Epstein Saga Continues, Trump Launches Distractions, and Cuomo Relaunches Campaign - podcast episode cover

Epstein Saga Continues, Trump Launches Distractions, and Cuomo Relaunches Campaign

Jul 18, 20251 hr 10 minEp. 635
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Summary

This episode delves into current political and economic events, including Trump's attempts to deflect attention from the Epstein files by threatening Fed Chair Powell. Kara and Scott also examine Elon Musk's Grok securing a Defense Department contract, sparking debate on AI's role in warfare. The hosts discuss Andrew Cuomo's independent run for NYC mayor against Zoran Mamdani, and analyze new crypto bills alongside the debate on public media funding.

Episode description

Kara and Scott discuss whether Trump will fire Fed Chair Jerome Powell, and all of the administration's efforts to distract from the Epstein scandal.   Elon Musk’s Grok scores a contract with the Defense Department, and Andrew Cuomo will officially run as an independent in the NYC mayoral race.  Plus, the House advances three crypto bills, and Kara and Scott are feeling better than ever after getting some love from a certain fellow podcast host.

Watch this episode on the ⁠⁠Pivot YouTube channel⁠⁠.

Follow us on Instagram and Threads at ⁠⁠@pivotpodcastofficial⁠⁠.

Follow us on Bluesky at ⁠⁠@pivotpod.bsky.social⁠⁠.

Follow us on TikTok at ⁠⁠@pivotpodcast⁠⁠.

Send us your questions by calling us at 855-51-PIVOT, or at ⁠⁠nymag.com/pivot⁠⁠.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Intro / Opening

Support for the show comes from Attio. Attio is an AI native CRM built for the next era of companies. Its powerful data structure adapts to your business model, syncs in all of your contacts in minutes, and enriches your business with actionable data. Atio also allows you to create email sequences, real-time reports, and powerful automations, all to help you build what matters, your company.

Join industry leaders including Flatfile, Replicate, Modal, and more. You can go to attio.com slash pivot and you'll get 15% off your first year. That's attio.com slash pivot.

Support for the show is brought to you by CVS Caremark. Making the show takes a lot of work behind the scenes, from booking interviews to recording to editing. All of this ensures we deliver the best possible show for our listeners. The same can be said for finding the best prescription drug prices. CVS Caremark works... behind the scenes to help lower the cost for all of their members, providing the best possible prices without ever compromising on member experience.

Interested in more affordable care for your members? Go to cmk.co slash stories to learn how we can help you provide the affordability, support, and access your members' need. Support for the show comes from Intuit SMB Media Labs. Reaching the right small businesses starts with the right data. Intuit SMB Media Labs is a first-of-its-kind small business ad network with access to audiences and insights from the makers of QuickBooks.

You can target key decision makers by industry size, maturity, location, and more. Your gateway to B2B SMB marketing success. Learn more at medialabs.intuit.com.

Kara's Dental Woes

You see it a lot or not? See what? What are we worried about? Root canal. I just had root canal this morning. Jesus. I know. Oh, man, my mouth is not moving. Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Kara Swisher, and I just have root canal, so I have a lot of mouth issues, Scott.

I might drool during this show. Let's be honest, that's a distraction from the Epstein files, and I'm not falling for it, Tara. I'm not falling for it. There's cane sugar in Coke. I'm not falling for it. It's true. God, I have the worst teeth, Scott.

Do you have good teeth? I have terrible teeth. My dentist told me this. Oh, my God. I didn't go to the dentist until I was nine, at which point I had eight cavities, and then I fainted in the... in the waiting room so no i don't have good i don't we have the galloways are not blessed with good teeth i had braces in graduate school i was very self-conscious of my teeth

I have veneers. I have spent the GDP of a small nation so my teeth can just look reasonable. Yeah. I just got a crown. I had an implant recently. They found another cavity while they were fixing this one today. to both sides of my mouth have like you know when they put the stuff in they don't even put me to sleep which i would prefer uh i have a great doctor dr schwartz um and but i gotta tell you he moves so i was like i have pivot to do and he goes you know you'll you'll

rule. And I said, I get it. It's fine. We've got to bring the people their information. It's an uncomfortable topic, but I'm a fan of women getting implants. It's important that you feel good about yourself. And I find that they actually, they may not look real, but they taste real.

They do not. They do not look good. Anyway, so thank you, Dr. Schwartz, for doing it so fast. Dr. Schwartz, the dentist. Dr. Schwartz, the dentist. He's my dentist. We're meeting for Whitefish later. I don't even know if he's Jewish. Anyway. Oh, okay. Okay.

I don't know if he is. Spoiler. I'm sorry. A dentist in D.C. named Dr. Schwartz. All right. No, no. He's a Baptist. I don't know for sure. Okay. In any case. I don't judge people based on their religion. He's a legislative aide to Mike Johnson. Yeah. Okay. Listen to me. Listen to me. Scott, even though I'm incredibly unattractive right now and possibly drooling, I don't even know if I am, do you know who's eyeing us from across the room? Who's that?

Michael Barbaro and Podcast Banter

None other than New York Times. Emily Ratajkowski. No, Michael Barbaro. Oh, we love Michael. I know. This? is the daily. Apparently, he's got a thing for us. Here's what he said when asked which podcaster creator he would like most to collaborate with. Let's listen to the dulcet tones of Michael Barbaro. Is it Barbaro? I don't know.

The king and queen of pivot, Kara Swisher and Scott Galloway. I just think those two have an extraordinary chemistry and a tremendous amount of wisdom. And so I want to work with them. And implants. What does that mean? He wants to work with us. Work what? Oh, my God. So first off, I don't listen to a lot of podcasts. I listen to daily. I absolutely adore it. It's like listening to chamomile tea explain the Fed rate hike.

I get the sense that guy, I don't know, Michael, I get the sense he's so woke that he records from like underneath. a weighted blanket in between panic attacks, wondering if his cat's milk is ethically sourced. I can't even imagine. How woke that dude is. Oh, he's a really nice guy. He's a nice guy. You know what the Daily is seriously like? I love it. Now listen to it. It's like having your smarter friend whisper in your ear, it's worse than you think.

How shall I stroke you? And sometimes, most of the time it's amazing. Sometimes, though, it's literally like it took... 23 minutes to give you the same vibe as a really good slack emoji. It's like, that took 23 minutes. I know, I know. But I'm insulting him. He likes us. He's more handsome than us. He'd be the top. It's the best podcast out there. I know. It's number one. Apparently we are, let's just say. It's number one. No, it shifts back and forth with Joe Rogan and different things. Huh.

I love how he does that. He pauses it. And you know they pause it. They go, okay, put in a huh right now. Yeah, that's it. That's it. I like when he goes, this is the daily. I spent one dinner with him completely. using his voice, talking to him in his voice. Oh, there's a video of him. He's dreamy. He wasn't. He's dreamy. They're all dreamy now over there at the New York Times. They're doing a lot of video and a lot of, like, Vaseline's happening. Oh, no, trust me.

Unless they've cleared out the building. I spent some time there. I know. But if you look at the video between him and Ezra Klein, it's like lettuce in your polycule. I mean, come on. We're not good looking enough for there. their group. No. No. No, we're not. I mean, we stack above Ross Duhat or however you pronounce that guy. Let's go. Let's take him to dinner and invite over like a kombucha sommelier. That guy's got to be so Woke.

Well, he wants us, so that's all that matters to us. It's good to be wanted. Thank you, Michael. Thank you, Michael. I like being objectified. If he could speak more specifically to our physical attributes outside of your implants, I would appreciate it. I have very broad shoulders. I look better. Michael, just so you know. I'm six years old but naked. I look 59 and 7 8. You big tall drink of lemonade.

True fact, Michael, I've never seen Scott naked. Actually, I've seen the top half of you naked, I have. You've seen me naked a lot. No, I haven't seen the bottom half, and I hope never to. Let me just say, it's on my list of things never to do. Nickname in the fraternity. Don't ask me. Don't ask me. I know, the tripod. Don't ask me. You told me. The tripod. Don't ask me. Tripod, stop it. Stop it. I don't want to talk about it. Okay.

We're never going to do a naked thing ever. You're literally giddy right now. You're still on the nitrous. No, I'm not on nitrous. They didn't give me nitrous. I love nitrous. Oh, what's the point? You have got to start living your life. I go to the dentist. I want nitrous. I have, by the way, I have terrible dental hygiene. I brush my teeth. twice a day and I'm like I walk in there and they love this and I say

I have terrible dental hygiene. You're going to give me a bunch of shit in a lecture, none of which I'm going to listen to or use. I get my teeth cleaned every three months. And it's always like a hot Brazilian woman who's a single mother. I get really fucked up on the nitrous. They don't give me nitrous. And I start getting emotional. And by the end of my teeth cleaning, I'm waving her hand. Yeah.

And writing a memo to the dentist about what an amazing professional she is. You know, all the people who work at dental things that I've had experiences are great. All the people who clean. And we'll stop with the dentist stuff. But nonetheless, I don't do nitrous. I got those shots.

I still feel like I'm spitting. In any case, let's talk about it. It doesn't matter. I have trays right now. Do you have trays? I have Invisalign. I did use Invisalign, yes. I'm serious. I am paying for my dentist's house in Aspen. He lives in Aspen. He's never at his dentist's house. He's like this dentist to the stars, Jonathan Levine. And every time I walk in there, they're like, uh-oh.

We found something. You need some antibiotic crypto treatment that's going to cost $11,000. And I'm like, well, it's my teeth. I got to spend it. Yeah, I can see you going, yeah, yeah, yeah. You're like, they see you coming. All the doctors see you coming. 100%. Just saying. Anyway, we have a lot to get.

Trump's Attack on Fed Chair Powell

to today let's get besides michael we anytime michael call us we're really easy we're totally easy um trump lashes out at his base over the epstein files this is going on and grok goes to washington but first look President Trump and Jerome has tried it. Speaking of a distraction, this is something that's been ongoing. He said it's highly unlikely he'll fire Fed Chair Jerome Powell. Let's just be clear, he's not allowed to. It is highly unlikely unless he comes up with some scheme.

Despite reports that he was considering it, even showing a draft termination letter to a group of House Republicans to get their buy-in, I guess, after those reports rattled markets on Wednesday, I mean, the Dow dropped just like a lot, like a lot. Trump said in an Oval Office presser, we're not planning on doing anything, at which point the markets bounce back. Trump also said he was surprised that Powell was appointed, apparently forgetting he was the one who did that back in 2017 and quite...

effusively. Literally all these, it's so interesting. He just, he's the one who appointed him. He's pretending he didn't. He was like, I don't know who appointed him. And there he was. Trump has been slamming Powell for months for not cutting interest rates, calling him a major loser and a stubborn mule. He's now targeting the Fed's $2.5 billion renovation project, suggesting there might be fraud at play, which could be grounds for Powell's ouster. It's ridiculous.

Everybody, the bankers are being public about it. The Wall Street Journal is being very explicit. And Powell himself has been pretty vocal about Fed independence, which means serving at his full term, which is up next year. It's not that long. Let's listen to what he said to the Economic Club of Chicago back in April. Our independence is a matter of law. Congress has, in our statute, we're not removable except for cause. We serve very long terms, seemingly endless terms.

So we're protected in the law. So, you know, Congress could change that law. But I don't think there's any danger of that. Fed independence has pretty broad support. across both political parties and in both sides of the hill. So I think that's not a problem. Yeah, Jamie Dimon, Goldman Sachs CEO, David Solomon, other bank CEOs touting Fed independents.

Even Secretary of the Treasury Scott Besson confirmed to Bloomberg that the formal process of finding Powell's successor has begun, but he didn't say that Powell should come out. He didn't name any candidates. Reports suggest that Kevin Hassett, director of National Economic Council, is a top candidate.

Nintendo. Kevin Warsh, former Fed governor, is also in the mix, as is Besant himself. So what is happening here, and then which of these do you think he will name? I think I know exactly what's going on here. Okay, tell me.

Trump's Distraction Tactics Explained

Well, it's as if we're at the Nuremberg trials, and one of the people on trial starts playing the kazoo, hoping that we'll all forget why we're there. It's a magician sawing his assistant in half. And then yells out Benghazi, hoping that people will look away. This is what is going on at the White House right now. It's his comms team and Claude or ChatGPT saying, what can I do every day?

What can I announce every day that will capture the media's attention such that they look away from the Epstein files? Look at how he, look at how he, this has nothing to do. He's been at this for a while. Like, Scott, he has. He's been at Powell before Espin. But go ahead. He waves a letter talking about the firing. Waves a letter thinking that.

that everyone from Vox Media podcasters to the New York Times to CNBC will go, Chairman Powell, he's threatening to fire him. And then the next day he goes, oh no, I was just kidding. This was all a giant ruse. The day before, it was 85% tariffs on Canada. The day before that, it was revoking the citizenship of a talk show host because he doesn't like her. And tomorrow, Kara, it's going to be something else. He is in a room. Coca-Cola didn't turn out to be true.

That's the only one I liked. He is in a room. Oh, yeah, that's right. We have a new trade agreement to change the sugar cane or sugar and make it Mexican Coke. Make it Mexican Coke. Every day, his comms team, and this is all he cares about right now, is saying, putting into ChatGPT, what will the media go for in order to ensure that the story...

of Epstein is pushed out of the news cycle. He had no intention of doing this before the market's reaction. He has no legal authority whatsoever to start revoking citizenship for no real reason. And tomorrow it'll be something else. Something illegal. Make a guess of what it is. Give me one. If you're sitting in there, what would you tell him to do? I think he's going to announce like a 700% tariff on, you know.

I mean, it's just getting, it's getting so ridiculous and weird and crazy. What's amazing to me was that the market responded, that it's still, the market's still taking this guy seriously. It wasn't for a minute. Now it was like, ugh. Every 24 hours. First off, he and the wealthiest man in the world are such attention whores. They are addicted to attention. that a heroin addict will shoot up heroin going, this is a bad idea.

I've got my kids for the weekend and my in-laws are coming over. This is probably not a good idea to shoot up, but they can't help it. They're so addicted. These guys are so addicted to attention that they'd rather get attention for something that makes them look stupid than not be in the news cycle.

And he now has a very valid reason because I'm not, you know, the one conspiracy I've always held on to. Okay, we're going to get to Epstein in a minute, but go ahead. This is what's going on, Kara. Okay. This has nothing to do with the chairman.

Economic Resilience and Geopolitical Threats

But he will stay there. There's no way he's pulling them off. Look, okay, so let's go to the substance of the issue. The majority of nations that have grown their economy faster than the rest of the world have one thing in common. One.

They are, in fact, democracies. China is an exception, but the majority of the economic growth around the world has come from nations that decide that they're going to democratically elect their leaders. They have great universities. They're usually blessed with natural resources.

the wisdom to engage in alliances so they can trade. They bring women into the workforce. I mean, there's just a few that have civil rights. There's a few things that are the underpinnings of economic growth. And one of those things is an independent independent fed. Because here's the bottom line, if you let the government decide

What to do with respect to our economic policies and our fiscal policies, you end up with George Washington to George Bush, $8 trillion in deficits. And then you end up, since George W. Bush, with another $30 trillion in deficits. history and it'll happen to the dollar ends up being worthless is that the political pressure to increase short-term prosperity by printing money or lowering interest rates is greater.

than these elected leaders' fidelity to the long-term interests of the country. And so when we let politicians who have two and four and six-year cycles make these decisions, We end up making short-term bad decisions that hurt the country in the long term. So the best practice, one of the key best practices across almost every G20 country.

is they say there's too much temptation for the leader to want to get reelected and give a short-term sugar high and lower interest rates. And I taught... I taught micro and macroeconomics in graduate school, and they will be teaching in graduate school for years, this period where Jerome Powell managed to take inflation from 9% to 2% without... triggering a recession that's like literally like

Sticking the landing. All right. Well, but that said, the impact of Trump's policies over the last few months is starting to sharpen the economy. New data out this week is inflation ticking up in June. Prices also rose in categories affected by tariffs like toys, furniture and appliances.

The job market is starting to show some cracks where there are indicators that consumers are reigning in spending. Still, the economy is holding up better than expected. Economists now see less risk of a recession than they did three months ago, as you noted, according to a Wall Street Journal survey. Is there another shoe to drop? Banks are riding the volatility. Goldman Sachs just posted the best ever quarter for stock trading and several other banks beat earnings expectations.

At the same time, Trump is threatening new sanctions on Russia, you know, another economic probably. Maybe not so much for our economy. If there's no peace deal with Ukraine in the next 50 days, he says he'll launch a secondary tariff, slapping 100 percent on countries that continue doing business with Russia. That would mean countries like India, China, Turkey face heavy tariffs for buying Russian oil and move.

it could trigger a global spike in energy prices. I doubt, I'm not sure if Putin cares, but talk about these circumstances. Where are we with the economy from your perspective?

Ukraine War's Asymmetric Impact

The real question on everyone's mind right now, or the most important question we should be asking ourselves, is that at this moment, Cara, is Michael Barbaro touching himself? He's back! He's back! The answer is yes. The answer is always yes. But go ahead. Well, look, the economic data that came out, I looked at it and I thought, OK, this is the ultimate anger pillow for the far left and the far right. There's some.

indication that certain items, especially the ones subject to tariff, had a greater increase in inflation. But at the same time, catastrophists like me are disappointed because the reality is inflation at I think at 2.7 or 2.8 just isn't that big a deal. And the economy has been more resilient than people who are kind of in the back of their...

Mine's looking for some schadenfreude of the economy collapsing and blaming it on Trump. Yeah, it needs to collapse next summer, everybody. But go ahead. The headline, and I haven't seen the headline. The headlines from Fox will be economy resilient. The headline from CNN will be inflation rising. There's something in here for everyone. There's a little bit of data showing that the tariff-sensitive goods services went down. They're not subject to tariffs.

Some of the industries subject to tariffs have shown a little bit of a spike in price. But the reality is we're not going to probably see the effects of this or not into the fall because it takes a while for it to snake through. snake through the economy. The Russia thing, when I immediately knew that the war was not going to end was when I saw Chiron yesterday saying that Trump has demanded that Putin end the war in 50 days. That is just so fucking stupid. You really think...

The Russian people have endured over a million deaths and or casualties. And you think that he's going to scare when the president says it needs to end within 50 days? The interesting thing, though. I mean, Russia's economy does, you want to talk about an economy that appears to be cracking. The ruble shot up. It's now back to being worth less than a cent, and it did recover a little bit.

But this war is really, I mean, I believe they lost, what did they lose, 17 or 18,000 people in Afghanistan? They backed out. They've lost a million people here. It feels as if the economy is really starting to show tracks there. And I've said this for a long time. I think that both Biden and Trump to a lesser extent, but they both deserve credits. The greatest investment in terms of ROI. in the last 20 years for America has been the $50 or $60 billion a year or about

I don't know, 8% of our military budget that we have given in weapons that is sort of a stimulus to red states and weapons manufacturers in the U.S. There's no way Syria would have gone. There's no way we would have been able to take out Iran's air defenses. message to China to be very careful, be very careful invading a motivated, technically literate

Taiwan. This has been, NATO is coming together. Europe has been inspired to increase its defense spending. This has been the best investment Americans could have made. And by the way, we did this without putting a single boot on the ground. what we're going to see in terms of technical innovation around drone technology. So I think this is, there are never...

Good wars, but there are less bad wars. The support of Ukraine and incredibly brave people there is the least bad war in a while. Yeah, although the devastation obviously is. horrific um i think they'll come bouncing back like that'll be the place to be in 10 years you know yeah full of technologists full of i just they are they are very innovative uh

country in terms of they were before, and now I think more than ever. They're very technically oriented, so I think you'll see a piling of Silicon Valley people in there. Similar to Latvia, Estonia, all those countries. Ukraine will be a really, I think, a centerpiece of that when this war is over. Yeah, we'll see. When we get back after a quick break, we'll talk about the drama that's not going away anytime soon.

Support for Pivot comes from Vanta. If you could automate 90% of one part of your life, you might choose cleaning your house or writing thank you notes or working out. But if you're a startup founder or a security professional, you'd probably choose compliance. Makes sense. and maintaining compliance takes a ton of time and money. Vanta is a trust management platform that helps businesses automate up to 90% of the work for in-demand security frameworks, including SOC2, ISO 27001, and HIPAA.

Vanta also saves businesses time by centralizing security processes and helping them complete security questionnaires up to five times faster with AI. And Vanta saves you money. A recent IDC white paper found that Vanta customers achieved 534. per year in benefits. Making sure your company is meeting its security compliance standards isn't optional.

But with Vanta, the amount of time you need to spend on it is. Go to vanta.com slash pivot to meet with a Vanta expert about your business needs. That's vanta.com slash pivot. Blockchain is reshaping every aspect of society, starting with finance. It's happening across industries, across sectors and across the world. And it's happening with Ripple.

With more than a decade of blockchain experience, over 60 licenses and strong institutional trust, Ripple provides financial institutions with blockchain and crypto-powered solutions across payment and digital custody applications. This means secure 24-7 transactions, moving value across the world faster. Find out more at Ripple.com. Support for Pivot comes from Simply Safe.

What does feeling safe at home really mean to you? For a long time, it was just having good locks on your door and maybe an alarm that would, you know, make a lot of noise if someone actually broke in. But now, just having those basics isn't going to cut it, especially for those whose security is always top of mind.

that's why you should check out SimpliSafe. SimpliSafe's new Active Guard outdoor protection helps you stop break-ins before they happen. With AI-powered cameras plus live monitoring agents, they can detect suspicious activity around your property,

no matter the time of day or night. If someone's lurking, agents talk to them in real time, turn on spotlights, and can call the police for actively deterring crime before it starts. And not only do SimpliSafe's monitoring plan start around $1 per day, but there are also no contracts and

hidden fees with a 60-day money-back guarantee. Visit simplisafe.com slash pivot to claim 50% off a new system with safe professional monitoring plan and get your first month free. That's simplisafe.com slash pivot. There's no safe like SimpliSafe.

The Ongoing Jeffrey Epstein Scandal

Scott, we're back with more news. The Epstein mess continues. Since we last spoke, House Speaker Mike Johnson has broken with Trump and is calling for the administration to release the Epstein files. That said, he voted against. doing a debate about whether to release them or not, which is interesting. But Republican Representative Thomas Massey, who's a real thorn in Trump's ass of Kentucky, is attempting to force a vote on the House directing the DOJ to release the files.

The measure has been co-sponsored by at least five other Republicans. Interestingly, almost three minutes of footage is wiped from the video released by the DOJ of Epstein's cell door, according to the forensic experts working with Wired. Maureen Comey.

The Manhattan federal prosecutor who worked on the Epstein case has been fired. Yes, she is the daughter of James Comey. She also worked on the Diddy case. Meanwhile, President Trump has called the story, Democratic bullshit and pretty boring stuff. Labeling those who are invested in as weaklings and stupid. The Democrat stuff isn't working very well. Because one incredible thing is Bill O'Reilly was going on about how this was the Biden administration doing all this.

And the anchor was like, this was all under the Trump administration. He died under the Trump administration. He was prosecuted under the Trump administration. And all of a sudden, Riley went, oh. Speaking of old man, he got it completely wrong. Anyway, it's not a Democratic thing. This is all done under Bill Barr and everyone else. So any change in opinion on whether Republicans will be pushing him? Because as I predicted...

Laura Ingraham, many others sort of tamped it down. Looks like Dan Bongino's not going anywhere. I said they were all going to bow down. That said, I don't know if they'll bow down for too long. And obviously Elon is not bowing down at all. He is. tweeting up a storm about this. And he made a very good point that essentially deny everything.

make other allegations and try to make it go away. And he said it's not going to work this time. And he's pushing on it really hard and probably changing the algorithms of X to push a lot of this stuff because it's good for X. I hate to say it. He's certainly not backing down and neither are many others. Any thoughts? Alex Jones is not at all, but I'm not sure he matters as much. This is a rare, he's an incredible communicator kind of going. I think the learning is that when everyone is.

zigging, there's always a huge opportunity to zag. When everybody is following one strategy or one investment thesis, then it creates enormous alpha and upside to go the other way. Trump, Anthony Scaramucci pointed this out, and I thought it was so remarkably insightful that basically every politician in the world says something along the following. I'm socially liberal and fiscally conservative.

I mean, what does 80% of America say that? If you want to describe their politics and they don't want to assign themselves to a party, they go socially, liberal, fiscally, conservative. Actually, that's not true, but go ahead. It's the opposite. Most in the middle, they're more socially conservative and they want more Medicaid. Well, that's where I was headed, was that Trump decided, no, the opportunity is to be fiscally liberal.

Keynesian, socialist, irresponsible fiscal policy. Shower money on everyone, increase the size of government. run up deficits. This is like if the Democrats all of a sudden said, oh, we are in charge and we can just continue printing money. And all of a sudden, the Democrats are now the adults in the room going, oh, my God, this has gotten out of control.

He's also, he zags around communication. American politics got so politically correct and starched, and there were so many lies and telling people what they wanted to hear.

Trump's Mismanaged Epstein Response

and couching everything in passive-aggressive behavior. And he just came out and said, oh, she's fat, or he's an idiot. And America, quite frankly, just loved it. They absolutely loved it. Where he is really, this is such a rare misstep for him, because if he had just taken the approach of, say, his taxes, he was never going to release his taxes.

That's a good comparison. He lied and said, oh, of course I'm going to release them. And then wink, wink to behind the scenes, don't ever fucking release my taxes. If he had done that here, eventually this would have gone away. But he became so defensive. And obviously guilty. He looks guilty. It looks like when I walk in and my dog, my dog Leah, my great Dane, has gotten into the trash, I know it. She's, she's sulking around like, uh-oh, won't make eye contact.

Putting her hindquarters. Yeah, the dog look. He looks like this times 10. He has fanned these flames unbelievably and handled it so. poorly. He could not, I think I said this on Monday, if someone had said to him, if he had said, tell me, give me the body language, the statements, and the complexion of someone who is clearly guilty of something and freaked out about it.

That is how he has behaved. So what should he do? Say, again, as I said, should he just say he's going to release them and then not release them or agree with his people? and say it's terrible, nothing can be done about it. I mean, in this case, he does have the power to release it. So it's really hard.

to say, yeah, I agree, we should release it, and then not release it. Because he's the one who promised it in the election. He's the one who talked about it incessantly. He's the one who trained his...

followers to be conspiracy theorists, right? And these people are committed, more committed to the conspiracy than they are to him at this point. It's just so weird about this and the statement about what it says about our politics. And that is, first off, What do you know the first bipartisan action or the first demonstration of bipartisanship in this fucked up electoral body is over a conspiracy?

That's what it took to bring Democrats and some Republicans together was a conspiracy. And what's weird about it is I get the sense that they're not the people who are so outraged about this. They're not outraged that they want to know. if these people are guilty of raping children, they want to know if their conspiracy is valid. It's just so strange. And also... What I don't get is the following and why I believe, wow, there may be a there there, is that if he had just done what any number...

I mean, at some point, this island looked like a little bit like what you would imagine Davos would look like, except with bathrobes and ankle monitors. I mean, this gathering, there were so many people there.

They're really powerful. And the majority of them have said, yeah, I fucked up. I thought it was going to be a good time and a good party and everybody else, you know, was going. Yeah, you talked about that. Keep in mind, Kara, this is a country that has forgiven him after he was found liable for sake.

sexual abuse. And so many accusations on top of that. And he's worried about, and he thinks this is worse. Yeah. So how could it be worse? Yeah. Who'd have thought that someone who had that history- What are your thoughts here? I think I- I'm fascinated how interested I am now in understanding. I think there's a huge opportunity here for fraud that they will release certain things because he keeps saying.

She can release the credible things, right? And so I think there was a joke. I thought Jordan Klepper did a great job talking about that. They're going to try to fake things like fake conversations and things like that. There's a huge opportunity for manipulating. information if it does get released, so be dubious of some of it, and creating kind of a mess so you don't know what's what. There's a huge opportunity for really hurting people that are not guilty who just stupidly went to his island.

At the same time, a lot of it probably is probably worse than you think, right, what this guy has on these people. Because he was operating for decades, by the way, Jeffrey Epstein. It wasn't a short time. People kept going after he was convicted and in a sweetheart deal. All the people in Florida were involved in the sweetheart deal, including one of Trump's former cabinet members. And so and ended up having to leave because of it. I think Trump is.

he's acting guilty because he is guilty. And the question is, what is he guilty of? Right? What exactly is he guilty of? And what... proof is there why hasn't the proof come out till now you know you'd think this stuff would come out and it's kind of interesting that it hasn't that's another thing the other thing is he He keeps saying, incredible evidence. Like, what is that? What does he say? Everything he says, I pay attention to.

I think it's a big, giant mess. And if I were him, I'd let it all out and let the chips fall where they may and make it confusing for everybody. Make it a bigger, hot mess than it is.

Epstein Files: Guilt, Conspiracy, Media

It's not going to go away. The Maureen Comey thing, why would you do that? Why would you file the prosecutor of Ghislaine Maxwell? Is he preparing to pardon her? And I think... Let me just say, I think Elon has a very good point. What is she doing in jail? He's calling it a hoax, the whole thing. Why is Jillian Maxwell in jail if it's a hoax?

I'd like to know. Well, and again, if the election was stolen in 2020, how many people have been arrested? Zero. Anyway, so again, what is Maureen Comey's firing? Again. Start playing the kazoo. Do you think it was an accident that he fired her yesterday? No, I just think what's interesting is a firing of federal prosecutor and a tape gap. That reminds me of someone.

Nixon. I feel like just MAGA has given us license to talk about our favorite conspiracy. Do you remember The Godfather? I don't think... I don't think he was murdered. I think this is what happened. You know how in Godfather 2, the Robert Duvall character visits that guy in...

witness protection or in prison who's going to testify against Michael Corleone. And Robert Duvall, the concierge, comes to him and says, hey, you know, being ancient Rome, they used to kill themselves and then their families would be taken care of. He basically says to him,

If you kill yourself, we'll take care of your family. I think something along the lines of, all right, if you want to kill yourself, we'll figure out a way such that no one gets in the way. But something went on here. This is just... two cameras two guards and and through just a series of very very unlikely events he was able to do this this is i mean this really is the stuff of uh

conspiracy theory. It's just sort of like you read about this and there's no less than probably a dozen or two dozen people. If someone came to that person and said, Oh, by the way, if somehow $10 million ends up in a Swiss banking account, this guy's going to end up dead. I think there's a lot of people who are on that island who would probably nod. So this is...

And again, I come back to the same thing. First off, the Comey thing was another one of his attempts at distraction, hoping that the media would pick up on it. If I had to guess. He slept with someone underage, and there's proof of that. Yeah, that's called rape, right? Exactly. Raping kids, raping children. That's what I'm saying. I think that is— Well, that's what everyone's guess is. That's the assumption. That's the assumption.

It wasn't that he had mushroom chocolates on the island and watched the sunset. I mean, it's not. He is really worried here. And you think, well, maybe he's worried about his friends. He doesn't give a flying fuck about anyone else. What about a special counsel? Did you see Lauren Boebert's suggestion? Matt Gaetz? Yeah, hire a special counsel. But how special will that counsel be? I know, Matt Gaetz was her suggestion. She's such a bubble head.

Man, she's such a woman. Yeah, I don't know about that. Yeah, I don't think you hire her. Although he'd know how to find it. Yeah, like appointing Matt Gaetz to the special counsel is like trying to defuse a bomb by strapping it to your ex-wife. I mean, that just... I thought that was funny. Don't even understand that. You're not really trying to solve the problem here. You're trying to kill two birds with one stone. This would be so bad. Oh, my God.

Can you imagine? And, of course, he gets sucked up into it because, of course, it'll start talking about his problems, similar problems. Well, we're going to have a special counsel who was accused and investigated, and I think he was cleared, to be fair.

of the crime he'd be investigating? Who knows? What's the next thing? Just very quickly and we'll move on. Well, I know what the next thing is. Something fucking outrageous and stupid that we all go over here, so we're not talking about Epstein. I don't think anyone's going over here. I know, but well, okay, but I was working out with my son yesterday and the Chiron and CNBC and CNN all talking about Chairman Powell.

He's not going anywhere. Nothing is different about Chairman Powell's job than it was 48 hours ago, except it's crowded out more and more reporting about Epstein. Epstein's not going anywhere is what I meant.

and epstein's not going anywhere until the files are released that is it you that's what you think you think this is gonna there's no there's no not dying i mean the fox news is interesting the other day they were they were counting fox news and it mentioned Epstein four times because Trump said something.

and Biden 52 times. It was crazy. They're trying very hard. A lot of conservative media is very nervous about what to do here because they love the conspiracy theory, but they don't love that it's linked to Trump so closely now. So it's going to be hard for them to figure out, although the Wall Street Journal certainly has been aggressive in covering it, but still not heavily, not as heavily as it should be.

give it glancing attention. So it'll be hard for all these conservative media things, but I think it's going nowhere until they release the files. And then that will take up all the time. And now Trump's whole administration is Epstein. That's it. That's all it is until the midterms, I think. I don't think it's going away like his other. Most of his stuff moves on. This is not moving on. But we'll see.

Grok's DoD Contract and AI in Warfare

We'll see. In another news, Defense Department is going to start using Elon Musk's favorite chatbot, Grok, which is interesting because Elon's really attacking Trump. XAI announced this week that it secured a $200 million contract with DoD to develop and implement AI tools for the agency.

Anthropic, Google, and OpenAI were awarded similar contracts. XAI is also rolling out Grok for Government, a suite of products that can be customized for specific uses across science and healthcare and other sectors. And I suppose it can go into... Hitler mode if it needs to. And that's not all. The latest Grok update includes companions for super Grok subscribers.

An anime girl and a panda, they're already doing all sorts of problematic things. I'm not going into it. What happens, we'll see, when it gets into the government, I don't think they're capable of making a commercial product. product for government but so far they haven't been able to your thoughts any quick thoughts well initially in order to try and quell concerns about ai and stave off any possible regulation they all had literally all of them whether it was llama

or Anthropic or ChatGPT all had language that essentially said that they would never use their models for military warfare or nuclear industries. They have all... I'll recently change that language or gotten rid of it because there's money here. And big money. So all of this, I mean, all of them were like, this is dangerous. We realize it's dangerous. We will never use it for military applications. And they're like, oh, there's a check here.

Get rid of that line. I'm going to do the Michael Barga. So what you're saying is. What you're saying is, Scott. Anyways. That they're greedy fucks. Yeah. So what you're saying is, even though he claims to be a heterosexual, if you have a dreamy salt and pepper beard, he'd go there. He'd go there. Anyways. Poor Michael Bourbon. The last thing anyone's going to do now is compliment us. Yeah, I know that. Literally the last thing. Let me just say, he is exquisite.

No good deed goes unpunished, Michael. Exquisite, Michael. We think you're exquisite. But also, I personally, I really... endorse and in favor of this intersection, which for some reason we have avoided, between our nation's most innovative companies and our military industrial complex. I think other nations are trying to figure out. I mean, one of the learnings we're going to take away, I think, from the war we were talking about, the war in Ukraine is the following.

that just stating you're going to increase your military budget by $120 billion, that's, again, drunk uncle practicing his karate in front of everybody thinking it's impressive. Karate. Karate. The lesson you can take away from the war in Ukraine can come down to one word, asymmetric. And that is there have been $300 drones that have been taking out $3 million Tu-144 tanks or whatever they're called.

We should be massively investing in asymmetric warfare. Things like drones, AI, predictive technologies, because the reality is the kinetic... era is over. And that is thinking if you have more tanks, you're automatically going to win the war. That used to be true. Wars used to be a function of brute force. It's no longer the case. And I think companies like Anderell, Palantir.

which I have been critical of. The reality is at the end of the day, we should have our brightest working hand in glove and stop all the fucking bitch, stupid. like walkouts at these companies saying we're not going to work with the defense industry. No, they can do that. They can leave. They can leave.

Tech-Military Collaboration Debate

They'll do what they want. Oh, come on. We're going to walk out over lunch. That'll show up. Well, no, no. They have to leave. That'll show up. If they don't want to do it, they should leave. And they have every right to do something. I love what you say. You don't like Chick-fil-A? Don't eat a Chick-fil-A. But don't walk out over lunch and think that somehow that's going to make any difference. And in a lot of these, I don't.

I've said this a lot. I sound very, I don't know if the term is Republican here. I think a lot of Americans take for granted just how many people out there would like to kill us and take our shit away. And that we need the most robust fighting force in history. And you invest in your opportunities, not your problems. The most successful organization in a modern world is the U.S. military. So we should continue to invest in it, but we should continue to invest in it.

And I do think these companies can bring a lot of value to the Defense Department. The one thing I like is, like, everybody got some. Like, I think there should be. a lot of competition with the defense. They have an opportunity here not to have one, like they have a problem with Starlink and with SpaceX, with the space stuff, putting up satellites.

If you have all the companies here, that's great. One thing that's a problem is that ChatGPT is taken. I don't know if you've seen the recent stats. Still, ChatGPT is huge. The others are... progressively smaller microsoft doesn't even show up and grok doesn't show up at all yeah it's running away with it it's running away with it that even though they're losing all kinds of uh researchers um

That said, I think it's good to have competition in the sector if we're going to do this. Agreed. Did you get the anime girl at all? I didn't. Nobody's using Grok. No one's using Grok. Very few people are using Grok. Anyway. Oh, really? Yeah. Look at the numbers. It's like crazy how far down the chart they are. Anyway. All right, Scott, let's go on a quick break. When we come back, we'll talk about Andrew Cuomo taking on Zoran Mamdani again.

Support for the show comes from Intuit SMB Media Labs. When it comes to small business marketing, reaching the right audience starts with the right data. Intuit SMB Media Labs is the first of its kind small business ad network that helps your marketing work way smarter. By leveraging exclusive audiences and insights from the makers of QuickBooks, you can connect with the right customers efficiently and effectively.

With a scale of 36 million, Intuit SMB Media Labs puts your brand in front of the small businesses that you need most, targeting key decision makers by industry size, maturity, and location. More than just an audience, it's your SMB Media Partner. Learn more at medialabs.intuit.com. From talking about sports, discussing the latest movies, everyone is looking for a real connection to the people around them.

But it's not just person to person. It's the same connection that's needed in business. And it can be the hardest part about B2B marketing, finding the right people, making the right connections. But instead of spending hours and hours scavenging social media feeds, you can just tap LinkedIn ads to reach the right professional. Thank you. place so you can stop wasting budget on the wrong audience and start targeting the right professionals only on LinkedIn ads.

LinkedIn will even give you $100 credit on your next campaign so you can try it for yourself. Just go to linkedin.com slash pivotpod. That's linkedin.com slash pivotpod. Terms and conditions apply. Only on LinkedIn ads.

Support for this program comes from FM Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder owners.

These owners, who share the belief that the majority of property loss is preventable, Work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions combining property loss prevention with insurance protection. At FM, we see what others don't, so we can help protect your business in ways others can't.

Learn more at fm.com and browse Sight Unseen, our new microsite with opinion, research and podcasts about hidden risks facing your business.

Andrew Cuomo's NYC Mayoral Campaign

Scott, we're back with more news. Are you registered? No, you're Florida, Florida. Former New York Governor Andrew Cuomo will officially run as an independent. Let's just make sure the New York State Comptroller heard that. I'm a Florida resident. Yes, you are. Former New York Governor Andrew Cuomo will officially run as an independent in the NYC.

mayoral race after being defeated very handily by Zoran Mamdani in the Democratic primary. I mean, he beat him like a rug. Cuomo posted a campaign video on X, which has under 6,000 likes. It's really sad. The reply from Mamdani with a link to donate to his campaign has over 181,000 likes. It was well done. The former governor plans to ask all candidates other than Mamdani to pledge to drop out of the race in mid-September if they aren't in the lead.

including himself, I guess. And current mayor, Eric Adams, who will also run as independent, said Cuomo asked him to drop out of the race, which he called the highest level of arrogance. I would agree with Eric Adams. I don't agree with him on anything. Meanwhile, Mamdani has been making the rounds, meeting business leaders and visiting D.C. to meet with Democratic leaders.

He had a pretty cool reception from a lot of them because he just did. He's tried a little bit to assuage their worries. A lot of people are looking at Bill de Blasio's policies and Mondani's and Bill de Blasio is left. of Momdani, which is interesting according to a lot of stuff I've read. But Cuomo is so non-vibrant. He looks like an old man. He looks weird. People are making memes out of him walking around with his face and stuff like that, which are very funny.

I know he's shook up his whole campaign, but I don't see him making any ground here. Any thoughts?

Zoran Mamdani's Political Strategy

It reminds me of when in 2016 people said that only Hillary Clinton and Donald Trump could make each other viable. I feel as if... governor cuomo who i like more than most people i think it's easy to be critical of him i get it uh but i actually think he's a a decent man would be a decent like i think he'd be a good

placeholder. I think he'd be competent. I would have voted probably for Cuomo. I've said this. I'm not a New York resident. I also think that people totally freaking out about his international policy is... He needs to make sure the subways run on time. I think some of his policies are absolutely asinine. But having said that, I, like you, I think I got swept up in this fever of young people taking charge and pushing back on the establishment. And he's a viable...

I think it's going to be a rough summer for Mamdami. He has done something very smart in the last week, and that is he is pivoting towards the center. He has agreed not to use or applaud the term globalize the infatata, which is deeply offensive. You said infatata. Intifata? Yeah. Thank you. Only Cuomo and Eric Adams could make a guy who wrote a rap song.

praising the funders of Hamas a viable candidate. And also what this really is a lesson in, and I'm sort of here for it, is young people pushing back. And also he put on a master class. and how to run a campaign for a new age. It is going to be a rough summer for him because I think these guys with their money and also I think New Yorkers are really going to start digging into some of these policies. And basically, you know... People are going to get smart when they start...

pushing back on him. They're going to start saying, okay, these quote-unquote state-sponsored grocery stores are nothing but state-sponsored bread lines. He's going to have a rough summer. All right, but there's only going to be like three of them, Scott. That's like over. Maybe so. They could take advantage of it. There's only going to be like...

three or four of them. So it's fine to like try to get better. If he, if he, if he pivoted and said, you know, what I really want to do is get better food into these neighborhoods and let's figure out an interesting and good way to do it. He could do that. He could pivot that in a second. And he should. He will. He should. And he will. Second thing, a lot of the other stuff, he just has to be more explicit of what he means by rent freezes.

So I think he has an opportunity actually to clarify himself in a really good way and in a very powerful way. Well, if he's smart, he'll pivot to the middle and he's sort of doing that. It's not just the middle. Clarify himself. Okay, here's what I want to do. Let's work together. You mean back away from ridiculously fucking stupid positions? No, but he was like...

But he wasn't specific. And when you start to actually hear the specifics, they're not quite as nutty as you think they are, as you think they are, which I did. Oh, he's backpedaling. The rent freezes. Rent freezes don't work. No, but it's a rent freeze on a certain number of things. Anyway, nonetheless.

He has an opportunity to define himself, and he's got to do that. That's the key thing, is he's got to define them, not let them do it, because they'll do it in this ham-handed way that makes them look like an idiot.

NYC Mayoral Race Dynamics

Secondly, you think he's you think I'm just going to ask you a question. You think he's going to have no problem that he's going to run away with it? No, I think he's going to have he's going to he has an opportunity. to keep the narrative going for himself or they're going to do it for him. And so he needs, that's all I'm saying is, and it's an opportunity to clarify. And so anything that seems weak, the things that bug you that.

drive you crazy, he should start to clarify for those voters. Secondly, as an opportunity to reach out to voters of color, poor voters of color, and really go into those neighborhoods and start talking. That's where Cuomo is strong. He absolutely is. So he can start doing that. The third thing is that the...

The rich people of New York have lost their fucking ever-loving minds about this. They, you know, calling him a march. They, I'm like, calm the fuck down. You've worked with all kinds, like the stuff they've tolerated on Trump. You have no credibility, you people. You're just no credit. You look like rich people running for the hills. And that to me has...

Like Ken Langone, like just all of them, like calm down. Like you might have to work with this guy. So let's figure out a way to work with him, right? Rather than like kneecap him almost constantly. I don't know. he's going to run away with it.

I can tell you if Cuomo doesn't do something because he really looks, go look at his physical. He used to be a big, vibrant man. It looks like he's lost weight. I don't know how, but he looks like he's lost a substantive amount of weight. He looks non-vibrant. He looks old. looks very awkward in in regular settings with people i think he's like he's he all the energy that cuomo did bring to the table and he absolutely did he's lost and so is the adam's the other choice i think

I think he and Adams are going to eat each other up and Mamdani's going to win. I don't see how he can't win unless he makes a big, giant mistake. And if he clarifies himself and... becomes more palatable to more people, and it doesn't have to be the rich people because they're never going to like him, I think he's got a great chance. I think Cuomo is a flawed candidate. I think for 67, I think he looks great. I think he looks really robust. There's a lot of flaws there. Those flaws are dwarfed.

by a guy who cut a backroom deal with an unpopular president to let ice into his city. Adams, the only prediction I'm willing to make here is that it's not going to be Eric Adams. So, but, and also I, to a certain extent, you know, everyone's focusing on the moment that Momdami, in my opinion, won.

at least the primary, was when on the debate stage, they asked them, what is the first place you would visit? And they all got out their virtue signaling and self-importance and said, well, I'd go to Israel. Make sure the trash is picked up. And he said, and this was the moment for him. He said, I go to Brooklyn. I go to Harlem. I'm about improving the city. And these folks. in operational roles. You know, when you're the governor of South Dakota, do you really need to go to Israel?

Yeah. You're basically saying I'm going to take taxpayer money instead of doing my fucking job. I'm going to pretend I'm bigger. I'm going to pretend that I should be president. No one gives a shit what you think about. about the war in Ukraine or Gaza. You're here to run the city and make sure we have good schools, that people are safe. And instead, and he ran right through that. That was brilliant.

That's why I think he's going to do a good job here. But go ahead. Well, and what it says is it might be a turning point. The most exciting thing about his win, and I would not have voted for him. The most exciting thing about his win was within seven days of him winning, 4,000 young Democrats filled out paperwork to run for office across the nation. And that's what we need. We need more young people who think.

If this guy can do it, so can I. I am so sick of the old pulling the future forward on my credit card. I have had it. And so I'm like we both said we're a little bit caught up in this fever. and what it says about democratic politics. And they should absolutely take some notes from his playbook around how he weaponized new media and also focused on affordability and represents, you know, a new generation.

Authenticity and Youth in Politics

Anyways, TED Talk, over. Yeah, let me say one final thing. One of the things that drives me crazy is there was an Arizona race where an influencer didn't win, thought that she might. She got... pretty far against an equally progressive candidate who was taking over her father's seat. And they're like, it's a sign of trouble for Mandami. No, it isn't.

If you're genuine in your area, if you're Abby Spanberger and you want to be more conservative and centrist in Virginia, it works for Virginia, that'll work. If you're in Ohio and you're more centrist, that'll work. If you're AOC and you're who you are, That'll work. What you have to be is genuine and interested in where you are. It doesn't speak to the bigger Democratic Party. That said, they will use if he wins.

The Republicans will try to make Mandani into a demon. I think it's going to be very hard to do so. They tried really hard to do that with Nancy Pelosi. It didn't work. It worked for Hillary Clinton. He is so charming, it'll be very hard to demonize him. And I think making these people more than they are is probably a bad idea. Everyone should be who they are in the area they're in. That's my only thing. Have you interviewed him?

I'm going to. Yeah, I just think Kara Swisher and this guy are like, I think that'll be, he should do it. It totally fits. I was deciding, should I interview Cuomo? I was talking about this with Amanda. Oh, yeah, I would. It'd be an interesting interview. Yes, it would be. You're getting your ass handed to you. What is your thought here? What are your plans? What are your thoughts? What's your plan? Yeah. You come across as...

is tired of the past. How are you going to combat that? And your social media is cringed. You need some help. Anyway, blink your eyes three times if you do. I think the whole world is, well, not the whole world, but those of us who are... You know, the side piece of Michael Barbaro are hoping that you interview both, especially Momdami, but also Cuomo. I'd love to see you interview both of those. I'm going to ask him. I'm going to ask him this week. Or hear it, I should say.

Crypto Legislation and Public Media

Anyway, the House has advanced three crypto bills moving on and a defense measure after setting a record for the longest vote in the history of the chamber. GOP holdouts agreed after being promised a future vote to ban the Federal Reserve from issuing... Digital currencies, the Genius Act, which would regulate stablecoins, is on track to hit Trump's desk this week and could mark Congress's first ever major crypto legislation.

We'll see. Bitcoin is currently trading at $118,000 after hitting a high of $120,000 at the start of the week. Very quickly on crypto. And also, I just want to note, they're also voting to cut funding for NPR and PBS. which is heinous on their part. They managed to get that through so far in this rescissions package. Thoughts on either of those things? Well, PBS, NPR, I grew up with them. I think they do enormous service.

NPR/PBS Funding and Journalism Trust

and they there's just certain people who won't get straight down the middle news anymore with these funny cuts i'm i am a little bit i have a little bit of a republican twinge on this and that is Their public funding has become such a political football that I wonder if at some point...

they're better off without the public funding and just leaning on listeners such as myself who register enormous value to support it. It just feels like it's been such a political football for so long. That means people in rural areas will never have any news that is not. I think, look, that's a fair point, and I touched on that at the beginning of my comments. It's going to be 1.1 billion, a couple percent. It'll hurt them, though. I would love to see an NPR and a PBS.

be really well funded by private individuals such that the Republicans could stop using it as a punching bag at every hearing. For years. Yes, that's correct. So let me commit. Based on what you've said, I'm going to give some money. to NPR and PBS and public radio because I think they do an amazing job. And they do their best. The Corporation for Public Broadcasting is what you want to give to. Go ahead. Corporation for CPV. CPV. Mm-hmm. But here's what was interesting is the survey came out.

And they asked people, what media entities are the most trusted for trying to be moderate? And what was interesting is the two that came up as the most trustworthy in the middle. were companies formerly known as having a conservative and or progressive bent. And the two were the Wall Street Journal and I think it was PBS.

Was it PBS or NPR? I think it was PBS. But what's interesting is that quality journalism does break through even if you have a political bent or a reputation for a political bent. Because the Wall Street Journal was always known as... But they said they limited their conservative viewpoint to the opinion section. They did. They do. You know, I worked there. I know you did. They were amazing journalists.

It's a testament, quite frankly, you got to give it to Rupert Murdoch. I agree. He left it alone. He has done an amazing job stewarding that publication. He has. And then in our business. I've said for a long time, I think we should, every time we do a podcast, send a royalty check to Joe Rogan, who blew the medium open. NPR's podcasts, they're the original gangster of saying that audio quality, it matters. Production quality.

They do such a good job. When you listen to their stuff, it is so tight and so well produced. I'm a fan. Corporation for Public Broadcasting. I think one of the things that you have to note is that what drives me crazy is this idea that Elmo is woke. They're just saying, be nice. They're not like, they do. They go on and on, these right-wingers. And remember, you know, Tinky Winky was gay or whatever, because he had a purse.

And the thing that drives me crazy is the same thing with Superman. They're like, Superman's woke. And then, of course, it's the most successful movie.

of this summer secondly if you go back to old superman things and you read it out loud they would call that woke it's like everyone superman says this is from the 40s be nice to everyone regardless of their religion or their race this has been a superman thing for It's just these people using these iconic things like Elmo and Superman as a cudgel is really...

It's so lame. They're so lame. Be nice is not a woke thing. It's a nice thing to teach kids. And I love everything that NPR and PBS does. And please watch Ken Burns' American Revolution coming up. And we'll send you a tote bag if you give me.

Crypto Regulation and Scott's Investment

$25. I don't know. Elmo, folks, Elmo is conservative. If you actually listen, Elmo. He talks like a dictator or a LinkedIn influencer on mushrooms. All right, crypto, really quick. Two seconds, and then we'll get to your... I think the space needs regulation. There's just no getting around it. By the way, I bought my first... For the first time, I'm a coiner. I bought...

indirectly through a bitcoin treasury company i bought bitcoin finally um just for diversification real and i'm just so sick of missing out on all this what they've done bitcoin is just it's a remarkable phenomena there's no getting around it and I don't understand the nuances of the regulation, but this category needed some sort of clarity around regulation. The Genius Act sets rules for stablecoin users, such as...

I think it requires one-to-one backing with treasuries, monthly reports, redemption rights, anti-money laundering compliance. Those are good things. That'll be good for the space. Many of them already do this. I think Circle and Paxos already do this. And it will bring some clarity to the unregulated players. Then there's something actually called the Clarity Act.

And it formalizes the regulating bodies, which I think is a good idea. Bitcoin and Ethereum will go to the CFTC or ICO tokens will go to the SEC. Stablecoins will have shared oversight. And then there's the Anti-CBDC Act. This is the one I really don't understand. And as far as I can tell, that act is to make sure that the Federal Reserve cannot create a digital.

currency, that they're worried that threatens the dollar's reserve currency status. And they frame it as defensive privacy, preventing the government from spying on how you spend money. But it's essentially a play towards... My understanding is it's a nod towards the anti-surveillance crowd, but it's also the government probably doesn't want, wants to ensure that the dollars reserve currency.

is not threatened. So to their credit, I think they're trying to bring some clarity to the space such that it maintains its momentum. Yeah. David Sachs got what he wanted in this one. shepherded this one through. Anyway, we'll see where it goes. And we should be watching that. Absolutely. What's happening there. It's interesting that you invested. All right. One more quick break. We'll be back for predictions.

Support for this show is brought to you by CVS Caremark. You know the saying, less is more. Well, with CVS Caremark, it changes to more for less. With more care, more guidance, and more expertise, CVS Caremark helps your plan members spend less on their prescription drugs. CVS Caremark leverages their scale to negotiate lower net costs for medications every day.

And that's exactly what your members can count on from CVS Caremark. More ways to maximize their benefits. Go to cmk.co slash stories to learn how we help you provide the affordability, support, and access your members need. Have you ever been in a different time zone several times in a week? It can feel like you're walking in quicksand. Okay now imagine doing that while trying to get around Cameron Brink.

Or attack Brianna Stewart in a drop defense? Or how about chasing Neko Ogwumike around the court? Yeah, you'd feel like crashing out by month two. But that's the job for most of the players in the W. And while it's a dream to be a part of the league, it isn't the easiest thing on the body. Thankfully, Delta Airlines stepped up to provide the entire WNBA with charter flights starting from the 2024 season.

Now players have the ability to break down film and talk about matchup coverages or do what we all like to do on planes, eat, sleep, and have a good time thinking about our next destination. Because at Delta, they believe there is always more potential to own and help you achieve your own individual version of success. And by investing in the WNBA, Delta has directly brought people to their potential by elevating the player experience through the current charter program.

If you want to get to your destination feeling good about yourself, check out Delta. Keep climbing with Delta. Book your next adventure at Delta.com. Support for this show comes from Pure Leaf Iced Tea. You know that point in the afternoon when you just hit a wall? You don't have time for self-care rituals or getting some fresh air, so maybe you grab a beverage to bring you back. But somehow it doesn't do the trick or it leaves you feeling even worse. What you need is a quality break.

a tea break. And you can do that with pure leaf iced tea. Real brewed tea made in a variety of bold and refreshing flavors with just the right amount of naturally occurring caffeine. With a pure leaf iced tea in hand, you'll be left feeling refreshed and revitalized with a new motivation to take on what's next. The next time you need to hit the reset button, grab a pure leaf iced tea. Time for a tea break, time for a pure leaf.

Personal Tributes and Podcast Reflections

Okay, Scott, before you get to Bridges, I just want to say, I had been approached by so many people about your incredibly touching tribute to your dad. And I just want to say, again, it was really wonderful. And I think our listeners really, I've been hugged more this week. than ever before. People without...

Without asking, people are like, I need to hug you. I was like, okay, on your behalf. So I just think you really, one of the strengths that you have is you show your emotions and it's really important to a lot of, not just men, but women. seeing you do that, I have to say. And so it's been unusual this week to get so many responses. So there you have it. Thanks for signing on. I predict you're going to get even more woke.

I love what you describe me as a San Francisco lesbian. By the way, I am in San Francisco. What are you? I'm in San Francisco, yeah. What are you doing there? I'm coming there next week. What are you doing? Where are you? I know that hotel. What hotel are you in? You don't have to say. I'm at the Four Seasons. I'm visiting my sister. I'm going to have lunch with her today. Oh, say hi to your sister. She's fantastic.

Yeah, so I was, as you know, I was in Colorado, so I took the opportunity to come out and just have lunch with my sister. Oh, lovely. Anyway, let's hear your prediction then. Besides the fact that you, me, and Michael will be in a cuddle puddle soon. Hello. Hello. Smack her ass, Michael. Smack her ass like she keeps correcting me.

Poor Michael. God, Michael, we're so sorry. What's his relationship? Is he married? He's married. He's married? The three of us. The three of us will have a couple spicy margaritas and explore how serious is that relationship. We're going to have a sex tape and then we're going to send it to Meredith, his boss. He'd probably get a raise at the New York Times. Come on. That's a good one. If chamomile teal tried to explain the fed rate hike, that's the daily. I love that.

Oh, I'm sorry. My prediction. You know, I asked him to be a co-host during Scott Free August. And what did he say? He'd be perfect. He wants to do it. He's got to ask the time for permission. Meredith, if you can't do it, you're getting in the way of our throuple. which is discriminatory. And I mean, Meredith, stop giving into your heteronormative patriarchal management views around what daily the podcast host should do. That's so funny.

Trump's Distraction and Epstein Predictions

Okay. Love Meredith. Love Meredith. Okay. So my prediction is pretty straightforward. Before this podcast even airs tomorrow, there's going to be another incendiary, look over here, batshit crazy. hollow threat, promise. I'm raising, I'm putting a 200% tariff on Myana Marie's rare earth minerals. I am.

I am firing. I have decided I'm going to imprison Alec Baldwin. And there's going to be something. We're at Area 51. He should release the files on Area. Who knows? That would work. This is my prediction. Meet a conspiracy with a conspiracy. He's not focused. He's not doing anything.

The majority of his time right now and efforts are not being spent on increasing the material or psychological well-being of Americans. No, they're not. It's on. They're in a room with AI going, what can he do or announce tomorrow? It doesn't matter if it's stupid. It doesn't matter if he has any intention of actually following through that will keep the news off of one word, Epstein. Every day for the next seven days, Cara.

And we should track this and read them out. There's going to be something stupid, incendiary, which has absolutely... No chance of ever becoming reality in an attempt. And the media will fall for it. They'll go, Jesus Christ, what is he thinking? And they'll start talking about that rather than what he doesn't want everyone to talk about. And that is he is freaked out.

for some reason, about the release of the Epstein files. He thinks it's going to go away. He does. Internally, they're saying they think it's going to go away. I don't think it is. Sorry, Trump. You better address it. That's all he's got to do. Do you have any predictions? I think he is going to.

probably have to release these things and then we'll have to worry about the fraud involved in it. I think he has to release them. I don't think he has a choice here. He is very good at pushing things off. I think he's going to have to release these things. think it's going to be like his taxes or anything else he's not getting away with this one i think elon is correct about that it's not going to work this time

Anyway, we want to hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com slash pivot to submit a question for the show or call 855-51-PIVOT. Elsewhere in the Kara and Scott universe, this week on Prof G Conversations, Scott spoke with Greg Lukianoff, a free speech advocate, First Amendment attorney, and president of FIRE, the Foundation for Individual Rights and Expression. Let's listen to a clip.

Well, in terms of First Amendment law, anonymous speech is protected. But but I don't. enough of an answer and i think i tend to think of the justification for anonymity is like a seesaw that especially if we lived in a free and enlightened society in which people welcomed dissent and welcome disagreement, and there was no imaginable idea that you'd be punished for it, then the justification for anonymity would kind of ring hollow to people.

Yeah, I like that. You talk about that issue a lot, Scott. It's an important one. Okay, that's the show. Thanks for listening to Pivot. And be sure to like and subscribe to our YouTube channel. We'll be back next week. Scott, read us out. Today's show is produced by Lara Neiman, Zoe Marcus, Taylor Griffin, and Kevin Oliver.

Ernie and her Todd engineered this episode. Thanks also to Drew Burrows, Mia Severo, and Dan Chalon. Nishat Kuroa is Vox Media's executive producer of podcasts. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe. to the magazine at everyonemag.com slash pod. We'll be back next week for another breakdown of all things tech and business. Michael, call us.

Support for the show comes from Intuit QuickBooks. Do you own a business that's ready to thrive? It's time to let Intuit QuickBooks take things like unpaid invoices and tracking expenses off your plate so you can take things to the next level. Intuit QuickBooks is a powerful AI-driven all-in-one business. solution.

They can help with day-to-day tasks like invoicing, expenses, and taxes. QuickBooks can help you unlock the growth in your business so you can get back to enjoying your business. Manage and grow your business all in one place. Intuit QuickBooks, your way to money. Support for the show comes from Charles Schwab. At Schwab, how you invest is your choice, not theirs. That's why when it comes to managing your wealth, Schwab gives you more choices. You can invest and trade on your own.

Plus, get advice and more comprehensive wealth solutions to help meet your unique needs. With award-winning service, low costs, and transparent advice, you can manage your wealth your way at Schwab. Visit schwab.com to learn more. Support for this show comes from Seven Rooms. For the restaurant operators out there who want to create more regulars on the regular, check out Seven Rooms.

Seven Rooms is an all-in-one CRM, marketing, and operations platform that helps you make more money and more magic for your guests. It gives your staff the tools to deliver service that keeps your guests coming back for more. From direct reservations to smart table management to targeted text and email marketing, Seven Rooms helps you grow your brand and your covers and not your workload. Learn more at 7Rooms.com. 7Rooms. Make magic. Make money.

This transcript was generated by Metacast using AI and may contain inaccuracies. Learn more about transcripts.
For the best experience, listen in Metacast app for iOS or Android