The Daily Zeitgeist - Leon Coopertrend 1/28: Leon Cooperman, Mark Cuban, Wolf Moon, Wendy Williams, Lakers

Episode Date: January 28, 2021

On this edition of Leon Trenderman Jack and Miles discuss Leon Cooperman crying on TV again, Mark Cuban celebrating the activities of WallStreetBets, the Moon is the brightest its been in a while, Wendy Williams recalls her one-night-stand with Method Man, and the Lakers lost to the Sixers and Jack wants to RUB IT IN. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Kay hasn't heard from her sister in seven years. I have a proposal for you. Come up here and document my project. All you need to do is record everything like you always do. What was that? That was live audio of a woman's nightmare. Can Kay trust her sister or is history repeating itself? There's nothing dangerous about what you're doing.

They're just dreams. Dream Sequence is a new horror thriller from Blumhouse Television, iHeartRadio, and Realm. Listen to Dream Sequence on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Do you ever wonder where your favorite foods come from? Like what's the history behind bacon-wrapped hot dogs? Hi, I'm Eva Longoria. Hi, I'm Maite Gomez-Rejon. Our podcast, Hungry for History, is back.

And this season, we're taking an even bigger bite out of the most delicious food and its history. Seeing that the most popular cocktail is the margarita, followed by the mojito from Cuba, and the piña colada from Puerto Rico. Listen to Hungry for History on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. How do you feel about biscuits? Hi, I'm Akilah Hughes, and I'm so excited about my new podcast, Rebel Spirit, where I head back to my hometown in Kentucky and try to convince my high school to change their racist mascot, the Rebels, into something everyone in the South loves, the biscuits. I was a lady rebel. Like, what does that even mean? It's right here in black and white and prints. It's bigger than a flag or mascot.

Listen to Rebel Spirit on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. There's so much beauty in Mexican culture, like mariachis, delicious cuisine, and even lucha libre. Join us for the new podcast, Lucha Libre Behind the Mask, a 12-episode podcast in both english and spanish about the history and cultural richness of lucha libre and i'm your host santos escobar emperor of lucha libre and a wwe superstar listen to lucha libre behind the mask on the iheart radio app apple podcasts or wherever you stream podcasts hello the internet and welcome to this episode of Leon Cooper Trend. Oh boy. Uh, yeah baby. He is, uh, he's trending.

So I thought I'd turn his name into the name of today's episode. Yeah. That's how that thought process went. Um, I'm Jack. Transparency y'all. That's what we're in favor of, transparency. Uh, I'm Jack, that's Miles. This in favor of transparency I'm Jack that's Miles this is what is trending let's kick it

off with Leon Cooperman this is the dude who Bernie Sanders was referring to when he said billionaires are going on TV crying because they think they're gonna have to pay their fair share of taxes he did in fact go on

TV and start crying about the idea of you know bernie sanders winning and making him pay his fair share oh well i mean shall let's just maybe we should just dine in some billionaire tears for a moment to him because look the reddit thing has all these motherfuckers so twisted up and bent out of shape they're like but but we're the ones who get to fuck the economy and play with it like that so here's leon cooperman on cnbc the reason the market is doing what it's doing is people are sitting at home getting the checks from the government okay and this fair share is a bullshit concept it's just a way of attacking wealthy people and you know i think it's

inappropriate we all gotta work together and pull together who who's working together because the way i see it working people are to fucking together take your money they're trying to take your money sir uh but yeah i mean this is a guy who is like you know he's he's gotten involved a little insider trading you know maybe the sec was like you guy who is like, you know, he's gotten involved in a little insider trading. You know, maybe the SEC was like, you need to wear a monitor, you know, because we're so worried about your fuckery when it comes to the stock market that he's boo-hoo-hooing. It's unfair to rich people. That is not a concept that is valid. Right.

That's not a valid concept of being unfair to the rich. That's not a that's not a valid concept of he's a billionaire to the rich. That's not that's not valid in this in this world. world where billionaires exist and this motherfucker is a billionaire yeah um and his you just get such a clear idea of him and everybody he talks to's uh idea of of the rest of the world of right of people just sitting at home collecting their checks and just you know trying to attack wealthy people i mean yeah that's where I'm just like, hey, Reddit, go figure out what Leon Cooperman is going short on. Right. How about that?

How about that? I feel like in my really funny brain that's overly optimistic, I'm like, this could be the kickoff of a weird chapter in history called shitty collectivism and seeing what this could eventually turn into because there's something really interesting about this whole phenomenon is that

it really is tapping into this idea that a lot of people hold inside that there is something fundamentally unfair about what is happening in the world on some level where it's yeah your access to finances or access to fucking medical whatever it is there's that feels like how the fuck is it like this and you can see this manifestation in it that i'm like does this keep going or they you know they're trying their hardest to try and keep retail traders out now uh because of how unpredictable things are becoming but you know at the same time there's other apps who are now trending on twitter who are coming back like hey we're allowing you to trade AMC and, and Blackberry and, and GME now.

And like, people were like, Oh, but what happened? What was going on the last 24 hours? What happened? So, so I figured out also,

uh, I figured out my, my brain finally wrapped its way around, uh, the, what, what a short sale is, uh,

for anybody else still having trouble. Maybe this will just be entertaining for everybody because they already understand it. I feel like Lisa in the episode where she can't figure out that brain teaser that everybody else figures out immediately. Somebody on Twitter, let me find the person. Let's say you borrow your sister's dress and you sell it for $100 because you think that it's going to go on sale. And it does. And you buy it for $55. Now you've just made a profit of $45 and you can give it back to your sister. Now the thing, I saw that and I was like, but that doesn't quite make sense

because why do you have to give it back to her? There's an aspect of this that I was missing that is there's a formalized agreement when you borrow from your sister that you will give it back to her at whatever the value of it is at that time. Yeah. So if it goes over, though.

Right. So what's happening when these short sellers are getting fucked is they're selling the skirt at 100, expecting it to go down to 55. And instead, the market on that skirt is going up and up. And now it's $1,000. And their sister is like, yo, give me my $1,000 skirt. Right. And you don't have it. So you have to buy it back for $1,000.

And that's- And now you're out 900. Now you're out 900. And because the price of the skirt can keep going up infinitely, the- Infinite liability. Yeah, infinite liability yeah infinite liability exactly it's like you're saying before if you buy a stock where we'd be like okay i gotta have 45 the most you can lose is 45 it can't go to negative 40 then you owe 90 it zero is the bottom

but when that's the risk with shorting because you can get away with just gambling being like i'm gonna borrow this and if that comes good i make my little money off the scraps of dead stocks and shit like that but that on the other side the sky's the limit and that's what they're finding out and cut to crying ass people who are siphoning all the wealth out of the country in the world yeah so fuck leon cooperman mark cuban is uh a billionaire so already uh not not the greatest but he he's one of the billionaires who's on the side of this being a good thing reddit kind of evening the playing fields absolutely because i think he knows just how it works and who makes money and how they make money and but he was just loving he's like my 11 year old son was on Wall Street bets on Reddit, and my 11-year-old made money.

Now, I don't know if miners are allowed to trade stocks on the internet, and that's a whole other thing. But look, if I was able to get free CDs from Columbia House without a parent authorizing that, then Mark Cuban, your son can get down on the Wall Street bets, I guess. Yeah. Wolfmoon is Mark Cuban's son's name uh no that is uh one of his appa kids that's what we are seeing uh is that tonight yeah tonight thursday the first full moon of the year and they call that shit the wolf moon fuck around find out do not play during the wolf moon um i don't know why it's called that there's i think even in these articles it's probably just some problematic uh appropriation of native american culture but then there's also a bunch

of other to say in a farmer's almanac is when wolves were howling because it was so bright regardless of the name it's going to be apparently be like as you're listening this check out the moon because they say it's going to peak in the afternoon like actually even before it gets dark like it will be so bright so shout out a wolf moon right there so the bbc uh explanation for why wolves howled more at this time of year is that there was less food. So first of all, they're going to howl because it's full moon and therefore it's brighter. And I guess wolves are the how of the wolf has an implied, you know, turn that shit down a little bit. Like, it's like, yo, enough.

We hungry with them belly full yeah and then there's also a we're hungry please uh i don't know there are all these other names too like snow moon is in february the worm moon is in march the pink moon in april strawberry moon in june and does that is that has more to do with the strawberry crop than I'm sure than the strawberry blonde. If you're a gutter, grimy person, get ready for the buck moon on July 23rd. Get fucking ready for buck moon.

Is that real? Yes, 23. Nuck if you buck moon. So let them know. Wendy Williams is trending uh because she i think she was aiming to get on shaley's like guys trending with the with this appearance on a podcast that she just had you know like i said like drake said don't make me have to fly my itunes don't make me have to side by side you. Because side by side, we're doing better numbers than Wendy Williams.

Allegedly. I don't know if that's true, but I'm going to think that. Yeah, she wants to let people know that she's been out here and she knows hip hop. Biblically. You know, she says she's trending because she says she had like a one night stand with Method Man in her penthouse after they met at a party in Jersey City. She said on this radio show, she said, I guess I batted my eyes and rocked my shoulder. You know how I do. I said, you want to come over?

And he said, I'll follow you. I said, give me your hand. And I grabbed his hand and he put his head down and I put my head down. And people didn't realize that at the time it was Wendy and one of the biggest stars, the leader of the biggest groups in the world just left, got into her Pathfinder and went back to her penthouse in Jersey City. Wow. What year was this? I mean, if she's thinking like this, it would have to be the 90s. Yeah, 90s. And if you're actually going to say that at that point, Method Man is the leader, I'm guessing this is when T'Challa to Judgment Day came out.

Even though that wasn't his best album, but that was like when he crossed. That's when Method Man got like big. Crossed over. It was like the How High era, right? Yeah, right before, like pre-How High, pre-Blackout with Redman. But that was the one that had 10 let the countdown countdown begin nine i was born from the mind eight get your hands on the snake that's the album that made me give up on him yeah and exactly because to cal was fucking

gospel so good but then he did but that's the thing people were in love with the year 2000 it was to cal 2000 and like huh but look clifford smith you're always welcome on the show um and then she said she goes on to say the host also disclosed that she and method man's rendezvous included her pampering him while she smoked weed so her pampering him while she smoked weed yeah bathed him in her jacuzzi tub and she smoked weed was he a baby at this time how's a i don't know grown-up bathing another she said and i smoked some more weed you know that was back in the coke days i don't remember what he did and i'm not going to implicate him on that back in the coke

days back in the yolk days okay um she also implied that he she knew some things about his personal life. So she wasn't willing to say that he used illicit substances other than weed, but she was saying that she knew he was having an affair with his wife's doctor. Like, why would you say that? Messy as fuck. Then they say apparently Method Man heard this rumor while he was recording music and he called like wendy and i was like what kind of shit is that so you say the fuck you want to say about me say nothing about my family yeah yeah fair yo i bet uh sophia chang versus wendy williams

sophia go fucking handle wendy for talking about your boy cliff like that cliff who is would you consider i know look everyone has it like people think de facto leader of wu-tang is rizza yeah i would say because he's i mean he he quarterbacked the whole shit he's the unifying force behind all the solo albums that all have the same sound so wendy i mean play respect to the rizza he doesn't have much going on except for that good humor remix so uh and then finally the lakers are trending uh we got to talk about it miles the 76ers last night the 76ers got a one-point victory. Yeah.

Pretty big win for them. It was the, you know, our two teams are first in the East and first in the West. They met up and the Sixers pulled it out. What about our net rating with LeBron off the court? It's positive. Is that true? Yes. Yes. I mean, Anthony Davis is really good.

But AD, I mean, let's be real. He's preserving his body a little bit. You can tell. He's not as aggressive to the basket as he was in the postseason. It seems like he can score whenever he wants to. Yeah, he can, but I think I'm also, see, this is a part of being a Laker fan. You give me a taste of that shit and I'm like, I will become unrealistic with the expectations.

I'm like, you should be putting up 63 a fucking night. What the fuck, AD? But also, you have to, like, playing his game, I think in the long term, it's like, we're still winning, so I'm not mad at the style of play. But I have a feeling, as we get closer, we'll get a little more aggressive and we'll really start turning up. The coach of the Sixers after the game, to your point about the Lakers, his post-game press conference was all about how good the Lakers are. He was like, man, that's a championship team

because the Sixers were up 14 with a couple minutes left, and the Lakers were like, no, let's try and win this. And just decided and went up by one before. It was just whoever had the last shot was going to win that one. Yeah. I mean, and Caruso had a great game too. I don't want to leave him out.

He's so fun to watch. I don't know. We have the funnest. It's so funny to watch some of these guys like him and talon horton tucker talon horton tucker looks like a fucking la fitness basketball player but he but he but he could ball it's just so funny like if you if i was picking people out of a lineup i'd like well not him um but you know and even if you saw him play like even if you saw him shoot because he like plays below the rim yeah and but he just yeah it's like a strange game but i love it yeah he's got like that 50 year old game that it's just like he knows exactly like every angle and it's kind of like

james harden like james harden doesn't look like he's uh the quickest or strongest or you know most polished player out there he just is he's efficient yeah he's just efficient it's yeah it really it has the vibes of like when your like math teacher will play basketball with you during recess or someone's like oh you guys want to play basketball and they just like post you up you're like fuck you're like 200 pounds dude like the fuck is it like it has that same kind of like i'm patient with it because i'm just this is my game so yeah shout out to thd yeah shout out to frank vogel too every time yeah y'all come out of a timeout it's guaranteed bucket yeah that's pretty wild

and thank you for thank you for showing frank the way jack's, on those rides that he used to give you. Yeah. I subtly pushed him. You know, it was a subtle push, but I figured over the course of decades, it would eventually lead him to coaching your team. Frank, for that, I thank you. All right, guys. That is going to do it for this Thursday. We are back tomorrow with the whole last episode of the show. Until then, be kind to each other. Be kind to yourselves it for this Thursday. We are back tomorrow with a whole ass episode of the show. Until then,

be kind to each other, be kind to yourselves, wear a mask, wash your hands, don't do nothing about white supremacy, and we'll talk to you all tomorrow. Bye. Bye. What was that? That was live audio of a woman's nightmare. Can Kay trust her sister, or is history repeating itself? There's nothing dangerous about what you're doing. They're just dreams.

Dream Sequence is a new horror thriller from Blumhouse Television, iHeartRadio, and Realm. Listen to Dream Sequence on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. How do you feel about biscuits? Hi, I'm Akilah Hughes, and I'm so excited about my new podcast, Rebel Spirit, where I head back to my hometown in Kentucky and try to convince my high school to change their racist mascot, the rebels, into something everyone in the South loves, the biscuits. I was a lady rebel. Like, what does that even mean? It's right here in black and white in print.

It's bigger than a flag or mascot. Listen to Rebel Spirit on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Do you ever wonder where your favorite foods come from? Like, what's the history behind bacon-wrapped hot dogs? Hi, I'm Eva Longoria. Hi, I'm Maite Gomez-Rejon. Our podcast, Hungry for History, is back.

And this season, we're taking an even bigger bite out of the most delicious food and its history. Seeing that the most popular cocktail is the margarita, followed by the mojito from Cuba, and the piña colada from Puerto Rico. Listen to Hungry for History on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hi, I am Lacey Lamar.

And I'm also Lacey Lamar. Just kidding. I'm Amber Ruffin. Okay, everybody. We have exciting news to share. We're back with season two of the Amber and Lacey, Lacey and Amber show on Will Ferrell's Big Money Players Network. This season, we make new friends, deep dive into my steamy DMs, answer your listener questions, and more. The more is punch each other.

Listen to the Amber and Lacey Lacey and Amber show on Will Ferrell's Big Money Players Network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Just listen, okay? Or Lacey gets it. Do it.