$100 Million on the Line: Americans Betting Big on the Presidential Election

Summary

Podcast Summary: Right About Now with Ryan Alford Episode: "$100 Million on the Line: Americans Betting Big on the Presidential Election" Release Date: November 1, 2024

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Introduction

In this episode of Right About Now with Ryan Alford, the hosts delve into the intriguing intersection of big-money betting and the U.S. presidential election. Released just days before Election Day, the discussion weaves through various topics ranging from the dynamics of electoral betting markets to current marketing trends and significant business news. Hosted by Ryan Alford, alongside co-hosts Chris, Sawyer, and Brianna, the episode balances insightful analysis with lighthearted banter, staying true to the show's reputation for making listeners think while keeping them entertained.

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Episode Overview

The primary focus of this episode centers on the burgeoning trend of substantial financial wagers placed on the outcome of the U.S. presidential election. The conversation expands to include how platforms like Robinhood are facilitating these bets and the historical accuracy of betting markets in predicting election results. Additionally, the hosts explore recent marketing developments, such as Mountain Dew's rebranding efforts and Goldfish Crackers' limited edition launches. Business news segments cover topics like labor market trends, legal actions by JP Morgan Chase against ATM scam perpetrators, and insights into the wealth of TikTok's founder in China.

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Main Discussions

1. Presidential Election Betting

One of the standout segments discusses the phenomenon of Americans betting over $100 million on the presidential race. The hosts examine Robinhood's new feature that allows users to place monetary bets on election outcomes, raising questions about the reliability and implications of such practices.

• Notable Quote:
  • Brianna [28:23]: "More than $100 million has been legally wagered on the presidential race days out from election day."
  • Chris [24:15]: "I tend to think it might be going the other way and hope that it is, but just saying if you bet, gamble with your head."

They reference historical data from NPR's Planet Money, noting that betting markets have successfully predicted 11 out of 15 presidential races between 1884 and 1940, suggesting a level of reliability but also questioning the modern dynamics influenced by social media and platform algorithms.

2. Marketing News

a. Mountain Dew Rebrand

The hosts discuss Mountain Dew's 2025 rebranding effort, which aims to shift away from a perceived childish image established in their 2009 rebrand. The new logo emphasizes a "back to roots" approach, incorporating full words instead of abbreviations and a more vintage aesthetic.

• Notable Quote:
  • Chris [07:17]: "It's the old logo change for iconic brand. I do like, hey, go back to your roots."

They debate whether this rebrand is a savvy PR move to refresh the brand's image amid declining sales or a superficial change that fails to address deeper consumer preferences.

b. Goldfish Crackers' Limited Edition: Chilean Sea Bass

Goldfish Crackers introduced a limited edition called "Chilean Sea Bass," featuring the same classic taste but branded with an adult-sounding name. The release quickly sold out, highlighting consumer fascination with novelty and premium-sounding products.

• Notable Quote:
  • Brianna [13:26]: "Goldfish Crackers has done a limited edition where they release Chilean Sea Bass and it sold out like immediately."

The hosts speculate on the marketing strategy behind this release, suggesting it's a clever attempt to rebrand a familiar product as more sophisticated without altering the actual flavor.

3. Business and Economic News

a. Labor Market Slowdown

The episode touches on recent data indicating a slowdown in the labor market, with job openings dropping to 7.4 million—the lowest since January 2021. This trend is particularly noticeable in the healthcare and government sectors.

• Notable Quote:
  • Brianna [34:51]: "Job openings fell to 7.4 million, the lowest since January of 2021, indicating a slowdown in the labor market."

The hosts discuss the potential reasons behind this slowdown and its implications for small business owners and the broader economy.

b. JP Morgan Chase Suing Over ATM Scam

A significant portion of the discussion highlights JP Morgan Chase's legal actions against individuals involved in an ATM glitch scam that led to unauthorized withdrawals exceeding $290,000. The hosts express disbelief over the scale of the scam and Chase's aggressive pursuit of restitution.

• Notable Quote:
  • Chris [31:17]: "They go after you. It does."

They analyze the vulnerabilities in banking systems that allowed such large-scale fraud and the potential repercussions for both the perpetrators and the banking industry.

c. TikTok Founder’s Wealth in China

The conversation shifts to the remarkable rise in wealth of TikTok's co-founder, Zhang Yiming, who has become China's richest individual with a net worth of $49.3 billion. The hosts debate the challenges of amassing such wealth in China’s political and economic landscape.

• Notable Quote:
  • Brianna [32:25]: "His net worth is 49.3 billion, and he's doing some good investing there."
  • Chris [34:14]: "He’s in China, Communist China, does he have to share how much of that does he have to give the government a year?"

They ponder the limitations and governance issues faced by billionaires in China, including potential government interventions and the stability of personal wealth.

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Insights and Conclusions

Throughout the episode, Right About Now with Ryan Alford provides a multifaceted look at how betting markets are intertwining with political processes, the evolving strategies of major brands in staying relevant, and the shifting dynamics within the labor and economic landscapes. The hosts emphasize the importance of understanding both consumer behavior and broader economic indicators to navigate the current business environment effectively.

• Final Takeaways:
  • Betting on elections, while historically predictive, is influenced by modern factors like social media algorithms and platform-specific behaviors.
  • Brand rebranding efforts need to resonate authentically with their target audiences to avoid superficial changes.
  • Economic indicators such as job openings are critical for small business owners to monitor, as they signal broader economic health.
  • Legal actions against financial fraud highlight the ongoing battle between banks and cybercriminals, underscoring the need for robust security measures.
  • The wealth accumulation of tech entrepreneurs in restrictive political regimes raises questions about personal financial autonomy and government influence.

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Notable Quotes

1. Brianna [28:23]: "More than $100 million has been legally wagered on the presidential race days out from election day."
2. Chris [07:17]: "It's the old logo change for iconic brand. I do like, hey, go back to your roots."
3. Brianna [13:26]: "Goldfish Crackers has done a limited edition where they release Chilean Sea Bass and it sold out like immediately."
4. Chris [31:17]: "They go after you. It does."
5. Brianna [32:25]: "His net worth is 49.3 billion, and he's doing some good investing there."
6. Chris [34:14]: "He’s in China, Communist China, does he have to share how much of that does he have to give the government a year?"

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Conclusion

This episode of Right About Now with Ryan Alford skillfully navigates through a variety of timely topics, offering listeners both depth and entertainment. By combining discussions on presidential election betting with current marketing strategies and significant business news, the hosts provide valuable insights for business owners, marketers, and enthusiasts alike. The blend of serious analysis with casual conversation ensures that the content is both informative and engaging, encouraging listeners to stay informed and think critically about the evolving business landscape.

For more insights and updates, visit www.RyanIsRight.com or follow @rightaboutnowshow and @ryanalford on Instagram.

Transcript

[Matt Reynolds]

Struggling to grow or start your business or drowning in an ocean of urgency? You're not alone. I'm Matt Reynolds and my brother Chris and I have been in the trenches of entrepreneurship for nearly 40 years combined. We've built successful companies from the ground up. We're sharing our hard earning lessons and practical strategies on the build you'd business podcast. And I'm excited to say that the build your business podcast is the newest addition to the Radcast network. Learn more at Turnkey Coach. Build or subscribe on your favorite podcast platform.

[Ryan Alford]

This is right about now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month, taking the BS out of business for over 6 years in over 400 episodes. You ready to start snapping next and cashing checks? Well, it starts right about now.

[Chris]

What's up, guys? Welcome to right about now. It's our weekly business news of the week here on November 1, 2024. One week to election day or I think or three days to election day. What is it? How whatever it is, it can't happen soon enough here as we enter November. There's all kind of sayings for November, guys. I know there's like multiple no shave November. No shave November. There's another one.

[Sawyer]

What's the other one?

[Chris]

I don't really want to.

[Sawyer]

I don't want to say.

[Chris]

I don't really want to partake in it if it's what I think it is, but nonetheless. Chris, what's up, brother?

[Sawyer]

What's up, bro? How you doing?

[Chris]

I'm good, man. Hopping from one to the next and having my tasty kombucha here. This morning. Sawyer said, no way I'm drinking kombucha. Mmm, Tasty. It's tasty. Brianna, what's up?

[Brianna]

I am doing great. I just read what the other November challenges, and I'm not saying it out loud.

[Chris]

You didn't know what Chris and I were talking about.

[Brianna]

I had no idea. I was like, what is it?

[Chris]

I'm like, I don't even want to say. I don't want to partake.

[Brianna]

You know, you guys can Google it.

[Sawyer]

It's a new challenge for your husband, Brianna.

[Brianna]

Nope.

[Chris]

Let's just say it's triple quick.

[Sawyer]

No.

[Chris]

Yeah. Triple ins. Is that right? Am I doing my. Yes. Yeah, yeah, yeah.

[Brianna]

That.

[Chris]

We're talking about the same thing. So we're gonna. We're gonna be like the anti triple here on right about now. When everybody else goes left, we go right.

[Brianna]

We don't Recommend the NNN challenge.

[Chris]

Yeah.

[Sawyer]

No, it's not an election year.

[Chris]

Oh, here we are into November. Got two months left. We're like, my wife is already starting to decorate for holidays for like Christmas. She decorates for Christmas before Thanksgiving. She's one of those.

[Brianna]

Gosh, no. December 1st is it. I can't take it much longer than one month.

[Chris]

Yeah, it's a thing. But. But she likes to get it done. I can't fault her for the fact that she likes to kind of get it over with and, and to enjoy it longer because it's a lot of work. I mean, there's a lot of. With all the shit. We have like seven Christmas trees.

[Brianna]

Seven.

[Chris]

Like some of them, the mini miniature, like, you know, five foot kind. But two or three of the big daddies. It's a thing.

[Brianna]

I was telling the team this morning that we have a house Christmas tree and then we have a to go Christmas tree. Because for the last three years we've done Airbnb for Christmas, like to go somewhere. So take the to go tree to the Airbnb and set it up. But then we also have like our main 30 day Christmas tree.

[Chris]

My dad developed a concept. My dad's a creative guy. He's like a MasterCard carpenter, general contractor. And he developed a concept that was kind of like a roll up tree that went flat against the wall. Like it was tall. It was a triangle like the tree and it had decorations on it, but it kind of. It rolled out on the wall. Yeah. It had lights on or whatever. On the back. Yeah. Flat on the back flush.

[Sawyer]

He was like, those for the corners too. That's awesome.

[Chris]

Yeah. He's like, this is a billion dollar idea. But I know execution is everything. And he never. But I, I thought I, I kind of laughed it when I was a kid because he's had this for like 30 years and. But now I don't know that that's a bad idea. Yeah, I like that idea for like single people especially. Easy or just. Yeah, you roll it out, baby.

[Brianna]

We are like, go cut down your Christmas tree in the national forest family. I don't know. I've been trying to figure out where in South Carolina. Yeah. Because we in California, we have the Tahoe national forest. It's like 10 bucks. Get a permit online and you go out and you cut down a tree.

[Chris]

Look at us jumping straight to Christmas here. Nicole. Be proud. We skipped right over Thanksgiving and Black Friday and all that stuff. Went straight to it. But, you know, I think, I think it's Anything to not talk about elections and everything else. So we'll see.

[Brianna]

We purposefully have a very limited amount of presidential coverage on the news today.

[Chris]

I know I barely have enough energy to talk about it, but the only reason. You know why I do have energy, because before I got this healthy kombucha, I had my ex, Exponent powers the podcast. Yeah. That's the only way you have energy. You look. It's been a long election year. Look, long season. This is the reason for the season is Exponent. That's what I'm talking about. Anyway, they are the official energy drink provider. They get us through the holidays. They get us through these episodes where we get tired of talking about, you know, two. Two candidates battling each other out here. And one of these is going to get the belt. We're not going to send this one. But one of them is. But who gets the belt every time is Exponent, the official energy drink of right about now? And Ryan offered, keeping me pumped up. I had six before the show. I'm ready. I'm kidding. Don't drink six. I did have a couple and I'm good to go. We appreciate Exponent, one of our newest sponsors here, powering right about now and keeping yours truly eyes wide open. Thanks to them. Go check them out. Exponent in drink. Exponent on instagram drinking drink exponent.com. that's exp. But they got the big X. X marks the spot for energy. Appreciate them. I got right to it.

[Brianna]

Yeah. Speaking of drinks, we have on the docket for the news today, Mountain Dew doing a rebrand. And I dropped a little image there for you guys to check it out. So their rebrand in 2009. And what we heard was that it kind of was a little bit childish and kind of aimed at like your kids age group, that demographic. And so they're trying to kind of do a little, like, vintage thing here with the 2025 rebrand. It's got the word mountain. It was abbreviated before. Now whole words back.

[Chris]

It's the old logo change for iconic brand. I could see him in the boardroom. All right. Sales are slumping a little bit. I was thinking about, you know, an influencer campaign. No, let's redo the logo. Magic. There it is. I do like, hey, go back to your roots. Go back to the. Hey, I still, like, do the. Do you know that was the tagline back in the day. And the previous logo is kind of like that Batman, like shattered. Bam.

[Brianna]

Yeah.

[Chris]

Now it's like back to the glowing for the mountains.

[Brianna]

I Like it? I think it's a vibe.

[Chris]

I think it's cool. It's just.

[Sawyer]

It reminds me of Irish Spring.

[Chris]

Yeah. Yeah, I do. I was going to say it feels familiar. Yeah.

[Sawyer]

And I don't know why that's, like jumping at me for some reason, but.

[Chris]

That should be a mashup. A brand mashup. Do the do while you're doing the do.

[Sawyer]

Like watching do the do in Ireland with our soup.

[Chris]

Hey, that's pretty good Iris accent from Chris.

[Brianna]

I think I know you had it in you.

[Chris]

I like that. Can you talk the whole episode that way?

[Sawyer]

I can try, but it would be a struggle.

[Brianna]

Yeah. So Irish Springs old packaging looked very similar, but they have since also rebranded.

[Chris]

Man.

[Sawyer]

I guess soap sales are slumming it, too.

[Chris]

Yeah.

[Brianna]

Yeah.

[Chris]

I will say of all the sodas, being an energy drink guy, being an exponent energy drink guy, you know, like, I gotta feel something. Of all the sodas that I actually feel like I feel the caffeine. Mountain Dew is one of them. Yeah. You drink like three diet Mountain Dews pretty good.

[Brianna]

I drink a Mountain Dew and I feel like the. I feel like when I'm drinking it and it's like that bright color, you know, it's all artificial. It makes me feel like I'm gonna get like the Teenage Mutant Ninja Turtles or something.

[Chris]

Neon. Yeah. What's so funny is yellow number five.

[Brianna]

Yeah, I'm good.

[Chris]

Oh, boy. And look, you know, that's what's so funny. They're going back to the mountains, which, you know, it kind of instills this natural, like, whatever it. Is there a more. Is there a more sort of artificial flavor?

[Sawyer]

Yeah. I'm like, did they switch to cane sugar and not corn syrup with the rebrand? Cause I'm thinking people are cutting down cause of health reasons, not the branding. Right.

[Chris]

Yeah.

[Brianna]

Yeah.

[Chris]

The mountain's not full of anybody. Maybe that Mountain Dew0. I don't know. But do the Dew. And I do think that. I can't help but think that, like, traditional soda's hurting a little bit with the fight against sugar and everything. I think that's why Coke zero, Coca Cola mean they're spitting buz on Coke Zero everywhere. If you see. I. I can't remember actually the last time I saw a Coke original commercial versus a zero Coke Zero commercial. I see a lot.

[Sawyer]

It is because it's funny you say this. My. In the package room this morning. Younger guy is probably 25. He was talking about, oh, yeah, I quit drinking regular soda. I used to trash diet soda now only drink diet because I'm trying to be healthier and I'm like, all right.

[Brianna]

Bro, drink some water.

[Sawyer]

That too.

[Chris]

Yeah, Yeah.

[Brianna]

I just can't put that sentence together. I'm trying to be healthier. So I switched to diet soda. Like, maybe switch to iced tea.

[Sawyer]

Baby steps.

[Brianna]

Yeah. Okay, okay. I'm not really a soda drinker. I'm a Lacroix girl through and through.

[Chris]

I can't. I gotta have a little sweetness in my. Like the Kroy doesn't have. It's just fizzy water with a flavor. I don't have.

[Brianna]

Water naturally.

[Sawyer]

Tell you what, Element tea that the electrolyte drinks, they just came out with a canned sparkling electrolyte drink. That's kind of been a good little soda replacement for me.

[Chris]

There you go.

[Brianna]

To try it.

[Chris]

I replaced my soda with soda and go. The Coke Zero. I posted that we talked about a couple weeks ago. Cherry Coke Zero. I don't really.

[Sawyer]

You replace your soda with an energy drink.

[Chris]

Yeah, that's true. That's true. Or kombucha.

[Brianna]

My thing is this. I would rather Ryan just tell everyone.

[Sawyer]

It'S a Bud Light. Having a Bud Light.

[Chris]

It's fuzzing. It's fizzing. It's not Bud Light. I swear. It's not out of the question that it could be, but it is not today.

[Brianna]

We did just refill the cake.

[Chris]

Yeah. That's not it, though.

[Brianna]

If I'm going to drink my calories, I'm going to drink them in a craft beer or a glass of wine.

[Chris]

Yeah, I agree. That's why I went to zero. Like zero has zero calories. I know it's on. I know that the chemicals in her own healthy. I've cut back. I don't need the lesson. However, if you're gonna drink a soda, I can't help but think that zero is better than none than a sugared one up. Like, they both have the chemicals that are nasty, but at least one doesn't have 180 calories and 4 tablespoons or like, what, a pile of sugar this high or something.

[Brianna]

Yeah.

[Chris]

So still, there's a reason to drink exponent. They got zero. No adaptogens. No. Or they have adaptogens, but no bad stuff. I'm staring at the can. They're getting bonus. You know, I love these guys, but they're getting bonus. Say because it fits in plant powered. Yes. They got none of the bad stuff. All the good stuff.

[Brianna]

Those things are amazing. I've been drinking one in the afternoon and I feel like I have gotten so much more productive. Like end of day two to four p.m. cranking stuff out.

[Chris]

I'm just getting this perfect to not bother Sawyer. Yes. I got the thumbs up here. We got perfect synergy here on the set and I don't want to disturb the Chi or Sawyer, so. Yeah, I agree. So enough, enough exponent. We love them. You know it. Go check them out. But here's the deal. Brands do this all the time and they think, all right, the logo change and it, it, it gives it a fresh little pop. It gives you some, some news. It's kind of more of a PR play. I don't think they're going to fool anybody into thinking this is truly natural. Mountain Dew, Mountain Spring. But you know, I do like the Chris's comparison to Irish Spring. That'd be a good brand mashup of sorts.

[Brianna]

And in addition, we have one more marketing news coming to you guys today, and that is Goldfish Crackers has done a limited edition where they release. It's the same, the same cracker goldfish as you know and love them, but they are called Chilean Sea Bass and it says their whole marketing campaign is adult sounding name, same goldfish taste.

[Chris]

So it's not actually flavored Chilean Sea Bass.

[Brianna]

It's just, it's just called Chilean Sea Bass. And they are sold out. They sold out like immediately.

[Chris]

That's.

[Brianna]

You can't even get them anymore.

[Chris]

I mean people will collect anything.

[Sawyer]

I was, that's what I was going to say. Must have some collectors or something.

[Chris]

Yeah. And then it's like, I mean, you're going to have that bag and of crackers that go stale.

[Brianna]

Like that tastes just like a regular.

[Chris]

Tastes like about 30 years ago when these came out. Then it's going to be on that show where they eat stuff, you know, on YouTube. Like they eat stuff that's like 50 years old or something. They open it up to see if it's any good. It's pretty. My kids watch that. I'm watching it. It's pretty fascinating. They got like one of those cake. You remember those old cake makers that little. You make bake little baked cake.

[Brianna]

Little Debbies. Like an Easy Bake Oven.

[Chris]

Easy Bake Oven. Yes. They were making one from like 1960. It didn't go over well.

[Brianna]

I had an Easy Bake Oven.

[Chris]

Easy. I'm sure you did.

[Brianna]

I did.

[Chris]

Little, Little baker.

[Brianna]

My very first job was being a baker's apprentice when I was 16.

[Chris]

Oh, did you wake and bake as a child?

[Brianna]

I plead the fifth.

[Chris]

Yeah.

[Sawyer]

That was Quick.

[Chris]

Chilean sea bass crackers. Look, this is another good PR play. I like it. I like that from marketing perspective, it's hard to get attention. You know, it's in today's world. This is a nice little attention play. I have no idea where they came up with Chilean sea bass. I was trying to get the play off like the name, and don't think there is one. It's just. It sounds very fancy. Next they're gonna have like escargot. Escargo crackers.

[Brianna]

I love that. It's just like cheddar flavor. Like the same old, same old. You've always gotten labeled Chilean.

[Chris]

I was hoping it was kind of like they actually tried to make the floor because there's been a lot of that too. These funky flavors of different things. But. Oh, well.

[Brianna]

Do you want to take us into basketball?

[Chris]

Oh, sure. You didn't even want to set it up.

[Brianna]

I mean, you felt I do, but I'm a little nervous. My basketball. I'm not up to my basketball speed.

[Chris]

Oh, yeah.

[Brianna]

Gatorade. Signing a new deal with Dukes. Basketball star Cooper Flag.

[Chris]

Yep, he's one of the highest rated recruits coming into this season playing for Duke. Shocker. The good get better. And so he's signing in Aldale with. With Gatorade. All these guys are signing deals. He's projected to be the overall first pick of the draft straight out of college so that they odds play one year. And you know, with the new nil deals, these players can get paid for their name, image and likeness, and it not be used to be sort of against the rules. They've finally come around on that. I think they did. I still think it's the wild, wild west a little bit. They don't have the regulations around it that they need to. It used to be, you knew like the $500 handshakes were happening behind the scenes and so that that's gone, which is good. It's now in front of the scenes. But you've got guys signing these huge deals before they, you know, even get to the pros. And I think people should look be able to profit on your own name and image. I mean, that's pretty much what influencer marketing is. But at the same time, there's this slippery slope where you've got different players on the team getting paid different amount, different deals. It can cause some turmoil sometimes between teams or has the potential to do that. I don't know that that's been proven yet. I do think an offensive lineman understands the quarterback like in college football might get a bigger deal just like they do in the pros, how rare their talent is. But I think you're seeing more and more of these deals even take place before these athletes make it to college so. Because I can tell you this before.

[Brianna]

They make it out of college. Yeah, yeah.

[Chris]

I mean I have the outline of a book called Raising a Brand because literally there's a strat, there's a strategy to this and I don't know if any of our kids will be pro athletes. Nash, our youngest, probably has the most potential just based on athleticism at his age. And I've already bought. I own every one of their own Instagram handles all their own Ur I did this probably 4 years ago like Nash offered.com Hudson offered.com Hudson at Hudson offered on Instagram, on TikTok, on like I own all I have all their usernames and their URLs already because you know, planning ahead not only because for for you know, athlete, you know, athletics, but for just personal brand sake to own these things because you never know when they get taken crazy.

[Brianna]

That's an asset that you should look into for your children ahead of time. I thought about that.

[Chris]

So for yourself too.

[Sawyer]

I didn't do that in college. I had to build a website on my name like a domain, like a personal brand. So.

[Chris]

Yep.

[Brianna]

Well there's 20 million Brianna Halls, so.

[Chris]

There'S only one true Chris Hansen and he's not on Dateline. You do have the old one.

[Sawyer]

I'm the new one.

[Chris]

Yeah, he's the newest one. He's not chasing the I do get.

[Sawyer]

Predators like probably twice a month. Someone's like oh, Chris Hansen, D.C. yeah, yeah bro, it's my uncle.

[Chris]

Yeah but Cooper flag that it's a pretty recognizable and memorable name but you'll be hearing a lot more of it. Good player, very rangy. I would say he's kind of like one of those six, eight kids that's shoots runs and does it all jumps well, does all well, dribbles well. Like not just like a big guy and not just a guard. So that's why he's likely a first round draft pick. And it I'm sure this is a seven figure deal already. So there's real money being thrown around with nil. And I think of it really back to just it's just it's influencer deals but they have their influence is driven by their athletic ability and the eyeballs because Cooper flags is on Duke's team. And think about the aware like how often does Duke get shown on television. And how often does he get shown on television? So how many impressions is that for his awareness? Because that's the way you think about these deals, is, no, he's not going to have a Gatorade logo on his. Not yet on his Duke jersey, but the more known he is, the richer this deal is for Gatorade. And so that's the way you have to think about it. And that's the way, you know, they signed these deals. Thinking about, okay, if a player is going to New Mexico State or they're going to Ohio State, who do you think is getting the bigger deal? Ohio State, bigger name, more impressions on television. More, More known, More known. And so the player combined with the, the school and then the personalities, and this is where, you know, like parents out there listening are like, you know, your kids are. It's not about just being showy, but being approachable to brands, being willing to do content and do things like being open to this stuff, because it's not natural. I mean, you think about even doing podcasts, some people, it takes getting in front of the camera and doing those kind of things. The faster that you can get comfortable with that, the bigger your deals will be. Because there's guys that get bigger deals that might have a little less following. They got huge personality. They have a true following. And not just sort of a, oh, I'm following him because he's, you know, a good player, but because of his personality and things like that. So things to think about, things that these brands think about when they sign the deals. And this guy's just at the top of the class. Something that's. I don't know what his personality is, but he's got it. He's just going to be out there so much. They're tying to it early because he ends up first round traffic. You know, he'll have. He'll have a pro deal and everything else.

[Brianna]

So it is interesting, I think that it's good for these players to benefit from all of their hard work before they have to, you know, to wait until they become a pro. Because I think that's kind of what's happened in the past, right? They've almost been penalized for not yet being at that level. And then if they do get injured or, you know, their career gets cut short, they never got to benefit from it the way that they should have.

[Chris]

Other than the free $300,000 scholarship that they get. But, you know, that's sort of. I mean, that's the one thing that started getting lost in all this is, and I agree with you, by the way, and the scholarship isn't in comparison to million dollar deals, so I get it. But at the same time, we're kind of losing the core of this, which, why you typically did it, which was to get the education, but now it's coming pretty much pro sports and pre pro sports colleges. We just don't, we don't have to hide about it anymore. Just is what it is.

[Brianna]

Yeah. College is a really interesting topic. We won't go down that rabbit hole. But the landscape is changing a lot.

[Chris]

Yes, it is.

[Brianna]

Well, we thought this was interesting. This morning on the radical team, we discovered that Robinhood, the app, you can now bet on who, which candidate you think will win the US Presidential election. So we put this. This is our only election coverage, but we just thought it was interesting that now you can place a monetary bet on who you think is going to win.

[Chris]

I'm at. I thought they'd had this stuff out there. They'd have the, I think poly market.

[Sawyer]

You could do it in Vegas. But Robin's rolling out on the app now.

[Chris]

Okay, nice. So 60. So it's essentially 63% chance Trump win 38. Man. Am I reading that data right?

[Brianna]

Yeah.

[Chris]

At least according to how they're doing it. I wonder if that's just purely if that's based on sentiment or polling or if that's just based on the bets being made.

[Brianna]

I think it's based on the bets being made on the app, but I'm not certain.

[Chris]

All right.

[Brianna]

Let'S see.

[Chris]

I mean, I'll. I kind of want to take Kamala for 38 cents, even though I, I've been very vocal about who I want to win, who I voted for. But it seems like it could be like good money, like. Yeah. Good spread. If it's as close as they say it is, that's. That's a good bet to make. Now, I tend to think it's might be going the other way and hope that it is, but just saying if you. Because look like that's what happens. People vote. You don't bet. Gamble with your heart.

[Brianna]

Yeah.

[Chris]

You gamble with your head. That's what happens with, like football stuff. Oh, yeah. I love that team. Or that they're definitely gonna win by that much. You're just totally going all heart, not like logic. So I don't know, is it good? Is it really trending that heavy to Trump in your mind? Chris?

[Sawyer]

I don't know, man. I don't know what to believe.

[Chris]

Yeah.

[Sawyer]

Because I, you Know if you based on social media, it's like, well, is the algorithm just showing me certain things? I do feel in the last week I have seen more criticism of her even I feel from the media.

[Chris]

Yeah.

[Sawyer]

So I could see and that. And let's be real, you still have a lot of people heavily swayed by the media. So I could see, you know that. But again, I don't really know what to believe.

[Chris]

If you go to a media outlet that's pro Kamala and it will make you think that she's absolutely winning. Like they're not showing. I go to a site that I. That I felt used to be pretty down the road. It might even have leaned Republican 10 years ago, but Drudge Report and God, it is so left now I can't barely even read it. I just go there sort of to, you know, at least get the other side. And they do have. When I get past the election stuff. Some of their other articles are pretty interesting. But God, they would have you believe that, you know, Trump's loss is mine, not going to win and everybody's bailing. But it's like that. But then like you said, Chris, I'm on social media and I know it's the algorithm and stuff like that. Everything else. And the more middle of the road media seems to be sort of throwing a little more darts at her. Yeah. So it's. Who the hell knows what to believe.

[Sawyer]

Well, and then you got like Trump on Joe Rogan, obviously that's huge. And I read this morning that her campaign said they would only do it if he went to them in an hour, maximum length.

[Chris]

Yeah.

[Sawyer]

So he said they're not going to do it. I mean, yeah, it's a podcast, but dude, Joe Rogan podcast is huge and a lot of people follow him heavily. So I wouldn't be surprised if that also could have swayed some folks or, you know, and I think it's fair to say you probably have a lot of people that listen to Rogan that aren't Trump people a little bit more free thinking. So maybe you had some, some of the listeners getting a different side of him that they're not exactly exposed to if they're used to just watching the mainstream media.

[Chris]

Yeah, I think if this was any other candidate on the right, it would be a landslide victory for sure. For what? The, for, for the economy and inflation and all that stuff. That would bury her like, and like.

[Sawyer]

Christy, no more Tulsi Gabber. Another female would make it really interesting if there was other female Republicans.

[Chris]

I think the only reason it might be. And I still think it might end up being a landslide comparatively. You know, like what's a landslide in an election? You're always going to have it fairly even because there's a lot of Democrats are never going to vote Republican. But it. I still think it might be a landslide, but it got. It would be an earthquake landslide if his name wasn't Trump.

[Brianna]

So this is super interesting in regards to this bet. It says more than $100 million has been legally wagered on the presidential race days out from election day.

[Sawyer]

Betters will bet on anything, man. That's all that my buddies that gamble, they will gamble on anything. They probably saw this this morning in a immediately jumped on Robin Hood and place bets. I'm not gonna lie, I was tempted, but Robinhood doesn't have a great reputation after the whole Gamestop.

[Chris]

Yeah.

[Sawyer]

You know, when they shut down trading and all that. So you could win your bet, but you might not get your money out with Robin Hood's reputation.

[Brianna]

So this is interesting. So according to NPR's Planet Money of the 15 presidential elections between 1884 and 1940, the betting market has correctly called the race in 11 of the 15. I like those.

[Chris]

Yeah, it's just. What is the betting market? Is it Robin Hood?

[Brianna]

Well, this is. This is the betting market.

[Chris]

Yeah.

[Brianna]

So there's call in the saloon. There's a. Yeah, there's a couple of them. Robin Hood and call she are the two big. The two big ones.

[Chris]

I got my six shooter and my bed in. All right, we'll see what happens.

[Brianna]

A couple weeks ago we had talked about the TikTok Chase bank glitch that was trending on TikTok. And now it's coming full circle as JP Morgan Chase starts suing the customers who allegedly stole funds in the ATM glitch scam that went viral.

[Chris]

Yeah, our YouTube video. And if you good time to plug the YouTube channel. We got one of the fastest growing business podcast YouTube channels. Get over there and check that out. Right about now, just search that on YouTube. But that was one of our biggest videos. Go figure. A couple thousand views and it was all about this. And we either fueled more of it or got people to stop. I'm not sure which one, but go figure. You're gonna get sued if you still. Oh man.

[Brianna]

Yeah.

[Sawyer]

Writing bad checks. Shocker.

[Chris]

Shocker. They go after you. It does.

[Brianna]

I was really surprised that two of the people that are getting sued are businesses in Florida that participated in this game.

[Sawyer]

That caught my eye too.

[Chris]

Yeah. Well, take much to open A business. I mean, you know, like.

[Sawyer]

Yeah, they probably formed an LLC and just wrote blank checks just to.

[Chris]

Yeah, some scam.

[Sawyer]

I would imagine. These people probably will no longer be able to banquet Chase.

[Brianna]

Yeah, well, they'll probably be in prison. This one person says Chase alleges that a man deposited a $335,000 counterfeit check resulting in a $290,000 debt after multiple withdrawals. So how is he going to pay that back?

[Sawyer]

Need a lawyer?

[Chris]

Yeah, I just can't believe that I get it because I've. I think I've seen this with my bank. You know, once you bank with them for a while they'll, they'll credit you before the checks. So I get it. And a few grand, three or four grand, five grand, something. But the fact that they allowed this on the $335,000 check or even down further in Article 2 to $140,000 checks.

[Sawyer]

It'S like kind of like Chase's fault at that point. Like dude, your software allows that?

[Chris]

Yeah, yeah. Bank error in your favor? Not really. But still Chase is suing to get the funds returned. Yes.

[Brianna]

Wild.

[Chris]

Wild.

[Brianna]

Also, how'd you get that much money out of the atm? I thought ATM had like a limit.

[Chris]

It does.

[Sawyer]

Well, they're probably walking in getting the.

[Chris]

Teller to give them then Rusty Tim, they might have doing like going to different ATMs. Thousand dollars a day or something for a week.

[Sawyer]

Maybe they're breaking off the bank teller cut too, you know. You know it runs deep.

[Brianna]

Speaking of deep. Deep in the tick tock industry. Tick Tock's founder has now become China's richest man. I am not going to attempt to pronounce his name, but he is the co founder of ByteDance. And he has now become China's wealthiest person with a net worth of 49.3 billion.

[Chris]

Is that Yang or Zhang? Zhang. Zhang. I know. I mean it's. I don't know if the Z and the H become a Y. I don't know why I think that. I think I might be making that up. But Zhang Yiming, you know, it's not that, that's too easy, but we'll find out. He's. He's a rich dude in China and the owner of Bytedance. Co founder of Bytedance. Excuse me. Go figure. 49.3 billion with a nearly 50% increase year over year. He's doing some good investing there. Doubling up, doubling up in a year. Essentially 43% increase. And if he sells, if they force the US ever felt forces them to Sell. It'll make a lot of bill, a lot of those bees. It's worth quite a bit. Is he limited to what he can spend it on and being in China, Communist China, does he have to share how much of that does he have to give the government a year?

[Brianna]

I just want to know, like, could.

[Chris]

They take his funds at any moment?

[Sawyer]

I mean, that's kind of great question.

[Chris]

Is it really, are you really a billionaire if you're in China and it's in Chinese bank accounts?

[Brianna]

Yeah.

[Sawyer]

I don't know if you want to be on that list in China.

[Chris]

I don't know either. Government's definitely in your pocket.

[Brianna]

It says that being a billionaire in China can be challenging.

[Chris]

I bet you think when a communist country might can just decide they want.

[Brianna]

To take your money and you can't criticize the Chinese government if you do have money because you will face political backlash. It says quite a few billionaires have left China and an additional 15,000 high net worth individuals are expected to leave China.

[Chris]

Let's just say if I was in China and I had that kind of money, I'd be offshoring, that is, however you can do it and planning my exit. So just saying.

[Brianna]

Well, for us normal people in America who are not billionaires. Billionaires, yeah. Sounds like. Job openings fell to 7.4 million, the lowest since January of 2021, indicating a slowdown in the labor market, especially in healthcare and government sectors.

[Chris]

I don't know why in those sectors, but it's not surprising. We've been hiring a few positions and I feel like the candidates have been better. I mean, I don't know if that's correlated at all, but I do think it's a different job market than it was a couple years ago. It just feels different when response rates, things like that, the people that seem to be in the market. Just my observation as a small business owner, but so it's not totally surprising. And I feel like some of the, it's like all the other economic metrics had to catch up to the job market at some point. Right. So I think there's some of that as well.

[Brianna]

Yep, totally. Well, hopefully everything after. Let's see, today is November 1st. We have three more days. I think we will see some changes in the economy based on the outcome of November 4th.

[Chris]

Yeah, it will be interesting. I mean it's going to be surface level, just sort of, I don't know, temperament reactions because no president getting elected on the fourth, no one, they don't take office till next year. And so it's all sort of become speculation. So emotional, emotional speculation. I could see bitcoin, if Trump gets.

[Sawyer]

Elected, going up and then kind of going back down.

[Chris]

Yeah, yeah.

[Sawyer]

So the stock market probably as well get a good pump and then it'll kind of chill out.

[Chris]

Yep. So I think a lot of those metrics, if Trump not. And this is just, it's not because I'm voting for Trump, but, but like, because he's new, I know he's already been president, but because it's a new candidate, new party coming in, which always brings sort of what is what everyone's sort of sentiment is like new energy, new things, whether true or untrue, ultimately, no matter what the policy, it's sort of that sentiment more than anything. It's sentiment's powerful in the market.

[Brianna]

Well, and I was having this conversation recently with somebody is. So we've been in four years of the current administration. If Kamala gets elected, we have four years of Kamala, which essentially is the same administration and then she could get reelected so we could have three four year terms of the same sentiment.

[Chris]

Oh, did I fall into my mic? I was just thinking about what you were saying.

[Brianna]

Yeah. All business owners everywhere are.

[Chris]

Yikes. Yeah. Yes.

[Sawyer]

12 more years.

[Chris]

Eight more years. Eight more.

[Sawyer]

Just one more decade, you guys. We'll be all right.

[Chris]

I just can't take the. I don't know, it's. Look, I've said this a lot of times. The president's going to get in my way of be, you know, pushing forward. That's the great thing about America. But I just don't know if I can handle some of the. And look, I get it on the other side, people say the same thing. Everybody has different strokes for different folks. But I'd like to keep my business taxes down. Yeah, it's good for everybody, you know. Oh, I think that's it for today. We appreciate everybody out there. Chris, any final words?

[Sawyer]

Appreciate you guys listening like. And subscribe.

[Chris]

Yes, Brianna.

[Brianna]

Go vote.

[Chris]

Go vote. Get out and vote, folks. It's your right as American.

[Sawyer]

Do it.

[Chris]

Proud to be an American more than anything. Go to ryanisright.com find the highlight clips, links to all the clips, links to our sponsors. This is what makes this happen. Hey, that's what happens. We got these sponsors. They help us put the content together, support us. We support you. It all goes hand in hand. Hey, don't forget, we're all Americans. Take care of one another no matter what you do. See you next time.

[Ryan Alford]

Right about now, this has been right about now. With Ryan Alford, a Radcast network production. Visit ryanisright.com for full audio and video versions of the show, or to inquire about sponsorship opportunities. Thanks for listening.