PBD Podcast - Diddy Denied Bail, Cuomo Calls Trump, Rate Cut Cause Market Tank | PBD Podcast | Ep. 474

Starting point is 00:00:00 30 seconds. Did you ever think you would make it? I feel I'm so close, I can taste we victory. I know this life meant for me. Yeah, why would you bet on Goliath when we got bet David? Valuetainment, giving values contagious. This world are entrepreneurs, we get no value to haters. I be running homie, look what I become.

Starting point is 00:00:23 I'm the one. See that? Okay, so a lot happened yesterday. One first rate cut in God knows, by the way, you know since when? Since March of 2020. So first rate cut since March of 2020. So pandemic time? Even more, four and a half years since March of 2020. There's a rate cut.

Starting point is 00:00:44 However, everybody's asking why is the market tanking? Why did the market tank in the opposite, react in the opposite way? Not tank, but took a... We'll talk about that. We'll definitely talk about that today. Tom's been so prepared for this all night. We'll talk about that too. Stories about Diddy.

Starting point is 00:01:00 I mean, Diddy is in a rough place right now. Yeah, it's called jail. I mean, Diddy is in a rough place right now. Maybe you like it. It's a challenging place right now. And a lot of other stories that's coming out. We'll talk about that. Don Lemon says Trump should lower the temperature, stop threatening democracy following assassination attempt. And then at the same time, his former buddy, Chris Cuomo, says he reached out to Trump

Starting point is 00:01:22 after the second assassination attempt to have a conversation with him. And now a lot of people on Twitter who didn't like Chris, they're saying, he's coming around. I'm liking the new Chris. I don't know what happened. I don't know what's going on there. But there's a lot of people that are supportive of what he said this week. This is one of Tom's favorite stories. Harris holds a 67 point lead over Trump among LGBTQ voters.

Starting point is 00:01:46 No! Yes. Meta-bans Russian media outlets, including RT from Facebook and Instagram over foreign interference. Howard Stern says he hates anyone that votes for Trump. They're stupid. I have no respect for them. There you go. Gavin Newsom signed election deepfake ban in rebuke to Elon Musk. This is the Kamala Harris video that was done by the Trump camp. And everybody went online and made videos of him. That's right. They did this, which is hilarious. Musk attacks Newsom, says California's new anti-deepfake law makes parody illegal. Hezbollah vows to punish Israel after the pager explosion, which is the stories of what happened.

Starting point is 00:02:26 And the deeper and deeper I got into it, it just gets wilder and wilder how this happened. Crazy. Yeah, it's, we'll definitely address that. There's a couple of sudden sex changes. That's a good point because of where you put the pager. Yeah. Oh, it's bad. There's terrible images.

Starting point is 00:02:44 Well, it's called Operation- Why are you looking at it? Below the belt. No, it was- You're looking at someone's dangling drop- No, no, no, it was Reuters, and they kinda had it fuzzed out, but it was these guys-

Starting point is 00:02:55 It was fuzzy a little bit, as the picture was- Let me just continue, Tom. You took me in a very bad place. But all right, guys, couple things here. New York Times, workers threatened to strike on election day and Amazon puts hybrid work in the rear view mirror. There's just a lot of stuff going on with the people

Starting point is 00:03:13 that wanna work from home. 23andMe board resigns in new blow to DNA's testing company. This is a Wall Street Journal story. They just resigned, they're like, we're out of here. We're not gonna be doing this anymore. And they're out. And then Secret Service admits golf course wasn't searched before Trump's assassination attempt. And by the way, did you guys see what happened with the video Brandon just sent? Something

Starting point is 00:03:34 about a chemical? Something chemical? The eyes and all the other stuff that people are saying that Trump's camp is apparently confirming that something did take place. Anyways, so let me say a few things here to everybody before we get into the podcast. We got a lot of things to cover specifically with the economy. This is the most important thing I want to tell you. We can't say where we were yesterday, but what I can confirm is once everything is finalized tomorrow, it'll be one of the biggest acquisitions I made in my life, and it'll be the biggest I think in that specific

Starting point is 00:04:07 sector is the biggest one I've ever acquired. Yes, in this specific sector when you hear what it is. On November 5th put it in your calendars. This is all I'm going to tell you. We're gonna put the biggest election night party outside of the two candidates. Trump's gonna have a big one, Kamala's gonna have a big one, but we're gonna have a crazy one, okay? And there will be a couple thousand people there and there will be super VIPs and VIPs and premier then general. Generals are gonna have to bring their own chair, literally, when you hear what we're doing, but just telling you put it in your calendar, it's gonna start off at 6 and it's most likely gonna go to 2 3 a.m. okay and we're all gonna be

Starting point is 00:04:48 together and the requirement to be allowed to get into the party is you have to come in with future looks bright shirts or hats or gears I'm just telling you so if you've ordered stuff good for you if you haven't when I tell you what the event is you're still gonna need to have you no matter what the event is, you're still going to need to have gear. No matter what ticket you buy, you're going to have to buy tickets to go to this because we're going to have AV, we're going to have a bunch of different things, and it'll be an element of a, I don't know if I want to say, I'm just telling you, put it in your calendar.

Starting point is 00:05:17 Hundreds of you have already emailed asking how can I buy tickets. We're not selling tickets until next week. Once everything gets finalized, I'm just trying to put it in. You go to your phone, November 5th, it's a Tuesday, put it in your calendar, people will be traveling here from all over the world. Yes, all over the world to be here with us November 5th. I'm whispering to you. And the people that will know about this first are our clients first.

Starting point is 00:05:41 Anybody that's ever purchased anything from us before are the first ones to know. So if you're on that list, you've purchased anything, you've gone to Vault, you bought Merch, you vtnews.ai, whatever it is, those guys get the first email sent because we want our insiders to get the tickets first. Then I'll announce it publicly to everybody. But I'm letting you know right now, we'll be making some announcements next week, November 5th, put something in your calendar, you'll be with us and the crew on that day. Having said that, the one thing I wanna encourage

Starting point is 00:06:14 everybody to do, for the last nine months, we built this new site, hired 15 machine learning guys. If you haven't yet subscribed, there's three tiers, freemium, 499, 1999. 1999 gives you the whole thing. Lopsided timelines, you can find out AI questions, unlimited questions. It costs us a lot of money the more questions you ask, but we got, this is not just like any question you want to ask.

Starting point is 00:06:36 You can go on there and type in, go to the first one right there. What does it say? What are the top five events today? Let's type that and go to it, Rob. Let's see what it comes up. It answers the questions for you with our AI. It's got the lopsided stories. Here we go.

Starting point is 00:06:51 So based on the recent news articles here, the United States ranks amongst the lowest developed nations overall healthcare performance despite spending the most on healthcare. Nevada's Secretary of State, Cisco Aguilar, is focused on election integrity and workers' protection, including passing a bill. This is just right now, like what people are thinking about right now the last hour. Over 20 women have been accused of the late billionaire Mohammed Al Fayed of sexual assault, including five claims of rape, as revealed in a BBC documentary. Andurio Industries has partnered with Microsoft to enhance the U.S. Army's integral visual

Starting point is 00:07:20 augmenting interest augmentation system, integrating its lattice software to improve. Cool. Various organizations are working to protect voting rights and enhance civic engagements as 2024 engagements are coming around the corner. There's so many different elements to vtnews.ai. This is going to be the aggregator. Many will be using moving forward.

Starting point is 00:07:40 I want to encourage you. Go to vtnews.ai, Rob. Put the link below in the chat section comment section Go test it out for yourself Rob. Can you just click on the main story right then? Let's start off with that Iran denies 2024 election hacking allegations. Okay. Let's see how many news outlets have reported on this It says 38 of the 38 how many are on the left? It's pretty evenly right if you go 9 on the left I'm sorry 15 on the left 9 on the center 8 on the left? It's pretty evenly, right? If you go nine on the left, I'm sorry, 15 on the left, nine on the center, eight on the right, six unrated.

Starting point is 00:08:09 Can you go see which ones it is on the right, Rob? Tap on the left sources, let's see who they are and zoom in. Can you just click on that, Rob? Yes, open it up. Got it. CBS, ABC, Al Jazeera, Guardian, The Independent, Sienna Wapo. Okay, let's see who are the left sources. The Daily Beast, Bloomberg, HuffPull, okay.

Starting point is 00:08:24 How about right-sources? Zero H, Telegraph, Barron's, Epoch Times, Breitbart, Gate Pond, New York Post. Okay, and then go to center, see what it says here. Okay, Fortune, AP, The Hill, CNBC. Interesting. Okay, now let me read the article, Rob, just to kind of see what it says. Zoom in. So the FBI has uncovered that the Iranian hackers attempted to interfere with the 2024

Starting point is 00:08:47 presidential election by sending stolen Trump campaign materials to individuals associated with the Biden-Harris campaign, unsolicited emails sent in June-July, contains non-public information from Trump's campaign. There's no evidence that the Biden-Harris campaign responded to or utilized the materials. The Harris campaign condemned the act labeling it as unwelcome and unacceptable, malicious activity. U.S. officials and intelligence agencies have been increasingly vocal about foreign interference, drawn comparisons to 2016 elections, emphasizing the need for transparency and security.

Starting point is 00:09:18 Rob, can you show me the titles of how they're titling this article on the left? Just go to the left side. Yeah, let's see how this Iranian hacker sent Anselis a stolen Trump campaign info to Biden campaign. Okay. Iran accused of sending, so it's accused of sending stolen Trump campaign. What is that? Iran hacker sent stolen. Okay. Now let's go to the right. See what the right says. I need the right outlets. FBI reveals that Iran hacked Trump's campaign material and gave them to Biden Harris. Wow. So FBI reveals bribe art. Iranian hackers infiltrated Trump campaign since, okay, same thing, telegraph. FBI says Iranian hackers since, okay, and then let's see, gateway pundit. Here we go. FBI announces

Starting point is 00:09:58 Iranian hackers since stolen information from Trump's campaign directly to people associated with the Joe Biden campaign. So this is what VTNews.ai does. It allows you to see, read the story, see who's reporting on it, see what the left is categorizing. I solicited it. Exactly. And then on the right, and you're able to make a decision for yourself what's going on.

Starting point is 00:10:16 This is why you ought to go subscribe and support us with VTNews.ai. We're building this for us, but we're making it available to everybody to be able to purchase it or just subscribe for email. Tom, thoughts on the story here with Iran Iran that FBI is now saying that this actually happened Well, I think what's happening is everybody's trying to get out in front of it. So no one can say after the fact Oh, you know, you know They want to avoid the speculation and a war between Fox and MSNBC over who suppressed what that's what they're trying to do And so the FBI is really

Starting point is 00:10:45 trying to be proactively get out in front. But let's face it, every single day we know from the crowd strike attack and we know the attack. Remember exactly six weeks ago, the SeaTac airport in Seattle was shut down for a day because they had an attack and we had the crowd strike problem where they claimed that they were doing an update to protect from other attacks and they shut a bunch of people down. So there are bad actors happening out here with attacks every single day and every now and then they get lucky and they get into someone's email and that's usually what they do.

Starting point is 00:11:19 They pull a stack of email and any of the attachments in that email, like you said, a PowerPoint to somebody, a doc to somebody, that's what they got. And everything I read, it appears to be that what they did is they, you know, you get one of those things, click here because Visa needs to talk to you about a transaction, and you don't know that when you click that, you're screwed because now you've opened a door to your email. So it appears that the bad actors from Iran, if the FBI is to be believed here, Iran penetrated somebody's email, got a bunch of docs trying to make trouble and sent them over to the Harris campaign. Meanwhile, let's say it's all true PBD.

Starting point is 00:11:57 Why would Iran send Trump documents to help the Harris campaign? Do they think that they would prefer Harris over Trump and maybe are a little worried that maybe Trump would be a less patient fellow to deal with? If this is true, if the story is 100% true, Iran was trying to help the Harris campaign because they want nothing to do with the Trump presidency. Well, this is the same, great point Tom, this is the same Biden-H, great point, Tom. This is the same Biden Harris campaign that unfroze. What was it? Six billion dollars, Adam, was it? For Iran to, you know, have fun with their terrorism and stuff.

Starting point is 00:12:32 Mind you, they don't say, Tom, you nailed it. What was in those emails? Maybe it's some of his detail secret service, where he's going to be, the times, this, that God knows what what they're sending these... Most likely what would help the Harris campaign is if there is a pivot in talking points. When a candidate moves talking points, last night, if you saw any clips from Trump last night in New York, he looked great. He was his old self, but he turned down some of the rhetoric and he was driving on the greatness of New York, living in New York, he was pushing all that. So let's say some of the rhetoric and he was driving on the greatness of New York, living in New York,

Starting point is 00:13:05 he was pushing all that. So let's say some of those talking points that as things unfold, they were putting those together and I sent the document to you, you got hacked, they sent it to the Harris campaign, now that campaign, hey look, he's going to move a little bit and he's going to be talking this way, we need to talk this way, we need to put ads this way. So it helps you because if that's what's there, it would help the campaign. It would help Harris's campaign to know what he's doing.

Starting point is 00:13:31 Let me ask you, how much do you believe that Iran is hacking into systems? How much you think Iran is definitely behind all of this stuff? I would put it at a very high likelihood. Give me a percentage. What do you think it is? I'm at 75%. This is true.

Starting point is 00:13:46 Ninety-eight percent? Oh, you're at 98%. Okay, so tell me why. Tell me why. Well, look, everyone has a reputation. You have a reputation. You have a reputation. Every country has a reputation.

Starting point is 00:13:56 What's Iran, the Islamic Republic of Iran's reputation since 1979? Great rice. Great rice. Okay, that's true. Beyond that, they have oil, right? They're an oil-rich country. Great rice. Great rice. Okay, that's true. Beyond that, they have oil, right? They're an oil rich country. Great. But beyond that, you know, there's countries that are builders and there's countries that are destroyers. And I would argue that Iran is in the destroyer category. What are they? What are they best known for outside of the great Persian Empire

Starting point is 00:14:21 of the past? They're great. They're known for cyber hacking and nuclear threats. They are known for being the foundation of Islamic terrorism throughout the world. As the IDF sort of puts it, they use the terms like the head of the snake. They said, no, they are the head of the octopus. And their tentacles reach out all over the Middle East. And if they had their way, the caliphate all over the world. And they're the ones funding the Houthis, they're the ones funding Hezbollah, they're the ones funding Hamas. Every single thing out there in the Middle East, you can kind of trail back to what the

Starting point is 00:15:02 Islamic Republic of Iran is basically funding. So you ask the question, what's the likelihood? The likelihood is very, very, very high that they are involved in all this. Okay, I mean, this leads me to the next story, which is maybe the main story for us to cover with what happened yesterday. And I'm talking about the pagers, by the way, the pagers exploding. Rob, if you want to pull up on it, what story is that one on, the Pagers exploding? Is it anywhere here or now? Hesbollah vows to punish Israel after Pager explosion across Lebanon.

Starting point is 00:15:37 And by the way, this wasn't just a, when you think about how strategic it was, Hesbollah vows to a fair punishment against Israel after accusing it of detonating pagers across Lebanon, killing nine people, which I think is 12 now, two kids, and wounding nearly 3,000, sorry, 2,800 people, including fighters and civilians. The explosions occurred in Hezbollah's strongholds and were described as the group's biggest security breach. Israeli military declined to comment on the detonations, but the New York Times reported that the explosive material was already hidden in the pages imported to Lebanon from Taiwan,

Starting point is 00:16:11 remotely detonated by Israel's forces. Hezbollah described this as a targeting of an entire nation with casualties amongst prominent Hezbollah members. And by the way, one of them was the Yeah, which was very Iranian ambassador to Lebanon and why does he have one of those? Pagers which was the strangest thing out of everything that you're talking about right and he's the one that lost one eye and was severely wounded in this other eye two of his guards were also wounded from the explosion Rob Do you have any the videos to show folks? We're gonna play one of the videos just brace for impact Just show the one in the market.

Starting point is 00:16:45 Don't show the one that the dangling that Tom's talking about. Show the one in the market on what happened. Because Reuters fuzz it out. But you can see, it's like a chunk of his thigh. That's terrible, Tom. And Pat, while he's looking, the reason that they're using the pagers and flip phones

Starting point is 00:16:59 is because it's the second one. You had it, go to that one right there. Yeah, watch this. Oh yeah, yeah. Watch this. The guy in the left yeah it was his pager so that means he's a member of Hezbollah that's what that means yeah so if it if you had a pager that exploded you were a member of the Hezbollah. And by the way, it all exploded at 3.30 PM on the dot. They all got the same message, right?

Starting point is 00:17:32 It was around 5,000 of these pagers that they had when it exploded. It's Taiwan, May 3.30, Lebanon time after they got the message. And then in February, one of the Hezbollah leaders warned them to say, don't carry phones, because it's worse than Israeli Mossad. So Hezbollah leaders saying don't carry phones, because Mossad is, you know, let's go back to old school. Let's detect them. So look at how Mossad, if they're behind this, they hear that message, they go get the pagers, they send it in to sell it to them and give them the access and they put the explosive in them.

Starting point is 00:18:08 And then he said, you know, go and bury your phones or put it in an iron box. And next thing you know, something like this takes place. What are your thoughts? I'll go with you first. I mean, listen, the tactic, like, because when we heard it, it was unfolding. I was like, dude, what a smart, listen, if you want to bring terror to the tactic, like when we heard it, it was unfolding. I was like, dude, what a smart listen, if you want to bring terror to the terrorist, this is impact because they're using old school devices because they're less traceable and hackable.

Starting point is 00:18:34 And the thing that at three, it was at three PM Pat, they got an incoming message that appeared to originate from senior Hezbollah leadership. So they were like, Hey, what's happening over here? And then boom, they all went off. Listen, and like I said, I'm all for killing terrorists, the more the merrier. This is a touchy situation because I think the actual numbers, Pat, you said it's attacks involving the explodents by Hezbollah resulted in 20 deaths, more than 2,800 injuries made, which a lot, which are civilian. So this is where you have to weigh in you got 20 guys I don't know out of those 20 deaths how many two kids like the fear factor is there but the 2800

Starting point is 00:19:11 I think like for instance they were in a market there. This was a different situation I guess one of them went off at a funeral which is a lot bigger and and and and I think killed another Person so it's like they're bringing the fight to the terrorists, which I actually like. But the only thing is to me, it's the civilians, the civilian highly. But this is what the scary thing is too. Now, what about they went into their supply chain, right, PBD? So now who's to say Tom, and let me just say this really fast. It went so a Taiwanese based pager company, Gold Apollo, they placed two ounces of explosives in each pager and the battery and deported them to Lebanon. Who's to say, God forbid, this happens in a shipment of iPhones that are coming somewhere

Starting point is 00:19:53 and this happens here. This can make somebody else go away. Wait a minute. What a great, what a great idea. All you have to do is jump into the supply chain, Tom, and do it here. Well, I have two quick thoughts. And the first quick thought is when you're dealing with an enemy that uses civilians as human shields, tragically, you're going to have civilians hit.

Starting point is 00:20:14 And that's and it's horrifying. It's terrible. But it's it's the reality of a war when cowards want to hide among civilians. Gone are the days where, like you see in movies and you see historical pictures where two armies line up on either side of some line and they go after each other. We're dealing with now cowards that want to conduct their terror this way and now to come back. Think about it, this is an amazingly strategic move. They are correctly telling people don't carry an iPhone or an Android because

Starting point is 00:20:47 those can be tracked even when it's turned off. That's correct. So I'm not in favor of any any terrorism but if they're saying guys you probably shouldn't carry that, that's probably correct not to be tracked. We'll get these pagers and then Masad finds out. I have one thing I want to say that I think it's big but anything else Tom? No. Adam what are your thoughts? Just figures it out and says, okay, here's your pager. So what's the reason that Israel did this on Hezbollah?

Starting point is 00:21:13 Everyone's looking, focusing on the war that's going on in Gaza where they're fighting against Hamas. And there's a whole conversation to be had there. But what a lot of people don't know is that there's war coming from all sides against Israel. You know, the Turkish president Erdogan is like, the Israeli expansionism, it's like the expansionism. People all around them are trying to attack them.

Starting point is 00:21:36 Now what's going on in Hezbollah? That's in Lebanon. This is not in Gaza. There's also stuff going on in Syria. We know what's going on in Yemen. They're getting it from all sides. And what's going on in the north of Israel, near the Golan Heights, everything near there, which is a territorial dispute for years with Lebanon, Syria in that range, is that almost 100,000 Israelis had to move out of that area.

Starting point is 00:21:59 Why? Why do they have to move out of that area? Because Hezbollah, which is a terrorist group, has been shooting thousands and thousands and thousands of rockets into Israel on a daily, weekly, monthly basis. Just imagine you're in LA and south of the border in Tijuana, they're shooting rockets into LA or into San Diego. What would the USA response be? Okay, I can assure you it wouldn't be, let's go attack some beepers.

Starting point is 00:22:26 But Israel's basically fighting a different type of warfare. So there's this type of warfare, you know, is obviously tactical warfare, but there's also mental warfare. Now you have Hezbollah, which is basically controlling, I don't know, 20% of Lebanon. What a disgrace that's turned into an amazing country called Lebanon, which used to be sort of a place where Christians, Jews, Muslims could all live, even Druze. And now it's just being run by this terrorist organization. So they said, how can we strike fear into these people and eliminate some of the terrorists? At any point, mental warfare kicks in and you don't know what's coming your way. This situation was called operation below the belt

Starting point is 00:23:06 because a lot of people are wearing beepers. Why the hell you weren't rocking beepers these days. You've made a good point is because they basically said, Hey, don't don't use cell phones anymore. They're using the cell phones. Let's get beepers. Bingo. Let's get some beepers. Yeah. Here's one last thing. There was actually a satirical post about sort of these Israeli guys sort of imitating what would the conversations be like after this. It's like, we don't use the beeper, this whole thing, 72, that's Tommy Robinson posted that. He says, there you go, congratulations. These two basically Hezbollah terrorists are basically talking and one guy goes,

Starting point is 00:23:46 you want some coffee? Yeah, I'll take coffee. Yeah, go press the button. Go make the coffee. He's like, I don't know if I want to press the button for the coffee. You hot? You're a little hot? Turn on the AC. I don't know if I want to press this button. Are you gaining a little weight? Step on the scale. Is this a digital scale? It's a digital scale. I think I'm doing okay. So now they're walking you through this process

Starting point is 00:24:15 of now any single thing you're gonna touch, button, this, that. Now the Hezbollah terrorists are like, I don't know if I wanna do that. I don't know if I wanna start this car. I don't know if I wanna turn on this engine. I don't know if I wanna press do that. I don't know if I want to start this car. I don't know if I want to turn on this engine. I don't know if I want to press this button. Boom, mental warfare.

Starting point is 00:24:28 All this leads to psychological warfare. Let me tell you, if you want to mess, do you know what this does to you? The impact of it psychologically. Let me tell you how weird it was. My dad calls me yesterday. I'm in a meeting with Rob. Do you remember this, Rob?

Starting point is 00:24:42 Yes. My dad calls me. Madeline, kill me the spoiler, man, yeah, kill me the spoiler, telephone och mujur. How's your telephone doing? I'm like, my telephone is doing good. He says, are you seeing what's going on

Starting point is 00:24:53 with these things? I said, dad, they're pagers. He says, but listen, I've even seen, by the way, he's right, iPhones are also, have exploded. And remember when Droid, you can't even have a Droid on a flight like four years ago, five years ago. Yeah, the batteries are burning up.

Starting point is 00:25:04 Yeah, they were blowing up. But Rob, if you can pull up the story. This is the girl behind it, by the way, which is very interesting, right? Gola Lohr, this is the CEO of the company that made the pagers. And you have to see what she lists on her LinkedIn right there. This is the girl. Look what she lists as her strengths and her studies. Zoom in a little bit. Christina Barsony Arsini-Cono, who studied in London

Starting point is 00:25:27 and lists disaster management as one of her skills. It's listed, it's not funny, but it's funny, right? Is listed as the CEO of the Hungarian based company, BAC Consulting, initially believed to have supplied the devices to the Lebanese group. She denies any knowledge of the alleged plot okay this is what the pagers look like. The company is called BAC? Yes but you're gonna see the rest. That stands for badass chick. Yeah so this is the pager which by the way back in the days this was like if Telestar like in Glendale this was like legit right keep going keep going Rob

Starting point is 00:26:03 and so these are the pictures of what happened. Keep going. That's what it looks like after it exploded. Okay, keep going. I think that's the picture Tom was talking about. Go lower. You'll see the picture that Tom had on his phone. Keep going lower, go lower, go lower.

Starting point is 00:26:17 You'll see the picture and then I want you to go up. That's the guy. So Pagers on your pocket. So go up. Let me read this. This is the part the other way Rob. Up, up, up. Yeah. Go all the way up to this section, just this section. Keep going, keep going, keep going, keep going.

Starting point is 00:26:28 Right there. Okay, so according to Nuruk, just this section when it starts. Go a little higher, there you go. Israeli spies were already working on their ingenious plan long before February when Hezbollah leader Hassan Nasrallah said that Israel was using cell phone networks to pinpoint the location of his operatives. You can ask me, you ask me where the agent is, Nasrallah told his followers in a publicly televised address, I tell you that the phone in your hands, in your wife's hands and in

Starting point is 00:26:57 your children's hands is the agent. Then he urged them, bury it, put it in an iron box and lock it. He had been pushing for years for Hezbollah to invest instead in pagers. So he said, let's go to pagers, which for all their limited capabilities could receive data without giving away, Rob, if you can go a little lower, give away users' location and other compromising information. According to the New York Times, one of the massage shell companies was BAC Consulting in Budapest, Hungary, set up to produce the devices on behalf of a Taiwanese company Gold Apollo. Gold Apollo chair, Soo Chin Kwong, told journalists Wednesday the

Starting point is 00:27:37 firm has had a licensing agreement with BAC for the past three years. According to the cooperation agreement, we authorize BAC to use our brand trademark for product sales in designated regions, but the design and manufacturing of the product are solely the responsibility of BAC," Gold Apollo said. Meaning, they designed it, they built it, they produced it, they send it to this consulting firm, they undid it, put a bomb in there, okay, would have triggered that anytime, then they sold it to you. Wow. So it's not the developers of the pagers that did this, it's the consulting firm that bought

Starting point is 00:28:13 the thousands and then send it over. What? You know what it is, PBD? Yeah, and it continues. Don't mess with the side. BAC did not take in ordinary clients for which it would produce a large one. By the way, imagine now every human being that bought this page or what they're thinking. I was just going to say like, honey, get rid of it. Please. Who's using pagers these days? A lot of people in this region.

Starting point is 00:28:33 Mossad knew who they were shipping to. Mossad knew exactly who they were doing. Of course. Pat, these companies, I mean, they got to be careful about. One for you, and one for you, not you. Yeah, retaliation is going to be big. But now, and you guys nailed it with the what's it called, the psychological wherefore. What are they going to do now? They're not going to go to iPhones and stuff. They're going to go carrier pigeon. I don't understand what they're going to do because

Starting point is 00:28:56 they can't go back. They're going to go back to smoke signals and blankets. They might. PBD, you know, a couple podcasts ago we talked about what a magician does to distract and what they do to create a diversion, diversion tactics. So you're looking over here, boom, they get you over here. So they recognize, listen, Mossad, you know, is everywhere, especially in the Middle East. That's the thing with these Israelis. They kind of just look like Arabs. A lot of the

Starting point is 00:29:21 time, you don't know the difference. You put on a little, uh, whatever this whole deal is and you don't know what's going on. So what happens is they're basically sent out this fake signal, the distraction. Yeah. The cell phones are coming for the cell phones. Boom. They set them up one way. All right. Now they're going to pagers.

Starting point is 00:29:40 Guys got them. We got them with the pagers and then they're creating this distraction. What's the, what's the massage? What's CIA? What is MI6? There's one word that is a root word in all these things. That's intelligence. The intelligence of Masad. And in conjunction a lot of times with the CIA. So sometimes, you know, we have the conversation of why is Israel and America so tight? You know how many secrets these guys know about each other? You know how much MI6, the UK, CIA, dude, they're trying to stop terrorism all over the world. They're not focused on Gaza, Palestine. They're focused on

Starting point is 00:30:10 Boko Haram, ISIS, Al Qaeda, Al Nusra, the Triple H crew, Hezbollah, Hamas, the Houthis. They're trying to attack these terrorists everywhere. So if you ever seen the movie Fauda or the show Fauda, you'll understand what they got going on. They're going to get the terrorists before the terrorists go get them. I just, I'm not to add light to the situation, but you know, there had to be that one terrorist that wasn't in on like he didn't, he was later. He's like, why didn't you? It was his first day.

Starting point is 00:30:37 Why didn't you? Why didn't you page me? You're like, you didn't hear about Mohammed? No, what is he? You got to that. That is finished. He's like, why did you tell me? This is why, this is why.

Starting point is 00:30:48 It's the perfect timing for this. This is why we have decided to change our entire phone system at Valuetainment. This is our new sponsor, folks. We're moving our phone system. Alexander Graham, bang. Old school, there's nothing they can do to this. It's bulletproof.

Starting point is 00:31:04 These are 85 pounds each. You can use it for dumbbells. You can use it for everything. Every time you make a phone call, your biceps are like, ah, ah. You get some workout throughout the day. They will put something in there. I need you. Can you do me a favor, Rob?

Starting point is 00:31:18 Can you pull up the Lebanese ambassador that had one go off? Let's see who this guy is and who his connections are. Can you go to him? That's who I want to know who this guy is. Do you know which one I'm talking about? Rob? Muhtay Mojtaba. Yeah, let's, let's pull that name up and let's see what comes up.

Starting point is 00:31:37 Okay. Just go to his Wikipedia. Let's see what we have here. Iranian diplomat who has served as Iran's ambassador to Lebanon since 2002. Prior to this, he headed the Iran's intersection in Egypt from 2013 to...interesting. Egypt in September, 2024. Okay, so he's part of... Amani holds a master's degree in international relations from University of Tehran.

Starting point is 00:31:54 Amani began working at the ministry...my mom went to University of Tehran, working at the Ministry of Foreign Affairs in 1988 with his role as the deputy head of ministry office. Can you just Google why he was there? Why? Yeah, let's see. Why was he there? That's what I'm curious about. Go ahead. I have a separate question. Why did Masad make sure that guy had a pager? Or why did he order one? I have my iPhone. I also need one of those special pagers. I've got some buds over there I got to talk to my crew. You're going there is where you're going.

Starting point is 00:32:35 Me? Yes. I'm like, it's simple. Why is he holding one of the pagers that Hezbollah? I haven't seen any reports that there is innocent civilians. Or one of these that had it. I've heard reports that civilians were hurt. Are you talking about this guy?

Starting point is 00:32:51 Most of the money much spell it for me much. Much. I'm on me. Have thank God. I have a Persians here and a Syrians here to pronounce these names. You're welcome. Mojaji, Amani Kabumi Faldowni. Not you, not you Tom. Why did Moj Kabumi Faldowni? Amani Moj Kaba. I can tell

Starting point is 00:33:13 you why Pat. Go ahead tell me. Well look we don't have to look too far. We don't have to connect too many dots. A few weeks ago there was a guy called Ishmael Haniyeh. He was the leader of Hamas. Where did, allegedly, the Mossad or the IDF get him and kill him? Do you remember? Where? The Ishmael Haniyeh. Do you remember where they got him? No. In Tehran, Iran, leading with the Ayatollah Khomeini. And they went and got the leader of Hamas, who was meeting with the supreme leader Ayatollah of Iran and killed him in his hotel room in the capital of Iran.

Starting point is 00:33:51 So this is just an extension of that. What does this all mean? Number one, we know that Iran is funding this terrorism. We know that they've given billions to this group. But what's the number two thing you talked about psychological warfare? What's the Mossad basically telling you? We're smarter than you. We're sharper than you. We're more clever than you. We're going to figure things out. And by the way, we're going to come get you wherever you are.

Starting point is 00:34:12 If you're plotting and planning on destroying our country, we're going to go get you. And they went and they got the leader of Hamas in Tehran and they went and they got this new leader in Lebanon. So I don't know. Do you have a different opinion on that? I'm just curious. I'm just curious. Tom, you look like you want to say something.

Starting point is 00:34:29 No, I'm saying when Mossad wants to get somebody, you remember when there is a guy, Adam helped me with this. There is a, was he a PLO official that was in what the PLO became, right? More year. But Yarafat, it only goes back about eight years. And he was in his office in Lebanon

Starting point is 00:34:51 and it was a drone that fired a short range, high intensity, almost like a Hellfire missile, right into where he was. And they did it tracking the phone. They knew exactly where he was and they put a missile right in there and it just blew the corner of the building like right on the third, fourth floor, wherever it was right into this guy. So when Masad decides or the CIA green lights that,

Starting point is 00:35:14 you know what this guy needs to go, you know, he'll be in his car going around the airport, you know, okay. US said, okay, you're done. What are the guys sitting in his office in Lebanon when Assad said, Hey, it's time to go get this guy. And CIA said, yep, you can do it. And we helped them with the drone and a health arm as well. Well, at the end of the day, what they're doing with this is very clear. It's very tactical. It's surgical.

Starting point is 00:35:38 And they're going after exact people. There's a whole nother different conversation that we can have what's going on in Gaza and whether it's over the top or not. But against these people, they are being surgical and taking them out. And Adam, you made a great point. Like, you know, when I first realized what and who Mossad was, do you guys remember the Munich massacre in 1972? Dude, Spielberg made a movie called Munich, bro, Munich.

Starting point is 00:36:00 They went after, I think it was Black September. It was Operation Wrath of God, they carried out by Mossad. Tom, it took years and they went after every single, and by the way, they did a, you know that phone that Pat was joking around about? That's how they killed one of the guys, he picked up that phone and it blew up in the movie, that type of phone. But this, this movie, you want to talk about a fan, have you seen this one? Yeah, of course.

Starting point is 00:36:23 Oh, what a fantastic movie. That's Eric Vaughn now, right? Eric Vaughn. That's when I found out about what massage capability was. Pull up this pull up the story zoom in regime mob leader This is this is September 20, which is when this is what's today's date? Exactly a year ago a year 20th of a year ago. Okay, so this is exactly news. Wow, they're good 20th of a year ago. Okay, so this is exactly your news. Wow, they're good This thing didn't even happen in a mark regime mob lead by the way with VT news that AI has a predictive Element to it as well, which will have which we're excited about We're very intimidated if I was that guy and I found out that I'm dying regime leader accompanies Iranian president during US visit.

Starting point is 00:37:05 Okay, Golor, to see who this guy is. Golor, Rob, to see who he is. A leader of government vigilante mob who carried out the 2011 storming of the British embassy in Tehran is now accompanying Iran's president during the visit. What? Mojtaba Amini is also the producer of a TV series that has been criticized for glorifying imprisonment of dual nationals. Okay, so got it. Togholor

Starting point is 00:37:26 is a leader of vigilantes who stormed the bridge. Can you play the video? Let's see what he sounds like here. Play this video. You are a security serial investigator in the Gando, right? You came to New York easily, Mr. Amin. How did you get your visa when you made a security serial with the police? We don't talk to terrorists. You accuse us of terrorist acts in the American society. We are not terrorists. We don't talk to you. You accuse the victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about.

Starting point is 00:38:05 You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about.

Starting point is 00:38:13 You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about.

Starting point is 00:38:21 You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim of terrorism, we don't have anything to talk to you about. You are a victim So that's interesting. So there's a reason why they target, keep going, lower up, let's see what else it says here. Leader of the vigilante, go a little higher, leader of the vigilante, okay, go lower, grant a guy, keep going. So Amin is producing the gandu, was aimed to undermine the administration of former

Starting point is 00:38:36 President Hussain Hassan Rouhani while receiving praise from supporters of superior leader al-Khamenei, okay, so he was not a Rouhani guy. Member of the president Hussain Rou Rouhani administration, including foreign minister Javan Zarif, protested the series and even wrote a letter of complaint to Khamenei requesting its cancellation. Despite the protests, second season of the series was produced. The first season was drawn inspiration from Khamenei's repeated warnings about the enemy infiltration of the nuclear negotiation team. Ando Ghani in June, Mohammed as an Iran's minister of culture appointed Mojahed Amini as the advisor. Amini served as the secretary of the 41st edition of the annual international conference.

Starting point is 00:39:15 Okay, so he's somebody. There's a reason why they targeted this guy. This guy seems like to have a history. Rob, put, put, um, Monge Top, Aminie, um, let me see if I was on the other, let me know if I can, if, okay, is it was an ambassador to, interesting. What? It is the accuser of Zanis Pla. That is so, okay, here we go. Here we go. I just found it. Okay. Let, let's play this one, Rob, uh's play this one Rob not play play pull up this clip Pull up this clip if you can that I just sent you this guy's interesting. Why would you target this guy? I would you they they didn't want to hurt this guy. They wanted to kill this guy. This is not a guy

Starting point is 00:40:01 They're trying to hurt they're trying to kill this guy. What's's he doing now and why did he end up with a pager? Okay, so watch this Rob. Pull up, do you have the link to the article? Okay, has Iran's ambassador to Lebanon defected to Israel? He accuses it of Zionist plot. Mojtaba, I mean the Iran ambassador to Lebanon took to social media on Wednesday to refute swirling rumors about his supposed defection to Israel. These rumors have been dismantled by Israel's psychological warfare networks stemming from

Starting point is 00:40:29 their apprehension about potential Iranian responses. What? What? Did you get it? Are you reading? Let me read this one more time and tell me what it means. Iran's ambassador to Lebanon took on social media on Wednesday to refute swirling rumors about his supposed defection to Israel.

Starting point is 00:40:44 What does it mean, defection to Israel? He's basically denouncing his Iranian whole affiliation and he's going to help Israel. He's helping Israel. He's flipping. He's making aliyah. Go lower, zoom in. So the top demologist, Lev Jemal-Demir has forcefully rejected reports of his alleged allegation of Israel characterizing them as a deliberate misinformation of the episode on social media.

Starting point is 00:41:07 Iran's ambassador to Lebanon took on social media and wanted to refute this rumor. Gollin lures Zionists by gollore. By the way, what a move Israel if that's what I'm thinking. Salam Alaikum. These rumors have been disbanded by Israel's al-Qaeda network. In the recent days, Iran and Israel have been clashing rhetorically after Tehran blamed Israel for assassinating Hamas. Ishmael Hannai on its own soul late July,

Starting point is 00:41:31 Iran's leaders has vowed to retaliate after the breach. Okay, so let me say this, if they're doing this, man, that is some. So let me tell you how I read this. Israel creates the rumor through their media that this guy's turned against Iran to create a division within the community. So they create the division within the community because now internally some people now don't trust them because what if 5% this is true, then after there's division within it, guess

Starting point is 00:42:04 what? Blow up his pager. How do you hear, how do you read it Tom? Well I read it as he wasn't just an ambassador, he's working with somebody because he had one of the pagers. And so the Hezbollah, you know, bought the pagers, you know, Israeli through their BAC shell company in Hungary made sure they bought them. So how did this guy get one of the pagers? Hey buddy, to talk to the rest of the crew, you're going to need this. He's talking to them.

Starting point is 00:42:35 He's staying in touch with Hezbollah somehow. And perhaps he was shifting. But why is Israel saying that he defected to Israel? Why is that? And who creates that rumor? Israel, Mossad, or internal? Mossad is out there creating, look, there's military warfare, there's strategic intelligence warfare like terrorism on both sides behind the scenes, and there's psychological warfare.

Starting point is 00:43:00 And technological warfare, that's part of it right here. Exactly. And so it boils down to me, Pat, there's a lot of motive and everything behind it. Like you're pointing out, which is really good and deep, but there's also, why did you have a Hezbollah pager? Someone on the Hezbollah crew said, you need one of these to talk to who? Let me tell you, let me tell you, one time There's two guys That are each Saying that the other person is leaking information on me. Okay, and you understand what I'm saying or no, so I

Starting point is 00:43:36 Do I even want to go tell this story? Just you fake I'm not even gonna use fake names or anything this the method of finding out of who has your back and who doesn't It's not hard to do It's so easy to do It's not hard to do because there's so many methods all it takes is a Day a week a month to know who is fully loyal to you and who's only fully loyal to your face That is by far the easiest way to do it.

Starting point is 00:44:05 For you to filter out, you send those pagers to Hezbollah, whoever Hezbollah gives those pagers to, those are loyalists. You just identified who this guy really is. What a way to filter people out. What a freaking way to. When I interviewed the former director of Mossad five years ago, four years ago, he wouldn't say nothing. He was bulletproof. Bulletproof. These guys are some of the most incredible... no, it wasn't him. It was one of the older ones from the 80s or the 90s. If you type in the history of director of Mossad, I'll tell you which one it was. Shabbat, Shabbat, Shalom, no?

Starting point is 00:44:47 Go let me see which one it is. Keep going lower. Uh oh, now we're going down the rabbit hole. Keep going, keep going. That's the one right there. Shabtai Shavit. Yeah. Man, he would not say anything when he and I, it was a great conversation.

Starting point is 00:45:03 But he was like you could tell he died recently September interviews online last year in Sicily Italy well listen may God you know may he rest in peace but okay next story we get into I think we didn't figure out who this guy's but I think the market whatever you're looking at guys you guys can go do a little bit more due diligence for yourself as well. Interest rates. 11 times in six months, we raised the rates.

Starting point is 00:45:31 Never in the history of America have we done this. We haven't lowered the rates for over a year. We haven't raised them. We haven't touched the rates for over a year. And the last time we lowered the rates was four and a half years ago March of 2020 Rob if you have Jerome Powell making this announcement he comes out everybody's expecting a quarter of a point it's not gonna be anything it's only gonna be a quarter of a point we're even talking about it you said 50-50 I said 50-50 yeah half a

Starting point is 00:46:01 point yeah and then all of a sudden he says nope we're going to a half a point. Yeah, and then all of a sudden he says, nope, we're going to a half a point. Tom, I have a chart I want to show after you're done, but I want to hear your reaction when you saw this. Well, so I was a little bit, so I was 50-50. So was I super surprised? No, but was I somewhat surprised? Sure, because I was 50-50. And what everyone had been looking at, all the Fed

Starting point is 00:46:24 watchers, and I get away from all the chaff, and I try to signal the noise ratio. I try to get the signal and cut out the noise of a lot of the chatter. And what was in the signal was that there's a lot of these labor statistics on unemployment. The Fed's going to go faster on rate cuts if it's worried about unemployment or a stagnating economy like slowing down

Starting point is 00:46:47 So recession unemployment whoops gotta drop the rates Well recession everybody's been thinking it's recession or thinking we're in a structural recession right now But it's light and the labor numbers keep getting revised So everybody including the Fed had been saying, you know, some of these labor statistics, it's troubling to see them revised. And we've even covered it here. Remember of what was it, Pat, one month ago, they were missing 100,000 jobs. It came back a week later.

Starting point is 00:47:14 Oh yeah, we're sorry. It really was 100,000 different. Sorry. Meanwhile, the White House took credit for creating all these jobs and they revised it a week later. So with all that jobs data and the potential recession, that was a 50% of me that said, you know what, he may go to have a point there

Starting point is 00:47:29 to protect the economy. I get that, Tom, but what's, so the average person right now, that's, maybe let me read this thing and I'll tee you off with this one here, okay? So the stock market dipped after historic Fed rate cut, okay? Here's what experts think, okay?

Starting point is 00:47:44 Rob, I'm gonna send you this chart here. If you can do me a favor, I already sent it to you. If you can pull that up, that'd be great. So here's Fortune and what they think why this is taking place. So Fed cut the rates by half a point and calling it a move to demonstrate officials' confidence that the labor market can stay strong with appropriate recalibration despite the Dow dropped quarter of a basis point. S&P fell 0.29% and NASDAQ fell 0.31%. And Robert Frick, corporate economist at Navy Federal Credit Union noted that half a point

Starting point is 00:48:18 cut is an admission, the fit is behind the curve. BlackRock's Rick Ryder explained that the market reaction, saying the market has priced in a rate path that looks more like what an impending recession would require, rather than the Fed's less aggressive recalibration, the Fed's outlook of two more quarter of a basis point cuts this year. That's a full on, in 100 basis points by 2025, Disappointed investors. Powell insisted that the U.S. economy is in good shape, but his comment that we're not going back to near zero rate cause unease.

Starting point is 00:48:52 Watch this. Go back to that article I sent you, Rob. And by the way, before I even show this, I want to ask you a question, Tom. Don't go down before I even. So every time we've cut rates the first time, Tom, and Vinny and Adam, I just kind of want you to think about this. Yes, sir. Historically, when there's been these climbs of rate increases, okay, and then there's

Starting point is 00:49:12 the first rate cut, how much does the stock market drop after the first rate cut? I think you saw it. No, I didn't see anything. No, no, no. But historically, the market usually reacts down because the market is usually talking about what it needs and the economy Is showing what it needs and when the Fed finally responds usually the feds so that there's two theories fed chase and fed ahead Fed usually chases because fed looks at history the stock market the Fed reacts to history So the Fed is chasing its tail where there Whereas the stock market is always speculating,

Starting point is 00:49:46 it's always ahead. Yes, exactly. Got it, so pull it up Rob, go all the way down. It's sort of baked into the market already. Correct, so the market already. So zoom in on that one, that's the first one. The federal fund rate has increased 10 times in 14 months. I think it's 11 times in 16 months.

Starting point is 00:50:00 So if you look at that, that's the cycle that we've been going, right? Biggest since Jimmy Carter, 72. It's just like, bam, we went up. Okay, go lower up to show how the market tanks keep going. Keep going. Keep going You'll see the chart keep going keep going keep going. That's the one right there zoom out a little bit so we can see it Okay, so stock market valuation and performance after feds first rate cut. Okay, you got 74 80 81 84 89 95 Okay, you got 74 80 81 84 89 95 2001 07 so the first rate cut happens and Then if you go a little lower Robert shows the average of how much the decline is

Starting point is 00:50:34 twenty and a half percent That's the average Seven inches on the first day you mean no no not after the first dates Ninety four days or 20 days or four hundred thirty seven days, but after the first rate cut, the market tanks. 27.6% in 1980, it dropped 2%. 1981 dropped 22.6%. 1984 dropped 1%. 1989 dropped 8%. 1995 dropped half.

Starting point is 00:50:57 2001 dropped 42%. After the first rate cut, which is what a year and nine months the first one is a Three months this the third one is a year and two months and in the fifty five point five percent That's how many years that's a year and a half and a twenty four point two that we went through just four years ago Was and how long in roughly seven months right give or give or take, that it dropped 24.2. So if on average, if we go based on this, there's going to be a 20.5 market correction within three months to 18 months based on history. Based on history. That's what this is telling us. The question then becomes the following, okay? The question becomes, how different

Starting point is 00:51:45 is this than others? So then there's a story here from NPR here, four ways federal results, big rate cut, could change the housing market. So the average person is going to ask, how does this affect the housing market? Number one, mortgage rates may not drop much further. A lot of people are thinking it's going to drop. It says no. Although mortgage rates have decreased to 6.2, they're lowest since February 2023. Further drops will likely be marginal as the rate cut may already be priced in. Charlie Doughtry, a Wells Fargo economist, predicts that rates remain around 6.2 by the end of the year and could fall to 5.5 by 2025, still above pandemic levels, pre-pandemic levels.

Starting point is 00:52:27 Number two, lower rates could drive higher home prices, which we know that. Lower mortgage rates might attract more buyers, increase competition in a limited housing supply. And Kim from Denver Real Estate, he's a Denver Real Estate agent, points out that the first time buyers are especially impacted and many regret not buying earlier. That's what they're saying. That sounds like a realtor though. You have to keep in mind.

Starting point is 00:52:51 Number three, drop in rates may spur more housing supply. Okay, makes sense. And number four, affordability remains a major challenge. Even with the lower mortgage rates, affordability should persist as home prices have surged by 50% since 2020, far outpacing income growth, which is what the federal guy was talking about. So what is different, Tom, about this rate drop that we have, half a basis point, versus what we've had in the previous time we looked at? Well, the last three that we've had, so 2019, it was COVID.

Starting point is 00:53:25 We had dramatic economic impact. Go down to 2007, 2008. The housing market crashed, dramatic economic impact. We have not had a dramatic economic impact. Have we had an oil shortage? No. An oil embargo, an oil goes to 140? No.

Starting point is 00:53:42 Have we had the recession of 2001? Remember that was talking 644 days. So that was almost two years. 2000 to 2002 was the recession that was in. There hasn't been a dramatic economic impact this time. Like COVID caused havoc and 2008 the housing market caused havoc. And what's interesting is, Rob, do you have the Wall Street Journal big rate cut forces Fed? Just there's a little chart there. Not that one. The other one, the other one. Bingo. So they are saying that there's another half point coming this year, a quarter point in the first week of November and another quarter point, I think they meet

Starting point is 00:54:20 against on December 18th, I believe so November 2nd December 18th The Fed meets again takes a quarter quarter. So it's a point down when the Fed also signaled that it actually made this worse Because that tells oh not only you taking a half you're telling us quarter quarter So you're going bang bang bang and so the market is reacting Oh, so they believe so the Fed is believing the recession story. So Everybody's looking for the economic impact. Where is it? Are we going to admit that we're having a recession right now? go take a look Rob on the housing market that the other chart and

Starting point is 00:54:57 Go down to the first right there check this out So when they say refis are up 35% you have to remember the number of houses available to refi Look how low it is compared to the 20 million houses available to repie in 2021 Why because there's been no transactions So when they say they won't say numbers the real estate industry won't say numbers Pat They're only saying refi is up 35% the- But 35% over last year is still up over nothing. Check this out, Tom. Go to April of 2022, the low mark, right?

Starting point is 00:55:32 April, right there. Tom, from April of 2022, go till a month ago, Rob. Go till a month ago. Okay, keep going, keep going, keep going. Keep going, keep going, keep going till right there. Okay, from April of 2022 to August of 2024, that's 28 months. How many realtors and loan officers didn't make it during that 28-month period? So many.

Starting point is 00:55:57 Give me a number. What percentage do you think are out? You know what? The NAR, National Association of Realtors, would have that, but I haven't looked that up. But I would imagine you have to have dramatic shift in the part-time because realtors are 1099s and they get a license and then they just disappear. You know what I mean?

Starting point is 00:56:18 There's not a layoff. So that's the interesting thing that whenever you're looking to see layoffs, if Wells Fargo laves off mortgage administrators, like a mortgage officer, loan officer, you can see the layoffs, Pat. You can't really see what happens with... This article says... Because they're 1099s and they just kind of go to a side hustle and disappear because you don't lay off realtors, they just stop producing. And did you got... So you know that there was a... 47% of realtors didn't do a single deal last year There you go. So that's like a 47% didn't sell one house last year So they need that would be like a 40% of one house last year and go to the other chart that way

Starting point is 00:56:57 Right before that one. I believe that because it comes down to the Pareto principle the 80-20 rule 20% are doing the way Now go back to that Rob 47 principle, the 80-20 rule, 20% are doing the when you send them to the business and 80% are doing 20%. Now go back to that Rob, 47% of the rates show that. 47% of the time, half of the real estate agents around the district report, so 2000 random agents companies, California, Florida, Pennsylvania, New Orleans. Wow, go a little lower to see what are the numbers that says about houses, 70% of agents sold five or more. Man, I want to know what percentage of realtors and loan officers left the industry. The median number of sales was two. How do you live on two sales a year? That is insane. You don't. You do it part-time or you're pretending to be a Realtor when you're not really one.

Starting point is 00:57:34 That's right. I've seen all this in Miami. It's doing OnlyFans. You've got the fakers and you've got the doers. Okay no. Yeah you've seen that whole OnlyFans transaction of a Realtor. Now take a look here Pat. The rates are now down to six. whole. Now take a look here, the rates are now down to six, but take a look the last time it was six in 22. You're to get activity. We really got to get back down into the fives because we've been above six. We're getting there, no? Well, yeah, Rob, do you have the today's mortgage? So the guy from Wells Fargo is right, but he's not right. Go to the Google national, because take a look at what's happened already. He was saying 6.2, Pat. Take a look at this. Nothing.

Starting point is 00:58:10 Right. But the 20 years 5.9 and a 30 year fixed VA and the 30 year fixed 6.2. And this is 6.760. So we're not doing anything crazy here. You know what I mean? This is just regular citizens with a similar to the loan that Rob got when he bought his house a little over a year ago, right? About two years, but yes. So Rob's right back to where you were two years ago, right? Thanks for bringing Rob's personal financial situation to the mix. I got a 6.5% interest rate.

Starting point is 00:58:37 That's what I got. But I also bought July of 2023 when in Florida housing, the housing market was at the peak and interest rates were at almost their highest. Hey, Rob, congratulations market was at the peak and interest rates were at almost their highest. Hey Rob, congratulations on buying at the peak of the market. I'm really happy about that buddy. So you're still next year 5.5 probably justifies it, you know, to do it. This report suggests, I'm looking at this report saying that since the new commission

Starting point is 00:58:59 structure is changing with real estate agents and loan officers. It suggests that the agent count in the US could theoretically decline approximately three to six hundred thousand people Okay, which is roughly sixty to eighty percent of current and a our membership of 1.6 million could leave the industry There you go during this to all these guys and the way and by the way, this is one of the ways I saw it with real estate and loans when two years ago, and this is a very weird way of looking at it, our CEO tickets at the vault conference, you know who comes to that event.

Starting point is 00:59:34 We spend a lot of money at this last vault conference. Owners, leaders, people building jobs. We showed people how much money we invested into the vault 2024. Do you remember the dollar amount? Ridiculous. What was the dollar amount? 8.4 million we put into the vault conference, right?

Starting point is 00:59:50 So we don't have a pitch fest. People that come in, they come in, right? And the event packed, covered, Rob, do you have the picture of what the event looked like all the way in the back? Cause you know, everybody always shows their events and the next thing you know, I don't know if you have the video of the one all the way in the back. And there's a reason why their events and the next thing you know, I don't know if you have the video

Starting point is 01:00:05 of the one all the way in the back. And there's a reason why I'm going with this that has to do with realtors. Very important for realtors to hear this. I don't know if you have it Rob, I'll air drop it to you. Okay. If you can just be careful,

Starting point is 01:00:17 put your phone aside when I air drop it, I don't want it to blow up. Just set it aside. Yeah. So anyways, so two years ago, and I'm not even kidding with you, two years ago, Rob, Adam, Tom put his iPad away, two years ago, a quarter of the attendees were in real estate and loans. Okay.

Starting point is 01:00:37 I'm not even kidding. Two years ago? Two years ago. Because the market was doing great. Of the companies we were consulting for, loan officers, realtors, they're making two, three, four hundred grand a month. Ascorations. They're making three, four, five million a year.

Starting point is 01:00:48 They're making real, they got Exotics, Rolls-Royce, Ferrari, all this stuff, right? This year, I asked to stand up and raise your hands. Wasn't the case. The event we spoke to the other day, clever, the real estate event that we went to, those are realtors. So this is the vault conference. This is at the Palm Beach Convention Center We can't do it again next year this place because we just don't have the place for it. Go ahead Rob We grew a hundred sixteen percent. Are you kidding me?

Starting point is 01:01:17 That was me right there wasn't back look at this I look how people back of the room is packed but but to the end of the wall But the part would real estate and loans, 80% may be filtered out. The people that stick around and are great at relationship building and saving money, you will not be affected. That's the part. If you can stick around, the market's not going to stop selling million dollar homes, five million dollar home, 10 million dollar home, 20 million dollar homes, half a million dollar homes, it's not going away.

Starting point is 01:01:46 But a chunk of them, that 28% of people, the 28 months of not making money and selling homes and refis, that filtered out a lot of people. Adam. I mean, I've seen it because you know who got their real estate license in 2006? This guy right here. Why did I get my real estate license in 2006? Because I didn't know what the hell I was doing with my life at that point. I was doing the night life. Yeah. Yeah. California was like the largest number of people applied. Did you

Starting point is 01:02:14 really get in? Oh six. Yeah. I got it at the peak of the market. Horrible decision, but I didn't know what I was doing. Yeah. Talking shit about Rob. Look at you. Yeah. But there's a difference in buying a house for a half a million and getting a real estate license for 500 bucks. Big, whatever, dude. No, I did. Um, but there's a difference between buying a house for a half a million and getting a real estate license for 500 bucks. Big, whatever, dude. Nah, dude. Um, but the reason I was doing this is cause I didn't know what I wanted to do. And this is a story about basically what a lot of people do is they're like, ah, I don't

Starting point is 01:02:33 know what to do. The bar is so low to get your real estate license. You take a class, you go to Gold Coast or whatever it is, you study, you maybe pass it, you maybe fail it. Boom. He's in the second try. You're getting a realtor license. Hey, go out there and try to get your maker into the world. You start doing rentals, you

Starting point is 01:02:49 start basically getting where you fit in. But here's something about realtors that a lot of people need to know. I don't know if there's a profession out there where you need to look the part and fake it till you make it more than being a realtor. You have to drive a nice car, you're driving clients around. How are you as a new realtor going to compete with the big dog out there that's listing $20 million properties while you're trying to do a rental for a $2,500 property? You got to drive a nice car. You got to have a nice watch. It's literally smoke and mirrors in this business. But the people that deal with the ups, the downs, the left and rights, the people that I've been seeing the

Starting point is 01:03:25 realtor since 05, 06 in that world for the last 20 years, the same people, the guys and the girls that stick it out, that basically save their money, reinvest in the business and are not just using all their proceeds to look cool rather than actually be wealthy. They stick it out. Guy sends me a Manek today. Okay. I'll read the Manek too and I'll respond to it. I rarely send five minute answers, but I send this guy five minute answer.

Starting point is 01:03:48 I won't say the guy's name. He says, my buddy has a dealership and whatever state, and he used to sell 125 cars a month. The car market is entering a rough time right now. Okay. And he's had some issues with the company, et cetera, since asking this question. And I said, there was a time in 2021, where everybody was paying 10, 20, 30% above MSRP

Starting point is 01:04:17 when you were buying a car, like maybe not 30%, but exotics were selling like you wouldn't believe. You're buying a $200,000 car, if it's brand new, you would pay $100,000 more to buy the car. So $. You're buying a $200,000 car, if it's brand new, you would pay $100,000 more to buy the car. So $300,000 for a $200,000 car. If you were buying even used cars, we're saying $20,000 more than what the car was worth because of the chips.

Starting point is 01:04:35 So all these guys that went in, what I said to them, I said, what feedback do you have for my friend? I said, was your friend saving money? This week, what happened? Yesterday, where we're at, right? Why was that able to happen? Because of saving money. If you don't have money, you can't buy that

Starting point is 01:04:52 because it's a cash deal. Everything right now, to all the people that made fun of people that are saving money, if you don't like, I said to this guy, I said, the first four, Tom remembers what I was making. You know what I was pulling my, paying myself, the first two, three years of starting an insurance company, I didn't pay myself anything.

Starting point is 01:05:10 Jen and I lived in an apartment at the summit in Woodland Hills. Literally, regular apartment at the summit in Woodland Hills, right? Yeah. And then by the third year, I'm paying myself 80, $100,000 a year. That's nothing I can, my expense, I'm barely making 80, 100,000 dollars a year. That's nothing, I can't, my expenses,

Starting point is 01:05:25 I'm barely making it, right? And then we start going and going and going. I start paying myself a little bit. I've never been the highest paid guy in the company, but we always had cash. So we need to invest into bamboo, we had cash. We need to go raise money, we didn't give that much equity because we had cash.

Starting point is 01:05:41 Every time we had cash to reinvest, the mistake in every business, but it's so common in the real estate side, is they don't value cash. It's all go, go, go, go, go, not realizing every five to 10 years, shit happens to the real estate industry for two years. So if you do it right,

Starting point is 01:06:00 you can really end up building something like Keller Williams did, but it's only if you're thinking long building something like Keller Williams did, but it's only if you're thinking long term. By the way, for some of you guys that are in the business, real estate, all this other stuff, there are some really good guys on Manect, like really, really good guys that are real estate specialists that have done very well in insurance. You can go back to that Manect right there, Rob. You guys that are private equity business guys, you can obviously Manect any one of us. I'll respond back and answer

Starting point is 01:06:24 questions for you. I'll only answer in audio so does everybody else here. Adam does some text and audio and Adam does a lot of calls. If you want to talk to Adam and Tom, they do a lot of calls. But this is a time to get the right advice from the right people. If right now you just kind of stay by yourself, this is a very scary time to just be by yourself not investing into yourself. Can I give you just a little bit of credit? Yeah.

Starting point is 01:06:45 You have no idea how much respect I have for you, sort of the methodology that you do, because you have every right to be the baller out there. You've obviously made your hundreds of millions. We all know this, but we all know that 150 million, hey, what it used to be. We know that, but you've said things to all of us such as treat the company's money like it's your own. Oh, okay. Cool.

Starting point is 01:07:11 Like just because this guy's got hundreds of millions. I shut the lights off in the bathroom. You better buddy, or else you'll be sweeping the bathroom. Well, there's a reason for that. But there's also things like, you know, cash is king. Save that money. You never know what's around the corner. When the tide goes out, we're going to see who's actually being smart with their money.

Starting point is 01:07:25 So it starts from the top. Whether it's an organization, whether it's the head of the household, if you sort of set the tone, this is how we handle money here, guys. We're not going to be just be lavishly spending when we can be saving because when the time is right, we're going to have this opportunity to buy something very unique for the company that Pat will announce soon. But at the end of the day, you have the pretenders and you have the professionals in everything. You have the people that Pat will announce soon. But at the end of the day, you have the pretenders and you have the professionals in everything. You have the people that wanna look rich and you actually have the people that are actually

Starting point is 01:07:49 wanna be wealthy or are wealthy. And there's a significant difference. The bottom line is this for me, you have sprinters and you have marathon runners. The people who are playing the long game are the marathon runners like Pat. They know what is, you said time and proof. Test of time, five, 10, 20, 50 years, you're going to figure out

Starting point is 01:08:06 who actually was good with their money or good with their morals and their values. The sprinters, they're going to look good for a year for two, for three. But at the end of the day, when the market shuts down or they basically run out of money or the economy tanks, boom, the marathon runners are actually going to show who actually saved that money. Tom, going back to the story, I know you want to move on, but Jerome Powell, Tom, what is it that this rate cut had something to do with unemployment? So the Fed uses rate cuts. If inflation is high, what you do is you raise the value of the US dollar by raising interest rates. When unemployment starts getting too high, you lower rates so that

Starting point is 01:08:43 businesses can get loans for sensible purchases. Building a new factory, building a building, adding equipment. You see what I mean? Sensible. And it's a and they're supposed to delicately turn the dial. Kind of like have you ever been in a hotel where if you turn that shower just one inch it's way too hot and you turn it another half inch, it's way too cold. Think of that's the way that a sensible Fed is controlling interest rates in our economy. Just think of it that way.

Starting point is 01:09:13 Can I help Vinny real quick? Because I think you're getting mental shrinkage when you turn the cold water down. Here, let me explain. Did you have a follow up? Let me explain this to you so you fully understand. I'm going to say it in two sentences. The Fed, Jerome Powell, he's got one main job, control the economy. He has two basically things that he does to control the economy. Number one, he has to deal with employment and unemployment.

Starting point is 01:09:37 He has to manage that. And the other thing is managing inflation. What's going on with all this? So he's controlling inflation. You said two sentences. You're on 15 now. He's controlling inflation. Got it, go for it.

Starting point is 01:09:47 And dealing with employment. Gotcha. The point I was going to make back is he just came out yesterday, I think, right, Robbie? And he blamed the migrant crisis for this growing unemployment. He said, if you're having millions of people come into the labor force, then you're creating 100,000 jobs. You're going to see unemployment go up.

Starting point is 01:10:01 And he was saying, so it really depends on what the trend underlined, the volatility of people coming into the country. So this whole, every time I hear Kamala and them brag about Pat, how amazing the economy is doing, they're full of crap because it's been steadily going up since spring of last year. And after starting the year at 3.7, it stood at 4.2 in August. The U.S. has slowed down in adding jobs in recent months with a disappointing 142,000 in August that fell short by 20,000 jobs. So every time I hear Kamala Harris saying, Pat, she keeps coming up and she keeps going.

Starting point is 01:10:30 You just made the best point. Moving forward, you're the guy. All right, let's go to the next one. New York Times workers threaten to strike on election day. So think about this. New York Times, they forgot what they do for a living. They're threatening to strike on election day, unless think about this. New York times, they forgot what they do for a living. They're threatening to strike on election day, unless their demands, including a four-day work week. You're in media. Unlimited sick leave. Unlimited sick leave. Yes.

Starting point is 01:11:00 Can you imagine like unlimited sick leave? Leave already. Fire these guys. Don't they have some nonsense about their pet? Yeah, there it is. Pet bereavement leave are met. God forbid. Immigrant use your cat. The strike is strategically taking a day off. This strike is strategically timed for maximum disruption with 95% of the union approving the vote. Can you imagine? 90% of the what? 95% of the union. What's that word? Approving the word. The Times Tech Gill, representing 600 staff, also seeks job security amid AI development and protection

Starting point is 01:11:34 against gender and racial pay disparity. Though the New York Times stated it found no evidence of discrimination in a large scale audit, management claims many of the demands could violate employment laws and are atypical for bargaining agreements. New York Times says the union's proposal, such as banning machine learning and limiting editorial content based on advertisers, could cost over $100 million and may give tech workers undue influence over editorial decisions a major concern for the company. What the hell are these guys thinking, Tom? It's called denial, and denial is the most powerful drug in the world.

Starting point is 01:12:15 The workers are in a state of denial. The New York Times has done better. I think it's the Wall Street Journal and the New York Times, and keep me honest on this, Pat, I think they've done the best with digital subscriptions. I think it's the two leading... Oh, no, the number of subscribers, they were number one, if it's not WSJ. So these people should thank their personal God that they have a job because the New York Times has not decimated itself like the LA Times.

Starting point is 01:12:39 The LA Times has been decimated and I think it's been bought and sold twice in the last six years, eight years. I believe that's correct. And there's a billionaire from Chicago, Sam something, that bought it and it just crashed. Meanwhile the New York Times has successfully have digital subscription so these people still have jobs because somebody did the right strategic decision. Now they're throwing the kitchen sink at it because the economy is pretty good. The Times has got money thinking to digital.

Starting point is 01:13:05 So now the union's coming back and asking for the moon. This is a union that is just not thinking straight, attacking, you know, don't bite the hand that fed you, and then pointing out that, oh, we don't want AI or machine learning and these other things because now they're scared of that to take their jobs. You only have a job because the New York Times, still New York Times. Times however I've noticed

Starting point is 01:13:26 you know there is a prediction it was made that the strike will have no impact on the quality of the crap coverage they put out. Oh check this out this is a number of subscribers New York Times has Tom 9.4 million and the Wall Street Journal there is number two at three and a half million then it's waffle Rob can you zoom in a little bit what rattle and then it's a what is that one who's that Gannett got get it and then you have substag us weekly Dow Jones which is excluding Wall Street Journal 1.2 million Financial Times Weather Guardian News Corp Australia by we near LA Times

Starting point is 01:14:01 not even on there as you can see in Chicago Tribune, where's the Chicago Tribune? These used to be pillars of American news a time sold for 500 million to Peter June I believe go check to see who about LA Times after Sam Zell paid a billion for it and dropped it on his foot and broke it Who type in who bought LA Times? I think it's a Peter June. Yeah, Patrick Yeah, bought it for 500 million. After Sam find out how much Sam's L paid. Watch this, Sam. Watch this guy. Sam's L rest in peace.

Starting point is 01:14:34 Pay for LA Times. 280, 280 million in 1991. 1991. So he bought it for 280 million. Now it's a half a billion. I would understand buying LA Times if we were in LA. Know what these are right now, buying it, because to be able to change it and help it out

Starting point is 01:14:54 would be a lot of work. By the way, to go back to this, to go back, go ahead Adam. No, I just have one thing to say about, I guess unions in general, because Tom was sort of highlighting the, what'd you say? Union. What'd you say? Union.

Starting point is 01:15:09 Did you see what happened? Obviously we know which way that the New York Times union will probably lean politically and basically what they stand for, especially with the pet bereavement rest in peace. Unlimited sick days. But did you see what the Teamsters union came out and said the other day? They're not going to support any president. Which was, which was very interesting. Cause when you think unions, you think collectivism. Not supporting any president. They're not supporting a president. Correct. Yeah. They're not, they're not.

Starting point is 01:15:34 I understand. But saying no is supporting a president. Yeah. With the numbers. I agree. I agree. First time, no endorsement this election cycle. But look at the numbers. But look at the numbers. 5831. There's a couple different unions that have sort of made headlines in the last year or so. There's the UAW, which was that led the United Auto Workers Union. We all know that that was the guy, Sean Fain. He spoke at the DNC and he's the guy that basically said that

Starting point is 01:16:00 billionaires shouldn't exist. And he's sort of a socialist communist, which is sort of what unions kind of have that vibe, right, Tom? But then you have this other guy, Sean O'Brien, he spoke at the RNC. It was the first time a president of a union member spoke at the RNC because they're usually sort of doing the DNC. Was he the UAW guy? No, he was the other guy. He's the Teamsters Union.

Starting point is 01:16:22 And he has this thick Massachusetts, he's like, I'm here representing the Teamsters Union out of Massachusetts. I'm sort of doing a New York accent, but go with it here. And he goes, the union just wants the right thing for the people. And you park out there. We're going to take care of that. And he came out and basically said,

Starting point is 01:16:43 yeah, we're not supporting anybody this year. I can't really basically condone, wink, wink, what the Democrats are doing. And you know, fiscally speaking, we're not exactly the Republicans. But it is a, this guy right here, it is a bold statement for the Teamsters Union. I think it's the International Brotherhood of Teamsters that come out and say, we're not supporting anybody this year. That's a, the writing on the walls for the democratic party out there, the unions. Did you see their internal polling?

Starting point is 01:17:12 What led to this? They don't like the woke agenda. Electronic member polls has Harris at 34% and Trump at 59.6%. The research phone poll, Trump is 58, Harris is 31. Keep going, Tom, Robbie. Yeah, look at that. 44. I'm sorry. Go back to that stat. Look at that. This is Biden. This was April. This was April. They had Biden up by Trump and then keep going, Robin. And now look at this. Whoopsie. Whoopsie, gone. 60, 34%. So that's kind of, it's kind of weird that they're not actually saying that.

Starting point is 01:17:48 Tom, why the flip there? What's going on over here? Let's stay on this, guys. Stop, stop, stay on this. So New York Times, New York Times, going back to this, pet bereavement, unlimited sick leave, four-day work week. They're asking for that. By the way, and they're saying discrimination, right? So New York Times is supposed to be the company that is writing about other people, discrimination,

Starting point is 01:18:10 other people not taking care, they're going through it now. Yeah, they're supposed to be the DEI flag carrier. They're supposed to be the DEI flag carrier. And now they're realizing you can't do that in media. You cannot do that in media. When you're working in media, at any time story breaks, you can't say, I'm off. That doesn't exist in that space when you want to move up, especially when you're working for a company like New

Starting point is 01:18:33 York Times. And by the way, this is also going to the story with what Amazon is saying. Amazon finally came over and said, listen, we're done with this bullshit. You got to come to the office. The whole working from home flex BS that you guys are asking about, we're done. Amazon's return to office plan sparks concern and debate amongst employees. Their decision to mandate, they're mandating five days in the office starting January causing a mixed reaction with one software engineer stating, people are not happy about it and calling it unreasonable.

Starting point is 01:19:02 Oh my God, unreasonable to be at the office five days a week, given data showing productivity outside the office. Others are already attending four days a week, were less affected, but the change drew significant complaints about the added commute times on social media. The policy marks a stark contrast to the wider tech industry where only 7% of companies require full-time attendance compared to 33% of all the regular companies in the US. Rob Sadow, CEO of FlexIndex remarked, do you know something that we don't know? He said, is there something in their data or in the way that they operate that's finding

Starting point is 01:19:40 that full-time in office is going to be better? Tom, your thoughts on this story here. Well, first of all, Andy Jassy, if you take a look over the last 20 years, Amazon has been a model of efficiency. They're a retailer. They have tight margins. You look at the margin on books, the margin on third party retail stores,

Starting point is 01:19:57 and what they sell to you and me, and prime delivery, it's tight. And they make bank on AWS. Well, they figured this out, and Andy Jassy was talking about say hey listen When you have people in the office he says I don't want to hear about productivity an isolated person there Undistracted at home is the productivity argument. It doesn't happen at layers up People are having meetings and hallways. They have a pre meeting they talk. They talk about things. You encourage somebody. You mentor somebody. And what Andy Jassy says, number one, we're going to flatten the organization. If we flatten the organization with less layers,

Starting point is 01:20:34 that means that mentorship is even more important. You don't have layer, layer, layer, layer. And he's pointing out that, listen, we're going to remove these layers, flatten it, and we're going to increase the ratio of individual contributors to managers by 15% by Q1. So people are going to have larger teams. If you have a larger team, you know, and you're in the office, you have a better opportunity to be mentored. And we have seen story after story after story over the past year about people in the office

Starting point is 01:21:04 manage to get promoted and better raises. So the people that want to be individual contributors and just want to sit home and yet they still want the raises, companies are saying no. Even the companies that have people that have more work from home, the raises are lower. The opportunities for promoters. How do you promote somebody? How do you mentor your team? How do you look over their shoulder and come in and talk to them and give them a tip on something? And so Amazon has been a model of efficiency,

Starting point is 01:21:30 and Jeff Bezos pushed very hard on things about how to run the organization. I think Amazon on this path is a leading indicator, and others are going to follow up. Of course it is, and it's going to scare the crap out of us. Check this out. Here's what he said. Jassy reveals plan to remove layers and flatten the organization by increasing the ratio of

Starting point is 01:21:49 individuals contributing to matters by 15% by the end of it. He highlights issues like pre-meetings for the pre-meetings, for the decision meetings, and stressed that reducing meeting layers would help teams move fast without it. And then at the same time, he said, unless there are extensuating circumstances or an approved exception, Jassy emphasized before the pandemic, it was not a given that folks could work remotely two days a week. And that will also be true moving forward. They're done.

Starting point is 01:22:21 If they do it, everybody has to follow their lead in their world, and that scares the crap out of a lot of engineers. Let me go to the next story. Let me go to the next story. I don't want to stay on this here. I want to go to the next story. So Diddy is the next story. Obviously, you can't do anything right now without talking about Diddy.

Starting point is 01:22:37 Diddy is today everywhere. He denied bail after pleading not guilty to sex trafficking crimes. Judge ruled that there were no conditions that could ensure public safety due to the private nature of the alleged crimes, emphasizing the weight of the evidence against him. Did his legal team plans to appeal? His lawyer saying he is innocent, he's not afraid of the charges, we're going to stand by his side. Diddy offered a $50 million bond surrender passport and proposed home detention, but the USDA deemed him a flight risk with a decades long history of violence.

Starting point is 01:23:19 The indictment alleged Diddy ran a criminal enterprise through his companies using firearms, threats of violence, coercion, and sexual abuse to control victims, authorities, seized freak off supplies, and weapons during raids, revealing disturbing details about Diddy's alleged abuse. They found, apparently they said, what did they find? The amount of stuff they found on the place, which was ridiculous. Even 50 cents. A hundred bottles of baby oil. 50 cent trolls, Diddy and his 1000 bottles of lube and baby oil found in a federal raid.

Starting point is 01:23:54 He took a shot at Diddy after his longtime rival was arrested on sex trafficking and racketeering charges. He says, the Indy Club rapper, 49 49 posted a picture on Instagram from his appearance on the Drew Barrymore show and made a crack about $1,000 bottles of lubricant and baby oil that were seized by Homeland Security at Combs home back in March. Here I am looking good company with the Drew Barrymore 50 cent caption alongside a snap of himself on Drew Barrymore 49. So what do you think about all this stuff, Inning? Well, first of all, I mean, dude, it was only a matter of time. How much stuff do we have to

Starting point is 01:24:27 see from the past? And I hate when Tom, what's it called? The Statue of Limitations, when the time... Statue of Limitations on certain crimes. Once it expires, you cannot be prosecuted. We saw, besides all the dirty, freaky stuff that we heard, which whatever, he's a freak. We've heard about the rumors from the hip hop world, but the video of him grabbing that girl, dragging her, beating the hell out of her and nothing happened. The hotel video. So the sex rooms in his mansion, Cassie, who was his long time girlfriend. Yeah. This video, this video, just, just seeing this, just seeing that right there, that is, That is Sean Combs doing this to a woman and because what it was.

Starting point is 01:25:07 Not just a woman Vinny, his girlfriend. Okay, well I mean, besides a relationship, that's a female, this doesn't put you in jail. So they protected them for as long as they could protect them for, right? But the sex rooms, PBT that you were talking about Miami, where Phil, they had six sex toys, bondage gear, hidden cameras, just like Epstein, lingerie.

Starting point is 01:25:25 According to federal sources, he said that as bad as Epstein, this federal source said, and one of the Department of Homeland Security agents who helped raid Diddy's Florida home claimed that the mogul had rooms that were clearly just dedicated rooms, plural for sex. And he said, so if you were in these sex parties, you were being recorded from every possible angle, including angles that you wouldn't even know about because they were hidden. And he said, so if you were in these sex parties, you were being recorded from every possible angle, including angles that you wouldn't even know about because they were hidden. And he said days long, they called them freak ops where he drugged up victims and they were allegedly forced to sleep with male prostitutes.

Starting point is 01:25:54 I sent Rob, I sent you this video. I'm pretty sure you guys have all seen these videos that are just surfacing from Diddy. This is Diddy of him at a party and what he does to his guests at his parties. Check this one out. Look what he does. Look at him, Adam. It's just during the sundown. Ladies and gentlemen, for all those in London that don't know what happens to the white man when he comes to a P. Diddy party, this is what happens to the white man. Look, that guy is just... Oh, it's so unfortunate.

Starting point is 01:26:23 You gotta pull back though so they can see look you're proud of that? that's crazy man move out the way you're still alive look at that look at look what you think? he had a drink on his head and that's and that's James from Simeon Mobile Disco he is putting people on blast DJs aren't supposed to pass out but when they come to one of my parties this is what happens to them. I put them to sleep. Next day right? You put the drink on his head. Just FYI they're not just coming for Diddy Pat.

Starting point is 01:26:51 Okay this is you guys heard it feds and Homeland Security okay and the last time the only thing I'm worried about Tom not worried but I mean it is what it is he's in this prison uh this jail they're begging for him to come out one of the reasons the judge won't let him come out is because he's dangerous. They'll help people go after these witnesses. And this is, I'm telling you right now, I wouldn't be surprised if, God forbid, something happens to this guy while he's in prison, because we've seen people that have these cameras set up in houses and high profile people that have been recorded. They're panicking right now. Well, I was looking at interest rates and doing a lot of things. No, no, really. I wasn't diving into the story and reading everything I could on it.

Starting point is 01:27:30 But I saw a couple of clips yesterday from the breakfast club and the breakfast club. We're talking about, this is just the beginning that there's two other big names and like seven other people that are going to come, that are, they're going to also end up in front of the judge on this and it's just it's it's crazy and if this is the way it was operating then this is finally hashtag me to coming to the music industry after it walked through the other side of the media industry and Les Moonvives and and Harvey Weinstein and everybody you know had, had their moment. Now, Diddy's gonna have his moment. Apparently, it's the biggest and most salacious moment of all. And they're saying his, Christina Coram, his

Starting point is 01:28:15 combs chief of staff, she's probably gonna be one of the main witnesses in the probe and she was a huge member of his team and they're calling her, they're dubbing her online as the Ghislaine Maxwell, the right hand, dubbed as his gatekeeper. So I'm telling you this, I don't see him. The fact that the judge won't give him the $50 million bail to come out, it's not good. It's Al Capone's accountant all over again, right? It's somebody close to the big guy. Yeah. Speaking of Al Capone, I actually have a question for PBD because, you know, there's two things that they said in this thing right here. They said he's denied bail after pleading not guilty to sex trafficking. Yep. And then the other thing was racketeering charges. We've seen what's going on with the sex trafficking of that. He's in jail. He's

Starting point is 01:28:51 literally in jail right now. He's denied bail. You know, did he's famous lines. Take that. Take that. I don't know what's going on in jail right now, but hopefully it is not a probably love and that right. We'll see what happens there. But the racketeering thing, you've interviewed Sammy the bowl and Michael Francis and the list goes on and on and all the whole Rico charges, you know, the whole concept of racketeering is that you're in an illegitimate business, basically disguising as a real business, but it's actually fraudulent bribery, extortion, fraud, money laundering, drug trafficking, embezzlement. What's the Rico? What's the racketeering in your opinion of what could potentially be

Starting point is 01:29:25 going on with Diddy just based on everyone you've interviewed? Well, there's so many categories to it, right? I mean, you get to pick and choose. They get to pick and choose the way they wrote this law allows them to go after people for different reasons. Okay. You pick and choose which one this is. He's in most of them.

Starting point is 01:29:41 Yeah. He's in most of them. If you think about it, right, with the stories that's coming out. By the way, think about, so Stephen A. Smith yesterday's doing a show with another guy that they have on and the other guy says, this isn't just about Diddy. Diddy's life is on the line right now and people, I mean, it's just at any point anything could happen to him. Forget about the fact that he's got a lot of risk on the line. Think about him, the comparison with him and Epstein, right? Here's a story.

Starting point is 01:30:11 Meet Sean Diddy Combs' manipulator and chief who was once compared to Jalane Maxwell. Did you see this story? Let me read this to you. Let me find that picture. Christina Coram, chief of staff at Combs Enterprises and described as Diddy as his right hand is alleged to be the manipulator and chief in federal investigation. As close to ours claims she knows everything about Combs alleged sex trafficking activities. Although she's not been arrested or charged, the federal endowment accuses Combs of using

Starting point is 01:30:35 high ranking supervisors to facilitate and cover up the abuse with Karam allegedly organizing freak offs involving sex workers and raids on Didi's mansion, seized narcotics with over a thousand bottles in a separate lawsuit. Little Rod Karam is compared to Jelaine Maxwell, to Shawn Combs, Jeffrey Epson, and accused of ordering sex workers for Combs. Little Rod also alleges she made staff carry drugs for Combs. Okay, at this point, everyone knows Didi's done. This isn't about Diddy. This is about anybody and everybody that went to that house or the other one, LA or Miami,

Starting point is 01:31:16 that did anything after having three, four, five drinks and you went to a room and you don't know what happened. You don't know what's recorded Those guys who went to those parties They're all calling each other. Oh, yeah They're all calling each other saying oh Dude, you were at that party, right? Yeah, you know what's gonna and not only and by the way great for all the people that are calling each other Then there is the last call. You know what the last call is who you're calling Nobody it's you and yourself.

Starting point is 01:31:48 You're calling yourself and you're saying, oh man, it's just you and Diddy. And imagine the conversation that you're having, because you know Diddy's got the tape of what she did. Oh my goodness. So imagine those politicians, the athletes, LeBron's partied there many times. Oh, so now with Barack Obama and everybody.

Starting point is 01:32:03 Exactly. Imagine those guys who are sitting there saying, Hey, we have to get those tapes at all cost. ASAP. Then when they say we have to get the tapes at all cost, here's the question. Who is we? Who is we when he said we have to get the tapes?

Starting point is 01:32:22 Who's we? And what is the cost at all cost? But hang on a second. Who is we? All the people, to get the tapes? Who's we? And what is the cost? At all costs. But hang on a second, who is we? All the people, all the higher ups, who is we? Let's just say all these usher, all these people that have been to the free cough party. Do you have a clip of usher at the free cough party, Rob, and what he says? Well, here he is talking about living with it.

Starting point is 01:32:37 This one, he was a teen. Don't worry about this one. But so all these people that went there, right? So you know, when they say, say those people have the clips, say it's the, because this is typically how it will happen. Let's say this is one of the most, the faces of the NBA. You're on the faces of Hollywood. He's an incredible political leader on the left or the right or whoever, right? That person's a famous lawyer. This person's a, you know, a singer. That person's a famous lawyer. This person's a you know a singer that person's a pastor

Starting point is 01:33:07 Say they have those clips number one. Let's just go through it if they have those clips number two Then they say who talks on their behalf The lawyers their people if he's a celebrity who talks on their behalf their agent or lawyer. Yeah, so now who knows Agent lawyer publicist all these people so now who owns you oh my god all of your agent lawyer yeah the agent lawyer who say we have to get these tapes and they get on that call who do we that gets the tapes who gets the tapes it's not the agent and the lawyer who gets the tapes it's well it's not thought it's not the person who

Starting point is 01:33:44 is who gets the tapes who took this who went to this guy's house the feds the feds get the tapes so now who knows agent publicist lawyer and fed once those guys have it for the rest of your life your loyalty is to them your own that's it you have two choices, either the public, your kids, your family, no one, or you're doing whatever they tell you to do. There is no arguments. I don't know if I'm painting the picture. Oh, no, you paint. You painted it perfect because it's like the levels of like you're, you're cooked. You can't do and then, and now here's the thing. They have even if they have I mean the FBI has all these tapes God knows

Starting point is 01:34:27 because remember when the first time it happened Tommy got on the private or he wasn't on the private jet they filled that private jet and it flew somewhere else remember it landed somewhere Turks and Caicos or or wherever the hell it is but go going even deeper pet like now that he's in there he's there's a possibility that he might talk so like you said there's a possibility that something's gonna happen to him while he's in there, there's a possibility that he might talk. So like you said, there's a possibility that something's going to happen to him while he's locked up. Remember what happened when everything, the cameras didn't work, security was lax, he hanged himself, whatever.

Starting point is 01:34:53 And then that girl, the girl that hasn't been arrested, you think she's feeling safe right now? His gatekeeper, Karam, what's her name? Christina Karam, she has to watch herself too, because I'm guaranteeing they're talking to her. They're gonna say, you won't go to jail if you tell us everything. Well, I wanna know what the second and third arrest is, because racketeering requires, it is an organization

Starting point is 01:35:17 and a pattern. That's what's in RICO. That's why you get the mob. Multiple people doing, selling drugs over and over again, importing illegal alcohol without tax stamps, which is big in South Florida, even to this day. That's what they call it. Organized crime.

Starting point is 01:35:34 Correct. So it's like, so the question is who else is going to be arrested because if he's being charged with racketeering, who else is in the racket? There's at least one other person. So it's at least two and it's a pattern. Well, just look at the Epstein example. It was him and Jelaine Maxwell's could have just been Diddy and this Christina Coram chief of staff of Freak-a-leak enterprises out here.

Starting point is 01:35:58 And everybody else, let's say there was five in Epstein. Let's say there was five. Those other three are informants now and they're not charged and we won't know their names. Well Pat, you remember what we learned about, what was it? His last name was black, Leon black. Yep. Why did he pay hundreds of millions of dollars of fees? State planning. Right. When you should have paid $10 million maybe. So by the way, he had something on potentially. This is why he walks around as if he owns everybody. You ever seen the movie with Sean Penn? Who is he playing?

Starting point is 01:36:31 He's playing that criminal in LA where he's at the top of that one building. Who's he playing, Rob? You know what the movie is, Sean Penn, the frickin' sick. Not Benny Blanco from the Bronx. No, no, Sean Penn, he was a lawyer in that Benny Blanco. Sean Penn plays the criminal. He was a crime boss.

Starting point is 01:36:49 He moved from Chicago to, guys, you know this movie, not Mystic River. What is the movie that Sean- Gangster Squad? Gangster Squad, okay? So Gangster Squad, let me see, Gangster Squad. Do you remember how Gangster Squad ends? No, I don't remember this movie. Have you guys ever seen this movie?

Starting point is 01:37:04 Vinny? No. I think you might have told me to watch it. Don't show, don't show, don't show. No, I don't remember this. Have you guys ever seen this movie? Vinny. I think you might've told me to watch it. Don't show, don't show, don't show. No, we can't show this stuff. No, no, meaning like, Rob, we can't show it to the audience. So gangster squad is the story of Mickey Cohen. Mickey Cohen was a boss and a half. Oh really?

Starting point is 01:37:22 But Mickey Cohen owned all the judges, all the cops, everybody, until one flippin' annoying cop he could no longer buy. There was this one cop that is like, dude I can't effin' buy this cop. This effin' cop is starting to piss me the f off, right? You know what happens when he eventually gets with this cop? He realizes, you can buy everybody except for this guy. That guy puts a team together, go take this guy down. And eventually take him down.

Starting point is 01:37:57 This movie depicts how I believe Diddy feels. He feels like the untouchable. I guarantee you if I have a one-on-one conversation with Eddie with no camera on and we're just sitting there talking, no phones, no camera, no mics, nothing. And he was comfortable loose late at night, two, three o'clock in the morning at his peak, he would brag about how much of an untouchable he is because everybody fears him. That's what this guy felt he was. That's a man that doesn't fear God. That's a man that doesn't fear God.

Starting point is 01:38:25 That's a man who wants to be God. And when you flirt with wanting to be God, let me tell you, there's only one thing around the corner for you. A massive fall. A massive fall. One time I put something on my affirmations, which was one of the most best affirmations I ever put.

Starting point is 01:38:38 Stop trying to be God, that job is already taken. Stop trying to be God, because it was like, what if we do this, and what if we do that, and we can do this? No, you can't. There's 90% you don't have control of a lot of things that's going to happen with life. This guy wanted to play God and he's not paying a price for it. You do not ever flirt with this. This is the worst thing in life to flirt with and you're getting destroyed for it and a lot of people are going to pay price. A lot of people are gonna pay price for this. Okay, let's go to the next story. Next story I wanna go to is,

Starting point is 01:39:09 which is the one that we haven't gone to. There was one other story that I really wanted to get to today. Howard Stern? No, not Howard Stern. Don Lemon. Can you pull up the Don Lemon clip Rob, if you have it. Here's Don Lemon, and I wanna give you two clips.

Starting point is 01:39:20 I'm gonna play Don Lemon, and I'm gonna play- Chris? Chris Cuomo, okay? Both were at CNN. Obviously, Don Lemon was never at the levels of Chris Cuomo. Chris Cuomo was a face of CNN, but Don Lemon was a guy that at one point, he used to say some things that was actually pretty solid, right? But I'm talking 10 years ago, a long time ago, right?

Starting point is 01:39:41 I don't know if you have the Don Lemon or not. Here's what he says. Don Lemon says, Trump should lower the temperature, stop threatening democracy following assassination attempt. That's what he is saying. Okay? So he urged Trump to stop threatening the second assassination attempt. If Donald Trump wants Kamala Harris and others to stop saying that he is a threat to democracy, then he has to being a threat to democracy. Trump, is this him by the way? Yes. Okay go ahead Rob. Crooked Joe, crooked Hillary, crooked Kamala, comrade Kamala, deranged Jack Smith, bird-brained Nikki Haley, bloodbath that he's not

Starting point is 01:40:17 elected, there won't be another election if he's not elected, bringing drugs or bringing crime they're rapists, poisoning the blood of our country, destroying the blood of our country which was something that was Hitler-esque. Communists, Marxists, fascists, left-leaning that live like vermin, sons of bitches to NFNBA players, shithole countries, Haiti was one, and now he's blaming Haitian immigrants for things, blood coming out of her wherever, as he talked about Megyn Kelly. And so if Donald Trump wants people, wants Kamala Harris and others to stop saying that he is a threat to democracy, then he should stop threatening democracy. Perhaps he shouldn't be overturning, trying to overturn elections, overthrow the government,

Starting point is 01:40:59 and inciting insurrections, if he doesn't want people to be honest about what he is, who he is, and what he's doing. So Chris, this is Don Lemon. Back on CNN. You're seeing him on CNN all the time. insurrections if he doesn't want people to be honest about what he is who he is and what he's doing so Hillary back on CNN you're seeing him on CNN all the time. Okay. Now, here's his colleague Chris Cuomo Aaron does convince about it. Okay, who's that News Nation? Here's how he reacted to the assassination attempt It's slightly different than Don Lemon. I'll let you be the judge of it Go ahead Rob and you can think what you want about Trump He does not have many more full-throated critics

Starting point is 01:41:27 of what he says and does than me, okay? And yet I called him today because I am ashamed of how we are responding and not responding to the threats on him. how we are responding and not responding to the threats on him. And I feel for his family. And I know you can roll your eyes and say, oh yeah, he asked for it. Listen, that's your choice, and I think it's a wrong choice.

Starting point is 01:41:55 Okay? Who's he talking to? The people that are saying lemon. We gotta get out of the judgment business unless it's judging ourselves. And you gotta start rewarding things that are better. And I gotta tell you, I don't know how he stays in the race. I don't know how he got up after being shot in the head.

Starting point is 01:42:10 And you people who try to mitigate that, you need to check yourself. Before you wreck yourself, say it. He gets up, pumping his fist, stays in the race, barely even talks about it. Now look, I do believe he has wasted opportunities and he has another one now. Who better than Trump to say, we can do better, I can do better. I know he keeps doubling down on his angry rhetoric. How can he not? It keeps working for him. I don't know that it gets him elected. My theory is that he needs to expand. He had a

Starting point is 01:42:51 chance to do it after he was the target of an assassination. You got two different guys. You got Lemon Cuomo, both no longer with CNN. One still has a good relationship with CNN, keeps going back on. Chris, Independent News Nation, they're doing great. Tom, how do you process these two different approaches? So I see a very rational approach coming from Chris and Chris has consistently and still is now a critic of Trump, his methods and some of his policies. As a matter of fact, right after he does this, I think a day later he was talking about he disagreed with this policy. And so I think Chris is out there. Lemon is just coming back, trying to find legitimacy, and he's doing it by just throwing

Starting point is 01:43:34 red meat to the Democrat liberal crowd and sits there with I think it was Aaron Burnett. And Aaron Burnett didn't look convinced. And plus, Lem lemons going down a list that's like three years long. How about if someone else goes down a list of what the Democrats have said to and about Trump in an inflammatory way? I think lemon is really disingenuous about calling it as if this is a one way street and attack on democracy. And if we want to talk about attack on democracy, we have one of the first presidential candidates in history that never went through a primary process after we actually held a primary process. So I think Lemon is looking for, he's

Starting point is 01:44:13 looking for headlines, he's trying to reestablish his legitimacy, and he's just throwing blood to the dogs and getting people to react to it. When you could do the same thing about the Democrat candidates And now you got Chris saying hang on a second. You know what? We're not Venezuela we're not Mexico. We're how many candidates have been assassinated just this year in Mexico By in areas controlled by the cartels and what Chris is saying is hey You know what? Don't you think about him as a human being? You may not like what he says, may like what he's doing. And I just felt it was a very

Starting point is 01:44:51 balanced, very rational approach to kind of where we are as a country. And Don Lemon, I don't even want to talk about it anymore. It was just disingenuous. Yeah. By the way, again, Don, of all people, of all the, and I get Chris has had his history and you know, in our audience, everybody knows about, you know, the COVID stuff and all that stuff, but Chris has turned a completely new leaf and I respect the hell out of him for just being completely honest. Don Lemon, zero respect. By the way, you were fired and you're showing up at your old job, just hanging out and still

Starting point is 01:45:23 talking the same BS that you've been talking about since 2016, right? He was fired, right, Rob? And he's showing up at your old job, just hanging out and still talking the same BS that you've been talking about since 2016. Right? He was fired. Right, Rob? And he's showing up for free. And he's showing up for zero money. He used to get paid to go on CNN and give his commentary. Now it's worth nothing.

Starting point is 01:45:35 It's zero and nobody cares. And all that stuff that he said, Pat, about Trump says mean again since 2016 mean, he's saying mean things. How many assassination attempts on Biden? How many assassination attempts on Kamala on Barack on Bill Clinton? Zero, zero. Nobody believes your bullshit. It's all that side coming after us.

Starting point is 01:45:53 Okay, and since 2016 and when you call somebody Hitler since 2016, he is Hitler and finger on the nuke Hitler Hitler. What do people do when you when you when you call somebody Hitler the guy that killed over 12 million people, six million Jews. What type of rhetoric is that? It's unbelievable. It's unbelievable. And I think something about Don Lemon, he has that Hillary factor. They keep showing up like a fly at a barbecue. You're like, just get the hell away. Like the fly on Mike Pence's head that wouldn't go away. Exactly. So I just think it's ridiculous, Pat.

Starting point is 01:46:26 And it's like these people don't realize we're thinking past Trump, life after Trump, because that same media, the same lying BS they're going to do to anybody that comes in that goes against their narrative. What's the strategy? Accused the other? The other of what you're doing. That's projection. I'm just sick and tired of it.

Starting point is 01:46:42 I'm just tired of listening to you. I have a theory. I have a theory. But Adam, let's see what you're going to say. And then I'll, you know what? I really haven't noticed about the people that don't like Trump and attack Trump. They never rarely, if ever attack his policies. Interesting, right? Yeah.

Starting point is 01:46:58 Weird. It's always attacking the personality. So, and that's actually easy to do with Trump. That's not hard to do. We get it. He's a sensationalist. He's sort of a shock jock. He's outrageous. The rhetoric is, you know, that's Trump. We get it. But that's the easy thing to do, Don Lemon. The harder thing to do is actually examine his policies and say, yep, I don't actually like the drill baby drill. And here's why I'll tell you why. But you don't really hear that. Hey, actually, I don't like the fact that they should remain in Mexico. And here's the reason why we

Starting point is 01:47:27 should have open borders. Yeah. I don't know about that. I actually don't like the fact that he wants NATO to pay and maybe we should diagnose it. I never hear that. I always hear he's a threat to democracy and all he does is say ridiculous things. And he belittles people. We know this. We know this about Trump, but guys go deeper. And the reason that I like what Cuomo is doing is at least he's being rational. He's like, look, dude, what are the chances by the way that Cuomo is voting for Trump? I'm putting that very close to zero. I don't know if it's zero very little though, but at least he has the rationality to say, look, man, this is getting way over the top. Cooler heads need

Starting point is 01:48:04 to prevail. There's now talk of that. Maybe there was a third assassination attempt. Chemicals that one of the, I don't know what's going on there. So the whole threat to democracy, the whole gen look, I was not a fan of January six, say what you want, whether you want to call it an insurrection or just a parade that got a little angry, whatever it was. I wasn't a fan of that But I very rarely hear people attack Trump's policies and at this point, I mean it's taking me four years to do this I'm solving for policies at this point because we can go personality with Trump We can go personality with Kamala and the cackling comma on the car I get it, but I'm solving for policies and if you compare Trump's policies to Kamala's policies, it isn't even close.

Starting point is 01:48:46 So here's, here's, here's what's the way I see this with Chris. See the difference between Don and Chris is Chris has a father he admires. Don doesn't have a father he admires. Don's father, he died when he was a child and Don's father was married to another woman while he was with his mother There is no relationship with his father Don didn't grow up with a relationship with his father if you look at most people from the certain communities They don't have a relationship with their fathers. So he doesn't he can't emotionally connect to your father Potentially being killed twice Chris can't Chris had to your father potentially being killed twice.

Starting point is 01:49:25 Chris can't. Chris had a father that was a beloved, admired, respected governor, crushed it. By the way, this isn't Don Lemon's fault. Don Lemon didn't do anything wrong. This has got nothing to do with Don Lemon. This guy grew up without a father. When you read these reports, I'm finding this story here, Rob, I'll send it to you from the son, and it's telling this, because I'm sitting here saying, how does Don not realize

Starting point is 01:49:55 the pain of losing your father? What would that happen? And I realize, right there, go all the way down by the way, type in Control F 2011. Type in Control F 2011, go to right there. Don revealed in 2011 that his father was married to another woman while in a relationship with his mother. When he died, Don's mother was also married to another man but divorced him because he was a treatment.

Starting point is 01:50:18 So he had some trauma in his life, obviously. None of this started the right way. And in the story it says that he was a child when he lost his father. So we don't know context, right? Why a man behaves the way he does. If you go a little lower Rob, the picture with Don's father in the red shirt right there. So what does he say right there? Lemon was born, his father Wilman passed away when Don was a child and Catherine Wright in his

Starting point is 01:50:50 last surviving parent. So on the other hand, go type in Mario Cuomo. Just type in Mario Cuomo, okay? And go to images. Just go to images, okay? That's Mario Cuomo. Look at the son. Look at the father and son.

Starting point is 01:51:05 Look where Andrew has his hand. Go all the way to the left. No, go all the way to the left, right there. Look at that right there. That's love. That's just emotional, man. The father and son relationship. The son wants to be like his father.

Starting point is 01:51:18 He became a two-time governor because of his father. They love their dad. They love their mom. Forget their policies. They have the right, they have values as a family that protect each other, right? And Chris feels that if his dad was assassinated, what would Chris do? Oh my God. The pain you go through from losing a father, right? That is the difference when you have certain context to understand what you explain. You know yesterday I had Stephen Baldwin on the podcast.

Starting point is 01:51:47 His podcast goes out tomorrow. Do you know this Stephen Baldwin, the youngest Baldwin brother, right? Been married to his wife for 34 years. His son-in-law is Justin Bieber. Justin Bieber is married to his daughter. Just so you know that. Haley is his daughter. And he introduced Haley to Justin Bieber many, many years ago when they were kids, right? Younger. Yeah,

Starting point is 01:52:08 of course there's a video of it. But here's the thing. You know how the whole podcast started? All about the family. Do you know Alec Baldwin was the president of his high school in ninth grade? He won. He won 10th grade. He won 11th grade. He won 12th grade. Do you know his father said the campaign for senior year into one high school president, you know what it was? It was called sex all over the school. You know why it was called sex?

Starting point is 01:52:32 It because it said students endorse Xander because Alexander, they used to call him Xander. Alec Baldwin's real name is Alexander. The father called him Xander, right there, look at that. Xander Baldwin. That's what at that. Xander Baldwin. That's what his name was in high school. So the admiration these kids have for the father, they have six kids, four sons, all end up in Hollywood.

Starting point is 01:52:55 Because this guy, do you know what he wanted to do? Do you know what Alec Baldwin wanted to do? He wanted to go into politics. You know what he majored in Georgetown? Political science. Because he wanted to go into politics. Really? Polysci. That's right. And guess what happened? Why he stepped away? They majored in Georgetown, political science, because he wanted to go into politics. That's right.

Starting point is 01:53:06 And guess what happened, why he stepped away, based on what Stephen said. He said he ran for president of Georgetown as a freshman or whatever year he was, or senior. He failed. He says, I'm not meant for politics. Left goes to acting school, the main acting school in New York, what is that called, studying the main person there's a name for. I don't know if that was, maybe it's a different one. There's a name for it. I don't know if that was it. Maybe it's a different one.

Starting point is 01:53:26 It's a name everybody knows. You'll hear or see on the podcast. He goes there, comes back, dad's like, what are you doing going into acting? Comes back and says, dad, I'm making five grand a week. He says, you're making what? He was on the doctor, whatever show. I think there was a show called that.

Starting point is 01:53:38 I don't know what it was. So he's making five grand a week. But what's the moral? You can sit there and not like Alec Baldwin? But you that's the one Lee Strasburg. That's the one he went to yeah You can sit there not like Alec Baldwin and for whatever he does But look man the father and the mother kept that family together So Cuomo understands what it is to have a great father

Starting point is 01:54:00 Lemon does not to lemon is just another man who's gonna get killed. Who cares, I gotta move on. It's his fault. It's not my fault. I'm gonna do my thing. He's gonna do his thing. But the reality of it is, this is a moment where somebody gets to sit there and see Cuomo as a person who cares and says,

Starting point is 01:54:16 hey man, let me just drop McCall. And maybe he's changing, maybe he's going through whatever he's going through. And it's never a good thing to have influence from a podcast called PBD Podcast. You gotta be careful when you go to the podcast. These are all the Baldwin brothers. Look at these guys.

Starting point is 01:54:29 I wish I wish we got to hear that phone call like who is this and he's like it's Chris you better say you're sorry. And then let's continue this conversation. Did Cuomo say he actually spoke to Trump? He said he spoke with him. He did. He called him. He called him. Well if he know if he... He called him. Well, if he's...

Starting point is 01:54:46 Trust me, he's going to get through. I knew you'd call me again. But what a great... That's the angle I take with this because they can say all the stuff that they want to say. By the way, I got advice for whoever gets a chance to interview Kamala Harris. I got some advice for you. Rob, can you pull up the three things Kamala Harris keeps saying in interviews?

Starting point is 01:55:02 I don't know if you have recently when she was speaking at this Hispanic whatever it was do you have that one where she kind of talks like she's Spanish with a little bit of an accent have you seen that one or no? Let me look for it right now. It should come up. She's right that one right there that's the one where it's like she's dressed up in and yeah if you can just go to the beginning of this one and then I'll find the other clip I want you to show. She laughs, I'm leaving Pat. I love you back. I love you back. I love you back. Exactly. So you know what all her answers are? This is her answers, okay? So I would like to make a request to

Starting point is 01:55:42 whoever that's going to be interviewing her to start the interview in the following way. Okay, she won't be coming here anytime soon, but somebody else may get her. Okay, from mainstream ABC. It's probably going to be ABC. Rob, if you can just show the highlight. There's three things she repeats. Okay, there's three things she repeats over and over and over again in every single one Every single interview Every interview, go ahead and click on this, Rob. Go ahead, Rob, play this. So I was raised as a middle class kid. I grew up a middle class kid.

Starting point is 01:56:18 I grew up a middle class kid. I believe in the ambition, the aspirations, the dreams of the American people. You know, we have ambitions and aspirations and dreams. The ambition, the aspiration, the dream. I started my career as a prosecutor. I was a career prosecutor for most of my career. Having a background as a prosecutor. I intend to create an opportunity economy.

Starting point is 01:56:42 Developing and creating an opportunity economy. What I imagine and believe in, Cole, an opportunity economy. Okay, so here's what I would do. Here's what I would do. By the way, whoever interviews Kamala, can you start the interview this way, okay? Because she gaslights everybody

Starting point is 01:57:00 and you interviewers look like clowns, okay? Here's how you should start the interview. and you interviewers look like clowns, okay? Here's how you should start the interview. Vice President Kamala Harris, thank you so much for making the time to be here. I have a few set of questions I'd like to ask you, but for the sake of not being repetitive, I already know you grew up in a middle-class family.

Starting point is 01:57:20 I already know you believe in opportunity economy. I already know you were a prosecutor. We know that, but we would like to focus on policies What policies do you have to help with the economy? Not not not? opportunity economy Specific policies if you could once again, we know you grew up middle-class. We know you believe in opportunity economy We know you're somebody that was a process. We got that we got the facts We have the Wikipedia.

Starting point is 01:57:45 Can you just tell us a couple of policies? See how she reacts. You know what she would say, Pat? Space. Well, listen, we all know that we don't want to be unburdened by what has been or what will be. She's going to have her talking points regardless, but there's no policy there. But you have to realize with this plan that they're playing, they're playing, somebody

Starting point is 01:58:03 said fence sitter, fence sitter, yeah, fence sitting on the fence, you can go either way. Just don't go far enough to give Trump and others ammunition to attack you. So you just kind of like play it very safe. By the way, if this model helps for her to win, we are entering a very weird era of politics. Because those are, you know, her interviews are, her interviews entering a very weird era of politics. Cause those are, yeah, cause those are, you know what her interviews are, her interviews, she's not doing them,

Starting point is 01:58:28 are her rallies, those moments where she's like, yeah, hello everybody, talking to everybody like they're children. She will not sit down on a one-on-one from this moment. There's no, absolutely no way. She had the breakfast club, how many years ago? Where she's kind of having fun, Rob, they're all laughing, they're all giggling.

Starting point is 01:58:43 I know it was years ago. Tom, do you think she's going to sit? I mean she would never, I don't care, for five million dollars she wouldn't sit with him. What do you think? I wasn't even thinking about that, I'm sorry. I wasn't paying attention when you were talking right there. I was thinking about what Pat just said. We're entering a dangerous time because we elected Joe Biden, heard Joe Biden effectively hid in the basement. We all know about Kovac. We all know what they did. And now we are in an orchestrated PR campaign and we're electing a president based on perceptions. God help us if we really have to figure out what we do between China and Taiwan.

Starting point is 01:59:17 God help us if Hezbollah elevates it and we really have large scale warfare in the Middle East and World War Three kind of breaks out. God help us if we really have trade imbalances and issues that happen. You know what? We're gonna need leadership at that point and I hope we all remember as Americans, you know, there's an old saying, you know, sometimes the people deserve what they voted for and I don't want to see us go through that. I don't want to see a country go through that, But I agree with what Pat was just saying. I think we're entering a dangerous time if we're not going to inspect our leaders and elect somebody that we think is going to be able to invoke change and be a leader on a world stage. And we're going

Starting point is 01:59:56 to sit through a PR campaign on perceptions and we're going to elect that. You know what? That is such a dangerous time. You make a scary point. Who like China and Russia, like if I was our enemy right now, this would be the prime time to attack us. Okay. Think about it. They're already trying to kill every other week, every month. They're trying to shoot the rival against the left. Joe Biden, who's actually, when's the last time anybody even heard of Joe Biden? Where is he? What is he doing? Where's the President of the United States? You don't have to attack us Vinny, we're attacking ourselves and you can be making

Starting point is 02:00:28 your economic and political strategies separately and just figuring out how you're going to do it. Oh, it's unbelievable. Pat brought up a really good point is that we're not actually having policy debate at this point and I don't think this is necessarily a 2024 thing or even a 2020 thing, a 2016 thing. This is the direction that we've been heading. You know, what does Breitbart always say that culture politics is downstream from culture. At this point, the culture wars have taken over. And rather than talking about the fact that we're $35 trillion in debt, we're arguing either whether the Haitians are eating the cats and the dogs

Starting point is 02:01:00 or not. I don't know. We'll figure that out at some point. But everything is culture wars at this point, whether it's abortion, whether it's LGBT, whether it's the trans, whether it's guns, whatever it is, that's forefront because policy debate and fiscal debate is no longer what gets the clicks. It's whether or not the man should be allowed in the female bathroom or they, a man should be able to fight a woman in a red. Like that's what basically this is. And the DEI candidate out here is not looking to engage in policy debate because she doesn't have policy debate it's deeply emotional it's deeply cultural downstream from that and she's not gonna have policy answers for you

Starting point is 02:01:37 because she doesn't have a lot of policy. Well we're not complaining but you know you always tell us to have you know solutions if you're gonna talk the crap what's the solution? In a situation where 98% of all the media that we're getting is one side and it's making her look like she's the best, besides the PBD podcast- I'm so glad your mind is going to places like that. You feel where I'm going? Of course, I can tell you exactly what it is.

Starting point is 02:01:57 So we have PBD podcasts, we have X, we have these moments where we're trying to wake people up, like stop listening to the BS and look at both sides because we hold everybody's foot accountable. I criticize Trump on some of the stuff that he doesn't and I don't care about what he did with COVID and everything. How are we going to fight to beat these people because this basement tactic, Tom, it worked in 2020 and the fact that the numbers are this close,

Starting point is 02:02:20 that margin of error. Amen, Vinny. It's very simple. One by one by one, you have to buy up franchises and media outlets on who controls them. Because you have to see who has influence over what. So he bought up what? He bought up X, right?

Starting point is 02:02:34 Yes. How much dramatically has that flipped ever since he bought X? Ridiculous. Ridiculous, right? Okay, there's plenty of podcasts out there that they're doing what they're doing. But this work of what needs to be done, this is a 20-year plan. Ridiculous, right? Okay. There's plenty of podcasts out there that they're doing what they're doing.

Starting point is 02:02:45 But this work of what needs to be done, this is a 20-year plan. This is like, when is the next time LA Times coming for sale? When's the next time New York Times coming for sale? When is it? The New York Times have been part of the same family since 1896, by the way. When's the next time some of these plans, when's the next time you're going to get a social media company being for sale? The moment those things are available, you either create or you acquire. You create or you acquire.

Starting point is 02:03:11 That's really the only option. Money needs to be used to create or acquire. We're putting where our money is, like v2news.ai. Guys, you know, by the way, let me say this as well, the relationship with the customer, with the individual, if I believe in Elon Musk and what he's doing, I want to financially support him. I said on a podcast, here's $10 million. Do you remember I called every Morgan Stanley, Maryland, just to take 10 million. It's a way of saying, I trust you to grow your business.

Starting point is 02:03:42 If I'm, if I have to choose between paying the $20 million check, $40 million check in taxes, or whatever the number is to taxes, versus giving out to an Elon Musk, hey, here's $10 million into X, go do whatever. This is a relationship that's a two-way highway. You guys got to support who you like. If it's not us, go support X. If it's not X, go support DW. If it's not them, go support DW. If it's not them, go support somebody. But you gotta support the people that have a message

Starting point is 02:04:08 and values and principle that you like. And it's not perfection. Now, Elon's not gonna build a perfect app. It's growing, right? We're not gonna do everything perfect. Not everybody's gonna do everything. There's gonna be mistakes being made, but it's a relationship.

Starting point is 02:04:20 Our part is to make sure we take the money that we make and we reinvest. Your part is to say, if I support money that we make and we reinvest. Your part is to say, if I support your values and principles and what you guys are doing, let me buy your product. Let me support your products. You vote with your money to get those businesses to get bigger. Period. Netflix has 200 million plus subscribers.

Starting point is 02:04:40 How much money are they spending next year on movies and productions? What was the number, Rob? The amount of it? Was it was 12.4 billion? It was some ridiculous number what Netflix is putting into movies next year. $2.4 billion into production? In 2024 their budget was 17 billion. 17 million bucks? How you compete with that?

Starting point is 02:04:59 Well because they got 200 million people that are paying 10 bucks a month, 20 bucks a month. 17 billion, Pat? Dude, 2023 was 12.6 billion. Next year they want to buy 17 billion dollars. Someone has to compete against that, but someone has to support that company. That relationship is both ways. So one, create or buy up. Create support, buy up.

Starting point is 02:05:19 Create support, buy up. If you do those three, eventually a long term is going to be fine, but it's a 20 year plan. We're going to do our part and we're going to find our audience. And again, remember, November 5th, put it in your calendar, and if you haven't yet gone and googled VT News.ai, do so. Get off the computer right now. Get off the podcast. Just go to VT News.ai and subscribe to the newsletter. And if you want to get the $4.99 plan, do so. And if you want to get the $19.99, do so. But start off with something. Support the businesses that you feel are doing the right things long term.

Starting point is 02:05:47 Anyways, God bless everybody. Tomorrow, Stephen Baldwin, 9am. Take care. Bye bye, bye bye.

PBD Podcast - Diddy Denied Bail, Cuomo Calls Trump, Rate Cut Cause Market Tank | PBD Podcast | Ep. 474

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