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That's Odo.o.com Support for the show comes from Odo. Running a business is hard enough, so why make it harder? With a dozen different apps that don't talk to each other. Introducing Odo.
It's the only business software you'll ever need. It's an all-in-one fully integrated platform that makes your work easier. CRM, Accounting, Inventory, Ecommerce, and more. And the best part?
Odo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you? Try Odo for free at Odo.com.
That's Odo.o.o.com The Electoral College is convening to cast votes for Joe Biden, who will win. And the Trump people still think they're going to win, which is interesting. Stephen Miller said there should be an alternate slate of electors. But also the universe is out.
No. He's probably his friends, the friends he has, which of which count zero. So that's happening, which is great, which hopefully we're getting closer and closer to not having problems here. But it's going to go down to the wires.
Trump is set. He's not going to stop. But I think we need to start ignoring him absolutely and completely. So I'm going to move on.
For Russian hackers, actually, they're complaining about a fraudulent hack election. Russian hackers are actually believed to have hacked into small systems, email systems at the Department of Treasury and Commerce over the course of months undetected. It's possible other departments as well as private companies have been hacked as well. So this is the actual rigging and hacking going on by the Russians, which was disclosed this weekend.
The same time Google went down for a short time last night. So a lot going on. What do you make of this? Well, if you think about at the end of the day, the president or elected officials are managers.
And all managers are supposed to do is allocate capital to a greater return than capital that's allocated by competitive managers or competitive organizations. And so if you think about the leadership and other organizations and where they're allocating capital relative to where we're allocating capital, I think Russia is outplaying us. And Russia's figured out that, OK, you have a US that spends more on their military, conventional military aircraft carriers, planes, tanks, than the next 10 nations combined. We just can't compete.
And we would like them to compete with us. We would like them to build aircraft carriers, but they've decided that's a bad way to money. So they're over investing in cyber warfare. And if you really think about our capital allocation, we spent $700 billion in the military, somewhere between $6 billion and $12 billion on the CDC.
And I don't know what we spend on cybersecurity security, but I would imagine that relative to the threat, our management isn't allocating capital as efficiently as Russia, because if Russia can weaponize Facebook and at a minimum, decrease the sanctity of our elections, if they can tap into federal agencies and create a level of security and create a level, it makes us look at it, it just makes our brand look kind of weak. It's just they're not doing their job. They're not your absolute, they're managers who are not doing their jobs instead of putting up fake, focused on one, focused not on COVID, focused to not on Russia. The actual threats to our democracy is things like this.
And it's really, I mean, the ease of the, especially now that we're just so dependent on these technologies, it's really amazing how badly this administration, has managed to protect us. Well, not only that, but there's an out, there's an out of deterrence. And unfortunately, it's gotten to the point where I don't think there's a huge, this is like an invasion, this is a salt on our, on our, on the homeland. And I think the Biden administration needs to be very thoughtful and coordinate with the Secretary of Defense and our allies and pick me.
We gotta come down hard. Well, we gotta be more than that. We gotta find a city, a satellite city or something in, in Russia or something of strategic interest. And we need to shut it off like a fucking lights with you.
We don't, we don't, well, you know, if you're going to, if you're going to continue to do this, we're going to start hitting back. We're better at this than you know. They know Trump isn't going to do anything. Well, that's my point.
There's no out to the Terrence here. There's no, there's no fear of a bristle. I like that. All right.
Speaking of algebra, it's not really algebraic. Disney's investor day presentation show the company moving even further into streaming. They quietly, well, Jason Kylar has taken all the arrows. I listen to your interview with Jason.
Yeah. That guy's good. He's good. But he's still there coming at him.
Although Holly would be well, first off, he's a tall Paul, he's totally full of shit. Yeah. Right. Light twice.
Oh, movie theaters are great. We still, I still love going to movies. Yeah, he just put a fucking stake through their heart and they're like HBO Max. No, we're actually doing quite well.
I feel Max is in a fucking disaster. Yeah, I'm not going to give him this one. He's very good. He should run for Senate.
That guy is very smooth. Disney meanwhile is doing a lot of the same stuff, but quietly in a relationship way, the shares of doubles since March. Is there, how is there a contract strategy different from what Jason is doing? I think Jason's doing their work for them.
The spade. Oh, gosh. I mean, this is so gangster. If you think about all strategy comes down to one question, what can we do?
It is really hard. What can we do that is so hard? Everyone else has a tough time doing it. Here's the thing with a $20 billion original content budget, it's very hard to do a better job of original content.
The next quote unquote Queen's gambit original stories have never been told before will likely come from Netflix or maybe even HBO Max. But what can Disney do? Disney can say, you know, we spent $100 billion buying these franchises called Pixar called Lucasfilm called Marvel. And what are we going to do?
We're going to spin up six series. What can Netflix not do even if they spend $50 billion in original content? They can't have this amazing mini series on a young Lando Cal Rissian. They can't start, oh gosh, it's such an amazing character introduced that Rosario Dawson is going to play.
They're spinning up. They're going to spin up literally every other week a new franchise adjunct from Mandalore from Raiders of the Stars Wars Avengers. You'll be very happy, Jason, which they have a lot of IP. One of the things he talked about a lot was the amount of IP they had dragons.
Everything game of thrones. They have a lot more than that. They've got a ton of prints of Dorne. They've got a lot of prints of Dorne baddest baddest bisexual in the world.
And granted, I don't know a ton of bisexuals, but he sets the bar. He sets the bar. Actually, he'll write it probably. Probably do.
But here's the deal. I mean, he was talking about using like a lot of their assets and the fact that they hadn't been used. And so I think you're going to see a lot of that. And I think those other people will go wherever the money is.
Honestly, they're righteousness. I talked to Ben Smith about it. He was like right in the middle. I was like, they didn't call them too bad.
They bought the stuff. I'm sorry. Newsflash. It's just in Christopher Nolan and the head of CAA who make $30 million to $50 million a year up the existing film industrial complex.
They can change as a bad idea. Shocker. Shocker. And you know what?
All these guys will absolutely go with the next dollar. The notion that somehow happened. I was like, I wasn't called this. Like, who cares?
Like, years ago, let me tell you years ago when AOL bought Time Warner and Ted Turner got all his knickers and a not later. He said it was the best thing since sex. And then he said, he didn't like it. I recall, I think it was Barry Diller.
He's like, you sold your house. They can do whatever the fuck they want to it. They can put a shitty hat. How do you want it?
They can make tear it down. You shouldn't have sold. You were so mad. Don't sell your house.
And to me, they were so mad. There's more nuance here because they have back end deals largely dependent upon growth. They're going to have to pull out their checkbooks and say, okay, you weren't expecting this is a different model. They'll be settled by lawyers.
But it's literally like J.C. Penny Singh. Amazon is a terrible shopping experience. It's just, it's just okay.
Really true. All right, we're going to get on. We are with Hollick. You realize we're effectively dictating a Disney strategy this one.
Who six months ago said Disney needed to go full Rundle? Who said the six months ago? You did Scott. That's right.
Thank you. Okay, Scott, big stories. The COVID-19 vaccine is officially being distributed in the United States. We're not talking about this about this with Stephanie Relator because she just had COVID.
The first person to receive the vaccine in the US was an ICU nurse in New York. I love that. That was lovely. I like this whole, the public having it.
I really think it's great. Across the country, 145 sites were set to receive the vaccine on Monday, 425 on Tuesday, and 66 on Wednesday. Meanwhile, Major Islands included United and Jep Lulu are introducing an app called Common Pass that will verify passengers COVID status. They should have done this a long time ago.
The Apple then issue confirmation codes enabling passorship boards, certain international flights. It's just the start of a push for digital COVID credentials as people start receiving the vaccine. What do you think of the United States distribution plan is getting criticized? Lark to because we didn't order enough.
Who could step in and streamline it? How is it going to be months and months? Meanwhile, Bill Gates is saying it's going to be until 2020 to mid 2022 before anything's normal. Others say much earlier.
What is your feelings? There's so many things going back here. The first and foremost, this is really, really exciting and wonderful in terms of what makes us human in terms of cooperation and having a disproportionate brain so large we have to be expelled from our mother early. This is our superpower as a species.
Vaccines represent our superpower. It's very exciting. It's also there's some very scary things here. What's going to happen under the auspices of vaccine?
A lot of people are going to loosen their behavior. We're going to see record death. We're going to see record death during the vaccine as it's distributed. We're going to see a lot of selfish behavior, specifically people deciding to wait because they have these fucked up, non-scientific, non-data-driven fears around this vaccine, which is total, it's nonsense.
We need to dispel people of the notions or we need to outline what are the real risks here. It's something similar to not being eaten by a shark or struck by lightning, but being struck by lightning while you're being eaten by a shark. I'm really fearful that if the distribution doesn't go as expeditionally as it should, that we are going to have record deaths under the auspices of the cold comfort of a vaccine. I actually believe I disagree with Bill Gates.
I actually think we're going to be able to get it if you want it sooner than you think. For bad reasons, I think a lot of people are going to decide to hold back for six or 12 months, which is the wrong decision. This is a credential validation. It's interesting.
Vaccine validation. What do you think? I have mixed, as you might imagine, but I do think you do get validated for a lot of other things. When you, I vaccinate my kids, you need to turn it in before you go to school, if they go to school, all kinds of vaccines, and I'm okay with that.
I don't mind if it's done privately, validation of the places that you could spread COVID. Yes, I'm kind of for that. I'm kind of like, yeah, because it's done in other places all the time. Like herpes, or if you have a communicable disease, that's communicated.
I think this is a public health issue, and I think it's quite different. If it can be done in a private way, share it with the right people, sure. We need a passport and your identity, and it's a travel abroad. If you live in Texas, the Republican governor made it law that people have youth have HPV vaccines to go to certain public schools all over America, shit to go to certain countries who need vaccines.
Of course, at MIT, if you're a student, you have to be tested every week, or you can't get into the university buildings. This is absolutely this. This is a public health. And also, by the way, a lot of the stories of people going to Europe, they get totally tested and they get totally checked, and everything else in here, you can wander around and do whatever you want and cough on people.
So I think it's, we're just doing a disservice to our economy by doing, by behaving like this. And it just continues this weekend. We had all the proud boys here in DC coughing on everybody and beating people up, which is just worse people on the planet, I think. No, they're not the worst, but they're among the worst.
And so I think that people still will have this disdent. They're going to be proud all the way to their graves is what they're going to be, proud in their whatever, I don't even know what to call it. But I do think people should be, if you were a company, people cannot come into the office unless they've been vaccinated or had proof of antibodies. I just think it's just safe.
It's just public safety. In terms of distribution, you and I talk about this. I don't understand. I think Jeff Bezos and Doug McMillan and UPS and FedEx, I think all five of them should get together with Joe Biden and say, our firms, our workforce are at your disposal.
And not to have a fake. Remember that fake press conference? Doug McMillan was at that Trump conference, who was coughing on everybody the same one, where nobody was wearing masks, which was just the worst matches of all time. So I do think you're right.
I hopefully they have a plan. I think the people involved with Biden have done this before. So perhaps they will and you know, Fauci is now doing like a little victory dance everywhere because he's going with Biden. He's riding with Biden and now is not in fear of being fired, obviously.
So I think it'll be interesting to see how, you don't want them to overreach at the same time given all the sensitivities now. But I do think a really firm hand throughout this vaccination process. It's critical. All right, Scott, let's go to a quick break.
We come back. We'll talk Roblox delaying his IPO and friend of the Stephanie Rule under experience with COVID-19 and the economy. Support for the show comes from Odo. Running a business is hard enough.
So why make it harder? With a dozen different apps that don't talk to each other. Introducing Odo. It's the only business software you'll ever need.
It's an all-in-one fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce and more. And the best part? Odo replaces multiple expensive platforms for a fraction of the cost.
That's why over thousands of businesses have made the switch. So why not you? Try Odo for free at Odo.com. That's O-D-O-O.com.
Support for the show comes from Odo. Running a business is hard enough. So why make it harder? With a dozen different apps that don't talk to each other.
Introducing Odo. It's the only business software you'll ever need. It's an all-in-one fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce and more.
And the best part? Odo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you?
Try Odo for free at Odo.com. That's O-D-O-O.com. Scott, we're back. Roblox, the popular video gaming company, is the Langleyt IPO until 2021 after last week's Market Burst with Airbnb and DoorDash's IPOs.
The company's co-founder and chief executive, David Bezucky, announced the decision saying that waiting provided, quote, an opportunity to improve our specific process for employee shareholders and future investors both big and small. Roblox has exploded in popularity since the beginning of the pandemic, especially among children. And the first one was the first $1.1 million daily active users in the first nine months of 2020, up 82% from a year earlier. So is this a good move for the company?
So simply put mine alone. I mean, when was the last time you heard of an IPO pulling because the market was too strong? Yeah. IPOs get pulled because they're not going to get enough money.
This is a company. And this is, first off, Roblox, of all the IPOs I was excited about, of all the IPOs, of all the IPOs, I would have thought would have gone not only crazy on day one, but actually sustained a one-year gain because let's be honest, rich white people have figured out a way to capture all the gains, right? And Google went public, it went public, like a $2 billion market cap. So that run up.
If it was going, if Google was around now, the private investors, the institutional investors, would wait. Companies used to take three years. Successful companies go public, now they take seven, so the institutional people can capture more of the upside. So what you have is, I mean, income and quality got crazy, but if there was one stock I thought was undervalued even going into this crazy environment, it was Roblox, some stats on Roblox.
The number of people daily active users, as a percentage of their total monthly active users, come from 18 to 24%. They pay a third of their revenues out to creators. No one creator has more than, I think, 10%. They have over 50% of kids under the age of 16 have been on Roblox in the last 30 days.
I think Roblox is arguably the most- Explain the delay, why? Because this was only going to be a $3 billion. So if you look at Airbnb, it was $30 billion raising $3 billion. And everyone's like, oh, they left so much money on the table.
Yeah, okay, but they only took 10% of their floatout, meaning that the additional dilution they took was about 5%. In other words, they didn't float the entire $30 billion valuation of the company, they floated $3 billion of it. So the fact that the stock doubled, everyone cries, well, they left a ton of money on the table. Yeah, okay, they did.
That's true. But at the same time, they got this huge branding event, huge momentum, real excitement, it was on the front page. So these things are now becoming sort of branding events. Now, if the stock doubles, the number of stocks that doubled in 2000 from their IPO in 2019 was like two.
And it averages one to three a year. This year, there's been 11 already. So we've never seen an IPO market like this. So you do leave some money on the table.
Now, when you talk about Roblox, which is going out at evaluation of around $3 billion and raising $300 or $400 million, they were literally setting up a scenario. This thing could have gone out three or four, this thing could have popped three or four hundred percent on the first trade. This is a juggernaut. This is arguably the most influential company for people in this age of 16.
And here's the thing, this is why it's different than Facebook, which is arguably the most influential company. So, Dennis, they are spending a ton of time on safety. They're giving parents a certain level of confidence that, okay, you're not going to radicalize my young boy or you're not going to create teen depression among my young girl. They are reviewing tens of millions of pieces of content.
I went through their S1, they mentioned the word safety 16 times, they talk about parental. I mean, they are, this company is just so fucking gangster. 79% of their full-time staff are engineers. They're more of a tech company than Google.
They're more of a tech company than Splunk or Palantir. I mean, this is a true tech company. And they've said, all right, let's try and share the wealth with our content creators. And let's try and create a safe platform.
So it's that we pretend we actually have kids or that we give a good goddamn about other people's kids. The revenues, the market- You like yourself from- Oh my God. All right. Well, you know what else?
One more thing. One more thing. The market was missing. There was a lot of money.
People prepaid for Robux. So it's negative work in capital. The free cash flow on this thing is gangster. So if there was ever an IPO I wanted in on, it was this thing.
And this is a good move. This is a good move. Well, they basically pulled back and said, maybe it's not 3 billion. Maybe it's 10 billion, right?
Right. But this just shows how the narrative has totally taken control of the numbers. We've never seen an IPO market like this. Yeah.
So are you worried? I might worry about what? The IPO market. They're being being dored.
Oh, there are canaries everywhere. The problem is trying to time the market. The problem is the economists basically perfectly depicted the meltdown of the dot bomb. The problem is they called it in 1997 and the market went up another 60%.
It's your greek glands versus your fear, right? How would you play it? Give me one quick tip. Oh, if you can get into any of these.
I would try and get into them, but I would also diversify like crazy and hedge stuff. I just think, you know, and it obviously depends when you get in. But let's be honest, just know getting around it. This is another point in the line that isn't coming to quality because more and more of the gains are being captured by private by people who's managed by Goldman institutional investors, the VCs.
And by the time the retail investor gets access, Airbnb is already worth more than the next five hospitality companies combined. Yeah, I had a friend who's like, I got in 106. I was like, oh, careful. I didn't know what to say.
I don't know. I don't do stocks. So I don't know. It's very worrisome time.
Okay. Let's move on to our favorite friend of pivot. Stephanie rule who is always he's she's more than a friend of mine too and the Scots. Anyway, Stephanie, let's talk about your obviously an MSNBC anchor and NBC senior business correspondent, but she also is a survivor of COVID.
What do you want to call yourself? What is the somebody we're covering from COVID, I would say? So tell me about tell me about what happened and I want to talk about you talked about the experience with COVID on your show. How are you feeling first of all?
And you tell us how you think about the virus differently now? I would say I know I don't have the virus in me anymore. And I know that because I'm a lucky girl who has great, great doctors who can tell me that. But what I have felt more than anything is this overwhelming sense of confusion, not really knowing how I'm doing.
You know, you get past your 14 days and if you still feel lousy, can you be around anyone? You're understanding how quarantine works, how being contagious works. And I'll tell you, you my friend kept saying to me, take this thing seriously. Because I think a lot of people, even when they get a positive COVID diagnosis, they're assuming this is a disaster and I'm going to need to go to a hospital.
Just because you don't have to go to a hospital doesn't mean A, you're not super contagious and B, it doesn't mean you're sick. You're not sick. So while I don't have the virus in me, I can tell you I have never been this exhausted and that has me worried. I don't know how long it's going to take to sort of get back to myself.
Yeah, when we try to underscore is we're not celebrities like Rudy Giuliani that we get to go into the hospital, get the very latest because there are some treatments that work rather well now. And I've gotten very good at dealing with people who are not extraordinarily sick. But that's what amazes me more about President Trump than Giuliani. I would have thought after Trump had it, he would have A, empathy would have kicked in him and doesn't have that.
Okay, but if you're a normal person, empathy would have kicked in and he would have realized, look at this unbelievable care I got. Look at these doctors, look at all these answers I got. Imagine what this is like for the rest of the world because let me tell you, that is what overwhelmed me for the two weeks when I was sitting home. But even if it wasn't empathy, I don't understand it on the other side how the president didn't have sheer brutal political instinct to say, oh my God, this is impacting this entire country.
What do I do now that I've experienced COVID knowing what this is like? What do I do to say, I'm sorry America, I didn't realize what this was like, time to really do something. I don't understand how after Trump having this, he still stayed on the path of quasi denial and to me. Because he said, I got over it, suck it up Sally.
That's really I think that's because for him, he and the White House get rapid COVID tests every single time they walk into a room, having no understanding of how brutal it is to even get a test, then get your test results. And then when you do, and they're contradictory, people are like, oh, well that test wasn't that great. Trump doesn't have to experience any of that. Right, so when you look at it and I'm glad you're feeling better, but you're still going to have repercussions, how do you, people have sort of, I have this sort of magical answer of vaccine, it's always, and I think we had Michael Mino on the other day and he's talked about the idea that it's as if London was getting bombed and they said the F-22 is coming, or you know what I mean, and not doing anything else to protect from bombs essentially until we're waiting for the magical vaccine to kick in.
To me, the abject failure of our government, which has crushed us from a health and economic perspective, is testing. Just think about this, Cara, the minute you technically, as soon as you know you have exposure, you're supposed to quarantine. Most people cannot afford, a lot of people can't afford to quarantine, or they're unwilling to do it, or they think they're, isolating means you are around no one for 14 days. People aren't really doing that.
But if we have, I can tell you, when I was never officially contact traced by the government, but when I went and made calls to contact trace myself, people don't want to take your call. We know from COVID, if you wash your hands, wear a mask, you're socially dissident, we're lowering the risk, you get it. But if you do get it, the answer is quarantine. So if they had done anything around testing, we should be at a place now where you have an app on your phone, or you can see if you're positive or negative.
And that will change the decision you make, whether or not you walk out of the front of your house. Or not allowed to. In Taiwan, they had a cooperative system, but it was quite strict. It's like they find you if you, you did that.
And they keep, kept people in hotels. They had a really great system of feeding them and keeping them in hotels and they had almost no, and they could stay open. And listen, when I have liked to have gone to a hotel for two weeks, or my husband, I wouldn't have liked it, but I absolutely would have gone because at the very least, the stress and pressure you're under, how complicated it is to actually quarantine. I had the privilege that I have enough spaces and people in my life to help me quarantine.
Most people don't have that privilege. And our government is basically saying, do the right thing, and we're giving you nothing to help you do that. So to me, if we would have sorted out testing, we could have schools and businesses open. Quite quickly, Kara, I could have gone into any store on any day when I had COVID because I never had a fever.
My kids quarantined for the amount of time. They didn't technically have to get a test. My kids would have gone into three different schools and infected all three schools. They only got a test because my employer mailed me an adult test at the end of it, which is amazing.
So how do you think the vaccine will immediately affect the US economy? Let's get into the economy now that we've already done the damage, the unnecessary damage, by the way. Listen, things are going to open back up. There's enormous pent up demand.
It's not like we're not spending money. When you look at the stock market, one of the reasons so many big public businesses are doing so well is because that's where we're spending money. Look at DoorDash. Okay?
Once the economy opens back up, we're not going to need DoorDash. DoorDash had one of the most phenomenal IPOs out there. Why? Because we can't go into restaurants.
You're going to see a good portion of that reversed. It's very sad because all of these big business and remember DoorDash takes a cut from your favorite little local restaurant where you're ordering from. While people are saying, oh, the stock market's doing so well, part of the fuel that's pushing the stock market up is the lifeblood of American small business that's dying at this moment. Right.
Now, when you talk and think about that, the impact, what do you see in the short term, the medium term and the long term for the economy? Scott, our Scott often says, listen, help people, not businesses. I completely get that. However, we are going to lose.
We already have over 100,000 small businesses. That's not going to change. And if you think about so many of those jobs in sort of the hospitality industry, they're not coming back anytime soon. On a big level, things that I don't see coming back right away, let's be honest, corporate travel, do you really think we're going to get right back to that?
Everybody flying to this meeting, flying to that meeting, rushing to every possible time for that? No, I don't need to. You realize you don't need to. I'm so glad I always hated traveling.
And so now I think people are going to travel but not nearly as much as they did because if you run a corporation, you may have figured out that your business can survive with everyone from home, but lots of businesses have had a huge loss of productivity and they're not thriving and a waste they are going to keep costs down, they're not going to bring back lots of travel. And lots of us have, lots of executives have a lot less support than we once did and that's probably going to stay for a while. You're going to see low level people not get jobs back. Meanwhile, New York is shutting, speaking of people who are struggling.
New York is shutting down indoor dining, but we still don't have a new federal relief package for small business and workers and individuals. How does this play out? You know, Nancy, I don't even understand what's happening. It's just so confusing.
I don't even understand it. You cover it. I do. Last week I was interviewing Bernie Sanders.
I ended up infuriating him. He called me after the show and told me how angry he was and while I thought we settled things, the Bernie gross swarm has been attacking me ever since. And I was just trying to make the argument to him, they've got to find a middle ground. Like, in business, you and I can hate one another's guts.
But if we work together, every day we have to find some sort of middle ground because we need our company to make money or otherwise we're all going to lose our jobs. Somehow in politics they don't do that. I'm not trying to dog on the Heroes Act. The Heroes Act is beautiful.
But if all you're going to do is get Congress to vote to pass it, you can put that in your pipe and smoke it. It means nothing. You might say, I hate Mitch McConnell's guts. He's the worst person on earth.
Great. Super fantastic. But if you want to get something done, if Republicans or Democrats want to get something done for all the people in the businesses in their states and it's not just blue states suffering, red states are suffering, dude. You've got to figure out how to play ball.
So where do you see, how is it going to play ball? What was your issue with Bernie Sanders so he can get more Bernie bros on you? So I didn't, I honestly didn't mean to be sassy with him. Wait, okay.
He can take it that crusty on me. Listen, he was coming on MSNBC to talk about that he's pushing this idea for $1200. I love that idea. I want that all the support, all the stimulus, bring it on.
But I said to him, great. I'm going on MSNBC talk about it. Great. So what does MSNBC audience going to do say?
Amen. Hallelujah. I asked him, great. What Republican senators do you have on board to vote for this?
And then I said something that maybe was too sassy and I said, you've won the hearts and minds of millions of American people and he has. And I said, but you haven't had enormous success over the last 30 years getting a lot of your initiatives made into law. Do you need to change another lane? And I wasn't saying do you need to want something else, but what I'm saying is do you need to figure out a different way to get Republicans to work with you?
We're in crisis. It's a philosophical debate about what kind of health care you think we should have in a perfect world. People are dying. People are losing their homes.
What are we going to do right now to get both groups that hate each other to find a way to vote? Right. Yeah. And of course, like the Bernie's, that's a good thing.
Oh, essentially he thought you were telling him he did nothing for years. I think that's what he probably did. Yes. And the Bernie's warm is saying you are a corporate hack.
You're not somebody who wants to help people. I do want to help people. But I'm just saying, I think we have to get brutally practical here to get something done. In the business world, you don't get to be idealistic.
That's a good way of business. All right. So speaking, which I hard-hearted Stephanie Rule and then I soft squishy Bernie. He's such a good guy.
What do you imagine is going to happen in the short long term? We've seen this crazy IPOs from Airbnb, DoorDash, et cetera. The stock market looks great. You can't tell whether it's thrilled that Trump lost or that Trump is taking credit for it.
What do you see the short term and then the long term? What are the things we want to focus on coming out of this? I am very worried about political will here. Just think about people you know, Kara, in the spring.
We're willing to lock down. We're a lot more afraid of COVID. Now the COVID numbers are worse than ever. People aren't nearly as disciplined when it comes to locking down.
True. People are looking at the stock market. They're enjoying working from home and they're basically figuring workarounds because if you are somebody who really is vulnerable, you know, you can get the Giuliani or the Trump treatment and you'll be okay. And if you're somebody who's privileged but not at risk like they are, you think you might get COVID like I did.
Get sick but not in a devastating way. And so I'm worried that we're losing some much needed political will that maybe we'll see solved come January 20th, but between now and January 20th, lives livelihoods homes, people are losing by the day. Shoplifting is going up in this country, Kara. Shoplifting for baby formula and diapers.
Right. Now Scott has returned from wherever, when he came from shoplifting, probably from package stuff. That's his other side job. Scott, we've been talking about Stephanie's illness and where the economy is going, but she hasn't gotten into the Biden administration.
Why don't you start and ask question or two since I'm carrying your water since whatever you were? Well, I'm just curious. First off, Stephanie, I mean this even more than usual. It is wonderful to see you.
Thank you. Am I obviously best you and your family and I love the work you're doing. So my question is just as you have, this is, I would assume one of the bigger health scares you and your family have faced. If it's more of an existential one, then actual threat to your health because you're all fairly young and fairly healthy and I know there's an X factor here.
But have you thought at all about how you think this will change the way that health care is delivered or that you will consume health care? If we don't walk away from this as an urgent need to address health inequity in this country, then we have no leadership. Right? I'm the luckiest girl in the world who has access to all sorts of support and I could barely get a test and I really couldn't get test results.
If we don't look at this, if we don't get to the back of this and say, why is it that the poorest people in this country got sick and died? Why don't they have access to doc? I mean, it's crazy when I walked into NYU hospital on Friday to get checked. I thought about look at all of these health care workers, that 40 people I saw cleaning the building, every doctor, every nurse and what are we doing for them?
How are we honoring health care in this country? And I'm not saying the answer is Medicare for all, but the answer on the heels of this has to be, is there a way to refocus how we look at health care in terms of people before insurance companies? And that's what we've got to do. Right?
Right? You get the COVID test and it's free, or you get the vaccine and it's free. We're not saving money, we are spending an enormous amount of money because we didn't figure out testing. Had we figured out accurate broad-rapid testing, many, many people and businesses would be back at work and there'd be more people live today because loads of people have COVID and don't know they have it because they're people like me who are kind of sick, who could kind of go to work or lots of other people convince themselves they don't have COVID because they can't afford not to go to work.
Those people are all super spreaders. My question is if MSNBC can figure out a way to disperse your studio and Rockefeller center to your cottage in New Jersey, shouldn't we be able to distribute that NYU urgent care? I don't know if it was the ER or just or just shouldn't they be able to disperse it to your home? Isn't there isn't there just a huge opportunity to get off our heels and onto our toes with health care and push it out if you will?
There is a huge opportunity, right? In theory, I didn't need to ever go to adopt like I didn't, right? My employer sent me a test at home, which I put in a FedEx and I mailed and got the results. My employer did that.
We could do it in a bigger way. We don't need to be necessary. People who aren't super set but people who have something, people who can be doing tele-doc appointments. We can be getting these things off, right?
If you would have said to me a year ago, we're going to do tele-doc appointments when my kids were sick. I'd be like, never! I knew that doctor to see my child and touch my child. No you don't.
And you can see millions more people. If you are banging it out, bang bang bang bang bang over Zoom. Well, the only thing is, you know, you talk about this, everybody suddenly realizing it. You know, I just interviewed the secretary of state of Georgia and he was like, well, I got death threats.
I'm like, you know, say, say, everyone's been getting for years. Like, now you get it. Now you get it. Do you think it actually sticks with people, you know, once they get back to their comfort land?
I think that's the best question. Right? It's like, I remember when I was in college and I spent a semester studying in Kenya before I came home, you know, writing the letters to my parents like, I don't want any more material goods. I don't want you to send me a Christmas present ever.
Nothing like all I want to do is give to the poor. That's what I'm devoting my life to. And then I came home the week before Christmas and then I Christmas Eve. I was like, hey, so what do you think you're going to get me for Christmas tomorrow?
I mean, experiencing horrific things gives us perspective. But if we are foolish enough to think, oh my God, this was a wake-up call we needed to change the way we deliver medicine, to change the way we govern. It's not. But we have to figure out a way.
We collectively have experienced COVID. How can we as a country use this perspective to come together and do some level of good? And Scott, I think you're coming from a place where you're saying from a business perspective, how can we deliver health care? Yeah, there are enormous business opportunities before us.
The question is, are people going to pick them up and run to them? The probability is that's Biden. Let's talk Biden then because he's going to be in charge. Despite legislation, he still has a lot of power.
What are you looking forward to given the selections he's made economically, et cetera? I mean, so far, Biden has chosen pretty non-controversial experts. And that's what we need, right? We need a steady group of experts and Biden himself said, I'm not going to be a radical leader.
I'm going to be your bridge president. And I think now, even more than 10 months ago, you see an enormous amount of American people say, that's what we need. We need to get back on our feet again. And one thing I do hope they really look at in their first hundred days beyond COVID, how many times have we said in the last four years, Trump is breaking norms.
This is out of protocol. They shouldn't be doing this. But technically, they were allowed to do lots and lots of things. Right.
So all the things that everybody set their hair on fire over the last four years that we said was breaking the norms and totally corrupt. And they shouldn't be doing it. The Trump, when Trump would be blowing his nose with subpoenas, figure out what that long list of things are and close all those loopholes in your first hundred days. Because guess what?
Just because Trump isn't president anymore, he may have just given every future potential autocrat the playbook for here's how you do it. Right. A lot of Trump appointees, not a lot. Some Trump appointees are still going to be in their jobs.
Right. You've got you've got a postmaster general, he's still going to be in his job. In the next three weeks, you've got the Trump administration still appointing Trump people to really important posts. If you think these guys are going away, they're not, they're staying around, they're finding ways to cash in.
And if they did it in ways that were unethical, then time to change the law. All three of us spent a lot of time away hearing people say, and we said, man, there were some really bad actors in the banking industry, like they should go to jail. None of them went to jail because technically they didn't do anything illegal. So everybody should get their outrage, no book back, say what were the things that were the most egregious, the most outrageous and change the rules so they don't happen again.
Stephanie, COVID put you on. I don't know. What do you think about that? I think I will say, I think, I think we'll go right back to comfort zone.
I think you're going, I'm going to ask what I'm getting for Christmas or America's going to ask after pretending it cares. It's going to ask everything. Bari, you're cynical at me, which is strange. I'm curious, the Game of Thrones around media companies in terms of how they intersect with politics and the change in politics, you have the Trump administration raising a quarter of a billion dollars to develop a shadow presidency.
But it's typical front or propaganda for a new score has new threats. There's some notion that once the Trump show goes away, and we have the pleasure of not thinking about the president, maybe but once but every two weeks, that a lot of networks will suffer. How do you see things shifting in the Game of Thrones that is media or political media? Then Scott, let us short term suffer and dig deep and do some homework and provide better content.
If the best we are is reality TV diving into the freak show every day. If that's the only way, we know how to get people to watch television, then maybe we don't deserve the big bucks. Maybe I don't deserve the big bucks. I don't, I'd like to think I don't get them.
But I'm saying, yes, people love to tune into car crashes, but we as a country have gotten dumber and weaker in our priorities. Let's find a way to be better, Scott. But you're a business brand. You come from the- So what are you going to cover?
The news every day. Policy. Okay, here's the first example. I'm not really covering Trump law suits in a very big way.
And somebody called me this weekend and complained about that to me. Somebody who kind of revels in the drama of it. And from my silly simple girl perspective, Donald Trump's a lame-gop president. The last two months of the Obama administration, Barack Obama could barely get a big headline.
Nobody was paying attention. They were on to the next thing. And for me, everything I made, my goal is how do I help people get better and smarter? Covering President Trump sitting on his desk, crying and whining, this isn't fair, I'm still the president, is not my priority.
And if people are thick enough that they want to mail him a check to raise money for this nonsense fight to say he won, that's their own prerogative. But as long as that's not my tax dollars, I'm moving on. My question was more around. So if you think there's a dispersion of healthcare bypassing hospitals and doctors offices going to smart cameras and handhelds, if Star Wars is moving to Disney+, and you're living rooms, if you think about really fantastic content that covers news and politics, it feels like at some point there's going to be a dispersion that it's either going to go behind a paywall.
Let me ask you a different way. If you were to pair with two fantastic journalists or news people and start a brand new company, what would that company look like? It would be Cara Scott, Stephanie. Go on.
And maybe my boyfriend, Andrew Russ Orkin, and throw a little, throw a little sports in the mix. I don't know. I think I don't know the answer to that. I think that because we deliver so much content for so many hours, we probably don't need to do that.
I think if you just delivered the smartest best things in a more concise manner, then you get more bang for your buck. If I was an advertiser, what hour is it? I mean, there's just so much out there that is not of high value. What if we offered less hours and just offered good provocative stuff?
That's a great idea. Speaking of my last questions, we got to go, Stephanie. The whole thing, Hollywood thing going on with Jason Tyler, I did a beginner with them, obviously. There's been lots of stories about him.
How do you look at this, this sort of explosion by Hollywood? What do you mean? About putting movies online? Listen, from a personal perspective, I love it.
I love being home. I love being with my family. Right. This Saturday night was the best Saturday night I've had in ages.
I watched my favorite Christmas movie, Love Actually, with my three kids. I didn't miss going to parties. I never really like actually going to the movies. I like that movie.
I like that movie. It's like, it's like, it's all about sleeping with the help. But go ahead. You say that like it's a bad thing.
Yes, man. White man, you can sleep with the help. But okay, go ahead. Come on.
Everybody's loving that. Just take it apart. I watched prom. I watched prom.
That's what I watched, which was great. What other content have you been consuming? I think this is really important. A lot of time at home.
What does Stephanie roll? What content? It's funny to say that because I'm not somebody who has watches a lot of TV just because I work in my kids. I watched Queen's Gambit, obviously, worshipped it.
I watched The Undoing, loved it, but I have to say the ending was a little bit predictable for me. I was in love with Donald Southern Lidinden. I watched industry. Have you watched industry?
No. That's it. You and I live that. We live that.
That show really hit on a lot of very, very true things for those of us who grew up in investment banking and sales and training. That show hasn't gotten a lot of attention. I think it was amazing. There was a little...
Either I missed out. So I'll tell you, when I first got into banking, the advice someone gave me was, don't ever stay out after midnight. Don't drink. Don't have sex with anybody at work.
And I obviously married somebody who I worked with. So I missed that third one. But man, that show has so much sex and drugs in it. Yeah, that was Scott's experience.
Yeah. All three of those was like, check, check, check. It's girls. It's girls meets billions.
It's really, if you're in its investment banking analyst program in the 90s, except it's in London, it's really, it's, I think it's really... I did none of this and I behaved beautifully. Let me just say. Here we go.
Here we go. Seven lives here. I'm Sultan of Subaru here. Yeah.
Right. All right. We have to go. If you weren't you, you'd be horrified by you.
Listen to me. Listen to me. Stephanie, we truly appreciate it. We want you to get better.
Do not overestimate the impact of this. Many of my friends have had it and there are repercussions from it that continue. I'm going to leave you all. Take a nap right now.
Take a nap. How much do we love Stephanie? How much do we love Stephanie? We love Stephanie?
All right, Scott. One more quick break. We'll be back for wins and fails. So we are 250 years into this American experiment and I say it's going okay.
I give us like a C plus. There is no perfect past, but there is also no exclusively negative past because humans are going to human. That's what we do. I think the story of America is the struggle of people who have not been included in the promise of America to expand those principles to include more people.
What's going to determine the next 250 years of America and how do we write a new social contract that can give us the democracy we deserve? Okay. So I'm just going to be a jerk here because I'm a historian. So we have to have a prologue explaining, you know, we the people.