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Kara Swisher · 17:34
Welcome back. The New York Stock Exchange is opening back up floor trading this week. A quarter of traders will be coming back with all sorts of new guidelines and protections. Floor traders aren't employees of the New York Stock Exchange, but of different Wall Street firms and banks that will have to sign this liability waivers that acknowledge that returning to work could result in, quote, contracting COVID nineteen, respiratory failure, death, and transmitting COVID nineteen to family or household members and others who may suffer from those effects. I don't know. I've been to the New York Stock Exchange. I think it's largely useless. It's kind of a backdrop for CNBC is why I'm always there. It's also a very tight, weird place. It's such a tight, weird place. I would not go in there. I'm not gonna back there ever, I don't think. What do you what do you think about this?
Scott Galloway · 18:16
No. You're you're exactly right. I was gonna say it's no longer a a trading exchange. It's the live studio audience for CNBC. It's very majestic. It's interesting. The guys in the blue suits, I don't... I really don't know how it serves any practical purpose when you have the Nasdaq, and people say there's certain nuanced IPOs. There's half as many publicly traded stocks as there were twenty or thirty years ago. It feels like an anachronism. It feels like this will probably speed the future, and that thing is gonna become, like you said, a backdrop to media companies, but even the media companies aren't returning. So, you know, Jim Kramer's like, well, that's really nice, but Callcoin is like, there's no fucking way I'm going back.
— Predictions segment begins —
Kara Swisher · 18:52
Yeah. Yeah. Well, it's interesting, they use it a lot when you're there for tourists. You know, they'll come in and they take a picture near the bell. They have this little set, like, it's it's... Speaking of Disney parks, it's like that. Like, you go there and you pretend you pretend you ring the bell, but you... It's not even where the bell is. And so it's it's... That has gotta be done. And it's also... It's right down there, you know, right down there on Wall Street, there's so much security now, obviously. It's really a deeply difficult experience for people. So I'm not sure why, except for perceptible things, were open in the exchange, I guess. I don't know. It's it's largely a show that I can tell at this point. But but let's talk about the real thing, is companies IPO ing. Mhmm. When I talked to Brian Chesky, he actually talked about definitely... He was thinking about next year. Mhmm. And he even mentioned 2020. What do you... How do you see, you know, the the idea of IPO ing where that's gonna go?
Scott Galloway · 19:44
I think this is gonna... I think this next class of companies that comes out is gonna be one of the best performing IPO classes of the last decade.
Kara Swisher · 19:52
Because Who are they?
Scott Galloway · 19:54
Oh, gosh. I'll give you one. Lemonade, the insurance disruptor. Okay. Airbnb will be enormous. I think there are companies that are going to come out of this so strong that the that if you will, the downturn, the deceleration gave them the opportunity. I don't want call it shed dead wood but basically get in fighting shape, cut costs like crazy, come back, their profits will be stronger. They've a lot of these companies have laid off 20%, 30% of their staff, their revenues are going to return, they'll hire back 5% of those people, and their profitability is going to skyrocket. And they're going to come into this either through a direct listing, or if they want it to be a branding event, they'll pay Goldman and JPMorgan 7% not to market their securities to their own crony, corrupt institutional investors who they price the stock too low, thereby diluting the share... Preexisting shareholders such that they can feed their old white guy network with bullshit discounts on stocks. But they basically, you're paying them 7% of proceeds.
Kara Swisher · 20:53
That was one paragraph. That was without punctuation.
Scott Galloway · 20:56
But this is what it is. It's it's a corrupt thing, but you're paying them 7% of proceeds for a branding event because because Goldman and JPMorgan are great brands themselves, and it's like this movie is brought to you by Disney. So it says, okay, this is probably a if Goldman is bringing you public, it means that, you know, other than WeWork, of course, it means that it means this company is probably, you know, pretty blue chip. So you're going to see I think you're going to see the companies that return, they're gonna look like growth companies, but they're gonna be growing 30% off of numbers are lapping, not 11.
Kara Swisher · 21:30
So Oh, yeah.
Scott Galloway · 21:31
I I think these companies are really excited. I think you're gonna see some monster IPS. There's so much money on the sidelines. Brian
Kara Swisher · 21:38
talked about a direct listing. I think he was saying that. I think he he said... You know, was interesting the story told. He was preparing the s one. He was reading it when he, you know, started to hear about the problems in China that they were starting to happen. So he was ready to drop the s one on March 31, I think, something that... Something like that, and then, of course, pulled it back. And now he's gotta change all the numbers, but it was... You know, he was saying direct listing was the way they were going. And it would be interesting of when they can... When companies like that can put their foot into the market. I think that's the intent. And and you're right. They do have to cut... They've cut a lot of things. I know Brian said he had a 101 projects or something like that, and he cut 70 or 80 of them. Even though some of them were quite interesting, like their transportation went around planes and some others. Either put them on hold or he got rid of them altogether and had to let go of staff. And so you're right. They... It's... He's... He was saying how it sort of gave him the clearest vision of what the company is despite having to do this and being on a role that... Because they were cash flow positive, they were doing really well. But it gave him a vision of exactly what the point of the company was, which was, you know, and what to stick with and what not to stick with. Although at the same time, he was disappointed on some of the stuff. I think he really was looking forward to innovating in, like plane travel.
Scott Galloway · 22:54
Yeah. It's going to be it's just I spoke to Aswath and the basic general kind of the general party line among all analysts is that there's a disconnect between the markets and the economy. Oslo at the Motor Inn said, I'll take the market's view any day over quote unquote the experts. And what the market seems to be saying is that there's a concentration or there's a bifurcation where there's more capital flowing into the winners, and there's some big winners through the kind of the culling of the herd here, the elephants that survive when the rains come back, have more foliage, and just just boom, and are able to use this as cloud cover to cut costs, get leaner, get more profitable when the revenues return. And it's... And the Nasdaq, if you will, is so weighted towards the winners. I mean, right now, it's becoming not the S and P 500, but it's becoming the S and P five or those five companies that are worth more than the bottom 400. So the markets are basically saying, all right, we're the winner circle. And it's not a good thing. It's any sector, we take the best two or three companies, and we've just made them stronger. So the few companies that are public or manage to stay public, you're talking really about the cream of the crop that are consolidating everything else. So you and that's what the market reflects in this notion. And you've always said this, the markets don't reflect the economy, they don't really reflect America. And it's so there are a couple things. The good news is the markets, I think, are there's a decent chance, least what the the market is telling us, are gonna be fine, maybe even go up from here. The bad news is that doesn't reflect what's going on on Main Street.
Kara Swisher · 24:27
Right. Which is the the ability to cut these jobs and whether they're gonna get them back. And, you know, the the lack... The inability to innovate with new fresh ideas. We'll have to wait and see if capital really pours into the market in order to do that. But right now, it is about consolidation more than anything. You know what? Think that'll hurt hurt the the markets presumably. You
Scott Galloway · 24:46
what is absolutely going to be the biggest boost to profitability amongst big tech over the next five years? This work from home movement. It'll be used as an excuse to start cutting people's salaries.
— Predictions segment ends —
Kara Swisher · 24:59
How interesting, because that's what we're gonna be talking about in a minute with someone
Scott Galloway · 25:02
Here's segue from the dog. I'm learning. I'm learning. I'm learning. I should be on TV.
Kara Swisher · 25:10
With Anderson Cooper. God. With Anderson Cooper. I can't believe he's having you on again. This is... Gotta speak to him.
Scott Galloway · 25:16
That
Kara Swisher · 25:16
guy must if you're listening here because I know you are now that you love Scott Galloway the dog. Give me a call, and we need
Scott Galloway · 25:22
discuss What
Kara Swisher · 25:22
are you talking about? Stay away him.
Scott Galloway · 25:24
Stay away from him. I'm with the cool kids now.
Kara Swisher · 25:26
Okay, Scott. Enough of your trouble making. Let's hear from a friend of Pivot about Facebook becoming a work from home company. Karen Marooney is a venture capitalist now, but she formerly was VP of global communications at Facebook. Welcome to Pivot, Karen, finally. Finally.
Guest · 25:50
Thank you.
Scott Galloway · 25:51
Welcome, Karen.
Kara Swisher · 25:52
So we have a lot to talk about. I know you're a PR person. You're gonna have to drop your care as a PR person and and and wariness and talk to us about everything. But let's first talk about, Facebook's last week announced to employees that they could work from home permanently. Can you help us understand the strategy here?
Guest · 26:09
Yeah. I looked at this and I said, oh, man. This could be as big as their shift to mobile, the way that they're thinking about this. I mean, it had the classic elements of... It was very much in everybody in Menlo Park. It had a center of the universe, and they are completely changing that. And if you think about the gravity of that and the ripple effect that we're gonna see across the industry, I don't think we we really have a sense of, like, how big this can be. So when I looked at this and I have no inside information, I looked at this like everybody else reading the press, I thought, oh man, Mark's moved from an optimist to a pragmatist. He clearly said, look, you know, we're not going back to work until, you know, we know... He said everybody can work from home through the rest of 2020. And then you look at all these other people that you need to hire. And when he did the math and asked the employees about where they wanna work and how they want to work, he's already gotten himself to 50%. So, he's like, I've already gotten to 50% of the workforce in five years if I do nothing, basically. So, when I looked at this, I thought, God, okay, from an optimist to a pragmatist, but a really big deal. It's a classic, you paint a big vision, right? Five to ten years, half of our workforce can work remotely. And then you say, we're gonna iterate and take steps, very, very Facebook. And then we're gonna lay out all the details. And the details of this announcement, I think, are what really were the interesting part. That they have done all the work so every other company can follow along and say like, oh, okay, this might be the step for how we have a remote workforce. We... He laid out the blueprint for here's how you can take your employee base and start having them move towards more of a remote workforce. But it's a big, big change.
Kara Swisher · 28:06
So let let me... Yeah. It is. Let me tell you because he spent a lot of time talking over the last couple years about that headquarters with the garden on the roof, with the... With people who are gonna live there and live and work. There were gonna be apartments. You know, you had all these big architects come in to do things. You put restaurants in there. What what... How do you... And you were p r... Put... Doing p r for all that, the idea that you're creating these beautiful workplaces in this section of Silicon Valley that had been, you know, had not been used in that way. You created this big giant Facebook campus.
Guest · 28:37
Yeah, no, it's a total think about how stunning Carrie, you've been there. The campus is stunning. It has restaurants. It has laundry. It has a garden. You really feel like you're away. And if you think it's not the only place to have done that, Salesforce has the Salesforce tower. Apple has the spaceship. I mean, they're very much a sign of, like, these companies that they have a big headquarters that people feel attached to and sort of as a signature. I mean, they all say something different about the company. Facebook was this giant open floor plan. Casey Newton pointed out correctly that, early on you could pay employees $15,000 just to move closer to headquarters because the thing that really bothered people about work was the commute. So, the answer to people hating the commute was move them closer. I mean, think about that. Think about that hack in terms of instead of remote work, we're just going to move everybody closer. But think about this now, this isn't move people closer, this is let people work from anywhere, which is a really strong about face from where we were just even a year ago.
Scott Galloway · 29:46
So Karen, have a question. I would just say to the notion that this is nothing but an attempt to further reduce of employees. Because if you can move their job to Denver, you can move it to Bangalore, India, we're gonna end up in a situation where Facebook is now spreading the value of Airbus across fewer and fewer people.
Guest · 30:02
I couldn't disagree more. If I think
Scott Galloway · 30:05
Go on.
Guest · 30:06
Just... I totally disagree with you. Think you're wrong.
Kara Swisher · 30:08
I think
Scott Galloway · 30:09
you're turn. Your turn. The mic
Kara Swisher · 30:11
is yours. Why?
Guest · 30:14
Well, if you think about these tech companies, so many of the problems have been that they are in these specific hubs. They do not have enough of a diverse workforce, which has been a complaint for a really long time for a really good reason. And you have incredibly smart people trying to solve the problem of diversity. And one of the other side effects here is that you're creating this inequality of wealth in different places.
Scott Galloway · 30:41
Mhmm.
Guest · 30:41
So if you can have people who can have these jobs, work from anywhere, and have people from all different backgrounds be able to apply for these jobs no matter where they are, it's going to open up an entirely new way and a new type of person who's able to get these incredibly good jobs.
Kara Swisher · 31:01
He got a lot of flack for that. Although you do that... You had done that before. If you lived in Denver, you got paid less than if you were in Silicon Valley. So what... Why... Tell me about what what... If you were there dealing with the flack that he got for that, because he really did. You know, he got an enormous amount of flack for for saying we're gonna pay you less depending on where you are.
Guest · 31:19
Well, I'd like to imagine the flip side. Imagine if they didn't pay you less, and then anybody who worked at any of these companies could go live someplace, and it would be incredibly difficult for the rest of the surroundings to have somebody who was making all this money. So why I look at both of these.
Scott Galloway · 31:39
Do you think the guy who controls the company through two classes of share has shares your imagination around that? Or do you think he'll cut cost?
Guest · 31:46
We have done this. Well, sorry, still have it. Facebook has changed the salaries of people who relocate for as long as I can remember. And the thought was that it is in line with how much it how much it costs to live in a specific area. And I mean, the way I think about it is the what did George Will used to say? The four letter word that begins with f that you're not allowed to say in work or at home or to your kids is fair. Like you would say the other four letter word as long as you want, but you can't say the word fair. I think in either... If they had done either version of this, people would have cried no fair.
Kara Swisher · 32:26
Yep.
Guest · 32:26
So I think I look at this and I I personally agree with the way it fell, but I think on either side, they would have gotten blasted.
Kara Swisher · 32:34
Mhmm. Alright. Speaking of that, we're gonna talk about that in a minute. But what happens then to Silicon Valley? Like, they built this beauty. What happens to that campus then? I mean, can I just now walk around up there and get smoothies by myself now? Could it become a park?
Scott Galloway · 32:46
Could it be? That's an image.
Guest · 32:47
I like that, just Kara walking around. Wandering around. Well, was what I can I tell the story of when you brought your son to Facebook classic campus?
Scott Galloway · 32:59
No. Please don't.
Kara Swisher · 33:01
Please He
Guest · 33:02
he walked right up to Kevin Systrom and said, you should friend me. Do you remember that? And Kevin
Kara Swisher · 33:07
was like...
Guest · 33:08
I do.
Kara Swisher · 33:09
He was terrified. He looked terrified. In any case in any case, But what happens to these? What happens to these beautiful? Like, Google had its campus, you know, you've got Salesforce, you've got Apple. They spent a lot of time building these things out. Do people have to go now? Or do they can say no more of this?
Guest · 33:26
I think they're... From what I read, the stats also showed that a number of people are like, get me back there as soon as possible. I mean, I think some people will be really disappointed that they can't go back.
Scott Galloway · 33:37
Especially young people, right? It's where you meet
Guest · 33:39
your
Scott Galloway · 33:39
friends, it's social. It's really interesting. You don't have school and you don't have work, where do meet your spouse? And I'm not saying that's the only place you meet, but those are the two places people create relationships is at work and at school.
Guest · 33:52
And right now, everybody's both are in question right now about whether you have a physical I think what I read was Mark went out of his way to say, you know, he he knew very classic style. He'd done a lot of research. He talked to a lot of experts. He talked to a lot of people. Then he sets out a grand vision, and then you iterate. So I expect they'll iterate and learn. He called out specifically new grads because a lot of companies that are working remotely today say specifically, we won't hire people who don't have x years of experience. And in what I read, Mark said, we will hire. We have thousands of interns who come and eat all the food and they will still bring them in at least for a certain amount of time. So it sounded like the remote workforce initially would be people who are the new hires and people who fit a certain set of criteria, which included experience of yours that you've already worked there.
Kara Swisher · 34:54
Okay. I'm gonna ask you one more general question before we finish. So one of the things we've talked about is the idea of redemption that that companies like Facebook and others are are having during this. What do you what do you read on the PR strategy big tech will employ as the recovery continues? What would you be doing right now? Look, we're good. We weren't as bad as you thought. What would you do? Because you went through the years of Facebook is is ruining society.
Guest · 35:19
Yeah. I got to go through the up and the down. So it was... It... I got to have both. I think, you know, I was listening as I do. I listen to your show, and I loved how you guys were making fun of all the ads that had the little piano. Tinkle. Tinkle. Tinkle. Tinkle. Tinkle. We're in it together. All hug. No matter who it was, there's something there. And it's true. It's not just tech. I think it's every company is maybe doing an overboard in terms of we're in this together. When I take a step back and I think about how we entered 2020, you know, which is just even January, just think about Techlash felt really real. There was this big consensus that CEOs and founders were, you know, not to be trusted overall, you know, not just in this. And there was a fear of big data. And I think that seeing these companies come together, whether it was Google and Apple working on this or Facebook putting out data, it feels to me like a little bit of a shift Because again, just I used to hearken back to Silicon Valley. Remember that line that was like, I don't want to live in a world where someone else is making the world a better place better than we are. Remember that it used to feel a little to me like that. And now I think the need is so great that people are and these companies are doing a better job of letting go of that and focusing more on the problem and the solution. I think it
Kara Swisher · 36:56
Should they get a pass? Should they be able to be redeemed? Because there still is the election coming up. There's still all kinds of things. Do... Should we say, oh, now they're good when they're now more powerful than ever, Karen? Like, Facebook's at an all time high.
Guest · 37:08
Well, I don't expect you or Scott to give anyone a pass ever. So I think that I feel confident in the no pass zone from loads of people. I think that there will be like everything stops and starts and goods and bads. And I don't think it is all bad or all good, and we're gonna have to keep the balance.
Scott Galloway · 37:29
You just said nothing.
Kara Swisher · 37:31
Thank you.
Guest · 37:31
That's that's see my old That's why she's Thank you. Paid the big to be, used to be, used to be.
Scott Galloway · 37:40
Karen, talk about your new firm. What are some of the firms that you're financing? What's the focus of your VC firm?
Guest · 37:46
So I'm a brand new general partner at a firm called Cotu. They've been investing in tech investments for over twenty five years, and mostly on the public side, and then more recently on the growth side and the newest is on the venture side. So they've invested in companies like Snap and DoorDash and others. And I have yet to announce or to lead my first investment, but hopefully soon. I think this work from home thing might be big.
Scott Galloway · 38:18
Good. Congrats on that.
Kara Swisher · 38:19
Alright, Karen. Thank you so much. Sorry to give you a hard time, but Sorry. Not Not sorry. And we really appreciate your insights. I hadn't thought of it that way, actually, which is why you did get paid the big bucks at Facebook. Anyway, have a great day. Thank you so much Thanks, for having guys.
Scott Galloway · 38:34
That was me on my best behavior, just
Kara Swisher · 38:36
so you know. It didn't have to be. Anyway, all right, Scott, we're gonna take one more quick break. We'll be back for Wins and Fails.
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Kara Swisher · 40:11
Okay. We're back for wins and fails, Scott. There's so many going on today. I'm gonna give just one, which is Jacinda Ardern, who I still continue to have a mad crush on, like, the way you have a crush on Anderson Cooper. I... She was in the middle of an earthquake when she was doing a press conference or something, and she literally was like, oh, we're having a little shake.
Guest · 40:31
We're just having a bit of an earthquake here, Ryan. Quite a decent shake here.
Kara Swisher · 40:34
Gangster. Right? Was gangster. And she's still handling this crisis using data, using, you know, smart science and stuff like that in New Zealand. It's not as difficult to lift. There's only 5,000,000 people there as opposed to anywhere else, but I think she's sort of a great version of a leader that we can all look up to. Thank you. That's my win. Go for it.
Scott Galloway · 40:52
That's a nice one. My win is governor Burgham. Think I'm saying that right. Governor Doug Burgham of North Dakota, Republican governor. Yeah. I thought his press conference talking about the importance of masks and saying that this isn't a political issue, that if somebody is wearing a mask, maybe they're just trying to protect, an immunocompromised child. I... And he got he got emotional. I thought it was such a real moment. And it made me think, I'm so glad people like this run for office. And it just made me feel, you know, good about North Dakota, good about America, that there are people who at the end of the day are really trying, you know, their emotions are in the right place. I thought this guy, he made everybody in the world kind of push the pause button on their bullshit ideologies and say, okay, here's a leader who's worried about people and is saying to people, masks just shouldn't be politicized.
Kara Swisher · 41:52
Yeah. And also, but he
Scott Galloway · 41:53
said it in way that was,
Kara Swisher · 41:54
I think, incredibly kind, even to the people who were doing it. He like, this isn't the North Dakota empathy, whatever. It just is so weird that people would object to a mask. I mean, really, if someone wants to wear a mask, we let them wear their mask. Like, I don't know what to say. Like... And and not wearing it is a sign that you don't think more carefully about the people you might infect. And so, you know, they're gonna argue the science of it and everything else and say it's, you know, don't tread on me. I don't have to wear it if I don't want to. But it's just a... As he characterized, it's very selfish attitude. And it's not... This is this is gonna be a phase that is going to end, and to make it better, it would be nice if you did that. And so I like that. I like that. And I also... I've always also liked... I've been introduced to a lot of GOP leaders who I think are great, like Mike DeWine. I mean, I'm not gonna agree with him on a lot of stuff. I've looked a lot of his other policies. But I gotta say, I think he's conducted himself with with the with the with the leadership through a crisis. So it's nice to to be able to see that the the party is not just Trump. Like, this party is not just Trump. And I'm hoping those those voices will prevail over time. Alright. Your fail?
Scott Galloway · 43:00
I thought Joe Biden's interview on CNBC, I I I just think, he needs to appoint a cabinet really fast and a vice president and start Tell me why. Tell just thought he came across as, a 76 year old man. I... You know, I know that's an age is terrible thing to say. He just I'm worried, Kara. I I just think I think Joe has lost a step, and I think we're in a state of denial. And, some of these interviews, it feels to me that this is he is a decent man. He has strong character. He surrounds himself with good people, which is check, check, check. These are three ginormously empty boxes on the other side of the aisle right now. But he needs to start, he needs to surround himself with competent people such that he can say, Okay, maybe my knees aren't what they are, but I've got a great line, I've got a great running back, I've got a great wide receiver, and this is a team sport. He needs to put the team on the field fast, because it is, it just... These interviews are painful.
Kara Swisher · 44:01
I might point out Scott Galloway, mister supporter first of Beto, who I said was gonna flame, and then Bloomberg, who I said was gonna flame. You you had this thing around Biden. He wasn't gonna win. Wasn't gonna win.
Guest · 44:12
I was
Kara Swisher · 44:12
like, don't know.
Scott Galloway · 44:13
No. You're out
Kara Swisher · 44:13
of just saying. I just am like, I do not discount the decency of this man, which is clear. He made a couple of errors. They were stupid. This thing he said about African Americans was stupid. It's...
Scott Galloway · 44:26
I don't... You know what? The thing...
Guest · 44:27
The
Scott Galloway · 44:27
No. I think those typical. Who gives a shit? I mean, compared to what Trump says, Trumpistan, that's nothing.
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Scott Galloway · 44:35
a house of double murder.
Kara Swisher · 44:36
Comparison between them, by the way. Nobody compares Trump's
Scott Galloway · 44:40
decision. Wants to talk about this. No one wants to talk about this is Joe has lost a step, and that shit doesn't get better as time goes on. Alright. And he needs to surround himself.
Kara Swisher · 44:49
I am pointing out that you were spectacularly wrong about all your political choices so far. That's just Yeah.
Scott Galloway · 44:55
So far.
Kara Swisher · 44:55
Point that.
Scott Galloway · 44:56
So far.
Kara Swisher · 44:57
Alright. Someday you're gonna be right about this. Alright. My fail, I think, you know, I worry about a lot of... I still worry about jobs. The Hertz ran a car bankruptcy was, was, you know, they
Scott Galloway · 45:07
were She worried about
Kara Swisher · 45:08
Hertz going out of business. No. No. No. I mean, they were loaded up with debt. They were loaded up with debt. There was there was no way to go. And, look, enterprise had been running circles around companies like Hertz for
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Kara Swisher · 45:17
But I do worry about people's jobs. I still am like, you know, what are how are people going to recover their jobs? When you talk about the culling, you talk about it as a concept, but in reality, it affects people's lives in a way that is going be And I think it's really hard to see where that's going to go and where the pain is going to be. And I think we're going to not see it in the way that we should or not focus on it in the way that we should. As you said, I think I get inspired by you in that, is people, not companies. And so I think about the people working at these places and what... Where do they... What do you... What's the choice you have? You can't just, like, move on to another job. I think we have a... Different people have an ability to find jobs quicker, and I think it's gonna be really tough for a lot of people. Like, that... I keep think... Every time I read one of these, I go, oh, dear. It may be good for the for the corporations. It may be good for Wall Street. It may be good for a lot of things, but it sure ain't good for people. And then
Scott Galloway · 46:10
Well, if you make more than a $100,000, 10% of of you have been laid off. If you make less than 40,000, 40% have been laid I mean, this is... I mean, so I I consult to or used to consult to a lot of big multinationals, and one of the heads of one of these company... European... And I know I'm sounding very cryptic right now, but I don't wanna speak out of school. And they're predicting... They've talked to a bunch of experts, and they're predicting social unrest in The US. Yep. And I thought, jeez, do you really think there's gonna be social It's like, oh, yeah. We think that people... We have... We're kicking... You guys are kicking the can down the road in time for the... So both parties can pose for the cameras for November elections. But if you look at unemployment, if you look at how vulnerable your population is. You are headed towards social unrest. And I thought, wow, that's and these are not reactionary No.
Kara Swisher · 47:01
I people. I I when I say this, and I give sometimes speeches, I say and I said something that I heard from someone, I don't remember it was, is that you're either gonna you're either gonna deal with this issue around now jobs, or at the time, it was income inequality, or you're gonna armor plate your Tesla. So which do you want? Right. And so I think that, to me, I just have this nagging feeling of real problems coming up in terms of that. And whoever inherits the white... Gets the... Inherits the White House wins the White House. It's gonna be one tough job. It's gonna be one tough job. And I I worry. I worry about anybody having to deal with it, but especially when we're a highly partisan, we're arguing about freaking masks. It's insane. Let's have the let's have the let's have the governance. Happy.
Scott Galloway · 47:42
We're we're happy. Tell me something happy. I'm gonna make... I'm gonna do something happy. You go first.
Kara Swisher · 47:46
Happy. What's happy?
Scott Galloway · 47:47
What's happy?
Kara Swisher · 47:48
Oh, my my children are still wonderful. I do not wanna drive them in a minivan in the pool.
Scott Galloway · 47:53
That's one cute baby.
Kara Swisher · 47:54
That's one cute baby.
Scott Galloway · 47:55
Is cute. Oh my goodness.
Kara Swisher · 47:57
That baby's a cutie. Just... Dad, also my sons are really, really... They've proven to... You know, they're really handling this really well. I I that, you know, there's moments of boredom, moments of like, oh, this sucks. And and they've handled it very maturely. I'm very, very happy to to have such nice children. Okay. Yours.
Scott Galloway · 48:17
That is nice. That is nice. Yours. So mine is, I've been... I talked about it last week. I was really moved by, Mary Anne Castro, Senator Glenn's wife passing away at the age of 100 from convocation COVID nineteen, you know, suffered with a real stutter. And I I went back to her obituary for the second time, and I love what John Glenn said. He... When he was asked about what it was like to be with a... Or have a wife with a severe stutter during a presidential race. And he just said, you know, I just always I just always loved her who... For who she was. I just loved her, and that was that. Yeah. But I I remember thinking to myself, wouldn't it be nice to have those instincts when when you know someone is deeply insecure about something that you you express to them? I just know who you are, and I love you, and that's that. I thought that was such... This is the guy who orbited the Earth for the first time. That's just such, like, a healthy instinct.
Kara Swisher · 49:14
Yep. That relationship was always inspirational.
Scott Galloway · 49:16
Really
Kara Swisher · 49:16
nice. Was real... And she was quite something. She was... You know, I always... Whenever she was... They wrote about her, I always would read about her. I found her very I I thought he was always inspirational, but the two of them, really... Was really
Scott Galloway · 49:29
Really nice
Kara Swisher · 49:29
couple. Nice couple, and it was nice.
Scott Galloway · 49:31
The Right Stuff, a great movie. A good movie to feel good about America.
Kara Swisher · 49:34
Alright. Why don't you watch that and The West Wing? And then you will feel better, Scott.
Scott Galloway · 49:37
There you go.
Kara Swisher · 49:38
President Martin Sheen will make
Scott Galloway · 49:40
The fourth of civil unrest. And go get a Glock.
Kara Swisher · 49:44
Go. No. No Glocks. No Glocks. No Panzer divisions. There'll be none of that, Scott Galloway. Alright. Unless I invade your beautiful Florida home, which I saw on a Zoom call, which made
Scott Galloway · 49:55
Actually, tonight, my... I'm... I pretend I'm Germany. My wife dresses up in Poland, and I invade her. No. That's good. World War two sex humor.
Kara Swisher · 50:03
No. You know, last week was George Conway. Nurses
Scott Galloway · 50:05
know an impenetrable Maginot Line.
Kara Swisher · 50:08
Alright. And on that, we're gonna go. We are going. We are stopping this traffic accident right now. Anyway, don't forget if you have a story in the news not about Nazis and you're curious about it and wanna hear our opinion on, email us at pivot@voxmedia.com to be featured on this show. Scott, read us out and try hard not to offend someone.
Scott Galloway · 50:30
Today's episode was produced by Rebecca Sinanis. Our executive producer is Erica Anderson. Our sound engineer is Fernando Finite. And special thanks to Drew Burrows and Rebecca Castro. If you like what you heard, please download or subscribe. Find somebody who you think might be insecure about something and tell them that it's all about who they are and you just love them and that's that.
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