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Before

0:31

we get to the show, we have a favorite to ask.

0:34

What makes this show special is our dedicated

0:36

listeners like you. Isn't that sweet? Anyways,

0:39

That's

0:39

why we'd like your help planning for our future

0:41

by filling out a short survey. You can go to

0:43

the link in the show notes or directly to vox dot

0:45

com slash pod survey. We'd

0:48

really appreciate your feedback to help us understand

0:50

who's listening, what kind of content our audience

0:52

is looking for, and hopefully, how

0:54

we can reach even more fans. And also be

0:56

sure to say is new tune in as solely because of

0:58

Scott Galloway. Okay. Thank you very

1:00

much.

1:05

Hi,

1:05

everyone. This is Pivot from New York Magazine

1:07

in the vox media podcast network. I'm Kara

1:10

Swisher.

1:10

And I'm Scott Galloway.

1:12

And how is London doing? Is it cooling

1:14

down there in London? You know, cool.

1:16

Yeah.

1:16

It's sort of like a it

1:18

it's really a shit show here. They're

1:21

their cut taxes to try and stimulate

1:23

the economy. Meanwhile, they're about to go through their biggest

1:25

rate hike to try and slow down

1:27

the economy. It's like when I get as a cop and coke

1:29

and it's like, There's a copper texted

1:31

dog down, makes him a little more relaxed.

1:34

Uh-huh. But the coke the coke keeps

1:36

him awake so he can party with the young

1:38

people. But it's not a good idea.

1:40

you don't go up and down. Like, what they're doing

1:42

here makes no fucking

1:44

sense. Yeah. Let's trust could lose her

1:46

job, like, in fourteen seconds. Right?

1:48

With this little stunt, she's pulling this economic

1:50

stunt.

1:51

This is her legacy. No joke. This

1:53

is literally her legacy. No

1:55

leader of AG7 nation has fucked up

1:57

this fast. I know.

1:58

It's I think she's trying to

1:59

pull a market thatcher. Is she doing market

2:02

thatcher?

2:02

That's what it seems like. Well, that's the idea.

2:04

But the markets let me about this

2:06

last time, but the markets recognized that that didn't

2:08

work. Yeah. The markets were like, okay. It's

2:11

twenty twenty two -- Yeah. -- in the United

2:13

Kingdom. And it's

2:15

just it's striking me supposedly her

2:17

Yoda dinner or drinks to the guy

2:19

last night really impressed man named Roger Perry and

2:21

he said that her Yoda is a twenty six

2:23

year old kinda libertarian. I

2:26

mean, it's just striking how many people

2:28

find themselves at the right place at the wrong

2:30

time.

2:31

Oh, dear. Liz. Liz. You know,

2:33

Margaret Thatcher was the Iron Lady. She seems like the

2:35

aluminum lady. But Oh, that's a good

2:38

one. Thank you. You can please use it in the Can you think that

2:40

yourself? you no. I did. You should credit

2:42

the onion or someone snarky for saying

2:44

that. You go out at parties in London and

2:46

see how that and to let me know

2:47

how it goes. Hey. Oh, I listened to your podcast. by

2:49

the way. Sorry. No problem. did. Go ahead. Yeah.

2:51

Yeah. I really liked it. I think I think

2:54

I think working with some new formats. Well,

2:56

no. You know, just an outstanding

2:59

interview are incredible grace. And also, you

3:01

are you are okay too. I'm calling you nine

3:03

a sidekick from this point forward. I

3:05

love that you have a sidekick now. I know.

3:07

Well Oh my gosh. I'm your sidekick.

3:09

The student becomes the master's. Yeah. It's

3:11

gonna

3:11

be like all about Eve, and then I'll be dead and

3:14

some corners.

3:14

No. I enjoyed it, but I was more interested in

3:16

Chris Cuomo. Yeah. That was I think

3:18

he's really he was good. He's very

3:20

likable. I feel I I feel he's in a

3:22

state of denial about what I think many people

3:25

felt that. Yeah. And so, boss, and

3:27

here's the thing, the most powerful

3:29

thing, one of the wonderful things about species

3:31

is we cannot only apologize, but people can

3:33

forgive. People love to forgive. Here's

3:35

I'm so likeable. I'm so good. They didn't

3:37

really ask for yeah. They made me do

3:39

it. But They

3:40

made me do. This is this is where he's

3:42

poorly advised. Yeah. If he had just

3:44

said something along the lines of, I

3:46

made a mistake. Family family

3:50

can make you take a mistake

3:52

and turn it into something really stupid.

3:54

Yeah. And I'm guilty of that. And I apologize.

3:57

And it won't happen again. And I apologize. he

3:59

didn't say that. He kinda twisted it like,

4:01

no. This was what you don't understand.

4:04

I think he's been poorly advised because he's

4:06

so likable. He and I think in a broadcaster.

4:09

And I think an injury around something

4:11

involving family. I think people want to forgive

4:13

you for that. Yeah. But but

4:15

what people get angry about? Martha Stewart didn't

4:17

go to prison for insider trading. Yeah. She went

4:19

to prison for refusing to acknowledge the issue.

4:22

Yep. And -- Yep. -- and one of the

4:24

things, the crisis management is

4:26

all the same thing. It's all the same thing.

4:28

It's one, acknowledge the issue.

4:31

Yeah. Two take responsibility for it and

4:33

three overcorrect. Yeah. It

4:35

is it is Yeah. I was surprised. tried and true.

4:37

I was surprised. And and then, of course, he was

4:39

surprised that I threw

4:40

Jeffrey Swisher under the bus. He

4:41

goes, wouldn't you do the same for your brother? I'm like, absolutely

4:44

not. Not if you did something like that, my

4:46

friend. It was he was thinking I was gonna

4:49

say. And as an a different

4:51

Italian family, I'd be like, Jeff would be

4:53

out the door. I would I'll call him and make sure

4:55

he's okay personally. but to help him and advise

4:57

him, are you kidding me? No way. Anyway,

4:59

it was interesting. He wasn't expecting that.

5:01

Nobody expects the Cara inquisition.

5:03

But it was a good interview. It's getting a lot of buzz.

5:06

Today

5:06

is Hillary Clinton. We're doing some

5:08

others. You'll see this week some really good

5:10

ones coming up.

5:11

Secretary Clinton. Yeah. secretary

5:13

Clinton, she

5:14

was sassy as can be. But anyway, hurricane Ian

5:16

hit Florida on Wednesday as a category

5:18

four storm and weekend to tropical storm

5:20

by Thursday morning. Two point five

5:22

million people are without power as of Thursday

5:24

morning. Local authorities have said that

5:26

hundreds that are feared to have died in the

5:28

storm. PORTORICO'S STILL RECOVERING

5:31

FROM THE ONA. THE BID DEMONSTRATION

5:33

WAVE THE JOHNS Act AND ALLOWED MORE FUEL Imports.

5:35

HE'S BEEN VERY PROACTIVE

5:37

AND DASANTAS SAID It's actual

5:39

he's actually being nice. What a twit?

5:42

He's like a rich kid who just like I

5:44

I don't know. Just he's being a twit about it. Anyway,

5:46

They're

5:46

cooperating with each other, and he did it right away.

5:48

Can you imagine if Trump was running this show, there'd

5:51

be a sharpie in different barriers in sundry.

5:54

games with DeSantis that that

5:56

kinda sucks. We're just look, we're gonna have more

5:58

and more of this. Yeah. We're gonna have more

5:59

and more climate change, you know, seven

6:02

of the ten biggest supervisors in history

6:04

-- Yeah. -- in California, it's happened in the last

6:06

ten years. We're having hurricanes. Hurricanes are getting

6:08

more severe. I think it's terrible. I think the

6:10

government was smart to issue a

6:12

state of emergency. Right. In the back half of the year? That is

6:14

kind of one of the few places. It seems like

6:16

the federal and local governments do still cooperate.

6:19

they do. But Biden passed

6:21

the climate package that's gonna take carbon

6:23

down forty percent by twenty thirty, and

6:25

we're just gonna have fewer hopefully of these

6:27

things. I mean, this is I don't know.

6:30

These these extreme weather

6:33

events, there's a reason they're happening

6:35

more and more often.

6:37

Yeah.

6:37

Yeah. Well, we'll see. Florida is

6:40

Florida is gonna get hit by more hurricanes.

6:42

I think we're in the season and then California

6:44

with wildfires. But the Midwest hasn't been spared.

6:46

There's all kinds of areas. So in any case,

6:48

we hope the people of Florida are doing well

6:50

and and that they'll recover quickly

6:53

from this and not have another

6:54

one come anytime soon. Did

6:56

you know September, this is a phenomenon?

6:59

September is the most beautiful place in the world,

7:01

almost everywhere, except Florida. Florida.

7:03

Yeah. That's fine. Yeah. September is wonderful.

7:06

Think think about it. I don't care if you're Seattle and Barcelona.

7:08

September is fantastic, but not in

7:11

Florida. Yeah. my favorite time

7:12

in San Francisco. Yeah. Your calls are

7:14

fine. Anyway, today, we'll talk about Apple

7:16

struggles with the new iPhone. Also, Oprah

7:19

and Apple TV call it quits. We'll hear

7:21

from listener about TikTok. But

7:23

first major advertisers are pulling their ads from

7:25

Twitter. This was quite a story because it's from Reuters

7:27

of child sexual material in the form Mazda

7:29

Forbes and others have removed their ads from parts

7:31

of Twitter after their promotions were shown alongside

7:34

tweets soliciting, child sexual material.

7:36

The verge reported on Twitter's challenges and identifying

7:38

child abuse content in August. This is just

7:41

more of the same, sloppily managed,

7:43

really, since the get go.

7:44

ad supported platforms that

7:46

are algorithmically driven, which

7:48

were the big innovation

7:50

there was that you could serve ads without

7:53

human intervention. Mhmm. And it ends

7:55

up that's bad --

7:57

Yeah. -- that, you know, when if

7:59

if someone tries to advertise something

8:01

really, really just tasteful or wrong

8:04

on CNN. Somebody sees it and

8:06

stops it. A hundred percent. Yeah. And

8:08

when you you know, these platforms were meant

8:10

to be you know, no friction, no people,

8:12

no discretion. Yeah. And you pay a huge

8:14

price for that. And whether it's misinformation or

8:17

whether that's type of thing. And it just I think

8:19

there's further buttresses what

8:21

Twitter and Jack Dorsey have failed

8:23

to do for a decade. This should not be an ad supported

8:25

platform. It should be run sharper than this. You

8:27

know what I mean? It feels like this is sort of

8:30

easy thing. Well, what what this process

8:32

is basically highlighted

8:34

-- Yep. -- is that it hurts a company.

8:36

to not have a CEO for a decade? It

8:39

does. They didn't have a CEO. Yeah.

8:41

And it was even worse than not having a CEO

8:43

because they would occasionally incorporate

8:45

him into decision making, and no decision

8:47

would get made. Yeah.

8:48

I used to get I used to make fun of

8:50

you for saying this, but I I think you're right about

8:52

right now. point. Is so many things

8:54

have been revealed about what happens

8:56

to a company when it when it has

8:59

absentee leadership? it just and

9:02

no decisions are made. Yeah. What

9:04

what has Twitter done that's been in it? Like,

9:06

a blue check? Like, what have they done?

9:08

In other Twitter news, by the way, Moore's gonna

9:10

come out depositions from Elon Musk and Twitter's

9:12

CEO, Parag Agarwal, have been delayed.

9:14

Everyone will such delay his to later this week,

9:16

and Elon wants to take is typically somewhere

9:19

other than Delaware. I think somewhere other than

9:21

Delaware is a very good name

9:23

for a band. It's just winning

9:25

its way to the thing. No matter what they do to

9:27

delay. This is where it's headed, essentially,

9:29

to the end. But

9:30

it'll show a lot of stuff off. He'd like to

9:32

take this thing to Mars right now. He's gonna do anything

9:34

to delay. Also, did you I just

9:37

saw a story about before we came in there saying that he's

9:39

been caught the leading text messages regarding

9:41

the case. Oh, dear. Well, I could see him

9:43

doing that.

9:43

They'll still find them. Yeah.

9:45

Yeah. I agree. In any

9:46

case, one of the things, I have a feeling they're gonna

9:48

settle you. I think you're right. I just had a feeling as

9:50

I was I was on the train. I was like, think they're

9:53

gonna I was talking about us doing

9:55

this cross promotional thing between my new

9:57

podcast and Progy and

9:59

everything else. And

9:59

we're gonna do a lot of coverage of

10:02

the of the trial. in mid October

10:04

I think October seventeenth time period.

10:07

And for some reason, I just thought, oh,

10:09

I think they're gonna

10:09

settle before that. I just

10:11

think we're not gonna do our

10:12

cross promotional shows, you

10:15

know.

10:16

The problem is the delta

10:18

between what I think Twitter should settle

10:20

for, and what he's probably willing to settle

10:22

for is just enormous. This they've

10:25

got this guy dead to rights, and it's gonna be

10:27

a lot of money. Yeah. Anyways, the headline

10:29

in the article is Elon Musk caught deleting messages

10:31

about the Twitter deal. Elon Musk uses

10:34

Signal, the encrypted messaging app that can automatically

10:36

destroy messages. Yeah. With the injury and

10:38

there were some with Andres. Right. So maybe you didn't

10:40

delete them. Maybe this automatically deleted, and took

10:42

it to signal. And there's been a bunch

10:44

it's really not an interesting concept. A bunch

10:47

of bulge bracket investment banks are in

10:49

trouble because our employees took a lot of

10:51

their messaging to these

10:53

platforms that were encrypted, which are not

10:55

posted it. Don't they know? You're supposed to use

10:57

burner phones. I don't understand these people.

11:00

You love the burner phone. I love a burner. I always have

11:02

a burner phone. I have them. It's over TikTok. I

11:04

have a TikTok microphone as you know.

11:06

Also, the news this week, let's talk about Italy's

11:09

move to the far right, Georgia Maloney,

11:11

who I like to call Musselina, a

11:13

member of the brothers of the Italy party.

11:15

Why do they have these names? Will be Italy's first

11:17

female prime minister, Maloney, has displayed

11:19

extreme points of views such as saying the following

11:21

during a speech in June, yes to natural

11:24

families, no to LGBT lobby, yes

11:26

to sexual identity, no to gender ideology,

11:28

yes to culture of life, no to the abyss

11:30

of death, She also used word financial

11:32

speculators, which Mussolini used to love to use

11:35

to refer to. Jewish people, she, of course,

11:37

was just using it. It was definitely a

11:40

dog whistle US politicians such as Ted

11:42

Cruz have called Maloney spectacular. Anyway,

11:45

good for her. What do you think?

11:47

I think this is a bigger discussion in

11:49

that -- Yeah. -- the sweetheart. There have always been

11:51

there was a women have always we don't like to talk about

11:53

it because we like to assume that everything any woman does

11:55

is, like,

11:56

you know, benign and noble. Greet.

11:59

And what

11:59

you have here

12:02

is the weaponization a femininity.

12:04

The weaponization of women as a gender,

12:06

and that is -- Yeah. -- Hillary

12:07

Clinton accidentally comes out and says, it's

12:09

great to see a female leader not having done her homework.

12:12

Yeah. This this woman is

12:14

terrible for women. Yep. She

12:16

is not only anti immigrant. She wants to

12:19

deny women of their reproductive rights.

12:21

She wants to fascism is basically

12:23

you endorse violence against

12:26

immigrants. What you have is

12:28

you know, her her less polished and

12:31

the intercept big gray piece on this, far right

12:33

counterparts

12:34

in the US Congress such as Marjorie

12:36

Taylor Green and Lorraine Beaubert among others,

12:39

They weaponize their roles as women. Mhmm.

12:41

And they basically say that immigrants are

12:43

importing sexual violence. Yeah. And

12:45

no one can it immediately stops the conversation

12:48

and scares the shit out of everybody. Yeah. Yeah. And I

12:50

don't care if it was the KKK. I don't

12:52

there's always been make

12:55

a shift for this. Why women have always played

12:57

a key role

12:58

in the advancement of these terrible,

13:01

and

13:01

it's not we

13:03

have to we have to evaluate people

13:05

based on their views. That's correct.

13:07

I I tend I tend to agree with you here.

13:09

I'm sure, Kelly. Perfect. And just because

13:11

she's a woman, doesn't mean she's not hateful against

13:14

LGBTQ people.

13:15

Yeah. So they'll see immigrants. and also

13:18

Jewish people apparently. In a woman,

13:20

she wants to stick women in the home and take

13:23

away the rights. So Right. Who gives a shit

13:25

that she's got indoor plumbing. She's terrible

13:27

for women. She's a fascist. Did

13:29

you say indoor plumbing? She's

13:32

a fascist. Wow. People people

13:34

immediately need Dirk and say, oh, isn't it wonderful?

13:37

No. Do we have a female leader? No. We it's

13:39

not wonderful. No.

13:40

Anyone who Anyone who destroys

13:43

the rights of our mothers and our sisters and

13:45

female immigrants is a threat. Yep. This

13:47

is very disciplined online. I would agree.

13:49

And I'm I it'd be interesting.

13:50

The only saving grace here is

13:53

that Italy changes

13:53

its government every five minutes. The

13:56

last government It's a fair point. ran

13:58

you know, she could run right into a wall. Same thing

13:59

with his dress. Same thing with Sweden.

14:02

They they also elected a a far

14:04

a more right wing group of people are shocking,

14:06

I think, for a lot of people there. We'll

14:08

see. It's interesting because they're sort of behind the

14:10

US and Brazil, and it looks like Bolsonaro

14:12

is on his way out or could be. let's see,

14:14

tries to pull the Trump essentially. She

14:17

has the support of Sylvia Burlesconi.

14:19

So until she loses that, I suspect

14:21

she's gonna be they they love him. That that

14:23

him and and he's had he's the original

14:25

Trump like character. Anyway, speaking of women

14:27

of the far right, Marjorie Taylor Green is getting

14:29

divorced. She's on the market, boys. So

14:32

there you have it. Her husband filed a

14:34

petition citing irate irretrievally broken

14:36

marriage.

14:36

You know, here's another person that goes

14:38

on about families. shows it down

14:40

people's throat. And, you know, getting

14:42

divorced is a sad thing. I've been divorced,

14:44

and I think you have to. And

14:48

these people, like, tout family and try to

14:50

really shove it down your throat. And they have problems

14:52

just like everybody else, you know. And, of course, they

14:54

make excuses for it, but and

14:56

they say the matter is private and personal.

14:58

When they're always telling other people how to live, I

15:00

find it. They they are so

15:02

so judgmental until it comes to themselves,

15:04

and then

15:04

they want you to not speak about it. Now, I'm

15:06

sorry she's getting divorced, I guess. I don't

15:08

really care in

15:09

any way whatsoever. I more think

15:11

it's sad. It was Mackenzie Bayzos who has filed for

15:13

divorce from

15:13

her second husband and it was a science teacher who was helping

15:16

her with philanthropy. You

15:17

know, Mackenzie Scott for me is a hero.

15:19

Yep. And I I you know, when I heard about it,

15:21

I was sad because I just I just think the world

15:23

of Mackenzie Scott -- Yeah. -- I've been involved

15:26

in in charity called, and I think I mentioned

15:28

this earlier in the year. The Jet Foundation, they

15:30

had focused us on teen depression, and this is how

15:33

McKinsey Bezos rolls. she

15:35

had done research on the organization without

15:37

us knowing. That's her MO. And then we got an email.

15:39

When I say we, I shouldn't say we, I support

15:42

I support the organization. I can't take credit for

15:44

anything that on the

15:46

CEO of the of the John McPhee

15:48

of the organization. And this is a wonderful

15:50

organization. I got an email

15:52

saying, We need your wiring information.

15:54

We're sending fifteen million dollars. Whoa.

15:57

That's significant. Yo,

15:59

you think? What was the budget? Oh, the

16:01

budget is well over a hundred million. Jed Foundation

16:03

works with the infrastructure of high schools and colleges.

16:05

That's big check. It changes everything.

16:08

it changes everything. All of a sudden, we can implement

16:10

new programs to educate, especially

16:12

at risk youth from disenfranchised

16:15

communities through schools. Schools are dying for

16:17

this information and education materials. This

16:19

will save lives. This will save hard excuse

16:22

me. So the idea of an organization leveraging

16:24

the existing infrastructure of high schools and colleges

16:26

to help identify and discern between

16:28

what is kind of what you call normal,

16:31

abnormal teen behavior and a team

16:33

really might hurt themselves. and

16:35

but back to Mackenzie Scott, you

16:37

know, she I think she has she has totally

16:40

inspired people to rethink

16:42

what it means, what giving me.

16:44

And we It's not a yeah.

16:45

And it's not a transaction. Yeah.

16:47

It's not I need my name on something.

16:49

I need to pretend I understand education or

16:51

homelessness because I'm giving you money and you have to

16:54

listen to me. It's about true giving.

16:56

Nothing in in return. Anyways

16:58

I think,

16:59

you know, what's interesting? There there's a juxtaposition

17:01

between them because I think through what she's doing, she

17:03

will have much more impact than these

17:05

loud mouths, Maloney,

17:06

or or

17:08

green. I think they will be faded into the

17:10

background and her the impact of her

17:12

giving will be so much more significant.

17:14

And it's not because she's

17:16

she's liberal for sure, but she's making

17:18

significant investments in

17:20

all kinds of social justice stuff, in

17:22

helping people all across the board.

17:24

It's really it'll benefit everybody in this

17:26

world. her quietness in contrast

17:29

to their loud mouth array is really quite

17:31

astonishing as far as I'm

17:32

concerned. Okay. Let's get

17:34

to our first big story.

17:40

Apple scaled back plans for iPhone production.

17:42

This was interesting this week by six million

17:44

units shares of Apple and suppliers dropped

17:46

on the news. One analyst called weak demand in Europe

17:49

and China, but other issues could be a play.

17:51

What do you think? Why does it say, I'm actually

17:53

going in Sunday to get my Alex needs

17:55

hasn't upgraded in a while, and we have that yearly upgrade,

17:57

but he hasn't even done it in a couple years. So

17:59

we are getting one for him. But why

18:01

do you think this is happening? The Nasdaq is down.

18:04

Obviously, Apple shares are down.

18:06

There's still a continuing cratering of the tech

18:08

economy, SoftBank announced layoffs if it's

18:10

tech heavy vision fund, but that's largely because they made

18:12

shitty investments all over the map when it was everything

18:14

was going well. But what do you think is happening

18:17

here?

18:17

I think it's just a natural cyclical

18:20

downturn. Basically, Apple is to

18:22

a certain extent a proxy on the wealthiest billion

18:24

people in the world. And the wealthiest

18:26

billion people in the world have done better than

18:28

any cohort, have done better than any

18:30

other billion people on the planet. And so,

18:33

and Apple's been probably the

18:35

biggest beneficiary of that. It just so elegantly

18:37

caters to group of people who wanna say we're

18:39

better storytellers. I'll pay twelve hundred dollars

18:41

for five fifty dollars chipsets and

18:43

sensors. Mhmm. It makes them more attractive.

18:45

It's a better product. But with

18:48

all the interest rate hikes, with the market taking

18:50

a little bit of a check back, just think it's sort

18:52

of logical or kind of understandable --

18:54

Yeah. -- that their sales would have a little bit of

18:56

a slowdown. But I I just don't see They're

18:59

also very smart at pulling back quickly.

19:01

One of the things they're Well, they've got they've got just such

19:03

an incredible supply chain. Yeah. You know,

19:05

I think I think what's more interesting is they've decided

19:07

to increase production out of India.

19:10

They're trying to diversify away from China. Absolutely.

19:12

On the supply side. But

19:14

what is this? if if the stock

19:16

goes down quite frankly, it's probably buying opportunity.

19:18

I mean, the company, you

19:20

know, one one iPhone fourteen

19:22

slowdown does not make a structural decline

19:24

in this company. And again, sample

19:27

size one,

19:28

London or

19:30

London, I guess, is sort of its own island in

19:32

the UK. But the UK is staring

19:35

down a pretty obvious recession and some economic

19:37

difficulty. Mhmm. You could barely get in the

19:39

Apple store. So I don't

19:41

know. I just You know,

19:42

just people don't realize. You said it's just

19:44

for the higher end, but laptops, iPhones are

19:46

the most popular handset in America right

19:48

now. If fifth past fifty percent. It's a big

19:50

deal over Android. We talked about that recently.

19:53

Amazing. You know, some people think it's because it's

19:55

not upgradable enough. I don't think so. I do think people

19:58

don't upgrade with this like, I do.

20:00

I, like, get the newest one period. Yeah. But,

20:02

like, I know my kids were, like, mine is fine.

20:05

Amanda has one. I don't know. seven iPhones

20:07

ago, and she's like, it's fine. And I'm and I I think

20:09

I'm finally convinced to get a new one. But

20:11

I think a lot of people are perfectly fine. They

20:13

work really well. These iPhones and can last

20:16

over several periods. On this Sunday,

20:18

I'm bringing in a lot of Apple products,

20:20

lot of specialty computers that I've saved over the

20:22

years to have them recycled. I'm I'm meeting

20:24

someone to recycle all my things. I

20:26

have a really robust recycling program, and

20:29

then I'm gonna get a tiny bit of money for that.

20:31

I'm sure and then that's -- Mhmm. -- we're gonna buy something,

20:33

of course, with the money. But No. I love I love

20:35

virtue signaling parties like that. But anyways

20:37

Interesting. Russia's trying to get

20:39

the iPhone to come in and Apple's pulled out of

20:41

Russia in March. I don't think it's an enormous market

20:43

for them.

20:44

What's really interesting, I was struck by Amazon

20:46

rolling out a bunch of new hardware and unveiled

20:48

nearly a dozen

20:48

new product or new products, including

20:50

TVs, a kindle, another kindle, a smart speaker

20:53

and interconnect connected camera for

20:55

Ring, and they also premiered its new reality

20:57

show Ring Nation, which is it's

21:00

mostly from smartphones and Gopro's, but the

21:02

idea of, like, cameras that

21:04

I have a I do have a ring at home. I think

21:06

in San Francisco, I put one in for the tenants.

21:08

And I have to say, they're they're riveting

21:11

to watch the stuff that's on there that gets

21:13

the people post and things like that, and now it's a

21:15

TV show. But Amazon's really

21:17

moving forward with hardware, which I thought was

21:19

interesting. Yeah.

21:20

They're they're investing just

21:23

as I mean,

21:24

it's a tale of two cities. With Facebook,

21:26

they're investing on the oculus, which I

21:28

think is the biggest that ever I've read

21:30

somewhere. that Facebook is

21:32

probably or Matt is gonna probably invest

21:34

sixty or seventy billion dollars in

21:37

their metaverse activities over the next several years.

21:39

Yep. He loves this thing. Amazon got

21:41

behind what I think is kind of arguably

21:43

the premier technology the next ten years. I don't think

21:45

it's a hi. I think it's voice. Yeah.

21:47

And when you think about making people's

21:49

lives easier -- The echo. -- well, when you

21:51

move into a new house, what you realized

21:54

between trying to figure out delights

21:55

on how to operate a TV, which

21:57

is now like trying to operate a power thirteen

21:59

after you've aborted your your moon landing.

22:02

And just and then every once in a while,

22:05

and and to be fair, Comcast, I think,

22:07

has done a great job with this technology. To

22:09

be able to say, fine Ted Lasso.

22:12

And then, occasionally, the TV just brings it up.

22:14

You're like, Jesus. This is powerful. Yeah.

22:16

And my kids are so comfortable with voice

22:18

now. They when they're doing the homework, can ask question,

22:21

I'll just look up. I'll just look up

22:23

and say, you know, when's Arsenal Liverpool plan this

22:25

weekend and he just without even lifting his head,

22:27

he goes, Alexa one is Arsenal

22:29

Liverpool playing. They're getting

22:31

trained on voice technology. Yeah. But

22:33

it's more it's

22:34

more of an ecosystem too, a product

22:36

because I, you know, I was thinking I have a

22:38

nest and I like it, but I wish

22:40

everything all worked together

22:41

in a lot of ways. And that's what Amazon's trying

22:43

to do with the ring, the room, but

22:45

if that thing goes through, I probably

22:47

would buy an Amazon thing. I just got

22:49

a message for them for pharmacy, a

22:51

very you know, they are really pushing that very

22:53

hard, and I thought about it. I was like, well, it They

22:55

do deliver a lot of things here. So

22:57

getting in an ecosystem I'm definitely in an Apple

23:00

ecosystem. Not so much in Google

23:02

One. a little bit in

23:03

a Comcast one. I have a ring and

23:05

something very strange happened to me the other night.

23:07

Yeah. It went off, and I merely

23:10

went to my ring app to see what was out there.

23:12

And I saw like this kind of weird shadow, but

23:14

nothing. And I'm like, oh, fuck. Moves to London,

23:16

buys a house of time. Yeah. I was gonna

23:19

I literally couldn't sleep. I'm like, I kept

23:21

playing it over and over, and you could see this little, like,

23:23

shadow ring my doorbell and then

23:25

and the go to the attic where it will haunt me for the

23:27

rest of eternity. You do have ghosts.

23:29

Just like a Jack, the Ripper ghost, or something like

23:32

that. Oh, thank you. That's comforting. Thank you.

23:34

It's never like a ghost that wants to perform

23:36

oral sex on you. It's always ghost that wants

23:38

to, like

23:39

Well, he only killed women,

23:42

prostitutes.

23:42

I think you're well mixed. Well, that's good to know.

23:44

Yeah. Yeah. Well, by the way, speaking of killing killing

23:47

people, the the New Jeffrey Dahmer thing. Yeah.

23:49

We're gonna talk about that in a second. you get

23:51

it back You know what they would call people who would try

23:53

and run from him? What? Fast food.

23:55

Fast food. Fast food. Alright. We're gonna

23:57

get to in a minute. You know, he had Ted Bundy

23:59

over,

23:59

and they would have Ben and Jerry's.

24:02

I got it. I got it. Okay. I'll we'll

24:04

start it. We'll save it. Save it. When

24:06

we come back, we'll talk about a big loss for Apple

24:08

TV and take a listen and also about

24:10

this Jeffrey Dahmer thing on on Netflix

24:12

and take a listener

24:12

mail question about TikTok.

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Fold four.

25:19

Scott, we're back for our second big story.

25:21

First, we'll get to Jeffrey Dahmer, but Oprah and

25:23

Apple TV are

25:24

cutting the cord. The two parties abruptly

25:27

ended an overall deal this week.

25:29

Back in two thousand eighteen, Oprah signed on

25:31

to produce original content for Apple.

25:34

It was hard because she could produce it for everybody else.

25:36

She made stuff for CBS, like her high profile

25:38

interview with Harry and Meghan. She

25:40

she had a cable network and to deal

25:42

with Discovery. She even appeared with David

25:44

Zazante, if you recall when he when he first

25:46

came in. They're gonna work project

25:48

to project. What it's just they let her do

25:50

whatever they want. They just wanted the name for press these

25:53

press release names, you know, these expensive

25:55

and handed her a whole bunch of money, but

25:57

other streamers are also pulling back Netflix

25:59

canceled on Meghan and Markle's animated series

26:02

and and cut back there. So do you think

26:04

about these streaming mega deals? They don't

26:06

really need. They've done better with stuff like Ted

26:08

Lasso and Severance. So

26:10

what do you think? usually don't work. And I

26:12

was trying to I was thinking about and

26:14

I gotta come up with a better term, but the power of

26:16

the pause. And that is the Queen dies,

26:18

and it gives all of these nations

26:21

that are part of the empire or whatever

26:23

you call it part of the monarchy, an opportunity

26:25

to pause and reevaluate the relationship. Whenever

26:27

you raise prices, or you go through a

26:29

pandemic or an economic shock, it gives

26:31

everyone an opportunity to pause and reevaluate

26:33

the relationship. And whenever these big

26:35

iconic stars switch platforms,

26:38

Yeah. It gives you an opportunity to pause and decide

26:40

if you really wanna watch this stuff. And what

26:42

usually happens is that

26:44

when you have the magic and mystery, and

26:47

the alchemy come together of a

26:49

talent and a platform and a moment.

26:52

It's not a given that when you take Megyn

26:54

Kelly off the Fox, she's gonna work somewhere

26:56

else. Yeah. It's it's not a given

26:58

when you take Oprah off of her show and

27:01

and lose that following. What she does next

27:03

is gonna work. Well, Other things worked elsewhere

27:05

for her.

27:06

She had she could go anywhere she wanted, and they

27:08

still gave her a deal, which

27:09

was incredible. Well, go ahead. Yeah. But I

27:12

we talked little bit about this. I was thinking about your

27:14

conference. Right? Mhmm. You had the fastest tortoise.

27:16

Yeah. I think that's sort of long form

27:18

one on one interview that Oprah does. Yeah.

27:21

I wonder if the sun has passed midday on it just

27:23

because people don't have the attention span or the people

27:25

that advertisers wanna reach. I don't

27:27

agree. Said number seven on

27:29

top overall shows. That's a fair

27:32

point. A year and people's years. Yes.

27:33

Although we've added stuff to it, we've changed

27:35

it. There's discussion with Naima. There's all kinds

27:38

of stuff in there. there's the interview at the heart

27:40

of it, but we've moved we've definitely it's

27:42

no longer just long interview for sure.

27:44

But she's making other things. She's not just done

27:46

these interviews. She does all kinds of Like

27:48

This is the deal. You have to look at okay.

27:50

Another one. The Obamas. I get the feeling Yeah.

27:53

Here here's what it is. It's an economic decision

27:55

and More the celebrity ones. Yeah. But

27:57

go ahead. That's right. Meghan and Harry,

27:59

the Obama's

27:59

Oprah. My guess is,

28:02

what they're doing, except for Meghan and Harry,

28:04

is really good work, and it's not worth what they

28:06

had to pay them. Yeah.

28:07

And so it's just a business decision.

28:09

think if they were paying Mike, I can't even

28:11

imagine how much money they had to give to

28:14

Oprah. for her to sit around and

28:16

think of interesting ideas. And I'm sure

28:18

the work is good and some analysts

28:20

are This is costing

28:22

way too much. Yeah. And But this

28:24

is part of what

28:25

this really signals in the macro environment

28:28

is

28:28

that every platform has got their

28:30

pencils out for the first time in a while. Yep.

28:32

They're going, you know, we just can't

28:34

continue to spend the way we've been spending. Yeah.

28:37

But it's good for the beginning to get it to interest

28:39

in it. It showed a little bit of, like, a stamp of

28:41

a oprah stamp of approval, all these things to

28:43

do these splash sheet press release deals.

28:45

And, you know, she

28:46

and then she was able the fact that she was able to do

28:48

whatever she wants elsewhere, it's sort of like,

28:51

someone paying you or I a million dollars,

28:53

and then we could also work for anyone we

28:55

want. Therefore, we put things where we felt like

28:57

they belonged. And by the way, everything Apple

28:59

Plus has been doing that's been really

29:00

successful. It's not that well known. I mean,

29:03

they're very strong producers, but

29:04

it's not they didn't have to pay them as much

29:06

as they paid over. I'm sure. But anyway, let's get

29:08

to back to Netflix in this thing, speaking of

29:11

celebrities. Ryan Murphy, who has had

29:13

this deal with Netflix. He's done a bunch of

29:15

stuff that has sort of been sort of sideways,

29:17

essentially. Good some of them good shows,

29:19

some of them not, but not not killer

29:21

shows speaking of killers. His it's

29:24

breaking new records with the series on serial

29:26

killer Jeffrey Dahmer. called Damer.

29:29

Colon.

29:29

Monster. Colon, the Jeffrey

29:30

Dahmer story. It's a very strange name. By hours

29:33

watched the show broke the record for new series in

29:35

the first week

29:35

on Netflix. Lots of controversy, family

29:37

members of Domino's victims, and they never contacted

29:40

about the show. One called Accrual and re traumatizing

29:42

at this time of the launch, the show was tagged

29:44

LGBTQ. Netflix removed

29:46

the tag after an outcry. He was gay,

29:48

Jeffrey Dahmer. Anyway, it's doing really

29:50

well

29:51

here. I I am not gonna watch it. I do not watch

29:53

serial killer shows.

29:54

But it's an interesting thing that they finally

29:56

got a big show out of him. I don't know if they

29:58

can bank on this happening

29:59

all the time, but I'm curious what you think

30:02

of this kind of thing. It's

30:04

not a surprise that it's done so well. We

30:06

we have just a fascination with crime

30:08

and violence and -- Yep. -- you know, these extremely

30:11

abnormal people. Yep.

30:12

That's who's in my way

30:13

to number one, by the way. I'm gonna have to kill you

30:15

just so you know and then solve the issue myself

30:18

so I can get to the number one spot on Apple Podcasts.

30:20

But go ahead. was

30:21

supposed to used to make pizza. It was called dominoes.

30:24

I

30:27

I can't do this all night. Okay. but

30:29

I'm gonna have to kill you. Just be aware. In

30:31

a bunch of news releases I saw saying,

30:33

Jeffrey Dahmer, who was gay. I'm like, to even

30:35

attach asexual orientation

30:38

to him doesn't make any sense to me.

30:40

He was a cannibal, he was a serial murderer.

30:43

Yeah. I mean, it's like saying, oh, he was

30:45

a liver terrion. I mean, it's just, like, who cares?

30:47

Like, that that has nothing to do with anything. He

30:49

was a deranged person. It's an interesting story.

30:52

Yeah. It's

30:53

also interesting. I found one of the most interesting story

30:55

a few years ago that they went and interviewed

30:58

and spent time with his parents.

30:59

Oh, wow. And

31:01

his parents couldn't

31:03

have been nicer. Mhmm.

31:04

COULDn't have been more well adjusted. Yeah.

31:07

And it it just it was like a giant documentary

31:10

and talking about nature versus nurture.

31:13

Yeah. Associate path from that get

31:15

go, I suspect. But also it I haven't

31:17

seen the series, but it also weaves in lot about

31:19

our our society's reluctance

31:21

to get involved or pay attention are

31:24

are police force, women's, and communities of

31:26

color. Yeah. Yeah. One hundred percent.

31:28

That's who most of his victims were. Yeah.

31:30

There's one thing one thing these people usually haven't

31:32

common, these serial murders, is they're

31:34

very good, and this is true pedophiles. Mhmm.

31:37

They're outstanding. at figuring

31:39

out victims that will not

31:41

cause a disturbance or that

31:43

people did authorities

31:46

or society

31:47

don't show the same level of attention

31:49

to. And they're very good at finding those

31:51

people who will Even when they're saying,

31:53

oh, there was a there's a character in this show that

31:55

warning the police about what's going on,

31:57

and they're gonna do nothing about. And in fact,

31:59

they

31:59

help one of his victims back into

32:01

the apartment after the guy escaped. That was a

32:05

I remember that little detail of one

32:07

of the killings, but but he was kept

32:09

saying it's my boyfriend and he's drunk and

32:11

and the neighbors were like,

32:12

no. It's something bad that's going on here in

32:14

the police actually helped him

32:16

get the victim into the apartment where

32:19

he then killed him. Anyway, are you gonna

32:21

watch it?

32:21

I'm not gonna as get older,

32:23

I can. That's one genre I just can't deal

32:25

with. Yeah, too. But horror films or stuff like

32:27

that, it just and I don't know.

32:29

I mean, you know, I was the shadow. on

32:31

your ring. You

32:33

know that it's either you

32:35

or Marjorie Taylor Green Sachs.

32:38

It was one or the other. That's not

32:40

fun.

32:40

No. But I have whole thing.

32:43

Me and Naima, who is the the brains

32:45

of the operation, are plotting to do

32:47

a crime thing, to weave it into this new show, and

32:49

we we had a year of the victim. Anyway,

32:52

let's pivot to a listener question.

32:54

You've got you've got to keep the leads. I'm gonna

32:56

be a mailman. You've got mail.

32:59

This question comes from Elizabeth. It came via

33:01

email. I'll read it. Hi, Karen, Scott.

33:03

Once again, Karen's first in that thing.

33:05

Absolutely love your podcast. what do you

33:07

understand to be the potential downsides of US

33:09

law or administrative action that bans TikTok?

33:12

What will we say if a foreign government took

33:14

similar action against a US company.

33:17

How might a ban on TikTok set a precedent

33:19

for further social media bans To

33:21

be clear, I thought your points on the dangers of TikTok

33:24

were well founded and beautifully made as they

33:26

always are. I understand you can't discuss

33:28

everything. I'm just hoping for fuller conversation

33:31

next time you address the issue. This

33:33

is good because I'm about to interview the

33:35

U. S.

33:35

CEO of TikTok, but go ahead. Tell

33:37

me, Scott. We

33:38

have give us some fuller thoughts on this so I can

33:40

then borrow

33:41

them from my interview. Well,

33:42

first off, let's look at our question. What would

33:45

we say if a foreign government took similar action

33:47

against the US company? Well, we've said it over and

33:49

over, because China has done it consistently. Yep.

33:51

They do. And let's acknowledge the

33:53

point that banning media, banning a company,

33:56

a media company right away should

33:58

raise red flags. because

33:59

one of the pillars of a modern

34:02

economy or a democratic society

34:04

is that pretty much anybody can

34:07

say pretty much anything about

34:09

pretty much everyone else. Mhmm. That is

34:11

a hallmark of a free society.

34:13

Yeah. So when you start using the words ban

34:16

and media in the same sense, you should naturally

34:18

have a gag reflex similar to

34:20

what the person who who put the question

34:22

in. The difference here

34:24

though is that, one, on

34:26

a trade level,

34:28

I do believe that Trump got this right. I think

34:30

there's an asymmetry there. And then when they

34:32

ban anything that wreaks of

34:34

any sort of western media, or technology

34:37

Everything. -- I mean, they let it in law and

34:39

see more so that they let it in long enough to steal

34:41

its IP, profitable local entrepreneur, finance

34:43

and then kick the American company out so they

34:45

can capture the bet domestic value because they're

34:47

like, we have a large enough market to

34:49

create hundreds of billions of dollars behind a

34:51

search engine or social. So we'll

34:54

look in just long enough to steal your IP and then

34:56

kick you out. So just on trade level, tit

34:58

for tat, we have license,

35:00

I believe, to kick them out. Yeah.

35:02

I think what you'd like to see. And then on a

35:05

societal level, I'm just totally, you

35:07

know, the term is freaked out, seeing the

35:09

the incredible incredibly

35:12

addictive nature of

35:14

this platform Mhmm. And the fact

35:16

that young people are now spending more time on this form

35:18

of the exception of YouTube and spend more time on this platform

35:20

than that. It used to be obsessive

35:23

watching was YouTube and now it's this and it's being better.

35:25

Do you know who's who's obsessively watching TikTok

35:27

right now?

35:28

Jim Bankoff. He called me. He said he can't

35:30

stop anyway. like like he

35:32

likes He just started doing it now.

35:34

He can't stop. I'd

35:36

be curious what he's watching. I get

35:38

the sense. I get the sense. He's a saucy little

35:40

mix. He's too nice and buttoned up

35:42

on the outside. I bet there's some crazy

35:44

shit in his feet. domestic date. I'm

35:46

still podcast about that. Anyway, so

35:48

go ahead, keep further thing. Okay. So it's addictive.

35:50

So are the others? So I don't think Dateiness is

35:52

there

35:52

more different. This is different though.

35:55

It's it's not social. It's a streaming

35:57

media platform that's one thing. No decisions.

35:59

Good

35:59

quibi. More than fifty percent of their youth

36:02

is on it. more than every streaming media combined.

36:04

And I just believe the opportunity for them.

36:06

And if you read their privacy agreement, you're

36:08

agreeing that TikTok contracts

36:11

your keystrokes on any

36:13

other app. Yeah. And the idea that

36:15

I just think it would just be so incredibly easy

36:18

for them to put their thumb on scale of

36:20

anti American content. Mhmm. And just

36:22

as meta as the ultimate espionage tool, I think

36:24

TikTok is now the ultimate propaganda tool. And

36:26

I do not wanna see America raise a generation

36:29

of future military, civic, social and

36:31

business leaders that feel worse about America.

36:34

Right. Right. And what I've said

36:36

is two things. One, If I was

36:38

in the CCP, this is exactly what

36:40

I would be doing. Exactly what I would

36:42

be doing. Putting money into this. And two,

36:44

I believe the people at TikTok deserve

36:46

huge economic upside for what they have

36:48

built. And what I'd like to see is

36:50

some sort of some sort of spend

36:53

to US interests and also regulation

36:55

by US regulators and ensure

36:57

all the datas. It's all about incentives and

36:59

ensuring there's a true Chinese wall here.

37:02

But in my view, it is an existential threat

37:04

for it to exist as it stands. And then the

37:06

final point I'll make is -- Mhmm. -- I've gotten a

37:08

lot of pushback from some of the journalists that

37:11

you're distracting from the issues, the privacy

37:13

issues of Madden. I'm like, well, we can

37:15

walk and chew gum at the same time. This isn't

37:18

a zero sum game. This doesn't let this doesn't

37:20

let meta off the hook its weaponization of

37:22

elections or teen depression or delaying obfuscation.

37:25

privacy. But this is a this is

37:27

a national security risk.

37:29

Let me ask you a question and let me just change it

37:31

around. What if they were successfully able

37:33

to put up a wall? Should

37:36

it be limited because it happens

37:38

to be so addictive? But just on that

37:40

thing, if it was say it was not used

37:42

for propaganda, I'd say it was not they were not

37:44

able to manipulate it if they wanted

37:46

to. what would you what say you then,

37:48

Scott Galloway?

37:50

Then whatever you do

37:52

around the addictive nature, you'd have to apply

37:54

to all platforms. Yep. Because you can't

37:56

be xenophobic or jingoism starts

37:59

saying, well, Chinese platforms are

38:01

a bigger threat because they're Chinese. no.

38:03

If you got rid of the if you got rid of the prop

38:05

again and the espionage risk, then you would

38:07

just have to group it into whatever legislation or

38:09

regulation you would you were going to force yourself

38:11

And if you remove the propagand and espionage

38:14

part, is

38:14

it a better product than others?

38:17

Is it doing well? because of things that when

38:19

I do the interview, I wanna talk about why it's such

38:21

a good product. Why is it is it is a

38:23

very good product when you use it, people get

38:25

dragged into it. It's not just addiction, it's entertain

38:27

it's like you and I and Twitter. Like, we like

38:29

we like scrolling Twitter, but I'll tell you,

38:31

I don't get to I don't use TikTok because

38:34

I know I would like it so much. What

38:37

what do you do about

38:37

the fact that the product is so

38:40

infectiously fun to

38:43

use? But here's here's TikTok's

38:45

genius. Okay. Is that everyone thought

38:47

about social media? This is not social.

38:49

Interesting. And that is the reason why TV

38:51

was most revolutionary medium to that point

38:54

is it required nothing of you. It was passive.

38:56

He sat on your couch and other than trying to find

38:58

or dig out your remote in between cushions. Yep.

39:01

It it asked nothing of you. I was that interactive

39:03

television was an oxymoron. When I

39:05

watched TV, I don't even wanna

39:07

decide. And that's what TikTok does. It

39:09

says, no decisions, totally passive.

39:11

You're not gonna get bullied

39:13

by the thirteen year old girl who thinks

39:15

you're a jerk. You're not gonna feel bad that

39:17

you don't have great abs not gonna feel bad that

39:19

you're not rich enough to be sitting by the pool of

39:21

the almond in Utah. We're

39:23

just gonna calibrate based on a few

39:25

finger swipes what content you absolutely

39:28

love, and you can just lie on your side and go into

39:30

a rabbit hole in an opinion like dream state.

39:32

Yeah. It is it is metal. air

39:35

fryer or whatever the heck you Or chiropractors

39:37

adjusting people or Great Danes. I'm getting

39:39

certain amazing content about Great Danes or

39:41

These poor animals decided to go get a little sip

39:43

of water, an African watering hole, and have a very

39:46

unpleasant experience at the hands of a ten

39:48

ten crocodile. I cannot stop

39:50

watching that shit anyways. I'm guy

39:52

I have dopa firing just talking about TikTok.

39:55

Yeah. Those people and and I'm a capitalist.

39:57

I think Vanessa and her colleagues

40:00

I think they deserve to be really, really rich.

40:02

Yeah. So what they built is amazing. What

40:04

do we do here? But here's why

40:06

they're gonna figure it out. There is so much money

40:08

on the line. difference between this company being worth fifty

40:11

billion dollars and five hundred billion dollars is their

40:13

ability to create this tiny as well.

40:15

don't know how they do that. You you summarize

40:17

it perfectly. they have to separate

40:19

the product from the ownership. As

40:21

long as it's owned by Chinese interests, as long

40:23

as there are engineers in China, it's

40:25

it's too much of a risk. I think there's so much

40:28

money on the line here. I think

40:29

they're gonna figure it out. But if you were

40:31

just to say we want to ban it because it's addictive,

40:33

well, okay, now we gotta talk about every

40:35

plan Yeah. That's that's just not true. So

40:37

if it would work for you, you

40:40

if it was separated, except for

40:42

the product was separated on entrepreneurship. It's all

40:44

about ownership. Alright. Okay. Anything

40:46

else keep going? Okay. And then we have to have identity

40:48

for all of it. don't see any reason why anyone

40:51

under the age of fifty needs to be on any of these things, quite

40:53

frankly. We need to carve out section two

40:55

thirty, such that if it shows they're weaponizing

40:57

our elections or causing teen depression or spreading

40:59

misinformation about vaccines, they're liable the same

41:01

way as any other media company. Right. I mean, there's

41:03

a bunch of things we need to do across all of them.

41:06

Yeah. But TikTok is a special,

41:08

its own unique threat because of its ownership.

41:10

Yep. Little Chinese What do you think? Where do I have would

41:13

agree with you. I I'm thinking a lot about it because I

41:15

wanna when I'm interviewing,

41:16

you've obviously have to talk about the China thing, but

41:18

it's a great product. So what do you do

41:20

with this great product that also has such potential

41:22

for national security risk propaganda,

41:24

etcetera? You can't even get to the

41:26

other things that plague, other social media

41:28

companies. But I think you're dead on right that it's I've

41:30

always thought of it and I think I wrote this

41:32

when I I wrote a column saying I'm using burner

41:35

phone to use it because I don't trust the Chinese government.

41:37

I don't particularly trust ours, but I really don't

41:40

trust them. And I love it

41:42

too. So what what do you do? But I'm still

41:44

using a burner phone, which means it's sort of like

41:47

it was such an interesting dichotomy of

41:49

my love of the product from

41:51

the the not so much love of the

41:53

ownership. And so I think it's social

41:55

entertainment. You're a hundred percent right. It's social

41:58

it's social.

41:58

There is a social element

41:59

to it, but it's entertainment. and

42:02

its creativity. I think there's a lot of creativity

42:04

on that platform. And and

42:06

and inside that can be mixed propaganda. That's

42:08

the whole point. The propaganda is to hide

42:11

among the flowers, you know, and really get

42:13

you

42:15

get you going on whatever. And and in your

42:17

interest, in your interest, last thing, and then we'll

42:19

go Well,

42:19

no. My last thing is I have a burner phone. I

42:21

only is really isn't for one thing to communicate

42:24

in FaceTime with Marjorie Taylor Green's

42:27

ex. He rugs his feet and I

42:29

Is that weird? See, so we didn't wanna

42:31

talk about this, and then you cannot

42:33

get away from it. Anyway,

42:36

if you've got a question

42:36

of your own that you'd like answered,

42:39

send it our way. Go to n y mag dot

42:41

com slash pivot to submit

42:42

a question for the show or call

42:44

85551 pivot. Alright,

42:46

Scott. We're gonna do quick break. and we'll be back

42:48

for your fantastic and stellar prediction.

42:55

Hi. I'm Kara Swisher. You

42:57

may know me as the person who made the dog,

42:59

Scott Galloway famous. But I also

43:01

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43:06

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43:44

I'm

43:45

Tammy Teclomariam, Diner at large at New

43:47

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43:48

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43:51

Eat.

43:51

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43:52

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44:27

That's TAMMIENY

44:30

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44:30

dot com slash Tammy.

44:38

Okay, Scott. Let's hear a prediction. I

44:40

already

44:40

did by saying I think they're

44:41

gonna settle soon. Twitter.

44:44

Okay. So get this.

44:46

This is from arguably my favorite economist,

44:48

although I have a ton of favorite economist. But

44:51

Liz Ensonder is the chief economist at Schwab.

44:53

think she's great follow on Twitter and

44:56

she put out this amazing stat for

44:59

basically, in early twenty twenty

45:01

one, If you could afford a house,

45:03

monthly house payment of twenty five hundred dollars

45:06

or a mortgage payment of twenty five hundred dollars and you

45:08

could come up with twenty percent down, Yeah.

45:10

That meant you could afford a

45:12

house that cost seven hundred

45:14

and fifty nine thousand dollars. So if you were a couple

45:16

going shopping We can spend about

45:18

two thousand five hundred a month. We've got,

45:21

you know, one hundred hundred and fifty grand to put down.

45:23

We can afford seven hundred and sixty thousand

45:25

dollars house. Now, with

45:27

interest rates over seven percent

45:30

That

45:30

same couple, they're purchasing power,

45:32

taken by a house for four hundred and seventy

45:34

six thousand. dollars So the

45:36

purchasing power for a lot of middle

45:39

class people has gone down three hundred

45:41

thousand dollars. Yeah. So the prediction

45:43

is really easy. The housing market is

45:45

about to get the shit kicked out of it. Yeah.

45:47

And there's some belief that, okay, we

45:49

haven't produced enough houses and those that

45:52

increase in Interest rates creates

45:54

handcuffs for people who can't actually sell

45:56

their house, decreasing supply, there's some offsetting

45:58

factors. I just don't

45:59

think there's any getting around it. I think the US

46:02

housing market, you're gonna see more and more articles

46:04

about prices coming down because people still need

46:06

to move. They still need to. they

46:08

get divorced, they die, they get

46:10

sick, whatever it is, they upgrade, they downgrade,

46:13

and the affordability around houses

46:15

for the same house. the

46:17

same couple, same purchasing power, same income

46:20

can now afford much, much less. Anyways,

46:22

my prediction is we're about to see a lot more articles

46:25

about cracks and declines in the U. S. housing

46:27

market. Alright. Even despite the lack of

46:29

inventory, yeah, probably. Yeah, I would agree.

46:32

Anyhow, things are sitting on the market. I've noticed

46:34

I you know, I'm, like, one of those speaking of things that

46:36

I spend a lot of time looking at, Zillow, no good

46:38

reason. And it's a lot of stuff is really staying

46:40

on the market longer.

46:41

You can just see it. Okay, Scott.

46:43

That's the show. We'll be back on Tuesday with

46:45

more pivot. Obviously, get ready for our

46:48

crossover episodes around the Twitter trial.

46:50

But Until then, we have lots more to talk

46:52

about. Scott, read us out.

46:54

Today's show is produced by Laramie

46:56

Mann Engle and Taylor Griffin. Ernie and Jotat

46:58

engineered this up thanks to also the Drew Burrows

47:00

and Mulets Vireo. Make sure you subscribe to

47:02

the show where every listener podcast. Thanks for listening

47:05

to Pivot from New York Magazine of Box Media. We'll

47:07

be back next week for another breakdown of all

47:09

things tech and business. I'll see you later

47:11

on you ghosting dick of my

47:13

ring phone. Ghostly

47:17

bitch.