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Nick
This is Nick, this is Jack. It's Thursday, the new Friday, November 6th, and today's pod is the best one yet. This is a T boy.
Jack
The top three pop business news stories you need to know today.
Nick
Yeti stocks are near all time highs and so are our full stomachs.
Jack
Last night we went to little original Joe's Pizza.
Nick
Yeah, not to be confused with Joe's Pizza or classic Joe's Pizza.
Jack
We also bumped into two Yetis.
Nick
We did?
Jack
What were their names? Carlos and Diego.
Nick
Carlos and Diego, a couple great Yetis from Costa Rica now living in the Bay area.
Jack
Doing tonight we're going to Radhaus, which is my favorite German themed bike friendly restaurant in San Francisco.
Nick
You know what they say on Wall Street, Jack. Ach ya. Three fantastic stories for today's show. Jack, what do we got on the T boy?
Jack
For our first story, America just finished what we're calling the capitalism election.
Nick
Because it all came down to the unholy trinity of American unaffordability.
Jack
For our second story, hold Tory Burch, sell Gucci, buy Isabel Mar besties.
Nick
The new financial flex is treating your fashion wardrobe like a portfolio.
Jack
And our third and final story. Tomorrow could be the biggest day of the year because Elon Musk could quit as CEO of Tesla.
Nick
Because today Tesla shareholders vote on his $1 trillion shareholder package. Whereas Rihanna would say, better have my money.
Jack
And if they say no, Elon says he's out. But Yetis, before we hit that wonderful mix of stories.
Nick
Fantastic mix of stories, Jack.
Jack
Tom Brady has seven Super bowl rings.
Nick
Yes. Three MVPs.
Jack
Okay, two ex wives, count them. And one dog.
Nick
I'm sorry, Jack, I think you mean two dogs.
Jack
No, I mean one dog.
Nick
Yeah, but really two dogs. Because Tom Brady just cloned his dog.
Jack
Get this. Remember that anti extinction startup that's bringing back the dodo, the mammoth and the saber toothed tiger?
Nick
Yeah.
Jack
It's called colossal.
Nick
They're worth 10 billion bucks. Jurassic park style company we did a story on.
Jack
Well, it turns out Tom Brady is an early investor and he's cashing in on some perks right now.
Nick
Because just before his family dog Lua passed away, sadly in 2023, Tom Brady.
Jack
Snagged some of her blood, handed it to Colossal and said, one clone, please.
Nick
That's right, besties. Tom Brady got Colossal to clone his pet.
Jack
They copied and pasted his puppy.
Nick
They doubled his doggy.
Jack
Tom revealed it all in an interview on Tuesday with People magazine.
Nick
By the way, the new dog, the clone, it's named Juni.
Jack
Different dog, same DNA, different name.
Nick
That bark though. Oh, it's the same bark.
Jack
And on the same day that Tom revealed his Pitbull mix is actually a clone, Colossal announced they acquired a pet cloning company.
Nick
Because celebrities they've been cloning their pets for years now.
Jack
Apparently it costs about $50,000 to clone your pet.
Nick
I heard not too shabby. 2017, Barbra Streisand cloned her dog.
Jack
2022, Paris Hilton famously cloned her chihuahua, Jack.
Nick
Reminds me of one of our most famous fundamental rules of business. P U P P Y People ultimately prioritize puppies. Yeah. Let's hit our three stories.
Unidentified Guest or Producer
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.
Jack
50%.
Unidentified Guest or Producer
That's a fat tip. T boy city on your at Liz if you know, you know. Cause we read to go we can't wait no more so just start the. Start the show.
Nick
Start the show. First, a quick word from our sponsor, Framer Yetis the first website we ever built. Our MySpace page. Yeah, we were just young enough, right Jack?
Jack
Or old enough Nick. I still remember you could give your MySpace page a soundtrack. Music started playing when someone visited the webpage.
Nick
Blink 182, the official music of young Jack. But besties, if we built a website today, we'd use Framer because they focused on the small things.
Jack
Framer already built the fastest way to publish beautiful production ready websites. And it's now redefining how we design for the web.
Nick
With the recent launch of design pages, a free canvas based design tool, Framer is more than a site builder. It's a true all in one design platform.
Jack
From social assets to campaign visuals, to vectors and icons, all the way to a live site. Framer is where ideas go live, start to finish.
Nick
So ready to design, iterate and publish all in one tool. Start creating for free@framer.com design and then use code T boy for a free month of framer pro.
Jack
That's framer.com design and use promo code T boy.
Nick
Framer.com design promo code T boy Rules and restrictions may apply.
Jack
I recently got a booking request from somebody who said I'm a 75 year old professor from Michigan. Me and my academic pals are having a ski trip. I love your place.
Nick
Lovely. So what'd you say back? You write back to the guy.
Jack
I responded that I went to the University of Michigan for Two graduate degrees, Nick. It turns out he did, too. In fact, we worked in the same econ department when I was a TA there.
Nick
It's a match made in platform history.
Jack
Man, this guy hasn't arrived yet. But I love these personal connections I've made as a host on Airbnb.
Nick
And Besties. We've told you that your place is probably perfect for someone else to stay at as well.
Jack
We haven't told you about the wonderful human interactions you can have as an Airbnb host like mine with this 75 year old PhD who loves the Michigan Wolverines as much as I do.
Nick
Yeah, it just feels good knowing that while you're making money, someone else is enjoying your place, too. And you got a connection.
Jack
Hosting on Airbnb can provide you with another income stream and another source of life satisfaction, whether you're a Wolverine or a Buckeye.
Nick
Besties. No joke. Jack's very satisfied.
Jack
Your home might be worth more than you think. Find out how much@airbnb.com host.
Nick
For our first story, Democrats swept on Tuesday, and it's being called the capitalism election because.
Jack
There'S a pattern that explains this election.
Nick
Yeah, there is.
Jack
Last year's election and probably next year's election.
Nick
What is it, Jack?
Jack
The unholy trinity of American unaffordability.
Nick
But, Jack, first let me just read off the names of the big banks to you. We got Goldman Sachs, Morgan Stanley, Zoran, Mundani, Yetis.
Jack
A majority of New Yorkers voted for a Democratic socialist named Zoran Mandani to run the capital of capitalism.
Nick
And it wasn't just New York's election. In Virginia and New Jersey, voters overwhelmingly elected a Democrat in their governor's races.
Jack
And in response to Texas gerrymandering their congressional districts earlier this year, Californians voted Tuesday to do the same.
Nick
Now, interestingly, in each of these elections, predictions markets were correct. Right, Jack?
Jack
Yes, but Democrats won by even wider margins than expected.
Nick
However, it was in New York City's mayoral election that the New York Times.
Jack
Called it the Capitalism election, because capitalism was basically on the ballot.
Nick
I mean, Jack, there's a couple capitalist guys over here. How's capitalism been doing these days?
Jack
Well, Gallup began polling Americans on their opinions of capitalism starting in 2010.
Nick
Okay, and what kind of numbers we.
Jack
Looking at this year? Just 54% of Americans hold a positive view on capitalism. That's down from 60% since 2010.
Nick
Feels like a moment we can't press the Cha Ching button, but besties. This leads to the biggest name among the election. 2025 winners. And that name again. Zoram Hamdani.
Jack
Like Bernie Sanders, Zorin calls himself a democratic socialist. And now he is governing Wall street, literally.
Nick
Now, one key reason for his victory, it's the strategic use of social media.
Jack
The successful use of social media. Zorin has 2.4 million TikTok followers compared to Andrew Cuomo's 17,000.
Nick
That's 150 times more. But the key within that social media strategy was growing his audience with financial humor.
Jack
Yeah, he coined the phrase halalflation.
Nick
Yeah, yeah.
Jack
The food truck express. Something every New Yorker.
Nick
The white sauce used to be free, and now it's not free, basically.
Jack
But now comes the hard part for Zoran, the governing right.
Nick
Because if Zorin wants to raise taxes on New Yorkers earning more than a million dollars and corporations as well, the mayor cannot do that without approval of the state lawmakers.
Jack
He will also need help with his rent promises. He wants rents to come down. That can't happen without the help of private real estate developers.
Nick
Now, New York's financial elite did say that Mamdani's election would result in businesses and the wealthy leaving the city.
Jack
On that note, Bizarrely yesterday, Texas's Governor Greg Abbott said he would impose a 100% tariff on any New Yorkers who want to move to Texas.
Nick
I mean, we're good people. We're good people.
Jack
Yes, you are good people.
Nick
But Florida is doing the opposite in.
Jack
This situation, which, unsurprisingly, they're not just advertising their beaches, they're advertising their 0% corporate and income tax rate to try to get New York businesses to come south.
Nick
So maybe when you add all up, it could have just been a big bluff. Many Wall street leaders right now, like Bill Ackman, have already congratulated Zoran Mamdani.
Jack
After r on him and saying there would be an exodus if he got elected.
Nick
It looks like Wall street may try to work with the mayor instead.
Jack
But we're most interested in the winning political trend of the last three years that Nick and I have noticed, and.
Nick
We got an analogy for it. So, jaggle, what's the takeaway for our buddies who are everyone watching the capitalism election.
Jack
Groceries, rent, and health care. That's the unholy trinity of American unaffordability.
Nick
Yetis, the economy has always been a decisive political issue, but in the last 10 years, it's more specifically focused affordability.
Jack
2024 was the grocery election.
Nick
That's what we called it. Trump won on a promise to lower the price of eggs.
Jack
2025, what just happened? This week was the rent election.
Nick
Zoron. He was laser focused on the rent in New York being too Damn high.
Jack
And 2026. We bet next year's midterm elections will be the health care election.
Nick
We do. Because food, rent, healthcare, they make up 55% of the average American's cost of living. And those are the biggest price pops of the inflation era.
Jack
The price increases of rent, healthcare, and food have been okay.
Nick
Now, Jack, we did say the unholy trinity, but you could say like the four horsemen of unaffordability, too, right?
Jack
Toss Disney plus in there to round it out as four. Cause Disney plus price, they come monthly.
Nick
Yeah, Mickey, why you keep jacking the.
Jack
Price up on us Yetis, Americans are desperate for relief from unaffordability, specifically with groceries, rent, and healthcare.
Nick
And the elections at 2024, 2025, and we think 2026 show that the key to winning elections is focusing on the economy's unholy trinity. For our second story, a wild new trend has emerged.
Jack
Buy.
Nick
Sell recommendations for items in your wardrobe.
Jack
We'll tell you why you should buy Gucci. Sell products. Oh, yeah, and hold your Tory Burch.
Nick
Hold on to it.
Jack
It's all about life, dividends.
Nick
Oh, Yetis, in this economy, the hot new thing. Oh, it is the old things.
Jack
The old stuff. Yeah.
Nick
It's a good stuff.
Jack
Secondhand. It's number one in the fashion age during inflation.
Nick
Yeah, there's no price pop on your grandma's old Prada, is there, Jack?
Jack
That's why stock in Thredup, an online resale Marketplace, are up 400% so far this year.
Nick
And why the real real, another online resale marketplace, announced record earnings back in August.
Jack
There's no tariffs when their supply comes from your closet.
Nick
Perfectly put, Jack, but besties. All the attention lately is not on the financials of these companies. It's actually on the RealReals Resale Trading Report that just dropped on the fashion community.
Jack
Nick and I jumped in T boy style to that report we did.
Nick
And what kind of numbers we looking at in the wardrobe?
Jack
Jack searches for Christian Dior on the RealReal are up 114% this year because.
Nick
Christian Dior just changed their creative director.
Jack
Balenciaga searches are up 310% because their.
Nick
Fashion label just got a new designer. And Loewe vey dresses nailed the pronunciation.
Jack
Jack searches are up nearly 500% on word that their famous designer is leaving the company.
Nick
Jack, call up Jim Cramer. Bottega Veneta handbags are popping like meme stocks these days.
Jack
This luxury label data has led to a fascinating new thing. Yeah, it has secondhand fashion analyst reports.
Nick
And honestly, Jack, considering we used to work in finance, like this makes sense, right? Like luxury clothing, handbags, shoes, they can rise and fall in value on the secondary market.
Jack
Financial analysts give investment advice for stocks, which is a secondary market. Now it's happening for luxury clothing.
Nick
We do it for stocks. Why not for stilettos?
Jack
The Real Girl is a blog that built a portfolio based on this secondary market data.
Nick
Yeah, she has str structured her analysis just like JP Morgan would.
Jack
And her latest report says, buy Gucci, sell Isabel Marant, and hold Tory Burch.
Nick
This isn't investment advice, but it's kind of investment advice. All right, well, how's the analysis work on this fashion stock portfolio, Jack?
Jack
The Real Girl noticed that Tory BURCH Consignments are down 2% on the RealReal. So more people are not selling their.
Nick
Tory Burch items, and therefore, her interpretation.
Jack
People are wearing their Tory Burch instead, which leads to the recommendation, hold your Tory Burch shoes, if you got them.
Nick
In this case, hold means wear them. You know, they're a hot fashion right now, and you want to look on trend.
Jack
Go outside. You'll look fabulous. Apparently, now's the time to wear your Tory Burch.
Nick
Okay, but Jack, on the other hand, searches on the RealReal for Isabel Marant ruffled blouses are up 54%, a signal of high demand.
Jack
And since that style is so specific, it might go out of fashion tomorrow. So if you have that blouse, you should sell it right now.
Nick
Are you selling it, Jack, on the Real Real? Yeah, I'm doing added up in the stock market and the fashion market are both secondary markets, and now we're getting.
Jack
The same level of sophisticated analysis.
Nick
So, Jack, what's the takeaway for our buddies who are everyone pouring through their wardrobes right now?
Jack
Introducing the financial concept of life dividends.
Nick
Now. Yeah, I got to pause the pot here. Jack told me about this concept, and I hugged him when I heard it. All right, we'll explain it. The definition of an asset. First, it's something that you own that promises future economic benefits for stocks, which are an asset.
Jack
Those benefits are someday selling for a gain or receiving a cash dividend.
Nick
Many stocks pay dividends. You know, a small cut of the profits that's sent to each shareholder every quarter or so.
Jack
Okay, so stocks are an asset. What about a luxury Louis Vuitton dress? Those are assets, too, because you might be able to resell that dress for a higher price someday.
Nick
And Jack, while it doesn't pay a cash dividend, on that dress, we would say the dress pays a life dividend.
Jack
You wore that dress on your first date.
Nick
Yeah.
Jack
You wore it to your best friend's wedding.
Nick
Totally.
Jack
Or you wore it on your third anniversary dinner. Besties.
Nick
When you bought it, that was an asset that paid you economic value in the future. Value in the form of life experiences.
Jack
Each of those life moments were like a little cha ching.
Nick
There you go, Jack.
Jack
A little emotional dividend.
Nick
So while some assets in life don't pay a cash dividend like a stock, they do pay a life dividend. And Jack, I love that concept.
Jack
Life dividends.
Nick
Yeah.
Jack
That's what life is all about.
Nick
Now, a quick word from our sponsor. Now a quick break.
Jack
Switching topics to one of our favorite sponsors, Vital Proteins.
Nick
Now, Jack, my mom does not use most of the products we promote. 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 what 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. Netsuite.
Nick
Yeti's new thing, the AI Flex. Acting like you're using AI all the.
Jack
Time, but are you really?
Nick
Yeah.
Jack
What if your competitors use it more than you?
Nick
That's sweet. It's the number one AI cloud ERP trusted by over 43,000 business businesses.
Jack
It's a suite of services that brings your financials, inventory, commerce, hr, CRM into one source of truth. Besties.
Nick
If we needed this product, it's what.
Jack
We would use because it's the ultimate AI Flex.
Nick
And right now, you can get their free business guide demystifying AI@netsuite.com tboy the.
Jack
Guide is free to you at netsuite.com tboy that's netsuite.com tboi.
Nick
For our third and final story, we got one other election for you. Tesla shareholders finish voting today on Elon Musk's $1 trillion pay package.
Jack
Financially speaking, Tesla is a cult. And this vote could determine the fate of its cult leader.
Nick
Now, besties, we all know the biggest bonus in history. You remember that one, Jack?
Jack
We covered it early on the pod.
Nick
Yeah, Alexander the Great, when he took over Babylonia, he gave himself like $100 million, right? Yeah. No, no, no, no, no, no, no. Elon Musk actually is the one who received the biggest bonus in corporate history.
Jack
He received over $50 billion earlier this year for turning Tesla from a small EV company to a massive car company.
Nick
But now Elon is up for the biggest bonus in world history.
Jack
To quote Dr. Evil, $1 trillion.
Nick
Yeah. Get this, best. He's the chairwoman of Tesla's board, who.
Jack
In theory is Elon's boss, but in practice very much isn't.
Nick
Yeah, yeah. She told Bloomberg News why Elon deserves a $1 trillion pay package.
Jack
She said that if Elon doesn't get this pay pack by shareholders today, he will quit the company. Or essentially. Quiet quit.
Nick
After all, Jack, Elon does have Xai, SpaceX, Twitter, Neuralink, and the Boring company, a bunch of other companies that he could be spending his time with.
Jack
So the whole point of this $1 trillion incentive package that Tesla set up is to keep him motivated, quote, unquote.
Nick
Yeah.
Jack
On Tesla.
Nick
And as we explained in our last story on this earlier this year, Elon only gets paid if he makes Tesla shareholders rich.
Jack
So ultimately, this bonus package, it's the ultimate put up or shut up deal.
Nick
So, besties, we gotta vote here. When investors are uncertain about a decision like this, what should you do? Well, you could go back to the.
Jack
Fundamentals, and based on the fundamentals, Elon definitely should not get paid this much.
Nick
Yeah. And there's some examples of this we're seeing like iss, which advises shareholders on how to vote on things like this. They recommended voting no.
Jack
And the Sovereign Wealth Fund of Norway, a huge Tesla investor, publicly stated this week that they already voted no.
Nick
Jack, why are these big investors voting no on Ela's deal?
Jack
Well, they described the bonus as astronomical.
Nick
Yeah.
Jack
Which at a trillion dollars is.
Nick
I mean, you think like a half or even a quarter trillion dollars. Yeah, that'd be pretty good, right?
Jack
I think that should be enough to motivate somebody.
Nick
Yeah. Also, this kind of puts all of Tesla's eggs in the Elon basket.
Jack
And Elon is not the most stable of baskets. I'm pretty sure he wants to go to Mars.
Nick
Yeah. He may not be on this planet in a few years.
Jack
But there are supporters, of course.
Nick
Dan Ives, who manages a popular investment fund, is voting yes on this deal.
Jack
So is Cathie Wood. They both want to give Elon a quote unquote bright green light to move forward with his Tesla master plans.
Nick
And you know what? The truth is though, this isn't really about the money. It's about the power.
Jack
Elon's already the richest person in the world. What he wants is more control of Tesla in the form of more shares of the company.
Nick
It's not about cash, it's about control.
Jack
Oh, and Elon. Yeah, he's taking this vote personally. Which leads to our takeaway.
Nick
So, Jack, what's the takeaway for our buddies who are everyone over at Tesla?
Jack
Tesla is the ultimate story stock and Elon is the only one who can tell the Tesla story.
Nick
Yeah, it's a. It's a story, premium. Yet Tesla's revenues, they're down in the last two years. Profits also down 65% in the same period.
Jack
And yet Tesla stock has doubled over the same period and now sits at an all time high because of a great story.
Nick
That's the story premium. The story is that Tesla is not a car company. It's robotics company with plans to take over the world.
Jack
Robo taxis and humanoid robots. They're going to make Tesla the world's first $10 trillion company.
Nick
But as Elon actually said last month, this is a direct quote. I just don't feel comfortable building a robot army here unless I own 25% of the company.
Jack
Tesla is a cult of personality, and without the cult leader, the stock is going to fall.
Nick
Sebastis. If shareholders want the stock to stay high, they should vote yes and give Elon this record bonus.
Jack
If out of principle you don't think Elon deserves this kind of a bonus, or you just think it's wrong because it's too much money to give one person. The smarter move would be to sell your Tesla stock instead of vote no.
Nick
Because Tesla is the ultimate story stock and Elon is the only storyteller. Jack, could you whip up the takeaways for us for the New Friday, Democrats.
Jack
Swept elections nationwide on Tuesday with a socialist now running the capital of capitalism.
Nick
Rent, food and healthcare. That is the unholy trinity of unaffordability.
Jack
For our second story, the RealReals Resale Shopping Report was actually rich market data.
Nick
Honey, hold the Tory Burch.
Jack
So now we're getting buy and sell recommendations for secondhand luxury besties.
Nick
If you own nice things that you like to use, those are assets and they pay life dividends.
Jack
For our third and final story, Tesla's shareholder meeting is today. We'll learn if they approved Elon's $1 trillion pay package or not.
Nick
We think they will because Tesla's a story st and only Elon can tell that story.
Jack
But besties, this pod's not over yet. Here's what else you need to know today.
Nick
First, the Supreme Court heard arguments today about the lawfulness of President Trump's tariffs.
Jack
Because tariffs are taxes.
Nick
True.
Jack
And Congress controls taxes, not the president.
Nick
So the president's argument is that this is an economic emergency. But the justices, they don't appear to be buying it right now.
Jack
So soon they could rule that Trump's tariffs are illegal legal, meaning the Supreme Court could end the trade war.
Nick
And second, crazy movement yesterday, after hours on Wall street, just like the most insane stock trading we've seen all year.
Jack
First, Snap stock jumped 25% on news of a $400 million deal with Perplexity, the AI company.
Nick
And then doordash said, hold my beer. It dropped 20% on missed earnings and just too much spending on delivery robotics.
Jack
And then Robinhood stock fell despite. Despite doubling their revenues last quarter, driven by predictions markets.
Nick
And finally, the government shutdown's now the longest in history. But it's officially hitting your flight plans.
Jack
The FAA is canceling 10% of flights at 40 major U.S. airports starting Friday.
Nick
Yeah, because the FAA is short staffed. Workers appear to be ubering to make money on the side since they're not getting their usual paychecks.
Jack
So the FAA is reducing flight traffic to try to keep us safe. And I have three flights between Friday and Sunday.
Nick
Jack has more travel this week than in any other period of his Life. You have three flights, like in 24 hours.
Jack
I'm red eyeing back to the east coast on Thursday so you can fly.
Nick
To another part of the east coast.
Jack
So that my family and I can go to New York. Yeah.
Nick
So good luck. Now. Time for the best fact yet. And this one is some special T boy trivia. Because today Jack and I are interviewing the CEO of Lyft.
Jack
His name's David Risher. And get this. Before working at Lyft, David was employee number 35 and employee number 37 at two Epic companies.
Nick
Yes, he was one of the first 50 employees at two giant big tech companies.
Jack
They're both worth a trillion dollars.
Nick
And now he's the CEO of Lyft. So our trivia question. What is it, Jack?
Jack
What are those two companies that David Risher was the first 50 employees at.
Nick
Bonus points if you know why Lyft is the color pink. Yetis, you look fantastic for the new Friday. Jack. All right, we gotta hit the hair and makeup for this interview.
Jack
You ready? This? No, I gotta go to Rad House first.
Nick
I know. So we'll get a pretzel, then we'll.
Jack
Do hair and makeup.
Nick
Besties, drop your questions you got for the CEO of Lift in the comments and Jack and I will see you on tomorrow's pod. And before we go, congratulations to legendary Yetis, Allison and Jordan from Long island and Wyckoff, New York on their one week wedding anniversary. Best week in the books. You look fantastic.
Jack
Happy birthday to Alan vinecourt who's turning 30 in Charlotte, North Carolina. This man is also a brand new uncle Alan.
Nick
And Hannah Diagrazias is turning 21 years old down in Hotlanta, Georgia, interning at the governor's office.
Jack
And happy 26th birthday to Zachary Byer in Tampa, Florida.
Nick
And Spencer Patel. Enjoy that 25th birthday of the mid-20s in Orlando, Florida.
Jack
And happy birthday to Tristan Ross in Fargo, North Dakota. The best movie theater GM in all of the North.
Nick
Action.
Jack
This is Jack. I own stock of Disney and Lyft. And Nick and I both own stock of Robinhood. If you like the best one yet, you can listen ad free right now by joining Wondery 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 survey@wondery.com survey.
Nick
We want to get to know you.
The Best One Yet | Nick & Jack Studios | Nov 6, 2025
Hosts: Jack Crivici-Kramer & Nick Martell
In this fast-paced, pop-business news episode, Nick and Jack break down the day's top three stories:
The show’s signature energy is on full display, blending sharp business analysis with humor and viral culture. Bonus: quirky news like Tom Brady cloning his dog, and a brief spin through notable headlines.
[05:50 - 10:19]
Democrats' Big Wins: Democrats swept the November elections, including New York, Virginia, and New Jersey. Notably, Zoran Mamdani, a self-described democratic socialist, was elected in NYC—the "capital of capitalism."
Why Did They Win?
Capitalism’s Popularity Slides:
Challenges Ahead for Zoran:
Business Response:
Election Trends Analogy:
Memorable Quote (Nick, 09:13):
"Groceries, rent, and health care. That's the unholy trinity of American unaffordability."
Focusing on affordability (food, rent, healthcare) wins elections in today’s climate.
[10:35 - 14:53]
New Financial Flex:
What’s Driving Supply/Demand?
Secondhand Analysts:
Fashion blogs (e.g., The Real Girl) now publish reports akin to Wall Street analysis.
“Hold” = keep/wear, not sell: Tory Burch consignments are down, suggesting owners think their items are still fashionable.
“Sell” = move quickly: Isabel Marant blouses are peaking in searches, but trend is niche/could fade.
Life Dividends – Not Just Financial Returns:
[16:24 - 20:25]
The Vote:
Will He Leave?
Arguments For & Against:
The Premium of the Tesla Story:
“Tesla is the ultimate story stock and Elon is the only one who can tell the Tesla story.”
If you don’t support the size of his package, selling Tesla stock may make more sense than voting no, as the company’s narrative is so tied to Musk.
[01:32 - 02:55]
[21:33 - 22:43]
[23:03 - 23:34]
| Brand | Action | Rationale | |-----------------|-----------|--------------------------------------------------------| | Gucci | Buy | Growing demand, trending upward on the resale market | | Tory Burch | Hold | Owners are wearing, not selling—suggests fashionability| | Isabel Marant | Sell | Demand up for niche piece, but trend may fade soon |
The Best One Yet delivers energetic, topical business news through the lens of what matters most to Americans and the markets right now—affordability, culture shifts, and the power of narrative.
With memorable aphorisms (“life dividends!”), sharp analogies, and signature irreverence, Nick & Jack keep listeners both informed and entertained.
Tune in for tomorrow's episode, listener shout-outs, and the Lyft CEO interview tease!