
Real Time with Bill Maher, News, Jokes, Politics, Overtime
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Bill Maher
This Friday, see what critics are calling a cold blooded masterpiece. Hello, city. Your back. Dead is just a word. Did you think our story was over? Discover the secret. It's brought us here for a reason. Behind the mask. What do you think happens when you die? It's time to find out. I'm not afraid of you. You should be. Black Phone 2 only in theaters Friday. Rated R under 17. Now admit it with that parent tonight, turn down the noise of the day and focus on the rest with agz, the nightly drink for winding down and resting up. New from AG1. AGZ supports your body's natural sleep cycle with clinically studied key herbs, adaptogens and minerals in amounts supported by research.
Andrew Ross Sorkin
And no melatonin.
Bill Maher
Helping you wake feeling rested, wind down.
Andrew Ross Sorkin
Rest up with Agz.
Bill Maher
Learn more at drinkagz.com welcome to an HBO podcast from the HBO late night.
Andrew Ross Sorkin
Series Real Time with Bill Ma.
Bill Maher
How you doing? Hello, people. Thank you very much. Thank you, everyone. I appreciate it. Welcome to the show. Oh, hi.
Arnold Schwarzenegger
Thank you.
Bill Maher
Okay, so much. To get to let's good news and bad news for the Jews. A peace deal in Gaza. We have that. And the hostages are home. That is the good news. The bad news is Bobby Kennedy says circumcision causes autism. So I, it's a kind of a mixed bag for the Jews today. But yes, how about that, A final piece over there. Ah. After two years of Palestinians are returning to Palestine, the hostagers coming back to Israel and everyone's blown away that Trump pulled it off. I don't know why. I mean, if there's one thing he's good at, it's sending people back where they came from. But I mean, look, we're going to talk about it on the show. I mean, I think you got to give credit where credit is due. I mean, a lot of people tried to pull this off. He did. He is beloved in Israel more than any other president ever for a good reason. He also won over the Arabs. He's the only thing besides hummus they both like. So that's his big thing, the solving wars, you know, he says he solved many of them around the world. He has gotten involved, it's true. And he's meeting with Putin in Hungary in a couple of weeks. He met today with Zelensky at the White House. Zelensky is asking for Tomahawk missiles to fire at Russia. And Trump said, we'd love to, but we might need them for Chicago. Oh, yeah, he's, he's a little more popular overseas than he is here. There's a big rally tomorrow. Are you going to go? No. Kings Day. Oh, you are. This is all the people who are upset about the obviously anti Democratic things he's doing here, and they are getting out in the streets are saying, we are not going to take this lying down. Milling around. Yes, we'll do it. Milling around. But I was going to go, but I went into the attic to find my pussy hat and then the moths have gotten to it. So I just. No, the Republicans are saying this is not. No Kings Day. They said this is Hate America Day. Yeah, Liberals hate America. That's what they think. Yeah. If you won't stop assembling freely and speaking freely, we're gonna send our masked, unaccountable secret police to arrest you, as America should. No, but no. I mean, Trump does not like this being called a king. He said, I am not a king. And the next person who calls me one, they're going to find their ass in the dungeon. Let me tell you, he denied it. He said, I am not a king. I have no intention of becoming a king. But if some country wants to donate a gold crown, I'm not gonna say no. King.
Arnold Schwarzenegger
No.
Bill Maher
Why would you think king. The enemies list, you know, enemies list. I remember when Nixon, you know, they accused Nixon of having an enemies list and he denied it. Trump reads it out loud. I'm not. He just reads it out loud. That's a little bit of a difference. The latest one, I mean, Comey's indicted. Letitia James, indicted. Now John Bolton, his former national security advisor, wrote a book about him. Not a good idea. He's indicted. Trump is going after everyone that ever pissed him off. He's like an authoritarian Taylor Swift. It's amazing. But, hey, here's an interesting story. They say, are there any young Republicans here? Yeah. Wow. To be a young Republican. Well, it's a. It's a group. I didn't know it was an official group. And boy, are they in hot water. They were on a group chat saying the most vile things. I mean, racist, sexist, anti Semitic, awful things. And now Democrats want these people fired. Republicans even are issuing apologies. And Stephen Miller said, they grow up so fast. This is where we are in America. Caroline Levitt, she's the president's press spokesman. This is a very official position. This is a quote from her. He said, Democrats main constituency are Hamas terrorists, illegal aliens and violent criminals. Okay. But we do make a killer mocha frappuccino. It's not all bad. All right, we got a great show. Mark Cuban and Andrew Ross Sorkin are here. But first up. Oh, I've waited for this moment for so many years. A man who conquered both politics and show business superstardom, not to mention bodybuilding. He's the author of the number one bestselling book, Be Useful. Arnold Schwarzenegger is finally here. Arnold. Esther. How are you? All right. Look at that. Thank you. Great to be in California. Yes. I thought you'd be bigger. No, I mean, you're larger than life, but you were, like, almost the same height.
Arnold Schwarzenegger
I thought that you would have better abs, but, I mean, I don't know. I don't know what happened. I mean, it's like, really falling short today.
Bill Maher
All right. Don't know how you'd know that, but. All right.
Arnold Schwarzenegger
But your opening monologue was fantastic.
Bill Maher
Oh, thank you.
Arnold Schwarzenegger
So funny. Let's give him a big hand for that.
Bill Maher
Thank you. That was very, very funny. Okay. I'm here every week, you know, but I know you're here to talk about a serious subject, and it's an interesting subject, which there are two sides to. I think I'm on the other side of it than you. But just basically what's going on in this country is to give the broader picture. Trump does everything 10 times more than other people have done. Everybody always gerrymandered. He's taken it to a completely new level. He's getting legislatures now to redraw districts. This is where the politicians pick the voters when really the people should be picking the politicians. You reformed this in California and said we don't want that, which is the right thing to do in. In sort of just the, you know, macro. But things have changed. Would you not say, if the Republicans are doing it, how can the Democrats unilaterally disarm? He's just. He wants Indiana now to be a state that's going to have zero Democrat representatives. If Texas is doing it Now, California's Prop 50, Gavin Newsom, wants us to undo what you did, made it fair, and go back to this, because we can't unilaterally disarm. What is your argument now, given the new information?
Arnold Schwarzenegger
Well, I think that Prop 50 is a big scam. And the reason why I'm saying that is because it says that we should fight Trump and because he's a threat to democracy. But in the meantime, they want to go and tear up the Constitution in California, get rid of the independent commission that draws the district lines and take the power away from the people and give it back to the politicians. So how does this go? Fighting democracy or helping Democracy or fighting Trump and imitating what Texas is doing? I mean, it doesn't make any sense to me, the whole thing.
Bill Maher
Well, it makes sense in that we have. The Democrats have no power now. The only power they can have is if they win the midterm elections and take back the House. If only the Republicans get to gerrymander, the Democrats will never take back the House.
Arnold Schwarzenegger
No, no. Gerrymandering is going on. That's been going on for 200 years.
Bill Maher
Not on this level, but this.
Arnold Schwarzenegger
Look, there are states out there that have 40% of Republicans and only have, like, 20% representation in Congress. There's the opposite, also true. So there's gerrymandering going on all over. What we wanted to do in California is we wanted to be leaders and we wanted to show to America as California has always been, a leader goes in California, then goes nationwide. So we finally, after a long kind of a battle, we passed legislation. Not only legislation, but, I mean, the people actually voted for an independent commission.
Bill Maher
Yes.
Arnold Schwarzenegger
And now we have had this independent commission. And the politicians in California have performed much better because of this kind of, you know, kind of a fair drawing of, you know, of districts, so to speak. And so I think that to undo all of that and to take away the power. See, this is a trick that you have to understand. The Democrats are fighting the Republicans. The Republicans are fighting the Democrats. But you know something? One of them is going to win.
Bill Maher
Yes, it's going to be the Republicans. Because they didn't. No, no, no. But they didn't follow your example into the halls of nobleness.
Arnold Schwarzenegger
But you know who I want to win? The people. The people have to win.
Bill Maher
This is what this is about.
Arnold Schwarzenegger
See, I'm a Republican, but I'm not a Republican hack. I'm not a political hack. I don't serve the party. I always serve the people. The people are first. We cannot undo something and rip away the power that the people in California have and give it back to the politicians. We fought that for too long. Let's not do that. Let us be a good example. Let the Democrats outperform the Republicans and therefore, because of their performance, win and get the House back. I mean, this is the way I think it ought to be.
Bill Maher
Okay. I don't think that's very realistic, but I read your speech at the 2004 convention. I remember it very well, where you talked about why I'm a Republican. I was very moved by it at the time. I thought it was a great speech. I'm sure you remember it well. You talked about growing up at a time when Vienna was actually occupied, right?
Arnold Schwarzenegger
That's right. Austria was still occupied with the Russians.
Bill Maher
Right. So you saw socialism firsthand. And that's why when you came to America, you didn't know what parties were. You didn't know which. And you heard the Democrats speak, and then you heard, I think, Nixon talk and you heard the ideas of the Republican Party and you said, I'm a Republican. I hear that. That's what I get, that you think that's still the party. You think that still applies to the Republican Party. What made you want to be a Republican? Where they are today?
Arnold Schwarzenegger
Bill, things change. It's very clear that it has changed. I'm a traditional Republican. I'm the kind of a Republican, like Lincoln, who made sure that slavery stops. He made sure that the blacks got the right to vote. He made sure the Republican Party then made sure that the blacks become citizens of the United States and get the citizenship, all of those kind of things. Republicans did that. Look what has happened over the years, how things have changed. And this is how we are going through changes, but it doesn't mean we have to give up. I am still a traditional Republican because remember, it was Nixon that created the EPA in Washington to make sure that we have clean air and clean water. Republican Ronald Reagan here created the Air Resources Board that enabled us to reduce our greenhouse gases by 25% and to have the million solar roofs and to get our renewables up to 70%. And all of this kind of stuff is because of the Air Resources Board that Ronald Reagan created. So there were great Republicans. The party has changed now. This is clear. But it doesn't mean that we have to change. We have to fight to get the party back and to get the philosophy back, because.
Bill Maher
It'S all order. We have to.
Arnold Schwarzenegger
I think that people should know that it is important that we serve the people, not the parties. They make it their business to fight amongst each other. Look at this. The most popular things in America, for instance, universal background check. 90% of the people have a universal background check, but it's not getting done. I mean, think about that. Who's holding that 75%? Politicians. The politicians.
Bill Maher
Well, not the Democratic politicians.
Arnold Schwarzenegger
It doesn't matter. They have to get together and solve those problems. This is what negotiating is all about. I was a Republican and I was in Sacramento. I got together with the Democrats and I made it very clear. I maybe think differently than you sometimes, but you're not my enemy. I love working with you because with the Republican Brain. And with the Democratic brain, together, we have the ultimate brain power and we can really accomplish things.
Bill Maher
So that was the idea. But that's California. California isn't America. California is one of those states. Yes. Where a moderate Republican governor can do well, because it's a very blue state. You might say it's too blue because we have this somebody running for president, for governor now, Katie Porter. And we saw she had a lot of problems this week with her image. And she was asked a question about what would you do to get the Trump voters in this state? And I think it was very telling what her answer was, which was basically, why are you even asking that question? Why would I care about trying to get these deplorables on my side? I don't need them. Because this is. Yes. Wow. Cause I'm paraphrasing. But that was the attitude. Because she doesn't probably. Because this state is so blue. You're the last Republican. You're really the last Republican from California, the last guy who got elected in this state.
Arnold Schwarzenegger
Well, you know, let me tell you something. We're talking here about saving democracy. What I suggest that the way we save democracy nationwide is to really have a proposal, like, for instance, the Save Democracy Act. It's just an idea where we go and make Election Day a holiday so that everyone has time to go out and go to the election.
Mark Cuban
Again.
Bill Maher
This is something Democrats are all for and Republicans are all against.
Arnold Schwarzenegger
Here's the second point. Second point. You have to have fair redistricting, to have independent redistricting commission in each state all over the United States.
Bill Maher
Yeah.
Arnold Schwarzenegger
And step three, except they won't do it. And number three, you have a voter id. So then when you go and vote, people should know that you are that person.
Bill Maher
Yes.
Arnold Schwarzenegger
Those are all things that they have back in Europe. So I come from Europe. I'm giving you just ideas. Not that I created those ideas. Those are things that are happening in Europe and have happened for centuries. So this is why I think that it is important that we do the same thing here. I think if we take those three things, there's something that the Republicans like. There's something that the Democrats like, get together and solve this problem. It's the same. It's no different than talking about energy or anything like that where Democrats and Republicans can get together. You give something to the Republicans, you create more nuclear power. You give something to the Democrats, create more renewable power, and all of a sudden we have 80% of energy of clean energy in America. This is the way we have to do it, we have to go talk to each other. Rather than hating each other, talk to each other because that's what people want and that's what the people need.
Bill Maher
Okay, last question. I'll let you go. But I have to ask you, because you also conquered the world of show business in a big way. What do you think about what's going on in movies? I mean, I hear people just fretting so much about it because, oh, no one's going to the theater anymore, for example. You know, we can watch it in our house. You know what? Good. I like watching it in my house. I mean, they're trying to make me feel terrible about it. Like, oh, the experience of being in a theater and hearing somebody else laugh. I don't get a feeling if this guy's laughing. The guy in row 32B is. Loves it and stream it. I mean, what is your take on the movie industry right now as a big movie star?
Arnold Schwarzenegger
I think that the movie business is doing really well. I think that California is kind of out of the game because we don't have the incentives that other states have and that other countries have. But the bottom line is, I think there's some really good movies. Whenever a good movie comes out, like Avatar is going to come out again around Christmas time, I guarantee you they're going to make over a billion dollars again and everyone is going to go and run to the theater.
Bill Maher
Why?
Arnold Schwarzenegger
Because it's a good movie. Jim Cameron makes great movies.
Bill Maher
Yes.
Arnold Schwarzenegger
So if a movie is not that good, why would you be excited to go and pay for the parking, pay for your drink, pay for the popcorn, pay for the ticket, and then they sit in the theater and. And look at some shit. Right? I mean, we don't want to do that.
Bill Maher
We don't want to look at shit. Thank you so much for finally coming here. Arnold Schwarzenegger. I'm your biggest fan, you know. All right, Governor Schwarzenegger. Thank you. Let's meet our panel. Hi. Hey, guys. All right. He is co anchor on CNBC's Squawk Box and founder of the New York Times Dealbook, whose new book is 1929 Inside the Greatest Crash in Wall Street History and How It Shattered a Nation. We are going to get to it tonight. Andrew Orsorkin is here. And you all know this guy. He's a minority owner. Minority now. Oh, no. What happened? Nothing Mighty have fallen of the NBA's Dallas Mavericks and co founder of Cost Plus Drugs, Mark Cuban. Okay. All right, let's talk about the Middle east. First we are confronted here with a dilemma. I feel like there is President Trump, the overseas hero who does make good deals overseas. It looks like not just this place, but a couple other ones. And then domestically, the threatener of democracy. My first question is just, can we separate these two? Because they are two different things and some people do not want to. I'm a separator usually. Like, I can recognize that R. Kelly should not have had sex with little boys or little girls. But Ignition is still a great jam, you know, And I'll play it tonight if I feel like it. But what's your first answer on that? Can we separate them and just give them.
Andrew Ross Sorkin
You have two ideas in your head at the same time.
Bill Maher
Thank you. There you go.
Arnold Schwarzenegger
Absolutely.
Andrew Ross Sorkin
You can give this president a standing ovation for getting to this point and not give him the Nobel Peace Prize. Right. I think you can look at this and say, this is a very good situation. It's something that has not happened for the last two years. We've been waiting for this moment, and then we're going to have to see, but why?
Bill Maher
It's the Nobel Peace Prize, not the Nobel Democracy Prize.
Andrew Ross Sorkin
Well, and the question is, are we? Do we have real peace? And I think the jury is going to be out on that. We'll see where we see where we get. But give him credit. You can give. You cannot like this president at all.
Mark Cuban
No one's going to be good at everything. Right. And if he's good at getting deals done overseas, give him credit for it. If he's not so good domestically, give him shit for it. Yeah.
Bill Maher
From my memory and history, the only thing that compares to this is when Reagan solved the Cold War, ended the Cold War, which I always said was. You know, Reagan did play his part in ending the Cold War, but I think the Soviet Union was going to collapse anyway of its own weight. Right. This, I'm not so sure isn't an actually greater achievement if it lasts and if we have. But it looks like they're transforming the whole Middle east, so I'm not going to hide my. Yes, we certainly have had our differences. And even after the dinner, he's still bitching at me. So for those people who thought it's okay to give credit, it's okay. It's okay. And I am not going to hide my admiration for somebody who did this differently than anybody else did and said without apology, I'm with Israel. You know what? There's only one country in this whole equation, and this is where America, I think, fell down in the Past we tried to be even, Steve, and it wasn't. There's only one country that's a democracy. There's only one country that prizes life over the sort of cult of death. There's only one country where you'd actually want to live, quite frankly, if you were living in the Middle East. So let's throw our lot in with them. A country that actually shares our values. Firstly, about women.
Mark Cuban
You start with the Abraham Accord, right? Slowly but surely, they developed the relationships, worked together with each other countries, sent Jared over to get the job done, and they deserve credit. Why not give credit where credit is due? I mean, if this thing holds, you know, I don't know if he deserves.
Andrew Ross Sorkin
The Nobel Peace Prize, but then that becomes the question. People will say, should he get the Nobel Peace Prize if it actually works? And that. And that, given what you just said about the domestic peace, if you will, that's still going to be in question. But I agree 100%.
Mark Cuban
You know, I actually looked at who votes on the Nobel Peace Prize, and it's a bunch of academics. It's not the type of people.
Bill Maher
It's bullshit. Like the Emmys.
Mark Cuban
Well, but still, it's a bunch.
Bill Maher
It may be bullshit, but if it's.
Mark Cuban
Academics that are voting, there's no way academics are going to vote for Donald Trump, period. End of story.
Bill Maher
But what I think he should get credit for, especially, is just changing the way he approached this. They did it the same for administration after administration, tried the same thing, and it didn't work, and they kept doing it. And now they sent, like, these three real estate guys over there.
Andrew Ross Sorkin
Well, that's the thing. They look at Witkoff and they look at Jared Kushner and they think, what are they doing? And yet they make it work. So why is that? And what does that say about experts and expertise? I'll tell you why.
Bill Maher
Because first of all, the Trump doctrine, which was basically, we don't judge anybody. You know, what, Cutting off the head of that journalist, not cool. But, you know, everybody's got their thing. And, you know, Biden didn't talk to Saudi Arabia for a year after that. We're not talking to you. And then he had to. He had to go over there because it's Saudi Arabia, because they have the oil and they're the counterweight to Iran. And we had to talk to them. Trump doesn't play that game. And he said, look, we've always put Palestine itself at the center of this, and we're going to Palestine, which is never. Let's be Honest. A actual country. Okay. He said, we're going to make deals with the actual countries. There's some actual countries there, like Saudi Arabia and like Bahrain and like Morocco and all the other United Arab Emirates. We're going to deal with them. And you know what? They were waiting for someone to do that because the Arabs more than anybody knew this was bullshit. They could have made Palestine its own country from 1948 to 1967 when they had it and they didn't. So they know who's bullshitting more than anybody. It's amazing. The Jews like him and the Arabs like him. That's quite a hat trick.
Mark Cuban
Give him credit, you know, One Eye.
Bill Maher
Have you noticed that now that Hamas has taken over again, they're what, shooting everybody? Shooting everybody. Where are the protesters? Suddenly the, you know, the keffiyeh wearing college kids are very.
Mark Cuban
Well, yeah. Can't be found anywhere.
Bill Maher
This is. Okay. It's just amazing, the asymmetry of what.
Andrew Ross Sorkin
Goes on because of all the sympathy. Look, you can. Again, this is the two ideas in your head at the same time that, that for some reason most people don't seem to want to participate in, which is you can look at Hamas and say that's a terrible terrorist organization and hate them, which you should. And at the same time have some sympathy for the Palestinian people. I can do that. And by the way, I'm an American Jew who thinks that Israel needs to be supported in all this. I don't understand why you can't. Why we as a country can't have that conversation. Just say it like it is.
Bill Maher
Yeah. The other thing is personal relationships. It just showed. I know the world is run by giant bureaucracies, but every. No matter how big the bureaucracy is, there's always somebody at the head of it. It's personal relationships and how people. Just one person deals with another person. And the human element. It reminds me of your book, quite frankly, because it's all about Wall Street. It's numbers and it's all this important, but really it's about people. It's about people and the nature of people and the nature of whether they're going to panic and what makes them panic. And I mean, according to your book, and I believe you're right, that has not changed from 1929. I got a little scared reading your book.
Andrew Ross Sorkin
Well, look, I think there's reasons to be a little scared reading the book. I don't. I'm not here to panic people. I wrote this book about 1929 because I wanted to write a story about the people, like the actual people on the ground so we could actually understand who they were, what they were saying, what their incentives were, what their motivations were. And I think you're right. You realize that all these economic systems, structures, politics, policy, is a story about people and the decisions they make. And it's about people like Jared Kushner could have been in that book, if you will, meaning going off and trying to make a deal. And it was about the personal relationship that led to that deal. Not to put 1929 and what's happening in the Middle east all in one pocket. But the broader story is it's a story about human beings. And the relationships ultimately matter to almost everything that ultimately happened.
Bill Maher
And I know you don't want to cause the panic, but I gotta say, you know, you're like the guy on a. Are you sure that this is not gonna be a little bit of a self fulfilling prophecy where, like, if this guy.
Andrew Ross Sorkin
I swear to you, as I was writing this book, I thought I was writing a history book. Now the problem is the truth was as I was writing the book, I was seeing things in the headlines. I'd be talking about things on tv, writing about things in the paper, and I'd go, oh my. That's exactly like that. You know, 1930 comes around, Smoot Hawley tariffs are taking place. Hoover decides he needs to do this because he pledged to the farmers who got to vote for him that he needed their vote. And now he says he wants to. And every economist in America back then was screaming from the rooftop saying, please don't do this, please don't do this. Fast forward what? Just a couple months ago, same story, every economist is signing full page ads in the New York Times saying, president Trump, please don't do this, please don't do this. And here we are.
Bill Maher
But also, the technology aspect of it, you know, that was what really got me, was this economy seems to now be more and more propped up by AI, as was in the 20s electricity. You know, it was radio.
Andrew Ross Sorkin
Everybody was excited about radio and telecommunications. And, you know, RCA was like the Nvidia of 1929. Everybody wanted in on the action and they were all running to the brokers to make their bet and to gamble on it. And they thought this was the future.
Mark Cuban
On margin, just like today.
Andrew Ross Sorkin
And they were doing it on margin.
Bill Maher
And they were a guy who certainly made your fortune betting on the new technology 25 years ago and today. What do you think? I think it's overrated.
Mark Cuban
No, I think it's underrated.
Bill Maher
Underrated, as I say. But. But.
Mark Cuban
Where we are today is just a smidgen of where it's going to be. We're still in the first preseason game in the first inning. And what we see with ChatGPT and large language models and AI girlfriends, that's just the here and now. That's not where we're going to end up. And I think it's going to make.
Andrew Ross Sorkin
Us end up with AI wives. What are you going to end up.
Mark Cuban
Not saying?
Arnold Schwarzenegger
No.
Mark Cuban
Put a robot in there and anything is possible. But what's going to. What's really the challenge? And it goes back to 1929. You've got five companies effectively trying to find out if this is a winner take all AI market, right. Or is there going to be 1, 2, 3, 4, 5 winners? If it's winner take all, they're going to keep on spending money and you can end up in five, 10 years with those data centers just being hollowed out and not, not being used at all. And that would create a calamity.
Andrew Ross Sorkin
Speak against my book for a second. There's one. No, no, no, no. There's one thing that we need to remember which is to some degree, and I am always preaching caution, but speculation built America. It's true. When you think about all of the great technological revolutions that have taken place, whether it was technology in that period or in the dot com boom or AI now, there was somebody who had to say speculate on it. Right? When the first investors in Elon Musk's Tesla, when that seemed like a completely absurd idea, they were speculating on it. And so we need to figure out a way to both have some semblance of speculation in the system, but to do it with guardrails and to do it in a way that's responsible and that is a hard needle to thread humanity.
Bill Maher
The stock market is all speculation. The stock market is not the top companies. They're not the ones that actually make the most money. Sometimes the top ones aren't making any money.
Mark Cuban
Oh no, of course. The seven companies driving the entire market.
Bill Maher
It'S just what they think they're going to do.
Mark Cuban
When we learned a good lesson from crypto, right. The question is, who's on the other side of the trade? Right. What happened with Sam Bankman Fried, there was. They were loaning out stock and loaning out crypto, but nobody was taking the risk. Everybody was just kicking the can down the road. That's what I think happened way back when. Right. And that's the risk now. And you're starting to see and you can speak better of this than I can with commercial real estate. We don't even know how much commercial real estate loans are just being kicked down the road and just being renewed. Renewed without ever hope of being paid.
Bill Maher
I'll tell you why I think AI is overrated. I just mean overrated as something that's going to be good for the economy. 1 It's just going to put everybody out of work. That cannot be good for the economy when it can do just about everybody's job. And also there's this idea that it's going to like make us more efficient. I think we already passed that. I don't think the economy. Can Amazon really get more efficient? Can an Amazon warehouse be replaced? What?
Mark Cuban
Amazon can be replaced.
Bill Maher
Replaced Amazon without question, yes.
Mark Cuban
Like rca. RCA was the dominant company.
Bill Maher
Well how. Well how do you replace Amazon?
Mark Cuban
By finding different ways to deliver product. By finding different. Amazon just destroys small businesses. Anybody can walk in right now and be from China and not have to register their company in the United States of America. That is going to backfire on Amazon. All my shark tank companies hate working with Amazon.
Bill Maher
You still need a truck or something to bring, of course, but it's into your house. Right?
Mark Cuban
But it's knowing what to buy, knowing what to sell, the pricing, the logistics. Amazon has market dominance right now. I think I give smaller companies a chance to compete.
Bill Maher
Oh, I see. Okay.
Andrew Ross Sorkin
Look in the end and I think and you were talking about commercial real estate and everything else. The thing that I worry about that creates a true crisis every single time is leverage in the system. Too much debt. When you have too much debt in the system, that is the light that, that's the match that lights the fire every single time. And what we don't know today is where all the leverage is anymore. So it used to be that we understood that credit was in the banks. Banks were the ones who were loaning out money. That's not where people get a loan anymore. They get it from all of these other place, the shadow banking system. And we have no idea what that looks like. And that's the part actually that makes me nervous. I'm very excited about AI I think actually is going to change our world. But I am also with you, which is to say that if AI is as successful as I think we all want it to be to some degree it has to make us so much more productive. What does productivity mean? That's a euphemism oftentimes I think for taking cost out and jobs.
Bill Maher
This is a real good story about Bronx and his dad, Ryan, Real United Airlines customers. We were returning home and one of.
Andrew Ross Sorkin
The flight attendants asked Bronx if he wanted to see the flight deck and.
Bill Maher
Meet Kath and Andrew. I got to sit in the driver's seat. I grew up in an aviation family.
Andrew Ross Sorkin
And seeing Bronx kind of reminded me.
Bill Maher
Of myself when I was that age. That's Andrew, a real United pilot.
Andrew Ross Sorkin
These small interactions can shape a kid's future.
Bill Maher
It felt like I was allowing my son to see the flight deck will stick with us forever.
Andrew Ross Sorkin
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Bill Maher
I keep woodworks and send back the rest.
Andrew Ross Sorkin
It's so easy. Make style easy. Get started today@stitchfix.com Spotify that's stitchfix.com Spotify.
Bill Maher
Hablaspan Spiest du Deutsch Comm du Norsch. If you used Babbel you would Babbel's conversation based techniques teaches you useful words and phrases to get you speaking quickly about the things you actually talk about in the real world. With lessons handcrafted by over 200 language experts and voiced by real native speakers, Babbel is like having a private tutor in your pocket. Start speaking with Babbel today. Get up to 55% off your Babbel subscription right now at babbel.com Spotify spelled B-A B-B-E-L.com Spotify rules and restrictions may apply. I have to cover all the stories. That's what we do here. The Pope is in the news. I don't know if you what I have to tell you this is true. I don't know if you heard but I think it was just this year that we we got a new Vatican, dropped a new pope, an American real name Bob, stripper name Leo. Oh my God. And he was speaking with journalists at a Vatican conference this week and I didn't know this was on his radar but he's very concerned with clickbait. He said communication must be freed from the misguided thinking that corrupts it and the degrading practice of so called clickbait. Popes used to care about masturbation and now they're clickbait is what this guy and I didn't realize this is a whole genre Called Catholic clickbait. Would you like to see some Catholic? Catholic. There's Catholic clickbait. For example, remember baby Jesus? You won't believe what he looks like now. Oh, my God. This penance hack will get you in and out of confessional in seconds. We asked five Mother Superior is the best classroom object to hit a child with. And they all said the same thing. The 8 masturbation workaround your priest doesn't want you to know. Would you believe this started out as water? Find out how you won't believe what this guy did next. This friar took a vow of silence until he heard Taylor Swift's song about Travis Kelce's dick. The best month for celebrating Christmas. Well, that should be obvious to be. Frankly, he became the world's most famous carpenter without making a single piece of furniture. Can you guess his name? Oh, my goodness. And can you guess which one of these apostles is a snitch? Play our game. All right, so. Oh, my God. Let me ask you a broader, both of you economic geniuses, a broader economic question. Well, economic and political, because it seems to me that there are two pillars that this country is founded on. One is democracy, and one is capitalism, free markets. And it seems like one party wants to get rid of one and the other party wants to get rid of the other, right? Republicans are not that they don't. Democracy is just not number one on their list. It just isn't. It isn't. It's behind Christianity and a few other things. And the Democrats, I mean, I read these 74% are for democratic socialism only 16% favor capitalism. Is this going to be a country that I don't recognize in five to 10 years? If we don't have these two pillars, if we don'ti mean, where are the Democrats going with this? If Mondami is the face of the Democrats on the east coast and Katie Porter is the face on the West Coast, I don't know if that's great politically for that party. It could be quite fun.
Mark Cuban
No, I mean, there is a challenge, right? Kids don't like capitalism, and I think a lot of it has to do with social media. The clickbait, right, Rage bait works better in social media and gets more people's attention. And if Mondami is out there saying, you're getting free housing, you're getting free transportation, you're getting cheaper groceries, I mean, of course that's what they need, particularly in New York, and that's what they're going to respond positively to.
Bill Maher
Is there any way that can work.
Andrew Ross Sorkin
No, no, of course not.
Bill Maher
No. Look, we have a financial literacy professional.
Andrew Ross Sorkin
Problem in America, but the financial literacy problem in America is affecting the politics in America, which is that if you don't understand that, if you actually decide that you think rent stabilization is going to somehow increase the supply of apartments and homing and homes in the country, you've got it completely backwards. Because what happens is the developers say, well, if they're going to stabilize the rent in this town, we don't really want to be developing in this town, in which case there's not going to be enough supply, in which case it's going to cost more to rent your apartment. That's just the way it is. And unless people understand that when, when a politician stands up and says, excuse me, I'm over here and I'm very happy to give you rent stabilization and the free groceries and this and that, and then it doesn't happen, I think people are going to be in for a surprise.
Mark Cuban
But at the same time, I think Mondavi is great for the Democratic Party.
Andrew Ross Sorkin
You do?
Mark Cuban
And I'll tell you why.
Bill Maher
Okay.
Mark Cuban
Because nobody. Okay, Right.
Bill Maher
If you're ready, I'm ready.
Andrew Ross Sorkin
I'm ready.
Mark Cuban
Because nobody in a Democratic Party knows how to sell but him. Nobody in a Democratic Party knows how to use social media but him. They will learn from him. Now, New York may be fucked for four years, Right?
Bill Maher
But they will learn from him.
Mark Cuban
But seriously, right. Who in the Democratic Party knows how to sell, knows how to convey a message, knows how to commit to it?
Andrew Ross Sorkin
Depends what the message is, though. I've seen we.
Mark Cuban
Look, we've been living how to sell anyways. If you gave a Democrat a dollar bill and told him to sell it for 50 cents, they wouldn't be able to do it.
Andrew Ross Sorkin
Sure. Donald Trump is a fabulous communicator.
Mark Cuban
He is.
Andrew Ross Sorkin
Right.
Mark Cuban
Look where it's gotten him. Right? Have you got a.
Andrew Ross Sorkin
Yes, but I think that you disagree with his message, and that's my point. Of course I do. So the fact that, the fact that this guy is a fabulous messenger, if you don't have the message, I'm not.
Mark Cuban
Saying it's good for the city, but what I'm saying is he's a little Donald Trump, you know, he's, you know, he's trying. Yo, for sure. Always in a suit. He could be anywhere. Bernie Sanders rolls up his sleeves, wants to connect. Madame's always in a suit. He's telling you what you want to hear. He has a social media team that designs the message, and it comes across Geared towards Gen Z, geared towards even younger people. And they're accepting it. That's one of the reasons people want young kids want socialism. Because of his ability to sell. Just like Donald Trump want. Because of his ability to sell.
Bill Maher
I'm not going to completely say you're wrong because I don't know, because I would not have guessed that Trump 10 years ago would be where he is. I was watching this, the Katie Porter thing. Do we have any footage of Katie Porter this week having a meltdown? Show that. Because I have a question I would like to ask about that so you don't.
Andrew Ross Sorkin
I feel like this is unnecessarily argumentative.
Bill Maher
I don't want to keep doing this.
Andrew Ross Sorkin
I'm going to call it thank you.
Bill Maher
And the state could lose. Get out of my fucking shop. Now. See, it's, it's getting applause. Ok. I think I remember having Katie Porter on this show and we did not get along. I don't like her. And I found out nobody likes her. And I think you see why. Yeah, okay. But that doesn't mean this isn't effective. I mean, when it came out, the first wave of stories where she's toast, I don't know. First of all, I got to ask, what was that person doing in the shot? I mean, that's not how I would talk to my staff. But that is what I would be thinking is, what are you doing in my fucking shop? In this world, in this new age we're in, I'm not so sure.
Andrew Ross Sorkin
This because you think it looks like it's a truth telling situation. You go, oh, there's a real person.
Bill Maher
I think Trump reflects the frustration that people have and the anger that they sometimes have. This reflects, I think, the, you know what? Nobody's doing their goddamn job. And I'm just, I've had it up to here and I'm not gonna fake it anymore. People don't like faking anything. This is a new age apology.
Mark Cuban
I think she's auditioning for Horrible Bosses 3.
Bill Maher
I agree, but I don't know that it conveys any.
Mark Cuban
Vote for me.
Bill Maher
Okay, you know what?
Andrew Ross Sorkin
No, but I'm recording here in the following way.
Bill Maher
I don't know.
Andrew Ross Sorkin
We're all trying to comport ourselves into a way where we look like we're a certain thing. And when people see that, they go, there's something that feels real about that. Because I'm sure you've been in interviews where you've been like, f this person. Oh, of course. I can't believe they're asking Me these questions. I want to get out of the chair.
Bill Maher
Hey, I'm sitting right here.
Mark Cuban
If her employees didn't say she was awful, you would be right. Because no one goes to work and wants to be shit on. And when you see a boss shitting on their employees, I don't think it works for them.
Andrew Ross Sorkin
That's not a good sign.
Bill Maher
I just think it's an angry country full of assholes. And she. And you know, it's like, hey, one of us, One of us.
Arnold Schwarzenegger
But.
Bill Maher
I gotta ask about. I'll probably see you tomorrow at the no Kings thing.
Arnold Schwarzenegger
But.
Bill Maher
I mean, what is going on? Caroline Levitt, as I mentioned in the monologue, this is the president's spokesperson. This is not just somebody at the end of the bar. This is not just somebody ranting on social media. The Democratic Party's main consensus is made up of Hamas terrorists, illegal aliens and violent criminals. I mean, I see where the seed of all this comes. Or Hamas terrorists, yes. Idiot college students, Useful idiots who have been out there and were out there demonstrating for the wrong people. Okay. Illegal aliens, yes. Biden had a terrible border policy. Violent criminals, yes. Did too much of that. But the Democratic Party's main constituency, and this is what the no Kings thing is about. If people are wondering, is that it looks to me like either they really believe this, which is insane, or they are just always looking for a pretext to say to let the other side take over this country is just unthinkable. I mean, if you really believe this, I would vote for a right wing coup if I really thought half the country was Hamas terrorists, illegal aliens and violent criminals. What do we do about that?
Andrew Ross Sorkin
They're not taking the Governor Schwarzenegger approach to trying to bring people together. That's.
Bill Maher
That's for sure.
Andrew Ross Sorkin
I mean.
Mark Cuban
I think they're signaling to all right wing media. That's what they do really well. The top creates the rage bait. And then all the right wing podcasters and all the right wing news sources, they go and get in alignment with the same thing. That's what they're really good at, you know, rage farming.
Bill Maher
But it looks to me like they are looking for a pretext. Always sending the troops to Portland and Chicago and now this thing that's going on tomorrow. I think they're rooting for violence because when violence happens, then it gives you the pretext to then send in more troops. And they've already shown, they're already shown that they will absolutely not concede elections. Trump still has not publicly conceded the 2020 election so, like, when you have this, if this is really the state of the country, I can see we have to cancel the next election. There's just too much unrest. We'll get back to elections, but we have to this day, it's just too much.
Mark Cuban
Once we get things safe.
Bill Maher
Once we get things safe, this is what this looks like. Or at least they have earned the suspicion.
Andrew Ross Sorkin
Oh, and I imagine you think six months before the next election, there will be, you know, a blue ribbon panel that will be announced to look into, you know, election integrity as they delay the election for 12 months.
Bill Maher
You know, blue ribbon panel.
Andrew Ross Sorkin
Oh, it'll be. It'll be, you know, chaired by Pam Bondi.
Bill Maher
Oh.
Arnold Schwarzenegger
Yeah.
Bill Maher
I don't think this crowd is big on blue ribbon panels. Blue ribbon Bake Offs, maybe, but not panels.
Andrew Ross Sorkin
But, but the through line, the through line on all of these things is one thing. It's leverage. I mean, and I'm not talking about leverage. We were talking about 1929. I'm talking about leverage over other people. That's what all of this is about, right? Whether you're sending the National Guard, that's about leverage. Whether you're going after the law firms or going after the universities, that's about leverage. Whether you're going after certain countries with tariffs, that's about leverage. That is what. That's the single piece of the whole thing.
Mark Cuban
No one knows how to use leverage better than Donald Trump.
Bill Maher
I think what it's about is hanging on to power by making a case that it is an existential necessity for our side to hold on to power, because this other side is.
Mark Cuban
I mean, don't you want safer streets?
Arnold Schwarzenegger
Right.
Mark Cuban
I mean, that's the whole pitch.
Bill Maher
Safer streets, one thing. But they actually are saying that there's a whole left wing, organized, violent movement. And it's not organized, and it's not as bad as it was in the early 70s with the weatherman bombings. And wasn't like, not even like 2020 with the. With the George Floyd riots. But if you make that case that this country is off the hinges, then somebody's got to step in.
Arnold Schwarzenegger
Yep.
Bill Maher
All right, I got to step out. Thank you, guys. Time for new rules. Okay, Nurul, now that Rite Aid has officially closed all its locations, they have to tell us what's going to happen to each store's one employee. Because I kind of liked her. Not just the lack of eye contact, but also the sneering disdain for having to do her job, of having to wait on you. You know what? On second thought, bring on the robots. I was wrong about that. New rule. The people complaining about biobaiting, which is where people on dating apps purposely oversell themselves and accentuate their good qualities, have to tell us. As opposed to doing what? Who is going to tell you the worst about themselves? Late sleeper who's lax on hygiene, enjoys noisy dinners and short walks anywhere but the beach. And don't get me started on the herpes. New rule. Foster farms who just recalled millions of pounds of their frozen corn dogs because they contain extraneous material, have to tell us what's extraneous material in a corn dog? Actual meat. Hey, stay in your lane, corndog. You have one job and one job to create unfortunate photos of presidential candidates. New rule. The people now complaining that Bad Bunny shouldn't headline the super bowl halftime show because he speaks Spanish have to admit that when Kendrick Lamar headlined, you had no idea what the new rules. Someone needs to explain what the point is of leaving a review of an airport. Oh, look, Lady Posh 98 says the food court doesn't have enough vegan options. I guess we won't fly to see Grandma ever again. Again. Now, airports aren't supposed to meet your needs. They're purgatories with a Panda Express. You don't go because they're good. You go because that's where the plane is. And finally, Nerol, if you think your job is just to tell people what they want to hear, you're not a journalist. You're a wedding dj. For years I've complained about the media only telling half the story, lying by omission, when they leave out the part that doesn't feed their narrative. A couple of weeks ago, Fox News and the New York Post committed the clearest example of this I've ever seen when they described my editorial of September 26, where I called for a grand bargain between the far left left and the far right, but completely left out the far right part. The Post headline was, bill Maher calls for a return to Old America, tells left to scale Back Radical ideology, smug self righteousness. All of which is true. I said that and I stand by it. But I thought, shouldn't you have also put the other half of what I said in your headline? Well, I guess you'll get to it in the article, but you didn't do that either, you fucking liars. I know the Right likes disappearing people now, but I'm not going to let you disappear. My point, and this is what happens after every show, and not just on Fox News and not just on the right. Ironically, because the Blue sky crowd hates me for calling them out on, yes, their voluminous bullshit. They also will sometimes just print my critique of the left because they want people to think I'm a conservative. You are fucking liars, too. Here's. Here's a test. Let's see who reports what I'm saying now. No, no, no, they won't, because it's just so easy not to. If a truth falls in the algorithm, does it make a sound? The Fox News New York Post piece even went so far as to giddily recount all the places I carved up the woke and then have the balls to write. Wrapping up his monologue, Maher warned liberals that if they keep pushing radical progressive policies, those in power may never give that power back. Yeah, I said that, and I believe that. But that's not how I wrapped up my monologue. Look, I have it here. I have it. That sentence came here. Top of page two. What about this part? The part that starts with. Which brings me to my friends on the right. What happened to that part? Here, let me read a chunk to you. To my friends on the right, I say an authoritarian police state is not going to work for you either. Do you know what a drag it is to actually have to run a police state because half the population is seething, while all the time you know down deep that they're right about America becoming something it never was and never should be? What happened to that part? I don't want a retraction for you. I want an addition. Leaving that part out would be like reviewing the movie Jaws and saying it ends with three men who go fishing but don't catch anything. Now I know why you do this. Short answer. Because you're cowards. Because you know if you print the part that challenges your audience, you will get angry tweets and texts, not to mention dirty looks at the Lee Greenwood contestants. But, you know, there is a new spirit taking hold in the media, and I think in the country itself. A spirit of let's cut the bullshit on both sides, shall we? And I'm proud this show has been a part of fostering that. Why don't you jump on the bandwagon? Because the model you're working now isn't making you or your readers look good. If you need every story in your feed to be, my team wins. And here's why. My side is the good one. You're weak and deliberately keeping yourself ignorant. And yes, that goes for both sides.
Arnold Schwarzenegger
But.
Bill Maher
But conservatives. I thought you were the strong people who laughed at Safe Space. But you can't even read what I really said unless Mommy promises you it has a happy ending. Guys, we may not be heading for a happy ending. And one reason is you keeping people in their information ghettos, which fosters hate and division and makes you nothing more than a human algorithm. And algorithms are, as much as anything, what keeps this country so fucked up. I can't tell you exactly how they work because I'm not a virgin and I'm not a Bond villain who's on the spectrum.
Arnold Schwarzenegger
But.
Bill Maher
I know it's an evil gremlin that lives inside our phones and that it knows what you watch, what you like, what you click, what you buy, what you jerk off to, what you comment on. It knows all that and then it owns you. If you like it and love it, it gives you more of it. And so you become a very boring, intellectually stunted, predictable person. The good news is, I have a way to break out of this. No, not by throwing your phone away. No one would do that. But there's a better way. Fuck with the algorithm. Fuck with it. Stop. Yeah, stop letting it pigeonhole you. It's so easy. Just click on something you normally wouldn't. If you're a liberal, search for Morgan Wallen tickets, Order a set of shot glasses that looks like a rifle. Ask Google how to reattach a finger after a bottle rocket accident. And if you're a conservative, go to a site that recaps the latest episode of RuPaul's Drag Race. Order a black lady church hat on Amazon, buy the Ruth Bader Ginsburg Halloween costume. And soon enough, your algorithm will start treating you like a more well rounded, open minded person. And who knows? Then maybe you'll actually become one. All right, thank you very much, ladies and gentlemen. That's our show. I want to thank Andrew Osorkin, Mark Gibbon and Arnold Schwarzenegger Club random drops Every Monday on YouTube. It's awesome this year. Listen, wherever you get your podcast now, go watch Overtime on YouTube. Thank you. Thank you, folks. Catch all new episodes of Real Time with Bill Maher every Friday night at 10 or watch him anytime on HBO on Demand. For more information, log on to hbo.com.
Guests: Arnold Schwarzenegger, Andrew Ross Sorkin, Mark Cuban
Date: October 18, 2025
Podcast Host: Bill Maher – HBO Podcasts
This lively episode of “Real Time with Bill Maher” brings together iconic guests—former Governor Arnold Schwarzenegger, business mogul Mark Cuban, and financial journalist Andrew Ross Sorkin—for a spirited discussion about American politics, global diplomacy, democracy, capitalism, and the future of technology. The episode stands out for examining the paradoxes of the current political climate, the meaning of patriotism and democracy, and the paths forward for both parties. Laced with Maher’s signature humor and bluntness, the conversation navigates the complexities of governance, market speculation, emerging tech, and polarized media.
Timestamps: 01:57 – 08:00
Timestamps: 08:15 – 18:32 Guests: Arnold Schwarzenegger, Bill Maher
Timestamps: 12:37 – 16:41
Timestamps: 15:43 – 16:41
Timestamps: 18:32 – 20:02
Timestamps: 20:02 – 24:27 Guests: Mark Cuban, Andrew Ross Sorkin, Bill Maher
Timestamps: 24:27 – 26:37
Timestamps: 26:37 – 27:47
Timestamps: 27:47 – 34:50
Timestamps: 32:47 – 34:50
Timestamps: 33:54 – 34:50
Timestamps: 35:49 – 41:44
Timestamps: 41:45 – 43:10
Timestamps: 43:10 – 45:16
Timestamps: 45:53 – 49:30
Timestamps: 49:02 – 50:12
Timestamps: 50:12 – 59:08 Bill Maher solo
| Segment | Time | |---------------------------------------|--------------| | Political Satire/Monologue | 01:57–08:00 | | Gerrymandering & Democracy | 08:15–18:32 | | Schwarzenegger on GOP Philosophy | 12:37–16:41 | | California’s Political Landscape | 15:43–16:41 | | Movie Business Discussion | 18:32–20:02 | | Panel: Foreign Diplomacy v. Domestic | 20:02–24:27 | | Trump’s Middle East Strategy | 24:27–26:37 | | Two Truths in Israel/Palestine | 26:37–27:47 | | 1929 vs. Today – Sorkin | 27:47–34:50 | | AI, Economy, & Tech Disruption | 32:47–34:50 | | Shadow Banking & Leverage | 33:54–34:50 | | Democracy vs. Capitalism | 35:49–41:44 | | The Power of Political Messaging | 41:45–43:10 | | The Katie Porter Meltdown Debate | 43:10–45:16 | | Weaponized Division / Polarization | 45:53–49:30 | | Power & Leveraging Crisis | 49:02–50:12 | | New Rules & Media Critique | 50:12–59:08 |
The overall tone is witty, irreverent, and deeply engaged but not without seriousness. Maher and his guests mix biting humor with earnest critique, especially regarding democracy, media responsibility, and the potential for both dystopia and progress in American politics and technology.
Listeners who want a wide-ranging, culture-savvy take on America’s current political and social landscape—especially those interested in the intersections of politics, economics, and technology, or who appreciate frank bipartisan debate with a humorous edge.