Open Book with Anthony Scaramucci - America’s Economic Divide, Global Energy Crisis, AI Job Losses, Bitcoin’s Future

Episode Date: March 11, 2026

The world feels like it’s unraveling—oil shocks, AI replacing jobs, and markets trying to figure out what comes next. Mike Novogratz and I break down why this economy is splitting in two, where Bitcoin and oil go from here, and how smart investors survive the chaos. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Learn more about Galaxy here: https://www.galaxy.com/ Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Okay, when I sell my business, I want the best tax and investment advice. I want to help my kids, and I want to give back to the community. Ooh, then it's the vacation of a lifetime. I wonder if my head of office has a forever setting. An IG Private Wealth Advisor creates the clarity you need with plans that harmonize your business, your family, and your dreams. Get financial advice that puts you at the center. Find your advisor at IG Private Wealth.com.

Let's talk groceries, specifically your groceries. With Instacart, you want your groceries just the way you like them, right? Well, the Instacart app lets you do just that. They have a new preference picker that lets you pick how ripe or unripe you want your bananas. Shoppers can see your preferences up front, helping guide their choices. Instacart, get groceries just how you like. When a country's productivity cycle is broken, people feel it in their paychecks, their communities, their futures.

What does this mean for individuals, communities, and businesses across the country? Join business leaders, policymakers, and influencers for CGs' national series on the Canadian Standard of Living, productivity and innovation. Learn what's driving Canada's productivity decline and discover actionable solutions to reverse it. Are we going to avoid a recession? Are you able to move fast enough? We have a recession if you're poor. We don't have a recession if you're part of the big infrastructure built.

If you're part of the tech world, there's parts of the economy doing great. I said the Biden economy and the Trump economy had the same problem. It's a case-shaped recovery. It's good for the people that are in the knowledge business, in the tech business, and the infrastructure, now power business, and it's harder and harder for everyday citizens. Welcome to all things markets. I am Anthony Scaramucci. And I am Mike Novagrats.

Michael Novagrats. Nothing going on in the world, as you and I both know. Well, not really. Okay. The world is unwinding as well. we're speaking. So let's go right away to oil. Everybody listening in knows that the United States has been in an air war effectively over the last 11 or 12 days. We did go from a homani to a hominy and one Scaramucci, Mike Novagrat. So that's what you call regime change

and less than a scaramucci. But crude went to 120. It's now backed off to 90. 84. 84. Okay. It's 84 now. Okay, looking at it. You're right. Dow was down 900 points on a Monday, finished up. Prices look good today up again. Where are we, Mike? You know, listen, this is all geopolitical. It's all trying to figure out when does Trump talk up, right? Listen, we went in, I think, for righteous reasons, right? Like you had a shit regime that was murdering their own people. And this is much. my interpretation, I think Donald Trump said, I'd already drawn a red line if they were going to murder their own people and they did. And I'm going to do something about it. I'm going to be a hero. We had the Israelis who have always been wanting to take out, you know, the Iranic, the Iran hierarchy. And so those two things lined up. We restoked up the fear of nukes that we had absolutely

obliterated six months earlier. And we've changed our reasons. to be in Iran about four or five times. The current reasoning is we want to debilitate the regime from being able to show power in the world, show nuclear power, show any kind of power, terrorism power, financial power. And so it's kind of just to devastate the regime and maybe hoping regime change comes from that, but it's no longer regime change, even though Trump did at one point say it was. And so the market is saying, well, if that's the, if that's the high bar, we're pretty damn close to it. And all Trump has to do is declare victory and say we've debilitated the regime and walk away and, and the straits open back up.

Yeah, well, that's what I want to talk about, though. So how do you get the straight opened up? It seems to be generally closed. Very few tankers are going through there. They've attacked one of our tankers. How do you get the straight to open up? You know, talk about the strength of the U.S. dollar. You and I talk about all the time dollar debasement, but in a world like this, dollars the tallest of the shortest people in the room, right? See that? You see how clever I was. I didn't use the word midget, right, because we're in a woke society. See that? What's interesting is day one of a crisis, markets start adjusting. And day two, it's always a correlated risk on wind, which means people sell the shit they're in.

They stop at what they're short. They sell what they're long. And so things like Yoribor, you know, German short-term interest rate future sold off 60 basis points. Pricing in a full 50 basis point hike when we had thought they were going to be cutting rates. That's because lots of the big European macro fronts had huge positions of it. people were short oil, you can panic that, oh my God, if the straits are closed for 10 days, they've got to cut off production in places like Saudi because they have nowhere to store it. And it takes a long time to get production back on.

And, you know, that's a 20% of the world's oil flows through the strait. And prices are set on the margin, which means you'll pay anything for the last barrel. And so prices skyrocket up. that may collapse because everyone who needed to stop out or get along not long. And I think oil now is going to trade between 70, 75 on the low side and 100, 105 on the high side. And it's going to jump back and forth with rubers before it collapses again back to 60. And so it's not nearly as scary anymore being short oil into extensions because you already had the blow off top. Just like we had a blow off top in silver, we're not getting back to that silver price.

Like those things happen once where everyone gets squeezed. I want to role play with you because I like role playing in life. And you're Kevin Warsh and I am your econometric analyst. And you've already gotten approved. Tom Tillis has waved you through Kevin Warsh. You're now the chairman of the Federal Reserve. And I'm sitting here with you. I'm saying, hmm, inflation is ticking up.

Slower growth than expected. 92,000 jobs lost. But gas prices. I'm cutting rates, Anthony. This is stagged. Like, it's not really stagnation. The oil impetus is a one-off. It will come and go.

Right? Up down, you know, so you're going to... Evan, how much are you cutting rates, Kaff? How much are you cutting rates? I'm starting with a 25 and I'm going to watch. I'm going to get 75 done by the end of the year. Are you going to single that to the market? It depends if the market allows me to, which I mean by that is,

I'm going to look at whatever that PPI CPI trend is and, you know, what the, like the last jobs number was just horrific, horrific, horrific. And so one more bad jobs number, maybe even cutting 50. Like, Warsh thinks rate should be a lot lower. Right. He's made that clear to people he's spoken to before he got, uh, that's not because Trump. Like, give him credit. It's convenient because Trump wants them lower, but it's not because of Trump. And I think he will signal that quickly, especially if we get another week job. So Mr. Chairman, are we going to to avoid a recession or you be able to move fast enough? We got to be careful with words like recession because we have a recession if you're poor, right? We just do. We don't have a recession if you're part of the big infrastructure build, if you're part of the tech world.

And so these companies are making so much money. I was out with a spectacularly bright tech investor yesterday. He was like, damn, Anthropics is going to get to $100 billion of revenue. 100 billion. He was a company that didn't exist three years ago. I mean, that's the most breathtaking prediction I'd heard a long time. This guy was telling me, he thought, 2027, Nevidia is trading it 10 times earnings.

Like, that's how much profits being built into these things. So there's parts of the economy doing great. This is like I said the Biden economy and the Trump economy had the same problem. It's a case-shaped recovery. It's good for the people that are in the, the knowledge business, you know, in the tech business and the infrastructure, now power business, and it's harder and harder for everyday citizens. Now you're Mike Novogratz again.

Okay, you've been pretty vocal because I watch your interviews, okay, away from this network. You've been pretty vocal about fiscal recklessness. You talk about your time working in Washington and had a benchmark things. I feel like Jerome Powell has done an okay job. You disagree with that or you? I think Powell gets a start. Okay. All right. And so where do you think the dollar will be then if we're going to be jamming rates down 75 basis points by year end? I think euro makes it back to 130 or 16 now as a barometer. I think dollar Brazil and dollar Mexico head lower. Right. We've all, everyone had to get out of those trades because shit, when the world blows up, you want to just put everything in the dollar for a second. But I think the moment the world's unblown up, people start selling dollars again.

There's a movement away from the U.S. I mean, listen, you might like what Donald Trump has done in Venezuela. We should talk about that in a sec and in Iran from a geopolitical perspective. But the way we've done it is not endearing ourselves to a lot of people around the world. No question. And there's already been a, this is a different America. It's a bully. It's a, you know, power wins.

it's it's not the America that came up with the Marshall Plan. Right. It's not the America that, you know, crafted, you know, the economic and political infrastructure that ruled the world for the last 75 years. And so I just think that's sell the dollar as people rebalance. Oh, I mean, listen, I mean, remember, you know, those guys were not idealists, Michael, they were strategists. They knew that by setting the world up like that and creating a rules-based order, was actually going to help America because it would allow America,

despite its power and military strength, have natural alliances. We're now busting that and we're creating all these unnatural things. But go to Venezuela for a second because you met recently with Nobel Prize winner. She said,

who famously gave her Nobel Prize to President Trump. And I have to say, you know, she stayed at my house for two hours. She was unbelievably engaging. She answered, I ask a lot of weird questions and hard questions. Give me a weird question. Were you born rich, middle class, or poor?

She was born rich. Okay. Nice. You still married. No, she's divorced. Or do your kids live outside of the country? Nice. Frank.

But the story of her last two years in hiding and then getting on a boat, breaking her back to try to get to the Nobel ceremony, missing it by a couple days, is this harrowing story. And I was like, wow, that was, oh, 80 days ago. You know, 80 days ago, she's literally eight hours at sea, breaks her back, getting to some rescue boat to leave Venezuela. She gave Donald Trump that Nobel Prize, not because he wanted it, I mean, partly, but because she said for years we've been under this dictatorship in Venezuela, this hypocrisy, right, this criminal organization. organization and everyone gave lip service to help us and no one helped us. And the way she saw is the first person that helped them. And so I think about that in this context. She had like what would be the equivalent of you add of the diaspora, 80% approval. She is a legend in Venezuela. We've decided right or wrong, we're going to keep the old vice president who, who,

is very disliked both domestically and certainly by the diaspora in charge just to keep stability for a while. In my argument to the Trump administration is Iran's going to be hard. You guys want to win. Right now people think if you're a skeptic, oh, they took Venezuela for the oil and Trump took the money and sent it to Qatar and it's just more corruption. I'm telling you if they'd announce elections, six months from now, nine months from now, 12 months from now, free and fair elections that we will monitor. Trump will turn Venezuela into this glorious victory because people will say, damn, we did it for the right reason. America will be proud of what we did. Venezuela will love us. I literally think the Trump administration has this amazing opportunity, declare elections for nine

months forward. And then the story goes, my God, we did go in and do something really wonderful for this part of the world. So much money will flow into the capital into Venezuela. I got some money already invested there. I'll put a lot more in if I think there's rule of law. And so that transition will take the cynics in optimists. And he's going to need that because Iran is not going to be easy to fix, right? We got a guy that's half alive that is, you know, we've just murdered his father and his wife and half his family. So I don't think he's going to be a guy in for regime change. We don't know you know, when Israel goes in and bombs their bombs their oil tanks

that creates smoke galore and then black rain and all of freaking Tehran is covered in greasy oil does not endear yourself to the people. Like we had started saying we're going to take out the bad guys and leave infrastructure alone and somehow we lost our patience. And so I think they're going to need some PR help and I think Venezuela is a great way to get it.

And listen, I, like I said, I actually kind of thought regime change is a great, is a great goal, even though it's hard to pull off in Iran. And, you know, I will see. We'll see. The jury's out. I do think they're going to end. They're going to end this war in the next 10 days because they have to. the allies and you know we were talking to some senior people in aboububi they've had it they've like dude like you got five days left and there's been promises made back and forth uh at least i'm told okay but michael let's so in five days if it doesn't end then what do the people in the emirates or other allies in the region do what would their recourse be the the amount of trust they have for this administration which was starting at a hundred right right they were big backers of Donald Trump.

Abu Dhabi was, Qatar was, Saudi was, you know, they have leverage because they've invested, they promised to invest all this money, they're in all these deals. And so I don't think you want to piss off your banker. That's like Rule 101.

Let me say to see, the dining asks you this question for the whole week, and I want to frame it in the following way. The markets have a codependent relationship with Donald Trump. like a boyfriend and girlfriend. They're like John Kennedy Jr. and Carolyn Beset arguing in the park, right? And you know exactly what I'm talking about. They watch each other. The market watches Trump. Trump watches the market. And so are you really saying the geopolitical

outcome of this war is going to be related to Trump market washing and pressure from market participants? I think the geopolitical, yes, I do. I think the geopolitical outcome of this war is going to be how much pain Trump can take before he declares victory. He can declare victory tomorrow. And so it's a short fuse. Right. And the straight reopens. Listen, we've done the insurance thing.

That's coming in a week. We've got France's Navy and our Navy say, well, escort things. And so, like, that's all meant to calm things down and get the oil price low. But the only way it really flows is you end hostilities. Okay. So Michael, just so I'm clear, you and I are going to do a show next week. I think the war will be over. And the war will be over.

Okay, so where is the- broadly over? Okay, so where is the dollar when Trump declares that the regime has unconditionally surrendered to him, which is his very vague now, elastic definition of unconditionally. He's not FDR channeling the Japanese surrender. So they unconditionally surrendered to him. In the meantime, the regime, is still intact. Where is the dollar? Where's oil? Oil's back at 70, 75, because it'll work on its way to 60. And the dollar is much weaker. You know, Euro's probably 119, headed,

headed to 130. Stocks are higher. Rates, ironically, are higher. Like, rates have had the weirdest reaction because everyone's saying, oh, this is inflationary. And, And therefore, let's price in less rate cuts or even rate hikes. I just think it's crazy. Oil impulse is never inflationary. It's short-term spike. It's deflationary. It slows the economy down.

And so I don't know. I think between the, this will slow us down some if there's already, right? And so you're going to slow the economy down some. You've got AI. I mean, what do you think about AI? It's a deflation machine. I had somebody say to me today that they're selling their house here on Long Island. And I said, why are you selling your house on Long Island? You love Long Island. He says, oh, no,

there's going to be such massive job losses in the next five years that my house is going to implode in value. Are they exaggerating that? Is that too apocalyptic for you or is that something that you think should be a legitimate concern? I don't think people should be worried about their Long Island house. I don't. Well, you know, the apocalyptic people are out there saying AI is taking every middle class, upper middle class, white collar job. I don't think it's going to happen as fast as everyone else thinks it is because companies don't operate that fast. I also think, like, we were looking at all these guys getting fired from the Amazon's and there's a big rumor that Meta's going to have a huge axe. They're not going to try to reapply to other companies.

they're going to start their own companies. You can now start a company with a couple of people in freaking Cloddcoat. And we're going to see all kinds of new businesses pop up and all kinds of innovation. I talked to a guy yesterday who has a, like my real tech savvy guy, he talked to the guy and relayed the conversation,

to be clear, who has a fast food business in multiple states, a pretty big. one. And he said, you know what, I'm almost ready to fire my entire corporate staff because I spent all weekend with this Claude code. And I'm now, because if you have good data, you need data in the right place. But he said he's got, you know, looking at seasonal patterns of the different things on the menu and the different states. And like he put all the cues that and Claude did it in four hours. And it would have taken three weeks of lots of calls and guys on vacation and getting the data

and spreadsheets. And he was like, I don't need these analysts. I don't need the safe. So you are going to fire people. There was one example. You like Claude better than Chad, GBT.

You know, I'm not smart enough to know. It feels like everyone I speak to is using Claude. And it feels like... The Department of Defense. They're still using it for six more months. Okay.

You think, so where do you think that's going to go, Michael? You think they're going to lose the lawsuit? Yeah. I think, I think Claude will win out in this one. And they, Listen, they might not do the Department of Defense stuff after six months, but they're not going to be put on the bad guy list.

Why chain risk. They're not going to be designated U.S. company designated supply chain risk. Yeah, that seemed literal. Think about what the Silicon Valley people would say to Trump on that. I mean, it's ridiculous. So before we go to crypto, because I want to talk about crypto, I want to talk about China, Russia, and the Gulf states that are settling more trade outside the dollar system. Okay, there's a tiny bit of de-dollarization going on tiny bit, okay, more so than ever before. Is that going to continue?

Is that something we can stop if you're the Federal Reserve chairman? Are you worried about it? Trump is trying to stop it by edict, right? I don't think it's going to be big enough in the short run that it makes a geopolitical issue. and I don't think you can stop it. You know, like, listen, people are going to do with their money, what they want to do with, and they can get around. You know, Trump's view was, well, if they do that,

we're not going to trade with them. Like, we'll take our toys and go home. Like, at one point, you can't take all your toys home and come to America. You know, we have a completely interlinked, you can see it with oil, geopolitical economy. And so, like, we all got to learn to play together. We can change the rules a little bit. We can enforce the rules, but you just can't pick up your toys at this point and go home.

Again, we have a $27 trillion or $25 trillion supply chain investment in China. Like, you know, there's no world in the next 30 years where China and the U.S. are not partners of some sort. Michael, you still think the Clarity Act could get passed? I do. I do. I mean, unfortunately, there's, you know, all this other stuff that happens, creates energy elsewhere and less focus on it.

The government's partially closed. The president says he's not signing anything until the SAVE Act it gets passed, all this sort of stuff. The SAVE Act will not get passed, certainly in the way it's written. The crazy part is the SAVE Act probably could have got passed if it was written rationally. You know, if you brought in the definition of what an ID was,

if you gave people a two-year pathway to get those IDs. But like, I don't have a real idea. I went to the White House. I pulled out my driver's license last. I was like, oh, shit. I usually carry my passport and I've forgotten it. So I couldn't get into the White House. I had to come across the street and meet me.

I was like, it's a New York State driver's license. Google me. That didn't go over well. I'm like, what do you like? Right. No, you need a real ID everywhere. Yeah. All right.

So you know how many people have real IDs? Not that many. I got one because I'm an avid traveler. I'm guessing it's less than 50%. Yeah, not that many. I just told my wife, you can't pass a law that goes into effect that half the country doesn't. you have the idea to get it done.

Yeah, 100%. Ported written law. Michael, you and I have a mutual friend, a gentleman by the name of Michael Saler, okay, who is locked and loaded. He's on fire again. He's bonfire again. And so let's tell me what he's doing. Okay, he has this security called STRC, selling 100 million of this at a clip.

He's on track to purchase another 15 to 20,000 Bitcoin. I think he's single-handedly propping up the market unless you tell me otherwise. He is driving the market. I tell you what's interesting about this. Yeah. Micro strategy versus, and there's lots of ways to figure out what it's MNAV

or what it's fair value versus Bitcoin is, but it traded below. And Sailor was smart enough to say, I can still sell stock even below NAV because for me, what's more important is the Bitcoin price starts going up again, which will rekindle the excitement around Bitcoin, which will rekindle the excitement around micro strategy.

And lo and behold, the buyers of crypto in the last three weeks have not been my classic Bitcoin hedge funds. They've been Retail America. And retail America either buys an ETF, you know, I bidder one of the other ETFs or micro strategy. In Microstrategy, on most days, does more volume. And so they buy micro strategy as their Bitcoin plate. He sells them the stock and uses it to buy Bitcoin and that cycle gets going again.

And as long as micro strategy trades over par versus its MNAV, which my calculation, and it's, you know, you got to decide how you think about the converts and the prefers and, you know, is somewhere between 110 and 120. the worst you can get it is like 101. He's got room to keep selling stock and selling these perpetuals. You know, the perpetual is a funny security because it says, I'm going to pay you an interest rate. If I don't want to, I don't have to.

And that 10% goes in perpetuity. That's hence the perpetual. And so I think people have realized he ain't going bankrupt. Bitcoin's not going to zero. or even not going to 20,000, and they take their 10% in a world where, you know, risk-free rate is three and a half, they like it. For the short sellers out there, I think it's important for them to know that in this type of capital design that you're describing, he's not taken on any more debt at the company level

because he's selling the equity. So it's going to be very hard to knock him out of business. Am I wrong in saying that, Michael? Yeah, listen, what would not Michael sell out of business? You know, Satoshi shows back up and sells his whole bag. You know, there's an electrical magnetic pulse and the whole system bray. Like, it would have to be something so catastrophic that people just give up on Bitcoin. But barring, you know, 0.1 Delta, micro strategy stock might lose.

It might trade to 70 cents on the dollar versus Bitcoin. But you're not going to create a force seller by Michael Saylor of all his Bitcoin. I will go so far to say, I bet you in the next three years, he doesn't sell a Bitcoin. And where will Bitcoin be in three years? $64,000 question. I think this year we're 60 to 80 until we take out 80. I'm optimistic that we've traded so well in the last, you know, week and a half. I do see sellers at 80, or at least people that say they will.

So I don't think we go through there the first time. But I think in three years we should be back to new highs and then you're in price discovery. In some ways, it has to be if this industry is going to, you know, the industry can't go sideways for too long, right? It's built on this story that brings people into it. And if you can't create a story that brings people into the system, the system is going to shrink. You mentioned Satoshi. So since you mentioned them, let's bring them up. I don't know where it is in the Calcy markets,

but what are the odds that a Bitcoin or many Bitcoin gets released from that while? I think zero. Okay, tell us why. You know how hard it is to huddle, to hold, like, if you bought Google, I bet you bought a share of Google sometime in the early 2000s, and I bet you still don't have that share.

I only have one funny story, right? I bought some Microsoft in a Goldman Sachs account left Goldman Sachs, forgot that it was in the account, and thank God, because without it, in other words, I didn't sell it because I didn't know I had it. Otherwise, I would have blown it out during the bomber years, right? So it's a big lesson to people not to sell quality stuff. But yeah. But so you think someone who could stand that that pile of money be the rich man in the world and not sell a coin. Unless they had such unbelievable income from somewhere else that it didn't matter. But I just think almost impossible. So somebody put that stuff together, ripped up the keys and said, bye-bye. Somebody died. Okay. Yeah. Died with the secret.

Yeah. That secret ain't coming back. And quite frankly, it's brilliant. You think they can quantumly protect that? Think about gold. You think it could be quantumly protected that wallet or it's going to get cracked in that? That is beyond my pay grant. I hear both sides of it.

I think, listen, crypto's real challenges as we get close to quantum that the core developers have to agree on the upgrade of the code. We saw the big fight between Roger Vair and the rest of Bitcoin, between Bitcoin Core and Bitcoin Classic. I think they'll agree because it's existential. If they don't, it's over. And so Occam's Razor tells me, of course, they'll agree. But we'll see. My bet is they'll agree. Any parting words you're wrapping up? You get weeks like this once or twice every couple years. And You know, you learn a lot. They're fun to participate in. There's one lesson that I would give younger investors. The moment you see what looks like what we call a correlated risk unwind,

when everyone's trying to get out of risk, your best bet is to go to zero. Step back, take a deep breath, and then you're a velociraptor. Then you're buying the thing that sells off 50 basis points when it rallies 20. You're selling it back out. You're making money. you're selling crude at 120, you're buying at 100. You're so much more free to take advantage of other people's pain if you're not in pain yourself. And what mistakes everyone makes is like, well, I'll sell my peripheral stuff, but not my core stuff.

You've got to learn the discipline to say, we're going into a two-week rewrite Tumblr, and I don't want to be in that tumbler. And listen, it's hard. I've talked to some of the best fund managers in the world that has some of the worst weeks of their life. You think about things like Japanese stocks and Korean stocks, which were darlings that just got eviscerated. And they got to levels that are probably worth buying.

And so that's the that's the takeaway. You've got to be faster than everybody else. You've got to stay nimble. You're coming out of this week pretty bullish. The war is going to end. Things are going to stabilize. Oil is going to stabilize. The people are going to be able to return to their beautiful Dubai condominiums, no problem.

I tell you what, I think people, the people that left made a mistake. I'm telling you, I've been going to Abu Dhabi since 1994. And that's a place that just worships loyalty. They admire loyalty. It's a culture of loyalty. They're the greatest investors once you have them in because you're part of their family. And for the guys that said, oh, no, it's a little bit. and bolted, picked up and left, willing to pay anything to get out.

Weenies. And I'm telling you, the Emerities are going to forget who those guys were. All right, amen. Well, look, you and I will be back at Abu Dhabi Finance Week in November. I'm not going anywhere. Neither are you. All right. Well, that's a wrap for this week.

We'll see you guys next week. All good. All right, brother. Lane Novigretz and Anthony Scaramucci.