TWiST News: Netflix Goes Live, The FCC Revamp, Free Speech, and Regulatory Shifts | E2046
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Right, everybody, welcome back to this week in startups on your host Jason cAllan is with me, my co host, Alice. welcome. How are you out?

Um i'm fantastic. We ever really diverse, an interesting show. I gone to learn a lot of things. We have a really big show. First of all, netflix is live event bed and data.

Therefore we're going talk about the incoming new head of fcc and his views on tech and a recap of his time here on twist Jason um much to do about censorship over in the U K. The former uber exact that might head the department of transportation and also how much ground vises need to make up in just hacked docket. This weekend.

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I think the main character this weekend was mitia and netflix. I was on many group chats where people were sharing spam shots of the new, not the rainbow spinning weel of death on your mac. For those of you of experience that this was the red spinning wheel of death on netflix, everybody was getting err code.

The picture of quality was terrible on netflix for the mixin versus jack pal fugazi big fight. The fight was terrible. Huge disappointment.

The two who fought before my tyson were incredible. Oh my god. That was one of the best fights i've ever seen in my life.

But the item file was a fraud. And I guess it's good that um nethold x is stress testing their system. Take us through the numbers. How many people turn in for this fraud?

O K, so you get that into exactly that. I want to get your thoughts on the quality of the event. But um this was a huge smashed for netflix just so according to preliminary data, they're onna tell us more in a couple of days when they kind of just to all the logs, but they think about sixty million households watch there was a sixty five million concurrent stream pig, which is totally nuts. And because you mentioned the undercard, the fight between Taylor and seora o that was watched by fifty million house's, which networks was very proud to say what they think the most streamed women's sports event in history.

Uh, that's incredible. Yeah, those two women put on a spectacular show. I'm guessing mega paid a fraction of a tin.

And jack paul got my understanding is jay paul got forty million for this fraud, and mike tyson secured twenty million dollar bag, which I am happy to see that mike tyson campaigns bills whatever but my lord IT was a terrible fight. Um waste of time. IT was a disGrace. The scc add, as we would say in thin, slim in berkley IT was a complete .

disGrace. why?

Tell me why IT was clear that jay paul was not fighting. IT was clear that my tyson through like pointing punches, he was unable to fight. So they were basically just trading on my tysons reputation, uh, being an absolute murder and just, you know, maybe he can land one punch, but I mean, I think there was one jb where you saw my ties and hit um jack paul and his head tilt to back a little bit but jake wall said I think the next day that he didn't want to embarrass uh, mike tyson so he didn't file him.

He didn't actually go a bunch punches so you know the whole concept of a fight is that you supposed to leave IT all out there like the two women surono and teller was a surono teller. I want to go see the first fight of the surono teller because this is a second and um putting all that aside, I guess this is K V is I guess what we would call these exhibition fights that jamaal does. They're just fake fights um he's a fake boxer.

It's all fake which is kind of a bomb because the fight before I was very real yeah um I but the good news is he didn't pay ninety nine dollars for this or whatever seventy dollars whatever pay review is. If you had paid for that, you would really be set, I think. But it's free and it's a netflix.

So this is great for netflix netlik stress test system and failed, but you people probably got fired. Whoever their partners are on the CD inside got fired. Yeah, it's gotta really uncomfortable today. But that part of, you know, learning is, I think, did they win an n felt contract or sports contract yeah as a part of this next year.

the future of netflix live events, the upcoming two major events that I think we care about here are two games on Christmas. So if you want to watch chief stealers or ravins texans on super twenty fifth, netflix will have those. I agree very much, the stress testing ahead of those is very important because those are not fake fights.

Those are very serious, ines, in a very serious league. Uh, also. And this was news to me. J, M, I didn't know that netflix had to deal with W, W, E monday night starting in january of next year.

Now i've never been a progressive in fan had friends going up their big fans um but that's gonna a recurrent event. So I do think that netflix is really leaning into live sports broadly, although I am just disappointed that the fight wasn't much because there was so much excited about that. There was that big uh preflight slap IT did feel a little bit manufactured.

You k fob right is the whole concept of like we're all IT on IT like professional, restful, great, quite professional, which is fine. I mean if people want to like get into the story lines and their great athletes doing you know essentially ballet or coordinated your physical contact, whatever. I'm okay with the um if I were always buying in fit, but this was presented as a fight. So I think IT was a bit of fraud. So anything about betting though.

because people to handle on on this fight was enormous. So if he was a fake fight, how do you feel about sports Better on IT?

okay. So that's also risky because if jay um who won the fight, he would have actually gotten a knockout probably in the second third around if he had gone full out ah because he was fighting an old man who couldn't defend himself uh and as the commentator was saying you know his legs were very weak as any six year old would be versus at twenty eight year old, the whatever jake paw is so I think jake, paul, just by physically bumping into him, swinging at him, whatever would have knocked them out.

So there was probably gambling on a knockout and so by jake saying I purposely didn't knock him out because I have respect for him, it's kind of like throwing the fight. So I do think that complicates the betting. A lot of my friends were gambling on this putting a lot of money, like a lot of friends putting you know five ten, twenty five ten on the five.

And almost all of IT was on jack paul because they just knew, like there's no way for him to lose, even if I was two to one or whatever they had to put up two hundred and one hundred. I think putting all that aside, I think that we might be on the precipice of sports events regularly be coming as large as the super bowl if they are free and included in bundle les. So I think disney needs to pay attention to this with I think netflix needs to pay attention to this because if you have a footprint like netflix says or any, disney has one hundred fifty subs and I think network access to fifty, if I if i'm ball or correct you, you can check those numbers.

I want IT. yeah. And so if you start thinking about those numbers and you start thinking of how easy IT is to put and APP on your phone and how globe services are and the fact that sports are not um culturally or language, don't have culture and language barrier.

Boxing is boxing. Soccer is soccer. Football is football. Basketball, basketball is very much like nature documentary.

There are two things that were really well on a global basis. In other words, you don't need to localize them. Sports is one um in nature documentaries on the other. So shark week is shark week. You can do any voice stopping.

So this is I think, a really turning point moment or should be for these dreamers, they should be thinking of every sports they should be, uh, beating on the massively. And if the N B A N F L was available on these services without payment, with advertising, I think the N F L games would double their viewership. I think the MBA games with triple or car grup their viewer ship, the fact that these things have payments behind them, rutles them.

So in order to watch N B A games, I pay three hundred and large year two, fifty or three hundred for N, B, A. We pass to watch every nick game without at, okay, great. I am five percent of the audience that wants to end free experience with the local cameras.

But you starting about like how many people could actually be watching these games. All of the leagues have gone for max dollars from subscriptions. This might actually be a mistake.

We might have underestimated how big this audience could be, could be on a global basis, sixty million people. If there had been ads in this, there were no ads, right? I didn't see in the ad I .

think was add free I .

believe I was at for yes but there were tons of sponsorship so every like ring um the ropes of the ring had logos for meat on the the logos everywhere. Imagine if this had been sponsored for sixty million viewers you know, a tesla or uber or amazon. I'm trying to think of people, disney people, who have a global footprints of marvel film.

I lord like getting sixty million people in one night is a very hard thing to accomplish that I don't know the international members here. I suspect half the audience with U S. Half was internet. I don't know that do we have any conception of what with the international national spit was?

No, because the data we have is still preliminary. So in a couple of days, so everybody is listening, we will find that when IT comes out and bringing to our wednesday, friday for our future live news recordings. But the data justice is a little bit early.

This thing that i'm a little bit concerned about because i'm also a sports fan and I watch a variety. Different sports. This is the fragmentation of IT.

Like it's cool that netflix has some upcoming in a ell games, but I hate having to think like, okay, this is thursday night. Does amazon have the contract right now? Is that on and as as a viewer, IT gets pana crappy.

And the U S, L, A league that I love has had this problem all year and i've watched a lot less. So to me, the idea i've opening these up the audiences on the major streaming platforms does make a lot of sense. Like netflix, we all have IT.

It's like water this point. You just have a set networks so that tracks well. But like if I will want email b on apple TV plus, sometimes I don't have that.

And that's a little disappointing that I have to have more recurrence subscriptions to watch sports. I just wish, ed that everything had the leak pass model chase like I got if I was watching every warriors game. I just spend the money and then watch IT on my own time and not have to just federate across services.

Yeah it's a little at knowing they're obviously maximizing profitability right now. Do you spend too much time tabbing between your team, that document spread sheet database as well? It's time to consolidate all the knowledge that is spread out across your entire organization on one platform and that platform that we use every day here at this week and startups and launch is called code C O D A.

If you don't know about koto, IT is a new category of software, and it's kind of like a collaborate workspace, document spread sheet apps all put into one. It's really easy to learn how to use that and really, really powerful. We use IT for all kinds of applications.

One of the applications we've been using for, for is something internally we call the whisper network. What the whisper network is, is we like to whisper when we invest in a company and they're getting some traction with whisper other investors just so they know about the company, what we track that all in a database. And then we opened that up to our four hundred and fifty portfolio companies who can request an introduction to another firm.

And it's all track recopa, including what they want to include that email and then who on our eleven person investment teamed is the designated contact for that other seed fund or dry in venture fund. And this has changed everything for organization. We make these mini apps that allow us to be so successful at killing our goals.

And i'm a big fan of having systems as opposed to goals. All the goals we want to set will be done really well if you have a good system. And code builds these systems of record for us really quickly.

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West IT gets six months of the team plan for free, that C, O, D, A, I O slashed west to get started for free and get six months of the team plan. Koa di o slashed west. I think where this winds up is amazon will be the home of the nfl.

Apple will be the home of soccer, M, L, major league e, soccer. You know, netflix will be whatever the N, B, A or a major league baseball, you're just gonna own the entire thing. And I think that would be brilliant.

There was a rumor of the N, B A and E S P N. I think maybe spinning out E S P N from disney and maybe the N B A owning or something which is a little bit weird because they're supposed to be reporters reporting on the league. So that always creates a little bit friction where if you have a big contract, you can be critical of the nfl.

Or you know there was an issue with you know brain injuries and I think you couldn't talk about IT on certain networks. They kind of ban people from talking about IT or you don't even have to ban IT. I me everybody who's getting paid five million dollars to be and announce their nose don't bring that up.

It's uncomfortable back. You may not get that five million doll contract right. It's also the uncomfortable nature again that that makes political. But everything seems to be going back to IT.

You know if you're underside Cooper or for reds a cara or on CNN and you're making twenty million year, ten million years, these are big salaries. Do you think there's gonna be the ones who do the investigative report on fazer? No, not when fires for a third or fifty percent of IT.

Those stories, you know, if something hits, a certain benchMarks have to report. And of course, but they're not doing a sixty minutes and nor sixty minutes doing some big export. You may be front.

I would do that. So does IT mean it's censorship. It's kind of like self censorship or just editorials steering. What are your thoughts .

on s up all the time. So one of the tensions, it's not going to talk a little bit about myself here.

but j and I think you.

for be honest with the hand right OK iran tech ones, plus or a while. And one of the reasons why I really believed in building a subscription, hiller at technical ch, my historical home publication, and I love the people there, was that he would reduce our dependency on advertising incomes and also on events. Advertising incomes go up and down based on the economy.

When the economy is good, ad dollars fall from the sky. When the economy is poor, they're impossible defined. And that's really hard to build a company on a boom bus um income cycle. So that thing the descriptions do so and then there's events tech one host uh has host does host events around the nation and around the world.

I've taking part a lot of these, and we often have people come to the events that we report on to talk, to be interviewed, to sit on the panel, to judge, starts up whatever is. But there's a natural tension between reporting on people vigorously and vociferously, and trying to get to come to your event so you can sell, take a people. Welcome to hear from .

that in a long way of saying access journalism. And this was, if you were too critical of a subject, Steve jobs famously, uh, yeah, Steve jobs shows up for event or doesn't show up, prevent that. The difference between that could double ticket cells to to and you bill gates or Steve jobs at the p and there were journalists or commentators who had those relationships, who got paid certain figures.

So let anybody think that, you know, journalists or publications are not impacted by the they are. And so, you know yeah whether it's E S. P and tech crunch, all street journal, everybody gets impacted some ways by this uncomfortable relationship.

And the way that this is usually set up is that the business side and the editorial side of a media company are distinct. But I think this made a good point earlier about not been an idiot and destroying your own incomes stream. And so yeah, when I think about this, there are those changes that does not impact everything that you see in read. But netflix, i'll just say this, uh, if I was the biggest online streaming company in the history of the world, uh, I would have had my life streaming set up in Better shape because he was pretty embarrassing in how poorly they did. And they have to do Better.

Just have to they have two hundred, eighty millions and rivers globally. Yes, this is, I think, the largest subscription business outside of china that's ever been built. China, obviously china, india have you know billion a citizens.

So we, you start getting to those numbers, you know, who knows? I don't know the phone companies there, but they might have more than two hundred eighty million. Sus, 对， but this is an amazing feet.

And I think what netflix is gonna realize over time is that will pushing people towards the advertising a tear. And I think disney, realizing this is going to maximized revenue. So some number of people paying six, ninety five with limited ads for ads.

People paying zero with a lot of ads, inseparable ads. Six, six dollars with sum ads and then well, fifteen box with no ads. This is gonna be the perfect, perfect wait to thread the middle.

If netflix s had a free tier right now that was at bed with a lot of ads but you didn't get the first run shows, you only got like second run shows. IT had like a limited amount of the archive, whatever. There's some way to do IT.

I I could see them having five hundred, six hundred, seven hundred million sums. Um and I think spotify is a good example of this. I believe spotify has a free tier, and the free tier has an enormous number of people in the advertising tier.

So this is obviously the way this is gonna. If you were to look at the nf fell as an example, there is a night football, amazon prime, sunday afternoon evening games, paramon plus and fox sports, sunday night football, all nbc, monday night football, E S P N. When I was a kid, I remember my dad was like big on monday night football, because when monday night football came out, IT became such a phenomenon that the bars were packed.

And this was like the late seventies. I think I came out and IT was great for my dad's business because sunday people did come into the bar to watch the games and the bookie was there. And that's how you play your beats.

You know, like two for one kind of situation, you can place you Better have a drink and watch again with the three per try fact. And then all the sudden monday night, which was the dead, is nine of the week became such a heart night. You got ten football games. Well, fool games was awesome for business of monday night, became like a friday or saturday night who was awesome for the economy. I think they've what that down a bit with, like thursday night in all these saturday games, everything else.

But they're going going to cut the nfl into as many little pieces as they came to find the highest itch for each one. And people have made some hay in recent years about a slow decline in kind of like cable viewership and also nfl viewership. And the best example of this that i've had explained me was the nfl is the most popular thing on paid television.

And so if IT declines, TV declines in vice person, so the very, very tired, the hip still. But I will say netflix kidding into live events, full stop, I think, is brilliant. Because what they haven't had since stranger things wednesday or one, those occasional hit shows that really just takes over the side light is a way to get everyone there at the same time to drive intense hive of conversation and communication.

And so. Yes, IT is bad. They head streaming issues, but is also very good, that is.

so many people show up that they had, and they also still are with dropping the entire series at once. When you when they do a stranger things for something, they drop all nine episodes, ten episodes so you can watch not like HBO with house of the dragon when they do every week. It's not like those that kind of a viBrant well.

that's how that I just disrupted the industry was just a, say, an effort. Here you go. Here's the whole thing.

And everyone loved IT, but I hear more commentary still on social about the shows that are released incrementally. And I can see this in my spouse who loves to watch the show, ghosts. And every time that comes out, he is ready to go and right there.

And so they get her more often, more frequently over a long comp iod of time. We're all sorting now, Jason bundle in and unbundle in again here in the world of media. And this is the latest iteration of the one last note.

I'm less receptive to ads than you are. And I just want to say that, well, I pay for prime. I paid for prime for I don't recall what I didn't pay for prime. I'm very annoy that they just decided something you've been to dedicated life logs subscriber and now we're going to make your service worse. That's still really good.

You say amazon crime, you have no choice but to watch IT on some change.

Hey, more if you don't want. But they've ve debased the service that i've had for a long time. I can take the amazon shopping and experience going to hell.

I can take the why being chaotic. I can take half of IT being ads for local chinese drop trip insides. Fine, fine, time to find. But now when I watch my shoes, they're like, and we just want to more of your money, alex, so screw you and i'm like, come back, come on.

Um I am just happy that there is an an ad pretium available. Spotify is such a huge business. Three hundred forty three million ad supported monthly active users, sixty one million. Uh they have two twenty million pig globally, sixty one millions.

And if you put those two numbers together, I mean we talking about close to six hundred million people are using spotify between the the paid subs and the ad supported ones. There is going to be a number of these businesses that had a billion yeah, that's going to be unbelievable. Bry founders, are you tired of doing all your own software development? Need help, but you can afford all this time IT takes to find great talent.

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Let's relate this to the the current AI boom, Jason, because you know we're still figure how A I is going to monodist. You and I both pay for uh ChatGPT descriptions at the corporate level and the personnel level. I think that worked out pretty well. I'm always surprised how how well A I consumer services have modified ed on the subscription basis without hundred revert to ads because I don't for me thus far A I been at free experience and I wonder how long we can keep IT. So here, and lovely.

I mean, social network were are free at the beginning, and so was google search. So almost always when these services come out, you have enough venture capital to back you. If you're growing, I would save low single digits a week or double low double digits a month, month over month, then you have earned the right to not monetize and just burn money.

So if you can grow your service one to five percent week over we ten, twenty, thirty percent months s over month. But just to say, ten percent on there are VS have seen this movie before, youtube, spotify, google search, facebook against gram. And those way, you know what? Don't bother advertising keep growing because the longer you wait, the more pentium demand you get.

And when you do turn on ads, you're going to be hitting ten million, fifty million, one hundred million users, and you really can get big ads. So it's very hard to to achieve product market fit. So what you want to do as an investor is give the team the ability to just do that one thing well in a consumer base service.

And I think a lot of folks want to not have to earn money and just build your start up. You you earn that right by having industry leading growth. yeah.

So this idea that you can have no growth, sort up and not charge, no one, no. But if you have really good grow, they will suspend this belief. Uh, but anyway, this is definitely trying to watch. And I do think advertisers are going to swarm these things when they start hitting super bowl like numbers. And this was A I guess, like a half a super bow, right? Super bowl brings in over hundred million people to watch something like I I don't know that shake paul would have drawn this this had to do with my tyson, but there are other people who could draw this and other celebrity boxing matches that can do this um and I think that .

around I I wonder how many people would show up to watch and I said this respect of is fighting career elderly mike tyson versus somebody I wonder this is really just the ability of of jack mok to attract such outsize attention to his antics over the years that he is the real draw. I bet you if he was my doesn't versus random fighter, IT would have been ten percent of big. And that speaks to, by the way, the power of .

online culture. Well, I mean, I think you do get you get the gene x and bombers who got to witness my ties in coming into this combined with the millennial who know this. So maybe that's maybe it's a little bit of both, but I think my test versus is how we feel there. Anybody doing like one of those kind of exhibitions would have drawn similar, but I could be wrong.

Okay, last thing, does neth ever go pay per view? And curious, because if the guys spend all this money on these events does IT disfunction .

their not for motivation, strategy. And I mean, they have so many paid subs that, you know, like you, you have so many billions in revenue that even this thing, if I cost them a hundred million to do this, yeah, who cares? Do IT quarterly for four hundred million a year.

Do something some ten pole like this. If you reduce a million, what if the average person spends twelve dollars on netty X A month? Or or let's say, ten box, ten bugs?

If you have the international, the page, whatever you say, a box, a box a month is a hundred box year. Hundred box a year is a million. Sus, four times a year before four million subs, four hundred million, four million.

If four million less people turn because you do a temple like this, which is but one in a half percent of their user base, paid user base, if you reduce turn because you do something crazy like this and to keep you from causing your account or cutting your account, probably worth IT. So when you start thinking about that, that way they have so they have an ability to outspend everyone else based on a legit business. Now if apple chooses to lose money, or amazon chooses to lose money on these things because they can, okay, that's different. But IT actually turns out they could actually economically make this pencil out, which is nuts.

Well, to the awesome about us and safe, the argument is that adding friction to an existing paid consumer description is often the were wrong choice. Take the ants out of my prime. amazon. Listen to Jason right now.

What I mean, if you I don't know what netflix is, revenue is right now across those two hundred eighty million subs because I do know that there there are very low fees in india and asia and other regions, and the west is much more expensive. So but if we started thinking about you know how much revenue they have.

about ten billion or quarter, by the way.

So forty billion a year, I mean, that's a lot of money to be able to spend. And I wonder what the total revenue for the americas like what they get from, you know, all the games combined. I wonder what their life because you know, the N B, A, A lot of the folks have their own cable networks like the nick of misty network, and they make money off of misty.

One mystery to you, can people subscribe to those through cable systems? All of the world, you can subscribe direct. There's going to be an argument at some point for one of for some of like netflix or youtube to just jump the fence and just go to one of these you know uh flat one of these leagues and just be like we'll take at all.

I'll just take the whole god dem then here's ten million a year will take the whole thing til you imagine the number of people. If one service had the N F uh IT would be bonkers. And everybody has got a smart v that was.

The other limitation of this was people getting the show ten years ago. The idea of doing this kind of stuff was really part because not everybody have a smart T. V.

I just bought new L, G, T. V. Here at the ranch and he came with everything.

And i'm gonna go dig out the apple TV. And I haven't gone to IT because, you know, the apple TV. And sorry, somewhere i'm trying to find IT, but it's got everything in the the menu.

So the whole thing is just sit there and I I don't need to because it's on the remote control netlist. And then there is roku. You could put a roca on your T V for nothing, and it's post to many tvs.

So the idea can find IT or your dad can find IT, a grandpa can find IT that's over to. So it's a brave new world in my lord. It's going to be awesome for, I think this could be awesome for producing shows that just wouldn't Normally be economically possible, or spreading these leagues.

If you're running the N, B, A, if you own those teams, you gotto be thinking at some point, what would you be like if we gave up all the paid subs and had a global footprint? And IT was just of that. And NBA league pass was a free product with an unsupported here, and everybody could watch every game. And you lost my two fifty. I think you'd make IT back and advertise in global IT.

Well, the question then becomes, how many more guy code ads can I possibly survive before I die?

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Are you lost now? So I poked up the kid up. Ping, ping, pi. Had my car waiting for me, and S, F, L, and I avoided waiting around, and I had my own car so I could go to all these distant meetings I had across the bay area.

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M V. Anyway, kate doesn't do extremes. IT Operates in large cities around united tes, and i've used IT in both L. A. And love IT.

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one of the biggest stories out uh in the last very recent time periods that Brendan carr, uh in fcc commissioner is going to be the next chairman of the S C C. And just over the windows we had bringing on twist episode eighteen seventy, if you want to go back and wash the interview lots about starlink, lots about tiktok. Jason, um but I have gone through his positions. I have notes on them, but I just want you to tell me why on twitter you were so a bullit about brinton getting the odd you said boom I .

believe yeah I mean for me this is great because two of my a pet peeves here government right um and tiktok I think he were very a wind done in terms of government waste this role but broadband ding has made me lose my mind the idea that we are going to spend ten, twenty, thirty thousand dollars that put people on broadband in five or ten years and theyve installed none of them. They cancelled the startling contract because IT wasn't fascine.

Now I got starling, my house, as a backup. It's plenty fast, over one hundred megabits down, ten megabits up. I could be doing the show from IT.

I have done the show from IT when I lost my spectrum line. And I and I flip over the starling. That's how I use IT. Currently, all of these people who are in rural areas are already using starling. And before that, they used data, fact, high earth satellites.

So the idea that our government would do something like rural broadband and then waste our money, our taxpayer money, to bring a cable modem to somebody y's ranch, I live on a range. I would be like infuriated if the government spent twenty thousand dollars, ten thousand dollars, to bring people their lines when there is a variable option. Now the problem with our government is they set these things in motion, and then the free market solves the problem and we don't reverse the span.

I don't think starling should get the contract. I don't think the fibre companies are the cable on because you know which I think you get the contract. nobody. If the problems been solved, there's also three or four competitors to start link that are all in the process of building their conStellations.

Why on earth we do this? And if we did want to, because of the digital divide of, I don't know, the seventy, eighty, ninety box a month for a satellite connection was too much, okay, give them a voucher for four dollars a month for IT and call IT a day and do IT for five years and then we're done. It's ridiculous, ridiculous.

And this is, I think, why although I i've had my problems with trump in in his personality and january six than in a number of things, I do think the one thing that could be absolutely fantastic, and I am rooting for him and the they can, iran and trump and everybody involved, is to lower the footprint and the size of government and government ways. And I think this might be one of the great samples of IT, the idea of spending billions of dollars of tax pair money on broadband when the problems solved. It's the same thing with the super charges.

Why on earth are we doing super charges? Or just like E V charges, when free market, I see so many startups, alex, that are putting these things in. You don't need the government to maybe fifteen years ago, that would have been a brilliant idea in twenty four, twenty, twenty.

We don't need the government to subsidize any of this is plenty of free market capital available, sold ign wealth front, venture capital funds and consumers paying for IT. We have already passed the rubicon here, which does not going back. There's plenty of evs.

There's plenty of people with credit cards who will pay for an E V charging station. Hotels will pay for E V charging stations to get customers. If you put an E V charging station in your hotel and the started maybe ten years ago, you put in tesla charges, you put in regular charge point charges. The J T, S, you get more customers. The hotels are looking for IT.

There's one no, all that tracks of the I did dig deep into the the starling contract fiasco and and honestly, if you want to read on that, all there in the shernoff. IT is a long history of the C C, but, uh, very much agreed on the last government waste. But what i'm, what i'm surprised by is how striving render car is on certain technology issues that I did not expect him to be.

By the way, I don't know all those positions in the tiktok position.

I do know we will get to that, i'm sure. Oh yeah, no, tiktok. I no problem.

Totally Green. But so here is an except from car. And he wrote a the S.

C. C. Chapter in the budget twenty five manifest I through today. So if you want to read this, it's all in there. It's his notes.

But can her teach foundation wrote something called project twenty twenty five? Project twenty five is something that trump disavow because it's a bit radical. We had the heritage foundation on to talk about the election uh stuff that was great with han. Um so IT IT is obviously and the most conservative do I think think tank and one of the best wounded but obviously some aspects of twenty, twenty, twenty five or on the menu yeah I mean.

for example, car wrote that his chapter for that and now he's going to be S, C, C, A commission. No one surprised by the way, that burden car got the tapper. This was kind of expected, but here's what he said and tell me, didn't if this doesn't sound a little bit like a democrat, after a google manipulates search results, a small business can see its web traffic drop precipitously overnight for no apparent reason.

On facebook, social media posts are left up or taken down. Accounts are suspended or permanently bank without any apparent consistency. Out of the blue, youtube can demonize individuals who have risked their capital and invested the labor to build online business.

Those are all criticisms of individual choices that businesses have made that they think are in their own best interest. And here is car saying that they are acting in a manner that is in congress for his politics. And so to me, this smells like government involvement in technology in a way that if he came from a democratic ministration would be relatively controversial. So i'm just surprised that a guy who write that as his view and put IT in print is such a supposed of the tech industry. I thought I missing something here.

I can tell you what IT is when trump got banned from all platforms. This was a controversial maneuvre ah ah if I take you back in time some people have memory holds IT um which means they don't like to think about IT. But people were very scared when january six happened, that there could be a civil work.

You know, you have all those people breaking up the the capital mob behavior is such that you could have more mobs break out. By the way, we saw that with B, L, M, you'd have a ride in one city, and then you have arrived in another city. Then remember that whole time period or every weekend, there were different protests, and then some percent of the protest resulted in bad act, you know? Uh, I don't know all the actors, but I think antipho was one of the ones that was particularly violent. I don't know that an actual organization or a lucifer .

ation of philosophies filling ation OK.

Yeah, people claiming to be and t for here just started lighting stuff on fire. great. We all agree not of that should happen. But people thought, hey, trumps gonna tell the next group people to go to the next city to do a protest. And yeah, maybe the capital or the city hall in new york city will burn down or get broken, or people get.

So they ban him on all platforms for two years and then they undid those bans over time because they were nervous that he might um you know prom people to do that in sant, as a word in sight, people to do more damage. The republicans have never got over this. They believe this was like the ultimate m of sensation.

So they at one point in you, you're absolutely correct, pointing up the hookers acy in this. At one point they're like, hey, total free speech. At another point, you know they might be like, hey uh or in free speech includes, to your point, private companies being able to do what they want with their services.

So you know, this Bakery will not make a gay wedding cake, but facebook cannot have whatever, you know, people on its system. So there is an inconsistency here. The way it's been explained to me, not saying I agree with that, is those platforms have such reach that they now need to have some process by which they vanish.

people. So if alex Jones is vanquish seems like a reasonable thing to do. If you are running a private businesses, if you're having a dinner party or you know you might not want him there, you might not want him on your platform, you know pretending that parents whose kids have been murdered, more actors, crisis actors like this is dark stuff.

So um that's the reason they want to hold youtube, facebook, specifically those two platforms accountable for when they ban what they believe conservative views from the platform. That's that's what that's all about and that's and that's always been like an issue for them since trump up and across IT. Um I do think that would be Better hygiene.

These platforms, I don't know the government has to be involved if they just said if there was a process by which they adjudicated these cases, I would probably be good. But honestly, if you if youtube so only banned my account, I guess I could see them. But it's a private business and that's not going to work.

So um yeah, I can't believe in the free market. And if people don't like how facebook runs that, they could be on twitter and ex and twitter XRV and reddit are allow sudanese linked in dozen facebook dozen in to m does like you could have all different options out there for people. But this is like a pecking of the republicans and conservatives and and I understand why they have the position.

And here's how that I feel like silly like i'm walking into like like upside downhill because for people are like, oh my god and so glad that R F K is gonna lead H H S, because he's going to get the chemicals out of our foods. Unlike when I was going up. That was the fanciest liberal position that was the tivo wearing, but truly oil, you know and .

like was a had dippy thing like.

yeah, my mom would .

not buy red die, yellow reading, yellow die number five, my mom would not allow us to have eat any of that. And now that's a republican position and republicans are certainly the union and the working man and ispa ic immigrants like that's their audience. So congrats.

Way, way to have the biggest open tent. And now we're seeing on the democrats side, they're like, you know what we need to open this standup. P, L, C is taking her prone like IT. We should be more reasonable.

So the funny thing is when we talk about the E U, and we talk about the E U. On this show on a regular basis and just you have said more regulatory focus, less free market, but they have a thing called the uh, very large online platform threshold, which brings on another set of regulation that impact those platforms. This is a bug abo of american technology. But here we have the guys going run the seemingly endorsing, per your view, I want to be similar settle and i'm just kind of like what this .

is why it's intellectually inconsistent and you're right to point that out and it's it's an important discussion because this is a nuance discussion. If a bakker y doesn't want to make a cake for a gay couple um yeah that's a bore and I and i'm not forward but I understand if they were like devote Christians or caplin's this might you to be against you know their religious beliefs okay we give a pretty wide birth for people to have those beliefs and even you don't like them um and you can go to the Bakery next door. There is no when you taught when if you get banned from facebook, the apple store, youtube and previously twitter, you're basically gone.

You are out of all I mean, could pop up a website which Alice Jones did, but I don't have you remember for like two, three years. And I know that some people on the left love this donal trump milliion opis, Alice Jones. They were just kind of out of the sighest, that noise, those individuals, we're not part of the public square.

Now is that fair or not? I don't mind racist lunch, uh, offensive people being on my social network because I can block them more, ignore them or I and I don't mind them being on my radio leader because I can change the dial. I'm i'm pretty hard core for the free speech here but .

um I am too which is why I am just again, like other things cars are talking about include like letting people um empower consumers to choose their own content filters. I'm kind of in favor of that. But again, absolutely and that's .

been my position from the beginning, which is let let people pick their algorithm when you go. If you use an algorithm, I believe that an editorial decision, and I think if you use an algo that should break your two thirty protection in less and less, your algorithm is transparent.

And when you low, tiktok, youtube, twitter, whatever IT says we are going to give you this, you can choose between these three algorithms, educational, most popular, or letter, wait, like, or none. And I just want my reverse panos gc feed. I'll build my own feet. That should be how this works, I believe, if you want to keep section to there.

But that's not the pro business view point is that company is should be allowed to set this up as they think is the most profit seeking yeah and worth talking here about really telling companies how to run their business. And it's wrapped in this idea of or no conservative speeches being censored. But to me it's just the same substance with a different sauce.

And so like this is why, no, I wanted make this very clear. Free speech is a non partisan issue because both of the american political parties love to beat the jung about free speech and then went, it's inconvenient to pretend that their inconsistent exist. So don't translate on free speech except yourself, because this stuff gizls me literally bonkers. Because I, much like this, is one of our biggest intelligible agreements, is free speech. No one in the american spectrum is is good there .

and fruit me yeah I mean, I love the fact that x is a great you know, platform for free speech. My experience has been degraded there because of IT, because people feel very free to say really nearly stuff in my replies and I have to do a lot more scrubbing and blocking. And I and I, you know don't enjoy my experience on act as much on a daily day basis as somebody with a big following because it's just a little bit narrow.

I mean, if you look at my replies, people are are pretty tty brutal and it's like psychologically I I am a pretty resilient happy guy but looking at fifty comments, every time you tweet something that I like, you're in A D with T, D, S. It's just like, well, well, I used to enjoy the conversation here and I used to have like a buffle conversation and now it's just and it's the same with threads. I go over the thread, I say something and I get every liberal friends m hind who like, why are you here? Like, sorry, I did not explosive dinner party or what .

let's touch on tiktok really quickly because I wanted get to the censorship and stick on that theme from the U. K. perspective.

But britton cr, uh I would say on the on the fark streams of and I tiktok agitation, personally I agree with him. I think his comments on the show about how they've repeatedly not shown their trusters of data make a lot of sense. And I am in favor of the investment for banning tiktok.

So here's my question that I have for the world, not for you, but just everybody. Drop is going back on his tiktok stance and has very publicly and here we have brand car who is a on the other side. So i'm going be curious to see how that tension is resolved. I that's .

the one to watch because jeff IOS, reportedly ly, made a big donation to a super pack. He is a big shareholder, private equity guy in tiktok. Trump was obviously had the position to ban IT by vest, whatever.

Then he flipped, hey, tiktok, very popular. It's a great service. All of those things can be true.

At the same time, I kind of have the insight skinning on this. I think I think have enough information to know what's going on here. All the shareholders want to maximize their profit like any shareholder does in tiktok. They secretly wanted diverted. They don't have the leverage to force china to do that.

So what would be the logical thing IT would be for there to be this tension to get the company public to allow them to sell their shares and did not have to be banned to satisfy you know not having um an adversary have something as powerful as tiktok under their control to be abused at the same time being able to sell your shares. That's kind of what they're vying for, I think can say that looks weird to us OK. And this is like four D S. But wouldn't you would be kind of like you have to sell all your shares right now at the pea?

It's like, oh, oh, no.

This is right now I like pretty great to do get get this thing that's that's the key .

thing because if you have shares in bite dance, as jeff y jeffy is, yes, yes and that yeah probably .

you ask you right and he .

was he's got bite dance shared and you know what's really hard to do in china, Jason, is get your money out. So if there's a first divestment, you get a chunk of the equity sudden lads liquid. That makes more sense to me than arguing the bite dance side of things are also will want to see a conflict between trust general china hawkish, less hawkish ness and uh, the technologies so quite a lot to say that um will be watching that space now.

U. K, censorship. You ask me a question, Jason said out.

Have people been arrested for social media posts in the U. K? And the answer is, yes, they have. And I, I have, I have the examples here, if you want to run through what happened in what.

please, because this is something that I keep seeing on twitter. People discussing these knocks at your door in the U. K.

You said something on twitter that was spicy or facebook or wherever, and the police show up to talk you about IT. Now we're not talking about a threat like a bomb threat. We all know that that the U.

K. Know know you. You're going to rightly, we get knock on your door and get arrested for putting in A A bomb threat. What you talk about, somebody saying I don't like x type of people or x people should get out of my country that is hate speech or its offensive speech.

And you and I would never say IT, but you know, IT is free speech and it's a different level of speech in the U. K. So i've been hearing overall, again from people from the U.

K. Was on the trigger nomex podcast and they were telling me that was true. And I was like, I get some examples of this because I I see people saying IT, but I haven't seen the examples. I'm very happy that you did work for us.

okay? So the first person, according to the U. K. Police, the first conviction for posting online in relation to the public disorder was Jordan harper, age twenty eight, jail for twenty months after pleading this, the guardian summary after repeating guilty to exciting racial hatred with facebook post in which he advocated an attack on a hotel in leads as part of the violent public deserted land at the time.

So at the other guide that was um brought to the police in the same time, here I was uh tiler k twenty six and he called for mass deportation and for people to be set fire in the hotels that they were housing asylum seekers. Here is one of the tweet set fire to all duck hotels, pool of duck. Roy, care if that makes me racist, so be so.

Both places here IT was not just saying I don't like italian people make an IT was much more incitement to violence. Now there are a handful of other examples, but all of this boils down to, critically, the public order act of one thousand eighty six, over in the U. K, O, K.

Two key sections, section one thousand, section twenty one, both of which say that a person is guilty if they intend disturb racial hatred in their other distributed britain material or recorded content. So quite literally in the U. K.

Since one thousand and eighty six, you could get in trouble for exciting racial hatred. But as we said, this is the first time a digital example that has been brought to kit bear and IT was, I think, much more about an incident to violence versus hatred. And that's the decision and why i'm not freaking out about this because I think my free speech absolute is when someone says we should burn their hotel out.

Okay, yeah, well, everybody, I think a hundred percent of people are going to say rights ing to burn a hotel down with or without like the actual intend to do IT is problematic to say the least because if you say that and a mentally ill person says, oh yeah, I agree and then they go, do IT you in fact incited IT now you can say the person is mentally ill but you you do have to be thoughts about these things and you know what um this could happen here in the next states where if you make a thread against the president and friend tom violence the secret service does visit you and they did visit um who was the comedian who had like a truck they had trump head and SHE held IT up member that yes but they also .

to him in his house he he actually wrapped about this and he had to say no I was talking about trump um using words not actions I am butchering the the x put there but this is so we have an equivalent .

here if you threaten violence against the president you or I I wonder if that goes to other elected officials I think that does. If you threaten violence against an individual, you can get a knock on your door. So this example, I think we would agree, probably you get a knocked on the door, probably have a taken down. I don't know in this country if you would actually go to jail for that or not.

So the the the cradle difference between the U. K. In the U.

S. Is that hate speech in the U. S.

Is protected. Hate speech, as we noted in the U. K.

Law is not, but where the two, uh, legal codes. And i'm not a lawyer. I did my best research here.

So if if we get this wrong, please let us know. But the difference here is that the similarities, that there's a concept of true threats in the U. S.

So when your speech becomes a true threat, then you lose, according to the spring court, your first women protection. And that's why, in the case of we described of people saying that burn down that hotel, to me, that does constitute a true ret. And I think this is one of those examples when it's very easy to say, oh, someone did a bad tweet in the U.

K. It's censorship. But a lot of the rules that have been put into place in the last couple years in the U.

K. To crack down on protesting so forth have come under conservative party. So keep in mind, this is also not entirely a party, an issue, but I think the U.

S. Is a Better system. I think you should be loved to say, what if you want. I also think people should be able to respond and not invite you to their party. If so.

IT would be interesting to see if a comedian like dave shaw, exedra, who frequently goes into comedy that might include ethnicity, ties, or gender or sexuality, uh, sexual preference, acedera, all these identifiable groups. I wonder if they would be arrested for doing that kind of comedy in a comedy club in the U. K.

I really doubt if I watch a lot of U. K. Economy and it's pretty ribble at times. Interest like if you watch question time or quite interesting or whatever, there's a lot of of after that relatively.

I mean, I would say that they're much more okay with making like um gay related jokes, like not not a home phobic jokes but jokes that might be considered to be on the margins in the U. S. Seem to be more tolerated um .

but there's A A joke about muslims or islamic immigration, maybe not as much. So uh I wonder if that is the case there. Anyway, we we are neo fights in this.

We've started researching IT. Please let us know if there's other tweet and examples because we have but one tweet that we've now shown. If this is actually a very persistent thing, I would like to see the ten tweet and talk about each one of them and how the law works there.

But this one more example, those things was set of completely atoms. So there was a twenty five year old men ethnical omen from a place newcastle upon time, which is the best .

name for a tomic .

ever heard of my life, new castle upon time. It's um he got uh sixteen months um I think a suspended sentence for a series of authentic ve tweet he quote um according to the local this report celebrity air, hitler, naughty german, I natig many White pronounce mass murder and noted extremist right wing material. He's not going to prison, but he did get in trouble.

And I think under the U. K. Law, as we have read here on the show, that would be illegal. But again, one thousand nine hundred eighty six law this is not something that was passing last twenty minutes to make conservatives feel bad.

Yeah so yeah it's interesting um interesting situation. I I don't have enough information on IT. It's great that we're getting educated on IT. And by the way, like in germany and france, i've talked about this before.

There are specific laws just about nazi memorabilia and you know, hitler and all this kind of stuff because, hey, they've got a lot of proper and and a lot of history there, and they've written specific laws on selling a nac prop ago. Remember, in the ahoo auction site got in trouble for having people sell, not the memorable a you know, which in the says we totally fine. And so there's a big question about not going to stop and even buying refined film.

When I was getting into my film, and I was think I was going to be a director, I had read her. I read a biography of her, her, the wonderful, horrible life of lenny refined all. And I was fascinated like he was an incredible director who I was kind of going down the rapid cursor and uh, his influence on George lucas.

And then I found out that the reef install had had an influence on George wicker as well. And if you look at all the the storm troopers and all those seeds, there are actually scenes from a film triumphs of the well, which I I think I either bought or I rented on network unit was like a male in service and I watch, oh, and I was like watching us. Oh, this is faster.

IT is just like. Star wars, where the way they lined up the platoons of storm troopers is literally and storm troopers obvious ly releasing uh not this stuff so is very interesting um these laws will keep monitoring them because you have any information Alice on twitter and magicians so just that mention us the other examples because I think one of the things that where is here is a lot of times of these things happen. They don't share the tweet for some reason. I don't understand that, but I think that take a big part of this is understanding .

what the posts were yeah vers talking about what they said.

What did they say? Yeah like I would like to see the actual tweet in question here. Like when you show the one like burn down the building, he's like, I don't care of the building burns down kind of like putting in in a hypothetical like I get the sense that bad guy knew he was doing something spicy and try to you know put a disco laim on IT yeah yes right in the language there he did say I don't care of the building bird down or something.

If I remember that showed, he didn't say i'd like to go burn the building down. You should go build the burning down. You kind of put IT in a hypothetical kind of situation.

I think in the U. K, they gave you a little bit less of a yes, you can claim you didn't know you were doing defense defense and I think that's just a choice that they made back. Let's move on to um yeah another very important story. H Jason, someone did I think you probably know what could be heading for, uh, status in the next administers as secretary of transportation leading to D O T.

This is of course, the meal, Michael, a former uber executive, not someone that I know personally, but just context for everybody was a long time exact over a uber during the hyper growth years, uh, was often called travel's clinics right hand man critically, also previously considered for the role of secretary of reputation under the previous truth admin lost in to elane co. But now is I think, the top of the list, Jason, to take on that role and quite a lot of folks and technology are very excited about this, including elon musk, dakota shai sarga. We have some tweet but I taken you .

know this guy yeah I know really well he is a an aggressive deal maker of deal makers um brought uh we reached the middle is did a lot of the um great deals with travis right at man for a while um and he would be extraordinary to have like a business executive in that position as supposed to just you know someone uh you know politician because I think he'd actually gets have done he would look at something like high speed rail or self driving or vetos you know, in an obviously like the D O T doesn't do everything in a lot of things for our rules.

Self driving or but just to have somebody in the obviously maintain their own disastrous high speed well bond GLE. But there would be great to have more people who could aggressively come in there. And I think branding car falls into this, although I don't know what branch did before he was in there.

But I just think it's, you know, all the drama around these trump appointments. There are some that a zwack pack, bizarre election, legion of doom, whatever in people's mind, uh, grateful ly wrongfully, whatever. But I do see like little bits of hope of efficient people.

And again, I said that at the top of the show you don't have to like trump to like the idea of less government and less spending and getting the budget under control. That's my number one issue. So I gotta be intellectually consistent.

I think someone like a meal going in branding, going in, uh, the vake you on, you know, those kind of folks are going to come in and cut things at the size of things and make IT more efficient. So yeah hopefully and IT has to be done by fully. You can come in there is not a private company is like you going into twitter.

You can't just go in and just nuke stuff. There is going to be a process here and the machines is gonna light IT. You know, you go in and you say, I wanted to give back this thing that's in the chip's act, right? And I think we talk about this last week, I think you pointed that out like, okay, I fought for that. I got a bunch of jobs for my constituents and now i'm giving IT back like you might have republicans like you. I'm not doing IT.

I had a very small majority in the house later, know a lot of votes then, and only a couple of senator. So if you lose even a handful of folks because the year things can impact their desert to their state, he gets tough pretty quickly. Uh, Jason, just to make everyone sure everyone is aware of this, the, uh D O T is the federal aviation administration, the national highway trafic safety ministration, federal highway ministration.

The pipeline and hazardous materials safety added is a lot of stuff. This is a agency with five thousand people. So a good, interesting test will be to the efficiency and waste point. How many people are still epithetic and how much is this budget change from A D A billion and chaos and twenty one by the end of the mp administration? And i'm curious to see how much waste there is inside of a more targeted big nuk pick.

Any agency, what do you think the wastes if you had to pick up percentage? R yeah, to end an average? no. Give me your average. What do you think the average cuts that could be made on a percentage bases and have zero impact on the services they provide and in fact, make them more efficient because you will be putting percent of people who are just not super dynamic and profit picked to be cleared.

You're talking about the administrative costs, not the dispersion of social security checks like actually doing amounts go to medicated recipient. And so what .

I guess there's two questions there. So let's go with the institutions, how much waste desire in terms of their Operations. And then you know like welfare checks going out, we know there are some a meta fraud waste there.

but let's put that outside OK. So on the personnel l side, I bet if we could, with a perfect laser point scalpel, probably excise thirty five percent of people without any dramatic loss.

I literally said one third in my mind. So where exactly? And think one third could be caught. And IT would be just as good. IT would have no impact.

So if you can find the right people though, and I am worried, what we're going to do is we're going to use more of a meat clever, yeah. Then a salad fork to make a una business. And gy, but now here's what happens.

I watch elon do this up close and personal OK. I was there for the first thirty days of the, you know uh, twitter take over yeah my involvement has been wae way over emitted by everybody talk about IT because people then think i'm trading on you land's family name or you know, whatever. I was asked to help out, I help that on the margins. One of the things I noticed when he wanted this was, you know, he was incredibly thought for love that while putting IT to save the company because the company was hammering in cash and they were planning on their own rif.

One of the ex before he bought that they were gonna a very significant people feel like we saw google and microsoft and everybody else do shortly there after um he mailed everybody said, hey, we've made these cuts if we made a mistake and you should be here and your job is critical and you think we made a mistake, we are going to make mistakes so simply email me, this is my email and the remaining team and explain to us why you should be back in the office this week, you know, and we made a mistake, and we will give you your jab back. You really said that to them. And you know what happened? Some people did.

They said, hey, I do this mission critical thing. I think, you know, community notes is really important. I don't think community notes was one of them where there were some cutting community notes.

And you know what you see you talking about community at all time. I was like, o okay. And remember the community notes team coming in and explaining to why this was essential. And you on the media like this is essential.

Carry on, right? This should not be cut. And you see community notes, a super vibrate and one talks about IT all the time, actually kind of works. I've been community noted a lot of time, and I and i'm part of the community notes thing or I get asked to vote on .

IT you get us to vote on and as well I don't and I I pay, I pay.

I think you have to go in there, by the way, and uh, opt into being exerted. So go into next next time, see community, click on IT and apply to be in IT because I think they want you to apply, they don't want to random going in there, but engh it's really simple .

approach applies to four hundred thousand people OK. So you so just get not not trying to be a past year, but just try to understand. So let's say both in a elon cut.

eighty percent of Peter style yeah so here if you got twenty out of the D O T OK.

if you you cut twenty .

out of the D O T. And you said to them, hey, we have to do a reduction in force. We have have to stop spending this much money. We've vast the managers we looked at, you know, who's actually showing up for work we're doing, return to office.

If you don't want to return to the office, you can opt out and you kind of gave people like, hey um to the managers I need you to you have you know if you have a hundred people in the department, you need to get to eighty. Please give us your submission and then they let those people go and they said to the eighty remaining, hey, with this, the email was like, hell icy. You like, go.

But if you think you shouldn't, like, let us know why. Yeah, write us a letter. And three more, three of them did IT, and they came back, great. So they are at eighty three, and you save the american taxpayers seventeen percent of the budget, great.

seven of the perl budget. And that's the thing that I think that people actually be over restitution is how much money we spent on salaries versus programs. And I you know, I mean, James, if we ran that playbook exactly across the federal government and we ve got out of seventeen percent, so eighty three stayed, seven left across every department, I don't think he would add up to a material sum against our outlays and will be a start.

I start here. I mean, you have to ask yourself, if every administration at eight, nine trillion more dollars in debt, if this woman went sideways and added nothing, that would be a huge win. Little warn if we could cut five, ten percent a year, for if we could five percent a year, somehow we can magically do that. I mean, that would be a miracle if we .

started paying down our debt. Oh, my G I A A got damn regan clone like this. This is my thing that i'm terrified about you. But I I just think that we're talking about smaller potatoes and extending tax cuts when there is a multitrillion dollar leaver in not extending the tax cut and jobs act. And to me, it's a little bit while that were were focusing on haircuts versus decapitates.

You know my guess is you you might not believe this, but trump at times can be hyperbolic. No, yeah, 就是 back up for a second。 Sometimes say that are way hyperbolic.

And he'll say he wants to deport fifteen million people and then hold the port one hundred fifty thousand miles. Criminals or in jail would never had their citizenship to begin with. So I have a feeling it's like kind of one of these things, hey, we're going to make these massive cuts.

If they just throw spending and then made five percent cuts every year for four years, that would compound to like a pretty significant turn around since clinton baLances the budget and had a surplus. So anyway, i'm looking for all the a meal mics yeah and a meal mice awesome. So and and you can not like trump and like some of the appointments and I was .

about to argue IT. So one of the news stories that just came out to bomberg peace came out yesterday that what trump team is seeking to ease U. S. Rules for self driving cars.

And if you were going to pick somebody to take point on that, I think a meal, Michael, will be a pretty sure that even that is time a uba sell driving cars. And so, and so here's a place i'll do IT. If the trip administration makes IT easier to have steering wheel and pedal free soft driving cars, I will give .

them five is awesome. great. So I mean, this is, and also, I put message to my liberal friends who are freaking out about all this.

He won. He has a Mandate. He won by three million votes.

He went all three branches. They get to give the shot. So support them and hold them accountable. You can do both those things. Support them, yes, and hold them accountable the end.

We always have to do this when the republican wins. When when in democrat wins, this is an outgoing, you know, republican sight, nominates spring court justices. So i'll take that if you can get your friends to agree to IT too. In the meantime, I don't .

exam to do that.

yes. Well, i'm not going to unattractive ARM myself, I guess but I I in a perfect .

world yeah so yeah agree with I have that recently right?

I guess yeah, I don't remember minute.

Interesting question that came out, by the way, of this question here. Hunter freeman says bike dance valuation still rising with women U. S. researches.

why? Why is this happening for you? Think like I think .

why would this valuation go up? I think good. And I think that there's also A A slight replacing in excitement for technology products in I think the government they are realizes that they cracked on way too hard on tech post jack mom, making the most anaya common critical of regulation of all time.

And I think they're trying to reinflated the animal spirits and just i'm not quite sure that's going to be possible. Um and here's a chart showing a changes to uh baLance worth over time, as you can see, went up when back down is coming back up again. But I I think it's a solid business. And I think even a diversity of tiktok, they retain some equity owercome PS, like I can perceive that all going well for them. And Frankly, china will always be a place where investors are going into place bets even with the issues just because, as they noted earlier, the show the market so .

big yeah what I would say here is the market is also pricing in a resolution yeah so too big to ban would be yeah too big to ban yeah yeah .

it's in to fail version but it's the social media equivalent of IT know uh, you know, just I GTA say I think this show today was reasonably upbeat.

Look at us. absolutely. Listen again for people who are freaked out, not saying you don't have a reason to be breathed out but um let's be supportive of things we agree with and you should be vigilant things so you disagree with.

I think somebody should create a website of um all of the things trump promised if you like. This would be like a really interesting thing to do with politicians and I haven't seen this done by like an independent person. But this would be like a start of idea.

I would actually back if somebody just put quotes of everything a politician promise and then, uh, track them over time. So coel, if he had one promise, that point five thousand dollar down payment, right? Uh, and he promised like some start of funding for african american men.

Okay, great. Like put those things down. Let's track them over time. The same thing for trump.

If truth said he is going to port fifteen million largest deportation ever, put that down. Uh, and then if J. D said, hey, we're going to do IT one by at the time, like a sandwich. I we're going to take the baLance that, okay, put that down as well. Put the quote when they said IT the date, put many days it's been automatically and then track their progress and then you could actually give a lot of score card, but at least you could track these in a reasonable way. And I don't know why that doesn't exist.

Like so a lot of fact, I just found .

this. We can IT. Is that a private organization? Is that a from a university? I don't know who runs pull in effect.

So here is the biden promise track now I don't know the do is for truck, but he does keep tabs on what they've done. And isn't your maker good? How parties in early? How not parties in early? How good of a judge they do on actually getting these things um but you can definitely see that oh.

here IT is it's it's run by the pointer institute. I've said Peters burg, florida so that would be left leaning I guess pluto fact is an american nonprofit project, harper by point, no institute. They are like the um yeah there are what .

I like here is the they really break down sources, owner ship of how they approach things like I don't mind if someone is left to right linny if they tell me how they approach data and making decisions because then I can i'm in adult, I can bet .

from there yeah, yeah, yeah. awesome. Alright, what an episode. Uh, we ve got a big lots of stuff on the docket for the rest of the week. His, alex, i'm jazan a sense ideas for new stories. And if you know who the main character is at the moment, or do we have in video earnings this week.

earnings in video earnings this week? I'm behind on my economic calender work because I had to spit up a baby last night. But we will have all our discovers as critical on the show. We're going to do just the companies that are the most important that are moving the markets.

great. awesome. So let's put that on the dock. And then I know there's a lot of IPO action going on, so go through that uh, and will see you all next time. Byebye, everybody.