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Epstein Files: How New Documents Expose a Wider Network | Pivot

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Epstein Files: How New Documents Expose a Wider Network | Pivot

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1822 segments

0:00

There needs to be more prison and more

0:02

judgment around who was in the wrong

0:04

place at the wrong time.

0:05

>> Yes, I agree. But there's a lot of

0:06

people who knew exactly what they were

0:08

doing.

0:14

>> Hi everyone, this is Pivot from New York

0:15

Magazine and the Vox Media Podcast

0:17

Network. I'm Carara Swisser

0:19

>> and I'm Scott Galloway.

0:20

>> Resist and unsubscribe. February has

0:22

begun. How's it going? You You've been

0:24

putting up a lot. You've been really

0:25

getting rid of [ __ ] I've been getting

0:27

rid of a lot, but not like you. I still

0:29

have Uber. I was just gonna pause it and

0:31

use Lift instead.

0:32

>> Yeah, it sucks when you got to walk the

0:33

walk. Um

0:34

>> I know. I know.

0:35

>> So, I mean, I'm insight. You'd be a

0:38

better judge of how it's going than me.

0:39

I mean, I've I've literally I've gotten

0:41

hundreds and I'm about to cross a

0:43

thousand emails of people with

0:44

screenshots of them unsubscribing.

0:46

Obviously, you need hundreds of

0:48

thousands, maybe millions. I'm going on

0:51

CNN, MSNBC, PBS. I'm doing all I'm doing

0:53

the rounds there. I've heard from

0:56

>> about taking off, I have to tell you.

0:57

I'm hearing it from lots of people.

0:59

>> Oh, thanks. I think Well, I hope you're

1:01

right. You're probably being generous

1:02

because you like me, but I've heard from

1:04

about a third of the companies, either

1:05

their CEOs, and they've been very

1:07

polite, but they're like, "You realize

1:09

that I supported this and I'm against

1:11

ICE." And I'm like, "Yeah, to me you

1:12

are, but I haven't heard you say dick

1:14

publicly,

1:15

>> not dick."

1:15

>> Um, and what's interesting is through

1:18

the process, for example, I unsubscribed

1:22

from Uber or I cancelled my Uber

1:24

account.

1:24

>> That was a big one. I thought that was a

1:25

big deal.

1:26

>> Oh my god. Before you go, it tells you,

1:27

all right, I've ordered 37 times from

1:29

Uber Eats. How many Ubers have I taken

1:31

in the last 10 years? Guess

1:32

>> I don't know, thousands.

1:34

>> 3747.

1:37

>> And I did some I did some math here.

1:39

>> Everyone thought you had a private

1:40

driver. I'm like, he doesn't have a

1:42

[ __ ] private driver.

1:43

>> It's called Uber. It's called Daros.

1:45

>> Yeah, that's right.

1:45

>> Anyways, I absolutely love Uber Lux. And

1:48

this is a story of privilege. Let me do

1:49

my land acknowledgements. Most people

1:50

don't have the money I have. Anyways,

1:52

but I've taken 350 Ubers a year for the

1:56

last 10 years on average. The average

1:58

price of Uber Lux has gone from 40 to

2:01

$60 to 80 to120. And this is what these

2:03

companies do. They do predatory pricing.

2:06

They price it below market. Incredible

2:08

value proposition. They wait till they

2:09

consolidate the market. Then they start

2:11

raising prices, which Uber has done 7 to

2:13

10% a year for the last decade. So this

2:15

year in 2025, do you know how much I'm

2:18

spending a year on Uber?

2:19

>> No. What? I'm spending $34,000 a year on

2:22

Uber.

2:22

>> What?

2:23

>> So, I figured it out.

2:25

>> I figured it out.

2:26

>> Okay.

2:28

>> Everywhere. I go everywhere.

2:29

>> You could have hired a driver. Yeah.

2:31

>> Okay. No, better yet, I figured it out.

2:34

I'm now taking the tube here. I'm taking

2:35

the subway. By the way, the subway in

2:37

New York is amazing.

2:39

>> And I'm I'm I'm filling in the gaps with

2:41

Uber X, whatever it's called, the cheap

2:43

one where you get an air freshener and

2:45

you know, a guy who can't figure out

2:47

ways. That was probably a hate crime.

2:49

Anyways, and then but I figured out the

2:52

money I'm going to save, I could buy,

2:55

including insurance and parking. I could

2:57

lease a Mercedes G Wagon, a Range Rover,

3:00

or the new BMW i Series 7. People do not

3:04

realize how much money they are spending

3:07

>> on these platforms because they get you

3:09

in, they automatically renew. Time goes

3:11

faster than you think,

3:12

>> right?

3:13

>> I found out I have three Chachi BT

3:16

subscriptions. I'm not sure why, but I

3:19

have three

3:20

>> drunken night.

3:21

>> I have four Apple TV Plus subscriptions.

3:25

I'm like, how do I log on here? And I

3:26

just log on again or I just create a new

3:28

account.

3:29

>> I have been I switched from AT&T, which

3:31

has been a supporter of ICE. I'm saving

3:34

>> approximately $70 a month on AT&T,

3:38

switching over to Noble, which I did

3:39

before. Mhm.

3:40

>> Anyways, I'm I'm doing I'm trying to

3:43

unsubscribe from some from something

3:45

every day and do some analysis around

3:47

>> what I've spent and what it's cost. But

3:50

>> may I ask a question because someone did

3:51

bring this up. Would you get rid of your

3:53

stocks in these companies?

3:56

>> Oh, that's a tough one.

3:57

>> I know. That's what I thought. I thought

3:58

it was a good question.

4:00

>> Okay, this is the bottom line.

4:04

I think I'm going to have to. Yeah.

4:06

>> Um I'm also thinking about transferring

4:09

all of my stocks and bonds and assets

4:12

from

4:14

from Goldman and uh going either to a

4:18

regional bank or even a Canadian bank. I

4:21

feel

4:21

>> RBC whatever.

4:22

>> I just don't want to hate I don't want

4:24

to hurt Americans, but I think I might

4:25

go to a regional bank.

4:26

>> Yeah. Uh, but I am I am going to I am

4:30

going to try and walk the walk here. And

4:32

every day I'm I'm unsubscribing or

4:34

cancelling from

4:34

>> Yeah.

4:35

>> from something. But yeah,

4:37

>> it gets easy to harder. That's It was a

4:39

good question from a listener. I thought

4:40

Let's listen to some of what our

4:41

listeners have called in to tell us

4:43

they've done.

4:44

>> I unsubscribed from Apple TV.

4:46

>> I have personally unsubscribed from

4:48

every streaming service that is

4:50

currently out there.

4:53

Personally, I had given up Amazon three

4:56

egregious Jeff Bezos acts ago. I had

5:00

been guilty keeping the Kindle

5:03

Unlimited. That is gone as of today, as

5:05

is Apple Fitness.

5:07

>> This is Michael in Cameroon

5:10

and I have cancelled my Chat GPT Pro and

5:14

Amazon Prime.

5:16

>> Amazon acquired IMDb 25 years ago. I've

5:19

been paying for the pro membership

5:21

subscription for the last 20 years. It's

5:23

a pain, but I can find this information

5:26

elsewhere. So, click

5:29

>> good. This is all different. You don't

5:30

realize how how we how much stuff we pay

5:33

these people everywhere. And also,

5:35

what's really helpful is you gave

5:37

examples of what you can go to helping

5:39

people go to other things. Now, can I

5:41

just make one point? Not everything is

5:43

perfect. No company, all companies have

5:45

been involved in all kinds of nefarious

5:47

activities that you don't like, but you

5:49

got to meet the moment for now. And you

5:50

could always go back to them, right, at

5:52

at some point. That's the thing. It's

5:54

you're sending a message right now like

5:57

uh I have to give up the Amazon stuff. I

5:59

got to work on that today. Like I I use

6:01

Amazon a lot. My wife's shift shifted to

6:04

local retailers, which one of the

6:05

problems is you can't find products

6:07

because of the tariffs. Like, and that's

6:09

diff stuff you use every day. Uh, but

6:12

I'm really um I think this is a great

6:14

effort, Scott Galloway. I just

6:16

>> Thanks. And the I mean a few things.

6:18

One, I'm not telling people not to go to

6:20

work or not to buy groceries. I don't

6:22

think someone who has the blessings I

6:24

have is in a position to tell people to

6:27

take risks with their employment or

6:29

really sacrifice around things like

6:30

food. What I'm suggesting is this is a

6:33

signal and a framework for how you

6:35

inflict the maximum damage with a

6:36

minimum amount of sacrifice. And that is

6:39

if you were to say stop shopping at

6:41

Kroger's and reduce your grocery spend,

6:43

I think you have X impact. When you go

6:45

after big tech who has the presidents

6:47

and the markets a year in subscription

6:50

revenue where these companies are

6:51

trading at 30, 50, 100 times revenues,

6:54

you have 40x the impact on the

6:56

administration with what is in my view a

6:59

fairly minimal sacrifice. When you look

7:02

at how many substitutes there are and

7:03

when you actually uncover how much money

7:05

you're spending and what is really

7:07

required to not participate, it's not as

7:10

much as you think. There is there's the

7:13

tube, there's Uber X, there are a ton of

7:15

streaming media platforms, there are

7:17

free 30-day Spotify accounts if you

7:20

cancel and then resubscribe. It's

7:22

there's a lot of ways here to have a big

7:24

impact without a huge you don't have to

7:27

take your entire Saturday and go to a

7:29

protest. And I'm not discouraging pe

7:30

people from doing that, but if you want

7:32

to look at maximum impact relative to

7:35

the investment or the sacrifice,

7:38

uh I think this is it.

7:39

>> Yep. I like the three three egregious

7:41

Jeff Bezos acts ago. We're in like 10 at

7:44

this point. Anyway, keep going. Keep

7:45

going. Keep putting those things up.

7:47

I'll keep Well, people you can find hund

7:50

hundreds of dollars that you can take

7:51

away from them and and they will know.

7:53

It does add up. a a little tiny drop

7:56

becomes a great stream and then an

7:58

ocean. So anyway, we've got a lot to get

8:01

to today, so let's dig in. The Justice

8:03

Department released this was something

8:05

over the weekend. 3.5 million new pages

8:07

of Epstein related files late last week.

8:09

They're not even the worst ones. There's

8:11

3 million more. That must be the worst.

8:13

Including 2,000 videos and 180,000

8:16

images a mere 42 days after the fedally

8:19

mandated deadline. By the way, they are

8:20

not following the law. There are

8:22

millions more they need to release. They

8:24

said they weren't going to, but they are

8:26

going to have to, I think. Deputy

8:28

Attorney General Todd Blanch said the

8:30

release brings the DOJ into compliance

8:32

with the Epstein Files Transparency Act.

8:34

It doesn't. The lawmakers and survivors

8:36

are calling the document inadequate and

8:38

filled with redaction errors. At least

8:41

5,300 documents mention Donald Trump. A

8:43

lot of these are unverified tips, but

8:45

Trump said he's been told the latest

8:46

release absolves him. It does not. The

8:49

files show how Epstein's network

8:51

stretched across Hollywood, Wall Street,

8:52

Washington, Silicon Valley. That's

8:54

what's really quite fascinating here

8:56

with people like Brett Ratner who was

8:58

just at the White House with he did the

8:59

Melonia document, Howard Lutnik, who

9:01

lied about being in touch with Epstein

9:04

who made a big show of not thinking he

9:06

was awful and then was hanging out with

9:07

him in his place in in the Caribbean.

9:10

Bill Gates, Elon Musk, all appearing in

9:12

the documents. Elon Mus look like he's

9:14

losing a having a a stroke in real time

9:18

um uh over these things and trying to

9:21

pretend he doesn't mean anything. So

9:24

talk about this and obviously another

9:26

person has kind of caught up some we've

9:27

talked about Peter Atia a number of

9:29

really distasteful texts thousands of

9:32

them um actually uh so lots of people

9:35

involved they really stretch the gamut

9:37

and they're all very social with each

9:39

other Casey Wasserman who's running the

9:41

Olympic uh uh effort for example

9:44

apologized um I'll take note just so you

9:47

know a lot of fake Elon emails floating

9:50

out there but it's clear his

9:51

relationship with Elon is not how he's

9:52

framed it in the asked, which is he

9:54

wasn't interested. He's been posting on

9:56

X all weekend saying is where his emails

9:58

to Epstein could be misinterpreted. He's

10:00

also back and forth with Reed Hoffman,

10:02

who Reed really got him, saying if you

10:04

really cared about the victims, you

10:06

wouldn't have spent $210 million on

10:08

Donald Trump and also have all that uh

10:11

non-consensual uh uh stuff on on on

10:15

Grock, which I think is absolutely

10:17

right. So, thoughts, Scott? I mean, it's

10:19

been pretty riveting in a lot of ways.

10:22

Yeah, it's it I mean there's just so

10:25

much here. One, I think you have to put

10:27

on your critical thinking cap and

10:30

discern between different acts, criminal

10:33

acts, poor judgment, and people who are

10:36

just unlucky. Um, any other

10:38

administration would be taking advantage

10:40

of the moment to say we have appointed a

10:42

special counsel here and we are going to

10:44

prosecute people based on this

10:46

information.

10:47

and

10:48

>> the criminal

10:50

>> if if if you had sex with an underage

10:53

girl, you should be subject to criminal

10:56

prosecution. And these files seem to

10:59

seem to indicate that that absolutely

11:01

happened here. And if all this [ __ ]

11:04

about concern over the victims, well,

11:06

okay, the way you bring closure and

11:08

create incentives such that other people

11:09

don't do this is you criminally

11:10

prosecute. There's another group of

11:13

people that I think is even bigger and

11:14

that is the people who have demonstrated

11:16

really poor judgment by cohorting,

11:19

collaborating, commiserating with a

11:21

convicted pedophile.

11:23

>> Let me add Steve Bannon was right up in

11:25

his group. He was they were like

11:27

freaking

11:27

>> right. And those people should be

11:28

shamed. Maybe those people maybe we

11:30

should not be comfortable with those

11:31

people in leadership positions. I'd like

11:33

to think the bar for you know president

11:36

is that that would not clear that bar.

11:39

So, but people get to decide if they're

11:42

comfortable with that those errors and

11:44

judgment. And then I think an even

11:46

bigger concentric circle is a lot of

11:48

people who are just in the wrong place

11:50

at the wrong time. And I don't I I you

11:52

know I don't want to I'm not saying

11:54

absolve them of all or I I don't think

11:56

they're guiltless, but I do think a lot

11:58

of people got invited to some conference

12:00

about philanthropy or whatever and ended

12:02

up in the Epstein files.

12:04

>> Yeah. No, I know. I listen, oddly

12:06

enough, I I I will say full disclosure,

12:09

I we sent Epstein a note to go to dive

12:12

into media because we bought a TED list

12:15

and he was a big a lot of those people

12:17

in these files are all ex TED people.

12:20

They were and so we bought mailing list

12:21

and there's an email uh that which is a

12:24

mailing list email. It wasn't from me.

12:26

um he was on it and then for some reason

12:29

some of the people around him sent him

12:30

articles I wrote and that's you know so

12:32

I searched myself immediately and that's

12:35

the pretty that's the extent what I can

12:37

find I have been at parties as I said

12:39

where big huge dinner events at like TED

12:43

Ted was where he showed up a lot um

12:46

where he apparently was I never met him

12:49

but I mean you that's what you're

12:50

talking about correct but or I think

12:53

mine's even less than that

12:54

>> Elon Musk who appears who have been, you

12:57

know, had a lot decent amount of

12:58

interaction with Jeffrey Epstein

13:00

immediately goes on the offensive and

13:02

tries to start pulling Reed Hoffman into

13:04

it and Reed looks like he was squarely

13:06

on the outer circle here.

13:08

>> Yeah, I would agree. I know a lot about

13:10

his

13:11

>> That's how gross this is getting. The

13:12

other observation

13:14

is that there's pedophilia

13:17

and what's going on here in some ways is

13:20

worse. What do I mean by that? I do

13:23

think there are pedophiles who have a

13:26

psych a psych psychiatric ailment

13:30

where they are unnaturally

13:32

attracted sexually to children and I

13:36

think a lot of them not a lot of them

13:38

some of them recognize this ailment and

13:40

seek treatment some do not and some end

13:43

up becoming pedophiles and should end up

13:44

in prison. I think in some ways this is

13:47

worse in the sense that I think the

13:49

people guilty of having sex with

13:51

underage girls here while the term is

13:54

pedophilia what it is is a group of

13:57

people who feel they are not subject to

14:00

laws and the standards that everyone

14:03

else is subject to. I think they think,

14:05

"Oh, this is fun. It's a party and if I

14:08

have sex with an underage girl, I can

14:10

that's fun and it's a thrill and I can

14:12

do it because I am not subject to the

14:14

same standards and laws as everyone

14:17

else." Mhm.

14:18

>> So, while I think a lot of these people,

14:20

if in fact there was, and it appears

14:22

there was, criminal

14:24

uh rape, I I'm not sure they're

14:27

pedophiles, what they are is people

14:29

who've decided that because of their

14:30

money, power, and proximity to power

14:32

that they're not subject to any

14:34

standards whatsoever.

14:35

>> Party. Go ahead. Go ahead.

14:37

>> In my opinion, in some ways,

14:40

that's that's the sickness that infects

14:43

our powerful. Well, what's interesting

14:45

is how it cuts across party lines,

14:48

right? You have all these

14:49

Democratleaning people.

14:50

>> Yeah.

14:51

>> Kibbitzing with like a Steve Bannon,

14:53

kibbitzing with a this and that.

14:56

>> All unified around partying and having

14:58

sex with

14:58

>> St. Barts. Yeah.

15:00

>> Yeah.

15:00

>> Girls and stuff like that. That's what

15:03

was gross. I do think I I want to zero

15:05

in on the judgment thing here because

15:07

there is judgment of what you what you

15:09

should and shouldn't do. like, you know,

15:12

everyone knew what this guy was back

15:15

then. Trust me, they did and they went

15:17

anyway. And so, bad judgment on Bill

15:20

Gates's part, and I think Melinda Gates

15:22

has talked about this. Howard Lutnik

15:24

like literally went out of his way to

15:26

say what a good judgment he had by never

15:28

he had a massage day in his living room

15:30

and went bragged on how he rejected him

15:33

and then was at his place, stayed at his

15:35

house, was like super friendly. [ __ ]

15:37

that guy. like the judgment. I'm sorry.

15:40

There's there's more there than that.

15:42

The same thing with Peter Aia. I I feel

15:44

like everyone knew what was happening

15:48

here. And so there should be a you can

15:50

decide what you want to do with these

15:52

people, but there should be a price for

15:53

this level of it's in the same genre of

15:56

we can do whatever we want. Who cares?

15:59

You know, haha, you know, [ __ ] is low

16:02

carb. Like are you kidding me? Like I

16:05

mean it would be it's stupid joke if the

16:08

guy you were talking to was a sexual

16:10

predator, right? And so that's why I

16:12

find it a little more

16:14

>> I see I'm I'm less and it's safer just

16:18

to say this is awful and these people

16:20

should be cancelled. I do think that

16:22

people when they send private emails

16:24

should be granted a lot of license and

16:27

if they aren't guilty of a crime, you

16:29

can decide not to listen to their

16:30

podcast.

16:31

>> Yep. That's what I mean. I I think we

16:34

have a tendency to mix

16:36

criminal activity with poor judgment.

16:39

And I think you have to draw bright

16:41

lines between them. And I don't to me it

16:44

it just is like someone is

16:48

accidentally mentioned in the Epstein

16:49

files cuz they flew on a plane with

16:51

other people to some nonprofit event

16:53

talking about technology

16:55

>> and people who might have been

16:58

>> in the files there is report of an

17:00

individual

17:01

>> who impregnated an 11year-old.

17:03

>> Yeah. Yep.

17:04

>> I mean one is spend the rest of your

17:06

life in prison. The other was okay maybe

17:08

you should do more diligence on the

17:10

planes you're on.

17:11

>> Mhm. And it feels like it's all been

17:13

wrapped up into one amorphous blob.

17:15

>> I agree. I agree. But there are some

17:16

very clear lines when I'm talking about

17:18

Lutnik. He went out of his way to say

17:19

how much he hated the guy and then right

17:21

in the emails he did just we trying to

17:23

rewrite history.

17:24

>> Yes. He's a liar. Listen that that we

17:26

know. Same thing with Musk. He was just

17:29

fine. Just made Can't you just say I'm

17:31

You know who did that? Katie Kirk went

17:33

to a dinner at this at Epstein's house.

17:35

One of these dinners. He used to have

17:36

these like influencer dinners. She went

17:39

she said I should have done more

17:40

research. I apologize. I appre like she

17:43

just took she just took responsibility

17:45

for her stupid judgment there, right?

17:48

And I think that's fine. I don't think

17:50

we should like she

17:51

>> but it brings up a point. Should Katie

17:53

Kirrick do research on every dinner

17:54

invitation?

17:55

>> No, not necessarily. But when it when it

17:57

was came to pass, what it was very

17:59

clear, she apologized. She apologized

18:01

and said, "Oh, so dumb." You're not

18:02

hearing from Howard Let you're not

18:04

hearing from Peter Aia. Like I'm sure

18:05

he's engaged a very expensive crisis

18:07

manager uh here. But and then Elon SP,

18:10

he is spinning so hard.

18:12

>> He's got on the attack. He's trying to

18:14

pretend that he somehow was protected or

18:16

like was a just just so offended by

18:19

Jeffrey Epson. And can you believe what

18:20

Reed Hoffman did mean?

18:22

>> Yes. Over. Look over here. Yeah. Yeah.

18:24

I'm glad Reed slapped him back to last

18:27

Sunday because he's right, Elon. If you

18:29

actually cared about women, you'd you'd

18:31

have helped the victims financially

18:32

instead of giving money to Donald Trump.

18:34

You'd have gotten your non-consensual

18:36

sex off of Grock. But you don't care.

18:38

You don't care. You don't care. Like you

18:40

don't have an interest in.

18:41

>> But again, the really shocking thing to

18:43

me is, and I know very powerful and

18:46

wealthy people,

18:48

just the belief that they can just do

18:51

anything,

18:51

>> right?

18:52

>> And they're going to be immune.

18:56

>> I mean,

18:56

>> they do. They're like that.

18:57

>> I have friends who are who are um fairly

19:00

famous actors, and if they walk into a

19:02

scenario with a lot of women or a party

19:05

scene, they're like, "I can't be here. I

19:07

I I can't be here. I'm I'm not going to

19:09

do anything. I'm not even going to flirt

19:11

with anybody, but I can't be here

19:12

because if it hits the press, it'll

19:15

upset my wife. It will create um talking

19:19

points that aren't good. They will

19:22

insinuate. I mean, I know people who are

19:24

so careful and shape their lives

19:26

realizing that unfair unfair or not.

19:29

>> Picture a photo of you with

19:30

>> and then these guys Jeffrey Epstein.

19:33

these guys go to an island and start

19:35

having sex with underage women and

19:37

aren't worried are like believe that

19:39

this isn't going to come back to haunt

19:40

them.

19:41

>> There's also a lot of people that enable

19:43

them and one person that by the way I

19:45

searched you immediately. Um

19:48

>> in what in the Epste?

19:51

>> Yeah. No, that's one party I wasn't

19:53

invited to.

19:54

>> You weren't. Um but uh

19:56

>> did you really search for me?

19:58

>> I searched everybody.

19:59

>> Did you really search for me?

20:01

>> I did. I had to. I work with you. I have

20:03

to make certain.

20:04

>> Okay. All right.

20:06

>> Thank God.

20:06

>> Yeah. Yeah.

20:08

>> Come on. I search I search like 20 names

20:11

of people I know.

20:11

>> Season two gay hockey with the dog

20:14

brought. That's what you got to worry

20:15

about. I'm going to be an extra. My next

20:18

career fluffer for gay for gay badmitten

20:22

the new original series on HBO.

20:24

>> I welcome any joyful and sensual sexual

20:26

expression you want to have with Scott

20:28

Galloway's

20:30

age. At this point when I orgasm it's

20:31

just mist coming out. There's just

20:33

literally it's got to be a Pam Greer

20:36

film. A cattle fraud up my ass and

20:38

literally

20:39

>> the cattle fraud in

20:40

>> like a seal shake and I got to snort

20:42

Viagra.

20:43

>> I'm going to mention one

20:44

>> and watch Jackie Brown and then it's go

20:46

time. It's go time.

20:47

>> I would say the people that are worse

20:49

are not even worse, they're just as bad

20:51

are some of these enablers and I will

20:53

name them. John Brockman is throughout

20:54

it and I urge you to look up. He was a

20:57

guy who was involved with all these

20:58

intellectuals who were who Epstein was

21:01

funding. He ran a billionaire's dinner

21:03

at TED I have attended that uh he

21:06

obviously the facilitators these kind of

21:08

people uh have to be looked at too. The

21:11

way they they sort of facilitated what

21:13

you're talking about which is this very

21:14

easy peasy let's get together and talk

21:17

intellectual stuff which they loved. Let

21:19

me tell you, the reason you're seeing a

21:20

lot of tech people in this group, and

21:22

you are, is because they desperately

21:24

sought out um validation through

21:27

intellectual discourse. They used to

21:29

love having these events whether

21:31

whatever they happen to be. And thank

21:34

God, you know, one thing I did have our

21:36

our staff for our code conference look

21:39

every him up. He was on the wait list of

21:41

D5, the one with Gates and Jobs, and we

21:44

didn't let him in. I I remember not

21:46

particularly not letting him in. Um, but

21:48

he did somehow show up and talk to Tim

21:50

Cook on the sidelines of one of my

21:52

conference, which I wasn't aware of. It

21:53

was in the files, too. But he was

21:56

>> My view is you go my view is you go much

21:59

harder on the people who are criminals.

22:01

>> Yes.

22:02

>> And quite frankly, you go much lighter

22:04

on the people who

22:06

>> look you get invited by a billionaire to

22:08

go party on an island. If you see crime,

22:10

you'll leave.

22:12

>> But I don't I think a lot of people for

22:14

a lot of different re this guy had a big

22:16

sphere around technology. He was like an

22:18

octopus in terms of trying to meet

22:20

people and a lot of people facilitated

22:22

that for him.

22:23

>> Um,

22:23

>> so but there needs to be more prison and

22:26

more judgment around who was in the

22:28

wrong place at the wrong time.

22:29

>> Yes, I agree. But there's a lot of

22:31

people who knew exactly what they were

22:32

doing. So I think there there's a

22:34

there's there's it's a stack ranking of

22:36

what people were doing in some cases and

22:38

people like Peter Ay and others really

22:40

deserve some. You can censure him or

22:42

not, but I think he's grotesque. Anyway,

22:45

uh let's go on a quick break. When we

22:46

come back, Trump's new fed chair.

22:49

Support for this show comes from Better

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That's betterhp.com/pivot.

23:52

Scott, we're back. President Trump has

23:54

made his pick for Fed chair. I predicted

23:55

it would mean most handsome of the white

23:57

guys, and I was right. The best chair.

24:00

Trump nominated uh former governor Kevin

24:02

Walsh on Friday calling him central

24:04

casting and says he'll go down as one of

24:06

the great Fed chairman may be the best.

24:08

Of course, he did say that about Jerome

24:10

Powell, although when he picked him,

24:12

Trump also joked during his speech this

24:14

weekend that he would sue Worsh if

24:16

interest rates didn't get lower. Morris

24:17

is set to take the reigns from Jerome

24:19

Powell in May, but he needs to get

24:21

through the Senate confirmation process

24:22

first, which might be hard because uh uh

24:25

Republican Senator Tom Tillis, who's

24:27

suddenly found his balls, is already

24:28

saying he's a no until the DOJ probe

24:30

into Powell is resolved. Good for him.

24:33

Tillis is really on fire. He's going to

24:35

use up all his troublemak before he

24:38

leaves. He was sort of shoved to the

24:40

side by Trump uh by threats from Trump,

24:42

but now he's but he's still in power, so

24:44

he can do something about it. So, talk

24:46

about this pick. Um, Worsh very briefly

24:49

popped up in the Epstein file that we

24:50

were missing on saying he was on a guest

24:52

list. St. Bart's Christmas 2010. Again,

24:54

what you were talking about, I get it. I

24:56

get it. In that case, that's it. So, uh,

24:59

I don't think that should necessarily be

25:01

it shouldn't be a factor unless more

25:02

stuff is found out. But,

25:04

>> uh, talk about this this pick. What do

25:06

you think about Warf?

25:09

I think it's I to be blind I think it's

25:11

a great pick given the context of who he

25:14

could have selected.

25:15

>> Right. That's true. Could have been Don

25:17

Jr.

25:19

>> Yeah. I wouldn't be surprised if he

25:20

picked uh um you know Lara Trump. I I

25:25

>> he does my to give credit where it's

25:28

due. I think around these these big

25:30

financial appointments I think he shows

25:32

greater judgment around these

25:34

appointments than he does around others.

25:36

But essentially this guy, he's he's very

25:39

qualified. Uh he's been described as a

25:41

hawk. The fear around this appointment

25:44

was that it was someone who would be

25:45

subject to the political pressures of

25:47

the presidency would immediately start

25:49

cutting interest rates and begin

25:52

an upward spiral of inflation. And that

25:54

fear was sending metals to record highs.

25:57

Silver and gold have exploded. And the

26:00

best indication that the market likes

26:02

this pick is that when the pick was

26:04

announced, metals crashed or they pulled

26:07

back. This guy's known as a hawk. He

26:09

served as liaison between uh Bernani and

26:12

the Wall Street community during the '08

26:15

crisis which most people think was

26:16

handled really well. I like the fact he

26:19

has a reputation as a hawk. I love the

26:20

fact that these appointments I believe

26:22

>> Explain what a hawk is. He's got he's he

26:24

>> well someone who's more worried about

26:26

inflation than lower growth. someone who

26:29

will keep interest rates high longer

26:32

than maybe they should. They air on the

26:34

side of lower growth but less risk of

26:36

inflation. And everyone is really

26:39

worried that Trump is putting pressure

26:41

and would rather

26:42

>> think resist the pressure. He he saw

26:45

what's happened with Powell.

26:46

>> That's what's great about these

26:48

appointments is that they're they're

26:50

14year tenures.

26:51

>> I I get that. But like he could be

26:53

undergo what Powell's been undergone,

26:55

fake criminal probes, etc. As far as I

26:58

know, pal serving out his term and

26:59

hasn't bent an inch,

27:01

>> right?

27:01

>> I mean, and that's why it speaks to the

27:03

importance of the independence of the

27:04

Fed, but

27:04

>> well, you wonder what this guy said to

27:06

Trump, right? And why did he say he's

27:08

going to sue him? You know, that's all

27:10

weird. I find it weird.

27:11

>> There's something about the power and

27:13

we've seen this on the Supreme Court. A

27:15

lot of people show up with a history or

27:18

say one thing to the Senate and then

27:19

they get on the Supreme Court and they

27:21

take advantage of their lifetime

27:22

appointment and they behave differently.

27:25

>> Yeah. Uh, so

27:26

>> not in a good way.

27:27

>> Well, actually some of the older

27:29

appointees

27:31

>> became in from our viewpoint much more

27:34

progressive.

27:35

>> Well, look at Earl Warren. Remember I

27:37

mean

27:37

>> I mean they really did over time.

27:40

Think about what an incredible

27:43

luxury it is to just focus on to be

27:47

granted the tenure and this is this is

27:50

the basis of tenure in colleges

27:52

>> to just try and pursue the truth and and

27:55

to screen out as many external forces as

27:57

possible.

27:58

>> That is a luxury and it's reserved for

28:00

what people think is the most important

28:02

>> positions in the world including what

28:04

may be the most important position in

28:05

the world and that is the chairman of

28:07

the Federal Reserve. So I was actually

28:09

quite relieved when I saw this. I have a

28:11

bias. I like Morgan Stanley. Anyone who

28:12

ran M&A Morgan Stanley has a pretty

28:14

serious

28:15

>> Well, he's a serious candidate, right?

28:18

Cassid had been like genulecting. He had

28:21

knee pads on at one point, although he

28:23

was very considered a very prominent.

28:24

>> I was worried it was going to be the My

28:26

Pillow guy. I just wouldn't put anything

28:28

past this president right now. This is,

28:30

I think, a good pick. The markets like

28:33

it. He's an adult. He has a command of

28:36

the the markets. has a really good

28:38

relationship with Wall Street and I just

28:40

hope that he shows

28:41

>> I suspect they'll drop the Powell the

28:43

Pow Powell pro to get him through.

28:46

>> Well, here's the thing. Pal's going to

28:47

still be on the board of governors.

28:49

>> Yeah. Well, that's what they're trying

28:50

to do.

28:50

>> I don't I don't care who the chairman

28:52

is.

28:52

>> I don't care who the chairman is. The

28:54

biggest voice in the room is still going

28:55

to be Pal's.

28:56

>> Yep. Yep. Yep. We'll see. Anyway, good

28:57

hair, Kevin. And I picked I knew the

28:59

handsome man would win. Also, besides

29:01

the handsome man, I was right about Elon

29:05

planning to merge SpaceX and X AI.

29:09

That's is precisely what happened. The

29:10

acquisition will give the combined

29:12

company a valuation of 1.25 trillion.

29:16

Flimflamory works for Elon Musk.

29:18

Investors have also been pushing the

29:20

idea of bringing Tesla into this. Um,

29:23

obviously he had already merged Twitter

29:26

or X the service into XAI sort of to

29:29

hide it away in there. all their losses.

29:31

So now it's Twitter, SpaceX, and XAI.

29:33

And you can just imagine Tesla being

29:35

next. In in the scenario, XAI shares

29:38

would be swapped for SpaceX shares. Um,

29:40

just for people who don't know, SpaceX

29:42

is weighing a June IPO listing, could

29:44

seek to raise as much as $50 billion,

29:47

making it the biggest IPO of all time.

29:49

Um, and again, if that sounds a little

29:51

familiar, guess what? Cara Swisser

29:53

predicted it last April, cuz I know how

29:56

this guy thinks.

29:57

>> I've been doing research. She blew my

29:59

mind with the notion of a combined Tesla

30:02

XAI

30:03

>> and SpaceX,

30:05

you know, and I'm I'm just like that is

30:07

totally blown my mind about

30:09

>> good. As long as you attribute it to me,

30:12

just attribute it.

30:13

>> I I I do. But that the idea of him

30:15

merging all of those companies, like I

30:18

can't wrap my head around what that

30:19

would mean.

30:19

>> He's got to he's got it's the only move.

30:22

So, let's talk about that. I the reason

30:23

I thought about that was because he's an

30:25

internal flimflam man and he needed a

30:27

new narrative and this works out for

30:29

behind when he did the first Twitter XAI

30:31

merger. He just got rid of the problem

30:33

of everyone talking about what a shitty

30:34

business it was. Tesla's obviously

30:37

troubled. XAI is being upheld by the

30:40

valuations of of AI companies and SpaceX

30:43

is a is a real winner. So what do you

30:46

and and and you could make an argument

30:48

that they all fit together, right? Sure,

30:50

why not? like data things moving blah um

30:55

and he'll do it. So what do you what do

30:56

you think

30:57

>> after the disaster at Chernobyl uh where

31:00

radiation leaked for I guess hundreds or

31:02

thousands of square miles there's a lot

31:04

of farmland and a lot of a lot of

31:06

livestock and what they found was okay a

31:10

lot of the the beef and lamb and chicken

31:14

had traces of radiation from the

31:16

radiation leak at Chernobyl and the

31:18

Russian officials decided okay we're not

31:21

going to throw away this meat we're just

31:23

going to parse it out and send small

31:25

amounts ounce mixed in with non-radiated

31:27

meat to different to different grocery

31:29

stores because a little bit of radiation

31:31

as long as we mix it with non-raactive

31:33

meat is okay.

31:35

>> This is Musk basically taking his

31:36

radioactive meat and that is Tesla which

31:39

isn't 10x the value of what it should be

31:42

trading at. X AI which is sort of

31:45

working isn't and then wrapping it in

31:47

the non-raactive meat which is SpaceX

31:50

which in my opinion is one of the most

31:52

impressive companies with the greatest

31:53

differentiation in history right now 90%

31:56

of launch capability 2/3 of low earth

31:59

satellites and he's basically going to

32:02

take all of it and say okay autonomous

32:04

AI space launch capability

32:07

>> yeah moving

32:08

>> and take it all into one giant one giant

32:12

Musk AI I innovation

32:15

robots

32:16

>> that will get robots that will say this

32:19

is you have to own this company because

32:21

when you look at the

32:22

>> boop that's right when you look at Tesla

32:25

it's like okay it's an automobile

32:27

company that should be trading at 30

32:29

bucks a share not 400 or whatever it's

32:31

at when you look at XAI all right it's a

32:34

distance 7th LLM when you look at robots

32:38

those make no [ __ ] sense but if you

32:40

wrap all of that AI autonomous stew. Oh,

32:43

and Twitter, you know, a platform that's

32:45

probably worth 10 billion, not what he

32:47

paid.

32:48

>> Wrap it all into a communications

32:50

satellite, space launch, AI, automated

32:53

driving, and it's the kind of stock that

32:55

everyone has to own. So, this is an

32:58

attempt to create, you know, individual

33:01

ingredients, which some of which are

33:02

amazing and some of which have real

33:05

problems, and put it all into one stew.

33:07

I think it's a smart move, quite

33:08

frankly.

33:08

>> Sure. Duck. That's why I thought I think

33:10

like a a really a [ __ ] up flame plan

33:12

man. That's how I think, right? That's I

33:15

was like, "What?" I sit there and I go,

33:16

"What will he do?" Oh, that's how I

33:18

thought of That's exactly

33:19

>> Let's go brainstorm about it on an

33:21

island.

33:22

>> On an island.

33:24

>> I got this guy's really smart.

33:26

>> I was not on the island. I did not.

33:27

>> And he puts together these amazing

33:30

parties with like thought leaders. And

33:32

and by the way, I am so shocked I am not

33:35

on that list because the only reason I

33:36

get invited to Davos, I get invited to a

33:38

place like that. We're called I refer to

33:39

us. I say to I saw Jonathan height and I

33:41

saw Adam Grant at Davos. I'm like, "Do

33:42

you realize what we are?" And they're

33:43

like, "What?" I'm like, "We're

33:44

intellectual support animals. We're here

33:46

to make people feel

33:47

>> dancing [ __ ] dogs."

33:48

>> Yeah. We're [ __ ] poodles. We're d

33:50

We're Fifi the We're like dance for

33:53

dinner. We have Seo Black Rockck and

33:54

Chairman of Finland. Now, now tell us

33:57

something about young men. Can I tell

33:58

you so many powerful people texted me

34:01

like Scott's so amusing?

34:03

>> Amusing. That's the word I guess.

34:05

>> You know what I mean? Like he's so

34:06

interesting. I was like, "Oh my god,

34:07

he's totally your dancing monkey."

34:09

>> Yeah. That was my moment at Davos. I sit

34:11

next to a woman I have never met before.

34:13

>> Yeah.

34:13

>> And all of a sudden she starts going,

34:15

"Caris texting me and says, "I'm next to

34:17

you." And I'm like, "How the [ __ ] does

34:19

she know I'm here?"

34:22

>> Rich people.

34:22

>> You're like the East Germany. You know

34:25

every move.

34:26

Well, because they call, they text.

34:28

>> Who what's her name? She was lovely.

34:29

>> Dina Powell.

34:30

>> That's probably sexist. I wouldn't say

34:32

that about a man.

34:33

>> She's lovely. She is lovely. She's new

34:35

president of Meta, just so you know.

34:37

>> No. So, she started telling me what she

34:38

was doing and she was very measured. I'm

34:39

like, why are you choosing your words so

34:41

carefully? And then about five minutes

34:42

later, I'm like, "Oh, you're a shill for

34:43

Meta."

34:44

>> Oh, she's not a shill. We'll see.

34:46

>> She's trying to organize the bailout.

34:48

She's going to organize the bailout

34:49

attack.

34:50

>> Like anybody anybody who can get him

34:52

away from like

34:53

>> She's married to a senator. Talk about a

34:55

power couple.

34:56

>> David. Yeah, David. Yeah.

34:57

>> Thank God.

34:58

>> Yeah. He's McCormack. He was with Ray

35:00

Dallio, right? He was with Ray Dallio.

35:02

That's his Yeah.

35:04

>> Yeah. I think that's who he was with.

35:05

>> I can't believe you searched for me in

35:07

the files.

35:08

>> Why wouldn't I? Are you kidding? That

35:10

was numero in the files.

35:12

>> Uno. You Oh, come on. Whatever. In any

35:15

case,

35:15

>> I pay for my stuff.

35:16

>> We know why he's doing it. All right,

35:17

we're going to take I had to, you know,

35:21

>> trust but verify. Uh, Scott, let's go on

35:24

a quick break. When we come back, tons

35:25

of AI news.

35:27

>> Support for the show comes from Framer.

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You know that moment when your marketing

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team wants a new landing page, so the

35:32

design team mocks it up, and then your

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36:39

Scott, we're back now onto some rapid

36:41

fire news, AI news, because there's so

36:43

much. Let me go through them. Amazon is

36:45

reportedly discussing investment up to

36:47

$50 billion in open AI. Meanwhile,

36:49

Nvidia CEO Jensen Hong is pushing back

36:51

on reports that his company is looking

36:53

to scale back on its investment in Open

36:55

AI. And that was in the Wall Street

36:56

Journal. I thought it was an excellent

36:57

article. This all comes as Open AI is

37:00

seeking to raise over a hundred billion

37:01

dollars. It prepares for a public

37:02

listing in the fourth quarter. It's

37:03

trying to beat Anthropic to that punch.

37:06

Anthropic is clashing with the Pentagon

37:08

over whether its AI would be used for

37:10

surveillance and autonomous lethal

37:12

operations putting $200 million contract

37:14

at risk. Um, your choice Scott any of

37:17

the above.

37:18

>> I think the most fragile company with

37:20

respect to its valuation right now maybe

37:23

with the exception of Palunteer

37:25

is probably open AI. I think OpenAI is

37:28

racing to establish a leadership

37:30

position.

37:32

Uh but if you look at the fact it

37:34

doesn't have the fire hose of billions

37:36

of people built in that that Alphabet

37:38

has

37:40

uh I don't think and you look at they're

37:42

getting I think they're getting attacked

37:43

from the top and that is Alphabet and

37:46

Gemini which has doubled its share I

37:48

think in the last 18 months

37:50

>> which was inevitable right inevitable

37:52

>> but if you have a billion people or two

37:54

billion people a day coming to your

37:56

interface and you start introducing AI

37:58

>> that's just very powerful and then you

38:00

have micros it has a Netscape feel to

38:02

it.

38:03

>> And then you have um Microsoft which has

38:06

a recurring revenue relationship with

38:08

99.9% of the corporations above a

38:10

million dollars in revenue. They can

38:13

introduce really seamlessly different

38:14

things and then you have uh an adjacent

38:18

competitor and that is anthropic which

38:21

has gone after the enterprise market. So

38:24

to I think I've told you this and it's

38:26

the weakest flex in the world. I was on

38:28

the board of Gateway Computer and about

38:30

25 years ago if you asked analysts who

38:33

had better prospects, Gateway or Dell,

38:35

it was split and Gateway was at 70 bucks

38:38

a share anyways 15 years later was at.7

38:41

cents a share because they went consumer

38:43

and Dell went small and medium-sized

38:44

business and we know how the story ends.

38:46

The story may be unfolding the same way

38:48

and that is OpenAI has a consumer

38:51

offering but less than 5% of the people

38:53

actually go to the paid offering and

38:55

Anthropic has gone after the enterprise

38:57

market and quite frankly looks to be

38:59

beating Anthropic in the enterprise

39:00

market

39:00

>> but but it is fighting with the

39:01

Pentagon. It's interesting because he's

39:02

becoming the most interesting character

39:04

Daario Amodi in terms of talking about

39:06

safety. He's sort of everyone sort of

39:09

attacked him for that, especially that

39:10

dope David Sachs. But I think actually

39:13

he's he's opening a lane as the safe AI

39:16

company, right?

39:16

>> Well, that used to be Alman's lane,

39:18

>> right? Exactly. But now he's got it

39:20

right. He's opening a lane where

39:22

everyone's like, "All right,

39:23

>> agreed. They're the they're the clean,

39:25

well-lit corner of the AI bookstore

39:28

right now is

39:29

>> anthropic." And also going after

39:30

enterprise looks to be the smartest

39:32

thing. Enterprise wants that enterprise,

39:34

you know, why be in the surveillance and

39:36

autonomous lethal operations business if

39:38

you can do just as fine selling.

39:40

>> Yeah. Just get your media buyers at

39:42

L'Oreal to be more productive. So my

39:44

friend Greg Schau is the CEO of section

39:47

which helps enterprises upscale for AI

39:49

had he said something that just struck

39:51

me. He said open AI has basically 12

39:53

months to get massive consumer adoption

39:57

because or enter or or start which he

40:00

doesn't think it's going to do because

40:01

people like there's too many free LLMs

40:04

>> or they're going to have to come up with

40:05

incredible enterprise adoption or

40:08

there's absolutely no way they can

40:10

justify this this consensual

40:11

hallucination that they're going to go

40:13

public at one or one half trillion

40:14

dollars.

40:15

>> Isn't there a desperation for such

40:17

stocks? Do you think you'll have a situ,

40:18

you know, with Elon merges all these

40:20

things, everyone's going to buy it. Will

40:22

everyone not buy this?

40:26

>> The only thing is,

40:28

>> would you Scott Galloway want, of

40:30

course, you just got rid of GPT, so

40:32

you're not allowed to cuz they want you

40:34

to virtue signal the right way.

40:35

>> Yeah, but you forget I'm a [ __ ] Once

40:37

March 1 comes along, it's back to big

40:38

daddy warbuck [ __ ]

40:40

>> No,

40:41

>> but this is what this is the existential

40:44

risk to open AI right now. They want to

40:46

be the leader. I think Sam Alman maybe

40:48

correctly has said there's there can

40:50

only be one in the world of AI, but he's

40:52

getting attacked from above and that is

40:54

big big industrial strength

40:56

conglomerates in tech that have a

40:58

built-in multi-billion dollar consumer

41:00

base that they can they can point that

41:02

fire hose of people at their AI

41:04

offering. They're getting attack from

41:06

below and that is Chinese openweight

41:08

models which are free which by the way

41:11

are technically pretty close.

41:13

>> Yeah. So the fear is the following or

41:15

the bullc case is that this company is

41:17

an incredible product. It's growing like

41:20

crazy. It's doing all these big

41:22

visionary deals. It is an amazing

41:24

product. I was using it every day. And

41:27

everybody feels like they've got to go

41:29

in on the market leader in AI, which

41:31

Alman has done a good job of associating

41:34

brand leadership with OpenAI and Chat

41:36

GPT. The risk is that before they go

41:40

public in the disclosure documents that

41:42

the SEC mandates, it's going to be clear

41:45

that everybody else is starting to eat

41:48

their lunch,

41:49

>> right? That Gemini continues Gemini

41:52

>> Gemini continues to gain market share

41:54

that there's an entire market of people

41:56

that go for the open weight free models,

41:58

right? And people say, "Okay, this is a

42:00

great little company, but it should be

42:01

acquired by somebody not worth a

42:03

trillion half dollars as a standalone

42:05

company."

42:05

>> Acquire from your pers.

42:06

>> No one at this point. It's too

42:08

expensive.

42:08

>> Yeah. Right. Unfortunately,

42:10

>> that the other day,

42:11

>> unfortunately, it'd have to be written

42:12

down

42:14

>> a lot. And then there'd be all sorts of

42:15

antitrust arguments. Yeah.

42:17

>> But he has and he knows it too. He's

42:20

doing big deals. He's spending a ton of

42:22

money. He's trying to get the best

42:23

talent because there's a general belief

42:25

here that there's the gold medal. This

42:28

literally is when we call this Hunger

42:30

Games economy, the Hunger Games is the

42:32

right analogy and that is whoever wins

42:34

here gets all sorts of parades and gets

42:36

to live a wonderful life and whoever

42:38

doesn't win is going to die a slow

42:41

death. And that's the approach he's

42:42

taking.

42:43

>> You're right. I think you're right here.

42:44

Absolutely. We'll see what happens. Um

42:46

he they are headed for the IPO though.

42:48

um Trump and his family. This story we

42:50

have, we cannot stress this story of

42:53

corruption and the Trump family enough.

42:55

He has now pulled in 4 billion dollars

42:57

linked to his presidency. Much of that

42:59

comes from crypto and foreign deals that

43:01

leverage his presidential status. Last

43:03

year, an investment firm with ties to

43:04

the UAE bought nearly half of the Trump

43:07

family's crypto company, making the two

43:10

business partners. Eric Trump signed the

43:12

agreement with the firm for $500 million

43:14

investment days before uh Trump's

43:16

January 2025 inauguration. We did a chip

43:19

deal with them. He he recently said he

43:22

he found out nobody cared about his

43:24

international business activity while in

43:26

office. You know what? We do care. You

43:28

you know this is a guy as I say

43:30

accusation is a confession who went on

43:32

and on about Hunter. Hunter Biden didn't

43:34

have enough imagination as doing corrupt

43:37

things and didn't have much pull. This

43:39

is a a fullscale

43:42

corrupt regime that is using their

43:44

status to to to to feather their nest.

43:47

It's also bad for national security. All

43:50

all manner of things is hurtful to the

43:53

United States. Uh you know, he does it

43:55

all the time, whether he's suing the IRS

43:57

for 10 billion or closing the Kennedy

43:59

Center because he ran that into the

44:01

ground. But this is really, you know, he

44:03

does that's all h you know, jazz hands

44:06

compared to what's happening here.

44:07

Thoughts? Yeah, the Republicans thought

44:10

it was an impeachable offense or

44:12

required a special counsel because uh

44:16

President Biden implicitly or explicitly

44:18

used his influence such that his son

44:21

Hunter Biden could get on the board of a

44:23

Ukrainian energy company and made about

44:24

4 or 600 grand. There is no reason why

44:27

Hunter Biden should be on the board of

44:28

any company other than his proximity to

44:30

the president, even if he leveraged that

44:32

contact or didn't. And there's no

44:34

evidence he did. But everyone's hair was

44:36

on fire. And now we have an individual

44:39

who is raking in billions. And it's not

44:41

only him. Wickoff's kids.

44:45

And Wickoff was investing

44:48

getting people the UAE to invest in a a

44:51

a crypto company that is kids control.

44:54

And then what do you know a few weeks

44:56

later the sale of our most sensitive

44:59

chips that are security concern for fear

45:01

that the UAE who has a strong

45:02

relationship with China begins to leak

45:04

that sensitive information that powers

45:06

nuclear guidance systems powers

45:08

submarines.

45:09

I mean the level I got to give it to

45:12

them. They're like here's the problem in

45:15

America. If you run a stop sign you get

45:17

shamed.

45:19

If you if you start killing hundreds of

45:21

people, there's some sort of weird

45:24

leadership quality around it. It's it's

45:26

like don't commit a for God's sakes,

45:28

don't commit a misdemeanor.

45:30

>> Mhm.

45:31

>> Commit, you know, commit mass murder and

45:34

be unashamed about it and then the next

45:36

day commit another crime where it all

45:37

gets lost in the noise.

45:39

>> Well, that's what he said. Found out

45:40

nobody cared, especially

45:41

internationally. But, you know, and then

45:43

killing all those people through USAD,

45:45

the millions of people who will die. I

45:48

mean, the kind of damage and and and

45:50

feathering, nest feathering is really

45:52

quite astonishing. And that leaves out

45:54

all the pardons he gives to people who

45:56

are who who knows. I mean,

45:58

>> I sat next to one of those guys

46:00

>> gives him three million bucks. I've said

46:02

this before. Car if if Louis or Alex or

46:05

Alec or Nolan are four sons, I'll I'll

46:07

do I'll go with the older ones. If one

46:10

of them [ __ ] up and ended up in

46:11

prison, I'm a 100% confident that with a

46:16

million to three million bucks, we could

46:18

get him out of prison.

46:19

>> Yeah.

46:20

>> Find find an indirect route into a

46:22

meeting with one of Trump and his

46:23

acolytes and say, I'm about to buy 1 to3

46:25

million in Trumpcoin or I'm about to

46:28

give you a $2 million gift for the new

46:31

east swing. And I think within three to

46:32

six months they're out.

46:34

>> Yeah.

46:34

>> That's where we are.

46:36

>> And here's the thing. It creates you're

46:38

going to have more Epstein islands.

46:39

Yeah.

46:40

>> You're going to have fewer small

46:41

businesses that feel start because

46:43

they're worried about the rule of law.

46:45

You know, the rich are protected by the

46:47

law but not bound by it. All the rest of

46:49

us are bound by the law but not

46:50

protected by it.

46:51

>> And in addition, foreign companies

46:53

aren't going to want to invest in

46:54

American companies for fear that the

46:55

rule of law

46:57

>> is not going to apply to American

46:58

investment.

46:59

>> He is it's all going to be for the

47:00

Trump's benefit but not for the United

47:02

States of America. That's really you

47:04

have to understand this everybody. This

47:06

is this is the actual game besides all

47:08

the everything else. This is the actual

47:11

game. Anyway, one more quick break.

47:13

We'll be back for wins and fails.

47:17

Support for today's show comes from

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48:21

>> Okay, Scott. Wins and fails. You want me

48:23

to go first?

48:24

>> You go first. Well, I was going to do

48:25

the Kennedy Center, but I don't really

48:27

like the Kennedy Center. I never did.

48:28

But he's he's going to close it and fix

48:30

it after he ran it into the ground with

48:32

his stupid minion, Rick Canrell. Nobody

48:36

wanted to go there. Um, you know,

48:38

whatever. He just he's failed the

48:39

business and so he's closing it down.

48:41

It's like Trump's stake or something. I

48:43

don't know if he can close it down.

48:44

We'll see. But, um, just gross. That's

48:47

it's a gross sidlight. The many things

48:49

he's done. Um, and uh, we'll see. We'll

48:52

see what happens there. But actually,

48:54

you know, I would get more serious.

48:55

Congresswoman uh Kelly Morrison of

48:58

Minnesota posted the following uh on

49:00

Blue Sky. My office has been flooded

49:02

with reports of cruel, unsafe, unlawful

49:04

conditions inside the Whipple detention

49:06

facility in Minneapolis. This weekend, I

49:08

was finally granted access to perform

49:09

oversight. And when she went in, it's

49:11

grotesque. I mean, it's absolutely

49:14

grotesque of how they're they're not

49:15

just abusing these populations and

49:17

they're about to go do that in Ohio, but

49:19

they are um they're they're abusing them

49:22

once they get in there to in order to

49:24

get them to self-epport. Um the cruelty

49:28

these Let me just tell you, all you

49:30

people, people will you will you will be

49:33

judged someday. Maybe not today, but

49:35

someday you will this will all come out.

49:38

And what you've done here is so heinous.

49:41

uh to young people. The young the young

49:44

kid with that adorable hat did get out

49:46

uh finally, but it was only under

49:48

pressure to get him out um who was taken

49:50

in Minnesota and brought I think to

49:52

Texas. Um but there's he's just one kid

49:55

and the only reason he got out is so

49:56

much of the attention because of that

49:58

photograph. But there's other kids

49:59

sitting there, thousands and thousands

50:01

of children. And uh what you have done

50:04

is so shameful um and so horrible. And I

50:08

just hope there's more photographs and

50:09

more for people to understand the level

50:11

of depravity um and what they're doing

50:14

to those people um who are here, most of

50:17

whom are here, worked hard, have

50:19

contributed to our country um and uh

50:22

it's just it makes me sick to my

50:24

stomach. Um for a positive thing, uh I

50:27

really enjoyed the Grammys. I did. I

50:28

watched them last night. I thought they

50:29

were

50:30

>> Oh, did you enjoy it?

50:31

>> Yeah, I did. It was fun. Although

50:32

President Trump was threatening to sue

50:33

Trevor Noah over his Epstein joke uh at

50:36

the Grammys, I thought he was great.

50:38

Trevor Noah was great. I found it very

50:40

entertaining. I thought the performances

50:41

were terrific. I thought Justin Bieber

50:43

was did a great I mean he was sort of

50:45

naked. He was he looks good. Um he was

50:47

wearing silk boxers only and I thought

50:49

that was quite beautiful. I thought Lady

50:51

Gaga was amazing. Reba McIntyre

50:53

performed and I love Reeba McIntyre. So

50:55

I liked it. It felt really good and it

50:58

wasn't virtue signaly the way the Oscars

51:00

can be. I found the speeches very

51:02

heartfelt and um simple. They kept it

51:05

simple. They a lot of god loving too by

51:07

the way. U but I liked it. I really

51:09

enjoyed it. I thought it was great.

51:11

>> I stopped caring about the Grammys when

51:12

Michael Sty stopped singing and opened a

51:15

health food store in Athens, Georgia.

51:17

Rick Oasich died and George Michael

51:20

died. I have no interest in and Tom

51:22

Petty died from an opioid overdose.

51:23

Music is dead to me.

51:25

>> Sabrina Carpenter didn't get anything

51:26

but and I thought she was delightful

51:28

also by the way. Anyway, go ahead.

51:31

>> Well, uh, I'll start with my loss or

51:34

fail. I interviewed Neil Ferguson, who I

51:37

really like and is a friend, but he has

51:40

a narrative which I disagree with, and

51:41

it's a narrative that's been adopted by

51:42

the Trump administration.

51:44

And also, and I would argue it's just

51:46

paring a Russian talking point, and that

51:48

is this this notion that this war is

51:51

unsustainable for Ukraine. It's

51:53

unwininnable, and they should strike the

51:54

best deal they can right now. And that

51:56

is the same narrative that was

51:58

expectated and vomited all over the

52:01

media three years ago. And guess what?

52:02

Since then, in the last two years,

52:04

Russia has only increased their

52:07

occupancy or their acquisition of land

52:10

by 1%. A snail could literally, and this

52:12

is true, move faster than the Russian

52:15

army. And if you want to talk about

52:16

unsustainable for somebody, this is

52:18

unsustainable for Russia. And there are

52:20

days where they are losing a thousand

52:22

men a day. their wartime economy is

52:25

running out of money. So, this war is

52:28

unsustainable, but it's unsustainable

52:29

for Russia. And this narrative that

52:31

somehow that Ukraine has been backed

52:33

into a corner and needs to come up or

52:35

swallow hard and accept a peace deal

52:37

that is just scheduling the next war,

52:39

not preventing it, is [ __ ] This war

52:42

is unsustainable, but it's unsustainable

52:44

for Russia as long as the West continues

52:46

to support push back on a murderous

52:48

autocrat. And it really bothers me this

52:51

narrative of well Ukraine should just

52:54

take the deal they can right now because

52:55

this war is unsustainable. [ __ ]

52:57

They have been kicking Russia in the

52:59

nuts literally and figuratively and they

53:02

are in my view they are winning this

53:05

war. And so this narrative from straight

53:07

out of Sergey Lavough that it's

53:09

unsustainable.

53:11

It's unsustainable for Ukraine. They

53:13

can't manage this. Well, guess what

53:15

folks? They seem to have put all that to

53:17

rest. all those doubts for the last

53:18

three and a half years. This is

53:19

unsustainable for Russia and we should

53:22

start speaking as if the Ukrainian army

53:24

is speaking from a position of strength,

53:26

which they are.

53:26

>> I like Scott. I know you like Neil

53:29

Fergus and I find him to be a contrarian

53:30

for contrarian sake and I like your

53:32

contrarianness better. Yeah, but Neil

53:34

Neil brings history and it's important

53:36

to have this type of dialogue and he and

53:38

I again agree on almost nothing

53:40

geopolitically, but I learn from him and

53:43

quite frankly it it it strengthens and

53:45

creates texture around my beliefs and I

53:47

think that's important and plus he's a

53:49

huge he's a huge we both are really

53:51

upset about the the the World Cup um

53:55

draw for Scotland. We're in the same

53:56

group as Morocco and Brazil. Anyways,

53:58

both he and I love team Scotland.

54:00

Anyway, my win

54:03

>> because I'm cancelling Paramount Plus

54:05

today. I watched all episodes of

54:08

Landmen.

54:09

>> Uhhuh.

54:10

>> Oh my god. I think I'm Republican now.

54:14

It's it's it's literally whoever that

54:16

guy is, he's Rupert Murdoch of

54:18

entertainment. He's like all this

54:19

[ __ ] liberal crazy [ __ ]

54:22

>> with all this redistribution of virtue

54:25

>> on on prime time streaming programs. I

54:28

am the Fox News of Scripted

54:30

Entertainment.

54:31

>> You know what? He's much more complex

54:32

than that. But go ahead. He's not

54:34

actually.

54:35

>> I don't think so. I think basically

54:37

>> he's not actually.

54:38

>> Oh, come on. This is I'm telling you

54:40

this is basically many a person.

54:41

>> I'm sure you've interviewed him. I have

54:43

this is basically succession if nobody

54:45

went to college or HR was a rumor.

54:48

>> It's a great show.

54:49

And I love the fact that all the the fe

54:52

every female character

54:53

>> crazy

54:54

>> exists solely to roll their eyes, sleep

54:56

with the wrong man or remind us that

54:58

feelings are inconvenient.

54:59

>> He's really bad on women.

55:00

>> And that every woman is in a state of

55:02

perry menopause. I mean

55:04

>> watch Yellowstone with the daughter.

55:06

She's a hot mess.

55:07

>> I can't I can't do Kevin Cosner. I've

55:09

just never loved

55:09

>> I'm telling you he loves hot mess

55:11

ladies. I like I do like I love I like

55:14

his stuff but he's a little more complex

55:16

than that. I'm glad it makes me feel

55:18

better about myself because it's like

55:19

every crisis can be solved by a phone

55:20

call, a threat,

55:22

>> or Billy Bob leaning back and explaining

55:24

why

55:25

>> to me more. I like her character.

55:27

>> I don't buy that John Ham would be in a

55:29

relationship with her.

55:30

>> I don't buy it.

55:32

>> He's so good-looking.

55:33

>> Well,

55:34

>> he's so God, he's

55:36

>> one with Jennifer Anderson on the

55:37

morning show. He played an Elon Musk

55:39

character, as you know. I like

55:40

>> his career really t

55:41

>> I love I met him at the morning show

55:43

party. He's a lovely guy, I have to say.

55:45

We had a lovely

55:46

>> Mad Man is still for me my second

55:48

probably my second second favorite

55:49

scripted drama after

55:51

>> he's a handsome [ __ ] man

55:52

>> after Breaking Bad. He's a He's a God,

55:54

he's so good looking.

55:55

>> He's a he's hugely tall, too, just so

55:57

you know. Very tall.

55:58

>> Yeah, he was also great in the most

56:00

recent uh series of uh or season of

56:02

Fargo. That was really good.

56:04

>> Yeah, he's a he's a very he's he's he

56:06

does a lot better work than he should

56:07

because he's so good-looking. He could

56:09

do a lot less good work because he's so

56:11

good.

56:12

>> Yeah. No, I learned that an oil patch is

56:14

everything about an oil patch. It's

56:16

brutally honest. There also oil is

56:18

unfairly maligned and it's

56:20

>> also run by a bunch of people who've

56:22

been divorced exactly once.

56:23

>> Okay.

56:24

>> It's Anyways, it

56:27

I love it because it gives me hope

56:29

because it's a story it's a story about

56:32

men who are never wrong but always get

56:34

laid.

56:34

>> Yeah.

56:35

>> It's just the perfect It's the perfect

56:38

series for a man. Oh, and I I This guy

56:43

is the Rupert Murdoch of scripted

56:44

television. He came in. He recognized

56:46

the biggest opportunity was just to go

56:48

Paramount. He's at Universal now with

56:50

all the virtual signalers. He likes them

56:52

better.

56:54

>> He's left. He's gone. That was one [ __ ]

56:56

up by David Ellison. I have to say he's

56:58

left to go over to dot the into the into

57:01

the more elegant uh relationship with

57:04

Donald Langley over there. She

57:06

>> It's Billy Bob Thornton telling us why

57:08

the oil business is the last honest

57:10

thing in the world.

57:11

>> I know. I know. But I It's just a story.

57:13

Anyway,

57:14

>> anyway, I my win.

57:16

>> I did I did basically 18 hours of

57:18

landmen this weekend.

57:19

>> Heated rivalry.

57:20

>> I am Republican now. Now, now we need

57:23

you back. Watch Heated Rivalry

57:24

>> and I immediately made a campaign

57:26

donation to Senator Ted Cruz as soon as

57:28

I was done. No,

57:29

>> you didn't.

57:30

>> But it's entertaining. I mean, it's

57:32

Billy Bob Zordon's fantastic. Anyway, uh

57:35

that was good. That was really good. We

57:37

want to hear from you. Send us your

57:38

questions about business tech or

57:39

whatever is on your mind. Go to

57:40

nymag.com/pivot

57:41

to submit a question for the show or

57:43

call 85551 pivot. Elsewhere in the Cara

57:46

and Scott universe this week and on with

57:48

Cara Swisser, I spoke with Ben Collins,

57:49

the CEO of The Onion, we talked about

57:51

the importance of not being afraid to

57:53

stand up against the Trump

57:54

administration right now. Let's listen

57:55

to a clip. the people who have caved

57:58

since the start of this universities,

58:00

news organizations, everybody who who is

58:03

like, "Okay, sir, what do you need?"

58:05

They just kept stepping on them

58:07

afterwards. They just kept going.

58:08

>> They did. They did.

58:09

>> I'm not going to I'm not going to tell

58:11

this staff to change what they're doing

58:13

>> at all. Like, they are doing uh they're

58:15

going as hard as they want. Um and if

58:17

they come to me with a 50-50 ball, I say

58:19

go for it. Like,

58:20

>> and if they come to me with a big idea,

58:22

I'm like, "Let's find funding. Let's

58:23

find a sponsor. Let's find a thing to

58:25

that to make sure that this thing can

58:26

happen.

58:27

>> And Scott, before we go, we want to hear

58:29

one more thing. Let's listen to a

58:31

voicemail we got.

58:33

>> Hey there, Carara. I heard the I heard

58:38

you talk about the uh message the woman

58:41

left on your voicemail.

58:44

Uh what a [ __ ] Really, I mean, you are

58:48

fantastic.

58:49

I'm in love. And if you weren't already

58:53

married, I would be courting you. So

58:55

smart, so ruthless, so truthful, so

59:02

refreshing. Love you. Love you. Love

59:05

you, Scott. You are a smartass.

59:09

Uh, I can listen to some of the stuff

59:11

you say and I agree with some of the

59:13

stuff you say, but honestly, dude,

59:16

some of it is just like, o.

59:20

Anyway, Cara, love you. Scott, you're

59:23

lucky you're working with this woman.

59:25

That's just for me.

59:27

>> Yeah. So, let me guess who picked that

59:30

clip.

59:30

>> No, I love that. That was

59:32

>> Look, look at how happy you are.

59:33

>> Well, because the other woman said,

59:36

>> it's like when I It's like when my

59:38

ex-wife and I decided to get therapy and

59:41

my therapist within 10 seconds is like,

59:42

"You're selfish and have unreasonable

59:44

expectations of what marriage is about."

59:45

And I'm like, "Well, I'm enjoying this.

59:47

I'm enjoying this." Oh, that's because

59:49

Michelle Obama liked you. I just said,

59:51

it was very funny. It was a reaction

59:53

that anyway, thank you for that.

59:54

>> So, what if I want to have sex with

59:55

other women?

59:58

>> My god.

59:59

>> I love our listeners. Anyway, we love

60:01

that.

60:02

>> People hate you and love me and some

60:03

people love you and hate me. It's

60:05

perfect. It's great. Some people love us

60:07

both.

60:07

>> Something for everybody.

60:08

>> Yeah, something for everybody.

60:09

>> Sweet or savory.

60:11

>> I enjoy our listeners. Anyway, that's

60:13

the show. Thanks for listening to

60:15

>> how happy you are. Look at you. Look.

60:18

Look, look. I've never seen You're

60:20

giddy.

60:21

>> You're giddy. Child,

60:24

you know what? I was so happy.

60:26

>> I can't believe you're actually worried

60:28

about that.

60:28

>> Why not? It's like that interesting.

60:31

>> So many people are in those [ __ ]

60:32

files. You had to look.

60:34

>> I stay home and I watch Euphoria. That's

60:36

the most sexual experience I have.

60:38

>> That's the show. Thanks for listening to

60:40

Pivot and be sure to like and subscribe

60:42

to our YouTube channel. We'll be back on

60:44

Friday. Scott Reed is out.

60:46

Today's show is produced by Larara Name

60:48

and Zoe Marcus and Taylor Griffin. Ernie

60:50

or Todd engineered this episode. Rich

60:52

Shibi edited the video. Thanks also to J

60:54

Bros. Miss Vo and Dan Shalon. Nishak

60:56

Corz Vox Media's executive producer of

60:58

podcast. Make sure to follow Pivot on

60:59

your favorite podcast platform. Thanks

61:01

for listening to Pivot New York Magazine

61:02

and Vox Media. You can subscribe to the

61:04

magazine nymag.com/pod. We'll be back

61:06

later this week for another breakdown of

61:08

all things tech and business. Action

61:11

absorbs anxiety. Resistand and

61:14

unsubscribe.com

Interactive Summary

The podcast opens with an update on the "Resist and Unsubscribe" movement, where individuals cancel subscriptions to various companies to inflict financial damage as a form of protest, highlighting the surprising amount of money spent on forgotten services. A significant portion of the discussion focuses on the recently released Epstein files, with the hosts categorizing levels of involvement from criminal acts to poor judgment and innocent association, and criticizing powerful individuals who feel immune to laws. Other topics include the positive market reaction to Kevin Warsh's nomination as Fed Chair, Elon Musk's strategic plans to merge SpaceX with XAI and potentially Tesla using a "radioactive meat" analogy to boost valuations, and the existential challenges facing OpenAI in the competitive AI market. The hosts also address allegations of $4 billion in financial corruption by Donald Trump and his family linked to his presidency, and debate the sustainability of the war in Ukraine.

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