Trump’s Strange Playlist, Kamala on Fox, and Elon’s Robot Fail

Summary

Pivot Podcast Episode Summary: "Trump’s Strange Playlist, Kamala on Fox, and Elon’s Robot Fail"

By New York Magazine and Vox Media Podcast Network

In this engaging episode of "Pivot," tech journalist Kara Swisher and NYU Professor Scott Galloway navigate through a whirlwind of topics, spanning political theatrics, technological advancements, and investment strategies. Their sharp analysis and candid banter provide listeners with insightful perspectives on the most pressing issues in tech, business, and politics.

---

Personal Updates and Recent Events

Timestamp: [02:11] - [05:43]

Kara and Scott kick off the episode with personal anecdotes, including Scott's new friendship with actor Jason Isaacs from "The Patriot" and "Harry Potter" series. Scott humorously discusses his initial struggles with voice acting before Isaacs helped refine his performance:

Scott Galloway [02:11]: "I just, you know, when I have a famous person over, I like to respect their privacy. I am now good, good friends with Jason Isaacs..."

They also reflect on a recent event in New York where they were interviewed by Joanna Coles, emphasizing the importance of their dedicated staff despite ongoing challenges like the McLaughlin Report and business pressures.

---

Big Tech's Leap into Nuclear Energy

Timestamp: [11:18] - [15:28]

Kara introduces a significant shift in the energy sector, highlighting how major tech companies like Google and Amazon are investing in next-generation small nuclear reactors. She underscores the strategic move to diversify energy sources to meet the escalating demands of AI technologies:

Kara Swisher [11:02]: "I keep talking about this. Small nuclear devices that people are going to have follows Microsoft's recent move to revive the Three Mile Island nuclear plant..."

Scott supports this perspective by elaborating on nuclear energy's reliability and carbon-free benefits, predicting it as his top technology pick for 2025:

Scott Galloway [11:45]: "Nuclear right now provides nearly half of America's clean energy... I'm picking nuclear as my 2025 technology of the year."

---

The Future of AI and Investment in Anthropic

Timestamp: [15:28] - [24:58]

The conversation shifts to the evolving landscape of Artificial Intelligence, with a focus on Anthropic—a company founded by AI safety experts. Kara references Dario Amode's essay "Machines of Loving," which envisions AI accelerating medical breakthroughs and alleviating poverty.

Scott delves into his investment strategy, revealing his stake in Anthropic through claims against the bankrupt FTX:

Scott Galloway [19:05]: "Anthropic is my best investment of 2024 because I'm fascinated with bankruptcy filings..."

They discuss the emerging AI duopoly with OpenAI and Anthropic, emphasizing the balance between commercialization and safety in AI development.

---

Political Spotlight: Kamala Harris and Donald Trump's Media Maneuvers

Timestamp: [24:56] - [38:48]

Kara and Scott analyze Vice President Kamala Harris's recent media appearances, including a tense interview with Fox News's Bret Baier and potential sessions on Joe Rogan's podcast. They commend Harris's ability to challenge Trump's rhetoric effectively:

Kara Swisher [25:29]: "Harris pushed back. It gave her an opportunity to push back on some right wing talking points..."

The discussion transitions to Donald Trump's unpredictable media performances, notably his odd decision to play "Ave Maria" multiple times during a press event. Scott critiques this as indicative of Trump's erratic public persona:

Kara Swisher [30:03]: "He also had a bizarre, this bizarre event on Monday where he had enough of answering questions... he played Ave Maria three times."

They debate the impact of Trump's media strategies on his political stock, with Scott forecasting significant volatility in Trump-related media stocks leading up to the election.

---

Elon Musk's Robotaxi Event and Tesla's Market Performance

Timestamp: [38:48] - [54:27]

The hosts turn their attention to Elon Musk's recent "We Robot" event, where he unveiled the Cyber Cab and Robo Van. Both express skepticism regarding the practicality and timeline of these innovations:

Kara Swisher [46:41]: "Tesla shares fell 10% last week following Elon's big We Robot event..."

Scott contrasts this with the successful SpaceX launch and booster recovery, praising Gwyn Shotwell's operational excellence:

Scott Galloway [50:47]: "In the same week, that was just remarkable that it could launch its starship vehicle... caught it with these giant chopsticks."

They lament that while SpaceX shines, Tesla’s robotaxi and Optimus robot demonstrations appear over-promised and under-delivered, affecting investor confidence.

---

Listener Mail: Navigating Financial Planning with Parents

Timestamp: [54:27] - [57:57]

Responding to a listener's query from Nikki in Texas, Kara and Scott offer advice on handling financial planning with a parent who prefers non-mainstream investment strategies, such as investing heavily in gold:

Kara Swisher [55:20]: "You should put some money in gold, fine. But the majority of your assets... in diversified index funds."

Scott emphasizes the importance of diversification to mitigate financial stress and ensure long-term stability for elderly parents:

Scott Galloway [56:50]: "Have her committed."

They advocate for balancing personal investment interests with prudent financial planning to safeguard loved ones' economic well-being.

---

Predictions and Future Outlook

Timestamp: [57:57] - [71:08]

Scott shares a bold prediction regarding the volatility of Donald Trump Media’s stock in the lead-up to the election:

Scott Galloway [68:17]: "...Donald Trump media... will be below 10 or above 80 within three weeks."

Kara discusses geopolitical developments, specifically Italy's recent anti-surrogacy law targeting gay parenting, expressing concern over similar trends potentially emerging in the U.S.:

Kara Swisher [65:02]: "Italy just passed an anti surrogacy law... This is really dangerous."

Scott adds context by highlighting declining birth rates in the U.S., attributing it to economic factors rather than societal shifts:

Scott Galloway [65:18]: "60% of able bodied Americans age 30 to 34 used to have at least one child. Now it's 27%. I don't think it's because they've turned off the kids. I think it's because they don't have the money."

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Closing Remarks

Kara and Scott conclude the episode by encouraging listener engagement and teasing future discussions on technological and political developments. They reiterate their commitment to providing data-driven insights while maintaining their signature witty rapport.

---

Support for this episode was provided by:

• Greenlight: A debit card and money app for families to teach kids about financial responsibility.
• Miro: A visual collaboration platform enhancing team innovation and productivity.
• Life360: A family connection and safety app providing real-time location tracking and emergency features.
• HubSpot: Marketing tools designed to streamline and enhance revenue-driving activities.
• Ether Apparel: Technical outerwear designed for versatility and durability in adventure settings.

---

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Transcript

[Kara Swisher]

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[Scott Galloway]

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[Kara Swisher]

Youm'Re real pretty. Your voice is pretty.

[Scott Galloway]

Yeah, handsome voice. It's like when people meet me and they kind of cock their head and go like, oh, that's, that's what you look like.

[Kara Swisher]

Hi everyone, this is Pivot from New York Magazine and the Vox Media Podcast network. I'm Kara Swisher and I'm in Scott Galloway's living room.

[Scott Galloway]

Oh Kara, let's be honest. It's our living room at this point.

[Kara Swisher]

It is. It's nice. Can you tell the people what you were just doing when I arrived and I had to sit in the foyer?

[Scott Galloway]

Kara, I don't like to brag. I just, you know, when I have a famous person over, I like to respect their privacy. I am now good, good friends with Jason Isaacs from the Patriot, the Harry Potter films. He's like one of those great Shakespearean British guys who's also quite handsome and, and delightful and delightful you got to hang out with him.

[Kara Swisher]

He had many a story, a very charming story. You're going out with him in London now. You've made a new friend, a new famous friend.

[Scott Galloway]

I have made a new friend.

[Kara Swisher]

Yeah. Like he was. You were, you were. You're going to be in that thing.

[Scott Galloway]

Yeah, I'm really, I'm super excited. Of course. It's. It's hilarious. My first kind of major original scripted drama appearance is just my voice.

[Kara Swisher]

Yeah, that's perfect.

[Scott Galloway]

I don't know what to take from that.

[Kara Swisher]

That's perfect. You're real pretty. Your voice is pretty.

[Scott Galloway]

Yeah. Handsome voice. It's like when people meet me and they kind of cock their head and go, oh, yeah, right.

[Kara Swisher]

Because they know you're.

[Scott Galloway]

Oh, that's what you look like. I got it. We were talking about this. I've always looked at, I don't know, Hollywood in the industry. Not askew, but you know, oh, anyone can do that. And I tried it and it was so hard and I was so bad at it. And they sent over Jason and he literally turned my chicken shit into chicken salad. And I just, I'm like intoxicated. This guy was so good.

[Kara Swisher]

I know.

[Scott Galloway]

And so he gave me such great direction and told me what points to hit and set up scenarios. All right, this is you. You know, imagine you just found out this and like, uh huh. I'm just totally blown away. I've decided you love it now. Oh, no, I need to be. I'm going to be Glup shitto, the new character in Star Wars.

[Kara Swisher]

Can you say what you're doing? Are you allowed to say what you're on? It's a voice. You play a voice over the phone.

[Scott Galloway]

Yeah, I don't. I'll just say it's the arguably one of the most popular original scripted dramas and it's coming back for a new season. I don't know if I'm allowed to say anything.

[Kara Swisher]

No, I think you're not. Because I'm also in one that I taped, as you recall, in Los Angeles.

[Scott Galloway]

Oh, you had to one up me, didn't.

[Kara Swisher]

Well, I'm on camera. I had to join SAG as you know, to do it. I'm on camera and I play myself, so that's a little easier for Kara Switch.

[Scott Galloway]

I gave my money to a Thai orphanage so I don't have to. I'm serious. That's a true story. So I don't have to join a union, but they'd love to have me. They love to have me.

[Kara Swisher]

Can I just Tell you if you appear enough, you have to join sag. And that will be a day where I will do a dance.

[Scott Galloway]

Now I get it.

[Kara Swisher]

You know what? You're going to get intoxicated. You're going to be on your own set of your show, and Rosamund pike will go, scott, we'd really like you to play yourself.

[Scott Galloway]

I'm totally starstruck. I'm, like, in my trailer. I'm on Calla Lily's Haribo gummies, starch, and some Saran Wrap right now.

[Kara Swisher]

Oh, God.

[Scott Galloway]

Right now.

[Kara Swisher]

In any case, we are in New York. We had a beautiful event last night where Scott and I were interviewed by Joanna Coles at Zero Bond. That was fun. We're being very like. We're having some good times.

[Scott Galloway]

We're just fucking fabulous.

[Kara Swisher]

It was fabulous. We were.

[Scott Galloway]

After all this bullshit, you dealing with, I don't know, the McLaughlin Report and me dealing with clients and employees, we're like, these are our salad days.

[Kara Swisher]

These are our salad days. It's true. And we had our staff over both. All the staff, Prof. G. From on. And we want to thank them for their amazing work. And we had them all together and.

[Scott Galloway]

They asked us questions mostly, most of the time, amazing. I'm not sure I'd call it amazing.

[Kara Swisher]

Okay, good.

[Scott Galloway]

You know, amazing. Ish. Amazing Ish.

[Kara Swisher]

Amazing. Ish. Anyway, we've been doing a lot. I'm very excited. I'm very excited.

[Scott Galloway]

So my favorite question from last night, and I want you to repeat your answer, mostly because then I want you to ask me, but why don't you just answer it? This really thoughtful young woman said, what is each of your purposes? Like what. What. What is your goal now in life, Kara?

[Kara Swisher]

I didn't have one. I didn't. I just. I didn't have one. I'm doing exactly what I want.

[Scott Galloway]

You didn't. Oh, that's why I don't remember. You really didn't have one?

[Kara Swisher]

No. I was like, no. How do you find purpose? I was like, I love my work and I love my family.

[Scott Galloway]

Oh, that's right. You said that.

[Kara Swisher]

I think that was it. I don't. I like what I'm doing. I don't have a. I don't have a worry about that. But you had a good answer.

[Scott Galloway]

You need to do more ketamine and say, well, you know, and be more intentional.

[Kara Swisher]

No, I don't want. I don't say words like intention. That's why I'm happy. But what. What is your answer to that?

[Scott Galloway]

I said that I love what Richard Reeves said in Boys and Men about surplus value, about figuring out a way that you give more love than you take. You create more tax revenues than you've taken from the government. You know, you're better to your parents, which isn't easy, than they were to you over the course of their lifetime. I love just the idea of surplus value. It's totally.

[Kara Swisher]

I love that idea.

[Scott Galloway]

Yeah, it's fantastic. I think, quite frankly, that's how you become a man. And I tell this to my boys, where your school's spending a lot of time and energy on you. You're not giving anything back. Your parents are loving you more than you're loving us back. At some point, you're going to add surplus value. I love. I love that notion also. For me, it was sort of giving up the scorecard, if you will. I used to kind of mark all my relationships, and if I didn't feel I was getting more out of them, I would shed them or get upset, which is so stupid.

[Kara Swisher]

It's a scarcity mentality. Right. It's an idea.

[Scott Galloway]

Well, no, yeah. It's not the way to live your life because you'll always inflate your own contributions and deflate other people's. It's a terrible way to live your life. It was a big unlock for me, which kind of similar thing. And then when I did my ketamine therapy and I knew this, but I came out of it and I just sort of clarified, and I guess it didn't clarify, but just cemented the notion that I'm supposed to. My mission now is to raise patriotic, loving boys. That's my mission. I think that's every parent's mission, is to raise really healthy, wonderful citizens and.

[Kara Swisher]

Give Carrie your apartment now. I think it's time that you turn it over to me.

[Scott Galloway]

That almost came in second, but it was third.

[Kara Swisher]

I feel like if you want to be a, you know, a giver and of. Of cornucopia and of boundlessness, you should sign this apartment over to me.

[Scott Galloway]

You've been here every day. I think you're here more than I am.

[Kara Swisher]

I know that you're very generous. You're a very generous man.

[Scott Galloway]

Thank you for saying that.

[Kara Swisher]

But we've had a good time. I. I love spending time with you, Scott. I do. It's really enjoyable. We laugh. We have a lot of laughs. I'm coming to London next week, but you're not going to be there.

[Scott Galloway]

I'm not. I'm not.

[Kara Swisher]

Can I go over your house and look at your things?

[Scott Galloway]

As if. As if you were going to ask.

[Kara Swisher]

Yeah, no, I'm going to. I'm going to call your wife. Is she there? No, she's off partying, isn't she?

[Scott Galloway]

Yeah, no, she's in Miami at some music festival. This arrested adolescence phase that I think she's going to grow out of in about 30 or 40 years.

[Kara Swisher]

Oh, your wife is fun with all.

[Scott Galloway]

Of her hot Florida friends who are also going through the same. I used to be. I used to be hot and now my eggs are dying. I need to try every drug and go to every.

[Kara Swisher]

You're not a party. You're not a music festival kind of guy.

[Scott Galloway]

Oh, my God. I went three years ago, and I'm like. And I went and saw Rufus De Soul first off. I was literally like, you know, I'm here to pick up my daughter or my granddaughter.

[Kara Swisher]

Right, Right.

[Scott Galloway]

And two, it was crowded and all I could think about. This is how you think when you get old. I'm like, what if there's a fire? What's the.

[Kara Swisher]

Yeah, what's my exit plan?

[Scott Galloway]

What's the exit route? That's how you think when you're older. I'm like, if I slipped and broke a hip right now, would anyone even notice?

[Kara Swisher]

It's true.

[Scott Galloway]

Yeah, that's how you think.

[Kara Swisher]

Yeah. Anyway, I think you have a good time.

[Scott Galloway]

I do my drugs at home and I turn on Spotify. That's my music festival.

[Kara Swisher]

I think you have a good time. I think you were actually happy last night, which I really like, and I know you were happy.

[Scott Galloway]

Yeah, I had a great time.

[Kara Swisher]

You're very smiling. Anyway, we've got a lot to get to today besides us being personally happy and joining the Hollywood ranks, including Kamala Harris Fox News interview, which was last night Donald Trump's disturbing dance party, if that's what you want to call it. And Elon Musk Robo Taxi event that was basically smoke, mirrors, and fake robots. Let's get to it. I heard you first. We discussed this yesterday. I heard you have an update to your apology to Dax Shepard that I suggested you do.

[Scott Galloway]

Oh, we're back to our star fucking.

[Kara Swisher]

No, no. But this was it. People are want people. Many people ask me about this on the stream, the Dax Shepard situation.

[Scott Galloway]

Yeah. My testicles finally descended and I sent him a text apologizing. And he was incredibly gracious and generous back. And he didn't say, though, no problem, I'll come back on your podcast. We want to have you back on the podcast. It was. He was very gracious, very Polite, but that's it. I'm out of Dax's life.

[Kara Swisher]

You know why? What did I tell you? Why did he not offer something in return?

[Scott Galloway]

Why, Kara?

[Kara Swisher]

Because you're on a lower shelf.

[Scott Galloway]

That's literally my new nickname. Lower shelf. People are going to start coming up to me and going, hey, alas, he.

[Kara Swisher]

Commented he's not a higher. Oh, did he comment saying he's not on a higher shelf?

[Scott Galloway]

Oh, really?

[Kara Swisher]

Well, that's what a higher shelf person would do.

[Scott Galloway]

Oh, he's commenting back.

[Kara Swisher]

Oh, yeah, he's on a higher shelf. Dax. I'm sorry. Plus, now your wife's in, like, the hottest sitcom. You're on a way higher shelf now. You've moved up. Your wife has moved you up a shelf.

[Scott Galloway]

People love that. No one wanted this. Is that what it's called? People love it.

[Kara Swisher]

Nobody wants this. It's great. I watched the whole season. You have to watch it. There's problems, but it's funny. It makes you feel good. You should watch it. It's great. And Adam Brody is a dreamy man, I have to say. He plays a hot rabbi. Yeah.

[Scott Galloway]

George Hahn's cousin Kathryn Hahn played a hot rabbi. And she is.

[Kara Swisher]

And she's on a show, too. She's on.

[Scott Galloway]

Oh, she's huge.

[Kara Swisher]

Yeah.

[Scott Galloway]

She's like the character actor of all character actors. And now she's a lead in a new Marvel thing. She's blown up.

[Kara Swisher]

She's a bad witch. She's a bad witch who's trying to be good, but not really. But anyway, Dax, thank you for being so polite.

[Scott Galloway]

Thank you, Dax.

[Kara Swisher]

That's what a higher shelf person would say. Which indeed you are. So this is interesting. Big tech is going all in on nuclear energy. I've talked about this for AI. This week, both Google and Amazon have announced they're investing in new generation of small nuclear reactors. Remember, I keep talking about this. Small nuclear devices that people are going to have follows Microsoft's recent move to revive the Three Mile island nuclear plant. That's a move. They must really need energy. Are you surprised they're all doing this? They've just decided to revive nuclear. They have decided.

[Scott Galloway]

Look, if the choke point, it appears, is not demand, it's not applications for AI. The choke point is supposedly the incremental demand and power consumption. And if you think about. So, nuclear right now provides nearly half of America's clean energy. It's one of the most reliable energy sources in America. It doesn't need to be windy. The sun doesn't need to be out. It's also in case we haven't forgotten here, in case we don't remember, it's carbon free. And every year I pick a technology of the year. In my predictions. In 2022 I picked AI. In 2023 I picked GLP1. Spoiler alert for, you know, for 2025, it's absolutely nuclear. And if you want reliable, serious, efficient energy that has no carbon footprint. And let me just remind everyone again, my favorite bumper sticker. More people have died in Ted Kennedy's car than in a nuclear power plant in the United States. It all roads lead to one place and that is nuclear. And the innovation here because of people, the capital pouring in. I think big tech's, I think it's going to be great that big tech's going into this. Bill Gates.

[Kara Swisher]

Bill Gates is a big. Yeah, I did an interview with him where he talked about it quite just recently and then a couple years ago and then oddly enough I did an interview with Oliver Stone who's really into this nuclear energy, which was odd. He's still an odd. He has a bunch of conspiracy theories. He wanders around and spews every now and then. But he had done a whole documentary on this and Sam Altman is very invested in, I think it's called Helion. All kinds of different efforts happening here. It definitely got bad pr. That and when I did these interviews at the time, this was three years ago, maybe it's when I was doing my New York Times podcast, I got so much pushback from people and I was like. And Stone was making the point that it got bad PR because of movies.

[Scott Galloway]

Hollywood, worst branding in history.

[Kara Swisher]

And the new generation are different. You're not gonna see those sort of menacing looking towers, although I'd be interested to see what they do at Three Mile Island. But the new technology around them is really quite interesting. And it's an important thing to invest in because as Gates says, solar isn't gonna make, isn't going to make it, recycling isn't going to make it. We're going to need a number of things. And now with these huge pulls on the, on the energy grid because of AI, that's another thing. And it's great. Let the tech companies pay for it. That sounds good to me.

[Scott Galloway]

First off, I remember I grew up in Southern California and when I was learning how to surf, some of the surfers used to go, I think it was San Onofre because they use water to cool the reactors. And so there was so much hot water that there was a part of the Ocean that was actually warm. And it's not dangerous water. It's just water that's been heated and there's no free lunch. There are quote unquote waste or emissions. And it's spent nuclear fuel. But you could take all of the nuclear fuel and it would be. You could put it in a container that would cover one football field and be 30ft high. That is the total. Now granted, you don't want to get near that shit. It needs to be secure. It's not going to be not scary for thousands of years. But it's one football field 30ft high. That's the total emissions. I'm so into nuclear.

[Kara Swisher]

You know what we should do? We should have Elon stop focusing on the election and take it in one of his rockets and bring it to Mars. I think that's a great idea.

[Scott Galloway]

What? Take what?

[Kara Swisher]

Take the nuclear stuff and bring it to Mars.

[Scott Galloway]

Take the waste, take the nuclear stuff and bring it to Mars.

[Kara Swisher]

Take it into space?

[Scott Galloway]

Yeah. I mean, I don't know how you're squaring that circle. I don't know what's going on there. What is that?

[Kara Swisher]

No, no, I just think. I'm trying to think of a way to dispose of it. Not on this earth.

[Scott Galloway]

Oh, I see. Take it somewhere else.

[Kara Swisher]

I'm way ahead of you.

[Scott Galloway]

No, you are way ahead of me.

[Kara Swisher]

Obviously smarter.

[Scott Galloway]

I'm an actor.

[Kara Swisher]

You're an actor now. You're not so smart. You're pretty. Anyway, last thing. Anthropic CEO wants you to know that AI will change our lives. This is a company that's a little less positive about AI and was more. It was started by people who were worried about safety. But Dario Amode, who is well known, another well known figure, has released an essay titled Machines of Loving, laying out a utopian view of AI's impact, which was interesting. In the essay, Amode suggested AI could accelerate 100 years of medical process, something we talk about a lot, making it possible in just a hundred days, cure mental illness and alleviate poverty. The CEO says the powerful AI could come as early as 2026 and that there are also ways, also ways it could take much longer. It's really interesting because I've had conversations with, as I said, Bill Gates, Yuval Harari, with Meredith Whitaker this week who runs Signal about the utopia of AI. On with Charis Fisher. But we also have to be realistic about the dangers. Let's listen to a recent interview I did with Yuval Harari, the author who both Scott and I have great regard for. What Is AI Why is it dangerous? What is the threat? And a lot of people have difficulty grasping it. It's not like nuclear weapons that the danger was obvious. A nuclear war which will just kill everybody. What's the danger in AI? And I think one of the key issues in the conversation about AI is to explain that it's not about the big robot rebellion. It's more about the AI bureaucrats. It will take the world from within and not by rebelling from outside or from below. I mean, AI, yes, it's not a general intelligence, but it doesn't need to be within a bureaucracy. You need a very kind of narrow intelligence to gain enormous power. He had some really interesting thoughts that went off in different directions. I saw this play this week In New York, McNeil with Robert Downey Jr. Which is also covers the issues around AI but Dario doing this is really interesting because he's sort of been more of the, like, alarm raisers. But might it have anything to do with Anthropic hoping to raise funds at $40 billion valuation? Tell me what you think's happening here.

[Scott Galloway]

Well, I'm. I'm really betting or hoping that Anthropic does well. First off, Anthropic, we might as well call it Amazon AI. It's just hilarious, all these sub brands in an attempt to distract the FTC and the DOJ from the fact that it's the same players. There is a new duopoly forming, and that is open video is what I call it. So anyone that's a challenger to either of those firms is good, I think, for the ecosystem and the economy. And the way I use AI is I use it as a thought partner. So if I'm writing and you use Claude from anthropic, I use ChatGPT and Claude. Right.

[Kara Swisher]

Okay.

[Scott Galloway]

And why wouldn't you? It doesn't make any sense to me that someone would just use one or the other. Because if I'm writing something and I think, okay, give me. I mean, I will absolutely. You know, we're doing character development for this original scripted drama, and I'm thinking, okay, this character needs some hobbies to add some texture to their personality. And I'll put in the character. I'll do everything. I'll say, this is. I'll even describe what the original scripted program is about everything. And I'll say, give me some interesting hobbies that would feel real for someone in this position, but add some flavor and unexpected, and it'll come back eight hobbies, and five of them make no sense. Two of Them are fine. And you think one, you're like wow, that's great.

[Kara Swisher]

Yeah, that you wouldn't have thought of. Yeah.

[Scott Galloway]

And then I go to Claude or ChatGPT and I type in the exact same prompt to see what it thinks. So why, why not have one thought partner, why have two? And also in an indirect way, Indirect way. And I don't like to do this very often, but I'm going to bring this back to me. Anthropic is my best investment of 2024 because I'm fascinated with bankruptcy filings. You know, see above losses, virginity at 19. The the. And I looked at the bankruptcy filing for FTX and it listed all the assets and it said, you know, have some shitcoins, have some bitcoin, have a little bit of cash. And one of their assets was, it said Anthropic shares. And I couldn't figure out how much. All it said was they had invested a half a billion dollars in Anthropic, I think somewhere between three and four years ago. And I thought, okay, realistically they probably own 10% of anthropic or basically FTX has 10% of anthropic as part of their asset base. And I thought Anthropic is probably worth 30 to 40 billion dollars, meaning that the 9 billion dollars in claims against FTX, a bankrupt FTX, 30 to 40 cents on the dollar, were just in Anthropic shares. So I went out and when I went out, you could buy claims against a bankrupt FTX for 22 cents. And I thought there's at least 22 cents worth of anthropic shares here for the debtors or for the claimants. And I made my, what is probably my biggest investment of 2024 and fast forward, it's always great to talk about your wins. I also got the shit kicked out of me on a healthcare startup, so I lose money all the time. But anyways, these claims now are worth 120 to 140 cents on the dollar. And it all started.

[Kara Swisher]

Yeah, you talked about that. I'm glad you disclosed that by the way. By the way me 16. Okay, me 16.

[Scott Galloway]

I don't get it.

[Kara Swisher]

15. 15. Anyway, 15.

[Scott Galloway]

What? I don't understand.

[Kara Swisher]

You talked about when you lost your virginity.

[Scott Galloway]

Oh God. 15.

[Kara Swisher]

16. I didn't care. I was a lesbian. I didn't care if I slept with men. I didn't have to give them blowjobs.

[Scott Galloway]

I didn't find any of these fun loving lesbians in high school.

[Kara Swisher]

I was unusual. I was unusual. I didn't want to give people bojas. I thought I was repulsive and so I would sleep with them. Thank you. Go find a lesbian. That's what you needed to do.

[Scott Galloway]

God. So every bone in my body is saying, don't say anything. Nuclear power, nuclear power, nuclear power.

[Kara Swisher]

But talk about this, because Anthropic was sort of the. There's all these safety, like the guy who left Ilya, left OpenAI others involved in safety or pushing that. And Anthropic was that company of people that were much more dreamy about the idea that we keep everything safe and that Sam Altman was rushing too hard to commercialization. And that's precisely what they're doing, Right? Correct.

[Scott Galloway]

In a capitalist society where your kids are going to have more opportunity, you're going to live longer, less likely to be depressed, less likely to be obese, have a much, much larger selection set of mates, and people will laugh at your jokes. If you have a lot of money, the incentive in America all points to one thing. It's not be a good person. It's not think about the Commonwealth. It's do whatever you need to do or say to get the price of the shares and the equity value up. And all you need to do if you want to understand why corporations are making the decisions they're making, or why a CEO is saying anything, or why David Zaslav is at the US Open with Tom Cruise, probably hoping to sign him up for some sort of movie deal with HBO or Warner or Elon Musk also.

[Kara Swisher]

But go ahead.

[Scott Galloway]

All you need to do is reverse engineer to the money. And the notion that these guys, even Volvo, who generally wants a safer car, they do it because they realize there's demand and people will pay incremental margin for an underpowered car.

[Kara Swisher]

But why do they have to go on about Sam Altman said in a recent blog post suggesting superintelligence, they really are selling it with massive prosperity, which I prefer, I have to say. I prefer Sam Altman's version because at least he's being honest. Like, we're going to make some dough here. I find it irritating on these people that say safety, safety, safety worries, and then the minute they need to make money, they go right to the money, which I don't mind if that's what they say. I just don't want to listen to them yammer on about, like, how great it's going to be for all of us when you know it's going to be great for them and maybe for us.

[Scott Galloway]

Yeah, Like, I think, look, I think the wrap should be, our focus is on for profit. We think this, like anything, will have any technology is going to have a ton of upside. It'll also have some externalities. And we're genuine about trying to work with government. And they all say this, and it's a lie, but we're trying to be thoughtful about the potential harms here. That's the best they could do. But they're not. They're gonna always look. When you're paid not to understand something, it's really easy to not understand it. The CEOs of tobacco companies could just never make the link between nicotine and addiction or between combustibles and lung cancer. Despite evidence everywhere, the thought that we were gonna try and get them to realize or the CEO of Exxon is ever going to come to grips with the existential crisis of climate change. No one at his funeral is going to say he was the CEO of the biggest fossil fuels company in the world. But he choked back on it, and shareholders lost money. But maybe the world is one millionth of a degree cooler than it would be otherwise. All they're going to remember is if he was a generous guy and if he had a fat house and his kids did well. Every incentive in our. Our economy points towards money.

[Kara Swisher]

I find it irritating they have to always go with utopia, like, it's going to be so good for everyone. And I think it probably will be. I just am like, stop selling past the sale.

[Scott Galloway]

I guess that's how we're connecting the world.

[Kara Swisher]

Yes. Just like you're making money. Right? Okay, Got it.

[Scott Galloway]

Organizing the earth's information.

[Kara Swisher]

Yeah, exactly. Like you're not here to. Don't be evil. Stop it. Stop it. They can't help themselves, these tech people. Anyway, let's get to our first big story. Vice President Kamala Harris appears to be taking our advice. I'm sure she's listening to everything we say as her media blitz continues. Harris's campaign officials met with Joe Rogan's team this week about a potential interview. Although. Cause he's such a doormat, it's perfect to go on there. Although an appearance has yet to be confirmed.

[Scott Galloway]

Doormat? You really think it's a doormat? I think it's gullible.

[Kara Swisher]

Oh, he's just like, whatever someone says. He's like, oh, interesting. He'll just be complimented that they're there. Donald Trump also hinted at doing Rogan on Wednesday. Harris. Why wouldn't they? It's enormous. That's why she did call your daddy. On Wednesday, Harris sat Down with Fox News, Bret Baier. Another thing we suggested she do. And in fact, things got heated. Brett was trying to be Mr. Tough, I guess, and did a few Republican talking points and talked over her quite a bit. I thought that he needed to, I know what he was trying to do, but he didn't. He looked like he was super nervous. Harris pushed back. It gave her an opportunity to push back in some right wing talking points and also tried to make the case for why Trump is so dangerous. Let's listen. You and I both know that he has talked about turning the American military on the American people. He has talked, talked about going after people who are engaged in peaceful protest. He has talked about locking people up because they disagree with him. This is a democracy, and in a democracy, the president of the United States, in the United States of America should be willing to be able to handle criticism without saying he'd lock people up for doing it. Yeah, I thought she was quite strong. Her answers on immigration were okay, but she was there. She did say her president would be different than Biden's, which is what she didn't manage to do on the View, which she. I think people want her to do it in a deft way without throwing him under the bus. So do you think she succeeded in winning over any right wing voters? I thought going there was a, was a good thing. And it's not. You know, I was on CNN last night and Scott Jennings, who can be super irritating, although isn't stupid, was like, well, she doesn't get a participation trophy and I owe my.

[Scott Galloway]

Well, she kind of does.

[Kara Swisher]

She does. She kind of does, Scott.

[Scott Galloway]

And she kind of does because. Because he's not.

[Kara Swisher]

That's right. And also, guess what she didn't do? Spend 30 minutes swaying to music, playing Ave Maria three times.

[Scott Galloway]

God, that was weird.

[Kara Swisher]

So she didn't do that. And so the, you know, they grade her on such a curve compared to him.

[Scott Galloway]

He literally is addled, no comparison.

[Kara Swisher]

And at the economics club, he spewed nonsense. I thought this was a win for her and I thought it's good that she does. She should do it again. She'd do it over and over again everywhere.

[Scott Galloway]

Yeah, look, just being there. If you want to be part of the resistance, you have to go behind enemy lines. And if you're good at this, it goes. I mean, the best moments for Clinton or for Governor Newsom are when they go on Fox because they can.

[Kara Swisher]

Yeah. And Pete Buttigieg too.

[Scott Galloway]

100%. Secretary Buttigieg is never better than when he's on Fox because he's like, guys that literally bitch, that's the best you have. And he's back in their face with it. And I thought she was okay. I think on the whole it was a win for her. She's not great on her feet and sometimes her words come across and I want to be clear, she is held to an entirely different standard than Trump.

[Kara Swisher]

Well, because she can string a sentence together, but go ahead.

[Scott Galloway]

Well, and not only that, I mean the reality is I'm going to go there. It's just a different standard for a woman. A woman is if she was hallucinating on stage and said, oh, we're going to listen to the song and set up their swing for 30 minutes, everyone would just be like, oh, she's crazy. She's not a serious candidate we can't vote for. I thought it was good that she went on, but here's this will be the election of the podcast because if she goes on Joe Rogan, which I think she's going to do, she will reach more people by being on Rogan than she would reach if she went on CNN, Fox, MSNBC in primetime combined. He gets 11 million listeners per show. Go on all those shows every day of the week for a full week. Not as many people will see you as if you go on Joe Rogan.

[Kara Swisher]

She also has to go on everything. I think she'll get better as she does it right. Everybody gets better as they do things. We got better at this podcast as we did it right. And I do think once, interestingly after the debate, even my mom was like, oh, she was pretty good. They just need to see her and if she doesn't like sway to the music and let's just talk about that former President Donald Trump. Not only did he Clint himself the father of IBF and an all female town hall with Fox News, it was packed with pro Trump people, by the way, women. Not one detractor. He also had a bizarre, this bizarre event on Monday where he had enough of answering questions of which he were all pre selected, by the way. It was 39 minutes. They replayed Ave Maria which the last time I heard it was at my grandmother's funeral.

[Scott Galloway]

I'm sorry for your loss.

[Kara Swisher]

Thank you. It was like 30 years ago.

[Scott Galloway]

That's the trauma. We figured it out. That's the trauma.

[Kara Swisher]

Trauma. I know Ave Maria. I cannot believe he played it three times. Governor Tim Waltz summed it up pretty well. Let's listen. He stopped taking questions and stood frozen.

[Scott Galloway]

On stage for 30 minutes while they played His Spotify list to people. Do you think he knows the story behind the YMCA song?

[Kara Swisher]

Look, it was.

[Scott Galloway]

Yeah, it was strange, but if this was your grandfather, you would take the keys away. You would take the keys away.

[Kara Swisher]

Yeah. And Kristi Noem looked like a home health aide. She looked like she couldn't. She needed to find a dog to kill to take the attention off of him. Some people have dismissed this stuff as silly or weird. I find it concerning. Reuters has polling on whether people believe Trump is, quote, mentally sharp and able to deal with challenges. 53% of voters agreed with that sentiment in July of 2023. That number is down to 46% as of last week. People are sort of getting the message. What do you think about his. You know, she could always have done better, but she could string sentences together and go, you know, mano a mano with Brett. He. He had a very hard time in all his interviews having any cogent sentences. How do you. Do you think this matters? Has it gotten through quickly enough?

[Scott Galloway]

I think the Trump campaign believes that as of right now, they would win. And they're playing defense. I mean, they're. Susie Wiles, the brains behind all of this. I think she's basically said, look, we have momentum right now. Just put them in a basement, don't let him speak. And he's kind of gotten the message. He doesn't go free form. He doesn't want to answer questions. He's trying to avoid anything. I think at this point in the campaign, it's a strategic mistake. The way you lose in football in the second half, if you're up two zero, is you play not to lose. And he's playing. I think right now, he's playing not to lose. I think she's doing absolutely the right thing, I'd like to think. And again, I won't speak for you. I'm too close to this. I'm too emotionally involved in it. But I think where the next two or three weeks are going to really help is one, I do think money helps in terms of turnout, the vote in a ground game and she has more money. And two, I think her team of surrogates, whether it's Bill Clinton and Waffle Houses or Barack Obama speaking to black men, I think her surrogates are more powerful. But it's very interesting. The momentum has swung back pretty aggressively towards Trump over the last two weeks. I'll be curious what happens this week. And the ultimate litmus test, in my opinion. The only poll I'm watching, the only poll I trust is the stock price of Donald Trump media.

[Kara Swisher]

I don't. I think it's all gamed along with Poly Market, which is controlled by Peter Thiel, by the way, FYI.

[Scott Galloway]

Well, well, it's pretty interesting. It was at 46 when, after the Biden debate, when everyone thought he was still going to stay in. And then when he dropped out of the race and Vice President Harris got some momentum, it plummeted to 12. And in the last two weeks, since he's reestablished some momentum, it's now back up to 34.

[Kara Swisher]

I think that just reflects their confidence. It doesn't mean that it's not bound in truth, I think they're confident and that is absolutely true. That said, he was at Univision last night and Scott, this audience was just. Was subject to him. He's gone out into. He's not in a basement, that's for sure. He's around. Grandpa is wandering around saying weird things. He was on Univision. Go watch some of those clips. One guy, he said January 6th was a gathering of love. He started going on about immigrants. When a guy asked, I gotta tell you, the questions from this, I think it was a largely Hispanic audience were great. They were like, okay, you're gonna get rid of all these immigrants. Who's going to pick my crops? Like I, I pick crops for years. You're going to make prices go up. And they had great. One was like, I'm sorry, I'm a Republican, but what is going on with you in January 6th? You need to stop. He, he had all kinds of nonsensical questions. And one, when he did the, that January 6th was a gathering of love. Literally the whole crowd was. You know, when you look down when an old person pees in their pants, you're like, everybody doesn't want to say anything. That's what the whole crowd was looking down anywhere but at him. And they were concerned. Like, this guy needs to be taken off stage because he needs to have his diaper change. And that's what it felt like. The more he's out, the more it's dead clear he's mentally incapacitated or increasingly so. I'm not so sure I believe in the Trump stock thing. I think they're confident. I think it's misplaced confidence because I do think this crowd was fascinating to watch them react to him. And the same thing at the Economic Club. Anywhere he goes, he's addled. He's just addled anyway. What he's not addled about is he would quote, he would do something about Google. In an interview with Bloomberg's editor in chief, which I was talking about, Trump was asked about the do his recent proposal to possibly break up Google, which he initially responded with a rant about a lawsuit against Virginia election officials. When pressed again, Trump called the company a threat and that without breaking Google up, things could be more fair. This is again, he threatened Mark Zuckerberg. He said Google has to be careful. It will shut down. He will shut it down. J.D. vance is making things up whole cloth, saying that there was a, that he has now said the election was stolen and that the tech companies colluded to do so without any proof. And also actually Twitter, the Twitter files show that it didn't do what all the right wing said it did. But he's, he's doubling down on just flat out lying. J.D. vance. So any. What should tech companies do? Because they, at one point they're, you know, all up in the grill of tech and at the same time, J.D. vance is like sleeping with all of them. I mean, not really, I don't think.

[Scott Galloway]

But anyway, yeah, like the whole thing, it's just so hilarious that a far right talking point is that they're being censored and that, you know, censorship. And Senator Vance's go to in terms of a weapon, mass distraction, when asked about January 6, is like, will you admit that the media has been censoring Donald Trump and censored Donald, you know, censored, censored information, suppressed information about what was on Hunter Biden's laptop in an attempt to go look over here. I don't want to actually answer this question, this censorship thing. The closest thing we have to really broad, sweeping censorship is when the person running for president has said, I'm going to shut down Google because I don't like what they've said about me.

[Kara Swisher]

They've been unfair to me. They've been very unfair. All the articles, like, all the articles, 40 of them are negative. I said, that's because you're a jerk.

[Scott Galloway]

But isn't that the definition of censorship, that I am using the power of my office to try and intimidate media companies? No one's calling that censorship. So we've just entered this weird phase where I have a view of his disruption and chaos. I want to burn government down. I am sick of a group of people consistently telling me lies. The establishment, whether it's Liz Cheney or the Democrats. I'm sick of the establishment. I see prosperity everywhere. I don't seem to be participating in it. I'm not going to marry this guy, he's not going to be my rabbi, but I like his no nonsense, hard charging. Right. They think he's better on economics, they think he's better on the border, whether you think that's true or not. And they're just. Now he's flooded the zone with so much crazy shit that people just are immune to it. It's a very. I've never seen anything like it. I don't know.

[Kara Swisher]

It's lie after lie. And now J.D. vance is the most heinous liar. He's a liar. He, to me, is the most frightening figure here because I think Trump is mentally disabled. And I think they're. I would watch my back if I were Trump if I won this election, I'll tell you that. Of course, the CEO who's not worried is Elon Musk. We're learning more about his donations he made to the pro Trump super PAC he created earlier this year. Although I heard it's like a hot mess over there as. As I'm hoping he'll do to Trump what he did to Twitter as revenues. He's given nearly $75 million to that super PAC, which is not very much for him since July, according to recent FEC's fines. But it matters a great deal. This money is important. He's also threatening to go to Pennsylvania and do his own things because he's a pathetic attention sponge. How much impact do you think this has? This is a lot of money for Trump.

[Scott Galloway]

Yeah, but to be fair, I mean, these people are allowed to get money and we have our big donors.

[Kara Swisher]

Right?

[Scott Galloway]

We have Reid Hoffman, we have Vinod.

[Kara Swisher]

Khosla, Bill Gates, Carol Sandberg. Yeah, no, I get it. Reed Hastings.

[Scott Galloway]

I don't think Cheryl's. I don't think Cheryl's giving that much.

[Kara Swisher]

Money, but I think she is secretly.

[Scott Galloway]

Is she? I'm surprised she doesn't have a picture with her in a big check. And anyways, we have our big donors, they have theirs, and Trump or Musk is one of them. You know, that's fine. I don't, I don't. I don't see that he's allowed to do it. We have our big donors, they have theirs.

[Kara Swisher]

You mentioned that last night, which I thought was the idea of someone asked about how do we get them to pass legislation, and Scott immediately was like, overturned Citizens United and get money out of politics and pay politicians more. Just illuminate us on that. Very quickly. The idea that you were saying, well.

[Scott Galloway]

Look, Citizens United, the idea that money is people and has a voice we don't believe that in other nations, there's government matching for elections such that good people who spent the majority of their life in public service, who don't happen to be rich, have a shot at running. They don't allow political ads before a certain time. I mean, keep in mind the UK has an election start to finish in about four weeks. And I actually think it's good for the nation because all we do for 18 months is figure out how much we hate our neighbors and how much they hate us. It's just bad for America. So if there was any way to overturn Citizens United, that would be the start. And then when I heard this about. Because I have a fairly positive view of Mayor Adams, I don't know much about him.

[Kara Swisher]

Oof. Seems so unctuous. But go ahead.

[Scott Galloway]

That's a shock. Or we disagree. Anyway. So he's indicted for. And I'm like, whoa. The Southern District. That is the call you do not want to get, is the Southern District says, we're coming for you, and it's over. Plane tickets and hotel stays sponsored by. From the government of Turkey in exchange for him expediting fire safety. Putting pressure on fire safety commissioners to approve the fire safety infrastructure at the. I think it was the Turkish embassy. And it's like, Jesus Christ. Such small ball. The problem is, that's something politicians do every day, but you're not supposed to do it from a foreign agent or foreign entity. That's where he's getting into trouble. And I thought this is all a function of the following. When our elected representatives are hanging out with billionaires and hanging out at the most beautiful venues. But they're having trouble. You know, it's not easy for them to pay their credit card bills. A lot of congresspeople actually have roommates because they can't afford a second place to live in D.C. and by the way, Nancy Pelosi can trade fucking stocks after confidential hearings with defense contractors. That makes no fucking sense.

[Kara Swisher]

Yeah, I agree. Pay them more.

[Scott Galloway]

I think we pay our congresspeople a million bucks a year, and we pay our senators two million bucks a year because these people are important. Most of them are very qualified, very esteemed, have a ton of opportunity costs, so pay them well.

[Kara Swisher]

I'm curious. I'm curious, Scott. What would you ask for for a bribe from Turkey? I would not ask for a plane ticket. What would you ask for?

[Scott Galloway]

I would ask for great seats to the European Championship in Istanbul with my son.

[Kara Swisher]

That's all it would take.

[Scott Galloway]

And then I'd want To go up the Bosphorus, I'd want a party with some hot Turkish chicks on the roof of the Soho House. Istanbul, which is the old American Embassy. I can come up with a lot. I can come up with a lot.

[Kara Swisher]

Yeah, I know. I felt like he didn't ask for enough. If he's going to go for bribery and get in trouble.

[Scott Galloway]

Look, Eric, whatever we talk, whatever VOX asks us to do, anything, we're like, oh, we'll do it, but it's going to cost you. We're whores, but we're expensive.

[Kara Swisher]

That's correct. I was like, eric, come on. You're such a cheap. Like if you're getting bribed, a plane ticket.

[Scott Galloway]

If you're going to sell out, get a jet, get a golf ticket, like.

[Kara Swisher]

Really in a hotel and go, New Jersey Senator.

[Scott Galloway]

What that? That? Get gold bars?

[Kara Swisher]

Yeah, that. Yeah. Anyway, they're cheap.

[Scott Galloway]

I love that they're cheap. The guy had gold bars in his closet.

[Kara Swisher]

I bet you have gold bars.

[Scott Galloway]

Oh, no, I'm innocent.

[Kara Swisher]

Gold bars here?

[Scott Galloway]

No, I don't have any gold bar, but I always, I always travel with a rough cut gem stuck up my ass. More for sensory pleasure.

[Kara Swisher]

I think you have gold. I'm going to look around for gold bars later.

[Scott Galloway]

Okay, no gold bars.

[Kara Swisher]

Scott, let's go on a quick break. We come back, we'll discuss Elon's robotaxi event where not everything was what it seemed. And take a listener mail question about facing financial challenges with a parent. Support for pivot comes from Greenlight. The school year is already underway and you've probably done all the back to school shopping you need to do this year, which means it's time to kick back, relax, and struggle to help your child with their algebra. Not me, but I'm terrible at algebra and I always was. But if you want them to do a little bit of learning outside the class classroom that can help later on in life, you might want to try Greenlight, which can help teach your kids about money. And that's not just adding and subtracting, but how to responsibly manage it too. Greenlight is a debit card and money app for families. Parents can keep an eye on kids spending and money habits. And kids learn how to save, invest and spend wisely. And with a Greenlight Infinity plan, you can get even more financial literacy resources and teens can check in thanks to family location sharing. I've used Greenlight and I thought it's really interesting way to teach my kids about money. I. I spent very little time talking to my older kids about money. But I'm doing that right now teaching about all kinds of things like how to open a bank account, how to figure out healthcare, all the kind of adulting things that need to happen. And I'm going to start with my younger kids much earlier. You can join the millions of parents and kids who use Greenlight to navigate life together. You can sign up for Greenlight today and get your first month free when you go to greenlight.com pivot that's greenlight.com pivot to try greenlight for free greenlight.com pivot support for pivot comes from Miro while most CEOs believe innovation is the lifeblood of the future, only a few feel that their teams excel at innovation. The problem is once teams move from discovery to ideation to product development, outdated process management tools, context switching, team alignment and constant updates massively slow the process. Now you can take a big step to solving these problems with the Innovation Workspace from Miro. Miro is a visual collaboration platform that can make sure your team members voices are heard. You can make use of a variety of helpful features that let your team share issues, express ideas and solve problems together. And you can save a ton of time summarizing everything by using their AI tools, which bring together key themes in just seconds. With Miro you can innovate faster and feel strong. Stronger as a team. Whether you work in innovation, product design, engineering, ux, agile or it, bring your teams to Miro's revolutionary Innovation Workspace and be faster. From idea to outcome. Go to miro.com to find out how. That's M I R O.com support for.

[Scott Galloway]

Pivot comes from Life360. When you have a family, the first thing you want to do is find a way to keep them safe. Safe Life 360 is a family connection and safety app that makes it incredibly easy to keep track of your family members. But it offers more than just safety. It also offers peace of mind because you never know what the day will bring. But now you can always stay in the loop. That means no more of those where are you texts or are you on the way we're going to be late texts. Now you can just check the app and find out right then and there. Life360 can help you keep track of where everyone is in real time to streamline family communication and coordination. And when it comes to safety, you can rest a little easier knowing that everyone in your life 360 circle has crash detection, roadside assistance and SOS with emergency dispatch. Plus get the details on their day to day with real time speed monitoring, 30 days location history and low battery alerts. Put peace of mind in the palm of your hand with Life360. Visit life360.com or download the app today and use Code Pivot to get one month of the gold package for free. That's life360.com code pivot.

[Kara Swisher]

Scott we're back with our second big story. We'll make quick work of it. Tesla shares fell 10% last week following Elon's big We Robot event where he revealed a cyber cab, a two door sedan with no steering wheel and pedals, costing 30k if it's ever made. Elon said the car would be in production before 2027, but acknowledged I tend to be a little optimistic. Yes, he's been predicting cyber taxis since a decade ago, I guess full self driving, et cetera. He also including to me in many interviews. He also unveiled another vehicle, the Robo van, which he called the Rebo Van for some reason. Let's let him explain what happens if.

[Scott Galloway]

You need a vehicle that is bigger than a Model Y the Reboven. The Reboven is this is we're going.

[Kara Swisher]

To make this and it's going to look like that.

[Scott Galloway]

Now can you imagine going down the.

[Kara Swisher]

Streets and you see this coming towards you? That'd be sick. Actually, the Rabovan looked like a lot of stuff in iRobot and the director complained, looked exactly like it. Also had said he had 20 seats. It had 14. It was ridiculous. It looked like a giant toaster on wheels. He's never going to make it. Elon was pushing Tesla. I will bet a lot of money on that. Elon was also pushing Tesla's Optimus robots, which he predicted could be the biggest product ever of any kind. But he neglected to mention that robots at the event were actually remotely controlled by humans. So not much better than Disney robots. Not at all better than Disney robots nearby where this event was at Warner Studios in Los Angeles. It wasn't a game changer. Obviously. One of the things he forgot to leave out is Waymo has been operating in the streets of many, many cities for a long time. Shares of Uber went up. And by the way, Uber might buy Expedia, which Dara Khosrowshahi used to run. But that's an aside. And if, even if Tesla actually delivers on technology, will you actually be able to buy these things? What's the business? I think. And then meanwhile, let me just say in a compliment, and I Think this is Gwen Shotwell. That's who I'm going to compliment. They managed to bring a rocket down, a big giant booster down and catch it with two chopsticks, essentially. Amazing. And meanwhile he does this P.T. barnum bullshit. Talk about what's happening here. It's such a. I mean, it's so bipolar in terms, terms of behavior.

[Scott Galloway]

Yeah. But I'm glad you brought that up because in the same week, let's be honest, that was just remarkable that it could launch its starship vehicle, the largest rocket, the largest booster rocket ever, and then caught its super heavy booster rocket back on the launch pad. Literally caught it with, as you said, these giant chops. I mean, that's just amazing. Unbelievable.

[Kara Swisher]

Yep, Gwen Shotwell. Good job.

[Scott Galloway]

It is clear he has basically no longer really cares about Tesla because. Did you listen to him speaking? He clearly hadn't rehearsed.

[Kara Swisher]

No, not at all.

[Scott Galloway]

He didn't know what he was talking about. And it reminded me of the following. I once heard I wasn't invited, but I met this really nice woman who was marrying this famous kind of celebrity chef. They rented out this incredible destination, the hotels, the flowers, everyone shows up. 300 guests and the groom was a no show.

[Kara Swisher]

What?

[Scott Galloway]

And oh, I so much want to.

[Kara Swisher]

Go to a wedding like that.

[Scott Galloway]

Oh, God. I think it sounded pretty depressing anyways, but, you know, we're all here, we've rented the place, we got a hold, we got to have a party. So they ended up having a party. This, to me was. They rented this whole thing. They've been telling their analysts they were going to have a day and update them and they had literally nothing to say. They did have the vehicle there, the Cyber Taxi. It looked cool. Or a robo taxi. The design looked great. But he gave no specifics around details around technology, around timeline. He even said what was most telling. He said, we expect this to be in full production by 2025. And then there was a pause and he goes, maybe 2026.

[Kara Swisher]

Making it up. Yeah.

[Scott Galloway]

Every auto analyst worth their salt said this was such bullshit. And I think they knew they had a turd on their hands. So they said, I know, we'll create weapons of mass distraction. They basically had a concept car this Reboven. If you go to any auto show.

[Kara Swisher]

They'Re never going to make it. And it's a lift from. It was on a fake soundstage and it's a fake thing. It's fake.

[Scott Galloway]

Look over here. Because the main event is such a turd, we have to distract people. If you Go to an auto show, there's crazy cool concept cars everywhere that will never see the light of day. And that's the Reboven. And. And then he said, I know, let's have robots, which is a technology in search of. And then these quote unquote autonomous robots that can watch your kids and make you dinner. And it ends up there were people in the audience with remote controls controlling the robots. The biggest tell here was he didn't even know his lines. He hadn't read his lines.

[Kara Swisher]

No, he could give a talk.

[Scott Galloway]

What was really interesting is the market. And again, the thing I love about stock prices is they're an incredible form of media in the sense that they absorb millions of points of life from people who have, have nothing but a profit motive. Usually. Usually. And if you look at what happened, everyone was really freaked out that this might be the end of Uber and Lyft. If all of a sudden there's a million autonomous cars on the road competing with ride hailing companies. Uber and Lyft. As soon as that event happened the next day, every analyst went, oh God. Nothing to worry about here. This is not a threat to Uber and Lyft. And their stocks are up 11 and 10% respectively. So the market has weighed in here and said this is a big head fake. And again, Tesla at eight or nine times revenues versus Toyota that is now growing as fast. Amazing company has guessed right on hybrids or planned right is trading at I think 0.8 or 0.9 times revenue. So either Toyota is vastly undervalued or Tesla is vastly overvalued. But this was the worst product launch in the same week we had one of the most amazing product delaunches or launch captures and the worst product launch all from the same man. I thought it was fascinating.

[Kara Swisher]

It was fascinating. I'm literally. Because he's spending all his time either jumping on stages and doing political stuff or he doesn't care about Tesla and everything they introduced is already in the field by other companies. And he would have to really focus here. I don't think he could do it. Although he's been lying about autonomous fully autonomous college for years and years. And just. I like that he even lies. I don't even care. He's sort of like, it's a hope and a dream. I do that sometimes. Like, I'm gonna do this. I don't mind that. But he's constantly now saying things that just happen.

[Scott Galloway]

I'm gonna have two kids at 16.

[Kara Swisher]

That's right. That's correct. I did Say that to myself. And then it happened, so I don't even mind that.

[Scott Galloway]

Like, I love how you just figured out that you're gonna be really old.

[Kara Swisher]

When they go to college.

[Scott Galloway]

When they go to college. It's like, did you. You assumed you were gonna go into a cryogenic.

[Kara Swisher]

Well, I'm like Elon in that way. Hope in a dream, Scott. Hope and a dream. Well, I'll be living at this beautiful apartment that you're now going to sign over to me. Anyway, it's all one floor. It means I don't fall too hard and break my hip. All right, let's. Whatever. Good job on the rocket. Gwyn Shotwell.

[Scott Galloway]

Oh, my God, she's amazing. She's amazing.

[Kara Swisher]

Gwyn Shotwell. We need to focus on Gwyn Shotwell all the time, and it'll drive him crazy. He'll end up firing her because she's a really great operator. And he. Over at Tesla, I think he, like, hired his chief of staff, who helped him with that weird glass thing. Like, everybody left Tesla recently and now he's putting all these lackeys into place. Anyway, you're right. He doesn't care about Tesla anymore.

[Scott Galloway]

I just imagine him walking around going, hey, you want to have kids? Hey. Hey, want to propagate?

[Kara Swisher]

Okay, Scott, let's pivot to a listener question. This question comes via email. I'll read it. Hi, Kara and Scott, big fan of the podcast and would love your insights on a financial challenge with a parent. How do you approach financial planning with a parent who is increasingly keen on betting against the US economy? Influenced by questionable sources and conspiracy theories? Basically anything but mainstream media. My mom is particularly bullish on gold, convinced that the US dollar is on the verge of collapse. I strive to listen and offer data driven advice, but I'm concerned that if I challenge her beliefs too directly, we'll push her further towards those ideas. How can I communicate that the US economy isn't on the brink of implos without alienating her? Thank you, Nikki from Texas. Oh, man. Scott. Oh, I don't know. Get control of her stuff, I guess. Nikki. Scott, you answered.

[Scott Galloway]

Have her committed.

[Kara Swisher]

Have her committed. Like, my mom spends way too much money. But it's her money. I don't really care what she does with her money.

[Scott Galloway]

I think you gotta reframe the argument. And that is rather arguing against her foreign asset class, because quite frankly, she might be right and you might be wrong. Each of you has a 5050 likelihood that gold is a good or a bad investment or the US economy is gonna Go up or down from here. It's the wrong argument. The ARG argument is a following. It's mom, we have some money, you have some money. Nobody knows. The brightest people in the world don't know. What they do know is that we shouldn't put too many of our eggs in one basket. Mom, if you feel you have insight here or you get some reward from picking this stuff, then okay, we're going to take 10, maybe 15% of your assets and you're going to buy gold. But we're going to put the rest in diversified index funds. Because here's the thing, mom, you don't have the time to make it back. And it doesn't matter how smart you are. Warren Buffett lost 50, 60% of his net worth during the great financial recession. You can be a genius. The market will always trump individual behavior. So if you want to have some fun, you're really into gold, fine. But the majority of your assets, because we love you and we want to make sure that you are always economically fine and that you don't have the emotional stress of financial stress at this age. We're putting the rest in diversified index funds. Can we agree on this, Mom? You want to put some money in gold, fine. But the majority of it needs to be in diversified low cost index funds. Don't argue over asset classes. She knows no less or more than you. What you know is that she needs to be diversified and ensure she doesn't have the stress of financial stress at this point in our lives.

[Kara Swisher]

Listen, Nikki, I would do the opposite. I would make a fake gold bar and hand it to her and try to get control of herself.

[Scott Galloway]

It's called parental abuse.

[Kara Swisher]

That's correct. Because you're protecting her, I think. Is she old? I don't know. If she's not old. I don't know. I'm always like with my mom and her money, you know, if it's your money, spend it down to zero and then you'll be at our behest at some point. But I don't. I think you can't protect people from the things they want to do. What you can protect them from is schemes and things like that. That's something that's important. Don't let her buy trump gold coins or sneaker gold sneakers, whatever she happens to like gold. Be careful of scams and keep her out of those. Let her buy a gold, whatever gold.

[Scott Galloway]

Future or whatever individual assets at that age are a scam.

[Kara Swisher]

Yeah, I agree, but I'm just saying just buy a little Bit of a gold. What is it? Gold future. What do you buy? You don't actually buy gold, right?

[Scott Galloway]

Give her some Krugerrands. Old people like Krugerrands. Now I'm being ageist.

[Kara Swisher]

Give her some in your. Put them in your. Put them in a safe so people don't come and steal them from her. As she gets older, have her stay.

[Scott Galloway]

At Trump Plaza and there's going to be gold everywhere.

[Kara Swisher]

Gold everywhere. I don't know. It's very difficult. My policy with my mom is just. She wants to spend her money, let her do whatever she wants, as long as she is fooled by something.

[Scott Galloway]

What does Lechi spend her money on other than poochie dresses? She looks fabulous.

[Kara Swisher]

She does look good.

[Scott Galloway]

What does she spend her money on?

[Kara Swisher]

Oh, silly things. Trying to buy things. Buy stuff for, like, the children, my kids, and that's fine. A lot of that. A lot of stuff. We don't. We get a package from Ralph Lauren every five minutes, most of which we take back and we even.

[Scott Galloway]

Her daughter's a podcast baller. Her son owns a coal company and the other son is a head of anesthesiology. She should be spending all your money.

[Kara Swisher]

No, I know that. I get it.

[Scott Galloway]

Lucky, Lucky, go to Vegas, get a cocaine habit. Lucky your kids are rich.

[Kara Swisher]

She used to buy clothes. It used to be clothes and rental properties and she's, you know, whatever she likes to. She has a shopping problem, I would say, but she likes it. It makes her happy. I don't know what to say. It's her money. She should do whatever she wants with it as long as she doesn't get scammed out of it, which really. There was an incident where she gave someone her numbers on the phone. Very typical. And they were trying to get into her bank account. My brother handled it. That kind of stuff. I just. As she gets older, Nikki, watch for scam scams. It really is something sad that happens to not just elderly people, but they're much in the focus of those people. Anyway, while we're on listener mail, we want to start having you, the audience, be more part of the show. To start, we have a question for you. How often are you personally using AI just like Scott Galloway now? To answer, go visit us on threads at Pivot Podcast official and submit your answer and let us know what else you want to know about Club Pivot, also known as your fellow listeners that we're calling them Club Pivot. Pivot. Flub Pivot. I like it.

[Scott Galloway]

Flub Pivot.

[Kara Swisher]

Do you like that? I don't know. It seems kind of cool.

[Scott Galloway]

Yeah, anyone can get in cheap drinks and anyone can get in. The people are not that attractive. But it's free.

[Kara Swisher]

It's free. Yeah. Anyway, give us your answers. We'd love to know how you personally use it. We talk about how we use it, especially Scott, who uses it much more than I do. But please let us know. And we'd love to hear from you. If you've got a question of your own you'd like answered, send it our way. Go to nymag.com pivot to submit a question for the show or call 855-51-PIVOT. All right, Scott, one more quick break. We'll be back for predictions. Support for Pivot comes from ATT. What does it feel like to get a new iPhone 16 Pro with at and T? Next up Anytime. It's like when you first pick up those tongs and now you're the one running the grill. It's indescribable, like something you've never felt before. All the mouthwatering anticipation of new possibilities, whether it's making a perfect, perfect cheeseburger or treating your family to a grilled baked potato, which you know will forever change the way they look at potatoes. With AT and T Next Up Anytime you can feel this way again and again. Learn how to get a new iPhone 16 Pro with Apple Intelligence on AT&T and the latest iPhone every year with AT and T. Next up anytime ATT connecting changes everything. Apple Intelligence coming fall 2024 with Siri and device language set to US English. Some features and languages will be coming over the next year. $0 offer may not be available on future iPhones. Next up Anytime feature may be discontinued at any time, subject to change. Additional fees. Terms and restrictions apply. See att.com iPhone for details.

[Scott Galloway]

Support for the show comes from HubSpot. Pictures this you're at a party and someone asks you what you do as a marketer. How do you even begin to describe it? You have to generate leads, score them, contact them, create content, gather data, and tomorrow do it all again. And wonder if it's even working. Marketers are spread way too thin. But HubSpot has a better way. With the help of Breeze and tools including Content Remix. Now you can turn up one piece of content into a suite of assets. Pinpoint the best prospects with predictive lead scoring and level up your campaign's KPIs with a new analytics analytics suite so your day to day becomes less busy work and more driving revenue through the roof. And most importantly, you'll Have a way easier time describing what you do at parties. Visit HubSpot.com marketers to learn more.

[Kara Swisher]

Support for Pivot comes from Ether. Some people might tell you that cold weather means it's time for hibernation. But for others, it's a time for a adventure. And when you're looking for clothing that fits any adventure, look no further than Ether Apparel. With insulated jackets, fleece sweatshirts, water resistant pants, and so much more. Their purpose built, highly technical outerwear offers colors, fits, function and unsurpassed versatility. It's all about tech and function you need without sacrificing the look. Ether sent me a few items. I'm very excited to wear them. It's still warm here in Washington, but I got a down scarf and also a down poncho, which I think I will look very fetching. And I have to tell you, they are really good looking and the design is nice. I like to go skiing so you can see me down the slopes wearing my down scarf and insulated poncho. I will look really good on the slopes anyway. Since 2009, Aether has celebrated the restless spirits, the adventurers, wanderers and explorers who know every moment is a chance to create unforgettable memories. That's why Ether Apparel is engineered to withstand the most rugged terrains and endure the test of time. Get ready for your next adventure with Ether Apparel. And for a limited time, my listeners can get 25% off orders over $400. Just go to etherapparel.com and use the promo code Pivot25 at checkout. That's a E T H E R apparel.com and use the promo code pivot25 for 25% off orders over $400 dot. Don't wait. That's Ether Apparel. Okay, Scott, we're going to hear a prediction, but I'm going to make a very short one. Italy just passed an anti surrogacy law and it's very much aimed at gay men having children, taking away parental abilities for gay people, not women. Many of them have uteruses but and can't be stopped from having children. Although maybe that's also in the offing there. This is coming to this country, this kind of attitude towards, you know, everyone's like, oh, don't panic. When we all said Roe v. Wade was going to get overturned, everyone's like, you're over, you know, you're being dramatic. Nobody was dramatic dramatically saying this. I listened to what the evangelicals say and the right and they are very much against gay Marriage, gay parenting, what happened in Italy, which is heinous. And Georgia, go fuck yourself, you terrible, heinous. True. I think that this is going to be coming here, these ideas of pushing back on gay marriage, gay having kids. And I have, you know, the fact that J.D. mance hasn't said anything about this since he's pro family and again, I have one more child than he does. This is really dangerous, I think what's happening in Italy and I hope it doesn't happen here, but I listen to what the right says and they have it out for gay marriage and gay parenting. So there you have it.

[Scott Galloway]

If you really cared about families, you'd put and wanted more kids, you'd put more money in the pockets of young people. 60% of able bodied Americans age 30 to 34 used to have at least one child. Now it's 27%. And I don't think it's because they've turned off the kids. I think it's because they don't have the money.

[Kara Swisher]

And also just like gay people have kids, they're great parents, so.

[Scott Galloway]

Well, okay, I'm going to be honest, I don't think they're any better or any worse than straight parents, but. And the majority of them are going to be good loving parents, as are the majority of hetero, heteronormative couples. Okay, Okay.

[Kara Swisher]

I don't in any case let them have kids. They want to have kids. It's wonderful to build a family.

[Scott Galloway]

I don't think they have any less or any more right to have kids than I do, so.

[Kara Swisher]

Well, we never had rights before and now they're taking them away.

[Scott Galloway]

The godparent of my son is a gay man, by the way. Shitty, shitty godfather. But he loves my best friend, so anyways, Tim Bruns, he's very handsome.

[Kara Swisher]

Okay.

[Scott Galloway]

And he loves my best friend, so that's enough. But he's a shitty godparent.

[Kara Swisher]

Okay.

[Scott Galloway]

Anyways. Oh God, I'm going to get shit for that anyways. But yeah, look, I would like someone asked me magic wand, what law would you pass? I would love a law that basically said a constitutional amendment that said anything that gets in the way of love is illegal.

[Kara Swisher]

Yes.

[Scott Galloway]

If any law that makes it such that someone can't be in visiting hours when someone is dying. No, we don't have that. Anything that says it's going to make it harder, much harder for a single mom to spend time with her kids. We don't want to pass that family. We need to think about family court and how we Set up men for success with their children post divorce. I think we should all reverse engineer or think about every piece of legislation having a certain guardrail and that is, does it get in the way of the whole shooting match. And that is deep and meaningful relationships and people having the ability to care for and love other people. And this is just exactly that. We need kids. And if they're going to be in a loving household, that's it. There's nothing you can't get in the way of this. And there's no evidence whatsoever that these kids are any less or any more loved than kids brought into any other household. So let me get this. You're going to let a single parent have IVF or have her own kid or have his own kid, and by the way, I'm in favor of that. But you're not going to let a dual income household have kids. Makes no fucking sense.

[Kara Swisher]

Yep, yep, yep, yep. Let me be clear about by the way, on this, on this bill, it already extends a practice inside the country to also include those who seek it out in places where it is legal, such as the US Or Canada. So they can't travel or they have. There's prison. Two years in prison and fines. And again, Georgia Maloney can go fuck herself.

[Scott Galloway]

I am so upset about next summer. I'm only spending six nights, not seven, in Capri. Have you been to Capri?

[Kara Swisher]

Oh, Capri.

[Scott Galloway]

Oh, my God.

[Kara Swisher]

Nonetheless. And by the way, my family's Italian, so I'm just saying it's a monster. Monstrous law. It's a monstrous law.

[Scott Galloway]

Oh, great place to vacation. Those people get it. Milan's an amazing city right now. Venice. Oh, gosh, I just love Puglia. The Amalfi.

[Kara Swisher]

Yeah, yeah. She's a Christian mother. She describes her as a Christian mother who believes children should only be raised by a man and a woman. Divorced lady, sit the fuck down. Thank you. All right. So sorry, go ahead. What's your prediction, Scott?

[Scott Galloway]

Well, it just goes back to what we were saying. Donald Media.

[Kara Swisher]

The stock, it's, it's down today by 6%.

[Scott Galloway]

Well, there you go. Why think about this. Why is it down 6%? The market?

[Kara Swisher]

Because these adults.

[Scott Galloway]

No, the verdict is in. She did well on Fox last night. I find this thing fascinating. Anyways, my prediction is the following in the next. By November 7th or 10th, let's assume this election is going to be challenged by everybody. So say by November 10th, between now and November 10th, Donald Trump media, which I think is around 30 bucks, will be below. We'll either be below 10 or above 80. This thing has become literally the tail of the whip on the prospects of Donald Trump recapturing the White House. The most volatile stock over the next few weeks is going to be Donald Trump media, which attempts to absorb a million points of light and guess as to whether he's going to be in the White House. This is going to this thing 30 now it's going to be below 10 or above 80 within three weeks.

[Kara Swisher]

All right, so just for people to understand the range, his 52 week range is 1175-7938. It was way, way, way, way up in when Biden was after the debate.

[Scott Galloway]

It almost hit 100 at one point.

[Kara Swisher]

Yeah, I don't know if it got quite there. I'm trying to look. The range doesn't seem to say that. 79, 38 for 52 weeks. But it was down when she was doing really well at the debate in September, down to 12. It's now at 2029, but it's dipped 5%. Actually, it's down 5% in the last six months. Down. It's down for the year to. No, it's up year to date, but it's down. It's up six months. It's down 20% in the last three months.

[Scott Galloway]

Just for people to understand, it hit 98 in March of 2022.

[Kara Swisher]

Five days it's up 22%. But today it's down 10, 6, 7. So if she goes on Rogan and does well, it's going down further.

[Scott Galloway]

Oh, yeah, yeah. You could be watching Rogan and if you get the sense she's doing well, It'll close down 10% the next day. I find it just super interesting to watch. It's literally, in my opinion, it's a more robust poll than Quinnipack or any of these other guys.

[Kara Swisher]

All right, well, that's that. Okay, Scott, that's the show. We'll be back on Tuesday with more Pivot. I would love you to read us out.

[Scott Galloway]

Today's show was produced by Lara Naiman, Zoe Marcus and Taylor Tyler Griffin. Ernie Andre Todd engineered this episode. Thanks also to Drew Burroughs, Ms. Saverio and Dan Shalon. Nishak Kurwa is Vox Media's executive producer of audio. Make sure you subscribe to the show wherever you listen to podcasts. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the [e-mail] pod we'll be back next week for another breakdown of all things tech and business care. Have a great weekend.

[Kara Swisher]

Support for the show comes from AT and T. What does it feel like to get the new iPhone 16 Pro with AT and T Next Up Anytime? It's like when you first light up the grill and think of all the mouthwatering possibilities. Learn how to get the new iPhone 16 Pro with Apple Intelligence on AT and T and the latest iPhone every year with AT and t next anytime. ATTConnecting changes everything. Apple Intelligence coming fall 2024 with Siri and device language set to US English. Some features and languages will be coming over the next year. $0 offer may not be available on future iPhones. Next Up Anytime feature may be discontinued at any time, subject to change. Additional fees, terms and Restrictions apply. See att.com iPhone for details. Food insecurity still affects millions of individuals around the globe, and Nestle, a global leader in nutrition, health and wellness, understands the importance of working together to create lasting change. Nestle's partnerships extend beyond just financial support. From building urban hoop houses to producing custom seasoning for food banks, Nestle and their partners actively engage with local communities, listening to their needs and working together to find innovative solutions. Nestle is committed to helping support thriving, resilient communities today and for generations to come. Together, we can help to build stronger, healthier communities. Learn [e-mail].