Business News Recap: Trump & Musk Peace Treaty - Interest Rates Need to Drop - Apple No Longer Ripe - Agent Store is new App Store

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Hey guys, on today's Business News episodes, I talk all about tariffs, the Elon Musk-Donald Trump feud that, quite frankly, ended before it started.

Talking about everything Apple's up to, Elon Musk with RoboTaxi, agent stores, are they replacing app stores?

Maybe.

That and more here on Right About Now.

This is Right About Now with Ryan Alford, a Radcast Network Production.

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What's up, guys?

Welcome to Right About Now.

It's our weekly business news recap here on Friday, June 13th, 2025.

I am Ryan Alford, your host.

If this is your first time joining, welcome to the show here in our lovely studios in in Greenville, South Carolina, the home of right about now, Radical and the Radcast Network, the fastest growing independent network in the country.

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We know you have options.

We're going to keep it tight and to the point today.

Not a ton of headlines.

Welcome to summer.

It's getting hot, hot in here.

It is 90 here in Greenville, South Carolina.

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Been on the houseboat, the lovely Lake Kiwi, the Kiwi Marina.

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Hey, let's get straight at it today.

The big headlines.

You don't want to miss.

First, Trump and Elon seem to have signed a peace treaty.

It's funny how news works.

Less than a week after we talked about it, they've already come back together.

Unbelievable.

Elon's, hey, you don't pick a fight with the big guy.

There's nothing to be gained by fighting with the president of the United States.

He came to his census.

Look, both really smart guys with really big egos.

Let's just call a spade a spade.

Both, I think, trying.

I think hearts are in the right places, but sometimes our mouths and our keyboard get it going a little too fast.

So good to see them.

There's nothing to be gained gained by them fighting.

So glad to see that all come to it.

At the end of the day, let's get back to business, guys.

I mean, this is little girl shit.

You know, stop the bickering.

Let's focus on the issues at hand, growing innovation, growing technology, growing crypto, digital currency, getting those interest rates down.

Let's focus on the big issues.

All the spatting, put it to the side.

And we can talk about Epstein.

Yeah, nasty shit went down.

But look, we don't know what happened.

We don't have all the facts.

Bill Clinton, Trump.

Come on, man.

We don't know.

Let's focus on what we do know.

What we know is America needs to move forward.

We need the economy booming, and we need to keep our heads above water and keep moving.

Because look, that's what it's all about.

Next up, they're signaling that interest rates won't be changing, and Trump says he might have to force the issue.

Here's my point of view on this.

And I know there's a lot of

economic data on either side of this story, but here's what I do know.

When the the housing market gets rolling, this economy booms.

And when interest rates go down, you get refinancing, you get a lot of money in the market, and you get people spending, innovating, starting companies, and a lot of innovation happening.

That is the American way.

Yes, made sense when inflation's 9%, whatever it was at its highest level, to pause on having those interest rates too low, but we're not at that point anymore.

Inflation data has been good.

It's time to lower the interest rates.

We need cash in the market.

We need people spending on innovation, ideas, new businesses, technology, AI, and buying and selling homes.

What gets the movement happening in this economy?

That's what we need.

I don't blame Trump for talking about forcing the issue.

Hey, above my pay grade to know how that goes down.

But all I'm going to say is we need those interest rates to continue downward.

Go down a point.

The European Union and China have both already done these things.

They've gone down with their interest rates because they know that their economies need activity.

Let's make the move.

Drop those interest rates now.

Apple is unveiling a glassy new OS that looks a lot like Windows.

Get a lot of backlash over this.

The people going, and look, I have been, I'm an Apple guy.

I'm in my studio.

If you look around, I got the iPhone, we got the Mac OS, we got...

Apple everywhere.

So I love what they've done, but the innovation has crawled.

It's like barely crawling.

It's almost

like break sounds totally.

I mean, when's the last real innovation?

Don't give me this AI stuff.

Apple AI.

Yeah, right.

I don't use it.

It's not helpful.

It's too hard.

Siri doesn't even know how to turn a text message into a scheduled message three days later.

It's ridiculous.

There's been zero innovation on these phones in three years.

So, okay, now we're going to copy what Windows did 10 years ago.

It's getting stale, folks.

I'm not going to go back to Windows, but if I'm Apple, I'm going back to Joni Ivey, wherever, I know he's just a creative, wherever the inspiration was coming from.

And maybe it was all Steve Jobs.

I don't know, but they did that incubation chamber, restarted, reignited, because right now it's stale all across the board.

And look, they had a lot of optimization that needed to happen to streamline, become more mainstream.

They've done that.

But you kind of thought, like, the companies that had, you know, no Teflon,

Apple's starting to show the chinks in the armor for me because I don't think they've innovated enough.

And they're going, someone's going to come along with either smartphone technology or something that's going to change this game.

Sprout Social has released its state of social media in 2025.

The state of social media.

Need like some kind of.

effects on my voice or something.

The state of social media.

Interestingly enough, social media is more powerful than ever.

All the sort of prognostications of doom from social media and rotting people's brains has not come to fruition.

Look, folks, this is a changing media.

TV out, local news sort of out, social media in.

It's more impactful than ever.

It's where we get our news, our information, and we stay in touch.

Look, anything can be used for the wrong reasons, but social media is not going anywhere.

So if you've been sitting around going, oh, selling on social media, hoping your business, it doesn't matter.

Well, I'm going to give you some stats that do matter.

82% of consumers say their buying decisions are influenced by brands that they follow on social media.

82%, it matters that you're on social media if you have a company, and it matters that you're relevant, engaging, and posting content that they care about.

That means video.

Video, 41% more impactful than static posts.

I talked about it seven years ago.

I said content is king, king, but video is about to start ruling and it's already here, folks.

We know it.

You know it.

You got to be posting video if you're a business for social media.

TikTok's blowing up with TikTok shop, got Instagram shop, you got all these things.

And the oil sleek, the oil slick that exists in the RO in Alfred, in Nicole Alfred, and the Alfred family's driveway is proof point because my wife gets influenced daily.

Hey, I do too.

Just giving her a hard time.

But I do come home and I'm like, you got influenced when that Amazon truck just pulls out because how many packages are getting dropped off from some influencer, whether it's makeup, paper towels, or cleaner for your shoes, my wife gets influenced, and so do you.

We all do.

It's because influencer marketing is huge and it's channeled through social media, which has never been more impactful.

We can all deny it, but it's true.

B2B marketers expect social ad spend to overtake SEO ad spend in 2026.

Listen to that again.

SEO has usually universally been sort of the intent mechanism.

I'm raising my hand.

I'm searching for something.

So that means that I'm shopping for it.

So people spend a lot of money on putting on SEO tactics to get their website first and foremost.

But here's what's happening.

AI.

Chat GPT is taking the lunch of a lot of these news places.

I mean, a lot of people don't even get on Google to search anymore.

Now, I don't want to overstate that.

It's It's still a behemoth, but it is declining quickly with all of these AI assistants and everything else because you ask them what it is.

And instead of what 10 years ago, people said, voice search is the future.

Well, yeah, it's voice search, but it's with AI and not with Google.

And social media is going to stay relevant because ultimately people want connection.

The robots may do all the work, but people are going to want to stay connected, know what others are doing, learn, share, edutainment, all those things will still happen on social media.

Speaking of AI, OpenAI is launching the agent store with custom GPTs.

We've been talking about AI a lot lately, but if you aren't using it, you're getting left behind.

There's so many tasks that it can automate.

This is interesting.

I think of this as almost like the App Store 20 years ago.

Has it been that long?

Aging myself.

But again, remember the app store came along.

Oh my God, my phone can do so many more things because of this.

It's the same thing with ChatGPT.

These agents that can be developed by everyday people, training it to do things, you can then sell it on the agent store.

So again, it has nuances for specific industries.

And you can train these things to do what you need it to with the specific inputs that you give it.

But now people can sell these things much like they did.

This is now the new app store.

Agent Stores is the new app store because we have these assistants that have all the knowledge in the world from the internet combined with an ability to process it faster than we could.

Now you have people building these models and things that they can resell and OpenAI is paying them 70%.

Similar, that sounds like a similar percentage to the App Store.

It's exactly the same thing.

Apple takes 30%.

I wonder where they got that percentage from.

Hmm.

I'm telling you, this is what it's going to look like in the future.

Instead of apps, is going to be agent apps because they're going to be doing all the work, processing it, formulating it, visualizing it like they do now, but in a more streamlined fashion.

This is the app store of the future.

It is the agent store.

Custom GPTs, still hate the terminology, open AI, GPPT, blah, blah, blah.

Can we come up with just something better?

Like the smartest assistant ever?

I just call him Frank.

Frank's helping me all the time.

And he does have a British accent, by the way.

I don't know.

British people always sound smarter than we do as Americans, especially me as a southern accent guy.

I have to overcome my accent.

Frank, he's just like, you know, sounds intelligent, giving me feedback.

Hey, Frank, what could go wrong?

We'll see.

Other Elon Musk news, Tesla has bumped up or pushed back the release of Robo Taxi till August 8th.

Robo Taxi.

This is like every science fiction movie coming to life here.

It was RoboCop back in the 80s, kind of a so-so movie.

But RoboTaxi, iRobot, all these things now coming to fruition.

Here's what I know.

Uber ate Yellow Taxi's lunch 15 years ago.

Well, this RoboTaxi is going to eat Uber's lunch when you don't need a human to drive the car around.

I've already raised my concerns of the weapons of mass destruction if these things get overtaken online.

They're all going to be interconnected, online connected.

What keeps some of them from hacking into it?

I try not to worry about every boogeyman behind the corner, but this sounds like dangerous territory.

We need to to make sure there's great regulation around whatever the hacking mechanism might be.

Problem is the hackers seem to always be ahead of everyone else.

But nonetheless, this will be overtaking.

Because look, if I don't have to smell the guy in the front seat and I don't have to, you know, worry about his reckless driving or what he's had for breakfast, lunch, or drinking all day, that's a benefit to me.

The robots, I don't think they're going to be getting intoxicated.

Who knows?

They learn all the human bad habits.

You never know.

But ultimately, Robo Taxi is going to change.

And there'll be variations.

There'll be companies, other ones besides Elon Musk.

But you're going to have self-driving cars and taxis sooner than later.

In the next five years, this is going to be proliferated just like Uber did.

People are going to be like, I don't even have Uber around here.

Well, then the next thing you know, you do.

That RoboTaxi will picking you up, taking you wherever you want to go.

No smells included.

Sign me up.

Finally, today, LinkedIn is testing vertical video feeds for professionals.

I don't know how I feel about this.

No one loves video more than me, but LinkedIn is becoming a little bit too much like Facebook anyway.

I love that it's getting a little more personalized and maybe not.

I mean, people letting their hair down.

Nobody lets their hair down more than me, but I don't know if I want to see puppies, cats, and what you had for breakfast on LinkedIn.

Let's keep it to business because otherwise, LinkedIn will get replaced by a better business platform.

Don't remember what you, don't, do not forget what you are.

You're a business platform first.

It's great that we're human and we're showing that side of it, but let's not get too far.

I don't want to go down the vortex that is TikTok with these feeds and just over and over again content that's not relevant to business, getting work done, making sales.

Things are related to business.

If they do, watch out.

Somebody has opportunity to step in because that's the one thing that LinkedIn has going for it.

It's the business crowd.

These are professionals.

Again, have some fun, show your personality, but it doesn't mean I care how many cats you have at home.

We'll see.

See if it hits your feed.

We appreciate everyone out there for listening.

You can go to ryanisright.com for highlight clips, all the old legacy episode, 500 episodes and counting here at our studios in Greenville, South Carolina, at my place, Social House.

Come check us out, the studio lounge right here in downtown Greenville, our home.

We appreciate you for making us number one.

We'll see you next time on Right About Now.

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.

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