Trump's Iran Deal, SpaceX’s Wild Ride, and Snap’s Specs

This week on Why Are You Like This, I am talking with the one the only Colin Kaepernick. Colin joins me for a fantastic conversation marking the 10-year anniversary of his protest. We dive deep into his football career, his decision to protest, the work he's been doing with Know Your Rights Camp and his new memoir. Check out the latest episode of Why Are You Like This, wherever you get your podcasts and on YouTube. Hey everybody, Cassidy Hubbard here. This week on An Mom, we spoke with Grammy Award-winning musician Corinne Bailey-Ray about taking her kids on tour, becoming a widow at 29, and how she felt about having a home birth. Check out the latest episode of An Mom, wherever you get your podcasts. Haven't had much luck on the dating apps lately? Don't worry. It's not just you. It does seem like across sex and dating and partnership, co-habitation, marriage. All of these behaviors are kind of on the decline. How to fight the romance lump and find a connection in real life. That's this week on Explain It To Me. New episodes, Sundays, wherever you get your podcasts. Oh my God, you're so difficult today. So fucking bossy. Hi everyone. This is Pivot from New York Magazine in the Vox Media Podcast Network. I'm Cara Swisher. And I'm Scott Galloway. We're not going to talk about the Nix, because we just got an argument about it. I think it's amazing. Stop shit posting the Nix. It's super exciting. No, no, no. What are you wearing? Explain what you're wearing. World Cup is also very exciting and I'm very hot and you'll we last. That's right. Scotland, top of the table in their flight to be Haiti, Haiti, and they're playing Morocco tomorrow, which is a fairly serious. Do you know that I know you're excited to talk about Team Scotland? They haven't appeared in the World Cup since 1998. They've been in the World Cup eight or 12 times and never managed to get it out of the group stage, which is no one else has unfortunately had that. They have McTaman in this time. They have a really strong midfield. I'm just super excited about Team Scotland. Yeah, speaking of bringing the world together, New York is having its ticker tape parade for the Nix, which I'm very. Are you going? No, look, I'm not a sportsman. It's got, unlike you. I'm not. I don't go to parades. I don't like, I don't like large gatherings. Is it through Matt? I take it. It's through Matt Han. It's through the Wall Street thing and they're going to like throw the ticker tape stuff. Let's put a picture up. He was in a hotel room because it was a guy and at 5 in the morning the noise was like loud. Like people are like getting ready to go. I heard New York is literally electric right now. It is. I was just this week. It was great. I mean. But more importantly, this is a true story. Boston bars that run out of beer. Some Scottish fans. Oh, really? They literally run out of beer. Boston. I know they're playing in Boston. Anyway, it's very exciting. All these sporting events. I love this. I like basketball best of all. If I had to watch something, but what's really nice is to see all these gatherings. And that's my favorite part. The gatherings. How are we going to come back? Yeah. And also people seem to. There's not a lot of fighting. It doesn't seem like people are jolly. Yeah. Like all these pictures this morning from New York, they're like jolly and all the world cut people like the nor is it the Norwegians that keep rowing everywhere? They go up for escalators. And then they threw. Then they threw the Japanese fan in the air. Yeah. Yeah. Yeah. It really does bring the world, but the Japanese fans bring these blue bags and then they clean up after I just like the whole thing. I like all the group activities. And I think it's cute. It's adorable. You know, the Scottish clean up. It's putting all their empty bottles in the corner. Anyway, are you? So it's in the Scottish of any chance since you're called Scott. It's the strongest team we've fielded in a while. I think that and they're they did win their first game, which means that the chances of getting to the next stage. Basically, realistically, we probably don't go that far, but there's always a dark horse that makes it to the quarterfinals, whether Morocco is considered a dark horse. Oh, okay. Russia did really well at one point. I mean, I'm pulling. I think it's really exciting. It's more likely that in terms of the UK, that England represents us, but this is the strongest Scottish team in a while. And they had a fantastic opening game last night. Did I? I don't know. There's some stuff on the social media. Probably one of the three best players in the world right now, the disappointments were Spain, which drew and Portugal, which drew, which are both supposed to be amazing contenders. And also the US team is is is the strongest. It's been in a long time. And they had a fantastic opening. That's what I heard. I feel like we should like dominate. Why don't we dominate me if such like that's such an American thing to say, but I would think we all the money that's been put into soccer all the attention. It just seems like we never make it in. I mean, I know, I guess it's not really as popular as football and basketball here, but it's a group of people who just don't play together that often and this could be their year, though, a player by player. Policich, I mean, they have some amazing. They have some amazing town. Good. Well, I'm excited. And I'm excited for you to go to a game. You should go. It's a very Europe. I'm going to a bunch of games. Yeah, that's great. Plus, it's really inexpensive. It's such a good deal. It's incredible. I make I make a decent living and I'm blanching. I know. Well, whenever I see they have a lot of stuff on social mute, like of the prices, like the lowest prices, $11,000. And I was like, what? Like, like, it's crazy. Maybe not that much, but it's like, as I said, it's easier to go to Mexico or Canada to watch these things. Oh, I have some I have an invitation for you. Okay. Leslie Stahl wants to have dinner. Emily Rodikowski. No, she wrote that piece, though. I can't believe you didn't comment upon. Yeah. Yeah. The one where she's breastfeeding. Yes. Exactly. That one. I'm here for it. I'm here for it. And by the way, I definitely read the article. I did just look at the picture. I definitely read the. All right. Okay. You got some. She asked about me. No, no, never. No. She's playing that game, that hard to get game. I got it. Anyway. Leslie Stahl. I had breakfast with her in New York. We had a lovely time. And she really is. We had a good talk. We had a good talk about what's happening. You and Leslie Stahl. I'm trying to come up with is that like the Cagmian Lacey A. U. Reunion? What is that? Like what a sense of folks can make about you and Leslie Stahl will take your skit off. No, I'm scared of Leslie Stahl. She's very good. Well, she wants to have dinner with us. I do not like to be around other people. You know this. You're supposed to clear out these invitations for me. No. Leslie Stahl is worth it. Trust me. All right. I'm sure she's super impressive. And she will find me. She will like anyone you introduce me to, they find out I'm not nearly as interesting as they think I am. So let's just say that everyone disappointment in social anxiety. No, don't say no to Leslie Stahl. You're doing it. I'm going to say we're meeting. And then I'm going to bring her. And that's how it's going to go. Why are you hanging out with Leslie Stahl? Is this like another like journalist mafia thing where you talk about how old white people don't get it when they buy their companies? No, she's came to code for years. She came to go for years. You don't understand the the amount of people I know. And no, I think I do. I think I do. I hear from your friends, my friends. I would say we were friends. And so just we just got together. She, you know, we want to just get together. We did talk about you and an icon of journalism. Yeah, we're like, I do a lot of journalists people like, you know, you go for drinks with them and stuff. Like you do that all the time. Anyway, she wants them. People would drink. That's it. That's my criteria. Do you drink? Yeah, I don't know. I don't know. Well, she'd throw some back. She looks like she could throw some back. Yeah. Anyway, she really is a big fan of inexplicably. And obviously, oh, I got some other Intel, but wasn't from Leslie Stahl. You were approached. You were approached just getting more, more info. I'm looking to tell everyone what that's about. But indeed, I got more confirmation on that topic. You mean CBS long that I approached them about. Yes, yes. Someone who knows. But I need to be fair, though. I thought a lot about this because it upset me. It was very immature of me to try and get clout by talking about a professional outreach just to make myself look important. That was immature. I never do. And I regret it. Okay. You never do. It was immature of me. I shouldn't brag about someone reaching out to me. Oh, I guess. It's like, okay, that's a great way to show gratitude of someone coming to you with an opportunity to brag about it. Anyways. What is going on with me? What is going on? I need to hang out with Leslie Stahl. You do. All right. Anyway, Leslie's lovely. Hi, Leslie. Will she mentor me? Oh, I doubt it. Anyway, I need someone. I've been trying for years to do. Yeah. No, I need someone. No, I need someone more affectionate and loving than you. She's not tall. Leslie Stahl is not your choice. I need it. It's like that. Do you know who Ruthie Rogers is? She owns the River Cafe. Oh, I've heard of her. Sure. Yes. She's an older woman. And she reached out. There's nowhere to say hi. And I was so pissed off because it ends up that the River Cafe is like in fucking burming him. Lund. It's like two hours. It's far out. Yeah. It's for their. I have been there. I go down there. And I'm going to all pissed off. And this little woman, fairly advanced stage, comes rolling out. And I'm like, what the fuck? Why am I not with Emily Radkowski was my first thought. And then I'm like, what am I doing here? Why did I agree to this? And within 10 minutes, she was holding my hand above the table, like talking to me about my childhood. There's something about her. You just find you a nice lady like that. But - We have a bunch of tough lady fans, that's what it is. Oh, okay. Can I do one call out Katie Kirk has had a grand trial? - Oh, I saw that. I saw that and that was nice. Good for her. - That's very nice. Congratulations, Katie. Before we get into it today or a reminder to check out our YouTube channel, be sure to like the videos and subscribe, we're into the YouTube situation and we're also in Roku. We're a lot of places. - Yes, Roku, Swerve, you just type into, I don't know how you get that though, we're with on the Swerve channel or whatever it is. It's the Profchies channel. I love that, I love the pivots on the Profchies channel. We'll just ignore that for a second. - All right, well that's. - People can stream us live. - Oh wait, yeah, stream us. - Okay, we're very promiscuous. But go to YouTube, we've got a lot to get to. So let's dig in. First, Scott, the Reflecting Pool. I wanted to ignore this, but it's crazy. The paint's coming off today. There's $14 million renovation. They put this American flag blue on it and they paint, Trump insisted on it. When there's other problems with that thing it's for years and years, you know, like all fountains, all pools, that problems. And this is a big friggin' pool. But it's usually just the stone color and he had painted it this color and it's turned algae green. There's algae everywhere. Now the paint is coming off. There were pictures this morning. The interior department says it was a residual algae from the supply lines that were sitting there while the pool's being renovated. Most people say this is nonsense. And he pulled all these pool people are weighing in, which I'm enjoying very much. They're deploying, quote, "high-tech nano-bubble ozone technology to combat this." Except workers were seeing pouring bottles of hydrogen peroxide into the pool earlier this way. By hand, some experts say the pool's new color has worsened the pre-existing issues. Darker blue absorbs sunlight, increasing water temperature, making the pool ripe for algae. Apparently there's phosphates in it. It's ridiculous and what a fucking mess up 'cause they picked the wrong people to do this. They shouldn't have painted it. It's very much sort of lack of transparency, overly expensive and badly done. But I want to talk about bad messaging because this is the reflecting pool, which is ahead of the 250 celebration. That's a center along with the Washington Monument, the Lincoln Memorial, those are symbolically beautiful and actually much visited during the 4th of July. And it's gonna look like shit. Talk about it from a brand. Is there a brand new perspective? Is it getting a lot of traction? And usually I think these things are silly, but this one I'm like, yeah, this really, he fucked this up like royally in a way that seems ridiculous. - Yeah, like the analogy here, the symbolism is pretty strong. I would argue that the reflecting pool is actually what doing its job and reflecting what's going on 500 feet away. By the way, I started into a reflecting pool for too long and it made me think. I don't know. I feel like it's been staring, the reflecting poolism is staring at Congress for several hundred years and it's just finally giving up in a bad full-moss. - I don't know, what do you. - I think symbolically it's for a lot of people. Most kids have gone to the reflecting Americans when they go on trips to Washington. If you get to go to on a trip to watch, as many people do, it's just like everything about it is like, can you do anything that doesn't suck? Like it's sort of, even though it's just the pool, it's the easiest thing to fix in all the many things that are hard in this country. And to fuck it up, this royally is really quite something, I think, you know, it's a messaging of sort of this old man who is adult, who overspends our money. It's all tax money and we're gonna have to pay for whether it's cleaning up the East Wing, whether these physical things, and you had talked about this, the destruction of the East Wing, or what he did at the Kennedy Center with the name coming down. It's all like destruction, we're gonna have to clean up after this elderly toddler essentially. - Yeah, I was on a podcast yesterday and they asked me what I thought about the reflecting pool in DC, turning green, and I said, no notes. I mean, it's the metaphor, the analogy, whatever. It's just perfect, but there are only two people in my life that make me laugh. Occasionally, you make me laugh. You have a very infectious laugh. But that's actually, you know what? We were arguing at the beginning of the podcast and one of our producers Taylor said, say something nice about each other. And I should have said, you have a great sense of humor. Your laugh isn't infectious. I think it definitely softens you up. - Yeah, here I'll do one. I like that you cry. Someone asked me if you're crying was genuine, and I said it is, and it's very moving. So, go ahead. Yeah, no, it's not an act. I really do have. - Yeah, someone thought it was. They said, you cried so. You cried somewhere at an event. And I forgot who was it. It wasn't Leslie Stull. It was someone. - No. - No, no, no. Another secret meeting. - A cry to an event. That's like, I would be, I'd put it at one in five. If I talk about my mom, young men killing themselves or my boys, that's it, I'm done. - Yeah. I think it was about your mom and I said, no, it was someone, and they asked it, but it was real. And I said it really is. He's really very heartfelt anyway. - Anyways, so back to. - Belgium. - So, the thunders people, there's two people in the world that make me like laugh out loud. One is David Frey, my friend is a cosmetic dentist who's one of the strangest, funniest people in the world. And he'll just call me and start talking about his day and it cracks me up. And my friend Lee Lotus, who's got father to my children. Anyway, hilarious. And I mean, we used to take trips together. Like before, he found his partner and before I had a girlfriend, we used to go on trips together. Like we just, we would drive up the coast together, we did all these trips together. And we decided, he's like, we should go to Chicago. And we said, we went to Chicago. And he was doing the same Patrick's Day and they'd die the river. - Oh, green. - Green. And he looked at him like this. - That's the color. - He goes to me. He goes, you'd think they'd be able to die it clear. (laughing) And we just sat there. I just sat there and laughed through like. - It's funny. - Anyway. - We'll get him down to the fucking reflecting book. Is it really? - Literally, the funniest guy in the world. And he's such a good friend speaking of DC. When my sister was a senior in college in University of Florida, he's like, you're the big brother. You need to take her to DC to our nation's capital. And so we went to the nation's capital and we like stormed into speaker polos, or representative of that time. Polos, his office, and started asking questions about theversity of park. And thinking, this will get your sister excited about her government and politics. And you know what she did? She did get excited and she went in intern for some far right fucking crazy. - Oh, what? - And I'm like, that's not why I brought you here. - Well, it kind of is. - And she's been kind of a, I'll give her this, a moderate Republican ever since. And it's a. - Your sister's not that. - No, she's not crazy. - No. - But she is kind of a, you know, she wears pearls and that's what it is. - It is what it is. - She's like a moderate. - Well, you taught her about democracy. That's the, that wasn't it. Anyway, algae, bad messaging. Because it just sort of piles on with the Kennedy Center thing, this thing. And now, of course, the biggest one. Donald Trump is defending his deal to end the war in Iran saying critics who think he hasn't been tough enough for jealous, bad or people or stupid. His comments come after he signed the memorandum and understanding or MOU at the palace of their size on Wednesday, which was the most epic troll by Macron. I've ever seen, he lured him there with gold. And it's the place, of course, where the Germans signed the Model 1 Accord. So let's talk about the treaty of her size. Let's talk about some of the terms of this agreement. The straight of her moves will open immediately in Iran be allowed to sell its oil freely. Also, they'll get some sort of fees which didn't exist before. Every, it's exactly the Obama deal, but worse, essentially. I mean, Obama got a lot more stuff and paid a lot less than nobody died. And there wasn't the impact on the economy globally and in the United States. The US will end sanctions on Iran in unfreeze assets. The $300 billion fund will be established to help rebuild Iran, though Trump says the US will not contribute to it. Iran agrees to not procure or develop a nuclear weapon. But before the Obama agreement was much more stringent, the deal is said to be officially signed on Friday is not a final agreement. It doesn't seem much has been agreed at all. The two sides have 60 days to negotiate a longer term deal. Either side can walk away. The Republicans are not liking it. And those who are trying to defend it are pretzeling themselves. He's lost the support of all manner of people, including Ben Shapiro, Tucker Carlson, of course. Lots of Republicans build a capacity. And many others are like, this is a piece of shit deal. They're saying it out loud. Senator Kennedy, you know, Didameros don't have to say anything. And even Fox News is attacking him. Thoughts on this situation. 'Cause Ben, someone, Donnie Deutsch said, you know, I was for this, you know, this attack on Iran, but now this is like bullshit. He reminded me of you the way he talked about it, but any thoughts? Yeah, I've got to own it. I thought there was real legitimate rationale for military action. There's just no doubt about it. You've got a, Hillary Clinton talked about the dominion of failure and I find it fascinating. Isn't that great? Explain that for the people, the dominion of failure. Well, just to relate to it on an individual level, have you ever been at a, you know, you're a conversation family or a dinner? Yeah. And you say something and someone disagrees and you double down and then you find yourself two months later defending and going deeper into a position that you've probably realized was wrong. But you've doubled down and you keep going further and further. And unfortunately, the American public rewards that doubling down as opposed to being contemplative and recognizing that a step back from the wrong direction is a step in the right direction. Right, right. And we basically told our politicians never admit you're wrong, double down, never acknowledge that things have not worked out the way we'd hoped. And we need to change course. And just to go to the clinical memo of understanding, let's, let's start with the term memo of understanding. Memo of understanding is a business term. And I have written and received dozens of memos of understanding. And this is what they are. If you're thinking usually in a business context about acquiring a firm or doing a large deal, you outline general parameters. Okay, this is what you do. But not specifics. Correct. Not. Well, you identify ranges. This is what you do. This is what we do. We're interested in acquiring you. And this is kind of a valuation range subject to the following conditions. These are the people who would stick around. You kind of outline to basically say, we need to at least agree on some basics before we get serious and start conducting diligence and papering a deal. And it means not that I would bet that somewhere between a third and maybe 50% of memos of understanding are consummated in a legally enforceable deal. And that's the same thing here. It is, this is obvious. They said a Trump wanted an agreement. And they said, we'll give you a memo of understanding because we know you're on your way out. This will not be enforceable. I don't even, I don't even think we can get into conversation around how terrible this deal is, including the fact that it doesn't include random inspections. It's gone from one and a half billion in the JCPOA to 300 billion. And that sounds like people. It's the opportunity for Whit cough and Kushner. The fact that they've essentially have not have a have an opening to start charging tolls again. This isn't an equivalent deal. This is a much worse deal. But here's the thing. It's not even a deal, Cara. Yeah. It's a memo of, I don't know if you heard, but this morning, it was announced that Mexico has presented the US with a memo of understanding. And they're taking back Phoenix. I mean, this is so, this is, here is the reality. I like Phoenix. But go ahead. Sorry. We withdrew from a deal, fought a stupid war or apparently a stupid war with 13 people dead, hundreds injured, thousands of Iranians killed alienated allies. That's not forget those schoolgirls that got accidentally alienated allies. We can do our relationship with golf nations provided accidentally Iran with insight into a weapon more powerful than a nuclear arm destabilize the global economy such that we could get a much worse deal. In terms of American politics, what this means is the following. JD Vance will not be president. Have you noticed already? Oh, no, Trump keeps trying to hang it around his neck. The president is throwing vice president Vance under the bus. No, he's just, he's just his servant to go there and do basically he has sent the equivalent of a, I don't know, a reputational mob and noose for the latest vice president. He is hanging vice president Vance. This is this, he's pensing him. He's pensing him. The most conservative Republicans are saying, this is a terrible deal, a terrible deal. Right. The comparison between the, they put a comparative list between the Obama deal and this and you're like, what? We lost all this stuff. Like, what? Why? And you know, he had the advantage when he just say bomb some of the, the areas, right? He had the, what we're watching you kind of thing happening, which I think was strong. I agree with you when the original bombing of those, even if they didn't take them out, they didn't completely and totally, but I don't know why you had to say that. He could have just said, we, we set them back again. And we're going to keep doing that if they keep developing nuclear weapons. But that was good. And then he couldn't resist because of the, as you said, the person on his shoulder is Jeffrey Epstein. And so he wanted to do something after Venezuela. He felt emboldened and did this. Like, this is, this is, to me, I don't think, I don't think you're right. He is hanging JD Vance out to drive. But this is hanging on him. This doesn't come off. I agree. He won't be able to escape. He isn't escape it. He can't blame it on anybody. He's, he looked, he's in charge. Let me just tell you, he looked real old at the G7. Like, they kept moving him around. And he was sort of wandering more than usually, usually wanders. But he was wandering. He looked sickly. He looked cancally. His hands looked, like suddenly, there's all these cuts on his hands. You know, Macron was wandering, moving him around like he was an elderly parent at a, at an old folks home, which I thought Macron did on purpose because he looked fantastic, right? He was fit and lively and stuff like that. And Macron was looking like he was his friend, but made him look elderly, sitting next him. And I think he was. And then the Versailles thing, oh my God, did nobody on his team understand the symbolism and the marketing of that thing? And I know only, I mean, it's just, he's so dumb. Like, that's the whole thing. Like, he just continues to be like, I think this will all hang on him. You seeing the poll, the polling is down. And, you know, they think Georgia is going to be going to be all Democrat, which is unheard of. The Texas is now absolutely in play. He's going to have the worst two years of his life, after November, just the worst. I think it's going to go on and on and on. Macron led him around like an old man that it was really something to see. And I think, you know, what's really interesting is how much the polling is really declining, how, how much endanger he is of losing states like Georgia and Texas and Ohio stuff that you wouldn't have thought before. And I think it has a lot to do. And I know it. This is one thing. The algae is another, the Kennedy Center. It's all like this old man. Like, I think we have to seriously talk about whether he had a stroke or not. And, you know, we did this with Biden. And I think it's fully appropriate to discuss it at this point. We don't agree on the non important stuff. I think, I think Trump looks remarkably robust for a guy of his age. I don't, I don't see any degradation or I should say any change in his cognitive ability. And his cognitive ability at 76 was exceptionally poor judgment from a narcissist who doesn't care about anything, but himself and coming across is strong. And that he is arguably or verifiably a terrible business person. And I think he's the same person he was for eight years ago. And that is someone with absolutely terrible judgment that diminishes our power soft and hard abroad. Let's talk specifically about the JCPOA. It required Iran. This is the deal that the Obama administration and Iran side. It required Iran to reduce its enriched uranium stockpile by 98 percent. Dismantle two thirds of its centrifuges cap enrichment at 3.7 percent and accept IAEA monitoring. The 2026 MOU contains no nuclear constraints at all. Just a pledge never to build a weapon. A pledge from the IRGC, oh, that's worth a lot, which Iran already made when it signed the non proliferation treaty in 1970. The key here, quite frankly, is verification and inspection. And let's compare the two. The JCPOA had IAEA inspectors, continuous monitoring and 24 day access provisions. The MOU defers all of this to a 60 day negotiating window with no guarantees to think of this in consumer terms. We are paying more for less. The MOU comes with released assets plus a $300 billion reconstruction framework, exceeding the JCPOA's costs while delivering fewer nuclear concessions. This in two words is a fucking disaster for the American brand. And I got to be honest, I'm going to enjoy watching all these acolytes and well, they're not and weirdos tried to try to explain this one away. Well, they are. There's only a few are, but many more are being quite explained. You didn't have to hear a Democrat yesterday because all the Republicans were saying it, right? They were like, I was like, I was listening to the television, I was packing for the strip to France. And I'm like, oh, another Democrat and I looked and it was a Republican senator. It was like so vehement, right? It was so except for one who was trying to defend it, but it was very hard. You could see them. Fox News has been very tough for top man. Of course, Wall Street Journal is like strafing him, which is a Murdoch property. So I don't know. I feel like all of it. And I, I'm going to disagree with you on his health. I think something happened. And he, he, he can, he's still a very well good. Yeah. He looks robust, but his physical demeanor and the way he wandered. All the specialists he's saying, yeah, all the specialists and the way McCron, I felt like McCron knows exactly what's happening because he, because he kept, you, it's how you move an elderly person. If you, like, as my mom got, got less mobile, she was in that zone that Trump is in. And she was mobile and very robust as you know, my mother never shuts up. But it was like, and then it started to crumble essentially. But I just want to, I just want to briefly, and you put out a great chart on this. But where we are, at the end of the JCPOA, when he tore, when he tore up the agreement, Iran had enriched uranium to 3.7%. It is now 60%. Just a short step away from weapons grade material. US military leverage given away. This memo of understanding commits the US to not increasing its regional forces with Washington or the US withdrawing forces within 30 days of a final agreement. We typically, that's not negotiable for us. One of our key advantages is we have these things called aircraft carriers that we can put anywhere in the world to deliver violence on an unprecedented level, which is an enormous advantage that we're giving up. The other thing that people aren't talking about or the press isn't talking about is that the JCPOA was multilateral. It was signed by the US, the EU, the UK, France, Germany, China, and Russia. Whereas this is bilateral. So if they walk away from this, it doesn't impair their ability to sell oil, do business with all these nations. Whereas the JCPOA was the entire Western world and China and Russia saying, you have to stick to this agreement. It's my, he can't clean fountains and he can't do wars. You know, and then the thing he said that the press conference, go watch that press conference, Scott. You will have another thought about his mental health. And he goes, well, just bomb them. And I'm like, what? Like that's your plan. Like we'll just bomb them if they don't keep up. It's just, it's just, it's so embarrassing. And you know, the Republicans know it. And I think he's going to, he's in for a world of heart and Epstein's roaring its way back. Of course, the New York Times do a great piece. Very briefly, I want to say the Ukrainian bombings in Moscow. Wow, that has shifted rather significantly. Putin's the other one that's got to be on the ropes. I would imagine. As I said, I thought I'd heard from people that he was. Well, I mean, just a couple thoughts. One, that is the most exciting, positive thing happening in the world right now. I agree. Is that the West has a huge victory. Europe deserves an incredible credit for being steadfast, which is in their interest economically. And also the learning from both Iran and the war in Ukraine as a following. Our military budget should be cut in half, and it should be focused on one word asymmetric warfare. Asymmetric warfare. It is expensive platforms at risk too much where we can't. There's no way we're sending 50 B2s into a hostile area. Because America doesn't have the stomach or the money to lose on high Mars or lose its soldiers. Whereas if you build basically what our go carts or motorcycles with bombs on them, and you send 50 out and 48 get shot down, but to make it through. This is totally changed the game of warfare. And how do we turn chicken salad into chicken salad fricacy or something even better? Is this is the opportunity in America needs this? This is how fucking stupid the administration is. Oh, wait, warfare is changing. Let's increase expensive platforms. And the monetization of our military and defense by increasing our military budget by 400 billion. We should be thinking about opportunities to take our military budget down to 500 billion and making it more lethal and more deadly with asymmetric warfare. That is the learning here. And they aren't taking the learning. Yeah, they aren't. No, they aren't. Anyway, I think it's a disastrous week for Trump. And I'm a truly disastrous one. Anyway, and algae, let's just say that again, algae. OK, Scott, let's go on a quick break. When we come back, we'll discuss SpaceX's busy first week as a public company. Support for pivot comes from anthropic. Finding your flow at work isn't always easy, especially when it comes to the right tools. That's where Cloud comes in helping you handle the day-to-day details while keeping sight of the bigger picture. Cloud is the AI for minds that don't stop at good enough. It's the collaborator that actually understands your entire workflow and thinks with you. Whether you're debugging code at midnight or strategizing your next business move, Cloud extends your thinking to tackle the problems that matter. You can delegate tasks of any size to Cloud from tedious bug fixes to building out new feature ideas, then focus on other work while Cloud runs the background. Checkpoints let you save your progress and quickly roll back to an earlier state while scheduled workflows can automate recurring tasks like daily reports, weekly summaries, and regular data polls. Together, these tools can take the repetitive work off your plate and make day-to-day operations run more smoothly. For problems we're solving, get started with Cloud at clod.ai/pivot. That's clod.ai/pivot and checkout Cloud Pro, which includes access to all the features mentioned in today's episode, clod.ai/pivot. Support for the show comes from AG1. With summer coming to a close, you might notice some changes, such as changes to your bank account and your schedule. But what about changes to your diet? If you feel as if you let your diet go by the wayside, you can get things back on track with AG1. AG1 is a daily health drink with a multivitamin, pre- and probiotics, superfoods, and antioxidants. It helps you maintain energy while supporting gut health and immune health. Even though summer is your license to chill, AG1 helps you keep one thing consistent. High quality nutritional support every single day, no matter where you start in the morning. I actually use AG1 a lot. I have smoothies every morning with kefir or yogurt, or then I mix it in with fruit and different things like that and make a nice smoothie. I really enjoy using it. I think it tastes good. I also sometimes add in kale and all kinds of things. It actually reminds me if I don't have enough in there to have those things in there. So if you're looking to make some changes with the fall approaching, AG1 can help you make and stick to them. Visit drinkag1.com/pivot and get a free AG1 flavor sampler and a free bottle of vitamin D3 and T2, which I also use this morning. And you're welcome, kid, with your first AG1 subscription order. That's drinkag1.com/pivot. When you hear an old Motown song, do you ever think about just how good it makes you feel? Well, that was not an accident. I'm Will Anderson and this week on my music history podcast, The Monday Music Club, we're diving into the early years of Motown Records and how they crafted hits with factory level precision. With the help of Otis Williams from the legendary temptations, we walked through the entire creative process and history of the label, its founder Barry Gordy and our favorite acts like the Supreme. So if you've ever sung along to Motown songs and wanted to know more about the incredible people behind those timeless hits, check out this week's episode, just search for Monday Music Club right now, wherever you get your podcasts. Here's a little preview of the episode. HDH had written the song and it was ready to be recorded, but as Otis tells us, it was originally intended for someone else. When Holland does your Holland broder, what did I love going? They brought it to the Marvelettes first. Bam, bam, bam. Where'd I? No, I'm really singing that. So HD said, okay, fine. She got to the Supremes. The Supremes wasn't knocked out about it, but I guess they said, well, we recorded enough still. Let's try it is. They recorded that. That was it. Ran up the charts and they had seven number ones in a row. Scott, we're back. Let's go through a rundown of the latest SpaceX news. As we taped, shares are down 6.5% to $179, valuing the company at 2.35 trillion, which is what it was when we last talked. Sheers surged around 50% in the first days of trading, making SpaceX the fifth largest company by market caps or passing Amazon. Tuesday was the first day that investors could buy SpaceX options, contracts in about 1.8 million contracts, changed hands, and amidst all this SpaceX announced it will acquire AI coding startup. Cursor for $60 billion in an all-stop transaction. I thought this was rather smart. Cursor's annual sales recently hit $4 billion, making it a reliable source of revenue. It also gets them up to speed and enterprise. It takes the shitty product of GROC and makes it, you know, this is a very typical Elon move is to buy something to get ahead. And I thought that was smart. In another win for Musk, the DOJ told him this is a federal court that it should throw out a lawsuit against XAI saying it has the right to run dozens of gas burning turbines despite not having permits for them. I'm not sure this is a victory for Musk. I think this is going to come back to bite him. Before we get to our own thoughts, let's hear from our friend and founding partner of Pock, Bill Cohen. - Hey, Karen Scott. So SpaceX, I mean, I think that, you know, Scott has been nailing this for, you know, weeks now, which is that it's one great business, Starlink, which is the fabulous business and kind of revolutionizing the world in many ways. And one glamorous business, the rocket business, and one lousy business X and XAI that they crammed in there. And one astounding valuation with, you know, infinite multiples because only Starlink is really profitable. And it's just the latest example, frankly, of the Wall Street hype machine that, you know, is so, so good at hyping up stocks that companies that need to raise huge amounts of capital. I mean, you gotta give Goldman Sachs and Morgan Stanley credit for, you know, raising $85 billion of equity and getting this thing launched at a huge valuation, 2.5 trillion now, exceeding Amazon. And it's been trading up, although for the last couple of days, it's been trading down. So maybe we've at a minor peak and maybe as usual, it'll be the retail investors that get left holding the bag here. - And of course, a bunch of lockups come off over the next couple of months. Scott, how do you feel now? And I talk about the acquisition of Cursor. I think it's smart. I do. I think the thing in the data centers is a mistake on the government's part to do that. I think people are truly mad, but your thoughts? - Like the IPO is nothing shorter remarkable. and the file. fact that it's gone up so much. I mean, it's awful to touch today, but I think it's up one is it up 30 or 40 percent since it initially priced, buying, I mean, kind of the game now is, for the first, whatever, 100 years of the market, CEOs were compensated to under promise and over deliver. And the last 30 or 40 years, or 20 years at least, it's been over promise, get your stock up based on these incredible projections of the future, and then use that cheap capital to pull the future forward by investing at a rate no one else can match Amazon or Netflix using using using this inflated stock or go acquire companies. So for example, with cursor and it cursors are really good company. And they're buying it. They're buying it at a multiple of 15 times revenues. So when SpaceX is trading at 130 times revenues, it's a creative. So a $60 billion acquisition, which is a lot of money, but that gives them a really strong company, that really strong AI coding tool that has 26 percent share for a 3 1/2 percent delusion of that crazy $2 1/2 trillion market cap. Right. And it makes the GROC story go away. The GROC failure story. Oh, I mean, when you are sitting on a company, a stock that's at 130 times revenues, you tell every investment bank and you tell your corporate debt people anything that makes sense. Buy it. Right. Because you give me a name. What should you buy? Oh, shit here. I don't know enough about the AI. He's going to shove Tesla in there as I said he would. We have that's not an acquisition. That's some stuff. No, but I'm saying, what would you? Is there? One of the dwarves so you can continue to sleep with Snow White. Look, I don't, I think we're going to see a lot. I think the M and A space, I think, I think if you're any investment bank and says, I have this cool AI tool that would help shore up this component of X AI, they get the calls returned right now because the way to think of it is, if you're looking for a house in San Francisco and it costs $2 million, and you're with, and it's a lot of money and you're worth $3 million, it's worth it. You really think about it. If overnight you were $30 million, you're like, honey, buy it. Right. Exactly. So everything in the world looks cheap to them right now because almost anything is technically a creative and adds to earnings because nothing out there is trading at 120 times revenues. Yeah, like I could get perplexity. They could get perplexity. Yeah, that'd be an interesting one. Yeah, because they will paper over their problems with GROC, which are rather significant, which you may. Regulators won't get it through, but if they could, they should buy, they could acquire a mistral. I mean, they could. That would not get past regulators. But what could they not buy right now? I mean, there's rocket side, does rocket lab, or whatever the fuck that company is, does that have any technology they could use? They are looking at everything right now. Yeah, they've got to. Yeah, there's some really interesting stuff. The thing is he doesn't want to create sort of like a basket of nothing fits. It's got to be strategic, like in terms of what, like, so cursor gets some enterprise business. It gets them, you know, highly talented people. It gets them a product people like that are people are using. You know, that's what they got to look at. They can't just buy anything, because I think his big mistake with GROC was that he, like, overstuffed it with geniuses. And then it was sort of like a hot mass, essentially. And this is more his way, the way he bought Tesla from the creators, you know, of it. He didn't make Tesla. He bought it from their inventors. And he does that with a lot of stuff. And I think that's what he does best. He's a little Henry Ford like in a lot of ways, if you think about it, versus an Edison, right? Everyone looks at him like as if he's an inventor, but he's not. He's a, he's a, he's a collector, right? A really good collector. He hasn't been in a choir typically, though. No, no, he tries to get vertical. He does, but he buys things that are, he sees things that are promising and buys them. He doesn't found them in a lot of ways. Right. And, you know, so I think this is more his cursor. I thought, okay, maybe he's laid off the ketamine or something, because that's a good idea, right? That kind of thing. And it's not, it's, it's just the right thing. It's sort of like if you put them in charge of their AI, the way he put Gwinshot will in charge of SpaceX, you really could do well. And he keeps, he just wanders. Someone described him, he comes in, he kicks some cans and he leaves. And that's what they prefer, essentially. And so I think that's probably good to put it in a hands of better people than him at this particular thing. And that's a smart move. It is. You're right. He could buy anything. But with the one day, I mean, everybody, every banker, the banker's taking, anthropic and open AI out are looking at SpaceX and thinking, okay, that manufactured scarcity thing was really smart. How do we do it? I bet they're actually reducing the size of their offerings, because they go, this, this, this, a ton of people rushing through a small door of, of smaller float and increasing demand. Wow. Did that work out well for those guys? And then those lockups come out right when they were going to go public. The SpaceX lockups come out in the fall in September. I think a lot of them, it goes to when was set, 60, 40% something. There's a big, there's a big sort of things. If it trades above a certain amount for a certain number of days, there's soft lockups. If you're on, if you bought the stock. But the big ones come in the fall, and which is right when these people are going to go public, right? Presumably, which means a possible decline. Like that's the thing. That's when you see. Yeah. But there's, there's got to be, everyone is just thrown their numbers in the trash bin and said, I would love to be anthropic going public to say, oh my gosh, if you like this company at 120 times revenues, we're growing, we're not growing 24% a year. We're growing 400% a year. And you can buy us for the low low price of 40 times revenues. I would love to be an IR for anthropic. The weird thing, I've talked to a lot of companies about their AI efforts. What's going to be weird for open AI is what you're seeing a lot of incorporations right now is they are, they're blaming the model. A lot of corporations right now are swapping out a chat GPT and open AI for anthropic. And quite frankly, some of it is not open AI's fault. What it is is all these companies who are not seeing the return that it was initially promised. They're blaming it on the, are blaming the model. Yeah, they're blaming me and swapping out open AI for the hotter brand right now, which is anthropic. So it's going to be very interesting to see the numbers that got leaked of open AI. Whoa, whoa, they lose money. Yeah, they're burning, they're burning a lot of capital. It's going to be very, very interesting to compare open AI and anthropics revenues. Now open AI's, open AI's losses were somewhat exaggerated by the conversion from nonprofit to for profit and compensation costs. But once somebody smart like Bill Cohen actually looks into it and goes apples to apples, what will be most interesting is to see how much momentum anthropic is gained and how much momentum open AI has lost because that kind of sets the tone for everything. But I'll tell you their valuations went up their first day valuations are up 40 or 50% because of SpaceX. And even smaller guys, there's this really cool company out of Italy called bending spoons. It's a private equity company that's about to come public. And they did a roll-up of like Vimeo and AOL and Eventbrite. Basically, they've found a bunch of orphans. We transfer ever notes. Eventbrite meet up. All these companies that were sort of left for dead or and they've streamlined the back end, which is what private equity does. And they're taking them, I love this company. I think it's a really smart idea. They probably have to look at that. They probably got them at really good prices. And these are companies that needed scale. Like how they cleaned up, yeah, right? Exactly. But every banker and every company going public right now because of SpaceX, I mean, there's an argument that they get hurt because there's not enough capital out there, but I'd go the other way, I would say everything looks cheap now in the context of SpaceX. Those are your goals. But I think Bill is right. The retail and passage will be left holding the bag when it comes to pass that a few earnings in. All right, let's go on a quick break. We come back. We'll talk about SNAP's new smart glasses. This is a treat for Scott, I know. Support for the show comes from hymns. If weight loss has felt like a losing battle now could be your chance to change it. Skip the guesswork and try weight loss by hymns in affordable range of FDA approved GLP-1 medications, including the wogovi pill and the wogovi pen. With wogovi at hymns, they say you can lose up to 20% of your body weight when combined with diet and exercise. It helps you regulate your appetite, eat less, and keep weight off. Plus wogovi is the first ever GLP-1 pill for weight loss, so there are no needles involved. Through hymns, everything happens online. You'll connect with a licensed provider who will determine if treatment is right for you. If prescribed, your medication is delivered right to your door. No insurance necessary. Ready to reach your goals? Visit hymns.com/pivot to get a personalized affordable plan that gets you. Spelt h-i-m-s.com/pivot hymns.com/pivot Weight loss by hymns is not available in all 50 states. Wagovi is a registered trademark of Novo Nordisk, AS. To get started and learn more, including important safety information, Wagovi Clinical Study Information and Restrictions, visit hymns.com. With the midterms right around the corner, I wanted to focus this week on a simple question. What matters most when it comes to election day? My main question about the midterm is who are the real swing voters? How data centers will be affecting the election? Where a touch is having the most influence. Weather mail and voting is really being suppressed. So this week, we're going to answer some of your concerns and pull out the trends that we have seen throughout our time on the road. Five things you need to know about this year's midterm elections. The stakes, the candidates, the issues, we're cutting through all the noise. It's a midterm study guide. Let's dig in. Catch us every Saturday on YouTube or wherever you get your podcasts. Support for the show comes from Quince. Is there something your closet you can't wait to bring back into rotation every year? Maybe it's the jacket you throw on for just about anything. The boots that fit perfectly or the scarf that instantly makes an outfit feel put together. Those are the reliable pieces you come back to season after season. They're exactly what Quince does best. Quince makes premium essentials for any season using high quality materials like Mongolian cashmere, organic cotton, and washable silk. The designs are timeless, expertly craft, and made to be worn again and again. And all of their items are priced 50 to 80% less than similar brands. Plus, they work directly with top factories cutting out the middlemen. That way, you're only paying for exceptional quality and not brand markup. I just got Quince sheets of all things and I was surprised. I love them. They were incredibly well priced. They're so soft, they're well done. I didn't have to wash them. They didn't feel scratchy in any way. And they were quite beautiful. I also have this cardigan that I'm ready to wear for the fall when it stops being 90 degrees here in Washington, DC. And I'm looking forward to buying other things from Quince for the fall. Find the fall pieces you'll reach for most at Quince. Download the Quince app for app-exclusive offers or go to quince.com/pivot. Get free shipping with your order and 365-day returns now available in Canada and the UK too. That's q-u-i-n-c-e.com/pivot. Scott, we're back and there's the new wearable that I know you'll be rushing out to buy. It's snapped just announced. It's augmented reality. Smart glasses called specs. Evans Beagle called it a way to bring computing into the world and make it more human, though the style-wise wired notes the glasses are chunky. I would think that's a perfect word actually. And at a price point of 2195, they're well above the cost of most rare bands which are a couple hundred. And then though it's still about a thousand cheaper than Apple's Vision Pro, which people think they're going to get rid of and replace with their glass version that'll compete with the ray bands. Investors don't seem to be impressed. Napters fell nearly 10% on Tuesday after the glasses were unveiled. I mean, I like, I very much like Evans Beagle, but that was bad in putting them on. I can't say anything else. It just, he's a handsome man and immediately rendered him unhandsome. And they looked kind of ridiculous and pretending otherwise. Seems silly. And by the way, Metta's version of these glasses, which have more utility, and they have to be this big and chunky, the ray bands don't almost have no utility. There's just a few things, but the ones that have more utility, like mapping and all kinds of things, like as if you have a cell phone in your hand or very heavy, no matter how you slice it. So your thoughts on the chunky glasses? This is the first time in my life I've ever seen an image of Evans Beagle. I've thought, I'm cooler than Evans Beagle. Yeah, he doesn't look good. It looked, I think, okay, so $2,200 for four hours of battery life, bulky frames, from a company that has never turned a profit. Let's go. I mean, it's a terrible thing to say. I've never been a fan of Snap. I've always thought it was subscale. I think Evan is an innovator. I'm glad he's a billionaire. He seems like a lovely guy. He is a lovely guy. I've met him. Lovely guy. This is the beginning and the end of Snap is an independent company. This thing is dead on arrival. It makes the mixed, mixed reality headset from Tim Cook look like a viable product. This is, I mean, I don't know if you've heard, I'm not a big fan of these wearables and headsets. No, I am looking forward to seeing what Apple comes in with a lighter version. I am looking forward, but they are very chunky. Have you tried these on? I have. I've tried the specs and I'm not, I'm not part of the in crowd to cool crowd. They're very heavy. It's all headed to AirPods with AI and cameras built into them. And maybe there'll be some cool light glasses. But here's the problem. Snap doesn't have the capital because what Medicare can do is Medicare can burn $60 billion on a failed product. And it's like a speed bump. This product is overpriced under-engineered because Snap at whatever it is $6.8 billion mark app doesn't have the capital to compete in the hardware space. And you can't make those smaller. I mean, from what I understand, they got a lot packed in there. Even the Ray bands are a little heavy that I don't wear them because I find them like they're heavier than my glasses. And so, and they have limited features, like limited limited features. And so it's like take a picture, report something. I think one of the things, you know, recognition is important. I think, you know, like if you were blind or other things like who is that? Very helpful. That kind of stuff with limited features is great. But if you want anything really substantive, like, and actually when you put them on and look through them, it's cool because the room becomes like I saw one thing with the specs. This was many years ago actually. They brought it to my house and I tried them on and they were so heavy. They were ridiculous. But when you look through them, there was the planets in front of you and you could walk through the planets. And it was beautiful. Like I have to say, that was cool. And I was like, how can we get to this kind of thing? So I for the first time, I understood the planets. I know it sounds dumb because they were swirling around me. And I was like, how do you create this in a way that is light? And I don't think you can. I think you kind of have to have some sort of holographic room or something that you live in or your room has cameras. But this idea that you can have it off from the glasses means you have to wear these chunky glasses. But when you're in it, it is quite lovely. It's just the, I don't know how they're going to make these light and easy to wear. You know, they're in the movies. They're always in Iron Man always has a pair that looks pretty cool. But there's military applications, there's commercial applications, but from a consumer standpoint, these glasses and these three, it's always been like, it's always been like going to the planetarium and Griffith Park, which I used to do with my college buddies. We get ridiculously fucking high. I go to the planetarium. I think this is amazing. We got to do this again in another 24 months. Yeah. That's a really good. It's just not. Yeah. The commercial application is the most ubiquitous screen in the phone. I mean, in the world, your iPhone that you can hold up to something and use AR, not VR. And then where the only wearable, in my opinion, that's going to really take off, is the one that's already taken off. And that is AirPods. And then I mean, keep in mind, specs, snap launch specs, and they are an innovator in 2016 for 130 bucks and nobody bought them. So naturally, the solution was to make them 15 times more expensive and way earlier. Yeah. Yeah. So it sort of looked like the ray bands. I'll tell you that they definitely do the early specs. This is dead on arrival. Snap is an innovative sub-scale company that should be searching for an acquireer right now. Yeah. Who would buy them? I don't know. I don't know if I don't know if matter is allowed to. I don't know. It's probably someone who's the chief product officer. And even despite the fact that stock is now 90% or whatever it is in the last five years, it's still not six billion dollars. It's not a chum change. Yeah. Remember, he was offered a ton of money to be bought by Zuckerberg. I think it was in the mail. It was in this area. Yeah. He turned them down. Well, it's interesting. I think it was offered three billion and now it's worth six or eight. But if it had been three billion in Facebook stock, that would be worth 30 or 50 billion now. Yeah. Now I know. Anyway, good try, Evan, but really, you don't want good enough glasses. I'm sorry. You don't. I like you. But let me tell the truth. All right. It's got one more quick break. We'll be back for predictions. So like any good millennial, I have a love hate relationship with Gen Z. It's the phenomenon rattling millennials. They just look at you. They want something bigger themselves, lifestyles, a priority. Motivation is being inspired. But regardless of how you feel about Gen Z, it's undeniable that they're changing national politics. Generation Z is increasingly showing less loyalty to traditional political parties. Many now more likely to identify as independent. So what is going on with the kids? I think the biggest misconception about Gen Z's politics right now is that all of a sudden they're all socialist. That is just not the case. Yeah. They are embracing candidates who are offering new bold ideas in the absence of those ideas from establishment Democrats. This week on America, actually, Gen Z researcher Rachel Jamfaza joins us to separate Gen Z fact versus fiction. It's not rocket science. And this is, you know, I keep saying like young voters aren't that complicated after all. It's pretty simple. Catch us every Saturday on YouTube or or wherever you get your podcasts. (upbeat music) - Have you ever wondered who invented rock and roll or why Fleetwood Mac fell apart or what it was like at Motown in the early years? Well, do I have a podcast for you? My name is Will Anderson. I'm a songwriter, a musician, and a huge music history buff. And I'm so excited to announce my new podcast, the Monday Music Club. I teamed up to make this podcast with a Vox Media podcast network because ever since I was a kid, I loved hearing and reading stories about classic artists reporting sessions and music history. And I wanted to have a place to be able to take what I've learned and share some of those favorites with you. Every Monday, I'll be releasing a new episode and deep diving into a new story with experts and special guests, and it's gonna be a blast. So if you're a music history geek like me, or even just a casual music fan, jump in, 'cause I promise the Monday Music Club is gonna be the podcast for you. (upbeat music) - You might have noticed that when you go to the supermarket these days, you can get all kinds of milk and many of them have no relationship to a cow. - Soy, almond and oat are the usual suspects, but you can get rice and hemp and pea and cashew and macadamia and pistachio and coconut. The list just goes on and on. Take oat milk. About a decade ago, I'd never even heard of it. But then suddenly oat milk was everywhere. And some people were even willing to pony up around a hundred bucks for a carton. Why, what happened? - The whole plant milk vibe seems to be that they're healthy and good for the planet, but is that true? Are they better for us and for the environment than cow's milk? - All that plus the weird story of how we even came to drink cow's milk in the first place in this brand new episode of Gastropod. Find Gastropod and subscribe, wherever you get your podcasts. (upbeat music) (gentle music) - Okay Scott, let's hear a prediction. I have to say, can I make one quick prediction? I was really struck by how, and I was just on the view and I liked those ladies of the view. But I thought they did a fantastic job with that interview with JD Vance. - I agree. - I thought they did a great job. - Yeah, okay. - And I have to say, I guess I'm thinking like, someone was like, TV's over. I'm like, is all TV over, or can you innovate TV? And when you see things like that, you're like, they created a viral moment that was also substantive. There are ways to innovate in the broadcast space, I think. And not secular to secular, it's going down. But when I saw that, I'm like, there would be a way to do this that was, they did a great, they showed you could make products that are really people like. And I think it was viewed by a lot of people, it did like a huge social thing. And I was just like, good, like what would you do to innovate television? It was really, it made me start thinking. And I have to say, I pay compliments to them because that's not where you expect. I think the best interview of him was done. I have to say of all of them. And I thought they asked exactly the right questions. They had the amount of fairness and fairness and quality. And also, I had a lot of good side eyes. Sonny Austin and Anna had the best side eyes, but it was well done, I have to say. - Yeah, I agree with you though. I thought they did as good a job as they were very respectful. They were pushed back when it was appropriate. I thought he did, I thought he did the best he could with the hand he's been built. - Yes. - Or Dell, I should say. I don't, you know, he was, you know, he could as to him, he wants to be present. Could as to him, he got to go into the lions down like that. - He did, he did. - And I thought he was, actually, in a weird way, I thought it was a win for both of them. I thought he came off as, - It's well done. - More human. - Yeah, I thought it was well done. Here's the problem, he's, with the only question they didn't ask him is the one they asked, Kamala, how, what would you separate yourself from? - That's a great question. - That's the one I would ask. - What would you do differently? What would you do differently? - I would ask the, I would ask it exactly the same. - That's exactly right. - That would have killed him. - He could, because he'd have to have the same answer Kamala did, which is not a thing. I can't think of a thing. He couldn't say anything is the thing. So that would have been the killer question. Sadly, I was not there. - He wouldn't have come on if he were there, I don't think. Anyways, okay, so my prediction is, and I've sort of already made it, an activist is going to show up in 4 or 7, either to sell or spend the specs division. They've spent three and a half billion over the past decade on their fever dreams of a wearable with no real return. And they spend about a third of their just EBITDA specs per year. And better capitalized competitors, including Apple and Meta are struggling to make this product category work. And if they spun or shut down their specs division, it's actually, it's not a great business, but it's a good business. And that is, Snap for all of its issues and being sub-scale is only one of four-scale social networks. It has a billion monthly active users and nearly a half a billion daily active users said, my children. - Yeah. - In Snap. - My two, my kids, my sons, you know. - Still like it, Snap has over six million in revenue. It's still growing 10% a year. And it has a billion in subscription revenue growing 60% a year. - If Snap, if Snap were able to achieve Reddit's forward revenue multiples, it would be worth three and a half X what it is today. So anyways, I think there's an activist play around saying to Evan, you have got to stop with the spec shit and either spin that into a separate company for other dumb people to finance. But the core business is a good business and you settle it with a shitty business and you don't have the capital to do that unlike these other companies that can go play in traffic. You can't, you have to be more disciplined than this, Evan. And the person or the entity that's gonna impose that discipline will be an activist that comes in and buys five to 10% of the company and says, get shut this down or spin it. I think you're gonna see that in the next few months. - Who is the activist? - You know, I always go to the same people, but there's activists everywhere now. - Yeah, you're about to see quite frankly. You're about to see 20 new hedge funds from former SpaceX ontropic and open AI employees. Do you, you know what Snap was talking about? Dinner with a group of friends last night. My friends Fernando and Tony and Stephen last night at Ruth Gardens, beautiful nightcare, beautiful night. And then we watched Heem England. Oh my God, what's that for? - This is in New York or four or two. - Where's London? - London, okay. - And we were saying, and granted these are, do you realize how expensive Europe is gonna be this summer with all these newly minted douche bags headed to Europe this summer? - Mm-hmm. - I can't do, I mean, I can't wait to see I'll just hear about it. What a table in Ibiza costs. - Ibiza. - For a big event. When you have a bunch of 34 year old, and let's be honest, almost all dudes, we have a bunch of 34 year old dudes who woke up and are like a worth 11 million. The first thing they're gonna do, is head to central pay this summer. - Central pay. - And I said, I said-- - Thanks, it's thanks, thank you. - Sank on Sank. - Sank on Sank. - 55, yeah. I'm like do you realize how expensive? - Well, a radish cost $50. - I mean, we talk about San Francisco real estate. Just what do you see with the price of a bottle of bottle services. - Yeah. - You know. - Well, that's why you're paying when we're there next week, Scott. - Baby, I was paid for the woman. - I know you do. - I think all men should always pay for the woman. I'm highly satisfied. - But at the same time, I really don't like when things cost ridiculous amounts of money. It makes me laugh. - Unless it's at the hotel to cap with the dog. - I feel-- - Then it's worth it. - I have the children. - I have every penny. Another bottle of rose day for my friend who doesn't drink. - That's who I'm bringing. - The children. And he was like, wait a minute. - No, you're not abided. I forgot about that. - Oh, yes, exactly. That's what I thought. You were very sweet with them in the pool last time. - Your kids are less awful than most kids. - No, kids are great. - I do think, wait, I just got to reveal that one moment though. I'm at the hotel to get full with you. Amanda and your two kids. And I am going down to the pool with Amanda and the kids. I'm like, you want to come down with us and you're like, no, and please just keep them down there as long as possible. And you literally just splaid on a chair and you said to me, you gave me kind of that dad to dad look. You go, do me a favor, keep them down there as long as possible. Keep Amanda and the kids down there as long as possible. - Yeah, you like to swim. I don't like to swim. I'm like a cat. So there you have it. - I can't wait. - Do you have your, what is it, zodiac? Do you have the zodiac ready? - Oh, I hired the same guy. He'll show up. - I want to ride in the zodiac where you almost try to push me out. - All I know is he was, he somehow manages to navigate that thing with a lit cigarette at all times. - I love you in the zodiac. - I am, I am, I think, I think I'm like 800 years a day and he just circles the hotel and waits till I'm ready to go somewhere and zooms me there like fucking James Bond. - I want to ride in the zodiac this year. That takes Saul in the zodiac, you'll kill him though. My son is already a 34 year old hedge fund, Zillionaire, he just packs, that's how he goes to my, four and a half, he's like, - He's ordering bottle service. - As a matter of fact, I do own the world. - I do own the world. - Yeah. - Anyway, I'm very excited. By the way, we'll be in France and we'll be doing a live pivot which we're very excited about and hanging out on the cross set. - We're doing a live pivot. - We are doing that. - I did not know that. - Yes, we are. - All right. - What do you mean you did not know that? - What? - I did not have the week on. - Recorded live, we're going to record it live. I'm not broadcast live, but we are going to be together. - Oh my God. - Nice. Where are we recording it from? - Just show up where MJ tells you. - Okay, I'm in. - We want to hear from you. Send us your questions about business sector. Whatever's on your mind, go to nymag.com/pivot to submit a question for the show. We're called 8551 Pivot. Elsewhere in the Karen Scott Universe this week on Profty Conversation. Scott spoke with the legend Heather Crock's Richardson about the future of American democracy, the state of both political parties in what history suggests comes next. Scott you did a great job. I have to tell you. Let's listen to a clip. It does raise a larger question, I think, about where the United States is in this moment. And that is obviously this is hitting consumers incredibly hard. They were already hurting from the tariffs. Now they're going to be hurting even more from the rising cost of diesel and the cost of what that's going to do to food and gasoline and so on. But to what degree is the corruption and the incompetence and the self-dealing among Trump and his inner circle affecting the way that ordinary Americans who are not paying a lot of attention to that because they're working three jobs to put food on the table, you know, to what degree do those things speak to each other? That is a very good point. I do think the algae, the algae. I think it's a hit unites us all. Anyway, that's the show. Thanks for listening to Pivot. We'll be back next week. And congratulations in New York Knicks, especially Brunson family. There were some pictures of him with his daughter. Love what they all really exhibit masculinity and and community in the way that is wonderful. So congratulations. I hope everyone's having a good time right now at the ticket ticket parade. And we'll we'll be next week in France. Scott and I. So we'll we'll I hope you'll enjoy our shows from there. Anyway, Scott. Today's show is produced by Laura Naiman to make Marcus Taylor Griffin and Todd Weisman. Ernie Richard entered this episode. Thanks also to Drew Bros. Missiveira and Antelina Shakura as Fox Media. Because that concludes her podcast. Make sure to follow up with her on your favorite podcast platform. Thanks for listening to Pivot from Fox Media. We'll be back next week for another breakdown of all things tech and business. The oatmeal strategies descend on you. We lasses in Boston. Go Tartan Army. Scotland. Imagine setting your makeup then forgetting it's even theirs. Meet new groupie setting mist from Maybelline New York. 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