The Best One Yet - 👠 “HOLD Tory Birch” — Fashion’s stock market. Elon’s $1 Trillion Rihanna payday. The Capitalism Election. +Tom Brady’s cloned dog

Episode Date: November 6, 2025

Will Elon quit Tesla tomorrow?... He may if shareholders don’t approve his $1 Trillion bonus (“Better Have My Money”)Hold: Gucci. Sell: Isabel Marant. Buy: Loewe…. Fashion Trading is the new ���Life Dividend” flex.We just had the “Capitalism Election”... it came down to the Unholy Trinity of Unaffordability.Plus, Tom Brady just cloned his dog… and a $10B extinction startup was behind it.Got a question for David Risher, CEO of Lyft? Leave us a voicemail here: https://tboypod.com/shoutouts/form/shoutouts $REAL $TSLA $SPYNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today’s top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. It's Thursday, the new Friday, November 6th. And today's pod is the best one yet. This is a T-boy. The top three pop business news stories you need to know today. Yeti stocks are near all-time highs and so are our full stomachs. Last night, we went to little original Joe's Pizza. Yeah, not to be confused with Joe's Pizza or classic Joe's Pizza. We also bumped into two Yetis. We did. What were their names? Carlos and Diego. Carlos and Diego, a couple great Yeties. From Costa Rica, now living in the Bay Area. So next, we're going to Rad House, which is my favorite German-themed bike-friendly restaurant in San Francisco. You know what they say on Wall Street, Jack?

Uckya. Three fantastic stories for today's show. Jack, what do we got at a team? For our first story, America just finished what we're calling the capitalism election. Because it all came down to the unholy trinity of American unaffordability. For our second story. Hold Tori Burr. Sell Gucci by Isabel Morant.

Besties, the new financial flex is treating your fashion wardrobe like a portfolio. And our third and final story. Tomorrow could be the biggest day of the year because Elon Musk could quit as CEO of Tesla. Because today, Tesla shareholders vote on his $1 trillion shareholder package, whereas Rihanna would say, I better have my money. And if they say no, Elon says he's out. But yet he's before we hit that wonderful mix of stories.

Fantastic mix of stories, Jack. Tom Brady has seven Super Bowl rings. Yes. Three MVP. Okay. Two XYs. Count them. And one dog.

I'm sorry, Jack. I think you mean two dogs. No, I mean one dog. Yeah. But really two dogs because Tom Brady just cloned his dog. Get this. Remember that anti-extinction startup that's bringing back the Dodo, the mammoth and the saber-tooth tiger? Yeah, it's called colossal.

They're worth 10 billion bucks. Jurassic Park-style company. We did a story. Well, it turns out Tom Brady is an early investor, and he's cashing in on some perks right now. Because just before his family dog, Lua, passed away sadly in 2023. Tom Brady snagged some of her blood, handed it to colossal and said, one clone, please. That's right, besties. Tom Brady got colossal to clone his pet. They copied and pasted his puppy.

They doubled his doggy. Tom revealed it all in an interview on Tuesday with People magazine. By the way, the new dog, the clone, it's named Junie. Different dog? Same DNA. Different name. That bark, though. Oh, it's the same bark. And on the same day that Tom revealed his Pitbull Mix is actually a clone, Colossal announced they acquired a pet cloning company.

Because celebrities, they've been cloning their pets for years now. Apparently, it costs about $50,000 to clone your pet, I heard. Not too shabby. 2017, Barbara Streisand cloned her dog. 2022, Paris Hilton famously cloned her chihuahua. Jack reminds me of one of our most famous fundamental rules of business. P-U-P-P-Y. People ultimately prioritize puppies.

Yeah. Let's hit our three stories. Fifteen years before this song, two boys from the Northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is a norm. Jack Nick, that's it. 50%. That's a fat tip.

Tea Boy City on your at list. If you know, you know, because we're ready to go. We can't wait no more, so just start the show. First, a quick word from our sponsor. For our first story, Democrats swept on Tuesday, and it's being called the capitalism election. Because there's a pattern that explains this election, last year's election, and probably next year's election. What is it, Jack? The unholy trinity of American unaffordability.

But Jack, first, let me just read off the names of the big banks to you. We got Goldman Sachs, Morgan Stanley, Zoron Mamdani. Yet he's a majority of New Yorkers voted for a Democratic socialist named Zora Mundani to run the capital of capitalism. And it wasn't just New York's election in Virginia and New Jersey. Voters overwhelmingly elected a Democrat in their governor's races. And in response to Texas gerrymandering their congressional districts earlier this year, Californians voted Tuesday to do the same. Now, interestingly, in each of these elections, predictions markets were correct, right, Jack?

Yes. But Democrats won by even wider margins than expected. However, it was in New York City's mayoral election that the New York Times called it the capitalism election. Because capitalism was basically on the ballot. I mean, Jack, there's a couple of capitalists guys over here. How's capitalism been doing these days? Well, Gallup began polling Americans on their opinions of capitalism starting in 2010. Okay, and what kind of numbers we're looking at?

This year, just 54% of Americans hold a positive view on capitalism. That's down from 60% since 2010. Feels like a moment we can't press the chiching button. But besties, this leads to the biggest name among the election 2025 winners. And that name, again, Zora Mamdani. Like Bernie Sanders, Zoran calls himself a Democratic socialist. And now he is governing Wall Street. Literally.

Now, one key reason for his victory, it's the strategic use of social media. The successful use of social media. Zoran has 2.4 million TikTok followers compared to Andrew Cuomo's 17,000. That's 150 times more. But the key within that social media strategy was growing his audience with financial humor. Yeah, he coined the phrase halal flation. Yeah, yeah, the food trucks. To express something every New Yorker understood.

The white sauce used to be free and now it's not free, basically. But now comes the hard part for Zoran, the governing. Right. Because if Zoran wants to raise taxes on New Yorkers earning more than a million dollars and corporations as well, the mayor cannot do that without approval of the state lawmakers. He will also need help with his rent promises. He wants rents to come down. That can't happen without the help of private real estate developers. Now, New York's financial elite did say that Mumdani's election would result in businesses and the wealthy leaving the city.

On that note, bizarrely, yesterday Texas's governor Greg Abbott said he would impose a 100% tariff on any New Yorkers who want to move to Texas now. I mean, we're good people. We're good people. Yes, you are good people. But Florida is doing the opposite in this situation, which, unsurprisingly, they're not just advertising. their beaches. They're advertising their 0% corporate and income tax rate to try to get New York businesses to come south. So maybe when you add up, it could have just been a big bluff. Many Wall Street leaders right now, like Bill Ackman, have already congratulated Zoran Mumdani. After ripping on him and saying there would be an exodus if he got elected. It looks like Wall Street may try to work with the mayor instead.

But we're most interested in the winning political trend of the last three years that Nick and I have noticed. And we got an analogy for it. So Jagal, what's the takeaway for our buddies who are everyone watching the capitalism election. Groceries, rent, and health care. That's the unholy trinity of American unaffordability. Yeties, the economy has always been a decisive political issue, but in the last 10 years, it's more specifically focused on affordability. 2024 was the grocery election. That's what we called it. Trump won on a promise to lower the price eggs. 2025, what just happened this week, was the rent election. Zoran, he was laser-focused on the rent in New York being too damn high. And 2026, we bet next year's midterm elections will be the

healthcare election. We do. Because food, rent, health care, they make up 55% of the average Americans cost a living. And those are the biggest price pops of the inflation era. The price increases of rent, health care, and food have been relentless. Okay, now, Jack, we did say the unholy Trinity, but you could say like the four horsemen of unaffordability, too, right? Toss Disney Plus in there to round it out as four. Because Disney Plus price hise, become monthly. Yeah, Mickey, why you keep jacking the price up on us? Yeties, Americans are desperate for relief from unaffordability, specifically with groceries, rent, and health care.

And the elections at 2024, 2025, and we think 2026 show that the key to winning elections is focusing on the economy's unholy trinity. For our second story, a wild new trend has emerged by sell recommendations for items in your wardrobe. We'll tell you why you should buy Gucci. sell pro. Oh yeah. And hold your Tory Birch. Hold on to it.

It's all about life dividends. Oh, Yetis, in this economy, the hot new thing. Oh, it is the old thing. It's the old stuff. It's a good stuff. Second hand, it's number one in the fashion age during inflation. There's no price pop on your grandma's old Prada, isn't there, Jack? That's why stock in Threadup, an online resale marketplace, are up 400% so far this year.

And why the real rail, another online resale market. Marketplace announced record earnings back in August. There's no tariffs when their supply comes from your closet. Perfectly put, Jack. But besties, all the attention lately is not on the financials of these companies. It's actually on the Real Reel's resale trading report that just dropped on the fashion community. Nick and I jumped in T-boy style to that report. We did.

And what kind of numbers we're looking at in the wardrobe, Jack? Searches for Christian Dior on the Real Real are up 114% this year. Because Christian Dior just changed their creative director. Balenciaga searches are up 310. 10% because their fashion label just got a new designer. And Loua-Ve dresses. Nailed the pronunciation, Jack. Searchers are up nearly 500% on word that their famous designer is leaving the company.

Jack, call up Jim Kramer, Botega, Vanetta, handbags are popping like meme stocks these days. This luxury labeled data has led to a fascinating new thing. Yeah, it has second-hand fashion analyst reports. And honestly, Jack, considering we used to work in finance, like this makes sense, right? Like luxury clothing, handbag shoes, they can rise and fall in value on the secondary market. Financial analysts give investment advice for stocks, which is a secondary market. Now it's happening for luxury clothing. We do it for stocks.

Why not for stilettos? The real girl is a blog that built a portfolio based on this secondary market data. Yeah, she has structured her analysis just like J.P. Morgan would. And her latest report says, buy Gucci, sell Isabelle Morant and hold Tori Burch. This is an investment advice, but it's kind of investment advice. All right, well, has the analysis work on this fashion stock portfolio, Jack? The real girl, notice that Tori Birch consignments are down 2% on the real real. So more people are not selling their Tory Birch items.

And therefore, her interpretation, people are wearing their Tori Birch instead, which leads to the recommendation. Hold your Tori Birch shoes if you got them. In this case, hold means wear them. You know, they're a hot fashion right now and you want to look on trend. Go outside. You'll look fabulous. Apparently now's the time to watch.

wear your Tory brooch. Okay, but Jack, on the other hand, searches on The Real Real for Isabel Morant ruffled blouses are up 54%, a signal of high demand. And since that style is so specific, it might go out of fashion tomorrow. So if you have that blouse, you should sell it right now. Are you selling it, Jack? On the Real Real? Yeah. I'm doing it. Fesci's added up in the stock market and the fashion market are both secondary markets. And now we're getting the same level of sophisticated analysis. So Jack, What's the takeaway for our buddies who are everyone pouring through their wardrobes right now? Introducing the financial concept of life dividends.

Now, Eddie's, I got to pause the pot here. Jack told me about this concept, and I hugged him when I heard it. All right, we'll explain it. The definition of an asset first, it's something that you own that promises future economic benefits. For stocks, which are an asset, those benefits are someday selling for a gain or receiving a cash dividend. Many stocks pay dividends, you know, a small cut of the profits that's sent to each shareholder every quarter or so. Okay, so stocks are an asset. What about a luxury Louis Vuitton dress? Those are assets too, because you might be able to resell that dress for a higher price someday. And Jack, while it doesn't pay

a cash dividend on that dress, we would say the dress pays a life dividend. You wore that dress on your first date. Yeah. You wore it to your best friend's wedding. Totally. Or you wore it on your third anniversary dinner. Bessies, when you bought it, that was an asset that paid you economic value in the future, value in the form of life experiences. Each of those life moments were like a little cha-ching. There you go, Jack. A little emotional dividend.

So while some assets in life don't pay a cash dividend like a stock, they do pay a life dividend. And Jack, I love that concept. Life dividends. Yeah. That's what life is all about. Now a quick word from our sponsor. For our third and final story,

we got one other election for you. Tesla shareholders. finish voting today on Elon Musk's $1 trillion pay package. Financially speaking, Tesla is a cult, and this vote could determine the fate of its cult leader. Now, Basties, we all know the biggest bonus in history. You remember that one, Jack? We covered it early on the pot.

Yeah, Alexander the Great. When he took over Babylonia, he gave himself like $100 million, right? No, no, no, no. Elon Musk actually is the one who received the biggest bonus in corporate history. He received over $50 billion earlier this year for turning Tesla from a small EV company to a massive car company. But now Elon is up for the biggest bonus in world history. To quote Dr. Evil, $1 trillion. Yeah, get this best, he's the chairwoman of Tesla's board, who in theory is Elon's boss, but in practice very much isn't.

Yeah, yeah, she told Bloomberg News why Elon deserves a $1 trillion pay package. She said that if Elon doesn't get this pay package approved by shareholders to, today, he will quit the company, or essentially quiet quit. After all, Jack, Elon does have X-A-I, SpaceX, Twitter, Neurlink, and the boring company, a bunch of other companies that he could be spending his time with. So the whole point of this $1 trillion incentive package that Tesla set up is to keep him motivated, quote unquote. Yeah, on Tesla. And as we explained in our last story on this earlier this year, Elon only gets paid if he makes Tesla shareholders rich. So ultimately, This bonus package, it's the ultimate put-up or shut-up deal.

So, Basties, we've got to vote here. When investors are uncertain about a decision like this, what should you do? Well, you could go back to the fundamentals. And based on the fundamentals, Elon definitely should not get paid this much. Yeah, and there's some examples of this we're seeing. Like ISS, which advises shareholders and how to vote on things like this, they recommended voting no. And the sovereign wealth fund of Norway, a huge Tesla investor, publicly stated this week that they already voted no. Jack, why are these big investors voting no on Ila's deal? Well, they described the bonus as

astronomical. Yeah. Which at a trillion dollars is. I mean, you think like a half or even a quarter trillion dollars, yeah, that'd be pretty good, right? I think that should be enough to motivate somebody. Yeah. Also, this kind of puts all of Tesla's eggs in the Elon basket. And Elon is not the most stable of baskets. I'm pretty sure he wants to go to Mars. Yeah, he may not be on this planet in a few years. But there are supporters, of course. Dan Ives, who manages a popular investment fund, is is voting yes on this deal. So is Kathy Wood. They both want to give Elon a quote-unquote bright green light to move forward with his Tesla master plans. And you know what? The truth is, though, this isn't really about the money. It's about the power. Elon's already the richest person in the

world. What he wants is more control of Tesla in the form of more shares of the company. It's not about cash. It's about control. Oh, and Elon? Yeah, he's taking this vote personally. Which leads to our Takeaway. So Jack, what's the takeaway for our buddies who are everyone over at Tesla? Tesla is the ultimate story stock. And Elon is the only one who can tell the Tesla story. Yeah, it's a story premium. Yeti's Tesla's revenues, they're down in the last two years.

Profits also down 65% in the same period. And yet, Tesla stock has doubled over the same period and now sits at an all-time high because of a great story. That's the story premium. story is that Tesla is not a car company. It's robotics company with plans to take over the world. Robotaxies and humanoid robots. They're going to make Tesla the world's first $10 trillion company. But as Elon actually said last month, this is a direct quote, I just don't feel comfortable building a robot army here unless I own 25% of the company. Tesla is a cult of personality.

And without the cult leader, the stock is going to fall. Sebastian's, if shareholders want the stock to stay high, they should vote yes and give Elon this record bonus. If out of principle you don't think Elon deserves this kind of a bonus, or you just think it's wrong because it's too much money to give one person, the smarter move would be to sell your Tesla stock instead of vote no. Because Tesla is the ultimate story stock and Elon is the only storyteller. Jack, could you whip up the takeaways for us for the new Friday? Democrats swept elections nationwide on Tuesday with a socialist now running the capital of capital. Rent, food, and health care. That is the unholy trinity of unaffordability.

For our second story, the Real Reel's resale shopping report was actually rich market data. Honey, hold the tory birds! So now we're getting buy and sell recommendations for secondhand luxury. Bezies, if you own nice things that you like to use, those are assets and they pay life dividends. For our third and final story, Tesla's shareholder meeting is today. We'll learn if they approved Elon's $1 trillion pay package, or not. We think they will because Tesla's a story stock, and only Elon can tell that story. But besties, this pod's not over yet. Here's what else you need to know today. First, the Supreme Court

heard arguments today about the lawfulness of President Trump's tariffs. Because tariffs are taxes. True. And Congress controls taxes, not the president. So the president's argument is that this is an economic emergency, but the justices, they don't appear to be buying it right now. So soon, they could rule that Trump's tariffs are illegal, meaning the Supreme Court could end the trade war. And second, crazy movement yesterday after hours on Wall Street, just like the most insane stock training we've seen all year. First, snapstock jumped 25% on news of a $400 million deal with perplexity, the AI company. And then DoorDash said, Hold My Beer. It dropped 20% on missed earnings and just too much spending on delivery robotics. And then Robin Hood stock fell, despite doubling their revenues last quarter, driven by predictions markets.

And finally, the government shutdowns now the longest in history, but it's officially hitting your flight plans. The FAA is canceling 10% of flights at 40 major U.S. airports starting Friday. Yeah, because the FAA is short-staffed. Workers appear to be ubering to make money on the side since they're not getting their usual paychecks. So the FAA is reducing flight traffic to try to keep us safe. and I have three flights between Friday and Sunday. I guess more travel this week than in any other period of his life. You have three flights like in 24 hours.

I'm red-eyeing back to the East Coast on Thursday to Friday. So you can fly to another part of the East Coast. So that my family and I can go to New York. Yeah. So good luck. Now time for the best fact yet. And this one is some special T-boy trivia because today, Jack and I are interviewing the CEO of Lyft. His name's David Risher.

this. Before working at Lyft, David was employee number 35 and employee number 37 at two epic companies. Yes, he was one of the first 50 employees at two giant big tech companies. They're both worth a trillion dollars. And now he's the CEO of Lyft. So our trivia question, what is it, Jack? What are those two companies that David Risher was the first 50 employees at? Bonus points, if you know why Lyft is the color pink. Yiddies, you'll look fantastic for the new Friday. Hey, Jack. All right, we got to hit the hair and makeup for this interview. You ready for this?

No, I'm going to go to Radhouse first. I know, I know. So we'll get a pretzel. Then we'll do hair and makeup. Besties, drop your questions you got for the CEO of lifting the comments. And Jack and I, we'll see you on tomorrow's pod. And before we go, congratulations to legendary Yetis, Allison and Jordan from Long Island and Whitechoff, New York,

on their one week wedding anniversary. Best week in the books, you look fantastic. Happy birthday to Alan Vinecourt, who's turning 30 in Charlotte, North Carolina. This man is also a brand new Uncle Alan. And Hannah DiGrosi as a turning 21 years old down in Hotland of Georgia, interning at the governor's office. And happy 26th birthday to Zachary Byer in Tampa, Florida. And Spencer Patel enjoyed that 25th birthday of the mid-20s in Orlando, Florida.

And happy birthday to Tristan Ross in Fargo, North Dakota, the best movie theater GM in all of the noise. Action. This is Jack. I own stock of Disney and Lyft. and Nick and I both on stock of Robin Hood.