🏖️ “1st Time in Puerto” — Song of Summer, by AI. Salt & Straw’s $200M ice cream. The WFH Hangover. +Elon’s prediction rate

0:28This is Nick. The NASDAQ fell 4 % Friday, the worst day on the market since April of 2025. What a setup to a wild week, Jack. You are glowing, by the way. I like what you did with the Brotox. I plead HIPAA, Nick. I plead HIPAA. No comment is a comment, but Jack, three fantastic stories for the most interesting show in business. What do we got? For our first story, we might have the song of the summer already, but it's created by AI. The Puerto Rico song. It was made by an AI prompt, but the creator won't share it. For our second story, Salt and Straw has created 900 flavors, and now it wants to sell them all.

1:02But who will buy a bug-flavored pastrami ice cream for 200 million bucks? We'll tell you who we think. And our third and final story, a lot of college kids are graduating and not finding jobs right now. We thought it was because of AI, but it might be a work-from-home hangover. We got the numbers. But yetis, before we hit that wonderful mix of stories, what a mix to come back to. Love the mix, Jack. We were just in Los Angeles for our live show. Amazing week, and next we fly to New York. Because New York is having its biggest week since the Statue of Liberty. The New York Knicks are in the finals, and they host their first game at Madison Square Garden tonight.

1:37The Knicks are generating half a billion bucks in basketball money for the city right now. On Saturday, MetLife Stadium across the river in New Jersey hosts their first World Cup game. And that New York-Jersey stadium's hosting the finals of the World Cup as well. But on Friday, we get the most intense, insane day in Wall Street history. You're going to want to carbo-load for this. The SpaceX IPO, the biggest IPO ever by almost 3x. They're raising$75 billion, which is almost three times as much as the number two IPO. And it's basically the first IPO that's too big to fail. Elon's stated goal for this company is to colonize Mars with a million humans.

2:14But Bestie's funny thing about the SpaceX IPO, Jack and I noticed over the weekend, the New York Times reviewed all of Elon's goals for the last 15 years. All 602 times that Elon publicly stated a goal for one of his companies. And then they counted how many times he hit it on time, how many times he delivered but not on time, and how many times he didn't deliver at all. So besties, how often do you think Elon delivered fully on time for his goals? What percentage of the time does Elon do the thing he says he's going to do? Yes. By the deadline he says he's going to do it. Exactly. What is Elon's real success rate?

2:47That's our T-Boy trivia for today. The answer is at the end of the pod. In the meantime, drop your guesses in the comments. We're going to eat them up. And we got to go grab our astronaut suits because the SpaceX IPO is scheduled to launch on Friday. Uh, Jack, please turn on your microphone. Please turn on your microphone. Oh, that's Houston, Jack. We got to go before there's a problem. Let's hit our team. Fifteen years before this song, two boys from the Northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is the norm. Jack Nick, that's it.

3:16I don't even think they need to practice. Practice 50%. That's a fat tip. T-Boy City on your at list. If you know, you know, cause we ready to go. We can't wait no more. So just start the show.

3:31Start the show. First, a quick word from our sponsor.

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4:4650 bucks on Nantucket. And why is that a problem, Jack? Because we're going to Nantucket this summer on a joint family T-boy trip. It's a write-off. It is expensive, but we will travel with peace of mind because our finances are organized in Monarch, despite the lobster rolls. Monarch is the personal finance app that tracks everything. Accounts, investments, savings goals, and spending. Get your first year of Monarch Core for half off, just$50 with promo code T-boy. Monarch shows visually how much you're spending this month compared to the average month, which is really useful. So like, honestly, this month, been a doozy jack.

5:17Booked a lot of travel, but I know the future months won't be as bad after lobster roll season. You know because Monarch showed you. Last year, you had a spike in May for travel bookings, but a dip in the summer because the travel was already paid for. You can even ask Monarch's AI assistant anything about your finances. Like, what are the key changes in my spending so far this year compared to last year? And how much was spent on lobster rolls last summer. Use code TBY at monarch.com to get your first year of Monarch Core at half off, just$50. That's 50 % off your first year at monarch.com with code T-Boy.

5:51For our first story, the song of the summer, it's the Puerto Rico song, but it's written by AI because the creator had the perfect prompt and he protects it like a cheat code. 2009 Miley Cyrus party in the USA 2015 Bruno Mars Uptown Funk Me Up 2024 do we even have to ask Espresso Naturally by Sabrina Carpenter Yes we have to ask Nick Not everyone's obsessed with Sabrina like you She's an artist The data though is already showing us early signs of the song of the summer for 2026 Jack and I are calling it right now besties It's the Puerto Rico song and we're pushing play First time in San Juan Me hijo Capital of Puerto Rico Now, we're not going to play any more than that because you will never get this song out of your head.

6:40That first stanza is living. It's right up there. I can't get it out of here, Jack. And that first stanza is putting up numbers that would make Beyonce blush. The Puerto Rico song, it's already top 10 on the iTunes charts. Five million views with this song on TikTok. Five million streams on Spotify. The Savannah Bananas already have a dance routine they do at baseball games of this song. Now, this song sounds like every 80s sitcom theme song that you couldn't get out of your head in the 80s. It's kind of like a distant cousin of do you like piña coladas, Jack? Are you getting that? Are you hearing that now?

7:10Yeah, I am, Nick. And according to music theorists, the DNA of this song is purposefully catchy. That's right. We jumped in T-boy style. It's got 110 beats per minute and a pentatonic chord progression that would make Beethoven impressed. It's almost like this song was engineered to go viral. Because it was, get this, the 2026 Song of the Summer, the Puerto Rico song, is the first AI song of the summer. The creator of this song is a dude named William Stidler of Pittsburgh, Pennsylvania, but he goes by Sax Boy Billy on YouTube. That's right. He's a real human person. And Jack said this dude because, as Billy himself said, I'm not a musician, I'm a slob, I don't claim this to be music, real quote.

7:50And yet this slob has a formula for creating music, but he creates it with AI. Billy's actually created over 100 songs on 100 different cities worldwide, Jack. From Tempe to Cleveland to London, they all are basically the same, but about different cities. Like the Hartford, Connecticut song, which has the same cadence as that Puerto Rico song now that I'm hearing it, Jack, push and play. First time in Hartford City, where sports cars drive. Now, most listeners after hearing that don't know that it's AI. but he used Suno, the biggest AI music startup, to create it. And Jack, why is it perfect timing for a Suno-generated song to suddenly go this viral?

8:29Because Suno hit a$5.4 billion valuation last week after a big fundraise. That's one lift. We're talking a company four years old, making$300 million in annual sales on 2 million subscribers who create 7 million new songs per day. That is insane. I mean, talk about AI slop. It's creating 7 million songs per day. And one of them has gone viral thus far. But all of them are facing a huge lawsuit now. That's right, because Suno is accused of using 61 ,000 real human-made songs to train their AI without the artist's permission. Warner Music, Universal, and Sony have all sued Suno because of the reason the Puerto Rico song has gone viral.

9:06Because Suno's AI probably fed its models some Beach Boys, a little bit of Jimmy Buffett, maybe some Madonna to hit those high notes. And then it told that AI, pump out a song that's those three, but don't pay any of them because... So it is unclear, Bessie, if sax boy Billy is making money on his number one TikTok jam, but Suno definitely is. And the guy who wrote that one hit wonder, the Pina Colada song, definitely hasn't made a dime. Rupert Holmes, we see you and we shout you out. So Jack, what's the takeaway for our buddies enjoying the song of the summer? Protect your prompts because they're your business cheat code.

9:40Yetis, the most fascinating detail of this viral song to us, it's what the creator said about how he made it It's all in the prompt That's what he said The specific, very detailed prompt that he entered into AI to generate these songs You want to know the prompt that he pushed enter into and got this song as the output? So do we But that dude won't share it with us In one interview, we saw he accused a music label of trying to steal his prompt In another, he said he'd never reveal his prompt because it's his secret sauce His worth. Now, that prompt, it definitely works because Billy has a dozen other songs with half a million views too.

10:15He probably just replaces his prompt by taking the word Puerto Rico and putting in Cancun instead. And boom, out comes another banger. Besties, this is a revelation of the power of prompts. What you assign AI, it's like a recipe. And since AI's outputs are only as good as its inputs, a perfect prompt is a really valuable asset. So besties, protect your prompts because they are your business cheat code. Our suggestion, create a notes tab. That's some of your best prompts so you can copy and paste them for the future. And then stick it on a pillow, protect your prompt. For our second story, Salt and Straw wants to sell their wild ice cream chain for 200 million bucks.

10:54The reason it's worth that much, a crazy calendar trick. One calendar trick. But besties, Ben & Jerry's, they're trying to buy back their Ben & Jerry's brand right now. Magnum Ice Cream just IPO'd their ice cream brands. And David Protein launched an ice cream on our show last week. Ice cream. It's never been hotter? Or cooler? The news has an ice cream headache right now. Yes, it does, Jack. But one more scoop, literally. Salt and Straw. The Portland-based ice cream icon is looking to sell the entire company for$200 million. Salt and Straw, the biggest company we know that's actually founded by cousins, Tyler and Kim.

11:31Just enough distance to not fight each other all the time. Cousins, they won't be in each other's faces like those Warner Brothers. Full disclosure, Nick emceed the launch of their book about ice cream recipes. It was actually compensated in a dozen pints of ice cream, so I've been compromised in the research of this story, Jack. Nick's very biased, but Danny Meyer invested in Salt-N-Straw, and so did The Rock. They have 55 scoop shops around the country with$100 million in hard revenue. Hard because they don't sell soft serve. But Jack, could you sprinkle on some sprinkly context to that number, please?

11:59Salt and Straw is doing the same sales per location as Wendy's and Taco Bell do. And yet they only serve one meal, dessert. If you adjust their revenue per location by the number of meals. Yes, Jack. In other words, scale it up to three meals a day. Keep going, Jack. Then Salt and Straw is just behind Chick-fil-A as the number one food chain in the country. Sit down, stand up, and hot fudge us again. So who's going to buy Salt and Straw for$200 million? That's totally unclear. Yeah, like Unilever and Nestle, they're both exiting the ice cream business right now. They already have exited. So if food conglomerates are not interested, maybe a strategic acquirer could come along.

12:34What if Starbucks acquired Salt & Straw? They need the cool factor to beat Dutch Bros. What's cooler than a scoop of ice cream and your ice latte? They want to make afternoon sales? There's your sweet treat right there. Oh, and the Salt & Straw co-founder used to work at Starbucks. But Salt & Straw gets people's butts back in the door the same way Netflix does. Predictable unpredictability. That's the strategy here. Predictable unpredictability. We'll explain, but here's where things get wild. The flavors. Because Salt and Straw has 13 permanent flavors, but every month they release five new flavors.

13:07Like Ice Cream Clockwork, 12 months a year for 15 years, they've been launching five new flavors a month. That's 900 flavors total. You're gonna have to scoop up even more context for us with that number, please. Ben & Jerry's has 98 permanent flavors right now, but if you add in the 500 discontinued flavors from their flavor graveyard, then Ben & Jerry's has made 600 flavors in their 48 years. And yet, in just one-third of that time, Salt-N-Straw has created nearly 50 % more flavors. Holy taste buds. Now, besties, Ben & Jerry's isn't too adventurous with their ingredients these days, right, Jack?

13:38It tends to be a combination of sweet, salty, and crunchy. Like, Americone Dream is really not that different than that other late-night host's ice cream. Ben & Jerry's kind of putting cookie dough on everything lately. So to launch new flavors at 10 times the scale of Ben & Jerry, Salt-N-Straw thinks outside the pint. Salt and Straw had an ice cream called salted yuzu curd ice cream. They also did a buckwheat blue cheese pear crumble ice cream. They did charred corn curd. Yeah, second time I said curd. With a mayo base on a pastrami and rye sprinkle sundae. I don't even know what that means. They've done not one, not two, not three, but five bug flavors of ice cream.

14:15Including crunchy cricket ice cream. With a mealworm wriggling in each bite, quote unquote. I don't think the wriggling was literally. But the wild ingredients work flavor-wise because each ingredient plays a role. Like, pastrami replaces the salt. And the wild ingredients work marketing-wise, too. It draws people into the shop to see what's new on the menu. Just like what's new on Netflix this month, I don't know, honey, let's check. It's the same with salt and straw. So salt and straw's flavors are not predictable. But what's key is what is predictable. By the way, Jack, the one flavor Tyler said he could never crack, you know what it is?

14:48Actually, just tell me. He's still working on making salmon work. I recommend he just quits right now. Part of the Pacific Northwest is a tough crowd. Jack, what's the takeaway for our buddies over at Salt and Straw? The calendar is your canvas. Yetis, those nearly 1 ,000 flavors Salt and Straw has cleverly created, they don't drop at random times like Supreme Sneakers do. No, Salt and Straw has a schedule. Five new flavors per month. You see, unpredictable novelty gets the interest, but predictable timing gets you in the store. And each month has a seasonal theme, typically based on the calendar as well.

15:22May was flower flavors, June was baked pie series, Halloween, that's when you get the bug menu. One September, five flavors were launched inspired by books. Right. Because back to school was the seasonal theme. Bestie, that's the key. The calendar is an underappreciated guide to anchor entrepreneurial creativity. Or maybe to anchor your fitness creativity. Do a different workout every month. I don't know. Like salt and straw, the way we see it, let the calendar be your canvas. Now, a quick word from our sponsor.

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16:49Netsuite.com slash tboy. Bureau Premium Non-Alcoholic Beer. All right, Yetis, a little behind the scenes here. Before our New York City live show back in April, Jack and I went sober for two weeks. True story. Couldn't risk getting sick. I didn't want to be groggy. I couldn't afford a hangover. It was New York, baby. Okay, but Jack, celebrating the wins is what we do. And so for our live shows, we crack open something special. So we drank Bureau. the premium non-alcoholic beer brand co-founded by Tom Holland. Yeah, I actually first saw it at my grocery store. Delicious tastes like a celebration, feels fantastic, and looks legit.

17:24More on the looks in a sec. And if it's good enough for the actor who played Spider-Man, it's good enough for us. You see, it pairs well with a pickleball game, a profitable earnings report, or with the best podcast. So, Yetis, if you want to celebrate the ruins with all the taste of a premium lager or IPA, but none of the alcohol, there's no better choice than Bureau. Okay, pause the pod. Did we mention the can is straight up gold? This thing will stand out at every one of your next parties. Trust us, we've done it. Only beer we know that actually upgrades the scene like a promotion. So, Basties, if there's a win you're celebrating every day, Bureau is the non-alcoholic brew brand you gotta bring.

17:59So, use code T-Boy for 20 % off your first order at BureauBrewing.com. For our third and final story, AI is the reason 20-somethings can't find jobs right now, right? Wrong. Wrong. The real reason is actually work from home, according to the Fed. What we're saying is apparently your house is not safe for work. Yeah, but Jack, to kick off with our hero stat, the unemployment rate for recent college grads, 22 to 27, was what before the pandemic? 3.8%. That's it. The old internship to full-time analysts at JPMorgan Timeline, it was alive and healthy. But today, it's 5.6%. That's a full 50 percent increase in the number of people 22 to 27 who can't find work.

18:44And the reason it's obvious, right? It's AI, artificial intelligence. ChatGPT is stealing every entry-level job like it hates Gen Z. Because every entry-level corporate job is about memos, research, analysis. That's what AI does well. Exactly. So AI was eliminating the bottom rung of the career ladder. That's the narrative. Basically, Sam Altman sawed it right off. And the logic made sense. We all know the narrative, although it's been hard to prove causally with data. But pause the pod, besties, because a new study from the Federal Reserve of New York says we're all hallucinating. Figuratively.

19:19You see, they compared the unemployment rates among people working in remotable jobs to those in non-remotable jobs. Softer engineers can work remotely. They just need their computer. But mechanical engineers can't work remotely. They need to, like, use their wrench on that machine right there. Can't fix a fridge unless you're right there with the fridge. And here's what they found. Unemployment for young people working remotable jobs rose by one percentage point in the last five years. But the fascinating key, the unemployment rate for young people working non-remotable jobs, you must be in person, actually fell in the last five years.

19:52So the early takeaway here is that AI didn't take that job. Work from home did. Zooming in can't boom you up. The data basically calls remote work a hangover from the pandemic. But But there's one particular catch to that, Jack. The revelation that remote workers have higher unemployment rate than in-person workers, it's only true for young workers. That's right. Older workers in remotable jobs, they did not have a higher unemployment rate. It was basically the same situation for them. And the Fed thinks that one word explains why work from home hurts young workers, but not older workers. Yeah, it's one word.

20:23Training. Training and mentorship. The Fed hypothesizes that big companies don't want to hire a kid fresh out of college for a remote job. because you can't train that 22-year-old through Zoom like you can if they're right there with you in the office. And the kid can't casually grab a cappuccino to pick your brain for an hour during that lunch break like we all did. Jack, why don't you tell the Yetis what the Fed said specifically about this phenomenon? We show that when people work next to their colleagues physically, they receive more feedback on their output and more mentorship. And when they are separated even by a short distance, that feedback tapers off dramatically.

20:56And so do the coffee chats. It was a write-off, Jax. So Jack, what's the takeaway for our buddies worried about AI? To get fed, you have to be hungry. And to be hungry, you got to be at the table. Yetis, our advice to young college grads right now, go to the city or commute into work. Now's the time. For three years, I lived in a room in New York City that didn't have a window. True story. And guess how much I had to pay? And inflation adjusted three grand per month for one room without a window. We gave you a discount on that, Jack, remember? I paid the least of all the roommates. because of that window thing, and it was still an inflation-adjusted three grand a month.

21:33We got buddy Timmy to pay the most, because besties, in your 20s, especially you gotta be hungry for knowledge. You're basically getting paid to learn. And you're gonna learn best by shadowing someone who's more experienced than you, by sitting in on meetings, by impressing the boss with that great Vietnamese lunch spot you discovered for that meeting. This pad thai's gonna give you a promotion, Jack. Those in-person experiences are the nourishment of your young career. Now, there is an asterisk here, Jack, we should point out. Some people can't afford to live in a city without the support of their parents.

21:59Rent is crazy expensive. Plus, for people with children at home, remote work is a huge unlock. We get it. Now, besties, those are both true. And AI is a job risk, but this Fed data shows that working from home is a risk too. So for our bestie listeners who just graduated, we suggest you do what we did, which is work for a few years at least in the city. It builds character. Rent, it is brutal. Traffic is tough, and it ain't as glamorous as the show Friends always makes it out to be. The apartment is going to be way smaller and have way fewer windows than the apartment from friends. It's going to be the size of Rachel's bathroom, full disclosure.

22:30But to get fed, you have to be hungry. And to show you're hungry, you got to be at the table. Jack, could you whip up the takeaways for us to kick off this huge week? The Puerto Rico song could be the song of the summer, but it's AI generated. The lesson here, protect your prompts because they can be your business cheat code. For our second story, Salt and Straw is for sale for a reported$200 million, 900 ice cream flavors later. Like salt and straw, besties, you can use the calendar as your canvas. And our third and final story, a Fed study says that the increase in unemployment for young college grads isn't AI, it's work from home.

23:06Our advice, work in the office if you can, because you're more likely to get hired and you'll learn a ton. You wanna be at that dinner table. But besties, this pod's not over yet. Here's what else you need to know today. First, to kick off the summer, Bitcoin just entered winter. Bitcoin price is down 25 % in the last month. It's fallen in half from its all-time high. As of this recording, Bitcoin is below$60 ,000 for the first time in two years. Basically, Bitcoin's doing a cold plunge. Now, Strategy, the company that owns nearly a million Bitcoin, they just sold some of their Bitcoin for the first time in four years.

23:35Yeah, they got to pay rent. Yeah. But the reason for the latest drop, we actually think it's the upcoming IPOs. Exactly. Risky retail traders are selling their Bitcoin to stock up on SpaceX. And second, Lululemon is downward dogging. the stock fell to an eight-year low after dropping their financial forecast, Lolo Lemon. Because Viore, Aloe Yoga, and Skims are all eating up Lululemon sales. Sticking them in their pockets. But interesting, management literally cited negative social media commentary as a headwind they're facing. Translation, people don't think Lululemon is cool anymore. Lululemon's getting dunked on.

24:08Kind of like Nike and Starbucks. And finally, one New York City bar just gave away$15 ,000 of free drinks if the Knicks won, and they did. But here's the crazy catch. The bar didn't have to pay for that$15 ,000 of free drinks that they comped their customers. Because at the same time they announced this promotion, free drinks if the Knicks win, they made a prediction on Calci that the Knicks would win. So they hedged themselves like an investment firm, Jack. They lost$15 ,000 on the free drinks because the Knicks won, but they made$15 ,000 on the prediction markets because the Knicks won. Jack feels like a scene out of season seven of Billions.

24:48Now time for the best fact yet, which is an answer to our T-Boy trivia. Jack, what do we got? All right, so the question was, how often does Elon achieve the goals that he states publicly? In the last 15 years, of his 602 goals, Jack, what percentage of the time was Elon on time? He achieved 19 % of his goals on time. Interesting. Now, 35 % of the time, Elon was late or just didn't accomplish the goal. 33 % of the time, Elon never told us if he achieved the goal or not. And we can't confirm publicly because only he has the data. And for 13 % of the time, those deadlines are still in the future and we're just not there yet.

25:22We'll have to wait. Yeah, it is. You look fantastic to kick off the week. Jack, you are glowing over there. Although now I know where the trauma began. What trauma? Yeah, this is why you always want the window seats and why you're always craving light and you're always trying to like open windows. What are you talking about? Because we spent three years living in the East Village where you weren't having a window and you were reminded that it scarred you for so long. I mean, you don't even know what time it is. The amount of times we'd have to go in there and like jump on your bed and shake you up.

25:46Jack, you got to get to work. Besties, if you haven't yet, drop down to give us five stars of rating and review. We love getting them. We love reading them. And Jack and I, we'll see you tomorrow.

26:00And before we go, a happy belated birthday to the legendary Eddie Blake Walgameth, who came down from Costa Mesa to be at our live show. Happy birthday to Adam Okorofsky, turning 53 in Ontario, Canada. And Braden Maykars, turning 24 in Cleveland, listening to our show every single day for eight years. And happy birthday to Jeanette Pagan in Puerto Rico. Carter W., happy birthday down in Ashburn, Virginia. Happy birthday to Rima Naik, turning 31 in Atlanta. And Umpi Dupala has a 23rd birthday up in Toronto. Happy birthday to Calvin Clapp, celebrating at Lane 8 in Salt Lake City. And Steena Ladd, we see your birthday celebrating in New York City.

26:37Happy birthday to Derek Bagley, dreaming big in Spring Branch, Texas. And Beverly Malero is celebrating the birthday with the Prophet Puppies down in Atlanta. Happy four-year anniversary to Pablo and Christina in Madrid, Spain. And Sophia Kim, the future entrepreneur, just got into BU off the waitlist, baby. And congratulations to Ashley Vetter and Will Tyler, who just got married in Penniston, England. And Sawyer and Nicaela Garasai just got married in Syracuse, Utah. Congratulations, guys. And congratulations to Mir and Brand, who just got married and are already off on that honeymoon in Japan.

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28:12Plan what's next by browsing the coming soon calendar of drops at GNC.com slash The Drop. How do you get the protein in the colostrum?