1 00:00:03,120 --> 00:00:10,879 Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. 2 00:00:14,000 --> 00:00:16,919 Speaker 2: Well, Elon Musk gives now the richest person on the planet. 3 00:00:17,239 --> 00:00:20,120 Speaker 3: More than half the satellites in space are owned and 4 00:00:20,200 --> 00:00:22,040 Speaker 3: controlled by one man. 5 00:00:22,560 --> 00:00:25,560 Speaker 2: Well, he's a legitimate super genius. I mean legitimate. 6 00:00:25,760 --> 00:00:28,400 Speaker 1: He says he's always voted for Democrats, but this year 7 00:00:28,440 --> 00:00:30,200 Speaker 1: it will be different. He'll vote Republican. 8 00:00:30,440 --> 00:00:32,879 Speaker 4: There is a reason the US government is still reliant 9 00:00:32,960 --> 00:00:35,520 Speaker 4: on him. Elon Musk is a scam artist and he's 10 00:00:35,520 --> 00:00:36,920 Speaker 4: done nothing. 11 00:00:37,760 --> 00:00:40,519 Speaker 2: Anything he does, he's fascinating people. 12 00:00:50,680 --> 00:00:54,360 Speaker 3: Welcome to elan Ing, Bloomberg's weekly podcast about Elon Musk. 13 00:00:54,440 --> 00:00:58,880 Speaker 3: It's June fourth. I'm your host, David Papadopolis. This week, 14 00:00:59,080 --> 00:01:02,200 Speaker 3: with the US still reeling from Donald Trump's felony conviction, 15 00:01:02,440 --> 00:01:07,319 Speaker 3: we have politics on the brain, particularly the strange on again, 16 00:01:07,640 --> 00:01:10,720 Speaker 3: off again alliance that has been brewing between Musk and Trump. 17 00:01:11,360 --> 00:01:13,959 Speaker 3: There's been new reporting from US at Bloomberg and from 18 00:01:14,040 --> 00:01:17,200 Speaker 3: the Wall Street Journal about their meetings, plus news that 19 00:01:17,520 --> 00:01:20,320 Speaker 3: X will be hosting town hall events for Trump and 20 00:01:20,400 --> 00:01:24,399 Speaker 3: separately for RFK Junior. Before we dig into all that, though, 21 00:01:24,520 --> 00:01:27,399 Speaker 3: we'll do a rundown on some developments in Elon's seemingly 22 00:01:27,560 --> 00:01:31,120 Speaker 3: never ending legal troubles. To break down the latest on 23 00:01:31,200 --> 00:01:35,200 Speaker 3: a pair of X related lawsuits, were joined by BusinessWeek 24 00:01:35,319 --> 00:01:40,720 Speaker 3: senior writer and mister all around guy Clarksfield South High 25 00:01:40,760 --> 00:01:43,080 Speaker 3: School two thousand, Max. 26 00:01:42,920 --> 00:01:45,920 Speaker 5: Chafkins close, Thank you, great to be here, David, What 27 00:01:46,200 --> 00:01:46,960 Speaker 5: I get wrong? 28 00:01:47,280 --> 00:01:49,800 Speaker 2: Clarksfield, Clarkstown, Everyone knows that. 29 00:01:50,280 --> 00:01:55,200 Speaker 3: And Kurt Wagner, author of Battle for the Bird and 30 00:01:55,400 --> 00:01:58,360 Speaker 3: a reporter for US covering social platforms at Bloomberg. 31 00:01:58,480 --> 00:02:01,000 Speaker 4: Kurt, David, how are you? 32 00:02:01,040 --> 00:02:01,720 Speaker 6: Thank you? Thank you. 33 00:02:02,760 --> 00:02:05,600 Speaker 3: Later on, we're going to be joined by Bloomberg national 34 00:02:05,600 --> 00:02:11,200 Speaker 3: political correspondent Nancy Cook. But let's get right into this 35 00:02:11,639 --> 00:02:16,800 Speaker 3: suddenly seeming maze of lawsuits in legal troubles that Musk 36 00:02:16,880 --> 00:02:20,080 Speaker 3: is in again, Kurt, So bring us up to speed 37 00:02:20,080 --> 00:02:22,080 Speaker 3: a little bit here, because it's been coming on the 38 00:02:22,160 --> 00:02:24,079 Speaker 3: legal front fast and. 39 00:02:24,080 --> 00:02:24,800 Speaker 6: Furious of late. 40 00:02:26,080 --> 00:02:30,200 Speaker 4: Yeah, there's probably a dozen or more legal disputes that 41 00:02:30,280 --> 00:02:32,360 Speaker 4: Elon and X are dealing with right now, but the 42 00:02:32,400 --> 00:02:37,120 Speaker 4: most prominent one is this SEC investigation into whether he 43 00:02:37,280 --> 00:02:41,840 Speaker 4: violated laws by purchasing the Twitter stock in the way 44 00:02:41,880 --> 00:02:44,000 Speaker 4: that he did back in early twenty twenty two. So 45 00:02:44,200 --> 00:02:45,520 Speaker 4: to remind folks. 46 00:02:45,400 --> 00:02:46,720 Speaker 6: Prior to the takeover you meet. 47 00:02:46,919 --> 00:02:49,960 Speaker 4: That's right before he actually acquired the company, he was 48 00:02:50,160 --> 00:02:53,760 Speaker 4: building a position in Twitter starting in late January of 49 00:02:53,800 --> 00:02:57,160 Speaker 4: twenty twenty two. The public didn't learn about that position, 50 00:02:57,440 --> 00:03:01,080 Speaker 4: that that stake that he'd acquired and to two months later, 51 00:03:01,440 --> 00:03:04,320 Speaker 4: and in those two months, Elon acquired more than nine 52 00:03:04,400 --> 00:03:08,120 Speaker 4: percent of Twitter stock without ever publicly disclosing this. Now, 53 00:03:08,160 --> 00:03:11,400 Speaker 4: the SEC's rules state that once you cross this five 54 00:03:11,480 --> 00:03:14,960 Speaker 4: percent ownership threshold, you're supposed to file paperwork. It then 55 00:03:15,000 --> 00:03:17,920 Speaker 4: becomes public everyone knows. Okay, Elon Musk is, you know, 56 00:03:17,960 --> 00:03:21,959 Speaker 4: a major shareholder in Twitter because he did not do that. Now, 57 00:03:22,000 --> 00:03:25,560 Speaker 4: the accusation is, did he keep the price of Twitter 58 00:03:25,639 --> 00:03:28,919 Speaker 4: stock artificially low so that he was able to buy 59 00:03:28,960 --> 00:03:30,760 Speaker 4: more of it at a lower price? Right because the 60 00:03:30,760 --> 00:03:33,080 Speaker 4: minute he says, hey, I'm buying Twitter stock, the price 61 00:03:33,160 --> 00:03:35,560 Speaker 4: just shoots up. So the longer he delays that, the 62 00:03:35,600 --> 00:03:36,800 Speaker 4: better deal he gets. 63 00:03:36,640 --> 00:03:38,560 Speaker 3: Just like when he says he's buying doge coin and 64 00:03:38,600 --> 00:03:44,200 Speaker 3: the price shoots up. Now, that's what the SEC is 65 00:03:44,240 --> 00:03:48,760 Speaker 3: looking into. And now there has also been a separate 66 00:03:49,000 --> 00:03:53,320 Speaker 3: lawsuit from investors more or less around the exact same issue. 67 00:03:53,360 --> 00:03:55,040 Speaker 6: Is that right, it is the same issue. 68 00:03:55,120 --> 00:03:58,560 Speaker 4: Yeah, and this is the wrote down the Oklahoma Firefighter's 69 00:03:58,640 --> 00:04:01,880 Speaker 4: pension and retirement system them, So basically the pension fund 70 00:04:01,920 --> 00:04:04,880 Speaker 4: for firefighters in Oklahoma are saying, hey, wait a minute, 71 00:04:04,960 --> 00:04:09,000 Speaker 4: we own stock in Twitter. They actually, I believe sold 72 00:04:09,360 --> 00:04:12,400 Speaker 4: stock in Twitter during this period. And their complaint is 73 00:04:12,440 --> 00:04:15,360 Speaker 4: because they didn't know that Elon was buying these shares, 74 00:04:15,600 --> 00:04:18,240 Speaker 4: they sold that at a lower price than they could have. Right, 75 00:04:18,320 --> 00:04:21,400 Speaker 4: And so this lawsuit's really interesting. They just issued an 76 00:04:21,520 --> 00:04:24,440 Speaker 4: updated version of the lawsuit last week which had all 77 00:04:24,520 --> 00:04:27,960 Speaker 4: kinds of juicy details about Elon and his business manager, 78 00:04:28,040 --> 00:04:29,200 Speaker 4: Jared Birchall. 79 00:04:29,240 --> 00:04:32,080 Speaker 6: And give us a couple of the best details. 80 00:04:32,360 --> 00:04:36,719 Speaker 4: The biggest accusation in this lawsuit is that Elon was 81 00:04:36,760 --> 00:04:40,560 Speaker 4: ignoring advice from his bankers at Morgan Stanley to get 82 00:04:40,760 --> 00:04:44,800 Speaker 4: outside counsel as to when he should divulge these you know, 83 00:04:44,839 --> 00:04:47,920 Speaker 4: these sale or these purchases excuse me of Twitter stock. Right, 84 00:04:48,000 --> 00:04:50,760 Speaker 4: so Morgan Stanley's helping him out. We have all these 85 00:04:50,760 --> 00:04:53,440 Speaker 4: emails that are Morgan Stanley bankers saying, just want to 86 00:04:53,440 --> 00:04:55,880 Speaker 4: be sure we're approaching the five percent threshold. Okay, we 87 00:04:56,040 --> 00:04:59,000 Speaker 4: just crossed the five percent threshold, Like are you going 88 00:04:59,040 --> 00:05:02,120 Speaker 4: to disclose this? Are you getting outside legal advice on 89 00:05:02,160 --> 00:05:06,880 Speaker 4: what to do here? And Jared Birchall basically responds, yes, yes, yes, 90 00:05:06,920 --> 00:05:09,000 Speaker 4: we're you know, don't worry about it. We're getting advice 91 00:05:09,040 --> 00:05:12,080 Speaker 4: all this stuff. And the lawsuit claims that was all false, 92 00:05:12,240 --> 00:05:14,359 Speaker 4: that they were not speaking with outside counsel, they were 93 00:05:14,400 --> 00:05:17,680 Speaker 4: simply ignoring all of these warnings and essentially, you know, 94 00:05:18,080 --> 00:05:21,080 Speaker 4: blowing past the stop sign that the sec had put 95 00:05:21,160 --> 00:05:24,440 Speaker 4: up for them. And you know, it's a pretty damning 96 00:05:25,240 --> 00:05:26,520 Speaker 4: accusation in my opinion. 97 00:05:26,600 --> 00:05:28,479 Speaker 3: Yeah, I mean that's the interesting thing here to me, Max, 98 00:05:28,560 --> 00:05:31,520 Speaker 3: because going back a long long time in this country, 99 00:05:31,920 --> 00:05:34,200 Speaker 3: the rule is pretty simple, like if you go above 100 00:05:34,240 --> 00:05:37,560 Speaker 3: that threshold and stake in a company, thou shall declare 101 00:05:37,600 --> 00:05:38,160 Speaker 3: your position. 102 00:05:38,520 --> 00:05:40,560 Speaker 5: I mean, there are few things that are sort of 103 00:05:40,560 --> 00:05:43,320 Speaker 5: fundamental to like Elon Musk's character. Like one is that 104 00:05:43,360 --> 00:05:45,920 Speaker 5: he really likes to be funny, he likes to crack jokes. 105 00:05:46,120 --> 00:05:49,080 Speaker 5: Another is like he really cares about sustainable transportation. And 106 00:05:49,160 --> 00:05:51,160 Speaker 5: like the third I'd say is that he does not 107 00:05:51,279 --> 00:05:56,599 Speaker 5: respect securities laws. He has a long history of kind 108 00:05:56,600 --> 00:06:01,080 Speaker 5: of make of sort of ignoring or sidestepping or skirting 109 00:06:01,120 --> 00:06:07,000 Speaker 5: the line ever so carefully around basic SEC laws, rules 110 00:06:07,040 --> 00:06:09,839 Speaker 5: and norms, which has led to essentially like a long 111 00:06:09,960 --> 00:06:12,080 Speaker 5: running dispute with the SEC. 112 00:06:12,160 --> 00:06:14,760 Speaker 3: And he does that because he just find he finds 113 00:06:14,800 --> 00:06:17,800 Speaker 3: them absurd, not where not worth his time. 114 00:06:18,320 --> 00:06:20,320 Speaker 5: I think, though, yeah, I think it's those two things 115 00:06:20,360 --> 00:06:23,400 Speaker 5: his whole attitude. Obviously it's not his fundamental nature, but 116 00:06:23,440 --> 00:06:27,320 Speaker 5: he does really believe that like you should reduce these 117 00:06:27,480 --> 00:06:29,600 Speaker 5: rules that like that the way you get to it 118 00:06:29,920 --> 00:06:32,080 Speaker 5: comes up over and over again in that Isaacson book. 119 00:06:32,279 --> 00:06:35,040 Speaker 5: You know anything, anything that's not physics is a suggestion, 120 00:06:35,240 --> 00:06:37,680 Speaker 5: not a requirement, right, And I think for him, you know, 121 00:06:37,760 --> 00:06:40,480 Speaker 5: all these SEC rules are just like these like ticki 122 00:06:40,600 --> 00:06:44,800 Speaker 5: tac bs, things that he views as more or less optional, 123 00:06:44,880 --> 00:06:47,440 Speaker 5: and that has that has led to a you know, 124 00:06:47,880 --> 00:06:51,320 Speaker 5: a year's long dispute with the SEC where we're honestly 125 00:06:51,360 --> 00:06:54,640 Speaker 5: like Musk, although he's settled at various times and he's 126 00:06:54,680 --> 00:06:56,520 Speaker 5: lost some judge, you know, he's basically gotten the better 127 00:06:56,520 --> 00:06:59,279 Speaker 5: of the SEC. He's he's more or less continued to 128 00:07:00,080 --> 00:07:02,200 Speaker 5: behave the way he has always behaved, which is to 129 00:07:02,680 --> 00:07:06,320 Speaker 5: you know, basically ignore many many securities laws, or at 130 00:07:06,400 --> 00:07:09,360 Speaker 5: least seem to ignore many securities laws. I should say 131 00:07:09,520 --> 00:07:12,240 Speaker 5: Elon Musk has in all of these cases denied wrongdoing. 132 00:07:12,360 --> 00:07:13,760 Speaker 6: He constantly trash talks them. 133 00:07:13,800 --> 00:07:13,840 Speaker 5: No. 134 00:07:13,960 --> 00:07:17,120 Speaker 3: Absolutely, Now the he's gonna have to give a deposition 135 00:07:17,320 --> 00:07:21,040 Speaker 3: in front of the SEC for five hours. They set 136 00:07:21,080 --> 00:07:24,360 Speaker 3: a five pretty precise five hours. Why five hours, Max? 137 00:07:24,400 --> 00:07:26,239 Speaker 3: Everyone gets hungry after that out. 138 00:07:26,080 --> 00:07:26,280 Speaker 6: Of the. 139 00:07:28,600 --> 00:07:29,040 Speaker 2: I don't know. 140 00:07:29,080 --> 00:07:31,080 Speaker 5: I mean, I assume they just ask for a big 141 00:07:31,160 --> 00:07:34,160 Speaker 5: chunk of time and five hours, I don't know. 142 00:07:34,200 --> 00:07:36,239 Speaker 2: It's like, sounds like a full day right now. Max. 143 00:07:36,360 --> 00:07:39,720 Speaker 3: While all this Twitter stuff in these Twitter lawsuits and 144 00:07:39,760 --> 00:07:44,360 Speaker 3: the SEC deposition were come up, another totally unrelated to Twitter, 145 00:07:44,520 --> 00:07:46,480 Speaker 3: another lawsuit dropped out of the blue. 146 00:07:46,520 --> 00:07:47,520 Speaker 6: Tell us about this one. 147 00:07:47,800 --> 00:07:51,640 Speaker 5: Yeah, so this is a lawsuit from investors in Tesla. 148 00:07:51,960 --> 00:07:53,040 Speaker 2: The accusation here. 149 00:07:53,040 --> 00:07:56,280 Speaker 5: If you look back in twenty twenty two, Tesla's stock 150 00:07:56,320 --> 00:08:00,280 Speaker 5: price fell a lot during that year, and the company 151 00:08:00,400 --> 00:08:04,200 Speaker 5: went from having a very positive outlook with Elon Musk 152 00:08:04,440 --> 00:08:07,000 Speaker 5: in October of twenty twenty two is saying essentially there's 153 00:08:07,040 --> 00:08:09,400 Speaker 5: demand as far as I can see, you know, no 154 00:08:09,480 --> 00:08:11,440 Speaker 5: demand issues. And then at the very end of the 155 00:08:11,480 --> 00:08:14,600 Speaker 5: year or sorry, early January, Tesla has this very bad 156 00:08:14,680 --> 00:08:18,360 Speaker 5: quarter the stock drops. You know, that was essentially a 157 00:08:18,400 --> 00:08:22,320 Speaker 5: low point for Elon Musk. He sold a bunch of stock, 158 00:08:22,400 --> 00:08:24,800 Speaker 5: I think a little over seven billion dollars worth of 159 00:08:24,880 --> 00:08:29,040 Speaker 5: Tesla's stock in December. And the allegation is from this 160 00:08:29,120 --> 00:08:32,360 Speaker 5: from these investors, that he had knowledge of how bad 161 00:08:32,400 --> 00:08:34,320 Speaker 5: the quarter was going to be and that he was 162 00:08:34,360 --> 00:08:37,520 Speaker 5: trading on that knowledge. Now, this kind of case happens 163 00:08:37,559 --> 00:08:40,880 Speaker 5: a lot when you have big swings in the stock price. 164 00:08:41,160 --> 00:08:44,920 Speaker 5: And also we should say Musk was selling a lot 165 00:08:44,960 --> 00:08:47,760 Speaker 5: because he was buying Twitter. I mean, the acquisition had 166 00:08:47,760 --> 00:08:49,520 Speaker 5: already closed at that point, but a lot of the 167 00:08:49,520 --> 00:08:52,800 Speaker 5: share sales earlier in the year were I think related 168 00:08:52,840 --> 00:08:56,719 Speaker 5: to like getting some cash for the Twitter acquisition. I 169 00:08:56,720 --> 00:08:58,840 Speaker 5: don't think Musk has responded to this. Must said he 170 00:08:58,920 --> 00:09:03,760 Speaker 5: needed dry powder, you know, he needed cash. That said, Like, 171 00:09:04,400 --> 00:09:07,480 Speaker 5: over the course of that year, Musk made several statements 172 00:09:07,480 --> 00:09:10,040 Speaker 5: that were like I'm done selling stock. He kept sort 173 00:09:10,040 --> 00:09:12,240 Speaker 5: of promising that he was done selling stock and then 174 00:09:12,280 --> 00:09:14,640 Speaker 5: selling some more stock. So you can sort of understand 175 00:09:14,960 --> 00:09:19,000 Speaker 5: why investors are upset about it and why they might 176 00:09:19,080 --> 00:09:21,480 Speaker 5: have a case. Now again, like these cases I think 177 00:09:21,640 --> 00:09:24,800 Speaker 5: tend to be hard to prove so we'll see, Kurt. 178 00:09:25,080 --> 00:09:28,559 Speaker 3: There is just in general, though, a long litany of 179 00:09:28,760 --> 00:09:32,040 Speaker 3: lawsuits backed up going you know, going back months and 180 00:09:32,080 --> 00:09:34,920 Speaker 3: months against Twitter since he took over. 181 00:09:35,000 --> 00:09:38,720 Speaker 4: Now a huge list. Yeah, you know, we talked about 182 00:09:38,760 --> 00:09:39,080 Speaker 4: the two. 183 00:09:39,600 --> 00:09:41,160 Speaker 6: Do you have an Do we have a number more 184 00:09:41,240 --> 00:09:42,600 Speaker 6: or less? Let's see. 185 00:09:42,640 --> 00:09:44,440 Speaker 4: I tried to write them down. I would say over 186 00:09:44,480 --> 00:09:47,520 Speaker 4: a dozen that I'm aware of. We talked about the 187 00:09:47,520 --> 00:09:51,480 Speaker 4: two related to his stock purchases. I briefly mentioned this 188 00:09:52,120 --> 00:09:56,400 Speaker 4: arbitration case to actually is like thousands of arbitration cases. 189 00:09:56,440 --> 00:09:58,720 Speaker 4: I believe there's more than two thousand employees that are 190 00:09:58,760 --> 00:10:01,280 Speaker 4: sort of signed up with this one lawyer for a 191 00:10:01,360 --> 00:10:03,320 Speaker 4: mass arbitration. But I think they may have to do 192 00:10:03,360 --> 00:10:07,199 Speaker 4: them all individually, which means you know, thousands of those. 193 00:10:07,600 --> 00:10:10,640 Speaker 4: There's a National Labor Relations Board case where they fired 194 00:10:10,960 --> 00:10:13,679 Speaker 4: an employee at X who's now suing him. You may 195 00:10:13,679 --> 00:10:17,679 Speaker 4: recall that the C suite at Twitter was due more 196 00:10:17,720 --> 00:10:20,880 Speaker 4: than one hundred million dollars in golden parachutes when Elon 197 00:10:21,000 --> 00:10:23,960 Speaker 4: took over and fired them, which he withheld. So the 198 00:10:24,000 --> 00:10:27,800 Speaker 4: C suite at Twitter's suing him. And then lastly, tons 199 00:10:27,840 --> 00:10:32,280 Speaker 4: of vendors, right, so a private Jet Company Law, a 200 00:10:32,360 --> 00:10:34,880 Speaker 4: law firm that did work for him. A lot of 201 00:10:34,880 --> 00:10:38,320 Speaker 4: the places where they just stopped paying rent at Twitter's offices, 202 00:10:38,600 --> 00:10:41,079 Speaker 4: those people are all coming to collect as well. So 203 00:10:41,160 --> 00:10:44,240 Speaker 4: it's been a steady stream. The line to sue Elon 204 00:10:44,360 --> 00:10:46,120 Speaker 4: is out the door and around the block. 205 00:10:46,280 --> 00:10:46,880 Speaker 6: At this point. 206 00:10:47,120 --> 00:10:50,240 Speaker 3: Trump has a track record allegedly of not paying people, 207 00:10:50,840 --> 00:10:53,640 Speaker 3: so similar pattern here for Musk. 208 00:10:54,679 --> 00:10:57,240 Speaker 5: Yeah, I think it's very similar, and I mean it's 209 00:10:57,280 --> 00:11:00,360 Speaker 5: there are a lot of aggressive business people who kind 210 00:11:00,400 --> 00:11:02,559 Speaker 5: of do this in one way or another, and I 211 00:11:02,840 --> 00:11:06,280 Speaker 5: do think it's part of why, you know, we saw 212 00:11:06,360 --> 00:11:10,400 Speaker 5: after Trump was convicted in New York, Musk, you know, 213 00:11:10,920 --> 00:11:13,160 Speaker 5: sent out a flurry of replies essentially in support of 214 00:11:13,200 --> 00:11:15,320 Speaker 5: Donald Trump. And I think part of that is just, 215 00:11:15,360 --> 00:11:18,880 Speaker 5: you know, general he's now basically an anti Biden. The 216 00:11:18,920 --> 00:11:20,520 Speaker 5: fact of Trump support. A part of this is just 217 00:11:20,760 --> 00:11:22,840 Speaker 5: kind of political signaling. But I think part of it 218 00:11:22,880 --> 00:11:27,079 Speaker 5: is like he genuinely believes that it is dangerous and 219 00:11:27,240 --> 00:11:30,360 Speaker 5: he may worry in fact personally because he, like President 220 00:11:30,360 --> 00:11:34,160 Speaker 5: Trump formed. President Trump has tangled with with the government 221 00:11:34,200 --> 00:11:37,760 Speaker 5: and there are DOJ investigations and so on. And when 222 00:11:37,800 --> 00:11:41,840 Speaker 5: you see, you know, a successful business person being prosecuted. 223 00:11:42,000 --> 00:11:44,720 Speaker 5: I think that affects people, and it can affet people 224 00:11:44,720 --> 00:11:45,520 Speaker 5: on an emotional level. 225 00:11:49,559 --> 00:11:53,199 Speaker 3: All right, now we're gonna bring in our national political correspondent, 226 00:11:53,280 --> 00:11:58,199 Speaker 3: Nancy Cook to talk about the on again, off again 227 00:11:58,760 --> 00:12:01,440 Speaker 3: Trump and Musk relationship. 228 00:12:01,520 --> 00:12:03,320 Speaker 6: Nancy, Hello, thanks for having me. 229 00:12:03,800 --> 00:12:06,679 Speaker 3: Okay, Nancy, So, if the on again, off again relationship 230 00:12:06,800 --> 00:12:11,000 Speaker 3: is on again, what exactly does on look like? 231 00:12:12,200 --> 00:12:14,560 Speaker 1: So on looks like at this point, Well, it looks 232 00:12:14,559 --> 00:12:18,520 Speaker 1: pretty on, I have to be honest. You know, Trump 233 00:12:18,520 --> 00:12:21,240 Speaker 1: and Elon sort of had this relationship where they would 234 00:12:21,320 --> 00:12:24,560 Speaker 1: fight with each other. But really the Trump campaign for 235 00:12:24,600 --> 00:12:27,439 Speaker 1: the last several months has been on the hunt for donors. 236 00:12:27,880 --> 00:12:30,720 Speaker 1: They really want to close the fundraising gap between the 237 00:12:30,760 --> 00:12:34,400 Speaker 1: former president and President Biden, and so he has been 238 00:12:34,440 --> 00:12:37,120 Speaker 1: having a lot of meetings and breakfasts with rich people. 239 00:12:37,280 --> 00:12:40,000 Speaker 1: That's just the easiest way to put it. And so 240 00:12:40,320 --> 00:12:43,360 Speaker 1: in March in Palm Beach, he had a meeting with 241 00:12:43,480 --> 00:12:47,240 Speaker 1: a bunch of wealthy people at this donor's house in 242 00:12:47,280 --> 00:12:50,079 Speaker 1: Palm Beach and Trump went there. It was a brunch 243 00:12:50,320 --> 00:12:52,960 Speaker 1: and Elon Musk was there, and that's when they first 244 00:12:53,040 --> 00:12:56,560 Speaker 1: sort of started to speak again. I would say, behind 245 00:12:56,559 --> 00:12:59,040 Speaker 1: the scenes, which was what was happening during then, is 246 00:12:59,040 --> 00:13:02,440 Speaker 1: that Vivic Ramas, who as you remember, ran for president 247 00:13:02,640 --> 00:13:06,040 Speaker 1: in the Republican primary, had really started to broker this 248 00:13:06,200 --> 00:13:07,199 Speaker 1: truce between. 249 00:13:06,920 --> 00:13:07,520 Speaker 2: The two of them. 250 00:13:07,880 --> 00:13:11,160 Speaker 1: Why why vivec Well, so Vivic is really auditioning to 251 00:13:11,200 --> 00:13:14,800 Speaker 1: be a vice president if Trump wins, or a cabinet member. 252 00:13:15,200 --> 00:13:17,520 Speaker 1: He is sucking up to Trump twenty four to seven. 253 00:13:17,559 --> 00:13:20,840 Speaker 1: He's going on TV, he's going to campaign events with Trump, 254 00:13:21,280 --> 00:13:24,079 Speaker 1: and so one key way to curry favor with the 255 00:13:24,120 --> 00:13:25,959 Speaker 1: Trump people at this point is to bring them rich 256 00:13:26,000 --> 00:13:29,000 Speaker 1: people who are donors. And so Vivic really brokeer this 257 00:13:29,200 --> 00:13:30,359 Speaker 1: cold war truce. 258 00:13:30,160 --> 00:13:32,920 Speaker 2: Between these because he knows Elon as well. 259 00:13:33,920 --> 00:13:36,680 Speaker 1: He does know Elon as well. You know, Elon had 260 00:13:36,720 --> 00:13:41,319 Speaker 1: expressed admiration and some support for Vivic during the Republican primary. 261 00:13:41,720 --> 00:13:44,800 Speaker 1: They had their own relationship, and so Vivic tried to 262 00:13:44,800 --> 00:13:47,560 Speaker 1: sort of then steer that support around to Trump. 263 00:13:48,440 --> 00:13:52,480 Speaker 3: Okay, so they find themselves in this same launch and 264 00:13:53,679 --> 00:13:59,920 Speaker 3: they spoke directly then, and they begun speaking more frequently since, Yeah. 265 00:13:59,880 --> 00:14:02,280 Speaker 1: They were at this donor breakfast with a bunch of 266 00:14:02,360 --> 00:14:05,040 Speaker 1: donors or a handful of them, and then after that 267 00:14:05,160 --> 00:14:08,760 Speaker 1: they really started talking directly more to one another. And 268 00:14:08,800 --> 00:14:11,480 Speaker 1: so Trump loves to just call people on the phone. 269 00:14:11,559 --> 00:14:14,120 Speaker 1: He is, you know, old school that way. He likes 270 00:14:14,160 --> 00:14:16,640 Speaker 1: to you know, likes to pick up the phone. He's 271 00:14:16,640 --> 00:14:18,719 Speaker 1: never liked to email or text. He doesn't like to 272 00:14:18,800 --> 00:14:21,400 Speaker 1: leave a paper trail. So he has this whole informal 273 00:14:21,520 --> 00:14:23,960 Speaker 1: kitchen cabinet of people who he calls on the phone, 274 00:14:24,560 --> 00:14:28,920 Speaker 1: you know, rich people, economic people, TV hosts, Fox News people, 275 00:14:29,240 --> 00:14:31,480 Speaker 1: and he'll ask them their opinion on who he should 276 00:14:31,480 --> 00:14:33,880 Speaker 1: pick for vice president, or what they think of inflation 277 00:14:34,240 --> 00:14:37,080 Speaker 1: or you know, did they see that hit on CNN 278 00:14:37,200 --> 00:14:40,320 Speaker 1: last night? And so Elon has sort of joined this 279 00:14:40,560 --> 00:14:43,600 Speaker 1: list of people who Trump calls now and my reporting 280 00:14:43,640 --> 00:14:45,680 Speaker 1: shows that they do speak to one another directly with 281 00:14:45,760 --> 00:14:46,960 Speaker 1: some frequency now. 282 00:14:47,280 --> 00:14:51,440 Speaker 3: Now, Nancy apparently among other things they've been talking about, 283 00:14:51,680 --> 00:14:57,120 Speaker 3: Donald and Elon are our crypto that Elon has been 284 00:14:57,800 --> 00:14:59,440 Speaker 3: giving Trump advice on crypto. 285 00:14:59,440 --> 00:15:00,520 Speaker 6: Tell us a little about that. 286 00:15:01,600 --> 00:15:05,240 Speaker 1: So the term campaign has started to think more about 287 00:15:05,280 --> 00:15:08,120 Speaker 1: crypto policy. I think in a bid to appeal to 288 00:15:08,200 --> 00:15:11,440 Speaker 1: younger voters, particularly young male voters, they're really going after 289 00:15:11,480 --> 00:15:16,200 Speaker 1: that demographic, and so they have really turned to you know, 290 00:15:16,280 --> 00:15:19,840 Speaker 1: silicon Valley and tech people much more for advice on this, 291 00:15:20,000 --> 00:15:22,680 Speaker 1: and so they have asked Elon about it. Also, they've 292 00:15:22,720 --> 00:15:24,920 Speaker 1: asked just a bunch of Silicon Valley people who with 293 00:15:25,080 --> 00:15:27,520 Speaker 1: ties to Elon about it as well. And so it's 294 00:15:27,560 --> 00:15:30,680 Speaker 1: sort of this like little orbit where they're not just 295 00:15:30,720 --> 00:15:32,440 Speaker 1: reaching out to him about it, but they're also reaching 296 00:15:32,440 --> 00:15:33,760 Speaker 1: out to a bunch of his friends. And then his 297 00:15:33,760 --> 00:15:35,680 Speaker 1: friends are like, oh, you should talk to Elon about it. 298 00:15:35,720 --> 00:15:38,480 Speaker 1: He's smart, and so I feel like I was told 299 00:15:38,480 --> 00:15:41,080 Speaker 1: that just sort of keeps reinforcing his influence. 300 00:15:41,360 --> 00:15:44,720 Speaker 3: Now now Max, I think Mosk has denied having discussed it. 301 00:15:44,960 --> 00:15:48,600 Speaker 5: Yeah, we should also say, like there's the possibility of 302 00:15:48,640 --> 00:15:52,880 Speaker 5: like a crypto voter demographic. But I think another possible explanation, 303 00:15:53,120 --> 00:15:54,760 Speaker 5: and one that I would credit a little bit more, 304 00:15:55,120 --> 00:15:58,120 Speaker 5: is the idea that there's a lot of money in 305 00:15:58,200 --> 00:16:01,680 Speaker 5: crypto to spend the election. You know, there's this massive 306 00:16:01,880 --> 00:16:04,960 Speaker 5: political Action committee, you know, more than one hundred million dollars. 307 00:16:05,120 --> 00:16:08,520 Speaker 5: You have a bunch of big name venture capitalists pouring 308 00:16:08,600 --> 00:16:11,840 Speaker 5: money into politics right now because of they want to 309 00:16:11,880 --> 00:16:14,760 Speaker 5: influence crypto regulations. You also have a bunch of you know, 310 00:16:14,880 --> 00:16:18,520 Speaker 5: kind of prominent crypto figures who have like suddenly become 311 00:16:18,760 --> 00:16:22,240 Speaker 5: like big time maga people. So it feels like part 312 00:16:22,240 --> 00:16:25,520 Speaker 5: of what's happening anyways, like the Trump campaign has figured 313 00:16:25,520 --> 00:16:28,680 Speaker 5: out that crypto is a way to appeal to Silicon 314 00:16:28,760 --> 00:16:31,600 Speaker 5: Valley types, and not just Elon Musk, but you know, 315 00:16:31,760 --> 00:16:33,880 Speaker 5: David Sachs and a lot of these other guys, like 316 00:16:33,960 --> 00:16:37,720 Speaker 5: a lot of big name vcs have crypto investments. 317 00:16:37,840 --> 00:16:41,600 Speaker 3: Okay, And when we spoke about politics some last week, 318 00:16:41,720 --> 00:16:44,440 Speaker 3: the sense was from mister Chafkin and others was that 319 00:16:45,760 --> 00:16:50,480 Speaker 3: must still hadn't cut Trump a check. Does that remain 320 00:16:50,560 --> 00:16:51,920 Speaker 3: the case as we understand it. 321 00:16:53,080 --> 00:16:55,440 Speaker 1: As far as I know, we have not seen the 322 00:16:55,480 --> 00:16:59,120 Speaker 1: Federal Election Commission report filing yet, which is what the 323 00:16:59,160 --> 00:17:02,000 Speaker 1: Trump campaign has file with the federal government, which is 324 00:17:02,040 --> 00:17:05,360 Speaker 1: basically like a verified list of donations. But I do 325 00:17:05,400 --> 00:17:07,680 Speaker 1: think that if he did cut a check, the Trump 326 00:17:07,720 --> 00:17:09,880 Speaker 1: people would be so excited that we would know about 327 00:17:09,920 --> 00:17:12,080 Speaker 1: it at this point. And you have to remember that 328 00:17:12,119 --> 00:17:15,480 Speaker 1: the DeSantis campaign also were very confident that they would 329 00:17:15,480 --> 00:17:19,000 Speaker 1: get a check edit that never arrived. And so I'm 330 00:17:19,040 --> 00:17:21,000 Speaker 1: not really holding my breath as to whether or not 331 00:17:21,040 --> 00:17:23,919 Speaker 1: Elon becomes a donor but even if he is a 332 00:17:23,960 --> 00:17:26,960 Speaker 1: supporter and sort of in the Trump orbit and giving advice, 333 00:17:27,000 --> 00:17:29,480 Speaker 1: I think that's a pretty significant political development. 334 00:17:30,119 --> 00:17:33,040 Speaker 5: Yeah, I totally agree with that. You know, remember a 335 00:17:33,040 --> 00:17:35,520 Speaker 5: lot of people talk about Peter Teel and Trump. Teal 336 00:17:35,560 --> 00:17:39,679 Speaker 5: actually gave that his million dollar check pretty late in 337 00:17:39,720 --> 00:17:42,639 Speaker 5: the cycle and spoke at the Republican National Convention in 338 00:17:42,680 --> 00:17:45,800 Speaker 5: twenty sixteen, you know, before he donated any money or 339 00:17:45,840 --> 00:17:46,879 Speaker 5: any significant money. 340 00:17:47,160 --> 00:17:49,200 Speaker 2: You can imagine the same thing happening here, right. 341 00:17:49,280 --> 00:17:52,680 Speaker 5: Like Elon Musk, for all all the ways he's like controversial, 342 00:17:53,320 --> 00:17:59,240 Speaker 5: he is a famous, rich and successful businessman, and Donald 343 00:17:59,240 --> 00:18:02,320 Speaker 5: Trump respects. Donald Trump supporters respect that like he brings 344 00:18:02,680 --> 00:18:08,480 Speaker 5: even in his extremely red pilled ship posting persona, he 345 00:18:08,640 --> 00:18:12,400 Speaker 5: brings a level of respectability to you know, the Trump 346 00:18:12,480 --> 00:18:15,480 Speaker 5: campaign that is very valuable. Not only that, but he 347 00:18:15,640 --> 00:18:18,080 Speaker 5: has the potential to bring in other donors. You know, 348 00:18:18,160 --> 00:18:20,680 Speaker 5: the there are all these other rich guys who really 349 00:18:20,680 --> 00:18:23,320 Speaker 5: care about Elon Musk. Just one thing I'm keeping an 350 00:18:23,359 --> 00:18:26,040 Speaker 5: eye on later this week. You know, David Sachs I 351 00:18:26,119 --> 00:18:28,320 Speaker 5: mentioned him earlier. He's a good friend of Elon Musk. 352 00:18:28,440 --> 00:18:31,120 Speaker 5: I think he's probably the person in Silicon Valley, who 353 00:18:31,240 --> 00:18:34,800 Speaker 5: has Elon's ear in the most sustained way, is having 354 00:18:34,840 --> 00:18:37,879 Speaker 5: a big fundraiser, you know, up to five hundred thousand 355 00:18:37,880 --> 00:18:41,280 Speaker 5: dollars per couple. That's the highest tier in San Francisco. 356 00:18:41,920 --> 00:18:44,199 Speaker 5: We don't know who's going to be there, but it 357 00:18:44,280 --> 00:18:46,639 Speaker 5: is possible that Elon Musk will show up and so 358 00:18:46,840 --> 00:18:48,440 Speaker 5: like this, you know, by the end of the week, 359 00:18:48,480 --> 00:18:50,840 Speaker 5: we may have some serious developments. 360 00:18:51,200 --> 00:18:54,080 Speaker 2: He also may just post about it, which seems you know, 361 00:18:54,200 --> 00:18:54,879 Speaker 2: i'd say a. 362 00:18:54,920 --> 00:18:56,200 Speaker 6: New Sun and Kurt. 363 00:18:56,320 --> 00:19:01,160 Speaker 3: The way Musk has X tacking it's it's public posture 364 00:19:01,720 --> 00:19:05,120 Speaker 3: has to be also has to square a bit with 365 00:19:05,359 --> 00:19:07,359 Speaker 3: and get them more aligned with the Trump camp. 366 00:19:07,440 --> 00:19:11,800 Speaker 4: Now I think so, I mean, I think donation aside 367 00:19:11,840 --> 00:19:15,560 Speaker 4: what Elon's doing with X and the opportunities that he's 368 00:19:15,600 --> 00:19:18,280 Speaker 4: providing Trump, you know, with this upcoming town hall that 369 00:19:18,280 --> 00:19:21,600 Speaker 4: they're going to do with everything that Elon usually says 370 00:19:21,640 --> 00:19:25,000 Speaker 4: about Biden and pushing back on Biden's agenda, like that's 371 00:19:25,000 --> 00:19:28,119 Speaker 4: more valuable, I would imagine, honestly than you know, some 372 00:19:28,240 --> 00:19:29,920 Speaker 4: check that he's going to write to him anyway, because 373 00:19:29,960 --> 00:19:34,199 Speaker 4: Elon's out here the setting the stage for Donald Trump 374 00:19:34,240 --> 00:19:37,240 Speaker 4: and this town hall is going to be a huge 375 00:19:37,240 --> 00:19:40,320 Speaker 4: moment only because it'll be you know, one, Elon's going 376 00:19:40,359 --> 00:19:42,359 Speaker 4: to make sure that everybody on the service, you know, 377 00:19:42,640 --> 00:19:45,760 Speaker 4: basically sees it. And two, it's kind of a return 378 00:19:45,800 --> 00:19:48,520 Speaker 4: of sorts for Donald Trump to this platform that he 379 00:19:48,640 --> 00:19:52,480 Speaker 4: really rode for four years as president. And so that 380 00:19:52,600 --> 00:19:55,119 Speaker 4: moment is going to be so, in my opinion, so 381 00:19:55,280 --> 00:19:58,720 Speaker 4: big for President Trump that you know, I don't think 382 00:19:58,760 --> 00:20:01,480 Speaker 4: the donation. I think that's a secondary thing, to be 383 00:20:01,520 --> 00:20:01,960 Speaker 4: honest with. 384 00:20:01,920 --> 00:20:04,080 Speaker 3: You, Curtin, Yeah, tell us a little bit more about 385 00:20:04,119 --> 00:20:06,280 Speaker 3: those planned X town halls. 386 00:20:07,480 --> 00:20:12,040 Speaker 4: Yeah, so X is going to broadcast essentially a live 387 00:20:12,119 --> 00:20:15,280 Speaker 4: town hall, one with Donald Trump and one with Robert F. 388 00:20:15,359 --> 00:20:18,639 Speaker 4: Kennedy Junior. And these are separate town halls, but you 389 00:20:18,640 --> 00:20:22,919 Speaker 4: know they'll be part of this new X video strategy 390 00:20:22,960 --> 00:20:24,760 Speaker 4: that they're trying to lean into this idea of like 391 00:20:24,880 --> 00:20:28,960 Speaker 4: live newsy video, and they're partnering with News Nation, which 392 00:20:29,000 --> 00:20:31,639 Speaker 4: is a TV network, to do this. But you know, 393 00:20:31,720 --> 00:20:33,840 Speaker 4: I think the big thing here is, and I kind 394 00:20:33,880 --> 00:20:36,159 Speaker 4: of alluded to this, this would be a return of 395 00:20:36,280 --> 00:20:39,639 Speaker 4: sorts for Donald Trump to X. Right, he was so 396 00:20:39,840 --> 00:20:43,720 Speaker 4: prevalent on what was then Twitter for years. He got banned. 397 00:20:44,080 --> 00:20:46,720 Speaker 4: You'll remember in the days after the January sixth, right, 398 00:20:46,960 --> 00:20:50,240 Speaker 4: and he's only tweeted one time, one time since then, 399 00:20:50,280 --> 00:20:53,919 Speaker 4: and that was his mugshot when he was booked in 400 00:20:54,359 --> 00:20:58,479 Speaker 4: I believe, Georgia several months ago. And so you know, 401 00:20:58,600 --> 00:21:00,920 Speaker 4: this would be a chance for him to come back. 402 00:21:00,960 --> 00:21:04,640 Speaker 4: He has like eighty plus million followers there. He's obviously 403 00:21:05,119 --> 00:21:08,359 Speaker 4: known to be a Twitter person. So for me, this 404 00:21:08,359 --> 00:21:10,240 Speaker 4: would be a homecoming of sorts, and I wonder if 405 00:21:10,240 --> 00:21:13,080 Speaker 4: it would be the beginning of him starting to tweet 406 00:21:13,119 --> 00:21:16,280 Speaker 4: and use that platform in that audience more regularly. I 407 00:21:16,280 --> 00:21:17,120 Speaker 4: wouldn't be shocked. 408 00:21:17,520 --> 00:21:19,760 Speaker 3: But the risk there for him is he's got his 409 00:21:19,840 --> 00:21:24,600 Speaker 3: own social platform that is at a very lofty valuation. 410 00:21:25,280 --> 00:21:28,280 Speaker 3: The only scenario in which it makes even an iota 411 00:21:28,280 --> 00:21:31,920 Speaker 3: of sense that valuation is if Trump sticks on true 412 00:21:31,920 --> 00:21:34,400 Speaker 3: Social never goes back to any other platform. He wins 413 00:21:34,440 --> 00:21:37,000 Speaker 3: the presidency, and suddenly a whole bunch of people are 414 00:21:37,040 --> 00:21:39,119 Speaker 3: forced onto truth social because he's the president. 415 00:21:39,200 --> 00:21:42,960 Speaker 6: You have to follow his post. If he's suddenly back. 416 00:21:42,760 --> 00:21:45,800 Speaker 3: On Twitter or X, I should say, well, then even 417 00:21:45,840 --> 00:21:47,640 Speaker 3: that far fetched idea dies. 418 00:21:48,119 --> 00:21:51,960 Speaker 5: You're right, But also, like the evaluation of truth Social, 419 00:21:52,119 --> 00:21:54,119 Speaker 5: I mean, to my eye, is just based on the 420 00:21:54,119 --> 00:21:55,879 Speaker 5: fact that a lot of people like Donald Trump, they 421 00:21:55,920 --> 00:21:58,000 Speaker 5: think he's going to be pre you know, like it's sort. 422 00:21:57,800 --> 00:21:58,639 Speaker 2: Of vibe based. 423 00:21:58,720 --> 00:22:02,000 Speaker 5: So you could imagine situation where he came back to 424 00:22:02,080 --> 00:22:04,119 Speaker 5: Twitter in some way. Like the thing that I've been 425 00:22:04,160 --> 00:22:07,639 Speaker 5: thinking about is, you know, he has supposedly has this 426 00:22:07,760 --> 00:22:10,000 Speaker 5: deal where he's supposed to, you know, have his tweets 427 00:22:10,000 --> 00:22:13,160 Speaker 5: on truth Social rather than Twitter. Now, what about spaces, 428 00:22:13,280 --> 00:22:16,520 Speaker 5: right these these audio calls, maybe that is a loophole. 429 00:22:16,760 --> 00:22:19,920 Speaker 5: You know, audio is much bigger on Twitter. Elon Musk 430 00:22:20,080 --> 00:22:23,440 Speaker 5: loves spaces. You know, you could imagine a situation where 431 00:22:23,480 --> 00:22:26,240 Speaker 5: like Kurt's kind of hinting at you know, this News 432 00:22:26,359 --> 00:22:30,120 Speaker 5: Nation X town Hall, which feels like a TV thing 433 00:22:30,160 --> 00:22:32,679 Speaker 5: that's going to be broadcast, could lead to sort of 434 00:22:32,720 --> 00:22:35,280 Speaker 5: more what what we more think of as like native 435 00:22:35,359 --> 00:22:39,679 Speaker 5: Twitter content and you know, spaces audio getting on X 436 00:22:39,720 --> 00:22:41,840 Speaker 5: you know a couple of times a month with Elon, 437 00:22:42,200 --> 00:22:44,960 Speaker 5: which you know you could totally see Trump doing. 438 00:22:48,640 --> 00:22:52,480 Speaker 3: So, Nancy, So Trump goes to X spaces and Musk 439 00:22:52,600 --> 00:22:56,680 Speaker 3: potentially goes to the Republican Convention and speaks there. 440 00:22:57,920 --> 00:23:00,439 Speaker 1: Yeah, there is some discussion about having him speak at 441 00:23:00,440 --> 00:23:03,320 Speaker 1: their Republic invention. I mean, my reporting shows that that's 442 00:23:03,359 --> 00:23:05,200 Speaker 1: not totally nailed down yet, but I think that there 443 00:23:05,280 --> 00:23:08,480 Speaker 1: is interest from the Trump campaign and potentially having him 444 00:23:08,480 --> 00:23:09,000 Speaker 1: speak there. 445 00:23:09,640 --> 00:23:13,000 Speaker 5: They should look for a video of Elon Musk speaking anywhere, 446 00:23:13,359 --> 00:23:15,880 Speaker 5: because like he never does, like I like, honestly, one 447 00:23:15,880 --> 00:23:17,480 Speaker 5: thing they'll have to figure out is like, I don't 448 00:23:17,480 --> 00:23:20,920 Speaker 5: think Elon Musk has ever I don't know, I mean. 449 00:23:20,880 --> 00:23:23,879 Speaker 6: When he when he did SNL, I mean presumably there 450 00:23:23,920 --> 00:23:24,680 Speaker 6: was a right, there. 451 00:23:24,640 --> 00:23:27,080 Speaker 5: Was SNL, but normally it's it's in the context of 452 00:23:27,119 --> 00:23:30,160 Speaker 5: an interview, like he almost always is interviewed. He doesn't 453 00:23:30,200 --> 00:23:32,840 Speaker 5: give these kind of speeches, and so they would have 454 00:23:32,960 --> 00:23:35,000 Speaker 5: to figure out a way. I guess that, you know, 455 00:23:35,040 --> 00:23:36,360 Speaker 5: they'll study the SNL. 456 00:23:36,080 --> 00:23:36,960 Speaker 6: Tape, right. 457 00:23:37,000 --> 00:23:40,399 Speaker 3: And the other thing I'll just say is, uh, Teal 458 00:23:41,320 --> 00:23:44,280 Speaker 3: wasn't much of a public speaker before he spoke at 459 00:23:44,320 --> 00:23:46,880 Speaker 3: the at the convention back in sixteen, right, I. 460 00:23:46,800 --> 00:23:48,600 Speaker 2: Mean, Teal had given some talks. 461 00:23:48,920 --> 00:23:51,000 Speaker 5: He's not a very I don't think he's you would 462 00:23:51,040 --> 00:23:53,560 Speaker 5: anyone call him like a polished public speaker. But it's 463 00:23:53,600 --> 00:23:57,240 Speaker 5: a little bit different than Elon, who I say, even 464 00:23:57,240 --> 00:24:00,640 Speaker 5: as unpolished if Peter teel as Elon is even more 465 00:24:00,680 --> 00:24:02,920 Speaker 5: off the cup. You know, a lot of these appearances 466 00:24:03,600 --> 00:24:06,520 Speaker 5: in recent months have been like on zoom, He's like 467 00:24:06,640 --> 00:24:09,840 Speaker 5: holding the phone, Like you could imagine a universe of 468 00:24:09,840 --> 00:24:12,160 Speaker 5: this where Elon says like, oh, yeah, yeah, I'll speak 469 00:24:12,160 --> 00:24:14,040 Speaker 5: of the Republican Convention and then it turns out he's 470 00:24:14,080 --> 00:24:16,720 Speaker 5: going to be like facetiming in from it would be 471 00:24:16,720 --> 00:24:17,440 Speaker 5: a real letdown. 472 00:24:17,960 --> 00:24:20,480 Speaker 1: The reporting that I do have about the convention so far, 473 00:24:20,560 --> 00:24:23,960 Speaker 1: the convention planning, is that they are thinking about it 474 00:24:24,240 --> 00:24:25,600 Speaker 1: in a different way, do you know what I mean? 475 00:24:25,640 --> 00:24:28,439 Speaker 1: Just because conventions have always sort of been handled a 476 00:24:28,480 --> 00:24:30,840 Speaker 1: certain way doesn't mean that the Trump campaign has to 477 00:24:30,880 --> 00:24:33,399 Speaker 1: do it that way. And we saw that when Trump 478 00:24:33,520 --> 00:24:35,879 Speaker 1: was president, like he blew up that last State of 479 00:24:35,880 --> 00:24:38,960 Speaker 1: the Union and did it totally differently. He gave Rush 480 00:24:39,000 --> 00:24:41,159 Speaker 1: Limbau the Medal of Freedom like in the middle of 481 00:24:41,200 --> 00:24:43,679 Speaker 1: the State of the Union, Like it was like really 482 00:24:43,800 --> 00:24:47,920 Speaker 1: kind of highly a high TV production, lots of surprises, 483 00:24:47,960 --> 00:24:51,080 Speaker 1: surprise guests, people popping up. I mean, I could see 484 00:24:51,080 --> 00:24:53,240 Speaker 1: them doing the same with the convention. And so rather 485 00:24:53,240 --> 00:24:55,600 Speaker 1: than having Elon come and just talk at a podium 486 00:24:55,680 --> 00:24:57,960 Speaker 1: for like thirty minutes, which I agree might be weird. 487 00:24:58,359 --> 00:25:01,080 Speaker 1: Maybe they do do an interview, maybe they video, maybe 488 00:25:01,080 --> 00:25:03,359 Speaker 1: they record him talking ahead of time and then play 489 00:25:03,359 --> 00:25:05,440 Speaker 1: it and it's only ten minutes. I mean, I think 490 00:25:05,440 --> 00:25:08,000 Speaker 1: they would love to have him, and so I could 491 00:25:08,040 --> 00:25:11,359 Speaker 1: see them really being like, hey, you know, Trump did 492 00:25:11,359 --> 00:25:13,840 Speaker 1: the Apprentice. Surely we can figure out like a kind 493 00:25:13,880 --> 00:25:15,800 Speaker 1: of cool TV way to do this for Elin. 494 00:25:15,880 --> 00:25:17,800 Speaker 3: It would be pretty cool if if they put Elin 495 00:25:17,880 --> 00:25:20,479 Speaker 3: in a rocket ship and then they they blasted off 496 00:25:20,480 --> 00:25:21,960 Speaker 3: and they had him do it from like you know, 497 00:25:22,080 --> 00:25:24,520 Speaker 3: orbiting Earth or something that would it's there. 498 00:25:24,560 --> 00:25:26,840 Speaker 2: It seemed like there are a lot of cool options. 499 00:25:27,000 --> 00:25:30,520 Speaker 3: Okay, now, Max, you're our feud guy here, mister feud. 500 00:25:31,200 --> 00:25:33,800 Speaker 6: Uh weren't these two feuding? Uh? 501 00:25:34,359 --> 00:25:37,439 Speaker 2: They had? I mean they had one of my favorite feuds. 502 00:25:37,440 --> 00:25:39,159 Speaker 3: And in fact, you know, Donald Trump, do I have 503 00:25:39,240 --> 00:25:40,639 Speaker 3: a ranking on it? 504 00:25:40,960 --> 00:25:44,080 Speaker 5: I mean, it never rose to the top five because, 505 00:25:44,119 --> 00:25:46,919 Speaker 5: as Nancy says, there was kind of always a little 506 00:25:46,960 --> 00:25:48,160 Speaker 5: bit of a question of. 507 00:25:48,080 --> 00:25:49,919 Speaker 2: Like how you know, how real is? 508 00:25:50,040 --> 00:25:52,439 Speaker 5: But I have to say, you know, Trump obviously master 509 00:25:52,680 --> 00:25:54,800 Speaker 5: of kind of a put down, and he had I 510 00:25:54,840 --> 00:25:58,640 Speaker 5: think one of the best all time you know, insults 511 00:25:58,680 --> 00:26:01,320 Speaker 5: Elon Musk, he called him a yes artist. In twenty 512 00:26:01,359 --> 00:26:04,760 Speaker 5: twenty two, around the time that that Elon Musk was, 513 00:26:04,840 --> 00:26:07,480 Speaker 5: you know, trying to buy Twitter, and of course, you know, 514 00:26:07,560 --> 00:26:10,320 Speaker 5: Trump has had a competing service, so there there was 515 00:26:10,359 --> 00:26:11,920 Speaker 5: a little bit of that. And then there was this 516 00:26:12,080 --> 00:26:16,359 Speaker 5: like lengthy tweet with very colorful like he was begging 517 00:26:16,400 --> 00:26:17,000 Speaker 5: on his knees. 518 00:26:17,040 --> 00:26:17,800 Speaker 2: I guess, well, that's. 519 00:26:17,640 --> 00:26:19,840 Speaker 3: One of Trump's favorite lines. So and so came to 520 00:26:19,880 --> 00:26:22,960 Speaker 3: me begging on their knees, asking for forgiveness or this 521 00:26:23,080 --> 00:26:23,359 Speaker 3: or that thing. 522 00:26:23,520 --> 00:26:26,640 Speaker 2: Yeah, but it kind of cut it did It did. 523 00:26:26,560 --> 00:26:29,520 Speaker 5: Cut to certain things about Elon Musk because of course 524 00:26:29,520 --> 00:26:33,480 Speaker 5: he has been incredibly effective at getting you know, money 525 00:26:33,560 --> 00:26:35,720 Speaker 5: from from government and the form of subsidies or attacks, 526 00:26:35,720 --> 00:26:38,359 Speaker 5: incentives and so on, and of course that's part of 527 00:26:38,400 --> 00:26:41,080 Speaker 5: what's going on here right Elon Musk is you know, 528 00:26:41,400 --> 00:26:43,800 Speaker 5: no doubt he's had some sort of political evolution. He's 529 00:26:44,040 --> 00:26:47,720 Speaker 5: he's much more conservative or far right or whatever than 530 00:26:47,760 --> 00:26:51,560 Speaker 5: he was previously. But he is also making a calculation, 531 00:26:51,720 --> 00:26:53,960 Speaker 5: making a I think what is like a self conscious 532 00:26:53,960 --> 00:26:56,080 Speaker 5: bet on the person who he thinks is going to 533 00:26:56,080 --> 00:26:59,320 Speaker 5: be president. And that you know, matters to Tesla and 534 00:26:59,680 --> 00:27:01,360 Speaker 5: space and really to. 535 00:27:01,480 --> 00:27:02,359 Speaker 6: About all his companies. 536 00:27:02,440 --> 00:27:03,160 Speaker 2: Yeah, exactly. 537 00:27:03,240 --> 00:27:06,000 Speaker 5: So I think there's a there's definitely like a self 538 00:27:06,000 --> 00:27:09,840 Speaker 5: interest component here, and he has almost like backed himself 539 00:27:09,880 --> 00:27:11,840 Speaker 5: into the corner a little bit where he's become so 540 00:27:12,600 --> 00:27:15,199 Speaker 5: anti Biden and so you know, so opposed to the 541 00:27:15,200 --> 00:27:18,719 Speaker 5: Democrats and so unwilling. It seems anyway that bridge has 542 00:27:18,720 --> 00:27:21,000 Speaker 5: been burned that you know, he almost has no choice. 543 00:27:21,119 --> 00:27:24,159 Speaker 1: Max is right. Elon really understands something about Trump that 544 00:27:24,320 --> 00:27:27,440 Speaker 1: like a raft of lobbyists in DC are are sort 545 00:27:27,440 --> 00:27:30,440 Speaker 1: of missing where you don't if you want to get 546 00:27:30,440 --> 00:27:32,760 Speaker 1: to Trump and influence him, you don't like hire a 547 00:27:32,800 --> 00:27:35,439 Speaker 1: bunch of lobbyists who have been in DC forever who 548 00:27:35,520 --> 00:27:38,320 Speaker 1: work at law firms. What you do is like, if 549 00:27:38,320 --> 00:27:40,560 Speaker 1: you're a business person and you want to influence him, 550 00:27:40,640 --> 00:27:42,720 Speaker 1: you want to have his cell phone number and you 551 00:27:42,880 --> 00:27:45,600 Speaker 1: just want to reach out to him directly. And that 552 00:27:45,800 --> 00:27:49,359 Speaker 1: is basically what Elon is setting up in case Trump wins, 553 00:27:49,680 --> 00:27:52,440 Speaker 1: and it could mean a lot for his business interests. 554 00:27:52,520 --> 00:27:54,480 Speaker 1: You know, if Trump wins, you know the White House 555 00:27:54,520 --> 00:27:57,160 Speaker 1: wants to do something in space. Elon can call Trump directly, 556 00:27:57,480 --> 00:28:00,520 Speaker 1: same thing with electric vehicles. He will call Trump directly. 557 00:28:00,800 --> 00:28:04,320 Speaker 1: Trump does not like all these intermediaries and lobbyists and 558 00:28:04,400 --> 00:28:07,280 Speaker 1: lawyers and advisors and chiefs of staff. He just wants 559 00:28:07,320 --> 00:28:09,600 Speaker 1: to deal with the CEO directly. And that's what Elon 560 00:28:09,680 --> 00:28:10,199 Speaker 1: has set up. 561 00:28:10,920 --> 00:28:11,280 Speaker 6: Nancy. 562 00:28:11,440 --> 00:28:15,720 Speaker 3: Is there's no sort of explicit quid pro quo here 563 00:28:15,760 --> 00:28:17,760 Speaker 3: in the dealings between Musk and Trump. 564 00:28:17,800 --> 00:28:19,600 Speaker 6: Is there no? 565 00:28:19,760 --> 00:28:22,199 Speaker 1: But I think that Trump is trying to position himself, 566 00:28:22,240 --> 00:28:25,560 Speaker 1: particularly after the trial, as someone who is scooping up support, 567 00:28:25,720 --> 00:28:28,320 Speaker 1: you know, among these different sort of donor groups. So 568 00:28:28,720 --> 00:28:31,760 Speaker 1: you know, he has made a big play with oil executives, 569 00:28:32,160 --> 00:28:34,240 Speaker 1: sort of trying to say, oh, look, they're all supporting me. 570 00:28:34,280 --> 00:28:36,040 Speaker 1: And I think he's trying to make that same play 571 00:28:36,040 --> 00:28:39,080 Speaker 1: with Silicon Valley. You know, Wall Street hasn't totally come 572 00:28:39,120 --> 00:28:41,520 Speaker 1: around him yet, although it seems like they're you know, 573 00:28:41,960 --> 00:28:44,440 Speaker 1: more people are real way little and so I think 574 00:28:44,480 --> 00:28:46,840 Speaker 1: he's using Elon as sort of a proxy to help 575 00:28:46,880 --> 00:28:49,560 Speaker 1: to get to more tech people and they want to 576 00:28:49,560 --> 00:28:52,440 Speaker 1: be able to say, oh, look, all these influential and 577 00:28:52,600 --> 00:28:55,600 Speaker 1: rich different sectors of the economy are starting to support me, 578 00:28:56,000 --> 00:28:57,040 Speaker 1: and Elon is part of that. 579 00:28:58,120 --> 00:29:03,680 Speaker 3: Now, does or do these conversations in this growing dialogue 580 00:29:03,680 --> 00:29:09,200 Speaker 3: do they lead to an actual cabinet post. I've heard 581 00:29:09,240 --> 00:29:12,520 Speaker 3: and seen some reporting to that fact, or what exactly 582 00:29:12,560 --> 00:29:15,600 Speaker 3: are we talking about here? And if Trump is indeed 583 00:29:15,600 --> 00:29:16,840 Speaker 3: the next president of this country. 584 00:29:17,560 --> 00:29:20,200 Speaker 1: So Trump is really superstitious and does not like to 585 00:29:20,240 --> 00:29:23,800 Speaker 1: think about who will fill government posts before he wins. 586 00:29:24,440 --> 00:29:27,120 Speaker 1: There are people around him that are thinking about like who, 587 00:29:27,320 --> 00:29:29,400 Speaker 1: you know, sort of spitballing ideas of like who could 588 00:29:29,400 --> 00:29:31,680 Speaker 1: fill the top economic jobs. But it is not at 589 00:29:31,720 --> 00:29:34,520 Speaker 1: the level where like he is picking people because remember, 590 00:29:34,560 --> 00:29:36,680 Speaker 1: he just got out of many weeks of a trial 591 00:29:36,720 --> 00:29:38,800 Speaker 1: in New York. You know, he hasn't even sort of 592 00:29:38,960 --> 00:29:41,880 Speaker 1: focused on the VP stuff yet. What I was told 593 00:29:42,000 --> 00:29:45,360 Speaker 1: in my reporting was that there has been some discussion about, 594 00:29:45,720 --> 00:29:49,200 Speaker 1: you know, Elon playing some advisory role if Trump wins 595 00:29:49,200 --> 00:29:51,000 Speaker 1: the White House. So that could be on one of 596 00:29:51,040 --> 00:29:55,280 Speaker 1: these like you know, CEO advisory boards, or they could 597 00:29:55,320 --> 00:29:57,920 Speaker 1: make a special role for Elon. But again, like an 598 00:29:57,920 --> 00:30:00,640 Speaker 1: advisory role, it wouldn't be a cabinet post where he 599 00:30:00,680 --> 00:30:03,760 Speaker 1: would have to give up his stakes and his companies 600 00:30:03,760 --> 00:30:06,600 Speaker 1: because I don't think that. I think Trump Blake's having 601 00:30:06,680 --> 00:30:09,440 Speaker 1: him out there and sort of influential, and I can't 602 00:30:09,480 --> 00:30:10,840 Speaker 1: imagine Elon really doing that. 603 00:30:11,400 --> 00:30:12,960 Speaker 5: Yeah, yeah, I mean he's not going to be like 604 00:30:13,080 --> 00:30:16,040 Speaker 5: under secretary for Technology, I mean whatever. He's not going 605 00:30:16,080 --> 00:30:19,040 Speaker 5: to have some mid level government job. But remember, like 606 00:30:19,120 --> 00:30:22,880 Speaker 5: during the first Trump administration, this is exactly how they 607 00:30:22,920 --> 00:30:26,080 Speaker 5: tried to use him. And I think Elon was valuable 608 00:30:26,120 --> 00:30:29,480 Speaker 5: then for pretty much the same reasons he's valuable now, 609 00:30:29,520 --> 00:30:32,640 Speaker 5: except he's more famous, he's richer, and of course there 610 00:30:32,680 --> 00:30:35,320 Speaker 5: is I think more so than there was last time, 611 00:30:35,320 --> 00:30:38,040 Speaker 5: where Elon had this kind of centrist identity. There really 612 00:30:38,120 --> 00:30:40,800 Speaker 5: is a chance that he could be more partisan, either 613 00:30:40,880 --> 00:30:43,360 Speaker 5: in his statements or well, he's already being partisan in 614 00:30:43,400 --> 00:30:45,480 Speaker 5: his statements, but by writing a huge check. 615 00:30:49,600 --> 00:30:53,560 Speaker 3: All right, But let's pretend indeed that Trump wins and 616 00:30:53,880 --> 00:30:58,360 Speaker 3: he gives Mosque a cabinet seat. All right, Mac, I 617 00:30:58,400 --> 00:31:01,320 Speaker 3: need you to tell me what cabinet seat is it 618 00:31:01,400 --> 00:31:02,520 Speaker 3: that Elon musk. 619 00:31:02,600 --> 00:31:05,240 Speaker 5: So I would guess that they will create a new 620 00:31:05,520 --> 00:31:06,360 Speaker 5: cabinet position. 621 00:31:07,960 --> 00:31:09,719 Speaker 2: What are cabinet secretaries? Are they? 622 00:31:09,760 --> 00:31:14,400 Speaker 5: Secretaries may be Secretary of Romance, because Trump will come 623 00:31:14,440 --> 00:31:18,480 Speaker 5: around to the well, this is done serious Secretary of 624 00:31:18,520 --> 00:31:22,280 Speaker 5: Romantary of procreation, and there will be a you know, 625 00:31:22,360 --> 00:31:25,520 Speaker 5: the Elon is very worried about the population christ We've 626 00:31:25,520 --> 00:31:28,040 Speaker 5: seen as in other countries, we see, you know, Vladimir Putin, 627 00:31:28,080 --> 00:31:30,840 Speaker 5: when you know, other other world leaders have have become 628 00:31:30,840 --> 00:31:34,200 Speaker 5: concerned about, you know, not having enough babies. I could 629 00:31:34,200 --> 00:31:36,520 Speaker 5: see Trump coming around to that point of view and 630 00:31:36,640 --> 00:31:39,120 Speaker 5: Elon Musk it's one of his interests and you know 631 00:31:39,360 --> 00:31:39,880 Speaker 5: who better. 632 00:31:41,360 --> 00:31:43,920 Speaker 3: All right, Uh, I don't know how you follow that. 633 00:31:44,040 --> 00:31:49,240 Speaker 3: But what post do you envision Musk getting in this scenario. 634 00:31:50,800 --> 00:31:53,640 Speaker 1: I think that it would be, you know, some sort 635 00:31:53,680 --> 00:32:00,000 Speaker 1: of advisory role on technology or electric vehicles, not appropriation. Yeah, 636 00:32:00,120 --> 00:32:02,600 Speaker 1: I'm not I'm not going to touch that. I don't 637 00:32:03,000 --> 00:32:04,200 Speaker 1: I want no part of that. 638 00:32:04,560 --> 00:32:09,360 Speaker 2: Bloomberg was separately Max, Okay, I was joking. 639 00:32:09,520 --> 00:32:11,719 Speaker 5: I don't think that's actually going to happen, And I 640 00:32:11,760 --> 00:32:13,640 Speaker 5: was hoping Nancy would also make it. 641 00:32:13,760 --> 00:32:17,640 Speaker 6: Give a joke answer, But Nancy, Nancy is a serious journalist. 642 00:32:18,000 --> 00:32:22,560 Speaker 5: I think more realistic is like the CEO Council's. Yeah, 643 00:32:22,680 --> 00:32:25,520 Speaker 5: I'll be on some some boring council. 644 00:32:25,840 --> 00:32:28,400 Speaker 2: He won't be telling us all to have more babies. 645 00:32:28,440 --> 00:32:31,400 Speaker 3: Okay, all right, And so Nancy, you're sticking to the 646 00:32:31,440 --> 00:32:32,400 Speaker 3: advisory role. 647 00:32:32,640 --> 00:32:33,920 Speaker 6: Kurt, what do you got for us? 648 00:32:34,720 --> 00:32:39,120 Speaker 4: Is the is the head of Space Force a position? 649 00:32:39,160 --> 00:32:41,800 Speaker 3: See that is good because that's simultaneously a little fun 650 00:32:41,800 --> 00:32:44,280 Speaker 3: and clever and also almost could be a thing. 651 00:32:44,440 --> 00:32:46,720 Speaker 2: If you're like, don't you have to be a general 652 00:32:46,800 --> 00:32:49,200 Speaker 2: to be the Space Force? Is like a branch. 653 00:32:49,040 --> 00:32:52,560 Speaker 4: Unless you musk, unless you're Elon Musk, in which kill. 654 00:32:52,520 --> 00:32:55,120 Speaker 2: Trump will just give him like four or five stars. 655 00:32:55,200 --> 00:32:57,800 Speaker 3: All right, here we go, because Kurt, Kurt, because you 656 00:32:57,960 --> 00:33:01,120 Speaker 3: passed that test with flying colors. The last question in 657 00:33:01,120 --> 00:33:02,840 Speaker 3: the segment, I'm going to start with you and try 658 00:33:02,880 --> 00:33:05,000 Speaker 3: to set an example for the others. Here I am 659 00:33:05,040 --> 00:33:07,200 Speaker 3: setting in again in this scenario in which he does 660 00:33:07,280 --> 00:33:09,840 Speaker 3: now he is now a cabinet member. I am setting 661 00:33:09,840 --> 00:33:13,240 Speaker 3: the over underline and how many days he stays in 662 00:33:13,280 --> 00:33:16,000 Speaker 3: that post between before he's either fired or quits at 663 00:33:16,160 --> 00:33:19,680 Speaker 3: sixty days? Do you take the over sixty or under sixty? 664 00:33:20,440 --> 00:33:21,479 Speaker 4: I would take under. 665 00:33:21,800 --> 00:33:22,520 Speaker 6: I would take under. 666 00:33:22,760 --> 00:33:23,920 Speaker 2: That's like five mooches. 667 00:33:23,960 --> 00:33:29,280 Speaker 3: I guess it's like five max over under sixty. I think, God, 668 00:33:29,320 --> 00:33:30,800 Speaker 3: this is not a difficult question. 669 00:33:32,440 --> 00:33:34,160 Speaker 2: I'm can I take the line. 670 00:33:36,240 --> 00:33:38,320 Speaker 6: I's cambling, I've never don it again. 671 00:33:38,360 --> 00:33:44,560 Speaker 1: Answer over over Nancy, under under it's. 672 00:33:44,360 --> 00:33:47,840 Speaker 3: Totally under by the way, Nancy's got that right. 673 00:33:50,000 --> 00:33:51,560 Speaker 6: Nancy, thank you very much for joining us. 674 00:33:52,080 --> 00:33:55,080 Speaker 1: Thanks for having me. Good luck guys on that. 675 00:33:56,200 --> 00:33:58,720 Speaker 6: Max Kurt, thank you very much. 676 00:33:59,280 --> 00:34:00,000 Speaker 4: Thank you for having me. 677 00:34:00,600 --> 00:34:01,280 Speaker 2: Great to be here. 678 00:34:08,520 --> 00:34:11,920 Speaker 3: This episode was produced by Stacey Wong. Naomi Shaven and 679 00:34:11,960 --> 00:34:16,200 Speaker 3: Rayhan Harmansi are senior editors. The idea for this very 680 00:34:16,280 --> 00:34:20,279 Speaker 3: show also came from Rayhan. Blake Maples handles engineering, and 681 00:34:20,280 --> 00:34:23,960 Speaker 3: we get special editing assistants from Jeff Grocott and Antonio Muffarech. 682 00:34:24,440 --> 00:34:27,160 Speaker 3: Our supervising producer is Magnus Hendrickson. 683 00:34:27,640 --> 00:34:28,640 Speaker 6: The Elon Inc. 684 00:34:28,760 --> 00:34:32,680 Speaker 3: Theme has written and performed by Taka Yasuzawa and Alex Sugira. 685 00:34:33,280 --> 00:34:36,720 Speaker 3: Brendon Francis Newman is our executive producer, and Sage Bauman 686 00:34:36,800 --> 00:34:38,200 Speaker 3: is the head of Bloomberg Podcast. 687 00:34:38,800 --> 00:34:40,160 Speaker 6: I'm David Papadopoulos. 688 00:34:40,320 --> 00:34:42,880 Speaker 3: If you have a minute, rate and review our show, 689 00:34:43,080 --> 00:34:44,839 Speaker 3: it'll help other listeners find us. 690 00:34:45,080 --> 00:34:45,960 Speaker 6: See you next week.