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Resist and Unsubscribe: Scott Galloway’s Plan to Hit Big Tech Where It Hurts | Pivot

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Resist and Unsubscribe: Scott Galloway’s Plan to Hit Big Tech Where It Hurts | Pivot

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1769 segments

0:00

The way you want is the most impact with

0:01

the least amount of sacrifice. Make it

0:03

easy and also maximum impact.

0:08

[music]

0:11

>> Hi everyone, this is Pivot from New York

0:13

Magazine and the Vox Media Podcast

0:14

Network. I'm Cara Swisser

0:16

>> and I'm Scott Galloway.

0:17

>> Before we do anything, I'd like to point

0:19

out that as of this episode drops, it's

0:21

been 42 days since the deadline passed

0:23

for the DOJ to release all the Epstein

0:25

files. Though, we do have an update. DOJ

0:27

officials said in a court filing this

0:29

week that they expect to release the

0:30

files quote in the near term, but they

0:33

did not provide a specific date. Pam

0:35

Bondi, get on it. Scott, after Sunday's

0:38

bonus episode about the violence in

0:40

Minnesota, we've gotten a mountain of

0:41

responses to our discussion of the

0:43

economic strike that you suggested. I

0:45

know you're working on something and

0:46

we'll talk about that in a minute. But

0:47

first, here's what some of our listeners

0:49

had to say. I'm seeing online some

0:51

suggestions of people stop paying their

0:54

income tax by updating their W2.

0:56

>> I and many of my colleagues are watching

0:58

with sadness a lot of anxiety and anger

1:01

at the escalating violence and I keep

1:02

wondering what if anything people

1:04

outside the US like me can do that's

1:06

actually useful. Reportedly, Vanguard,

1:09

Black Rockck, and Fidelity hold half of

1:12

the shares in two companies, GEO Group

1:15

and Core Civic, which run nearly 90% of

1:19

ICE detention facilities. If investors

1:22

divested from these collaborators and

1:24

others, could that put a stop to ISIS's

1:27

worst abuses? And given a lot of you

1:30

have been writing in wondering what you

1:31

can do personally, we asked financial

1:33

educator Vivian Tu, host of Net Worth

1:35

and Chill, uh, to give some tips on how

1:38

to make an impact. Let's hear what she

1:39

had to say. Hey Scott and Cara, heard

1:41

you guys were talking about an economic

1:43

blackout. I've got a couple personal

1:44

finance tips. For our friends with a lot

1:46

of financial discipline, you could

1:48

consider changing your W4 withholding

1:50

for your taxes. You'll pay fewer taxes

1:53

throughout the year and then pay them

1:54

all in one lump sum come tax time.

1:57

You're not going to get to pay fewer

1:58

taxes overall, but why let the

2:01

government hold your money and do stuff

2:02

with it for longer than they need to?

2:04

Make sure you are taking advantage of

2:05

time value of money. Up next, everybody

2:08

talks about shopping local versus

2:09

corporate, but another thing you can do

2:11

is pay in cash. These local businesses

2:14

often times might even give you a small

2:15

discount for doing so because then they

2:17

have to give less up as well. Wink wink.

2:20

And last but not least, for the economic

2:21

blackout, money that you aren't spending

2:23

on buying stuff, make sure you're

2:25

putting towards a really smart strategic

2:27

cause. Things like paying down your debt

2:29

so you aren't so heavily tied to

2:30

financial institutions, but also causes

2:32

that you care about that might support

2:34

things like immigration or human rights.

2:36

The main takeaway is this. Economic

2:38

boycotts do not work if a small

2:40

population stops spending cold turkey

2:42

for one to two days. What we're actually

2:44

going to need is a critical mass of

2:46

people to scale back their consumerism

2:49

over weeks and months. And even if they

2:51

can only do it to 70 or 80% of their

2:53

ability, that is going to have a bigger

2:55

impact.

2:56

>> Scott, you should know Vivian's upcoming

2:57

book is called Wellend Endowed. I

2:59

thought you'd like that. Um, but you

3:01

what? This has taken over.

3:03

>> She did not interview me. She did not

3:05

interview me.

3:06

>> So, tell me you tell me what what we

3:08

talked about this a lot of people were

3:10

talking about it. Go for it. Well, last

3:12

night I was about to make love to my

3:14

sweet, sweet lady and uh she put my

3:18

penis in her hand and then it was dark

3:20

out and she said, "I'm sorry, don't

3:21

smoke."

3:22

>> Um,

3:24

[laughter]

3:25

national economic strike.

3:27

>> Okay, great. You stepping on your penis

3:29

there, Scott. Go ahead. uh my bluff has

3:31

been called here and that is uh I think

3:34

that America feels a lot of anxiety

3:37

around its government not providing

3:39

security and prosperity but terror and

3:41

anxiety and I've thought a lot about

3:43

this and if you look at where Trump and

3:45

the administration respond they don't

3:47

respond from citizenry co-equal branches

3:50

of government or even the Supreme Court

3:52

where they do respond really crisply is

3:55

uh from markets and within 24 hours he

3:59

backed off tariffs annex in Greenland,

4:02

um pressure on interest rates, tariffs,

4:04

when one thing has happened, the S&P has

4:06

gone down or the bond market has started

4:08

to get wobbly. So then the question

4:10

becomes if that's the fastest blue line

4:12

path to getting ice out of cities or to

4:15

putting in more protocols or or just

4:17

flexing that we're watching.

4:20

The fastest way to do that, what you

4:23

want is the most impact with the least

4:25

amount of sacrifice from the cit

4:26

citizenry

4:27

>> to make it easy. make it easy and also

4:29

maximum impact. I think not buying

4:32

groceries is not a lot of impact because

4:33

these companies are very low margin. Uh

4:35

they're not companies CEOs that he

4:37

listens to or cares about. So I

4:40

bifurcated into two types of companies.

4:42

What I call ground zero. Big tech

4:45

controls 40% of the S&P. They are growth

4:48

companies that are very very highly

4:51

valued right now. So any any slowdown in

4:54

growth could potentially have a

4:56

disastrous effect on them. So that's

4:58

kind of the soft tissue of the economy

5:00

right now and where our consumer

5:02

economy, which is 70% consumer spending,

5:04

could have the greatest impact with the

5:06

least amount of effort. So I've listed a

5:09

series of big tech companies and um

5:12

launching the site uh probably on

5:14

Sunday.

5:15

>> What's it called?

5:16

>> Uh it's called uh Thank you for asking.

5:18

in doubt.

5:20

>> It's called It's called Resist and

5:22

Unsubscribe. So, if you like what we're

5:24

saying, don't like and subscribe. Resist

5:26

and unsubscribe. I've also got the URL

5:29

>> um uh unsubscribe February because to

5:32

Vivian's point, it can't be one day or a

5:34

week. It has to be sustained and there

5:37

has to be a viral component to it. So,

5:38

the companies in what I call ground zero

5:40

are Amazon and I have instructions on

5:42

how to subscribe from Amazon Prime,

5:44

Audible, Amazon Music, Prime Video,

5:46

Anthropic. You could pick what you want,

5:48

right? You could

5:49

>> Well, hopefully all and not only that, I

5:51

don't want to tell people what to do and

5:52

what not to do. People have different

5:54

means point. Yeah.

5:55

>> People have different means and ideas on

5:57

how they can participate. And I'm not

5:59

going to tell anyone to not buy

6:00

groceries or not show up for work, but

6:02

if you want to have the biggest impact

6:03

possible, I've tried to identify those

6:05

companies. Disney, Google, Microsoft,

6:07

Netflix, Open AI, Uber, and Meta. And

6:11

>> and then you've given the argument why

6:13

why what they've done. So you can decide

6:16

what you think is acceptable or not.

6:18

>> The reason why I I really do think this

6:20

idea is so powerful is you get a couple

6:22

free gifts with purchase. Not only do

6:24

you achieve the quoteunquote economic

6:25

slowdown, but you have an outsized

6:27

impact unsubscribing specifically from

6:29

these companies that are driving the

6:31

market right now.

6:32

>> Two, it just so happens that the

6:34

majority of the CEOs this of these

6:35

companies have been especially

6:38

sickopantic and

6:40

>> played a really large role in enabling

6:42

all this [ __ ] Whether it's Tim Cook

6:45

showing up and prostrating himself with

6:47

a Melania documentary, whether it's

6:48

Amazon greenlighting a $30 million um uh

6:53

documentary that made no [ __ ] sense

6:55

that was just pure grift or bribery,

6:58

>> whether it's uh uh obviously meta,

7:01

whether it's Satcha Nadella sitting

7:02

there and trying to communicate to

7:04

people, I don't like it, but I'm going

7:05

to continue to do it. Just want to

7:07

remind everybody that back in the early

7:09

30s, Hitler's rise was largely enabled

7:11

by corporate CEOs who basically said,

7:13

"If you destroy our trade unions, we

7:15

won't speak up against this democratic

7:17

slide into fascism." And once it got out

7:19

of hand, it was too late for them to do

7:21

anything. So, we have been to this place

7:23

before where people used the excuse of

7:24

shareholder value to enable and and

7:28

basically not provide any friction to

7:31

what is the type of terror. question

7:33

because I think a lot of people want to

7:35

decide like one of the things that's

7:36

good is we're Scott's I've seen some of

7:38

it is going to give you information to

7:40

make your own decisions. For example,

7:42

with me I got rid of arcade. I got rid

7:44

of the one thing I got rid of

7:46

>> not buying an iPhone

7:48

>> not buying an iPhone. So

7:49

>> canceling Apple Music, whatever it might

7:50

be.

7:51

>> Yeah, whatever. But if you want to do

7:52

that and keep Apple Music, like we don't

7:55

we don't judge you. It's just here's

7:56

your the tools, right? Here's the tools.

7:59

Stop doing Prime. If maybe if you don't

8:00

want to cancel Prime completely, you can

8:02

stop buying on it for like people should

8:04

decide.

8:05

>> People should decide what to do. And

8:07

it's not forever, by the way. It's not I

8:09

shall never use it again, right? Like

8:11

orange juice people still drink after

8:13

the boycott of Anita Bryant. That's 100

8:15

years ago, kids. Um, but that's what

8:17

you're trying to get at is giving people

8:18

tools on does it have links to where you

8:21

where you can do these things or just

8:23

>> name of the company, all the different

8:25

services you can unsubscribe to, a link

8:27

to where you unsubscribe, the

8:28

unsubscribe page, and a brief

8:30

description of why we're doing this. So,

8:33

the the ground zero is big tech

8:35

companies. And also,

8:36

>> the truth has a nice ring to it. I'm

8:38

going from two LLMs to one. I don't need

8:41

Anthropic and Open AI. I'm going and

8:43

this is the one that hurts. I'm going

8:44

from six streaming platforms to one. I'm

8:47

not giving up on all streaming

8:48

platforms, but I'm going to pair it way

8:50

back. And the free gift with purchase

8:52

here, when you start looking at this

8:53

stuff,

8:54

>> I found out, for example, I have three

8:56

HBO Max accounts. I didn't realize I had

8:58

three.

8:59

>> It's not a bad idea to take some time to

9:02

think where am I just spending money

9:04

every month,

9:05

>> unbeknownst to me, where quite frankly,

9:07

I probably could pair back a little bit.

9:10

So there's the ground zero. That's the

9:12

big tech companies who will have an

9:13

outsiz impact on your your absenteeism.

9:16

By the way, the most radical act in a

9:18

capitalist society, hands down, is

9:20

nonparticipation. Yeah.

9:22

>> And then the second group of companies I

9:23

list is called the blast zone. And these

9:25

are companies that are directly working

9:28

with uh ICE. AT&T awarded 90 million to

9:31

provide ICE with IT and network

9:32

projects. Comcast, Charter

9:34

Communications, Dell Technologies,

9:35

Deote, FedEx, Palanteer, UPS. I list how

9:39

you can how you can leverage your

9:41

economic muscle against them and what

9:43

how they are participating. You may

9:45

decide that this is you know not for you

9:49

or it's too big to give up. But I'm

9:50

giving you a ton of options. There's

9:53

ground zero outsiz impact and then

9:55

there's the blast zone that is companies

9:57

directly working with them. And I want

9:58

to be realistic.

9:59

>> I am not going to give up telco but I've

10:02

switched to mobile from AT&T. I'm going

10:05

to go from five streaming media

10:06

platforms

10:08

>> to one. And I think you can have a lot

10:10

of impact here. I'm trying to make it as

10:12

social as possible

10:13

>> and hope that people join in. But I

10:15

think if we're looking the for the

10:17

lowest tax way on citizenry

10:20

>> to get the administration

10:22

>> to um to pay attention. It's about

10:24

markets. It's not about ideology. It's

10:26

about math.

10:28

>> And it's about not participating. And

10:30

it's the easiest thing I could come up

10:32

with to have an outsized impact. We had

10:34

a lot of stuff about people not knowing

10:35

what to do and maybe they don't want to

10:36

go to protest or fly to Minneapolis if

10:38

you don't want to do that or you don't

10:40

want to just sit around and doom scroll

10:41

and activism. This is this is an one of

10:44

the many many many ways. And I think

10:46

it's great that you're doing this,

10:47

Scott. Good for you. What streaming

10:49

service did you keep?

10:51

>> Oh, I can't say.

10:53

>> But I I was I was talking I had we had a

10:55

you know one of those family meetings.

10:56

Yeah.

10:57

>> I don't want to play favorites. Um

10:59

>> um uh because I've already heard from

11:01

some of the CEOs of these companies. is

11:03

already out. And they're, by the way,

11:04

they're not thrilled about this.

11:05

>> No, they're not. I've gotten some

11:06

[laughter]

11:07

>> I've got some that was the only that was

11:10

really aha moment. We had a family

11:11

meeting and I said to my kids, we're

11:13

going to cancel it all streaming

11:14

streaming media platforms. And I

11:16

literally got that look like memo to

11:17

self, smother, dad, and sleep.

11:20

>> So [laughter] I said I said we can keep

11:22

one and it's only for February.

11:24

>> Yeah.

11:25

>> And there's a huge argument because one

11:26

kid's into Premier League football and

11:28

that's Paramount Plus and the other's

11:29

like, Paramount Plus, are you [ __ ]

11:31

high? I mean, and it just caused

11:34

a near riot.

11:35

>> See, that's the I had a discussion with

11:37

one of my children about Apple Music.

11:38

I'm still in the middle of the

11:39

discussion about it. I was like,

11:41

>> "Oh, yeah." So, they're like, "Okay, I'm

11:42

off Apple Music, Amazon Music, but

11:44

they're keeping Spotify." It was

11:45

interesting consumer preference. It came

11:47

down to Netflix or HBO Max was the two

11:50

we distilled down to, and I won't tell

11:52

you which one we picked.

11:53

>> All right. Okay.

11:53

>> But it's interesting to think about how

11:55

you prioritize.

11:56

>> It is. I [clears throat] was surprised

11:57

by the push back from one of my

11:58

children. They're like, "Wait a minute.

12:00

All my list." I was like, "Oh, you know,

12:02

but anyway, you have those discussions.

12:04

It's actually then it ended up being a

12:06

really interesting discussion about

12:07

economic boycotts and what you can do."

12:09

So, it's a great opportunity to talk to

12:10

your kids and your and your spouse or

12:12

whoever about the economic choices you

12:15

make in life in general. Anyway, to be

12:17

clear, the site isn't up today, but uh

12:19

but Scott will let us know over the next

12:21

couple of days. Um, and we will know

12:23

activists around the country are calling

12:25

for no work, no school, and no shopping

12:27

today on Friday, uh, January 30th,

12:29

urging people to stop funding ICE.

12:30

There'll be lots of activities like

12:32

that. But not just Scott Galloway, the

12:34

great economist Scott Galloway, but

12:35

Robert Rice is talking about this idea.

12:37

It's really catching on the idea of it.

12:39

Um, and it's well beyond just a

12:41

temporary thing. It's like show you take

12:44

a minute and look at your life and what

12:45

where you're putting your money and your

12:47

money is important. Anyway, I have an

12:49

announcement now onto me. Yes.

12:51

>> Guess what? We've named my show on CNN

12:54

that is coming in the spring. I can't

12:55

say the exact day. Well, it's called

12:58

Cara Swisser Wants to Live Forever.

13:00

>> What do you think?

13:03

>> Uh, I think the tagline should be, "Oh,

13:05

fuck." [laughter]

13:08

>> Is it really Cara Swisser Wants to Live

13:09

Forever?

13:10

>> It is. It is. It's called Cara Swisser

13:11

Wants to Live.

13:12

>> What if you have a stroke in the middle

13:13

of the night?

13:14

>> It's brilliant. Don't you think? That's

13:17

what Amanda said. Amanda said that, too.

13:19

like she's like, "Oh, well then it would

13:21

more people would watch it, right?"

13:23

>> I I would I think it should be what if

13:25

we live what if we live forever question

13:27

mark with Cara Swisser. I would I

13:29

wouldn't make it.

13:30

>> Oh, well, it's already done. Done. Done

13:32

done.

13:32

>> Oh, well then I love it. I love it.

13:34

>> I [laughter] love it. Anyway, well, let

13:35

me just say, let me just very briefly

13:37

say for far too long the longevity space

13:39

has been captive. This is the idea

13:41

behind it of rich tech bros, jack dude

13:44

influencers, nonsense sellers of useless

13:46

supplements, and some lady who sells

13:48

candles that are named after her private

13:49

parts. Uh, sorry, Gren, but you started

13:52

it. Uh, well, after

13:53

>> she's lovely, by the way.

13:54

>> I know. I know you talked to her, but

13:56

I'm taking I'm there's a new sheriff in

13:58

town. After [laughter] enduring endless

14:01

conversations over the years, how to

14:02

live forever. I can't tell you how many

14:03

dinner parties I've been in with tech

14:05

bros telling me all manner of things,

14:07

none of whom are doctors. I I want in

14:09

except I'm going to show you the way for

14:11

the rest of us. It will be grounded in

14:13

science and facts about the best and

14:14

most affordable ways to stay healthy,

14:17

happy, and smart. Also, I took ketamine

14:19

so you don't have to. And Scott takes a

14:21

nap in it, just so you know. That's

14:24

that's what's coming for you. So,

14:26

>> um, [clears throat] so a couple things.

14:27

One, I think the market was screaming

14:30

for another person without medical

14:32

training to tell us how to live our

14:33

lives.

14:33

>> Excellent. Uh, [laughter]

14:35

>> I think that's what the market was

14:36

telling us.

14:38

But I talk to experts unlike some of

14:40

these people.

14:40

>> I talk to experts.

14:42

>> I talk to But this the second thing is

14:44

an honest question. Say you're not

14:47

>> I I'm all over this [ __ ] cuz I have I

14:50

now have too much money and too little

14:51

time.

14:52

>> Never noticed that [clears throat] you

14:53

like to focus on your health. And

14:55

>> I'm way too into this. And uh so the

14:59

question I would have is assume you're

15:01

an average income household. You know,

15:04

80 90 grand.

15:05

>> Yeah. maybe living in a city, maybe

15:07

doing a little bit better than that, and

15:10

you have insurance, but you don't have a

15:11

ton of money to spend on the stuff. What

15:13

are the two or three biggest learnings

15:15

around changes in lifestyle that you

15:17

would recommend to just

15:19

>> the average American?

15:21

>> I'd be happy to. It's just, you know,

15:22

it's only six episodes. Maybe we'll have

15:24

another season because there's so much

15:25

stuff out there and there's so much bad

15:27

stuff, by the way.

15:28

>> I was hoping it was five. I'm sorry.

15:30

[laughter]

15:30

>> Car Switcher wants to live. Yeah,

15:33

>> Fisher wants Everyone else wants this

15:36

series to [laughter] end.

15:39

>> Anyway, um that's okay. You can make fun

15:41

of it. I love I love it. Um uh I say I

15:44

would say well obviously the main thing

15:46

about longevity is don't be poor. Like I

15:48

hate to say that, but that's it. It it

15:50

matters a lot.

15:51

>> Well, that's good advice. That's not

15:52

going to make anyone feel bad.

15:53

>> But I'm just longevity is now going

15:55

>> make more money. That's the same advice

15:57

I've gotten from every girl I met at the

15:58

Four Seasons Bar. Make more money. So,

16:02

one of the main things, oddly enough,

16:03

you know, sleep is important, obviously,

16:05

diet and and exercise are important. And

16:08

there's lots of things, you know, that

16:09

everybody understands, fermented foods,

16:12

um, uh, stuff like that and eating. Um,

16:14

you know, the protein debate has gotten

16:16

out of hand. There's too much advice to

16:18

eat too much protein, but those are like

16:20

around the edges of saving you minutes

16:21

of your life. I think one of the things

16:23

I took away was one there's amazing

16:25

stuff going on around cancer research

16:27

using AI cancer and also mobility like

16:31

robotic stuff where people are going to

16:32

be outfitted and the the addition of AI

16:35

is going to change drug discovery cancer

16:37

research every it's like astonishing

16:39

that is really gene editing all that

16:41

stuff is really moving fast and that

16:43

will make a big difference in longevity

16:44

or at least health span right that

16:45

you'll live longer and not die of these

16:47

terrible diseases the second one is G

16:49

this is the science part GLP-1s Scott I

16:52

I think you had one of the early people

16:53

to this, but the benefits around uh just

16:56

obesity is what

16:58

>> I think it's a miracle drug.

16:59

>> It's a miracle drug and every doctor we

17:01

talked to talked about this and it now

17:03

has followon advantages and so you know

17:07

in very small amounts too and and that's

17:10

>> talk about micro doing people I know I

17:12

know a bunch of people do micro doing

17:14

GLP-1.

17:14

>> Yeah, I'm gonna I'm going to start doing

17:16

that related to my stroke actually which

17:18

is interesting. So um so anyway, so

17:21

there's there's there's a lot of around

17:23

GLP1's really important and everyone

17:26

vaccines and mRNA vaccines. I I know

17:28

they're controversial, but they're not.

17:30

They're they're they're going to have a

17:31

vaccine for cancer. There's that kind of

17:34

stuff is really amazing. But I have to

17:36

tell you the abs and there's all you

17:37

know all that other nonsense, the red

17:38

lights, none of that works really. Like

17:40

some of the stuff you do doesn't work,

17:41

but fine, whatever.

17:42

>> Can I go through the stuff I do and you

17:44

tell me what you think?

17:45

>> Okay. I didn't do everything so I may

17:46

not have an answer, but go ahead.

17:48

Testosterone therapy

17:50

>> probably good for you.

17:51

>> This is that thing they did with Peter

17:53

Atia. Um, red light. You don't No, you

17:56

No,

17:56

>> there's no scientific

17:57

>> vitamins. A vitamin supplements.

18:00

>> Some of them. Some of them and some not.

18:02

Like a vitamin D, a vitamin K. Uh, some

18:05

of the E super EPA stuff. Yes. Creatine.

18:08

Yes. Some of them ridiculous.

18:10

>> I do creatine every day.

18:11

>> Yeah, creatine is very good. What else?

18:13

>> What about um NAD? Either infusions or

18:16

the pills? Most people just think

18:18

there's no scientific yet yet not not to

18:21

push them out. Not to push them out, but

18:23

you know, peptides is a big moment here,

18:25

but unfortunately a lot of people are

18:26

using them uh ineffectively or

18:28

dangerously. [snorts]

18:29

>> But is there evidence that peptides

18:31

might have?

18:32

>> We don't know yet. We don't know. Not

18:33

yet. Not yet. That's a like there's a

18:35

lot of stuff like we'll see. It's just

18:37

how you use it and how it's deployed.

18:39

Like in the beginning of GLP1s, a lot of

18:41

people were getting shitty compounds and

18:42

getting really sick, right? So don't do

18:45

compounded these things. compounded. So

18:47

it's it's a matter of the one that is

18:50

keep going. Go ahead. What else?

18:52

>> Masturbation. Great.

18:54

>> Uh cold sauna or cold plunges or sauna?

18:57

>> Sauna. Hot sauna. Yes. Cold plunges.

19:00

There's a lot new science show may be

19:01

really problematic on people. Although I

19:04

know all the bros love it. Um but

19:06

there's all these these issues around uh

19:08

the shock and and different things. Hot

19:10

sauna is absolutely one of the things.

19:12

Let me tell you the number one thing

19:13

both scientifically and and both

19:16

causally and uh correlation is friends

19:19

and family

19:20

>> 100.

19:21

>> I want to I want to come back to that.

19:22

So next one getting plowed by six hockey

19:24

players and rethinking everything. Just

19:26

rethinking everything. Cara [laughter]

19:28

is that good for my health.

19:29

>> It is good for your health. Just be

19:30

careful.

19:31

>> Just rethinking.

19:32

>> But you you mentioned the one thing the

19:34

only thing I would add the the the

19:36

absolute key to longevity. You just you

19:38

just referenced it. Mhm.

19:40

>> key to good health and longevity,

19:42

relationships.

19:43

>> Relationships 100 a million%. And

19:47

related to that is the use of social

19:49

media and synthetic relationships. Lack

19:52

of friction wrongly. [clears throat]

19:54

Lack of friction for your brain. Brain

19:56

plasticity. Play games with people. Do

19:59

different things. Talk to people you

20:00

don't know. It has real health effects.

20:03

Argue. You and I are going to live

20:04

forever because of our relationship. You

20:06

know, I'm just saying that's it was

20:08

really surprising. The number one thing

20:09

and I'm not trying to be like all be

20:11

have be friends. Talk to people you

20:13

don't know. Do things that challenge

20:14

you. Um be involved in the community.

20:17

The more you are in the uh online space

20:20

with synthetic relationships, the

20:22

quicker you're going to die.

20:23

>> Anyway, I interviewed Timothy Snyder

20:25

yesterday, the guy who's the protest

20:27

expert,

20:28

>> and we were talking about and I

20:29

challenged him. I said, "Are protests

20:31

the new door knockocking?" And that is

20:32

they're losing effectiveness. And he

20:34

pushed back really solidly. He had a

20:35

couple really strong points. He said,

20:37

"One, when people organize, it creates

20:40

an infrastructure for other activities."

20:41

He said, "What's happened in

20:42

Minneapolis, people organize and then

20:45

they get a database of people, they

20:46

figure out how to communicate with each

20:48

other, and they've been turning out on a

20:50

dime to observe ICE raids. And a lot of

20:54

that is because the infrastructure

20:55

that's been built through protest." And

20:58

he also said something very powerful,

21:00

very simple. He said, "You feel better

21:02

when you do something with other

21:03

people." And it was so simple but so

21:05

puncturing. You feel better when you do

21:08

something with other people.

21:10

>> Yep. And it's good for your health as it

21:12

turns out. It's very good for your

21:13

health and it's great to bring back

21:14

community. And again, neuroplasticity.

21:17

Anyway, uh moving on. We've got a lot to

21:19

any We're very excited. Scott's site.

21:21

What's the name of it again?

21:22

>> Resist and unsubscribe or unsubscribe

21:25

February. If you like this idea, don't

21:28

like and subscribe. Resist and

21:30

unsubscribe. And also, please post. I'll

21:32

be posting my receipts

21:34

>> ideas.

21:35

>> Please post your own ideas, your own

21:36

receipts. If you've unsubscribed from

21:39

Amazon Prime for the month or whatever

21:41

it might be, please post it to your

21:43

social and try and drive people to the

21:45

notion of

21:47

>> resist and unsubscribe.

21:48

>> Yes, you can do something. And mine is

21:50

Cariser wants to live forever.

21:52

>> There you go.

21:52

>> Only Megan Kelly thinks that's not a

21:54

good thing. Anyway, moving on. We've got

21:56

a lot to get to today, including big

21:57

tech earnings and major social media

21:59

trials going on. So, let's dig in. White

22:01

House borders are Tom Hman. He of the

22:04

Baggo Money just gave a presser in

22:06

Minneapolis a little while ago, noting

22:07

he's on the ground to quote regain law

22:09

and order. It's Tom Tom says he's made a

22:12

lot of progress since he got there like

22:14

3 days ago. This follows Trump saying he

22:16

would deescalate a little bit earlier in

22:18

the week, but the violence hasn't

22:20

stopped. Uh Representative Ilan Omar was

22:22

attacked with an unknown substance at a

22:24

town hall on Tuesday. It's the latest

22:26

instance against a member of Congress,

22:27

Representative Max, while Frost was

22:29

physically assaulted at Sundance last

22:31

week, and both are Democrats, just so

22:32

you know, and quite uh more on the

22:34

liberal end of everything. Meanwhile,

22:36

the two federal agents who shot at Alex

22:38

Freddy have been put on administrative

22:40

leave. Border Patrol Commander Greg

22:42

Bovino has left Minnesota, but Homeland

22:44

Security uh Secretary Christy Gnome is

22:47

hanging on to her job for now. She's now

22:48

there's a lot of pictures of her her and

22:51

a head of lettuce going on three quart

22:53

and that there's a lot of infighting in

22:54

them in the between and among all those

22:56

people. Threearters of House Democrats

22:58

are backing her impeachment and a couple

23:00

of Republicans in the Senate are calling

23:01

for ouster Tom Telis who's leaving

23:03

doesn't give a [ __ ] anymore has finally

23:05

found his balls. Uh what do you make of

23:07

the changing of tact and also note Amy

23:09

Clolobashar has just officially

23:11

announced her bid for uh Minnesota uh

23:13

governor. Your thoughts?

23:15

>> Oh, it's interesting. I didn't know that

23:16

that Senator Clolobish is running for

23:18

governor. I think that's a great idea.

23:20

Um I think you know I've called this

23:22

before and I've been wrong. I do think

23:23

this is a turning point and the

23:25

[clears throat]

23:26

>> when I was in high school, my mom gave

23:28

me a bunch of John Irving books, you

23:30

know, the world according to Gar. They

23:32

made me just feel a lot better about

23:33

myself when I realized everyone else is

23:35

[ __ ] up and neurotic and having weird

23:37

thoughts

23:38

>> and it had a big impact on me. One of

23:40

the books that also had a big impact on

23:41

me was George Orwell's 1984. I think in

23:44

some ways it kind of might be the reason

23:45

I kind of went down the progressive

23:48

path, but there's a line in there and

23:51

I'll get it wrong, but it's basically

23:53

and the last act of the government was

23:56

to ask us to ignore or deny our our what

24:01

we saw and what we heard that basically

24:04

all of a sudden the government had gone

24:05

to no longer trust your faculties of

24:09

observation. Just

24:10

>> it was the [clears throat] last and most

24:11

important.

24:12

>> There you go. Thank you. And you always

24:14

have to one up me.

24:15

>> I'm just saying I

24:16

>> Why does Cash want to live forever?

24:18

Anyways, so

24:19

>> so I can be with you.

24:21

>> But down. Yeah, there you go. Now we're

24:23

like that stuff your corpse and have it

24:25

next to me like I'll just like a like a

24:28

>> I'm doing taxiderermy.

24:29

>> Yeah, [laughter] I'm doing taxiderermy.

24:31

Go ahead. Go ahead.

24:32

>> That moment that literally that quote

24:34

just popped into my mind when Christy

24:36

Gnome or Secretary Gnome got up. Right.

24:40

We generally have these Judeo-Christian

24:42

values and I imagine there are also

24:44

other other religions. I don't mean to

24:45

limit it, but that says when someone

24:48

dies, you don't desecrate them.

24:50

>> And when she got up and was so

24:52

disrespectful of Alex Pratty and then

24:55

also claimed he was a domestic

24:57

terrorist.

24:58

>> Yeah.

24:58

>> And that he was there

25:00

>> and that he was there to massacre he was

25:02

brandishing a weapon and was there to

25:03

massacre federal agents.

25:06

>> I think that was Steven Miller. That was

25:07

a moment where I thought, "Oh my gosh."

25:09

I've never seen I've seen people spin

25:11

[ __ ] I've seen people exaggerate. I've

25:12

seen them lie. But I've never seen the

25:15

administration feel confident that it

25:16

could just look people in the eyes and

25:18

say, you know, ignore your faculties of

25:21

observation and trust, [clears throat]

25:23

just believe what we say cuz we're

25:25

saying it. That for me was that felt

25:29

very weird and chilling and like a

25:31

turning point. And I think if you look

25:32

to Americans's credit, the majority of

25:35

people and a lot more Republicans have

25:37

said, "Okay, this has just gone too

25:38

far." And you know how far it's gone

25:40

when all of a sudden when all of a

25:41

sudden a guy who took $50,000 in a brown

25:43

lunch bag feels like the adult in the

25:45

room that people are relieved that he's

25:47

there.

25:48

>> I know because when he said regain law

25:49

and order, I actually think he's

25:50

probably talking about the cops

25:52

themselves or these these border patrol

25:54

people with the masks. Um, I had a, let

25:56

me just say, I had a very interesting

25:57

discussion with my mom, who of course

25:58

I've turned her to CNN because she

26:00

decided Caitlyn Collins dresses well and

26:02

she likes it and thinks she's adorable.

26:04

>> I think that's a good reason to watch

26:05

these people.

26:06

>> So, uh, one of the things that was

26:08

interesting is she she did not like

26:10

those things, you know, that and one of

26:12

the things that bothered her was the

26:13

meanness. It was, even though my mother

26:15

can be very mean, um, she didn't love

26:18

it. Um, and she one of the things I'll

26:20

tell you, she zeroed on the masks. Why

26:22

are they why are they wearing masks? And

26:24

I said, "No, police don't wear masks."

26:25

>> That was the first time judges that put

26:27

away cartel.

26:29

>> Yeah. She was asking a question, you

26:31

know, and I was like, "Well, because

26:32

they're private police and they want to

26:34

hide." And she's like, "Well, they're

26:36

worried about people knowing who they

26:38

are." I said, "Yes, because of the

26:39

things they're doing." And so, uh, it

26:42

was an interesting conversation.

26:43

>> Think about how ironic it is. We're now

26:45

deploying and coordinating unbelievable

26:48

firepower and assets in Iran or in the

26:51

Gulf claiming that okay, we need to do

26:53

something because the government is

26:55

executing people in the street.

26:57

>> Yeah.

26:57

>> Well, our government is executing people

26:59

in the street.

27:00

>> That's correct.

27:01

>> So that irony granted, it's not on the

27:03

same scale, but that irony is not lost

27:06

on

27:06

>> No. No. Let me point something out.

27:08

They're headed to Ohio to do this with

27:10

Haitians. Let me They're not stopping.

27:12

They raided a an election site, try to

27:15

pretend that the election was stolen in

27:17

Georgia. Very dangerous. [snorts] Um

27:20

they're they're they're going to do this

27:21

thing in Ohio. These people aren't going

27:23

to stop. I just don't I know we're like

27:25

ah finally we've got him. This guy

27:27

finally we never get him. Whoever's

27:29

controlling him and I think he's not

27:31

from what I understand he's doesn't work

27:33

very much during the day. Uh someone

27:35

high up in the Trump administration told

27:37

me he works 5 hours a day. Um, so

27:40

they're another 19 hours is someone

27:42

else. Um, and so I think that that

27:45

they're going to keep going. They're

27:46

going to go they have Steven Miller has

27:48

no shame and they will go to Ohio. Um,

27:50

and and JD Vance has talked about this.

27:53

When I think about this on a metal

27:54

level, I think about the Trump

27:56

administration and MAGA, a key

27:57

philosophy or cornerstone is that they

28:00

believe if we could just turn back the

28:02

clock and go back to ' 50s America where

28:05

white people and males were largely in

28:07

charge of everything that this would be

28:09

a better place. And they're just

28:11

uncomfortable with the browning of

28:12

America. They're uncomfortable with more

28:14

progressive values. They're

28:15

uncomfortable with women's rights. And

28:17

they just want to take us back. And it's

28:19

almost sort of poetic is the wrong word,

28:21

but ironic. Renee Good and Alex Pretty.

28:24

So, okay, what do we have here? I mean,

28:27

it's just so I don't know if you've

28:28

noticed this. We have, and I don't want

28:31

to be reductive, but I'm going to be

28:33

really lovely

28:35

gay parents and a male ICU nurse. It's

28:40

almost as if they said, "How do we find

28:42

what represents the future

28:45

and

28:47

push back on it in the most heinous way

28:48

possible?" I mean, these two people in a

28:52

lot of ways and I's ability to sniff out

28:55

really good people. There was a story

28:56

about Renee Good and her partner

28:59

>> the day before circling the school block

29:01

two or three times cuz their kid

29:03

struggles with social anxiety and waving

29:05

at the kid to make the kid feel more

29:06

comfortable.

29:08

>> The sendoff, the the video you found of

29:11

>> of Alex Prey. I mean, this these were

29:13

these are really good. They're not only

29:15

really good people, but in a weird way,

29:18

I look at them and I think that's the

29:20

future of America, and that's what MAGA

29:22

hates.

29:22

>> Well, they will keep going. And let me

29:24

just say, they they do in particular,

29:26

let's not take the focus, they are they

29:27

have been targeting people of color,

29:29

like the immigrants who are hardworking.

29:31

Uh they're going for the Haitians now.

29:34

Um the people they're trying to weed out

29:37

are are very hardworking.

29:39

>> Well, I think this was accidental or not

29:41

strategic. They didn't say go find a

29:42

white ICU nurse. Yeah. But doesn't it

29:45

find you as is doesn't it strike you as

29:47

just very ironic and almost like out of

29:49

a play kind of? It

29:51

>> it does. The picture that got me the

29:52

most was that that kid I think he his

29:55

his parents were 5-year-old was just

29:58

like his parents are immigrants and

30:01

>> uh that got me the most. I have the hat

30:03

and then them sitting they're just

30:05

they're so um inhuman uh that it's

30:08

really the visuals are quite something.

30:10

Now, there have been visuals before,

30:11

whether it was the attacks during the

30:13

civil rights era, if you remember the

30:16

dogs and the and the hoses on on people

30:19

of color um down in the south or and

30:21

then there was, you know, the the

30:23

Vietnam photo of the girl running.

30:26

>> I was just thinking of that corpse

30:28

moment, the one the one the the child

30:31

dead on the beach. There's a lot of very

30:34

strong. Yeah, there's a lot the this is

30:37

coming at you so hard. That's what I was

30:39

talking about this week is that um but

30:41

speaking of photos and impact, Tim Cook

30:44

is finally speaking out in Minnesota

30:46

calling for deescalation. Thanks, Tim.

30:48

Um it's like as as bland as the quinoa

30:50

you enjoy. Um after facing a backlash

30:53

for attending the White House, Melania

30:54

premiere uh the same day as Alex Prey

30:57

the shooting. Um Cook noted in an

30:59

internal memo that he had a good

31:00

conversation with the president where he

31:01

shared his views. Sam Alman also weighed

31:03

in telling Open AI that ICE had go was

31:05

going too far. I think though he said

31:07

President Trump is a very strong leader

31:09

and I hope he'll rise to the moment and

31:10

unite the country. Both of them had to

31:12

compliment Trump and spent very little

31:14

time talking about the victims. In fact,

31:16

not at all. Um so very uh very I think

31:21

weak sauce responses uh from uh and then

31:24

and Almanaged to get a slap in at

31:26

Zuckerberg at some point in one of his

31:28

statements. um talk a little bit about

31:32

this because it's I'll tell you

31:34

internally at Apple it's crazy. People

31:36

are really furious. I can tell you that.

31:38

Um from talking to lots of Apple

31:41

employees and all levels of this company

31:43

and you know I think of all the

31:45

companies it's really interesting. Apple

31:47

feels the most betrayal if you if you

31:49

look online at least and I know that

31:51

doesn't represent everything but it

31:53

certainly is not a good look for him to

31:54

be standing next to Brett Ratner who has

31:56

his own issues. Um, and uh, and in a

32:00

tuxedo with the white it just the whole

32:03

thing. By the way, no one's ever going

32:04

to see this. Melania, one of the more

32:06

enjoyable things is people showing

32:08

pictures of theaters that sold zero

32:10

tickets. Um, because Amazon, why aren't

32:12

they more mad at Amazon who paid $40

32:15

million, spent $35 million marketing

32:17

this, and there were two there was

32:18

several Amazon executives at the event.

32:21

But what do you think about this? I

32:22

think we love Apple. That's why, right?

32:24

I guess. I don't know.

32:25

>> I think Tim Cook is the new Bob Iger.

32:27

and that is he's going to take an

32:29

incredible career and put a giant, you

32:33

know, [ __ ] stick at the end of it. I

32:37

there is an unfortunate but necessary

32:40

lesson in life around the intersection

32:43

between your participation in time and

32:45

other people. And that is the last five

32:46

minutes are the most important five

32:48

minutes. When you're at a party and

32:50

you're leaving, do your best to be as

32:52

[ __ ] charming as possible and go

32:53

around and say hi. And there's that

32:56

famous study where they're giving dudes

32:58

colonoscopies and one is just 45 minutes

33:00

and the other's 50 minutes but the last

33:02

five minutes they don't move it around

33:03

so it's not as uncomfortable and the men

33:06

who had the device inside of them for 50

33:08

minutes it was much more pleasant

33:10

because all they remember is the last 5

33:11

minutes which was not that unpleasant.

33:13

When you leave an organization when you

33:15

quit or you've been fired you swallow

33:18

everything and you could not be more

33:20

[ __ ] charming because that is how

33:21

they will remember you. Shockingly,

33:23

that's how I lead places. But go ahead.

33:25

You think I How dare you?

33:27

>> Or just on a more serious level, if

33:31

you're getting divorced

33:32

>> Mhm.

33:33

>> do everything you can to be as gracious

33:35

and generous as possible on the way out.

33:38

Even if it means taking some lumps,

33:40

being treated unfairly.

33:42

This this is if you've been married 5,

33:45

10, 40 years, everyone, your partner,

33:49

their parents, your friends, your kids

33:50

will remember who was the bigger person.

33:54

And Tim Cook, unfortunately, he's been

33:58

an amazing CEO. And I also agree

34:01

>> from everyone I know that from everyone

34:03

I know that knows him, including you, I

34:05

don't know them, they say he's a good

34:06

man. But here's the thing. This will be

34:10

this this small period towards the end

34:11

of his tenure where he shows up to the

34:14

White House for a ridiculous premiere

34:16

where he says he can't wait to spend

34:17

time with Melania when he shows up with

34:19

a with a a handwritten disc drive and

34:23

literally just is a sickopant to the

34:25

president and

34:26

>> in the statement adding adding the the

34:28

president.

34:29

>> That's how he's going to be.

34:30

Unfortunately,

34:31

>> you didn't put that in. Not this time.

34:33

That to me I was like, "Oh, come on.

34:35

Leave that out that one sentence. I just

34:38

talk what was what did you call our

34:39

relationship with Apple in that book

34:41

when I met you?

34:42

>> Uh Google is God. You know you pray to

34:44

it ask it for an answer comes back with

34:46

something. Amazon is your gut. Never

34:49

consumption you know more for less. Uh

34:52

Apple is your genitals. When you the

34:55

billion people have iOS are the most

34:56

attractive potential mates in the world.

34:58

It's the most subtle way of saying you

35:01

should have sex with me.

35:02

>> Well, I would I would argue more so. You

35:04

love I love people love Apple like

35:06

>> incredible product.

35:07

>> No, but they have a relationship with

35:09

it. The whole think different they have

35:11

marketed to you in a values way, right?

35:14

Privacy.

35:15

>> He's added more shareholder value than

35:16

any individual in history with the

35:18

exception of Jensen Hong. And

35:19

unfortunately,

35:20

>> but I'm just saying people have that's

35:22

what people are like why why do you

35:23

attack Apple when Meta is I was like

35:25

because we don't like him. We like

35:27

Apple.

35:28

>> Well, this feels like more of a

35:29

betrayal. We thought if there was one

35:31

person who was going to stand up and say

35:33

uh I have been a huge beneficiary of

35:35

rule of law and the progress of rights

35:38

in America and Apple's been an enormous

35:40

beneficiary of competition and rule of

35:43

law and what's going on here is directly

35:45

contrary to everything that's given me

35:46

incredible opportunities and created $4

35:49

trillion in shareholder value. We are

35:50

not down with this. But instead, he's

35:52

like, well, I'd love to hang out with

35:53

Melania. Just make sure that we're

35:54

exempt from those those China those

35:56

pesky China tariffs

35:57

>> and deescalate the word. This this

35:59

statement was such weak sauce. It was

36:01

deescalate. Like I also thought and as

36:03

Stephanie Rule actually correctly

36:05

pointed out, it was bland. And the one

36:07

from the Minneapolis Commerce was like,

36:09

let's de let's all get along. I'm like

36:12

there's there is a side here and it's

36:14

not with the police at this moment or

36:16

not the police. The police are doing

36:18

great in Minneapolis. It's the um it's

36:20

these thugs from from and they have

36:24

given Tim Cook and the rest of tech a

36:27

very easy way to say how dare you talk

36:30

about people like that which you were

36:31

just talking about Christine Gnome. They

36:33

have gone to a ghoulish place and one

36:36

person who did speak out let me just say

36:38

Venode Kosla went distel Keith Ra boy

36:43

was saying about the shooting who

36:45

because Keith was wrong as always. Um,

36:47

and he also got into a beef with Elon

36:49

Musk, very public about racism, which

36:52

was I I'm not surprised Venode is like

36:54

that. But like it didn't cost Venode

36:57

anything to do that. And Venote and I

36:58

don't agree on lots of stuff, right?

37:00

Sometimes he says, I'm like, are you

37:02

kidding me? But like he was a person,

37:05

right? He and this these statements by

37:07

Cook and uh and Sam Alman and the rest

37:10

of them, they're not you're not people.

37:12

Stop acting like you're not people. And

37:14

that's like having to throw in President

37:16

Trump as a very strong leader or I had a

37:18

discussion with President Trump.

37:21

How rich do you have to be that you

37:23

point of having all this money?

37:24

>> What is the point of being this powerful

37:26

and having to to be such a just a weak

37:31

person and a weak moral person that to

37:34

me I just don't understand. People keep

37:36

people ask me like what job is safe from

37:38

AI and I say I personally think if I

37:40

were to bet on one job that's only going

37:42

to increase in importance. It's things

37:44

around communication, strategic

37:46

communications, investor relations, PR.

37:48

And the two biggest communications

37:50

mistakes of the last probably quarter

37:52

happened in the last week. On a

37:54

corporate level, whoever the [ __ ] didn't

37:56

literally bodyb block Tim Cook from not

37:59

only going to that dinner, but but

38:02

getting a picture with Brett Ratner. And

38:04

I'm not I'm not going to make a judgment

38:06

on Brett Ratner's past,

38:08

>> but please don't read about it.

38:10

>> But that's just not a that's just not a

38:12

good look to be at the Melania premiere

38:14

taking I mean it's like the any PR

38:17

person who has any intelligence in Apple

38:19

thought, okay, I'm about to get fired

38:21

and I deserve to be fired. And then the

38:23

second biggest communications mistake, a

38:25

rookie move was for the administration

38:27

to create a talking point that, oh, you

38:30

show up with a gun, you're looking for

38:31

trouble at a protest. And also the NRA

38:34

came out and said, "Look," and there's

38:36

some data here.

38:38

>> If you have the training that uh Alex

38:40

Prey had and you have a license to carry

38:43

and conceal and you've never committed

38:45

so much as a misdemeanor, you're seven

38:48

to 10 times less likely to commit a

38:50

crime. There is something to the notion

38:52

of safe, well-trained, registered, you

38:55

know, carry laws. And

39:01

the protest is looking to get denying

39:04

people's right to

39:07

oh

39:08

>> he first amendment and now you decide in

39:11

one fell swoop to talk about violating

39:12

the second amendment claiming that

39:14

people that have guns are looking for

39:16

trouble and more deserving. The entire

39:18

second amendment is meant to prevent

39:21

this. we need to arm as a citizenry in

39:24

case tyranny takes over from the

39:26

government.

39:27

>> But that's not what he was even doing.

39:28

He wasn't even brandishing the word

39:30

brandish. He was brand that I think

39:32

gnome said that he was brandishing a

39:34

gun. He didn't brandish anything. He

39:35

never touched his gun. Brandish

39:38

Christie.

39:39

>> But that was just such a huge error on

39:42

their part cuz quite frankly when the

39:43

NRA weighs in and says this is [ __ ]

39:46

it becomes a very bipartisan issue.

39:48

>> Well, in any case, Tim Cook, bad show.

39:51

Bad show all around. I think you should

39:53

do an interview with Cara Swisser and

39:54

then see if you can make it through

39:55

that. Anyway, uh let's go on a quick

39:58

break. When we come back, Big Tech goes

40:00

to court over addictive products.

40:03

>> Support for the show comes from Wix.

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41:03

Scott, we're back with more news. This

41:05

is a really interesting big tech trial

41:07

taking place that we haven't really paid

41:08

attention to. kicked off in LA this week

41:10

where a plaintiff is suing Meta, Tik

41:12

Tok, Snap, and YouTube claiming personal

41:14

injury through addictive products. This

41:16

claims uh features like infinite

41:18

scrolling and algorithm recommendations

41:20

lead to compulsive use resulting in

41:21

problems like depression and anxiety. Um

41:24

executives including Mark Zuckerberg are

41:26

expected to testify with nine cases

41:28

likely to be heard. Tik Tok and Snap

41:30

settled with the with the first plaint.

41:33

It's kind of a little bit of a big

41:34

tobacco moment. I and I know these

41:36

trials you never know where they're

41:37

going to go, but really people are have

41:40

not been paying attention to this trial

41:42

and it's in an area you and I talk about

41:44

a lot and there's plenty of plenty of

41:47

texts back and forth about obsession and

41:49

addiction and and there's a lot of

41:52

discovery here um that should be really

41:54

interest of these executives talking

41:56

about what they're doing very similar to

41:58

big tobacco. Yeah, we know when they

42:00

smoke it they love it. Like we know

42:02

they're addicted, that kind of stuff.

42:03

And so I think it should be a really re

42:05

I mean we know they know this and

42:08

someone like Tristan Harris has been

42:10

talking about it for years. I've been

42:11

talking about it. You've been talking

42:12

about it. Um you know and now it's got

42:15

to the dangers of suicide with young

42:16

people too. So any thoughts?

42:18

>> We're going to look back on this era and

42:21

decide that letting a 16-year-old on

42:22

Snap or on Instagram or on TikTok is

42:25

probably more harmful than if we'd let

42:27

16-year-olds smoke cigarettes or drink

42:29

alcohol. 6% of teens um qualify as being

42:33

addicted to drugs or alcohol. 24%

42:36

qualify as addicts to social media. And

42:38

the heaviest users are twice as likely

42:41

to have suicidal intent. They're also

42:44

the group in the highest usage are more

42:46

likely to express poor body image more

42:49

than the lowest use group. The bottom

42:51

line this is

42:53

to say this is like kids smoking is

42:56

unfair to tobacco when I I I mean this

43:00

is going to sound I said this and I got

43:02

a ton of [ __ ] for it a few years ago and

43:03

it was the first time I was featured on

43:04

late night TV. Not in a good way. Let's

43:07

do it again. Let's say it again.

43:08

>> Well, I said I'd rather give my

43:10

16-year-old a bottle of Jack and some

43:12

weed than

43:14

a Tik Tok.

43:16

>> Oh, no. I agree with you, but go ahead.

43:17

and and they played that and said that

43:19

was so ridiculous when I I didn't I hung

43:21

out with a Mormon kid all through in a

43:23

in a and a a great athlete in high

43:26

school and neither of them drank. I

43:27

actually think I could have benefited

43:29

from easing into alcohol anyways. this

43:32

social media that I've said this that

43:35

the the thing we're going to regret most

43:36

we're going to look back and think how

43:37

did we let this happen to our kids and

43:39

and even outside of hardcore addiction

43:43

I'm not exaggerating 60%

43:46

maybe 70% of the family anxiety

43:50

my family registers

43:52

arguments between me and the kids

43:54

arguments between the kids and their

43:55

mother arguments between me and their

43:57

mother revolve around the [ __ ] ing phone

44:02

and social media.

44:03

>> I feel you. I feel you, Scott.

44:05

>> And when we leave our kid alone and we

44:07

go on vacation and we're checking

44:10

custodio and he calls us and he's not at

44:12

school and we find out he was on social

44:15

media all night and and people say,

44:18

"Well, that's bad parenting. You're in

44:19

control." Yeah. That means you don't

44:21

have kids.

44:22

>> Exactly.

44:23

>> It's not a collective movement. If you

44:25

take your kid off a snap, he is then

44:28

further depressed because he's

44:30

ostracized because this is how these

44:31

kids communicate with each other.

44:34

>> It needs to be a collective action.

44:36

There should be no synthetic

44:37

relationship.

44:38

>> Collective actions. Can Can I add I have

44:40

to say one of the greatest moments my

44:42

parenting is when my son without

44:44

unbeknownst to me used Amazon to order a

44:46

box to put his phone in. Alex did it um

44:49

and lock it away to do his homework cuz

44:51

it was distracting him. You know what I

44:53

mean? like he this when he was in high

44:55

school I was really proud of him like he

44:57

understood the issue easily and one of

45:00

the things that's really hard um is

45:03

including for adults I was at one work

45:06

meeting and I made everyone put the

45:07

phone in the middle of the table it was

45:09

very uncomfortable

45:10

>> I'm addicted let me be clear I was like

45:12

put them in the middle don't touch them

45:13

don't touch them like oh I have to my

45:15

kid I'm like it'll be fine nobody's

45:17

nobody's going to get in an emergency

45:19

and if it is I'm sorry in advance but it

45:22

probably isn't

45:23

Um, it's really hard. And I think what's

45:24

going to be interesting here, we have to

45:26

move on from this, but let's pay we're

45:27

going to pay attention to this trial

45:28

because it's really important. But we're

45:30

going to read out some of the texts and

45:32

emails that these people know exactly

45:35

what they're doing and they they they

45:37

relish it. They relish the hold they

45:40

have on people. They relish the hold

45:42

they have on teens and they are very

45:44

aware just like big tobacco of what

45:47

they're up to here and no matter what

45:49

they say in public. And so that will be

45:52

stuff. We'll be doing dramatic readings

45:53

of that. All right, Scott, let's go to

45:56

on a quick break. When we come back,

45:57

we'll talk big tech earnings.

46:00

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47:11

Scott, we're back with more news. The

47:12

S&P 500 crossed the 7,000 mark for the

47:15

first time ever on Wednesday ahead of

47:16

major tech earnings. Tech, of course,

47:18

fueled it. Let's walk quickly through

47:20

the results. Meta posted a strong

47:22

quarter uh with fourth quarter sales up

47:23

24% year-over-year. That's really

47:25

impressive. His AI spending spree

47:27

continues with a projected capex of up

47:29

to 135 billion in 2026. Probably a lot

47:32

of that will be dedicated hopefully to

47:34

advertising for them because that's

47:35

where they'll get the most bang for

47:37

their buck. [snorts] Uh Microsoft also

47:39

shows no sign of pulling back on AI,

47:40

spending $ 37.5 billion on capex in the

47:43

latest quarter. Uh 66% increase from

47:46

last year. The picture was less rosy for

47:48

Tesla, which reported uh a 61% drop in

47:51

net income for the quarter, down 46% for

47:53

the year. The stock is still soaring

47:55

inexplicably. Tesla is also scrapping

47:57

the Model S and X cars using the factory

48:00

space to build robots. He's going all in

48:01

on robots. I one thing I say about him,

48:04

he's when he goes for it, he goes for

48:05

it. and I've heard is some of his

48:06

robotic stuff is very impressive, but

48:08

nonetheless, he's betting the farm on

48:10

it. Again, it's investing about $2

48:11

billion in XAI. The combination of

48:14

robotics and XI and X, excuse me, um AI

48:17

to me is really important. I've talked

48:19

about this before. Um also, there's

48:21

layoffs at Amazon and related to AI and

48:24

Pinterest, very large layoffs. Uh

48:27

they're all sort of using AI to to to

48:30

cut labor costs. Um what jumps out at

48:33

you the most? Well, I think AI is going

48:35

to add a lot of shareholder value, but

48:36

not where we think it's going to add the

48:38

most value. I think the AI native

48:39

companies are overvalued right now. I

48:41

think the invi Nvidia, the open AI, the

48:45

anthropics of the world are probably

48:47

overvalued. Where I do think you'll see

48:49

an increase in shareholder value is the

48:51

application of it, specifically

48:52

autonomous. I think Whimo is going to be

48:54

a trillion dollar company on its own. um

48:57

targeting of ads and and making the

49:01

consumer experience better and creating

49:03

a better advertising stack. I gotta be

49:05

honest, I think I think um I think

49:07

Instagram and threads get better every

49:10

day. I think they're fantastic. I think

49:12

the consumer experience and also

49:14

>> so does Gemini on Google, by the way.

49:16

I've done a little poking around around

49:18

how an advert I just don't see why I I I

49:21

can't imagine what it's like to be

49:22

selling ads for MSNBC right now when the

49:25

person the person from Meta or Google

49:28

show up and show and show you what they

49:29

can do. Oh, you're targeting kids who

49:32

just got their driver's licenses in

49:34

Montlair, New Jersey. No problem. We can

49:36

reach them one at a time at scale

49:38

>> with perfect ads that are help

49:40

>> at the right moment. it ends up people

49:42

want to buy life insurance uh and you

49:45

know at 700 p.m. right after I mean they

49:47

just anyways um uh so Meta's earnings

49:52

incredible revenue up 24% yearonear

49:56

>> it's a big company

49:57

>> and not only that their employee base

49:58

wasn't up 24% I don't have the number

50:00

but I think it was barely up

50:03

>> and then

50:04

>> Microsoft

50:05

>> um

50:07

the one that was down six or 7% they

50:09

were up 7% the one that was down was

50:11

Microsoft because uh Azure didn't let up

50:13

its cloud company didn't um uh it had

50:17

growth of 39% which still topped analyst

50:20

expectations but unfortunately the new

50:22

expectations is that you blow away

50:24

expectations

50:26

um u but still Azure cloud computing the

50:30

demand is so great that Microsoft's

50:32

backlog of commercial bookings were up

50:34

110% to 625 billion there's some

50:37

concerns about over reliance on open AI

50:40

where as a whopping 45% of this backlog

50:43

is attributed to their core of a

50:45

trillion dollar agreement they made in

50:46

October. And also its gross margins

50:49

because of the increase in capex is the

50:51

lowest it's been in 3 years coming in

50:53

around 68% which spooks some people.

50:56

Tesla I can't even I can't even begin to

50:59

understand what the [ __ ] is going on

51:01

there. I think this this stock should be

51:02

down 90%. It's become a meme stock. It's

51:05

that's all I have heard I I suspect he's

51:08

just decided cars aren't the way to do

51:10

it and that he has some advantages in

51:12

robotics and several people have who

51:14

have called me recently and said

51:16

actually he's doing a lot of really

51:17

innovative stuff around robotics. It's

51:19

just he's bedding the farm on that

51:21

everyone wants to have an Optimus robot

51:23

in their house, I guess. But who knows?

51:26

>> But it's a I'm sorry. Go ahead, T.

51:28

>> He's done it before. Like that's the

51:29

only thing I would say, but he hasn't

51:31

shown. The other thing he's done before

51:32

is say we're going to land on Mars.

51:34

We're going to He makes promises he

51:36

never his mouth makes promises he can't

51:38

keep in in reality. So the question is

51:42

like getting rid the Model S and X cars

51:45

were made by Rivian and Lucid and and

51:47

and the Chinese, right? He's gotten out

51:50

of this business. He's not in the car

51:51

business anymore, it seems like. And so

51:54

the question is, can this robotics

51:56

business meet the challenge? We'll see.

51:58

>> Well, to be fair, they did beat

52:00

expectations, but let's talk about what

52:02

those expectations were.

52:04

>> The revenues are down of all the

52:06

companies we talk about. No one no one

52:08

is down. my you know what Met is up 23%.

52:11

Um and then overall a horrific quarter

52:15

their operating margins and that is the

52:18

amount of money you get to hold on to

52:20

was 7.2%

52:22

in last year in the same quarter this

52:24

year was down to 46%. That's like a

52:26

that's a meltdown. Their free cash flow

52:28

decreased 30%. Their gap net income

52:32

decreased 61%. They realized

52:35

>> they got a half a billion dollars in

52:36

automotive regulatory credits that are

52:38

going to be running out thanks to the

52:39

big beautiful bill.

52:41

>> People still believe in him. They're

52:42

giving him money for X. I think he's

52:43

going to merge it into XA. Like I keep

52:45

saying,

52:46

>> he's now using Tesla as kind of

52:47

nutrition for XAI. They disclosed that

52:50

Tesla invested 2 billion in Musk's

52:52

company XAI.

52:54

So this is, you know, and he's needs a

52:57

new vision, a new distraction, and as

52:58

you said, he's gone all in on Optimus,

53:00

which I think is going to compete with

53:03

the Cybert truck and the Segway and the

53:05

Palm is the biggest flops in history. Or

53:07

maybe the mixed reality headset.

53:09

>> Yeah.

53:09

>> The other thing that struck me was the

53:11

layoffs in Amazon.

53:12

>> Yeah.

53:12

>> And that is they by the way

53:14

>> 16. Yeah. But it's for different

53:16

reasons. Pinterest is doing it because

53:17

Pinterest is [ __ ] in subscale. I like

53:20

Pinterest. I like the people there. It's

53:21

subscale. it's going to have a very

53:23

difficult time. Um, Amazon laid off

53:26

16,000 people in their corporate

53:27

workforce, which doesn't sound like a

53:28

lot because they employ 1.6 million

53:30

people, but the majority of those people

53:31

are in their factories. This is probably

53:33

close to 10% of their corporate staff.

53:36

And this really is I've said for a long

53:38

time that AI is corporate ompic. All

53:42

these guys are going, you know, I mean,

53:44

Amazon has said they're going to double

53:47

their topline retail revenue in the next

53:50

five to seven years without a single

53:53

increase in the number of headcount.

53:56

That's AI. And then also I think the

53:58

place and Amazon's my big tech stock

54:00

pick for 26

54:02

the the collision and you've referenced

54:04

this of AI industrialized robots of

54:06

which Amazon has a million

54:08

industrialized robots and the total

54:10

number of industrial robots in America

54:12

outside of Amazon is 400,000.

54:15

So they have gone just as Musk is going

54:19

allin on robots no [ __ ] sense.

54:22

Amazon, Jaffy and Bezos are going all in

54:25

on AI driven industrialized robots.

54:28

>> They were there before. They bought a

54:29

company called KA many years ago. But

54:31

just so you know, recent Amazon layoffs

54:33

plus October layoffs is 10% of the

54:35

company. It's it's a pre they had one.

54:37

>> Oh, is it? Thank you. Yeah.

54:38

>> But UPS cut 30,000 jobs. I mean, these

54:42

guys

54:43

>> are

54:43

>> industrial robotics. That's AI. I

54:46

interviewed David Solomon from Goldman

54:47

Sachs on Prog and he said uh I mean I

54:51

they're planning to grow their revenue

54:53

substantially in the next two or three

54:54

years. Goldman's in a great spot right

54:55

now. Great leadership. They're doing

54:57

well. Uh but he admitted employment will

55:00

begin to flatten. You know, no CEO is

55:04

going to come out and say I'm going to

55:05

reduce 10 or 20% of my workforce, right?

55:07

No, they can't say that because then

55:09

everyone the best people start leaving.

55:11

But what he did say is it's going to

55:12

flatten. So what we're looking at here,

55:15

>> black is the new up,

55:17

>> right? But what this takes their

55:19

earnings and absolutely makes them go

55:22

crazy. And then when these companies do

55:24

well, everyone, you know, the S&P does

55:26

well because the S&P is now kind of the

55:28

SM, you know, the it's not the S&P 500,

55:30

it's the S&P 10. Anyways, these

55:32

companies on the whole continue to just

55:34

be extraordinary. And that is until this

55:38

movement called resist and unsubscribe

55:40

came along. Testicles meet Foot. One

55:42

more quick break. This is absolutely

55:44

true. O corporate ompic, take it away.

55:47

All right, Scott. One more quick break.

55:48

We'll be back for predictions.

55:51

>> Support for the show comes from Frontier

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56:52

Okay, Scott. Uh, you want to go first or

56:54

shall I? No, you're gonna go. You're

56:56

gonna I'm gonna I'm gonna I'm going to

56:58

make one quick prediction, okay? If you

56:59

don't mind. The Super Bowl is just a few

57:01

weeks away. Um, and go uh Seahawks. Um,

57:04

but I've already uh have a prediction

57:06

for the best ad. Lady Gaga, did you see

57:08

that? Singing Mr. Rogers Beautiful Day

57:11

in Your Neighborhood in an ad for Red

57:13

Fin and Rocket Mortgage. I don't really

57:14

care about the ad, but they they

57:16

released a teaser clip and she sounds

57:18

amazing.

57:19

>> She's got an incredible voice.

57:20

>> Oh, it's going to be the best ad. I'm

57:22

going to We'll talk about the ads later

57:23

cuz that's

57:24

>> That was not the prediction I was

57:25

expecting.

57:25

>> Okay.

57:26

>> It's very similar to mine in that is

57:27

we're about to uh engage in military

57:29

strikes against Iran. So, very similar

57:32

predictions.

57:32

>> Yeah. Okay. Lady Gaga. Okay.

57:35

>> It's just so strange that the Epstein

57:36

files are now a distraction for me. It's

57:38

like the behavior keeps getting more and

57:39

more depraved that we have to

57:40

>> say they're the safest thing in America

57:42

is are the Epstein files, but go ahead.

57:44

>> No, I I I've made this prediction before

57:46

and I'm just making it again. It feels

57:48

like I follow this I love this guy the

57:50

Gioar on Tik Tok and there's I mean I'm

57:54

f I'm sold I'm just fascinated with

57:56

military equipment and it just it

57:58

appears that all our assets are being

58:00

coordinated in the Gulf for a pretty

58:02

obvious reason and I don't know if Trump

58:03

is doing it for the right or the wrong

58:05

reasons maybe as a distraction but I

58:07

think he absolutely loves the Tarzan

58:09

flex of of leveraging the best

58:12

organization in history and that's the

58:13

military and it appears to me that they

58:15

are absolutely even the planes that

58:17

deploying to the area are like giant gas

58:19

stations in the sky.

58:21

>> Um I think Israel's on board because I

58:23

think they think it would be good for

58:24

their brand. So I think you're going to

58:25

see a coordinated some sort of

58:26

coordinated strike in Iran in the next 7

58:29

to 14 days. And that's

58:30

>> I think you're going to see a

58:30

coordinated strike against Ohio or

58:33

wherever they're going to attack the

58:34

Haitians who are not eating the cats and

58:37

dogs. That's where I think you're going

58:38

to see the next strike.

58:40

>> Do you think so? You you don't think

58:41

they're going to pull back at all?

58:42

>> No.

58:43

>> Yeah, you're probably right.

58:45

>> Anyway, we want to hear from you. Send

58:46

us your questions about business, tech,

58:48

or whatever's on your mind. Go to

58:49

nymag.com/pivot to submit a question for

58:51

the show or call 85551 [music]

58:53

pivot. Okay, that's the show. Thanks for

58:55

listening to Pivot. Be sure to like and

58:56

subscribe to our YouTube channel. We'll

58:58

be back next week. Cara,

59:00

>> have a great weekend.

Interactive Summary

This episode of Pivot discusses various topics including the delayed release of the Epstein files, listener responses to an economic strike, and strategies for making an impact through personal finance and consumer choices. Financial educator Vivian Tu offers tips on managing taxes and spending to support causes like human rights. The conversation then shifts to the effectiveness of economic boycotts, with Scott Galloway introducing a website called "Resist and Unsubscribe" that lists big tech companies and companies directly working with ICE, encouraging people to scale back their consumerism. The hosts also touch upon the longevity space, discussing advancements in AI for cancer research, GLP-1s, mRNA vaccines, and various health and lifestyle choices. A significant portion of the discussion is dedicated to political events, including the actions of the Trump administration, criticisms of Homeland Security Secretary Kirstjen Nielsen, and the impact of these events on society. The episode also covers a lawsuit against social media companies for addictive products and analyzes recent big tech earnings, particularly focusing on AI investments and their implications. Finally, the hosts make predictions about geopolitical events and the Super Bowl ads, and encourage listener engagement through questions and feedback.

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