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Jack Armstrong
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Jack Armstrong
Broadcasting live from the Abraham.
Kevin O'Leary
Lincoln Radio studio at the George Washington Broadcast Center.
Jack Armstrong
Jack Armstrong and Joe Getty.
Kevin O'Leary
Armstrong and Getty. And now here's Armstrong and Getty.
Joe Getty
The reality is it's the most complex supply chain in the world and they're able to make them at $1,000 is because of the supply chain that's really been built over the last decade. You build that in the US there'll be $3,500 iPhones. It would take Apple $30 billion and three years to move just 10% of the supply chain to the US who is that giant tongued human? Dan Ives, tech head, whatever that is. I had trouble understanding him. Okay, that party threw in at the end because I was about to say, oh well, yeah, if starting today you had to make iPhones in the United States, they would cost 30 $500 is not hard to believe, but there'd be all kinds of adjustments around a variety of things to make it as cheap as possible that I'm sure Apple would come up with something. I no doubt they'd be more expensive than, I don't know, child slave labor in China or whatever we're using to get our products.
Kevin O'Leary
You can't beat slave labor for cheap goods, folks. There's just no denying that.
Joe Getty
Oh my God.
Kevin O'Leary
Our tech industries have shown us the way. I it would be substantially more expensive, closer to the big number than the current number from everything I've read. But yeah, well, that is many years again, as he mentioned.
Joe Getty
So we got some people that are going to some boosters for this plan you'll hear from in just a second. Not a booster. David Sanger in the New York Times today. Of course he's a lefty, so he's going to be against this. So are a lot of the conservative economics economists. I've seen, like practically all of them. But this whole Chinese tariff thing that kicked in last night on China, 104% tariff on Chinese goods coming in the United States starting at midnight last night. And as David Sanger points out in the New York Times today, that is everything from car parts to iPhones to practically everything that's on the shelf at Walmart or on Amazon's app. That's a lot of stuff. And if you, he points out, if you remember how quickly the supply chain problems showed up during COVID you have a little bit of knowledge of how short the turnaround is on shelves. Shelves were empty at Target and Walmart like within days when the whole Covid thing hit. So it's not going to take long before these tariff things kicked in or the tariff kicks in and you're paying more or there's just not stuff there. I think it'll be pretty noticeable like next week.
Kevin O'Leary
One of the great developments of the modern world which has saved all of us money is the just in time delivery system, the computerized inventory systems. You don't need gigantic warehouses full of say paper towels. You know, in case there's a problem, you've got six months worth of paper towels as a retailer. No, you just, you order them when you need them, they show up just before you need them, you put them on the shelves. On the other hand, if there's a big disruption, obviously there's a big disruption. I just, I believe, as I indicated last hour with pretty good certainty, not great, that with the exception of China, all the trade war stuff is going to be very short lived. Now the China stuff, which I admit is a huge issue in and of itself, I have no idea how long this lasts. Well, wow.
Joe Getty
And if it lasts very long, I mean you talk about the heart of Trump's voting base, that crowd that shops at Walmart and if they start seeing things much more expensive or not there quickly, it'd be interesting to watch how the politics plays out on this. What, what people's tolerance for pain is with the belief that it's worth it for long term manufacturing coming back. We make the stuff here. In the long run it'll blah blah, blah. We all know that.
Kevin O'Leary
Yeah. Donald J. Is in the White House thinking he China, you need us more than we need you. And Xi Jinping is saying you need us more than we need you. Let's get it on.
Joe Getty
Yeah, it's interesting. One thing that David Sanger mentions in this piece is that there were all this happened. I mean this is a pretty big deal because China has retaliated. That's breaking news today. If you haven't heard it, 84% tariff on US goods going into China, whatever that's going to do. All of this happened without by American and Chinese accounts. According to the New York Times, there was no conversation between Trump and Xi or engagement among senior aides before the countries plunged into this trade war. So there was no conversation to try to derail this. They heard about it in the news. We heard about it in the news. We're not talking to each other over this.
Kevin O'Leary
Right, right. Well, Trump obviously decided to go with his playbook that he's been using on all countries lately. Well, almost all countries. In all instances of no, we're going to institute the draconian tariffs and you're going to back down. We're not going to talk about it to avoid it. No, I'm going to enact them and then you're going to back down. And Xi Jinping said, no, I'm not. Where it ends, nobody knows.
Joe Getty
So here's Senator Tom Cotton, Republican hawk on China, talking about this. I think one of the best things President Trump has done in the tariff announcement is what he's done with China. Not just starting with 20%, adding 34%, threatening them that if they retaliated he would do more, which they've done. He's moved it down to another 50% and he's closed the de minimis loophole, which allowed companies like Temu and Sheen to exploit American businesses to ship goods here that are cheap junk without paying any tariff whatsoever. So I think that's part of the.
Kevin O'Leary
Most important thing President Trump has done in these tariffs.
Joe Getty
Tom Cotton, a smart guy, he's on the side of this re China. So I'm happy to hear that. You want to hear somebody else bringing the fire in support of these ideas? Kevin O'Leary, maybe you know him if you ever watch Shark Tank, he's one of your big venture capitalists, super rich, powerful dudes. And he was on CNN saying this.
Kevin O'Leary
104% tariffs in China are not enough. I'm advocating 400%. I do business in China. They don't play by the rules. They've been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in. For decades, they cheat, they steal, they steal ip. I can't litigate in their courts. They take product technology, they steal it, they manufacture it, sell it back here. Never has an administrator 400% tariffs.
Joe Getty
What would that look like?
Kevin O'Leary
She on an airplane to Washington to level the playing field.
Joe Getty
Let's hear a little more from him and then we'll, we'll discuss.
Kevin O'Leary
This is not about tariffs anymore. Nobody has taken on China yet. Not the Europeans, no administration for decades. As someone who actually does business there, I've had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese I have nothing against the Chinese people. They brought great literacy, art, and tech to the world. The government cheats and steals. And finally, an administration. You may not like Trump, you may not like his style or his rhetoric. Finally, an administration that puts up and says, Enough. 400% tariffs tomorrow morning.
Joe Getty
How about that?
Kevin O'Leary
I love that we are such a heroin junkie for cheap Chinese crap and labor and the rest of it. You know, the argument that I can hear the gal on CNN starting to make was that, well, you know, if we give up this heroin, we're gonna puke and sweat for days, and it's gonna be really uncomfortable. And what Kevin O'Leary's saying is, this is way beyond overdue. And he's right. We cannot be utterly dependent on an overtly hostile regime that's also powerful enough to bring the hurt. It's insane. So putting aside the whole Britain and Canada and Mexico stuff, which a lot of it I think is way more damaging than it needed to be by Trump, I'm with him 100% on the Chinese stuff. We've been talking about this for years. It's got to play out. It's not optional. Whether we decouple to the greatest extent possible with China, it is not optional, and it's begun.
Joe Getty
It's interesting that he talks about how much China breaks the rules. You know, there are all kinds of trade, international trade rules, and they break the rules all the time, and they pay no price for it.
Kevin O'Leary
Anybody who's ever done business for an extended period can think of, you know, a business relationship, maybe an employee or employer or a client or whatever. It was a scumbag. And just. You didn't like them personally, but you did so much business with them, it was a net positive, so you just dealt with it. That's China. China is a scumbag as a trading partner, as a manufacturer, as an everything. But it was so profitable and so attractive, so cheap. You just thought, you know what? It's still a net positive. But, you know, you get farther, far enough down that road, and you find yourself just all sorts of vulnerable to the aforementioned scumbags. China is as important as all this is, Jack. I think this might be more important. A good longtime friend of the Armstrong Getty show just texted me. I'm traveling and noticed dudes are now wearing yoga pants. Wtf, huh?
Joe Getty
I haven't seen that.
Kevin O'Leary
Men wearing yoga pants to fly. Come on in China. Come on in the Axis powers. We never would have worn World War II in yoga pants, Jack. There's no arguing with that.
Joe Getty
Yes, Katie, if I saw a dude.
Kevin O'Leary
Wearing yoga pants, my gaydar would explode.
Joe Getty
Hmm.
Kevin O'Leary
I could not think of a straight.
Joe Getty
Man that would put on a pair of yoga pants.
Kevin O'Leary
There are pants of various styles so comfortable and flexible and light. You don't even know you're wearing them without donning the yoga pants.
Joe Getty
Well, how comfortable do y'all need to be? Very comfortable. I just don't understand the.
Kevin O'Leary
I have chafing issues.
Joe Getty
Never ending pursuit of maximum comfort. Like you're laying in bed for everything you do, work or travel. I just. I don't quite get it.
Kevin O'Leary
Wouldn't it be uncomfortable though?
Jack Armstrong
Because yoga pants are tight.
Kevin O'Leary
Well, right. And I don't know how much you know about the male anatomy, but there are things that don't respond well. Too tight. Or maybe they're not there anymore. Maybe these are, you know, mid transition. Fellas, the lop.
Joe Getty
It operates.
Kevin O'Leary
Certainly the feeling you're giving out if you are rocking the yoga pants. Boys, seriously, one man to another, cut it out.
Joe Getty
My son and his friends with their. Some sort of slip on shoe and like pajama pants and a big sweatshirt. It's like. It's like everybody rolls out of bed and does their life every day. I don't know if this is gonna last forever.
Kevin O'Leary
That was.
Jack Armstrong
That was big in high school.
Kevin O'Leary
A lot of high schoolers wear pajamas out. It's like the high schools, Katie, back in the day. Combat boots, double thick jeans, just in case.
Joe Getty
Three piece suit with vest.
Kevin O'Leary
Gee, stop. Fighting gloves, brass knuckles. That's the way we went to algebra class.
Joe Getty
By God, we can't go any further down the comfort road. I mean, we're at the maximum end of it, I think.
Kevin O'Leary
Yeah, I mean, I was gonna say other nakedness, but that is distinctly uncomfortable in a variety of weather conditions and.
Joe Getty
Or the presence of insects or a hot park bench.
Kevin O'Leary
Well, that's another excellent point. So, yeah, I think we are at the height. So are Trump's tariffs legal? What are the. The court fights that are about to start? Trust me. What are they gonna look like? We'll hit that a little later in the show. Maybe this hour, maybe next hour. If you don't get next hour, grab it via podcast. Armstrong and Getty on demand. Idaho has become the first state to legalize firing squads for convicted pedophiles.
Joe Getty
Wow.
Kevin O'Leary
Stay with us for live team coverage.
Joe Getty
And I just saw this breaking news. Defense Secretary Pete Hegseth's top advisor is recommending the Defense Department cut ties with the Boy Scouts for being too woke. I hate to Hear that?
Kevin O'Leary
I do too. I'm a fan of scouting that.
Joe Getty
Yeah, I'm gonna look into that. Anyway, got more on the way. Stay here.
Jack Armstrong
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Jack Armstrong
You see a headline but don't have time to read the whole story. Or there's so much news you're not sure what is worth your time. I'm Colby Ekowitz, co host of Post Reports, the weekday afternoon podcast from the Washington Post. Post Reports brings you what's relevant and revealing. Breaking stories, politics, wellness, culture. Each episode goes beyond a headline for the context you need. Find Post Reports now wherever you're listening.
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Joe Getty
That is a guy demonstrating how to fold a fitted sheet. Is the crowd chance fold that sheet? And apparently he can fold a fitted sheet. And how do you do that? Because I've never been able to do anything other than more or less wad up. Wad it up in a ball and shove it in a closet.
Kevin O'Leary
To me, the operative question is more, why was there a crowd there?
Joe Getty
It's a decent question.
Kevin O'Leary
Well, I marvel at his skills. Indeed. What was going on there, Katie?
Joe Getty
I. I have no idea.
Kevin O'Leary
I think that Michael, was that you? Yeah.
Joe Getty
He. He could fold the sheet though. Yeah.
Kevin O'Leary
It's a guy who used social media and got 700 people to gather around and.
Joe Getty
But does he have a skill for actually folding the sheet? That's what we care about. Because it's one of the great annoyances of life.
Kevin O'Leary
I assume so. I just thought it was good audio, you know?
Joe Getty
You haven't seen it? Okay.
Kevin O'Leary
No, I haven't seen.
Joe Getty
No one's seen it. Okay. So that takes the fun out of it.
Kevin O'Leary
I have seen a woman question isn't whether he's good at sheets. What the hell are hundreds of people doing?
Joe Getty
That's what I was saying. If there was a guy within an hour's drive that could show me how to fold a fitted sheet, I would drive there this afternoon.
Kevin O'Leary
Oh, stop it. I have seen a few women that actually lay it out upside down and they lay down in the middle of it and stick their hands in and then fold their body together. And I've seen that work, but I.
Joe Getty
Have not tried it. And then you have to stay in it like a mummy. Or do you get to leave, you.
Kevin O'Leary
Get to leave the woman after she does that or what it sounds. You fight your way out. Wow. Okay. Did you have a story about the, the military? Do you even have time?
Joe Getty
I was going to mention that, yeah. This is breaking from NBC News and I don't know how big a deal this is. I'll look into it more later, but it just came out. Senior advisor to Pete Hegseth, who's the Secretary of Defense is for the military to cut ties with Scouting America. They're tied quite closely. I don't know if you know this. My son just got into scouting and there is, there is a fairly consistent line for a lot of people, especially like Eagle Scouts who end up in the military and do well. And there are benefits to getting into the military if you've got the scouting background, blah, blah, blah, blah. But the sec def is being recommended to not give a speech he was supposed to give to scouting that it's been captured by the woke and we'll look into this. I had hate for that to be true. I mean then changing their name, that doesn't bother me as much as does a lot of you. I, I realize it's like giving in to a certain sort of attitude. It's the, it's the inside behind the scenes DEI stuff I'm more worried about than the changing of the name.
Kevin O'Leary
Yeah, I, I would like to know more about why that advisor advised that. I. My initial reaction is, hey Pete, go in there and deliver a barn burner. Fire the boys up. Talk to them about patriotic values and service and the rest of it. Let's, let's not leave scouting to the lunatics.
Joe Getty
Well, I, my son has signed up for a day long DEI training session. And I'm not just using the term DEI like it looks like DEI to me. That's what they're calling it.
Kevin O'Leary
God help us as part of the.
Joe Getty
Boy Scouts for some sort of badge you get. So I'm a little concerned about it.
Kevin O'Leary
A little. Well, I'm going to stay out of it because it's you and your son. So I'll let you speak any words that are spoken on the topic. I myself am horrified by the idea.
Joe Getty
But as I said last week, so many amazing volunteers that make that whole thing work. I mean just amazing people dedicating their time. But let's say build fires and you know, float around in canoes and learn to climb mountains and stuff.
Kevin O'Leary
No dei Speaking of the Defense Department, there have been a couple of headlines that have gotten very little attention in recent days in in the bad news, a judge has said no, you can't ban transgender folks from various jobs. Good news is Pete Hegseth went away and said, or went ahead rather and said men and women, same physical standards. Of course. We'll talk about that coming up.
Jack Armstrong
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Tom Cotton
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Jack Armstrong
Get caught up on a lot of news. It's called the seven from the Washington Post. It's a newsletter and podcast. Whether you're reading or hit play, you get seven stories you need to know and you can consume it all in just a few minutes. The 7 is out every weekday morning by 7:00am Eastern. I'm Hannah Jewell, I'm one of the writers and I host the show. Find the seven podcast wherever you're listening. The newsletter link is waiting for you in the show Notes.
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Joe Getty
When does the average person panic with their phone battery percentage and it's according to CBS evening news, it's 34%. That's when the average person panics. 34% is getting kind of low.
Kevin O'Leary
Can we talk about the word panic?
Joe Getty
I don't know if panic is the feeling that I get. I think it's more of a I should probably plug this in soon, which.
Kevin O'Leary
Is I remember when a guy with a knife was chasing me through city streets. That was something like panic. My cell phones down to 30%. That is not much like that.
Joe Getty
And the latest on the chicken jockey phenomenon. What is to how it's growing. I might actually go this weekend and participate with my son.
Kevin O'Leary
I have an important story in just a moment, but I can't resist this big day in college baseball yesterday in Teaneck, New Jersey, where both of my parents grew up. Did they meet there in high school? Yep. Lehman College with its 42 game losing streak came up against Yeshiva University and their hundred game. I'm sorry, at the time, 99 game losing streak.
Joe Getty
Well, how Many seasons is that combined.
Kevin O'Leary
141 straight losses between the two teams. Here's the exciting part, Jack. They played a double header. Layman won the opener. But Yeshiva stormed back in Game 2 and captured the victory. They both have a win. I tell you what, you got the two losing his college teams in the country. You've got to play.
Joe Getty
Wow. How many seasons is a 100 game losing streak? That's gotta be years.
Kevin O'Leary
It's gotta be a couple. Yeah, two or three.
Joe Getty
Tough. That's tough on the kids, tough on the coach, tough on the fans, the parents. Cause my son's volleyball team just went through a losing streak and it's got, you know, the players get down, parents start to think what am I doing here?
Kevin O'Leary
Yeah, the all time losing streak. 228 consecutive games the Caltech Beavers lost from 2003-20.
Joe Getty
Caltech has sports teams.
Kevin O'Leary
That's their wrong conference or something.
Joe Getty
Why do you have sports teams at Caltech? You're all a bunch of Nobel prize winning scientists.
Kevin O'Leary
Final note, Yeshiva alumnus and comic I ton Levine called the matchup quote statistically the worst baseball game of all time. Anyway, congratulations to both the teams capturing a win. So this is the sort of self evidently reasonable thing that should be completely unremarkable. But we had gotten as a country so far off track, the track being common sense and reasonableness, that this seems notable. Pete Hegseth the other day, I've been wanting to get to this for several days, signed a memo ordering the military to adopt the same standards for men and women serving in combat roles on Sunday. Which is again so self evidently reasonable. I can't believe there's an argument over it.
Joe Getty
If you can perform the same whatever the requirements are set by military people that know how many push ups you need to be able to do or how fast you need to run a mile or whatever to be fit to serve in battle. If you as a woman can do that. I don't care if it's all women army, it doesn't make any difference to me. But you all got to meet the same requirements.
Kevin O'Leary
You know, unless there's a disruption of troop cohesion because of the sexual dynamics which has been a part of every military in the history of the world. Don't tell me it doesn't matter because it does. But I agree with you in principle 100%. And the argument from the women should be in combat people all along has been they're up to the task. They're up to the task. Okay, well if there are standards for the task, which is what those standards are, then they have to be able to meet them. Anything, any conclusion other than that is, is bizarre. It's idiotic, it's unsupportable, and it's dangerous for both the men and the women in question anyway. So well done, Pete. A judge said now, the transgender thing, you can't do that. They tried to ban transgender people from serving in the US Military. It's a preliminary injunction that will be.
Joe Getty
Fought through the courts for a while, I would imagine. So there were two assassination attempts on Trump, as we remember. The one where he actually got shot, the scary one, and then that other one at the golf course, which anybody who downplays that just doesn't even understand. He, he had no vision of the President. Yeah, well, in five minutes he would have. And he'd have put a bullet, right? Yeah, he would have killed the President. He was laying in the bushes with his gun pointing out and thank God a Secret Service agent saw it. But there's some new information on that dude that came out yesterday. This is from ABC News, Brian Ruth's apparent obsession with assassinating President Trump before he allegedly stalked Trump on his Florida golf course. Prosecutors say Ruth, a fierce supporter of Ukraine who had visited the war torn country multiple times, reached out to an associate there. His request, send me an RPG, rocket propelled grenade or stinger surface to air missile. Prosecutors claim Ruth desperately wanted to blow up then candidate Trump's plane, writing, I need equipment so that Trump cannot get elected. And now the FBI says Ruth could have had an even more powerful weapon after he first tried to buy a.50 caliber rifle capable of piercing body armor and slicing through car doors. That would have been something. I don't know how easy it is to mail an RPG or a shoulder flyer fired missile, whether that can get through the mail or not. But you can get a hold of 50 caliber guns in the United States. And I'm glad he didn't. And I'm glad he got caught before he was able to pull anything off.
Kevin O'Leary
Right, right.
Joe Getty
This is a dumb story. Before we go to break, as you all know, Hooters has filed for bankruptcy. And Hooters is ditching bikini nights, which I didn't know they have. I, I don't know if the waitresses wear bikinis or the customers, the customers.
Kevin O'Leary
I'm not wearing pretty.
Joe Getty
Hooters is ditching bikini nights in favor of charity family friendly dining.
Kevin O'Leary
Oh, boy.
Joe Getty
They're gonna do some sort of charity night for families to come in. I guess this is before you go, before the bankruptcy judge, you know, for better treatment. I don't know what that is.
Kevin O'Leary
I was gonna say show of hands, everybody who thinks this will work? Anybody? Show of hands.
Joe Getty
I think you hope the judge is a guy and you have the chicks in the weird nylons like it's the 70s and those weird shorts, and I don't know who ever came up with those outfits in the first place.
Kevin O'Leary
Well, and as you've pointed out many times through the years, every damn sports bar, at least half of them in America, have attractive young women dressed in a provocative way serving the drinks and the wings. I mean, Hooters is utterly not unique of the genre.
Joe Getty
One more thing I wanted to jam in before we take a break, and then we'll learn more about Chicken Jockey. And then something of substance. I don't remember what it was. Yes, it is true. Chinese troops were caught fighting for Russia in Ukraine. That has been nailed down now. I remember when that was a red line for the Biden administration. The idea of Chinese troops fighting. I don't know if it's a red line for Trump or if we're all just going to kind of ignore this. Seems like kind of a big deal that China's actually providing soldiers right now.
Kevin O'Leary
The Chinese stance, the government stance, was, oh, we've warned our people to stay far away from any war zones. These are not our soldiers. These are misguided souls getting a little.
Joe Getty
Less proxy and a little more war. When you actually have Chinese soldiers fighting and North Koreans.
Kevin O'Leary
Yeah.
Joe Getty
Geez. That's frightening.
Kevin O'Leary
Because North Korea doesn't go to the grocery store for milk without asking China whether it's okay. That's a bit of an exaggeration. But, yeah. The fact that there are thousands and thousands of North Koreans there, that's. That's not gone unnoticed by China. They permitted it.
Joe Getty
So I got one kid that went to the Minecraft movie and one that hasn't seen it. And if you're a kid and you haven't seen the Minecraft, especially a boy. If you're a boy and you haven't seen the Minecraft movie, well, you're on the outs socially. You just. You got to see it because it's the biggest phenomenon going. Well, if you're planning to go to this weekend, you're going to drop your kid off, you might have to go in with them because they're changing the rules at a lot of movie theaters. Explain that. Coming up. Stay here.
Jack Armstrong
Armstrong and Getty. Hi, I'm Cindy Crawford, and I'm the founder of Meaningful Beauty well, I don't know about you, but like I never liked being told oh wow, you look so good for your age. Like why even bother saying that? Why don't you just say you look great at any age, Every age. That's what Meaningful Beauty is all about. We create products that make you feel confident in your skin at the age you are now. Meaningful beauty. Beautiful skin at every age. Learn more@meaningfulbeauty.com Thumbtack presents the ins and outs of caring for your home. Out uncertainty, self doubt, stressing about not knowing where to start in plans and guides that make it easy to get home projects done out word art sorry. Live laugh lovers in knowing what to do, when to do it and who to hire. Start caring for your home with confidence.
Kevin O'Leary
Download thumbtack Today people choose Morton Buildings.
Tom Cotton
To build a variety of buildings for their property any time of year because they know Morton Buildings are built stronger, last longer, and look better. If you need a garage, a stall barn or a storage building for an RV boat or other vehicles, a shop for your farm hobbies or car restoration projects or anything in between, Morton can create a building for you that's attractive, easy to maintain, and dependable enough to stand the test of time. Just visit MortonBuildings.com today to find out more. They use quality materials and expert craftsmen with an industry leading warranty to ensure your structure is enjoyed by generations to come. Morton buildings is 100% employee owned with thousands of satisfied customers. That means they're the industry leader you can trust. To get started on your next building project, visit MortonBuildings.com don't delay. Construction schedules are filling up fast, so now's the time to start planning your building project with Morton. That's MortonBuildings.com.
Jack Armstrong
I'm Molly Roberts.
Kevin O'Leary
And I'm Drew Goins. Each Friday on Impromptu we talk through the questions we can't stop thinking of.
Jack Armstrong
Do we need to rethink how much we drink?
Kevin O'Leary
Why are companies really asking workers to come back to the office? Does boycotting a business actually work? Should we quit social media?
Joe Getty
We're here when the news gets personal.
Kevin O'Leary
And the headlines hit home. Join Molly and me every Friday on Impromptu from Washington Post Opinions.
Jack Armstrong
Find Impromptu Wherever you get your podcasts.
Kevin O'Leary
You know how we're always talking about what's next? Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane and the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku Next race Miami, April 12th.
Jack Armstrong
So what is a chicken jockey? The official definition.
Kevin O'Leary
A child zombie who rides a chicken.
Jack Armstrong
Of course. This morning that craze around chicken jockeys causing one movie theater in New Jersey to take matters into its own hands. Instituting a new policy. Minors will now have to have a parent or responsible adult with them if they want to watch the film. The Township Theater in Bergen county writing in a statement that a group of boys engaged in completely unacceptable behavior including vandalism. They also received multiple complaints from other moviegoers who were trying to enjoy the film with their families.
Kevin O'Leary
The manager called us and said that the theater was in bad shape.
Joe Getty
He said, okay, so that's one theater. Although there are theaters all the country where during the biggest movie of the year so far, the Minecraft movie, during that particular scene, people start throwing popcorn and stuff like that. I think that's gonna grow. I anticipate this weekend to be coast to coast popcorn throwing which I could feel like I could participate in myself. Popcorn throwing is not the same as like throwing a pop. Very different thing. You sweep up the popcorn, you know.
Kevin O'Leary
So you don't think America's adolescent boys will heed the call from network news to calm down.
Joe Getty
I just think it's. I was thinking about this yesterday. It's the most common thing in the world with teenagers and you just hope you have it at the right level. I guess young people need to feel like rebels and most of the time their rebelling is so minor and nothing and really laughable. But you know, you want to let them have their moment of being a rebel. I mean, yeah. I've heard so many teenagers in my life brag about the rebellious thing that did. That was just some nothing. It was just a nothing big deal. But. But they have to do it. It's something the way we're built human beings and good if. If this may. If this gets you or I'm a rebel out of your system and is as it's as far as you go. That's fantastic.
Kevin O'Leary
Throwing some popcorn as a big fan of free range parenting and let them grow that great organization and that sort of thing. Yeah, I, I don't quash that rebel impulse. Just help them channel it into a way that's non destructive.
Joe Getty
I think it's funny. I don't know if it's because the town I live in or whatever or maybe it was because you could mostly hear my son and his friends who are all very like, too cool for everything, but. But he whipped out his phone at the movie the other night and recorded and it was more like chicken jockey.
Kevin O'Leary
Like they're already tired of it. Oh, that's so yesterday. Yelling chicken jockey. Yeah.
Joe Getty
Even though we're an opening night lame.
Kevin O'Leary
Oh, three days later. Idiot. Yeah. Here today, gone today.
Joe Getty
A couple things for you really quickly. I'm going to read this whole story because this could be huge. Dating apps mess with your hormones, they think, and can even send libido levels plunging. Wouldn't that be something. If there's something about dating apps that makes people not want to have sex and get together, that kind of is counterproductive since you got on the dating app, I assume originally to get together with someone makes you not want to get together with someone weird.
Kevin O'Leary
Yeah, I can't imagine.
Joe Getty
No, it's not impossible to believe that could be true though, that there's some element of the, I hate to use the word chase, toxic masculinity or something wrong. But some, some element of the chase that gets lost there and.
Kevin O'Leary
Or after the first rush of the thrill of what you're doing, it starts to become soul deadening and disgusting to you. I mean, because how many folks, young folks have we heard saying, yeah, I'm done with the whole online dating thing. It's, it's, well, soul deadening and disgusting.
Joe Getty
I've heard so many people say that. Well, if it is, you know, some sor of pheromones thing or whatever that we've all long believed that causes the fall in love and all this sort of stuff, well, you're not getting that online. So maybe you get the. Your human nature to procreate drives you to get onto a dating app and do all the thing and then you match with somebody and discuss a few things and it's like you're not getting any of the pheromone stuff. So it's just like, nah, I don't even feel like it.
Kevin O'Leary
Right. That's the end of that, right?
Joe Getty
I don't know. You tell me. Those of you who've online dated and this, this is out from our Secretary of the Treasury, Besant. Is that how you say his name? Wall street has grown wealthier for four decades. For the next four years, it's Main Street's turn.
Kevin O'Leary
Oh, God. The whole Wall Street, Main street thing. Not from either party, please.
Joe Getty
Not sure I believe that it's Main Street's turn.
Kevin O'Leary
Yeah. Again, the idea that Trump is going to Reshape global trade for the next couple of decades and that the American economy will be restructured to reemphasize domestic assembly and manufacturing and the rest of it. How is that going to happen if his term ends in three and a half years? Well, J.D. vance will win two terms and blah, blah, blah. Well, then it could happen conceivably, but, but I just, it just, I think it's all just posturing to get better trade deals done. Which again, I would be in favor of.
Joe Getty
A response to that comment from the Secretary of the treasury from the Dispatch, which admittedly is a Trump hating organization, is best for real. Main street is about to get a beating thanks to Eugeniuses and wait until the Wall street crisis turns into a recession or a financial crisis. Higher interest rates and all won't be helping Main Street.
Kevin O'Leary
Well, to his credit, Trump has said, look, there's gonna be some tough times, but we've gotta restructure. And I honestly, I said earlier I was two thirds convinced that this is just posturing to get better trade deals and he has no intention of long term trade barriers. You know, isolationist economics. But there's a third of me that thinks, you know, Scott Besant is expressing what the boss thinks. I don't know. That's what's bothering Wall street so much. Nobody knows.
Joe Getty
Maybe the biggest problem with this whole thing is it's all discussed as a whole, the tariff thing, when China is such a different situation than all these other countries. Oh yeah, they should be completely separate.
Kevin O'Leary
Conversations and very, you know, customizable to various countries with various realities. Tailored, poverty stricken.
Joe Getty
Trump's going with tailored. These are not off the rack. They are tailored.
Kevin O'Leary
He says, good, good. Some impoverished African Republic. I'm fine if we treat them a little differently than say, you know, France.
Joe Getty
How about some island full of penguins who. They've been sticking it to us for decades, right?
Kevin O'Leary
Taking our mackerel and giving us nothing back in return. Oh, that would be a trade surplus. Nevermind throwing their mackerel at us and taking nothing in return.
Joe Getty
You strut around in your little tuxedos, you own that rock as if you can fly.
Kevin O'Leary
You can't, you're flightless.
Joe Getty
And the, the headline around that, in case you haven't heard it, is 100% tariff on China kicked in at midnight last night. Look for it soon on a Walmart shelf near you.
Kevin O'Leary
Gallup did a poll recently. What do you think foreign trade means for America? Do you see foreign trade more as an opportunity for economic growth through increased US Exports? Or as a threat to the economy from foreign imports. I think that's a pretty fair way to ask the question, don't you? And interestingly, it was like asking about what do you think of boys playing in girls sports? Is 81% say I see foreign trade more as an opportunity for economic growth to 14 that see it as more of a threat. 81 to 14. How populist is the idea of seriously reigning in foreign trade? Wow, we'll have to see.
Joe Getty
May you live in interesting times. They say, here's one thing you can be thankful for. Nightclubs don't fall on your head. In the United States, you go out to a nightclub at night, it's not just going to fall on your head because there are no rules whatsoever for building. You know, I'm a, I'm a lower rules guy. Too many regulations. But at least nightclubs don't fall on your head. I don't know if you've seen any of those videos from the Dominican Republic, but that's brutal.
Kevin O'Leary
Just a nightmare. Yeah, I'd say absolutely. Next hour, more protests in Gaza. These people are brave against Hamas.
Joe Getty
And John Kennedy and Lindsey Graham said some interesting things about Iran and aoc. So get into all that in our form.
Jack Armstrong
Armstrong and Getty.
Joe Getty
It's tax season, and by now. I know we're all a bit tired of numbers, but here's an important one you need to hear. $16.5 billion. That's how much money in refunds the IRS flagged for possible identity fraud last year. Here's another 20%. That's the overall increase in identity theft related to tax fraud in 2024 alone. But it's not all grim news. Here's a good number. 100 million. That's how many data points Lifelock monitors every second. If your identity is stolen, LifeLock's US based restoration specialists will fix it, backed by another good number, the million dollar protection plan. In fact, restoration is guaranteed or your money back. Don't face identity theft and financial losses alone. There's strength in numbers with Lifelock. Identity theft protection for tax season and beyond. Join now and save up to 40% your first year. Call 1-800-LIFELOCK and use promo code iheart or go to lifelock.com iheart for 40% off terms apply.
Tom Cotton
People choose Morton Buildings to build a variety of buildings for their property any time of year because they know Morton buildings are built stronger, last longer and look better. If you need a garage, a stall barn or a storage building for an RV boat or other vehicles, a shop for your farm hobbies or car restoration projects or anything in between, Morton can create a building for you that's attractive, easy to maintain and dependable enough to stand the test of time. Just visit MortonBuildings.com today to find out more. They use quality materials and expert craftsmen with an industry leading warranty to ensure your structure is enjoyed by generations to come. Morton buildings is 100% employed own with thousands of satisfied customers. That means they're the industry leader you can trust. To get started on your next building project, visit MortonBuildings.com don't delay. Construction schedules are filling up fast, so now's the time to start planning your building project with Morton. That's MortonBuildings.com there's an efficient way to.
Jack Armstrong
Get caught up on a lot of news. It's called the seven from the Washington Post. It's a newsletter and podcast. Whether you're reading or hit play, you get seven stories you need to know and you can consume it all in just a few minutes. The 7 is out every weekday morning by 7:00am Eastern. I'm Hannah Jewell. I'm one of the writers and I host the show. Find the seven podcast wherever you're listening. The newsletter link is waiting for you in the show. Notes for some of us, personal finances aren't just personal. They include a lot more people than ourselves, loved ones, neighbors, the communities we call home, and the causes we hold in our hearts. At Thrivent, we help plan your financial picture with the bigger picture in mind. Because even though our business is helping guide your finances, our ambition is to make it mean so much more. Thrivent, where money means more. Connect with us@thrivent.com you know how we're.
Kevin O'Leary
Always talking about what's next? Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane and the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku Next race Miami, April 12th.
Release Date: April 9, 2025
Host: Jack Armstrong & Joe Getty
Producer: iHeartPodcasts
Timestamp: 03:33 – 12:00
In the opening discussion, Joe Getty delves into the intricacies of the global supply chain, particularly focusing on the production costs of Apple’s iPhones. He explains that the current low production cost of $1,000 is feasible due to a well-established, albeit complex, supply chain primarily based in China. He states:
“The reality is it's the most complex supply chain in the world and they're able to make them at $1,000 because of the supply chain that's really been built over the last decade”
— Joe Getty [03:33]
Kevin O'Leary adds to the conversation by highlighting the ethical concerns tied to low production costs, referencing labor practices:
“You can't beat slave labor for cheap goods, folks. There's just no denying that.”
— Kevin O'Leary [04:34]
The discussion shifts to the introduction of a 104% tariff on Chinese goods by the U.S., as mentioned by Joe Getty:
“That is everything from car parts to iPhones to practically everything that's on the shelf at Walmart or on Amazon's app... It'll be pretty noticeable like next week.”
— Joe Getty [06:04]
O'Leary contemplates the sustainability of such tariffs, expressing skepticism about long-term trade disruptions:
“I believe, with pretty good certainty, not great, that with the exception of China, all the trade war stuff is going to be very short-lived.”
— Kevin O'Leary [06:48]
The hosts discuss the reciprocal tariffs imposed by China and the lack of prior communication between U.S. and Chinese officials, emphasizing the abrupt escalation of the trade war.
Timestamp: 08:43 – 12:00
Tom Cotton, a Republican senator known for his hawkish stance on China, supports the tariffs by highlighting their necessity:
“One of the best things President Trump has done in the tariff announcement is what he's done with China... He's moved it down to another 50% and he's closed the de minimis loophole.”
— Joe Getty [08:43]
Kevin O'Leary strongly advocates for even higher tariffs, arguing against China's unfair trade practices:
“104% tariffs in China are not enough. I'm advocating 400%. I do business in China. They don't play by the rules... They've been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in.”
— Kevin O'Leary [09:38]
The conversation underscores the broader implications of decoupling from China, touching on national security and economic independence. O'Leary emphasizes the necessity of reducing dependency on China despite the potential economic pain:
“We cannot be utterly dependent on an overtly hostile regime that's also powerful enough to bring the hurt. It's insane.”
— Kevin O'Leary [11:00]
Timestamp: 12:00 – 15:26
Shifting from economic discourse, the hosts engage in a lighthearted discussion about men wearing yoga pants:
Kevin O'Leary comments on the trend with humor:
“Men wearing yoga pants to fly. Come on, in China. Come on, in the Axis powers. We never would have worn World War II in yoga pants.”
— Kevin O'Leary [13:11]
Joe Getty shares observations about young men's fashion choices:
“My son and his friends with their... slip-on shoes and like pajama pants and a big sweatshirt. It's like everybody rolls out of bed and does their life every day.”
— Joe Getty [14:31]
The conversation highlights generational differences in fashion and comfort preferences, with both hosts expressing bewilderment at the trend.
Timestamp: 15:26 – 35:46
Joe Getty brings up recent developments within the U.S. military concerning diversity and inclusion:
“Defense Secretary Pete Hegseth's top advisor is recommending the Defense Department cut ties with the Boy Scouts for being too woke.”
— Joe Getty [15:55]
The hosts discuss the implications of such recommendations, with Kevin O'Leary expressing concern over the influence of DEI (Diversity, Equity, and Inclusion) initiatives in traditionally non-political organizations:
“I have nothing against the Chinese people... The government cheats and steals... Finally, an administration that puts up and says, Enough.”
— Kevin O'Leary [10:16]
Additionally, the topic of transgender individuals serving in the military is addressed:
“A judge said no, you can't ban transgender folks from various jobs.”
— Kevin O'Leary [30:38]
Joe Getty emphasizes the importance of maintaining consistent standards across the military, regardless of gender:
“If you can perform the same whatever the requirements are set by military people that know how many push-ups you need to do or how fast you need to run a mile... you have to meet the same requirements.”
— Joe Getty [30:38]
Timestamp: 35:46 – 42:02
The episode takes a humorous turn as the hosts discuss a peculiar trend dubbed "chicken jockeys"—children causing disruptions in movie theaters by throwing popcorn.
Joe Getty explains a specific incident at a New Jersey theater:
“A group of boys engaged in completely unacceptable behavior including vandalism. They also received multiple complaints from other moviegoers.”
— Joe Getty [39:17]
Kevin O'Leary humorously questions the rationale behind such gatherings:
“What were going on there, Katie? It's a guy who used social media and got 700 people to gather around and...”
— Kevin O'Leary [20:22]
The hosts speculate on the motivations behind popcorn throwing, suggesting it as a form of minor rebellion among teenagers:
“It's the most common thing in the world with teenagers and you just hope you have it at the right level.”
— Joe Getty [41:33]
Timestamp: 42:02 – 47:37
The conversation broadens to include various news topics:
Dating Apps and Hormonal Impact:
Joe Getty reads about a study suggesting that dating apps may affect users' libido and desire for in-person interactions.
“Dating apps mess with your hormones, they think, and can even send libido levels plunging.”
— Joe Getty [42:02]
Wall Street vs. Main Street:
The hosts discuss comments from Treasury Secretary Laura Besant regarding the economic shift from Wall Street to Main Street.
“Wall street has grown wealthier for four decades. For the next four years, it's Main Street's turn.”
— Joe Getty [43:38]
Kevin O'Leary questions the feasibility of long-term economic restructuring amid political uncertainties:
“How is that going to happen if his term ends in three and a half years?... It could happen conceivably, but I just think it's all just posturing to get better trade deals done.”
— Kevin O'Leary [44:00]
Timestamp: 47:37 – End
As the episode nears its conclusion, Joe Getty touches on geopolitical tensions, specifically the involvement of Chinese and North Korean troops in Ukraine:
“Chinese troops were caught fighting for Russia in Ukraine... That's a bit of an exaggeration. But, yeah, the fact that there are thousands and thousands of North Koreans there...”
— Joe Getty [35:10]
The hosts wrap up with lighter topics, including the enduring appeal of college sports despite extended losing streaks and humorous anecdotes about personal experiences.
Economic Policy: The episode offers a critical analysis of the U.S.'s tariff strategy against China, weighing short-term economic disruptions against long-term benefits of reducing dependency on Chinese manufacturing.
Social Trends: The hosts explore generational shifts in fashion and behavior, highlighting the tension between comfort and societal expectations.
Military and Organizational Integrity: Discussions emphasize the importance of maintaining consistent standards within military and youth organizations, regardless of gender or political pressures.
Cultural Phenomena: The peculiar trend of "chicken jockeys" in movie theaters serves as a lens to examine teenage rebellion and social dynamics.
Broader News Context: The episode ties in international relations, economic restructuring, and the psychological impacts of modern technology on personal relationships.
Joe Getty: “If you remember how quickly the supply chain problems showed up during COVID... So it's not going to take long before these tariff things kicked in or the tariff kicks in and you're paying more or there's just not stuff there.”
[06:04]
Kevin O'Leary: “We cannot be utterly dependent on an overtly hostile regime that's also powerful enough to bring the hurt. It's insane.”
[11:00]
Tom Cotton: “People choose Morton Buildings to build a variety of buildings for their property any time of year because they know Morton Buildings are built stronger, last longer and look better.”
[08:43]
This episode of Armstrong & Getty On Demand seamlessly blends serious economic discourse with lighthearted cultural commentary, providing listeners with both informative and entertaining content. The hosts’ dynamic exchanges offer insightful perspectives on current events, societal trends, and policy implications, making it a valuable listen for those keen on understanding the multifaceted issues shaping today's world.