Scott Galloway · 58:41
That that... That's a fair point, and I I touched on that at the beginning of my comments.
Kara Swisher · 58:45
It's gonna be 1,100,000,000, couple percent. It'll hurt them, though.
Scott Galloway · 58:48
I would love to see an NPR and a PBS be really well funded by by private individuals such that the Republicans could stop using it as a punching bag at every hearing.
Kara Swisher · 58:59
Years. Yes. That's correct.
Scott Galloway · 59:00
Yeah. I... So let me commit. I'm gonna give... On what you said, I'm going to give some money to NPR and PBS and public radio because I think they do an amazing job. They do the best
Speaker · 59:11
public broadcasting is what you wanna give to.
Scott Galloway · 59:13
But go ahead. Corporation with c... CPB. Mhmm. But here's... What what was interesting is the survey came out, and they asked people what media entities are the most trusted for trying to be moderate. And what was interesting is the two that came up as the most trustworthy in the middle were formerly... Companies formerly known as having a conservative and or progressive bent. And the two were The Wall Street Journal and and I think it was PBS. Was it PBS or NPR? I think it was PBS. But what's interesting is that quality journalism does break through even if you have a political bent or a reputation for a political bent. Because The Wall Street Journal was always known as as conservative, but they said they they limited their conservative viewpoint to the opinion section.
Kara Swisher · 1:00:02
They did. They do. And worked there. I, know, I worked there.
Scott Galloway · 1:00:05
Love working there.
Kara Swisher · 1:00:06
But all are amazing journalists.
Scott Galloway · 1:00:08
It's a testament, quite frankly. You gotta give it to Rupert Murdoch.
Kara Swisher · 1:00:11
I agree. He left
Speaker · 1:00:12
it alone.
Scott Galloway · 1:00:12
He has done an amazing job stewarding that publication.
Kara Swisher · 1:00:15
Yes.
Scott Galloway · 1:00:16
Then in our business, I've I've said for a long time, I think we should, every time we do a podcast, send a royalty check to Joe Rogan who blew the medium open. NPR's podcasts, they are the original gangsters saying that audio quality, it matters. Production quality, they do such a good job. When you listen to their stuff, it is so tight and so well produced. Anyway, I'm a fan. I'm gonna... Corporation for Public Broadcasting.
Kara Swisher · 1:00:40
I think
Speaker · 1:00:41
one of the things that you have
Kara Swisher · 1:00:42
to note is that they have... What drives me crazy is this idea that Elmo is woke, or they're just saying be nice. They're not like... They're... They do. They go on and on, these right wingers. The... And remember, you know, Tinky Winky was gay or whatever, and that... Because he had a purse. The thing that drives me crazy is the same thing with Superman. Like, they're like, Superman's woke. And then, of course, it's the most successful movie of this summer. Secondly, if you go back to old Superman things and you read it out loud, they would call that woke. It's like everyone... Superman says, this is from the forties, be nice to everyone regardless of their religion or their race. This has been a Superman thing forever. It's just these people using the... These iconic things like Elmo and Superman and... As a as a cudgel is is really... Is so lame. They're so lame. Be nice is a real... Is not a woke thing. It's a nice thing to teach kids, and I love everything that NPR and PBS does. And please watch Ken Burns' American Revolution coming up, and then set... And we'll send you a tote bag if you give me $25.
Scott Galloway · 1:01:43
I I don't know. Elmo, folks, Elmo is conservative. If you list... Actually, to Elmo, he talks like a dictator or a LinkedIn influencer on mushrooms.
Kara Swisher · 1:01:51
Alright. Crypto really quick. Two seconds, and then we'll get to
Scott Galloway · 1:01:54
your point. I I think the space needs regulation. There's just no getting around it. By the way, I bought my first... For the first time, I'm a I'm a coiner. I bought I bought indirectly through a Bitcoin treasury company. I bought Bitcoin. Finally. Just for diversification real... And I'm just so sick of missing out on all this. What they've done... Bitcoin is just... It's a remarkable phenomenon. There's no getting around it. And I don't understand the nuances of the regulation, but this category needed some sort of clarity around regulate... Regulation. The Genius Act the Genius Act sets rules for stablecoin users such as... I think it requires one to one backing with treasuries, monthly reports, redemption rights, anti money laundering compliant. Those are good things. That'll be good for the space. Many of them already do this. I think Circle and Paxos already do this, and it will bring some clarity to the unregulated play... Players. Then there's something actually called the Clarity Act, And it formalizes the regulating bodies, which I think is a good good idea. Bitcoin and Ethereum will go to the CFTC or ICO tokens will go to the SEC. Stablecoins will have shared oversight. And then there's the anti CBDC act. This is the one I really don't understand. And as far as I can tell, that act is to make sure that the Federal Reserve cannot create a digital currency, that that they're worried that threatens the dollar's reserve currency status. And they frame it as defensive privacy, preventing the government from spying on how you spend money, but it's essentially a play towards... My understanding is it's a nod towards the anti surveillance crowd, but it's also the government probably doesn't want... Wants to ensure that the dollar's reserve currency is not threatened. So to their credit, I I think they're trying to bring some clarity to the space such that it maintains its momentum.
Kara Swisher · 1:03:48
Yeah. David Sacks got what he wanted in this one. He shepherded this one through. Anyway, we'll see where it goes, and and we should be watching that, absolutely, what's happening there. It's interesting that you that you invested. Alright. One more quick break. We'll be back for predictions.
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— Predictions segment begins —
Kara Swisher · 1:06:02
Okay, Scott. Before you get to Bridget, because I just wanna say, I had been approached by so many people about your incredibly touching tribute to your dad. I just wanna say, again, it was really wonderful. And I think our listeners really... I... I've been hugged more this week than ever before. People... Without without asking. People are like, I need to hug you. I was like, okay. On your behalf. So, I just think you really... One of the strengths that you have is you show your emotions, and it's really important to a lot of... Not just men, but women seeing you do that, I have to say. And so it... It's been unusual this week to get so many responses. So there you have it.
Scott Galloway · 1:06:40
Thanks for saying that.
Kara Swisher · 1:06:41
I predict you're gonna get even more woke. You know? I know
Scott Galloway · 1:06:45
I love what you... You describe me as a San Francisco lesbian. By the way, I am in San Francisco.
Kara Swisher · 1:06:50
What? I'm in San Francisco. What are you doing there? I'm coming there next week. What are you doing? Where are you? I I know that hotel. What hotel are you in? You don't I'm have
Scott Galloway · 1:06:58
at the Four Seasons. I'm visiting my sister. I'm gonna have lunch with her today, and I'm also
Kara Swisher · 1:07:02
doing say hi to your sister.
Scott Galloway · 1:07:03
She's I will.
Kara Swisher · 1:07:04
She's fantastic.
Scott Galloway · 1:07:05
Yeah. So I'm... I was... As you know, I'm in Colorado, I took the opportunity to come out and just have lunch with my sister.
Kara Swisher · 1:07:12
Oh, lovely. Anyway, let's hear your prediction then, besides the fact that you, me, and Michael will be in a cuddle puddle soon.
Guest · 1:07:19
Hello.
Scott Galloway · 1:07:20
Hello. Hello. Smack her ass, Michael. Smack her ass like she keeps protect... She keeps correcting me. Poor Michael. Oh. God, Michael. We're so sorry. Is he married? What's his deal? Married. He's married. He's married?
Guest · 1:07:38
Mhmm. The three of us the three of us will have
Scott Galloway · 1:07:40
a couple spicy margaritas and explore. How serious is that relationship? We're gonna have a sex tape, and then we're gonna send it to Meredith, his boss.
Kara Swisher · 1:07:51
He'll see it.
Scott Galloway · 1:07:51
Yeah. He'd probably get a raise at the New York Times. Come on. That's a good one. If Chamomile Thiel tried to explain the Fed rate hike. That's the daily. I love that. Oh, I'm sorry. My prediction.
Kara Swisher · 1:08:04
My prediction asked him to be a cohost during Scott Free August. I hope
Scott Galloway · 1:08:07
he'll be there. Say? He'd be perfect.
Kara Swisher · 1:08:09
If he wants to do it, he's
Speaker · 1:08:10
gotta ask the time for permission.
Scott Galloway · 1:08:11
Yeah. If you can't do it, you're getting in the way of our throuple, which is discriminatory. And, I mean, Meredith, stop giving into your heteronormative patriarchal management views around what daily... The pod... Your podcast host should do. That's so funny. Okay. Love love Meredith.
Kara Swisher · 1:08:30
Anyways Love Meredith.
Scott Galloway · 1:08:32
Okay. So my my my prediction is pretty straightforward. Before this podcast even airs tomorrow, there's gonna be another incendiary look over here, batshit crazy, hollow threat promise. I'm I'm raising. I'm putting a 200% tariff on Myanmarie's rare earth minerals. I am I am firing. I have decided I'm going to imprison Alec Baldwin, and there's gonna be something too.
Kara Swisher · 1:09:02
51. He should release the files on Eric. That would work. That would work.
Scott Galloway · 1:09:06
This is my prediction.
Kara Swisher · 1:09:06
They don't conspiracy with a conspiracy, Sasquatch?
Scott Galloway · 1:09:10
Focused. He's not doing anything. The the majority of his time right now and efforts are not being spent on increasing the material or psychological well-being of Americans.
Kara Swisher · 1:09:21
No. They're not.
Scott Galloway · 1:09:22
That's sad. They're in a room with AI going, what can he do or announce tomorrow? It doesn't matter if it's stupid. Doesn't matter if he has any any intention of actually following through that will keep the news off of one word, Epstein. Every day for the next seven days, Kara, and we should we should track this and read them out.
Kara Swisher · 1:09:42
Okay.
Scott Galloway · 1:09:43
Alright. There's gonna be something stupid, incendiary, which has absolutely no chance of ever becoming reality in an attempt, and the media will fall for it. They'll go, Jesus Christ. What is he thinking? And they'll start talking about that rather than what he doesn't want everyone to talk about, and that is he is freaked out for some reason about the release of the Epstein files.
Kara Swisher · 1:10:05
He thinks it's gonna go away. He does. Internally, they're saying they think it's gonna go away. I don't think it is. Sorry, Trump. You better address it. That's all he's gotta do. He's gotta address
Scott Galloway · 1:10:13
it. Do you have any predictions?
Kara Swisher · 1:10:14
I think he is going to probably have to release these things, and then we'll have to worry about the fraud involved in it. That's... I think he he has to release them. I don't think he has a choice here. I don't think he can... He he is very good at pushing things off. I think he absolutely can... He's gonna have to release these things, and I don't think it's gonna be like his taxes or anything else. He's not getting away with this one. I think Elon is correct about that. It's not gonna work this time. Anyway, we wanna hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com/pivot to submit a question for the show, or call 85551 Elsewhere in the Kara and Scott universe, this week on professor g conversation, Scott spoke with Greg Lukianoff, a free speech advocate, first amendment attorney, and president of FIRE, the foundation for individual rights and expression. Let's listen to a clip.
— Predictions segment ends —
Guest · 1:11:04
Well, in terms of first amendment law, anonymous speech is protected. But but I don't think that's sufficient enough of an answer. And I think I tend to think of the justification for anonymity as like a seesaw. That especially if we lived in a free and enlightened society in which people welcomed dissent and welcomed disagreement and there was no imaginable idea that you'd be punished for it, then the justification for anonymity would kind of ring holler to people.
Kara Swisher · 1:11:34
Yeah. I like that. You talk about that issue a lot, Scott. It's an important one. Okay. That's the show. Thanks for listening to Pivot, and be sure to like and subscribe to our YouTube channel. We'll be back next week. Scott, read us out.
Scott Galloway · 1:11:46
Today's show was produced by Lara Nayman, Joy Marcus Taylor Griffin, and Kevin Oliver. Ernie and her Todd engineered this episode. Thanks also to Drew Burrows, Miyazadeiro, and Dan Shalon. Nishat Kura is Vox Media's executive producer of podcasts. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at nymag.com/pod. We'll be back next week for another breakdown of all things tech and business. Michael, call us.
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