PBD Podcast - Supply Chains & Cat Conventions | PBD Podcast | EP 99

Episode Date: October 29, 2021

During episode 99 on the PBD Podcast, Patrick Bet-David sat down with Tom Zenner, Danielle DiMartino Booth, and Kai Lode to talk about topics such as Adam's Cat Convention, Mitt Romney on Billionaires, and much more.  Watch the full podcast: https://youtu.be/Nc7fuEyPOI0 --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

We're alive. Okay, folks. Episode number 99. We have the great Daniel de Martino booth in the house with Tom Zenerang. Kai Adam is not here. He was supposed to be here with Daniel. The reason why he's not here. There's the I think it's the biggest cat convention going on in Dallas right now And he's one of the he's one of the keynotes. Yeah, answer to this. Yeah, spans sponsored, you know, SasTalk's cats in Dallas Catnip. He's a big investor massive Extremely supportive. So Adam enjoyed the cat dimension in Dallas catnip he's a big investor massive extremely supportive so Adam enjoyed the cat dimension and Dallas his very efficacious cat litter so here's a guy who said he'd never returned to Dallas we can't get him to stay here

he's been back there more than you have it's that the the he feels more connection with the the health care workers and for sure no he only travels to red states. That's all he does. That's classic. Classic. Anyways, Daniel, we miss you. How you doing?

I'm great, how are you? But I'm thinking to myself, what if he meets the right woman and she's like based in LA, what's gonna happen? That'll be like existential. Would he move to LA to get married and settle down?

I don't know if he would. Would he be too cheap to fly out there all the time? When you have a meter in the middle of a country? I'm like a Zoom relationship. Right. If he is Zoom relationship is what it would be. Yeah, he would definitely be. A virtual reality would probably play a role too.

But you know the one thing, I honestly have a hard time understanding is when you're only doing lift and uber, how do you go on dates? That's, I don't understand that part. Like what do you tell her? I'll pick you up in an Uber. And this is a good looking guy that doesn't struggle

with women, so how do you do it? You can add a stop. Sure. Is that what it is? And you got to schedule it, actually. No, or no, do you actually have friends that go, they don't, I'm the queen of women. No, but you can do that.

Once you get in, you can have them go anywhere you want. You just alter the route. So you're gonna tell the girl, hey, Mary, I'm gonna pick you up on my lift. I'm probably to get an X. I'll pick you up at such and such stop and it will go to dinner. Is that how it works? If you're showing up on a Hyundai, it's just not starting. Well, here's another pop. You would probably show up in on the order. Or you just order it over for her. Right. And it shows up. And then you meet at the restaurant. So he order a lift for himself and Uber for her. And I'll make

sure that they coordinate and get to the place Well, listen hurts the hundred thousand ubers that that Tessless that the orders they're gonna team up 50,000 of them would Uber. Yeah, did you see that? Yes, maybe that's like gonna be Adam's plate. I'm gonna pick you up on a Tesla. So it's like a high-end Uber or lift it kind of goes with this metro image. I see it I can always say my driver will be there 20 years ago that was a big line Couldn't tell you what his name is a big one. Yeah, yeah

10 years ago is a big line today is not a big line anyways. Okay, so we got a lot of crazy stories That we got to go through obviously Daniel you're gonna give us an update on what's going on with Paulo? It looks like he may get fired by February, but we want to get an update from you on what's going on with Powell. It looks like he may get fired by February, but we want to get an update from you. Manchin is doing, again, the same thing. Grid lock and saying, I'm not going to do this. Well, tax, we'll cover that as well.

Biden inflation Thanksgiving meal set to be the most expensive meal on record. We'll talk about some of those numbers. Disney's lost its mind, folks. Disney has completely lost its mind. You're going to find out what a Disneyland ticket that cost in 2000 cost today. You will be blown away.

Matter of fact, I want you to guess it without Googling it. We're gonna get to that story. It was $41 in 2000. What do you think it is going to go to in 2021 today? What the price is gonna go to? Don't Google it. Just actually play this game and put the ticket. One ticket to Disneyland, where they're taking it to.

The port issue is massive. We'll cover that Los Angeles and Long Beach. What they're getting ready to do with the fines and the $100. We'll cover that. Elon Musk, the taxes they're talked about, Romney said something very interesting about what would happen if the taxes went higher.

And then Florida leading the nation in economic recovery, as well as COVID today. They're the lowest in COVID, which all this criticism that they were getting, it's maybe the strategy the Santos had was working. So I say we start off with the Disney story. I think that's the story I wanna start off with. Okay.

We have some comments here. Did we get any answers? I see, I see. A lot of people are actually getting it pretty right. Yeah. Some people are saying some ludicrous numbers. Anyways, let's have fun with this. Let's have fun with this.

By the ones that last, we went to Disneyland. Probably three, four years ago. Okay, ones that last, we went to Disneyland. Uh, 2016 for senior year. Eastern. Eastern? Good God. Because we're young.

Eastern, last, we went to Disneyland. I want to say three years ago, we went to Disneyland with the kids. Two years ago, some like that, three years ago, and to Disneyland. It was a shocking experience. Good or bad? Bad. Really? In what way?

Well, they don't have fast passes anymore, or they didn't have fast passes during the COVID protocol. They had limited capacity, which was BS, because the place was full. But you just sit in lines. You just sit in the... You went there post COVID? During COVID.

Oh, during Easter. Oh, okay. If you land or world, here. Okay, we're talking about Disneyland, right? Yeah. Yeah. Yeah. Got it. You know, but the fact that you don't have a speed pass, that's a very different experience. No, no, no. We used to it at every of these before you go to. It's not a good experience without a speed pass. They're not, they're not paying me to say it, but Universal Studios, the whole, the whole experience was better just because you could get, you could get the speed. Universal's amazing. Let me, let me put it to this way. 10 out of 10, I prefer Universal Studios, the whole experience was better just because you could get this. You could get this. It's more of Universal's amazing.

Let me put it to this way. 10 out of 10, I prefer Universal Studios over Disney. It's not even close by the way for me. I even have a good time as a parent, going there on a Disney land. It's fun. The one in LA is great too, because films have been filmed there.

Sean and I, here's how we did Disney. With kids, you gotta have a strategy, right? So we would roll into downtown Disney, right? Cause then you could valet park. Cause I hate the shuttle there. So you valet park. Slick. You go into the first bar slash restaurant,

you see, you have a couple shots. All right, that's what we did. Then you can get your parking valet day. Either way, it has a shot. By the way, it's 10 a.m. Downtown Disneyland. So you go down there, you know, you're your kids. There you're, you're the ones who have a killer shot.

Not the kids. Not the kids. Not the kids. Just be in the kitchen. No, not the kids. Just be adults, right? Not the same. Don't say that on the national. You know, you two, right? I can see Dash being like that. Let's be good. All right.

I can see you. Yo, Pops, I'm buying today. You know, I got you. I got the money by the way. Yeah, no kidding. I'll be over with Snow White later, but let me hook you up with a little shot right now. Um, so then we do the Disneyland thing. And our reaction after a day at Disney is always this

Loading the stroller back into the car, you know, just dealing with you just look at each other and you go was that fun? I mean you have to go did we even enjoy ourselves? It was it's a challenge man. It's rough No, it's that remember that show survivor That's like what it is when you when you get to the other end you're like, okay We made it through the whole day of combat I have to tell you though, for me, 10 hours goes in five minutes when I'm at Universal Studios. It's so weird. 10 hours goes in five minutes.

Like this, you're like, oh my gosh, it's over, we're going home. You almost want a little bit more, but because it's very different. Anyways, let's. And there's a new roller coaster. In Universal Studios? How's the one in Florida, by the way? I haven't been to the one in Florida. That's where the new roller coaster's open. Have you been to the one in Florida? Have you been to Disney World? Anybody here been's the one in Florida, by the way? I haven't been to the one in Florida. That's where the new rollercoasters open.

Have you been to the one in Florida? Have you been to Disney World? Anybody here been to the one in Florida? Or no? It's insane. I rode every ride. It's good. It's amazing.

Really? Universal here in Florida. Amazing. I wonder how much, how different it is than the one in California. I gotta go check it out and see. It's faster. You've got more interesting rides.

Here. Here. Okay, cool. All right faster. You've got more interesting rides. Here. Here. Okay, cool. All right, so let's get right into. So Disney in 2008, Disneyland taking cost $41. A price hike just increased it, ready, $264. Okay, that's a 4X increase is what we're talking about. Okay, Disney announced Monday that it's adding a 6 level to a tier ticket price

system. A level that becomes available when there's a high demand at parks. The 6 tier will set you back $164 for single day single park ticket. If you want the ability to visit both parks on a single day, you'll need to pay $224. A tier 6 is set to go into effect in March of 2022. In 2000, a single ticket to this and I cost $41, adjusted to inflation. Ready folks, that ticket would only be 62 today. So this need, the inflation, they're living by, it's a completely different, they're living by Venezuela type of inflation is what they're doing.

Tears, two through five are also going up, tear two, previously $114, are going to $119. Tear three from $124 to $134. Tier four from $139 to $149. Tier five from $154 to $159. The first tier will remain at $109, but only applies to lowest demand days, generally weekdays in slower months like February. Parking has also increased effectively,

immediately used to cost $25 a day to park in the main lots. Now it's $30. Time I'm gonna go to you. Sure. Okay, so I think it's interesting. You gotta look at what type of revenue does Disney draw from the theme parks

for the whole company? It's almost 40%. And you know that that thing, 40%. 40%. It's 37 or 38, almost 40. So you know that tank during COVID, right? So they have to get that back. Here's another interesting fact.

The guy who replaced Bob Eiger was the president of the theme parks. So there's to be an imp there's going to be a you know a priority there yeah for sure without a doubt now here's the problem disney has become so woke right and and their characters have changed and I think if you're not looking for that type of environment if you want to go to disney led just to get away to have that magical california experience that it was known for

since Walt Disney opened up those gates how many years ago. That was part of the magic and the charm of California. You go there, everybody remembers their first time to Disneyland. It's a slice of Americana. It's as good as America gets. You have nothing to worry about in there. You forget about everything and then you leave and resume your life. So when you knew some shutdown, the economy, that hammered all those other small businesses

in Anaheim around Disneyland. So it's a compound thing. So 78,000 jobs lost by the way. It's so sad. It's so tragic. I mean, these people that, their whole livelihood depended on Disney. And for years, they could count on it.

And then they couldn't. So you've got them trying to make up for lost time for not having to, and Disney was shut down for a year. Disney World was open probably eight months before Disney Land. So it's a huge difference. It's sad. I'm glad my kids are old enough where they don't want to go

anymore. They would much rather go to Universal. Dash went to Six Flags last week for the big Halloween fun thing. So Disney's kind of out of it for me. And it's really, I feel like it's another thing that we've lost in this whole transformation that we've gone through as a country in the last year or two.

Well, think about a whole generation of grandparents that aren't going to go with their grandkids who went with their kids because of the wokeness. I mean, I'm sorry, but you grow up with fairy tales. You don't change a fairy tale. A fairy tale is a fairy tale. You don't alter the characters. You don't say you can't kiss sleeping beauty. No, because there wasn't consent. Are you kidding me at Sleeping Beauty? You cannot alter a fairy tale. You can't kiss sleeping beauty. No, no, no, because it's not consent.

Yeah, so remember that story. That's just, Kai, since you are the closest to understanding the ideas of Disney and your own most-sized-fasc. Tell us, Kai hadn't mouse years on three years ago. He didn't. Out of fact, in his job interview, he had a Mickey Mouse shirt on. I'm gonna tell us. Tell us, Kai hadn't mouse years on three years ago. He did. Out of fact, in his job interview, he had a Mickey Mouse shirt on. I'll tell us.

Tell us about this Disney story. I thought that was going to be between you and I. Yeah. No, I think this is crazy. And he brings up a good point with COVID and that it's been closed and stuff like that. But in the grand scheme of things, I don't think that changes things all too much. Because in that case, they wouldn't have still raised the prices by a hundred bucks, but from 2000.

So in those 20 years, nothing major like COVID happened during that time. So you can't really just blame it on COVID being it. I think it's just more that they're continuously hiking up the prices because they can. They know that people will come and I'm sure they've done the cost benefit analysis of seeing how much will we lose if we do this versus how much will we like make extra and but I think the biggest thing for me as well is just the plus plus plus plus plus plus. I know when we'd go there we'd be there all day we'd come in the morning and we'd leave after the fireworks at midnight. Yep. And obviously at that point you need like two meals. It's now parking went up and there's the snacks and there's all the other stuff they sell. $18 chicken nuggets. Yeah. So that to me blows my mind even more of just there's the snacks and there's all the other stuff they sell. $18 chicken nuggets. Yeah, so that to me blows my mind even more of just,

there's so much more that's just plus $1,000 for sure. It's a fair number to put easily. Especially that one. Because then they put the Disney store, right? You have to walk by it. $1,500 for four. You're right, $1,500 for four. Yeah, it's all a profit machine in the sense.

Like at that point, if you walk in and everything's an upsell, then why are you also being charged that much Initially I'll go I'll go a different angle as well. So here's here's the other angle I go when when when Jack Dorsey tweets out Hyperinflation is coming to the states and the world and people lose their minds. What are you talking about? This is hyperinflation. This is hyperinflation. So whatever you wanted to, this is a sign of when people say, no, it's not coming. This is hyperinflation and this leads to the story with Thanksgiving, right?

When you're talking about biting inflation with Thanksgiving. But let's down Disney for two more seconds, because I just, I want to put my want cat on for two seconds and be dorky and be geeky. This decision was made in the shadow of the third stimulus check being sent out to Americans. When they felt like they had all this extra cash That they were flushed with that they could run out and take this big vacation So that's what management based this decision on there's no more stimulus checks coming

I'm just saying they might not have the audience that they think they have you think so they might not I mean how many American families can afford What you just said for a minimum a minimum, for a day. This also doesn't include if it's somebody like us that would have to travel there. This is assuming you're just driving up and you're parking there. A part of me loves this. Let me explain to why I love this. I'm gonna tell you why I love this.

Majority of people that go to Disneyland, what wealth bracket are they on? They said, low income, middle income, I don't know. I said middle. I agree. Okay, perfect. Guess who has the biggest voting power in America the silent majority in the middle okay and the middle right so the middle is going to go and they're going to say what the hell is going on then they're going to say maybe this inflation conversation isn't bullshit maybe this concept of constantly printing money and sending people money

to people maybe it doesn't work and now we're feeling it. So there's a part of me likes the fact that this Disney thing can become a social experiment for families to say, pump the brakes, we ain't going to Disneyland. How much are the tickets? Are you out of your mind? There's no way in the world. And then they're gonna say, you know what?

I think we need to stop kind of this printing money to have a situation. And the other thing too, is if they're gonna jack the prices up to this level, if you have a couple kids, Disneyland and if you live in Southern California is a must thing that you have to go X amount of times. I want to have a problem at 1,500 if it was a great day.

But if you end up spending this kind of money and it's not the same and you're a little offended and then it's too politically correct and you're annoyed over here, then you're thinking, what the hell, I'll never come back here again. What a waste of your time and money. Because I think with that as well, people are willing to pay a higher price then you're thinking, what the hell? I'll never come back here again. What a waste of your time and money. Because I think with that as well, is people are willing to pay a higher price if you're getting a better experience for it. But if you're paying just to pay and you can't have fast passes and you're standing in line all the time and all this other stuff anyways, then that's more where I see the discrepancies. You're the other part.

You're paying way more than it's worth. You're the other part when you're doing a business. Like, let's just say they have two major new shows or new thing that they built or a new experience, and then you announced this, guess what I'm gonna say? Okay, cool. I'll come because I'm gonna test out the new Viper, the new Superman, the new, whatever thing, right?

Oh, that's not a new Star Wars thing here in Orlando. And it is, it was the Star Wars thing. Yeah, it's the Star Wars thing a couple years ago. Yeah, well, what I'm saying is today, like if you're doing something today to increase it like this, you got to kind of give the audience a say, you're making it better. Here's why you want to come,

because we just announced a adult stada da da da da and the kids this and this, then maybe. But just, you just do it like, hey guys, we're raising the prices. Yeah, okay, that's not how this works. But it works because so many things are tied to each other and the American people today have to sit there and say, listen, let's reconsider how we vote. We have to pay a guy yesterday, yesterday Bernie Sanders tweeted something.

He says, three words, tax the wealthy. I retweeted Adam and I said, three words, you are wealthy. Look in the mirror. Then a guy says, but you don't understand. Look in the mirror. Then a guy says, but you don't understand. Bernie never said he has a problem not paying the taxes, you know, even if he increases it. He doesn't want paying those taxes.

I said, oh, really? Is that why when he was going on his campaign trail, he was not paying his employees the $15 minimum. He was paying them less than $15 minimum, but he was telling everybody else to pay $15 minimum. So the hypocrisy eventually shows up in your finances and how you spend your money. So yes, I mean, these ideas of people just imposing the pain on others, eventually you're going to feel it yourself as well. You know, I would just say this about Disneyland, one of the best things about it for me was

I hate roller coasters. I could go on, it's a small world and kill a good 45 minutes to an hour where I wouldn't have to be brought on to a stupid roller coaster. I hate them. So I probably I'm probably the only person that likes it's a small world. You know you hear that song the whole time. Yeah, you know, you know, there's days in your brain the whole day. You really look like you're struggling with it. There's an emotional challenge going with you in Disney and some roller coaster. What did you experience on a roller coaster? Yeah, the bad experience. Can't you be afraid of heights?

I am afraid of heights. Oh my God. Give me on a ski lift. I almost freak out. No, you mean it's our gas to go ski. I am 100% serious. I can't, I cannot deal with it. Well listen, we were just going to say we were inviting you

and Shonda to Aspen to go skiing together. And maybe this just got canceled. I'll be the guy in a lodge all day. I'll be the guy in a lodge in the hot tub. Kevin is having a chance for breakfast. Shonda, you've got to work on the top. I'm not going to work on the top. I'm not going to work on the top. I'm not going to work on the top. I'm not going to work on the top. I'm not going to work on the top.

Listen folks, if you're looking forward to Thanksgiving, you may want to start shopping early and maybe even have a couple turkeys in the back now to be ready for it because things are going up your price-wise. OK, Biden inflation. Thanksgiving meals set to be the most expensive on record, the post-millennial story after supply and chain crunches, and an undeniable increased food cost.

Americans are facing a huge increase in cost for their traditional Thanksgiving meal. The New York Times reported that Thanksgiving 2021 could be the most expensive meal in a history of holiday. The Biden administration made an enormous deal about how Americans, 4th to July barbecues, were 16 cents less than they were in 2021. The administration was widely mocked

for their tweet, touting this less than impressive decline in food costs, the Biden administration was so pleased with itself, that they actually posted about how great it was that Americans would save 16 cents under meals. Well, that's not gonna be happening in that meals. That's not going to be happening. That Thanksgiving. So what do you have to say about this, Danielle?

This is, I look, I've got four kids, and I know what groceries cost. And I can tell you, they cost more and more and more every time I'm at the store. And then the packages are getting smaller, which really pisses you off. You know what the box of cereal size is supposed to be when you buy as many boxes of cereals as I do.

So it's the most grading thing and then God forbid the gas tanks on empty and then you gotta go fill up and you're like, okay, what's up with this price per gallon? Seriously. So I just came back from Europe, I was over there and I mean, they're paying like seven bucks a gallon. For what? Gas. Seven bucks a gallon for gas in Europe. Yeah. It's kind of it's going to come ten dollars coming here soon by the way. But I mean, but the whole the whole idea and you know and so I was in a

socialist country. Italy is a socialist. Extremely. And there is so much resentment right now they're rolling out attacks for the winter time to now they're rolling out a tax for the wintertime to have the people of means pay for the the higher electricity prices for the people who of not of lower means. So they just tax the hell out of you left right in in between. But no, I'm just look I'm a working mom, but the grocery store has gotten to be too expensive. So. So you guys stop eating. We're having what you got to do. We're having chicken nuggets. We're having chicken nuggets. A lot of ramen. Thanksgiving. You know what is crazy though. Everybody at this table, you're not struggling financially. I remember when we did as a family

and we were a welfare family and nobody was working. My dad worked at a 99th cent store. There was nothing going on. You felt a slight price increase because you would hear it from your mom when she said we can't afford that right now. What are you talking about? We can't afford it right now. There's going to be millions of families that are going to feel it directly not only Thanksgiving, they're going to feel it Christmas. These are two bags of that. That's going to be felt and it's emotional and it's painful and it sticks as a kid. You remember 30 years later what it was like at a Christmas or Thanksgiving when you were broke, millions are gonna feel

that this is Thanksgiving. You feel it in every direction too, because it's not just that Thanksgiving dinner, then you can't afford to go to the movies. And then the gas is more expensive, then you might not be able to afford that cell phone plan, and then you can't get school shopping done or the thing, so it's everywhere.

And that's what inflation is, and that's what we're all gonna experience pretty soon. When I heard this story of the first thing that came to my mind with Biden Flation is Hunter Biden. He's gonna do an NFT, you know, of the phrase. And he's gonna get a Ukrainian businessman to open up a boutique. And then he's gonna sell him all.

He's gonna market that and capitalize on Biden Flation, the name. So you know that they're proud of that, right? But you know, he sold a bunch of piece of art last week at like $75,000 And one of the ladies who was there she says I went there They wouldn't even let me in because she's a critic of art and they said you can't come in here She said I went across the street and they were selling a Picasso painting original sign for $400,000 So would you rather spend $400,000 for original of paying for a 100 by the least for 75. What kind of political influence do you get with Picasso?

Back to your lower income families and Christmas and the holiday season, Deloitte published a survey last week, the average American family that's lower income is spending 22% less on Christmas this year. The average wealth the American family is spending 15% more. So when you print money and it all floats up to the top and then inflation hurts everybody at the bottom, I mean, this is a train wreck. But that's, that's the biggest thing where it's like the people that

are voting to send more free money or the ones that end up paying the biggest price. I know it. It is so freaking weird. The basics of a math like this thing doesn't favor you. The more money they print the every time Daniel They print it printed more money. I made so much money. I can't even tell you how much money I mean every time that's where it flows it flows up because they don't know how so so anyway So that concept basic concept so let me say that number one more time So the the low income family is gonna spend 22% less during Christmas holiday season then last holiday season The wealthy is gonna spend 22% less during Christmas holiday season then last holiday season the wealthy is gonna spend 15% more

That's if they could get the stuff they want to buy right just think Oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, there. Well, no, and you had, was it Hasbro? There was some major toy company that came out a few days ago that basically said, you know, like we're down, like a third in terms of the inventory that we need. Go, and whether, I mean, the containers are sitting out there in the water. That's great. Baby, if you're listening by the gifts now, baby, there's going to be villains going to be complaining.

Pre-planning, pre-planning. I think the biggest thing that frustrates me with reading something like this is just seeing the hypocrisy in terms of how they're parading 16 cents in July. And then now it's backfiring of like how they're trying to push that up. One thing if they're like, you know what, inflation's happening.

We're working on it, we're trying to figure it out. It's gonna get bad before it gets better, right? It's gonna get worse before it gets better. But instead of them trying to parade with A, we saved you 16 cents over a full Fourth of July barbecue to now coming back. I think that's more where it upsets me in terms of them trying to parade something very small. Make it look like a big win, not realizing that a bigger loss is going to come down the pipeline. And that's just going to be more upsetting on that. That's a really good point because it just shows how stupid they think we are.

Like we're gonna get excited about saving 16 cents on the 4th of July. How do you even compute that? You can't, it makes no sense. It's not even around the air. We're gonna stay here. We're gonna hear. Who's the marketer?

First of all, you never say 16 cents. You say Americans are gonna save $9.3 billion. Yeah, even the even the base. They don't have multiple times three hundred and thirty five million people. Just given number to it. Rather than he's looking at us saying what the hell is 16 cents right? What's the last time you been kept change? Anyways, okay, let's talk about Elon Musk and what he said about the tax bill that's coming up uh... that their pushing so illon musk rips democrats billionaire tax plan that could slap him with a ten billion dollar

annual bill this is an insider story on monday he criticized the democratic tax proposal that would target american billionaires to fund a safety net expansion saying it represented the start of a new campaign from democrats to redistribute wealth from the richest americans eventually they run out of other people's money and then they come for you he wrote on twitter and a separate tweet must set on any any government induced reallocation of wealth would be better managed by the private sector

who is best at capital allocation government or entrepreneurs is indeed what it comes down to must could face up to fifty billion in taxes for the first five years under the plan if implemented and I'll continue for the next stories while I'm we'll talk about it to put CNN this is another story 2% of Elon Musk's wealth would save world hunger says the director of UN food scarcity organization billionaires need to step up now on a one-time basis at the

director of the United Nations World Food Program citing specifically the world's two richest men, Jeff Bezos, Elon Musk, $6 billion to help 42 million people that are literally going to die if we don't reach them. It's not complicated. Musk has a network of 289, meaning that the beesleaves asking for a donation of just 2% of his fortune,

the network of US billionaires has almost doubled since the pandemic began, standing at $5 trillion in October. So thoughts, and I'm going to go to you first. Would what Elon said about the $10 billion tax bill per year and redistributing in the wealth? So I mean, there are two sides to this story, right? And part of it has to do with the fact that as a country,

we haven't really paid attention to the disparity for way too long between CEO pay and worker pay. So there's something to be said for, if you've got a great employee, pay the great employee with their worth. And that hasn't happened for a long time. And the way that shareholder value is formed, the way that CEOs get compensated,

the value of their stock holdings, it does look like everything is going into more and more, fewer and fewer hands. But to say that somebody who's created all of these jobs needs to be taxed to Kingdom Come, instead of let charity be charitable. Look at what some of these foundations have done around the world in terms of medicine, health care. A lot of these people are very charitable. If they're not fine, but trying to go after just a few individuals is kind of shortsighted

in my view because a lot of these people are heroes to young American kids and they aspire to grow. And beyond to burners like them. Are they though because you know each generation to me whoever's in power in politics can Redictate who what a hero looks like and it confuses the hell out of kids so Yeah, you're if you're geeseing pink and you're and you're Jack mom, but I we're not that kind of a country

But wait a minute, go to Berkeley, go to a Columbia University, go to, I'm a 19 year old kid going to school, do you really think 80% of professors are selling Elon Musk as a hero? Do you think professors at these universities are saying you ought to grow up and be like Elon Musk and Jeff Bezos,

or do you think they're saying you ought to grow up and be like AOC and you ought to grow up and be somebody that's giving back, you ought to grow up, what do you think they're saying you ought to grow up and be like AOC and you know you ought to grow up and be somebody that's giving back you ought to grow up what do you think they're selling as a hero so the kid as a as a if you ever watch the parents who raise kids who win if you're around the parents long enough the obviously the some of the credit goes to the kids which is half the credit is kids because the kids are the ones that are going to go to work but the other half is what is the moment that selling gas success is money? Is it who you're as a

leader? Is it given back? Is it, you know, making the world a better place? Is it creating jobs? Is it creating economies? It's independent. It's independent. It's independent. I'm okay. Perfect. So that's do you really think that's what's being sold as he wrote that? Well, no. Then that's the problem. So Elon Musk today is not a hero to 90% of academia. Daniel, 90% of academia, but you have to know that it's like, you know, you know, a funnel, right? You know, a funnel, like what does a funnel look like? It looks like something like this.

Okay. All right. So we're going through what? You know, K through 12, you know, whatever you want to put it, K through six and then you got middle and then you got junior high and then you got high school and then you got college and then you got career, right? I'm going through this funnel. Well, at this funnel here when I get to the college side, 90% of them are going to demonize Elon Musk. So the kid is going to say screw this Elon Musk guy. Why should it be so rich? The hell would Jeff Bezos,

the hell would Buffett, the hell would Bill Gates? These guys are a bunch of schmucks and greedy people. Okay, so I've got my oldest is applying to college right now. Okay. And. Berkeley. Hell no. But you see, Lee. Good schools, by the way. Yeah. But I will tell you that his generation is very aware of woeckness. And they want to be able to maintain their conservative values in college, and they push back against a lot of the teachers that they've had in high school. And they come and they talk to their parents,

and they say, I'm not going to be indoctrinated. So I think because of social media, because this is a generation that's grown up with social media, we didn't, because there's so much more out there that kids can read on their own. Again, I go back to the word independent, as long as you tell your children, just because somebody says something to you and they appear to be in a position of authority, that doesn't make it true. You have to go back and check for yourself, but I will say that I am pleasantly surprised

with this generation of 17, 18, 19 year olds who were aware that they're trying to be manipulated mentally. Yeah, but you said something very powerful right now, Danielle. So, what percentage of parents you think tell their kids, listen to your teachers. Listen to what your teacher has to say. Listen to your teacher. Okay, you know what, I'm going to answer your question. Please.

I'm going to answer your question because Texas is not you. I said majority. I understand. Go forward. I understand. Texas has been on the receiving end. So it's Florida. Okay.

Of people escaping high state income tax. The flux of people coming in, yes. But what we're starting to hear in Texas also from Californians who are coming in is I don't even want to flirt with critical race theory coming into my schools. I'm moving to get away from this education system period and I want to raise my family in an area where they can think independently. You know what that says, though? It's not just an economic decision to leave California

is what I'm saying. No, no, but that's two things. So the question was an answer, but I'm going to come back to the question, but here's what I just got from what you just said. What you just said is the following. Think about the people in New York, Jersey, Illinois, California that don't want to leave that they're hopeful that it's going to change the people they

need to stay are leaving let me say this one more time to like you know what I'm saying like imagine you're living in California like dude I can't leave my family's here my aunts here my mom's here my grandma's here I can't leave this place well guess what this ain't flipping because those people are leaving to states like Texas and Florida. Yeah and it's killing their tax basis. Of course it is but the question I'm asking is the following what percentage of parents tell their kids listen to your teachers. I don't know. I think it's a lot lower percentage than it was. I agree. I agree with that but it's still high number. It is, but you know what? Because you have a different view of public school teachers unions over the last year and a half. Oh, they have done this to themselves.

So I think that number is going down very, very quickly. I mean, when you have Andrew Yang come out and say, enough with the New York public. Well, we're part of yeah. Enough with the New York teachers unions, let the parents go back to work, let the kids go back to school. You're taking a whole year of these kids' education in very formative years. When somebody like Andrew Yang is saying enough with the unions, I mean, that's powerful

because people like that have a voice that speaks not just to conservatives, but to a lot of Americans. So again, I think the unions have done Americans in general, parents in general, a great favor over the last two years because now we know that they're not advocates for our kids at all. They're advocates for themselves. What they what they call parents this week, you saw the big controversy going back and forward. Did you see that? No, but I can only imagine. Yeah, it was, it was, we're, you know, they're trying to control, you know, teach critical race theory parents are coming out saying,

you ain't bringing CRT to my school. Listen, just because I don't support CRT, doesn't mean I'm racist. I don't wanna talk about this. And they say, well, the parents are the real threat and we have to get involved and do this. And no, no, we are not the threat. Then they apologize because of what they wrote

in another position. Anyways, it's a mess right now because school boards, think about the school boards across the country. Are they ran by people on the left or the right left left 100% majority so you know you know what I mean I I live in the wrong school they're borderline militant but you know you know what I will say to you you know what I will say to you and we send our kids to military school so it's the opposite end of the spectrum I was thinking about this this morning when I'm driving down here when you know when people make the argument they say you should have half your board should be woman and men.

You should the board should be your administration. It should be men, women and you know gay community, representation for every community. You know what I say to that? I said no problem. You know what that should happen? Let's apply it everywhere. 50% of professors should be conservative. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, we should do that. I think you're right. Let's supply it everywhere 50% of professors should be conservative. No, well, no, no, no, no, no, no, no, no, no, no, no, no, we should do that I think you're right. Let's do that 50% of the board of all the school boards in America should be around my Great line to have a pocket. Let's do that moment. Let's create a hashtag. Okay, okay Ideologically inclusive. Yeah, go for it. They would never support that Are you kidding me? I mean never support that. I mean

That's what's wrong with so many of the not not just educational institutions never Never, but that's wrong. What that's what's wrong with places like the Federal Reserve you put a 786 PhDs in economics and one organization. You know what you're gonna get the same friggin thought You know, I'll tell you one of the best moments for me in this past year is my older daughter is a teacher She graduated from pepper dine and she's a great, great teacher and she got a job in a private school. And I'm so relieved that she doesn't have to be in the LA Unified Teachers Union.

I'm so grateful. And it's such a different world, such a different experience when you're in that private school environment. She's so lucky. I was in Santa Monica a few weeks ago filming with the great Jeffrey Gunlank. Thank you very much.

If you didn't watch that episode, please do. Good to figure it out. But I was having a conversation with a parent of kids in private school. Do you know? You know. You probably know that they didn't let the private schools open. The LA Teachers Union wouldn't let private schools that wanted to open with safety protocols open.

They said, if we have to be closed, the public school system has to be closed down, so does the private school system. I'm like, that can't be legal. That just can't be legal. I mean, when you hear these things that are coming out of California, it's the madness. And the parents are still paying these

enormous situations, and their kids can't even be in the classroom. Yeah. Can I make a point on this musk situation here? You know, the thing that really gets me and I know a lot of other people is, it's just a plan like this is just so insulting, and it's so unimaginative if you think about it because they're asking us to believe that if you did receive $50 billion from Elon Musk, you would know what to do with it, right?

You could solve hunger. What does that mean? That they would get one meal a day every single hungry person and the rest would be red tape or whatever. We don't know one trust them that they would know what to do with this money. The other thing too is obscene wealth or the mega wealthy has almost become a new sport in this country. Like people go to Forbes, like they used to go to box scores in the sporting events. Who's gonna Elon Musk went up 36 billion on Monday

because of the Heardsteel, right? So it's unbelievable. So if I was an Uber wealthy person, I think they'd be a little hesitant about this being out there so much because, hell, at VT Post, we could do a story on it every single day. There's something new in that world of the mega wealthy. And it's interesting, it's fun, it's fun stories to do. And here's the other thing, a guy like Elon Musk, for instance, how liquid is he? Like if you try to give him a $50 billion tax bill, it's not like you can pay that.

I mean, it's not like it has that lying around. And the final thing is, could you imagine if they forced Elon Musk to pay $50 billion or a Zuckerberg or some of these guys, what would they do to the stock price? It would kill everybody that's an investor in Tesla. So it's just so unimaginative and so insulting when they come up with these ideas

because they grab headlines, they're catchy. But it just shows how small thinkers that they are. Yeah, and then Manchin says, excuse me. And then we move on to the next plan. And that's exactly what happened yesterday. Manchin said, excuse me, and then it had to get all dropped. Bye-bye. I have two things on this, which is interesting, because part of the key point that he says

is, who is best at capital allocation government or entrepreneurs is Indeed what it comes down to and I completely agree with that like first of all the whole tax bills a slippery slope If you're gonna start where they gonna stop it right once they get the door open They'll swing it wide open and blow hole in the wall wall while they're at it. So no doubt that what piggybacking on what Tom saying is that you need to have What is it for it's not a blank check? What is that you need to have, what is it for? It's not a blank check. What is it being used for? And at that point, it could be like, okay, and that's where donations and coming in and

being able to donate your money of, oh, I see what this is going for. This is going for XYZ. I want to be a part of that. I want to invest in that. Or I want to, I want to gift you guys this. The other thing is with hunger, which is interesting, is that in the world right now, there's more obese people than there are mountain and nutrient, nutrient, nourished, nourished, nourished. And every year, there's 108 billion pounds of food in the U.S. alone

that goes away. That is 160 billion dollars in food. And actually, surprisingly, it's almost 40% of the food in the U.S. Yeah, I mean, there are some great restaurant tours out there that make an effort every single day they close to get the food banks, the extra food, as opposed to throwing it away. I mean, it's an effort. You've got to have an extra employee on hand to do it, but it's the right thing to do. Yeah, it is.

Instead of putting it into the dumpster. And stop and think about it. When you roll through a restaurant or something high on like that, you're going, where does all this food go? Like, have you ever been to Italy? It's a fun little place, you know, nice little Italian vibe there, but they have so much food on display,

and you're going, where does this go? If someone's not buying it, right? Do they throw it out? Most of the time they do, yeah. Here's a good tip. If you go to Randy's donuts at the end of the day, you could probably get a dozen if you pay for one, because they just throw them out.

We've been there at the close at eight, they'll just, hey, you need a dozen donuts. Yeah, go there right before the donut shop. This is economics one, I want. The closes, yeah. Save that money. Maybe the biggest tip of the day you just gave. Legendary tip right there.

I mean, go to the donut shop right before it closes. Because that put 16 cents into context. So here's what Mitt Romney had to say about Billionaire's tax. He said, a billionaire tax will push the rich to buy paintings or ranches instead of stocks. This is a market watch story. These multi-billionaires are gonna look and say, I don't wanna invest in the stock market

because as that goes up, I gotta get taxed. So maybe I'll invest in a ranch or in paintings or things that don't build jobs and create a stronger economy. That was Senator Mitt Romney sharing one of the reasons that he's against President Biden's proposed tax on billionaires to help pay for democrats social spending bill i hope you understand how much a trillion is rondy said a trillion seconds ago netherlands uh... not yet

the dot walk the earth so is a true so a trillion is an enormous amount of money and a democrats i think they are adding fuel to fire creating more inflation and it's hurting the american people then i'm going to hear why is he saying to the average person to say why would he buy paintings or ranches or baseball cards or things like that why is he saying that they're trying to put their money in a hard asset that cannot be liquidated in there by taxed it's pretty simple i mean in in it makes sense and that's why in times of kind of crazy economic distress, you've got people out there with dry powder who they buy land, they buy real estate,

they buy houses, they put their money in something that's going to hold its value in the next generation. And that's what they do. But if you're going to tax stock, by the way, take a guess at how closely, take a guess at the co-movement, we call it correlation, at the co-movement of the S&P 500, the biggest stock market in the world, and CEO confidence. So how happy a CEO is compared to the S&P 500? How close of a relationship do you think that is? CEO confidence versus S&P 500, how close of a correlation it is. I wouldn't be able to answer that question.

70%. 70%. So if a stock price is going down, that means that people are getting fired. Okay. And that's what people don't understand. People always push back and say, Danielle, the stock market's not the economy. I'm like, I get it. But based on the CEO and his stock price, and if the stock price can't do mergers and

acquisitions and buy out other companies and try and grow, if the stock price falls, they're like, we've got to cut costs here. So heads are gonna roll. And I don't think that the Democrats are thinking all the way through this process because it's gonna trickle down and hurt the ones who are the most vulnerable.

As usual. As usual, that's what ends up happening. Now, look, I'm gonna push back for just a second and say that when you when you read about companies like Amazon not paying taxes for years and years and years you're like every company should have to pay its own you shouldn't have a tax code that's so full of loopholes that you don't have to pay a minimum level of tax well you know how you know you know you know you know how you would fix Yeah, rip up the tax code and say pay 15% call it a day. Not even rip up the tax code.

Get rid of lobbyists. No shit. Yeah, you get rid of lobbyists. So you get rid of lobbyists. Half that stuff would be done because why do so many of these big corporations have a executive office in DC? Because they're writing the lobbyists are writing tax is a writing test that is a byproduct this is this is when people ask why why are such a

billionaires on the left or why are such billionaires on the right or why are so because when you get to that level it's not about taxes anymore it's about laws right it's about so and the way you get that is by hiring the best lobbyists who go lobby for you to pass a certain law or something they're writing the laws. Exactly. That's the point. So if we got rid of lobbyists and that model was gone, this game of politics would be very different.

We would be more American. We would be more American. Yeah. We can all dream, right? There's also no doubt who those tax loopholes favor. The mom and pop shop were the big corporations. Oh, exactly. It's always a small business owner.

When you hear thresholds like $400,000, you're saying to yourself, what's a small business owner going to do? Because you're taxing an employee out of work. That's what you're doing with a small business owner. It shouldn't be a sin to make $400,000 and employ people. It just shouldn't. If it comes down to the taxes or the people you're gonna lose an employee Again, these policies are not properly thought through and by the way, they're not even read

We talk every day that the you know the new bill is gonna be 1.7 trillion and Biden's gonna make I'm not so we can read what's in it. Just make that thing so long that no one will put the time in to actually read everything That's at the bottom of the policy famous. I'm a blue. You famous you've a lot of famously said let's let's pass it first and then read it that's unbelievable you know do you think some of the uber wealthy are going dammit that ronnie why you giving these guys more ideas now they're gonna try to tax that somehow i wonder if it's gonna be very often yeah so somebody tweeted out something really brilliant they're like so if you're attacking taxing untaxed gains right i'm unrealized gains what's gonna happen if the stock price falls? Is Uncle Sam going to write this person a check back

and give him a refund for what they taxed? Because unrealized is unrealized. But what if the value is lost? What if the CEO gets run over by a train? Tough luck. And he's worth, you know, he is the company. And all of a sudden, the stock price goes from 400 to 200. Is the government going to write the check back

for having taxed unrealized gains? I don't think it works that way. They're not thinking this stuff through. You know what the first thing I thought of on this story from Mitt Romney was, is that why Bill Gates has bought all this ranch land and all this farm land? He is the largest landowner in the country. He used to be a tetherner now, it's more farmland

than anyone in the entire country. I mean, hundreds of, or maybe millions of acres. Like it's unborn. Well, yeah, yeah, or maybe millions of acres. Like, it's unborn. Well, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah. But that, that, that, that, that gets you to a much bigger discussion about corn and soybeans and pork and China buying one of the biggest pork producers in the United States.

I mean, food is national security. You talked about S&P earlier, right? You said S&P, you know, correlation with CO70%. SMP 500 hits record high on strength of tech and earnings cheer. Gains and Tesla and video and other heavyweight technology names help the benchmark SMP 500 index scale or record high on Tuesday while upbeat results

from UPS and GE added to optimists around the third quarter earnings. Tesla rolls 1% Accentic record run that helps the electric car become a trillion dollar company. I think that's the eighth trillion dollar company after they announced the Tesla deal with what he called it. It's hard. United Parcel Service surged 7.6% to the top of the SMP 500 index after delivery from reported better than expected quarter learnings and revenue bolstered by strong e-commerce demand and GE rose 2.6% after the industrial

Conglomerate raised its full your earnings forecast. So Danielle you're in this world. This is what you do on a daily basis Has your Idea of what's gonna happen to the economy change? So I'm gonna ask this question with the conversation that came about with Powell. Is Powell gonna keep his job after February? Is it gonna be a new person coming in? Is the person that's gonna come in? Somebody we oughta worry about. You kinda talked about that before.

I had a conversation with Goldman two days ago. Goldman said that rates are gonna be going up no matter what because to control inflation. It's not a choice. That's the direction they kinda have to go to be able to do that. What are some of the things you're seeing trends patterns that we ought to know about? First of all, let's get past the S&P 500 being in a record high.

The Fed is pumping $120 billion of liquidity into the market every month. Most Americans that are putting new money into the market and retail smaller investors are putting more money into the stock market. You've had more money going to the stock market in 2021 than you had going to the stock market in the past decade. So retail investors, how do they invest? Index funds, right? Every dollar of passive investing, every dollar of marginal dollar of passively invested

money in an ETF or an index fund is a multiplier of 17 times because you're feeding a beast. And on top of that, you've got share buybacks right back at record highs because the Fed encourages companies to do what? Invest in the future and grow the economy? No. Issue debt and buyback their shares so that they can get their earnings per share heart. So let's just understand liquidity is driving this train. And the Fed now, because they got so far behind the inflation curve, because they refused

to get out of the business of buying mortgage-backed securities, because they set off a speculative, like massive, the highest speculation in US history. What we're seeing right now, the average US family, the first time home buyer right now, the median price of a home is beyond what they can afford. This is higher than it was in 2006. This is created by the Fed. A lot

of this inflation has been created by the Fed. A lot of this inflation has been created by too much stimulus money. So the Fed's getting behind the inflation curve. So they need to tighten, they need to high grades. And by the way, the U.S. economy just went from 6.7% in the second quarter to what we learned this morning, 2%. So the Fed is tightening into a slowing economy. This is the worst possible situation that you could possibly have. And if Joe Biden thinks that he can replace Jay Powell with effectively a socialist and have the stock market not throw up, he's wrong. And that's why the White House is going to announce by Labor Day who's going to be

whether Jay Powell is going to be re-nominated or not. Trump had nominated Powell by November the 2nd, the clock is ticking, Halloween Sunday. He still has an announcement this morning on the wires Biden is thoughtfully looking through this process. He's scared shitless because Jay Powell equates to continuity in the stock market, continuity in policy, Wall Street doesn't like change. Lail Brainerd wants to get together with Omarosa and have a party and implement socialism in America.

That would be, so my guess, I'm writing about this next week. Yeah. Somebody else. Not him, he ain't gonna be there. Or her. Okay, God. So, who is that her? Is that a lady that starts with a letter E or you're thinking it's not her? No, Lail Brainerd. Okay, God. So, so, who is that her? Is that a lady that starts with a letter

E or you're thinking snuck in? No, Lail Brainerd. Okay, I got you. Okay. So, so, so, which is a social, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, it is because of Powell? A lot of it's because of the liquidity, Patrick, it's the liquidity. Does he control that? Is that on Powell? He has been advocating to not put the brakes on. He's the one who's pushed the situation out as far as it's been, but now he's behind the curve. How do you think he's going to be next Wednesday at the podium when he's at 2.30 Eastern and he's supposed to be next Wednesday at the podium when he's at 230 Eastern and he's supposed to be answering questions?

And the first question out of the gate is, are you getting re-nominated? While he has just started tightening policy and reducing the amount of liquidity that goes into the market, I mean, that's going to be one awkward press conference. And the Biden administration still has not made a decision because they're a deer in the headlights. They're so afraid of this. This is the biggest decision of Biden's entire career as president. Is this decision? What do you think he's going to go with her?

He can't. She's not confirmable. Why is that? Because she's a known socialist. This is not a reconciliation. She's not confirmable. She's not confirmable in the Senate. Okay, then who? You can't do a 50-50, you've got to get 60 votes.

So who could be the person? Who knows? Okay, so really, is this something that people really don't know? Is this like, this is your world. You're really saying people don't know, like you know how they say, okay, Ben Simmons is gonna get traded, he's gonna go for, they're gonna pick up Kyrie Rune,

they're gonna pick up, is there any nom and any people that they're saying that could be? Can we pull up predicted PRE D I C T I T dot O R G next Fed chair this is Vegas we should only root for the fact that he does appoint her because then we want socialism no she's not gonna be she's not gonna be confirmed so then we a lot more people have her eyes opened as far as what the agenda is.

But people are dropping like flies. You've lost two Fed presidents the head of banking supervision and regulation quit early, basically in protest. So, Clareta, that's another vice chair. His term ends in January. At some point, there's not going to be anybody inside the Fed. I mean, you can't. So where are we here?

Next Fed Chair. 73 cents, Jerome Powell's down, a penny on the day. Lil Brainer, it's up a penny. But there's nobody underneath that. So if we can zoom in on that and look at the other people underneath it, they're like six cents. No, no, no, you have to pull it up all by itself. Next Fed. Click on it. Click on Next six cents. No, no, you have to pull it up all by itself. Next, click on it.

Click on it. Click on next Fed chair. There you go. That's vice chair and she doesn't want that. Go back. Go back. The middle one. She wants the big one.

Right there. Yeah. Right there. See, 10 cents, two cents, one cents. A file. That's why I'm saying, are these other ones electable though or no? I don't know.

Some of them aren't qualified to be chair of the Fed. is it a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime that's not a crime But the betting odds are completely lost. But this is the first thing I wake up every single morning and look at, because the stock market wants the continuity of J-Powell, and the fact that they know he's a Republican, he's going to hold the line on socialism, he's going to hold the line on negative interest rates. Lail Brainerd has advocated for under the right circumstances, doing those things. Did you throw Umorosa in there as control of the currency?

I mean, Omarosa right now is probably the highest trending name on my Twitter feed. That's the fear factor. She went to school in Moscow. I mean, she's, yeah, I mean, she makes no apologies for it either. No, no, no, no, no. And she is advocated for the central bank digital currency, which Lail Brainer would help her implement, which would send this country down the path of socialism. But that's why she can't get confirmed. That's why Lail Brainer, even though she's the second front-run, that's why she's at 21 cents. Yeah, because

everybody that voted for her would be exposed. Hopefully they could, you know, leverage that and get some of those people out there. I would you want to be those 10 Republican. There are Democratic senators who have said hell no i'm not voting to confirm her so they could net she's not confirmable good thank god we haven't collectively lost our mind 100 percent yet it's getting there i don't think i'm a racist confirmable you don't think i'm a rosa's confirm confirmable if they won't, Leo Brainer looks like, looks looks like a right-wing

knuck ball compared to Omarosa. Wow. Some great options. Yeah. This is this is obviously we'll see what's going to happen here, but we'll watch this follow the story very closely. So I'm going to go to the mansion because this is all in the same conversation here and then we'll go to some sports maybe next. Page 6 if you want to go there. Controversial, Democratic IRS bank reporting proposal is likely dead. Mansion says. This is a Washington examiner story.

Mansion said on Tuesday that he spoke to President Biden about the proposal which envisioned banks reporting all accounts and flows and outflows of over $10,000 to the IRS to crack down on tax brought after the meeting he noted it will probably not be in the plan mentioned said he told Biden The idea was screwed up and that the president Concert oh wow, okay the first iteration of the proposal cast and At an even broader net and would have targeted all inflows and outflows over $600 However, that was met with fierce opposition from the banking industry and Republicans on Capitol Hill. Republicans believe the bank reporting requirements

violate privacy and would be logistically challenged. So there you go. So that's a dead deal. Nothing's going to happen there. We've already talked about that. But the $10,000 figure is still running around out there. Who is that going to annoy the most? Whose life is going to get tougher because of that

annex americans bank should that's what i'm saying is that more banks are said more americans i mean how many people were to ten ten thousand dollars every day all the time i think it's more for the banks because they have to then get it approved imagine the extra work on the reporting is more than it's not the individual so the bank is the one that's going to be against that i'd say they're probably heavily against the said the wall street and uh... the banking industry will vary against it as well

right for the other of course there's more workload on their now mention says the complete up here overhead this next story the roider story slightly different mention says everyone in the u.s. who has been blessed and prospered should pay patriotic tax democratic senator joe mention said on Wednesday that people in the united state to have been blessed and prospered should pay patriotic tax of 15% if they end up with a zero tax.

Which is what you talk about, which is kind of what you're saying. Manchin said he supported everyone paying their fair share and did not like to target different people. Under this measure billionaire, so escape paying taxes by earning small salaries and borrowing off their assets, would find themselves paying taxes

to the federal government at a fixed rate. You're okay with that. I'd like this too, honestly. It's a form at a fixed rate. You're okay with that. I'd like this too. Honestly, I mean, I think it's a form of a flat tax. It's a good way, because especially if with the current tax codes, kind of how they'll find a loophole either way anyways, and this would then kind of limit that. And I mean, at 15%, it's, I think it's fair.

This is on what though? This is on gains, he's saying, right? Is this on any? No, no, no, no, no. Right now, what's being talked about with this 1.7 trillion, which is on gains, he's saying, right? Is this on any day? No, no, no, no, no. Right now, what's being talked about with this 1.7 trillion, which is the new price tag, do you, the price tag changes every day,

is people who make 10 million or more. This 15% he's talking about is 10 million more. Well, right now they're talking about a 3% surcharge. I saw that one, but that's different than this 15%. That's different than this. Yeah. So this is cleaner. What mansion is proposing is cleaner.

So walk me through what this looks like. It's pretty simple. You pay taxes on April 15th. On what though? On your income. On the income. So if the person makes... No, this is something that's what mansion is saying.

It's different than income because the thing that rich people or technically a lot of these billionaires do is they have a lot of debt barred up against their holdings and what they do. Should you do the write-offs? Yes, that way because because debt if you're if your stock is appreciating by six percent and your debt is a three percent. I don't think that's a good idea then. Why not? Because accounting

purposes. So now you have to track the debt people are taking against their income. How do you do that? Just close the loopholes. Yeah, it's not it's not but you're taking away the deductions. But a part of that isn't a part of this link to capital gains. So if I'm making, so again, for me it would be, how do you measure to tax 15% on what the, what if the company had a bad year? What if the income was, I mean, because if you make an income,

you're gonna pay the taxes on ordinary income. So the way they're wording this, the patriotic tax, I kind of want to know a little bit more on what he means by that. Because I don't think it's just on your income. I get an income, we already have ordinary income tax. But you would never be able to, you would have to close the loopholes. And then what would the CPAs do? You would have to fire all lobbyists.

Who's the most against getting rid of lobbyists, by the way? The left or the right? Who doesn't want lobbyists? The right. Well, probably, I don't know. I don't know. They're both semi-phobic. No, they're both, I mean, God. most against getting rid of lobbyists by the way the left or the right who doesn't want lobbyists the right well probably I don't think they're both I don't know they're both I mean God they both spend like drunks drunk sailors Yeah, some of the numbers you see like on on Pharmaceutical companies on what they do a lobby There are some association of realtors. Yeah, I mean how about the fact that the associate the word or attach the word patriotic

With wanting to pay more taxes? Right? Does that correlate? Does that go over? It does. You should want to pay your fair share. If you're in a country and you have freedom and you're able to be prosperous,

then it shouldn't bother you to pay your fair share. By force or by choice? No, just by simple laws. Just by simplifying the tax code. Then then then you got to simplify it all across the board though. No? Okay. Yeah. So let's just simplify it across the board. Well, we're paying taxes, right? To do some, what are our taxes supposed to pay for? Why can't why can't our taxes go towards simplifying the tax code? I don't I don't mind that. But I like what Elon Musk said the the challenge for me is Who is managing the money on paying taxes for like is that money gonna go to people in the government that are gonna Managed I money because I have no clue what the hell they're doing and or is that money going to go to the go to the private sector

At least they know what to do with that money Obama admitted it He said that you know his shovel ready Infrastructure plan did a whole bunch of nothing for the economy and We're talking about another infrastructure plan that's going to be doled out by bureaucrats to unionized workers. I'm saying. It accomplishes nothing.

So you're right. Elon Musk makes a point. Elon Musk makes a point. So what's the one guy's name, Reich? Rich Reich? I don't know if it's Rich. Richard, what's his name, Tyler? Robert Reich.

Robert Reich. So he always posts stuff on Twitter right and then he says You know people forget that how much of public money Ilangat to help him out with Tesla or all these other things right great the grants that they got the billions of dollars grants Well, but the money is going to private sector. Yeah, and people on the private sector know what to do with that money better than people on the public sector. But I remember, even Elon went back at him and said, well, we paid off all interest years

before, plus interest. So he paid off early with all the interest they would have paid if they extended the whole time. And he's like, well, look at GE. They still have billions they have. Same as GM. But AIG paid it back. 183 plus interest, 21 billion.

So, I mean, maybe they've taken it out of the textbooks already. So children, if you're listening, the new deal, the real part of the new deal that FDR implemented was done with public money through the private sector. That's why we've got the Hoover Dam. That's why so much was accomplished because it was public money, but then it was deployed to the private sector. So you're not way smart to do sector. So you're not wasting money. Smart to do that. You're not wasting the money. It's combining the money.

That's smart to do that. Yeah, that's smart to do that. Because they're going to allocate the money and not over. Use it more efficiently. All those things. Competitively, private, accountable public is not. Exactly.

Yeah, especially when you talk about a huge infrastructure bill, are we going to see new airports? Are the freeways going to be fixed? Exactly. Yeah. If they said, well a huge infrastructure bill. Like, are we gonna see new airports? Are the freeways gonna be fixed? Exactly. If they said, well, $32 million, $32 billion is gonna go to this airport. It's gonna be done by this state. This is gonna go for an intercoastal highway. We're gonna improve the 95.

We're gonna allocate this much from this stretch to this stretch. If you're giving specifics and when, it's like, okay, maybe that could be worth it. But if it's like, most Americans probably think that toll roads are really worth it Because they're in better shape and you can get through faster right as opposed to Dispress land all that like you know nobody questions paying 40 express lane How much you wait like look you just say five minutes is five minutes worth ten bucks five bucks? Yeah, go do it. You don't want it. Don't do it. It's a choice. I like that

So but it's also because the other infrastructure that's available is falling apart. Yeah, look This leads me to the story of what's going on in Florida. The Santa's put tweet is something I can you go on the sand not if I go on my Twitter account and I Retweeted what he said yesterday. You're getting to be much more active on Twitter Patrick I appreciate that. Yeah, well you inspired me. You're my you inspired me to get more active on I think you're growing up Daniel. I listen. We're helping you grow up on YouTube. You're inspired me to get more active on Twitter. I think you're growing up. Daniel, I listen. We're helping you grow up on YouTube. You're helping us grow up on Twitter.

My YouTube thing's going on, it's going on, it's going on. Don't start around Facebook. My favorite part of Daniel is our Instagram account. My favorite part is our Instagram account. I can't even find it. But your Twitter, your crushing it. So let's go to Florida.

So Florida, I'm gonna go to page seven. Yeah, if you wanna click on that right there so that graphic comes up and I'll go to it here in a second I'm going to go to page seven. Yeah, if you want to click on that right there, so that graphic comes up, and I'll go to it here in a second. I'm going to read this article first. Florida leads the nation's economic recovery, and it's not even closed. This is a daily wire story. The United States gained 194,000 jobs in a month of September,

severely missing economics expectation. However, Florida alone, you ready? Added to 194, 84,000 of those jobs, what's from Florida? Let me say this one more time, add to 194,000 jobs. Florida gained 84,000 jobs during that same period, leading the nation in terms of largest percentage increase. Florida economy accelerated in September, 2021, grown at three times the rate over the month compared

to the nation, and in addition, Florida has experienced 11 consecutive months of labor force increases, adding 50,000 workers over the month compared to the nation and in addition Florida has experienced 11 consecutive months of labor force increases adding 50,000 workers over the month. Florida's labor force work represents 5.4% increase over the year, which is significantly higher than the national rate average of 0.8. So this is what was posted. Yes, did I retweet this. 84,500 jobs were created in Florida, September, long Florida versus the nation. So when you have an argument like this, okay, when you have an argument like this, last night I was at dinner, was in an event,

in Bay, colony with the former first lady of Florida, governor's wife, Carol, is who was there, we spent some time talking about what's going on. People are, people are both concerned and excited at the same time. And here's what the feeling was.

I kind of brought this up, or I don't know if I brought it up, yeah, I brought it up to Robert and I was talking about this. People are concerned because they don't want to lose him to the nation. They want him to stay as the governor. But at the same time, people are excited to say, we got somebody that could actually win it

because his resume right now is looking so good on what they're doing with Florida That all the hate that they got all the hate and he was being patient about now He's saying hey police officers if you're being forced to do something you don't want to do 5,000 all-or-bona Sports ports if you're struggling with the ports listen bring them over here We're open all of these things and no matter how many times the left is trying to get this guy canceled They haven't been successful yet. So, question haven't asked you yet, and then you can give your feedback on Florida as well.

Do you think running for president is about timing with all the stuff that he's got going on today, it's important for him to consider running now, or should he wait eight years and then run, because he's only 43 right now, what do you say? What do you think? No, I don't think the country has time

for more octogenarians, more eight-year-olds. I think we're done. I actually went, when I was here last month, I said the same thing. We need a young, dynamic, conservative JFK. We need somebody with fresh ideas who says, if this is what can occur in one state, imagine what can occur in 50.

We need a visionary, we need somebody who's not afraid of the Washington establishment to use that word. We need somebody who understands that America is all about creating economic opportunity and jobs. Yeah, you know, he has- In the private sector. He has to run. He has to, he has- In the private sector. Yeah, he has to run.

He has to, he's never gonna be hotter. The only way the media portrays Ron DeSantis is as a quack, right? In relating, they won't give him any credit. You won't see any of these stories. By the way, on top of that great economic news, it's lowest in COVID now too. So his plan worked.

His plan was better than New York's plan, than California's plan, than Illinois's plan. He has the facts. He has a case study. He's got it all right here. Here's the thing I'd be worried about if I were him because this is how vicious and evil the media is and what they're thinking right now. Make sure your personal life's totally tightened, buttoned up because that would be the only

thing they could go after and they would go after it's so hard because they're threatened by him. I think with COVID in the sense of obviously we're beginning to achieve herd immunity in some ways, you know, I think that during this whole episode, he was so villainized that if the skeleton was in the closet, I think they would have found it by now. Yeah. They sure as hell were looking. Look, you know, Pat, you mentioned that. Three people yesterday told me the same thing in Florida.

We hope he doesn't run for president. It's like you know, you've got such a great thing. What has he got another year left? Yeah, and then he can have another four here. Look, I mean, what he can do with this state if the rest of the country keeps going the direction that they are, I don't know if you could support all the people that would be moving here.

Well, at some point, we're gonna be the United States of Texas and Florida. There are 800,000 job openings in the state of Texas today. 800,000 job openings in Texas. In the state of Texas. Wow. 90% of my restaurant's back. But this is a mass migration. No, Jakey Morgan Chase has more employees in the state of Texas than they do in New York.

Crazy question for you. Do you think it's good? We've had this conversation, but this was about a year ago. I don't know if we had the conversation with you. Maybe we did. Do you think it's a good idea for one of these states to kind of separate and be its own? And I'm not talking about civil war type of stuff.

I'm not talking about, you know, to get to that point, but do you think it's a good idea for one of these states to say, listen, you know, we would, you know, we, like, do you think that campaign would go far with Floridians or Texans? Do you mean, Seseed? Yeah, to say, hey, we just kind of want to separate from the United States.

We're going to go. I think the only state that could is Texas is the only one. Texas is the only one. Yeah. In the Constitution. Yeah, it is an ongoing discussion. The Port of Houston has done a fabulous job

since the Panama Canal got widened of taking business away from the West Coast ports. We are the, Texas is the largest exporting state in the nation. In other words, we're our own economy. We're our own ecosystem. And because we're the largest exporting state, all the railheads heading into Mexico

back and forth, NAFTA production, we Texas, it's conceivable, and it's not even a seat, it's an open secret. You're meaning like a Brexit becomes a Texas. Is that a, is that a, If things get, something tells me, something tells me that depending on how kind of the fallout

of Brexit happens, because now it's still kind of in the progress and they're trying to figure things out. And it's not going so well. No. That would be my only concern, because they'll see it and then they'll be like, okay, if it's this cluster for them, why are we going to try? And you also need somebody who's in power long enough to really push it through and make it happen, because if a governor comes out and then a new one comes in and then everything

gets reversed, then you're back to square one. But is it even really realistically possible? Isn't the Constitution set up to prevent a state from actually doing this? Texas has a like a clause or something like that where they only joined if they had the option to back out at their choosing. The republic of Texas. But I will say this much about Texas. I mean, it's got some of the worst education in the country.

So I mean, certain things need to get fixed. Step it up. Let's go. Join 421,069 Texans who believe it's time to text it. Interesting. Oh my gosh. It's nationalism. I didn't realize it actually.

Wow. Text it now. Okay. Well, when you look at what's happened in cities like Austin, where people are just becoming so turned off, I mean, what a PR disaster. What, before the city of Austin? Yeah. I mean, they didn't put in...

Musk moved to Austin. A lot of people, Rogan moved to Austin. I get it. What do you see? I mean, I've been to Austin. It's the homelessness. That's what I'm talking about. That's what I'm talking about.

We have our own little miniature Los Angeles in the middle of a state. And it's bizarre because once you get all the way to the Capitol building itself, then it's its own little... It's crazy, by the way. I don't know if you've been to it lately. It's not a... Like, you know, we want to allow you to be recording. Austin is just as bad as LA.

Wow. Well, because the most liberal city in outside of California, when the vote came up years and years ago to put public transportation in an array, a rail system to alleviate the fact that so many people were moving in and there wasn't, there weren't enough highways and byways, they voted against public transportation. Well, listen, if Texas doesn't work out for you, there's a city called New... new york city and the mayor the blasio pushing forward with legalize her own the law of god sites for new york city

this is not a babble on the story this is not a honey and this is a real story the blasio pushing forward would legalize her own injection sites for new york city this is a post millennial story what what what what is the blasio's last day in office he's got a couple months left and i look at you pull up the stories of people can see it as cities across the u.s. reject legalized heroine injection sites in needle exchanges may the blasios planning to resurrect a long delayed plan to open supervise heroine injection sites in new york city even as the big

apple uh... grow a grandpa's with a massive surgeon overdose that's an open air drug use on city streets in the middle of the day the blast you as called shooting galleries and idea whose time has come and said he was moving forward with the controversial proposal because he had the kind of potential cooperation he needed from president by the governor kathy hokal which by the way by the in kathy probably don't want that endorsement if they're getting in its

real it's not a good look for them either earlier this month, Hocal signed a law decriminalizing the possession or sale of hypodermic needles and syringes. The new law led to New York NYPD insuring a directive allowing the addicts to shoot up in public. What the, this, this, what the hell is this? This is so incom did this this what the hell is this so incomprehensible what the hell is

this all about like who have you lost your mind like so here's what i'm wondering what does this do so so does a mother say what you know what great let's move to new york city it let's take the kids over there especially if you're not to begin with concerned about homelessness safety violence crime Let's take the kids over there. Especially if you're not to begin with concerned about homelessness, safety, violence, crime, and then this is the ICLK.

How would you like to have a business that was in a block or two of that area where you can shoot up? I'm honestly, I don't think these people are dumb, you're not idiots. What is your outcome of doing that? Can we play devil's advocate, everybody? Give me one reason why you would do this. Okay, devil's advocate. If I have to, if would do the okay devil's advocate if i have to get the devil's out of it i have to jump into his brain yeah try to figure out to keep an area where if you're going to be a heroin addict we're going to offer you a safe place to do it and you can come

here and it's not illegal and you're going to do it anyway so we're going to get you away from the suburbs or away from downtown or away from Times Square then you come over here in the Meep Hacking District and shoot up. I don't understand, it's a kite. No, no, we're about to learn about Mr. DeBlasio. I published this of them. One more time, one more time.

Okay, what you're looking at right there. Change in death rate from 2009 to 2009. We have an epidemic. We have an epidemic of youth death in this country, and he wants to do something like that. What is it for? Is that drug overdose or what is that? It's drug overdoses. It's suicide.

It's something laced with fentanyl. Wait, we go back to this. I'm trying to understand what this is. Go back to this. I didn't see the data. Tyler, just swipe. There you go. It's the one on the bottom. It's bottom of page seven We go to the rescue wow this is exactly the moment for Kai

Kai's loving it because he's He's seen as a hero right now. This is what you call the Higelian dialectic. You set somebody up for failure They fail you coming as the hero Show you how it's done He's reading too much of 40 laws of power Can I do you want me to redrop it? Yeah, okay, wait. How did you do that though? Okay, while they're doing that, while they're doing that, let me go back to the story.

You were saying, so the only reason, David, you're somebody that's, how do you process this yourself? Yeah, I agree with Tom. It's somewhere, if we want to play devil's advocate, you can say, yeah, it's somewhere where you can do it away from all the suburbs and just kind of do it in your own safe little corner. Here's a safe haven to do, Harold.

How's that working out in Los Angeles? Or it's someone if you want to ween off of heroin and you can want to microdose it and kind of slowly fade to black, then I, you could just run that. So heroin addicts vote? I mean, I can't even believe they're going out of the way to do this.

But whoever replaces the velocity. Everyone addicts vote, yeah. Right. So we're looking at the change. We're looking at the change in the death rate if there's any way to zoom in on that one chart. So you're looking at the change, we're looking at the change in the death rate if there's any way to zoom in on that one chart. So you're looking at, the bottom of the chart is 1 to 4 years old, 5 to 9 years old, over there you see people are living longer, 80 to 84, 75 to 79.

That means negative means that they're living longer, that their life expectancy can be considered to be longer. And then you get 20 to 24, 25 to 20, 30 to 34. Oh my God. 35 to 39. 28% change in death rate. Yes. Between 2019, 2019.

2009 and 2019. 2021. It's probably going to be worse if you run 2020, 2021. Well, all these people who have been isolated in their homes. And every one of those deaths is tragic, because you're not dying of some prolonged disease. No, you're at the prime of your life.

This is when you're young. And by looking at the other data right there, percentage of 20 to 39 year olds living at home as reported, and 1980 was 15%. And it's just going to continue to go up. 1991 to 74. And then it was a drop off in 2000. Then we went up to 20.3, then

23.7%. 2020 and it's estimated to be going up to 25% 24.9. By 2030 because socialism's good for America, right? Teaching people how to go out, be independent, work on their own, make their own households, get out of their parents' basement and look what direction we're going in. That's too much. So, but I'm still trying to understand. Tell me how, why this makes sense to create clinics or places where people can go take heroin.

What is the logic behind that? Keep me the logic behind it. The only thing I could think of, or not as a sense is if they're doing it anyways, let's supervise it to some extent. Well, let's try to, and that's his rationale. Let's try to gather it all in one area. Like instead of it being scattered around, like, hey, let's just, and let's kind of. Let's try it. It's all in one area like instead of it being scattered around like

Hey, let's just and let's kind of like hide it over and come up six trips to New York and it is I mean You can turn the corner and be like whoa really that's what I was wondering is how different does it feel? Oh, I mean, you know I I have been gravitating towards downtown downtown downtown Like the closer I get to the freedom tower, the more of a police presence I feel, the safer I feel. I mean, I was always a midtown person, but midtown kind of freaks me out.

Wow. Boy, that's... David, we can hear you, David. Yeah. You know, the only thing I would say is back in the late 80s, New York was a mess too. And then one strong... That's what it feels like.

Yeah, one strong mayor can change things, but I don't know if they're capable of bringing anyone in to replace the blasio that could be better and i was just given super chat and i was from new york is that i'm a new york and it's bad i want to give my take they are even letting illegal's vote and they are forcing the vaccine on students and city jobs i mean that's just new york for you right now so he what is this to okay you know how they say don't turn my tax into California. Respective New York City is 8% of US GDP.

New York City. Not. Wow. Sorry, I'm sorry. Sorry, it's I'm sorry. New York state is 8% of you. But still what is it? Ninety nine, 90% is the city.

I mean, it's all about the finance sector, right? Yeah. Insane to think about that. But interestingly enough though, if they're losing a lot of that, how much is that going to go down? That's what I mean. I just said, Jay, he Morgan Chase has more employees in Texas than they do in New York. Yeah, but you, you, I'm telling you, in Texas, you've seen this before, don't California my Texas, right? Health. In Florida, they say, every word, everywhere. Don't bring your politics down here. Yeah, don't New York my Florida. You hear that all the time, right? It's a buffer sticker.

So then the question becomes who are the people that are leaving New York and California? Okay. Or if they're just bringing the same mentality. Minds that, that's the only thing. But no, but again, remember what I said that I'm starting to hear from from transplanted Californians that they're they're upset about about critical race there. So I don't think it's just liberals leaving. I think it might just be rational people

who don't wanna pay huge taxes and support things like, I don't know, heroin sites. It makes zero sense to me. I'll go into a China story after this and we'll see if we're trying to see if we can get somebody from who is the person that runs LA and Long Beach port. I think he's working with all the employees. He's the head of the team, sir employees. Yeah, he's the head of the teamsters. Yeah, he's the head

of the teamsters. So if we can get him, we can get him if not because it's California time as well. So let's let's cover what China just said. I mean, which is a pretty wild announcement here about China's advancement in their military. China carries out first successful test of underwater explosives that could destroy US ports after launching satellite crushing weapon and hypersonic missile. Daily mail story. China's carry out its first demolition of port using underwater explosive attack. That state's state media said could be used against the US in an event of war basings. Military carry out test on Saturday using underwater charges

to destroy dummy, or wharf at an undisclosed location somewhere in China. The technology is designed to cut off enemy supply lines in the event of a conflict and sneak attacks under using underwater charges will make large vessels like US aircraft carriers vulnerable. It is just the latest in a string of Chinese military tests, including the launch of a satellite last week that the US warrants could attack other spacecraft and two tests of an orbital weapon that analysts think is a hypersonic nuke This sounds like a movie, but this is not a movie. This is a real story

China has the ability to kill us all 10 times, right? I mean, they're gonna get as like 16 different ways. I hope we have smart people in our military too. I hope maybe we just don't have to broadcast and publicize everything that we're capable of doing. I still think that the amount of money that we spend on defense and how advanced we are, and I don't know, I mean, these stories are kind of scary and it does show that China is so intent on presenting

to the world that there are military power. And maybe this is more of a soft warning towards Taiwan and some of the other area, Japan and Dow. They said US specifically. Yeah. They're preparing a long term. Here's the one thing you gotta give credit to them for. They have a common enemy.

Sure. It's US. Okay. It's everybody that is against them is their common enemy. In US, we don't have a common enemy. The enemy in US, the enemy of the that is against them is their common enemy in u.s. we don't have a common enemy the enemy in u.s. the enemy of the republican is a them the enemy of the them is a republican this is like the most un united state nation in the world today when it comes onto the republicans and that's what makes us vulnerable that's exactly it so if we were united on who the enemy is

it be a different story but because you are not united on who the enemy is a kind of country like china keeps advancing. Well, China's already playing a damn good game of economic warfare. If you think about this supply chain destruction, 24% of the components in your average US vehicle are being made in China. 25%.

24. Right, and a lot of them are stuck on barges right now. I'm just sitting out there. Sitting out here. Yeah. And then you've got this potential strike coming up in, I mean, pay back as a bitch. Excuse my French, but Joe Biden's 90-day sprint.

We're going to keep those long beach and Los Angeles workers. They're going to work three shifts a day, 24-7. Get us through the holidays. Make sure they unload all these containers. Oh, and by the way, their contract comes up for renegotiations and expires on June 30th every single year since 1990. When they've renegotiated their contract,

they've shut the port down. Well, they got the ultimate leverage by doing that. And do you know what they want this time instead of just more money and benefits? And by the way, the highest paid unionized workers in the country. We're talking about here. Highest paid. The teamsters. No, no, no, this is a longshore. OK.

Yeah. So by the way, you can get them I think on Tuesday. OK. So this will still be a story. I think he's running behind. It's going to be a story. It's going to be a bigger and bigger story because what the workers want to do

and this is going to bristle you, the workers don't just want higher pay and benefits. They want to stop the port operators from automating. Well, yeah, because that takes away jobs, right? Exactly, but they want that written into their contract that they cannot. That's not the fact you can win. And like, they can't unload the containers as it is.

They need to automate as quickly as possible. We need to, you know, get the supply chain disruption undisrupted and the union wants to take automation and put it in writing that they cannot automate. Yeah, this is becoming a bigger story than it was just a few months back. So Los Angeles Long Beach ports to find shipping companies over backlog. This is a Hill story. Officials for the ports of Los Angeles Long Beach on Monday said that they will begin finding shipping companies whose cargo containers, staying marine terminals for too long as

they work to reduce congestion in their ports. Port of Long Beach executive director said with the escalating backlog of ships off the coast, we must take immediate action to prompt a rapid removal of containers from our marine terminals, adding that the ports are running out of space. The fees collected from idling containers will be invested into programs, meant to enhance efficiency. Our ocean carriers will be charged $100 per container with the fines increasing in $100 increments per day per container, increasing per day per container.

I'm back in that container, I'm back in the whole thing up, but I'm going to Houston or I'm going to Miami if they start to do things like this. The only thing with this though from what I was reading is it's not like when they're on there, it's more when they get off because, okay, you unload the ship, but if it's just staying at the, at the, at the, there's no truckers.

Yeah, at the port, then you're screwed. 100 trucking companies went out of business. 100 trucking companies went out of business. A hundred trucking companies went out of business. And even when you unload the containers, who's gonna pick them up? I mean, railroads have come out and said, in the last few days, the railroads have come out and said, our volumes are down because we don't have truckers

to pick up the containers from the railheads and take them around the country. 80,000 truckers shortage. The average trucker is 55 years old, making 18 bucks an hour, only 7% are women, 93% are men. Drug and alcohol issue that they've had, meaning they had an experience with it

and they got, you know, maybe a misdemeanor or something. 91,000 at least have one violation. 72,000 currently suspended. 54,000 have not started reinstatement process. We are down 80,000 trucker shortage, and this is taking place. This is a scary thought when you're thinking about what's going on right now.

So this is when the Sanctus is sitting there saying, hey, come on down here, we'll be able to work for you. Come on down here, we'll be able to get this thing going for you. You don't have to sit there and worry about that part. Here, give this to Tyler. I think we can do the call if we want to. Okay, let's make the call. Let's make the call.

Okay. If, uh, do you need the connection there? So this is who can you tell us who this is? Yes. So this is a good friend of mine. His name is Ramon, Ponce de Leon. And, and I was incorrect. He's not the head of the teamsters union. It's, it's the crane operators union. And I'll let him clarify that. But great guy lives in Southern California has been in this union for a very long time. He's the president. He has everybody underneath. I mean, knows everything that's going on. He can answer all these questions and tell us a firsthand account of what's going on with the crazy.

What the paybacks going to be for the 24, 790 day Biden sprint. Yeah. And he I talked to him for a while yesterday. I mean, they're already working their butts off. I mean, there's really maybe two or three hours that the ports aren't active right now. It's from 3 a.m. to 6 a.m. other than that, they are, you they are unloading these things constantly. And I also asked them about, you know, how now Long Beach, the mayor of Long Beach said, you can now stack crates six high as opposed to one or two.

So that was gonna alleviate some of the space of these things going out into the warehouses all over. Once the ships were unloaded, and he didn't think that was a great idea. So here's the thing I have. Well, want that complicate things for the crane operators? This is what I think about with this, is,

okay, you're gonna find them a hundred dollars per container and incrementally increase it a hundred dollars per day. Doesn't that even piss off people to not wanna come back and do business with you? That's what I'm talking about. That's what I'm talking about, yeah. The next time the ship sails, it's headed for the Panama Canal. It's headed for Houston. It's headed for Miami.

That's what I'm trying to say. That this is going to leave a really bad taste. And even though it's the way things are done. You go Shanghai to Long Beach, you go Shanghai to Los Angeles. Even though that's the way it's always been done. If you start to find people to kingdom come, they're going divert, they're gonna divert the traffic. I'm on the line here. Is it up? You're gonna have to turn the hot cast off, right? Hey, hey, Ramon.

Hey, is this Tom? Yes, thanks so much, Ramon. And I know this is a scramble. And I apologize for, you're gonna have a lot of things. You get show, but listen, things you got wrong. Well, that's why we have you on the phone, I think. Hey, Ramon, say hi to Patrick.

But David Kai is here as well as Daniel. Good morning. Hello, Patrick. Ramon, how are you? Raise the audio a little bit, Kai. Yes, Ramon. So educate us on, if you don't mind, the audience doesn't know your background.

If you can take a quick second and tell us your background what you do there, and then what's really going on in LA. By the way, we may want to take that off because there's a lot of static noise right now. Just give me the phone. How about if I find something to pull over? So I'm about to release. Sure, you're driving Ramon?

Oh. Who's phone is this, buddy? Do we lose him? I think he's listening to the podcast to so we'll call yeah i think we lost some so he's the president well he runs the union he has seven thousand he runs the crane operators and i don't want to you know say this incorrectly will let him clarify but he is the president of the

union he the cranes the trucks everybody that's come and yes seven thousand employees so there isn't a more qualified person to tell us what's going on really uh... agreed and this is correct again to me at least this is critical because that the the long short union contracts coming up on june thirty-a-th and i just i i think they're out for a big huge pound of flesh okay so remote if you're listening on the podcast we're coming right back to you

here in a second david did you get it or no? Just a phone call, guys. I, you put it on phone call, I put them on speaker. You know how you go to calls, and then just enter that, the numbers that we have. It's 10 digits. Hey, you go, David. I know he had it enough.

Hello. Can you hear us now? Can you hear us? Can you hear us? Yes, I can hear you. Fantastic. Okay, excellent. We're glad you did that. So tell the audience a little bit about your background and what the current conditions are at the port. Okay, my background is third generation longshoremen, we are called longshoremen because back in the day, they used to ask for labor, they would say, along the shore. So we became longshoremen, with the ILWU.

And I represent local 13, which is mostly the labor of the ports of LA and Long Beach collectively probably about 8,000 members, close to 8,000, with the CASA workforce that would include another 4,000. So about 12,000 members. Yeah. That's who works under the contract document that I enforce as the president of the

local 13. So what is life like right now? Ramon, what is life like right now for folks who are working there? What is the day-to-day looking like? How there's a different story between what the media is saying? You're in it. Tell us is it worse? Is it same? Is it better, what is it like? Well, first of all, since COVID, we have not stopped. No one even looked at us. We kept working. We had 20 active members died as a result of COVID. Some would report the work we sent in three days later, they passed it. That quick, a lot of phone't cause a lot of families was really discouraging. But since then, we've never stopped as a matter of fact, we've broken

records, volume records. Throughout the year, we're continuing to break records. Our people are working double shifts for the most part because of the volume. We are, we have a process of registration, a list that's already been attained by the parties back in the early 2015 and we're still going through that

list to continue to hire through our list. We'll probably have a new list when the next contract comes around. Now, I just want to say something. The automated terminals are just the predicated on density which you have premium land on the porch and the congestion has exposed that if you continue to automate what's going to happen? If you're going to use more trucks, if you've been to Southern California, there's no more room for trucks. If you've been advocating rail,

now we can load a rail with our top pick drivers. It's like a big fork lift that picks the container up on the top side. We can move between 50 and 60 containers an hour and have a train of 300 moves with two gangs, we call them gangs, new units. And in five hours, we have a train of 300 moves with two gangs, we call them gangs, new units. And in five hours, we have a train of 300 containers on the road.

So we need to be closer for rail infrastructure and through the ports. We are not a storage facility. We should be a throughput facility. Automation is a storage. If you can stack, if you go to the port and you go see it. So I'm just trying to bring everybody to life here. Sure.

If you have our stacks are probably four high. Okay. Now the stacks are being four high because our yard cranes are four high. They have to be able to go over it. So if you have to, if there's six rows, you have to get the can on the bottom. You have to take the cans away. Those are on top. Get the bottom can and then load it have to take the cans away, that's on top, get the bottom can, and then load it,

and it's on the cans back. Because of the congestion, it continues to remain full, because when the vessel comes in, we just put more right back on top. And if you automate, even if it's an automated cream, with no person in it, if it goes eight or nine, then you imagine digging out eight or nine. So, and then- What is the risk by the way, if it goes eight or nine, I can imagine digging out eight or nine. So what is the risk by the way? If it goes eight or nine high, what is the risk for safety if it goes eight or nine high? Well, there, well, in automated terminal, there's nobody there. Okay. So all

you did was you just further congested the ports. Bearing automation the first, okay? We We have already proven. We have already moved the volumes higher than anybody in this nation ever has in the history of this nation. And it's obvious that we haven't had containers. You know, back in the 30s, but we are moving cargo faster than anyone has ever had in any point. And by the way, Harper, maintenance tax is a tax worth. but we are moving cargo faster than anyone has ever had in any port. And by the way, Carver maintenance tax is a tax worth the bulk and the east coast take more percentage to build their ports than our ports that have that our southern California boards with the 40% throughput to this nation. Now let me back one more step. There are 10 major carriers in the world. Then all waterborne goods of those 10 carriers we have three alliances. It's a monobl. They control the price of the container. They control it and Guess what what recently in the last decade they have they have now taken control of their own terminal operator

The terminal operatives who employ us used to be the mom and pop down here in the US people that were born and raised here in the U.S. people that were born and raised here. They are still those employees, but the control is the carrier. They're all foreign owned, there's none here. Now, and they are recording $3.5 billion a quarter. CMA CGM, the number three in that chain. The number three carrier has recorded 3.5 last quarter and 2.1 the quarter before.

Merced is the number one. They recorded in two different quarters back in the pandemic during the summer of 2020 and the first quarter of 2021 you combine those two 4.3 and a 2.7 that seven billion dollars of revenue that and if you do the math on that the average is 3.5. Continue with the 3.5 and none of that money goes back into our infrastructure. None of it goes back into our economy. So we've lost our features. We lost our manufacturing. All right, look at the Detroit. And now here's the third plot.

They are not calling the port of Oakland. There's no backlog there. And you know what, Oakland is primarily used for export of agriculture. What happens if our farmers lose the farm? Are we going to be asking other countries for food? And what's that price going to be? And who controls the price?

We are Americans working for America So so let me ask you this here So the questions about some of these other states that are sitting there saying hey if you have like the DeSantis says if you have In problem over there bring them over here to us. We can work. We have workers here What is how much of the challenges that we're reading about is the shortage of truckers how much of the challenges we're hearing about is the shortage of workers how much of the challenge we're hearing about is politics what what is the how much of the challenge is it the fact that the ships are not getting

someone higher to get it off what's the real challenge that's taken place there not getting someone higher to get it off. What's the real challenge that's taken place there? The real challenge is a lack of land space and no one wants to purchase it. We need to get the containers as quick as possible. My suggestion is, some of it is empty is going back. Some of these carriers don't want to do it. I suggested to one of the port authorities that there should be a mandate of 50% of empty containers

that must be loaded back on the vessel to get it out of here, back to wherever we buy our goods. Okay, now that'll clear some of the dark. The other thing is the third ship. Now by the way, we have flexible ships. We can work three different start times on the day ship, which is the first ship. Three different start times on the second shift, which amounts to about 20 hours of work than we do. We have these staggered shifts.

So that's only about a four or five hour downtime. Now that four or five hour downtime and the third shift should be used for consolidating on the dock. They should be used for delivery and they should be use for rail movement. Okay, so DNSF has and UPS to get on board also. So the stakeholder chain outside the ports has to make a move. It's not the ports.

You guys are looking at the sink full of water when the clock is in the pipe. The clock is in the pipe. It's not the workers. It's not it's not anything. It's not any labor shortage with us. We work day and night and uh the deal is they get there's somebody with this $100 tax I suppose some of the carriers and some of the uh everybody else in the state called a chain. I don't know I'm not an economist. I'm a long-term. My fourth gen, third generation, four-year veteran here. And all I know how to do is move cargo.

And we move it. How do we get more truckers? It's automated system. You can take your automated system. What's the best way to increase the number of truckers in the country? Some of the railroads have also said that they're sitting on containers

because there aren't enough truckers to pick them up from the railheads. So how do we get more truckers in America? Well That question I can't answer. I mean, I'm just like I said a long stronger, but what I can I can say is this that Here's what's happened to our economy since we've done overseas trade every years what's happened to our economy since we've done overseas trade every consumer you're everybody buys Amazon. I mean I was a crane operator when I made president and obviously I've got a democratic system. I was putting on light. Here's the deal. The container is the warehouse. If you go look at Costco, you go look at those shelves, you see a palette that's high up there and it's got shrink wrap. That wasn't done at any warehouse in America. That was done by wherever, wherever boxed it,

and by say like China. So the container has become the warehouse. So with, with, with 2019 came around, there was a 25% steel tax to China. Well, for some odd reason, we all said got the COVID and March of 2020 go figure and we're capable. Okay, so there was no in game. When you attack time is economy, they attack you their way. Why? I won't take the sparsely, but you know, you know, a biopilot, if you want to call me that, whatever. So I have a lot more thoughts of different than some of my junior brothers and sisters. Well, China does produce 89% of the world's containers.

89% is what China produces. And how about the percentage of chassis that they produce? Absolutely. America, we sold out to everybody. We're buying from everybody. It's not, we have to wake up. We don't have our beaches anymore. Our economy is outside us.

We buy. We ship back in peace and we buy goods. I see it every day. Ramon, two questions for port. Does that thought at all concern you that someone's not going to want to go to LA or is this going to be a long beach or a long beach or a long beach or a long beach? I'm gonna go to Mexico's port. Does that thought I'd all concern you that someone's not gonna want to go to LA or is this not an LA and Long Beach issue? It's not an LA Long Beach issue. The supply chain outside of us is grabbed. There's cheeks everywhere. Even if they go to the port, I'm gonna

truck it out of there. I was going to rail it out of there. Okay, the supply chain outside the port, I don't care what port it is, is going to be hit no matter what you take to get the goods. So you're not at all worried that it could go elsewhere. You're not at all worried that they're going to go elsewhere because other places are not putting that fine of $100 and another $100 incremental day by day if the containers stay there. Well, of course, I'm always concerned that work

leaves us. Of course, that's a concern, but you know what, that's out of my control and I'm not gonna, I don't worry. You know, I say my prayers every day, those good lurches been taken care of us. They were moving cargo in Southern California. You know, when this balances out,

the majority will be in Southern California because we're gonna move it. We're gonna move it fast. We're going to push for rail because rail, safety economy, safety environment, it moves faster because you don't have a congested freeway. I can't even get on. I have to leave so early to get to work. I live in the Marauda and I have to drive on the 91 and I'm number one, anything else is trucks. There's no more room to put trucks anywhere. So when we, and the ports are projecting to get work,

we're going to get to what they call TU, the 20th unit. We're going to get to work the 20 million mark, as opposed by this year. We did 10 million in a 12 month period period in the port of LA And that was from May to May May 2020 to about May 2021. It was a big celebration But we're gonna continue to move the cargo faster and more efficient than anybody And last last banalese from from Last banalese from what you know what's it what's what are in these containers you know you're hearing perishable goods you're hearing how businesses are telling the you know America you listen Christmas toys are not going to be delivered on time

how where are you of what are in these containers Like I said before, we purchased everything outside the US corporations and big business have done their manufacturing outside the US. We don't, where are the manufacturing plants in here? Where are the toy plants? Are they in the US? Where are, where are our automobiles made? He twice gone. This is just, this is just the life we live now in America. We don't manufacture it in America. Hey, Ramon, you're right.

I'm sorry. Outside of stuff. Ramon, you and I were talking about this a little bit last night too. And the phone was kind of breaking up when you first started talking about it. But you were talking about those companies that are profiting from the owners of the cargo ships. Do you think any of this is politically motivated or anything because of the profits people are making because of this shutdown or this slowdown? Is there something going on other than just logistics?

I don't know. If you're a carrier and you could make money off the congestion and it's working for you, would you even care if the containers move or not? I don't know. The pumps in the putty, carriers, the major three major carriers are recording 3.5 billion or quarter. During congestion, they raise the price of the container. America, you know, what are we going to do? You tax the carrier, he claims he's going to go, you know, they claim they're going to go elsewhere. Okay. Well, you know what, I'm just going to flinch first.

I don't know, man, I'm a long showman. We've never backed down from anything. We don't lead with our chin either. So, you know what, if this is the game, other countries wanna play with us, I know we gotta find the strategy to defeat it. And I, like I said before, long short, they're not economists. All I know is I'm gonna be moving carboas quick as fast as we can, we're gonna work as many hours

as we can. Now, the employers are the ones who make the orders. So when you look at this, it's not working the 24th, the 24 hours, the employers are the ones that have to put an order in. They order us to go to work. We work. Your employer says, okay, you're working nine to five. You're working nine to five. Okay, whatever it is. So that part of it is what I know. Well, first of all, Ramon, one, thank you for pulling over and being a guest. The audience is definitely enjoyed listening to you.

Number two, thank God a guy like you was leading that 8,000 and 4,000 union as the president. Whoever gave you the promotion, well deserved to them and well deserved to you for leading men the way that you are. Appreciate the insight and hopefully in the future when we have another story like this, we'll invite you back on to come and give us your insight. Okay, I'll give you a death. Appreciate the train car country. Oh, there's no question about that.

Thanks, buddy. Appreciate you, Ramon. Take care. Drive safe. Bye-bye, bye-bye. So two things real quick. Pull up the market watch story real quick. The one that was up there to his point. yesterday, it was reported that our trade deficit rose to a record.

I have 96.3 billion exported goods from America fell 4.7% last month. Okay. So the record number pull up the map of the rail network in America. There. Well, where to go? Okay. There's not a lot of rail coming out of Southern California to his point. Look at where the rail is.

The rail is, the rail is, it's where the rust belt used to be. That's where the rail heads were built. And Union Pacific has invested a hell of a lot of money in Texas and in a rail head that crosses the border. But there's not a lot of rail traffic coming out of Southern California to his point. What is all that up there in the middle of Illinois, Ohio, where? Those are all small rail lines. Got it.

Got it. Unbelievable. That number you just said, you just kind of went through it fairly quickly. Can you go back to that number she just put up? 96. The 9.2%. Almost at almost at a hundred billion dollars a month. That's how much we're importing.

Folks, if you listen to this, you enjoyed what Ramon had to say. And you want us to bring back guests like this to kind of give their insight to our, you know, foot on the ground, give this channel subscribe. If you enjoy that, Tom, thanks for that introduction with Ramon. That was amazing.

That was fascinating. I think the best point he had though too was that even if you get it off the ships and you can't get it anywhere Then you stuck just sitting in the ports and I remember I worked in a warehouse in Norway when there was a fire And one of the freezers on the other side of the country They would literally ship stuff across the country to us for us to take it out of a truck Repackaged and send it back. Because that was more efficient because of the backlog they were experiencing.

So I definitely think that that's something that I have overseen in terms of, they can get it off the ship, and then it's just stuck at the port, it's not going anywhere. And with the backlog we have, there's only room for so much before they have to start shuffling things. And like you talked to them, they're you're going four, five in the height, and you have to get a hold of the container at the bottom.

You now need to move four containers just to get that to move it away and you talk about just increasing the time of doing that by four or five. Creating inefficiencies. And I think the other good point too is they're busting their ass, right? They don't determine the word. We've not stopped working. Right. That union is hired by the companies that bring in the goods and need them unloaded and shipped around. So it's not like they're setting the hours. But again, what set this off? Too much stimulus money to where we went out and bought stuff like crazy.

This is a demand situation. All these imports coming into the country and the trade deficit being at a record high. That's because we're buying more overseas goods as a country than we ever had. And the lack of manufacturing, he could not be more clear about the point that we don't even like Detroit is gone as far as making cars. I mean, they're out of there. 24% of components come from China. So a lot of the other come from Mexico. We don't have an infrastructure to support the new importing as opposed to exporting.

So if that's the way we're going to keep going, then okay, but then we have to adjust the infrastructure to be able to sustain that and to be able to get it off Where he's gonna who's gonna pay for a big old new railroad? That's that's more profit he owns one I like I like how I said I said are you worried that the business is gonna go elsewhere and And maybe you know to different port, you know, Houston, you know, Miami, Jacksonville, Mexico, he says, of course there's something I think about, but I don't worry because I'm a praying man.

He went to his faith. But he said, of course, I do that that's concern me because... There's a reason that the president of Panama was recently in the city of Houston having a big old celebration because the units that are coming into the Houston port because of the widening of the Panama Canal are at record levels. Pretty wild. Do we want to do one more story before we wrap up?

If you can pick and choose one last story, here's what I got. I got energy crisis story that has to do with a ramp co oil. I have fit, prepares, tapering asset purchases as inflation surges. We talked about that. Crypto millionaires move to Puerto Rico as US territory becomes tax haven. I got an Alibaba story that lost 344 billion biggest, a world's biggest wipeout. Amazon warehouse story, Tom Brady story.

Okay, can we bring it to Tom Brady? You wanna do a Tom Brady story? She's the congressman's to demand the sports story. What, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what,

what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what Tom Brady. Daniel stole all my notes on the economy that she was talking about earlier. She looked at my paper, that five minute solidific. She went on that. It was yours. It was your notes. I'm believe I'm joking. I'm joking. I'm not joking. I'm not joking.

I'm not joking. I'm not joking. I'm not joking. I'm not joking. I'm not joking. I'm not joking. I'm not joking. I'm not joking.

Tom Brady gifts Bucks fan. One bit coin for given back 600 touchdown ball. This is a sports illustrator story. Bucks in here is fan. Byron Kennedy received quite a haul for return of football involved in Tom Brady 600 touchdown pass on Sunday, including Simon Mervylia and season tickets to Tampa home games.

And Brady had one more gift in mind for Kennedy. And Monday Brady said he also gifted Kennedy one Bitcoin during an appearance on Monday night football with paid manning, Gini-Lai manning. Now perhaps that doesn't sound like much out of context, but Brady's gift actually comes with a pretty hefty price tag current Bitcoin price, $60,000, yet it seems as though Kennedy prefers something other than a financial reward. The Bucks fan said the ultimate wish is to play around a golf per Brady.

Perhaps the goat will take Kennedy up on the request after clinching eight his eight Super Bowl in February. I mean, listen, I like that. The ball itself is, if I can't go, I came back and he said, this is a $500,000 ball. Least. Can I be the caddy?

Right. Please. You know what? I think Tom Brady, he is a completely different person now. And the fact that he escaped the prison camp that he was in for 20 years, under that dictator, that nut job coach that can't win without him. Why are you such a big fan of him? And my dad backs me up by the way.

What did he do to you? No, you know what, you get that is the easy way out for all of you, but he's 17 games under five under. Yeah, how dare all of you? I think Brady was drinking on Monday night. I really do. I don't like the red socks either. FYI.

Okay. Well, I'll get started on that. All Boston sports. So Monday, Tuesday's the off day in the NFL. Brady calls into that show on Monday night for the Peyton and the boys. You know, he was having a cocktail or two that night. But with the shackles off, he is just a completely different person.

And I think Brady needs to be an inspiration to everybody because he literally is showing if you want to operate at peak efficiency physically, mentally, there is a way to do it. By his book, there's a roadmap. If you want to invest the time and the energy and the dedication it takes, you can operate like that at the age of 44. He's going to be the MVP this year. You know, and I'll give you this little anecdote when he was a rookie. His first year out of Michigan when he was a nobody.

I was the sports anchor at Fox and Boston. I was in that locker room once a week in the locker room. Maybe I saw him three times. Maybe I glanced at him once. He was irrelevant. You want to think of talking to him. You wanna think of looking twice. He wasn't the starting point.

He was the best friend. I've missed a great opportunity there. It's just unbelievable how he's evolved than what he's turned into. He could be here with us now. Seriously, you could be calling in right now. We'll do it a couple weeks later. No, I don't want him to call in.

I just want him to be here. So. The Tom and Tom show. Yes. No, I think the other thing which was interesting about this was that you mentioned as well that Ken Golden was saying easily 500,000 for the football. In the article, it said that there's 28 baseball players who've hit a 500 plus home run club, but there's not even anyone who's remotely close to the 600 touchdown.

Amazing. Put some in a completely legal result. Because you're thinking really he's got so many momentum, so many monumental occasions and records and stats. Why does that one matter? But you're right, no one will touch that. 600 touchdowns? No.

Until the 700th, right? But it will happen. No, and obviously I was reading there was a whole bunch of things the other fan got to two sign jerseys, one helmet. He got Mike Evans, Game Jersey, signed cleats, two season tickets for the rest of the season. And then there was one other thing he got. He's gonna, he's gonna sit in the suite with the Brady for a gig or with his family. And then he got a 1000. The first thing they offered him was the $1,000 gift card into the first of all, just so you know,

the charity buzz. I don't know if you heard of charity, charity buzz.com. These guys go in, they'll say, hey, have dinner with Bill Clinton for $300,000. Have this, have that, have this, $500,000, you could have sold them all. Great. You get around a golf with Brady. What is that worth? No. To a guy that's actually a Brady fan.

Yeah, that's a priceless. Yeah, priceless. That's it. That's what I'm saying. So, so I like, because a lot of people were coming up saying, you know, he shouldn't give them all back, etc. But he said himself though, it's the right decision. Like, so I like, because a lot of people were coming out saying, you know, he shouldn't give the mall back, et cetera, et cetera. But he said himself though, it's the right decision. Like, this means more to him than to me.

And he had power to this kid was raised properly. Precisely. Thank you. There are a lot of parents in America teaching their children to be independent. I agree. I totally agree. I totally agree. We're from the same camp.

So, having said that folks, it's come to an end. What's next episode? What is next episode? It ain't gonna be next Tuesday. It's gonna be next Thursday. Next Thursday and it's episode number. 100. Next Thursday will be episode number 100.

It's gonna be crazy. It's gonna be past that ball. I have some surprises. There'll be some giveaways and it won't be two hours. I think I'm gonna be three hours. So we're gonna do, but it's gonna be next Thursday. Tune in, there'll be special guests and we'll have some fun things that we'll be doing

next Thursday, three hour podcast. Daniel, thank you so much for coming out. This was a blast as usual. Tom, appreciate you buddy. Kai, phenomenal job. And Tyler, you're getting better. You're getting better back there, which we like. And let's remember, Kai does not have cats. No.

But our friend Adam, who's at the Dallas cat convention, does. Have a great weekend, everybody. Take care. Bye-bye, bye-bye. hats. But our friend Adam who's at the Dallas Captain Engine does. Have a great weekend everybody take care bye bye bye bye bye