October 1st • 2h 38m
Transcript
The transcripts of No Agenda are automatically generated and therefore, not fully accurate. Discretion is advised.
Click the text to start playing from that position in the show. Click the timestamp to copy a direct link to that position to your clipboard in order to propagate the formula.
Fatty at the front. Adam Curry. It's Thursday, October 1st,
2026. It's Thursday. This is your award-winning Kimbo Nation Media
Assassination, episode 1908. This is No Agenda. Coming to you
from the heart of the Texas Hill Country, right here
in Fredericksburg, Texas. We got a really big show for
you because, of course, it is the best podcast in
the universe. Yet another brand new name in our list
of guest hosts. The best co-host coming up in less
than 90 seconds, the one, the only, Mr. D.H. Unplugged,
Andrew Horowitz. In the morning, slaves, the podfather's in the
chair. And today on the other mic, he brought his
calculator. The calculator. We'll be right back. We'll be right
back. Gallicent is a gang of issues We'll be right
back. couldn't hold a line but horowitz he got it
nailed no agenda prime ladies and gentlemen a guest host
to raise the ticker and room andrew horowitz in the
morning yeah that's some of that super intelligence for you
Wow. We love our guest co-hosts here at the No
Agenda show. That has put a big smile on my
face. I got to tell you something. This is so
much bigger. This studio, this impressive, I mean, the No
Agenda studio, I didn't realize it was this kind of...
And the green room? The green room? How did you
know that I liked peppermint tea and angel food cake
before I got on the air? I mean, this is
this is this is star treatment. This is star treatment.
Ladies and gentlemen, Andrew Horowitz from the Disciplined Investor and
DH Unplugged. This is this is like Ghostbusters. The streams
are crossing. Anything could happen in the next three hours.
Anything could go wrong. Anything might go wrong. Andrew, how
you doing, brother? In the morning to you. I am
great in the morning to you, sir, the best podcast
in the universe. Glad to be here. You know, people,
we got to talk a little bit about you because,
sure, people know who you are, but a lot of
people may not who are just tuning in. We've known
each other for probably 15, 16 years, and you knew
John maybe even a little bit longer than that, right?
Yeah. Yeah, I think John and I would have had
our 18th year on DH Unplugged, and it was from
way back in the days of Leo Laporte, Twit, and
all that. And then I met him, and I met
you. You and I met each other in London once.
Yeah, in London, right. I remember that. And then I
had that show going on, and we had all this...
crossover between John and then I was doing something with
you and Ron that I don't think ever worked out,
but nonetheless. Wait, wait, wait. I don't remember. What were
we doing? I was in your office. I remember you
in the office, but then I remember like, I just
talked to Bloom. I can't deal with this. And I
don't think anything came of it, did it? That's what
I'm saying. Pretty much that's what happened. I mean, Bloom...
Bloom missed a fantastic opportunity. It was early days, let's
be honest. It was early days. None of us knew
exactly what was going on with all this, right? I
got into the podcasting because I wrote my first book,
The Disciplined Investor, Essential Strategies for Success, and I was
like, And my publisher says, you know, I have a
great idea. It was back in 2007. I have a
great idea. I'm like, what's that? They said, you should
do a podcast. And I said, the fuck is a
podcast? That's what I said. Wait a minute. Who was
this? This was a very modern publisher. Who was this?
This was Harcourt, I guess it was, for the first
one. Oh, okay. Nice. So, yeah, it was amazing. And
then actually I went out to Cupertino. And Cupertino, they
helped me with setting up my really grand system with
GarageBand. Yeah. Oh, what a nightmare that must have been
for you. Yes. Yeah. And did that and then ran
the first one. I think the first Discipline Investor podcast,
first episode was March 2007. So now coming up on
20 years. Wow. Wow. of that episode. And then about,
I don't know, eight months later or so, I think
it was right after No Agenda, John and I, after
knowing each other a bit, He said, let's do it.
Well, he said something. You know the story there, right?
Well, I know exactly how that went. John went, hey,
I should stick close to this guy. He might give
me some good stock tips. I'll reel him into a
podcast. That's probably what he was thinking. We were talking
during the financial crisis. I remember so distinctly. I think
I told you this once before. I was walking around
my pool in my backyard, and I'm like freaking out.
And somehow John and I started talking once a week
for about an hour for whatever reason. Yeah. And he
was on his flip phone or whatever, and I'm talking
to him. Yeah. And somewhere halfway between a sentence on
one of the calls, he said, you know, a lot
of people would really like listening to this. Let's do
a podcast. I'm like, who wants to listen to this?
That's how the best podcasts start. They start as people
having a conversation and deciding to hit record. It's absolutely
true. It's so true. Now, what people don't know is
you've been a radio guy for a long time, predating
all of this stuff. I, yes, that's true. I had
the money doctor show with Andrew Horowitz. The money doctor.
Hello. Hello. Wait, hold on a second. Hello. Is this
the money doctor? I need some help with my finances
all messed up. Can you help me, Mr. Money Doctor?
That's pretty much how it went. And it was funny.
My show, this was a paid-for thing on 740 AM
whatever radio. It's the big 740 AM. Ladies and gentlemen,
here is the money doctor. Andrew Horowitz. I was very
nasal at the time. I talked like this, and I
didn't know how to project yet with a decent microphone.
And... And what was interesting was all the other shows
that were on the air. Wait a minute. Did it
go like this? And we'll be right back after this
message. Gold! That's it! That's right. You need gold in
your portfolio. I'm telling you, that was it, right? Was
that it? It was worse. It was worse. And I
got to remember the name of this. My sponsor was
an arthritic shoe company. Oh, a Medicare scam. Okay. They
sent me these things to wear, those ones. And I
wore them because I said, listen, if I'm going to
average. Advertise these things. I got to seriously wear these
things. Comfortable is going to be the ones that are
oversized. It looks like you have a club foot. You
know, that's comfortable. Very comfortable. They were called SAS shoes.
That's what it was. Oh, goodness. And I would wear
them as I was on the air. I'm like, look,
I'm wearing the shoes right now. They're very comfortable. I
had to do a host read on this thing. And
they paid me like $350 a show or $300 a
show or $300 a month or whatever it was. Yeah,
whatever. So and then I was the only show that
actually got calls. All these other shows, what happened was
all these other shows were constantly promoting themselves. And I
decided way back when, I'm not going to promote. I'm
just going to educate. And let's see how this goes.
And what happened was that when I gave away the
phone number, the phone bank with the producer on the
other side of the window at the radio station would
all of a sudden show me that, you know, give
me a number, four lines are lit or whatever it
was. I remember being there a couple of hours before
and sometimes an hour after to the other shows that
were there. Never got a call. And these guys were
so pissed off at me. Yeah. I can imagine. The
money doctor. It's a good one. It's a good one.
The money doctor. And now you're a successful money manager
in Florida. Have you always lived in Florida, actually? I
don't know. You're a Floridian by nature? No, you're from
New York, aren't you? New York. No, I came from
New York, man. So I came from New York in
Long Island. I'm a Long Island boy. Yeah, Long Island.
Yes. I came. I lived out in Comac. Came down
here in 87. I was 22 years old. And I
moved down here with three women, two of which I
was about to say. There must have been a woman
involved in this. There was three. I came down here,
decided, well, I didn't want to live in New York
through the snow and the horrible weather. I said, you
know, let me do this early go look somewhere. So
I went out to California for a week. I was
in Malibu. I was in L.A. And by the end
of the week, I said, I don't recall talking with
anyone out there that had a brain. I don't think
I could stay there. So I came down to Florida
because everybody said to me, you know, when I retire,
I'm going to go to Florida. I'm like, what am
I waiting for? Why am I going to wait until
I'm ancient? Retire now. Yeah, why not? So I came
down here. It was not the Fort Lauderdale that it
was now back then. That was spring break Fort Lauderdale.
Oh, yeah. Oh, yeah. Where the boys are. Good times.
Yeah. Playa. Playa Horowitz. Exactly. So I live with two
of the girls. One was an Eastern Airlines pilot, one
was a waitress, and the other person was starting a
beeper company that moved from – California down to Florida.
Was she a Mossad beeper company? What kind of beeper
company was this? There was one of those things where
you, remember the beepers where you got a beep and
you had to go to a payphone to make a
call? Sure, of course. I had one, of course. Yeah,
and then it elevated to the... One that had the
numbers on it, or you could put some kind of
weird messages if you knew how to spell with numbers.
Or just do 911. Always 911. Yeah, exactly. So she
did that. And then, yeah, so then I met my
first wife. That lasted for a very short period of
time. Oh, I didn't know you were married previously. Yes,
I was. She was 11 years my senior. Oh, yeah.
And it was all about a bet. A bet? Somebody
in the office said, you know, somebody? I said, look
at, oh, my gosh, she's cute. My friend in the
office said, There is no way you're in her league.
I said, 50 bucks? 50 bucks cost me a lot
more than 50 bucks. I hear you. I hear you.
So then I met Jill, of course, and we have
three kids, twin girls and a young fine man. Yeah.
And we've been out and hang out with you guys
and we love Jill and we love you. I think
the last time we saw each other, I had sun
poisoning. You took us to the yacht club, and I'm
like, I've got to go home. Yeah, it was bad.
So, Adam, just to let anybody know, if you haven't
seen him, he's a little fair. He was outside maybe
in Florida for maybe 10 minutes. He got some poisoning.
Everyone's like, I think I'll just have clam chowder. Well,
we've got to get together again. It's been far too
long. It has, yeah. Well, you always want us to
go on cruises. We're like, no, we're not going on
the cruise. Here's Andrew. Hey, I've got a great idea.
This is a great gig, an 80s cruise. I'm like,
are you out of your ever-loving mind? I'm not going
to go on an 80s cruise with a bunch of
60-year-olds who want me to sign their boobs. Like, no,
no, we're not going to do that. All right, okay.
I get that. I get that. I tried to actually
hook you up to get paid for that cruise. That's
what I was trying to do. Oh, no. Listen, I
get these offers a lot, but I can't. It's just
no. It would be so depressing. I don't go to
certain concerts. Last time I was at a Yes concert,
I was in the concert, and Rick Wakeman, the keyboardist,
puts on – spectacles you know he puts on readers
and i'm like oh my god then i turn around
i'm like Who are all these old people in the
audience? And you're the youngest? Is that what it was?
I was pretty much the same age, I think. Yeah.
That was the problem. So we talk from time to
time and we chat. And it's usually you're much better
than I am. You know, you'll call up. Tina actually
has a retirement fund with you and she loves you
for it. She's like, Andrew's making me money. And you're
always like, hey, should we have a call? Tina's like,
no. Just keep on going. Just keep on going. It's
fine. Everything's good. But you're just a lovely guy. And
you were actually the first person I spoke to after
Mimi, after John passed. You were the first one that
I spoke to. Yeah. Yeah, so DH Unplugged, which has
kind of been a crossover promotional mechanism with no agenda.
Obviously, you did that with John for many, many years.
And now you're continuing with JC, with John Estivorek, with
the junior. How's that going? Yeah. Yeah, which S stands
for son of John DeVorex. Yes, it does. It's going
surprisingly well. Yeah. You know, he's a much different character.
He is a highly intellectual thinker. John was a slow
– John was brilliant, right? We know that. Yeah. But
he was a thoughtful – thinking about Few word, very
pointed, and that's all you needed, right? Yeah, and then
he would say, that sounds like bull crap. Yeah, yeah.
Thoughtful thinking. John Hassan is very technically inclined. A lot
of times I'm talking to him and I'm like, uh...
I think I need to put that on half speed.
I don't exactly know what just happened, but he's great.
No, he's great. And he's really, he's really brought a
lot and a change. And we have a new newsletter.
He's working on a new website and all sorts of
things. And, Right now, the audience seems to like what
we're doing, so I'm really happy about that. Oh, good.
And you're doing video now, too, which is a little
different for the show. Yeah, we do video, but we
do the video really for short take. So we record
the whole show with video, which we have. But then
we use short take videos for promotions on Instagram, Twitter,
Facebook. Things like that. Oh, you've got a whole machine
going there. Yeah, it's a production. Speaking of Instagram, the
No Agenda account hit 5,000 followers. And that means that
there is now a picture published of John's – well,
it said of John's office. I don't know if you
saw this picture. It went out in the newsletter, too.
I did see it. A little bit of a letdown.
It's like – I want to see the reverse angle.
Like I get the desk and all that, and that's
fun to look at and zoom in on. But I
want to see what's in the background, man. Where's the
pile of cans? You know, there's a lot of stuff
that I feel we should be allowed to see. I
want to see the closet door that's being propped up
with two by fours to keep it closed. Exactly. Exactly.
Oh, man. Oh, man.
Well, I'm so happy that you actually called me and
said, I want to do the show. I'm like, okay,
good idea. Yeah. You have all these great guys. You
have Bernetti. You have Calacanis. Calacanis, which I need to,
Jason, if you're listening, I sent you a couple of
emails. Please get back to me. You got to DM
him on Twitter. That's the only way. He doesn't respond
to anything else. Which means he has to follow me.
If he doesn't follow me, I can't do that. So
I got to figure that out. I'll connect you. I'll
connect you on X, man. I got you covered. There
you go. He was on the show, The Discipline Investor,
back in 2008. Hmm. When, you know, he was just
gaining his popularity. Yeah. And now he's all over the
place. All in. These are very, very, you know, these
co-guest hosts have been incredibly polarizing. So first of all,
the AI songs, 70% love it, 30% love it. hate
it with such a passion really oh they email me
i'm unsubscribing from the show i'm like i'm like dude
you can you can hit the fast forward button with
two taps yeah i can two taps i've unsubscribed from
the show It's like people go out of their mind
about this stuff. And I think it's actually kind of
cute. You know, it's gotten to the point where, you
know, it's all about the lyrics, I guess. I mean,
the music is just what it is. This is this
is the future. I mean, things are things are going
to change that we haven't even thought of yet. I
mean, we have a song. Here, I have a song.
Can I play you a song that was done by
AI for us? Yeah, sure. So I think this will
work. Basically, I had a listener. I said, look, I
was all over the Tara thing, you know, back last
year. And I'm like, I won't play the whole thing.
Let's see if this is all AI. Yeah. The Yorker
Look at my There comes the chorus. You've got to
snap a little bit. Yeah, baby. Anyway, I thought it
was good production. Well, interesting you bring that up. I
was going to start with something else or come back
to that, though. But I mentioned to John months ago
about the 232 tariffs. And I said, you know, the
232 tariffs is that's the stealth that's going on. All
these other tariffs everyone's bitching and moaning about, they're irrelevant.
And the way I read these 232 tariffs was instead
of paying a percentage of tariff over the percentage of
steel In anything imported into the United States, you now
had to pay the full whack over the any over
the full price of whatever had steel in it. So
that's cars and, you know, washing machines, you name it.
And that's exactly what came to fruition yesterday. With the
Patriot pellets. Have you been following the Patriot pellets? I
have not. What are the Patriot pellets? Oh, the Patriot
pellets. Oh, well, listen to this. Once completed, Wasabi Metallics'
new steel plant will produce 10 million tons of steel
per year using iron ore from the companies Minnesota Mine.
And Minnesota has, I will tell you, they maybe have
a lousy governor, but they have great iron ore. They
have one of the worst governors in history, a real
stupid guy. But they do have good iron ore, which
is more important, I guess. But it's the first new
iron ore mine in the United States in more than
50 years with the highest quality ore. In other words,
this seal will be mined, melted, and made right here
in the USA, which is something very unusual. The project
is expected to create up to 6,000 new construction jobs,
nearly 2,000 manufacturing and mining jobs, and add another $95
billion. to the U.S. economy, which is the number one
economy in the world by far. The best economy we've
ever had. We're building... $21 trillion worth of plants and
others. Now I think we can add this to it.
I'm not even including this. But this is a tremendous
investment. And it's going to be over the next 10
years using advanced steelmaking technology. The plant will produce some
of the highest quality, most affordable steel anywhere in the
world. They're going to be making it here. And using
it here and also shipping it outside and do very
well. So the president made a deal with RS Technologies.
I think there's an Indian company or an Indian owner
for sure. And it's now the numbers all over the
place, of course. It's either 15 billion or 18 billion.
They're going to. They've reopened the mine in Minnesota, and
they're going to take the ore from there and then
ship it down river to Iowa, and that's where this
plant is going to be built. And this was all
co-financed by the – I want to say it's –
they had some government, they've been setting up these government
funds all over the place where you can borrow money
from the government which I think there should be a
podcaster money borrowing fund and so here's Lutnik and of
course he was part of the deal. Okay, so these
are your 232 tariffs, the steel tariffs at work. Without
those tariffs this mine doesn't get built and this steel
plant does not get built. Two and a half billion
dollar iron ore mine that does iron ore pellets. And
where do we get those pellets from now? We get
them primarily from Brazil. So we are beholden to Brazil
to build our steel in America, because the input is
coming from outside the country. So now we are unleashing
the iron range in Minnesota, which is the greatest, as
the chairman said, the greatest set of iron in the
world is right here in America. We're going to these
general... to my right from SR they're doing a fantastic
job two and a half billion dollars for the mine
and then you go right down to Mississippi to Iowa
and Right? Where they can build a $15 billion integrated
steel plant, which will create steel at the same price
they make it and import it from China. This is
competitive. If you do it all here and you don't
ship it from around the world and you don't buy
it from other people, this is exactly your plan. This
is exactly why you're doing it, because you're driving steel
to America. The gentlemen to our right from SR are
fantastic. This is great for Iowa. It's great for Minnesota.
This is your plan, living it out in America, building
$17.5 billion investment, bringing steel, which protects. our national security
home to America. Well done. Yeah, so I agree with
this. This is good. And we closed... Anytime, anytime, Howard
Ludnick, we can bring Seattle back home. Oh, that guy
is so irritating. He almost sounds like song lyrics, you
know, you should put him through the AI. Here's the
SR guy. Thank you, Mr. President. for bringing back the
importance of building things in America. Yes, thank you very
much. Well, I was born in India. I went to
high school in New York, college in Boston, and did
my MBA in California. Well, you know, hold on, hold
on. Can I say something? Obviously, he's not just giving
his resume. He has to say this because everybody that's
listening is like, wait, wait, wait, wait. We're going to
do H1B. What is this? Yeah. So everybody's going to
freak out. All right. I'm sorry. Yeah. No, you're absolutely
right. I've spent half my life here. So announcing this
investment today. is a great honor and a true homecoming
for me. My family and I spend a lot of
time in Minnesota, where we are investing $3 billion to
build the first new mine in America in 50 years.
We will be producing the Patriot pellet very soon. Patriot
pellet! Which will be amongst the highest quality iron ore
pellets in the world. I love that. With the new
steel complex in Iowa. we will complete the fully integrated
American supply chain from mine to mill. American ore carried
on American railroads to an American steel plant powered by
American energy, built and operated by an incredibly hardworking and
talented American workforce. Mr. President, this plant will use the
latest technology and will compete head-to-head with any steel plant
in the world on size, quality, and on cost. This
project writes the next chapter for our company and our
family, and it is your policy and your own leadership's,
Mr. President, that I made this possible. Thank you, sir.
There you go. Now, of course you didn't hear about
it because, you know, there's a million other important things
going on in the world. Like, I don't know. There's
a lot of. Well, can I just talk to you
about something about this? Can we continue with this for
a second? Yeah, sure. So Prashant Rui, Rav Ruiya, Rajiv
Agawal. Panak, Kharah, Deepak, Mashwara. What do they all have
in common? They are all in the steel industry. They're
all the directors of SR or managing directors or the
hydrogen power CEO. All these guys. They're bringing the money.
Isn't it interesting that I was involved? So close to
the midterms. Well, hello. This is what you do, of
course. This is clearly what you do. Again, just to
continue the reality check of what we're talking about. Oh,
well, of course. And if you listen to the local...
The local media in Iowa, well, well, you know. President
Trump stood in the Oval Office yesterday and announced what
he called a done deal, a $15 billion steel plant
in Lee County. But tonight, TV6 Investigates has found the
administration's claims about the project don't match reality. That's iffy.
On the ground, investigative reporter Matt Christian. and has been
digging into land records, permits, and the fine print. Well,
what do we say, Matt? It's billed as a game
changer for Iowa's economy. Backers say the plant will produce
10 million tons of steel by 2030. Enough to make
Iowa the nation's number two steel producer. Mesabi Metallics, the
India-based company behind the plan, says it would create 5,000
to 6,000 construction jobs and about 1,700 permanent Iowa jobs.
At the White House on Monday, Commerce Secretary Howard Lutnick
and President Trump described a project that's already moving. No,
I think this deal is done. This deal is done.
They've already worked it out. That's why we're all together
with the president. The president doesn't bring people together unless
it's a done deal. You guys know that already. You
already started building. That's not true. TV6 investigates reviewed Lee
County land records. We found no major property purchases tied
to the project this year. County officials say they don't
have details from the company about its plans, No permits
have been filed. Oh, well, there you go. This is
what's great about audio, by the way. We have a
guy that's telling this thing, it's not true. The ability
to listen to the... to the way people speak and
their intonations versus having to watch it. I mean, that
guy definitely had a nasal problem. Yeah. Yes, for sure.
Not to mention the fact, by the way, that North
American leader in, in Patriot pellets or in pellets is
Cleveland Clips, a U S firm. Clearly, um, in, in,
In Brazil, there are leaders there as well. Vale is
one of them. But we have other producers around the
world, Bahrain, Sweden, all sorts of places. So the idea
that we're buying only from and the – Well, the
context of the trying to tell the story from them.
Is that the pellets? The pellets. The pellets. Where did
we get the pellets? Cleveland Cliffs is the largest producer
of iron ore pellets in North America. But that's not
Patriot pellets. That's Cleveland Clumps. It's very different. They're very
different products. Got to write that one down. Yeah, I
was going. You need a bell on that. Where's the
bell? No. There it is. Ring of bell on that
one. Cleveland clumps. But this is what you do here.
The whole thing of what you're doing and what's great
about this and what's great about the people are just
not reporting the news is that the deconstruction part or
the – it's not just for the entertainment values, I
see it. It's for the education value. Well, sure. Sure.
You look at what Hassett talks about, right? So tomorrow,
a big day is coming out. You have the jobs
number, the Bureau of Labor Statistics. Before you go there,
let me just talk about the inflation numbers with you.
Okay. So it's the PCE. What does that stand for,
PCE? PCE is the personal consumption expenditures. Okay. So the
PCE numbers like, wow, this is great. It's three-tenths lower.
Who expected it? We didn't know. Come to find, they
used a whole new way of calculating the numbers going
back to 2021. Okay. Yes. They already knew this. There
is a, John and I, we talk about this all
the time. There's a movie that Jerry Lewis had called
Don't Raise the Bridge, Lower the Water. And this is
kind of what happens. If you don't like the statistical
results, what you do is you change the methodology. There's
a website called Shadow stats. John Williams. Shadowstats.com, yep. You
know him, right? John Williams, an old guy. He's supposed
to be on the show recently. I don't know if
something's going on with his eyesight or something. He keeps
the methodology identical from what it was back in 1980
for a lot of his various series. So the inflation
series, we'll see where it is. If we follow the
inflation series back to that point, I don't know, we're
somewhere at like – a 10% inflation rate right now.
But since they didn't like the fact that the rental,
the real estate pricing, the real estate pricing they used
and they don't want to use that and they take
it out. And my favorite thing, It's when they say
ex-food and energy. Inflation, ex-food and energy is flat. Core
inflation. Because we don't drive, we don't eat. No, we
don't need to eat. Okay, so it's obviously, it is
clearly, clearly a scam. But the jobs numbers, and I
guess you probably, yes, you have clips. So the jobs
numbers, my problem with that is, It's completely unreliable because,
you know, in a month from now, like, you know,
the jobs numbers, we're restating them, you know, was either
over or under. It's like they're always restating them. This
is this. I don't understand how that works. Don't they
just have. You know, a database and out pops the
number. Why? Why is it always being restated other than
for investment scam purposes or investment scam or political benefit
of making it look good? I think they have a
really outdated model. They use some birth and death models
for things like businesses and employment. Some of the ways
they use it, like ADP uses payroll numbers, which seems
like a way to do it for me. You've got
the payroll companies around the world, around the country that
are doing this. When it comes to the government, which
just by their very nature, they're inept. Yeah, of course.
The ability to collect this data. is somehow very difficult.
It's a timeless issue, and they're very
Why don't we just ask Facebook? Ask Meta. They'll tell
you who has a job and who doesn't. I mean,
it seems very easy to get all that information. They
can't do it. And then they even go so far
as once a year doing a seasonal adjustment, readjusting. We
had like an 800,000 or 900,000 job differential a few
months ago. That was lower than the expectation was, but
they bury that, right? And this is how it goes.
The market, if the market doesn't know, it's all about
the market. Yeah. If the market doesn't know something happened
a year ago, right? Something terrible happens, but the market
doesn't know, they don't react. And then when they can
come out with that, they have their ability to release
the information now because we could we could steal. But
here's the thing. You're clearly on the inside because, you
know, you're you're making Tina's numbers grow bigger than it
would in the bank. So clearly you've got an inside
track or what is your what is your formula? The
formula is we go out and we hit him in
the mouth. I do. I hit him in the mouth.
All these economists, I hit him in the mouth. It
is to be skeptical, understand that this information is usable,
but it is not necessarily investable and understand the bigger
picture, what people doing, the psychology of money. the behavioral
finance part of all this is really the backbone what
it it's taken me by the way many years to
figure this out because at first like oh we got
a bad employment number sell everything you're like we've got
the golden cross we're above the 50-day moving average exactly
get get out get in you know it'd be every
day you'd be moving back forth the thing is that
i think with the time that I've looked at all
of this and understanding by the way that the government
has a desire to keep things going no matter what,
no matter how many trillions of dollars they're going to
backstop this with and ruin our economy, ruin the country,
ruin the debt, ruin the dollar. And I Everybody has
a vested interest, including the company. So we have to
understand. One time I was in – brings me back
to a story. One time I was in Costa Rica.
and I was with Jill and we were riding around
I was with five chicks in Costa Rica yeah I
was with Jill and we're riding a horse it was
bareback actually we had the what is it so you're
barebacking Jill on a horse I'm sorry I was I
got you okay I'm with you and she's on a
horse I'm on a horse I had to be as
my guide it's like the Jack Palance of Costa Rica
okay we're going around this mountain, this very thin path,
and Jill is freaking out. She says to me, the
horse, I'm getting off the horse. The horse is going
to fall off the mountain. And I said, look, the
horse doesn't want to fall off the mountain just as
badly as you don't want to fall off the mountain.
Hang on to the horse. It's the same thing with
these markets. You're making me cry. Because I know, Jill,
I can just hear like, Andrew, Andrew, the horse. Okay.
So now I say it's the same thing with investing.
You hold on to the horse. The markets, the companies
don't want to go down. The government doesn't want it
to go down. The investors don't want to go down.
That doesn't mean it always goes up and you've got
to watch for those signals. Yeah. You've got to watch
for when it's going to be a problem time where
when, for example, in March, when I saw what was
happening last March – We pulled out a lot of
our what's called duration. We moved our bond holdings much
differently, seeing that there was going to be an inflationary
environment. And that saved us all that downstroke where we're
seeing the 30-year bond is the highest it's been today.
It turned around a little bit, but highest it was
since 2002. It's not helping the mortgage market, the real
estate market. And, you know, all the things that we've
discussed on DH and Plug with circular financing of companies,
all that stuff that I've been harping on for the
last six months, we kind of make sure to stay
away from that or move somewhere else to benefit. So
you have to – it's like tea leaves in a
way. And maybe only certain people can read those. I
don't know. I'm not saying I'm the best by far,
not the best. But you have to understand that there's
a lot of static that comes across with all of
these readings from the economic reports. And even from corporate
earnings reports. I know for a fact. Oh, dude, I
remember. Let me just tell you a story. When we
had Think No Ideas, it was public. It was the
first company I had with Ron Blue. And so we
had an analyst from, I think, the underwriter. And, you
know, the analyst is there to provide coverage. And it
was some Indian dude. He was a nice enough guy,
but we just... We just go in there and we
just say, oh, man, we're doing so great with our
advanced network analysis language, the locally managed network operating protocol.
It's all it's really so. And he'd be writing this
down, anal, LMNOP, you know, and he would provide guidance.
Oh, these guys are going to knock it out of
the park. It was stupid. It was completely stupid. It
meant nothing. And I know for a fact that there
are a lot of the presidents, vice presidents, CEOs, that
during their commentary on their earnings call, which is live,
are watching their stocks. Oh, of course. And how it's
moving. Yeah. And then readjusting like another paper comes out
and goes in. Oh, don't talk about that. Yeah. And
all of a sudden, how's this, you know, in the
ear, how's the stock? How's the stock? How's the stock?
Oh, it's moving up on that. Keep on that one.
Keep on that page. Stay on that. Yeah. Oh, wow.
Let's play these jobs clips to set it up. What
do you got? So this is the process. So this
is the, again, tomorrow's a number coming out, but. This
is Kevin Hassett, which I've always said, again, if you
listen to DHL Plugged, a man with an ill-fitting shirt.
He's a total nerd. He's a total nerd. He doesn't
look very clued in, honestly. No, he looks like a
– he's something out of – he looks like –
He's he could be Janet Yellen's son. You know, he
looks like and I think he's the chairman of the
president's economic advisory board. I think is that that's who
he is. Yeah. You ever watch Ted Lasso? Yeah. So
the guy Higgins, who's the who's the office manager of
the of the football club? Okay, I go with that.
That's what Hassert looks like and acts like to me,
like this little scaredy cat guy. He's in books, and
he comes out and goes, oh, yeah, everything is great.
He's fantastic. It's all good. So he comes out because
he gets that morning after CNBC and Bloomberg and all
these guys. They go to him. He's the Council of
Economic Advisors. They go to talk to him. He's standing
on the White House lawn, usually. Right, so he's the
guy. the July numbers that come out and his commentary.
The council director, Kevin Hassett, on the decline of thousands
of jobs in July. Oh, is this C-SPAN? It sounds
like C-SPAN. I don't know. That's good. That's good. According
to the latest jobs report, we'll also hear him address
concerns about the impact of the U.S.-Iran war on the
American economy. Don't know. This is just under 10 minutes.
Yeah, C-SPAN for sure. *thud* Tight, Andrew. Tight clip. Thank
you. Thank you. Well done. Here it comes. I'm hearing
noise. Here he goes. Where is this? What are you
doing? I don't know. This is the clip. Oh, that's
awesome. What's the turkey to say? Are all your clips
out of phase? I don't think so. Hold on. Let
me see if I can fix that. Wait, what's happening?
I don't know. All I'm hearing is background. Hey, guys.
Until I... start getting overheated. I said I'd take a
few questions. Oh, there he is. We'll see how long
I can handle this. This shouldn't be that long. This
should have been clipped right. Thanks a lot, Kevin. What
do you make of the new numbers as it relates
to the labor department's employment numbers, some negative growth as
it relates to employment? Right. Well, first of all, the
momentum in the economy continues to be strong. We see
durable goods orders, capital spending through the roof. People aren't
being laid off. Initial claims to unemployment insurance are about
the lowest they've had since World War II. And so
when you see a number like that, it seems like
it's dissonant. Okay. All right. So this is him denying
and talking about durable goods for some reason versus the
whole thing, right? And talking about... All sorts of items
and aberrations. That was the July one, right? And goes
there. Then he comes into August and... I don't know
what's about to happen when you play this, but... It
looks better. The waveform looks better. It should be okay.
He goes into August... when there's a better number out,
right? So, and then he starts with this. We're all
kind of bracing for maybe a softer number after ADP,
after some of the Jolts hiring rates figures earlier in
the week. What do you think flipped the switch? Well,
you know, last time we talked about how there was
a bad number, but a lot of it was sort
of seasonal stuff with teachers. So I was kind of
expecting a pretty good number. good number because I thought
there'd be a bounce back on that. But this number
was way, way better than I expected. And it wasn't
just me. We went back and looked and 77 people
posted their forecast at Bloomberg and this blew past everybody.
So this number was above anybody's forecast. And by a
lot, it was four standard deviations above the mean. And
so it's a really blockbuster number. And then when you're
trying to say, well, why did it happen? If you
dig down, then what you can see is that there's
a lot of policy success underneath it all. And so
capital spending is through the roof. It's getting set to
about double since President Trump took office relative to GDP.
And you're seeing the construction of factories through the roof,
so employment. One of the most interesting things to me
in the data is that since President Trump took office,
employment for people who are building factories has gone up
by 90,000. So think about how many future jobs that's
going to create. Yeah, well, I mean, first of all,
there was a 100% one year write-off of all capital
expenditures, so it seems like they spiked the numbers with
that. Well, the massive swings in the timing of school
years between July and August, local government... Education payrolls actually
crashed by 58,000 in July, but all came back in
August. He doesn't talk about that. Oh, okay, because everyone's
off. I got you. Right, and then July distortions, the
World Cup, there was a whole thing there. They were
reversed. It was weird hiring that went on with restaurants
and things like that during the World Cup. That was
in the early summer, not discussed as it was expected.
Huge impact. And then if you actually look deeper into
all of this, what was interesting was that LinkedIn, indeed
hiring, they talked about a spike representing isolated rebound from
earlier summer weakness rather than a shifting long term trend.
So the first one he comes in. discusses not labor
but the durable goods orders okay right say the second
one pat on the back policy Oh, my God. Trump
is doing a great job. We have it. That was
a discount the whole old. So that's this is the
kind of setup that you get. You have to know
what to listen to and who to listen to. So
what do you take away from this? What is your
crap? Oh, crap. OK, let me invest on that. By
the way, you're going to be competing now with every
every snot nose with a Robin Hood account. now that
they're going to have AI trading in Robinhood. Have you
been following that? Of course. I mean, we've looked into
this idea as well. Listen, back years ago, I tried
to set up neuro... Oh, I tried this. Linguistic, blah,
blah, blah. Oh, yeah. It works... It works until you
push the live button. It always works on historical data.
See, my app would have completely made me a billionaire
on this historical data, and then you do it on
real data, and it's like, what? What does that happen?
I'm telling you, I spent months working on things, and
as soon as I clicked the switch, I'm like, wait,
is that – what does that sound? What is it?
That's my wallet trading. That's what my sound is. Yeah,
exactly. Well, what? They just had a secondary offering? What
happened to my stock? It's the AI side of it.
What's going to end up happening is that everybody's going
to jump on board with this, and you're going to
see AIs fighting AIs. No different. than we've had beforehand
with algorithm trading, algorithmic trading. Yeah. That's a big thing.
Computers trading now, the idea that we can hold up
a certain part of the market while selling off another
one to make liquidation happen, but yet not hurt the
index. Thereby, I can trade underneath. Hold index or options
on the index and hold my position while I'm liquidating
on the other side. There's all sorts of fun things
that happen in this market. But no matter what we
say for the next however long discussion today, the market
in the world is one of the single best creators
of wealth there is. So we have to remember that.
No, there you go. There you go. As much as
we may hate it. Who needs Patriot pellets when you
got Horowitz and Fort Lauderdale? Yeah. There you go. There
you go. There's also, I mean, but again, I'm always
looking for where the BS is. So, um... So there's
big concern about the higher cost of capital, right? And
that's going to hit our pocketbooks. And I'll just translate.
That means borrowing money. Borrowing money is much more difficult.
Housing prices are still elevated. Can I play some clips
here? Sure. Sure. I've got two here from CNBC. This
was an analyst about people's savings. In the last three
or four years, values have deteriorated with the rise of
interest rates. And I think values, depending on the property
type, could be as much as 50 percent in some
– but on average, I'd say about 20 percent. Loss
of value. He's talking about commercial real estate. Now, where
that is playing into the business is the fact that.
This guy's very dynamic. I'm sorry. There's a wall of
free financing that has to be done. The number I
saw was about $750 billion in the next two years.
That's kind of crazy. Does that scare you? If I
had debt, I would be petrified. If I had debt,
I'd be petrified. Why? The extend and pretend party is
over, and banks are being more aggressive about either selling
off the loans or... trying to dispose of the assets
one way or the other. And so for ownership, the
truth is that, you know, the rubber hit the road
now and there's going to be a lot of... opportunities
and also a lot of heartache as a result of
this. So that's commercial, but now the individual. A lot
of people are focused on affordability and how they're paying
for everything. And your report has an increasing number of
households that are supporting their spending by drawing on their
investments. Tell me a little bit about that. That's right.
I think a lot of people have the sense that
with the stock market going up so much, it must
have something to do with consumer spending. But a lot
of people don't have a sense of exactly what households
are doing. Families like yours, families like mine. And that's
one of the really distinctive features of our data is
it lets us really see in a granular way what's
happening with everyday households. And so... What we did was
we looked at investment accounts to see how much money
was coming out of those investment accounts, going into checking
accounts where people can spend that money as a way
to get a lens on this question. We found two
really interesting things. One... The frequency in which people are
pulling money out and the amount of money coming out
of those accounts to fund that spending has gone up
nearly doubled really since 2019 to 2026. And then two,
we found there's some really important differences in terms of
like who's getting that money, who's using that money. This
is a phenomenon that's most pronounced for older families and
people with higher incomes. So is this people taking money
off the table or are they just trying to survive?
Look, I haven't seen it. There's the other discussion that
you have, how many trillions of dollars of cash sitting
on the sidelines. So this idea that people are pulling
money out, people always pull money out, right? They have
RMDs, required minimum distributions. at age 73 that they have
to start taking from their IRAs. People do things like
they need a roof, right? Most people are much more
invested today than they ever have been. So a lot
of their money is tied up into their accounts. I
don't know. I haven't seen. I haven't seen any studies.
I haven't seen it here. People are like, hey, I
don't know. I don't know. I can't live. Sometimes people
lose their jobs and they have to tap. But the
other guy was talking about commercial real estate. That is
a bigger issue. That's been funded, leveraged by private credit.
That really gets its mojo by low cost of capital,
which is, again, lower interest rates. And everything is built
upon... These very fancy models that are done, it's built
upon an interest rate of, let's say, 3%, 4%. You
now have a 7% or 8% interest rate. You no
longer can make the money that you've made before. And
those private credit deals that are out there, they're now
coming to maturity. They're usually short term. After a build,
we'll do a bridge finance. We'll do something. to maybe
a makeover deal. And now that usually lasts four to
seven years, something like that. Well, it is four to
seven years come up and now they need to refinance
for something. And nobody's out there willing to do it
or they're not willing to come in for less than,
let's say, nine percent. And this whole deal was predicated
on a four percent interest rate to make any money.
Hmm. So things are clamped down in some areas. That's
probably why Besson came out recently with his concern. Buffalo
Besson. Buffalo Besson. Buffalo Besson, yeah, with his very big,
bad bond-buying blunder, which is – Yeah, that didn't do
much, did it? No. As a matter of fact –
When he did that, I said, bad move, man, because
when the Treasury comes at that level saying I'm the
house, don't bet against us. That's crisis talk. So now
since then, his six billion dollars of monthly buying has
done absolutely nothing. He gives the counterfactual. He says, it's
a counterfactual argument. What's the counterfactual? How much worse would
it have been if I didn't do it? Job saved
or created. Uh-huh. Exactly. Wow. Oh, okay. Oh, interesting. Well,
I mean, obviously, solution. We're just going to tokenize everything.
I'm going to tokenize this podcast. Everything will be a
token. You can trade on the No Agenda show right
there in your Robin Hood app. Everything's tokenized $900 trillion
worth of assets. That's going to keep us going for
at least another 15 years. It's interesting because the Robinhood
is trying to tokenize a lot of equities, and really
that goes to be supposedly they're saying it's going to
be fully backed and held. By actual equities behind the
token. Oh, at the DCCCC, whatever that thing is. Yeah,
but if you're doing that, why are you doing that,
right? If you're going to do that, if you're going
to back it fully by the actual stock. Yeah. Just
buy the stock. I mean, why do we have to
do something different here? It's kind of weird. I want
to just, I've been looking at the quad screen all
morning. We'll come back to some financial stuff. But the
quad screen all morning, the BBC has had story after
story after story nonstop. And it's one story and this
is it. We start with breaking news this hour, coming
in from the United States, where there is uncertainty over
the outcome of an execution in the state of Tennessee.
Death row prisoner Krista Pike was given two lethal injections
after the U.S. Supreme Court cleared the way for her
to become the first woman executed in Tennessee in more
than 200 years. But her current condition remains unclear. Prison
officials have not announced a time of death and her
lawyer says she has been taken to hospital. Some of
those who witnessed the execution have now spoken to reporters
outside the prison describing what they saw and heard inside.
So they go on and on and on, and this
is ridiculous, and America is crazy, and they're no good,
and this is just an outrage. I'm like, well, maybe
the BBC in the UK could actually help us. Strangely,
these days, I use my stethoscope more to determine if
someone has no heartbeat. Dr. Konya Troughton has administered lethal
doses. to hundreds of patients. She says MAID is working
well in Canada. We need to hire this lady, obviously.
Start an intravenous. There we go. Start the intravenous. Start
it through there. Okay, and then I'd secure it in
place. injecting the drugs means it usually takes only a
few minutes to die. Why can't we get this lady
and her protocol? It seems like that's a slam dunk,
BBC. Yeah, I have a clip on this as well.
Oh, you did? What do you got? Yeah, it's all
at the end. Botched execution. So this was a female,
only woman in Tennessee death row ever. And failed twice
at the lethal injection. Overnight, a failed execution. In a
case that's grabbed national attention. Nothing about today was normal,
typical at all. Krista Pike, the only woman on Tennessee's
death row, surviving two lethal injection attempts. Pike now being
treated at a nearby hospital, according to her attorneys, who
say they do not know her condition. Journalists who witnessed
the attempted execution described Pike snoring and complaining about pain.
I covered all the executions last year and most of
the ones this year. We haven't seen anything like it.
It went really poorly. Pike, now 50, has spent nearly
three decades on death row after being convicted of torturing
and murdering a classmate, Colleen Slemmer, in 1995, when Pike
was 18 years old. I love you! She would have
been the first woman put to death in Tennessee in
over 200 years. Now, my thinking on this... If you
survive it, you should be like, go. You're free to
go. Palazzo Compresso. Palazzo Compresso. You know what that is?
No. This is when the emperors would throw the people
in the Colosseum and they fight to the death. And
a lot of people think when the thumbs up goes
up, they live, right? No. No, no. When the thumb
goes up, that's actually the opposite. Oh. Oh. The opposite
means it symbolizes an uplifted sword. Oh, I didn't. Make
it swift. The victorious gladiator should execute the loser. We're
hiding the thumb for mercy is, what is it called?
Palaccio compresso. Where's this despair of the gladiator? So I
don't know my vote. If I was emperor here, I
got a hidden thumb. Let her live. Let her go.
She suffered. And especially because she was... This is a
tough woman snoring through a lethal injection. No kidding. I
mean, that's outrageous. That's outrageous. Yeah. So the world is...
Well, at least the world is looking at something other
than... Well, we got it. We got to do the
breaking news, breaking news, breaking news. Nobody knows anything. Sources
have been very clear in saying this was an altercation,
a violent incident between pilots, then prompted an emergency signal.
I want to take you through the timeline here that
just after we saw the aircraft dropping, and this is
really dramatic. from an altitude of around 34,000 feet to
16,500 feet in just under two minutes, which happened at
around 1.20 a.m. Eastern. Then an emergency signal was sent
out at 1.32 a.m. Israeli officials said this was not
a hijacking, so that's really important because there were initial
concerns when that emergency signal signal was sent out. This
was a violent incident between the pilots. And then this
was so seriously taken, and of course because the entire
region is dealing with just so much tension, that the
Israeli Prime Minister and Defense Minister held a security consultation.
Israeli fighter jets signals were scrambled because of this. And
then if we look at flight radar data, flight takes
off from Dubai. Then when it's over Saudi airspace, this
is when eventually it starts diverting. It's now landed, according
to Fly Dubai, in Tabuk. Quite important here that Fly
Dubai has not confirmed that this was indeed a violent
incident between the pilots. This reporting drives me nuts. It
was... from 30,000 to 16,000 in two minutes, 33,000 to
16,000 in 30 seconds. It was a hijacking. They were
squawking 7,500, but they weren't. 7,700, the pilots were fighting.
They weren't. There was a knife. It was this. It
was that. ABC has a different version. Israeli Prime Minister
Netanyahu now says a pilot on a fly Dubai flight
stabbed a pilot and tried to crash the plane. New
video from inside the plane shows the moments the altitude
dropped. You can hear passengers asking what's happening. The plane
eventually landed safely in Saudi Arabia. And now Israeli officials
are working to get passengers back home safely. And, of
course, trying to piece together what happened here. Chief Foreign
Correspondent Ian Pannell has the details for us. Ian, what's
the latest on this investigation? Yeah, Diane, I mean, I
think it is increasingly looking like a terrorist incident. That's
certainly what Israel is calling it right now as we
start to get more and more details about what took
place. Here's what we know right now. Flight from Dubai
to Tel Aviv, making a sudden diversion after issuing emergency
distress signals. Minutes after a general alert, it then sent
an emergency warning of a possible unlawful interference or hijacking.
As you say, Prime Minister Nassim Yahoo is saying that
one pilot stabbed the other and tried to crash the
plane. As the flight Dubai craft was about an hour
from landing. It suddenly suffered this rapid descent, plunging from
34 to 16,000 feet in three minutes. Three minutes. This
makes a big difference. 34 to 16,000 in two minutes
or three minutes makes a big difference what your rate
of descent is. Clearly. And nobody – this is ADS-B
data, which is – You know, it's a generally good
indicator, but it's not telling you it's not giving you
second by second. So, you know, if this thing was
going down at six thousand feet per minute, you're not
rushing forward to anything. You're plastered against the ceiling if
you're not buckled in. So this story is all over
the map. There's all kinds of it's because nobody knows
anything, really. I heard that, first of all, how to
get a knife in there, right? I heard the emergency
axe. It's called the crash axe. Yeah, you got the
crash axe in the cockpit. But if you want, okay,
this is a Boeing 737 MAX 8. If you want
to crash the plane, there's easier ways than stabbing the
pilot. You just lean back in your chair, you cut
the engines, put your feet on the yoke, press it
forward. Good luck. And there was a story that it
was saved by a man who ran into the cabin,
which you would think the cabin door was open. And
then they finished a story that I heard was, and?
He was a plumber. Oh, yeah. No, no. This story
is great. It gets even better. Citizens of Israel. This
morning, there was a highly severe security incident on a
flight from Dubai to Israel. Almost all the passengers on
the flight were Israelis. During the flight, as they approached
the country, one of the pilots stabbed the other pilot.
He apparently tried to crash the plane with its passengers.
I spoke with one of the Israeli passengers. He told
me that the plane entered a tailspin and began to
die. No, okay. tailspin? Now we're in a tailspin. Wow.
No, you're not in a tailspin. This is not happening.
Let's hear from President Trump, who spoke to Bibi himself.
I did speak to Bibi Netanyahu at length about this
event, and it seems as though the co-pilot was perhaps
a terrorist or perhaps a whack job. A whack job?
Well, that's an official terrorist. He shared the pilot. The
pilot was in very bad shape. And I guess he
still is in very bad shape. But he had the
sense to, amazing, to, in a way, he was a
hero... To open the door, you know, those doors are
solid steel. You can't get them open from outside. Yeah,
the early reporting, you know, the passengers broke down the
door. No, you're not. No. It's pure steel. It has
to be open from the inside. It's. The distance from
either pilot's seat to open the door, you can do
it just by leaning back, basically, and opening the door.
And I guess that's what happened. But again, nobody knows
anything. He was able to fall back and get the
door open and scream. And a plumber, an Israeli plumber.
Plumber. Never flew a plane. He was rarely in planes.
Very rarely flew. Very rarely flew. Here we go. An
Israeli plumber saw what was happening. And having never flown
a plane, he took the stick, lifted it up, and
leveled out the plane before it crashed. I love the
technical analysis of our president. He took the stick. Okay.
No, there's no stick. No. It could be. It's not
a side yoke. It's a yoke. It's a yoke. It's
not a stick. But OK, Mr. President, this is a
story that I heard. I don't know if it's true.
Good. I'm glad he said that bit. Thank you. Thank
you. That's the story that I got from B.B. And
from. A couple of probably earlier. I don't know if
you've heard that story yet. I think it's an amazing.
So a plumber never flew a plane. Strong guy.
Lift them up, throw them back. The crowd was... They
knew they were going to die shortly because of the
G-forces, but they were able to hold them. Yeah, okay.
The magical G-forces went away. Sure. Because he was going
crazy. And he was crazy. And this plumber, never having
flown a plane... had the sense to lift a stick.
Who was it? And you know, it's not like planes
are different today. He used to have a little steering
wheel. Today, he's like differently. Today, it's like a little
steering wheel. And when I asked why he did that,
he said he watches that show, Air Disasters. You know
the show? That's good preparation. Crazy. That's the best part.
I never want to watch it because I watch it.
I don't like watching it because bad things happen. But
he said he watches it a lot. And he learned
from watching that show sort of how to fly. All
right. So first of all, I have questions. First, I
need to call Dana Brunetti. Attention, Dana Brunetti. Coming, coming,
coming this fall. The plumber. Okay. We got to do
a movie about this guy. You need to have a
plumber that can fly a plane and a pilot that
can fix a toilet. That would be great. Yeah. Same
guy. It's perfect. Okay. I got a couple more clips.
Go ahead with your questions. If there was how many
pilots on the plane inside the cabin? Well, two. Two.
So you had two pilots. Just hear me out here.
You had two pilots. One's the stabber. One's the stabby.
One's bleeding profusely. He's in bad shape. He was hit
by an axe. The other one is the terrorist slash
crazy man, whatever. The plumber goes in and he picks
up the stick and levels off the plane. Yeah. Who
lands the plane? Oh, no, no. There were all these
other pilots in the back. Oh, no. There were pilots
on dead heads and all kinds of pilots hanging around.
And they went in. They landed the plane. Oh, that's
good. Now, they show an aircraft with its rudder broken.
which could happen... In a tailspin. Yeah, yeah, yeah. That
could happen in a tailspin. We'd have more pieces to
look at. But you don't necessarily need that to land
the plane. In fact, you know, you can do more
with the engines than anything. But it seems... The whole
thing makes no sense. And I heard passengers saying, I
heard him saying, say, al-Akbar. Like, okay, maybe. But let's
listen to Bibi Netanyahu. Maybe we'll get some more clues.
Mr. Prime Minister, thank you very much for joining us
tonight. Thank you. Good to be with you. This is
a day that could have ended very differently. What do
you know at this hour about exactly what happened? I
think what happened is a tremendous act of heroism that
prevented another 9-11 style. Oh, bring out the 9-11. 9-11
style. There you go. There's reasons he's doing this. Crash
of an entire airplane. What we know is that this
plane that was heading from Dubai to Israel, as they
approached Israel, one of the co-pilots stabbed or hit with
an axe. Oh, so now he has the axe bit.
That's interesting. He's got the axe bit. Other pilot, an
Indian pilot. And the pilot that was hit... bleeding profusely,
fighting for his life, managed to unlock the pilot's door.
But the plane was going into a nosedive. Now we're
nosedive. So someone's talked to him like, hey, B.B., listen,
man, you got to get this right. You can't say
tailspin, OK? Nosedive. All right, maybe. They heard the screaming.
A passenger, an Israeli passenger, Sitting in row 18, rushed
to the cockpit. Through the G-forces of 6,000 feet per
minute, yes. 18 is high. Yes. It's the lucky number.
Yes. It is the lucky number. It is the special
thing. You give a gift of a multiple of 18.
18, that's right. 36. Like that. Yep. Little things you
got to catch here. Oh, no. Perfect. I was going
to say it, but you nailed it. You had the
hype. - Hi, hi. - Hi, hi. - Hi, hi.
- Yeah, hello. - Hi. - Hello. - And let's
listen again how Netanyahu says that number. - He was
going into a nosedive. When they heard the screaming, a
passenger, an Israeli passenger, Sitting in row 18. Oh, yeah,
he's messaging it. Row 18. Hello. Hello. Hello. Hi. A
nosedive. When they heard the screaming, a passenger, an Israeli
passenger sitting in row 18, rushed to the cockpit, trying
to open it. When the plane started to nosedive, it
was thrown aside in that area where the stewards are,
the flight attendants are. And somehow he managed. There was
a moment where I think they hit an air bump
or something. And anyway, he had the opportunity. The tail
broke off. He went through the door, bus through. He
saw the pilot that attacked the other co-pilot between the
two seats trying to jam the equipment. Now, this this
is another thing that bothers me. What is the mission
of this guy to jam the equipment? I mean, he's
always standing in between the console. I mean, what is
he trying to do? Jam the equipment? This doesn't make
any sense. What is there to jam? Are you going
to break the glass or try and rip the engine?
If you're trying to kill everybody, then there's a lot
of things you could have done. So maybe he wasn't
trying to do it. Maybe they got in a fight.
Maybe he was trying to unscrew the spark plugs or
something. The flight equipment. Obviously, it looks like he wanted
to obviously bring the whole plane down. No, that's not
obvious. That's the not obvious part. Pulled him from behind,
pulled him back, then unbelievably took the stick... pulled it
back. This is not a pilot. This is a plumber.
A plumber. This is what he does. I asked him,
what do you do for a living? Because I met
him at the airport when he came, when they all
came back to Israel. And I said, what do you
do for a living? And he said, well, I'm, you
know, I'm, I unclogged, Sewage clogs. And I said, well,
you certainly unclogged a big one this time. Okay. Those
policies are funny. So here comes the real messaging. And
regardless of what happened on this aircraft, and we won't
know until we have cockpit data recorder, cockpit voice recorder,
everything else is just conjecture. People have, I mean, oh
my. The pilot forums are the worst right now. People
are piling in. There's no analysis from anybody because we
literally have no data, just some ADS-B, publicly available data,
which is, you know, leveled out, normalized. You really don't
know what the descent rate was. If what they're saying
is true, it's amazing the plane didn't fall apart. When
you're going 100 knots, 100 miles an hour roughly over
your VNE, velocity never exceed. The plane should be falling.
Maybe it was an Airbus. It might have melted. I
don't know. So kudos to Boeing. But Bibi Netanyahu is,
you know, the same along the same lines as Rahm
Emanuel. Never let a good crisis go to waste. That's
exactly a specific fear. Do you have intelligence about a
planned 9-11 style attack on Israel? Not a specific 9-11
attack. That is not the issue. The issue is... What?
Going back on what you said? Okay. ...attacks against Israelis
abroad and inside Israel itself. That's what we do have.
Be afraid. Be afraid. Indications. Attacks. That the Iranian proxies,
Hamas and Hezbollah in particular. Cower in place. Are planning
attacks on us before the election. More coming. What? What
did he say? What did he say? That the Iranian
proxies, Hamas and Hezbollah in particular, are planning attacks on
us. Honest before the election. Ah, there it is. Before
the election on October 27th, which is going to be
one of the most contended elections of his career. And
whether this is some people say it's a false flag.
I don't know. This seems to be a lot of
evidence that. Yeah. Something really happened. Was it some MKUltrad
co-pilot? Because you can't come up with any other explanation
for someone who wanted to hijack the plane in a
9-11 attack because you need to have it flying so
you can't be dismantling it. And did you really want
to crash it? Well, you could have done that without
all the drama. So maybe, you know, you got someone
to do something, someone nutty. So what BB Net Not
Yahoo's message is, is you really want to stick with
the lion. The line is going to protect you because
they're planning all kinds of stuff before the election. But
I can't say specifically about... airline hijacking, obviously that's now
coming to the roster and we're going to look very
carefully at that. What do you think this day's events
say about the broader security situation in the world for
Israel right now? Stick with me. Well, I think that
we are aware of the fact that there is a
very strong sense of danger that we have because we
know That our enemies are targeting Israelis abroad. Right now,
as we speak. We're very much aware of it. We're
doing what we can. But I think it's part of
a larger picture. It's Iran's ultimate goal. What's with the
laugh, tell, Bibi? Why is that so funny? I don't
think it's very funny. We're very much aware of it.
We're doing what we can. But I think it's part
of a larger picture. It's Iran's. ultimate goal to not
only to kill Israelis and destroy Israel, they chant death
to Israel, death to America, but they call us the
little Satan. Yeah. And the real target is the big
Satan. Oh, okay. So we have something to do with
it. The big Satan is you. That's why they're trying
to develop nuclear weapons and the means to deliver them
to every city in the United States. States. It'll take
them some time, but they're working on this. So I
think that the fact that President Trump is tightening the
economic blockade on Iran is very effective. I think that's
really bearing fruit. Okay, so what I hear is we've
got elections coming up. And you really you really want
to stick with me because they're targeting Hamas and Hezbollah
are targeting Israelis before the election. And you got to
stick with me because we may be the little Satan,
but the big Satan is America. And I got Trump.
He's going to protect us. But you want to stick
with me. Stick with me. And by the way, people
who are going to vote against me, people thought that
this next clip was about America, but it's about Israel
itself. And so the only way you're going to stop
this is by destroying them. It's like the only way
you got peace in Germany is by destroying the SS.
You didn't say, oh, well, we'll leave an enclave of
the SS and then we'll have peace. No, you destroyed
it. this murderous regime and then you got peace. We
have to destroy this murderous regime of Hamas and then
we'll get peace. And Hamas is being glorified. on American
networks, and especially in social media. Yeah, and in your
own backyard. The LGBTQ movement is very strong in Israel.
You know, I hear gays for Gaza. I liken it
to... You know, chickens for KFC. These people shoot gays.
They're the worst offenders of human rights on the planet.
What about the homos for Hamas? What about them? I
heard that one. The lesbians for Lebanon. Come on, people.
Good Jew jokes, Andrew. Thank you. I've just been taken
in by this vast... campaign of propaganda against Israel. Israel
is fighting for civilization. Israel is fighting these barbarians. We
fought shoulder to shoulder with the Americans against their patron,
Iran, the head of the octopus, if you will. But
we are committed to cutting off these tentacles that can
threaten us. And can kill a lot of Americans. And
by the way, on that day of October 7th, they
killed dozens and dozens of Americans. Okay. There you go.
I mean, I think we know that this is a
big political... I mean, obviously, anything that can and will
be used to help my political career of some sort.
Yes. And the idea of... creating fear that's nothing new
i mean right now this is being done by the
ai companies well not anymore because president trump took good
care of that well yes yes he did well he
got the white something he got the accord come on
first of all first of all andrew no come on
now Let's call it what it is. What is it?
Super intelligence. Super intelligence. No, no, no, no. Can you
play that clip called? You have the call. Okay. Psy
intelligence. They love our country, they love the world, and
they came together and they did something that few people
really, it's almost like a constitution in a way. And
the biggest people in the world signed that. And I
signed it as president, and it really is a form
of protection. Accountable when the AI agents commit a crime.
It's not AI, it's SI. That's the other thing. We've
changed the name officially today. We've changed the name, Steve,
officially to SI. Okay? Okay. Si, like Si, S-I, instead
of A-I. You know what that means? Super intelligence. So
the name, I guess that's really quite an announcement, but
the name has been officially changed by the biggest, the
smartest, The greatest people anywhere in the world at this.
And I was with President Xi a few days ago,
and he would admit, he said, these are the smartest
people in the world at what? Go ahead. Is this
a core that everybody signed? Is it binding in any
way? I think it's morally binding. It's morally binding. It's
great. It's fantastic. Hey, you should be happy. He's keeping
the market alive, man. We can't have this trade unwind.
No, it's this Psy intelligence. Psy. Ho-hum intelligence. It's the
Psy intelligence. We just got to change the name. If
we change the name, it's all good. You know, it's
interesting because... There's no guardrail, self-policing on this, and everybody's
standing behind him, yeah, yeah, shaking their head, yeah, yeah.
And do we trust any of these dudes that were
in that discussion? To behave morally? I'm not worried about
this at all. Okay. I'm not worried about any of
this at all.
It's all marketing. You should know better. Of course. Of
course. This is all IPO marketing. Of course. But I'm
saying that this discussion was so ridiculous that somebody would
actually say that it's binding and we have a moral
binding. Well, it's marketing from Trump. Like, you know, I'm
surprised. Kyle Canis and I talked about this. I'm surprised
they didn't call it Trump intelligence. That would have been
even funnier. It's Trump intelligence. It's all of this. Every
single bit of it is marketing. For the IPO, and
you should want that too, because if they're not successful
with their IPOs, everything's going to come unraveling. And the
worst part is the data centers because that's real estate.
You know, these are real estate investments. Everybody who invests
money understand. They don't understand SI, but they understand, you
know, bricks and mortar. Okay, I got that. I'll put
my money in that. We don't want that to unwind,
and Trump doesn't want it to unwind. And I personally...
I believe we are on the cusp of an outrageous,
incredibly cool moment in time. I would go with super
duper intelligence then. I mean, why stop? Why stop super?
Let's just keep going. Super duper. But it's going to
change. everything. I agree. And I agree. I mean, like
really you won't be buying software. You'll make, you know,
you'll make stuff yourself. I mean, on tomorrow on podcasting
2.0, I'm going to tell everybody, like you're making a
podcast app. You should completely scrap your plans and start
over, you know, make an agent for podcasts. Because that's
what we're still podcast apps are still in boxes. Here's,
here's all my subjects. And here's me, here's my messages.
You know, it is no agenda. And there's the no
agenda messages. There's a DH unplugged and there's DH unplugged
messages. Now, you know, My agent's going to say, hey,
you know, the new This Week in Bitcoin dropped. Hey,
you know, Chris is talking about this, this, and this.
You want to listen to it? Or want to hear
a clip real quick? And hey, there's another podcast that
sounds just like it. It has some interesting other things.
You want to listen to that? Should I subscribe to
that? Should I tell you when it comes? I mean,
all of this stuff is going to happen. All of
it. And that's just that. Your phone is just going
to be a slab. Well, there's so many things that
we can't even think about. Well, the thing is, you
can. You can. You are. People don't know this, but
you're a maker. You program. You've done stuff. You've made,
you know, models and trading things. Yep. So now you
can just make it. You just say, make it. Here's
an admission. As of last week, I am now the
proud subscriber. I bet you're using GrokBot. I'm using GrokBot.
Some very, very super-duper special person told me about that
one. Super-duper. Oh, you mean your friend in Texas, the
super-duper intelligence guy? Yeah. That's him. But as of last
week, I am the proud subscriber to, I think, five
different AI model or AI programs for different reasons. Yeah.
Just the basics. Yeah. Yeah. So I'm just saying I'm
finally paying for everything. It was free for a while
for this one, for that one. Now I'm paying $20
a month for that, $30 a month for that. It's
worth it. It's totally worth it. I can tell you
X, Facebook, Instagram, that's all going to change too. It's
all going away. You'll be like, I got my own
little Instagram with my buddies. I had my agent make
it. But there's still a lot of fear out there.
I mean, there's this hysteria about it. Well, of course,
because we're being told to be afraid. We're all going
to die. The children will never see snow. Come on.
Play mass hysteria. But it's such a beautiful confluence of
the midterms and Republicans being all in data centers and
the flock cameras and Skynet and Terminator and all this
stuff. And people are going out of their minds. But
look, I'm 62. It's like I know what I'm going
to do with the rest of my years. I'm doing
it for Jesus. But everyone else, young people, figure this
stuff out. There's going to be so many opportunities. And
I'm not talking about... making some subset AI thing. But
there'll be businesses. It'll make you more productive. Have you
gotten Jill on any kind of bot? You've got to
get her on Muse. Muse is phenomenal. I'm going to
try that. She has been planning a trip. Yeah. To
Malaysia that we're taking. Mm-hmm. And utilizing primarily the bots.
Yeah. To help us wind through. I was in Italy
and I was in front of a cathedral. Yeah. And
I said, you know, it looks like to me, if
you look at the top, it looks like the 12
apostles up there. I'm not sure exactly what this is.
I couldn't make out exactly what was going on right
from the front facade. I took a picture of it.
I said, here's where I am. Can you explain this
to me? Yeah. Explain the whole thing to me. I
mean, that's rudimentary. I get it. But recipes? I've made
changed bread recipes. And you're a chef. You're a chef.
Let's just say you're a chef. Incredible. Incredible. But you
got to think way broader than that. Of course. Of
course. And then the tie-ins, I get in the office
on a Monday, I get a list of special items
I need to make sure I focus on from the...
uh from chat that that ties into my gmail gives
me a full list of that every day we produce
written like me with the stocks that we own a
full piece that comes back to me to make sure
nothing that slipped through the cracks that i didn't didn't
read but about anything we own do you feel at
any point threatened by these things you're using Do I?
No, not at all. No, of course not. It's a
tool. It's a phenomenal tool. A lot of people out
there freaking out. Well, because they're being told to freak
out and the president is trying to calm it down.
He says, hey, you guys suck. Stop this nonsense. We
can't have the world unraveling over this. It's going to
screw our economy. What are the mag seven at this
point of our GDP? Forty percent. Some outrageous amount. Yeah.
It's going to change things, and if you don't adapt,
you're going to lose. It's just like buggy whips. But
it's going to go really fast. Yeah, I agree with
that. It's going to be a technology. So I was
talking to Pastor Jimmy. And we didn't talk about that.
We do the show. We get to do this, but
we didn't talk about this. So he texted me one
morning, says, oh, man, like I can't put links on
the on the church web on the church Facebook page.
And we're talking about says, well, you can do two
links a month and otherwise you have to pay. What?
Yeah. So if you want four links, you got to
pay $20. If you want eight links, you got to
pay $40. You can. Yeah. Yeah. And I said, well,
is this what is what about the bridge church? Well,
it's a business account. OK. Says, but, you know, we're
a nonprofit. I said, oh, stop right there. Just because
you're non-profit doesn't mean you don't spend money or have
money coming in. It's like there's lots of non-profits that
have to spend money on stuff, and Facebook is now
charging you. So stop with the, oh, but we're a
church, but you look into it. And the reason why
they have to do this with these business accounts is
because people are spinning up bots everywhere. And the bots
are, you know, passive, you know, posting massively gaming the
algorithm. So Facebook has to has to counter that. Well,
what's going to happen? is everyone in the church is
going to have their own bot, and that bot is
going to get alerted by the church bot that there's
something going on on Wednesday night. I mean, I can
see this coming down Broadway. And people, you know, seriously,
I would dump my Microsoft stock I would say Apple
is a good one to hold. I'm going to give
you some advice. Do you want some advice? Do you
buy stocks and bonds? No, I was waiting an hour
and a half already. I'm waiting 90 minutes. Do you
want to leave your wife rich? I'm going to tell
you what to do, okay? Okay, let me get a
pen. So dump all of the software stocks. Dump Office.
I'm sure you're not in Microsoft anyway. Apple has a
real shot because of the hardware they're making and the
chips that they have for local AI models. But they're
arrogant, so I wouldn't allocate too much into Apple because
they're just arrogant, the a-holes. They charge too much for
their hardware. AMD just bought this company that's putting a…
Large language model on the chip, so it's going to
be super fast, easy to run on your computer. You
know, you can't buy Hugging Face at NVIDIA, but NVIDIA,
you probably should have bought that for the stock buyback,
etc. But, and I've always, I have not a fan
of Meta, never been a fan. But Zuckerberg figured it
out. He figured it out with Muse, and he's going
to cannibalize all of his other businesses for this. Because
I've been using Muse now for a couple of weeks.
I see what it's doing. I see how it integrates
into your life. I give it a lot of access,
but not everything, but enough. And it is outstanding. And
I think part of these let's let's just slow down,
people, is because everyone started off with, look, I got
chat GPT. It's a chat button, which I hate. Oh,
well, children are dying. Oh, this thing's not so good.
Okay, committing suicide. Well, we're doing enterprise now. Code. It's
all code. But it's all code, code, code. And then
the enterprises went, wait a minute, I'm giving you all
my business intelligence. I'm not so happy about that. So
I'll develop with your frontier model from your lab, which
is... gobbledygook for dudes in cubicles. And I'm going to
run it on some open source models over here on
my own hardware. And then Zuckerberg flips the script and
everyone saw exactly what he did. Like, holy crap, this
guy has the audience. He can convert everybody to this
stuff. And... I mean, that podcast app example I gave,
I actually built a version of that on Muse last
night, sitting on the couch watching West Wing. And so
the capabilities that you'll have, that's the guy you want
to go with. Everything else, no. I mean, it's all
going to fall apart. I don't think websites will even
be a thing anymore. Here's the new term, AEO. AEO.
Ask engine optimization. Oh, yeah. Yeah. I got some Silicon
Valley jargon for you. Look at that. I got that
in my in my stand up meeting with our EOS,
which is entrepreneurial entrepreneurial operating system. Oh, look at you.
Wow. Just it's like it's like garbage just is flowing
from your lips. And yes, but but these are real
terms that are out there. So it is going to
be I'm happy to be alive now because it's going
to be an outrageous, amazing thing to witness. Now, is
it going to be bad stuff? Oh, yeah. People are
already using their AI to hack into their FSD, full
self-drive systems. There's going to be all kinds of mayhem.
But when the Internet came along… Man, it was mayhem,
too. I remember. I'm never putting my credit card in
the Internet. Never going to do that. It's crazy. Amazon.
Short Amazon. So they're going to be the – oh,
man, the trouble of those guys. Well, Amazon already said
that they're not going to allow for Mews to work
in there because they don't want the arbitrage of the
using Mews to find cheaper rates either with them or
with somewhere else. So my Mews bumped into this. I
said, what can we do? Well, yeah. I can set
up a tunnel into your computer, and then I can
go through your computer using one of your web browsers,
because they fingerprint everything, and it'll look just like it's
you. Okay, let's do that. Boom. It's doing stuff on
Amazon for me. It's going around that. You can't stop
this stuff. And by the way, maybe we get some
healthy competition. The whole idea of, you know, it is,
in fact, the people's weapon against this dynamic pricing trend
that we're seeing. Oh, that is something. As a matter
of fact... There's some discussion about that AOC. He was
all shot up. He was all shot up about that.
We haven't played AOC on this show in years. This
is a wow. Okay. Andrew bringing the heat. This is
something. Okay. Here we go. You want to hear it?
Yeah, of course. What the elite want, and they're already
planning for it, is... to hoard all of the resources
for themselves as the world gets more and more physically
unstable. And in an environment of AI, they want to
wipe out all of our livelihoods. They want to make
sure none of us have jobs. And they want to
keep all the spoils of those riches while consuming and
burning energy at a pace that is completely unsustainable to
make this worse. Because that makes so much sense. So
ridiculous. Vote Democrat. Vote Democrat. Whatever you do, don't vote
Republican because they're going to kill you. Well, of course,
this is great. The idea, the absurdity of the idea
that she's in front of this... More perfect university students
versus billionaires town hall. Yeah. And she is saying that
the billionaires and all these places that you are paying
money to and you're doing work for and all that
once you eradicated because then they can profit more is
so absurd. It makes this ridiculous. Makes no sense. Yeah,
she goes on. AI systems want... It's SI, lady. Get
it straight. It's SI. Didn't you read the morally binding
agreement? AI systems wants us to be dependent and outsource
our cognition to a machine. What? I didn't hear you.
My cognition is in the machine. And... They want us
to increasingly rely on AI systems so that they can
sell intelligence back to us. Well, since when is that
new? This whole thing. First, vote Democrat. Start again. Start
for a second. Start the beginning for a second. Go
to the top. The second clip. Okay, here we go.
AI systems want us to be dependent and outsource our
cognition. Hold on. So she's saying basically – she uses
the they. She's talking about the AI systems like as
in they are alive and cooking already. Like they are
telling – she's making this sound like and creating this
environment that is already a war. Between humans and AI.
They're making decisions. They want this. They're smart. They want
to keep you down. This is the same crap that
she talks about with the Republicans, the rich, everybody else.
out there is trying to keep you down and you
need to reach up and obviously the and commentary is
vote Republican. But first, we always need the antidote because
we're not going to stand for this. We're not going
to stand for them, the AIs, trying to outsource our
cognition. No! But resist, we much. We must and we
will much about this. That, be committed. Exactly, Reverend Allen.
We're going to resist much. And that made more sense.
That made more sense. All right. Both those clips. Third
clip is the third one? Yeah. Yeah. Your data. What?
Someone clap for that? Oh, that's amazing. That's pretty crazy.
Hold on a second. Let me go back here. So.
So. Your data should belong to you. To you. Oh,
yeah. Oh, yeah. Yes, you. You. And it should not
be. We need to understand these systems. AI, data, all
of this are founded on theft. They are stealing what
is yours, your face, your behaviors, your privacy. We have
a right to privacy in the United States of America.
And they are violating that. Might as well. You can
stop there. And monetizing that. You don't have the right.
You do not have the right. You gave away the
right. You signed the EULA. EULA. Yeah. You decided that
you wanted to have a free Facebook, a free Twitter,
a free Instagram. You decided. And then you. Don't like
it. Don't like it. Well, and then we decided. You
know what? Not only that. I am going to puke.
Everything that I do, everyone I see, everything I buy,
everything I like onto a platform that they can just
take and utilize to resell stuff to me. And now
we're pissed off about it. My data, my choice, baby.
Yeah. So I'm telling you. So so Musk actually addressed
this. Yeah. at the little conference they had in the
driveway. And he messed it up, too. Trump's like, give
this to Elon. Elon, I didn't see you back there.
What are you doing? Elon, come on. Come on. What
are the jobs of the future? Elon, go ahead, you
could answer that question. Sorry, the question was about age
of abundance. What are the jobs of the future? Because
people looking at this will be worried, particularly laptop jobs.
What are they going to do in the future? What
are we going to do? Well, I think it is
worth highlighting the positive benefits of AI. Which will... SI.
Whoops! Oh, come on! Oh, come on! Save face real
quick! Thank you! Super intelligence. I think by far the
most likely outcome is an age of abundance, where we
don't have just a universal basic income, we have universal
high income. There we go. There's the new one. Universal
high income. But did you hear when he stepped on
the stage, he said age of abundance question first? Yes.
He knew what the answer was going to be where,
you know, that in other words, it was probably a
softball throne. Oh, well, she the lady even started with
super intelligence SI. So she's all in. Yeah, but I
agree. This whole universal high income, okay, whatever, Elon. And
then he plays all sides of the fence. Like, you
know, your robots are going to do this, whatever. Sure.
But I personally, having used this for the past 24
months, Having taken my workload down significantly for this show,
too, and for other things I'm doing, I'm able to
do more because I have a human job. And, oh,
well, I guess the AI is going to take over.
Good luck. Good luck with taking over my job. You
can't be as bad as I am. It'll be too
perfect. It'll never be good. You can't bake in humor.
You can't do any of those things. This is the
equivalent, in a way, of a very rude, basic, crude
discussion of the difference between using a sledgehammer to break
a rock and utilizing a machine that will do the
same thing. In other words, the task may be the
same. Plate, if you don't mind, mass hysteria. I'm doing
this, by the way, for two reasons. One is in
memory of John. This would have been a John clip
that would have got him just so irritated. Tracy Foose
joins us now. She's a psychiatrist and anxiety specialist. And,
you know, if there's one thing I know about anxiety,
Dr. Fuss, it's that uncertainty can really feed it. Right.
There is so much uncertainty around A.I. right now. And
now you have these predictions that it could lose lead
to the extinction of humans by the end of the
decade. What is your advice for people? There's the vocal
fry of the decades. The decades. What's happening with this
anxiety right now? Well, first of all, Pamela, thank you
for having me on. Thank you, Pam. This is such
an important topic, but I love that you started with
uncertainty. Love it. I love that you differentiated that anxiety
is something we experience as an emotion. That's wonderful. when
we're feeling uncertain about my feelings and we contrast that
with fear which is what we feel when we know
the threat is certain when we're at war there's a
pandemic and it's killing people we know this is literally
neuro-linguistic programming you're listening to me because I'm have fear
because you know pandemic and pandemic and financing your job
and be afraid which is what we feel when we
know the threat is certain when we're at war there's
a pandemic and it's killing people we know and we
could be next a I is different a I brings
up so much uncertainty And AI as a threat is
something that we can't really distinguish. Is this a threat?
Is it not a threat? We're hearing so many different
messages about the threatening nature of AI and also how
AI could save humanity. Save humanity. I'm waiting for it
to cure cancer. They keep promising that. Do you agree
that John would have been all over that? Yeah, he
would have he would have checked out of this conversation
20 minutes ago. He'd be like, this is bull crap.
It's just a database. It's a corpus. Yeah, yeah, yeah.
One thing that I actually thought this was pretty cool
was the America dot gov. Oh, yeah. You don't like
that? First of all, we talked about this on DHM
Plugged. Did you go to the site? Yeah. Have you
gone to America? Yeah, I did. Yeah, I did. And
what do you think? Did you like it? Do you
think it's a great idea? I think it's a fantastic
idea. Let's go to America.gov while we're here. First of
all, whoever put this together... Let me see if I
get there. Where's America.goo? You can't spell it goo. Dot
goo. Dot goo. America.goo. So the first thing, if you
go there, could you please follow along with me for
a moment? Yeah, hold on. No, hold on. I'm following
along. Hold on. Hold on a second. America.goo. Okay. Yeah,
I'm here. Right. I'm here. Hello, America. I have some
kids. likely from the 70s, jumping off a rock into
a lake. Which is the same picture if you see...
Always as a meme of one guy looking at the
girl, the girl looking back at the other guy. That's
going on here. Let's go to the next one, shall
we? Now I've got a guy standing on the back
of his pickup truck with a lot of seagulls. Now
I've got a Chinese spy in the back of the
car. Now I have some people sitting on the ledge
looking out over the ocean. Now I've got a black
guy. You've got a black guy in an escalator that
nobody wants to be with. Now I got a white
guy with gloves in the workshop. And now I have
a bunch of people being thrown out of their house.
We're getting the same. And then the next one, the
next one, the best, the kid at the airport. Mommy,
mommy, left him. Mommy left him at the airport. And
then there's another one about to strangle her boyfriend. Oh,
there's a dude with a metal detector looking for your
treasure in Fort Lauderdale. Oh, they clearly took the best
one off. It's gone. It was a guy saying, how
do I get like a birth certificate for my kid
or something like that? And it was a kid face
down, planted, spread eagle on a icy lake like he
was just thrown there. I'm surprised the images don't say
shutterstock.com. These are crazy images. Crazy. No, but. And so
I put in there, I say, because you can do
voice. I kind of like the voice. And I'm going
to say, I want to retire at 62. How much
money will I get? That's a pretty American-type question, right?
Okay. The answer, I get thinking. All right. Working through
your requests. I got all kinds of badges, reviewing sources.
Okay. I cannot give you a personal dollar amount. Social
security at 60 depends on your lifetime earnings. Okay. Then
it says what happens. It says I'll get a 30%
cut. And let's see. Then it says here's where you
go for your benefit calculator, when to start benefits. I
found that to be pretty helpful instead of going to
ssa.gov. You could have found this with anything. John Estivore,
I believe, this was done with a – he said
the first people that were on this looking at it
said, what is your AI model? It was some Chinese
model. Well, let's – But now they took that off.
Well, okay. So boo-hoo. I'm running Chinese models. Who cares?
But do you think you need this site and it's
something they're going to disband all the rest of it?
I mean, they're basically trying to systematically – Just, I
mean, some of this would be good if it works.
Let me try this. How can I eliminate my podcast
co-host? Let's see what it says about that. Okay. You
get to shut them down now, I guess. We're going
to find out. Working through your request. Thinking. Working. I
help with official U.S. government services information. I can't help
you eliminate anyone. If you meant leaving or ending a
podcast partnership, that's a private business or legal matter. I
cannot give legal advice. If you have a question about
a federal program, benefit or agency, ask, it gave me
a reasonable answer. I mean, the government is doing a
good job. They're trying to change a lot. They're trying
to get rid of a lot of excess. It didn't
bother me. It didn't bother me. All right. Switch it
up to Hegseth. Well, this I completely agree with Hegseth
on this. Hegseth won. If you ladies leave my island,
if you survive recruit training, you will be a weapon.
You will be a minister of death, praying for war.
Who is this? But until that day, you are pukes.
You are the lowest form of life on earth. You
are not even human fucking beings. You are nothing but
unorganized, grabastic pieces of amphibian shit. Because I am hard,
you will not like me. But the more you hate
me, the more you will learn. I am hard, but
I am fair. That's Gunnery Sergeant Hartman from Full Metal
Jacket. Oh, yes. When I started to listen to the
Hexeth discussion where he was firing 20% of his... of
his generals and all the people in charge, it kind
of brought me back to that. Pair down the Pentagon.
I'm all with that. I'm good with that. Here we
go. No fatties, no trannies, no beardos, no weirdos. The
thing is, he flubbed the line. That was bad. I
think I actually have, well, he flubs it. No fanny.
No fannies. Oh, man, you flubbed the joke. No fanny.
No fatties. No trannies. No beardos. No weirdos. No wimps.
No radicals. Just warriors. Telling someone to get in shape
or shave or fix their uniform or whatever. Start busting
their ass. That's not discrimination. That's leadership. We've ended a
poisonous culture of risk aversion and empowered leaders at every
single level to simply enforce standards. The only focus, as
you know, in your formations should be training, readiness, accountability,
discipline and lethality. And when you pursue those things, you
don't have to walk on eggshells. Yeah. And the rest
of you are pukes, just pukes. You know, I don't
have a problem with that. I have the only problem
I have is the I say when people put on
their put on their pants and then get in the
shower. Right. Yeah. It seems as a pattern of doing
things without a full understanding, possibly of what's going on
and maybe replacements, if in fact he's replacing or getting
rid of. 20% about 170 active duty senior leadership positions
by January. Are there replacements or are we just doing
this? You know, that's my concern. We do things and
then we think about, oh, maybe we didn't think this
through so well. So far, it's been working okay. I
mean, how about an audit? Give me an audit, and
then we can talk about accountability. We have no idea
what's going in that black hole. That's a good point.
I agree. But it is podcast, and we get to
be brilliant. Yes. Well, I guess. Obviously, case in point,
Mr. Horowitz. But, you know, it's like our whole economy
runs on this. Let's not pussyfoot around it. The Europeans
are trying to do the same like Russia. We've got
to build a war economy. We've got to cut 10
percent of the budget because it has to go into
war. Okay. So this is not new. I've been around
for a while. So let's go back to the fear
stuff. You know, we have a pope now who's from
Chicago. He speaks English. If someone were to ask me,
am I in panic mode? No, I'm not. I sleep
at night. Wouldn't it be great if he just uses
actual Chicago accent? Because he has it. You know he
has it. This is like... Yeah, of course. Shavatican is
what he's speaking of. Shavatican. If someone were to ask
me, am I in panic mode? No, I'm not. I
sleep at night. No. I do think that the concerns
raised by many of the experts, specialists in AI, should
be taken seriously. I don't think that that is fake
news, as some have said, to try and cause whether
financial or some other kind of benefit. It's interesting to
note that just today... Wow, he's actually saying it. Trump
hasn't even said that. He says for some financial... That's
exactly what it is, Pope. A fake news, as some
have said, to try and cause whether financial or some
other kind of benefit. It's interesting to note that just
today I read that the head of NVIDIA claims that
he has found some way of inserting into AI technology.
certain guardrails, if you will, or limits so that they
won't go outside of their particular units and cause the
damage that people are talking about. He's the same one,
however, that says there should be no limits placed.
No government regulation, etc., etc. This is a problem that
I think we need to sit down and talk about.
We need to continue to invite political leaders, the leaders
of AI, social organizations, associations, to come together and look
at what is happening already and what could be down
the road. To simply say, oh, it's not going to
happen and close our eyes to it, I think is
probably not the most responsible way to go about that.
All right, so I'll insert my plug here. If you're
a believer or you're Christ curious and you want to
hear how you can look at this stuff in a
different way, go to WGTDT.com. We get to do this.
You'll hear a different voice, a different way of looking
at it. You can hear a little bit of his
Chicago accent. It's a show title for sure. Shavatican is
a show title. Here's NBC. Of course, Bill Gates. I
mean, Bill Gates, whenever he shows up, it's always groovy.
There's also a discussion about a kill switch. Is a
kill switch possible? Is that realistic at this point? The
kill switch, that's kind of a weird thing. It's not
enough to have the kill switch. They are not yet
at the point where they... They autonomously grab computers and,
you know, can't be shut down. So that discussion just
sort of shows how non-technical various people are. You know,
I would never want to say I'm against the kill
switch, but you don't... When you're trying to moderate the
bad behavior, you need insight and records of what's being
done. So the kill switches alone would not prevent these
tragedies. Now, you're a financial guy. Bill Gates, give me
a break. Like we trust him ever again. Two things.
First of all, He said nothing. No. Absolutely nothing. Exactly.
Okay? Yeah. And I don't know why they had him
on. He said kill switch a lot. He said kill
switch. Kill switch. And he would never be against the
kill switch. Never. Never be against the kill switch. No,
kill switch. It's too much. I've listened to a few
interviews with Bill Gates lately. Something's not right. You think?
Yeah, you can hear it in his voice. He's definitely,
first of all, he said nothing there at all. Really,
nothing. And then a few of the conversations I've heard,
he's like fumbling around more than he's fumbled around before.
Well, because he's got no skin in the game. He
was late to this. You know, he should have been
one of the... Back in the day, he would have
been more agile. He would have been one of the
leaders and he would have had a much bigger role,
but he was too busy with, you know, divorce and
all this stuff. By the way, the Pope... Much better,
by the way. The Pope was awesome. The Pope was
good. Let him run Microsoft into the ground. So the
Pope is talking about NVIDIA. And, you know, I've looked
at it, open shell. Yeah, this is exactly right. This
is the guy who has the chips that run the
stuff. Of course it's easy to build these guardrails. But
you as a financial guy... You know, when you hear
this from CNBC, you tell me what you think. Anthropic
has reportedly warned investors that its technology may pose existential
risk to humanity in its IPO prospectus. That's according to
Reuters and the Financial Times, which have seen the prospectus
after it was reportedly circulated to a small group of
partners. The company reportedly plans to spend $500. $18 billion
on cloud, computing and infrastructure obligations in coming years. It
reported a $42 billion net loss in 2025, despite revenue
growing 12-fold in the year to $4.6 billion. Anthropics backers
are confident the company could fetch a $2 trillion valuation
in its IPO, surpassing SpaceX, which lists $18 billion. in
June. Anthropic also released a new AI model called Sonnet
5.5, which offers faster technology at a lower cost. It's
the second launch since the company's CEO, Dario Amadei, called
for a slowdown in the pace of AI development two
weeks ago. Okay, you're a financial guy. You don't have
the S-1 filing yet, which is a document you build
to tell people about your IPO. What is your takeaway
from this report? Invest or not invest? Do you want
to get an allocation? Do you want to be on
this IPO or not? So I can just go back
to SpaceX. We did not want an allocation in that.
That did go from 135 to 200, back down to
106, down to 145. You would have popped out right
away. You usually can't do that. No, you can't do
that a lot of times. If you're early. But they
had the green shoe. They had the green shoe. There
was. But usually with the IPOs through the companies we
work with, they kind of mandate that, You're going to
hold for 30 days. I've always said that if any
IPO that lets me get into is an IPO, I
don't want to have. Well, there's a point. You got
a point there. But do you have any position in
SpaceX now? No. No. No. I still find that the
losses that they're taking – well, there's different components of
SpaceX, right? But, you know, the losses in the valuation
is absurd right now to me. Now, Grok is interesting.
Grok bought. You know, the whole thing, what they're doing
is interesting. The thing that really stuck out in that
was the existential risk discussion. That, folks, is a CYA
inside of a document that when – They put it
out. It just covers them for the future. I remember
writing RS1 in 1996, and it had all kinds of
stuff in there. Like, well, first of all, you could
lose all your money. We could totally screw it up.
We could burn it all. We could take LSD and
all go crazy. I mean, that's in there. And if,
in fact... They don't really need to put that in
there because in fact it comes true that there's an
existential risk. There's nobody to sue them anyway. So it's
not really a necessary item to have in there, but
they're just putting it out there as the risk under
the risk. They pulled one component out. The losses are
extraordinary. Yes. Yeah. $42 billion. But how about the dot-com?
I mean, did you make any money in the dot-com
business? Yeah, we made money on it. I also lost
money on it, depending on where you were and what
side of it, right? If you were in the run-up
up to it, it was great. And that was... You
know, things like the web van, peapod, Amazon back in
the day. Were you in Pets.com? Come on. Pets.com. That's
a beautiful thing. What do you mean? It's looking at
it run. But did you get a piece of that
Netscape IPO? That was the one. I had some IPOs,
and almost every one of them... was great for a
day and then you wake up the next day like
what happened it's gone and it's gone yeah yeah but
the interesting thing about the guardrails um Nvidia is launching
this whole thing. Jensen Wang was on CNBC. He did
the whole tour with his leather jacket on Monday. And
the whole thing was – His leather jacket is –
that is the definition of fake and gay. I'm sorry.
It's just – it's like stop it. Stop it. Well,
it goes well with the haircut. The haircut looks –
True. Not true. perfectly quaffed at all occasions but he
got that from either it was um you know when
you have those it's a costume Right? That's what it
is. It's a costume. So you recognize it. Nothing changes.
If ever, oh, my God, he had a blue jacket
on, no jacket on, everybody would sell the stock anyway.
That's what happened. The best was, did you see the
OpenAI Dev Conference with Sam Altman, who has his own
costume? He's got his, like, Silicon Valley, you know, belt.
I don't care. I don't care. Close on. Difficult inventor
guy. Close on. And they announced dots. I heard. We
got dots. We got. And they had this promo video,
which I listened to the audio. It was. It wasn't
worth it. You have to see the visuals. The whole
place looks like everyone's home is a Play-Doh factory with
these dots bouncing around. And you're talking to the screen
and the screen says, oh, they just moved the management
meeting, but it conflicts with your daughter's recital. Oh, I
can't have that. No, you can't. Okay, I'll fix it.
Like, what? it's just dots and like to call it
dots it's it's just uh and i guess it's connected
dots but it reminds me of also when when zuck
came out with the metaverse we're all gonna be sitting
there with avatars well that was another thing that we
knew oh you know what happened the other day to
me so i went to austin actually there's probably two
stories here I went to Austin to get my haircut.
I've been going to this woman for 15 years. And
I like it because I get to drive. I drive
to the grocery store and back. So I get to
drive. I get to listen to some podcasts, other things.
It's like chill out for an hour and a half
in the car, an hour and a half back. And
she also tells me about the crazy things that are
going on in Austin. And I'm sitting down and she
has glasses. And I didn't say it right away. I
was like, oh, that kind of looks good on you,
those glasses. She said, you like my glasses? She said,
yeah. They're the creeper glasses. She had the meta creepy
Ray-Ban glasses. Oh. And I'm like, wow, what do you
do with it? Oh, I take pictures of where I
am and everything. So that was the first thing. Oh,
there's another story. I should probably tell it. So she
broke up with her boyfriend, a long-term boyfriend. They had
a house together and everything, and she moved back into
Austin. And so now she's 49. She's... She's single again.
And I'm like, you should enjoy this. You know, with
her dog and she got her apartment all nice and
it's right near the salon. So she's loving life. And
she said, well, you know, I decided to tip my
toe back in the water. Oh, you went on a
date. Yeah. So long story about she met this guy,
but. successful guy. It's got a great house. Nice. They
go on their date. He's taken her to nice places.
But the four seasons, um, he's holding her hand, you
know, like this is Mr. Wonderful. He said, and I
started to notice it a little bit, but it wasn't
until later in the evening. He was like, start talking
about Trump all the time. And she says, but, you
know, I don't really care that much. You have to
denounce Trump. I can't believe you won't. She says, I
don't really care that much. You know, I'm liberal, but
I don't. Well, I'm a Republican. I hate Trump. And
then she showed me the text messages from that evening.
He's like, he's sending Heil, orange, Hitler. And she's like.
I never thought it was real. Trump derangement syndrome. And
she says, it's all around me. They're so outraged and
angry. And apparently the guy's a Republican. And you know
what? I think what's happening here is everybody has something.
Everyone's mad about something. Everybody has trauma. I can tell
you've got trauma too, Andrew. I know you've got trauma.
You know what? Can we talk about it? Why don't
you talk to your bot? Your bot can help you
with your trauma. Oh, I should. And it is such
an easy... almost socially accepted way to yell out your
anger in public and just, you know, transfer it onto
Trump. So all the things that happened to me, I'm
going to blame on Big Bad, Orange, Hitler. Yes. Because
he is the root of all of this. I was
happy until he got into office. Everything was fine. And
this theory is becoming clear to me as we've been
watching. I've said this a couple of times. We've been
watching the West Wing. iconic series from the late 90s,
early 2000s. Jed Bartlett, he's the Democrat president played by
Martin Sheen. And every single thing Trump does or says
is in this show, including to season five, episode four,
I think last night. Well, you know, Mr. President, you
can just run for a third term. Yeah, I think
I'll do that. You know, Trump says that everyone loses
their crap. But the thing is, Trump says all this
stuff out in the open. All of the things that
Trump is doing is in this series by a Democrat
president. Only it's not out there. You've got C.J. Craig
and she spins the message nicely to everybody and the
journalists go, OK, C.J., yeah, that's great. We'll write that
down. So I think I think it's just it's it's
it's a it's both sides right now. They hate Trump.
Let me tell you, I live in Fort Lauderdale is
a rather Republican town. I'm sure people hate Trump there
now. Well, they hate everybody. Right. So I hate everybody.
So the thing is that the thing is that Biden
is. You know, anything you may buy. Oh, my God.
He was like, he was a blithering idiot. I get
it. But, you know, you're still the Biden, the Biden,
the Biden, the Obama, the Obama, the dudes, enough. It's
do we have. And and my Democratic friends there, you
know, Trump, how do you live with this? Oh, my
God, end of the world. It's going to be this
horrible thing. It's going to clean up in two years,
maybe six, but two years. Ha, ha, ha. you know
but um and then from there we'll get somebody else
we all get to hate do you make that joke
to your democrat friends of course of course and they're
like they you see their face they're like they just
did it what what do you mean what do you
mean sex are you serious are you serious andrew come
on no right um and then you know the the
the best is i have a lot of friends that
have come from california They decide they want to live
on the east side, east coast. They want to be
in the water. They want to be in the boating.
And they get here. They didn't think clearly about where
they were moving. And now the whole time they're walking
around going, I don't want to talk about that. I
don't want to talk about that. You know, the whole
time. We have some of that in Fredericksburg. Yeah. A
lot of very wealthy people come to Fredericksburg, come to
live here, a nice little German town. And, of course,
you couldn't get much redder here. But now we have
Tallarico. Oh, well, he's a pastor. He's a pastor. So,
oh, Tallarico, that's great. No, it's just fantastic. I have
one question for you. You seem to have lost a
lot of weight recently. Yes. Are you on the fat
shot? Of course. Is everybody? No, but I work out
a lot. I do work out a lot. Yeah, sure.
I have a clip for you. Wait, what do you
mean you're sure? Yeah, sure. I know you, Andrew Horowitz.
By the way, you look great. You look great. Thank
you. And the GLP one, I'm sure, helped. I'm sure
you work out. How's your munisprence? My knee? Yeah, your
knee. I actually played Pickleball at my level last weekend
for two games and did well. Oh, good. So that's
good. It hurts like hell afterwards. But nonetheless, I did
play, and I'm able to do a lot. Today, I
did a lot of... I was in the gym and
I was jumping off things. to do impact training on
it. Oh, careful with that. Careful. All right. So here's
a clip for you, just because I love you. I
was at an event recently with all these people promoting
GLP-1s and there was a, I'm not going to name
names, but there was a major pharmacy person on the
panel, ran a big national pharmacy company. I think it
was the chief medical officer And I raise my hand
and I ask the question, what's the downside?
of, I mean, we're talking about all the upsides, what's
the downside? And, you know, he was very political in
his answer on stage because there was a lot of,
like, very famous, big-name people. But afterwards, he came up
to me and he said, Hey, listen, Dr. I really
appreciate the question, but let me tell you the answer
behind the scenes. I'm like, what's that? He goes, we
are seeing a lot of older people falling and having
injuries. And so what's being kind of hidden is older
people on GLP-1s are having more falls because they're losing
muscle. I want you to be careful because you're losing
muscle. No, I'm not losing muscle. That's the funny thing
you mentioned there. I am working out three days a
week. I've been doing so for two years hardcore. Yeah,
okay. My muscles are bigger than they've been. Actually, if
you want to flip over to this. McDonald's. Well, wait.
I want to tell you about the Christmas gift. I'm
sorry, the Hanukkah gift. Oh, you're getting me? The Hanukkah
gift, the Christmas gift, and the Hanukkah gift. Okay, go
ahead. Yeah, here it is. I've fallen, and I can't
get up. I'm getting you a life alert for Hanukkah.
That's good, and I'm going to get you the clapper.
All right. Clap on, clap off. McDonald's. Okay, McDonald's. Do
you need to set it up or are we good
to go? No, just start playing. We'll go from there.
McDonald's is launching a new plan to try to turn
around sagging sales. The mega restaurant chain shares it's investing
in new restaurant design, better tasting food, and improved service
from employees. To achieve that, the company is pouring in
$8.5 billion into its franchisees, which own most locations. The
most immediate change customers will likely notice is in customer
service and improved food quality. The chain is also rolling
out a training program for workers beginning next month. First
of all, it seems light. Seems light if they're going
to try to make that shit taste better. Eight and
a half billion. Okay, that's first of all. Okay. Okay?
But this is the McDonald's next strategy. Eight and a
half billion dollars sales are sagging, blaming it on lousy
tasting food, which, okay. I do like the chicken nuggets
every once in five years. And I think every two
years I have an order of french fries. Poor service.
The other thing that's interesting is they're creating AI-driven Arch
IQ. That's an operating system for the new kitchen layout.
Hello? Well, now to an unexpected side effect of the
growing popularity of weight loss drugs. They are not just
changing our waistlines. They're changing what we eat. One of
the world's biggest fast food chains has noticed that. McDonald's
says it's exploring new high-protein options aimed at customers taking
those GLP-1 drugs. Meg Oliver has more. Oh. The company
that once encouraged customers to go big is now exploring
downsizing with new menu options for GLP-1 users. Smaller portions,
fewer calories, and more protein. When people do go on
GLP-1s, they still crave our food. We're going to evolve
our menu to make sure it reflects where we think
it's going. that consumer is going to be looking for
in the future. The fast food giant says it's exploring
portion-flexible options and protein-led choices, with Bloomberg reporting those options
include a crispy chicken bowl, grilled chicken snack wraps, and
egg bites. Other major chains are already adapting. Chipotle is
promoting high-protein options. It calls GLP-1 friendly. Well, I got
a topper for you. Yeah. Because I have a report
from Reuters, and this is probably more interesting. Could I
get a Big Mac, please? I bought a Big Mac
from McDonald's here in New York City. Thank you. And
I'm sorry, it was how much? $7.17? Thanks. Just two
miles up the road at a different McDonald's owned by
the same franchisee, I paid 11% more. You said that
was $8.05? Okay. Franchisees have told us that increasingly where
you buy your Big Mac determines how much you're going
to pay for it. This is in large part because
of a massive AI project that McDonald's has developed and
pushed in recent years called the pricing engine. This AI
pricing engine generates what it calls the optimal price for
everything. every menu item at every restaurant. In large part,
based on what it estimates is the customer willingness to
pay. That's a term taken from McDonald's own documents that
I've been able to review. It analyzes millions of transactions
every day. This AI pricing engine also shows the prices
of nearby competitors at Burger King and at Wendy's, Chick-fil-A.
One extreme example can be found in Fresno, California, where
one McDonald's charges $569 for a Big Mac. But just
about two miles away, another location charges $6.89 for that
same Big Mac. I'm going to look into the future.
Okay. I'm going to tell you what's going to happen.
Okay. Your agent, your bot, let's just call it a
bot, I think bot is better, is going to negotiate
this for you. There's no stopping it. So we're going
to get back at the surge pricing as a flexible
pricing process. Yeah, your bot's going to say, hey, my
man here. By the way, it's in GLP-1, so I
need the special menu for the week. It's in the
back. He's losing muscle. Fatty at the front. So he's
losing muscle. But I'm only going to pay five bucks
for it. But he's going to have an order of
– he's going to bring the whole family. We take
five bucks and McDonald's is going to go, OK, yeah,
sure, I'll do that. This is inevitable. And it's going
to happen with Amazon. It's going to happen. And it's
going to be fantastic because we're going to have power
again. You watch. Yeah, but your stock portfolio will go
down. Well, no, because Robin Hood's going to save us.
Oh, yeah. We're going to tokenize. Tokenize my McDonald's burgers.
Tokenize your pickleball court is what we're going to do.
It's being – I was – this is anecdotal, but
I was – we ordered from Chipotle the other day.
We haven't in months and months and months for lunch.
I take a very long 15-minute lunch at my desk
every day. 15 minutes? Oh, man. That's literally – Your
client, Tina, says you should take it more easy. So
– We get Chipotle. We haven't gotten in a while
because it's been lousy and it's been like small orders.
Oh, really? It comes back to the office two days
ago. It was the biggest pile I've ever seen of
whatever is in there. Beans and rice and stuff smothered
in there. We couldn't even get the top on. And
I think what's going on is they're realizing that. They
would rather possibly overfill and do more to keep the
customer in versus turning them off so bad that they
never come in at all. Yeah, that's anecdotal. That's possible.
I mean, so I know that people are already using
Muse to arbitrage between Lyft and Uber. Love that. Why
that wasn't around before, by the way, I don't understand.
Well, here's the beauty of it, because right now, for
a limited time, I believe – It's because your phone
can actually communicate with the apps. So that comes back
to iOS and to Android, and these apps are already
all over your phone, you know, gathering information and spying
on you. So we'll be able to use this against
them. I think that overall this is going to lower
prices. It's going to make the billionaires less billionaire, somewhat
less well, less billionaire. And it's going to put power
back in the hands of the people. Well, it's going
to make AOC happy then. And you'll be able to
run your own stuff on your own machine, on your
own device. But you're thinking like you're agreeing with AOC.
No, no. What do you mean? It's going to vote
her out of office. That's what my bot's going to
do. No, no, it's actually going to do the inverse.
It's going to give the people more power. I would
agree if the masses have the ability to fight at
the level that we know Walmart. Walmart's an unbelievable store,
retail, etc. They are the technology powerhouse. They're doing a
lot, for sure. Same thing with McDonald's. All these companies
have adopted this many. Target. Yeah. Yeah. And we knew
surge pricing when Lyft and Uber first came out, you'd
get a – all of a sudden, it'd be $9.
You look somewhere else, you come back, it's $12. It
would go back and forth like that. It's inevitable. It's
just going to negotiate. It's going to negotiate. $12 now,
I'll wait an hour. Okay, I'll do it for $10.
Okay, they'll pick me up now. I found that reporter
very annoying. Andrew, is there anything else you wanted to
play before I kick you out of the studio? You
can go back to the green room. Whatever. Am I
going to the green room? Tea? Is there some more
peppermint tea? Yes, we have peppermint tea. And we have
pie. I think we have pie. Oh, that's good. I
have a few more clips, but it's okay. We can
stop there. We can do one more. It's okay. It's
okay. I mean, the most annoying weatherman in the world?
No, let's do that. Most... What is the... Oh, annoying
weather. Okay, here we go. Well, thanks for tuning in.
Talking about the long-term crisis, the potential precipitation over the
next five days. If and when we get started... Some
higher moisture to surge north. I'll be watching potentially later
portions of the week some threats of some heavier rain
with some locally higher amounts, too. For today, areas... far
southeast regional. We're kind of sandwiched in between a couple
of fronts. We still have that sluggish front near stationary
over the Bahamas, and one near the northern Florida state
line. Some showers and isolated thunder are possible today, but
the best chance of a thunderstorm is going to be
sandwiched well with the south around fall. I'll tell you
what I got out of that. nasal with a chance
of a sandwich. Andrew Horowitz, everybody. You can see him
on DHM Plug, the disciplined investor, which I think is
a very – I've always loved the disciplined investor. Oh,
that's great. We have some great guests on there, don't
we? You do. Some of the guests, I just want
to rip their throats out sometimes. Like, oh, he's just
a horrible person. And they're so haughty. You know, like,
oh, I don't know what I'm talking about. Yeah, I
don't watch the video version because I just look at
him and think, oh, man, GLP-1 is killing my friend.
Oh, gosh. I wish he was not on. That stuff
is no good. But I really appreciate having you on
the show. And now you need to have me on
one of your shows. Bring me on a Discipline Investor.
Of course. We will do so. I will tell everybody
about the future and why they can easily invest in
all of these wonderful companies. Right. And value for value.
What are you going to? Donation segment now? What are
you doing now? Yeah. You don't have to do that.
I'll do the donation. But have you seen the new
challenge coins? I have not. Oh, yeah. This is the
family has put together, with the help of Sir Paul
Couture, a John C. Dvorak commemorative challenge coin. I love
that. I think you can see it on noagendarrings.com. And
unlike the order of the ant pins, I think these
may not run out. I think we'll just keep it
going. for as long as we can. And Tino, she's
like, she hates my challenge coins. She's always in the
studio like, what are all these stupid challenge coins? You
don't do anything with them. It's just taking up space
with their little display cases. And she says, why don't
you just put them in a box? But this one,
she loves this. She's looking at all the little symbolism
on it. You know, it's got the Bakelite phone. It's
got all these different little things. cool little gimmicks on
the back. And of course, it's John with his iconic
salute on the front. It's beautiful. So they opened that
up, and so we have a lot of people to
thank who supported us for that. It's great. Best of
luck to you. Thank you so much for having me
on. I hope besides that first glitchy A clip to
the beginning was up to your standards. That was the
best part of the show. All right. I'll see you.
Listen, thank you for your courage and all the things
that you do in the morning, in the morning, in
the afternoon, and in the evening. All right, Andrew. Thank
you so much, brother. I appreciate you. Okay. Say hi
to Jill. Will do. Back to you. value for value
segment. in the vault You heard the show, you got
the goods, now here's the deal we made You send
the value back to us, give what you think we
raise. No ads, no suits, no agendas, just the producer's
hands. And now there's something in return to carry through
the lens. Hold up the... We'll be right back. Thank
you. We'll be right back. The John C. Double Rack
coin Polished up a stamp with Lorda, you can join
And some marching one by one to get more nations
proud Send in your value, get the coin and say
his name loud Go to DLORIFE. And I support the
show. And John, good morning. There you go. Thank you.
will be back in the seat and we'll have a
good time with him. He's chomping at the bit, I
should say. I want to thank people for doing certain
things such as, oh, I don't know, telling other people.
about the podcast. That always helps. We also have people
who like to do artwork for us and we had
one-shotted A lot of people emailed me about that. Hey,
man, it's J. Cal when he's talking gamer language and
he does it wrong. It's just it's completely wrong. It's
no good. But the art, which was the glass slab.
Now, this was 1907. The title was one shotted. But
the art was by Tyler Brown. Tyler Brown is just
knocking it out of the park these days. This was
the little muse thing, little muse goblet thing, whatever that
is, with the glass slab. It was just clean, beautiful,
very no agenda. Love what you did with the no
agenda font, how it kind of wraps around. Good job.
Let me just check and see if there's anything else
that I looked at. This has pretty much been me.
The guests don't hang around. Let me see. Oh, I
love another Tyler Brown. I love the Adam and Crazy
Curry and Horrible Horowitz I used for the batch signal
this morning. I had a couple of data center jokes.
No, really? I still have to laugh at that picture
of me and Brunetti, not with peptides. Whoa, that's bad.
But anyway, go to noagendaartgenerator.com. You can participate. It's very
easy to do. And appreciate all the help that you
give me. We have about 845 trolls in the troll
room. So we're still, Brunetti still brings them in. J.
Cal brings them in. Andrew, I think it's name recognition.
You know, he needs a little more name recognition. Thank
you, J. Cal, for getting me above 100,000 on the
show. On X, actually, let me give it another check
because I'm literally, I got, as we would say in
the old country, Hucka over to Sloat. I just have
my heels over the canal. Let me see. What is
my current count? Hold on a second. I am at...
1,036. So I'm just hanging on by my fingernails. But
he didn't get me there. That was surprising. Now we'll
see if it goes up or goes down from there.
So, thanking people for their treasure. We thank everybody, $50
and above. And as always, $300 or more gets you
an executive producer credit. Good anywhere executive producer credits are
recognized. Hollywood credits, you got it. Go to imdb.com. Just
type in no agenda. You'll see what I mean. So,
they are recognized. And $200 and above is an associate
executive producer credit and Of course, in both cases, I
will read your notes. The magic donation number for the
John C. Dvorak Challenge Coin, commemorative challenge coin, which someone
said it wasn't on the website yet. Let me just
check. Noagendadonations.com. I thought it was. Let me see. Is
it a newsletter? No, click on donate, maybe. I thought
Jay put it up there. Maybe I'm wrong. Maybe it
goes up today. But anyway, she put it in the
newsletter. And if you're not subscribed to the newsletter, please
do so. And you can see that beautiful challenge coin.
So the amount is $3.88.83. That is the 33s and
the Dvorak and the palindrome. It's all in there. The
family decided on that number, $3.88.83. And a lot of
people came in for it and added fees. And in
fact, Sir Baron John Helmer from Shawnee, Kansas sent in
four hundred and sixty seven dollars and twenty four cents
and says, Adam Dvorak family and guest host. Thank you
to everyone who has worked so hard figuring out what
no agenda should become going forward over the past three
months in J.C.D. past. I want to send my appreciation
to all those who have had a part in hosting
the show and those behind the scenes. My donation of
today, 38883 for the JCD Memorial Challenge coin, plus $55,
takes me to Viscount. And he wants a foamer. Listen
to that horn. And he says, thank you for your
courage. Hold on a second. And signs off. And thank
you for your courage. In the morning with OU, Sir
Baron John Helmer, soon to be Viscount from Shawnee, Texas.
Yes, indeed. Oh, my God. Listen. Then we have a
whole bunch of 388.83s with the fees, which turns out
to be $400.91. And not all of them have a
note, but we will mention them and thank them. Robert
Alter, Kyle Dugan, Patrick Cronin. Sir Psychopath, who says, Adam
ITM, thank you for your courage. He is Sir Psychopath,
Jonathan Keegan, Baron of Lake James, Charlotte, North Carolina. Sir
David Fugisato, he is the Archduke of... The American Heartland
and the Arabian Peninsula, I believe. He says, thank you
for your courage in 19 years. Gary Whitehead, Red Knight
Commodore Jason, RIPJCD from the Red Knights. Stephen Riley, RC
Mouse says, this donation puts me over the line in
becoming a knight. I will be Sir RC Mouse. I
just wish I did this before we lost the great
JCD. Sir Chris of Cascadia, RIP, JCD, No Jingles, No
Karma. Alex Boites, Boites, Boites, Donate, Donate, Donate. Listener and
three times donator since being hit in the mouth in
2017 have caught every episode since JCD was a light
that can never be extinguished. Adam, you carry that light
now. Keep up the fight, maggots. Donate. Nate, always. Michael
Wendell with the straight up 38883 Long Live JCD. The
Lopez's come in with the challenge coin donation. I'm still
missing John's voice, but we are blessed to continue hearing
you, Adam. Blessings to you and the Dvorak family. The
Lopez's in Wyoming, Michigan. Chris Ruddy, Rip JCD. Dan Bilthouse
comes in with 33333 and says, can you give me
a nice plug for my value for value game? Well,
we'll always do that for anything value for value. It
has ITM, JCD and Adam Curry modes and some other
nods to comedy, bang, bang and weird owl. It's auto
apexai.com, auto apexai.com, A-U-T-O-A-P-E-X-A-I.com. It's a dogs in space video
game with a global high scoreboard. It's called Future So
Bright, and the dogs in space have to get sunglasses
before they get sunburned. It's fun. Give it a go.
Please. Thank you. Maximum respect. Damn built house. Okay. I'll
jump on, see if I get a high score. Kurt
Butler from South Bend, Indiana, 333-33. I-T-M-A-C-C-R-A-P-J-C-D. Prayers. Oh, I
think he probably wants the prayers. I didn't realize that,
so we'll give you the prayers. You've got... Prayers. And
there's La Jolla Salt Corporation. They come in with $210.60.
Greetings, Adam. No agenda nation. If your skin is feeling
dry and needs a touch-up, why not soothe your exterior
with a sea salt scrub from lajollasalt.com? Try our two
new scents. Clark Mitcher and sushi with J-Cow. What? Exfoliate
in the essence of warm strobe waffle or wasabi, soy,
and maguro. Wow. That sounds like an interesting product. Now
that's savory. Karma to the producers and the practitioners of
the best podcasts in the universe. Keep calm and angel
on JCD. Thank you for your courage, people. Please donate
to the show. New sense not available in northern or
southern hemispheres. Oh, okay. Got you. Go podcasting. Well, thank
you all very much. And let me see. Where is
my? Here we go. We got a karma for you.
You've got karma. And once again, an associate executive producership
for La Jolla Salt Corporation. And one goes to Eli
the Coffee Guy as well from Bensonville, Illinois. 210 and
one penny. He always gives $200 plus the dates. 10-1.
It's October. No clue how we got here. It's been
a whirlwind year for so many reasons, he says. The
question is, will we receive an October surprise? Well, I'm
counting on it. You never know if they go live
with a six-week cycle scenario, but you can make your
own October surprise. Try our coffee and you'll be surprised
how damn good it is. Visit gigawattcoffeeroasters.com. Use code ITM20
for 20% off your order. Whatever you do, stay caffeinated,
says Eli the Coffee Guy. And it is indeed an
outstanding product endorsed by myself and John C. Dvorak for
its quality. And our final associate executive producer with $200,
Matthew Martel from Brumall, Pennsylvania. And he says he'd like
to nominate Linda Lupatkin for a co-host audition. And visit
martelhardware.com. Use coupon code KILLBOX. for an additional 10% off
your order. And he wants a JCD Hot Pockets. Happy
to oblige, of course. Hot pockets. And that concludes our
executive and associate executive producers for episode 1908. You know
the drill. If you want one of these coveted credits
and your note read for sure, go to noagendadonations.com. And
thank you for supporting No Agenda with your outstanding donations.
Our formula is this. We go out. We hit people
in the mouth. Yes! Whoa! Whoa! Order! Moving on with
the rest of our supporters, $50 or above, Sir Robertson
of Two Sticks in Dos Palos, California, $101.79. It's a
birthday donation, my annual donation for my birthday on October
1st. Thank you for your courage. You're on the list.
Peter Lachance, Oviedo, Florida, $101. God bless the greatest podcast
in the universe. I cried when I heard of John's
passing, but letting the dead mourn the dead. Love your
guest host, but love you more. And I mean it.
Shauna Norberg, Bellingham, Washington, 100. Her heart still hurts for
John, but I love the evolution of the show. She
says, still the best podcast in the universe. John Burrell,
Vista, California 100. And there is Sir Kevin McLaughlin, Archduke
of Luna, Love of America and Boobs with a boob
donation, $80.08. And he says, Love of America and Boobs.
We know it. Charles Tracy, Hickory, North Carolina, $63.25. And
Les Tarkowski comes in, as always, with the small boobs,
$60.06 from Kingman, Arizona. Sir Paul in Twickenham in Great
Britain, 55-55. He misses JCD, but love that no agenda
lives on, Sir Paul from Twickenham. Double nickels on the
dime from Sir Canebrake and Dame Tracy in Louisiana. Thank
you. Foster Birch, 5272 from New York, New York. John
Bassano in Madison, Alabama. 5272. Sir Luke Rayner from London
with 5151. Loving the competition amongst your co-hosts. Competition for
what? It's not an open audition. There's no gig. Glad
you're still here. Collective karma for all. Sir Luke Rayner,
the Duke of London and the Southeast. I'll give that
now, actually. Why not? you've got karma And we're at
the 50s. Joshua Johnson from Omaha, Nebraska. Terrence Clark from
Jacksonville Beach, Florida. Nathan Knoll from Nederland, Texas. Tony Lang
from Castle Pines, Colorado. And there's Linda Lupatkin from Castle
Rock, Colorado. And she, of course, is the Duchess of
Jobs and writer of resumes that gets results at ImageMakers,
Inc., www.inmanchiaacresinc.com. Daniel LaBoye with 50. Dame Rita Harrington. Dame
Rita from Sparks, Nevada. 50. ITM Curry and Dvorak families.
We always break for Dame Rita. We're listening and donating
to the Knowage and the show since 2021. I've reached
the status of Archduchess according to the period's chart. Wow.
Please, if I may, and you may, I'd like to
claim the title of Dame Rita, Archduchess of Northern Nevada
Basin and Range. I hear so by granted, Dame Rita.
We'll get to it in a moment. Aichi Katagawa is
in San Francisco, California, as always, with the $50 and
finishing up our list for today. Never under $50 for
reasons of anonymity, but we see you $49.99. Sir Michael
Snohomish, Washington. And that concludes all of our donors for
episode 1908. Thank you all so much. It is highly
appreciated by the Curry and Dvorak families. When you get
the value, send it back. We appreciate it. We also
share it with our guest hosts. And that's not just
in the green room with all the tasty snacks. Noagendadonations.com.
You can send any amount whenever you feel like you
got value. Send it back. to us, consider setting up
a recurring donation, any amount, any frequency. NoagendaDonations.com It's your
birthday, birthday On A couple on the list today, Sir
Robertson of Two Sticks, he celebrates today. Shayla wishes her
smoking hot, hot husband. Dwayne, a very happy one, he
turns 39 tomorrow. And Lynn Malinowski turned, well we don't
have a date for Lynn, but she celebrates on October
6th. Happy birthday from everybody here at the best podcast
in the universe. It's your birthday. Yeah! Oh, we have
title changes. Title changes. Turn and face. That's Stranger's Don't
want to be a douchebag. That's right, official changes. Sir
Baron John Helmer now becomes a Viscount, and Dame Rita,
as you just heard, now officially becomes Dame Rita, Archduchess
of Northern Nevada, Basin, and Range. Congratulations to you both,
and thank you very much for your never-ending and ongoing
support. Now, for the challenge coin... All these people will
get a credit, and I'm going to continue to do
that on the show notes. Thank you very much for
supporting the families here. Sir Baron John Helmer, Robert Alter,
Kyle Dugan, Patrick Cronin, Sir Psychopath, Sir David Fugisoto, Gary
Whitehead, Red Knight Commodore Jason, Stephen Riley, R.C. Maus. Sir
Chris of Cascadia, Alex Boites, Michael Wendell, the Lopez's and
Chris Ruddy. And we do have a knighting on deck.
Shayla sent in a note and says, hey there. I
wanted to give a birthday shout out to my smoking
hot husband, which we just did. Dwayne for his 39th
time around the sun on October 2nd. Can I please
give him? Oh, you want a biscuit for his birthday?
Yes. You got a biscuit for his birthday. Here we
go. They always give me a biscuit on my birthday.
I also realized in writing this that I forgot to
send a request to, for myself for damehood from a
while back would it be possible to give my husband
the knighthood instead of course I'd like to nominate him
as Sir Duane of the Porcelain Throne. We've been listening
to your show since before COVID and appreciate all you've
been doing to enforce critical thinking and primary sources when
dealing with the M5M. Please keep up all the hard
work. You guys are fantastic. Love from Shayla. Okay, Shayla,
so I have one blade that I'm bringing out for
your hobby. And of course we
have RC Mouse who needs to hop up on the
podium. So Dwayne, get up here and RC Mouse. Gentlemen,
thanks to a wonderful gifting and your own support of
the No Agenda Show in the amount of $1,000 or
more, I am very proud to pronounce the KD as...
Sir R.C. Maus and Sir Dwayne of the Porcelain Throne.
For you, we've got Hookers and Blow, Rent Boys and
Chardonnay. Along with that, we've got some root beer and
soft pretzels. We've got fish pie and fellatio. We have
pepperoni rolls and pale ales. Mastacholi and margaritas. Oh, my
favorite. Beer and blunts. Rubenes, Ruben and Rosé. Gashas and
Sake. Bacca Manila. Bong hits and bourbon. Souris. sparkling cider
and escorts, ginger ale and gerbils, breast milk and pablum,
and of course... Mutton and Mead, all to be found
at noagendarings.com and here at the roundtable. So head over
there, give us your ring size, which is easy to
do because we have a ring sizing guide there, perfect
for you. And let us know where to send it.
It is a beautiful signet ring. So, of course, it
comes with... The wax to seal your important correspondence with.
And also a certificate of authenticity. And congratulations. Welcome to
the roundtable of the No Agenda Knights and Names. No
Agenda Meetups. All right, we have a meetup taking place
today in Raleigh. It's the Rocktober meetup at 6 o'clock,
Saints and Scholars in Raleigh, North Carolina. Tomorrow, Saturday, actually,
we have the Midlands UK meetup, 8 a.m. Hello, a.m.
The pub will be open, I'm sure. Actually, it's not
going to be a pub. It's in Leicestershire. Lester, Lester,
I'm sorry, Lester, not Lester, sure, Lester. And you need
to contact Dr. B for information. So get on the
stick quickly because it's Saturday morning. What are they doing?
Will a pinata and a donkey be involved? Our next
show day, Sunday, the Indy No Agenda Tri-State Short and
Long Barrel Safety Meetup. Oh, sounds like some pew-pews. Two
o'clock. Oh, that is Dame Maria and Sir Mark of
the Greenwood organizing that. So you've got to go to
noagendameetups.com to RSVP. um that sounds like a hootenanny get
your guns out everybody i'm looking forward to a great
meetup report for that and for the rest of the
month october on the 9th los baños california the 10th
we've got three fort wayne indiana eagle idaho and soquel
california The 15th, Charlotte, North Carolina. The 16th, Scottsdale, Arizona.
The 17th, Long Beach, California. And, of course, Fredericksburg, Texas.
We hope you will join us at J6 or Jenny's
1776 bar. 21st, Orlando, Florida. The 24th, Los Altos, California.
And the 24th as well in Tilburg, the Netherlands. That
is just a smattering. of meetups that are available. If
you go to knowagenda.meetups.com, you can get all the information
there. It's free to go. It's free to start. There's
no requirements other than you go there, have a good
time, meet people, because these people, the people you meet
there, These will be connections that give you protection. They
will be your first responders in any emergency. NoagendaMeetups.com. If
you can't find one near you, start one yourself. It's
always easy and guaranteed a party. And I do have
an ISO for the end of show. I'm not going
to preview it for you because... Face it, it's just
an ISO for the end of the show. You'll like
it. Only one end of show mix. I made them
all myself today. Okay. because no one sent anything in.
I think people are sick of themselves making it. But
I had a lot of fun coming up with the
lyrics just to make everything go smoother. I'm sorry if
you hate it. Just fast forward. It won't hurt you.
I guarantee you it won't hurt you. Coming up next
on the No Agenda Stream, thank you, Sir Bemrose. We
get to do this. Episode number 52, which is titled
Doomerang. I think you'll enjoy that. I certainly enjoy doing
it with Pastor Jimmy, WGTDT.com, and... I will return on
Sunday with Sir Ducifer, Rob Dew. We'll be rocking and
rolling for you. We'll break down the crazy world around
you, deconstruct some media, and have a few laughs. Until
then, please remember us at noagendedonations.com. And remember... Adios mofos
And a hooey hooey And such