🧸 “Hand-Me-Downs” — Toy Story 5’s generationalism. SpaceX’s ATM Meme. Ben & Jerry’s Interview. +Boston’s Outta Beer

0:00This is Nick. This is Jack. It's Thursday, the new Friday, June 18th, and today's pod is the best one yet, and this is a T-Boy. The top three pop business news stories you need to know today. Oh, yeah, we got a special sweet treat coming for you in tomorrow's pod. We'll get to that in a minute, Nick. But in the meantime, Jack, we've got three fantastic stories for the most interesting show in business. What do we got on today's pod? For our first story, Toy Story 5 debuts this weekend, and it explains the entire movie industry right now. Because the best way to understand Hollywood is that it's obsessed with hand-me-downs.

0:34For our second story, SpaceX has turned into Elon Musk's$2 trillion ATM. An ATM. His next move? Sell SpaceX to buy Tesla. And our third and final story. We just interviewed Ben. As in Ben of Ben and Jerry's Ice Cream. That Ben, the full interview, publishes tomorrow on how they started, how Ben can't smell, the craziest acquisition of all time, and why now he's trying to buy it all back. But today we're giving you a five minute taste of that episode. But yet is before we hit that wonderful mix of stories. I mean, what a mix of stories to send you off to Italy. Love the mix, Jack. For the first time in history, you can't get drunk in Boston tonight.

1:12Because besties, Boston has run out of beer. Emergency edition of Horner's Almanac week 325. Oh, we repeat, Boston is at a bruise. True story. According to the NBC local Boston affiliate, Boston bars did four times as much beer sales last weekend as a normal weekend. Get this, one bar just did three times as much as St. Paddy's Day just on Sunday night. The kegs are kicked, the Guinness is gone. Sammy Adams, nowhere to be seen. The culprit, by the way, not the Barstool Bros of Beantown. No, no, no, no, no, no. It's actually the Scottish soccer hooligans sipping up all that brewskies. Because Scotland is in the World Cup for the first time in 28 years.

1:54And it appears the entire population of Scotland is here to watch. And to imbibe. All of Scotland's group matches are down in Gillette Stadium. Just outside, actually pretty far outside Boston. Gillette Stadium's like an hour. And you're going to hit traffic, so leave now. So all the ancestors of Sean Connery have made their pilgrimage to Beantown. Yeah, and after Team Scotland beat Team Haiti, they hit the bars like Braveheart. On the home front, by the way, Scotland declared the day after the opening match a bank holiday so that people could sleep in afterwards. But in Boston, the Scots ain't sleeping in.

2:25They're drinking out. Forget the Boston Tea Party. This is the Boston Beer Party. Literally. Although we're shocked Massachusetts doesn't have a strategic ale reserve. Right, Jack? But don't worry, Boston. Reinforcements are coming. One if by land. Two if by sea. Let's hit our three-story snake. Hey, Darlene, toss some Baileys in my Dunkin' Culatta, why don't you? Pumps a hazelnut. Fifteen years before this song. Two boys from the Northeast met in the dawn. 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. I don't even think they need to practice.

3:0250%, 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.

3:14Start the show. First, a quick word from our sponsor.

3:24Monarch. All right, Yetis. One lobster roll, no joke, 50 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.

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4:26That's 50 % off your first year at monarch.com with code T-Boy. Beer-o 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 Biro, the premium non-alcoholic beer brand co-founded by Tom Holland. Yeah, I actually first saw it at my grocery store.

5:00Delicious tastes like a celebration, feels fantastic, and looks legit. More 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 wins 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.

5:33So, Bastis, if there's a win you're celebrating every day, Bureau is the non-alcoholic brew brand you gotta bring. So, use code T-Boy for 20 % off your first order at BureauBrewing.com.

5:47For our first story, Toy Story 5 hits theaters tomorrow night at a critical moment. Because the best way to understand Hollywood right now is to think of movies as hand-me-downs. Oh, yeah, these gather around the campfire. Because like any good tale, Jack, let's start with the origin story. The origin story of Pixar is so good, it needs its own Hollywood movie. Let's create a prediction market. I predict there will be a Hollywood movie about the birth of Pixar before 2030. And we're going to be the guys to write it because Jack read the book Creativity, Inc. Is that your favorite business book, I got to say?

6:22My favorite business book. I actually put a link in the episode description in case you want to learn more. All right, Jack, sprinkle on the T-boy historical context like your Andy, please. Pixar was the first computer animated studio and it was founded, shockingly, by George Lucas. Yeah, Star Wars George Lucas. He used it for some special effects, but when George Lucas got divorced, he needed money for his divorce settlement. So he sold Pixar. That's wild, but even wilder, Jack, who did George Lucas sell Pixar to? Steve Jobs, who had just been fired from Apple. George is getting divorced, Steve is getting fired, and an animation studio is getting adopted.

7:02Wow, there's your plot twist, besties. But that's not the end of the story, Nick. It was Steve Jobs who oversaw the creation of Pixar's first Hollywood movie, Toy Story. Okay, but then Steve wasn't getting a steady Apple paycheck like he used to, so he IPO'd Pixar before Toy Story premieres. Which was a genius move, because in 1995 when Toy Story premieres, one year after The Lion King, by the way, it represented a gigantic technological leap in moviemaking. And 11 years later, after Finding Nemo, The Incredibles, and car, Steve Jobs sells Pixar to Disney in 2006. And in the year 2006, Steve Jobs is Apple's CEO again, and he needs to focus on a new project he's been working on.

7:43It's the, you know, a little computer that could fit in your pocket kind of a thing. Yeah, let's call it a hardware mobile device that takes the iPod to the next level. Maybe it'll work, maybe it won't, but I don't want to be distracted by Pixar in the meantime. Now, since that 1995 premiere, the Toy Story franchise has generated$16 billion in revenue. To infinity, the numbers, Jack, to infinity and beyond. But Besties, Toy Story 5 is next. It premieres tomorrow, and there's a lot riding on this one. Well, they're expecting a better opening weekend than the Boo Boo Dolls, Nick. $175 million domestically, but what's the plot, Jack?

8:20The plot is that the toys battle with another Steve Jobs creation, the iPad, for Bonnie's attention. The existential question, does watching this movie count toward your kids one hour a day of screen time? Parents grappling with that one all weekend, Jack. Now, prediction markets give Toy Story 5 a 24 % chance of being the number one box office movie of 2026, trailing only Spider-Man. Yeah, Mr. Potato Head, he's got his money on this one, Jack. And this will be the 13th Spider-Man, Nick, since Tobey Maguire's first version in 2002. 2002. On pace to beat Fast and the Furious pretty soon. Not too shabby.

8:54Although Toy Story 5 does have the Swifties on their side because Taylor Swift does the original song for the Toy Story 5 soundtrack. Inspired by cowgirl Jessie. That's right. Pixar has entered its collab era. Your move, Uncle Ben. Your move. So the big money believes that blue chip Hollywood IP, Spider-Man and Toy Story will be number one and number two at the box office this year. And the 2026 box office is looking really good. It's only 3.5 % behind the record-setting box office of 2019. These are looking like pre-pandemic numbers, Nick. Siskel's giving them two thumbs up. Oh, how about IMAX, by the way, Jack?

9:31They just announced record pre-orders for the Odyssey tickets. IMAX stock is at an all-time high, too. We can't even get them for opening weekend. Jack and I tried. You got to get Zeus to throw a lightning bolt down if you want to see that movie. So think of Hollywood right now as having a puberty moment. I like what you're saying, It feels as hopeful as ever. It's about to go into high school, but it's also feeling as insecure as ever. A little bit of acne on those numbers because we just listened to a New York Times movie critic who made a very interesting statement about the state of Hollywood.

10:01This is what we find fascinating about Toy Story 5. Think of the movie industry right now like your big brother's childhood pants. So Jack, what's the takeaway for our buddies over at Toy Story? Gen Z doesn't want their parents' hand-me-downs. Yeah, dating back to the 1970s, moviegoers have had generational films capture their collective imaginations. This is gonna be fun. Can we go through the list? 1970s, you had Jaws, Star Wars, and The Godfather. Jack, 90s, we had Jurassic Park, Forrest Gump, and Titanic. And then 2000s, we had Harry Potter and the Marvel Cinematic Universe. And those Fast and the Furiouses.

10:38But since the 20-teens, under financial pressure from streaming, Hollywood stopped creating and started iterating. And in the 2020s, Gen Z has finally started to say no. 20-year-old Tammy saying, I'm not paying 20 bucks to go to a theater and watch worn out IP I don't connect with. She had franchise fatigue. But this year, we learned that there is something that will pull Gen Z out of their couch and into the movie theater. We just did a story on it. The YouTube first movies that are crushing it this year. Backrooms and Obsession. Oh, and the most talked about film at the Tribeca Film Fest going on right now, Dreams of Violets, which is made by AI.

11:12So Toy Story and Spider-Man will be number one and number two this year, but the studios behind them aren't feeling confident. No, they're not. Because Gen Z is telling them loud and clear. We want something new made for us, not something that belongs to another generation. We don't want hand-me-down IP from our parents. For our second story, SpaceX is now officially a meme stock, the first mega meme stock to the moon. So what's Elon doing with his incredibly overvalued SpaceX stock? What's he doing, Jack? He's selling it, Nick. True story. He's selling it. Jack, we're almost one week from the record-setting SpaceX IPO.

11:50How much money did SpaceX raise as of now? $86 billion when it was all said and done. Oh, and since Friday's initial public offering, the stock in SpaceX has jumped 50 % higher. And it's all thanks to retail investors. Moms and pops, bros and does, a seven-year-old Yeti actually emailed us that he bought SpaceX stock with his allowance money. Okay. I love how early this kid is getting skin in the game. Oh, I should point out it was actually earned money. He did it by doing his chores. It's sweat equity, Nick. But get this besties. On Monday, 74 % of all single stock purchases on the market from retail traders was SpaceX.

12:2774%. And since the IPO on Friday, retail investors have bought more SpaceX than all other stocks combined. It's like Wall Street's a big buffet, but everyone's just loading their plates with the same space meatloaf. SpaceX stock is the new Labradoodle. Everyone is getting one. And none of them are adopted. These are designer Labradoodles. It's very expensive. Now, Wall Street buying on the IPO day made Elon a trillionaire, but retail investors are trying to make him a two trillionaire. Because Elon is the oracle to traders on X and Reddit trying to get rich by boarding the Elon trade. But with just 4 % of SpaceX's shares available to buy and sell in the market right now, the buys are simply overwhelming the sales.

13:11One sec, Jack, pause the pod to whip out the whiteboard. We got a low number of shares, plus insane retail demand, plus an underlying stock whose profits and financials don't really matter. That is the recipe of a meme stock. It is, it's a meme-y. SpaceX has become one. But this is the first mega meme stock worth$2 trillion. You see, with only buyers and no sellers, SpaceX is now worth more than Amazon. But we'll see how the stock does in three months when insiders are finally allowed to sell after their first earnings report. But Jack, that brings us to the pinata moment. Elon is celebrating and he's whacking something.

13:46What exactly is he whacking right now? The sell button? Is that what you're getting at, Nick? That's what I'm getting at, Jack, because with SpaceX trading at 200 bucks a share, the first thing Elon's done is sell baby sell, smash that pinata sell. On Tuesday, he sold 300 million shares because he announced he was buying Cursor, a leading AI company specializing in coding. And how did he pay for this leading AI company, Jack? Entirely by issuing brand new SpaceX stock. Basically, here's 300 million SpaceX shares worth$60 billion. Boom, your company is now my company, Ipso facto. And next up, he's going to buy an even bigger company.

14:20He's probably going to merge Tesla with SpaceX, forming the first ever Elon Glomerate. Get this, on Friday last week, SpaceX's president implied that Elon planned to merge his two top companies. And Elon recently said that he thinks SpaceX would be doing a trillion dollars of revenue by the end of the year. What's the only way that that could possibly happen, Nick? Jack, it would be if Tesla's revenue is part of SpaceX's. We're talking about an Elon Glomerate. They sell electric cars, rockets, robots, solar panels, satellites, and orbital data centers. Oh, and Grok, and probably a lightsaber one day.

14:55By the end of the year, we bet Tesla and SpaceX will be one company. Call it Spasla, Tay-Sex, new names, TBD, but it will definitely have an X in there. So we'll get self-flying cars or self-driving rockets. True. Either way, both will have cup holders. So Jack, what's the takeaway for our buddies over at SpaceX? The stock market is like an ATM, but for Elon, it's open 24-7 with no limit. Yeti's Elon has a vision. He motivates his workers, he hires top talent, and he tweets all about it. But his true superpower is convincing people to buy stock. You see, in the 2010s, Tesla sold$20 billion of new stock on the stock market to fund Tesla's pre-profit era.

15:36Any other car company would have gone bankrupt, but Elon never ran out of money because he just sold new stock. And since 2023, with X and Tesla struggling, Elon pivoted to AI and sold$45 billion of XAI stock. And then finally in 2026, last week, the biggest stock sale in history. Sorry, in the galaxy. The size of a planet, Jack. In just three business days, from Friday to Tuesday, Elon Musk sold$146 billion of SpaceX stock. To raise a lot of money, besties, whether publicly traded or private, Elon can sell stock of any company he's CEO of to get cash fast. Don't call J.G. Wentworth for cash now.

16:14Call Elon Musk. That unlimited source of funding, it is Elon's most durable competitive advantage. And that's why the biggest takeaway so far from the SpaceX IPO is that the stock market is Elon's ATM. Now, a quick word from our sponsor. Top hats, baseball hats, Von Dutch hats. We wear so many hats on this podcast. Honestly, we're not great at all of them. No, we've been avoiding hiring someone to wear those hats instead of us, especially the Von Dutch one, because hiring and training can take forever. Well, proud to say that we are hiring right now at T-Boy, and this is a job for Indeed Sponsored Jobs.

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17:20That's Indeed.com slash podcast. Terms and conditions apply. Need a hiring hero? This is a job for Indeed-sponsored jobs. NetSuite next. Yeah, remember that crazy news from Anthropoc recently that like use of their claw chatbot is up 80x? 80x, not 80%, 80 times more than last year. Yeah, with an X. That's a sign of how crazy fast the competition is adopting AI. So if you're feeling like your business is behind, there is NetSuite next. You probably know NetSuite, the AI-powered business management suite that securely connects all your data. It's the unified suite that brings your financials, inventory, commerce, HR, and CRM into a single source of truth trusted by over 43 ,000 customers.

18:00Well, NetSuite Next is the next huge leap. It automatically surfaces custom insights throughout your day. AI agents are working alongside you to solve complex problems or handle the work you don't want to do, and they're not going to bug you for a coffee. And NetSuite Next has a chatbot that you can converse with in natural language. It will never spill coffee on you either. Now, Vezzius, if we needed this product, this is what we would use. For the first time ever, you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to netsuite.ai. slash tboy. Built for every industry, ready for every boardroom.

18:31netsuite.ai slash tboy. For our third and final story, it's Ben Cohen. Yeah, that Ben of Ben and Jerry's. He's on a campaign to buy back his namesake ice cream brand from its corporate overlords. We spoke to him in the most fun 50-minute interview we have ever done. It is amazing. So here is a preview of that full episode, which drops tomorrow, consider it a sweet treat. Push and play. Should an entrepreneur, should an employee take a side on something publicly? I think so. I think businesses are members of the community and they need to be responsible members of the community, responsible to the community, responsible for values other than maximizing their short-term profits and whatever fallout falls out.

19:26The reality is that business is incredibly political. Business controls our elections through campaign contributions. Business controls our legislation through lobbying. They control our media through ownership. They control the lives of everyday lives as employees and customers. So the norm is for businesses to take their stands covertly. They don't want people to know that they are the people that are funding these politicians to do their bidding. They don't want people to know that weapons manufacturers have two lobbyists for every congressperson. I mean, the place is crawling with lobbyists that are paid for by business, that are trying to influence the laws of our country in their own favor.

20:23So if you say, well, business shouldn't be taking political stands. I mean, they're taking political stands every day of the year. But the difference is they're covert about it. They don't want to be open. They want to hide it. And because they're taking all those stands just only in their narrow self-interest. So Ben and Jerry's takes their stands overtly in the interest of the community in general. And, you know, I think there's also this issue of being tarred and feathered with the same brush. You know, the spokespeople for business is the Chamber of Commerce, the National Association of Manufacturers, all these business packs, whatever.

21:09And if you don't stand up and say, no, I don't agree with that stuff, as you said before, I think he who is silent consents. If you don't make your views known, then you're just accepting what's going on. And what do you think then, Ben, though, of the customer challenge? Like if you're a brand that does get political and speaks out openly like you're saying, what do you say to your fans who love your product but may be upset or offended by a side that you're taking on something and have to live with that challenge? Well, you just say, this is honest. This is what I believe in. They're based on a set of values.

21:52And for a lot of people, I mean, most people are buying products from companies in spite of the values. They just don't realize. You know, customers certainly have a choice. I mean, a lot of times, you know, people don't really care that much. Have you ever encountered a customer that says, man, I freaking love white supremacy, but I also love half-baked and I don't know what to do. You know, the interesting thing is that customers that love white supremacy, they usually don't come up to me.

22:29Now, Bessie's Nick and Jack back in the T-Boy studio here. Ben goes on to tell us how he's trying to buy back Ben & Jerry's right now. And he tells us what Ben & Jerry's 2.0 would look like if he succeeds. As well as the first thing he would launch. Spoiler, not broccoli. It's our best interview yet, so tune in for tomorrow's pod. Jack, could you whip up the takeaways for us for the new Friday? Toy Story 5 hits theaters this weekend. It's going to do great, but probably not with Gen Z. Yeah, because they're telling Hollywood Studios, we do not want our parents' hand-me-downs. No thank you to the pants.

23:01For our second story, SpaceX issued$60 billion of new stock on Tuesday to acquire Cursor. Next up, probably acquiring Tesla. because Elon's biggest competitive advantage, for him, the stock market is an unlimited ATM. And our third and final story is Ben Cohen. He's trying to buy back Ben & Jerry's because he wants the muzzle of his brand taken off. The untold story of his favorite flair, the greatest acquisition double dip of all time. Oh, and whether your favorite brand should get political or not, all that on tomorrow's T-Boy. And Nick made him laugh. I think more than any interviewer has made Ben Cohen laugh.

23:33It's the only time I almost hugged our guest, Jack. Almost hugged him in the middle of the interview. Absolutely hilarious. But besties, this pod's not over yet. Here's what else you need to know today. First, Allbirds, the wool shoe company, is now an AI company. You knew that because we told you on the pod. But they also just got a new name for the business. They changed their name from Allbirds to Smartbirds. Smartbirds, they sold off the sneaker business already, and now they're just focusing on AI infrastructure and they're doubling down. Allbirds, I mean, Smartbirds, the CEO just confirmed it.

24:03No one's going to remember the shoes, she said, as the stock jumped 15%. And second, two huge open questions as we enter the holiday weekend. First, what's in the text of the Iran-USA deal? Reporting is that Iran will open the Strait of Hormuz in exchange for funds getting unfrozen and sanctions getting lifted. But the other question, how long will America block Anthropics' latest AI model and why? Those two questions are fundamental to U.S. energy markets and the U.S. AI industry. And finally, a new study from Consumer Reports corroborates the surveillance pricing that, uh, Jack and I have been warning you about.

24:36Uber and Lyft charge different prices for the same exact ride. Oh, baby. The prices range a whopping 50 % sometimes. Jack, we got to add this to the old surveillance pricing burn book. If you see pricing, say pricing. Now time for the best fact. Yeah, this one whipped up by Jack and I for tomorrow's national holiday. The first piece of Juneteenth-specific real estate was a crowdfunded park in Texas. 1872, four formerly enslaved men named Richard Allen, Richard Brock, Jack Yates, and Elias Dibble pooled their money to buy a 10-acre plot in Houston for$800. Specifically, this plot was for the community to have a place to celebrate Juneteenth, since they were barred from the city's other parks.

25:20They were literally not allowed to celebrate anywhere else, so they just did it themselves and bought their own land. That$800 acquisition from four separate men is today Houston's Emancipation Park, a crowd-funded physical manifestation of the Juneteenth holiday. Yetis, you are looking fantastic today. Jack, bellissimo. Do be amore and dare andiamo adesso. Let's get to that airplane. Guys, I'm going straight from the studio to the Montreal airport to fly directly to Naples. First time in Italy. I'm just going to be olive oil, wine, pasta, maybe some octopus. You can't see Jack right now, but he has a napkin tucked into his shirt, actually, because he's already worried about the marinara.

26:04Now, Nick studied abroad in Italy. What do I say, Nick? Grazia? It's grazie. It's bolognese. Yeah. In Italian, you gotta own the vowels. The vowels at the end specifically, right? Nope, just every vowel, Jack. It's just every vowel. Yeah, it is. We hope you enjoy the Ben and Jerry interview tomorrow, and have a phenomenal weekend. Nick and I will be back with you on Monday. If you know, you know. Se si perdi. Si perdi. Is that if you know, you know in Italian?

26:34And before we go, a happy birthday to legendary Eddie, Ethan Ramirez, turning seven down in Tampa. This guy has been investing his chores savings money, and he's been putting it into SpaceX stock. Get this kid a vest, because he's investing. Kevin Dolan in Yonkers is turning 34 and a half. We're going to see him in a T-boy starter jacket one day, and Kevin will get your full birthday next year too. Happy birthday to Laura Stowater and Kurt Peters, both having a birthday in Iowa. And James Mueller's turned 11 on the golf course in Adina, Minnesota. And happy 46th birthday to Rachel Platts in Beaver, Pennsylvania.

27:05And Jade Fiftner is going on vacay in Alaska for the first time. Enjoy, Jade. Congratulations to Anthony Whitlow in Troy, New York, getting ordained as a licensed minister in the gospel of the seven-day Adventist church. And John Robinson and Susan Loringer, a couple that T-boys together, are celebrating their 10th epic anniversary down in Hertford, North Carolina. Happy first Father's Day to Gick Fiestans. And And Jonathan Blaha also celebrating the best Father's Day yet. And to anyone else who's celebrating something today, make it a T-boy. To all the Padres, celebrate the wins.

27:39This is Jack. I own stock of Disney, Amazon, Reddit, and Lyft. Nick and I both own stock of Apple. And I own one share of SpaceX. And Nick owns a bunch of shares, I think. That's funny. This episode is brought to you by Bill, the intelligent finance platform that helps businesses scale with proven results. Yet he's paying and getting paid? That is a pain for small and medium-sized businesses. Jack, did you send the invoice? Did they see the invoice? Did you remember to remind them to see to pay to remember to pay the invoice? If you drop the ball in any one of those steps, you don't get paid. Nope.

28:12And you're missing out on cash flow. You should not have to chase your customers. This isn't TAG. So powered by AI, build is all that simply and automate it so that you don't have to. ACH, credit card, check, international wire transfers. They probably do carrier pigeon bill pay if that's how you want to get paid. Bill is the intelligent finance platform trusted by nearly half a million businesses and 98 of the top 100 US accounting firms to manage, move, and maximize your money. They have securely processed over a trillion dollars in real transactions. That is proven infrastructure you can actually trust.

28:43So besties, talk to an expert at bill.com slash proven and get$150 gift card as a thank you. That's bill.com slash proven. Terms and conditions apply. See Offer Page for details.