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

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What's up guys? Welcome to Right About Now.

It's our weekly business news of the week here on November 1st.

Thank you. Well, it starts right about now.
What's up, guys? Welcome to Right About Now. It's our weekly business news of the week here on November 1st, 2024.
One week to Election Day, or I think, or three days to Election Day. What is it? Whatever it is, it can't happen soon enough.
And here as we enter November, there's all kind of sayings for November, guys. I know there's like multiple.

No shave November.

No shave November.

There's another one.

What's the other one?

I don't really want to.

I don't want to say it. I don't really want to partake in it.

If it's what I think it is.

But nonetheless, Chris, what's up, brother?

What's up, bro?

How you doing?

I'm good, man.

Hopping from one to the next and having my tasty kombucha here this morning.

The stalker said, no way I'm drinking kombucha.

Mmm.

Tasty.

It's tasty.

Brianna, what's up?

I am doing great.

I just read what the other November challenge is, and I'm not saying it out loud. You didn't know what Chris and I were talking about.
I had no idea. I was like, what is it? So I was like, I don't even want to say it.
I don't want to partake. You guys can Google it.
It's a new challenge for your husband, Brianna. Nope.
Let's just say it's triple N's. That was a quick no.
Yeah. Triple N's.
Is that right? Am I doing my... Yes.
Yeah. Okay.
NNN. Yeah.
We're doing about the same thing. So we're going to be like the anti-triple N here right about now.
When everybody else goes left, we go right. We don't recommend the NNN challenge.
Yeah. No.
It's not an election year. Oh, here we are.
End of November. Got two months left.
My wife is already starting to decorate for holidays. For like Christmas.
Really? She decorates for Christmas before Thanksgiving. She's one of those.
Oh, gosh. No.
December 1st, is it? I can't take it much longer than one month. Yeah.

It's a thing.

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.

I mean, there's a lot of, with all the shit we have,

like seven Christmas trees.

Seven?

Like some of them, the miniature, like, you know, five-foot kind, kind but two or three the big daddies it's a thing i was 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 so we take the to-go tree to the airbnb set it up. But then we also have like our main 30-day Christmas tree.
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 flat against the wall.
Like it was tall. It was a triangle like the tree and it had decorations on it, but it kind of rolled out on the wall.
Yeah, it had lights on or whatever. Flat on the back.
Yeah, flat on the back. It could be flush.
He was like. You can make those for the corners too.
That's awesome. He's like, this is a billion-dollar idea, but I know execution's everything and he never.
But I thought, I kind kind of laughed it when i was a kid because he's had this for like 30 years and but now i don't know that that's a bad idea yeah i like that idea for like single people especially easy or just yeah you roll it out baby we are uh like go cut down your christmas tree in the national forest? I don't know. I've been trying to figure out

where in South Carolina

we can do that.

Griswold style.

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.

Look at us

jumping straight to Christmas here.

I know.

Nicole will be proud.

We skipped right over Thanksgiving

and Black Friday

and all that stuff went straight to it. But, you know, I think it's anything to not talk about elections and everything else.
So we'll see. We'll be behind this.
We purposefully have a very limited amount of presidential coverage on the news today. I know.
I barely have enough energy to talk about it, but you know why I do have energy? Because before I got this healthy kombucha, I had my exponent. It's the powers of the podcast.
That's the only way you have energy. Look, it's been a long election year.
Look, long season. The reason for the season is exponent.
That's's what I'm talking about. Anyway, they are the official energy drink provider.
They get us through the holidays. They get us through these episodes where we get tired of talking about, you know, two candidates battling each other out here.
One of these is going to get the belt. We're not going to send this one, but one of them is.
But who gets the belt every time is Exponent, the official energy drink of Right About Now. And Ryan Alford keeping me pumped up.
I had six before the show. I'm ready.
I'm kidding. Don't drink six.
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 thanks to them go check them out exponent energy drink exponent on instagram drinking drink exponent.com that's exp but they got the big x x marks the spot for energy appreciate them i got right to it 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. So their rebrand in 2009.
And 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. 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. Oh, it's the old logo change for iconic brand.
I could see him in the boardroom.

All right, sales are slumping a little bit.

I was thinking about, you know, an influencer campaign.

No, let's redo the logo.

Magic.

There it is.

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.

Yeah.

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

I like it.

I think it's a vibe.

I think it's cool.

It's just.

It reminds me of Irish Spring.

Yeah.

I was going to say it feels familiar. Yeah.
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.
Coming do the do in Ireland with our soap. Hey, that's pretty good.
Irish accent from Chris. I think Irish.
I didn't know you had it in you. I like that.
Can you talk the whole episode that way? I can try, but it would be a struggle. Yeah, so Irish Springs old packaging looked very similar, but they have since also rebranded.
Man, I guess soap sales are slumming it too. Yeah.
I will say, of all the sodas, being an energy drink guy, being an exponent energy drink guy, you know, like, I got to feel something. 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, pretty good. I drink a Mountain Dew and I feel like when I'm drinking it and it's like that bright color, you know it's all artificial.
It makes me feel like I'm going to get like the Teenage Mutant Ninja Turtles or something. Neon.
Yeah. What's so funny is like...
It's like a little number five. Yeah, I'm good.
Oh boy. And look, 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, uh, artificial flavor? Yeah.
I'm like, did they switch to cane sugar and not corn syrup with the rebrand? Cause I'm thinking people are cutting down because of health reasons, not the branding. Yeah.
Yeah. yeah the mountain's not full of anybody maybe that mountain do zero i don't know but do the do and i do think that i can't help but think that like traditional soda's hurting a little bit with the fight against sugar and everything i think that's why coke zero coca-cola's i mean they're spending bukus on coke zero everywhere if you see i I can't remember actually the last I saw a Coke original commercial versus a Coke Zero commercial.
I see a lot. It is because it's funny you say this.
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. Now only drink diet because I'm trying to be healthier.
And I'm like, all right. Bro, drink some water.
That too. Yeah.
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. Baby steps.
Yeah. Okay.
Okay. I'm not really a soda drinker i'm a la croix girl through and through i can't i gotta have a little sweetness in my like the croix doesn't have it it's just fizzy water with a flavor i don't have water it's naturally i'll tell you what element tea that the electrolyte, they just came out with a canned sparkling electrolyte drink.

That's kind of been a good little soda replacement for me.

There you go.

You'll have to try it.

I replaced my soda with soda.

The Coke Zero, I posted that.

We talked about it a couple weeks ago, Cherry Coke Zero.

You replaced your soda with an energy drink.

Yeah, that's true.

That's true.

Or kombucha.

My thing is this. I would rather.
This is real, Ryan. Just tell everyone it's a Bud Light.
Having a Bud Light. It's fizzing.
It's fizzing. It's not Bud Light, I swear.
It's not out of the question that it could be, but it is not today. We did just refill the cake.
Yeah, that's not it, though. If I'm going to drink my calories, I'm going to drink them in a craft beer or a glass of wine.
Yeah, I agree. That's why I went to zero.
Zero has zero calories. I know that the chemicals are unhealthy.
I've cut back. I don't need the lesson.
However, if you're going to drink a soda, I can't help but think that zero is better than a sugared one. They both have the chemicals that are nasty, but at least one doesn't have 180 calories and four tablespoons or like one of a pile of sugar this high or something.
Yeah. There's another reason to drink Exponent.
They got zero, no adaptogens. They have adaptogens, but no bad stuff.
I'm staring at a can. They're getting bonus.
I love these guys, but they're getting bonus today because it fits in. Plant powered.
Yes. They got none of the bad stuff.
I'm staring at the can. They're getting bonus.
You know, I love these guys, but they're getting bonus today because it fits in.

Plant powered.

Yes.

They got none of the bad stuff, all the good stuff.

Those things are amazing.

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.

Yes. I got the thumbs up.
we got perfect synergy here on the set and i don't want to disturb the chi 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 shit all the time and they think all, the logo change. And it gives it a fresh little pop.
It gives you some news. It's kind of more of a PR play.
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 Chris's comparison to Irish Spring. That would be a good brand mashup of sorts.
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 cracker, Goldfish, as you know and love them, but they are called Chilean Sea Bass.
And it says their whole marketing campaign is adult sounding name, same goldfish taste. So it's not actually flavored Chilean Sea Bass.
It's just called Chilean Sea Bass and they are sold out. They sold out like immediately.
You can't even get them anymore. I mean people will collect anything.
That's what I was going to say. Must have some collectors or something.
And then it's like you're going to have that bag of crackers that go stale. That tastes just like a regular fish.
30 years ago when these came out,

then it's going to be on that show where they eat

stuff on YouTube.

They eat stuff that's like 50 years old

or something. They open it up to see if it's any good.

My kids

watch that. I'm watching it.
It's pretty

fascinating. They got one of those

cake. You remember those old cake makers?

You make little bake cake.

Like an easy bake oven?

Easy bake oven.

Yes.

They were making one from like 1960.

It didn't go over well.

I had an easy bake oven.

Easy bake.

I'm sure you did.

I did.

Little baker.

My very first job was being a baker's apprentice when I was 16. Aw.
Did you wake and bake? As a child. I plead the fifth.
Yeah. That was quick.
Chilean sea bass crackers. Look, this is another good PR play.
I like it. I like it.
From a marketing perspective, it's hard to get attention. You know? in today's world 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 it's just it sounds very fancy next they're gonna have like uh escargot escargot crackers i love that it's just like cheddar flavor like the same old same old you've always gotten labeled Chilean 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 of different things but oh well do you want to take us into basketball? Oh, sure.

You didn't even want to set it up?

I mean, I do, but I'm a little nervous.

I'm not up to my basketball speed here.

Oh, yeah.

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

Yep.

He's one of the highest rated recruits coming into this season playing for Duke. Shocker.
The good get better. And so he's signing in all deal with Gatorade.
All these guys are signing 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. And with the new NIL deals, these players can get paid for their name, image, and likeness and it 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. They don't have the regulations around it that they need to uh it used to be you knew like the 500 handshakes were happening behind the scenes and so that's gone which is good it's now in front of the scenes but you've got guys signing these huge deals before they you know even get to the pros and i think people should look feel to profit on your own name and image i mean mean, that's pretty much what influencer marketing is.
But at the same time, there's this slippery slope where you've got different players on the team getting paid different amounts, different deals. It can cause some turmoil sometimes between teams or has the potential to do that.
I don't know that that's been proven yet. 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, depending on how rare their talent is.
But I think you're seeing more and more of these deals even take place before these athletes make it to college. Because I can tell you this.
Before they make it out of college. Yeah.
I mean, I have the outline of a book called Raising a Brand. Because literally, there's a strategy to this.
And I don't know if any 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. I did this probably four years ago, like Nash alford.com hudson alford.com hudson at hudson alford on instagram on tiktok on i got own all i have all their usernames and their urls already because you know planning ahead not only because for for you know athlete you know athletics but for just personal brand's sake to own these things because you never know when they get taken.
Crazy that that's an asset that you should look into for your children ahead of time. I haven't thought about that.
For yourself, too. I didn't do that in college.
I had to build a website on my name, like a domain, like a personal brand site. Well, there's 20 million Brianna Halls.

There's only one true

Chris Hansen, and he's not on Dateline.

You do have that.

I'm the new one.

He's the newest one. He's not chasing the

Predators.

Probably twice a month, someone's like,

Chris Hansen, Dateline NBC. yeah, bro, it's my uncle.
Yeah. But Cooper Flagg, it's a pretty recognizable and memorable name, but you'll be hearing a lot more of it.
Good player. Very rangy, I would say.
He's kind of like one of those 6'8 kids that's

shoots runs and does it all jumps well it's 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 draft pick and it i'm sure this is a

seven-figure deal already so there's real money being thrown around with NIL. And I think of it really back to just, it's influencer deals.
But they have their influence is driven by their athletic ability and the eyeballs because Cooper Flagg is on Duke's team. And think about the aware, like, how often does Duke get shown on television? And 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 because that's the way you think about these deals is no he's not gonna have a Gatorade logo on his not yet on his Duke jersey but the more known he is the richer this deal is for Gatorade and so that's the way you have to think about it 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 Ohio State name, more impressions on television, more known.

And so the player combined with 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,

Thank you. being showy, but being approachable to brands, being willing to do content and do things like being open to this stuff.
Cause it's not natural. I mean, you think about even doing podcasts and people, it takes getting in front of the camera and doing those kinds of things.
The faster that you can get comfortable with that, the bigger your deals will be. Cause there's guys that get bigger deals that might have a little less following, but a huge personality.
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 so things to think about things that these brands think about when they sign the deals uh and this guy's just at the top of the class something 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 They're tying to it early. Because if he has a first-round draft pick, he'll have a pro deal and everything else.
It is interesting. I think that it's good for these players to benefit from all of their hard work before they have to wait until they become a pro.
Because I think that's kind of what's happened in the past. They've almost been penalized for not yet being at that level.
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. Other than the free $300,000 scholarship that 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. And I agree with you, by the way.
And the scholarship isn't in comparison to million-dollar deals, so I get it. 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 pro sports and pre-pro sports colleges. We don't have to hide about it anymore.
It just is what it is. Yeah, college is a really interesting topic.
We won't go down that rabbit hole, but the landscape is changing a lot. Yes, it is.
Well, we thought this was interesting. This morning on the Radical team, we discovered that Robinhood, the app, you can now bet on which candidate you think will win the U.S.
presidential election. So we put this, this is our only election coverage, but we just thought it was interesting that now you can place a monetary bet on who you think is going to win.
I thought they'd had this stuff out there. They'd have the...
I think Polymarket, you could do it in Vegas, but Robert has rolled it out on the app now. Okay, nice.
So it's essentially 63% chance Trump wins, 38%. Man, am I reading that data right? Yeah.
At least according to how they're doing it. 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 i think it's based on the bets being made on the app but i'm not certain all right let's see i mean i'll i kind of want to take kamala for 38 cents even though though 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 if it's there,

yeah,

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's might be going the other way and hope that it is,

but just saying if you,

cause look,

Thank you. Now, I tend to think it might be going the other way and hope that it is, but just saying.
Because, look, that's what happens. People vote.
You don't gamble with your heart. Yeah, you gamble with your head.
That's what happens with, like, football. Oh, yeah, I love that team.
They're definitely going to win by that much. You're just totally going all heart, not like logic.
So I don't know. Is it really trending that heavy to Trump in your mind, Chris? I don't know, man.
I don't know what to believe. Yeah.
Because, you know, if you based on social media, it's like, well, is the algorithm just showing me certain things? I do feel in the last week, I have seen more criticism of her, even I feel from the media. Yeah.
So I could see, and that, and let's be real, you still have a lot of people heavily swayed by the media. So I could see that.
But again, I don't really know what to believe. There's just so much.
If you go to a media outlet that's pro Kamala, and it will make you think that she's absolutely winning. They're not showing.
I go to a site that 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.
I just go there sort of to, you know, 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.
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 that.
But then, like you said, Chris, if I'm on social media and I know it's the algorithm and stuff like that, everything else and the more middle-of-the-road media seems to be sort of throwing a little more darts at her. So it's who who the hell knows what to believe.
Well, and then you've got like Trump on Joe Rogan. Obviously that's huge.
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, 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, 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, a little bit more free thinking. So maybe you had 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 yeah 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 like and like christ Tulsi Gabbard, if they're female, would make it really interesting.
If there was another female Republican. 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? You're always going to have it fairly even because there's a lot of Democrats are never going to vote Republican, but it, I still think it might be a landslide, but God, it would be an earthquake landslide if his name wasn't Trump. So this is super interesting in regards to this bet.
It says more than $100 million has been legally wagered on the presidential race days out from election day. Betters will bet on anything, man.
That's all that needs. They will gamble on anything.
They probably saw this this morning and immediately jumped on Robinhood and placed bets. I'm not going to lie.
I was tempted. But Robinhood doesn't have a great reputation after the whole GameStop, when they shut down trading and all that.

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

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.
I like those odds. Yeah.
It's just what is the betting market? Is it Robin Hood? Well, this is the betting market. Back in 1840.
Yeah, so there's Kalshi. It's in the saloon.
There's a Yeah. There's a couple of them.
Robin Hood Call She are the two big ones I got my six shooter and my bed in Alright We'll see what happens A couple weeks ago We had talked about the TikTok Chase Bank glitch that was trending on TikTok.

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.

Yeah, our YouTube video.

And if you get time to plug the YouTube channel, we have one of the fastest growing business podcast, YouTube channels, get over there and check that out right about now to search that on YouTube. But that was one of our biggest videos.
Go figure a couple of thousand views. And it was all about this.
And we either fueled more of it or got people to stop. I'm not sure which one, but go figure.
You're going to get sued if you steal. Oh, man.
Rating bad checks. Shocker.
Shocker. They go after you.
I was really surprised that two of the people that are getting sued are businesses in Florida that participated in this scam. That caught my eye, too.
Well, it didn't take much to open a business. I mean, you know.
Yeah, they probably formed a LLC and just wrote blank checks just to get some scam money out of it. I would imagine these people probably will no longer be able to bank with Chase after this.
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.
So how's he going to pay that back? He's going to need a lawyer. Yeah.
I just can't believe that.

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.

And a few grand, three or four grand, five grand, something.

But the fact that they allowed this on the $335,000 check or even down further in the article, two $240,000 checks. It's like,

it's kind of like,

it's Chase's fault.

That's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's,

that's, that's, that's, that's, that's, that's, that's, $35,000 check or even down further in the article, two $140,000 checks.

It's like,

it's kind of like Chase's fault to that point.

Like,

dude,

you're a software allows that.

Yeah.

Yeah.

Bank error in your favor.

Uh,

not really,

but still Chase is suing to get the funds returned.

Yes.

Wild.

Wild. Also, how'd you get that much money out of the ATM? I thought the ATM had like a limit.
It does. Well, they were probably walking in, getting the teller to give them some.
Then rush the ATM. They might have doing like going to different ATMs, $1,000 a day or something for a week.
Maybe they're breaking off the bank teller cut too. It runs deep.

Speaking of deep, deep in the TikTok industry,

TikTok's founder has now become China's richest man.

I am not going to attempt to pronounce his name, but he is the co-founder of ByteDance,

and he has now become China's wealthiest person

with a net worth of 49.3

billion is that yang or zang zang 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 zang yiming huh you know it's not that that's too easy but we'll find out his his rich dude in china and the owner of bite dance co-founder of bite dance excuse me go figure 49.3 billion with a nearly 50 percent increase year over year he's doing some good investing there doubling up doubling up in a year essentially

43% increase. And if he sells, if the U.S.
ever forces them to sell, it'll make a lot of those B's. It's worth quite a bit.
Is he limited to what he can spend it on and being in China, communist China? I don't know. How much of that does he have to give the government a year? I just want to know.
Could they take his funds at any moment? I mean, that's kind of how... Great question.
Are you really a billionaire if you're in China and it's in Chinese bank accounts? 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. It says that being a billionaire in China can be challenging.
I bet. You think when a communist country might just decide they want to take your money? And you can't criticize the Chinese government if you do have money because you will face political backlash.
It says quite a few billionaires have left China and an additional 15,000 high net worth individuals are expected to leave China. Let's just say if I was in China and I had that kind of money, I'd be offshoring that however you can do it and planning my exit.
So just saying. Well, for us normal people in America who are not billionaires, Billionaires.
Yeah. Sounds like job openings fell to 7.4 million, the lowest since January of 2021, indicating a slowdown in the labor market, especially in health care and government sectors.
I don't know why in those sectors, but it's not surprising. You know, we've been hiring a few positions and I feel like the candidates have been better.
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 response rates, things like that. The people that seem to be in the market.
Yeah. Just my observation as a small business owner.
So it's not totally surprising. And I feel like some of the, it's like all the other economic metrics had to catch up to the job market at some point.
Right. So I think there's some of that as well.
Yep. Totally.
Well, hopefully everything after, let's see, today's November 1st. We have three more days.

I think we will see some changes in the economy based on the outcome of November 4th.

Yeah, it will be interesting.

I mean, it's going to be surface level, just sort of, I don't know, temperament reactions

because no president getting elected on the 4th.

No one, they don't take office until next year. And so it's all sort of become speculation.
Emotional. Emotional speculation.
I could see Bitcoin, if Trump gets elected, going up. Oh, yeah.
And then kind of going back down. Yeah.
So. The stock market probably as well.
Get a good pump and then it'll kind of chill out. Yeah.
So I think a lot of those metrics, if Trump not and this is just it's not because I'm voting for Trump, but but like because he's new. I know he's already been president, but because it's a new candidate, new party coming coming in which always brings sort of what is what everyone's sort of sentiment is it's like new energy new things whether true or untrue ultimately no matter what the policy it's sort of that sentiment more than anything it's sentiments powerful in the market well and i was having this conversation recently with somebody is so we've been in four years of the current administration 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 oh did i fall into my mic i was just thinking about what you were saying.
Yeah. Whole business owners everywhere are.
Yeah. 12 more years.
That's spooky. Eight more years.
Eight more. Oh, geez.
Just one more decade, you guys. We'll be all right.
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, you know, pushing forward.

That's the great thing about America.

But I just don't know if I can handle some of the, 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. It's good for everybody, you know? Oh, I think that's it for today.
We appreciate everybody out there. Chris, any final words? Appreciate you guys listening.
Like and subscribe. Yes.
Brianna. Go vote.
Go vote. Get out and vote, folks.
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