✈️ “Living Inheritence” — Multigenerational vacations. The Oscars’ YouTubification. Santa Claus’ $11T biz. +Connecticut’s Hallmark boom.

Summary

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Podcast Summary: The Best One Yet

Episode: ✈️ “Living Inheritance” — Multigenerational vacations. The Oscars’ YouTubification. Santa Claus’ $11T biz. +Connecticut’s Hallmark boom.

Hosts: Jack Crivici-Kramer & Nick Martell
Date: December 18, 2025

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Episode Overview

In this lively end-of-year episode, Jack and Nick dive into three big pop-business stories:

1. The “YouTubification” of the Oscars and the battle for the living room TV.
2. The rise of multigenerational family vacations as a “living inheritance” phenomenon.
3. Their now-traditional, tongue-in-cheek analysis of Santa Claus as a business empire.

A festive mood, witty banter, and quick stats keep this episode engaging and snappy, perfect for listeners wanting to stay business-savvy while getting into the holiday spirit.

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Fun Holiday Kicker: Connecticut—The True Capital of Christmas Flicks

[01:38 – 02:44]

• Connecticut, not Hollywood or New York, is the top filming state for Hallmark holiday movies.
• 22 holiday films have been shot there, turning the state into a destination for Christmas movie fans with a 300-mile Hallmark Movie Trail.
• Memorable quote:
  • “Connecticut’s GDP is Hallmark’s movie box office, baby.” – Jack [02:33]

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1. The YouTubification of The Oscars & The Battle for TV

[04:58 – 09:04]

Key Points

• YouTube Secures the Oscars: Starting in 2029, the Oscars will air on YouTube, ending 50+ years on ABC.
• Big Tech Goes All-In on TV: Instagram launches a Reels app for smart TVs, Pinterest acquires TV tech, LG partners with Microsoft to bring AI to TV, and Netflix makes exclusive podcast video grabs.
• Why the TV Is the New Goldmine:
  • Smart TVs now replicate app experiences from phones, drawing more viewers (and dollars) back to the big screen.
  • 12% of all TV viewing time in the US is spent on YouTube.
  • 33% of podcast listeners now prefer YouTube.
• Media Wars: Netflix moves key Barstool podcasts exclusively to their platform to compete with YouTube’s dominance.
• Advertising Dynamics:
  • TV: “Prestige” ads (e.g., Jeeps driving over boulders); bigger budgets.
  • Mobile: Performance ads (“Use promo code TBOY for 20% off!”).

Notable Quotes

• “YouTube is number one in television, number one in podcasts. You know who hates that? Netflix.” – Nick [07:19]
• “Phones get the performance ads... but TV screens still get the prestige ads, the highly produced ones.” – Jack [08:46]
• “Why is everything becoming TV? Because that’s where the money is.” – Nick, quoting bank robber Willie Sutton [08:01]

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2. Multigenerational Vacations & The “Living Inheritance”

[09:04 – 13:42]

Key Points

• Trend: Multigenerational (“cousins”) vacations are booming—grandparents, parents, and kids traveling together.
• Who’s Paying? Grandparents (Boomers), flush with assets, are pre-spending inheritances to create family experiences.
• Statistics:
  • 57% of parents plan a multi-gen trip this year (up from 55% two years ago).
  • Extended family travel at an all-time high (+7% in two years).
• Drivers:
  • Airbnb and VRBO make group trips easier with entire homes.
  • High luxury travel demand—US luxury hotel average daily rate: $398; top-tier: $1,500.
• Pop Culture Tie-in:
  • “Home Alone” is the original cousins’ vacation movie [12:09].
• Financial Insight:
  • “Living inheritance” is inheritance delivered early, as shared experiences rather than after death.

Notable Quotes

• “A whole century of bloodline, all on the same cruise line.” – Nick [10:31]
• “If you’re old and have money, spend it on your kids right now.” – Jack [13:37]
• “It’s an opportunity for families to build bonds that leave a legacy that outlasts their money.” – Jack [13:20]

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3. Claus Industries — The $11 Trillion Santa Business

[14:03 – 18:47]

Key Points

• Santa as a Business:
  • Claus Industries is a highly seasonal, single-day-per-year operation (Dec 25th).
  • Monopoly powered by “magic.”
• Santa’s Market Size Calculations:
  • 2 billion children (25% of global population under 14).
  • $10 per gift = $20B in annual “sales” (theoretically).
  • With year-round operation: $7T revenue annually, 11 times Walmart.
• Profit Margin (if like Hasbro): $511B/year; 5x Apple’s profits.
• Labor Model: Elves reportedly compensated with “gumdrops, candy canes, syrup and 360 days off.” [17:14]
• Naughty List Effect: “Negligible impact” on total output. [16:40]
• Modern Santa: “On Ozempic, only drinking skim milk now.” [17:25]

Notable Quotes

• “If Santa could scale his magic, he’d be 11 times bigger than Walmart.” – Jack [17:38]
• “There you have it. If Santa could scale magic, Claws Industries would be 11 Walmarts in size, and Santa would be five times as profitable as Apple.” – Nick [18:27]
• “No reindeer were harmed in the making of this podcast.” – Jack [18:57]

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Rapid-Fire Biz News & Festive Nuggets

[22:03 – 23:24]

• Paramount and Netflix compete to acquire Warner Bros.
• Epic VC Raises: Waymo (robo-taxis) and OpenAI (partnering with Amazon) seek multi-billion dollar rounds.
• Ralph Lauren Christmas décor searches are surging (wrapping paper: +1,300%, Christmas table: +4,000%).

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The Best Fact Yet: The Month of Steak

[23:40 – 24:15]

• December is the biggest month for steak sales; Omaha Steaks sells a steak every 2.7 seconds.

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Takeaways Recap

[21:20 – 21:58]

1. YouTube wins the Oscars:
   • Every major media company is refocusing on TV, not phones.
2. Cousins’ Vacation/Living Inheritance:
   • Multigenerational trips are the new hand-me-down; memories now, not just future money.
3. Santa is an $11T annual business—if magic could scale.
   • Claus Industries would dwarf Walmart and Apple, if Christmas happened every day.

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Memorable Moments & Closing Tone

• Playful Imagery:

  • “The bigger the room block, the lower the argument risk.” – Nick [12:00]
  • “Santa’s on Ozempic, so he’s only drinking skim milk this year.” – Jack [17:25]
  • “It turns out the naughty factor is actually very negligible.” – Nick [16:40]

• Signature Outro:

  • “HYHY Tboy this holiday!” (Have you had your Tboy)—friendly send-off and birthday shoutouts to listeners.

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Timeline of Key Segments

| Time | Segment | |-----------|----------------------------------------------------------| | 00:38 | Connecticut’s Hallmark Movie Capital trivia | | 04:58 | The YouTubification of TV and podcast migration | | 09:04 | Rise of the multigenerational “cousins vacation” | | 14:03 | Claus Industries: Santa as business | | 21:20 | Takeaways Recap | | 23:40 | “Best Fact Yet”—December is the steak month | | 24:35+ | Friendly listener shoutouts and episode wrap-up |

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Stay tuned for special upcoming episodes:

• Interview with Savannah Bananas founders
• 2025 Year in Review
• Hosts’ TV appearance on CNN
• Stock resolutions and business predictions for 2026

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In the words of Nick and Jack: “If you know, you know. And that’s why this is the best one yet.”

Transcript

[A]

This is Nick, this is Jack.

[B]

It is Thursday, the new Friday, December 18th. And today's pod is the best one yet. Out of all the pods, this is the best one yet.

[A]

The top three pop business news stories you need to know today.

[B]

But Jack, since it's officially circle back season, why don't you whip up the calendar for us over there, Let the yetis know what we're up to.

[A]

Well, this is our last regular show.

[B]

Yes.

[A]

Tomorrow we're publishing the full interview with the founders of the Savannah Bananas.

[B]

And then on Monday, we're publishing our annual year in review 2025 episode.

[A]

Monday after surprise surprise, because Nick and I were on tv. And we're putting that interview right here for you.

[B]

You want to share the channel? Do you want to share the channel?

[A]

Cnn.

[B]

And then the first Monday in January, we've got our famous predictions pod, our three business wishes for the new year.

[A]

And we're also picking our two stocks of the year, or as Nick calls them, our stock market resolutions.

[B]

So we'll circle back on all that in 2026. But in the meantime, Jack, we got three fantastic stories for today's T boy. What do we got on the pod.

[A]

For our first story? And the Oscar goes to YouTube.

[B]

YouTube.

[A]

YouTube has taken the TV rights for.

[B]

The Oscars because the biggest battle in business right now is your living room tv.

[A]

For our second story, boomers are spending your inheritance on your vacation.

[B]

The wildest vacation trend of the year is multi generational travel. Grandparents, parents and kids, they're all on one big trip.

[A]

And our third and final story. It's an annual T boy tradition. We're breaking down the business of Santa Claus.

[B]

Get this. Claws Industries is actually an $11 trillion company.

[A]

But Yetis, before we hit that, wonder.

[B]

What a mix of stories to end the year on, Jack. Best mix of the year.

[A]

I gotta say it. Trivia. Yes. What is the number one state where Hallmark movies are filmed?

[B]

Hint. It ain't Hollywood, it ain't New York, and it ain't la la land either. Is it, Jack?

[A]

It's Connecticut. It turns out Connecticut is the capital of Christmas movies.

[B]

Connecticut is the filming location for 22 holiday flicks. According to the Connecticut tourism office, Hallmark.

[A]

Netflix and lifetime have filmed 22 different Christmas movies in the nutmeg state.

[B]

Or is it the constitution state?

[A]

I think it's actually.

[B]

It's the pop collar state, Yetis. In fact, there's even now a trail across the state of Connecticut to see all 22 film sets.

[A]

The 300 mile Hallmark movie trail of Connecticut.

[B]

It's a bit of a stretch. Connecticut tourism office. But we'll round up on this one.

[A]

From Waterbury to Danbury, Hartford to West Hartford, New Canaan to Old Canaan.

[B]

Mrs. Claus and her filming crew, Jack, they're gonna need a second home down in Greenwich.

[A]

Who said Connecticut only produces I bankers lacks players and cable knit sweaters Because.

[B]

Connecticut's GDP is Hallmark's movie box office, baby.

[A]

By the way, the famous of those 22 movies.

[B]

Yeah, Jack.

[A]

Not really famous at all, unfortunately. We see you, Mystic Christmas.

[B]

Yeah, we see you. Two thumbs up, Jack. Let's hit our three stories.

[C]

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 annoying. Jack. Nick, that's it. I don't even think they need to practice. 50%. 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.

[B]

Start the show, Start the show.

[A]

Start the show.

[B]

First, a quick word from our sponsor.

[A]

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

[B]

One of the 3T boy team goals next year is to grow huge on YouTube.

[A]

YouTube means video. Video means people looking at us. That means we gotta look good, Nick.

[B]

Look at this skin glowing.

[A]

Jack.

[B]

Look at that hair shining over there. It's thanks to vital proteins, which we to our morning drinks every day for.

[A]

Healthy hair, skin, nails, bones and joint health. If you're watching right now, check out these dimples. It's vital proteins.

[B]

So go to vitalproteins.com to learn more and where to buy.

[A]

Get 20% off your next order by entering promo code T Boy at checkout for the holidays. I'm hosting people every single weekend and I don't know any of them.

[B]

What is wrong with you, Nick?

[A]

They're actually paid customers. I'm hosting them at my chalet using Airbnb. I actually have two bookings lined up while I'm away bringing in really good money for the holidays.

[B]

Oh, okay, I got it. Yeti Jack's been an Airbnb host for the last couple of years. He's got a better rating than Santa.

[A]

I'll be at home for Christmas under the Christmas tree. But the day after, I'm heading south to visit the family. And while I'm gone, I'm hosting guests on Airbnb.

[B]

And with the revenue generated on Airbnb, Jack, you're probably booking massages for you.

[A]

And Alex, it's an entire little side business. I have an income statement, Nick. It offsets my cost of travel and ensures I'm getting the most of the assets I own.

[B]

It's a write off.

[A]

All of my guests have been super respectful. Not only do I have a 5 star rating, I have given my guests 5 stars too.

[B]

So besties, treat yourself with the trip and treat someone else with a stay.

[A]

Your home might be worth more than you think. Find out how [e-mail] host.

[B]

For our first story, everything is becoming TV. Netflix, YouTube, Instagram, Barstool Sports, podcasts. They all announced TV deals just this week.

[A]

Cable is dying. IPhones are more alive than ever. But the living room TV is more powerful than them all.

[B]

Mo Yetis. What two letter abbreviation is buzzier these days? What do you think, Jack? Is it AI or is it tv?

[A]

Might be tv. It might be tv because here's the news. Instagram is launching a reels app for televisions. TikTok style vertical videos on the big horizontal screen.

[B]

You can watch Jack's 42 step get ready with me on a TV. These days instead of your ph.

[A]

The Instagram TV app is only available on Amazon Fire TV right now. But soon it will come to Apple TV, Roku, and all the other smart TVs.

[B]

And since it's Marky Mark Zuckerberg behind this, we know Zuck's playbook.

[A]

He's gonna order the team to copy and paste YouTube's TV app. Basically, he's gonna zuck YouTube.

[B]

Speaking of YouTube, Jack, our buddies over at YouTube just got the TV rights to the Oscars starting in 2029.

[A]

After 50 years of being on ABC, the Academy Awards will be free to watch on YouTube for the whole world in just a couple years.

[B]

And the Oscar goes to. Well, it goes to YouTube actually, in this case.

[A]

But Nick, that's not it. With TV headlines. Pinterest acquired a TV tech company this week and LG signed a deal with Microsoft to bring AI to your television.

[B]

Besties added all up and despite the slow death of cable, TV is getting more action than that scene in heated.

[A]

Rivalry than every scene in heated rivalry.

[B]

Apparently iPhones get all the attention, but the most valuable real estate in business right now, that is your living room tv.

[A]

But an even bigger TV shift is happening and it's close to home. Yeah, because it's happening in podcasts.

[B]

Get this. Barstool Sports and iHeartMedia are joining Netflix for TV.

[A]

Now, you might not realize this yetis, but YouTube is both the number one podcast platform in the country and the number one TV platform.

[B]

Get this. 12% of all time spent on America's televisions is spent watching YouTube videos.

[A]

And 33% of podcast listeners say that YouTube is their preferred platform. In fact, we just hired a guy to help us win on YouTube.

[B]

We just hired a dude who just does YouTube.

[A]

So add it all up. YouTube is number one in television, number one in podcasts. You know who hates that?

[B]

Who hates it, Jack?

[A]

Netflix.

[B]

That's right. Which is why Netflix just got three top Barstool podcasts to close their YouTubes and bring their videos exclusively to Netflix next year.

[A]

You can still listen to the audio of these barstool shows anywhere. But video you can only watch on Netflix, not on YouTube starting next year.

[B]

Plus, Netflix is doing the same thing with 16 Spotify and 14 iHeartRadio pods. They're promoting them to the living room.

[A]

TV, YouTube and Netflix. They're the Goliath and Goliath of the media industry right now. And they're fighting, ironically, for the David Chang podcast.

[B]

So, Jack, what's the takeaway for our buddies staring at the living room tv?

[A]

Why is everything becoming tv? Because, to quote a famous bank robber, that's where the money is. Yeah, yeah.

[B]

It's like that's where the money is. You see, Yetis, with the rise of smartphones, it looked like the big screen TV was going to go in the dump someday.

[A]

After all, the typical American now spends five hours a day on their phone.

[B]

Like you are right now listening to us.

[A]

But the rise of smart TVs, which have the same apps as phones, have actually saved the living room tv.

[B]

And because of advertising, there's simply more money to be made on a big TV screen than a small mobile one.

[A]

According to IAB, advertising on smart TVs and streaming networks are growing faster than advertising on social media.

[B]

Yeah, big horizontal living room screens are where Mad Men and legacy ad agencies learn to sell in the first place.

[A]

Phones get the performance ads. The ones with promo codes use t.

[B]

Boy for 20% off.

[A]

But TV screens still get the prestige ads, the highly produced ones.

[B]

Ah, Jack. The ones with the jeeps driving over the boulders.

[A]

Exactly. So why is everything becoming tv? Because that's still where the money is.

[B]

That's where the money is. For our second story, the hottest travel trend right now is being paid for by grandparents.

[A]

Multi generational travel reveals a new money concept that we call the living inheritance.

[B]

Yetis, odds are, statistically speaking, there is a decent chance you are packing your bags this weekend to travel somewhere for the holidays.

[A]

The travel industry is living its best life right now.

[B]

It's looking good out there.

[A]

Post pandemic people are still paying a premium to go to Paris in hospitality.

[B]

The US has defied a drop off in foreign tourists and defied a job slump of white collar workers.

[A]

Despite the scare of AI, you're still flying to bvi.

[B]

The average daily room rate in the United States luxury hotels right now. What is it Jack?

[A]

A record high $398.

[B]

Yeah. To sprinkle on some context, that is 22 sweet green salads for one night.

[A]

At a hotel down in New York City. Montaj, the Amman. These ultra luxury hotels, their average room rate is $1,500 right now.

[B]

At these prices, the Four Seasons is adding a fifth season.

[A]

Or at least they should.

[B]

Yeah, they should.

[A]

But the surprise is who's paying for the current travel boom that's sweeping America right now?

[B]

It's your Nana.

[A]

It's your grandparents.

[B]

Besties. Forget dinkations and bachelorette trips. The cornerstone of the hospitality industry right now is multi generational grandparents, parents and the kids.

[A]

A whole century of bloodline all on the same cruise line.

[B]

Yeah, and Jack and I call this trend the cousins vacations.

[A]

Full disclosure, four years in a row, from my 9th birthday to like my 13th, my nana paid from all three of my brothers and me, plus my cousins, plus my parents and my aunt and uncle to all go to the Caribbean together.

[B]

We're still trying to figure out where Jack's Nana's getting all this dough from. Exactly. Is she in Vegas these days? How's she doing?

[A]

Well, let me just say, no pressure, mom and Maria, but if, if you're listening, you gotta follow Nana's track record here.

[B]

Apparently Nana bought Nvidia at $2. But yetis get this, 57% of parents are planning to do a trip this year with grandparents and their own kids.

[A]

Just like I had when I was a kid. And that's up by 2 percentage points from two years ago.

[B]

Oh, you want more evidence? Extended family vacations, which is Travel Weekly's term for cousins vacations are up 7 percentage points from just two years ago to an all time high now.

[A]

One reason 57% of US parents are planning to take a multi generational trip this year is the proliferation of Airbnb and vrbo.

[B]

They just make group travel easier when you can get the whole house.

[A]

But cousins vacations are a big profit puppy for hotels too.

[B]

That's right. Cause according to the Wall Street Journal, you don't just want the two bedroom suite On a cousin's vacation, you want the villa, you want the yacht, you.

[A]

And your husband get a king room, the kids get a double queen room and the parents get the penthouse because they're paying for it all.

[B]

Yeah, and your sister in law definitely needs some space these days.

[A]

The bigger the room block, the lower the argument risk, Nick.

[B]

Exactly. But Jack, really, to sprinkle on more context, where have we seen this cousins vacation concept before?

[A]

In 1990. Yeah, the McAllister family. The whole plot of Home Alone 1 is a cousin's vacation.

[B]

Except today grandpa's rent in the estate for 12 of you over in Tuscany. And no one gets left behind. Come on. Oh, by the way, the plot of White Lotus Season 4, probably gonna have a multi generational subplot. I don't know about that.

[A]

It tends to be a no kids affair at these days.

[B]

It's a profit puppy. So Jack, what' to take away for our buddies over in the multi generational cousins vacation?

[A]

Our new favorite financial term is the living inheritance.

[B]

Yetis the key detail here who's paying the hotel tab? Because typically it's the grandparents.

[A]

Grandparents have likely accumulated a life worth of assets.

[B]

The car, the house, the watch.

[A]

And now they're cashing in on experiences.

[B]

Typically they would give away that inheritance after death in the form of stocks, bonds and real estate.

[A]

But instead, instead more and more grandparents are giving away their money earlier to their family in the form of experiential bonding. Basically paid vacations.

[B]

Exactly. And now besties. We've talked about the silver tsunami before. The record handover of wealth from boomers that is coming.

[A]

Well, a new alternative to that money tsunami is the multi generational vacation.

[B]

It's an opportunity for families to build bonds that leave a legacy that outlasts their money.

[A]

And it lets us millennials enjoy our parents wealth while we're still young and the whole family gets to, you know, enjoy core memories in the Caribbean. Thank you, Nana.

[B]

Jack's not going on a podium here, but it's not a bad idea.

[A]

I think it's a brilliant idea. If you're old and have money, spend it on your kids right now.

[B]

But yetis, let us know what you think of the cousins vacations trends. We're about to go to an ad break so drop your thoughts in the comments. Now a quick word from our sponsor, Yetis. Welcome back. Our final story. It's a T boy annual tradition. Our analysis of the business of Santa Claus.

[A]

It was a hard year for St. Nick. He had to deal with toy tariffs and trade wars and Customs and border control. But you know what? He came out on top. So let's hit it.

[B]

All right, Yetis, for our third and final story today, we're actually gonna do something special. A little tradition, if you will. Last year, we did a deep dive on Santa's business. And you guys loved it so much, we're like, we gotta do this again.

[A]

It was our favorite story. It was the last story of last year. So it's gonna be the last story of this year. Annual tradition, baby.

[B]

Let's hit it, Jack. For our third and final story. With the holidays coming up, Jack and I are looking at the business of Santa Claus, or as he calls it, Claus Industries.

[A]

When your competitive advantage is magic, you have a monopoly.

[B]

Yet ease twas two weeks before Christmas, and all through the condo, all the.

[A]

T boys were stirring.

[B]

Even the Ford Bronco. So Jack and I are jumping in t boy style to the big man in red's business model.

[A]

We're jumping in t boy style to.

[B]

Santa Inc. Or as it's registered legally in Wilmington, Delaware, Claws Industries. Right, Jack? What did we learn about Claws Industries?

[A]

It's a highly seasonal business. All their sales happen on one day every year.

[B]

Santa's business is like spirit Halloween or the turkey industry. Right, Jack?

[A]

But its sales are even more concentrated on December 25th. Only that's the only day they're open for business.

[B]

Now, Yetis, Jack and I, by complete chance, fortunately got the annual report from Claus Industries.

[A]

Ticker symbol. Nice. It's traded on the North Pole Stock Exchange.

[B]

And here is the key competitive advantage to Santa Claus's very own international business.

[A]

It's the supply chain. Santa's supply chain is more important than any other company we've ever covered.

[B]

And this supply chain happens to also be highly concentrated. It's based exactly at the North Pole.

[A]

Yeah, they have a massive workforce of elves who build toys in one giant, wonderful factory.

[B]

Now, we should point out that Father Christmas has never shared sales figures publicly. But Jack and I whipped out the whiteboard for this one.

[A]

Yeah, we calculated the sales. The annual revenues of Claus Industries, it.

[B]

Turns out yet is that 36 countries do not observe Christmas as a public holiday.

[A]

But Santa doesn't check passports, so we're going to assume he delivers to all children worldwide.

[B]

So, Jack, if that's the case, then what's the market size for Santa's business business?

[A]

Well, 25 of the world's population is under 14 years old.

[B]

That would be 2 billion customers.

[A]

And we'll assume that Santa delivers one gift to each child worldwide.

[B]

But Jack, we do have to adjust for the naughty factor, don't we?

[A]

But the data shows that those numbers are. Are negligible.

[B]

Yeah, it turns out the naughty factor is actually very negligible.

[A]

So, yetis, if each gift cost $10 for 2 billion children worldwide, then that.

[B]

Would be $20 billion in sales for Claws Industries all in one day.

[A]

Now, we should point out Santa the price with a 100% discount, bringing down revenue substantially for Claws Industries.

[B]

It's basically a buy one, get that same one free policy, Jack.

[A]

Yeah, and there's also a labor risk this company faces, right?

[B]

Like, Jack, what if the elves go on strike? Like that's kind of a problem, right?

[A]

I think they're relatively content besties, Jack.

[B]

And I checked with the elf union spokesperson and apparently they're paid a living wage of gumdrops and candy canes, so.

[A]

And all the syrup they want and.

[B]

They get 360 days of vacation. Oh, by the way.

[A]

Way this year, don't leave cookies for Santa.

[B]

Yeah, Santa's on Ozempic, so he's only drinking skim milk this year. Maybe some mule milk. So, Jack, what's the takeaway for all our buddies who won't stock in Claws Industries?

[A]

If Santa could scale his magic, he'd be 11 times bigger than Walmart.

[B]

Alright, yetis, follow us on the numbers here. $20 billion of sales in one day, Jack. Can we extrapolate Santa's revenues for the entire year?

[A]

If Christmas were every day, which was my dream every night as a child.

[B]

It was my dream. I'll take it. Let's run with it, Jack.

[A]

Then Claws industries would generate $7 trillion of revenue each year.

[B]

$7 trillion in revenue. Jack, could you sprinkle on some context for us, please?

[A]

Over there. That's 11 times Walmart's annual revenue.

[B]

Yet he's assuming Claus the toy company makes the same profit margins as Hasbro the toy company.

[A]

Then they'd make $511 billion in profits every year.

[B]

Sit down. Stand up and sit on our Yetis. That is five times as much profit as Apple.

[A]

There you have it. If Santa could scale magic, Claws industries would be 11 Walmarts in size.

[B]

And Santa would be five times as profitable as Apple.

[A]

Now, at the very least, Santa, can you launch a second Christmas in July.

[B]

I mean, if Amazon prime can do it, so can't Claws Industries.

[A]

Not even good King Wenceslaus could complain about that.

[B]

And that is the annual report on Claws Industries.

[A]

St. Nick LLC. A registered, certified B corporation.

[B]

Gifts limited to nice children. Gift policy does not apply. To children. Naughty. For more than 183 days a year.

[A]

No reindeer were harmed in the making of this podcast. This show is brought to you by BetterHelp.

[B]

You know, Yeti's in my family. We go around the table and we vent about which stock we all wish we'd bought last year.

[A]

Nick and my family, we play flag football, and the losing team has to wear a suit to dinner.

[B]

Okay. One more tradition we have over the holidays, Jack. A therapy session. I do the week between Christmas and New Year's.

[A]

The holidays can be great or they can be stressful. Yeah, you're looking forward to next year. Again, that can be great. Or they can cause anxiety.

[B]

So incorporating therapy into the holidays can make them a lot more joyful.

[A]

BetterHelp is a network of 30,000 therapists, the world's largest online therapy platform.

[B]

And those therapists have an average rating of 4.9 out of 5 with 1.7 million reviews.

[A]

Tell your therapist what you're anxious about heading into these holidays is getting it out. There will be a huge weight lifted off your shoulders.

[B]

So if you start therapy this holiday, you can support the show by starting it with better help and using the code below.

[A]

This December, start a new tradition by taking care of you.

[B]

Our listeners get 10% [e-mail] tboy that's better.

[A]

H E L p.com t boy, audible.

[B]

Yetis I just listened to a wild audiobook on my flight back to New York. Here's what it's called. Gods of New York.

[A]

It's about four men, the four men who ruled New York City the year that you were born.

[B]

Nick, I gotta give my parents credit. Check. New York in 1988 was insane. It was like mob bosses, gang fights, and all these subway cars covered in graffiti. It's like seeing how the city was run when my mom was, like, pregnant with me. I'm blown away by this whole new imagination.

[A]

Now I listen to Audible all the time. Whenever I need a break from news podcasts, I escape to an audiobook and simply push play wherever I left off.

[B]

Because Audible has an incredible selection of over a million audiobooks, podcasts, and audio originals all in one easy app.

[A]

Explore best sellers, new releases, or find a wild story that takes you back to the year that your mom gave birth to you.

[B]

Yeah, last night while I was doing the dishes, Jack, I listened to a story about the abysmal late 1980s New York Yankees.

[A]

Yeah, I feel bad for your dad. At least the Giants were winning back then. Besties.

[B]

There is more to imagine when you.

[A]

Listen, sign up for a free 30 day audible trial. And your first audiobook is free, so visit audible.com tboy.

[B]

Jack, could you whip up the takeaways for us for the.

[A]

New Friday, YouTube won the Oscars.

[B]

Congrats.

[A]

Because every tech and media company is pivoting from your phone to your living room tv.

[B]

Why is everything becoming tv? To quote that bank robber? Because that's where the money is.

[A]

For our second story, it's the cousins vacation. 57% of parents plan multi generational trips this coming year. Grandparents, parents and kids treating your kids.

[B]

To vacation with the whole fam. That's called the living inheritance.

[A]

And our third and final story is Claus Industries. They could do $11 trillion this year in revenue in one night.

[B]

With a T. With a T. But.

[A]

Instead they did zero in revenue and.

[B]

A partridge in a pear tree.

[A]

But besties, this pod's not over yet. Here's what else you need to know today.

[B]

First, update on Netflix. Warner Brothers board formally rejected Paramount's acquisition offer of company.

[A]

Warner Brothers doesn't believe that Larry Ellison has the money to pay for his son's big acquisition splurge.

[B]

And they don't believe Ellison's connections to Trump will help get the deal approved.

[A]

They think Netflix's deal is better, but it's actually not the board's decision to make, is it, Nick?

[B]

It's Warner Brothers shareholders who will vote to decide whether they sell to Netflix or sell to Paramount.

[A]

Second, Venture Capital is giving out gifts right before the holidays. Epic fundraisers actually.

[B]

Well, the first is Waymo, who's in talks to raise 15 billion bucks for the robo taxi business.

[A]

And the second is OpenAI, which is in talks with Amazon to raise $10 billion at a 500 billion valuation.

[B]

It's the slowest time of the year for deals because all the VCs are already skiing in St. Moritz. But already potentially two of the biggest deals of the year.

[A]

And finally to everyone going to a Ralph Lauren themed Christmas party this weekend. We see you.

[B]

It's hard not to miss you because Ralph Lauren is the official apparel company of the Winter Olympics and the unofficial apparel company of your Christmas morning.

[A]

Now Pinterest searches for Ralph Lauren Christmas wrapping are up 1,300% this year for.

[B]

Ralph Lauren Christmas tree searches are up 3,000%.

[A]

And Ralph Lauren Christmas table are up 4,000%.

[B]

Ralph Lauren stock's at an all time high and so are the garland vibes. You gonna wear that red ribbon to.

[A]

Your holiday party, Jack, with a green sweater? Yes, I am.

[B]

Good Move, Alex. Now time for the best fact yet. This one set in by legendary Eddie John Dudden from lovely Yellowstone, Montana Trivia.

[A]

Nick, what's the biggest month of the year for consuming steak?

[B]

Oh, hey, it is. What is it? What is it, Jack?

[A]

December. December.

[B]

Get. Omaha Steaks sells a steak every 2.7 seconds this month.

[A]

That's faster than a cowboy can eat a hamburger.

[B]

Okay. In fact, Omaha Steaks does 45% of their beef sales business between Thanksgiving and New Year's Eve.

[A]

Holiday parties, celebratory dinners going out with a filet mignon.

[B]

Yeah, basically steaks are a write off right now. So like beef prices are at all time highs, but apparently so is demand for beef.

[A]

I remember the who's in Whoville. They had roast beast for their Christmas feast.

[B]

Yes, Jack, I think that beast was beef. Beef indeed. Beef indeed. A roast beast meal for all in need. Yetis, you look fantastic out there. Jack, as we are getting into the final days of the dreidel rally, can you tell us what is the schedule for the T boy holiday? What do we got on the docket?

[A]

Well, rule number one of the dreidel rally is don't mention the dreidel rally.

[B]

I forgot, I forgot, I forgot.

[A]

Tomorrow we have the full episode with the co founders of the Savannah Bananas.

[B]

That's great.

[A]

On the Monday after that, before Christmas, we have our year in review 2025 episode. Fantastic. And the Monday after that, our guest interview on CNN talking about 2026.

[B]

And then Jack, to kick off the new year, our best pod of 2026, what do we got?

[A]

Our three big business wishes which includes our stock resolutions.

[B]

So Yeti's hyh tboy this holiday and.

[A]

Nick and I will see you tomorrow.

[B]

If you know, you know. And before we go, a happy birthday to yeti Felix Delgado over in Warwick, New York, everyday listener. And the best one yet.

[A]

Happy birthday to Sebastian Olmo in Mokona, Illinois doing logistics.

[B]

And Dana Allen down in Rockville Center, Long island has got a new job in finance. And the best birthday yet.

[A]

Happy 50th, 56th birthday to Chris Jones in Bixby, Oklahoma, a proud father of four.

[B]

And Nick Copperu down in Chicago, Illinois is doing logistics for the big birthday bash.

[A]

Happy birthday to Kyan Kalyankar who's turning 11 in Cary, North Carolina.

[B]

And Valerie Tsang also in Cary, North Carolina has got a fantastic birthday on the docket.

[A]

Happy birthday to Whitney in San Antonio, Texas.

[B]

And a happy ninth birthday to Yeti Rearrathi. And fantastic Ann Arbor, Michigan.

[A]

And a Big shout out to Nick and Alexa Marino. You thank in San Francisco who just had a new baby boy, C.J.

[B]

Little Max already teaching little C.J. how to cross check.

[A]

Congratulations to Erica Warner in Ann Arbor, Michigan, who finished her first semester of law school. Go blue.

[B]

And Leah Dori also just finished a law school semester over in Boulder.

[A]

Congratulations to Michelle Ahn, who got into the MBA program at Wharton. She's from Seoul, South Korea, and is soon gonna be a fellow alum of Nick's.

[B]

Michelle, you're gonna have a blast. And lean Al Ismael down in Katy, Texas, just graduated from the College of Fashion Merchandising. You're gonna see her on the Runway.

[A]

This is Jack. I own stock of Netflix. Nick and I both own stock of Apple and Spotify. 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.

[B]

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

[A]

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

[B]

We want to get to know you.