$100 Million on the Line: Americans Betting Big on the Presidential Election

Speaker 1 This is right about now with Ryan Alford, a Radcast Network Production.

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Speaker 2 What's up, guys? Welcome. It's right about now.
It's our weekly business news of the week here on November 1st, 2024.

Speaker 2 One week to election day, or I think, or three days to election day. What is it?

Speaker 2 However it is, it can't happen soon enough. Here as we enter November, there's all kinds of sayings for November, guys.
I know there's like multiple

Speaker 3 shave November.

Speaker 2 No shave November. There's another one.
What's the other one? I don't really want to.

Speaker 2 I don't really want to partake in it

Speaker 2 if it's what I think it is. But nonetheless, Chris, what's up, brother?

Speaker 2 What's up, bro? How you doing? I'm good, ma'am. Hopping from one to the next and having my tasty kombucha

Speaker 2 here this morning. The sawgirl said, No way I'm drinking kombucha.

Speaker 2 Tasty. It's tasty.
Yeah.

Speaker 2 Brianna, what's up?

Speaker 3 I am doing great. I just read what the other November challenge is, and I'm not saying it out loud.

Speaker 2 You didn't know what Chris and I were talking about.

Speaker 3 I had no idea. I was like, what is it?

Speaker 2 So I'm like, I don't even want to say it. I don't want to partake.

Speaker 2 You guys can Google it. It's a new challenge for your husband, Brianna.

Speaker 3 Nope.

Speaker 2 Let's just say it's triple N's. It's a quick no.

Speaker 2 Yeah. Triple N's.

Speaker 2 Is that right? Am I doing my

Speaker 2 same thing? So

Speaker 2 we're going to be like the anti triple N year

Speaker 2 right about now. When everybody else goes left, we go right.

Speaker 3 We don't recommend the NNN challenge.

Speaker 2 Yeah, no, it's not

Speaker 2 an election year.

Speaker 2 Oh,

Speaker 2 here we are. End of November.
Got two months left.

Speaker 2 My wife is already starting to decorate for holidays for like Christmas. She decorates for Christmas before Thanksgiving.
She's one of those. Oh my gosh, no.

Speaker 3 December 1st is it. I can't take it much longer than one month.

Speaker 2 Yeah, it's a thing.

Speaker 2 But she likes to get it done. I can't fault her for the fact that she likes to kind of get it over with and to enjoy it longer because it's a lot of work.

Speaker 2 I mean, there's a lot of with all the shit we have, like seven Christmas trees.

Speaker 2 Seven. Like some of them the miniature, like, you know, five-foot kind,

Speaker 2 but two or three of the big daddies. It's a thing.
I was

Speaker 3 telling the team this morning that we have a house Christmas tree and then we have a to-go Christmas tree because for the last three years we've done Airbnb for Christmas. So we like to go somewhere.

Speaker 3 So we take the to-go tree to the Airbnb and set it up. But then we also have like our main 30-day Christmas tree.

Speaker 2 My dad developed a concept. My dad's a creative guy.
He's like a master carpenter or general contractor. And he developed a concept that was kind of like a roll-up tree that went.

Speaker 2 flat against the wall. Like it was tall.
It was a triangle like the tree and it had decorations on it, but it kind kind of rolled out on the wall.

Speaker 2 Yeah, it had lights on or whatever on the back, yeah,

Speaker 2 flat on the back,

Speaker 2 flush. He was like,

Speaker 2 Yeah, he's like, This is a billion-dollar idea, but I know execution is everything, and he never. But I thought I kind of laughed it when I was a kid because he's had this for like 30 years.

Speaker 2 Um, but now

Speaker 2 I don't know that that's a bad idea. Yeah, I like that idea for like single people, especially easy or just you know you roll it out, baby.

Speaker 3 We are are like, go cut down your Christmas tree in the National Forest, family. I don't know.

Speaker 2 I've been trying to figure out where in South Carolina we're going to be able to do it. Roseball style.

Speaker 3 Yeah, because we, in California, we have the Tahoe National Forest. So it's like 10 bucks.
Get a permit online and you go out and you cut down a tree.

Speaker 2 Look at us jumping straight to Christmas here.

Speaker 2 Nicole will be proud. We skipped right over Thanksgiving and Black Friday and all that stuff went straight to it.

Speaker 2 But, you know, I think it's anything to not talk about elections and everything else. So we'll see.
We're behind this.

Speaker 3 We purposefully have a very limited amount of presidential coverage on the news today.

Speaker 2 I know. I barely have enough energy to talk about it.
But the only reason, you know why I do have energy? Because before I got this healthy kombucha, I had my ex

Speaker 2 exponent.

Speaker 2 Powers the podcast. Yeah, that's the only way you have energy.
You look, it's been a long election year. Look, long season.
This is the reason for the season is exponent.

Speaker 2 That's what I'm talking about. Anyway, they are the official energy drink provider.
They get us through the holidays.

Speaker 2 They get us through these episodes where we get tired of talking about, you know, two

Speaker 2 candidates battling each other out here. You know, one of these is going to get the belt.
We're not going to send them this one, but one of them is.

Speaker 2 But who gets the belt every time is Exponent, the official energy drink of right about now. And Ryan Offord keeping me pumped up.
I had six before the show. I'm ready.
I'm kidding. Don't drink six.

Speaker 2 I did have a couple. And I'm good to go.
We appreciate Exponent. One of our newest sponsors here, Powering Right About Now, and keeping yours truly.
Eyes wide open.

Speaker 2 Thanks to them. Go check them out.
Exponent Energy. Drink Exponent on Instagram,

Speaker 2 drink exponent.com. That's EXP.
But they got the big X. X marks the spot for energy.
Appreciate them.

Speaker 2 I got right to it.

Speaker 3 Yeah, speaking of drinks, we have on the docket for the news today Mountain Dew doing a rebrand, and I dropped a little image there for you guys to check it out.

Speaker 3 So their rebrand in 2009, what we heard was that it kind of was a little bit childish and kind of aimed at like your kids' age group, that demographic.

Speaker 3 And so they're trying to kind of do a little like vintage thing here with the 2025 rebrand it's got the word mountain it was abbreviated before now the whole word's back

Speaker 2 oh it's the old logo change for iconic brand i could see them in the boardroom all right sales are slumping a little bit I was thinking about, you know, an influencer campaign.

Speaker 2 No, let's redo the logo.

Speaker 2 Magic. There it is.

Speaker 2 I do like, hey, go back to your roots. Go back to the...
I still like do the do. You know, that was the tagline back in the day.
And the previous logo is kind of like that Batman, like shattered, bam.

Speaker 2 Yeah. Now it's like back to the glowing for the mountains.

Speaker 3 I like it. I think it's a vibe.

Speaker 2 I think it's cool. It's just.

Speaker 2 It reminds me of Irish Spring. Yeah.
Yeah.

Speaker 2 I was going to say it feels familiar. Yeah.

Speaker 2 I don't know why that's like jumping at me for some reason, but that should be a mashup, a brand mashup. Do the do while you're doing the do, like watching.
Do the do in Ireland with our soap.

Speaker 2 Hey, that's pretty good. Irish accent from Chris.
I think Irish accents. I didn't know you had it in you.
I like that.

Speaker 2 Can you talk the whole episode that way?

Speaker 2 I can try, but it would be a struggle.

Speaker 3 Yeah, so Irish Springs old packaging looked very similar, but they have since also rebranded.

Speaker 2 Man, I guess soap sales are slumming it too. Yeah.
Yeah.

Speaker 3 Yep.

Speaker 2 I will say

Speaker 2 of all the sodas, being an energy drink guy, being an exponent energy drink guy, you know, like, I got to feel something.

Speaker 2 Of all the sodas that I actually feel like I feel the caffeine, Mountain Dew is one of them. You drink like three diet Mountain Dews?

Speaker 2 Pretty good.

Speaker 3 I drink a Mountain Dew and I feel like the, I feel like when I'm drinking it and it's like that bright color, you know, it's all artificial.

Speaker 3 It makes me feel like I'm going to get like the teenage mutant ninja turtles or something.

Speaker 2 Neon. Yeah.

Speaker 2 What's so funny is yellow number five. Yeah.

Speaker 2 Oh boy. And look, you know, that's what's so funny.
They're going back to the mountains, which, you know, it kind of instills this natural, like whatever. Is there a more, is there a more sort of

Speaker 2 artificial flavor? Yeah, dude. I'm like, did they switch to cane sugar and not corn syrup with the the rebrand?

Speaker 2 Because I'm thinking people are cutting down because of health reasons, not the branding. Yeah, yeah.
That mountain's not full of anybody. Maybe that mountain do zero.
I don't know, but do the do.

Speaker 2 And I do think that I can't help but think that like traditional soda is hurting a little bit with the fight against sugar and everything.

Speaker 2 I think that's why Coke Zero, Coca-Cola's, I mean, they're spitting bukus on Coke Zero everywhere.

Speaker 2 If you see, I can't remember actually the last time I saw a Coke original commercial versus a Zero, Coke Zero Zero commercial. I see a lot of it.
It is because it's funny you say this.

Speaker 2 In the package room this morning, younger guy is probably 25. He was talking about, oh, yeah, I quit drinking regular soda.
I used to trash diet soda.

Speaker 2 Now I only drink diet because I'm trying to be healthier.

Speaker 2 And I'm like, all right.

Speaker 2 Drink some water.

Speaker 2 That too.

Speaker 2 Yeah.

Speaker 3 I just can't put that sentence together. I'm trying to be healthier, so I switched to diet soda.
Like maybe switch to iced tea.

Speaker 2 Baby steps. Yeah.

Speaker 2 Okay, okay.

Speaker 3 I'm not really a soda drinker. I'm a LaCroix girl through and through.

Speaker 2 I can't, I got to have a little sweetness in my, like LaCroix doesn't have it. It's just fizzy water with a flavor.

Speaker 2 I don't have water.

Speaker 3 It's naturally. I'll tell you what.

Speaker 2 LMNT that the electrolyte drinks, they just came out with a canned sparkling electrolyte drink.

Speaker 2 That's kind of been a good little soda replacement for me. There you go.
To try it.

Speaker 2 I replaced my soda with soda.

Speaker 2 The Coke Zero. I posted that.
We talked about it a couple weeks ago. Cherry Coke Zero.

Speaker 2 You replace your soda with an energy drink. Yeah, that's true.
That's true. Or kombucha.

Speaker 3 My thing is this. I would rather.

Speaker 2 I'm going to

Speaker 2 just tell everyone it's a Bud Light.

Speaker 2 Have an abud light. It's fuzzing.
It's fizzing. It's not Bud Light.
I swear.

Speaker 2 It's not out of the question that it could be, but it is not today.

Speaker 3 We did just refill the cake.

Speaker 2 Yeah, that's not it, though.

Speaker 3 If I'm going to drink my calories, I'm going to drink them in a craft beer or a glass of wine. Yeah.

Speaker 2 Or milk cake. I agree.
That's why I went to zero.

Speaker 2 Like, zero has zero calories. I know it's unique the chemicals that are unhealthy.
I've cut back. I don't need the lesson.

Speaker 2 However, if you're going to drink a soda, I can't help but think that zero is better than none of it than a sugared one up.

Speaker 2 Like, they both have the chemicals that are nasty, but at least one doesn't have 180 calories and four tablespoons or like, what, a pile of sugar this high or something? Yeah.

Speaker 2 So there's a reason to drink exponent. They got zero, no adaptogens.
No, or they have adaptogens, but no bad stuff. I'm staring at the can.
They're getting bonus.

Speaker 2 You know, I love these guys, but they're getting bonus today because it fits in. Play up powered.
Yes. They got none of the bad stuff, all the good stuff.

Speaker 3 Those things are amazing.

Speaker 3 I've been drinking one in the afternoon, and I feel like I have gotten so much more productive, like end of day, 2 to 4 p.m., cranking stuff out i'm just getting this perfect to not bother sawyer

Speaker 2 yes i got a thumbs up we got perfect synergy here on the set and i don't want to disturb the chi

Speaker 2 or sawyer so yeah i agree so enough enough exponent we love them you know it go check them out but here's the deal brands do this all the time and they think all right the logo change and and it it it gives it a fresh little pop it gives you some some news It's kind of more of a PR play.

Speaker 2 I don't think they're going to fool anybody into thinking this is truly natural mountain dew. Mountain Spring.
But, you know, I do like the Chris's comparison to Irish Spring.

Speaker 2 That'd be a good brand mashup of sorts.

Speaker 3 And in addition, we have one more marketing news coming to you guys today, and that is Goldfish Crackers has done a limited edition where they release, it's the same, the same cracker, goldfish as you know and love them, but they are called Chilean sea bass.

Speaker 3 And it says their whole marketing campaign is adult-sounding name, same goldfish taste.

Speaker 2 So it's not actually flavored Chilean sea bass.

Speaker 3 It's just called Chilean sea bass, and they are sold out. They sold out like immediately.

Speaker 3 You can't even get them anymore.

Speaker 2 I mean, people will go to anything.

Speaker 2 I was, that's what I was going to say. Let's have some collectors or something, yeah.
And then it's like, I mean, you're going to have that bag of crackers that go stale.

Speaker 2 Like, that tastes just like a regular taste.

Speaker 2 30 years ago, when these came out,

Speaker 2 then it's going to be on that show where they eat stuff, you know, on YouTube. Like, they eat stuff that's like 50 years old or something.
They open it up to see if it's any good.

Speaker 2 It's pretty, my kids watch that. I'm watching it.
It's pretty fascinating. They got like one of those cake, you remember those old cake makers? The little, you make bake, little baked cakes.

Speaker 2 Like an easy bake oven. Easy bake oven.
Yes. They were making one from like 1960.

Speaker 2 It didn't go over well.

Speaker 3 I had an easy bake oven.

Speaker 2 Easy bake. I'm sure you did.
I did.

Speaker 2 Little baker.

Speaker 3 My very first job was being a baker's apprentice when I was 16.

Speaker 2 Oh, did you wake and bake?

Speaker 2 As a child,

Speaker 2 I played the fifth. Yeah, that was quick.

Speaker 2 Chilean sea bass crackers. Look, this is another good PR play.
I like it. I like the, from a marketing perspective, it's hard to get attention.
You know, it's in today's world,

Speaker 2 this is a nice little attention play. I have no idea where they came up with Chilean sea bass.
I was trying to get the play off like the name. And I don't think there is one.

Speaker 2 It's just, it sounds very fancy. Next, they're going to have like S-Cargo.

Speaker 2 Escargo crackers.

Speaker 3 I love that it's just like cheddar flavor. Like the same old, same old you've always gotten labeled chile and stuff.

Speaker 2 I was hoping it was kind of like they actually tried to make the flavor because there's been a lot of that too, these funky flavors

Speaker 2 of different things.

Speaker 2 But, oh, well.

Speaker 3 Do you want to take us into basketball?

Speaker 2 Oh, sure.

Speaker 2 You didn't even want to set it up? I mean,

Speaker 3 I do, do, but I'm a little nervous. My basketball, I'm not up to my basketball speed.

Speaker 2 Oh, yeah.

Speaker 3 Gatorade signing a new deal with Duke's basketball star Cooper Flagg.

Speaker 2 Yep. He's one of the highest-rated recruits coming into

Speaker 2 this season playing for Duke. Shocker, the good get better.

Speaker 2 And so he's signing in all deal with.

Speaker 2 with Gatorade. All these guys are signing

Speaker 2 deals. He's projected to be the overall first pick of the draft straight out of college.
So they all have to play one year.

Speaker 2 And, you know, with the new NIL deals, these players can get paid for their name, image, and likeness and it not be

Speaker 2 used to be sort of against the rules. They've finally come around on that.
I think they did. I still think it's the Wild, Wild West a little bit.

Speaker 2 They don't have the regulations around it that they need to.

Speaker 2 It used to be you knew like the $500 handshakes were happening behind the scenes. And so that's gone, which is good.

Speaker 2 It's now in front of the scenes, but you've got guys signing these huge deals before they even get to the pros. And I think people should, look, be able to profit on your own name and image.

Speaker 2 I mean, that's pretty much what influencer marketing is. But at the same time, there's this

Speaker 2 slippery slope where you've got different players on the team getting paid different amount, different deals. It can cause some turmoil sometimes between teams or has the potential to do that.

Speaker 2 I I don't know that that's been proven yet.

Speaker 2 I do think an offensive lineman understands the quarterback like in college football might get a bigger deal just like they do in the pros knowing how rare their talent is.

Speaker 2 But I think you're seeing more and more of these deals even take place before these athletes make it to college. So because I can tell you this.
Before they make it out of college. Yeah.
Yeah.

Speaker 2 I mean I have the outline of a book called Raising a Brand. Because literally

Speaker 2 there's a strategy to this.

Speaker 2 And I don't know if any of of our kids will be pro athletes nash our youngest probably has the most potential just based on athleticism at his age and i've already bought i own every one of their own instagram handles all their own you are i did this probably

Speaker 2 four years ago like nashalford.com hudsonalford.com hudson at hudson alford on instagram on tick tock on like i own all crazy i have all their usernames and their urls already because you know planning ahead not only because

Speaker 2 for

Speaker 2 you know, athlete, you know, athletics, but for just personal brand sake to own these things because you never know when they get taken.

Speaker 3 Crazy that that's an asset that you should look into for your children ahead of time.

Speaker 2 I thought about that. So, for yourself, too.

Speaker 2 I didn't do that in college, I had to build a website on my name, like a domain, like a personal brand site.

Speaker 2 Yep.

Speaker 3 Well, there's 20 million Brianna halls.

Speaker 2 There's only one true Chris Hansen, and he's not on Dateline.

Speaker 2 You do have the old one. I'm the new one.
Yeah, he's the newest one. He's not chasing the

Speaker 2 predators. Like, probably twice a month, someone's like, oh, Chris Hansen? Dateline NBC?

Speaker 2 Like, yeah, bro, it's my uncle.

Speaker 2 Yeah.

Speaker 2 But Cooper flag,

Speaker 2 it's a pretty

Speaker 2 recognizable and

Speaker 2 memorable name, but you'll be hearing a lot more of it. Good player.

Speaker 2 Very

Speaker 2 rangy, I would say. He's kind of like one of those 6'8 kids that

Speaker 2 shoots, runs,

Speaker 2 and

Speaker 2 jumps well, does it all well, dribbles well, like not just like a big guy and not just a guard. So that's why he's likely a first-round drive pick.
And

Speaker 2 I'm sure this is a seven-figure deal already. So there's real money being thrown around with NIL.
And

Speaker 2 I think of it really back to just it's just it's influencer deals,

Speaker 2 but they have their influences driven by their athletic ability and the eyeballs because Cooper Flags is on Duke's team. And think about the awareness:

Speaker 2 how often does Duke get shown on television? And how often does he get shown on television? So, how many impressions is that for his awareness?

Speaker 2 Because that's the way you think about these deals: is no, he's not going to have a Gatorade logo on his,

Speaker 2 not yet, on his Duke jersey. But the more known he is, the richer this deal is for Gatorade.

Speaker 2 And so that's the way you have to think about it.

Speaker 2 And that's the way, you know, they signed these deals thinking about, okay, if a player is going to New Mexico State or they're going to Ohio State, who do you think is getting the bigger deal?

Speaker 2 Ohio State. Bigger name, more impressions on television, more

Speaker 2 known. More known.

Speaker 2 And so the player combined with the the school and then the personalities and this is where you know like parents out there listening are like you know your kids are it's not about just being showy but being approachable to brands being willing to do content and do things like being open to this stuff because it's not natural I mean you think about even doing podcasts some people it takes getting in front of the camera and doing those kind of things.

Speaker 2 The faster that you can get comfortable with that, the bigger your deals will be. Because there's guys that get bigger deals that might have a little less following.
They got huge personality.

Speaker 2 They have a true following and not just sort of a, oh, I'm following him because he's, you know, a good player, but because of his personality and things like that.

Speaker 2 So things to think about and things that these brands think about when they sign the deals.

Speaker 2 And this guy's just at the top of the class. I think that's, I don't know what his personality is, but he's got it.
He's just going to be out there so much. They're tying to it early.

Speaker 2 Because if he ends up first round draft pick, you know,

Speaker 2 he'll have a pro deal and everything else.

Speaker 3 So it is interesting.

Speaker 3 I think that it's good for these players to benefit from all of their hard work before they have to, you know, to wait until they become a pro because I think that's kind of what's happened in the past, right?

Speaker 3 They've almost been penalized for not yet being at that level.

Speaker 3 And then if they do get injured or, you know, their career gets cut short, they never got to benefit from it the way that they should have.

Speaker 2 Other than the free $300,000 scholarships they get, but you know, that's sort of, I mean, that's the one thing that's sort of getting lost in all this is, and I agree with you, by the way.

Speaker 2 And the scholarship isn't in comparison to million-dollar deals. So I get it.

Speaker 2 But at the same time, we're kind of losing the core of this, which is why you typically did it, which was to get the education. But now it's coming pretty much

Speaker 2 pro-sports and pre-pro sports. colleges.

Speaker 2 We don't have to hide about it anymore. Just is what it is.

Speaker 3 Yeah, college is a really interesting topic.

Speaker 3 We won't go down that rabbit hole, but the landscape is changing a lot.

Speaker 2 Yes, it is.

Speaker 3 Well, we thought this was interesting this morning on the radical team. We discovered that Robin Hood, the app, you can now bet

Speaker 3 on which candidate you think will win the U.S. presidential election.
So we put this, this is our only election coverage,

Speaker 3 but we just thought it was interesting that now you can place a monetary bet on who you think is going to win.

Speaker 2 I thought they'd had this stuff out there. They'd have the

Speaker 2 I think Polymarket. You could do it in Vegas, but Robin Hood's rolling it out on the app now.
Okay. Nice.
So 60.

Speaker 2 So it's essentially

Speaker 2 63% chance Trump wins, 38%. Man, am I reading that data right? Yeah.
At least according to how they're doing it.

Speaker 2 I wonder if that's just purely, if that's based on sentiment or polling or if that's just based on the bets being made.

Speaker 3 i think it's based on the bets being made on the app but i'm not certain all right

Speaker 2 let's see i mean i'll i kind of want to take kamala for 38 cents even though i i

Speaker 2 i've been very vocal about who i want to win who i voted for but it seems like it could be like good money like

Speaker 2 yeah a good spread if it's as close as they say it is that's that's a good bet to make Now, I tend to think it

Speaker 2 might be going the other way and hope that it is, but just saying,

Speaker 2 if you because look,

Speaker 2 like that's what happens, people vote, you don't uh bet gamble with your heart, yeah,

Speaker 2 you gamble with your head.

Speaker 2 That's what happens with like football.

Speaker 2 Oh, yeah, I love that team, and that they're definitely gonna win by that much. You're just totally going all heart, not like logic.

Speaker 2 So, I don't know.

Speaker 2 Is it good? Is it really

Speaker 2 trending that heavy to Trump in your mind, Chris?

Speaker 2 I don't know, man. I don't know what to believe.
Yeah.

Speaker 2 Because I,

Speaker 2 you know, if you based on social media, it's like, well, is the algorithm just showing me certain things?

Speaker 2 I do feel in the last week, I have seen more criticism of her, even I feel from the media. Yeah.

Speaker 2 So I could see,

Speaker 2 and that and let's be real you still have a lot of people heavily swayed by the media so i could see you know that but

Speaker 2 again i don't really know what to believe there's just so much if you go to a media outlet that's pro

Speaker 2 kamala and it will make you think that she's absolutely winning like they're not showing

Speaker 2 I go to a site that

Speaker 2 I felt used to be pretty down the road. It might even have leaned Republican 10 years ago, but Drudge Report.
And God, it is so left now. I can't barely even read it.

Speaker 2 I just go there sort of to at least get the other side. And they do have, when I get past the election stuff, some of their other articles are pretty interesting.

Speaker 2 But God, they would have you believe that, you know, Trump's lost his mind, not going to win, and everybody's bailing. But it's like,

Speaker 2 but then, like you said, Chris, if I'm on social media and I know it's the algorithm and stuff like that,

Speaker 2 everything else and the more middle-of-the-road media seems to be sort of

Speaker 2 throwing a little more darts at her.

Speaker 2 So, it's who the hell knows what to believe. Well, and then you got like Trump on Joe Rogan.
Obviously, that's huge.

Speaker 2 And I read this morning that her campaign said they would only do it if he went to them in an hour maximum length. Yeah, so he said they're not going to do it.
I mean,

Speaker 2 yeah, it's a podcast, but dude, Joe Rogan podcast is huge, and a lot of people follow him heavily. So, I wouldn't be surprised if that also could have swayed some folks or,

Speaker 2 you know, and I think it's fair to say you probably have a lot of people that listen to Rogan that aren't Trump people,

Speaker 2 a little bit more free thinking. So

Speaker 2 maybe you had some, some of the listeners getting a different side of him that they're not exactly exposed to if they're used to just watching the mainstream media.

Speaker 3 Yeah.

Speaker 2 I think if this was any other candidate on the right, it would be a landslide victory for sure. For what the for for the economy and inflation and all that stuff that would bury her.

Speaker 2 Like, and like Christy Noam or Tulsi Gabrier, they're female would make it really interesting if there was another female Republican.

Speaker 2 I think the only reason it might be, and I still think it might end up being a landslide comparatively, you know, like what's a landslide in an election?

Speaker 2 You're always going to have it fairly even because there's a lot of Democrats who are never going to vote Republican.

Speaker 2 But it, I still think it might be a landslide, but it got it would be an earthquake landslide if his name wasn't Trump.

Speaker 3 So, this is super interesting in regards to this bet. It says more than $100 million

Speaker 3 has been legally wagered on the presidential race days out from Election Day.

Speaker 2 Betters will bet on anything, man. That's all.
That's all that is. My buddies that gamble, they will gamble on anything.

Speaker 2 They probably saw this this morning and immediately jumped on Robin Hood and placed bets. I'm not going to lie, I was tempted, but

Speaker 2 Robinhood doesn't have a great reputation after the whole

Speaker 2 GameStop. Yeah.
You know, when they shut down trading and all that.

Speaker 2 So you could win your bet, but you might not get your money out with Robinhood's reputation. So

Speaker 3 this is interesting. So according to NPR's Planet Money, of the 15 presidential elections between 1884 and 1940, the betting market has correctly called the race in 11 of the 15.

Speaker 2 I like those R's. Yeah.
It's just what is the betting market? Is it Robin Hood?

Speaker 3 Well, this is

Speaker 3 the betting market.

Speaker 2 1840.

Speaker 3 Yeah, so there's Call She.

Speaker 2 There's a couple of them.

Speaker 3 Robin Hood and Call She are the two big, the two big ones.

Speaker 2 I got my six shooter and my bet in.

Speaker 2 All right. We'll see what happens.

Speaker 3 A couple weeks ago, we had talked about the TikTok Chase Bank glitch that was trending on TikTok.

Speaker 3 And now it's coming full circle as JPMorgan Chase starts suing the customers who allegedly stole funds in the ATM glitch scam that went viral.

Speaker 2 Yeah, our YouTube video, and if you good time to plug the YouTube channel, we've got one of the fastest growing business podcast YouTube channels. Get over there and check that out right about now.

Speaker 2 Just search that on YouTube. But that was one of our biggest videos.
Go figure. A couple thousand views.
And it was

Speaker 2 all about this. And we either fueled more of it or got people to stop.
I'm not sure which one.

Speaker 2 But go figure. You're going to get sued if you steal.
Oh, man. Yeah.
Writing bad checks.

Speaker 2 Shocker. Shocker.
They go after you.

Speaker 3 I was really surprised that two of the people that are getting sued are businesses businesses in florida that participated yeah

Speaker 2 that caught my eye too yeah

Speaker 2 well

Speaker 2 it didn't take much to open a business i mean you know like yeah they probably formed a llc and just wrote blank checks just to yeah to get some scam i would imagine uh these people probably will no longer be able to banquet chase after

Speaker 3 yeah well they'll probably be in prison this one person says chase alleges that a man deposited a 335 000 counterfeit check, resulting in a $290,000 debt after multiple withdrawals.

Speaker 3 So how is he going to pay that back?

Speaker 2 He's going to need a lawyer.

Speaker 2 I just can't believe that

Speaker 2 I get it because I think I've seen this with my bank. You know, once you bank with them for a while, they'll credit you before the check.
So I get it.

Speaker 2 A few grand, three or four grand, five grand, something.

Speaker 2 But the fact that they allowed this on a

Speaker 2 000 check or even down further in an article to two 140 000 checks it's like it's kind of like

Speaker 2 chase's fault to that point like dude you're gonna have software allows that yeah

Speaker 2 yeah bank error in your favor uh not really but still

Speaker 2 chase is suing to get the funds returned yes

Speaker 3 wild wild also how did you get that much money out of atm i thought atm had like a limit It does.

Speaker 2 Well, they're probably walking in, getting the teller to give them something. Didn't rush the ATM.
They might have been doing like

Speaker 2 going to different ATMs, $1,000 a day or something for a week.

Speaker 2 Maybe they're breaking off the bank teller cut, too.

Speaker 2 It runs deep.

Speaker 3 Speaking of deep, deep in the TikTok industry, TikTok's founder has now become China's richest man.

Speaker 3 I am not going to attempt to pronounce his name, but he is the co-founder of Byte Dance, and he has now become China's wealthiest person with a net worth of $49.3 billion.

Speaker 2 Is that Yang or Zhang?

Speaker 2 Zhang?

Speaker 2 Zang.

Speaker 2 I mean, it's. I don't know if the Z and the H become a Y.
I don't know why I think that. I think I might be making that up.
But Zhang Yeming?

Speaker 2 You know it's not that. That's too easy.
But we'll find out.

Speaker 2 He's a rich dude in China and the owner of Byte Dance, co-founder of Byte Dance, excuse me.

Speaker 2 Go figure. $49.3 billion with a nearly 50% increase year over year.
He's doing some good investing there.

Speaker 2 Doubling up. Doubling up in a year, essentially.
43% increase. And

Speaker 2 if he sells, if the U.S. ever forces them to sell, it'll make

Speaker 2 a lot of those Bs.

Speaker 2 It's worth quite a bit. Is he limited to what he can spend it on and being in China, communist China?

Speaker 2 How much of that does he have to give the government a year?

Speaker 3 I just want to know, like,

Speaker 2 could they take his funds at any moment?

Speaker 2 I mean, that's kind of. Great question.

Speaker 2 Are you really a billionaire if you're in China and it's in Chinese bank accounts?

Speaker 2 I don't know if you want to be on that list in China. I don't know either.
The government's definitely in your pocket.

Speaker 3 It says that being a billionaire in China can be challenging.

Speaker 2 I bet.

Speaker 2 You think when a communist country might

Speaker 2 just decide they want to take your money?

Speaker 3 And you can't criticize the Chinese government if you do have money because you will face political backlash.

Speaker 3 It says quite a few billionaires have left China and an additional 15,000 high-net worth individuals are expected to leave China.

Speaker 2 Let's just say if I I was in China and I had that kind of money, I'd be offshoring that however you can do it

Speaker 2 and

Speaker 2 planning my exit.

Speaker 2 So

Speaker 2 just saying.

Speaker 3 Well, for us normal people in America who are not

Speaker 2 billionaires. Yeah.

Speaker 3 Sounds like job openings fell to 7.4 million, the lowest since January of 2021, indicating a slowdown in the labor market, especially in healthcare and government sectors. Hmm.

Speaker 2 I don't know why in those sectors, but it's not surprising.

Speaker 2 We've been hiring a few positions and I feel like the candidates have been better.

Speaker 2 I mean, I don't know if that's correlated at all, but I do think it's a different job market than it was a couple years ago. It just feels different when

Speaker 2 response rates, things like that, the people that seem to be in the market.

Speaker 2 It's just my observation as a small business owner. But so it's not totally surprising.
And I feel like some of the

Speaker 2 it's like all the other economic metrics had to catch up to the job market at some point, right?

Speaker 2 So I think there's some of that as well.

Speaker 3 Yep, totally.

Speaker 3 Well, hopefully everything

Speaker 3 after,

Speaker 3 let's see, today is November 1st. We have three more days.
I think we will see some changes in the economy based on the outcome of November 4th.

Speaker 2 Yeah, it will be interesting. I mean, it's going to be

Speaker 2 surface level, just sort of,

Speaker 2 I don't know, temperament reactions because no president getting elected on the 4th. No one, they don't take office till next year.
And so it's all sort of become speculation. So

Speaker 2 emotional. Emotional speculation.
I could see Bitcoin, if Trump gets elected, going up. Oh, yeah.
And then kind of going back down. Yeah.
Yeah.

Speaker 2 So

Speaker 2 the stock market probably as well get a good pump and then it'll kind of chill out.

Speaker 2 Yeah.

Speaker 2 So

Speaker 2 I think

Speaker 2 a lot of those metrics, if Trump not, and this is just,

Speaker 2 it's not because I'm voting for Trump, but like

Speaker 2 because he's new, I know he's already been president, but because it's a new candidate, a new party coming in,

Speaker 2 which always brings sort of what everyone's sort of sentiment is, is like new energy, new things, whether true or untrue, ultimately, no matter what the policy, it's sort of that sentiment more than anything.

Speaker 2 It's sentiment's powerful in the market.

Speaker 3 Well, and I was having this conversation recently with somebody: so we've been in four years of the current administration.

Speaker 3 If Kamala gets elected, we have four years of Kamala, which essentially is the same administration, and then she could get re-elected. So we could have three four-year terms of the same sentiment.

Speaker 2 oh did i fall into my mic

Speaker 2 i was just thinking about what you were saying

Speaker 2 yeah

Speaker 2 all business owners everywhere are yeah

Speaker 2 yeah yeah 12 more years

Speaker 2 four more

Speaker 2 eight more years oh eight more oh geez just one more decade you guys

Speaker 2 i just can't take the I don't know. It's look, I've said this a lot of times.
The president's going to get in my way of be, you know, pushing forward.

Speaker 2 That's the great thing about America, but I just don't know if I can handle some of the

Speaker 2 and look, I get it on the other side. People say the same thing.
Everybody has different strokes for different folks, but I'd like to keep my business taxes down.

Speaker 2 It's good for everybody, you know.

Speaker 2 Oh, I think that's it for today. We appreciate everybody out there.
Chris, any final words? Appreciate you guys listening, like and subscribe. subscribe.
Yes,

Speaker 2 Brianna, go vote, go vote, get out and vote, folks. It's your right as American.
Do it. Proud to be an American.
More than anything.

Speaker 2 Go to ryaniswright.com, find the highlight clips, links to all the clips, links to our sponsors. That's what makes this happen.
Hey, that's what happens.

Speaker 2 We got these sponsors that help us put the content together, support us, we support you. It all goes hand in hand.
Hey, don't forget we're all Americans. Take care of

Speaker 2 one another no matter what you do. See you next time on Right About Now.

Speaker 1 This has been Right About Now with Ryan Alford, a Radcast Network production. Visit ryanisright.com for full audio and video versions of the show or to inquire about sponsorship opportunities.

Speaker 1 Thanks for listening.