Trump's three gifts to the Democrats

0:00Hola, soy Nathalie Marcus, nutróloga y conductor del podcast Las 3 R's. El cáncer de colon tocó de cerca a mi familia y me enseñó que detectarlo a tiempo puede marcar una gran diferencia. Así que hablemos de lo que no se habla. Por eso es que estoy colaborando con ColorGuard para decirte que si tienes 45 años o más y tienes un riesgo promedio, pregúntale a tu profesional de la salud si ColorGuard es adecuado para ti. Es una prueba que puedes usar en casa y detecta el 95 % de los cánceres de colon. Obtén más información en colorguard.com. Diagonal prueba La prueba ColoGuard está diseñada para detectar el cáncer colorectal En adultos de 45 años o más Con un riesgo promedio Visita coloGuard.com diagonal prueba Para obtener más información Solo con receta médica Hacerte la prueba es un acto de amor por ti y por tu familia Hola, soy Nick, co-host de The Best One Yet Tú optimizas tus ejercicios, tus portfólios Y esa rando startup idea que te cae en el medio de la cama Pero si no estás hidratado, ya estás jugando ketchup Así que mantuvimos un stash de liquid IV en nuestro estudio Una de las líneas de 16 oz.

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1:33Hola y bienvenidos a la State of It USA. Soy Katie Balls, Washington editor y columnista para The Times and Sunday Times. Soy Jerry Baker, Times columnista y editor-at-large de The Wall Street Journal. Este semana, todo está hablando de AI. Además, vamos a ver el que se ve a la oligar de la oligarquilla de la economía as oil prices and interest rates continue to rise, plunging Donald Trump's party into more trouble in the polls? And why did a Russian oligarch pay for Donald Trump Jr.'s wedding? So to begin, AI. This is a story that is dominating the conversation in DC this week with warnings of the end of humanity, depending who you speak to, or a bright new future.

2:14We've had a whole series of tech bosses come out and say that something must be done and they're looking to the government to get involved. However, el gobierno se siente menos sure. Let's listen to what Trump had to say. I'm telling you, it's all a hoax. The data centres are great, and they make people wealthy, and they make states wealthy, and it's the oil of the next 20, 25 years. It's bigger than the internet and the AI, you know, much more so. And they're just playing right into the hands of a lot of people that don't want to see it happen. Jerry, that is Trump calling the NVIDIA head, Jensen Huang, para ultimately express his hopes for AI and being pretty bullish and it comes as the US President is growing quite disgruntled with some of the other AI chiefs, for example, the Anthropic chair Yeah, so look, this has blown up on rather predictable political lines.

3:06Look, as you say, this all started with the warnings that we've had in the last few weeks about the danger from AI, the researcher, of course, who quit Anthropic saying that everybody en estos Real不要!

3:47de twistedogras.

4:17sobre cómo regulamos AI. Democrats generally fall in line. Trump people, en particular, fall in line on the other side. The interesting question here is, well, obviously, the big interesting question is who's right about whether or not AI is going to blow up the world. That's the rather larger question. But I think the political dynamic here in the US is really, really interesting. Democrats see an opportunity here. People are horrified by a lot of things about AI. They don't like the data centres that are being built out. no me gusta el idea que la mundo podría ser destruida por AI y se va a hacer un gran político y parece que los republicanos van a decir no, no, no, AI es genial no regulación, ¿cómo lo que me?

4:58I have a feeling que no no tiene que funcionar bien para los republicanos a lo que se politicamente, pero vamos a ver Sí, parece que Trump may tener un punto cuando se queriendo de los de los más poderosos en el mundo en términos de los AI y turning a la gobierno y giving these conflicting messages to the public you have these AI chiefs at one point saying it's also dangerous but also keep giving us all the money that we need and keep letting us do what we want and getting annoyed sometimes when the US government gets involved but Trump is putting himself in a position whereby he doesn't seem to be taking nowindaron Al 0 en el Estrita y para los orólicos más ¿David

6:00¿Qué eres soda holapовые sulph CORNO

6:10y Aristóteles offer hay algunos riesgos de AI, hay algunos beneficios de AI. Yo tengo que decir, solo, yo siento un poco weirdo sobre el hecho de que hay tantas empresas de AI que hay como a la gente y begging a la gente a regularse. Me parece un poco, a mí me parece un trojan de horse. ¿Jerry, creo que algunos de estos empresas están siendo un poco cynical? ¿Podrían, como Trump, el aviso David Sachs, regularse de ellos? ¿Por qué necesitan el gobierno de US? Look, I think when any boss of a trillion dollar company says we need the government to step in and do something, I think everybody's absolutely right to question and be sceptical about what they're up to.

6:54And of course, there is an argument that this is self-dealing by Anthropic and OpenAI. These are the big dominant companies in the AI field. The argument is they want regulation. So as regulation often works, they can basically control the process. Big companies, unfortunately, the way much regulation works in the United States is along kind of crony capitalism lines where we have what's called regulatory capture, which means the regulatory agencies are captured by the big companies. Y hay no razón para que desmice la idea de Dario Amadei y Sam Altman y otros otros que están pensando que son los dominantes, que quieren preservar nuestro posición.

7:33Aquí hay una manera de hacer que es tener un tipo de regulación de un sistema de regulación así que otros empresas no pueden ver si no se puede aclarar. Si eso es cierto, no significa que es cierto, no significa que es cierto sobre la potencia de la potencia de la potencia de la potencia de la potencia de la potencia de la potencia. Y hay otras personas que no tienen un interés en esto. People like the British scientist, British-Canadian side Geoffrey Hinton, who was at Google for many years, quit many, many years ago, has been warning from a kind of academic posture about the threat from AI for years now.

8:02There are serious, serious scientists, mathematicians who, when it was discovered earlier this year, earlier this summer, that an AI had managed to crack one of these great mathematical challenges, who were saying, look, this is something we have never seen before. These things that we're creating, they're developing at such a rapid rate that it's going to get a point here where we may not be able to control them. And we saw with that hugging face incident earlier in the summer that that seemed to be the case there. So look, yes, it absolutely may be the case that the AI companies are trying to protect their own position, but it doesn't mean that they're wrong about the actual threat that is there.

8:38And that worries me. The interesting thing, Katie, is one quick other thing on this, is that it's slightly unusual in a way for Trump. The Trump position that he's taking on AI is a sort of classic conservative position, which is no regulation, you know, let the people regulate themselves. El mercado determina que tenemos que tener laws que si se han perdido el gobierno y causar havoc. Así que ellos pueden ser held accountable por eso. Es un clássico conservative posición. Pero eso no ha sido Trump's approachable en el año pasado, en el año pasado, en el año pasado. He ha sido presidente. He ha sido buying stakes en empresas.

9:11He loves regulation en ciertas fields. He ha sido impulsar tariffs. He ha sido telling empresas lo que debería hacer con sus inversiones. Y esto es lo que es difícil de resistir. la conclusión, creo que esto es Trump, a un extent, que es un gran parte de la gente de los techos, no la gente de OpenAI y Anthropik, por lo cual, pero, you know, se obtienes huge amounts de dinero de la gente de la gente, de la cripto sector. J.D. Vance, as you mentioned, J.D. Vance, he es sort de en la misma boat. He spent some time en Silicon Valley. He se haido muy mucho como un campeón de algunos de esos. So, this es no a pure ideological issue, creo, y que es lo que me preocupa.

9:48me. I joke that if Dario Amadei at Anthropic really wanted to protect his dominant position in the market, he wouldn't call for regulation. He'd call Donald Trump and say, how much do I need to give you to ensure that we stay the dominant company? And that is so often, unfortunately, the way that Donald Trump works. No, and I think if you, on that relationship, if you just think back to around the time ahead of the inauguration when Trump had won the election and he was camped out at Mar-a-Lago and you had various scenes of people going to kiss the ring effectively but I remember thinking one of the most striking was the tech bros showing up because in the first term for various reasons Mark Zuckerberg obviously fell out Elon Musk fell out with Trump he had an advisory role at the very beginning then distanced himself Jeff Bezos also clashed and then yet you all had them there ultimately deciding it was time to get on board.

10:45In the way of Elon Musk, it was to just actually rent the property nearest possible to Trump at Mar-a-Lago and drive all his aides insane. But more broadly, they decided to make a deal with him and certainly play by Trump's rules. And I think that therefore, when it comes to Trump's personal interests, but also those business relationships and what's happening with the US economy, which we'll come into the picture there. But if you look at US growth over the past year, So much of that is coming from these big tech companies. Correct. There's this mutual beneficial relationship where he isn't going to want to hurt that.

11:21And it's also one of the reasons often when it comes to things that they don't like about the UK, you know, digital services tax or, you know, looking at the Online Safety Act. They talk about freedom of speech. But the other part of this is the US tech companies absolutely hate these policies. Yeah. And again, I think the politics is going to be so interesting. I spoke to a Democrat recently who said we're going to make a sort of pitchfork campaign against big tech companies, almost kind of like the defining feature of the Democratic Party in the next couple of years. And again, that's a pretty popular position.

11:53People are worried about the damage that social media is doing to their kids. They're worried about the damage and cost that data centers do to their neighborhoods. They're worried about what AI may do to their jobs. Y, como se ha puesto, también muchos americanos están en el problema de que la gente se preocupa con lo que la gente se preocupa con la gente. Así que la idea que la democracia tiene que ser un mensaje de la política saleable mensaje, creo que es correcto. De hecho, eso se ha dado a la pregunta sobre quién es el líder de la democracia. Porque algunos de estos figuras han tomado bastante dinero de estos países.

12:31Ahora vamos a tomar un break y cuando llegamos a la gente, vamos a hablar de la economía. y por qué debería estar preocupada por el presidente de la U.S. Available by prescription only.

13:34wherever life takes you. So shop now at liquidiv.com. Liquid IV Hydration, that goes wherever life takes you. This week on the Times Tech Podcast, Bill Gates. This is ultra different than any technology that's come before. How do you persuade the tech companies that are developing it to sort of pursue the good over profit? It's not the role of the industry to self-regulate or understand the whole of society impact. This is a technology that It tends to concentrate power. The rest of the world is not used to having a vacuum of US leadership. Listen to that special episode with Bill Gates on the Times Tech Podcast.

14:24Welcome back. Well, remember the economy, stupid? The famous slogan that helped get Bill Clinton elected in 1992. It was ever thus and it remains so. And the economy is looming very, very large again in US politics as we had just a few weeks away now from the midterm elections. And as we speak, economic conditions are threatening to damage the Republicans' chances. We've seen in the last week another surge in oil prices because of more developments in the Gulf, en particular, el Houthis en Yemen, seizing a key port en Yemen y en key parts de la país, threatening a bloquear el Red Sea, blowing up a key part de la Saudi-East-West pipeline, threatening a disruptor el supply.

15:12So, we've seen a big increase en oil prices again. No resolution en el U.S. war con Iran. That is raising more fears about inflation. So, interest rates have been rising. Government bond yields have been rising, putting pressure on central banks everywhere. We've seen it everywhere on central banks to raise interest rates as well themselves to get on top of inflation. By the way, Kevin Walsh, who was appointed by Donald Trump in large part because Donald Trump was very unhappy with interest rate rises and demanding actually interest rate cuts from the Fed. Kevin Walsh is now in a very, very difficult and delicate position with interest rates rising in the U.S.

15:48too. So all of this is, if you look at Donald Trump's polling on the economy, on everything from the cost of living, affordability, you know, we've seen diesel prices reach the highest ever level, by the way, in the last week. So all of this is, again, as I say, all happening at possibly the worst possible time in political terms. Trump's approval ratings on the economy are already low and getting worse. Katie, I mean, you know, is there any, you were down at that event, as we talked about last week in Texas with the Republicans last week. ¿Es there any sign of relief for Trump here and for the Republicans on the economy?

16:25Are they trying to change the subject? How do they deal with this? I think for sure it's just really tricky and I was in D.C. this week and just with some figures who have served in the admin. Lots of people are currently leaving their admin jobs partly because it's that midterm point where you can cash out but also some are leaving them because they just, to be frank, y se desilusionen de que el proyecto se está. Y una de las cosas que se trata de la prensa de gas, la sensación de que, you know, muchas personas son linken a la guerra. Es obviamente una de las cosas. Pero, you know, hay un sentido, creo, de que algunos de los euforia, estas figuras que están reflejando, creo, en cómo se ha hecho en los primeros meses de Trump's presidencia y cómo se ha ido.

17:12Y una gran parte de eso es que no creo que votos que se sienten como lo que pensaba cuando se votó por Trump. Y creo que la key factor aquí es el economía. Y cuando se trata de lo que es sucediendo cuando se trata de los houthis, cuando se trata de la energía, se veía muy gloomy, en términos de los opciones que la administración tiene. Y creo que cuando se trata de lo que se puede hacer next, hay J.D. Vance diciendo, Trump es correcto, el gobierno va a ser muy diferente en un par de meses. Pero creo que la gente... realmente es muy pesimista que hay que haber mucho mejor. ¿Qué te parece que hay que hacer?

17:50No, creo que es cierto. Y creo que en términos de hacer algo que está pasando en el mundo del mundo ahora, obviamente, es difícil de figurelo exactamente lo que está pasando en Yemen con el que la pipeline o el extent a la que el Houthis están threatening el Red Sea. La markets están obviamente preocupada con el que se ha visto en el mercado. Pero la pregunta es, ¿qué es lo que el Houthis, si lo que el Houthis quiere hacer, lo que lo que lo que lo que hace, ¿Qué es lo que hace que lo haga?

19:09Yeah, and on that mid-term point, Creo que es lo que el presidente himself dice, que es, bueno, voy a terminar de la mitad y que es por la mitad. Y que es por la mitad. Pero, pero, pero, pero, pero, hay un feeling que es ahora solo un holding pattern y no decisiones o drastic action o resolución o negociaciones que se van a hacer antes de November. Ahora, Jerry, perhaps, en un poco más, pero es un serio, pero la historia que muchos en DC están hablando de este momento relates a Donald Trump Jr.'s wedding. y esto es algo que la web site ProRepublica se reportó en y es un un gran historia un poco de tiempo que no se conoce que Donald Trump no se vio a su hijo Donald Trump Jr.'s segundo lugar y se ha un gran celebración en el año y en el tiempo hay muchos fotos y fue already playing en un poco de un tema de la que se ve ¿Has la Trump familia gone a bit Mary Antoinette?

20:06Let them eat cake We have videos of Ivanka Trump riding horses on beaches, Donald Trump Jr. partying with all the family, just as what we've been talking about, which is lots of Americans feeling as though they're really struggling as things are financially. And what is this juxtaposition? But it's all taken an even more fascinating twist because it turns out that two-day celebration of which we already had a lot of photos was largely funded by a Putin crony, Umar Kremlin, live and when the story came out I think somebody said you know what denial are we going to get was what we were thinking and instead Donald Trump Jr's new wife Bettina published a long Instagram post criticizing the reports for being too negative and cynical but effectively not denying that their dear friend Uma had actually paid for all of this and it was very generous and actually we should all not be so cynical because they have friends all across the world and they're happy to be friends and there isn't necessarily any negative connotation.

21:11Of course, a friend of Putin just would randomly want to pay for anyone's wedding, not just the son of the US president. Yeah, I mean, exactly. Who wouldn't celebrate the fact that, you know, a very generous familia, que ha pagado por un dos días de la bonanza. I'm muy feliz por el feliz couple. Es un lindo para ellos. Y ellos han obviamente un buen tiempo. ¿Por qué debería de preocupar el hecho de que este hombre es muy cerca de Putin, que es en la lista de los de los individuos de los que han sido acusados, al menos, de ser involucrado en la abducción de los niños de los niños de la Ukraine ¡Gracias!

22:25las más viestas de la política de líderes en el mundo. You know, no hubo sido un poco de un tipo de diario, sino que hubo sido una de las historias de la historia de los que han sido aquí. Unos son de los más grandes historias en el history de la política de la política. Ahora, no one seems a realmente care about it. It's just que estamos acostumbrados a la vida. Estamos acostumbrados a la corrupción. Yeah, y en eso, Jerry, we can hear la comuna de la Comunidad de la Comunidad. Hay una vez que se veía a la comuna de la Comunidad de la Comunidad de la Comunidad de la Comunidad de la Comunidad de la Comunidad de la Comunidad de la Comunidad.

22:55y esto es lo que Todd Blanche ha dicho cuando fue asked about it en el rostro de la White House yo estaba en el calor de la gente viendo esto el presidente no sabe quién es otros miembros de la familia no sabe quién es el presidente siente ha dicho que es un amigo muy bien y que aceptó un gift en el fin de su wedding no sé no sé cuando usted dice ¿amí investigando? ¿amí investigando qué? y cuando usted dice ¿this persona es un amigo de Putin? no sé si es cierto o no La que otras, la que esos esos tChinos, adv mist Beatriz,

23:41un poco de un insight, un poco de un tipo de He said very nice things about Kim Jong-un. We know he has these good relations with some of these, shall we say, fairly, not exactly sort of democratically minded leaders in the Arab world. And so he has these relationships and, you know, and he seems to really dislike democracies in Western Europe and elsewhere and Canada and everything else. And I think this story kind of crystallized for me at some extent about a little bit why this is. Y creo que parto de lo que es, honestly, es que uno de los razones es que él puede beneficiar o su familia puede beneficiar de relaciones con estos pueblos, como hemos visto ahora con Putin, como hemos visto a su extent con China, con algunos de los Trump familiares beneficiarios de los negocios en China.

24:35Y también lo hemos visto en el Middle East. Él puede hacer esto con los autoritarios porque no son los sujetos a los que no son los sujetos a la vida. He can basically, you know, get Putin's friend to pay for his son's wedding and Putin is not exactly going to be investigated for it. He couldn't get, you know, Andy Burnham's best friend to pay for his son's wedding. He couldn't get Friedrich Merz to, you know, donate him a huge jet, which he can then use for his own purposes, because there would be uproar in those countries. In Britain and Germany, there'd be investigations. The government would be out.

25:09They'd be immediately removed from office because it would be such a corrupt, such corruption and such a scandal. Obviously, that's not going to happen to Vladimir Putin. It's not going to happen to the leaders of these Gulf states and places like Qatar. And I think that's honestly, I've started to believe that's partly what it is. Trump is both personally and he sees, at least for the country's benefit, economically benefiting from these relationships. o, you know, frankly, these of this sort of open corruption, because he knows that because those countries can do that, those governments can do that, they can buy favor with the United States, with this president, because they're not subject to any accountability at home.

25:47And I think, you know, that's partly explains why Trump has this extraordinarily good relationship with all these countries that don't have much of respect for domestic human rights, because it ends up being financiación muy beneficio para él y su familia. Es un muy disturbingo. Y creo que es algo que vamos a escuchar más. Porque si, como los precios de la economía currently suggest, y el economía, creo, la democracia de la República de la República de la República en Nueva York, seguramente, ¿no? Podemos expectar varias investigaciones, subpoenas, pero una de las cosas que muchas democracia quieren ver el que es grifo.

26:24Y eso empieza a empezar a ir a la familia muy rápido, whether it's sovereign wealth funds doing business with family members whether it is Donald Trump Jr.'s wedding or I think one thing would just be looking at who was donating to the White House ballroom and what are those companies getting in other places but I think this one is so egregious it almost I think it is notable that members of the Trump family are not coming out and saying Oh, we also know this guy. He's also our dear mate. They're saying, we don't know who he is. You had the first lady put out a statement. She was also not at the wedding.

27:07And it's worth pointing out, Donald Trump Jr.'s wife said the other bit of fake news was the island isn't the actual wedding. They got married before. It was a two-day celebration. So they paid for the two-day celebration, not the wedding. But, you know, Melania Trump did not go to it. And, of course, you know, it's a fairly small number. pero Melania Trump ha hecho parte de la primera vez que se hace reunirnos con los niños que han sido separados de sus familias. Entonces, a tener este hombre que se ha fundado, creo que yo entiendo el sentido de que todos los que se encuentran a la primera vez.

27:40Y, por lo que, por lo que, es obviamente un espacio donde hay muchas señas de la Trump familia becoming más joven por este presidente. Pero aquí, Eric Trump, muy rápido, to say he doesn't know who this guy is. I suspect the White House did not pre-approve Donald Trump Jr.'s wife's Instagram post. Look, and we just, again, I think it is the danger of familiarity, right? And just the story after story, just, you know, initially we're shocked by this corruption. And then just as it goes on and on and Republicans do not seem fazed by it, although, by the way, I speak to Republicans privately and they're horrified by it.

28:19They think it's appalling, but they didn't criticize Donald Trump. Pero, you know, we know from public records, Katie, we know from his own financial disclosure forms that Donald Trump made$2.2 billion personally in his first, just a little over his first year of his second term,$2.2 billion. We're always told, by the way, some of Trump's supporters that, you know, he's given up, he's doing all this for the country. He's given up his enormously successful business empire to go and do, you know, to save the country from its various challenges as a great act of self-sacrifice. He's made personally$2.2 billion and that's what we know.

28:56That's the officially disclosed stuff. It's the sheer scale of this that is kind of numbing, that people just sort of think, oh, well, this is now just kind of standard. It will be interesting to see if the Democrats can make something of it if they do in the midterms. The man who's been making a big deal about this and I think has been doing quite well politically is John Ossoff, the Democratic senator in Georgia who's been... Y creo que hemos hablado un poco sobre esto antes. Creo que la manera que ha sido efectiva para Ossoff y por lo que ha sido de repente se ha entrado a la frente de la democracia de contender para el 2028 es que le ha linking Americanos' desatisfacción con sus propias económicas a la corrupción de Donald Trump y su familia y diciendo que es un hombre que es enrichirse y su familia y su familia.

29:44Sí, y es por eso que cuando se habla a los demócratas sobre lo que se puede hacer si se vuelve a la Havana y la Havana, obviamente una de las obvias topas que se llama es impeachment. Pero creo que muchos de estos nuevos demócratas, y usted es el señor Oslo, creo que es liderando la charge en términos de practicarse en los de los días. They see impeachment as a distraction, something that could potentially take up a lot of time, actually be something Trump can play to his base as they're out to get me. When really, if you can go after the grift, link that with how people are feeling at home, look at the party, the pictures of everyone partying in the Trump's orbit and him personally enriching himself, that's going to be far more effective than repeating, you know, some of the things the Democrats tried last time which ultimately resulted in Trump returning to the White House.

30:37Exactly. Well, we're almost done for this week, Katie. We've got a busy week coming up, though, next week. I will actually be in London hosting Times Radio at 1 for most of the week. I'm very excited and very much looking forward to that. You, in my place, who I think will be coming to New York because it's a very big week here in New York City. It's the UN General Assembly Week. Exactly. es Unger, un nivel Unger Week y no ser capaz de llegar a la gente de anywhere en Nueva York porque el tráfico completamente stops pero también Trump retornando. We know last year un poco entre él y el United Nations en su actual form algo que Marco Rubio wants to change gave a speech last time which resulted en él claiming que el UN sabotó cuando el escalador Oh, yeah, yeah, of course.

31:27He ended up truth socialing my column, which had suggested this might happen. Very good. Congratulations. And then this time around, one of the things... It's all a hoax. It's all a hoax, Katie. I'm sure it'll be a co-hoax. Yeah, and then this time around, something I've reported for The Times this week is that we're expecting Andy Burnham to have his first in-person meeting with the US president. There were some inquiries about whether this could be in DC. I think that's too tricky because you also have Xi's visit. Xi Jinping, yeah, coming on Thursday, right? Exactly. So instead what we're expecting is on Tuesday next week at Anger for the two to meet.

32:07And we will bring you how that plays out on next week's episode.

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