Iran War: Trump's Endgame, Economic Fallout, and Polymarket Profiteering

Oh, I love the Chevy Bolt, I have mine.

“How long is 25 minutes the quick workout or a stop to the grocery store?”

It's all the amount of time it takes you to charge your Chevy Bolt. As I said, I drive the Chevy Bolt myself and older version and now the bolt is back and better than ever I may have to trade it in. You can charge from 10% to 80% in just 25 minutes with public DC fast charging, that's about half the length of this very podcast.

Explore Chevy's most affordable EV at Chevy.com/Bold. Actually, charge-shines will vary. You see owner's manual for details and limitations.

Let me say again, I love my car, never had a problem with it.

Best car I've ever owned by the Chevy Bolt. Support for the show comes from KoraWave. Everywhere you look, AI's expanding what we thought was possible and at the center of it all is KoraWave. Technical research and diagnosis, education, complex visual effects for movies, science and

technology break-throughs. KoraWave powers AI pioneers around the world with purpose-built tech, building what's never been built before. KoraWave is the essential cloud for AI, ready for anything ready for AI. To learn more about how KoraWave powers the world's best AI go to KoraWave.com/readyforanything.

Support for the show comes from public, the investing platform for those who take it seriously. In public, you can build a multi-assied portfolio of stocks, bonds, and options. And now, generate it assets, which allow you to turn any idea into an investable index with AI.

Go to public.com/podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com/podcast.

Payed for by public investing, brokerage services by open-to-the-public investing ink member

Finra and SIPC. Advisory servers by public advisors LLC, SEC registered advisor. Generated assets is an interactive analysis tool. Cloudplutus for informational purposes only and is not an investment recommendation or advice. Complete disclosures available at public.com/disclosures.

I should parent everybody. I think you kind of do. Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Kara Swisher.

No, no, I'm Sky Kahlo. So I just flew in from San Francisco and Boyer, my arms tired. That's right. I took before. I don't know why I keep doing the night flights things.

I just keep. I think I'm getting too old for it.

But I had, as you can hear, everybody, I have a cold and I actually was there to interview

Gavin Newsom for his book, Young Man in a hurry, which is now, I guess, old man in a hurry. And so I went in to do that and it was actually a fantastic interview. We'll talk about it. That's got a lot of news. Yeah, I did.

I made a lot. I'm a newsmaker, my friend. I just, just to be clear to give you insight into our relationship, he, there was a, someone put out a thing saying that he was in support of, he, changes tone or he's in support of a shame, change.

“And I wrote smart and you berated me, so why don't you give us?”

Not publicly. We're going to talk about it. We're going to, let's, let's, we'll get into it. I didn't berate you. It just was inaccurately depicting the interview I had just done.

Because I wrote, because I wrote the word smart. No, because you were tweeting an inaccurate report. That's all. I would not be an accurate report. I don't know.

It just was weird. It was weird because it was so not what he said. And so it just annoys me, it just annoys me. I mean, I definitely, definitely made a lot of news in that interview. By the way, we talked, we talked a lot about his book, which was interesting.

But he's definitely not running for president, because no president ever put out a book to further around the world. I know. Well, no. He kept saying that he wasn't sure.

It was really funny. And then right afterwards, it's actually, I like the book.

“It's gotten some ever views, but I think they just decided who we in.”

It is. And are reviewing it based on sort of that anxious, toti slick image versus a lot of stuff that he's done. It's bright. He's a very complex person, like yourself.

Look at that guy. I've heard it's actually pretty authentic. Yeah. Let me just characterize this discussion. The book, I really like, I have to say.

And I think I found out a lot of things about him that he didn't know about his mother. I knew a little bit about his mother's assisted suicide, but it was really interesting to talk about a lot about his own struggles. And not it wasn't the dyslexia part that we didn't talk a lot about that. But a lot about, I didn't know his wife had had a miscarriage, for example.

They have his four kids, he almost had five. It was out. There's a lot in there. There was a lot in there. And one of the things that struck me, which brings me back to you, which I know how you

like that, is he was the wife, he was the son of a single mom, who was not wealthy. And he has a lot of residences to your mom. With your mom, you know what I mean, like your story with your single mom, who is struggling father, who is distant, and who he desperately wanted to be with, it reminded me a lot of you, actually.

I think people underestimate, do you see them?

But I think right now, I think Governor Newsman hands down is the leading candidate on the Democratic side. And I know that I know a little bit about his personal story, and I actually think it's quite compelling.

“And a lot of his personal failings, I think, will come across as a bit authentic.”

People know about them. And also, I think California is going to begin not to peak, but to recover just the right moment for him. Yeah, I suspect. Anyway, it was really interesting, because I did feel like I was having the same discussion

you when I've had about single mom. No, you look, we're the same person except she's much more talented and handsome and more character than me, other than not with the same guy. That's what he suffers from. That's where everybody's sensitive to you and not to him.

He definitely played into it. We talked about that very personal thing, but we did get a lot of news and to. Yeah, I'm breathing about it everywhere. I know. I literally see Gavin Newsman this 11-year-old boy on stage.

I don't know her.

“And my voice is so, for those listening to what I apologize, this is a good version of my”

voice. I was absolutely dead horse three hours before, and I thought I have to cancel. I did all manner of things to my voice to allow it to work. And he got to open. I said, you're lucky today.

I've never had a man over talk, so you're going to get some chance to do that today, which

was funny. And he does talk a lot, let me just say. So let's get right into it. President Trump says the U.S. military intends to continue its assault on Iran for four to five weeks.

If necessary, he keeps changing his tune. We'll get to that in a second. The U.S. and Israel begins strikes on Saturday, killing Iran's Supreme Leader. I atola, as well as several senior officials, Iran is retaliating all over the place with missiles and drones, targeting Israel, the U.S. bases and Gulf countries, Dubai, all

“manner of places, four American service members have been killed.”

And Trump says there will likely be more, but, quote, "That's the way it is." Kind of a callous way to put it. Three U.S. jets were also shot down in a friendly fire, instead of over Kuwait, the crew members got out safely.

Thankfully, thank goodness, these are $90 million jets, so that's $0.70 million.

Trump has justified the attack on Iran, which did not receive congressional approval by citing, quote, "imminant threats," that we had not provided evidence that it looks like he doesn't have any. That said, a lot of people are celebrating the death of the I atola. Defense Secretary Hegg says, held a presser a little while ago.

He said this is not so-called regime change, or a but a regime-shurged change, not clear of either of them is true, because Trump has talked about regime change, and it doesn't appear as the regime has changed. Hegg sex was also asked about the timeline. Let's listen to what he said, if we can hear him directly.

To the media outlets and political left-streaming endless wars stop. This is not a rack. This is not endless. I was there for both. Our generation knows better and so does this president.

He called the last 20 years of nation-building wars dumb, and he's right. This is the opposite. Well, it's nice to hear from us talk both, not what he's talking about, but I also want to note about this interview I did with California Governor Gavin Newsson of the weekend for the latest episode on with Kara Spisher.

It's really interesting, because one of the issues was all the misinformation online. It was really quite, it wasn't just something you treated, but it was all over the place misreporting where he stands on all this, let's listen to what he told me, and this was just a small piece of it because he went on for a while, declaring Donald Trump's action. Let's go.

And that's Donald Trump, the chaos president, this wrecking ball president, across the board. Destruction is not strength. And once again, we've seen destroy not our app, not only our allies, and relationship to the rest of the world, but we're seeing him destroy any capacity to explain fundamentally what the core American interest is at this moment to declare

a war to go to war with the regime, and all of this is playing out in real time.

Newsson posted on us over the weekend, the corrupt and repressive Iranian regime has never

have nuclear weapons, leadership of Iran must go, but that doesn't justify the President United States engaging at legal dangerous war. Very similar to what Senator Warner said, all the senators pretty much said, this guy deserved to die, and at the same time, this seems like a chaotic mess. Let's talk a little bit about it, and especially the economic impact by fighting has

effectively shut down the straight of Hormuz, which carries one fifth of the world's well supply, as is recording oil prices are up about 7%, gas futures jumped as much as 9% spike in energy places supply chain strain brought to ripple effects across the global economy, especially because of the uncertainty. And the last thing I would note is, and it's interesting as Trump does respond to this,

is that there's much reporting, including in the Washington Post, about how he was convinced

General Cain did not want to do this, but here we are.

“So what we talk a little bit about where it's going to go from here and your thoughts.”

Well, the, the concerns, I have no idea, or I have a vision for where you hope it goes. But I'm sympathetic to Governor's Newsom and Senator Warner, the notion that we're going to end up, after Trump has gone, we have to be thoughtful about how we improve the tensile strength of our democracy by stopping the slow, but steady leak of power from Congress, which is the people to the president under the auspices are called comfort that they will

stick to certain norms, because effectively a president should not be able, military action, you can maybe justify, but this is war. He used the word war. I know this is war. That it is war, and I'm sympathetic to the notion that the reason we have 535 members

of Congress representing, you know, to, to per state in the Senate, and one for every 750,000 people is American people are supposed to have a say, but Democrats, it's 7% are actually in favor of this.

“So there's going to need to be, the best thing we could do coming out of one of the best”

things I think coming out of the Trump administration in this highlights that is to have structural reform around jerrymandering, citizens united, and that Congress has to be involved or briefed, or that we have to go back to this notion where only Congress can decide if, in fact, we go to, we go to war. Now, where could this go?

As you know, I'm in favor loosely speaking around this action, because I was like to ask, like to ask myself, what could go right?

Iran is 90 million people sits on the second largest natural gas reserves, the third largest

well reserves, incredible science, incredible universities, incredible entrepreneurial spirit, actually quite a non-secular, it was, that's for sure. And non-secular, well, I would argue, anyways, not fairly non-secular, a lot less anti-west than people have been led to believe by what I think is one of the most oppressive brutal regimes in history.

So what could go right? You could have one of the largest economies in the Middle East become more pro-west. It's been punching below its weight class for 20 or 30 years now because of poor technology and sanctions, you could immediately see it come up and be an economic power that is pro-west, pro-trading, pro-capitalist, what effectively might be the low, one of the biggest

tax cuts in history, if you saw more consistent flows of oil and technology and a great

trading partner, actually Europe would be the biggest beneficiary, and turn what has been

the primary agent of chaos and terror in an unstable region into something resembling, I don't even call it pro-west, but neutral west.

“So I think there's a lot to go right here, and I think the risk assessment provided”

to the president and my view had a lot of asymmetric upside. Now having said that, what they missed here was part of the paldoctrine, and that is, you have to have clearly articulated objectives or plans for next. Well, they haven't, and to your point, they just haven't been able to articulate in the last 24 hours, what is the off ramp in the objective here?

Is it regime change? Is it a more friendly regime? Is it? I mean, what exactly, and all of that, you're not going to get this notion that all of a sudden we're going to provide air cover and the Iranian people are going to rise up and overtake

150,000 members of the RGC who are deeply integrated into. They have outside plans, there's some great reporting on this, by the way, by my legitimate news organizations. They have contingency plans in place for what happens if the eye told the eyes, and they're carrying them out.

But we, okay, but in Syria, Libya, Iraq, these were autocracies with the central figure had. The RGC is very deeply embedded into the economy. So when you're mortgage and your salary is being paid by the RGC, it's not like, okay, the top guy, Assad is gone and boom, it's a new administration.

So there's a lot about the ground game, there's a lot about intelligence assets. And if they had said, we are going to, for example, a potential offer out. We're going to, new to their Navy, we're going to diminish their air defense capabilities, we're going to make sure for sure there is absolutely no ability to create or enrich nuclear stockpiles.

And then we're going to leave it up to the Iranian people, that's technically an offer out. But I have seen in the last 24 hours and talk about regime change. No, this isn't regime change. So they haven't been able to articulate what is next. Well, I don't, I don't believe they thought about it.

And I mean, one of the things that a lot of people are pointing out is the involvement of Netanyahu and the head of Saudi Arabia who publicly had said he was against this, but privately

The linkage between the corruption with the Trump family and this coin-operated presidency

that I talk about all the time is really very clear because most, I would say, they're trying to come up with a story after the fact, oh, it hasn't worked. It isn't an endless war, although it feels kind of like an endless war. It feels very bushy and, right, you definitely had echoes of that.

“I think he thought it was going to be like Venezuela, right, that it was like just take”

that guy out. And by the way, he's in business with the Maduro administration. He didn't regime change that place at all, like speaking of regime change. This is much more complicated. Are you great?

But I think he thought it was like that, right? No, I'm agreeing with you. This is not, take out Maduro and this is much more complicated. He's just has cowed the regime into it, but it's the same regime. In this case, it's really fascinating how they have put themselves into this economy in a

way that's very hard to get them out, right, you know, of course, this is their point of these very corrupt and, I would say, evil mollus in Iran. But one of the things that's fascinating to me is one that's the continued corruption of Trump's family in Trump with, within this region. And second of all, that he keeps calling, if you notice he's calling all, I'm waiting

for a call from in myself, like he called to a tap or he called the, you know, a bunch of John Carl. He's called all the regular old media people, essentially, or the people he, he decrys all the time. And it seems like he's workshopping different reasons, like it's, that's so disturbing.

Yeah, he's trying to figure out what people want, but there is, again, what could go right here?

The most powerful instinct is survival.

And what we pulled off here, and when I say we, I actually think was more the most odd than us, we effectively, and I don't think people really register it, help her found this was within about two hours. We took out the equivalent of the president, the secretary of defense, and it had the joint chiefs.

Right. They were all in the same place. Yeah. And then, and what has got to be the strategic mistake of, I would say the last five years other than the decision by Hamas to go into Israel.

Geopolitically, they started attacking civilian targets with the goal. How did you? Farid Zakariah noted that this was a mistake. I mean, that's just, okay, you want to isolate yourself from your, from who should naturally be sympathetic to you, now the going back to this notion of survival instinct, at some point,

you got to think the next level down, and I don't know if it's 1,000 or 10,000 or 100,000 or 150,000 RGC, say, okay, we too really like our families in this thing called life, maybe we need to come to some sort of accommodation with the U.S. in the West. So that would require, as, you know, boots on the ground, and Trump didn't even roll that out again.

Like, here's the would really drive me crazy. This idea, they're like, it's not endless war. The other president's were just dumb. It's the same thing, you know, they're just trying very hard to spend it. And by the way, you know, to uphold it half American support, it's actually not the case.

“Many of the polls are showing 25%, you should say, I didn't say 55% of Republicans and”

it's about that. I don't remember any different. Now, amongst Democrats, it's 7%, and I'm, I'm, I'm amongst the 7% of Democrats who support this, but it's a little bit different because, okay, what they're hoping for, and maybe it's, it's a hallucination that it's not boots on the ground, that it, that it sandals

and sneakers and slippers, that the Iranian people based on the problems that 30,000 people that have been mowed down with the front lines, they were the Marines, they were the shock troops who were willing to risk their lives.

So the reality is, kind of what the offer ample be, or how this plays out, or how we

plays out in the next week, in terms of the Iranian populace's ability to foam and change on the ground, because the American public does not have any appetite for boots on the ground, but what I, I talked to a senator this morning, I'm like, isn't a reasonable offer app that you would say, okay, we're going to diminish their ability to wreak havoc to a point, you know, 0.1, we're going to trouble skies, we're going to diminish their

navy, we're not going to, we're going to clear out their mind sweepers from the streets of Hormuz, we're going to absolutely ensure there is zero capability, nuclear, and we're going to declare, we said was obliterated in June, just let's point that out. Fair point, why did, again, more inconsistency, why did we need to go back in to to diminish their nuclear capacity when you said it was done seven months ago.

“So there is inconsistent messaging, but I think the office, that's called my opinion,”

the opportunity is here to diminish the capacity to continue to levy this depravity and oppression amongst its populace and potentially liberate one of the great cultures and civilizations history that sits on unbelievable economic potential economic prosperity. There is a real potential upside here.

So what's really interesting to hear is he yells at Europe for not pulling their fair share in defense. Fine, I can see that argument, even though he makes it in the crude and repulsive way. Why isn't Saudi Arabia in Israel paying for this? We're doing their cop duty and we happen to have a corrupt cop on the beat.

Oh, Israel's sacrifice, I'm talking about, you don't hear the same language, right? Saudi Arabia wanted this to happen, they should pay for it. Like if that's really the thing, why do I have to pay as an American taxpayer?

$270 million for three planes, like that kind of stuff.

And why isn't this money deployed elsewhere that I think isn't not me, I'm not running this show.

“But like why isn't Ukraine the same thing, like that's what's really interesting is there's”

a country that is full of like economic, talk about economic opportunities, same thing. Let me focus you on the, we told on the US economy because all these, like a free, well, first of all, every attempt at regime change in the Middle East has failed almost miserably for the United States, or a version of regime change, Afghanistan, everywhere, everywhere we go.

To be fair, it did work in the Balkans, we have had successful interventions in Kuwait, we successfully repelled the different seris we did it multilaterally, which that's right.

He's stupid to do here, already Britain, our closest ally is humming and honing about

letting us use their airfields. He wants to go it alone, which is stupid. Anyway, I interrupt, do you talk about the economic seris? So I want to know about the effect in the US economy, because one of the things, because these, when people start a war, it tends to be in the 60s period, right, right?

It's 25, and I get that the Democrats don't like it.

“But in a 25 is a bad place to start when you're doing a war, which if you remember, remember”

the studs good, and everyone being vaguely excited when they were doing, I mean, even myself, which is grotesque, because I now have children, I'm like, oh, no, no, no, no. But they talk about the toll on the economy, because every, and the maga people, green cars and more, even more heinous people are talking about this is not what we voted for, right?

This is not. And they're trying very desperately to pretend it's not an endless war. It's whatever words they're going to use, is not going to work with these people. They, he's already struck seven countries, seven events, like he's done more war, like it was interesting, because Hillary Clinton was so pressy in about exactly what he would

do here. It seems to like and have an appetite for military action, because everything's going so badly for him. So, talk about the effect on the use of economy, oil prices, right, inflation, more danger for the U.S. in terms of attacks on our own soil, from the Iranians, I mean, if you

back these Iranians into a corner, they may do something really dire here in this country. What is the toll on the U.S. economy, and let me add in that people were using this word to cash in on online betting markets, which was repulsive, and Calshy reportedly saw

$36 million in bet volume related to whether or not there will be regime change in Iran.

On polymarket $529 million was traded on contracts tied to the timing of the strikes, and some of them seem rather suspect, polymarket defended a decision to allow betting on the start of war, saying it's invaluable source of news and answers. It feels like profiteering to me. But talk a little bit of the impact on the economy.

“What's next, if under, I think of three certain two scenarios, what's next for the economy?”

>> Well, just to go on reverse order, I actually would argue that we have diminished, I mean, you have what is, what was the superpower on the region, with their proxies, Hezbollah, Hamas, the Houthis, Reaking havoc, economically, and in terms of oppression of different people in the region, and the organizing principle was death Israel and death to America. And I would argue that even if we don't have the regime change or economic liberated capitalist

West-friendly Iran, that their ability to strike at us and our proxies overseas in our basis has actually been diminished, that they're not now we need to be more worried. I think we need to actually be less worried. There are two scenarios here. One scenario is we end up in another forever war that explodes our deficits, and we keep

incrementally making excuses for trying to impose democracy, which is an oxymoron. And oil prices, the state of Hormuz gets blocked off, and oil prices skyrocket. Now, to a circumstance, if you wanted to be really macabelion, that doesn't hurt us that much because we are energy independent, who this really is hurting, but Venezuela and Iran is China, 80% of Iran's oil was going to China, the same with Venezuela, so we can survive

an oil shock, but you could have an increase in deficits of a forever war, disruption and supply chain, straining our relationships with the allies, I personally think there's

trading partner for Europe and the US, and I would argue I would bet that I believe in six

“months that oil prices will be lower than they are today.”

Now to your point about cost and economics, I am sympathetic to the left view, many people on the left, that these forever wars and foreign intervention and imperialist imposing our own values on other cultures and other nations is not only wrong, it is just really fucking expensive. I'm sympathetic to that.

What I'm not sympathetic to. Can I make a correction? It's Charlie Kirk talked about this. And right, this has been an animating issue. Well, it's just about to get there, care.

The right has a very strong isolationism at what is inconsistent for me. It is consistent to say, let's focus on our problems domestically, let's spend money domestically. Let's not run up deficits with tax cuts and forever wars in a macho military and let's stay out of other people's knitting, recognizing that we respect the right, they're right

“to do it, you know, to govern themselves and shape their own future.”

But is totally inconsistent, is the far right or the right isolationist rhetoric while approving a $1 trillion military budget? Because my view is the only rationale for having a $1.1 trillion military budget is quite frankly as if at a regular basis you're going to go on your toes. Because if we don't want to get involved in this kind of foreign adventures or misadventures

whatever you want to characterize it, there's no risk of Canada invading us. Let's take our military budget down to 300 billion and pay off our deficit.

So I've never understood the rights fascination with ridiculous military spending and then

this isolationist complexion. I personally think the upside over the medium and a long term here economically with a peaceful Middle East once its primary sponsor of terror is neutered here. I think it actually, I think this over the medium and a long term could be really good for Europe.

And if we could figure out a way to end the war in Ukraine, figure out a way to have a neutral West Iran, I think you're going to see the largest tax cut in history because I think the flows of oil will cut oil probably in half and you'll have an incredible trading partner with what is what in the most productive capitalist in many ways societies in history. And that's the Persian people.

Yeah, that is true. I understand one of the things that troubles me is this one is that he really doesn't seem to have a plan and he's the president, right? That people within his administration. So call you and ask for your plan.

It's going to happen. My plan is for you to step down, but then I would get to advance, but that's my suggestion.

“And you should go off and spend all those money you've stolen from other people.”

But one of the, one of the things that I think about a lot is what, that this is done in such a haphazard way without the involvement of Congress, right? That really is troublesome and that these, these Republicans who are against these things,

immediately get in line, now look, Lizzie Graham, that's other bell has always been wanting

to do this, right? I mean, now he wants to go from, he is another bell, and he's, he's, he's wanted to do this. He wants to do Cuban next. Let's do Cuban next, right? That's the whole thing.

This is all, he just, in his mistaken, a Cuban blinding, it's women. It's not hanging teenage girls and then sending, but he said, he said Cuba, he did. And I'm, I'm saying that makes, I'm saying, as much as a war hawk as I am, I see no logical reason to invade Cuba. Well, I think that's next, it seems like they're just gonna get bored over here and come over here.

But this is something Lindsey Graham is wanted forever in his endless and sad attempt to be more mask in some fashion. So fine, fine Lindsey, that's fine. But one of the things that really drives me crazy is these people are so, they shift, because people say one thing one week and then shift it the next week, like, look, I know

you like to attack them, but they're sticking to their guns on these kind of things. There's no, I'm trying to attack her. Oh, the left a lot, but the right just shifts it, like, it's like we're against it. We're against it, we're against it, Charlie Kirk said, let's not be dragged into this by, so, and so it's, let's focus here.

Okay, then let's cut our military budget to 300 billion.

I get it, I get it, but I just don't see why they shift this way, it's really, it's sad because I like when there's argument over what we should do here in a way that everybody gets tenets meant to be a discourse in the Congress. I agree with that, Barry Goldwater, Barry Goldwater called us in the 70s. He said that we have become dangerously used to a slow leak of power from the colloquial

branches of government and Congress to the president. And what kept that mostly in check was a series of norms where the president would go and inform the Senate Intelligence Committee or the defense, the people on the defense committee, he would give them a heads up. He'd invite them to the White House and say, this is what we're thinking, what do you think?

And so there's got to be, unless there is structural reform around what it means to have colloquial brand, Republicans are resigning from Congress because they're like, why the fuck am I here? Yeah, yeah. Well, I'm not even good.

The Speaker of the House is not Mike Johnson, he's the Speaker of the White House. He's there to run roughshod over people in the minority party are used to getting fucked over. They're used to having no power. But Republicans are like, let me get this.

I stuck around to be in the majority, so I could represent my people and get policies through. And I'm not even being consulted on this shit. No. And on the Democratic, I'd say, centrist conservative.

I've never seen Senator Warner who I consider pretty, pretty like, moderate.

“More than, I mean, I think he's often, we often disagree on a lot of stuff.”

He was incandescent, you know, because he sees these things. He knows he has so much experience and Senate intelligence, et cetera, et cetera. And to watch people who had said the very opposite shift was really something because at the very bottom of this, it puts people's lives at risk unnecessarily. And not just American troops, which is terrible.

It's people on the ground, Iranians citizens, which American troops and I worry about Americans, you know, people attacking here. And it just creates a situation that when you, there's just, this guy, this guy's got to have a better reason than to call someone and have a different reason every minute. And we'll see it's effect on the stock market's not loving this at all.

But we'll see. We'll see where it goes. And what's fascinating about these things is they tend to be right. That there's a well wisdom of the crowds.

And when you have Senator Warner, who has just had a lot, this is not his first rodeo,

he's had a ton of presidents and joint chiefs come before him and explain their plans. And when you have Senator Mark Kelly, who's actually flown these missions, if you don't, if you don't take advantage of the benefit of their insight, even if they don't agree with you, you're not taking advantage of the greatest depth, the greatest IP depth of knowledge and experience in military history.

And that's amongst quite frankly, many of our members of Congress. If you're not bringing Senator Representative Seth Molten in and saying, hey, when you are on the ground in Iraq, I mean, instead we're, we're consulting with a Senator from Florida, a former Fox TV host and a reality game show host, they're making these decisions.

And the FBI is being run by a guy who likes to party in the middle of a possible terrorist action in this country. So we're, they're just going to make, and this is, I was like, to try and reverse engineer to a personal learning here, one of my biggest flaws, biggest flaws is a man is I thought that masculinity and leadership was making a quick survey of the situation and then making

a decision, and then it was my job to talk to everyone into my decision. No, it's not, leadership is listening, and occasionally going, oh, fuck, I got it wrong. We need to switch course. I don't make now, I didn't learn this until I was literally 50, I don't make a big decision personally, financially, professionally, without talking to three or four really

fucking smart people because you can't read the label from inside of the bottle. And the U.S. Congress is full of some of the most impressive experience smartest people in the world. And beyond that, there's people also. And also, they have this incredible task of representing their constituency to not check

in with them.

“I think Senator Warner is apoplectic because he's like, for God's sake, we can save you”

from yourself. That's right. That's right. He wasn't out of ego.

I just, I've never seen him do that.

It was really interesting. We have to move on. This is a developing story. We'll see what happens. It seems like a very, as Gavin Newson said, chaotic, White House.

It might be trying to get us away from the Epstein files or other issues at home. We didn't even talk about the distraction, but we're going to quick break. We come back from targets anthropic, another incredible tech company in what former Trump official calls attempted corporate murder. Report for the show comes from Better Help.

This international women's day, Better Help wants to remind all the mothers, grandmothers, ants, and sisters of the world that you deserve to take care of yourself as much as you take care of people around you. If you want help getting connected with a therapist, you could try Better Help. Better Help does the initial matching work so you can focus on your therapy goals.

“All you need to do is fill out a short questionnaire that helps identify your needs and preferences”

and better help matches you with a licensed therapist operating under a strict code of conduct. After 12 years plus of experience, Better Help says they have an industry-leading match fulfillment rate. And if you aren't happy with your match, you can switch to a different therapist at any time from their tailored recommendations.

With over 30,000 therapists, Better Help is the world's largest online therapy platform

And out of over 1.7 million client reviews, Better Help's Average Rating is a 4.5 out of 5

for a live session. Your emotional well-being matters.

“Find support and feel lighter in therapy.”

Sign up and get 10% off at BetterHelp.com/Pivot. That's BetterHELP.com/Pivot. Support for the show comes from Vanta. Risk and Regulation. If you're a business owner, you probably know that both are on the rise and your customers

need to know your proof of security. But earning that trust can be expensive and time consuming. Vanta says that's the challenge that is on to solve. Vanta automates compliance to bring risk management and customer trust together on a single AI power platform.

It helps companies achieve and maintain compliance across more than 35 security and privacy frameworks including SOC 2, ISO 27001 and HIPAA. Result, faster compliance, less manual work, and more time to focus on growth driving opportunity. So, if you're tired of sifting through old audits and spreadsheets, you can get a system

that's always working in the background keeping you compliant, reducing risk and helping

your business scale fast and with confidence. Vanta says that companies including ramp and riders spend 82% less time on audits with Vanta. Just as faster compliance, it's more time for growth. You can get started at Vanta.com/Pivot, that's VA, NTA.com/Pivot, Vanta.com/Pivot.

Support for the show comes from Indeed. If you're looking to hire top tier talent with expertise in your field, indeed says they can help. Indeed, sponsored jobs gives your job the best chance at standing out and grants you access to quality candidates who can drive the results you need.

Spend more time interviewing candidates who check all your boxes. Less stress, less time, more results, now with Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help get your job the premium status it deserves at indeed.com/FoxBusiness. Just go to Indeed.com/FoxBusiness right now and support our show by saying you heard about

Indeed on this podcast. Indeed.com/FoxBusiness, terms and conditions apply, hiring, do it the right way, with Indeed. Scott, we're back present in Trump ordered federal agencies to stop using Anthropic after it did not come to a deal with the Pentagon and safety that Defense Department will phase out the use of Anthropic products in the next six months, which will, I will

tell you, hurt, national security, Anthropic plans to challenge a supply chain designation in court. Good for them when it comes to the App Store Anthropic is winning. Claude is the number one spot in the apples free apps as we take. Anthropic also faced a major outage on Monday with the company saying it's been dealing

with, quote, unprecedented demand. Meanwhile, open AI, of course, Sam, ever the opportunist open AI, Sam Altman, reach an agreement with the Pentagon. The company claims it's not a way to ensure its technologies would adhere to its safety principles by installing technical guard bills.

Whoever, when Sam Altman was asked on ask whether he worried about their future disputes with the Pentagon or what's legal, he responded, "Yes, I am." Oh my God, Sam.

“I got to tell you, you need to stop talking.”

A former Trump official called Anthropic Order Attempted Corporate Murderer. It's a backdrop of open AI raising 110 billion as late as funding around including 50 billion dollars per Amazon and $30 billion from both the video and soft bank and these continue around tripping kind of deals. I read a lot this weekend about this and one of the people involved was a guy named

a male Michael who used to be an executive at Uber who was possibly one of the most bullying and awful executives and full of all manner of bad behaviors. When there I, he left the company, we wrote some stories of us thinking he was involved in, that was just so not a good behavior, I would say. I have spent time with him, he was the one that was negotiating this, not a surprise.

He kept calling Daru a Modi from Anthropic, "God, like God, I think he's God or whatever.

I've never met anyone who thinks he's God more than a meal, Michael, and he's usually

a toady to more powerful people in this case," Pete Higgs said. In a way, it seems a ridiculous overreach on the behalf of the government, probably Anthropic will win.

“I think it probably will benefit from this as you've noted many times, any more thoughts”

on this. I don't think we're any safer as a people for having done this. I don't. I think what people miss is that over the last 12 months at a 23 markets where the 21st best performing or the third worst.

Yep. And what has changed? We've had incredible in the past. We still have incredible innovation. We dominate the most tectonic shift in technology, the thing that's changing is I believe

we're experiencing a rotation out of U.S. stocks and a compression of multiples.

the U.S. from every other market in the world is our incredible IP developed mostly through

funding of research and universities and incredibly risk aggressive culture based on immigrants who take huge risks to get here.

“And also, I think more than anything, probably it or chicken and egg, it attracts the deepest”

pools of capital in history. There's $5 million in venture capital for every startup in the U.S. There's only one million for every startup in Europe. Anthropic started six years ago, if it was in Europe, it would be one of the most valuable companies. But when governments start selectively punishing and rewarding companies based

on political favoritism, that capital gets scared and starts withdrawing because why do you invest in open AI or Anthropic if you don't know who you're waking up next to in terms of its ability to raise capital based on the blood sugar level of whoever's president. So this is not only the wrong thing to do and makes this feel less safe and it's probably illegal. It's going to hit your 401(k) folks and even a place like the Gulf that are run

by autocracies, they have a real respect for systemic laws in the market because they recognize the moment they start fucking with companies based on their own who's in or out of political favor, which has no stock market because nobody wants to invest and then find out the CEO got a call from the wrong person or got on the wrong list and as all of a sudden, how

“to business. So even in China, people, I think they learned their list less and a little”

bit with D.D. where they got angry at D.D. and basically crushed D.D. They're now, you know, they have a lot of respect for essentially government regulatory bodies, consistent application of rule of law, trying not to play favorites. So this will, the immediate reaction will be okay. They're wrong. This is illegal. Fine, and also from a commercial standpoint,

I've been saying for the last year that someone has an incredible commercial opportunity

to say enough. Where the good guys, we do not buy into this. If this costs us money in the short term, fine, but the very American values to give us so much opportunity or under attack and we're just not down with it. And I don't even remember me saying this. I said six months ago, the biggest opportunity for Nike, which is trading in a 10 year low, was to run a bunch of ads saying, we're about American values. And what's going on here is wrong. What's interesting

is the corporate American needed a hero. And it looks like it's Dario. I know. It's interesting.

“What's really interesting here is I think in it's finally happening, they're shaping”

up to be Joe Frazier Muhammad Ali here. And I think that Dario's being very smart. And I think it's up to us. And the media are progressive. Progressives. And I'm obviously stitching this into the resources and unsubscribe thinking, I think it's time to start figuring out if there's a way to be more commercially supportive of anthropic and less supportive of open AI. Basically, open AI is decided to enable and be complicit in the Trump administration's efforts in Dario.

And anthropic have said, no, we're not going along here. We're not going to be intimidated. This is quite frankly, Cara. I have been waiting for this match up for a year. No, yeah, I know you have. Let me say, I don't know Dario a Modi. I don't actually any might be arrogant, which is in line with most people in tech. That may be true. But I do know a male Michael, who has been who did negotiations. And I do know David Sachs. And both of them are Aryan operators, ceaseless bullies

and anxious toadies to the powerful in my experience of covering them. Sam, all men is much

a little more complex, but he's a gifted opportunist, which doesn't make him that different for anybody in Silicon Valley. And has made his choice here, right? That's he wants the business. And so it's a really knowing the characters involved here. And then on the top of it, you have an idiot, like a moron, like Pete Higgs, who doesn't know what's happening, communicating to someone who's even more moronic on these issues, which is Donald Trump. I think just,

I suspect, Sachs is whispering in his ear. And male Michael's whispering in Higgs's ear. And this is all a Silicon Valley beef, right? Between and among these people, a meal was, was let was had to leave, Uber under very not great circumstances was pushed out. I think all these people is payback for other people. It's just, there's a lot of Silicon Valley drama happening here. And I don't know Daru. I don't, I don't. I really don't. It's unusual that I don't. And I've

asked for interviews with him. He is not agreed to do an interview with me. Thanks Chris Nalti. But I, I do, and he did a very good interview with CBS News, actually, which I thought was interesting.

Yeah, it was a good interview. But one of the things that I know is the people on the other side of

“him are very, people I covered for years who are just not good. How can I say this nicely?”

They're, they're the worst of, of the people I had to cover over the many years. I have to say they're literally the worst. And, and, and to see them in these positions of power is, making these decisions and hurting a company that just doesn't want to do business with them. And actually Michael tweeted out against a Modi weeks ago. You know, it's so unprofessional as a government. Like it's so, it's such based in beefs that were happening elsewhere. And, I mean, I'm really,

I had ended up having drinks with them after he was sort of drummed out of Uber. And he said something to me was so strange. He goes, well, I'm so glad we can be friends. And I remember saying to him, we're not friends. I think what you did, there is terrible. I don't know what, where you operate. But let him just do what he wants. And don't, don't bring your stupid insecure beefs out on the thing. And it will benefit anthropic. It will. I think he, I think he's handling himself. And he

may be arrogant. He may have a God comes. I don't know. I don't know. But he's certainly not like these people. And in that case, the bars, low. I've had my say. I think it's a big opportunity. I think I think Americans and consumers are so ready to vote with their pocketbooks. And Sam,

I don't think Sam is acquitted himself. Well, I'm not going to have advertising. We would never do

porn. Well, I need a raise money. Never mind. And the largest customer in the world, which is the US government, needs to have a series of systemic laws that don't, that these are the rules you get to play by and full stop. Everyone is entitled to and obligated to the same set of rules, not who, who you like or who you don't like, in which kind of leads into our next story, which is Netflix and Paramount. Right, Netflix. Speaking of that, Scott, let's take a quick break and we come

back. Netflix emerges as a winner after losing the Warner Bros. Battle. Support for the show comes from Odo. Running a business is hard enough. So why make it harder? With it doesn't different apps that don't talk to each other. Introducing Odo, it's the only business software you'll ever need. It's an all-in-one fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce, and more.

And the best part, Odo replaces multiple expensive platforms for a fraction of the cost.

“That's why over thousands of businesses have made the switch. So why not you?”

Try Odo for free at Odo.com. That's OdoO.com. This is advertiser content brought to you by Stonyfield Organic. Our cows, them going out to pasture, they love it. They're so excited to go out every day. They wait right at the Doring Effect. We milk them and we just open up the lane way and let them just go right out to pasture. I'm Ron and Miller Goodrich and I'm a dairy farmer in Cabot Vermont.

Our farm is Molly Brook Farm. We're an organic dairy farm and we are a supplier to Stonyfield. Molly Brook Farm has been in my husband's family since 1835. We started our organic transition in 2015. We had 53 acres of corn ground and of course we had to use herbicides and pesticides and the soil was dead. Really, for all intents purposes, we stopped growing corn and stopped using herbicides and pesticides and we seeded that down to perennial grasses. After that we began to

see biodiversity and that soil again. To be organic certified, our cows need to be in pasture at least 120 days. I think the organic practices really benefit our animals. You know, having good

“feed, good water, a nice light area. That's what's important to us and that's what's important”

to Stonyfield. Visit Stonyfield.com to find Stonyfield organic yogurt near you. Support for this show comes from ATEO. ATEO is the AI CRM built for how modern companies work. You connect your email and calendar and ATEO automatically build a complete picture of your customer relationships. Every company, every contact, and every interaction all organized in one place. From there, it keeps itself up to date. ATEO understands customer calls adapt to how your business

works and uses AI to research and service important contexts so teams stay aligned without manual upkeep. If you're looking for an AI CRM that's built to grow and adapt to your business, check

out ATEO. You can go to ATEO.com/box and you'll get 15% off your first year. That's ATTO.com/box.

like a winner. Boy, this is incredible. The company stocks search 14% of it formally exit

“the bidding war. It also now has $2.8 billion in the bank after Paramount paid the Warner Brothers”

breakup fee. When after the plan all along with the saddle paramount with debt drive up the price and walk away with more money, Ted Sarando said there are easier ways to make $2.8 billion dollars very funny. He's also trashing it so beautifully. I have to say what a pro the way. Like it's ridiculously expensive. He's dropping all sorts of bone mows in that Bloomberg interview you did. I'm hoping to do it relatively soon. He noted that Paramount deals dependent on

cost cutting leading to less production, less people working. He's 100% right. On the Paramount front CEO David Ellison, who got strafed by Barry Deller as a stunt pilot and speech. Another thing, just announced that Paramount Plus and HBO Max, we combined it to one streaming service.

He also said there would be a lot less, a lot of cuts, $6 billion in cuts that he can

quickly deliver. Nobody believes him or thinks he's capable of doing it. Sarando said talked more about $16 billion. Let me just tell you Hollywood, look out below. This is, this is, look, I don't think Ellison means to be incorrect, but he is incorrect about what's about to happen here because the pressures on this much debt, I talked to, as you know, Bill Cohen went because you weren't around last weekend. But this much debt is enormous amounts of debt. It's like crazy.

They don't have enough income. They have barely enough income. So they can't grow. They have to cut. There's going to be, there's obvious duplication that they will cut, but even more than that, anything they say at this point is just absolutely untrue. It's just, again, I don't think they

“mean it that way. I think they believe it that they can, you know, turn, shed into a into chicken,”

shed into chicken salad, but most smart math people don't think they can do it, especially with competitors like Netflix, breathing down the end YouTube, laying down their neck. Your thoughts? Well, I think I've been consistent on this. The big losers are the creative community. They don't realize it. I don't know, half a million of them just got lined up and shot. I mean, they're, the amount of AI slot we're going to see come out of paramount and water trying to pass for, you know,

great breakthrough content. It's just going to be like I said, you know, in space, no one can hear you scream. Oh, trust me, you're going to hear a lot of people's grave. And the biggest winner hands down. And I told Ted this. I said, if you walk from this, you realize your stock's going to go up 10%, I was wrong. In the last five days, the stock's up 30%. Yeah, back to other levels. Yeah. Okay. So let's look at it this way. They's quite

quite technically, say, $120 billion by not acquiring it. And there's stocks up a hundred billion. Cara, they could go by Disney right now for walking from Warner Brothers. So, and if I were them, and I was Ted and I'd be pissed off, I'd be firing up my lobbyists and my lawyers and be like, delay an opposite, make it, create so much havoc for this deal to close. And by the way, every studio, every crib, they're all going to want to go to work for one place. Okay. Do I want,

if I'm pitching, I just had my latest book option for a series and for a documentary, which means absolutely nothing. I've figured out on Hollywood. Your man notes on being a man? Yeah, for an original scripted series and a documentary. Anyways, think of it as an art rated wonder. Yours is how what I'm pitching it. Who's playing me? Airvavillage. Airvavillage, there's an a little tiny suit with a with a with a pop of German shepherd.

No, shall I make them work? He looks like a teenage boy too. Anyways, so these guys, the amount of money, let me go this way. Say, say here in the creative community, and you have the hottest script, or you're the hottest actor, and you have offers from

“from the Paramount Studio, from Warner, or for Netflix. Who you absolutely are going to pick?”

Netflix. Oh my god, they're going to every day of the week in twice a week. HBO, they look like heroes. You all hated Netflix. Now you're going to love them. It's really. And by the way, when the Democrats come into power, that's going to be good for them too. HBO just lost 30% of

Australia's HBO's asset was it always was able to punch above its weight class. It did two

billion in content relative to Netflix's 18 billion. But if there was a show, people were talking about around the water cooler, whether it was girls, or euphoria, or game of thrones, or succession,

subject. But when we pitched my big tech series, everybody, all the creatives and all the stars, they all wanted to go with HBO. They love Netflix. But if we had our choice, we would have gone with HBO. Guess what? That just changed overnight. Completely. I wouldn't do a thing with them. I have to say, I've got some shows. I don't have no intention. What so they can figure out how to produce it

for a third of the budget using my eye? Yeah, fuck you. And also one of the things that's interesting

“is that there is an interesting movement. And also, I mean, I think the CNN part of it is a smaller”

part of it. It still is going to be a lot of news, right? It's still because it's CNN, the merger. And they've already made a mess of CBS. But they're going to make a bigger mess of CNN. I have heard from so many HBO people that are like fuck. Like fuck was everything in every like a dozen HBO people. CNN is losing its ever loving mind, right? As they should. And they're like, they're like, what do we do, Cara? And I'm like, I don't know. I'm not going to be here. So it's not

like abstract. Yeah, I was like, I don't know what to tell you. But you know, I wouldn't work for those hacks. But one of the things that's interesting is the idea that Netflix takes a little bit of this money and hires like the like Anderson Cooper and the best of them and creates a little new service. Like I they should like a really good one. I talked to the women around to content and Netflix and I said, I have an idea. Bell it. Bell it. Yeah. Start something called the hour and hire the two

thirds of the people from 60 minutes that would like to leave right now and have a show a weekly show called the hour or 59 minutes. I offer. I'm like, I'll tell you who's good news not. I like I don't think all of those people are looking for a way to get off the get on the last helicopter out of Saigon right now. Yeah. And a lot of them want to be entrepreneurial. It's really interesting. They do see the need to change out. I mean, obviously the economics of a lot of broadcast and

cable television is out of whack with the revenues clearly all through the industry by the way. That's it's up 30% Netflix. Netflix. The market has decided that Netflix is worth a hundred

billion dollars more without yeah. It could spend a very little amount of money putting together a

really interesting news offering. At the same time, you know, as obviously CBS is going to go going right in a really weak sauce way. It's really kind of wimpy right and stupid right. But I mean, if you're going to be right, go all the way to Fox. That's my feeling. Like, and it's it's an ever dying audience by the way. And I mean, my mom's was average listener essentially 92. But one of the

“things that I think will help. Fox has done really well. Yeah. That's right. You're not going to get”

you're not catching Fox. Here's a crazy sad, especially more moderate swatch Fox and CNN right now. Well, I'm not surprised. It's anyway. One of the, because the news part is, I mean, Jennifer and there's several people who are quite good over there. But there's a lot of great people in CNN. Let me be clear. There's a lot of great reporters throughout that organization and they do a great job. If people tend to focus on Scott Jennings at night when there's lots of people. But I mean,

I feel stupid or the Abby Phillips. Okay. Stop. So Scott Jennings is the problem over there. So no CNN is the problem for putting him on a crossfire. That that shows. But I'm saying there's a lot more to CNN than that show. So it gets a lot of attention. But one of the things that I think is interesting is really opens up an opportunity for MS now because they're, they're by themselves over there on the left. Like, it's a great business, right? Like, it's just, it's sort of like the

Fox of the left. And so they have a huge opportunity. It seems to me. And love what you're, this is, I'm not. I'm not. I'm just a traditional meaning. This is who it's an opportunity for. It's an opportunity. A small opportunity for Bill Cohen and then Thompson and Cara Swisher. I know that. You're about to see a massive diffusion of power from these industrial brands. It's already happened. It means a production is way too expensive to all these little media

companies start up some steps, stacks and podcasts and newsletters and this all this hand-waringing that don't know the Washington Post can't go away. Doesn't fucking matter, folks. Those people are going to find their own little niche media companies and they're going to punch above the way class. And I can be saddled by the blood sugar level of again, human growth

“hormone and same parts. I get it. I just think MS now by itself, being, I think CNN should have been”

independent would have given an opportunity to be innovative. They have an opportunity to be innovative. They do. They absolutely do. And so that's a good thing for them because they're all by themselves over there. This is the best use of CNN. We have an iconic popular Gavin Newsom and he stacks this cabinet with CNN anchors. Bannabash does make a great vice president. Yeah, it's a great job.

There's a lot of really great. There's amazing people. Michael Smith. I think he could be secretary

defense. There's a lot. Anderson, I think does a good job every single. Caitlin Collins, I have so much

Yeah. It looks like the fucking Kennedy administration from CNN. Wow. And it would be so much

“higher than D-dags, that on anything. Well, we could go to, Jenny, Piero, that's, I mean, I think we're competing.”

I'm down for networks as cabinets at this point. I think the CNN people are so impressive, but they're all about to, and they've been doing this last two years. I'm thinking about starting a podcast because they're having the uncomfortable conversation where I used to make seven million a year and they've offered me to do it. If you had every conversation with all of, not just CNN. It's throughout the world. It's everywhere. It's everywhere. It's all the media people.

They, I could have a business. People anchor off the most money they've ever made and think that's what I'm worth. No one ever thinks of themselves. Wow. I'm overpaid right now. I can prove to you statistically at any moment in time. There's a 50% chance you are overpaid right now. No, it's over the market.

I'm not, I'm not, I'm not, favoring media. I just think it's, I've always seen it as an opportunity. I

always see it as an, like you can still do well. It's a good business. It makes a lot of profits. You could do well here. And it could give you an opportunity for MS now to have a lane all to

“itself. And I think that's always a good thing. Always a good thing. Who's MS now star as a ritual?”

She's only one day a week ago. Rachel, there's a whole bunch of there. But let me say Rebecca Conler is Stephanie. There's a whole bunch of people over there that are very talented. And they're hiring a lot of great reporters. And Rebecca Conler, who you know, know about, is amazing. Like she's, she's, she heard me and CNN plus. She did at the ploo. And, and you know, I think there's lots of opportunities. You know, I think that the, the, the, the, the, the, the, the elephants will ball exit.

And coming to you soon to Keraswisher's doc, he's serious. Keraswisher wants to live forever on CNN. No, I can't, I just hope it closes before that. So I can see a photo with you in Lairn Allison. No, it's not. Listen, it's, it's going to be soon. I will be out. I'll be, I'll have removed my, my things from the closet. So curious who they're going to ask. Who are they're going to ask to run? Yeah. Let me just tell you, everybody, Scott Galaway is in the second episode. And he's looking

fine. And, and, and he looks, it's, it's an adorable, Keras, and Scott moment. That'll save them. That's their answer. It's actually a really good show. I have to say, I'm very,

“you have to say your show's really good. You're going to love this. What? I did a podcast today.”

And they asked me, what was my favorite moment with Keraswisher? And I said, when you and your wife came down for the weekend. And I let you speak, pick the streaming media thing we were going to watch. Hey, fucking mistake. You pick some like art heights from PBS. They're like, the history of great museum, that's or something. I'm out fuck. Oh, that was a good show. And we're sitting there. And we're all eating. And over comes white LeBron. You're 14 year old monster. And he sits down. And I'm not

exaggerating. We all pop eight inches into the air. He's bigger than ever. And also the next day, you were you were scolding him like a mother does. And you were literally your necklace craning so hard up with him. It was like watching Billy and Mama. It was like watching Billy, barter, barty, lecture, Shaquillo, Neil. Yeah. Well, I said to my son, like, look at this. Look at this. Look what's going on over there. Yeah. Anyways, that's right. I should, but I should parent everybody.

I think you kind of do. Anyway, let's go on a quick break. When we come back, wins and fails.

Support for the show comes from retail. Too many companies run critical operations on duct tape

spreadsheets, slack workflows, and whatever else they could gobble together. Not because they want to, but because building internal tools means weeks of waiting on someone else's backlog. That's where retail comes in. Build custom internal tools just by describing what you need. Prompt something like, build me a revenue dashboard on our sales force data and retail actually builds it on your company's data in your cloud with enterprise security built in. Go to retool.com/vox.

We all need to retool how we build software. Support for the show comes from core weave. Everywhere you look, AI is expanding what we thought was possible in at the center of it all is core weave. Medical research and diagnosis, education, complex visual effects for movies, science and technology break-throughs, core weave powers AI pioneers around the world with

purpose-built tech, building what's never been built before. Core weave is the essential cloud for AI.

Ready for anything? Ready for AI. To learn more about how core weave powers the world's best AI, go to core weave.com/ready for anything.

he's a Robin, but I thought Connor's story did a great job on SNL this week. Oh my god, that's my win. What's my win? You take it, you take it. Let's discuss it. Go ahead. Go ahead, take it. I feel that SNL thread, my win was SNL. I thought they thread the needle perfectly. This week, not every week. They honored the women's team, but at the same time,

“I think it's bullshit all the shit the men have taken. Yeah. I think for them to,”

wouldn't have been great. If you listened to the video, this was President Trump taking everyone back to the 50s and mocking women. That is not what we need. We need a more evolved sense of masculinity that celebrates great athletic performance. By the way, eight of 12 medals from the women, the goal, the overtime goal, in my opinion, one of the great moments in sports history of the women's hockey team, they third of the needle perfectly, because I do think the men got more

shit than they deserved. They got invaded by cash, but tell, let's win cash. That's exactly right, but that's right. What are they going to do? Are they going to do? I agree. Anyways, and if you listened to the tape, when Trump made those wildly sexist remarks, there were one or two men's hockey players saying, two for two, they were trying to acknowledge that both the men's and the women's team and SNL did a perfectly. They didn't virtue signal and say, "Yeah, women and

old, they have the women make the jokes and the men were there to take it." And they were fine

with it. They thread the needle perfectly. And it was critical that Connor's story was standing

in between them. I have to say he's such a likeable person and such a talented physical comedian, like his stripper who got in a car accident was so fucking funny. Like, I don't believe they pulled that one off. I have to say he is such a delightful. He's a delightful figure, both of them are. Antonia, season two, like scorching hot rivalry with the women's hockey team. Daddy's here for, yes, yes. And I thought the women handle it well. So well done. The writers at SNL are geniuses.

And you know who sucks cash, fucking Patel. Why are you invading these guys when? Like, as if

“you're reflected, fucking glory, you, you, you tabby loser, like forget it. Like, how dare you?”

That now I've focused the only on cash, Patel. I really am. I think he's just the worst. So my fail is I think this, this situation with anthropic, I think it has to be we're not in person today. We're literally the same person. I think they are bullies. I think they use Twitter as a way to attack people in a way that's really unprofessional. You can have differences.

And everyone's always grabbing for power and grabbing for money. I get it. It's gone on since

the beginning of time. But the way you're doing this is all about your insecure, shiledhood traumas that are being writ large on the rest of us. This is not professional. You do not have to like do this. And they do it as like keyboard warriors on Twitter. I got it. Texans America say it was who said you got the world is happening on Twitter. You could get to be back here. And I was like, I'm not going back to that Nazi porn bar that enjoys

making children sexual. I was like, the world is not happening on Twitter. The world is happening

“in the world. You guys, like you need to fucking get out of your own fucking way. You are, you are,”

you have to understand that what you're doing is damaging to most people. And that we don't want to hear about all your beefs and all your traumas and everything else. If anthropic doesn't want to do business with you, just let's move along. Let's just move along. And I'm sorry you're not as successful as Darryu Amode or smart in the old Michael, but you're going to have to live with it as

as being an anxious toady to the powerful. Stop it. Like that to me is the lost you go ahead.

Mine's exactly the same, but I'll look at it through a shareholder lens. I'm looking at a company called Mercado Libre, which is the Amazon of Argentina. And one of the reasons I'm looking at it is that effectively when the bricks were in Vogue, the price earnings multiple of certain Latin American markets was about 20. And it went down to eight, because all the flows went into U.S. tax stocks, which meant you could increase your earnings two and a half fold over 10 years

and your stock was flat. You can't outrun multiple contraction in a market as a stock and it all into the same auspices and market dynamics, Trump individual performance. At the same time, it's an almost impossible to be wrong when you have multiple expansion. It has been American investors, you know, we all think we're geniuses right now in our form of case. We have had multiple

it. We were 21 out of 23 markets last year on a dollar just a basis. Everyone else outperformed us.

“And one of the reasons, people don't realize we have just lost trillions of dollars when the”

pentagon starts picking winners and losers. If under all which makes weapons decides that, yeah, we're going to figure out we're going to use Silicon Valley ethos to help the defense department kill people and people freak out. Well, guess what? They're allowed to do that. It's not a legal. They're allowed to do that. When Palantir says we're going to work with a government of Israel to track down terrorists and kill them in their homes, that you may find that this tastes full.

It's legal. They're allowed to do it. And anthropic, when they decide, we don't want to provide

our services or data for what we feel is the surveilling the illegal surveillance of U.S. citizens. They too are allowed to do that. And when governments start playing political favorites and markets,

“the rule of law is no longer applied and your multiple on companies, your price earnings”

multiple, begins to contract. Freedom's and systemic laws and a separation between government in business results in higher price earnings multiples and greater increases in foreign case and your ability to retire earlier. And this bullshit pentagon stationary war on anthropic is going to cost U.S. investors trillions of dollars as people decide to go where they know who they're waking up next to that they can invest in a company. And they do the assessment based on

the laws at hand. Is this company succeeding or failing based on the current laws? And they don't have to try and guess what the one-off individual laws will be in a few months. So I have the same same way in the same fail. But I look at it as an investor. I'm now looking at markets. People get angry at that talker season in China or in the Gulf. They have a huge respect for the domain or the sovereignty of investors and having uniform laws that apply to everyone equally. And we are

now becoming that nation where we decide which companies win and lose and all that means is RPE we're about to experience multiple contraction which you cannot outrun. Not for long. Let me just say you feel it, Tint you feel it. And speaking of feeling it, that's got this it's been a great discussion. I have to say it was a little worried this morning. I was also tired but this has been a really great discussion about these things and disagreeing in a really

old civil way. But let me say it's going to continue because we're going where are we going Skype all the way on Sunday. This and unsubscribed big announcement full-time resources and by the way Sam, it's not going to be a good night for you. No, it's not going to be a good day. And guess which Sam we're talking about. 48 hours, you put care switch on an invite and 48 hours we sold out the

pentages at thousands of weeks. We sold it out and we want to thank Tain Danger for doing an amazing

job for us in Minneapolis. You're my favorite porn star. He's your favorite porn star and he's an amazing danger. And our staff who's working really hard, we sold out right away. We are coming in Minneapolis. We have special guests. We are very excited. And we will talk about the next move Scott Welles, God who's the president of Resistance and Subscribe. I'm just a helper. We want to hear from you, send us your questions about business, tech or whatever's on your mind. Go to nmymag.com/pivot

to submit a question for the show or call 85551 Pivot. Okay, that's the show. Thanks for listening to Pivot. Be sure to like and subscribe to our YouTube channel. We'll be back on Friday. . Support for the show comes from Odo. Running a business is hard enough, so why make it harder with it doesn't different apps that don't talk to each other. Introducing Odo, it's the only business software you'll ever need. It's an all-in-one fully integrated platform

that makes your work easier. CRM, accounting, inventory, e-commerce, and more. And the best part,

“Odo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands”

of businesses have made the switch. So why not you? Try Odo for free at odo.com. That's odo.com.