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— Predictions segment begins —
Kara Swisher · 0:49
Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Kara Swisher.
Scott Galloway · 0:54
And I'm Scott Galloway.
Kara Swisher · 0:55
Scott, happy New Year. Do you miss me? Did you have a good time without me on New Year's?
Scott Galloway · 1:00
You know, it just wasn't the same. It just wasn't the same. I think New Year's is the worst holiday.
Kara Swisher · 1:05
Me too.
Scott Galloway · 1:06
Halloween's the best. Mhmm. So on New Year's, I'd like to I'd like to be able to wear a wig and have women dress up as sluts.
Kara Swisher · 1:12
Mhmm. Mhmm. You can't do that.
Scott Galloway · 1:14
Anyways, make New Year's great again. What did you do?
Kara Swisher · 1:16
They... I'd say it inside. I don't I don't do. I'm not a New Year. I'm not party gal as I've noted to you once again because you don't listen to me. I don't go out. I don't like going out. I like going out.
Scott Galloway · 1:24
Sorry. What did you say?
Kara Swisher · 1:26
Exactly. It's another year for Karen Scott. I just wanna say. This is the most unlikely relationship I've ever had.
Scott Galloway · 1:33
Oh, I don't know. I think we're more alike than you think.
Kara Swisher · 1:35
Really? Okay. We're becoming the
Scott Galloway · 1:37
same person. White people who are Democrats living in a major city. Yeah. We're so different.
Kara Swisher · 1:40
Yeah. We're different. Yeah. Oh
Scott Galloway · 1:42
my god. Cats living with dogs.
Kara Swisher · 1:44
Oh my god. Well, you know, I don't know what to say. I was trying to pay you a compliment. You refused to take it. Happy 2025.
Scott Galloway · 1:51
I just did a podcast with Theo Vaughan. Go on Theo Vaughan's podcast. You wanna feel like you
Kara Swisher · 1:55
He's not invited to.
Scott Galloway · 1:56
You are in a bubble, and you live in a different world. A, he's very likable. B, he's very funny. And c, I just realized, I am not in touch with America.
Kara Swisher · 2:06
Or different parts of America. You're... You listen. They're not in touch with your America either. I I have... I I push back on things like this. I I I went to, the taping of Charlemagne and the Gods show, and I was like, I I don't know anybody. Like, it was, like, different than my world, and then I've gone to a couple of things like that. And then I think they haven't seen my world. There's so many different worlds in this country, which is what makes it great.
Scott Galloway · 2:28
It's a salad, not a soup.
Kara Swisher · 2:30
It's a salad. It's a salad. It's a stew. It's a beautiful stew, and it's delicious. There are lentils and everything in it. Anyway, this is our annual predictions episode where, of course, Scott excels, where we look into our crystal balls and make our best guesses that we think will happen in the coming year. We also get a little help from some friends of Pivot who will give us their best predictions on business, tech, and politics, and we're gonna give some of our own. I just wanna note, you were the most popular TED Talk of 2024, looking back very briefly, and that's... That was full of predictions. That was full of predictions.
Scott Galloway · 3:02
Care. Care, please. Let's move on. I don't I don't like... I'm sorry. What... I don't... I didn't even listen to you say that I was the most popular
Kara Swisher · 3:11
Yes. TED
Scott Galloway · 3:11
talk of 2024.
Kara Swisher · 3:13
Speaking of bubbles
Scott Galloway · 3:14
I don't
Kara Swisher · 3:15
Speaking of elite bubbles.
Scott Galloway · 3:18
I don't want to dwell on this. I think this is essentially like going to the Lincoln Center and being named the whitest person in the world.
Kara Swisher · 3:24
Yeah. I agree. It's like NPR would.
Scott Galloway · 3:27
It is so, like, it's such a mix of NPR meets not quite a legitimate McCarthy Nobel... But but but you're you're basically kinda yelling, screaming at a bunch of 55 year old white people in Vancouver. You are literally translucent.
Kara Swisher · 3:43
Yes. And you make predictions there. You make predictions there. That... I like that speech, actually. You know, a lot of people who went, and they... You are... You were correct on the demographic of that, really thought your speech was the best of that gang. I have to tell you, they did.
Scott Galloway · 3:56
I appreciate that.
Kara Swisher · 3:56
Of course, it was.
Scott Galloway · 3:57
You mean I beat Bill Ackman?
Kara Swisher · 3:59
No. They did not like Bill Ackman. They thought they thought he was an arrogant prick, and I think that's about right. So we were, of course, were making like Scott was in his TED Talk. We make predictions all year. Scott more than I. And for those keeping score at home, some of the things Scott got right. Scott is Mr. Predictions. Reddit's IPO was a huge success, advertising up, stock up, everything else. Nike's CEO found himself out of a job, as did Intel's CEO, something we talked about. And the Apple Vision Pro continues to struggle here. I I was wrong. Whatever. I still
Scott Galloway · 4:33
That was an easy one. That was literally the easiest one of the year.
Kara Swisher · 4:36
John Hsu uses it for wicked, so I'm going to Yeah. Take that victory and
Scott Galloway · 4:41
run that. The easiest one.
Kara Swisher · 4:43
Oh my god. Alright. Alright. I'll note on last year's predictions episode, I correctly predicted that the DOJ would win the Google monopoly case. I thought it was pretty good. And when it comes to predictions we got wrong, there was, of course, the election. Oh, oops.
Scott Galloway · 5:00
Both of us.
Kara Swisher · 5:01
Both of us.
Scott Galloway · 5:02
Wow. I was fairly confident. I wasn't willing to bet a lot of money on it.
Kara Swisher · 5:05
Yeah. No. I wasn't. I wasn't. But it was, yeah. I'm having some lunches with Kamala Harris people, so I'm gonna hear a lot, so I'll let you know, over this next month. So just... Let's leave it at that. We were wrong. And we'll see what 2025 will bring, so we're gonna start talking about that with our predictions episode. To start things off, let's listen to a prediction from our friend, the one and only Don Lemon.
Guest · 5:32
Hello, Kara and Scott. Don Lemon here. My prediction for 2025 is a totally self serving one and selfish, but I believe it to be true. Think it's gonna be a banner year for the Don Lemon show. But I also think it's gonna be a banner year and a banner next four years, as a matter of fact, for independent streamers and podcasters and folks who are in the digital space. I know, as you do, as the ratings are showing, that folks are tired of getting their news from corporate media. They're tired of the influence from there, and they're tired of not hearing it straight in their estimation. I also believe that advertisers who had been reticent or reluctant to advertise around news and politics will have no other choice but to do so. Because when Donald Trump is in office, he dominates every facet of the zeitgeist, whether it's politics, sports, entertainment, and on and on and on. And I think those advertisers will not be so worried about brand safety, and they're going to want to put their money where the eyes and ears are, and that's independent media streamers, podcasters like me and you guys.
Kara Swisher · 6:40
What do you think? I think Don is talking his own book, but I think he's right.
Scott Galloway · 6:44
Yeah. The nuance there I would offer is the following. I find that when people leave traditional media, usually after they've been asked to leave, they start shitposting traditional media. And what I have found is that traditional media still, whether it's Stephanie Ruhl or Neil Cavuto or Anderson Cooper or, you know, name your favorite journalist, I I find them still as fearless as ever and still doing really great work. The difference here and the reason why I think Don's pod and our pod and the, quote, unquote, the creator economy will continue to thrive is a very boring issue. And that is for every 100,000 people or or for every person that works at Pivot, we get approximately 40 or 50,000 downloads. At Fox and CNN, for every person that works there, they get about 8,000 views. When you take out... When the means of production goes from a huge building, billions of dollars of cable in the ground, offices, HR, lawyers.
Kara Swisher · 7:39
Town cars.
Scott Galloway · 7:40
Yeah. It's just the the cost of delivering the news. We can deliver entertaining news for a fraction of the price. And Kara and Scott garner a disproportionate amount of the value created because we... The means production is not standing in between us. Our means of production is computers and some talented... And four or five talented producers. So the capital flows, the human capital flows in the podcasting are gonna be enormous because quite frankly, the the reality is other than maybe a dozen stars in in TV, Kara and Scott are making more money. And that's why you're gonna see just so much talent come into this space because Comcast takes a 97% tax on the revenue you produce on the eleventh hour is 70... Stephanie Rule.
Kara Swisher · 8:29
Yeah. I would agree. She doesn't... She's not getting her value yet.
Scott Galloway · 8:32
Get That's it. We pay dramatically less tax to the means of production, Vox, and distribution. So... And also, you just... The demographics. The average cable viewer is 70. The average podcast listener is 34 and male. Who's more likely to buy your stupid products or vote for your candidate? A 34 year male or a seven year old woman. So the increase in popularity isn't a function, quite frankly, of the quality or of the fearlessness or because traditional mainstream media gets it wrong. No. They don't. They're doing a great job. As a matter of fact, just let's give credit do where it's due. Our show is largely outlined by the work that traditional media is doing
Kara Swisher · 9:09
That is correct.
Scott Galloway · 9:10
And the great reporting they're doing.
Kara Swisher · 9:11
Although we do a lot of interviews. I I... We'd also do reporting, I would say, both of us.
Scott Galloway · 9:15
I agree. And we bring we bring an interesting viewpoint and a chemistry, but we're built on a house of of of fearless reporting from traditional media.
Kara Swisher · 9:23
A 100%. I I love that you went with this thing because I agree with you. I don't like to... I I... You and I insult mainstream media much less than the people who leave, And they all have to because they're angry because, you know, Don's lost his big thing. And by way, Don, your voice is fantastic still. Much better than ours.
Scott Galloway · 9:39
He's got a great voice.
Kara Swisher · 9:40
It's very... It's a handsome voice, isn't it? Don't you think?
Scott Galloway · 9:42
Here's the problem, though. Don's meant for TV because he's good looking. Like, the two of us podcasting is our medium, baby. You're doing TV because with a little bit of makeup and you have good hair, daddy's sticking to podcast.
Kara Swisher · 9:54
Yeah. Well, here... Here's the thing I think that they don't recognize is that there is opportunity for all those people on regular TV because that some of them... Now interestingly, I am the person everyone has to have lunch with when they wanna start a famous TV or NPR or whoever calls Kara Swisher for lunch when they wanna start. And it's really... I'm sure it happens to you. But Mhmm. A lot of them... Some of them, I'm like, I listen to them, and some of the... They're different people. They're very different people, all of them. Some of them, I'm like, yeah. You can do it. I can see it. Right? And some of the people, I'm like, mm-mm. And it's largely based on entrepreneurism, the ability to tolerate risk. And some of them have either been overpaid and used to the town cars and everything else. Some of them have been like that, and are... I think Dawn's really working hard. Katie Couric works really hard. Right? You could see them, you know, just working it every day. Not everything works. And so it's a it's a... It it it depends on who it is. As to advertisers, I do think brand safety is still important. I think nobody wants to go against misinformation and ugliness. I suspect we make more money when things are bigger than us because they're so mean and rageful. That would be my guess if I had to guess. I don't think they're drowning in advertising in some of these some of these sites even if they're bigger. And I don't think... I think advertisers are still wanna be next to brands that are safe... Not safe, but are more... They they want to have good audiences even if it's not as big an audience. That's my feeling. We are speaking of drowning in... All I do is read advertisements, and we just have this big thing about it. Just they're coming all over the place. That is a 100% true, and I think we're gonna see a big boom. Anyway, let's get to the next one. Next up, here's a prediction from friend of Pivot and founding partner, Puck News, and I I texted with him last night, very late into the night. Bill Cohen. Let's listen.
Guest · 11:42
What you're gonna see, probably in the first half of twenty twenty five is, a bunch of, the Hollywood, media behemoths, Comcast, Warner Brothers Discovery, Paramount Global, Disney begin to shed their linear TV assets either by spinning them off or doing deals with private equity firms. The EBITDA is continuing to shrink. And private equity firms like Blackstone or Apollo or KKR or TPG are going to invest in these assets, these spun off companies, and use them as ways to acquire and conglomerate and consolidate the rest of the so called failing linear TV assets. And I think you're gonna see that in the first half of the year, regardless of who Donald Trump puts in as the administrators of the Federal Trade Commission or people who oversee in the Justice Department mergers and acquisitions. On to 2025. Thank you.
Kara Swisher · 12:53
I mean, Bills... I mean, we talked about this, Scott. I mean, I think it's it's green light for mergers and a roll up of not just not just these TV assets is a great idea. Roll ups are are often very good ideas in in industrialization, as I think, Barry Dillard told us when we talked to him. This idea of rolling up is a great idea. This stuff throws off so much cash, and even if they're failing and EBIT is shrinking, it's it's a great idea. And these these private equity firms will do a great job of that, and others too. I think it's not gonna just be private equity firms. Thoughts?
Scott Galloway · 13:27
Yeah. Comcast has already started. It goes back to what we were saying before. The means of production is expensive. The CFO, the building, HR, marketing, all those people. But I think I told you this. One of the best investments I ever made was I I invested with a a friend of mine, a guy named Jason Mudrick, who runs a distressed debt company, and he brought a Yellow Pages company out of bankruptcy. And it was a pretty simple playbook. We went to another Yellow Pages company that was struggling, and we said, we're gonna acquire you, and you can pick these things up inexpensively because they're melting ice cubes. And then quite frankly, you keep the best salespeople, and you lay off everyone else. And I know that sounds harsh, but that's capitalism. And you now have... And they're gonna do the same thing here. They're gonna acquire all of these front end assets, keep the best people, keep the front end programming, and they will be able to generate, you know, the 3 or 400,000,000 in top line revenues and a 100,000,000 in EBITDA, but they'll be able to do it at a 140,000,000 of EBITDA because they'll be able to strip out a bunch of costs by having one means of production, one infrastructure. And they'll just go player by player by player and roll these things up. This is this is a classic kind of private equity player, a distressed debt play, although their debt is in distressed. And there are a ton of players ranging from Time Warner to Disney that are gonna be happy to say, here, take this asset. I'll take cash and stock, and it'll unlock value in my resident company because now I can just talk about Disney plus and the parks, which is a much cleaner, better story.
Kara Swisher · 15:02
And, also, it's better for these companies to be smart. I know they're all worried wherever they are, n b... CNBC or MSNBC. You get to be good. You get to, like, focus. They're not gonna necessarily cut their way. Like, they're not gonna, like, just bleed the assets.
Scott Galloway · 15:15
Yeah. They might reinvest.
Kara Swisher · 15:16
I think I think they're not gonna bleed the assets, and it's actually an opportune... Every time I think of one of these, I'm like, what would I do with that? Right? You know? Like, instead of just, you know, talking them down like a lot of stupid media reporters do, and I'm thinking of a couple in mind, I'm like, what could I do with that? That could be interesting. And and I think it's not gonna be just these these private equities that are very good at it. There's gonna be some really, I think, very interesting people looking at all kinds of things. I I I I can't believe I'm paying this compliment, but Ben Shapiro's company, $200,000,000 in revenue, apparently, that they did an interview. That's great. And then what could he buy? Right? What could he consolidate? There's all kinds of things like that that are are... And and there'll be players who don't seem like they could consolidate.
Scott Galloway · 16:01
The Daily Wire is 200,000,000?
Kara Swisher · 16:02
Yeah. Apparently. The whole group
Scott Galloway · 16:03
Why wouldn't they merge with Vox?
Kara Swisher · 16:04
Nope. They're gonna merge with Vox? What are you talking about? Why don't they?
Scott Galloway · 16:07
Why wouldn't they merge with Vox?
Kara Swisher · 16:09
I don't know. I'm just saying that's the kind of stuff you're gonna see. I think those companies are also in a position to do things and to get investments and create these new roles. So it's gonna not just be these private equity people. I think it's gonna be, like... I literally think they're like, should I buy that? Could I buy that? Not... And it's not could I buy that? It's should I buy that? And there's ways to do it now. So, anyway, it's just an interesting time. And, of course, you know, the the the green light is on for mergers all over the place, so we'll see that. Okay, Scott. Now we have a prediction on tariffs. Let's hear it. Hi, Karen Scott. I'm Kyla Scanlon, economic commentator and author of In This Economy, and my prediction for 2025 is that we might see an unexpected twist in Fed policy due to some price pressures from tariffs, and I think we might learn a hard lesson about what those broad based tariffs really mean.
Scott Galloway · 17:01
So I asked us to contact Kyla. I'm trying to do a better job of... You know, you you promote and evangelize your friends and the people you know, and I realized I wanna do a better job of bringing more sunshine to younger people. Yeah. And she's this analyst who started just creating content about the economy on TikTok. And I just found found her so insightful. Have her as a regular guest on Prop G.
Kara Swisher · 17:23
Fantastic.
Scott Galloway · 17:24
But she basically correctly says, look, tariffs are nothing but taxes. And that we've been here before, and you're gonna see... I mean, this to me, and then I'll I'll piggyback off her. These tariffs go away or have serious serious pushback the first month that inflation looks to be spiking again.
Kara Swisher · 17:44
Okay. Alright. And anything with the Fed? What what do you think when you you should reference in the Fed? What what do you think about that?
Scott Galloway · 17:50
I don't know. I think I think the Fed is kind of... I think the Fed was hoping and investors were hoping to go into a rate cutting cycle. And because inflation is is said... Kind of gone a little bit Glenn Close and said, no. I'm not going anywhere.
Kara Swisher · 18:03
Remember that? That was such a good movie. I like
Scott Galloway · 18:06
I will not be ignored.
Kara Swisher · 18:07
I will not be ignored.
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Scott Galloway · 18:11
I think all of a sudden, it's not entirely sure that we've beaten inflation. All of a sudden, everyone's like, okay. Did we really put a stake through the heart of this thing, or is it just resting and waiting to strike again? So
Kara Swisher · 18:22
Once the tariffs are in place. So this unexpected twist would be rise in the in the, interest rate.
Scott Galloway · 18:26
Well, yeah, that all of a sudden one, we have inflation creeps back, and the Fed all of a sudden starts to again begin making noises about, a, not only not cutting rates, I can't imagine they would raise rates, but the economy the economy is growing stronger than people had originally anticipated, and inflation is improving as well coming down. There's been... It it popped last month again, and everyone is very scared. Everyone's like, we are not going back there.
Kara Swisher · 18:53
Thank you for bringing Kylo, by the way. Alright, Scott. Let's go on a quick break. When we come back, we'll hear from some more friends at Pivot and make our own predictions.
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Kara Swisher · 20:33
Okay, Scott. Now we have a prediction from your good friend, Ian Bremmer, on foreign policy. Let's play it.
Guest · 20:42
Hi, Kara and Scott. It's Ian Bremmer, president of Eurasia Group. And my prediction for 2025 is that president-elect Trump is going to have more foreign policy successes than people think. A few reasons for it compared to 2017. First, more leaders are aligned with him ideologically, a number in Europe, soon to be Canada once Trudeau is out, Japan, South Korea, Argentina, Israel, Gulf States, and more. Second, more loyalty and a more consolidated group among Trump administration appointees this time around means that countries are going to have a lot less success going around him and talking to the so called Republican adults as they did last time. Third, The US is asymmetrically a lot more powerful than its allies compared to Trump's first term. True in the economy, true in energy production, true in technology, and so it's easier for Trump to get what he wants from these countries. And finally, the stakes, the geopolitical stakes, given the level of instability, the wars going on, the challenges with the global economy are higher in other countries getting Trump wrong. And so, I mean, for all of us that have been watching Republicans falling in line behind Trump, I think we're gonna see a lot more of this than you might expect on the international front in 2025.
Kara Swisher · 22:06
That's interesting. Yeah. I I would tend to agree with him. I think he's in a stronger position in that regard. That said, you never know what crazy thing's gonna come out of his mouth. He... You know, it's like he he puts someone good in place and then Peter Navarro or someone good in place and Kash Patel. So he... You never know what he's gonna do. And I... You know, Jeff Bezos had been saying he was calmer. I think it's just he's older and slower. I guess that would be a good thing. So I I don't know. I think it's probably probably a pretty decent prediction. Thoughts?
Scott Galloway · 22:36
Yeah. And and a lot of it is because he's been given a really strong hand. He comes in as any president does with a hand that's sort of already been dealt. And if you look at... Alright. China's economy is a bit of a mess. You know, it appears to be... Have bottomed out, but it doesn't have nearly... You know, by now... But they were predicting by 2030, China was gonna have a bigger economy than The US. That that... That's just nowhere near sight now. No one is even saying that China is gonna be a bigger economy than The United States. Our adversary, Russia, is bogged down in a war. Our ally in The Middle East, Israel, has punched back and basically cut the hands off the proxies of Iran. Mean, I The US, in terms of economic power, we have... We're gonna be responsible for probably two thirds plus of the gross domestic product growth next year. I mean, our economy... There's a 190 countries. A 189 would trade places with us. Every kind of adversary is a little bit on its heels. So he's... Quite frankly, he's been dealt a pretty good hand if he wants to if he wants to kinda go on offense around some some issues. He's just playing with it. 58% of the the world's global currency reserves are the US dollar right now. Our tech is stronger than ever. Our military is stronger than ever. Like, what... Like, who who, relative comparatively, is in a stronger position than The US right now? He's got a good hand.
Kara Swisher · 23:58
Yeah. He's got a good hand. Yeah. I think I think Ian's right. I think the issue is, one, what crazy thing is gonna happen that we don't know about? That's always the thing. Like, right? Did we think this? Did we think October 7 was gonna happen? Did we think this? The pandemic. So there's always this exogenous circumstance that might happen. Right? So I don't know how he's gonna react. I do think he... The problem Trump faces without those adults around is that he has a lot of yes men, and I always think that's a problem in tech companies, in companies. If he has everyone agreeing with him, that's a problem for him and others because largely, he's, you know, just not sophisticated. Like, he had to be told that there were two Koreas last time around. I guess he knows that now, and he's a quick learner. That's for sure. And I do think his age is something that we're not factoring into this. I think there's... You already saw some declines on the campaign trail. The pressure of the presidency is enormous. I think he'll have a Biden y kind of problem because, of his age. I think his age has not been factored in here in a way that needs to be.
Scott Galloway · 24:59
Yeah. But to Biden's credit, I mean, first off, I wanna collect all the emails I got from democratic operatives, including some of our friends, berating me for suggesting that Biden was too old to run for president.
Kara Swisher · 25:11
I remember.
Scott Galloway · 25:12
And... But Biden, to his credit, I think he knew what he didn't know, and he appointed really smart people. And so even when the president didn't have the strongest voice in the room or the ability to command the room the way maybe a Bill Clinton might have or or who are the smartest presidents, maybe maybe... I don't know. Who would... Who had the clearest blue flame thinkers? Anyways, I'm not gonna go there. We'll bring on Michael Bechsloss or Doris Kearns Goodwin. He he deferred to people. So what you gotta hope with someone like Trump, I almost think it'd be good for the country if he has some powerful people who are knowledgeable and smart.
Kara Swisher · 25:50
Rubio, secretary of state. Right?
Scott Galloway · 25:52
I think senator Rubio is a good pick. And, hopefully, he'll immediately establish the credibility with Trump. And, And, hopefully, Trump will decide, you know, I'm just I'm just gonna go play golf this weekend, and I'll let the secretary of state handle this.
Kara Swisher · 26:05
But then you have Tulsi Gabbard. Right? You have, like, you know, you just have to... Like, this is the problem. There are some real whack jobs in there who are also... Who have their own agendas. I'll say this last thing on the age thing with Trump. I just saw a picture of Biden right before he took office and now, and the difference is so drastic. I was like, oh, look at that handsome, vibrant man. Right? I I just think age is... We cannot count out age in this situation with him. I think he is probably calmer because he's older, and he doesn't follow as quickly. I just... I think we're gonna be talking about that. That was gonna be part of my prediction. But, anyway, we'll see.
Scott Galloway · 26:42
The decline is not the decline is not linear. I mean, we said it, we were accused of being ageist. Mhmm. It was ridiculous towards the end. Anyway
Kara Swisher · 26:49
Yeah. Yeah. I agree, and I think Trump's gonna suffer from the same problem because that job is one hard I don't care how much golf he plays. It's still hard. Okay, Scott. Next up is a prediction from tech reporter Zoe Schiffer on Elon Musk. Let's listen.
Guest · 27:06
Hey, Karen, Scott. This is Zoe Schiffer from Wired's Uncanny Valley. I think in 2025, we're gonna see Elon Musk deploy his political playbook around the globe to support his political interests and Tesla and Starling's financial interests, which maybe isn't a prediction so much as an observation. Bye.
Kara Swisher · 27:24
Yeah. I think so. I mean, come on. He's gonna do... This is something Mark Cuban said when he bought Twitter. It's not about Twitter. He's gonna lose all kinds of money. It's gonna help him politically and for his bit... Especially for his businesses. I think he's gonna not just involve himself in political activity abroad, which he already does. I think he's gonna do much more of that because he's been emboldened. But locally in The United States, I think he's gonna... You know, I think probably Trump says, you don't follow along. My friend Elon Musk here has got a big gun. And just, you know, listen. Here's my here's my body man, Elon Musk, my best friend. He's gonna deploy all kinds of money against you. So as long as he's interested, the one thing I do disagree with, Zoe, is I think Elon is gonna lose interest. I think this is gonna bore the shit out of him. You saw it. I I know it sounds dumb, but if you watch that Thanksgiving video from Trump, I could see him thinking, oh, what the fuck am I doing here? Like, I don't know why there was a thing that flashed across his face from the old Elon Musk, that I thought, oh, he's really... This is boring him. This is uninteresting to him. So it would be nice if he got back to, like, working on Starlink and SpaceX and things that are more that he has better contributions to. So I don't know. I don't know. We'll see.
Scott Galloway · 28:36
Both you and Zuerai, that feels right to me. The the the kind of disappointing thing in all of this is that it's become... And people would argue that Democrats operate a different type of kleptocracy where we have lobbyists who go, you know, help senators say... Maintain their seat or their incumbency, and there's regulatory capture, see above. We pay double for health care with worse outcomes. It's become so naked and so brazen here that it really is a kleptocracy. And I'm just so uncomfortable with... I mean, you predicted this, and I I didn't wanna acknowledge it, but I think you got it right. I think Elon Musk played a pretty big role in Trump's Trump's election. And as a result, Musk has already increased his net worth by 50 or $100,000,000,000. There's just something sort of uncomfortable that really augurs a more thoughtful conversation around campaign finance where the wealthiest people in the world double down on a candidate. And as a result, their company gets advantage or gets the largest customer in the world and the most powerful company from a regulatory standpoint, the US government, which it comes at a cost. It is a zero sum game at that point. And the other folks that either stayed out of the race and didn't want to support a candidate or supported the other candidate lose. And there was always meant to be a bit of a separation between not only church and state, but between our government and the private sector. And this is a step towards a constantly cry socialism or communism. The thing... The the key attribute about socialism and communism and a kleptocracy is that the government starts influencing the means of production. And that's what's happening here. That, okay, if you give me a $150,000,000 and weaponize your media to get me elected and flout election... Campaign election rules, the market sense is, oh, SpaceX and Tesla are about to get a bunch of unearned business and contracts. That is not how capitalism is supposed to work. The the point of a government is to create rule of fair play that creates full body contact violence through competition, and then the best company wins.
Kara Swisher · 30:46
Agreed. Agreed. I do think this has been going on forever, and it's just explicit rather than implicit now. Yeah. You know?
Scott Galloway · 30:52
That's right.
Kara Swisher · 30:52
But it's only one person, and it's his interests. And therefore, no matter how you slice it, it's not gonna be in... He's just not gonna have every good idea. He's he's just not a genius you think he is. He's a very smart man. He's done amazing things. Blah blah blah. But let me say, one person influencing things is always, always a problem. I don't care how smart he is. Right? And I think he's... I I just sense he's gonna get bored. It's boring. It is boring. This is boring. This is horse trading, and he's and he's more... I... I'm gonna pay him a compliment. He's more interesting than that. And so, you know, a lot of people I've talked to who know him well is like, he could do such good, and he's doing such weird bad. Like... And this is the... He is living... He talks about the deep state and everything else. He is he is completely putting it into place in a way that he used to decry, this idea. I mean, I remember when he called me, when he won that first SpaceX contract, he was thrilled because Lockheed and the rest and Boeing had it locked up in this very corrupt way. And he's like, finally, we're gonna see some innovation. And I was actually happy for myself as a citizen and also for him. And now he's that. He's become the person he had decried. And, of course, that's, you know, it's his tale as old as time. So we'll see. And we'll see how he gets along with Trump. I think he's done a pretty good job doing it because he's he's acquiesced and baited himself, but I'm not sure he can baited himself forever. We'll see. Maybe it amuses him. Maybe he needs family. I don't know. That weird dysfunctional Trump family is a family, whether you like them or not. I don't know. Anyway, we'll see. Okay, Scott. Last but never least, a prediction from the mooch himself, Anthony Scaramucci.
Guest · 32:39
Okay. Two incredibly zany predictions for 2025. The first one is a business one, and that is that IBM is going to have a incredible year and start to render a AI sort of multiple. So remember they discovered Watson, the AI, the original AI, if you will, and they are gonna catch fire with AI. On the political front, this is gonna be a shocker, but Donald Trump is going to create a path to NATO membership for the Ukraine.
Kara Swisher · 33:14
Those are kinda cool. I like the mooch, Anthony Scaramucci.
Scott Galloway · 33:17
He sounds like he's in the closet, and his wife's asleep.
Kara Swisher · 33:20
I know. I don't know what he was doing. I was like, are you being pursued by mobsters? It's like,
Scott Galloway · 33:25
The call is coming from inside of the house. Jesus, Anthony.
Kara Swisher · 33:30
I know. The mooch.
Scott Galloway · 33:31
Is that a baby or something? Is he babysitting
Kara Swisher · 33:33
a baby? No. No. No. Was like, no. Don't wait. Wait. Wait.
Scott Galloway · 33:36
Karen Scott. You
Kara Swisher · 33:39
know? Don... I don't wanna say anything nice about Don Corleone, but here it is.
Scott Galloway · 33:43
The mooch is having a moment. He's he's literally the... He's the best media guest.
Kara Swisher · 33:47
He's having... With the Bitcoin?
Scott Galloway · 33:49
Oh, is he big in
Kara Swisher · 33:50
He's big in Bitcoin. He is. He is. He was pushing it.
Scott Galloway · 33:53
Having a moment.
Kara Swisher · 33:54
I like that mood. She's good. I like that mood.
Scott Galloway · 33:56
She's a beautiful guy. Also, he has a really surprising command of history,
Kara Swisher · 33:59
which He's a literally, I just was with him, and I, like, heard, like, so much history and quotes, and he quote, like like, Socrates, like, a paragraph of Socrates at me without notes. I was sort of amazed. Like... And there were six of those. Like, I don't know. Erasmus. I was like, Erasmus? Where'd you get that one? Okay. First one, IBM. I thought this was interesting, and and and, you know, Salesforce is also killing it because of that. They're riding atop the waves, but talk... Take on IBM first.
Scott Galloway · 34:26
I gotta be honest. When he said it, it just struck me as really interesting, and it made me wanna go buy IBM stock because IBM trades
Kara Swisher · 34:32
at Agree.
Scott Galloway · 34:33
It trades at a p of about 33. IBM hires really talented kids. I've always thought if I... I mean, I always have ideas for a fund as opposed to just doing what I'm supposed to do and then just put it in index funds. But one of the funds I thought about doing is you can... You get a sense for... Like, the companies that attract the best human talent out of my class generally are doing really well. Amazon, at one point, was giving offers to 20% of my class for summer internships, and they were all taking them. And then they're all such little... You know, they they they love self angst, so they come to my office and, I got an offer from Amazon, but I'd like to start my own company. I'm like, shut the fuck up. You're going to Amazon. Or they come in and say, I got a... I got an offer with JPMorgan, but First National in Minneapolis, it's my hometown, and they're so sweet. I'm like, who the fuck are you kidding? You're going to JPMorgan. Stop the ham ringing.
Kara Swisher · 35:22
Oh, gosh. You're a good daddy. Well,
Scott Galloway · 35:26
it's like these kids like to create this angst that's like, I know where you're going. Stop wasting my time. Anyway Let
Kara Swisher · 35:33
me just say, you were very nice to my son who paid you a compliment. No.
Scott Galloway · 35:36
Thank
Kara Swisher · 35:36
you. Listens to Scott and not his mother, but go ahead.
Scott Galloway · 35:40
So by the way, there's a lesson in that, and that is if your son is not listening to you, even if you're a dad, find a friend to talk to him. Kids are more likely to listen to their father's friends sometimes than their father. That's actually an unlock. And don't be don't be upset about it. It's natural. Anyway
Kara Swisher · 35:56
Back to IBM and then Ukraine.
Scott Galloway · 35:58
Sorry. IBM. IBM's got a p of 33. If you got any sort of that AI zhuzh or pixie dust, this stock could double or triple. And it's a well run company. The new guy... The mooch is saying it has assets. It has IP around relationships. It has compute... I mean, it's not a bad flyer. I was thinking about taking a little bit of money and buying IBM stock. But I love I love the out of favor stuff.
Kara Swisher · 36:24
It's Arvind Krishna. Arvind Krishna is the is the thing. And I would agree with you. I think they're... You know, I am thinking of Salesforce, which doesn't have to, like, invest $50,000,000,000. They're they're putting... They're they're they're taking the money that Google and the rest are spending on this, and they're riding on the rails and and and putting them into place. I... That... That's seen a surge itself.
Scott Galloway · 36:44
Stock's up 50% in the last year. I mean, it's doing pretty well, but still, if it gets any of that AI veneer boom.
Kara Swisher · 36:51
And in this case, it's not veneer. It's real. So, that is true. I think that's a good one. Ukraine? Donald Trump would be the one. It's like Nixon in China. That's what it feels like maybe. He'll do some stupid deal where he'll give away everything to Russia, either way, because he does those.
Scott Galloway · 37:07
I I mean, I I would like to hear his thought process there because the Russia sympathizers say that the reason Russia invaded is because of the threat of Ukraine going into NATO. I don't I don't know what he would have That seems... I I I don't feel... I feel like I'm in over my... Out over my skis here. I don't know how to evaluate that. It doesn't sound likely to me, though.
Kara Swisher · 37:31
No. I think he's either gonna do some... I mean, you know, this is something that Zelenskyy's been talking about. If you let let us into NATO, we'll we'll peace we'll peace deal. That's one of the things. So I don't know. I feel like probably that conflict will have to end. It doesn't make any freaking sense anymore. It's... Everyone's gotta give, and they fought it to a stalemate, essentially. Yeah. One of world now. Here. Yeah. Especially under Donald Trump. Although Donald Trump's gonna be like, Russia don't invade anymore because you look... Make me look bad. I think he's a terrible dealmaker most of time. He gives away the house. That's what people tell me. And I think he'll probably give away the house to get something like this. But it wouldn't... He would... I think this... Here's what I do think speaking of old Donald Trump. I think he wants to win the Nobel Prize prize more than anything, and he he craves status. He craves acceptability by the elites he so decries. He does not like his base. He likes the... He likes people like us, and he would like to get the Nobel Prize. He's talked about it. And if if if he could do a couple of things, he he might in fact get it. So there you have it, I think. I don't know. I think Segundo.
Scott Galloway · 38:32
Nobel Nobel Peace Prize.
Kara Swisher · 38:34
I'm telling you.
Scott Galloway · 38:35
The Medal of Freedom. The thing that all these people really desire is the premier accolade in western civilization, and that is to be the number one TED Talk at 2024. Challenge, ladies. Whitest man in
[Ad break]
Kara Swisher · 38:49
Man alive. Yeah. Okay. Alright. Okay. Nice for you. Okay. Anyway, I think Trump is gonna... Wants that so badly. Though he said it so many times, and it makes him mad. And he... He's like a kid looking into the window of the house he never gets into. He wants in that house. I think he's gonna try to get in that house again because he can't get away from it because he's an outsider who wants to be in. That's my prediction on him. Alright, Scott. One more quick break. We'll make some predictions of our own for 2025, and then we're out.
[Ad break]
Kara Swisher · 41:15
Okay, Scott. Now it's time for our predictions. I'm gonna do mine first because they're they're faster than yours, and yours gonna... You know? I... I'm gonna stick with what I talked about before. I think, Donald Trump's ages might become an issue in the next two years. I think the presidency is an incredibly difficult thing. And even though I don't agree with Jeff Bezos because I think he's an opportunistic person who's just quite not rich enough as the second or third richest man in the world, I do think it might be calmer be... And it's largely not because he's become wiser because he's not he's not wise in any way. He's not a good person. He's a serial sexual harasser at the very least and and other things. You know, sexual... He's been convicted of that. I think he's a terrible person. I think his age is going to calm him down. I don't know how else to put it, either through natural, what happens when you get older, and the and the difficulties of this. So you may see a calmer Donald Trump. I just... You may see it, and it's not because he's a good person or he's turning the tide or anything else. He also is probably looking at his legacy now, and he's a lame duck president. No matter how you slice it, he's a lame duck president. And, again, people around him are aware of it. I've heard it from so many people in his party. We only need him for a couple more years. They've said it. And then we'll make him into an icon. We'll do some statues. All good. And so I think it's gonna maybe a little surprising, and it's not, again, not because he's a good person. As to my other prediction, I do think there's gonna be a lot more, as Scaramucci noted, there's gonna be a lot more advantage to companies in AI that you aren't thinking of, like IBM, Salesforce, a lot of the others that are gonna ride on the rails of the enormous spending that, whether it's $30,000,000,000 from from Meta, whether it's 50 to 50 to 80,000,000,000 from Microsoft, or all of them are spending. I think those who ride the rails on these things are gonna be the beneficiaries that put them into place, whether you're Salesforce helping Disney with slides, see, that's one of their clients, or, IBM, or things like that. So I would look to those companies in a lot of ways who are gonna be the real beneficiaries. It reminds me of the early Internet. It was not the companies that put up the websites like NextScape. It was the companies that rode the rails. And these rails are being put in place not by our government, but by companies, and they're getting paid for, whether it's energy costs, everything else. So I would look to those companies in 2025. I think the AI revolution is just getting started, and it will start to really... It reminds me of early, early Internet and who's... Who began and who succeeded were two very different parties. On to you, Scott Galloway.
Scott Galloway · 43:51
I like those. So... Okay. So briefly, 2025 will be the year of a new duopoly. It'll be OpenVideo. OpenAI and NVIDIA right now control arguably 90% of all traffic in AI, 90% of the queries, 90% of the queries of the processors that are powering those. Answers to those queries are those two firms. And so it'll be kind of the new wind tell, and people start referring it to it as the most powerful duopoly in the world. Where we haven't seen I think we're going see a bunch of raft of new unicorns in the application layer of AI. We have the infrastructure layer. We have the LLMs themselves. But every innovation or new technology creates a bunch of interesting consumer applications. I think you're gonna see a raft of new unicorns in health care where you upload your medical records, your diet, and it starts playing offense and come back... Comes back to you with exact... I told you I'm... For the first time, I was diagnosed with high blood pressure two and a half months ago. I went into AI. I uploaded my urine, my blood work, my fecal work. I talked very openly about my diet, and it came back with a series of recommendations. And I took them to heart, and I no longer have high blood pressure. And I think that's gonna be systemized, routinized, and create a bunch of interesting applications around fitness, health care, especially I think around travel, there's huge opportunity. Look at all. I upload all of my credit card bills, all my past travel, my calendar, and it starts proactively saying, Scott, we see that you're gonna be in LA for this meeting. We're gonna book you here. You should do this. You should go see your dad. You should do this. I've already organized the flights.
Kara Swisher · 45:23
Wait. Who... What do you upload it to? OpenAI?
Scott Galloway · 45:25
Well, so for example, I I took my MRIs on my shoulders, and I uploaded it to OpenAI. And I said, please diagnose this and tell me what I should be doing, what stretching I should be doing. And it comes back with a whole list of things. I mean, you can you can upload a board deck. I'll give you an example, Kara. We... You know, we're out in the marketplace potentially thinking about our next four years. I uploaded our deck that we put together on summarizing our business. And I said... I basically said, what is the likely deal we will get, and what should we be thinking about? I mean, this shit is so powerful. And instead of having smart people prompt, people are gonna build a thin layer of innovation.
Kara Swisher · 46:05
Oh, yeah. We would call someone in that case. And it's like calling calling your smart friend. Yeah. Interesting.
Scott Galloway · 46:09
Or... But it'll be proactive. It'll say, okay. Here's the new travel... You know, AI enabled travel, and Expedia is going very hard at this. And I just say... It just starts sending me text alerts saying, oh, we see you have this coming up. This is this is your travel itinerary and what we're thinking. Here are the decisions I need from you.
Kara Swisher · 46:26
You know, you just said Expedia. Think they're a ride the rails company too. They're gonna benefit. But, anyway, they don't to pay
Scott Galloway · 46:32
for it.
Kara Swisher · 46:33
Ride the rails.
Scott Galloway · 46:34
Yeah. I think so. So, anyways, software... Basically, SaaS goes from software as a service to services to software. That's where I kinda see my prediction for AI. Podcasts, this is gonna be the the breakout year of podcast because this election just illuminated what is going to be an enormous transfer of capital from the political spending machine, and that is they used to spend a ton of money on local broadcast TV stations because those were voters, old people were. And what they realized is where you go for voters is podcasts. And if you can go on one podcast and get the equivalent listenership of going on CNN, MSNBC, or Fox every night during primetime for three hours for a week by going on one podcast, you're just gonna see in the amount of capital it's drawing, the means of production are less expensive. So creators make more money, which is drawing in more human capital. 47% of people have listened to a podcast in the last thirty days versus less than ten percent fifteen years ago. I mean, the medium is just... The medium is gonna boom. And, Kara, I don't know. I'm sure you're getting the same calls. I have all of these political candidates reaching out to me asking me for their... For my views on things, which means I am running for something, and I wanna come on your podcast.
Kara Swisher · 47:46
I have had four US senators write me, both republ... Recently text me this week. It was crazy. Yeah. Can I come on your podcast? And and several governors several governors.
Scott Galloway · 47:56
I say that I'm... You're you're ambitious, and you're running for something. That's fine for me. Yeah. A 100%. But don't don't pretend you wanna talk to me about policy. Anyways, this and podcast revenue in 2025 is gonna grow faster, granted off a small base, than Meta or Alphabet or Amazon. It's gonna be up 20 plus percent. The CPMs, it... It's a better consumer. It's a 34 year old versus a seven year old. It's much more impactful because we do host readovers. People go to cable news to sanctify their beliefs. People go to people go to podcasts to learn. And, also, there's a vibe about podcasts where we try and present people in their best light, and it's quite frankly, it's just a little bit more pleasant. So IPO of the year, I think it's gonna be... And it's gonna be an interesting one because it's probably gonna have a London exchange. Shein, these asset light models... And disclosure, I'm an investor. But if you look at Airbnb versus Marriott, it needs a third of the employees for the same revenue. If you look at Zara, they're doing about 400,000 per employees, whereas Shein said 2,000,000 per employee. If you look at Uber versus the car manufacturers, these asset light, all IP intensive versus CapEx intensive companies, Xi'an doesn't own a single truck, factory, warehouse, store. It's all software driven. And this year, it's bigger than Amazon retail in apparel. And next year, it's gonna pass Walmart to be the biggest apparel retailer in the world, and it's going public on the London exchange. I think for a lot of reasons, that's gonna quote unquote be the IPO of the year. I think the technology of the year is nuclear. You just saw Facebook basically put out an RFP saying build us a nuclear power plant. The friction in AI is energy. It requires 10 times the energy, and people have realized that it's one of the safest, most productive, most reliable sources of energy. It's just been terribly branded the last twenty or thirty years, but some of the biggest brains have turned their massive capital fire hoses on nuclear. 2025 is gonna be the year nuclear. That'll be the technology of the year. And the substance of the year is testosterone, and that is this election was supposed to be a referendum on women's rights. It wasn't. It was a referendum on how poorly young people are doing, specifically young males. And I think we're having a more honest and open conversation around the attributes around masculinity and the struggles of young men. I think that's come to the fore, and Trump going... Flying into the manosphere was a direct... One of the, you know, one of the fundamental reasons he was able to win the election. I think if you look at the if you look at the election who swung most violently away from blue to red, it was people under the age 30 and women 45 to 64 who I speculate are their mothers. I think I think mothers and young people are really hit hard by young people not doing as well, and they just don't have the luxury of thinking about some of the other social issues when their kids aren't doing well.
Kara Swisher · 50:50
So once again, the penis. Once again, the penis.
Scott Galloway · 50:54
Well, I... What what I would argue is I think people are coming to the conclusion that women will not continue to flourish nor will the country flourish if men flounder.
Kara Swisher · 51:02
Young ask you something about that? Sure. Because I was just... When you talk about that, and I get that. I completely agree with you. But here we are again scared of a group of people. It's not as if if they don't flourish, we should bring their... Like, with women, it's like, let's bring their talent up because there's some more some more talent. We're not scared of them. If men don't flourish, we all get hurt. If women don't flourish, we all don't get hurt. Right? Like, it's really always like we have to keep this this boiling pot from boiling over. And sometimes it's really irritating, I have to say. I get it, but I'm also like, nobody else gets this much attention for their destruction. That's that's my feeling anyway.
Scott Galloway · 51:41
Well, I would I would agree and disagree, and that is to say that we better treat them well or they're gonna show up and start shooting up our schools. That's just repackaged violence. It also pathologizes young men. The majority of young men who are struggling are not gonna pick up an assault rifle.
Kara Swisher · 51:56
I get it.
Scott Galloway · 51:56
And they're more inclined to harm themselves. I would argue that we recognize that women in the workforce, women having equal rights was a priority and really good for everybody, and we've made extraordinary strides around that. And as a result, no group has ascended faster, farther, than women globally. Twice as many, are seeking to... More women are seeking tertiary education around the world than men. And when you look at the fact a lot of countries, specifically Muslim countries, discourage women from going to church school, that's extraordinary. More women... Twice as many women have been elected to some form of parliament globally just in the last thirty years. In The US, under the age of 30 are making more money. More single women own single homes. And I wanna be clear. This is a collective victory. We should do nothing to get in the way of this.
Kara Swisher · 52:41
Also, it's getting them to equality, not getting them... You know, they hadn't had that for centuries.
Scott Galloway · 52:46
Right? This progress, all I have to say around this, is right on sister. Right. But we should also acknowledge that empathy is not a zero sum game. And and and my view has always been the following. You know who wants more economically and emotionally viable men? Women.
Kara Swisher · 53:00
I
Scott Galloway · 53:00
know. We need... Our young people need to thrive. And both young men and young women have seen a transfer of wealth out of their pockets to older people, and it has been especially hard on young men whose role was largely seen as an economic provider. And because a lot of their enroutes, on ramps into the middle class have been shut down, young men just feel as if they have no identity.
Kara Swisher · 53:18
I think you you pegged this very early, Scott, and I agree with you. I just think we pivot around that fucking penis all the time. Like
Scott Galloway · 53:25
Yeah. But we I... But see, I would I would argue that we've been there for women, and we should have a collective... And we need to still acknowledge that women still face huge issues. But, again, empathy is not a zero sum game. And I I will acknowledge that we shouldn't... We should stop this narrative of you better treat men better or they're gonna shoot up the school. That's just repackaged violence.
Kara Swisher · 53:46
Yeah. Yeah. Yeah. And or rapists and or blank and or
Scott Galloway · 53:50
And you know who's leading this conversation? You are specifically mothers. Yes. I've been barking about this for five years, and immediately people call me a misogynist. And you know who I'm hearing from and who's leading this conversation is the same people who got who got alcohol limits rates at 21, and that is mothers. Mothers see what is going on here. They're like, my son is really struggling. If you go into a morgue and you find five people who've died by suicide, four are men.
Kara Swisher · 54:16
Yeah. Let me say, you have done wonders for my kids, and I think because of the the better example say. You have. My sons, my older sons. Good luck with Saul, I'll say. You're you're gonna have the work cut out for you. But I have to say a good male role model is critically important, and I I I pay you that compliment because I think it is. I was... I loved getting messages from Alex about how much you've affected him. Right?
Scott Galloway · 54:40
Thank you for saying that.
Kara Swisher · 54:41
And so... But I do think... I just think we have to not get out of the idea that if we don't fix them, they're gonna kill us. That's
Scott Galloway · 54:49
That's not that's not productive conversation.
Kara Swisher · 54:51
It's not, but it... It's a feeling.
Scott Galloway · 54:52
And the reality is that they kill themselves.
Kara Swisher · 54:54
You you do get a feeling around when you have the Pete Hagst sis, all these violent men. Like, we have to, like, calm them down. Like, I'd like them to just go. Like... And I'd like to have better. Anyway
Scott Galloway · 55:06
This is an important conversation because part part of the solution here is we have to redefine masculinity Right. As something aspirational. And one of the first things you have to think about is protection. And an attribute of masculinity shouldn't be that you're a little bit rapey or you've spent time in prison. That's not masculinity. That's that's criminal. That's criminality. And, unfortunately, that... One of the things I just can't stand about Trump or your buddy Musk or our former buddy Musk is that they've conflated masculinity with coarseness and cruelty. And if you really think about the men who you really admire in your life, they take blows. They add surplus value. They break up fights. They... Someone insults them or cuts them off in traffic. They're fine because they're confident. They're okay with it. They can deal with it. Right. These guys, the big... I think these guys... I think... I would put at the top of the list the negative externalities of Trump and Musk is that they are terrible role models for young men. You know, they're teaching young men the wrong behaviors as it relates to women, as it relates to kindness. Anyways, I'm Yeah. Alright. Next on my TED talk again. And then
Kara Swisher · 56:12
Which was twenty twenty five's favorite TED Talk. Alright.
Scott Galloway · 56:16
You go. Thank you. Movement of the year movement of the year is gonna be banning phones in schools globally. It's just starting everywhere. Australia's banning social media. We're gonna see phones banned in schools all over the world. It's kind of the social movement of the year. And on a much more boring level, I think the biggest LBOs of... In history are gonna happen in 2025. There's so much capital on the sidelines. Yeah. And my favorite two targets are Target and Intel.
Kara Swisher · 56:41
Alright. Target and Intel. Alright. Anything else?
Scott Galloway · 56:43
All I got here. I think it's gonna be a great year for us.
Kara Swisher · 56:45
I
Scott Galloway · 56:46
think it's gonna be a nice year.
Kara Swisher · 56:48
Is there gonna be vacation for us together or some
Scott Galloway · 56:51
No. Don't want a vacation with me. I don't want a vacation. You got five kids. You got, like, a 100 kids. I don't want babies.
Kara Swisher · 56:56
100 kids. I have a 100 of them.
Scott Galloway · 56:58
My favorite is when you came to the Hotel two Cap, and you were there with Amanda and two kids, and you just kinda looked at me and said, can you take the kids in the pool and just, like, distract Amanda? I just wanna sit here
Kara Swisher · 57:09
Quietly.
Scott Galloway · 57:10
And drink wine
Kara Swisher · 57:11
Quietly. And
Scott Galloway · 57:11
have no one around. You're like, can you just, like, get everyone
Kara Swisher · 57:14
That's what I hope for. And, like, I did this at a dinner the other night. Everyone was talking about loneliness. I'm like, I wish I was lonely. I'd like to be lonely.
Scott Galloway · 57:22
It's not easy being a mom at 76.
Kara Swisher · 57:24
That's not easy. It's not. It's not. And yet, here I am. Oh, by the way, I predict great things for our kids all year. I think it's gonna be a good year for all our kids, all of them. I think your sons are... The times I've spent with this year, I hope to spend more time with them next year is
Scott Galloway · 57:35
Thank you.
Kara Swisher · 57:36
This this coming year. They seem to be doing... Just thriving. I think they're all gonna be thriving.
Scott Galloway · 57:40
Okay. Hope
Kara Swisher · 57:41
so. Let's hope. Fingers crossed.
Scott Galloway · 57:42
It's what what this all is for. Right?
Kara Swisher · 57:44
That's correct. Okay, Scott. That's the show. Please read us on again. Congratulations on your TED Talk thing, but thank you for a terrific 2024.
Scott Galloway · 57:53
Likewise, Cara. I appreciate it. Appreciate I your generosity and your partnership. Today's show was produced by Lara Naaman, Zoe Marcus, and Taylor Griffin. Ernie Intertodd engineered this episode. Thanks also to Drew Burrows, miss Severio, and Dan Shulan. Nishat Curwell is Fox Media's executive producer of audio. Make sure you subscribe to the show wherever you listen to podcasts. 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 later this week for another breakdown of all things tech and business. Happy New Year.
— Predictions segment ends —
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