PBD Podcast - Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727

Episode Date: January 28, 2026

Patrick Bet-David, Tom Ellsworth, Adam Sosnick, and Vincent Oshana break down Trump’s proposed federal takeover of the LA rebuild, Google’s $68 million data-privacy spying lawsuit, massive UPS layoffs and broader tech and logistics job cuts, and the surge in U.S. energy prices impacting the economy.------♟️ SALES LEADERSHIP SUMMIT 2026: https://bit.ly/45Evtj4🖥️ BRAD LEA'S LIGHTSPEED VT: https://bit.ly/4taEPgEⓂ️ MINNECT WITH BRAD LEA: https://bit.ly/3Z56TEc🎙️ FOLLOW THE PODCAST ON SPOTIFY: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4g57zR2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ⓜ️ CONNECT ON MINNECT: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4kSVkso ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ⓜ️ PBD PODCAST CIRCLES: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4mAWQAP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👔 BET-DAVID CONSULTING: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4lzQph2 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🥃 BOARDROOM CIGAR LOUNGE: ⁠⁠⁠⁠https://bit.ly/4pzLEXj⁠⁠⁠💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!ABOUT US:Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Did you ever think you would make it? I feel I'm supposed to take sweet with the three. I know this life meant for me. Adam, what's your point? The future looks bright. The handshake is better than anything I ever size. Right here. You are a one of one?

My son's right. I don't think I've ever said this before. All right. So we have a special guest here with us. He's probably one of the best looking guys out there in a marketplace, doing content, and he's a very good communicator, smart, successful businessman from Las Vegas. Bradley, it's great to have you on the podcast. Thank you for having me.

And we've spoken over the years many, many times. You came to our office in Dallas maybe 10 years ago, no, probably. Yeah, 10 years ago, 15, 16, something like that. And then the relationship started from there. But we'll learn more about Brad here in a minute and get into stories. There's an operator that became the president of Levi's. she tweeted something about one of her employees coming to her office, putting her foot on the table, saying you're a horrible leader.

Tom retweets it, I read it, I reach out to her, we have to talk about this because I want to get your thoughts on how you would react if somebody were to put their feet up on their table. And I said, with only one exception, I would be okay with it. If they're willing to put their feet up on the table and they're wearing brand new FLB shoes, I may entertain it. Aside from that, I'm not okay with it. Now, let's get into the stories. UPS just announced they're laying off 30,000 employees, another cut.

And that's a lot of jobs, folks, because UPS has got some 500,000 employees. 30,000 is about 6% of the workforce. Amazon introduced that they're letting go of 14,000 to 16,000 people. So we'll address that. California has something very interesting happened. Can you imagine how embarrassing has to be? be that you're the governor of a state and you're doing such a horrible job with permits after people lost their homes and you can't even get involved in your own city, the big cities,

Palisades, L.A., to get these people permits, only 2,500 people got permits, 13% of them, and only 10 homes have been rebuilt from the fire that the president finally says, listen, this governor, the state, whatever his name is, we're overlapping, we're going to come in and expedite the permits to the people. You can take your time. horrible, horrible look while this is taking place. And on the other side, Tim Walts from Minnesota is having a conversation with the president, saying, what can we do to make this place good? Jacob Frye even talks to the president allegedly then does something dumb to the point that the president had to tweet about it today on, hey, can somebody knock some senses into this scoff to the conversation we had? He can't say stuff like this.

This is a, he's playing with fire. We'll talk about that as well. Trump administration cancels $30 billion in Biden-era loans will address that. will address that coalition warns Trump mortgage could shift. A shift could spark another 2008-style crash. And that's a story that both Tom and Brandon want to talk about. President Trump signs the executive order. We talked about that.

Trump shifts on immigration crackdown as ice backlash intensifies. Prediction market traders place odds are government shutting down to 80%. That's Cal Shee. We'll address that. And then Netflix, it looks like Netflix is probably going to end up buying, what is it, Time Warner that they're looking at. And we know Paramount and Ellison's wanted it. But I don't know why they keep pushing it the other side.

There's a good story here about Disney's CEO succession drama is hurting the stock price. I agree, and we'll talk about it, because something's also happened January 1st with somebody that's no longer there, which is a good thing, but we'll address that as well in regards to leadership gold. I woke up this morning, and we got a text from Humberto at 6 a.m. Gold is now $5,300 an ounce. So if you bought a kilo of gold a few years ago for $52,000, this morning, it's worth $172,000. And our previous insurance company, still a part of it until August 1st. We used to give away gold bars to people. Give away gold bars.

I hope you all kept it. I hope you didn't sell it. So if you sold it, somebody's not sitting on that at $172,000, that gold bar. Yale goes tuition free for families making under $200,000. And in the disclaimer, no students will be accepted from families

that make less than $200,000. Obviously, that's a joke, but we'll see what will happen there. Google, which Humberto said, this may be the biggest story that's going on, settles lawsuit for $68 million, following allegations of secretly recording smart device users. What?

Recording you? Is that what happens when you talk to somebody and all of a sudden the website comes up of a product you were talking about? Maybe $68 million, to be honest with you, it's not a lot of money for a company that's worth a couple trillion dollars. So they're probably sitting there saying,

like giving away $68. It's not a lot of money to them. humanity needs to wake up to dangers of AI says anthropic chief. Health insurance, this is a big story that we'll get into as well. Tom's got some thoughts on this, so does Brandon. Health insurance is now more expensive

than mortgage for these Americans. Who are these Americans? We'll address them. Cobain is rewriting homeownership and romance is no longer required. You know what co-buying is? Me and Brad are 23 years old. We're hanging out, we're party and we're having a good time. And we said, why don't we go out of a house together? We're not partners.

We're not married. We're just buddies. And we buy a house together. That's apparently becoming a thing. I don't know if I like it, but we'll talk about it, especially when you're doing it a bit early. And then we've got a couple other stories that we'll get into why your bills, utility bills, are out of control. It's not just the Arctic blast or AI. And one in five Americans can't afford their heating bills this winter as people are blindsided by utility cause. I got a couple of other stories here if we'll get a chance to get into it. Apparently there's a new competitor to TikTok that just came out that everybody is talking about. It's number one right now on apps ahead of everybody. Everyone's downloading it because they're worried what's going to happen with TikTok.

We'll address that as well. This morning we were trying to get a couple handles. Apparently those handles are taken. So we'll see what to happen with that. Having said that, folks, once a year we host an event called the Sales Leadership Summit. that event is coming up in the next two months. It'll be in South Florida at Trump Dorrell. And it's for those of you that run a business

because sales is king, most people don't understand the power of developing sales leaders that develop sales people. This video will break down what's happening at SLS and hopefully those are you guys that are doing a million plus, you'll get a chance to get a ticket for yourself. Go ahead, Rob, play the clip. So many years ago, I realized the size of your income,

your network, your lifestyle is a pure refus. of the size of problems you solved. So for me, going back 20-some years ago, I was a good salesperson. I learned how to sell. I knew if I ran three, four appointments a day, I could sell two, four, six, maybe eight insurance policies on a given day.

Then I asked myself, how do I sell 50 in a day? How do I sell 100 in a day? There's no way I can do it by myself. I had to solve a big problem and go from being a salesperson to be in a sales leader. By the way, it is very different being a salesperson than being a sales leader.

That's a massive problem to try to solve. What happened later on? I went from selling two to three policies a day personally to eventually we sold one million insurance policies with our company, and we sold that company for $250 million dollars three years ago licensing 60,000 insurance agents. We solved a massive problem, got paid massively. Let me bring you back to you. In America today, according to the Bureau of Labor Statistics, we have 13.4 million salespeople in America that go out selling every day working for commission. We have 132,000 VP of sales, according to LinkedIn, and we have roughly 8,000 chief sales officers in America. Now, when it comes down to putting the hat on of being a sales

leader, it's a very different accountability, tough conversations, challenging, transferring your knowledge on how to get referrals, how to follow up on leads, how to properly follow up or you don't offend the person, the script you use when you DM versus when you email, which is when you make a phone call, how to give better presentations, the types of phone calls to make, the types of contests to run, how to hold them accountable and drive them and not upset them and they still want to come. How do you steer competition? All of this are things companies that solve big problems that become multibillion-dollar companies

do. So once a year, I host a conference called a sales leadership summit. This happens once a year. To attend this, you need to do a minimum of a million dollars a year and have five salespeople that report to you. If you want to join us at this year's sales leadership summit, That happens in the March. We'll go through a 200-page manual together on how to go through A through Z of being a great sales leader.

Click on a link below. Fill out the information. One of our representatives from the David Consulting will reach out to you and tell you more about the sales leadership summit. Rob, what is the website to go to this? Do we have it in the link? We do. It's in the description. It's also in a pin to the chat.

Can you click on a link just to see what it looks like so everybody sees it? So go. If that's you, click on a link. We'll spend two days together at Trump Doral. We go through A through Z, and it's a great place to network with other performers that are also doing well. There you have it. So what's the website call, Rob? SLS.bedavid Consulting.com.

Beautiful. All right, fantastic. Having said that, let's get right into it. Brad, I would like to start off with this story first. And, Rob, if you want to pull up this tweet, Jennifer Say, so I see this tweet from Tom. Tom puts it up. I take a look at it. And I say, I think we need to read this on the podcast.

on Business Wednesday, and let's process it together, and let's see how the audience also reacts to this. So Jennifer Say says, when I became the CMO of Levi's, at about two months in, I had some mid-level know-it-all, come into my office, tell me everyone hated me. I was steering the ship into oblivion. She told me everyone knew I was doing a terrible job.

The brand had been in decline for over 10 years. When I had done in my first two months, says, no one could go on trips. This is what she said. say no one could go on trips anymore unless they had a roll out the photo shoot or event. No more boondoggles. So this is like we're just going to hang out and nothing happens. No drinking at events or concerts.

We were hosting. We were there to work, not party. Says marketing needs to feature actual, actual product in the ads. Say we needed to move away from dark and moody and into the realm of fun because people have fun in jeans. awful right she wanted me to know she said she was trying to help she put her feet on my desk while saying this needless to say this was not a person who was very good at her job and i wasn't doing mine to be like so i didn't care if everybody hated me i was trying to turn a business around that had been fallen flailing i took the responsibility seriously six years later we had a very successful

IPO two years after that i became the brand president these people complaining about a new leadership are lame. They always do it. They want it how it was, even if how it was wasn't working, and it was even lamer. It's lamer that Variety writes about it. She's talking about Barry Wise. So, Brad, has this ever happened to you where you're in a leadership situation? You come and you're trying to change things around. And somebody sits there and tells you, Brad, you have no clue what you're doing. This is not the right way to do it. Your team doesn't like you. You got to change. You got to listen to me, Brad. I know what's good for you. How do you handle it if this has ever happened to you before? Well, I mean,

It has happened, most definitely. The way I handled it was to just ultimately get rid of the individual because that's a clear indication that you've got an enemy within the ranks, especially if they're putting their feet on the desk. Like, that's just straight disrespect. And again, I think if you have confidence in where you're going, you know, you just keep pressing forward. Distractions are inevitable, but I just eliminate the noise.

Immediately. Immediately. So you're not even giving this person a second chance? if they were the one that knew everything, they'd be in the seat I'm in. Okay, fair enough. Tom, where are you at with this? Well, I agree with that and more. I love the fact that Jennifer Say went out to say this and to encourage people that are coming into a business to turn it around. And the fact that the business was flailing and not doing well means people weren't doing their jobs.

And then this person puts their feet up on my desk to tell me about this and to completely assure any modicum of respect for what my role is there, that's three strikes. You don't leave my office with a job. I would just say, respectfully, this place hasn't been working. You were part of it. I love the fact you're putting your feet up on my desk and you're trying to tell me how to do it. I'm going to save several steps here. You are an at-will employee in this country. And guess what? I am relieving you of the terrible obligation to get up and be to work on time. It stops here. I'm serious. I would conduct a smooth, elegant departure discussion at that moment. Jennifer say coming out and talking about this, this is bold. And Jennifer, Jennifer's a liberal. She's a self-identified liberal, but she's a leader

talking about doing the right things of leader. You don't have to agree politically of people and people to do the right thing and to drive your organization. I think conservative values help. I think adherence to capitalism helps, but you don't have to be all that. Look at what she did. I love this and I applaud it. By the way, you know what she did. She started a brand called XXXY, which they run. Married, husband, four kids. Used to be a great gymnast herself in a past champion, broke her legs,

some very difficult videos of when you watch it, how she injured herself. Her dream was to go be a gymnast going to the Olympics. But you know what this reminds me of, Tom? Here's what it reminds me of. It reminds me of a few different stories. And that's why I was, you know, when you are building a business, The other day a guy sends me in Manette and he says, hey, my boss is telling me if you think you can do it better, go do it better.

But you would do in a better position at the job that you have right now. And if you stick around here long enough, eventually you may have, he's been with the company for 10 years, no equity, no profit sharing, no L-Tip, nothing. And he's kind of upset. And he says, what do you think? Do you think I should go start something or stay here? I said, let me tell you how to market works. The market is brutal. The market will tell you who is right and who is wrong.

If you want to be right, go prove it. But maybe he's right. Maybe you're right. But someone's going to be right and someone's going to be wrong. Years ago, when I was becoming a broker, this is, I'll give you the exact month. It's December of 2003. I become a broker and one of my guys that was one of my best guys, he has a choice to stay with me or he has a choice to go work with somebody else. That was the exchange when he become a broker.

His name is James. Good looking South African guy, prospect him and his wife at Universal Studios while they were making out in the elevator, nonstop. They're kissing. And I'm with my girl at the time. I'm like, they're kissing for 30 seconds where it's getting a little bit uncomfortable. You know, Brad, when somebody does that in front, you're like, can you kiss for a second, maybe three seconds? 30 seconds, macking, right? I said, are you guys okay?

I said, what's up with you? We just got married tonight. I said, you guys just got, what are you doing at Universal Studios? Well, we just, you know, we kind of did it. We didn't tell the family. I said, okay, I recruit the guys, a future commodity broker. He comes in. I'm a greenie getting into the insurance space.

And he says to me when I got promoted, Patrick, let's face it, we both know her and I are going to be way more successful than you in this business. We help you become a broker, but there's no way we want to work with you. We're going to go work with this other lady named Jamie. And I said, okay, listen, it's your choice. I can't do nothing about it. Tom, this is December of 03. How old am I? I'm 25 years old. I'm looking at this guy telling myself, this mother, you know, I'm just going off of my mind. I said, okay, but there's a part of me in my mind. Guess what it's saying? Saying maybe he's right. What if he's right? What if this is going to happen? And guess what happened? Three years later in the market, you know, it was not even a conversation. I don't know where he's at. I think he's in Vegas right now. Sweetheart of a guy. I love to. guy was a great guy to hang out around. But Jennifer had to go and prove the fact that I'm the

right leader for this company. If she didn't, the other person is right. So good for Jennifer for doing that. Sometimes as a leader, you have to make tough decisions, even though your team may not support it in the short term, but midterm, long term, you're going to earn a lot of moral authority and respect. If you end up proving your philosophy's right, that's exactly what she did. And I'm proud of this story. I wanted to share with them. Brad, do you want to add anything to it? I want to know what happened? What'd she do? Is the person fired him right off the bat? Perfect. Yeah, she fired him right off the bat. And obviously, she wasn't there longer. And now, you know, she ended up- She became President of Levi's. Yeah, that's pretty big. Now, question, like,

to slightly play devil's advocate, where's the line between giving feedback and being, I know, there's disrespectful things in there, but, you know, you're not saying that you're, like, just straight up against feedback and, you know, pointing out blind spots, right? Let me give you an example, because you're a national security guy with politics. Right. gets in first term, everybody tells them, listen, this isn't New York. Remember when he first got in? Yeah.

This ain't New York. Let us tell you how it works. Here's how we do things. And he's sitting there saying, you're part of the problem. You are the establishment. You want me to listen to you? You're out of your flipping mind. And that's the fight with the people that are part of the country club mentality that

this is what we do. And I got the car. Don't ruin our lives because we get to take advantage of all this other. They said, no, no, no, no, no. I'm here. We're changing the rules. And obviously, there was a massive disruption. But be respectful.

If somebody wants to give an idea to us, you give me ideas all the time. We sit down. We have conversations. If you're respectful, they'll entertain it. Putting your feet up and saying nobody likes you and all this other stuff. You better be right about what you're talking about. Let me get to the next story here. This is another guy that thinks everybody likes them.

But unfortunately, he lacks in leadership. He does run one the biggest companies in the world. This company is not called. Invidia. This company's not called Apple. It's not called Google. This company's called California. And his name is Gavin Newsom. And his state's got kind of a lot of problems. Rob, is that a clip of what's going on in California? Yes, sir. It's so bad folks that the president tweeted something that we have to address today on the podcast. Rob, go on and play the clip. Go for it. President Trump has signed an executive order which the White House claims will speed up rebuilding after the wildfire disaster.

The order aims to allow residents who are using federal emergency funds to rebuild to bypass the local permitting process. California officials are expected to challenge the order. Governor Gavin Newsom responded on X, asking the federal government to send funds to rebuild, not take over the permitting process. L.A. County supervisor, Catherine Barger, issued a statement saying she welcomes any effort

to responsibly accelerate rebuilding. She says L.A. County already has a self-certification process and a streamlined approval process for modular factory-built homes and pre-approved plans. Ellie Mayor Karen Bass called the executive order, quote, a meaningless political stunt. She sent us a statement that reads in part. The president has no authority over the local permitting process,

but where he could actually be helpful is by providing the critical FEMA funding we have been asking for by speeding up FEMA reimbursements and by regulating the industries that he alone can impact. Why give money to an organization that is a cluster, you know what? Why give money to somebody like you? Brad, did you ever live in California or no? Once, yes. Okay, and so I'll read this to you what happened. So he's taken over in the area of the rebuilds, okay?

Newsom has failed and Trump is saving the people. Only 2,500 homes have received permits of the fires. That's 13%. Less than 10 homes have been rebuilt. He's coming and saying, we'll accelerate the permitting process. If they do that, and I'll ask an open-ended question, And one, how do you think Newsom handled the fires and, you know, the rest of the bass and others handle the fires? And what do you think about the story with Trump taking over?

Well, I think someone needs to. It's clearly evidence of local government failing. You ask me? Which is obvious. And I think everyone knows it. But ultimately, you know, I think where's the money coming from? Like, where's the insurance liability, insurance companies participation? Why are people being screwed, basically?

And then holding back permits, that's just bureaucracy. That's just stupidity. I think I'm glad Trump's doing it. And someone needs to do something with California because that's one of the, I mean, as far as weather and, you know, environment, it's just an unbelievable place to live. And they're just literally ruining it. Where'd you live in California? Well, when I was there, I was in Recita.

Really? Yeah. Like Seasun, Northridge. Northridge, Chatsworth. Oh, wow. Right around there. What business were you in Chatsworth? Because Chatsworth was famous for some unique industries back in the days.

What was it? What was it? Chatsworth at one point. It wasn't that. What year were you in Chatsworth? You're thinking, you say in porn? But it was at one point. I don't know if you knew this.

I was the manager of Bally total fitness and Chatsworth. And all our members were part of that space. But Tom went to C-Sund, which is in Recita. So we have something in common. We all live in the same area. What year was this when you lived there, by the way? Oh, man. It's probably 89.

89. Yeah, I was, I went down there to, I got a part in a movie and thought I was going to be a movie star. So I went down there and ended up ultimately homeless on a beach. And so the way you get off the beach is you find a girl that doesn't, that's not homeless. So I ended up moving over there because that's where she lived and she allowed me to. And Rosita? Yeah. Got it.

And she allowed me to stay there. So I just went wherever I was welcome. Tom, your thoughts with what's going on in California? This is like a Tom Petty song. She was a good girl living in Reseda. Yeah. My thoughts on it, as somebody has to... By the way, Brad, just so you know, Tom's trying to be a comedian.

No, I wasn't. It succeeds 10% of the time. I just want you to be... Because the audience already knows it, but he's really trying to do it. Working on a stand-up game. If you look up the earthquake, that happened there. I was there when that happened.

94? Whatever year that was. 89. Whittier and Arrows, yep. Was it 89? Man, I'm pretty good at recalling then because I just guessed. 89, Tom? Is that the big one?

Because the big one was 94, no? Yep, 89. Oh, you're talking about the San Francisco. No, I'm talking about the one in Northridge. And it, like, because I was there, it threw me out of the bed. Yeah. Literally, I was in bed. And that was 94.

94. And it just, the earth shifts. So violently. 45 seconds it lasted. I ended up on my ass. Damn. Tom, California. What are you thinking?

You had many people in the same position. California, I think the president's doing the right thing. He's got to unclog the cork because we've talked about it. Adam Carolla has talked about it. Adam Carolla was on this podcast talking about it about what's going on, how they're holding it up. Malibu, they need to be honest about it. The Malibu homes that are on the beach right below Pacific Palisades, the coastal

Commission is trying to prevent that they were ever be rebuilt. Adam Carolla's called it out, I call it out. Then up in the area, which was a neighborhood, and by the way, you could debate the beach, you could, the city could debate, but they're trying to take those Malibu homes away and prevent anything from being built there using the authority of the coastal commission. Up in Pacific Palace Age, you just saw the video that we showed. There's cleared areas. There's old foundations just sitting there and people waiting to get rebuilt. But the permitting process is taking forever. It's the bureaucracy of downtown.

And they are hoping for defaults so that developers favorable to the city can buy tracks of it and they want to put affordable housing up. Let me translate that. They want to put apartment buildings up because they feel like they need more units for, oh, oh, here it comes, homeless. So these agendas coming from the city. So there's the bureaucracy and agendas coming from the city. and what happens is just like when that young man did a simple video in Minnesota

and exposed all the fraud that was going on there that triggered a lot of the mayhem. Guess what? The president, by unclogging this, is about to expose agendas by the Coastal Commission. What do you think he's going to do, though? What do you think he's going to do? You think it's going to be like permitting the way he said, I'm going to give nuclear permit site within three weeks? You think it's going to be that fast?

Two things. He has the power of the person. because California is a consumer, not a contributor of dollars on the federal stage. California consumes a lot of dollars now. Their Medicaid is bankrupt. They bankrupted hospitals. They need federal money and grants flowing to them. That's why Karen Bass, the mayor, says, no, no, why don't you send the money through FEMA?

But in FEMA, they list where the people, they list the organizations in FEMA. There's a bunch of NGOs that have nothing to do with the fire area, that have everything to do with downtown L.L. and, you know, more money going to not solve the homeless situation. So what the president can do is by holding up money and pushing this way, say, I'm going to do it, he's about to shine a spotlight on it because he can hold back funds to California if they don't cooperate with the order. You have no authority here. Okay, so you're saying you're not going to cooperate with it? We're not going to do that.

You don't take us to court. Okay, well, let's do this. Turn off the valve. Turn off the money. Hold things back. And that's exactly what's about to happen. I'm tweeting about it last night. There's a lot of people that are cheering this saying this is the pressure that the,

that the president can bring on this. Brandon. Yeah, I was going to say the exact same thing in part. So it's 33% of California's budget that comes from the federal budget. So yeah, he's got the ultimate lever here to put pressure on them. And I mean, this is like, my God, this is just layers and layers of helplessness and problems for the people there. I mean, the people who are trying to rebuild and can't get a permit or people who

could afford a rebuild. I mean, it's already, what, 800,000. on average for a house in California. So those are probably $2 million homes. A huge percentage of them weren't even covered by insurance because their insurance got pulled or retroactively said they weren't going to cover it. So, you know, just getting the permit to build the thing is probably for a small portion of people. A lot of people can't even probably probably probably rebuild it if they did get the permit. So, you know, the fact that they're making it this difficult for them, I think that is a screaming verification that there is something weird here where there's an agenda to build something different, make it fundamentally different than was before because there's a residential thing before. now they're probably trying to make it like some Section 8 type of situation. So, yeah, I think the lever here for him is to cut off that 33% of their money that comes from the federal budget because it's a disaster state. What happens if he succeeds? What happens if he succeeds? What happens if he pulls it off?

What happens if all of a sudden Californians are like, oh, I got my permit within two weeks. I got my permit within 30 days. Now that the president took over, I got my Fair Act money that came through. It was much faster. I got this. what happens if those things expedite? 5% shift in California popularity or approval. Yeah, that's it though.

I think so many people are so blindly against them that it wouldn't move the needle that much. But I think more California people like him than we know of. I think their voting is very... Brad, what do you think would happen? I would agree. I mean, you know, people are just going to realize

that a lot of the excuses, you know, were bureaucracy. And so they're going to lose trust in the... In the state of California, the politics? Yeah, but I think it's happening anyway. You know, I think, again, there's more, like he said, there's more people that are not pleased with the local government than they let on. But it also said something about manufactured homes

and modular homes. There's expediting for those. Like, you're going to replace the homes that were there with mobile homes. That's embarrassing. That's right. That's ridiculous. Again, these are 20, 30 million out of homes.

Who's running the place? And when you say, well, these guys, who is allowing it? Yeah. Makes no sense. Tom. I think what happens here is California will do everything they can to not let this be successful because the price of this being successful is massive.

You know, five points. What was the, Rob, what was the actual margin of victory for California as a whole in the presidential election? And if this moves five or seven points led by the Central Valley, led by northern San Diego, led by Orange County, which, by the way, the people of color in the areas that I've mentioned are the ones that are flipping. There's not suddenly more white farmers in Central California. It's his second and third generation Hispanics that are like, hey, wait a minute, what's going on here? You know, it was 58, 58, 38. That goes 53, 43. Suddenly that becomes 10 points.

It goes from a 22-point member, because the percentage points come off each end. becomes a 10-point swing, California, that once upon a time was completely in play. And you're looking at maybe congressional traction in San Diego. Congressional traction? Well, maybe traction. It's 48 to 4, Tom, after gerrymandering is up. Exactly. How do you compete with 48 to 4?

You're not going to win it. But this is going to move. It's like one click back. If he succeeds. They can't let him succeed because it costs. It causes independence to say, now, wait a minute, this guy got it done, and I really didn't like him, but this guy didn't. And I was only, why again did I vote for Gavin Newsom? There are independents and reflect.

Other people will just never move off. This is embarrassing, by the way. This is, and by the way, can you pull the Chmott tweet back up, Rob, please? This was Chmots. We knew something in California. Keep endlessly raising taxes and then wasted to their cronies at no point that they think to actually spend even a few cents. of more than $350 billion a year on filling the water tank. And then?

Then comes the Palisades firing, guess what? The insurance companies are now suing the government of California because they think California should pay, not them. If you were then, wouldn't you do the same? This is the price of incompetence and larceny by our government representatives in California. When will enough be enough? It's logic.

So if somebody reads this, what's the first thing you say? I don't see emotion. I see logic. Go ahead and argue it. the picture of the lawsuit. Look at the list on the left. Those are the insurance companies, Pat. Can you zoom in a little bit to see who they are?

Orion. Company California, General Underwriting Insurance Company, Mercury. Okay, that's a big one right there. Fortega. Okay, Summit, insurance, mutual insurance company, Ace Kim. Where's Chuck? Chubb? Line 19. Banker Standards Insurance Company,

Chub. Okay, Chubb is, I got a personal relationship with those guys. Lloyd's. Lloyd's of London. Where do you see Lloyd's of London? Lower? Yeah, Lloyd's Insurance. company. Where is that coming from? All the way on the other side. That's coming from all of the big money houses are backed by Chubb and Lloyds. Yeah. So these are not small companies that are suing them. The entire state. So you're losing insurance companies. You're losing people. You're losing

creatives. You're losing innovators. You're losing investors. You're losing two guys that just built a $4 trillion company out of California that moved to the great state of Florida. You're losing all these guys what's the argument what's the argument with what's happening i mean the idea is to bring families that just want to build businesses buy properties take care of their kids and you're not creating a climate like that because now if i'm buying a house i have to be worried if i can even get homeowner's insurance watch this story that came out on insurance so a story came out talking about Where's the one with California insurance? Okay, I'll skip that one.

I'll go. I'll come back to it. Why your utility bills are out of control. It's not just the Arctic blast. One in five Americans can't afford their heating bills this winter as people are blindsided by utility costs. When I find that California story, I'll go back to it. So let me read this to you. I'll read both of them because they kind of go hand in hand.

And then Brandon and Tom, I'm coming to you with this. Energy costs are surging nationwide and out-tripping overall inflation. Last year, consumer prices rose 2.7%. Electricity costs went 6.7%. The primary heating source in the Northeast was up 7.4% and gas spiked 10.8%. Why? Aging infrastructure, many of the components that go into delivering power were built more than 50 years ago and are nearing the end of their natural life, the cost of replacing an up.

updating technology like wires, poles, transformers, and towers ultimately end up being passed onto consumers. Battle Group, a consultancy that worked with Lawrence Berkeley National Laboratory last year to identify factors influencing retail electricity prices, estimates that spending on aging power transmission infrastructure has top $10 billion. And it goes into explaining a couple different things. One of them is climate change they talk about. The other one is natural gas price swings.

and in data center demand. And the last one talking about one in five Americans can afford their heating bills because of what's going on. Over 200 million people in America were hit by the storm that came in, snow and the rain in Arctic. The winter gas electric bills in these region could climb by 10% or more over last year, according to national energy. Winter bills for electricity heated homes will exceed $1,000 across the country.

So I can go on really. these other numbers that they have here. Brandon, why do you think this is happening? Yeah, so things are a little bit different in the Northeast. And I was talking to my parents about this because, you know, they live in the Northeast. And it's 80% of all the homes are heated by oil, as it mentioned there, are in the Northeast. So very different than the rest of the country. And what's happening right now is that since it's like it's been 10 to zero degrees there for the past month or so.

So, for example, most houses will have a 300-gallon heating. tank and oil is about $3.65 a barrel, or excuse me, a gallon. And for example, you got to fill the thing up like once every two weeks or every three weeks. So it's like $2,000 a month right now for my parents' home to fill the heating tank. And like you really don't have a choice. Two thousand dollars a month. Yeah. What was it before? And it's like half of that when it's, um, it's less cold. You know, it's normally like around 30 degrees there or so, but there's been a cold streak. So, um, part of it's like the aging infrastructure. Yeah, sure. Part of it's, um, just a bad stretch of cold weather. But it's fascinating to me how we spent a couple hundred billion dollars a year over the past couple years from this inflation reduction act, like where the states are cramming solar installations and wind turbines down people's throats, you know, giving you every incentive in the world to fortify that.

But, you know, like I said, a third of the entire region in the northeast is their heat comes from the oil tanks. So, you know, all that stuff's old. So why is the government like pushing these things down our throat? that aren't efficient ways to generate energy. They're like they're letting these aging things, these aging tanks be the main source that people have and a lot of people can't afford to fill their tank up twice a month. So it's it's funny where like the priorities go.

It's funny that like we spent all this good money after bad investments, but we're letting, you know, the vast majority of people literally can't heat their house right now. Like they're relying on like fireplaces or wood pellet stoves. Well, I find it very interesting that how Yahoo finance writes a story. Energy costs is something we need to talk about. Energy costs is something that needs to come down for Americans. The Yahoo finance story was quoting four different places last year, last year, last year, last year, last year. So it was talking about the last Biden winter. Isn't this interesting? And they're trying to lay this at the feed of Trump and data centers, although the article

goes on to say that there are more things, there's aging infrastructure and stuff. Well, this is true. And this is why one of the first things that the president said, and we were at the inauguration, and he got huge applause. What did he says? And as for energy, drill, baby drill. And so he's trying to, look what he's done with Venezuela. Look what he's done with permitting permits. There we go. For additional drilling in the Gulf of America and in a Permian basin and places everywhere except California that has been forcing oil-producing companies out of the state through regulation.

This is where the president can have traction on getting heating oil costs down this winter. And then he's already said to Microsoft and he negotiated with them and said, hey, look, if you're building a data center, you cannot dump that increase in costs onto the consumer. So he's already aware of it and already drawing a line on it. So we need help for the people that live in the Northeast. We need the power companies and we need the supply of oil that come up. And the barrel costs to come down a little bit of those people with stock and Chevron and Exxon on the exploration side will disagree with that. But that's what we need because that will help. But this article has a lot of stats from last year.

And there is a reduction in heating oil cost this year. Is it huge? I want to see a direct comparison. And by the way, while that's happening, you see reports at some places gas prices are hitting a buck 99 in the states. Some places, definitely not in California, but some places, Californians may need to drive 800 miles to get it for buck 99 and then come back to California to save some money on that gas because where the prices are at. But it's a nice drive.

Yeah, Brad, I'm going to get to this next story. I'm going to come to you with this because, you know, you hear stories right now with UPS cutting 30,000 jobs in sweeping cost savings push. Okay, so this is UPS. Bloomberg story came out yesterday, Rob. I don't know if you got a clip on this. Go forward. P.S. announced it's slashing an additional 30,000 jobs on top of the 48,000 jobs it cut last year. The new cuts are all operational positions, including drivers, according to the company,

part of a massive restructuring, winding down a partnership with Amazon and turning toward automation. You hear that word. In the same announcement about the job losses, the company reported that fourth quarter profits had jumped to nearly $1.8 billion, beating Wall Street expectations. How many of these jobs that were fired were union, Rob? Do we know? Is that 100% of them? Let me take a look.

And what is the process when you fire union employees? What happens there? Is there a different severance you have to follow? Is there a different guideline you have to follow? I'm curious, while you're looking that up. Brad, for yourself, some of the people right now are worried. You know, am I going to get replaced by AI? Are these companies going to AI?

should I be worried about what's going to happen in my job? You know, and these are average people that are making maybe $80,000 to $130,000, $140,000. UPS has got jobs right now paying $150,000 a year, I think. After the recent raise they asked for with Union, what would you share with them? Some of these people that are worried about what AI is going to do. Well, I would say I wouldn't worry about getting replaced by AI. I would be worried about getting replaced by someone that's leveraging AI. You know, I think these 30,000 jobs that are being cut,

is really just an investment in UPS future. You know, AI is definitely going to make an impact. And if someone is not aware of that, they need to get aware real quick because it's crazy. So I think, again, UPS is looking at the numbers and realizing it's all about profit at the end of the day. I don't think that's a sign of decline. I think that's a sign of, you know,

the facts and the bottom line is starting to, you know, shape up to where AI is just going to take out a lot of these jobs. What should they do? These are regular guys that got jobs. They're not business owners. I think they need to embrace AI. Well, they need to become sales. One thing I learned, if you want to be financially successful, you need to get in the position to receive commission one way or the other, whether it's a salesperson or an entrepreneur. But to sit back and think that you're just going to rely on how it's been, things are change in. And I think people need to take it seriously. Leverage AI. Learn to train it. Learn to

leverage it. You know, where's that 30,000 cut going? You know, it's being invested in the future. So become the future. Is there a unique app you use? Because the average person, they think AI, open AI, a couple of these things that they think about, what is the most, your favorite AI app you're currently using? Well, we use a couple of different language models. models just depends on what we're doing. I think they all have their own talent. I think the best is to pick a language model and then create your own off of it. Off a language model. Yeah. I mean, you know, just real quick on my phone. I'm with ChatGPT to do some of the copywriting things that we've embedded into Lightspeed. We use Claude more. But again, I mean, I think it's all embryonic at this point. It's making some serious serious changes. And I think anyone that used to get paid for this is about to wake up to an ugly future. Because again, I can drop a book. I can drop your book into my training system. And it will

create a Harvard level, instructionally designed course based on your book. And I don't even have to pay you. Isn't that amazing? Because I bought your book. That's the knowledge that I, that is unbelievable. That I purchased. Yeah. Tom, where are you out with this $30,000? Well, what's interesting is UPS is saying that it's cutting the jobs. And the CFO was on a conference call and identified that a good number of the jobs are coming to attrition. In other words, when people resign or retire, they're not replacing those particular jobs as they consolidate responsibilities. Number one. Number two, they had voluntary separation packages in areas where they had overhired during COVID. Remember during COVID, nobody drove to Costco to pick up

stuff. Nobody went to Target. Those were all being delivered by UPS. Remember that big boxes of stuff? And so UPS radically expanded. And if you were working for UPS and you were delivering, you were getting overtime hours, you were getting extra shifts on weekends if you wanted them, and they were hiring more people in sorting facilities and in the small vehicle deliveries because not everything is a giant brown truck for UPS. Well, all of that happened then, Pat, and then it's all come back down to earth as over the last three years, people are back to driving their SUV to Costco and picking the stuff up themselves. So they said this is where that their reduction is going. But they also came back and announced that they were more profitable. So for people to have a 401k, a UPS, there's

UPS stock in the 401K. Not only is that smart for the business, they're helping the people that are staying there. Your point, investing in the people is dead on because they're helping people go, wait a minute. Our, hey, our stock is up. So it's in our, it's in our 401K, right? Yeah. Well, that's good for us for all the people that are there. So this is just the way that the, that the market breathes, inhales and exhales. And this is an adjustment by UPS. It's a sign of a well-run company. The headlines from the liberals like to be, oh, look at their cutting jobs. I look at it and I say, look at they've done for the half a million people that are still there. They're running a good company that's providing those people great jobs.

Brandon, because you have a very different angle on why this is happening. Yeah, I mean, I think you know where I'm going to go. I'm going to go to the unions. I mean, I think that whether it's unions or whether it's minimum wage requirements, I think that's the main cause of less jobs being available to people. Like, is it really a $170,000 job the value that they're providing? Probably not, but the unions had to force their way, and they demanded that. And I even saw crazier numbers than that.

So I think it's partially that. It's partially AI. But looking at this in a way of panic, I think, it's a glass half empty mindset. I think there's so many opportunities with AI and especially with just like the data centers being built alone. Like a lot of people who have gotten wealthy, I've noticed like they just go in the direction the government's going in terms of like where the money's flow. And like a lot of people made money in real estate when the government was incentivizing people to build houses during the World War II time period. A lot of people

made money when defense contractors were, you know, going crazy during World War II. But right now, data centers are the money's being poured into that the way it was during like, the World War II or the dot-com bubble. So, like, think of all the inputs, like the small little things that you could attach yourself to that go into building a data center. There's like probably a couple thousand different inputs. It's like the simplest things that go into a data center, like the wiring, you know, the H-FAC, the raised-up floors, every little piece of the infrastructure. You could attach yourself to that.

And I was looking last night, it said that vendors that involve themselves in that. Even if it's something like putting out SOPs for data centers, they could have a 10 to 14 times multiple just for having that. system in place where they could set up a certain aspect of a data center. So that's where, I think that's where people's mind should be, like, where the money's flowing rather than the scarcity mindset of, oh my God, all the jobs are going to be gone. Like the cycles happened over and over again where half the jobs get wiped out by new technology and then a bunch of new jobs that we never thought of appear. Yeah, I mean, if you force a company to pay $170,000 for drivers, okay, and you have to do it. I'm just,

looking it up right now and how it is to fire union and non-union. You know what it says? It's companies like UPS when it comes out to firing people. They typically go to non-union because it's easier to cut with non-union than union. Union makes it difficult to cut them because there's all this red tape. You have to go through this process, that process, non-union, you can just be like, nope, we're moving on union, you can't. That's obviously not a good thing when you have the control. But the more and more and more companies push to force certain things happen under union, more of these companies are going to sit there and say,

all right, let's double down on AI even more. Let's double down on AI even more. And then a person that used to have a regular job, they're sitting there saying, wait a minute, I don't want to leave this company. You don't have a choice. We got AI to do your job now. And, you know, you were so difficult with us

for wanting to be part of union. We appreciate the fact that you challenged us. We took your challenge and we now got AI that does your job even better than you. Thank you for that challenge. We're so grateful for you, Brad. that you got us to take AI seriously. Without you, life wouldn't be the same.

You're amazing. We love you, Bradley. That was a quick shout out to Brad. All right, so let's get to the next story here on how this works, because I don't think we're going to see this is going to be end of these stories we're hearing about Union. Let's talk about Co-buying to see if you guys think this is a good idea or not. Co-bying is rewriting, home ownership and romance is no longer required.

What is this coal-bying stuff? Is it like cohabitating? Is that what that is? What is this co-buying stuff? Co-buying homes, potonically. That's a trend emerging among homeowners today. Kate Wood, a lending expert, told Fox Digital that co-buying is attractive because housing is incredibly expensive in U.S.

Wood said people are co-buying homes with friends and family members. What we're seeing rising now is co-buying between friends or people who are family members, but basically buying home with someone that you're in a non-romantic relationship with. According to the National Association of Realtors, 2025 profile, first-time homebuyers consisted of 25% single women, 10% single men, interesting. While the share of married couples remain flat at 50% from data collected from July 24 to June of 2025, in comparison among all homebuyers, 61% are married couples, 21% are single women, 9% are single women, 9% are

single men. NAR also shared that the median age for buying a home for the first time rose from 38 in 2024 to 40. Wow. Additionally, purchases made by first time homeowners made up 21% of all buyers in 2025. Christina Modaris, a co-bine strategist, shared her experience in co-bine with friends and family and one romantic partner. I try to buy a house when I was 23. I don't know why I thought I could do it on my own. She told Fox, I was just like, yeah, like I'm living with my five roommates. Like, I can do this. I love the fact that they're adding the like in it. I can do this. And then looking into it, I couldn't get a proof or mortgage. So I asked a friend and he was like, yeah, I'll buy a house with you. So that's how I kind of got into it. Brad, good idea or bad idea to go by?

I think it's irrelevant as far as, you know, how you do it, as long as that you do it. you know, if I can't afford it on my own, well, then partner up, leverage another relationship, regardless of it's romantic or not. Just get it done. You're for it. Absolutely. Like, get it done. I think the result far outweighs the way in which you do it. How old were you first time you bought a house? 24. 24 years old. So that recito girl really took care of you. Yeah, no, I mean, she gave me a little bit of a of a launch pad. Yes, she did. And that 24, you bought a house. What? was it just a little you know almost track home Las Vegas Nevada what'd you pay for about a hundred and eighty nine thousand really and then uh very short shortly thereafter

ended up selling it uh or basically my wife did my ex-wife she took it she took it yeah that's qualified as a sale yes but uh but again when it comes to purchasing a home I think it's the American dream I think everyone should do it, I don't see real estate being a bad investment. And if you need to go in with a buddy or a friend or, you know, even four, just get it done. I think it's a good thing. Tom, tell me you have a different position because I want to see a debate on this. Do you have a, do you have a, do either one of you guys have a different? Okay, Brandon does. Tom, your thoughts. Well, I agree with the concept of buying and creating stability because that creates commitment.

If two people buy, then it creates commitment. If one of them is an idiot, that's going to create incredible stress. And I think that the downside of this is they will end up selling it probably at the wrong time because someone's going to get married, someone's going to get a job somewhere else, someone needs to get out of it, and then both of them are going to end up having to sell it. So I see the benefit in the beginning because they're not renting now. You're both paying into this, and it brings commitment and stability, hopefully to those individuals that do it, because they're tied to the insurance, once a year of the homeowners, property taxes and things

like that. But I see a downside because they're not going to be synchronized when somebody gets married, somebody doesn't get married, somebody gets a job that moves them. So would you do it? Would you do it? No. In your 20s, would you call by? Probably not.

Would you recommend your girls to do it? No. Okay, so you say look how firm you want to know, as opposed to just not owning? You'd rather they throw away their money? That's a great point. I wouldn't want my girls to be in a perpetual situation that they are not optimized financially. But I can't just do it for them. I can't write checks for them.

And so would I encourage my daughters to do it together if they were in the same city and her careers going the same way? I wouldn't stop them from doing it, but I would really lay it out. Okay, when do you guys have to liquidate? when do you guys do you think this is going to break out? I'd say you really got to think about who you're in with and what their lifetimeing is and your lifetimeing. But I think this is, that part is.

Where are you up, Brian? Well, I just think there's an advantage in that situation because at some point, you know, you might be the one that benefits because someone's getting married and getting out. And when you have the leverage, because, you know, that's your, that's your responsibility. So you can buy the other half may be a little cheaper.

I got the opportunity. Now, if I also, you know, I could end up in that situation where I'm getting married. Now I've got to give you the leverage. But I think that's a future positive for someone. Okay, Brandon. Yeah, sure. You could say with the circumstances we're in,

it's strategic if you match up with a family member and buy it and rent out to somebody. Yeah, sure, we live within the conditions that we have. But this is the absolute downfall of society. I mean, this is the first time in probably 100 years that we have a worse standard of living than our generation before us. Like we didn't hear our parents or grandparents talking about having to co-habitate and co-buy house together. Like when I'm looking on Zillow, I'll see a house that's like, I'll be like, oh, wow, it's a nice house for $400,000. Oh, never mind.

It's a little slice of that house. You get this bedroom for 400,000. Then there's two other people in the bedroom in the middle and the bedroom on the far side of it. Seriously? Yeah, 100%. They're doing that too. And then there's a thing too where they sell off houses for, say, $400,000, but you get to live there from January through April. Then another person owns it from, you know, June.

Stop. That's called timeshare. Yeah. Well, yeah, that's a time share. But there is a principle that they're applying to houses like that right now. So they're applying that to like standard real estate, not just vacation places. Florida snowbirds. Yeah.

Yeah, but I mean, point being, downfall of society. I know Trump's trying to do a lot of things to. So for a guy that's 30 years old, you're not for it. No, I understand it. Would you go by with Humberto? Oberto says, let's go by. No. Okay.

It matters who. A family member or something. So here's what I think when I read this article. I think, first of all, this article is written by a realtor who's not selling enough properties. And it's just trying to get people to buy. It's like, listen, man, if you can't afford it, go get a friend. Like, remember back in the days when you wanted to buy a car? What would the car salesman say?

Dude, just go get your somebody to co-sign. That's right. Go get your dad to co-sign. My dad will kill me if I ask him. Does it your uncle love you? Yeah. Go, go, man. Go get your mom.

You know, just tell a mom I need it. Remember that scene from. a couple's retreat where he calls Vince. He's like, Vince, I got to, and not his name is something else. I got to buy this bike. I got to buy this bike, man. Jennifer left me. I'm really trying to impress this guy.

I need you to co-sign. And finally, Vince Vaughn kind of breaks and co-signs for the motorcycle for his friend. I don't know if you guys know the scene or not. But to me, I don't know. If I would have bought a property with some of the friends I had and all of a sudden, they're like, I went in a lease with a guy, office lease. he said it was Michael I'll keep it there

and three months into it he says he's sick so I sent a three-year lease at this place on Devonshire 15,600 Devinshire right off to four or five freeway three months that he goes to Costa Rico for nine months I'm stuck with the assistant and one of his guys whose mom's the assistant

every month I'm thinking she's collecting rent from everybody she's not collecting rent from her own son and I'm like how are you doing this to me And then they owed me $15,000, whatever. I'm like, this is not, the next office lease is that I'm not, you guys are not coming. You guys got to go get your own place. That to go to the old Agorahills office for a few months before they found office.

I said, nope, I'm going to find a way to pay this myself. And it created so many headaches. And there was, we opened up a checking account together. And because something happened with credit, even though we had a penny left in the account, I was on that credit. I'm like, no, no, no, no, no. We have to move on. So you have to pick people properly that you go into business.

with. And that part, if you're in a desperate, if I'm a salesperson, I'm a realtor, you know what I'm saying? What a wonderful. Everybody should do this. Everybody should do this. But if my kid comes and says, Dad, I want to buy a property with another guy. Like, buddy, I don't know what the other guy is doing. How stable is his income? How pick and choose before you go through it? You want to, I'll give you the final thoughts on this. Well, I would agree. The partner in which you pick is obviously important. But, you know, you buy a house can't afford it. What do you do? You run out of room. What's the difference? you have the single liability or joint liability.

But picking the right partner is always the key. By the way, you know what I'm more for? I'm more for buying a house yourself and having three, four other people rent with you. I'm more for that than I'm about buying with someone else because I can replace the renter fairly quick because college, campus, you know, stuff like college school. You've got kids are coming out,

hey, $600, $800, $1,200, and then you're covering it. I think that part could make sense when you build an equity, maybe not the other way around. Brad, question for you with some of the guys that are coming out of college, you know, a lot of young men look at your content as you're building. You know, what is your most basic tip for men today, specifically men today, to develop confidence so they win in their careers and they win with women? What would be some tips you would share with them, young men? Well, you know, there's always the cliche, do what you say you're going to do,

but ultimately I think confidence comes from the memory of winning. You know what I mean? If you win a lot at anything, you become more confident in that thing. So if you want to become more confident all around, you need to win more. And to win more, I think is easy because winning is a choice, really, isn't it? So you just set your bar lower as far as a wind goes. So like when I wake up in the morning, I brush my teeth, I'm celebrating like, man, that's a win. And for a lot of people out there, they should adopt that because I have people that, you know, come to me, ask me questions.

And when they're speaking to me, they apparently don't understand brushing their teeth. So little things that win all throughout the day, just start racking up the wins. You know what I mean? Step one, forgive yourself. A lot of people have past guilt. and shame and they just they just self-talked themselves into insecurity you know so so forgive yourself and then ultimately pick pick the right uh group you know if you're hanging around losers you're probably going to be one but if if there's one thing it would be stack up the wins just start

winning on a regular basis um and i think and i think you eventually start walking a little Anything with girls? Anything with girls? Girls, I think, at the end of the day, confidence goes a long way with girls. You know, figure out how to be a real man and not a beta. Don't try to split the bill. Don't lean on current belief systems. I would go traditional because most women, most women, they want a man that leads,

like, you know, what would be considered a man's man, a real man. not someone who who believes it's okay to split the bill like you don't split the bill gentlemen you you you lead you don't serve them you lead i think anyway and i've always done well so it seems to work for me you've always done well yes yeah okay so tom how about yourself because you know uh for you your your father's a rocket scientist you're brilliant you're smart you're always reading, knowledge, you know, your wiring is different. But guys, you have, I've been with Tom. Tom is very comfortable with women. He's happily married. Don't get me wrong. But you're not one that's don't shoot. Yeah, you're not one that's shy. You'll go up to anybody and everybody and talk to them.

What did you do? Your profile is a different profile than Brad, right? He wanted to go into Hollywood. You went to IBM, right? What would you say work for you as a man to win in business and with women? Well, I was very, very fortunate because I learned exactly the lesson the Brad's talking about. I had an internship when I was a senior in college getting a marketing degree. Cal State Northridge happened to be quantitative marketing. They focused not on the fuzzy part of marketing, but on the quantitative marketing. And they actually had B-to-B sales orientation to one marketing for business course. And I got an internship with IBM in sales.

and when I graduated, based on that internship and being a good guy and scared to death and just trying to impress people because damn it, I need a job tomorrow. When I graduate, I got a job in sales with IBM, went to IBM sales school. I was scared to death. I was literally insecure and scared to death in that class. There were people there with the gold cufflinks and everything that were coming from other companies to IBM. But whether you came out of college or you were coming to IBM with less than five years of sales experience, in the same class because they were going to teach you their way. I finished number one in the class by just paying attention and following instructions. And by the end of the class, I was ranked

number one. I surprised myself. But I sat and I said, I can hang with these people. These are people four and five years working for Xerox that want to work for IBM. I got the same job they did. I just finished it. And that gave me great confidence, but also the realization, getting commission for your hard work is a heck of a lot. way not to have to ask for a raise because arrays can be driven by me and how hard I want to work this quarter. You guys said the same thing within 30 minutes because he talked about commission and your time about commission. No, I agree with what he just said. Were you known as a sales guy in high school time? Because I know you ran a business as well, the surf force that you did.

I built it. I was known as a talker. I was known at times maybe being too much of a wise ass. No way. Yeah. I was known as being funny, but I wasn't the class clown that got like talking out of class and go to detention. But I was known as that. I was the curious talking, a bit of a wise ass guy, but what was very interesting, people would come to me and ask me about, like, getting jobs.

I remember. What was your play? What was your game with girls? Think when you're in your 20s, Tom. What was your play? Like when I was in college? Yeah. Compliment, encourage, and tell them how good they,

can be. I think, no, I don't see that. I think you're really, but I never, I never lied to them. I never went the player out where you lie to her to give her false confidence. So you would say you're fat, but your eyebrows are pretty. Is that kind of like, that's what you're saying? Like, at least you were honest. No, I didn't do that stuff. Oh, but you just say you don't lie though. I encouraged them. I would encourage people. It's cross on the line now, Tom. You do that nowadays. You could, you literally could get fired to the HR if you make a comment like that. Well, you just don't approach the fat ones. Right. Or if you want a shady. picnic invite Oprah but you know it's like well she's on gLP once right now so shout out to her

gLP ones and by the way just so you know tom it's not her fault she's fat is she still did she hear what she said in the interview i learned something very new that it's not my fault that i'm fat i would disagree of course i would disagree no it's a remote controlled chicken nuggets did you did you hear this or no go ahead rob can you please play this clip 28 second clip have you seen this watch this okay i'm gonna see his reaction All these years I thought I was overeating. I was standing there with all the food noise, what I ate, what I should eat, how many calories was that? How long was it going to take?

I thought that that was because of me and my fault. Now I understand that if you carry the obesity gene, if that is what you have, that is what makes you overeat. You don't overeat and become obese. Obesity causes you to overeat. Obesity causes you to have all of that food noise. food noise. And what the GLP-1s have done for me, and I know a number of other people, is to quiet that noise. Yeah, I call, I call it discipline. That quiets the noise as well. Yeah, that's ridiculous. You know, it shows that even billionaires aren't that bright in some cases.

Is it, is it that they're not bright or they have so many people telling them how amazing they are that they believe there's no way it's because of me I got fat? Well, is bright, but in that case, that is victim mentality. No question about it. I can lay my shame, my guilt of not having discipline. Because at the end of the day, all the GLP ones do is signal to the brain that you're not hungry. Well, again, that just removes the need for discipline because you're not hungry. Yeah. If you're not hungry, well, and you don't eat, it's the same thing. But when someone didn't have the GLP one released and they are hungry, you can still.

choose not to eat, period. So that, I can't even believe she said it. I mean, I respect Oprah from, for a lot of reasons. You can't call it. You can't call it genetic. Genetic is the permanence of the human body and you can't do it that. Just Google this America. Go, 1945. Show me pictures of crowds at baseball game. 1945, pictures of crowds at county fairs. 1945. Show me pictures of people walking up and down city streets. What a point. And tell me what you see in the crowds. Tell me with the how many, you know, obese people you see. They're not all

at home and find county fair, school graduation, any pictures you want from 1945. You know what I'm talking about? America was different. Our standards were different. Food was different. Yeah. That's the part as well. The gene in America and humans hasn't changed since 1945.

It's the food for sure. Yeah. Brandon, do you have anything to add to this? With you're 30 years old. So how's your game? I mean, things could always improve. I think pretty good, though. I definitely agree with the confidence things. I definitely, in terms of, like, success, you know, between, like, girls and success,

like, it's been choppy's upward trend, I think. I don't know where these guys are at, but, you know, it's striving to be. But I definitely think confidence in being certain about what you want to do and where you want to go in life. Don't let anybody throw you off of that. I think that that's a magnag poll to it. If you are, like, you know, it's like outweeing the devil. The book Outweighing the Devil, it says if you have definiteness of purpose,

then you're going to, you know, make it end up in good places in life. I think if you have definiteness of purpose and pursue that like crazy and take bold action, then you're going to end up in a good place. Yeah, I like that. And listen, every one of you is different when you explain that. But the confidence thing, when you go, you can be someone who was known as a, the jock, that comes naturally. But you can be someone who's the nerd.

You have your own game on the way that you can make your work. but the market, what the market's always going to want is more confident people, whether it's career or relationships. And this is why I was about to announce to you guys. We are about to launch Tom's dating advice course that's coming out on light speed today. There's a reason why Brad is here today. Yes. 22 keys to dating in 2026.

The platform for your educational content. To learn how you can have better genes where you can control yourself from the urge of eating too much so you can be in shape. unlike other billionaires. And the upsell will be how to close the hose workshop. Nice. Featuring.

Brandon Aceto. Yeah. All right, let's get to the next story. Google settles lawsuit for $68 million following allegations of secretly recording

smart device users. Okay, this is a very, very interesting story here on what Google is doing. A lot of people are not happy about this. if you guys are following the story or not. Google has agreed to pay $68 million in a class action lawsuit, arguing that its voice-activated assistance secretly record a smart device

users and violation of their privacy. A preliminary settlement was filed on Friday in San Jose, California, federal court, but still requires approval by U.S. district judge, Beth Lapson Freeman. The tech giant was accused of illegally recording and disseminating private conversations after Google Assistant Tool was triggered so it could send them, targeted advertising. Google a system, which is only used, only supposed to record when a user says phrases such as, hey, Google, okay Google, or when somebody manually pushes a button on the device inappropriately recorded personal conversations, when these hot words were not used without

the knowledge of the user of Google smartphones, home speakers, laptops, tablets, and even wireless earphones according to the lawsuit. Tom, what can you tell us about the story? So I'm going to read you the quote from Google. We do not acknowledge any fault, but we have done this settlement to avoid, here comes the list, uncertainty, risk, expense, inconvenience, and distraction

of lengthy litigation. Here's, let me translate it. Folks, we're guilty as sin, but fortunately we can settle so we don't have to pay a billion dollars in court later. And yeah, okay, we were listening to you talking about dating

and sent you all the ads for nice restaurants, candy, and roses. Okay, we did it. This reminds me of the otter defense in Animal House, a very old movie. The issue isn't whether we took liberties with some of our female party guests. We did. You know, and it goes downhill from there. This is them actually saying they knew that the devices were recording us, and they were selling that information and at times pulling contacts out of our whole conversations

and then selling that to advertisers in the form of, hey, here's a million men 40 to 60 years old all talking about SUVs and beer. But in the privacy things, when we clicked the thing to accept using the Google devices, guess what? We were clicking a thing where we thought there was some privacy. $68 million they settled it clearly to avoid $2 billion later. What's $68 million? Nothing.

That's like charging me $0.10. That's nothing. That's the whole point. Yeah, that's ridiculous. And to boldly say... How do you process this? It's just more corruption, if you ask me. I mean, they know what they're doing.

Where's the criminal prosecutions in some of these cases? These things should be criminal, and that'll stop people. You know, there's, I think it was, I'm not sure of the company now, but basically they know they're causing cancer by dumping the waste in this local river and everyone's getting cancer. And they, I think the movies, huh? Is it Nestle? No, it's like, it's like Dow chemicals or the people that make the nonstick pans. Oh, gotcha. So there's movies about it.

It's fact. It's history. You can look it up. Aaron Rakovich was a movie like that about putting chromium into the water. Yeah. So, like, again, these companies that are making billions and billions of dollars get fun. some stupid amount because they killed people intentionally. Where's the criminal prosecutions? That would stop things. Same thing with the government. If you look at the government,

you know, a lot of this money, like opening a daycare and they're funneling money into daycares, if you don't think that money is finding its way back to the same politicians and the same people in power, I think you're naive. So where's the criminal prosecution? Google getting charged $68 million is like someone's saying, hey, Brad, if you do that again, we're going to charge you 10 cents. That's just permission to keep doing it. And I bet you they're still doing it. And I'll bet you they're still doing it on a regular basis, meaning they all know where together. Our phones are all together. When your phones are off, they still know where you are. They can still listen.

And I think the government gets those recordings. Oh, you think they do. So you think they're 100%. So you don't think this is just for retargeting in advertising. You think this is going all the way up? It's security. It's national security. It's everything. But they're listening to everything we do. They can see us from those televisions, these smartphones are watching a podcast. Hey, Google. They're listening.

And again, Google's just the distribution. It's the cable. You know, who's listening? That's a different story. It's not just Google. Brandon, do you agree? Oh, yeah, 100% agree with that last part. And I think the most surprising thing about this story is that people were surprised

that this was happening. You know, like when we're- Well, you know, they filed this in 19, 2019. So that's seven years ago. Right. And who got paid out? Who got the $68 million? How come no one notified me that there was a Clax Action suit and I could participate?

Would everyone get 10 cents? And where's my form? Yeah. I'm supposed to email me a form so I could say, yes, I'm part of this. It's just like in COVID when they issued the employee credits. You know, they didn't tell any businesses. Right. They were just real quiet about those.

Same thing here. And by the way, I don't think it's an accident. I think about how much the government likes to regulate things. There's been no regulation when it comes to data collection, data monitoring. I think that's very intentional. I totally agree with you that. I think that this data is finding its way back to the government. And we're looking at it as if it's just raw data collection,

but what's the power being able to go to anybody's device? Like, say they're an important person, and it's having important conversations that are a matter of national security or a matter of what's going to happen with a stock. You know, if you could just, like, jump on to Jeff Bezos' as a Google device and see what's going to happen if he's going to step down from Amazon or something. So there's an endless limitations.

to what could be done with this, like the power of it. So I think that's the reason the government hasn't regulated it. And yeah, I think this is like a small price to pay for what they get from it. And by the way, it's interesting because Apple did this as well. And Apple had to pay fine two years ago for $90 million. I don't know what the number is, Rob, if you want to pull it up. And then number two, you know, when you're asking about the class action lawsuit, allegedly there is tens of millions of people that participated in this.

But in cases like this, only one to 10, percent of people get it. So let's just say 50 million people are part of this. Go to one percent. Okay, 50 million. One percent becomes what? 500,000. Let's say it's a million. Sixty-eight million divided by a million people that are part of this class action lawsuit. A million people are going to get a $68 check. Thank you, Brad. You've been amazing. Your voice is amazing. We like listening to you. And for that, here's a $68 check. Okay. Go fill up half the tank of, you know, of a, you know, your Ferrari that you got and all the best. It's like the government sending out $700 for disaster relief. Yeah. Yeah. Replace your home. Yeah, that's right. Here in California. We'll take care of your 700 bucks.

Okay, which story do we want to go to next? Let's go to gold. I don't know if you guys are following this gold story. It is pretty wild what's going on with gold. So by the way, five years ago, Rob, can you ask what was a price of a kilo of gold in $12? 2020. Price of kilo of gold in January of 2020. I used to buy these kilos of gold. And I, look at the price, Tom. Tom, look at the price. We used to buy these kilos of gold in 2020, January, six years ago. And we would run contests and the winners would get a kilo of gold, which is what? $50,000. You remember this. 2.2 pounds. It was a phenomenal exercise. Guys would love it, but they would say it's just gold. Who cares about gold?

Okay. Do you know at the time when we would buy this, the price of gold was 1582? This is just six years ago, not 16 years ago, six years ago. Do you know how much gold hit this morning? Rob, can you pull up how much the price of gold is this morning? Price of gold this morning is $5,300. which means that $50,000 bar of gold that we would buy in January of 2020, Rob, what is it worth today?

Can you ask the question, what is the price of kilo of gold today? Kilo of gold today. Look at the price from 50K to $170,000 to all the people we gave this gold to, like I said earlier. I hope you kept it, okay? I hope you kept it. I hope you set it aside some. Well, let me read this story to you anyways. Dollar sinks to a four-month low and gold soars past $5,000 as yen leaps.

Rob, I think you got a clip on this one here. Go for it. Value of the dollar, do you think it's declined too much? No, I think it's great. I mean, the value of the dollar. Look at the business. We're doing. No, dollars doing great.

You know, it's very interesting. If you look at China and Japan, I used to fight like hell with them because they always wanted to devalue their yen. You know that's the yen and the wand. And they always want to devalue it. They devalue, devalue, devalue. And they said, not fair that you devalue because it's hard to compete when they devalue. But they always

fought, no, our dollars is very good. Okay, so Tom, what does this mean? What does this mean with gold? Brandon, what does it mean? I'll come to you first. Because silver's even moving faster than gold. But what does all this stuff mean to the average person? So first of all, really interesting thing what Trump said there. This is like high-level macro stuff. The concept

of devaluing your currency, makes it basically more attractive for other countries to buy things from you because it's cheaper. So, you know, he's trying to make our goods and services more attractive to other countries. So like he said, he would get upset when China would do what we're doing right now. So, you know, like, the fact that we're lowering our interest rates as other countries are increasing their interest rates, that's why the dollar is getting lower. And when the dollar goes lower, pretty much all asset prices go up and definitely gold and silver in a much higher way. But the interesting thing is that that's fascinating to me is that the banks are allowing it to happen because it's been a thing for a long time that all evidence in my view points to the fact that

the banks were suppressing the price of gold and silver because it's been flat for a long time. And like the, if you look at a chart of the M2 money supply from 1971, when we go off the gold standard versus the price of gold, there's a big difference in the rate of which the M2 money supply goes up versus the price of gold. Like they should be proportionate to each other. So I think if the price of gold was proportionate to the amount of money that was created after the gold standard, You could be talking 10, 20, 30,000 instead of 5300. So I just think it's interesting that the banks are allowing it to happen because they are fully in control of keeping the price down. You know, with their short contracts, they used to hammer it down, especially I remember in 2020 when they tried to do the silver squeeze, they hammered the price down.

But the silver one is probably even more concerned to the government than the gold one because silver, it's an industrial mill, not just an investment metal. Like silver is an input and everything, like from, you know, missiles to satellites to EV. all electronics. The thing about what that does to input prices when you're building and when you're manufacturing things. So that's serious stuff. Tom, your thoughts. So I think whenever you see precious metal goes up,

it means that there is more faith and more demand for the precious metal as an investment than the U.S. dollar. But with the U.S. dollar being cheap, it means it's very expensive for, I'll tell you the best way to look at it. If you've ever gone to a foreign country, And not just buying food or paying for your hotel, buy something. You know, you go to Italy and you buy a fashionable shirt.

And you go, wow, in euros, this seems more than what I'd pay for a fashionable shirt in the U.S. How much is this in dollars? Really, $200? In the U.S., I could get this shirt for like $150, $140, something like this. there you go. That's where you can see the value of your currency. So right now it's expensive for U.S. citizens to go abroad and pay for food, lodging, and things that you might want to buy. It is not expensive for people to come here. So on people come here on the euro, what's a euro to dollar right now? Rob, you can do that real quick. I think it's 80 cents or something.

119 and flip it the other way? Yeah, 80 cents, 84 cents. So it's less expensive than to come. That's what happens. That's what goes on. But what this also means, it's less expensive for other countries to buy from us and for us to export to them.

So that is actually a benefit. So you have these benefits going back and forth. Right now, the people that bought invested in gold, they're getting a tremendous return and a tremendous paper value until they sell it. And if they sell it right now, they're realizing that value. And right now it's expensive for people with the dollar to go elsewhere or to buy things abroad. And it's less expensive for people to buy things from us, like all the oil that we're producing and the natural gas that we're producing. I think when trust goes down, the value of gold goes up.

Right now there's wars and rumors of wars. There's major things going on. People do not trust the government, let alone the dollar. And I think... But how come that didn't happen during COVID? Because they printed 80% of the money and started giving it away to everybody. So shouldn't that then increase the value of gold? Well, if we were all intelligent, yes.

Look what happened to crypto, though. I think the money that should want to go went to crypto during COVID, because crypto went astronomical during COVID. And there was like a, it felt like a concerted effort to like on CNBC and whatnot to talk people out of gold and silver. And there's the banks short selling the hell out of it. Like there's a lot of the times a paper trail of that. But that's why it's interesting to me that they're letting it happen now because I think

they could control it and stop it from happening if they wanted too bad enough. But the central banks are the first time they have more gold than bonds their books. So I think that now they're in a position because I remember in the big short when they said they wouldn't let the credit default swap price properly until they were positioned. I think it's like that. What a coincidence. Yeah. But when trust drops, I think gold goes up just because of that. And I think we're at an all-time trust deficit. You know, there's, there's a- unpack that for me. There's just a lot of stuff going on where people aren't trusting anymore. You know, you see it all over. You know, no one trusts the media, you know,

Nobody trusts the news. Can you imagine nobody believes the news? Or at least a lot of people don't or starting not to. I think they call it waking up. They know we're being swindled. I'm not a conspiracy theorist, but I do believe that the government treats us like a business and when they should treat us like the customer,

they're treating us like the product. So like, you know, people are waking up to it. And I think people invest in gold. when the dollar's untrustworthy. Would you buy more gold today? I wouldn't because if this crap hits the fan, Patrick, gold's, what do you want to borrow gold for your water? No, I want water, guns, and ammo.

I think that's what I would invest in if I thought things were really going to crash. Would you buy more gold today? I'm not at 5,000. Would you buy more gold today? Very slowly, maybe. I mean, yeah, I think it's good to have like at least 7 to 10% of your whole portfolio and gold or silver. What's more likely to happen the next 10 years?

Bitcoin goes to a million or gold goes to 50,000? Gold is 50,000 because I have no idea what's going to happen with Bitcoin. Like I think Bitcoin is not on a track to go to a million quickly. Bob, can you run a poll on that? What's more likely to happen? Let's see what the audience says. Gold going to, what's more likely to happen the next 10 years? Gold going to 50K, Bitcoin going to 1 million.

I think a scandalous thing could happen with Bitcoin. I think less than a 50% chance, maybe even less than 10% chance, but still don't know who made it. So I think there's still like that possibility that it could all go up into flames because it's still a pretty new thing. You think so? I mean, less than more than 0% chance, yes. So your more gold is likely to go to 50K the next 10 years than Bitcoin to a million.

It's better around 1,000 years. I'm on the Bitcoin side there. You have got governments and banks suddenly saying things about Bitcoin. that Charlie Munger 12 years ago said it was rat poison. And remember that famous quote, famous speech? What do you think about it? I don't think it's just poison. I think it's rat poison.

And, you know, I have a lot of respect for Charlie, but that was the prevailing thinking of the day by central banks and banks. Now all of a sudden, oh, Vanguard allows you to buy, you know, Bitcoin ETFs and to put in an investment account. Oh, it's okay now to have Bitcoin ETFs in 401Ks, which are regulated. It's okay to have an IRAs, which are less regulated, but it's a rules-based investment account. And so now you can buy Bitcoin ETFs for that.

I see Bitcoin getting adopted more and more by the mainstream. And so at some point in time, you know, it kind of crosses. And it's living in the world of fixed. set. So it's going to be a fixed set and fixed supply, right? How many Bitcoins have already been established? The minute they print more Bitcoin, or they allow it, now you're Fiat. Right, right? What's the number, 21 million or whatever the number they got? I believe isn't it right? That there's only 21 million Bitcoins that have to be slowly mined and pulled into circulation. Oh, they do that. I mean, the market, the critics would lose their mind.

Brad, where are you at? If you look at the poll right now, it's 50-50. They're saying it's more likely ghost. Wow. Gold goes to 50K and Bitcoin goes to a million in the next 10 years. Well, I would say that you probably have an older demographic then. Bitcoin is going to a million is far more likely. Next 10 years.

Yeah. For sure. I think in the next three to five. Question I got is, when has gold ever 10x in a decade? the 70s or 80s, whenever that boom was. But that's not 10xing, though. That's called, it was $35 because they set that price. And then after Nixon's 72, they opened it up.

So I don't know if that really counts. It went to like $800. I totally get it. But it's a different, it was worth $800. Yeah. But the government had, you know, kept it under control because we, everything was based off the gold standard. We got off the gold standard.

Right. Bitcoin cannot be recreated. It's limited. And because of that. you know i think the the bet is on bitcoin and not to mention i think when they replace our financial system it's going to rely on crypto wouldn't you i i agree so i've heard you say a couple things you said wars and rumors of wars and replacing the financial system so i think at our core we probably believe how this game's going to play out and the ultimate crash on a year of jubilee and then you

need a new system i'm on that same page and i think i think that i think that i think And I think the powers that be, know it. The question is, is how long will it take? And I think within 10 years, it will be. And that would push Bitcoin to over a million, or at least a million. Well, we'll see. Listen, let's revisit in 10 years. And Brad, put in your calendar in 10 years.

We're going to do this again and see where things are around. God willing, I'm still here. God willing, we're all still here. God willing, we're still here. All of us. Let me continue with the next story that we have going on. here. Anthropic CEO comes out and says this, okay, says humanity needs to wake up to dangers of AI. And I think what he's specifically talking about, Tom, is super AI, which I'm coming to you on

this one. But Rob, I think you got a clip on this. Humanity needs to wake up to the potentially catastrophic risks poses by powerful AI systems in the years to come. Is this him, Rob? Yes, sir. And by the way, just so the audience knows, Anthropic is, how do you explain Anthropic, Tom. It's a 350 billion auto company. They just two extant valuation in a few months. Everybody wanted to get in on Anthropic. It's the next big thing that people are looking at. Here's what their CEO had to say. Go ahead. I think if we wait three years, like this technology is progressing exponentially, right? Three years ago in 2023, the models were maybe as smart as like a smart high school student. Now we have engineers and Anthropic where the model writes all the code

for them. You know, and the engineer maybe edits it, but we're very close to, you know, mid to high professional level, right? And so that was just in three years. If we weighed another year, three years, I think we'll get what I call in the essay our country of geniuses in a data center, maybe less than three years. And so, you know, three years is an eternity in this field. And so I think we absolutely need to act before then. One place where I really have hope, is I think as these problems start to manifest, again, they're not going to be partisan, right? Like, you know, it may start with, you know, one party or one side having an anti-regulatory ideology. But I think as these problems become real, there's going to be a demand among everyone.

And in the note, you outline the different risks, whether it's bioterre or whether it's authoritarian regimes with, with too many tools to do subversive behavior. You're like what? Like, how worried are you? I mean, you're obviously worried enough to state it and you're worried enough to raise it. But like in your mind, how likely is that outcome? Particularly if we don't do anything for the next three years. Is it like a 1% or like, no, no, if you don't do anything for three years, like we could be screwed? Yeah, it's always hard to tell.

One of the things I say in the essay is, you know, we just don't know, right? We could look back and we could say, ha, ha, AI-driven bioterror. that was, you know, that sounded like you could happen at the time, but like, you know, it just, it just, you know, it just, it just, it just didn't happen at all. And it's, it's, it's very unpredictable, you know, the way I would say it, Tom, where are you at with this? So, 2000, 23, 2004 for AI, those were the years of the chip. Invidia comes out of nowhere. Everybody asking each other, do you own invidia? Oh, my gosh. And then the rest of us looking at it and saying, you know, why is invidia coming out of nowhere? So the number of chips is out there. Then last year, the AI agent showed up as well as the collective realism that the data centers that are planned today are going to take 12% of the power in the U.S. And I says, wait a minute, wait a minute, 12% of the power. That means there must be a hell of a lot of processing and a hell of a lot of data centers. That's correct.

That's absolutely correct. And now we're getting Pat to the age of the AI agents. Well, the AI agent is basically AI that can do something for you, automatically answering emails. is a simple one that's available to everybody right now using Microsoft Pilot. Certain emails, certain rules, it'll automatically respond for you with a simple answer or find an open place on your calendar. That's an AI agent. What he's talking about is the advance in the computational power and the library,

also known as an LLM, large language model, that it has to use that you could have a bad actor learns how to build a nuclear bomb much quicker or learns how to deploy a biotech poison much quicker. And that what's happening is that now the agents and the collective intelligence behind the agent is sort of now the third, the fourth wave, chip, data center, agents, and now collective processing power and super AI powering used for bad. Okay. You can look back in history and saying, oh my gosh, the folks that invented the nuclear weapon, we need to regulate and control those. We need to figure this out. We're about to go to what will be the next wave, which is levels of control through oversight. So if you think that Google listening on your

device or your Alexa device to sell your ads is spooky, the back end of AI is going to know who's looking for what, and the government is going to, by default, have to be snooping on that to see who's using AI to find out what is the best stream in America to put a viral poison in to kill the most number of people based on snowpack, runoff, melting, and the speed of the stream. People are going to be asking those questions. Where's the best place for a suicide bomber to kill the maximum number of people in New York City on Black Friday? oh, well, it'll look at traffic.

So the government's going to have to see this, and that's what he's talking about. Now we get to the super AI and the ability of bad people to do really bad things and to be enabled by it. Now you've got the government's going to have to be there on the back, which I'm not endorsing, but I'm saying that is what he, at Anthropic, which is building these models and knows what they're talking about in terms of the power of them. sorry for the long answer, but I wanted to take people through what they've been hearing in the last four years. Yeah, say six years ago, could you have imagined what ChatGBT BT does right now? Like, even the concept of it, no. Like, we all knew about AI.

We knew about technology advancement, but just, like, the sheer abilities of what Chatibt or Grok or Gemini could do. Never thought that could happen. So, yeah, like, the craziest thing about it is, like, the speed of technology, how it goes up at an exponential rate. So don't know what the hell is going to be around the corner. Don't know if we're even even going to have control over, which is that's the weird part is that it gets to the point where the thing starts communicating with each other. Like if you've heard a bunch of stories where the Google or Amazon had to like shut it down because they started talking to each other. So I don't know, just what happens when AI starts talking to each other and, you know, deems people inefficient or starts trying to have a mind or a philosophy of its own. I don't know how far away we are from that, but that's the creepy part to me.

Brett. Well, all technology kind of starts out clumsy, right? So I think it'll get better. But when the people that make it are warning you, I think you should be listening to what they're saying. I just can't understand why. What's the danger? So I'm going to go read that because what would be the danger? Like, why do they think, what are they going to, AI going to become to where we just, we're the problem,

where the virus so it eliminates us? Like what terminator? What's the possibility of AI becoming so super intelligent? I just, in my mind, I'm thinking, well, that just makes life easier. How's it going to, what is it going to do? Why is it dangerous? Yeah. Let me tell you where I'm at with that.

If, let's just say go to the horror that they're selling, jobs are all going to be replaced. People are not going to have jobs. They're not going to have income. They're not going to be able to pay bills. who are their customers? Who buys from them? Do you understand what I'm saying? Yeah.

Then who buys from them? By the way, what happens to mankind, what happens to any society when people don't make money, don't have anything to lose, don't have a job, don't have a family, who loses?

Let me ask that question one more time. What happens to any society where people don't own homes, they don't have jobs, they're not having their dreams, become a reality, they have nothing to lose. What does that society look like? That's anarchy. If no one has anything to lose, you have the worst of human impulse and you have chaos. Who loses? Who loses? Everybody. You know who loses? The people of power. Right. That's who loses.

So guess what? If they go in this direction where you lose your customers, you lose your employees, you lose your consumer, you lose your buyer, what the hell you're producing? Who cares what you're producing. You heard the story about Amazon that came out and they're shutting down their, what was it, 21, 23, cashless, cashierless stores in California. Oh, yeah, the, what is the brand name they use for those stores? It's not Whole Foods. Is it whole foods or is it? Which one is it? Amazon Fresh. Amazon Fresh, right? Is this the one that they're closing? Rob, you want to play this clip? Yes. Go for it. Why the change in strategy? Yeah, closing and shuddering what was already a diminishing footprint, right? There were only 14 go stores,

We have one of them or had one of them here in SF and 58 Amazon Fresh stores. And as you point out, that real estate gets converted to Whole Foods. This is not Amazon saying that they are done with grocery. Far from it. It was interesting when those headlines hit. Clearly, there's an Algo reaction, right? And Amazon paired some of its gain. It's now back up to a 6 tenths of percent gain.

But Walmart took a leg lower because the commitment from Amazon is very much to grocery in the context of sub-same day, right? They've been focused very much on the online offering and doing the, hourly deliveries and slots. But foot traffic's been falling away on these early locations. I don't know if you guys have ever been into an Amazon Go. But it's the humanless facility. If you want to pause it.

So, you know, the question that becomes you're saying, you know, the fears, what are they, what are they afraid of? I need to go read this article. Why would you be afraid of what's going to be taking place? Tom, Amazon's move that they're going to, okay, and they're bringing it back to Whole Foods. how much patterns are you noticing of companies realizing, you know, even with, let's just say AI gets so good that you can tell it to create videos and teach XYZ content on videos. You saw what YouTube said. YouTube said we're not paying you monetization if it's not a human person.

July 15th of last year, I think YouTube came out with a new rule that if it's not a human being creating the content, all the, I don't know what, What words they use, the faceless content that you're creating, we're not paying you at sense. We want people creating content. More and more companies are going to go to, hey, we kind of need people. We kind of want people. We kind of need you guys to also have jobs. Can we pay you? I actually think this AI thing is going to go this way and then it's going to go that way.

It's going to be like, no, our differentiators, when you come to our store, we have people. We have human beings. You will not be talking to robots. I think people are going to go that route. This is a different story about Amazon though, Tom, if you want to give us an update on this story. Amazon, as the analyst said very, very correctly, Amazon is not giving up on groceries. They have Whole Foods and they have that. And more importantly, if you go into Whole Foods, the locker space has doubled over the last 18 months.

And that's the lockers, those Amazon lockers that are on one side of where when we were all growing up, that's where the 50-pound bags of dog food would be stacked up along with charcoal and bags. Well, now you have these lockers where you go up there and you open it and that's where your Amazon delivery was. It was in one of those lockers. So Whole Foods is alive and well and being well-used and exploit of Amazon. They tried it to make these Amazon fresh ghost stores so they could save on labor because grocery has a very, very tight margin in the first place. Hey, we'll make convenient gross stores. You'll walk in with your phone.

see that it's your phone and you can Apple pay walking out. It'll just beep. Well, then there were the people with a hoodie and a baseball cap and dark glasses that had no phone on them because they knew the game and walked up, took five things and walked out. Boy, this is easy. So there was shrinkage. So basically, Amazon couldn't make this thing work. They couldn't make Amazon Fresh and the ghost store work.

So they're closing it and putting all their effort. and grocery back into Whole Foods. That's what happened. And so it found out that, you know, human security guards or human people checking out were really helpful to curb shoplifting. Versus a guy walks in, I'll have two red bulls and that sandwich and walk out.

We'll scan his phone. They deliberately didn't have phones in their pockets. I think that's what I'm saying. I think the more AI accelerates, the more these big AI companies are going to sit there saying we need people. I think that's what's going to happen. By the way, you were one of the first guys

that build a online university. You have a thousand business owners that have their stuff with you at light speed and you've got millions of customers, right? Millions of clients that use your technology. What have you seen over the years when you first started and then seeing other guys that are going ahead of AI? What have you done to compete with how fast AI is growing?

Well, we leverage it. You know, we drop it into the technology. So the knowledge is more quickly created, delivered, tracked, and measured. So again, I mean, I think before the knowledge was the key, well, now for $20, I have a doctor in my pocket, a nutritionist, a lawyer. So knowledge is getting commoditized. You're going to have to understand, at least we do, that training is all about, good content, repetition, practice, and accountability. And before people were paying for content.

Now content is very inexpensive. And that's a good thing for us. I think it's a good thing for human beings. Why? Well, because now you're just a choice away from becoming more relevant, more successful, and more, you know, at the end of the day, it's a good thing to me. I am not afraid of AI. I can't understand the dangers in it so far.

but if everyone's out of work Patrick, don't you think they would just start giving out a basic income? I think that's terrible. Well, yeah. I think that's terrible because what when a group of people, majority, don't have something they're in pursuit of and you give them

income, that's a horrible society. That's a horrible society. Problems will happen. People with time on their hands will start doing horrible things. It'll be catastrophic. That's not a society you want to live in. If people don't have something to do that they're in pursuit of, I do not want to live in that society. I don't want to live in that society. I want to be around other people where you're going after something, you're going after something. You're going after something. Great. Collectively, we have to

make sure the city's going to be safe. We have to make sure collectively, oh, you know, you know what, send us more money. Send us more food. Send us free this. That is a scary, scary society. And by the way, It's been tested. It's not like UBI has never been tested. Alaska tested it for a minute. Many countries have tested UBI. When Andrew Yang suggested this. I don't know which election it was when he brought this up.

Was it 15-16? No, I don't think it was 2020 with Biden. I think it was 15-16 or was it previous to that? Maybe it was 15-16. Something like that. It was 2020. Okay. It was 2020.

So when he introduced this $1,000 a month thing, it was like, yeah, it's a good idea. And it was like a Milton Friedman. negative income tax. What did Milton Friedman call it, Rob? Can you type in Milton Friedman negative income tax that he proposed years ago? Yeah, negative income tax

in his 1962 book, Capitalism and Freedom, people with incomes below a specific level receive supplemental payments, negative taxes from the government, while those above it pay positive taxes, work incentive, unlike traditional welfare, that often reduces benefits, dollar for dollar, the negative income tax reduces benefits by only a fraction for every dollar earned. So encouraging recipients to find employment. I think we got to,

we got to keep the society involved. I think we do. Too much time on your hands is not a good thing. People should start focusing on things that are done with labor, your hands. Because again, I don't see AI replacing your toilet or rewiring your building. Yeah. So I think blue collar is going to become white collar. White collar is going to start working for the blue collar. So either own the business or get good with your hands. Yeah. Tom likes four men. So it's it all depends on what direction you want to go with this. All right. Next story, Yale goes tuition free for families making below $200,000 a year income. Yale University is going tuition free for undergraduates families, but incomes under $200,000. Following recent moves by people.

hears, including Harvard University to broaden access, enhanced financial aid will ensure that students from such families will receive need-based scholarship that meet or exceed the cost of tuition. Yale said in a statement Tuesday, the changes will take effect into 2026, 2027 academic year. We'll also eliminate all expected costs for families with typical assets and incomes below $100,000. Brandon, your thoughts? I mean, it's about time, to be honest. Yale has every benefit in the world that's favor. If I'm not mistaken, I don't believe they're required to pay taxes or certain portions of taxes. Like, I'm from New Haven.

It takes up the entire city. The entire city's decrepit because of Yale doesn't have to pay taxes to it. So, I mean, the crazy thing is that the vast majority of their money doesn't even come from the tuition. So you would think this would be something that would be floated a long time ago. But instead, what, you're racking people that their parents make $100,000 a year with, $300,000 in debt. So, yeah, no, I think it's great. They still have problems with the way that they take on people.

You know, they try to match up the demos to be proportionate with the demographics and society. So you get people of different races getting in with lower or higher GPA requirements. So I don't think that's great. I think that could be like a blindfold thing where you're not really looking at the gender or the race of somebody. You're still letting them in on merit. So a lot of things to complain about with Yale, but no, I think this is good.

I still think, and I think there's more for improvement. So, Tom. So I have a little bit of a contrarian view on this. I'm a little skeptical because Harvard and Princeton did the same thing very, very recently. I was seeing numbers over the last six months that Yale, Harvard, Princeton, MIT were taking in a larger percent of foreign students from wealthy families around the world who could pay full boat. Meaning full price for everything. Sure. Number one.

Number two, Yale was also lost lawsuit at the federal level on manipulating admissions and being racially discriminated, having racial discrimination built into their intentional model. Some people would call it an algorithm. It was intentional. And it was Asian students and families that, it came from Asian Americans that said, hey, you know, we are being de-prioritized and you're doing this wrong. I'm all the

way of the Supreme Court, Yale lost. And there's another suit that went up halfway in Yale won. But I think that there's a reaction happening in the Ivy League. And I think this is potentially window dressing compared to who is actually paying

because I don't think the Ivy leagues anytime soon are going to stop the way they've been playing the game. There have been some suits, there have been some trip wires, but I don't think they're stopping. And I think this is, I think this is a bit of PR compared to what we're seeing on the amount of people they're admitting and what they're paying. Yeah, so it's interesting. If I want to be a devil's advocate and kind of ask the question about the 600,000 students that the president said is coming from China. And I think

it was doing an interview with Laura Ingram, which is like, we don't need 600,000. No, we do need it. We do need the 600,000? No, we don't. It's the 600,000 figure out. Can you pull up to see when they're looking at those numbers coming through? Because if you do the math, what do you want to do the average number on it, Tom? 600,000 times what? Tuition per year. Oh, I can tell you what it is right now. I'm all in, I'm all in at Rice at 90 a year. Stop it, Tom. Tuition and on-campus housing. It's 90K a year. So, what average do we want to take? If these 600,000 Chinese students are coming here over the next however many years, the announcement was August of 2025, I don't know when it's going to start.

Ivy League average is 67,000 of which they publish, but there's another 20 in there for the dorm plan. Are they all going to go to Ivy or are they going to go to different universities? It's not all Ivy, right? So take the average of all of it. 75? You want to do 75? Damn. It's probably still 60. I don't think you can go to the University of Michigan. By the way, If you take $600,000 at $50K,000,000,000, $30 billion in revenue. If it's $75K,000, it's $45,000 in revenue per year. Then do that times four. That's $300 billion going into the college system.

So do you think devil's advocate saying you sue these schools, You publicly put them in their place. Stop doing this BS, ESG, DEI crap that you're doing. Stop playing these games you got going on here. Get back to education. I don't want to do this woke stuff anymore. And guess what? Pay the fees, pay the fines on the back end.

I'm going to bring you $300 billion over the next five to 10 years. Tom, do you know what I'm saying? Yep, I do. So you're saying that could be the play. I mean, I'm sorry. I'm diluted because $300 billion just doesn't. to like a lot anymore because that's like one Ukraine payment. It's not a lot of money to you.

It's not a lot of money to the government. It's a lot of money going to universities. Is it though? I mean, split up by all the universities? Like what percentage of it's going to go to the top universities? Probably at least 50% to the top universities. I don't know if it's going to be 50%, but let's say 20%.

What's 20% of $300 billion? 60 billion. Still a lot of money. Yeah. $60 billion is still a lot of money over the next few years. Enough to change your entire initiative, though. I don't know if it's an entire initiative. You have to realize the part when I watch where Trump is at with bringing talent in from other places.

Like, you know, he put all these restrictions of where people can come from, but he didn't put it on people that are coming from India. Why not? Want to be friends with India. Do you want to be friends with India? Do you want to make sure your big AI technology companies that rely on those engineers coming from IIT? You need that. It is a very technical, sensitive. complicated topic that has people on the same side of the aisle fighting each other on this one topic.

Make sense? That's a good point. And I don't know what's going to happen with it. I don't know the ideas beyond it. Do you have any thoughts on this? Well, I think the value of higher education is dropping. And I think that's what you see as a result. You know, they have to lower their price.

People aren't valuing the education as much as they used to. Before it was you had to go here. And if you're going to go there, you go to these. Ivy League schools, well, people realize you don't, you do not need a degree anymore to be successful, period. And so they have no choice but to lower their fees. Then they turn it into a PR stunt to act like they're finally trying to help people. They're not trying to help anybody or they change the curriculum, not the pricing. And not only that, I think the government should provide education for free if we really want to to empower our country. You know, education should be free for qualified

individuals, period. And I don't care where you go. Like, it should just be free. I want to to produce badass individuals. And, you know, we're quick to give out money and then people stand in line at Louis Vuitton. You know, during COVID, like these stores, Louis Vuitton, Gucci, there was lines around the block for people wanting in there. It was ridiculous. So I think Yale and Harvard and any other Ivy League school that is, you know, making a claim that they're starting to try and help those less fortunate. I think that's nonsense. I think it's PR. I think it's PR. and I think they realize their value is dropping. Do you know the program Florida has?

What is it called on Bright Future? Oh, Bright Future, State of Florida. Yeah. Can you unpack that to Brad on how Florida works? So in the state of Florida, if you've lived here for a certain number of years, and your child has a 3.0, 3.2.3.5, and you've been paying property taxes, income taxes, license plate taxes. Thank you very much for raising a great child, Brad.

You can go to school for free. Florida, Florida State, FIU, UCF, any of the schools that state tax dollars go to support under the Bright Futures Program because you've lived here in Florida and you've raised an exemplary student, your education is free for that child. That's pretty impressive. It's about the Bright Futures Program in Florida. Yeah, I think it's like a 3.5 GPA and a 1350 SATs. Some number is, okay, there it is.

What does it say? 16 high school credits with a three and a half weighed the GPA, way to GPA. And there's different level. scholar, Medallion Scholar, covers 75%. But here, there's your rate card. How good did your kid do? You know, the discount starts at 50% and goes up. That's impressive.

Yeah, it's not bad. What does this make you think? Like, how do you process this information for a guy that lives in Nevada? Well, I would say, you know, that's why I think Florida's residency is increasing because, you know, some good policies here. I think it's, again, at the end of the day, a result of, you know, a result of, you know, everything that's going on, the academic route is no longer necessary to succeed. So again, it's still nice.

It's still a checkbox. Your parents still want you to go. But I think if you're going to go to college and pursue a degree, it's either you need it to do the job, or you should really get the value out of it by networking and building relationships. Because at the end of the day, the relationship is more valuable than the education. You're not wrong. I agree. Listen, I'm 47 years old and I've done okay.

business and my Middle Eastern family still says but you don't have a college degree but but you know Mary got a college degree but you know Jack got a college degree when are you going to get your degree I said mom I'm still trying to figure life out you know trying to see if this business stuff's going to work out or not but maybe one day I'll get my act together my 80s and get a college degree who knows Brad I got I got I got to get serious about life is what I need to do well kidding aside if I was governor I'd do one more thing thing here and I would take out 80% of the liberal arts classes and I would replace it with trade trade school.

I love that idea. I love that idea. I love that idea. You want to go? Guess what? And by way, I would- We're not paying for liberal arts degrees. And this is what I would do.

Here, you can go learn about heating, air conditioning and that on the trade side and take business courses also here at the University of Florida and go out and start that business and serve the people of Florida the rest of your life. That's a good point. And by the way, you have two trucks today. And if you do it right pretty soon, son, you'll have 10 trucks. I love it. Great idea.

What are you going to say? I would just call your parents and tell them how many degrees you now have. Yeah. That's what I do. Yeah. I always say I dropped out of high school. Now I've got several PhDs, several MBAs. They're like, how did you do it?

I just hired them. Yeah. So at the end of the day, you don't need a degree if you can hire them. It's great. Now, listen, that train left a long time ago for me when I wanted to be a firefew. And I went to the firefighter, you know, a place that we had in Granada Hills. And I said, I want to be fired. They said, there's a five-year freeze.

So, listen, it's $52,000 a year. It says, there's a five-year freeze. And it was, I went and sold insurance. By the time I got accepted to go be a firefighter, I was already making 100 plus a year. I said, listen, I don't want to be a firefighter. I'm going to be an insurance guy. Obviously, the rest is history. I would have been a firefighter, Tom, 30 years walking around in L.A.

That's right. You know, driving around on my, you know, working the ships that they have, which, by the way, to anybody that's a firefighter out there, I have tremendous respect for your job. You are very important to any society. It's a very hard job. The stories you see about how many people that get injured or hurt. And if you want to know what movie made me want to be a firefighter,

can you guess what my age? The movie was. Backraft. That's right. That was the movie. All right. Let me get to these next couple stories. So Netflix, check this out.

Senate antitrust panel chair raises concerns over Netflix Warner Deal. This is a Wall Street Journal story. The chairman of the Senate's antitrust subcommittee is raising concerns over Netflix's proposed acquisition of the Warner Brothers movie and television studios and HBO Max stream and service. And a letter to Netflix and Warner Discovery leader, Senate Mike Lee said the deal appears to likely raise serious antitrust issues, including the risk of substantially lessening competition and stream in markets. Lee's letter was sent to Netflix co-chair executive Ted Sarandos and Greg Peters and Warner Discovery Chief Executive David Zaslov. The senator said the deal raises concern with potential abuse of merger review process,

particularly if an acquirer obtains competitively sensitive information under the guise of due diligence, less chairs, the subcommittee of antitrust competition policy and consumer rights under the Senate to jury committee. So Tom, when you're looking at this, they're saying Netflix's deal to require Warner Studios and streaming assets, Netflix has agreed to pay 27 and three quarters a share

in cash in a deal totaling $72 billion. Why is this becoming more complicated than it was supposed to be? Well, because right now, Warner Brothers Discovery, the CEO, David, we call him Zaz, is about to say the board and I have come to a final decision and we have signed. We are now in a merger agreement with Netflix.

At that point, the Ellisons are going to elevate their legal fight and they're going to sue. And it's going to go, then they're going to take it all the way the Federal Trade Commission and saying, we think this is unfair. We think it's going to lead to a lack of competition and choice for the American consumer. And at that point, the merger lies at the feet of the bureaucrats and the federal government. And so if you're on the Ellison side, you say, well, Larry called Don. Don, what's that, Larry? Listen, I think I'm getting screwed here.

They'll take care of it in committee. They'll take a look at it. Yeah, how's the kid? He's doing great. Brought him into the business. Do people think that happen? people are saying that that that the ellicence have dropped the dime on on trump and trump's got you know one of the federal bureaus responsible for such things for looking into it i i think it's

it's really simple there's a lot of egos in hollywood and the offer price is so far up where the stock was trading that um the board at warner brothers discovery is getting tremendous value for their shareholders. And then also Warner Brothers Discovery is going to create a little tiny, absolutely crappy little stock where they're putting all of the cable things into this little stock and CNN and all these cable channels are going to be trading on it. And I'd like to know where that stock goes and who they're going to sell it to. I think it's just going to sit on the market flat because where's the increase in cable subs? There isn't any. And they're going to do that. So Netflix buys the big library from Warner Brothers.

Warner Brothers Discovery creates this, their shareholders get a bunch of money, and then they create this little company that they drop on the market to carry all the cable nets. Well, I mean, if you look at the CalShe right now, CalShe's a million dollars of volume in this, says what's the percentage, Rob, 62% Netflix, 23 Paramount,

none before July of 2027, a year and a half, from now, 18%. But it looks like, look how close it was go to, go to right there. When is that December 26? Look at December 26th. Go a little bit ahead. That's when the Ellison's announced their hostile takeover. Look at December 27th. Ellison's were ahead. And then next thing, you know, the separation more and more and more and more and more. It looks like they want Netflix to take this deal over. I don't know. I don't know what's going to happen here. Let me get to this last story with Disney and we'll wrap up. Disney's CEO succession. drama is hurting the stock price

it's time to wrap the Disney CEO succession race and bring a happy ending to one executive castmate because the drawn-out process being led by Morgan Stanley chair is weighing on its stock like a stretch of bad movies

we wouldn't expect the company to address leadership succession during upcoming earnings call but do anticipate resolution of this matter over the very near term JP Morgan analyst David Karnovsky wrote and a note on Tuesday while the changes is not likely to result in major strategic shift, we do believe the

uncertainty around the process has been an overhang to shares and see a catalyst and announcement and see visibility into a smooth transition process. Disney reports earning on February 2nd. Shares of the entertainment giant have been down 1% over the past year as uncertainty on who will replace a legendary CEO Bob Igress persisted. And a lot of people are asking this question. Tom, what's going to happen here? Do you feel like Bobbi? bikeers just kind of holding the whole thing together and he's got to step out of the way because reports came today with Starbucks. Do you know what reports were today with Starbucks with the new CEO Brian Nickel? What were the numbers? What were the numbers that came in today? He turned the corner and he announced

profitability and growth. Beautiful. That's what happens. That's his job. That's his job. And Bob is not doing that the last five years. It is time for him to step down and find somebody else. Some of the decisions they made with the board was embarrassing, was pathetic, was pathetic. And then as well as the good news is Kathleen Kennedy finally has done December 31st of 2025. She was the face of wokeness for Disney where I don't know what the percentage was with how many the characters were part of the LGBT community and the cartoons that they were producing. They forgot who their customers were. Starbucks remembered who their customers were now with Brian Nicol as the CEO. Disney needs to go find somebody.

Tom, your thoughts on this story. Bob Iger is Barack Obama. Wow. And now the board is asking who wants to be Joe Biden and follow Barack Obama. And they're going to have a real tough time finding somebody that bridges streaming, getting people back into the theme parks and getting growth on the theme parks, growth under licensing, growth on all the cable nets, including ESPN, which has been laying people off and tightening up rather than expanding. and then growing the actual movie side of the business, which has had issues as the American consumer says, why do you keep putting these hidden cues in all my kids' movies? I'm not liking this.

So who wants to be Joe Biden and follow Bob Eiger with that playing field and go do it? I think the board's having a tough time of finding somebody that can navigate that. Brad. I'll volunteer. I'll do it. really what would you do okay but what would you do no no wait a minute play that out especially play that what would you do you're the seal what are you doing i would just go in there and use common sense i mean you know the everything that that i think happens at those companies is all agenda driven you know

period like why are they putting that crap in the videos and the movies and the kids movies right and then and then when the conspiracy nuts go crazy with it you know it hurts stock price and it And it stifles growth. So I would go in there and just get back to the old school, you know, of entertainment, pure and easy. You know, I'd risk some all that money they have stocked up. And I would make some new products and some new characters. When's the last new character, like a smash character? I don't know.

But what I can tell you is it is a place that can have such a massive upside. knowing Bob Iger, Tom, do you think, okay, let me ask you this, do you think Bob Iger wants a Brian Nickel to come in and crush it at Disney and take it from $200 billion to a trillion dollar valuation in the next five years? And the Celebrity Battle of the Egos, no. Okay, perfect. So guess what? You think the board wants it?

You hope they do. Do you think shareholder want it? Of course they do. Absolutely. Because they're in. So to me, I don't know, I think this is a place where a killer CEO, that is in their 40s, like 30s, 40s, early 50s, that has a track record of having some success

who can go in and turn things around, I would be going like this if I'm them. Who are the existing 10 Brian Nichols in a marketplace? 10 Brian Nichols that have already proven success in a different company. I would want to say, hey, I would entertain this. I would entertain wanting to do some like this. I think there's a lot of opportunity and common sense upside.

You know how Trump went in and all of a sudden he's like, he's doing tariffs? Why don't I think of people? Why don't I think about this? He's going to go Greenland. How come the other president? He's going to go expand. How come he's going to go take the old? How come the previous presidents didn't think about it?

He's a businessman. That's right. And these other guys are not. So imagine if somebody goes into Disney. There's probably five, 10, 15 basic things you could do to win the customers over. It's not that complicated to do. Yes, it's a small country. Yes, Disney was worth $388-ish billion dollars four years ago or five years ago. Yes, they made the mistake with co-CEOs that never works when you have co-ceeos. Most of the time, it's catastrophic. Someone's got to be

the decision maker. Yes, he got in the way of Sheapec making it because I agree was pretty much running the company from a distance. But to me, I'd love to see somebody put their name in the hat and say, hey, consider me, I'll come in and do some stuff here. But I don't know if they're going to let a real driver's CEO get the job. I can't believe they're still talking about this because it was a year ago, you and I were sitting down. Remember that? We sat there for like two hours and you were articulating the strategic plan that you could put in place to turn Disney around from the content side, to the theme park side, to the conversion of media, to what do you do differently in cable, how do you navigate the podcast realm and what's happening on streaming?

I remember that. We sat there for two hours. This is full strategic lens. And then we said, do you think Disney's board has people strong enough to do it? Because they need to. Listen, I actually put my money where my mouth is. I am pro-optimistic Disney. long term. I think it's a trillion auto company. I think it is. I think it's a value-based company that I think has an upside to be a trillion dollars. The amount of assets they own, somebody needs to come in that's a businessman to turn that thing around and make it a trillion auto company. Disney with the right seal can be a trillion dollar company within five years. Within five years. Aren't birth rates in decline? One point five-eight. Yes. Yeah, because I mean, you know, Disney's generally focused

towards the children, the kids. So I think whoever takes over needs to factor in that if birth rates are going down, there's less and less customers being generated. So you might want to shift your focus on all the customers over there. Teenagers and some adults.

Well, I mean, Disney, why can't they make more adult-like movies? You know what they could also do? They could also make a new character, a hero, that is building a family. because a lot of us we became somebody we looked up to in a movie.

Rocky. I want to grow up and be Rocky. I want to grow up and be Chris Gardner from Pursuit of Happiness where, what's his name played in it? I want to grow up to be whoever. Movies have a massive influence on a lot of people running for office. I just said backdraft

earlier of being a firefighter. That was a great movie for we were with the NASCAR owners, the ladies like I like Days of Thunder when Tom Cruise did it because it brought a lot of attention to us, but I wasn't a big fan of Talladega Nights because it made fun of our sport. Remember Talladega Nights with Dear Baby Jesus, you know, when he starts doing his... Ricky Bobby.

Yeah. So movies have power, but they're right movies, and they're not using that power that they have. Anyways, Brandt, great to have you on. Good scene again, as usual. It's been fun. Where would you like people to go if they want to learn more about what you're doing? It's a light speed? Yeah, light speed VT, or instant.

Instant.LightspeedvT.com. Beautiful. Can we put both of those links below? Folks, if you want to go learn more about it, go to Lightspeed VT. Watch that video for yourself to see what these folks do at Lightspeed VT. With that being said, Michael Cohen,

yes, D. Michael Cohen was here yesterday. We did a two and a half our podcast together. He said stuff that the world's going to react to it. This is Trump's attorney, Michael Cohen, that turned and all the stories, that happened with it. He held nothing back, two and a half hours. He got very emotional. It'll be released tomorrow morning, Grab, I believe at 9 a.m. Stay tuned. You're going to go crazy. You're going to say, why the hell would Pat do this? The question was also, why the hell would he do this?

You'll get the answer to the question tomorrow. Take care, everybody. God bless. Bye-bye, bye-bye.