😏 “DTP (Down To Prompt)” — ChatGPT’s erotic pivot. Bill Simmons’ king-maker. Goldman’s D1 Athletes. +Tyra Banks’ hot ice cream.

Summary

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The Best One Yet (Nick & Jack Studios)

Episode: 😏 “DTP (Down To Prompt)” — ChatGPT’s erotic pivot. Bill Simmons’ king-maker. Goldman’s D1 Athletes. +Tyra Banks’ hot ice cream.
Date: October 16, 2025

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Episode Overview

Nick and Jack deliver their signature “T Boy” (Top three pop business news stories you need to know today) with fresh, humorous takes on the most buzzworthy business topics. This episode covers:

1. OpenAI's new "SexyGPT" pivot and policy change around AI erotica
2. The Ringer’s Netflix deal and Bill Simmons' rise as podcast king-maker
3. Big banks' record profits driven by a surprising pipeline: former college athletes
   Plus, a look at Tyra Banks’ puzzling new "hot ice cream," a cultural jargon check, and rapid-fire business tidbits.

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Key Discussion Points & Insights

1. OpenAI’s “SexyGPT” Erotic Pivot

[06:00 - 09:59]

• OpenAI’s Big Shift:
  • Sam Altman announces that starting December, ChatGPT will permit adult (erotic) content for verified users.
  • “Sam Altman is changing his mind and allowing erotica on ChatGPT starting in December. But don’t worry, this story is safe for kids because of our takeaway.” — Jack [06:05]
• Background & Context:
  • Historically, OpenAI restricted sexual content in ChatGPT.
  • Only two months ago, Sam Altman told Cleo Abram he’d never “put a sex bot in ChatGPT” — this is a major reversal.
  • “He said, we haven’t put a sex bot in ChatGPT.” — Jack [08:25]
  • “But boom, here we are two months later, he’s putting a sex bot in ChatGPT.” — Nick [08:28]
• Reason for the Pivot:
  • Sam Altman cited improved safety tools and a desire to “treat adult users like adults.”
  • Potential for increased user engagement and profitability (“huge profit puppy”).
  • Caution about brand risks: “Will this be good for OpenAI’s brand? Probably not.” — Jack [08:46]
• Takeaway: “Flooding the Zone” Is the 2025 Theme:
  • OpenAI’s approach: Overwhelm the market with announcements so competitors can’t keep up.
  • “Flooding the Zone. It’s the new version of ‘Move Fast and Break Things.’” — Nick [09:46]
  • Tactic echoed by other leaders: Trump’s executive orders, Elon Musk’s multi-topic calls, AI companies swamping the press.
• Memorable Moment:
  • “Sam Altman apparently D2P — down to prompt.” — Nick [07:24]
  • “This is what all the GPUs were for...” — Jack [06:56]

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2. Bill Simmons: King of Podcasts & The Ringer’s Netflix Deal

[10:00 - 13:50]

• Netflix-Spotify Podcast Deal:
  • Netflix will stream 16 video podcasts from Spotify, 14 of which are from The Ringer.
  • These shows will be exclusive to Netflix (leaving YouTube in 2026), shifting the landscape of where audiences watch podcasts.
  • “It treats podcasting for the first time as TV. Yeah, something you must pay to watch.” — Jack [12:40]
• Why The Ringer? Why Bill Simmons?:
  • The Ringer, founded by Bill Simmons post-ESPN firing, was acquired for $200M by Spotify.
  • Unlike star-centric deals (Joe Rogan, Alex Cooper), The Ringer is a network with 158 shows across topics.
  • “Bill Simmons is the real king of podcasts because he’s a king maker now.” — Jack [12:56]
  • “Good Hang with actor Amy Poehler… Dave Chang’s Restaurant and Foodie Podcast… there’s 150 more.” — Nick [13:24]
• Industry Context:
  • Spotify’s exclusive podcast deals (Gimlet, Rogan, Cooper) often fizzled.
  • The Ringer stands out for consistent network growth, making Bill Simmons as essential to Spotify as Taylor Swift to music.
  • “In our professional opinion, the most successful podcast acquisition by a tech company ever…fair point, Jack, was the Ringer.” — Nick [10:52]
• Takeaway:
  • Bill Simmons' true power: he elevates others, creating a thriving creator ecosystem.
  • “The real king… isn’t Joe or Alex, it’s Bill Simmons. Because he’s not just a king, he’s a king maker.” — Jack [13:47]

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3. Big Banks’ Record Profits, The “Jock Premium,” and D1 Athlete Influx

[15:54 - 19:59]

• Wall Street’s Bumper Quarter:
  • Major banks (Goldman Sachs, JPMorgan, etc.) post record revenues and hiring booms.
  • “Jack and I haven’t seen the banking business this booming since we expensed a client meal over at Dorsey.” — Nick [16:28]
• Key Talent Trend: Ex-College Athletes:
  • There’s a new obsession with recruiting varsity-level athletes over pure “quants.”
  • “Wall Street has an obsession right now with kickers over quants. JP Morgan looking more like JP Varsity.” — Nick [17:39]
  • Data: 28% of employees at Centerview were ex-varsity athletes (pre-pandemic, Wall Street Oasis).
  • Harvard Business Review: Ivy League athletes earn 3.4% more over their careers than non-athletes.
  • “Goldman Sachs’s head of HR just said that athletics is the differentiator. And it’s because of our takeaways.” — Nick [18:53]
  • Examples: Justin Tuck, ex-Giants, now a managing director at Goldman Sachs.
• Rationale:
  • Athletic traits (work ethic, teamwork, resilience) mapped to trading floor success.
  • Banks are now “paying the jock premium.”
  • “To do well as a college athlete, you need a great work ethic, a desire to win, and teamwork… those traits, they’re good on the field, good on the trading floor, good in the pitch room.” — Nick [19:35]
  • Banks are also eyeing first-generation Americans for similar hunger and drive.
• Takeaway:
  • Despite tech’s dominance, human characteristics (athletic mindset, hustle) are once again prized.
  • “The bank business is hitting record highs and they’re willing to pay the jock premium.” — Nick [19:59]

---

Bonus: Tyra Banks’ “Hot Ice Cream” & Food Industry Oddities

[01:57 - 03:13, Memorable Moment at 02:50]

• Tyra Banks launches “Hot Mama,” a hot ice cream store in NYC.
• The product is shrouded in mystery and paradox: “All Tyra would say is, ‘We found the perfect viscosity. Not too thick, not too thin.’” — Jack [02:50]
• Nick jokes: “This innovation is so advanced, we’re just calling it the singularity.” [03:09]

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Selected Quotes & Memorable Moments

• “Sam Altman apparently D2P — down to prompt.” — Nick [07:24]
• “But boom, here we are two months later, he’s putting a sex bot in ChatGPT.” — Nick [08:28]
• “Flooding the Zone. It’s the new version of ‘Move Fast and Break Things.’” — Nick [09:46]
• “In our professional opinion, the most successful podcast acquisition by a tech company ever… was the Ringer.” — Nick [10:52]
• “Bill Simmons is the real king of podcasts because he’s a king maker now.” — Jack [12:56]
• “Wall Street has an obsession right now with kickers over quants. JPMorgan looking more like JP Varsity.” — Nick [17:39]
• “Athletic skills are directly applicable to the dynamics of the finance industry.” — Goldman HR, relayed by Jack [19:52]

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Timestamps for Important Segments

• OpenAI’s SexyGPT Pivot: [06:00 - 09:59]
• Bill Simmons, Netflix & The Ringer: [10:00 - 13:50]
• Big Banks & The Jock Premium: [15:54 - 19:59]
• Tyra Banks’ Hot Ice Cream: [01:57 - 03:13]
• “Flooding the Zone” as 2025’s Media Tactic: [09:01 - 09:59]

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Rapid-Fire Business Tidbits

• Louis Vuitton stock jumps 13%. [20:54]
• New tech stock acronym: “MANGO” (Meta, Anthropic, Nvidia, Google, OpenAI). [21:13]
• Bob Ross paintings to fund public TV: [21:36]
• National Dictionary Day Best Fact Yet: Jack’s favorite word is “lycanthropy.” [22:05]

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Tone and Style Notes

Nick and Jack’s tone is playful, insightful, and wry, with generous asides, puns, and self-deprecating humor. Business news is delivered as if you’re chatting with your sharpest (and quirkiest) friends over coffee.

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This summary covers the episode’s richest discussions and best moments for listeners who missed out — now you can fake it like a T Boy pro at breakfast.

Transcript

[Nick]

This is Nick, this is Jack. It's Thursday, the new Friday, October 16, and today's pod is the best one yet. And this is a T boy, the.

[Jack]

Top three pop business news stories you need to know today.

[Nick]

You know what, Jack? I'm just gonna start off the pod with our one button push. Here we go, the Cha Ching machine. And why is that, Jack?

[Jack]

Because we just won an award.

[Nick]

We just won an award. Yetis our weekly show, the best idea.

[Jack]

Yet, is officially the best business podcast.

[Nick]

Now, the judges picked Neelay Patel's show to win the Aw, but the people.

[Jack]

Voted for our show the best idea yet.

[Nick]

Yeah, that's right. We got more votes than anyone else. We are officially the People's Choice winner for best business podcast. Thank you for voting for us.

[Jack]

For those keeping track, last year, this show, the best won yet. Won best business podcast. So not too shabby.

[Nick]

Oh, we got a good streak going. Thank you so much, besties. We really appreciate it. But, Jack, we got three fantastic stories for today's show. What do we got on the T boy?

[Jack]

For our first story, Sam Altman is pivoting on another major OpenAI podcast by launching SexyGPT.

[Nick]

It's OpenAI's erotica feature. But don't worry. Yetis this story, it's safe for work and safe for the family.

[Jack]

For our second story, it's Spotify's big deal with Netflix. It actually highlights the real king of podcasting, Bill Simmons.

[Nick]

Because with 158 shows, Bill Simmons proves that the best kings are king makers.

[Jack]

And our third and final story, Big banks are having their best quarter since last quarter. Oh, yes, they are record profits across the board on Wall Street.

[Nick]

But the tal superpower at Goldman Sachs driving this surge, it's ex college athletes.

[Jack]

But yetis, before we hit that wonderful.

[Nick]

Mix of stories, all the fogos out there, we're looking at you. If you know, you know.

[Jack]

I don't know, actually. Can you tell me what a fogo is?

[Nick]

Oh, it's Face Off. Get off. I can't believe you didn't know that one.

[Jack]

Yetis the biggest announcement in the food industry right now. What is it, Nick?

[Nick]

It's the most confusing announcement in the food industry right now.

[Jack]

It's an oxymoron, actually, because here it is. Hot ice cream. Tyra Banks, the supermodel, is selling what she calls hot ice cream. Yeah.

[Nick]

Or what we're calling a whole pint of paradox. Jack, what's going on here, my friend?

[Jack]

Well, the brand is called Hot Mama, and New York City is gonna get its first hot ice cream store this winter.

[Nick]

Honestly, I am excited. But I also have a few questions.

[Jack]

I'll start. Doesn't the hot cancel out the ice cream?

[Nick]

Like Jack is what she's selling actually just melted mint chocolate chip. What's going on, man?

[Jack]

Tyra Banks actually won't say. She says you've got to try it first to find out.

[Nick]

Okay, I'll pause the pot again. Jack, that leads to our next question. Why would you sell hot ice cream?

[Jack]

Yeah, why? Well, Tyra is an objectively hot mama. So she wants a brand called hot Mama. And she's free to do that.

[Nick]

But again, the brand won't describe the product. They say that words just can't describe it.

[Jack]

All Tyra would say is, quote, we found the perfect viscosity. Not too thick, not too thin, where.

[Nick]

The hot ice cream still felt as dreamy as a cold ice cream.

[Jack]

So New York City yetis this winter, when it's cold out, you don't want ice cream.

[Nick]

And if you also don't want hot.

[Jack]

Chocolate either, you can now have hot ice cream.

[Nick]

Besties, this innovation is so advanced, we're just calling it the singularity.

[Jack]

If true. Huge, Jack. Let's hit our three stories.

[Nick]

Fifteen years before this song, Two boys from the northeast met in the dorm they had an idea to cause a cultural storm it's the best one yet but the best is the norm. Jack, Nick, that's it. I don't even think they need to practice. 50%, that's a fat tip T boy.

[Jack]

City on your at list if you.

[Nick]

Know, you know Cuz we read to go we can't wait no more so just start the show, start the show, Start the show. First, a quick word from our sponsor.

[Jack]

This show is sponsored by Better help.

[Nick]

You know, Jack, something I thought about in therapy last week. If I were a therapist, I would need my own therapist.

[Jack]

Think of the questions, the venting, the complaints, the tears that we all bring in into that leather couch.

[Nick]

I mean, therapist me would need a break for me, you know, relieving other people's trauma every day for work, that could be pretty traumatic.

[Jack]

It's secondhand trauma now. They do get paid to hear it. But still, I appreciate how welcoming my therapist is to hear all my issues.

[Nick]

Good point. Good point, Jack. Good point.

[Jack]

I appreciate how welcoming my therapist is to my dirty laundry.

[Nick]

So, besties, since October 10th is World Mental Health Day, we'd like to thank those therapists, our therapists, Better Help.

[Jack]

Therapists have helped over 5 million people like us on every issue you could imagine.

[Nick]

And we've learned that simply saying out loud what we could have never articulated before, that could change your life.

[Jack]

Better help has 12 plus years of helping people say what they've only thought but never said.

[Nick]

So just fill out a questionnaire and Better Help finds you the right fit. From 30,000 therapists this world Mental Health.

[Jack]

Day, we're celebrating the therapists who've helped millions of people take a step forward. If you're ready to find the right therapist for you, Better Help can help you start that journey.

[Nick]

Our listeners get 10% off their first [e-mail] t boy, that's betterhelp.

[Jack]

H E L P.com tboy Airbnb Yetis.

[Nick]

Full disclosure, we're already thinking about holiday vacation. You gotta book these things early these days.

[Jack]

Are you kidding? I booked my holiday vacation like six months ago. I do it like the Germans right after my Christmas vacation. I booked next year's Christmas vacation for 2028.

[Nick]

Okay, but also full disclosure, Yetis, I'm jealous here because I'm paying for my whole trip. But Jack, you have money from your Airbnb helping pay for yours.

[Jack]

It's my side. Hustle, profit, puppy besties.

[Nick]

You can host your entire place or just your extra space.

[Jack]

Really satisfying feeling. By the way, when my guest messages me that their first night went wonderfully, it just puts me at ease. And it's like, wow, I am making money right now and somebody's having a great time.

[Nick]

So you're going to give a day away for free?

[Jack]

No, I wouldn't say that yet.

[Nick]

He's your home. Might be worth more than you think.

[Jack]

Find out how [e-mail] host.

[Nick]

For our first story, the Next Big Thing from OpenAI. We're calling it Sexy GPT.

[Jack]

Sam Altman is changing his mind and allowing erotica on ChatGPT starting in December. But don't worry, this story is safe for kids because of our takeaway.

[Nick]

Now, Yetis, before you pause the pod, we are not going into the details of romantic relationships with artificial intelligence, are we, Jack?

[Jack]

Because to quote Austin Powers, that's just not in our bag, baby.

[Nick]

But this headline we saw yesterday was simply the juiciest tech news since the Coldplay Kiss cam affair.

[Jack]

To tell the stories, we're gonna follow the twee. This was Sam Altman. Yesterday on X.

[Nick]

It started like this. Sam tweeted, time to treat adult users like adults.

[Jack]

Go on.

[Nick]

Now that we can mitigate serious mental health issues with new tools, we can relax restrictions.

[Jack]

Sam buried the lead because of this.

[Nick]

Final line, starting in December, we're rolling out age gating, including erotica, to verified adults.

[Jack]

So this is what all the GPUs were for.

[Nick]

Hey, Saudi Arabia, we're gonna need more energy yetis today.

[Jack]

If you ask Chat for some steamy role play, it's gonn that it can't. It's against the company's policies. But in December, once it's verified that you're 18 years old, chat will do whatever you want it to. AI erotica.

[Nick]

It's gonna be great for our declining birth rate. Jack. Yeah, Sam Altman apparently D2P down to prompt.

[Jack]

Yeah, I thought AI was gonna cure cancer. Yeah, we're getting this instead.

[Nick]

But besties, this is what we find fascinating about the story. This ain't just for the page six, gossipy hot water cooler conversation you're gonna have today.

[Jack]

It' because it's another OpenAI huge strategy switcheroo.

[Nick]

We said switcheroo. By the way, we had a long debate about this. Whether it was a flip flop or a switcheroo. We're just going to go with switcheroo.

[Jack]

I guess the first 180 degree strategy flip flop of OpenAI was calling itself Open AI and then actually being closed AI.

[Nick]

Okay, Jack. The second strategy flip flop from OpenAI was being a not for profit and then trying to be for profit.

[Jack]

The third one's happening now.

[Nick]

Yes.

[Jack]

Because ChatGPT historically banned sexual content. It's an AI companion, not an AI lover.

[Nick]

In fact, just two months ago, Sam Altman addressed exactly this issue on another podcast.

[Jack]

Cleo Abram asked this to Sam in her podcast. What's one potentially profitable feature that doesn't align with OpenAI's values?

[Nick]

And Jack, what was Sam Altman's answer?

[Jack]

He said, we haven't put a sex bot in ChatGPT.

[Nick]

But boom, here we are two months.

[Jack]

Later, he's putting a sex bot in ChatGPT.

[Nick]

Yes, he is. Apparently. Jack, the values, eh, they tweaked a bit.

[Jack]

Now, will this be good for OpenAI's business?

[Nick]

Probably. Huge problem.

[Jack]

Profit puppy, potentially time spent could go through the roof.

[Nick]

But will this be good for OpenAI's brand?

[Jack]

Probably not.

[Nick]

Just check out our story from yesterday on Claude launching an anti slop coffee shop and you'll understand what we mean.

[Jack]

This story is the opposite of that.

[Nick]

Yes, it is. So we did them back to back. Jack, what's the takeaway for our buddies over at ChatGPT?

[Jack]

The theme of the year for 2025 is Flooding the zone.

[Nick]

Now, yetis over the last few weeks, Jack and I and you, we've all been inundated with updates and launches from ChatGPT.

[Jack]

Sam Altman's strategy has been to flood the Zone with huge announcements that the press can barely keep up with.

[Nick]

And you know what? That's a strategy we're seeing of the newsmakers across the country to dominate the attention economy.

[Jack]

President Trump's record number of executive orders.

[Nick]

The constant stream of tariff announcements.

[Jack]

Elon talking about robots, cars, Mars, all in one earnings call.

[Nick]

Or Jack, how about last month when an AI startup launched and said in their press release, we're flooding the zone with 3,000 AI podcast episodes a month.

[Jack]

Just this week, in like three Zoom calls, people have referenced Flooding the Zone.

[Nick]

Flooding the Zone. It's the new version of Move Fast.

[Jack]

And Break things because critics in the competition can't keep up. And for those in power, Flooding the Zone is working.

[Nick]

And that's why Flooding the Zone is the term of the year for our second story. Podcasts are coming to Netflix, but they're all from Spotify. Actually, they're all from the Ringer.

[Jack]

Because the king of podcasting is not Alex Cooper or Joe Rogan.

[Nick]

No, it ain't.

[Jack]

It's actually Bill Simmons now.

[Nick]

Yet he's to sprinkle on some contacts. Cause we just know this industry like.

[Jack]

Really well, like, and you don't have our LinkedIns in front of you.

[Nick]

We actually sold our first podcast media startup to Robinhood, the stock trading app, six years ago.

[Jack]

And that started a trend because just two years later, Amazon went on to acquire Wondery for $300 million.

[Nick]

And then Spotify acquired Gimlet and Parc podcast Studios.

[Jack]

And Spotify also acquired the exclusive rights to the Joe Rogan podcast and the Alex Cooper podcast.

[Nick]

But Besties, in our professional opinion, the most successful podcast acquisition by a tech company ever.

[Jack]

Besides ours.

[Nick]

Fair point. Jack was the Ringer.

[Jack]

The Ringer was founded by Bill Simmons after he got fired from ESPN. Yeah, it was basically Grantland 2.0.

[Nick]

And then Spotify paid 200 million bucks for the ringer just four years after Bill Simmons founded it.

[Jack]

And on Tuesday, Netflix announced they're bringing 16 of Spotify's video podcasts to its streaming service to watch.

[Nick]

And 14 of them. Yeah, guess what? They're from the Ringer.

[Jack]

More on the Ringer in a second. First, this deal announced on Tuesday sent the stocks of both Netflix and Spotify up.

[Nick]

Yeah, and why is that exactly? Jack?

[Jack]

Spotify's podcast strategy, it hasn't been a total success, has it?

[Nick]

Yeah, Spotify acquired Gimlet, but then shut it down and gave up on their strategy of making podcasts exclusive to Spotify.

[Jack]

Joe Rogan. Yeah, he's no longer in Spotify's gated garden. You can listen to his show anywhere.

[Nick]

Alex Cooper. She broke up with Spotify amicably, but now she's fully with SiriusXM, Prince Harry and Meghan Markle. They haven't done an episode yet, though.

[Jack]

Jack. They got paid a lot of money.

[Nick]

By Spotify, but they're still working on it. They're still working on it. In the meantime, the ringer has become the one Spotify podcast asset that seems to be working and growing.

[Jack]

Yeah, and now 14 of the Ringer network shows will be bingeable on Netflix Sunday.

[Nick]

And for hbo, it's now for podcasts on Netflix.

[Jack]

And a key detail in this deal is that it requires these video podcasts leave YouTube.

[Nick]

They're only watchable on Netflix starting in 2026.

[Jack]

So this is good news for Netflix. It should win back some time spent currently happening on YouTube.

[Nick]

And it's good news for Spotify because their podcast advertising has been underperforming.

[Jack]

This deal brings Spotify a new type of revenue, TV licensing.

[Nick]

But honestly, and a little bit selfishly, we also think it's good for podcasting in general because, well, why, Jack?

[Jack]

It treats podcasting for the first time as tv. Yeah, Something you must pay to watch.

[Nick]

Now, T Boy is free and will stay free. We're at free podcasts, but for the industry, it's a good look. It's a nice touch. So, Jack, what's the takeaway for our buddies over at Netflix and Spotify?

[Jack]

Bill Simmons is the real king of podcasts because he's a king maker now.

[Nick]

Yetis, to sprinkle on more context. Bill Simmons wasn't ESPN sports personality. He was a talking sports head.

[Jack]

But since founding the Ringer and selling to Spotify, he's become a king maker. Because now The Ringer has 158 shows beyond sports, and Bill Simmons hosts only two of them.

[Nick]

Good hang with actor Amy Poehler. Yeah, that's a ringer podcast.

[Jack]

Dave Chang's Restaurant and Foodie Podcast, that's also a ringer podcast. And there's 150 more of them now.

[Nick]

Joe Rogan and Alex Cooper are amazingly successful shows. They have redefined the podcast industry.

[Jack]

But Bill Simmons success is as a podcast network.

[Nick]

In fact, we would say that this one man is as important to Spotify as Taylor Swift is in terms of content consumed.

[Jack]

The real king of podcasting isn't Joe or Alex, It's Bill Simmons.

[Nick]

Because he's not just a king, he's a king maker. Now a quick word from our sponsor.

[Jack]

ZipRecruiter.

[Nick]

Yetis, are you a witch or a ghost? Or maybe are you an elf?

[Jack]

This year we're doing Toy Story and I'm actually gonna be the claw. Those little green aliens.

[Nick]

Well, Q4 is the holiday quarter. And with Halloween, Thanksgiving and Christmas, it is the ultimate season for hiring seasonal roles.

[Jack]

So if you've got a belly, a white beard and a big old laugh, Macy's will hire you starting November 25th to be Sant clause.

[Nick]

And whether you're hiring for one of these roles or any other role, the best way to find the perfect match for your role is on ZipRecruiter.

[Jack]

And right now you can try it out for [e-mail] T Boy, they got this matching technology.

[Nick]

That's just One reason why ZipRecruiter is the number one rated hiring site based on G2.

[Jack]

The other reason is that the unemployment rate for reindeer 0% right now.

[Nick]

Besties, let Zip Recruiter find the right people for your roles, seasonal or otherwise.

[Jack]

Four out of five employers who post on ZipRecruiter get a quality candidate within the first day.

[Nick]

And right now you can try it.

[Jack]

For [e-mail] tboy Again, that's ziprecruiter.com tboy.

[Nick]

ZipRecruiter the smartest way to hire.

[Jack]

Now a quick break. Switching topics to one of our favorite sponsors, vital proteins.

[Nick]

Now, Jack, my mom does not use most of the products we promote. Like, she's not building a website. She's not downloading a stock trading app.

[Jack]

No, she's not.

[Nick]

But she did call me this weekend and here's what she said. She said, I need to know the promo code for your collagen peptide sponsor because I just bought more of it.

[Jack]

It was Vital proteins and their no sugar added collagen peptide products are delicious. Especially the new 30 gram protein shake.

[Nick]

Now, I don't know if my mom's into the taste or the health benefits or she's trying to get jacked. But she's got healthy hair, skin, nails and joints right now.

[Jack]

Dude, I'd say it's all of them. So yetis, go to www.vitalproteins.com to learn more and where to buy. Get 20% off your next order by entering promo code T boy at checkout.

[Nick]

For our third and final story, big banks are dominating in the profit department right now. And it's all thanks to former D1 college athletes.

[Jack]

We'll tell you why banks are betting on varsity traders more than ever now.

[Nick]

Yetis, full disclosure. Jack and I are former ex, retired, recovering, not quite bro y finance bros who were never really that bro y. Nick was once sent home from work.

[Jack]

By his boss because he hadn't shaved properly.

[Nick]

They were like, is that a little grain? I was like, yeah. They're like, we'll see you tomorrow instead.

[Jack]

But you got back at that boss, right?

[Nick]

It's a story for another project. But besties. Jack and I haven't seen the banking business this booming since we expensed a client meal over at Dorsey.

[Jack]

J.P. morgan, Goldman Sachs, Morgan Stanley, Blackrock, Citibank, Wells Fargo.

[Nick]

Record deal revenues, trading revenues, record assets under management in the last quarter.

[Jack]

Their stocks are all at all time highs. And IPOs are back.

[Nick]

How good is the banking industry doing these days, Jack?

[Jack]

Goldman Sachs just announced they're acquiring a venture capital firm. We've never even heard of that.

[Nick]

For $7 billion. In fact, the Wall Street Journal says recruiting on the street is now at its highest level ever.

[Jack]

Remember JP Morgan's new headquarters building we just told you about? Yeah.

[Nick]

With the signature scent.

[Jack]

JPM just hired 100 managing directors to occupy and peruse each of those 60 floors.

[Nick]

That's a real number. In fact, there is so much money mojo right now that hedge funders are actually hiring talent agents for their deals. They're demanding trades like a Rod and yetis. From Jack's and my research, we can also tell you that the top group powering Wall street profits right now. Who is it, Jack?

[Jack]

College athletes?

[Nick]

Yeah, Jack.

[Jack]

Water polo players, Varsity sailors. They are dominating at Wall street firms.

[Nick]

Wall street has an obsession right now with kickers over quants. JP Morgan looking more like JP Varsity.

[Jack]

Business Insider just interviewed four ex Goldman bankers who said that college athletes were the top talent pipeline by far.

[Nick]

In fact, Jack, did you see who the newest promotion was to managing director over at Goldman Sachs?

[Jack]

Attention, New York Giants fans. Justin Tuck.

[Nick]

Yeah, my classmate at business school at Wharton was Justin Tuck, and now he's a managing director at Goldman Sachs.

[Jack]

After Justin Tuck won two Super Bowls with the New York Giants, he went to business school and is now a top dog at Goldman Sachs.

[Nick]

Oh, and if you thought pro athletes were the top, it goes even further, doesn't it, man?

[Jack]

A couple years ago, JPMorgan Chase actually launched a specific program to help Olympic athletes integrate into their bank.

[Nick]

Although we should point out there is one bank with more athletes than any other. According to a pre pandemic survey by Wall Street Oasis.

[Jack]

Centerview. Yeah, at Centerview, 28% of their employees had the words NCAA and Varsity on their resumes.

[Nick]

Which leads to this wild stat on the ROI of being those athletes.

[Jack]

According to the Harvard Business Review, Ivy league jocks earned 3.4% more money over the course of their career than Ivy League non jocks.

[Nick]

And Goldman Sachs's head of HR just said that that athletics is the differentiator and it's because of our takeaways. So Jack, what's the takeaway for our buddies doing the non literal blocking and tackling? Over in the banking industry, banks are.

[Jack]

Paying the jock premium.

[Nick]

Now, Yetis, you would think that finance recruiting was shifting toward wanting tech skills because every company has to be a tech.

[Jack]

For a while. That was the case. Computer science, tech, quantitative. That's what you wanted on your resume to get a job in finance.

[Nick]

But the pendulum's swinging like a baseball bat. It seems like athletic mentality is now in vogue again.

[Jack]

Because think about it, to do well as a college athlete, you need a great work ethic, a desire to win and teamwork.

[Nick]

Those traits, they're good on the field, good on the trading floor, good in the pitch room.

[Jack]

You know, in our research, we did find another desirable group. First generation Americans. Bankers want them too.

[Nick]

Great point, Jack. The immigrant mentality of hard work and hunger for success, that is a driving, attractive force to have at a bank.

[Jack]

But still, Goldman's HR lead put it this way. Athletic skills are directly applicable to the dynamics of the finance industry.

[Nick]

And they called him a differentiator. So the bank business is hitting record highs and they're willing to pay the jock premium. Jack, could you whip up those takeaways for us?

[Jack]

For the real Friday, OpenAI changed its position on erotica. It will unrestrict sex content from ChatGPT for verified adults starting in December.

[Nick]

Because flooding the zone is the theme of 2025.

[Jack]

For our second story, Spotify is licensing 16 podcasts to watch on Netflix and 14 of them are from the ringer.

[Nick]

Because Bill Simmons is the real king of podcasts because he's a king maker.

[Jack]

And our third and final story, the big banks, they're enjoying record profits with financial markets, IPOs and M& A all.

[Nick]

Booming and powering those profits, it's punters and point guards. Banks are paying the jock premium for them. But besties, this pod's not over yet.

[Jack]

Here's what else you need to know today.

[Nick]

First, Louis Vuitton stock jumped 13% after its first sales growth in a year.

[Jack]

We've been telling you about the luxury lol. Consumers cutting back on their fancy handbags.

[Nick]

But apparently reversed despite the price hikes on that Prada bag from the trade war. People are paying up right now when.

[Jack]

It comes to luxuries. The more expensive, the more in demand.

[Nick]

Oh, yeah, and second, there is a new tech term that we want you to know. It's a cool new acronym you may hear soon. It's called Mango.

[Jack]

Mango. It kind of replaces faang. Remember faang? Were the top five tech stocks.

[Nick]

Jack, what does the acronym mango stand for as the top five AI companies?

[Jack]

Meta, Anthropic, Nvidia, Google, and OpenAI. Mango.

[Nick]

That's the mango trade. And finally, Bob Ross paintings are being auctioned off after public broadcasting got defunded by Congress.

[Jack]

Bob Ross, America's favorite painter. His show was a PBS staple, and now PBS is in trouble.

[Nick]

So the late painter's estate is selling 30 paintings with 100% of the proceeds going to public television. Now time for the best fact yet, which, in honor of Noah Webster's birthday, is about a dictionary.

[Jack]

Today is International Dictionary Day. So, Nick, I wanted to ask you, what's your favorite word?

[Nick]

Okay. My favorite word is silhouette, but that's a story for another pod. It has to do with business. I'll tell you what's yours, though. What's yours?

[Jack]

My favorite word is a word I have yet to organically use in a.

[Nick]

Sentence, and it is lycanthropy. I should have known.

[Jack]

The process of a man becoming a werewolf under a full moon. How is there a word for that?

[Nick]

I feel like it's coming from medieval English, Jack.

[Jack]

Yeah, it is. Drop your favorite word in the comments right now, Nick and I want to see.

[Nick]

And a happy National Dictionary Day to all those who celebrate.

[Jack]

And if it's a full moon, careful. For all the lycanthropy out there, watch out.

[Nick]

Yetis, you look fantastic today. To end the show, we just honestly want to say thank you. Thank you for voting to help make the best idea yet. The best business podcast.

[Jack]

Best business podcast.

[Nick]

Oh, thank you.

[Jack]

I'm celebrating the wins tonight.

[Nick]

We're celebrating the wins and we're doing it with you. Thank you so much for everything you guys do for the show. We love doing it for you. And thank you for giving back in that way.

[Jack]

Nick and I see you tomorrow.

[Nick]

And before we go, a happy birthday to yeti. A naughty Jane down the street in San Francisco. A day one yeti celebrating with the hike.

[Jack]

And happy birthday to an amazing mom and tennis player, Judy Chetan in Tustin, California.

[Nick]

And a shout out to legendary Eddie Jenny Seltzer, who is no longer at Sweetgreen. She's now crushing the taco game over at Taco Bell, where the guac ain't extra.

[Jack]

She's living Moss and Jack.

[Nick]

Just a shout out to Sam Rosenstein. Great yeti I ran into at the final final on Friday after the Dachelor party. Ran into him at the bar. Great guy.

[Jack]

And a shout out to all the bosses out there. It's National Bosses Day. Give that feedback feed.

[Nick]

Forgot about that.

[Jack]

This is Jack. I own stock of Netflix and Nick and I both own stock of Spotify. If you like the best one yet, you can listen ad free right now by joining Wondery plus and the Wondery app or on Apple Podcasts.

[Nick]

Prime members can listen ad free on Amazon Music. And before you go, tell us a.

[Jack]

Little bit about yourself by filling out a short [e-mail] survey we want to.

[Nick]

Get to know Wix.

[Jack]

It's where website creation meets AI and where your boldest ideas become real. It just takes one platform to build a site that looks great and does everything you need it to. And it just takes one person you to start taking care of business. Like a 10 person team with AI tools for creating an entire website from scratch or testing new ways to make money. WIX is there with you from day one. Try it out [e-mail].