PBD Podcast - Where Were You On 9/11? | PBD Podcast | EP 10

Starting point is 00:00:00 folks, it's good to be on with you. Today we have a special guest with us, my brother here, Matthew Sapala, a former Marine, who is now the Chief Distribution Officer of HP agency, which is absolutely no pressure, but I'm excited to have you here on the podcast. I'm here to be the PBRD thing. We got our buddy here, Adam Sosnik back,

Starting point is 00:00:19 fellas, we have a lot to cover today. Obviously, what makes it special about today's podcast, today's on 9-11, which we'll spend some time talking about that here in a minute, where all of us were out on 9-11. I'd be curious to know this. Obviously, we know where Kai was at. We know where Sam was at. You know, this guy's friends. Feetuses 9-11-11? No, not yet. You were three years old, but some of them possibly fetuses.

Starting point is 00:00:51 So let me share with you. We've got to cover with you here today. If you're watching this press the thumbs up if you're here with us. Share the podcast if you're on with us here. We got a lot of topics. One of them is a documentary. I just recently watched that I want to share with you, which Accidentally one of my friends, ends up sending this to me in the middle of the night, and I'm looking at the same. We just talked about this on the podcast. He says, it's crazy because I didn't even watch the podcast today, and it was talked about. That's what's crazy about the timing

Starting point is 00:01:14 of the documentary he sent, which we'll talk about in a minute here. Some updates are golden sacks, but what they're predicting with the GDP, I think it's important for most of us to want to notice. The merger that was supposed to take place between Tiffany's and Louis Vuitton is not looking too good.

Starting point is 00:01:31 Amazon hires an interesting XNSA spy, chief, to work with Netflix culture because of Reed Hastings' name coming up a lot lately. Twitter is trying to sub-lease their space in San Francisco. So Twitter, Jack Dorsey, and Netflix Reed Hastings name coming up a lot lately. Twitter is trying to sub least their space in San Francisco. So Twitter, Jack Dorsey, and Netflix read Hastings have complete opposite philosophies on work environment. We'll talk about that. And as city group hires their latest female board challenge,

Starting point is 00:01:58 US firms add a black director to board within 12 months. You even saw Kanye West today messaging, saying, I'm not on the board seat of Adidas and I'm not on the board seat of Gap. And I wonder, how is Kanye West not on the board seat of Adidas? That's a very valid point on why you wouldn't put the guy selling those shoes. You probably want to have his perspective there.

Starting point is 00:02:19 Then some things would tick-tock. Then you got Germany putting pressure on Russia, hacking taking place in an election with Russia, China and Iran. And then rental properties and Manhattan which are tough to find, are easy to find right now for, for specific reason. But let's first talk about 9-11. Let's get right into 9-11.

Starting point is 00:02:37 So, if you're listening to this, I'm curious, where were you in 9-11? But more curious about you guys, man, where were you on 9-11? I was in the uniform. Where were you in 9-11? But more curious about you guys, man, where were you on 9-11? I was in the uniform. I was, I just got out of the Marine Corps and I enlisted with the Illinois National Guard. So I was a crew chief on a black Hawk. And I was on my way to the base.

Starting point is 00:02:56 I just dropped off my son at school. I think Rubin was in the fourth or fifth grade. He just dropped him off at school. And they call me, hey, so Paul, hurry up, get in here, what's going on? Somebody flew a plane into the Twin Towers. Why would somebody fly a sessna? There was a pilot lost?

Starting point is 00:03:13 That's what I was thinking. I thought it was a small, that was a sessna. Yeah, that was a sessna. I thought it was a pilot that pilot area got lost and maybe it was cloudy that day and boom, Twin Towers. So I get into the radio room. We're all there because we're all kind of looking

Starting point is 00:03:26 at the TV, looking all weird at the TV, like, okay, a lot of smoke is coming out the buildings. I said, they just can't be assessed, no, I mean, what is this, no, and next thing, boom, the second aircraft. I'm like, what are we watching here guys? Is this, is this die hard? You guys watching die hard?

Starting point is 00:03:42 I thought it was a- You really haven't watched that, I know. I know, yeah. And everybody was haven't watched the die. I know it's a lie. Yeah. And everybody was just looking at the TV in shock. Our mouths are starting to drop. Quiet. Quiet.

Starting point is 00:03:52 Guys, we're being freaking attacked. Holy shit. So we're, you know, we're gearing up. Yeah. And we're already in uniform ready. We're going to do a training mission. I said, this is about to go from a training mission to either rescue or counterattack mission.

Starting point is 00:04:04 And we're about to fly- we're from Chicago. So we're about to fly- we training mission to either rescue or counter attack mission. And we're about to fly, we're from Chicago, so we're about to fly, we're about to fly to New York, what's going on. And so right, as soon as that, as soon as that happened, they grounded all the aircraft, nonessential or or or FAA grounded everybody, everybody was pissed. A couple of days, a couple of days later, they later that the New York National Guard was in our area. They were with us at Midway Airport.

Starting point is 00:04:25 And they were calling home, they couldn't get a whole day in body. The cell towers are down. It was just an odd scenario. And then right after we saw that on TV, I went to the school. I said, I don't know what's going on. So I picked up my kids. The teachers came out crying. Is there something going to happen at the school? Is there something going to happen? I just picked up my son. I'm just picked up my son. I teachers came out crying. Is there something gonna happen at the school? Is there something gonna happen? I'm just picking up my son. I'm just picking up my son. I'm sitting back home. So therefore I can deploy if I need to.

Starting point is 00:04:50 But is a very eerie day for you. What a day for you. And just so people understand who Matt is, you had already been in Desert Storm in the early 90s, right? I mean, talk about that a little bit because this is almost a decade later and now you might have to go back again. That was the biggest thing that we were talking about.

Starting point is 00:05:05 So if we just took care of business the first time we were there. Damn. So it would never happen. It's the first thing we were thinking. That's what we were thinking. So what do you mean take care of business? Because we're there.

Starting point is 00:05:14 It was a four day, five day war. In Desert Storm for our younger audience out there, this happened in 91. Yep, and it happened under the first president bush. Yep. Desert Storm, George Cough. Yeah, George Cain. Yeah, and so that's what we're saying. If we were just taking care of it.

Starting point is 00:05:29 But then again, we don't know. We're armchair cord back in this whole thing. I didn't know how deep it was, but you know, we got in and got out and, you know, and to see this happening again. The reason then, here's what we're saying is young man. We want to fight these wars, so therefore our kids don't have to. And here we are 17, 18 years, still over there. Still freaking fighting the wars. Yeah, my story is not as heroic as Matt's I was a oh by farting over well you are you had already been over there and you had served I was a senior

Starting point is 00:05:55 in college and you know getting ready to enter the real world that was you know where were you that was I was in my apartment in Tallahassee Florida at Florida State University to enter the real world. That was, you know, where were you? That was the ninth or the two states. It was, I was in my apartment in Tallahassee, Florida, at Florida State University, home of the Seminoles. I was living with like a duplex of eight buddies, right? Like four and one side and four and one one side. Black guy, a French guy, a Colombian guy,

Starting point is 00:06:23 a couple Jewish guys, you know, like, magick type of guy. We had the most collected crew at Florida State, and I just remember one of our buddies, because this happened, it was at 8 a.m., was it a little bit for that? Yeah, I mean. Right around them. And I remember we were all just kind of getting ready

Starting point is 00:06:41 to go to class, everyone's getting up and showered. I remember just all standing there. All different types of people, diversity, and all just kind of getting ready to go to class. Everyone's getting up and showered. I remember just all standing there, all different types of people, diversity, and all just all Americans, and being like, what the actual is happening right now. And no one had any clue. We weren't like, oh, it's an attack. It's freaking a couple Saudi Arabians.

Starting point is 00:06:59 Like we had no idea. I actually had class at 9 a.m., I'll never forget. And I remember I went to school like having no clue what was happening. I get to class, they said no. Classes canceled, like get out of here. And I was like, okay, so you take it like this, like a campus bus.

Starting point is 00:07:21 And I remember sitting on the bus back to my apartment, people of all different age-shaped sizes are sitting there like, what's going on? What is going on? Who are you? Can I trust you? Was the lab was a quiet? Quiet, you can hear a pin drop in a bus. When you ever hear that. So scary stuff and obviously times have completely changed since that day. I know you have a crazy story. So I was, it was a date, my second day at Morgan Stanley Dean Wooder. 910 was my first day. So it's Monday 9, 9,

Starting point is 00:07:51 11 is Tuesday morning 630. We're at the office. Dave Kirby holds a meeting and we're sitting there listening to him. And then one of the brokers from the corner office screams, turn on the monitor, turn on the monitor. We turn on the monitor to see what's going on. And you saw the first plane. And we watched a second plane hit live. And I'm in the ninth floor of the New York Life Building today in Glendale.

Starting point is 00:08:16 And later on, we ended up having an office in that same exact building. Yeah, I'm the same exact. We're in life of an entrepreneur. Exactly. We're in life of an entrepreneur building is where Morgan Stanley was with New York life So and I'm looking at everybody's looking around the window looking for planes

Starting point is 00:08:30 First thing you're looking for playing because Morgan Stanley's headquarters got hit with 3,600 employees That's what Morgan Stanley said and I'm supposed to go to for sure exactly twin towers So when that happens and the towers come down. I mean it was it was a mess. They sent us home So when that happens and the towers come down, I mean, it was a mess. They send us home. The following day, brokers, the market didn't even open up the market. They were so worried what's going to happen. The following day, brokers didn't even want to call their clients. They didn't want to call anybody.

Starting point is 00:08:55 And you know what's even crazy when you think about this. While this whole event takes place, and you know, it's, you know, who did this, this person did this, has linked to Osama Bin Laden, here's who did all these stories that are coming up. And I'm getting involved in the financial industry. I'm six four, I'm middle eastern, I'm here in Goldie, so I'm going out, it's like, it's constant, you know,

Starting point is 00:09:17 where are you from, I'm from Iran, you're from Iran, you're a side. I'm not the time to enter the country, right? Exactly, perfect time to get into it. Everybody left a marketplace, everybody in that office left the industry, it was like the worst time to be a part of it. But, you know, the one thing I will tell you

Starting point is 00:09:28 when you see when 9-11 took place to follow, here's the one thing, that we haven't seen this time around. And it's almost as if a crisis is required to unify the world. When 9-11 happens, no one in New York looked at you as a Republican or a Democrat. Nobody looked at you as Black or white or a teenager. Everybody was just like, where are you kids? They're missing. You haven't seen them. Wait, let's go find them. Hey, what's your husband? It's got firefighters saying, you know what, I want to go to war. I'm willing

Starting point is 00:09:56 to reenlist. I want them to get into it. There was this idea of unification versus you think about a crisis that we're going through right now with COVID. It's a Devasive it's the vision with divided with this crisis versus being united with 911 when 911 happened America was United States of America when COVID happened America was a divided states of America So who was the hero in during 911? Who was the the beacon of hope freaking Giuliani? Yeah, Giuliani was the beacon of hope? Freaking Giuliani. Yeah, Giuliani was the beacon of hope. He was.

Starting point is 00:10:27 And now he's blasphemed as like this anti-crystallant. What? People forget, man. People forget very quickly what you do for them. People forget until you die in history books. You know, this whole Churchill story, one of the most hated guys there, but when you needed somebody to come in

Starting point is 00:10:43 and take care of business for you, you call Churchill. And then years later after the guys dead, then you really read about who this guy really was. You almost got to wait sometimes for some stories like that for what Rudy Giuliani did to New York. But that's the part where you hope that we experience a similar thing where America becomes united again today. I just, it's a different thing.

Starting point is 00:11:06 But again, for everybody out there, just go watch a video when you see firefighters showing up and trying to get people out and you hear how many firefighters got hurt, how many cops got hurt. You will look at cops and firefighters in a different way than the way they're being painted right now the last six months.

Starting point is 00:11:21 It's a different volcano. Those were heroes. Sure, actually. First responders. How different would 9-11 be if it happened in a day of social media? How different would 9-11 be if it happened in a social media? A life streaming. I don't think it has to do with in a day of social media. I'll tell you in a different way.

Starting point is 00:11:38 How different would it have been in a divisive media time? That's the difference because if it happens today, everybody's pointing fingers. It's, and don't get me wrong back then, it's not like it wasn't a divisive. I mean, Fahrenheit 9-11, whose fault was it? Bush's job, he did it. He's sitting there reading a kid book,

Starting point is 00:11:56 you know, you got all these other things that was coming up. Don't forget it was also the year after the, the buckle of the 2000 election, Gore Bush, Gore, which is at Florida, the Chad of the ballots. There was that going on as well, but somehow we came together. Somehow we were united.

Starting point is 00:12:11 This time around, it's a little bit of a different story. And you wonder why that is, but again, for everybody that's watching this, to everybody that served, to everybody that was there, to all the families, I remember reading a people magazine on the cover, it was mothers with children.

Starting point is 00:12:27 These are moms whose fathers, husbands, worked at the World Trade Center, and the planes hit, and the kids were born after 9-11 to a father that passed away. So there's a lot of emotion behind the story of 9-11, but- Question, before we move on, because I know we have a lot to talk about just on

Starting point is 00:12:45 behalf of someone who has never served I'm sitting here with a Marine and Army just respect for you guys for serving for our nation that's just number one number two as someone who has never served I mean I played college football that's nothing in comparison to what you guys have done just number one salute number two why don't you just talk to the audience about what it's like to serve and what that means for your country? Because I genuinely wanna know,

Starting point is 00:13:10 I mean, you must have a different perspective when you talk about 9-11, when you talk about our country, when you talk about the flag, what it means to serve? Mad, what would you say? You know, we were talking to General Mattis a couple weeks ago during our virtual convention.

Starting point is 00:13:22 And one of his talks at the pain, his first talk at the Pentagon, was on Martin Luther King Day. And he says, one thing about the military, it goes back to its fundamental, goes back to the core beliefs of the United States in terms of fundamentals, I had to get along with other people.

Starting point is 00:13:37 You know, in the military, even though we have given Patrick Iniform a hard time, black, white, Latino, Asian. I remember this at African I was doing an inspection and I was going I was getting to know my Marines and says what's your name? So my name is Moemi Abu Dapu Salvador. What? Moemi Abu Dapu Salvador. Okay, well, Moemi Abu Dapu because he's Salvador. He's African. He's Salvador. I said, so where did a Salvador come from? Because you don't look anything like the Southern. You look very African.

Starting point is 00:14:05 And the way you're sounding, the way you're voicing the people from Africa, from the different, from the Mowime up with the Abu. Right? And so, this is, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well, well's one of the sound like an American last name, Epex Salvador. That's an American. Wow. That's not Johnson. That's not William. Not bad, David.

Starting point is 00:14:28 Wow. So, you know, so the military, we look at one color. We looked at one color. We looked at one race. What do you mean, what's the biggest thing that you have taken from the military?

Starting point is 00:14:38 Biggest thing I've taken from the military. Well, you know, self, you know, self sacrifice, I would say, you know, especially in a day where things are about self sacrifice and that's why he wore a card. I'm willing to sacrifice myself for your life and the life of my brothers and my sisters, then I'd probably end for myself.

Starting point is 00:14:51 Wow. And that's why you got these guys here here, I mean, we served, but the real heroes are the ones in the towers. The real heroes are like the Pat Tums that gave up at NFL career questions. Oh, great. To get in, right? To actually give up their life for this,

Starting point is 00:15:06 as General Mattis would call this experiment called America. By the way, when you talk to General Mattis, some news came out about Mattis yesterday, right? Yeah, because of this whole, you know, Trump talking about, you know, the COVID, all this stuff, and so the same author said, oh, by the way, I also had some conversations with General Mattis, that

Starting point is 00:15:26 North Korea. They're about to launch the military. The nuclear missiles were over and General Mattis is at the ready. You got to figure, General Mattis has been around not only the Marine Corps, the United States military, but around the world, galvanizing relationships and building relationships. So he was really worried about North Korea trying to get some real attention and this is when this is just yesterday it was just yesterday but it was stuff that was done when he was a

Starting point is 00:15:51 secretary of defense right he was ready for it it's ready for something it's been 17 sleeping in the school that was the article came out the the story came out yesterday yeah yeah I mean you you you think about the uh... uh... matters I mean when uh...

Starting point is 00:16:02 met at the interview were you in the room when it was It was one of the most ridiculous interviews I've seen. Profound, shout out to Matt, you know, you for how you did it. That was just profound. Yeah, just for the reaction for our viewers. Yeah, Matt interview, general matters. Yeah. And it was powerful to see that taking place with the interview.

Starting point is 00:16:18 By the way, general matters has some of the most famous lines ever. Oh yeah. Have you read some of his lines? Have you read some of the highlights? Have you read some of the highlights? Pull up, pull up. It's a matter of famous matters lines, which you got to love this guy.

Starting point is 00:16:30 Famous general matters line. He's a modern day Chuck Norris. Yeah, there you go, just tap right there. Shout out to Kai for spelling it correctly. Oh, he almost had it. Yeah, so go right there. I go up, let's see which ones comes up. It's quite fun to shoot them, you know. It's a hell of a hoot.

Starting point is 00:16:46 It's fun to shoot people. This is what he said in 2005. Okay. There are some assholes in the world that just need to be shot. Okay, that's too cheap. I come in peace. I didn't bring artillery, but I'm pleading with you with tears in my eyes.

Starting point is 00:16:58 If you, with me, I will kill you all. Be polite, be professional, but have a plan to kill everybody you meet. There are some people you think, some people who think you have to hate them in order to shoot them. I don't think you do. I mean, this is a pretty edgy guy. Intense, yeah. And he chose not to get married and have kids because he married his career.

Starting point is 00:17:24 War your monk, they call them. Because he dedicated himself to war. 45, 44 years. Can we read the last few quotes? Because if you only read the first five, you think this guy's a complete maniac. He actually is a brainiac, if you will. Eight and nine.

Starting point is 00:17:35 Go ahead, read it Adam. I get a lot of credit these days for things I never did. You know, it's funny that he said that because when I thanked him for this interview, he said, no, I thank you for Marines like you. Yeah. It's a large like you. I built my career on the backbone.

Starting point is 00:17:50 They'd a lot of work to maybe look at. That's what he said. And the last one, engage your brain before you engage your weapon. Yeah. Engage your brain before you engage your weapon. So yesterday we had a girl come in here to help 15 people get a license to carry. Okay. And it was so surprising when we send the email

Starting point is 00:18:08 to our employees to see who was gonna participate. Yeah, some people that brought their entire family. Like one of our guys brought his mom, you know, hey, we wanna get a license to carry. Everybody's carrying a license. And by the way, she was so good. I wouldn't mind bringing her back to bringing to the podcast because of the way she was telling the story.

Starting point is 00:18:24 Oh, she was impeccable on the way she told the first 30 minutes on the way she explained license to carry on what happened to her story of having a license to carry. You know, while I'm reading some of this stuff and she would talk about engage your brain before engage the weapon. She had a lot of good things to say. So, can I make a note of it, We may want to bring her up to the podcast. So, all right, so there's General Mattis right there. So, we've covered a lot. You asked about military, for me, military, what it did for me was I went in because I couldn't wait to leave Glendale, California.

Starting point is 00:18:56 I was working at a very big four prestigious a burger company called Burger King, as well as the Big Four. I was at a big four though, you have to call it a Big Four. Burger King. It's the big four. It's the big four. I was at a big four though. You have to call it a big four. See you on our come fours. I've won for a BK. Yeah, so big three ice cream burger.

Starting point is 00:19:11 It's exactly it. So I'm working over there with my friends, Devin Baharians and Cogin, Alavarian, and we're working over there. And you know, I just said, I gotta figure out what I wanna do my life. One day I'll go to the recruiting station. I joined the army.

Starting point is 00:19:25 I go and I go to Fort Jackson what I want to do my life. Monday I'll go to the recruiting station. I joined the army. I go and I go to Fort Jackson. I go to Fort Campbell, Kentucky, Hanover's Airborne. To me, when I went in, it was GI Bill. You're going to have fun. Uniform get away. And then I go in April 15th and then Fourth of July hits. And I'm in South Carolina for Jackson and Fourth of July.

Starting point is 00:19:41 The entire time is what? Barbecue having fun. All this other stuff. Then you go and you celebrateth of July the entire time is what barbary q having fun all this other stuff Then you go and you celebrate 4th of July in uniform on you know in the military unit You know for Jackson and then you watch you know kernels and tears You you watch you know captains and tears you watch sergeant majors and tears and you're asking why are you in tears? Do you realize what it do you realize what it took for us of our freedom and you listen to the same song that everybody's heard before? Man, it got me so emotional. Then we get to our unit and

Starting point is 00:20:15 I never forget this one. I got to 101st. They said there's a movie coming out That has to do about your unit and you are the first to watch it before the public season and we're like, okay, cool What's this movie? So we're going to the auditorium We going to the auditorium and the movie starts you know what the movie was saving private ride Tell you buddy. We watch saving private Ryan with 600 of us You were at 600 people were ready to go to battle after watching this movie big guys in emotions tears Hugging each other. Let's go. Nobody messes with US. It was intense.

Starting point is 00:20:47 1998, 1997, when I got to my exos, late 97, I would say, you know, saving private Ryan probably came out somewhere late 1997. And then you go to the unit, you learn what it is to sleep four hours a night, you learn what it is to work your tail off, you learn what it is to, you know, have to go out there in the mud in the field, sleep, all this other stuff. It was one of the best decisions I've ever made in my life

Starting point is 00:21:09 to join a little bit of. If somebody's listening to this, you're 18, you're undecided what you want to do with your life, military may not be bad option. When you watch that opening scene, he talked about self-sacrifice, right? And I wanna know what your number one takeaway was

Starting point is 00:21:20 in general, but when you talk about self-sacrifice, and if you have not seen saving private life, you're opening scene, yeah, that opening scene is, cheese, guy's thrown up. Ridiculous. Yes. I mean, you're about to serve for America. You're talking about you have served opening scene.

Starting point is 00:21:33 You're storming the beaches of Normandy trying to take down the Nazis. Half the platoon was just, Clipped. Yeah, done. Blown away, boom. Yeah. Tom Hanks can't hear his way.

Starting point is 00:21:46 What did that do to you? I mean, you think you think you're tough until you see that you're like, okay, how are you going to be reacting to that? What kind of time do you have to be thinking about any of this stuff? You know, what is your reaction mode? Boom, the moment that thing goes down, you could be done. You're a lot of it. Yeah, it's a very, it's it's emotional because you know, yesterday the girl was saying how, you know,

Starting point is 00:22:07 I don't know who asked the question. If you're in the car, oh, one of the guys asked the question He says my brother was driving and three guys pulled up to him next to him in the car in the freeway and they start shooting up in a paintball Yeah, paintball, but you know, it's still your word like a guy takes out a gun and start shooting him. He says He asked her is it legal if somebody has a license to carry to take out the gun and shoot the car? She says first of all, you're not gonna hit the car. You're gonna miss the car. Okay, you're not gonna hit it She said second of all you can think how you're gonna react in those moments You will never know until you are in those moments What she does for a living is she chases human traffickers. That's what she does for them She works with cops FBI that's what she does for a living is she chases human traffickers.

Starting point is 00:22:45 That's what she does for them. She works with cops, FBI does what she does for a living. By the way, would you call her a badass guy? Would you say she's a qualified badass? She's teaching a class, she's got a piece right here. She's fully locked, you know, locked in low. She's ready for it. And you know, when you ask the question

Starting point is 00:23:02 about what you're doing, you go there, anybody can say, let me tell you, you know, I'm gonna do this. You have no idea when you see that. You can't train for that. How do you train for that? When you open up, these are 1890 neural kids that have to have a quick reaction to it.

Starting point is 00:23:16 I don't know, what are your thoughts when you see that scene? This is funny, because you're from LA, right? So I remember DS. DS, if you're listening, Platoon 273, Echo Company, Second Battalion, come on baby, DS, big gang banger, DS, if you're listening, platoon 273, Equal Company, second battalion, come on baby, DS, big gang banger, DS, right? Gang banger's like, oh yeah, I'm out.

Starting point is 00:23:30 Which DS? Not, uh, the, use of recruit. Oh, okay, I was in bootcamp with, I was in bootcamp with. A different DS. Okay, different DS. Cause we have a DS as well, these are big guys. Oh, yeah, yeah, yeah, yeah, yeah. That's a different DS.

Starting point is 00:23:40 So, uh, so he's a big, big thug and, uh, as soon as you got into that gas chamber to practice, how you would react in a gas chamber under a C6 gas, CS gas, right gas. He was crying like a baby in the moment. It's surprising when that happens. You learn a lot about people when some happens to them. To wrap this up, Pat. Yes. To move on, what was your biggest takeaway from the military? He said, self-sacrifice, what was it for you?

Starting point is 00:24:16 I just wouldn't be who I am today if it wasn't for the military. To me, the camaraderie, you cannot explain. The level of camaraderie. You know, last night we went to have a cigar right and we went to your spot chambers can corner yeah very soon so we go to Chamberlain and we're sitting having cigars okay and I'm no longer obviously the CDO the company matters not the CDO but when when I got at the military and I decided to go into sales, everything I ever did, I wanted to have that element of camaraderie

Starting point is 00:24:48 because it's tough to explain. And you know, when you look at the Netflix culture, one thing about the Netflix culture, you really threw it if you've never read this. Did the culture do that? Yeah, well, we have, we'll cover this here in a minute. Cool. When you go through a culture that you create,

Starting point is 00:25:02 there were people that joined the military that hated the culture. I have a friend of mine that I went to high school with. He went to a complete different unit. He went to Alaska and he went to Anchorage for the Wainwright. I don't know if you know for the Wainwright in Alaska. He hated the military. When he got out, everything he said was bad about the military.

Starting point is 00:25:20 I have friends who went in the military couldn't stand it. Oh my gosh, it's terrible. They do this. They do that to you was Horrible, right? I have friends who have worked at Netflix who said I hated working on Netflix I know people who work that Amazon who hated working at Amazon. I know people that worked at Apple Under Steve Jobs regime and it couldn't stand working on some like that But if you go in if you like that

Starting point is 00:25:42 and stand working on something like that. But if you go in, if you like that, you know, team, camaraderie, call out, challenge and push in, humor, laughter, teamwork, I got your back. Let's, if you like that, you would love the military. So all of that we brought out to what we did, every business I've ran, every office I've ever ran, the culture of it's been going back to what we did. Every business I've ran, every office I've ever ran, the culture of it's been going back to what we had at three to six engineers, at Hunter first Airborne

Starting point is 00:26:11 Division Air Solve when we served at that unit, we had a unit, we had a group of us myself, Bradford Gutierrez, it was a group of us, Klingerman, it was a group of us that you couldn't macro or you couldn't separate this group. It was a certain level of camaraderie. You sat together. You sat at the chow hall to get everything you did. You were brothers, right?

Starting point is 00:26:29 So if you tell me what you take away from the military, I cannot describe you the high you get from the camaraderie in a military. And you know, you miss it, but you hope to create it in another environment that you work and obviously that's exactly what we've done. I was going to say when you were describing that, that sounds exactly what we've done. I was gonna say when you were describing that, that sounds exactly what you've built at PHP. Yeah, that's the... What's the longest run individually you've ever been on?

Starting point is 00:26:50 If you went out to go run, for a distance, just to go out and jog, before military, what's the longest you've ever run? Before the military. Before military. To the 7-11. Yeah, you're gonna run. That's right.

Starting point is 00:27:00 And next you know your in boot camp, your in formation, next you know run in miles. Yeah. Did you ever think you can run miles like that? No, I was not along distance runner. That'd be the thing Yeah, be thinking I'm like we got to run three miles. We got to run five. We got to march 26 miles I'll never do this alone But amongst the unit amongst come right team camaraderie for your brothers man. Let's hump it out Yes, yes, so for anyone there, our younger audience out there,

Starting point is 00:27:26 considering going to the military, 100% a good decision? 100% good decision, no, because if you are decided on what you want to do, no, you don't need the military. But if you're lost, if you have no clue what you're doing with your life, and you one have an environment that's going to teach you discipline, toughness, independence,

Starting point is 00:27:44 barriers of washing, you clothes, cleaning your place, somebody challenging you that maybe your parents can't out do because you're emotionally attached to your parents. May not be a bad idea. You got to realize Trump went to a military academy as a kid because he even talks about it. It was a difficult kid growing up, right? So his father, Fred sent him to military academy, he kind of straightened him out. You know, and he told the story, he says, back then, when it was about discipline, discipline was, they could hit you back then when you went to military academy.

Starting point is 00:28:11 It wasn't a PC environment today. No, not today. When he went, I mean, you got to realize, he's 74 right now, so when he went, say he was 11, 12 years old, what is that? 62 years ago? What's 62 years ago? 1960s. 1958 is when you went to military. I mean, that's

Starting point is 00:28:28 a complete different America than what it is. A completely, you could get it with a lot of stuff. But I think if somebody's undecided what they want to do with their lives and they want to go see the world, you're going to see the world, you're going to have great opportunities. And, you know, I mean, look, shout out to Bradford, Bradford, my buddy who's got a channel with the B-Wire Spirit. He's killing it. I'm so proud of him for what he's doing. This guy goes in and he doesn't just go in and do special forces. He decides to go 20 years and takes it to hold it from level.

Starting point is 00:28:53 Some of the projects that he's done, I can't even talk about at a respect to him, but you got some people that go in and turn it into a life. And it's not about money because you don't make a lot of money. You make $2,000, $3,000 a month. I remember this not about money, because you don't make a lot of money. You make two, three thousand dollars a month. I remember this guy's story. Yeah, you don't make a lot of money. But yeah, so that's how that's it about military. Well, salute to you two military veterans

Starting point is 00:29:16 and salute to our military veterans. Everybody, if you're a veteran post below, if you're a veteran, we salute you. If you are a veteran, we salute you. If you are a veteran, we salute you. By the way, let me bring up this Josh topic. A lot of people are asking about Josh. Let me just address it here once everybody understands. Josh came out here.

Starting point is 00:29:32 He was doing some digital marketing for us and it was going good when he wasn't, I think he was at Arizona working for us. And then him and I had a conversation together about him coming out here. And I decided to hire him because of his abilities to be creative and come up with great campaigns. We hired him on board as a president of IIT, and six weeks later, didn't work out. I asked him,

Starting point is 00:29:55 I don't think this is going to work out. We want a different direction. We wish him nothing but the best on what his endeavors are going to be, but it didn't work out. And, you know, when you think about the Bay David podcast here, what we're doing, a couple of things you guys gotta keep in mind, the people that are watching this. I created this podcast for one reason. Let me explain to you what this is. I have a lot of friends that I want to introduce

Starting point is 00:30:21 to the world that I wanna sit down and have a conversation with. Like last night when we were out was a podcast. If you think about it. Last night was a podcast. The last night was absolutely a podcast because we sat there were telling stories. You know, hey, what do you think about this?

Starting point is 00:30:34 What do you think? I got a list of 50 friends that I want to invite to be on this show. You know, these 50 friends that I want to invite to be on this show is to sit down and have many different stories. I mean, we had Tom Zener, the last two, Mattis here. We had Rapa Tony, we've had Josh, we've had you, we've had Ray Crockett, expect to see another 50, 100 friends that are gonna be here

Starting point is 00:30:56 of people that I enjoy talking to. These are people that I enjoy talking to. And many of you guys, for years, keep saying, Pat, you gotta start a podcast, you gotta start a podcast, you gotta start a podcast. Why do I need to start a podcast? I remember when people say you gotta start a vlog, I'm like, oh my, I cannot stand doing vlogs.

Starting point is 00:31:14 I cannot stand doing vlogs, non-stop of cameras following you watching every single thing you're doing. But podcasts are a little bit different because you can sit there and have opinions about certain things and kind of share your thoughts. And so the viewers said, Pa, we love to have the podcasts have a format and obviously now we're doing that.

Starting point is 00:31:31 So let's talk about culture. Is that fair? We have a culture. Let's have a culture. So we got Netflix. Kai, when did read Hastings write this? What's the timeline when he wrote this? Okay.

Starting point is 00:31:44 Can you pull up when he wrote this? So years ago, read Hastings right this. What's the timeline when he wrote this? Okay. Can you pull up when he wrote this? So years ago, read Hastings decides to write his culture. Okay. He decides to write out his culture on how he wants to build out Netflix. By the way, if you've not seen this, if you've not seen this, this is a must read culture deck of Netflix. I don't know if you've gone through this or not. It's 120 something pages. Looks like a PowerPoint of some. It's pretty much what it is.

Starting point is 00:32:12 It's 120 something pages. He wrote this in 2009. Okay. So it's post DVDs. It's post DVDs. Yes. He writes this in 2009. And the whole idea is this is what we stand for.

Starting point is 00:32:24 Okay. This is what we stand for okay This is what we stand for by the way the last six months we've been spending time Coming out with our own culture for what we were doing here with the company both for the field and home office but He writes this then he puts it online and leaves it public Do you know how many views this thing gets? God can you tell us how many views this thing gets Pull up and and type in Netflix culture deck. How many people went to visit?

Starting point is 00:32:49 How many people saw the Netflix culture deck? Let's see. 11 and a half million people have viewed this culture deck. Can you imagine people say, oh, my video went viral. Okay. My podcast went viral. That's just on his slide. Sure. Come by the way. My my I sold a million copies of my book. No, no, 11 and a half million people read my culture deck. For free. How does a culture that go viral, but that's exactly what he did. Okay, I had the opportunity to interview his chief

Starting point is 00:33:29 human resources. Human resources, chief talent officer, Paddy McCourt, right? She wrote a book called Impossible. I don't know what the, I think was called Impossible. I had her on the vault conference last year and I had to come down and I interviewed her because I wanted to find out what is the Netflix culture

Starting point is 00:33:44 and the kind of you know way They work over there right and listen to her you would think it's a whole different company on the way they're powerful Powerful is what the book book is called so here's Netflix and here is What do you call it? Twitter, let's kind of go through this together. So Netflix culture We manage on the edge of chaos. Okay. If you think it'll last 300 years, we've had factories providing enormous economic value, and so a lot of our society has the factory as the model of the organization, very top down, very

Starting point is 00:34:15 process, very efficient. But it's not the right way to run a creative organization. An organization that needs new ideas needs to be able to make mistakes. Netflix employees love working here. It's so fun because people feel the trust, the openness of the culture, information sharing, and because they've got incredible colleagues, and so they got to do a lot. Okay, so Netflix is not for everyone. He says, Netflix is for people who are learning machines.

Starting point is 00:34:40 Machines. A lot of people don't like to be called machines, but he says, no, you are a learning machine if you work here. Best machine. They just love absorbing new ideas and new experiences and are willing to make mistakes to figure things out. And it's those kinds of self-motivated learners

Starting point is 00:34:56 that do so well at Netflix. And then he says, Netflix, CEO Reed Hastings is not a fan of working from home. And once his employees back at the office, 12 hours after a vaccine is approved. Yes. You get the vaccine? Take the shot to work. Get back to work is what he wants. Now Jack Dorsey is the complete opposite.

Starting point is 00:35:16 Sure. Twitter is trying to sublease parts of his San Francisco headquarters. After telling employees they can work from home forever. CEO Jack Dorsey has repeatedly said that having a decentralized workforce has been the goal for several years, sub leasing over 100,000 square feet of office space includes over 878 work stations available up to five years their office spans over 800,000 square feet in total. They are now sub leasing some of their space.

Starting point is 00:35:41 Shoot me, we get some of that furniture. Yeah, give me some furniture. If they have any furniture, it's good. We're going opposite. We might expand. We want to expand our office. Right. Not, not be virtual.

Starting point is 00:35:50 But I think the, but I think the point here is, you got Netflix. Their culture is, you need to be at the office. Yeah. Like, you know, they have a, what's the one line you said about work? He says, uh, uh, uh, Severance Package. What's the one line that we're going to be saying? Adequate, Adequate Effort here at Netflix, get you a generous Severance Package.

Starting point is 00:36:09 Adequate Effort at Netflix, get you a generous Severance Package. So it's not like you're working, they're all, I can take as much vacation I want, I can just kick it, relax all this other stuff. No, no, you better deliver on your product if you don't, you're fired, okay? But, you know, Twitter's a little bit different. Work for one more, you better deliver on your product if you don't, you're fired. Sure. Okay. But, you know, Twitter's a little bit different.

Starting point is 00:36:26 Work for one more. You know, Netflix say, no, no, you gotta be at the office. Who's right? Working from home? Or working from the office? Who has innovated the most? Over time, has it been Netflix or has it been Twitter? I think it's Netflix.

Starting point is 00:36:39 Of course, you know why? Because there's connection. There's connection. This podcast isn't done virtual over Zoom. This podcast is done here in person Support in person. Yeah, because you can't replace high-tech or high touch with high tech You know, there's there's a certain feeling the relationship, you know, the even though we had a great virtual event two weeks ago

Starting point is 00:37:00 The reason why we sold so many tickets to our regional events like we broke records and selling Take us to our regional events January, February because everybody's looking forward to connecting in person. It was the biggest amount of text we ever sold to a next event after leaving our current event. Why? Because people are looking to connect. People were dying to connect.

Starting point is 00:37:17 People were like, you know, this pandemic, everybody has been separated. We had people at our house. We had people at our remote offices. They were connecting and they felt like they were there for their virtue, but there's nothing like being together in a, but there's nothing like being Together in a room. There's nothing like you got me churches great But man, it's nothing like being in church and feeling the Holy Spirit move in the room versus through a computer or TV Adam What do you think I agree with Matt for sure? I will say that there is something magical about not having to leave your house

Starting point is 00:37:46 that there is something magical about not having to leave your house and get everything you want to get done and accomplish all your goals and your dreams and your visions in your PJs. There's something dope about that. But so I like the 80 20 approach. 80% of the time get your ass into an office, be a part of a culture, but 20% of the time, hey man, maybe you take Fridays off, maybe you know, like you're talking to somebody that has not gone other than being here. I ridiculous amount of hours a week. I haven't been in an office in seven years.

Starting point is 00:38:12 Yeah. And my numbers have gone up every year. I'll see you at my company would put my ass back in the office. So this is the, you know, I highlight a bunch of different things. This is the last thing that our friend Reed Hastings, he said, and those kind of self-motivated learners that do so well. If you're self-motivated, you don't need somebody to say, ra ra sis boom ba, and you can do it yourself, you can work from anywhere. You can work from the moon if that's what it'll take to get the job done.

Starting point is 00:38:40 But there's a lot of people that are not self-motivated that need to come to an office, that need to be a part of the culture. So, I don't think creativity doesn't come from the head. Creativity comes from the heart. It's got to come from heart power. It can't come. Yes, it's a logical, but if you want to be creative, you want to develop, you want to innovate. I think you need to be connected. And what we're learning from this lockdown is pandemic is like, I believe there's a combination. There's a combination of virtual, there's a combination, but there's a discipline behind not, you know,

Starting point is 00:39:12 staying at home, a refrigerator, ESPN, if there's sports on whatever case. Distractions, kids, distraction, I think there's a huge value for your company. You wanna grow it and innovate? You gotta be present together. The beauty is that due to technology, we're even able to have this conversation.

Starting point is 00:39:30 Sure. Think about, you know, five years ago, even. Yeah. 10 years ago, COVID happens. How's your virtual, how's your annual event looking at that point? It's canceled. Straight up.

Starting point is 00:39:42 Well, the service we used. Yeah, that remember that oh You two you two through the wall babe if you're listening to this a cospiatric a phone to I threw my phone I threw my You guys put together an amazing Virtual event Matt interviewed general Mattis our friend Ricky interviewed pit bull. Dali I was a Guy Ton that interviewed Tray Gowdy. Tray Gowdy.

Starting point is 00:40:09 Very good, very good. Virtually. Guy Ton, it was very good, very good. But there's something magical about that. That's awesome, that's dope, technology, technology, amazing. But like you said, nothing takes a place. Oh, just, what's up, man, how you doing? Even Tray Gowdy said, hey, next time I look for to do this in person awesome connection

Starting point is 00:40:27 it's not a bad plan B so so let's talk about that so let's talk about working from home or working from an office so to me I've recruited a lot of people in my career I've recruited a lot of people that didn't fit my culture over my career I've recruited people that do well under pressure I've recruited a lot of people that didn't fit my culture over my career. I've recruited people that do well under pressure. I've recruited people that don't do well under pressure. I've recruited people that do well working with their wives. I've recruited people that don't do well working with their wives.

Starting point is 00:40:56 I've recruited people that are hard working, hard charging, constantly going. But the one thing I will tell you is, I've seen that people that are solo people, there are people that are team people. You got the solo, you got the team. It's like sports. You got kids that wanna play tennis. You got kids that like playing golf.

Starting point is 00:41:17 You got kids that like playing swimming. Why? Because it's wrestling. It's me. I control my failure and success and they like it. 100%. Yeah. It's like, hey, I want to be an attorney.

Starting point is 00:41:31 Okay. I want to be an accountant. I want to be a sales person. I want to be a, I want, I want, I want person surgeon. I want to be this, right? And then there's those that are team. Now, here's what typically happens to team people. Team people have been team people for the entire lives. Okay? These are

Starting point is 00:41:50 people that want to be around others. These are people that enjoy company. These are people that don't want to go to the movies by themselves. They're gonna call and say, what are you doing? Let's go to watch them. Hey, these are the people that, hey, hey, you let's go play basketball together. You know, it's the guy that always knew how to put, let's go to the club. Five of you roll up. It's this one guy that, hey,'s this one guy that I don't want to go is a the guy that would come to broke get out of your bed It's 10 o'clock. Let's go. Oh, man. I'm tired bro. Put you your 20 years old. You got plenty of games Everybody had that one friend right that wants to be the team guy You know what typically happens with solo people. Here's what happens with solo people

Starting point is 00:42:22 Solo people some some early, some later, solo people eventually get to point in their lives where they have to make a decision. And here's what solo people have to make a decision. They have to make a decision whether I want to do it all by myself because I'm capped being solo. Solo's got a cap.

Starting point is 00:42:40 Because you can't take over the world by yourself. Your cap. Team people are not limited. Solo people people eventually when they get to that point and make a decision to go Work on a team. Yeah, they need a team around them. Yeah, they tend to take their lives in their game to the next level What's my point I'm making to here working from home is solo? Working from home is not necessarily a team thing. Yeah, working from an office environment together It's a whole team situation that you have there. Great point.

Starting point is 00:43:06 You kind of get a chance to sit down and even right here, there's a certain dynamic going on here. I had a chance to meet his family last night. I wouldn't have met his family. Oh, Luis is who brought the whole family. I didn't get a chance to meet his family. Like, that's not your way. Yeah, that's right.

Starting point is 00:43:18 We're working over here. You know, Sam and I, he took care of me a couple of times. I said, and Mari, I like to, we just guy to experience. He's class. He's like a concierge service. I have to have high school. Right? You sit there. I've had how many times have I spoken to your mom, Kai? How many times have your mom and I have conversations together? I talk to his mom and I got I

Starting point is 00:43:38 know it sounds weird. I'm telling his mom's happily married and I'm happily married. But I've talked to Kai's mom multiple times and you're sitting like, Hey, family, what's up? But if it's not here and you're walking past the desk, there isn't that opportunity to say, hey, how you doing? Because it's at home. So that deep, additional connection of layers

Starting point is 00:43:55 doesn't happen if it's not face-to-face in a group of minds. But doesn't it always just come back to culture? You've created an art culture. It works. Yeah, it works. It's a culture but nobody emotionally gets attached to something that they work from home yeah you can't get attached to something they work from home

Starting point is 00:44:12 emotionally yeah and typically when people want to run through a law for a company or a message or an organization it's got to be in a group environment so that's the thing when it comes out to this part so now let's talk about New York I mean we've been taking a lot of shots at California. Let's give New York some more. Because real quick. I think it can I take a quick break? Speak to the team work from home.

Starting point is 00:44:30 Can I make a quick wish to absolutely? Can I do so? Yes. Sweetheart, if you're watching this, my wife was born on 9-11. Wow. So yeah, she knows. So baby, if you're watching this from the bet David show, we wish you a happy, happy birthday.

Starting point is 00:44:45 Welcome to your 20-1 year old birthday again. Can't believe this is maybe your second time celebrating your 21st birthday again, but yeah, she's excited about this day. We have Barbie planned tonight, but I love you. Happy birthday here at 9-11. And congratulations to Sheena for being the chairman of the board.

Starting point is 00:45:01 I'm both my baby. She's the chairman of the board of the field. It's amazing for her to go from where she was at, both of you guess where you are today. So, okay, so let's start my Manhattan. Yes, she and I have you, I got something special coming your way, so be prepared for it. I would be surprised.

Starting point is 00:45:17 I would be surprised. So Manhattan. Manhattan. Manhattan. Manhattan, New York. Okay. Manhattan, Manhattan, Manhattan, New York. Okay, had a record, 15,025 empty apartments in August. Let me say this one more time. Manhattan had a record of 15,025 empty apartments in August.

Starting point is 00:45:38 The Borough Vacancy rate rose above 5% for the first time ever, according to a report from real estate, from Douglas Element and a praser, Miller Samuel. It was the highest level in the report's 14 year history during which Manhattan's vacancy rate has fluctuated between 1.5% to 2.5%. Guys, let me say this to you. To go from 1.5 to 2.5% to 5% is say this to you. To go from 1.5 to 2.5 to 5% is double. This is not a small number here.

Starting point is 00:46:08 Over the past four months, the rate has made a steady and steep rise hitting a record each month. Adam, you see the stats when New York, 15,025 empty apartments in August. 5% vacancy for the first time. What do you think about this? If you asked me in August, 5% vacancy for the first time. What do you think about this? You know, if you asked me in February, so every summer I tend to get out of my,

Starting point is 00:46:30 born and raised in Miami, I live in Miami, I can work remote. If you ask, so every summer I try to go someplace different, I travel, what have you? If you asked me this February pre-COVID, what my summer plans would be, I'd say, there's a hundred percent chance I'll be in New York, chillin, I love New York City, you know, rented apartment for a month or two.

Starting point is 00:46:51 I love it. I love it. I just I put on some headphones that I just walk all around the city. There's nothing like it in Manhattan. In Manhattan. It's the bump. Fast forward. In the second city closest to York City, Addison, Texas is nothing more than an idiot. Best speech. I mean, it just shows what COVID has done. It has taken the life out of New York City. I mean, think about why you live in New York City.

Starting point is 00:47:19 Think about why you pay a premium to live in New York City. And New York City number two, most expensive place to rent. Number one, San Francisco, median rent in New York for a one bedroom, 700 square feet, $3,000. That's unbelievable. That's a lot cheaper. National average, you're looking at 1,400 bucks. So double, and then if you're talking,

Starting point is 00:47:36 that's median, actually. Average, actually, closer to 4,000. But you pay a premium for all the fun and amazing stuff you can do in New York. The museums, the parks, the culture, going out to eat. But if you can't do that and you're sitting at home, why the hell you paying three, four grand or if not more to sit in your apartment? Yeah. There's no point. Yeah.

Starting point is 00:47:57 So you pay a premium premium for fun and lifestyle, but if there's no fun at lifestyle and you're just sitting at home and you can work virtual It's actually a very good point. You're making why would you ever live in New York at this so so de-benefit that New York offers You're now not getting so why am I paying that kind of money to be in New York? Very valid point of New York very valid point very valid point. What do you think about that? The same thing to is back to culture. That's the culture of Manhattan, the connections. And the whole cycle, if businesses aren't operating to create the jobs and the jobs for people to make money,

Starting point is 00:48:31 people to spend the money. So a business can still thrive, so bigs and receive the money. So that whole cycle is not happening right now. So if the cycle is not happening, this is exposing that vacancy. So this is the question to ask. So when you think about right now with NFL Game

Starting point is 00:48:47 yesterday, we were watching the Shawn Watson against Pat Mahomes, right? Shout out to Mahomes for coming out. He does. Just doing what he does. And then the Shawn Watson, he lost a very good receiver. We hope he gets something back because that guy's a talented guy. But you know, you're watching a game

Starting point is 00:49:05 and they have some fans there. They were expecting 17,000 people in KC. Yeah, a lot of these NFL stadiums, they're not selling any tickets. But KC said yes. So 17,000 people showed up to the game, right? Give or take. They usually have what?

Starting point is 00:49:18 70,000? They usually have 60,000, 70,000 people there, right? So you watch the NBA, the bubble, right? And you see what's going on with the bubble and you're watching some of these games and people watching the games from there, what do you call it, their screens, then, you know, their zoom. Okay, cool. Let me see how this is going to work. The question you ask with sports is and restaurants is the following. Say because of COVID, NBA lost a million fans that are watching it. I'm just throwing a number out there.

Starting point is 00:49:47 The question I got to ask is, how many are gonna come back, okay? So if you watch football and you're watching, and say, I'm not interested like I was before, you're gonna have the fans to scream and the hollering, oh, you know, the Richter scale, I'm the sound, oh, it's so loud, right now. Seattle, go loud, you know what Seattle's known

Starting point is 00:50:04 to be one of the loudest, but Oklahoma Seattle's known to be one of the loudest and most homicidious known as being one of the loudest. 12, and yeah. Now you don't have that element, right? I mean, if you're missing that 12 minutes, so are you gonna watch a game the same way, but the question becomes how many are gonna come back? I think the biggest thing with this man,

Starting point is 00:50:17 Hatten Deal is the following, fine. You're at 5%. Yes, it's scary. The question is how many are gonna come back to you? Right, that's scary. The question is, how many are going to come back to that question? Because if it doesn't, Mayor de Blasio needs to be fired ASAP. And Cuomo has got to get involved because one of his mayors has screw in the whole thing in New York. And Cuomo has got to look at what things he's doing to take some responsibility and see what they need to change in the state of

Starting point is 00:50:41 New York to not be losing people, to gain people back. Because you remember the whole conversation we had a few weeks ago where the whole thing was, well, you know, AOC, you know, Amazon, why should we give you tax breaks to come to New York City? Why are we giving these billionaires tax breaks because they're moving their entire operation to a place that they're not used to, and they're gonna create 25,000

Starting point is 00:51:05 jobs at an average salary of $150,000 for your city that you lost. Well now that you're losing an audience and your apartments, $15,025 are empty. Do you want those people back? So, Korma has to sit there and worry and say, how many of these are going to come back? How many of them that we lose permanently? How many of them that we lose permanently? How many of them that we lose permanently? Because I left California to go to Dallas. It's a lot of shoe.

Starting point is 00:51:30 You know what the plan was when I left to California to go to Dallas? To go back to California. To go back to California, but California's lost me. Yeah. California's lost me. All my friends, family, everybody's in California, and you can close my eyes, put me in the car,

Starting point is 00:51:46 open the window, I can smell and tell you what street we're on. I've driven on every single road in LA in California. I mean, you can tell me, take me anywhere, I know how to go to any place, because I've been all over California, all over LA, right? So now I come here, I'm lost every other day, okay, I just know how to get to the office in the airport. These main ways are very different.

Starting point is 00:52:08 Maybe hot. Yeah, exactly. It's not a lot. So now you go to a different place, but that's a permanent person you lost. This is not a temporary person. A permanent person with jobs. They created jobs. You're okay losing temporary people.

Starting point is 00:52:20 For example, when hurricane happens in Florida, where do people go? New York. New York, but it's temporary. So Florida doesn't care because I've listened after the hurricane, they're coming back. When New Orleans hurricane hit, people left permanent. Right, right, right. So New York has to ask, is this a permanent exit this, or is this a temporary one? Because if it's permanent, New York's about to take a hit that we don't even know the aftershock effects of this.

Starting point is 00:52:45 You mentioned a few podcasts, a bunch of billionaires also departing. Yes. So not only the vacancies are happening, but you got job creators and innovators. $336 billion of wealth left, that's a lot of money. So there's a- You know who's gonna have to do a lot of cooking?

Starting point is 00:52:58 Governor Cuomo. He'll come back to New York, I'll cook you dinner. Well, you got cooking or recruiting. About 15, 16,000 people to cook. You know, I get people that give me a hard time and they say, Pat, I'll cook your dinner. Well, you got cooking about 15, 16,000 people to cook dinner for. You know, I get people that give me a hard time and they say, Pat, I cannot believe you like that guy, Cuomo, and you say good things about Cuomo.

Starting point is 00:53:11 He's not who you think he is and all this other stuff. Let me tell you what I've learned how to do. A lot of you guys say stuff about Adam, okay. Adam, this, Adam, that, Adam, this. Let me tell you, Adam gets along with everybody, okay. Adam is homey. Adam is shale. Adam, Adam and I, I met Adam eight years ago.

Starting point is 00:53:31 And when I met Adam, I'm like, you know, he would always approach me. I'm like, I don't know this guy, but I like this guy. Every single time and then eventually, I'd see him once, he's like, hey, you going, yeah, I'm going all cool and then we'd run into each other, run into each other, right? You know, I just like this guy. Politically, he can, you know, stand Trump

Starting point is 00:53:48 and he can't stand this and maybe I'm gonna be on a different side when it comes down to policies and all this other stuff, but the guy is cool, right? Adam's cool, you can call him soy boy, you can call him whatever you wanna call him. The only guy on the show that has a nickname, right? Soy boy, I don't even have a nickname. You got a nickname, you're good.

Starting point is 00:54:04 My soy boy, no, no, so he boys like Madonna. Some people have just a name like Madonna. I was walking down the street. But the point I'm trying to make to you is the point I'm trying to make to you. And by the way, you know what's funny is a lot of people are saying, you know what? I got to tell you, I used to hate Adam, but I love him that I hate the fact that I have to say But you know you know, thank you guys the thing about the thing about Cuomo is I don't look at politics So the first thing I look at is I said do I like this guy? Yeah, that's how I judge people first things I do I like this guy

Starting point is 00:54:40 That's how people should operate that first you say you, you know what, I like this guy. Who they are, not what they are. Yeah. And then what's his belief system? And then why does he believe in what he believes in? And then, if it's, you know what, cool. I totally get why you believe in what you believe in. Totally get, I understand the reason behind it, right? But Cuomo's got his job cut out for him,

Starting point is 00:55:00 and because he needs to have an emergency meeting and figure out a way to keep him. And by the way, and I just saw the stats, I don't know if you put it here or not, New York's going back to 25% opening, but there it is, New York Cuomo announces indoor dining reopen to 25% capacity, but experts say it's not enough to say restaurants on Wednesday, New York,

Starting point is 00:55:17 and Andrew Cuomo announced the state would open that up as of September 30th, which is ended this month. Most restaurants operate on razor thin margins and barely break, eke out a profit even at 100% capacity. Andrew Riggie, the executive director of New York Hospitality Alliance to business and told business inside of Cuomo's announcement came after 300 restaurant tours, father class action lawsuit against Cuomo and mayor de Blasio seeking $2 billion in damages and demanding

Starting point is 00:55:44 that restaurants be allowed to reopen diner rooms. What the hell is 25%? I mean how many waiters and waitresses do I get at 25%? That's not 25% by the way. Yeah. And then they needed six staff. So they're eight to 12. Oh, they're counting the staff as part of the 25%. Let me get the straight. Well, wait, wait, wait, wait. Oh, wait. So if you have 75 capacity, you can only have 12 guests. 25%.

Starting point is 00:56:17 Plus six staff, 18. That's 75%. 72%, 70%. That's pretty insane to be thinking about. What is 25% gonna do To save these restaurant business so the servers got to be the host the bartender the bus boy So therefore they can have more tables to turn. I mean we go to this one restaurant Greek restaurant in By pressing hollow we love this place. It's a hole in the wall, but it's phenomenal food

Starting point is 00:56:40 They're dressing their salad dressing. It's it's got something in there. That's a dick there I don't know what I'm telling you love it and by the way they make the best Arnold Palmer at this place I'm an Arnold Palmer at 75 25 or 90 10% through it in the guys base. We get out damn sour So it's actually true story So So what's it called? Yeah, so we go to this place and one day I noticed they're very busy I said what's going on? It's a Greek restaurant owned by a guy from Ukraine, okay? It's funny. They you crane guys owned this Greek restaurant and they kill it. They cook better than Greeks do.

Starting point is 00:57:27 Okay, so there's one waitress who is serving all the tables because that's what restaurant owners have to do today. I can't have a lot of people be in there because I got to pay the money for them. So you're, I'm opening up to lose money. 25% is open to lose money. 50% is open to lose money. So I think this, this pressure New York's having is going to get

Starting point is 00:57:47 to hold it from level. So as much as they'd like to keep this thing dragged that for a little longer to help with the election, I think Cuomo is going to eventually cave in and realize he needs to satisfy his citizens and the people of New York and get things back to normal. Maybe not fully, you can still have the masks stuff that's going on, but get it back to fully. So we'll see what happens.

Starting point is 00:58:05 Ask our audience. How many of them are in New York? I know we asked our audience. How many people were in California? Yeah. How many of you are from New York? And if you are in New York, if you are in New York, how are you feeling about the restaurants opening up at 25% by the way, if you're watching this and you're having a good time with this, put a thumbs up, share this. I, and hit the subscribe button, I think we're about to cross 2000 live in the next few minutes, you were at 1781, but you know, so you know,

Starting point is 00:58:33 that's what you got going on with New York and Cuomo and 15,000 apartments. Let me just say one thing about these razor thin margins. Most restaurants operate on razor thin margins. That's where you took that from Kai from this article. You know, I did an interview one time for a sales talk's money on my show. I interviewed the number one hotelier hospitality guy in Miami. And he said that you know, think about a business

Starting point is 00:59:00 that makes $4 million in gross sales as a restaurant, he has to hope and pray that he can make 10%. So net, net, $400,000, and then after that he has to pay taxes. So you're talking about razor thin margins here. You're operating costs and everything after that, you got to hope and pray for 10%.

Starting point is 00:59:18 I said, that's the number, that's number. 90% is paid out. 90% paid out. So you were talking about, only it's 25% capacity What a rough how do you offer like that? There are a rough business to be in that business Why Pomo is gonna be cooking? Yeah, Komo is gonna be cooking but I think Komo has common sense I do believe Komo has common sense because it's gonna be a trigger effect you did a poll

Starting point is 00:59:38 California or New York better place for entrepreneurs on Twitter. Yes on 3100 votes Yeah, New York California 50 50 50 but on Instagram 51,000 votes California 59 New York 41% better for entrepreneurs. Okay. What's the difference? What do we got? I mean people gave their arguments why they believe California is better than New York because New York is smaller more condensed California is wider. You can build that in more different areas of California. Northern California's got business. Southern California's got business. Central has to business.

Starting point is 01:00:10 So there's a lot of different places. So New York is more New York city. It's in Zverk. You don't hear upstate buffalo. You don't hear a lot of that stuff. Start the business in Albany. Yeah, I don't know if I've heard that. Unless if you're...

Starting point is 01:00:20 What's better, oh sorry, go ahead. Go ahead. What's better for taxes got to New York is ahead of California so California's California's 50th worst out of 50 states wow New York is 42nd so if you had the choice of moving back to California or moving to New York what would you pick pbd I would move to Florida I love that answer but I also want to say there's a triggering effect here. If you've got this much empty apartments,

Starting point is 01:00:47 you got restaurants barely staying in business. They're in a $60 billion loss. What's another industry in New York? It's about to implode or have a major setback. What else? Hotel's a real estate. A real estate. Commercial real estate.

Starting point is 01:01:00 A lot of these landlords are going to have a tough time paying that mortgage. What's the real estate? CDC announced. You can't evict anybody if they're not paying the rent until the end of the year. CDC just announced that anybody that's renting, if they have a loss of a job and they're making less than $199,000,

Starting point is 01:01:15 husband and wife together, their rent is forgiven until the end of the year. CDC came out with this part. So, you know, it's not a good time to be in commercial real estate. Tech very fixed though. Yeah, it's not a good time to be in commercial real estate. Tech very fixed though. Yeah, it's not a good time to be in commercial real estate right now. It's a very complete, a very interesting time.

Starting point is 01:01:30 By the way, Portland becomes the first city to ban the use of facial recognition technology by government agencies and private entities in public spaces. Let me read this one more time. Portland becomes the first city to ban the use of facial recognition technology by government agencies and private entities in public spaces. Mayor Ted Wheeler said during hearings that Portland Ders should never be in fear of having their rights of privacy be exploited by either their government or by a private institution. freelance journalist KK reported the ban also creates a legal right for people to sue private companies

Starting point is 01:02:06 that collect their information and violation of the law and seek up to a thousand dollars in damages for each day of violation. So Portland becomes a first city to ban the use of facial recognition. What do you think about this? You know, I don't know what to make of this because when I initially think of Portland, I think of very liberal city, right? Like Oregon, liberal, Democrat. initially think of Portland, I think of very liberal city. Yeah. Right? Like Oregon, liberal, Democrat.

Starting point is 01:02:27 Yes. So on the surface, I hear Portland I'm thinking liberal. Then as I kind of unpack this a little bit more, I'm thinking this is more of a libertarian, like don't infringe on my rights. And then I kind of gravitate to more of like a conservative, you know, let me do what I want to do, don't interfere. So I don't know what to make of the story. Is this a liberal thing?

Starting point is 01:02:51 Is this a libertarian thing? Is this a conservative thing? Stay out of my bedroom, stay out of my face, stay out of my right, I don't know what to make of this. But they're standing in their grounds. Either one way or another, Portland is standing up to facial recognition. I guess this 5G is this part of that stuff,

Starting point is 01:03:06 or this is a Palantir, what was that? Palantir, I don't think Palantir's linked to this, but facial recognition, I mean, you got to, why would a private entity, I get government, because for police and enforcement, but why would a private entity want facial recognition?

Starting point is 01:03:24 Is it for the own security? Well, no, I mean, you gotta realize, the sole meeting that they're having at the house with Amazon, Google, all these guys is selling your data. Of course, right. Selling your data. So a very big TED meeting that took place 10 years ago, they said, what is the best industry to be a part of

Starting point is 01:03:45 to be a part of in the future in the next few decades? They said data. It's all about data right now. Whoever's got the most data has the best access. If you've got data, you can retarget, target. You can do a lot of things if you have the data on people, right? So I understand why private agents, like why would private enterprises

Starting point is 01:04:02 wanna have a facial recognition in government. Yes, I get it But Portland see here's the thing you know you sit down and you talk to somebody about politics I almost anybody I talked about politics and you say you don't ask them Are you Democrat or Republican you don't ask them that you're just ask them basic questions you say let me ask you How comfortable are you sharing your privacy with others people say what? Okay, how comfortable are you an institution or an organization known about your family you and your wife sex life? It's zero. Okay. How comfortable are you about the government or an institution known exactly about all your financial situation? Where you're at? Okay, how comfortable are you a organization known everything about how you raise your kids?

Starting point is 01:04:48 How comfortable are you? No, are you comfortable with that? Yeah, no. Okay, okay. Okay, if you were to choose to live in another country, Adam, you got three kids, you got four kids. What if one of the first things you would consider before you want to move into another country? What would that country need to offer?

Starting point is 01:05:17 Safety. Safety, okay. You would want a station for your kids? The first amendment. Okay. First amendment. First amendment. Okay. Let me ask you a question. If somebody comes into your house and decides to take stuff out,

Starting point is 01:05:27 should you have the right to hit them upside the head with a baseball bat? Should you have the right? If not more. But I'm asking the question, I'm not asking politics. If somebody breaks into your house and they want to steal all your belongings, should you have the right to own a gun

Starting point is 01:05:41 and tell them to get the hell out of your house? Should you have the right to do that? Yes or no? Okay, so let's just say you're upset about somebody that is going against you in politics. Should you have the right to call a meeting and bring your 50 friends and family members to your place and say, look, here's what we need to do,

Starting point is 01:05:56 go up against the mayor. Should you have the right to have a meeting with 50 friends and relatives locally? Okay, so this is everything. I'm saying, okay, so let's just say you go out and you work your tail off. You work 60 hours in a week. You miss great memories of your kids and you have to work that one weekend.

Starting point is 01:06:10 Maybe even you work in on Christmas weekend because you are in retail. You have to work on Christmas, right? How much of your dollar you make are you comfortable given to the government? The very least is possible. How much is that very least? What are you comfortable with not getting without getting upset without getting irate? Five percent you make a buck. I'm actually being serious. You make a buck. What are you willing to give? What are you willing to give five cents five cents? What are you willing to give Adam?

Starting point is 01:06:35 I mean I wanted to pay his least taxes. You need a number. What are you willing to temple? So what's your question if I tell you according to my tax bracket 39 something percent? No, I didn't say what your tax bracket is I'm asking you what you're comfortable. I'm not comfortable paying shit But watch this but say I come back to you and I say okay fun you don't want to pay shit You say no, I don't want to pay shit. Okay, so is it fair to say that the roads are on you? Right did you go to public schools? I did so So you pay for all public school roads, your own cops. You're around 9-1-1. So meaning you would like to pay some taxes. You say yes. What portion of your dollar that you work your tail off would you like to give to me? 15% flat tax. Fine. 15%

Starting point is 01:07:17 Are you being sarcastic or serious? No, not. Okay. Now that you're saying look at me. The point I'm trying to make to you is I agree with the people of Portland. Yeah. What the hell do you mean? You want to have facial recognition? Yeah. You know first of all facial recognition everywhere. No. I don't want you to do any kind of facial recognition to me. Are you a spy? We going back to these and just the fact that it says Portland becomes the first city to ban the use of facial recognition. Here's a real question Who's really how many people are listening to the same? So if they're the first city to ban the use of facial recognition. Here's a real question Who's really how many people are listening to the same? So if they're the first city This means all the other cities are recognizing my facial base on anywhere I go What it to me?

Starting point is 01:07:54 They're being deferred. It's like you don't want to use your face idea anymore And and by the way, I know some people are gonna be like well Pat you know Portland is this and Portland is that I've been to Portland Believe me. I know what Portland's like. I had an office in Portland in 2010. I'd go to Portland every other month. I had to go to Portland in 2000. Yeah, regularly.

Starting point is 01:08:13 And it's definitely weird. It's qualified. I never been to Portland. What's going on in the North West? I've never been to Austin. I've been to Austin. Austin is weird. That's their motto.

Starting point is 01:08:23 Austin's got nothing on Portland. Really? Qualified weird. Qualified weird. They take it to Austin. Austin is weird. That's their motto, right? But Austin's got nothing on Portland. Really? Qualified weird. Wow. Qualified weird. They take it to hold it from level Portland. But I get along with weird. I don't have a problem with the people.

Starting point is 01:08:32 I get along with weird people. You get along with everyone. I get along with everybody. But the point I'm trying to make to you is, how is the weirdest city in America today? Bending facial recognition. That's what my point initially is. I don't know if they're liver cancer. What do you think about it?

Starting point is 01:08:52 So do you think other people are gonna do it as well? Yeah, I think so as well To open up your iPhone yeah, yeah, you might need a mic. Yeah, very soon, very soon he'll get a mic. That'll be a promotion for that guy. Okay, all right, so there you have it with these. So, let's talk about the next company, a company that Adam has never gone to because Adam is team coach. Adam is team coach.

Starting point is 01:09:20 Adam has never bought one of his girls, Aloeva Tomback. Oh, never. I wish they were for a control. Yeah, so Adam is a team coach. Adam is never bought one of his girls, a Louis Vuitton back. Oh, okay. Never. I wish they were for a contract. So Adam is a team coach. We wish that were for a contract. Adam is team Michael Cors on this count on Thursday. Oh, I wish that my lady friends would take a group.

Starting point is 01:09:34 Yeah, you have no ideas. Well, how many arguments I've had over person? Over person. I'm in my career. Yeah. Let's get to the topic before I go. All right, just hold it together. Hold it together. So Tiffany Se to the topic before I go. All right, hold it together. Hold it together.

Starting point is 01:09:45 So Tiffany Seuss, Louis Vuitton. Yesterday, US-Jewelter-Fanysuit, French luxury giant Louis Vuitton, in Delaware after Louis Vuitton, tried to back out of a $16.2 billion acquisition of Tiffany. Amongst other things that in the light of the threat of heavy additional tariffs upon French goods by the US-Francés,'s Ministry of Europe and Foreign Affairs recommended a letter that Louis Vuitton delays proposed acquisition acquisition of Tiffany until after January 2021. Tiffany itself has also backed

Starting point is 01:10:18 Louis Vuitton to postpone the closing of the merger to December 31st. However, under the terms of the merger agreement signed by Louis Vuitton and Tiffany in November of 2019 and closing cannot be extended until Beyond November 24 2020 Louis Vuitton Said its board has decided to adhere to the conditions of the agreement What do you think about this whole thing between Tiffany and Louis Vuitton since you have a special place in you know Louis Vuitton Louis Vuitton has a special place in here. Why don't you tell us what you think? The best part of the story is how you pronounce Louis Vuitton. Louis Vuitton. Oh my God, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French, French? Let's just talk about LVMH, Louis Beton Moette, Hennessy. It's owned by Bernard Alnell, your French friend.

Starting point is 01:11:11 You know what number he is in the world, rankings of wealth. Interesting. What is it? I don't know. Number three. Really? Number three.

Starting point is 01:11:18 You got Bezos. You got Gates, and you have Arnold. This guy. Number three, France. Right. And then you're thinking what? I mean, so let's just, what brands does LVMH own? Let's just, luxury brands.

Starting point is 01:11:35 Don't Perillon, Moin, Hedicy. Hello. Bulgaria, Sephora. Where all my girls like to get makeup. J'ai v'n'chaid, D'Ole, Fendi, D'Key, and why? The list goes on and on. They own a luxury book. Oh, wow.

Starting point is 01:11:47 So unfortunately, I've had to buy a lot of those types of gifts for lady friends. Buy and drink them. Yeah, buy and drink them. Whatever this lawsuit is, I couldn't even read this. I'm like, I have to spend so much stupid money. So the thing about me, my friends, everyone out there, I don't mind spending money on ladies that I'm with.

Starting point is 01:12:09 I don't buy, I don't spend anything on myself. That's my whole thing. It's like, I don't have a car. I bought a girl Alexis. I don't wear jewelry. I bought an a girl Tiffany Medallion. I don't, you know, rock anything. I've bought an a girl, uh, Louis Handbags. So I've spent a lot of money on these types of products But I'm a simple guy. I'm a simple guy. So I don't know. You're a Louis guy or what are you? Oh Ricky's a big Louis guy Ricky's all Louis. Ricky's underwear's Louis. This guy is Mask is Louis mask. Yeah, I didn't know I didn't know Ricky that well and he put it on I thought he was joking

Starting point is 01:12:45 Yeah, buddy. I'm gonna roll out and run a Louis face mask buddy. I'm like can you even breathe? This is about the rules are always as well. They just bought a rules was that I thought the ghost Yeah, they just got it. They just had the lambo announce the roles. Yeah, he's doing his thing. So what do you take? What do you take on this? You know, I wonder what the power move is. Why would, yeah, I get the move that the,

Starting point is 01:13:12 it's a tax thing. It's a, it's a terror thing. But you know, in your book, is there, is there a power move here that we haven't, is there just one thing to make a timely decision based on the money that you actually don't come across as a power move? You know, I just broke a deal yesterday and have to have to battle about the broker and the deal was about how to

Starting point is 01:13:29 Minimize taxes. That's what it is Yeah, I think this is purely a tax thing and I think they got to work with them I know the soul in November 24th and give me a break I mean if they want to do that and you extend it for a month and a half to get the deal done just do January Yes, but I also understand what it is that if you had an agreement on a contract and they refuse to do it, they don't have to do it. So we'll see what's going to happen. We hope it doesn't get too ugly because both of these brands have been historically very

Starting point is 01:13:54 prestigious and we hope they stay that way. Well maybe some people hope they don't stay that way. So there's a discount for it, but it is what it is. I think some of the bigger questions is what everything happening with COVID around the world, the richer getting richer, the poor are getting poor are these brands are the manufacturing stuff right now and selling them I'm that's right are they Manning is there a market for these brands still there's no question there's a market for I mean I I happen to peek into your conference room the other day and there were gift bags

Starting point is 01:14:22 Louis Vuitton bags and to your Gucci bags for sage and that was just a weekend and at the PVD house so yeah yeah you did give those away to we did give away I don't know what the number was 50,000 stuff we give a lot of stuff away but so okay so that's that part let's let's let's go to Amazon Amazon added the x ns a spy chief who presided over the edward snowden scandal to its board Thursday it has elected former national security agency chief keith Alexander to its board Alexander presided over the ns a one-year-dewish

Starting point is 01:14:59 node and scandal broke snowden reacted to the news of Alexander hiring to amazon saying it turns out hey Alexa is short for hey keep Alexander which is pretty powerful general key that Alexander presided as director national agency from two thousand five to two thousand fourteen after which he found that his own cyber security company iron net security is this something deeper than what it is or is Amazon just trying to protect themselves against the cyber attack? Well, he was the first general Keith Alexander was the first commander of the US cyber command. Okay, so

Starting point is 01:15:32 If there's anybody that knows anything about setting up and establishing it's him. Yeah, I think this is just a smart addition to the board You you just recruited a guy that can provide a lot of value relationships and insights of people that trying to come after your company Are you reading into this atom or no? That's the only way. No, anytime that the word general is in the sentence, I just throw it over to Sepala. So you take this one Matt. General Matt is General Keith Alexander.

Starting point is 01:15:54 You know, the story that I have here is regarding Edward Snowden. And this is where my problem with the media is Edward Snowden a good guy? Is he a bad guy? Is he a bad guy? Is he anti-American? Is he pro-American? This guy, I don't know.

Starting point is 01:16:11 This guy's name has been out there for so long. He's a guy that just doesn't want to be in fringe on. He wants his privacy, right? Just leave us alone. That's what it would seem. And he was the Why can't I think of the word the When you when you whistle blower. Thank you Kai whistle blower of everything that was happening

Starting point is 01:16:35 this was in during Mid to mid you know 2010. I want to say maybe before that point is This Edwin Snowden guy Edward Snowden guy, Edward Snowden guy, seems like a legit guy, but the media has portrayed him to be sort of a bad guy. I mean, what's your take on Snowden? I mean, who did he expose? Give me the name of who we expose. You expose the government.

Starting point is 01:16:56 Okay, who, who wasn't a government when he exposed the... I want to say Bush. Okay, who else did he expose? Who else did Snowden expose? Who else did he expose? Who else did Snowden expose? NSA? Who else? Who else did he expose?

Starting point is 01:17:10 I mean everybody. I don't know who he was doing this. Everybody. Hillary, everybody. He put it out there. Yes, and it was everybody. Okay. So when they do that, you know, you're gonna have the government

Starting point is 01:17:21 that's gonna call the media saying, hey, listen, you guys gotta kind of cut this part out and this is a little bit too much and you know I'm not happy about this and you know sometimes like what he's saying hiring somebody like that You know you're really hiring his roller dex Amazon is hiring Keith Alexander's roller dex It's it's the contact you talk about from 2005 to 2014. That's nearly 10 years. Yeah, okay What's his roller dex look like in the space of cyber security? And is that the role of Dix that Jeff Bezos wants? Of course.

Starting point is 01:17:51 Of course he wants that. He wants that role of Dix. So he wants to call those contexts that he has with Amazon. I think, you know, on Bezos move, good for him for getting it. I also understand why the media would turn this into a story. It's probably something you got to write about. Because it's always interesting when things like this take some like when Huawei, when a UK in one of the scenarios

Starting point is 01:18:10 hired somebody, a former executive from Huawei, little bit strange. When you get some of these companies that are hiring former cybersecurity from China, I mean, this happened just last year. You got to pay attention to it, but I don't think it goes much more than that with, basically. Are you a Snowden fan?

Starting point is 01:18:29 Anti-Snowden? I am, I am all for anybody that whistle blows on the government who's trying to manipulate against the people. What I'm not against is when whistle blowers, whistle blow against a country's plan of attack or strategy. I don't think that's healthy for the people because the enemy knows what they're gonna do next. But if you're gonna whistleblow somebody

Starting point is 01:18:51 on what they did 10, 20, 30 years ago, or even in emails, when Clinton or some of that, I'm with that. We need to know what's going on there and the manipulation part of it. So yes, I'm with that part. So, since we're talking about this by the way, we're talking about the, uh, NSA and, uh, uh, you know, if there's

Starting point is 01:19:10 any kind of link with some of these other countries, what they're doing with a snow down the whistleblower, um, a documentary was sent my way. Okay. And the documentary is titled covert cash. I don't know if you've seen it or not. Covert cash. I haven't seen it. I sent it to you. If you get a text from Pat at midnight on a Tuesday saying, watch this, you freaking watch. We all get me, me, Kai and Mario.

Starting point is 01:19:34 Sorry, Mario, Kai and I. Let me use proper English. Kai and I. Text that. I watch it immediately. What did you think of? What did you watch as that? First of all, why don't you tell people who are listening

Starting point is 01:19:44 to this? What did you think about it? Watch it, first of all, why don't you tell people who are listening to this? Okay. What was the documentary about? So I'll try to do it justice. The documentary was basically about, I've said she was the lead person, main storyteller here, covert cash, what US universities don't want you to know

Starting point is 01:19:59 about their foreign funding. So let's talk about foreign funding. And they highlighted basically a handful of countries. Number one, China, number two, Russia, number three, Saudi, number four, Qatar, amongst a handful of other countries that are basically, it's a pay for play thing. Kai used a great word, prostitution,

Starting point is 01:20:18 where these universities are accepting a boatload of cash to indoctrinate students. They're philosophy. They're philosophy. So the Confucius school, China sets up Confucius schools in certain, so it's sort of like soft power, right? If anything we've learned about China's, they're not going to go attack you. They're going to do the, they're going to sort the they're going to sort of soft power their way weasel their way in whisper their way in to say things about you but it was actually

Starting point is 01:20:50 shocking how much these universities would accept and then when China says don't say nothing bad about us they say yes sir yes sir to the point where what I think the story was oh they they talk about the the leader of Saudi Arabia, what is it? MBS, Muhammad Bill Salman. He goes around to these universities and they're just like bowing down because he gave him, you know, a couple billion bucks. So the most poignant part of this episode of this story was Qatar sued Texas A&M for talking about certain things. They shouldn't be talking about. This is a public university in the state of Texas. Come on now.

Starting point is 01:21:34 Can you get more American than that? Don't get more American Texas. And they sued him to shut them up and talking about things. And you know what Texas A&M did? They shut their mouth. No. So that was the craziest thing. They wouldn't release their records. They wouldn't talk about it. And you know what Texas A&M did? They shut their mouth. No. So that was the craziest thing. And they wouldn't release their records. They wouldn't talk about it. They could have money back. It was a very, very shady pay for play type of move.

Starting point is 01:21:52 What? So let me give you some stats. Let me give you some stats. Harvard leads all US colleges that's received a billion dollars from China. Wow. This is from Bloomberg, by the way. I'm not quoting you anything else but Bloomberg.

Starting point is 01:22:07 And Bloomberg is Bloomberg. He just ran for president. On the left he's supposed to drop that to support Biden. This is not political stuff, but this is not right. This is not political stuff. This is all about the green, as I said. Harvard leads US colleges that received a billion dollars from China.

Starting point is 01:22:24 And why are you receiving a billion dollars from China? And let's just say you do receive a billion dollars from China. And first of all, why are you receiving a billion dollars from China? And let's just say you do receive a billion dollars from China. If anybody receives a billion dollars from somebody, what do you owe them? Yeah, exactly. Something. Something, right? It is. Okay, free lunches.

Starting point is 01:22:38 Yeah, you owe them something. Yeah. You know, so- No free egg rolls. Yeah. So, what do you owe them? You owe them a favor. Yeah. You owe them to protect them against what? You owe them to change the way a certain thing

Starting point is 01:22:48 is being said in schools. You know a couple of weeks ago, not even a couple of weeks ago, I think it was this week's podcast when we talked about how China is changing the way you think about anything. They want you to think about them in a very positive way. The movie Mulan. Right where they said, Hey, the main actress in Jackie Chan, you got to say good things about

Starting point is 01:23:09 CPC, communist, what is it? CCP. China, China, come as part of China. I would say good things about you. You got to say good things about them. Here's a half a billion dollars. Say good things. Okay. Yeah. So, but a billion dollars was given to China then the other countries you look at was Russia was Qatar Was Saudi Arabia Iraq Pakistan Palestine Syria Turkey Venezuela Why my enemies but out of all of these come these are all enemies you're taking money from what you didn't take your money from these enemies So you know for me it becomes even more

Starting point is 01:23:46 concerning because so every university gets started with a good intention. I think whoever starts a university there's a good motive behind it. You want to add your own method of teaching, you want to add your own style and most of these schools are named after somebody. Harvard was somebody. Howard somebody. You know, Yale, it's a name of somebody, right? And when the school bring them young BYU. Yeah, BYU, LDS, somebody, right? In Utah. But to take money from China, and now you're gonna teach my kids a certain way of thinking and my kids are gonna spend more time with you. And by the time they're 18, I lose them to you. And now you own them because they're gonna say things like,

Starting point is 01:24:27 and we're supposed to ask parents, tellin' our kids what, listen to your teachers. Listen to your teachers. So your kids are grown up saying, well, mom, you told me, listen to your teachers. Study your subject matter. Daynators, but here's the question. How many, who says more this?

Starting point is 01:24:40 Watch this, who says more? Do parents say more, listen to the teachers, or do teachers say more? Listen to your parents. No, parents say listen to your teacher. Parents say more. Listen to your teachers. Teachers don't say listen to your parents. This is a monopoly here. Parents are taught to tell their kids to go listen to the teachers, but teachers are not taught to tell the kids to go listen to the parents. So you and me for 18 years to tell my kids, listen to your teachers. Yeah. And then you want me to send them to school that got a billion dollars from China.

Starting point is 01:25:06 And you want me to have China teach the history of China from the perspective of China that gave you billion dollars to say, take those three sentences out of your textbook because we gave you billion dollars, wink, wink, or where. You know what? No, no, I'm not good with that. In my mind, I think there's somebody from China

Starting point is 01:25:23 that goes to that school and edits all the material and fuses into the curriculum, what they need to learn, what they need a sensor or need to take out. That's what I'm envisioning right now. If you take this check, we're going to have a team of people come to your school university into your curriculum, and here's what you need to teach everybody. That's what I'm visualizing right now. All these countries. Yeah, I just realized something by the way, as you were speaking. I'm visualizing her. I know. All these countries.

Starting point is 01:25:43 Yeah. I just realized something by the way, as you were speaking. Now, because obviously you're looking for schools for your kids in certain places. And you're always asking, what is this school belief? What's their principles? Always. Always, what do you know about this school? Yeah.

Starting point is 01:25:57 I'm realizing now, because they're going to be around these teachers. They're going to be around these influential people. Yeah. And you want to make sure that your kids are being taught what they should be being taught, not what someone paid for them to do. And the fellow students are there being taught the same thing.

Starting point is 01:26:11 Let me say, you get, you get, Ertem, we see you just so you know that. He says, Turkey is a nation of NATO. Mario, whoever, you can keep that guy going. I'm not uncomfortable with that. He can be on there. This is fully fine. But, you know, a nation of, yeah, no spamming police, I understand,

Starting point is 01:26:32 but we saw him for saying things like that. We don't want to see spamming. But Turkey is a part of NATO, but just because you're a part of NATO, doesn't mean you're a full on ally, ally, 100%. America walks very carefully with Turkey, because Turkey's the most powerful, has the most powerful military in the Middle East,

Starting point is 01:26:49 and you have to be good with them. This is why the Armenian genocide hasn't become official by the White House, but it did by Congress and Senate, because you have to be very careful with Turkey, because you still own three bases in Turkey, and if you do say Armenian genocide, Erdogan has said that he's gonna kick those three bases out

Starting point is 01:27:05 and American needs those three bases. And so there's a whole story behind it. I don't wanna get a little bit more technical, but I understand that Turkey is a part of NATO. What's the relationship between Turkey and Iran? For allies? No. Agitators?

Starting point is 01:27:22 No. What's that relation? I think Turkey kinda holds their guard with USA If you screw me, I'm gonna become a friend with the people that are your enemies. I think that's the angle that Yeah, it is you gotta always be careful. You know, sometimes you have people that are close to you and you watch them You know the people that work close to you, but they stay close to your enemies I'm always worried like I have somebody that's working with me. Why are you following my enemies? What's your motive of following the enemies? Why are you befriending the enemies? Those guys don't have a long lifespan with me because if you're

Starting point is 01:27:52 doing that, what is your motive? What are you doing here? Can't play both sides. Yeah, what are you doing there? If you're in, you're in, if you're not in, then go do whatever you want to do. I'm not there. This is not no dictatorship for you to have to be here. But you got to be careful. You know, you got to do, I'm not there. This is not no dictatorship for you to have to be here. But you gotta be careful. You gotta be careful what's going on. And with the schooling, if anybody's listening to this, if your parent asks more questions, when you go interview a school, ask them,

Starting point is 01:28:15 like, I asked the schools the following question. Let me ask you, what do you guys say about capitalism? I ask the question, what are your thoughts on capitalism? What do you guys think about rich people? What do you think about entrepreneurs? What do you think about politics? How do you think the president's doing? How do you think about this? How do you think oh, yeah? How do you think about the oh, you know like I went to one school and we sat down and they said We are known as the number one most progressive school in all of America and we fully believe in climate change and going green And we teach our young kids

Starting point is 01:28:45 about being progressive. For 35,000 dollars a year? Yeah, no, not going to send my kids to your place. I'm not going to send my kids to your place for them to be told how terrible rich people are entrepreneurs are, and capitalists are. No, we're not going to do that. I have my daughters where I'll capitalist to share. I have a shirt called Capitalist.

Starting point is 01:29:00 Yeah. And we're to the high school. How much crap did you get today? Nothing for the students, but I got some teachers. Yeah. Teachers. called Capitalist. And we're to the high school. How much crap did you get today? It's nothing for the students, but I got some teachers. Yeah. Teachers. Why are you wearing that shirt?

Starting point is 01:29:10 Why was it that shirt? Why are you wearing that shirt? I remember one time we were sitting with Ayoki, Steve Ayoki, the DJ Steve Ayoki. And Nancy was wearing a shirt, say, I love Capitalism. And he walks in, she walks in, and Steve looks at her and says, I love Capitalism. What kind of shirt is that? She says, oh, we're an entrepreneur channel. Okay.

Starting point is 01:29:28 Yeah. So he was uncomfortable about it. Why is capitalism a bad word? For some people it is, because capitalists are seen by these cartoons that a lot of us were raised on is these big fat men who take money away from the skinny people. That's what the cartoon character show.

Starting point is 01:29:45 You ever seen the cartoon characters with big fat capitalist? A capitalist is always painted as a big fat fat. Fat cat or a pig. Yeah. Big fat pig that takes the money away from everybody. What are the socialists painted as? Oh, loving angels, you know, wings,

Starting point is 01:30:01 Gabriel S. You know, a Michael angel, you know, Michael Angel. You know, he's so lovely. They have a great track record. They love it so much. You know, you're so incredible. You know, by the way, this leads me to a few that took place between Elon Musk and Reich.

Starting point is 01:30:18 Oh, there we go. Robert Reich recently. Let me read this tweet. Yeah, if you have this tweet, pull it up. Oh, you got it. Okay. Here we go. Tesla Robert Wright who worked under Clinton administration. He worked under Obama administration, I believe, and he also worked under Gerald Ford. We have to say that as well because he's been around for a long time.

Starting point is 01:30:39 He's got a couple of documentaries, an income inequality and saving capital. Yes, he does. But with his saving capitalism is not really saving. No, it's really taking shots at capitalism. Correct. A negative spin on capitalism. So Robert Reich says Tesla forced all workers to take a 10% pay cut from mid-April until July. In the same period, Tesla stocks skyrocketed and CEO Elon Musk's network quadriple from 25 billion to 100 billion. Elon Musk, and then he says on the bottom, Musk is a modern day robber baron.

Starting point is 01:31:09 Elon Musk responds, all Tesla workers also get stock, so their compensation increased proportionally. You are a modern day moron. You know, here's a story with this guy, and they're having a battle, and I send out a tweet myself yesterday as well And if you can type in Kai Robert Reich guardian just go up there and up there top no no go a Robert Reich and Guardian

Starting point is 01:31:37 Robert Reich Guardian G.U.A. Gar, there you go. The first one I came up just press on click on that and then go up there and type in Go up there and type in China China it's an article they click on that one. Okay, watch this. This is an article he wrote last year Forget China. It's America's a go up a little bit. It's America's own economic system that's broken Okay, so you're American apparently keep going lower keep going lower keep going lower look look what he says The American economic system it for is focusing on maximizing shareholder returns And it's achieving that goal on Friday the S&P notched a new all-time high

Starting point is 01:32:14 But average Americans have seen no significant gains at their incomes for four decades Adjusted for inflation China's economic system by contrast is focused on maximizing China. The government is achieving that goal. 40 years ago, China was still backward and agrarian. Today, it's the world's second largest economy, home to the world's biggest auto industry in some of the world's most powerful technology companies. Over the last four decades, hundreds of millions of Chinese people have been lifted out of poverty because of capitalism.

Starting point is 01:32:44 Because of capitalism. that's why. See, you got people like this that are in America that are under payroll of people from China. They're under payroll of people who don't love America. It goes back to your earlier point. It goes back to my thing. There's a little money from it. Let me give you some money and buy you.

Starting point is 01:33:01 And if, you know, I had a conference called this week with on the dream team call on Tuesday. And here's what I said. I said, you know what kind of people, when you're young, and even if I ask you, okay, when you're younger and naive, how can you be bought? So you're a woman, you're attractive.

Starting point is 01:33:24 Let's just say you're dropped, that are attracted. How's an 18 year old girl bought by a 32 year old guy? How's she bought? Give me the words. You probably have, yeah. Outside of gifts, how do you do it? You're at a stay-later. You're at a counter of a foot locker.

Starting point is 01:33:41 Girls working there. Beautiful. I'll take care of you. I'll take care of you. What lines? Give me some. I'm not gonna give you all my lines, Pat. foot locker girls working there beautiful what do you say what what lines give me why you working here you don't have to work here anymore yeah you don't have to work oh my gosh well the one thing about all of us here's the two of us we won't be kids one girl in our life Yeah, so but the line is You know, I didn't say it that loud

Starting point is 01:34:20 I got it right. I got it right now. She know I got my life right now. I You know that was just What's the line you think about oh my gosh, you're so beautiful. Let me ask you. Does your man take care of you? Man if I had somebody like you I'd be focused on you 24 seven What does he do? He must take care of his car more. Does he focus on his body more, I'd be focused on you 24, seven. What does he do? He must take care of his car more. Does he focus on his body more? I'd be focused on your body more. This kind of stuff, if I was ready to go. This kind of stuff, if I was your man.

Starting point is 01:34:52 This kind of stuff, you say, right? If I were you, I would do this to you. If I was your man. So the 18 year old's like, oh my God. I want to be with this guy. And then you fall for it, right? As you age, you know, and a couple of people screw you over, okay? Man and women, you'll learn what kind of woman you don't want to be with.

Starting point is 01:35:13 Women realize what kind of men they don't want to be with. So and then when another person uses that same script and you fall for it, you're a qualified moron. Okay, because that script's been used on you in the past before, right? And women use that line as well. You know, man, if you were my man, every time you woke up in the morning, I wouldn't let you leave the house. You know, all this stuff. I've heard this line before before we watch him on you. We watch him on you. No, no, no, the way you say this, you've heard like line before says, uh, foamy once, uh, if you foamy, uh, if you, well well you know what I'm talking about Have you heard that Jake Holsom? Where he uses that? Oh my god, it's amazing in the middle of a hip-hop rap song. He plays that

Starting point is 01:36:00 Fumat can't be fool. Yeah, you know what I'm trying to say. Yeah, but I mean listen That's why he got reelected because people just like them. So go on back Should I go back to this as you age? If you can be bought by money and compliments there's character flaws there The cheap man if you can be bought if loyalty can be bought through Money and compliments. Yep, and here I'm made by compliments, flattery. If you are so desperate for flattery and compliments, that's a stranger. Somebody you don't have a deep relationship with can come and tell you how

Starting point is 01:36:33 special you are. And you they butter you up and you fall for it. There's deep insecurities in you that needs to be addressed. Okay. If somebody says, oh my gosh, let me tell you, and by the way, and I'm talking pure flattery from somebody that is doesn't have a long-term relationship with you. That's not done anything with you. That's not experiencing anything with you,

Starting point is 01:36:51 but they tell you something like how special you are, how amazing you are, right? Pimini, I get that insurance industry. I get guys that insurance, you're like, hey, why didn't you come work with us? We have 100% contract, 125% will give you a lead that all this, you know, Patrick doesn't know what he's doing. You have much better life over here,

Starting point is 01:37:06 much, much easier for you. You don't have to work so hard. I get it all the time. Yeah. And our guys get it all the time. Yeah. But that's just everything. So how do we get to this message here?

Starting point is 01:37:16 Robert Reich. Right. Okay. If another country wants to buy you today, how do they buy you? I mean, you saw how some people try to buy us with $600,000. Hey, come do this and come do that.

Starting point is 01:37:27 And by the way, please understand this. I am not saying, hey, if a person sells their business, you are what do you call it? You are a, because we just had a conversation with a guy yesterday that sold his business, so you are a sellout. No, you're built, you build a business somebody wants to buy it.

Starting point is 01:37:44 You have an ex-stretching. I'm talking about if somebody, an enemy of mine called me. Perfect example. I got a call from one of my enemies. And he and I talked. That's the only person in the world who says that sentence. I got a call from one of my enemies. Yeah. And we talked. Right. And we spoke. Let me be a competitor. Yeah. Okay. Okay. I know. And we talked. Right know you're saying. And we talked, right? And we talked and we had an hour and a half conversation together, right? That's another line you'll never remember. Yeah.

Starting point is 01:38:10 And he calls me and we're having a conversation together. This person knows my position and he knows who I am and he knows how my position is with him. But he calls me. Every once in a while he'll call me. And he calls me and this one that we had a very good conversation together. And he had some things he was sharing with me that he was frustrated with. So for me, I naturally will give counsel. I don't give counsel based on manipulation.

Starting point is 01:38:35 I don't give counsel based on trying to brainwash you to hurt you. I'm going to give the counsel to you because that's how I win my loyalty. Even if you're my enemy, till today I have the darkest secrets about people who have screwed me over that no one knows about. Darkest secrets about people screwed me over that I'm not telling anybody about. My wife doesn't know about this stuff. My wife doesn't know about the darkest secret I know about people, but if I know something about my wife's, my wife needs to know because if it has to do with my wife. But if I know about people, but if I know something about my wife's, my wife needs to know because if it has to do with my wife. But if I know something, you're confiding in me and you're telling me,

Starting point is 01:39:10 Pal, let me tell you what happened with me and XYZ. I'm keeping it because I want that reputation to be, here's how paddys, if this happens with them, right? He calls me and he says, well, you know, in the industry, this is what's happening, people are leaving and people are going here and people are going there. And what do we do to, you know, get people locked in? I said going here and people are going there. And what do we do to get people locked in? I said, here's what I do know. I said, if you take care of your people genuinely, you genuinely take care of your people and

Starting point is 01:39:33 they leave you, one, it's a character issue, two, you never had them in the first place. It's that simple, okay? You never had them in the first place and it's their loss. I said, but if you do you write You treat people right you go out and deliver on your promises to the best of your abilities Eventually you build a reputation of marketplace and guess what people who are mature say Marketplace is not filled with people that keep their word Marketplace is filled with a lot of people that are flattery

Starting point is 01:40:02 Marketplace is filled with a lot of people that are entertaining Marketplace is filled with a lot of people that tend to tell you whatplaces fill with a lot of people that are entertaining. Marketplaces fill with a lot of people that tend to tell you what you want to hear. But the marketplaces not filled with people that keep their word. If you find somebody that does that, you'll lock on to that, right? People like him are for sale.

Starting point is 01:40:17 People like him, you have to be very careful with. Because you're going after bashing an entrepreneur for what? This guy's created jobs. He's put all these things on the line. You guys got five kids. He's spending more time creating his businesses that's making the world a better place and you're upset about it.

Starting point is 01:40:31 Now listen, I'm not saying you're saying Ilan Musk is Jesus. I'm not saying you're saying Jeff Bezos is, I know Jeff Bezos is power place and what he's trying to do and all this other stuff. And I know where this guy's at. He's got these crazy imagination things that he wants to do. But he has made the world a better place. How has Robert Reich made the world a better place?

Starting point is 01:40:48 And Elon Musk is right to call him a moron. You know what? Because Robert Reich's never ran a business. He's never created an invention. He's never ran three, four business all the same time. Simultaneous. So he's right to call him a moron because he's never been in the trenches of an entrepreneur. Robert Reich, it represents an organization that told Elon Musk, it'll take 13 billion,

Starting point is 01:41:08 what does it, it'll take $6 billion, what was the number of times, $6 billion and 13 years to go in space, and that was NASA. And Elon Musk did it in six years, well less than a billion dollars. So your organization cost, God knows how many more times, versus Elon Musk did so Elon Musk saves money you cost people money And again, I think it's important for people to realize when a guy like Elon when the job creators like here's what I said the other day

Starting point is 01:41:34 I send out a tweet. I don't know if you can go on my Twitter profile if you can get their fast try if you can I'll just read it off here. Here's what I said I gotta say, I'm fired today. Spelling everything correctly, pulling everything off. Okay, there you go. That was my quick. Right there. Right there. I said, job creators, I favor word politicians.

Starting point is 01:41:53 One risks everything to start a business and which helps create jobs for others. The other wakes up every morning finding a way to hold job creators hostage by threatening them with new regulations. I choose job creators 10 out of 10 times. Exactly. That's simple.

Starting point is 01:42:08 Exactly. And I feel bad when job creators are bullied. I don't like when job creators are bullied. I don't like when entrepreneurs are being bullied. I don't like it. I don't like it when that's taking place. And I think sometimes these politicians throw their weight around just because you can go make somebody's life a living hell with regulations.

Starting point is 01:42:22 I think sometimes we got to protect our entrepreneurs. We're at 2119. We've never been at 2119. It's very cool. If you're also following the podcast, put a thumbs up and share this podcast. We're coming to the tail end of it. I think we got 40 minutes here before we wrap up our 10 o'clock. I know you got to fly that 12 o'clock yourself as well. But let's see what also needs a favor from you. Yeah, let's see to wrap up on $9.59. Let's see what we got here. Oh, which one you guys want to hit up? You want to hit up city group new female CEO?

Starting point is 01:42:50 You want to hit up board challenge? Sure, black, you know, directors or Germany putting pressure on Russia or hacking in election. Russia, Iran. Let's put it board challenges. You want to go to board challenges? Let's go to board challenges. All right, so let's go to the board challenges first and then we'll go to the city challenge. Those two stories. All right, so let's go to the board challenges first,

Starting point is 01:43:05 and then we'll go to the city group. So, board challenge. US firms add a black director to board within 12 months. 9% of Fortune 500 companies, board members are black. Let me say that one more time. Only 9% of Fortune 500 companies, board members are black. 66% of Fortune 500 board members are black. 66% of Fortune 500 board members are white. 18% of Fortune 500 board members are white women. Statistically, 72% of directors have previously board

Starting point is 01:43:34 experience and half are current or XCEOs per hydric and struggle. So, 9% of board members are black, Fortune 500 companies, 66% of white men, and 18% of white women. What do you have to say about this? You know, it's interesting, because I'm looking up here, the percentage, the black population in America is 13.4%. Yeah. So, there's a large percentage there that is not addressed in corporate America. You look at 9% of Fortune 500. We're only looking at 500 companies.

Starting point is 01:44:05 And when you're looking at this, one of the, you speak about job creators because of the business we've created here at PBD, I've been able to reinvest my mind. My wife and I've been able to invest our mind into other job creators. And we've created an investment in the company. It's a faster growing whiskey company

Starting point is 01:44:22 right now in America, ran by a black woman. And it's the only multi-culture board in the liquor industry that is run by multi-cultural board. And so we're looking at these things and saying, you know what, I can't say, hey, you gotta do this, you gotta do that.

Starting point is 01:44:37 The only thing I can say, listen, we need to take charge on our own and control, where we can control. And you know, call the south where it needs to be called out and address the things that need to be addressed but at the same time the challenge also is within us. That's us create the businesses to this create us the next 14 500 companies. So therefore we can appoint our boards and I know it's going to take a minute but you know that's why podcasts like this exist that's why the information and the awareness needs to to to create but I think corporate american can do a lot better but you're looking at two multi-cultural guys here with no college degrees creating a company that's

Starting point is 01:45:13 our answer you know it's a it's a it's how we go about our business I don't I don't what do you say about that you know instinctually just how I am when I see only 9% of Fortune 500 board members are black. I said, this is fucking ridiculous. Come on. We got to do better than this. Like, that's what I have in my heart.

Starting point is 01:45:33 But I've realized, don't just jump to conclusions. Start looking at some numbers. Matt brought up a great stat. 13% of America is black. Okay. 17% Latino. 61% white, 5% Asian, 2% multicultural, multi-racial, 1% Indian.

Starting point is 01:45:59 A lot of amazing Filipino people here as well. I don't know where they are, where they're at. The rising up, they're going up. They're rising Yeah, where they're at. The rising up there. They're rising up. So they're in the hospital. Instinctually, what's my point? Instinctually, I'm thinking we got to do better. We got to do better.

Starting point is 01:46:11 So I guess my answer would be we need to do at least 4% better. We need to at least mirror what's in the population. So two points here. Number one, I'm all for hiring the best person for the job. For the job. Right, so like I know that we've talked about when Biden sort of pigeonholed himself, where he's like, I'm going to select a black female.

Starting point is 01:46:33 Okay, respect, I feel you on that, I'm good with that, but is that the best person for the job? So I'm sort of conflicted, I want you to hire the best person for the job, but at the same time, I'm all for giving people a shot. So there's been many years where I'm sure that, it was way less than 9% that African Americans were on the board of a 500 Fortune 5-Aid-J Company.

Starting point is 01:46:54 I'm sure 10 years ago it was 5%. And I'm sure 25 years ago it was 2%. So as long as we're doing better, and as long as that we're in inclusive society, but as long as it's still The best person for the job. Okay, so I got some data for you. How about that? Is that okay with you if we do some data? I like data. Okay, I got data for you. Here's my data for you I understand what both of you guys are saying and I'm with you

Starting point is 01:47:18 But here's what I did I went online and I got the follow and percentage so. So a percentage you got is what percentage of Americans are African-American, which is 13.4%. What percentage are Latinos, 18.5%, and what percentage are white? Population-wise, there's roughly 42 million African-Americans in America. There's roughly 52 million Hispanics,

Starting point is 01:47:41 and there's roughly 234 million whites. So let's do whites and blacks, specifically because we're not talking Hispanics and there's roughly 234 million whites. So let's do whites and blacks, specifically because we're not talking Hispanics here. So there's total 234 million whites in America, 41 million, 42 million blacks in America, okay? Whites, blacks, population total. Then when I pull up the data here from the government, NCES.ED.gov, it says degrees conferred by race and ethnicity.

Starting point is 01:48:08 Oh, check this out. Okay, so this is pretty interesting. So now you go to bachelor's degree for whites, for whites percentage wise versus blacks, what degree, what percentage gets degrees, right? Total population in America, whites 1.21 million is the degree, college degree, this is during that year. Blacks was 192,000, okay, for that specific academic year.

Starting point is 01:48:40 So whites to blacks was six plus times more. By the way, Latinos got more bachelor degrees than African Americans. Latinos was 217,000 versus African Americans, 190, 2000, which is not a big deal because there are more Latinos than Hispanic than African Americans. So that part makes sense. Look at the Asian numbers. Asian numbers, the Asian numbers. So those numbers, the Asian numbers are not, Asian numbers right there, 133,000, actually Lord and Latinos and blacks, but the population of Asians is not that big.

Starting point is 01:49:12 Yeah, so look, here's where I'm going with this. Here's where I'm going with this. If you wanna be in the board of a Fortune 500 company, what do most board members have in common? They have degrees and they went to fancy schools and they have experience. I'm not on a Fortune 500 company board and I don't have a four-year degree. I don't have a two-year degree. So it has also a lot to do with hiring qualified people

Starting point is 01:49:35 that go and get degrees. If you want to be on a board, you've got a higher qualified person. Go be on a board that has to do with having the right education. Sheena sits on our chairman of the board, right? Your wife is a chairman of the board of the field. Right. Prior to you guys getting married, what was she? She was a salesperson for a striker and she got a college degree at University of Pitt. University of Pitt. And she was a softball player. She played pro. She got full-right scholarship. She was a rock star, right? But she's got a degree from University of Pitt. Right. And she's half white, half pit right and she's half white half black and she's

Starting point is 01:50:06 the chairman of the board we so you have a black single mother you know but has a degree that brings value we she's a chairman of the board this not just anybody so I think these numbers are obviously you sit there and say well we have to because it's 13.4 percent we have to have 13.4 percent of all the board members being black you can't say that it's 13.4%. We have to have 13.4% of all the board members being black. You can't say that. It's got to be the percentage being made based on how many are getting degrees that are getting results. It's not just about color.

Starting point is 01:50:33 You know, at our home office, if somebody comes here, they would say we discriminate. Why do we discriminate? We have more black workers here than any other ethnicity. Somebody could say we discriminate. Somebody could say, well, Pat, your race is against white people. You have more blacks than whites here. It's not about that. It's very uncomfortable.

Starting point is 01:50:47 The only white person that's going on around. But when you look at the environment, all I'm saying to you is, all I'm saying to you is in many circumstances, I do agree. Nike has to have black board members under because their product, and their products are athletes, NFL NBA. Yes, sure. That does make sense, but they also have to have soccer because they're getting more And they're products are athletes, NFL, NBA. Yes, sure. That does make sense, but they also have to have soccer because now they're getting more into the soccer side.

Starting point is 01:51:09 I think Adidas needs to get Kanye West on there. I do agree with that. And if he bought Gap, he needs to be on there as well. There needs to be an element of that that there needs to be some cleaning up to do. But I don't think it's as crazy and as astronomically, oh my gosh, America's a racist nation. They don't want any black board members. I don't think it's as crazy and as astronomically, oh my gosh, America's a racist nation, they don't want any black board members.

Starting point is 01:51:28 I don't agree with that. I'm just curious, how much of those college degrees are actually from Ivy League schools that are board members? I wonder what the potential breakdown of that is. Well, you know, if you want to ex-YZ Texas A&M versus Harvard, does that have any play? Depends on the state. Depends on the state. So if a company is a Texas

Starting point is 01:51:45 Company they're gonna want Texas universities to be there. It's a lot of pride in Texas. They want Texas universities to be there But if you look at private equity for example the private equity world You saw yesterday when you and I and you and we're having a meeting together all the private equity guys right now We're dealing with there are Ivy League all of them are Ivy League all of them Gold in ticket. He said yes to go to you get you get you get Ivy League degree You go become a private equity guy you do deals with private equity guys are from Ivy You're making your two to ten million out of your income Private equity. Yeah, dark miss, you know

Starting point is 01:52:16 But if you went to if you went to an elite school like me Glendale Community College One take guys when you go to Glendale Community College and you have the kind of letters that I got, letters of acceptance. Yeah. When I got my letter of acceptance from GCC, I mean it was celebration. We went to Sizzlers, we celebrated with Ponderosa, Nightcook, and VK job. Man, it was celebration time. When I got my letter of acceptance from GCC. So now let's talk about city groups.

Starting point is 01:52:43 I'm assuming you got something to say about our friend here at City Group. City Group's new female CEO. First woman, CEO of Big Wall Street Bank. Wall Street Giant City announced Thursday that it's a CEO, Michael Corbett will retire. After an eight year tenure at CSCO, he'll be replaced by Jane Fraser. Where'd she go to school? Okay, put her in the East. I got it.

Starting point is 01:53:02 She went to Harvard. No kidding. She went to... She was just talking about what she was talking about. She worked for Goldman for a while. She worked for McKinsey. Is that the consulting group? The biggest one. Right. So she has pedigree and she has a track record. It's good for her. This woman Jane Frazier is a certified G. This is not a small story, by the way. You may think of the major banks in America.

Starting point is 01:53:28 This is the first female CEO ever, ever of a major Wall Street bank, Jane Frazier. So this is historic. I think this is a wonderful role model for women. I don't have daughters. I know that you have a daughter. I know that you have daughters. I think if they want to be entrepreneurs

Starting point is 01:53:51 and they want to be in the business world and they want to succeed, they're going to might be saying, well, what CEOs have run major banks? Take a look at Jane over here. Yeah, well, just to have Pamela Yena, the family Yelena and the former, if there was chairman too as well. Yeah, when you're looking at this stat,

Starting point is 01:54:06 you know, I remember the, there was a study in 2010 that 60% of all wealth in America shifted into the controlled women in 2010. I was doing seminars and doing seminars about that. It's funny because some guys, the world's shooting, when I got married, my wealth, my house shifted into, in 1995, in 2010.

Starting point is 01:54:23 But more women today are graduating college in men. More women today are in politics, more women today in nonprofit, for-profit organizations running executive directors of companies, CEOs of companies. But to see finally now a woman lead a bank breaking the good old boy circle and now woman has influence.

Starting point is 01:54:41 Because listen, in my house, P.B.D., in your house I know you have very very strange in conversation with Jennifer about money, but in the clients that we serve, you know, a good majority of the conversation of kitchen table conversations is, I'm the man of the house, I'm a man of the house, right, babe? Right, babe, I can say that as a release to money, right? I make financial decisions, right, right? Right, baby, I can say that as a, as a, as a release to money, right? I make financial decisions, right, babe? It's a, it's an interesting conversation. I mean, your wife is CIO of,

Starting point is 01:55:14 VP of operations. VP of operations. Yes, it's a good job. Your wife is chairman, chairwoman of the board. You guys are married to certified G's. So it's, you know, the ladies are getting there. I will take this I am very surprised that's this the first woman's yeah, I'm very surprised by the fact that because women get the degrees women Get educated, you know women take education very seriously. So I'm surprised that part's not taking place yet

Starting point is 01:55:40 But congratulations to Jane Shout out to her for doing what she does. By the way, for those of you guys that are watching this today's podcast, a couple of things we're coming to the end here. If you haven't yet, subscribe to the channel, please do. So put that alert button as well. Click on that as well, and put a thumbs up.

Starting point is 01:55:56 And if you enjoyed our brother here, Matt Sipala, that joined us. Kai, if you can put his channel, seven-figure squats in the comments section, you can, Matt's got his own channel as well. Marie's already done it. Mario, do it again if you can for people, you can go follow Matt's content. Thank you. We'll put his Instagram account, Matt's one of the coolest cats you'll ever meet in your life.

Starting point is 01:56:18 He's the coolest, the coolest. Hands down one of the coolest cats you'll ever meet in your life. But if you do hang out with him, I do want to prepare, you will have a cigar if you hang out with him. There's no question about that. Or two. Or two. Or two. Having said that, do we have the dates for the next one yet?

Starting point is 01:56:31 Kai, is it going to be next Tuesday or Wednesday? Is it Tuesday? Next Tuesday, eight o'clock. We'll be back at it again. Have a great weekend. Everybody takes care. I don't have it. Salutes.

Starting point is 01:56:43 Bye-bye. Bye-bye. Bye-bye. great weekend everybody take care bye bye bye bye

PBD Podcast - Where Were You On 9/11? | PBD Podcast | EP 10

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.