🍨 “Ice Cream Tax Sundae” — Big Beautiful Bill’s scoops. Goodwipes’ porta-potty palace. Robinhood’s crypto stock.

0:28This is Nick. has a deadline of July 4th. If passed, it would be the biggest law of our lifetimes. So as Congress votes, we'll explain Trump's signature legislation by using an ice cream sundae. For our second story, one company just invented a luxury port-a-potty, or as they call it, a port-a-potty palace. The company is Good Wipes. And this ain't a free sample. This is a VIP sample. And our third and final story is Robinhood. Robinhood stock jumped 13 % yesterday to an all-time high. Because Robinhood just created a new thing. It's half stock, half crypto. It's a snowfer. Just kidding. It's not a snowfer.

1:08It's like the mermaid of money, though. But yet is before we hit that wonderful mix of stories. Whoa, what a mix of stories for a T-Boy Tuesday, Jack. Yesterday, we asked you this question. What Broadway musical has the most words spoken during the show? It was T-Boy trivia. If you take the manuscript for the play and do a word count, what musical has the most words? The answer is not Cats, it's not Wicked, and it's not The Lion King. No, the answer is Hamilton the Musical. Which most of you guessed correctly in the comments yesterday. Because Hamilton has 20 ,520 words spoken. That's three times more words than The Phantom of the Opera.

1:46That is 50 % more words than Les Mis. And it's three times more than the average Broadway music. Sorry, Oklahoma. Long word, not as many words. Jack, could you sprinkle on some context to the reason, please? The reason Hamilton has so many words is rap. Nearly every song in Hamilton is straight up hip hop. Check your song before you wreck your song. So the singers are singing three times faster than cabaret. Hey, Galinda, try to keep up. And it's not just words. It's dollars, too. Hamilton is the fastest ever Broadway play to pass a billion dollars in revenue. They did it in just 10 years. The profits are coming, the profits are coming.

2:20But the story behind the curtain for Hamilton is even wilder. Because Lin-Manuel Miranda basically wrote all 46 songs of Hamilton on the subway. And he performed the first song at the White House. True. Six years before the play did its first show. Besties had it all up and we consider Hamilton to be the greatest creative accomplishment of all time. That's no exaggeration. No, it's not. And I'm watching it this weekend. It's a 4th of July tradition. But on our weekly show, The Best Idea Yet, we will tell you how Hamilton became the most successful show ever. And how the business of Broadway actually works.

2:56That one's fascinating. That's right. It's the untold origin story of the most patriotic play everyone's obsessed with. We got a link in the episode description. You can listen right now or on your road trip to whatever beach you're going to on Wednesday. In the meantime, Jack, we got three fantastic stories for today's show. What do you say we hit the T-boy? Let's hit it. Let's take our shot. 15 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. I don't even think they need to practice.

3:2850%, 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.

3:40Start the show. Start the show. First, a quick word from our sponsor.

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5:50That's 50 % off your first year at monarch.com with code T-B-O-Y. For our first story, the big, beautiful bill must get voted on by Congress this week. And it would be the biggest bill in our lifetimes. And we think the best way to explain it is with ice cream, hot fudge, and sprinkles. Extra sprinkles. Now, Yetis, you know that feeling of when you get a term paper deadline and you... It's like right before spring break. Well, imagine if it wasn't the professor who set the deadline. It was the commander-in-chief of the U.S. military. Yeah, because President Trump just told his Republicans in Congress that they must pass his bill by the 4th of July or they don't get a holiday.

6:35No vote, no vacate. Now, as far as I know, the president does not set the working hours or vacation days of Congress, but the threat was understood. Ah, yes, and that threat of losing a valuable three-day weekend, it is a powerful force. So the Senate is voting on this bill as we speak. Now, to sprinkle on some context here, Yetis, this one big, beautiful bill act, as it is officially known, is 940 pages long. To read it out loud would take 16 hours. Sorry, it did take 16 hours. It happened on the Senate floor on Sunday. And if you want to understand this bill, well, basically it is Trump's social, political, and economic philosophy in one single act of law.

7:18Or as we call it, an ice cream sundae of MAGA. And yes, in case you were wondering, Elon still hates it. He tweeted over the weekend that this bill is a disgusting abomination. Elon even pledged to unseat any Republican who votes for this bill if it's, and I quote, the last thing I do on earth. Now, since this bill is an ice cream sundae of a bill, Nick and I are going to go scoop by scoop telling you what's in it. Yeah, Jack, let's go full Ben and Jerry on this thing. What are we getting in the first scoops here? First, baby brokerage accounts. We covered this on the pod last month. $1 ,000 per kid born during Trump's second term.

7:54It would be invested in the stock market for, they'd take the money when they're 18. Another scoop? Well, this bill will increase spending on the military and defense, border security, and ICE. The bill would also kick an estimated 13 million people off of Medicaid. It would cut food stamps by 20%, and it would end the EV tax credit as well as other clean energy initiatives. Basically, if you want to sum up these plans, it uses the cuts to healthcare and the environment to pay for the defense and immigration budget. But the rest of the bill is not paid for at all. We should point that out. It's expected to actually add$4 trillion with a T dollars to our national debt.

8:31Because the bulk of this bill is the ice cream scoops. Right. The$4.5 trillion in tax cuts. Those tax cuts, those are the hefty ice cream of this bill. The One Big Beautiful Bill Act would make Trump's 2017 tax cuts, which were set to expire this year, permanent. Now, it would also add a few new tax cuts that we haven't had before, like no taxes on tips and no taxes on overtime pay. But add it all up, and this Senate version of the bill is$1 trillion more expensive than the one the House passed one month ago. So, Republicans added a$5 trillion increase to the debt ceiling in there, just to give them a little bit of wiggle room, which would be the biggest debt ceiling increase of all time.

9:12And now, besties, we should point out it is not clear that the biggest bill in our lifetimes is actually going to pass through Congress. Two Republican senators appear out, and Republicans only have space to lose one more senator. But in the meantime, we should point out how big$4.5 trillion is as a price tag. What do you think, Jack? The$4.5 trillion in debt this is going to add to America could buy every American an iPhone every year for 15 years. Or just 15 iPhones right now, apparently. But then the camera upgrades. You don't get the camera upgrades, Jack. So Jack, what's the takeaway for our buddies who are everyone in America?

9:49The big, beautiful bill is an ice cream sundae for the wealthy with populous sprinkles on top. Now, yetis, the most expensive part of this bill by far is the tax cuts. And the majority of the tax savings will go to the wealthy. In fact, 90 % of the tax cuts are an extension of Trump's previous 2017 tax cuts, which mostly benefited the wealthy and corporations. The new tax cuts, the ones for tips, overtime, and car buyers, those make up less than 10 % of the cost of this bill. And the rest of the bill, dollar for dollar, it isn't much compared to those initial huge tax cuts. So the way to think about this bill, it's like an ice cream sundae for high-income earners.

10:27But with sprinkles on top for populist political points.

10:35For our second story, Good Wipe, the brand disrupting toilet paper, is marketing their wet wipes with luxurious porta potties. We just got the numbers, and these porta palaces are the ultimate free sample. All right, Jack, we're going to tell the story. We got to talk about the worst life experience, retail or otherwise. What is just disgusting? I'm 13 years old. My brother and my dad and I are camping out at the Indy 500. I'm already out. It is hot as hell. We just finished sleeping in the tent, and I need to go to the bathroom. Is this a vacation? No, it's not a vacation. I go to a porta potty, and I left.

11:12You don't even need to go. You don't even need to go. The porta potty is the closest humanity gets to our caveman origins. It is a primal experience in there, Jack. But at music festivals nationwide, VIP wristband holders are getting access to a luxury porta potty experience. Get this, we're talking golden toilets, neon signs, even red velvet rope with a bouncer. There's beautiful music played inside to create the ambiance and hide the noise. It's called a porta palace. And the company behind it, interestingly, is Good Wipe. Good Wipe is a flushable wet wipe brand. And now we should point out, Yetis, that this is not something you're just going to see at music festivals this summer, right?

11:51Good Wipe is parking their port-a-palaces outside of frat parties and outside of college football tailgates, too. So the next time you're doing Jaeger bombs over at Sig Sig F, you may be relieving yourself in a giant port-a-potty palace made of gold. Good Wipe's fancy port-a-potties are so popular, they have a wait list. 50 events want them parked where the port-a-potties would be. Jack, this Good Wipe's palatial port-a-potty is like the most in-demand toilet since I don't even know. The padded seat? Oh! Again, that's a hot take. We're going to get canceled for that one, Jack. I think I saw one at Bezos' wedding.

12:25In the paparazzi. No, I didn't. But let's sprinkle on a little bit of context, Jack. Because Good Wipes was the pioneer in the adult wet wipe industry 12 years ago. And Good Wipes competes with Dude Wipes, the wet wipe rival that's valued at$300 million. But together, they are tearing up the toilet paper industry. Charmin isn't for a Harman, baby. Remember during the pandemic when everyone started hoarding toilet paper at the beginning? Well, it turned out that toilet paper hoarding caused a wet wipe sales surge. And that's when good wipes got acquired by Kimberly Clark. Kimberly Clark is a$40 billion company behind Cottonelle.

13:02They were getting disrupted by wet wipes, so they bought a leading wet wipe company. Strategic timing, because since then, the wet wipes industry has seen sales double every single year. In this economy, the wet wipe is a bathroom treat yourself. Yeah, like wet wipes are kind of like the poor man's bidet if you think about it, right? Yeah, they are. And the market is surging for them. But we should point out, Yetis, a fast-growing market does not mean a big market. Which is why we have the Port-A-Palaces. Exactly. Good Wipes is trying to get beyond the early adopter by getting the party-goers.

13:35And you know what? We just got the numbers, and it's working. Get this. In cities that have had a Port-A-Palace, Good Wipes' web traffic rise 34%. Sit down. And sales jump by 10%. Stand up and sit back down again. At your next wedding, you could become a wet wipe convert thanks to this port-a-palace. And just to be clear, these port-a-palaces are stacked with good wipe wet wipes. Take as many as you want. Take as many as you need. You can even take some on the go. I know it's been an hour. I don't care. I love it in here. So Jack, what's the takeaway for our buddies with the luxurious port-a-potty palaces?

14:12It's time to evolve from the free sample to the VIP sample. Yetis, the free sample, and maybe the least respected and unoptimized opportunity in marketing. Because when it comes to free samples, we all envision the Costco free sample. Right, yeah. A free tiny cube of cheese at the end of aisle six. Can I keep the toothpick? Oh, sure. Who cares? But think about that. It's a boring presentation. It's an awkward interaction. And you're randomly giving something to a person who has no intent to buy it. Enter Good Wipes. They just flipped the script on how to conduct an effective free sample. Because the experience is premium, it is natural, and it is totally aligned with the target customer's intent.

14:52You are already going to the bathroom, but Good Wipes just upgraded every detail. We think it's a case study in exactly this. Not just a free taste, it's a flex. Instead of a free sample, hand out a VIP sample. Now a quick word from our sponsor. You know what's a fun habit? getting to hang with you guys every day on this show. It's what we do. Another fun habit, listening to audiobooks about habits. Like Atomic Habits, the legendary piece about building habits that better your life, right? And the Atomic Habits audiobook is on Audible. We're excited to collab with Audible because it's how we find our road trip companion.

15:28The written word, spoken. So besties, you can create a habit of enjoying audiobooks while you multitask. Which I believe is chapter three of Atomic Habits. That's right, Jack. Wash pots and pans, awkwardly fold those fitted bedsheets, floss your teeth while you're winding down, listening on Audible. If your hands are full while listening to Audible, then you're doing it right. So summer's not over. Replace doom scrolling by listening to an audiobook that a human put all their thought and effort into. Audible, it's stories that speak to you. And new members can start listening with a 30-day free trial at audible.com slash tboy.

15:57That's a 30-day free trial at audible.com slash tboy. Take it from a couple guys with a lot of habits who have become your habit. This message is brought to you by Apple Card. It's a new school year, which means yet another back-to-school shopping list. Luckily, when you use your Apple Card, you can earn 3 % daily cash back on everything at Apple, including the new iPad Air and the MacBook Pro. Apply for Apple Card today and unlock the tools for a productive school year. Subject to credit approval, Apple Card is issued by Goldman Sachs Bank USA Salt Lake City Branch. Terms and more at applecard.com.

16:27For our third and final story, Robinhood just went from U.S. stock trading app to a global one by merging stocks and crypto into an entirely new thing. Robinhood is at an all-time high because it moves fast and fakes things. You know, yetis in the past year, Jack and I have been paying attention, and Robinhood shouldn't be called Robinhood. It should be called Sir Ships-a-Lot. I like Sir Lance-a-Lot. I think that's what I said, little John, because on Monday, Robinhood shipped three new products. That sent the stock up 13 % to an all-time high. Sherwin Forest is so hot right now, Smokey the Bear is issuing a forest firework.

17:09Maid Marian is making money on this stuff. Get this, Yetis. Robinhood is now worth$80 billion. Its stock is up 10x in less than two years. Jack, those are Palantir numbers right there. And the biggest launch they announced yesterday is an entirely new financial concept. Stock tokens, or as we call them, stable stocks. Stable stocks. Now, Eddie, as we should point out, you know about stable coins. We've told you about them on this show. But stable stocks, that is an entirely new thing. Robinhood announced it yesterday, and it's their way to expand overseas with a backdoor move. Now, to sprinkle on some context here, we are the context.

17:48Because Jack and I worked at Robinhood for three years after we sold our first company to them. Dude, we were in the trenches at Robinhood. We were deep. We were deep. Now, we saw the company put out massive investments to expand to Europe, and they did so unsuccessfully. Because expanding to Europe requires complying with massive rules and laws and regulations in each and every country. Like Belgium. Oh, yeah. You must comply with the Belgian dip. The Belgians won't let you sell a stock unless you put mayo on your French fries. Well, instead of complying with that ridiculous mayonnaise roll, which Nick just made up, Robinhood is going to offer citizens of the EU stock tokens, which is a stock but the crypto equivalent.

18:30So let's play this out. For example, besties, instead of buying Tesla stock directly, you could buy a token of Tesla stock equal to one share. Robinhood will hold actual Tesla stock and then give the owner of the Tesla token all the benefits of stock ownership. So the value of that Tesla token rises and falls just like Tesla stock, but technically it's crypto. And there's much less regulation when it comes to crypto. So stablecoins, the ones we told you about before, they give you the benefit of a fiat currency, but quicker and with less friction and fees. It's the same with stable stocks. You get access to the U.S.

19:07stock market, but without the friction and cost of regulations. And since it's a tech product, not a stock, Robinhood doesn't need to comply with all those European stock market laws. What's the catch? Well, I guess the catch is you're taking on the risk of Robinhood itself. Good point, Jack. Like if Robinhood goes out of business, then your Tesla token, it goes away as well. Robinhood's goal has always been to become a global finance company. Yes, it has. And yesterday, they stamped their passport in a way no finance company ever has. So Jack, I gotta ask, what's the takeaway for our buddies over at Robinhood?

19:42Robinhood is moving fast and faking things. And that's not a bad thing. Yetis, for a while, Robinhood was the rebel of U.S. finance. They got accused and charged with breaking rules. Like Zuckerberg, they were moving fast and breaking things. But now Robinhood has found a new way to innovate. They bypassed the rules altogether by faking it. For example, Robinhood is not a bank, but they do offer FDIC-protected bank accounts using a partner bank. And here's the other example. Robinhood isn't regulated to sell stocks in Europe, but they now offer stocks on the blockchain instead of the European stock market.

20:21Kind of faking it. Yeah. So Robinhood is flexing its strength here, coding, in order to offer a backdoor to finance that is cheaper and easier. Now, we should point out, financial history is littered with examples of financial engineering gone wrong that can lead to a financial crisis. But so far, investors are loving what Robinhood's techies have figured out. It's a growth hack for Wall Street. Robinhood is moving fast by faking things.

20:49Jack, could you whip up the takeaways for us for T-Boy Tuesday? The One Big Beautiful Bill Act is being voted on the Senate right now. Trump wants it passed by the 4th. Elon wants it passed never. So besties, think of this bill as an ice cream sundae for the wealthy with populist sprinkles. For our second story, Good Wipes is marketing their wet wipes with luxury porta-potties at events. They're port-a-palaces. Yeah, and they are working. This ain't a free sample, besties. This is a VIP sample. And our third and final story. Robinhood stocks soared to a new all-time high as it offered stock tokens to all of Europe.

21:26Robinhood's success is moving fast by faking things. But yetis, this pod's not over yet. Here's what else you need to know today. All righty, up first, we got the Jeff Bezos wedding in Venice. That cost him 55 million bucks. But the real winner was the city of Venice. Venice, Italy brought in an estimated$1 billion of economic activity thanks to these nuptials. Yeah, basically if 250 people attended the wedding, they spend$4 million each over the weekend according to that estimate. Yeah. So if you think your vacation is expensive, DiCaprio spent$4 million in Italy. But you know how DiCaprio goes with like the room service.

22:02He's big on the room service, man. Yeah, I don't think the$4 million includes that. And second, the TikTok update. President Trump said he has found a group of very wealthy people to buy TikTok. As a quick reminder, it was supposed to be banned in January, but enforcement by the president has been delayed and then delayed again. Now, Trump has basically teased and didn't say which wealthy guys want to buy this thing. And we're saying guys because I don't think any women would be dumb enough to do this deal. But no matter what, it still depends on China, which has no obligation to sell their prized tech company.

22:33And finally, AI just replaced the changing room. That's right. Your closet just lost its job to artificial intelligence. I think your mirror lost its job. Yeah, good point, Jack, because Google just launched a new app called Doppel that they're testing out. Like Doppelganger. It lets you try on clothes digitally. It'll show you wearing that cute top that you previously could only see online. Hey, you look great in that thing, by the way. So if on the Reformation website you want to buy jeans, you could now try them on with AI before you add them to your cart. Now time for the best fact yet. This one sent in by Dylan Schneider from lovely Hollywood, California.

23:12Push and play. Here we go, Jack. Hey, Yeti. It's Dylan Schneider here from Hollywood, California. Last week on the pod, you spoke about how the new Apple F1 movie put IMAX cameras inside an F1 car. This is not entirely true. It's a single real 65mm IMAX film camera, weighs up to 120 pounds, and carries a 1 ,000-foot magazine, which only allows three minutes of shooting. Instead, the production used a digital equivalent called the Sony Venice 2, which records 8.6K resolution and features a detachable sensor block that allowed the filmmakers to mount three of them on the car at once. This mini camera system was designed specifically for this film.

23:44Get in the sense Dylan works in the industry, Jack. But to add it up, I think what he's saying is that because Apple was behind this movie, they forced IMAX to create a camera specifically for Formula One racing cars. Instead of an IMAX camera, they basically used a stable camera, like a digital version of the real thing. Snow through, Jack. Snow through. Thanks for the correction, Dylan. Yetis, you look fantastic today. And now that you've finished this show, we think you should take your shot on our weekly show. This episode about Hamilton is truly the best one yet when it comes to the best idea yet.

24:19Couldn't have put it better, Jack. You're going to learn about the whole business of Broadway, how Hamilton got made, and why they were making millions of dollars just on the merch. So download the episode right now and bookmark it for whatever road trip you're taking this weekend. Jack and I, we'll see you there.

24:38And before we go, a happy birthday to Yeti Dan Druva in Portland, Oregon, who's going to an F1 race to celebrate the big day. Perfect timing. Happy birthday to Steph C. in Shingju, Taiwan, who loves her three dogs, Dogu, Wofu, and Happy. And Ruby Sanchez is a young 60 years old celebrating in Bolingbrook, Illinois. Doing logistics. And alles guter zum Geburtstag. To Matthias Schilling, the German unicorn tracker of San Francisco. Eating cakes and writing checks. And Jacob Wright, a.k.a. Dub Sensei, in Providence, Rhode Island, Pro Town is enjoying a cool, zaddy summer. And a big shout out to Derek Edwards, who's been listening since he was an undergrad.

25:19Derek, fantastic to have you with us for the legendary journey. And another shout out to Benson Putra, who's been a Yeti since the market snacks days almost eight years ago. He's an entrepreneur from Jakarta, Indonesia, getting a master's at Harvard. And Benson, love having you with us. Congratulations to Nick and Sam, who are expecting baby number one and are already setting up that 529. And Patrice DiPisquale in Cincinnati, Ohio, made her Q3 touch points goal to listen to the T-Boy podcast every day. Patrice, we are here for you. Happy four-year anniversary to Whitney and Aaron Chang in Salt Lake City, Utah, who've been listening since the Robin Hood days.

25:55Congratulations, guys. And Nariman in Toronto, Canada, wants to know if we have ceviche every Wednesday. Well, I thought ceviche was sashimi until like two weeks ago. Nariman, let's just say we got a poke problem.

26:14This is Jack. Nick and I both own Stock of Robin Hood. Business is booming. Is your fulfillment ready for peak season? Switch to ShipStation now and handle more volume with confidence when it counts. ShipStation connects Shopify, Amazon, TikTok Shop, and over 200 more integrations with one platform that does it all. You can manage orders, sync inventory, track returns all automatically. Everything your operation needs all in one place. Right now, qualified shippers get a real dedicated person to get you set up and switched over for free. So when peak season hits, you're ready to go. Switch today at ShipStation.com code audio.