Raging Moderates: Trump’s Trade Win or Spin?

Did Trump really negotiate a trade deal with the European Union? Or was the whole thing just a delay tactic? Scott and Jessica talk through the politics of the U. S./E. U. tariff talks, and analyze Trump’s “zero-sum” approach to our allies and partners. Plus — the shifting sentiments on Israel’s culpability in Gaza, gender equity and economics in the dating scene, and… are we still talking about Jeffrey Epstein? Follow Jessica Tarlov, @JessicaTarlov. Follow Prof G, @profgalloway. Follow Raging Moderates, @RagingModeratesPod. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:01Scott Galloway?

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• 0:48Speaker 01

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• 1:19Speaker 02

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• 1:51Scott Galloway?

  Welcome to Raging Moderates. I'm Scott Galloway.

• 1:53Jessica Tarlov?

  And I'm Jessica Tarlov.

• 1:55Scott Galloway?

  Jess, we need to talk about your blouse. Is this the Real Housewives of Tribeca? What's going on here?

• 2:01Jessica Tarlov?

  I am like luau chic for the day. I think it's gonna be like 98 degrees. I had to do camp drop off. So Brian got this for me. It's actually, I mean, I don't want to like defend it if you just don't like it.

• 2:14Scott Galloway?

  I do like it.

• 2:14Jessica Tarlov?

  It's a very nice dress, actually. And it's flouncy, which is good for breathability in the heat. But I don't know how often you buy your partner clothes. But Brian relentlessly buys me oversized clothes. And I don't know what that's about.

• 2:32Scott Galloway?

  Oversized clothes?

• 2:33Jessica Tarlov?

  He likes a big, flowy dress. So here we are in the heat in a big, flowy dress.

• 2:38Scott Galloway?

  A 6'4 handsome guy that's really into buying his partner clothes. This guy's dreaming.

• 2:43Jessica Tarlov?

  I mean, I did well, especially, you know, for our later in life pickup.

• 2:47Scott Galloway?

  Later in life? You're still pretty young. I love that later in life.

• 2:50Jessica Tarlov?

  How are you?

• 2:51Scott Galloway?

  I'm good. I too enjoy women's clothes. I buy, I buy shoes. I'm definitely.

• 2:57Jessica Tarlov?

  You're a shoe guy.

• 2:58Scott Galloway?

  I am. As my ex-wife said, gay by day, straight by night. I love women's clothes and fashion. And no, you look lovely. I didn't mean to imply anything otherwise.

• 3:08Jessica Tarlov?

  No, it's a, it's a bold print, to say the least. Like, you couldn't wear this on cable. But because I'm a podcaster in the morning, I can wear this to come and record.

• 3:17Scott Galloway?

  If you showed up like that, you'd look like.

• 3:19Jessica Tarlov?

  Oh, straight out the door.

• 3:20Scott Galloway?

  You'd look like the Democrat who's just back from, you know, sitting under a weighted blanket complaining into TikTok before her ayahuasca trip. And they just brought you on to make the other conservatives look smart. Yeah, you can't show up with that.

• 3:32Jessica Tarlov?

  No. I'll be wearing a plain colored pantsuit by the end of the day. Don't you worry.

• 3:36Scott Galloway?

  There you go. In today's episode of Raging Moderates, we're discussing Trump's deal with the European Union, the mass starvation crisis in Gaza, and if Trump will pardon Ghislaine Maxwell. Ghislaine, Ghislani, Ghislaine. It's Ghislaine, is that right?

• 3:51Jessica Tarlov?

  Ghislaine. Yeah, I think so. Not that I care that much about getting her name right, but yes.

• 3:55Scott Galloway?

  All right, let's bust right into it. After months of threats, walk backs, and last minute meetings, Trump says he struck a trade deal with the European Union. Standing next, the EU Commission President at his golf course in Scotland, of course, Trump unveiled a framework agreement that includes a 15% tariff on most EU imports, cars, medicine, semiconductors. And in return, the EU has committed to buying hundreds of billions in US energy and defense equipment. Trump calling it the biggest deal ever made. I'm not sure if like, maybe the Marshall Plan, or. The Treaty of Versailles. But anyways, although the details are still murky, what's clear is that this move avoids what could have been a major transatlantic trade war, especially with a Friday deadline looming to slap 30% tariffs on EU goods.

• 4:39Scott Galloway?

  But the new 15% rate is still a big jump from the previous 10%. And some countries, including France and Germany, aren't exactly popping champagne. Jess, what is your overall takeaway from this deal? It's not even a deal, this framework, let's say that, but this framework.

• 4:55Jessica Tarlov?

  Well, that is the takeaway. And I know that the motto for the administration is supposed to be MAGA, right? Make America Great Again. But I think it could shift to the details are still murky.

• 5:06Scott Galloway?

  Yeah.

• 5:06Jessica Tarlov?

  Because that's what you hear about every single trade agreement that has been floated. And I wanted to talk to you, and I know that you've spoken on your other pods about this, but we haven't yet on Raging Moderates. You know, this conversation that's going on now about why the economy is still chugging along, that we were expecting end of days situation. We're basically business as usual-ish, right? Like, the market is unbothered by this. I know that we had the whole taco theme in conversation. I think that that is applicable to what's going on. The Wall Street Journal had a great chart about what was promised, right? What he said would happen on Liberation Day and then what has actually been executed.

• 5:47Jessica Tarlov?

  And that he is 166 tariff letters short of what he said he was going to send by this Friday, August 1st. I think he's only sent 25 at this point. But can you break down why you think it is that everything? I wouldn't say that it's fine, because we have seen a lot of enormous companies report billions of dollars of losses, especially in car manufacturing. Walmart with the headlines, they're raising prices up to 51%. But why do you think that the market and the economy has been, I guess, more resilient than you would expect in the face of the damage that the Trump team has at least been promising to bring?

• 6:26Scott Galloway?

  So I've said for a long time that I think two of the most damaging metrics in the Western economy are the Dow and the Nasdaq, because they give us sometimes cold comfort that the economy is doing well, or that people are doing well. 10% conservatively of Americans own 90% of the stocks. 50 to 90% own the other 10% and the bottom 50 just have debt. So essentially, the Nasdaq and the Dow have become not indices on the economy. They've become indices on the economic well-being of the wealthiest Americans. And shocker, the wealthiest Americans keep hitting 17 new highs so far this year. They're killing it. And I worry that we're studying to the wrong test. And that is, we believe that because the Nasdaq is up, that everything is fine.

• 7:11Scott Galloway?

  And what you effectively have in the global markets right now is that 50 to 55% of global market capitalization is represented by the S and P 500 or by US publicly traded stocks, which is just incredible when you think about it. And then if you add in debt, the way you value a company is you say, what is the equity value of the market capitalization, which is the price of the share times the number of outstanding shares. So if a company has a million outstanding shares and it's trading at 100 bucks a share, okay, it's got equity value of 100 million. But if it's got debt of $30 million on some plans, property, office space, then technically you're saying the enterprise value is the market cap plus the debt, 130 million. Because the market's saying, even though it owes 30 million, it's worth 100 million more. So we're saying this company is worth 130 million.

• 7:55Scott Galloway?

  If you add in debt of American companies, the total enterprise value of US companies represents 70% of the enterprise value of every company in the world. So effectively, if someone came to you, Jess, and said, all right, Jess, you can own every company in America for $70, or you can own every company in the world that's not in America for $30, which would you choose?

• 8:19Jessica Tarlov?

  Wait, oh, actually?

• 8:21Scott Galloway?

  Yeah, you can either own every American company for $70, or you can own every company that's not in America, China, Brazil, every company in Europe.

• 8:28Jessica Tarlov?

  Sorry, I thought it was rhetorical, the second option, right?

• 8:31Scott Galloway?

  Yeah, I would argue that's a better deal.

• 8:34Jessica Tarlov?

  Yeah, okay.

• 8:35Scott Galloway?

  Well done.

• 8:36Jessica Tarlov?

  Sorry, no, I thought it was one of those like-

• 8:38Scott Galloway?

  You turn the same color as your blouse in about three seconds.

• 8:41Jessica Tarlov?

  That's like 80 different colors. I didn't know if I was getting like a Scott Galloway TED Talk thing, like, come on, you idiot, or it was actually-

• 8:48Scott Galloway?

  Where I ask questions, but I don't want an answer. I just want to talk to myself.

• 8:52Jessica Tarlov?

  Well, that happens sometimes.

• 8:53Scott Galloway?

  That happens a lot. I'm guilty. Anyways, you're right. You're correct. Ding ding ding, you advanced to the lightning round. So, American stocks are just quote unquote conservatively fully valued, and a lot of people would say massively overvalued. And of the stock market that represents 50% of the total market cap of the entire world, 40% of that value is represented in just seven companies. And of those seven companies, they are basically being driven by the promise and unbelievable performance so far and the understandable excitement around AI. So AI is not subject to tariffs. AI just churns on. Trump just announced basically that his new quote-unquote AI regulation is no regulation

• 9:37Scott Galloway?

  and says that AI can crawl this podcast or your books or your TV shows or recreate a Rihanna song. And there's not a lot of recourse from the artist. It's basically a giant transfer of value, as I read it, from New York and LA and the creative community to his buddies in Silicon Valley. So the economy grinds on. When I got off of Twitter, what struck me was, one, I didn't miss it, and, two, how small a world it is, that it's a small number of very vocal people in the chattering class. I didn't miss any economic opportunities. I didn't miss out on any information. All that happened was my mental health got a lot healthier. And what I think we're seeing with the Trump administration and generally in government

• 10:18Scott Galloway?

  is that the economy grinds on and that maybe these policies don't have as big an effect. And also because of the taco effect where people don't believe Trump anymore, the economy kind of grinds on. If you look at the real economy, Consumer Price Index that recently came out, there's something in it for everybody. What do I mean by that? Catastrophists like me who don't like Trump look at the more inflationary subject items and they are starting to spike. Okay, that's evidence that inflation is starting to kind of register or get traction. And it was going to take six to nine months as it worked through the supply chain. General Motors just announced a billion-dollar reduction in profits and they squarely blamed it, as did Stellantis, on tariffs. So you're starting to see the tariffs kick in.

• 11:00Scott Galloway?

  But at the same time, inflation was only about 2.7% and the majority of the world would pray for 2.7%. So, and to be clear, the markets went down and then have ripped back. It looks as if the markets are doing one of two things. They're either saying these tariffs are not that bad, the economy grinds on. You, Scott Gallow and other people, you're catastrophists and there was no reason to be this worried. Or quite frankly, the markets in these companies, specifically AI companies, who are immune to this are just fine. But the real economy, the stress on families, supposedly this EU deal is going to result in about $2,000 in incremental costs for American households.

• 11:41Scott Galloway?

  So I worry more generally that we are studying to the wrong test. I would love to see a mental health index. I would love to see the number of people, the index around self-harm among teens. I would love to see an obesity index. Most people can tell you where the Dow or the Nasdaq is approximately, but they can't tell you that, oh, 70% of Americans are obese or overweight and that, you know, X% of households are single parent. I feel as if we're tracking the wrong metrics. But of the metrics we track, the companies being largely driven by AI continue to march on and the underlying economy is showing signs of strain from the tariffs, but it really hasn't shown up yet. There's nowhere near the catastrophe that people like me were predicting.

• 12:26Scott Galloway?

  Did I, did that help?

• 12:28Jessica Tarlov?

  No, it definitely did help because there was something for everyone in there. And you admitted the potential that what we were talking about on Liberation Day and for the month afterwards may not come to fruition and that a lot of people may have had an unnecessary meltdown, but that, you know, we don't know what this will look like in two to three months. And there are a lot of very smart people who are the heads of these companies, the other great businessmen and businesswomen who are saying that they can't even do their Q2, Q3, Q4 predictions because we live in perpetual chaos. And that is not the job of the commander in chief. It's one thing to say, I want someone to come in and shake up the status quo. It's another thing to say, I want someone to come in and make it impossible for me to run my business effectively.

• 13:13Jessica Tarlov?

  And we're not even talking about the impact. Of the immigration policy on running these businesses effectively, which is absolutely massive. But you're seeing this break between what the average person, the everyday Americans are feeling and what the talking heads are saying, whether they're catastrophizing or saying he's God's gift, which is what it looked like on CNBC yesterday. I think Jim Cramer even cursed on air. He was so excited about this EU deal. But the American public has been beating a consistent drum about tariffs, saying there are tax on Americans, that they disapprove of how Trump is handling it. You know, 60% disapproval. You were right, the Yale Budget Lab are the ones that's saying this can be about 2,000 extra dollars per household.

• 13:57Jessica Tarlov?

  And Donald Trump really showed his hand with this idea now. Did you see that he's floating rebate checks?

• 14:03Scott Galloway?

  I didn't see that.

• 14:04Jessica Tarlov?

  Like, he realizes that he needs a good PR stunt, like the COVID checks, right? Where he put his signature on something and sent it to them. So they're talking about $600 rebate checks. Josh Hawley, our favorite flip-flopper, wants to get in on it because he knows that that's the only way he'll be able to run as an economic populist, if he undoes the damage that his votes do all the time by rewarding you with something. And there's just no way that Donald Trump would be talking about a rebate check unless he was doing something to screw over the American public. It's just impossible. And so when I get that $20 billion in revenues floated to me, and I heard it yesterday on the Five, I said, well, what's up with the rebate checks then? Right? Why is there a direct correlation between us, quote unquote, doing well and us having

• 14:49Jessica Tarlov?

  to say to the American public, oh, don't worry, we're going to figure this out for you? And because it's early stages, $600 would feel like a lot to people when you get up to $2,000 and then factoring in also the premium hikes that you're going to have from your health insurance deductibles going up and then, you know, after the 2026 midterms that you're just going to lose your healthcare generally, they're going to owe people a lot more than that. One thing that I was thinking about with the EU deal and the French and the Germans in particular have come out absolutely fuming at the European Commission for accepting this is we now live in a world where what's good for us has to be bad for the people that we do business with.

• 15:30Scott Galloway?

  Yeah, zero sum, that's right.

• 15:32Jessica Tarlov?

  And there's something so, I mean, the cruelty is the point, right? There's no bigger or more apt truism about this administration because you hear Donald Trump out there saying this is, you know, the biggest deal and this is the best deal that could have ever been imagined. By the way, the deal that we had, which was, you know, 1%, that seems a lot better than 15%, which is what we're going to be paying. But there's something about stomping on the economic graves of people who have been great allies with us, who have been great trade partners with us, that feels so short sighted and low and crass. And I just can't get used to it. You know, the scene of him sitting with, I always mispronounce her name, Ursula Van Leen, Leen?

• 16:16Scott Galloway?

  Yeah, her.

• 16:17Jessica Tarlov?

  And just barking at her about how good it's going to be. And you can see the abject terror in her eyes because she knows not only does she have to make an economic deal, but also she has to protect NATO, which is being really under discussed in this because he showed up at the NATO summit, he got a 5% pledge from a lot of these countries. And the Europeans are having to do a very delicate dance to make sure that he doesn't pull out of NATO completely because he's pissed about whatever happens in his manufactured trade war.

• 16:47Scott Galloway?

  You touched on a lot of important points. So with respect to Ursula, I think it was less terror than it was disgust and disbelief that the greatest nation in the world decided that this village idiot should represent us. And, I mean, there's a few things here. One, your zero sum game analogy is a fundamental flaw in his approach to business. And it was like to try and turn this to a learning. Up until about the age of 40 or 45, I thought that business and capitalism was about, I get the better end of every deal, that I negotiate everything and if I can hire someone who's really good and pay them 150,000 and their market value is 200,000, I'm winning. And the moment I'm paying them above market, I'm losing and I need to have a conversation

• 17:32Scott Galloway?

  with them. And every time I talk to a vendor, every time I try to buy a car, everything. Trying to negotiate the best deal possible, hoping that the person on the other end is almost a little bit pissed off and disappointed because I got the better of them, that it was a win-win. And what you realize is that the amazing thing about capitalism is it's a construct. And Pat Connelly, one of my mentors, who was the CMO of Williamson Oma, one of my first engagements was to do Williamson Oma's internet strategy back in the 90s. And we wanted to charge him, I think, a quarter of a million dollars. And I called Pat and said, like, you're an amazing client. I need mastheads. I'm a 27-year-old running a strategy firm. We'll do this for 100 grand. He's like, no, we're going to pay you a quarter of a million dollars because we want our partners to do well. And that

• 18:14Scott Galloway?

  struck me, that this was a great company that had said, okay, our partners need to make money, too. We want good partners. We want them to thrive. And that slowly but surely started changing my mindset. And the ultimate pivot in geopolitics that recognized the opportunity for win-win as opposed to zero-sum game, is we said, we can't have Versailles again. We can't put the defeated armies in a box and bankrupt them because we're so fucking angry. And we took Germany, which had obviously unleashed horror on all of Europe. We took Japan, who, quite frankly, doesn't get the credit it deserves for butchering and brutalizing Asia and Southeast Asia through World War II. And we said, here's

• 18:56Scott Galloway?

  an idea. Let's flip the script. Let's massively invest. Let's borrow from American households, and let's rebuild them. And what do you know, Germany and Japan are now just such extraordinary allies, not only because they like us, but because, let's be honest, folks, Germany and Japan have outstanding cultures. You can level their countries, and within 20 or 30 years, they are back in an economic powerhouse. Whereas, the majority of the countries in the world can't get out of their own fucking way. This country can literally be decimated, either of these cultures, and they build back to be economic powerhouses. And now they are outstanding allies. That is the definition of capitalism, or the whole is greater than the sum of its parts. And Warren Buffett just said something really dramatic.

• 19:37Scott Galloway?

  He said, when kids, if you believe that your economic policies start extracting so much value from other nations that those kids starve, to believe- That our kids won't at some point be a threat from other starving kid. Look at the most unstable, violent nations in the world that are thinking about terror cells and how to bring down our buildings and kill our soldiers overseas. They have a disproportionate number of people who just aren't doing very well. And this is one of his fundamental flaws as he sees it as a win lose. I mean, a couple of things. One, right now, France and Germany are saying, if you look at this deal on its face, you have to give the Trump administration a win specifically on this deal, not on the philosophy of win lose, but it looks like they have the better end of this deal.

• 20:22Scott Galloway?

  According to analysts, if this framework becomes actual law, which it may not, this will reduce EU GDP by 0.5%. That is a big deal in a place that's hoping for 2% growth. That's a pretty big reduction.

• 20:36Speaker 02

  Yeah.

• 20:36Scott Galloway?

  The Prime Minister of France came out and said, this is a dark day. And it kind of goes to game theory, and that is when you're trying to organize 27 EU member nation states to an agreement, it is very difficult to speak with one loud stern voice. There is an advantage to being a United States. And then the other point you brought up really is, if you will, the elephant in the room. And it's the following, they're our largest trading partner. This is the largest trading relationship in the world. So getting back to business, getting on with it, trading again, letting businesses plan their business, knowing, okay, it's the devil, this deal is the devil, but it's the devil we know. We need to get back to work. That's a good thing.

• 21:17Scott Galloway?

  The elephant in the room also was that I do think that the EU or the US had this hammer that basically, I would imagine, part of this agreement is an informal or formal agreement to say, the US is going to continue to ship arms to Ukraine and defend

• 21:33Speaker 02

  Right.

• 21:33Scott Galloway?

  Europe against an invader. And two, stop this nonsense bullshit talk about potentially withdrawing from NATO.

• 21:41Scott Galloway?

  And Trump fans are correct in the sense that his reputation for being a little bit fucking crazy occasionally comes in handy sometimes. These nations were not going to increase their military budgets to the extent they're planning to under the Biden administration or Harris administration because they were never going to believe that our rich benign uncle was going to cut us off. They just didn't believe it and they kept not paying or not paying their fair share. So to his credit, you know, you are seeing a massive increase in military spending among European nations, which I think is good because they are, for the first time, believe it's a credible threat that he just might stop sending arms to Ukraine or supporting NATO.

• 22:17Jessica Tarlov?

  Yeah.

• 22:17Scott Galloway?

  And I think this was an attempt to ensure that continues, that continues to happen. And then just the final thing here, and I want to get your response, is there is a bit of a conspiracy theory or a Machiavellian play, and my co-host on profiting markets, Ed Elson, pointed this out, that they have no intention of doing any of this shit.

• 22:35Jessica Tarlov?

  Yep.

• 22:35Scott Galloway?

  They're just delaying 18 months until the midterms when there's a Democratic Congress. None of this shit, which arguably should have congressional approval, none of it goes through. And the EU has just basically said, let them put out a press release. And the most ridiculous part is they're planning to invest, you know, 600 billion.

• 22:55Jessica Tarlov?

  600 billion and then 750 billion into energy.

• 22:57Scott Galloway?

  How do you even measure that? What counts for that? That's just, that's just a big fucking number to put in his press release that he can say it's the biggest deal ever. And they may have said, okay, just tell the ugly fat kid he's good looking and that he's going to get to play on the varsity basketball team and we'll deal with him later because we have math and English and we want the class focused and getting back to their schoolwork. There's a theory that all of this, even the protest from Germany and France was planted and they're just saying, just placate this idiot and it's never going to happen. Your thoughts?

• 23:33Jessica Tarlov?

  I'm not mad at it. And certainly, once I read the pushback from the EU Commission where they said, none of this is a guarantee, it's our intention. I'm intentional about a lot of things. I've been meaning to work out. I am actually doing a juice cleanse right now, so if I get a little nasty, it's because I'm starving. But like, we all. Want to do things, right? I'm sure that you would love a world in which they could invest more in American-made, et cetera. But the truth of the matter is, is that they can't compel private companies. And everything that he wants shows his desire to be an authoritarian, right? He wants to live in a world where governments can push private companies to spend hundreds of billions of dollars. But guess what?

• 24:18Jessica Tarlov?

  They can't do that. They can say, oh, it would be nice if you did a little more of this. The same is true with the Japanese, who I love when you see the differences in the readouts and the Japanese have been some of the most transparent about it, where they just say, no, actually, that didn't happen. We couldn't even get a meeting.

• 24:33Scott Galloway?

  Yeah.

• 24:33Jessica Tarlov?

  Right?

• 24:34Scott Galloway?

  What?

• 24:34Jessica Tarlov?

  Or we showed up and they sent the lower level guy and we don't really know what's going on. And Japan said basically the same thing as the EU. There's no guarantee of any of this. We're glad that we're at the table. And if you keep him at the table, and if the table happens to be at his own golf club, even better. I mean, the optics of having this kind of summit at his personally owned golf club, which he continues to profit from throughout the course of the administration, his family getting richer and richer and richer as we go, is such a perfect summation or representation of what this administration is.

• 25:13Jessica Tarlov?

  It's just about him and personal profit and grift and ritual humiliation of other people who are much more qualified for their jobs and understand how the world works better. Now, I'm a bit of a Pollyanna in life. I know that I would not do as well in a boardroom as a shark necessarily like Donald Trump. And he does get a lot about human nature. I've turned into a Hobbesian on this. It's nasty, brutish and short.

• 25:43Scott Galloway?

  I think that was an infinitely female statement and you should stop that bullshit. You'd be outstanding in a boardroom and no man with a little dick and arrogance and Dunning Kruger. Whatever say that.

• 25:53Jessica Tarlov?

  Can I wear this?

• 25:54Scott Galloway?

  You're absolutely gonna be on boards and you're measured and you're smart. Anyways, I'm being sexist.

• 25:59Jessica Tarlov?

  No, but in the good way.

• 26:00Scott Galloway?

  Only thoughtful, self-aware women would make that statement. A guy would be like, I'd be great in a boardroom. I'd show those motherfuckers.

• 26:07Jessica Tarlov?

  Let me at them.

• 26:08Scott Galloway?

  Anyway, you'd be just fine in a boardroom.

• 26:10Jessica Tarlov?

  I, those stats about applying for jobs and what men see when they look at a job listing, if they're missing like 80% of the criteria, they're like, that's the job for me.

• 26:21Scott Galloway?

  I'm qualified.

• 26:21Jessica Tarlov?

  And the women see that they're missing maybe 10% and they're like, oh God, I gotta read.

• 26:26Scott Galloway?

  You know, the flip side of that, I'm going way off script here. That's somewhat of a negative is if you present women with a guy that has 80% of everything they want, 80% of them say that's not enough. If you present a guy with a woman who has 80% of what he wants, 80% say that's enough.

• 26:41Jessica Tarlov?

  Really?

• 26:42Scott Galloway?

  Women have a much, much higher bar than men. Different talk show, anyways.

• 26:47Jessica Tarlov?

  I mean, this is about human dynamics as well.

• 26:49Scott Galloway?

  There you go.

• 26:49Jessica Tarlov?

  And you know that if we could have a podcast only about dating dynamics and things like that, sign me up. I don't know if you've been noticing all these editorials in the New York Times about man keeping and how men are asking too much of their partners now because they don't have enough friends. So they're actually talking to women about their feelings, which I thought was the goal. Like all, my dream scenario is that Brian has no friends and has to talk to me about everything because I stay up later than he does and just want to talk all the time.

• 27:18Scott Galloway?

  Oh, you're an I person? You like to chat?

• 27:20Jessica Tarlov?

  Yeah, and he works market hours. So he's like, I'm going to sleep and you can watch The Hunting Club by yourself, which is just softcore porn. I don't know if you've seen it.

• 27:28Scott Galloway?

  I haven't. I'll watch it twice.

• 27:31Jessica Tarlov?

  This is so off track.

• 27:32Scott Galloway?

  I think we should explore this though, because I think it's super interesting. My TikTok or whatever it was that has kind of gone viral, it's so weird. You never know what's gonna go viral. But the latest one is one I did with this really talented podcaster named Liz Plank.

• 27:46Jessica Tarlov?

  Oh, yeah.

• 27:47Scott Galloway?

  And she does, it's kind of a dating thing. I went on it. No one wants to hear a guy my age talk about dating. It's very cringy, but I like her, so I went on. And I said, I think men should pay for everything initially in a relationship. And I just did the math. Okay, so women have a much shorter window for gestation. If you would like to have sex at some point, and that's the reason most men-

• 28:09Speaker 04

  Go on a date.

• 28:10Scott Galloway?

  Most men date the prospect of sex. In addition, the downside of sex is so much greater for women than men. The big point that it kind of punctures a myth is that men get more from relationships than women. If you look at the data, a man needs the guardrails and the emotional support of a relationship more than a woman. When a woman doesn't have a romantic relationship, she pours that energy into work and friends and can still have quite a nice life. When a man doesn't have a relationship, doesn't cohabitate, or isn't married by the time he's 30, there's a one in three chance he's going to be a substance abuser. He pours that additional energy into things like video games and porn and nationalism and blaming immigrants and blaming women. He just goes to a very dark place.

• 28:54Scott Galloway?

  Widowers are less happy than when they were married. Widows are happier after their husband dies. So the reality is, a woman's time, quite frankly, is just more valuable. The downside potential of sex on that date is much greater for her. And you are going to benefit more as the male from a potential relationship, which says to me that a means of establishing that you recognize the asymmetry and trying to compensate for that asymmetry and the fact that her time during her mating years is more valuable than yours as your window for mating, quite frankly, as a man is about 50 years versus, say, 20 for a woman-

• 29:35Speaker 04

  Crazy, yeah.

• 29:36Scott Galloway?

  Is, in my view, to start by paying. And what I tell my boys, and this sounds sexist and people are horrified, that when you're in the company of women, you pay for everything. And they're like, Dad, that's lame, that's boomer. And I'm like, yeah, maybe it is, but it's as old as time. Women are attracted to power and someone who can take care of their kids. And a way you show that you're serious about that is you make an economic sacrifice called paying for the date. And it exploded, and a lot of people agreed, and a lot of people disagreed and say, this is the patriarchy. You're trying to own us, dah dah dah. We don't want to owe you anything. And I'm like, that's not what I'm saying. But I still hold to that. I do think that that men should pay on dates.

• 30:20Scott Galloway?

  I don't know how we got here, Jess. Do you have anything else to say about the EU tariffs?

• 30:25Jessica Tarlov?

  I have something to say about men paying.

• 30:27Scott Galloway?

  Yeah.

• 30:28Jessica Tarlov?

  I agree with you and what I would say is that I think too many men think that the first date or early dates have to be this extravagance in terms of how much it costs. It just has to be thoughtful. So you should just live within your means. Like, a lot of my friends are doctors and they dated other doctors and no one is earning any decent money for the first kind of 15 years, right, of your life. But there are ways to have a great, cheap bowl of foe, for instance, and take someone to a restaurant that they may not have had on their radar or to do something thoughtful.

• 31:06Scott Galloway?

  Yeah.

• 31:06Jessica Tarlov?

  We want to laugh and have a good time and have a non-threatening sexual encounter. Not that difficult to figure out. So I'm totally with you and I think it is a nice gesture. And then you figure out your lives together. You figure out what, you know, who earns what and how to make this fair and equitable.

• 31:23Scott Galloway?

  That's right. I've said around dating, I'm like, it doesn't have to be fancy. It doesn't have to be nice. You don't want it to be fancy. Just what you said. But you, you need to take charge.

• 31:32Jessica Tarlov?

  Yeah.

• 31:32Scott Galloway?

  This is where we're going. It's not, well, what do you want to do? No, no, no, no, no. You are a player. You have an idea. You're going to take her somewhere fun. This is what we're doing. How does that sound? I'll pick you up at this time. But you're the dude. You take charge. You're in charge here. All the date needs to know is that she's going to have a great time, that you're polite, you're considerate, she can feel safe around you. But you take charge. The worst thing I think, in my opinion, well, what do you want to do? Well, fuck you. You're the dude. Figure it out. How are you going to take charge of our life and protect our children?

• 32:04Jessica Tarlov?

  And you have the rest of your life together to say every night, what do you want to eat?

• 32:08Scott Galloway?

  Yeah.

• 32:09Jessica Tarlov?

  That's all we do, right?

• 32:10Scott Galloway?

  That's right. What are we going to watch on Netflix? We need a show. What are we going to watch?

• 32:15Jessica Tarlov?

  Oh, you're asleep already? No big deal.

• 32:17Scott Galloway?

  There we go. All right, Jess. Let's take a quick break. Stay with us.

• 32:26Scott Galloway?

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• 33:10Scott Galloway?

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• 33:53Scott Galloway?

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• 34:36Scott Galloway?

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• 34:50Scott Galloway?

  Support for the show comes from Vanta. As AI adoption grows, so does your company's security risks and requirements. New frameworks, audits, and vendors keep piling on, but your team isn't getting any bigger. Most compliance tools promise automation, but you're really stuck doing all the work by hand, chasing screenshots, validating controls, and playing catch-up when audit season comes around again. Vanta works differently. The regentic trust platform is built to scale with you, not slow you down. With over 1,400 automated tests across 400-plus integrations, Vanta collects evidence and monitors your controls year-round, cutting your audit prep by 82%. Plus, you can access the Vanta agent everywhere you work, whether your team is in Vanta every day or living in tools including Claude or Cursor. Want proof?

• 35:35Scott Galloway?

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• 35:58Scott Galloway?

  Welcome back. It's been another week of devastating updates out of Gaza. Local health officials there say people are dying from mass starvation and malnutrition with the toll rising over the past week. This despite Israel's daily pauses in military operations, which haven't translated into meaningful relief. Roughly 100 aid trucks made it into Gaza over the weekend, but experts say that's a fraction of what's needed. In a policy shift, President Trump now says the US will open food centers in Gaza, even when as far as to say Israel has a lot of responsibility for limiting aid. A direct break from Netanyahu, who continues to deny there's any starvation happening at all. And in another sharp foreign policy turn, Trump announces shortening the deadline he gave Vladimir Putin to strike a peace deal with Ukraine.

• 36:41Scott Galloway?

  What was originally a 50-day window is now just 10 to 12 days. Yeah, good luck with that. Jess, Trump is now openly contradicting Netanyahu on starvation in Gaza. Is this political calculation or a genuine shift in how he plans to approach Israel?

• 36:57Jessica Tarlov?

  I think that it's both. And I've been... Eager to have this conversation with you for the last few weeks because I'm not sure if you're feeling what I'm feeling as an avowed Zionist. People are very supportive of Israel, but I feel like everything has changed.

• 37:16Speaker 04

  Mm hmm.

• 37:17Jessica Tarlov?

  And I don't know if my algorithm flipped because there were certainly people saying that Gazans were starving for a long time and I obviously knew that there were mass civilian casualties, but I was stuck on October 7th, which I think is important and a righteous place to be stuck and that control is in Hamas's hands. They could give back the hostages and we could end this. But considering who the players are and it's a terrorist organization and it's the Netanyahu government that I have been pushed to feel that there's no choice but to acknowledge

• 37:59Jessica Tarlov?

  that Israel is playing an important role in making the lives of these Palestinians absolutely untenable and impossible to carry on. You look at that just in the deaths and, you know, on a monthly basis, I think it was like 48 last month, 20 of them children. And since we've seen the shift to Israel administering the aid, the establishment of this Gaza humanitarian foundation, the reduction in aid that's getting into Gaza is 250,000 tons less from the last ceasefire. And that comes from the Wall Street Journal, right? This isn't coming from the Gaza Health Ministry. We need more independent monitors in there.

• 38:39Jessica Tarlov?

  We need the press to be allowed in and I feel like I'm going through a period of complete reevaluation of what I thought had been happening there the last 18 months. And it's heartbreaking for the Palestinians, for the Israelis, many of whom have been saying this themselves. And I feel like American supporters of Israel have, to some degree, just been having this bubbled conversation about the realities over there. And I don't know, it's not a mea culpa. I just, I feel really lost and so sad about what's going on and understanding

• 39:19Jessica Tarlov?

  why this sea change is happening. And I hope that President Trump keeps leaning into it and that we make it possible for everybody who needs to get food and aid to get it and that there is also some way to hold Bibi Netanyahu back because he is taking full advantage of every opportunity that he gets to bomb somebody else, to consolidate more power. And I'm just, I'm really sad.

• 39:50Scott Galloway?

  Yeah, it's, um, so I've been accused of whitewashing the situation in Gaza. So I just want to acknowledge some of the, some of the data here. Of the 74 malnutrition-related deaths that have occurred so far this year, 63 of them happened this month. This includes 24 children under the age of five, a child over five and 38 adults. About 20% of the children under five in Gaza are malnourished. So one in five kids. This month alone, over 5,000 children under five have been hospitalized from malnutrition. Since May 27th, more than 1,060 people have been killed and 7,200 injured while trying to access food. On Sunday, Netanyahu directly contradicted these reports. He said that there is no policy of starvation

• 40:30Scott Galloway?

  in Gaza and there's no starvation in Gaza, which doesn't seem to fit to the data. It's been 190 days since Trump was inaugurated. On the campaign trail, he repeatedly stated that he'd end the war on his first day in office. Obviously, that's not going to happen or about the same time the Ukraine war is going to end or inflation is going to come down. So when October the 7th happened, I was very comfortable and felt like I had decent moral clarity, going on a lot of talk shows. And as someone who's seen, I think, as a moderate and someone who's an atheist and doesn't have a huge amount of connection to Israel or Judaism, other than my mother was Jewish. And I feel as if I benefited a lot from Jewish culture. I was called on a lot to go on these shows and I felt very comfortable stating that, look,

• 41:15Scott Galloway?

  If you come in and butcher a nation with a superior military infrastructure and take the equivalent, you know, on a population adjusted basis, the population of the University of Texas, you butcher them the way they butchered them, and then you take the freshman class of SMU hostage and hide them under tunnels. The response that we would have levied on that nation would have been as or more severe. And I felt very comfortable stating that war is hell and they have invited a severe and warranted response. The problem for the diaspora now, and that is Jews overseas, including in America, and I'll lump myself into this group, is this is becoming increasingly difficult to justify or defend.

• 41:57Scott Galloway?

  And that is, I get the argument, well, okay, Hamas lays down their weapons and releases the hostages and it's over, but the reality is they're not going to, or they don't appear that they're going to. And Israel now appears to be engaged in a wag the dog situation where you have an individual, a prime minister who is effectively running to stay out of prison. If he loses the election, he may very well likely go to prison. And he realizes the only way he can rally people around him is to rally them around the flag and be in a constant war footing. And also, we need to distinguish the military operation against Iran and Hezbollah and what is going on in Gaza. I think there's different levels of legitimacy and justification for each of those things.

• 42:39Scott Galloway?

  What is happening now in Gaza is just near impossible for us to defend. And I have been an ardent defender of Israel. And the bottom line is, it just feels as if it's gone too far. And personally, I lay the majority of this at the feet of Hamas, who tried to inspire a multi-front war against Jews and Israel, who are committed to the extermination of the Jewish people, and invited a terrible response. But I also do lay some of it now at the feet of Trump. We are the only nation that can pull and bully and pressure Israel and Gulf states into what, in my opinion, should be happening right now, and that is a Pan-Arab and American

• 43:21Scott Galloway?

  security force that takes control of Gaza and opens supply routes for aid and begins to talk about a thoughtful plan for reconstruction and at least locks it down and stops the starvation. And I feel as if, yeah, it would have, should have, could have, but I feel if Biden were still in office or Harris were in office, I think we would be closer to that. I hope that Trump is sincere about his concern around Gaza and that he has a plan in place. But I think a multinational peacekeeping force in there ensuring people are getting aid and beginning the process of reconstruction, whether that involves a two-state solution, I don't know, but it a minimum stops the starvation. You know,

• 44:05Scott Galloway?

  it's time and there needs to be leadership. France is fed up. They've decided to recognize Palestine as a state.

• 44:12Jessica Tarlov?

  Yeah.

• 44:13Scott Galloway?

  And what people don't realize is there's hard power and soft power. And one of the stupid things about USAID cutting it off is that hard power is very expensive and rarely used. Soft power is actually a better ROI. Soft power, whether you think it's brand or philanthropy or foreign aid. The soft power and the perception of Israel around the world right now, it's a story of two brands. On one sense, they see what's happening in Gaza and Israel has gone in my lifetime from being the good guys to the bad guys. That's just the reality. That that is going to cost them in terms of aid, how people feel about them, et cetera. Their military strength and their unbelievable precise military operations, whether it's taking in Iran's air defenses or the pager operation, which took years to plan against Hezbollah. There's just no doubt about it. I think the states

• 44:58Scott Galloway?

  in the Gulf, just look at Israel and go, okay, love them or hate them, these guys come to play.

• 45:03Jessica Tarlov?

  Yeah.

• 45:04Scott Galloway?

  So, but what's happening in Gaza, I think it's become near impossible for Jews,

• 45:12Scott Galloway?

  I'm not sure I've earned the right to call myself a Jew, a Zionist, to defend Israel. It's just gone too far.

• 45:19Jessica Tarlov?

  I agree with all of it, and I would just say that the military precision of, you know, Project Grim Beeper, the Iranian strikes, that is, to some degree, a champagne story, right? That's people who are sitting around and have the time to talk about it. Mm-hmm. When they see starving children, that's a regular person problem. Yeah. And you look so out of touch when you do talk about those kinds of operations, which I think left the world a safer place. And I think it's important and, you know, you need to talk about the alliances in the region and what is the potential for a second round of the Abraham Accords, which I think were an incredible achievement of the first

• 46:01Jessica Tarlov?

  administration. But you show someone the back of a kid, the one from the New York Times story, that's all that they see and that's all that matters. Yeah. Because we know if you don't have food, you can't function. And shame on anyone who's saying, well, that kid had genetic abnormalities on top of it. He also has no food. Yeah. And there's no denying the fact that these people have no food. And Rastusat, who I always like, even though our politics aren't the same, wrote an op-ed over the weekend, How Israel's War Became Unjust. And this line really stuck out to me. "One can have a righteous cause. One's foe can be wicked and brutal and primarily responsible

• 46:45Jessica Tarlov?

  for the conflict's toll. And still, under any coherent theory of just war, there is an obligation to refrain from certain tactics if they create too much collateral damage, to mitigate certain predictable forms of civilian suffering, and to have a strategy that makes the war's outcome worth the cost." And that doesn't exist anymore. There is no strategy, and they have been admitting as much for up to a year, right? There are Israeli generals who have spoken out to say, this is not winnable. And that's the problem with an intractable war, right? That region, I hate to say it. No one is really going to figure it out. So you have to just get to a best case scenario. And I think that the one that you propose makes a lot of sense.

• 47:27Jessica Tarlov?

  And hopefully, Israel has garnered enough goodwill with other partners, or frankly, is important to them enough economically that they will help sort this out. More Arab states need to take refugees than they are. They have a thing against the Palestinians and they're going to have to get over it. And maybe this pushes us in the direction. But this inflection point you're seeing on every single level, the average defenders of Israel, my text messages are full of people who were unrelenting in this. You know, bring them home. This is Hamas's fault. Who are saying either that this actually is a genocide, which I am not comfortable using that terminology, but there are people who think a lot like me who are using it to, we have to be able to do more.

• 48:12Jessica Tarlov?

  The presidents of five Israeli universities sent a letter to Netanyahu, they've never done this before, about addressing the hunger crisis. Israeli human rights organizations now, two of them released reports calling it a genocide. That has never happened before that an Israeli organization has done that. I think also Netanyahu is not going to do it. But when you have people like Ben Gavir and Smotrich in your government, you are not acting as a good faith actor at that point. Like, these people that are saying that if 2 million people die, so what? We need to bring the Israeli hostages home. They are hurting your cause more than helping them, and they should be out.

• 48:53Jessica Tarlov?

  On Friday night, I was invited to a Shabbat dinner in Riverdale, here in the Bronx, and Richie Torres represents the district and he was there. And the conversation was around just this. You know, what's going on with Israel and Gaza? What's going on with our politics of this at home here? And there were a lot of very concerned Jews sitting around that table, saying that we are surely losing public opinion at this point. You know, Netanyahu is at record lows. Deservedly so, in my opinion, but within the Democratic Party, it's even more bleak. And you've seen Representative Torres, who, you know, we were lucky enough to have on the podcast,

• 49:38Jessica Tarlov?

  doing more and more interviews where he's saying this is unsustainable and that the damage done between the Netanyahu government and the modern day Democratic Party is irreparable at this point. And that's very concerning to me. There was an Israeli at the table, left wing guy, has lived here for a long time, but he was talking about the protests when Netanyahu tried to do the judicial overhaul. Remember, there were hundreds of thousands of people in the streets on a daily basis protesting against it. He said that there were moments actually where Israelis were wearing MAGA hats because they feel like Trump is the

• 50:18Jessica Tarlov?

  only person that can actually stand up to Netanyahu and that Biden would have been a lot more lax about this, that Kamala Harris would have been a lot more lax about this. And that story about Axios reported it, that after Netanyahu bombed Damascus for seemingly no reason last week, that Trump got on the phone and basically said, what the fuck are you doing? That that isn't a call that Biden would have necessarily made. And that stuck with me because those are liberal minded Israelis, right? Those are people who probably loved Obama, wanted Hillary to win, et cetera. And the imagery of seeing hundreds of thousands of Israelis sporting MAGA hats is something that sends, you know, a real shiver up my

• 51:01Jessica Tarlov?

  spine and almost indicates that there might not be time left for us to be able to repair this relationship. I'm saying this as a Democrat and to be able to do the right thing in Gaza.

• 51:16Scott Galloway?

  Yeah, I wonder if coming out of this, I believe Netanyahu is likely going to do more damage to Israel or has done more damage than Trump hopefully will do to America. One, on the front end, Netanyahu's deal with the Israeli public was always sort of this unwritten deal of. I'm violating the constitution. I'm not very democratic. You may not like me, but I'll keep you safe. Right?

• 51:38Jessica Tarlov?

  Like every strong man.

• 51:40Scott Galloway?

  Yeah, I'm a hard ass. I'll keep you safe. Well, the bottom line is he failed. I went to the Gaza envelope. I toured some of the affected kibbutzes. And the first thing you think, you look out over this field and across the field is Gaza is you think, how the fuck did they let this happen? Why were there not helicopter gunships here within about eight minutes? The day before, the Israeli listening service that tracks communications, registered that 1,500 Hamas fighters were changing their SIM cards. Why would they be doing that? And yet they were totally caught flat footed. So he failed in his promise to keep them safe.

• 52:22Scott Galloway?

  And then I believe there's just going to be a flow of ill will towards Israel and a flow of goodwill towards people who are looking to harm Israel because of his actions. I think he has been an absolute disaster for the well being of Israel, not only on the front end. He should be accountable. Golda Meir was brought into office because there was a reckoning and Israel's good at this. They're better at this than us of after the situation is addressed, having a reckoning and really looking hard at what happened and who should be responsible. That's actually what brought Golda Meir to power is the prime minister before her was held responsible for tactical errors.

• 53:03Scott Galloway?

  That's going to happen here. And quite frankly, the ramifications are probably that he's going to go to jail. Not for that, but for, you know, disassembling the Supreme Court and all sorts of other shit. But I just can't imagine anything that has been worse for Israel right now than Netanyahu. Anyways, with that, any closing thoughts before we move on, Jess?

• 53:24Jessica Tarlov?

  Just to say that the strongest argument for changing course on this has been actually returning to Jewish values and that it is not Jewish to be withholding aid from people in complete crisis and through no fault of their own. And Hamas is a evil terrorist organization that did one of the most unthinkable attacks in history, what they did on October 7th. And they hide amongst civilians. They don't care if they use as a human shield, schools, hospitals, it doesn't matter. But our Jewish values demand that we rise above

• 54:06Jessica Tarlov?

  and that we do the right thing here. And I'm glad to see that there are the beginnings of a policy change and I hope that that continues and that we see a world in which we can have a two-state solution. There's that Pollyanna again, but that people like Netanyahu and Ben Gavir are no longer in power.

• 54:28Scott Galloway?

  That's a good place to end it. Let's take a quick break. Stay with us.

• 54:37Speaker 02

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• 55:37Scott Galloway?

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• 56:45Scott Galloway?

  Welcome back. Before we go, we're going to check in on the never-ending Epstein saga because things escalated again last week. The Wall Street Journal reports that Trump was personally briefed that his name does in fact appear in the Epstein files. In response to growing backlash over how his administration is handling the case, Deputy Attorney General Todd Blanch spent two full days interviewing Ghislaine Maxwell. She's also been subpoenaed to testify before Congress the week of August 11th. Then on Monday, Trump told reporters he can pardon Maxwell, who's serving a 20-year sentence for sex trafficking, but insisted that nobody's asked him to do it. He added that it would be inappropriate to discuss, while of course, discussing it.

• 57:27Scott Galloway?

  Speaker Mike Johnson called the idea of a pardon outrageous outrageous. Jess, what are your thoughts here?

• 57:36Jessica Tarlov?

  If he pardons Maxwell, it's end of days kind of stuff. Like, I posted on Twitter because I haven't had the mental strength to remove myself from there. But that, you know, pardoning Maxwell makes pardoning violent January Sixers look like good judgment. You know, this woman participated in what Epstein was doing. She wasn't some administrative assistant. She was there in the room. The Republican Party are obsessed with groomers. There's your groomer. And she's sitting in a cell for 20 years, frankly, seems short. And Mike Johnson said that as well, that he thinks that she actually should have had a life sentence. And I don't know, you know, Trump regularly says, well, you know, I'm allowed to do it.

• 58:21Jessica Tarlov?

  I'm allowed to, I don't know, I haven't really thought about it. And he did that with everyone that he pardoned from the quote unquote Russia collusion hoax, right? Roger Stone, Manafort, et cetera. Because of how bad the Epstein saga has been for him, I actually think that the pressure will be enough that he is not going to pardon her. She's also a known liar.

• 58:41Scott Galloway?

  He's a terrible witness.

• 58:42Jessica Tarlov?

  She's a perjury as well. So, you know, when her lawyer says she spent nine hours telling the truth about up to 100 individuals, there's no way that she actually was telling the truth about all those individuals. And you can see reflected how Trump says, you know, I never had the privilege of going to Epstein Island, which is such a weird way to talk about this. Like, he got left out of the trip to the Maldives or something like that. But, you know, he's still focused on everybody else that would be in the Epstein files or known associates, especially the Democrats. They're beating the drums as well about, you know, the quote unquote new intel, which is just. Recycled from before anyone actually did any investigating what Tulsi has been

• 59:24Jessica Tarlov?

  rolling out and basically anyone who's an honest broker, which is limited these days, has said, this is so dishonest. That was Dan Abrams's phraseology. And, you know, this has always been a wild goose chase. But they have a real problem on their hands because this is week three, going into week four of it being the top story. Donald Trump can't do anything. He can't even announce this enormous win of a trade deal with the EU without someone asking him about Epstein. It's following him to Scotland, whatever trip he takes, whatever movement he makes, wherever he goes, there's going to be a question about this. The American public is pissed. You know, it's minus 37 in approval on this

• 1:00:06Jessica Tarlov?

  and 75% of Republicans, that's the biggest number you're ever going to get of Republicans, are just satisfied with the way that he's handling it. Does that mean that they hate Donald Trump? No, he still has like a 90% approval rating within the party. But 75% is a force to be reckoned with. And these influencers who are, you know, they're not actually in the cabinet, but they sure seem like they have the level of access and influence as someone who's in the cabinet, or at least with a lower level cabinet job, are still beating this drum. And they're talking about it on their shows constantly. Joe Rogan, he said, like, that this is the hard line in the sand and that the administration is gaslighting them. And he's not wrong.

• 1:00:48Scott Galloway?

  Okay, first off, they just decided to go interview Ghislaine Maxwell?

• 1:00:52Jessica Tarlov?

  Right. She'd been sitting there, available for a while.

• 1:00:55Scott Galloway?

  Though there was no reason to get information from her before. The fix is in. Basically, it has been communicated indirectly. They don't even need to communicate to her. Her own lawyer has said, hey, Ghislaine, would you like to get out of prison in less than 20 years? Yeah, that would be nice. How can we do that? Well, anything that you give to the Attorney General's office now in this two days of interview that sounds credible enough for them to release and to the extent it can, exonerates the president from pedophilia, would have a likelihood, a high probability of not getting you a pardon tomorrow, but getting you a pardon in about 31 months before he's about to leave office.

• 1:01:39Scott Galloway?

  And a lot of people have said, well, that would just cause a shitstorm and I don't think he cares. In three and a half years, he's going to be an 82-year-old obese man who has pardoned himself. He could give a shit how many of his own party or Democrats are clutching their pearls and saying, this is outrageous. So I think the fix is in. I think this is obvious. They're about to announce that she has information and it'll be something along the lines of, while he was there and they were good friends and I did see him in the company of women.

• 1:02:18Scott Galloway?

  There is nothing that shows, oh, and by the way, he never, ever, or maybe even made some comments that he wasn't interested in underage, I stopped using the term underage women. People have, in the comments reminded me repeatedly, these are girls, these are children. But the fix is in. There's absolutely no reason to interview her unless they saw political advantage in interviewing her. The Department of Justice is not like our traditional Department of Justice where it attempts to go up the food chain and convince people along the way to turn in and to indict and to prosecute. This is the opposite.

• 1:02:59Scott Galloway?

  This is, we're gonna do everything we can, gymnastics, to try and figure out a way to, you know, turn this chicken shit of a scandal into chicken salad for the president, knowing, and this is the problem with an autocracy and a corrupt president. Think about this, the president is scared shitless. That's pretty obvious. He wishes Ghislaine Maxwell well. He said that about her. He didn't say, I wish the victims well. He didn't say, I hope the trauma that they have experienced, that they find closure in this prison sentence. The only person he has wished well in all of this is Ghislaine Maxwell, because why? He's fucking terrified of what she might say.

• 1:03:41Scott Galloway?

  And so to think that she and her defense attorney haven't done the math here, and to believe that this entire apparatus, that was one of the greatest apparatus in the world, the AG and the Department of Justice, which have been totally perverted and had turned it into a weapon. I mean, this is just too obvious. And then the pushback I get is, well, the base will go crazy. He's gonna do here what I would do, and maybe it won't work, is what he did around his taxes. Of course I planned to release my taxes. Of course. And then he never does it, and he's never going to.

• 1:04:14Jessica Tarlov?

  Yeah.

• 1:04:15Scott Galloway?

  So of course I'm gonna release the files, or he releases the files, and the names Bill Gates and Bill Clinton aren't redacted, and then everything else is redacted. And Larry Sumners and all these famous Democrats. But the idea that he's worried about the backlash of what's gonna happen to him, I just don't, I don't, I think Honey Badger don't care. I think if he gets to the end of his administration, he's gonna pardon her, and then he's gonna go play golf and die an obese old man alone, which is some compensation.

• 1:04:46Jessica Tarlov?

  Well, I think, you know, putting the timeline on it makes it a lot more feasible, that this could be the running out the door thing. I think people are thinking about it in terms of what could happen in the next few months versus what am I gonna do as my final act? When I get thousands of people coming out of the woodwork, right? Saying I need a pardon, or, you know, my friend needs this. So I guess that that is possible, and I agree with you that he doesn't care. And you see that even in the way that he treats people who could be, or should be the heir apparents for the next administration. Remember how you wouldn't even say, like, J.D. Vance would make a great president? He's like, yeah, no, I'm in charge. And that's how people who are smart analysts about the modern Republican Party look at things.

• 1:05:30Jessica Tarlov?

  Like when I had Kellyanne Conway on, asking her about the future of the GOP. So it's gonna be pretty much lost in the wilderness, right? Because they have no organizing principle besides Donald Trump. And he is the kingmaker for everybody, even if he doesn't necessarily help you electorally, as we've seen over and over again in tight races. But he's the guy and he's also shown an incredible capacity to be able to live in a bubble quite happily. So if his bubble is going to be Mar-a-Lago, which, you know, it should be, you're 82 years old, you've got a bunch of grandkids, you have a members' club where people come just to adore you all the time, like I would want to live in that bubble too, then he especially wouldn't care about something like that.

• 1:06:14Jessica Tarlov?

  So I guess I could see a pardon if it was a final act. I cannot see a pardon happening right now. And you brought up, we need to make sure that we say that these were children. Teresa Helm, who was one of the girls, children who was abused by Epstein and Maxwell, did an interview with MSNBC and she said, "It would mean the complete crumbling of this justice system that should first and foremost stand for, fight for, and protect survivors." This crime is different than every other crime that we have talked about in reference to Donald Trump. It's not a white collar situation. This is child abuse and I am in no way saying that he participated in that. I have absolutely no idea, but we know Jeffrey Epstein did and we know that Ghislaine Maxwell did.

• 1:06:58Scott Galloway?

  Well, where there's smoke, there's fire. Can you imagine anyone sounding more guilty than this guy right now?

• 1:07:04Jessica Tarlov?

  He has, he has no crisis comms.

• 1:07:07Scott Galloway?

  A hundred percent.

• 1:07:08Jessica Tarlov?

  Person or ability, he's not used to being held accountable. That's the thing, because even with January 6th, getting impeached, et cetera, the Supreme Court came and bailed him out anyway. And then the electorate came and bailed him out and put him back in office. And he will not suffer the consequences of any of the actions that he's taken. And so I think that this is genuinely shocking to him to have run up against something that seems to matter in a substantive and enduring way to his base. And he, he's floundering. He doesn't know what to do and suddenly words matter. They have never mattered before. When he was with Jonathan Swan and he made the comment about, "I wish her well," about Ghislaine Maxwell, I don't think he really thought about it. I don't think he genuinely wishes her well.

• 1:07:52Jessica Tarlov?

  He's just never been held accountable for a single thing that he's said.

• 1:07:55Scott Galloway?

  Yeah.

• 1:07:56Jessica Tarlov?

  You know, Muslim bans, bad hombres, everybody moves on. It becomes baked into the Donald Trump cake and we just continue to eat it over and over again, maybe until now.

• 1:08:07Scott Galloway?

  Yeah, boo. But even that, the words do matter because he's not a guy who gives people the benefit of the doubt. The ordinary Donald Trump with something like this would have said, oh, she's a horrible woman. Hope she rots in prison.

• 1:08:20Jessica Tarlov?

  Yeah, ugly too.

• 1:08:21Scott Galloway?

  Instead, he's, I wish her well. Logically, the only reason he would say that is to try and curry favor with her so she doesn't narc on him.

• 1:08:32Jessica Tarlov?

  Or because they were genuinely friends.

• 1:08:34Scott Galloway?

  Or they liked each other.

• 1:08:36Jessica Tarlov?

  Right.

• 1:08:37Scott Galloway?

  To your point, the guy has such incredible instincts for the media. And it's as if his comms people, he said to them, I want to come off as guilty as possible. What do I say? What is my body language? Because if he had just said, in my view, this is insane, these pedophiles, all these Democrats, Bill Clinton, I think I saw the ghost of Jimmy Carter down there. I mean, if he just like went fucking crazy, right?

• 1:09:04Jessica Tarlov?

  Yeah.

• 1:09:05Scott Galloway?

  And angry, and we're going to release this thing. And then we need to make sure, we need to vet it. And then released it in six months and it was all redacted. It would have been bad, but-

• 1:09:16Jessica Tarlov?

  Oh, but people would have taken it.

• 1:09:17Scott Galloway?

  His base would have taken it. Maybe thrown, like left a couple of names in there like, oh, Bill Clinton's on a flight list, leave it there and go there or whatever. Instead, he's like, I don't think we should, we should move on and look at like-

• 1:09:29Jessica Tarlov?

  Like the first time ever that he's been thoughtful about anything.

• 1:09:33Scott Galloway?

  Yeah, it's just measured. All of a sudden, he's gotten very measured.

• 1:09:36Jessica Tarlov?

  Yeah.

• 1:09:37Scott Galloway?

  And it's just like, Jesus, this guy looks absolutely so guilty. More importantly, is this the last show of the summer that I'm on?

• 1:09:45Jessica Tarlov?

  Yeah, I'm sad. I mean, I'm happy for you. Well, I, I like you and I have fun-

• 1:09:51Scott Galloway?

  I like you too.

• 1:09:52Jessica Tarlov?

  -during the podcast. And I'm excited that you're taking all of August off and recharge your proverbial batteries, but it will be Raging Moderates Lonely without you.

• 1:10:02Scott Galloway?

  So folks, and this is a story of blessings and privilege. I've decided from this point forward in my life, and I've done this last couple of years, I take August off. I closed the office the last two weeks of August because people who work for me should work harder than me. It's Scott free August, I take all of August off. But, and the reason I bring this up is that we have some very exciting co-hosts. Can you talk about any of them? One of them is my, literally my hero. If someone, the other day on Pierce Morgan, they said, who are your heroes? And I mentioned this person. And the comments were like brutal. Can you mention who our co-hosts are?

• 1:10:33Jessica Tarlov?

  Well, I don't think this was your hero one, but I think you like him a lot. We have James Carville next week.

• 1:10:38Scott Galloway?

  Amazing. We're gonna have us an election. We're gonna count some votes.

• 1:10:41Jessica Tarlov?

  Yeah.

• 1:10:42Scott Galloway?

  We're gonna have us an election. That guy's a fucking gangster. He's not my hero.

• 1:10:45Jessica Tarlov?

  Okay, we have Hillary Clinton, who I think-

• 1:10:49Scott Galloway?

  My hero.

• 1:10:50Jessica Tarlov?

  Yeah, I'm in.

• 1:10:51Scott Galloway?

  Incredibly smart, does the work, never lost her focus in that, is always helping women and children.

• 1:10:55Jessica Tarlov?

  Would have been the most qualified president in American history.

• 1:10:58Scott Galloway?

  Literally-

• 1:10:58Jessica Tarlov?

  Flat out.

• 1:10:59Scott Galloway?

  The most impressive person in my view.

• 1:11:02Jessica Tarlov?

  I'm so excited. I'm so excited about this.

• 1:11:05Scott Galloway?

  Secretary Clinton is going- This is what you call a major upgrade. Secretary Clinton is gonna be on my show. Well, yeah. No, let's be honest.

• 1:11:12Jessica Tarlov?

  Yeah, sorry.

• 1:11:13Scott Galloway?

  Let's be honest, yeah. Anyways, folks, that's it for this episode. Thank you for listening to Raging Moderates. Our producers are David Toledo and Eric Genikas. Our technical director is Drew Burrows. Going forward, you'll find Raging Moderates every Wednesday and Friday. Subscribe to Raging Moderates on its own feed to hear exclusive interviews with sharp political minds this week. Oh, my God, another hero. Literally another hero of mine.

• 1:11:35Jessica Tarlov?

  Senator Warner is our hero, is it?

• 1:11:37Scott Galloway?

  Senator Warner, I wanted him to run for president. He invited me down. He wanted to know about big tech.

• 1:11:42Jessica Tarlov?

  Oh, great.

• 1:11:42Scott Galloway?

  The guy's, first off, he should be president. He's big and he's handsome. That's the primary consideration to be president.

• 1:11:47Jessica Tarlov?

  Definitely.

• 1:11:48Scott Galloway?

  The guy's a baller, made a shit ton of money, went into public service, is so smart, understands technology. Just a fantastic public servant, a great leader, represents Virginia really well. Great gets. How are we getting all these people?

• 1:12:02Jessica Tarlov?

  We're charming, Scott. We're a hit on the hill.

• 1:12:05Scott Galloway?

  We're a hit on the hill, dozens and dozens of fans on the hill. Make sure to follow us wherever you get your podcasts. You don't miss an episode. Just have a fantastic August and-

• 1:12:15Jessica Tarlov?

  I'm gonna text you. I don't know if you're gonna reply.

• 1:12:18Scott Galloway?

  I will read them all. I'll see you Labor Day. Thanks, everybody.

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