Right About Now with Ryan Alford - $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.TAKEAWAYSDiscussion 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. 

This is Right About Now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over 6 years and over 400 episodes. You ready to start snapping necks and cashing 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, 2024. 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 as we enter November, there's all kinds 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 say it. I don't really 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.

Hopping from one to the next and having my tasty kombucha here this morning. Sawyer said, no way I'm drinking kombucha. Mmm. Tasty. It's tasty. Brianna, what's up? I am doing great. I just read what the other November challenge is, 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? I was 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 N's. That was a quick no. Yeah. Triple N's. Is that right? Am I doing my? no. Yeah. Triple N's. Is that right? Am I doing my? Yes. Yeah.

Okay. Yes. And an N. Yeah. We're doing about the same thing. So we're going to be like the anti-triple N here right about now. When everybody else goes left, we go right. We don't recommend the NNN challenge.

Yeah. No. It's not a good election year. Oh. Here we are. End of November. Got two months left. 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 a thing but she likes to get it done

I can't fault her 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 is 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 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 it or whatever. Flat on the back. Yeah, flat on the back. It could be flush. He was like.

And you make those for the corners too. That's awesome. 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 it when I was a kid because he's had this for like 30 years. 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 and 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 yeah you roll it out baby we are uh 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 we can do that. Griswold style. Yeah, because we, in California, we have the Tahoe National Forest. So it's like 10 bucks, get a permit online, and you go out and you cut down a tree. Look at us, jumping 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 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 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. Look, it's been a long election year. Look, long season. 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. And 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 is 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 energy drink exponent on instagram drinking drink exponent.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 their rebrand in 2009 and what we heard was that um 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.

It's the old logo change for an iconic brand. I can see them in the boardroom. All right, sales are slumping a little bit. I was thinking about 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. That was the tagline back in the day. And the previous logo was kind of like that Batman, like shattered, bam. Yeah. 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 like jumping at me of Irish Spring. Yeah. I knew it. I was going to say it feels familiar. Yeah. I don't know why that'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 and do the do in Ireland with our soap. Hey, that's pretty good. Irish accent from Chris. I think Irish. I didn't know 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 rebranded. Man, I guess soap sales are slumming it too. 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 Dew is one of them. You drink like three diet Mountain Dews? Pretty good.

I drink a Mountain Dew, and 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 is like. That's like a little number five. Yeah.

I'm good. 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 is there a more sort of uh artificial flavor yeah i'm like did they switch to cane sugar and not corn syrup with the rebrand because i'm thinking people are cutting down because of health reasons not the branding yeah yeah the mountain's not full of 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 is hurting a

little bit with the fight against sugar and everything i think that's why coke zero coke cola's i mean they're spending bukus on Zero everywhere. If you see, I can't remember actually the last time I saw a Coke original commercial versus a 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 and I only drink diet because I'm trying to be healthier. And I'm like, all right, I wouldn't have switched to diet. Bro, drink some water.

That too, yeah. Yeah. I just can't put that sentence together. I'm trying to be healthier, so I switched to diet soda. Like maybe switch to iced tea. Baby steps. 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 LaCroix 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. LMNT 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. I have to try it. I replaced my soda with soda. The Coke Zero, I posted that.

We talked about it a couple weeks ago, Cherry Coke Zero. You replaced your soda with an energy drink. Yeah, that's true. That's true. Or kombucha. My thing is this. I would rather. This is real's true. Or kombucha. My thing is this. I would rather... This is real, Ryan.

Just tell everyone it's a Bud Light. Having a Bud Light around your head. 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 the chemicals in it 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. Like they both have the chemicals that are nasty, but at least one doesn't have 180 calories and four tablespoons or a pile of sugar this high or something. Yeah. There's no other reason to drink Exponent. They got zero. No adaptogens.

They have adaptogens, but no bad stuff. I'm staring at the can. They're getting bonus. I love these guys. They're getting bonus because it fits in. Plant 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, 2 to 4 p.m., cranking stuff out. I'm just getting this perfect to not bother Sawyer. Yes. I got the thumbs up. 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, I agree. So, enough exponent. We love them. You know it. Go check them out. But, here's the deal. Brands do this shit all the time and they think, alright, the logo change. And it gives it 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. 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 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. You can't even get them anymore. I mean, people will collect anything.

That's what I was going to say. Unless you have some collectors or something. Yeah, and then it's like you're going to have that bag of crackers that go stale. That tastes just like a regular fish. 30 years ago when these came out. Then it's going to be on that show where they eat

stuff on YouTube. They eat stuff that's like 50 years old or something. They open it up to see if it's any good. My kids watch that. I watch it. It's pretty fascinating. They got like one of those cake. You remember those old cake makers that you make little bake cakes?

Like little debbies? 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 Bake.

I'm sure you did. I did. A little baker. My very first job was being a baker's apprentice when I was 16. Did you wake and bake? As a child. I played the fifth. That was quick.

Chilean sea bass crackers. Look, this is another good PR play. I like it. I like it. From a 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 sea bass i was trying to get the play off like the name and i don't think there is one it's just it sounds

very fancy next they're gonna have like uh escargot escargot crackers yeah i love that it's just like cheddar flavor like the same one same one you've always gotten labeled chilean 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 uh basketball oh sure you didn't even 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 Flagg. 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 Odell 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. With the new NIL deals, these players can get paid for their name, image, and likeness and not be...

It 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 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 profit on your own name and image i mean that's pretty much what influencer marketing is.

But at the same time, there's this slippery slope where you've got different players on the team getting paid different amounts, 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 like in college football, might get a bigger deal, just like they do in the pros, depending on 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. Because I can tell you this.

Before they make it out of college? 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 NashAlford.com, HudsonAlford.com, at HudsonAlford on Instagram, on TikTok. 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 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 haven't thought about that. For yourself, too. I didn't do that in college.

I had to build 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 Hansen, and he's not on Dateline. You do have that. I'm the new one. Yeah, he's the newest

one. He's not chasing the predators. I do ask that probably twice a month. Someone's like, oh, Chris Hansen, Dateline NBC. Yeah a month. Someone's like, oh, Chris Hansen, J-Line NBC. Yeah, bro, it's my uncle. Yeah, but Cooper Flagg, 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. He's kind of like one of those six eight kids that's shoots runs and does it all jumps well does all well dribbles well like not just like a big guy and not just a guard so that's why he's likely a first round draft pick and it 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, 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. 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 approachable to brands, being willing to do content and do things like being open to this stuff. Cause it's not natural. I mean, you think about even doing podcasts and people, it takes getting in front of the camera and doing those kinds of things. The faster that

you can get comfortable with that, the bigger your deals will be. Cause there's guys that get bigger deals that might have a little less following. They've got a huge personality. They have a true following and not just sort of a, oh, I'm following him because he's 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 just going to be out there so much.

They're tying to it early. Because he ends up first-round draft pick, 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 wait until they become a pro. Because I think that's kind of what's happened in the past. 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 is, and I agree with you, by the way. And the scholarship isn't in comparison to million-dollar deals, 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 was to get the education. But now it's becoming pretty much pro sports and pre-pro sports colleges.

We don't have to hide about it anymore. It 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 Robinhood, 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 thought they'd had this stuff out there. They'd had the... I think Polymarket,

you could do it in Vegas, but Robinhood's rolling out on the app now, I guess. Nice. So 60... So it's essentially 63% chance Trump wins, 38%... Man, am I reading that data right? 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'll i kind of want to take kamala for 38 cents, even though I've been very vocal about who I want to win, who I voted for, but it seems like it could be good money. Good 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 gamble with your heart. You gamble with your head. That's what happens with 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 love that team. They're definitely going to win by that much. You're just totally going all heart, 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, you know, if you're based on social media,

it's like, like well is the algorithm just showing me certain things 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 that. But again, I don't really know what to believe. There's just so much. If you go to a media outlet that's pro Kamala and it will make you think that she's absolutely winning.

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. When I get past the election stuff, some of their other articles are pretty interesting.

But, God, they would have you believe that Trump's lost his mind, not going to win, and everybody's bailing. 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 in an hour maximum length yeah so he said they're not going to do it i mean yeah, yeah, it's a podcast, but dude, 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 the economy and inflation and all that stuff. That would bury her. Like Kristi Noem or Tulsi Gabbard, their female would make it really interesting if there was another 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 who are never going to vote Republican. But I still think it might be a landslide, but God, it would be an earthquake landslide if his name wasn't Trump.

So this is super interesting in regards to this bet. It says more than $100 million has been legally wagered on the presidential race days out from election day. Betters will bet on anything, man. My buddies that gamble, they will gamble on anything. They probably saw this this morning and immediately jumped on Robinhood and placed bets. I'm not going to lie. I was tempted.

But Robinhood doesn't have a great reputation after the whole GameStop, when they shut down trading and all that. So you could win your bet, but you might not get your money out with Robinhood'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. presidential elections between 1884 and 1940, the betting market has correctly called the race in 11 of the 15. I like those ops.

Yeah. It's just, what is the betting market? Is it Robin Hood? Well, this is the betting market. 1840. Yeah, so there's Kalshi. It's in the saloon. There's a Yeah. There's a couple of them.

Robin Hood and Kalshi 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 now it's coming full circle as JPMorgan 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 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 thousand views and it was all about this and we either fueled more of it or got people to stop i I'm not sure which one. But go figure. You're going to get sued if you steal. Oh, man. Writing 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 scam. That caught my eye, too. Well, it didn't take much to open a business. Businesses in Florida that participated in the scam. That caught my eye, too. Yeah. Well, it didn't take much to open a business. I mean, you know, like. Yeah, they probably formed an LLC and just wrote blank checks just to. Yeah, just to get some scam money out of it.

I would imagine these people probably will no longer be able to bank with Chase. Yeah, well, they'll probably be in prison. This one person says, Chase alleges that a man deposited a $335,000 counterfeit check, resulting in a $290,000 debt after multiple withdrawals. So how is he going to pay that back? He's going to need a lawyer.

Yeah. I just can't believe that. I get it, because I think I've seen this with my bank. You know, once you bank with them for a while, He's going to need a lawyer. Yeah. I just can't believe that. I get it because I think I've seen this with my bank. You know, once you bank with them for a while, they'll credit you before the check. So I get it. And 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 the article, two $140,000 checks.

It's like, that's... Isn't that Chase's fault at that point? Like, dude, your guy's software allows that? Yeah. Yeah, bank error in your favor. Not really, but still. Chase is suing to get the funds returned. Yes.

Wild. Wild. Wild. Also, how'd you get that much money out of the ATM? I thought the ATM had like a limit. It does. Well, they're probably walking in, getting the teller to give them some. Then rush the ATM. 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. 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 ByteDance and he has now become China's wealthiest person

with a net worth of $49.3 billion. Is that Yang or Zhang? Zhang? 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 Yiming?

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 ByteDance. Co-founder of ByteDance. Excuse me. Go figure. $49.3 billion with a nearly 50% increase year over year. He's doing some good investing there.

Doubling up. Doubling up in a year, essentially. 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? How much of that does he have to give the government a year? I just want to know. Could they take his funds at any moment? I mean, that's kind of a hard question. 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 money, I'd be offshoring that. I was in China and I had that kind 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, 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 i you know we've been hiring a few positions and i feel like the candidates have been better i mean that's 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 as 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's 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 4th. Number one, they don't take office until next year. And so it's all sort of become speculation.

Emotional. Emotional speculation. I could see Bitcoin, if Trump gets elected, going up. Oh, yeah. And then kind of going back down. Yeah. So. The stock market probably as well.

Get a good pump and then it'll kind of chill out. 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 voting for Trump. 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 everyone's sort of sentiment is. It's 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 sentiments 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 re-elected 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. Eight more. Oh, geez. Just one more decade, you guys.

We'll be all right. 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 yeah 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 brianna go vote go vote get out and vote Yes. Brianna. Go vote. Go vote. Get out and vote, folks. It's your right as American. Do it. Proud to be an American more than anything. Go to RyanIsRight.com. Find the highlight clips, links to all the clips, links to our sponsors.

That's what makes this happen. Hey, that's what happens. We got these sponsors. They help us put the content together. Support us. We support you. It all goes hand in hand. Hey, don't forget we're all Americans.

Take care of one another no matter what you do. See you next time on Right About Now. This has been Right About Now with Ryan Alford, a Radcast Network production. Visit RyanIsRight.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.