WEBVTT - KANYE AND THE FALL OF ADIDAS

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Let's talk about Kanye Kanye before. Well, yeah, and the

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<v Speaker 3>company that used to be with Adidas. Yes, this is

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<v Speaker 3>this is the this is the big one. This is

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<v Speaker 3>this is this is the one right here.

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<v Speaker 4>Yeah, I'm gonna add a little salt into it that

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<v Speaker 4>people probably I might get attacked for the first time ever.

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<v Speaker 4>But I have to say from a business some things

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<v Speaker 4>that happened, I'm preparing myself for it.

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<v Speaker 3>Nothing nothing controversial, you know how nothing our plan for everything.

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<v Speaker 3>Ian Synth he's talking points over it was this idea.

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<v Speaker 3>He put us up to it. Yeah, you want, you

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<v Speaker 3>want to talk about.

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<v Speaker 4>Something after we get because we're gonna Obviously, the report

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<v Speaker 4>came out that Adida lost one point three billion.

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<v Speaker 3>After expected loss of one point three billion after cutting

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<v Speaker 3>ties with Yay. Now they have been reports that they're

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<v Speaker 3>trying to remake some yeasy brand to try to not

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<v Speaker 3>gonna rework, you know, kind of like bring a vampire

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<v Speaker 3>from from the dead back to life type vibe to

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<v Speaker 3>help their company. Long story short, Adidas has lost one

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<v Speaker 3>point three billion dollars in revenue so.

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<v Speaker 5>Far, right, and that's just based on an estimate.

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<v Speaker 3>Estimate because of the the cutting ties with Yeezy and

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<v Speaker 3>Yeasy brand. So there's a lot to unpack here, right.

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<v Speaker 3>It's you know, we we talked about Yay when he

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<v Speaker 3>his network dropped and he lost a billion, but nobody

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<v Speaker 3>ever talks about what happened to the other guy? That's

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<v Speaker 3>the thing, Like you know what I'm saying. It's like

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<v Speaker 3>people always say, like, Okay, this guy got beat up

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<v Speaker 3>in a fight. Well, what happened to the other guy

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<v Speaker 3>next week? Infation when he came back, when he came

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<v Speaker 3>next week, what happened to the guy that got punched

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<v Speaker 3>in the face? Like, yeah, he got punched in the face,

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<v Speaker 3>he got knocked out. What happened to the guy that

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<v Speaker 3>knocked him out?

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<v Speaker 5>But even bigger? Right? What?

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<v Speaker 4>So like they they cut ties with their biggest asset, right,

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<v Speaker 4>which is which was Ya. But what does that do

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<v Speaker 4>to the trust of the other people that are on

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<v Speaker 4>the brand?

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<v Speaker 5>Right?

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<v Speaker 4>Do we now rock with the brand? Because if I

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<v Speaker 4>liked Yay and I love obviously everybody was wearing his things.

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<v Speaker 4>He's moving over a million units a year, probably more

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<v Speaker 4>than that. Do I rock with the data athletes?

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<v Speaker 3>Now?

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<v Speaker 4>Do I rock with other people and entrepreneurs that are

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<v Speaker 4>having Adidas as partnerships?

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<v Speaker 5>It affects canna affect theirselves?

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<v Speaker 4>Right, So you got to look at it from not

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<v Speaker 4>just what they did with him, but the ramifications of

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<v Speaker 4>what it.

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<v Speaker 5>Will have on the overall business. Yeah, so what they

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<v Speaker 5>what they try to do is.

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<v Speaker 3>Like, so what was the controversial thing that she was

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<v Speaker 3>going to Well.

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<v Speaker 4>So let me, I'm gonna break down the a part first, right,

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<v Speaker 4>So that the first part was obviously they had the merchandising,

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<v Speaker 4>which is key, right, They had the merchandise and it

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<v Speaker 4>was branded with Geezy on it. And so now you're

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<v Speaker 4>stuck because you can't put that out right or they're

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<v Speaker 4>going to try to put it out, but people are

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<v Speaker 4>going to realize that it's not associated with the person anymore,

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<v Speaker 4>and so what's the chance of its selling? So rather

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<v Speaker 4>than shipping out, they're going to probably take a loss

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<v Speaker 4>on that. So the ramifications of it, I was like,

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<v Speaker 4>all right, well let me look who else is on

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<v Speaker 4>who's the next most prominent person on a data Obviously

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<v Speaker 4>MESSI is a data athlete and a lot of people

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<v Speaker 4>obviously with the World Cup, but they took a loss

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<v Speaker 4>on the overall they sponsored the World Cup and took

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<v Speaker 4>a loss on it. But then I started thinking, like, yo,

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<v Speaker 4>Beyonce's on it. Beyonce, check these numbers out. All right,

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<v Speaker 4>we got so Beyonce has the Ivy Park brand at

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<v Speaker 4>Adida and she she announced that in twenty eighteen. So

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<v Speaker 4>in twenty and twenty two, Ivy Park roughly did forty

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<v Speaker 4>million dollars in sales. Right in twenty twenty one they

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<v Speaker 4>did ninety three million in sales. Right, so last year

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<v Speaker 4>we're talking almost a fifty six percent cut. The company, Adida,

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<v Speaker 4>projected that line to do two hundred and fifty million

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<v Speaker 4>dollars in twenty twenty two. That was the projection based

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<v Speaker 4>on what happened in twenty twenty one. They projected it

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<v Speaker 4>up sale of two point fifty. It came in at

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<v Speaker 4>forty in twenty twenty three. This year, Adidas projects the

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<v Speaker 4>line to do sixty three million. They originally earners.

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<v Speaker 5>What's up?

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<v Speaker 4>pushing your vision forward. This episode is brought to you

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<v Speaker 4>by P and C Bank. A lot of people think

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:07:18.680 --> 0:07:22.600
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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

0:07:30.080 --> 0:07:34.880
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:07:34.920 --> 0:07:38.440
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:07:38.520 --> 0:07:41.720
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:07:41.800 --> 0:07:45.680
<v Speaker 1>are here illegally, your next you will be fined nearly

0:07:45.760 --> 0:07:49.760
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:07:49.800 --> 0:07:53.440
<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Parking at Homeland Security.

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<v Speaker 4>He had compared the projection to be at three hundred

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<v Speaker 4>and thirty five million dollars.

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<v Speaker 5>They thought Ivy Park would bring that in.

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<v Speaker 3>Oh, so is this the controversial thing? Well, so are

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<v Speaker 3>you attacking to be hot hocketing, I'm not attacking to

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<v Speaker 3>Are you saying Beyonce's underperforming. I'm gonna say you can't

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<v Speaker 3>be got to be extremely Let's be let me just know.

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<v Speaker 5>We got a number.

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<v Speaker 3>The number cut the lights out.

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<v Speaker 4>Now here's the difference, though, here's a difference now, right,

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<v Speaker 4>So is the line underperforming based on their projections? Yes,

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<v Speaker 4>here's what can happen in twenty twenty three. And I'm sure,

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<v Speaker 4>like your sister is aware, and.

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<v Speaker 5>My wife is aware, and I'm aware, Beyonce is.

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<v Speaker 3>Going on tour, absolutely world tour.

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<v Speaker 5>The world tour.

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<v Speaker 4>It has over fifty dates. I'm sure there's gonna be

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<v Speaker 4>a marketing campaign around it. I'm sure Ivy Park would

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<v Speaker 4>be at the forefront of a lot of the campaign.

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<v Speaker 5>Will it help the sales of the braak please?

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<v Speaker 4>For my sake, yes, my sake, yes, But based on

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<v Speaker 4>how it was projected, they're at a point now in

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<v Speaker 4>twenty twenty three whether they're going to see this thing

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<v Speaker 4>out or they're going to say, you know what, we

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<v Speaker 4>can't bring her back.

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<v Speaker 3>What can't bring Beyonce back?

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<v Speaker 6>Oh, I don't know, if I'll go on record, if

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<v Speaker 6>adigas don't know about the behish you think the Kanye debaccos.

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<v Speaker 5>Can you?

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<v Speaker 4>I mean, is it a smart business decision to bring

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<v Speaker 4>it back?

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<v Speaker 3>Well, do you know how much they spent Well, we

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<v Speaker 3>would have to know how much they spent on it

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<v Speaker 3>to see even though that the projections are a little

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<v Speaker 3>are lower than what they thought lower, it can still

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<v Speaker 3>be profitable. We have to see how much they spent

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<v Speaker 3>on marketing, how much they spent on manufacturing, and see

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<v Speaker 3>it if because if you're making money with Beyonce, no brainer.

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<v Speaker 3>Even if you're losing money with Beyonce, is still in

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<v Speaker 3>a brainer because it's still it's still so you've got

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<v Speaker 3>to be losing a lot of money.

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<v Speaker 4>So one of the issues is that they say that yes,

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<v Speaker 4>she will do the campaigns and this commercials, but when

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<v Speaker 4>you see her out in public, when you do see

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<v Speaker 4>it out in public, is she wearing it?

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<v Speaker 3>I don't know. That's a different fee.

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<v Speaker 6>The mistake that they made was having that poison pill.

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<v Speaker 6>So they have to pick whether they're gonna pay them

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<v Speaker 6>a roy to keep it on the shelf. That was

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<v Speaker 6>a smart move on Kanye's team to have that in.

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<v Speaker 6>So it's like it's mutual self destructure if the partnership

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<v Speaker 6>does not go well. Adidas once again that profit margin

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<v Speaker 6>is not that great. So I put it in telegram

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<v Speaker 6>for stock Club. But you guys should go look with

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<v Speaker 6>it what the operating margins are for Adidas. Anyway, if

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<v Speaker 6>I was Beyonce, I would make a concerted effort to

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<v Speaker 6>renegotiate my contract.

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<v Speaker 5>This is nothing against beyond. This is all business.

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<v Speaker 4>Listen, listen before the before I started getting these bees

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<v Speaker 4>in in my chack. Look, I've been to fifteen Beyonce shows.

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<v Speaker 4>I am hi quarter of Beyonce and all things of

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<v Speaker 4>the Nose family. We went to our mom's gala. I

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<v Speaker 4>will be I will be at the Renaissance tour. This

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<v Speaker 4>is a fact. I will be front and center. In fact,

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<v Speaker 4>when you see the video, you understand how much of

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<v Speaker 4>a support I am. I just want to make sure

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<v Speaker 4>that the business is right, and I'm sure she will.

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<v Speaker 6>Todas has some big shoes to fill up pun intended

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<v Speaker 6>with that fiasco, and I don't know if they'll be

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<v Speaker 6>able to like what ambassador could they get.

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<v Speaker 5>Who's the who's the next person.

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<v Speaker 2>They're going to have to pay Luca probably five hundred.

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<v Speaker 5>Because not leaving brands. He's not leaving.

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<v Speaker 3>That's they sent They sent it in the group chat.

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<v Speaker 3>We got eight hundred new people that's watching it now.

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<v Speaker 3>So she said that, No, I'm that serious. It went

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<v Speaker 3>from six thousand and sixty eight hundred people here. No,

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<v Speaker 3>they sent it in the group chat.

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<v Speaker 5>We pray for everything beyond it.

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<v Speaker 3>We love listen God. Matter of fact, guys, I'm about

0:11:46.960 --> 0:11:52.720
<v Speaker 3>to put lemonade up here. Listen, guys, guys, listen. Beyond

0:11:53.160 --> 0:11:59.960
<v Speaker 3>is the greatest seven point five, the greatest, the greatest. Well,

0:12:00.040 --> 0:12:01.240
<v Speaker 3>Mike might be the greatest.

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<v Speaker 6>My graduates from my school being fores back drop drop

0:12:09.080 --> 0:12:11.559
<v Speaker 6>Mike drot bag drop droft.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:12:25.520 --> 0:12:29.319
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:12:29.559 --> 0:12:33.720
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:12:33.800 --> 0:12:37.680
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:12:37.760 --> 0:12:41.520
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:12:41.559 --> 0:12:45.160
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:12:53.600 --> 0:12:56.840
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:12:56.880 --> 0:13:00.439
<v Speaker 1>are here illegally, your next you will be we find

0:13:00.440 --> 0:13:04.560
<v Speaker 1>nearly one thousand dollars a day imprisoned and deported. You

0:13:04.640 --> 0:13:08.160
<v Speaker 1>will never return. But if you register using our CBP

0:13:08.320 --> 0:13:11.040
<v Speaker 1>home app and leave now, you could be allowed to

0:13:11.120 --> 0:13:15.920
<v Speaker 1>return legally. Do what's right. Leave now. Under President Trump,

0:13:16.080 --> 0:13:19.680
<v Speaker 1>America's laws, border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security,