Fed cuts interest rates (and banks lobby for deregulation), Facebook’s Libra fades… Dorsey’s next move and moments of happiness

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Hi, everyone.

This is Pivot from the Vox Media Podcast Network.

I'm Kara Swisher.

And I'm Scott Galloway.

And Kara, I am more joyous than the CEO of Lysol or Purel right now.

You know why?

There's not a CEO.

Because, Kara,

I'm feeling the geometum.

Are you feeling it?

No, not really.

Do you feel the geometum?

I don't have an opinion.

I'm mad that all the women are out of the race, as usual.

And by the way, by the way, let's just ignore the fact that I said Joe Biden was going to leave the race without having won a single state.

Let's just ignore that fact.

You did say that.

I'm just going to make that point is you were not a geometum person.

You love Mike Lohnberg, who's gone.

I'm all in on Joe.

No.

Come all in.

No, no, you were so capricious.

It's ridiculous.

First, you were with Beto, and I was like, that guy is like like a man boy and he's not going to make it.

And you were like, no, no, no, he's the future.

Then you went over to Dream Eat Pete.

And again, he's the future.

I love him.

He's the best.

Then you moved over to Bloomberg,

our favorite billionaire, essentially.

And now he's dumped.

He's gone.

He's left the building.

And now you're gee mentum.

This is, I would worry about anyone you back.

I've got to say that.

Your disparaging comments are compensated by the fact that I like it when you call me capricious.

Call me that again and yell at me.

Listen, listen.

How can you just shift?

What do you just, you just can't stand the social media?

I want the pivot to the middle.

I want the ass clown liar, bigot, stupid out of the White House.

And you know what?

We need to stop, and I'm serious about this.

We need to stop taking,

we need to realize this is not the Olympics.

It's not the decathlon, or it is the decathlon.

It's not a biathlon where we base it on debates and how much money you raise.

Who can build a coalition?

Who can calm the markets when shit gets real?

So you were surprised by this, right?

You can perhaps do do this.

I'm all in.

I'm moving towards, Joe.

Who would you feel more comfortable if there's another RNA2-like virus?

Who could look at the cabinet this guy might put together?

Who would you rather have as Attorney General, Bill Barr or Kamala Harris?

You know,

Perry,

or who would you rather have as, I don't know, Secretary of State, Pompeo, or whoever it is now,

or Amy Klobuchar?

Who would you rather have as NSA advisor, a guy going to prison, or Mayor Pete?

You look at that debate stage the last couple weeks.

It's an outstanding cabinet.

It's America in 2020 as opposed to Selma in 1961 or where Bernie wants to take us, Norway in 1971.

This is America moving forward.

We need to realize that the president is not about a two-minute sound bite on the debate stage or how much money they raise.

I am all in on Joe.

I am with Joe.

I want you to join me hand in hand.

Bad things can happen.

It's not over yet.

Let me just say.

How is it not over?

The problems that he had before exist so i'm just saying there's going to be a lot of literally my my mom called me she's like joe biden is adult because that's the news on on uh on fox news and i was like i can send you a video of adult made is that capricious

just like you know just old i thought lucky liked joe she did i said what happened you used to love joe and she's like well he you know he's lost his mind i was like if you would you like me send you a video of trump misusing words constantly and reagen was all there let's be honest in any case i'm just saying there's a lot there's it's a long road to november that's i'm gonna tell tell you that.

It's going to be tough.

Greatness.

Greatness is in the agency of

others.

Joe will bring back.

I want you to go back, and then we're going to get to actual stories.

But listen, why didn't you like him before?

Don't ignore why you didn't like him before.

Just because he was a loser or now he's a winner.

That's what you've got to examine.

What was it that bothered you before?

The thing that bothered me about Joe Biden is that we usually don't go back to elect people.

I didn't feel like he demonstrated the same, what I'll call, adroit nimbleness on his feet as

some of the other folks.

He had put in place a weak campaign in fundraising.

But quite frankly, you know, what's exciting is that it doesn't look,

again, I've had this all wrong.

I said this is all about money.

He had no money going in.

He doesn't have the toxic Avengers known as the Bernie Bros online.

And now what's going to happen?

Bernie's going to claim.

How is Bernie going to claim the whole thing's rigged now?

Joe went into Super Tuesday with no money, and he didn't have those toxic Avengers online that called the Bernie Bros, and he won it.

The whole world is moving to the the middle.

How can they claim it's right?

They are.

They're doing it.

How can they claim it's right?

Take a moment to pour one out for Mike Bloomberg.

500 million pourouts from Mark Bloomberg.

You were way behind him and now, because you were looking for an alternative.

That's what you were doing.

No, I was looking for the person who could win it in the middle, and now I think it's Joe.

But what was very interesting about what's happened with Bloomberg is that it's clearly easier to buy a president than buy the presidency.

And that is, from a pure economic standpoint, you'd rather be the Koch brothers and just buy a president, as I believe they've done, as so many people have done with the current president, than buy the presidency.

And that's a good and a bad thing.

It's a very good thing.

But look at what Mayor Bloomberg has done.

He's brought tensile strength, organization, and some of the substance and on-the-ground artillery that the Biden campaign was lacking.

One plus one equals three.

And I just want to give a shout-out real quick to...

Well, probably, you know, it'll be later for my win, but Senator Warren, which dropped out of the race today.

You know, I can tell you as an academic, she is, she like makes the entire academic world look so much stronger, so much more resilient, that ideas matter, the truth matters, the data matters.

And if you had just put, I believe that she elected a female president more so than Hillary.

It's just not her.

If you think about Senators Klobuchar, Senators Harris, Senator Warren.

I'm going to, wait, give me a minute here.

So I think one of the big, big points or trends that made us more accepting and helped us us

make great progress about our gay brothers and sisters was Will of Will and Grace.

And my favorite show of the otts.

And that is, it portrayed two gay men who didn't, weren't like each other, and they were both likable.

And we had the stereotype in the U.S.

of what gay men were like.

And then

we saw that, yeah, some gay men are that way and some aren't.

And getting more familiar and getting more comfortable with the idea of being friends or not friends or with neighbors that were gay made us more accepting of home.

And seeing three or four ridiculously competent, strong people who also have ovaries, that is making the world more comfortable with the idea of a female president.

So I think senators Klobuchar, Harris, and Warren absolutely elected the first female president, even if it wasn't them.

I think they made huge progress.

You left out Williamson and Gabbard, just FYI.

Okay, like I said.

Okay, like I said.

So we got to get to the point.

The Assad apologists and Oprah spiritual healer.

Yeah.

We've got to get to this.

And obviously, Jack Dorsey is still fighting for his job.

We will talk about that a little bit later.

We'll talk about Winds and Fails.

What do you think?

I'm sucking all the option out of the way.

As per usual.

That's okay.

I like hearing you yammer on.

I think we'll see.

I'm a will-see kind of person.

I'm like, it's a long road to November.

And President Trump has all kinds of dirty tricks.

And

I think it's, you know, Joe's got to get his friggin' head in the right place and stick it there.

And his problems are he does wander.

And he does, like, that's the, you've got to like.

I don't think he can fix fix that i'm not sure i think i think what has to happen he's got to really bring a strong team around him right away and i think i hate to say this but i've never thought this is what's going to bring down the germaphobe which is covet 19 you know this is this is a big deal this is it's ironic that a germaphobe gets brought and have

i think this is really the big issue politically is this uh the economy and covet 19.

the fed cut interest rates by half a percentage point in an emergency rate cut this is the first emergency rate cut since 2008 when we had obviously the housing crisis the new new benchmark interest rate is a range between 1% and 1.25%.

As a result, big banks are seeking some relief.

A lobbying group, the Banking Policy Institute, they asked the Federal Reserve to lower capital requirements to ease periodic stress tests banks take to provide they can survive an economic crisis.

So that's a big deal.

Steve Mnuchin told reporters that he is talking to banking regulators about potential regulatory relief measures, which could be just trying to take advantage of a bad situation.

Obviously, airline stocks are getting killed, all kinds of travel stocks.

We may not be at South by Southwest, Scott Galloway, but you joke about it.

But the fact of the matter is, that's a $500 million impact on that city.

It has an impact on all the companies that are there, and it has reverberations well beyond the $500 million.

And so let's talk a little bit about healthcare stocks, they are on the way up.

Anthem, Humana, United Health, Clorox shares, as you said, have risen 10% so far this year.

And Gojo Industries, the company behind Purel, privately held company, they're obviously doing really well.

So what do you think about this COVID and the economy?

You're like CNBC with Ray-Bans.

You literally, I don't need to watch CNBC today.

That was outstanding.

So there's a lot there to unpack.

But word, my sister, the first thing you brought up about coronavirus, this isn't going to be Trump versus Biden.

It's going to be coronavirus versus Hunter Biden.

And my friend Todd Benson texted me this late last night, and he's absolutely right.

The Democrats are going to talk about who do you want?

It's kind of that, remember that old commercial, who do you want to get the call?

This is,

I mean, Trump's idiocy and inability to surround himself with competence is really,

you know, the chickens are coming home to roost because today, then the latest thing, he's decided that people with coronavirus should go to work.

Yeah.

Did you see that?

Yeah, I did.

I heard it.

I mean, it's just, and so you can imagine immediately they get the village idiots together and they say, all right, who's going to to walk this one back?

Who's going to ruin the reputation and go out there and say, well, what he meant to say is it's not a Democratic hoax.

It's just a hoax.

I mean, this is

when in periods of froth and boom economies, we want nose rings and crazy statements and aggression.

In periods of chaos and insecurity, we want an adult in the room.

And this entire positioning around the Biden campaign will be around how poorly.

that Trump handled the coronavirus.

And wouldn't you rather have a guy in the office who can call, I don't know, on a foreign policy crisis, maybe

on his phone under speed dial, a guy named Barack Obama?

How would that feel?

That would feel pretty good in the White House, right?

And then you're going to have Trump absolutely go after Hunter Biden because let's be honest, Hunter Biden is an unusual, strange guy, and he was put on the board of a petroleum company in the Ukraine.

He had no business being on the board.

I don't think it was corrupt.

I think it was nepotism, and it happens everywhere, and we need to do something about it.

But this isn't going to be Trump Biden.

It's going to be coronavirus versus Hunter Biden.

I was thinking the Hunter Biden thing.

I think people have already done with that story.

And that's the problem.

He has created, Trump has created a situation where we are done with storylines.

Like it's almost like a soap opera and we're kind of done.

Everyone's like, yeah, I got the Hunter Biden thing.

And it's not going to work.

You think it's done?

You think it's played out?

I do.

I think people are like, okay, okay.

He was a rich kid's son who shouldn't have gotten that job.

Okay, I got it.

Was it really corrupt?

Who cares?

I think they're going to have a hard time with that storyline.

And I do think of everything in terms of his show, as you know.

I was a watcher of it.

And you can't keep hitting a storyline over and over again.

And I think they've lost it.

And I think he's made us move on to other stories quickly.

And this one now is about this crisis and

the impact on the economy, the actual real-world impact of people's jobs.

I think that really is where the rubber hits the road.

And I think that's where, I think

you can't bullshit your way out of this.

Irresponsibility is unattractive.

You know, I think what is effective is this is being ginned up and it's just like the flu.

I think that works.

I hate to say it, but it works because my mom repeated it to me the other day.

You can take a flu virus, all that kind of stuff.

All this like crazy old man stuff does tend to work, but only for so long as

deaths increase, as the virus increases, as it gets more panda, as a pandemic develops.

I think that's a problem.

Because then you look like an idiot, that kind of thing.

And unless, you know, luck of luck, it slows down like it has a little bit in China, and it doesn't take on the qualities of hundreds of thousands of people getting sick and tens of thousands of people dying, which nobody wants to have happen.

But this is how these things go, unfortunately.

And so I think the impact on the economy, as much as we should focus on the impact on people, is

really profound, is really going to be profound, I think.

And that's

where the issues.

And what's interesting to see is which companies, as you know, all these ones that promote

work at home stuff is going to do well.

Obviously, these the the anthems and the healthcare stuff, the people making parale, all the kind of things that you would think of are doing well.

And all the ones that aren't doing well are the ones you think of, the airlines, hotels,

and on and on and on.

So I think that's where we are is this economic impact.

We were talking off-mic about South by Southwest and there's been a lot of famous people who've called for a boycott of South by Southwest.

And I feel like they've sort of grabbed the god mic.

And, you know, I'm listening to the CDC, which has basically said, keep monitoring it, but you're no less or more safer, nor are the residents of Austin, if you have South by Southwest or not.

And if you, and again, you know, everyone's scared to make these comments because they could age really poorly.

But right now in the U.S., and I know you don't like these stats, but the fatality rate each year is 1.23%,

meaning that about 4 million people die each year.

If 10 million people get corona and the current fatality rate holds, it means it'll go from 1.2% to 1.2%.

And that is, it'll go from 1.23 to 1.24 or 1.25.

And life is about, I mean, the math I do, and it's easy to get caught up because

the fastest spreading, the most contagious virus in the history of our species is not corona, it's not plague, it's not the Spanish flu, it's fear and panic.

And I feel like the media has done such a terrible job reporting on this, on this virus.

And the way I look at it is I have 10 more years at South by Southwest.

And that is by the, you know, in my 50s, if I go to South by Southwest, I could slip and break a hip.

There's only so much time left.

Time is going faster.

So you weigh the risks and you decide is relevance, a chance to see people, a chance to enjoy a great city.

And when the CDC says, We don't think there's a reason not to go, I think you go.

And it's, you got to live your life.

Having sex is dangerous.

Driving on the I-95 is dangerous.

Water skiing is dangerous.

You just got to be smart about the calculated risk.

Yeah, but if you're running these companies, look, Google's out, Facebook is out, Intel is out, Netflix is out, Apple is out.

You know, these people have cut and run all these tech companies, which is a big part of South by South.

We're just using this in his example.

But, you know, here, there's real-world implications.

And I think then you worry about the idea.

People are going to err on the side of safety.

Like, what if

one of your workers got sick by being there?

What if there's a sudden outbreak of it there?

Why even bother with the trade, even if it's a small insurance, you know, and it's not going to happen?

I think that it doesn't matter.

I don't think it's the media's fault anyone else.

I think everybody is going to be like, I don't want to be the company that sent my staff to South by Southwest and everyone got coronavirus when they got home kind of thing.

And then it spreads elsewhere.

I think it's just inevitable.

I don't think it's fear.

I think it's.

it's prudent to probably do this.

If you're in that company room, making a decision to go is one that is really fraught.

And I don't think people will.

And so the question is, will it push everyone into recession?

Because this is real money.

This is real events.

These are real.

And that's iterating around everywhere.

Every single conference and analog activity has been canceled.

They have.

And then, you know, again, it's a question of whether it's going to put us into recession and what that looks like.

Yeah, well, in the last, we were talking about the last, literally in the last six hours, I was scheduled to go to three events in the next three weeks.

Two have been canceled in the last 24 hours.

And I understand

on a risk-adjusted basis, especially if you're someone like Amazon that's identified a couple of people with the virus to pull out, I get it.

I understand it.

It's a shareholder-driven decision.

The low probability, high-severity scenario, and the reality is if they don't go to South by Southwest one year, if they skip it one year, it's not the end of the world.

But just as the virus...

is

preying on kind of the weak and the old or people who have an underlying health condition or respiratory illness.

I believe the real kind of victims here, if you will, other than the personal tragedy of people who get sick and die, is that small and medium-sized business.

Amazon's going to be fine.

You know, Clorox is going to benefit some firms.

Live Nation will get hurt because maybe people go to fewer concerts.

But the real, if you call, economic cost that becomes more of a human toll is the...

The guy who's catering South by Southwest and has eight employees.

Those companies can't survive a cyclical hit.

Everybody else is going to be fine.

My prediction is we're going to see a short-term recession and it's going to come roaring back

as long as people continue to sleep through the fact that we're financing this artificial, you know, we're artificially financing the government with irresponsible debt.

But that's another talk show.

In general, just as it's an entirely different virus for people over the age of 70 or people with underlying respiratory illness, this is an entirely different economic implication for a small and medium-sized business.

The big guys are going to have to.

Fair point.

Fair point.

But what about the, lastly, what about the banks asking for relief, this idea that they should have regulation should be lowered, lower capital requirements?

That always makes me nervous.

Interest rates are one thing, you know, to get business, making sure business feels like it can be an investing, but this idea about deregulating banks

in this time, could that lead to further financial crises?

Well, there's two words to describe this.

So the banks have come together through their lobbying organization and said, based on Corona,

we should have the opportunity to deregulate such such that we can be more aggressive around financing certain projects which might

lessen the fallout from the coronavirus.

And I would summarize that entire effort in two words, gross and opportunistic.

It's

the notion of creating, lowering standards such that these companies

can fail certain stress tests.

So they want us to come out of Corona and then perhaps in the midst of a recession or a corporate debt crisis, which a lot of people think might be the next epicenter as opposed to subprime, but the exceptional levels of corporate debt we're at, that the banks are going to be able to get into deeper trouble before they really, really

fuck us all up like they did in 2008.

This is stupid.

It should be this dumb idea should be stopped at the door and say, you know what, that's just kind of gross and self-serving.

Stop it.

They're walking in the coronavirus door trying to do that.

It is kind of gross.

And they shouldn't have lesser

regulatory

in this regard.

I think it's just the wrong place.

This government has done so much deregulation, and you're starting to see the impact of that.

It just seems like COVID should not be the reason they try this.

The big lesson here is we need more regulation, or specifically we need exceptional increase in funding of the CDC.

That's the lesson here.

Yep.

Yep.

It's CDC.

All right.

Facebook is also rethinking Libra to appease regulators.

Their plan for a single-digit currency, let's be fair to say, has not taken off.

They're redesigning it to possibly include several different currencies.

And Bitcoin has also taken a coronavirus hit.

The cryptocurrency trading is below 9,000 for the first time since January.

So that's an interesting trend because you would think cryptocurrencies would do well in the time of virus.

So

you had talked about the idea.

First of all, why is Facebook still at this?

And again, the trust in the company and other things else.

Why are they still at this?

I'm thinking of having David Marcus on the show to talk about this.

And then you mentioned, obviously, Elon Musk was going to design his own coin.

Talk briefly about the coin situation, the cryptocurrency situation.

So I absolutely love Facebook's Libra.

I think it's fantastic.

I love it personally because there's a lesson in here.

And what I tell my students is that...

Oh, well, let me get there.

All right.

So

the best thing that can happen to anybody professionally is success.

You know, success is wonderful.

The second best thing that that can happen, and

as someone who started a lot of businesses, is you fail fast.

You start something, it doesn't work, you get immediate market feedback, it's over, you move on.

I started an e-commerce incubator in 1999.

I raised money from JP Morgan, Goldman, Maveron, all these big players in December of 1999.

Not great timing.

By March of 2000, it was effectively over.

And that was sort of a blessing.

Because if you're going to fail, fail fast.

The worst thing that can happen to an organization or an individual, especially someone someone starting a company, is that you fail slowly.

I started a company called Red Envelope, and we failed slowly over 10 years.

And it's devastating.

Remember Red Envelope?

So anyways,

it gives me a great amount of joy to think that there's just enough success for the people at Facebook to continue to go to work and allocate capital so they can fail slowly.

And that is exactly what I'm hoping happens here.

I thought most likely it was going to fail fast, but in the case of Libra, what we have is a company failing slowly.

And I love the people.

I just love the idea of hundreds or maybe even thousands of people who have made excuses from Mark Zuckerberg and Sheryl Sambur going to work today and that they are absolutely in the midst of an enormously glacier-like failure.

Libra will not happen.

It's just a question of it fails slowly or fast.

They did get a bit of a Botox boost last week and when that Shopify decided to join the consortium, which made no sense to me.

But

this thing will not happen.

It's a great idea, but again, Unfortunately, it's from the good folks at Facebook whose leader puts a piece of tape over his camera and who have control of the media and now want to take control of the economy and then the military and then find out that their very naive sociopath has been the most dangerous man in history.

Well, so therefore, and what about each other?

Too much?

No, too much.

No, you want them to fail slowly.

I love that.

That's like,

just slowly shh over here.

Don't tell them they're failing over to the bottom.

Let them bleed out.

No, they should just stick to their knitting.

I think what you're basically saying is eventually they have to stick to their friggin' knitting.

And the idea that you're successful in one area and that you can move to.

Facebook, keep at it.

It's a great idea for you.

It's definitely going to pay off, Facebook.

And where's your Elon coin?

He tweeted and supported the Minecraft Bitcoin revolution.

Dogecoin.

I wonder if Cheryl Sandberg used Libra on her honeymoon on her engagement.

You know what?

I'm not sure.

She was at refugee camps.

No.

No.

When she was at refugee camps.

Where's your Elon coin?

That's what I want to know.

He was supporting a Bitcoin rival called Dogecoin.

D-Coin.

D-Coin.

I don't know.

You can do it.

It won't be a stable currency, though.

It won't be a basket.

He's more gangster than that and not as thoughtful.

I mean, he's a genius, but I think he'll just, I think if the Tesla stock in any way regresses to some natural level below $100,

he will think of, he could pull off a coin.

He has that same fanaticism following that Bitcoin gets.

So they could absolutely pull off.

I mean, the way you do coins is what Facebook wanted to do.

They wanted to be more.

responsible and have it guaranteed by a basket of currencies as opposed to it being a currency.

It was going to be an asset or something representing a basket of assets that could be tradable and transfer assets.

Whereas Bitcoin is just a currency where two parties agree that something is worth something.

Tesla could effectively do a coin to avoid the SEC.

What you can do is you can say, all right, initially we're launching.

a million coins or a hundred thousand coins and it what this coin does is it puts you first in line yeah you see any tesla product okay and then you can avoid the sec and then it can that's exactly it's the the launch.

You need kind of the launch without,

if it represents ownership in Tesla, then it's subject to SEC regulations.

And Elon doesn't do well with that.

But they could pull it off.

Tesla is one of the few companies in the world that could pull off what I call a non-stable coin, whereas an Amazon would have to go stable and do a

basket of currencies, which requires a lot of

cool.

Just what I want to buy, a non-stable coin.

Unstable coin.

That may not be billed.

Sounds like it's a good thing.

But we have an unstable.

We have a stable genius' resident.

His stock is killing it.

Killing it.

Oh, my God.

Killing it.

That's kind of why I was hoping South by Southwest would be canceled so I wouldn't have to face people where a year ago I said that.

I know you did.

I was going to play it.

They have it all queued up.

In any case, Scott, we have to take a quick break.

We'll be right back with a listener mail and predictions.

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All right, we're back at Pivot with Kara Swisher and Scott Galloway.

We had a few listeners ask us a question about a Jezebel article that investigated how therapy apps like BetterHelp handle user privacy.

As you know, all user data is sensitive, but especially healthcare and mental health data.

So we reached out to Dhruv Merotra to tell us a bit more.

Hi, my name is Dhruv Merotra.

I am an investigative data reporter at Geo Media.

A few weeks ago, Molly Osberg and I put out a story in Jezebel about how online therapy apps are leaking sensitive mental health data to companies like Facebook and MixPanel.

For the story, Molly and I did a week of online therapy with two popular apps, BetterHelp and Talkspace.

In the process, we used software to monitor and track the various third parties that were receiving data about us while we spoke to therapists or filled out intake forms.

The article basically finds that the regulations that safeguard medical data are unprepared to deal with the realities of online advertising.

We reached out to BetterHelp several times and they essentially just told us that this type of behavior is pretty standard practice for measuring engagement and that they aren't collecting personally identifiable information.

However, as an end user, while all of this may be legal, it certainly feels like a deep invasion of privacy.

So the question that I have is this.

What will it take for companies companies like BetterHelp to take this stuff seriously?

All right, there's a lot to unpack here.

Now, full disclosure, again, we BetterHelp advertises with us, but this is a real big problem.

We want to get people, these, I recently talked to the head of Stanford Medical School and other, I'm doing a lot of healthcare related podcasts at Recode Decode.

And one of the things that comes through is,

how do we get these things off the ground?

They really haven't, and a lot of it has to do with HIPAA and privacy.

But at the same time,

people should be able to avail themselves the same way in other areas to these things.

So what, from an advertising perspective, how damaging for people in profitable companies to access this level of personal information?

It depends on how much information they get, whether it's identifiable.

And then what responsibility do therapists have to disclose this type of information to patients?

Well, it's the same tension we're dealing with everywhere, the tension between utility and privacy.

And I've always thought that the real danger is not that you can't trust better health or calm.

I think there's some great online.

I think online could be tremendously powerful as it relates to talk therapy and bringing the cost down and taking the friction out of.

I mean, there's a lot of friction.

If someone's not feeling well and they think I could really use

a certified professional to speak to about some of the, you know, some of the shit that's going on in my head, there's a lot of friction to figure that out.

So the idea of an app that

helps connect you with a licensed professional, I think that's a wonderful unlock.

And the idea, but with something like that, I wonder if you just turn off all targeting and they're not in the data business.

And where my head immediately goes to care is that the reason why Apple is probably, or one of the reasons that Apple is so well positioned to get into healthcare is that they have made some real sacrifices, and some of it's PR, some of it's real, around emphasizing privacy.

But it feels like with something like that, it's a decent idea for these companies just to say, we're just going to shut off all data as it relates to targeting.

We're not selling our data.

We're not using our data.

And we're bringing in these crazy cybersecurity experts to make sure sure that we're not hackable.

Because it's not that these firms

are malicious in terms of their use of the data.

It's the fact that many of them haven't put in place the standards, the requisite standards, to ensure that data isn't weaponized or hacked by someone else.

Aaron Powell, yeah, I think hacking is the other thing.

I mean, what's interesting is, does the government regulate it, especially you want to call it sensitive data, but I think all data is sensitive.

Because as you said, to your point, a few months ago, an article came out saying that several dating apps had released data about things like sexual orientation at third parties.

as you move into these areas, it really does, if there should be two types of ways to handle data, and what's the ethical difference between selling data about the content of messages versus larger metadata,

would you invest in one?

When you invest, how do you think about?

this kind of things.

Because, you know, if something got out in the wild, especially around dating apps or mental health apps or any health apps, but things like that, it starts to get real, children, there's all kinds of areas where it starts to get really problematic for these companies.

And government, this is just the kind of thing government jams in on and does something about.

Yeah, this is sort of a trope event, though.

I think I don't know.

I haven't looked at these companies, so I don't know.

You know, investing is such a your decisions are one, do you like the management team?

Do you, I've always invested behind people, not concepts, because typically a startup changes the concept midstreams, but you still have the same management team.

So you want to invest behind people.

And then you look obviously at the market and the valuation, et cetera.

But this is a space that somebody is going to emerge in this space.

Now, like almost every space online, it will likely, there'll be a lot of innovators and they'll either be acquired or put or have infanticide performed on them and Apple or Google or someone will step in.

But this is, I don't think this is, I don't think this is any reason to avoid these apps.

I don't think it's any reason to avoid investing in them.

I think it's a catalyst and what I would call

almost like a wake-up call for this sector to say we should operate by a different set of standards because our data is so sensitive.

I mean, talk about the CDC.

Google, every major tech company has had their data hacked.

CDC hasn't had their data hacked.

We constantly...

That we know, but go ahead.

Sorry.

Go ahead.

Keep going.

Well, I think that would have gotten out.

But my point is that we constantly talk about the geniuses in Silicon Valley and how stupid the government is.

Meanwhile, the CDC has the most sensitive information in the world, and they have put in place the requisite safeguards because they're not a for-profit company to ensure that the most, arguably, the most sensitive data in the world is kept private.

So I think it's a wake-up call for the health guys.

I don't know the company that advertises with us, but I think this is an exciting field and could be a huge unlock that is both profitable and really, really wonderful for society.

We've talked a lot about mental health.

I think mental health, just as cancer has become, I think one of the reasons that we found that cancer is now more curable, that the survival rates have gone above 50%, in addition to incredible research and funding.

A lot of it is societal, and that is cancer used to be something you didn't talk about.

It was almost like there was something wrong with you.

People were very hush-hush about it.

Women didn't talk about female cancers.

Men didn't talk about prostate cancer.

And just having it come into the dialogue and speaking openly and honestly about it leads to early detection.

I think the next big unlock from a societal dialogue standpoint is mental illness.

which touches everyday life at some point.

Have you ever used any of these?

I've used the Calm and the meditation apps, but you haven't used any of these.

You know what, though?

I did a podcast with Sam Harris last week.

Yes.

How did that go?

He's groovy.

He's very like calming and nice.

And the guy has incredible, the thing that struck me about him, he has incredible range.

He knows, you know how some people know a lot about one subject or very little about everything?

He seemed to know a lot about a lot of different subjects.

I felt like I was talking to someone who knew more about this subject on anything I brought up.

And he also has that kind of dreaming, calming voice where you just want to put your head on his shoulder and have him pet you.

He doesn't resist his spirit.

He is very calming.

But I liked it.

But anyways, he brought up, I said in the last half of the show, because he's very into meditation.

I was very, you know, fairly open with him.

I said, let me flip the script here.

I struggle with anger and kind of mild depression, and I want to understand how meditation can help my blessings foot to my mood more regularly.

And he went into, he talked a lot about it.

He's very thoughtful.

He's the kind of, I think, he's the kind of guy that could start a podcast or a meditation app, and I think it would do pretty well.

The other thing that's interesting about Sam Harris that you and I should be thinking about is he's been quite successful putting his content behind a wall.

And that is, we did a two-hour podcast, and the first hour is free

or penance for some people.

And then he stops it in an hour and he says, if you want to listen to the full thing, make sure you subscribe.

And he charges people five bucks a month.

And my understanding is he has a lot of subscribers.

Wow.

We could go on.

Lots of people do.

There you go.

Send it to an enemy.

Send it to an enemy.

That's interesting.

But anyway, C is, yeah, what do you think?

Have you, what do you think of these?

I don't use them because I worry about the data implications.

I mean, I have no mental health problems, as you know, Scott.

I have completely actualized.

Someone said that to me.

Someone literally said that to me last night.

They were like, I said I was happy.

Someone was, I was at a dinner thing and they're like, no, you're not happy.

I go, no, I'm pretty happy.

I'm very happy.

And they're like, well, no, you don't know that you're not unhappy.

I go, no, I'm really happy.

I don't know what to tell you.

And they said, you can't say that.

I go, I'm pretty pretty happy.

And then again, last night, someone said, you're fully actualized, which is really interesting.

So I might not use it because I don't really have, I don't feel, I really do feel very happy.

But here's the deal.

I would worry about the data.

I just don't, I don't know who they are, if they're going to close, whether it's BetterHelp or talk, whatever the other one is.

I just don't know what's going to happen to them.

And I just had this issue around 23 in me where I was one of the first people to use it because we showed it off at one of our early all things Ds.

And they have all my genetic data.

And just recently, they've done some layoffs.

And I think they're fully committed to keeping the stuff safe.

But then I'm like, oh my God, I better destroy it.

Like, you know what I mean?

Like, my data's out there.

And, like, what?

What was I thinking?

Because it's out there.

I don't know.

Word's going to get out that at some point in the future.

You're going to be short with great hair.

Or like clear.

I just recently have started to think, like, they have my eye thing.

And then I'm like, you know what?

I'm just fucked if

a crazy jet throat.

It's too late to find me.

Get the cats out of the bag.

But let me ask you this.

My genetic history is I am German and Italian, which means I'm smart enough to know that I'm fucked up, but too lazy to do anything about it.

Is that racist?

Is that racist?

I don't even want to know.

Is that racist?

Yes, sure.

Yeah, go ahead.

Okay.

Anyways,

that's my genealogy joke.

All right.

23.

Your genealogy jokes need some work.

But go ahead.

I did 23 of me and it said I was going to have to pee five times tonight

when I was sleeping.

Yeah.

I know that's a problem for you aged people.

So anyway, I just worry about

the thing and the trust in these companies.

And again, there's so much data out there, but these particular, particularly sensitive data, mental health, health data, dating data, genetic data, there's got to be a different, like, there's some, and just today, there was an amazing story on the New York Times by Kashmir Hill, I think is one of the best reporters out there on these issues, is this facial recognition company, Clearview.

You know, that they handed it out to their investors, including Ashton Kutcher had it, and they were showing it off, like that you could put it up.

Like it was supposedly, they're giving the view out that they're only giving it to law enforcement people.

But actually, like Ashton Kutcher is walking, and the guy who runs Gerstides is walking around, and his daughter came in, and she, he checked the facial recognition of her date.

And so that's the, I'm like, are you freaking kidding me?

You see how these things go.

And so that's.

But is it, it's just, isn't it, I didn't know how

to do this guy and Ashton Kutcher.

What?

Is that, is that, isn't that just Googling someone and taking it to the camera?

Yes, well, that's what Clearview is saying.

You can just Google some.

But this case, you put the camera in front of someone and you could get all their information.

So yeah, it's like a super Google, really.

But it takes it one step further because he didn't know his name.

And so instead of asking the daughter the name of the date so he could search for them and stalk them online, he just had the waiter take a picture and did it.

And then it's a party trick for some of these people.

But it's still like, it's just, I don't know.

I just

want to say that.

You've always said this.

Look, institutions matter, and I think we're all looking for guidance around this.

And there's a wisdom of crowds, and we elect officials, and the idea of the word liberal and the term liberal democracy is that we insert institutions to slow down, so our fast-move thinking moves to slow thinking, the total kahneman.

And then we think, all right, what components of data, where does the data versus utility versus versus something scary or violation of your property, what's the intersection of that?

And how do we create laws or how do we create, quite frankly, liabilities such that if a company ends up doing something wrong, they can get sued and they get more careful about it.

But it feels like there's an absence of institutions or institutions haven't caught up with the age.

All right.

We're good.

You're absolutely right.

That's very wise, Scott Galloway.

It's very wise.

Oh, yeah.

It's because you've been meditating on the app.

So predictions.

We don't have wins and fails today.

So

I'm going to force your prediction in a certain way.

You may have a different one.

But where is Elizabeth Warren does not endorse anybody, and there's a question whether she should be Senate majority leader if the Democratics win.

Which one will she go to if she makes an endorsement?

The fact that she's not making endorsement tells me bad things for Bernie Sanders, because that's where she would naturally go.

Oh, 100%.

100%.

What happens with her?

Because she's going to be a big player, I think, here.

So let me, I get more than my fair share of predictions right about business.

I get more than wrong about politics.

I'm clearly in a bubble and don't know what's going on.

But I think just in terms of game theory, the fact that she didn't immediately come out and endorse Sanders means she's seen the tea leaves and recognizes that Sanders is not going to win.

And she's either holding onto her cards for a later endorsement for Biden.

But you know what would be a pretty interesting ticket?

Is Biden Sanders would take the moderate and then probably do some sort of, I mean, let's be honest, Elizabeth Warren is sort of in some ways non-carbonated or in some ways the more effective Bernie Sanders.

She's actually passed legislation, whereas Bernie just rants and raves and has passed five bills, including two to put post offices in Vermont.

Yeah, there's a great legislator.

Anyways,

she is, the only prediction I'll have around that, I don't know, she's not going to endorse Sanders because I think these people are all very power hungry.

I think they're all very strategic.

And that would be her.

She had that kerfuffle with him over women, whether women could be president.

Remember, you don't remember that when they had the little fight at the time.

Yeah, I think they're all hornier for power than they are around

than they are being easily offended.

I think she's going to go with the winner right now.

Joe has so much momentum.

Momentum.

And all of that, I mean, what do you think?

A Biden-Warden ticket would be pretty interesting.

It would really consolidate.

It's very East Coast.

It's very East Coast.

The BP is supposed to be the attack dog, and she is.

No one's better than her.

Her with Pence.

Oh my God, Herwood Pence would be like, I would pay $150 to watch that card.

Who would you rather be on your softball team or be arm to arm with you in legislation?

Your friend Bloomberg.

She took down your candidate, Bloomberg.

Who would you rather have on your side or be more or have all the blood draw out of your face when you see she's on the other side than Senator Warren?

She's a fantastic all ally and a fierce enemy.

Yeah, that could be interesting.

Also, Klobuchar is another possible VP choice for him.

So is Kamala Harris, Stacey Abrams.

You mean the ruthless real estate realtor, Amy Klobuchar?

Anyway, give me a business prediction.

Then we got to go.

All right.

I just want to do a quick fail, though.

Right.

Okay, fail.

The Fed cutting its interest rates.

That's just so stupid.

You know what?

You have those moments that occasionally just sort of embody what America is about.

It's good and it's bad.

With coronavirus, the majority of government actions nations around the world is to figure out a way to manufacture and distribute free.

And get people tested.

Yep.

Our reaction is to cut interest rates.

Of course.

That's it.

That's because that's Trump.

Because they're worried about dealing with Trump.

Yep.

I like Jay-Powell.

I'd like to think he was not going to be bullied.

He's clearly being bullied and slapped around by Trump.

That was, we cut interest rates.

That just makes sense.

I thought that.

And the market saw right through that.

It was down 750 points that day.

Anyways, my prediction, because we weren't making predictions, my prediction is I'm doubling down on this.

Three days ago, I said that Twitter was going to come to an agreement with activists, investors and give it board seats within 10 days.

We're three days in there or something within the next seven days.

And within 30 days, now it's 27 days.

The part-time CEO from Africa is going to step down.

So I'm doubling down on my prediction that board seats to activists and Jack Dorsey

is going to find a lot of time to be a full-time CEO somewhere or do interesting things in Africa.

I wrote a column based on you, like a concept.

I wrote a little bit more about that.

Is it called sexy?

No.

Was it called the sexy professional?

No, I was like, let's focus on the money here.

This is a business.

And also, that, you know, I compared him because Elon Musk, you know, sent out a signal.

I read that tweet.

I actually read that.

And I thought the tweet was interesting.

And I was like, look, Elon was in a situation not unlike this, a problem a year ago.

And he's just pushed his, he just willed himself out of it by like putting his shoulder down and sheer will, sheer bravado, bravado, excuse me.

And it, you know, it's interesting that his stock, of course, went from 200 to 700.

And then this one is, you know, has been bumping along, bumping along in lots of ways.

So, you know, one of the things I would agree with you, I think this is, I think he's cornered by these people and he doesn't have, and I have to say, I got a lot of reaction to it by people who thought.

And then someone was like, well, who could be better than Jack?

You know, the founder is everything crew.

And again, I have a lot of regard for Jack Dorsey, but I made a list without even trying last night, like sitting like, I was like sitting in a bed and I was like, Kevin Sistrum, Mike Kreaser, Adam Bain,

Shelby Bonnie.

Shelby Bonney,

sort of a dark horse kind of guy.

He's run a lot of companies.

Susan Wojewski, Brad Smith, Chris Cox, Jeff Weiner, Sridhar

Ramswani from Google.

Like I literally just thought of those at the top of my head.

Wow.

That's impressive.

Well done.

Thoughts.

If you need any help, I made a list.

So

you think it's quicker than that?

And how does that happen?

Because everyone was writing.

Can you just quickly explain this?

Someone's like, they only have 4%.

Why do they get to decide?

Explain for the people why they get to decide.

So right now, they're contacting other shareholders, institutions, and saying, okay, we believe there should be a full-time CEO.

What do you think?

And pretty much everybody, other shareholder, at least that I've spoken with, has said, has nodded their head and said, yeah, if the stock had skyrocketed like...

like Tesla, we'd put up with this nonsense.

But you can't be both in Africa and part-time and have the stock go nowhere.

You just can't.

That's a bad cocktail that investors don't like.

And so these guys are going to basically file a proxy.

They've gone to shareholders and they're going to seek board seats.

Only three come due because Twitter has what's called a weapon of mass entrenchment, and that is they have a staggered board.

The full board isn't up for election every year, only a certain number of the seats, in this case, three.

They'll nominate four such that in case one drops out or one of the board members on Twitter steps down, they're kind of ready to go.

But right now, what you have is shareholders lining up behind Elliott and then calling Twitter's board and saying, hey, just FYI, we've lined up behind this guy.

And once Twitter's board realizes, and it's probably happened 48 hours ago, that they're going to lose at the annual meeting, that rather than go through that humiliation, they're going to go back and say, we'll give you one seat.

And then Elliot's going to say, no, and they'll say that Twitter will go two seats.

And then Elliot's going to say, no, we want all three seats.

And then they're going to call Jack and say, Jack, we have to give up seats.

We're in a corner.

And then Jack's going to say, I'm stepping down.

This is how it looks like.

So what if they give up three seats and then Jack doesn't step down?

Well, the board, oh, there's no way.

Jack, well, the first board meeting will be a shit show.

The first board meeting will be all.

Still not enough, though, to vote him out, right?

There could be three.

Well, he's done.

If they get three seats, if they get three seats, Jack Dorsey doesn't want to show up to a board meeting that there's three new board members based on one thing, and that is that the CEO

should leave.

He's not, I don't think he's that, I don't think he's that antagonistic or arrogant and all of that.

And then he's going to say, and by the way, we have to schedule the board meetings during the morning because I'm gone in afternoons.

It's just, he's done.

He's absolutely, this is dead man walking.

How could he resist?

If you were him, if you were advising him, how could he resist?

I would create a sideshow.

I don't know if you saw it today, but they announced a new flea product, which is a big distraction.

I would try and turn it off.

Which is a copy of

something everyone else has been doing.

I would say, oh, this is, I would try and plant stories that this is a Republican conspiracy.

I wrote that.

I would try and find people in the organization to say, I've even seen some Twitter volume that Jack was progressive and that this is I would just try and create a series of sideshows

and hope to God that the stock begins to skyrocket or something but which he's not going to do right now in the middle of coronavirus but go ahead there's no reason for it

I think this is over I just think it's over so it's

going to be something to hold on to his job from your perspective well even okay so what if you came back well just but just just let's he could say I'm going to be there full time he could say I'm going to be there full time I'm sorry you're right but but but the the

the analogy I use when I talk to investors or people about this, it's like, imagine Twitter's next CEO, and you've rattled off a series of people.

What if the CEO showed up for the interview and said, and interviewed, and they said, you're amazing.

Let's assume Jack Dorsey is amazing and you're incredible product development.

And you maybe were involved near the founding of the company as Adam Bain or Dick Costala.

And they said, okay, I want the job, but here's the thing.

I don't want to give up my CEO position at the job I have now.

Would that be a deal killer?

My guess is it would be.

And then if they said, okay, we can get past that because you're just so amazing.

And he said, well, okay, in addition to keeping my job.

I get it.

What if he says, I'm going to, I get that.

It's like he shouldn't be a halftime CEO.

I think I've said this dozens of times.

So what could he do?

If he said, I'm going to be full-time.

I'm going to be full-time.

I'm going to put my shoulder.

It's a very Elon Musk thing to do.

That's what Elon did.

Like, I'm going to put my shoulder in.

I'm going to be 24-7.

I'm going to get this thing out.

I'm going to get this amazing product.

Because I'll tell you what, both of them share.

Whatever you think of Jack Dorsey, he's created two amazing products.

He is responsible for that.

Incredible.

Both of them.

Incredible.

Elon Musk is an incredible product guy, like like really visionary.

Genius.

What if he says, that's what they share and that's why they, one of the reasons they like each other, I think, is the real deal in terms of product creation.

So what if he says, I'm going to, I'm going to fix this.

I'm going to focus on product.

I'm going to just be here all the time.

I'm going to be all over this.

Like, I'm just going to be all over this.

Although he's not quite the intense person that Elon is.

Okay, so that'd be one way that the investors might go, I think once investors decide that they want him out, which they basically are deciding if they put an Elliott, I think it's going to be hard for them to backtrack.

And the question then becomes, well, it took an activist and the threat of you being fired for you to decide to do this.

And not only that, I don't think he's going to do it, Karen, because 89% of his wealth is at his afternoon job.

So, and it appears to me that Twitter is really a hobby for him.

It's golf.

He loves it and he's passionate about it, but it's not where he makes his money.

He makes his money at his afternoon job.

He's got quite a bunch of executives over at the other company, though.

I'll tell you that.

They're great.

I think they're going to start a bank.

That thing is killing it.

Like, I think he does have executives who could be CEO there, by the way.

So, then, then, then, the play, okay.

So, that the only path, and I still think it's probably less.

And he tweets it: I will stay here full-time if LA.

I'm in full-time, and I've canceled my plans to go to Africa.

Yes, I get it.

I've heard, I hear, I hear what you say.

I've heard but why does he need that shit?

He's worth several billion dollars, he's clearly passionate about crypto, which foots to Square, not to Twitter.

He wants to go to Africa.

It's just, I just don't see him doing this, and then and then that would be real, what I would call loss of face.

If his investors go, you know what, boss, it took you too long to figure this out.

You're done.

I'm saying that's the move for him.

That's the move.

That thing is.

You think that would save you?

Elliot would have a hard press because he's very well respected.

If he says, I'm going to, he's not just anyway.

I think what's interesting is nobody of the Square show holders are upset about this, right?

Because do we?

Well, why, though?

It's because the stock's up.

It all comes down to the star.

You can show up in a pink dress and a tinfoil foil on your head as long as you're

and put and then say, I'm going to put cure death or put a man on Mars or whatever it is, these crazy, or I'm going to build a clock that lasts 10,000 years.

Just go figure that.

But that's fine.

And I'm showing up at the Academy Awards and sending out dick pics.

That's fine as long as your stock keeps going up.

That's it.

If your stock goes sideways and you're part-time CEO, people actually start.

People start calling irrational, unacceptable behavior irrational and unacceptable when your stock goes.

Agreed.

Okay.

All right.

So that's it.

But I think that's the move.

That's the gangster move he does, speaking of gangster moves.

All right.

So your prediction is that I think he might do something left field.

I got to tell you.

All right.

I'm going to go on the other side.

You're taking the other side of this.

I'm not taking the other side of it.

I'm saying he could do something, and I would love to see it.

I'd love to see him tweet it out.

Like, because he's done that.

Look, he did that.

He's, he's, he's capable of that.

You know, like, screw these assholes.

They're not taking away my company.

That kind of thing.

I'm just saying.

I'm just saying.

And he's got a lot of.

He's the kind of guy.

I think he goes, I think the new CEO, first off, needs to go on an all-lemon diet for seven days just to be like Jack.

We're going to get it.

But it strikes me, a guy who goes on, I don't know, a guy who goes on silent treats to Myanmar strikes me as groovy and tone deaf at the same time.

I know.

I think he's probably going to say, I don't want to, I love this company.

I can tell you what I would do if I were advising.

I would say, I love this company.

I'm proud of the progress we've made.

I don't want to be a distraction.

I've asked to stay on the board and help out here.

I understand their concerns.

I love Twitter more than I love

clinging to power.

I got the last thing I'd say about that.

He was kicked out last time, right?

He was kicked out last time.

Is that right?

I didn't know that.

Wait, he's come back twice now.

This is the would be the twice.

This would be, he was kicked out once, and this would be a two-kick out.

And I think that's a strong reason to not want to be kicked out.

That is all I'm saying.

There's history here.

So we'll see.

You know, and he came back, you know, victorious kind of thing.

In any case, he's a very, look, whatever you think of Jack Dorsey, he is the real deal.

He should start a podcast.

That's what he should do.

No, a meditation podcast.

Anyway, and then we'll steal his information and then use it for nefarious purposes.

Perfect.

All right.

Before we go, one of our listeners asked, We bring back our moments of optimism.

Do you have a piece of happiness you'd like to share in these dark times, Scott?

Very briefly, please.

A piece of happiness

besides our fantastic relationship.

I think that

as we're thinking about risks, I think life is a function of risks and relationships.

And when I think about getting on planes and I think about the places I am most, have been most scared and I'm a neurotic person.

It's all about trying to get home to see the people I love.

And those are enormous risks worth taking.

And I think it's, if you can think about the risks you take to get home, I don't know about other people, but I travel a lot and I find that my heart swells as I'm headed home.

Whenever I get on that last plane home, and it's just worth so much risk to be around people you love and cement those relationships because it is going fast and that's what it's all about.

So the one risk always worth taking is getting home to your family, even if it means being in a steel tube with recirculated air.

Oh my goodness.

That is lovely.

I was going to say that too.

I got home yesterday.

Actually, Eric Anderson was with me.

I got home yesterday and I walked upstairs and my new child

was sleeping.

My baby was sleeping.

And she woke up and looked up at me and smiled the best smile.

It It was a wonderful moment.

It was like,

and she recognized me.

That was great because I was gone several months, like gone a week and a half.

So that was nice that she recognized me, which I was worried about the possibility that that not happening.

But it was a lovely moment.

You're right, Scott.

You know what?

We are of one mind on this issue.

Anyway, we love our families.

Anyway, and we also love your questions.

If you have a question about a story you're hearing in the news, email us at pivot at voxmedia.com to be featured on the show.

And Scott, make the big announcement.

What are we starting next week?

Scott, you can't.

I am literally flummish.

I don't know what you're talking about.

We are starting a YouTube channel.

So you're going to see Scottish.

What a thrill.

What a thrill.

I am telling you this video.

Faces for radio on television.

No, we're going to, you wanted this.

Give me a break.

It was your idea.

And we're going to be.

I'm wearing midriffs.

I'm wearing midriffs.

Actualizing your idea.

Check us out at youtube.com slash pivot.

And listen, think of ideas.

The people do the hot chicken eating with our guests.

What do you want us to do?

Send us something on Twitter.

What is the the weird thing you want us to do every week?

I am so wearing a thong.

You're not wearing a thong.

It's time.

It's time.

It is so time.

It is so not time for your thong.

It is so time.

It's time for the world to see my back fat.

But you go to the market.

It's time.

You want to wear wigs.

I heard you wanted to wear wigs.

Oh, that's a given.

No, that is such a given.

God, Scott.

Oh, my God.

Imagine, like, I'm like Brad Pitt.

I like to take my shirt off.

Just imagine minus all the good looks.

But it is so Brad Pitt on YouTube.

I'm going to get high and pick off my shirt a lot.

All right.

I think Chipotle has to be there.

I would rather not see Cialis.

Those are table stakes.

All right.

You're talking A, B, and C.

We've got to talk about RS.

Nonetheless, in living color will be brought to you, Scott Galloway and Kara Swisher.

We are sometime, I think we're in the same place, too.

That's even better.

Next week.

It's a thrill.

It's going to be a thrill.

By the way, at South by Southwest, just for a public health service announcement and to reduce fear, I think you and I

should have Anand and AOC on stage, and everyone should make out with the other, just for public health reasons.

We have an obligation to do this, Kara.

This is not a correct workplace discussion to be having.

Let me just say.

Oh, my gosh.

Those scores, those scorches.

Youtube.com slash pivot.

Scott, read us out on the credits.

See us next week in Living Color.

Kara and Scott, you love our voices.

You love us on the show.

Now you get to see us.

Scott, credits, please.

Today's producer is Rebecca Sonanis.

Our executive producer is Erica Anderson.

Special thanks to Drew Burroughs and Rebecca Castro.

If you like what you heard, please download the podcast, send us an email, write a review.

Love your family.

This is what it's all about.

This is finite.

This is finite.

It's all about the depth and meaning of your relationships.

And no one's going to love you the way people unfortunately stuck with you.

Whose family?

People that otherwise wouldn't hang out with you.

Love those people and love them back.

That's the big unlock.

We'll see you next week for a breakdown of all things tech and business.