Right About Now - Legendary Business Advice - $100 Million on the Line: Americans Betting Big on the Presidential Election

Episode Date: November 1, 2024

SUMMARYIn this lively podcast episode, Ryan Alford joins co-hosts Chris Hansen and Brianna Hall to dive into a wide array of engaging topics. They kick off with personal holiday stories, reminiscing about Christmas traditions, festive decor, and memorable moments. Shifting gears, the trio explores innovative marketing strategies, analyzing Mountain Dew’s recent rebranding and Goldfish crackers' creative limited-edition releases. The conversation then tackles the evolving landscape of college sports, highlighting the financial possibilities now available to athletes under the new NIL regulations. They also discuss political betting on the Robinhood app, diving into recent controversies around financial platforms and offering listeners valuable insights on trends shaping business, sports, and marketing today.TAKEAWAYS Discussion on the upcoming election and its implications. Holiday preparations and traditions, including Christmas decorations. Marketing strategies and rebranding efforts of companies like Mountain Dew and Goldfish. The impact of Name, Image, Likeness (NIL) regulations on college athletes and sports marketing. The commercialization of college sports and its effects on education. The emergence of betting on political outcomes, particularly through platforms like Robinhood. Analysis of current betting odds for political candidates and their potential influences. The role of media appearances in shaping public opinion during elections. The complexities of modern banking and technology, highlighted by JPMorgan Chase's recent lawsuit. The importance of critical evaluation of information from media outlets in today's society. If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE.  Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding.  Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel  www.youtube.com/@RightAboutNowwithRyanAlford. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This is Right About Now with Ryan Alford, a radcast network production. We are the number one business show on the planet with over one million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping next and cash and checks? Well, it starts right about now. What's up, guys? Welcome to Right About Now. It's our weekly business news of the week here on November 1st, 20. 24. One week to election day, or I think, or three days to election day. What is it?

Whatever it is, it can't happen soon enough. Here is we enter November. There's all kind of sayings for November guys. I know there's like multiple. No shave November. No shave November. There's another one. What's the other one? I don't really want to. I don't want to partake in it. If it's what I think it is. But nonetheless, Chris, what's up, brother. What's up, bro? How you doing? I'm good, man. Hoping from one to the next and having my tasty kombucha here this morning.

The Sagar said, no way I'm drinking kombucha. Mmm, tasty. It's tasty, yeah. Brianna, what's up? I am doing great. I just read what the other November challenges, and I'm not saying it out loud. You didn't know what Chris and I were talking about. I had no idea.

I was like, what is it? So I'm like, I don't even want to say it. I don't want to partake. You guys can Google it. It's a new challenge for your husband, Brianna. Nope. Let's just say it's triple ends. That's a quick no. Yeah.

Triple ends. Is that right? Am I doing my? Yes. Yeah. Yeah. Yeah. We're talking about the same thing.

So we're going to be like the anti-triple end here on right about now. When everybody else goes left, we go right. We don't recommend the NNN challenge. Yeah. No, it's not an election year. Oh, here we are. End of November. Got two months up.

My wife is already starting to decorate for holidays for like Christmas. Really? She decorates for Christmas before Thanksgiving. She's one of those. Oh, gosh. No. December 1st is it? I can't take it much longer than one month.

Yeah. It's the thing. But she likes to get it done. I can't falter for the fact that she likes to. kind of get it over with and to enjoy it longer because it's a lot of work. I mean, there's a lot of, with all the shit we have, like seven Christmas trees. Seven. Like some of them, the miniature like, you know, five foot kind, but two or three are the big daddy's.

It's a thing. I was telling the team this morning that we have a house Christmas tree and then we have a to-go Christmas tree. Because for the last three years, we've done Airbnb for Christmas. So I'd like to go somewhere. So we take the to-go tree to the Airbnb and set it up. But then we also have like our main 30-day Christmas tree. My dad developed a concept. My dad's a creative guy.

He's like a master carpenter or general contractor. And he developed a concept that was kind of like a roll-up tree that went flat against the wall. Like it was tall. It was a triangle like the tree and it had decorations on it. but it kind of rolled out on the wall. Yeah, it had lights on or whatever. Yeah, flat on the back. Yeah, flat on the back.

He was like, he'd make those for the corners too. That's awesome. Yeah. He's like, this is a billion dollar idea, but I know execution's everything and he never. But I thought, I kind of laughed at when I was a kid because he's had this for like 30 years.

But now, I don't know that that's a bad idea. Yeah, I like that idea. For like single people, especially easy or just, you roll it out, baby. We are like go cut down your Christmas tree in the National Forest family. I don't know. I've been trying to figure out where in South Carolina.

Chris ball style. Yeah, because we, in California, we have the Tahoe National Forest. It's like $10. Get a permit online. And you go out and you cut down a tree. Look at us. I'm straight to Christmas here. Nicole will be proud.

We skipped right over Thanksgiving and Black Friday and all that stuff. Went straight to it. But, you know, I think it's anything to. not talk about elections and everything else. So we'll see. We'll be behind us. We purposefully have a very limited amount of presidential coverage on the news today. I know.

I barely have enough energy to talk about it. But you know why I do have energy? Because before I got this healthy kombucha, I had my ex exponent. It powers the podcast. That's the only way you have energy. You look, it's been a long election. year. Look, long season. This is the reason for the season is Exponent. That's what I'm talking about. Anyway, they are the official energy drink provider. They get us through the holidays. They get us

through these episodes where we get tired of talking about, you know, two candidates battling each other out here. One of these is going to get the belt. We're not going to send this one, but one of them is. But who gets the belt every time as Exponent, the official energy drink of right about now. and Ryan Alford keeping me pumped up. I had six before the show. I'm ready. I'm kidding. Don't drink six.

I did have a couple. And I'm good to go. We appreciate Exponent. One of our newest sponsors here powering right about now and keeping yours truly eyes wide open. Thanks to them. Go check them out. Exponent in a drink Exponent on Instagram. DrinkExponant.com.

That's EXP. But they got the big X. X marks the spot. for energy. Appreciate them. I got right to it. Yeah. Speaking of drinks, we have on the docket for the news today, Mountain Dew doing a rebrand,

and I dropped a little image there for you guys to check it out. So they're rebrand in 2009. What we heard was that it kind of was a little bit childish and kind of aimed at like your kids' age group, that demographic. And so they're trying to kind of do a little like vintage. thing here with the 2025 rebrand. It's got the word mountain. It was abbreviated before, now the whole word's back. Oh, it's the old logo change for iconic brand. I could see them in the boardroom. All right, sales are slumping a little bit. I was thinking about,

you know, an influencer campaign. No, let's redo the logo. Magic. There it is. I do like, hey, go back to your roots. Go back to the... I still like Do the Do. You know, that was the tagline back in the day. And the previous logo is kind of like that Batman, like shattered. Bam! Now it's like back to the glowing for the mountains.

I like it. I think it's a vibe. I think it's cool. It's just... It reminds me of Irish Spring. Yeah. I was going to say it feels familiar. Yeah.

I don't know why that's... It's like jumping at me for some reason, but... That should be a mashup, a brand mashup. Do the do while you're doing the do. Like watching... Come to do the do in Ireland with our soap. Hey, that's pretty good. Irish accent from Chris.

I think I... I think you had it in you. I like that. Can you talk the whole episode that way? I can try, but it would be a struggle. Yeah, so Irish Springs old packaging looked very similar, but they have since also rebrand. branded.

Man, I guess soap sales are slumming it too. Yeah. Yeah. I will say, of all the sodas, being an energy drink guy, being an exponent energy drink guy, you know, like, I got to feel something. Of all the sodas that I actually feel like I feel the caffeine, Mountain Dews, one of them. You drink like three diet Mountain Dews? Pretty good.

I drink a Mountain Dew and I feel like the, I feel like when I'm drinking it and it's like that bright color, you know it's all artificial. It makes me feel like I'm going to get like the teenage mutant ninja turtles or something. Neon. Yeah. What's so funny? Yeah. Yellow number five.

Yeah. Oh, boy. And look, that's what's so funny. They're going back to the mountains, which, you know, it kind of instills this natural, like, whatever. Is there a more sort of artificial flavor? Yeah. I'm like, did they switch to cane sugar and not corn? syrup with the rebrand?

Yeah. I'm thinking people are cutting down because of health reasons, not the branding. Yeah. Yeah. The mountain's not full with anybody. Maybe that mountain do zero. I don't know, but do the do.

And I do think that I can't help but think that like traditional soda's hurting a little bit with the fight against sugar and everything. I think that's why Coke zero. Coke Cola is, I mean, there's been Buku's on Coke zero everywhere. You see, I, I can't remember actually the last I saw a Coke original commercial versus a zero. Coke zero commercial. I see a lot.

It is because it's funny you say this. In the package room this morning, younger guy is probably 25. He was talking about, oh, yeah, I quit drinking regular soda. I used to trash diet soda, not only drink diet because I'm trying to be healthier. And I'm like, all right. Bro, drink some water. That too, yeah. Yeah.

I just can't put that sentence together. I'm trying to be healthier, so I switch to diet soda. Like maybe switch to iced tea. Baby steps. Yeah. Baby steps. Okay. I'm not really a soda drinker.

I'm a LaCroix girl through and through. I can't, I got to have a little sweetness in my, like the Croy didn't have it. It's just fizzy water with a flavor. I don't have water. It's naturally. I'll tell you what. LM. T that the electrolyte drinks, they just came out with a canned sparkling electrolyte drink.

That's kind of been a good little soda. replacement for me. There you go. I'll have to try it. I replaced my soda with soda. And the Coke Zero's, I posted that. We talked about a couple weeks ago, Cherry Coke Zero. I'd really cut back.

You replace your soda with an energy drink. Yeah, that's true. That's true. Or kombucha. My thing is this. I would rather. It's very, Ryan. Just tell everyone it's a Bud Light.

It's fizzing. It's not Bud Light. I swear. It's not out of the question that it could be, but it is not today. We did just refill the cake. Yeah, that's not it, though. If I'm going to drink my calories, I'm going to drink them in a craft beer or a glass of wine. Yeah, I agree.

That's why I went to zero. Like, zero has zero calories. I know it's a lot. I know the chemicals that are unhealthy. I've cut back. I don't need the lesson. However, if you're going to drink a soda, I can't help but think that zero is better than a sugared one up. Like, they both have the chemicals that are nasty, but at least one.

doesn't have 180 calories and four tablespoons or like what a pile of sugar this high or something. Yeah. So there's a reason to drink exponent. They got zero. No adaptogens. No, they have adaptages, but no bad stuff. I'm staring at the can.

They're getting bonus. You know, I love these guys, but they're getting bonus sake because it fits in. Playup powered. Yes. They got none of the bad stuff, all the good stuff. Those things are amazing. I've been drinking one in the afternoon. And I feel like I have gotten so much more productive.

like end of day, two to four p.m. cranking stuff out. I'm just getting this perfect to not bother Sawyer. Yes, I got the thumbs up. We got perfect synergy here on the set, and I don't want to disturb the Chi or Sawyer. So, yeah, I agree. So enough, enough exponent, we love them. You know it.

Go check them out. But here's the Hill. Brands do this shit all the time, and they think, all right, the logo change. And it gets in a fresh little pop. It gives you some news. It's kind of more of a PR play. I don't think they're going to fool anybody into thinking this is truly natural mountain dew.

Mountain Spring. But, you know, I do like Chris's comparison to Irish Spring. That would be a good brand mashup of sorts. And in addition, we have one more marketing news coming to you guys today, and that is Goldfish. Crackers has done a limited edition where they release it's the same, the same cracker, Goldfish, as you know and love them. But they are called Chilean Sea Bass. And it says their whole marketing campaign is adult sounding name, same goldfish taste.

So it's not actually flavored Chilean Sea Bass. It's just called Chilean Sea Bass. And they are sold out. They sold out, like, immediately. That's... You can't even get them anymore. I mean, people will collect anything. That's what I was going to say.

Let's have some collectors or something. Yeah. And then it's like, I mean, you're going to have that bag of crackers that go stale. It tastes just like a regular... But 30 years ago when these came out, then it's going to be on that show where they eat stuff, you know, on YouTube. Like, they eat stuff that's like 50 years old or something. They open it up to see if it's.

any good. It's pretty, my kids watch that. I'm watching it. It's pretty fascinating. They got like one of those cake, you remember those old cake makers that little, you make bake, little bake, little bag. Oh, like an easy bake oven? Easy bake oven. Yes. They were making one from like 1960. It didn't go over well. I had an easy bake oven. Easy bag. I'm sure you did. I did. A little baker. My very first job was being a baker's apprentice when I was 16. Oh, did you wake and bake? As a child. I plead the fifth.

Yeah, that was quick. Chilean Seabass Crackers. Look, this is another good PR play. I like it. I like it. From marketing perspective, it's hard to get attention, you know. In today's world, this is a nice little attention play. I have no idea where they came up with Chilean Seabass.

I was trying to get the playoff like the name. and I don't think there is one. It's just, it sounds very fancy. Next to they're going to have like escargo. Escargo crackers. I love that it's just like cheddar flavor. Like the same old, same one you've always gotten labeled Chile. I was hoping it was kind of like they actually tried to make the flavor because there's been a lot of that too, these funky flavors of different things.

But, oh well. Do you want to take us into basketball? Oh, sure. You didn't even want to set it up? I mean, I do, but I'm a little nervous. My basketball, I'm not up to my basketball speed. Oh, yeah. Gatorade signing a new deal with Duke's basketball star Cooper Flag. Yep. He's one of the highest rated recruits coming into this season playing for Duke.

Shocker, the good get better. and so he's signing in Aldell with Gatorade. All these guys are signing deals. He's projected to be the overall first pick of the draft straight out of college. So they all have to play one year. And, you know, with the new NIL deals, these players can get paid for their name, image, and likeness. And it not used to be sort of against the rules. They've finally come around on that.

I think they did. I still think it's the Wild Wild West a little bit. They don't have the regulations around it that they need to. It used to be you knew like the $500 handshakes were happening behind the scenes. And so that's gone, which is good. It's now in front of the scenes, but you've got guys signing these huge deals before they, you know, even get to the pros. And I think people should, look, feel to be able to profit on your own name and image. I mean, that's pretty much what influence or marketing is.

But at the same time, there's this. slippery slope where you've got different players on the team getting paid difference amount, different deals. It can cause some turmoil sometimes between teams or has the potential to do that. I don't know that that's been proven yet. I do think an offensive lineman understands the quarterback like in college football might get a bigger deal, just like they do in the pros, how rare their talent is. But I think you're seeing more and more of these deals even take place before these athletes

make it to college. So, because I can tell you this. Before they make it out of college. Yeah. Yeah. I mean, I have the outline of a book called Raising a Brand. Because literally, there's a strategy to this. And I don't know if any of our kids will be pro athletes.

Nash, our youngest, probably has the most potential just based on athleticism at his age. And I've already bought, I own every one of their own Instagram handles, all their own. I did this probably four years ago, like Nash all. Offord.com, Hudsonofford.com, at Hudson Offord on Instagram, on TikTok, I own all, I have all their usernames and their URLs already because, you know, planning ahead. Not only because for, you know, athletics, but for just personal brand's sake to own these things because you never know when they get taken. Crazy that that's an asset that you should look into for your children ahead of time. I thought about that.

So for yourself too. I didn't do that in college. I'd have built a website on my name, like a domain, like a personal brand site. Yep. Well, there's 20 million Brianna Halls.

There's only one true Chris Hanson and he's not on Dateline. You do have that one. I'm the new one. Yeah, he's the newest one. He's not chasing the predators. I do ask that like probably twice a month. Someone's like, oh, Chris Hanson,

Jeline NBC. Yeah, bro, it's my uncle. Yeah, but Cooper Flag, it's a pretty recognizable and memorable name, but you'll be hearing a lot more of it. Good player. Very rangy, I would say. It's kind of like one of those six-eight kids that shoots, runs, and jumps well, does it all.

It's all well, dribbles well, like not just like a big guy and not just a guard. So that's probably likely a first round draft pick. And I'm sure this is a seven-figure deal already. So there's real money being thrown around with NIL. And I think of it really back to just, it's influencer deals. But they have their influences driven by their athletic ability and the eyeballs because Cooper Flagg is on Duke's team.

And think about the aware, like, How often does Duke get shown on television? And how often does he get shown on television? So how many impressions is that for his awareness? Because that's the way you think about these deals is, no, he's not going to have a Gatorade logo on his, not yet, on his Duke jersey. But the more known he is, the richer this deal is for Gatorade.

And so that's the way you have to think about it. And that's the way, you know, they signed these deals thinking about, okay, if a player is going to New Mexico State or they're going to Ohio State, who do you think is getting the bigger deal? Ohio State. Bigger name, more impressions on television, more known. More known. And so the player combined with the school and then the personalities.

And this is where, you know, like parents out there listening are like, you know, your kids are, it's not about just being showy, but being a proxie. approachable to brands, being willing to do content, do things, like being open to this stuff. Because it's not natural. I mean, you think about even doing podcasts, some people, it takes getting in front of the camera and doing those kind of things. The faster that you can get comfortable with that, the bigger your deals will be. Because there's guys that get bigger deals that might have a little less following.

They have a huge personality. They have a true following and not just sort of, oh, I'm following him because he's, you know, a good player. But because of his personality and things like that. So things to think about, things that these brands think about when they sign the deals. And this guy's just at the top of the class. I don't know what his personality is, but he's got it. He's just going to be out there so much. They're tying to it early because he ends up first round draft pick.

You know, he'll have a pro deal and everything else. It is interesting. I think that it's good for these players to benefit from all of their hard work before they have to, you know, to wait until they become a pro. because I think that's kind of what's happened in the past, right? They've almost been penalized for not yet being at that level. And then if they do get injured or, you know, their career gets cut short, they never got to benefit from it the way that they should have. Other than the free $300,000 scholarship that they get.

But, you know, that's sort of, I mean, that's the one thing that's sort of getting lost in all this. And I agree with you, by the way. And the scholarship isn't in comparison to a million-dollar deal. So I get it. But at the same time, we're kind of losing the core of this, which is why you typically did it, which is to get the education. But now it's coming pretty much pro sports and pre-pro sports colleges. We don't have to hide about it anymore. Just is what it is.

Yeah, college is a really interesting topic. We won't go down that rabbit hole. But the landscape is changing a lot. Yes, it is. Well, we thought this was interesting. This morning on the radical team, we discovered that Robin Hood, the app, you can now bet on which candidate you think will win the U.S. presidential election. So we put this, this is our only election coverage. But we just thought it was interesting that now you can place a monetary bet on who you think is going to win.

I'm at. I thought they'd had this stuff out there. They'd have the... I think polymarket, you could do it in Vegas, but Robin Hood's rolling around on the app now, I guess. Nice. So 60. So it's essentially 63% chance Trump win 38%. I mean, I'm already reading that data right? Yeah. At least according to how they're doing it. I wonder if that's just purely if that's based on sentiment or polling or if that's just based on the bets being made.

I think it's based on the bets being made on the app, but I'm not certain. All right. Let's see. I mean, I kind of want to take Kamala for 38 cents. even though I've been very vocal by who I want to win, who I voted for. But that seems like it could be like good money. Like if it's spread there. Yeah, good spread. If it's as close as they say it is, that's a good bet to make.

Now, I tend to think it might be going the other way and hope that it is. But just saying, because look, that's what happens. People vote. you don't bet gamble with your heart. Yeah, you gamble with your head. That's what happens to like football. Oh, yeah, I love that team. They're definitely going to win by that much.

You're just totally going all heart and not like logic. So I don't know. Is it really trending that heavy to Trump in your mind, Chris? I don't know, man. I don't know what to believe. Yeah. Because I, you know, if you based on social media, it's like, well, is the algorithm just showing me certain things? Yeah.

I do feel in the last week I have seen more criticism of her, even I feel from the media. Yeah. So I could see. And that, and let's be real, you still have a lot of people heavily swayed by the media. So I could see, you know, that. But again, I don't really know what to believe. If you go to a media outlet that's pro Kamala, and it will make you think that she's absolutely winning.

Like, they're not showing, I go to a site that I felt used to be pretty down the road. It might even have leaned Republican 10 years ago, but Drudge Report. And God, it is so left now. I can't barely even read it. I just go there sort of to, you know, at least get the other side. And they do have, when I get past, the election stuff. Some of their other articles are pretty interesting.

But God, they would have you believe that, you know, Trump's lost his mind, not going to win, and everybody's bailing. But it's like that. But then, like you said, Chris, if I'm on social media, and I know it's the algorithm and stuff like that, everything else and the more middle of the road media seems to be sort of throwing a little more darts at her. Yeah. So it's, who the hell knows what to believe?

Well, and then you got like Trump on Joe Rogan. obviously that's huge. And I read this morning that her campaign said they would only do it if he went to them and an hour maximum length. Yeah. So he said they're not going to do it. I mean, yeah, it's a podcast, but do Joe Rogan podcast is huge. And a lot of people follow him heavily.

So I wouldn't be surprised if that also could have swayed some folks or, you know. And I think it's fair to say you probably have a lot of people that listen to Rogan that aren't Trump people, a little bit more free thinking. So maybe you had some of the listeners getting a different side of him that they're not exactly exposed to if they're used to just watching the mainstream media. Yeah. I think if this was any other candidate on the right, it would be a landslide victory. For sure. For what the, for the economy and inflation and all that stuff, that would bury her.

Like Ann. Like Christy Gnome or Tulsi Gavre, another female would make it really interesting. if there was no female Republican. I think the only reason it might be, and I still think it might end up being a landslide. Comparatively, you know, like what's a landslide in an election? You're always going to have it fairly even because there's a lot of Democrats are never going to vote Republican.

But I still think it might be a landslide, but it got it would be a earthquake landslide if his name wasn't Trump. So this is super interesting in regards to this bet. It says more than 100, million dollars has been legally wagered on the presidential race days out from election day. Betters will bet on anything, man. Yeah, that's all that day. My buddies that gamble, they will gamble on anything.

They probably saw this this morning and immediately jumped on Robin Hood and placed bets. I'm not going to lie, I was tempted. But Robin Hood doesn't have a great reputation after the whole game stop. Yeah. You know, when they shut down trading and all that. So you could win your bed, but you might not get your money out with Robin Hood's reputation. This is interesting. So according to NPR's Planet Money, of the 15 presidential elections between 1884 and 1940, the betting market has correctly called the race in 11 of the 15.

I like those odds. Yeah. It's just what is the betting market? Is it Robin Hood? Well, this is this is the betting market. Yeah, so there's Colchie. It's in the saloon. There's a couple of them.

Robin Hood and Colchie are the two big ones. I got my six-shooter and my bed in. All right. We'll see what happens. A couple weeks ago, we had talked about the TikTok Chase Bank glitch. that was trending on TikTok. And when now it's coming full circle as J.P. Morgan Chase starts suing the customers

who allegedly stole funds in the ATM glitch scam that went viral. Yeah. Our YouTube video, and if you get a time to plug the YouTube channel, we have one of the fastest growing business podcast YouTube channels. Get over there and check that out right about now. Just search that on YouTube. But that was one of our biggest videos. Go figure.

A couple dollars of views. And it was all about this. And we either fueled more of it or got people to stop. I'm not sure which one. But go figure. You're going to get sued if you steal. Oh, man. Right and bad checks.

Shocker. Shocker. They go after you. I was really surprised that two of the people that are getting sued are businesses in Florida that participated in this game. That caught my eye, too. Yeah. Well, it'd take much to open a business.

I mean, you know, like. Yeah, they probably formed a LLC and just wrote blank checks just to. Yeah, just to get some scam. I would imagine these people probably will no longer be able to bank with Chase after this. Yeah, well, they'll probably be in prison. This one person says Chase alleges that Amanda posited a $335,000 counterfeit check, resulting in a $290,000 debt after multiple withdrawals. So how is he going to pay that back?

It's going to need a lawyer. I just can't believe that I get it because I think I've seen this with my bank. You know, once you banked with them for a while, they'll credit you before the checks. So I get it in a few grand, three or four grand, five grand, something. But the fact that they allowed this on the $335,000. check or even down further in an article to two 140,000 dollars checks.

It's like, that's, you know, Chase's fault at that point? Like, dude, you guys software allows that? Yeah. Yeah, banker in your favor.

Not really, but still, Chase is suing to get the funds returned. Yes. Wild. Wild. Also, how did you have that much money in with ATM? I thought the ATM had like a limit.

It does. Well, they're probably walking in. And getting the teller to give them. Then Rust 8-Tam. They might have doing like going to different ATMs, $1,000 a day or something for a week. Maybe they're breaking off the bank teller cut too, you know? It runs deep.

Speaking of deep, deep in the TikTok industry, TikTok's founder has now become China's richest man. I am not going to attempt to pronounce his name, but he is the co-founder of Bite Dance. and he has now become China as a wealthiest person with a net worth of 49.3 billion. Is that Yang or Zhang? Zang? Z. I don't know if the Z and the H become a Y. I don't know why I think that. I think I might be making that up.

But Zhang, Yaming? You know it's not that. That's too easy. But we'll find out. He's a rich dude in China. And the owner of Bight Dan. Co-founder of By dance, excuse me. Go figure.

49.3 billion with a nearly 50% increase a year every year. He's doing some good investing there. Doubling up. Doubling up in a year, essentially. 43% increase. And if he sells, if the U.S. ever forces them to sell, it'll make a lot of those bees. It's worth quite a bit.

Is he limited to what he can spend it on and being in China, communist China? Like, is he have to share? How much does he have to give the government a year? I just want to know, like, could they take his funds at any moment? I mean, that's kind of, good question. Is it really, are you really a billionaire if you're in China and it's in Chinese bank accounts? I don't know if you want to be on that list in China. I don't know either.

The government's definitely in your pocket. It says that being a billionaire in China can be challenging. I bet. You think when a communist country might just decide they want to take your money. And you can't criticize the Chinese government if you do have money because you will face political backlash. It says quite a few billionaires have left China and an additional 15,000 high net worth individuals are expected to leave China. Let's just say if I was in China and I had that kind of. of money. I'd be offshoring that, however you can do it and planning my exit. So, just saying.

Well, for us normal people in America who are not billionaires. Billioners. Sounds like job openings fell to $7.4 million, the lowest since January of 2021, indicating a slowdown in the labor market, especially in health care and government sectors. I don't know why in those sectors, but it's not surprising. You know, we've been hiring a few positions and I feel like the candidates have been better. I mean, I don't know if that's correlated at all. But I do think it's a different job market than it was a couple years ago. It just feels different when response rates, things like that, the people that seem to be in the market.

Just my observation is a small business owner. So it's not totally surprising. And I feel like some of the, it's like all the other economic metrics had to catch up to the job market at some point, right? So I think there's some of that as well. Yep, totally. Well, hopefully everything after, let's see, today is November 1st. We have three more days. I think we will see some changes in the economy based on the outcome of November 4th.

Yeah, it will be interesting. I mean, it's going to be surface level, just sort of, I don't know, temperament reactions because no president getting elected on the fourth, no one, they don't take office until next year. And so it's all sort of become speculation. So emotional. Emotional speculation. I could see Bitcoin, if Trump gets elected, going up. Oh, yeah. And then kind of going back down.

Yeah. Yeah. So. The stock market probably as well, get a good pump, and then it'll kind of chill out. Yeah. So. I think a lot of those metrics, if Trump not, and this is just, it's not because I'm voted for Trump. But, but like, because he's new, I know he's already been president, but because it's a new candidate, new party coming in, which always brings sort of what is what everyone's sort of sentiment is.

like new energy, new things, whether true or untrue, ultimately, no matter what the policy, it's sort of that sentiment more than anything. It's sentiment's powerful in the market. Well, and I was having this conversation recently with somebody is, so we've been in four years of the current administration. If Kamala gets elected, we have four years of Kamala, which essentially is the same administration, and then she could get reelected so we could have three, four year terms of the same. sentiment. Oh, did I fall into my mic? I was just thinking about what you were saying. Yeah. All business owners everywhere are. Yeah. Yeah. Yes. 12 more years.

Four more. Eight more years. Oh, eight more. Oh, geez. Just one more decade, you guys. It's, I just can't take the, I don't know. It's, look, I've said this a lot of times. The president's going to get in my way. of pushing forward. That's the great thing about America. But I just don't know if I can handle some of the. And look, I get it on the other side. People say the same thing. Everybody has different strokes for different folks.

But I'd like to keep my business taxes down. It's good for everybody, you know. Oh, I think that's it for today. We appreciate everybody out there. Chris, any final words? Appreciate you guys listening. Like and subscribe. Yes.

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