PBD Podcast - TikTok CEO EXPOSED In Congress | Ep. 251 | Part 1

Episode Date: March 29, 2023

In this episode, Patrick Bet-David and Home Team will discuss: TikTok CEO being exposed in congress Michael Jordan selling the Hornets Lazy people who are not striving to be high achievers Why work from home will end for millions of Americans FaceTime or Ask Patrick any questions on ⁠⁠⁠⁠⁠⁠https://minnect.com/⁠⁠⁠⁠⁠⁠ Want to get clear on your next 5 business moves? ⁠⁠⁠⁠⁠⁠https://valuetainment.com/academy/⁠⁠⁠⁠⁠⁠ Join the channel to get exclusive access to perks:⁠⁠⁠⁠⁠⁠ https://bit.ly/3Q9rSQL⁠⁠⁠⁠⁠⁠ Download the podcasts on all your favorite platforms⁠⁠⁠⁠⁠⁠ https://bit.ly/3sFAW4N⁠⁠⁠⁠⁠⁠ Text: PODCAST to ⁠⁠⁠⁠⁠⁠310.340.1132⁠⁠⁠⁠⁠⁠ to get added to the distribution list --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Did you ever think you would make it? I feel I'm so close I could take sweetest theory I know this life meant for me Yeah, why would you plan on the life when we got that David? Value payment, giving values, contagious, this world I want yourpreneurs, we can't no value that haters Howdy run homie, look what I've become I'm the entrepreneur

Hello, hello, okay, so what do we got today? We got podcasts, episode 251 home team. We got some crazy things going on. We had our notes ready. Yes. Ready to go. Tom printed a couple, you have to use a couple of trees to get his notes ready and what he's got to talk about.

Down with trees, right? On anti-tree. Right, and then all of a sudden, obviously a tragic, Get his notes ready. And what he's got to talk about. Down with trees, right? Antique tree. Right. And then all of a sudden, obviously a tragic, tragic event takes place yesterday, taking a lives of three people, this transgender who, depending on what article you read, is going to tell you different stories of a man, a woman. She walks in.

There's videos of it now that you can see, takes the lives of three nine-year-olds, innocent nine-year-olds, 261-year-olds, and I believe won the head of the school, and she had a manifesto. We'll talk about it today on the podcast. Obviously, we got a lot of other stories that are also business issues, but we'll definitely get into this.

I know the last thing thing I have some friends in Nashville, I text that I call them, I always say, you guys good, you guys good, you guys good, you everybody is good, you everybody is good, but you know, there are six families right now that are dealing with this and our condolences goes out to their entire family to hear another tragic event like this. We'll talk about it, but there's a couple of the things we got to talk about business. TikTok, Tom's got some thoughts on TikTok issues that's taking place.

There's a Wall Street Journal story that I saw. I think all of you would enjoy the story. It gives such insight about what's happened to American values. The article reads, America pulls back from values that once defined it. If you see how dramatically our values have changed from 1998, which you and I 1998 were how old in our 20s, maybe, right? Not even 20s. 17. 17. You were 16. We're not you like

1990s. Yeah. So to where we are today, it's telling where we're at. There's an incident on what happened with a chat GBT that saved the dog's life. Very interesting. What direction some people are gonna be getting doctors advice from chat GBT. Tom's got thoughts on AOC. Events data is taking place with Net Yahoo.

I know you got some thoughts on that as well. And Vinny on the DeSantis, where Trump told DeSantis, he came in tears. He was crying. Maybe we can talk about the conversation where Trump told Hannity yesterday how DeSantis came in tears begging for. With tissues. For his endorsement.

Now, having said that, Geng, here's who's gonna be at the live podcast that we're doing. Next, it's a next Thursday, right? It's next Thursday, April 6th. Here's who it's going to be confirmed in the flesh with us. It'll be Dave Rubin, who will be in the podcast with us live at the 5990 building, as well as a man named Rudy Giuliani. And to say it's going to be a very interesting one. If you want to pick up tickets and register, there's a few tickets left of VIPs, definitely sold out.

Text award, a podcast, to 310-340-1132, 340-340-340-1132. Text award podcast, and we will send you the link. You can even go to 5990live.com to get registered. Again, 5990live.com. If you can put the link below as well, Robert, so if you can get it, go get your tickets. I think we got 28 tickets left or 27 tickets left. It'll sell out.

The last one we did was an incredible event. Obviously, there's a part of Dave that's going to defend on the DeSantis side, lean a little bit more on the DeSantis. Although he's supportive of Trump as well, and we know where Mayor Giuliani's going to lean. But the time, the amount of things to talk about with all these investigations, this is a man that's been through it for many, many years.

There isn't someone that's got as much experience to talk about this as he does on Trump, on TikTok, on Hunter Biden, on a bunch of different things that's going on. And we're coming to you at a very special time. It's going to be 6 p.m. that we're live. I think it's 6 p.m. people come in, but we'll be going seven to nine.

And then afterwards everybody will be hanging out together. Some of the guys that are VIP will go to the cigar lounge. We'll have a cigar together. A nighttime party. You've never done this before. This will be the first nighttime we're doing because it's the weekend of UFC. So some people can come and enjoy South Florida and go watch UFC fight on Saturday. Anyway, having said that, let's get. Maybe you should have Dave Rubin fight Rudy Giuliani. Let's just get let's get let's get let's get let's get right. I've got my money on Rubin I just wait class problem there obviously we're gonna talk about what happened with Nashville

Let me just go into a couple different stories here, and then we'll get into that as well Michael Jordan picks perfect time to sell the hornets, okay? It picks the perfect time to sell the hornets Tom. This is something you have some strong opinions on But let me just read the article first. So Michael Jordan is selling his majority stake of Charlotte Hornets, which he bought in for $275 million in 2010, a reported $1.7 billion. This would mean a significant profit for Jordan, who's 10 year, as majority owners saw the team reached only to playoff birds two times and no second round of the postseason, the bankruptcy of teams, local media partner, Diamond Sports Group, could put the future media rights of 42, listen to this folks. MLB,

NHL and NBA's teams in jeopardy representing an existential threat to the league's teams, like the Hornets whose games are aired on Valley Sports, Southeast, rely heavy on the cable, and NBA attributed 13% of last season's earnings to local media deals jordan may be looking to downsize his ownership role due to struggles as an owner and instead to focus on other ventures such as his nike brand or his new nascar team a deal is not imminent but if he decides to move on he may not find a better opportunity tom well i think a buyer is also going to find an opportunity here

and what is happen these local sports nets ball ballet sports, if you Google that, you see what happened to them, that is critical. I've been reading it's anywhere from 13 to 20%, depending on the team. So in other words, if you're the owner and you suddenly lose 13 to 20% of what's coming in, you're going to have to reach into your pocket next year and cover the difference because you've got existing player contracts. You've got existing leases on your stadium. So Jordan's in a good place because he bought it such a compelling price and the franchise

is worth 1.7. So even if someone came along and said, yeah, I'm only going to pay you 1.3, 1.4 or some number, he can still make a good tremendous deal on it and someone can still going to get a deal on the team, but that someone is still going to have to figure out the gap on these local sports. It's happening all over baseball and it's happening here. This is just where the economics of the time in which we live, these regional sports nets, even with great advertising, you get more advertising for live programming

because people don't fast forward through it. And they don't like, you know, watch it on DVR later and then skip. So all of that's coming home here, but this could be a win for Michael Jordan, but also a win for some of the ones to get in is an MBA owner, because I don't think they're gonna pay the price

that's in Forbes because what just happened with the regional sports group, that's gonna be a discount effect. I'm gonna take a different angle. You talk about a win from Michael Jordan. MJ needs a win at this point in his career because there's no question he is the goat, greatest of all time NBA.

You come and whoever you wanna put second, third, fourth, fifth, you wanna put the bra, you wanna put Kobe, you wanna put Bill Russell, Wil Chamberlain, throw them all on this, it's all good, MJ's number one. But on the list of all time worst owners in NBA history, MJ's on goat mountain. It's been so much. It's been more than that old sterling.

Worst than Phoenix. Listen, goat mountain. Yes, Phoenix has been to the finals before. MJ, how many times have you even been to the playoffs? Well, that's the team in the finals. The Phoenix owner has proved to be a pig. Tom, Tom, let people, let people, let people, let people, let people,

let people talk about it for a second. The reality is this, what we've realized with MJ is that as great as you are as a player, it doesn't mean anything as an owner or a general manager. Listen, I'm a huge Miami Heat fan. I've been to a million games, season tickets. We've won multiple championships with the Heat Twain Wade, Shaq,

the whole squad, everything that we've done over here. When we see Charlotte Hornets who is in our division show up on the calendar, it's like, just throw a W right there because this team doesn't do shit. And you would assume that if MJ is the owner of your team, there's gonna be some MJ magic. You're gonna maybe make it to the playoffs.

You're gonna make a run, nothing. The only thing they have to speak of is they have La Mello ball who, again, broke his ankle this year. So talk about breaking ankles in the NBA. It's just, I'm an MJ fan. I mean, I'm a Isaiah Thomas fan to be honest with you. Yeah, business bad boys. But I want to see MJ succeed as an owner. I want to see his team do well. And unfortunately, they're just trash.

So why don't you add on what would be the reason that you think behind somebody with that much knowledge for the game, that much power, that many relationships that he can't turn a team like that around? What, why do you think that? Yeah, I'm curious that he can't turn a team like that around. Why do you think that? Yeah, I'm curious. I don't know. I think it's a combination of factors. I think they haven't had a good coach in years. I think the general manager hasn't done much.

I think their draft picks have turned out turned out well other than the mellow. I think the best player they've had in the last 10 years has been Kenba Walker. He's out of the league at this point, who they had a mecha ochre for. They have not put together a good squad, and I wonder why. I think it's an opportunity. I'm sorry, Pat. No, no, go ahead.

I think it's an opportunity. That is why, if I was in Charlotte, first of all, North Carolina, it's like, Indiana, North Carolina, in Kansas, it's like the two most natural basketball states of the nation. You have Duke, you have UNC, Chapel Hill, you have NC State, and the pleasure of Jimmy Belvano, you have Wake Forest, Tim Duncan

went to Wake Forest, I think, I believe. So you have this in this basketball crazy state that's crying for an owner that cares enough to reverse everything that you just correctly pointed out. The checklist you just gave, I agree with, but I think there's an opportunity for someone to do it. And Charlotte, although is the second capital of the US banking industry as we know, known as the second capital, you would think there'd be some money there but banking's got a little bit going on. Here's what I would say. Weissmove because MBA is a shitty product today and take your 1.7 billion, go put it elsewhere, you're going to get better returns than leaving it in the NBA.

Do I think the NBA franchise, you know, is it gonna double in the next decade? Yeah, is it gonna get 7.2% over the next decade? Maybe, who knows? But maybe he's gonna get 7.2%. The other part is, you know, to choose to be an owner, it's a different, it's a very different philosophy to be an owner than it is to be a GM,

than it is to be a coach, than it is to be a superstar, than it is to be a bench warmer. The same mindset doesn't work when you're owning a team. When you're owning a team, it can't be about the owner. It has to be about the player. It's a very, very different dynamic. When you're wanting to go that route,

and eventually it needs to be more about somebody else that hasn't happened here yet but if you're buying a sports team today I don't know if I'm buying an NBA team. It's a waste of time to go to see any father that's thinking about spending a thousand dollars to take his son to watch LeBron play, to watch Curry play, to watch you know anybody play except for a couple plays that won't miss a game anybody that's thinking about spending a thousand dollars There is a high likelihood that your favorite player may not play on that day Why the hell would you take your kid with the thousand dollars that you have to go watch the game knowing the best player may not play in a season game It's a shitty product today. There's better products than the NBA to consider playoffs different story

But season I think NBA think NBA is not a good product today. Anyways, let's go to the next one. Tom Tiktok is what I'm going to next. AOC, Tiktok defense, ripped after Chinese parent company, gave six figure donations to Hispanic caucus nonprofits having to do with AOC. And let's see how aoc is tied to this because she did a video that everybody was talking about

but uh... it wasn't uh... all the good things that was talked about her so here we go aoc defended tiktok after the reveal that the chinese owned parent company by dance donated six figure contribution to non-profit aligned with congressional black and his panic caucuses including the congressional black caucus foundation congressional hispana caucus foundation in her defense of tiktok AOC argued that Congress should focus on regulating social media companies unchecked Habit of collecting user data without their consent instead of banning an individual company She also called for Congress to use to receive a classified briefing

Before proposing to ban and for the public to be informed about the justification for such a decision tom what is going on here with tiktok and aoc uh... tiktok is playing the game that face book and everybody else is played and it's called make sure you make donations to the people that may need to help you if you get your but hold before congress for a hearing there's no difference in what TikTok is doing with a lot of pharmaceutical companies

and others doing United States. And AOC, who's the anti-vagra for half of America, she's out there touting. By the way, just so a lot of people would disagree with you. What do you mean? A lot of people for two minutes would be willing to set politics aside. Book ahead? A lot of people with this, a lot of people for two minutes will be willing to set politics aside.

But go ahead. Yeah. If it was me, I'd have to be, please don't talk. The, by the way, I understand that part. I understand that part. Please. Just, we have, okay, whatever. And can you hit the light?

The, so Tom, your wife's watching. Let's have a little respect for the biz doc paper no i'm really gonna right now i'll get we get back to it so what a c was doing she was preaching to the donation there's preaching to the choir but there's also preaching to the donations she was preaching to the donation the other part of this it was very interesting it gets worse that the cyber security lawyer for tiktok who is

scolding us about the hearings, was Don D. West, who formally works for the office of the Director of National Intelligence. So you had a former lawyer that worked for the United States, Director of National Intelligence, leaves government and does what a lot of people in government do. You go work for the private sector. We've talked about so many people in defense that go get on the boards of defense companies Well Don de west do N.D.I. West formally work for the office of director national intelligence and she's out there now as a Cybersecurity lawyer for tiktok blasting the United States and lecturing us where she got her education and worked in our government

So Adam anything did you did you watch any of the year in the back so what do you thought? Yeah, so well, I think it's important to find out I mean the the the AOC story is just and worked in our government. So Adam, did you watch any of the hearing in the backseat? What do you think? Yeah, so I think it's important to find out. I mean, the AOC story is just dropping the bucket of what's really happening right now. So last week, the CEO of TikTok, his name is Shoo Zee Choo. He's a 40-year-old. He's actually born in Singapore,

was went to school in London, worked for Goldman Sachs, actually went to Harvard to get his MBA. So he's sort of been all around the block. He came and sat down in front of Congress. If there's one thing that I can appreciate what's happening in Congress right now is the lack of bipartisanship when it comes to TikTok. Democrats and Republicans both scoldedalded Mr. Chu about basically what's happening with TikTok

indoctrinating our youth. We've talked about this before. If you look at TikTok in China, it's all things to educate the youth, math, science, humanities, whatever they're allowed to show in China. Whereas here, it's just nonsense, dances, you know, chlorox bleach challenges on steroids. And I think, you know, TikTok has already been banned in what? India? Couple, couple of major countries. Yeah. A

lot of countries in the EU abandoned from government. I think the United States are actually already banned it from government. I think the United States is actually already banded from government phones. Government buildings, why not? Government buildings, so. That's exactly right. You know, this essentially is a Trojan horse for China to indoctrinate American youth. And I think it should be a concern.

Now, if you ask the average 16 year old what they think about TikTok, they love TikTok. But fortunately 16 year olds aren't making the about TikTok. They love TikTok, but fortunately, 16 year olds aren't making the decisions in this country right now. And you made a great, I'm sorry, I don't know. You made a great point about the children horse. We were talking about before we walked in here. My first thing is, every week it seems like there's

another story of China and how they're trying to screw us. Okay, if you go back from thing about it, COVID pandemic shut down the world, China. Okay, they're flying spy balloons over America. Nobody gives a damn. It took all its photos. Oh, we shot it over the water. Like you said, about TikTok,

they're indoctrinated to the children. They're finding out who are the smart ones, how coordinated they are, the dumb ones that are gonna drink the bleach. And when are we gonna say is enough is enough? I know we owe them a shitload of money, but who's gonna to step up? The only person I did step up was Trump,

and they crucified him because they called him racist for just saying, hold them accountable, make them pay their fucking fair share in trade, and then look what happens. A pandemic comes out from over there, and he's bye-bye. Well, the hypocrisy here is amazing. So take a look at this. Not only, well, they're playing the political game well

and they're getting a lobbyist in there and they're doing all that and then AOC's out there saying, oh, it's a slippery slope. If you ban an app, really you wanted to ban Trump's social, you wanted to ban parlors and now it's okay to ban this one. So that's a little hypocrisy, but the hypocrisy goes deeper. Let's look at China and the hypocrisy. This is a list of American technology companies

that are banned from the citizenry of Central China, Facebook, Instagram, WhatsApp, Google, YouTube, Bing, Twitter, Snapchat, Reddit, Tumblr, Pinterest, Slack, Twitch, Discord, Dropbox, Quora, Medium, Wikipedia, Vimeo, Flickr, SoundCloud, and DuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckDuckD So you, what is it with? So was that question even asked? See, that's the part that that question wasn't asked though. So what makes you think you can ban those apps in China but us choosing to ban you in the country is, you know, big, you know, whatever you want to call this of, this, of other way. Phenomenal take their time.

Can you do me, if I've got three clips I want to show you guys from this, if you haven't seen it. One is from New York Times, one is from Kirk, which I think Kirk's going to be on the podcast in a week or two. And the other one is from Bloomberg. Can you get those three clips ready, Rob? Start off with the first one, New York Times. Let's go there first and see.

This is a democratic, I believe, Congresswoman questioning came and look how this thing goes. It's 50 seconds. You've spoken your opening statement about a firewall relative to the government. But the Chinese government has that data. How can you promise that that will move into into the United States of America and be protected here. A congressman, I have seen no evidence that the Chinese government has access to that data. They have never asked us. We have not provided.

I have asked that question. I find that actually preposterous. I have seen no evidence of this happening. And in order to assure everybody here and all our users, our commitment is to move their data into the United States to be stored on American soil by an American company, overseen by American personnel. So the risk will be similar to any government going to an American company asking for data. There you go. Well, that congresswoman Vinnie just asked me. She's a Syrian. She's a Syrian.

Wow, we got a lot of fun. Wow, shout out to out a Syrian. Play the other one. Play the one with Charlie Kirk. Watch this one. This one's got 5 million views. My colleague representative, Ladda, confirmed that your parent company, by dance, currently can access user data. Yes? Let's, we have to be more specific.

Yes. After-product Texas. No. I'm not asking after-project Texas, I'm asking now. Yes. Some user data is public data, Congresswoman, which means everybody can. My colleague represented that, right? Now go to the last one with Bloomberg. This next one is the Wi-Fi one, which is what this is. This is where we remember how

Tom asked the question. Adam said they can't use TikTok in the government buildings. And you know, government funds and he said Wi-Fi he says you can't use it they're they have the ability apparently through your Wi-Fi to see all the other things you're doing on your phone if TFTAC play this clip Jesus Christ. Mr. Tuk Tuk, does Tiktok access the home Wi-Fi network? Only if the user turns on the Wi-Fi. I'm sorry, I may not understand that. So if I have a TikTok app on my phone, and my phone is on my home Wi-Fi network, does TikTok access that network? It will have to get access to network

to get connections to the internet if that's the question. Is it possible then that it could access other devices on that home Wi-Fi network? Congressman, we do not do anything that is beyond any industry norms. I believe they answer to your question is no, it could be technical, let me go back to you. I appreciate it if you can answer. Can you pause it? Can you pause your cheater?

Just take that. That's the professional bullshit. Just keep playing it. Look at the guy sitting next to him by the way. That's the guy I'm interested in. Wanted to pause it? Who's the guy sitting right next to his right? The lawyers.

No press play again for the eyes. You got to see the eyes. He's the guy sitting right next to his right lawyers now press play again for it for the eyes You got a CD as he's got the I look at that. Yeah, that's a legit No Don't say no the top one. What do you think he is right there? I mean, I just think it's important to point out that Well, state the obvious here bite dance is the owner of tiktok bite, what percentage of the CCP owns Bite dance? A decent percentage of it, like meaning the CCP does have ownership in it. And I think we're talking about this question of data

and privacy and spying. And you know, call me an old fashioned red blood in American, but if any tech company's gonna be spying on me, I want it to be an American damn-like. I want it to be, I want it to be Instagram me. I wanted to be an American damn right Adam. I wanted to be Mehta. I wanted to be Instagram. I wanted to be Google. Yeah. I wanted to be YouTube. I want American owned companies to be looking at my dad and like a good old fashioned red bone American not no Chinese company. America spying on me. Okay. America first. Yeah, and Exxon tried that.

And if it wasn't for the Valdeez, those ducks could be covered with foreign oil. That's right. And it's actually an interesting point that you make, isn't it? Isn't it crazy how far we've gotten? Like, wasn't during all the surveillance during Obama, people Americans were up in arms, right? People were like, I can't believe they're taking it.

And that look at how amazing and brilliant from Mark Zuckerberg to TikTok to all this social media, now they made it cool for you back in the day. Somebody saw your, I was like, oh, I don't want people. Now it's like, for instance, my sister's huge. If you don't know nothing about my sister,

you go on her Facebook, you know what she does, where she eats, what she's doing, what music she loves, who she hates, her political thing. Like, dude, you know everything, like the CIA, I heard they have a name from Mark Zuckerberg, like they love him because what surveil you for what? Go on to social media apps, I know everything about you, I know where you're gonna go next.

They have that type of technology, but they're like, well, we've monitored you for the past three days. We know that because of your pattern, you're gonna go to this restaurant on this day at this time. That's a man. I think about it. That's cool. When government has acquired a percent stake in one of three sets of board of Beijing

bytons technology, the subsidiary that holds license that underpin the company's domestic video and information sharing platforms, according to personal familiar matter who's spoken on them. Very interesting. Yeah. And just think about it, when you go and you download any of these apps, right, I'm joking about red blood and Americans like, I'm not, I'm not, I'm not, I'm not,

I'm not, I'm not, I'm not, I'm not, data is money at this point. Eyeballs are money. When you go and you download into these apps, American-owned apps, you know, they give you the whole 10- page long disclosure Table of contents of what's gonna happen. Yeah, all you do is scroll down to the bottom except 100% keep it moving. Let me just get the app. Yeah, so who knows? What kind of shit is said there? Yeah when you're basically downloading these apps. Yeah, so nobody's reading that

Like stuff like that. We're gonna take your firstborn child. Yeah, you're why? Okay, I want to get ready to spy in on you left and right, do you agree? I agree. Let's get out, I wanna see those dancing. And now when you find out people don't have Instagram and Facebook on you, like, what the hell is wrong with you? You almost get mad at them because they're not giving out information

the way that you do. You know, so much as this come full circle. Who did AOC defeat when she became House Representatives? Amazon? Joe Crowley. Joe Crowley, for the last two years, being that he lost his old job, because she beat him, is a paid lobbyist that works directly for TikTok.

So isn't it interesting that suddenly, the guy she defeated in her finally on the same side of an issue, they're both trying to protect TikTok? But the circles that have come around on this are just so ironic you could use that and we follow the money and you think about it i don't the terms selling your soul but side bro if you pay me enough money i questions this this weekend when i was out with a lunch with friends how much money would it take for somebody to give you a bit listen shut up i know we're taking all the data

from your own citizens in you're in Congress. Take this million cash, shut the hell up. I'm asking you. The whole example you did when you were posting on TikTok, you were getting like four views, and then you called China out or bite dance out, and then you got four million views. Where do you stand now?

Give us that rundown. Oh yeah, that's absolutely proven on what happens with that. We saw the videos are back to normal, but if you look at my Instagram, if you look at my TikTok profile today, I posted a video, Joe talking about our podcast and how we do interviews, and I posted that. That got flagged.

They said that is a warning for the content. And then I got a warning sign on my TikTok account and multiple whatever way. Now there's a new thing that they're talking about strikes. And but it's back to normal what it was before. Again, but if you say anything about China, on TikTok, you're gonna get flagged. What if it's a bunch of pictures of she and you're like,

I love him. Like, what if you're supporting him? By the way, do you know what's the one video that went viral on TikTok yesterday? A girl talking about why politicians are afraid of TikTok and they wanna ban it. She says, you wanna ban TikTok because we're getting smarter

because we're getting stronger than you. Because us young teenagers and you know, we're getting this and we're getting that. That's why that video went viral. Calling out, you know, all this stuff, not known what's really going on. Anyways, let's go to the next story. Adam, I know you got some opinions on this one here.

Is this the end of mail over achievers love affair would work a Bloomberg story in the US corporate life? In the US corporate life is defined by overwork and it's reverence. First of all, nobody says that, but that's what Bloomberg says. What higher up expected to work longer hours and receive higher rewards for it,

men tend to end up at the top of professionals that are most demanding and lucrative while women get shut out due to sexism, do home, just reading this article is due to sexism and not having enough time to dedicate to these types of jobs which result in top-earning men making more than top-earning women. Evidence shows that pandemic may have disrupted corporate American America's love affair would work a holism between 2019 and 2022. Men who were the biggest earners and our clockers cut back on work more than any other cohort. How many other cohorts are there? Men and women.

The average US worker locked 1791 hours in 2021, which is hard in other countries, such as Canada, Japan, UK, France, and Germany, overworked, exasperated, the gender gap by 10%, but the pandemic may have delivered the shock needed to push that trend into reverse. So cohort, they're talking other countries. So Adam, what are your thoughts on this? So, I mean, as I'm reading this, I'm kind of like throwing up in my mouth

a little bit right there, just, it's just so far fetched and so ridiculous. So it's basically saying women are getting shut out of the workplace because of sexism. I mean, I probably get canceled for saying this, but if you go just to human nature and human evolution, men were born to work, and this used to be known as hunter gatherers, right? Men were the hunters, women were the gathers. Men were out there killing the saber-tooth tigers and woolly mammoths and risking their life to put food on the table for their family, whereas the mothers were raising the children

and creating homes. And only in the last 30, 40 years with modern feminism has this, has this sort of been questioned and women work all you want please But part of the reason that you're talking about sexism and not having enough time It's women have one of those things that women typically have when they get pregnant. Oh babies A lot of times when they have babies They they don't work for a good year two three four five years maternity like Yeah, like Buttigieg where's the man continues to work men were built to work if you see a man out there who doesn't work

He's like, yeah, I just not feeling the work thing right now. Just like what what are you talking about? Yeah, that's an unacceptable thing to say as a man. As a woman, if you're like, well, I'm not really working right now, I'm a maternity leave, my husband, totally understand where you're coming from. And at the end of the day for a man, we have this debate over work-life balance, 40 hour work weeks, your input is equal to your output.

What you put in is what you'll get out. If you wanna work the bare minimum, just expect the bare minimum. If you wanna put in long hours and work your ass off and build something and create something and consistently improve, you'll get out what you put into it. So at the end of the day when it comes to investing,

it's risk and reward. If you're willing to risk it all, what's the reward? By the way, when you're saying, maternity leave one, you're two, you're three, you're five, you're just 12 weeks in America. You're saying that some choose to go spend that time with their kid, with their babies, what you're talking about. Correct.

But the most part maternity leave is typically I'm not saying what? 12 weeks according to what? Just to clarify, I'm not talking about corporate in a lot of time. I'm saying a lot of women are saying, I'm not even going back to work for a year, two. And that's why I bought a peat Buttigieg,

because I mean, he's back at work, but he's not really work. You know, I mean, he's just whatever. I'm just, I don't agree with him taking off months, three months or however long he is. Pat, what's your thoughts on this one right here? Since you're a male overachiever. Yeah.

Well, do the opposite. See what happens to you. Go ahead. Yeah. Do the opposite. Go be a male underachiever. See how you feel about yourself. Go ahead. Why don't we, hey, Bloomberg, why don't we be a male underachiever. See how you feel about yourself. Go ahead.

Hey Bloomberg, why don't we have more male underachievers according to the way you're judging male or overachievers? What do you think will happen to society if we increase male underachievers? Okay. More male underachievers, they tend to nothing highly of themselves. They tend to not get girls. They tend to not have their dreams become a reality. And they tend to become a girls. They tend to not have their dreams become a reality and they tend to become a

Menace to society. They ruin things in society when they become underachievers underachievers are not good for society and Bloomberg is sitting here bashing overachievers Let me ask you question when you celebrate Daniel. They Lewis winning. How many different awards? He's one the most Oscars I believe believe, for with his leading the Mohicans. Last of the Mohicans. My left foot. My left foot. These one through your forehead, right Oscars.

When he did the last of the Mohicans, he went out there and lived in the woods to know what it feels like. So he didn't act, he lived it, right? What an overachiever, terrible guy, right? Oh my horrible guy. When Johnny Depp goes and plays pirates of the Caribbean, and he does such a good job that now Disney has to offer him $301 million,

and he's still not gonna go back. What an overachiever, oh, underachiever guy, what a bad thing he used to society. When a Michael Jordan goes practices or Kobe goes practices, what a terrible overachiever we got. If there's anything we need in America, it's not more underachievers. God knows we need more overachievers.

So overachievers out there, we salute you. Keep kicking ass. We recognize you for your efforts, for your sacrifice, because that's a lot of work. And FYI, to me overachievers, is not just in work. I see mothers who go above and beyond for their kids who are overachievers is not just in work. I see mothers who go above and beyond for their kids who are overachievers. I see CEOs, I see salespeople, I see customer service,

I see a person that works at McDonald's that's an overachiever. I salute you, I don't care what your job is. If you're going above and beyond to do your job, eventually someone's gonna take notice and you're gonna get a promotion. One of the best stories Ron Paul over told me was the following.

Ron Paul said, I got addicted to this one economist and I would go drive up. This guy was a, he gave, I don't know, 4,000 deliveries of babies, what Ron Paul's done. He says, all of a sudden, I'm starting to read in these economy books and I'm addicted. I can't stop reading it. So I go back to the lecture and I said, look, I can't stop reading this stuff. What do I do with all this material I'm learning about? He says, let me tell you how the world works. You keep talking about what you believe in,

the right people will show up and figure out a way to use you effectively. So if you are at any company, doing anything you can, if you're an overachiever, don't worry about it. Eventually, someone's gonna take notice and you're gonna get a massive opportunity. Whether it's within the company or outside the company, power to overachievers. Let me go to the next story.

Can you just point out one thing about the irony of this article? This is written by Bloomberg. Bloomberg, as long as it's... Okay, Michael Bloomberg, the founder, is the definition of an overachiever. He's a top 10 richest people in the world. Is net worth as close to a hundred billion dollars? I mean, the antithesis of what you're basically saying is Michael Bloomberg. But here's the thing.

Yeah, right. Before even going, go to this article, Rob. I don't even know what the author looks like. Okay. What do you think this person does for a living? Okay, it makes sense. Is that her? Beth.

Okay, let's look her up. Beth, collect on her link and let's go to her LinkedIn. What school you think she went to? Maybe Columbia. I don't know what school she went. Let's let's look up her profile. There she is. Actually go to her profile. I'm actually curious now. Senior columnist. Okay, is that her senior? Go all the way down to see what school she went to. Go all the way down, go all the way. So she was at fortune magazine before, Columbia, boom! And I guessed, there you go. And I guess I didn't even have a clue. I guess she went to Columbia University. Wow.

Of course, they're producing people like this that hate capitalists. No wonder is anybody surprised. Hello folks, the next time your kid says, I wanna go to Columbia University, this is new age journalism. This is new age journalism, not the stuff that we used to get years ago.

And it was, let me get to the next story here. Next story is, work from home, era, ends for millions of Americans. This is from a real newspaper called Wall Street Journal. A Labor Department report released this week's show, 72 and a half percent of business establishments said Their employees telework rarely or not at all last year compared to 60.1% in 2021 The survey showed about 21 million more workers on site full time in 2020 to compare with the prior year Several large companies have said they have their employees to report in person more often and they said they began pushing harder to get staff to work

on site more often as recessions, recession, fears, prompts, and increase emphasis on worker productivity. Walt Disney Company now pushes for four days a week on site and Meta platform Inc. Zuck said that in person time helps build relationships and get more done. The share of business establishment and hybrid arrangement, where employees split time between home and workers' work site, decrease in all measured industries in 2022 from 2021 declining 13.4% across the private sector according to the labor department. Tom?

There is a lot going on in here, and I'm about to go to like 1.5 mode if that's okay. So you have all these people that are upset about work from home, but guess what? With the recession coming, it's about to be go back home. And you could lay it off and lose your job. Here is what's going on in tech. Remember tech, the doggalings of the liberal side that take care of other people and make them special organic pizzas in the Google cafeteria. Here we go. Apple is threatening to take action against staff who aren't coming to the office three days a week and they're going to monitor your badge to make sure that you do because they think, quote, with the recession coming,

we need collaboration. Then Oracle is forcing some employees to come back to the office. Mark Benioff, excuse me, excuse me. Larry Ellison comes out and says, we've missed the benefit of imposing collaboration and mentoring that drives our creativity and proves our decision making. It helps us learn from one another, especially as we come into a competitive era. Translation, recession coming. Let's get in the huddle and get done. one another, especially as we come into a competitive era. Bum-dum-dum. Translation, recession coming.

Let's get in the huddle and get done. Three number two gone. It says, Mark Benioff has revised the plan to stack rank, the bottom five percent, the way GE used to in the 80s, 90s until Jack Welch retired. And he said the annual strategic plan will include return to office mandates because we have a vision, V2 MOM. So V2 mom, which stands for vision, values, methods, obstacles, and measurements for the new year,

and measurements are hard to take place unless people are here working together on teams. Then, Amazon's HRT sent a memo rejecting, rejected. What, I got to sound like check her in here. Rejected, March 24th, just the other day, HRG, formally rejected the internal petition by 30,000 Amazonians, as they prefer to be called, who signed it and said that the return to office,

RTO mandate was unfair to them. Their comment was, we respect the petition and we appreciate your collaborative nature in which you brought the issue forward. However, the RTO mandate, well, Andy Jassy is outlined, we'll stand. We need, here it comes again, collaboration and team work. I can't respond to every accommodation request,

but this is the decision of corporate. Now then, guess what you heard in there, like seven times, collaboration, teamwork, you know, recession, tough environment. Let me tell you, you want to complain about work from home. There are Reddit threads out there right now, teamwork, recession, tough environment. Let me tell you, you want to complain about work from home. There are Reddit threads out there right now, Pat, that are warning each other, hey, you know, if you have an opinion, but go light on it, you don't want to get targeted. If we have to do a bunch of layoffs, and you're on the work from home, and you've been

kind of pushing back too hard against management, be careful. So there are voices on the Reddit it's that are reminding each other. Yeah, show your opinion, but I don't know how I want my signature on a petition, because if they're looking for layoffs, I don't want to be seen as a troublemaker. Whereas corporations, it's not about troublemakers. We're about to go into a recession

and they're talking about getting stuff done, driving hard and building stronger businesses during it. And by the way, I'm not leaving out Mark Zuckerberg because you just read in summary here, about getting stuff done, driving hard, and building stronger businesses during it. And by the way, I'm not leaving out Mark Zuckerberg because you just read in summary here, he says in person time, helps build relationship and get more done. Adam, and I'm sorry, I'm not to cut you off, everybody who was watching. I mean, Adam lately, I've been really like into like the planet and earth. All the trees that you killed, can we just take a moment of just silence?

For all the trees that time just killed for that one bit. I appreciate it. You're funny. But you know what, you know how sometimes you listen to every single new station and they use the same line. You know that one clip that shows like 75 different anchors all saying the same thing, saying the same thing. Yeah, it's like a central narrative.

Narrative narrative. By the way, you can tell all of these guys also talk to each other. 100%. Every one of those guys got on a call and we said, let's use the word collaboration. So that's the real bunch of words against the wall, which one do you like the most? All those stories are 72 hours from beginning to end that everything I pulled, it's all together. What do you think of the chances they had to call together, that they all spoke to each other? 10,000%.

Okay, I'm with you there. And by the way, guess what? Guess what? And all the people that are saying, well, you know, if you don't offer a work from home, you know, we're just not gonna do this. But by the way, let me take a crazy story. I can't tell you who.

I can't tell you who, but you know who, and I'll tell you after the call, who? This week, two of these biggest bankers in all of America Okay, very well known guys. We got on a call. They're the best team in that company. You know who they are I call them after six months of back and forth were giving them some money and I said here's some money I want you to look at him that give me some options investing it to things right now. You know what his answer was? He says, we'll take the money and we'll put it in cash. And we're not buying anything right now

because we believe that SMP is gonna go to 35 and there may be a chance that SMP goes to 32. SMP today is around 39,88, around 4,000, okay? To go from like 4,000 to 35, that's a 15% drop off, okay? To go to 32, that's a 20 something percent drop off, exactly 20% drop off to go to 32. So these guys, all the big Wall Street guys are all sitting around saying there's a

probably a very big, you know, a drop off coming up here soon the next few months. To say they're aligned on the same page together, most of them are. It's very rare. You tell a salesperson, take some money, go sell me some products, make some commission, and for the salesperson to say what? No. How often do you hear a salesperson saying no to making commission? You rarely hear that, okay?

This happened to me today's what? Today's Tuesday, this was on a Friday call that I had with these guys. What do you think of that approach? Well, first of all, I love that approach. I love that approach. That's the right approach. But if you do with that, well, you know what I told you guys, let me take you guys something here.

I've been around the block for a long time. You treat me right. You have me for a lifetime. You don't. You don't. I said, I'm just getting barely started with making money. You know, I'm 44. I'm into money making years.

We got 20, 30 more years of making money. There's going to be more investments that we're going to be making together. More of the money making years. We got 20, 30 more years of making money. There's gonna be more investments that we're gonna be making together. More of the story is this. More of these guys who are running companies, who laid off 19,000 employees, is it Accenture? Is it? No, it's, I think Accenture,

is it Accenture that laid off 19,000 jobs? Yep, Accenture to cut the cut 19,000 jobs as IT spending slows. This is 19,000, if you can zoom in, 19,000 jobs they're laying off, right? Left and right. Yesterday Jeff Bezos had a video, Jeff said, if you're right now sitting around

seeing what's going on the marketplace, everybody is bracing for recession to come. And it's coming. Jeff is talking about, he says, the advice I would give to the average person is, if you got some money, take some money off, to take some chips off the table. If you got some savings, don't make any crazy decisions right now.

That's what Jeff is talking about. Because we don't know how bad it's going to be, the direction we're going on, unemployment, we're gonna experience all of this stuff that's coming here, right? And all of those guys are now going to say, well, if you don't let me work from home four days a week, I will not work for you because I got four other options.

You know what you should say now? I totally understand, sweetheart. Go somewhere else. Because this is in a place for you. That's what all of those guys are saying together and they're very aligned. That leverage is over. You are so right.

And it's not leverage time. That leverage is over. You are so right. And it's not leverage time. That abuse is over. Yes. Yeah. The companies felt abused. The employee thought they had leverage. And but it turns out to be fake leverage. And by the way, this is censure.

This is not Amazon saying we're laying off. What was it? I think Amazon was like 19,000 plus nine and they came back and it was like 27,000 overall. This is censure. This is not warehouse workers. That's freaking a censure. These are highly educated white collar workers and finance accounting and professional consulting.

Yeah, 9,000 more. In addition to 18,000. Yeah, so, so, it's like I'll see you're 18,000 and raise you a thousand. By the way, we talked about this. I want to say you can tell me to date on this. We talked about this at the peak of COVID where it was, we talked about how if you can go get a raise, go get it, go do, do remember that conversation. And I said, don't do it.

I said, I'm telling you, don't do it. It's going to backfire. No, go do it. All those years of Social capital you had with a company when you left you lost it all of that loyalty the relationships all of that you lost it It's gone right you don't have that anymore the people that didn't do that they deserve to be recognized Those who did do that, they're paying a price today. We were in a book. Well, they're mercenaries, right?

What does a mercenary do? It could have been in bulk. You're right, I think it was a bulk of the thing. Yeah. What does a mercenary do? A mercenary shows up for the temporary war and then goes off somewhere else. It's paid, paid soldiers.

They're paid soldiers. So if people wanted to be mercenaries working for Amazon, and then Amazon now lays them off because they're like, these folks here are dedicated and working. Man, what goes around comes around, you know, as they say, F-A-F-O, you know, so. And guess what, people are finding right now level 10 of that experience.