Pivot - The Cost of Corporate Silence on ICE, Trump's Health, and TikTok USA

Episode Date: January 27, 2026

Kara Swisher is joined by guest co-host Anthony Scaramucci to discuss why so many business leaders have stayed silent about ICE violence in Minneapolis — and why it's time to push back against Donal...d Trump (and Stephen Miller). Then, Trump goes on the record about his health in a new interview that’s raising more questions and concerns. Plus, TikTok seals the deal to stay in the U.S., but glitches abound. Watch this episode on the ⁠⁠Pivot YouTube channel⁠⁠.Follow us on Instagram and Threads at ⁠⁠@pivotpodcastofficial⁠⁠.Follow us on Bluesky at ⁠⁠@pivotpod.bsky.social⁠⁠Follow us on TikTok at ⁠⁠@pivotpodcast⁠⁠.Send us your questions by calling us at 855-51-PIVOT, or email Pivot@voxmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:00:00 Support for today's show comes from Atio, the AI CRM. If you've ever used a CRM and thought, why does this feel like a second job? Atio is worth a look. Atio is the AI CRM that builds itself. You connect your email and calendar and it pulls in every company, every contact, and every interaction. Already organized in one place. From there, it keeps itself up to date. It understands your customer calls, adapts to how your business works, and the AI agents take action in the background so you can focus on what matters.
Starting point is 00:00:26 If you need an intelligent CRM that scales and grows with your business from day one, that's Atteo. You can go to atatio.com slash Pivot, and you'll get 15% off your first year. That's ATTIO.com slash Pivot. You know I don't give a shit. I'm ready to fight, you know, because I grew up here on Long Island. We were doing push-ups in the parking lot outside of discos, getting ready to fight people, okay? I don't give a shit. I will fight Trump every step of the way. Hi, everyone. This is Pivot from New York Magazine in the Box Media Podcast Network. I'm Kara Swisher. Scott is somewhere on a plane. We did an emergency pod yesterday, and I'm glad you all listened to it. We thought it was critical to do it. So today I'm joined by a friend of the pod, the one, the only, Anthony Scaramucci, also known as the mooch. Anthony, welcome. Eric, it's good to be here. Thanks for having me. And I saw Scott last week in Davos. I enjoyed his commentary. And I enjoy your commentary.
Starting point is 00:01:29 Thank you, Anthony. Anyway, I'm going to call you Anthony, not the mooch anymore. Okay. I like that better. You sit up straight when I'm... I'm sitting up straight. You yelled at me before we started to sit up straight. Thanks, Mom. Any time. But we are in a serious zone today. And actually, I'm glad to have you heard because I do want to talk about business people and their reaction to what's happening in Minnesota and elsewhere. But before we do anything, I'd like to point out that as the episode drops, it's been 39 days since the deadline passed for the DHA to release all the Epstein files. Again, Pambandi is in violation of a law, and they have not released them. and part of this, what's happening, has to do with this, too. So let's not forget that they are out there. And probably, as someone noted on one of the social media sites,
Starting point is 00:02:16 they're safer than anything in America right now are the Epstein files. Anyway, we've got a lot to discuss, so let's get to it. Donald Trump says his administration is reviewing everything surrounding the shooting of 37-year-old ICU nurse Alex Preti in Minneapolis this weekend. He's also now sending his border czar Tom Holman, Minneapolis. The leading GOP candidate for Minnesota governor just dropped out of the race,
Starting point is 00:02:40 saying he can't support the National Republican retribution on the citizens of his state. And as we record, a federal judge is hearing arguments on temporarily halting the immigration crackdown in Minnesota. On the latest episode of On with Kara Swisher, I spoke with Minneapolis Mayor Jacob Fry. This was before the Alex Prettie shooting, but Frye knew another incident was inevitable. Let's listen. for over a month before Renee Good was shot, the chief of police and I were both privately and publicly expressing concerns that somebody was going to get shot or killed,
Starting point is 00:03:14 that either a civilian, a resident, a police officer, or an ICE agent was going to get shot and killed, and tragically, that happened. And then it happened again. And by the way, it's going to happen again on top of that because this is the kind of conduct that we're seeing that inevitably will lead to people getting hurt. It's deeply concerned. But it's not just Minneapolis that should be concerned right now.
Starting point is 00:03:42 I have a deep concern for the endurance of our republic when the constitutional norms and these mainstays of good governing principles are thrown in the trash can. Unfortunately, he was pressy, and although I think a lot of people did, understand the escalating tensions there. I'll also note I've been calling out CEOs for their silence on this. As comedian Steve Hofstadter put it on threads, if speaking out against fascism damages your brand, that means your brand is fascism. But since our last recording, some execs
Starting point is 00:04:16 out, at least in Minnesota, on Sunday, more than 60 CEOs of Minnesota-based companies, including Target, Best Buy, and 3M release letter calling for de-escalation. It took them long enough. and more than 450 tech workers from Google, meta, Open A&A and other companies have signed a letter urging CEOs to demand ICE, leave cities, and cancel company contracts with ICE. Scott and I talked about what happened this weekend as a turning point.
Starting point is 00:04:39 Anthony, I'd love your thoughts on this because, again, you were just at Davos, tons of business leaders. You obviously are tuned into the political system. You are a Republican who is turned away from the Republican Party, very early, I would add. Talk about what is happening here from, you know, obviously we're all worried about the republic itself as the mayor had,
Starting point is 00:05:00 but it's an on the ground moving situation. So I'd love you to look at it from the business point of view, from Trump's point of view, and your own. Well, I think it's important to understand what they were trying to do and how it backfired. Then we'll talk about the business people. So what they were trying to do, because I know these sons of bitches, is they were trying to set up a great media exposition for themselves in the, culture war. And so here the narrative. The Minnesota, Blue State,
Starting point is 00:05:29 Blue State is bad. Corruption in the Blue State is conjoined. This is a conspiracy nonsense. Yeah, exactly. But it's a conspiracy. It is the greatest issue our nation faces, a group of people who committed fraud. You should just look at the White House in any given day.
Starting point is 00:05:44 But go ahead. I understand the pushback, and we can talk about the Democrats, how they should be responding better to it. But I want you to understand what they're doing. So they're sitting there saying, okay, this is great. We're going to send the ice people up there. They're going to rough these people up. And this is going to be great for our culture war. We're going to send a signal to our red meat eating law-abiding people that we're getting tough on people, particularly in the blue states where they're doing, quote-unquote, all the
Starting point is 00:06:11 fraud. Now, they send inexperienced ice agents up there, and we saw the videos, and Trump saw the videos, which is why he's panicked, and they murdered the guy. I mean, that's basically what happened. And now the whole thing is blown back on them. And so this media imagery that they were looking for has been a negative media imagery. The problem... So just pictures. You're saying just photos. They wanted a Fox News day of programming where the day set from the A block for 12 hours,
Starting point is 00:06:41 look at the Trump administration how tough-ass they are in action. And we're defending the Republic against fraud and we're mean and we're tough and we're taken five-year-olds because that's what we're supposed to be doing. And they're tone deaf to the overall optics. And then they created a Kent State-like moment for the older listeners, the younger listeners, National Guardsman shot a student at Kent State. And it flipped the entire political landscape at that time. And so what's happening here is the landscape is starting to flip. But concomitant to this is the chilling effect that Donald Trump and his Department of Justice and his jackbooted people have on business leaders.
Starting point is 00:07:31 So hear me out for a second. If you're on a corporate board and you have a public CEO, you're telling the guy or the woman, chill out, take it back seat. There's 1,000 days left for Trump. If you're the managing partner of a law firm, negotiate with him. If you're a president of a university, negotiate with him. He's not quote-unquote Adolf Hitler. He's a lame duck president.
Starting point is 00:07:55 And while he's flexing on you, take it. Don't overly criticize him because he could do damage to our long-term brand and damage to our long-term stock market performance. Okay. Short-term, actually. Short-term. Short-term. But that's up against the stuff that you just said about your brand is fascism, okay? So the mistake that they're all making is you have to reject Donald Trump.
Starting point is 00:08:20 If you don't flex on Donald Trump and reject Donald Trump, you'll be at a disadvantage. He'll continue to roll you. European leaders wake up. Business leaders wake up. Somebody pick up the phone and call Mark Carney, the prime minister of Canada, and get some executive coaching, some leadership coaching from him because he gets it. Okay, you know, Newsom is close, by the way. Newsom would be number two in terms of getting it.
Starting point is 00:08:48 You have to shove and push Trump back if you're going to get any respect from Donald Trump. Can I ask you? You were at Davos. Let me just say, I talked to them behind the scenes, including people that are close to Trump. Let me just say, like, it's so close they could be on the other side of him. They abhor him. It's really, at one point, with two people, I ran into one plane, and they spent 20 minutes. trying to tell me, no, we really can't stand him.
Starting point is 00:09:15 And I go, you need to shut the fuck up if you're not going to say it publicly. Because I don't, you're not going to win my love because what you're doing is so complicit. And so talk a little bit about that because you're at Davos. They obviously, do they still shrug and say, because initially it was sort of the shruggies with business. We'll have to deal with it and then he'll be gone. Like this will, this two will pass.
Starting point is 00:09:36 Has that, did that change at all? It's not worse. It's got worse. It's got worse. No, it's got worse. Because he's willing to do things that other politicians were not willing to do. He's willing to fudge the Constitution. He's willing to overstep.
Starting point is 00:09:54 He's willing to detain you at the airport. He's willing to put a sanction against your business. He's willing to do things that are outside of the realm of due process, right? So you have to remember, to be in a safe and free society. you have to be subordinate to a set of laws and you have to have due process. Did the young man that was murdered this past weekend have due process? No, he did not. They made a decision to murder him indiscriminately, okay? That's authoritarianism. When leaders are turning guns on their citizens, they care more about power than they do their citizens, right? And so these corporate leaders are
Starting point is 00:10:32 making a very big mistake. They're, they're touting to Trump because they feel he's got all the power, He's going to use the power in an unpredictable, indiscriminate way to hurt them. But if they were smarter, they would all team up. The Fortune 50 would team up like the 60 CEOs in Minnesota. And they say, hey, listen, I'm sorry, guy. We're not going to take this anymore. We're going to flood the zone for Democratic donations. We're going to try to get rid of your regime.
Starting point is 00:11:01 And he's one-man standing. You see, this is the problem. So why don't they do that? Where are they from? They don't do that because they're operating. operating in their own silos. Okay. And so when you operate in your own silo,
Starting point is 00:11:13 you go to your board and say, what should I do? And they say, get out of the way. Okay, but if you were operating. Either duck or support. If the law firm Paul Weiss called 50 other law firms and said,
Starting point is 00:11:28 they're coming for me. They're eventually going to come for you. What do we do? And they all teamed up. Now they've got a voice. Then they can push back, right? If the Fortune 100 got together, like the Minnesota CEOs, you see, he got frightened.
Starting point is 00:11:43 I know the son of a bitch. He's a baby. You know, most bullies are, okay? He looked at the video. He said, holy shit, we murdered the guy, which is why he told the Wall Street Journal last night he's reviewing everything. He called Governor Waltz this morning, and he put out a friendly truth social about Governor Waltz
Starting point is 00:12:02 because he knows he's in trouble. Okay, now he's got these CEOs. He's looking at that saying, whoa, that's three-end. That's Target. These are big companies. If they're coming for me and I get wiped out in the midterms, okay, or they start to reject Republicanism, I just took a couple billion dollars for myself. I'm going to end up, and my family's going to end up in wild investigations.
Starting point is 00:12:26 So you see what he's doing? He's pulling back. That's Trump's nature, okay? Let me, let me, and yet they continue. On the day of the shooting, this happened in the morning, all these CEOs, including Tim Cook, who is getting blowback like you can't believe, for being at this Melania movie. Have you seen it, Anthony? The Melania, it's not on my list, actually.
Starting point is 00:12:46 But if you see it, you can report back to me, Johnny. It's selling out, according to Donald Trump. Yeah, of course it is. You know, but. It's like a one old lady with Alzheimer's who wandered in, like by accident. It's the group of people watching. I want to tell you something from history that your viewers and listeners should think about. When Chamberlain headed for Munich to discuss with Adolf Hitler, his annexation, and what was going on there, the German bureaucrats.
Starting point is 00:13:19 Okay, we discovered this in their diaries 50, 60, 80 years later. The German bureaucrats were with great relief. They were writing to each other and in their diaries, oh, this is great. The British Empire is coming to Munich, represented by Neville Chamberlain, and they're going to flex on Adolf Hitler. It's going to scare the daylights out of him, and it's going to knock him out of power. Thank God this last five years have been a disaster for Germany, and he's going to get tough and knock Adolf Hitler on his ass. Did that happen, Kara? No, it did not happen. He went there, and he totally capitulated. And he came back with a sheet of paper and said, peace in our time. And Churchill said, this is ridiculous. You're allowed. him this birth of authoritarianism, and five, six, seven, you know, three years later, two years
Starting point is 00:14:13 later, two years later, you're in war, five, six, seven years later, 60 million people are killed. I'm not comparing Trump to Hitler. I'm just talking about behavior, okay? If these CEOs and these business leaders and political leaders got together and said, F you, we're not going to take this anymore, they'll scare Mike Johnson. They'll scare the Republicans in the Senate. They'll push back and they'll flip it. But they won't do it. As long as Trump is intimidating you one-on-one, Cara, he's going to beat you because he's got the force of the presidency and the federal government.
Starting point is 00:14:52 But you have the economy. If you're quiet, see, see, Jamie, Jamie Diamond. Whom he's suing. Whom he's suing. Oh, yeah. Well, let's just talk about this for a second. He said three or four things that Trump did not like. Okay, number one, he wants the Fed to be independent.
Starting point is 00:15:08 He doesn't like the lawsuit and the criminal investigation against Jerome Powell. Number two, he said, I'm not giving money to the ballroom, because if I give money to the ballroom, the next administration is going to say, hey, jackass, you were trying to blackmail. You know, you were getting blackmailed and you were paying bribe money to the president. So he's pretty open, pretty honest guy. I full disclosure, I know Jamie personally. I love Jamie. I think he's one of the more brilliant.
Starting point is 00:15:34 financial services executives in our history. So he, pretty honest. And then what does Trump do? You're going to bring the hammer down on him. He's going to bring a $5 million lawsuit, which, of course, he'll lose. And he's bringing a lawsuit against Jamie personally and the bank. He'll lose the lawsuit. But this is a massive chilling effect.
Starting point is 00:15:55 Does it? Or would Jamie say, you're going to fucking lose? No, no, massive chilling effect. Did you see what he just did to Jamie Diamond? Yeah, but he didn't do it. Nothing is going to happen. That's the thing. I just don't know why they don't get the next step.
Starting point is 00:16:10 Kara, you know, you grew up like I did. You know, you're Italian. You don't give a shit, okay? You know I don't give a shit. I'm ready to fight, you know, because I grew up here on Long Island. We were doing push-ups in the parking lot outside of discos, getting ready to fight people, okay? I don't give a shit. I will fight Trump every step of the way, okay, which is probably why he hasn't come after me,
Starting point is 00:16:32 because he knows, okay, if he sues me, we're going to have a great time. I'm going to pick up a million Twitter followers. Let's go. These guys are afraid of him because they see themselves as having too much to lose. But what they're missing is society has too much to lose if they don't get together and they don't call less with each other. I don't even think that. They're going to, I mean, he's suing Capital One, too, for people who don't know.
Starting point is 00:16:58 And again, this comes after Diamond Warren Trump not to interfere with the Fed. and called his proposal, by the way, the third thing, to cap credit interest rates and economic disaster. So he was critical, normally, as any CEO is allowed to be. But I just, like, he's not, it's like, he's not going to lose. But Kara, you understand human nature. I've read your books, Burn Book, blah, blah. You understand human nature better than you're letting on.
Starting point is 00:17:26 There's an impulsive weakness up against authoritarianism. There is. I get it. Someone like Jamie Diamond, I'm surprised if he's not pushing back behind the scenes very strongly. I think he is. Oh, no, no, no. I think he is. He doesn't look like he's easily cowed.
Starting point is 00:17:44 No, he's looking at the situation snickering. And he's like, I'm going to wait this guy out, which he's going to do. And he'll win the case, which he will. But it's a message. It's a message to others. You don't want to get in my crosshairs, okay? when a cabinet member from Trump One comes to my office, sits on the sofa and says, listen, most cabinet members are trying to avoid a Trump tweet and some level of humiliation. Why is that, sir?
Starting point is 00:18:18 Well, it could be career ruining for us if we do that. That's, okay, but Kara, that's how they think, Kara. I get it. I just, it's such a bad poker. I want to play poker with these. people. Now, let me ask you about the, you mentioned the Democrats. So the business leaders are going to accurate. The ones that I think are in trouble are like a Tim Cook, because Apple has a different set of values that it's pushed for so long, and here he is doing this. And particularly,
Starting point is 00:18:44 when he's standing next to Brett Ratner, that piece of shit, you know, at a movie, nobody wants to see, right? I don't, I get that he wants the tarot sauce. I get that he wants things, but you don't have to go this far, right? You can sort of hide, like a Bob, a Bob Eiger, you don't see him. He doesn't show up there. He doesn't say much, but he's not there, right? He's not present. Why be present is what I want to understand.
Starting point is 00:19:10 Well, okay, so in Patrick McGee's book, Apple and China, we learn, okay, it's a phenomenal book. I thought it was the business book of the year. And he talks about how entrenched Apple is in China. Yes. And so Tim is saying to himself, I got to get Trump off my back. and Apple's back because I'm minting money with this iPhone 17. I've got new products coming out, whether people like it or not, most of the manufacturing
Starting point is 00:19:38 is in China. I can virtue signal that it's moving to India or other places, but that's where it is. And if Trump is off my back, that's really good for my shareholders. Okay. But where is the line, and you're better at drawing the line than he is, obviously, because he's looking around and saying, no problem, I'll show up at the screening. Okay, but he happens to be showing up at the screening
Starting point is 00:20:05 where there's a murder where there's a murder taking place. He happens to show up at a screening where Trump is telling our NATO allies that he's going to invade Greenland and he's sending out maps on social media where he's got the provinces of Canada flagged alongside of Venezuela, Cuba, and Greenland, right? And also Iceland.
Starting point is 00:20:26 know if you notice, Iceland was in there as well. Oh, that's because he confuses them. That's the trolling of Donald Trump. I get it. He's a culture warrior. He wants to troll everybody. He wants to set all the liberals' hair on fire.
Starting point is 00:20:39 I get all of that. But where Tim is sitting there, he's saying to himself, I'm going to give this guy a gold emulet like I did a couple of months ago. I'm going to shove my whole head up his ass because of the situation that's going to that's the next season of heated. rivalry. Go ahead. No, but I mean, come on, you can barely see Tim's ankles hanging out of Trump's ass, right? I mean, you know that, okay? Okay, so, so to me, I'm not their advisor, and they would never take any advice from me, but maybe they would take advice from Mark Carney. Because to me,
Starting point is 00:21:13 if you collectively push back on him, he folds like a paper suit. You know, he looked at the letter coming in from Minnesota. He looked at the video. He said, I got to, I got to, I got to, I got to, I got to move out jailhouse Barbie, Christine Noem. I got to get jailhouse Bobby off the playing field. We're going to take the bribe honan back on the playing field, the $50,000 and cash. Junkle. I call him drunkle. Okay.
Starting point is 00:21:38 All right, we're going to put him back in. Okay. And I'm going to acquiesce here. And I'm going to find a way to exit this disastrous situation. But you see, the real question, though, for me, is how are we letting Stephen Miller, who couldn't get confirmed as. a dog catcher. Forget about anything else. So you explain you were there with him? This evil, well, I'm going to tell you how, because Stephen Miller bought call-off, on the worst day of Trump's
Starting point is 00:22:07 political life, which was January 6, 2021, where Kevin McCarthy said he's finished, McConnell said he's finished. They told Pelosi, we don't need to impeach him from office because he's politically finished after what he did. Mr. Miller bought call options on Trump's electrical. success in 2024. Nobody else bought those call options. And then Miller said, this is fantastic. I'm an evil guy. I hate people and I want to inflict pain on people.
Starting point is 00:22:38 And Trump is my empty vessel to get back into the White House. And oh, by the way, we're going to have four years to prepare ourselves to be even more dastardly and more evil and to remove more normal people out of the checks and balances of Trump one. We're going to have lap dogs in Trump 2 like Basin and butt lick or nut lick, whatever the, I mean, the biggest ass all on Earth. We're going to have these people in position. Okay. And then I'm going to rule the roost.
Starting point is 00:23:08 I'm writing all the speeches. You know, you can throw the shit through chat, GBT. You say, who does this sound like? It's the writings of Stephen Miller. And so he's writing the speeches. How? How is he doing? Because he bought those call options.
Starting point is 00:23:21 He bought those call options. Does Trump not see that? I mean, he is a whatever. He's like an old crocodile. He's got to see it. The only way Trump will see it is if you start saying Trump is the lapdog of Stephen Miller. The administration's being run by Stephen Miller. Trump will absolutely hate that.
Starting point is 00:23:40 It's like when they were saying President Bannon, when the President Bannon time magazine cover came out, he got hit with a ray gun, knocked out of the administration. But Miller is running the administration. He's running domestic policy. He's running international policy. He's writing the speeches about Venezuela in Greenland. And he is sitting... Does he have any foe internally? Give us one insight into him.
Starting point is 00:24:06 You have spent time with him. So give us one insight. Look, I used to fight with the guy. Besides that he looks like a cartoon Nazi villain. You know, him and I were not friends. I used to fight with him left and right. There was one situation in the 2016 campaign where I called him up
Starting point is 00:24:23 and read him the riot act because he was treating donors with this like, you know, lack of emotional attention in this sort of caustic, you know, arrogant, supercilious way. So look, he's a terrible person. I think we can stipulate that just by his behavior and his actions. But it fits Trump's narrative, okay, because Trump likes hurting people. Trump likes humiliating people. He likes hurting people. He He likes hurting people. He wants to denigrate people and make them feel bad. And then when he gets himself in trouble, he will walk it back like he did with the U.K. War veterans.
Starting point is 00:25:02 He had to send out a missive to Stormer because it was ridiculous the heat that he was getting. But this is what these people are like. And the problem is the waiting it out strategy, if you're a corporate board official and you are on one of these corporate boards, Fortune 500 and you listen to Kara and Scott. Let me tell you what you got to do. You got to get your CEO in position to join forces and create alliances with his other CEOs, he or she, and push back on Trump. You cannot wait 1,000 days, Kara. No, we've said that. We talked about an economic boycott. You got to get your shit together. You got to get your shit together right now. and on behalf of the American people
Starting point is 00:25:49 and channel what those German bureaucrats wanted from Neville Chamberlain. Don't be a Neville Chamberlain and wait the 1,000 days too late. It's going to be too much existential damage onto your company and the United States. And by the way, let me tell you, what they do think is the Democrats won't do anything, right?
Starting point is 00:26:08 Trump will punish them Democrats won't. I'm here to tell you, I want to make sure the Democrats punish you all. All you tech executives, I promise that we will, we have long memories, as they say, and I will make certain of that. I will bother these Democrats forever. But let me ask you, what to the Democrats. But the Democrats suck, though.
Starting point is 00:26:25 Let me just hear me out for a second. We all agree. You know, the Republicans are evil. Okay, so they suck more. But the Democrats suck because they can't get their shit together. If they could get their shit together, they would channel Newt Gindrich, okay? And hear me out for a second, because you're old enough to remember this. So 1994, New Kindred said, hey, we're going to combat Clinton.
Starting point is 00:26:48 We're going to all unify and we'll get our ducks in an order. Here's our 10-point contract with America. Everybody's signing on to this. And then when we get power, we're going to flex. The Democrats have to have the doppelganger of the 1994 contract with America. And even though they don't like each other and AOC doesn't see eye to eye with Gavin Newsome, get it together, fellas. Get in a room.
Starting point is 00:27:13 So they threaten to trigger a partial government shutdown withholding DHS. Funny, but that's small ball is what you're saying. But not only is that small ball, that's a disaster. You're a capital markets person. Look at where the U.S. dollar is trading, the Japanese yen is trading. Look at where gold and silver is trading. We're in full-on currency debasement. You know, Trump thinks he can get out there and do his reality TV nonsense without consequence,
Starting point is 00:27:38 but people are pulling away from the dollar. They're forming unnatural alliances. Carney's going to China. The dollar is weakening. Gold is going up. People are finding ways to barter with each other outside of the petro dollar system. And Ray Dalio is going to be right, guys. You want to shut the government down.
Starting point is 00:27:58 You're going to further weaken the U.S. dollar. Don't do it. That is small ball. What other choice they have? They can't fund DHS, correct? They also can't politically fund them. What's the choice? There is no choice, correct?
Starting point is 00:28:11 Kara, there's no choice because we're in accordion, not with each other, but if they shut the government down, I would rather have them fund DHS and have the help of corporate CEOs and law enforcement. You know that local law enforcement is against ICE. Get together people, okay, develop a communication strategy, fund it, but have an overwhelming group of people push back on it. You don't want to shut the government down when we are facing our own economic peril. We're sitting on a debt time bomb that's running towards $40 trillion. Doesn't that hurt Trump more? Like, you have to sacrifice the village to save the country kind of thing? Well, I don't, I don't, I don't, it's not going to hurt Trump himself more. It's going to hurt the man on the street more. Correct, yeah. Our dollar has lost 28% of its value since January of 2020. Okay. If you own assets, Cara, you're fine. But if you're like my dad, my deceased father, who worked an hour and got an hourly wage and had no assets, you took 30 percent of, you took 30 percent of his life away from him.
Starting point is 00:29:26 You've got to, we've got three or four things happening in parallel tracks that, you know, we can control the card table and we can maintain our mantle of financial services leadership and our mantle of global leadership. but we've got to change the narrative. And the way you change the narrative is through coordinated opposition. Trump is banking on the fact that the liberals are so self-righteous and so picky-y-une with each other that they'll have internecine fights with each other as opposed to coordinate and go after him. But they could do that. They could go to the cooks.
Starting point is 00:30:05 They could go to the CEO of 3M. And they could say, okay, listen, this is not good for America. We don't want our people murdered in the street. It's bad for economic innovation. It's bad for capital flows into America. We have to fight back. There are two people, Stephen Miller and Donald Trump, and there's us. And there's a force majeure of us that can overwhelm them if we coordinate with each other.
Starting point is 00:30:30 What's the actual move then? Besides, let's coordinate what, precisely, from a business? Scott and I talked about an economic boycott, etc. Yeah, holy and totally denounce. alongside a local law enforcement, push back on them. You create resistance, civil disobedience resistance zones, okay, alongside of citizens that are willing to protest. They've got to show up on arms,
Starting point is 00:30:53 so there's no excuse to shoot at them. You then have to push the president into a box, and you have to go to the Republicans and say, sorry, no more money for Republicans for re-election. Because all these people really care about, CARES the money going into their re-elections. So the way to affect those business leaders could be an economic boycott, a really sustained one, for example. Court, we're going to get, the Democrats have to say we will hurt you also in different ways.
Starting point is 00:31:21 I just think, and I heard you guys, and I understand where Scott's coming from, and he's right. It's a very good civil disobedient move. I would like to try something else first before we go there, because that's going to harm the people that we don't want to harm. harm the most. Do you understand what I'm saying? I get it. And I understand what you're saying. You've got to burn down the village sometimes to save the whole state. I get all that. But let's try something different. These are two people. We know this from the school yard. The bullies, when you team up against the bully. Yes, we've seen that movie. You knock the bully into next week.
Starting point is 00:31:59 All right. Last question. Is there anybody in that White House that has control other than Stephen Miller? Susie Wiles doesn't seem to. She tried to get out it looked like. Susie Wilde doesn't give a shit. She's looking for her next lobbying gig. You know that. Read the interview. She's like, I'm trying to say this shit about these people so that when I get out on the outside, you think I'm quasi-normal. By the way, Susie, we see you.
Starting point is 00:32:21 No, come on. I mean, Mrs. Dalfour. I mean, this lady has at her. This lady ruined herself. No, anybody? I'm just curious. The only good news here is that just dumb Vance, J.D. Vance, is so delusion. he thinks he's the heir to Trump and he thinks he's going to be the 48 president.
Starting point is 00:32:43 And I'm telling you that J.D. Vance is actually sitting on a bomb that's going to blow up on him. Okay, just give it a year or two and this whole thing's going to blow up on him. He's going to be the poster child for the Trump menagerie of evil. And so that is good news, by the way, because he'll get— He doesn't like himself very much. Well, he's going to get knocked out of the game. game. Okay, so that's very good news. You know, I called him the cyber truck of politicians, but go ahead. Tell me why. Because he's, it's, he repels people. He repels voters. Like you look, I'm telling you,
Starting point is 00:33:19 I was, when you, when you see a cyber truck, it repel people, you could see people pull back when they see it. And whatever you think of Elon, it's still a repellent vehicle, right? You may like him and you don't like that thing. I was driving a Volkswagen ID Buzz and everybody like runs towards you because it looks like, a dinosaur driving down the street, unhappy dinosaur. I'm a minor player and all I said, but when you used to light my ass up on Twitter, I used to laugh. But I got to tell you, when you're lighting Elon Musk up on Twitter or you're saying this shit about him on the pockets, I don't think he's laughing. Oh, you know what? Inside he is.
Starting point is 00:33:57 There's a little boy inside who missing the love of his parents who's laughing, trust me. All right. Well, maybe someday. I want to help him at all. If you ever repair your relationship with Elon, I want to be there to smoke a piece pipe with you. Never. Never.
Starting point is 00:34:12 I knew that was going to be the answer. Not happening. You took it well. That's all I'll say. Let's go on a quick break. When we come back, what Trump is saying about his health or lack thereof. Right now in the world of AI, two things are happening simultaneously. One, the technology is getting better fast.
Starting point is 00:34:35 People are finding new uses for it. It's more popular than ever. And two, every company that makes AI is absolutely. hemorrhaging cash. On the Vergecast this week, we're talking about what OpenAI and other companies are doing to try to finally figure out how to make some money off of this technology. Spoiler alert, it's mostly ads. And we're talking about whether any of it's actually going to work. All that, plus some stories about the Chinese company that appears to be beating Tesla on the Vergecast, wherever you get podcasts.
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Starting point is 00:36:17 The only way to get 20% off is to go to join deleteme.com slash pivot and enter code pivot. That's join deleteme.com slash pivot code pivot. Support for this show comes from Vanta. Customer trust can make or break your business, and the more your business grows, the more complex your security and compliance tools get. It can turn into chaos, and chaos isn't a security strategy. That's where Vanta comes in. Think of Vanta as you're always on, AI-powered security expert who scales with you.
Starting point is 00:36:50 Vanta automates compliance, continuously monitors your controls, and gives you a single source of truth for compliance and risk. So whether you're a fast-growing startup like cursor or an enterprise like Snowflake, Vanta fits easily into your existing workflows so you can keep growing a company your customers can trust. Get started at Vanta.com.com slash pivot. Vanta.com slash pivot. Vanta. pivot. Anthony, we're back with more news. There's been speculation about Trump's health for months, and a news story in New York magazine has him going on the record about it. Trump talks about his father's medical history at one point struggling to come up with the word Alzheimer's, then insisting he does not have it. He also blames women's fingernails and rings for cuts on his hands.
Starting point is 00:37:39 Trump's doctor says he actually did not have an MRI, but an MRI-like scan of his chest and abdomen. I don't know what that is. And the results were, quote, perfect. And of course, Trump threatens to sue the ass off New York Magazine if he decides he doesn't like the story. I don't think New York Magazine, as one of the shareholders, gives a shit. So what do you think is really going on here with this? He's got to face the health care stuff, right, because Biden didn't. He's physically, I mean, listen, you know, it's prima facie. He's unwell.
Starting point is 00:38:11 You don't, you know, if someone gets busted on a football field and the bone is sticking out of the uniform. You don't have to be an orthopedic surgeon to know that the bone is broken. It's not like that. The guy is unwell. He's unwell physically. He has an unsteady gate. They put the red carpet out for him in Davos. He wobbled down the carpet like he did in August with Putin. He's got bruises all over his hands, which looks like they're infusion bruises. They're not bumping up against the signing desk when you have that level of contusion on your hand. He looks terrible. If you look at the orange mrs. makeup and you contrast it to the pallor of his hands. He looks absolutely terrible. I'm not a,
Starting point is 00:38:56 I'm not a doctor. I'm just telling you prima facie, he looks unwell. He's forgetful. He doesn't remember the word Alzheimer's. He doesn't remember people standing in front of him. He's getting interviewed and they say, you said the following. He said, I never said that. Then they play the recording of him saying it. But he looks like he's telling the truth, meaning he's. He's, He's demented in a way where... He doesn't remember it. Yeah, he's demented in the way you could probably pass the lie detector test. I mean, he's a liar, but it seems to me that he doesn't remember it, actually.
Starting point is 00:39:27 Yeah, I'm sure he's lying knowingly, but I think there's also lies coming out of his mouth where he doesn't remember anymore. So also, the New York Times reported something, which I think is very critical and very similar to Biden. They're managing his schedule for five hours a day. They said it's 12 to 5, and then they pull him out of there. Or if he's got to go late night, they'll start him at 5. and they'll end him at 10. Okay, he's an elderly man. He's about to turn 80.
Starting point is 00:39:53 It's arguably the toughest job in the world. He hauls himself around. Okay, he's moving himself from national football game championships to Davos, back to Florida, back to Washington. He's moving himself around a lot. And that in itself is tiring and dehydrating. And so to me, they're going to lie about it like the Biden people lied about it. Okay, that's just the facts of it. And this is why I'm saying Miller advantage to Miller.
Starting point is 00:40:24 Because if Trump's got five, and again, whatever you think of Trump, I can tell you, if you show Trump a video of a guy getting innocently murdered, even his egomaniac narcissism is like, shit, that's not good for me. He's looking at the video. He may not have any compassion for that man or the man's family, but he's smart enough to know, that ain't good for me. Stephen Miller's not smart enough to know that. He's calling the guy an assassin and a domestic terrorist and all this idiocy. But the point about the illness that people should really focus on is that if he's only got five hours a day where he's present, the other 19 hours are going to
Starting point is 00:41:08 Stephen Miller. Don't forget that. Okay, Stephen Miller is writing the policy. Stephen Miller's talking to ICE. Stephen Miller's on the phone with Marco Rubio. You know, the joke inside the White House is, hey, Stephen, we got a question for you. We're going to make you a viceroy of Venezuela. But then when you get down there, where are you going to deport the Venezuelans to? Right. That's the joke inside the White House. And of course, Miller looks at them and he's all pissed and he doesn't answer them, right? But the point is Trump's weakness, there's a vacuum. And the void is being... Failed by a very horrible person.
Starting point is 00:41:48 This MF, he couldn't get dog catcher confirmation, this MF, okay? And he's sitting there. We had a 250-year experiment with a republic with real checks and balances. And this guy, because he was hated in high school, and he still wants to take it out on the rest of us, is going to run rough shot over all of us because you have willing accomplices, Kara, And those willing accomplices are the Republicans, and the secondary willing accomplices are the private sector, smarty-pants billionaires that are afraid of Stephen Miller. How could you guys be afraid of Stephen Miller?
Starting point is 00:42:27 Are you guys serious? You're that big of a nerd group in the high school cafeteria to be afraid of Stephen Miller? What are you guys doing? Take on Stephen Miller. Back to his health, what do they do when it becomes, I mean, it is a parent that he's, I've been saying this for a year, because I have relatives. I've seen it. Like I've seen friends
Starting point is 00:42:47 who had Alzheimer's and the signs are rather significant of some sort of dementia. But what do they do when it gets, what is there something that could, besides him falling down, which seems inevitable and breaking a hip,
Starting point is 00:43:00 what's the next thing if five hours is all you can get? It doesn't matter. They're just hold them up like weekend at Bernie's kind of thing. Do your reporting. You've got excellent sources. We know that Vance met with Musk.
Starting point is 00:43:14 and told Musk, please cool out on America's party. You know, Trump's time is coming. I'm going to be the 48th president, likely by default, and all the tech broligarchs will be in there with me, drop the America's party, and Musk said, no problem. You know, they're all statists. They're all statisticians. They're looking at 1,000 days, and they're looking at a declining mental acuity of a president, and they're saying, is it a year from now where people look around and say, hey, man, 25th Amendment and comes fans? Is it two years from now? Can Trump make it the three years? I think it'll be alive in three years. But the question is, will he be mentally cognitive to the point where it's not overwhelmingly obvious to everybody how bad it is? And so I don't know the answer to that,
Starting point is 00:44:06 but if I'm a betting person, there's a percentage. If you're a tech broligarch, you're like, okay, just a 10% to 30% chance that Vance is going to serve out Trump's term and run for re-election in 28. And that's also another reason why they're not fighting as hard as they should be because they're waiting the thing out. Right, because of, you know, actuarial tailblowers
Starting point is 00:44:33 is what you're talking about, essentially. Exactly. As Scott says, biology is undefeated. So let me, it's a terrible choice to have to make, But if you could pick Trump being in office in a disabled way versus Vance becoming president, which one would you choose? Okay, let me get the vomit bag out first. Let me blow chow into the vomit bag. Hold on a second.
Starting point is 00:44:57 That game you put. Okay. All right. Now, let me tell you what you. You got to go with Vance. Okay. Let me tell you why, okay? All right.
Starting point is 00:45:06 Because Vance has no power. And even if he's president of the United States, he doesn't have a personality cult around him. Okay. And Vance cannot keep that coalition together. He doesn't understand how to do it. Trump kept Nick Fuentes, Ben Shapiro, and Tucker Carlson in the same coalition. Imagine that. Okay.
Starting point is 00:45:30 Because it's the strength of his personality and the personality cult around him as a political figure. Vance has none of that. Let me give a specific example. When they were fighting over the beef quotas, the Argentinian beef quotas, and they were fighting over the beef coming in from Argentina, they excoriated Vance in the Senate. They would never do that to Donald Trump because they're afraid Donald Trump would send out a tweet and say, I'm now supporting this person to the far right of Bill Cassidy. I'm no longer supporting Bill Cassidy, the senator from Louisiana. balls recently. Right.
Starting point is 00:46:07 Well, thank God. Him and a few others. Very small. Okay, but let's, you know what? When someone finds their balls, I'll take it. Honey. I'll take it. I'm not one of those leftists that's like, no, you should have a comment.
Starting point is 00:46:18 I'm like, come on in. Kara, send him a magnifying glass. The balls will look bigger in the fucking scope. Okay. Let's go here. Okay. But honestly, Vance does not have the power and they will push back on him and they will flex on him. Now, the negative advance is he's tied to some evil-doer broligarchs.
Starting point is 00:46:39 Yeah. Okay, and the negative devance is that they're going to pump him with money and they're going to get executive orders from the society. The problem with this nation's tech broligarchs, they don't give a shit. They only care about themselves and their mission quest to make a trillion dollars. If they were a smarter group of people, they would think about what Henry Ford once said, which is I'm going to make stuff. my workers are going to make stuff that they can afford.
Starting point is 00:47:05 I'm going to pay them enough money so they can afford it. They're going to have a single family house and a good school system so they don't attack me with tiki torches and pitchforks in my dearborn Michigan mansion when I'm eating caviar and carving my filet mignon. And being an anti-semite, but go ahead. Well, he was a bad guy, but he understood social engineering. I would agree with you. I think I was with one of them.
Starting point is 00:47:29 These guys don't. What are you guys doing? I literally was like, you know they're coming to get you if you don't start acting more generous. Like, I literally have had more arguments with them about this. I'm like, you will, I said, look at him. They don't read history. Anthony, he doesn't, they don't read history. It's really kind of fascinating in a lot of ways.
Starting point is 00:47:47 They think they're in. Self-absorption. They'll get in a rocket ship. Anyway, we're going to go on a quick break and we come back. TikTok strikes a U.S. deal. This is really interesting. This week on Networth and Chill, I'm breaking down. essential money tips for every stage of your relationship. From the first state to forever.
Starting point is 00:48:08 Who actually pays on the first date? How do you split rent when you move in together if one of you makes way more than the other person? And yes, we need to talk about pre-ups. Plus, I'm sharing why I believe in equity over equality when it comes to splitting costs. Whether you're single and swiping, moving in with your partner, or planning your wedding, this episode will help you navigate the uncomfortable money conversations that can make or break your relationship. Listen wherever you get your podcasts or watch on YouTube.com slash your rich BFF. Anthony, we're back with more news. TikTok has dodged a potential ban and sealed the deal to create new American entity with investors like Oracle, 15%.
Starting point is 00:48:49 And Silver Lake, also 15%, I believe. In the deal, ByteDance keeps a small stake around 20%, but the algorithm will be retrained on U.S. data to address national security, concerned about Chinese control. Oracle's sort of been doing this for a while, by the way. And by Oracle, I mean, Larry Ellison. President Trump praised the deal and thanked China's President Xi for proving it, so he hopes to be remembered by TikTok users for making it happen. But the service is enormously buggy in its first couple days out, with users reporting login issues and feed disruptions.
Starting point is 00:49:19 Other people see a conspiracy theory in Larry Ellson trying to shut down anti-ice stuff. I am not of that camp. I think it's just buggy and they're having problems. I wouldn't put it past them to do all manner of shitty things. but in this case, I think it's just this shift over. Talk about this because there are also indications that TikTok's user base is declining and that its momentum is declining. Talk a little bit about this because a lot of people are worried about it becoming a propaganda tool.
Starting point is 00:49:51 I am less worried because I feel like it has, I know I'm going to get a call from Zenya-Much in a second, but I feel like it has a MySpace vibe to it. But your thoughts, it's big. It's still enormous, but I don't, I think it, I think meta has the momentum with Instagram and threads, etc. Well, well, a couple things. I mean, they, they've neutered TikTok, okay? So it'd be like taking your dog to get spayed. You know, the, you know, the virility of TikTok is over. And so, you know, maybe it'll work. And maybe that's a good investment for these people, I don't know. They got a good discount. But here's what I do know. I do know when I was in the White House for that very short period of time.
Starting point is 00:50:32 The intelligence stuff was TikTok was weapons-grade intelligence gathering, and it was weapons-grade crowd propaganda. Crowd propaganda. 30% of the white males below the age of 21, they don't think the moon landing happened. You know, 15% of the white males below 30, I think Osama bin Laden is a freedom warrior. All this stuff being generated by the algorithm on TikTok and all this stuff of fomenting, conspiracy theories which would cause people to doubt and distrust their government and cause them to doubt and distrust the institutions of our democracy. All of that worked to the point
Starting point is 00:51:12 where the court said shut it down, the Biden administration said shut it down, and it was getting shut down. But some of the owners of TikTok had a lot of money. They gave the money to Donald Trump, and Trump defied the court orders, okay, and he kept TikTok open. And so we're sitting here now where I don't think the secret sauce of TikTok, despite what they're saying, is going to get replicated. Okay, it's not going to get transferred. We do know in the deal, and I believe this is the case, because intelligence agencies in this country still have teeth,
Starting point is 00:51:47 even though Trump, you know, I guess is Uber-Alas, but the intelligence agencies are telling us that Bidance is walled off from the information now. They own 19.9% of the company, and they're not going to get the information. from the U.S. anymore. So they have other backdoors, by the way. Chinese intelligence has other back doors.
Starting point is 00:52:06 So I'm not worried about Chinese intelligence gathering. But I think this has been spayed to use a veterinarian analogy. And I think these guys are going to wake up five years from now. It may not be 100% MySpace, but it could be like a Yahoo that was like very prominent in 1998. It's still with us in 2020. but really isn't relevant to the way it was once relevant. That's my guess.
Starting point is 00:52:36 That's my guess with TikTok. Yeah, I would agree. I think the energy is dragged out of it. And, you know, the question is what's effective as these things? And as much, you know, I have much disdain from Mark Zuckerberg, although he has an opportunity. See, I was thinking this. Remember when Gates, everyone hated Gates? He was Darth Vader, et cetera.
Starting point is 00:52:55 Mark has an opportunity to turn himself around. That's my feeling. with these products that are quite good. Obviously, he had a real fuck up on the Metaverse and spent a lot of money and wasted. Here's one thing I love. This guy spent $56 billion on a mistake, and then all these tech people complained about the government misusing funds. They misuse funds all the time. It's their own money, but that's fine.
Starting point is 00:53:19 It's actually it's shareholder money. If he wanted to, Zuckerberg, to me, especially with Musk behaving like, you know, a cartoon villain, has an opportunity, especially with these products, threads and Instagram, et cetera, to really dominate in a way that he already does. But I don't know, I just, I have this notion that there's, if he decided to stop being such a ridiculous figure, that he could certainly revive himself. And that's not an opening for him.
Starting point is 00:53:51 But I think the hiring of Dina Powell was interesting. I thought, you know, a very smooth operator, as you know. it just is an interesting time, but TikTok, I think, really is. You're right. I think it's, it's not on the upswing. That's for sure, when these guys are buying it. Again, they got it a discount, so who cares? Well, you know, I'll say something that people, you know, it's a little contrarian, so you just hear me out for a second, okay? I think that prima facie, you put Dana White on the board because you think he's a Trump guy and you're sending a message to Trump that you're no longer going to bash Trump. You put Dean on the board, her husband's a senator from Pennsylvania. I mean, she was on the board, but you put her in that presidency vice chairman position, sends a message to the right. but I'm going to say something about both those people.
Starting point is 00:54:38 I think they're less Trumpy than people think. Oh, absolutely. Dana has already told people, I'm done with the politics. I'll do the UFC fight with Trump on the 14th of June, but I'm done with the politics. Dana is more of a libertarian, okay? And Dina, if you really follow her life, she is a Trump whisperer today, but she's really more of a garden variety. And so was David, by the way, Republican. So, you know, there could come a moment here, one, two, three years out where Zuckerberg is influenced by these people, okay, and you could be right.
Starting point is 00:55:15 And so I think the prima facie look is, oh, he's putting Trump lackeys in place to come down Trump. No, I don't believe that. I agree with you. But they're not Trump lackeys. If you really know their personalities, and I, listen, I don't know Dana. I have friends. I've met Dana a few times, but I know Dina very, very well. David and I know each other very well.
Starting point is 00:55:34 Dean and I have worked together. And, you know, and she was polite enough to call me, give me the heads up the Sunday night before the job was announced, you know. And she's a special person. I like her. And I think that this could be a positive for something.
Starting point is 00:55:47 Just interesting choices. I was like, everyone was like Trump thing. I'm like, this is not what's happening here. It isn't. I mean, just to be clear, Dina left the White House early in the first term. And I think probably Charlottesville and other issues were impactful to her
Starting point is 00:56:03 in lots of ways. But I do think it's much more complicated. I thought it was an interesting and probably the best move of Zuckerberg to bring himself back into the light. I guess he wasn't ever in the light. Listen, listen, David Solomon, Lloyd Blank Fine, there's a reason why Dina was at the top of the food shame in and around the hoop. She's got good judgment. She's a very smart person. And she also has good diplomacy skills.
Starting point is 00:56:30 Okay. And so let's see what happens. I like her a great deal, and I wish her well with that new job. But the TikTok thing gives, to me, meta, the biggest opportunity here to return itself. Can I? I know it's your podcast, but can I ask you a question? Sure. The international version of TikTok, in my opinion, is now going to be way more robust than the American algorithm.
Starting point is 00:56:57 Absolutely. Okay. And so then the question is, where does the real innovation live? Does it live outside of the United States? In China, along with electric cars, along with all kinds of things. I think that's important for your viewers and listeners to hear that message. You see, because for all of our bravado and all the nonsense and jingoism, take a look at the Chinese cars, take a look at the Chinese algorithm, take a look at the Chinese AI process that's in place. And the thing that upsets me the most is take a look at the 10, 15, 20, and 25-year plans that China has.
Starting point is 00:57:32 where the U.S. government has Uyghats. Okay, you know what that means. Yes. Your viewers can look it up what it means. Yeah. But we've got Uyghats because we are playing to the cable news cycle as opposed to a 15, 20, or 30-year plan. But I just think it's very important people to understand that issue,
Starting point is 00:57:51 the innovation and the excitement, you agree with me, right? Yeah, I put more to the point. I think that Trump has done more damage to the technology industry. they've done it to themselves. Let me just say by their lack of interest in safety, but what's coming for them, they were so scared of Biden, who was toothless, as far as I could tell,
Starting point is 00:58:10 said a lot of things, and maybe, we'll, you know, pulled back on crypto a little bit, and that's over, obviously. But writ large, I think Trump is more damaging to the tech industry and his reputation than anything else and has set them back.
Starting point is 00:58:27 And I think China has moved into the breach. And, you know, Mark Zuckerberg used to always talk about the challenge from China. And in affiliating so tightly with Trump, I think it really creates a backlash that's going to be sustained, especially not doing anything about teen girls, about kids, around chatbots, around everything. I think they are, you know, they're essentially putting themselves as the bad guy, the baddies. And they don't have to be. Like, there's an opportunity for them to, you know, I suppose Carnegie did. that as evil as all those people were.
Starting point is 00:59:01 They, as you said, they moved into a more... No, please oblige. They realized that they had to take care of people. But, Carol, let me just say this to you and get you to react to it. If I'm a CEO and I'm spending zero to 15% of my time thinking about how to handle Trump, zero to 20% of my time...
Starting point is 00:59:18 Any time, yeah. Isn't that less time of me thinking about how to innovate? That's what I mean. And how to create plans? Yeah. Do you see the drag-on effect of Donald Trump for all these companies? Exactly.
Starting point is 00:59:29 That's exactly, except for the sort of true believers who are just terrible people. When this happens, our tech industry has been the leader in terms of the stock market. Where does this go? Because the numbers still say, even Tesla, with sales numbers, are falling off the cliff. And obviously that's a meme stock. So there's nothing to be done about that. But what happens with these tech numbers, even as they grow higher? The Fed is going to drive this, in my opinion.
Starting point is 00:59:56 So if you're telling me, and I know. know Rick Reader a long time, if he's going to become the Fed share, and he's a dollar realist, okay, if you read any of his work or look at any of his PowerPoint presentations, but if he's going to cow to Trump in order to get the job and drop rates, stock market's going higher. The stock market is not going higher priced in gold. Stock market is not going higher priced in silver, but a weakening U.S. dollar, the stock market is going higher. And so I'm worried about the market because of the concentration.
Starting point is 01:00:31 I'm worried about the market because Mr. Buffett took $400 billion out of the market when he looks at certain levels of, you know, valuation metrics that he looks at. And I'm worried about the market because Trump single-handedly is taking the marginal dollar that used to flow into America's safe and secure markets and liquid markets where rule of law, was predictable. And people now want to punish America. You talk about a boycott, an economic boycott. I'm talking about a capital boycott.
Starting point is 01:01:05 There are people, you think the sovereign wealth fund of Norway is like, okay, let me put my incremental dollar into America right now. I'm telling you, they're not. They're like, hey, hey, F you guys, we'll find other places to go with the money. And look at the tourism numbers are down. Look at the flights from Europe. Look at the flights from Canada into Florida. It's a bigger industry than manufacturing, everybody.
Starting point is 01:01:28 Exactly. So to me, what I'm worried about is the knock-on effects of Donald Trump. Okay, I think the tech guys are going to be okay probably for the next 12 months because of where race are going. Okay, unless you're telling me, Rick Reeder's getting the job and he turns to you and says something that a traditional Fed chairman would say, which is, hey, I'm probably raising race 50 basis points. Wait, what? Well, gold's at 5,000. The dollar is falling. The yen carry trade is faca. And I'm going to raise rates here to put the thing back in equipoise. Okay, so the market is not sensing that. And by the way, Bitcoin is not doing well because it's not for the market, it's not structural. If you told me that this is a structural end to the dollar, then Bitcoin would be whack-a-doodily rattling. What's happening right now is it's a short-term crisis. And so that's why people are piling into gold and silver. Bitcoin is the next step. That's what people say, okay, full-on currency disbacement. The dollar is now the Zimbabwe dollar.
Starting point is 01:02:37 We got to get the hell out of the dollar. I have one of those. Okay. Yeah, my, I got, look, I'm a, hey, you better be nice to me. I am a billionaire in Zimbabwe. Okay. I have a, I have a, I have a, I have a 10 billion dollar note in my wallet, okay? But my, my, my point is, the money is there to drive the market higher for the tech people. Yeah. If they behave. Anyway, all right, Anthony, one more quick break. We'll be back for wins and fails. Okay, Anthony, let's hear some wins and fails. You go first. Okay, so you're not going to like this one. But the win of the week is actually Elon Musk. And I'm going to tell you why. He shows up with a haircut. He looks like he lost a little bit of weight. They give him 31 minutes of air time at the World Economic Forum, a place that he's a place that he's.
Starting point is 01:03:29 He disdained and criticized woefully for a decade. His buddy Larry Fink, who's now the interim chairman, brings him on stage. And he was articulate. And he explained the vision for these data centers up in space. And he was the normal Elon, and he was the aspirational Elon. And you could like him or dislike him, but that's the win for the week. All right. The only thing I'm saying is a lot of his predictions, he makes them up.
Starting point is 01:03:55 You know that. Like, you could track them. At this point, he said it so much. I'm going to have robots in your house in a year, and then 10 years, what goes? I understand that, but I'm talking about imagery, and, you know, the world is about imagery. I think you want, do you want the loss or you want to go for the one? All right, go ahead, I'll give it to you. I'll give it to you.
Starting point is 01:04:11 Okay, all right, all right. I heard his robots are cool. The loss. The loss. The loss is actually Donald Trump. No, Neil Ferguson said that he won Davos, and he explained this MAGA-S way that he won Davos, but he actually lost Davos. I agree.
Starting point is 01:04:29 Carney won Davos. He would have been number two on the win category for me, although Carney has a, going to have a harder time because of where he sits north of the American border. Sure.
Starting point is 01:04:38 But Donald Trump lost this week. He lost because he looked like an imbecile on Greenland. He lost because the marginal dollar is now moving away from the United States because of his imbecility. And the situation in ICE,
Starting point is 01:04:54 in the situation, the tragedy in Minnesota, Trump has lost that too because he's smart enough to know that the public opinion, he's negative 17 on ICE and immigration in the United States. And he's got a 36% approval rating. But when people ask their friends about Trump, they don't like what's happening to their neighbors. And so Trump is losing right now. And we're not even addressing his health issues. So that's the win and that's the loss.
Starting point is 01:05:24 despite the appearance that Trump quote unquote won and all the MAGA people like Buttlick would say that he won. He did not win. He lost. You call him Nutlick too. Coward. Coward. I cannot believe it's the same person that I was talking to at Davos 10 years ago.
Starting point is 01:05:45 I mean, dude, you lost it, man. And you're never coming back from this, by the way. You're never coming back from this. Never coming back from this. All right. My fail, I'm going to do the other side of the Elon thing. The EU regulars are investigating X over sexualized AI images. Any reporter who does not ask him about this in every interview is not doing their jobs.
Starting point is 01:06:04 What is happening on X is repulsive. I have four children. You have children. You have many children. Five of them. Five of them. What is the fact that he has not gotten a hold of this on this one issue, I will continue to pound. I hope he gets investigated everywhere over these sexualized AI images.
Starting point is 01:06:23 because they have to stop. They have to stop whether they're non-consensual AI images of women, especially a child pornography is what it is. To be known as a child pornographer is not the image you want. That's what I would say. So I'm going to take the other side on that. I think it's very, people are sick of this shit of this, and it's enough with them running roughshod over us.
Starting point is 01:06:47 They're not going to sexualize our children. And I'm not a Q&ON person. It's just so dangerous to do this. My win, you're also not going to like, but I'm going to do it. Zoran Mamdani telling New Yorkers to stay home and read heated rivalry during a snowstorm, I thought was very funny and actually did a good job on his first snowstorm. He did, Anthony, you'll have to say. He's focusing it on New Yorkers.
Starting point is 01:07:10 Let me tell you. So I am a New Yorker. I am not moving to Florida. I've got my home here in New York. I've been a New Yorker for 62 years. I want them to do well, okay? honestly, if he does well, it's better for the rest of us. I agree.
Starting point is 01:07:25 I think he handled the snowstorm beautifully. He put out great information. He knows what his job is right now, which is making New Yorkers have a, all New Yorkers have a better life. I think that's a really... And if he does that, he'll win real election and God bless him. I just want the city to be safe, you know, for all the obvious reasons. Yeah.
Starting point is 01:07:44 I love New York City. Anyway, I'm questioning, do you, have you watched Peter Rodney, Anthony? I haven't, no. Is that something I need to do? You need to do it. Yeah. I've been watching it might be vaguely uncomfortable for you, but I think you'll like it. No.
Starting point is 01:07:57 Why would it be right? What do you think? I'm homophobic. I know. I don't. But there's a lot of sex happening. I don't. Baby, I want everybody to be happy, okay?
Starting point is 01:08:05 All right. You should watch you to drive, and we'll have a discussion about it. You are a pleasure to talk to. I always enjoy talking. I can't be quiet at this point in my life. It's like my kids say, Dad, you got to speak up because you got to help people speak up. I think what I love about you and Scott. is you're helping people speak up. You're providing a little bit of a ceiling for people to come in under.
Starting point is 01:08:27 Yes, absolutely. God bless you for that. And God bless the people of Minnesota who are doing that. They're not organized protesters. They're not being paid for by George Soros. These are people who are seeing what's happening in their community and they don't, they won't put up with. Trump would not be responding the way he responded this morning if that were to case, Carol. That's right. Trust me, he would have gone crazy with evidence related to that. He's looking at the situation saying, I'm losing here. I've got to pull this back. What a decent group of people in helping their fellow citizens in Minnesota. He's actually breathed life into Tim Wals again. I have to tell you, it's incredible. You know, but we'll see.
Starting point is 01:09:03 That's one way to look at it. Yeah, well, actually, he's handled himself well. And just so you know, I urge everyone to listen to my Jacob Frye interview, very interesting interview. Unfortunately, he did predict exactly what was going to happen and let's hope it doesn't happen again. And my heart goes out to the family of Alex Pretty. and also the family of Renee Good and all the families who are subject to brutality in this manner. It's repulsive. Can't have your government killing its own citizens and not form some level of coordinated resistance to that.
Starting point is 01:09:34 Yep, absolutely. Anyway, we want to hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com slash pivot to send a question for the show or call 85551 Pivot. Thank you, as always, never a dull moment. And thanks for listening to Pivot. Be sure to like and subscribe to it. our YouTube channel. We'll be back on Friday. I will read us out. Today's show was produced by
Starting point is 01:09:55 Lara Naiman, Zoe Marcus, Taylor Griffin, and Kate Gallagher. Ernie Enderdot engineered this episode. Rich Schibli edited the video. Nishat Koura is Vox Media's executive producer of podcasts. Make sure to Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at nymag.com slash pod. We'll be back later this week for another breakdown of all things, tech and business. Thank you, Anthony. Thanks, Kara.

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