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Market Mondays
MM #263: Iran vs Israel War Stocks, Oil Prices, What We Learned in China & Trump Plans ft Hakeem Jeffries
01:48:55
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- [00:00]
Zoe Saldana
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- [00:19]
Rashad
Can I get you a refill?
- [00:20]
Zoe Saldana
You can stay fresh wherever your business travel takes you. That's the powerful backing of American Express. Terms apply. Learn more@americanexpress.com AmExBusiness hi, Zoe Saldana.
- [00:31]
T-Mobile Representative
Welcome to T Mobile. Here's your new iPhone 16 Pro on us.
- [00:35]
Customer
Thanks. And here's my old phone to trade in.
- [00:37]
T-Mobile Representative
You don't need to trade in. When you switch to T Mobile, we'll give you a new iPhone 16 Pro. Plus we'll help you pay off your old phone. Up to 800 bucks and you still get to keep it.
- [00:46]
Customer
There's always a trade in.
- [00:47]
T-Mobile Representative
Not right now. @ T Mobile.
- [00:48]
Customer
I feel like I have to give you something in return for karma.
- [00:51]
T-Mobile Representative
That's okay.
- [00:52]
Customer
I don't really have much in my purse. Oh, let's see. Hand sanitizer. It's lavender.
- [00:56]
T-Mobile Representative
I'm good.
- [00:57]
T-Mobile Offer Announcer
Seriously.
- [00:58]
Customer
Let me check this pocket. Oh, mints.
- [01:00]
T-Mobile Representative
Really, I'm fine.
- [01:01]
Customer
Oh, I have raisins. I'm a mom. Wait, wait one sec. I've got cupcakes in the car.
- [01:06]
T-Mobile Offer Announcer
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- [01:30]
Ian
Yeah, yeah, we back. We back. This is a first. What's up, fellas?
- [01:37]
Fellas
Top of the top all around the world.
- [01:40]
Ian
I will say, reporting live from New York. Shoddy. I'll throw it to you.
- [01:48]
Rashad
It's a fact, man. I'm out in China, man. China.
- [01:52]
Ian
Ian, your background seems a little different today.
- [01:56]
Fellas
Mexico.
- [01:59]
Hakeem Jeffries
This is.
- [02:00]
Ian
This is the first man.
- [02:01]
Fellas
International edition.
- [02:03]
Ian
This is the international edition. Happy Monday, y' all. Happy Father's Day to all the fathers out there. Hopefully you had a restful day.
- [02:09]
Fellas
Absolutely.
- [02:09]
Ian
A relaxing day. But every day is Father's Day, man. There's no days off in this job. So shout out to everybody that's leading by demonstration, man. We appreciate y' all wholeheartedly. Shout out to everybody that's here today. Another week, man. It was a, it was a crazy week. Obviously a lot going on on the continent of Asia. Rashad.
- [02:32]
Rashad
About Asia. It's a lot, it's a lot going on out here. We could definitely talk about it for sure if you're interested. But first and foremost, man, just wanted to thank everybody for rocking with Market Mondays, for always showing us love, for showing us support. Appreciate it greatly. We got a lot of stuff going on this week. As far as for eyl. It's a big week. Of course, you know, the legendary Blackout is back. Live show on Wednesday, Live show on Wednesday. You know, anytime we do that live show is crazy. So make sure you tap in. That's going to be one of the ones, man. I'm looking forward to it for sure. This Thursday we are back from our youth, our how to series. So, you know, we've been doing the how to series and this one way back and we got, you know, friends of program, MG the mortgage guy, we're going to talk about how to build wealth through real estate investing. So the first time he came on, he was actually the first person that we did this live thing with a few months ago and it was how to buy a home. Now we're going to go through real estate investing. We're going to talk about multi family investing in 2025. We're going to talk about house hacking in 2025. We're going to talk about the whole strategy as far as how to build wealth with real estate investing. This is, this is purely for the real estate investors. First one was for the home buyers, just like a regular home buyer that want to just buy a home. This one is for the real estate investors. So tap in 10, 9 o' clock, 9 o' clock Eastern Standard Time on Thursday. Shout out to MG the mortgage guy and of course get your tickets to Invest Fest. We got a big announcement that we'll be making a little bit later in the show. But the tickets to Invest Fest, it's loading, it's loading. Anticipation is building. And, and yeah, man, that was, that was it. Like I said, I got some, some, some investigative journalism.
- [04:30]
Fellas
Talk about it. You're doing a great job.
- [04:32]
Rashad
Appreciate it. Thank you.
- [04:33]
Ian
Yeah, yeah, I think you said big announcement, man. We got a huge announcement. What are you talking about, man? Don't, don't, don't under sell this thing. This is a huge Announcement, man. So y' all be sure to tap in. Ian, what you got going on, my brother?
- [04:46]
Fellas
If you want to learn how to get rich from the market, go to Ian. Invest.com Stock Club would be this Wednesday at 7:00pm Central. After that, tune in the Blackout, 9:00pm Central live. So Stock Club will be live this week. Blackout will be live. Get your tickets to Invest Fest. If I made you money, please put yes in chat. And I'm telling you, you don't want to miss this Invest Fest. I'm. I started prepping, getting the stage show together for presentation. Got some ideas for Blackout and Jack Dorsey. Billionaires Row Market. Monday's live. You do not want to miss this year. Everybody in Red Panda, you have the code in telegram. I love you all. See y' all there. Let's have an amazing show.
- [05:29]
Ian
Yeah. Shout out to my team in the six. Shout out to everybody else in the six. I did a. Did a quick 24 in Toronto.
- [05:36]
Fellas
Shout out to the boy.
- [05:38]
Ian
Shout out to the boy.
- [05:39]
Fellas
TV, Gucci, Mark.
- [05:41]
Ian
Yeah, 40. Call us, bro.
- [05:45]
Fellas
Immediately. Immediately.
- [05:48]
Ian
We're gonna. We gotta have a team meeting. We gotta have a shout out to the six, man. It was just. We was. We was in the shop. Shout out the tweet and the first thing they wanted to talk about was Invest Fest. And I was like, who y' all excited for? Like, what y' all, What y' all want to see? What y' all want to hear? They were like, I'll be honest, Magic is incredible. But, bro, Jack Dorsey. There was like, Jack Dorsey, bro.
- [06:08]
Fellas
Texting calls went crazy.
- [06:10]
Ian
What. What? They was like, yo, you guys got Jack Dorsey and you got Chris Johnson. Like, yo, this is. This is crazy. Like, this is bitcoin ever right now. I'm like, yo, we're not done yet. Yeah, we're not done yet. But shout out to everybody in the six man team meeting asap. You know how this goes, man. This is the disclaimer. Do your own research. Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise continue to do the research, Share the research. Spread love. Spread the research. Let's make money together. Let's build community, build sustainable wealth. Most importantly, man, love is up.
- [07:02]
Rashad
Let's get it. Let's get it. All right, let's just, let's jump into it. Let's do it, man. It's a lot going on in the world right now. So you know, it's one of these things that unfortunately a lot, a lot of the, the turmoil that we're seeing, you know, it has some level of effect on the economy when we talk about global economics. So with so much stuff that's happening in the Middle east right now, we could talk about it with our guest a little bit later, Hakeem Jeffries. But with everything happening in the Middle east, where do you see oil prices going next and could this keep inflation higher than expected?
- [07:43]
Fellas
To be very, a great question to be very honest for my technicians. Tip of the day, put your Fibonacci retracements over the since inception chart of crude or USO. Despite the news it shot up to 77.62. But for a history lesson, if we're looking at the all time range, it's really hovering below that 50 retracement. So even though I had a short term move and I had a conversation with a couple people about this in the past, but the news doesn't always move the market as much as you think it will. You would have thought oil was going to shoot up to a hundred dollars a barrel the way that the news looked. But it's retraced today. It's almost at 69. So even going back to 2020 when oil went negative, the oil trade that used to be there in 2005 through 2010 is not there. It's a decent trade but the idea of it going to 100 or $125 a barrel I think is over hyped and probably won't happen. So I think we're staying at 65 to 70 range for a while.
- [08:59]
Ian
I, I think yeah, it's, it's one of these commodities that's super speculative. Like when we were trading oil options it in futures it becomes, it's, it's tricky right? Like yeah, obviously there's no control and you never know when a global conflict can happen like what has happened with, with Israel and Iran. But just from a geographical standpoint, this one, depending on the longevity of it will determine some things about oil. Right. This should, there could be a key callous when we talk about how oil is transported, transported throughout the world. So if you look at the transportation through the straight of hormone hormuz, 20 to 30% of the world's oil is transported through there. And so if this is an Area of confidence.
- [09:41]
Fellas
You're smart. Y' all wrote a book before.
- [09:44]
Ian
Yeah, we got the research before you come on here. 30 of the world's oil is transported through that street. And so if you're talking about escalated geopolitical tension, you can see how the prices could spike in the short term. And so I know when people look at the conflict and we kind of feel like how is this affecting us? How this is affecting us? Well, this is a major conflict if not and who knows what's going to happen. Right. Because it seems like it's escalated over the past week or so. If we don't see any type of resolution, if we don't, we could start to see prices of oil start to trade higher. I just don't like to trade the, the commodity itself because of the spectrum how speculative is and the amount of control that we have. Like we can't predict geolocal tensions which makes it like really uncertain for me.
- [10:33]
Fellas
The highest I have a Getting to is 102.43 and the probability of that happened is less than 25. I know we talked about lack of predictability, but Rashad, you are a historian. How would you use like AI or chat GBT to at least have an understanding of how frequently these things can happen for the investors watching tonight?
- [10:55]
Rashad
Yeah, I mean I think even outside of that, it's just a good, it's just good to have a strong grasp of history. Right. And obviously this, this situation in the Middle east is something that obviously is nothing new. It's been going on for a long period of time. Whether you're talking about Iran, whether you're talking about Israel, whether you're talking about, you know, opec, Saudi Arabia. There's extremely complicated nuances that I think that you need to just be aware of as a, as a person. Right. But also as an investor. So you need to know that obviously, you know, Iran and Israel has a conflict, but Iran and Saudi Arabia traditionally are on other opposite sides of the spectrum as well. They recently have shown some solidarity with the Prince, you know, condemning what Israel's done and showing solidarity with, with Iran. But Iran and it has kind of been an adversary, adversary to Iran, has been an adversary to Saudi Arabia. So when we talk about oil production, as you said, don't them stopping that or threatening to stop that is not just a threat to the west, it's also a threat to the oil rich company, oil rich countries in the region who they've traditionally been at odds with.
- [12:18]
Fellas
Yeah.
- [12:18]
Rashad
So stop in letting, stopping, letting, stop letting Ships going through that straight. Really, what it impacts is, is oil more than anything. Right. And that's something that will obviously hurt the American economy, but will also hurt the other Arab state economy as well.
- [12:41]
Fellas
So.
- [12:43]
Rashad
You know, it's something that I think has to get worked out the, with diplomacy. Even me being China, you know, China is a, is a strong ally of Iran and so is Russia, and America is the strongest ally of Israel. Saudi Arabia is kind of caught in the middle. You have countries like Qatar and Jordan, who's also somewhere in the middle. They, they, they, they're politically tied with America, but their population obviously is Arab, so they can't go too far because they kind of have to maintain good standing with their citizens. So politics is very, very, very interesting, very complicated, especially in that part of the world. So as an investor, you don't have to be a historian on geopolitics, but I think that you should at the very least have some baseline information so you can know. Because these, these trends, not only if this, like, let's say, this particular conflict, this, this has the potential to not only affect oil, but it has the, it has the potential to affect the global economy.
- [14:03]
Ian
Right, right.
- [14:04]
Fellas
Not to be sensational. Are we on the brink of World War II.5? I don't want to do World War 3.5, but, like, are we on the precipice of everything? The, the conflicts and bombs that happen over the weekend, this oil crisis. It seems like the world is changing politically as well in terms of leadership. Do you think if things don't get worked out diplomatically, as you talked about, that we could go into a world rumble?
- [14:33]
Rashad
Yeah, yeah. The thing is. Yes. And we could talk about it with, you know, Hakeem Jeffries, when he comes on. Obviously, you know, he'll be a great person to talk about that. The short answer is yes. And me even being in China getting more information about the Taiwan conflict. We can talk about that if you're interested, but there's a few places in the world that are hotbeds that could potentially drag superpowers in. And if superpowers get involved, then that's when you see a world war.
- [15:06]
Ian
Yeah. And the timing of it. I'd be interested to see y' all thoughts on it, because we really had a conversation, the timing of it, while it happened last week, it was originally. Hey, we didn't support that. We told him not to. We're in the middle of discussing a nuclear deal, then post the bombing, kids. Yeah, we knew that that was going to happen. And we told him we got 60 days and this is day 61. And so the timing of it, it feels like Trumponomics. Right? Like, yo, I told him to make a deal. And since you didn't make the deal, here's the repercussions. And if you don't make a deal soon, this can get worse.
- [15:41]
Fellas
It's an old school mob tactic. We have to be honest about the dealings. And you have to give them credit for maneuvering in the circles that he did in the 80s and 90s and making out of it. But when you make it out of those wars, we see it with 50 Cent. Right. The way he carries themselves in business is reflective of the traumas that he went through. I don't find the irony in it. And then we can talk about Palantir and the real Meta later. Defense tech is seemingly like the new investment that is not going anywhere, which was masterminded probably by Peter Thiel, who probably is the puppet master of the world right now that no one's talking about.
- [16:24]
Ian
Yeah. And, and people listening like, well, how does this affect the market? Well, if you looked at the market on Friday, you see exactly how it affects the market. You saw every index pull back. Right. Some rebounding today, but it definitely does. Right. Geopolitical tensions, whether I'm glad you brought up the Taiwan, China, Taiwan potential conflict, or now what we're seeing in Iran and Israel, it affects the economy, whether you like it or not. And those are the, the areas that we should be looking at in terms of where should we be investing in terms of conflict. Not to say like, yo, there's a moral code to it, but watch those companies, watch Palantir. How, how it's crossed 140. Where's the next stop for it? Right. Meta did, all right, we'll talk about that. But start looking at these companies and as conflicts arise, what is their stock doing?
- [17:08]
Fellas
Yeah, Palantir, probably, if they keep at this pace and if these conflicts continue to be there, they should probably hit 185 by end of the year, easily. I mean, Palantir has one of the greatest runs that we've seen. And, and it goes back to part propaganda, but also Alex delivering on his vision and carving out a niche that was needed, where Raytheon may have gotten relaxed in certain areas. Palantir and Anderil are bringing innovation to a space. And I think out of the, all the years that America has been in the country, has been a country, I think we've only had, what, 19 years where we have not been in war. So there's need for it morally. I just didn't like the way that they was using the surveillance to maybe weaponize it against us. But from a stock perspective, that run from 22 up to 142 is one of the greatest runs I've ever seen.
- [18:06]
Ian
It's. It's touch, it's. It's teetering in videos for sure. Right?
- [18:12]
Fellas
For sure.
- [18:12]
Ian
It's definitely teetering there.
- [18:14]
Rashad
So from, from an investment standpoint, would. Is. Is it advisable to. To invest in Palantir or. Or a pullback, but it. Will there be a pullback if this continues, that's going to be. That's going to be good for their stock at least.
- [18:32]
Fellas
Yeah. One thing I've learned, there's always going to be a pullback no matter what happens. I did notice there were some people who were selling off shares that was a part of the organization. I think people over hype that a bit. But there will be room. 121.54, 126.30 is the area I would like to get in. If I was looking to get into Palantir, I would look to build a position there. But also the broader indexes, of course, VTI still good investments, Meta, very good investment. Given that they. Since they've maxed out the consumer space, the only space for them to really play in now is defense tech as well. And it was smart for Zuckerberg to make up their grievance that him and Palmer had and to build a partnerships there so that they can have some access into that defense tech world as well. So Meta's a good investment video. Of course. Open AI when it becomes public. Palantir definitely is leading the pack until Anderil becomes publicly traded.
- [19:36]
Rashad
Okay.
- [19:37]
Fellas
The scary times we're in, though. I will not lie. Yeah.
- [19:40]
Ian
Geopolitical matters, man.
- [19:42]
Rashad
Let's. Let's pray for peace, man.
- [19:44]
Fellas
Yeah. Everybody marched for no kings, but we got a monarchy running the White House.
- [19:51]
Ian
Where were you? Where were you?
- [19:54]
Fellas
For sure.
- [19:55]
Rashad
King's disease, right?
- [19:57]
Ian
The mad king.
- [19:59]
Rashad
Well, let's do this. You know, like I said, we do have an announcement for Invest Fest switching gears. So last year we did something where we did a raffle. This year we've taken it up at least 10 levels. So. Okay, we have every week we're gonna be announcing something. This week from June 16th to June 22nd. So that's from right now today until Sunday. If you buy a general emissions ticket, if you buy a general admission ticket from now to Sunday okay, here's the deal.
- [20:39]
Ian
Please.
- [20:40]
Rashad
If you, if you buy general emissions ticket from right now to Sunday, every single person that buys a general admission ticket will be entered into the house hacking freedom program. That shout out to MG the mortgage guy, that's his actual community. Since he's coming on Thursday, he does, you know, bi weekly calls. He got past videos. This is a community to actually get people investing in real estate, teach them how to invest in real estate. Multi family home investing specifically. It's a community, it's like an online course and it's an ongoing process and he's going to give you free access to that. So every single person gets access to that.
- [21:17]
Fellas
Wait, what? It's not a raffle. Every person that buys every.
- [21:20]
Rashad
Yeah, that's every single person. Every. Every single person.
- [21:23]
Ian
Okay, we're not done, Ian.
- [21:25]
Rashad
Then three people. Three people will get upgraded to VIP tickets. And we got some surprises for VIP too over and above what we've done. Traditionally, two people will get upgraded to platinum vip. We talked about the deal room and then there was. There's one grand prize winner and the grand prize winner gets two all expense paid trip to Ghana.
- [21:57]
Fellas
What?
- [22:01]
Ian
Come on man.
- [22:02]
Hakeem Jeffries
Wait, what?
- [22:04]
Ian
You could be about it, right?
- [22:07]
Fellas
Okay.
- [22:08]
Rashad
They're gonna play shout out to shout out to all the good people in Ghana. Six days expenses paid. So you get flight, five star hotel, meals, transportation to an airport, concierge service, daily cultural activities, tours. You'll be going to slave dungeon, you'll be going to the naming ceremony, you'll be, you'll be going to all of the, everything that they have to offer.
- [22:38]
Fellas
Yeah. You're going to not be going to sleep. So be prepared.
- [22:42]
Rashad
That's a fact.
- [22:45]
Ian
Good, good advice.
- [22:46]
Rashad
We're giving a trip to Africa. So if you plan on going to invest fest highly suggested you, this is the week that you get your ticket in Red Panda. You should use the code that's available on telegram. It's running. The, the deal that we just said is running from right now, this moment till Sunday. As I said, every single person is going to get access to mg the mortgage guys, real estate community. No. Whether, no, there's no winner for that. Every single person is a winner. Three people is going to get upgraded to vip. Two people's got upgraded to platinum vip. And then one person will win two. Two fully paid for trip, all inclusive, round trip, hotel, airplane, meals, experience, tour guide, the whole thing in Ghana for six days.
- [23:40]
Fellas
Wow.
- [23:40]
Rashad
There you have it, ladies and congratulations.
- [23:42]
Ian
Congratulations.
- [23:43]
Rashad
Back to Africa. Going back to Africa, ladies and gentlemen. And I will say this. I will say this, too. The Trump band. Maybe we can talk about this a little later. They talk about a travel ban. Right. And I just want for some clarity purposes. It's pretty disturbing what he's. What he's talking about because he's pretty much trying to ban Almost every country, 34 countries in Africa. But that's not you going to that country. That's the people in that country coming to America. I just wanted to just clarify that because a lot of people, it's still disturbed. It's still disturbing, no matter what. But it's not that you can't go to Egypt or you can't go to Ghana or you can't go to Nigeria. It's that if that's enacted, those people from those countries can't come to America.
- [24:28]
Ian
Citizens of those countries.
- [24:30]
Rashad
Yeah.
- [24:31]
Ian
Yeah. Thank you for clarifying that. Yo, that's pretty impressive, man.
- [24:35]
Fellas
That's a hell of a deal. Yo.
- [24:37]
Ian
Yeah, this. There's some features I don't. We'll save it for the winner. There's some features that we. We got to let them know that things that the world has been wanting to see that they're going to have a privilege of seeing firsthand and get the tour. So I'm excited for them. I'm excited for them.
- [24:52]
Rashad
Oh, yeah, you're gonna get to see Somber City.
- [24:54]
Ian
Oh, hey, how you leave that part out?
- [24:56]
Rashad
Somber City tour will be included for sure. And I noticed I'm gonna get this question. So if you already purchased the ticket, you'll be added into the raffle also. And if you already purchased the ticket, you will be added to mg the mortgage guys community as well. So if you have already purchased a ticket, you'll be added. Everybody's getting added to the community. And if you've already purchased a ticket, you'll be at and vip. Don't. Don't worry. We got some.
- [25:24]
Ian
I was cooking for you guys. Yeah, that's cooking. Cooking how we do, man.
- [25:29]
Fellas
Man, that's incredible. All expenses paid, trip to Ghana. What Gotta over deliver for sure. Great business lesson of the week. Over deliver every year.
- [25:43]
Rashad
Over deliver. Over and deliver.
- [25:47]
Ian
Get your sleep in advance. It is an experience like going back to our. If you haven't been. It definitely is experience. I still remember touching down on the continent for the first time, but just overwhelmingly feeling a sense of like being home, but also a sense of history because most people don't go back. So I'm glad that we did. And now people that enter tonight will have an opportunity. So make sure y' all take advantage of it.
- [26:11]
Fellas
Yeah, it's gonna be some of the most fun you have too. Networking is amazing, but a time, you know, everywhere amazing.
- [26:18]
Rashad
Ghana is the entry to Africa. So it's the perfect place. If you have not gone to Africa yet, perfect place to start. So get your tickets, get your tickets to invest fest, invest.com. and then the last thing I'll say is also there's a hotel block. So if you're going to Invest Fest on the website, there's a hotel block where you can get a discount for the hotel and the hotel is literally on the same exact campus where Invest Fest is at. So I would suggest that you take advantage of that and get your vendor, get your Vendables if you're, if you're a business.
- [26:49]
Fellas
Yeah.
- [26:49]
Ian
100. That. That is a major key. In the first couple years, people had to go from different hotels and walk to the event, the venue. When you stay at the hotel now you just go downstairs in the elevator and you walk right to him.
- [27:01]
Fellas
That's way more convenient.
- [27:03]
Ian
And I can't front like the networking that happens in the. Like the, the walk from the hotel to the actual venue, the networking that happens in the lobby. The deal doesn't happen. It's incredible experience. Make sure y' all take advantage of.
- [27:16]
Rashad
That's a fact. So, okay, get your tickets to the.
- [27:19]
Fellas
VIP room so you can be in the deal room though. I'm gonna post it up at.
- [27:26]
Ian
Yeah, we got, we got some things we bring into the deal.
- [27:31]
Rashad
So Microsoft versus Apple.
- [27:35]
Fellas
Okay, so can we just be honest? We won't even need to lead up. Most disappointing WWDC I've seen in the last. Let me be hyperbolic and sensational. Last 15 years, AI got kicked down the road to 2026. This is my announcement. If Apple does not deliver a significant AI development in 2026, I'm going to tell everybody to sell all of the Apple.
- [28:06]
Rashad
Wait, what?
- [28:07]
Ian
Damn, that's strong.
- [28:08]
Rashad
That's next year. So. So, so you, you potentially, as of in a couple of months, you could potentially liquidate every Apple position.
- [28:19]
Fellas
Yep.
- [28:20]
Rashad
Why? Why?
- [28:20]
Fellas
Oh, they. They have. Okay, well, let's go to some facts. So they are three months in the negative with no prospect for doing better. You've had. I'm not even including Cursor or any of the startups who have made significant headwinds in AI. They've just missed the ball at every turn. I know they have the anthropic partnership they talked about, but to be a tech leader and not have a sign. We got liquid glass. Nobody asks for that. No one asks for the emoji con like it's just you is it's them not reading the room. It's like if I'm go ahead.
- [29:09]
Ian
No I only go because I want to give somebody some high praise shout out to Sanad. I know we brought her up last week. So now Pavel who's one of the most incredible minds when it comes to AI in terms of the liquid glass. She had a dope posing and maybe we'll repost it. Y' all go check her out. But she said that you're right. Nobody asks for the liquid glass when it comes to the phone. But that might be a hint as something that they are developing which could be eyewear. Right. Because the the technology of the glass is to see transparently. And so how do you interact with the world while having glass on? That's the technology that they said who needs it on a phone? You're not looking. But if they develop the technology is that now a precursor for what is to come? Which kind of got me thinking like they better have something that this is going to be useful.
- [29:56]
Fellas
Would they be better than the Meta Ray Bans?
- [29:59]
Ian
Meta Ray Bans is clicking. I can't front. I see people just wearing those out better.
- [30:05]
Fellas
Like okay imagine if we talked about investing and like I just missed Nvidia being pro Chevron. That is the equivalent of what Apple has done. Google has made significant headwinds the partnership with Microsoft and open AI. It doesn't get talked about that Apple could have bought into that same partnership structure with OpenAI. They missed Claude. We talked it on the hardware standpoint. They missed buying dji. They've just missed on too many fronts. And it seems like that the leadership culture is so insulated amongst each other they're not seen and looking ahead to what's next. Love the company but I just think it's either time to either Tim Cook goes to the chairman seat and they need another CEO. What or they need significant headwinds in AI develop like it's 30 companies that are available that could be for purchase. That would help like Siri probably is the worst performing automation tool in all of tech. In comparison, Canva has made bigger headwinds in AI than Apple. How the does that happen?
- [31:19]
Rashad
So if you. Okay, so if you sell at Apple, what company takes that to tech to index?
- [31:27]
Fellas
It's a great question. Get your tickets to investors.
- [31:34]
Ian
But doesn't that treasure chest almost give it some leeway to say whatever's next and whatever. Like Everybody agrees that AI is in its infancy stages are still in the first, maybe second inning. That treasure chest that they have, that 100 and whatever 30 billion that they.
- [31:51]
Fellas
Have, they're parking in treasuries like a hedge fund.
- [31:54]
Ian
But they could potentially just skip the line and say that's the next technology. Hey, we gotta. But they still have a chance. Or is it too late? Open AI so far ahead that that is clearly going to be the technology and everybody else is playing second place.
- [32:07]
Fellas
Okay, here's the landscape cursor. AI Grok X a high open AI anthropic camp does canva. That's six companies that have gotten significantly better, three of which they could have purchased. They. It's not the issue of capital. It's. It's a leadership issue. So no different than like Thibodeau had a good team, couldn't get to the promised land. Now, I'm not saying that Tim is Thibodeau, but having the capital and not allocating them properly are two different things. Or I will respect it more if they just said, hey, we're not going to invest significantly into AI, but we're going to focus on these sectors. I can live with that. What happened to the developments in healthcare they were doing three or four years ago? Went to the wayside. And I keep bringing this up. That beef that Tim Cook and Mark Zuckerberg has has clouded Tim Cook's judgment for the last three years. Even with the car. The car thing was to get Elon out of the way because they had a little kerfuffle. I. I need. And the issue isn't the employees or some of the SVPs there. It's the upper management that is stopping this from happening. So I just need to see more innovation and quiz question for everyone tonight. How much has it dropped since October of last year?
- [33:32]
Ian
Well, so, okay, well, there's a consistent reactive versus a proactive in terms of innovation. You're right.
- [33:39]
Fellas
And this isn't one of those cases where they can let everyone else develop the technology and they come in and take it.
- [33:45]
Ian
Right.
- [33:45]
Fellas
It's too far ahead for that.
- [33:49]
Ian
Okay, that's fair.
- [33:50]
Fellas
Okay, well, that's modern situation.
- [33:53]
Rashad
Monitor the situation. But another company that is on the other side that has turned a corner, it seems, is amd. So AMD is a company that has had a strong couple of weeks for sure. You know, y' all gonna give me.
- [34:14]
Ian
A pat on the back. What's up? What's up? I'm gonna get some love.
- [34:17]
Fellas
You just Went to the Kendrick concert.
- [34:20]
Ian
We'll talk about. Can y' all talk about that on Blackout, please?
- [34:23]
Fellas
For sure. Definitely gonna talk about tv Gucci and get a live report, please.
- [34:28]
Ian
Team meeting.
- [34:29]
Fellas
Yeah.
- [34:30]
Rashad
So, yeah, I mean, you look at it as something that's in April was $78 now pushing towards $130. And yeah, as Troy said, you know, he was somebody that was very enthusiastic about amd. So I guess Troy, you, you talk about it, then you, you deleted all.
- [34:50]
Ian
It's that, that, that situation where it was like, can you be number two in a space and still see pro productivity? And for a while they were getting there. Preferably their back kicked in by Nvidia, right, which is this runoff in GPUs. And then the entire situation happens and now pricing becomes an issue. It becomes something that companies now think about. And so how do I combat pricing and still have effectivity or efficiency? And so it took a while for Lisa to get it right. And even, you know, she wasn't invited. She didn't go to the White House during the inauguration, but she made sure that she was in Saudi Arabia.
- [35:24]
Fellas
That was the meeting that mattered.
- [35:26]
Ian
She was sure to be in Saudi Arabia when AI investments were going out to companies. And so that's the first sign that, hey, there might be a pricing market that they can fit in and they could actually be the leader in. And that's what you've seen. Not only have they had a rise, but if you look, and I know you brought up TSM earlier, shoddy look at TSM's rise since that Saudi meeting, right? The person that's going to manufacture chips has now run Nvidia has now climbed over 140. Everything is moving. And now pricing matters where now Nvidia is trying to figure out, like, what's the chip that we can use so we can be inclusive in China. AMD is filling this place and saying, hey, we know we're going to dominate in CPUs, which they've done. And we've talked about that in detail. Now that second tier place in, in GPUs feels like a comfortable place for them to park in and actually have a business thriving. And they're doing it. And obviously you saw some of the partnerships that they announced. You see them with Palantir, you see the developments inside is growing. The data center business is growing. What was happening during that time when it got down to 70? And I'm like, well, at this point, this feels like the floor is that, that the GPU market was, was slowing, right? For them but the CPU market was slowing as well. Gaming didn't look the same. Now I just watch the Xbox and like AMD is the chip that's going to be powering the next generation of gaming for them. And so you're starting to see yes, Nvidia is going to be dominant. They control 85% of the space. But for some companies mid tier, not these mega caps, they're going to need an efficient unit and AMD is filling that girl.
- [36:55]
Fellas
Yeah. And I want to be very clear, Nvidia still is the lead. A nice bounce. But then being at that meeting, definitely they're catalyst events in a company that was one of them for her to have missed or not invited to the the White House. But to make it up there is is the timing was incredible and it was needed for the company. Shout out to everywhere everybody in red Panda who's been holding that for years. But also going back to the Saudi meeting, which notable CEO was not there or not invited.
- [37:27]
Ian
Or we didn't see.
- [37:30]
Fellas
Or no one from the organization with that spaceship on campus was invited. This is interesting. So but long end of year target for AMD 161.76. I've had my criticisms of AMD. I'm happy for this bounce but I want to be very clear. Nvidia is the lead by two light years and I won't change anytime soon.
- [37:52]
Ian
Yeah, maybe more. The Oracle deal as well. And we spoke about Oracle and this. The tick tock situation has kind of just been thrown under. But when we saw Stargate and we didn't see Microsoft, we saw Oracle there and open AI there and SoftBank there. It was a sign. Now seeing AMD partner with them. These hyperscalers, they're growing. We talked about Broadcom last week. That space is moving as we get more clarity around tariffs and China deals and what that's going to look like. I know Huawei just got is put on the band list so it's. Yeah it's an interesting time but they're. They're these companies that we believed in that were going to be the leaders in the AI space. Whether they were first or second. They're coming to fruition. Yeah, I think the growth, I think the growth continues.
- [38:35]
Fellas
Oracle is one of those slept on fundamental companies like Tim Duncan.
- [38:39]
Hakeem Jeffries
He's just.
- [38:40]
Fellas
Oracle hasn't really had a bad year since 2016. They had the high of 21660 on Friday but they've been on a tear this year and I don't think they've been talked about enough. It was at 118 in April. Now to be at 215, that is a hell of a run for a company that's not talked about a lot.
- [39:06]
Hakeem Jeffries
Yes.
- [39:07]
Rashad
Well, okay, our guest is here. Can we bring our guest up?
- [39:14]
Fellas
There he is, my brother.
- [39:16]
Hakeem Jeffries
Hey, how's it going?
- [39:18]
Fellas
Great. How are you?
- [39:19]
Ian
Good, good.
- [39:19]
Hakeem Jeffries
Thanks for having me on.
- [39:21]
Ian
Appreciate you being here. No problem.
- [39:22]
Rashad
So we have Congressman Hakeem Jeffries, special guest, Democratic Minority leader in the House majority. Huh? Majority leader, Democratic minority leader.
- [39:36]
Ian
Okay.
- [39:37]
Hakeem Jeffries
That's right. That's right.
- [39:38]
Fellas
He's major to us, though.
- [39:39]
Ian
All right.
- [39:41]
Fellas
We speaking into existence. There we go.
- [39:44]
Rashad
Yeah. Yes, yes. First of all, thank you for joining us. Appreciate it.
- [39:48]
Hakeem Jeffries
Great to be with you all. Appreciate the work that you all do.
- [39:51]
Rashad
No, no problem. Thank you. I know you're busy, man. So it's. This is actually a perfect time that you joined us. I don't know if it's a perfect time for you because it's a lot of questions, but it's a perfect time for us because, man, there's so much stuff that's going on right now domestically and internationally, that it's great to have somebody of your stature that can actually speak about it. So the first question that I have is I'm actually in Asia right now. I'm in China. So I'm getting a lot of information and just seeing things on this side of the world. And what is your party's stance on what's going on right now between Iran and Israel?
- [40:35]
Hakeem Jeffries
Yeah, I think that it is a very challenging time, both here in America and, of course, across the world. The Middle east has always been a hot spot. And so, you know, the current tension and hostilities that we see are at risk of spiraling to get us to a place that I think we don't need to go. So my view right now is, look, it's clear to me that Iran is an enemy of the United States of America. Israel is an ally. We can't have Iran become nuclear capable. They view America as the Great Satan. And so that has to be dealt with. But the preferred course is always strong diplomacy. And I think part of the challenge that we have in the Middle east right now with respect to the whole Iranian nuclear situation is that a decision was made by the Trump administration several years ago during his first time in office to walk away from a nuclear agreement that had been reached that the Trump administration at that time said was being complied with. And so once they walked away, it set in motion a series of events that brings us to this current moment, what's important for people to understand is that when President Obama first entered into the nuclear agreement, it was because there was a fragile situation. Brian, at the time, I think was inside of a month in being able to race toward becoming nuclear capable. I think it may have been inside of three months. Then they enter into an agreement that I supported in the Congress. And that agreement now, if we were to reach one, needs to be longer and stronger. But at the time they were inside the three months, they could have gotten a nuclear capable path toward becoming a nuclear power. That couldn't happen. President Obama negotiates this agreement and it takes Iran from being inside of three months to outside of a year. So the agreement was doing what it was intended to do from the standpoint of making it harder for Iran to become nuclear capable. Trump comes to office and he rips up the agreement. And as a result, we were now at a place where Iran, it's widely understood, was inside of a week in terms of making the decision to become a nuclear power, which is obviously an untenable situation. So I think what I've called for is to say that as soon as practical, we've got to get the parties to the negotiating table and find a path toward a diplomatic resolution that is longer and stronger than what previously existed, but that at all times, I think there is a principle that's clear. The world will not be safer if Iran has a nuclear bomb. It will be more dangerous for the American people and, of course, for our allies in the Middle East.
- [44:02]
Rashad
Well, let me, let me just follow up real quick, because I feel like your party, specifically, you guys, are walking a thin line right now, right? Because a lot of your base is growing increasingly frustrated with the government of Israel. They feel like they're the aggressors in a variety of different aspects. And even, like the nuclear weapon thing, right? Like Israel is the only country in the Middle east with a nuclear weapon. So even your allies, our allies, don't have nuclear weapons in the Middle East. So, okay, we understand your stance, but at what point does the political system in America have some level of pushback to the government in Israel, which is increasingly losing favor all over the world?
- [44:56]
Hakeem Jeffries
Well, I think that. So there are a couple of different things going on, right? You've got the Iranian nuclear situation, which is at the highest level of severity. And I think we have to have clarity on that in terms of what needs to happen in the context of the relationship between Israel and the Palestinian people. We need a dramatic change on the ground. And to me, that involves one, we've got to make sure that every single hostage is free. At the same time, we have to surge consistently humanitarian assistance to Palestinian civilians who have been in harm's way through no fault of their own, and have been suffering in ways that everyone should reject. And then we need to get to phase two of the ceasefire agreement that was originally put in place as President Biden was on his way out of office and President Trump was on his way into office. That would allow for the cessation of hostilities on the ground and a path toward a just and lasting peace between Israel and the Palestinian people. That obviously involves the reconstruction of Gaza, that involves the identification of new Palestinian leadership, and it also involves a surge of resources likely to come from the Gulf states, Saudi Arabia, the UAE and others working with Egypt and Jordan on the ground. Like, so there's a, there's a, there's a, a robust plan that everyone, certainly in political leadership, from the Biden administration to the Trump administration, had initially agreed was the path forward to change the circumstances that exist on the ground. And we've got to get back to that, and we should get back to that immediately.
- [46:56]
Ian
Talk about things that are happening here. Obviously geopolitical, you know, tensions affect us from an economy, but from a personal standpoint as well, one of the things that is big is, is this big, beautiful bill act. Talk about, obviously the, the opposition that you guys have for it, how that's going to affect, you know, marginalized communities, how that's going to affect spending, which will eventually affect the economy. Talk about your thoughts on it and where we're at.
- [47:23]
Hakeem Jeffries
Yeah, this is one big, ugly bill that they're trying to jam down and throw to the American people. The GOP tax scam really has three different elements. One, it's the largest cut to health care in American history, including approximately a $700 billion cut to Medicaid that's going to hurt children, hurt families, hurt seniors, hurt everyday Americans, hurt people with disabilities, close hospitals, nursing homes will shut down, community health clinics will no longer be able to function. And because people won't be in a position to get the assistance that they need to meet their medical conditions, folks are going to die in our community, in rural America and all across the country. That's what this GOP tax scam will lead to. The largest assault on health care in American history in Medicaid as we know it. $500 billion potential cut to, to Medicare, make it harder for young people, children, to participate in the Children's Health Insurance Program. That was put into place by President Clinton, with leadership from then first lady Clinton in the 90s, millions of people will be thrown off of the Affordable Care act, which of course was a signature accomplishment of president Barack Obama. And they're going after the healthcare provided at Planned Parenthood clinics across the country, not reproductive freedom, because federal dollars can't even be spent on reproductive care right now. That prohibition has existed for decades. This is health care, you know, for women and for teenage girls. So it's an all out assault on health care. At the same time, it's the largest cut to nutritional assistance in American history. More than $300 billion will be cut from nutritional assistance programs. They literally are taking food out of the mouths of children and veterans and seniors in America. And all of this is being done to provide massive tax breaks for their billionaire donors. And they're going to stick working class Americans with the bill and increase the debt and the deficit, as y' all know, by trillions of dollars, which ultimately will have an adverse effect on the economy for everyone.
- [49:52]
Fellas
I read a stat that for Americans who bought their home pre2020, it represents 8 to 12% of their income. But if you bought a home in the last three years, it represents 24 to 28% of your income. What policy proposals do you think can make the wealth gap decrease and make things more affordable without like, tanking or hurting the economy long term?
- [50:20]
Hakeem Jeffries
It's a great question because I think there are three things that have to be done with a greater degree of intensity. We got to focus on home ownership, because that's the, the most robust way for people to gain wealth through the equity that's built through home ownership, and then transfer that wealth to your children and to your grandchildren. So I think we got to focus on making home ownership more affordable. Housing costs are too high across the board, but we need to make homeownership more accessible and affordable. Promote entrepreneurship, which y' all do a great job of. And it's something that really, when we emerged after emancipation into the early stages, you know, of reconstruction, which of course was then undermined after the north pulled out of the south and Jim Crow took hold and the black codes were put in place and we started to see attacks on black entrepreneurship. But I think we need to get back to an opportunity where we lean into creating entrepreneurial opportunities for all Americans. But of course, in our community, it would be particularly meaningful given the gap that currently exists. And then connected to that as a third leg of the stool is increased access to capital, because you can have a Great idea. But if you don't have access to capital or know how to grow capital, manage capital, leverage capital, which is why financial literacy, sophisticated financial literacy is also important and something that I think we need to lean into in order to get people to a better place.
- [52:14]
Rashad
So about like eight months ago, I had an opinion that if mass deportation took place, it would drastically hurt the economy of the United States of America because so many industries depend on workers that may not be documented. When you look at construction, when you look at hospitality, when you look at farms. And we've seen a very aggressive stance as far as deportations and ice and that's led to protest all over the country. But I found interesting yesterday when the President said that he's kind of putting a pause on for the farmers, for farms, I think it was farms, hospitality workers, and there was another industry. Right. So how do you think that this has played out from a humanitarian standpoint? And how do you think this is playing out as far as the economy with areas that are heavily focused on maybe non documented immigrants that's actually working these jobs?
- [53:22]
Hakeem Jeffries
Well, the President talked about mass deportation, but I think as heard by the American people, understandably, the view is the focus should be on violent criminals, individuals who are here undocumented, not productively contributing to society, but threatening the safety and security of communities all across the country. That's something that we as Democrats strongly support, that anyone who is here breaking the law, engaging in violent criminal activity should be subject to deportation. And of course at the same time, we need to secure the border. But we shouldn't walk away from dreamers and farm workers and law abiding immigrant families. And I think it's also important to recognize, as you indicated, that there are a lot of industries, farming, construction and hospitality in particular, that do rely on labor that is not at all times undocumented, documented. And so what's interesting is that President seems to have heard from some of his allies in the business community who made it clear to him that he was going after people who were necessary to the success at this moment of these industries and indicated that he was going to back down. Now that then caused of course his right wing MAGA base to go nuts because you know, they're leaning into the the fact that he said he was going to throw everybody out, even if that means also deporting apparently two or three or four year old children who are US citizens because they may have a parent or two that is undocumented. And so it remains to be seen where this is going to Go. But the president has engaged in aggressive overreach in this area that I think is turning off the American people and at the same time, apparently turning off some of his allies in the business community.
- [55:37]
Ian
I want to ask you something that's obviously near dear to us in our community, and that's trading equities is something that people in Congress have done. Obviously, it feels like the level of transparency hasn't always been there. So I want to know what your thoughts around, you know, trading equities when we know that people in Congress are the ones that pass policy, oversee contracts and create law, your thoughts around that being limited or banned in the near future? Obviously, it feels like it's an advantage that, you know, lawmakers have that the general public doesn't. What's your thoughts around it?
- [56:11]
Hakeem Jeffries
I strongly support stock ban prohibition in terms of members of Congress being able to trade on equities. Currently, if you trade equities, you have to disclose that, I think within 30 to 45 days. And so the point there was that at least there would be some visibility into trades that are being made and that people at home in their communities could hold those members accountable if they felt like that was inappropriate behavior. But you still have a whole lot of it that is taking place and it's not sitting well with the American people. And that makes sense to me. And so from my standpoint, this is not a partisan issue. It's an issue that has or should have bipartisan support in terms of the Congressional stock trading prohibition, this legislation that has been introduced, I've expressed support for it publicly. And, you know, it remains to be seen whether Republican leadership in the House is prepared to go down this road. What we have seen over the last several weeks is that there were a lot of members of Congress, particularly on the Republican side, it appears, who are engaging in a lot of aggressive trading of equities given the volatility of the market and presumably profiting. And the question is, were they profiting from inside information that may have been available to them in connection with the Trump administration? That remains to be seen. That's also something that should be, you know, that should be clearly investigated.
- [57:51]
Ian
Just, just a follow up. I mean, it happens on both sides, right? If we talk about Marjorie Greene, we could talk about Nancy Pelosi as well, for sure. What is the, the biggest drawback as to why? Obviously from the profits. But why wouldn't somebody be in support of the Congress having insider trading?
- [58:08]
Hakeem Jeffries
Well, listen, that's, that's a good question and it's an Open question. And you know, those individuals, any individual who wants to defend it, they're free to defend it. I'm of the view and I think all of House Democratic leadership is on record now saying it should be banned. And now we got to deal with, you know, these type of challenges across all institutions. It's not just the House and the Senate. In fact, the House and the Senate overall probably have the strongest anti corruption laws of the three branches. More definitely needs to be done in the House and the Senate, as we've discussed. But you have had, you know, rampant instances of corruption taking place among some members of the Supreme Court, Thomas in particular, and you also see the Trump administration and, or the Trump presidency, you know, particularly during round two, engaging in a lot of behavior that does not sit well with the American people. And you know, the President's friends and family seem to be profiting in different ways from their proximity to power and that shouldn't happen. And so whether that's in, you know, the crypto space or in other areas where there's a lot of different activity, we just need a level playing field. And if you're going to be in government service, you should be serving the people. And if your goal is to make money, then you can leave government service and go into the private sector and try to do that.
- [59:55]
Fellas
But if we're gonna be honest, this has been happening since the 1950s, like what can we do to, to actually stop it? I mean, this has gotten so popular that there are sites that will follow politicians trades. If we can be honest, like once the cat is out of the bag, there's no way to put it back in, is it?
- [60:13]
Hakeem Jeffries
Well, I actually think that, you know, the initial reform that took place was to try to make sure that there was full disclosure. Now that of course then led, as you are pointing out, to sites that are tracking, you know, the trades of members of Congress that are presumably operating on the assumption that someone, if they're engaging in these trades, may have some information that may not otherwise be available to everyone in the public. Whether that's the case or not, people gotta examine that on an individual basis because some may just be sophisticated actors in this space. But I think the disclosure alone, which was a step in the right direction that the public could assess, you know, whether something isn't right, that was, you know, that that has not put an end to it. People are still engaging in it. And that's why I think taking this next step in terms of a stock ban is the right way to go. And it's got to be written in a way that's airtight and there's legislation that exists to do it. And as I mentioned, this does have support from strong support amongst many Democrats and some support amongst Republicans. And so there's at least a shot that we can deal with this issue in this Congress. And if we don't deal with this issue in this Congress, certainly the American people give us an opportunity to be in the majority after the midterm elections in 2026. It will be part of a heavy anti corruption agenda that we are going to push forward as Democrats.
- [61:53]
Rashad
What do you say to the people, especially maybe in our community that's just given up on the political process? They feel marginalized from it. They feel like they don't understand it's billions of dollars that go to other countries and you can't forgive student loans. And they, they, there's a, there's a, there's a sentiment that Republicans don't care about us. The Democrats don't really care about us either. Like, so why even take part in the political process or why even, you know, have any trust in a politician at all? Right. And they kind of checked out of the political system altogether. What do you say to that group of people?
- [62:34]
Hakeem Jeffries
Well, I think, listen, at the end of the day, the system that we have in place is one that if you're not at the table, you're likely going to be on the menu and so you better be at the table to try to make sure that there can be a more equitable distribution of resources. It doesn't mean that it happens automatically. It's a fight. And it's a fight that we have to continue to wage and make sure that we are delivering meaningful change to people in the community, particularly communities that have long been under resourced and has been an absence of the type of attention that, you know, people might otherwise deserve. That's not to say that there hasn't been real progress and there has been in the previous administration historic investment in black colleges and universities, historic investment in African American farmers, historic investment when it comes to moving the needle as it relates to African American home ownership. Small business entrepreneurship was up significantly in the last few years under the previous administration. There was tangible signs of progress and of course, millions of people had their loans actually forgiven and the Trump administration is now reversing that effort. But a lot of people actually who were tens of thousands of dollars in debt but may have pursued a career in public service have had that debt eliminated under the previous administration. So those are Tangible indications of real progress. But of course, that's not to say that there isn't a lot of work that needs to be done, a tremendous amount of work that needs to be done to create an economy that's more affordable, that people can, you know, have a comfortable life, provide for themselves, provide for their families, educate their children, purchase a home, have access to health care, and then, of course, one day be able to retire with grace and dignity. We have to get far more people in this country, in the communities that I represent, and beyond access to that great American dream. But at the end of the day, politics, if you were to break it down, is about the management of public money, our money, taxpayer dollars. Politics is about the management of public money. And the question is, you're going to try to participate in that management to make sure that your taxpayer dollars are equitably and effectively and efficiently distributed, or you're going to walk away from that management and allow for people who may not have the best interests of your community at heart to play a more dominant role. And I think clearly being engaged is more important than being disengaged.
- [65:40]
Ian
Speaker Jeffries, in terms of all the rhetoric, all the divisiveness, I wonder at this stage, what does bipartisanship look like from your lens when it seems like there's an aggressive party and then there's a party that's not as aggressive? What does that look like when, you know, we can't agree on pretty much anything? What, what, what do you say to the public? What do you say to people who are watching this and saying it's never going to work because we'll never agree?
- [66:09]
Hakeem Jeffries
Well, I think definitely Trump by nature comes across as hyper aggressive. He tries to bully people. And we saw over the first few weeks, first few months, that he was trying to steamroll his agenda and just jam this extreme agenda down the throats of the American people? I think you have seen aggressive pushback from Democrats. We don't have the Oval Office, we don't have the bully pulpit. But in terms of the totality of the effort, he still hasn't been able to pass a single bill through Congress, a single bill through Congress designed to implement his Project 2025 agenda, because he's faced strong Democratic opposition in the House and similar opposition in the Senate, and that will continue. Principled opposition. But at the same period of time, I think we all have an obligation to try to find common ground to deliver solutions that make life better for the American people. And from the beginning of this Congress, I made clear that if my colleagues on the other side of the aisle were willing to work on issues like creating an affordable economy, lowering housing costs, lowering grocery costs, lowering child care costs, lowering utility costs, or lowering insurance costs, the things that are plaguing everyday Americans, then that's something that we should all be able to get behind. But unfortunately, our Republican colleagues haven't done a single thing, passed a single bill, put forth a single meaningful idea, or Trump hasn't signed a single executive order that actually is designed to address the promises that he made to lower the high cost of living in the United States of America. That's a problem. In fact, we know that Trump promised to lower costs on day one. And a lot of people bought into that. A lot of people believed it. But costs haven't gone down on day one. They're going up. The economy is not getting better, it's more fragile. The bond market is shaky, the stock market has been up and down, inflation is going up, our credit rating has been downgraded. And Republicans are actually crashing the economy in real time. And they may drive us toward a recession at the same time having done nothing to put everyday Americans into a situation where there's an economy that works for them. And so our view, our promise as Democrats that will work with anyone to try to make life better for the American people, but they've got to be willing to participate on the other side and they're not, because at the moment they're just trying to jam their extreme ideology down the throat to the American people. That's not what folks signed up for. Those who may have voted for this guy, he over promised on the economy, now he's under delivering. And I think in our system, the American people are going to have to hold them accountable for their failures. And we have to give the American people a reason not simply to run away from Donald Trump, because there are a lot of reasons now to do that, but to run toward us related to our commitment to improve their quality of life and make sure they can achieve the American dream.
- [69:28]
Fellas
In light of that, given the formation of brics, Tesla losing its dominance in ev, why do you think Democrats and Republicans cannot get along to make sure that the country is actually strong? And I feel like a lot of infighting is done which is taken away from the focus on the enemy threats that we do have. Do you think we'll ever have any bipartisan partnership for a long period of time? Or do you think that things are just too polarized now to ever come to like a common ground while we're being attacked on all fronts.
- [70:04]
Rashad
Yeah.
- [70:04]
Hakeem Jeffries
The American people want us to find common ground whenever and wherever possible. And during the start of this new Congress, that was my personal commitment to the American people. That's what we articulated at the very beginning. And we made clear that we'll work with anyone, you know, in order to make life better for the American people. But as you pointed out, we're in a very polarized moment right now. That has been the case for the last ten years or so. And it's a very difficult environment for people to operate in. And now you have the additional threat of political violence. Right. And people shouldn't have to be concerned that they'll be shot dead simply for doing their jobs and trying to serve the people that they represent to the best of their abilities. But this is the moment that we're in. We can't accept it. We have to work hard to emerge from it. And so my view is we all should be working to bring people together, not tear the country apart. And as you pointed out, we've got external enemies who want to crush us, including, but not limited to China in different ways, certainly economically. Or Russia. Right. Who's an enemy of the United States of America. But not all my colleagues on the other side of the aisle seem to want to recognize that. And. And so none of this internal division is helpful. Abraham Lincoln was very clear in the 1860s, a house divided against itself cannot stand. And it's going to take people on both sides of the aisle who are willing to commit to finding a better path, not turning back the clock, moving the country forward, not tearing us apart, but bringing us together and trying to find the values that unite us. And everybody, I think, just wants to provide comfortable living for themselves and for their families and to be able to experience the benefits of the American dream in the wealthiest country in the history of the world, where we know far too many people are excluded from that. And hopefully we can set ourselves on a path where we can bring the country together around the common goals and aspirations that people have, whether you're a Democrat, an Independent, or Republican.
- [72:39]
Rashad
Well, I want to thank you for your time, but before you leave, my last question is, since you. You brought up China, as I said, I'm actually in China right now. Yeah. And I've been taking tours of manufacturing plants, and it's. It's actually pretty insightful and enlightening, and I gained a lot of insight from my time here. Tariffs. We've talked about tariffs a lot on this show. You right. If you were president Right. And your party, what is your stance on what makes sense as far as working out a fair trade deal? And what makes sense as far as the relationship with United States and China? Because China's not going anywhere. They're only getting more powerful.
- [73:24]
Fellas
Yep.
- [73:25]
Rashad
So diplomacy wise, what do you think.
- [73:29]
Hakeem Jeffries
Makes sense from the standpoint of our relationship with China? We're in a strategic competition with them, and we need to win that competition. But we shouldn't intentionally seek conflict. And for all the reasons that you've articulated and are experiencing on the ground, it is a challenging relationship. I think the problem with the Trump tariffs is that they've been all over the place and they're not strategically being deployed, and it's being unleashed on the American people in a way that are going to cause thousands of dollars in additional expense for everyday Americans per year. And that's the exact opposite of what he promised to do. I also think that launching a trade war against our allies in North America, for instance, Mexico or Canada, made no sense when there was an existing agreement, the U.S. mexico, Canada trade agreement that Trump himself negotiated, and that was actually done in a bipartisan way in 2019. I believe that is not up for renewal until about a year or two. And so it's the erratic nature of the manner in which the tariffs have been unleashed on the American people. And he announces them, and then he pulls back. And then he announces them, and then he pulls back. It actually creates a climate where it's hard for businesses to have any certainty around the rules of engagement. And so economic investment gets frozen, hiring gets frozen, and consumers lose. It's the worst of all possibilities. And hopefully we're going to see this administration change course. But our view is that the best thing that one can do for the economy is for there to be stability involving all stakeholders and figuring out the areas of strategic competition where we have to win, have to bring jobs back, have to near shore or reshore and the areas where that may be impractical. And strategically negotiating a better landscape with China is the right thing to do.
- [75:48]
Ian
I. I agree. Speaker Jeffries, my last thought is this. I agree with you. I think this is a competition. And when you speak of competition, we're referring to AI that we have to win. But I also believe that we as our community have to be able to participate in. So I wonder what your thoughts on how do we make sure that our community is participating in that. That kid in Brooklyn, that young student who, you know, you sat in that seat in your life, who chat gbt has been banned in his school and Tick Tock is fighting for his attention. How do we encourage and how we make sure that we're participating in the conversation when it comes to AI?
- [76:22]
Hakeem Jeffries
Yeah, it's a great question because, you know, we are in the middle of another economic revolution. We were an agrarian society and then we went from an agrarian society largely to industrialization and then industrialization towards sort of an innovation based economy where you also had a lot of service job opportunities that replaced many of the manufacturing jobs, but weren't as economically robust in terms of a pathway into the middle class. And that has been problematic for people in our community and across the country, including in rural America, small town America, the heartland America. But now at a rapid pace, we're moving from that innovation based economy into the next generation of it, which is artificial intelligence. And there is a real risk that under resourced communities in the inner city, in rural America, in small town America could be left behind. And so we have an AI task force that we actually formed in the House and it was bipartisan, I think 11 or 12 Democrats, 11 or 12 Republicans, is led by Congressman Ted Lieu on our side and we recently met on the Democratic side to say we need to be prepared to engage legislatively on AI so that there are guardrails that are put in place that can ensure no one is left behind. And at the same time that we win the competition, we're ahead, but China's been closing the gap. And we're not going to be in a situation where we can win the competition with China if we allow them to overwhelm us in the context of artificial intelligence. And then ultimately the next generation of innovation, which is quantum computing. And so this is, it's an exciting time for innovation in the country, but also a very challenging time. And this is also why staying in the game, getting involved, you know, at the local level, at state level, certainly at the federal level, so that people express their ideas and perspectives and are at the table so that our community doesn't remain simply on the menu.
- [78:50]
Fellas
My final question for you. What do you think the Democratic Party needs to do to be back in fashion or get some of his power back? And given the investment that Peter Thiel has had into JD Vance and the political party, what opposition financially needs to be given to fight the MAGA regime that has come in? Like who, who are the big donors that can offset the Elon Musk's Peter Thiels of the world to help get the Democratic Party back in fashion?
- [79:25]
Hakeem Jeffries
Well, grassroots participation, I think is going to be critical. And we saw that recently, the biggest race so far of this off year was the Wisconsin State Supreme Court race in April. And Wisconsin is a state that Donald Trump had just won. It's a swing state. Sometimes Democrats win, sometimes Republicans win. And there was an open seat on the Wisconsin Supreme Court that would determine which side controlled the majority of the Wisconsin Supreme Court, impacting the lives of the people who live in that great state. But also, it was such a critical, bellwether race that you saw intense engagement from people who are left of center and people who are right of center, including Elon Musk, who again spent in that race $25 million. No one had even come close to that amount on his own to try to win that Wisconsin State Supreme Court race. And we made clear as Democrats that the choice belonged to the people of Wisconsin. Is it your seat or is it Elon Musk's seat? And when presented with that question, grassroots energy and activism rose up, both in terms of on the ground work and grassroots contributions, such that we won that race, and we won it by 11 points. Now, that is a landslide under any circumstances. It certainly is a landslide in a 50, 50 state like Wisconsin. And so it provided, I think, for us a test case that when the people are awakened to the fact that there are big donors across this country who want to jam their ideology down the throats of the American people in ways that aren't often good for the quality of life of the American people, that they still have a voice in our democracy, they can still express themselves. This is still a country anchored in self government, and our democracy should not be for sale. And I think moving forward, you're likely to see that type of reaction to the extremism that's coming from the White House, Trump and his allies. As we move forward, we have a race in Virginia for the governorship and a race in New Jersey for the governorship. It's going to be important for us as Democrats on our pathway back to power to win both of those races. And I think we're on track to do that. And then, of course, in the midterm elections, we'll have a chance to make our case to the American people that you've got two options here. You can either keep House Republicans in the majority, and if that were to continue, then simply going to be a rubber stamp for Donald Trump's extreme agenda. There will be no debate. There will be no effort to find common ground. There will be no effort to solve the problems that you, as everyday Americans, have or you can have a check and balance to the worst impulses of Donald Trump and far right extremists and put Democrats back into power in the House so that we can hopefully get back to solving problems for the American people and not be in this, you know, constant state of chaos, cruelty and corruption, which has been the case for the Trump administration so far.
- [82:57]
Rashad
Thank you for your time. Appreciate it. And yes, thank you all.
- [83:02]
Hakeem Jeffries
Look forward to stay in touch and appreciate again, all that y' all do.
- [83:06]
Fellas
Of course. Thank you so much. No problem.
- [83:12]
Rashad
Okay, there you have it.
- [83:14]
Ian
That was a lot.
- [83:15]
Fellas
Yeah, it was a lot.
- [83:17]
Rashad
The debrief debris.
- [83:21]
Fellas
I would not want to be in a seat.
- [83:23]
Ian
It's a, it's a tough spot to be in. Yeah. Especially I'm. We, you know, we kind of talked about the bipartisanship, but, you know, a House divided is gonna fall. Right. So I guess the writing's on the wall to if we can't get this thing together, which it ultimately seems over and over, year after year, especially in this administration, how. What does working together even look like?
- [83:46]
Fellas
And is it worth it to work together if all the companies have vested interests in other countries as a hedge.
- [83:54]
Ian
Maybe work together means from an international standpoint, a global work together.
- [84:01]
Fellas
Yes. That's interesting. For sure.
- [84:08]
Rashad
Politics is usual.
- [84:10]
Fellas
Well, for sure. That's the other part. I don't know if that system will ever change. It just seemed like it's getting more divided.
- [84:18]
Rashad
It's definitely getting more divine. I'll tell you what, too, like, just even being in China, say what you want, but this country, one thing about this country, everybody's on the same page and that's helpful. I think that that's one of the reasons why they're actually moving forward. Like, I was talking to somebody today and we talked about Taiwan and they were saying, like, you could be doing the best business in the world with somebody. You could be. Have a check for $2 million. If you say chai one, if you say Taiwan is an independent nation, everything is going to change.
- [84:50]
Fellas
It's over. Yep.
- [84:52]
Rashad
Going to do business with you. They, not their, their attitude towards you is going to change because they all are in line with Taiwan belongs to China. Right. We can't even agree on.
- [85:09]
Ian
If man.
- [85:10]
Fellas
Should pay on the date or not.
- [85:12]
Ian
Exactly.
- [85:15]
Fellas
Jordan LeBron.
- [85:17]
Ian
We don't argue that to the death. But here's the thing inside. You could probably answer this from a unique perspective, obviously, you being there. I was having a conversation about, you know, as a community, we don't have a monolithic thought and some feedback to that, like, yo, should we or should we not? But based on what you, you're saying is like, we should have monolithic thoughts and maybe, correct me if I'm wrong in certain scenarios. How do you see that?
- [85:45]
Rashad
I mean, as far as, if you're moving forward, right, you can't be divided on every single issue. Of course every single person is not going to think the same about every single thing. But there's some things, there's a vast majority of things that you have to have at least a majority to agree upon. If, if you have no majority agreement upon anything, how are you ever gonna get anything done? Like, that's not gonna work. It's not going to work out for you. So I think that that idea of, that we're not a monolith, it is hurting us. Even the idea of like you talking about Africa, when it's like Africa is 52 countries, that's, that's hurting Africa. That's hurting Africa. And that's done intentionally because you're thinking or by thinking, that's by thinking on a nationalist level. You don't have enough resources. You don't have enough people. You don't have enough manpower. China has 1 billion people, right? 1 billion people the size of America, a little bit bigger probably. And they all fall under one flag. I'm sure that 1 billion people don't have the same exact thought. I'm sure that that's impossible. But they all are in line. They're all in line. That's helpful. That's helpful. As far as you don't have this group of people doing this, because this group, people doing this, this party fighting with that party, they, they trying their hardest to tear down the president while the other infighting is happening over here. Then the president, the president, like that's, that's a recipe for disaster.
- [87:32]
Fellas
And I always find it interesting in a country that is constructed on racism and the media has certain leanings that we get told that we don't think in monolithic tendencies, but racism does across the world. Like, we, we have to have a united front. And at some point too, like, we have to realize that all these individual opinions are keeping us fractured and you can't make progress with all those opinions being in place. But.
- [88:04]
Rashad
And it comes down, it comes down to discipline too. Like, you know, like I said, I actually got a tour, I got a tour of several, several manufacturing plants and we're not going to catch up.
- [88:20]
Ian
Yeah, that idea too far going.
- [88:22]
Rashad
It's not gonna happen. Like, as Far as the idea of they, they've mastered manufacturing at every single level for every product. So when you're talking about electronics, they have the top manufacturing plans for electronics. When you talking about fashion, when you talk about homegoods, when you're talking about hair bundles, like literally anything that you can. And I went to all of these different places so much so I went to a town that has 200,000 Africans that live there. Right. And I sat down. We're gonna, we got a lot of great content. Shout out to Ty, sat down. We, we actually talked to a brother from Liberia. This 200000 Africans in one particular town. And they, they're here for one reason to, to trade, do commerce. They're sending products back to Africa. So while America is saying like don't do, don't look, can't beat them, join them, you got to be able to work with the people because they've mastered something that we, we, we've given up on.
- [89:29]
Fellas
Yep.
- [89:29]
Rashad
Like they have a skilled works workforce that's disciplined and that's diligent. That alone is almost impossible to do. It's almost impossible to get millions of people to be diligent, to have a set skill set and to work efficiently. That sounds easy, that's, that's difficult to do. So it's, it's, it's one of these things where we gotta just be honest. Sometimes in life you got to have an honest conversation with yourself. Right?
- [90:04]
Fellas
Yeah.
- [90:05]
Rashad
We as a, as a country are falling behind and we as a country aren't. Our biggest issue is, is our divisiveness and that's hurting us. And while we're, while we're infighting, other countries are working together to move forward. It's only so long that we can continue to infight before we are going down and we're going to be second, third place in the, in the ecosystem of the earth.
- [90:38]
Fellas
Meanwhile, while I'm screaming this about Apple, a good book called Apple in China. Apple invested $55 billion into China over the last seven years. You don't think they could have bought some AI technology to embed into Siri? Why doing this is the hedge. To leave the country and have dominance in another country is the hedge while the country is falling apart. It's too late. I always say don't follow what I say follow with the top companies and top governments are doing. If our top companies are hedging in China, what does that tell you about the state of America?
- [91:17]
Rashad
That's a fact. And it's so much stuff. That we don't. They have 20 electric car brands in China. 20, like BYD is one, but there's 19 others. And I saw electric car today. It looked just like the Porsche Panorama. It's, it's a carbon copy of the Porsche Panorama. And she was telling me all of the, all of the young people in China that's like their favorite car. And I asked her, when I say her, I'm talking about the translator that I've been with for the last five days. I said, how much does that car cost? It's the Porsche Panama. It is the Porsche Panama and it cost $29,000.
- [91:56]
Fellas
Insane. Manufacturer makes EV.
- [92:03]
Rashad
They've tricked, they've told you. They've convinced Americans that made in China is bad. When everything is made in China. So psychologically you like, I'm not getting, I'm not getting from, from China. If, if all of these top brands, if all these top fashion brands, right? If all the top fashion brands and all of the top hotels and all of the top, if they're getting their stuff, China, if it's good enough for them, why would it not be good enough for you? So the question that you guys start asking yourself is like, okay, if they're able to manufacture a car that probably is even better than a Porsche as far as the, the electronics and everything is concerned for $29,000 when that same car cost a hundred and ten thousand dollars in America, well, who's to blame?
- [92:58]
Fellas
Who, who would get the blame for it?
- [93:00]
Ian
Yeah, I think there's a level of prestige that people buy with it. I think the high end cars become a little bit more sophisticated, but the everyday car. I'm, I'm with you. Right. For like certain, like a Porsche or Mercedes, there's certain technology that a German engineer will have.
- [93:16]
Rashad
That's not true though. That's not, that's what I'm saying. That's what they, that's what they.
- [93:20]
Ian
You didn't let me finish. You didn't let me finish what I'm saying. Certain specifics, right? Could they make the model of the car? Could they make the replica of the car? I'm sure they can. I'm not, there's no argument that they're actually doing it. I think the prestige part is that that value is the part that we over index on because it is that we have to get it right. Margins get created a little tricky.
- [93:45]
Rashad
But what I'm saying is that they have a better product. Bro, I seen it with my own eyes. They have cars that look like they have Cars that look like Cullinans, that are minivans, talking about swivel seats down. The massage. They give you the massage in, on, in the back seat. The massage in the back seat with the recliner. It looks like, it looks like a Maybach. That's a, that's a regular suv. They have better, they have a better product for a lower price. It's like the Frank Lucas when Franklin Lucas said, I got the best product for the lowest price possible. They have a, they have a better product. They're put, they're making better products at tremendously lower prices. They're not compromising on anything. That's what I'm saying. Like, we've been, what we've been told is not true at all. It's not true. There's no, there's no excuse. What I'm trying to say is that there is no excuse that, that price. Is that what we're paying for things. There's no excuse. It's capitalism run amok. And it's propaganda to, to, to the propaganda. What I realize now is that the propaganda is to make people not fully understand that we're overpaying for things and that capitalism on a certain level has run them up. Because if you can, if you can just have some level of negative propaganda and discourage people from like, oh, no, it's cheap. It's not the same. It's the lower quality, the high end. No, when you start like, no, it's the same thing whether it's fashion, whether it's electronics, whether it's home goods, what, whether any, anything, anything you want. So that's why this, that's literally why people from all over the world are here.
- [95:22]
Ian
Here's the pushback just on that, right? When we talk about electronics. And I'm glad that you brought up Taiwan. Right. So Taiwan manufactures, obviously, the world's largest GPUs, right? So when Taiwan says, hey, we're going to black with blacklist, Huawei and smic, which are the leader GPU companies from China. Yes, they can make a chip. Will it have the GPU power of Nvidia? No. Right. Will they have the GPU power of the amd? No. Right. So they can make it. In this instance, obviously, when we talk about product, when we're talking about some technology, there is going to be a difference. Can they make it? Yes. Will it have the same efficiency or will it have the same compute power? It won't, which is why they want it. Which is why Nvidia is saying, well, I shouldn't Say alleged. But they are saying like, how do we make a product that is suitable? Right. Because if we've banned them from getting the highest level technology to make sure we stay in the front. Right. How do we create something that's suitable so we can still have them as a business partner?
- [96:20]
Fellas
But even if that's true, what Rashad is saying, let's say that's true, that's one category out of thousands.
- [96:27]
Ian
Is that the most important category right now?
- [96:29]
Rashad
And even, even what you're saying, like I said, we as Americans see things from one vantage point. They don't see it from that vantage point because they just, they just have, they, they have, they just lifted tariffs on every African country except for one. Because that one African country still acknowledges Taiwan as an independent nation. They don't see Taiwan as an independent nation. They see Taiwan as part of China. So even what you're saying, they're like, well that's a, that's our technology because Taiwan is China.
- [97:01]
Ian
That's fair. That's fair. But that's, that is 100 fit. But what I'm saying is when Taiwan says we're not making a product and you can't. The product we're making or we're manufacturing, we're not going to do for you, they're getting it.
- [97:13]
Rashad
They get it. Okay.
- [97:18]
Fellas
Like, because companies are founding, finding ways to get that attack to them. I just, Apple invested $55 billion into China. That's a lot of coin. Deep Seek. I won't use it personally. Ty has this, the some of the tech stack that tie his building on Deep Seek. I'm like, I don't know how Apple didn't you already got 55 billion parked over there? Why didn't you buy Deep Seek and put that into Siri?
- [97:54]
Ian
We will admit that Deep Seat, it's not the top tier. Right.
- [97:59]
Fellas
Like it is because they missed out on investing into open AI, which they should.
- [98:03]
Ian
But even like, like Google's VO3, like it's not even comparable.
- [98:08]
Rashad
Well, I'll just, I'll say this.
- [98:10]
Ian
Yeah.
- [98:11]
Rashad
What also what I'm learning too is the art of diplomacy. When it comes to politics. There's certain things that countries say because of their relationships with other countries and there's certain things that's actually realities. So without going too far in it, Taiwan is dependent on the United States of America and Great Britain. I think they have to say certain things and they have to. But they have a flying car in China. I'll just say that. So.
- [98:37]
Ian
They had speed in there, didn't they?
- [98:39]
Rashad
Yeah, they did. So if Taiwan is the equivalent of. It's so close, it's like. It's like Cuba off the coast of America. Right. If you don't think that China is getting the technology, they're finding a way.
- [98:58]
Fellas
To route it.
- [99:01]
Rashad
Literally off the coast.
- [99:02]
Fellas
If America's most powerful company has significant investment in China, you don't think other companies are falling in line? Is it like the other bitcoin play shots of CJ And Michael Saylor and Jack, the other bitcoin players, to have money parked in China? It's just not fashionable to talk about. They're not the only one. When those hoppers made it on a little boat, on a raft, magically to shame that alleged. Come on.
- [99:31]
Ian
The. The third party play.
- [99:33]
Rashad
Yeah, but, yeah, I mean, you know, it's one of these things, man. Eye opening. It's eye opening for sure. Like, you know, like I said, just being out here and just realizing so much stuff, and it's like Matrix, man. Once you see one thing, you see another thing, and then you start to realize, oh, this is how this thing really works. But, you know, I, I think that the Democrats are. Have an opportunity. I think they have an opportunity because a lot of people are not happy with Trump, and I think that he's. I don't think he fully thought that he was going to get the full opposition of what he. Like, you send an ice to. To. And we'll talk about this on Black. We talked about it on Blackout. But, you know, when you send ice to fifth grade's graduation, you're going too far.
- [100:20]
Fellas
You're going too far, bro.
- [100:22]
Rashad
And it's a fact. So I think he underestimated his opposition, and he's having a lot of opposition right now. So the Democrats, I think, have a chance to make some headwind in. In the midterm elections. We'll see what happens. But regardless of anything, my message to the audience is that you focus on getting your money right. You focus on investing, you focus on business, because the games that's being played at the highest level possible, you really have no control over, to be completely honest with you.
- [100:59]
Fellas
Honest.
- [101:00]
Ian
That part, by the way. That part, Yep. By the way. That part.
- [101:05]
Fellas
Yep.
- [101:07]
Rashad
If I'm being honest and even on.
- [101:09]
Fellas
The Democratic side, who's the star? Who are the stars?
- [101:12]
Rashad
Hakeem Jeffries. Westmore.
- [101:18]
Ian
Westmore.
- [101:19]
Rashad
Gavin Newsom.
- [101:20]
Ian
I was gonna say, you got to put Newsom in there.
- [101:24]
Fellas
After he ran California to the ground. Allegedly call a spade a space.
- [101:34]
Rashad
Aoc.
- [101:35]
Fellas
Democrats don't Put her out to slaughter. Please do not.
- [101:38]
Rashad
Bernie Sanders trying to make a comeback out here.
- [101:41]
Fellas
I shouldn't have cut his legs off the first time. We wouldn't be here.
- [101:45]
Rashad
But. But to answer your question, they have nobody that compares to Donald Trump.
- [101:51]
Fellas
Who do they have? And I asked a question. Who do they have? That's the Peter Thiel for Democrats.
- [101:58]
Rashad
Nobody. Well, no George Soros.
- [102:09]
Fellas
Great answer though.
- [102:10]
Rashad
Allegedly.
- [102:11]
Fellas
Do you need the new one though? Technocracy. When they wouldn't have got Zuckerberg and Flip Zuckerberg. Oh my God.
- [102:19]
Rashad
So Zuckerberg will be back. He'll be back.
- [102:21]
Ian
Yeah.
- [102:23]
Rashad
He'll be back.
- [102:24]
Ian
Shout out to the folks at meta.
- [102:26]
Fellas
Love y' all. Dealing from the bottom of my heart. Shout out to the folks and Todd. Love y' all. Love all y' all. Interesting times.
- [102:36]
Ian
William Gates.
- [102:38]
Fellas
William is has become too villainized to be a significant factor in the Democratic party. Yeah, you're going to get some new blood in there.
- [102:49]
Ian
I'm just saying capital infusion events.
- [102:52]
Rashad
But Bill Gates never really gave a bunch of money like that.
- [102:55]
Ian
I don't think there's opportunity for him too.
- [103:01]
Fellas
They will look. It will look away.
- [103:06]
Rashad
We'll see.
- [103:07]
Fellas
We're gonna uncover the philanthropic lie that all the billionaires get to telling to at the end of their life. Things that sound like you said. Certain things you have to say for the public. But in private.
- [103:20]
Ian
I'll make your head pops. I'll be honest with you. I'm not your head. Pause.
- [103:25]
Rashad
Do remember.
- [103:26]
Fellas
Yeah.
- [103:27]
Rashad
Invest fest raffle. If you buy a ticket from right now until Sunday, you enter to win. Every single person that buys the tickets gets access to mg the mortgage guys house Hack to freedom program. Three people will get upgrades to VIP tickets. Two people will get upgrades to platinum VIP and one will get the grand prize which is two all expense round trip ticket, hotel, full experience to Ghana. You better go before it's over, man. I mean as of right now. Because you've seen Chad once. Chad was like, yo, all right. You're gonna ban our people from coming to America. We're gonna ban Americans coming.
- [104:10]
Ian
So how's that gonna help?
- [104:13]
Rashad
Retaliatory.
- [104:14]
Fellas
Retaliatory.
- [104:15]
Rashad
The retirement better get in while you can, man.
- [104:19]
Fellas
Yep. Before the opportunity goes away.
- [104:22]
Rashad
I gotta get my passport. Diversify your citizenship.
- [104:26]
Ian
That's a fact.
- [104:27]
Fellas
I've been look a couple of countries if a la fee get it done.
- [104:31]
Rashad
The golden visa.
- [104:33]
Fellas
Huh?
- [104:34]
Rashad
The golden visa have you moving around.
- [104:36]
Ian
Shout out to our bro who got the golden visa.
- [104:41]
Fellas
When companies are investing as much in other Countries, you have to start to do the same.
- [104:45]
Rashad
That's another thing, too. I think Americans, a lot of times don't realize how fortunate we actually are. You know, even in China, I was talking to people, I'm like, like, it's hard to get to America unless you live in Europe. Take that for what you want. But every other country in the world outside of Europe, it's really hard to get to America. Like, even before the travel ban, we was in Ghana. They like, you gotta wait five years. The average person in Ghana right now has to wait five years to try to get the opportunity to go. And it's like, you gotta go to the. To the. To the embassy and just wait online all day and hope that you can get a meeting with somebody. As an American citizen, you could pretty much go anywhere in the world. Yeah. So I don't think people take that. You should. You should utilize that.
- [105:32]
Fellas
Have to.
- [105:33]
Rashad
Because it's a blessing to be able to travel to other countries, and a lot of people in other countries don't have that same opportunity.
- [105:41]
Ian
I was just going to talk about that process of just traveling internationally, even just like this weekend. And then you. Y' all sent some. I think you sent something in the group chat about the global entry thing. And I'm like, you know what? Yeah, Wednesday, Y' all should probably talk about that.
- [105:54]
Rashad
Or the global entry play.
- [105:56]
Ian
Yeah, yeah, yeah.
- [105:58]
Rashad
They got face recognition. You know, I thought about. Because they have hand and face recognition pay. You know about that?
- [106:06]
Ian
Well, the face resolution pay. Well, Amazon was doing that, too.
- [106:11]
Rashad
The face recognition. No, Amazon had the. The Go stores where you just walk in and just walk out. Yeah, but I'm talking about, like, they got the, like, oh, you can pay off facial recognition.
- [106:21]
Fellas
Yeah, like your facial scan.
- [106:23]
Rashad
Yes. You look at the monitor, it scans your face and it pays. You could do hand. You could do the hand. Like, because I've seen. I'm like, what are you doing with the hand? She like, I'm paying for something. But I'm like, how you paying for something with your hand? She's like, well, you know, we only have one pretty much. You know, it's like a fingerprint. Everybody only has one hand. So I'm like. He's like, yeah, you know, you. You enter your hand into the system, it links with your bank account. And now when you go to a store, you can just do your hand. I'm like, oh. Or you could just do your face. Somebody do the face. So she just look. You look. You look at the thing. It scans your Face. Your bank information is tied to your facial recognition, so it takes money out of your bank account from the scan of your face.
- [107:01]
Ian
It's tricky.
- [107:02]
Fellas
That's crazy.
- [107:02]
Rashad
But what I thought about. I thought about. We've already done that with tsa.
- [107:07]
Ian
Yeah. I'm saying I just walked through. I didn't even. It was just like, yo. Yep, keep going. But what if you got multiple accounts, though?
- [107:14]
Rashad
What do you mean? I guess. I guess you link one account to it. Yeah, yeah, I guess it's. That's, like the one account that you want to link to, the facial recognition thing. But, man, that's. That's crazy. I mean, it makes a lot of sense. You don't need a wallet and a lot of.
- [107:30]
Fellas
Go ahead.
- [107:31]
Ian
They was joking about a face called decline. But now this is a real thing.
- [107:35]
Fellas
And quietly, not a full merger, but Clear, which used to be the alternative, has kind of merged with TSA and the real idea at one time. So, yeah, we got to talk on Wednesday about the rights that are giving up for convenience.
- [107:52]
Ian
Read the fine print.
- [107:53]
Rashad
They got your fingerprint. Think about. They got your fingerprint. Like I said, the TSA there, they got your eyeball scan. They have your thing. They have your fingerprint. The only thing that they don't have is your. Is your DNA.
- [108:06]
Ian
Or your bank account, because that gets you, like, now you owe. You owe the government.
- [108:14]
Fellas
Automatic deduction. Go ahead, my boy.
- [108:21]
Ian
No, no. Check needed. Checking account needed on the walkout.
- [108:25]
Fellas
That would be crazy. Going to a kiosk, negative 84, 000. That.
- [108:34]
Ian
That turns into. Now, it's crypto all the way.
- [108:38]
Fellas
Even with that, I keep saying they bought them out.
- [108:40]
Ian
I get that part, but is it linked? Well, it could be. You're right.
- [108:44]
Fellas
Come on.
- [108:45]
Ian
Safety, y' all. Safety.
- [108:50]
Rashad
All right.
- [108:51]
Ian
Yo, before we get out of here, man, it is Gemini season. Happy birthday to our brother Mike B.
- [108:57]
Fellas
It is his birthday, Mike. Yeah.
- [109:00]
Ian
Shout out to the town a Greenberg legend. A legend in the world of fashion. Want to send him all the best wishes. Shout out to Val. It's her birthday this week, too. Shout out to Val. I know she has a birthday. My sister in law, Alana, she got a birthday. It's Gemini season, man. Happy birthday to everybody.
- [109:16]
Fellas
Shout out to Ebony. Yeah. Are you alone?
- [109:21]
Ian
We send a love. And I want to send traveling mercies to Shoddy. And I'm gonna send it to Ian. Since y' all are both international.
- [109:29]
Fellas
I don't know when I'm coming back. I ain't gonna hold you.
- [109:37]
Ian
Back. Home safely.
- [109:38]
Rashad
It's only right, man. This Thursday, tune in the earn your leisure. We got a live show with Matt about how to real estate investing. Real estate investing. So you real estate enthusiasts tune in 9 o' clock and then blackout. We back 10 o' clock on Wednesday with the live show.
- [109:56]
Fellas
Yep.
- [109:57]
Rashad
So I'm sure there's going to be a lot to talk about, so make sure you tap in, ladies and gentlemen. Yeah.
- [110:03]
Fellas
Stock Club call 7pm Central on Wednesday. Turning the blackout after. If I made you money, please put yes in chat. Lesson of the the week International hedge. Been telling y' all I kept screaming it.
- [110:17]
Ian
Don't worry, don't worry. We'll help. Yo, love is love. Y' all be good. We out of here. Catch y' all Wednesday. Peace.
- [110:25]
Fellas
Peace.
- [110:26]
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