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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: Do you think the sixty forty let's say stock real

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Speaker 3: estate portfolio is going to be the new sixty forty

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Speaker 3: stock versus bond because the bomb market has blown up

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Speaker 3: the last two years and I mean, I'm shocked. Can

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Speaker 3: you tell me why. I know a lot of international

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Speaker 3: companies pour their money out of our bonds, but I

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Speaker 3: never thought obviously the bomb market's flaps this fast. Do

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Speaker 3: you think that sixty forty real estate and stocks will

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Speaker 3: be the new replacement for the next twenty to thirty years.

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Speaker 4: You know, real estate's one of those finite resources as well,

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Speaker 4: so it's as much as everybody would love to own.

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Speaker 4: So it's very hard to own real estate and desirable

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Speaker 4: places where you believe the value is going to go up.

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Speaker 4: Now true, I'm obsessed with these like government landwatch, foreclosure

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Speaker 4: auction things that come across the internet all the time.

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Speaker 4: I get a newsletter that and it's trying to sell

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Speaker 4: me property in places that it's just not viable. So

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Speaker 4: you could be, like, buy a bunch of houses in Arizona.

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Speaker 4: I don't want to pick on Arizona. I'm from New Mexico.

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Speaker 4: But there might not be any water there in twenty years,

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Speaker 4: so that's not such a great idea, right or buy

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Speaker 4: You know, you see these houses for sale and Queen's

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Speaker 4: by the Bay, they may not be there in twenty years.

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Speaker 4: I'm sorry, we've already had sandy. We've seen what happens

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Speaker 4: when the water rises Miami. Right, everybody wants to live

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Speaker 4: in Florida until you live in Florida, right, But Miami

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Speaker 4: is having problem. So it depends on where you're buying

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Speaker 4: what you're buying. Now, if you follow the smartest money

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Speaker 4: in the world in real estate, it's Blackstone right. See

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Speaker 4: Schwartzman donated the public library, multi billionaire. What is he

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Speaker 4: buying warehouses? Where's he buying them everywhere he can? Why?

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Speaker 4: What do we use warehouses for data storage? And Amazon storage?

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Speaker 4: When you drive on the highway? What do you see

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Speaker 4: Amazon trucks when we're doing this? What's going on data storage? Right?

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Speaker 4: So smart real estate is buying things that they can use,

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Speaker 4: not just buying houses in college towns, which isn't a

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Speaker 4: bad thing to do either. But you got to think

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Speaker 4: about where you're buying and what you're buying.

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Speaker 2: JIP, I wonder from an investment standpoint and from a

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Speaker 2: professional standpoint, the landscape for what you do. Your thoughts

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Speaker 2: on open AI and chat GBT as far as finding

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Speaker 2: companies that are leading the advancement in it and you know,

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Speaker 2: putting money behind it. Because I mean, it's not going anyway,

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Speaker 2: and it definitely would be part of the future. So

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Speaker 2: what are your thoughts around it.

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Speaker 4: Yeah, it's one of those things that chet GPT in

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Speaker 4: general's kind of scares me. It's either going to be

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Speaker 4: the worst thing that ever happened to Investipedia or the

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Speaker 4: best thing that ever happened to Investipedia. And I'm gonna

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Speaker 4: believe that it's going to be the best thing. Why

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Speaker 4: because even though it's really smart and it could tell

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Speaker 4: you what is pe ratio or what is compounding or

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Speaker 4: how to invest ten thousand bucks, there's nothing like the

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Speaker 4: personal touch rashad. You're in a you're a former advis

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Speaker 4: you're an advisor, you know what that's like. The relationship

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Speaker 4: is everything, and there's a way to speak to people

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Speaker 4: that it will never be able to do, and there's

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Speaker 4: brand authenticity. We've been around twenty three years, hopefully we

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Speaker 4: will be around another twenty three years. So it scares me.

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Speaker 4: That said, it's also one of those things that I

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Speaker 4: know it's important. I know it's gonna help a lot

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Speaker 4: of industries, healthcare, education, finance. I think it's gonna be

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Speaker 4: very useful in all those industries. But you guys know

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Speaker 4: this well, and every era and every few months there

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Speaker 4: is a new thing. And if you change your company

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Speaker 4: name like Block to Square or Square to Block, or

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Speaker 4: it used to be cannabis, or it used to be crypto.

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Speaker 4: If you play AI in your name right now, your

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Speaker 4: stock's going up ten twenty percent. There's a hype around

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Speaker 4: it as well. We haven't exactly seen the practical applications

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Speaker 4: that will be widespread and change markets forever, but they're coming.

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Speaker 4: I just read something by Bill Gates of all people,

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Speaker 4: on his medium jog about why he thinks it's so important,

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Speaker 4: most important, A ton of things I didn't.

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Speaker 5: Know, so we asked some other stuff that he was

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Speaker 5: going to talk about. But Ian, I think, let's let's

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Speaker 5: talk about those. Let's let's let's talk about the same topics,

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Speaker 5: but let's have if you want to stay on? Can

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Speaker 5: you want to stay on?

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Speaker 4: I'd love to If you're having sorry for yes, dominating them?

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Speaker 5: No, no, no, no, I love it. So now we'll just

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Speaker 5: go back to the regular format and then we'll just

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Speaker 5: have everybody chiming, including yourself. So TikTok's current CEO was

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Speaker 5: grilled by Congress last week based on his commentary is

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Speaker 5: it time for America to be in TikTok or did

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Speaker 5: he make a case that the app is safe? So

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Speaker 5: TikTok is on the fire, has been on the fire

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Speaker 5: for a long time. What is the current, what's your

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Speaker 5: what's your guys thoughts on what happened and the future

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Speaker 5: of TikTok.

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Speaker 3: I don't think that the CEO did an amazing job

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Speaker 3: of giving the lawmakers feeling of safety. I don't think

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Speaker 3: he came off as a threat. But when the grilling

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Speaker 3: was over and still I don't I don't think anyone

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Speaker 3: came to a conclusion of Okay, we can trust him,

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Speaker 3: we can trust this company. Here are the things they're

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Speaker 3: going to do to mitigate any espionage fear that we

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Speaker 3: may have, like a red down.

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Speaker 5: Kind of event.

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Speaker 3: I think a little bit of the things they are

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Speaker 3: worried about are being done by American companies at scale.

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Speaker 3: I think that a big tech company maybe pushing lobbyists

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Speaker 3: too to push some of these narratives, how do you

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Speaker 3: guys like to be doing? Like But even though they've

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Speaker 3: been demonized, he didn't do a good enough job to

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Speaker 3: make even American parents be like, Hey, I'm gonna protect

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Speaker 3: your children but here's the funny part. After that, I

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Speaker 3: saw more kids be excited about TikTok and say I'm

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Speaker 3: not going to use Instagram as much as result or

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Speaker 3: it's not going to use the Instagram more.

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Speaker 4: So.

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Speaker 3: I think this was really Estellemach. I don't think they'll

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Speaker 3: go eventually ban it, even though that's a great talking point.

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Speaker 3: But he didn't do a great enough job to convince us.

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Speaker 2: That he was not a threat to our democracy. This

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Speaker 2: Agree with you. I don't think he made a case

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Speaker 2: that the app is safe, right, So what's the issue.

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Speaker 2: The issue is saying that TikTok can threat in national

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Speaker 2: security and user privacy and can promote pro Beijing propaganda

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Speaker 2: and misinformation. That's the case, right. His defense was No,

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Speaker 2: he says that the company which they're saying that they

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Speaker 2: have other storage and other data is actually going to

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Speaker 2: be stored in a US user database that is maintained

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Speaker 2: by the giant software company name Oracle American Base.

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Speaker 4: Right.

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Speaker 2: The other part which is interesting, uh, is that during

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Speaker 2: this five hour grilling, he brought up some some pretty uh,

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Speaker 2: pretty big investors that are part of the TikTok investment

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Speaker 2: group that you may have heard us black Rock and

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Speaker 2: Sacoia Capital. And so it's like, when when your backs

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Speaker 2: against the wall and the American government is coming after you,

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Speaker 2: let's remind him who's invested in this company. And so

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Speaker 2: they reached out to black Rock and obviously Seqoia Capital

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Speaker 2: and K and KKR. Nobody had a comment. So do

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Speaker 2: I think he made a case to show that I

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Speaker 2: was safe. No, But he also put out a reminder, Hey,

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Speaker 2: these American companies are also part of this. The other

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Speaker 2: part with that I found this is like the number

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Speaker 2: one deleted app. You know what the number one deleted

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Speaker 2: app is right now, I'd face Instagram Instagram.

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Speaker 5: Yeah.

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Speaker 2: Interestingly enough, most people may ask what is the app

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Speaker 2: that they want to delete? It's it's Instagram, And so

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Speaker 2: it goes it goes into that that level of defiance.

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Speaker 2: What we can't do, we want to do more, And

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Speaker 2: so it makes sense why kids would want to be

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Speaker 2: on something that they're saying that their parents or the

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Speaker 2: older folk are saying you shouldn't use, you shouldn't use. No,

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Speaker 2: this this is ours. It treated like it was the

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Speaker 2: same way when Facebook came out, was like, oh, this

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Speaker 2: is for us. Your parents aren't allowed to be here.

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Speaker 2: So it's interesting. Do I think he made his case?

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Speaker 5: No?

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Speaker 2: Do I think it will be banned. I'm gonna monitor

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Speaker 2: it closely. It's it's it's interesting. It's especially the government

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Speaker 2: when we were talking about by partnership there there's some

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Speaker 2: things that they're never going to agree on. But it

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Speaker 2: felt for that five hours that this is a topic

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Speaker 2: that everybody's on the same page with.

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Speaker 4: Yeah, I think you might be right, And I think

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Speaker 4: what we also learned is how little lawmakers understand modern technology. Yes,

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Speaker 4: that part that was crazy, but that said, remember, uh,

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Speaker 4: you know I'm dating myself, but Napster, right, that was

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Speaker 4: against the industry, and the industry railed against Napster, but

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Speaker 4: Napster found its way, you know, into the people that

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Speaker 4: really wanted it, and then it's spot off all these

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Speaker 4: other things that became the way we stream music ultimately.

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Speaker 3: Apple Music and Spotify.

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Speaker 4: Yeah, exactly. So it's one of those things that may

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Speaker 4: go wonder but it's going to come back as something

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Speaker 4: else because people that like it and people that use it,

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Speaker 4: and creators and tech enthusiasts and really smart people know

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Speaker 4: their way around this. So even it gets banned, people

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Speaker 4: are going to use it right, and then it's going

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Speaker 4: to come up as something else and it's going to

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Speaker 4: be probably even more dangerous. But he didn't convince anybody,

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Speaker 4: and not that anybody would ever believe even if he

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Speaker 4: said to our faces, no, your dad has one hundred

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Speaker 4: percent safe. We're not doing anything with it. Of course

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Speaker 4: they are.

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Speaker 5: Yeah, yeah, I think TikTok is, don't. I don't believe

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Speaker 5: in TikTok.

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Speaker 3: I don't believe though.

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Speaker 5: I don't believe it's as strong as as is made

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Speaker 5: out to be, as the eye test is not. I

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Speaker 5: have a very good post on pop culture current events.

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Speaker 5: And I'm not convinced with TikTok. But social media at

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Speaker 5: I think social media as a whole is kind of

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Speaker 5: falling apart. You can block, you can buy blue checks

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Speaker 5: on Instagram. Now you can buy blue checks.

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Speaker 3: Which is smart for the business.

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Speaker 5: It's bad for the It's bad for the brand. Exclusivity

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Speaker 5: is always is always a major part of any marketing

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Speaker 5: campaign in any type of you know, you want to

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Speaker 5: be in the club that nobody else is in. It's

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Speaker 5: bad for the brand. I think you can't reach your

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Speaker 5: full audience. That's always been an issue. The algorithm, it's

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Speaker 5: so much nonsense. It'll be interesting to see what the

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Speaker 5: next iteration of social communication will be. Maybe it's something

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Speaker 5: with you at GBT, maybe it's something with AI. I

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Speaker 5: think that that it definitely will be in that and

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Speaker 5: I think it's actually smart that Meta at least is

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Speaker 5: trying to try to be the Fourfront. I don't know

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Speaker 5: if they will capture that audience or not, but I

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Speaker 5: think social media it doesn't have too many days left.

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Speaker 5: When I say days, I mean like years, Like you know,

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Speaker 5: they still they're not going to fall apart tomorrow. But

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Speaker 5: I think it's on its downward. Yeah, there's too much

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Speaker 5: nonsense happening on social media period.

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Speaker 4: I got teenagers and for them it's Snap all day long.

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Speaker 5: Yeah, kids is communicating on snap snap. My son doesn't

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Speaker 5: even send regular text messages a Snap group chat. So

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Speaker 5: Snapchat is still very viable. As far as the communication,

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Speaker 5: it's scattered. It's all scattered. They're using Snapchat to communicate,

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Speaker 5: They're using TikTok to find restaurants and recommendations and dances.

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Speaker 5: And then people are on Instagram for their news and

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Speaker 5: celebrity gossip. They're on Twitter. So they're just using different

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Speaker 5: platforms for a variety of different reasons. So social media

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Speaker 5: is and shambles. But we'll see what happens. We'll see

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Speaker 5: what happens. But I'm just not a believer in the

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Speaker 5: long term viability of TikTok. My graduates from my school

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Speaker 5: being forced bad and drop.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned and deported, you will

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Speaker 1: never return. But if you register using our c MVP

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Speaker 1: home app and leave now, you could be allowed to

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Speaker 1: return legally. Do what's right. Leave now. Under President Trump,

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Speaker 1: America's laws, border and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security.