Former Prince Andrew Arrested — Will Epstein’s Network Face U.S. Justice? | Pivot
1867 segments
I think the UK just demonstrated more
institutional courage in one morning
than the entire US Department of Justice
has managed in five years.
>> Hi everyone, this is Pivot from New York
Magazine and the Vox Media Podcast
Network. I'm Cara Swisser
>> and I'm Scott Galloway
>> and I am a trad wife.
>> What does that mean?
>> I made bread and butter this morning.
butter from scratch and I made this
delicious bread. Let me unwrap my
>> You're really proud of it. You sent me a
a photo of it.
>> I know. Well, I am. I made it. I I I
know it sounds really stupid, but I get
I I'm on in Here's the whole bread. You
can see it. Everybody see it. It's a
It's a loaf of It's a baguette. This
today is a baguette. And I also made
butter with a marble and a jar and some
heavy cream uh last night at dinner.
Fresh butter. I'm going to make cultured
butter next. Um, I I get on Instagram
and I'm obsessed with watching uh food
videos and I save them and I'm starting
to make all of
>> What's the next thing you're going to
make?
>> Uh, we're going to probably make another
bread. Bread. We're going for bread and
butter. We like bread and butter cuz I'm
a trad wife. So, anyway, there you go.
>> Yeah. No, I think I like that white
supremacist baking company. And he said
that his family had a long history of
being in bread.
>> Oh, I can't believe you have a bread
joke. Um, I have to say it takes me out
of um
>> takes you out of your head.
>> Out of my head. Like I It was an It was
advice, you know, from doing this series
that's coming out. I I spend too much
time in my head. And so Zeke Emanuel
suggested he makes honey. I was like,
I'm going to do things that isn't in my
head. And I have to say, I'm baking is
really chem, you know, it's you have to
pay attention and I'm learning. And so
it's and it's totally you cannot pick up
I mean, I have the phone there with the
rest as they're talking to me, but it's
a useful use of the phone, I guess. I
don't know what else to say. Anyway, I
really like it.
>> So, two muffins are in the oven when one
turns to the other and says, "Man, it's
so hot in here today." And the other met
and the other muffin says, "Holy [ __ ]
it's a [ __ ] talking muffin."
>> I can't believe you have bakery jokes,
>> Cara. My wife has been sleeping around
with other men. Our church pastor is
coming over tonight to offer advice, and
my wife is baking cookies, but I'm
embarrassed because the cookies are
homemade.
I could do this all night.
>> Why do you have them? Are you on the Did
you suddenly get on the internet and
said baking jokes? Is that what happened
there?
>> No, I have a I have an incredible memory
um for 1970s Ram playoff losses and for
dad jokes. That part of my brain is
alive and well.
>> Any we've got a lot to get to today, so
let's dig in. Um this is an astonishing
development. former Prince uh Prince
Andrew has been we call him former
Prince Andrew right now uh used to be
known as Prince has been arrested on
suspicion of misconduct in public office
by British police. You know he should be
arrested for something else but this is
what they could get him on. The full
details of the arrest are not clear at
the time of the taping but former prince
has been under increasing pressure after
the latest release of the Epstein files.
Andrew Moundbotton Moundbatton Windsor
which is his name was previously
stripped of his royal title due to his
uh involvement with Epstein mean finally
after many many years of this. Meanwhile
Casey Wasserman has decided to put his
talent agency and marketing firm up for
sale amidst criticism his past
relationship with Gilain Maxwell. Uh
there's a ton of people Dean there's so
I sent you the list of people that are
you know obviously um uh Larry what's
his name Larry oh Summers uh stepped
down Dean Cayman is having trouble he's
the famous robotics guy um all all
manner of people the former prime
minister of Norway um everyone but the
guy who said they let you do it grab the
[ __ ] guy is not being investigated but
uh this is really interesting so from
you're not in England right now. But
what explain to people what this is
like, what this this is akin to
arresting a royal.
>> I think the UK just demonstrated more
institutional courage in one morning
than the entire US Department of Justice
has managed in 5 years.
>> Yeah.
>> And
it's just ironic. You know, my attitude
is, okay, now do Epstein's flight logs.
I mean,
>> yep. This is I mean some of it's
probably pretty political. The the crown
is probably looking to try and renew
their brand in an era where monarchies
are fading. This really is the last
monarchy
>> and also the prime minister is feeling
heat and potentially calls for his
resignation. But I think that I think
the UK quite frankly is actually
showing some fidelity to the notion that
no one is above the law. Yep.
Absolutely. I I agree. One of the things
that's really that's really important is
the investigation should have gone on.
These investigations that should have
happened when how badly prosecutors over
the entire period of time um from down
in Florida to now have [ __ ] this up.
And in terms of I think the moment with
Pam Bonnie and she had never talked to
those people like all of them are liars
like I don't know why don't you do an
investigation? And so she's obviously
not going to because she's bought and
paid for. But um but the fact that they
didn't do investigations here on as you
say the people who are criminally liable
and the other people who are getting you
know Bill Gates had a pull out of
something because of this look that'll
play itself out because that's about I
don't think it's about shaming. It's
about like gh bad judgment. People are
going to have to pay for their actions
eventually. Um, but the criminal
investigations that haven't gone on
here, the the ability and I have to say
we owe a debt of gratitude to uh uh Roan
and Thomas Massie for pushing
>> this through and we need and the the
redactions that this Bondi Justice
Department is doing are you know there
Ted Lou who is a a trained lawyer got up
and said there is credible evidence that
Donald Trump um this is what he is
saying. I have not seen these things
that he he uh he
sexually uh attack sex what is the right
way to do
>> assaulted
>> assaulted an underage girl and for him
to get up and say that at knowing that
he's a lawyer is really something like
and of course Trump is saying he's
exonerated he's not exonerated he hasn't
been investigated properly right and so
you know when he said let me just read
this again maybe just maybe um as this
fedded penny drops. Maybe it wasn't
locker room talk, right? Do you remember
that? I mean, this is what he said. Let
me read it. I don't even wait. And when
you're a star, they let you do it. You
can do anything. Grab them by the [ __ ]
You can do anything. I don't know if he
did anything, but I'd like to have
investigators really. I don't know if
they need an independent investigator or
>> special counsel.
>> Special to me. I never like those
things, but in this case, everybody's
dirty, right? And certainly Pam Body has
no business being in the job she's in.
They should they should have a special
counsel release all the files and
especially the criminal stuff keep it as
maybe not release those because they
really need to and it might not lead to
anything but to show that we have what
the UK is doing and it there may be a
statute of limitations by the way Scott
on this stuff. I don't know.
>> That's what's kind of interesting about
this specific case with Prince Andrew is
that or the person formerly known as
Prince Yeah, the
>> I know it is kind of funny, but he's not
funny. He's gross.
>> But when when the feds come for you and
say you've clearly committed engage in
criminal activity here, they usually
don't get you for what you know they
didn't. They got Al Capone for
moneyaundering or for for
>> No, no. For taxation.
>> Yeah. For tax evasion.
>> And Prince Andrew isn't being accused of
sexual assault. He's being accused of
passing state secrets to a convicted uh
felon. But that's the point. The point
is if you commit crimes our you know our
reach is far and our memory
uh is long and now I have a different to
me this is how you handle the Epstein
files and that is I don't think the
Epstein files should have been released
>> uh I think that the Department of
Justice
>> gets sullied I I know what you're
thinking right
>> I think the Department of Justice and a
team of lawyers including outside
lawyers contracted for this very
important case should have gone through
these things with a fine tooth hair and
comb and said, "Okay,
we're going to communicate to the public
what is in these files visav grand jury
indictments and prosecutions."
Because I think what has happened is
I think we have been so played here.
Cara, if I was advising the Trump
administration on how to dilute
the depravity here and to get him out of
this, I would be doing exactly what
they're doing. And that is by dripping
it out sclerotically
uh uh incorrectly. Some stuff's
redacted, some stuff isn't. And then we
all chase. We're like a Tyrannosaurus
Rex. Wherever we see movement and
violence and ringlight algorithm
shaming, we start talking about [ __ ]
Deepo Chopra.
>> And what the
>> We should talk about him too, but go
ahead.
>> I I disagree. I I think it's it's the
Department of Justice is a there for
criminal indictments and to create
incentives such that if you have a
daughter and you're a single mother and
your daughter gets invited to some
[ __ ] island that there's incentives
that people who feel entitled to rape
your daughter won't. Yes.
>> Whether or not someone is a creep or not
is a distant distant second. And all of
this [ __ ] has diluted the criminal
activity.
>> I don't think it's [ __ ] I think
it's part of the same thing. And this is
like, let me just say, who's the person
that said Epstein had legs? This whole
thing had legs a long time ago when
everyone thought it was going to go
away. This is one at the heart of the
MAGA infrastructure. As I noted, it is
also at the heart of a lot of it's true,
right? Some of it's true, some of it's
not, but it is part of a whole
movement around corruption of the
elites. And this is the worst version of
it. And I think we do need to talk about
people. Andrew did this because he
>> I'm on board. And Andrew is being
criminally prosecuted.
>> But I'm saying he did it because he
thought he didn't, as you say, he's not
bound by the law. Right. Right. Now,
breaking. New Mexico investigators open
a probe into whether Epste ordered the
burial of bodies on his Zoro Ranch
property. We need to investigate this
fully and wherever it takes us for for
it to have to just get out and get
everyone's attention, the normal people,
not the QAnon people. I think it's I
think this has so many drip drip drip
legs that it's going to is absolutely
going to reach Trump.
>> This should have been dozens if not
hundreds of indictments and prosecutions
from an institution we trust.
>> That's right. We don't trust the
appointment of a special counsel.
>> Saying a cabinet member didn't look to
commit a crime, but when he went under
oath in front of Congress and bragged
that he had nothing to do with this
person.
>> No, he did that on a podcast, but go
ahead.
>> Well, he he Oh, really? He hasn't done
it under oath?
>> No. No, under oath he told the truth.
Um, so
I feel that all of the liar I feel all
of the shaming feels really good and it
does say something about these
individuals. I think it is deliluding
and weakening the case against the
actual criminals here.
>> Well, I don't know. I think you can do
both. I can can just walk and chew gum
at the same time. And well, I think, as
I saying, let me move to the next thing
because it's part of this everyone's
tired of these [ __ ] rich people
taking everything. Like so right now
Mark Zuckerberg took the stand this week
that in this landmark social media
addiction trial defending Meta against
claims Instagram was designed to hook
young users and damage mental health.
Zuckerberg said in his testimony that
Instagram was not a harmful product.
It's a valuable service. Of course he'd
say that. He said that all along. He
believes he's navigated the safety of
young users in a reasonable way. He has
not. He also defended the company's
decision to allow beauty filters even
after experts warned they could harm
teen girls, including people internally.
Um, when pressed about old emails and
growth targets, Zuckerberg repeatedly
pushed back saying the same answer more
than a dozen times. You're
mischaracterizing this. This is an old
Mark Zuckerberg trick. We don't
understand him. Uh, neither of us are
lawyers and it's a really complex case.
And what what what two things it's not
just Facebook, it is also YouTube is
involved in this one. Others settled
other social media sites seem to have
settled here. Um, so and it's not clear
if YouTube is going to settle before
this, but this idea of of whether
they're entertainment or they're
actually addictive. The lawyers for the
the tech company sides are going to try
to portray this young woman who got on
Instagram when she was nine as troubled
had nothing to do with social media.
She's alleging that social media dragged
her down a hole of shame and
self-esteem. Um, it's a jury trial. Um,
I'm putting Mark in front of a jury
helps a herds. He's he's not great at
that. And he also, the judge wasn't
happy to see Meta's Rayban AI glasses
worn by several members of Zuckerberg's
team, which I thought was super [ __ ]
obnoxious to do for Zuckerberg to use it
as a marketing event. Um, she warned
anyone wearing smart glasses to be held
in contempt, noting the concern about
facial recognition of the of it. Um, so
just thoughts on this case because I
think it's really f there's there's
thousands of more behind it. By the way,
>> I think John Oaf who's running for
Senate has come up with a brilliant term
and that is a lot of Democrat how we
lose is this stereotyping and and
keyboard virtue signaling that if you
like all white people are racist, all
billionaires are evil, and all young men
are sexist, fine, they're going to leave
the party and we're going to and you're
going to have Vance as president. What
Osaf has done is really smart. He has
started describing this group of people
as he doesn't say the billionaire class,
he says the Epstein class. Because the
majority of Americans like the idea of
being rich someday and believe that if
they get richer, it doesn't necessarily
mean they're going to become depraved
weirdos.
So I think that is a really powerful
distinction that there is a class of
people
most rich people I do not believe are
like this but there is a class of people
who believe they are again as we talk
about
>> um protected by the law but not bound by
it. There's smoking guns everywhere but
the the real smoking gun I would focus
on if I were advising the prosecution
>> is their own internal research.
>> So let's go through a body.
>> It's not a prosecution. It's a it's a
law civil lawsuit. It's civil, but the
pe but the people the plaintiff's
attorney or whatever you would call
their own internal research regarding
body image harm. We make body image
issues worse for one in three teen
girls. This is according to a 2019
internal Meta presentation. 32% of teen
girls said that when they felt bad about
their bodies, Instagram made them feel
worse. That was a March 2020 internal
presentation. Meta's leaked internal
research showed that 32% of teen girls,
one-third, said Instagram made them feel
worse about their bodies and the company
knew it. Addiction by design. Meta
employee internal message. I I worry
that driving sess session incentivize us
to make our products more addictive
without providing much more value. How
to keep someone returning over and over
the same behavior each day. Intermittent
rewards are most effective. Think slot
machines. In focus groups, teens told us
they didn't like the amount of time they
spent on the app and they felt like they
had to be present. They often felt
addicted and know that what they're
seeing is bad for their mental health,
but feels but they feel unable to stop
themselves. On depression and anxiety,
teens blame Instagram for increases in
the rate of anxiety and depression said
another slide in a 2019 presentation.
This reaction was unprompted and
consistent across all groups. This is
their own research.
>> They also their own research showed they
have 4 million kids between 10 and 12 on
the platform when it's not supposed to.
13 is when they're not they didn't have
age age verification which isn't very
good anyway on the platform until 2019.
They This is what kills me with these
people. It's like how did how did four
million It's like oh four million kids
got into liquor stores somehow. Are you
[ __ ] kidding me? Four million kids.
How did that happen without them knowing
it? When they know everything that is
happening on that platform whenever they
go into this I don't you know kids can
get into things. You know my kid just
got into the refrigerator and took a you
know took a cookie the other day. That's
what they act like and in their own Let
me tell you I can't tell you how many
times
I have heranged Mark Zuckerberg on
safety and people inside the company
heranged him on safety. He just didn't
agree. And because he it cannot be
fired. If the board decides to fire him,
he can fire the board and appoint a new
board that likes him. He he can make
decisions on his own. And we are all
subject to decisions of one person who
has no accountability on him because
been making bad decisions whether it's
about anti-semitism, whether it's about
uh anything. And he always and he did
this again. And I I sighed I sighed for
free speech or not, you know, the filter
thing like, well, I decided not to act
paternalistic. Okay, Mark, don't act
paternalistic to toward adult users. We
get it. But you absolutely have to act
paternalistic towards young people. Like
the the safety issues about young the
fact that they still stick to their
idiotic guns when it comes to young
people. Let me mention another big tech
suit that just broke. Apple just got
sued by West Virginia for alleged
failure to curb child sexual abuse
materials on iOS devices and cloud
services. They should sue Grock. They
should sue all of them for these things.
And this is the way these companies are
going to go down like the cigarette
companies. And they still to me and I'll
stop ranting. His testimony show me once
again he is absolutely intractable in
his decision that everything he decides
is correct. And he it is simply not. It
is simply not. And let me be fair,
YouTube is bigger, but I it's all the
same to me. They're all enormous and
delotterious to the impact on our kids.
Period.
>> Just one more piece of data. Between
2010 and 2015, the number of 8th grade
through 12th graders exhibiting high
levels of depressive symptoms increased
by 33%. In the same period, the suicide
rate for girls in that age group
increased by 65%.
By 2015, 92% of teens owned a
smartphone. And today, here and now,
let's talk a little bit about young men.
Young men between the ages of 20 and 30
are spending less time outdoors than
prison inmates.
The data here, there are hundreds, if
not thousands of families whose kids
have killed themselves. There are
millions of families struggling with
anxiety and depression. And there's a
lot of different factors here, but this
definitively has made things worse.
The the good news is that I do think
finally, and I've said this before and
I've been wrong, but I'm going to say it
again. I think the worm has turned. And
that is typically it takes 20 to 30
years before the public moves in on a
well-funded addictive substance that is
creating harm across our society. It
took us 30 years with tobacco. It took
us 20 years with opiates. It looks like
it's going to take us about 20 years
here. But what you're seeing is it's
getting tied up in politics in sort of a
good way. And that is I think the
tariffs I think the ultimate reciprocal
tariff from different nations is going
to be they're going to start banning uh
US tech companies and they're going to
use this as a valid excuse. They're
going to say you're out. We're age
gating. We're banning this or where
they're going to ban an entire platform.
But it does feel like we're we are at a
turning point.
>> Well, the only this is a jury trial.
This is what's really interesting
because what I think is going to be the
problem for them is and by the way
sometimes like when some of the the FTC
stuff I see why Facebook or whatever
company won in certain ones of them,
right? But jury members either they have
kids and get it
>> know it at in their bones or they
themselves are addicted and call it
problematic usage when it's everybody
who you I'm addicted to food videos on
your on threads, Mark. I can't stop
watching them. And I am not an
addictive. I don't drink. I don't take
drugs. I am
>> absolutely addicted. There is no
question in my mind. And same with you,
right?
>> Some of it's good.
>> Some of it's good. And I use most of the
time I use I was looking at the time
spent. I use it for texting, like
bothering you, for example. But um but a
lot of it is addiction. And this jury is
going to hand you your head if you keep
insisting it's problematic usage. We
don't think you're totally at fault. I'm
sure this this poor girl had problems in
her family life, but this is a
contributing factor. Just like people
can have bad families and smoke
cigarettes,
it is it is part of of of a thing that
is making us worse as as as a country.
Um, and the same thing with Apple. They
should get sued. They should all get
sued and then we can have it out in
court. Same thing with the Epstein
victims and and the people and the
perpetrators. Let's have it all out in
court. Let's do it. Like if we lose, we
lose, but if we win, we win. And that to
me is the fairest thing.
>> I think we'll I think it'll start with
the kids. What I'm curious is if it
starts to
>> melt upwards, and that is
>> like cigarettes.
>> Well, the kids are the biggest problem,
right? And that's the one we're most
sensitive to.
>> That's where cigarettes started. But go
ahead.
>> I also think there's a real issue around
the coarsening of our discourse. I think
it's making us all more anxious and
making us all hate each other more. I
think I if if you type into open AI how
to ruin youth or how to undermine the
power of the United States both times
it'll come back with something that
resembles social media. There's just
people there's a reason and a lot of
it's economic that young people feel
worse and worse about America. But
social media is basically it's like when
you're in the third grade and two kids
start having words and everyone
surrounds them and shoves them and says
fight encourages them to fight. That's
happening a trillion times a day on
these platforms. It's turning even
amongst I spending a lot I'm thinking a
lot about how ways the left might [ __ ]
it up and lose in 26 and 28.
And one of those one of those ways is
the algorithms do a really good job of
convincing people who agree on 90% of
things to find the 10% they don't agree
on and figure out a way to get them
fighting and hating each other. You
know, it's just it really is ripping at
the fabric of society. I I I think our
adversaries are sitting back and
watching this and just loving it.
>> Yeah. I'm going to read from a very
famous author. Let me just read this.
All these companies began with a grozy
credo to change the world. But they have
done that in ways they did not imagine
by weaponizing pretty much everything
that could be weaponized. They have
mutated human connection so that
connecting people has often to become
about pitting them against one another
and turbocharged that discord into an
unprecedented and damaging volume. They
have weaponized social media. They have
weaponized the first amendment. They
have weaponized civil discourse and they
have weaponized most of all politics. I
wrote that in 2018. I got screamed at by
Facebook and the tech people for saying
that they were digital arms dealers.
That's what they are.
>> Have your time.
>> I'm just telling you it's just like
enough. Enough. And it begins, the
cigarette companies began with Joel
Camel, them using cartoons. They were
that cynical that they use cartoons to
attract kids to smoke. It's the same
thing and they need to stop. And same
thing, and by the way, let me not just
pick on Mark Zuckerberg. Apple, you need
to do something about CS Sam Gro, you
should be taken to court. Google, you
YouTube needs to be fixed in ways that
people kids don't become incredibly
addicted to what you're doing. And to
pretend otherwise just because you have
money, you can run over all these
senators and congressmen, you're not
going to run over all of us. That's my
feel. Anyway, that's enough. I'm going
to stop. All right, we're going to go on
a quick break. When we get back, Cole
Bayer takes on Paramount and the FCC.
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Rules and restrictions apply.
Scott, we're back. Late night host
Steven Cobear is calling out CBS and his
parent company Paramount for not
standing up to the bullies. Colbear
revealed this week that CBS lawyers told
him he could not air an interview with
Texas Democratic Senate candidate James
Telerico. Uh there were concerns about
running a foul of FCC Chairman Brandon
Carr, the [ __ ] as I like to call him,
and the FCC's equal time rule. Colobar
ended up posting the interview on
YouTube where as of this recording it
has nearly 7.5 million views. The
broadcast typically gets around 2.5
million viewers. This is just one single
interview. Coar summed up the irony on
his Tuesday episode. Let's listen.
So, we obeyed our network and put the
interview on YouTube where it's gotten
millions of views.
And and I I can see why. Taler Rico is
an interesting guy. I don't know what if
he should be the senator, but it was a
good discussion. I wish we could have
put it on the show where no one would
have watched it.
>> Uh CBS initially, they've been very
quiet lately, has been pushing back on
Cobar's version of events, saying the
show was not prohibited from airing the
Telerico and UNV, but was given legal
guidance and options. I've been in that
sphere. Coar took issue with that
statement, calling it crap, and it
indeed is crap. All of this has been a
major boost for Telerico who raised more
than $2.5 million uh dollars in the
first 24 hours after the interview went
on YouTube. Uh Brandon Carr, the [ __ ]
is calling it a hoax, by the way, saying
Telerico did this for the purpose of
raising money and getting clicks. Except
he then uh on this interview he did, I
think it was on Fox, uh said, "Oh, I
would have enforced it." So, he said he
would have done what they what what Coar
said he would have done. Um and then
also noted that this fair this this the
way he's in trying to thinking about
enforcing this equal time rule has not
been done in forever. So he just
admitted every calling it a hoax and
then admitted he was going to do exactly
what they said he was going to do.
Again, a [ __ ] Um and he thought this
is like some story like and I love Co
Bear I think is handling it beautifully.
I don't think he's being too virtue
signalally, but it is definitely a nail
in the coffin for broadcast television.
>> Yeah. Just to step back and try and
understand the real dynamics and the the
the shape of power here because we've
moved from a democracy and capitalism to
an autocracy and kletocracy. This is
what's going on. The president has made
it clear he will exercise his authority
unilaterally and illegally in my view to
decide who gets to acquire which
companies. And essentially he has
decided that okay um if the Ellison's
who own Paramount and CBS
fly their partisan proTrump flag, I will
figure out a way to get them Time
Warner. And so they are very sensitive
to trying to not offend him, plate him,
do whatever he wants regardless of the
First Amendment. And the the excuse
they're using is the following. The
FCC's equal time rule is a federal law
that requires broadcast stations to
provide equivalent air time to all
legally qualified candidates for the
same political office.
That theoretically makes sense, right?
Historically though, the FCC has
exempted many entertainment talk shows
and now they've decided to update this
and they're selectively enforcing it.
And by the way, folks, curiously, FCC
Chairman Carr has not yet attempted to
apply these rules to any conservative
talk shows.
>> He's he's sued the he's he's
investigating The View just on ABC for
having
>> The View and Coar,
>> by the way, has had Jasmine Crockett on
and probably asked right-wing people.
>> This is so ridiculous. But this is what
has happened. There's a decent chance
that FCC Chair Carr has given uh
Representative Taler Rico a decent shot
at being a senator in Texas. Now,
>> this has done nothing but bolster Torico
raised $2.5 million in the subsequent 48
hours. The
>> the big loser here is the FCC and Trump.
This has backfired. This is blown up in
their face. The Ellison, the Ellison's
are now now sitting on top of a
collapsing asset,
>> right?
>> And in addition, the other loser here,
just quite frankly, is Jasmine Crockett
>> because she she came out, unfortunately,
this has elevated Terico and Colbear to
hero status. And Crockett wishes she was
the one that got, you know, that got
sort of blacklisted, right? Cuz they
were running neck andneck. And the
likelihood according to the prediction
markets that
>> well it wasn't quite neck and neck. It
was like 60 40 and now pretty close I
think.
>> No no the prediction markets were he was
winning quite substantively but not as
much.
>> He went from 63 to 77.
>> Yeah. Right. That's that's
>> 63 is a lot. Right. That's
I mean that's basically when you're at
77 it's kind of said or it's getting to
the point where it looks like the race
may be over.
>> There's also early voting going on and
Democratic voting is alltime high. It's
crazy high and it's surpassing
Republicans. I'm going to link it
speaking of the Ellison's one two
things. Warner Brothers Discovery this
let me just tell you David maybe this
media thing isn't your best look. Warner
Brothers Discovery is reopening
negotiations with Paramount for the best
and final offer, but the clock is
ticking. Netflix has granted Warner a
seven-day waiver for these Paramount
talks. The deadline is February 23rd. Uh
Zazov wrote to Paramount's board that
David Zazov, who's the CEO, Warner, uh
welcomes the opportunity to see whether
the company can expeditiously deliver a
proposal that provides superior value,
meaning he's not calling it superior
value. Paramount has indicated it will
raise its bid to $31 a share and has
agreed to cover Warner's $2.5 billion
breakup fee owed uh to Netflix, which it
should have done in the first [ __ ]
place. A lot of these things they've
just agreed to, they should have done
months ago. Uh Netflix CE co-CEO Ted
Sandos explained why he agreed to this
in an interview with CNBC. Let's listen.
>> We gave them the opportunity to get
those shareholders exactly what they
deserve, which is complete clarity and
certainty about what the value of these
deals are. What we're certain is is that
the Netflix deal to acquire these assets
is the best deal creates generates the
best value for their shareholders and
they think so too. That's why they
recommended the deal and why they
reiterated recommending that deal post
this. So give them seven days to put
their money where their mouth is.
>> He's so smart. I got to say the other
part before you go in um uh they have to
they have to basically they have to give
more money. Really that's if they give
more money they'll probably get it. That
said, there's been a really, you know,
even though most of the narrative has
been anti-Netflix with Paramount has
done quite a bit of the making that
happen. Uh, this idea that they will
have to cut uh Paramount will be
disastrous because they're going to have
to cut because of the finances here.
They will they will decimate um
employment in Hollywood and Netflix will
not there both of them face different
challenges uh both regulatory and what's
going to happen. Warner Brothers has
scheduled the shareholder vote on the
Netflix deal from March 20th. Um, we'll
see what happens. Uh, David Ellison was
at the White House last week, by the
way. This after Trump said in an
interview he wasn't involved in the
deal. Who knows? Um, and let me link
this to Anderson Cooper. He's leaving 60
Minutes, which is a CBS property after
20 years. Uh, he's still at CNN, of
course. He signed a big deal with an $18
million deal with them recently. So if
this deal works out for parent, they
could take Warner's cable properties and
right find himself back. The reason he
did so was he said he was to spend time
with his family. He didn't want to work
with Barry Weiss. That I know this to be
true. Um he didn't like where 60 Minutes
was going and he he also didn't like
what was happening to his colleagues.
He's a he's a great journalist and he
just didn't want to work with these
people. So because he thinks I I would
assume he thinks they're lesser than and
and they are compared to him. So, uh,
another high-profile exit, not just
Anderson, Taylor Sheridan left, uh, who
does Yellowstone. Um, a lot of messes
there, both in the news division and
obviously with Coar. He's he'll be
leaving in May. Uh, your thoughts on on
these two things with the Ellisons. They
seem to be really, they may still win
it, but boy, they
>> First off, the way this is supposed to
work in a capitalist society is the
person who shows up with the biggest bag
of money gets preliminary approval by
the shareholders and then it goes under
regulatory review to make sure that
there's not too great a concentration of
power.
>> In my view, neither of these companies
should be able to acquire Warner
Brothers because it's too much
concentration of power. Having said
that,
>> this is the world we live in. One of
them is going to get it. What's
interesting is that it's clearly now
such a kleptocracy
that on Khi the likelihood that
Paramount takes over WBB WBD because it
has become obvious that the president's
is doing the Ellison's bidding is now
53% and Netflix's odds have fallen to
just 36%.
So
>> neck to neck on poly market just so you
know but
>> Paramount has sweetened the deal. They
agreed to pay $2.8 8 billion fee the WB
WBD would owe Netflix if the merger
agreement falls apart. They also added a
uh ticking fee of 25 cents per share
paid to Warner shareholders for every
quarter that the deal isn't closed
starting next year and the total cash
bid was raised to 78 billion back in
December. Here's what I don't
understand.
the union SAG After and the Writers
Guild decide to strike at exactly the
wrong moment a couple couple years ago
and basically took everyone had everyone
not work for seven months in order to
get nothing in exchange when they they
decided to strike at a weak point and
yet now
you just referenced this if the
Ellison's own they've already overpaid
for Paramount which looks to be through
a serious I call it a leaky yacht,
>> which looks to be just one after the
other creating self-inflicted wounds
that they just unforced errors, ungoals,
whatever you want to call it, that are
substantially
reducing the equity value and showing
how much they did in fact overpay.
Whether it's CBS News going from 5
million viewers to 4 million in one week
after the anchor transition,
60 Minutes might go away. I mean, these
things literally
>> Why would you stick Why would you poke
that in the eye? that actually was
successful. Oh,
>> so they've overpaid for Paramount.
They're probably going to have to
overpay, and I understand why the
rationale for Warner such they can get
something resembling consolidation. But
hey, hey, writer's guild. Hey, Saga.
What the [ __ ] do you think Ellison, one
of the largest providers of inference
and compute for AI, what do you think
their idea is going to be to rationalize
costs and somehow get a return on
investment here? What do you think is
going to h say what you want about Ted
Sarandos? He's a disciplined operator.
He likes the old Hollywood model.
>> He likes
>> Well, some of it some of it he likes,
some of it he doesn't. Yeah, but he's
not. Oh my god,
>> he's they've got the theater owners in
there.
>> Compared compared to Larry Ellison.
>> Agreed.
>> He is in love with those makeup artists
and those
>> Larry Ellison is going to leave you
Hollywood people naked without
>> He's going to say, "I have an idea.
>> Going to I know them. You know,
>> let's take let's take the 40 movie
release with an average budget of $140
million
>> and let's do 60 million. Let's do 60
movies at 14 million each using AI.
>> That's right.
>> And where do those where do those cost
efficiencies come from?
>> That's correct.
>> Instead of having 18 costume designers
on the Fantastic 5, they're going to
have one in an enic layer.
>> And by the way, it'll probably be AI
slop. I don't think it'll work.
Warner Brothers film unit
production cost by 40% and it's all
going to come out of and where the [ __ ]
are I can't believe the unions aren't
like
>> it's Netflix or we are not
>> I think you're finally right about these
unions. I mean I I think it's not great.
Listen listen the theater issue is a big
one but you know what consumers don't
like the theaters as much. Listen to
consumers. It's not because that tech
did something. They did. They gave them
an alternative that consumer. We all
have our own theater now. It's at home.
What they should be caring about is the
economic livelihood of the people
actually producing the content.
>> Correct. But the issue is the expenses.
Like I was just as I said I did this
heated rivalry interview. I mean they
made that show which is an enormous hit
for which is by the way on HBO Max uh
for two two million to3.5 million an
episode. Stranger Things 50 to60 million
dollars an episode. I mean, and the
government helped pay for it. There's no
way our government's gonna help pay for
a gay hockey love story. But that said,
it's the economics are changing so
drastically, you don't even have to use
AI to understand you need to change the
economics. And let me tell you in no
uncertain terms, having covered Larry
Ellison for 30 years, he is going to do
what it takes. He is has no
sentimentality toward anything except
making more money and so he will do
whatever it takes and that includes
squeezing all of you and for his for his
benefit and I know David loves movies
etc etc but at some point uh this is not
a romantic fantasy of saving Hollywood
it's not that's what kills me and here's
the here's the thing I don't think the I
think the elins have misplayed this so
badly they've taken too long they should
have done all those things they just
agreed to months ago uh to make it
better. They should have increased the
price if they really wanted it. They're
they're being very cute here and all
they do is attack Netflix. They are very
prime for attack. And then meanwhile
over at CBS we're getting a preview of
their shitty management and their shitty
decisions whether it's Taylor Sher
Taylor Sheridan which I thought was in
massive miss Anderson Anderson Cooper
who you may end up buying the Ellison's
man buying and being his boss he cares
so little for them he's willing to quit
60 minutes and he's going to whatever
happens if they get if they become his
boss that's how much he doesn't like
them. He know he they could they could
end up being his boss in 15 minutes.
That that should tell you everything
about it is quality people don't want to
be affiliated with it. So I listen I
agree probably this consolidation is a
problem and and there probably was a
better
I don't know what the better deal here.
I thought the spin-off was the best idea
for now and then later they could sell
the film studio. That's was my feeling.
That was my feeling on the whole thing.
Um, but this is where it's headed and
the Ellison's are showing you exactly
how they manage a property and you
should pay attention to it.
>> I for the life of me, I can't figure out
why the unions haven't come out and
said, "If Paramount gets this, we're
out."
>> Yep.
>> We're out.
>> We're good luck. Good luck managing this
thing. Day one, day one after this
closes, we're shutting the whole [ __ ]
thing down.
>> Well,
>> no TV production, no attention to
people. You know, they offered Anderson
Cooper a fortune to run to be the head
of the to be the face of 60 Minutes and
he even he couldn't do business with
them. So, I'm just saying a lot of
money, you know, and by the way, he
should spend more time with his kids,
but that's not what happened here.
Anyway, although I think it's partial.
I'm sure that's partial. So, anyway, uh
let's go on a quick break. When we come
back, we'll talk about the Pentagon's
fight with anthropic. This is something
else.
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Scott, we're back with more news.
There's so much news, it's all
different. The Pentagon is considering
cutting ties with Anthropic amid a
dispute over how Claude can be used by
the military. Anthropic wants limits on
uses like for weaponry that fires
without human input and mass uh this
domestic surveillance seems reasonable,
but the Pentagon wants access for all
lawful purposes. Open a Google and XA
have agreed to have models deployed in
unlawful use cases. In principle, Pete
Hexath is reportedly also considering
labeling anthropic supply chain risk
which could force contractors seeking to
work with the US military to stop using
claws. Senior Pentagon official said the
change will be a pain in the ass and the
Pentagon would make sure Anthropic pays
a price. Pete is a [ __ ] idiot. He
just actually let go of someone who has
an incredible um he forced out this
colonel who had this incredible record
cuz just cuz he's competent. Um really
interesting. There was just a picture
from I think it was India where the
anthropic CEO and Sam Alman wouldn't
hold hands for a second together which
was funny. They're in a big beef but
that's a separate beef. Um, this is
really interesting. I'd love to know
what you think about this because
they're not they're standing firm. It
looks like anthropic is like we're not
going to be used, you know, to attack
humans without a human intervention or
domestic surveillance, etc.
>> Yeah. So, the the Pentagon, they're
threatening to they're threatening to
sever its $200 million relationship with
Anthropic.
>> Not big. Not too big
>> because the AI firm insists on
maintaining limitations on how the
military uses their LLM. uh anthropics
red lines are no mass surveillance of
Americans and no fully autonomous
weaponry. Right? So,
but this is yet another example
of
a a loss of capitalism. This is
technically a very severe form of
socialism and that is the state has
decided they control the means of
production. private companies are
allowed to have their own guidelines and
if those guidelines mean they can't work
with a military contractor they they get
to make that decision.
So this is and them trying to shame them
and threaten them economically
is the worst type of socialism. So all
of these quoteunquote free market people
claiming this is private companies
Vox gets to decide if it doesn't want to
work with the Pentagon.
And so
if they sign a contract, fine, they have
to live up to their contract. But the
fact that Anthropic has these
guidelines, I again think this is a bit
of a cold bear moment for Anthropic. And
that is Anthropic has starts their hat
white in an environment where the
majority of Americans feel really uneasy
about AI. So, Anthropic has sort of
positioned itself as the clean, well-lit
corner of the bookstore here,
>> like Apple and privacy or Apple and not
>> 100%. We're the good guys.
>> Mhm.
>> And so, I I I as we sit here today, I
actually think that Anthropic or in the
next 12 months, this one of our
predictions is going to be worth more
than open AI. But this is a win for
anthropic and another example of the
government deciding they get to dictate.
They're not breaking the law. The
government gets to dictate visav laws
that okay, you can't discriminate based
on someone's sexual orientation, race,
ethnicity, gender, whatever. They can
enforce that. There's no law saying that
if you're a company that doesn't want to
engage in mass surveillance of citizens
that you're you have to work with the
government. that there this is this is
socialism gone arry. This is market
intervention where there shouldn't be
any. And when it comes from on Pentagon
stationary, I mean they might as well
just have had Donald Trump sign this. I
think this is actually going to be
>> it's a text will you do what I say.
>> It's a col bear moment. Daario Emodi is
being like Colar and sticking up the
middle finger and a lot of enterprises
and a lot of consumers are going to go,
you know, I like a company that refuses
to engage in mass mass surveillance of
its own citizens.
>> Yeah, I think this is a good Anyway,
we'll see. Pete Hag says, you're also a
[ __ ] Anyway, um one more quick break.
We'll be back for predictions.
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>> Okay, Scott, we're going to talk about
predictions, but first, um, I have one
prediction I'm going to make, but I'm
going want to do this first. The US
military is moving into place for a
possible Iran strike. probably because
this Webpstein stuff is getting hot
again for Trump as early as this
weekend. Scott, let's hear what you said
in January.
>> Bottom line is my prediction is that I
think we're about to see the US conduct
a military strike on Iran.
>> Now, you thought it was pretty quickly,
but the state uh but but it's happening
possibly this weekend. There's they've
they've amassed an enormous amount of
military might in the region, probably I
think more than when they were doing the
last war, they were over there. So it's
that this the things are in place, the
battleships are in place. You do you
want to talk about that or do you have a
different prediction?
>> Oh, no. I I think it's on and and let me
be clear. I like this. I would like to
see I think the Islamic Republic is one
of the most misogynistic, brutal regimes
in the world right now. And I think Iran
has the cap the potential uh to be an
outstanding ally. And I think if and
there's a lot of unknowns here. regime
change, you know, brings its own risk
>> and why he's doing it at this moment.
But go ahead.
>> But he can be doing it for the wrong
reasons and can still have a good
outcome. I'm I'm absolutely 100% in
favor of this. And I think that Iran uh
being quote unquote
just less oppressive, less brutal, will
be really good for the region and really
especially good for the women of Iran
>> if they can complete what they need to
complete. If they just don't and they
just beat them up again and then leave,
it's a different issue.
>> I think the regime the regime is hobbled
and I think this could tip it over. I
not to get in too much in the Jesus, I
think they need to coordinate with the
MSAD and have agents on the ground and
do a series of of targeted executions
quite frankly or assassinations.
Execution is the wrong word.
Assassinations.
But I'm a I'm a huge I'm a huge
proponent of this. If you look at troop
movements, whether it's refueling
planes, supply chain cargo, aircraft
carriers, uh, specialized operations
troops, they are either playing serious
poker or they are about to do this
imminently.
>> They kind of have to, right? And Trump's
probably in the mood. I think that I
think the other factor here is he has a
State of the Union on Tuesday. I think
he can't complete a state of the union.
I just
>> He also he also wanted to distract from
the Epstein files.
>> Epstein files. loves he loves the macho
flex of what happened in Venezuela. This
he thinks is going to be part two
>> which didn't last too long.
>> And also Rubio positions himself for
president with these types of actions.
And Rubio is probably whispering in his
ear this would be a great move for us.
Uh I I'll be very curious how our allies
in the region what they think of this.
But I I think it's on and I have think I
have thought if you just look if you
just track um uh troop movements, ship
movements, supply chain movements. I
mean we are moving a lot of stuff to the
region and we are sort of we are ready
to go. We are at the starting line.
>> Yeah, he'll cancel the state of the
union would be my guess. If this is
happening thought of that
>> um and I don't think he can complete
one. I don't I think he is quite losing
it as you know in some fashion. I'm not
so sure he's he's I think I know he
seems vibrant, but I I suspect that it's
there's problems around that. Um that's
just me. Uh one the only prediction I
would say is today uh Wired published a
story about uh the gay mafia in Silicon
Valley. They had written me about it and
I was like there's no such thing. There
just isn't. Sorry.
>> Gay mafia.
>> Yeah, I know. It's the it's a story that
they wanted to work on. They had
contacted me years ago about it and
they're like let's talk about you and
the game. I'm like there is no I don't
have friends with Kim Cook. There's no
gay mafia. There's I mean, sorry, but I
thought it was a silly idea and I still
think it is. And I have to say I think
they're going to get a lot of push back
for the illustration which shows uh two
hands coming out of two crotches, one
with a with a rainbow, you know, Apple
watch on uh but the penises are hands
and they're shaking. So, I thought that
was so [ __ ] insulting to gay people.
I'm sorry, guys. That was a terrible
illustration. Like I don't usually I
usually laugh at most like jokes about
gays, but oh my god, you don't have to
have, you know, penis.
>> Well, there's definitely no gay mafia,
but it's obvious that Jews run the
world. I mean,
>> right?
>> What the [ __ ] But why do you have penis
hands? We don't need penis hands.
>> Yeah. Just speaking along those lines,
George Han pointed out something that
really struck me as very insightful.
>> I think they're going to get in trouble
for it. That's my prediction because
it's stupid and it's really offensive
and I don't usually get offended. So
that's my meter. But go ahead. We
referenced Heated Rivalry before and he
said the thing he loved about Heated
Rivalry and it just struck me as so true
is that he felt it was the first time
>> that not one but both gay men were
depicted as just incredibly high
performance good-looking functional
>> like impressive men. One wasn't one
wasn't neurotic or quote unquote very
flamboyant or one wasn't struggling with
some they're just both really impressive
men and I I literally tick through every
depiction of gay romance and he's right
there's usually one person that feels
>> lesbians have gotten a better shake
recently
>> kagy and lacy
>> no lord and things like that um but yes
I agree with you I agree there's a great
book that I recommended vto Russo the
celluloid closet is a history of how
gays were depicted it uh and it it it
continues to this day and for gay men
they do not get as much complexity as
these two. I'd agree with you. Yep.
Absolutely.
>> Well, a certain extent the Epstein the
Epstein class has sort of diminished the
comfortable notion that gay people are
more inclined to be pedophiles. No, it's
it's rich white dudes that seem to be
more inclined.
>> Rich straight white dudes.
>> Yeah. And let me tell you, go straight
to hell for doing anyone who did that
should go straight to hell. Anyway, on
that note, um, uh, and no more penis
penis handshakes. Anyway, uh, we want
wired. I love you, Katie, but
>> I don't get a prediction. You're just
rolling right.
>> You just did that. No, no, go ahead. No,
now you have another one. Go ahead.
>> What was my prediction? I
>> military Iran.
>> Well, I made that one a month ago.
>> All right. Okay. What's your new I want
to say? You just I feel hurt. I feel
shamed. Okay, go ahead.
>> Okay, fine. We're bombing Iran. Never
mind.
>> No, go ahead. No. What's your
prediction? Well, I don't know if you've
noticed, but about $1 trillion
in value has been destroyed amongst the
biggest AI players since the beginning
of the year
>> as you were noting they would
>> and what's interesting about it is I
mean a few things need to happen needed
to happen either revenues needed to like
even jump more to justify the the
massive capex and that didn't happen. So
their stocks have come down. What's
really interesting in my opinion is that
what also happened though is that people
still think these technologies
um I mean just an example Amazon's off
14%. Microsoft's off 17%. B Apple
>> Apple has dropped Amazon's had its worst
couple weeks in a in several years.
>> Yeah, they've lost
500 billion.
>> They've lost a lot. Um, so but what's
also interesting is there's been a
trillion dollar wipeout at SAS companies
and that was when Enthropic unveiled its
uh Claude Co-work uh legal automation
tool.
>> It triggered uh what traders at Jeffre
immediately christened the SAS
apocalypse erasing approximately 285
billion in market cap in a single
trading day.
>> Software companies. Yeah. The general
notion is that people aren't going to
need that basically you're going to be
able to write a prompt and you'll be
able to replace Adobe, Salesforce,
Service Now.
>> Yeah.
>> And that these companies have been fat
and happy for 30 or 40 years.
>> Yeah, they have.
>> And these companies So
>> this one I agree with.
>> Well, it's interesting because
Salesforce is off 25%.
Uh Adobe is off 25 to 30% this year.
Intuitit is now down 34%. It's lost a
third of its value year to date. Now my
view and this is and this is my
prediction is that
these companies are much more deeply
integrated into their corporate
customers than people believe. And even
if you can write the code really
efficiently and quickly without their
technical staff at these companies,
their technical staff is only 10 to 20%
of their employees.
So they have they have really powerful
UI, they have client service, they have
client management, they have integrated
billing, they they are so deep into
these companies that I think rumors of
the death of these companies has been
vastly exaggerated. And as a multiple of
free cash flow, these companies have
never traded at a lower multiple. In
addition, if you actually look at the
>> opportunity is what you're saying
>> 100%. If you actually look at their
revenues and their margins, there is
absolutely no evidence whatsoever that
AI is hurting them. None whatsoever.
>> Yeah.
>> So my prediction is that a basket
>> a basket of stocks Adobe
>> Figma Service Now Salesforce that
they're going to have um great returns
from here on out. I think
>> especially if they integrate the AI
features in in a way that's helpful to
people, right? That's what it it I find
them like I what what's interesting is
and I think we should talk about this
Monday, this fight between open and I
just hired um a very significant person
from from Instagram, Charles Porch,
who's really talented talent relations.
Um Figma did a deal with Claude, you
know, uh Open AI got a hold of OpenClaw,
right? It's really interesting what's
happening. It starts to become what's
actually useful and who takes advantage
of the utility. Correct. And some of
Adobe could do it, right? They could
easily make their product 100 times
better.
>> Well, just looking at it operationally,
say they spend 10 or 20% on programming
and that's no longer a a moat because AI
can come in and write the code just as
easily. These companies themselves could
reduce their cost by 10 or 20%. Shed
that technical staff quite frankly and
then pass on those savings to their end
consumer while not giving up any ibita
or margin. In other words, 80 80% of
their capex goes into things that or or
their expenditures goes into things that
AI is not challenging. AI is challenging
their technical mode, but AI is not
challenging the fact that
my even my shitty small companies were
all on Salesforce. The idea of someone
coming in and saying, "We'll give you
50% we'll we'll charge you 50% less."
I'm like, "Are you kidding? I just spent
the last [ __ ] year training everyone
how to use Salesforce, right? We're all
on it." if they give me more for
>> and I get invited to cool Salesforce
events and they give me research and the
nice attractive dude who used to play
football at Cornell shows up and he's
our Salesforce representative. These
these companies are much more deeply
integrated
>> into their client base even if if
there's a widget on anthropic that helps
you build the code that they offer. It's
just not that
>> there has to be an alternative stack is
what you're talking about that match
>> well did that it what it'll do though
these companies are smart what it'll do
first off I think these companies are
really fat and happy and there's a lot
of expense cutting that they they could
all endure my prediction is the
following I think the sale or the
decline on uh these these companies
Adobe Salesforce Service Now I I think
it's been overdone and that a basket of
the companies that have endured this SAS
apocalypse are going to are going to do
really Well, I think it's a great
investment because if you look at their
multiple on free cash flow, they've
never been lower. They've never been
cheaper. And I see absolutely no
evidence whatsoever that AI is reducing
their top line or their bottom line.
>> Greatly exaggerated.
>> That's exactly right.
>> All right. So, anyway, that's a great
one. I love that one. Um, I think you're
right. I think you're 100% right. We
want to hear from you. Send us your
questions about business, tech, or
whatever's on your mind. That was useful
for our listeners, Scott. Thank you. Go
to nymag.com/pivot
to submit a question for the show or
call 85551 pivot. Elsewhere in the Karen
Scott Universe this week on Profy
Markets. Scott spoke with Professor
Aswath Deotin, professor of finance at
NYU's Stern School of Business to
discuss why he's concerned that the
market is ignoring catastrophic risks.
After the second world war, we put
together an economic order centered
around the US and the US dollar and
that's coming apart and the market seems
to essentially be blowing back saying it
doesn't matter. We're we're going to
figure out a way and just like we did on
co and maybe that's part of what's going
on here is people are saying markets are
resilient enough they're going to find a
way even through this dramatic change in
how the global economy is run to find
the other side. There seems to be too
much of an acceptance that we'll figure
a way through this without serious pain.
>> Well, that's what they're like whistling
past the grave. That's great. He's so
smart. Otherwise, is so smart. Um, we
obviously didn't talk about RFK Jr. and
Kid Rock's exercise video.
>> I don't know how to feel about that.
>> We don't know how to feel about that. I
feel like if I watch that and then watch
Heated Rivalry, I might just explode
into an orgy of like
>> They said the worst the worst season of
Heated Rivalry was those two. Oh my god.
God. rage against.
>> Every time I see Kid Rock, I immediately
think, "How much Sudafed can I buy at a
CVS?
>> There's so much good stuff on the
internet about it." But remember, it's
your taxpayer dollars at work. Oh my
god, there's
>> a milk in a hot tub. That's all I have.
>> That's the workout video for single dads
who fight for child custody and then
never see their kids.
>> Thank you. Let's end on that. Okay,
that's the show. Thanks for listening to
Pivot. Be sure to like and subscribe to
our YouTube channel. We'll be back next
week.
Ask follow-up questions or revisit key timestamps.
The video discusses several current events and trends. It begins with a lighthearted exchange about baking, then delves into the arrest of Prince Andrew and its implications, linking it to the Epstein files and criticism of past investigations. The conversation shifts to the societal impact of social media, with a focus on a lawsuit against Meta regarding Instagram's effect on teen mental health. Mark Zuckerberg's testimony and Meta's internal research are highlighted. The segment on social media's addictiveness and negative impact is further extended to include Apple and other tech companies. The discussion then moves to the media industry, detailing the controversy surrounding Stephen Colbert's interview with James Telerico, CBS's response, and the potential impact on Telerico's political campaign. The potential acquisition of Warner Brothers Discovery by Paramount or Netflix is analyzed, along with the financial strategies and industry shifts involved. Finally, the video touches on the Pentagon's dispute with Anthropic over AI usage, the market's reaction to AI companies, and concludes with predictions on the future of AI and tech stocks. It also briefly mentions potential military action against Iran and a variety of other topics like the 'gay mafia' in Silicon Valley and the depiction of gay men in media.
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