What did they want from Professor

Galloway?

>> To do one or more of those Andy Rooney

segments.

>> So, you're Andy Rooney. You know what

really bothers me about Sodapop is?

We've got a lot to get to. So, let's dig

in. Hunter Biden, he's into his act,

too, and I'm loving it. He's has fame on

X, former president son now has 700,000

followers on the platform after he

reemerged last month saying, "I'm Hunter

Biden. You never actually heard from me.

Since then, he's taken this incredibly

candid approach. He's quite cany at

social media, joking about his previous

controversies, including drug use. In

one post, he addressed the bag of

cocaine found at the White House in

2023, saying it definitely wasn't his

because he would never forget in his

forgotten his drugs. In another, he

replied to an accusation that he was

part of an elite oligarch class with a

selfie of himself at a Super Eight motel

off I95. Um, it's really interesting

because he's actually engaging with MAGA

people a lot and they're kind of liking

it. They're kind of liking him. Really

interesting. I know it's kind of silly

and sort of me, but I gotta say I I find

it very interesting how he's doing it.

It's authenticity, I guess. Any

thoughts?

>> I think people Yeah, he's like he's

funny,

>> self-deprecating.

>> Yeah. And I think people love that kind

of vulnerability and honesty.

And also, I think I'm on this

anti-optimization

kick or

>> Yeah. I think that

>> I think the optimization trend has just

gotten way too [ __ ] far.

>> It has.

>> And you see that if you're truly about

optimizing, you go to 80%. 80% of good

sleep, good health, good nutrition, and

then you indulge the other 20%. You

don't want your metrics to consume the

joy in your life. And I also I think

people are just sort of ready for a

funny guy who smokes crack. I

>> Well, he doesn't anymore, so that's

>> Anyways, from what I've heard, it has

it's pretty addictive. But anyways, I I

hope for him that he's no longer smoking

crack.

>> Yeah.

>> But I think Hunter, he's he's just a

unique personality. He's got he's got

that kind of I don't know, for lack of a

better term, that Twitter wiz.

>> Um but the thing that kicked it off, and

I hate to admit this, was his interview

with Candace Owens.

>> Yeah, that was interesting.

>> That was part of his comeback.

>> Strange. Yeah.

>> And I I I I refused to watch it because

my understanding is he he kind of

indulged your conspiracy theories on

Israel, Charlie Kirk, and Trump's

assassination attempts. or he didn't

push back.

>> But the Google the Google search on

Hunter Biden is is skyrocketed. He is,

>> you know, he's an interesting guy. And

there's, get this, there's now a 26%

chance on Khi that he runs for president

in 2028.

>> No, he's not president in the fact that

he's defending the Bidens. They've been

so clottish about defending themselves.

I don't think Joe Biden's so great. Or

Joe certainly isn't. But he's sort of

like, "Yeah, we're broken people. So

what?" and like the stuff the [ __ ]

you're throwing around about me isn't

true, but some of it is. So, I think

that's why it works is that he's

defending his family in a way that feels

>> That's a great point. People want people

want to like a Biden right now.

>> Well, but they I don't The Bidens have

done a great job, you know.

>> That's my point. They're looking for

someone to like inact. I don't I I

thought I thought Okay, Dr. Biden. Uh, I

don't I think I don't think she's she's

she hasn't served the Biden family well

in my view.

>> Yeah, they seem, you know, she's mad and

righteous. Yeah.

>> Yeah. I don't Anyways, anyway, I'm

really enjoying Hunter. I'm really

enjoying what you're doing. Um, and uh

and it's see where it goes. I'll be

interested because you can't just live

on Twitter and social media alone. As

Spencer Pratt just found out, there was

a lot more heat around him than there

were votes. And so, he's just been

surpassed in Los Angeles. And and of

course the right is saying the including

President Trump that the election was

stolen. It wasn't. There was a very big

movement around um it's Nithia Ramen uh

who is a very well-qualified person. Um

uh and she's p pulled ahead of him in

the uh in the in the LA mayoral primary.

Um and of course the right is calling it

rigged, but it's not. That's how they do

votes in California slowly because a lot

of mail in. So that that was a lot. It

was sort of snakes. He was like snakes

on a plane of politicians. That's my

feeling. Although we did okay. He got a

lot of votes still.

>> I I actually think the California

elections are somewhat heartening, you

know.

>> Yeah. Yeah.

>> Sar was money.

>> Hilton was attention. The Sarah appears

to be experiencing competence and he

appears to be doing well. And the

mayoral race. I mean, at some point

we're going to talk about candidate

quality because it struck me as

incompetence versus a conspiracy

theorist. But I like the fact that he

came in third. It's actually bad for

Bass. It would have been better in a

traditional

>> div because this other woman's

impressive in many ways. She's a

democratic socialist I think. But she's

got, you know, she's an MIT person. She

worked on homelessness. She worked in

India. She wor she's a really

interesting character. Well, I don't

know enough about her, but I certainly

am going to learn. Uh, she's got a race

on her hands here now.

>> She is interesting, but more than that,

it's D versus D now versus D versus R.

And D versus R in LA, it's vastly skewed

towards D. especially when the D is p

their primary qualification to run for

mayor is that their house burned down.

So, you know, California politics have

been kind of it's blurred the line

between entertainment and public

service, but you know, at least Netflix

cancels shows when they're

underperforming. They don't seem to do

that in California. And I think a lot of

this [ __ ] has started with not only

Trump, but the fact that it appears that

the primary qualification for a cabinet

post now is that you're a t, you know, a

news host or a celebrity.

>> Well, but it didn't work, right? You

know, it didn't work. His he had a lot

more heat on social media than real

actual voters. You know, it's

interesting because we talked about this

last week, but you know, we said that

Daniel Lur is doing a great job in San

Francisco, but he's also online. And I

said, "It's not like he's compelling

like Spencer Pratt who's a douche

nozzle." And I got a call from and all I

pick up the phone. I wasn't looking who

called and he goes, "Not compelling."

And it was Daniel. And I said, "Yes,

that is how you that is why you're doing

so."

>> Meant that in the best way.

>> Yeah. I said that. I said, "No, you're

not compelling at all." And and he is a

douchezle and you are not a douche.

Anyway, just it just shows you that

social media may not be what we think it

is. Right. Exactly. um in in terms of

politics. Voters want what voters want

and I really feel good about voters

right now. I think they know what they

want. Anyway, um let's move on to the

big story. Again, FCC chairman Brendan

Carr, the [ __ ] has inserted himself

into the 60 Minutes drama. I don't know

why cuz he's supposed to be deciding on

this. Carr posted on an ex about fired

correspondent Scott P after P spoke to

the New York Times. responding to a

comment about how P was surprised he got

fired. Carr the [ __ ] wrote, "One of the

reasons why trust in media is low. So

many legacy journalists are completely

out of touch. You do not get away with

that behavior in any run-of-the-mill

job." Well, yes, Brendan, you [ __ ] And

he was asking a basic question of why

were people who were had no reason to be

fired got fired anyway. He should not be

weighing in. Neither should any of those

people, though. P says CBS manager the

ones out of touch. Let's listen to a

clip clip from an extraordinary

interview he did with a friend of mine,

Lulu Garcia Navaro at the New York

Times. It was full of stuff. So, let's

listen to it.

>> Of course, we have to reach out to a

younger and younger audience. Um, but

their argument about joining the

internet age is just disingenuous.

Um, it's almost as if Barry Weiss and

Nick Bilton were sealed in a time

capsule in 1990

and it just cracked open. They've just

discovered the internet and they're

running around telling everybody how

important it is at CBS News. Yeah. Uh

join the fight.

>> Anyway, I love his voice. It was such a

good burn. We've been saying that it's

not the everyone knows this. It's not

new fresh things. Um so I want to talk

about this in a different way. I mean, I

thought the interview was extraordinary

and extremely damaging. Um that said, I

don't know if something's going to

happen about it. Um but I we had a great

talk last night. Scott called me and

there's a business aspect to this I

really want to talk about. Obviously,

the interview was really a lot and

including this idea that he put his

hands on Nick, Nick Builton, who's who

was put in place to run 60 Minutes. A

lot of controversy around him. Um, which

didn't turn out to be true, but this one

executive Tom and I don't know how to I

can't pronounce his last thing. Anyway,

he was saying that he he tried to

manhandle Nick Bilton, which wasn't

true, and then said, "Oh, okay. You

didn't like the lack of reporting on the

behalf of CBS management is really quite

striking." Um, and Scott called them

out. Scott P, whose voice is fant

Maleficulous. Um, Maleifulous, whatever.

But you had this really great take about

business, and I'd love you to reel it

out a little bit because I thought it

was different than the typical those

[ __ ] kind of thing, which in fact,

they are [ __ ] But go ahead. Yeah, I

think if you just look at the industrial

logic or lack thereof, you get to what's

going on here, and that is this is a a a

rare instance of broadcast media

performing well. And so from an

industrial logic standpoint, you just

wouldn't [ __ ] with it. And we use the

analogy performing open heart surgery on

your best performing player.

>> I thought that was so smart.

>> Makes no sense, right? So why does this

make sense? Because regardless of

whether you like the Ellison's or not,

David Ellison is a smart guy. His father

is a brilliant business person. He just

is. And they understand, they may not

understand media or journalism, but they

understand culture incentives and they

vastly understand shareholder value.

>> I would say Larry does, but go ahead.

>> Fair enough. Um although I I I would

argue his son at least seems competent.

>> He's competent. He's competent. Not

around media, but he's good at making

maverick top gun. But go ahead. So the

question is why would they why would

they [ __ ] with something that's working?

Yeah. I mean that's the question. So it

becomes all right. First off, and this

is where I go too.

>> While journalists and media are obsessed

with themselves and think this is like

an attack on democracy and journalism. I

understand that the chill on journalism

and that journalism is a key component

of democracy. I'm of the camp that quite

frankly if the Washington Post and 60

Minutes go away, journalism is going to

be just fine. That's not to say we

shouldn't be concerned. That's not to

say this isn't another example of Trump

trying to put a chill on journalism. I

get it. When you try and encourage

taking vaccines off the market, I think

that is a real existential threat to the

health and wellbeing of Americans. I

think if 60 Minutes were to go away,

those people are going to find amazing

jobs and create reasonable faximiles of

of incredible journalism as they've

continued to produce at 60 minutes.

>> May I just push back a tiny bit? This

that's not true. they are an important

of the many fixtures and it's working. I

do think it's more than that. And what

Scott P was asking, why are you firing

competent people who who are doing a

great job and I do think they're

important. I think it's important to

have a top a top of the food chain and a

lower part too. And it's sort of so I

don't I do think [ __ ] with the

Washington Post is very damaging because

of the some of the stuff they do and and

[ __ ] with 60 Minutes same thing. So

go ahead. And and I believe that those

journalists and their their outstanding

work and their willingness to take truth

to power will find a ton of different

vessels if the Washington Post and 60 60

Minutes as a construct go away.

>> I don't think it's a threat to

journalism.

>> Okay.

>> As evidenced by what you're doing and

hundreds of other interesting new

companies are doing.

>> Having said that, what's interesting

here is just looking at it through a

business lens.

>> Yes, please do. Yeah. It doesn't make

any sense

to go up to Derek Jeter and say, "We

don't like you. We want to bench you or

to it's like benching Lionel Messi in

the World Cup." It just doesn't make any

industrial logic. And so, if you go up

the food chain, it's one of two things

here. Either the Ellison's are so

passionate about having a viewpoint that

put puts forward a more conservative

viewpoint that they're willing to take

these risks and potentially

kill Messi right before the World Cup or

whatever. I don't and I don't think

that's it. I think that the math is

pretty straightforward here. I think the

Ellison's the owners of Warner Media,

the new owners have decided there's more

economic upside if they do Trump's

bidding and potentially lose value at 60

Minutes. It's not economically an

important business to CBS. It might have

a halo effect on the whole thing.

>> But even CBS, the network itself, I

think the Ellison have done the math and

decided that we would rather there is

more and this is a problem with an

autocracy and this is a bigger

indictment in our society. I think the

Ellison have done the math and say we

would rather risk killing a healthy

player that's a small business and

curring favor with a guy who can give us

Tik Tok on a platter at 80% off.

>> They already he already did that

>> and I think he'll continue to do it as

long as we curry favor with it. And this

is the problem. This isn't about the

death of journalism. This is about an

autocracy where oligarchs are made if

you support the current administration.

And the Ellison have done the math.

Yeah, we'd like to hold on to 60

minutes, but what's more important,

>> we don't care. I think don't care is

more important.

>> Yeah. A nice to have. We don't really

care because the the the numbers here

are so small where the numbers turn into

tens of billions of dollars is if the

president is on our side because he

perceives us as being on his side. And

if we have to throw 60 minutes on the

funeral p to show loyalty, so be it.

>> Yeah. It's really interesting when you

said that. I first I was like, "Oh,

Scott, it's important." You know, and

then I thought, you know, actually when

Tim Cook brought that golden statue,

why'd he do it? Like cuz the the

reputational hit was bad. And then he

appeared at the Melania thing, right?

It's such a reputational hit. And I was

like, "Oh, he invested a hundred million

here and got like Elon giving money to

the packs invested 50 million here, he

got 500 million billion here or five

billion here." And I was like, "Oh, it's

a trade." and it they don't mind taking

the reputational hit. Same thing with

Bezos. Why would he go yammer on so

idiotically, right? Cuz he wants

something, right? I mean, that whole

he's gotten more mature. Like, come on.

Like, stop it. Like, you just saw that

Kristen Welker interview looks like a

giant baby. A giant baby Hueie. And I

was like, you're right. He gets they

they get more money out the other side.

The issue is they're they don't mind

throwing out the really beautiful thing,

right? like sometimes when you junk

something that's just fine but they

that's what it is and so it feels much

more it is political it is political

because I do think they're much more

pro-Israel etc etc um but and much more

like anti-woke which sort of feeds into

their selections of editorial selections

but it is about like they'll get more

out of it now what two things I'd love

you to comment on look Trump's at the

very end of this is we're at the end of

the you know this the king is fall is is

falling down like on a daily basis. He

looks quite sick. Um let's let's not

pretend he doesn't look like he had a

stroke or something. Something happened

uh to him. And so it's at the tail end.

You see the Republicans pushing back.

You see the polling which is really

significant even among female

conservatives, male conservatives,

farmers, like all his thing breaking

down. Why would you double down on him

right now? cuz it seems like you'll get

the reputational hit cuz afterwards when

the Democrats come in, they're not going

to forget. And by the way, probably the

attorney generals will file a suit while

we're taping this um against to slow

down the merger and it will slow down

the merger. So why would you do it now?

Like if you're as smart as Larry Nelson

is, and trust us when we tell you he's

very smart. Um why would you do it? It

seems like the dumb bet right now.

>> Yeah, I don't think it is. Cara, keep in

mind that the deal has

>> the deal hasn't closed yet,

>> right? It has to close, right?

>> The deal hasn't closed. If if Brendan

Carr gets a call from Trump and say,

"I'm having second thoughts about media

consolidation,

a deal hasn't closed." And it Trump has

been has shown a willingness to uh

violate all norms, not afraid of court

battles. Yeah. maybe gets overturned in

court in a year or two years at which

point CBS continues to hemorrhage

viewership. Trump can absolutely kill

this deal. Trump can call Ellison and

basically say, "I want you to cancel Big

Bang Theory and he would do it right

now." I and I'm trying to come up with a

CBS show like the new Matlock, whatever

it is. Yeah.

>> And I think I think I think Larry calls

his son and goes, "Kill this show."

>> Because if this deal doesn't go through

and it doesn't close, I mean, so one, he

has very strong short-term incentive to

be supportive of Trump. And two, they

still have two and a half, you know, you

still have two and a half years left and

nothing proves I mean, think about all

the guys that showed up that we mocked,

all the tech executives from Sachin

Nadella to Alman.

>> Did tariffs affect any of them?

>> No. And they got contracts with

government. They got this, they got

that. They got everything they wanted.

>> And Jensen Hong, I'm going to take you

to China and try and get you to sell

chips. And now the Chinese are saying,

"Fuck you. We're not going to buy your

chips." It's there has never been a

return. Not capbacks, not AI, not plant

property equipment, like investing in

Trump right now. That is what a good

autocrat does. He says,

>> okay,

>> but

>> what happens come November when the Dem

if the Democrats win the way they think,

if they even win half of what they're

going to win, there's there's going to

be hell to pay. Or maybe they don't

think the problem.

>> Maybe they don't think that.

>> Here's the problem. Graham Platner

Graham Platner has had a series of

really disturbing

accusations against him by by various

women and the talking. Okay. The problem

is

we apply a purity test to ourselves and

to our candidates that the Republicans

don't apply don't apply and as a result

they feel safer. They're like we threat

lock her up. Have you heard we we don't

have chance of lock him up at

Democratic. We we're we're better than

that. And I I get it. I like that. But

the reality is the the incentives are

the following right now.

>> Get on get in with Trump. Get your

money. The Democrats are [ __ ]

[ __ ]

>> And

that was the wrong word to use.

>> That's all right. I like that.

>> The word the Democrats, they'll feel bad

for us and they'll try and understand us

and they'll haul us in front of

Congress. Fine, but the upside here is

so much greater than the downside. We're

dealing with an autocrat.

>> You're right. It's a risk assessment. I

do make a little prediction here. We

should probably move on in the thing,

but I think the Democrats are much more

less a [ __ ] than you think. I think so.

I have talked to a lot of them and

they're like,

>> "Well, let me ask you this. Do you think

Do you think they should replace Blatner

right now

>> so we have our our our high ground?"

>> No. No. No. You know, I don't. And I

have an argument with my wife about it.

No, I don't. I don't. I think the voters

of Maine should decide. That's my

feeling. I feel I always feel like the

voters should decide. And if they make

>> bad decisions, they have to live with

it, right? If they had picked Pratt,

they have to [ __ ] live live with it

in Los Angeles. And I know the rest

everyone who didn't vote for them have

to live with it. But I am I'm a firm

believer in voters. I just am always. I

always feel like they always get it

ultimately. And and I think pundits and

everyone else doesn't often get it.

Sometimes they do. Sometimes they're

very cany. Um, but I just feel like to

me you're betting on someone who's about

to collapse. And

>> we've been saying that we've been saying

that for a while.

>> Have Look at him. Look at him. It's

>> You think he looks that Do you really

think he looks that bad?

>> I I'm just Look, I'm not talking about

him. Yes, I think he looks that bad. But

that's not what I was talking about. I'm

not talking about death. I'm not like

whatever. He's He's old. He's going to

die within 10 years. So, whatever. It's

going to somewhere in there. Somewhere

in there. And um but the p the numbers

I'm looking at the polls and I a year

ago I said I think his polling is going

to collapse and it has collapsed. And so

that's what I'm looking at is voters.

Voters don't like this [ __ ] And I think

they are sticking their chin out so far

with all their nonsense. Why would you

fire competent people? what it looks and

also it creates listen CB other CBS's

other executives are furious because

it's ruining the CBS brand which is a

very successful it's done okay in the

network with all their old people shows

they're doing okay and so I think you're

starting to see leaks from you know

there was one from this woman who was

running um CBS entertainment you're sort

of started seeing it from other news

you're just starting to see it and if

she could this could mess up the deal

itself because of the heat on this on

the other side, right? It'll it'll

embolden more people from 60 Minutes to

speak out. It'll embolden more stories.

And let me tell you folks, there's more

shoes about to drop. I hear about

everything. And so, it's going to be a

continuing leak leak leak. And if you

remember the Chris Lick thing, and I

just think David Zazos is just quicker

to fold, right? Or but it took Jeff

Bezos two years to fold on Will Lewis,

but eventually it's it it messes up the

brand. and they happen to have other

things. Now, Jeff just has the

Washington Post so he could hold out for

2 years, but Zazoff was starting to feel

the pain elsewhere. And so, that to me

is the problem. So, and then David looks

dumb and David looking dumb to daddy is

not a good thing for him. You know what

I mean? Like, and so that's why I think

there's a lot more at play here. And I

and I do think the Democrats will will

will extract something from them in a

way. I don't think they're as as weak as

you think they are. And from hearing

from them, bygones is not in their

vocabulary right now. It is we will now

be coming around and remembering what

you did. So maybe they won't do it, but

I that's the tone I get from them. So

we'll see. Anyway, I really enjoyed your

your idea of what they're doing and

you're absolutely right. The business

way to look at this.

>> Just to talk more about 60. So

four of the seven I think four of the

seven anchors have left

>> and the key executives the editors the

key editors who you don't know their

names but critical

>> that's really the heart and lungs but

the 75 what you call staff editors

junior producers statistitians did it

none of them have left it all comes down

to this I I I think it's the following

just as we thought

>> they can't leave let's be clear they

have jobs there's not It's not a big

market. So,

>> right. And they have mortgages and and

not only that, I know I know exactly

what the Ellison's did here. They called

them and said they called Leslie Stall

and said, "Leslie, you're an icon.

Things are tumultuous. We promise we

promise we'll let you do whatever you

want. And by the way, if you just stick

around another 12 months until things

settle down, there's another $5 million

bonus for you." That's what I would have

done. And I'm sure that call took place.

And then they called the 12 critical

people of the rank and file and said,

"Look, tell everyone that when there's

this kind of tumult and the top of the

pyramid gets chopped off, there's a

tremendous sucking sound upward." And

they would be stupid not to hang around

to see what additional opportunities

emerge.

>> And people will always think about

themselves before they think about the

brave new world of the attack on

journalism. They have mortgages to pay.

They have college funds

>> I agree

>> to fund. And this is what will happen.

Just as we thought all the noise in

social media was going to dictate the

mayoral race, all the noise around 60 is

going to come down to the following. If

the first six or dozen episodes in the

fall are good, 60 will be fine. And if

they're not, that thing will collapse

under the weight of all this

controversy. So, it's it's going to be

it's going to be about it's going to be

about the product. Full stop. If you can

make the product because you do need

those correspondents,

>> maybe they can't.

>> I know the people they're calling cuz

I'm hearing from everyone they're

calling and none of them want to go

there. They don't want to they're

calling some interesting people who are

good but all of them are like I'm not

selling my [ __ ] reputation.

>> How how do they get guests and also I

never miss an opportunity to to make

myself feel important. I was approached

about a role at 60 Minutes

>> and what did I say? I'd break your arm.

Correct.

>> Well, and I said no [ __ ] way. I I

don't want to be that's like the last

thing I mean and quite frankly why the

[ __ ] is Leslie Stall staying.

>> Well, can I give a word on that and then

we'll move on. I know Leslie really

well. She used to come to all my

conferences. She's really terrific. I've

talked she was trying an internet thing

off a couple years ago and I helped her

with it. She's not texting me back.

Let's just say Leslie, I've helped you a

lot. I really feel irritated by the fact

that you won't even text me back. But

that's another issue. Um, I think I

predicted she would do this and everyone

said I was wrong. But listen, this is

the end of her career. She wants that

retrospective of her career next year or

the year after. She wants the party. She

does have a loyalty to the place. She's

been there so long and so she feels by

staying, she's protecting it like at

least someone's here to hold it back and

watch them. My is and I think that's

genuine. I do. I think it's genuine with

her. She's she's she like you cut her

open she blades 60 minutes right so I

think that's in her thing and she wants

that like if she left now there'd be no

retrospective there'd be no end of her

career and I think she wants that from

that's from a for a selfish point of

view from the other point of view she

thinks she can save it she can at least

protect it for the time being until

she'll wait them out my problem is

they're going to go just around her

they're just going to go around her and

I don't think she realizes that how much

they're as as cany and smart and tough

as she is she doesn't have as much

leverage by staying and that is I think

she made a mistake but I thought she

would stay. So that's my take on it. So

I don't know cuz I haven't talked to

her.

>> Okay. So under in the latest episode of

>> I'm glad you didn't go. Thank you. I

would have not been happy about that.

>> Under the oposes of the latest episode

of Don't These People Have Friends?

Leslie Stall is an icon. Leslie Stall is

84. Between 1 and 2% of 84 year olds

work full-time. By the time you're 87,

it's less than 1%.

You know, Leslie Stall may live another

20 years. She's going to be working

full-time for a matter of, you know,

years, if not months. I mean, that's

just, and I know that sounds agist. I am

an agist, and so is biology.

>> She shouldn't be buying green bananas at

this point.

>> Yeah.

>> Now,

>> I I don't think it's a good choice. As a

friend, a friend should say to her,

Leslie, you put out the following memo.

I have loved and appreciated and feel

blessed to have been a part of this

organization.

I am proud and did my best regarding my

work here. It is time for me to leave.

>> Yeah, I would agree. and everyone else

would have filled in the blanks. In

every [ __ ] room she would have walked

into for the rest of her life, she would

have got a standing ovation. Instead,

now under some narcissistic notion that

she's going to be able to control what

happens in every production meeting. Go

my god, how naive are you? She had a

chance to put the world's greatest dot

on top of an exclamation part point at

the end of a career and she's missed it.

This was the perfect

>> perfect exit to a storyried career. I

know. I'm not I'm not angry. I'm not

[ __ ] posting her for staying. I'm [ __ ]

posting her for not taking an

unbelievable opportunity. I agree. And

goodbye.

>> To put a Tiffany ribbon

>> to put a Tiffany ribbon on the

aquamarine blue box. That was her

Tiffany career.

>> What a missed opportunity.

>> Goodbye, sir. Like that kind of thing.

>> Good day. Good day.

>> Good day, sir.

>> Good day, sir. Can I Can I ask you I

want you to say what they wanted you to

do in 60 Minutes, which would cracks me

the [ __ ] up. Cuz then it's not to do the

like big interviews with Trump or do the

investigative pieces where you dress up

in a beer just for people to know. What

did they want from Professor Galloway?

>> Uh to do one or more of those Andy

Rooney segments.

>> Yeah. So, you're Andy Rooney. And by the

way,

>> what really bothers me about is

>> I I I grew up watching 60 Minutes with

my mother.

>> Yeah.

>> Had someone called me 12 or 24 months

ago and offered me that role.

>> Yeah.

>> I would have just I would have said I'll

pay you. What do you want? What do you

want? What do you want me to do?

>> I would have that would have been

literally other than hosting a podcast

with you, that would have been my

crowning achievement professionally.

>> And now I'm not I'm gonna I'm not going

to add to this chorus

>> watching that of of of of unqualified

people. This cosplaying journal. I'm

like, the last [ __ ] thing I want to

do now

>> is wake up to social media after they

after they hear that I'm joining I'm

having anything to do with this [ __ ]

show right now.

>> Yeah. And you were scared of me, right?

Were you scared of me?

>> Uh, not really.

>> Is I just would have yelled at you like,

"Are you

>> No, no, no. I

>> You know what? Can I just say you're

better than that? That's how I feel.

Yeah.

>> And and quite frankly, I I think I like

the people there more than you do. I I I

don't have a you know, I I actually

>> I like some of them.

>> Yeah. I I This is the last [ __ ] thing

I want to be associated with right now.

I

>> Yeah.

>> Anyways, um anyway, you're stuck with

me, Cara. You're

>> I know. I love it. I love it. You can do

60 minutes things here and you can do

them about penises. So, you can do it

there. I'm just saying. Anyway, we're

going to move on. Really interesting

story, but I appreciate your business

thing. I was so struck by it last night

when you called me. Anyway, we're going

to go on a quick break. When we come

back, the SpaceX IPO approaches.

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Scott, we're back. I thought you did a

great job sort of analyzing the the

SpaceX IPO. It really helped me and a

lot of people were telling me that. But

the company is expected to begin trading

on the NASDAQ this Friday in what could

be the largest IPO in history. A lot of

moving parts. A couple things we've

learned in the last few days. SpaceX has

set its share price at $135, giving the

company a valuation of roughly 1.77

trillion. You said it would be under two

trillion. It won't be fasttracked onto

the S&P 500. This is a new development

after the index decided not to change

its rules for these mega cap IPOs. Thank

you. They probably got a lot of push

back from people. And there's more.

SpaceX also made a major deal with

Google selling off its seed core. Google

will pay SpaceX $920 million a month

over the next three years for computing

power. That includes access to at least

110,000 Nvidia chips. Elon was smart to

grab those. This is similar to a deal

that SpaceX recently made with

Anthropic. So, it's becoming an

infrastructure provider. Essentially,

Google, which is already an investor in

SpaceX, everybody is, by the way, is

calling this a short-term timely

agreement to ensure they can keep up

with surging AI demand. They will go get

their own stuff later and they're not

going to rent it. Um, talk about what's

happening now and what you see happening

in the NE because it's ne the next week

and and the deal and we're going to talk

a lot about the IPO on Friday obviously,

but right now going into it, how are you

looking at it? It's just so interesting

and and my my judgment is clouded

because I've been so wrong about Elon

Musk's adventures in in in the market

and the I haven't fully appreciated what

a meme stock he is and everything he

touches. So look, Alphabet agreed to pay

SpaceX almost a billion dollars a month

for compute capacity from Xi from XAI

data centers. What's interesting is that

they overbuilt and it ends up that's

fine because they can just rent the

capacity out to someone else at probably

a higher price than they had originally

anticipated. Look, SpaceX's current

multiple, it's going out at 94 times

revenues. The deal would value um uh a

deal that would total at least, you

know, 1 trillion in additional market

cap from if you just valued this what it

should should trade out trade up versus

its competitors. even being generous.

What does it matter for Alphabet? It

owns this it owns a 6% stake in SpaceX

which it purchased in 2015. So,

and they did this when the company was

valued at just $12 billion. So, 6% of a

1 trillion in market cap is about 60

billion or more than 5x.

>> Remember remember when Yahoo had the

Google stake that was one of the big

things they got out of it anyway. They

had a big stake in Google

>> by them agreeing to buy purchase this

compute. when you look at the multiple

for every dollar they spend on compute

they're technically getting five back in

the increase in the value of their stake

in SpaceX

>> right yeah

>> so we talk about these circular deals

but this one looks like a no-brainer for

Google

>> right

>> so I think SpaceX's multiple will

deflate dramatically as revenues grow

but the point stands you know Alphabet

has a vested interest in SpaceX's

revenues going up and then and then look

I I I think in the last just 7 days

maybe 14 there has been a dramatic vibe

shift

and that is this study that came out at

MIT that said 95% of CFOs are stating

that they're not getting the return they

had initially anticipated

>> AI in AI

>> I was on um a webinar hosted by section

talking about AI and the comments I

would describe is whenever people come

in and talk about the brave new world of

AI it's like a giant [ __ ] eye roll.

People are really in the business world

are starting to sour on the brave new

world of AI. And this will this won't be

the same litmus test directly as as

anthropic or open AI. And I'm curious if

you sense this, but I sense a little bit

of like, you know what, this is

beginning to feel like [ __ ] The job

apocalypse everyone's been predicting is

not here.

the the the you know notion that this is

going to change absolutely everything.

The idea that we're going to have

oneperson companies that could be

billion dollar unicorns,

>> right? Remember that one?

>> Uh you know the I had the CEO of uh of

Lilion. He said AI's ability to

accelerate drug discovery is vastly

overhyped. I just wonder if people are

beginning to say okay this is beginning

to feel a little 99. And it feels like

there's been a tangible vibe shift

around AI in the last few weeks. Do you

sense the same thing?

>> How does how does it affect the SpaceX I

IPO? Because there's star there's other

businesses in here. Is it just cuz this

is an AI IPO or

>> Well, the AI that's got attached to it

as I refer to affectionately as a money

furnace is I mean there's no doubt he's

he's saddled he's turned a great space

business into a company hemorrhaging

money because he's going to try and fund

and play catchup in AI. What's

interesting is he's it looks like he's

got a a rip cord here in the form that

he's now renting out his infrastructure,

but nothing nothing feels or says froth

in a market like a 94 times revenue

valuation,

>> right? But is that Elon or AI? That's

the qu is it just the Elonness of it?

>> I think the answer is yes. I think Elon

I think Elon plus AI plus rockets.

>> Yeah.

>> Um in the rocket business or the

Starlink business is a great business,

>> right? But my god, 94 times revenues.

>> So what happens? Give me like the day

of, the week after, and the 6 months

after. Everyone is predicting trough

after, like pretty quickly after,

relatively quickly after, not

immediately.

>> You know, I've gotten this so wrong,

Cara, but I people have called me and

asked me, they should participate in the

IPS. They've got allocation. I said I

wouldn't get near SpaceX, and if you do,

I would sell on the first trade. I think

SpaceX is about to hit a 10-year high on

the minute it goes public, meaning it'll

be all downhill from there. I just don't

see how it just even with even with even

with Elon and AI and rockets, I don't

see how it just

>> he's going to put robots everywhere and

cars, you know, all the promises are

still that and they're tough ones.

They're tough promises. He's got to keep

>> 100%. The one I'm most or least sanguin

about or least pessimistic on is

anthropic because the momentum is so

dramatic there.

>> So, you'd buy into that?

>> Uh, I would buy into the IPO. I'm not

sure it'd be a long-term hold based on

the valuations going out on it.

>> I think that's I think if if one of them

struggles and could be a broken IPO, I

think it could be open AI. I think the

momentum

>> conglomerate, so it's harder to tease

apart investors.

>> I mean, one of the reasons you might be

seeing a decline in the crypto market

right now is all of those people are

selling to buy into the SpaceX IPO. I

mean, you're also probably going to see

a decline in the larger market for tech

stocks because I think so much capital

is going to be sucked up by these guys.

But you

Elon has look, it's a cult. And it's the

same. I wonder what's going to happen to

Bitcoin because that has a culty feel to

it. And I think a lot of Elon stands are

Bitcoin holders and are going to fund

their SpaceX purchases with sales of

Bitcoin.

>> Right. Right. So that's another thing.

Yeah. So anyway, so we'll see what

happens. We'll be talking about it on

Friday. But so you say it goes out at

135 and it drops.

>> Well, the the interesting thing here is

if they can manually

>> they're having some punitive stuff if

you sell it too quickly, too. There were

some of that.

>> Well, there's all sorts of lockups that

people are being asked to commit to. I

think Elon and his banks will probably

create enough artificial scarcity to

manufacture a pop. Um, but I I think 6

12 5 years down the road, 5 years is

tough. I wouldn't I wouldn't get near

this thing. And if you are if you do get

allocation, look at the first trade.

Consider getting out on the first trade

>> and the index hurts it, right? The lack

of being in the index funds now.

>> Well, that would have been additional

demand out front, but you know, every

IPO up until now has not been in the

S&P, so technically that should that

shouldn't hurt. And there was complaints

about it being, you know, you were being

forced to buy it if it went into the S&P

because of the people

>> index funds. It'll be super interesting,

but uh 94 times I know.

>> Okay. Amazon, incredible company. A lot

of people think it's overvalued. What's

the trade up? Four and a half times

revenues.

>> You know, I like that you like math

still after all these years. Any

interestingly speaking of what you were

just saying, Donald Trump is looking

into the government stake in AI

companies. Oh, buy at the top so

American people can quote benefit from

the success of AI. He says leaders of

all the big AI companies are coming to

the White House as early this week to

discuss the idea. I mean, it's such a

socialist thing. Open AI in the White

House are in ongoing talks about

government stake according to CNBC. This

is something that Sam Alman has been

floating for a while. He needs the help.

As you were just noting, Alman was in DC

last week and met with Senator Bernie

Sanders who's been pitching a similar

plan because he's, you know, a

socialist. as Sandra is proposing a

sovereign wealth fund creating a onetime

50% tax on all on the stock of AI

companies giving the public a direct

ownership sake. Talk to me about this

cuz I don't I don't love it. I feel like

what like I get I get that for example

the government gave a loan to Tesla when

it was in trouble and didn't get

anything back for it and Elon got all

the juicies but that's what the

government is there for and they got

they got their loan paid back but they

didn't get a stake and I think that was

okay but I don't know what do you think

>> it is very easy once you get elected and

everyone thinks you're great and you

have power to get start thinking you can

control industrial policy and start

picking winners and losers it is very

tempting that's socialism you control

the means production. When you do that

and you start believing you're better

than the private market and the full

body contact violence of capitalist

private markets, you end up with

warehouses in Ireland full of unsold

Deloreans and Air France. It does not

work. If you want to support an industry

like the chips act, everyone gets the

same opportunity and the same subsidies.

If you want to support the EV market and

you give tax credits and subsidies,

everyone's available to it. When you put

a golden share into US Steel or invest

in Intel, you have decided you're

smarter than the market. You are always

always wrong. This is socialism. This is

this is cronyism. It never works for the

economy. At the same time, Bernie

Sanders is equally wrong. Taxes that are

industry specific don't work. They came

up with the same nonsense idea around

oil and gas when they were printing

money in the 70s and 80s. Because then

what happens? Is Microsoft an AI

company? If we start producing podcasts

with AI, are we an AI company? Is Apple

an AI company? We need a more

progressive tax structure that taxes our

most successful companies, whether it's

anthropic or whether it's Apple or

whether it's Novo Nordisk or whether

it's Eli Liy, we need a more Yeah. But

when you go industry specific taxation

doesn't work because then capital starts

picking industries based on taxes, not

where the greatest return or innovation

is. It it is it is [ __ ] populism

going after a specific industry. It

creates a ton of bureaucratic unnatural

acts across capital allocation.

>> Why not? Why don't we own like the hot

dog franchise?

>> What about cigarette companies? I mean,

>> what else can we have?

>> I I love

>> McDonald's. Americans like McDonald's.

>> Let's have a more progressive tax rate

for McDonald's and anthropic and open

AI.

>> Yeah. Why not others?

>> That's it. Industry specific taxation

doesn't work. And if you want to invest

in native industries or orphan

industries or industries that have

strategic importance, fine. But when

Donald Trump, a failed business person,

gets into the business

>> like mRNA technology, which they took

away stuff like that's already getting a

lot of private funding, but it means

it makes sense. But everybody gets

access to it, right? Every company,

you're not picking winners and losers,

right?

>> And so just as just as Trump is trying

to pick winners, that is no better nor

any worse than Sanders trying to pick

losers and deciding then going to the

White House to do because he needs the

support, right? It gives him support.

Gives him a little bit of

>> the biggest bailout,

>> stable support, stable support.

>> The biggest bailout since the banking

industry bailout will be the following,

but it'll be positioned as growth. There

will be some sort of governmentbacked

debt offering or backs stop for AI

companies who can't afford the

infrastructure spent they have committed

to when it's clear these valuations are

not going to hold up. And also, Trump

realizes an entire economy he has bet on

AI. the biggest bailout that'll be

positioned as a quote unquote growth

opportunity for the US government.

>> The taxpayer will hold the bag,

>> right? Trump Trump will Trump will

position is I'm a smart businessman. We

have an opportunity to invest in this.

It is going to be a bailout

>> everything and we'll be holding the bag.

We'll be holding the [ __ ] bag. I

swear to God,

>> we'll privatize the gains and socialize

the losses

>> because Trump thinks he's smart and

thinks he's a good business person. make

such bad deals but like oh I just am

like no no no let them die as you said

remember years ago we're talking about

plane we were talking about you're like

just let them die and something new will

happen just like you're saying about

poor 60 minutes

>> new dumb money will show up and say I

want to start an airline called you know

>> Hooters I mean there's no shortage of

people who who desire to start airlines

>> Hooters airline would be good anyway

>> there was a Hooters airline

>> was there

>> yeah you didn't know you fly

>> there was a Hooters airlines What?

>> No, I've never I have never been in a

Hooters. Actually, I'd like to go.

>> I have been in a Hooters cuz the wings

are very good. Let me say they are

excellent. Excellent wings. Anyway, I

don't much love. Actually, the ladies

are really nice in the Hooters.

>> They do a great job from what I

understand. They do a great job.

>> They are very nice. The ladies of the

Hooters are nice. I There's a wonderful

story about a gay guy, a comic going

into Hooters when he was his father

brought him there to try to man him up

and the ladies immediately understood

what the kid was going through and were

sweet to him. He said, "I will love

Hooters people the rest of my life

because my dad was trying to man me up

and they understood that I was gay and

made me feel wonderful." Anyway, here's

to the Hooters ladies. All right, let's

go on a quick break. When we come back,

Siri gets a makeover.

>> Support for this show comes from

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>> Scott, we're back with more news as we

tape. Apple is planning to announce a

Siri overhaul at its annual developers

conference. Oh my god, you think the new

Siri features a chatbot uh style app and

uses Google Gemini technology AI powered

web search. Siri will be able to

understand personal data and analyze

on-screen content and users will be able

to return to their prior conversations.

A conference is the last of Tim Cook's

tenure before he hands the reigns to

John Turnis. They've been there was a

good story about how behind they were.

You know, Tim saying they were behind on

AI and not doing enough. I think Siri

has been um one of their worst things

they've ever done. It's so useless. I

was walking here from the subway. I was

in Manhattan this morning doing some

meetings and I got to tell you, Scott,

like it couldn't call Amanda. Like it

can't do things. It sucks. Siri sucks.

So, you know, and I'm not going to be

happy that it just is workable at this

point. I'm just I I find it useless and

I think Apple is really missed a boat

here for many years, for decades even.

Your thoughts?

>> Yeah, we've talked about this. I mean,

it's right up there with the Cybert

truck uh for like the biggest product

fails, and that's unusual for Apple. Um,

it the the rebuilt Siri runs on a custom

1.2 trillion parameter Gemini model

under a deal worth approximately a

billionear to Google and it's a three-

tier rooting system that handles queries

on device for simple tasks, Apple's

private cloud for moderate requests, and

Google's Nvidia B200 GPUs are used for

heavy reasoning. and they're claiming

the new capabilities are multi-step

commands, persistent conversation

history synced via iCloud and an

on-screen awareness. It's being launched

as a standalone app for the first time

and they've delayed the overhaul twice.

The original AI boss left the company

before it shipped and critics warned

that Apple was surrendering AI to Google

the same way it surrendered search and

deepening the reliance on a competitor I

would argue was a smart move because of

the licensing deal. Um um and John

Turnis, you know, he might he might

switch direction and want to put his his

mark on this thing. It's a big It's a

make I don't know if it's a make or

break bet for Apple, but it's important

because as of earlier this year,

>> they were the only big tech company

whose capex decreased from last year.

I'm not sure that's that's a bad thing.

But if you think about a market, I mean,

I I accidentally turn on Siri by hitting

the wrong button on my phone 10 times a

day, which mean it which means it is the

most accessible AI in the world. If I'm

constantly bringing up AI accidentally

on my iPhone, that means it's the most

access that it's the most accessible AI

in history. And for them not to be

figuring out a way to get some of that

AI guju, you know, it feels like a

missed opportunity, even if it means

outsourcing all of it to someone else.

They should be the front end. And Siri

is arguably at this point, I wonder if

Siri needs a rebrand because it's it's

come to be it's come to be emblematic of

something that just doesn't work.

>> It doesn't work. And I do put a lot of

trust in Apple in terms of privacy. I'm

not worried about interacting with it as

much um as I am like you load up

everything into AI and I don't and but I

feel I trust Apple but it's incompetent.

It's like having it's a bad assistant. I

don't can't believe it took this long

for for Tim to have this assessment. Um

but uh you know one would imagine it's

critical going forward especially if

they're going into glasses and things

like that you know um that you have this

thing that just does what you ask it to

do on a basic level. You know, there's

AI in everything now and so much of it

is so bad and it's a missed opportunity

because they're so good at everything

else. So,

>> well, the best experience I've had with

Apple AI happened this morning. I was

working out and as always I was

listening to my mix of ELO and NXS

>> I love EL

>> and Cap Cut for some reason I have the

app Cap Cut on my phone and immediately

it said

>> learn more about Cap Cut's editing

features and I'm like and I just

instinctively went oh god [ __ ] off and

Siri responded I won't respond to that

>> oh yeah it does that when you curse at

it totally has

>> I won't it was chastising it kind of

made me laugh

>> it does that when you called him stupid

when I called stupid

>> I won't respond to that which I do on a

daily basis. It was like, I'm sorry you

feel that way.

>> So, I've been saying to everyone that I

won't respond to that. Anyways, that's

that's the best experience with Apple

I've had.

>> Anyway, good luck, Apple. Make it

better. We we have very low expectations

that you will. All right, Scott. One

more quick break. We'll be back for wins

and fails.

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>> Okay, Scott. Uh, some wins and fails.

>> You go first.

>> Okay. The win. I was just struck by

this. There's all these movies that

people are going to the movies for,

Obsessions and Back Rooms, which is

started on youtuby kind of things, but

they're wonderful. I think people really

like them. I don't think just cuz they

start on YouTube they have to be bad.

But domestic box office crossed a

billion dollars last month, a number not

seen since before CO, which is

interesting. And that's without a Marvel

movie, which I think is nice. There's a

lot of really interesting things out

there that are doing well. Lots of

different interesting movies. Um, the

big winners right now are the Michael

Jackson biopic Michael, which I have not

seen because it doesn't include some

other stuff about him. I think needs to

be there. And the Devil's Proda 2

starring Cara Swisser, of course. Um,

but there's it's just nice. You're

seeing a lot of that. And I do I I've

noticed I've gone to the movies

recently. I know you don't, but I I

hadn't, and now I am because I want to

see them in the movie theaters. And

there's a couple movies I do want to see

in the in the movies the theaters

including the next Top Gun. David

Ellison, I think you do. Let me pay you

a compliment because I never do. You

make a marvelous Top Gun movie and I

like your Star Trek work and Mission

Impossible. My fail is the 60 Minutes

thing cuz it's so unnecessary and stupid

and and I know reporters I agree with

you can be like a little bit you know

self-s serious and you know pompous and

stuff. In this case this they really are

right and it's not they really are

right. this is so dumb and they if they

can't answer the question why did you

fire competent people if you can't

actually even answer it internally

there's something wrong with you and at

the same time the my two favorite

phrases right now are um my one favorite

phrase that I'm using a lot now and poor

Nick had when he was leaving with that

fraught meeting with Scott uh P um he

was he said as he was leaving he sort of

flounced out because he was getting

fried by Scott and Scott is a tough guy.

Um, he said, "Enjoy the bagels."

There some people from 60 Minutes said

they're going to make secret t-shirts

called enjoy the bagels exclamation

point. Um, and I just enjoy that, but I

don't enjoy any of the rest of it. I

don't. I think it's sad and it's

unnecessary and stupid. Um, so anyway,

that's my fail.

>> I like it. Um,

>> enjoy the bagels, Scott.

>> There you go. Enjoy the bagels. So look,

my win is uh the the death of higher

education has been greatly exaggerated.

Applications are up, but that's not my

win. My win is our great public

universities.

Uh one of the most underreported stories

in America right now, I think, is that

the market is finally disciplining

higher education. And that is families

are waking up and realizing that paying

a half a million dollars for a

bachelor's degree is a luxury good

masquerading as an investment. And

applications to our flagship public

universities which are a much better

value are exploding. The University of

Texas at Austin received more than

90,000 applications up 25% yearon year.

>> Why applications at places like the

University of Virginia, University of

Michigan have surged record. My son's

there. Alex is there.

>> The university, the my alma mater, UCLA

gets 160,000 applications. They get the

number of a small city. And why are they

doing this? Because we're coming to an

uncomfortable truth. And that is after

your first job, you know, people people

care that you got into a good school,

but they don't care if it's a good

school or quote unquote an elite school.

They just want to know that you went to

a good school. And they also care

whether you can just do the work.

>> They're also great schools. Let me just

say for Michigan is substantively less

expensive than

>> UC San Diego

>> than NYU. I'm sorry.

>> University of North Carolina.

>> Yeah.

>> I mean, these are outstanding schools

that guess what?

>> Can we just point out it wasn't cheap,

but it was substantively more less

expensive.

>> It was less expensive. It I'm not saying

I'm not saying it's a good value. I'm

saying it's a much better value.

>> It is.

>> And the ROI gap that you're referring to

is staggering. At many flagship state

schools, an in-state student can

graduate with tens or even hundreds of

thousands less debt than access and

access comparable employers, alumni

networks, and graduate school

opportunities.

You know, the elite schools have spent

30 years turning themselves into luxury

brands. And the public flagship spent 30

years building capacity, research, and

outcomes.

>> Did you see what I sent you? The numbers

for those elite schools have gone up

like over a h 100,000 each for each

year.

>> It's crazy.

>> I said chart. I was like what? Like even

I who have recently paid for it was sort

of flumxed and upset.

>> Yeah. So look the new the new American

dream isn't getting into Harvard. It's

getting rejected by Harvard and then

going to Michigan or Texas, landing the

same job and using the quarter of a

million dollars you saved as a down

payment on a house. And I should post

higher ed all the time because I think

me and my colleagues have been drunk on

scarcity and reflect this dangerous

trend towards rejectionism where we feel

good when we turn away 90% of our

applicants. Similar to a head of a

homeless shelter bragging that he or she

turned away nine and 10 people last

night. We are public servants, not

Hermes bags. But I do think our great

public universities are doing their

level best. You go to the University of

of Wisconsin at Madison and you see

exactly what you should see. It's not

it's not I it's not the Ritz Carlton

Carlton Madison. The buildings are a

little tired and haggarded and there's

thousands of students floating in and

out of their classes and it's a bunch of

middle class kids from Wisconsin and

Minneapolis who are not freakishly

[ __ ] remarkable. Some of them were

captain of the middle class team. Most

were not. Mo most are socially

conscious. Most have not figured out a

freshwater startup to bring potable

water to Rwanda. They're just good kids

looking for great futures. A lot of our

public universities are doing exactly

what they're supposed to be doing. And

folks, when you hear someone saying,

>> "Oh, our daughter, we're thinking that

she doesn't need education because of AI

or higher ed." That means she just got a

22 on the ACT. Higher ed has never been

more important. Critical thinking,

social responsibility, getting along

with others, relationships, getting your

heart broken, breaking other hearts. If

you are one of the one onethird of

American public that has access to

higher education, trust me on this, it

is a really solid plan B, especially if

you can go to one of our great public

universities who are continue to follow

their mission. Anyways,

>> can I put in a little plug for public

schools in general?

>> 100%.

>> My kids are both in public. They're in

public schools in Washington DC and I

have to say I feel so good about them

and they're great and they're doing

really well.

>> I went to public school kindergarten

through graduate school and the

generosity of California taxpayers and

the vision of the regent of the

University of California are literally

why I'm why I'm here with you now. And

7,000 my total tuition first off

acceptance rate at UCLA 74% was one of

the 26% that didn't get in but I

reapplied. They let me in because they

had that kind of capacity and bandwidth.

My total tuition, 5 years undergrad, two

years graduate school, $7,000. I showed

up to UCLA with a with a like a 1982

Volkswagen rabbit and $300. And I got

through all five years and all two years

of of graduate school with no money with

student jobs and $15,000 total in debt.

>> Amazing. Amazing. And now they want you

to be Andy Rooney, which you're not.

>> There you go. Anyway, um I really

appreciate that's a great one, Scott. Um

uh is that your fail? That's your win.

What's your fail?

>> That's my win. Thanks. My fail is um my

fail is Ferrari's electric car. This is

a rare misstep from one of the world's

great brands. I feel like Ferrari

announcing an EV is like Makaker Mark,

my favorite whiskey brand, announcing

it's launching bottled water. It might

make sense. It might even be profitable,

but something important just died at the

Ferrari.

>> People are bad at the Ferrari. It was

Johnny I for people to not know, right?

>> It's like text ruin [ __ ] something

else.

>> Nobody spends a half a million dollars

on a Ferrari because it's efficient.

They buy it because it makes irrational

noises that trigger a primal masculine

wonderful instinct in the male brain.

The end, the engine isn't a feature,

it's the product. and and luxury is

about scarcity, emotion, and theater.

And an electric Ferrari is becoming a

very expensive appliance. Nobody puts a

poster of an appliance on their bedroom

wall. No, nobody wants to give you a

random oral sex cuz you have a hot

appliance. Maybe a Subzero, but only if

you own the home around it. Anyways,

don't know how I got here. The challenge

The challenge isn't engineering. Every

competent automaker can build a fast EV.

The challenge is replacing

80 years of Italian heritage built

around noise, vibration, and mechanical

uh drama with software.

Them going electric is like

>> say it looks like a Honda.

>> Well, it's like it's like Rolex

launching a smart watch. It might sell,

but you've confused the source of your

value proposition. This is one of the

great brand mistakes of 2026.

>> You're right. It really even I looked at

it and I was like that's not a pretty

car and Ferrari be pretty like you know

what I mean. It was like so simple. Um

yeah I think it was a a Johnny I misstep

in that regard. Anyway um we want to

hear from you. Send us your questions

about business tech or whatever's on

your mind. Go to nymag.com/pivot

to submit a question for the show or

call 85551 pivot. Elsewhere in the Cara

and Scott universe I did a show about

sports and in this case the World Cup.

Uh this week on on with Cara Swisser I'm

talking to uh talking about the World

Cup which kicks off later this week

across the US with the US as one of its

co-hosts. The others are Canada and

Mexico. I talked to a panel of experts

including New York Times sports

correspondent Trick Pan. We talked about

the crazy ticket prices and also the

fears that ICE will ramp up enforcement

among other things. Let's listen.

>> A lot of those people will be soccer

fans will be football fans as we call

them here. They'll be coming from all

over the world. all be in the United

States hoping to go to games. I remember

last summer the US hosted the Club World

Cup and there were Brazilian teams there

for example and I talked to some fans of

Flamingo which is Brazil's most popular

team who were living in Boston. Now they

were going to go in convoy to watch the

games um last summer and at the last

minute they thought hang on this might

not be a good idea. We don't want to be

so visible driving in this big convoy of

Brazilians to this soccer match. It

>> was really good. And guess who asked the

question? Scott Galloway. He love your

question. You'll like the answer, Scott.

I appreciate it.

>> Yeah, but you talking about sports is

like Greta Thmberg reviewing steakouses.

I just

>> I mean,

>> it's a good It's a good You know, they I

let them talk. I just ask questions.

>> It's like a cat breaking down the

Westminster dog show. It just

>> I tried the universe almost producers

love soccer.

>> It's like it's like RFK talking about

vaccines. It's literally the the world

came off its axis.

>> I tried. I think I did a good job. I

did. I can't do it again for a while.

>> I think it would be easier for a nun to

review Only Fans. I just

>> Anyway, you helped me a great deal and

gave a good answer. Right. You called me

and you said you said you have to do me

a solid. And I thought it was going to

be something big and you're like I'm