The victimization that he has is so

massive, you know, that he's always

being victimized. Someone's always

him. That's his whole world

view.

Hi everyone, this is Pivot from New York

Magazine and the Vox Media Podcast

Network. I'm Cara Swisser.

>> And I'm Scott Galloway.

>> Scott, you're missing the blizzard. It's

outside. I should pull it back.

>> Is it a bomb cyclone?

>> It's something else. Can you see that or

not? I see a city being snowed on by an

old lady. Um

leisure

>> today. It's nuts. It's It is really

quite a blizzard. It's a blizzard. It's

what's happening here. So, just so you

know, as we tape, over 40 million people

in the US are under a blizzard warning,

by the way, and snow dropping 3 in an

hour in some locations. It really is

still going on here in New York. Um and

it's crazy. It's it's it's there's a lot

of snow happening. We all thought the

snow was over. Maybe I'll go take a a

walk in New York and co walk in the

Central Park and contemplate my life.

>> Do what I would do. Go to Shea Margo and

get up and establish eye contact

with a nice young Russian lady.

>> I'm getting an award tonight in

Brooklyn. I've got to go out there.

>> Of course you are.

>> I am. I'm getting the governor's award.

>> I'm getting an award tonight in

Brooklyn. That is the most Cara Swisser

thing ever said.

>> I'm getting an award in Brooklyn.

>> Yes, I have to go there. Yeah, it's for

the ambies.

>> What do you Okay. All right. Fine. I'll

play along. There's a podcast. What are

you getting an award for?

>> For being old from the governor's award.

>> The Oscars is a podcast. I thought that

was the vibes. What? What are those?

What is it called? The web those. No,

that's the Oh, the

>> the signal awards.

>> No, I don't know. Whatever. They're

trying to make

the mic. That's called That's what

podcast.

>> This is not the BAFTAs or the Oscars.

This is the podcast version. I'm getting

the great contributions to podcasting

award.

>> Really?

>> I guess here's something crazy going on.

Mexican security forces killed the

leader of the Halisco New Generation

Cartel and eight other cartel members in

a Mexican military operation aided by US

intelligence support and then they went

crazy these these cartels and they're

like they're in Porto Viarda like

Captain Stubing that's how I know Porto

Viarda from from Loveboat and they're

like bombing the whole place and all

these Americans have been either

diverted from going there or cannot

leave there not just Americans but lots

of people and they're like attacking

neighborhoods and this footage is really

something. All these burnt cars and it's

really something. I don't know what you

think about it.

>> I don't it the the issue is it's not I

mean it's violence but it feels like

it's more structural governance and an

economic issue that's been evolving for

nearly two decades and that is these

cartels are so inextricably integrated

into the economy and even the

government.

>> That's a really good point. And it it

it's not a traditional drug war in the

old sense. It's sort of fragmentation

and power vacuums. Right? After the

break up of more powerful consolidated

cartels, dozens of regional groups now

compete for territory

and trafficking routes and increasingly

diversified revenue streams. like things

like fuel theft, extortion,

uh human smuggling, elite I mean all

kinds of supposedly they've interrupted

the avocado supply chain and

often times the violence is about local

market control because Mexico is a big

economy rather than exports.

>> I guess that this is the reaction like

to to just show what they can do to

upset economics, right? I guess that's

what they're doing like with these. the

I mean the thing that does so much

damage to this

>> hands down my favorite place to travel

in the world and I'm very fortunate I

get to go to a lot of every year I go

with a group of guys to Tulum I love

Cabo I think San Miguel dea I just think

Mexico I also think it's the best

bargain in the world it's six-star

service and food and culture and vistas

for fourstar prices where in eur whereas

in Europe you get a lot of five star

service for six-star prices. The I

absolutely love the food, the culture,

the people. And what happens is

Americans immediately are like, "Oh, no.

I'm not going to travel there." And the

reality is most of this violence is coni

confined to what I'll call Mexican on

Mexican violence,

but it makes you think, should I?

>> These photos of tourists from, you know,

they're all in their hotels near beaches

and they're just showing enormous

amounts of fires. I guess there there

was one guy who was in his hotel room

and this guy these these two cartel

members are on motorcycles set fire to

like a version of a 7-Eleven there like

just in front of him and it was really

it's really interesting to experience it

this way like sort of online like hey I

was down here having a margarita and oh

yeah the drug cartels just bombed a car

in my

>> this does this does sort of signal a

shift because for the last for in recent

years Mexico's federal ederal strategy

and some people call it appeasement has

been more about containment over

confrontation. This is confrontation and

also we don't we don't want to have an

honest conversation. The US plays a role

here. There's a dimension here and that

is a lot of our firearms flow south. You

know what drives a lot of the profits

here is is US drug demand and fentanyl

production and trafficking have reshaped

the the supply chain and the economics

of the trade. lower input costs, much

higher potency, smaller shipping

volumes. So the the synthetic the power

or economic potency of synthetics have

changed the incentive structure. You

don't need large cocoa fields or massive

kind of drug smuggling convoys. You need

kind of like chemical precursors and in

distribution networks and enforcement

muscle. But this is, you know, Yeah. But

I'm let me be clear. I'm still going to

Mexico. I love Mexico.

Anyway, it's a black eye for Claudia

Shine Bomb, I have to say. Even if the

US helped her and stuff like that.

Anyway, we'll we'll move on.

>> Well, is it a black eye or does she show

some some some muscle here like

>> by by doing something about I don't

know. I don't know. We're going to keep

watching it and I hope people there are

safe. How is Resistant Unsubscribe

going? Some of you have been writing in

asking, let's check in on that for

alternatives to big tech that they're

unsubscribing from. I'm going to help

you out here. Uh, Scott, we asked David

Pierce, editor at large of The Verge and

co-host of The Vergecast, to give us

some recommendations. Everyone's going

to help you, Scott. Let's listen to what

David has to say.

>> If I was trying to get rid of big tech

apps in my life, my top three or four

recommendations would definitely start

with Proton. Proton is this company

started by a bunch of CERN scientists in

Switzerland that is very privacy

focused. And over the years, they've

actually built a series of apps that are

basically as good as everything you get

from Google. They have a drive, they

have an email, they have calendar, they

have all this stuff. The next one is

probably Signal, which is the messaging

app I think everyone should switch to.

There are things that are good about

WhatsApp even though it's owned by Meta,

but Signal is is a is an organization

run by the right kind of people who

believe in the right kind of things. And

then the third one is slightly more a

field, but I would say anyone who wants

to do smart home stuff in their life

right now should use Home Assistant. You

can use Alexa, you can use HomeKit, you

can use Google, but Home Assistant is

this very specific, hackable, open

system that you control much more

completely than you control any of those

other systems. Everything from the stuff

on your doorbell that's looking out at

the world and seeing people come up to

your door to like the baby monitors

inside of your house. Who runs that

stuff matters.

>> That was great. That was great. Those

are all three terrific recommendations.

So, what's going on, Scott?

>> Well, first off, it bears repeating. You

have been the biggest supporter of this

and I very much appreciate it. Um,

>> no problem.

>> But as we wind down February, so the two

objectives were what I call signal and

incentives. wanted to send a signal to

the American public that they have this

weapon hiding in plain sight and that

their economic decisions can have an

impact. I think we've I I think we've

hit that

on all levels. We've gotten just a ton

of media exposure, a ton of unsubscribes

people. I do think there's a large

percentage of the populace who now

realizes that economic strength is is

strength. The second objective was

incentives and that is to reconfigure

the incentives among big tech executives

to think twice before they enable or

facilitate. I'm not sure we've

accomplished that quite frankly. I my

friends have said it's a conversation on

product management teams but it's not a

board level conversation yet.

>> So the question is as we wind down

February what do we do? And I was

>> I was contacted by um uh the Dutch

historian Ruter Bregman who's been

instrumental in this.

>> Yeah. I'm a huge fan by the way. He's

only 37.

>> He's a lovely guy.

>> Yeah. And super smart. and he reached

out and said,

>> "FYI, for people who don't know, he

confronted the issue of billionaires at

Davos and got a lot of

>> He called him a bunch of tax avoiders."

He basically said, "None of you want to

talk about the real issue on the table,

which was tax avoidance." He's unafraid.

I love the guy. And anyways, I I love

authors and academics who are just sort

of unafraid.

>> And he contacted me and said, "You've

got the brand, the visibility, and the

momentum. We have this group of really

talented young people and some traction

in something called Quit GPT." and his

view is you need to consolidate and

focus on one and try and bring them

down. And so we're trying to figure out

um and I'm going to speak to you about

it and some other people, but I've had a

bunch of organizations,

a bunch of Congress people, elected

representatives all say, how do we

continue this and how do we make it more

effective? and it's gotten I did an I

did an analysis for us to get the number

of visitors unique visitors to our site

if we paid for it and we haven't paid a

dime would cost us somewhere between5

and $9 million.

It just shows the power of social media

um in terms of the platforms we've built

and the content stream we have uh and

how powerful podcasts are driving. But I

need to in the next several days figure

out what we do in March. Is it focusing?

Is it different media outlets? What is

it that that helps maintain this

momentum? Is it consolidating? There are

three or four similar movements around

the world. Do we all consolidate? I was

on a call with recorded ed and I was

like, if the British, the Russians, and

the Americans can come together to

defeat Germany, maybe we should figure

out a way to all consolidate and come

together. But the the two points are

distill down to a smaller number of

targets if you will and also do what you

said devel uh um structure some

full-time resources.

>> Yeah, I think so. So that that that that

you can they just tell you what to do,

right? Essentially there's there's a lot

of people who do that. One of the things

that's you know someone who I'm really

impressed with that maybe well she's a

Democratic uh she wrote a great book

about young people organizing Amanda

Litman who runs Run for Something and

it's to I had her on the podcast. She's

incredibly um you know strategic in

terms of figuring out what people need

to do, especially young people. It seems

like this is something you need to get

people who are actually a little more

you know that that really can focus

energetically. I don't mean

professionally like because there's a

lot of professional organizers that

don't really get stuff done. I think

you've really caught lightning in a

bottle here and you've got to keep doing

it. Anyway, we were we're still working

on an event uh Scott and I are and so

we're going to do that hopefully. Um and

uh and we'll see where it goes from

there. Um but let's uh let's move on to

the stuff we have to cover today. Uh

Donald Trump is increasing his global

tariff uh to 15% from 10% effective

immediately just days after the Supreme

Court struck down most of his global

tariffs. In a 6 to3 decision, the court

ruled that Trump exceeded his authority

when he invoked the Emergency Powers

Act. Trump called the decision

ridiculous and anti-American. He also

insulted the justices personally quite a

bit. Um that was, you know, it was worse

than that. He's just being a giant

baby. His latest workaround uses

a 1974 trade law that allows him to

impose temporary terrorists for 150

days. He just posted on True Social a

little while ago about the court

empowering him to use the terrorists in

a more powerful and obnoxious way. He's

just, you know, he's just the the the

court, let me be clear, was very clear

about what he was doing was illegal

essentially and that the Congress and

and and uh Gorsuch, the judge Gorsuch

had a really eviscerating take on how

Congress has sort of abregated its

responsibility. Uh they also are

questioning one of the other justices

also questioned whether the re who was

against it questions if the if the

refunds could happen. Um Scott Bessant

sort of is trying to hedge that bet

because they've got to give billions in

in many many billions in um I think 175

billion something like that in returns

to US businesses etc. Um what did you

think about this and the reaction? Um I

I I'll just let me let me actually read

through this stuff. We can discuss the

whole thing. The repercussions of this

tariff position. The EU just hit pause

on its US trade deal until it gets more

clarity on what Trump is doing.

Thousands of companies around the world

have already filed lawsuits challenging

the tariffs even before the Supreme

Court's ruling. So there's all a market

in that. Estimates suggest the

government could owe again more than 175

billion in refunds. The Supreme Court is

leaving the refund question in lower

courts. This is just Kavanagh who warned

the process. It's going to be a mess.

And it is. Let's let's listen to

Secretary Bessant uh what he said about

these payoffs. He spoke to Fox News

after the decision. This could take

months. This could take years to to

litigate and to get to the payouts. And

if there is a payout, it looks like it's

just going to be the ultimate corporate

welfare.

>> Oh, please, Scott. You took the money

from them. Give it back. Um, so talk

about what the next move is for

everybody and and and the reaction that

Trump had, which was was was very I

honestly thought it was dangerous given

the political uh heat right now,

especially for the Supreme Court

justices.

Well,

it's weird. Everyone says he's a loser.

There's no doubt it's a check on his

authority and, you know, a rejection or

a gag reflex. The the primary purpose or

power of Congress is the power of the

purse. They're the ones that are

supposed to I mean what you've had on a

metal level and Barry Goldwater back in

the 70s warned of this there's been a

slow abregation of power to the

executive branch and a lot of the power

was checked by norms not by laws and

then someone showed up and said the

norms I'm declaring wars and tariffs on

my own. And one of the reasons you've

seen such uh so many Republican Congress

people decide to retire is they're like

it's one thing to be in the minority and

know that you've been defenistrated or

neutered. It's another thing to be in

the majority and the speaker of the

house is not the speaker of the house.

He's the speaker of the white house.

He's there just to run rough shot over

us and pretend he represents Congress.

He doesn't. He represents the president.

And Republicans are like, "Wait, I

thought we were in charge and had some

say here and we don't." And these

tariffs would not have gone through.

there are enough Republicans against the

tariffs. You know, they're supposed to

be the free marketers. So, this is a

victory for uh co-equal branches of

government in Congress controlling the

purse. I think it's a huge victory for

the Supreme Court who was looking

increasingly like Trump's um you know,

trolls or not trolls, Trump's acolytes,

right? This does look like the

independence of the court. Six to three

is pretty resounding. In a weird way, I

thought this gave Trump an offramp from

what was clearly a failed economic

policy that I thought the economy and

the stock market would actually probably

um go up. What was interesting is the

the reaction was muted. The market was

slightly up, but now it's looking like

he's going to use another provision 122

which only lasts 150 days. But it's more

inconsistency. And we've said this for a

long time. More than more than the

tariffs themselves, the most damaging

thing to American trade policy is

inconsistency. Nobody no small business

knows how to plan their business against

what will be tariffs or not tariffs.

What I've been tracking, I was working

with a hedge fund trying to find tariff

claims. So if you're Mercedes-Benz of

the United States and you paid 20

million tariffs, you could at one point

potentially buy those claims for 10

cents on the dollar. Now, those have

accelerated to 20 to 40 cents on the

dollar, but the reason they're not

trading at 60 or 80 cents on the dollar

is the administration and complexity of

potentially getting the money back. I

think that's a red herring. I just don't

>> I think if if they collected this money

easily, I don't see why they can't

reimburse it easily. It was all done

digitally. So, I don't I don't buy that

argument. But, it's more indecision.

It's more sclerotic decision-m where

people can't plan their business again.

And what you see is just a continued

reconfiguration of the global supply

chain around the US where we have

massively

benefited over you know someone brought

up the notion the very simple notion

actually I think it was Justin Wers that

said we have a trade deficit in the form

of dollars but we have a trade surplus

in the form of stuff. So the example is

I have a trade deficit with my barber

but my barber makes me look just

dreamy for very little money. So it's a

good trade and US trade policy while we

give more paper money to them we get so

much because of the strength of the

dollar is an economic imbeile like he's

just he's seeing things like he learned

economics in fourth grade and that's

where he's stuck right

>> but if you if you if you if you export

$100 with Nvidia chips to Germany in

exchange for $100 of a Mercedes G Wagon

they operate at 10 points operating

margin and get seven times you IBIT

does. So they get $70.

We operate uh Nvidia operates at like 60

points operating margin and trades at

40. We get $2,400.

I mean, if there's any asymmetry here of

who is who has disproportionately

benefited from global trade, it's been

the US. We've been the big winner.

>> So this is stuck in Trump's brain

forever because he's just not honestly

he's not that smart, right? like I know

just in a in a very basic way he has

this has had in this brain and then he

has these facilitators and by the way

Scott Besset knows better of course he

knows exactly what you know and he's I

don't know what his game is I mean it's

he's talk about tarnishing a reputation

that he had that was pretty decent um

but one of the one of the things that's

problematic is that he's operating sort

of economics for dummies or something

like something because he sticks in his

brain that this is the way things go and

I I I think most people don't think

about it in in in a complex way. I think

the two things that I think about again

were these that the Supreme Court did

him a favor here, right? That got him he

got to try out his stupid ideas.

>> He seems to be doubling down.

>> He's doubling down in a really demented

way and the personal stuff that he was

attacking them with. And you know,

apparently

>> families should be ashamed.

>> Families and Barrett, Coney Barrett and

Gorsuch, I think. um just really strange

just really really strange and they were

all they were saying was pointing out

the obvious which was this is something

Congress should do it's something

Congress is job is to do and he just

doesn't feel any restraints on himself

and that's what it is and it's like old

man combined with someone who's already

an egoomaniac and a narcissist combined

with more old man combined with he gets

to do what he wants this term and the

victimization that he has is so massive

you know that he's always being

victimized. Someone's always

him. That's his whole world view that

it's just we're being governed by a guy

who just again didn't is a victim.

Thinks he's a victim. Anyway, uh we'll

see where does it go from here very

briefly.

>> Well, on Cowsi, they're saying it's a

76% chance the court orders a tariff

refund before 2027. So, it does feel

like he's running out of options. This

section 122 has a maximum 150 days. The

Supreme Court does seem pretty resolute

on this 63. I don't think he's going to

lot get a lot of support from even

Republicans who are Congress like, "Oh,

wait. We have meaning again. You mean we

get to actually have input? You actually

have to bring this to us." And and if if

he thinks these tariffs have merit and

they're good for the economy, then take

it to Congress and work out a deal with

them. That's that's what they're there

for.

>> He can't get it passed because he can't

get it passed the way he wants

>> because he can't justify it

intellectually or economically. Right.

Well,

>> this is the the amount of money the

prosperity we have recognized from

global trade. Now, granted

he his some of his instincts are

correct. We had an asymmetric

relationship. We were getting taken

advantage of in my view in terms of our

relationship with China. They you know

they they steal our IP and then sell us

stuff at 60 cents on the dollar. We are

not good at looking after people who are

on the wrong end of global trade. Right.

>> But he's never doing that. He just tells

them he's here for them. But then he

doesn't actually do anything for them.

>> And then if you want to look at the

manufacturing sector that was supposed

to be rejuvenated, that has not

happened. What has happened

>> is that the tourist industry which

employs 12 million people versus the

manufacturing industry which employs 11

million is taking a real hit cuz

Canadians are thinking, "No, I'm not

going to Disneyland or Las Vegas this

year." Did you see that story about that

British woman who was put into ice for 6

weeks for, you know,

>> checking your people have to turn over

their phone and they're being asked for

their password? It's like, that.

I'll go to I'll go to Capri or I'll go

to Buenosar, you know, I'll do something

else. I would think this is a I would

think every tourism board in the world

is like come here. We'll take your

money.

>> Okay, Scott, let's go on a quick break.

When we come back, get ready for Trump's

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>> Scott, we're back. As we record, we're

one day away from Trump's State of the

Union speech. This will appear on the

day of it. He's walking in with a 60%

disapproval rating. According to a new

Washington Post ABC Ipsos poll, House

Minority Leader Hakee Jeff is urging

Democrats either attend in silent

defiance or skip the speech. And a

growing number of Democrats plan to

attend a counter rally on the National

Mall called the people's state of the

union. And uh Virginia Governor Abigail

Spanber is delivering the official

Democratic response. It's a good choice.

Um what do you think of this?

>> I I don't think he quite frank I I'm

wondering if that's if and when we bomb

Iran. I don't

>> I don't think he has a lot to I I don't

know.

>> Apparently

it apparently he's going to talk about

how manufacturing is coming back to the

US like tomorrow. He's sort of like an

Elon promise.

>> I think the screenshots here are going

to be really hilarious. The audience

reaction even I think there's even going

to be some Republicans who are kind of

like, "Oh yeah, I clap." Uh yeah, that's

not

>> Yeah,

>> that's not that's not working here. I I

think it's going to be very interesting,

but I feel as if he's, you know, they're

like, "Okay, how do we turn chicken

into chicken salad here?"

>> Yeah. They're going to to Vance

apparently gave an interview where he's

talking about how we're going to

suddenly have factories everywhere. Like

it's all made up. Literally, it feels

like, you know, there was a really

interesting meme online, Elon promising

autonomy for like 10 years, like

tomorrow, next week. They're going to

try to say everything's great with the

economy, which to me, when Biden did

that, was so uneffective when people

know that's not the case. I think this

these these numbers are just astonishing

that he keeps doubling down, right, on

these 60% disapproval is so high. I

don't think you I think it was this

number right after the January 6th

attack on the capital. I mean, I think

that's where we are right now. And um

it'll be interesting. I think there's a

high chance of crazy like that he does

something nuts.

>> Just goes unchained.

>> Unchained like he says something kooky

or he loses his words. I wouldn't get up

there if I were him. You know, of course

he's going to have pancake makeup caked

on his hand. By the way, whoever is

doing that, I can tell you there are

Hollywood people that can make that hand

look better. I keep looking at it. I'm

like, what is his like secretary doing

it or, you know, with a bunch of like

like cheap makeup? It's really weird. I

feel like they could do a better job.

>> It's the same person that came up with

the tariff strategy.

>> Right. Exactly. It's Peter Navaro

slabbering, you know, Mac.

>> Hold your hand out.

>> It's not even

>> My niece works My niece works at

Sephora. This is how you do it.

>> But seriously, I think it is a good

chance of crazy. good can't like a high

chance of crazy like something. Yeah, I

wouldn't do it if I were him. I'd find

some dumb excuse not to do it. But he he

he's now a heat seeeking me missile.

>> Have you noticed how much he's been like

appearing like he keeps appearing

everywhere? I don't know. I just feel

like it's bad. And speaking of which, I

think it's we'll see what happens. But

the at the very least if he doesn't say

something crazy, poop his pants or or

lose his words and it'll be fine, I

guess. and doesn't just lie too much.

Um, I don't know. What should the

Democrats do? Just show up and say

nothing, stare angrily?

>> I think you just I think you just sit

there and kind of look like, "Okay,

>> are you kidding me?

>> This dude has lost his shit." I I don't

know what they should do. I don't think

they

uh

you know, uh, acquaint yourself like the

elected leaders you are and just uh

polite, you not go. The Supreme Court

has to go the all of them, right? Don't

you think? Don't you think all of them

have to go?

>> Yeah. As do our elected representatives.

I I just hate the idea of whoever's

president, half the house doesn't show

up. I I don't know.

>> I think there's a certain decorum. It's

the State of the Union. Show up. You

don't have to smile. You don't have to

applaud. But yeah, I think you show up.

And of course,

>> they're aliens. Maybe that's what he's

going to do. I don't know. Something.

He's going to have to have any jazz

hands and he shouldn't use his hands too

much. Let's just say

>> I'm just praying that the teleprompter

goes down and he goes full apeshit

crazy. I hope that it's

>> I hope it's too gin and tonics for drunk

uncle.

>> No, but he doesn't drink. Remember, he

doesn't drink. Remember his brother died

of alcoholism.

>> But other than that, Cara, how is his

brother doing?

>> What?

>> Dead. All right. Um

>> that's like, do you ever run into a

friend and you ask how their dad is and

you didn't know? Like, oh, my dad passed

a year ago. Oh, but wait, other than

that, how's it going?

>> That's always my response.

>> You never do that.

>> I totally do that. What are you supposed

to say? People, what I find is people

don't go, oh, I'm sorry. All right. It's

like, well, dude, he died a year ago.

I'm fine. I think you make a joke out of

it.

>> Still okay. All right. Well, my mom's

still living. Just remember that. So,

all right.

>> Lucky.

>> Lucky. She's good. I got her a lazy boy.

>> I got her.

>> Still good.

>> That's the greatest innovation in

Hollywood. It's not AI. It's lazy boys

in theater.

>> It stands up now. It's so good. I took

her to lunch. I I lifted her right out

of that chair. Stuck her in. Anyway, she

loves her lazy boy. She loves her.

>> Yeah.

>> I'm just saying I'm getting you one.

They're very nice now. Anyway, um

>> I want one with wheels where I can just

fly down the avenue.

>> No, we're going to keep you in a room

and that's going to be the end of it.

So, this is one I've been really excited

to talk to you about. President Trump

has called on Netflix to fire board

member Susan Rice or quote the

consequences after Rice said Democrats

would push for corporate accountability.

The DOJ is investigating Netflix

proposed takeover of Warner Brothers and

whether the deal may quote substantially

lessen competition. and Paramount saying

there's quote no statutory impediment to

closing its deal for Warner Brothers

after clearing a US antitrust waiting

period. This is not true. Uh regulators

could still stop to sue it. Of course,

there's the EU and other uh other ways.

This is not This was a press release.

Meanwhile, a group of Democratic

senators is threatening to investigate

Paramount, seeking information on the

company's contacts with the Trump

administration. as we tape the seven-day

window for Warner Brothers to talk with

Paramount is nearing an end at 11:59 PM

on Monday. So, talk about this this

Trump thing. I mean, Susan Rice, like

what I mean, maybe it'll have an

implication. I don't know. It's just

weird. You can't make like he had tried

to get Lisa Monaco from stopping working

at Microsoft. Microsoft just ignored him

essentially and she's still working

there. Um, do you think it's important?

What do what do what do you think here?

Yeah, it's it's incredibly socialist.

Capital markets function on the

assumption that boards are accountable

to shareholders, that regulatory

authority is exercised through formal

channels, and that political powers and

uses leverage and private corporate

disputes.

And you know, when those lines erode,

you introduce political risk and into

ordinary governance decisions.

Capitalism is supposed to be regulated

competition. and you a guy who just has

a history of bankrupting casinos and

leaving a stream of unpaid

subcontractors

uh you know who got rich through a grift

monetizing the White House is not the

person to be telling companies it's just

it's totally anathema to the way America

has built its economy

you know when political actors treat

corporate boards as cultural back uh

battlegrounds you shift you shift from

kind of rules-based capitalism to

personalitydriven capitalism. Investors

investors can price regulation, but they

struggle to price discretionary

political targeting. So, does this mean

every time the administration changes,

we invest in companies that are have

Democratic board members versus

Republican

>> board members? And practically, if

presidents start leaning on boards, it

invites Congress, regulators, and state

officials to do the same. And that's not

market discipline.

That's

>> we won't give you this unless you get

rid of this person. I mean, so far

>> again, it didn't work with Lisa Monaco

at Microsoft. They just basically

ignored the request.

>> And I think so I was with some Netflix

people. I went to the BAFTA awards last

night and I was

>> you went to BAFTA. Hello. Where are the

lead? What did you wear?

>> Oh, I I I did know BAFTA was a big deal

and I showed up just with a blazer and

then Ted Sandos came up to me in a tux.

I'm like, "Oh god, I up."

>> Yeah. Okay.

>> Um,

>> yeah, he was there.

>> Yeah. Uh, but everyone, yeah, it was

really, really fancy. I didn't a friend

of mine took me to dinner and said, "Do

you want to go to the BAFA Awards?" I

said, "Yeah."

>> Wow.

>> And anyways, but

they will I I have no inside information

here, but I know what smart class act

management is. I am sure if they haven't

already, they'll put out a statement of

support for Susan Rice. And this is

this has become so obviously he's now

supporting um Paramount, but I talked to

some Netflix. I think that at this point

these so much testosterone has gotten

involved in this. If you had asked

either the Ellison's or Ted Sando 6

months ago, are you willing you ever pay

$82 billion for Warner? They'd say, no

way. It's not worth that in any

world. But because Zazlav, to his

credit, is not a great operator, but

he's an outstanding investment banker,

he has played them off each other and

convinced both of them to overpay. If

the Ellison's end up getting this, and

Netflix doesn't, my prediction is that

Netflix stock is up 10 to 20%. Because

with $80 billion, Netflix can create

just a ton of content, new

verticals, new markets, new subscription

plans. They'll be able to at this point

I think it would almost be better for

them if they lost and they just sue the

out of Paramount and the government

and basically create keep Hollywood in a

state of flux because

>> this non non

>> and they're the winner. They they'll

keep on humming. I mean that company's

firing on all 12,000 cylinders with

>> content production all over the world

and just you know they're sort of the

default, right? You have to even in the

resist and unsubscribe people would say

I'm going down to one streaming media

platform and if you go down to one who

do you choose

>> absolutely

>> you choose Netflix right it's

>> Netflix yeah

>> everyone else is heated seats and car

stereoss they're they're the engine in

the car itself they're the chassis so to

speak

>> or Disney right because it's

>> you have young kids and you don't watch

TV maybe well I guess

>> I watch a lot of TV you're wrong you're

wrong I watch it at night

>> but but yeah it it's

What you're going to see here, I think,

is that even if the Ellison's get it, if

Netflix could block the closing of the

acquisition until the next

administration, they might be able to

overturn it because

>> that's right.

>> The whole point of capitalism is it's

pretty basic in in M&A. Whoever shows up

with more money gets approved by

shareholders and then it has to survive

regulatory review. The president has no

role in any of that. That's not as what

he that's not what he's there for. He's

the whole point of government is we let

our thoroughbreds run. We have

antitrust. We have regulatory concerns.

We have cifhious security concerns. But

you're supposed guess what the American

corporation is the second best

performing organizations in history only

behind the US military. We create these

these out of control full body contact

violence, not a ton of regulation, low

regulation rules, regulated competition

produces unprecedented profits,

prosperity, and innovation. And all of a

sudden, you have a a failed rich kid

deciding who should own what.

>> Yeah. Exactly. So, one of the things

that I has is really struck me. Look,

Netflix will be fine without this. I

think they really want it now. You know

what I mean? I think they are

>> ego's involved now.

Not just ego, but it's actually could be

good for them, too. Right. This gives

>> I don't agree. I think with that money,

they could build a bigger business on

their own

>> possibly. Right. You're right. You're

absolutely right. So, they'll be fine.

Whatever. And in slowing everything

down, they've created a slowdown for

everybody, which is always good for them

because they're faster, right? They were

lapping Hollywood for years. That I sat

there, I was like, why are you letting

Netflix lap you all for years and years

and years? So, they have that ability to

do that. And they've always stayed

fresh. They're a very fresh company even

as old as they are comparatively, right?

So, they're still they remain fresh and

relevant. Um, and people are learning

how to do what they do, but it's taken

forever for Hollywood to do so. And one

of the things that just gets me is one,

the efforts of Paramount are one, to run

a shitty business and show that you

cannot do content, whether it's over at

CBS News or Losing Taylor Sheridan.

>> Oh, come on. Landmen.

>> The world before the world before HR. I

love Landmen.

>> Okay. I know you do.

>> A bunch of men drilling where they're

not supposed to drill. People die and

then they pay him off and everything's

better.

>> How could you How could you ruin 60

Minutes? What a bunch of idiots.

I'm sorry. Like, how could you how could

you get Anderson Cooper to walk out?

He's such a polite young man. Like, it's

just like you're a bunch of dummies. I'm

sorry. I really I like some of you, but

seriously, this is rid It comes from the

top. I'm sorry. And getting daddy to pay

for it is really depressing on so many

levels. Like, so sad. It's like sad rich

kid. And they and they're going to Let

me just tell you, guess who's coming for

you. You think the Democrats won't do

anything? You are wrong, Paramount. They

are coming at you. If they win these

elections, I don't It's going to be a

long time before you get your hands on

CNN. It's going to be a long time before

you get your hands on any of this. And

then let's stop at European regulators.

Like, and by the way, now people in

Hollywood don't all love Netflix. That

is 100% clear. But now suddenly a lot of

Hollywood people like Mark Ruffalo very

liberal is is pushing back against James

Cameron who's cuz he loves theaters

whatever. Um there's now like a a

growing like hey leave Netflix alone

like which is incredible because they're

so like bossy to most of Hollywood. So

Paramount, you have managed to shoe

yourself in every foot possible, every

toe in the way you've conducted this and

just throw the money at it as you should

have done in the first place and just

take daddy's money and and buy it, but

you're still not going to get it easily,

especially because you're stressing all

this closeness with the Trump

administration. It's not going to end

well for you in three or four months.

That's my thought. In the first Star

Wars, uh, Jedi Obi-Wan Kenobi is on the

Millennium Falcon and he feels a

disturbance in the Force and he has to

sit down and he goes, "It's as if

millions of people just screamed and

then nothing." And he's referring to the

Death Star which builds a capability to

destroy planets and Darth Vader orders

the destruction of Aldderon.

You are going to see if the Ellison's

get if the Ellison's close, if Paramount

closes on Warner Brothers, you are going

to hear a scream from the creative

community of which they're not even

aware of.

>> Mhm.

>> Agreed.

>> You have a melting ice cube in Paramount

and then you'll get this the scale.

They'll overpay. At this point, they're

both overpaying. Whoever gets it is

overpaying. And then father Ellison is

gonna go, "Okay, the only way we can get

anything resembling a return is to

reduce cost by 40%." The fact that SAG

After the Writers Guild are not hair on

fire about AI, you want to see AI come

to an industry and destroy the labor. Oh

my god. Because Ted Sand, whatever you

think about Netflix, they like

Hollywood.

>> They still hire makeup artists. They

still they still do things kind of I

don't want to call it,

>> you know, the old way. I I think with

CBS they're like, "All right, we have to

make some bold take some risk because

this thing is just going away slowly."

>> Dink way. I get it. They I have a list

of that.

>> It's hard to defend the execution to

date. They had to take some risks here.

I wouldn't have taken a lot of risk with

60 minutes. Yes. Now, I would have

waited until this deal was over and

maybe hired a competent person, but

that's a different story. Anyway, um

let's go on a quick break and we come

back. Investors want protection from AI.

>> Support for the show comes from

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for anything.

Scott, we're back. This is really

interesting because you've talked about

the the problems that companies not AI

are having, but Wall Street is taking

interest in a new category called Halo

companies. Heavy assets, low

obsolescence. Business is seen as

largely immune to disruption from AI.

Really interesting. S&P 500 sectors for

industrials, materials, utilities, and

consumer staples have marched ahead in

the last month. Companies like

McDonald's and Exon Mobile are taking a

win as investors try to take cover from

potential AI disruption. Now, you've

said a lot of these companies have

suffered because AI has taken most of

the gains in the stock market. Talk

about this. This was a story in the Wall

Street Journal, but it's something we've

discussed before. It was the other 400

companies, not the first the top seven

or whatever.

>> There's been a rotation out of AI

companies into what are traditionally

thought of as defense stocks like

Proctor and Gamble or Caterpillar, but

they have been run up. And so what

you've had is you've had this weird

phenomena where there's been a pretty

serious like multi-trillion dollar

destruction in the private and public

market valuations of the companies most

tightly associated with AI whether it's

Nvidia or Microsoft or you know they

have all gotten hit pretty hard. What's

also interesting though and then there's

been a rotation into quote unquote the

defensive guys that are considered AI

immune. Goldman Sachs put together an AI

immune index. the opportunity in all of

this and where I'm actually thinking of

investing is that while AI stocks have

come down, you know, the there's still a

massive fear that they're going to

destroy entire sectors. And the sectors

that are ground zero for this fear right

now are traditional SAS companies,

Salesforce, Service Now, um Adobe. The

view is since this new innovation from

um clude I'm sorry from claude that

those businesses that someone will just

automatically put in a prompt and all of

a sudden overnight no longer need

Salesforce for their CRM for for their

salespeople and that overnight

Salesforce is going to go away. I mean

Salesforce and Adobe and Service Now

these companies are off somewhere

between 40 and 70%. These companies and

by the way there's absolutely no

evidence whatsoever. voted last week.

Yeah.

>> So, these companies are growing at

double digits. Meanwhile, some of these

old economy companies that are growing

at single digits are trading at much

higher multiples. So, I would argue that

one of the biggest opportunities in the

market right now is the traditional SAS

companies as a multiple on their free

cash flow. They

>> This is beyond these Halo companies,

beyond the McDonald's.

>> No, I think the Halo guys quite frankly

are overpriced right now.

>> Oh, interesting. They're low growth

companies trading at exceptional pees.

Meanwhile, I mean, keep in mind if you

think so at all my companies, we've had

Salesforce.

I don't care if some kid if some kid

came to me and said, "Okay, we can kind

of replicate Salesforce with a

thoughtful prompt into anthropic." I'd

be like, "Okay, we're going to have to

retrain everybody on a new UI."

these companies get so they have client

service, they have events, they have

they have worked out millions of bugs

over a couple years. I get invited to

Dreamforce if I spend enough money. The

thought that all of a sudden people are

just going to strip out Adobe or Figma

or Service Now is just these companies

are so deeply embedded. You can call it

technical debt, you can call it

switching costs, whatever it is. In

addition, if if AI can actually take the

coding down to something meaningless,

then what will happen, I think, is that

these SAS companies will reduce their

cost by 10 or 20%. Which gives you their

actual coding and technical costs are

only 10 or 20% of their revenue. The

other 80% is marketing, branding, client

service, design, events is so that shows

you where the value is. They'll do the

same thing and then pass on those

savings. So you might see some mild

margin compression, but I think the

flight into quote unquote defensive

stocks. I think that trade has been

overdone.

And I think there's one of the biggest I

haven't been able to find value

anywhere. I've been selling, not buying

for the first time in a long time. I

look at these SAS companies. There is

absolutely no evidence anywhere that a

large corporation is giving up Adobe or

Salesforce and putting in new prompts

into AI. So I think that threat has been

massively

over overdone. Also I think the rotation

into these more traditional low growth

companies quite frankly I think those

guys are really overvalued right now.

These are low growth companies trading

at a tech growth multiples.

>> Yeah I would agree. I think you're

absolutely right. I think that's a

really interesting take on that. The it

is interesting that people are looking

beyond AI right like where are the

opportunities and I think I think your

argument is excellent. So, what are you

buying?

>> Oh, I'm going to put together probably a

basket of Figma, Adobe, Salesforce,

maybe Service Now, but I look at those

companies and unless there's a collapse

in their business model, do you know how

hard it is to get rid of I remember, you

know, these companies are so deeply

embedded. I remember we were paying

$25,000 a year for my terminal for

Bloomberg and we thought, okay, let's go

to Thompson Reuters. It's cheaper.

Bloomberg is so tightly integrated into

your life if you're managing a hedge

fund. Even messaging the way we message

people in the hedge fund over time,

Scott things do get replaced over time,

right?

>> I think what's going to happen here is

margin compression

>> a box if you remember a lot of this

>> but they'll I think they'll cut costs. I

mean I still think I mean for example

Salesforce I actually think is really

brilliant branding. They have built some

of the tallest buildings in every one of

their markets in the world. There

there's probably if they needed to quite

a bit of cost they could cut and pass on

to their consumers. These are smart

people. What they might say is if they

see a threat they might say oh

Salesforce is now6x per seat versus X

per seat. These are smart well-run

management teams. Uh and by the way no

evidence whatsoever that any of this is

impacting any of those companies.

>> Yes. That is the bigger point. All

right. Scott's going different than

Halo. He's going, "What are we going to

call them? S not dead software."

>> I would say abandoned. Abandoned. It's

like that little monkey who was who was

rejected by his his family and found a

plushy. It's the plushy strategy.

>> I knew you watched that.

>> I can't stop watching that little

monkey.

>> I know.

>> I can't stop watching.

>> Did you see the one

>> his mom rejected him and they gave him a

plushy?

>> I know. But did you see the one where

they it was speaking of AI use where the

monkey attacks all the other monkey the

monkey with the plushy attacks all the

other monkeys

>> starts doing kung fu on them.

>> Yeah. Starts doing kung fu on them like

he's like he's had enough. He's going to

punch. Anyway,

>> I just thought that I saw that and

granted I think I was on an edible and

I'm like that's my purpose in life is to

be other people's plushy.

>> Plushy.

>> That's my purpose.

>> You are my plushy. Anyway,

>> I meant I'm here to go somewhere weird

really quickly. So, I'm going to move

on. One more quick break. We'll be back

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All right. Wins and fails. I shall go

first cuz I have declared myself first.

So when the Olympics just ended, they

were quite good. US women and women in

general dominated. America's female

Olympians won six gold medals and 17

medals overall. American men won four

gold medals and 12 medals over her. It's

not a competition, but they did really

well. Um, and in any case, one of the

things I was really struck by was not an

American, but someone who is American,

Eileen Goo, uh, who won the gold medal

in the women's free uh, free skipipe

event for China. She's been been

meddling for China and just won a couple

of silvers. She's been really plagued by

stupid questions largely from male um,

reporters. But she got asked a question

uh when asked by a woman, "What do you

think about your words before you

speak?" It actually was a very

complimentary question saying, "You're

so well spoken. How do you do it?" And

so, let let's listen to her answer,

which I thought was so superb. She's

gorgeous. She's a model. She's a skier.

She's an athlete, etc. Let's let's

listen. I think overall, I'm just a

pensive person. Like, I'm a very

introspective I'm an introspective young

woman. Like, I spend a lot of time in my

head. Um, and it's not a bad place to

be. I I journal a lot. I break down all

of my thought processes. I think I apply

a very analytical lens to my own

thinking and I kind of modify it because

it's so interesting. You can control

what you think. Like you can control how

you think and therefore you can control

who you are. And especially as a young

person, like I'm 22, so with

neuroplasticity on my side, I can

literally become exactly who I want to

be. How cool is that? Like how

empowering is that, right? I think she

was quite lively in a way that I really

enjoyed listening to her uh you know

push back against people very a lot of

these athletes whether they were some of

the skaters uh the women skaters were

astonishing and they're they're their

own people. I really enjoyed this for

that for all these uh these athletes

especially the women showing off. They

don't have to be adorable little dolls.

They were just their own people. I

really like that. My fail is related.

It's when Trump called the US men's

hockey team in the locker room after

their victory where Cash Patel was

making a idiot himself chugging

beers and acting like he was 21 when

he's old and spending taxpayer money.

But let's not get into that imbecile.

But anyways, Trump then tried to said

hold my beer to Cash Patel and he

invited them to the State of the Union

and the White House. But let's listen to

how he said it.

>> We'll do the White House the next day.

We'll just have some fun. We have medals

for you guys. And we have to I must tell

you, we're gonna have to bring the

women's team. You do know that.

>> I do believe I probably would be

impeached. Okay.

>> It's so great to have a really old man

make a stupid old man joke and that is

fine. He is what he is. And it was just

gross to insult the women who had just

won the gold medal. Um instead the guys

laughed and I get it. I get it. I get

it. You're in a locker room, you just

won, you're all excited, and you have

the president calling you, but you don't

have to laugh at his jerky joke. And it

it it doesn't shed good light on you to

do this and to cut down the women's team

just because UN because of this imbecile

old man said this thing. I think it's

time is over for for talking about women

like their battle axes or they're such a

pain to be here and oh the ladies. It's

tiresome in the extreme. Um I'm not

someone who doesn't like a good joke. I

put up with Scots all the time, but this

is just not funny. And it isn't funny to

the women's team. Now, a day later,

after Trump did invite the US uh women's

hockey team, it turns out they simply

can't make it. Sorry, Donald Trump.

We're getting our hair washed or washing

our hair, I don't know, whatever stupid

excuse. They don't want to they don't

want to hang with you. A spokesman for

the team said, "We are sincerely

grateful for the invitation extended to

our gold medalinning US women's hockey

team." and added that they would not be

able to attend, quote, due to the timing

and previously scheduled academic and

professional commitments. I love them.

And I'm going to just relate very

quickly. When my son Louie was on a

men's soccer lacrosse team, there was a

there was an audio of something where

they it really insulted the girls in the

class really badly. Like really like it

was a dumb, stupid, sexually charged um

song they played. I don't remember it

exactly, but they got a video of it, of

course, because everything's videotaped.

And it was gross what they were doing.

They're assaulting their classmates like

in a really sexist way. And Louie wasn't

singing the song. I he was in the video.

He wasn't singing the song. But I

remember um you know, when I saw it, I

was so disappointed in him because he

didn't say anything, right? He didn't

like and I know he couldn't he was in

the locker room. And so we had a great

talk at the time and I remember spending

a lot of time talking to both my boys

about their role in pro, like you say,

protecting women. Not just protecting,

but don't laugh at stupid like

that. Like you don't have to go along

just to get along. And it was really it

reminded me of that moment when when

Louise said to me at the time, you know,

I didn't do anything. And I said, you

didn't do anything. That's exactly my

problem with you at this moment. And I

get it. I get what it's like being a

boy. I get the pressures of it, but

honestly, US men's soccer hockey team,

you know,

just be better. Let's just say, let's

say be what I would say to you is if I

was your parent, I'd slap you back to

last Sunday. Anyway, that's my Go ahead.

Congratulations, by the way, US men's

hockey team and the women's hockey team.

>> The I I thought the highlight of the

Winter Olympics was um Megan Keller, who

scored the overtime. I grew up going to

hockey games. It was the only one of the

few ways my father and I bonded. We used

to go to LA Kings games and watch Marcel

Deion and Whitey Whiting and Roie Vashan

and uh so I know something about hockey

and I used to go to Maple Leafs games

with my father. The the overtime goal

from Megan Keller hands down for me was

the the ultimate demonstration of

athleticism,

grace under pressure. And keep in mind,

you know, these women are really doing

it for the love of the sport. They

don't, their league does not pay a lot.

>> Can I point out Alyssa Lou and the three

others, the three other women from the

US were all supportive of each other.

Like they weren't like had each other

level of camaraderie.

Amazing.

>> I do not fault the men for laughing.

They're in a locker room. They're

talking to the president and most of

them are like 23 year olds from

Wisconsin. They don't

>> Not that there's anything wrong, but I

don't fault them. I fault the president

for not setting a good example for young

men,

>> right?

>> You know, that's just not And but the

the women

>> did you see the final of the the women's

hockey?

>> Yeah, it was amazing.

>> The goal she pulled off

>> was so ext I I kept watching it over and

I spent 20 minutes watching it 40 times.

Anyways,

>> uh Megan,

>> they don't get they don't get to star in

heated rivalry, etc. They It really is.

They they they're an astonished

rivalry with women's hockey.

>> That's already happening.

>> You got one viewer.

>> I'm sorry. That's already happening. But

we'll go into it in great. Go ahead.

Yours win and fail.

>> Well, it's one thing and that is

okay. So,

we let our thoroughbreds US corporations

run. And we have structural systemic

laws that tell them, okay, you can't

pour mercury into the river. And if an

industry becomes so consolidated, it

starts extracting unfair rents from

labor, consumers, the government moves

in. Other than that, one of the reasons

for our economic growth is we heir on a

lack of regulation or government

intervention. When the president starts

weighing in and saying the most

ridiculous about a board member he

called her racist, oh yeah, Susan Rice,

like famous racist.

>> So that's not even my fail though. that

we we've expected that kind of weak and

weird socialist/communist/autocratic

behavior that hurts our economy. What I

can't stand is that Democrats

do not lack all creativity around how

we're going to strike back. And let me

just give you one idea because I love

the idea of economic activism. And that

is all right. A a kind of beltway

on-ramp into greater wealth is the

following. You serve in Congress or in

the cabinet and you go on because you're

an impressive person with strong

connections and an understanding of the

world. You go on to serve on corporate

boards and make some money. I bet Susan

Rice has made millions of dollars on the

board of Netflix. And by the way, I

think it's great. She worked her ass

off. I don't mind. There should be a

cooling off period going to work for

lobbyists. But I have been on boards

with former the New York Times. We had

Bill Canard, the former head of the FCC,

went on to be the American ambassador to

the EU. I was on a board with uh Rick

Snder who went on to be the governor of

Michigan. I think it's great that they

serve on boards. They're talented,

thoughtful people. They deserve to make

money. I have no problem with it. But if

the president starts with

Democrats on boards,

leader Jeff and uh Senator Schumer, why

the are you not back? And

this is the following. For example, Mike

Pompeo, former head of the CIA and

Secretary of State, he is on a board,

and I did this in about 10 minutes of

research. He did he is on a board uh

called Von which is a single class share

company and when I used to do activism I

had to spend 150,000 to 250,000 to file

a 13D and nominate directors and get

lawyers involved. I have now written up

uh uh uh the filings for nominating

governors at this single class share

company and I did it in about 7 minutes

using AI. I'm gonna buy one share in

this company and I'm gonna start

targeting Republicans on boards and not

renominating them and then maybe go

after another board member and anyone in

Congress who's a Republican who decides

they too would like to make some money

on boards. Well, why aren't Schumer and

Jeffrey saying, "We're going to we're

going to be back in power, folks. And if

you want to go serve on boards as Susan

Rice did, we're gonna start with

you.

>> Now look, Scott, the thing is what he's

doing is totally wrong. So you should do

the wrong thing in order to meet him.

Like that is a hard decision.

>> You you fire a gun at me, I am pulling

out my gun and I am shooting you in the

face.

>> All right, I'm good.

>> This is about incentives. And this this

notion that Democrats that we're higher

and mightier and that we'll restore the

con that. that. You wanna You

want to deny the Constitution and and

engage in depraved criminal behavior

against us? Well, fine, folks. If you

think we're going to restore just go

back to being the nice guys who are

gentile and restore the norms, no. That

is the wrong incentives. There needs to

be a loud and clear message to the

Republicans who are grabbing this their

ankles as America gets here. Be

clear. You want an autocracy? Fine. and

we'll show you an autocracy when we're

back in charge.

>> Sorry for sorry for the lecture.

>> Okay. I think they're not going to be

invited at the next Democratic getaway.

I There's other ways to fight back that

are just as devastating to them that you

don't have to do what they did. There's

lots someone called me from one of these

companies and it's like, "Oh, I don't

think the Democrats are going to hurt

us." I said, "Oh, they're going to hurt

you. You're just not the same way.

>> They're not afraid. They think we're

going to go back to strongly worded

letters."

>> No, they're not going to. I think

there's going to be action. I do. I just

don't think we have to do it the way

Trump is doing, which is essentially

acting like Putin. Anyway, we have we

have to we have to uh move on. But just

for people who don't know, Trump's

favorite judge, speaking of fails,

Eileen Cannon just blocked the public

release of special counsel Jackson's

report on the classified documents case

against Trump trying her best to get

into the Supreme Court. Eileen or Ailen,

whatever your name is, you suck

and you're going to be overturned on

appeal. Um anyway, we want to hear from

you. Send us your questions about

business, tech, or whatever's on your

mind. We don't want to hear from Judge

Cannon at all anymore, hopefully. Go to

nymag.com/pivot

to submit a question for the show or

call 85551 Pivot. Elsewhere in the Cara

and Scott universe this week on OnWith

with Carara Swisser, I spoke with Chris

Appleands and Maggie Kang, directors uh

of the K-pop Demon Hunters. Maggie is

also the creator. And Scott, you got a

mention. Let's listen.

>> How do we get Scott to watch it? Do we

just tell him every Let's tell him

everyone's hot. That'll work right cuz

everyone's hot. So, watch it. Do it.

>> I just got him to watch Heated Rivalry.

>> So, I know it took a bit, but I finally

got him. I am going to make when I'm

with him at South by Southwest, I'm

going to go to his room and we're going

to watch it. He and I I I will have to

cuddle with him. But that's what's if it

takes that's what it takes. I'm going to

do that. So, I will I promise I will get

him to watch it and I will give him an

edible

>> and I'll put him right in front of it

and that's how it's going to go. Just so

you know,

>> show

>> K-pop Demon Hunters.

>> You have not watched it.

>> I have not. But I don't have young kids.

Isn't it for little kids?

>> No, it's an adult movie. Just watch it.

You're going to watch it with me. You

and I are going to watch it. Okay, we're

going to

>> Yeah, that's definitely got to involve

some sort of THC.

>> Okay, we won't

>> K-pop Demon Hunters. It's They're sexy

cartoons. You'll love it.

>> Aren't those folks billionaires now?

It's not the most watched thing ever on

Netflix.

>> It is, but I think they got didn't get

again like he did rivalry. They got they

got it for a song. Uh, but I think they

did fine. I mean, they're amazing. It's

an amazing podcast. I love K-pop Demon

Hunters. It's not for kids, actually.

It's a It's a very complex show. Okay,

that's the show. Thanks for listening to

Pivot. Be sure to like and subscribe to

our YouTube channel. We'll be back on

Friday.