Crypto jumps back up, Americans are more illiterate and who is the world's richest man?

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What's up guys? Welcome to Right About Now. It's Friday the 13th.
Friday, December 13th, 2024. Jason may not be here, but Brianna is.
What's up, Brianna? Hey. You're much lovelier than, and you look lovely there in your studio at home than Jason Voorhees from Friday the 13th, by the way.
Yeah, hopefully. I hope so.
Although I am a little tired, so maybe I'm putting on the Jason look. That's what kids do to you, you know? They send you home.
You got to pick them up early. Oh, God.
I remember the days. It still happens.
My eight-year-old has it every now and then. He's bad.
He's the worst kind of sick. He's like me, like men.
You know, like one little stuff. Oh, I'm not feeling good, Dad.
He's a big baby. Suck it up.
Suck it up. Then I'm the same way.
I'm like, if I don't get, I'm not going to wish and say that. I'm not going to say that out loud.
But when I am sick, which is not that often, I'm definitely a big baby. I think men are worse.
Yep. Yeah.
I never have time to be sick. So, yeah, exactly.
Try not to be. So, we hope everyone is doing well wherever, whenever, however you're listening here on Right About Now.
We've got your weekly business news of the week and all kinds of good stuff. I'm going to start with the good news.
So I've gotten into the crypto thing. And let me just say this.
This is not financial advice. Please go to your financial advisor for risk counsel, risk tolerance, and how much you can afford to lose.
So that's not for me to determine. I just want you to have a little fun with me testing the market.
Brianna had something to say there. I'm not sure what.
No, I was just laughing. I thought it was funny that you said how much you're willing to lose.
Yeah. Well, you never know.
Or when. It's all about, hey, you cannot make any shots you don't take.
So there you have it. I have been putting in a couple thousand dollars every week or two, just taking from other investments, doing it and like taking, you know, moving over to the crypto.
Now that we have a crypto friendly president coming into office. I am not the expert.
Chris, who is on Escapade in Houston, is the more of the quote expert in house. But, you know, you can learn a lot.
So I'm on the Kraken app. The names of this stuff is like doesn't help with some of their legitimacy sometimes like i'm on that kraken it starts with a k so i'll give them some free support maybe they should be a sponsor should be a good that'd be a good one for natalie to reach out to get the kraken get the kraken in here um anyway i'm on there very easy to buy and sell they make it super easy to take your money let me tell tell you.
So one click away, your bank account, you know, whatever, you got your wallet going on. And again, much better than college football lately.
So I, you know, I quit quitting bidding on college football probably 10 years ago. So this is not a recent thing, but I will say it's riding the wave.
And it's been an interesting week with crypto because I'm riding it. You know, I've bought, I probably have like 20 coins that I'm in now or different crypto, whatever.
There's a lot of terminology again here. So I've been buying them.
XRP, that's what you need to get on. I'm going to tell you that that's the one.
That one I bought for like 40 cents. It's up to like 250.
So that's helping the old cause a lot. While some of these other coins are dragging a little bit, I'm smacking them across the room going, get your shit together.
The old XRP up. But here's the thing.
Monday and Tuesday, this is what happens with crypto for no real, at least no reason I understand, we took an old dip, like 20%, like off the top.

And they say they do that because the big investors, like, start, they sell something, they kind of create this swirl.

And people, like the smaller buyers, like the people that have, you know, $300, $400, $500, you cup a few hundred dollars, but there's a lot of them. So it's a lot of money.
They get nervous. They sell out of everything.
As soon as they see it start dropping. So they say they do that on purpose, because then the big investors swoop in on the dip.
Buy the dip. Chris has said that a lot.
And so I just watched it. I didn't buy or sell.
Just watch it. Cause I know there's too many positives in this space happening that I knew the dip was temporary.
Oh, we're back, baby. We're back hard here today on the record day.
I just finished reading a book all about financial investing. And yeah, it's very interesting how anything that can happen, probably when big stuff in the news happens,

things dip down or they jump, they skyrocket. Yep.
And so the entire market was down. I mean, a lot of the ones I had were down 10 to 20% Monday and Tuesday.
I'm just going, all right, whatever. Again, I have in here what I can afford to lose.
I don't want to lose it. I don't like to lose, but I'm not jeopardizing my kid's future here on the old Kraken.
But I will say this. So the entire market here today, we recorded on a Wednesday.
So it is Friday the 13th for you when you're listening, hopefully, because you do listen on record day or release day. We know it.
Our loyal ones do. The entire market is up 6% today.
And let's just say I got 19% up, 20% up, 10%, 12%. I'm averaging like a 10.2% up on every one of the ones that I own just today alone.
And I'm just going to tell you that XRP is the one you want to get on. It's $2.43.
It's expected to like double or triple here like next year. So we're all in on that one.
XRP, Ripple. And don't ask, don't be sitting there.
Somebody's listening and judging already. They're going, this guy's not a crypto expert.
I am not a crypto expert. I'm just telling you if I was betting on certain coins and I do like to read a lot.
I research everything. My wife, whenever we're going on vacations, I do all the reviews.
I read every one of them. There'll be 4,322 reviews on TripAdvisor.
I read 4,100 of them. And so knowledge absorption, I am good at.
So I've been reading a lot, absorbing a lot, trying to learn a lot because I like to make a lot. And so far, so good.
We're up to about six grand. I put in about 3,500 and we're right about 5,800 today.
That's over about a month. So I've almost doubled.
You know, that's not, hey, not typical. These results are not typical.
But when you're the crypto heavy guy like me, you know, you get lucky. No idea.
I'm just, I sometimes choose the names because I like the name of it. It's a brand marketing guy.
I'm like, that's a pretty good branding decision. Oh my gosh.
You're just picking crypto because you're like, oh, that one sounds good. Chris will tell me if you, but then I pick the one of the three that he gives me based on if I like the name.
Yeah. You know, then I'll go read some of the data and hey, here's the trick.
Don't go to the first page of the search results on something.

Good like page five.

Because the first page, here's my strategy is,

the first page has been, let's just call it bought,

which means they might be giving you certain tips

because they want you to take it as the sort of amateur hour investor.

So I go to page five of the search results and see what they say about certain coins. Hey, just an odd tactic.
Don't know. But so far, so good.
Up like 80%. So suck it.
Crypto is so interesting to me because there's a whole demographic of people that won't accept it as real currency. I don don't know if i accept it or not i just accept that people smarter than me are standing behind it and holding it up to be a good investment and there's yeah there's so much money now in it by the bigger like bank and like institutions that i'm like okay if these guys could be in it i

can you know i need to be in this it's not gonna go to zero yeah and again gotta only bet or or

invest whatever you want to call it gamble invest whatever makes you feel warm and fuzzy uh what

you can afford to lose yep 100 all right what are you getting in brianna you gotta get in on this

Thank you. whatever makes you feel warm and fuzzy uh what you can afford to lose yep 100 percent all right what are you getting in brianna you gotta get in on this game guys i have gotten my account on coinbase which was one that chris recommended all the way to like the point where you have to like log into your bank account but i don't know if i should say this on the podcast i just don't know my passwords to anything so i'm like well i can't log in because i don't know my password it's just auto saved mason on our team and i had this discussion yesterday we were doing something the amount of time that i spend like looking up passwords and like dealing with like password management and yeah i know there's apps for that now but they don't all solve all the issues it's like it's a pain in the ass this two-factor i get it it's security is protecting us i don't want all my shit taken but like damn how could it happen 2024 how can we solve the password stuff can we use retina like something that's only identified by us you know i'd probably give a blood sample to like like in the morning like a finger prick most people are babies about that i don't care about this give me that finger prick if i could if that would give me clear unlimited passwords for the week i'll prick the finger oh my gosh i would not i would not and also i need all of your passwords too so i can't be pricking your finger every time i need you to sign into something oh damn it all right let's figure that out but yeah no i mean that's honestly my only hang up and it's just like i just need to sit down for 10 minutes and do it but you know i have other things going on but you got to do it like when you wake up in the night you need to like you know and you can't go back to sleep.
At least you do something productive. Yeah, exactly.

Get in on that money.

Well, what I've been working on every time I wake up and pick up my phone is I have a client right now that I'm really honed in on growing their social media.

So every time I log in anything, I'm just like trying to grow.

We'll allow that.

We'll allow that.

It keeps the bills paid.

This will be allowed. What's happening in the news? So a few different things.
Looks like the big grocery store companies are suing each other. Albertsons and Kroger, they were going to do a merger.
And it sounds like, according to this article from NBR, on Tuesday, a federal district court judge in Oregon blocked the two $24.6 billion deal. Just basically saying it would monopolize the grocery industry and reduce competition, which would harm shoppers.
As soon as, so that was on Tuesday. As soon as that merger was blocked by the judge, Albertsons abandoned the merger and filed a lawsuit against Kroger.

So, interesting.

You know, we don't even really have Kroger's or Albertsons around here.

Like Kroger's in other parts of South Carolina, Albertsons might be, but I don't think so.

So this, like, I'm speaking like pure, like local, like local like impact very little i do understand these are two of the largest chains i you know who what's what's your

reaction to this like do you think they should block it i mean we had an albertson's um where

i lived in california and it was fine it says albertson's owns safeway and bonds kroger owns

Thank you. Albertsons where I lived in California and it was fine.

It says Albertsons owns Safeway and Vons.

Kroger owns Ralph's Harris Teeter, Fred Meyer, and King Shoppers.

So you might recognize some of those names.

So I think that's where it's more impactful.

That's right. Kroger does own a bunch of the other names.

That's right.

I don't want Albertsons messing up my Harris Teeter now. I know.
That's not jam. So, all right.
This does impact me, damn it. It does.
Well, I don't know. The whole competition argument is a hard one to wrap your head around.
And I do think choice is a good thing i would need to see the list of like all grocery stores across the country all the brand names that fall under each one of these if there's obviously kroger has multiple and think about what that would mean i don't yeah well i don't really like i just don't like the government getting involved in business in the most for the most part so and and here's what their their argument for the merger was that they could own only together only as a merged conglomerate kroger and albersons only then would they be able to survive competing against Walmart, Costco, Amazon, and all of those. Yeah, and that's a good point.
I mean, Amazon and Walmart, between .com and brick and mortar for Walmart, they have such scale. So to say that this puts them at some competitive advantage over them is hard to believe i mean who has more scale than amazon or walmart so yeah i don't think it this is where i'd have to get into the data a little bit more and but now that they're like throwing mud at each other so fast, it's like that.

I don't know that most people have a lot of tolerance for it.

And it's like, it just seems so fucking petty.

Well, it is interesting here at the end of this article, it says the FTC's case prevailed in U.S. District Court, delivering a big win to the outgoing Biden administration who made tougher scrutiny of mergers a central plank of their administration.
Yeah. Let's see.
I would be curious what Trump's position on this is. Something tells me he wouldn't have fought it, being more pro-business and probably more thoughtful of that Walmart, walmart amazon everything else reality so yeah we'll see where it goes i think we can all agree that groceries cost too much for the most part so anything that can get it cheaper if i here's how i would pragmatically i am for this or against this if it will lower grocery costs.
You tell me which side it is. I'll support that because, hey, we can't do what the independent center is trying to do.
And that's further the American dream if our grocery costs keep going up. We talk about the American dream a lot and all i know and and i consider we're

more well off than most americans but we feel it i mean it's expensive i ball i go to the grocery store i feel like i walk in and it's like my i got a 75 bill like just to grab the shopping cart oh yeah i can't get out of there i have four things in the cart it's like

uh 43.79 what yeah i went into the grocery store last week and the brand of mayonnaise that i like to buy is almost nine dollars for a container and so i sat there and i was like hey i have a coupon for this let me find it and i was like oh my gosh like this is crazy like i'm having to like coupon but get my groceries cheaper and i feel like we are definitely living the american dream and even then it's like there it's still tight i ain't too proud to use a coupon especially i, I'm not pulling out a 50-cent coupon.

This was $4 off.

But $4 or $3, $4 off, I'll put that in my pocket. Yeah.

I mean, you know, here's what will happen.

I'm not too proud to use it, but I fucking forget it every time.

I walk out of the store or get home, like, and I dig in my pocket or whatever I did with it.

That's how they get you.

You know, if not in the habit of, like, I don't have't have the man remember that woman that'd be in line in the shopping store they bring out the wallet you know like that full of coupons like a book and you know i was probably i haven't seen that in a long time but i would probably i didn't make fun of that i was more annoyed because like i was like oh god we gotta wait on her to use her coupons that wasn't i didn't it was not judging it was more It was more just like we all want to get through the line as fast as possible. Yeah, that's going to be me.
Yeah. If groceries go up anymore.
That thing adds up, though. It adds up.
So whatever brings grocery store costs down lower, I will vote for that side of it. We'll just keep it that simple.
Yep. The American dream feels increasingly more complex in 2024.
Yeah. Hopefully it gets easier in 2025.
We'll see. If it will, if the Independence Center has anything to do with it, go check out our partner, IndependenceCenter.org.
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What's next? Elon Musk, who we talked about, I think, last week on Weekly Business News, that we were talking about him not getting this paycheck. And then now we're talking about this week, he has surpassed the $400 billion net worth mark.
Wow. Yeah.
So this is mostly due to SpaceX. It says, well, this is an article from NBC News News and the value in Tesla has gone up.
It's Musk's privately held stake in SpaceX that has catapulted his wealth beyond this threshold of 400 billion. It says that SpaceX is the most valuable private startup in the world.
Jeez. I mean, in one way, I'm like, why is it worse than once? And then another way, I get it because space is sort of the next frontier and where a lot of money is spent and a lot of like security with like US.
I don't get it. I mean, I think it's back to a lot of the technology, the propulsion, rocket propulsion, all that stuff.
I think the, I don't know, patents and everything that goes into whatever it takes. And the fact that, I don't know, maybe we are going to colonize somewhere one day.
And it's hard to know the economics, though, of why it's so valuable. Like, where is their revenue made?

That's past my pay grade.

I think it's contracts with the government.

And the fact that the government and NASA are pretty much relying on SpaceX now in a lot of ways.

And you got to also remember, I mean, one trip up, baby, is like $10 million.

You know? It's insane. It costs a lot of money to bring all that together and all the fuel everything else you that gets i mean you talk about up in smoke like jokingly but like is there anything more up in smoke than a rocket ship taking off it's just just like, and it's all the money that's spent making that happen.
But what we don't realize is all the satellites, all the stuff that keeps us secure. There's a lot of stuff that happens in space that we're probably a little, myself certainly included, ignorant to.
Yeah. That keep us protected and control some of our military stuff so i can't totally get my head around what makes it worth 300 billion or whatever but it's crazy it's hard for me to even like imagine what like people way smarter than me have figured out like how to put satellites up there and like control all sorts of things.
Yeah. I, I, they might be, uh, the ones sending all these crazy drones everywhere.
That shit, that stuff's crazy. Like I understanding how, what the most developed country in the world has things flying around that we don't know who and what it is.
Yeah. Come on now.
We got all this technology. You can't.
And we can't shoot those. I mean, I know it's illegal, like shoot a drone down.
I think obviously. No, I think it is.
Airspace. You can't.
You're not like for me or you to shoot a drone down. I think think it's illegal but the government can shoot one of those things like get out there and shoot it down and take it apart and figure out where it came from so the drones so numerous sightings of drones have been reported hovering all over new jersey is that what you're referencing yeah okay so local and federal law enforcement have worked together to find some answers but it's still like kind of a mystery i hadn't heard of this yeah it's crazy and they're all over it but it's they and i read an article like right before we came in i've debated bringing it up but we kind of were talking about spaceships and satellites and all that stuff so it read they

assume now that it's adversarial i'm like great this is the same thing that happened with that

balloon remember yeah around i feel like we never got all the answers on that balloon either other

than it was china and got shot down and somehow it was drifting over here a weather balloon shooting

shooting down a drone is illegal see i told you yeah because you know why you know why i know

Thank you. drifting over here a weather balloon shooting shooting down a drone is illegal see i told you yeah because you know why you know why i know i got my shotgun out to shoot one out that was over our house a couple weeks like a couple weeks ago it was because we had a huge parade here in greenville and there was one that was just hovering over our house because we're right downtown and it was bothering me being right in my sort of airspace over my house and i went out there i was going to shoot it and my wife quickly corrected me and said you know it's illegal to shoot a drone now i'm like you're you're kidding right it's kind of crazy that that's illegal especially on your own property because they can be they have cameras on them so they can be taking pictures but i guess i mean i know in the air.
So that would be the argument. Yeah.
But I'm like, well, what keeps some weirdos from just flying your drones right up in your shit? You know, like. Mm-hmm.
Or what if you have like a property out somewhere? Oh, if I had a property out somewhere, let's just say my wife wouldn't stop me. If I didn't live in downtown Greenville, let's just say that drone would have seen about a thousand pieces.
I would have been like, kids, you got a gift for Christmas. It's called a jigsaw puzzle.
It's 1,500 pieces. Oh, look, it's a DJI drone.
You just got to put it back together. Yeah.
It's like flying up the top of my house, like sitting like 30 feet up. And I'm like, I don't, I knew he wasn't like, he'd care less about anything we were doing and we were doing nothing but sitting inside watching TV, but I heard it.
And then, but still walking around your house naked. I might've been, but you know, I gave him a little show.
I was naked when I had a shotgun out

Oh god I was like, I gave him a little show. I was naked when I had a shotgun out.
Oh God. I'm kidding.
Sort of. But no.
No one needs that visual. Yeah, I know.
Shotgun. Are you kidding? Hey, this is down like 25 pounds around here.
I got a one pack. Come on now.
Oh gosh. The the uh but yeah that drone stuff in new jersey they someone it's does it not blow your mind that that that we don't know what that is or who's causing it a little weird yeah and that the fbi is saying like hey if you have any information please report it to us you're the fbi you're supposed to know like come on man it's gonna sit flying around oh me but luckily elon back to the whole article is worth 400 billion congratulations i was worrying about where his next billion was going to come from and good for him man it's a lot of fucking i mean what do you with 400? I would take, I was telling Sawyer before we launched, I would take one of those.
Yeah, one bill. One bill, you'd be all right.
Yeah, right? Yeah. A hundred million.
Was it nobody? Yeah. A thousand million is what a billion is.
He wouldn't even notice. Yeah, he wouldn't even notice.
A million here, a million there. A lot of money.
That's why, what money that's why what was he doing this shows you that's how much money there is to be made you know like that's why this kraken app is gonna do it you know we're going to a billion baby it's that or i mean for all of our listeners out there there's so many different ways to make a million dollars and to launch businesses or drive

your business forward or 4X your business in 2025. And we know a marketing agency that can help with that.
Oh, yes, we do. Radical.company.
But you know what? Do you know how we're able to do it? Because we stay energized. You know how we stay energized? guys.

Exponent.

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We got Eclipse. Everyone's favorite is the blue ones at the office.
It's like blue raspberry or something. This is lemon lime and orange.
We tried those new flavors on air. I'm ready for this.
Sarge and I were talking the other day. We're ready for those new flavors to come out.
Strawberry, lemon, stuff, whatever. All kinds of new stuff.
They can't be giving away trade secrets, but all kinds of flavors coming out. And again, the best part is, and I've been bad about this.
So, you know, I drink a lot of energy drinks. I just don't like coffee really.
And so got to get that pep, but you need it to be healthy. Don't need all the bad stuff.
Got to stop. You got to wake up and read the labels.
My good friend Jits Molly tells me that. You know, you got to do that.
So you read the labels and you go to Exponent. DrinkExponent.com as well as on Instagram.
Go give them some love. And look, I only promote the products that I like and that i actually use and there's no bigger user of energy drinks than this guy so where do you think all this energy comes from oh i want one of those right now i had a ice cold orange one yesterday afternoon and it just really helped me get some vodka in it no i was day.
Was there some vodka in it? No, I was at work. Was there some vodka in it? What's your point? Yes.
Well, what's the final article today? A growing number of U.S. adults are lacking literacy skills.
Kind of a scary one coming to us from NBC News.

It says, according to a study of adults by the National Center for Education Statistics,

28% of U.S. adults now perform at the lowest measured literacy levels.

Up 19% in 2017.

Let's see.

Means we're using our phones too much. Yeah, I think that's what it is, right? Or it's the YouTube nation, right? You're watching everything.
You're not reading anything. And so...
You know, if you're watching YouTube, that's fine. Just make sure you're watching the Radcast Network YouTube channel.
That's right. You got to look that up.
You got to see all the shows on our network and but i will say my wife would probably her school like ranks like one of the top 10 or 20 in the whole state so she would call that out while also going this doesn't surprise her i'm'm sure. It's sad, though.
Why is it? It makes you want to know what are the underlying reasons for this. Is it because of some variable? You know what I would consider? And I don't have all of the research on this, but how much of this is because of immigration?

So maybe they are not illiterate.

Maybe they just English is their second language.

And so maybe they're scoring low on these tests because it says that those at the lowest levels struggle with tasks like reading instructions, filling out forms, or managing simple calculations.

So I'd be curious to see if there's any data on that.

Yeah.

When asked about potential causes for the decline,

Carr stated that it's difficult to say.

So for the reason, pun intended.

He didn't have the answer. he couldn't read it out loud oh sorry that's the worst quote i know it's like i read that a double take like even when i said it out loud i was like is this a joke did he say pun intended after it, what's the reason for the decline?

Ah, you'll read about it later.

I couldn't really, I couldn't read the report. Oh, geez.
Who knows? So the, I do think unrelated related. reforming exactly how and what we learned that better match the world we live in today is something I could get behind.
I have had this discussion with my wife, and it's not because I feel like what she does and what teachers and administrators are doing every day is not highly important. I just think there could be a better alignment to what are the skills and learning that you need in the classroom.
I think it's somewhat related to this. I mean, literacy and understanding the language, though, is a little different than what I'm suggesting, but it might go hand in hand in some ways because we evolve and maybe we need to teach it differently.

I don't know.

That's past my pay grade on how to teach it.

I just think what we learn, though, needs to evolve with where AI and all the other things that are happening are taking us so that we are productive. Oh, I totally agree.
And I think that there's, we have so much data and we have so much information and there's no excuse for us not to be reforming the way that we're teaching things and giving students the best, you know, access to information and access to help and, you know, mental health resources and, you know, all of these different like resources that we have full access to with, you know, ChatGPT and AI and everything that exists now. And just making sure that, you know, young people also have that access and know where to find help and know, you know, how to learn maybe for their own personality or their learning style.
I think that there is so many ways that we can adapt to better serve our children. So I have big opinions on this.
Yes, agreed. Oh, lastly, I want to say today, you know, it's the biggest news story in the U.S.
has been the shooting and killing of the United Healthcare CEO. And that story is so, you know, we do one time a week.
When we move to more, you know, multiple day news story, we'll probably cover more of that. There's definitely an impact business-wide, culturally.
You know, everything becomes political today, including stuff like that. But the reality is that story is kind of unfolding so moment by moment.
I don't want to come on here when we record this and it's not live and news already be out because it seems to be a very developing story.

And so but my own thoughts are just some of the language and the reactions from certain news people and certain people about like in some way like thinking this is okay because they you know the health care system's broken and like all these things that taking another person's life and not honoring that in some way is just despicable behavior and unacceptable and i think this guy's complete if this guy that's

luigi whoever that they got apprehended ends up being the one he's clearly lost a screw somewhere and and because nothing has made sense from what i've seen coming out on his background But yeah, but but as a society to in any way not acknowledge the crime when someone gets gunned down on the street and the severe like just the humanity lack of humanity in that act is just unforgivable well i totally agree and you know, Brian Thompson is a man who, who passed away, who was killed, you know, and condolences to his wife and his family. I know he was married with young children, I think, or youngish children.
And I totally agree. And, you know, I saw articles on it and, you know, I would go through the comments section of those articles and the comments were very inappropriate on people saying like okay what companies like ceo is next or you know just making comments on health care companies that they were saying that this should happen to them as well yeah i mean reprehensible, yes, thoughts with his family and, you know,

with the authorities that are trying to get this handled in the right way and learn what we need to learn. But again, some things, there'll be things unfolded by the time this episode even goes live.
So I don't want to pretend, you know, that we have the latest, the greatest, other than it's unacceptable and a true bad moment for us when people are getting, I mean, CEOs of companies are getting gunned down in the street. I mean, what is the, we're a civilized nation.
And I know crimes happen every day, but this is unacceptable. It needs to be handled swiftly in the right way.
So we'll see where it goes. But that's all I got today.
Anything else today, Brianna? Nothing for me. Great.
Well, happy holidays. Keep saying it.
Just say, hey, you're halfway through December almost already. You got 12 days.
If you're watching this, they're listening on the 13th.

And so, hey, better get that shopping done.

I'm not ready when you say it like that.

12 days?

12 days of Christmas.

Yes, left.

Aye, aye, aye.

I know.

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