🦿 “Self-Running Sneaks” — Nike’s moonshot merch. Carbone’s AI restaurant. The Scariest Stock Chart. +H’ween Biz Costumes

Summary

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The Best One Yet

Episode: 🦿 “Self-Running Sneaks” — Nike’s moonshot merch. Carbone’s AI restaurant. The Scariest Stock Chart. +H’ween Biz Costumes
Date: October 27, 2025
Hosts: Jack Crivici-Kramer & Nick Martell

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Episode Overview

Jack and Nick deliver their signature, witty breakdown of the top three pop business stories of the day, weaving in Halloween costume humor and the latest buzz in business innovation. This episode is packed with fresh takes on Nike’s moonshot products, Carbone’s AI-powered hospitality leap, and a “scary” chart about AI and the labor market—plus a parade of business costume ideas for Halloween.

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Key Stories & Segment Timestamps

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1. Nike’s “Self-Running Sneaks” & Moonshot Merch

[06:02–10:33]

Main Points

• Nike goes full “skunk works,” unveiling three futuristic products in one week:

  • Inflatable Winter Coat: Regulates body temp via inflation/deflation, to be worn by American athletes in the 2026 Winter Olympics.
    • “Honestly, it’s like a coat designed by a pufferfish.” (Nick, 06:48)
  • Neuro-science Based Sneakers: 22 nodes on the sole stimulate pressure points, sending signals to the brain to keep you mentally zoned during athletics.
    • “A sneaker that acts as your therapist while you’re on a run.” (Nick, 07:28)
  • Project Amplify: Battery-Powered Shoe System: An internal motor assists leg movement, providing literal propulsion.
    • “It’s an E-bike, but for sneakers.” (Jack, 07:53)

• Context: After years of stagnant innovation under the last CEO—who stepped down after Nike’s stock lost 60% (or $100 billion)—Nike’s massive R&D surge signals renewed ambition.

  • “Nike’s PR team was running around so much last week, I think they OD’d on Gatorade in the office.” (Jack, 06:25)
  • “Nike has spent more money on R&D than Allbirds the company is even worth.” (Nick, 09:11)

• Takeaway:

  • NASA, Google (“moonshot factory”), and Tesla have all used audacious innovation to spark progress; Nike is now following suit for sports apparel.
  • “These E-sneakers that talk to your brain… even if the people at Nike only get half that far, it’s still further than the competition has gone.” (Nick, 10:27)

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2. Carbone’s AI Restaurant & the Era of “Targeted Hospitality”

[10:33–15:03]

Main Points

• Carbone (elite restaurant chain) invests $10 million in Magic AI startup, founded by Maggie Tang, ex-line cook at Eleven Madison and Wharton grad.

  • Magic’s AI learns about diners by scanning reservation platforms and social media to personalize dining experiences—like the chef in “The Bear” who magically delivers the guest’s missing deep-dish pizza.
    • “Magic’s AI will scour the Internet to try to learn things about you before you come to the restaurant.” (Jack, 13:00)
    • “Magic could learn you have a trip to Thailand coming up … and suggest that the chef whip up something spicy to get your taste buds ready for that.” (Jack, 13:12)

• Notable Clients: Momofuku, Cosme, Le Bernardin now use Magic for sharper restaurant experiences.

• Risks & Critiques: Hyper-personalization risks can cause “the ick” for diners; privacy and data ethics at play.

  • “How do they know I have kids? How do they know we’re going to Bangkok?” (Jack, 13:54)

• Takeaway:

  • The top tier of hospitality is about anticipating your needs before you even know them—AI can do this at scale.
  • “Artificial intelligence could be the secret to anticipating what a customer needs before they even know what they need.” (Nick, 14:57)
  • “The key to loyalty is anticipation.” (Jack, 15:03)

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3. The Scariest Stock Chart: AI, Jobs, and Stock Market Divergence

[17:15–21:18]

Main Points

• Viral Chart by Derek Thompson: For 20 years, the number of job openings and stock prices moved in tandem. Since Nov 2022—when ChatGPT launched—job openings drop while the stock market soars.

  • “The stock market began soaring while the number of job openings began plummeting.” (Jack, 17:52)
  • “S&P 500 is up 70% while the number of job openings is down 30%.” (Jack, 18:49)

• Narrative Danger: The chart stirs fears about AI rapidly killing jobs while boosting corporate profits—a story embraced by both Elon Musk and Bernie Sanders.

  • “Elon Musk and Bernie Sanders agree on one thing, that AI robots are coming after our jobs.” (Jack, 20:08)
  • “AI has been like a protein shake for these companies, jacking up profits into a stock market thirst trap.” (Nick, 19:48)

• Nuance & Other Factors:

  • Interest rates and immigration/tariff policies play major roles; job openings started to fall months before ChatGPT arrived.
  • Caution against oversimplifying AI’s immediate impact—statistical causality isn’t simple “AI = lost jobs” yet.

• Real-World Signs: Amazon plans to automate up to 75% of its warehouse jobs (1M+ roles).

  • “We repeat: 750,000 jobs now done by humans—Amazon wants done by robots.” (Nick, 20:43)

• Takeaway:

  • The specter of AI-driven job loss requires urgent, large-scale policy responses, which have yet to materialize.
  • “Honestly, Jack, we probably need a policy response on the scale of the New Deal to handle this kind of disruption.” (Nick, 20:54)
  • “The new inconvenient truth is that AI will cause a jobs crisis.” (Nick, 21:06)

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Memorable Quotes & Fun Moments

Business-Themed Halloween Costume Ideas (02:01–03:13)

• “You could go as a Labubu dupe. Is it real? Is it fake? We won’t know until you unbox me.” (Nick, 02:11)
• “A sexy Fed chairman—nothing is hotter these days than an interest rate cut man.” (Nick, 02:22)
• “A vampire data center. I want to suck your energy!” (Nick, 02:28)

Best Pop Biz Halloween Costume Contest

• “Drop them right there in the comments. Jack and I will read all of them. Whatever you wear, remember to cover your assets.” (Jack & Nick, 03:25–03:31)

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Additional Segments & Quick Hits

[22:01–23:39] What Else You Need to Know:

• Bananas, once “inflation proof,” now up 5.4% due to tariffs—according to the only economic report still published during the government shutdown.
• Rivian launches a $4,500 electric bike and a high-tech helmet with built-in lights.
• Sam Adams releases a $240 beer with 30% ABV, illegal in 15 states.

Fact Yet & Trivia:

• NBA’s tallest active player correction: Victor Wembanyama is tied as tallest “active” player, not ever.
• T Boy trivia: What height is the tallest NBA player in history, and who are they?

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Timestamps for Key Segments

• Halloween Costume Brainstorm: 01:39–03:31
• Nike’s Innovation (“Self-Running Sneaks”): 06:02–10:33
• Carbone & Magic AI (“Targeted Hospitality”): 10:33–15:03
• Scariest Chart & AI/Job Disruption: 17:15–21:18
• Quick Hits & Trivia: 22:01–23:39

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Episode Tone & Style

Jack and Nick keep the energy bright, playful, and loaded with puns and analogies—mixing pop culture, business news, and relatable humor. Even as they analyze weighty topics like AI-driven unemployment, they never lose the engaging, conversational tone that makes the news go down easy with your “morning oatmeal ritual.”

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TL;DR

• Nike is throwing moonshots with wild, high-tech gear to prove its innovation mojo is back.
• Carbone is betting big on AI for ultra-personalized, even preemptive, hospitality—targeted experiences for the “targeted ads” generation.
• AI in the Economy: A viral chart points to a possible jobs crisis, with both political extremes calling attention—but causes are complex, and policy is behind.
• Memorable Costumes: Don’t forget your sexy Fed chairman look—or “vampire data center.”
• Jack and Nick’s note: “Whatever you wear, remember to cover your assets.” (03:28)

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This episode arms you with clever business banter, deep insights, and a dash of Halloween fun—crucial for anyone hoping to be the “best one yet” in their pop-biz conversations this week.

Transcript

[A]

This is Nick.

[B]

This is Jack.

[A]

Welcome back. It is Monday, October 27th. Entity's pod is the best one yet. This is a T boy.

[B]

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

[A]

Oh, Jack, you looking at the calendar right now, man?

[B]

Yes, we are. One month exactly from Thanksgiving.

[A]

You know what that means? It's the time of year where every newspaper runs an article about the price of turkeys in America.

[B]

True. Also five day weekend. It is just the perfect amount of time.

[A]

Jack, we're actually gonna do a duck this year. It's more expensive than a turkey, I think, but I don't know.

[B]

It's a substitute. Economically speaking.

[A]

It is not a financial trick shot.

[B]

It's not a substitute. Cuisine speaking.

[A]

No, it is not. But Jack. Three fantastic stories for today's T Boy. Jack, what do we got on the pot?

[B]

For our first story, Nike's new jacket. It inflates to keep you warm. Their new shoes. Yeah, they know your mood. Their sneaker system.

[A]

Nick, Is that besties? Nike went full NASA last week because Nike is now in the moonshot business.

[B]

For our second story, Carbone, the high end restaurant chain just invested in an AI startup that customizes meals.

[A]

Oh, yeah, you know about targeted ads. Well, get ready for targeted hospitality.

[B]

And our third and final story. Since it's almost Halloween, we found the scariest chart in America.

[A]

It clearly shows that while the stock market's booming, the job market is shrinking.

[B]

Or does it matter? Nick and I will explain.

[A]

Either way, it is one freaky chart.

[B]

But yetis, before we hit that wonderful mix of stories.

[A]

Fantastic mix of stories to kick off the week with. Love the mix, Jack.

[B]

It's Halloween week. It's the costume countdown.

[A]

Oh. Four days until Halloween, besties. We know you got a little bit of outfit paralysis, but before you instacart.

[B]

Yourself a wig from Spirit Halloween, make it too. Nick and I have better ideas for.

[A]

You because Jack and I know that you are staring at a mirror right now and no idea what to wear.

[B]

Which means it's time for our annual best business themed Halloween costume contest.

[A]

Okay, Jack, grab that boa and tell us, what should the yetis wear this year? What do we got? What do we got?

[B]

Well, you could go as a Labubu dupe.

[A]

Is it real? Is it fake? We won't know until you unbox me.

[B]

Or you could dress up as a Pinterest performative male.

[A]

A cardigan in one hand, a flat white in the other.

[B]

Baby, how about a sexy Fed chairman?

[A]

Because nothing is hotter these days than an interest Rate Cut man.

[B]

Or you could be a vampire data center.

[A]

I want to suck your energy.

[B]

Or how about Nick, you just go wearing nothing at all this year?

[A]

Yeah, Jack and I call that costume jet 2 holiday.

[B]

But Dwayne, Nick, we always got to cover the couples costumes.

[A]

Oh, good point, Jack, good point. Like everyone's gonna be doing the Coldplay kiss Cam couple, right?

[B]

So instead, go as a Strava couple.

[A]

Spend the whole night lecturing everyone about the half marathon you just ran and.

[B]

Demanding kudos for it.

[A]

Or Jack, if you just happen to be super caffeinated, what would really freak people out?

[B]

A Ghost of Matcha shortage.

[A]

Whatever you do, just don't go as chat GP Sexy Sam.

[B]

Yeah, everyone's going to want to touch your chips. Those are not for touching.

[A]

No, they are not. And if you still can't think of a costume after all of this brainstorming, what do you think?

[B]

Man, just tell everybody it got lost in the trade war.

[A]

Yetis. This week it is our annual T Boy Halloween Pop Biz costume challenge.

[B]

We want to hear your best business themed costume ideas right here in the comments.

[A]

So drop them right there in the comments. Jack and I will read all of them.

[B]

Whatever you wear, remember to cover your assets.

[A]

If you know, you know. Jack, let's have three stars.

[C]

Fifteen years before this song, two boys from the northeast met in the dorm. They had an idea that caused 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 city on your at Liz. If you know, you know. Cause we read to go. We can't wait no more.

[A]

So just start the show.

[C]

Start the show.

[A]

Start the show. First, a quick word from our sponsor.

[B]

NetSuite.

[A]

Yetis. What does the future hold for business?

[B]

Ask nine experts and you'll get 10 answers. It's a bull market. It's a bear market. Rates will rise. Rates will fall. Inflation's up or down. Can someone invent a crystal ball?

[A]

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[A]

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[B]

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[A]

Boy that's netsuite.com/t boy netsuite.com T Boy Airbnb yetis full disclosure, we're already thinking about holiday vacation. You got to book these things early these days.

[B]

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.

[A]

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

[B]

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

[A]

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

[B]

Really satisfying feeling. By the way, when my guest messages me that their first night went wonderfully.

[A]

It just puts me at ease.

[B]

And it's like, wow, I am making money right now and somebody's having a great time.

[A]

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

[B]

No, I wouldn't say that yet.

[A]

Is your home might be worth more than you think?

[B]

Find out how [e-mail] host.

[A]

For our first story, Nike just went full skunk works on us last week, unveiling three crazy new products.

[B]

The new Nike, it's not an apparel company. It's doing their version of the Apollo program.

[A]

Yetis last Thursday, Nike published not one, not two, three different press releases for three different products.

[B]

Nike's PR team was running around so much last week, I think they OD'd on Gatorade in the office.

[A]

Yeah, you're gonna need to check that. Hammy Besties. The first product Nike unveiled brings the word air to an entirely new level. Right, Jack?

[B]

Because it's a winter coat that inflates with air or deflates to regulate the person who's wearing its temperature.

[A]

Honestly, it's like a coat designed by a pufferfish.

[B]

It looks like the Michelin man. Or like an airbag just blew up inside your.

[A]

And apparently the American athletes at the 2026 Winter Olympics will be wearing this blow up coat invented by Nike.

[B]

The second new product is even crazier.

[A]

Oh, yes.

[B]

It is a neuroscience based footwear product with 22 nodes on the sole of the sneaker.

[A]

Okay, and what exactly are the nodes in this brain Sneaker doing, Jack?

[B]

I don't exactly know, Nick, but Nike says they send signals up through your body to your brain and using like your pressure points to make sure you remain mentally in the zone while you're competing. Besties.

[A]

We're talking about a sneaker that acts as your therapist while you're on a run.

[B]

The third new Nike product from last week is the craziest of all. Project Amplify.

[A]

Oh boy. What's this one?

[B]

A battery powered shoe system with a built in motor on each foot.

[A]

Sit down, stand up and just do it again. Because this motorized shoe pushes your leg to help you run faster, run further and do it all with less effort.

[B]

It's an E bike, but for sneakers.

[A]

Yes, well put, Jack.

[B]

And people wearing regular sneakers are gonna judge you if you wear E sneakers.

[A]

Yeah, it's kind of like the ozempic of the run club in a certain way, Jack.

[B]

Kind of like an unfair advantage.

[A]

Add it all up. Besties and this was like a Steve Jobs iPhone unveil crossed with a Paris Fashion Week Runway show. And it all happened at Nike.

[B]

What is this really though, Nick? It's five years of pent up innovation exploding onto Nike's website in one single day.

[A]

Well put like a poet, Jack. Because last year Nike's five year CE step down because the company is lost a step.

[B]

Well in the stock market the company had lost 100 billion steps or 60% of their stock market value.

[A]

I know because you gifted me the stock two years ago, Jack. And I'm still waiting for the ROI on that.

[B]

It was a poorly timed gift.

[A]

Yeah, you could have turned up the gift for right now.

[B]

Well, the Wall Street Journal article announcing that CEO's resignation said that Nike's culture of innovation had eroded under his tenure.

[A]

That was part headline, part diss. It hurt.

[B]

But launching three crazy new products in one single day looks like innovation is back at Nike.

[A]

Because besties, these products required enormous investments in R and D research and development.

[B]

Hoka on Brooks. They can't match that kind of investment from Nike.

[A]

In fact, we found out that Nike has spent more money on R and D than all of allbirds. The shoe company is even worth.

[B]

Nike spent almost a billion dollars on R and D in the past 12 months.

[A]

But best is here's what Jack and I find fascinating about this story. This isn't performance gear that Nike is historically known for. This is something deeper. So Jack, what's the takeaway for our buddies up at Nike?

[B]

Moonshots aren't just for NASA yetis in 1961.

[A]

President Kennedy said that the United States would put a man on the moon before the end of the decade.

[B]

It was the original moonshot. And Neil Armstrong got to the moon just in time in July of 1969.

[A]

In 2010, Google launched their very own moonshot factory. It had a bunch of failures, but Waymo came out of that moonshot factory and it's done.

[B]

Well, Waymo was there. Neil Armstrong.

[A]

Yeah, it was, Jack.

[B]

And recently, Tesla's board rebranded the term moonshot to Mars shot to describe the enormous goals they gave Elon as part of his pay package.

[A]

Plus, car companies, they've always built concept cars. Not to sell these ideas to the public, but to raise ambitions with crazy concepts.

[B]

Just like President Kennedy raised the ambitions of the United States.

[A]

Well, Jack, and I think Nike is doing the same exact thing here. These E sneakers that talk to your brain, well, yeah, they may never become.

[B]

Real, but even if the people at Nike only get half that far, it's still further than the competition has gone.

[A]

Nike's billion dollar splurge on innovation. It shows that moonshots ain't just for NASA. For our second story, Carbone. It's known for restaurants that are just impossible to get into.

[B]

But Carbone just invested in AI that will customize your next dinner experience. VIP style.

[A]

Now, yet he's, full disclosure, not proud of this. But even though I'm a restaurant guy, I have not seen the bear. And everyone tells me I gotta see the bear. Actually, you tell me the most, I gotta see the bear.

[B]

There's one episode you have to watch and it's the one with the deep dish pizza. A tourist goes to the bear's restaurant on the last night of his trip to Chicago and he tells the table, ugh, I can't believe I never got Chicago deep dish pizza. I really meant to.

[A]

Brutal.

[B]

So the maitre d overhears this conversation and tells the chef. And then the chef sends somebody to go get some Chicago deep dish pizza and get back here as quickly as you can.

[A]

They bring it back to the restaurant.

[B]

When he brings it back, the chef zhuzhes that pizza up, turns it into an incredible looking dish and they bring it out to the table and they go, here you go, sir, that Chicago deep dish pizza that you were looking for.

[A]

Wow. Okay, first of all, sold on the show. Second, Jack, what that really demonstrates is the obsessive hospitality of a Michelin starred restaurant.

[B]

Bring the guests satisfaction at any cost.

[A]

And here's the wild part, Yetis, we discovered that that episode is based on a true Story.

[B]

The true story. It happened at eleven Madison, a restaurant in New York City. Famous restaurant, except it was a New York City hot dog, not a Chicago deep dish pizza.

[A]

Okay, but even wilder than that is that Maggie Tang, a young woman, worked at eleven Madison. The restaurant heard that story, and it inspired this AI startup, because after she.

[B]

Was a line cook at eleven Madison, she went to Wharton School of Business and then launched an AI restaurant company called Mag.

[A]

And here's the goal of Magic AI that gets to know every customer so well, the restaurant can customize their entire dinner experience so they don't rely on.

[B]

An eavesdropped conversation about the regret before they fly out of Chicago that night.

[A]

Oh, the hot dog. The hot dog. The pizza. Hot dog. Jack.

[B]

Here's the news. Yetis Magic just landed a $10 million investment from the second biggest luxury restaurant chain on Earth, Carbone.

[A]

And Carbone is about to start using Magix AI to personalize your dinners in their restaurant. This is wild.

[B]

Here's what happens. Magic's AI will scour the Internet to try to learn things about you before you come to the restaurant.

[A]

Like, you know, your reservation history on Resi and OpenTable shows that you know you're a big fan of Italian food.

[B]

Magic could learn that you have a trip to Thailand coming up based on your Instagram history, and suggest that the chef whip up something spicy to get your taste buds ready for that.

[A]

Jack, based on your Instagram pics, it knows that you have children and you just didn't bring them out to dinner that night.

[B]

So Magic might suggest to the restaurant you give that table a box of cookies to give the kids when they relieve the babysitter.

[A]

Jack, pause the pod for a sec. It feels like we are on the verge of a new industry here. As we are describing this, over the.

[B]

Last decade, we've all gotten used to targeted ads. Magic is doing targeted hospitality.

[A]

It's the unstoppable personalization that Jack and I keep talking about. Although we should point out, Jack, there are some risks here with an AI doing this kind of thing.

[B]

This might give diners the ick. How do they know I have kids? How do they know we're going to Bangkok?

[A]

Would it kill you just to give me a burger and give me a break, please?

[B]

But still, the top fancy restaurants in America are all in on this Magic app.

[A]

Momofuku, Cosme, Le Bernardin. They're all using Magic to make your meals.

[B]

Like that episode from the Bear.

[A]

So, Chiang, what's the takeaway for our buddies over in AI the key to.

[B]

Customer service is anticipation.

[A]

Yetis, the goal of this software is to make the customer feel so appreciated that they're loyal, they return and they tell their friends about the place.

[B]

So the return on investment is that you return to the restaurant.

[A]

Exactly. In fact, Jack and I follow the legendary restaurateur Danny Meyer, and he has a list of his 5A's of customer service that he thinks apply to any industry.

[B]

We won't do all five, but one of them is anticipation. Know people's needs before even they do.

[A]

You see, for people, that is hard to do at scale. Each customer is different and that's a lot to memorize.

[B]

But for AI, it doesn't just remember everything about everyone. It analyzes and proactively suggests things.

[A]

Artificial intelligence could be the secret to anticipating what a customer needs before they even know what they need.

[B]

Because the key to loyalty is anticipation.

[A]

Now a quick word from our sponsor. Now a quick break.

[B]

Switching topics to one of our favorite sponsors, Vital proteins.

[A]

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.

[B]

No, she's not.

[A]

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.

[B]

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

[A]

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. Dude, I'd say it's all of them.

[B]

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. Framer.

[A]

Jack, I remember it like it was yesterday because our buddy Timmy spilled all over me.

[B]

2011, in our east Village apartment, we created a website for our startup using a template. We did. Our website looked like every other startup's website until Timmy's spaghetti spilled on it.

[A]

What we wish we'd had was Framer, the template bustin website designer that anyone can use.

[B]

Get this, Framer is the design first no code website builder that lets anyone ship a production ready site in minutes.

[A]

It's free to start bold animations. Jack, can I say it's the sexiest website builder that we've ever seen.

[B]

I think you can I think Framer would be cool with that. Framer is so sleek. When we go on the website, you'll see it asks if AI should build it for you.

[A]

One prompt, one page with a single click, you basically vibe design your brand's digital storefront.

[B]

By the way, I don't know if we're allowed to share this either, but Zillow, DoorDash, and SpaceX.

[A]

Uh huh.

[B]

They all used Framer to make their websites. We found that ourselves in our own research.

[A]

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[B]

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[A]

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[B]

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[A]

For our third and final story. Last week, Derek Thompson published the scariest chart in the world.

[B]

It's not as spooky as it initially looks, but it looks like AI is killing jobs while supercharging the stock market.

[A]

Now besties. This podcast is an audio first platform. But if you do want to see this chart in question, created by Derek Thompson, check out our Instagram or check out our YouTube page right now.

[B]

It's a simple looking chart. For 20 years, it shows that the stock market and the number of job openings they move together, mostly up and to the right.

[A]

Stocks pop, jobs pop. There you go.

[B]

But then three years ago, the two lines began sharply diverging. The stock market began soaring while the number of job openings began plummeting.

[A]

That's the chart now Jack, whip out the calendar here. I'm looking at that moment, November of 2022. Sprinkle on some context. What was going on, man?

[B]

Bob Iger had just returned as the CEO of Disney. FTX was in bankruptcy with Sam Bankman fried about to go to trial.

[A]

Not cool.

[B]

And Taylor Swift's ERAS tour had just dropped tickets.

[A]

But also, Jack, I'm looking at one more thing here. And are you seeing what I'm seeing?

[B]

November of 2022 is the same month that OpenAI launched ChatGPT Boom.

[A]

The simple explanation here, Yetis AI is already replacing human jobs. Very bad news for the working class of America.

[B]

At the same time, this chart shows that AI is supercharging corporate profits. Very good news for the stock owning class of America.

[A]

But Jack, let's get more specific about the numbers we're seeing in this scariest chart in the world.

[B]

The chart shows that Since November of 2022, the S&P 500 is up 70% while the number of job openings is down 30%.

[A]

But besties before that does scare you. It's not as simple as that chart would make it look. Right, Jack?

[B]

Right. Conspiracy. TikTok doesn't believe in coincidences.

[A]

No, it doesn't.

[B]

But there are other factors at play in this chart besides AI.

[A]

If true, huge. An example of this would be like interest rates. That's another factor here, right?

[B]

The number of job openings began falling seven months before ChatGPT and the AI revolution began. It started when the Fed began jacking up interest rates.

[A]

Another variable that could go into this chart is Trump's immigration and tariff policies.

[B]

That's another big reason that the number of job openings have fallen.

[A]

Now, besties. Nobody questions that AI is the driver of the stock market these days.

[B]

75% of gains in the stock market from the last three years are AI companies.

[A]

AI has been like a protein shake for these companies, jacking up profits into a stock market thirst trap.

[B]

But we are questioning whether AI is already reducing the number of human jobs. They're not doing that yet, according to.

[A]

The data, at least so far. So Jack, what's the takeaway for our buddies who are everyone looking at the scariest chart in the world?

[B]

Elon Musk and Bernie Sanders agree on one thing, that AI robots are coming after our jobs.

[A]

Yetis fascinatingly, those two men, total polar opposites, actually said the same exact thing.

[B]

Last week, that AI and robotics will soon start taking huge numbers of jobs that are currently done by people.

[A]

Now, while our data suggests it's not happening yet, Amazon already has plans for it.

[B]

The New York Times reported last week that Amazon has internal plans to use robots to automate 75% of their 1 million plus warehouse jobs.

[A]

We repeat, 750,000 jobs now done by humans. Amazon, once done by robots.

[B]

Yetis AI could be way more disruptive to jobs than the Internet was or the outsourcing to China was.

[A]

Honestly, Jack, we probably need a policy response on the scale of the New Deal to handle this kind of disruption.

[B]

And yet the biggest policy question of the 21st century is being pretty much ignored by politicians.

[A]

So far. So besties the new inconvenient truth, it's that AI will cause a jobs crisis.

[B]

At least it's something that both Bernie Sanders and Elon Musk agree on and are talking about.

[A]

Jack, could you whip up the takeaways for us? To kick off the week, Nike unveiled.

[B]

Three cutting edge products, what are basically Self running sneakers.

[A]

Because besties Nike knows that moonshots ain't just for NASA.

[B]

For our second story, magic is AI that informs restaurants about diners before they arrive so that they can be treated special.

[A]

It makes you feel like you're in the bear because the key to customer service is anticipation.

[B]

And our third and final story, the scariest chart in the world, shows that AI is supercharging the stock market while killing jobs.

[A]

It's not that simple, but it is the one thing that both Bernie and Elon actually agree on.

[B]

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

[A]

First, the hardcore yetis out there will remember that last year we did a story on how bananas were inflation proof. Well, not anymore.

[B]

Because of tariffs, the bananas we import are 5.4% pricier than they were in April.

[A]

And Jack and I know that because of the inflation report. It's the only economic report that is currently being published during this government shutdown.

[B]

Overall inflation is up 3% compared to last year, which is high, but not out of control. So it probably means we get another interest rate cut this week.

[A]

Yep, that's coming up this week. And second, Rivian, the electric car company, just launched an electric bike.

[B]

The bike is called also, as in Rivian also sells bikes now.

[A]

Well, fun, Jack.

[B]

$4,500. This electric bike could replace a car for some people with, I don't know, reasonable commutes.

[A]

Okay, but Jack, what do we think? The real innovation of the electric bike.

[B]

Is the electric helmet that is sold with it, because the helmet has headlights and tail lights, crucial for a commuter.

[A]

And finally, if you had a good weekend but you can't remember it, you can blame Sam Adams because they just.

[B]

Launched a new beer that is so alcoholically strong, it's illegal in 15 states.

[A]

Besties, this beer is 30% alcohol by volume. That had, like, whiskey numbers, man.

[B]

That's five IPAs of alcohol in one glass of beer.

[A]

It's like a double wine. Well, it turns out some states have limits on the ABV in beer. So this $240 brewski is breaking those laws. Now time for the best fact yet. This one sent in by Kurt Kessler from Lancaster, Pennsylvania, and Jack Tsai from New York City. And it's not just a fact. This is T boy trivia.

[B]

It's also a correction because we covered the shocking revelation last week about the NBA basketball player who is still growing.

[A]

That's right. And who is he, Jack, exactly?

[B]

Victor Wembanyamas. His height last year was 7ft 3 inches. This year he's listed as 7ft 4 inches. Makes sense because he's only 21 now.

[A]

Besties. We erred, however, in saying that makes him tied as the tallest player in NBA history. We were wrong.

[B]

He's tied as the tallest active NBA player.

[A]

So our T boy trivia question for you this week. What height is the tallest basketball player in NBA history?

[B]

And who is that person? Sorry, who are those people? Because there's two of them.

[A]

Bonus points if you get the name Yetis. You look fantastic to kick off the week, Jack. I mean, five days Pop is Halloween costumes. We actually got to get on this right now, man. I know. I feel like we've been warning our entire audience for like a month that Halloween's coming and you and I, like, still have to nail this down in the next 40. We haven't heeded our own advice. Oh, man. Yeah, that sexy Erawan labubu costume. It's gonna be a hard one to pull off.

[B]

By the way, I'm crossing off heed on my bingo card. This is the first time I've said that this year.

[A]

That's true. Yeah. We were wondering if you would say that word this year and you know what that means.

[B]

Jack.

[A]

Yetis, let us know. Your pop is Halloween costume. Drop it right here in the comments and Jack and I will see you manana. And before we go, a shout out to yeti's Nicole and Raleigh down in Tampa, Florida, who've got the best anniversary yet. Raleigh, still listening, even in the shower.

[B]

Happy 32nd birthday to Sam Lack in West Hollywood, California, who loves Molly so freaking much.

[A]

And a happy birthday to Jorge Muniz in Highland, Michigan, celebrating with a vacay in Jamaica, baby.

[B]

And happy seven year anniversary to Craig and Jessica Fromer in Steven City, Virginia.

[A]

And Wyatt Lowe in San Francisco is joining RBC and getting his CFP asap. Congratulations, man.

[B]

The Canadian banks are really solid banks.

[A]

Oh yeah, they're hot right now. And Jason and Rachel are down in Houston celebrating their second anniversary and their best anniversary.

[B]

Congratulations to Stephanie Cruz in Woodstock, Georgia, who's on their first new day at that new spanking job.

[A]

And Jack, shout out to Michael, a Yeti I ran into in San Francisco who runs an AI staffing startup. He's been with the POD for years. Michael. Michael, great to meet you, man.

[B]

And a big shout out to Emory University down in the south who highlighted T Boy as a top business podcast. Thank you for that publication.

[A]

We love seeing it. Guys, great to have you with us.

[B]

And to anyone else who celebrated something today. Make it a T boy.

[A]

Celebrate the wins.

[B]

This is Jack. Nick owns stock of Nike and we both own ETFs of the S&P 500. If you like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcast Prime.

[A]

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

[B]

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

[A]

We want to get to know you.