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Mark Cuban: Love/Hate Relationship with Trump, Why He's Backing Kamala Harris

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Mark Cuban: Love/Hate Relationship with Trump, Why He's Backing Kamala Harris

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3376 segments

0:00

all right everybody Welcome to the

0:01

number one podcast in the world here we

0:04

are on the all-in podcast we have a

0:06

fifth bestie with us today joining David

0:09

freeberg choth P hoaa David Saks and

0:11

myself is the one and the only Mark

0:14

cubin how you doing buddy what's up guys

0:16

I'm doing great thanks for having me on

0:18

of course of course and you here thank

0:20

you I've been practicing my virtue

0:21

signaling so I'm ready ready to go all

0:24

right go I think we're going to have

0:25

Twice The Virtue signaling as normal in

0:28

this episode

0:30

promise you I don't virtue signal I'll

0:32

say you to

0:35

anybody let your winners

0:37

ride rman

0:42

David and instead we open sources to the

0:45

fans and they've just G

0:46

[Music]

0:50

crazy you have gotten very vocal about

0:53

politics during this cycle uhhuh and you

0:56

seem to be I don't know if it's official

0:59

you know speaking on half of the comma

1:02

ticket so why why are you this active

1:05

what what is the um reason that you've

1:07

decided to get this active during this

1:09

election I'm proud to be an

1:14

American that's exactly why I mean you

1:17

know we all make choices and think

1:18

what's best for the country and show our

1:19

patriotism in different ways and you

1:21

know I'm not a Democrat I'm not a

1:23

republican I'm an independent through

1:25

and through oh my God like jcal he's an

1:26

independent

1:28

too is it that all the Democrats are

1:31

afraid to call themselves Democrats well

1:34

look I've said this many many times if

1:36

if it wasn't Donald Trump running it was

1:38

a non-m Maga candidate particularly if

1:40

it was Joe Biden still I'd vote

1:41

Republican I've voted Republican before

1:43

if it was a non-m magaga candidate

1:45

versus KLA Harris it would be you know

1:47

let's look at the policies let's look at

1:49

the character of the people involved and

1:50

let's make a decision it's it's just

1:52

Donald Trump is not a republican

1:54

Republicans are Donald Trump you know

1:56

the Republican party is now the family

1:58

business for Donald Trump and to me I

2:01

just think KLA Harris is a better choice

2:03

for the

2:04

country on a percentage basis how often

2:06

have you voted just a level set Democrat

2:08

versus Republican would you say out of

2:10

10 elections presidential probably I

2:12

voted for George W twice then I voted

2:15

for um Obama twice and then I voted for

2:20

um Clinton and Biden but before that I

2:22

voted for um Ros proo Jr my first vote

2:25

was for a guy named um something um John

2:29

Anderson so I mean I literally worked on

2:31

Ros Pro Jr's campaign way back when tell

2:34

us about that that's fascinating he got

2:36

19% of the vote as an independent

2:39

candidate yeah I was living out in LA

2:41

and this was 92 and this is when

2:43

computers were relatively new I sold my

2:45

company and I was taking acting classes

2:48

and just living by Manhattan Beach and

2:50

just loving life and you know being from

2:52

Texas I knew people there and they were

2:54

like look we need somebody who

2:55

understands PCS and computers and

2:57

software can you help us and I was like

2:59

definitely um I mean I wasn't to the

3:01

point where I was involved in his

3:03

decisions but I actually had met him um

3:07

my first company was a company called

3:08

micr Solutions where we did systems

3:10

Integrations local and white area

3:11

network I wrote software for you know

3:13

single multi-user app white area Network

3:15

apps and we literally helped Pro systems

3:19

um get into local and wide area

3:21

networking and so you know one of my

3:23

favorite stories from back then is you

3:25

know I'm terrified I'm a 26y old kid I'm

3:28

in Dallas I'm going into Pro systems I

3:30

get to meet Ross pero Senor the man

3:32

right and I'm walking through him and

3:34

he's got the original the the model for

3:36

the um no he had the original Magna

3:39

Carta one of like the 13 Magna cartas

3:41

and he had the original um model for the

3:44

eima um statue right with the flag up

3:47

and everything and I'm just terrified

3:48

I'm going to trip and just wipe out

3:50

American history and I walk up to him

3:52

and I said hi Mr

3:58

Cuban and reverse that yeah you know I

4:02

was so nervous um and he like had made

4:04

fun of it and you know got to be friends

4:07

and did a lot of business helped those

4:08

guys a lot I made them a lot of money

4:10

they made me a lot of money did you have

4:12

any more interactions with them when you

4:13

were on the campaign did you get a sense

4:15

of no did not no I was just a little

4:17

plea just trying to do little pley stuff

4:19

in La I didn't know that you took acting

4:21

classes that's interesting did you want

4:22

to be an actor or before a businessman

4:24

or what no no no this was after I sold

4:26

micro Solutions I bought a lifetime pass

4:28

on American Airlines mov to La got a

4:30

place right in Manhattan Beach um right

4:32

on the beach get two flight attendants

4:34

as roommates and I was just loving life

4:37

and I was like how else can I meet women

4:40

I'm gonna take acting classes and it was

4:42

like one of the best things I've one of

4:44

the best things I've ever done because

4:46

you know being a business guy you it's

4:47

always right brain right brain right

4:49

brain and acting it's like don't think

4:51

just be don't think just be just let it

4:53

go so it was a totally different

4:55

experience and that's why you see me do

4:56

all these cameos and stuff um because I

4:58

like to do it because it's the one place

5:00

where you just have to completely let go

5:02

and it's a completely different approach

5:04

to life so you know little backstory

5:07

yeah yeah you got a good character arc

5:08

on Entourage I think that was probably

5:10

the best one seven episodes plus the

5:12

movie yeah yeah yeah yeah that that was

5:14

uh pretty memorable so uh saak lead us

5:17

off here I don't know if you've been

5:19

following Mark cubin on social media at

5:21

all or if you guys interact I can't

5:23

resist asking so is your um is your

5:26

acting as a surrogate for kamla is that

5:28

acting too or

5:33

when they go Li when they go low we go

5:36

high no no at no obviously I truly

5:38

believe in it and look it's always

5:39

relative it's always relative to the

5:41

other candidate um and so obviously as

5:44

you guys know I'm not a big fan of

5:45

Donald Trump I gave a shot eight years

5:48

ago didn't work out okay wait wait could

5:49

we can we get into this because I you

5:51

obviously have like a LoveHate

5:53

relationship with Trump going back 20

5:54

something years so yeah let's just go

5:57

through the the um the timeline here

5:59

here I'm just all I don't hate the guy

6:01

at all if he was running for president

6:03

and we all got together and you know

6:06

just shot the like we are now he's

6:08

a blast he's fun to talk to you know

6:10

he's got Charisma he's got personality

6:12

he's easy to like I mean you know he's

6:14

used to SM smoing he's a he's one of the

6:16

world's best schmoozers and so he's easy

6:19

to get along with it's not personal but

6:21

that doesn't mean like you guys with

6:23

each other it doesn't mean you can't you

6:25

know as different things happen over

6:26

time you can't go back and forth and you

6:29

know he did this same thing so the whole

6:31

history of it was back um right when um

6:35

we went public at broadcast.com no right

6:38

after we announced the sale in 2000 um

6:41

was it 2000 yeah after we announced the

6:43

sale in January 2000 he threw a Super

6:46

Bowl party at marago and one of my

6:49

buddies um who um knew him invited me

6:54

and I was like cool I'll go Mar lagogo I

6:57

hadn't seen it Donald Trump maybe I'll

6:58

meet him and so you know you guys have

7:01

seen marago and beautiful po beautiful

7:04

view there's a veranda up there and he

7:06

had like a bunch of um Hooters and um

7:10

what's the suntan lotion that always had

7:12

girls whatever oh Tropicana Tropic no

7:16

but Sun Tropic Sun one of those right

7:19

and so they were all dressed in Orange

7:21

and they were walking around and it was

7:22

just like a big deal and it was funny as

7:25

hell and so not that that's a bad thing

7:27

it was actually kind of entertaining and

7:29

um

7:30

so he comes up to me and I'm with the um

7:32

VP of Visa my buddy and Jerry Yang I

7:36

think it was maybe it wasn't Jerry but

7:38

um co-founder of Yahoo yeah co-founder

7:40

of Yahoo and um he was like Hey guys

7:44

nice to meet you and I'm like hey I'm

7:45

Mark Donald da d da and just you know

7:48

not to be mean just in a flipping way he

7:50

was like Hey someday you'll be able to

7:53

sit up there with the rich people

7:54

pointing to the veranda and walked away

7:56

and I'm like okay fine you know ever and

8:00

so um then um not long after that

8:03

through my friend he got back in touch

8:05

with me and you know this is the early

8:07

days of the internet early 2000s and um

8:11

still I guess still 2000 and um I get an

8:14

invitation to go to um his office in

8:17

Trump Towers and I'm like this is cool

8:19

of course and you know he wants to talk

8:21

to me about business and I'm like you

8:23

know what Donald I'll help you all I can

8:25

he you know he's getting donaldtrump.com

8:27

and he wants to sell chachis a

8:30

merchandise I guess some things never

8:31

change um and so you know so I'm in

8:34

there trying to tell them about what you

8:36

can and can't sell online and what works

8:38

and that was all fine and good met aanka

8:40

it was all really cool but the one thing

8:42

that left with me if you've ever been or

8:44

seen pictures of his office every inch

8:46

of his office is covered with pictures

8:48

of him every single inch of the office

8:53

meeting celebrities right stuff like

8:55

that yeah yeah or you know whatever um

8:57

covers he was on and just whatever right

8:59

and I just remember walking through

9:01

there and afterwards you know it was it

9:03

was a nice meeting and we had some

9:04

follow-up calls and everything but it

9:06

never went anywhere in terms of the

9:07

online stuff but I just remember

9:09

thinking to myself if I ever become you

9:11

know visible or famous you know to that

9:14

level don't let me get so caught up in

9:17

just having pictures of myself and you

9:19

know I'd had conversations with my

9:20

buddies about it just like you know you

9:22

guys would and so then in

9:26

2004 um I got a chance to do a show

9:29

called the benefactor ABC called me and

9:31

said okay wait let's show this we have

9:33

this uh this was got tweeted so so so

9:36

this is after we got you did Oppo

9:38

research saxs you got Oppo research this

9:41

is on Twitter this all on people Tred to

9:44

with me on on Twitter they so so anyway

9:47

so when I got the gig um he was like

9:49

congratulations good luck and everything

9:51

I was like thank you and whatever and

9:54

then when I got cancelled he sent me

9:55

that letter basically saying you suck

9:57

and so well he was he was dancing on the

9:59

grave of your show but so you're saying

10:01

you didn't have beef with him before

10:03

that letter no yeah it was not a beef

10:06

but it was just like that's what it was

10:08

and so it was just like okay whatever

10:12

and um okay but then when he ran in 2016

10:15

you were supportive can we show that

10:17

let's show the there's more between

10:18

there's more in between there's a lot

10:19

more in between okay okay so that's 2004

10:23

2007 um Eric reaches out to me and goes

10:26

hey there's no hard feelings with my dad

10:28

or anything I'm like no I don't care he

10:30

goes we're working with um these Russian

10:32

MMA fighters this guy named Fedor emili

10:35

Yenko who was like one of the best ever

10:37

at that point in time and Josh Barrett

10:39

and kind of the irony of all this is we

10:41

were competing with Dana Dana White and

10:43

the UFC in some respects because a lot

10:46

of Fighters felt like they weren't

10:48

getting paid enough there was no Health

10:49

Care there was no nothing right and so I

10:51

had a TV network we had started the

10:53

first all highdefinition TV network

10:55

called hdnet back in 2000 back when TVs

10:58

cost 20 ,000 and everybody thought we

11:01

were idiots but slowly but surely it was

11:03

taking off and so they came to me and

11:05

said we like to put um we're partnering

11:07

with these guys who are putting on this

11:09

MMA fight um with Fedor and Josh Barrett

11:13

and some other folks and we'd like to

11:14

broadcast it on on hdnet because we had

11:17

a show called um this week in MMA so we

11:20

were promoting we had fights that we

11:21

were already putting on every Friday

11:23

night so it actually was a good fit so

11:25

you'll see pictures of me sitting with

11:27

them and actually and I couldn't find it

11:29

I so pissed because I was going to with

11:30

him some more um what he said in the you

11:33

know during the time we were sitting at

11:35

that Podium was everything Mark hban

11:37

touches turns to gold and so I was like

11:40

that would have been so great to to have

11:41

out there and so and anyway so we were

11:43

friends again and so it's 2007 and we're

11:46

friends and nothing happens between then

11:49

until whenever he started going crazy on

11:51

Twitter and um all the Obama stuff and

11:54

everything and the birth certificate and

11:56

the birth birth stuff so he's on Twitter

11:59

and he started with me like saying that

12:03

so let me just preface this by saying I

12:06

golfed once in my life in 1989 and I

12:08

hated it so bad I was throwing clubs

12:10

because I'm one of those really super

12:11

competitive guys I'm like never again

12:14

but I went and worked um I auctioned off

12:17

myself to be a caddy at a golf

12:19

tournament that he also was at but he

12:21

starts tweeting that I saw Mark cubin

12:23

and he swings like your girl and this

12:24

and that it swings like your girl like

12:27

nobody saw me swing because I don't Golf

12:29

and so I started back with him and so we

12:32

went back and forth on Twitter for years

12:35

for years and then he comes down to um

12:37

escalator in 2015 and I'm like all right

12:40

this guy's got no chance to win um but I

12:43

think it's great because I don't like

12:45

traditional politicians I'm not you know

12:47

there's nothing about me that thinks

12:49

that the way we do politics or the way

12:52

the government is run is a good thing

12:54

not at all I mean I my heart is

12:56

libertarian but I realize you can't Li

12:59

Arians are not problem solvers they're

13:00

ideologues you know like you look at

13:02

Rand Paul everything's only one way he

13:04

doesn't try to solve problems so anyways

13:06

um I digress so he comes down the I'm

13:09

like that's cool right he doesn't have a

13:10

chance to win but um I'm like he's the

13:12

best thing ever you know you know how

13:14

you know I forget where I was but I was

13:16

like he's the best thing that ever

13:17

happened to politics he's not a

13:19

politician he's not going to be a stepf

13:21

candidate I may not agree with his

13:23

positions but you know just the fact

13:25

that he's not a politician is a good

13:27

thing and so from there he called me and

13:29

we talked a lot probably 10 to 15 times

13:32

on the phone he would call me you know

13:34

and he tweeted one time mark cubin would

13:36

try to call I never had a number there

13:38

was no way for me to call him right he

13:40

would you know and you know the way he

13:41

emails he refuses to send an email

13:43

because he doesn't want any proof of

13:45

anything he's done right and so you know

13:48

he would write it up like you had one of

13:50

those pictures so bring up the one on

13:52

the CNN where he says what happened so

13:53

right there CNN nasty what happened see

13:56

see what he does there his email he

13:57

writes on a piece of paper and then

13:59

scans it and sends it as an image via

14:01

email and so what happened just so just

14:04

so the audience can understand so the

14:06

the email is from you to him saying tell

14:08

the boss I said congrats on his sweep

14:11

and then and then his assistant printed

14:13

it out and then wrote back to you and

14:15

like this is one of many emails that we

14:17

went back and forth on this there but

14:19

just to be just as a weird point he

14:22

literally prints out his emails writes

14:24

on them has them scanned in and sent as

14:27

an image to you Mark wow saw you on CNN

14:30

nasty how did he send this to you he he

14:32

mailed this to you or or what he mailed

14:34

it an image he doesn't use email I mean

14:36

the guy emailed it back right so he

14:39

writes on the piece system prints it out

14:41

he reads it he writes on it she scans it

14:44

she scans the sends the image to me now

14:46

the big question there you can't just

14:48

let that slide why do you think he does

14:49

that he's just a different generation at

14:52

least that's my interpretation no

14:53

absolutely not nope I'm with Mark he

14:56

don't want Paper Trails or anything he's

14:58

doing Shady stuff man I I think you're

15:00

reaching there obviously there's a paper

15:02

trail if he writes hold on if he writes

15:05

it on a piece of paper hold on if I

15:07

write right now on a Post-It notes scan

15:08

an email to you there's a paper trail no

15:11

no you can't search for it and it's not

15:14

his you know yes to your point he I'm

15:17

just telling you he won't send emails at

15:19

all he doesn't want any assistant

15:20

created an electronic record what's the

15:23

difference you have to ask him on that

15:25

but he said generational thing this is

15:27

my interpretation I think it's a

15:28

generation David he has literally said

15:30

it out loud that he doesn't want a paper

15:31

trip but anyway so let's go back so so

15:34

now we're talking back and forth and

15:35

we're having legit conversations I

15:37

remember asking him you know you realize

15:39

as president you're going to have to

15:40

make decisions where people can die and

15:43

he really wouldn't respond yeah I get it

15:45

I get it I'm like Donald you don't have

15:46

a ground game what are you g to do how

15:48

are you going to get through this beat

15:49

him yeah I got the evangelicals doing

15:51

all that I'm not worried about it I'm

15:53

like Donald you know and we would I

15:55

would bring up things about there was

15:56

this one thing where um

15:59

the FBI used used this device to break

16:02

into an iPhone and there was a big thing

16:05

about you know privacy and I tried to

16:08

engage him on a conversation on it and

16:11

it's just like I don't know I you know

16:13

just didn't want to talk about that at

16:15

all and that would that would happen

16:16

multiple times where I would try to

16:18

engage in conversations about some some

16:21

type of policy and there just it never

16:24

got anywhere and there was never a

16:26

conversation and I said to him I'm say

16:28

there's another email where I said

16:29

Donald at some point you have to learn

16:31

these things you literally have to learn

16:33

these things in order to be president

16:35

and he didn't respond to that and that's

16:37

when I went on CNN and I said basically

16:39

look I like the guy but he he's not

16:41

learning he doesn't make any effort to

16:43

learn anything and I think that can

16:45

carries on till this day because you

16:46

can't look at things he says and say

16:49

that's really an in-depth response or

16:50

that's a nuanced response and so that's

16:53

what I said on CNN and that led to the

16:56

um image that you you guys posted so

16:58

that was the falling out that was the

17:00

falling out yeah or maybe but it wasn't

17:03

a complete fall if you want me to

17:04

continue so it's not a complete falling

17:06

out because okay after that he gets

17:08

elected I send him a congratulatory

17:10

message um and I say congrats you know

17:13

um you know if I can ever help I'm happy

17:15

to and so when they were starting to

17:18

look at replacing the ACA I was starting

17:22

to get into Healthcare and and being in

17:24

excited about Healthcare and so they

17:26

invited me to the White House and I

17:27

spoke to Jared I spoke to this woman

17:29

named Brooke Rollins I think her name is

17:31

um and I spoke to a whole group of

17:33

people I went to CMS and I spoke to the

17:36

head of the agency I spoke to the head

17:38

of CMS all talking about this thing I

17:40

created called the 10 plan which is a

17:42

means tested ability to support anyways

17:45

um and so they brought me back in and

17:47

then when the pandemic hit I sent them

17:49

some ideas on you know backstopping um

17:53

bank accounts and credit card accounts

17:55

so everybody doesn't just default and he

17:57

had manin call me and then when they had

17:59

with the pandemic he connected we with

18:01

with Peter Navaro and I worked with him

18:03

and actually found a company here in

18:06

actually outside of Fort Worth that um I

18:09

put together with them and I helped that

18:10

company increase their output and Peter

18:12

Navaro worked with them closely and we

18:14

you know really made a dent in all the

18:16

PPE issues and you know he invited me to

18:19

the White House and then I went to the

18:20

White House one time went into the

18:22

overal office and there's pictures of me

18:23

talking and again I tried to explain the

18:25

healthc care stuff he just wasn't having

18:28

any type of in-depth conversation he

18:30

wanted to tell me about how much money

18:31

he saved on um on from Boeing you know

18:34

how many billions and this and that and

18:35

then it was a short conversation and

18:37

then I was leaving he goes look are you

18:39

still on that show and he goes I'm like

18:41

yeah Shark Tank he goes yeah that's

18:42

Baron's favorite show and then as I'm

18:44

leaving further he goes wait a minute I

18:46

really like that suit so you know and

18:48

and you know he's called me since um not

18:51

since he left the White House but you

18:53

know in the you know later in his tenure

18:55

at the White House and invited me to

18:57

dinner I mean and so it's not like we

18:59

left as foes and it's not like I don't

19:02

like him I just don't think he's the

19:04

best person to be president I don't

19:05

think he was a good let's just TR test

19:07

that what how would you think about the

19:10

four years that he was president in

19:12

hindsight what what would you say was

19:14

done well what would you say was done

19:17

poorly just those two things I think the

19:20

way he dealt with the zit isn't the

19:25

right word just the vibe of the country

19:28

was really really really bad I think the

19:32

hate that he conveyed I think the fact

19:35

that what he tweeted negatively you know

19:37

so companies didn't know what was coming

19:39

next you know he tweeted negatively

19:41

about me he tweeted negatively about

19:43

other people I thought that was a real

19:45

bad thing when the BLM um protest

19:48

happened and turned into riots when they

19:50

went into Minnesota he was like when the

19:53

Looting when the Looting starts the

19:54

shooting starts who the says that as a

19:57

president and so we had more people die

20:00

during riots during his term than than

20:03

Biden by a long shot and I think he

20:05

misrepresented where he stood in terms

20:07

of being anti-war if you go back to

20:10

2019 um and look at the war in Yemen um

20:14

there were hundreds at least 100,00

20:16

people plus died and there was a

20:18

bipartisan resolution to say we're not

20:21

selling any more to the Saudis we're not

20:23

selling any more weapons to the Saudis

20:25

and a bipartisan resolution including

20:27

Mark Meadows and ran Paul and others

20:30

said you know passed it and it went to

20:32

his desk and he said we're still going

20:34

to sell these um Munitions and this um

20:38

these weapons to Saudi Arabia even

20:40

though these people continue to die so

20:42

when we talk about it's you know it's

20:43

not all that much different than Ukraine

20:46

and in some respects only Saudi Arabia

20:48

got the Glen Gary leads and Ukraine got

20:50

our old stuff and we replaced it and so

20:53

when he Tod comes out now and says look

20:56

you know I'm against all wars were no

20:59

Wars that's right the

21:00

mainstream media well okay so there's

21:03

two things there so just just on the

21:05

2020 riots I don't know how you blame

21:07

Trump for the BLM Riots of Summer of I

21:11

blame him for the riots what I said was

21:12

how he dealt with it I get you don't

21:14

like the Mean Tweets I get I totally get

21:16

me twe no don't diminish it David don't

21:18

diminish it as just mean tweets people

21:20

pay attention to what happens and when

21:22

you are have people whose lives are I

21:24

think it's far worse to actually have

21:26

riots going on in the streets that's

21:27

what needed to be controlled how many

21:29

people he wanted to hold on he wanted to

21:31

send in the National Guard to Minnesota

21:32

it was actually Waltz who rejected the

21:34

National Guard he had no problem and

21:36

there were plenty of ties between oh

21:38

there were plenty of ties between

21:39

Democratic activists and the BLM

21:42

organizers of those riots Time Magazine

21:45

did story on that I'm not saying he's at

21:47

fault that the riots happened I just

21:49

yeah but I can't believe they using the

21:50

the riots throughout the summer of 2020

21:52

as an argument against Trump when it was

21:54

the left no I think what he's saying is

21:55

the leadership that he shows is of low

21:57

moral character

22:00

did he do anything right Mark well I'm

22:02

not done with the wrong stuff okay but

22:03

wait there's more right let's go back to

22:06

the the the foreign policy for a second

22:08

Trump is correct that he did not start

22:10

any new wars during his presidency you

22:12

agree with that right

22:15

um that no new war started or he didn't

22:18

start any um he didn't start any he was

22:21

like the first president in 20 years not

22:22

to start a new war well he inherited

22:24

some for sure and he inherited Syria and

22:26

Afghanistan and he wanted to get out and

22:28

the generals didn't let him and there

22:30

wasn't really a war that happened in

22:31

turkey and then when we got shut down um

22:35

he didn't know there wasn't really a war

22:37

I'll agree with that he didn't his

22:38

argument is that he did not start any

22:40

new Wars has Biden started Edy well I

22:43

would argue that Biden provoked the

22:45

proxy war in Ukraine yes I mean you can

22:47

disagree whether he provoked or not but

22:49

there's no question the US has been

22:50

deeply involved in a war with Russia in

22:53

Ukraine and I'm saying what I'm saying

22:54

is the correlat that the analogy to that

22:57

is what happened in yen and that we had

22:59

a chance to get out of Yemen and reduce

23:01

the deaths in Yemen much like they're

23:03

talking about getting us out of the out

23:05

of Ukraine now and we had the

23:07

opportunity to stop selling um weapons

23:10

but he looked the best I could tell he

23:12

looked at it as a sales opportunity to

23:14

sell to MBS all these weapons and he

23:16

thought that was a positive so a lot of

23:19

people died and we're still in there

23:20

today so it's not he had a chance to get

23:22

us out and he did not so I'm not arguing

23:25

that he's perfect and Biden's perfect

23:27

and it's tit for T it just is what it is

23:30

I'm just saying State making this

23:32

statement of fact you know and that's it

23:34

yeah okay well look we did we did

23:35

support we did support the Saudis in

23:37

their war with with with Yemen so wait

23:39

let me give you the one last thing and

23:40

then we'll yeah keep going so then I'll

23:42

go to some positives so the the next

23:44

thing you can actually Trace that y War

23:48

I I can't say you actually I'm I'm a

23:50

little bit hyperbole but I can trace

23:52

that from that Yan War to the start of

23:55

inflation and here's how I explain that

23:58

and so in Yen he did a deal with for his

24:00

boy in Saudi Arabia and sent them all

24:03

the weapons in 2019 fast forward one

24:06

year and you're in May uh no AP April

24:12

let's say of

24:13

2020 and you're looking at the price of

24:16

gas the lowest it's ever been the price

24:18

of oil just collapsing at one point

24:21

people were paying you to take their oil

24:24

and so there was an opportunity he made

24:26

a decision because there was a situ

24:28

ation that came up the oil companies

24:30

came in and said this price of oil being

24:33

so low is killing us right we're losing

24:36

a lot of money we anticipate losing more

24:39

because with the pandemic now starting

24:41

demand is dropping like a rock and so he

24:45

and that was coming from the oil

24:46

companies and so what he did he said

24:49

okay MBS owes me a favor over in Saudi

24:52

Arabia that's the connection and Putin's

24:55

my boy I'm going to go to them and ask

24:58

them to reduce

25:01

production now what happens to the price

25:03

of gas when the largest producers of um

25:07

largest producers of oil and

25:10

energy decrease their

25:13

production the price starts going up and

25:15

up and up and so you can track the

25:18

increase in the price of gas and how

25:20

that impacted the price of goods the

25:22

entire time that the production from the

25:26

10% reduction until the they increase it

25:29

like 300,000 barrels a day for two years

25:32

what is your argument here you're saying

25:33

that Som Trump caused the inflation yes

25:36

and I'm I'm explaining to you I'm again

25:38

the mainstream media first all by the

25:39

way the the war in Yemen started on

25:41

March 26 2015 according to chat GPT

25:44

which is under Obama no I started under

25:47

Obama that's fine but he had a chance he

25:48

was asked to end it by Congress he was

25:52

at he we were sending he was selling

25:54

$660 billion I I don't know the number I

25:57

I can't remember exactly in weapons to

25:59

Saudi Arabia and he there was how did

26:02

the fact that we had 9% inflation in

26:05

2022 so two years after Trump office

26:08

glad how in the world is Trump

26:10

responsible for that and not Biden Harr

26:11

so glad you asked that because the

26:13

mainstream media never talks about this

26:14

stuff and so she a little dig there so

26:19

Trump goes in and says we're going to

26:21

cut the production by 10% demand is

26:25

still relatively low but you know in

26:27

April May June as people start venturing

26:30

outside their house until the end of

26:32

2020 the end of his term that there's an

26:35

increase in demand but the increase in

26:37

demand the increase in production

26:39

doesn't match the increase in demand

26:41

they limited as part of this deal that

26:43

Trump put together between um um Russia

26:46

and um Saudi Arabia and um that led to

26:50

other people in OPEC plus um

26:53

participating they only increased the

26:55

the production of oil by 300,000 barrels

26:59

a day which didn't keep up with the

27:02

amount of demand that was happening that

27:04

started increasing the price of gas that

27:07

price of gas continued to increase for

27:10

the two years this program was in place

27:12

this program wasn't like let's just cut

27:14

it for 60 days and go back at it it

27:16

wasn't let's just do this for 90 days

27:18

let's just do this during the Trump

27:20

Administration no no no no no this deal

27:23

went before they got it took two years

27:25

before they got back to pre-pandemic

27:26

levels of produ ction and so listen to

27:30

what Trump says about drill baby drill

27:32

why does he say drill baby drill will

27:34

lead to lower costs because oil and

27:37

energy costs are part of everything and

27:40

you know what matches up perfectly what

27:43

matches up perfectly is that 99.1% in

27:47

2022 and the day that that agreement

27:50

ended where MBS and Russia limited

27:54

production that agreement ended it like

27:57

this if you did your little V diagram

27:59

that like and increase production

28:01

decrease production

28:03

bam that is the answer to your question

28:06

so just to summarize what you the

28:08

argument that you don't like about him

28:09

is you got to know him like many people

28:11

do you worked with him on projects and

28:14

like Pence bar Matas Tillerson Bill bar

28:18

and Mike Cohen and the mooch Omarosa you

28:22

realized this person is out for

28:24

themselves they don't care about the

28:25

people they work with and you fell out

28:27

of friendship with him or whatever

28:29

there's a long list of people who don't

28:31

who worked with him who think he's an

28:32

idiot and don't like him now you're on

28:35

that list yeah I mean I don't think he's

28:36

an idiot I'm not saying that's my

28:38

position I'm just summarizing it look I

28:40

don't think he's an ID not your position

28:41

no I haven't work with him he's one of

28:43

the greatest salespeople ever he's one

28:46

of the greatest you know um motivators

28:48

in terms of crowd motivation ever but

28:52

can Ro J he's Roy con Jr that is who he

28:56

is if you read books about Cohen

28:59

everything Roy Cohen says to do tracing

29:01

back to the McCarthy hearings in 54

29:03

everything Ro Roy Cohen says to do that

29:05

is exactly what Donald Trump does I just

29:08

want I just want to paint this thing and

29:09

then i' I'd like to hear the glass half

29:12

full version to the extent you have one

29:13

but basically I just I just want to

29:15

understand so my understanding was in

29:18

2020 what happened was not that Saudi

29:21

Arabia and Russia were cooperating to

29:23

cut prices but they got into a fight

29:26

because it wasn't really it wasn't

29:28

really Saudi but it was OPEC which

29:30

includes us and which versus Russia and

29:35

we initiated against them which they

29:38

counteracted a price War they they

29:41

initiate against so Saudi Arabia

29:43

initiated against Russia but what but

29:45

what I'm so what I'm trying to

29:47

understand is there's a war in Yemen

29:49

right we don't stop the armaments of

29:53

Saudi and I guess what you're saying is

29:57

that then

29:59

triggered an OPEC no no what sayings o

30:04

Trump

30:05

won MBS owed Trump one so MBS starts the

30:09

price war with Russia one year later and

30:13

the oil companies come to Donald and say

30:16

look we're getting destroyed demand is

30:18

dropping they've increased because of

30:19

this price war between um Saudi Arabia

30:22

and Russia Saudi Arabia decides to take

30:24

it to Putin and increases their

30:26

production significantly so in order to

30:28

keep their revenues up Russia's got to

30:30

do the same thing meanwhile all the all

30:33

the demand is dropping because of the

30:36

pandemic and so Donald gets asked by the

30:40

insurance comp the um oil companies to

30:43

go to MBS and to Putin and say we need

30:47

to stop this price War we need to reduce

30:50

production and to his credit if if you

30:52

think that's a positive to Trump's

30:54

credit he did it and so by reducing

30:58

production over a plan of two years and

31:01

you can go look at the production

31:02

numbers right and when that sto by doing

31:06

that that increased the price of gas the

31:08

price of oil the price of energy and

31:10

that was bad for American consumers who

31:12

utilize gas who you know paid pay for

31:15

gas for their cars really bad for him

31:17

but he decided to work with his Oil

31:19

Company buddies and protect them you can

31:22

say that's a good decision or bad

31:24

decision maybe it's strategic we really

31:26

he really felt they could go out of

31:27

business and he wasn't willing to give

31:29

them money to help them but the bottom

31:32

line was that that matches up exactly to

31:37

that 99.1% that David Sachs mentions it

31:40

also menes up matches up to okay does he

31:45

fully support the oil companies over the

31:47

price of gas and will that influence

31:50

what he will do as president again so

31:53

when he says I'll just get out of

31:55

Ukraine depends on who's making the

31:58

money and where it is when he says I'm

32:00

going to get people to drill baby drill

32:02

okay well we already learned a lesson

32:04

wait wait wait wait sorry okay so look

32:06

this is very hard to hold on a second

32:08

this is very hard to fact check in real

32:10

time because I've never heard this

32:11

Theory

32:12

before have a theory on the Pod

32:16

lete has a question yet so let mey the

32:19

point the point is that you know this is

32:22

like totally novel I don't even think

32:23

I've heard you make this theory on X

32:25

before I was waiting okay you're

32:28

Dro hasn't been able to get involved

32:31

let's have free going to let him

32:33

basically site this nonsense and I don't

32:34

get to interrogate it a little nonsense

32:36

David you no no but I just wanted to

32:38

include freeberg in the discussion 40

32:40

minutes ask question let me ask question

32:43

go chat GPT go Google it go look it up

32:45

however you want okay what about the

32:47

fact that Biden's first day in office he

32:49

cancels the Keystone Pipeline and a

32:51

bunch of leases he makes it harder to

32:54

drill in the United States so he reduces

32:57

the ability for for domestic producers

32:59

to produce you don't think that that

33:01

would have an impact yeah but it wasn't

33:03

on the price it wasn't on the price of

33:06

gas because it's the price of gas is a

33:09

global phenomenon right the price of oil

33:11

rather is a global phenomenon it's we we

33:13

are the largest producer of energy in

33:15

the world but we're still only about

33:17

133% I think it is don't quote me on

33:19

that but that's that's a range and so

33:21

the other 87% has more of an impact and

33:24

even to that there was still an

33:26

unlimited amount of drilling available

33:28

on public lands and leases available

33:31

that weren't fully used now that said I

33:33

think Biden did mistakes did make

33:36

mistakes wait okay guys hold on let

33:38

let's just finish one thing before the

33:40

other I would just like an answer of

33:42

what is the good and the bad of Donald

33:44

Trump and then what I was gonna ask you

33:45

is what was the good and the bad of

33:47

Biden I just want

33:48

those ansers guys just just just give me

33:51

one sec can I just ask make one comment

33:54

I've been here for like 40 minutes um

33:56

yeah trying to get you in I want to

33:58

respond to the inflation point mark I

34:00

you know I just shared two images first

34:01

was the US crude oil production chart

34:04

and more than half of this oil is

34:06

exported so you can see the the

34:09

reduction in production but the the

34:11

domestic oil

34:13

production

34:14

capacity remained High relative to our

34:18

consumption so us consumption if oil was

34:21

the biggest driver it really would have

34:23

affected the profits of the exporting

34:25

companies not necessarily the cost of

34:27

energy

34:28

domestically I will however point out

34:30

that the federal balance sheet the

34:32

Federal Reserves balance sheet swelled

34:34

during from4 trillion to8

34:37

trillion as we all know there was

34:40

significant fiscal stimulus meaning the

34:43

federal the federal government bought

34:45

the only Char David I didn't say it was

34:46

the only cause I didn't say it exclusive

34:49

CA well I would argue that flooding the

34:51

world with dollars which is what the

34:53

Federal Reserve did because they bought

34:55

up all the bonds as the federal

34:56

government started to issue money in

34:58

lots of different ways cause the supply

35:00

of dollars to go up which causes the

35:02

cost of anything that's dollar

35:03

denominated to grow up and I think many

35:05

economists would argue and make the case

35:07

that the fiscal policy and the monetary

35:09

policy of the federal government and the

35:10

Federal Reserve is largely to account

35:14

and I'm not going to use the word blame

35:15

but to account for the inflation we saw

35:17

in the cost of everything from energy to

35:20

production to labor to assets and so

35:23

they're not mutually exclusive they're

35:25

not mutually exclusive they're not but

35:26

there was also sign ific as we can all

35:29

acknowledge massive in a dynamical

35:31

system Global Supply chains are a

35:34

dynamical system stuff is made in one

35:35

place move to another place when one

35:37

thing breaks or it slows down it all

35:40

breaks and we had a massive shortfall

35:43

ability to move Goods around the world

35:45

and that was the biggest driver of the

35:47

inflationary effects that we saw in the

35:48

I agree 100% but even if you go back to

35:50

those the first two charts you put up it

35:52

matches up with exactly what I said

35:54

production went down demand went up and

35:57

the net result was that price of gas

36:00

went up and price of gas is in

36:02

everything is it the only but no but

36:05

production went down in everything Not

36:07

Just Energy but everything and not

36:09

because of energy but because of a lot

36:10

of other reasons and then and then and

36:13

then we had a whiplash problem where we

36:14

had over demand relative to the Natural

36:17

and none of the production systems could

36:18

keep up with demand because of the fisal

36:20

stimulus I agree 100% with you all I'm

36:23

saying you can try trace it back to

36:26

maybe it's 1% of the price maybe it's 3%

36:28

of the price maybe whatever the

36:30

percentage is I'm not saying it's

36:32

exclusive but you can trace it back to

36:34

the decision being made to support the

36:36

energy companies and say we are going to

36:39

reduce production rather than just

36:40

letting the market play out and saying

36:42

we'll let gas prices stay as low as they

36:44

are based off of supply and demand now

36:47

are do I agree with you that supply

36:49

chain disruption transitory yes of

36:52

course and fiscal and monetary policy

36:54

like stimulating the world economy by

36:57

pouring a t of money out that's never

36:59

happened in history right for sure 100%

37:02

the question is in propor you think

37:04

Larry Summers was wrong when in q1 the

37:07

first quarter of the Biden Harris

37:08

Administration Larry Summers warned that

37:11

if you pass another two trillion of

37:13

covid stimulus like they were planning

37:16

to do that could set off inflation that

37:18

we were on the brink he he said that he

37:20

did make that declaration against his

37:22

own party Mark and he said this is the

37:24

wrong thing as a Democrat he said this

37:26

is the wrong thing to do and they went

37:27

forward with what they plan to do for

37:30

various reasons some would argue

37:31

political some would argue that they

37:32

thought it was the right thing to do and

37:34

the effect was precisely as Larry had

37:36

predicted yeah and KLA Harris cast the

37:39

tiebreaking vote for that inflation

37:41

explosion act otherwise was the American

37:44

otherwise known as the American Rescue

37:47

plan actually I agree with I agree with

37:51

free B really the cause of this massive

37:54

20% inflation we've had over bid four

37:56

years is a secret deal between Trump and

38:00

NBS and like Putin's in there somewhere

38:02

you can dismiss it all you want David

38:04

just look at the data and look at the

38:06

numbers and they match up now to free

38:08

BG's point the free BG's point is it the

38:10

only thing that caused inflation of

38:12

course not when you spend too much money

38:14

when you inflate the economy when you

38:16

have Supply train chain disruption all

38:19

those things contribute but we're also

38:20

not having the conversation to say okay

38:23

how much of the supply chain disruption

38:25

contributed to inflation was it % of

38:28

that 20% was it 5% was it 7% was it 1%

38:31

we don't know it's impossible it's all

38:33

the supp the supply hold on the supply

38:35

chain was constrained during covid and

38:37

it was healing it was getting better and

38:39

then they pumped all the stimulus and

38:41

everyone got these s level let me Mark

38:45

has an opinion let's leave the opinion

38:47

I'm just really curious I just want the

38:48

high level report card on the last two

38:51

presidence what is the high level report

38:53

card Mark to put a cap on this just for

38:54

the audience here is our national debt

38:57

over the two presidencies the two terms

39:00

and as you can see with the taking out

39:03

the bump for covid it's pretty much

39:05

they're both wild Spenders I think we

39:06

can all agree they both are spending too

39:08

much money and we need to have more

39:09

fiscal discipline we all agree on that

39:12

now to Cham out's point is steel man

39:14

anything you like about the Trump

39:16

presidency and then we'll go to commo I

39:19

mean I think there was good elements of

39:22

the tax cut I think he went too far but

39:26

I think they needed to come down from

39:28

35% yeah what whatever the corporate

39:30

rate 35% I think was corporate that was

39:32

too expensive it made it difficult for

39:34

us to compete globally I thought 20 um

39:37

and I thought bringing down cap gains um

39:40

again I forget exactly what they were

39:42

maybe 29% I forget was also smart but I

39:45

think he went too far but you can argue

39:47

that there's no right answer on what

39:49

that is going to be it's a guess right

39:51

you just put it out there and you hope

39:53

what you what you plan and what you

39:54

propose and what is implemented works

39:56

and you don't know until it does so I

39:58

didn't I didn't have a problem with him

40:00

trying that yeah 35 to 21 you got it

40:03

exactly right yeah you've acknowledged

40:05

that kamla's unrealized gains tax is a

40:07

disaster well I'll acknowledge that it's

40:09

not real and you're making it up that

40:11

you've never heard her say that I made

40:12

it up yeah you made a her it was in it

40:16

was in the Biden the last Biden Harris

40:17

budget it was in the Harris platform at

40:21

the DNC it was that was the Biden

40:23

platform at the DMC right you never

40:25

heard her talk about it search place on

40:28

his name and put her name in there but

40:30

you're you're reaching David you're

40:32

reaching right you never heard her talk

40:34

about it at all she's been very specific

40:36

that cap gains goes to 28% that um that

40:41

what has Biden what has Biden done well

40:43

and what has he not done well and then

40:45

the follow-up question is if it were an

40:48

open Democratic primary would you have

40:50

voted for kamla Harris I don't know but

40:52

then again if Donald Trump participated

40:55

in the debates on the Republican Primary

40:58

in the Republican primary would you have

41:00

voted for Donald

41:02

Trump you

41:03

know you're saying you're saying it's

41:05

analogous the Republicans had an Open

41:07

Primary no but they did s

41:10

competed Nikki Haley competed that an

41:13

Open Primary Trump was 50 hold on a

41:15

second Trump trump was 50 points ahead

41:17

maybe he should have debated I don't

41:20

know no I mean look I would have been in

41:21

favor of him debating but he was 50

41:24

points ahead and everybody had a chance

41:25

to run

41:28

Democrats pretended on let me finish

41:30

then you can get your response okay the

41:32

Democrats pretended that Joe Biden was

41:35

just fine that he was sharp as attack

41:37

that he was the best version of Joe

41:39

Biden and when the primary came and you

41:43

had um Outsiders like Bobby Kennedy uh

41:46

try to compete not only did he not only

41:49

did Biden not debate they basically use

41:52

lawfare to keep Bobby Kennedy off the

41:53

ballot they did not allow him a fair

41:56

shot at the nomination which is why he

41:58

had to leave the party and run as an

42:00

independent then we find out after the

42:03

debate that actually Biden is not fine

42:06

he's actually appears to be a

42:08

significant cognitive decline so somehow

42:10

Nancy Pelosi gets him out of there and

42:12

then KLA Harris is Anointed she's never

42:15

won a primary vote ever she in 2020 she

42:19

ran and dropped out before the first

42:21

primary and then this time around she

42:23

never had to compete in the primary and

42:25

Som

42:27

the question is I don't think well the

42:29

question is how can you liken this to

42:31

what the Republicans did having an open

42:33

and competitive primary so first of all

42:35

the Republicans do not have an open and

42:36

competitive key word competitive primary

42:39

because if one of the candidates refuses

42:42

to participate because they have a lead

42:44

look what happened to Joe Biden for all

42:46

we know VC VC would have destroyed Trump

42:50

as much as Trump destroyed Joe Biden

42:52

Nikki Haley would have destroyed Trump

42:55

as much as Joe um Donald Trump destroyed

42:58

Joe Biden I don't I was supporting Des

43:00

santis at that time and it was

43:01

definitely I think Des santis would have

43:03

crushed him too right they those allow

43:05

to compete their names were on the

43:07

ballot you're talking about a very SE

43:09

would you do you think Des santis Nikki

43:10

H or VC would have beaten Trump in a in

43:14

a debate no I think when if you look at

43:17

them okay well hold on I'm saying it's

43:19

unclear I don't think you can just say

43:20

that they would have won I mean Trump

43:22

you so that means it's not a truly

43:23

competive Len when Trump when Trump was

43:26

in a crowded Republican field and

43:28

debated he crushed everybody so I just

43:30

don't know what would have happened that

43:31

was

43:32

2016 this is just debate this is just

43:35

debate okay what about the point that

43:37

the Democrats kept other contenders off

43:41

the ballot they use lawfare and moreover

43:43

they lied about Biden's cognitive

43:45

condition and then they anointed KLA

43:48

Harris through a process that is opaque

43:50

and we still don't know what happened

43:51

okay so here's my answer right first

43:53

going back to Republic it wasn't a

43:54

competitive primary if the contender

43:57

doesn't participate and yes he did well

43:59

against 15 other candidates in 2016 but

44:02

I'd be willing to bet that he's also had

44:04

cognitive decline everything he says and

44:07

does is reflective of that if Joe Biden

44:09

had said the same thing we would be

44:10

having a lot of qu we would we don't

44:14

judge Donald Trump and his cognitive

44:16

ability the way we did Joe Biden okay so

44:18

we'll put that behind now let's go to

44:20

Joe Biden I can tell Democrats lied

44:21

about Biden's condition let's just put

44:23

Let me I'm going to tell you my personal

44:24

experiences with Joe Biden right I

44:26

didn't talked to him a lot twice during

44:28

that period And I can tell you from the

44:31

first time I saw him a year before the

44:34

last time I saw him which was you know

44:36

probably in March or April I forget

44:39

there was a decline but the decline was

44:42

in his sharpness right his quickness of

44:44

response if you sat down and you listen

44:47

to him speak about something which I did

44:49

he wasn't forceful he wasn't you know he

44:51

looked like a Walking Corpse um he

44:53

looked awful right um but in terms of

44:57

content it was there and so I understand

44:59

why they positioned him the way they did

45:02

it's just to sell it was impossible so

45:05

that's part one so I don't think the

45:07

decline is nearly what you're saying it

45:09

is but I do agree why they get rid of

45:11

him why they get okay so that's now

45:12

we're moving forward right his ability

45:14

to respond in real time you slow down we

45:17

all slow down right I'm 66 years old and

45:20

I've slowed down versus where I was at

45:22

45 you so you know at 81 and at 78 you

45:27

were going to be slower Joe Biden in

45:29

just was not as quick that was a real

45:31

problem he got destroyed in the debate

45:32

by Trump because of that not because he

45:34

didn't know the the materials and the

45:37

content but he just couldn't respond and

45:38

think fast enough so I think that's

45:40

where the the misunderstanding is it's

45:42

not that he had cognitive decline in the

45:45

purest sense it's that his ability to

45:47

respond quickly was gone and he looked

45:50

like he had cognitive decline so now

45:52

let's go forward to the Democratic

45:54

National um convention where um and

45:57

right before that where they replaced it

45:58

I was curious about just the um

46:02

mechanics of the whole thing so being

46:04

the curious person I am I went and

46:07

pulled up the bylaws and the rules of

46:09

the democratic party and the Democratic

46:12

National Convention and they reset those

46:14

every four years prior to them pulling

46:17

out and it's very very clear that the

46:19

only Mission and the only task and it's

46:22

pretty much the same in the Republican

46:23

because I look that there's too the only

46:25

mission is to win you want to to win the

46:27

presidency you want to have control of

46:29

Congress that's all they care about and

46:32

they give themselves every bit of

46:34

flexibility to do whatever they damn

46:36

well please to put themsel in that

46:38

position they are a private organiz are

46:41

they the party are they the party then

46:43

of democracy as they claim to be or are

46:45

they the party of winning at all cost so

46:47

now you're trying to you know play

46:49

branding games right it start I'm just

46:51

saying that their rhetoric is at odds

46:53

what they actually did hold on a second

46:55

there were 14 million AR voters in the

46:58

Democratic primary that's the mainstream

46:59

media discussion of this right they say

47:01

there's 14 million voters I say Trump

47:03

didn't debate at all there was Zero

47:05

debates with Donald Trump which one open

47:07

primary though people got to vote for

47:09

their candidate it's not an Open Primary

47:11

because it's Donald Trump's family

47:13

business he controlled what happened in

47:15

the yeah look listen I mean I was again

47:18

I was supporting someone different

47:19

during the primary and the reason why

47:21

danus lost is he didn't get enough votes

47:23

okay the Republican Prim voter Donald

47:26

Trump

47:27

that's why won the Primary fair and

47:29

square whether he debated or not he was

47:31

up 50 points on everybody else and I bet

47:33

I don't not what happened with Biden

47:35

what happened with Biden is B bid let me

47:37

finish David let me finish Biden won the

47:39

Democratic primary he got 14 million

47:40

votes and then they threw at that threw

47:42

out that result and put in KLA Harris

47:44

because they didn't like his we ever in

47:45

a

47:46

fraternity what's that were we ever in a

47:48

fraternity were we ever in a fraternity

47:50

no okay in a fraternity they get to vote

47:52

on all kinds of but at the end of the

47:55

day if the chap

47:57

the the National Organization says no

48:00

right doesn't matter who won the

48:01

election right so you're saying the

48:02

Democratic party is a click I get it

48:05

it's meain just to just DAV you're just

48:10

talking branding you can brand it

48:12

however you want no the Democrats said

48:13

they're the party of Dem Democrat I'm

48:15

not a Democrat I don't care what they do

48:18

I don't care supporting them you're

48:19

supporting them supporting can you

48:21

acknowledge hold on can you just

48:22

acknowledge that their rhetoric is

48:24

hypocritical I don't care what the r is

48:27

I don't pay attention I don't pay

48:29

attention to their rhetoric we're not

48:31

going to get progress I really want to

48:33

hear what Mark thinks yes here we Gove

48:35

forward move forward two okay two things

48:37

seem to uh be true at the same time if

48:39

I'm recapping your position here mark

48:41

one you would have liked to seen Trump

48:43

debate two I think you would have loved

48:45

to seen a speedrun primary perhaps maybe

48:48

kamla you know battled it out I honestly

48:50

didn't care I want once Donald Trump was

48:52

the candidate I wanted the best person

48:55

to beat Donald Trump what I cared about

48:57

let me go back to my question so I'm

48:59

just going to give you a succinct

49:00

summary of Mark Cuban's position his

49:03

evaluation of the Trump presidency the

49:05

positives were tax cuts and warp speed

49:08

and operation War spe and warp speed the

49:10

negatives were continuing the war in

49:13

Yemen when they had a chance to and then

49:16

this and actually the negative wasn't so

49:18

much that sorry TR stum the negative

49:20

wasn't so much he continued it the

49:22

negative is the hypocrisy and his okay

49:24

right in the style okay now tone of how

49:27

he governed can we do Biden what are the

49:29

things that Biden and Harris did well

49:31

that have helped the country and what

49:33

are the things that they could have done

49:35

better did not do well so I'll start

49:36

with the negatives first so just so you

49:38

know that there's a lot of them one the

49:40

way they handled the Border was

49:42

horrific there's no way to you know to

49:44

say it any differently now I understand

49:47

why they took the approach they did

49:49

literally if if I were in a central a

49:53

Central American company country and my

49:55

family was at risk getting shotgun

49:57

because there's a drug war I'm doing

49:59

everything I can and I Rec I recognize

50:02

you know that if I just set foot on

50:04

American soil I have a chance for Asylum

50:06

and I get that and I get why Biden and

50:09

his administration might say just for

50:11

human humanitarian reasons we're going

50:13

to increase the number of people that we

50:15

allow to do that I understand why he

50:18

would do it but at the same time he

50:20

opened the door too wide and he made it

50:23

so that there were too many people that

50:24

came through and that created cascad

50:26

problems now to his credit down back in

50:29

June I think it was he he signed an

50:31

executive order which he now has made

50:33

permanent or is permanent as you can as

50:35

president that changed um that there's

50:38

no longer the option to just set foot on

50:41

American soil and be eligible for um a

50:44

hearing for Asylum you can't do that any

50:46

longer and to her credit she worked with

50:49

the um head of um The Mexican government

50:52

and they have taken steps to reduce the

50:55

flow of people to the border and so now

50:58

the number of encounters at the border

51:00

is about the same as what it was right

51:04

before the pandemic under the Trump

51:05

Administration so while he was too long

51:07

to do it while he um handled it

51:11

incorrectly overall and messaging was

51:13

horrible I think they got to the right

51:15

place but now we have a problem right

51:17

that he created where we have too many

51:21

um non-citizens illegal aliens however

51:23

you want to call them however you want

51:25

to Brand them and we have to understand

51:28

how to deal with them I think that they

51:31

have talked about Comm has talked about

51:33

first and even JD Vance said this first

51:35

we're going to get rid of the criminals

51:37

which makes sense but Donald Trump says

51:39

we're just going to deport everybody any

51:42

illegal were just going to deport them

51:44

now Obama was the deporter and- chief he

51:46

deported more people than Trump or Biden

51:48

over three million people but he had a

51:50

specific process in place that everybody

51:52

could understand and I think with Trump

51:55

remember um that or oron Gonzalez kid

51:58

the six-year-old kid in

52:00

Miami Gonzalez right where you all a

52:03

sudden you had these these cops with you

52:05

know riot gear on and machine you know

52:08

and AR-15s or whatever they use pointing

52:11

them at a six-year-old kid cowering in a

52:13

closet if Donald Trump does that and

52:16

that's not contrary to how he approaches

52:18

things we could have another series of

52:22

riots and protests that go really really

52:25

bad and so while I think Biden handled

52:28

things completely wrong at the beginning

52:30

I think with Harris now and she's saying

52:32

she'll support the um the immigration

52:35

bill that was bipartisan etc etc you

52:37

guys know that I think she has a more

52:40

common sense approach to dealing with

52:42

deportations and getting people through

52:44

the Asylum system and the Asylum that

52:47

bill I think said that it would reduce

52:49

the amount of time to adjudicate Asylum

52:51

to 90 days which means that there's a

52:54

chance to get control of this turns into

52:56

a r okay so that was border was bad

52:59

anything else bad or should we shift to

53:00

the good I think the spending was bad I

53:03

think um that we overspent and I think

53:06

we went through a period where uh and

53:08

I'm not trying to make excuses for him I

53:09

just think you know you guys mentioned

53:11

this before he did overspent and I think

53:14

the the infrastructure bill was good I

53:16

think the Broadband bill was good and

53:18

everybody says we spent $42 billion on

53:20

broadband and got nothing we should have

53:21

gone to Starling but the reality is the

53:23

money went to the states and they could

53:25

buy um staring from Elon all they want

53:28

so that's just kind of the mainstream

53:29

media poo pooing something they

53:31

shouldn't poo poo but the EV stuff the

53:33

EV Chargers that's a cluster you know

53:36

and there's no way around that and so I

53:38

think that was bad um so pork barrel

53:42

spending basically unaccountable

53:43

spending yeah no I think you know what

53:45

they did in health care um you know you

53:47

can take Lena KH con and say what she's

53:49

doing for the mergers you know Alberton

53:52

and kovers I think is too much I think

53:54

you know and I even told her this I sat

53:55

on a panel s right next to her and I

53:57

said the most important thing from a

53:59

technological perspective in this

54:00

country today is that we win AI that is

54:03

going toine everything militarily for us

54:05

and economically for us and that when

54:08

you try to break up companies like

54:09

Google and Facebook you diminish our

54:11

ability to compete globally with AI and

54:14

she told me now that she didn't didn't

54:16

impact her at all that she understands

54:17

that and she's heard that before I think

54:19

their approach to that is wrong I think

54:22

that what she's done with the FTC

54:24

against Pharmacy benefit manager ERS has

54:27

been good right Pharmacy benefit

54:29

managers are ripping off more companies

54:31

and costing and increasing the cost of

54:34

medications more than anything else

54:36

that's happening in healthcare and she's

54:38

called them on the carpet with a recent

54:40

report and just sued them I think that's

54:42

good um I think in terms of other

54:45

negatives like K Harris now I think um

54:47

the um um filibuster I think that's a

54:51

mistake to try to get rid of the

54:52

filibuster because then somebody else

54:54

gets rid of it for something else and

54:55

it's just cascading problems um on

54:58

spending we talked about I think he

55:00

spent too much and what have they done

55:02

well I think he changed the tone of the

55:05

country I think that was really really

55:07

important no one woke up you know and

55:09

David calls it mean tweets but not

55:11

waking up concerned about Mean Tweets is

55:13

important not waking up concerned about

55:16

there being some random um tariff on

55:18

your company that you didn't expect not

55:20

waking up being accused of of doing

55:23

something I think those were all huge

55:25

positives I think um supporting workers

55:28

I think you know just having just a

55:32

sensibility of okay we're we're not in

55:35

the middle of everything there just

55:37

wasn't this uncertainty like every

55:40

single day that every business woke up

55:41

with with Trump just removing that was

55:44

the biggest positive of all so let's

55:46

look forward now to AA Harris candidacy

55:49

for president of the things so we know

55:52

the Donald Trump track record because he

55:55

gets the credit for the things he got

55:57

right and he has to take ownership of

55:59

the things but how it's been defined

56:01

I'll use the Yon example again I'll use

56:03

the price example on oil again the you

56:06

know we have Trump nesia right we

56:09

presume that what he did in terms of the

56:11

economy and everything and no Wars you

56:13

know no everything was just Rosy under

56:17

Donald Trump and I think that's another

56:19

thing that's NE I'll be honest I've

56:21

never heard this specific Theory I'll

56:23

take the time to look and figure it out

56:25

for myself and I'll

56:26

but what I'm curious about is that track

56:28

record is there now how much of the and

56:31

do you think it's important for us to

56:33

give credit for the good things to kamla

56:36

and responsibility for the bad things to

56:38

kamla in that so that you have an

56:39

equivalent AB comparison do you think

56:41

about it that way or no no I don't and

56:43

I'll tell you why okay I'm assuming all

56:45

you guys have had a boss at one point or

56:47

another yes yeah yeah and do you all

56:50

agree with everything that that boss did

56:52

all the

56:53

time no no no no but you had to do what

56:57

the boss told you to do yeah and that's

56:59

Common's job but I like I like to take

57:01

credit for when the boss tells me I'm

57:02

owning something and then I do it well

57:05

but at the same time you get credit for

57:07

doing it but it doesn't matter you know

57:09

if it turns out to be wrong it's still

57:11

the boss that's on the hook for what

57:13

about the Border mark because you made a

57:15

comment about the border and she was

57:16

declared the borders are yeah again that

57:19

that's branding I mean we play branding

57:21

games with politics all the time if you

57:24

look at what her specific responsibility

57:26

was I alluded to it earlier her job was

57:28

to go to Central America and talk to the

57:31

heads of the countries there and try to

57:33

reduce the reasons why people were

57:35

leaving their countries to go to the

57:37

United States why do you think they uh

57:39

open the border so much I'm wondering

57:41

Mark there is a conspiracy theory or

57:43

Theory um you can you can pick how you

57:46

want to frame it that this is to

57:47

increase the number of democratic voters

57:49

at the same time we hear that a lot of

57:51

the folks coming in who are the working

57:52

class that the Republican part is now

57:54

the populist party so those votes would

57:56

to the Republicans so you know I've

57:58

heard this argument from both sides what

57:59

is there's another theory an economic

58:01

theory Mark which is that it increases

58:05

the base of workers when we're at our

58:06

lowest unemployment rate in history and

58:08

inflation is Raging so by bringing in

58:11

lowcost workers at that you're that

58:13

you're able to get to work at a lower

58:14

wage rate you actually have a

58:16

deflationary effect and a stimulatory

58:18

effect because then they end up being

58:19

tend get the logic there I don't think

58:21

there I think maybe they might have

58:23

thought of that earlier and that's why

58:25

they let too many people in but I think

58:28

they realize now that they screwed up

58:30

and that shouldn't be that shouldn't be

58:31

an executive Authority right I mean that

58:32

should be like a legislative

58:34

Congressional Authority that makes that

58:36

decision and that determination on

58:37

whether to change immigration policy do

58:40

you think that the executive branch

58:41

should be able to unilaterally determine

58:43

who comes into the country without

58:45

following laws no I prefer that the

58:47

Congress does it unfortunately that's

58:49

just not what works look at the SEC with

58:51

Gary gendler the guy's a and but

58:54

you know they

58:57

that actually yeah so that's an area we

58:59

we can agree on but before we get to

59:00

that so so your claim on Border we

59:02

finally found ground truth here we go no

59:05

we we can agree on we can agree on

59:07

that'll we'll get to that but but before

59:10

before we do that I just want to finish

59:11

up on Border here so your claim is that

59:13

KLA Harris really wanted to seal the

59:15

Border but she was prevented no doing by

59:19

Jo didn't say that David you're really

59:21

good at trying to position things so you

59:23

have you know you have talking points to

59:25

go out with um no I'm just you said that

59:28

this was a case of a VP who was thwarted

59:31

by her boss who do not what I said that

59:34

is you ad the king of virtue signaling

59:37

David you the k for virt okay so the

59:40

truth is she was on board with Joe

59:41

Biden's agenda I don't know she's doing

59:44

what she was told which is it

59:46

there's no you're creating false choices

59:49

David you're creating so David if you do

59:52

the job your boss told you to do does

59:55

that you make a declaration before you

59:57

do it if I agree or disagree how do you

59:59

know she disagreed with Joe Biden about

60:01

these policies because I see what she's

60:02

doing now well because she changed the

60:05

policy right she has a different polic

60:06

it's an election year conversion she

60:08

realizes what a disaster it's been so so

60:10

when Trump does it it's brilliant when

60:13

let me give you the proof okay her own

60:15

words okay she flipped her position she

60:17

called Trump's border wall unamerican

60:19

and medieval and mocked it and this is

60:22

before she became Biden's Vice pres so

60:24

when Trump hold on when when she was in

60:26

the Senate and Trump was trying to build

60:28

the wall remember Democrats tried to

60:29

thwart that they subjected him to years

60:31

of litigation to prevent him from

60:33

building that wall and she multiple

60:36

times was on record saying the wall was

60:38

unamerican medieval mocked and so forth

60:41

she also compared ice to the KKK she

60:44

said that images of border patrol agents

60:46

evoke slavery okay this is her rhetoric

60:49

I don't think Joe Biden made her say

60:50

that she suggested that we abolish ice

60:53

and start from scratch okay and now she

60:56

wants to talk about how tough she is on

60:57

the border ridicul maybe she talked to

61:00

JD Vance back then and was taking his

61:03

positions people changed their mind for

61:06

whatever reason people learn you're

61:07

positioning as okay so for so hold on so

61:10

so throughout her whole time in the

61:12

Senate she was arguing against a border

61:14

wall okay in the strongest possible

61:16

language she then becomes bordar or you

61:18

could call it Point person for the Biden

61:20

Administration and for three years they

61:23

GID us that the Border was not a problem

61:25

that it was not an open festering wound

61:27

like the videos were constantly coming

61:29

out I remember on the show we talked

61:31

about it and I was told when I would

61:33

raised the issue of the boorder that was

61:34

a conspiracy theory that Fox News was

61:36

just cherry-picking videos remember that

61:38

Jason in any event yeah well people were

61:39

actually it was interesting bring that

61:41

because people were sharing people were

61:43

sharing videos and playing them on Fox

61:45

that were from like 10 years ago so

61:47

there was a lot of misinformation

61:48

Democrats the whole Dem about Caravans

61:50

David all those Caravans never made it

61:52

to the Border how many Caravans did we

61:54

hear about that over 10 million migrants

61:57

have entered the country during the

61:59

Biden Harris Administration the first

62:01

thing they did hold on when Biden when B

62:05

no we know about no no we do know those

62:07

those 10 million are just the Border

62:09

encounters those are the recorded

62:11

crossings that they led into the country

62:13

the number we don't know is whether how

62:15

many more were not recorded that number

62:18

could be 20 or 30 million what happened

62:20

why why did this happen I'll tell you

62:22

why when Joe Biden took office he

62:24

repealed all of trump executive ORD no

62:26

we did not what is it

62:28

section2 of them title title 42 title 42

62:31

stuck around until the end of 23 and in

62:34

addition they got rid of Trump's remain

62:36

in Mexico policy and they changed the

62:38

meaning of Asylum so that anyone who

62:40

went to the border and said that they

62:41

were suffering economic hardship which

62:43

is basically the whole world okay could

62:45

now qualify for Asylum and they were

62:47

given they were given like a ticket to

62:48

appear in court one day like three years

62:50

5 years and they were ushered into the

62:51

country and then they were like

62:53

nonprofits working with the B

62:54

Administration to put on buses I agreed

62:57

that they screwed I agreed they screwed

62:59

up on the border you're I'm not AR screw

63:02

up no fine they screwed up but now we

63:04

are back defended it so yeah but she she

63:08

changed just like Donald just like JD

63:10

Vance JD Vance called him Hitler JD

63:12

Vance in 2020 and and after diminish

63:15

Donald Trump that was in private

63:17

Communications in 2016 and JD Vance

63:19

explained including last night why he

63:21

changed his mind about that right and

63:22

that's fine so he talked to people so so

63:24

do she representing state of the people

63:27

this was her position like six months

63:28

ago and now all of a sudden she's the

63:30

nominee so

63:32

she's you're you're trying you're virtu

63:34

signaling like a mother right you're

63:36

trying to put you're trying to Brand

63:38

anything you tried to Brand anything

63:41

that you disagree with that you think is

63:42

a negative and just put it on her which

63:45

is politics 101 right but you're not

63:47

looking at what she's actually doing

63:49

what she's she was the point person for

63:51

the administration okay look when does

63:53

it matter if she was if if she was in

63:56

charge does and she said you know what

63:58

what you want her to do was like JD van

64:00

said about um abortion right I talked to

64:02

somebody and my you know they proved it

64:04

great that was a smart move by him would

64:06

it be smart for her to say I was wrong

64:08

now I I've learned more and I've picked

64:10

up more information now that's actually

64:12

a good question for you sax if JD Vance

64:15

can Lobby and want a National Abortion

64:18

ban and then change his mind as the

64:20

number two for Trump can kamla change

64:22

her mind when she is is no longer

64:26

running for you know the number two seat

64:28

as Biden I well I think I think JD

64:30

explained why he changed his mind about

64:32

that he said that there was a referendum

64:34

in Ohio and his side lost and he so he

64:37

can change his mind can Kamala and do

64:39

you have the grace for Kamala to change

64:40

her mind or not hold on a second he's

64:41

taking a learning from that KLA Harris

64:43

has never explained why she changed her

64:45

mind fact the media hold on a second

64:47

when will the media even ask her this

64:49

question she doesn't submit for

64:50

interviews and certainly the the debate

64:53

moderators like on ABC never asked her a

64:56

question mark if she's going to change

64:58

her mind if she's going to have this

64:59

election year conversion why doesn't the

65:01

media ask her what is the basis of this

65:02

when did you change her mind was it five

65:04

minutes ago why then did you uh support

65:07

Biden throughout your entire last three

65:09

and a half years why don't they ask her

65:11

these questions if you were part of the

65:13

Biden Administration why did you

65:14

volunteer to be the borders are if you

65:16

disagree with Joe Biden about these

65:18

policies when exactly did you change

65:19

your mind those are the questions that

65:21

she should be answering why won't she

65:23

those are the question why W she submit

65:24

to an adversar interview are the

65:26

questions that you want so that you

65:27

think you can put her on the defensive

65:29

and get and

65:32

have know no look you want to know but

65:35

let me just tell you what's important

65:37

put yourself put yourself in the shoes

65:39

let's just call this a business right

65:41

and The Business of this business is

65:43

getting votes and winning this election

65:46

and you came in and the the product that

65:49

you originally had new Coke failed right

65:52

Biden's new Coke in this example and you

65:54

come in and you say I'm you know I'm

65:56

bringing it back this is the new new

65:57

Coke and we we're going to test to see

66:00

if that's working well when you brought

66:01

in KLA Harris she had no favorable

66:05

ratings whatsoever she was behind in all

66:08

polling right where Joe Biden was and

66:11

now she's either even or ahead or a

66:13

little bit behind in every single poll

66:16

and why do I bring it up because it

66:17

means what she's doing is working you

66:20

don't I think actually we agree I think

66:21

we actually have found a point to agree

66:23

on which is I think comml Harris is just

66:24

saying whatever takes to get elected you

66:27

can say the same thing about her true

66:28

belief hold on she stated her true

66:30

belief years ago and throughout the

66:32

Biden Administration which is she never

66:34

believed the Border was a problem she

66:35

thought the border wall Trump's wall was

66:37

unamerican and medieval and she thought

66:39

that ice needed to be abolished I think

66:40

that was her true belief now if it's not

66:42

her true belief I would like her to

66:44

explain when she changed her belief and

66:46

why the same way that JD Vance did and I

66:49

think the American people are entitled

66:50

to know that and I think if the media

66:52

was doing its job they'd be asking her

66:54

those questions she she's never been

66:56

asked that Stephanie rule that latest

66:58

interview did not ask that and the

66:59

debate moderators did not ask that let's

67:01

just go outside of America for one

67:03

second because Mark you're Jewish you're

67:05

of Jewish Heritage I would really like

67:08

your opinion on what's happening outside

67:11

of America there was some crazy pictures

67:14

over the last few weeks coming out from

67:16

the Middle East there's still all this

67:18

complication complicating stuff with

67:22

China where do you stand on all of these

67:24

things where do you stand on the Mir

67:27

shimer Sachs Jeffrey Sachs kind of

67:30

school of logic that there's a military

67:33

industrial accomplice that tends to just

67:35

push us towards these War zones and

67:37

these forever Wars where do you just

67:39

stand on those issues and how do you

67:40

think about that I mean honestly I don't

67:42

have enough information to give you a

67:44

qualified response I'm I'm pro-israel to

67:47

the core because I'm Jewish um I'm anti-

67:50

Hamas to the core I think you know

67:52

they're terrorists they are terrorists

67:54

um I want to see Israel to succeed I

67:57

want to see Israel succeed I want to see

67:59

the United States support them and help

68:01

them in that um but you know when Israel

68:05

was going into Gaza I thought it was too

68:07

blunt an instrument but when they went

68:09

after heala I thought they did the exact

68:11

right way and so you know I'm I'm always

68:15

only gonna resp you have a nuanced

68:16

opinion of this yeah and Ukraine yeah um

68:19

Ukraine I don't want to see American

68:21

blood spilled and as long as there's a

68:23

NATO and I agree there should be a NATO

68:25

I'd rather see us spend money than put

68:27

soldiers In Harm's Way and so U does

68:30

does the Harris campaign agree on that

68:31

point or do they have a I haven't had

68:33

that conversation I haven't had that

68:35

conversation with them I don't Mark let

68:36

me ask

68:37

you just a point on arithmetic which I

68:40

think is the most important arithmetic

68:42

we should all be talking about today is

68:43

the first uh yesterday was the first day

68:46

of the uh Federal year fiscal year right

68:50

and here's a little uh image for us to

68:52

all look at together as a group an image

68:54

that everyone should wake up every

68:56

morning in the United States and look at

68:57

the first thing they do instead of

68:58

looking at Twitter is they should look

68:59

at the image that I'm sharing on the

69:01

screen right now which is federal debt

69:04

in the United States I thought screen of

69:07

you taking a bath this is on the first

69:09

day on the first day of the new fiscal

69:11

year federal debt jumped by $24 billion

69:14

in one day federal debt now stands at $

69:16

35.7

69:18

trillion and the biggest challenge we

69:20

have in the year ahead is that 10

69:23

trillion of the outstanding debt comes

69:25

up for refinance it's going to refinance

69:28

at around 4% so we're going to be adding

69:30

another $300 billion in new interest

69:33

expense next fiscal year plus the Biden

69:37

Administration has proposed a $7.2

69:39

trillion budget for next year which will

69:41

inevitably lead to another $2 trillion

69:44

of deficit spending which means that by

69:46

the end of 2025 we could be staring at40

69:50

trillion of federal debt and if you do

69:53

the math on that at 4% interest it's 1.6

69:56

trillion a year of interest expense a

69:58

year just on interest expense on the

70:00

outstanding debt which effectively

70:02

begins to eclipse the entire federal

70:04

budget very quickly and gives us no

70:07

ability to maneuver to meet the needs of

70:09

all the policy demands that are being

70:11

described and shaped in all of these

70:13

elections and all of these debates and

70:14

all the that's going on is

70:16

really not fundable what is the Harris

70:19

campaign say about the situation with

70:21

respect to deficit spending and debt and

70:24

I don't know how high can raise taxes

70:27

and not cut spending to even make a dent

70:30

in the challenge ahead without

70:32

driving a massive recession what is what

70:35

do you think like the Harris versus the

70:36

Trump campaign's kind of intentions are

70:39

as we look at this Abyss that we're now

70:41

kind of jump I can't speak for them I

70:43

can only tell you the conversations I've

70:44

had and what they've said to me whether

70:46

or not they take these directions is

70:47

completely up to them and I don't know

70:50

but I've said the exact same thing they

70:52

know that the um the deficit is a

70:54

problem

70:55

it won't be a budget b a Biden budget

70:58

there's no Biden Administration to

71:00

happen they've already you know just the

71:03

tax rates are completely different than

71:04

the Biden budget proposals where there's

71:06

no you know um unrealized capital gains

71:09

Etc they went to 28 and 28% so it's not

71:14

going to be what was proposed by Biden

71:16

there's a limit on tax basically right

71:18

like that that that people will there's

71:19

only there's a point of diminishing

71:20

returns and raising taxes and they

71:21

realize it right so when we talked about

71:23

unrealized capital gains and I gave

71:25

thousand reasons why not they're like we

71:26

already know this um y y now to David's

71:29

Point why don't they just come out and S

71:30

say it because the 1% of high

71:32

information voters don't know the

71:34

difference of unrealized capital gains

71:36

or not and don't care the 99% want to

71:39

hear about the things that they're

71:40

talking about so that's why people like

71:42

me can go out there and talk about it

71:43

but to your point and the bigger Point

71:45

David um da that they realize that

71:48

there's only a couple ways to reduce the

71:50

deficit one you get inflation under

71:52

control and that reduces interest rates

71:54

and that's going to work in our favor

71:56

and I think that's happening now if it's

71:57

$1.6 trillion then you know if interest

72:00

rates go below 4% that saves a lot of

72:03

money probably the most you can save

72:05

they realized efficiency is an important

72:07

element in her last speech in Pittsburgh

72:10

she talked about how long it took it

72:11

only took one year to build the Empire

72:13

State Building that is crazy there's too

72:15

much friction in the government to be

72:17

able to do building the right way

72:19

they're going to reduce friction I've

72:20

had conversations with them about AI as

72:22

a service and being able to

72:25

optimize integrating um um artificial

72:29

intelligence into all these processes so

72:31

that they don't have to keep on hiring

72:33

people I don't think their mindset again

72:35

I'm speaking for myself and my

72:36

perspective of my conversations with

72:38

them I don't think their mindset is to

72:40

just go out there and just cut a ton of

72:41

people but I do think the mindset is how

72:44

can we Implement technology to become

72:46

more efficient so that we can provide

72:48

more value to the citizens of this

72:49

country at less cost I think that's

72:52

important to them I think um you're

72:54

going to see a lot of redu I'm trying to

72:58

think of the best way to say it she

73:01

knows that technology is the ultimate

73:03

driver of success and if she supports

73:06

new technologies and you heard that

73:08

again in Pittsburgh she wants she

73:10

mentioned blockchain but more

73:11

importantly she mentioned Ai and how AI

73:14

is key to us being a dominant military

73:17

um to having our mil um our military be

73:20

dominant and to have our economy grow

73:22

because the other way to get results

73:25

isn't just to slash and burn like a VC

73:27

wants to do but to grow the economy and

73:29

that there truly are ways to grow the

73:31

economy without just more spending but

73:33

do yeah do you supported Elon Musk going

73:36

in like if you're saying shed regulatory

73:38

burdens shed inefficiency improve

73:39

productivity don't we need an Elon Musk

73:42

style model that you know Trump has

73:44

talked about with Elon send someone in

73:46

and let's go fix the inefficiency across

73:48

all of the administrative efforts run by

73:51

the federal government what first of all

73:54

when you just when you do a v VC type

73:57

just cut the Department of Education

73:59

right whatever it is we don't know what

74:00

Elon would actually do well I think that

74:01

triggers a recession because then you

74:02

got a lot of people unemployed right

74:04

well exactly right and there's contracts

74:05

and so that means the United States of

74:07

America is violating all these contracts

74:10

with small businesses and medium-sized

74:11

businesses um and maybe you want to put

74:14

Doge in the the treasury who knows and

74:16

that's how we make it all up but but you

74:19

can't just crack slash and burn to your

74:20

point Dave I mean it just won't work and

74:23

so what you can do though is introduced

74:26

technology we have yet to have a

74:28

president that fully understands

74:30

technology I'm not here to tell you that

74:32

kamla Harris is a geek she's not but she

74:36

understands the impact and she has a lot

74:38

of people who truly are Geeks around

74:40

there around her and she truly believes

74:42

that implementing technology is a way to

74:45

improve efficiency but the whole idea is

74:47

you can't take the libertarian approach

74:49

that's ideologic you have to take a

74:51

problemsolving approach how do you look

74:53

at any specific problem we're trying to

74:56

solve how can you apply technology to

74:58

that I think you will get that from the

75:00

Harris Administration as opposed to

75:02

Donald just talking about the AI and how

75:05

much energy it consumes Mark you you

75:08

said of all the roles if there's a

75:11

Harris Administration you said you want

75:12

to run the SEC why was I I was

75:14

just trolling Gary gansler yeah I was

75:16

just trolling Gary gansler because it's

75:18

fun to do okay okay so you think and

75:21

particularly why is gendler has he done

75:23

a particularly bad job are you just

75:25

trolling are you just trolling are you

75:26

just trolling David trolling me now

75:29

right I can't keep up with the

75:31

troll control I agree with Mark nested

75:34

trolling

75:37

nested Mark Mark is actually supporting

75:39

Trump he's just trolling sacks and

75:40

coming on the show he's been going on

75:41

for week I know he's not supporting

75:43

Trump but but I tell you one uh one

75:45

Republican that as I understand that you

75:47

are supporting is John Deon who is

75:50

running against Elizabeth Warren in the

75:51

Massachusetts Senate race yep so uh I'm

75:54

curious about this because I think this

75:55

is an area we could agree on you're not

75:58

a I didn't know that that's pretty

76:00

that's pretty interesting yeah I mean

76:01

I'm not a fan of Elizabeth Warren I've

76:03

talked to her about crypto I mean I

76:05

understand her position her basic

76:06

position is you know bad nation states

76:09

use crypto to fund their operations the

76:11

bad stuff and she just wants to throw

76:13

the baby out with the bath water as

76:15

opposed to using you know like I

76:17

proposed a a blacklist from ofac that

76:20

can be implemented in all kinds of I

76:22

need to get into the details right but

76:24

it just it wasn't going to happen and so

76:26

when John not just being pro crypto but

76:29

you know his background his character I

76:31

thought really was a positive and so

76:34

even before he got through his hat in

76:35

his ring I was talking to him supporting

76:37

him giving him feedback and helping him

76:39

so again I'm not a Democrat I have no

76:42

problem and I think John deedon will be

76:44

better for the country better for the

76:46

citizens of Massachusetts than Elizabeth

76:47

Warren would be what would be common

76:49

sense crypto regulation obviously you

76:52

don't want people buking people out of

76:54

their money yeah so what would be a way

76:57

to balance accredited investors versus

77:00

the populace non-sophisticated investors

77:02

if that's even a thing so I've got a

77:04

compy called people are running a muck

77:05

you know right so I've got a company

77:07

called lazy.com and like if you go to

77:08

lazy.com mcin you'll see all my nfts and

77:12

all it is is a is a way to display your

77:14

nfts it's hardly makes any money but I

77:17

wanted to see if we could release a

77:18

token so first thing I did was I had one

77:20

of our people call the SEC and say hey

77:22

what steps do we have to take to release

77:24

a to toen they went through this whole

77:26

rigar about getting Securities lawyers

77:29

and this and that there's no way a

77:30

company with $100,000 in revenue is

77:32

going to be able to afford to do that so

77:33

then I said okay I'm gonna go right to

77:35

the sec.gov and see about rega and see

77:38

if I can just fill out the forms myself

77:40

and you know just see what so you start

77:43

filling in name address and then you get

77:44

to the type of business and the only

77:46

category is other and once you follow

77:49

that other um connection there's just no

77:52

way to put the um round the just there's

77:55

no way to make it work you can't you

77:57

can't make it work and I actually said

77:59

that directly to Gary Gensler and so to

78:01

answer your question you have to make it

78:03

easy to follow the rules and you can't

78:06

and in terms of everything being a

78:09

security guzzler says everything applies

78:11

to hoe right there's a hoe Rule and

78:13

everything you know but the reality is

78:15

there's also a a rule that came after

78:17

ruling that came after um called Reeves

78:20

Reeves versus ernston young that had to

78:22

do with interest and if you think about

78:24

if you guys shorted stocks or done stock

78:26

loan where you can make some money off a

78:28

stock loan a borrow yeah yeah so but you

78:31

know you can make a share you can make

78:32

one of your shares of stocks available

78:34

to the borrower and get paid a vig right

78:36

you might get 10 or 12% and so doing

78:39

that is the exact same thing as loaning

78:42

out Bitcoin for somebody else to borrow

78:45

and there's no they don't call that a

78:46

security so I asked I Ask Gary Gensler

78:49

if it's not a security to loan out um a

78:52

share of stock and why is it you know a

78:56

security to loan out a Bitcoin to

78:58

somebody

78:59

else didn't have an answer and the point

79:02

there is he has an approach that is

79:05

regulation through litigation he's going

79:08

to sue you first ask questions later and

79:11

hope that the result of that litigation

79:14

becomes a rule that everybody else has

79:16

to follow I literally said what that

79:19

well I was going to say wouldn't a more

79:20

common sense approach here be to say if

79:22

we had an accreditation test of

79:24

sophisticated investor test we've talked

79:26

about it here on the program do yeah

79:28

there is well there's not one for the

79:31

populace to take like a driver's license

79:33

where they could say hey I've taken this

79:35

test I understand diversity

79:37

diversification Etc if you're able to

79:40

register with the Securities um and

79:42

Exchange Commission for your company for

79:44

the release of your token then depending

79:46

on how many people you were trying to

79:47

sell it to you would only be able to do

79:49

that with qualified investors right but

79:52

what happens is Gary gendler is is

79:54

making it so difficult to register and

79:57

what he's what he should be doing is

79:59

saying here's the bright line

80:00

regulations if FTX wants to loan out all

80:04

their ethereum you have to do what they

80:06

did in Japan you have to have 95%

80:09

collateral and 95% of anything needs to

80:12

be put in Cold Storage if he had

80:14

followed the same rules for crypto that

80:16

Japan did FTX would still be in business

80:18

and bankman free might still be in jail

80:20

but FTX three capital they they'd still

80:22

be in business because did the wrong

80:25

thing now I've literally talked to KLA

80:28

Harris at lunch about this specific

80:30

topic of litig Regulation through

80:32

litigation and as a lawyer she got it

80:34

immediately and she knows it's a problem

80:36

and they know and she's even mentioned

80:38

in one of her speeches that that's

80:39

something that they're going to deal

80:41

with can I can I get your reaction to

80:43

the story from the Washington reporter

80:44

there was a a story I don't know if it's

80:46

true not post but no Washington reporter

80:49

so according to some Senate sources K

80:53

Harris was considering Gensler for

80:55

treasury secretary I would call that

80:57

okay what's the about that or I

81:01

I I haven't asked her about any position

81:02

at all but what I was told and and look

81:06

talking to people who are like always in

81:09

the same room with her the response to

81:11

me about Gary gansler was have you heard

81:13

anybody say anything

81:16

positive that's

81:18

intentional well I mean the reason he's

81:21

in that role is because he is Elizabeth

81:23

Warren's right Ally and she has been

81:27

enormously powerful during the Biden

81:29

Administration have you heard Mark Mark

81:32

boil it all up like what's your general

81:33

sense of her like how should we all

81:35

think about her so here's the way I look

81:37

at KLA right she is open-minded she's

81:41

smart she does the work she digs in and

81:43

learns she's ethical she's honest she

81:47

cares um she wants to bring the country

81:49

to the middle she knows that when she

81:52

was far left that might have been great

81:54

for the State of California but it

81:56

doesn't solve the problems of the United

81:59

States of the America of America today

82:01

and that's why you've seen her go to the

82:03

middle and that is truly I know David

82:05

you might not believe this it is truly

82:07

honest and through and through her when

82:10

she gave give speeches now she says I'll

82:12

take ideas from Independents I'll take

82:14

them from Republicans I don't care we

82:17

have a lot of problems to solve in this

82:18

country I I wouldn't be shocked if if

82:21

she wins she talks to Elon Musk if Elon

82:23

would talk to her she doesn't care where

82:25

the IDE why would she do interviews with

82:27

unfriendly or challenging folks this

82:30

seems to be like you know a really valid

82:32

criticism Trump here we had JD Vance

82:36

here sh I don't disagree look it is not

82:39

why she why does she hide do you think I

82:41

I don't think she's hiding there's two

82:43

elements there right one I think she

82:45

understands the assignment which is to

82:47

win the election and the best way to

82:49

reach the most number of people and get

82:51

them to change their mind is not the 1%

82:53

of people who are I am High information

82:55

voters it's all the people who are

82:56

showing up at rallies and screaming and

82:58

yelling those are the people who people

83:00

whose mind she has changed so far and

83:03

that's how she's caught up and who she

83:04

wants to change and that's where she's

83:06

putting her focus and two and this is

83:08

brutally honest um she has too long a

83:11

windup in answering every single

83:13

question and that makes interviews

83:16

difficult she wants to inspire everybody

83:19

with everything that she answers and

83:21

tries to get people all excited about

83:23

what she's going to do so she takes too

83:25

long to get to that if you cut out the

83:27

wind-ups her answers aren't so bad her

83:30

answers are ABS legit but that windup

83:33

makes it seem like the whole word salad

83:35

thing you don't think it's relevant that

83:37

she was born to a middle class family as

83:38

the answer to how she's gonna Sol I've

83:40

said she's got to drop that yeah but on

83:42

the flip side I mean if you listen I I

83:44

literally because I knew I'd be talking

83:46

to you guys I listened to Donald Trump's

83:48

speech in Milwaukee did any of you guys

83:50

listen to that yes I was there okay you

83:53

were there

83:55

was last one no no not Milwaukee not the

83:57

RNC not the RNC this I'm talking two

84:01

days ago two days agoing about the RNC

84:04

so KLA might have a long windup Donald

84:07

Trump has an eternal windup where all he

84:09

does is get to his slogans and talking

84:12

points and then talks gibberish the rest

84:14

of the time let me fill you in in some

84:16

of the gibberish talking about a rally

84:17

he will speak EX extemporaneously for

84:19

over an hour yeah but what he says

84:21

should matter I'll take that any day

84:23

over someone on a teleprompter 19 David

84:25

so what you're saying it doesn't matter

84:26

what he says no I think it does matter

84:28

but I think that watch I've watched

84:31

enough Trump rallies including his

84:33

speech at the convention where I was

84:35

there listening to understand what he's

84:37

what issues he stands for okay well tell

84:39

me what issues he stands for when he

84:41

diminishes Jimmy Carter who just has his

84:44

100th birthday tell me what issues he I

84:47

I've heard him say good things and bad

84:48

things about Jimmy let's put that aside

84:49

everyone makes fun of Jimmy Carter okay

84:51

so let's put that aside let's just say

84:52

it is what it is even though it's

84:54

aside we'll go that put that under the

84:56

character he started talking about

84:58

apartments with no windows that Builders

85:01

under KLA Harris are going to start are

85:03

being forced to build apartments with no

85:05

windows I haven't heard that bit yet

85:07

yeah oh I listened to this today and

85:09

then he also said but I also know that

85:11

people take a lot of what Trump says out

85:13

of context to make it seem a lot worse

85:15

if you actually listen to if you listen

85:17

to if you listen to what he says and you

85:19

don't try to um you know shade it in the

85:22

worst possible way a lot of what he says

85:24

makes sense I believe that if you if you

85:26

want to know why I support Trump number

85:28

one the Border okay unlike KLA Harris's

85:31

election year conversion he has been

85:33

very consistent ever since he came down

85:35

the escalator yes that we needed to have

85:38

a wall and that really that was just the

85:40

first part of our border security we

85:42

need to have a border Democrats not just

85:44

comma pretty much all the Democrats

85:46

fought him on that for the last eight

85:48

years to the point where understand

85:50

understand so the bord is one thing so

85:51

you got that okay so I think that and

85:54

only he has credibility in this election

85:57

on that issue number two on the on the

86:00

Foreign Wars we talked about this I mean

86:03

I don't think his record on foreign

86:04

policy was perfect but it is true that

86:07

he did not start any new Foreign Wars Jo

86:11

Biden and and and the no what war did Jo

86:14

bid the Ukraine war we could have ended

86:16

that he invaded Ukraine I've argued on

86:19

the show many

86:20

times in my view he provoked it he

86:23

provoked it

86:24

you're signing whatever to Joe

86:27

Biden he got he forced Putin to invade

86:30

Ukraine come on stop acting dumb you

86:33

understand that we tried to convert

86:34

Ukraine into a giant NATO base that was

86:36

the Russians said over and over again

86:38

that that was a red line to them it was

86:40

the brightest of all red blame it on bid

86:43

Bill Burns our current CIA director said

86:45

it best it's the brightest of all red L

86:47

of all red lines for the Russian Elite

86:50

not just Putin okay that has been a

86:52

consistent Russian you think

86:54

and more hold on a second even if you

86:57

don't believe even if you disagree with

86:58

me and you say that Biden didn't provoke

87:00

it we had the chance to end the war in

87:02

its first month with a deal at Istanbul

87:04

okay and you know the mainstream media

87:06

denied it for a year it was only an

87:09

alternative media and then finally the

87:10

New York Times The Wall Street Journal

87:12

wrote stories about it it is the truth

87:13

Victoria nulan just admitted it we could

87:15

have agreed to a deal in the first month

87:17

the Biden Administration shot that down

87:19

that is why we have the war going in

87:20

Ukraine okay so let's just say right but

87:22

remember

87:25

destructive and by the way if you care

87:26

about Israel hold on Mark if you care

87:28

about Israel you should be really

87:30

concerned about the fact that the United

87:31

States has significantly depleted its

87:34

stockpiles of weapons and artillery

87:36

ammunition in Ukraine on a war that is

87:39

futile we sent we sent them our old

87:41

David we didn't give them anything new

87:43

we sent them our old Israel gets the

87:45

Gary lead 155 155 Mill artillery shells

87:49

or 155 MIM artillery shells it's not

87:51

about New or Old okay get the Glen Gary

87:53

Le Israel gets the Glen Gary leads right

87:56

and and look and on top of that selinski

87:59

there's only so much air defense there's

88:00

only so many patriots to go

88:01

around all

88:04

right do you agree that zilinski could

88:06

have said yes to that

88:08

deal the the one in Istanbul yeah he

88:12

could only say yes to it if the US

88:13

supported it and instead we encouraged

88:15

him to fight we threw cold water on that

88:17

deal we blocked

88:19

it we should have told zinski you know

88:22

what just make that deal we Don't Need

88:24

Another War right now okay this NATO

88:26

thing's not happening anyway okay

88:28

because we're not letting zilinski into

88:30

NATO well no the guy from Norway the guy

88:32

who just took over NATO says

88:34

otherwise we're not gonna let in

88:36

zalinsky was just here in the US last

88:38

week with his so-called Victory plan you

88:40

know what his victory plan was let us

88:42

into NATO immediately so that you can

88:44

fight our war for us you no I get that

88:46

with the B Administration to its credit

88:48

rejected that okay I give Biden credit

88:50

for that the good news is Biden is not

88:52

running in this election whenever it's

88:54

inconvenient you want to pretend that

88:56

Harris has nothing to do with this Adra

88:59

I'm just giv you reality I'm giving you

89:01

real when I've had people who worked for

89:03

me and started went out and started

89:05

their own companies like shath and and

89:07

and Facebook right they're not people

89:09

have different opinions the people who

89:10

work for me do what I say period end of

89:13

story maybe they do a better J she was

89:15

just following orders basically then

89:17

you're in B defense do you think J do

89:18

you think JD Vance is going to do

89:20

anything contrary to Donald Trump if he

89:22

wins there's an abundant record I know

89:24

what JD van stands for there was an

89:26

abundant

89:27

record Harris as a senator before she

89:29

even got thep she was was rated the most

89:33

liberal member of the Senate by why

89:35

don't you answer Mark's question it is

89:37

the question is what does she really

89:38

stand for what she really J question

89:41

sorry what what's your question I'm

89:43

happy to answer it would JD Vance ever

89:45

go against Donald Trump no I obviously I

89:48

understand that a VP cannot go against

89:51

that's it in the nutshell that's it

89:52

period and now we cut half the episode

89:54

now moving on hold on a second that fact

89:57

does not prove that KLA Harris has a

90:00

different policy than Joe Biden whenever

90:02

it's inconvenient for you to admit that

90:05

what doing D no you you're doing the

90:07

exact thing you saying you're saying

90:08

that I'm doing you're trying to position

90:10

her so that everything from the Biden

90:12

Administration is she has ownership of

90:14

it and what I'm saying is just look at

90:16

what she's doing look at what she's

90:17

saying you're what see here's here's the

90:20

the Trump deranger here's the antithesis

90:23

of the Trump Arrangement syndome

90:25

syndrome right you tell whenever Donald

90:27

Trump says something stupid everybody

90:29

explains it for him when K Harris says

90:32

something smart everybody tries to

90:33

explain why it's stupid and not true did

90:35

she say something smart I mean seriously

90:37

what was the last thing she said that

90:38

was smart just curious Jason you want to

90:41

fact check the window list by the way

90:43

the window list the the window list

90:45

Thing Mark just so you know because

90:46

Nick's shared it with us it's an

90:48

architectural digest article apparently

90:50

Eric Adams the mayor of New York

90:52

proposed wind bedrooms as a way to

90:56

change the building codes to incentivize

90:58

more Apartments being built to fix the

91:01

housing crisis converting the problem

91:03

with converting the pl happens this is

91:06

the gaslighting they try to make Trump I

91:08

mean also I mean Trump lies and you find

91:11

out that there's a real basis to his

91:13

some cases he just lies anyway Trump

91:15

can't ever explain it himself why is it

91:18

that the guy that you like can never

91:20

come out and say Hey you know this is

91:21

crazy this is the most ridiculous thing

91:23

Eric Adam suggested everybody else has

91:26

got to do the research and explain what

91:27

Trump really means cuz he is losing it

91:30

he is

91:31

cogn

91:33

as as an example of trump do you think

91:36

he's incognitive client sex no I think

91:38

he's very sharp we met him personally so

91:40

let's W let's wrap the politics section

91:42

with just a final question because no

91:45

wait I I have a question yeah let's

91:46

leave politics Mark very very pointed

91:48

question why did you sell the Mavs at

91:52

this moment so I three quarters of them

91:54

not the whole thing I still own

91:56

27.7% um for a couple reasons one when I

92:00

first bought in in 2000 I I was The Tech

92:03

Guy in the MBA I was the media guy you

92:06

know broadcast.com just sold it um hdnet

92:09

just created the very first ever highdef

92:12

television network I had every Edge in

92:14

every angle now fast forward 24 years

92:17

later um in order to sustain growth to

92:21

be able to compete with the new

92:22

collective bargaining agreement you have

92:24

to have other sources of revenue and so

92:27

you see other teams and all sports for

92:29

that matter you know talking about

92:31

casinos talking about creating doing

92:33

real estate development hotel that's

92:35

just not me I wasn't going to put up two

92:37

billion dollars to you know to get an

92:40

education on building that so that was

92:43

one that's part one part two is my kids

92:45

are now 15 18 and 21 and over the next

92:50

10 years that's a lot of pressure on

92:52

them to have to take over the team or

92:54

deal with the trust you know God forbid

92:56

something happens to me deal with the

92:58

trust fund issues and so by selling

93:00

three4 of it I took all that pressure

93:03

off of them because you you guys see the

93:05

hate I mean Jason can tell you all day

93:07

long about Jimmy Dolan you know he's Mia

93:10

right now and the Knicks are doing great

93:12

do you think valuations Peak Mark I

93:15

don't think they've peaked yet because

93:17

it it for the reasons I just mentioned

93:20

if we're able to build a Venetian type

93:23

Casino

93:24

and Dallas with an American Airline

93:26

Center in the middle of it the valuation

93:28

is $20 billion but I own 27% of that uh

93:33

well and you bought it for under 300 and

93:35

you sold at 3.5 just not everybody's

93:38

keeping the records I think chath you

93:39

bought a 300 and sold at 3 billion as

93:41

well so congratulations boys actually

93:43

let me ask you a question about that

93:44

when you did it did you just do it for

93:45

fun and it worked out to be a great

93:47

business or did you think it's was going

93:48

to be a great business no I did it for

93:49

fun so you know this a great question

93:51

DAV um from 2000 to

93:54

2010 the the actual valuations went down

93:58

and in 2010 we were not even able to

94:01

sell the New Orleans Hornets the league

94:04

had to buy it right and it was right

94:06

around then that the Sixers got

94:08

purchased for 200 for the same price I

94:10

paid and you know the um the cap the NBA

94:15

um salary cap is a reflection of the

94:16

total revenues of the NBA there were

94:18

multiple years when the salary cap went

94:21

down meaning our overall revenues went

94:23

down which was great for me

94:25

competitively because I would buy first

94:27

round picks for $3 million I would buy

94:29

players from other teams that couldn't

94:32

afford to run their teams and that's why

94:34

we went on this you know 15year streak

94:36

of never having a losing season and

94:38

winning 50 games in a row for for for 10

94:40

years in a row so um you know it worked

94:43

against me worked for me competitively

94:45

but that just shows you that things can

94:47

change and so I didn't what's thatv deal

94:51

so when when um cable and satellite and

94:54

um over the air became very competitive

94:57

and they started to grow and

94:58

subscriptions grew to 130 million people

95:02

um or subscriptions that's a lot of

95:04

money and they had to compete for

95:07

Content so that there would be less

95:08

churn and I I literally remember in 200

95:11

U and one when we first signed a first

95:13

cable deal they NBC had the deal and

95:17

they were going back to David Stern

95:18

saying we need fewer games and I sat

95:21

there in one of our Board of Governor's

95:22

meetings and I'm like look TBS just

95:25

signed a deal to pay a billion dollars

95:28

per episode for repeats of Seinfeld if

95:31

you do that on a valuation per hour ours

95:34

is fresher our ratings are actually

95:36

better don't think of it as as um less

95:40

um Avail less product will lead to more

95:42

demand it's the exact opposite we're so

95:45

inexpensive we can charge more and that

95:47

led to the next TV deal and that led to

95:49

the explosion Mark you have a lot of

95:51

fingers and a lot of pots and other

95:53

business say you have a really important

95:55

thing you're doing in drugs that you may

95:56

want to talk about yeah thanks for

95:57

bringing that up smth if you look at the

96:00

next 10 years of your life so you're 66

96:02

between now 14 years between now and 80

96:06

81 what's your goal like what are you

96:08

working on what are the things that you

96:10

care about where are you putting your

96:11

Capital what are you trying to do but

96:13

number one's family obviously but beyond

96:14

that is cplus drugs.com um we're up the

96:18

health industry like you wouldn't

96:19

believe if you've seen just explain it

96:21

for the folks that don't understand

96:23

let's just say guys our age or you guys

96:25

are close enough to my age we

96:27

use a drug called tadil right for those

96:30

of you who know what it is and you it's

96:33

generic

96:36

seis SM from you

96:39

guys wait we gotta double click on this

96:41

so I've heard from saaks so you've heard

96:43

from Sachs are you a seis or a Viagra

96:46

guy saaks what's going on

96:47

here anyway both so seis just seems

96:51

better value for money

96:54

what are those never heard of them like

96:56

what is that never heard of them he's

96:57

turning red actually so if you go to

97:00

Cost Plus drugs.com and you put into Dil

97:03

when it comes up we show you our actual

97:06

cost and then we mark it up by 15% and

97:09

if you buy it via mail order then we had

97:11

$5 for a pharmacy fee to review

97:13

everything and $5 for shipping and

97:15

handling the net result of that is you

97:18

guys have a general idea of what the

97:19

price is now from all the ads you can

97:22

buy A9 pack of toila for about $9.90

97:27

plus shipping and handling so for less

97:29

than the price of a bag of M&M's you

97:31

could put up a a little cup or jar next

97:34

to your bed of either M&M's or the name

97:38

of this

97:41

website. be right back $9 for 90 days

97:45

right we're like let's

97:47

go that seems free it's incredible deal

97:50

so and but you apply that to the 2500

97:52

drugs that we have have and now all of a

97:54

sudden you see what's wrong with these

97:56

things called Pharmacy benefit managers

97:59

and the problem of an industry that's

98:00

opaque and I'll give you another example

98:02

there are drugs that are called

98:04

specialty generics and the only thing

98:06

special about them they're actually just

98:07

pills is that they're they were

98:09

traditionally more expensive so there's

98:11

a drug um called aat nib which is a

98:13

chemotherapy drug if you just walk into

98:17

um a CVS as an example and I a big big

98:21

Pharmacy um and just you have a cash

98:23

payer or a high deductible payer and you

98:25

just needed it they'll charge you

98:27

anywhere from $200 to $2,000 you have no

98:29

idea what you're going to pay if you get

98:31

it from Cost Plus drugs depending on the

98:33

V the number and the strength it might

98:34

be 21 to $30 there's another drug

98:37

droxidopa one of my buddies came to me

98:39

and said I'm losing my insurance they

98:41

want to charge me um the pharmacy wants

98:43

to charge me $110,000 a quarter for this

98:45

medication called droxidopa all right

98:47

Landon let me check then initially was

98:49

$64 a month now it's in the $20 per

98:52

month because the our cost goes down we

98:53

pass it on and that's just changed the

98:56

industry because think about what

98:58

happens when you get a prescription the

99:00

push back but Mark I mean what is the

99:02

push back you get because that's that's

99:05

none count it's counter to the trend

99:07

right so is it just infinite growth or

99:09

how does the industry respond when you

99:11

create that price differential so it's

99:14

the innovator's Dilemma they can't just

99:16

give up all of this margin they so most

99:19

of the business of Pharmacy benefit

99:21

manager not most so a big chunk of their

99:23

businesses comes from corporate um from

99:25

corporations right and self-insured

99:27

companies and they go to them and they

99:30

put together the thing called the

99:31

formulary which is all the drugs right

99:32

that's available to them and they say

99:35

we're going to price this so that we get

99:37

rebates and we'll pass on the rebates we

99:39

get from the manufacturers to you now

99:41

they say they're going to pass on 100%

99:43

of that rebate they don't they create

99:45

all these subsidiaries and everything

99:46

that skim 10% or whatever off the top

99:49

but they know that they can continue

99:51

working with these companies because the

99:52

core comp of a CEO is not to know their

99:55

healthare costs and literally for any

99:57

CEOs that are out there audit your PBM

100:01

contract audit it right now I promise

100:03

you that that PBM is going to tell you

100:05

you don't need to audit and then you can

100:07

say we want to add Cost Plus drugs to

100:10

our pharmacy supply contract and they're

100:12

going to say no you're not allowed to do

100:14

it because they know our prices are so

100:16

much lower that is disrupting their

100:19

industry are you doing this as like a

100:21

for-profit business are you losing money

100:22

on this and doing it just to help

100:24

Society what what's your plan here right

100:27

now um I'm losing money and most of that

100:29

was because we built a factory a whole

100:31

robotics driven Factory that

100:33

manufactures um sterile injectables that

100:36

are in short supply so now like with the

100:38

hurricane you know we're using our

100:40

robotics to switch over to sterile water

100:42

of all things and some other things so

100:44

that we can manufacture it and get it to

100:46

them at you know a reasonable price as

100:48

opposed to price scalene which KLA has

100:51

talked often about so you know cuz there

100:53

will be price Galene in in Pharmacy and

100:56

we're here to be an alternative so to

100:57

answer your question I've spent a whole

100:59

lot of money on these Robotics and

101:01

putting this together but our path is

101:04

hockey stick double triple hockey stick

101:07

and so we're taking business from them

101:09

and I think the traditional Legacy

101:11

companies in the did something did

101:13

something happen to you or somebody

101:16

around you that motivated you to go

101:17

after the pbms or with just his clinical

101:20

business analysis of like this just

101:21

doesn't make sense and it can be done

101:23

better so both um what happened was I

101:25

got an email from my partner co-founder

101:27

Dr Alex oshansky and he wanted to create

101:30

a compounding pharmacy in Denver that

101:33

made drugs that were in short supply

101:35

because there's always for whatever

101:36

reason some generic drug that is on a

101:38

shortage list and I'm like you're

101:40

thinking too small and this was right

101:43

around the time that the farmer bro was

101:44

going to jail and I asked him you know

101:47

how is it that this dude buys up a

101:48

one-year supply of der Prim the drug he

101:51

bought and just jacks it up and how does

101:54

that happen and he goes it just happened

101:56

I'm like well let me do some homework

101:57

and dig in and the reason was obvious

102:00

the industry was completely opaque the

102:02

first line in every single Pharmacy

102:04

contract and Health Care contract for

102:05

that matter is you're not allowed to

102:07

talk about it you are restricted from

102:10

talking about this to anybody anybody at

102:12

all so we had a completely opaque market

102:15

so we put together the website called

102:17

cplus drugs.com but really the smartest

102:19

thing that we did and it was

102:21

unintentional in terms of impact

102:23

we created a full price list so you can

102:26

get our 2500 drugs the actual price list

102:29

and we release it every week because

102:31

we're on a roll now where we've had

102:33

since last a year ago more than a year

102:35

ago every weekday we've lowered a price

102:37

on a drug and so we just put that out

102:39

and what's happened as a result is now

102:41

companies can just get the price list

102:43

and do comparisons to approximately what

102:45

they're paying because their PBM won't

102:47

tell them exactly what they're paying no

102:48

I got I have one suggestion for you

102:50

there mark you can make this a nonprofit

102:52

when you sell the Mavs you could donate

102:54

money to this then like six seven years

102:57

later you could flip it into a

102:58

for-profit and take it public there's

103:01

like a strategy here this could work out

103:03

exctly J exactly the point and you know

103:06

Sam mman is an investor no I'm just

103:08

kidding um and so um so we put out this

103:12

price list and all of a sudden Harvard

103:15

Medical and Vanderbilt and um the all

103:19

these research institutes took our

103:21

pricing and compared it to what Medicare

103:23

was paying for the same drugs and it was

103:25

like well this is what I was going to

103:27

ask you because CMS is now empowered to

103:30

negotiate yeah and this is sort of maybe

103:33

ties together with the governmental

103:34

efficiency and just do the obvious right

103:36

thing but shouldn't they just work with

103:39

you as an example and and why don't they

103:43

they are and it's just starting they are

103:45

right so here again I can't speak for

103:47

her to say what she's going to do but

103:50

here was the conversation I've had with

103:52

her team when it comes to reducing

103:54

out-of-pocket costs to deal with

103:56

inflation what I have told them

103:59

is one key area that impacts most

104:03

families at some level nobody dies

104:04

healthy is the cost of healthcare and

104:06

pharmaceuticals and by working by

104:09

requiring transparency in all contracts

104:12

signed by anybody anywhere in terms of

104:14

pricing you are going to see the same

104:16

impact on across the board pricing of a

104:18

decrease of 30 40% and so all that is

104:23

going to reduce out of-pocket spending

104:24

for everybody reduce government spending

104:26

for everybody and have a net positive

104:29

impact they see that they know had the

104:31

had that conversation with the

104:33

Republicans as well so that I mean seems

104:35

it makes sense for everybody I had the

104:37

coners a similar conversation like as I

104:39

mentioned you in the white house when I

104:41

went there um and it just didn't

104:42

resonate boys any any final questions

104:44

from Mark here as we uh not gonna ask me

104:46

about Elon and why troll Elon and any of

104:48

that good stuff I I want to know about

104:50

are you investing in AI techn techology

104:53

where are you investing in the stack how

104:55

do you think about that are you an

104:57

active Venture investor Mark I mean I

104:58

know we've obviously done some stuff

105:00

together but I'm curious like how how

105:01

you look at stuff so now I've kind of

105:02

slowed down I invested in grock right

105:04

with shamat right shamat is yeah let's

105:06

go right and he can tell you all the

105:08

reasons I we all I think we all have a

105:10

piece of that now okay well good so you

105:11

guys know the whole story right and so I

105:13

think that that's great picks and

105:14

shovels I think are important I think

105:16

the problem and this happens with all

105:18

new technologies is we're seeing the

105:20

Gold Rush right now where everybody

105:21

calls everything AI particularly with

105:24

agents and I think you can put all these

105:27

vertical agents together to do all these

105:29

different things but agents are just

105:31

going to be a feature not a product

105:33

because inherently in AI as it advances

105:35

and gets smarter then it's going to be

105:37

able to create its own agents for its

105:39

users and go forward from there so I've

105:42

been really hesitant now because you

105:44

know you're not going to invest in in

105:46

the foundational models I mean through a

105:48

fund I have part of um open AI but and

105:51

some others but it's that's just so

105:54

expensive you don't know who the winners

105:55

are going to be but yet everything that

105:58

everything that happens is going to be a

105:59

derivative of them what's your business

106:01

intuition tell you about that actually

106:03

so you have this crazy Capital race

106:05

between closed and open how do you think

106:08

that plays

106:09

out I think there are going to be um

106:12

tens of millions of models everybody's

106:15

going to have a model your kids are

106:16

going to have models you know their

106:18

little um invisible friend is going to

106:20

be a model that's in a you know a teddy

106:22

bear um that they grow up with so

106:24

there's going to be an unlimited number

106:25

of models but we don't know who the

106:28

winners are going to be to host those

106:30

models I have no idea and if you go back

106:33

over the history of Technology it's

106:36

that's always the case everybody there's

106:38

always a race to be the winner for the

106:40

foundation whether it was Broadband

106:42

whether it was networking whether it was

106:44

whatever streaming and everybody battles

106:46

it out and so it's okay and I for me now

106:49

I'm just like let me just wait let me

106:51

you there's a think there's going to be

106:53

or a chance at Job displacement what do

106:56

you think of like this uh Universal

106:58

basic income cataclysm I think I think

107:00

it's the exact opposite I think so I

107:03

think that in order to train a model you

107:07

need access to information and the

107:09

internet ain't what it used to be in

107:11

terms of being a source of information

107:13

right and so IP is becoming more

107:15

valuable you're not I think everybody by

107:18

this time expected um all the

107:21

foundational models to have all this

107:22

Healthcare information but if I'm Mayo

107:25

Clinic I'm not giving Microsoft or

107:27

Google or open AI my IP because that's

107:31

what brands me and so there's going to

107:33

be a lot of money available there and I

107:35

think um that there that is got to be a

107:39

way to there's got to be a way to figure

107:41

that out right first how does IP work

107:44

and how is it distributed and then how

107:46

are we using it just in general we

107:49

really don't know how we're going to

107:51

implement it or use it or what the the

107:52

interface is going to be and all that

107:54

will be figured out by some kid

107:55

somewhere so maybe just a wrap Mark so

107:57

these these next 10 or 15 years is it

107:59

about doubling down on these current

108:01

things making Cost Plus thing huge like

108:04

harvesting essentially or are you going

108:07

to do new things or does just the bar

108:10

you know when I'm gone I wanted to say

108:12

he did it was expensive

108:15

when we were sick it ain't expensive no

108:17

more and to me that's that's the

108:19

ultimate Mission now it's fun to learn

108:22

AI and you know build models and do all

108:24

that stuff right um but when it's all

108:27

said and done to me

108:29

that's let me ask you a final final

108:31

question then uh We've uh you you've

108:34

done a reality show just retired from

108:36

that cashed out of three qus of the

108:39

Mavericks check did that um helping

108:42

people with uh this Cost Plus drugs and

108:46

and saving people money it's a pretty

108:48

noble Mission kind of adds up to you're

108:50

going to run for president and there's

108:53

no way no why not it would be a great

108:54

thing to do you've checked off all the

108:56

boxes why would he too old now too old

108:57

now right Mar what are you talking about

109:00

20 years younger than Trump and bipia is

109:02

wrong I changed I'm a sock puppet in my

109:04

spare time I changed four years from now

109:06

eight years from now would you would you

109:08

even consider it or

109:10

you yeah right of our era right how

109:13

would you process making that decision

109:14

my kids hated the idea my wife hated the

109:16

idea they want you know it's hard enough

109:18

for them to have a normal life as it is

109:21

um and that just takes to a whole

109:23

another plus you'd have to run as a

109:24

republican because Democrats hate

109:26

billionaires like you Bloomberg right

109:28

you saw what happened to Bloomberg yeah

109:30

but $100 million made it to the first

109:32

question of the first debate boom

109:34

Elizabeth War knocked him out but let me

109:36

just tell you this and we don't have to

109:37

talk more about politics parties don't

109:39

exist anymore they don't they're there's

109:42

fundraising vehicles and they have

109:45

procedures in place but this is Donald

109:48

Trump he took over the Republican party

109:50

they do what he says and KLA Harris has

109:52

learned from Donald Trump give him

109:53

credit she has learned what worked for

109:56

him they're not stupid she has learned

109:58

that she has got to be that personality

110:00

that takes over and they' have got to do

110:02

what she says you haven't heard a word

110:03

from Bernie or Elizabeth Warren and

110:06

that's not unintentional she is doing it

110:08

her way now whether or not you agree

110:10

what she's doing or her approach to win

110:13

everybody can argue and that's what

110:14

makes a market but there are no

110:15

political parties anymore and the idea

110:17

of the the ideology of a party on the

110:20

Democratic side is no more in place than

110:22

on the Republican side all right so uh

110:25

with that my Nicks got a shot this year

110:27

what do you think yeah I thought the

110:28

trade was great I thought trade was

110:31

great trade was great C I think cat's

110:33

great I mean he's a little weak on the

110:35

defense but he's but with KP right

110:38

that's what they're doing how do they

110:39

match up with Boston and so KP and Cat

110:43

match up and that's why we got a shot

110:44

you're saying there's a chance Myck

110:46

might get there I'm saying you and Jim

110:48

Carrey have a lot in common there's a

110:50

chance all right everybody this has been

110:52

another amazing

110:54

episode thanks come back anytime Mark

110:57

and we'll see you all next time byebye

110:59

thanks guys that was awesome they'll

111:00

give you instructions and I upload and

111:01

I'll see you a game soon appreciate it

111:03

you guys are awesome cheers and I don't

111:06

mind arguing Dave I love to argue this

111:07

stuff right I know I know look I give

111:09

you credit you're fun to talk with and

111:11

argue with and you obviously don't take

111:13

it personally and I appreciate that and

111:16

uh yeah I give you credit for having fun

111:18

with it I know too many depressed

111:19

billionaires

111:20

so I give you I give you a lot of credit

111:23

yeah I don't get that but you know what

111:25

if you were if you were when you were

111:26

poor you're up when you're rich

111:28

right and it just doesn't change

111:30

anything I was hoping you we talk about

111:32

Elon actually well we could still go

111:34

there where's Jacob we can still go

111:35

there you can ask the question if you

111:36

want all right two of my besties last 25

111:41

years you and Elon is this uh you guys

111:44

just uh goofing on each other you got an

111:46

issue with Elon that's sincere or is it

111:49

just playful fun trolling so two things

111:52

one as an entrepreneur elon's like the

111:55

of the of the right yeah

111:57

there's I'm a huge fan what he's been

111:59

able to accomplish is insane it's

112:02

incredible I would never diminish

112:04

anything he's done as an entrepreneur as

112:07

a Twitter user he's a troll and I mean

112:11

he just trolls to troll to troll and

112:14

every good troll deserves a foil right

112:16

somebody to troll back and it's just so

112:19

easy and so much fun um now you know I

112:22

get some of the underlying principles I

112:23

think at least in my mind like when he

112:25

talks about what do you think about the

112:26

First Amendment principle that he's

112:27

doing here of like radically changing

112:30

Twitter from like it's pretty control to

112:34

hey anything goes I think that's almost

112:36

anything goes I think that's a fear of

112:37

losing um users so I think that within

112:43

the conservative Community they are more

112:45

joiners and heavier um social media

112:49

users participants yeah yeah

112:51

participants so

112:52

they they subscribe to more things they

112:55

listen to more podcasts they're more

112:57

active and I think you recognized that

113:00

and that was a fundamental underpinning

113:02

of why he kind of connected to them on

113:06

the free speech thing because he still

113:08

has its limits obviously it's his

113:10

platform and what he doesn't want

113:12

doesn't get shown so I think that's why

113:14

and I can't blame him um I wish he would

113:17

call me I'd help him on on his his

113:19

revenue and all that and then I think on

113:21

the immigration side

113:23

here's my theory and you guys can tell

113:25

me if you agree or

113:26

disagree I don't think he's

113:28

anti-immigration like he says you know

113:31

anti- illegal immigration um where

113:33

anybody who's in the country should be

113:35

deported I think as an immigrant himself

113:38

and I'm second generation you guys are

113:40

you know immigrants at some level we all

113:42

are but I think as an immigrant himself

113:45

he thinks that the number of illegal

113:47

immigrants in this country and the hate

113:49

that's pushed towards them

113:53

carries over to Legal immigrants

113:55

including himself and I think he by he

113:59

believes that by diminishing the illegal

114:02

or the non-citizens in this country and

114:05

asking for their removal it improves the

114:07

standing of the legal immigrants

114:09

including himself and so that's kind of

114:12

my theory on on both of those things

114:14

interesting yeah it's a it's certainly

114:18

different honestly I don't think you

114:19

need much of a theory to explain elon's

114:21

views because he's just so transparent

114:23

about what he believes I truly believe

114:24

that his core conviction and the reason

114:27

he bought Twitter X is because he wanted

114:31

to unlock it as a free speech platform

114:33

yeah I don't I don't think so well I

114:35

don't know how much more money he can

114:36

lose in pursuit of that go but see

114:39

here's why here's why I disagree you

114:41

don't take other people's money to do

114:43

that if he put I don't think he knew he

114:45

didn't know that he would get boycotted

114:47

by all these advertis advertisers but he

114:49

knew he knew that I think he went in

114:53

open eyes carried the sink in the door

114:55

to run it with some improvements

114:58

operationally which he did a great job

114:59

of and to taking out a huge amount of

115:02

the cost structure which he did but

115:04

Jason and I were there on the first day

115:05

the first day he took over there was an

115:08

organized boycott of advertisers and

115:10

they called him anti-semitic which is

115:11

ridiculous before he even had a chance

115:13

to one thing about that site so I've

115:16

heard from a lot of those folks um and

115:20

it's not so much

115:22

look when you talk about Free Speech

115:24

Free Speech applies to advertisers as

115:26

well they get to associate with whoever

115:28

they want to no matter what so so there

115:31

there are un unless there's a unless

115:34

there's a a collusive effort going on to

115:36

sort of organize I get that organization

115:38

just dissolved immediately so there

115:40

weren't but look I could from my own

115:42

self right I don't understand why you

115:44

won't give them credit for believing in

115:45

free speech that's clearly I I have no

115:48

problem with free speech look I've

115:49

always said people like get rid of the

115:51

anti people you get anti-semitic tropes

115:54

I get you know zillions of anti-Semitic

115:56

tropes you know in my in in my replies

115:58

just they're nonstop I mean I'm not

116:01

white you know my grandparents changed

116:03

their name to from chabinsky to Cuban

116:05

not even intentionally and so it's

116:06

always your real name is chabinsky wife

116:08

there's just the hate there is insane

116:10

and my attitude has always been I want

116:12

to know who the morons are I have no

116:15

problem with them still being allowed on

116:17

the platform but the tradeoff is for

116:19

advertisers they don't want to be

116:21

associated with that there is no upside

116:24

for being on Twitter right now or Exon

116:26

right now and you add to that the porn

116:29

kids 13 years old can go on that site

116:32

and you can find any insane thing you

116:34

want on X right now and that also is a

116:38

problem for advertisers that's part of

116:40

Free Speech but you got to pay the bill

116:43

when you're willing to accept that I

116:45

don't think he realize just how deep

116:47

users will go in order to use their free

116:50

speech and I think that really surprised

116:52

him and so that's why I don't think that

116:54

he bought it specifically for free

116:56

speech because I think he's always one

116:59

of the things I really admir I don't

117:00

know I mean he said he said before he

117:02

bought it that he was going to open it

117:03

up as a free speech platform and this is

117:05

why hold on this is why the left

117:07

immediately started boycotting him

117:09

before he even changed one policy Jake

117:11

out help me out you were there the first

117:13

freaking day I know for a fact was a

117:16

free speech mission for him I do think

117:19

you know multiple things can be true

117:21

Mark you are correct that if you have

117:23

spicy content advertisers don't want

117:26

anything to do with it and they have

117:27

choices and it's also one of the smaller

117:29

platforms they have choices that have

117:30

more scale so that makes it even easier

117:32

and it's also true that they're

117:34

boycotting him and specifically

117:36

targeting but all these things are

117:37

happening at the same time that's fair

117:39

and I and I think you know when you look

117:41

at what he's done there we'll look at it

117:44

historically as this place that was very

117:47

controlled and clean and owned by the

117:50

press and the elites became this chaotic

117:54

thing but also ultimately the one place

117:57

where at scale you cannot be cancelled

118:00

and you know if you look at cancellation

118:02

as a concept the number one place to get

118:04

canceled was Twitter you said something

118:06

even slightly off man they came down on

118:08

you they destroyed you and now now that

118:11

we've gotten rid of cancel culture and

118:12

people can say what they believe and

118:15

people can make I don't know why it's

118:16

necessary to find I do think let just

118:19

finish the thought I do think that that

118:20

will be looked at as a beautiful thing

118:22

that he gave to society as a gift and it

118:24

will be looked at as a a really

118:25

challenged business because it was an ad

118:27

business that lost its advertising base

118:30

and apple and Disney have choices I

118:32

don't see the need here to look past or

118:35

or to look for an ulterior motive in

118:37

what elon's doing Elon believes in free

118:39

speech it's very clear he's run the

118:41

platform that way and it's cost him

118:43

money so what else could the motivation

118:46

be except his principles obviously but

118:48

he was also addicted to it I can tell

118:49

you that as the person who got him I

118:51

know but that's not that's not why he's

118:54

running run as a free speech let me give

118:56

you my calendar to that you know him

118:57

better than I do I why why are we even

118:59

having this debate who cares I mean I'm

119:01

just CU he run he's running as a free

119:04

speech platform yeah and that's fine

119:05

obviously it's his choice that that is

119:07

free speech by Def let me ask you

119:09

actually to me this debate is is kind of

119:11

pointless but let's let's talk about

119:12

actually the the issue there's a new

119:14

story this week where open AI just

119:17

raised was it six billion at150 billion

119:21

valuation

119:22

um they originally started that

119:24

Enterprise with 50 million or so from

119:27

Elon it was a nonprofit then they became

119:30

a for-profit now there's a report saying

119:33

that they're telling investors in this

119:35

round that they can't invest in any

119:37

other AI companies so they're acting

119:39

like I mean they've gone from nonprofit

119:41

philanthropy to piranha for-profit

119:45

company that's pretty sharp elb Sam is

119:47

sharp elbow Sam said he wasn't going to

119:49

take compensation now he's getting

119:50

compensation yep I mean what do you

119:52

think about this I mean look it's their

119:56

company they get to do what they want

119:58

period false pretenses I mean if but

120:01

then don't but but don't invest I mean

120:03

he didn't invest he gave him a donation

120:05

let me which leads to something I want

120:07

to say very positive about Elon put

120:09

aside his genius in coming up and

120:11

running these companies the one thing I

120:14

I respect the most about Elon Musk and

120:17

he does more than anybody I've ever seen

120:19

and that is he goes all in he doesn't

120:23

just you know he takes every scent he

120:25

has and he believes in it and he goes

120:27

all mother in he never Hedges his bet at

120:32

all until Twitter right that's why I say

120:35

you know he brought in investors you

120:37

know he brought investors to Tesla and

120:39

everything but initially he went all in

120:40

himself you know I think with Twitter I

120:43

think he was kind of surprised but going

120:44

back to open

120:46

AI I don't I wouldn't do business with

120:48

people like that and there are people

120:50

who just look for what think is the next

120:52

big thing and I certainly could have

120:55

given him money didn't give him money I

120:57

said one of our funds that I'm in G did

120:59

give the money originally didn't give

121:00

them money another time to me that's

121:02

just wrong and that catches up to you

121:04

when people over investors and whatever

121:07

it always comes back karma's a in

121:09

business too now you know Gemini with

121:13

Google I've done a lot of stuff with

121:14

them notebook is insanely good Gemini

121:17

1.5 is insanely good meta as open source

121:21

on what they're doing doing is getting

121:22

better and better there is no you know

121:25

it there's nothing that says that open

121:27

AI is going to win nothing at all and so

121:31

I don't feel bad about what they're

121:33

doing and to me it tells me they're more

121:36

scared than anything by trying to

121:38

restrict what people are doing y That's

121:41

perspective is it says it's more a

121:43

reflection of Sam than anything else is

121:47

is what you're saying yep well I mean

121:49

that would be reflected in the fact that

121:50

so many people who are the co-founders

121:52

have left yeah um that that's a really

121:55

big red flag this thing is going to

121:57

change the world every all the

121:58

co-founders leave I heard 40 of the 44

122:00

co-founders left yeah the original

122:03

employees I mean I don't know if that's

122:04

true but that's and then if you well I

122:07

mean if you also think about this

122:08

business chth and where it's headed

122:10

sorry there wait there were 44

122:12

co-founders the Donald Trump c m thing

122:15

yeah yeah no but I mean if you we we did

122:19

a joke about it last week but if you

122:20

just look at the the competition set

122:23

that they're up against they're losing 5

122:25

billion a year they're making three and

122:26

a half they put this thing at 150

122:29

billion it's 40 times 50 times Revenue

122:32

to fill in that valuation on a price to

122:34

sales basis you know it's kind of crazy

122:37

here's the one thing that I'll say and I

122:39

think Mark said this in a different way

122:41

but I'll just I don't think you can

122:44

underestimate how companies like Google

122:47

Microsoft Facebook Apple Amazon will

122:52

react when they feel cornered and I

122:55

think in in the last 20 to 25 years what

122:58

you've seen is those companies when

122:59

their backs are against the wall they

123:01

use money their sharp elbowed but the

123:04

consistent thing is they've won and so

123:06

the real question is do people look at

123:08

the chart of the users because typically

123:10

what happens is it's users what tilts

123:12

these companies when something some

123:14

upstart you remember when Snapchat was

123:17

about to explode yeah there was a

123:18

decision we're going to decapitate this

123:20

company Facebook did that they relegated

123:23

it to

123:24

the Zinga there's many so the real

123:28

question is when they see that this app

123:30

is going to be at three or 500 million M

123:34

and they appear on some list where

123:35

they're bigger than I don't know pick

123:38

your favorite app inside of meta or

123:40

Google ever yeah will they freak out and

123:42

if they do freak out what do they do oh

123:44

I can tell you they're freaking right

123:45

now oh yeah it's an it's an existential

123:48

risk to them right and the crazy I mean

123:50

look what Microsoft did they

123:52

bought thre Mile Island the nuclear

123:55

reactor they bought it everybody's

123:59

looking for the ankle and the crazy part

124:01

it's really crazy yeah there used to be

124:02

Mo's law that everything followed right

124:04

the price performance curve always went

124:06

like this you know when power goes up

124:08

now because you don't know you don't

124:10

know what you don't know and what you

124:11

need to do next that's part of the

124:13

challenge that um Elon has with Tesla in

124:16

terms of full service driving you don't

124:18

know what you need to do next to get

124:20

there to solve problem you have a Tesla

124:22

Mark I do and I do also I also have a

124:25

Kia EV I have a Tesla EV and I have a

124:27

Kia EV do you use the FSD and if so how

124:30

is it what do you I have but I I stopped

124:32

using it just because it terrified me um

124:35

because it doesn't know what adversarial

124:38

things that doesn't know because you

124:40

know you know anything that's

124:42

adversarial that something it has to

124:43

train on something that's seen and it's

124:45

not smart enough to um figure out what

124:47

it hasn't seen and whether or not it's a

124:49

risk and I've said this before my my um

124:52

four-year-old mini Australian Shepherd I

124:55

can put it in a risky situation to cross

124:58

the street and Trust it'll get across

125:00

the street no matter what it is it

125:02

doesn't have to be pre-trained you can't

125:04

do that with um full service driving yet

125:06

and so until that gets to where it needs

125:09

to be where adversarial issues aren't an

125:11

issue I'm not going to fully trust it I

125:14

have the

125:16

12 Mark you've been really fun to talk

125:19

to so good to you this has been over

125:21

time with the Allin podcast with Mark

125:23

Cub we'll see you all next time got it

125:25

guys thanks so much love you

125:28

byebye let your winners

125:31

ride Rainman

125:35

David and in said we open source it to

125:38

the fans and they've just gone crazy

125:40

with it love queen

125:45

[Music]

125:48

of Besties are

125:52

that's my dog taking a your

125:56

driveway oh man my habit will meet me at

126:00

we should all just get a room and just

126:01

have one big huge orgy cuz they're all

126:03

this useless it's like this like sexual

126:05

tension that they just need to release

126:06

[Music]

126:12

somehow we need to get merch our

126:17

[Music]

126:22

I'm going all in

Interactive Summary

Mark Cuban joins the All-In podcast to discuss his views on the 2024 election, his complex history with Donald Trump, and his business ventures, particularly Cost Plus Drugs. The discussion covers his reasons for supporting Kamala Harris, his take on inflation causes, and his thoughts on current AI developments and entrepreneurship.

Suggested questions

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