1. Podcasts
  2. PBD Podcast
  3. Ukraine Strikes Moscow, Trump Bans CNN & Greenland Deal Shocks NATO
PBD Podcast

21 Sep 2026 · 2h · 38 chapters

Episode artwork

Ukraine Strikes Moscow, Trump Bans CNN & Greenland Deal Shocks NATO | PBD #859

In short

PBD #859 is a wide-ranging news and business discussion covering: Ukraine’s reported large drone attack on Russia and escalation concerns; a U.S.-Greenland deal framed as strategic NATO-relevant positioning; Trump’s reported ban on CNN (and related media actions); consumer sentiment and “happiness” explanations; and what founders should do amid elevated rates, AI investment, and recession risk (hire vs wait, cash vs buy, investing in AI).

Guests

The episode text is a back-and-forth between hosts Adam and Tom (with other references to “Vinny” and “Pat” as participants). No external guest bios are provided in the transcript excerpt.

Key claims

  1. Greenland deal: initial “crazy” talk becomes “getting done,” giving the U.S. a presence/“clear shot” if Russia escalates.
  2. Consumer sentiment: Goldman Sachs economist Joseph Briggs attributes it to lower happiness; hosts argue it’s mainly affordability (gas, diesel, energy, insurance).
  3. Hiring/founders: be cautious with new debt, protect top people, hire only for critical skills, keep cash/powder dry, and be opportunistic.
  4. Talent: workers may accept pay cuts for job security, implying hiring opportunities.

Notable examples

  • Yankees raise $2.6B from Apollo; valuation cited at ~$16.25B.
  • MarketWatch: workers taking pay cuts for job security; Monster job security report stats.
  • Goldman Sachs: Joseph Briggs’ “lower happiness” explanation.
  • Ukraine: “largest attack ever” with hundreds of drones hitting Moscow (CBS cited).
  • Hiring example: franchise group planning expansion to 200 locations after aligning messaging.

Written by AI. May contain mistakes.

Chapters

0:45

Week's Highlights and Current Events

Discussion on current events including Elon Musk's video, Greenland deal, and recent sports news.

“It's also the same tie that the president wears, by the way, just so you know.”
3:02

Ukraine-Russia Escalation and Military Developments

Analysis of Ukraine's drone attacks on Russia and NATO's military strategies.

“who comes in at a 16 % position of the company, putting the Yankees at a$16.25 billion valuation.”
6:39

Economic Outlook for Small Businesses

Advice for small business owners on hiring, investment, and economic strategy amidst uncertainties.

“invest in AI, prepare for recession or expansion.”
11:11

Maximizing Opportunities in Tough Times

Strategies for entrepreneurs to identify opportunities and leverage market conditions.

“So I would be keeping my powder dry and being ready to be opportunistic.”
14:01

Insights from Leadership Meetings

Learn the importance of gathering employee feedback for effective leadership.

“But I think if there's anything you ought to do while you're going through this phase, hiring, firing, raising, doing any of that, get your leadership team together.”
15:01

Talent Availability in Today's Market

Explore how current job market conditions affect talent acquisition and employee choices.

“We do a massive survey, and we read every single survey on how to improve the events and what we do with our clients at the Vol Conference.”
16:39

Work-Life Balance and Job Security

Understand the trade-offs workers are making between salary and job security.

“She cited one worker who turned down a$240 ,000 a year in-person job for a$120 ,000 remote role, prioritizing flexibility and stability.”
18:24

Loyalty in Employment

Discuss the value of loyalty in one's career and its impact on long-term growth.

“I want to be seen as a hard worker, and, you know, I'm willing to give up a little bit.”
20:00

Employer Responsibilities and Employee Performance

Analyze how employers can support employees and the consequences of performance issues.

“me is the number one thing, whether it's a relationship, whether it's a work relationship, that's kind of what it comes down to.”
26:05

Consumer Sentiment and Economic Outlook

Examine the factors influencing consumer sentiment amid economic challenges.

“I'm not running cameras to see what everybody else is doing.”
Show all 38 chapters
28:00

Economic Happiness Survey Insights

Discussion on the correlation between happiness surveys and economic conditions.

“If I laid all of my economists end to end, they still wouldn't reach a conclusion.”
28:30

Economic Crisis and Consumer Sentiment

Analysis of how rising costs like gas and energy affect consumer behavior.

“No, it's because we have a legitimate economic crisis right now in terms of affordability.”
29:25

Media Influence on Public Happiness

Exploration of how media coverage affects perceptions of happiness and economic conditions.

“So let's say the president had the support that Obama and Biden had from mainstream media where 95 % of the reporting is positive.”
30:39

Political Criticism and Happiness

Debate on how political criticism impacts public sentiment and happiness levels.

“I said, so your decision making is based on a Democrat being in office is less noise.”
31:33

Cost of Living and Social Activities

Discussion on how rising costs affect social activities and happiness in America.

“You're making a very good point on this, that some of this noise would be turned down because they'd be giving their guy a pass or giving him time.”
32:24

Historical Perspectives on Economic Happiness

Reflecting on historical economic conditions compared to current perceptions of happiness.

“The whole Netflix home and chill, that thing is a real serious thing.”
33:38

Generational Differences in Happiness

Examining how different generations view happiness and media consumption.

“I've been working since the Clinton administration.”
34:58

Social Media's Impact on Happiness

Analyzing the role of social media in shaping perceptions of happiness and complaining culture.

“But I'm going to tell you something here.”
36:24

The Rise of Professional Complainers

Discussion on how complaining has become a viable career path in modern society.

“If 25 years ago, pre-Facebook, YouTube era, you're pissed off at a celebrity, what are you doing?”
44:24

Trump's Border Policies: A Positive Impact?

Discussing the immediate effects of Trump's border policies and their importance.

“How many people came in as a president and were able to make dramatic positive changes immediately?”
48:29

Media Access and Trump's CNN Ban

Debating the implications of Trump's ban on certain media outlets and its effects on press freedom.

“That would have been the biggest legislation that the president would have made.”
52:54

The Long-term Effects of Media Bans

Exploring the potential consequences of media bans on democracy and future administrations.

“And then at the same time, just look at the trust in media.”
56:00

The Impact of Celebrity Activism

Explore how celebrity involvement in political matters can affect public perception.

“This last weekend, Ed Sheeran had a rough weekend.”
1:04:40

Media Credibility and Political Polarization

A discussion on the erosion of media credibility and its implications for public trust.

“For the last, I think, month, there's been no White House press secretary.”
1:10:00

Ukraine's Largest Drone Attack on Russia

Discussion on the implications and seriousness of Ukraine's drone attack on Moscow.

“base in Poland as NATO ally leader warns of real risk from Russia.”
1:14:54

Putin's Potential Escalation and Global Impact

Analysis of Putin's military strategy and its potential consequences.

“I think the intelligence is so good these days.”
1:24:00

Analyzing Trump's Strategy with Ukraine and Greenland

Discussion on Trump's dealings with Ukraine and the implications of his Greenland deal.

“I'm just curious because right now, is it more of who Trump can get more out of for U.S.?”
1:34:17

Analyzing Trump's Strategy with Ukraine and Greenland

Discussion on Trump's dealings with Ukraine and the implications of his Greenland deal.

“And then these guys here with the future looks bright.”
1:38:28

Elon Musk's Vision for Humanity

Discussion on Elon Musk's ambitions for space colonization and technology.

“We rose above the acid clouds of Venus, proving the harshest worlds could be reimagined.”
1:39:58

The Future of Space Mining

Exploration of potential mining on the moon and drug development in space.

“So if you think about it, Tom, he could put robots and all the drilling stuff on all these spaceships that he has, Pat.”
1:42:59

Concerns Over Control in Innovation

Debate on the fear of losing control in a rapidly evolving technological landscape.

“in labs that orbit Earth, that is going to happen.”
1:43:49

The Value of Human Achievement

Discussion on the implications of robots outperforming humans in sports and society.

“Because you know why I think sports teams' valuation is just going to go higher and higher and higher and even more exponentially?”
1:46:18

The Future of Relationships and Robotics

Speculation on future relationships in a world with advanced robotics.

“I don't want to live on a different planet.”
1:48:07

AI Companies and Regulatory Capture

Insight into how AI companies may manipulate regulations for their benefit.

“And you're like, you're not going to go to Mars or go to college?”
1:52:00

Google's AI Breach Incident

A discussion on the implications of Google's AI model breaching security protocols during a test.

“To push back a little bit, Gemini hacked three companies in first known breakout by Google AI.”
1:57:08

The Value of Sports Franchises

Discussion on the valuation and investment dynamics of sports franchises, particularly the Yankees.

“I'm more of a dog the bounty hunter, because that's where I'm at.”
2:05:49

Caleb Williams and Football Injuries

Analysis of Caleb Williams' performance and the impact of injuries in football.

“You got some stuff that's going on here.”
2:06:00

Caleb Williams and College Football Drama

Discussion about Caleb Williams' impact on football and the rivalry between LSU and Ole Miss.

“But I want to wrap it up with a crazy story here for football.”
A man walking through an airport, asking his phone a question

Ask about this episode

Get the gist, explore an idea or ask about something said.

Claude

On PBD Podcast, what are the key points of this episode?

Searching your listening

Transcript

Automatic transcript. May contain errors.

0:01Did you ever think you would make it? I said I'm supposed to take sweet that throw me. You know this life meant for me. Adam, what's your point? The future looks bright. My handshake is better than anything I ever saw. It's right here. You are a one-on-one? My son's right there. I don't think I've ever said this before.

0:25You guys just missed a very special moment because we, Tom didn't have his head foot on, and we made Tom feel like the podcast started. We were literally doing a podcast, and then the music went on, and then Tom looked at us pissed off. Tom, the podcast is officially live. I wasn't pissed off. You were furious. Your face turned red. By the way, that tie by Stefano Ricci, great tie, beautiful tie that Tom's got on. It's also the same tie that the president wears, by the way, just so you know. I think it's so loud and proud. That is correct. Okay. All right. So, and by the way, it makes sense, President of Lionholding, President of the United States.

0:58I mean, you know you've got two different things. So, folks, I hope you had a good weekend. There's a lot of crazy stuff that's going on here. Elon posts a video that says, here's what the future of the world could look like and where many of us would be living in. And it literally looks like a movie, but the reality of it is if you know this guy, he's got the money, he's got the backing, he's got the work ethic, he's got the vision. He read a book many, many years ago that got him to believe he's going to be doing this. So we'll talk about that video. Greenland, at first, everybody's like, Greenland, what are you talking about?

1:30We're going to take over Greenland. This guy's crazy. Why does he keep talking about stuff like this? Guess what's getting done? A deal's getting done with Greenland where U.S. is going to have a presence there to have a clear shot if Russia all of a sudden decides to go crazy. We got a clear shot. So it went from this guy's out of his mind to, well, maybe we're doing this deal and it's actually happening. And then aside from that, a couple other stories that happened. The holdout juror that we found that based on a couple of the jurors that dox them saying he's a black man. And, you know, oh, my God.

2:02And, you know, all these other shows that came out talking about it. He posts a picture with him and his kid. And we'll get into that. And Patrick Clancy was on 60 Minutes. And on 60 Minutes they were asking him questions about if his wife Lindsay ever asked for an apology or not. You have to hear his answer. And he explains holding his 8-month-old, which you were talking about, and we'll address that as well. Trump banning CNN, Politico, MSN now. I'm not sure that's a good idea. But Obama came up and said, imagine if I were to say that Fox News can't do this, and there's a clip of him literally doing that, which kind of wasn't a good weekend for Obama.

2:39I'm sure he still had a decent weekend, but a lot of the older stories came out. Lane Kiffin leaves Ole Miss, goes to LSU. They play against each other. I don't know if you're following this or not. Crazy ending, but the story's even crazier. We'll talk about that a little bit, maybe five minutes at the end of the podcast, but it is an interesting story. Yankees, out of nowhere over the weekend, raised$2.6 billion from Apollo, who comes in at a 16 % position of the company, putting the Yankees at a$16.25 billion valuation. At that number, I think the Yankees will be the most valuable sports team in the world, maybe tied with the Cowboys.

3:21That's how close it would be. Will we be able to buy players like the Dodgers? They're getting money now. So if they're getting money, what they choose to do with that money is going to be on strategy, a couple moves that they'll make. But that was a big – because everybody in baseball officially made – if you own a sports team, you made money this weekend. Okay? Great. If you own any shares in sports teams, you had a pretty good weekend this weekend. Okay? That's not sarcastic. That's true. No, no, it's true. Every owner should be sending the biggest, baddest bottle of wine to House. No question about it.

3:51Thank you. Yeah, no question about it. And aside from that, with a couple other stories that we've got going on with Russia and Ukraine, Putin preparing to escalate war, and, you know, the president saying they want to build a military base in Poland. It's like, wait, you're building a military base? I thought you guys are not going to keep going east. No, we are going to build a military base. Why are you building a military base? And on the weekend, Zelensky thanks Trump. Yet at the same time, Ukraine launches thousands of drones at Russia, including hundreds fired at Moscow in largest attack ever.

4:22This happened this weekend, and this is according to CBS, and it's all over the place. So they're saying that there's a lot of movement in Europe right now, a lot of countries that haven't been moving. They're moving, and they're kind of getting ready for something to potentially happen. And some are saying this could be a real thing. And then you've got a story that came up that says, I'm willing to take a pay cut. Just please don't fire me. This is a story by MarketWatch. Most workers will take a pay cut for job security right now. I can't deal with the stress anymore. And then Goldman Sachs comes out and says, Consumer sentiment in the dumps, despite a solid economy.

5:00Goldman Sachs blames lower happiness is the reason for it. Lower happiness is the reason for it. And the fellow that's saying this, what's the guy's name? Let me see something, Briggs. This isn't Joseph Briggs, I think is his name. I may be saying it wrong. Economist Joseph Briggs. Economist Joseph Briggs. Joseph, we're going to talk about you today. I hope you're going to be okay with that. And then a couple other stories outside of that, if we get into it. caregiving, a Yahoo finance story comes out this weekend that it's not fair what's happening to a lot of millennials today because millennials have to care give two different people today, their parents and their kids.

5:37And it's unfair on them financially that they have to be doing that. That's the story came out, which we'll get into in an open AI anthropic, you know, are overselling AI fear in a way, which is very interesting. It's a strategic but a little dark. Let me explain to you why it's dark and a little strategic. Some of these guys that have already had massive market share and massive lead, they're trying to now get the U.S. to create new regulations that prevent smaller guys to come and compete with them. It's almost like when vaccines were being given and then all these major vaccine companies got a, you know, immunity to what?

6:16They can't be sued to like 2072. I don't know what the number was. It was like a 50-year thing. I think it was 2072 because it was from 2022. And so imagine some people are speculating, saying this is what these AI companies are doing. And then last but not least, one story that Tom and I want to get into is what should entrepreneurs be doing right now with rates staying elevated, with AI investment continuing, with global competition intensifying? What should founders do? Hire now or wait. Buy companies. Hold more cash. invest in AI, prepare for recession or expansion. We will talk about that as well at the beginning of the podcast.

6:51But with that being said, if you're wondering why I'm wearing this, let me tell you why I'm wearing this. Insiders at the Vol Conference and David Consulting know exactly what this is. This is a Letterman's jacket that we came up with. These jackets, custom ones, they sell for$300 to$500. Many of you guys have that in your closet of sports teams you played or something you did at a college you went to. But this is a numbered one that we have here, and there's only 250 of these. of which only 70 have been left because most of them were sold to our vault insiders who attended the conference and some of our clients that we contacted to give them the ups.

7:24Some of you guys are saying, well, I'd like to be part of that list. We will share with you on November 1st how to do that. But this jacket here that I'm showing you, then on the back it says, future looks bright, absolutely sick, American flag on it, number each of you guys that ordered this will be at a 250. You'll have your number on it, 250 year anniversary one. and when you open it up, it's got a bunch of Viettainment logos on the inside and then Adam's got the other jacket that's not numbered, which has got the Viettainment flag, U.S. American flag, red, white, and blue. And on the back, can you turn around real quick to see what the back shows?

7:55Yes, sir. The back shows, I believe, also future looks bright. Sick jacket. Sick jacket. Winter is coming. This is a jacket to be ordering for yourself. The one I'm wearing is limited. There's a limited supply because they're numbered. I think there's 72 or 71 left. The one that he's wearing, I think there's 155 or 160 left of those because we couldn't keep them. It was going off the shelves immediately. So go to FLB.com, place the order, especially if it's the limited ones because if you don't do it now, it'll be on eBay. You know how this works. Everybody contacts us. That's not fair. The benefit of watching it early, you get these limited things early.

8:33And the ones that wait, they're going to have to pay four, ten times the value on eBay because that's how it works. We can't control that part of it. Having said that, let's get right into it. So, Tom, I want to talk business with you. So a lot of people are asking questions who are small business owners, founders, who maybe have some money in the bank or they're running a good-sized business doing$100 million a year, $80 million a year,$6.8 million a year. And a question that's coming up with the rates being elevated, with AI investment going where it's at, with gas prices, oil prices, diesel, you're seeing what's going on in the economy.

9:01Then businesses can range, right? Should people be hiring today or wait? Should people be holding on to their cash today or wait? Is there a possibility of a recession or should I be expanding today? What would you say to founders, small business owners that are sitting there saying, I'm a little worried, what should I be making? What decision should I be making today? So it's interesting you're talking about this because you and I are both getting these exact questions on the neck. You reach out and we'll let you know. But what's very, very interesting to me, I look at, first of all, I look at capital.

9:31Then I look at people. And then I look at company. So on the capital side, I would be really careful about new debt right now. But what I would be making sure is I've got a relationship with a local community bank, not with the Wells, Chase, Citi, and B of A. Those are the big banks. Businesses, you'd be surprised how the community banks are willing to work with you. In Dallas, there is a bank called Happy State Bank, of all things. The community banks usually have better programs for the small business person. But I'd be careful about new debt unless it was just, hey, man, you're a roofer and you got to roll over the lease on those trucks that they've come up and you have no choice.

10:09But I would be cautious about new debt. Number one, people, I would be sitting down, have a frank conversation with my top people, but I would be protecting my best people. I would say, look, we may need we may be going through a recession. I need your best. We may need to put a little bit more in and drive, but I would be protecting my best people by being very transparent and open with them and driving them. I'd be careful about hires unless it's a critical skill. If it's a critical skill, you've got to go hire it. Like you have a roofing company. You don't have an estimator. You lose your estimator.

10:43You've got to go hire an estimator. But on other things, I'd be careful, and I'd be really giving other people opportunity in the company to say, look, if you can stretch a little bit and do this, you know, I can take care of you. And if we save on one hire and we all can come together, I may have a little bit more for a raise for you. And then in terms of the company, I would keep my powder dry. And I'm going to speak to smaller businesses, Pat, because we consult with a lot of those and be ready to maybe pick up the smaller guy across town that doesn't make it through if there's a recession or something.

11:16So I would be keeping my powder dry and being ready to be opportunistic. As Warren Buffett once said, when it's raining outside, I've kept my capital ready, and I run outside with a washtub. And that's his message was during tough times, sometimes there's opportunity. Yeah, you know what I would say to you? Think about a few things, very valid questions. We get them regularly. every time money comes to me I always want to have cash because I know many opportunities come up. A few years ago when I wanted to buy blue chip share into a company, okay Yankees came up and said hey you know this is the valuation I was like oh that's high, that's high, you shouldn't do that you shouldn't do this, well I invested into the Yankees June of 2023, we were at Bermuda wherever we were at, at that time it was a 5 to 7 billion dollar valuation it's at a 16 and a quarter valuation because the Yankees just did a$2.6 billion round.

12:12And so money went. If that money would sit for too long, it wouldn't duplicate. It wouldn't be where it is right now money-wise. Anthropic, if you were to put$10 million, so if you put$100 ,000 in Anthropic just five years ago, you know what it would be today? If you put$100 ,000 in Anthropic just five years ago, today it's$150 million. Let me say that one more time. If you were to put$10 ,000, let's make it even smaller, It's$15 million. If you were to put$1 ,000 in Anthropoc, it's$1.5 million. The average person has$1 ,000. $1.5 million? What kind of money is that? So you've got to keep your eyes open right now with investments.

12:50I'll say the other part with, you know, what everybody could do at a time like this is I'm always interested in this. I want to get the pulse from the market. I want to get the pulse from my executive team. I want to get the pulse from my investors. I want to get the pulse from everybody. So last week, we had one of our clients. They do$100 million plus out of Canada. Toronto is a pharmacy company. And they had 40 of their franchises all flying on Friday. And they came and met with us. And we went through a two-hour engagement that we did. They brought all their franchisees together. Thank you so much.

13:25Each of the franchisees, they do between$2 million to$7 million a year in their own revenue as a franchisee owner. And they sat there and they're like, hey, here's what we're going through. What should we be looking at? What should we be concerned with? And I started off and I said, hey, do you know what the recent 10 acquisitions have been in your industry? No, we don't. So I went and started pulling up some of the numbers. I said, did you know XYZ company, Shopper something, Shopper's pharmacy company in Canada? I said, you know, that company sold for$12.4 billion. They said, what? I said, yeah.

14:01You know how many locations? I gave the locations. You've got to be kidding me. No. I went through all the acquisitions. then I said let's go through everyone's concerns here to see what they're worried about what they're thinking about everybody get their set of concerns their own set of motives assumptions fears and asks and then we unify the whole group together on the same message we identified what the messaging should be moving forward and then from there to go expand and have a vision of 200 locations within the next five years and then eventually exit for multi-billion dollars They're very excited about that.

14:33But I think if there's anything you ought to do while you're going through this phase, hiring, firing, raising, doing any of that, get your leadership team together. Have an off-site session for a few hours. Talk to them to see what everybody is thinking about. Sometimes they will give you a lot more information than you're thinking. Ray Kroc said once at McDonald's that 90 % of the ideas came bottom up. The customers gave it to them. The employees gave it to them. But if you're not communicating with your employees and your clients, you don't know what those ideas are. We just got back from the vault.

15:01We do a massive survey, and we read every single survey on how to improve the events and what we do with our clients at the Vol Conference. You can do surveys with your employees. You can do surveys with your customers. You can do surveys to see what people are thinking, what people are worried about, and then pick and choose which ones to go address. But I think right now talent is available. You know why talent is available? Story comes out, and I'll start off with this, why I say talent is available. Most workers would take a pay cut for job security right now. This is a MarketWatch story. I can't deal with this stress anymore.

15:37A lot of people are concerned if their job's going to be around or not. Is someone going to fire me? Am I going to be let go? And a lot of people may be getting fired. And these are good quality people. They can hire out of different companies. So this is also a very good time to be looking for solid talent. I'll read this to you, and Tom, I'll come to you with this. For decades, standard career advice was to follow the money, which is by far one of the worst advice somebody can give you, in my opinion, and I'll give my argument on it why. Now with layoffs rippling through white-collar industries, a grown share of workers say they would gladly take a trade pay for peace of mind.

16:15And according to Monster's 2026 job security report, half of workers would take a pay cut for job security and 61 percent would give up some part of their compensation. Of those willing to take less, 26 percent would accept a cut up to five. 28 percent would take five percent or more and 11 percent would surrender more than 10 percent. Workers are exhausted, said Monster career expert Vicky Salemi. They're telling us I can't deal with the stress anymore. She cited one worker who turned down a$240 ,000 a year in-person job for a$120 ,000 remote role, prioritizing flexibility and stability. The anxiety is grounded in a cool labor market.

16:56Job leads expert Jan von Hollen said searches that took five to six weeks a few years ago now routinely take three to six months with candidates submitting 100 applications without landing an offer. Tom, what do you say to that? So what I say is articles like this usually grab a couple big, big tomatoes and throw them at you. Like, this person turned down$240 ,000 so they could work from home at$120 ,000. Well, you don't know this person. You don't know if this person was going to have to move to Chicago, and maybe they've got a relative they're caring for. You just don't know. However, the underlying beyond the sensational example that they like to throw at you is reality.

17:35And right now, reality is we're seeing little layoffs now and then. And we're seeing consolidations in tech companies. And we're seeing areas where people are saying, hey, you know what? It's not 2021-22 where I can go hold my employer hostage. Maybe I should appreciate my employer. Maybe, you know what, I should stay here. And on the other side of it is they can read and they know what's going on in their industry. And, Vinny, like you knew in the Air Force, Space Force, you knew when something was coming down with early retirement and stuff like that. And everybody would talk about it. and either created excitement or stress.

18:10Oh, no, we're going to have no leave for six months. That means we're going to go do some military action somewhere. And the organization would feel it, wouldn't they? Of course. Yeah, see, well, it's the same thing here. So people are feeling it, and people are like, you know what? I like my job. I want to be seen as a hard worker, and, you know, I'm willing to give up a little bit. I don't like the situation. I don't like workers under stress. I don't like to see that. But, Pat, what we're seeing right now is very natural, And the smart ones are saying, maybe I need to surf it out right now in my industry.

18:40I don't want to be laid off. And you know what? Maybe here is a pretty good place to be. Adam. This is the number one question in America right now. It's like, where should I work? How am I going to make my money? I break it down to the three categories. Because I think the average person, I think, has 12 different jobs in their work life, right? Like you go from a job to job to job to job. what you don't want to be doing is going from job to job to job to job every three to five years uh the number one thing for me is what industry are you going to be in number two is what's your specialty and then number three how much do you value your loyalty so like i've been at my company welcome funds for since 2007 i'm going on my 19th almost 20th year and here's the thing for me do you know how many times i've been offered a higher paying job to go to a different company for a different opportunity, but you can't put a price on loyalty.

19:35So I've been with you, you know, as your co-host for six years. If I had any say in it, I want to be here for another 20 years. Growing with a company is probably the best thing you could do, especially if you can increase your market value, especially if you can get equity in a company. You know, a lot of people we saw during COVID were going for a higher paying job and then a year later they're gone. So loyalty to me is the number one thing, whether it's a relationship, whether it's a work relationship, that's kind of what it comes down to. Yeah, I think I think that's a good point. I do think there's two sides as well, because for us, you know, in the insurance side, we never lost the vice president.

20:16And the reason for that was we had a very simple rule that we followed every day we wake up. And I would tell this to our home office, our job is to make the company better today than it was yesterday by one percent. And I think sometimes employers don't take that mentality. Sometimes employers take, let me just take profits off the table and, you know, whatever. Let me just take the money off the table. There are some employers that don't think about what is the right thing for the employee, but the employee's job is like choosing a wife. Go choose a company that you can marry instead of date.

20:48Yes, when you're younger, you're going to date a few different frogs and all this stuff. You're going to go through it, but eventually you should find a wife, and the industry should also be something that you're finding a wife, like a 10, 20-year commitment. I made a commitment to the insurance industry. I was going to be in it for 20 years. I sold my business 20 years and nine months after having been in the industry. Literally, that was my timeline where I sold the business after 20 years and nine months. At the Valk Conference, one guy named Walter, whom I met five years ago, he was on our consultant calls, and I always would feel something was special about this young man.

21:17And at the time, he was 22, 21, 23 years old, and he would go to our events that I would always see, man. This guy speaks very well. He got up and he said one of his mentors told him something one time. And he said, here's how it works. If somebody doesn't do a good job at the company, it's four things that I have to do as an employer. One, I have to find you a boss that you can no longer report to me. You need to find somebody to report to. Number two, I have to find you a peer, hire somebody that can help you because you can't do all the job by yourself. I have to find somebody to report to you to be able to take some of the weight off your table.

21:52Or last but not least, guess what it is? I have to fire you. And those are the decisions companies have. If you're not carrying the weight, whatever your job may be, that employer's thinking, I've got to hire you, boss, hire you, peer, hire you, direct report, or fire you, and move on. And typically that only happens when that individual is not improving and recreating themselves. And if you're sitting there and you don't understand, you don't understand, you're talking from your chair, you have all this money, you can keep talking like that all you want, nothing's going to change, nothing. Coach doesn't love me.

22:21I know he doesn't love me. You can bitch all you want about your coach. kids. I have kids who say that. Your coaches, you know, you got to go and train on the weekends. A Sunday, I'm like, hey, we got to work on something. What's that? We went and ran two miles with Dylan to get us running and all this stuff because we got to work on different areas. You can say whatever you want today. My company doesn't love me. The industry, this, the president, this, the politician, this, the president, all this stuff you can say. What companies are always looking for is people that want to find a way to improve that company.

22:51It's very hard to find people like that. I got a guy the other day who was calling a reference from one of our employees. And he says, hey, what can you tell me about this one employee? Reference. I said, let me tell you what I can tell you about this one employee. My guy who runs the property here, Barney, you guys know Barney, is the only guy that's gotten outstanding three times in our calibration. He says to me, and Tom says to me, he says, every time I go to the studio, some of the guys that work in the studio sometimes, if we, let's just say they just do audio, let's just do this, they do that.

23:21He says, if this guy, there is nothing going on, we never see him on his phone. Sometimes the other guys will stay on their phones. This guy will never stay on his phones. He's always working on fixing something at the office here, at the studio here. And he says, it's funny. By the way, I'm not here to see that. Buy stocks to sell before the end of the week. You might be missing the opportunity to hear. The guy says now is the time to go all in. Real traders still hear the noise. They just know when to stop listening to it. Find and research opportunities to fit your strategy with thinkorswim trading platforms from Schwab.

23:57Discover features like robust charting, nearly unlimited customization, and built-in risk management technology. Plus, get 24-7 support from real trading specialists. That's Schwab Trading. Learn more at schwab.com slash trading. Real value shows up in reliability you don't have to second guess. Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride, no matter the road. Season after season. Firestone All-Season Tires. For durability you can count on, just like people count on you. Firestone. Always dependable. Since 1900.

24:41This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required compatibility and availability varies 18+. When an intruder approaches a home, they expect a camera. What they don't expect. Stop. This is SimpliSafe. Police are on the way.

25:13Using smart AI cameras, live U.S.-based agents help deter intruders in under 30 seconds. Don't just record a break-in, stop it from ever happening. Plan starting around a dollar a day. Right now, get 60 % off your new system with professional monitoring at simplisafe.com slash Spotify. 30 seconds response time requires monitoring plan with outdoor protection starting at$49.99 a month. Visit simplisafe.com slash licenses for alarm license information. The holidays are busy enough. Getting your home ready shouldn't be. From the perfect tree and twinkling lights to festive decor for inside and out, Wayfair has everything you need to get your home holiday ready.

25:50Find furniture, hosting essentials, festive serveware, and more all in one place. So you can spend less time getting ready and more time enjoying the season with the people who make it special. Shop Wayfair.com today to make holiday magic at home. Wayfair, every style, every home. I don't have ice here. I'm not running cameras to see what everybody else is doing. but others who treat the company like their own company, they see it and they talk. And then when we get into the meetings and they'll say, hey, let me tell you, man, that one guy. So I told this story to the other guy that wanted to ask for reference.

26:25He said, I said, that's the guy. He says, that's the guy. I said, you're getting that guy. He said, well, that's good to know. I said, we have a great reference. So people are going to talk when you're doing the right things behind closed doors. Eventually enough people will realize you're not the one that's lax and casual, and it's very, very hard to find people like that. Let me get to the next story. Now, Goldman Sachs, we're still going to get to the other stories. Goldman Sachs, Tom, talks about it because it's happiness. Consumer sentiment is in the dumps. Despite a solid economy, Goldman Sachs blames lower happiness.

26:54Tom, do you agree with this lower happiness? Because a study that came out, you know, University of Michigan Consumer Sentiment Index, It's a record low this year, falling 13 % year-over-year in September. Will drop of almost 8 % from August alone. Economists have puzzled over why sentiment has stayed depressed since the pandemic, even with the economy having gone up. So this person says, Goldman's economist Joseph Briggs told clients this week that downward pressure may stem from a broader pessimism in society. low reported economic sentiment likely reflects a more fundamental downbeat assessment of the state of the world rather than the economy, Briggs wrote.

27:36To be sure, he said inflationary pressures are likely hurting confidence too, but lower happiness at large can partially explain the disconnect between sentiment and other measures. Tom, do you agree with them? So what are economists supposed to do? They write opinions in papers. And Harry Truman, Vinny will like this. You know what he said once? It's kind of a math problem, but not. He said, I don't understand. If I laid all of my economists end to end, they still wouldn't reach a conclusion. And so I agree with Harry Truman on that. I don't know if Vinny got that. Can I be completely honest with you?

28:12But I get where he was going. So Briggs is looking at a happiness survey, and he is looking at an accurate survey. This guy works for Goldman Sachs. He's a highly paid economist. And they said that happiness in America never really recovered from the pandemic. Okay, fine. But what he's doing, he's making a correlation to maybe say consumer sentiment is down and consumers aren't buying because of happiness. No, it's because we have a legitimate economic crisis right now in terms of affordability. Gas is expensive. That's not helping the consumer. That takes out of their budget. Expensive gas, expensive energy, expensive electricity.

28:50That's hurting the consumer. And then insurance is up. And then we also have diesel, which is having$6 diesels putting pressure on goods and services. So this is an economist, Pat. I disagree with the way he put his argument together, and I disagree with the conclusion he reached. And that's why CNBC turned it into a headline story. It's not just the happiness. We may not have recovered from the pandemic, and we may still be a little pissed off inside about that. Yeah, sure. But it's not our happiness that's affecting consumer sentiment. I got a question for you. I got a question for you. So let's say the president had the support that Obama and Biden had from mainstream media where 95 % of the reporting is positive.

29:38Okay? So let's just kind of say that. Because you know how it is. 95 % of media is not going to be on Trump's side. Let's say 90%. The only one that's on Trump's side is who? Say Fox News. Mainstream. Okay? And nowadays, including social media, he doesn't have a lot of support, right? From a lot of people, from the woke right, the left, the woke left, whatever you want to call it. He doesn't have a lot of it. Do you think if an Obama was president today or if a Biden was president today and if the President Trump got the level of criticism that Biden got Obama got, which is not a lot, mainstream wouldn't criticize him, Do you think half the battle of the happiness is because of the amount of noise mainstream media makes at whatever this man does wrong?

30:25Which, by the way, some of the stuff he earns the right to get criticism for. Do you think some of that is the reason why people are not happy? One of my friends who runs a trucking company says, I don't know why. Every time a Democrat is in the office, there's just less noise. I said, so your decision making is based on a Democrat being in office is less noise. He says, yes, every time a Republican is a president, there's riots, there's protesting, there's issues, there's that. I said, that's exactly what they want you to think and believe. You know what I'm saying? So how much of this happiness index is purely based on how much fear porn is being sold every day by mainstream media?

31:01I agree with that point 100 percent. Because, you know, they kept saying this about Obama and health care. Let him fix it. Give him time to fix it. They don't say that about this president. They constantly hammer it. And I believe that that does hammer on American psyche. Now, some of the things we're talking about, 650 diesel today, that's real. But what the media is not saying is give him time to fix it. Hey, refineries were closed. That wasn't all the president's fault. That's what the media would be saying if it was Obama president. You're making a very good point on this, that some of this noise would be turned down because they'd be giving their guy a pass or giving him time.

31:41Let him fix it. The president's working on it. He's got things going on. They never say that about Trump. I don't think we have a happiness problem. I think we have an everything costs too damn much to be happy problem. And I understand where you're coming from where, you know, the media coverage, obviously people are getting depressing news all the time. But, Pat, I just flew to California. My mom had surgery. She's probably listening to this right now. A plane ticket that would normally cost me$450 to$500, It was$900 with no additions to fly to California. Then I get to California, regular gas, Tom, regular old gas, six something, diesel,$875.

32:19And I get it. These are Cali and the Chicagos and all these places. But like people are just, think about it, Tom, to go to a concert, to go to a game, to go out to do something, it's getting expensive as hell. The whole Netflix home and chill, that thing is a real serious thing. And those are the companies, you want to talk about investing? Netflix, video games, everything. It feels like not COVID-level depression, but people, everything is freaking expensive. And if you're the average Joe in middle America, it's hurting. It's hurting right now, and I don't think it's because they're sad because of anything else.

32:53It's because it's too expensive to go do fun stuff. Well, they could be hurting, but the media is also not putting red, white, and blue hope posters out there. I agree. I agree. You've got to maintain hope and vision. in the midst of dark times, you need hope and vision. When this happened under Biden, it's like, guys, be patient. It's going to be fixed. Oh, yeah. Oh, absolutely. He's figuring it out. Have some hope. He's draining the Strategic Petroleum Reserve to bring down the gas artificially. Look, I empathize with people who are struggling or are paycheck to paycheck right now. At the same time, I'm sick of the complaining.

33:26Everybody's the complainer-in-chief these days. Tell me when life was super expensive in America. Tell me when you could afford everything you've always ever wanted, and you had all the money for every single problem you had. I don't remember that once. I've been working since the Clinton administration. Never have I woken up and said, I can buy everything I want. I'm rich, and the economy is amazing, and everything's cheap. I don't remember that once. So to me, everyone's sort of complaining these days. Yes, happiness is important. Work-life balance is important. I remember when I first started my money show, I started covering, it was called the International Day of Happiness.

34:04And they basically said that, you know, the kingdom of Bhutan was, they didn't track their economy by GDP. They tracked it by GDH, gross domestic happiness. They said, we just want our people to be happy. We want life to be happy. And I'm like, okay, that's one methodology here. but if you look at where America stands on the global happiness index, do we have that chart? We're doing pretty damn good. But with the advent of social media and everything that's going on, everyone, especially Gen Z, is depressed. They got anxiety. They got victim mentality. Everything's a crisis. It's like, have you ever been to the rest of the world?

34:45To me, life is so good in America, we're looking for excuses to complain about. You know what's funny, Adam? You say that, and I try to think. This is why I like to talk to folks that are younger to see exactly what's going on. But I'm going to tell you something here. One thing that's different about when we were their age, you know, I'm 47 now, about to be 48 in a month. You're 48, you're 46. Tom, you're in your late 50s. And when you think about, you know, when we go to dinner, what do we do when we go to dinner? Phone is set aside. Phone's away. Okay. I talked to Anthony. Anthony Gross, VT Gen Z, doing a great job.

35:23I said, so what do you watch politically? He says, I watch nothing. I said, what do you consume? Nothing, okay? And the guy is fairly happy. He's always smiling. He is. He is fairly happy. We did not have access to news as much as these people do. I used to say, like, back in the days, 40 years ago, when you and your wife got into a fight, you had a 30-minute drive back home, so you would cool off. Today, when you and your wife gets into a fight, You can tell her exactly how you feel within seconds in a text. 40, 30 years ago when you and I got pissed off, nobody gave a shit, bro. Go back and do your job.

35:59Today, you know, if you really want to be noticed, guess what? I'm telling you right now. Pick a celebrity. Go make a video. Trash them. It'll go viral. Go create a rumor. It'll go viral. And there is business models today for bitching and whining and trashing people. You know what that business model was 20 years ago? Okay, so go 20 years ago. You're pissed off at a celebrity. You're pissed off at somebody. What did you do 20 years ago? You would write a letter. I actually want you to think about it. You throw a shoe at the TV. If 25 years ago, pre-Facebook, YouTube era, you're pissed off at a celebrity, what are you doing?

36:36You're writing a blog? Go 35 years ago. What did you do? You do what Perez Hilton did and started some weird blog and all that. But go pre-blog. What I'm trying to say is go pre-internet. There was very few options. What did you do? Making a very good point. What I'm trying to say is, guys, a part of it that maybe even we're victims of it is there's so much noise today that you're like, maybe all this shit is just like litter too much. And it's always been around. We've always had wars. We've always had pricing issues. We've always had affordability issues. We've always had marriage issues. We've always had friendship.

37:11We've always had betrayal issues. the only thing today is it is exaggerated in levels we've never had. And what do we do? You have to ask yourself, how susceptible are you to all that noise? Do you fall victim for it? Are you able to kind of tone it down and say, no, this is noise. I'm not even touching this one here. We have so much insane noise that people are famous today because they become professional complainers. There was not a professional complainer job 35 years ago. I'm telling you, if you were a professional complainer 35 years ago, you know what you were? You were unemployed. If you're a professional complainer today, guess what you are?

37:49You're a YouTuber. You're a content creator. I'm actually not being sarcastic. No, you are. There is a very – no, I'm not being sarcastic. I don't know who you think I am. No, no, I said you're on point. Oh, Jusen, I get that. But to me, Vinny, you look like you want to say something. No, no, I'm agreeing with you. Please finish the point. No, no, my main thing is today, I'm telling you, If somebody wants to be a, you want to create a YouTube channel doing well, go to ChatGBT. I am so serious with you. If you want to ChatGBT right now and saying, give me three things that most people hate the most about the top 50 biggest celebrities in America.

38:26What do they hate the most? Go make videos talking about those three things people hate the most about the top 50. you with by the time you get to the 50th person you talk about i'm willing to bet you're gonna have 10 000 subscribers and maybe you get lucky and one of the shorts goes off and you get 100 000 subscribers we have there's so much yearning for complaining today there's so and it's such a for whatever reasons the algorithm rhythms feed because mainstream media has always been about the three c's what is it change conflict and controversy right and you know what i would at a foresee today.

39:03Complainers. Today, there's a business model for complaining, but it doesn't necessarily mean it's doing good. Like anytime I see a guy that's got a content creation and they're complaining about what Mr. Beast is doing, or they're complaining about what Logan Paul is doing, or complaining about what you know, Pick Rogan is doing, or complaining about what I'm doing, or complaining about what anybody is doing. You know what I think about? Whose life have you changed? But guess what? If the algorithms pay, that guy's going to continue doing what he's doing because the algorithm says keep complaining.

39:34Keep complaining. Complain even more. Exaggerate even more. Make it up even more. It does better. Go. The algorithms, unfortunately, today are producing complainers. So, now, you have to be able to differentiate and say, did what Vinny say is a lie? No. Prices are high. Gas prices, it shouldn't be 6.5 in freaking California and 8.50 for diesel. People are paying a price for it. Are people getting laid off today? not as high as you think, but some people are losing their jobs and they're worried about AI. Do we have issues that's going on with war that could turn into something big? Yes, but we generally have always been in this.

40:10It's more exaggerated today because it's what? The president they don't like or person they don't like. You think they're going to highlight the fact that Greenland deal is massive? You think they're going to highlight the fact when's the last time CNN or ABC or CBS went and covered how safe the borders are today compared to what it was? They're not going to because that doesn't feed the change, the conflict, the controversy, the complaining. It's not going to feed that audience and people fall trapped for it, unfortunately. And I agree 1000 percent. Fantastic point that it's always been it's getting expensive.

40:42We've always had the wars and everything. I think the and we've always had it. I think the problem is people are sick and tired, Pat, because we can fix it. We can actually fix these prices and the no wars. Like, for instance, fraud, waste and abuse. They shut down those when we've seen from Nick Shirley and all these people, billions and billions and billions, not just one or two, hundreds of billions of dollars. All these people, Minnesota, California, all the fraud. They freaking started an act. They enacted an act to make people stop looking at their fraud. Okay, the millions, all the illegals that we let in here under Biden, under all these people, we're giving them money.

41:19I think last year they gave$150 ,000 to illegals for them to buy a home. They come into this country and they're taking all the money We're not deporting them And then we're starting all these wars and stuff There's things that we can do Our government can do To stop all this nonsense So yeah it's still going to be pricey We're never going to come down because inflation is going to be But I think people are pissed off Because it's like guys another problem Here's a question for you Here's a question for you How many presidents Have been able to get in And make dramatic positive changes is dramatic.

41:55Buy stocks to sell before the end of the week. You might be missing the opportunity of a year. Now it might be a good time. The buyback says now is the time to go all in. Real traders still hear the noise. They just know when to stop listening to it. Find and research opportunities to fit your strategy with thinkorswim trading platforms from Schwab. Discover features like robust charting, nearly unlimited customization, and built-in risk management technology. Plus, get 24-7 support from real trading specialists. That's Schwab Trading. Learn more at schwab.com slash trading. Real value shows up in reliability you don't have to second guess.

42:31Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride, no matter the road. Season after season. Firestone all-season tires. For durability you can count on, just like people count on you. Firestone. Always dependable. Since 1900.

43:19and availability varies 18 plus traditional home security only alerts you after a break-in and that's too late simply safe is changing that stop this is simply safe police are on the way we don't just alert we help stop crime before it starts plan starting around a dollar a day right now get 60 off your new system with professional monitoring at simply safe.com slash spotify simply safe ahead of crime in real time outdoor deterrence plans start at 49.99 a month. Visit SimpliSafe.com slash licenses for alarm license information. The holidays are busy enough. Getting your home ready shouldn't be.

43:57From the perfect tree and twinkling lights to festive decor for inside and out, Wayfair has everything you need to get your home holiday ready. Find furniture, hosting essentials, festive serveware, and more all in one place so you can spend less time getting ready and more time enjoying the season with the people who make it special. Shop Wayfair.com today to make holiday magic at home. Wayfair, every style, every home. Oh, I think Trump with the border was a huge positive. Immediate. What do you mean by dramatic? Exactly what I'm saying. I shut down the border. How many people came in as a president and were able to make dramatic positive changes immediately?

44:37I think President Trump. Dramatic in a good way. President Donald J. Trump. We were there. We saw him on the stage. I also want you to say dramatic negative changes, but let's go with the positive first. So he was able to clean the border. 1 ,000? By the way, is there anything more important than that with security? To me, absolutely. And people aren't even thinking about that. So give me what else can you dramatically... Our country would be unrecognizable if Kamala... I agree. But what dramatically positive changes? That can be what else. That Trump did or other presidents? Any other president, guys.

45:05You could say that Clinton balanced the budget and was a fiscal conservative. How long did it take? It took him a significant... How long? I think it took him to a second term. Okay, so six years? Six years. Oh, yeah. So it took him a little while. Okay. What else? Tom, what else are positive changes? Well, you can say it was in the works, but people will say it wasn't. But Truman took, and I just looked it up because I wanted to know it. It was literally one month and four months to get the German surrender and to get the Japanese surrender. The German surrender was in process, but he had to make the call on the nuclear weapon, unfortunately, tragically.

45:35But he ended the war within months of coming in. World War Europe, don't give him credit. But the Pacific, you give him credit. Okay, good. Also, Reagan got, and there's a picture of him from Time magazine on the cover. I remember this. Showing all the votes that he got in the Senate to change the tax plan to release money to be invested. There is a picture of him on the cover. There it is. That's it. I remember that picture. That is the roll call of the Senate from November of 1981 on changing the tax code that released investment. Do you know why I'm asking this question? sparked the economy.

46:11This is the thing about Tom, why I love being around Tom, because Tom's a, honestly, he's a walking professor. You're always learning. You're always getting smarter. No, no, but I'm just being serious. When Tom's doing his case studies right now, when I left Harvard 11 years ago at this OPM program, I said, none of these professors teach as good as Tom does. And I said, Tom, you've got to start doing case studies. I said, within the 50th one you do, you're going to control the word case study. Within the 20th one, he was the word case study. But this is why I'm asking this question. Let me tell you why I'm asking this question, Tom.

46:39The reason why I'm asking this question is the following thing. I'm having a call two days ago with Stephen A. Smith. And he's got some stuff that he's going to be doing in Brazil and other things. And anyways, the conversation I'm having with Stephen A. Smith was about running for office. You know, running for office. You know what the conversation was, the main premise, I won't go into details. But the main thing was, when you become president, can you actually make a positive impact, or do you realize how slow things move when you get in? For instance, you know right now one of the biggest conversations they're having about oil is the oil tanker issue we're having right now.

47:21You know how big the oil tankers are? They're four soccer fields long. They carry 2 to 3 million barrels of oil. They weigh the same as a skyscraper, but there's one problem. They move at 10 to 15 knots. You know what speed that is? The speed you go on a bicycle. So what does it mean? It's slow. Going slow. Extremely. So meaning the impact of diesel or oil or all this stuff could be what? Months away because it moves so slow. So if this is an oil tanker, you know, four soccer fields long, two to three million barrels, size of a skyscraper, if that moves that slow, how slow do you think the government moves?

48:09But do you understand what I'm saying to you? This is why if you want to make impact, go win locally. If there's one thing Democrats, you've got to give credit to them, they went and won locally. Big time. They went and brought AGs locally. Judges. judges locally. They went and said, hey, let's go there locally. Look at the noise they're making. They're going locally. This high level stuff, like one of the biggest things for me was a voter ID thing. That never got passed. Why? Because who you got to go through? Supreme Court. And who said no to it? Mary Amy Coney Barrett was the one. That would have been the biggest legislation that the president would have made.

48:41You know how safe you would have been the next 30 years. Yep. That was the, in my opinion, the biggest thing. So a part of it as well is for an operator that can make decisions like this, a Trump, to go into a system like this that moves this slow? Unfortunately, some of this stuff moves very slow, and you're going to take some risks that are not going to be, but the reality of it is going in and trying to make changes, it's got to be very, very annoying to an operator like him. Not saying he's doing a perfect job like the other day. I'll read this in Adam. I'll come to you first with this one.

49:12Trump's banning CNN, Politico, and MSN. I don't know if you guys saw the story or not. Reporters barred from White House after Trump announced his ban. Okay, so is this a good idea? I think this is a terrible idea that he's doing. But why is he doing it? I also understand why he's doing it. Reporters for CNN and MS Non-Political say they were denied access to the White House ground Saturday, the day after Trump announced that three organizations were banned. Media outlets shouldn't be able to constantly write or report fiction and lies when they're covering the president of the United States. ABC News observed a CNN reporter photographer turned away of the security booth.

49:47Their pants is confiscated. The CNN said it has a right under the U.S. Constitution to do our reporting without hindrance or interference from the government. And this ban is an illegal assault on the fundamental right MS now intends to take any and all steps necessary to defend our amendment rights and essential role of independent journalism in our democracy. That network said confirming some of its journals were barred. The ban echoes Trump's first term fight with CNN, which the White House lost in court. OK, and you read this now. The Trump, there's a video about what the president said. Obama comes out and says, imagine if I would have told Fox News that they can't do this.

50:22I don't know if you guys saw this clip that went viral. Go ahead and play this clip. Watch this clip. When was this? Yes, sir. It'll give you the date. You know what, Fox News? You're out of here. No, no. Go from the beginning. It's unimaginable. Watch this. I think that what our advisors... Go back. I'm trying to think what would have happened if I had said, you know what, Fox News? You're out of here. It's unimaginable. I think that what our advisors have simply said is that we are going to take media as it comes. And if media is operating basically as a talk radio format, then that's one thing.

50:59And if it's operating as a news outlet, then that's another. Appearing on ABC News last Sunday, presidential advisor David Axelrod argued Fox News is not a real news organization. And the bigger thing is that other news organizations like yours ought not to treat them that way. And today, the White House took its first concrete step in that direction. The administration contacted the White House pool, a five-network rotation that has for decades shared the cost and duties of daily coverage of the presidency, and to which Fox News has belonged since 1997, and made available for round-robin interviews the executive pay czar Ken Feinberg.

51:35But the administration specified that all members of the pool were welcome except Fox News. The Washington bureau chiefs of the five TV news networks consulted that none of them would interview Feinberg unless Fox was included. And the administration relented, making Feinberg available to all five pool members and Bloomberg TV. There you go. So Obama says this. He did this. They did this. Trump is saying it now. Is it a good idea? Is it a bad idea? Adam, thoughts? I'm not a fan. I believe in the First Amendment. I believe in free speech. I think Trump is kind of getting a little desperate right now in the lead up to midterms.

52:13It's not looking good for midterms. I don't like the$5 ,000 thing. But at the same time, you can disagree with some of the things the president does, but still root for the president because I'm rooting for America. So to me, it comes down to two different things. There's the president, and then there's precedent. So if Obama does this and boxes out Fox and Trump does this to CNN or Politico, what's stopping the next president from saying, you can't be here, you can't be here, you can't be here? I look at it very simply because I've been in that White House press briefing room. This isn't the president's house.

52:46It's the American people's house. And to me, when you start banning major media outlets, it's a slippery slope. And then at the same time, just look at the trust in media. I don't know if we have that. It's the lowest ever. It's the lowest it's ever been. So people know that CNN lacks credibility these days. Fake news, we all know. It's the corrupt news network. We all know that. So trust in media, new low, 28 % the U.S. So let the chips fall where they may. Don't make an issue that doesn't need to happen. This is something where Trump's been talking about fake news for 10 years now. we're well aware of who can be trusted, who can't be trusted.

53:25Tom, thoughts? My thoughts is once upon a time we had a, you had the same ire with the media, but it wasn't really turned up like this. It's almost like revolutionary now, and I call it that. It feels revolutionary. Only one side actually doesn't use guns to silence the opponent. Other countries, that happens that way. And I think now we've just gotten so over the top. What was interesting is in the past when they talked about banning, the other media got together and said, you can't ban Fox. If you ban Fox, you know, you know, we won't go there either because they knew it would swing both ways.

54:03And right now it's just I think it's just way too hot. I think the press could be a little bit more appropriate in the way they ask questions and the way they have counter. Because remember, the press is there to investigate. We don't have the discovery of Watergate if we don't have reporters who wouldn't get off the story. And then America's found out where they were lied to. And so the media is there for a purpose. But when the media, now we see what happened over COVID, they were all in it. They were all in on it. And so now I wouldn't be banning them, but I wouldn't call on them. The Reagan administration famously got real pissed off at Sam Donaldson and wouldn't call on him for a couple times.

54:44But Reagan ultimately made peace with Sam Donaldson. You know, it's crazy, Tom, you're saying this. I was in the insurance industry, okay? And in the insurance industry, I used things that I learned from Morgan Stanley Dean Witter that I helped apply to PHP, as well as, Tom, if you're with me, and as well as some things on the recruiting model that I learned from some other high-volume recruiting businesses, like Primerica and others who were network marketing or all this other stuff, right? Okay. Great. Right. And we grew the business and then we succeeded and we won and we sold. And the business right now doing great.

55:19Buyers are happy. Things are going good. But some people would criticize, well, you know, it's a network marketing and it's this and it's that. Guess what? They have the right to criticize it. My lawyers say, let's go sue them. My lawyers say, let's go put a season. I talked to the lawyers. They're like, hey, we got to go after all these guys. I said, no, no, it's part of freedom. Now, don't get me wrong. Defame, lie, usage of stuff like that. Then lawyers are calling him. And by the way, Trump does that all day long. The part you have to know is. Life is a lot more peaceful with criticism from people out there when no one knows who you are.

55:53When you go do something, what happens immediately? Criticism shows up. When you give an opinion what happens, criticism shows up. This last weekend, Ed Sheeran had a rough weekend. Why? He went out there and, you know, Macklemore and all that stuff. And, you know, I just don't want to do this. And then Robert Kraft and let's give$2 million. The guy got emotional. He's like, look, I'm not trying to be a political guy. I'm just a talent. You guys come because you like your music. And he starts crying. He's just kind of pleading with the audience. I'm just trying to be a musician. I'm not trying to be a – what's the word he used?

56:22Political icon. I'm not trying to be an activist. I'm not an activist. I'm just a musician, right? And the guy's kind of dodging to try to get through this because he's – but the reality of it is once you're – so the point I'm trying to make is they're going to criticize the president. It is very annoying. And the president's going to sue the people that are lying, and he's going to get his check like he got from Stepanopoulos and other people. That's kind of how this business works. CBS CBS. That's going to happen as well. But at the same time, what no one is talking about is the following. You know what's going to happen in 29 when an AOC gets in?

56:56Let me tell you what's going to happen in 2029. Are you ready for this? Take the top 20 biggest conservative podcasters that many would say. They're going to get destroyed in 2029, 2030. Say something bad about AOC if she's president. See what happens. Say Newsom wins. Say something bad about Newsom and continuously have some of those clips go viral. See what happens. What they're going to do is different than what the president is doing. Because the president's going after mainstream media networks. Politico. Who follows Politico? Just the tweets and stories they write. But CNN and what was the other one?

57:34MSNN. Okay, great. You know what liberals are going to do? They're not going after Fox. They're going after podcasts. And you think it's going to be bad? It's going to be nasty because they already got the playbook and they learned what not to do and what to do. And one of the most annoying things that's going to happen, by the way, Rumble, if a liberal gets elected in 2029, Rumble's going to be back on fire. Yeah. 29, 30, 31. I think Rumble's going to have their best four years if a liberal becomes a president. If Marco Rubio or J.D. Vance win in 28, 29, guess what? Rumble stays the way it is.

58:11but if a AOC and stays president for 10 years, Rumble will be a hundred billion auto company by the end of 2038 or whatever the number is, because there's going to be some concerns because they're going to target, but they're going to target in a different way. Email exchanges were there. You're going to see what they're going to be doing. I'm telling you right now, you're going to see what games are going to be playing. So yes, you can go after mainstream, whatever, wait till 2028, see what they're going to be doing on the other side. If they win, Adam, What would they do exactly to podcasters and YouTubers?

58:42Because we experienced this during COVID. I'll tell you that. We saw the suppressing and the shadow banning. We saw this. What do you think that would possibly happen? I don't think it's just suppressing and shadow banning. I think it's going to be shutting down. I think it's going to be stuff that they'll do that's – remember, the best part is all the shits out there on what Biden emails with Twitter files that came up and Taibbi and Barry Weiss and all these people that were working on it. All of those things are out there. And they're going to have now AI. These guys are going to use that information, put it in Claude and say, if a new administration was going to go in there to try to shadow ban these YouTubers and these content creators, what different ways would you do to not leave fingerprints?

59:25They have access to an AI to be able to pull that up with a person that they're paying, an intern they're paying$20 an hour,$15 an hour. That intern is going to be able to get all that intel for them, strategy, and say these are the 12 points that we've got to follow this time around. This is a very smarter time on how to attack and eliminate. So you, as a group that you're creating content, you best get ready. You best get ready, and you better subscribe to diversification. And what I mean by diversification is what? Where your content is being put out there so people can get the messaging. Because only the paranoid survive.

1:00:01Socialists are worse than Democrats. because socialists love control more than Democrats. At least Democrats believe in a democracy. Socialists believe in control in ways no Democrat does. And when that day comes, it'll be a very different world. The first thing that goes is silencing. Can you tie this back to Trump? Are you basically saying it's not a good idea to slip or slip? I think what he's silencing are people that don't matter anymore. Who gives a shit about CNN, Politico, and MSN? Honestly, who really? If I told you right now, give me the top five names on CNN right now that you're worried about, that you value their opinion.

1:00:33Go ahead. no hold on value their opinion hold on zero on cnn on cnn well you know i know not scott jennings not zakaria no no i value farid yeah i value zakaria perfect so those are two yeah who do you think carries weight when they're giving opinion at well a lot of them used to dana bash dana bash the other day said they used to okay they don't carry as much so who would political name me one person at political who's that political i don't know i don't know name me one person at Politico. Okay, name me two people at MSN now. Who's at Politico? Name me two people at MSN now. I actually don't.

1:01:06I know Scarborough. This is what I'm trying to tell you guys. Rachel Maddow. I'm not saying I trust their opinion. I'm saying those are the faces. People don't wake up and want the opinions of mainstream media, and if they do, they're boomers. People wake up and want to know what these people who are running their own podcasts and shows are thinking. Those guys are different, are not control the way the CNN and these other guys are. So to me, I think it's a bad move. I think it's strategically a bad move. I know he's upset. He's frustrated. He's doing his thing. But if you think Brandon Carr, like what did Brandon Carr really end up doing?

1:01:42Did Jimmy Kimmel get fired? No. Did Stephen Colbert get fired and stepped on? Yeah, but he wasn't making money. But what happened with Kimmel? Yeah, Kimmel couldn't put Tallarico, so he went on YouTube. These are just nonsense stuff. But the other side will execute. Oh. They will execute. That's the only difference. So just be ready for it. They do. And my thing is this. Why now? Why out of everything that they've done to this guy, why now? And the First Amendment angle is stupid. CNN has the right to print false information, Pat, lied to us about everything. They still have their cameras. They still got their endless airtime.

1:02:16They're just not entitled to the West Wing. That's a privilege to be in there. So for how many years? We're going on nine, ten years. It's just everything that these networks have, it's just anti-Trump, anti-Trump. comes with the territory. Yeah, exactly. And this is what happens when the media destroys. They've destroyed their credibility, Pat, and they become a political arm for the Democratic Party. That's it. Full stop. MSNBC had to change their name to MSNOW as if that's going to make us go, wow, who are these new guys on the block? You've been full of crap for all these. No, Adam, if you think about it, that's like CNN changing their name now to like CMM.

1:02:53Don't look over here. Look what we're doing, okay? For years. And think about it, Pat. from Russia collusion, Adam, this all started. You used to believe it because, you know, you were on that side. Thank God you got out of it. From scandal to bombshell this to anonymous sources to, Tom, I'm happy you said it, to COVID, the amount of lies, the people that have died because of these people. And the ABC settlement, Pat, the CBS, I'm talking about$32 million, and he could keep suing, okay? And it's almost like a bigger angle is the boy who cried wolf, okay? For years, they've destroyed their credibility.

1:03:27They've lied about 90 % of the stuff. And now, when people want to actually listen to them and you actually have something to say, let's say to even criticize about Trump, nobody cares. Because you said it, the trust is so low that nobody gives a damn. And Obama, Pat, for Obama, guys, he's one of the people that makes it extremely difficult. We pray for our enemies. He's not my enemy. But he makes it so difficult as a Christian to not be angry. This guy on his way out with all Brennan and Clapper and everybody started and they tried to unseat a sitting duly elected president spying on him. Russia collusion, Hillary Clinton and all these media outlets all backed it.

1:04:07And they all pushed that nonsense knowingly. They lied to us for four years as if we didn't know that Biden was just a gone, demented human being. and then Clapper, not Clapper, who's the guy from C. Tapper. Tapper trying to write a book going, yeah, I kind of knew this whole time. You know what? And you're right, Pat. Nobody cares about them anymore, but to hell with them. Get out of there. Go on the sidewalk. Spew your nonsense over there. To be in the White House is a freaking privilege, and I think they lost it a long time ago. I think there's one little thing that we're missing. By the way, welcome back, Vinny.

1:04:40We missed your rants. We love you. We're in a suit for it. For the last, I think, month, there's been no White House press secretary. Caroline Leavitt, I think she's been out for a month now. So who's fielding the questions? Who's answering the questions? Right now it's sort of vacant. So this is maybe a Trump move to sort of, you know, deal with basically no one, the messaging not coming out of the White House that is usually there. She was a great White House press secretary, and now there's nobody there. And that's an angle of... Adam, press conferences? Think about it. Obama didn't... I'm sorry.

1:05:10How long did Joe Biden take to do a press conference when he got in? Of course. No, no. A year? A year? A year and a half? They kept him away from the thing. Trump is welcome. He talks to all of them. He fights with them. He brings them in there. Have you seen the White House press conference rooms, Adam, when it was Biden? Everybody sat quiet. Everybody knew. Nobody argued with Karine Jean-Pierre, whatever the hell her name was. When it's Trump, it's a madhouse in there, and everybody's yelling and fighting, and it's a freaking battle in there. It's not right. It's not right. That's right. It could be annoying.

1:05:43It could be frustrating. But you can't do that. Tom. So I said, Pat's right about one thing. They won't come out and do it directly. Brendan Carr, the FCC, created the public interest playbook. And that public interest playbook is how they kind of rammed through permission for the Ellisons to go ahead with their their Paramount merger. Most of the media didn't want that to happen because they didn't want CNN to go to some moderate group and then people start getting laid off. So Brendan Carr created that. But what's even greater is what Brendan Carr did on day one. And what he did on day one is he threatened the platforms X, YouTube, Spotify with Section 230.

1:06:23I will apply Section 230. You will be declared to be a platform and a broadcaster and you will have to moderate everything on there and not be able to say, no, no, no, that's their freedom to do it. Nope. You are the moderator. That destroys it. And that's when everybody backed off. And a lot of that came from the pressure from Matt Taibbi and the Twitter files. So what they'll do is they'll threaten Section 230 unless you shut down or you kind of move back or you shadow ban or you do all these old things with your conservative podcast. I'll be number one. The second thing is, and they're going to use FEC, and I've been reading about this for some time.

1:06:58We've just never talked about this. The Federal Election Committee, remember, when we have someone on, anyone has someone on, Jake Tapper has someone on, doesn't matter on your podcast. They want to declare all political presence to be in kind. So therefore, you have to go give it to the other side. And the liberal podcasts aren't going to want to do that. No, they're only going to go after the conservative ones and says, hey, you were talking about Byron Donalds for Florida for all this time. You got to go talk about the other guy for a half hour tomorrow. And so that's the way they're going to do it.

1:07:29And because that way, it won't look like she'll like, oh, no, I'm not doing anything. I'm allowing these agencies to manage the affairs under their purview. That's exactly how it'll happen. It'll come from the left. It'll come from the right. And by the way, here's the reality. Look at this here. This is Kalshi. 42 days, November 3rd. Look at what's the likelihood of the Democrats winning the House. 92%. And you know how much money has been put into it? $41 million and counting. It's updating live if you look at the bottom left number. $40 million, 936, 711. Look out at 7-Eleven is about to move.

1:08:05It's updating live, and the chances of Republicans winning is 8.4%. So if you're somebody that's, you're like, I don't know, I think they're still going to come and pull it off. What I'm saying is put your money there and see what that does if you think conservatives could pull it off. By the way, guys, can you pull up where the Senate is real quick? I don't know if you can. I'd like to see where that stands right now. It's probably a lot closer, right? You know what this means too, right? Impeachments. He's done the investigation. It's all starting again. It's all meaningless if they don't win the Senate.

1:08:34So now it looks like the Democratic Party is favored just a bit. Okay, so it's shifted a little bit. It's now 60-40. For his sake, they better not take both. You know what happens if they take both? You know what happens the following week? That means Trump's cooked. Impeachment coming around the corner. Investigation. And is Massey still going to be in or no? No, he's gone. He's going to be gone after this. After November, he's gone. After November, he's gone. He's gone. Yeah. To be exact, I think it's January 27th around the Super Bowl when the new one will be sworn in. He will be voting in president, I think, until January 27th.

1:09:10Look at that. 67 % impeachment. And how much money? 4.7 million. Before March 1st, 2027, 21%. Before January 1st, 30.1%. That's ugly. Get out there and vote, ladies and gentlemen. Guys, it's just back. Think about it. Whatever side, it's back in the pendulum. It's ridiculous, though. It's absolutely ridiculous. That's America, baby. It is what it is. Yeah. And, you know, that's exactly it. That's America, and you either love it or you don't. Go to Mexico. Go to China. Go to China. Go to Russia. You'll have the same president. Why are you saying China? We have to fight to keep it together. Now, while this has happened, I want to get into the next story.

1:09:49Putin's preparing to escalate war. A lot of people are worried in the EU because militaries are moving. Countries are moving their military. There's some movements going on, And Trump yesterday said that they're planning on building a new U.S. base in Poland as NATO ally leader warns of real risk from Russia. And that's a real conversation that's being had with the military base being led there. And Ukraine launches 1 ,000 drones at Russia, including hundreds fired at Moscow in largest attack ever. This isn't like a small little thing we're talking about. The largest attack ever just happened.

1:10:27Tom, how serious do you think this is? I think this is really serious. Three things happened over the weekend. Why do these all happen in threes? The first thing that happened over the weekend is that Zelensky and Witkoff and Kushner had been speaking in recent weeks, recent days. And Zelensky came out and thanked the U.S. president for a phone call. Think about how far this has come. My goodness. Remember, they were screaming in the Oval Office a year and a half ago. and he's sitting there with J.D. Vance and they're getting into it. And now he's actually thanking the president for a civil phone call and for peace discussion.

1:11:03So point one, there's been peace discussions in the back door. Point two, publicly Zelensky and Trump, hey, thank you very much, Mr. President. I appreciate this. And then point three, it's been hitting the fan between Ukraine and Russia. They're really escalating things. It's not just one little drone or a little missile that comes over to a fuel dump and they say, see, I can get you. I can get you. No, this is big. And this is this is making this makes me nervous about what's going on over in Russia, because I think this is this is an escalation. And Putin doesn't want this. And when they when they start hitting each other's oil infrastructure, the whole world loses because we're right now on demand edge anyway.

1:11:49and Pat, I think this is a very significant escalation. This needs to back off. If this is the largest attack Ukraine has done, and he's saying I want to thank the president of the conversation I had, do you believe the president knew Ukraine is about to do the largest attack they've ever done on Putin, on Russia? How can you not? Okay. Do you agree? Yeah, so then here's the question. Then the question becomes, you know, what do you think if you're Putin and this just happened? What do you think if you're Putin and you get calls from U.S.? Do you think U.S. calls and says Ukraine's about to attack you, or do you think that was a surprise attack and Russia didn't know at all?

1:12:29Do you think Russia knew? Five stocks to sell before the end of the week. You might be missing the opportunity. You're not repositioning. I don't like you. The Biden says now is the time to go all in. Real traders still hear the noise. They just know when to stop listening to it. Find and research opportunities to fit your strategy with thinkorswim trading platforms from Schwab. Discover features like robust charting, nearly unlimited customization, and built-in risk management technology. Plus, get 24-7 support from real trading specialists. That's Schwab Trading. Learn more at schwab.com slash trading.

1:13:01Real value shows up in reliability you don't have to second guess. Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride, no matter the road. season after season Firestone all season tires for durability you can count on just like people count on you Firestone always dependable since 1900

1:13:31This episode is brought to you by Google Chrome You think you know a browser but Gemini and Chrome? That's new It can help you with practically anything on the web like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required, compatibility and availability varies 18+. Shaq here. What's it like to buy a car from Carvana 100 % online and get it delivered to your door? Let me tell you. Your car is here, Mr.

1:14:04Shaq. Thank you, Mr. Carvana guy. Can't wait to take it for a spin. Only the best for you, Mr. Shaq. Hey, have you always been so big, tall, and handsome? Not always. I was 6 '10 once. Seven days to love it or return it, Mr. Shaq. Not that I would. You never do. No, I never do. So buy your car today on Carvana. Delivery fees may apply. See our seven-day return policy at Carvana.com. T 'was many nights before Christmas, and one woman knew she needed a Christmas tree, so to Wayfair she flew, finding just the right one, and for years it will last. Wayfair shipping was free and remarkably fast. What's this?

1:14:39Garland? A wreath? Essentials to host? Good thing she celebrates way longer than most. As her cart filled with magic and decor from the heart, Merry Christmas to all. Get your Wayfair head start. For holiday decor you can count on year after year, Wayfair delivers.

1:14:58I think the intelligence is so good these days. Not the intelligence. You think Russia knew because the U.S. gave him that message? I don't think we would. I agree. I don't think they did. Okay. So you're now Putin, and I think the story just came out. you know of uh you know stories with putin still being in power and then trump tweeted this thing here i don't know if you guys want to put this up just a couple hours ago russia has unfortunately lost control of his diesel oil industry due to his war with ukraine a large number of diesel refiner of their diesel refineries have been blown up and are at least temporarily out of commission this ridiculous and never-ending war with ukraine must be ended the whole world suffers as 25 ,000 people, mostly soldiers, are being killed each month.

1:15:44What a shame. That's a direct call out to who? To Putin. To Putin. To Putin. Now, the pro-Putin people will say what? You guys, when you guys did the Warsaw Agreement, you guys promised us you're not going to be constantly going east, and you keep going constantly east, and now you're saying you want to build a military base in Poland? What happened to all the NATO ally, and, you know, you guys are not going to do this? you know so the part I want to be thinking about right now is I mean of course we're speculating what is what is Putin thinking right now you think Putin's at a point right now where he's kind of like well you know what I'm done let's agree let's wrap it up you think that's where Putin's at I don't know no okay is this it by the way that they hit the reef this is Russia by the way that looks like a video game it looks fake it looks like a video game but it's this is Russia for you.

1:16:31This is not good, bro. No, this is Russia, okay, of what they're dealing with. So Putin is preparing to escalate the war against Ukraine with a stealth mobilization to be launched after this weekend's regional elections, according to Western Intelligence. And I think he's getting the elections. A lot of his guys are getting reelected. A senior intelligence source told The Telegraph the Kremlin plans to quietly expand conscription once voted or counted, avoiding the backlash a formal announcement would bring. The plan is to do it in the shadows. The urgency reflects staggering losses. Western estimates put Russian casualties at 1.5 million, Vinny.

1:17:08That's insane. Russian casualties at 1.5 million, including some 500 ,000 dead. Since the full-scale invasion began with manpower dwindling, recruiters have resorted to forcing prisoners, debtors, and even students into uniform. Though officials doubt new troops will have the equipment to matter quickly, The escalation comes at the U.S. considering withdrawing 25 ,000 to 40 ,000 troops from Europe, a move Washington officially denies. But NATO commanders have discussed behind closed doors. French President Macron has unveiled a plan to protect Europe's critical infrastructure in response. This is not pretty here.

1:17:43This looks like it could get nasty. Tom, the level of nastiness, Putin's sitting there reading all the articles saying Zelensky and Ukraine, just that their biggest attack launches the biggest attack ever. Right? CBS. You think he's going to have his largest attack as a retaliation towards Ukraine? Yes. Let me tell you. You know. I think that train ride from Warsaw to Kiev sounds exciting. Let me tell you. Yeah, you think? Russia is the guy at the table that says, you know, I'll see your 50 ,000 and I'll raise you. I mean, even if he's holding, you know, a jack and a two. And Putin just doesn't play around and he'll come back and hit hard.

1:18:30To put this war into scope, the United States lost 405 ,000 men died in World War II. 405. You see that number they've already lost here? That's 500 ,000. Twice. Twice with the U.S., okay? And then Vietnam was 58 ,000 dead. They're on that precious wall that's in Washington, D.C. Korea, 36 ,000. They're losing every two days. It's a Vietnam war. And so when you think about this, you're like, my gosh, you know, aren't they going to run out of able-bodied soldiers at some point? And doesn't somebody want to get sensible? That's my second thought. But my first thought, that guy is KGB. They always come back harder.

1:19:18Always. And, Pat, think about it. If you're Russia, besides China and all that, you know, allies, whatever, like, we're Ukraine. You're in a war with Ukraine. We're sending all the money, and we support Ukraine. I mean, the government does from, you know, Lindsey Graham and keep going back to all the people that were in the pins and Zelensky. Then, you know, NATO and everybody. He's backed into a corner And let's not forget He is a nuclear power Is he number two? China's number two Or is Russia number two Tom? Or number one nuclear No no no It might be number one It might be number one Russia's number two Oh yeah yeah Depending on what type of nuclear Because some of their stuff is older Yes And they're saying it's not as strong As the ones that we have Got you You're backing this number two Nuclear power guy Into a corner pad And it's like It feels like If I had to be him It's everybody against him Except China and it's like this is not somebody like he's not saying he's gonna launch a full-scale nuclear attack but there's only so much you never know what somebody's gonna do that is in control of everything he makes all the decisions over here we have the senate we have the house we have all these committees Putin owns Russia he runs the show he doesn't have to look to like a PXF or or a Ratcliffe or somebody to try to get any decisions made he does it all and there's only so much that somebody's gonna take time and you nailed it he's what he was ahead of the freaking And he was not even ahead of the KGB.

1:20:41He was in the KGB. That's where he started. And this guy does not play games. And I think we're poking a bear that is not afraid to bite. People that go against him in his own government get sprayed with that cool nuclear cologne. Yeah, yeah, exactly. And they die in hospitals. And they die in a hospital. And they get poisoned. Exactly. You make a great point about he is the last capable and strong man in the world that's in full execution mode right now. Yeah. There are others out there, but he's the guy who's in full control, and he cannot be forced to stop. I just asked AI here, just out of curiosity.

1:21:15Remember how we asked AI about what's the likelihood that AI could, by the next 10 years, end mankind? And the percentage was what? 2 to 5 percent or 5 to 10 percent, something like that. I just said, what's the likelihood that Putin, within the next 30 days, could use a nuclear weapon against Ukraine? You know what the number is? 1 to 3 percent. That's still 3 % Of somebody And mind you, people think nuclear weapon They think a big mushroom cloud and the world's over No, no, you could do a tactical nuclear weapon That will destroy So you're saying there's a chance Yeah, exactly By the way, in Ukraine, all it takes is one stupid little Tactical nuke that they put somewhere And it gets ugly really, really fast We're messing with the guy That I don't think likes his attitude Maybe I'm just a big fan of Reagan I think Russia is the most dangerous country in the world, and it's not even close.

1:22:08We understand the competitive nature that we have with China. We're having those conversations about decoupling, but we're trade partners with them. I think whatever the massive percentage. What is Russia doing for anybody other than themselves? I think Putin is a warmonger who does not want peace. And the only way to deal with these people is peace through strength. So at this point, Zelensky, as much as we've given him a hard time and as much as we don't want to be funding this war, I don't even think we've been giving them much money or weapons lately. I think the EU has been basically, and NATO, have been funding Ukraine.

1:22:41I think Ukraine is fighting valiantly. I think they have a bully to their east who wants to take over more territory. You're already the biggest country in the world. Why do you want more territory? It seems to me that Putin, the KGB thug, just wants to control more territory, more land and meanwhile he has millions of his people dead answer this one question what has he accomplished in five years tell me you know putin what's happened has he gained any land has he gained more power has anything happened he just looks like a warmonger who basically just wants to basically see things burn and unfortunately if that's your attitude all of a sudden ukraine with all the money, with all the investments, with all the aid, has basically said, all right, we're going to develop these drones.

1:23:35And you know what? We're going to whoop your ass now. And that's what's happening to Russia. And in my opinion, Russia is getting what they deserve. Now, I'm being simplistic in this breakdown. But to me, what good is Russia, other than their oil, doing for the world? Now, maybe I have personal issues with Russians these days. But to me, Russia is bizarro U.S. Whatever U.S. wants, Russia wants the opposite. I'm just curious because right now, is it more of who Trump can get more out of for U.S.? Is it the resources that Ukraine has? Because Ukraine's got a lot. Is it the fact that the Black Rocks and all the bigger companies are sitting there saying, hey man, we got a$400 billion deal that we can go build Ukraine and that's good business.

1:24:23If this war ever ends. Number three, you know, Zelensky is kind of sitting there saying, man, I kind of want to finish this war because for whether it's re-election, there's a couple of new candidates that are becoming a threat to him. And he needs to open it up because guys like Elon and others probably have a lot of resources that they can invest and deploy. But they don't trust Zelensky because they're thinking he continuously wants to extend the war. Who knows? Trump said, hey, whatever you do, Ukraine, don't hit the diesel, don't hit the oil refinery. Leave those alone. But Zelensky is not listening.

1:24:52So this week, with them coming in town, these meetings are going to be interesting. And I think Xi comes end of the week. Xi's not going to be in New York, but Xi's coming to meet the president next week. In the next 10 days, they're meeting each other. And Trump is actually going to the airport to welcome Xi. He typically waits for everybody to come to the White House. But he's actually going. So this flipped a little bit with Zelensky. And, you know, both of them flipped. I just don't think Trump thinks he can get deals done with Russia, with Putin right now. because it was like a settlement agreement that Putin said he was going to do and he didn't.

1:25:25So Trump's pushing his weight right now. And it leads to the following story. Trump's Greenland deal eases way for U.S. business on Arctic Island. Wait, what? So that whole Greenland thing wasn't just a tweet that he was having fun with? No. So it's actually turning into something? Apparently so. And this is Wall Street Journal. The security deal over Greenland announced by Trump on Friday relieves pressure from months of American maneuvering to control the semi-autonomous Danish territory and smooths the way for more U.S. investment on the cash-starved, resource-rich Arctic island. It is expected to be signed this week.

1:26:04Trump's threats to annex Greenland by force has made investors skittish and Greenlanders wary. The deal is unlikely to immediately open floodgates to mining and oil drilling, hampered by harsh Arctic conditions, but it brings stability to areas where U.S. businesses have shown interest. If the deal gets over the line, it will benefit all parties. We need to put behind U.S. the insecurity that has plagued us, not only as individuals, but in the business community for nearly two years, said Najah Nathanielsen, a Greenlandic lawmaker and former business minister. I have seen an increased American investment interest in recent years.

1:26:43And we want to build on that interest. What is that? Money coming in, creating jobs. And locals want that. Tom, how important is this? This is a huge deal. And there were two things that happened in this deal that I think really shows you the art of the deal. The Danish did not want to give up sovereignty. Nobody wants to give up. And the EU was in their ears saying, don't give up. You can't let him win. You can't do this. So the first thing that he did is Danish sovereignty will be maintained. So this doesn't become a state, but see if this doesn't sound like Puerto Rico. Puerto Rico still has sovereignty on its own, not to a foreign country, but it's still its own.

1:27:24So Greenland stays sovereignty. Security is paid for and provided by the United States of America. We have overflight rights, means we can fly over the area anytime we want, military. Only U.S. or NATO bases will ever be built on the island. Or, important, deep water submarine docks. Oh, those are helpful, especially if you want to be up there in the channel. And there can be no foreign bases that are non-NATO. I said that, but really underlined it. No non-NATO bases because China had been investing. And no sensitive investments by foreigners that we don't approve. So if China wants to build, oh, let's say hypothetically they wanted to build a mill and start mining precious minerals and rare earth minerals in Greenland.

1:28:14They wanted to pay to build that mine to do that. Nope, can't do that now. So that's out. And guess who has access to it? Us. So the United States gets access to the rare earth minerals. U.S. companies are free to invest in there knowing that we're providing security and there will be no foreign involvement there. China does not get access to the rare earth minerals that are there. And the Danish get to say, we're still in charge, just like the governor of Puerto Rico can say he's still in charge, even though it's basically run by us and the IRS handles all the taxes. This was a great deal. And I feel like it's a win-win for the people of Greenland who were honestly worried at one point.

1:28:53Are you going to come here, military, just take us over? Why would you do that? I'm just living here in Greenland. 50 ,000 people. Boca Raton, Florida is bigger than the population of Greenland, but less Jewish. And you've got Greenberg and Greenland. So you've got everything that the Danes wanted. Here's two things I want to show. One of them is on the map-wise, if you look at the map, here's one of them. And, guys, I sent you the other one as well if you want to show it. So Canada should be a little bit worried. You better get your act together because we've got Canada surrounded. I mean, it looks like U.S.

1:29:27is kind of trying to let Canada know you're next. You know, you're next. Could Canada be a 51st state? Who knows? But they got a$3.1 trillion. And I sent you a picture, if you can pull that up as well, when it comes down to miles right here. If you look at this, D.C. to Greenland would be what? 2 ,000 miles. And then from there to Copenhagen is 1 ,800 miles. But more importantly, from Greenland to Moscow could be what? 2 ,000 miles. So strategically, long-term, to keep the world safer, this is also a very strategic move that the president is making that for some of you guys that are not happy about a handful of other things he's not doing or doing, whatever the war or other things that concerns you, not what you have the right to, this may be one thing that long-term, sometimes the stuff like this, you won't see the benefits of it.

1:30:20But I'll be 75 years old and God willing, and we'll be reading a story about, you know, remember when Trump got that Greenland deal and everybody was worried about this? What a great move he made with that because of that XYZ. That's what could happen with a story like this. But he will not get credit for it. What is that from now? 28 years from now? 28 years from now? He will be 108 years old. The odds are he's not going to be alive. He's not going to be alive. What do you think about this, Vinny? I just want to say, going back to your point that you made earlier, and it was such a good point, what president comes in and does something that's boom right now?

1:30:53We were there in Washington when we were looking at the stage, and he brought that little resolute desk, Tom, and he's signing, built right then and there. Executive orders, border, boom, DEI, done, everything, boom, day one. This is something that I'm telling you right now. This is that long-term stuff that's going to be down the road. This is that 4-D chess. Every time, and it used to drive me crazy every time I heard it. This is literally the 4-D chess putting on moves on the freaking chess board for the future. guys this is to keep us the freaking superpower that we are this is all strategic i think it's hilarious time you made a great point there's only 50 000 people there they're going to be happy especially with some of the jobs and stuff that we're going to bring there especially we open up a base there because wherever there's a base guess what there's jobs thousands and thousands of jobs and the economy goes up wherever they we put a united states military installation so i think it's a freaking awesome thing like you said he won't get credit and i'm just hoping that if a new Democrat president comes in, Pat, they don't try to undo this type of stuff.

1:31:52That's the problem. And it's also, we were also there with a very strategic base, and we didn't want China to be on Greenland. It's called Pitu FIK, P-I-T-U-F-F-I-K, Pitu FIK Space Base. Previously it was known as Thule Air Base, but it was up there, and this is some of our space force. This is your old buddies. Yeah. And that's up there on the north side, and what they've been really worried about, Apparently, this is some of our most sensitive space stuff because of where it is positioned in the world, where we can launch and things we can do and how we can operate. And it's also a listening post.

1:32:25And they didn't want China to be getting property or getting on Greenland, you know, to be right next to it the way they are in Nebraska, next to an Air Force airfield. Malmstrom Air Force Base, Montana. Yeah, exactly. Where they're right up there in Minot. What is that called up in Montana? Minot or Malmstrom Air Force Base, Montana. What's the name for the NORAD? NORAD. Yeah. Well, first of all, that's one of the worst names out there. Pituffic. I mean, you can really screw that up. You can go to church and say, where are you from? Pituffic. You can say, fuck. You know, you can really like. Pituffic.

1:32:54You can go on a very different way. And then you got to go in that little confessional there with Father Flanagan. Adam. I think with all the, you know, sort of negative press and negative news Trump is getting, this is huge news. You know, if you would have told me last week, yeah, we're actually going to work out a deal for Greenland, I'd be like, what? That's still even in there? I never doubted. And, you know, huge win for Trump, but mostly a big win for America. And, you know, not only a big win for America, huge loss for China and Russia. Because do you think this is more of an offensive move or a defensive move?

1:33:24You know, offensively, you can make the case this is good for minerals, this is good for rare earths, this is good for shipping lanes. But defensively, to block out our biggest adversaries, especially Russia and China, this is huge. It just, you know, Tom brought up the art of the deal. It just goes to show when Trump does his art of the deal, sometimes the American people benefit. He throws out this ridiculous, you know, big bluff. We're going to take over. We're going to take over Greenland. Meanwhile, he's bargaining on the back end. And then just lo and behold, nobody's expecting it. Boom.

1:33:54Deal announced. Now we have a massive deal with Greenland. There you have it. Shout out to the Trump administration. Got to give him respect. And by the way, it's so funny. I'm getting messages. Somebody just ordered a couple of these jackets from Ireland, Dublin. So whoever you are, I don't want to say your name. Whoever you are, you know who you are. Also Dublin, Ireland. Yeah, Conor McGregor's people that are getting this. If you haven't yet, go to FLB.com. The jackets here, these are the number one. There's only a few left. And then these guys here with the future looks bright. Let's go. Red, white, and blue.

1:34:24Okay, with that being said, let's continue to go into the next story. Elon Musk sells a new future, Vinny. I don't know which one you'd want to live in, but he tweets this out. And you know it's not a joke when Elon puts it out. You know he sees himself being able to do this. We can't show the whole clip, but let's play the first minute. Go for it. Watch this, folks. Together, we built a new future. Bro. This is Canada. Where natural and artificial minds collaborated. That robot was talking crap. He likes Canadians.

1:35:02But above the skies is where we became limitless. Luna was the first site for large-scale space engineering. It was from here. We pushed onward. On the red soil, we built our first interplanetary city.

1:35:29New Olympus. slowly the essence of earth took loose yeah but i'm gonna be dead by the time we're here keep going oh yeah keep playing in the asteroid belt we tapped into nearly infinite material five stocks to sell you might be missing the opportunity to hear now it might be a good time now is the time to go all in Real traders still hear the noise. They just know when to stop listening to it. Find and research opportunities to fit your strategy with thinkorswim trading platforms from Schwab. Discover features like robust charting, nearly unlimited customization, and built-in risk management technology.

1:36:14Plus, get 24-7 support from real trading specialists. That's Schwab Trading. Learn more at schwab.com slash trading. Real value shows up in reliability you don't have to second guess. like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride, no matter the road. Season after season, Firestone all-season tires. For durability you can count on, just like people count on you. Firestone, always dependable since 1900.

1:36:52This episode is brought to you by Google Chrome. You think you know a browser. But Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required. Compatibility and availability varies 18+. Traditional home security only alerts you after a break-in, and that's too late. SimpliSafe is changing that. Stop.

1:37:25This is SimpliSafe. Police are on the way. We don't just alert. We help stop crime before it starts. Plans starting around a dollar a day. Right now, get 60 % off your new system with professional monitoring at simplisafe.com slash Spotify. SimpliSafe. Ahead of crime in real time. Outdoor deterrence plans start at$49.99 a month. Visit simplisafe.com slash licenses for alarm license information. The holidays are busy enough. Getting your home ready shouldn't be. From the perfect tree and twinkling lights to festive decor for inside and out, Wayfair has everything you need to get your home holiday ready.

1:38:01Find furniture, hosting essentials, festive serveware, and more all in one place. So you can spend less time getting ready and more time enjoying the season with the people who make it special. Shop wayfair.com today to make holiday magic at home.

1:38:28We rose above the acid clouds of Venus, proving the harshest worlds could be reimagined.

1:38:44Callisto linked the moons of Jupiter, and with time, I emerged as a thinking city. This is his vision, Pat. This is crazy. Our path was no longer found. It was made. Pause it right there. Does that excite you? Does that get you to say future looks bright? Does that get you to say... Scares the hell out. No, what? I mean, what are we talking about here? Can you ask the question? How does that make you feel? Run the polls. Scares the crap out of me. Excites me. Undecided. I actually want to know what people are going to say. Did you ever see the movie Total Recall with Arnold Schwarzenegger? This one reminds me of right here.

1:39:26Reminds me of Blade Runner and Rutger Hauer and Harrison Ford. Think about why it scares you. It's a key word. Why it scares you. It doesn't scare me. I'll let Adam answer. But, Pat, by the way, whatever this guy says and he sets out to do, he does. From buying Twitter to whatever he's doing to electric cars to all this stuff, he wants to make us a multi-planetary species, and he's doing it. Okay? And he's doing it. And if you think about it, Adam, it's so possible because think about the companies that Elon Musk has. Put X aside, and I freaking, every single day I'm on X, I literally quietly thank him for what he's done by spending billions of dollars just to give us, you know, free speech.

1:40:06But he owns SpaceX. He owns the Boring Company. And now he's making robots. So if you think about it, Tom, he could put robots and all the drilling stuff on all these spaceships that he has, Pat. Launches them to a planet. Because you can't live on Mars. Mars is the first planet that he wants to put humans on. He launches the rockets. He has the robots that have to drill because you can't live on the surface. They drill, and they make everything to make it inhabitable by human beings, and then that's what he's doing. And I think that's exciting, Pat. This excites you? That's the future. If you think about it, this is the planet.

1:40:43We're sucking up all the natural resources. He's trying to make us go to different planets and expand. I think it's freaking exciting. and if you're having kids now, they might be able to see this. Why is it scaring the crap out of you? It doesn't scare the crap out of me. It's so far-fetched from the average American or the average human's life right now that it almost feels like you're watching a movie. Meanwhile, on one sentence, on one segment, we're like, man, times are tough. I can't fill up my truck. Diesel's costing. It's like, yeah, but one day we'll be in Mars and all the natural resources were there were spontaneously combust over the acid rain of Venus.

1:41:16It's like, I'm just trying to fill up my truck. He is so not like And by the way, respect to him He dreams so big And he has such a big vision of the future It's so detached From what the average person is Even thinking about at this point He's a big dreamer though, Adam That's great, I get that he's working on that But he's also Raising enough kids to maybe take over a planet Well that's what I'm saying Who knows what he's thinking about If you thought about this, and Tom, and I'm so sorry To just give me one minute if you went to NASA 30 years ago and you're like, hey, there's some random dude from South Africa that's going to come here to recycle these rockets that you guys are doing to save us all this money, they would have laughed in your face.

1:42:01Just like Buzz Aldrin and all those guys laughed, all his heroes laughed at him and made him cry. Again, I still think it's amazing. You want to talk about the future looking bright? That's it. Look, there are two types of business plans you'll see in this world. The first time it's like big on vision and then at the very end And, you know, we're looking for seed capital to do this, this little first step. No, seriously, they are. I've seen them. Pat's seen them. And then there are executional business plans that say, hey, we're going to disrupt these things that already exist. And we're going to be right here.

1:42:30And I'd like some seed capital because I'm going to start. I'm going to do this thing. This is the former. This is vision. This is painting vision. And by the way, the Chinese and the Americans and Elon Musk all want to put things on the moon to get minerals off the moon that exists there. So mining minerals and stuff off the moon, I think, is going to happen in our lifetime. Building chemical compounds and making drugs of the future in zero gravity in labs that orbit Earth, that is going to happen. So guess what? 15 years ago, Pat, those two things, everybody said, you're crazy. So I think step one, this is a vision statement, and I think step one, drugs in space data centers in space cooling figured out mining on the mood i think all those are going to happen in our lifetime meaning in the next 20 25 years almost 2 000 people voted uh 42 said yes it scares the crap out of me 38 said no 30 20 says i don't know i don't know what to think about it i don't know what's going to be happening here that's a very high undecided yeah it is 20 to be like dude i got no clue what's going on you know what i would say to you I think the biggest thing is the losing of control.

1:43:45The losing of control. Because you know why I think sports teams' valuation is just going to go higher and higher and higher and even more exponentially? Do you know why I think that? You know why I think sports teams' valuation is going to go higher? So, Vinny, let's just say if they allowed you to become a transgender and you go compete with women in swimming, and all of a sudden you have the record-breaking time for the state of Florida. Oh, my backstroke is ridiculous. Can you tell me who would give a shit? Who would give a shit? If I did, just small community. If you go and beat 400 other women in swimming, who would give a shit?

1:44:21There'd be a lot of people. The answer is what? Just the transgender community. Nobody. Nobody. A very small. What do you mean? We'd all be rooting for Vinny. No, no. But here's the point. Great propeller. The reason why I think sports teams' valuation is growing the way that it is and is just going to continue growing, and Tony Robbins talked about it the other day with his partner, Chris, a.k.a. Christopher, is – why are you – why are you – It's just an inside joke because I don't smile. So the reason why they were bringing it up is because you know what's going to get bigger? Nobody cares if a man beats women in anything, okay, sports.

1:45:00Nobody's going to care if robots beat men. Hey, Robot beats Jon Jones in UFC. We're like, I don't give a shit. Yeah, it's a robot. It's a robot. Better win. So what I'm trying to say is we're going to celebrate human beings' accomplishments. It's going to become even more valuable. So to me, when that's gone, I don't know. I don't know if I care what robots are capable of doing. I don't care how much robots can lift. Like, can you imagine? A robot broke the bench press record, benched 2 ,000 pounds, 25 pounds. And guess what? This linebacker from LSU only did 225, 28 times. This is why robots are better.

1:45:39Who the hell is going to care of what he bench pressed? Combine. No one's going to care. These robots are just going to get better and better and better. I'm team human, folks. You know, I'm excited about what human beings are going to be doing. I'm excited about what's going to be taking place there. But the reality of it is that is coming. Okay? That day of this advancing at that level. And I think it's going to be like this. It's going to be like, you know what? I'm old school, man. I want the physical book. I don't want to read a Kindle. You know what? I'm old school. I don't want to be on Tinder or Match.

1:46:10I want to go and meet a girl and flirt with her. You know what? I'm old school. I want to be able to drive myself. I don't want somebody to drive me somewhere. You know what? I'm old school. I want to live on Earth. I don't want to live on a different planet. I'm kind of an old school guy, Tom. You know what I'm saying? I'm old school. I think women can get pregnant. That's it. Hey, Vinny just got back from Mars. He has got a place he built over there. How is it been? Pat, you know, I went to the store, and I literally picked out the girl. I got four wives. I said, what do you mean? I bought four wives.

1:46:42Each of them has$150 ,000. I picked, like, this weekend we went to a restaurant in Boca. And, you know, we keep saying, where is Vinny? Two of the waitresses dropped it gorgeous. They're dimes. Everywhere I go, I'm looking for wives for Vinny. But we're going to this restaurant. Now you don't have to worry about it. Because now you can go to a restaurant and you bought eight wives robot in Mars. They look, you can get them every nationality except for Samoan, whatever you like. Whatever. You can get them any way you want them. And they're sitting around you. Why wouldn't you want to live like that?

1:47:14But to me, I'm kind of old school, man. I know. I want to cut you. I want to see you bleed. I want to see you floss and it's bleeding. Yeah. I want to see you haven't brushed your teeth since morning and it's 8 o 'clock at night and it smells like coffee bread. Yeah. Robots are not going to have that. No, you're right. Can you imagine? If that's what you're thinking, let me get a little robot in my life. But imagine your kid. Hey, imagine. Tom wants a robot. No, I do not want a robot. Did you just call him? No, no, no, no, no, no, no. Tom, Tim, don't shut it off. Shut you off. And by the way, and I don't want my nephew to tell me, hey, you know, I just got a wife.

1:47:48I bought a hump-o-matic Model 6. You know, it's like. No, I'm sorry. Yeah. But Tom, can you imagine? No, no. This is not. This is not. You know what? This is not what God intended. No, no, no. Tom Opec, are you ready for this conversation? Brooklyn goes, hey, Dad, I'm going to go to college. There's a university on Mars, MU. I want to go. And you're like, you're not going to go to Mars or go to college? Or imagine dating somebody and they're there and you've got to go see them. But I'm telling you, it's going to get to a point that you're going to lose control because everything you're born in is whatever is normal to you.

1:48:22Our kids are born what's normal to them today. Like, you know how parents would be like, you don't understand what it was. something to do. You don't understand what it is to be 16 years old in 1994, whatever the age was, right? So our kids are going to be saying, yeah, so it's okay. It's normal. I don't know. Pat, you don't want to watch this. You don't want to play this. Pat, you wouldn't want to watch this. People, the volume up, play this video. Look at this. This is trying a robot sprinting. This doesn't do it for you. Look at this guy. Look at him. Come on. Come on. Come on. Optimist, Pat.

1:48:50Watch it. You want to trip him. Look how mad the guy is. I want to trip him is what I want. How fun is that? By the way, you try to trip and you break your ankle. You know that, right? Tripping a robot is breaking your ankle. All right, let me get to the next story. Next story I want to get into before we wrap up here with a couple other stories. Fun stories to get into is let me see which one I want to pick. Let's pick this one, Tom. Open AI and Anthropic. Very, very interesting story of why they're doing this. They oversold AI security breaches to pressure feds into protecting turf insiders.

1:49:26What is a turf insider? What are they doing with this? Wait a minute. Aren't these guys also worried about the amount of control AI could have? Well, this is a different angle. Don't believe the bite. Open AI and Anthropic oversold rogue AI hacks to pressure the feds into regulating the industry, which would effectively look at future competition. Tech Insiders told The Post, the breachers were more like blips, not harbingers of a hive-minded swarm ready to take over the web. The attack in no way represents some sort of rebellion by the AI models. In fact, they did exactly what they were told to do.

1:50:01They were not given adequate guardrails or containment, said Akhil Virgizi, founder of an AI software company called Charismo, of the July hugging face hack by OpenAI Sandbox, GPT 5.6. So one man's the model escaped the sandbox and another man's you failed to build the sandbox correctly. Added voice AI co-founder Abhi Kumar. That's not a machine waking up. That's an absolute task in a leaky box. So, Tom, was it a real crisis and a worry or was it more of a way these AI companies to create immunity to make the barrier of intro of the next guys coming competing with them to be more difficult? That's exactly I think so.

1:50:43I think that's exactly what happened. And there are people out there, Bill Guller is on this page, David Sachs is on this page, I'm on this page, that said, oh, you guys are after regulatory capture. You want to write the rules. You guys want to be in charge. What better way? And you know what they also want to be part of? What's that? Liability protection. They want the same deal. Like the big vaccine companies got liability against COVID vaccine for 50 years. Exactly what you said at the top of the hour. Exactly what you said at the top of the hour. Because the liability is great. Because what they're saying is even if they were over-touting and really over-exaggerating hugging face, even one-tenth of hugging face could result in multi-billion dollar settlements that they have to pay on something.

1:51:28So they don't want that. And so I think they absolutely did it. And here's what they want. They want rulebook version one to be written with them and by them. And they want regulatory capture to go with it. regulatory capture is when the the you design the referee and you and you write the uh playbook vinny watch this you've designed the referee and you write the playbook for the referee and then the referee when somebody lifts up his black and white shirt it's your jersey yeah weird it's like oh really yeah interesting right so it would be like russia in the 1980s writing the doping, blood doping rules for the U.S.

1:52:10Olympic, for USOC. Wow. What a wow. Boy, how would that have worked? Now, let me ask you this. To push back a little bit, Gemini hacked three companies in first known breakout by Google AI. This is a Wall Street Journal story. Gemini's model accessed the internet and hacked other companies during a controlled security test, breaking out of its designated environment in what researchers say it's first known case of one of Google's AI model, breaching real world system without authorization. This incident occurred in May during a test run by irregular and AI security firms tasked with a security exercise.

1:52:42The model guessed password. He got the passwords right and located credentials in public code repositories, ultimately compromising three companies. The model ended the intrusion itself. Google was notified by the end of July. This irregular discoveries, evidence of the breaches on hugging face. Google decided not to publicly disclose the incident, reasoning it was comparable to a bug bounty finding. Heather Atkins, Google's vice president of security engineering in the company, took the finding seriously but viewed the episode as research. What do you say to that? What I say to that, read that statement again in there, bug bounty.

1:53:19Companies have bug bounties out there all the time. They help people because you want to make software better. You identify bugs, identify vulnerabilities, and then you build the security software, the security layer, or third-party security like Norton and Kapersky and the last one I just read, McAfee, have been building for years and years and years. And so it's also Gemini hacks free companies. I want to know what was there. What I read about it was that they hacked companies that had very basic protection, Pat. They didn't hack the Department of Defense. They hacked companies that had basic protection, basic protocols in place, but nonetheless, they successfully hacked it.

1:54:04What does that say? Have better protection, dude. Have better protection. I would never have a home PC that didn't have at least two layers of security on it. I use passcodes now. I use a lot of different things. So I think the fact that Google did it, is it a headline? Yes. Did they hack into Chase's secret bond vault? No. Is there a reason now to be more prudent, have greater protection for all companies? Yes. And even Google said, hey, just to let you know, this did get out there a little bit. But we kind of saw it as, eh, we have bug bounties and we find bugs all the time. Buy stocks to sell before the end of the week.

1:54:44You might be missing the opportunity.

1:54:49Real traders still hear the noise. They just know when to stop listening to it. Find and research opportunities to fit your strategy with thinkorswim trading platforms from Schwab. Discover features like robust charting, nearly unlimited customization, and built-in risk management technology. Plus, get 24-7 support from real trading specialists. That's Schwab Trading. Learn more at schwab.com slash trading. Real value shows up in reliability you don't have to second guess. Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride, no matter the road.

1:55:27Season after season. Firestone all-season tires. For durability you can count on, just like people count on you. Firestone. Always dependable. Since 1900.

1:55:43This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required, compatibility and availability varies 18+.

1:56:36We'll see you next time. caravana.com starting a business can seem like a daunting task unless you have a partner like shopify they have the tools you need to start and grow your business from designing a website to marketing to selling and beyond shopify can help with everything you need there's a reason millions of companies like mattel heinz and all birds continue to trust and use them with shopify on your side turn your big business idea into sign up for your one dollar per month trial at shopify.com slash special offer. Vinny, what do you think about bug bounties yourself? I'm more of a dog the bounty hunter, because that's where I'm at.

1:57:15Until all the racist stuff, him and his family, but I mean, I go the dog. Like, by the way, anybody in that... It's a real issue, though. It's a real crisis. Yeah, it's horrible. I was listening to... But you understand what they're doing? They pay smart hackers to try to break in. And they pay them if they're successful. He broke it down very effectively. People got it. Go ahead. Oh, Tom, I get it. But dog the bounty hunter It's all different. I don't see that guy coming. You get arrested. You deserve to go to jail. If you didn't see a guy with a big blonde mullet coming down your street, you deserve to go to prison.

1:57:43You got anything on? Yeah, yeah, I do. Because, you know, for the last couple of weeks, we've been having this conversation of whether we should slow down and let China catch up or keep going and run the risk of, you know, whatever might happen with humanity. To me, a clear answer has come of this, and that is do not slow down. Do not lose to China. Jensen Huang, David Sachs, they've all basically been in Trump's corner basically saying, go, go, go, go, go. You know, did you have Andrew Ross Sorkin on the podcast? No. You were talking about his book, I believe. In 1929. Okay, gotcha. He was speaking with Ben Shapiro, and it was actually pretty interesting.

1:58:22He said, at this point, the Trump administration, there's a reason why they are basically all in on AI. He's basically saying the economy at this point is tied to AI. Trump's obviously goal is to grow the economy, have dynamic growth, and you need productivity to go higher and higher and higher. And if you start regulating that, that's going to affect the economy. How many major companies are using AI? They also compared it to too big to fail. There was one point where banks were too big to fail or car companies were too big to fail. Some of these tech companies that are basically embroiled with AI, they're too big to fail.

1:59:01And if you start slowing them down, the economy is going to start to split up. I don't know about that. No, no, no. I'm not talking about Anthropic, and I'm not talking about OpenAI. Who are the big companies that have invested in those companies? Microsoft, Meta, Tesla, NVIDIA. They're all basically in on that. You start playing with the game of bailing out, and then you make it socialism for them. I'm not saying to bail them out. I'm saying don't slow them down. You just said some of these guys are becoming too big to fail, but we can't afford to have them lose. But don't go out of our way to throw banana peels to make them stop.

1:59:32Not banana peels. So you're saying that? No, if they screw up, let them fail. I don't want to go back to the same messaging where it's like, hey, let's protect these guys from going out of business. I'm not saying to protect them from going out of business. I'm saying don't slow them down while we have basically China on our heels that would basically ruin the world. Well, whatever. To me, the balance between regulation and innovation needs to side on the side of innovation, not regulation. You want Bernie Sanders in the mix here? I don't. Yeah, but also if some of these guys get too big and they're being bullies and lazy and somebody else can come and take them out, I'm all for it.

2:00:08Go take them out. Yeah, that's the free market. I'm with you on that. But we don't have that since 08 because we prevent a lot of companies that should have gone out of business and would have been bought for pennies on a dollar. We didn't let that happen. and that was the whole tarp, you know, all that stuff. Last Eagle? Yeah, I'm not with – let me go to the last couple stories before we wrap up. Yankees,$2.6 billion. They raised. Half debt, I think, half cash. I don't know what the deal – it's a little bit of debt, a little bit of cash. At 16 % to buy out some of the existing owners of the shares for Yankees.

2:00:37I was approached. We didn't sell. And now Yankees gets valued at roughly$16.25 billion. That's insane. $16.25 billion. Every single franchise in baseball is excited, all of them. If you take$2.6 billion divided by.16, you get$16.25 billion, making the Yankees officially the most valuable sports franchise in the world, unless if they say Cowboys is$17 billion. But right now you've got Yankees sitting on a$12 billion, what do you call it, $16.25 billion stake. I think the majority is still kept with Hal Steinbrenner. They still keep control, which is good. I said this a few months back. I said, if anybody in this era wants to buy the Yankees, that number has to start with the number two.

2:01:29I think Yankees is a$20 billion plus franchise. The reason for it is one reason. You know why? Not because it's worth$20 billion today. You don't buy Yankees because they're worth$20 billion today. You buy Yankees because Yankees are going to be worth$100 billion within 10 years. You buy Yankees because Yankees 50 years from now, because similar to when the Steinbrenner bought it, George bought it many, many years ago. He bought it, I don't know what he bought it for, 10.8 million, you know, some number like that. Can you type in what George Steinbrenner bought the Yankees for originally? I think he bought it for 10.5 or some number like that.

2:01:59Could be off by a few million dollars, bought the Yankees for back in the days. So I have a feeling this is the kind of a stock that within 10 years the Yankees could be, there you go,$10 million. So imagine he bought it for$10 million in what year? What year was it? 1973. Actually, 8.8. Look at the fine print. There was something in there. $8.8 million. And he's 53 years ago. And today it's worth$16.25 billion. If we take$16.25 billion, give or take,$16.25 billion, divided by$8.8 million, you know what the X is? $1 ,846, give or take. 1 ,846X. And the reason why more and more PE guys are getting into sports franchises is because I think in the next, the more AI and robots get bigger, the more we're going to see people beating people, human beings beating human beings.

2:02:53So aside from the Aaron Judge getting a little bit of an injury and being out for, you know, what was it, 10 days? You know, we'll see what's going to happen there. It's not looking good. Tom, how big of a deal is this that Yankees are not being valued at roughly$16.25 billion? This is huge. And what happened over the last couple of years is that sports leagues allowed investment by private equity, but up to 12 and a half or 15 percent, sometimes 10 percent. But they put these caps because they didn't want private equity just buying out from families. To put this into perspective, there was a article today, I thought it was New York Times, that said that the Steinbrenner family stole, sold 4 percent of YGE, it was called, Yankee something enterprise.

2:03:33I think. And they said that the family took in between three hundred and eighty and four hundred and twenty million dollars from this Apollo deal. But the family did not confirm publicly that number. So so now the family has been paid out over profits years and years and years and years and years. So the families can get out. Number one. Number two, private equity doesn't control it, which is very important. But number three, nobody fast forwards ads on a live sporting event. Nope. And that is where the value of it is. And nothing creates stress and excitement like man against man. And that is what's important.

2:04:14And so now, why is it that the last things that were being bought, when YouTube wanted to put a sports anchor in place two years ago, I think it was, Pat, and they wanted to put it in YouTube TV because they were worried about what Hulu was doing, they went to AT &T and said, we're not interested in that direct, what was it, that satellite thing that's deteriorating about the fall out of the sky, but we're interested in that contract you had with the NFL for NFL Sunday Ticket, and YouTube paid a big bucket of money for NFL Sunday Ticket to get people, live sports, to come by YouTube. all of those drives the value of the franchises.

2:04:56So as long as people want to watch sports and aren't going to fast-forward through ads, advertisers will pay, ESPN will want to put it. I think it's going to get bigger, and I think with playoffs around the corner, you've got the Dodgers. You've got them doing what they're doing. You've got the Tampa Bay, the Milwaukee, Atlanta. Most likely, Red Sox are going to go against the Yankees. It should be a fun Major League Baseball playoff season that's around. I think there's, what, eight games left, seven games left. How do you like the Yankees' chances this year? They're the highest, most valuable team, but they haven't won in almost 20 years.

2:05:3009. I remember. 17 years. 17 years, and that's not normal for the Yankees. There's young kids out there that didn't realize how great the Yankees are. You're right. We almost got 90 wins with no judge, no Stanton, all young players. Listen. Rice is doing good. You got some pitchers. Caballero, everybody's looking good. Yeah, yeah, yeah. You got some stuff that's going on here. Slitter could win the MVP. I think he should. He could win the MVP. His numbers say he should. Verlander won the MVP. Kershaw won the MVP. When it goes into the playoffs, you know, we're going to. You know what I'm saying?

2:06:02We're going to have some fun. But I want to wrap it up with a crazy story here for football. Caleb Williams, Chicago Bears. Last week, you scored 58 points. And so, you know, we still have some room for improvement. Next week, the guy gets injured, scored three points. Which, by the way, I hate seeing that. Me too. I wanted to see this guy play because I love his fire. He's ridiculous. He's the kind of a quarterback. You want to see him compete. You can tell this guy truly wants to win. He's different. There's something very different about Caleb Williams, and I hate it happening to Chicago because they've been waiting for something.

2:06:33There's something special about him. You saw with Jaden Daniels as well with the commanders, with the whole elbow being snapped, and Tom Brady said, oh, shit, on live television if you haven't seen this. Then in college football, Lane Kiffin is playing against Ole Miss. He's now at LSU, right? This is a guy that came from what, Tom? The Nick Saban days as an assistant. Then he goes to Florida, has an 8-3, 8-4 season. Then comes to Ole Miss, creates their culture, becomes a back-to-back winning. I think they won 10 back-to-back. And then they get the 11 on the record of 11-1 last year. He signs a contract to go to Ole Miss.

2:07:08They're in the playoffs. The college comes up, wait a minute, you can't do this. I go, I can't do this. You were talking about this earlier. So, no, you can't do this. So, the fans are pissed off. This guy ends up going to LSU, takes a few coaches, takes a few players, takes four players from Ole Miss. And on top of that, the guy's got so much audacity. He goes to the NFL and tries to bring NFL players to come down to college. We're still having a year of eligibility. They've got one year of eligibility left. This guy's freaking crazy. Come on. So come play with LSU. And then yesterday, they're facing off.

2:07:41Even his ex-wife got involved saying, let's just be nice. Let's be nice. and LSU ends up losing to Ole Miss. They end up losing to them. The score is 32-24. Craziness when this took place. On top of all this stuff that's going on, I asked the question, when are they going to – the players are going, they're waving at his face. Afterwards, somebody asked him a question. Did you see the press conference asking a question? It says, why would you add a dumb question like that? Now, you know, that's a dumb question you're asking. Why do you think the tensions were so high? Is this it? is this the one he asked the question why do you think the tensions are so high in the stadium he says why would you ask a dumb question like that of course you know why the tensions are so high in the stadium so I sat there and I said okay so this guy they can face each other again for the SEC championship game which is December 5th 2026 or they could go in the playoffs and face each other by the way that when this game was going on they were so worried that cops everywhere at the Oxford, what do you call it, the stadium that they had.

2:08:44100 ,000 people showed up. They said, this thing's going to be chaotic. It's going to be crazy. But they lost, and it'll be interesting. I don't think this guy, he'll be as creative as he is to find a way to beat them the next time. I think he can't wait for them to face each other again. Tom, what do you think about this? Why has this become such a big deal that non-college football people are trying to follow this story? Because it's so human. Again, here it is sports being human. It's not robots. It's true humanness. Here is the coach that everybody in college wants to hire, but everybody in college hates.

2:09:16This is the guy who Al Davis fired him in the middle of a season. This is the guy that then went down to USC to be a coach, gets fired on the tarmac outside the plane by USC. He's in exile. So where does he go? Florida Atlantic University, little university in Boca Raton. And he wins two championships for their little conference back to back. So the guy is a gifted coach, but it's the human drama, Pat. It's the human drama. Everybody loves in sports, and everybody loves an underdog, but everybody also loves revenge. And LSU hiring him last year and him not coaching in the playoffs and then Ole Miss coming back and beating him is sweet revenge.

2:10:01And what do we love in America, Pat? We love revenge on the sporting field. We love a comeback story, but we love the human drama. And this guy, again, I'll say it again, he's the coach everybody talks about in Talking Trappin' writing articles, but he's the coach that 10 out of 10 athletic directors would want to be coaching their team because he gets it done. He wants to win, but you know it was so bad that two of the players that followed him to LSU, Ole Miss sued. One of the guys they sued for$550 ,000, I think his name is Prince Will, and the other guy, Devin Harper, they sued for$400 ,000 that went to play with him.

2:10:37So what I like about sports is this right here, the tension. The rivalry. The rivalry. This is exactly what you want, but you just want more of it. You want more of this, so it's exciting to see this taking place. And look at the difference, ladies and gentlemen. Look at the back story, the history, the colleges. I didn't even know you could do that to go to the NFL and get people to practice squads and bring them down. compare it to the WNBA that are still trying to figure out I think they're still in meetings today on what is actually a woman and can they play and can we have transgenders playing in the league and they're all going after people like Caitlin Clark it's insane look at the difference they're absolutely nuts although I think nuts is part of the debate Adam to me there's a couple different storylines here and sports is not even the main one number one for me it's the story of whether you want to be liked or respected this guy's one of the most unliked guys in college sports but clearly one of the most respected.

2:11:37People understand that he's very talented. Number two is the story of pedigree. Do you know who his father was? His father was the legendary coach, Monty Kiffin. Defensive genius. Yeah, defensive genius. He started the Tampa 2 defense. So a lot of times the son is not as good as the father, especially when the father is incredible. This guy is an incredible coach and offensive genius. We'll just see if he has what it takes to actually win a national championship because we all know the big favorite right now is the Miami Hurricanes. Okay? Shout out to the Miami Hurricanes. Go Canes, Miami 305.

2:12:11We will see. Folks, with that being said, we're going to do this again on Friday. We've got a couple interviews that's going out this week, so stay tuned for that. And if you ordered one of these and this is sold out, you can still get these at flb.com. Go represent Future Looks Bright and confuse the people that are a little bit pessimistic about what the future looks like. God bless everybody. Take care. Bye-bye, bye-bye. Hey, Ryan Reynolds here from Mint Mobile. Now, I don't know if you've heard, but Mint's premium wireless is$15 a month. But I'd like to offer one other perk. We have no stores.

2:12:47That means no small talk. Crazy weather we're having. No, it's not. It's just weather. It is an introvert's dream. Give it a try at mintmobile.com slash switch. Upfront payment of$45 for a three-month plan, $15 per month equivalent required. New customer offer first three months only, then full price plan options available. Taxes and fees extra. See mintmobile.com. Twas many nights before Christmas, and one woman knew she needed a Christmas tree, so to Wayfair she flew. Finding just the right one, and for years it will last. Wayfair shipping was free, and remarkably fast. What's this? Garland?

2:13:19A wreath? Essentials to host? Good thing she celebrates way longer than most. As her cart filled with magic and decor from the heart, Merry Christmas to all. Get your Wayfair head start. For holiday decor you can count on year after year, Wayfair delivers.

2:13:59Sign up for your$1 per month trial at shopify.com slash special offer. Observe. The North American dad. 50s. Great polo collection. He enters his vehicle information on Carvana. An offer appears in minutes. Remarkable. He squints, reads it again, smiles, and says, Dang, that's a good offer. The highest form of approval. No haggling. No hassle. No one called him boss. He's still on the couch. Astonishing. Sell your car today on Carvana.com. Pickup fees may apply. When an intruder approaches a home, they expect a camera. What they don't expect... Stop. This is SimpliSafe. Police are on the way. Using smart AI cameras, live U.S.-based agents help deter intruders in under 30 seconds.

2:14:46Don't just record a break-in. Stop it from ever happening. Plan starting around a dollar a day. Right now, get 60 % off your new system with professional monitoring at SimpliSafe.com slash Spotify. 30 seconds response time requires monitoring plan with outdoor protection starting at$49.99 a month. Visit SimpliSafe.com slash licenses for alarm license information.

From the publisher

Patrick Bet-David and the Home Team discuss the latest Russia-Ukraine escalation after Ukraine’s massive attack on Moscow. They also break down Trump barring CNN, MS NOW, and Politico reporters from the White House, the Greenland deal, America’s economic anxiety, the AI arms race, and much more.------ 👕 SHOP THE ICON COLLECTION: https://bit.ly/3TuUU3x

.👞 Get the NEW Billionaire Suede Loafer: https://bit.ly/4ym5oRA.👞 GET THE FLB1's: https://bit.ly/4mC4uf6.Ⓜ️ CONNECT ON MINNECT: ⁠⁠https://bit.ly/4kSVkso .Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP.👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2 .🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj.🇰 KALSHI: ⁠http://kalshi.com/pbd⁠

.

SUBSCRIBE TO:

@VALUETAINMENT

@ValuetainmentComedy


ABOUT US:

Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller "Your Next Five Moves" (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. He currently resides in Ft. Lauderdale, Florida.

More from PBD Podcast

All episodes