California's Election Shakeup + Microsoft's AI Spy Badge

Patrick Bet-David, Tom Ellsworth, Brandon Aceto, and Humberto Boellert are joined by economist Brian Wesbury as they cover the Los Angeles mayoral election results, California’s governor race, Bill Pulte’s appointment to lead the FHFA, Scott Pelley’s departure from CBS, President Trump’s decision to scrap a $1 billion weaponization fund, Microsoft’s new AI workplace monitoring technology, and the growing debate over remote work’s impact on young professionals. ------ ⚽ FLB NATIONS COLLECTION: https://bit.ly/3PyKqOR Ⓜ️ CONNECT ON MINNECT: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4kSVkso ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4mAWQAP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4lzQph2 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4pzLEXj⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4pzLEXj 🇰 KALSHI: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://kalshi.com/pbd⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ http://kalshi.com/pbd⁠

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

• 0:14Speaker 00

  My handshake is better than anything I ever signed, right here.

• 0:18Speaker 00

  You are a one of one? My son's right there. I don't think I've ever said this before.

• 0:26Patrick Bet-David?

  Alright, I think it's fair to say there's some stories to cover today, especially California. California, you got some hope? California, you got some hope, baby? There's some good stuff that's coming around California. Let's see if you guys will be able to finish it off. And can you imagine if both the mayor and the governor of California, Spencer Pratt is right now second place? We'll talk about the numbers, the percentages that just came out from New York Times. And then you have for the governor race, Hilton's at the top ahead of Becerra. So we'll, we'll talk about both. Tom made very, very good comments about the fact that nobody thought Rahm was going to be above 15%. She ended up above 22. And they didn't think Spencer Pratt was going to be above 30. He ended up above 30, which means what?

• 1:08Patrick Bet-David?

  It means people do not like Karen Bass, which is very good if this ends. Now, keep in mind, there's still some things going on with California because you have to make sure they count the ballots. And to count the ballots could take them seven years. So hang tight till we figure that part out.

• 1:26Tom Ellsworth?

  They have all the mail-in ballots and then also from Forest Lawn, they got to count all the ballots.

• 1:30Patrick Bet-David?

  Yeah, that's right. Forest Lawn, there's two Forest Lawns. The one, Michael Jackson's, and the one in Glendale. And then the other one off the 170 freeway, you got, you got a lot of opportunities there to take advantage of.

• 1:38Tom Ellsworth?

  Karen Bass is expected to carry both.

• 1:39Patrick Bet-David?

  Yeah, we'll see. We'll see what happens. Well, we'll see what happens. Aside from that AI, Bernie Sanders comes out and says any of these AI companies, 50% should be owned by the government. And the president came out and kind of put something out there as an executive order to seeking oversight of AI models. Couple of people were chirping, a guy named Elon, you may, you may or may not know, and another guy named David Sacks. To that, we don't know if that's a good idea or not. So we'll see, we'll see what happened there. And then Bill Pulte is, Rob, is this is not an Onion story or Babylon Bee that Bill Pulte is now the DNI. We like Bill Pulte, but what does it have to do with DNI? I don't know, but we're definitely going to be talking about that. Maybe Tom has some insight for us. And then Jamie Dimon.

• 2:20Patrick Bet-David?

  Calls the Coinbase CEO, he says he's full of shit. What, what, what, what did he all of a sudden get upset about? We'll talk about that. Microsoft AI gadget badge. If you haven't seen this, they have these, these new AI badges that Humberto was sharing with us, that they record everything, like literally they record everything. Good idea, bad idea, who knows? We'll talk about it. Uber is now capping the number of tokens they're giving to every one of their employees. I think it's a limit, if I'm not mistaken, of $1,500 a month per employee per month, right? That you can do because the expenditure was going really high. Couple of companies are like a half a billion dollar bill. And like, wait a minute, timeout guys, we're not, we're not doing this much of it. Remote work, folks, for the youth is worsening.

• 3:04Patrick Bet-David?

  A lot of people are saying, well, you know, AI is taking jobs away from the youth. Well, maybe it's because they want remote work and they don't want to work at an office. Maybe that's the reason why, Brian, you know, they're not, you know, getting the job. So we'll talk about that. And then there is a drink that came out. We're not endorsing this. This is not a sponsorship, okay? We only have one sponsor. We're not doing an endorsement of this drink. But Vinny came in here doing backflips and we said, what the hell is wrong with Vinny? And he talks about this drink that's got 186 grams of sugar called Crazy Cousins 32 ounce dirty soda. Okay, why would they do something like that at a time where diabetes like, but anyways, apparently they want to sell that to kids and we'll talk about that.

• 3:49Patrick Bet-David?

  And then Trump abandons the 1.8 billion dollar slush fund. The story, Daily Mail says, in a humiliating U-turn as his own party turns on and we'll address that. And he got 60 minutes. Guy that makes five to seven million a year, good looking guy, he's been with CBS since 89. Scott Pelley goes in there, apparently this, this letter was public. I'm sure you read the letter and it was a pretty nasty letter. Like if you're going to get fired, this is the wrong way of getting fired. Apparently he went in there bitching and was not very happy about it. And then CBS like, if you don't like it, we got to kind of move on. And that's exactly what they did. So we'll talk about that. Maybe we'll get into MLB salary caps, good story. And then World Cup rule changes. Couple of the rules, I don't know if you saw the rule changes or not. Not good. You don't like them? Okay, I'm cute because you like when people lay down for seven minutes after acting like

• 4:34Patrick Bet-David?

  they got hurt. Only a guy from Chile would say he likes that.

• 4:38Speaker 03

  I mean, it's a drama, alright?

• 4:40Patrick Bet-David?

  Yeah, you need that seven minutes of just...

• 4:42Tom Ellsworth?

  Until the trainer comes out with the magic spray.

• 4:46Patrick Bet-David?

  They're trying to speed up the game, but we'll see, we'll see what happens. Today, we have with us Brian Westbury, who is a chief economist, as well as an economic editor for American Spectator, if I'm not mistaken. Done a lot of work. We've seen you on CNBC, Bloomberg, Fox, you've been all over. It's great to have you here with us as well to give some insight. And so before we get into the podcast and cover the stories, folks, the big game is around the corner. They're already talking about the matchups, who's playing against who. Different people are representing different countries. Obviously, I live in an interesting community where a lot of soccer players live. We knew when they left to go off to Kansas City. Messi's in Kansas City. This is gonna be the most amazing thing. Everyone's like,

• 5:29Patrick Bet-David?

  there were so many interesting stats. The most ever players above 40 years old playing in the World Cup. The youngest player is a 17-year-old kid from, I think from Mexico, if I'm not mistaken. There's gonna be some interesting stories. But we had these hats that we made, representing different countries, okay? And believe it or not, for Iran, we had the old Shahane Shahi, Mohamed Reza Shahpalavi's flag right here, which is sick. And I think there's a couple of those hats left. Rob, if you want to play this clip, go for it.

• 7:00Patrick Bet-David?

  Alright, you can pause it right there, Rob. Whether it's Argentina, whether it's Brazil, whether it's US, which the US hats look ridiculous, or whether it's Iran, any of them, go to VTmerch.com, place your order, get the hat, get it for yourself, get it for your friends, but go to VTmerch.com to place your order and represent your country for this summer. With that being said, let's get right into the story. Again, go to VTmerch.com to place your order. But let's get into the first story. First story I want to get into is the two big races we had yesterday, Brian. We had the LA mayoral race, and we had the gubernatorial race, right, the primaries. On the mayoral race, everybody was wondering what was gonna happen. For me, I think the biggest superstar that made a big name for herself was Katie Porter. Not for the right reasons, but I think

• 7:44Patrick Bet-David?

  she's got a job at The View, I think she can be a rock star. And, but if you look at for the governor race, that's where she was at. But for the mayoral race, Spencer Pratt, 30.4%, okay, this is within 63% of votes. Karen Bass at the lead with 34.8, Nithya Raman 22.3, then it's the rest of the camp. So if it goes like this, Karen Bass for sure is not getting the what she needs, the 51% or something like that. So there won't be anything going on. There is gonna be a runoff, and it's gonna go till November. And yesterday, she tweeted something. She said, "I love LA," and you would think the person that was in the lead would get hundreds of thousands of views and likes. Not really. It was a thousand likes. People could care less about the announcement. Look, you may

• 8:27Patrick Bet-David?

  love LA, but we don't love you as much as you think we do. And so it'll be interesting to see what happens then. Rob, if you have a clip of Spencer Pratt, there was a great picture of him and his wife. Is this him at the end of it when they... Okay, go ahead, Rob.

• 8:41Speaker 04

  Well, obviously, God wanted five more months of me exposing all the failures of our mayor. So it's gonna be a fun ride. I hope she's ready.

• 8:51Patrick Bet-David?

  Are you ready?

• 8:52Speaker 04

  I mean, I was born for this clearly.

• 8:56Patrick Bet-David?

  I was born for this clearly. Okay, what do you think, Brian? What do you think are the chances that by the end of it, this guy's got a chance of winning? Spencer Pratt?

• 9:02Speaker 05

  By the way, he's got the greatest commercials ever.

• 9:04Patrick Bet-David?

  He does, yes he does.

• 9:05Speaker 05

  And he's been very creative. The best thing is that California has been a one, a one-party state forever and ever. And so now that we have a Republican looking like he's going to be in the final two for governor and for mayor, this is fantastic. And that's what I think Republicans really need is a platform to be able to share their views rather than just being shut out in a one-party state.

• 9:36Patrick Bet-David?

  Tom, how do you feel about it?

• 9:38Tom Ellsworth?

  Well, mixed emotions. One, I'm really happy that now there's an alternative candidate and Angelenos aren't going to get snowballed in a primary where someone wins 51, we declare victory and that's it. Now, there's going to be, as they say, the jungle primary where there's multiple candidates, that's their word for it, I'm not saying anything derogatory, is now down to two. Now we have a traditional election, left, right, and I like that. What worries me is Rahm in at 22%. Those socialist voters that are behind her are almost certainly going to get behind Bass.

• 10:19Tom Ellsworth?

  So right now, Bass sits on about 53, 54, and it's going to take a decided effort by Spencer Pratt to expose things and to bring that down so that he can be sitting on, you know, 51% come election day. But I'm glad that now all the drama's over, Rahm steps aside, we have two candidates, let's debate and let's do many debates. And remember, she and Rahm did individual side-by-side debates that excluded Pratt. She can't run anymore, Pat. She can't run.

• 10:57Patrick Bet-David?

  Who can't run anymore?

• 10:59Tom Ellsworth?

  Karen Bass. She can't run from... She and Rahm did a side-by-side debate and excluded Spencer Pratt. It's over, baby. The jungle primary is done. You got to get on stage now and debate mano a mano.

• 11:12Patrick Bet-David?

  But here's the reality of it. If we look at it today... Every one of these votes here on the bottom, pretty much 80% of it would go to Karen Bass, right?

• 11:21Tom Ellsworth?

  Except maybe Adam Miller. He was a independent, non-no party.

• 11:26Patrick Bet-David?

  That's why I said 80% of it, right? So, meaning Nithya is gonna go to Karen. So if you put those two together, she's at 57. And then you have the rest of the group. Say you give Spencer a couple of points. Let's say Adam Miller's folks go to Spencer Pratt. He's got the lead. But the, but the worst part about this is, the, the, the more this goes by, the more it hurts Karen Bass. Period. The more. So if you thought he was doing marketing, you know what's happening now? Here's what's gonna happen with Spencer Pratt now. When the market sees that you're a real player, now the bigger name players are gonna come in that were kinda sitting this one out. "Oh, so you have the fight? Oh, so you're really going in? Now I'm willing to put some money behind it. Now I'm willing to do an additional event for you. Now I'm willing to do this for you." So, it'll be interesting as we're looking at this. And Humberto, do you have any thoughts on this?

• 12:11Speaker 03

  Oh yeah, of course. First of all, we need to understand that this are not the full numbers, right? We have, yeah.

• 12:17Tom Ellsworth?

  It might take another 70 days.

• 12:19Speaker 03

  It might take a few days. The, the mayoral race of LA is 63% counted. And then the governor race, I think it was 53% on the last update that I seen. We need to think about that it's a primary. You have a 20-point delta, like 20 to 30 points that, of people that show up. If you, if you look at the primary voters, usually the turnout is anywhere between 30 to 50%. If you look at the final, you know, election, election day, you get anywhere between 50 and 80% turnout in, in California. So, the gap is, uh, cause if you see the numbers now and you do straight math of like, how many votes are gonna go to a certain candidate? Like if everyone's leaning left and it's gonna go all to Karen Bass, you have a lot of voters that haven't spoken yet.

• 13:02Speaker 03

  And I think especially Spencer Pratt has a, a, a non-political, common sense message that can get a lot of people out there voting. You know what I mean? Um, so I, I don't know. I'm, I'm very, I think the future looks bright for California. I lived there for a few years. One of the most wonderful states in the country. I had the best time in college there. Uh, so I'm, I'm very optimistic for what's gonna happen.

• 13:25Speaker 06

  Yeah, it's a great point, and a lot of people think that you have to convert people who are voting Democrats to vote Republican, not the case. The, all you really have to do is activate people who have been dormant for years that are Republicans, have given up hope on the concept of a Republican in California. Like, every single election there ever is, there's more than enough voters that sit out that probably could swing the election in the other direction. So, now they could focus in on that, that he's gotten past the first phase of it. And, I think that, yeah, the pendulum swung so far in one direction that I think there is hope for it. I've said, since, you know, Schwarzenegger got elected, I think he was the last Republican governor, if I'm not mistaken. I think you needed somebody who's like this, who's a celebrity, who has that, you know, that edge when it comes to it, to have a chance as a Republican. So, yeah, I think that it's exciting to see, like,

• 14:08Speaker 06

  what potential California could have if they run like a proper state.

• 14:11Speaker 05

  Yeah, totally agree with that. And it, at least it's a debate. And, the jungle primary always ends up giving us two Democrats in California, and then, there's no debate. I mean, they debate, but they, but they're saying the same thing.

• 14:24Speaker 06

  Right.

• 14:25Patrick Bet-David?

  This is good. This is good. This is good that this is taking place. And by the way, the part that makes it exciting, this is an interesting clip to watch. But the part that makes it exciting is this guy is fearless, he's annoying to them, he's not backing down, he's doubling down, he's calling them out. You need somebody like that. Rob, go ahead and play this clip.

• 14:42Speaker 06

  Because, remember, the final piece of the puzzle, that we won't know tonight, right, is the late arriving vote by mail. And, and we're talking about probably like a third of the vote, in Los Angeles, we're probably not going to be getting until tomorrow, and maybe days to come, after tomorrow. The mail can still come in, after Election Day. And there's indications, and there's certainly a ton of precedent here, that that late arriving vote by mail is going to be significantly more Democratic friendly than all of the other vote. Meaning, that would be good news for Bass, that would be good news for Rahm and, if she's going to come out tonight behind Pratt. It's a huge if, but if she's gonna come out tonight behind Pratt, well, it's not a huge

• 15:24Speaker 06

  if at this point, she would then have the opportunity, if she's close enough, to catch him with that, but that is a 25,000 vote pad there, eight percentage points that Pratt has managed to build with that vote by mail here, and if he can build that a little bit more with that election day vote, you know, when that comes in, that in-person polling place vote, if he's able to expand on that lead, it does take you into territory, we start to say, look, even if that late-arriving vote is much more Democratic, has he succeeded in building the kind of pad he needs to finish above Rahm, and to get into a runoff, you would say at this point, best, those are if you're

• 15:58Patrick Bet-David?

  So, that's the mayoral race, right? That's the, now, let's look at the gubernatorial race, because that's a completely different, uh, uh, result as well that they had. Steve Hilton ends up taking first place, as of right now, again, it's not fully in, the numbers I have is at 27.8, uh, is this from yesterday, Rob?

• 16:14Speaker 05

  Uh, late last night.

• 16:15Patrick Bet-David?

  Go for it, yeah, I mean, it's, go for it. That's 46% in, so we have numbers that are 64% in, Hilton's at 27.8, Basara's at 25.4, Steyer's at 19.6, so he would be out, and then Bianco, 11.3, and then Katie Porter's at 4.5, and for some of you guys that are devout Swalwell fans, he got 18,602 votes, 0.4%, we have to give some credit to the guy who was supposed to be the Democratic candidate, and then all of a sudden, he's out. So, how different, Tom, do you think it is for the Republican, for the gubernatorial race than a mayoral race?

• 16:48Tom Ellsworth?

  It's hugely different, because you go from 2020, 22, 24, and now we are 26. You look at how the counties vote in statewide elections, it has been moving. If you look last night, last night was amazing, when you saw what Hilton got in Orange County, he wasn't just red, he was bright red, he destroyed the competition in Orange County, and you take a look at Central, if there's any maps, Rob, the state-by-state county map that are out there, you can basically see, and if we were able to compare, so I happen to think, and I'll see what you think, but every two years, we have seen a, I'm gonna use the word progressive, and that's wrong, we have seen

• 17:31Tom Ellsworth?

  A structured move statistically of California going more independent conservative on their voting, especially statewide. And I think this is a good sign. Now, remember, the Steyer vote is going to Becerra. So we gotta add that up. It's the same situation in LA, like the mayor. You gotta put Steyer, Becerra together. And now, and what that means Xavier is probably sitting on 46 right now.

• 18:00Patrick Bet-David?

  I actually think 20% of Steyer will go to Hilton. I actually think 20% of Steyer will go to Hilton. Because what kind of a vote is a Steyer vote? It's the protest pro-

• 18:09Tom Ellsworth?

  Protest.

• 18:10Patrick Bet-David?

  Yeah, it's the business. It's he's more like climate. Well, you know, poor me, I'm a billionaire, but I feel so bad for everybody else. But then the average guy that's kind of like, you know what? I'll just kind of put money behind him. By the way, you know who had Steyer? Which we know that guy's vote's gonna go to Becerra. Who's the actor, the Hulk, Incredible Hulk? Mark Ruffalo?

• 18:27Tom Ellsworth?

  Yeah.

• 18:28Patrick Bet-David?

  Ruffalo had Steyer. He endorsed him, I think, two or three days ago. What are your thoughts? I know you've spent some time with Hilton. He was with you guys at Fox.

• 18:35Tom Ellsworth?

  Yeah, he was. What, I'm gonna repeat what Tom said. If you look at the center of that state, all the way up, other than those coastal, you know, liberal cities, they're turning redder and redder. And it's because the education system's falling apart, the standard of living is, I mean, house prices in California are out of, out of control. And it might, in this case, work against the Democrats and, and for Hilton.

• 19:03Speaker 03

  Yeah, I'm gonna have to be that guy.

• 19:06Patrick Bet-David?

  Go for it.

• 19:07Speaker 03

  No, no, but it's just the math. Like, we have 57% of the votes. The leads are two or three points amongst them. We have a lot of votes of coming in. I don't see a trend that is definitive. So like, it's really hard to speak on these numbers right now.

• 19:22Patrick Bet-David?

  What do you think's more definitive? Spencer being in it, or Hilton being in it?

• 19:27Tom Ellsworth?

  Hilton.

• 19:28Speaker 03

  I think-

• 19:29Patrick Bet-David?

  Hilton.

• 19:30Speaker 03

  I think it's too early to tell.

• 19:31Patrick Bet-David?

  For both of them.

• 19:32Speaker 03

  For both of them.

• 19:33Patrick Bet-David?

  Okay.

• 19:34Speaker 03

  Because the thing is, you still have like, almost half of the votes coming in, and then you have two, three point leads. Like, it could go anywhere yet. Like, there's not a, I don't know if Tom, you agree, there's- Not a definitive trend right now, just being responsible with the numbers.

• 19:44Speaker 06

  But the fact that the city is that close, because the city is always the biggest spread between Democrat and Republican. You know, so it's like when Miami went to DeSantis in 2022, that was like a massive indicator that the whole state felt that way. So if LA is anywhere close to being a close race, that means the whole state shifted that much.

• 19:58Patrick Bet-David?

  That's a good point. That's a good point because the city, the city is leading the state. Yeah. Because it's such a liberal city.

• 20:04Speaker 06

  Right.

• 20:04Patrick Bet-David?

  Very, very good. Do you agree with, with?

• 20:06Speaker 05

  I totally agree. And, but a water pipe hasn't broken yet.

• 20:10Speaker 03

  Yeah.

• 20:11Speaker 05

  So.

• 20:12Patrick Bet-David?

  Yeah, that's a good point.

• 20:13Speaker 05

  And the mail-in ballots haven't come in.

• 20:14Patrick Bet-David?

  I mean, look, the good news is it's not like people cheat on elections. Like, it's not like they steal votes or do, they do stuff like that. There's nothing like this happened. The previous president, previous to the president, the most popular motivational speaker of all time, got 81 million votes. And we know that was, this, this kind of stuff would never happen. So I want to make sure we, the integrity of elections, we have to keep there.

• 20:32Speaker 03

  One last thing, shout out to our guy Chad Bianco. He did very well. Uh, you know, he's at fourth place right now with 11% of the votes.

• 20:39Patrick Bet-David?

  Good for Bianco. Yeah.

• 20:40Speaker 03

  Good for him. Nice guy. We had him over here.

• 20:42Patrick Bet-David?

  Good for Bianco. I, I, I think once this is going to become clear, I think him and Hilton will probably team up to do something together. I hope Hilton does because, uh, you know, Bianco did play an important role and there's something that they can do collectively together.

• 20:56Tom Ellsworth?

  To Humberto's point earlier, I read here, and I, I didn't send it to Rob, but it said that the govern, gubernatorial election in California is now up to focus and turnout. So that it is the high focus, Steve Hilton needs to be high focus. And we've seen him kind of meander a little bit when he makes points. He needs to hit the points crisp and hard and the, the angry voter will come out. Um, the, by the way, the protest vote is higher on, in California, on the Republican side than the Democrat side. Pat, and that's because for the last 20 years, oh, screw it. I'm not voting. This doesn't even matter.

• 21:34Speaker 06

  Mm-hmm.

• 21:35Tom Ellsworth?

  That attitude. And they said, so Hilton stays focused. He will now be up against Becerra, it looks like, all summer. And then what will the turnout look like? Can we, can they overturn out San Bernardino County and the central counties? And just move a percent or two in the cities? Hilton could win this thing, but it's going to be a long summer. And now the, now, all the confusion is over. You know, people are gonna see A or B.

• 22:04Patrick Bet-David?

  Yeah, Rob, is there any clips of Karen Bass that you have? Do you have anything on Bass?

• 22:08Tom Ellsworth?

  Uh, I don't, I have, uh, I don't believe I have anything on Karen Bass.

• 22:11Patrick Bet-David?

  Cause here, where it says Karen Bass advances to November runoff, you had a video on it. I thought maybe you had a clip of Get Bass.

• 22:16Tom Ellsworth?

  Oh, it was Spencer Pratt. I have more Spencer Pratt, and then I also have Steve Hilton thanking his voters yesterday.

• 22:22Patrick Bet-David?

  Go for it.

• 22:23Speaker 04

  As a proud American, someone who loves this country so much, um, this is my first time running for office, and when we just passed that, um, number of 1 million people, and it's now over a million, voting for me, 1 million Californians and rising, putting their hopes in me to bring change and put our state back on track. It's an unbelievable honor, something I absolutely take so seriously. I won't let people down.

• 22:49Patrick Bet-David?

  Only the paranoid survive. Only the paranoid survive. We'll see what happens next. Next story comes out was a little bit of a weird story, threw a lot of people off. This is in the addendum, I believe, page 3. Bill Pulte is announced as the DNI, replacing, uh, Tulsi Gabbard. Rob, that's the story, right? I mean, literally, when you first saw this, I thought it was a, I thought the guys were joking around, saying, hey, that, that's the announcement that was made. But let me read this to you. Donald Trump has named housing official to serve as acting director of national intelligence, DNI, the country's top, uh, spy chief overseeing 18 government intelligence agencies. Bill Pulte, part of a powerful home building dynasty, and a private equity financier, has

• 23:32Patrick Bet-David?

  no known background in intelligence in a selection to temporarily fill the position, is steering controversy amongst lawmakers and others. Pulte has been accused of using his role as a director of federal housing finance agency to target Trump's perceived enemies by making criminal referrals over claims of mortgage fraud. In an announcement on social media Tuesday, Trump praised Pulte for overseeing government-controlled mortgage company Fannie Mae and Freddie Mac. William has deep experience managing the most sensitive matters in America, the safety of soundness of the markets and over $10 trillion at Fannie Mae and Freddie Mac, a substantial increase from where it was just 12 months ago. During this period, uh, where it was just 12 months ago, he will remain director of the federal housing finance agency and chairman of Fannie Mae and Freddie Mac.

• 24:16Patrick Bet-David?

  Congratulations to Director Pulte. Tom, thoughts on this?

• 24:20Tom Ellsworth?

  So I noticed that he's staying at, um, Fannie Mae Freddie Mac, I mean, maybe CEO of the, uh, the dual organization. The director. And what's interesting is he's acting. No one is in the chair. Trump needs someone in the chair. And there were a series of investigations that Tulsi had going on. They can't just sit. So I am wondering, and the White House has got to confirm it. This guy is a pit bull and he's tough. So I'm curious, as they're saying, listen, Bill, I need you to step into this seat and I need you to pick up these investigations that Tulsi had going. Go for it. Push them, keep them going, but you're going to keep your job here and then we're going to name somebody to the post.

• 25:02Tom Ellsworth?

  I'm wondering if that's it because all of the announcements and, and the press secretary reiterating it have said, hey, he's going to stay as director of federal housing finance agency and chairman of fantasy Freddie Mac. So if he's going to keep doing that, but he's acting over here, it kind of is one of those things like where we've seen it in business, Pat. The CFO will be the acting CEO and he will make the announcement to the stock markets while we continue our search for a CEO. The only thing the White House didn't say is the while we continue our search for a CEO. So my curiosity, is this truly an acting role while they do a search so that he can continue those prosecutions and investigations that Tulsi had going?

• 25:46Patrick Bet-David?

  Brian?

• 25:47Speaker 05

  You know, Trump has this one characteristic. I think he looks at Washington previous to him as being a joke in many respects. Fifty-one former intelligence officers came out and said the Hunter Biden laptop was Russian disinformation. I mean, that's, that's a joke. It's, it wasn't ever true. They knew it when they did it and Trump has disdain for them. And so by appointing Pulte, I think he gets to do two things. He gets his own pit bull and.

• 26:21Patrick Bet-David?

  And he kind of gets to show that, hey, maybe all these people in Washington DC, when they tell you, we need a intelligence expert to do this job, maybe they're just, you know, joking around because all they're really doing is putting politicians in the places, they just call them intelligence officials. Humberto.

• 26:40Speaker 03

  I mean, the, the main, the main thing that are intelligence, you know, agencies in general need, they need to be audited. So, having a business guy there that can do hiring and firing, if he's an actual pit bull, as you say, I think that's the guy we need, you know what I mean? This is not the first time in history that we have people without any intelligence or military experience. You have Mike McConnell, he, he took the position, who else? Well, you know, like, so I, I think if he's gonna have a business approach to how to run the agencies, like, it might be a positive, I don't know, I, I'm just giving the president, you know, like, some leeway and see what's.

• 27:21Patrick Bet-David?

  What Chuck Schumer, but look, the, the, the true criticism that people are gonna give is, where is the qualification for someone like him to run this? Intelligence is different than mortgage and real estate, and Bill Pulte is a friend, it's not like I'm calling the guy out. Where is the, where is the, so, here's what Chuck Schumer is saying about it, let me just play this clip for a couple of seconds and then we'll come back to it. Go ahead, Rob.

• 27:45Speaker 05

  Now, on the Pulte appointment. This morning, Trump appointed Bill Pulte to serve as acting director of national intelligence, something that should send a shiver down the spine of everyone. Bill Pulte has proven himself willing to act as a Trump political puppet, filing baseless, outrageous, politically motivated charges on Trump's behalf. And now Trump wants to put him in charge of intelligence? Americans need an intelligence, Chief, to be loyal to the facts. If you're not loyal to the facts in intelligence, you're not protecting our security.

• 28:27Speaker 05

  He needs the intelligence and security teams.

• 28:30Patrick Bet-David?

  This guy speaks as if he's here for insomnia, but I think a part of it where, you know, the part of it where you're thinking, why would he get the job? Brandon, where are you at with this?

• 28:41Speaker 06

  Yeah, if I wanted to try as hard as I possibly can to make a positive spin on this, I don't think that I could because, one, Pulte, I think Pulte should be focused 100% on fixing the housing market and making sure that we're building as much as possible because that's the biggest crisis in America. There's a lack of homes for the amount of people that need homes. So I didn't see him making a ton of progress on that. So I don't think we should put him in charge of the entire intelligence agency. Plus, it's not a job where you're just, it's your brief intern in it and you could turn it over to somebody else. Like, you have to be sworn in and briefed on all the confidential things that are going on. And what does he know about what's going on in the Middle East or what's going on in Russia and with terrorism and this and that? I mean, not that a lot of the people who have had that before are super impressive either. But he's not, he

• 29:25Speaker 06

  hasn't done anything remarkable with the job he already has. So why are you going to double him up with this now? Like, is it going to be a Rubio thing where he's holding both these jobs at once? Like, it does create the question of like, oh, does Trump just want somebody there who's a yes man? So, no, I don't like it.

• 29:38Patrick Bet-David?

  Tom, what do you say to that?

• 29:40Speaker 00

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• 30:09Speaker 00

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• 30:28Speaker 07

  Offers tailored to how you shop, your dollar goes further. Redeem your points online or in the app. Kroger, fresh for everyone. Restrictions apply. See site or store for details. Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.

• 31:09Tom Ellsworth?

  USAA knows dynamic duos can save the day, like superheroes in sidekicks or auto and home insurance. With USAA, you can bundle your auto and home and save up to 10%. Tap the banner to learn more and get a quote at USAA dot com slash bundle. Restrictions apply. Your website can do more with Base44. Describe what you want in plain language and build a site where people can book with you or buy from you. Payments, data, security, and hosting are all built in. Go to base44 dot com. You know, I, there's validity to the angle that Brandon is taking. And I think that there's an obvious opening here because of the lack of direct experience. And that's why my speculation is,

• 31:54Tom Ellsworth?

  is it just an acting role the same way CFOs are acting while they find a new CEO? Clearly, Pulte's background is not national intelligence. However, he was brought as an outsider to carve through crap. And he has done some of that. And the fact that there's, that the interest rates and other things are frustrating the progress of the housing market doesn't mean he's not pushing things. And I know you're going to push on housing that if it's not cured tomorrow, somehow something's, you know, bad. So, you know, I see the criticism and I think it's valid.

• 32:31Patrick Bet-David?

  This is, this is how I see it. The only way I see this is the following. I see it as, sometimes you have a leader that's running a department and you're not that connected to the people that report to him, or her. So for instance, you got a guy that's got 100 people that are working with him, and he's running it. He's a C-suite executive. And then all of a sudden, you fire him, or he quits. You don't know to bring somebody up. So if he's a C-suite, you bring the VP, and say, "You're the interim guy to run this department, whatever, the finance, whatever, okay, you run it now." Or you bring the director up, you bring somebody up. If you didn't believe in the guy that was running the entire department,

• 33:11Patrick Bet-David?

  and you think that entire department is infested with people that are now against you, that's when you bring somebody in that you trust. That is the only reason why I see him putting something like this, to say, "Look, give me 90 days, I'm gonna go and see who's who, who's on whose side, and I'll study them very closely, and I'll come back to you, give you a report." Perfect. I trust you to go find who is on our side, who's not on our side. If it's a job to go clean up, well then, maybe that makes sense. But if it's a long-term job, it doesn't make sense to have Bill Pulte at that position long-term. Maybe Bill is gonna be somebody that's gonna go out there and do some due diligence, and take a bunch of guys to lunch, and have meetings, and have different kind of things, and they say, "You know, we can

• 33:54Patrick Bet-David?

  trust this guy. That's part of Tulsi's team, that's part of Tulsi, this is part of Joe Kent, this guy's part of this, this guy's part of you, this guy's neutral, that guy's an old timer that came from, you know, George Bush, that guy's with Biden, that guy was with Obama," and so you're kind of gonna get where they're at. That is the only way I see something like this right now.

• 34:12Speaker 03

  Can I make another counterpoint?

• 34:13Patrick Bet-David?

  Yeah, of course.

• 34:13Speaker 03

  Like, the most qualified by, you know, like, experience of all time is James Clapper. Where did that take us? You know what I mean?

• 34:21Patrick Bet-David?

  Right.

• 34:21Speaker 03

  He had 40 years of military intelligence experience. Like, where did he do any better than any other DNI? Like, I don't know, like, someone tell me.

• 34:29Speaker 06

  Well, it's the same thing as, as George H.W. Bush. He was supposedly the most qualified president we've had in, you know, 100 years. I compare him to Ronald Reagan, an actor, or Donald Trump, and, and yet, he was a one-term president, and most People didn't vote for him because he failed. And then I just, I would say one overarching thing. One of the things that has always bothered me about government and I, I was the chief economist of the Joint Economic Committee of Congress back in the 90s. And we, they keep telling us, we need experts, we need experts, we need an expert here, an expert there, and you gotta know what you're doing and you have to have experience in government. And look where we are.

• 35:13Speaker 06

  Everything just keeps getting worse, not better. And that's with, and we just keep hiring experts. And, and I'm like, it's time to, to not. It's time to reshuffle the, the whole board and bring in people that actually can run a business or, or manage people. And, and maybe it'll make a big difference. I'm not saying he's an, an intelligence expert and I think intelligence is important.

• 35:37Speaker 06

  What is an intelligence expert though, really? Right. I mean, and, but the thing is that, that job's a labyrinth. Like think about all, like there's not a single person in the world who knows every single thing that's going on in, in the intelligence agencies, right? Like even if it's the director of the CIA, he doesn't know everything that's going on in the CIA. So how would he even go about like learning everything that's going on and what each person's about? I mean, I, I think that's an, you know, unrealistic task for him to do if that, if that is the initiative.

• 36:00Speaker 03

  A good manager will know.

• 36:01Speaker 06

  What do you mean? It's a classified.

• 36:03Speaker 03

  No, no, no, no, but you just walk around, see what this guy's about, who's he's having lunch with, what meetings is he taking? I don't know.

• 36:09Speaker 06

  And that's giving him a lot of credit if like directors of the CIA can't know who they could trust. Like, uh, was it John Rakhleth, the director of CIA, said they just came in and installed like things on his computer that he didn't even want them to install day one, right? So it's, it's a crazy position to be in and everybody's trying to stab you in the back.

• 36:23Patrick Bet-David?

  It is a crazy position. And by the way, remember the CIA, CIA has been around for a minute, but, uh, DNI hasn't. I think DNI has only been around for 19 years, 17 years, 20 years. I don't know what the number is. It's, it's not been around for that long of a time. Can you see when it got started, DNI?

• 36:36Speaker 06

  And CIA reports to them.

• 36:37Patrick Bet-David?

  2005, yeah, 21 years it got started. So it's a recent thing that they got started. So, and CIA reports to DNI. So we'll see, a, a little bit slipper slopey. The, the only thing for me is it is a reflection of whether he trusts Tulsi or not and what happened to that team. How deep it's been infiltrated. That would be the only reason for me that he assigns a position like this. Cause you know, he trusts Pulte immensely with the way their relationship is. Let me get to our next story. Next story I want to get into is what happened with 60 Minutes. So we heard rumblings that the 60 Minutes host or reporter Scott Pelley, who has been with CBS since 89, was not too happy with some of the things that was taking place.

• 37:18Patrick Bet-David?

  And apparently, if you look at the online numbers, you will see him making between 5 to 7 million dollars a year.

• 37:26Patrick Bet-David?

  And so, story comes out that all of a sudden, Rob, do you have the letter that CBS gave to him? And then, after giving the letter, you know, they're like, "Look, you come in here, you're not happy, you're making some noise, you're screaming at us, you're telling us what we're doing wrong, you're not following our vision of where we want to go next? Let's just make it easier for you. Guess what? You're fired, and you know, go do something else. You don't have to be here. Go choose to do something else." Rob, while you're looking for the letter, maybe go back to that first video that you had. Go ahead, Rob.

• 37:54Speaker 05

  Yeah, this is about Scott Pelley, one of the best-known stars on 60 Minutes, really, one of the best-known journalists in America. And he's very directly challenging his bosses at CBS News today, creating a bit of a crisis internally. Right now, it's about an overhaul at 60 Minutes, the highest-rated news magazine in the country. Pelley's been a part of that program for decades, and he's claiming that CBS News editor-in-chief Barry Weiss is trying to kill the show. In a staff meeting earlier today, Pelley said, quote, "She was brought in to kill it, and she's been doing exactly that." Now Weiss thinks that's ridiculous, and some of Weiss's deputies believe Pelley was being unprofessional and rude in this staff meeting, but here's what's going on. Last fall, Weiss was brought in by Paramount CEO David Ellison to remodel and renovate CBS News.

• 38:39Patrick Bet-David?

  Okay, so Tom, what's going on there with Scott Pelley?

• 38:42Tom Ellsworth?

  So first of all, that guy there on CNN is just pushing party line. What was going on inside is that people are responding positively to the change that Barry Weiss is putting there, and then you have long-timers that are not. There are quotes from people that was covered. I'm reading two different articles I pulled quotes from. Most people in this building are perplexed. They have jobs, they want to keep those jobs, and they have thought that 60 Minutes has been an arrogant group in the corner for a while. You could see that. You could see Leslie Stahl. This is 60 Minutes, Donald Trump. Also, coming back, the arrogance is beyond reproach. But at the same time, the CBS people

• 39:24Tom Ellsworth?

  understand they'll be affected by Barry Weiss as she changed in plans. Remember, if you're third place in a three-network race, people that are hired are here to change and move it forward. You hear that? So there are people in there that understand that, hey, we're third place, and the 60 Minutes people were arrogant. You can't go off. Our leadership needs to be given a chance. You can't lead a place where you're told you're not welcome and you allowed old-timers to stand up on a soapbox. This was a setup. This was Scott going off for the show. That was just for show. He wants to stand up for journalism and maybe get fired, but does he really care? And what does it change for all of us that

• 40:06Tom Ellsworth?

  are here? The grandstanding thing is in stain. It's third-grade playground bullying stuff. This is not the way you conduct yourself, and what about all of us that are still working? There's the big one. What about the rest of us that are still here working? What did you accomplish? You're not taking down a dictator or someone committed war crimes? You're not interviewing Saddam Hussein. It's amazing. These are comments coming from the inside.

• 40:31Patrick Bet-David?

  And by the way, Nick Bilton, how long has Nick been there? Can you pull up how long Nick's been there? Because that's not coming from Barry Weiss. So how long has Nick been with CBS?

• 40:39Speaker 05

  May...

• 40:40Patrick Bet-David?

  Four minutes, I'm assuming, right?

• 40:42Speaker 05

  Yeah, very, very short.

• 40:44Patrick Bet-David?

  Very short.

• 40:45Speaker 03

  Yeah, May 28th, 2026.

• 40:48Patrick Bet-David?

  And so where was he at before? So Bilton worked at New York Times 2003 to 2016, which is kind of the same time Barry Weiss worked there, right? So they're coming, so they both came, didn't they meet at New York Times? So, so he wrote the article to him, to him. Brian, how are you processing this yourself on what happened here?

• 41:09Speaker 05

  Well, it's kind of interesting. We just talked about Pulte.

• 41:13Speaker 06

  Looking for somebody to fire at the CIA, it would be Scott, it would be Pelly. Like so, so, so, I mean, when there's change coming in, people react. And, and Pelly obviously reacted poorly, and he needed to be fired. And, and I think Pulte coming in is looking to do the same thing. We, we need to change these entities. California is changing. I think all of these things we've talked about today have a, have a similarity. And that is that progressives went too far. And, and, and the political machinery went too far. And, and so it's being pushed back on in, in multiple ways.

• 41:56Speaker 06

  Barry Weiss, Pulte now, the, the Republicans doing well in California elections. And I think all of it is a reaction that they, the pendulum went too far. And the people that pushed the pendulum that far are mad that it's now coming back.

• 42:13Patrick Bet-David?

  And by the way, keep this in mind. So David Ellison, we know where he's at, the role he's playing. He brought Barry Weiss. And Barry Weiss said, our strategy until now has been to cling to the audience that remains on broadcast television. She said at CBS at a town hall earlier this year, I'm here to tell you that if we stick to that strategy, we're toast. And then she said CBS News is still in a linear mentality, and we need to shift to a streaming mentality immediately. Humberto.

• 42:36Speaker 03

  Uh, there's a couple of points here. First of all, we, we play, sometimes we play a few clips from 60 Minutes on the podcast, and we get stricken immediately. They do not understand the internet. Like, if you want your show to do well, you gotta have your clips, you know, like, go out. The second thing, like, these people at 60 Minutes, they're not the best people, Pat. Like, if we, if we start, like, remember the Kamala editing kerfuffle that they had? Uh, they had a problem with Big Tobacco. You know, they didn't wanna, this was around the 90s, they didn't wanna publish one of the interviews, cause it made Big Tobacco look bad. Uh, what else? The Benghazi report that they had to pull back. Uh, you know, there's a bunch of things that they've been toeing party lines, uh, and, and misleading the American public.

• 43:19Speaker 03

  So like, they, they're treating this like as a holier-than-thou institution that can never do wrong. You know, the, the, the apex of journalism. And, and it's just, you know, I, I, I'm not with it, you know, at all. Like, I'm, I'm glad that they're cleaning house, and they need to change the format, and they need to be honest for a little bit, Pat.

• 43:38Patrick Bet-David?

  Brandon.

• 43:39Speaker 06

  Yeah, how delusional is this guy if he thinks that like you see what Fox did with Tucker? And you know, without even thinking twice about it and you know, that's something that's always happened where big companies have gotten rid of their star. If the star acts up and actually he's bigger than the company and you know, things move on without them. So the um, the lack of self-awareness for him to think that he was that big to that degree. Like I, to be honest, I haven't even heard the guy's name. I see, recognize his face now, but I don't even, didn't even recognize his name before the story came out. So.

• 44:06Patrick Bet-David?

  He's no, he's no. This guy's known and he's done some of the biggest work for 60 Minutes. This is.

• 44:11Speaker 06

  But not on Tucker's level, though.

• 44:12Patrick Bet-David?

  No, but 60 Minutes, if you think about a show that people would never miss. You know, at the same time, you know, you're sitting there, you would watch, they would format it with two or three stories. It's actually a very good system and it was a good product. It's actually a very good product. Now, they could adjust and they can do something to it. So, but this guy's a household name. Every president knows who this guy is, just so you know that. Every governor in America knows who this guy is. You know, most billionaires in the media space, they know who this guy is. But the question now becomes the following. Yesterday, we had Mehdi Hassan here. We had a good conversation with him. And he had an issue with MSNBC. He left, he was able to make it.

• 44:53Patrick Bet-David?

  And Mehdi built a good business for himself. He's now a proud capitalist. We had a nice friendly fight yesterday, which you'll see. When it comes out, I kept calling him capitalist and he kept calling me other things, but we had a good time together. It's made for TV. But he had the capabilities of doing it independently. Now he makes more money than he's ever made in his life. And he's, he's doing very well. Tucker left, probably making more money than he's ever made in his life. He's doing well, right? This guy can't go do a podcast. He needs CBS. See, there's different kind of talent. There's a kind of a talent that you're a one day, you can go and do anything you want and you're gonna have people coming for your opinion. No one in the world wakes up and says, I wonder what Pelly thinks. I wonder what Pelly thinks about Iran. I wonder what Pelly thinks about economy.

• 45:36Patrick Bet-David?

  I wonder what, they don't do that. So where does he go to next? Does MSNBC go pick him up? MSNBC, does CNN go pick him up? Does he go to ABC? Do these guys bring him in and try to like one of the old timers that they used to work at CBS? That they left to a different place? Hey, let's bring Pelly. He'll bring the audience. Is he an audience puller? No. Like, is he somebody that's gonna? Or did this guy have a job of a lifetime that one day he woke up and got so arrogant that he lost it? He's gonna say, how the hell am I ever gonna make five to seven million bucks a year? There's different types of guys that you work with. So I don't think he's the guy that's gonna go anywhere and get that kind of money. I don't think he is.

• 46:12Speaker 06

  It's a plum job, like a Wheel of Fortune type of job, like where you just get lucky and get one of those jobs where it's a cable TV and you're the face of it and you make millions per year. But yeah, no, that's a once in a lifetime type of situation.

• 46:23Speaker 03

  In his statement, he was talking crap about podcasters.

• 46:26Speaker 06

  Now he's gonna be one.

• 46:27Speaker 03

  Yeah, now he's gonna, he's not gonna be one. The thing is, I get a lot of my next talking about content creation and everything. And when they first ask me about what equipment to buy, I immediately know they're not gonna make it. You know what I mean? Because creating content, and Pat does this all the time. Like, sometimes I will go on my feed and see a Pat video where he recorded by himself in his house on a Sunday. And it does, it does great. Like, content creation is something that needs to come from you. Like, if you are able to do it with your own phone, your own script, in your own house. And I don't think this, this generation of guys has it in them to create content all the time. Tom does it all the time as well. You will go on your walks, you know, record yourself and make some great points, you know? So I don't think, I don't think he has it.

• 47:10Speaker 06

  It's a genuine burning desire to talk about something, not the desire for attention.

• 47:14Patrick Bet-David?

  You know, you know what the challenge is? Here's, here's the challenge. When you lack self-awareness and other people in your ear tell you how important you are and you buy it. You buy it. You have to be so careful. There were guys that won for president in 2020 and I told them, you're making the biggest mistake. Now, 2024, you're making the biggest mistake of your life, not making a phone call to the president, governor. Self-awareness, why? Who's telling you what in your ear? Hey, you got it. Hey, you're better. Hey, he's not gonna, hey, it's you. You have to know the power of positions in every business structure. I think this guy royally screwed up. Good news is, he's worth 13 million dollars, as of right now, to 15 million dollars.

• 47:58Patrick Bet-David?

  Where's Matt Lauer, by the way? What's Matt Lauer doing lately? Where is he at? Yeah, he has a $47 million house in Watermill, I think. He has a beautiful home that it's one of the most beautiful homes in Watermill in the Hampton area. Is he trying to sell his house? What happens next? Hopefully, this guy also bought a house that he bought it for 5 million, that he's now sitting on 25 million, and he needs to sell the house for 25 million and go buy a small little place in Hamptons or something for 3, 4, 5 million dollars. I'm not talking about Matt Lauer, Rob. You can type in Matt Lauer's house. I'm talking about Scott Kim. Matt Lauer has a ridiculous house. So some of these guys, if they invest it properly, they have some money. Is that the house? He's got a ridiculous house. I remember 47 million.

• 48:42Patrick Bet-David?

  Yeah, 44 million bucks. There you go. So is one's trying to channel something, saying the price of 43? Is this the one who was trying to list? Yeah, it's been listed since 2019. So, you know, again, self-awareness. Be careful who's in your ear telling you. All of these podcasters that they make fun of, they could never be able to do podcasting. They could never be able to do the podcasting. Podcasting requires strong opinions, being willing to get in there, get your ass handed to you, being wrong, being in the ring. It's, some can do it, it ain't for everybody, especially to replace 5 to 7 million. Replace 5 to 7 million of revenue and sponsorship dollars. See, that's not easy to do. So anyways, we'll see what happened with them. I'm sure we'll follow the story closely.

• 49:27Patrick Bet-David?

  Let's go to the next story. Next one I want to get to is the 1.8 billion dollar slush fund that they were talking about. The president was talking about. Story comes out Daily Mail. Trump abandons the 1.8 billion dollar slush fund in humiliating U-turn as his own party turns against him. Of course, that's Daily Mail. I'll read this to you. Donald Trump abandons the 1.8 billion. The fund was created as part of a settlement of Trump's 10 billion dollar lawsuit against the Internal Revenue Service over leaking the 2019 tax return to the media. Lawmakers from both parties have criticized the president and labeled it slush fund. It's now being killed after Speaker of the House Mike Johnson raised objections. To the White House Fund during a private meeting with the president on Monday afternoon, "It's debt for now," one senior administration told Axios.

• 50:12Patrick Bet-David?

  Republicans have opposed the fund over fears it would provide monetary compensation to J6 Capitol rioters who assaulted police. John Thune is holding hostage a bill Trump wanted to fund immigration enforcement. The GOP leader said he would not advance the legislation until Republicans received assurance that the fund would not be used to pay the president's allies. Tom?

• 50:37Speaker 00

  This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed sponsored jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed sponsored jobs. Get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Hiring now? Then this is a job for Indeed sponsored jobs.

• 51:07Speaker 07

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.

• 51:36Speaker 05

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• 51:55Speaker 07

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• 52:05Tom Ellsworth?

  Oh, two things going on in this thing. First of all, there are people that didn't like it because they don't like who's getting paid because if the J six people, Pat, let's say some person J six is given $200,000 to help cancel out all those legal bills that they had that they were illicitly, you know, illegitimately prosecuted. Okay, fine. But what's deeper in there is the enemies of this bill, and I think John Thune is one of them, which is why he's holding hostage immigration bill. They didn't like the fact that they claim inside this bill is also a Trump amnesty clause on taxes and tax related matters.

• 52:46Tom Ellsworth?

  So as it goes in Washington, if you don't have a single purpose bill, you never know exactly what everybody's upset with. Remember we recovered the Biden inflation bill and we peeled that back and we proved there was money going to Ukraine and other things. We're like, wait a minute, the Inflation Reduction Act domestic, more than half of the dollars in it were going internationally specifically to the Ukraine war? Stop. And there's an example of the other side. People didn't like that Biden bill because they said, no, no, no, there's a bunch of bad stuff in it. So here what you have is this isn't just a single purpose bill and it's got the amnesty thing in there allegedly.

• 53:27Tom Ellsworth?

  And people are concerned that it's only going to go to friends of the president. If this was an independent commission like the, you and I talked about this six months ago, the asbestos decision commission where we were trying to find all of the victims that legitimately suffered from asbestos from US Navy shipyards. Find the legitimate victims and let's see that their families are paid. This, people thought this was a little one sided and that's why they were all flipping out and even John Thune said, stop it. I'm holding this immigration hostage unless you, Mr. President, drop that.

• 54:06Speaker 03

  Alberto. I mean, we can't forget what's behind this, alright? These people that went, they literally thought that the vote was stolen. And not all of them, some of them committed crime. They weren't treated unfairly, like, we saw law for- I agree. We saw law for against the president, against Americans, you know, they were sitting there and they have the constitutional right of freedom of speech. So this is a shame. And then again, this goes into a deeper problem, Pat, that needs to be fixed immediately. I mean, not immediately, but we need to start thinking about it. Bills are getting too big. Like, nobody knows what these packages mean anymore. Right. Like, nobody reads them. They come in, they put, they put in a hundred issues on these bills.

• 54:50Speaker 03

  Nobody's fully happy with them. They negotiate, like, okay, I get this, you get that, I get this, you get that. And this things happen. Like, some people get treated unfairly, some things that the American public doesn't want, they get passed under a bill. So, I don't know, I think, I'm a single-subject bill guy. And it will fix a lot of problems in America if we had, like, clear bills. Right.

• 55:14Speaker 05

  Yeah, you know, I'm kinda glad this thing is gone because it was such a hot-button issue. I mean, giving money to people that potentially beat up cops on January 6th. I do not believe everybody there was wrong. And I believe many of those people were wrongly imprisoned, not taken care of well. They deserve compensation somehow. I don't know what to do. But, but, here's the problem. To government, it doesn't matter. It's just another, I mean, they have a seven-and-a-half-trillion-dollar budget. 1.8 billion dollars is a rounding error. It's not even a rounding error. It's less than a rounding error.

• 55:59Speaker 05

  And so they're just kinda getting away. You pay them some money and you get away with- Wronging people and and the thing that bothers me the most about lawfare and and people breaking the law and government is that most of them go scot-free and and it seems like Trump and his and and his first year uh his first term staffers and I can think of a bunch of them who who have massive legal bills were thrown in jail. Steve Bannon like like and and that should have never happened and whoever did that to them, they need to be punished and and so Trump for some reason they're not getting

• 56:42Speaker 05

  punished, so we came up with this idea of well, let's pay them and and I think we we need to do is punish the wrongdoers and the people who use lawfare rather than just compensating people who have been wrong.

• 56:57Speaker 06

  Yeah, and I mean, I was the thing I was most upset about when he first got into office because he had maximum political capital, like probably the most political capital I've ever seen in my life of somebody coming into office and just having the backing of the public to do whatever he wanted, right? You know, he he had enough of that to really go extreme and root all of that stuff out, the people that did what you're describing there and rather than that, yeah, it like a little bit of a payoff and then and at this time, like timings everything and with the Iran war stuff going on with inflation going on, it's a you know, it's not a politically palatable time to try to push this and you know, down the public's throat. So I I wish he came out like hot and heavy, clear and all those people out in the first place because that's something that's going to persist. You know, now the precedent's been set. If he didn't if he hasn't rooted out, then it's

• 57:41Speaker 06

  going to like keep going on for anybody who tries to run the same way that he ran.

• 57:45Patrick Bet-David?

  Rob, do you have that story, Rob? You were talking about where he is talking to an ABC reporter and do you have that?

• 57:52Speaker 05

  Yep, this is it.

• 57:53Patrick Bet-David?

  No, go ahead, Rob. Trump told ABC News, he will abide by recent court rulings temporarily.

• 57:59Speaker 04

  blocking his 1.8 billion dollar weaponization fund. We are subject to the courts, the president said. At this moment, that's what it is. Trump said the fund, which could grant payments to people who are

• 58:11Patrick Bet-David?

  trying to be a king, like, Rob, you made a point earlier. Would a king be OK with the court not saying yes to him? I mean, you're just that statement alone destroyed an entire march that people are doing. That's devastating to a community, Rob. This is, this is horrible news to the no kings protesters. Did this man that's trying to be a king just said, well, if the court says no, we can't do nothing? Tom, how do you feel about that? I know, you know, you're deeply concerned about the no kings protest, but.

• 58:41Tom Ellsworth?

  I think you're absolutely correct, and I, I like what Brandon just said. With all the political capital on day one, he should have said, I am appointing a 9/11 commission for J6, and I'm going to have a commission. I want to know, did Pelosi call down the Capitol Police? Did she back them off? Did she refuse them? And for all the people that were incarcerated, let's re-review the cases one by one. And so you could have had a commission that did both. You're guilty, you're guilty, you're corrupt, and you five guys were sorry you had to spend time. Here is a settlement from the United States of America. And you could have put the whole thing in a commission that looks even handed on both sides. Because I wanted justice.

• 59:26Tom Ellsworth?

  I didn't like just the sweeping pardons. I wanted to see both sides brought to it so that we could say as a country, OK, bad day, bad people, bad decisions, corrupt motives. Here they are, bright light of day. Here's the commission. This is what we're doing. I wanted to see that. And then to do it this way, and also you've got the, the immunity thing in there, Pat, then that, that just becomes just another Washington bill where you're, you're packing stuff in there that people didn't know about, and then people point it out, and then it looks bad.

• 1:00:01Speaker 05

  You know, you know what? It's a perfect point, because if they would have done it individually, how many cities have given money to the families of victims of the police? Or that were wrongly committed? So, so why wouldn't that be OK?

• 1:00:17Patrick Bet-David?

  Instead of like, like, everybody together? That's a good point.

• 1:00:20Speaker 05

  1.8 billion, you sound like that's too far.

• 1:00:24Patrick Bet-David?

  Yeah. Can they not go back and readjust, or it's too late? Can they readjust?

• 1:00:30Tom Ellsworth?

  I think.

• 1:00:31Speaker 06

  With this money?

• 1:00:32Patrick Bet-David?

  Yeah.

• 1:00:32Speaker 06

  I don't think, I think they have to do a whole new process.

• 1:00:34Patrick Bet-David?

  For sure, but some of these individuals, dude, they went to jail for no reason. They're sitting there, what are you talking? Imagine you, husband and wife, the kids don't see the father for, for a couple of years, you're away.

• 1:00:43Speaker 06

  Yeah.

• 1:00:43Patrick Bet-David?

  So.

• 1:00:44Speaker 06

  He was standing next to the building.

• 1:00:45Patrick Bet-David?

  Yeah, because he was standing there, so can they go back and individually go through each one of these? Or no?

• 1:00:51Tom Ellsworth?

  They could do a commission right now, Pat. They could restart right now. My, my point about Brandon was on day one, with all that political capital, you could have got it done in a heartbeat.

• 1:01:00Patrick Bet-David?

  Well, we, what I'm saying is that was a screw up. Let's just say that's a fumble that they made. Now, what do you do now?

• 1:01:05Tom Ellsworth?

  I'm not doing the slush fund. I want to point a commission and I want to know the people that were corrupt. The cops, I want to do everything. He could turn that and do it right now.

• 1:01:14Patrick Bet-David?

  I hope he does that. I hope he does that because there were some people that were unfairly accused of things and it disrupted their lives in a major way. Okay, let's go to the next story. Next one I want to get into is a business story. Microsoft introduces these new AI badges. I don't know, folks, if you've seen this or not. Humberto was showing to us this morning. Microsoft's big new idea for AI gadgets is a badge with a camera. Did you say camera? Yes, a camera. If you want to go a little bit lower, Rob. AI gadgets weren't on my Bill Bingo card, but Microsoft had other plans during the unveiling of Project Solora, a new platform AI agents launched by Microsoft during its annual developer conference. The company also unveiled two new concept devices. One of them is here to revolutionize the form factor.

• 1:01:58Patrick Bet-David?

  We've been all eager anticipating next generation, the humble badge. Go a little bit lower, Rob.

• 1:02:04Patrick Bet-David?

  They got our old badges are so flat and small, screenless, which is fine. And so outdated, which is why Microsoft's next gen concept badge has loads of bells and whistles like a touchscreen, a fingerprint sensor, wifi, 5G connectivity, a microphone for voice inputs and recording. And I'm not joking, a side camera facing camera. Okay. So in other words, it's watching everything you do to demonstrate this last part of Microsoft. Technical fellow, Steven Batch, he gave a brief demo using a prototype on a stage by uttering the phrase, co-pilot, Rob, do you have the video? Can you go pull that up? Yeah, if you want to pull that up for the video, because I, so what do you do? Imagine you, you're going to the bathroom with your friend and you're like, hey, can you hold my card? I'm going to go inside, use the bathroom and I'll be out. Why? Dude, I don't know what they're recording when I go to the bathroom. Right?

• 1:02:49Patrick Bet-David?

  You know what I'm saying? Humberto, you saw the story. What are your thoughts on this story? Do you like it if we used it here at the company?

• 1:02:56Speaker 06

  He wouldn't be here anymore.

• 1:02:59Patrick Bet-David?

  That's a good point. We will learn. Yes. What a great. What Brandon does. So I like.

• 1:03:06Speaker 03

  Oh, no, I will be sent to the Hague.

• 1:03:09Speaker 03

  But anyhow, look, it's good and bad. If you're a business owner, like for example, we sometimes we have meetings. We obviously, because Florida is a two, two, like a recording, you need to have two party consent here. But we'll say, hey, we're going to be recording this so we can have a transcript. And then we put the transcript through AI and then we get action items. We get all the notes and we get everything. So having a constant transcript of everything, I'm going to get hated for this, of everything that is going on. It's very useful if you're thinking about productivity. And then you have the privacy concerns, like you have this illusion of privacy everywhere. But there's cameras everywhere. Your phone is listening to you everywhere. You post things on Facebook.

• 1:03:48Speaker 03

  So I'm, I'm, I'm a little bit split. And then the other thing, big corporations, they want to get more data on how and what their employees are doing to train models. To probably replace them down the line. So, so there's three roads, three concerns. I'm very split on this, on this one. I don't.

• 1:04:05Patrick Bet-David?

  Tom, where are you at? Is this something we should do as a company or?

• 1:04:09Tom Ellsworth?

  No, I think, well, I think what you have to conquer is.

• 1:04:11Patrick Bet-David?

  You can wink if you want. I'm just. Give me a wink or something.

• 1:04:18Tom Ellsworth?

  No, I think, look, at a time where everybody's complaining, you know, employees are complaining, oh, AI is going to take part of my job. Maybe it's true, maybe it's not. And companies are complaining, I hated 2022. Everybody walked across the street, got a job offer at lunch and held me hostage for a raise. I want to work from home for a 20% raise and my dog is my admin assistant and he gets a salary of 15 grand. You know, I'm up, by the way, Pat knows I'm not making a lot of that up. In 2022, you know, and what do companies have to do? They said, well.

• 1:04:53Patrick Bet-David?

  You were bullied.

• 1:04:54Tom Ellsworth?

  You're a bully and they did it for certain employees. Now the pendulum goes the other way. And, you know, the Microsoft comes out with the, the German management program. You know, we see what you are doing. And with the badge. And so I think this doesn't build trust. And everybody's been talking about trust. Why doesn't my company trust me to work from home? I happen to think that if you're working from home, it's hard to build mentor people you're supposed to be mentoring. That's my opinion. So I don't really believe in work from home.

• 1:05:30Patrick Bet-David?

  Rob, I found the video. I'm sending it to you.

• 1:05:32Tom Ellsworth?

  Except for rare contracts. And this, I think it doesn't add to trust. If you want trust with your employees, then this validation takes it to the point, Pat, where it's like, well, the company doesn't trust me. Everything's got to be proven. And if you want to build a culture around trust and mutual, you know, collaboration, this just makes people, I think, more mercenary.

• 1:05:56Patrick Bet-David?

  Yeah, I want to show this video. And then Brian, I'm going to come to you. Watch this clip. Go to 30 seconds, Rob. Go to 30 seconds. Go to the bottom. Yeah, you're, uh, press play and just move it up to 30 seconds. Can you do that or no?

• 1:06:07Tom Ellsworth?

  And I agree with you.

• 1:06:08Patrick Bet-David?

  Is that allowing you? It's not letting you do it? Okay.

• 1:06:13Speaker 06

  This visual badge with a lightweight form factor designed for agent interactions on the go.

• 1:06:21Patrick Bet-David?

  He's about to take it out and you'll see how it works.

• 1:06:24Speaker 06

  All right. I have here the early prototype of the badge.

• 1:06:29Speaker 06

  And so, thanks. And using my fingerprint, I jabbed unlocked the device and I've accessed now all my agents in a secured manner. And when you look at that, I already have a task. And it says, gather content for your social media posts for today. So why not just do it right now, right? So I'm going to hit record. And then now the device's camera is recording. And I'm going to pan across. If you don't mind, I'm going to take your shot. Yes, thank you. Copilot, find some good shots from this. Clean them up and then send them to me. So for me and my team to review. All right. And then there you have it. Now my agent is off, ready for multiple tasks. I actually clean this up and send it to me and the team. That's pretty cool.

• 1:07:15Speaker 00

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• 1:08:15Patrick Bet-David?

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, thehousemajoritypack.com. Not authorized by any candidate or candidate's committee. Imagine building an app with your name on it. With Base44, describe what you want and watch it take shape. You can plan, customize, and expand in any direction. From passion projects to enterprise-grade systems,

• 1:09:00Tom Ellsworth?

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• 1:09:14Tom Ellsworth?

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• 1:09:28Speaker 06

  Restriction supply.

• 1:09:32Patrick Bet-David?

  It'd be interesting. Did you see what it did? It's pretty crazy. Brian, what do you think about it?

• 1:09:37Speaker 05

  I mean, to the extent that it can improve productivity and build teams and have them work together, I think that's fine. You know, Meta, I think it's Meta, right? Came out with glasses and I remember talking to somebody some, one day. I had no idea they had Meta glasses on and our whole conversation was recorded. Now, it was a friend and they said, "Look at what I just did." And, and you haven't, you don't know. And, and, and I think what it's, what it's gonna do is make people not trust other people even more. Um, and, and you'll just have people zip in their mouth and not having conversations. I, I worked in DC, as I said, um, and the, the line that they told me the first day is,

• 1:10:19Speaker 05

  "Don't say anything that you don't want on the front page of the Washington Post." Ever. Like, and now that means even more because not only can you record it on your phone, but you can record it on this badge and you can record it on these glasses and nobody knows you got it. Yeah, I mean, it's incredibly valuable for the company. I mean, imagine how you could hold people accountable and call people out. Like, "Oh yeah, were you doing this project from this time to the other time?" "Yeah, I was." And then you just look at their badge and see exactly what they were doing the entire day. And then like the, you know, remember the term data is the new oil. So I've, I've spoken to companies in the past couple of weeks. There's companies that are paying millions of dollars to companies to get the data of their Slack channel just to put it in their, um, you know, their AI, um, uh, algorithm.

• 1:11:03Speaker 05

  So, you know, the, the amount of data that you could get from walking around the badge, every employee, what they do, how they walk around, how they spend their day, the type of tasks they do. That, yeah, that's invaluable data. But from the humanity standpoint, you know, with the amounts of litigiousness and, um, HR violations and lawsuits in the society, you know, like, I mean, how much does that grow? Like, that goes exponentially. Imagine the things you say throughout the day that could be taken the wrong way and you could be sued for, or...

• 1:11:30Patrick Bet-David?

  Investigate by HR for. Yeah, so I I think about it from a couple of different places. So one of the ways I think about right now, you can leave a company. Who is more protected today, companies or employees? Think about it. Who's more protected today, companies, corporations, or employees? Probably employees. Probably employees. Okay, so if you leave a company, where do you go to to write a negative review about a company? Last door. Plenty of different places, right? Okay, what if? What if the employee's a bad employee? Where does the employer go to and report the bad employee? Nowhere. Why not? What if that were to happen? Then it's what?

• 1:12:13Patrick Bet-David?

  Then it's fair. So employees will hold companies hostage. I'm gonna go and say this, if this, right? What do employees care about? When you leave, just look, leave, go do your thing, we're good. You know, but don't steal, don't do this, don't do that. We've had a couple of instances where a guy literally stole. You know, literally stole from us and he's getting a felony right now. And we had another guy that stole clients. And that happens in business when you go through it. We have plenty of guys that leave who leave on good note. And what do you do? Recommendation, anybody can call us, we want to make sure we recommend it. Why? Do you really think employer wants bad relationship with previous employees? No. Who does it benefit? Nobody. It's expensive.

• 1:12:58Patrick Bet-David?

  But I do think there's an element right now of the fact that employees need to be held accountable. I just don't know if this is one of the ways of doing it. Like when you hire engineers and coders. Nowadays, they have the system to be able to track how much you're coding a day. And you know, nowadays engineers can find out like one of the things that that this big consulting firms are going through is the following, for many years, say I'm a Fortune 1000 company, I'm the CMO, I want to come to the CEO and say, hey, we need to green light this 15 million dollar marketing campaign that I want to do with this commercial. Before I go to him, I say, look, my last meeting will be Brian. I use a million dollar budget, I go to McKinsey, I give him this, I say, hey, McKinsey. Can you write me a report of my idea here if it's a good idea or not?

• 1:13:43Patrick Bet-David?

  Then I go to him and say, hey, Brian, I have an idea on what I think we need to do. The budget is going to be one, uh, fifteen million dollars. Brian's gonna be like, fifteen mil- yes, fifteen million dollars, but before you jump to conclusion, here's a report I did with McKinsey to see how they felt about it, felt about it. And here's a twenty twenty page report. I have the summary, that's thirteen pages if you want to read it, but I got both of them for you. They scored at eight point three that this is a good idea. Then what does Brian say? If he doesn't trust me as a CMO, he goes and says, well, guess what? I trust McKinsey because I've used McKinsey the last seventeen years. I'm gonna go through him. You know what's going on with McKinsey right now? Yeah. So McKinsey, if you did a project with them, you pay two to five million bucks and they hire six to twelve people and you're paying them three hundred to five hundred dollars an hour and they tell you it's gonna cost you this much money.

• 1:14:25Patrick Bet-David?

  They have, they created a software that they have that does that, but it does it in a couple hours instead of it taking six weeks. And today, for ten thousand dollars on Claude, you can have that same report being done for ten thousand, save the two to five million dollars. So the relationship now with these consulting firms, the problem is what? Hey, I don't want to pay you a fee for a report anymore that Claude can write for me. I'm, I'm not good with that. So there's now accountability, what sides? Both sides. I want you to give me a report because I can do this on my own. I still want to work with you, but I don't want it to be fifty percent I pay the fees, fifty percent on the growth of my company. All right, now they don't have a choice, they have to just. So I, I think this next phase,

• 1:15:08Patrick Bet-David?

  i- if, if I'm introducing a badge like this, there's gonna be a lot of other accountability badges like this that are gonna come out. You know how I would introduce it? I'm gonna put this introduction to you and in return, for those of you guys that fully committed is I'm gonna double your PTO, I'm gonna double your whatever. I'm gonna give that, uh, uh, what do you call it? The incentive to be willing to be accountable. You get this? I get this? Guys, I'm happy. If we're all gonna be more productive and you're able to do your job in half the time, guess what? In return, I'll give you X, Y, Z. I don't know where it's gonna go, but I think there's a relationship with the employer and the employee.

• 1:15:42Speaker 03

  I think I, I have a fair trade for this. Uh, if, if, no, no, no, it's an idea. If the badge is the only communication with the company. So you, you're there, you're monitored, you're working the eight hours, but once you hang your badge and walking out, that's the only way to communicate. So you get, get your eight hours of uncontacted, you know, like.

• 1:16:01Patrick Bet-David?

  But there's no way the badge leaves this place.

• 1:16:03Speaker 03

  That's the thing.

• 1:16:04Patrick Bet-David?

  There's no way the badge, I would never allow that to happen. I don't care what you do once you leave that place, that's none of my business. The badge, you hang it up. There's a security card to come into the building and there's a badge you put on when you go to work. You come, you put the badge on the moment you're in here and then when you leave, you know, key card, boom, hang it up, go back.

• 1:16:21Speaker 03

  And then I have another idea. You mentioned glass door to hold companies accountable. We should have concretewall.com stopping your career. So that's where companies review their employees.

• 1:16:33Patrick Bet-David?

  Oh, but just so you know, we went down the rabbit hole. We went down the rabbit hole of that product. I'm being serious with you. We went, because you know, you know, you know who would, you know who would like something like that? Who do you think would be frightened with something like that? What types of, no, not employees.

• 1:16:48Speaker 03

  Bad employees.

• 1:16:49Patrick Bet-David?

  Exactly. Guess who would love something like that?

• 1:16:52Speaker 03

  High performers.

• 1:16:52Patrick Bet-David?

  Exactly. So imagine I go online, I'm like, Humberto's got a 92 and these are the recommendations he got from his previous bosses and this is what he's done? We were gonna offer him $82,000, give him 120. This is a guy we want. No, but do you understand like a place that it does the reference for you? FYI for some of the people that are saying, let me go on Claude and try to create this. You know what your number one challenge is gonna be and the hurdle is gonna be? Many, many states and countries you can't do that in. Just so you know, you can't, you can only do it privately, you can't do it public. You can't score employees public then put it out there. Tom?

• 1:17:25Tom Ellsworth?

  Lawyers, personal injury lawyers will be all over this. Oh, it only takes, you say it only takes one rogue employee to create a reputation challenge for a company. I say it only takes one rogue boss to destroy a man's career forever. And the lawyers would come out on this. And because one, so tell me the definition, Humberto, the word nice.

• 1:17:54Tom Ellsworth?

  By the way, you can take this up.

• 1:18:02Speaker 05

  Never heard that a word before.

• 1:18:04Tom Ellsworth?

  There is a transcript of a famous trial where the lawyer attempted to get someone to say, Patrick, as I ask you today, define the word nice. Well, he couldn't. What is nice, right? So, nice to you is not nice to me. So, also, the lawyers would be all over the place that there's no standard. There's like no standard. And so, unfortunately, bad employees can put whatever they want on Glassdoor. You gotta overwhelm it with good reviews. And then, you know, HR's gotta be on the ball and on top of responding to Glassdoor because it's just disgruntled people that didn't work out.

• 1:18:46Tom Ellsworth?

  And if you had companies saying this about people, it would just be in court forever because people would say two things: discrimination, retaliation.

• 1:18:57Patrick Bet-David?

  Yeah, I know. But by the way, it's a phenomenal product, phenomenal, phenomenal product. And can you imagine if you got badges? Like, imagine if that report showed, like, let's just say we made you an employee of the month right now. And you go into a report and he say, hey, Pat, you know, since I got employee of the month, can I get that badge on XYZ.com? For sure. Yeah, matter of fact, he signed off by my CEO. Great, stays permanently. I can never remove it, even if I'm upset at you. Hey, if I got outstanding on my report this year for calibration, can I put that on there and you approve it? Absolutely. This is my fourth outstanding. And then all of a sudden say, we get upset at you, that's permanent. I can't change it. I thought you used to love this guy. What happened all of a sudden? You know what I'm saying? So, there's an element of protection for the people that are working.

• 1:19:39Patrick Bet-David?

  But again, if you want to take that idea, build it, come back to us, we would actually be a customer.

• 1:19:43Speaker 05

  I mean, one thing technology does is make it, in small-town America, small-town world, everybody knew everybody's business. They knew whether they were a good employee, they knew whether they were bad, they knew whether they were drunk, they knew whether they were cheating, they like, they knew everything. And in a way, that's what technology is doing. We just have to be careful how we're doing it.

• 1:20:05Patrick Bet-David?

  Yeah, and I'm with it. I think there is opportunities for this to be a positive, positive impact for it, but we'll see. We'll see what happens. Some places it's too much. I do think it's got to be a collaborative conversation with the employees and the team to see how to introduce something like this. By the way, Rob, you ran a poll. Seventy-four percent said they would never allow to use dispatch. Twenty-six percent agreed. Seventy-four percent said they're not with it, just so you know that. Okay, so let's go to the next story here. Next story, similar thing, but different. Remote work is worsening youth unemployment, New York Fed finds. This is a CNBC story. So a lot of times we're saying AI is the reason why they're losing their jobs, but apparently it has to do with the

• 1:20:49Patrick Bet-David?

  desire to want to work from home. Go ahead, Rob.

• 1:20:52Speaker 04

  New research from the Federal Reserve of New York finds that the biggest obstacle for recent college graduates to get a job and to move up is not artificial intelligence. It is remote work. Among the findings, the unemployment rate for younger college graduates from 2022 to 2025 was 3.7%, up 20% from before the pandemic. But older college grads were more likely to not only be employed, but stay employed. This report writes as follows. "Our analysis suggests that these trends are related with remote work making it more difficult for managers to train and mentor new employees."

• 1:21:31Patrick Bet-David?

  Okay, so, parents, if you've got a kid that wants to have a remote job, discourage him from doing it. The easiest way to be competing against all the other kids that are trying to get jobs is be present in the office. By the way, that 3.7% he just quoted from 2022 to 2025, you know what that number is right now? 5.6% unemployment for college grads. And if you go a little bit deeper with these numbers, very few Gen Z workers, 6% prefer fully onsite work. A Gallup survey from May 2025 found that most 71% said they would prefer a hybrid arrangement, working from home as well as from the office time.

• 1:22:07Tom Ellsworth?

  So there's adjustment from college to work. And this is something, having a college student, I can talk about. So you work from the library. You go to work from your dorm, but your dorm mate's there. Her sister is in from out of town, a little noisy, so you go to the study hall. And so you're always in a hybrid situation in college. And then you go to get a real job and they point to the cubicle. And a lot of these Gen Z's are like, oh, my gosh, I can't do that. This is like those episodes of The Office. So there's a cultural shift. But the other side of it is, what was in there was, quote, "Employers may not want to hire fresh graduates onto distributed teams

• 1:22:52Tom Ellsworth?

  because it's more difficult to teach them the skills from afar." So I have two openings on my team, Pat. I want to go hire two students. I need them to be in the office. I got to teach them. We got to mentor them. We got to bring them into our culture. And from afar, you can't do that. Maybe you could do your modeling, but how do we bring you into our culture? How do we do all that? You can't. And so moving from college, which is inherently hybrid, off-site, and getting your head around full-time in a place is difficult enough for college students. But now they need to understand and remember, in college,

• 1:23:33Tom Ellsworth?

  once you listen to the professor's lecture, who's responsible for you? You. You have to go study. You have to do your project. You have to write your paper. It's all on you individually.

• 1:23:44Patrick Bet-David?

  Yeah.

• 1:23:45Tom Ellsworth?

  And so there's a mental mindset they have to get over. But then, once they're there, they need to understand, how do I mentor you from your bedroom in Passaic, New Jersey?

• 1:23:55Patrick Bet-David?

  Yeah, I mean, it's like the dumbest idea to want to be able to have something like this. And you know what's a big part of it, Tom? Is when you're first coming up, if you don't think it's on you to earn the right to dot, dot, dot. What does that mean? You have to earn the right to have certain, you know, advantages. You don't just say, well, no, you know, this is what I want, or else I'm not going to work for your company. Great, don't go make it on your own or go to a different company. You won't be culturally vested into that company. That company, when they're going through a list of people that you look at, you know, and say, well, let me see my top 15 to 20 people that I can't lose in a company that are the most valuable people in the company. You will never be on that list because you're not a cultural hire.

• 1:24:40Patrick Bet-David?

  You're just a person that's doing what anybody can do. Unless if you are so amazing at what you do that you can go out there, but that typically takes a few years of having a reputation. To say, for instance, you bring a guy who's in sales. And sales guy's like, look, I'm hitting my numbers. Here's what I got going on and I'm working a certain job. And it's let you say it's 1099 type of a thing. Well, you have a lot of flexibility. You've earned the right to do it. But a new kid coming out of college saying, well, this is what I need or else you're hurting your chances of having a landing, a good job. And it doesn't mean you won't get it. You may get it. But the moment that company goes through trouble times, they're like, look, who's that guy? Why are we paying him? He works for them. Let's just move on with everybody that's working for them. We're just going to work with people that are internally. Humberto.

• 1:25:25Speaker 00

  This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed sponsored jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed sponsored jobs. Get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Hiring now, then this is a job for Indeed sponsored jobs.

• 1:25:55Speaker 00

  When you shop Kroger delivery, you can expect the savings you love and fresh groceries delivered right to your door. From delicious produce to everyday essentials, enjoy the convenience of delivery and the trusted selection you've come to know from Kroger. Because bringing you fresh, quality groceries is what we do best.

• 1:26:13Speaker 05

  Right now, enjoy free delivery on orders of $50 or more with your digital coupon. Restrictions apply. See site for details. Kroger. Fresh for everyone. Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.

• 1:26:54Tom Ellsworth?

  USAA knows dynamic duos can save the day, like superheroes and sidekicks, or auto and home insurance. With USAA, you can bundle your auto and home and save up to 10%. Tap the banner to learn more and get a quote at USAA dot com slash bundle. Restrictions apply. Imagine building an app with your name on it. With Base44, describe what you want and watch it take shape. You can plan, customize, and expand in any direction.

• 1:27:22Speaker 03

  From passion projects to enterprise-grade systems, everything is built in and ready to launch. No matter what you're building, any builder needs Base44. Go to base44 dot com.

• 1:27:39Speaker 03

  I find this insane. Like, hiring entry-level job people as a remote start is... I can't... It's crazy. Like, this is my opinion, but I think you earn the right to work remote sometimes, all right? Oh, boy. No, no, it's true. You earn their right to work remote sometimes when you have a system. Like, the only reason I can be here in the morning is because I build a system and I mentor people enough so I know they're doing what they have to do. And I can just text them. Same with Pat. Pat will travel, whatever. He will get his job done on the airplane, on the tarmac, anywhere because he has a system built. So I think you earn your way into a remote work. The second thing, it's the youth. It's shooting themselves in the food. I can name so many of my mentors. Since I started, they taught me, like, business lessons that you can...

• 1:28:23Speaker 03

  Can't get anywhere else, no business school. Like, one of my first job, I worked in a big media company. I was right under the VP. He was my professor in school and he brought me right under him. I learned the ropes have to move myself in the C-suite environment. You know what I mean? Most kids, when they're 22, they're not even close to C-suite. Like, I have that lesson. Then I worked for another guy. He told me the value of saying no to clients if they don't fit your bill. And all these things, you just pick up. And I tried to give back to the youth. With all my guys, I sit at least for an hour with them, show them new things, guide them. So I, I think any young person that wants to work straight remote is just absolutely insane. And people that are paying for this and hiring, like, entry-level guys to do remote. And the other thing is the replacement level. Like, if your physical presence,

• 1:29:08Speaker 03

  that's the only difference between us and AI. Your physical human presence in place is not necessary. But you have another thing coming. They're gonna replace you offshore or AI immediately. That's what it is.

• 1:29:19Patrick Bet-David?

  Brian.

• 1:29:19Speaker 05

  I hated COVID for 50 million reasons. And this may be one of the biggest ones. Because it convinced all these people that remote work was an option. And, and Tom, you're absolutely right. School is hybrid. But they turned school into remote. Everything became remote. And, and, and these kids would learn how to turn on their computer in the morning, go back to sleep, and not lose a grade. And, and, and then let me just tell a quick story about an employee I had. One day I showed up my office, there's an intern sitting in the anteroom. And I'm like, "Who are you? What the heck are you doing here?"

• 1:30:01Speaker 05

  And he's like, "I'm an intern." I'm like, "I do not have enough time for you. I'm really busy and I'm running off in all these meetings." I come back the next day. He's sitting there again. I'm like, "Who are you? What are you doing here?" And like, the third day, I'm like, "Oh," he goes, "I just want something to do." And I'm like, "Okay, go get me coffee." Like, seriously. And, and I swear, four seconds later, he's back with a cup of coffee. And I'm like, "Um, okay, you know those file drawers in there? Go file them in alphabetical order." 18 seconds later, he's back. I'm like, okay, now I need an analysis of social security data from going back to 1960. This one took him a couple hours, but he came back and it was brilliant.

• 1:30:43Speaker 05

  And at the end of his internship, I said, you cannot go back to college.

• 1:30:49Speaker 05

  I'm hiring you. But he there, if he was remote, there is no way that would have ever happened, ever. Like, he, he was in my face every day.

• 1:30:59Patrick Bet-David?

  What is he doing now, by the way? Where, where's he at now?

• 1:31:01Speaker 05

  Well, he, he went and traded options for a major firm, who his name I see on this next sheet. And he's probably way wealthier than me.

• 1:31:10Patrick Bet-David?

  Are you being serious about?

• 1:31:11Speaker 05

  I am dead serious.

• 1:31:12Patrick Bet-David?

  So he's, he's a multimillionaire?

• 1:31:13Speaker 05

  Oh, yeah, by multimillionaire. And, and I'm not kidding you, that kid would not leave me alone.

• 1:31:19Patrick Bet-David?

  What, what age is he right now? How old is he?

• 1:31:20Speaker 05

  Um, I'm gonna say he's 40 years old.

• 1:31:24Patrick Bet-David?

  Forty years old. Isn't that awesome? Don't you just love those stories?

• 1:31:27Speaker 05

  Yeah.

• 1:31:27Patrick Bet-David?

  Don't you just love those stories where a guy goes from there to being where he's at right now? I just absolutely love it. Brandon?

• 1:31:32Tom Ellsworth?

  Hundred percent. And, um, yeah, it's sad. I mean, the, the age group that's in this situation, they, like, think about, so you, when you're graduating college, you're on 22, 23. So those people would have been the Gen Z people. So right as they're getting out of college, age 22, 23, that's the year 2020. So they're getting accustomed to this remote work, remote school thing. So that's their, um, like, the first impression of the job market, right? So their, their, um, expectations are being managed for that to be the norm. But yeah, it, it snapped them out of the proper minds that would just to, like, wanna bet on yourself and make a good impression, like you guys are saying. I mean, you know, like, people who end up going places, they, they're very confident about what'll happen. I mean, when I first came here, I, I was, I was offered like a 30-day contract three years ago. Then I had to move from Connecticut here and I said, yeah, no problem.

• 1:32:16Tom Ellsworth?

  I'm, I'm very confident what will happen if I'm there for 30 days and get the chance to make an impression and show people what I could do. But people want guarantees and, you know, promises before they go to places these days.

• 1:32:25Patrick Bet-David?

  Gotta love that. Gotta love that. Came here 30 days later. What, what were you doing when you first came here? What was your job?

• 1:32:30Tom Ellsworth?

  Mario literally said to me, quote,

• 1:32:32Speaker 03

  I don't know what you do, what you will do for us, but let's see what happens.

• 1:32:36Patrick Bet-David?

  Literally that was it. And then 30 days, what are you doing 30 days later?

• 1:32:40Speaker 03

  Well, so the first week, it was a good coincidence that Silicon Valley bank crash happened and we did the banking webinar together. That's where we first talked and you know, you saw that I know finance and banking pretty well and then you know, from there progressed well.

• 1:32:51Patrick Bet-David?

  Yeah, it's, it's crazy to, to tell that story because just two days ago, we had a guy in town and he wanted to meet with me. So he flew in from Nashville. We're having a meeting, pretty well-known guy in his space. And then he's with another guy who's a billionaire, who is one of our neighbors and he comes to the office and I'm giving him tour this place. It's like 6:30, 7 o'clock. He says, this place is humming. Well, what are these people doing at 6:30, 7 o'clock? And we're walking around, he's just everywhere. What the hell do you guys do here? What is the energy here? Well, I mean, if the, if the opportunity is right for a person to want to change their lives positively, people perform in an incredible way. The incentives are there. And I explained to him the equity structure when you're here 13 months plus, the stock options that everybody has in every business unit.

• 1:33:36Patrick Bet-David?

  And then the LT that we offer for executive team, directors and up and he's like, well, this, this is the right way of doing this. I said, well, of course it is. This is the same exact way with the, with the insurance. If you find a company that's going places and you have an opportunity to be in that team, having a job, making a direct impact, being a leader, do, do whatever you can to make that, you don't even know what's going to end up happening later on for you with your job. It can go like this and then all of a sudden you have a story like this or a story like yours or any type of the story. But that's great to hear that, uh, that guy now is a multimillionaire. I love hearing stories like that from getting coffee in four seconds. To not be in a multimillionaire. All right, let's go to the next story. Major League Baseball salary cap. This has to do with business. Stick around.

• 1:34:17Patrick Bet-David?

  Major League Baseball salary cap. Owners just proposed a salary cap. It could cost them an entire season and the entire market is talking about it. I'm about to come to Tom here. And by the way, one day we will all hear about a girl named Bailey that will be a GM of a baseball team. And that's Tom's daughter, but hang tight till that happens. So for the first time in 32 years, MLB owners have formally proposed a salary cap. Setting the stage for what could become the sport's most serious labor conflict since 1994. Strike that canceled the World Series with the current collective bargaining agreement expiring shortly after the 2026 World Series. Many expect the lockout in a potentially ugly showdown over baseball's economic future. Owners say competitive balance is broken.

• 1:35:02Patrick Bet-David?

  MLB argues that the gap between the rich and the poor teams have become too large. The Dodgers are spending roughly $420 million on payroll while the Marlins are spending $80 million. The league's proposal would cap payrolls at $243 million and create a salary floor of $172 million, which means the 80 goes up 90. The 420 would need to come down 180, give or take. Eight teams would need to reduce spending by combined $578 million while 12 lower-spending teams would need to increase payroll by around $617 million. League spokesperson Glenn Kaplan said, "Too many fans in too many markets have too little hope. Their teams have a fair chance." Players see it as a money grab.

• 1:35:44Patrick Bet-David?

  The MLB Players Association has a post-salary cap for generations and views the proposal as an attempt to suppress players' salaries rather than improve competition. Our union has never been broken, never will be. The MLBPA Director Bruce Meyer said, "The union argues that successful small-market teams like Brewers, Guardians, and Rays prove that their spending is not the only path to winning, while wealthy clubs like the Mets and the Angels have often underperformed." Tom?

• 1:36:08Tom Ellsworth?

  So, I believe in a salary floor. I do. People say that's socialism. Well, not really. Because the modern contracts for digital transmission, digital rights, and television have given small markets almost like owning the team is a free ticket to a multimillion-dollar payday every year. And that, if you look at the history of the stadium, there was a tax incentive somewhere, and that was paid for by the people. So that medallion, that franchise in some city, and let's just use Miami as an example because we're sitting here.

• 1:36:48Tom Ellsworth?

  You have a stadium down there, you've got people down there and the city has made tax concessions. And I like the salary floor, which says you have to spend the money on it. Now, why do I like the floor? In days gone by, people would say, I'm a small market team. I can't put 40,000 a night in my stadium, the way Yankees, Cubs and Dodgers do. I don't have those markets. And that used to be a fair statement. But now, sharing in the digital distribution and the TV contracts, it's the great equalizer. So, everybody's got money. So, I believe in the floor. Now, in terms of a cap, I don't believe in a cap, but I do believe in a tax and an equalization payment, which is what they have now.

• 1:37:33Tom Ellsworth?

  Because otherwise, you could have the uber wealthy, like the Dodgers or the Yankees, and even the Mets, Steve Cohen knows how to do this too, you know, that are gonna just overspend and take up all the good players. There needs to be an equalization payment. Because the equalization payment says, oh, you want to overpay for Shohei Ohtani? Great, now you spread the money around and now everybody else has the ability to compete for the other free agents. So, I agree with that. I also think they need to take a cue from other sports, where the negotiation was what percent of revenue goes to the players? And that's been negotiated in other sports. So, I think, now, that's all my opinions. But you know what's about to happen, Pat?

• 1:38:18Tom Ellsworth?

  We're about to have a lockout and we're about to have an arm wrestling match, and we're all gonna go tumbling down a flight of stairs on this. And I hate it. I think that's what's gonna happen. It's gonna lead to a work stoppage, there's gonna be fire and brimstone.

• 1:38:32Patrick Bet-David?

  You know what happened to baseball? You know what's so dumb for this? Because in 94, when the strike took place...

• 1:38:39Patrick Bet-David?

  Baseball was dead.

• 1:38:41Tom Ellsworth?

  No World Series.

• 1:38:42Patrick Bet-David?

  No, forget about World Series. It was just dead. The fans were annoyed. They were not coming back. And you know when baseball came back up? 1998, when Sammy Sosa and Mark McGuire went through the homerun to 61, to 60, to, you know, punching each other in the stomach and it was, everybody was watching the Cubs and, what was it, St. Louis Cardinals he was with at the time when he hit that 78 homerun. It was a beautiful two years. They saved baseball. FYI, in my opinion, since I've been watching baseball, I didn't, I have to be very honest with everybody. I didn't watch a lot of baseball in Iran. We didn't. When I lived in Iran, it wasn't baseball. You don't give Middle Easterns baseball bats and say, here's the ball, go ahead. They don't hit the ball. They, they, they kind of play the game in a different way. But when I came here, I fell in love with Major League Baseball. From 1990,

• 1:39:27Patrick Bet-David?

  as a diehard Juan Gonzalez fan, Texas Rangers till today, the greatest World Series I ever watched in my life was last year. Not a Dodgers fan, I'm not a Toronto Blue Jays fan. What an incredible World Series. Fans, people who don't follow baseball were like, damn, this is exciting. This is it. And then now you want to do something like this after the incredible momentum that you had? I hope they figure it out. I've been on multiple calls. I can disclose some of the conversations that we had. They prepped us for this. That this is coming and there are certain decisions that are being made on what's happening with this. I hope they fully figure this thing out. I understand the argument they're making. Cause players want to make as much money as possible and owners don't want to be forced

• 1:40:11Patrick Bet-David?

  to have to pay more. If you've ever seen the movie Moneyball, Billy Bean who goes to the owner and says, hey, man, I just need a little bit of more money. He says, you're gonna do fine. I can't, I got a $67 million budget I'm dealing with. Give me a break. Give me a little bit more money. You're gonna be fine. But we're gonna lose Giambi. We're gonna lose. You're gonna be fine. You'll figure it out. Stop saying I'm gonna be fine. I need more. So this changes that because they had that 21 game win streak that the A's went through. So it'll be interesting to see what happens here. Brian, where are you at with this yourself?

• 1:40:42Speaker 05

  Yeah, well, just talk about last year's World Series, Toronto versus the Dodgers. What, I mean, that's a pretty big difference. Payroll.

• 1:40:50Patrick Bet-David?

  Great point.

• 1:40:50Speaker 05

  I mean, and, and there, that's almost the proof. I was, I wrote down Moneyball. I was gonna bring it up. The Oakland A's did it with a, with, with a different kinda way. In, in college football, the University of Indiana did it this year. If they do this, they're, they're gonna kill it. And I was a Chicago Cubs fan in 1994, and that's kinda when I stopped. I, I.

• 1:41:14Patrick Bet-David?

  Are you serious? You're saying that's when you stopped after the strike?

• 1:41:16Speaker 05

  I did. I, I, it, it broke my heart. And I, and I loved baseball. And I, I can guarantee you, I used to go to 30 games a year, like literally 30 games a year. And I bet I've been to one or two a year since then.

• 1:41:31Patrick Bet-David?

  Wow.

• 1:41:32Speaker 05

  And I, I'm, I.

• 1:41:33Patrick Bet-David?

  Baseball's God's favorite sport. I'm telling you right now, in heaven, I'm willing to bet they watch baseball. I'm telling you, they're watching baseball right now. Shoeless Joe Jackson's gonna be somewhere up there playing baseball, but go ahead.

• 1:41:42Speaker 03

  No, no. Brandon and I were, you know, bigger into NFL, you know, and, and.

• 1:41:47Patrick Bet-David?

  I like baseball too.

• 1:41:48Speaker 03

  You like, but you like football much better.

• 1:41:50Patrick Bet-David?

  Yeah, it's the best.

• 1:41:50Speaker 03

  Of course, the best. Um, what, so.

• 1:41:53Patrick Bet-David?

  Guys don't know what you're talking about.

• 1:41:54Speaker 03

  No, no, no. But if you, if you, if you look, if you look at the different leagues, alright, you have the MLB with no hard cap, no floor, alright? And then you see, what are we solving for here? This is one of the biggest problems in the economy, like in general right now, that the money is not making sense with the actual objectives that people want. Alright? What are we solving for in any sports league? Alright? We wanna, we wanna see competition, right? So, so in the MLB, you have all these very rich teams, you know, that get all the awards, all the playoffs, and they just outspend every other team. Then you have the NFL, they have a hard cap, alright? And, and that's the exciting thing at the beginning of the year, like, who's going where, you know, the draft, and, and any team could, you know, make it to a Super Bowl except the Jets. I'm sorry.

• 1:42:38Patrick Bet-David?

  Yeah, worst to first happens all the time.

• 1:42:40Speaker 03

  Yeah. And, and then, then you have the.

• 1:42:42Speaker 05

  Or the Raiders.

• 1:42:43Speaker 03

  Or the Raiders. I, I live in pain. But then you have the NBA, that also, it doesn't have a hard cap on top. They have a luxury tax of sorts. Tom, you can always fact check me. And then you have the NHL, that also, like the NFL has a hard cap and a floor, alright? We were talking before the show started about about hockey, like how did the Panthers get two titles and then they're not even in the playoffs this year. All right. So if we're solving for an entertaining product that is competitive and anything can happen, I'm, I'm, I'm for the cap. I'm sorry, Tom. And I have another perspective, too. So I think it incentivizes the right types of people to own the teams because I think if this does go through, you'll see a lot of MLB teams sell their franchise because there are a lot of owners, like you said,

• 1:43:24Speaker 03

  that just want to take the money instead of investing the money back into the team. So get this, since 1995, 48% of World Series championships have went to a top five payroll. 93% of championships have gone to a top 15 out of 30 payroll. Only two teams have won the World Series since 1995 that have had a bottom half payroll. It was the 2003 Marlins and 2002 Angels.

• 1:43:51Speaker 00

  This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed sponsored jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed sponsored jobs. Get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Hiring now? Then this is a job for Indeed sponsored jobs.

• 1:44:22Tom Ellsworth?

  When you shop Kroger delivery, you can expect the savings you love and fresh groceries delivered right to your door. From delicious produce to everyday essentials, enjoy the convenience of delivery and the trusted selection you've come to know from Kroger. Because bringing you fresh, quality groceries is what we do best. Right now, enjoy free delivery on orders of $50 or more with your digital coupon. Restrictions apply. See site for details. Kroger. Fresh for everyone.

• 1:44:52Tom Ellsworth?

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the HouseMajorityPac.com. Not authorized by any candidate or candidate's committee.

• 1:45:21Patrick Bet-David?

  How many discounts does USAA Auto Insurance offer? Too many to say here. Multi-vehicle discount, safe driver discount, uh, new-vehicle discount, storage discount, legacy- How many discounts will you stack up? Tap the banner or visit usaa.com/autodesk. Restrictions apply.

• 1:45:36Tom Ellsworth?

  Build your front end and back end together on Base44. Describe the product logic with a managed database, authentication, and hosting included. Spend less time assembling infrastructure and more time getting your product live. Go to base44.com.

• 1:45:52Patrick Bet-David?

  Yeah, I think, I think the Marlins have a few things they need to do. I think the Marlins have a few things they need to do. But that's a great example of a few, you know, the, the different things to look at. I just hope they don't get into this whole mess. I really do. I really hope they don't get into this mess. I hope they figure it out. Baseball's exciting right now. Baseball's viewership's going up. Baseball's got a lot of good things going on. I hope the reasonable people in the room are gonna be like, guys, we're making a lot of money. Let's kind of figure this thing out. Let's not lag this out, you know, where, you know, i- it continues just because of the money. You have the fan base today. You have the fan base today. You can make so much money through sponsorship and other different ways, but we'll see. We'll see what happens there. Next story I want to get into is a story of

• 1:46:33Patrick Bet-David?

  a 186-gram of sugar drink that Crazy Cousins came out. 32-ounce Dirty Soda is what they're calling it. Rob, I don't know if you have this video or not. The guy's kind of going through it right there. Watch this. Play, play this clip, Rob. Go for it.

• 1:46:50Speaker 00

  Crumble Cookie is now selling you a drink that is 186 grams of sugar. That's almost half a pound of sugar or five cans of coke. They call this Crazy Cousins, and indeed, you would have to be crazy or completely ignorant to drink 840 calories of liquid garbage. Crumble is calling this the viral Dirty Soda, but the only thing that's dirty here is-

• 1:47:09Speaker 03

  convincing kids and teenagers that any of this is cool or hype.

• 1:47:13Patrick Bet-David?

  crumble cookies. Go to the tweet, Rob, if you could. Just let me see what it says up here. So 186, that's almost how much in one drink. This could be illegal. That's more than five times American Heart Association's daily recommended max for added sugar. We need to make America healthy. And I looked into this. And if you drink this regularly, you can cause extreme harm to yourself, rapid weight gain, fatty liver disease, huge increased diabetes risk, tooth decay and gum disease and mood swings. By the way, who sent the tweet out yesterday on how much is recommended to take sugar intake? Rob, there was a text that somebody sent in the chat. It could have been Vinny.

• 1:47:45Speaker 03

  That was me.

• 1:47:46Patrick Bet-David?

  Okay, can you pull that up, Rob? Can you pull that up? It was sent last night and uh, I don't know which one it was. I saw the numbers of how much sugar intake is healthy for the average person to take. I don't know if it was this one or a different one, but 186 gram. When you see something like this, do you have that? If you have it, Rob, is that right there? Right there. Right there if you have it. Uh, is that in the story? No, Rob, if you go to the bottom of that text exchange, you just had it. If you go back to the bottom of that text exchange, right there, make that a little bit. That's the one right there. What does it say? American Heart Association recommends for men, no more than 36 grams of added sugar per day.

• 1:48:31Patrick Bet-David?

  For women, it's no more than 25 grams, 6 teaspoons per day, and for children, less than 25 grams. And you want to launch a drink that's 186 grams of sugar? That's insane. How do you process that?

• 1:48:47Speaker 03

  I mean, it is America. If there's a market for it, they will make it. All right.

• 1:48:52Patrick Bet-David?

  Who's the market for something like this?

• 1:48:54Speaker 03

  I don't know if you guys remember, they tried to pass that out. They did pass it in New York. People that look like it's the market for them. They did pass the sugar tax or the soda tax in New York, remember? Like if drinks had too much sugar, you had to pay an extra tax on top. Uh, this applies to like very sugary drinks like this. It applies to cigarettes. It applies to anything that could be harmful. Alcohol and everything. Marijuana is also, they're going to make a lot of money on taxes. Big gulps. Big gulps. And I think the way they're gonna go around, I don't think anyone should drink this, just for the record, you know? Tried it? But, uh, but I, I believe in America and, and, and, and I believe in freedom. And if they want to put this drink out there and people want to drink it, I'm all for it.

• 1:49:38Patrick Bet-David?

  I'm looking at this right now, and Tom, I'll come to you. Monster Energy Drink has 81 grams of sugar. Mountain Dew, 77. Coca-Cola, 65. Pepsi, 69. Dr. Pepper, 64. Starbucks Frappuccino, large flavored versions, 70-plus grams. Dunkin' frozen coffee, 60 to 70-plus. Minute Maid Lemonade, 67 grams. Arizona Arnold Palmer, half and half, 59 grams of sugar. Large sweet tea from some fast food food chains, uh, food chains, 80 to 100-plus grams. Large frozen coffee drinks, 120-plus grams. Large milkshakes, large milkshakes.

• 1:50:22Speaker 03

  Your favorite, Brandon.

• 1:50:23Patrick Bet-David?

  100 to 150. Large movie theater sodas, 150-plus grams of sugar. Convenience store fountain drink, 150-plus grams of sugar. Tom, where are you at with this?

• 1:50:37Tom Ellsworth?

  I am looking back at pictures of America in 1950. Go look at New York pictures. Show, show me 1955, street corner in New York. Find a black and white picture.

• 1:50:50Patrick Bet-David?

  Any specific corner, like you focused on?

• 1:50:52Tom Ellsworth?

  No, no, no, we're not, not 42nd Street, but just, uh, you know. And then you go and you, you, you take a look at the preponderance of them. You look at a ballpark. If you've been to Fenway Park, the seats are small. If you sit in the first six rows, and Kim and I went there, opening day, 2006. And we noticed how small the seats were, and we were front row, watching David Ortiz and Manny. And they said, "Yeah, um, it's because this is how big people were in 1934." The seats were adequate.

• 1:51:36Tom Ellsworth?

  And what has happened in this country, and by the way, those that you're being quoted, Pat, those sugar, that's the 20-ounce Coke, just a little 12-ounce can. You know, the can and the stick back. 39 grams of Coke, which is more than 39 grams of sugar, which is more than what we just read, would be the the daily amount for men or women. And I just think this is what's happened. This is why we have five things in this country. Number one, obesity. Number two, lifestyle diabetes. Number three, heart disease. Number four, we have early onset behavioral issues with kids that are directly related

• 1:52:21Tom Ellsworth?

  to the hyper influx of sugar on their moods and on the what's called an insulin response. We would call it the sugar crash. Six year old kid, seven year old kid, eight year old kid in school doesn't call it sugar crash. He has a Coke for lunch and he he's bouncing around for the first for story time right after lunch. It says, and the last one, cost of health care in America. So you can take sugar, Pat, and the amount of sugar we consume, and you can go back on all of those five things. And we could do a big case study on it. It's horrifying. Lobbyists pushed to prevent the categorization categorization a certain way.

• 1:53:03Tom Ellsworth?

  The the manufacturers, by the way, you know, the nice people, Novo Disc that make the injectable GLP? You know, the European company, Novo No Disc or whatever it's called? Do you know they have 50% market share of insulin in the world?

• 1:53:22Speaker 05

  Oh, wow. They sell both.

• 1:53:25Tom Ellsworth?

  They sell both. They have 50% market share of the insulin, Novo Nor Disc, and they also have GLP-1. So we got you going big and we're going to get you small, but we make a buck either way.

• 1:53:40Patrick Bet-David?

  Flywheel.

• 1:53:40Speaker 03

  That's a flywheel.

• 1:53:43Patrick Bet-David?

  Brian.

• 1:53:44Tom Ellsworth?

  Yeah, more like the snowball and you're the snowball.

• 1:53:47Speaker 05

  You know, I have, I've raised kids and I could, I mean, when, when sugar got too much in their diet, it was horrible for their, for their, for their well-being. I'm gonna, I'm gonna make, I'm gonna change this into a little bit of an economic point, if you will. And so what we do, and it's what Tom just said, is that we, Maha, the, the, the, the basic argument is there's something wrong with our food supply and how we eat, and then what we do is we treat the symptoms. And what I, what I believe with our economy is that we spend way too much, we redistribute

• 1:54:30Speaker 05

  way too much, and we redistribute that to people who spend, and then we tax and regulate people who produce. And so what happens is we overproduce and, we overconsume and we underproduce. And then what we do is we go in and treat the symptom. The symptom is the trade deficit. When you overconsume and underproduce, you import stuff, and, and then what we do is we treat the symptom by putting tariffs on. And tariffs are a tax. It's, it's, it's just like using insulin to fix a bad food problem. It's just like trying to fix obesity, diabetes, and inflammation with drugs rather than fixing the food supply.

• 1:55:13Speaker 05

  And our biggest problem as an economy is our government is too big, and we tax savers, and we subsidize consumers. And it's, in a sense, it's the, it's the same thing. We're treating the symptoms, not the causes. And that's the problem with this drink.

• 1:55:30Speaker 03

  And as someone who came to America and put on 90 pounds, Pat saw me getting bigger throughout the time. The quality of the food in this country, they like, it's not a first world country food when it comes to food. Like, it makes me so angry that one of, like, the richest country to ever exist, all right, next to my parents' house, they had a boat show for Christmas, all right? They, they have enough time and money to decorate their boats to go around, you know? We need to import Mexican Coke because it has real sugar. Like, that makes me mad. Why can't we have the best Coke in this country, all right?

• 1:56:00Speaker 05

  The soda.

• 1:56:01Patrick Bet-David?

  Alberto, you went a very different direction.

• 1:56:04Tom Ellsworth?

  The music industry has been asking that for decades.

• 1:56:06Speaker 03

  Yeah, why can't we have that? But, but, sit aside.

• 1:56:10Tom Ellsworth?

  You're gonna go third time?

• 1:56:11Speaker 03

  I know, you go, you go, whatever. What do you know about sugar? No, let's go.

• 1:56:16Tom Ellsworth?

  Okay, no, so last time people got, the last time people got mad at me when I said I have a hard time trusting fat people to have the same energy as everybody else went like in a, within a company and whatnot. And I meant that in the nicest way possible. Now, I mean this in a nice way too.

• 1:56:29Patrick Bet-David?

  A lot of fat people that come.

• 1:56:30Tom Ellsworth?

  I did, I was getting messages and left and right. But, when it comes to that, like you could say, oh, the government should regulate this and that. I don't really like that either. I don't like the government getting involved with businesses, with what businesses do. So I think it's best solved through the core of public opinion, you know? If we politely fat shame and hold people accountable and say like, hey, this is not good for you. You know, and call it out, but like we have this culture where it's, you know, taboo to say like, hey, you should lose some weight. Like, hey, it's not healthy to be that size.

• 1:56:59Patrick Bet-David?

  I'll tell you something here, it's very important. Humberto, you brought it up and then I'll address it. I'll give you two examples of a story. One of my friends, who I went to school with in Iran. Who I went to junior high school with and high school with, joined the military with, worked at Bally's with, got into financial services with. Everything we did together. He had an incredible body. He would run better than me, he was always running, he was in shape. And then we started doing business together, insurance. He put on 90 pounds. When he put on 90 pounds, he blamed the business. And he said, it's because of the company and the job that we have that I've gained so much weight. So he eventually quit. After he quit, he put on even more weight.

• 1:57:42Patrick Bet-David?

  So today, he's not in good shape, health-wise. I haven't seen him for many, many years. But no matter where he went, it was either this, it was either that, it was either this. I wish him nothing but the very best. Let me give you another story. We're at Hampton's last summer and I'm playing Padel. And we're playing with a few different guys. And one of the guys that there is Tikran, whom I love, okay? You know who Tikran is? And...

• 1:58:08Patrick Bet-David?

  When we were competing, the people that were there, Vinny was there, Mario was there, I don't know if Tom was there. Tom was inside, uh, doing a lot of sit-ups. Tom was just like, non-stop. We were outside playing padel, and then shit-talking started. You this and you this and da-da-da-da-da, and it was just like, hey, you wanna go on a run? You really wanna go on a run with me? How you gonna go on a run? You put on some weight. Look at you right now, how much weight you put on? And it got like that, okay? You know what he weighed at that event? This is a big shout-out to T. Krim. He weighed 235 pounds. Do you know what he weighs right now? He weighs 189 pounds.

• 1:58:46Speaker 05

  Nice.

• 1:58:46Patrick Bet-David?

  I'm in Dallas last week. I tell him, while we're in Dallas, we're at dinner, guess, while we're at lunch, guess what he tells me? He says, "You know I haven't had Arnold Palmer for over a year." I said, "You gotta be kidding me." He says, "No, I haven't had Arnold, and I drink Arnold Palmer." "When you go out with me, you know what I drink, I do 80/20 Arnold Palmer, right?" He got me thinking. Then, he bought the scale, 300 pounds, uh, 300 dollars that he bought. Every morning he gets up there, you know, you've seen this, and it tells you what your body fat is. He's brought his body fat down to 18%. He was at 30-plus percent. He brought it down to 18%. Exercising routine, he had this watch on his wristband that is given to Tom as well. Tom, I don't know if you have the same thing or not. He looks at the data, he looks at the stats, he's going through everything.

• 1:59:30Patrick Bet-David?

  But the biggest part is, he became serious about his health. He became serious about his health. We can joke about stuff like this as much as we want, and then we have to realize, sometimes the biggest thing, like, if you really want, if you really love your family, you have to take care of your health, not only for you, but also for the people around you. You know, if you really wanna move up with your career, they're gonna offer stuff like this for the rest of their lives. Guess what? Everybody has access to drugs, alcohol, food, cheesecake, ice cream, we have access to all of it. But we have to get more serious about our health, because no matter where you go, you can always find an alibi to say, "That's the reason why this didn't work out for me." I don't, I don't subscribe to that mindset, I don't think it's gonna work out for any one of those guys.

• 2:00:13Patrick Bet-David?

  So, no matter what this product is, there's gonna be plenty more products like this that we can take that could destroy our lives, and I hope we don't do that, and we make the decision to make. Better decisions for our health. So anyways, uh, this was a good podcast. I just wanted to go through one more story, but I have a, a, a Mac 7 to go to. Again, for some of you guys, just so you know, the moment we launched the merch today with the different country hat merch, Shopify has been down for an hour and a half. Okay? I tweeted at the moment we started a podcast, people from Shopify contacted us. The entire Shopify worldwide was down. It's back up. So for some of you guys that went and you couldn't place your order, you can officially go to vtmerch.com to place your order.

• 2:00:55Patrick Bet-David?

  Shopify is back up. It wasn't our store. It was Shopify that was having the issue. You can go on Twitter and read some of the stories. I was reading it while we were on, but get your order, especially with the big tournament that's coming up here in the summer. You'll be able to represent your country. And with the hat and that it says future looks bright and start a conversation. Brian, it was great having you on. That story was phenomenal. Thank you. That you shared wherever this millionaire is at, at that I believe it's with Goldman Sachs bit for you, buddy. You have success and, uh, great commentary. With that being said, Rob, tomorrow, Mehdi Hassan's podcast goes live. It is absolutely heated. By the way, everything you wanted us to talk about, we talked about. Everything. It's all in it and we had a good time together actually afterwards. Anyways, take care of everybody. God bless. Bye bye, bye bye.

• 2:01:42Tom Ellsworth?

  When you shop Kroger delivery, you can expect the savings you love and fresh groceries delivered right to your door. From delicious produce to everyday essentials, enjoy the convenience of delivery and the trusted selection you've come to know from Kroger. Because bringing you fresh, quality groceries is what we do best. Right now, enjoy free delivery on orders of $50 or more with your digital coupon. Restrictions apply. See site for details. Kroger, fresh for everyone. Now, more than ever, we need someone on our side, but Rob Whitman? Whitman's votes drove up costs, cut Medicaid and risked 350,000 Virginians healthcare to pay for tax breaks for himself and his donors. He's not on our side.

• 2:02:28Tom Ellsworth?

  Shannon Taylor will fight corruption, cut taxes and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee. Get your business ready for clients faster with Base44. Describe what you need in your own words and build the website and software behind it with database, backend, and hosting included. Go to base44 dot com. That's base44 dot com.