Kara Swisher · 1:02:43
So thoughts? She really went there. I did not think she would, but there she did.
Scott Galloway · 1:02:49
Well, okay. Thanks, captain Obvious. I feel the same way about vice president Harris as I feel about all these Republicans who grow testicles after they leave office. Yeah. We don't need you to decide it's reckless now. Had you demonstrated the leadership capabilities we hope from a president, you should have walked in and said, I don't think you should run again, and I'm not gonna support you to run again. Maybe you don't anoint me. Fine. But I have an obligation duty to the country and you should not be president. This is fucking ridiculous. And she saw up close and personal, but instead, like a lot of people around him, she decided to whistle, you know, whistle past the graveyard.
Kara Swisher · 1:03:26
She does talk about it in the thing. It's like, I think there is, when you're in those situations, everyone's like, well, it's up to Jill and Joe, right? You know what I mean? Like, even if... Same thing with Trump if there's something, and no one will do anything. Like, those those environments create overly cautious, very reticent people saying it's up to him. Like, you know, Newsom did it. They all did it. Newsom also did it. So did, like, all the
Scott Galloway · 1:03:53
Democratic Someone who probably deserves more credit was representative Dean Phillips, who very early said, I'm running because I don't think president Biden is fit to run again. And he got pretty swiftly pilloried and swept away. He didn't get a lot of traction, but he does deserve some credit for coming out early. I'd like to roll with that dude. Representative Phillips?
Kara Swisher · 1:04:16
You met him. We met him at the DNC. He came over to us.
Scott Galloway · 1:04:19
He came on my pod and came out. Actually, he seemed like a nice man. Look. If two podcasters can say a year and a half before he's too fucking old, the vice president and the people around him should have enough fidelity to the White House or democratic ideals to realize pop... It's time for pop pop to to get a gold watch and retire.
Kara Swisher · 1:04:39
I know. I mean But you And I imagine that environment.
Scott Galloway · 1:04:44
Everyone engaged in it. You remember the emails we were getting? Sign up. You don't understand the assignment. I was like, oh my goodness. You don't think you don't think the world sees this?
Kara Swisher · 1:04:54
We need to stop Trump. I'm like, not like this. This isn't gonna stop Trump. He's gonna fall over dead, and then we're fucked. You know what I mean? Like
Scott Galloway · 1:05:01
Yeah. I don't... Look. I don't... The... I I think the vice president... I've said this before. I I think the vice president given a UK style election format in a... An American environment, she was shortchanged. And, president Biden, supreme court justice or justice Ruth Bader Ginsburg, senator Feinstein have stained their legacy because they let their narcissism outweigh what was right for the country. Full stop. And and for her also, quite frankly, you don't... You can't blame an 80 year old because he's 80. And his family, which can't see clearly because that's their dad and their husband. But the people around him, secretary Blinken, vice president Harris, they all should have sat him down. And finally, to his credit, I think it was senator Schumer and speaker Emerita Pelosi. Pelosi. He did an exit voluntarily.
Kara Swisher · 1:05:58
Not talking to Pelosi. But I think was Pelosi who did it.
Scott Galloway · 1:06:00
Because she went in there and said, I'm really sorry. We're both old. We both need to go home. And if you don't announce you're getting out of the race, every three days, I'm gonna have someone, a Democrat, announce they're not supporting you. He didn't wanna leave. This was not his decision. Supposedly, he's going through all this rumination and contemplation. But all this rumination and contemplation isn't about how badly he fucked the country. It's about it's about could I have won if I'd stayed in? The narcissism here of these folks... And, again, it goes back to what we were talking about before the shooter. People need guardrails. What I mean by guardrails is people who have the balls and the credibility to sit in front of you and go, no. You're wrong. You have to stop this. You have to stop this. You're not thinking you're not thinking clearly.
Kara Swisher · 1:06:42
I have no doubt that none of them did that. None of none, including her. And so what should I ask her? Give me a question for
Scott Galloway · 1:06:48
her. In ten years, would you... If someone could say to you in ten years, you can be a supreme court justice or be drafted to run for president again, doors one or two, what would you rather do?
Kara Swisher · 1:06:57
Oh, good one. I like that. That's a
Scott Galloway · 1:06:59
good one. And also, quite frankly, did you really let down the country by not have... Oh god. I'll be there in your ear like a producer with Anderson Cooper.
Kara Swisher · 1:07:08
Yeah. You'd also never ask her. I'm... I have the guts to ask her. You'd be like, oh.
Scott Galloway · 1:07:12
Oh, no. You're much nicer in person than me. You're much nicer in person than me.
Kara Swisher · 1:07:16
No, but on stage I'll ask her. You know I'll ask her.
Scott Galloway · 1:07:18
Well, can away with it. Everyone's like, oh, that's her. There goes that Kara.
Kara Swisher · 1:07:22
There that Kara. That sassy Kara. Once again, and isn't she charming? But yeah, I think the whole establishment did it. But I do like that she wrote it anyway. I'm kind of like, good, just tell us what happened, and then we don't do it again. All right. She didn't have to do this, and she did it. I will see
Scott Galloway · 1:07:43
if she's running again. All
Kara Swisher · 1:07:45
I know, but I'm telling you, probably wouldn't have means do it she this wants
Scott Galloway · 1:07:47
to be drafted to be president again. They all write books. They get a big... Everyone needs to make a living. She got 2 or $3,000,000 advance to write a book, and she wants to make it interesting so people read it. And okay. Wow. What a revelation that it was reckless. Okay. No shit. No shit. And now that doesn't help vice president
Kara Swisher · 1:08:08
Scott's review. No shit, Sherlock. Really? Really?
Speaker · 1:08:14
Really?
Scott Galloway · 1:08:16
It wasn't the right move for him to stay as long as he did?
Kara Swisher · 1:08:22
It was reckless. Wow. Anyway, we got one more quick break. We'll be back for predictions.
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Kara Swisher · 1:09:23
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Speaker · 1:09:39
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— Predictions segment begins —
Kara Swisher · 1:10:24
Okay, Scott. Let's hear a prediction.
Scott Galloway · 1:10:27
Well, it's the boring stuff that moves the needle, but, we have become kind of the master. We are the Messi of own goals. And for those who don't know, Lionel Messi, greatest football player in the history of the game. And the most recent one barely got any coverage. But, earlier or last week, I think it was, Okay. On September 4, the Hyundai Motor Group, MetaPlan in America was raided by ICE. About 475 people were detained, including 300 South Koreans who were here on a b one visa, visitor visa, which don't normally authorize certain types of manual long term work, but they're used all the time for the type of work they were doing. And legal representations argue that many workers' contracts had the required specifications. So it's up for debate whether they had the right visa or not. And they're saying that Homeland Homeland Security, Georgia State Patrol, that their actions followed a warrant and investigation into unlawful employment practices at the plant. So what happened? These people who are incarcerated, South Korea immediately chartered a plane, has brought them all back to South Korea. And by the way, this factory is part of a... You know, this was gonna be a $7,500,000,000 factory. This is exactly what the president claimed he was gonna do, bring manufacturing and greater investment into America. South Korea is a fantastic ally. What if we... What if Germany said, you know, The US US, you're just cleaning up with an AI. We need some of your great American companies to invest in Germany. And we opened an NVIDIA plant there, and we had people over there under what looks to be a legal visa, and then German police raided it, incarcerated our engineers. Well, how would we respond? So this is how this is how South Korea is gonna respond. LG, Samsung, Hyundai, they're gonna substantially curtail any plans for capital investment in The United States. This was not only stupid, but it's basically gonna set us back economically. So this was again, yet again, another own goal. And then my other one is Russian drones. Russia is... Everybody says, you know, Trump is fond of saying, oh, I would... They they would... Russia would have never done this if I was president. Russia is poking Trump in the eye right now. First, a cyber attack on an EU plane with an EU minister. Fine. That's a test. And most recently, they have flown attack drones into Polish airspace. And and to see how how we or the EU respond. And I'm not gonna get in... My prediction isn't a geopolitical prediction. My prediction is the following. The best stocks for the second half of the year or the last quarter of the year are gonna be European defense stocks. Because Russia sending attack drones into Poland. By the way, Poland is protected by article five of NATO. Meaning, if they're attacked, all 32 member nations of NATO are attacked. What does this mean? Russia is contemplating or toying with military action against NATO. So what is the economic implication of that? You're about to see Poland has already increased its percentage of GDP going to defense spending. By the way, Poland is an economic miracle. It's gonna go to defense. Oh my gosh. You're gonna see an increase in defense spending coming out of the EU nations, and they're gonna say, you know what? We're not spending it on Northrop Grumman. We're not gonna spend it on Andoril. We're not gonna spend it on Boeing. We're gonna spend it on European defense companies. And guess what? There aren't that many of them. So the publicly traded... The 10 or 15 publicly traded European defense stocks are about to see the mother of all capital inflows. So the best performing stocks for the last quarter of the year are about to be European defense stocks because of these drones that Putin sent into Polish airspace.
Kara Swisher · 1:14:22
Yeah. Wow. I... You... You're going geopolitical investing. That's really good.
Scott Galloway · 1:14:27
There we go.
— Predictions segment ends —
Kara Swisher · 1:14:28
We wanna hear from you. Send us your questions about Bizinetec or whatever's on your mind. Go to nymag.com/pivot to submit a question for the show or call 85551 Elsewhere in the Cara and Scott universe this week, Prophecy Markets, Scott spoke with Justin Wolfer's. I love Justin. Professor of public policy and economics at the University of Michigan. Let's listen to a clip.
Speaker · 1:14:50
That AI is the most interesting technology of my lifetime, and we may be on the cusp of one of the great technological revolutions. I also might be wrong. That's fine too. That debate is arguably the most interesting and most important economic debate, how to regulate AI, what role it'll play in our lives, how to cushion people for its impact, how to turbocharge it so that we get everything we want out of it, may be the most important economic debate of our lifetimes. And instead, we're sitting around talking about tariffs.
Kara Swisher · 1:15:20
Fascinating. Fascinating. You interviewed Russell Crowe. That's great.
Scott Galloway · 1:15:25
I am Maximus. Whatever.
Kara Swisher · 1:15:27
He's coming out with a new movie where he plays, I think, Goring, Herman Goring, during the Nuremberg trials. It looks amazing Wow. With Rami Malek. Oh, it looks so good. 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 · 1:15:44
Today's show was produced by Lara Niem and Zoe Marcus, Taylor Griffin, and Kate Gallagher. Ernie Eretat introduced this episode. Jim Mackle edited the video. Thanks also to Gibralose, Miss Severio, and Dan Chelan. Dushad Khouraz, Vox Media's executive producer of podcast. Make sure to follow Pivot on your favorite podcast platform. Thank you 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 care. Have a great weekend.
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