🥐 “WTFrance?” — France’s economic ills. Mark Wahlberg's longevity gym. Elon’s stock giveaway. +NBA billboarding

0:29This is Nick. This is Jack. fuse last night. What's going on in France? Well, a generational budget battle between old and young. For our second story, Mark Wahlberg wants you to live forever. So he's launching a$179 a month longevity gym. Because like all tech, longevity will go from billionaires only to just one Benjamin. And our third and final story. Anthropic is giving$100 billion of its stock to charity, and Elon is giving one SpaceX stock to each of your kids. But we have a third idea for what billionaires should do with their AI trillions. But yetis, before we hit that wonderful mix of stories.

1:03Wonderful mix of stories. Love the mix of the T-Boy Tuesday, Jack. Happy NBA season tip off to all those who celebrate. Plus WNBA finals, Golden State Valkyries versus the Atlanta Dream happening right now. But the basketball storyline that no one is talking about is the one storyline we can't stop thinking about. We're talking about the full court capitalizing of the entire court by the NBA. Jack, you mean the National Billboard Association? Because tonight is the official Amex season tip-off brought to you by Amex. That's right. The first game of the NBA season sponsored by Amex. And starting next week, we have the Emirates NBA Cup, a mid-season tournament sponsored by the Emirates Airlines.

1:42And don't forget the SoFi Play-In Tournament, which is playoffs to determine who gets in the playoffs. Brought to you by SoFi. Where eventually one player will win the Kia MVP award. The top trophy officially sold to a car company. But here's the best one that Nick and I just discovered. Yeah. The Ruffles NBA All-Star Game presented by Wingstop. Jack, did the NBA just take one game and sponsor it with a potato chip company and a chicken wing chain at the same time? Besties, on top of all that, LeBron is now personally sponsored by Polymarket. And he makes four times more money predicting than playing this year.

2:18Besties, the NBA that's now one giant billboard. And tonight, we've got the Knicks versus the 76ers at Madison Square Garden on JPMorgan Chase Court. Oh, right. Progressive Insurance is sponsoring the wood with paint by Yoo-Hoo Chocolate Drink. All brought to you by Amex Tip-Off. Promo code NBA on any website and it will probably work tonight. We see you, DoorDash. We see you. Jack, let's hit our three stories.

2:48Best one, yeah, but the best is a norm. Jack Nick, that's it. I don't even think they need to 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.

3:07Start the show. First, a quick word from our sponsor.

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4:16Get free shipping on your order and 365-day returns. Now available in Canada and the UK, too. And when Quince asks where you heard about them, you got to tell them Nick and Jack from T-Boy sent you. Look sharp and support the show. Monarch. Yetis, did you guys get that grandma check for your birthdays growing up? A white letter envelope stuffed inside a wonderful handwritten card. Great penmanship. Great penmanship. Oh, I just wish I'd had a way to add all those checks up or track them or store them in a piggy bank. If I had Monarch as a kid, I would have known my account balances and watched them grow in probably a savings account before splurging on something awesome to treat myself.

4:49Because Monarch is the money app that we'd always wish we'd had. And when I say something awesome, I mean like a bunch of free spots probably. Yeah, using Monarch today, we know how much our money was going to taxis or it could have gone to scooters and subways instead. With all your accounts securely linked to Monarch, it's like having a financial advisor in your pocket and on your computer. With weekly AI recaps to update you on your spending spikes that you definitely ignored. And while most apps tell you only what you've already spent, Monarch helps you set future spending goals. It's the kind of money app that your grandma would have loved with all her heart.

5:17Write your own money story with Monarch. Use code tboy at monarch.com to get your first year of Monarch or half off at just 50 bucks. That's 50 % off your first year at monarch.com with code TBOI. For our first story, Paris is burning. France is facing its worst riots in a generation driven by inflation. From our perspective, France needs a trade, a generational trade, from old to young. Now, Eddie's full disclosure, Jack and I both study abroad in Berlin and in Florence. And Jack, what was our first observation other than the incredible, enjoyable quality of life and great food? I was like, why is the subway not running today?

5:58Oh, a student protest. Oh, yeah. They're as commonplace as a cafe latte in Europe. Couldn't get to class without at least one Italian railroad strike, could you, Jack? But what's happening in France right now is different. It started normal. Students were demanding better public school conditions across the country. Then that student-led movement merged with a national movement protesting the high cost of living, the inflation situation. It culminated with 110 marches happening on Saturday. Wow. With 500 to 800 ,000 Frenchmen and Frenchwomen participating in this one super protest. But then the month-old movement turned criminal Saturday night and Sunday morning with rioters.

6:32Yeah, criminals took advantage of the moment, ransacked 3 ,000 stores, looted all the inventory, and pillaged the towns. Entire wine store is out of wine now. You had some visceral videos of masked arsonists stealing the front pages and ruining the PR of the protesters. A city hall was burned, a statue of a national hero toppled, cars were flipped, and they were torched. Now, the police botched the response on Saturday, and the result is curfews on Monday night to try to reassert the government's control. One thing Jack and I find fascinating, there is a scene in the final season of Succession that predicted this.

7:06Yeah, Matson, the Swedish guy, he randomly asked Tom out of the blue, is France going to make it? Is France going to make it? Matson says no, Greg says yes, because he read The Economist, and Tom says, what does Tom say again, Jack? He says Americans don't give an F. But Jack and I do give an F, and we want to sprinkle on some context here. Yeti's French students are melting, literally. Yeah, like the school year in France, it ends in early July, and the schools, they ain't got no AC. There's no air conditioning in the summer, these schools can't be kept warm in the winter, and they don't have enough money to pay good teachers.

7:37Now, public education, that is the bedrock of any democracy, so French students are rightfully protesting. But here's the bigger problem over in France. France's economy isn't growing enough to do anything about these bad schools. Jack, why don't you sprinkle on some more economic context for us, please? The average economic growth of France was 1.2 % for the last 10 years. Which is half as much as the United States over the same period of time. France is lagging the rest of the European Union, and it's lagging inflation, which means the average Frenchman is poorer today than they were 10 years ago.

8:08Hence, Matson's question in succession, is France gonna make it? And Nick, can I sprinkle on one more bit of context? Why not, Jack? In the United States, we've been able to endure the war in Iran way better than France has. because we sell more energy than we buy of energy. And in the United States, we've got an economic and stock market growth engine in artificial intelligence, which France does not have. Add it all up, and France is a giant baguette of discontent right now. A ratatouille of resentment, of economic resentment. Meanwhile, American tourists are richer than ever coming to France more than ever to splurge at our maze, which makes the economic pain of a typical Parisian all the more apparent, which leads to a tinderbox of economic tension, busted into what the Financial Times called an orgy of street violence.

8:51Now, Nick, on Saturday night, you had dinner with some friends from Europe while the riots in France were happening, right? We did business school buddies dinner. And yeah, we had one of our buddies from Europe there who's saying, it's not a vibe session. It's a vi-pression because there's no hope in Europe right now. They don't have the mojo. What do you mean? I mean, if you're like one of these guys and you want to start the next big company, you're not doing it in Europe right now, unfortunately. You're coming to the States instead. You're coming to the States instead, which made us think of this takeaway.

9:17So Jack, what's the takeaway for all of our buddies who we are feeling for right now over in Europe? France needs a resources trade from the old to the young. Yet France can only increase spending on schools if it cuts spending somewhere else. If it tries to borrow more money instead, bond investors will punish France with even higher interest rates. So from our perspective, to help students, someone's got to take a hit. And we think it's 63-year-olds. Because in France, the retirement age is 63. That's the age that you get a pension for the rest of your life, and you get to continue benefiting from state-provided health insurance.

9:54Oh, and you want to know why 63 is too low a retirement age? Well, in 1982, France let people retire at 60, with 20 more years of life expectancy. But today, retirement lasts for six years more life expectancy. Those six years of pensions and free health care, that is so costly to the state. That is not possible. People are living longer today, so the economy needs them to work for more before the state takes care of them. Now, France did try increasing the retirement age three years ago. It was politically toxic. But we think it's time to try again. And this time, not to lecture France, but a new idea is to frame it as a generational trade that working for two years longer lets your grandkids have school.

10:35When thinking about the future of a country's prosperity, which France is doing right now, you've got to prioritize the young. Raise the retirement age by a few years and give those savings directly to the schools. France needs a resources trade from the old to the young. For our second story, Mark Wahlberg is launching a longevity gym for 99 % less than Equinox. Why does Mark Wahlberg think that longevity can go mainstream? Well, Costco proves that it works. and the Oscar for wildest, strangest, randomest background in a Hollywood history goes to Mark Wahlberg. Mark, come on up. Marky won. Mark won.

11:18Because before Mark Wahlberg went Hollywood, he grew up in Boston and went to jail as a juvenile for 45 days for felony assault. But prison turned Mark's life around. When he came out, he formed a rap group. Marky Mark and the Funky Bunch, which went platinum. And Mark Wahlberg's real life story became the real-life inspiration for the HBO show Entourage. Johnny Drama was based on his brother, Donnie Wahlberg. Yeah, who is also still struggling to get roles in real life. But Mark's best movie, what would you say it is, Jack? The Departed. He got his first and only Oscar novel. Wait, is it his only?

11:51No, it's a second. It's a second, Jack. Okay. You better watch out. Mark's going to come after you, Jack, because The Departed just celebrated its 20th anniversary as a film. Now, the movie Mark's currently working on also is getting Oscar whispers because Mark Wahlberg plays Pete Rose, the gambling baseball player. And Jack's dad is not going to like that movie. But Jack and I got fascinated with this, Yetis. What is Mark Wahlberg doing at a tech conference for the magazine Tech Crunch during San Francisco Tech Week? Here's what it is, Nick. Mark Wahlberg wants to democratize longevity. Because so far, longevity is all rich people trying to live forever.

12:29Now, to sprinkle on some context, Yetis. Please, Jack. Fitness has gotten bougie. Health and wellness is now simply wealth and wellness. Mindfulness? That is so 2020, isn't it, man? All the Silicon Valley dollars are going to fund willingness to pay for the ultimate ROI, adding years to your life. Longevity. Billionaires are obsessed with it. They're hiring concierges for every bodily function these days. Well, five years ago, Mark Wahlberg launched Municipal, which was the everyman's athleisure brand. But now Mark is expanding that brand by opening Municipal Gym. And their first location hits Las Vegas just next month.

13:05This is a longevity-focused gym. Longevity gym, if you will. Picture Planet Fitness and Equinox having a baby that was raised by Brian Johnson. The longevity gym, it's got cold plunges. It's got eucalyptus steam showers. It's got Dyson hair tools. That's rather specific, the last one, but standard stuff, okay? But this municipal gym also will offer blood work and epigenetic testing and a supplement bar. with trained PhDs behind that supplement bar. Look, besties, every gym has squat racks, but Municipal's gym will have hormone therapy as well. Now, we should point out Equinox offers a longevity service add-on to their gym membership for three easy payments of$15 ,000.

13:47It's going to cost you$42 ,000 the price of a Cadillac to do this at Equinox. But Mark Wahlberg says he can offer three rounds of blood work and an hour of consultation with a doctor for$99. Basically, Mark Wahlberg is trying to take the trending topic of the 1 % and sell it to the 99%. Which is very on brand for Mark Wahlberg. He's not the first and he won't be the last, but it did lead to our takeaway. So Jack, what's the takeaway for our buddy Mac? Just don't say Haverhill, Nick, in this takeaway and we'll be good. Burned once, shame on Matt Damon. Jack, what's the takeaway for our buddy Mark Wahlberg over at Municipal?

14:25Eventually, every cutting edge tech trickles down to Costco. Yetis, you've heard of Moore's Law, that every two years computers get twice as powerful. It's been true for decades now. The flip side of Moore's Law is that every two years computers get half as expensive. And that's been true for decades too. And half the size, like the first computers were for companies and now they're in your pocket. Here's what Nick and I are excited about. Moore's Law, it applies to health technology too. Remember when genetic testing cost 10 ,000 bucks a pop jack? Now, Ancestry.com offers the same service for$35.

14:58And remember, just three years ago, Ozempic was only for the rich. It cost$1 ,000 a shot. Now, it's$40 and you can get it at Costco. Well, Mark Wahlberg believes that longevity will do the same, but he wants Municipal to be the Costco. The real bet here is that the cost of adding years to your life, longevity, will go from thousands of dollars to hundreds of dollars, just like other cutting-edge technology has. Because Bestie's every tech trend eventually trickles down to Costco. Now, a quick word from our sponsor. NetSuite. Yetis, remember we told you Warren Buffett reads 500 pages a day? Well, the world's greatest investor, he's not reading Moby Dick for the 15th time.

15:38No, we got Warren's reading the latest report from NetSuite Next. NetSuite Next is the next generation business management suite trusted by over 44 ,000 companies. And if you're curious how AI can open up new business opportunities, then you've got to download their latest piece. It's NetSuite Next's new expert-created business guide with a ridiculously relevant title. Here it is, Aligning for the Agentic Era, How AI is Changing Everyday Work. And right now, it's absolutely free to you. Warren Buffett loves a story with a good subtitle. He does, Jack. So after you finish that 83rd chapter of Herman Melville's White Whale Classic, pick up some lighter material on the modern-day economy.

16:13And see how AI could really reshape work across your company in this guide and how you can prosper from it. with NetSuite. If we needed this product, it's what we would use. If your revenues are at least in the seven figures, go to netsuite.com slash tboy. Get your free guide at netsuite.com slash tboy. Netsuite.com slash tboy. Netsuite.com slash tboy. 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?

16:43And the Atomic Habits audiobook is on Audible. We're excited to collab with Audible because it's how we find our road trip companion. The 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.

17:11Audible. It's stories that speak to you. And new members can start listening with a 30-day free trial at audible.com slash tboy. That'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. For our third and final story, Anthropic is giving 100 billion bucks away in its IPO. So Elon is giving SpaceX stock to every kid in America. With the government doing nothing, AI billionaires are redistributing their wealth as they please. Now, yeah, it is according to the Bible on the seventh day, God rested. But what did Anthropic do on the seventh day, Jack?

17:49They gave away$100 billion. Yeah, they did. Because on Sunday at 11 a.m. Pacific, right when church was getting out, Anthropic published a blog post, Investing in the Public Benefit. Ah, a 465-word blog post, giving 5 % of Anthropic stock to a charitable fund. That's equal to$100 billion of Anthropic stock. Which is equal to 16 lifts. If Anthropic IPO is at the$2 trillion valuation they're hoping for, this will be a$100 billion brand new charitable fund. Plus, Jack, with more contributions coming as Anthropic's market cap grows. Combine that with the 80 % of their stock that the founders of Anthropic have pledged to donate.

18:28Oh boy. Then 20 % of Anthropic will be for the public's benefit when it IPOs. Holy Claude. But two hours later, besties, Elon Musk showed up and said, hey, Anthropic, hold my prompt. He replied to Anthropik's announcement with this idea, and I quote, I recommend giving the shares directly to the public. Okay, but then just after Midnight Pacific, Elon upped the ante even more with a follow-up tweet. He said, next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many. Is this reminding us of your football coach in college, Jack? Nick, my coach in college said nothing good happens after midnight.

19:05Yeah. Except$10.5 billion, apparently. If Elon follows through with this pledge, he'll give 72 million American kids under 18 one stock worth$146, which is a$10.5 billion giveaway. And you don't even have to write a thank you note. Although that is just 1 % of Elon's net worth, it would be the biggest direct donation in history. Nick, this isn't Oprah-level philanthropy. This is Oprah FSD philanthropy. Look under your seat, kids. You're getting SpaceX shares. But, Jadis, what Jack and I find fascinating about this Oprah-level donation strategies is that they're both D to C. But one is direct to charity, one is direct to children.

19:47You see, Anthropic is setting up an LLC within the company to give to nonprofits, non-government organizations, and sometimes directly to people. While Elon is giving$10.5 billion worth of stock directly to kids, presumably through their Trump accounts. Anthropic said that they will give the money to support their mission, including to help people out who've lost their jobs to AI. Elon said he's going to skip the fund, skip the nonprofit, and streamline it directly to the kids' brokerage accounts. But the bigger strategy here is that the safety net in America is getting replaced by billionaires.

20:17Government service spending decreases. It's being replaced with ad hoc philanthropy. A related story Nick and I saw yesterday, despite having the best year of profits ever by far, corporations paid$70 billion less in taxes last year. So the trend, it looks like less taxes, less government services. but more billionaire donations to fill the gap. You're getting a share, and you're getting a share, and you're getting a takeaway. So, Jagger, what's the takeaway for all our buddies looking at the biggest AI donations in history? Where's our AI sovereign wealth fund? You see, the biggest names in AI insist that the public must broadly benefit.

20:53It can't just be the rich getting richer. That's what the AI companies say. Sam Altman from OpenAI said it. Dario Amadei from Anthropics said it. Bernie Sanders said it. And Donald Trump. They all agree that the public should get a stake in AI or collect AI dividends. And interestingly, there is historic precedent here. You see, every country with a runaway industry has created a public wealth fund to ensure that all benefit. From conservative Saudi Arabia to liberal Norway, both have sovereign wealth funds funded by oil. Even here in America, all Alaskans have one too. They get an oil dividend, so it's not just the energy companies benefiting on Alaskan oil.

21:29But despite ungodly riches being created by AI, this is truly a runaway industry for us. Congress has not set up a sovereign wealth fund for it. So admirably, the AI leaders are doing it themselves with direct giving of huge charitable donations. It's an American megatrend. Governments are doing less, so billionaires are doing more. Jack, could you whip up the takeaways for us for T-Boy Tuesday? France's student protests became violent riots, which turned into localized curfews last night. So we think France needs a generational trade from old to young. Frankly, we do too. For our second story, Mark Wahlberg is going after Equinox with a longevity gem that extends your life for 99 bucks.

22:10It's like warning, Equinox, Mark is coming after you. Like genetic testing and GLP-1s, the bet is that every tech eventually touches Costco. And our third and final story, Anthropic is setting aside 5 % of its stock for charity and Elon is giving away 1 % of his net worth directly to kids. Anthropic and Elon's donations are nice, but we'd prefer an AI sovereign wealth fund. But besties, this pod's not over yet. Here's what else you need to know today. First, Apple is, uh, checks calendar notes, hosting another product event next week in lovely Los Angeles. On October 28th, the event is called Pro Intel.

22:46We got the DTIDs. We expect the first ever MacBook laptop with a touchscreen. We assume it'll be the MacBook Pro only. Samsung, Microsoft, and Dell, they've had these since 2012. Apple, they're coming in hot though. They're not a first mover. Apple is always a second shaker. Second, Netflix announces their earnings later today. Can it get its mojo back? That's the big question. Jack mentions the mojo because on Friday, Netflix fired their chief content officer in a shocking HR move. And that doesn't bode well for the earnings. Nope. Netflix is not getting binged on like they used to. I'm sorry, pause the pause, Jack, but is Netflix, the ultimate disruptor, a legacy media company now?

23:23I'm pretty sure you get fired at Netflix if you say the word legacy. Ta-dum. And finally, Victoria's Secret's fashion show happened Sunday night and investors were really into it. Kendall Jenner was the surprise, wearing a$50 million diamond bra. Megan Thee Stallion, Tate McRae, they all did live performances too. And V-Sexy Stock, which is the ticker symbol of Victoria's Secret, by the way, it rose 3 % on Monday. Just a thread of silk away from an all-time high. To celebrate, Victoria's Secret is launching its own miniseries documentary. If you want to hear more about it, comment Giselle, and Jack and I may cover it on the show.

23:57Now, time for the best fact yet. This one, a great one, sent in by Debbie Shiodani from lovely Cambridge, Massachusetts. She sent it for our live show in Boston, but we just couldn't fit it in. Jack, you love Fenway Park. I do, too. I find it amazing that Fenway Park got its name not from something random, but actually our topography. Fen is an old English term for wetland or marshland and that is exactly what Back Bay used to be in the 1800s and 1900s until in the 1860s it was filled in with gravel from Needham. And so Fenway Park gets its name because it was existing on the fens or this wetland until 1911 when it was built.

24:48I mean, to be honest, Nick, by like the third inning, Fenway Park is a marshland already. I mean, Debbie, you did just hand some Yankees fans a gem here. To say that Fenway is built on a smelly marsh, we couldn't have been happier to hear that. Yetis, you look fantastic today. Jack, you are glowing over there. I think it's because you know what our next Halloween costume is going to be. You think what I'm thinking? Wait, I'm not. Spoiler, it may be a story on tomorrow's pod. I hope you're not talking Victoria's Secret. I wasn't, but maybe I need to rethink everything now, Jack. In the meantime, Yetis, more to come.

25:23We can't wait to see you manana, and Jack and I are celebrating the wins.

25:32But before we go, a happy birthday to legendary Yeti Vale Bush from Seattle going on a solo trip to Japan for her birthday and listening to us on The Bullet Train. Happy birthday to London Zhang, the legend of New York City who's named after another city. And Ryan and Colton DeGene, a father and son with the same birthday in Dallas. What are the odds? Well, I guess one out of 365. Incredible. Have a fun time, guys. Happy 14th birthday to Chloe Gandolfi in Covington, Louisiana. And Samira Agarwal, we wouldn't miss your one-year anniversary of that new job as chief of staff. Congratulations. Congratulations to Nicola Cohn, who started a worldwide literacy program in Cape Town, South Africa.

26:07And he's only 17 years old. And finally, a shout out to little Kendi, who's explained the Starbucks Chipotle almost deal to her whole family in the car. We loved hearing you whip up the takeaways, Kendi. You got this. You got a future in podcasting. Kendi, if I'm ever sick, can you fill in for me? Because I think you have the skills to host the show. Kendi, you're the backup QB to the backup QB.

26:34This is Jack. I own stock of Netflix and Lyft. Nick and I both own stock of Apple. I own one share of SpaceX, which soon all of America's miners will as well. And Nick owns more than one share. Yetis, this holiday season, don't miss your chance to turn just looking into just bought it. Make it easy for your customers to say yes on the spot. PayPal Checkout is a trusted conversion engine fueled by 400 million active PayPal and Venmo accounts. And when you add Pay Later, you can turn holiday shoppers into regulars. 96 % of Pay Later shoppers are repeat users. So if you give them pay later flexibility now, it could help earn their loyalty all year long.

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