Right About Now - Legendary Business Advice - Chase Bank TikTok Trend Exposes Alarming Rise in Check Fraud – What You Need to Know!

Starting point is 00:00:00 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 in 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 September.

Starting point is 00:00:30 The 6th, 2024 joined as always. Brianna Hall, what's up? Hey, guys. Chris Hansen. What's up, brother? What up, Ryan? What's up, Brianna? Hey, we are right about now.

Starting point is 00:00:46 Ready to get into it. It's been a good week so far. Short week. I've been, I don't know about you guys, but I've been in that, what day is it mode? Because when Monday's the holiday, I'm all thrown off,

Starting point is 00:00:59 like telling my, kids like what day it is or they got to do something based on our normal schedule. And then I'm like, no. And I will say this, random, bear with me. They have at Harris Teeter, the local grocery store here in Greenville, they have $5 pizzas on Monday. And so last night, Nash and I were getting pumped. Nicole went out with some friends for like some kind of birthday party or something.

Starting point is 00:01:26 So it was just me and Nash. It was two dude night. The other boys were away. And I'm pumped five-dollar pizza night. I call up there. No, it's Tuesday, sir. I'm like, son of a bitch. Anyway.

Starting point is 00:01:42 Do they still do pizzas and they're just full price? Yeah, they're 1399. So like, hey, that's, I mean, that's $5 that, you know, that's swayed the decision. Because it's like for $14, we might choose something else. But for $5, these are big pizzas. This is a good deal. It's like, let me tell you the deal of the century if you're listening. And there's a Harris Teeterney or you, you,

Starting point is 00:02:04 $5 Monday pizzas is a bargain. So, yeah, we went on plan B and had steak. Hey, that's a pretty good plan B if you ask me. Well, we actually had that at home. So, you know, we made do with steak instead of pizza. But anyway, there you go. Monday's thrown off. Hope everybody had a great Labor Day weekend.

Starting point is 00:02:29 I definitely did not work. So it's the irony of Labor Day and not working, I guess that's the point, right? Yeah. Anyone do anything that they want to mention for Labor Day weekend here? Chris, do you have anything? I relaxed, man. I took it easy. It was kind of rainy and I took that time to just chill and hang out.

Starting point is 00:02:54 I loved it. It's great. Let's see. I took my family to IKEA. Nah. IKEA. In Charlotte? In Charlotte. Yeah. Nice. Yeah, IKEA. Did you get anything that took like seven years to put together? You know what? We didn't. We were there and we were like ready to buy like 10 things and we looked at each other and I was like, oh, we're going to have to put these together. And my husband was like, yeah. And I was like, let's just come back.

Starting point is 00:03:18 Nicole's really good. I've become way more handy having a boat now. But like Nicole's to put her together of the two. So she lost putting like little things together. So I just sort of like, you know, play with the kids or watch TV when we get. That's Matt. Well, she puts those things. Ryan just lean back on the lazy boy as Nicole sitting on the ground in the living room building room building the fucking cabinet. Good job, honey. Good job, honey.

Starting point is 00:03:46 No, Phillips said. Not the flat head. Hey, don't over tighten. You know, the, uh, whatever those things. The hex wrench, the down wrench. It's worse than backseat driving You're backseat construction Believe me, she doesn't want me

Starting point is 00:04:00 Because I get to drill out No matter what And they don't want you using the drill on those things And I'm like, I'm putting this thing together That says two hours or 30 minutes, guaranteed And I don't read instructions No, I'm the same way When Matt and I first got married

Starting point is 00:04:14 We were like moving stuff out of my apartment And he was like This bookshelf is put together with nails He was like, it's not supposed to be I was like I didn't read the instructions Yeah. I usually end up with extra pieces or, you know, I definitely end up over screwing things or stripping the screw. I'm known for that. Nicole will see something. She'll, she'll just gives me that look. She knows. She's like, if there's a strip screw in the house, she knows where it's at because I over tightened every time.

Starting point is 00:04:48 It's like, oh, come on, push anything. I'm like putting all my might into it. That's like, unnecessary. But anyway, IKEA, that's all I think of is the, uh,

Starting point is 00:04:58 having to put shit together. Yes. So we ended up with a bunch of kids' toys and like little baskets and not anything to put together. And some like new dish towels. I've done that. I've went like, at the end,

Starting point is 00:05:09 I'm like, I don't want to do this. And I like leave with like, you know, a fucking fake bamboo plant. And two dish towels. And I'm like, well,

Starting point is 00:05:18 got a good deal on those. Yeah. If you went there, you had to get something. So. I've tried to say it over one in G Vegas here. And you've got to get some of the meatballs, the Swedish meatballs. If anything, you've got to get some lunch while you're there.

Starting point is 00:05:29 Yeah. I had some meatballs this weekend. My sister and brother-in-law came down to the boat. And she made some nice meatballs. They were good. Love a good meatball. Yeah. Hard to miss.

Starting point is 00:05:42 You know. I'm not going to touch that one. Yeah. So we appreciate you wherever you are, whenever you are. However you're listening, appreciate you for staying tuned. And don't forget to watch us over there on the YouTube. Hey, you want to see this. You got to see these glasses Chris has on today.

Starting point is 00:05:57 You know, he is rocking. Yeah. Stylish. I don't know. I'm going full Miami today. Full Miami. What do we call those? They just trendy, trendy glasses.

Starting point is 00:06:06 Blue blockers, I don't know. Yeah, they look kind of blue blockers back in the day. They were like the gold tinted, red tinted. It's right. It's bright here in the VHA lounge. It's bright in here. I got to keep. It's bright in there.

Starting point is 00:06:19 Keep my eyes healthy. Yes. and appreciate Sawyer, our producer. He's got the Radcast Network logo up behind me. We are growing the network. If you're a podcast that wants to grow, wants to monetize, wants to get part of the,

Starting point is 00:06:36 get on the train. We're helping shows grow, monetize the Radcastnetwork.com. Check that out. Fill out that form. We'd love to help you talk about joining the network. And, hey, you want to be rubbing shoulders

Starting point is 00:06:48 with Chris and those glasses. Maybe get a free pair. Come on over. Exactly. And, yeah, and, you know, before we get into the true business news, I am going to share this, and I'm going to take it down the business out. It's NFL season starts this week. College football started last week. We're not going to talk much about that because Clemson got destroyed by Georgia.

Starting point is 00:07:11 It wasn't a good weekend for the Tigers. But NFL starts this week, Baltimore and Kansas City, probably a preview of playoffs. You've got two of the best quarterbacks in the league playing and squaring off. But I thought this was interesting. This is about the business landscape report of the NFL and knowing how much business this generates specifically with sponsorships. I thought there were some really interesting stats here. The NFL is expected to generate over $11 billion from American broadcasters this season alone. These numbers get thrown out around a lot.

Starting point is 00:07:49 I think because news and information with, like, social meeting and all that is so readily available and everybody, you know, posts the big numbers. I don't, I don't know that we stop to pause to think about how much freaking money that is. It's crazy. It's like a lot of hot dogs and Coca-Cola's and Budweiser. $11 billion, just this season. We're not about like, you know, 20 years, 10 years, just this season, that's how much broadcasters will pay. And that's just broadcast. That's not like tickets.

Starting point is 00:08:22 Just broadcast rights. So for them to air the games. So here's how this works, people. Let me explain the business of like media and commercials and all this stuff. So when you create a media project, something that people want to watch and has interest, kind of like this show. We want to make it interesting so that people listen and watch it so that then advertising and can be sold because people are willing to listen and watch with the ads also integrated. So for the NFL, they're putting out a product, the game.

Starting point is 00:08:58 They've got two elite teams. There's 32 teams in the NFL playing every week, multiple games. And so these broadcasters are paying for the right to show that game, those games, multiple games, on television, with when they turn around as the network and sell ads while that's airing to recoup what they've spent. So, you know, one network might spend $200 million for, you know, to put it at the Fox might. And I'm sure it's more than that for them. But some amount. And then they're selling ads across all the games that they're airing.

Starting point is 00:09:38 TV commercials, audio commercials on their radio products, depending on what the engagement is. They pay for the rights to show it, and then they can fill up the airways in between with the commercial brakes, selling that to sponsors. Coca-Cola, Budweiser, you know, insurance companies, all the mainstays. So that's sort of how that business works. You pay for the right to show it. Then you get the rights to run commercials during it. So $11 billion is what they spent. Peacock, which is, you know, NBC, is the newest edition.

Starting point is 00:10:14 and their ideal alone just for streaming is $110 million over one season. They're streaming like, I think like half a season games or something, like one game a week or something. It's 110 million. And so like a streaming service like that is also selling ads, but they're also doing it to get more subscribers. So the game's changing a little bit with the streaming aspect, because the monetization for the network this buying,

Starting point is 00:10:44 the rights is changing. They're either selling ads or trying to get more people to buy the subscription. Like, Amazon's been doing this last couple of years with Thursday night football. And they do that because they want more people signing up for Amazon Prime Video, the premium version, and selling more Amazon, the deal that, you know, overall attribution across the brand of Amazon with the association with the NFL. And so the streaming aspect is definitely adding to different ways with which the networks can monetize by getting more subscriptions. A couple other numbers that are pretty staggering. The average price of an annual NFL sponsorship deal for this season is $39 million.

Starting point is 00:11:32 That's like if I want to sponsor one team? Yes. So I'm sponsoring or a, so sponsor a team. I think this combining data sponsoring, sponsoring, that team, you know, the official X of the Baltimore Ravens, or more specifically, the official beer of the NFL. So the NFL as a whole, you know, so I'm pretty sure this is across the NFL as a whole property, the $39 million if you want to be an official NFL insurance provider.

Starting point is 00:12:07 They have a wine now. It's the one of the ones that's like the screw off that everyone's heard of. Anyway, I forget the name. It's the official wine of the NFL, the official plumber of the, I don't know if they have that, but they have a list of categories. It's more than you think. The average price to get that is 39 mil. And so what does that pay for? Well, then you get to produce across all your properties. It gives you a bigger brand play. It gets you mentions on their website, mentioned on their properties and things like that. So the average deal is 39 million. So if you're out there listening,

Starting point is 00:12:43 and some of these numbers you're either going, wow, I have no idea is that much money. Well, it's big fucking business. Number one, like huge business. And number two, if you thought you were going to sign that sponsorship deal with the NFL, probably isn't happening. Sorry. Unless you want to cough up 40 mil real fast. It says the league has five deals in place that the publisher estimates to be worth over 90 million annually.

Starting point is 00:13:11 EA Sports. That's Madden. Madden football. Every year has all the rights. They can put all the games, all the players, all the teams. They're spending around 90 mil, for the right to do that. 90 million a year. EA Sports.

Starting point is 00:13:26 Anheiser Bush, InBev, which is essentially Budweiser. Nike, Verizon, and Microsoft. 90 million annually. That's what they're spending for their deals with the NFL. Yeah. The annual value of sponsorship deals that have been agreed by NFL teams is $2.4 billion. That's the individual deals that the teams are getting. Said the report estimates that the Los Angeles Rams will receive the most from sponsors across the season.

Starting point is 00:14:04 Roughly $150 million is what just the Rams are getting with their sponsor deals. Like the one team. There you have it. their title sponsorship deal is with SOFI, and it's $30 million annually. That's just for one team. So like if you want to be the title sponsor, like naming rights sometimes at the stadium, things like that, for one team. Let's say we're here in South Carolina. So we talk about the dolphins.

Starting point is 00:14:36 We can talk about the Falcons. We can talk about the Panthers. Let's say you want to be the title sponsor of the Panthers, Carolina Panthers. One of the smaller, you know, market NFL teams. You're going to spend 2025 mil to be that title sponsor of just the one team. A lot of money. Chris, I don't think we're going to do that vacate deal we've talked about. Not yet.

Starting point is 00:15:06 Not yet. One day. Yes. We need it. Hey, right about now the official podcast of the NFL. You know, that'd be awesome. But I don't know if we're going to write that check yet. Those numbers surprise you guys?

Starting point is 00:15:23 I'm surprised that the Rams have that high of a deal. They're ranked like 25th. Yeah. Yeah, they haven't had the best team in a while. It's just L.A. Just a bigger market, more people. Yeah. So exposures higher with the media properties because it's a larger market.

Starting point is 00:15:41 Yeah. You know, New York's the same way. Jets, giants, large markets, large people. Dallas, big. So big money happening. NFL season kicks off. hopefully your fantasy teams are set. Get your bet the place.

Starting point is 00:15:58 I saw that there's going to be like 90 billion spent or gambled this year on the NFL. Something like atrocious, like literally the NFL alone with all the more the war widespread legalization of gambling. And these are like becoming the largest businesses in the U.S. Like what the between the gambling around it and then the sponsorship and everything of it. Insane. So NFL season starts. Hopefully your team is ready. Got Baltimore and Kansas City kicking off.

Starting point is 00:16:37 Mahomes. And Lamar Jackson. Too exciting quarterbacks. Thursday night. Oh, in the not so great news, U.S. job openings declined to the lowest level. since January of 2021. Vacancies fell to 7.67 million in July, way below all estimates,

Starting point is 00:17:00 and layoffs rose to nearly 1.8 mil highest level since March of 2023. So I got layoffs rising, job openings declining. It would be interesting to see how many jobs were added when that report comes out. But we have a softening of the job market. and fears of recession kind of still kind of bubbling out there. You know, my personal business I think will avoid a recession,

Starting point is 00:17:29 but it definitely feels like we're teetering on the line pretty heavily. And a lot of these data points and a lot of the other news from this, you know, with some of the stock market stuff. I feel like I'll say this, you know, and I think we talked about this, like the job market, like we've had a few open. And I feel like the candidates that we've talked to have been at a higher quality than the last few years. It's felt that way. That's just anecdotal feedback.

Starting point is 00:18:00 It's like maybe the, you know, the best, the most obvious best candidates are just getting swept up like they were. I don't know. Just an observation. I think Penn alum is swinging to people like post-COVID. People were kind of, you know, not really ready to go back to the workforce or, you know, kind of still doing their own thing. and then now inflation's so high that people can't afford to do their own thing anymore. They need to come back to work. Yeah, a little bit of that.

Starting point is 00:18:27 What do you think, Chris? Yeah, man, I mean, I see it down here because I think Miami is a big entrepreneurial city. You know, a lot of people trying to do their own thing. And I feel like two years ago, there was a lot of people I knew that were like doing their own thing. And now I know people drive in Uber. So, you know, and I'm not hating on that at all. You know, I just think all the PPP money. I think there was a lot of money people were throwing around and things are tight.

Starting point is 00:18:57 So even with this, I question, okay, have we lost jobs too to maybe AI and technology? Yep. Some maybe, but, gee, we've talked about this. I mean, when businesses aren't making money, the campaign police, when the cost of goods and everything else goes up, it's hard to grow your business. It's a really tight spot to be in. Yeah. It just feels, I don't know. It's like I always say I hate the focus group of one and then I go ahead and give it to you.

Starting point is 00:19:26 But hey, it's our opinion. It's our show. We're giving it to you. I just the buzz, the feel, the sentiment. You know, being an entrepreneur and owning multiple businesses, you sort of get a pulse of how things are. Yeah. The vibe is not good right now. The vibe's a little off.

Starting point is 00:19:46 There's segments of our business that are doing great. And but then there's just enough sentiment, though, you know, as an overall vibe that it feels a little. And the jobs thing, again, I do feel like putting some, you know, the job listings and things out there. I think the volume of candidates, things like that signals. There's more people out there looking that weren't in the market a couple years ago. I think some of the more like cushy jobs are face. layoffs, you know, and people are being laid off. I've seen quite a few posts recently, you know, just on Facebook of people being laid off from their jobs. And definitely just seeing

Starting point is 00:20:30 kind of like a slow down pre-election in the economy. You know, there's stuff going on with different businesses, people being laid off, buying slowing way down, real estate is slowed way down. So it's definitely a really interesting time ahead of this election. Yeah, real estate is definitely slowed down. I don't know that we have article on today, but everything I've read with it slowing down and house prices actually coming down a little bit, which is not a terrible thing,

Starting point is 00:20:57 depending on the market. Not here downtown Greenville, I can tell you that, but everywhere else maybe. Not here. Condos and apartments are going down. I mean, the big developments, I mean,

Starting point is 00:21:08 you have stuff being left half built right now, like $100 million projects, multi-million dollar homes on the beach that people are trying to sell, made construction, So you can see it, even in a city of Miami where there's a lot of money. You know, you can see even the big money people pulling back right now. Yeah.

Starting point is 00:21:27 I think what they might need is a stimulus, a brand stimulus. That is branded bills. You need stimulus for your brand. You go to brand of bills.com. I'm telling you, I'm rocking my social house hat today. I pulled this one out of the old archives. You know, we run social house. If you're in G Vegas, you come see us, best event and co-workers.

Starting point is 00:21:47 working space in Greenville. But I've got our social house logo on this leather patch. I'm telling you, the dimension. Everybody sees, hey, it has pretty cool, man. I'm like, I know. I got the stimulus package for the brand at bradybills.com. You go there, hit that custom button. You get that design team working on your logo.

Starting point is 00:22:07 They're going to give you some patches, some new designs, new ways to think about how to bring your logo to life on hoodies. Look, it was a little chilly in G. Vegas this morning. I like, I kind of like, ooh, where's my hoodie? Oh, there it is. My right about now hoodie. Got the brand on there. Hoodies, T-shirts, hats, beanies.

Starting point is 00:22:26 Telling you, this is what gets your brand kicking. You send that to a prospect, your business, hey, they're going to go, number one, this company knows quality. And number two, it'll be something they actually wear. Because that's probably the problem. You give out all this merch, people are like, this crappy $2 hat or this, you know, sweatshirt, that's like falling apart after the first wash and dry or shrinks down to a smetium. You know, that X-L going to a smetium ain't no good, Chris. You know, we cannot have any smetiums.

Starting point is 00:22:57 You can't be sending that to your prospects, get people wearing that. You got that employee behind the counter. He's got that smetium on. And, you know, let's be honest, he didn't need to wear that smetium. We need that brand kicking, brand ofbills.com. They're official merchandise sponsor and the brand stimulus package. You need. Go there, check them out, hit that custom button.

Starting point is 00:23:19 You'll thank us for it. We love them, the official merchandise sponsor of right about now. So other things, lawmakers approved legislations to ban deep fakes and protect workers to regulate AI. This is coming to us from our good friends at ABC News. California legislation proved a series of bills aimed at regulating the AI industry, combating deep fakes and protecting workers from AI-related exploitation. I mean, that kind of sounds like not a bad thing. I wouldn't mind the little AI-related exploiting.

Starting point is 00:23:55 It's kidding. These bills now await the signature of Governor Gavin, Governor Gavin. That's what I just want to call it. He's the GOV Gavin, who has until 2 or 30 to act or not act. lawmakers pass legislation banning deep fakes related to elections requiring large social media platforms to remove deceptive content before and after election day. There's a lot of words in this article. Deceptive content. I don't know.

Starting point is 00:24:30 They kind of ring off. But look, here's the deal. The defects are getting pretty scary, how real they look. I almost, the only way you kind of know that they're fake is like, sometimes you're like, okay, there's no way that really happened. But like, but these have, people are starting to do such outrageous things. When did we cross this line where we don't know, you know, what it is? You can't tell. Like some of them, the only way I could tell is like the eyes.

Starting point is 00:24:58 The eyes look dead if it's AI. Yeah. Have you seen some of these newest ones, Chris? Yeah, man. They're all over. I mean, I saw a really funny one. It was Elon Musk and Trump going to the jungle to do ayahuasca. And I was like, this is wild.

Starting point is 00:25:14 You ever wrote this storyline? Did it look real or was it obviously hokey? No, dude, it was so hokey. It was so funny. I mean, but it was shocking. You know what I mean? I mean, I mostly have been seeing all these AI pictures of like Kamala and Trump were like Kamala's pregnant and Trump's like standing next to her like hugging her,

Starting point is 00:25:36 which very clearly is fake. But no, I think some of this bill of what it talks about. talks about, you know, like, you can't clone deceased people without their consent. That makes sense to me. And then even the call centers, like, stop firing real humans and replacing them with AI. I can get behind that, you know. Yeah. I mean, it's interesting.

Starting point is 00:25:57 Yeah. Fighting. At some point, like, with these voice actors, you know, I have friends in Hollywood. We made a movie out there. Even two weeks ago, they were telling me about all this stuff going on. And it's like, okay, you're a voice actor and you're striking because you don't want them use AI. I'm sorry, it's a business. They're going to use AI because it's cheaper. Yeah. I don't know what to tell you. I don't know how you're going to avoid this. I mean,

Starting point is 00:26:20 it says state and local agencies will be banned from using AI to replace workers at call senators under one of the proposals. We also create penalties for digitally cloning dead people without consent of their estates. I mean, I could sort of get behind that one. Yeah. Yeah. Yeah. But I mean, I'll joke aside, but it's like digital cloning. looting legislation. I mean, it's just... What a time to be alive. What a time.

Starting point is 00:26:47 What a time to be alive. I don't know how you're going to fight the... Using AI to do work that is more efficient, eventually. It's like fighting the internet. Good luck. But it is California, so they will try. Yes. It said the legislation set by lawmangers to the governor's desk requires

Starting point is 00:27:10 developers to start disclosing what data they use to train their models. I mean, this goes back to, you know, I've talked about this before. It's like you got to, if they're going to do this, again, you can't find the technology, but they at least got to pay for where the source of the data comes from. And you're seeing that more with like the data deals. And like, that's the problem too is we all opt in and agree to give our data every time, all these apps and stuff. we're not reading the terms and service agreements.

Starting point is 00:27:40 Yeah. Well, exactly. We might be like giving them a green light. Yeah, exactly. To call me when I'm dead. Digitally cloning. I loved that old Arnold Schwarzenegger movie. Did you always ever see that one about the cloning?

Starting point is 00:27:58 Like the Terminator? No, it was like the sixth. It was called the sixth day. I've heard. I remember it. Maybe. I've seen a lot of like. I had an older brother.

Starting point is 00:28:09 and we only had like a couple VHS tapes growing up. So it was on repeat. Yeah. They, what's the show that was on HBO? I mean, that's the biggest thing. It's like that.

Starting point is 00:28:20 Westworld. Westworld. That show is wild. And it was a good show, but it's like, we're not far from that. You know, like with these,

Starting point is 00:28:29 with the robots, like Elon's got the robots being made to look and act more and more normal and other providers. And then when you can put in, the engine slash the brain of these things being AI. You used to just know like that felt really far away. That feels like one's like any moment away, right? Yeah, yeah.

Starting point is 00:28:56 I feel like you're going to get, you know, you're going to see the videos of them having one in a room and you're not knowing it or something. Yeah. And then telling you that, you know, who's the robot in the room? I don't like it. We're going to have scanners on our phones to tell us, like, who's the robot and who's not? Like, who's got blood pumping through their brain? And I don't even think they had that in, like, Westworld to a degree.

Starting point is 00:29:22 It's like, mm-hmm. Do do-do-do-do-do-do-do-do-do. Look out. It's coming. Again, you know, you have to know my humor and my cynicism, just so in case you're first time listener, like, or watcher. I laugh at things that made it, like, because it's just sort of the irony of it in today's. And like, it doesn't mean I don't take it seriously, but this Chase thing, you know, it makes

Starting point is 00:29:52 me laugh because on one hand, one, I don't, I don't want to eat bank or company getting defrauded. So it's not that that's funny. It's more like the naivety of like the kids or people that are doing this, like that somehow they're not going to get in trouble for it. Anyway, jump into the article. Chase warns against using system glitch to filch cash. It's fraud.

Starting point is 00:30:15 Plain and simple, they say. No shit. So there's a viral trend on TikTok, which one of millions, right? On Monday, Chase Bank issued a warning regarding a viral TikTok trend, where users purportedly attempted to exploit a system glitch to withdraw more money than they had in their accounts. The trend involved depositing fraudulent checks and quickly withdrawing the funds before the checks could bounce. It's called check hiding.

Starting point is 00:30:46 Go watch Catch Me if you can. Great movie. But it's somehow like these things are media, videos on TikTok showed users celebrating their withdrawals often throwing cash in the air. Some videos also depicted the aftermath with participants upset for seeing large negative balances in their accounts. Once the fraudulent checks were returned,

Starting point is 00:31:10 like, what did you think was going to happen? Like, like, how to commit fraud as a trend on TikTok. Like, and you can't tell me that, and you can't tell me that the TikTok algorithm wasn't alerted about this, right? Like, why was this not, why did this go viral? Yeah. You know? Uh, what a time to be alive to commit crime.

Starting point is 00:31:35 and fraud and then celebrate it. And then also videotape yourself aftermath, right? Yeah. It all comes cumberling down. I mean, again, the naivity of like the digital crime, not be, like, there's some like form of digital here that they think they're getting away with. But like, this is the equivalent of like me filling myself going and shoplifting, you know, at the grocery store.

Starting point is 00:31:54 And, you know, like walking out with groceries underneath my shirt and then going, look at this new trick. Yeah, just rob the store with a pack of steaks, baked potatoes, and a salad. And then filming yourself crying. You can do this too. And then updating it by filming yourself crying while you're being arrested and being like, what? What?

Starting point is 00:32:14 This is wrong? Like, right? Follow my trend. Exactly. Free dinner trend. Yeah. I went into Best Buy. I walked out with this big screen TV underneath my dress.

Starting point is 00:32:26 You know, like what? Uh, I don't know. Anyway. All right. I don't mean, you don't want to be the old, I don't be the old guy going there. Kids this stupid, you know, but it's like, I was just about to say that. Yeah.

Starting point is 00:32:41 As technology advances brain capacity shrinking. This was from, you know, Chase, this was their response. Regardless of what you see online, depositing a fraudulent check and withdrawing the phones from your account is fraud, plain and simple. Did we have to really tell them that? It's... Dave, they thought it was a glitch, bro. Just a glitch, man. It wasn't fraud.

Starting point is 00:33:14 Yeah. Invidia's $279 billion wipeout, the biggest in U.S. history drags down global chip stocks. So, on Wednesday, the largest drop... We seem to break a lot of records, one way or the other. good, bad, or indifferent, it's, you know, I got the, the example I gave with the house I sold,

Starting point is 00:33:36 it's like 300% up, but like, these swings, both in the good and the bad. We just seem to break records at a pace that seems faster than it used to be. It's like, you know, 279 bill just wiped out one day. Okay. And we're just kind of numb to it, you know? Like, yeah, the average, I don't know, whether they're 30-year-olds or 50-year-olds, I don't know that has anything to do with it. But your average newsreader just sees that just like, man, bad day for them,

Starting point is 00:34:11 flips the page. Yeah. Like, they'll get it back tomorrow, right? I mean, and they might, you might not be wrong. Like, that's just the insanity of some of these swings that are hard to sort of when you're really, want to think about what it takes for that to happen, the amount of money that it takes, how long it would take to make that amount of money.

Starting point is 00:34:35 Like, it's, 79 million dollars. Yeah, yeah, it's like, it reminds me back to, uh,

Starting point is 00:34:41 dumb and dumber. And he's like, that's 139 mil. That's the frar. You might want to hold on to that one. The IOUs. Yeah. Yeah.

Starting point is 00:34:49 Like for, they've got the case of money with like a billion dollars in it. And, uh, they spend it all, but they put IOU's papers in it. Like, like,

Starting point is 00:34:58 and, That's $179,000. You want to go home to that one. That's for the Ferrari. Like, 279 bill, wiped out. That's, that's what's going to hurt a little bit. There's a Band-Aid.

Starting point is 00:35:11 Hope you put some Neo Sport on and it'll make it feel better. Anyway, Navidia shares plunged over 9% during trading, regular trading. You continue to slide. Economic data released on Tuesday sparked renewed concerns about the U.S. economy, contributing to the broader market sell-off. They were also subpoenaed by the U.S. Dividea was subpoenaed by the U.S. Department of Justice as part of the antitrust investigation. Further weighing on the stock.

Starting point is 00:35:42 Yeah. I mean, the previous record was held by META, which lost $232 billion in value on a single day in February of 2022. Do you have any Nvidia stock there, Chris? No, I pulled everything out of the market. I'm crypto. So you still. That's a good hit too. Had it taken a hit this week?

Starting point is 00:36:06 Yeah, I went down with this, but everything's kind of, it's only down 1% for the week today. So it kind of bounced back up just like it appears the market. Yeah. I have some Nvidia. I won't lie. But it's a good stock. It is a good stock. It's a great time to buy.

Starting point is 00:36:22 It's like up 10x, like, last few years. But still a lot of damn money. Well, and even when I see this news, I'm like, all right. but we know like microchips aren't going anywhere. No, that's exactly. Like if there's one stock that, you know, that's kind of the point is like that wipe this off. But it's like they're still up number one and number two.

Starting point is 00:36:46 Every single thing that's like growing now, AI technology computing is fueled by things that this company makes. Yes. So it's like what does this data? And that's where it's for me. like what does this data point really encapsulate then? Because their core business, this is sort of the emotional swings

Starting point is 00:37:09 that are driving like the economy now. They really have nothing to do with core fundamentals of business. It's kind of back to the meme stocks or the meme coins. You know, like they have no real value, but because they got popular for a minute, they went up to values that had no, numerous justification other than the, insanity of the popularity that they get because it just takes all the life of itself.

Starting point is 00:37:37 And so this is kind of the same thing. It's just a sentiment. You get this really fast sell off. So it causes this cap valuation go down. But the business fundamentals, if you go look at like the revenue in cash flow, there's nothing in their business that really, you know, yeah, I get that the going in front of the Congress and all that and having to answer

Starting point is 00:37:58 for some things, inside trading stuff. This matters. I'm not going to say it doesn't, but the core fundamentals of their business are still sound. And I would say, okay, going in front of Congress,

Starting point is 00:38:07 just like Meta did, right, where it's almost too big of a beast to tame. We need a video. We want to be their preferred partner over China or whatever major superpower. So it's kind of like, like you said, people are reacting to the news.

Starting point is 00:38:22 They're buying the news. They're selling the news. It's all emotional. Yep. And I think it's more the economy as a whole, but not this because I can tell you, even if the economy of the whole is the hole went into the tank and all dropped,

Starting point is 00:38:36 Nvidia is their sales or only get a slump by so much and probably none at all because of the technologies and the advancements that all of the companies are doing that leverage exactly what they create. So sentiment, mood drives a lot, of behavior that then creates these swings. And I'll say this, we say we take the BS out of business.

Starting point is 00:39:08 So just think about that. When you feel like you're being swayed or done to think a certain way, it creates these mood swings and this sentiment that has real monetary impact for someone or something. So just remember that. In a moment you don't think you're on the. string being played. That's the moment you're in trouble because we're all being played a little bit. Just saying.

Starting point is 00:39:39 Chris, I got, I'm back there behind you holding your string up, you know? I'm going to get you dancing. Like, I put one in. Here we get Chris dancing on the show. Yeah, no. It's, but that's, that's what it is, right? It's like we're being. And the scary thing is when you don't know it.

Starting point is 00:39:59 happening. I think that kind of ties into, you know, our next article on censorship. It's really interesting ahead of this election, like how many ways we are getting pulled, you know, as Americans, as a worldwide, you know, organization of people. How many ways that we're being swayed through the media and we don't even know it? Why don't she talk to us about this article then? Let's go there, Brianna. All right. You teed it up.

Starting point is 00:40:30 Let's go. I teed it up on our next article. The first day without X. Many Brazilians say that they feel disconnected from the world. So this article is coming to us from us news.com. And in this article, Brazil blocked access to Elon Musk's social media platform X after Musk refused to appoint a legal representative in the country.

Starting point is 00:40:59 So the action stemmed from a prolonged dispute between Musk and the Supreme Court justice over issues like free speech, misinformation, and far right accounts, which is quite interesting. You know, whatever's going on in Brazil's like, like scary. Like, if you're going to like, we have an 85% U.S. audience. And so most people are listening around. U.S. But damn, thankful you're born

Starting point is 00:41:31 in here in the U.S. It ain't perfect, but what all over is going on in Brazil is scary. And blocking an entire social platform, you know, is in having the power

Starting point is 00:41:43 to do so, then that the, the exact opposite of democracy, I think. I feel like they're going through a we went through in like 2020, where we had Twitter still,

Starting point is 00:41:56 but it was so overly censored. are very biased. You know, we've got meta now, Mark Zucker, Republican admitting to censoring stuff on meta. But even here where it's saying they want to go after people using VPNs, you know, where you can kind of cloak what country you're searching internet from. And I've traveled the world. I've been in countries that have certain, you know, restrictions. Dubai being one of them, you know, had a censored internet.

Starting point is 00:42:22 And it's honestly insane for me to think that depending where I am in the world, what I'm seeing is completely different based on that country's political ideologies, motivations. As far as I'm concerned, anyone in the world that you're getting restricted from access to free information, it's just tyranny. Yeah. I mean, it feels like total, like, not to make, like, Stalin, Hitler, like, like, total, like, takeover, authoritarian. It's authoritarian, absolutely. Yeah. You control information.

Starting point is 00:42:54 You control people's mind. and game over. I just don't think you did that genie could go back in the bottle. Like, this ain't going to last, right? It's just people just aren't going to stand for it. You know, I don't know if we were just that naive 100 years ago, whenever, you know, a lot of these things existed, I think the people just aren't going to stand for it.

Starting point is 00:43:15 I wouldn't think. Eventually, it's going to, I mean, it's already coming to a head, but like. And when they did it here, people moved to their platforms. You know, I saw a huge insurgents in Telegram, for example, when Twitter was being censored. You know, like this article says, they've got people migrating other platforms. Yeah.

Starting point is 00:43:33 I don't, I don't know. I feel like Musk can beat this, but. Yeah, I feel like it will eventually work itself out. But how could you feel comfortable doing any kind of business in Brazil? No, and it's very interesting timing, you know, because we're pretty close to the election. And it was interesting in this article,

Starting point is 00:43:52 the way that it was written to specifically, the issues are free speech, misinformation, and far right accounts. It's just interesting to me. They're not getting riled up and blocking Twitter or X over far left accounts. No, exactly. It typically seems only work one direction. Yeah. Let's call a spade a spade.

Starting point is 00:44:19 Oh, what's left today, Brianna? What's like last on our list? I think we got time for one more. What do you think? Well, we did talk about Disney last week and some of the stuff that was going on with Disney. And let's finish it out with some football. There we go. We talk DirecTV blackouts.

Starting point is 00:44:39 The U.S. Open and college football coverage pulled for millions of DirecTV customers over carriage disputes with Disney. Millions of TV subscribers were unable to watch major sporting events, including the U.S. Open. Due to this dispute, Disney Entertainment, including ESPN, went dark during the U.S. Open after two companies failed to reach a new agreement, leaving fans unable to watch key matches, including the fourth round matchup between two prominent players. Blackout occurred just 30 minutes before a couple of the other matches. Blackout also affected college football fans with the LSU season opener. Disney executives criticized directee for denying subscribers access to. during major sporting events and emphasized their refusal to undervalue their content. Direct TV accused Disney of pursuing maximum profits at the expense of consumers

Starting point is 00:45:34 and claimed Disney demanded the waiver of future legal claims in exchange for an extension. The second consecutive year, SPN has gone off the air due to major carrier dispute. Similar issue with Spectrum happened last year. They had it resolved before the NFL season started. So, I mean, you had these disputes. where you come down to the end of the contract's all, you know, trying to get signed. Both parties want.

Starting point is 00:45:59 You got the lawyers just standing holding firm, like saying, screw all these, screw everyone that wants to watch these games. Yep. We're, deals not done, boys. No.

Starting point is 00:46:09 Like, God, bro. Talk about pride and ego and money. Money. Business of football and sports. It, and it's hard to know who's the right and wrong here. They're both like, lobbying.

Starting point is 00:46:24 They couldn't figure this out prior to 10 minutes before kickoff. Well, that's the thing. Here's what happens. It's just kind of like the equivalent, you know, when the government shutdown's coming, it gets down to the last. Yeah. None of them want the repercussions of the people that have to experience and what they end up, like, you know, coming after their heads.

Starting point is 00:46:43 Like, you can't do this. The government can't be shut down. Then all these departments don't work. If banks aren't running or things aren't transacting. The same thing here, they get down to it to where it actually. actually takes it off the air and then both sides get inundated all their customer service, all their people, like, why is this off? You know, like, off with their heads.

Starting point is 00:47:04 I'm canceling everything. Wait, wait, wait, okay, we're going to get the deal. They're on the phone with the lawyer going, all right, we'll concede there. We won't concede here. All right, well, we've got to do to make this happen. I mean, you can see it by happening in closed doors. And it's like, can we not just make, you know, but nobody wanted to give an inch until that moment, until their customer service departments were so overloaded that they fear what they

Starting point is 00:47:28 thought they were preventing or the profit that they thought they were gaining ends up going out the other end of the door exactly exactly i mean they're going to lose lose either way they should just signed it yeah so there you have it that's your business news of the week my friends stay safe out there and get some football on It's a good, at least for me, a good, like, release from, like, work and all the bullshit. You kind of just melt into the game a little bit and the couch. I like melting into the couch, watching a little football. Any final thoughts, Chris?

Starting point is 00:48:11 Everybody have a great weekend. September's here. We're going fast. Yes, yes. Brianna? Don't believe everything you see on. TikTok. Yes.

Starting point is 00:48:23 Or the news. Or do it. Yeah. Don't believe it all. Or you could believe it, but just believe that it might not be legal. It might get you in trouble. Maybe Google that before you try. Don't commit any check fraud this week, guys.

Starting point is 00:48:37 Yeah. No rob talk. It is illegal. Yeah. Fraud talk. Whatever it is. The glitch is also a felony, okay? So don't do that.

Starting point is 00:48:47 Yes. Go give her some love over there on YouTube. Subscribe. check out the videos, all the shorts, the highlight reels. We've got all long form, and short firm content over there. And always at Ryanisright.com.

Starting point is 00:49:00 Tell us someone, tell somebody you love about the show. Tell them to subscribe. We appreciate you. Thanks to all our sponsors. We'll see you next time. I'm right about now. This has been right about now with Ryan Alford,

Starting point is 00:49:13 a Radcast Network production. Visit Ryaniswright.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.

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