Original subtitles

Start the clock.

Hello, people.

Thank you very much.

Thank you, everyone. I appreciate it.

Welcome to the show.

Hi.

Thank you. Okay.

So much to get to.

Good news and bad news for the Jews.

A peace deal in Gaza.

We have that and the hostages are home.

That is the good news.

The bad news is Bobby Kennedy says circumcision causes autism.

So I... It's a kind of a mixed bag for the Jews today. But yes,

the... How about that? Finally, peace over there. After two years, the

Palestinians are returning to Palestine, the hostages coming back to Israel, and

everyone's blown away that Trump pulled it off. I don't know why.

I mean, if there's one thing he's good at, it's sending people back where they

came from.

But, I mean, look.

We're going to talk about it on the show. I mean, I think you've got to give

credit where credit is due. I mean, a lot of people tried to pull this off. He

did. He is beloved in Israel more than any other president ever for a good

reason. He also won over the Arabs.

He's the only thing besides hummus they both like.

That's his big thing, solving wars. You know, he said he solved many of them

around the world. He's gotten involved. It's true. And he's meeting with Putin

in Hungary in a couple of weeks.

Today with Zelensky at the White House. Zelensky is asking for Tomahawk missiles

to fire at Russia. And Trump said, we'd love to, but we might need them for

Chicago.

Oh, yeah.

He's a little more popular overseas than he is here. There's a big rally

tomorrow. Are you going to go? No King's Day?

Oh, you are?

This is all the people who are upset about the obviously anti -democratic

he's doing here, and they are getting out in the streets. They're saying, we

not going to take this lying down.

Milling around? Yes, we'll do it milling around.

I was going to go, but I went into the attic to find my pussy hat and then the

moths had gotten to it.

No,

the Republicans are saying this is not no King's Day. They said this is Hate

America Day.

Yeah, liberals hate America.

That's what they think. Yeah, if you won't stop assembling freely and

freely, we're going to send our mass, unaccountable, secret police to arrest

you, as America should be.

No.

No, I mean, Trump is not like this, being called a king. He said, I am not a

king, and the next person who calls me one, they're going to find their ass in

the dungeon, let me tell you.

He denied it. He said, I am not a king.

I have no intention of becoming a king. But if some country wants to donate a

gold crown, I'm not going to say no.

King, no.

Why would you think king? Did the enemies list?

You know...

Enemies list. I remember when Nixon, you know, they accused Nixon of having an

enemies list, and he denied it. Trump reads it out loud.

I'm not kidding. He just reads it out loud.

That's a little bit of a difference.

The latest one, I mean, Comey's indicted. Letitia James is indicted. Now

Bolton, his former national security advisor, wrote a book about him. Not a

idea.

He's indicted. Trump is going after everyone that ever pissed him off. He's

an authoritarian Taylor Swift.

It's amazing.

But hey.

Here's an interesting story. Are there any young Republicans here?

Yeah.

Wow.

To be a young Republican.

Well, it's a group. I didn't know it was an official group. And boy, are they in

hot water.

They were on a group chat saying the most vile things. I mean, racist,

anti -Semitic, awful things. And now Democrats want these people fired.

Republicans even are issuing apologies.

And Stephen Miller said, they grow up so fast.

But this is where we are in America.

Caroline Levitt, she's the...

president's press spokesman. This is a very official position.

This is a quote from her. He said, Democrats' main constituency are Hamas

terrorists, illegal aliens, and violent criminals.

Okay, but we do make a killer mocha frappuccino.

Not all bad. All right, we've got a great show. Mark Cuban and Andrew Ross

Darkin are here.

But first up, oh, I've waited for this moment for so many years.

a man who conquered both politics and show business superstardom, not to

bodybuilding. He's the author of the number one best -selling book, Be

Arnold Schwarzenegger is finally here.

Arnold,

how are you?

Great to be in California.

Yes. I thought you'd be bigger.

No, I mean, you're larger than life, but you were like almost the same height. I

thought that you would have better abs.

I don't know how

you'd

know that, but all right.

But your opening monologue was fantastic.

Oh, thank you. So funny. Give him a big hand for that.

I'm here every week, you know.

But I know you're here to talk about a serious subject, and it's an interesting

subject, which there are two sides to. I think I'm on the other side of it than

you, but just basically what's going on in this country is, to give the broader

picture, Trump does everything ten times more than other people have done.

Everybody always gerrymandered.

He's taken it to a completely new level.

He's getting legislatures now to redraw districts.

This is where the politicians pick the voters when really the people should be

picking the politicians.

You reformed this in California and said we don't want that, which is the right

thing to do in sort of just the macro.

But things have changed. Would you not say if the Republicans are doing it, how

can the Democrats unilaterally disarm?

He wants Indiana now to be a state that's going to have zero Democrat

representatives.

If Texas is doing it, now California's Prop 50, Gavin Newsom wants us to undo

what you did, made it fair, and go back to this because we can't unilaterally

disarm. What is your argument now, given the new information?

Well, I think that Prop 50 is a big scam.

And the reason why I'm saying that is because it says that we should fight

because he's a threat to democracy.

But in the meantime, they want to go and tear up the Constitution in California,

get rid of the independent commission that draws the district lines and take

power away from the people and give it back to the politicians.

So how does this go, fighting democracy?

or helping democracy or fighting Trump and imitating what Texas is doing.

I mean, it doesn't make any sense to me, the whole thing. Well, it makes sense

in that the Democrats have no power now. The only power they can have is if they

win the midterm elections and take back the House. If only the Republicans get

to gerrymander, the Democrats will never take back the House.

No, no, gerrymandering is going on. It has been going on for 200 years. Not on

this level.

Look, there are states out there that have 40 % of Republicans and only have

like 20 % representation in Congress.

There's the opposite also true. So there's gerrymandering going on all

What we wanted to do in California is we wanted to be leaders.

And we wanted to show to America that California has always been a leader. It

goes in California, then it goes nationwide.

So we finally, after a long kind of a battle, we passed.

legislation, not only legislation, but I mean the people actually voted for an

independent commission.

And now we have had this independent commission and the politicians in

California have performed much better because of this kind of a fair

drawing of districts, so to speak.

And so I think that to undo all of that and to take away the power, this is a

trick that you have to understand.

The Democrats are fighting the Republicans. The Republicans are

Democrats.

But you know something?

One of them is going to win.

Yes, it's going to be the Republicans because they didn't follow your example

into the halls of nobleness. But you know who I want to win?

The people.

The people are to win.

This is what this is about.

See, I'm a Republican, but I'm not a Republican hack.

I'm not a political hack. I don't serve the party. I always serve the people.

The people are first. We cannot undo something and rip away...

the power that the people in California have and give it back to the

politicians. We fought that for too long.

Let's not do that. Let us be a good example.

Let the Democrats outperform the Republicans and therefore, because of

performance, win and get the House back.

I don't think that's very realistic.

I read your speech at the 2004 convention. I remember it very well,

talked about why I'm a Republican.

I was very moved by it at the time. I thought it was a great speech. I'm sure

you remember it well. You talked about growing up at a time when Vienna was

actually occupied, right?

That's right. Austria was still occupied.

You saw socialism firsthand.

And that's why when you came to America, you didn't know it.

parties were. You didn't know which. And you heard the Democrats speak. And then

you heard, I think, Nixon talk. And you heard the ideas of the Republican Party.

And you said, I'm a Republican.

I hear that. That's what I get that. You think that's still the party? You think

that still applies to the Republican Party? What made you want to be a

Republican where they are today?

Bill, things change.

It's very clear that it has changed.

I'm a traditional Republican.

I'm the kind of a Republican like Lincoln.

who made sure that slavery stops.

He made sure that the blacks got the right to vote.

He made sure the Republican Party then made sure that the blacks become

of the United States and get the citizenship.

All of those kind of things.

Republicans did that. Look what has happened over the years, how things have

changed. And this is how we are going through changes. But it doesn't mean we

have to give up. I'm still a traditional Republican because, remember, it was...

Nixon that created the EPA.

in Washington to make sure that we have clean air and clean water.

Republican. Ronald Reagan here created the Air Resources Board that enabled us

to reduce our greenhouse gases by 25 % and to have the million solar roofs and

to get our renewables up to 70%. And all of this kind of stuff is because of the

Air Resources Board that Ronald Reagan created. So there were great

The party has changed now. This is clear, but it doesn't mean that we have

change. We have to fight to get the party back and to get it for last. I

think

the people should know that it is important that we serve the people,

not the parties.

They make it their business to fight amongst each other. Look at this, the

popular thing in America, for instance, universal background check.

90 % of the people have a universal background check.

But it's not getting done.

I mean, think about that. Who's holding that up? The politicians.

Well, not the Democratic politicians. It doesn't matter. They have to get

together and solve those problems.

This is what negotiating is all about. I was a Republican, and I was in

Sacramento. I got together with the Democrats, and I made it very clear.

I maybe think differently than you sometimes, but you're not my enemy.

I love working with you because with the Republican brain and with the

Democratic brain together, we have the ultimate brain power and we can really

accomplish things.

But that's California.

California isn't America. California is one of those states, yes, where a

moderate Republican governor can do well because it's a very blue state.

You might say it's too blue because we have this somebody running for governor

now, Katie Porter, and we saw she had a lot of problems this week with her

image. And she was asked a question about what would you do to get the Trump

voters in this state? And I think it was very telling what her answer was, which

was basically, why are you even asking that question? Why would I care about

trying to get these deplorables on my side? I don't need them because this is,

yes, wow.

I'm paraphrasing, but that was the attitude. Because she doesn't, probably,

because the state is so blue. You're the last Republican.

You're really the last Republican from California, the last guy who got elected

in this state.

Well, you know, let me tell you something.

We're talking here about saving democracy.

What I suggest is that the way we save democracy nationwide is to really have a

proposal like, for instance, the Save Democracy Act.

It's just an idea where we go and make election day a holiday so

that everyone has time to go out and go to the election.

Again,

this is something Democrats are all for and Republicans are all against.

Here's the second point. The second point is you have to have fair

redistricting, to have independent redistricting commission.

in each state all over the United States.

Yeah. Except they won't do it. A voter

ID. So that when you go and vote, people should know that you are that person.

These are all things that they have back in Europe.

So I come from Europe, I just said yes, not that I created this idea. Those are

things that are happening in Europe and have happened for centuries.

So this is why I think that it is important that we do the same thing

think if we take those three things, there's something that the Republicans

like, there's something that the Democrats like.

Get together and solve this problem. It's the same. It's no different than

talking about energy or anything like that, where Democrats and Republicans

get together. You give something to the Republicans, you create more nuclear

power. You give something to the Democrats, create more renewable power.

of a sudden, we have 80 % of energy, of clean energy in America. This is the way

we have to do it. We have to go talk to each other rather than hating each

other. Talk to each other because that's what the people want, and that's what

the people need.

Okay.

Last question, I'll let you go, but I have to ask you because you also

the world of show business in a big way. What do you think about what's going on

in movies? I mean, I hear people just fretting so much about it because, oh,

one's going to the theater anymore, for example.

You know, we can watch it in our house.

You know what? Good.

I like watching it in my house.

I mean, they're trying to make me feel terrible about it, like, oh, the

experience of being in a theater and hearing somebody else laugh. I don't

fuck if this guy's laughing.

I... Oh, my goodness,

the guy in row 32B loves it.

And streaming. I mean, what is your take on the movie industry right now as a

big movie? I think that the movie business is doing really well.

I think that California is kind of out of the game because we don't have the

incentive that other states have and that other countries have.

But the bottom line is I think there's some really good movies. Whenever a good

movie comes out like Avatar is going to come out again around Christmas time, I

guarantee you they're going to make over a billion dollars again and everyone is

going to go and run to the theater. Why?

Because it's a good movie.

Jim Cameron makes great movies. So if a movie is not that good, why would you be

excited to go and pay for the parking, pay for your drink, pay for the popcorn,

pay for the tickets, and then they sit in the theater and look at some shit,

right? We don't want to do that.

We don't want to look at shit.

Thank you so much for coming.

I'm not Schwarzenegger. I'm the biggest fan, you know.

All right.

Governor Schwarzenegger. Thank you.

Let's meet our panel.

Hey, guys. All right.

Here's Coenker on CSNBC's Squawk Box and founder of the New York Times Dealbook,

whose new book is 1929, Inside the Greatest Crash in Wall Street History

It Shattered a Nation. We are going to get to it tonight. Andrew R. Sorkin is

here.

And we'll know this guy. He's a minority owner.

Minority now? Oh, no.

What happened?

Now the mighty have fallen of the NBA's Dallas Mavericks and co -founder of Cost

Plus Drugs, Mark Cuban.

Okay.

All right.

Let's talk about the Middle East first. We are confronted here with a dilemma, I

feel like. There is President Trump, the overseas hero, who does make... Good

deals overseas, it looks like. Not just this place, but a couple other ones.

And then domestically, the threatener of democracy.

My first question is just, can we separate these two?

Because they are two different things, and some people do not want to.

I'm a separator usually, like I can recognize that R. Kelly should not have

sex with little boys or little girls.

But Ignition is still a great jam.

play it tonight if I feel like it. But what's your first answer on that? Can we

separate them and just give them... Hold two ideas in your head at the same

time. Thank you. There you go. Absolutely.

You can give this president a standing ovation for getting to this point and

give him the Nobel Peace Prize, right?

I think you can look at this and say, this is a very good situation.

It's something that has not happened for the last two years. We've been waiting

for this moment. And then we're going to have to see. But why?

It's the Nobel Peace Prize, not the Nobel Democracy Prize.

Well, the question is, do we have real peace? And I think the jury is going to

be out on that. We'll see where we get.

But give him credit. You can not like this president at all. No one's going to

be good at everything, right? And if he's good at getting deals done

give him credit for it. If he's not so good domestically, give him shit for it.

From my memory and history, The only thing that compares to this is when

solved the Cold War, ended the Cold War, which I always said was, you know,

Reagan did play his part in ending the Cold War. But I think the Soviet Union

was going to collapse anyway, of its own way, right?

This, I'm not so sure, isn't an actually greater achievement, if at last, and if

we have, but it looks like they're transforming the whole Middle East. So

not going to hide my, yes, we certainly have had our differences.

And even after the dinner, he's still bitching at me.

So for those people who thought... It's okay to give credit where credit is.

It's okay. It's okay. And I am not going to hide my admiration for somebody who

did this differently than anybody else did and said, without apology, I'm with

Israel. You know what? There's only one country in this whole equation, and this

is where America, I think, fell down in the past. We tried to be even, Steve,

and it wasn't. There's only one country that's a democracy.

There's only one country that prizes life over the...

sort of cult of death.

It's only one country where you'd actually want to live, quite frankly, if

were living in the Middle East. So let's throw our lot in with them. A country

that actually shares our values.

I mean, you start with the Abraham Accord, right? Slowly but surely, they

developed the relationships, worked together with each of the countries,

Jared over to get the job done, and they deserve credit.

Why not give credit where credit is due? I mean, if this thing holds, I don't

know if he deserves the Nobel Peace Prize. And that becomes the question.

will say, should he get the Nobel Peace Prize if it actually works?

And that, given what you just said about the domestic peace, if you will, that's

still going to be in question. But I agree 100%. You know, I actually looked

who votes on the Nobel Peace Prize. And it's a bunch of academics.

It's not the type of people. It's bullshit, like the Emmys. Well, but

it's a bunch.

It may be bullshit, but if it's academics that are voting, there's no

academics are going to vote for Donald Trump. Period. End of story.

But what I think he should get credit for especially is just changing the way

approached this. They did it the same for administration after administration,

tried the same thing, and it didn't work, and they kept doing it. And now

sound like these three real estate guys over there. Well, that's the thing. They

look at Witkoff, and they look at Jared Kushner, and they think, what are they

doing? And yet they make it work.

So why is that? And what does that say about experts and expertise? I'll tell

you why.

Because, first of all, the Trump doctrine, which was basically, we don't

anybody.

You know what?

Cutting off the head of that journalist, not cool, but, you know, everybody's

got their thing.

And, you know, Biden didn't talk to Saudi Arabia for a year after that.

not talking to you. And then he had to.

He had to go over there because it's Saudi Arabia, because they have the oil,

and they're the counterweight to Iran, and we had to talk to them. Trump

play that game. And he said, look, we've always put Palestine itself at the

center of this. And we're going to, Palestine, which is never, let's be

an actual country.

Okay, he said, we're going to make deals with the actual countries.

There's some actual countries there.

like Saudi Arabia, and like Bahrain, and like Morocco, and all the other

countries, United Arab Emirates. We're going to deal with them. And you know

what? They were waiting for someone to do that. Because the Arabs, more than

anybody, knew this was bullshit.

They could have made Palestine its own country from 1948 to 1967 when they had

it, and they didn't. So they know who's bullshitting more than anybody.

It's amazing.

The Jews like him, and the Arabs like him. That's quite a hat trip.

Why not?

Have you noticed that now that Hamas has taken over again, they're what?

Shooting everybody.

Shooting everybody.

Where are the protesters?

Suddenly the, you know, the keffiyeh -wearing college kids are very quiet.

Yeah, can't be found anywhere.

This is okay?

It's just amazing the asymmetry of what goes on.

Because of all the sympathy. Look.

You can, again, this is the two ideas in your head at the same time that for

some reason most people don't seem to want to participate in, which is you can

look at Hamas and say that's a terrible terrorist organization and hate them,

which you should, and at the same time have some sympathy for the Palestinian

people. I can do that. And by the way, I'm an American Jew who thinks that

Israel needs to be supported in all this.

I don't understand why we as a country can't have that conversation and just

it like it is.

Yeah. The other thing is... Personal relationships.

It just showed.

I know the world is run by giant bureaucracies, but every, no matter how

bureaucracy is, there's always somebody at the head of it. It's personal

relationships and how people, just one person deals with another person. And

human element, it reminds me of your book, quite frankly, because it's all

Wall Street. It's numbers and it's all this important, but really - It's about

people. It's about people and the nature of people and the nature of whether

they're going to panic and what makes them panic.

And, I mean, according to your book, and I believe you're right, that has not

changed from 1929.

I got a little scared reading your book.

Well, look, I think there's reasons to be a little scared reading the book. I'm

not here to panic people.

I wrote this book about 1929 because I wanted to write a story about the

like the actual people on the ground so we could actually understand who they

were, what they were saying, what their incentives were, what their motivations

were. And I think you're right. You realize that all these economic systems,

structures, politics, policy is a story about people and the decisions they

make. And it's about people like Jared Kushner could have been in that book, if

you will, meaning going off and trying to make a deal.

And it was about the personal relationship that led to that deal, not

Put 1929 and what's happening in the Middle East all in one pocket. But the

broader story is it's the story about human beings, and the relationships

ultimately matter to almost everything that ultimately happened.

And I know you don't want to cause the panic, but I've got to say, you know,

you're like the guy on a car.

Are you sure that this is not going to be a little bit of a self -fulfilling

prophecy? I swear to you, as I was writing this book, I thought I was

history book. Now, the problem is, the truth was, as I was writing the book, I

was seeing things in the headlines.

I'd be talking about things on TV, writing about things in the paper, and

go, oh, my, that's exactly like that.

You know, 1930 comes around.

Smoot -Hawley tariffs are taking place.

Hoover decides he needs to do this because he pledged to the farmers who

vote for him that he needed their vote, and now he says he wants to. And every

economist in America back then was screaming from the rooftop saying,

don't do this, please don't do this.

Fast forward, what, just a couple months ago, same story. Every economist is

signing full -page ads in the New York Times saying, President Trump, please

don't do this, please don't do this, and here we are. But also the technology

aspect of it. You know, that was what really got me.

This economy seems to now be more and more propped up by AI, as was in the

electricity.

AI was radio.

Everybody was excited about radio and telecommunications, and RCA was like the

NVIDIA of...

Of 1929, everybody wanted in on the action, and they were all running to the

brokers to make their bet and to gamble on it, and they thought this was the

future. On margin, just like today? And they were doing it on margin. Well,

you're a guy who certainly made your fortune betting on the new technology 25

years ago.

And today? What do you think of AI? I think it's overrated. No, I think it's

underrated. Underrated, as I say.

But, but.

Where we are today is just a smidgen of where it's going to be. We're still in

the first preseason game in the first inning. And what we see with chat GPT

large language models and AI girlfriends, that's just the here and

not where we're going to end up. And I think it's going to make us a lot worse.

You're going to end up with AI wives. What are you going to end up with?

I'm not saying no.

Put a robot in there and anything is possible.

What's really the challenge, and it goes back to 1929, you've got five companies

effectively trying to find out if this is a winner -take -all AI market, right,

or is there going to be one, two, three, four, five winners.

If it's winner -take -all, they're going to keep on spending money, and you can

end up in five, ten years with those data centers just being hollowed out and

not being used at all. And that would create a calamity.

Speak against my book for a second.

There's one thing that we need to remember, which is to some degree, and I

always preaching caution, but speculation built America.

It's true. When you think about all of the great technological revolutions that

are taking place, whether it was technology in that period or in the dot

boom or AI now, there was somebody who had to speculate on it.

Right. When the first investors in Elon Musk's Tesla, when that seemed like a

completely absurd idea, they were speculating on it. And so we need to

out a way to both have some semblance of speculation in the system, but to do it

with guardrails and to do it in a way that's responsible.

And that is a hard needle to thread because humanity. The stock market is

speculation. The stock market is not the top companies.

They're not the ones that actually make the most money. Sometimes the top ones

aren't making any money. Oh, no, of course. It's seven companies driving the

entire market. It's just what they think they're going to do. And we learned a

good lesson from crypto, right? The question is, who's on the other side of

trade, right? What happened with Sam Bankman Freed, they were loaning out

and loaning out crypto, but nobody was taking the risk. Everybody was just

kicking the can down the road.

That's what I think happened way back when, right? And that's the risk now.

you're starting to see, and you can speak better of this than I can, with

commercial. real estate. We don't even know how much commercial real estate

loans are just being kicked down the road and just being renewed, renewed,

renewed without ever hope of being paid. Let me tell you why I think AI is

overrated. I just mean overrated as something that's going to be good for

economy. One, it's just going to put everybody out of work.

That cannot be good for the economy when it can do just about everybody's job.

And also there's this idea that it's going to make us more efficient. I think

already passed that. I don't think the economy can... Can Amazon really get

efficient? Can an Amazon warehouse... But Amazon can be replaced.

What? Amazon can be replaced. Replaced? Amazon?

Without question, yes. With what? Just like RCA. RCA was the dominant company.

Well, how do you replace Amazon?

By finding different ways to deliver product. By finding different...

Amazon just destroys small businesses.

Anybody can walk in right now and be from China and not have to register

company in the United States of America. That is going to backfire on Amazon.

All my Shark Tank companies hate working with Amazon. You still need a truck or

something to bring the crunchy to your house. Right, but it's knowing what to

buy, knowing what to sell, the pricing, the logistics.

Amazon has market dominance right now. I think AI gives smaller companies a

chance to compete with it. Oh, I see.

Okay. Look, in the end, I think, and you were talking about commercial real

estate and everything else, the thing that I worry about that creates a true

crisis every single time is leverage in the system. Too much debt. When you have

too much debt in the system, that is the light that, that's the match that

lights the fire.

Every single time.

And what we don't know today is where all the leverage is anymore.

So it used to be that we understood that credit was in the banks. Banks were the

ones who were loaning out money. That's not where people get a loan anymore.

They get it from all of these other places, the shadow banking system. And

have no idea what that looks like. And that's the part actually that makes me

nervous. I'm very excited about AI. I think actually AI is going to change our

world. But I am also with you, which is to say that if AI is as successful as I

think we all want it to be.

To some degree, it has to make us so much more productive. What does

productivity mean? That's a euphemism oftentimes, I think, for taking costs

and jobs. I have to cover all the stories. That's what we do here. The

in the news. I don't know if you... What?

I have to tell you, this is true.

I don't know if you heard, but I think it was just this year that we got a

new... The Vatican dropped a new Pope.

An American.

Real name Bob, stripper name Leo.

And he was speaking with journalists at a Vatican conference this

week, and I didn't know this was on his radar, but he's very concerned with

clickbait. He said communication must be freed from the misguided thinking that

corrupts it and the degrading practice of so -called clickbait.

Popes used to care about masturbation, and now they're...

Clickbait is what this guy... And I didn't realize there's a whole genre

Catholic clickbait. Would you like to see it?

Catholic.

Catholic clickbait.

For example, remember baby Jesus? You won't believe what he looks like now.

This penance hack will get you in and out of a confessional in seconds.

We asked five mother superiors the best classroom object to hit a child with and

they all said the same thing.

The eight masturbation work around your priest doesn't want you to know.

Would you believe this started out as water? Find out how.

You won't believe what this guy did next.

This friar took a vow of silence until he heard Taylor Swift's song about

Travis Kelsey's dick.

The best month for celebrating Christmas.

Well, that should be obvious.

became the world's most famous carpenter without making a single piece of

furniture. Can you guess his name?

Can you guess which one of these apostles is a snitch? Play our game.

Let me ask you a broader, both of you economic geniuses, a broader economic

question. Well, economic and political, because it seems to me that there are

two pillars that this country is founded on. One is democracy, and one is

capitalism, free markets.

And it seems like one party wants to get rid of one, and the other party wants

to get rid of the other.

Right? The Republicans are not that... Democracy is just not number one on

list. It just isn't.

It isn't. It's behind Christianity and a few other things.

And the Democrats, I mean, I read these 74 % are for democratic

socialism. Only 16 % favor capitalism.

Is this going to be a country that I don't recognize in five to ten years if

don't have these two pillars?

I mean, where are the Democrats going with this?

If Mondami is the face of the Democrats on the East Coast and Katie Porter is

the face on the West Coast, I don't know if that's great politically for that

party. It could be quite fun. No. I mean, there is a challenge, right? Kids

don't like capitalism.

And I think a lot of it has to do with social media, the clickbait, right?

Rage bait works better in social media and gets more people's attention.

Mondami is out there saying, you're getting free housing, you're getting

transportation, you're getting cheaper groceries.

I mean, of course, that's what they need, particularly in New York, and

what they're going to respond positively to.

Is there any way that can work?

No. No, of course not. No!

Look, we have a financial... We have a financial...

literacy problem in America.

But the financial literacy problem in America is affecting the politics in

America, which is that if you don't understand that if you actually decide

you think rent stabilization is going to somehow increase the supply of

apartments and homes in the country, you've got it completely backwards.

what happens is...

The developers say, well, if they're going to stabilize the rent in this

we don't really want to be developing in this town, in which case there's not

going to be enough supply, in which case it's going to cost more to rent your

apartment. That's just the way it is. And unless people understand that, when

politician stands up and says, excuse me, I'm over here, and I'm very happy to

give you rent stabilization and the free groceries and this and that, and then

it doesn't happen.

I think people are going to be in for a surprise.

But at the same time, I think Mondami's great for the Democratic Party. You do?

And I'll tell you why. Okay. Because nobody... Okay, ready? Are you ready?

ready. I'm ready. Because nobody in the Democratic Party knows how to sell but

him. Nobody in the Democratic Party knows how to use social media but him.

They will learn from him. Now, New York may be fucked for four years, right?

But they will learn from him.

But seriously, right? Who in the Democratic Party knows how to sell,

to convey a message, knows how to commit to people? Yeah, it depends what the

message is, though.

Look, we've been living through it. No, but just know how to sell anyway.

You know, if you gave a Democrat a dollar bill and told him to sell it for

cents, they wouldn't be able to do it. Sure. Donald Trump is a fabulous

communicator. He is.

Right? He is. Look where it's gotten him, right? You've got to learn from

Yes, but I think you disagree with his message, and that's my point. No, of

course I do. So the fact that this guy is a fabulous messenger.

If you don't have the message.

I'm not saying it's good for the city, but what I'm saying is he's a little

Donald Trump.

You know, he's trying.

Yeah, for sure. Always in a suit. He could be anywhere. Bernie Sanders rolls

his sleeves, wants to connect.

Mondami's always in a suit. He's telling you what you want to hear. He has a

social media team that designs the message, and it comes across geared

Gen Z, geared towards even younger people, and they're accepting it. That's

of the reasons people want, young kids want socialism, because of his ability

sell, just like Donald Trump won because of his ability to sell. I'm not going

to compare. say you're wrong because I don't know because I would not have

guessed the Trump 10 years ago would be where he is. I was watching this the

Katie Porter thing. Do we have any footage of Katie Porter this week having

meltdown? Show that because I have a question I would like to ask about that.

I feel like this isn't necessarily argumentative. I don't want to keep

this. I'm going to call it.

Thank you.

And the state could lose You're out of my fucking shot!

I remember having Katie Porter on this show, and we did not get along. I don't

like her, and I found out nobody likes her.

And I think you see why.

But that doesn't mean this isn't effective. I mean, when it came out, the

wave of stories where she's toast.

I don't know. First of all, I got to ask, what was that person doing in the

shot?

I mean, that's not how I would talk to my staff.

No. But that is what I would be thinking is, what are you doing in my fucking

shop?

In this world, in this new age we're in, I'm not so sure this... Because you

think it looks like it's a truth -telling situation.

You go, oh, there's a real person. And it looks like, I think it, like, Trump

reflects the frustration that people have and the anger that they sometimes

have. This reflects, I think, the, you know what?

Nobody's doing their goddamn job.

And I've had it up to here, and I'm not going to fake it anymore.

People don't like faking anything.

This is a new age of politics. I think she's auditioning for Horrible Bosses 3.

I agree.

I don't know that it conveys any votes.

I'm going to throw here in the following way.

We're all trying to comport ourselves into a way where we look like we're a

certain thing.

And when people see that, they go, there's something that feels real about

Because I'm sure you've been in interviews where you've been like, F

person. Oh, of course. I can't believe they're asking me these questions. I

to get out of the chair. Hey, I'm sitting right here.

If her employees didn't say she was awful, you would be right. Because no

goes to work and wants to be shit on. And when you see a boss be shitting on

their employees, I don't think it works for them. That's not a good sign. I just

think it's an angry country full of assholes. And, you know, it's like, hey,

of us. One of us. But I got to ask about... I'll

probably see you tomorrow at the No Kings thing, but...

I mean, what is going on? Caroline Leavitt, as I mentioned in the

this is the president's spokesperson.

This is not just somebody at the end of the bar.

This is not just somebody ranting on social media.

The Democratic Party's main consensus is made up of Hamas terrorists, illegal

aliens, and violent... criminals.

I mean, I see where the seed of all this comes from. Hamas terrorists, yes,

idiot college students, youthful idiots who've been out there and were out there

demonstrating for the wrong people. Okay.

Illegal aliens, yes.

Biden had a terrible border policy. Violent criminals, yes, did too much of

that. But the Democratic Party's main constituency, and this is what the no

kings thing is about, if people are wondering, is that it looks to me Like,

either they really believe this, which is insane, or they are just always

looking for a pretext to say, to let the other side take over this country is

just unthinkable. I mean, if you really believe this, I would vote for a right

-wing coup if I really thought half the country was Hamas terrorists, illegal

aliens, and violent criminals.

What do we do about that? They're not taking the Governor Schwarzenegger

approach to trying to bring people together.

I think

they're signaling to all right -wing media. That's what

they do really well. The top creates the rage bait, and then all the right -wing

podcasters and all the right -wing news sources, they go and get in alignment

with the same thing.

That's what they're really good at, you know, rage farming.

But it looks to me like they are looking for a pretext always.

The sending the troops to Portland and Chicago and now this thing that's going

on tomorrow. I think they're rooting for violence because when violence happens,

then it gives you the pretext to then send in more troops. And they've already

shown they're already shown that they will.

absolutely not concede elections.

Trump still has not publicly conceded the 2020 election.

So, like, when you have this, if this is really the state of the country, I can

see we have to cancel the next election.

There's just too much unrest.

We'll get back to elections, but we have to... Once we get things safe. Once we

get things safe. This is what this looks like. Or at least they have earned the

suspicion. Oh.

And I imagine you think six months before the next election, There will be,

know, a blue ribbon panel that will be announced to look into, you know,

election integrity as they delay the election for 12 months.

Blue ribbon panel?

Oh, it'll be chaired by Pam Bondi.

I

don't think

this crowd is big on blue ribbon panels.

Blue ribbon bake -offs, maybe.

But the through line on all of these things is one thing. It's leverage.

And I'm not talking about leverage. We were talking about 1929. I'm talking

about leverage over other people. That's what all of this is about, right?

Whether you're standing in the National Guard, that's about leverage. Whether

you're going after the law firms or going after the universities, that's

leverage. Whether you're going after certain countries with tariffs, that's

about leverage. That is what, that's the single piece of the whole thing. No one

knows how to use leverage better than Donald Trump.

What it's about is hanging on to power by making it a case that it is an

existential necessity for our side to hold on to power because this other side

is, I mean, they... Don't you want safer streets?

Right? I mean, that's the whole pitch.

Safer streets, one thing.

But they actually are saying that there's a whole left -wing organized

movement. And it's not organized.

And it's not as bad as it was in the early 70s with the Weathermen bombings.

It's not even like 2020 with the George Floyd riots. But if you

make that case that this country is off the hinges, then somebody's got to step

in. All right, I've got to step out. Thank you, guys. Time for New York.

Okay.

Neural, now that Rite Aid has officially closed all its locations, they have to

tell us what's going to happen to each store's one employee.

Because I kind of liked her.

Not just the lack of eye contact, but also the sneering disdain for having to

her job of having to wait on you.

You know what, on second thought, bring on the robots.

I was wrong about that.

No, the people complaining about bio -baiting, which is where people on

apps purposely oversell themselves and accentuate their good qualities, have to

tell us, as opposed to doing what?

Who is going to tell you the worst about themselves?

Late sleeper whose lacks on hygiene enjoys noisy dinners and short walks

anywhere but the beach.

And don't get me started on the herpes.

No, Foster Farms, who just recalled millions of pounds of their frozen corn

because they contained extraneous material.

Have to tell us, what's extraneous material in a corn dog?

Actual meat?

Hey, stay in your lane, corn dogs. You have one job and one job only, to create

unfortunate photos of presidential candidates.

People now complaining that Bad Bunny shouldn't headline the Super Bowl

show because he speaks Spanish have to admit that when Kendrick Lamar

you had no idea what the fuck he was saying either.

Newell, someone needs to explain what the point is of leaving a review of an

airport.

Look, LadyPosh98 says the food court doesn't have enough vegan options. I

we won't fly to see grandma ever again.

Well, airports aren't supposed to meet your needs. They're purgatories with a

penned express.

You don't go because they're good. You go because that's where the plane is.

New Rule, if you think your job is just to tell people what they want to hear,

you're not a journalist.

You're a wedding DJ.

For years, I've complained about the media only telling half the story, lying

omission when they leave out the part that doesn't feed their narrative.

A couple of weeks ago, Fox News and the New York Post committed the clearest

example of this I've ever seen.

when they described my editorial of September 26, where I called for a grand

bargain between the far left and the far right, but completely left out the far

right part.

The post headline was, Bill Maher calls for a return to old America, tells left

to scale back radical ideology, smug self -righteousness, all of which is

I said that, and I stand by it. But I thought...

Shouldn't you have also put the other half of what I said in your headline?

Well, I guess you'll get to it in the article.

But you didn't do that either, you fucking liars.

the right like disappearing people now, but I'm not going to let you disappear

my point.

And this is what happens after every show. And not just on Fox News and not

on the right.

Ironically, because the blue sky crowd hates me for calling them out on, yes,

their voluminous bullshit.

They also will sometimes just print my critique of the left because they want

people to think I'm a conservative. You are fucking liars too.

Here's a test.

Let's see who reports what I'm saying now.

No.

No.

No, they won't because it's just so easy not to. If a truth falls in the

algorithm, does it make a sound?

The Fox News New York Post piece even went so far as to giddily recount all

places I carved up the woke.

and then have the balls to write, wrapping up his monologue, Marr warned

liberals that if they keep pushing radical progressive policies, those in

may never give that power back.

Yeah, I said that, and I believe that. But that's not how I wrapped up my

monologue. Look, I have it here.

I have it.

That sentence...

Came here, top of page two. What about this part?

The part that starts with, which brings me to my friends on the right.

What happened to that part?

Here, let me read a chunk to you.

To my friends on the right, I say, an authoritarian police state is not going

work for you either.

Do you know what a drag it is to actually have to run a police state?

half the population is seething while all the time you know down deep.

that they're right about America becoming something it never was and

should be.

What happened to that part?

I don't want a retraction from you. I want an addition.

Leaving that part out would be like reviewing the movie Jaws and saying, it

with three men who go fishing but don't catch anything.

Now, I know why you do this, short answer, because you're cowards. Because

know if you print the part that challenges your audience, you will get

tweets and texts, not to mention dirty looks at the Lee Greenwood concert.

But, you know, there is a new spirit taking hold in the media, and I think in

the country itself, a spirit of, let's cut the bullshit on both sides, shall

And I'm proud this show has been a part of fostering that. Why don't you jump on

the bandwagon? Because the model you're working now isn't making you or your

readers look good. If you need every story in your feed to be my team wins,

here's why my side is the good one, you're weak and deliberately keeping

yourself ignorant. And yes, that goes for both sides.

Conservatives, I thought you were the strong people who laughed at safe

But you can't even read what I really said unless mommy promises you it has a

happy ending.

Guys, we may not be heading for a happy ending. And one reason is you keeping

people in their information ghettos, which fosters hate and division and

you nothing more than a human algorithm.

And algorithms are as much as anything what keeps this country so fucked up. I

can't tell you exactly how they work because I'm not a virgin.

And I'm not a Bond villain who's on the spectrum.

I know it's an evil gremlin that lives inside our phones and that it knows what

you watch, what you like, what you click, what you buy, what you jerk off

what you comment on.

It knows all that and then it owns you.

If you like it and love it, it gives you more of it. And so you become a very

boring, intellectually stunted, predictable person.

The good news is I have a way to break out of this.

No, not by throwing your phone away. No one would do that.

But there's a better way.

Fuck with the algorithm.

Fuck with it.

Stop.

Yeah. Stop letting it pigeonhole you. It's so easy. Just click on something

normally wouldn't.

If you're a liberal, search for Morgan Wallen tickets.

Order a set of shot glasses that looks like a rifle.

Ask Google how to reattach a finger after a bottle rocket accident.

And if you're a conservative, go to a site that recaps the latest episode of

RuPaul's Drag Race.

Order a black lady church hat on Amazon.

the Ruth Bader Ginsburg Halloween costume.

And soon enough, your algorithm will start treating you like a more well

-rounded, open -minded person, and who knows, then maybe you'll actually become

one. All right. Thank you very much, ladies and gentlemen. That's our show.

I want to thank Andrew R. Sorkin, Mark Cuban, and Arnold Schwarzenegger. Club

Random drops every Monday on YouTube. It's awesome this year.

Listen whenever you get your podcasts.

Don't go watch Overtime on YouTube. Thank you.