The Daily Zeitgeist - Planes, Trends, & Automobiles 11/19: MBS @ The White House, Epstein Files, A.I. Buckingham Palace Xmas Market, Nvidia

Episode Date: November 19, 2025

In this edition of Planes, Trends, & Automobiles, Jack and Miles discuss MBS @ the White House, the Epstein bill flies through the House & Senate,  the very fake AI Buckingham Palace X-ma...s market, the stock market (and the AI bubble) bracing for Nvidia's earnings report and much more!See omnystudio.com/listener for privacy information.

Transcript
Discussion (0)
Starting point is 00:00:00 This is an I-Heart podcast. A decade ago, I was on the trail of one of the country's most elusive serial killers, but it wasn't until 2023 when he was finally caught. The answers were there, hidden in plain sight. So why did it take so long to catch him? I'm Josh Zeman, and this is Monster, hunting the Long Island serial killer, the investigation into the most notorious killer in New York, since the son of Sam, available now.
Starting point is 00:00:27 Listen for free on the IHeart Radio app, Apple Podcasts, wherever you get your podcasts. On the podcast health stuff, we are tackling all the health questions that keep you up at night. I'm Dr. Priyankawali, a double board certified physician. And I'm Hurricane de Bolo, a comedian and someone who once Googled, Do I Have Scurvy at 3am? And on our show, we're talking about health in a different way, like our episode where we look at diabetes. In the United States, I mean, 50% of Americans are pre-diabetic. How preventable is type 2?
Starting point is 00:01:00 Extremely. Listen to health stuff on the IHeartRadio app, Apple Podcasts, or wherever you get your podcasts. I'm Robert Smith, and this is Jacob Goldstein, and we used to host a show called Planet Money. And now we're back making this new podcast called Business History about the best ideas and people and businesses in history. And some of the worst people. Horrible ideas and destructive companies in the history of business. First episode, how Southwest Airlines use cheap seats and free whiskey to fight its way into the airline is. The most Texas story ever.
Starting point is 00:01:33 Listen to business history on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. What do you get when you mix 1950s Hollywood, a Cuban musician with a dream, and one of the most iconic sitcoms of all time? You get Desi Arness. On the podcast star in Desi Arnaz and Wilmer Valderrama, I'll take you in a journey to Desi's life, how he redefined American television, and, what that man for all of us watching from the sidelines waiting for a face like hours on screen listen to starring desi arnaz and wilmer valderrama on the iHeart radio app apple podcast or wherever you get your podcast hello the internet and welcome to this episode of planes trends and automobiles classic i think that was courtesy of an adium silver let me let me get confirmation on that but
Starting point is 00:02:19 that's the reference to uh the season we're about to hit planes trains and automobile season When's last time you watched planes trains and automobiles? Never seen it, Miles. No, never seen it in maybe 20 years. No, dude, I was in high school last time I watched it. Yeah, it's a... Funny, though. It's funny. That's what I hear.
Starting point is 00:02:38 And I don't like to laugh. It makes me feel like an idiot. And I hate John Candy. Oh, that guy's just so full of himself, you know? Yeah, yeah. What a guy. What an asshole, that guy, huh? Shout out to anybody who's traveling for Thanksgiving.
Starting point is 00:02:54 Thanksgiving. I will not be doing that. And I'm very happy to report. All right. My name is Jack O'Brien. That over there is Miles Gray. These are the stories that are trending on this Wednesday, November 19th. Yeah. Donald Trump continues to just be impressive, unbothered, just a steady hand at the wheel. Nah, he got he got real, real snippy again at the press. Yeah, look, it's hard when you've got, again, his own omni crisis that he's dealing with, which we'll get to. But yeah, he had to do with all this money. He's bringing him from the tariffs. I know, dude. I guess I'll just give all of it away. Plus, I'll have to throw in more of it to give you these checks because it doesn't cover the $2,000 checks, which again, Congress still has to legislate that. Yeah. So you can say that,
Starting point is 00:03:45 but there's many steps to occur before we get there. Yeah, but he basically, man, he had the fame, not even infamous famous, famous duffel bag disappear, crown prince Mohammed bin Salomon, aka duffel bag boy at the White House yesterday. And the Oval Office Presser was tense. Because shout out to ABC news reporter Mary Bruce for pulling up from the fucking logo. Very great. Opening question to Mohammed bin Salman and Donald Trump, which normally you're like, oh yeah, this is good journalism. But because we live in such a fucked up backwards, like, and have such a chill on journalistic integrity, you're almost like, oh, my God, oh my God. Is she able to say, is she able to ask that? Well, yeah, and she's asking it to a guy who dismembered somebody for being a reporter.
Starting point is 00:04:34 An American journalist. Yeah, an American journalist. Anyway, so here's, here's Mary Bruce saying, oh, where's the logo at? Okay. Step, step back. Step back. Is it appropriate, Mr. President, for your family to be doing business in Saudi Arabia while you're president. Is that a conflict of interest?
Starting point is 00:04:51 And your royal highness, the U.S. intelligence concluded that you orchestrated the brutal murder of a journalist. 9-11 families are furious that you are here in the Oval Office. Watch the Americans who are you with. Just all of them. Just had it ready to go. Everything. Trump. And your royal highness.
Starting point is 00:05:12 Yeah. Oh, my goodness is great. It's like, Trump, you're doing fuck shit in Saudi Arabia. Is that? Yeah. Is that on the level? also do it to go and your royal highness
Starting point is 00:05:21 Pivot Pivot over it. American intelligence and the Turkish government have credibly concluded that you were behind this and he was murdered. So then again, because Trump is on one he is suddenly like, I got
Starting point is 00:05:36 this. I got this. No, no, no, no. I got it. I got it. First of all, who you with? Who you with? Like, this is James. Okay, who you with? And the same to you, Mr. Who are you with? I'm an ABC News, sir. You're with who? ABC News, sir. Fake news, ABC fakeness, one of the worst in the business, but I'll answer you a question.
Starting point is 00:05:53 I have nothing to do with a family business. I have left, and when I've devoted 100% of my energy, what my family does is fine. They do business all over. They've done very little with Saudi Arabia, actually. I'm sure they could do a lot. And anything they've done has been very good. That's what we've done. We've built a tremendous business for a long time.
Starting point is 00:06:12 I've been very successful. I decided to leave that success behind and make America very successful. And I made America more successful by far than it ever was. And that it ever could have been, no matter who was precedent. There would be nobody bringing in $21 trillion that I can tell you right now. What's that number of that? And also, you're not. The economy's tanking.
Starting point is 00:06:33 But, okay, continue. We're propped up on the AI spending of like about 10 companies right now. Spending money back and forth with each other. But okay. Okay. Killing it, sir. As far as this gentleman is concerned. This gentleman.
Starting point is 00:06:48 Talk about, are we talking about Hamid bin Salman or Jamal Hashoggi? I think he's going to be talking about Jamal Khashoggi because what he's about to say now is fucking wild. He's done a phenomenal job. You're mentioning somebody that was extremely controversial. A lot of people didn't like that gentleman that you're talking about, whether you like him or didn't like him. Things happen. But he knew nothing about it. We can leave it at that.
Starting point is 00:07:11 You don't have to embarrass our guest by asking a question like that. It's just he asked me, I like how Muhammad, he's like, yo, yo, you, okay, bro, I can't let you just say some mob shit like that. Like shit, yo, I mean, what you're going to do? My man,
Starting point is 00:07:23 he crossed my man's. I mean, shit happens, bro. Right. And things happen is a crazy response. It's a crazy direction to take that. Allow me to respond.
Starting point is 00:07:34 I have a little bit more of a elegant way of completely lying about this whole situation. If you look at the whole time he's talking about this, Mohammed bin Salmont is checking his cuticles. Yeah. That's what you do when you're an evil. person when somebody's like answering a question for you about somebody that you dismembered and put into a duffel bag. I guess I'm going to have to dismember and put in a duffel bag. My, uh, what's that called?
Starting point is 00:07:59 Am I right, ladies? My manicurist. Okay, they're about to disappear. I mean, like, are we a vassal state yet? Truly, you know, when you, you have the president being like, I'm going to go, allow me to tackle this question about the murder of a journalist, American journalist. A lot of people didn't like him and things happen is a wild thing to come out with. If you were just, if you were honestly just being like, he had nothing to do with that.
Starting point is 00:08:25 That was like horrible, but he had nothing to do with that. That's fine. But to be like, first of all, he had nothing to do with it. Second of all, nobody liked him.
Starting point is 00:08:32 Nobody liked him. And things happened is fucking wild. Things happen is like, I'll say if a piano falls on your head while you're walking down the side wall. Yeah, but if a piano falls on your head and then somebody who doesn't like you says things happen,
Starting point is 00:08:49 you're like, well, you did that. You orchestrated that piano fall on my head. Oh, yeah. Was I the guy who cut the wire that dropped the piano? That guy's. Yeah, but things happen. You know, things happen. A lot of people didn't like you, okay? Yes, yes, yes, yes. Um, by God. And yes, thank you. Brian the editor said, yes, to answer question about we are a vassal state. Yeah, I meant that was very rhetorical seeing the president of the United States.
Starting point is 00:09:10 Are we a vassal state? are we the baddies is the new are we the bad guys yeah i feel like we might be the baddies when the president is saying a lot of people didn't like him and uh things happen about a journalist who was dismembered by the person sitting next to him for asking the wrong questions yeah you know and while that person checks their cuticles that's just a a moment in time that's the same body language of like uh i don't know if you do no dudes like there's some new people like like this like my uh my cousin would date a lot of women who would end up starting fights that he would have to fight on her behalf because she's yeah and then they stand back looking and they stand
Starting point is 00:09:53 back and looking at their nails and she's like uh can you handle this and he's like i got my ass kicked last time you turned up at a nightclub could you not just like yeah yeah guess what he about to fuck y'all up mm-hmm all right mohammed bin sultan go ahead crown by the way Mohammed bin Salomon's voice. I only heard a very brief, but he sounds like a Muppet, which I don't know if he's going to dismember me for saying that, but again, just one of those things where like the voice
Starting point is 00:10:20 doesn't match what I would expect him. If you were invited to a consul, Saudi consulate in Turkey. Yeah. He's like, okay, just one thing, Mr. President. Luckily, the Washington Post found their fucking spine momentarily. Whoa. And put out an op-ed where they're like,
Starting point is 00:10:36 that was absolutely diabolical what happened. Like, because I think they're like, we got to stick up for the fucking guy who worked for us. Yeah. Our employee who got dismembered by this guy and the guy next to him said things happened and nobody liked that bitch. Nobody liked him, dude. I mean, I don't even asking about him.
Starting point is 00:10:54 And honestly, I don't blame him. I don't blame the crown prince. Well, don't, hold on. Are you saying, you're reinforcing the facts here. Frankly, that's embarrassing. You made it, you made it embarrassing. And that's the biggest crime is to embarrass the crown prince. Meanwhile, speaking of embarrassing Miles, the Epstein bill, you know, the bill to release the Epstein files,
Starting point is 00:11:18 uh, fucking sailed through both houses of Congress. Um, it was, uh, the Epstein files will be released in whatever capacity of the White House wants them to be released. But it is on the White House now. It is up to Donald Trump to either be like, nope, in which case he looks guilty as fuck. or yep okay here you go and then like the only parts of the document that aren't blacked out are like ransom note of letters that spell out bill clinton yeah it's the first letter of the third paragraph of random l not that not that i don't fully expect bill clinton to be all over those shits but yeah but we know that that's those are the optics they want to make this firmly a thing that no conservative has anything to do with or any wealthy donor has anything to do with so after
Starting point is 00:12:09 passed the House. This is when we were recording yesterday. Mike Johnson went to the lector and did a lot of hand-wringing to basically be like, I mean, of course we, we, we support transparency and do, do, do it. Don't be mad at me. He wanted to also say this thing. He kept reinforcing. He's like, there's a lot wrong with it too. And I spoke with Leader Thune in the Senate that, you know, Republicans have work to do on this bill, meaning that I think Mike Johnson was like, I fuck, let me get the heat off me in the house. Yeah. Boys in the Senate can be like, well, we need to amend this a little bit and start doing this back and forth forever amendment, like stall tactic.
Starting point is 00:12:45 As-to-ass back and forth forever. There it is. I don't know if you know that movie. Yeah. I mean, hey, Aronofsky, maybe Darren Aronovsky could write a movie about this. This is Speaker Johnson right after it passed, just to give you an idea how he was viewing how the rest of the day was going to go. I call my counterpart in the Senate, Leader Thune, and I talked to him through this with him
Starting point is 00:13:05 and shared our deep concerns. And, of course, they share those concerns as well. And so I'm very confident that when this moves forward in the process, if and when it is processed in the Senate, which there's no certainty that that will be, that they will take the time methodically to do what we have not been allowed to do in the House to amend this discharge petition and to make sure that these protections are there. He goes on to be like, I don't want to create a new category of victims here with people who are merely just named in the files. He kept talking about new. Really, those are the real victims that we need to be thinking about. The real victims, the people who were interacting with Jeffrey Epstein consciously and knew about. Sure.
Starting point is 00:13:43 Uh-huh. So. Won't you think of them? Once you think of the millionaire and billionaires who were in those emails. Right, right. Exactly. He, you know, clearly he was thinking, he's like, if the Senate takes it up, cut to, it gets to the Senate, they fucking pass this with unanimous consent. They passed that shit by the time he was done that sentence.
Starting point is 00:14:04 It was a three-man weave. They didn't even put the ball on the floor. Test pass right fucking back at you, bro. And so the Senate passes it. Then they caught Mike Johnson in the halls right after. And he didn't, he's a lot of people like, he's so shook. I don't know how shook he is. But he clearly, it looks like he's like, this was not the plan.
Starting point is 00:14:29 So this is Mike Johnson after the Senate passes it. And being asked, yo, how are you feeling about the? It's done, baby. Now what? Any reaction to Leader Thune, are you seeing the bill without adding amendments or changing it? I am deeply disappointed in this outcome. I think I'm told, I've been at the state dinner. I don't know. I was just told that Chuck Schumer rusted to the floor and put it out there preemptively. It needed amendments. I just spoke to the president about that. We'll see what happens. So is he, do you think he may veto it? You say you spoke to the president?
Starting point is 00:15:00 I'm not saying that. Is he supportive of it in its current form? uh we both have concerns about it so uh that's your guy isn't you guys are a republican that's you're supposed to be a team what's you know you know how the media loves to do a dem's in disarray to the media's credit the democrats are often in disarray and don't know what the fuck they're doing but like the republicans man they they don't seem to have their shit together and miles you you lay out here an interesting potential eventuality here because yeah like yeah trump can you know redact everything you know be picky and choosy in terms of what he's going to release but that he's not out of the woods no i i think i think
Starting point is 00:15:45 a lot of people myself included were like all right they're just going to fucking just they're going to give you black sheets of construction paper and tell you right seen files uh but after like reading more and hearing from like you know like lawyers who have been actually talking about like what is possible in terms of like the powers of congress there's a few things that can happen right so obviously he can veto it you can get blacked out documents and claim total transparency although it is important to note that the bill that was just passed by both chambers does have language about how slick they can get with redactions okay now that's why that's one of the things I think Mike Johnson really wanted to amend was like the ability to like, well, what can be redacted?
Starting point is 00:16:27 Because as the legislation in its current state says that it would allow, quote, would allow Justice Department to redact information about Epstein's victims or continuing federal investigations, but not information due to, quote, embarrassment, reputational harm or political sensitivity. So I'm sure they'll probably try and claim the first part, which like, well, this is ongoing investigation because we heard. that he's like, we need to look into the Clintons of it all. And they can maybe probably claim that. But another possibility is, like, if it is a, you know, they are trying to do a cover up or something or people are told in the DOJ to like delete shit or get rid of it or don't, you know, submit that to Congress. There's a lot of people that will potentially have their hands on that effort because
Starting point is 00:17:13 at this point, they have 30 days. The Department of Justice will have 30 days from when Trump signs the bill to hand the shit over. So, and a lot of people have said. that even though the shit in the documents that Congress gets may be redacted, there are still plenty of lawyers, prosecutors who worked on the cases that could raise their hand and say, um, excuse me, Congress, they are, there's a lot of shit missing from these files that they then that person could get subpoenaed and they say, well, come on up and tell us what that is.
Starting point is 00:17:43 Let's talk about it. Let's talk about it. Let's talk about it. What did the president know and when did he know it that you know see and that's where like this is not like they haven't really shut the gates at every for every possible eventuality and i think the other thing that's really interesting is like what was exactly the play here because suddenly right they were like everybody's on board let's get this thing through i think the easy idea or easy conclusion to draw is they're just going to redact everything and that's how they're going to get through it but it feels like the way mike johnson was talking and his reaction to to thune in the senate just pushing it through was that they were maybe going to stall this
Starting point is 00:18:20 by amending it back and forth and that was the way to maybe like exhaust the public's curiosity and there's a lot of work to be done on this uh, I'm sorry, what? Oh, Mr. Speaker Johnson,
Starting point is 00:18:32 they've actually already passed. Oh, fuck. No, no. I just, I literally just handed it to them. What do you mean?
Starting point is 00:18:38 I just told some wealthy pedos, I'm sorry, donors that their evil secrets would be kept secret. I'm fucking cook. in this situation. So I don't know what the is, but I mean, I think one of the big reasons that people suspect this is
Starting point is 00:18:56 going so fast as one, people have lost faith in Trump's ability to like win them elections in the Republican party. Yeah. And two, this is the most like bipartisan popular legislation like ever.
Starting point is 00:19:12 Everyone's just like, yep. Yeah, no, it's like 80% of us. We just want to see what. Just one guy in the house. Yeah, yeah. Damn. Imagine deciding to be that guy. Bro, yeah. I hope it all comes out and that his whole family has to change their last name because they're like... I know. Jesus. All right. Let's take a quick break. We'll be right back. A decade ago, I was on the trail of one of the country's most elusive serial killers. But it wasn't until 2023 when he was finally caught. The answers were there, hidden in plain sight.
Starting point is 00:19:45 So why did it take so long to catch him? I'm Josh Zeman, and this is Monster, hunting the Long Island serial killer, the investigation into the most notorious killer in New York, since the son of Sam, available now. Listen for free on the IHeart Radio app, Apple Podcasts, wherever you get your podcasts. On the podcast Health Stuff, we are tackling all the health questions that keep you up at night. Yes, I'm Dr. Priyanka Wally, a double board certified physician. And I'm Hurricane Dibolu, a comedian and someone who once Googled, do I have scurvy at 3 a.m.
Starting point is 00:20:19 On health stuff, we're talking about health in a different way. It's not only about what we can do to improve our health, but also what our health says about us and the way we're living. Like our episode where we look at diabetes. In the United States, I mean, 50% of Americans are pre-diabetic. How preventable is type 2? Extremely. Or our in-depth analysis of how incredible mangoes are.
Starting point is 00:20:45 Oh, it's hard to explain. Explain to the rest of the world that, like, your mangoes are fine because mangoes are incredible, but like, you don't even know. You don't know. You don't know. It's going to be a fun ride. So tune in. Listen to health stuff on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. The Big Take podcast from Bloomberg News dives deep into one big global business story every weekday.
Starting point is 00:21:12 A shutdown means we don't get the data, but it also means for President Trump that there's, There's no chance of bad news on the labor market. What does a bacon, egg, and cheese sandwich reveal about the economy? Our breakfast foods are consistent consumer staples, and so they sort of become outsize indicators of inflation. What's behind Elon Musk's trillion dollar payout? There's a sort of concerted effort to message that Musk is coming back. He's putting politics aside.
Starting point is 00:21:41 He's left the White House. And what can the PCE tell you that the CPI can't? CPI tries to measure out-of-pocket costs that consumers are paying for things, whereas the PCE index that the Fed targets is a little bit broader of a measure. Listen to the big take from Bloomberg News every weekday afternoon on the IHeart radio app, Apple Podcasts, or wherever you get your podcasts. I'm Robert Smith, and this is Jacob Goldstein, and we used to host a show called Planet Money. And now we're back making this new podcast called Business History,
Starting point is 00:22:15 about the best ideas and people and businesses in history. And some of the worst people, horrible ideas and destructive companies in the history of business. Having a genius idea without a need for it is nothing. It's like not having it at all. It's a very simple, elegant lesson. Make something people want. First episode, how Southwest Airlines use cheap seats and free whiskey to fight its way into the airline business. The most Texas story ever.
Starting point is 00:22:44 There's a lot of mavericks in that story. We're going to have mavericks on the show. We're going to have plenty of robber barons. So many robber barons. And you know what? They're not all bad. And we'll talk about some of the classic great moments of famous business geniuses, along with some of the darker moments that often get overlooked.
Starting point is 00:22:59 Like Thomas Edison and the electric chair. Listen to business history on the Iheart radio app, Apple Podcasts, or wherever you get your podcast. And we're back. Back. I've got some travel plans coming up, and I feel like this story is going to fuck me a little bit. Where are you? Okay.
Starting point is 00:23:24 So, Miles, you know I'm a royal watcher. I know I love nothing more than Prince Charles. And the Kansas City Royals. I remember. And you're a dyed tattoo on your back next to George Brett holding hands. I saw these amazing stories about what looked to be the most delight. and charming a little Christmas market over in the
Starting point is 00:23:50 UK Christmas markets are like definitely a thing that happens over there I've been told from love actually Um, exactly and documentary they it they they should want it's fucking literally Buckingham Palace. Yeah literally mate booking and palace
Starting point is 00:24:07 The palace is four court which you just set up a big market there. Big tree lights that defy all known laws of physics and gravity. You're being held up by a helicopter based on what I can see in this picture. By an angel, Jack. The angel of Princess Diana herself is holding up these lights.
Starting point is 00:24:26 If I had thought about it a little more, I would have noticed that there's a tree that would make it impossible for you to actually go shopping because it takes up the entirety of one of the main row. Yeah. And people seem to be just like
Starting point is 00:24:40 emerging from the tree. Yeah. But I bought those tickets. You bought tickets. Everything I saw for that was that it was a free event. No, I bought tickets to fly to London to get in on that sweet little Christmas market action. I was going to open a booth of my own. Jack, this is going to be humiliating since we're always talking about being on the lookout for AI slop. Had some cool T-I-slop t-shirts about Prince Charles's sexy sausage fingers.
Starting point is 00:25:08 Ooh, those things are swollen, baby. We love them. I mean, I should have remembered that fingers were not a. strong suit of AI because it's pretty fucked up looking. Yeah. So the long intro of it is there was a fake Buckingham Palace Christmas market
Starting point is 00:25:26 thing happening with AI slop that a lot of people bought into to the point that people fucking showed up at the gates and were like what we're the fuck's the Christmas market and the palace cars like what in the fuck are you talking
Starting point is 00:25:42 about? You can't just come into, it's not fucking Macy's bro. This is Buckingham Palace. What do you? You don't just pull up because you're going to buy a fucking Labu-Boo Christmas tree topper here. That's not what we're fucking selling. So it causes this whole thing.
Starting point is 00:25:58 They're disappointed, Royal Watchers, royalists who are like, oh, what are we going to do? It's an empty lot. And then, again, surprise motherfucker, it's AI. Surprise, motherfucker. Surprise, motherfucker. It's AI. And you just got doked by docks.
Starting point is 00:26:14 So this has been, apparently, this is, it makes sense. This is like a trend with AI slop is convincing people about like tourist attractions that don't fucking exist. Yeah. Another thing, there's a piece in the Guardian talking about how in Malaysia, there were some people who thought they could ride a cable car that didn't exist because they saw completely AI generated news report about this cable car. And they're like, we're here for the cable car. And they're like, what? What? No. Go away. There's no fucking cable car here. And in the Netherlands, like the official tourism website of the Netherlands is like, oh, guys, we've got a problem. A ton of people think Holland, the Netherlands exists in a way that does not, where people are like, it's a windmill on a canal surrounded by tulips. I want to go to the trapper keeper art. It's like a trapper keeper art of the Netherlands. Yeah, if Lisa Frank started doing
Starting point is 00:27:12 impressionism, it's kind of like what these images look like. But again, AI slop. The reason I live in L.A. is because of those trapper keepers of Malibu, where it's just like dolphins jumping out of waves with like neon sunsets.
Starting point is 00:27:28 And a floating pyramid. Yeah. Above the water. Yeah. Why is she the most influential artist on AI? I was like, oh, good art. Yeah. I got you covered. We're just going to go Lisa Frank on that ass.
Starting point is 00:27:42 There's also a drama in the real world of AI on Wall Street. People are bracing for Nvidia's latest earnings report. This is the company that makes the chips that power AI has basically been propping up the entire stock market for the past. Yeah, yeah. It's like a big percentage of the value of the stock market currently is just this one company and people for a while now have been like squinting at all the AI numbers being like this seems not good. First of all, there's there's less transparency than we would typically
Starting point is 00:28:21 ask for from our, you know, just any other company. When you take a step back, you notice that all of the incoming investment is coming from companies that they're also investing in. So there's just this, like, big AI company circle jerk of investments happening back and forth between each other, which, I mean, that's not impossible. Like, people have pointed out that the aeronautics industry in the 50s, like, when that was first becoming a thing, like, there were only five companies and, like, they were investing in each other. But now, like, Palantir's had slower earnings and a bunch of big investors sold off their Nvidia holdings. And so there's just like this big pivot point of the stock market and, like, rich people's money that's about to happen when
Starting point is 00:29:08 Nvidia at the end of today, Wednesday at the closing bell, they're going to reveal their latest earnings reports. And there seems to be some shakiness in the world of AI. I mentioned yesterday that Ed Zittron has been doing some really good reporting with the financial times about how the financial model it's built on, that it will, like, get less. expensive and energy intensive over time is basically like kind of confirmed not true at this point like it's just staying expensive and so you're continuing to have to like someone has to pay for the computer to make this cool trapper keeper art that fools old people into traveling to the netherlands yeah there's so many issues like right now right like the development of
Starting point is 00:29:57 a i especially in the u.s has hit a wall infrastructurally too like there's no capacity there's no more capacity for like the you know the the energy bills are a part and parcel of use of like data centers in the u.s that's why electricity bills are getting higher because also they have to invest in a better grid to make this like fantasy data center u.s thing come to life yeah spending ends up in our bills because like well we got we're having to improve shit for AI you know make our grid better for this it's like what's going to end up happening is they're going to get bailed out like the banks basically and like the government is going to be like we need to invest in AI to keep up with China and therefore you guys are actually going to pay for this.
Starting point is 00:30:39 We are. We already are and you already know they're going to get bailed out because aside from the oligarchy of it all, all of those tech people, if you think about the Microsoft meta, Amazon, open AI, some of the biggest fucking spenders in this sector, they're cozying up because, of course, they're going to be like, we fucking lost our shirts on AI because we fucking lost our minds thinking this was the next thing. And everybody is in a fucking dick measuring contest with each other. That's a publicly traded company. So they had to say they were using AI or the stock number go down.
Starting point is 00:31:17 And yeah, they're probably going to be like, because you think about the dot com bubble when that burst. I think NASDAQ lost like fucking 80% of its value. Fucking one go. So, you know, that's a lot of money. And globally, easily over $1 trillion has been spent in this fucking AI race that. Yeah, they're going to find a way to like the, you know, they say that the stock market is mainly comprised of like the top, you know, 10% of wealthy people, like people with wealth. Like they're going to find a way to pass those losses down to us and everybody else in America, you know? Oh, yeah, yeah, yeah.
Starting point is 00:31:55 Definitely how it's going to end up happening. but I feel like people need to understand that that's what's happening. And I think 2008 prepared everybody for that fact. People now, right, in hindsight, or like, they bailed out Wall Street. At the time, I think most people were like, I don't know, maybe that's good that they did. Right. You know, it didn't have to do it. You got to do it.
Starting point is 00:32:17 It's the economy. Right. And now it's like, I think people need to realize the fucking people who invested all this money, let them hold that fucking hell. they need to. That's obviously not how America works because we have corporate socialism here. But I think knowing that as it's happening is really going to be important for people to really understand what the patterns are of this country, which is you're going to get into situations like this and the government will be more than willing to bail out these other
Starting point is 00:32:45 oligarchs because they also have a hand in propping up the government in their own unique ways. I love this quote from The Guardian. The market for the first time is questioning whether the hype will turn into reality. Bob Elliott, CIO at asset management firm, unlimited funds, told CNN. How is this the first time you're questioning a product that requires insane resources to do very little of value? That's basically a toy for shit posters. There are cool things that you could do with AI for science and stuff and for doctors and stuff like that. But that's not what it's being marketed to show off the fact that it's a cool toy for shit poster.
Starting point is 00:33:25 but, of course, this is a guy who works for a company named Unlimited Funds. Yeah. Wait, he doesn't have a-City code. He doesn't have a good grasp of reality? Yeah, I mean, they're even saying like Bain, Cap, like, just all the huge investment firms are saying things like, for AI scaling trend to continue, they need $2 trillion in new revenue. Yeah.
Starting point is 00:33:49 They're like, that's what it's going to be. Barely at $200 billion. Like, yeah. The tariffs will probably cover it, right? Yeah, as we learned. That's why hearing Sundar Pichai of Google be like, I mean, everyone's going to feel it if this thing pops. Yeah. Like you basically, these people have now put the economy, are holding the economy hostage.
Starting point is 00:34:08 Yeah. Give me my bail off. No, it's going to fuck people's 401Ks for sure. Like, everybody is going to feel it. And all the companies that have invested in this. Like, I think about people like that work at other companies that are like, they're like, man, they're going so hard on AI at my company. Every company is doing that shit. Yeah.
Starting point is 00:34:24 Yeah, yeah. Like to the point, though, like where they're making critical, like crucial investments, like staking their businesses on it, you're like, God, Jesus Christ. And it's all because analysts are like, what are they doing with AI? Right. What are you doing with AI? And, you know, we always talk about how these publicly traded companies, they all have to copy each other to keep up with each other. Same way when a company does layoffs, they all have to do layoffs. What are these people who don't know shit about our company going to think of our company?
Starting point is 00:34:50 Yeah. We better just like have some narrative that says we're doing AI. All right. Those are some of the things that are trending on this Wednesday, November 19th. We are back tomorrow with a whole last episode of the show. Until then, be kind to each other. Be kind to yourselves. Get your vaccines. Well, you still can. Get your flu shots. Don't do nothing about white supremacy. And we will talk to y'all tomorrow. Bye.
Starting point is 00:35:14 Bye. The Daily Zykeyes is executive produced by Catherine Law. Co-produced by Bay Wang. Co-produced by Victor Wright. Co-written by J.M. McNabb. and edited and engineered by Brian Jeffries. A decade ago, I was on the trail of one of the country's most elusive serial killers, but it wasn't until 2023 when he was finally caught.
Starting point is 00:35:43 The answers were there, hidden in plain sight. So why did it take so long to catch him? I'm Josh Zeman, and this is Monster, hunting the Long Island serial killer, The investigation into the most notorious killer in New York, since the son of Sam, available now. Listen for free on the IHeart Radio app, Apple Podcasts, wherever you get your podcasts. On the podcast Health Stuff, we are tackling all the health questions that keep you up at night. I'm Dr. Priyanka Wally, a double board certified physician. And I'm Hurricane Dabolu, a comedian and someone who once Googled, Do I Have Scurvy at 3am?
Starting point is 00:36:18 And on our show, we're talking about health in a different way. Like our episode where we look at diabetes. In the United States, I mean, 50% of Americans are pre-diabetic. How preventable is type 2? Extremely. Listen to health stuff on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. I'm Robert Smith, and this is Jacob Goldstein, and we used to host a show called Planet Money. And now we're back making this new podcast called Business History about the best ideas and people and businesses in
Starting point is 00:36:50 history and some of the worst people, horrible ideas and destructive companies in the history of business. First episode, how Southwest Airlines use cheap seats and free whiskey to fight its way into the airlines. The most Texas story ever. Listen to business history on the IHeart Radio app, Apple podcasts, or wherever you get your podcasts. What do you get when you mix 1950s Hollywood, a Cuban musician with a dream, and one of the most iconic it comes of all time? You get Desi Arness. On the podcast star in Desi Arnais. in Wilmer Valderama, I'll take you in a journey to Desi's life, how he redefined American television and what that meant for all of us watching from the sidelines, waiting for a face like hours on screen. Listen to starring Desi Arnaz and Wilmer Valderrama on the IHeart Radio app, Apple Podcasts, or wherever you get your podcast. This is an IHeart podcast.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.