The Ben and Emil Show - BAES 52: HUNTER BIDEN GAMESTOP YOLO AT WWDC??

Episode Date: June 13, 2024

This week's episode is absolutely STUFFED to the BRIM. Here's what we've got for you: 🚬 - the FDA ban on Juul has officially been reversed and Ben rejoices 📱- Apple's WWDC conference is in full swing and we've got all the most significant announcements 🚨 - the latest updates on the Gamestop story (it's getting wild) 🤪 - Hunter Biden got convicted 📈 - Nvidia's stock split, the rockstar status of Jensen Huang, and a new stock exchange in Texas Leave a comment to be featured as the comment of the week next week! And also, like this video! Thank you! Head to https://benandemilshow.com for this week's bonus episode and to support the show! :) __ MANDO: Our sponsors this week include MANDO! Control body odor ANYWHERE with @shop.mando and get $5 off your Starter park (that's over 40% off) with promo code BAES at https://shopmando.com ! HELLOFRESH: Go to https://hellofresh.com/baesapps for *FREE APPETIZERS FOR LIFE* - One appetizer item per box while subscription is active. That's free appetizers for LIFE! MOOMOO: Click this link https://j.moomoo.com/00MbzJ to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 5.1% APY on uninvested cash + an additional 3% APY Coupon for 3 months for new users!! Terms & Conditions Apply. 5.1% APY as of 11/3/23 and subject to change. More info at https://www.moomoo.com/us/support/topic4_410 __ Watch the latest Ben & Emil On HERE: https://youtu.be/_VOVxt3ZtIE Last week's episode HERE: https://youtu.be/fdYcxyFgCps Watch the Taco Bell Taste Test here: https://youtu.be/5wsoc5pieuA This episode (and every episode) was masterfully edited by Dillon Moore. Check him out at https://www.dillonmoore.co and @ dillonmoore on IG Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa and @ dillonmoore Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome back. Did you ever watch that show? Welcome back, Mr. Cotter? I'm not even really sure what it is. It was a show on the 70s and it would come up. On the 70s? What did I say? I said on the 70s.

It's a show from the 70s. It takes place in the 70s. That's one. John Travolta, I believe it was one of his first roles. He played a, he played a, he would say, hey, Mr. Mr. Beaver, Mr. Cleaver. No, that's Beaver Cleaver. He would, whatever the guy, Mr. Cotter, Mr. Cotter.

Beaver. Hey, Mr. Beaver. And he was just a high school. It was, yeah, but I would always, it was like the first. Was it on TV land or something? It was. I used to watch Leave it to Beaver. It was the first, I think it was the, when Nickelodeon would then shift into Nick at night.

Oh, sure. It was the first thing, and I just would go, I'm a kid. I don't want to watch this. This looks old. This looks like crap to me, so I just didn't do it. Anyway, welcome back. This is officially the one year right now. Oh, good.

Feels like it. We better pick it up. 52, yeah. We're going to, we've got a little less welcome back Mr. Carter. Yeah, we've got a damn packed episode for you today. We're talking about WWDC. No, it's not a wrestling event. It's the Apple worldwide developer conference where they tell all the nerds, all the, all

this new stuff that they should be excited about we're talking about spoiler alert it's a i yeah it's a lot of a i some cool stuff so we'll be highlighting that and the market really is happy about it today of course it's it's if you're integrating i i mean let it rip they're definitely on um civil rights movement mode in that they're integrating hit the intro right there with Benin' Me, tell me what's going on, tell me what's going on. So, listen to you're not to Benin' Me, tell me what's going on, tell me what's going on. All right. Get your thumb off the mouthpiece of the joe.

I'm just watching. Also, we're also talking about GameStop, we got Hunter Biden. Yeah, the thrilling conclusion of, GameStop, we think. Yeah, we think. And, uh, okay, so, Hunter Biden, um, Hunter Biden, um, Hunter Biden aping fat bags of crack. Yeah. And, uh, but we, we promise, we, we've got the comment of the week. And this was on the Ben and Emile, uh, show.com app.

This was from Chris D.C. 498 who said, Trader Joe's isn't a real grocery store. It's a snack store. The produce is awful and goes bad quickly. And about 80% of the store is dedicated to frozen food or weird snacks. It's a store to convince millennials they can actually cook, but in reality, they just put frozen butter chicken in the oven. You like that? I love it. Wait, wait, wait, you're saying that?

I'm on, every time I get produce from there, it's pretty good, actually. Their bananas are good. But it all goes bad very quickly. That's not, I've, look at the stickers. It's like, if you go to Lasins or if you go to Trader Joe's, it's like the same fucking produce. It's. think people know what Lasson's is. I don't think they're a nationwide chain. It's a, for those of

you don't know. It's like a nice, but it's owned by like Mormons or something? Oh my God. You didn't know that? Yes, I did. Okay. I thought you were going to say. They're closed on Sundays. Every time I go, oh, Jesus, a grocery store closed on Sundays. What kind of fucking business model? What is this? Chicken fillet? Uh, number eight, and I already responded to this guy. It obviously pissed me off. Why would you? So what did you say? Someone commented like, the only way to get a meal to respond is to the talk shit on Trader Joe's. What did you say back? Well, I was like, 80% is crazy.

It's not 80% frozen food. This man just clapped in my face because it was, there's, at the one in Silver Lake here, there's like one little side of an aisle that has the frozen stuff in there. I don't, I don't eat frozen food. I go there for, like, produce and, and, like, essentials, like, yogurt. Two big aisles. Are there two big aisles? Yeah.

At Trader Joe's? Yeah, right here. I only know the one. The whole middle. Well, because you don't even go because you don't eat frozen food. Right. So, okay, but they have such good.

The egg prices are so good. Egg prices are so good. If you want... It can't beat it. If you want, like, brown, organic, whatever... You want brown, organic, whatever. Go to another grocery store. You're going to pay fucking double the price.

Yeah. The yogurt is literally half the price. If you want Greek yogurt, it's going to be double the price. They do have really killer jerks style. The bean prices are... I'm not even joking. If you want organic beans,

I'm not, fact check me, I'm telling you three or four times the price. I'll tell you what. You'll get them for like a buck 29. If you go to a regular grocery store, I've seen organic beans for like $3.99 a can. This is turning me into the Trader Joe's episode.

But we, the cheese? Jesus God. The cheese selection is really good. The cheese selection is really good. The cheese selection is great, and the cheese is good. Okay, I agree with you there. I love their jerk-style plantain chips.

I love their tuna salad. You mix those two? Oh, baby. And every time I'm at the checkout, you know I tell the... That hell did you say? Their jerk-style plantain chips. And the regular plantain chips. The regular plantain chips are good.

And then they sometimes have good peaches and stone fruits during stone-fruits season. So now you're turning way around on the produce thing. I'm turning... Also, good produce just... But that's a good... character trait. Don't you think I can change my opinion. I get presented with facts. I'm a good argument. And I'm like, you know what? Yeah, you're right. Trader Joe's is okay. And the, everybody's always saying that the cashiers flirt with you. I don't know. They're nice.

They're nice. They don't flirt with me. I flirt with them. You got to try this tuna salad in the thing. It's so good. Cheap packages of spin drift. I don't know what else. All right. All right. We're spending way too much time on this. The hot sauce is good. The hot sauce is good. Okay. Okay. Okay. Trader does is good, but that comment was good. Also, we've got a second comment. By the way, go to YouTube. We posted a brand new Ben and Emile on. It's great. And this guy, nappy, Pappy for life. Wow, I didn't even read the... Oh, that's my friend. Wait, really? No, it's not. This person said, Ben strikes me as a guy that was like three bad days away, three bad days and 10 hours of 4chan away from being one of the worst people imaginable. But now he's just really interesting and cool. Thank you, nappy peppy. You identify with that. I don't identify.

I just think that it's a funny, it's a funny interpretation. It's a funny perspective. I definitely don't think that that's who I would be. But also, okay, so before we- You don't think if you had three bad days and 10 hours of fortune? That I'd turn into one of the worst people imaginable? Dude, you're getting beardy as hell.

Thank you. Is that good? You guys decide. Hey, okay, so one more thing. thing up top before we get into it. The Chase Sapphire offer that we talked about weeks ago, for the elevated sign-up bonus, for all you credit card, little freaks and geeks out there, it ends on June 13th. So if you're trying to get your summer travel and go get those 75,000 points. Oh, wait, crap. Is that the day that this comes out? That might be pointless

then. Sorry. Well, either way, there's still a good bonus on it if it goes away. All right, let's get right into it. Let's get right into it. For the audio listener, I'm about to rip that thing, that jewel. The biggest dork in the world. For the audio, listener, I'm about to rip an e-cigarette. Ugh. You know why? We're celebrating, baby.

It's, uh, yeah. So the jewel band. The jewel band. The jewel band has been reversed. Not that, so it's, It's a little misleading, right? Because the FDA reversed their 2022 ban on Thursday of last week as they're reviewing new company data and case law from recent lawsuits with other vape companies. But so in 2020, the FDA had ordered Jewel and their competitors like, what's the other big one?

Views? I don't even know. Views is one. But the whole thing was so confusing to me because they got banned and then literally. like a week later. Jule basically, so the FDA banned it, quote, in scare quotes. Why do they call that that? This is scary?

That's scary. Scarecrow? I don't know. So they banned Jule and their competitors to submit scientific, they were trying to compel them to submit scientific research, proving that vapes are, in fact, less harmful than cigarettes. That they're good for you. It's just water vapor.

And by 2022, yeah, they had banned the vapes due to four unresolved questions about toxicology data. So, Jewel had appealed and the FDA immediately allowed them to stay in stores throughout the entire process. So it was just kind of a ban in name. But I also don't give, I'm confused about the specifically targeting Jewel. It's like. I think it's just because they were the industry leaders. So they were kind of the flagship of this whole thing. But they were getting all the flack, and then a week later it was like,

come get this pink little elf bar. It's a cheap China-made thing that tastes like candy. Oh, yeah. Yeah, those things have just been, they have like a thousand flavors. And now you walk around New York and they're just like all over the ground. Oh, yeah, they're littered everywhere. You can get like a thousand, 10,000 hits out of those things, I guess. I've tried.

Oh, boy. I remember sucking on one of those like a year and a half ago. And I was in my hotel bed when we were there for our first show. and I was just hitting it right before bed, just like, well, one more to and then go to bed, wake up, hit that thing, and then I just threw it away because I realized it was dangerous. Yeah. Have you seen the ones where you can play literally video games on them and put like memes on them? Yes. And they're disposable. My friend, John, John has one. John has one. You ever do you ever do two

flavors at once? No. Oh. I remember there was a word for that when you did that with Coke and other drinks. Pepsi. Yeah, but at like Taco Bell, you've mixed the drinks. Oh, there's a word for, you can e-spliff, a little, a jewel and a, yeah, it's a nicotine and a weed pen. That sounds awful. Cigarette and a jewel. Yeah.

Ooh, that sounds fun. A little bit of the future mixed in with the past. But, so it really screwed Altria, who's the company that invested famously in 2018. They invested $12.8 billion in jewel for 35% of the company. and less than a year after the ban took place in 2022 that $12.8 billion stake is now worth $250 million.

That's not good. Major write down. And you know who stepped up and took a huge market share? Was it Philip Morris? With? What product? I don't know.

Take a wild guess. What product? Just tell me. Zinn. Christ. Yeah, man. Fucking, like. So Zinn, Zin,

Zinn, yeah, it's made by Philip Morris and it's sword I mean, they've just, their stocks at like all-time highs and they're flying off the shelves, you can't even get them in some places, yeah. There's a shortage. And they, the smokeless

products, including and especially Zinn, accounted for 40% of Philip Morris's revenue last year. It's huge. That is huge. I tried an alternative because the place where I go, yeah, I'm still putting them things in my mouth. You're like, oh, I quit smoking.

They're, for all, they're pretty... They're healthy for you. They're like harmless. I wouldn't... There was a full-on dentist on TikTok. He was a full-on dentist? He's a full-b... And I asked my dentist.

I said, are these things bad? And he's like, you know, all I know is that they, if you start getting like soreness in your gums or something, then you should stop. But I don't think that they're... But I tried this alternative one called Truly. not the same maker as the alcohol and it immediately made my mouth hurt and sore

so I spit it out and I threw away the little tin. Stupid. Don't listen to Ben. Stupid. They're probably bad for you. Don't listen to me. Don't listen to me. Man, I got to tell you,

I think you smell really good right now. I think it's you. Hey, thanks, man. I've been using a new little trick I got. What's the new trick? You heard Amanda? Yeah, I heard Amanda. I've been using it too, pal.

Oh, I thought you smelled pretty good. Oh, I thank you. Hey, fellas out there, you ever lift a little too hard at the gym or you forget to apply your daily deodorant? You ever sneak in a game of tennis before you're recording? This guy's guilty. And then you get hit by a truckload, a B.O., some gross onion, stinky winky from all directions.

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Because that's the thing. You never really, when everybody's talking about men smelling and stuff, you usually just think of the pit, but it really is a whole body situation. It's all over the place. You know, so it's safe to use anywhere on your body. Like we said, the package, you know, on your taint and your balls, your belly butt and your butt crack, your stinky crevices everywhere. between, and it was created by a doctor who saw first-hand how normal B.O. was being misdiagnosed and mistreated. Mando is aluminum-free, baking soda-free, cruelty-free, die-free, and it's vegan and clinically proven to control odor better than a shower with soap alone.

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pack with our exclusive code that equates to over 40% off your starter pack use code bays at shopmando dot com s h-o-m-m-a-n-d-o dot com and that's code bays it's time to smell better naked your partner will thank you bays at shopmando dot com all right let's get into it what would what would desus christ w w i know it always makes you want to do it doesn't it it always makes me think of wrestling or WJD. Did kids in your high school wear the WWJGG braces? Yeah. And I remember being like, don't do that.

I just remember feeling excluded. You can either Lance Armstrong or you can do a girly friendship bracelet. The, uh, all the cool. You guys had Livestrong bracelets. We had Livestrong bracelets. I never wore one. Um, because I just was like, I don't want to be, I just, everybody was doing the thing and I didn't want to do the thing. I don't want to do the thing.

I don't want to wear live strong braces Because I don't believe in Jesus I knew I could tell there was something up With his Tour de France runs anyway And I was like, no, we're gonna You followed cycling that close? At that age, yeah. Didn't he lose his testicle by then?

Because I think that it's totally okay To dope up a little bit if you're lacking a little bit of a what? They should write that into the rules. Anyone who loses a ball You can dope a little bit. Drug as much as you want. Yeah. But anywho, WWDC is the worldwide developer conference that Apple does every year

where they announce new software updates, sometimes hardware stuff. You get to watch developers be goofy assholes. They all stand with like their legs so far apart. It's getting called like the Apple stance. It's really funny. But so let's get into some of these announcements they made. The biggest one is that they're partnering with OpenAI and they're, making. What does the A and AI stand for? Art official. No. Apple. Apple. They're calling it

Apple intelligence. Well, that's one. That's original. That's true. But Siri is going to be powered by GPT4. Yeah, but it's all part of this like Apple intelligence. Right. They're integrating they're integrating chat GPT and open AI systems. And there are. So let's cover first the, just some of the series stuff. Only the iPhone 15 Pro and Pro Max and iPad. and Max with M1 or newer chips will run it. You can type to it now, which is nice. Yeah, you can flip up your little keyboard and be like, Hey, Siri, hey Siri, hey Siri, what's the weather like in Cooper Tino?

Oh, yeah, I forgot. That's always the default city. It remembers what you've just been talking about, which is huge. It's probably obviously not going to be like, I searched Google and this is what I found, where then you have to look at your phone and see what it is. Right, you can use a much more natural cadence. Yeah.

You can be like, actually scratch that. that. I meant Paris, not Cupertino. You can fuck up. You can, so like lately, actually, with my mouth guard. Also, this is all their demos. I'm very curious to, uh, see how this all go. I mean, Google was like, we're integrating AI into our search. It's going to be way better for you. And then it's like, put glue on your pizza. Yeah. So, I mean, I'm super excited to see them roll this fucking thing out and be like, I asked Siri to tell me the weather. And it called me a bitch. Yeah. I, it, I'm looking forward to it being able to understand when you like mumble your words because I was just saying

when I wear my night guard sometimes lately I've been like Siri set a timer and it's like it's hard to talk with that damn thing. Is it powered by GPT4? Is that just something it can do? It is powered by GPT4. Completely. It is a partnership with open AI. Sam Altman tweeted like we're excited to be working with Apple. But he mentioned that Siri does Siri things and then it can also ask chat GPT. Oh, good question. I don't know. All I saw was was that it will be powered by GPT4. Maybe that just means, yeah, when you... I don't think Apple has its own AI program.

Anyway, so they're integrating Open AI. And they said they're not just closing themselves out to that. They'll probably use things like Google Gemini and all that stuff. No, I think Apple Intelligence is their AI thing using their M chips, but then it can also talk to. Yeah, but Apple Intelligence, I think, is the fact that it's integrating your own your own data into, so it's like the way when humane AI came out, everyone was like, well, this sucks because it doesn't really, it doesn't really know anything about me.

It's not integrated with my phone, so it doesn't, but Apple has all of your information. So now it's going to be able to like, Siri and everything is going to know. It's going to read your text. Yeah, what kind of things you like. It's going to be able to summarize things for you. It's going to be able to order things in what it thinks is important. important to you, it's going to be like, oh, he, you know, he never pays attention to these notifications, but I should put these at the top. So it's no longer chronological. It's going

to be, oh, Dylan likes reading text. It runs locally. So it's not, you know, connecting to a network, because that sounds terrifying. I think it does, I think it does access the cloud, but their whole thing is this like super secure. Right, right. And so on that note, you can ask it, one of the features is one of the examples they use is like, hey, Siri, I don't want to trigger it, but hey, hey, Siri, like, what time is my mom's flight get in? And it'll have read your texts and will show you. And you could say, oh, and where are we going for dinner? And it, having read your text message with your mom, will be able to tell you. So they have created this kind of more in-tune AI assistant where it can look through your entire life because your entire life is on your phone,

which is kind of, I don't know. I mean, I like it. I don't like that there's some AI system, whatever it is, being able to read and analyze my text messages. There's something unsettling about that? Text messages and, I mean, I don't know about you guys, but like, do you guys use Notes app as like? No.

Yeah. Oh. It's like just little notes and there's so much personal stuff on your phone. Yeah. And it's, I don't know. I don't want an. AI to like synthesize this stuff and be able to regurgitate it back to me. I like that the phone is just kind of kind of a it's almost a storage unit for me rather than um yeah I don't want the thing

interacting with my data in that way. Well Elon Musk immediately said on Twitter that he's going to ban Apple devices at every single one of his companies if Apple integrates open AI at the OS at the operating system level. But some of the other, just some of the other cool stuff, I think. Apple TV is going to have this. Also, but just to, before we get off the AI stuff, it also is, it's got all the classic open AI stuff

where it's not completely personalized to you, but it will rewrite emails. To sound more friendly. You can send it in different tones. It'll, you can ask it to summarize things for you. It's going to be, you know, all of the classic stuff. There's Gen Moji where you just describe, what you want it to be

like an environment a descriptor or something else and it'll generate it which when they were doing the demo I couldn't help but think who's going to use this? I can tell you it's going to be

immediately it's going to be conservatives trying to trick it and expose how it's woke like show me a Nazi yeah but in natural I mean people don't even use emojis that much anymore and it's just the they have a

video of a woman inviting people to her you know rooftop wine party yeah and she's like trying to curate a vibe on gen moji and i'm like no one just no one's yeah i mean there's so many features that i could probably really benefit from but i i am stuck in whatever year i i just i don't use i don't go crazy with any kind of shit on my thing one thing that i really like though is apple tv is going to have this thing called Insight where you can see the actor's names and if there's a song, you can see the song title as they appear. Amazon has had that forever. Amazon has had it, which is funny because I had that idea

in like 2014 or something. I mean, when I first paused it and saw it on Amazon, I was like, this is such a good idea. It's so basic and easy. Pause it and be like, oh, that's what that fucking guy is. Yeah. It reminds me of the app idea that I had. I think I've talked about it on here. Did I tell you about it? Oh, you had an idea for IMDB and you got pissed. No, I still stand by today, this being a really good app. All right, we'll be the judge. Oh, man. Hey, everybody, you know, one thing I'm looking forward to after recording the podcast

because, you know, I get tired and I just got to unwind. Can I guess? What? Is it a nice, healthy meal? It is a nice, healthy meal with Hello Fresh. With Hello Fresh, with Hello Fresh, you get Farm Fresh, Pre-Portioned ingredients, and seasonal recipes delivered right to your doorstep. doorstep you skip trips to the grocery store and you can count on hello fresh to make home

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You got the, and they're including summer favorites, summer produce, all right? So you've got some limited time seasonal recipes like the taste of summer series, like Old Bay shrimp and sausage, or the grilled steak lettuce wraps. I just, it makes me feel like I know what I'm doing. And it makes me feel like a more capable, independent person. When I don't have to go to the groceries, I don't have to go to the groceries. I don't have to Google anything, make a list, get out of my house and do all that stuff. Well, you know what I like is that I can also have a clean conscious while I'm doing this

because did you know that on average, Hello Fresh meals have a 31% lower carbon footprint than meals of the same portion size made from supermarket ingredients? I didn't know that. Yeah. So go to Hellofresh.com slash Bayes Apps for free appetizers for life. Whoa, what? Oh my God. One appetizer item per box while subscription is active.

That's free appetizers for. life at Hellofresh.com slash B-A-E-S-A-E-S-A-P-P-S, Bayes-A-A-P-S. That's free appetizers for life at HelloFresh.com slash Bayes Apps. HelloFresh, America's number one meal kit. I pitched it actually to Cody and of Cody Co. Like in, again, like, Cody of Cody Co. Cody of Cody Co. And his good friend, Devin, who went on to. Devin of Devin. Co. No, Devin created cameo. Like a year before he invented, I had texted Devin and I think Marcus, who's also a friend of Curtis. Marcus Brownlee.

No. But I said, I got an idea for an app, and I know that they're sick of it, sick of hearing that type of shit, but I was like, I need to, I need to at least hear what you guys think so that I can take the next steps because I really like this idea. so I went over to their house when they were all living together in Venice and it's all about live tweet do you remember when people would like live tweet television

like the new the new Game of Thrones is on people are like Breaking Bad people are live tweeting I found it really annoying how you could That was really annoying you could only not only that because it's flooding your Twitter but it would it would be annoying

if you were just a day late you're getting spoilers or when it's actually your time to watch you would love to see what other people are saying about it as you're watching so it was essentially a kind of Twitter just for television and movies I pitched it as kind of like director's commentary you do it with sports too I was getting I basically had to stay off the apps because I was watching the French Open but it happens in France and the time difference the games happen in the middle night so sure yeah but it was basically if I went online I'd see who won matches yeah I ended up

finding a guy who had created literally exactly my app and it was just him founding it his name is bubba and um but the thing is no one's gonna everyone just likes talking shit so no one's gonna be like oh if i want to talk shit i'll go to a separate app that was the thing so but his thing was genius it um is it because i never even heard it used well because it it went under he won like a con he got like a million dollars in funding and he was farming out all of the uh engineering to some guy in Croatia or something. But I contacted him and I said, dude, I had this. Wow, it sounds like a genius. We worked together for the better part of a year until he ran out of funding. But it used, you would just put on whatever TV show and it would use Shazam to,

like actual Shazam to narrow, it would immediately find which episode and it would plop you right into the timeline. If it was in the middle of the show, it would pop you right into the timeline. And then you would see the feed of your friends and followers, or, who you're following their reactions to whatever you were watching and it was a really fun and pleasant experience but then it um it uh i wouldn't want to watch something like that yeah it's it's for the people who really um it's like intense fandoms anyway who gives a flying shit god who back to fucking apple i also do think it's like a sign i don't know all this ai stuff feels very uh like everyone's out of ideas and there was there was some stuff with the i

phone where I was like, yeah, that's going to be, you know, did you see the tap to pay each other thing? Tap to pay the new, the iPhone mirroring where you can control your phone from your Mac, that's going to be really cool. I think that kind of stuff is just so much more interesting to people rather than being like, I don't know, you can ask Siri where dinner is tonight. Yeah. I do like, so a couple, just a couple of cool things.

It can summarize, it's taking existing ideas that apparently there's a lot of startups out there for and they're just murdering these startups. Yeah, I kept seeing like threads. being saying list of startups apple just killed yeah like there's one new feature is it can summarize phone calls and like send you a summary of whatever phone call you just had apps are no longer locked to the grid so you can like freely arrange your apps yeah which again feels you can lock like that should have been possible sure a long time ago well their whole ethos has been don't give users control over design elements.

Yeah, because they're, yeah, people are stupid and they don't know how to. Yeah. One of the new features is you can lock an app before handing over your phone. So like if I hand you my phone and I don't want you digging into my Twitter or Instagram or something. Or you're a child or something. I'll smash your phone. If I can't get into your Instagram. It makes it so that they're password protected,

which is a really smart move. But the whole, they're, they're presented, did you see the parkour thing? Yeah. And so, did you see it? Yeah, and the skydiving.

It's, it's fucking ridiculous. Someone posted a thing where it was, it was the video of him jumping all around. Yeah. And it was like, when you asked them, when you ask them where they got,

where they're getting the training data for the AI, and they're like, oh, jumping up. It's Steve, it's like one of the senior engineer guys, Steve Federigi or something, and he's going like, oh, I'll be right back. And then it cuts away. It's really funny. It cuts away to clearly a guy in a wig doing a bunch

of parkour shit. Man, they really did used to be such a cool, exciting, innovating company. And now they're just really like full on behemate. I think as of today, they're the second most valuable company in the world again. I mean, it's been Nvidia, Microsoft and Apple for a long time but speaking of big companies I hope it comes out and it's just

it just makes all our phones unusable you hope that why it'd be really nice to yeah yeah I've been working on trying to

I saw this if anyone knows it's so hard to find like actual reviews of anything anymore but I saw I think I got an Instagram ad for it

and it's either called block or brick and it's basically you get a they give you a piece of hardware it looks like a brick or a block and you can I think it's magnetized

you basically stick it on your fridge and it makes it you choose there's an app you choose apps that you don't want whenever the blocking is in effect and that piece of hardware

is left at home so when you leave the house you can't turn it on without the piece of hardware you have to like kind of put your phone up to it what if there's an emergency what if you see a Karen going buck wild

at Trader Joe is making a fool of herself and you can't film it because you brick. I think it's, why would you brick your camera? I'm just, I'm just being stupid. Okay, well, that's a great idea. I like that. I like that we're so, we lack such self-control now. There's literally a company that makes an actual piece of hardware to stop it. I know, I kind of want to try it.

I wish, I bet Hunter Biden wishes they had a brick for cracks. I feel like I'm going to buy it for 50 bucks. and it's just like not going to work and I'm going to feel like an idiot. So if anyone's used brick or block, whatever it's called, let me know. I'd love to leave the house and just have Google Maps. Google Mips?

Texts. Texts. Camera. That's kind of it. Yeah. Also, one thing about that, I will say. You will say. We should talk about it on the next meatball.

apologize to Phil, but I always make fun of people for using Apple Maps. He uses Apple Maps? But dude, I'm seeing so much, it's way better. Yeah. I only use Apple Maps. Really? You only use Apple Maps? I used to only use Apple Maps. Then I switched to Google Maps. If you look, the

detail is unbelievable. Yeah, they got trees and shit. Trees. I mean, you can zoom down and look at the street. It's got, you know, what's painted onto the actual street. It's Wow. Did not know that. It's wild. I like that they've got the lanes. I'll see that in the thing. But okay. So if I forget, sorry, Phil. You know, I was blinded by Google Maps. Hey, everybody. We got to take a quick break to talk about we've, you've heard of stuff. You know this one. You know it. You know that we're, you know, all the Glenn heads know, we're talking about moo-mo. It is my choice for investing app. And I'll tell you why. It's just guys. everything that you need. If you're a beginner, it's not scary. It's got resources that you can use

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transfer your portfolio to Moomu and earn up to $300 in cash rewards. So make sure to click the link in the description and sign up to take advantage of these awesome promos and experience a better platform. I have a surprise for you guys for this next meatball. It's going to be a really good one. Wow. And I'll give you a hint. Eight ball.

It's a hearkening back to... Like pool? No, eight ball special. Like a team team. thing of coke no the show that we the one of the iterations iterations of a show

forget it I'm not familiar but it sounds let's go to GameStop so man so man this this this guy was at a height I can't believe this is the third week in a row we're talking about

we gotta we gotta cover it no I know he's he came roaring back I have something to say I think that the guy is incredibly smart you like him you would text me being like, I like this guy. I like him. And I think it was I think he is smart. It was incredibly smart of him to leave his social media. I think he might have planned it this way from the beginning. Because by leaving his social media

completely dormant, it made people think, okay, he's gone, he's vanished into obscurity. And with that, the price of game stock just slowly dwindled down into nothing. Audio listener he's he's he's mimicking my my gestures here it's really great but he knew that when i'm just not going to do any gestures okay he knew that uh all it would take is him posting again after such a long hiatus that it would make the stock do exactly what it did so i suspect unless he's a total moron and just blew this opportunity i suspect and i mentioned it over the last couple weeks. I think that he bought a ton of GameStop stock and options. Tweeted those like back when it was $10? Yeah. Tweeted those those series of gifts from movies and stuff

knowing that it would elicit the response that it did, which is it shot from $10 to $70 because people were speculating, is he back? But he did it extra smart. He did it like piecemeal. First it was, oh, people are now going, is that really him? Because he's only posting on Twitter. He's not posting on YouTube. He's not posting on Reddit. And then when the stock came back down, I think he used the cash that he had just made to then buy a ton of the near-dated options. And then in posting on Reddit, it gave it a secondary pump because it confirmed he is back. And then last week, it happened before we were able to cover it. Yeah, which is so annoying. He did a live stream on Friday. And he got

Was Thursday or Friday? It was Friday. He got absolutely fucked, and here's why. GameStop was scheduled to report their earnings this week on Tuesday. On paper, Keith Gill was worth a billion dollars on, like, Thursday night. As of the trading after hours had reached 60 or whatever it was, 65, I don't know. and then unexpectedly unannounced game stop before the market opened on Friday released their earnings and they weren't good earnings they also they didn't sell a lot of funco pops they didn't

sell any funco pops like Dylan predicted so they screwed him over by reporting earnings early they also didn't have a conference call which is generally not a good sign usually companies report earnings and they have a conference call where they talk to analysts and stuff the answer questions. They're doing that Friday. Oh, they are? Yeah, I believe so. Oh, wow. I did not know that. Well, that's good. But then the other thing, the triple whammy was they announced that once again they're going to dump, I shouldn't say dump, but they're using the, they're using all of this heightened trading volume to sell shares and raise cash. They're selling 75 million shares. I really like, someone on Twitter made a really good point. They suggested what they should do with

this like four billion dollars now they've gotten cash by bitcoin i mean at look at micro strategy peak though look at look at mshtr micro strategy took the stock from like 150 bucks to 1600 now i'll say this what if bitcoin dips down to 20 000 uh you're gonna ape a fat bag i'm gonna become a full bitcoin max i'm dumping everything into it uh here i I just want to give someone concisely made a list of the highlight. There wasn't, so everybody was expecting something from this live stream and it was. He was just kind of like goofing off. He was just kind of goofing off.

What about the halting stuff? Did you, is that real? The halting, see, the thing about stocks halting is, I feel like in the GameStop crowd, there's a lot of, they falsely, they falsely, a tribute, a tribute, thank you, malice to just normal market rules. When a stock, I forgot the rule, I think it's when a stock shoots up 10% in whatever window of time, it's automatically halted. Any stock. Same thing to the downside. If it drops more than like 8%, it's immediately halted. Right. And that those are in, those rules are, those whatever you call those, yeah, rules are in place to prevent just chaos, to give everybody

a breather. It's usually like, I don't know, five, 10, 15 minute long halt. but the point was that he would say certain things and it would halt he'd say it's going to end now it's going to end now watch this and then this right that was very obvious i mean that's obvious that everybody was watching i mean there were like 500,000 people watching his live stream right and he was doing that correct he was doing that to show that it's not him necessarily manipulating it it's these algorithms that are fully trained on what he's going to going to be saying in the live stream. And yeah, he said, okay, let's end the live stream. Let's end it here. And since he hadn't yet said anything of substance, the algorithms probably were

like, okay, or the algorithms or the people piloting them were probably like, wow, he didn't announce anything of substance. Therefore, there's nothing left to pump right now. Therefore, it's safe to just like either dump our longs or pile in short. And it had the intended effect. It made the stock drop instantaneously, almost like a dollar. and then it halted. But otherwise, all he said was that GameStop is in a transformation stage. He thinks Ryan Cohen's... They're going full Funko Pop.

They're going full Funko Pop. Making the biggest one I ever. He's making huge Funko Popes. He has similar feelings about the company as he did back in 2021. He doesn't think three years is too long for... for since this all started he doesn't think the last three years is too long for the company to have not done anything to turn things around uh he said just pretty much nothing i mean that's it he just people were disappointed but um but the apes the apes are going full blown fuck i got to post

the apes are going to ape uh so there's this woman ania trades had a 270,000 dollar gain on GameStop, then lost it all in less than a day. She said, I entered as soon as I saw Rowing Kitty update his YouTube after three years. I decided to hold and hopefully be a part of the powerful squeeze and win big. That's the dream, right? It's, this is also crazy to me, though, because they act as if they've, they're gambling. They're like trying to yolo this shit into whatever. And then when it doesn't pan out on this huge risk, they act as if they've, they've been

you know, the universe was out to get them and they've been harmed in some personalized way. The thing that gets me is a lot of people, and we got a couple comments on the last, on the last episode when we talked about this. And I got to preface it with, I'm not hating on anybody. I'm just, I'm trying my best to prevent anybody from locking up their precious money into something that might not pan out. It's super risky. And that's not to say that you can't make money when it pops, but I would encourage people if they're, you should never put in more than you're prepared to

or able to lose first, but like there's nothing wrong with ringing the register and like taking profits off. Like on that big spike to 70, I would hope that some people sold, but just to underscore how, uh, how not desperate people are,

but just how, uh, kooky it's gotten on June 9th. But I think people are desperate. I think that's how you get to this situation where a lot of people are like so willing to throw their kids like college fund into a what? Oh, it's up right now. Oh, good. That's fun. Good, good. Isn't it? I feel like I just... It's at $28.28. It just had a spike. That's interesting. See, I just find this whole thing fascinating. But I got to show you this. I don't know if you

saw this, Emil. Roaring Kitty on June 9th posted a photo of, uh, it's a still shot. of the back of Heath Ledger from the beginning of the dark night and instead of the clown mask it's a kitty mask and people are going nuts because if you zoom in on I can't even fucking zoom in big enough

they're saying that there's a five a number five hidden on the cat mask that's also on the if you reverse image search it's on the one on wherever you buy that mask so it's just happenstance it's just like looking for

a human face how people yeah and people are going nuts they're like five is written in the kitty mask five days from now is the game stop shareholder meeting or five companies uh there and there's like hundreds if not thousands of people commenting their speculation on what it means and like it's the the when he was doing the live stream he had an image up that's like this photoshopped there's a bunch of shit in it there's like ozimandias and a cat and there's a finger pointing and there's a There's all sorts of stuff.

And this person, I'm not even going to read the whole thing, but it's like... I mean, just the way it starts, the overture. The overture. V for Vendetta. Roaring Kitty did a live stream on YouTube on June 7th. In the thumbnail, we see many nice hints. We see Game of Thrones, but also V for Vendetta. In the corner, we can see V touching a domino.

I think Rur and Kitty did a Kansas shuffle while being Cursay from Game of Thrones. He is going to go for the green wildfire. He is also V. in the movie v for vendetta we have this scene and there's this it's just fucking like but this is what I'm talking about it's the debt you know of like this is desperate it's also people have wrapped up their financial well-being and all this it's this it's how you get crazy Elon guys too when they've well to be fair invested their whole dude Elon do you remember the thing that he did where he did uh if you had caught what he tweeted you would you could have made you could have

made millions of dollars, because he did it retroactively, intentionally. He had tweeted, I think the price of Tesla is too high. And he tweeted it, whatever the date and the time was, ended up corresponding exactly to the date that they announced a split for the stock. And it was like 10-01, and it was a 10-for-one split. And he tweeted it on like, or I think he did. tweeted it on like whatever date he tweeted it on and then the time was going to be the actual it was just like oh he made a total he telegraphed exactly what they were planning on doing

which was a split that was then announced on the date that the time of that tweet it was really like oh holy shit because everybody at the time when he said i think tesla stock is too high and it was like 1500 dollars a share people are like oh shit short it and what he was probably doing was baiting shortsellers, which he famously does all the time. Right. And yeah. So I don't think that Keith Gill is on the same level as that.

I don't think. No, but I think he's baiting, he's baiting someone. I think you're, you have the same level of people with their livelihoods wrapped up in this kind of stuff. So you get, you get a similar fervor of a, um,

you know, this guy, this guy needs some of the, these things that happen so he's seeing things that aren't actually there yeah and i it's also it's entertaining i see a game of thrones poster there that must remember when surcy poisoned the the queen i don't i never watched that fucking show yeah you never watched game of thrones yeah i i wanted to get into it and then by the time the finale came out everybody was so disappointed same thing with lost i just thought well i know to avoid that show now because if it ended that spectacularly bad it actually wasn't

bad. It's a misconception that it was bad. Are you just trying to bait me into watching? I like Lost a lot. I'm not going to. Okay. Oh, the Game of Thrones ending sucked. They really fucked it up. But Lost is so worth it. It's so fun. Okay. All right. Yeah.

Well, let's get into the market, shall we? Speaking of splits, Nvidia finally did its split. Wait, are we skipping Hunter? We didn't even... Oh, we didn't get... Oh, my God. I'm so sorry. Yeah, Hunter Biden. I'm so sorry. I didn't see that. I scrolled. What's going on? So if you don't remember... A lot of conservatives were pissed

because they were like, you know, Democrats are using the courts to jam up our guy. But they're forgetting that Joe Biden's very own son is on trial for some serious gun charges. Yeah. The whole thing is he's being... The charges are...

It's illegal to lie on a federal, like, gun purchasing form. And that's basically it. when you go to buy a gun, I guess one of the questions is, are you addicted to drugs? Right. And he said no. So the whole thing is the defense's argument is that, well, he wasn't. When on that particular day, when he went to purchase a gun, he was in a window of sobriety that he was serious about. And in that moment, felt like, yeah, I'm no longer using crack.

I am sober, I am not addicted to drugs, so he wrote no. Yeah, but it's very, I don't know. Well, because then the prosecution side is, and they successfully proved it because he was convicted as of this morning, found guilty. On either side of that, before he bought the gun and after he bought the gun. Like literally the day after. Yeah, he was fucking partying. That's the thing.

He was doing crack. When I first started reading about it, it was like, you know, the defense is spinning this beautiful tale of, you know, Hunter really believed that he wasn't. And then you're like, yeah, okay. And then the prosecution's like presenting evidence where it's literally just like a text message of him like, wait for the dealer now. I smoke so much crack. I fell asleep on a car. And you're like, oh, Jesus, this doesn't look good for Hunter. And then like, they're like, we'd like to present another piece of evidence.

of him smoke, it's a video of him smoking crack when I say, you're like, oh, that's not good. Or he, like, I think he texted his ex-wife at like three in the morning and said, I need you to come pick me up or like, we need to go move the car or something like that. There's just crack-induced paranoia shit. The whole, it's, uh, it just gets worse and worse. It's like, I'm really endeared to the guy. And then they're, they're calling his, his dead brother's widow to ask her about her and Hunter's crack usage together after they start an affair and you're like, holy shit. He got his dead brother's widow addicted to crack. Which just, I mean, you want to talk about Riz. I mean, that is incredibly powerful persuasion that this guy possesses. I do want to

be clear. I think Hunter's cool. And everything about, I feel like people think this is going to hurt Joe Biden's chances. I was never going to vote for Joe Biden anyway, but every time I read about Hunter Biden, I'm like, maybe. If his, if, if he's, if Joe, if Joe Biden had a little bit of this. Yeah. God damn. I just got to read this quick blurb. Yeah, there were a lot of witnesses called former associates and lovers of Hunter. But the next witness was Zoe Keston, a former romantic partner of Biden. She testified she met him on December 17th, 2017, when she worked at a strip club in Midtown Manhattan, and he booked her and another woman for a private dance. Biden played the music by the indie folk band Fleet Foxes on his phone, and he smoked something

she assumed was crack. I felt really safe around him, she said. I feel like Hunter might have been like, the crack leveled him out. It was, you know, a lot of guys crack, it takes a lot from you. Yeah, sure, a lot of guys, crack really doesn't do you any favors. You know, he wasn't listening to like agro music. He would, he would smoke a little crack and he'd be like, he'd say, let me, let me play the latest Fleet Fox's album.

On his phone. Because I'm, uh, I'm just, I'm picturing him in, in a, in a private room, in a strip club with two strippers. And he's like, hang on. I was falling away. And usually, you know, people find it disconcerting when you pull out a, um, when you pull out a crack pipe. But, but this one was like, when, when Hunter was wielding that pipe,

I felt safe. It also helps that his father is, you know, vice president of the United States. It felt like he was playing, playing some kind of wind instrument and lulling me into a... Makes me want to try crack. It makes me want to...

Don't worry. That's not what's coming down the pike for my character arc. I'm not gonna... It makes me want to... Believe it or not. Believe it or not, I've milled out, folks. It makes me want to try,

being the son of the president of the United States of America. That would be pretty cool too. You get you get cool Ukrainian jobs that pay you like a million dollars a year. You get to rent out a Malibu house for like $50,000 a month and just go down the slide right into the pool with a bunch of prostitutes. I just have it in my notes. He'd spend days at the Chateau Marmont in Los Angeles hold up in his room using crack. I mean, he had to be the only guy using crack at the Chateau Marmont. Actually, you know, there's a lot of, my, my, the Chateau Marmont is a famous.

Crack den? I'm pretty sure that's where like John Belushi died from. From crack? No, not crack. Just drugs in general. It's a very debauched place. A family member used to be married to a lawyer and he was such a great guy and I really loved him.

And he would tell me at the time he was working for this lawyer at just a a small private office, and he would regale me with stories about how this guy was a functioning meth addict. Who? The lawyer that he worked for. It was just, yeah, he's a meth addict, and it's kind of like making the business, it's kind of making it hard to work for. He's probably a real slave driver, whether you like it or not.

Meth, those people are getting stuff down. You get put to work. All right, now we can talk about NVIDIA. So, oh boy, oh, Babu, we got a lot. Oh, man, maybe we'll kick the Starlink thing down. to the bonus episode. Yeah, I think that makes sense. Invidia split, and it's got a major grip on the indexes.

And what I mean by that is, there's a little less than here for you, gang. The S&P 500. We all know it. It's a benchmark. It is an index consisting of 500 companies. You guessed it because it's in the name, S&P 500. Yeah, what else is the name? Sucking and pucking.

Suckin and pucking. No fucking with a pH. Sucking and fucking in fucking. Oh, it's right there. You blew it. Fuck. It hurts so bad. So company, you know, you look at the all-time chart of the S&P 500 and it just goes up.

It begs the question, how the hell does that work? I'll tell you. They are constantly adding and, not constantly, but on a regular basis, they are adding companies to the S&P 500 and kicking out some of the underperformers. That's how you're always going higher and higher because you're just replacing the underperformers with new newcomers. So like, for example, just recently, Comerica Bank, Illumina, which is like a... Dude, they kicked out Comerica?

They kicked out Comerica. They kicked out Illumina, which is like a gene sequencing company. And Robert Half, which I think is like a... No, that makes sense. Robert Half was on the way out. It's like an HR company or something. But so they're getting kicked out. And CrowdStrike...

Robert Half Empty is what I say. Very good, sir. CrowdStrike, KKR, and GoDaddy are getting added. Oh, GoDaddy. to see you up on the up. I'm surprised. I thought that they'd been up there. But so there, it's a committee that decides these things.

There's a committee, a secret of committee. Where did the people who get kicked off go? They go. They're just no longer on the index. They're still traded as individual companies, but they're no longer part of the measure of the overall health of stock. Do you think numbers 490 through 500 are just like, come on, we got to fucking, we got to keep it. I think that there's for sure companies that are, that know their

probably on the chopping block, sure. But so the thing about the S&P is it's called it is a market cap weighted index, meaning the bigger your company gets, the more weight it has in the S&P. Because it's a very simple calculation. You take the valuation of the company in question, divided by the total valuation of all the other 499 companies, and boom, it spits out that's the weight that the company individually has on the entire index. So, NVIDIA has just been growing and growing in size.

It's now a $3 trillion company. So it's got a very, very influential, gravitational pull of a weight in the S&P 500. And it, along with Apple and Microsoft, because they all are like $3 trillion companies too, just between the three of them, they've almost singularly been booing the stock market. Right. Which is just, I mean, some would say that that. indicates that something is broken, but I mean, it's like a, that's the way that it's meant to function and it's functioning. The heavier ones have a heavier, the bigger ones have a bigger

weight and they're pulling their weight. I, um, it's hard for me to think about anything other than, um, how bad I fucked up the sucking and fucking thing. Oh, yeah. It's like all I can think about, really. Why don't you tell us what you told me about what's going on with, uh, in Taiwan. In Taiwan with Jensen Huang. They got Jensanity. Yeah. Um, So this guy's become, he's become a little rock star. He's the CEO and co-finding. Yeah, we talk about him all the time, Jensen Wong. Jensen Wong.

So they're saying he's like a pop star. He's stirring up at Jensanity in Taiwan. And this man, even if he goes, everywhere he goes, people are like, holy shit. But even if he just goes and eats at a restaurant, that restaurant now has like a booming business. Because Jensen Wong, there was. His presence was there. They're going absolutely mad for the man. He's a tastemaker, and he is Taiwanese.

Yeah, there's wall-to-wall coverage about this guy. You just... I saw that... I just saw... He did an interview with 60 Minutes, and the birth of the company came from a Denny's, I think in Portland, somewhere in Oregon, I want to say, because he went to the University of Oregon.

But he was 30 years old, co-founded it with these two other engineers. and they were in a booth in Denny's. And in above that booth, there's a plaque that says Denny's wants to commemorate that this is the birthplace of Invidia. Oh, dude, if that was in Taiwan, the people would be going nuts. My favorite is, so he went to Computex. It's like some tech trade fair.

Computex. He, what did I say? He said Computex. Computex. Put the wrong emphasis on the wrong syllable. Computex. Let's go to In-N-N-Out, Burger. But holding a plastic cup of beer shouted to a group of people crowding around him.

Who makes the best graphic cards? They all shouted back, Envidia! That's awesome. I mean... He really is a hero. And it just speaks to... I mean, it's inspiring to me in many ways because here's a guy who wasn't wealthy or anything. He just was a guy who had an idea, along with his two nerdy friends.

they didn't know anything sounds a bit like someone I know didn't know anything about starting a company and they just went out and they fucking did it and their whole thing was they wanted to make better graphics cards to improve video games video game performance who who who are you saying it sounds like well we didn't know anything about starting a podcast on you think we're like Jensen Wong no I really don't but I mean there's famously a photo of him like signing a woman's bra recently he really is he really is just sculling beers asking people who makes the best graphic cards he's worth a hundred billion dollars which 10 years ago that would make him on track to be the wealthiest person in the world because at the time i think it was like bill gates and his wealth

had crested the hundred billion dollar mark you know you know how much gangus cons net worth was was inflated for just uh inflation adjusted for inflation what did i say for adjustment? What was it? $120 trillion. Interesting. But dude, you're living back in like the 1600s. You can't even use a bidet.

You can't even fly private. You can't fly private. You can't do anything. What is your horse have gold on it? Yeah, he was probably just hoarding a bunch of gold. And it's like, great, what are you going to do with it? Buy more gruel. People used to call me Gengis.

There was a guy that I worked with at the crab pot who would go, Genghis. He's not even spelled the same way. Let's see, what else? Can I show my video? I should show in the after hours. Let's show it in after hours. But we do what we do. So, everybody, Dylan's got a video that we're going to be showing in the after hours.

It's, I liked it. I didn't get it at first, but then I saw that it was your channel. By the way, follow Dylan on YouTube, everybody. What's your thing? Dylan. You'll see me out there. Okay, we'll see him. out there.

You'll link it in the description, too. So we do one more quick, maybe the Texas thing? Yeah, yeah, yeah. I think that that's interesting. Because we were talking, we were talking about how, you know, some of these right wing. We talked about wokeism last week. Right, and how they want to kind of split the economy in two and have the woke economy and the anti-woke economy.

This is not necessarily the exact same thing, but Texas wants to start its own, the Texas stock exchange. A group of entrepreneurs and stuff want to start one in Texas. Backed by Citadel and Black Rock. Black Rock. They raised $120 million to start the Texas Stock Exchange. Part of it is that they want to kind of skirt some of the, you know, the more stringent regulations these old fuddy dutties up in New York have.

Well, because the, so there's actually, I was very surprised. And you know what one of those regulations is? Actually, yeah, it's, it's diversity. Right. on boards so i i was very surprised that there are currently 24 u.s securities exchanges um but the two in new york city the nasdaq and the in the nisi the new york stock exchange are the are pretty much a duopoly and okay so you're probably wondering what's the difference between the s and p 500 and like the nashdak well the smp 500 is just an amalgamation of stocks

whereas the nzac and the nisi these these um stock exchanges are just the market place. It's similar to how you can buy peanut butter at Ralph's, but you can also buy it at Albertson's. Also at Trader Joe's. Honestly, the almond butter prices at Trader Joe's insane. But there is a crucial difference. Every individual... It's actually like pretty much the same almond butter. It's... Every individual stock is traded only on one exchange. So like, Invidia, you're buying and selling it on the NASDAQ exchange. And in order for the privilege to be listed on the NASDAQ or the New York Stock Exchange, your company has to meet certain criteria. You've got to be valued at a certain amount. You've got to have a certain

number of shares, freely tradable. And so this is one of the things that these Texas stock exchange people are rallying against is, yes, anti-woke, but it's more CEO-friendly, they say, because they want fewer. We're tired of all these regulations that we've got to keep up with just to be listed on these exchanges. So we're going to start one where we don't have to do things like this new 2021 rule where you've got to have diversity requirements on your board and prove, or if you don't meet these requirements, you've got to, you've got to tell us why you don't have and also, you know, people I think are pretty skeptical of it, but it's not, uh, it's not like it's completely without legs. I think, uh, Texas is, there's a huge amount of industry there. Uh,

I believe it's got the most amount of Fortune 500 companies headquartered there. I believe you're right. And so, and I'm sure there's plenty of CEOs and businessmen who are like, forget this shit. But that's the thing. It's so like having the regulations and stuff is one thing. But then what the- Living in Texas is another thing. No, what the NASDAQ and the NISI also give you in return is heaps of liquidity. meaning instead of having your peanut butter at the corner grocery store,

you're at Ralph's nationwide, where there's a lot more chances for people. There's Trader Joe's like literally all over the country. There's people who are more willing and able to do business with your stock by listing it on the NASDAQ versus one of the smaller, more obscure ones. I didn't even know. But I think their goal is for it to not be a smaller, more obscure one, right? With the backing of Citadel and Black Rock. But then I was reading some people made great points.

It's not necessarily, in a lot of these cases, it's not the NASDAQ that is requiring companies to meet certain criteria. It's the regulators. It's like there are certain things you can't just skirt by having a more business CEO friendly exchange. I know. They're still going to come up against all SEC regulations. Finra, all that shit. Yeah. As Glenn knows very well.

Hi, Glenn. Huge shout out to Glenn. But, yeah, I mean, I'm sure. that yeah it's annoying as a company when you've got just these new rules popping up like this the diversity thing is good in spirit i think but clearly as of it being a brand new rule it feels very reactionary and just like what is the is there any merit to this um there is obviously having diversity um uh rules and and stuff is a good thing but if you're a company that's like plugging away, it's like, okay, now suddenly we've got to fire a couple board members

to what, like, what, I guess, I guess, fire a board member. Yeah, fire him, actually. Fire all your board members. Fire them. Put them in a room and set it on fire. Send them to the firing squad. The firing squad. Dude, board member people make, there was a guy on the NVIDIA board member, or on the

NVIDIA board who's been there since like 1990 fucking eight. 1990, fucking eight. And his stock was valued. at the time at, you know, $500,000 or a million dollars. And he just sat on it. And he's still at the company, just on the board. And his stock suddenly is worth hundreds of millions of dollars. Just in the last, so imagine just you're a guy, you're in your 50s, you're married,

you got a couple kids, you got a nice little nest egg. You got $10, $20 million, whatever it is in equity in this company that you helped build. And then suddenly, and you think that that's it. Like, yeah, I've made $10, $20 million. I'm sitting pretty and then in the last five years your net worth just 10 X's and you're now like holy fucking shit now I'm like you move up

multiple orders of magnitude for me I'm just like I feel like my life wouldn't once I have $20 million if you were like here's a hundred I'd be like what can I do with it I'd buy a small I'd buy a small airplane that I am flying

you can buy a small airplane with $20 million I'd start a graphics card business. Yeah? To compete? Yeah. What would you call it? Mim video. Shmuno.

Shmulnu? Yeah. Shmoo-noo? Schmilnu? I don't know, dude. I just came up with it. But can't you buy your little plane with $20 million? Well, because it's expensive to maintain and you've got to like, getting a pilot's license is expensive.

I know people who have these things. We're going into the boat. bonus. Yeah, let's go into the bonus. Ben and Amel show. I'm going to have a word with Ben and Amel Show.com. Thank you so much for tuning in as you do every week. We love you so much. Also come join us on the Ben and Amel Show.com. It's very, I was reading through comments and I was like, this is a fun. Oh yeah. The people out there are total psychos. People are funny. Yeah. There's all this weird, these weird inside jokes. I really enjoy them. We're going to be talking about the internet ruining the lives of remote villagers in the

Amazon. We're going to be talking about dissolvable bags and how I'm going to use them to transport my dad's ashes to Disneyland and smart octopuses, octopi, the munchies, and getting slapped at the gym. And Dylan's going to show a video. Bye. We love you.