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Hire the right pro today. Hi, everyone. This is Pivot from the Vox Media Podcast Network. This is Kara Swisher.
And this is Scott Galloway. Scott, did you watch the Oscars? You know, I didn't. Well, I started it.
I've turned into one of these millennials. I watched the four-minute recaps, and then I liked it. I watched the six-minute recap. And I heard that they actually hit a low point where it took them 19 minutes to do three awards.
It was slow. I didn't watch it. I don't watch it in pieces, too. I did have a really nice moment, though.
I was flying last night. I was flying on Sunday nights. And I watched. I downloaded the movie Parasite onto my phone.
I can't download it onto my computer, because Apple has Monopoly, but it's made really using on my phones. I said, I'll buy more high margin product. But anyways, it's a totally different talk show. And I finished that show.
And I thought that the ultimate white guy flick, 1917, was going to win. Motion pictures have come under warranted criticism that it's essentially, it's always about white redemption. The British and the Americans beating the Germans, I think, is somehow the ultimate white on white redemption. Yes, indeed.
And it's also telling the same story in a new way. Let's talk about the amazing story of Judy Garland, Jesus Christ. I would buy that film just to take it home and erase it. And then I watched Parasite, and that movie ended, and I thought that movie deserves Best Picture.
I got off the plane, and I got to see an alert. I'll tell you the motion picture of Academy or whatever they call themselves. Huge brand move last night. I thought so, too.
I watched the night before of all things. I hadn't watched it. It seems scary, like, get out. I didn't really...
I like get out, but I didn't like the feeling I had after it. And so I watched it. We watched it the night before, and I got to tell you, blown away by that movie. Blown away.
And then when it was great, and the guy who... I'm going to pronounce his name, but he gave his speech in Korean. We have such a classy speech. Everyone else, I was like, literally, if you possibly are going to want to count more, you should have a speech prepared, you idiots.
Everyone had kind of collodish speeches, essentially, including Walking Phoenix and Renee Zellwing, or I just wasn't impressed by their speeches. But he had a beautiful, funny speech, and he actually paid tribute to all the white guy directors. Yeah, that's fantastic. And Quentin Tarantino is sitting there.
And so, that's a hell of a move. And you're right, it was a brand move. Talk about the brand move, part of it. Because I was like, this is the first international film to win Best Picture in 92 years.
It's also won Best International Film at one Best Screenplay. Talk about the brand play, because I agree. I thought, well, finally, they're moving into the future, essentially. This was just...
I mean, I don't want to say it was cooked, but it couldn't have been any smarter in terms of... When you think about a brand, you think about it, you go through, I was asked the kids. When I said, the kids are students to go through and do an audit. Find two or three people that are close to them and ask to say, okay, what are my strengths?
Give me two or three strengths. Give me two or three weaknesses. And then the first thing you need to do is assess whether any of those weaknesses are getting the way of your life. You're too emotional, or you struggle with anger, you struggle with substances, or you're painfully shy.
You know, what are the things getting the way of your professional advancement? And they're never going to be assets for you, but the key is to dial them down or create some sort of behavior modification such that you can get back to sea level, and they don't get in the way of things. Yeah. And the Motion Picture, or the Academy, Motion Picture in Sciences, or whatever it's called, it had really gotten to a point where they had become a vehicle for white people giving other white people awards.
And there's huge economic implications, because the movie that wins Best Picture gets another 30 to 150 years. And it was if they had almost gotten to the point where there was nothing they could do about it, because it goes back to this notion that loyalty is a function of intimacy and contact. And all of these people have contact with each other, and they relate to their own stories. They relate to, I mean, I didn't even see the movie, the Green Mile, or whatever it was called, the Green Mile.
But I saw it. I knew it was. I mean, they typecast. They typecast a black guy as a genius, and being an incredible moral character.
You know, they created an unattainable bar for any black person. And then there's some Joey Bagadon, it's white guy that's politically correct, it's almost an asshole. And by the end of the movie, he finds reasons to overcome his innate racism. I mean, you just know that's what the movie is, and that's how Hollywood sees themselves.
And so it's about why redemption, it's always about dudes. And it's gotten to a point where they're in such an echo chamber that they couldn't bust out. And this was, this was, and the other thing about movies, it's no storytelling that someone at the iconic word said that it just really struck me as that. They're real objective, the way they make themselves bigger themselves is they're arguably the most effective tool in the history of mankind to create more empathy.
And that is, you have an opportunity to create storytelling in visuals, to go somewhere and be somewhere else, and be someone else, really understand what it's like to walk in their shoes. And I'll tell you, I love the fact that it was actually the best movie, by the way. Incoming equality, the way it did make rich. It made rich people a bit cartoonish, but it didn't make them evil.
It didn't make them like the bad guys. Yeah. Well, let's have a one point. At one point with the flood, you're like, oh, God, geez.
That was rough. But I'm saying, they were kind of spatuous is what they were, not evil, but just like out. They were in their bubble of comfort. And the house was perfect in that regard, and that was all on the sound stage, which is amazing.
What I thought was really interesting about this movie was the visuals, which you don't even realize of movement from upstairs to downstairs, and then further downstairs, and the poor people fighting against each other. You know what I mean? That you punch down. You don't punch up.
Get out of the downstairs. Right, exactly. And it just keeps going down. And one of the things, besides that being so brilliant in that regard, and I think get out had that element to it, was that it was global when they won.
I thought this exactly when they won, which was like, oh, a global film world, like finally. You know what I mean? This is a global movie. And while the others are quite, and I think all movies are global in a different way, but this was a truly global movie.
Parasite. Parasite. See it. We give it two thumbs up.
We're going to move to a different topic. Speaking of income inequality, the jobs report, it was better than expected. 225,000 jobs in January. The unemployment rate ticked up slightly.
But a lot of jobs were up. Hospitality and construction. Manufacturing were down because of trade disputes and Boeing, warehousing and transportation jobs were up. But still, the rate of how much people make still didn't rise.
It still remains this economy where there's lots of jobs, and at the same time, wages are not going up in any significant way. So any thoughts about this? It was a good job report, but I still think underneath it is this theme that Bernie Sanders and others are talking about, which is wage growth is lackluster. Yeah, it demonstrates in our society, and that is you can find a job which can make a living.
Yes, exactly. And I forget if it's Indonesia or Malaysia, there's almost full employment. Unfortunately, it's driving rich people around or cleaning their clothes. So we have work.
We have lots of work. We're always starting to the wrong tester. We look at the unemployment rate as if it's some sign of prosperity. You're absolutely right.
It's wage growth. It's the life you lead given that you're working all the time. It's the life you lead given that you don't get to spend as much time with your family. It's the life you lead when you have to make the trade off of not being around your kid as much as you should be when you're in this formative years.
And the life you lead in America when you decide to work has gotten substantially less. Nice. So the quality of life has gone down for everyone, but the top 10% whose quality of life is outpaced any reasonable metric. And we come up with a bunch of, we talk about unemployment.
First off, the unemployment number and the jobs number will be revised 12 times in the next 12 months. This is like a starting point. They'll announce them. We're revising it, et cetera.
And then the thing we don't talk about is the mother of all butts here is give me a trillion dollar credit card care. And I'll give you some sort of a losing prosperity that's much greater than this with low unemployment and with a trillion dollars in deficit spending. It should be champagne and cocaine for anybody who gets up at 9am. I mean, it's just nuts.
And so the idea that this isn't any way somewhat of a positive indicator. And then I would see monopoly power and everything. Look at the sectors. They're growing health care and education.
And health care and education are probably the least concentrated businesses in the United States. And then the industry's shedding jobs, manufacturing, and retail. And who makes more stuff and makes more money as a monopoly? These guys, right?
Where I watched Parasite last night. And then, oh, and who's the biggest? What about, let's talk about retail? We're almost every one and two dollar market conversation.
Now goes to one player who's, by the way, going to the Oscars. Has he not talked to the dog? The key to happiness, the algorithm for happiness is to be rich and anonymous. But it just needs to be, he is not good when he's off his chain.
He's not good. He likes dressing up and going. He likes where he went to, I'm sure he went to all the parties and stuff like that. Yeah.
Yeah. Well, for him. But anyway, he was there. His head count rose.
The head count there rose a lot, quite a bit. Second largest employer in the nation now. Right. So what does that mean from a tech?
I mean, these are these good jobs. These don't seem to be good jobs or they'll say they're good jobs, but many people do not believe them to be good jobs. Well, they're hiring, though. They're hiring at headquarters.
They're fantastic jobs. Too much time talking about the negatives. But on an employment standpoint, they're fantastic. I would argue on the whole, they're a very strong employer.
I mean, there's a lot of stories that criticism, they've fallen under a third of their warehouse workers in Arizona, around food stamps and stuff like that. And they take advantage of government subsidies. But that's nothing that Walmart or other people are doing. Yeah.
They put in place minimum wage, recognizing they have more capital and they can drive target and Walmart out of business if they start raising wages. And the jobs at headquarters are fantastic jobs. They're great careers for people. It's a intense culture, but I think that's good for young people right out of school.
But the jobs number, or they're now the second largest employer, and it's hard to believe that we are again at record low on its 3.5%. It ticked up at 3.6%. The most encouraging thing in the number was that it ticked up. I don't plan to be ticked up despite the fact that we added a lot of jobs, which says that people are being drawn back into the workforce.
Right. And our labor participation rate is going on, which I think is a good thing. I think work is... It makes people happier.
That's right. That's 100%. The two things that really drive your happiness is how you feel about your work and how you feel about your work. Let me just get back to our previous discussion.
Parasite. That was all about work and not enough work. And how do you find work and the things you do to work? Correct.
That's right. Okay. Let's talk about Uber's earnings all this week. Scott, I knew you had some things to say about it.
Okay. Uber is now in full yoga babble. And I've started this thing called the Yoga Babble Index where I do a word cloud and then look at ridiculous words. Let me just redo something from the Uber.
Everyone was excited. The growth was up. They were only losing a billion dollars in the stock. Moved up 10% in what has become a total Kabuki dance called a public company earnings call, which are staged.
Broadway productions where they pre-pick the analysts to ask softball questions. This is verbatim from the call. We're making proactive changes to achieve significant cost leverage for both rides and needs. We're focused operating playbook, including improved machine learning outcomes and further automation and targeting of incentive and online marketing spend.
Stronger tracking and focus for our online marketing campaigns. The reduction of defect rates and improved self-service tools to improve customers. What does any of that mean? What does any of that mean?
They're like the Rudy Giuliani of the Information Age. Let's just overwhelm them with ridiculous words this way, x-way, and then line up some softball. Let's always make fun of those earnings calls because the analysts are terrible. I used to do a live vlog of Yahoo earnings.
I always make fun of the earnings. And by the way, this is courtesy of my buddy Richard Kramer who's a genius at a rut. Nothing fresh in that analyst or do softball questions. But he did say if you want to cut to it, he expects to be profitable.
What do you think about that projection? By this time, next year, he expects to be profitable. Well, it will be profitable based on made-up metrics. They'll come up with their own metrics.
They'll say, yes, we were profitable if you look at everything but our costs. Right now, they're already reporting something called segment adjusted EBITDA, which is what I refer to as fraud explaining. Let's take out the cost and then invent our own profit number. On a gap basis, I will drive an Uber for a day, which I wasn't a big deal.
I was talking about doing that. I'm kind of interesting. I'll make a bet. Not that our costs are sold.
He wants to make a bet with me. On a gap basis, there's no way this company is profitable. All right. So I'm going to ask you one final question.
This time next year, it's been the first year as a public company. Dar obviously took over a very tough business. This time next year, where will it be? So this is who we should have on the show, and that is we should have Mark Mahaney, who's the best internet analyst.
My bias against Uber clouds my thinking here because Mark Mahaney, you know, there's certain people when they speak. You immediately question your viewpoint. Jeff Rissant, for me, Mark Mahaney, you're a little bit that way, not much, a little bit. But Mark Mahaney, he likes this company.
He's got a long call on it. He is very good. So we should bring him on. But speaking of calls and predictions, let's revisit.
We're not going to revisit. What did I say about Casper? What did the dog say about his dog bed? You said it would take longer after the lock-ups were off.
You didn't say within days. Well, hold on. Price at 17 to 19. They reprised at 12.
So they could have a pop. It opened at 10.71 today. It's already crashing. We said our prediction was it would be single digits by March 1.
It's going to be single digits probably the end of the day. This thing is a blue apron of 2020. Good prediction. Do you think Uber gets the profitability?
No, I think you're correct. I'm on your side, not Mark Mahaney. I think it's a trouble business. I think it's, unless prices go up, prices have to go up.
And then it's a gross problem. I think if prices go up, sure. Why not? Speaking about work, I wanted to do a behind-the-scenes talking out of school segment called Scott and Vox.
Okay. Oh, no. It's going to make everyone very uncomfortable. All right.
We've got a few minutes. We have a guest coming up. Okay. Okay.
Okay. So it's clear you and I. It's clear pivot are now the tallest midget. And we are literally the star of NBC, must see Thursday, Vox or whatever it is we do here.
Right? It's like everyone is calling me and being really nice to me. I'm having dinner tomorrow night with the CEO. Yes.
I understand that. Yeah. And Bangkok who seems like the nicest man in the world. Yeah.
So it's obvious you're the Michael Jordan here. And I'm a Scotty Pippin. I'm like, okay, make sure Scotty is happy every once in a while. Just check in with Scott.
Who is Scotty Pippin? Oh my God. Really? I'm Scotty Pippin.
No. No. No. He was like the number two.
He was one of the most amazing basketball players in history except he had the misfortune of playing on the Chicago Bulls when Michael Jordan was playing. You know, it's kind of Michael Jordan in the seven doors. Right? So no one remembers Scotty.
Anyways, I'm Scotty Pippin. So last week, and by the way, people about New York. What are you getting to hear? Where are we going with this situation?
Bring it home. When you got angry at me with the Shell Sandberg thing, you sent me a text message at 11.30 p.m. and you were very angry. We called it Deep Land Cool and it really hurt my feelings because I'm this terrible combination of offensive, yet insensitive, which is just the worst type of person in the world.
I offend others, yet I find reason. This is a complex. So you got me really upset and it got me thinking outside of the house. I'm an extrovert and I send like there's no tomorrow and I'm very aggressive and very, very much pursue conflict.
When I'm at home, I like harmony. And in my home, my son has just finished the fifth grade, which I describe in academic terms. She gets real. They decide to start giving kids season D's.
And my wife loses her shit. She goes after my 12-year-old. This is unacceptable. No more electronics.
You're not playing basketball. And the dog leaves the room. It gets so uncomfortable and ugly. And I want to leave the room.
I want to go into the fetal position. I do not like it. Where are we landing this particular plane? Where are we going here?
So he goes into his room. He goes into his room. And my role is to go in there and make a plan with him. And then with my boys, I adjust their back.
I rub their ears and I do geography questions and quizzes to relax. And they go to sleep. The next morning they wake up. Everything's fine.
The scar tissue heals over. The muscle that's damaged goes back stronger. And I'm going to get the heart broken and get the first death. And I'm not going to freak out.
But it is really painful for me. It was really painful for me when you sent that message. So banked off keeps saying, what can I do for you? So I have figured it out.
When you sent me me text messages, I want to bang off to come over. Correct my back. You're not asked for what the capital of Iceland is. Oh my God, really?
I'm not going to send you more texts. Good God. It's wrecking of a care. It's wrecking of a...
All right. You know what, Scott. I will not send you me text anymore. But it wasn't me at all.
But whatever. I've heard my feelings. I'm always up on the text, Scott. You understand?
Did I? No, I did not. No, thanks. Yeah, that'd be good.
Let's take arguments to the winner. That would make sense. I'm going to only send you nice things from now on text. How about that?
I thought you showed me the story. But during the work day, let me just tell you who are. It is gloves off. Work day, you were going to get mean text.
That's it? That's it. All right. Yeah, I'm sorry I made you upset, I suppose.
Anyway, Scott, we're going to take a quick break. Go on. When we get back, speaking of lovely people who are going to massage your ears, friend of Pivot, Andrew Ross Sorkin is here. And we're going to talk about a bunch of things around the stock market, and you're going to get back.
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OK, we're back, and we have friends of Pivot Live, and we brought our friend Andrew Ross Sorkin here. He's on the line. He's obviously the New York Times columnist and Squawk Box host, and we're going to talk about a couple things. He's also, I don't know if you know this, Andrew, but Scott has a man crush on you.
So I'd say he knows it. We had dinner. We had dinner. It's mutual.
Come on. That's right. It's real. That's right.
His wife is lovely. Yes. And Andrew's actually quite as is yours. We had a ball together.
Yeah, Andrew's actually a neurotic mess, which I didn't know. That's what I figured out. He's actually, it's all a front. It is still a front.
Here's what I want to know. Why wasn't I invited to this dinner? Finally, we're going to do it. Finally, we're going to do it next week.
You and me. That's right. Fair point. All right.
Listen to me. Listen to me. We're going to talk things now that you've had your moment together and I'm so glad we brought you together. We're going to talk Instagram.
Scott, a few weeks ago, you said that Facebook would become the next trillion-dollar company off the back of the Instagram e-commerce. Andrew, we want to talk a little bit about these trillion-dollar companies. And since that Instagram has made some other big moves including the start of a prototype program that will allow IGTV creators to monetize content by showing ads in their videos. So how big is this for Instagram and e-commerce and the platform?
And generally, are you expecting big things out of this model on Instagram or expecting a bust? Well, I know you want us to disagree, but I don't even disagree. But the only thing I disagree about is I actually think it's going to be bigger than that. I think that long-term Instagram has the opportunity to become the ultimate super app insofar as it not as being a straight e-commerce play where people are, you know, seeing a pair of jeans or a dress or whatever and buying that.
I think it's going to launch media. You just talked about the media component, but I think it could very well be that you launch Netflix shows off of it. You launch Hulu shows off of it. I think podcasts may get launched off of it.
I can even see financial products getting launched off of it. I kind of think it's one of those places where we may end up living our lives for better or worse. And basically doing everything. I think we're very close to that, actually.
Super app. I love this idea. Scott, that's actually one of your thoughts. That's actually a chill.
It's a chilling thought because I hadn't thought of this before, but Mark Zuckerberg is not afraid to make. I think there's a chill that's coming out. I'm curious when Andrew thinks here. I think there's a chill or a paw that's been cast over the big four and they're not as inquisitive or as aggressive as they might be because they're worried about raising red flags for the DOJ or the media.
But I don't think Mark Zuckerberg cares. I think it's a honey badger. I think Mark Zuckerberg just don't give a shit. And I could see him.
I hadn't even thought about the whole movie or media angle. I wonder if Instagram could acquire a Spotify. Andrew, have you thought about who they might acquire to get some momentum around kind of a Netflix-like internet? Well, so I think there's two opportunities here.
One is for them to acquire other businesses, like a Spotify or get into the music space, get into all of these different spaces. The other thing they could very well do, though, is just create effectively such a great interface that it doesn't matter who it is, that it's all sort of integrated in, that they effectively create partnerships. They decide that Lyft is their favorite, or that Uber is their favorite, or that Netflix is their favorite, or Hulu, or whatever it is. And then you see us as consumers sort of living inside this app and jumping around.
I mean, look, you're already saying, we just talk about jeans and dresses. What about food? I mean, one of the great things on Instagram is beautiful images of food. I think you'll start buying all the food through that.
Maybe then you go off to restaurants. I just think the opportunity for how, you know, you could be getting a reservation on an open table through Instagram. Their ads are getting so predictive. It feels like someone could just start telling you, okay, trust us.
Click here. Yeah, my son has bought a bunch of stuff off of there. And it's interesting that he doesn't buy other places. So in terms of getting into areas they haven't gotten into, like, competing with Amazon, what happens if the Facebook app then?
That's always known as the big blue app. And that's what sort of has, they've always said this is what spurs everything is a big blue app. But it's becoming less relevant or this replaces it or what? I think it replaces it.
I'm not, look, but maybe I'm not a core Facebook user anymore. I'm on it. I check it out. I go over there.
I, for better or worse, I don't know if you guys do this. I, when I post the Instagram picture, I also post the Facebook. I kind of feel like I'm cheating by doing it that way. But I, that's, I don't know, generation, maybe it's a generational thing.
And by the way, it may be where it will be that one generation lives on Facebook core and one generation lives off of Instagram. So what company? I'm sorry. What company?
You're obviously bullish on Facebook and Instagram. What company did you talk about a lot of? We talk a lot about on CNBC. What company do you, are you most skeptical on right now?
Which of the big guys do we talk about? Are you, are you least bullish on? Of the, of the things? Of anyone.
Just name a company. You think these guys are going to struggle? I think snaps going to struggle. But I don't think that's like the hardest.
I don't think that's the only conventional. Because it, because of Instagram. Because Instagram. Because Instagram because, because Instagram killed them.
I mean, I think Instagram. What about Pinterest? It's the same thing. Same game.
Yeah. In the same place. Look, I like Ben. I want all these guys to see.
I think it's going to be very, very challenging. Again, to me, parts of Pinterest. And I imagine we'll show up inside some versions. So what about news?
Because Facebook's always struggled with a couple of things. Commerce. Because Amazon is in there. And media.
Because Amazon is in there. Also, Apple's in there. Google's gotten into media. And so Facebook hasn't really been in the media space as much.
And then obviously, news itself. When I think. They have a nail news. So is this a way to do it?
And we're all trying to figure out how to do it. I can't fow them for the life of me. Why they can't figure out some kind of Twitter-like copycat thing that lives inside Instagram on some kind of other tab. Because I actually think if there was a Twitter-like functionality inside Instagram, we'd all be in there.
100%. I can't figure it out either. When you say living in there, explain that for the people that you do. When I say living, I think to open my Instagram account in the morning, I wouldn't leave.
I think I would just be locked in there. I think I'd be flipping around between the news feed if they had it. And they could productize it right. And I'd be living inside the sort of traditional feed of images.
I am like you guys. I hit the ads. I think those ads. I don't know how they do it.
Those images. I look at them. I want that. And I click on it.
And I can see that much more contextually in the long term so that they're actually productizing my own image. I see. So what about Twitter? What happens to Twitter in this?
Because that was something Twitter was going to do in terms of getting you to do things or watch things or move you to things. Well, you tell me, do we think that long term Twitter can do? No. If you think one of them has to ape the other, right?
But I think that for better or worse, Twitter. Look, I live on Twitter. I love Twitter. But I think it's all of us talking to each other.
It's this whole journalistic crowd and political and some others. I don't know what that audience is ever the same size as Insta. So the real question is, why can't Insta try to ape Twitter? Well, does Twitter get bought?
I mean, Scott, it's got to explain your theory of people taking over Twitter this year. Yeah. So I don't even, I think Twitter, so had a long position in Twitter actually sold last Thursday after it pops. But I think Twitter has gotten a $30 billion market cap and that's after a 30% run up.
So it was $24 billion that the opportunity, there aren't that many of these things. There's like three or maybe five kind of quote unquote social media platforms you haven't had one starts in 2011. I think a Salesforce or a Disney or someone goes the opportunity to have influence among journalists, actors, politicians. I mean, they do reach a very influential crowd is worth $30 billion.
I think there's a. I've always thought that, but then you look at what Bob Iger said. When he looked at it, he said, I don't want to get him. I want to get him in the mess of all this kind of stuff.
What about a salesforce? I don't know. They've looked at it. I mean, then he looked at LinkedIn.
Yeah, but he looked at Twitter. Right. And I think he looked at Twitter as well and more, but he was looking more because he wanted the content for the AI and everything else. I mean, I don't know.
The other thing is just making Delra game and just President Trump or Frank, it doesn't matter who's in, who's in office. Can any of the big guys buy Twitter? Right. Right.
Right. Well, you know, interesting. And I've got a lot of calls from head to people about Twitter. What do I think?
Do they think it could be bought? You know, it's interesting just lately and maybe that's something that just happens every, you know, it's like a blue moon kind of thing, but it's always sort of thought of that way, but it's never thought of that they can actually productize these things you're talking about themselves. No one ever. People think more that Snapchat keeps innovating its way out of trouble, but they don't think the same of Twitter.
Yeah, I don't know what Twitter could do. It's a very good question. But then I mean, look, Google looked at it. Does it just change the landscape for Google?
If you somehow merged up Twitter or YouTube? Is that, you know, advanced your calls? I don't know. But Instagram is where you think the thing is going to be where it's at and all with it.
To me, that's where it's at. Because that's where I find my focus. That's where I see kids are all focused at older people. I mean, it seems like across the board they are just, you know, running the table.
Listen to me, we're almost done, but I want you need to kick us off with win and a fail. Do you have an early win this week or something from last time? I have one more question. Go ahead.
So to me, business television seems like it's dying. It seems like someone in an oxygen tank buying or selling Amazon that wants to see one of your millions of women in a short-sleeve dress, although I think you'd be much more interesting than a short-sleeve dress. What, where does business television go? I think it's dying.
I love seeing them see I watch you. I think it's dying. What is it? What needs to happen here?
What business television question mark your turn? The ratings would go up if I wore a short-sleeve dress. That's for sure. You know?
Yes. I'm not going to agree with the business news argument there because I'll tell you what. There's this crazy community of people who are dying hard. No, they're dying hard.
They're dying. Sorry. You can make that argument. I think that if you look at what CBC is doing, for example, on air and then on digital, I think that there's a core.
Look, to me, great content is always about having a core audience, and I think there genuinely is a core audience. If you go and talk to the CEOs of not just the Fortune 500, but even the guys in the valley and elsewhere, they may not be watching it all live, but they're watching the clips. They want to be on it. They want to talk to the audience and investors.
It's part of this ecosystem. I can't tell you. When I'm doing squawk in the morning, how many phone calls I get or emails during the show live from people on the West Coast, big-name CEOs, you know, who say, sorry, I can't believe you just said that. What's going on with this?
Well, there are answer words and fanboys, correct. That's the difference. No, it is sort of the business talk. It is in the backdrop.
It's playing everywhere. Look, the question, to me, is a little bit more like ESPN, which is long-term from a cable perspective. Will people, you know, are you going to have to create like an ESPN plus like service? Do people then pay for that?
How much do they pay for that? If you believe Caris Vees are going to come down long-term, how does that all work itself out? That to me is a real sort of question, but I think that there still is this core group that I think loves it and will pay a lot for them. I am with Andy on Instagram.
I'm with Andy on Instagram. Okay. We didn't fail. He's right.
What's your win and fail, Andrew? Innovated Scott. Okay. We didn't fail for the week.
What are you talking about here? Win and fail. What hit you? When we said win and fail?
I don't think people know the real Andrew Ross. I don't think they know the real Andrew. Win and fail, Andrew. Don't listen to him.
Well, okay. So the win, I didn't interview with Marcelo Chloria. Chloria, I should say. The first real TV interview he's done since all the crazy commotion, and he sits in.
So I thought it was a win because I thought he opened up about the relationship with Adam Newman and said that they actually don't talk that much anymore, even though I think that's not what Adam Newman would like him to have said, because I think Adam Newman desperately wants to still work. That's sort of what Marcelo was at the scene of the crime the whole time. So it's sort of like Bill Girly crashing Travis Kalanek. You know, now we are so much better, but they were there the end.
100%. But I actually thought he was humble about it. In terms of saying, look, we totally screwed this up. Sorry.
I can watch that. You invested. We work at 8 billion. I'm sorry.
I interrupt. Would you invest in? We work at 8 billion valuation? It's tough.
It's tough. By the way, close to 15 billion in with debt. So that's what I said to him and said, how do you make money? How do you become money good?
He thinks that they're going to get there. It's going to be a rough road. And that's a big loss from me was the swag show, which I love doing. Makes you go to sleep so early, so I didn't get to watch the Oscars last night.
That's what it was. Oh, we hate to hear that. ParaSight. You're welcome.
Have you seen ParaSight? No, not a new fail. I'm still on the floor. Don't watch.
Right now it's about some equality. So watch it. I know it. Thank you so much.
This was totally insightful and you made a lot of good content. Let me just say it's a very sort of ongoing sort of insightful dish. Anish, a little bit. Super abstract.
It was the interview. Thank you. Thank you, Tanner. Bye.
OK, Scott. He's brilliant. No, it's my turn for Wednesday. I get to follow Andrew up.
Yes, go ahead. Thanks for that. OK, so my win is a motion picture, or whatever we're calling it. I thought that they pulled off one of the great brand moves.
I think they've turned the corner, if you will. I thought that parasite was such a unique opportunity in the season. So my fail is a continued shit show, ass clown management at the Democratic National Committee. And a guy named Rajeev Misra, the guy running the Vision Fund, deserves to be fired more than anyone in the world right now.
I love that. I was thinking about Jean-Rometty when the chairman sits down and says we're making, we're going in a different direction as the lead directory sits her down. And I wonder if she said, well, you know what? The dog walking app is on its way.
I mean, that guy gets to keep his job. The head of Vision Fund gets to keep his job. Anyway, that person deserves to be fired more than anyone in the world with the exception of his name, Tom Perez, the head of the DNC. And I don't know if you saw Jim Carvel's rant that weekend.
That guy's a fucking genius. He's like, it's about political power. It's about power. And I'm moral imperative.
Is this other person in here? Do you know that? It's not to bring fucking Bernie. Why is Bernie Sanders on the, this is what Tom Perez, or whoever actually has a pair who shows up after Tom Perez, is justifiably escorted from whatever building the DNC occupies right now, we should have debates that say, OK, are you a Democrat?