PBD - Patrick Bet-David - Home Team | PBD Podcast

Nov. 16, 2023 - PBD - Patrick Bet-David

01:14:53

Home Team | PBD Podcast | Ep. 329

Patrick Bet-David and the Home Team recap the feud between The Daily Wire's Ben Shapiro and Candace Owens over Israel vs. Palestine, if Dwayne "The Rock" Johnson is a Republican, and Gavin Newsom rolling out the red carpet for Xi Jinping! Protect yourself against Central Bank control with - American Hartford Gold https://bit.ly/3QzMjHd Purchase tickets to the PBD Town Hall with Robert F. Kennedy Jr on December 6th: https://bit.ly/3sog9qg Connect one-on-one with the right expert to get the answers you need with Minnect: https://bit.ly/3MC9IXE Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! Contact American Hartford Gold: Text “PBD” to 65532 or call 1-866-939-6984 SUBCRIBE TO: @VALUETAINMENT @vtsoscast @ValuetainmentComedy @bizdocpodcast Want to be clear on your next 5 business moves? https://bit.ly/3Qzrj3m Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

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	Did you ever think you would make it?
	I know this life meant for me.
	Why would you bet on Goliath when we got bet David?
	Value payment, giving values contagious.
	This world of entrepreneurs, we can't no value to hate it.
	I'd be running, homie, look what I become.
	I'm the one.
	I'm in a free salt time.
	Fantastic.
	Episode 329, Home Team.
	We got a bunch of stories to cover with you.
	Lots going on.
	Newsome, his odds in Las Vegas of becoming a president went from 44 to 1 to 12 to 1.
	Why would they do that?
	Las Vegas doesn't like to lose money.
	You just revealed me these numbers.
	Adam's a big money betting Trump guy.
	Hello, Vegas.
	Newsome world figured out the formula for cleaning up homelessness within a week.
	Have she come visit your city?
	Oh, you're going to do that with your kids.
	If your kids don't clean your room, you're going to say, hey, guys, she's coming.
	He's going to listen.
	So moving forward, yeah, so very good parenting tip from Vinny.
	Right there.
	And then at the same time, The Rock goes on Rogan.
	They had a good conversation saying friends from both sides who support Biden and Trump.
	And then Joe says, you have friends that support you?
	Well, no, it's just, you know, so we'll talk about that with The Rock.
	Do you want to see him run?
	And then there's speculation of a civil war going on in Daily Wire.
	Ben Shapiro used the word disgraceful.
	Some tweet stuff will show that.
	And is it just a difference?
	Is it on Ben?
	Is it on Candace?
	She was on Tucker yesterday.
	Tucker asked the opening question about what happened between you and Ben.
	Maybe we'll talk about that.
	Market-wise, Ken Griffin, billionaire, sees Miami possibly replacing, ready, New York City as the financial capital of the world.
	This is a guy that's worth a good amount of money.
	And then outside from that, Chicago, ready for this story, just one of my favorite stories I've read all day.
	Chicago is so unpleasant that migrants are fleeing back to Venezuela.
	That's a real story.
	That's a real story.
	Oh, my God.
	That's a real story.
	Now, G, Jingping, was seen having dinner with three people, Tim Cook, Steven Schwartzman, and Elon Musk.
	Okay?
	Interesting.
	She was?
	It's a pretty heavy dinner.
	I mean, a dozen of oysters.
	How are you going to split it?
	Like between four people?
	It's a bit of a feud, but we'll see what happened there.
	We'll talk about that.
	And then every once in a while we have devastating news to share with the audience.
	I typically don't like to have the podcast be a downer, but I think we have to sometimes give the news.
	Barbara Streisand said that she would leave the U.S. if Trump becomes president.
	Yeah, absolutely.
	I knew you were not going to be happy about it.
	I don't want Trump to know.
	Just hang in there.
	Just hang in there.
	And then U.S. continuing jobless claims to rise to highest in almost two years.
	And then retail sales drops in October for the first time in seven months.
	The clearest sign yet that commercial real estate is in trouble.
	When you see this chart, it's absolutely, absolutely insane when you do see this chart.
	And yesterday, I had a three-hour sit-down.
	Finally, we made it work with the son of the Majesty Rezosha Mohamed Rezosha Pallavi.
	And Reza Pallavi, Crown Prince, was here yesterday.
	We had a three-hour conversation.
	All I will say is there was some things revealed in that three-hour conversation that when the Iranian community sees worldwide, everyone's going to be talking about this one.
	This thing goes live.
	It should be going live later on today, if not tomorrow.
	Once we have it done, you will see it.
	But I can't wait for the Iranian community to see that.
	It's going to be pretty wild.
	It's going to be pretty intense.
	One of my favorite conversations I've ever had in my lifetime.
	Phenomenal.
	So I can't wait to share that with you.
	But having said that, before we go into these stories, let's go to our sponsors first.
	Go forward, Rob.
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	Okay, fantastic.
	Rob, are we good?
	Are we back on?
	Okay, sounds good.
	Let's get into a couple of the stories here.
	Let's start off with the first one here.
	Rob, if you want to play this clip with G, and by the way, the comments Biden made about G being a dictator and the reaction to the audience is pretty wild.
	I say we start off with, if you have the Ben Shapiro clip, let's start off with that first on what happened with Daily Wire.
	This clip was shown.
	It was going viral on Twitter.
	And then there was a tweet from Candace Owens.
	And then I'll let you read the whole thing and we can have the conversation.
	Go ahead and play this clip.
	Yes.
	And then the question is about Candace Owens.
	Disgraceful.
	Look at the girl's face on the bottom right.
	I think that her faux sophistication on these particular issues has been ridiculous.
	It's not fauxophistication.
	It's ridiculous.
	Everybody can see the moves that she's making and the things that she's saying.
	And then you distract.
	Wow.
	Yeah.
	And what's he referring to, apparently?
	What did Candace just say?
	That's the position she's taking.
	And now, if you want to, Rob, if you want to go to the tweet that it's easy to find, if you just go to one of the Twitter accounts and you go all the way to the top, you'll see the exchange between both of them.
	The one where she says she'll step down.
	He basically says she should step down.
	He first put some words about the difference between money and God and faith and all that.
	And he retweets it.
	So I don't know if you're going to be able to find it.
	From there, you'll find everything else on the bottom.
	And there was a back and forth.
	And it not necessarily was the, it should have been something handled privately.
	Rob, if you can't find it, I'll find it myself here.
	Let me get it for you.
	I'll text it to you.
	Here, let me see.
	Did you get it?
	Is that the one?
	Okay, there you go.
	Okay.
	So.
	Yeah, you want the response to this.
	Yeah, you'll see the response to this, Rob.
	We'll find that.
	Blessed are the peacemakers, for they shall be called the children of God.
	Blessed are they which are persecuted for righteousness' sake, for theirs is the kingdom of heaven.
	Blessed are ye when men shall revile you and persecute you and shall say all manner of evil against you falsely.
	For my sake, no one can serve two masters.
	Either you will hate the one and love the other, or you will be devoted to one and despise the other.
	You cannot serve both God and money.
	14.1 million views on that tweet.
	Christ is King.
	He retweets that.
	Okay.
	His retweet, I don't know if you have that, Rob.
	It's tough to find because there's been so many tweets since he tweeted that.
	But you should be able to find it.
	And Pat, that quote from the Bible saying that she wants peace, right?
	They want as much.
	Yes, and then he responds.
	And Candace, if you feel like that taking money from Daily Wire somehow comes between you and God, by all means, quit.
	Like, what does that mean?
	23 million views.
	Yeah.
	And then she has another thing that she says after that.
	And she comes back and says something else, responding to him.
	And then there's this exchange.
	And then she's on Tucker yesterday talking about this.
	And Tucker asks, Who's the boss?
	Is he your boss?
	Is he this?
	Is he that?
	And says, Look, for five years, we've had all these different differences between each other.
	And he's had pretty much every position that I've had.
	You can play one of those clips with her and Tucker Rob.
	You can just play one of those clips in the beginning.
	I think he goes right into Rob, just pick one of them, Rob.
	Just pick that one.
	It's fine.
	Yeah, there you go.
	And commanded him to stop saying that the earth revolves around the sun.
	Fast forward.
	Shut up.
	You're about to have another descendant.
	Actually, yeah, 40 weeks, but I was not missing this.
	I was so excited.
	I'm honored to be here.
	Well, so it's a little weird to see yourself.
	Look, we all get things wrong.
	I certainly have gotten a lot of things wrong.
	I think it's fair to be attacked for getting it wrong.
	But if you get it right and it's proven that you got it right, and in three instances, it has been proven that you did on the biggest issues of the day.
	Shouldn't the people who attacked you apologize?
	And shouldn't someone at least point out, hey, Kenneth Owens was right about it.
	I don't think it's that.
	I think what tends to happen is they have too much ego.
	There's a clip.
	Anyways, there's more to it.
	But when you're seeing this, Tom, what do you think about this whole back and forth between her and Ben Shapiro, two brands?
	Is it a big deal?
	Is it not a big deal?
	It's just locker room talk, you know, and then Ben's coming out saying, if you don't want the money, you can leave, you can quit.
	The right behavior, what are your thoughts?
	Pat, you and I have been involved in businesses for a while, and I've had the privilege to work with you in a business that you founded.
	And one of the key laws, not laws, but one of the key tenets of a healthy thing is basically you have home conversations that need to be had at the kitchen table, home at your kitchen table.
	You didn't diss your parents to your friends.
	You protect your parents.
	Your parents protect you.
	And these kind of conversations should have been at their office or on the phone by themselves and putting it out publicly.
	You know, that doesn't work.
	And I think Ben was the one that started it.
	Ben dissed basically, if you want to call him the co-founder, okay.
	If you want to say Jeremy's really the CEO, that's fine.
	But he dissed her first in public, and then she tried to respond, I thought, in an elegant way.
	And then he goes over the top all the way to quit.
	If you want to go, then by all means, quit.
	To me, that was just really over the top.
	These conversations should be had in private and healthy organizations.
	And sorry, Ben, you started it.
	By the way, here's a response from her: You have been acting unprofessionally emotionally unhinged for weeks now, and we have all had to sit back and allow it and have all try to exercise exceeding understanding for your raw emotion.
	But you come, you cross a certain line when you come for scripture and read yourself into it.
	I will not tolerate it.
	So she responds after he blows it open.
	So she notice she didn't say anything like that until he blew it open.
	And then she responded.
	And then, Tom, what do we do?
	This is all in regards, Pat, because she's saying the past couple of weeks is because this is since the Hamas terrorist attack, right?
	So I think the disconnect, not even just with these two human beings, I think it's just in general, is that one side is like, hey, listen, if you don't think and you don't support, you don't care like we do, and you can't even question anything or be caring for humanity on the other side, it's automatically, there's just a disconnect.
	You know what I mean?
	And mind you, I've been getting this flat too, and I'm pretty sure I'll get it.
	If I ask questions or if I just say, guys, how many innocent are like, when are we going to kind of calm down?
	Oh, you support, you support Hamas.
	No, no, no, no.
	I'm just asking questions and I'm worried about the 11,000, 12,000 people that were killed.
	You know, how many Hamas?
	I can't even ask that question.
	So that's that disconnect because yo, Ben is obviously pro-Israel.
	He's 100%.
	He's all in.
	What was she saying?
	That was so bad, Pat.
	Well, it's safe to say this relationship is completely finished.
	Finito.
	So anytime, like, look, we have conversations, debate, dialogue on air, but we have even more conversations off air.
	Big time.
	Like Tom said, this is something that they need to have a sidebar conversation off air.
	They're airing out their dirty laundry on Twitter.
	That's not a good look for either of them.
	I'm sorry.
	No one looks like they're taking the high road.
	If I have an issue with Pat, I mean, I'm looking at it this way, or if any one of us have an issue with Pat, we're going to go into Pat's office and we're going to have a conversation.
	Pat's going to say, this is what you need to do.
	This is how you stand for it.
	Hey, Pat, respectfully, this is where I'm at.
	We're not going to have a debate with Pat online.
	No.
	That doesn't behoove any of our interests.
	So you're putting this on Candace.
	I'm just saying that there needs to be respect both ways.
	And you're not like, just, we've had many private conversations.
	Okay.
	Just like Vinny and I have had many private conversations, just like Tom and I have many private conversations.
	We're not going to do it on Twitter.
	It just seems to be a complete disconnect.
	Whether it was this issue or another issue, because this isn't the first time they've had feuds.
	No.
	You remember there's been other things in the past.
	On this particular one, what do you think?
	On this particular one, how do you evaluate it?
	Well, obviously, Ben is as pro-Israel and as Zionist as it gets.
	And rightfully so.
	That's his position.
	Candace isn't Jewish.
	She just tweeted Christ is King.
	I think she's on the side of like, she doesn't want to see innocent people dying.
	By the way, we all should be on the side of not seeing innocent people dying.
	Whether you're Jewish, you should not be rooting for dead Palestinians.
	And believe me, they're not.
	But whether you're Muslim, Palestinian news flash, guys, you shouldn't be rooting for innocent, dead Jews.
	So check yourself if you are.
	But it seems like she's the side of like, can we just kind of figure this out so dead people won't die?
	And I think that's a fair point.
	Yeah, I think, Ben, what Ben is doing, which you have to respect, Ben is saying beliefs above money.
	Okay?
	That's really what he's doing because he knows to take a position like this and say what you say about Candace in that video, disgraceful.
	You know when you're a Ben, there's 50 cameras on you.
	That's going to go live.
	You know, at that phase of your life, you are trained.
	Like one of the first things you learn in insurance and sales is, you know, every time you give a presentation to 30 or more people, just assume there's a camera on.
	Guess what?
	100%.
	Everybody forgets sometimes.
	You're like, oh, man, you know, just assume somebody's recording it.
	So he knows that that's going to be posted.
	Now, maybe right afterwards, like, oh, shit, I should never said that.
	And boom, now it's viral.
	Now it's out there.
	Now I have to react to it.
	But Ben is saying, guys, I don't cross the line with it.
	You want to take a vaccine?
	I'm taking a vaccine.
	Ben took the vaccine.
	And Candace didn't, right?
	So it's like, look, I'm choosing to take the vaccine.
	You do what you got to do.
	Great.
	I'm choosing to do this.
	I'm going to have a meeting with Kanye.
	I will never meet with Kanye.
	Okay, no problem.
	And at the same time, look, respect where you're at, but it doesn't make for the right business decision you're making when you're making it that public.
	Okay.
	Is a Jewish community now more realizing that he's 100% 100% pro-Israel and pro-Zion?
	Yes, that's clear.
	On the other side, as well, when you're dealing with a talent like Candace, when you bring a Candace in, if you've been around the block and you know what her background is, you're going to call and find out what Candace is all about.
	You're going to know if Candace is a person that's got an opinion or not.
	Candace has got an opinion for God knows how long.
	She's had it for a very long time.
	No problem.
	The only thing is, I hope these guys figured out because Daily Wire is a brand that should stick around and do their own thing.
	I hope this comes, gets past them and she stays there a lot.
	Oh, you should sign Candace.
	Man, I want her to stay there.
	I want him to figure out a way to make it work.
	I want those guys to work together, make it happen.
	It's a very good team that they all have a different message that they bring in.
	But we're going to see what's going to happen.
	There's certain things you shouldn't air out to the public.
	And the fact that she goes immediately and interviews with Tucker and Tucker just started a media company.
	You know, it's kind of like one of those things where, am I hinting at, hey, if Daily Wire doesn't do, am I going to go with Tucker's new media company?
	Am I going to go to Rumble, do this, do that?
	The reality is, both of them are some of the two of the most talented people when it comes down to the space.
	They're very good communicators.
	But we'll see what happened there.
	I'm going to go to the next story here.
	Ken Griffin sees Miami possibly replacing New York City as financial capital of the world.
	So King Griffin is a multi-multi-billionaire Citadel founder.
	He says, believes that Miami has the potential to outshine New York as the world's financial capital in the long run.
	Griffin stated in a recent interview: we'll see how big Wall Street South becomes.
	Maybe in 50 years, it will become brickled.
	Bay North, how we refer to New York in finance.
	He pointed to Miami's growing appeal to financial professionals driven by factors such as warm weather and the absence of state income tax.
	Griffin remarked, Miami represents the future of America, underlining the city's potential as an epicenter for finance and innovation.
	Griffin's commitment to Miami includes a plan for a billion-dollar waterfront tower to serve as Citadel's headquarters, as well as various philanthropic contributions, including support for children's hospital and soccer initiatives.
	Citadel maintains a substantial presence in New York and has plans to construct a significant Manhattan skyscraper.
	Tom, when you hear this about Miami becoming financial capital, what are the likelihood of that happening?
	I think that's very likely because of exactly the things that he just said.
	Do you remember?
	Does anyone remember how significant San Francisco was as a financial capital?
	People don't remember.
	San Francisco, you go back, look at the 80s and the interconnection between the banking community and Hong Kong.
	San Francisco was important.
	San Francisco is there, but you've had people move out of there.
	And people also don't recognize Charlotte.
	You know, it's in Charlotte.
	Why is Charlotte so important?
	Bank of America.
	Yeah, more than just that.
	Yep.
	It was the regional center.
	So there is a need to have more than one, you know, if you think of airlines, more than one hub.
	You know, American Airlines has got Dallas and Miami, United's and Chicago and San Francisco.
	I think this is Ken talking about the emergence of Miami as an outstanding city.
	And, you know, in 50 years, you're going to be talking about really the emergence.
	What he's not saying here that I read about a lot is the true emergence of Latin America and South American economies as they continue to grow and develop.
	And Miami down there, it's already very international and diverse, especially with wealthy individuals that come from Latin America, South America, Brazil.
	And I think he's absolutely right.
	We're going to have another hub.
	It's not going to replace New York, but I think we're going to have another very significant hub.
	Adam, I agree that it's not going to replace New York.
	Born and raised in Miami, the fact that this isn't even a conversation that Miami would be replacing Wall Street would have been laughable pre-COVID.
	Laughable.
	You would have been like, dude, the only thing to do, Miami, is club, party, club, maybe some real estate, bro, and then club some more.
	Obviously, that too.
	But the fact that we've seen since COVID policies, especially in big blue cities like this, we've seen what's happened in LA for sure, and then New York for sure.
	People are looking for something better, specifically the tax situation, the regulation situation, the crime situation.
	Miami, shout out to Mayor Francis Suarez and everyone that's basically running Miami.
	Amazing climate for this.
	Speaking of climate, I think people are realizing, okay, I could be in New York, spend $5,000 for a one-bedroom, or go to Miami, spend $2,500 for a one-bedroom.
	But I'm in the greatest climate potentially in the country, other than maybe San Diego, nine months out of the year.
	It's amazing down here.
	Tax haven situation where you're not paying income taxes.
	The problem is a lot of people come down here and they're like, holy shit, it's Friday.
	It's 3 p.m.
	Kind of gotta go.
	And then they just step out for the day.
	He doesn't know anybody like that.
	No, I don't know anybody like that.
	He doesn't know anybody.
	Some people are some folks.
	But Miami is an amazing city.
	But specifically, he says maybe in 50 years, Brico will replace Wall Street.
	I don't see it, but they will take some market share away from Wall Street.
	People are already doing it, him being one of them, because he was based out of where?
	Chicago, I want to say?
	Him down there.
	You're talking about Chinese.
	Ken Griffin.
	Hey, he wasn't in Chicago.
	So he wasn't even in New York.
	But love Miami.
	It's amazing.
	That's where it's at, but it's not going to replace Wall Street for what it is.
	Everything that you guys just said, I concur.
	Yeah, and the man from Miami says it's not going to happen.
	So we'll see.
	Maybe that's a good idea.
	I said, maybe in 50 years, it's going to happen in the next few years.
	We'll see.
	By the way, meanwhile, Chicago is so unpleasant.
	Migrants are fleeing back to Venezuela.
	My favorite story of the day.
	Can you imagine?
	It's got to be so bad that you're like, dude, I'm not dealing with this shit.
	Go back to communism, socialism in Venezuela.
	There we go.
	Thousands of migrants sent to Chicago from Texas as part of a sanctuary city policy are reportedly fleeing back to Venezuela due to harsh living conditions, including homelessness and extreme weather.
	Michael Castigian, a Venezuelan migrant, expressed disappointment saying the American dream doesn't exist anymore.
	There's nothing here for us.
	That's Chicago, Michael.
	Chicago's harsh winters, lack of migrant infrastructure, and crime issues have made many migrants decide to return home.
	The city is grappling with over 11,000 migrants in shelters and 4,000 staying in police stations.
	Damn.
	And airports, some migrants have been sleeping on wet, cold mattresses while resources and support are stretched thin.
	Despite the challenges, more than 20,000 migrants have arrived in Chicago last year seeking asylum due to unstable conditions in their home countries.
	Imagine how bad things have to be for you to sit there with your kids.
	You escaped socialism.
	You escaped communism.
	You escaped pretty much a totalitarian regime and you moved to Chicago.
	But Chicago is so bad.
	They're like, I'm willing to deal with a dictator.
	I'm willing to deal with a socialistic environment than to be in Chicago.
	Tom.
	Well, I have a couple of wild thoughts on this.
	And the first is, you know, obviously none of these people looted Best Buy and took an iPhone because if they had Googled best cities in the United States, they wouldn't have picked Chicago.
	So you ended up in Chicago.
	How did you poor souls searching for a better life come from Venezuela and somehow pick Chicago?
	First of all.
	And then second of all, it just shows you there's a, there's, look, there's a, it's not comical for the human suffering, these people with families that are trying to go find a life.
	It's not comical for that.
	But it is very ironic and almost a caricature of how this unintended consequence.
	So congratulations, folks.
	You open up the border and you have all these people come across and then it taxes the city.
	The city can't support them.
	These are human beings.
	They've come here looking for a better life.
	They came all across here.
	I didn't, now, not legally, but they were encouraged to make that big trek with the parade of people that came through South Texas.
	And now look, now look.
	You know, here's what you get.
	You have people that think it's so bad here.
	And the cities, the cities are stuck.
	We've seen people, matter of fact, did we cover all the people that went into the gym at the school in Chicago and had that major protest?
	Of course, we covered it.
	The citizens, yes.
	The citizens were freaking out and saying, where are you going to put them all?
	So the citizens were thinking about their quality of life, their city, and also thinking about where are these people going to go?
	What are they going to eat?
	What are they going to do?
	What's going on?
	And so it's like, congratulations, Blue Cities.
	This is what you get.
	And now this is the reflection in the mirror.
	The media won't cover it that way, but this is a direct reflection of the blue city in the mirror.
	And mind you, this is, Tom, this is from, this is Abbott, Governor Abbott from Texas, sending them to Chicago.
	How are they going to get back?
	So now, what?
	They have to make the trek back to Texas and leave through that port of venture.
	I'm confused how they're going to actually leave, though, because they got to make it back to Texas.
	And then what?
	This is easier said than done.
	Number one, I'll let you go.
	But this all comes down to, Pat, this all comes down to Alejandro Mallorcas, the homeland security guy that's to this day, you guys, everybody out there that's watching YouTube, this little rat, this little snake, he's in front of Congress almost every month and they ask him all these tough questions.
	Is it secure?
	Why are you doing this?
	Why is it an influx?
	All these terrorists are here.
	Everything's happening.
	Why?
	He just grins and never answers a question.
	It's done on purpose.
	Just look at that face.
	Look at Alejandro Mayorkis' face.
	This is the guy.
	This is the guy that is causing all the problems that all these terrorists that we've caught that we send back.
	He can't tell us how many are here.
	He can't tell us how many children are missing.
	He can't tell us.
	He can't answer the question of the sponsors that come and pick up these kids.
	They have no background checks.
	It's an actual influx of just negative crap.
	And this guy is going to keep his job and he's not going to get fired.
	He's done a horrible job.
	And I'm shocked that he's still employed.
	Shocked, Pat.
	Have you seen what MTG, what Higgins and what Holly have done to him?
	Have you seen these clips or no?
	I love them.
	Can you show one, please, Pat?
	What do you mean?
	But this is what pisses me off.
	They yell at him.
	They check him.
	He just sits there with a smiley face and nothing happens.
	Nothing happens.
	It's the bark and no bite.
	That's the Republican Party.
	They always get you excited because you think they're going to do something.
	But at the end of the day, Pat, they don't do shit.
	Nothing happens.
	He's been there for four years.
	It's not a border problem.
	It's a crisis.
	Okay.
	It's a crisis.
	And wait till you see, Tom, wait till you see when it bites us in his ass.
	God forbid, but I know what's going to happen when some terrorist shit goes down and that guy's going to walk.
	Nothing's going to happen to him.
	And we're going to trace it back to people that came through the border and we're going to figure out where they came from.
	And it's going to be interesting how the FBI and the CIA are going to suddenly give us chapter and verse on how they got here.
	And it's because they already know that they're here.
	They already know what's going on.
	They know that there's sleeper cells here.
	Well, let me say something about this situation.
	It is sad as hell that if you're from Venezuela and you make it to America and you end up in Chicago, you're like, I'm good, bro.
	I got to go back to Venezuela.
	By the way, that's the worst country to be in in the Western hemisphere with the potential of Haiti being right up there.
	But I don't see them going back to Venezuela.
	Once they made it in this country, believe me, they're not fleeing back to Venezuela.
	You know where they're going?
	Right where Ken Griffin said people are going down to Miami, down to South Florida, my friend.
	So I have a lot of Venezuelan friends.
	I have a lot of Colombian friends.
	I have a lot of friends from South America.
	Believe me, if they made it in this country, they're going south.
	They're head to Miami.
	They're going to head to Florida.
	100%.
	They're not fleeing back to Venezuela.
	That's why I thought this was an absolute Babylon B article.
	And it's true.
	But it just goes to show the downfall of Chicago.
	I remember I'm a huge Frank Sinatra fan.
	Everyone knows the New York, you know, it's up to you.
	Everyone knows that song.
	But everyone forgets he also sang about Chicago.
	Chicago.
	Chicago.
	Tell me the last time somebody sang a song about Chicago these days.
	Jay-Z and Alicia Keys did their New York song.
	But did you go party?
	Chicago?
	Tom, I'll party everywhere, buddy.
	If you like Sinatra, did you get, you ever go to the pump room at the Omni Ambassador Hotel?
	Tell us the story.
	No, they still have, I'm saying, you said Chicago and them.
	I assume you knew.
	They still have his booth there.
	All right.
	All right, Tom.
	We'll check that thing out.
	Thanks, bud.
	Don't let Tom fool you, Tom.
	Tom Hardy left through ours king.
	Yeah.
	You know, drinking water at 3 o'clock because he had some rolling in my 500 Benz.
	When you said Tom was rolling and something, drinking water.
	That's exactly what I was talking about.
	But anyway, so next, the clearest sign yet that commercial real estate is in trouble.
	Okay.
	Take a look at this chart, by the way.
	Rob, if you can pull this WSJ story up with what's going on with commercial real estate, it's a little bit ugly, a little bit ugly, but some people are still holding on and thinking everything's going to be fine.
	Well, here we go.
	Foreclosures in commercial real estate sector are on the rise, particularly in the mezzanine loans, making it a significant downturn in property market.
	This year, a record number of foreclosures notices have been issued for high-risk mezzanine loans totaling 62 notices through October, more than double the previous year's figures.
	Mezzanine loans known for their high interest rates have experienced a surge in defaults due to rising interest rates and increasing vacancies.
	These loans have played a substantial role in various property types, including office buildings and apartments.
	Why would you buy a building on a freaking mezzanine loan?
	Interest rates are in mezzanine loans, which typically would be around 10 or 12% of the past, are now risen over 15%.
	Damn, 15%, making refinancing challenging and leading to more defaults and foreclosures.
	Tom, I think you know a thing about mezzanine loan.
	What do you think about when you see this chart here?
	When I see this chart, I look at the bar in the far right for 2023, and I'd like to remind people that fourth quarter stats are not in that bar yet.
	And take a look at what's here.
	It's basically what we've seen coming.
	You know, you have three steps.
	Step one, work from home.
	Step two, return to office.
	Not everyone.
	Step three, I don't need all this extra square footage.
	I don't renew my lease.
	I can't renew my lease.
	I break my lease.
	I get bankruptcy court to erase my lease.
	And then the commercial real estate crisis starts.
	Commercial real estate, step four, this is local banks.
	And now, guess what's going on?
	Now the banks are foreclosing because, hey, you haven't paid us the payment.
	You've gone six months.
	We wanted to restructure it.
	Bankruptcy judge said restructure it.
	And all of a sudden, boom.
	Look at that.
	And so you can see it went up in 21 during COVID, went down in 22, as you might expect, with a little bounce back.
	And now here we are in 23.
	Look at that.
	It's almost double.
	Excuse me.
	It is double 22.
	And we don't even have fourth quarter stats in here.
	So this is the consequence of COVID, work from home, return to office, and economy that is not as good as the stock market would let you believe it.
	And now we've got empty buildings and banks are foreclosing.
	Look at that.
	You know what?
	You're going to get deals on commercial real estate right around election time.
	Yeah.
	I know somebody that's looking at a couple deals, if you know, if you know some friends.
	Is that crazy?
	It's doubled over last year and you don't even have fourth quarter stats in here.
	I'm actually looking at a property today.
	And we're making a bunch of offers in what we're doing.
	But yeah, but look at 08, though.
	Look at 08.
	Just look at 08 after the big, you know, big short, the crash, all that.
	Goes a little bit up and then boom, flattens, comes back down.
	Doesn't get back to the same levels until 2019.
	But look what happens after COVID.
	You know what that sign is, Tom?
	That sign to me is purely what Zoom did to commercial real estate.
	That's got nothing to do with the economy.
	Because if it's 08, 08 was economy.
	And look how much economy climbed up.
	Not a big spike, but this last explosion to me to go this sky.
	Okay, look at 08.
	How much bigger is this year's than 08?
	Remember, Q4 is not in there.
	So assume this is going to end up being above 80.
	Is that a fair assessment to say it's going to end up being above 80, Tom?
	Absolutely.
	Let's say it's going to end up being 85.
	What is 08 times 2023?
	So what is that?
	Let's just call 08, round it up, and call it 10.
	I think it's more like a 7, Tom.
	More like 7?
	Okay, so that's 11 times.
	11 times.
	11 times.
	So people are sitting there saying, man, you know, I don't know.
	I think Zoom has something to do with it.
	And at the same time, these interest rate mezzanine loans.
	You don't mess with mezzanine loans.
	We did once, and I was as quickly as I could pay them off.
	We paid them off.
	Tom, I'm like, Tom, pay that thing off.
	We paid it off and we went and got 10 million bucks.
	You remember that when we kind of went through it?
	It can work for its purpose, but you got to use them carefully.
	Yes, you don't use it carefully.
	You can lose everything you got.
	And we were able to pay it off as soon as possible.
	So what?
	I thought it might have been Rob.
	Oh, Rob, you got to mute your mic.
	So, Pat, a bunch of people, I mean, if you have money, then buying a bunch of this commercial real estate right now would be smart and just hold on to it if you can't afford it.
	There is desperate sellers right now, but there's going to be more desperate sellers in six to 12 months.
	So meaning if you have the money, snatch up as much of it as you can because that's obviously in the company.
	Right now, maybe there's a phrase they use right now.
	And it's right now you might be trying to catch a falling knife.
	Yeah.
	And you don't do that.
	You're going to get cut all the way down.
	I don't know if we've seen the bottom yet.
	Oh, wow.
	I don't think in commercial real estate you've seen the bottom.
	Not in commercial real estate.
	Not up in here.
	No, it's not happened yet.
	Not up in here.
	Not up in here.
	Pat, you bring up a good point that 08 is completely entirely different of what's going on today because in 08, the whole emphasis was these mortgage-backed securities and the toxics loans and everything that was going on with that and the big short.
	And everyone couldn't afford your mortgage.
	Everyone was buying because with a whole Nina, what is it?
	No income, no assets.
	And you're just basically strippers were qualifying for three mortgages.
	And everyone, these days, it's almost the exact opposite.
	People can't get into homes before it was just basically they couldn't get out of them or they were getting kicked out of them.
	But commercial real estate didn't have a problem back in 08, other than maybe basically the Bear Sterns of the world and major companies that were shutting down.
	You talk about how AIG, what was going on with that.
	These days, the whole work from home, work from anywhere, it's entirely different marketplace is all I'm basically trying to say.
	The two don't have an axi.
	You're right.
	Significant correlation.
	You didn't hear me mention interest rates or any economic stats when I was talking.
	I took you through the steps that was COVID, lockdown, work from home, return to office, not everybody returns to office, and then the breaking of the leases.
	And it's all been corporate and COVID-level decisions and the economics of work from home and Zoom coming out of nowhere, you know, to impact impact lives.
	By the way, I don't know if we can pull this up real quick.
	Zoom stock price, all-time high in 2020, 22.
	It can't be looking good.
	Plummeted.
	I mean, how much is it down?
	Well, we looked at it before.
	Just go to a five-year.
	Go to a five-year.
	That one right there.
	Look at that.
	There's no goo, buddy.
	No, there's no goo.
	Plummeted.
	This plumps.
	By the way, you know what I'm saying?
	If you would have bought it in 2020 and you got out and basically in a year, man, you made some money.
	If you're still holding on to Zoom, thinking that's coming back, you're rooting for another freaking pandemic.
	Hover over 2020.
	Hover right over 2020 to get a number.
	See, 66.
	So just forget that those three years existed.
	It's gone from 66 to 63.
	And just forget about the climb on Mount Everest and the ball.
	You know what also this says?
	It's back to disappointment.
	Fake success.
	No, no.
	But also what this says is people are not working from home anymore.
	That's also what this says.
	Because this is also Sunday.
	Just like 08 to 2023 showed the spike.
	That showed the fact that it doesn't have to do where it's a market crash to market crash.
	It's two different games.
	This was part of work from home.
	Now they're starting to come back home.
	This also shows, you know, people are coming back to work from the office.
	So we'll see.
	We'll see what's going to be happening there.
	Next, U.S. continuing jobless claims rise in highest in almost two years.
	This is a Bloomberg story, page 13.
	If you want to go to it, folks, here very soon, you're going to be able to get the notes that we go through.
	All the notes, every interview, everything we do, you'll be able to get it as well.
	Stay tuned for that.
	So U.S. continuing jobless claims rise to highest in almost two years.
	Continuing applications for U.S. unemployment benefits have surged.
	Best way to kind of measure this to the highest level in nearly two years, reaching 1.87 million people on the week ending November 4th, marking the eighth consecutive week of increases.
	Initial jobless claims have increased to 231,000 during the week ending November 11th, the highest level observed since August during rising jobless claims, along with data, including a drop in U.S. factory production and declining home builder sentiment in November due to high mortgage rates, are contributing to speculation among traders that the Federal Reserve may have concluded its interest rate hikes.
	At the same time, you all see these stories, see the story right next to it.
	Retail sales drops in October for the first time in seven months.
	Tom, what are you noticing here with these two numbers?
	Is that the Q3 party is over.
	We had a big party where everybody spent crazy.
	We talked about they used HELOCs.
	We talked about that they ran their credit cards up to a trillion dollars.
	The party is over.
	The cooling of the economy is here.
	And maybe the Fed has achieved, you know, a 3% inflation rate.
	Maybe they have.
	But it was going to come with consequences.
	And a soft Q4 is here.
	And the prospect, we've been talking about recession for a while.
	And I know I've been out there and I've predicted that it was going to be here this year.
	And I was not correct about that.
	But I think I am dead right that in the middle of Q1 to the middle of Q2 next year, we are going to have an absolute recession because everything is here.
	And ignore the stock market.
	There are other dynamics going on there.
	But this is what I see.
	Job claims are sustaining themselves for jobless claims.
	In other words, I couldn't find a job.
	I'd like to renew my jobless claim to see if I can get state support.
	And then now you also see the number of jobs being built is down and other things are down.
	So the party for Q3 was over.
	Enjoy the 5% GDP.
	We're here for 1% in Q4.
	And I think we're going to see a recession midway through Q1.
	Tom, let me ask you why you think you're going to see a recession.
	You said Q1 in 2024.
	So that's two, three months away, right?
	So here's some stats for you because I want to get your take on this.
	Current unemployment rate in the U.S. is what, 3.9% they just came out with.
	That's not horrible.
	They want to be under 5%, right?
	That's the sort of target number.
	You brought up inflation.
	I think the current inflation rate is low threes.
	3.3, I think was the latest number.
	They want it to be around, what, 2%.
	Stock market doing okay.
	You see crypto doing okay.
	So obviously the real estate market looks like a mess right now.
	But if you look at just sort of the basic numbers in the economy, things seem to be doing okay.
	So where do you see the biggest cracks in the economy?
	And why are you so sure that there's going to be an economic downturn or recession in the next few months?
	We'll take everything you said and just put the word today at the end of each sentence.
	So right now, I think unemployment is going to be back up to 5%.
	In the next three months?
	Midway through Q1?
	Yeah, absolutely.
	Absolutely.
	The layoffs, the layoffs are starting.
	It's not going to be a wave.
	It's not going to be a sudden spike like COVID.
	But what you're about to see is contraction.
	And you have to remember, part of the stock market pop that we've just experienced was layoffs in Q1.
	Remember how many layoffs?
	And they put those charges off, and then they artificially, profits are up sort of artificial.
	Then you have to look at it a year later and say, okay, if you laid off a bunch of people and profits are up Q3, Q4 unexpectedly, okay, can you do that trick in Q1?
	What's it going to look like?
	So I believe that right now the economy is in the midst of a contraction.
	And what will come with it is a slow, steady growth in unemployment culminating in a 5% rate halfway through Q1 and a recession.
	That's just another reason for me to vote for Biden and the Democratic Party.
	That's what I'm going to do.
	By the way, I'm not lying.
	I'm not alone here.
	You read between the lines here.
	I'm not alone.
	No, Tom, if anybody were going to believe it's going to be you.
	And by the way, talking about Biden, Rob, if you can show this.
	So here's Biden being asked a question about G, and then we're going to show the clip about what's going on in San Francisco.
	So first, Rob, let's start off with San Francisco, what it looks like.
	By the way, this is, when you watch this, the first part I'm going to show you is China.
	Then I'm going to show you what San Francisco looks like.
	This is China.
	Go ahead.
	Go ahead and play this, Rob, if you can.
	Rob, Rob, Rob, Rob, play this.
	Play it.
	Let me hear this.
	Wow.
	China, it's so clean.
	The streets of China.
	Look at China, bro.
	Look, I like how they represent with all of their flags.
	I respect that.
	I mean, you have to do that.
	It's your country.
	It's your country.
	All flags.
	It's clean.
	Look, Pat.
	Is there any dirt?
	No dirt?
	Well, this is the case study.
	Like they're saying, look how clean China is.
	This is what we expect San Francisco to be.
	To be honest with you, I would love to move to China.
	And there's a shipping coming in.
	And there's Xi.
	And you can pause it now, folks.
	Wow.
	I'm messing with you.
	That's actually San Francisco.
	Em Rob got confused.
	Rob, I don't know.
	Very challenging.
	And Rob, my China.
	That's San Francisco.
	They made San Francisco look like in China.
	And is there any video of what that street typically looks like?
	I'd love to see it.
	Well, it used to be disgusting.
	They cleaned it up.
	They put barriers.
	You'd be a guy with a hammer living on that street.
	He was one of a Paul Pelosi.
	Yeah, he was.
	But pay attention, guys.
	Not one.
	Shout out to Paul Pelosi.
	Not one American flag.
	Not one pride flag.
	It's all about China.
	And, bro, and Gavin Newsome has, Pat, I don't know if you saw, this is Gavin Newsom's response.
	They asked Gavin Newsom, well, you're cleaning this up just because there's some dictator is coming here, some leader, and that's your plate.
	Folks say, oh, they're just cleaning up this place because all those fancy leaders are coming into town.
	That's true.
	Why?
	Because it's true.
	No, because it's true.
	It's also true.
	For months and months and months prior to APEC, we've been having different conversations.
	I know God.
	Okay, so Pat, here's my question.
	This is a smart politician getting in front of the narrative.
	Yeah, but to ask you guys a question, no, Pat, it's an eight-mile approach.
	Yeah, I know I live in a trailer park.
	I know that San Francisco's shitty.
	I know that there's poop maps everywhere.
	But we're going to clean this thing up, Robin Ross.
	Look at that.
	Go back a little bit, Rob, so everybody can go forward.
	What is the San Francisco before and after?
	Look at the top.
	Look at that.
	That's the same street before.
	And those are metal things so homeless people can't sleep.
	They put that there so no homeless people could even get comfortable.
	Look, walls.
	What happened to the no border wall belonging to the ball?
	I think for the sake of America, Xi should just do a tour of America.
	Go to New York.
	Everywhere.
	Go to Chicago.
	Come down to Dallas.
	Get some Texas.
	Come down to Florida.
	Let's party in South Beach Xi.
	Just clean up the country.
	Where is the American?
	Unbelievable.
	Outrage.
	Where's the outrage that it takes a dictator to come here for them to clean up a city that we've been begging, clean up the homeless, the drugs?
	It's disgusting.
	So it takes this piece of shit to come here.
	By the way, he's two for two for cleaning up our streets.
	First with COVID, it looked just like that.
	And now with this.
	Well, no.
	Not with this.
	We had a lot of riots there.
	No, no, no.
	Well, hold on.
	I'm telling you right now, this relationship, this situation should worry everybody.
	Gavin Newsome, who we all know is going to be running for president.
	We're not stupid.
	He's buddy-buddy with China.
	China's coming in.
	They're showing their force.
	Biden just said two guys.
	What did he say, Rob?
	He goes, hey, Gavin Newsome's a great governor.
	I wouldn't mind him taking my spot.
	Watch this.
	Watch this here.
	Pay attention to what this idiot says.
	Listen.
	I want to thank him.
	He's been wondering.
	I'm a news of a governor, man.
	Matter of fact, he could do anything you want.
	He could have the job I'm looking for.
	He could do anything he wants.
	He could even take the job that I'm looking for, meaning the president.
	You have the job.
	He has no idea what he's doing.
	You are the president.
	But by the way, play the clip when they ask him about Xi, and he says what he says.
	And Blinken's face, you have to see his handling when he's answering.
	His hand was like, don't say that.
	Don't say that.
	Watch this.
	Mr. President, after today, would you still have President Xi as a dictator?
	This is a term that you used earlier this year.
	Oh, my God.
	You got Blinken blinking.
	Blinken's blinking.
	Go back again.
	Mr. President, after today, would you still refer to President Dictator?
	This is a term that you used earlier this year.
	Do that again.
	I'll talk.
	Who are Peters?
	I mean, shit.
	By the way, you know what that face is?
	Most Americans know what that face is.
	This is Thanksgiving, and your wife just, and you're at the Thanksgiving table, got the whole family around.
	Everybody has sharp knives, and your wife just says something about your mom.
	And Thanksgiving.
	And Thanksgiving is about to go into a big verbal fight.
	And that's you.
	And he's don't throw Kim under the bus.
	Well, my mom, it's pretty crazy.
	Even when he was sitting across from Shi and the meeting was coming to an end, he's one of the main handlers.
	Kirby's one of the other handlers.
	But then right when it was done, their other handlers are kicking out all the press score.
	And they're like, no, no, everybody, get the hell out.
	You can't even get to Biden.
	I'm shocked they even let this question happen.
	But more concerning is the relationship that these guys have with Shi.
	He shook his hand.
	They're friends.
	And this just brings back their whole relationship.
	Let me pull up the Vegas odds for Newsom.
	Yeah, I think it might have actually been lower than 12, but think about it.
	Talk about that.
	I can't wait for this guy's.
	I can't wait for him to write the book.
	Yeah, Noosom is 12 to 1.
	12 to 12.
	He was at 41.
	And waiting at him couldn't get the bet.
	Guys, I'm telling you at home, that is the bet to make is Gavin Newsom, especially with Tom.
	Look at where Vivi.
	Look at this.
	Even though they show Haley ahead, look where Vivek is at tight with RFK.
	Oh, wow.
	I didn't see that.
	Wow.
	So the polls, and only two away from DeSantis being at 12.
	Vivek.
	By the way, if you want to go there, you wait for Rob to pull that up because I've got some new polls too.
	I love polls.
	Can we address kind of what actually is some of the tangible substance that actually happened in this meeting with China?
	I've done some stuff on this.
	So obviously the dictator thing is going to be in the headlines.
	And then he was asked later.
	Did double down on it right after that?
	Yeah.
	But come on, he is.
	He kind of is a dictator.
	I mean, what do you mean, kinda?
	Right.
	He runs a Communist Party of China.
	And it's, you know, if you say anything against the CCP, you'll end up missing.
	Look at Jack Ma.
	Where's he been?
	Now he's sort of, but I think this is obviously the most important two-country relationship in the world.
	It's not even a question.
	If you want to get into the substance of what's going on with China, we all know that the CCP runs that country, but their core foreign policy is usurping the United States to being the global leader.
	And they want to counter the U.S. and become the dominant country in the world.
	So the premise of this meeting was restoring confidence in the Chinese economy.
	We've covered the whole Evergrande.
	There wasn't even another real estate company that they've been basically under bankruptcy.
	So they basically came here to sort of smooth out relations in the U.S. We've seen the debt crisis.
	We've seen sort of the downturn in the Chinese economy.
	But here are the key things they talk about.
	He didn't mention much, if anything, about trade relations or even the debt situation going on in the U.S.
	It was all about stabilizing just general relationships.
	They were talking about having military contact moving forward or resuming military contact, working on the fentanyl situation, cooperation on that.
	But what do they mean by working on the fentanyl situation?
	You guys are sending fentanyl.
	They address it.
	And they talked about climate, Adam.
	Climate?
	They did do a little bit of climate.
	They were talking about new dialogue regarding AI.
	But most importantly, probably the most important thing they discussed was the conservation of pandas here in the United States.
	That was one of the main topics they talked about over there.
	But they didn't really get into trade or investment or anything like that.
	Bob, can you go back to that?
	Because hold on.
	What China says right here, this is an ultimatum.
	This isn't a conversation.
	She says U.S. and China can only be adversaries, meaning enemies or partners with no middle ground.
	That isn't a relationship.
	That is either we're going to fight or we're going to be cool.
	We can't just be like chill with each other.
	And Adam, this just goes to show us that China owns us, owns Biden.
	Biden is compromised.
	Bro, they've no, no, what do you mean you don't?
	They can fly spy balloons wherever the hell they want.
	Okay.
	They could buy land next to military bases.
	They're buying hundreds of thousands of acres of land.
	When they come to San Francisco, it gets cleaned up to a T, and homeless people are freaking kicked out and pushed to San Francisco.
	I mean, to Sacramento.
	Like China owns us.
	How much more proof do you need?
	And that's why this relationship is scary because I'm telling you right now, if Trump gets to run and Trump is the front runner, that's what you need to be scared of.
	We were talking about Pandemic 2 maybe coming to help Zoom out.
	Who knows what the hell is going to be up their sleeves, bro?
	Because they do not.
	You think China wants Trump to come in?
	You're nuts.
	Definitely.
	Let me just finish my point here because I think you go a little faster.
	Make your point before.
	We're about to wrap up.
	Okay, so but the thing is, I'm not even talking about politics right now.
	Put politics aside because that's obvious.
	But this was a business, basically, a biz death situation.
	If you want to look at who was at that dinner last night, it was a $40,000 per plate dinner.
	And then you can pay $2,000 to basically be a part of the GA.
	You got Tim Cook.
	Elon Musk was there, but he didn't, I guess, participate in the dinner.
	You have Steven Schwartzman from Blackstone.
	You have Larry Fink from BlackRock.
	You have Ray Dalio sitting there.
	You got the execs from Qualcomm, from Pfizer, from FedEx, from Boeing.
	Mark Benioff was apparently there.
	But Mark Zuckerberg, interesting enough, wasn't there, even though this has happened.
	He had a certain number of people.
	He got hurt.
	But I think, in my opinion, and this kind of goes to you, every single name who was at this dinner, every single name who was basically a part of this, their names should be disclosed, coinciding with this whole APEC meeting that was going on.
	Not APAC, American Israeli, but APAC, the Asia-Pacific, the Asia-Pacific Rim that was going on there.
	Any name out there that's dealing with China, their name should be disclosed for sure.
	I'm definitely not basically saying, yeah, he can come in and do whatever he wants.
	I'm basically saying that I'd rather have dialogue and relationships with our greatest adversary rather than being like, fuck you.
	Because that doesn't work.
	Yeah, so here's the goals.
	By the way, total net worth of $760 billion was at dinner.
	Jeez.
	And take $250 of it from one guy.
	Okay.
	And Jeff Bezos wasn't there.
	So it's not like Bezos was there to add his $200.
	So take Bezos' trillion dollar crew rate.
	Trillion dollar net worth was there.
	But here's the thing.
	So Xi gets up and says, we can either be allies or enemies, but we can be in the middle.
	How do you interpret that, Tom?
	Very simply.
	At this business dinner, he said, the terms of being in business with China are like this.
	We're a full partner, which means we open the borders for each other and we are unconstrained.
	Or we're full adversaries and I'm taking Taiwan and you want to come do something about it, you know, we can get there.
	It's that simple because what he's saying is tariffs.
	I don't want the tariffs.
	I don't want the complete impediment to certain shipments of certain imports of certain materials, let alone the tariff on it.
	He's saying no restrictions, no restrictions.
	And he wants China to be our unconstrained, unrestrained trading partner to ship as much as they want in, period.
	And that's the end of the story.
	So either we are full partners like this and get rid of all this tariffs and stuff, or we're full adversaries.
	Pick one.
	But Tom, wasn't that the whole premise of the Republican Party?
	It's just free trade, don't stop trade, laissez-faire economics.
	Like, isn't that sort of the whole part of the world?
	Well, Trump was trying to make sure that.
	But if free trade is truly free and if currencies are truly balanced to one another, but China has never had a currency that was balanced and pegged to the world currencies, the dollar, the euro, the pound.
	It's never been pegged to that.
	It's always been an unfair economic game with what happens to pricing.
	And so, yeah, it is, unless you're dumping, unless you are putting tariffs the other way.
	So if there's tariffs the other way, good Republican presidents have spoken up.
	Oh, oh, you're going to put a tariff on aluminum going that way.
	I'm going to put a tariff on all the bauxite going the other way.
	Yeah, that's the way it works.
	I totally get that.
	Well, I want to ask him.
	So, Tom, with that attitude, either adversaries, either enemies or partners, once we say, okay, we sign on to this, which it seems like they're going to do, I think Biden's going to do it.
	Then when they want to attack Taiwan, remember, there's no middle.
	We're either with them or against them.
	So what do we do?
	I've made my one point, and it's just another 20 minutes to go and analyze it.
	But you don't like it.
	Here's what I would say.
	This is what I would say with this.
	For me, he's getting up here.
	He's saying what he's saying.
	Great.
	You want to be allies?
	Great.
	It's either this or that.
	I actually like the way he's doing it.
	If I'm China and I'm in his ear, or if I'm somebody that's processing with him on how to present this to America, he did it the right way.
	Because what he's trying to say is, whoever gets elected next, you guys better not start investigating me for, you know, what happened during COVID and Wuhan and all this stuff.
	You better not bring that up because if you do that, we're not partners.
	Of course, that's what's happening.
	So now here's a part.
	If America doesn't investigate that, then the American people who don't ask for that as an important issue are so short-sighted and so quick to move on that the only way you resolve any issue.
	For example, think about it.
	What needs to be there for capitalism to work?
	What needs to be there for capitalism to work in a fair way?
	What needs to be there?
	Freedom, liberty, and debate.
	Okay, there's one word that needs to be there, laws.
	Okay.
	Why do you need laws?
	Because if you don't have laws, then there's a lot of things that somebody can come and do to bully you.
	For example, China, back in the days when they wanted to kind of start competing with the U.S., there's one reason why they couldn't compete with U.S. China only had four law schools.
	The entire country only had four law schools.
	Think about that.
	That's crazy.
	What the hell do you mean you have only four law schools?
	So then they started investing into law schools because they needed to have law and order.
	So when you compete, you're able to go do what you're doing and it's safe and protected, right?
	So what is the whole concept of law and order?
	That leads to what?
	Why do we need law and order to hold people accountable?
	Is China going to be held accountable?
	Definitely not.
	No.
	But that's not the right thing, though.
	Obviously.
	They have to be held accountable.
	We have to find out what happens because, and then China says, you know, it's either we're allies or not.
	Fine, let's define allies.
	Is it your definition of ally?
	Is it you defining?
	Because you and I can get, husband and wife can get married and say, I want to be a partner for the rest of my life.
	Okay, maybe your definition of partner is very different than mine.
	Your definition of partner could be, give me half of everything you got.
	That's not my definition of partner.
	Here's what my definition of partner is.
	So if you want to be partners, here's what I want you to do.
	What's that?
	Allow every one of our social media companies to be in China.
	Give access to all our social media companies.
	That's a definition of partnership to us.
	If you're okay with this, we want to go out there and investigate her to find out what happened with COVID because I'm sure you want to know, just like we want to know.
	Of course.
	Let's be partners.
	Let's partner up and find out where it was leaked to see if it did come out.
	You want to be partner?
	That to me is what you call a partnership, right?
	So whoever is the dictionary to define the word partner dictates the terms.
	If China decides what the meaning of partnership is, it may not be a partnership to us, but it means to them.
	But he's playing his cards in a very brilliant way.
	And by the way, one thing about Biden, here's one thing about Biden.
	Forget about what Biden should say.
	What Biden typically says off the cuff and then he corrects him some himself, that's what really Biden believes in.
	100%.
	Did you understand what I just said right there?
	Absolutely.
	Like Biden knows this guy's a communist dictator, but they're going to go correct him because that's not what you're supposed to say.
	It's what he is.
	So Biden's not necessarily a diplomatic, you know, he doesn't have the diplomatic prowess of, you know, going out there and just showing his ability to do that.
	It's not a specialty.
	But we know who this guy is.
	And at the end of the day, whoever's able to negotiate and structure what a partnership means, that organization controls the other one.
	I'm not comfortable partnering up with a country.
	And by the way, you said something.
	You said, don't you believe in the fact that, you know, laissez-faire, you know, let them, you know, Republican Nixon is probably where you're going to.
	Let's open up this and let's open up that.
	Yeah, open true.
	But it's got to be both ways, though.
	And this is not both ways.
	This is not both ways.
	This is more this way.
	They're benefiting.
	U.S. is not benefiting from this relationship as much as they are.
	Makes sense.
	The amount of money on import-expo, when you look at how much they're getting instead of us, they're crushing it in the negotiation.
	Xi and China should write a book on negotiation.
	It'll probably do better than Art of the Deal.
	And the reality is they are, we don't want them to be, we don't have to try to go to war with China, especially a hot war.
	But they're not our friend.
	This isn't a binary option.
	It's somewhere in the middle here.
	We're competitors.
	We're decoupling from their situation over there.
	We're all about capitalism.
	They're all about communism.
	And we're never going to see eye to eye on this.
	And what was the whole China 2030?
	What was that the way it was?
	In 2025.
	Yeah, 2025.
	That's two years.
	13 months from now.
	But 2025 is a global debt.
	But that obviously was pre-COVID.
	But We can have competition without conflict.
	I think is really what it comes down to.
	But they are not our friends.
	So I don't believe that this is a binary option.
	That looks like an underage kid working right there, Rob, that photo that you got.
	It looks like a child labor camp, which I'm sure.
	I'm sure it is, Ben.
	I'm pretty sure it is.
	He's such a good guy that we should roll out the red carpet from.
	I don't trust him at all.
	So, Dwayne Johnson was on Joe Rogan, and they talked about president.
	You know, hey, you know, he says, you know, a lot of people from both sides are asking me I should run for president.
	All this.
	Is this the part where he talks about running, or is this the part where he talks about Joe Biden friends, things like that?
	The second one?
	Go ahead and play the clip.
	I was a kid.
	You can have a Republican friend.
	Like, it was no big deal.
	It's no big deal.
	Like, oh, Bobby likes George Bush.
	Who cares?
	Who gives a fuck?
	You know, you were a supporter of Bill Clinton.
	He liked George Bush.
	Nobody cared.
	Nobody liked, fuck you.
	You know, it wasn't like you're a Nazi.
	Like, I'm a Nazi.
	I just want lower taxes.
	What the fuck are you talking about?
	How did I become a Nazi?
	Dude, it's the craziest thing.
	I have friends who support Trump.
	I have friends who support Biden.
	Do you really have friends who support Biden?
	Oh, no, Here's what I do.
	I have friends.
	Thank you.
	That's a good check because that's important.
	This is important context.
	They support the Democratic Party.
	I have friends who are loyal to the party.
	Yes.
	You'll be loyal to the party.
	Where are you?
	Remember that clip?
	Yeah, with Trump.
	Remember when he did calling out Trump six years ago, three years ago?
	No, it was during COVID, right?
	Yeah, exactly.
	Where are you?
	And, you know, I'm like, he was wearing a black shirt or something like that.
	Relax.
	I don't know, man.
	You know what I think when I see this?
	By the way, good for him for going on, Brogen.
	Fantastic.
	The right place he went to do that.
	You know, The Rock is one of these guys that you love his story.
	You want to love him.
	You want to love him.
	You want to support him.
	You want to be all there for him.
	But there's one challenge with The Rock.
	You know what the challenge is with The Rock?
	He wants the cake and he wants, what is that phrase?
	You can eat it too.
	Have your cake and eat it too.
	He wants, he wants, and you can't.
	You can't do that today.
	Because, you know, so the whole conversation with Kramer Reza Palavi, when we're having a conversation yesterday, the whole conversation is about take a position.
	Do you want the job or do you not want the job?
	So imagine if your father is the king of Iran, okay?
	Do you know in an interview with CBS in 1976, you know who they considered the most powerful leader in the world, the most powerful man in the world?
	His father?
	Rezo Shah Palavi.
	Mohamed Reza Palavi.
	Wow.
	By CBS, they said this is this, to his face, you may be the most powerful man on earth.
	Okay.
	You go from that.
	You're his son.
	You learn how to fly planes at 11 years old.
	Okay.
	You're sharp.
	You're smart.
	You're eloquent.
	You're all that stuff.
	Everybody wants you to run for office.
	Everybody wants you to go back and go be this and go be the second coming of your dad and your grandfather and all this stuff.
	The question becomes what?
	Do you?
	Maybe he doesn't.
	Maybe he doesn't want to do it.
	Maybe he's got a different plan for himself, right?
	For me with The Rock is, you know, he wants to keep Hollywood happy and keep his Oprah Winfrey friends and all this stuff.
	But he knows deep down inside he's a Republican.
	Rock is a Republican.
	Rock is not a liberal.
	Rock is not a Democrat.
	Rock is a center-right guy.
	Rock is a pro-America, pro-military, pro-hard work, pro-do your thing, pro-protect your family, pro-mother, pro-father, pro-being a husband, pro-being a good father, pro-taking care of yourself, pro-being clean, pro-being organized.
	These are all qualities of center-right, responsibility, you know, give back.
	He's all that.
	He's got all of that.
	But he knows if he comes out and says that, he loses 80% of the people that he's doing movies with.
	And the way he was talking about running for, you know, a lot of my friends on both sides, it's kind of surreal.
	How did I go from being a regular guy to now people are asking me to run for office and all this?
	That's very surreal.
	It's very surreal.
	No, it's not surreal, Iraq.
	DJ, you got a couple hundred million followers, man.
	You're the most recognizable face on earth.
	I think he was 57% of people worldwide recognize his face.
	Of course.
	But that's like a couple of countries.
	He's got the highest rating on people that one of the best smiles in the game.
	Good-looking guy, comes prepared, showman, entertaining, likable.
	But, brother, if you want to go in this space, you have to take a position.
	You do.
	Vanilla's not going to get you into the White House.
	So, a lot of things that people are talking to him about, they're like, well, I don't know about that.
	I don't know about that.
	Right?
	It was like a either he does or he doesn't want to give his opinions on it.
	To me, he doesn't give me the feeling of a guy that doesn't know about that.
	I get the vibes from Rock that he knows.
	He knows enough to have an opinion on it, and he's logical enough to take a position.
	But does he want to?
	That's the question.
	Because if he chooses to run and he runs as a Democrat, okay, do you really believe in the policies that they believe in?
	Do you really believe it?
	Or do you feel you want to do that?
	Because is the question between your camp?
	Are you having these types of conversations with the people that are in your corner?
	Hey, guys, let me ask you: should I run as a Democrat or a Republican?
	They're going to run polls to see what way would he have a higher chance of winning instead of what do you want to run for?
	These are two different questions.
	I don't know if you understand what I'm saying.
	I got it.
	So you shouldn't do a poll and say, which one's going to give me a higher chance of becoming the president?
	The question should be: what do you believe in?
	Perfect.
	Boom, Great.
	If you believe in this, run as a center left, center right.
	Run as a this, run as a that.
	Instead of, you know, well, based on these polls, if you run as a Democratic rock, you will win 54% and you beat the Republican rock of 46%.
	I think that's what his camp is probably doing.
	I think so too.
	And think about it.
	If he does go to that Democratic route, you know, the same people that when Joe Biden says, oh, they told me that I can't say this, they're going to be, they're controlling him the entire way.
	Like, he's not going to have his own decision.
	He would make one hell of a leader if he let it rip.
	And he.
	You ever read the book Fountainhead or At the Shrugged?
	Yeah.
	Have you guys gone through any of those two?
	I've never read Fountainhead.
	Have you read Atlas Shrugged, Tom?
	Have you read Fountainhead?
	Have you?
	Ellsworth.
	Okay.
	So, you know, the one part where the husband, his wife is like this, and the mother-in-law like this.
	Well, we need more money to go do this.
	And he's just going to work and doing what he's doing.
	And he's just sick and tired of being married to the wife that he is.
	You know that scene?
	Yeah, he's like on a little hamster wheel kind of thing.
	Yeah.
	He's just running life like that.
	Yeah.
	And finally, he takes a stand.
	He's like, this is it, man.
	This is where I'm at.
	And you know what happens?
	He earns a respect.
	He really, you know, there needs to be a part where everybody's telling him what to do.
	What do you believe in, man?
	Go do that.
	If you do that and you're straight up about it, you're not acting.
	You're being authentic.
	We will feel it.
	But if you're doing the acting stuff, where are you?
	You're an actor.
	That wasn't you really doing that at Trump.
	You were doing that because WME or CAA or whoever told you to do so.
	And you're, but by the way, check this out.
	When Dana White talks, do you're Dana talking about it?
	100%.
	1,000%.
	I could stop you right from there.
	Because you could tell he doesn't give a shit about your feelings.
	He just wants to let you know what's going on.
	Let's go through a list of these.
	When LeBron talks, is it LeBron talking or is he thinking about his agent and all this stuff?
	And China talking.
	Vacuous, vapid, empty.
	You can go through a list of actors.
	You can go to a list of when Trump's talking, who's talking?
	Trump.
	Okay.
	When Obama's talking, who's talking?
	Pretty much Obama.
	I don't know.
	I don't know.
	Who thinks talking when Obama's talking?
	I think it's half Obama, and I think it's half measured.
	Believe it or not, I think it's more Obama talking than when Biden's talking.
	When Biden's talking, it's not Biden talking.
	Of course, it's not.
	So, but even, and I'm with you.
	You asked me about Obama, Mike Take.
	Totally get 50-50.
	Okay, I'm more 60%.
	I think Obama's talking 60%.
	I don't think he has a mouthpiece for somebody else.
	But we're on the same page.
	We are not a full true believer.
	Yeah.
	You know, so for me, when Rock talks, not when he acts, he comes out with a movie.
	I'm supporting yourself.
	I love his gear.
	I have his shoes.
	I love his clothes.
	But when you're talking about beliefs, I'm sitting there saying, that's your camp talking.
	And I hate to say that.
	And I would love, I would love to talk to the guy off camera, no phones, nothing, and just say, what do you want to do?
	I would love that conversation.
	But again, I'm not sure if I'm his cup of tea.
	He likes more different types of conversations.
	But yeah, go for it.
	And by the way, and you know what weak leadership in that situation looks like?
	Do we remember when Obama was caught on a hot mic leaning forward into Putin's ear and said, I will have more flexibility on this issue after the election?
	Of course.
	He was running.
	Remember that?
	He was running against Romney and he leans up and says that.
	Do you think Ronald Reagan ever says that to Gorbachev?
	Never.
	Not in a million years.
	Oh, I'll have balls after the election.
	Yeah.
	I ordered them.
	I don't have Amazon Prime, but they're going to get delivered right after the election.
	I'll be able to do something.
	Sorry.
	Well, here's my take on The Rock real quick.
	I think down to his core, you're talking about a guy who had played football at the University of Miami, Gokanes, by the way.
	Then he went to the WWE.
	Do you smell what the rock is cooking?
	It was like that was his base, right?
	Men, football, wrestling.
	That's him.
	Yeah.
	100%.
	But then, look what happens in Hollywood.
	Once you go to Hollywood, right?
	See what happened to John Cena when he basically said something about Taiwan.
	Homeboy speaks Mandarin now.
	Flew.
	Like he had to give a full-on apology in Mandarin.
	I don't know how they did that.
	I don't think that was the Mandarin dialect.
	That's pretty much what it was.
	But now The Rock, he's worth how many hundreds of millions of dollars now.
	I have the opinion that most people, if not all, are for sale.
	Okay?
	So, hey, Rock, you want to be worth a billion dollars?
	Cool.
	Just get into the Hollywood world.
	You know, it's obviously Democratic left.
	It's woke.
	It's all that.
	It's LGBT.
	It's Pride.
	It's the LGBTQIA cult mafia, all that.
	But like, you're going to be a billionaire.
	So you got to be anti-Trump.
	You got to stand for this and just walk the line.
	But it's binary.
	Work or don't work.
	Correct.
	So I think he's made his decision.
	I think at the end of the day, he's probably more of a synergist, center-right guy.
	But he's going to play the Hollywood game.
	And that's why I don't think he's doing anything in politics.
	I agree.
	Because I think down to his core, he is more of a center, center-right guy, but he has to play the leftist in order to basically appease Hollywood.
	You have that video of John Cena, by the way.
	John Cena, like the whitest guy ever, speaks Mandarin.
	Go ahead.
	This isn't a bad thing.
	Tell me you can't be bought.
	No, you can't play this.
	You can't play this.
	Bob, this isn't the apology.
	There's one where he's just looking.
	Yeah, there it is right there.
	This is it. This is what the money looks like.
	Let me translate.
	Let me translate.
	I'm so sorry.
	Let me translate for the people at home.
	I'm sorry.
	I'm so sorry.
	You can stop running stuff, man.
	But that's what it looks like when you can be bought by the money.
	By the way, nothing wrong with that.
	Go get your freaking money.
	No, but just can't be trusted.
	But here's my thing, though.
	Like, okay, so The Rock, I agree with you 100%, Adam.
	No way in hell he's giving up Hollywood to go be a president or anybody in the political world.
	But I want to ask you a question.
	What would happen?
	I want to ask all you guys, what would happen if this election he comes out, The Rock, instead of the video where he's like, come, where are you, Trump?
	And he goes like this, guys.
	I'm Dwayne Johnson, aka The Rock.
	With what's happening with the country, with the border, with the economy, with the brink of World War III, with everything that's happening, I got to go with Trump.
	What happens to his whole career?
	Everything, The Rock.
	It goes, guess what?
	Girls are going to come out of the woodwork and say that he touched them.
	His career, his name, his legacy goes to shit.
	He'll get Russell branded.
	1,000%.
	So guess what?
	You nailed it at him.
	He's staying right in his lane.
	He's not getting political, and that is it.
	And, bro, just do that then.
	Yeah.
	Say it.
	I would come out and be like, I have no interest in running for president.
	This is not what I'm at.
	Make your money.
	Yeah, just like Gavin Newsome said.
	He's like, I'm not running for president.
	Gavin Newsom is running.
	Okay, Gavin.
	We got you.
	But this is the clip that you were talking about, Adam Girl.
	Teen Newsom's hair is in bed.
	Oh, this is the clip that you were talking about, Tom?
	This is the one with the Russia where he goes.
	No, no, no, no.
	Yes, it is.
	No, that's not Putin.
	No, it's not Putin, but this is Putin's number one.
	We'll go after the stuff afterwards.
	You can play that if you want to play it.
	Go ahead.
	Oh, and it was.
	I'm sorry, it wasn't Putin.
	Yeah, it was Meddeneville.
	Medden.
	Was it?
	My last election, please.
	Yes.
	That's in my election.
	I have more flexibility.
	I vote on this.
	I trust this one.
	Yeah.
	Okay.
	Yeah, I'll have more leeway.
	Oh, where Mike's still?
	Oh, that's weird.
	Are you people still here?
	Oh, yeah, we still got.
	Politics, though.
	Come on.
	Yeah, but that's politics my ass.
	You don't say that.
	You don't think those conversations take place off camera every single day in every single country of the world?
	Oh, 100%.
	You just caught it on a hot mic?
	100%.
	So he's in bed with Putin.
	That's what.
	I'm not going to.
	He's in bed with Putin.
	He's basically saying I have more wiggle room after the election.
	Every candidate would probably say something like that.
	I don't trust wiggles or rooms at them.
	You can go to the hyperbolic comment and just say, gosh, these conversations happen all the time, and you can be correct.
	I'm talking about my point was leadership.
	You're not going to see, if I'm Reagan, I'm not going to have a conversation with him.
	I'm going to talk to Putin direct.
	And I'm not going to say that.
	That's leadership.
	You got to give your shot.
	What are you defending?
	What are you changing?
	What are you creating?
	That's why you run for office.
	And you have to have that as authentic passions of who you are.
	Preach, Tom.
	All right.
	What are you running for president then, Tom?
	Tom?
	No, I'm saying I look at candidates.
	I want to know what are they going to defend?
	What are they going to change?
	What are they going to create?
	That's the three things.
	That's the way the cookie crumbles.
	Do you have anything?
	No, I'm not here to argue with Tom.
	I'm just saying that.
	You don't think those types of conversations happen all the time?
	I mean, come on.
	I say, listen, for the sake of tradition of this week, I say you guys fight.
	Yeah.
	I say, like, let's go, bro.
	You want to step outside?
	Tweet.
	Tweet each other.
	Tweet off.
	Tweet off.
	We're much more.
	You're going to give some scripture from Old Testament.
	You give some scripture from New Testament and let's kind of go through it.
	That's right.
	We're already getting.
	Good to see how much more aligned we are as well.
	We have to be on the show and just be in the middle of the day.
	Rob, what story do we have that we haven't covered?
	Anything else outside of that?
	I'm going to wrap up.
	So we'll go tomorrow morning.
	This was a short, quick podcast we wanted to do with a couple stories to cover with you.
	Tomorrow we'll be back at it again.
	We got a lot of stories we haven't covered.
	9 a.m.
	What's it called?
	9 a.m.
	Home Team Team tomorrow.
	9 a.m. tomorrow morning.
	Okay, take care, everybody.
	Bye-bye.

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