Dueling Presidential interviews, SpaceX’s big catch, Robotaxis, Uber buying Expedia?, Nuclear NIMBY

free BG's channeling Tim Walls over there I know wow he's as exciting as Tim Walls got your flannel on do you know what Adventure capitalist is freeberg oh he's Shilling super gut well as of last week when jcal decided to turn all in into a commercial I was actually gonna do a super gut background we're launching super gut Nationwide in Target this week any Target in the United States you can go into and pick up super gut you can buy the glp1 booster you can buy the Prebiotic Shake I have that actually is that the chocolate or do you have the chocolate I mean I like this one chocolate Okay mocha is good too all right let's get start thanks for the support J I appreciate of course of course of course we're cutting all this out no way this is why I do this next time plug a company I have a steak in let your winners [Music] ride David and instead we open sources to the fans and they've just gone crazy with it love you Queen also Allin election Night Live stream is coming November 5th you can watch live saaks will be hosting do we're doing it you're hosting it your team said you're doing it and so you'll either get to see are you not go to marago sex well if things continue to look good for Trump I I might go to Mar Lago I might yeah you're May let's not commit sex you're maybe if you go to Mar you're excus I can live for beaz I'll go to Maro that would be fun yeah if it looks good I'll go so that's um of course I'm invited I talk to Jared things look as good as they do right now then I think I'm gonna have to go to Mar think we should all be in Maro it's going to be a unique experience oh my God can you imagine being in Mara Lago and he loses oh my God that's why I unless s is in the bag it's got to be too big to rig if it's too big to rig I'm going to Mar Lo too big to rig do you guys think poly Market is like why do you think it's different from the polls are we talking about this today poly Market's showing like 6040 or 6535 now right yeah because they're measuring different things I've explained this before poly Market is people betting on the outcome so 58% think Trump's going to win whereas the polls in a particular State show the percentage of how each person's going to vote so if for sure you knew the election was 5149 the betting markets would swing to 100 let me ask you this so Nate Silver's model which takes the poll from each state and builds a a kind of a a Monte Carlo of you know super pole like a super model for the whole country why is his estimate 5050 right now while the poly Market is betting at 6040 it's possible he's laggy in his estimates got it on the betting markets the betting markets seem to uh go based on momentum so it like it indicates the swing and momentum and then the do things are G how do you think they're gonna change after the interviews the last couple days Trump on blumberg and kamla on Fox do you think those are gonna change anything I don't think so I think it's all baked in now well Trump over the past few weeks seems to have had Aur owing to the fact that kamla's interviews generally don't go well so I think she started off a little behind started doing interviews to catch up and now she's a lot behind I don't think the BR bear interview is going to help her well let me ask you this I so my my observation as I don't know I'm not like a super political person or um whatever a party oriented person I looked at the uh a lot of the media on both sides and it seems like everyone on the left says KLA did an amazing job on Fox she defended herself she showed her skills and her competency and then everyone on the right's like she embarrassed herself she fell apart and then the same thing happened with the Trump interview on Bloomberg people are like on the left they say look at how he couldn't handle the interviewer and he fell apart and all his lies were exposed and everyone on right like look at him you got a standing ovation it's almost like everyone's just kind of like self asserting their their beliefs that they already hold when they judge these people on these interview shows at this point is it is it already baked at this point like is anyone actually going to change their view based on these interviews happening well the question is what appeals to that small sliver of Independence yeah the question I would ask back to you is if the Brett Bear interview was going so well for KLA why was her staff on the side lines waving to try and end the interview that apparently they had like four people you waving and trying to cut the interview who said who said that was the case he did said it so yeah it was like in Rocky four when Apollo Creed's corner is like yelling throw in the damn throw in the damn tow they couldn't wait to get off the stage after 26 minutes I just think that if it was going thatly allegedly yeah I don't think BR bear is going to lie about that I don't know why he would lie about that why would why would they get her off the stage after 26 minutes it was going so great I'm not saying it went as horrible as some of the partisans on the other side are saying but I don't think it went that great do you give her any credit for going into the lion Den like she did well I I think that she went she did the interview precisely to get the talking point that she does adversarial interviews because that talking point was hurting them and so you saw like all of her fans and the media were saying well see she can walk into the lion's den but again she did the shortest interview possible I don't think she answered the questions directly I think she filibustered a lot she deflected a lot uh I don't think she was particularly persuasive I don't think she convinced anybody so I think that what you saw there was somebody who just wanted to get it over with as quickly as possible to check the box on okay does adversarial interviews Trump on the other hand he he actually likes doing these things the Bloomberg there's no filibustering there right well no he's Chris Buster come on all anot he can do do the weave he can do the anecdotes but yeah he's also very good at coming back on the interviewer when they get adversarial and the audience was with him they gave him a standing ovation he went for 64 minutes compared to her 26 I just think there's no comparison I think Trump is someone who relishes walking into the lion's den and doing those interviews I think Harris did it because she felt like she had what do you think Jam you see it or no you have any opinion I watched the whole interview it was clear in in the interview he mentioned the fact that he was being waved off and then he said it after the fact as well that's not alleged I think that that did happen I would say two things I thought that she was composed and she maintained her cool so I think from a stylistic perspective I thought that she did well from a substance perspective it was pretty lacking because if you actually listened to the answers there there was just a ton of non answers and they were to very basic questions that I think a lot of people even if you're not a swing voter I think would probably want to know the answer to meaning did she have any regrets about what's happened in the last three and a half years did she have any regrets about what she's done on the border has she not noticed that Biden was wavering before he was hot swwa I think that you could have predicted that these questions were going to come so I think I was surprised that there wasn't a crisp answer that they had practiced for that the second thing I'll say is then David is right everybody then gets very tribal in how they interpret it I think I saw one tweet from Elon about how all of the newspapers characterized her interview with Brett beay as quote unquote testy and it was sort of like that was the way that the mainstream media framed it I suspect if somebody looked at how Trump's interview with Bloomberg was analyzed it probably had some similar verbage that was repeated there as well so I think you are right Jason that the mainstream media can't be trusted to tell the truth I would just encourage people to watch it I think like I said stylistically I think she did well and remain composed substantively I think it was non-existent yeah it would have been nice to have another debate between these two she still really explain how she's different than Joe Biden other than the fact that he's a white male and she's a woman of color so beyond the sort of The Superficial differences she can't explain on a policy level what she would do differently she's had so many opportunities to say that they asked her on The View they asked her on Stephen Co bear Brett Bear asked her in his way and she still can't explain what she would do differently and I think that is the fundamental problem she has in her campaign is voters still don't know who she is or what she would do yeah what did you think of uh JD van saying he wouldn't uh have certified the election they seem to be going after him on that over and over again sex you're the only person talking about that no no literally every interview they've been chasing him down the hall asking him I'm not the only person I may have started it but what do you think of him saying he wouldn't have CER that is kind of like when he's in a combative reporting moment that is the question he gets a lot that's not that's not the interview I saw I saw him the interview he just did with Martha Raditz was she was saying that Trump was the question I asked you sax was I asked you Saks about fix you're the only one who's fixated no no journal what do you think no one who is persuadable who doesn't have TDS cares about that topic anymore what do you think freeberg about him saying he wouldn't certify January 6 concern it's not it's not what they're asking JD if you want to talk about interviews that JD Vance has done talk about the one that's actually going viral right now and that was the interview he did with Martha Raditz where she starts saying that you know we've only had a few of these apartment buildings taken over by Foreign gangs and he's like do you realize what you're saying you know there's no comeback from that he destroyed her it was very compelling what he did it and every interview he does is like that yeah I mean she was basically saying that she spoke to what was it the city manager and she's like he said only a handful of buildings have been taken over and JD Vance was like what do you mean like only a handful of buildings like isn't that anything more than zero like too much or anything more than one is obviously a problem like it was just such an obvious rebuttal to the the narrative that they're kind of overexaggerating a particular issue I have no data on this but he was very compelling in that uh response I thought it was pretty strong but I will say like generally neither candidate seems to be introducing a new message or seems to be introducing new content they're just kind of standing up you know kind of repeating things that they've said showing that they can handle and manage different kind of combative reporting tactics and that's kind of what's going on and everyone seems to have made up their mind I don't I see a lot of people on both sides say again this side this person did great my person did great against this combative reporter and the other person did poorly against their combative reporter and everyone's kind of biased in their view I it just feels like this election's baked and we should just go to the polls and be done yeah what you think free though but there there's no October surprise coming out right saak Chim J three weeks yeah can happen but there hasn't been anything right like that's kind of the shocking moment yet this month but freeberg the question I was going to ask you is since you're not like hosting Trump you know fundraisers Do you think what did you think when JD Vance said he didn't think that Trump lost the 2020 election does that concern you at all um there's no there's no way to answer this um with with the kind of clean framing I think you're looking for what what I saw from JD is that he wants the reporter and the people that he's talking to and I hear this from him yeah to zoom out out a little bit and recognize that there are significant control and uh control systems and biases that he believes and others believe are strongly affecting the election process and as a result the election outcome and I think that that message isn't uh is lost because people want him to say Trump lost the election you're not admitting it you're bad but those people also aren't hearing the point that he's making which is that there are biases and we heard these biases by the way with Democrats in Prior elections as well where they highlighted that they belied that there were biases with respect to misinformation being Amplified on social media and then the next election cycle they were able to step in and influence what was being changed on those social media platforms and so there's this big kind of War media war going on through social media platforms and I think that that's what both sides are highlighting is their big concern and now there's this other big concern about is there appropriate voter verification that the people who are voting and it's it's a it's a question to ask that shouldn't be dismissed it is a good question to ask great as a as a person who doesn't have a like a a strong bias for a political party here I feel like I want to hear answers to those questions like you know what is the structure of how the the way that most people are getting their media today which is through social media platforms what is the mechanism for censorship what is the mechanism for filtering for moderation and be public and about it and then separately what are the mechanisms foring who gets to vote and how they get to vot I think those are both good things to ask I would just like to take a step back and say that that was one of the most incredible answers I've ever heard freeberg unfortunately it may not land for the reductive masses but it was exceptionally powerful and thoughtful thank you yeah I'm here for Chim I'm here for you well I and the I mean independent of who wins we need to get this uh rules of Elections really tight starting next year I think make it a Federal holiday require people to have ID that doesn't seem like such a big deal I don't know saxs what else should happen federal holiday right now you've got Biden's doj is literally suing the state of Virginia which is required by Virginia law to clean the voter roles of illegal immigrants and they've been doing that and Biden doj has Sue to stop that in California like you said we now have a new law signed by Gavin Nome to make it illegal to ask for voter ID so Democrats seem to be undermining the Integrity of Elections not fortifying it so when you ask you know why do Republicans distrust elections maybe it has something to do with the way that Democrats are acting but I agree with you I think that cleaning up the voter roles having a minimum standard for voter verific is something that I think should be done according to the Constitution the states basically run their own elections but it doesn't make sense to me that in a onep Party Machine politics state where basically one party controls the state that they could set up a system that effectively entrenches their power forever in federal elections it just seems to me that the federal government has a compelling interest that must be constitutional in ensuring a minimum standard of honesty in federal elections so I think it would be great to do something about this next year I think that if you want people to stop questioning elections or engaging in election denial you need to make the elections above reproach so let's do that so anyway Heritage Foundation uh which is obviously right leaning has a bunch of election fraud cases they've been documenting and they basically cannot come up with like um actual evidence that is changing any election results but we should make it a br reproach I agree all right our boy Elon had a a big week Tesla inil two new Concepts at its we robot event and Elon Elon caught a 23 story rocket the Starship here's the robo taxi and the robo bus both of them look really awesome and uh he caught one of the I think this is the fifth Starship or the fourth launch fifth off the fth right look at this unbelievable it's like Chopsticks catching isues are with Elon and his politics just to appreciate and we can talk about why this is so important in this segment but technically the achievement of this like Skyscraper falling out of the sky and perfectly aligning itself to go into that Chopstick catching device it is an absolute Marvel of human Ingenuity I mean just and the work and the effort that people put into this over you know several decades it's just such an incredible feat look at this thing I don't know if you guys were as emotionally moved by this as I was I thought it was incredible was incredible I think I probably watched this a hundred times totally from every angle every angle and so the reason this is so important is because these things cost a lot of money and when they land here you can clean them up and I guess his goal is to have them take off again after he fills them with propellant an hour later freeberg so on a science basis this is extraordinary what uh you know if this works and you start more specific you don't want it to have feet a it's heavy and then B you have to lift them up in a way that just complicates the entire refueling and cycle time process so by catching it you put it right back into place and just go again unbelievable unbeliev you just catch it and go again I can kind of walk through these numbers so obviously the big objective over time is how cheap can you get it to put material into space we need a lot of material to go into space if we're going to do things in space particularly if we're going to go build a colony on Mars and so this shows you over time the cost per kilogram which is the key metric in this industry to launch material into low earth orbit and you can see here how SpaceX has dramatically reduced the cost I remember when the small sat era began in the 2010 you guys remember all these startups that were starting to build like little small STS and put them up to do imaging and coms and stuff when this took off it was about 10,000 bucks a kilogram to put a small set into space or to put material into space and then SpaceX has dropped the cost to the point that it's now close to $1,000 a kilogram so a 10x reduction in cost in just the last decade or so and that's why SpaceX just dominates the the launch market but elon's always said that $1,000 dollar a kilogram is too high but his objective has been to get the cost down to 10 bucks a kilogram because at 10 bucks a kilogram you could launch what some people estimate is needed to get to Mars which is about half a million tons of material and people to set up a colony on Mars and it actually becomes feasible to get you know half a million tons of material at at 10 bucks a kilogram so if you look at this new starship and Starship heavy booster it's about 150 200 ton payload the booster holds you know 3,400 tons of propellant and uh the cost of that propellant is pretty low you know it's uh it's only about a million dollars in fuel so then if you can get the cost of the booster and the Starship down enough and you can reuse it enough and you amortize the cost of making that device over the the lifetime of of the device the cost per launch comes down and that's what brings the cost per kilogram down so the booster there's a group called payload and they do estimates on this so I won't speak out of turn in terms of like having inside knowledge but the payload has estimated that Starship and the booster cost about 90 million bucks today and they think that they have a path to getting it down to 35 million so if you can reuse that thing 10 times that's a $35 million cost per launch plus a million for fuel you could easily see and this thing can launch 200 tons that's how you start to get to 10 bucks a kilogram over the next couple of years but it was critical to be able to reuse that heavy booster and that's why Elon just demonstrated it's we can actually catch that heavy booster refuel it and launch it an hour later and if you can do that over and over again you're spending 10 bucks a kilogram to put material into space you can get fuel into space and then get those Starships to fly off to Mars and deliver all this material including setting up a base that would allow you to actually make more fuel on Mars because everything we need to make fuel is on Mars so it's the beginning of the next series of really important Milestones that'll hopefully get Humanity onto Mars it was just so amazing to see it come together the economics are legit I mean this is like a THX reduction in cost it's incredible yeah it's going to be amazing and they're going to do some I guess new stuff with Starling some even lower Earth orbit satellites that go even faster and have less latency so that's going to be super exciting starlink apparently I mean I know everyone here is a sh shareholder in SpaceX but starlinks running at 4 million Subs right now that's like 100 bucks a month 4 million subs and if you do the math I mean how many people have isps that are slower than starlink right how many people have cell phone providers that they're paying roughly the same amount that aren't as good as starlink if we can get satellite to phone and you can get starlink more broadly available this could be 100 million subscriber business I mean this could be absolutely one of biggest businesses on the on the on the earth it could be the largest subscription business in the history of humanity I think the largest ones right now are like Netflix you know 250 Disney Plus 150 Verizon 100 million so yeah it's could be hundreds of millions of subscribers it could even could be the first 500 million subscriber product in the we could look back one day and be like why did we run all this copper wire everywhere like we don't need it yeah obviously crazy especially if it can get it be like crazy that we were like ever I mean the whole nutty thing about this past week it's like we could look back one day and be like why did we ever drive cars and why do we ever have copper wire laid all over the Earth to like move internet signals around you know this uh this efficiency game that's going to be realized over the next decade is and just incredible just incredible Cham any thoughts on the robo van or the Cyber cab the model 2 I guess some people are calling it but it's you know the Cyber cab specifically not calling it number two and doesn't have a steering wheel or pedals I would have bought two of those immediately if it had a steering wheel and pedals I want to drive it yeah looks like the hybrid of like a model Y and the Cyber truck so I kind of really love the Aesthetics of it so beautiful yeah you like it my my my reaction was actually I don't know just seeing these releases now over 10 or 15 years plus of knowing him nothing it's it's I guess it's like not that surprising maybe it's it's weird to say like I just expect him and his teams to figure it out like they're just all so good it's and the thing to remember it's not just him that's incredible but he attracts a kind of Technical and operational Wonder kind people for sure and that's just that's just a really special thing so I had had that reaction which was I was really proud and happy for them for the team yeah for sure for the team and for him these guys are like incredibly Fearless fail bigly right yeah if you're gonna fail fail bigly yeah and then the other thing that I thought was crazy was how many people were trying to dunk on him this weekend and that surprised CAU me off guard because I think that they were personalizing a lot of anxiety that they are feeling through these companies successes which didn't make much sense to me well In fairness he did hurt some people's feelings with posting of memes so yeah I mean it's it makes no sense like the guy is like going to save 30,000 Road Debs a year in the United States with driving and people are losing their minds over a couple of memes or who he's voting for for president I don't think you have to worry about that you can just look at the products they speak for themselves anything um sax any response uh on the uh on the Tesla front any thoughts on the the bus or Optimus I mean they're both very exciting products I don't think I've got a lot to add yeah I love the bus freeberg I think that thing could become like mobile homes R you know adus and you could just send them to can you can we buy them or no well no not right now but I think that might be you know that that's going to be a kids in one I need it for all my kids yeah well see if this was a platform like the Mercedes Sprinter vans have become that you see a lot in Europe then you could buy an empty one of these it's got enough battery life to last a month and then let's say you had your in-laws over and there was one that was set up as like a one-bedroom you could click on Airbnb or you know Tesla BNB press a button and the thing could drive to your driveway you could rent it for a week and then it could leave or let's say a thousand people or 10,000 people were displaced because of a hurricane freeberg you could send a 100,000 of these to the parking lots at Walmart which typically does a good job and and feeding people and getting them supplies after hurricanes since those are so ubiquitous you could put a 100 of these in every parking lot and have a place for people who are fleeing uh natural disasters to stay so I thought that was like the most compelling product of the whole thing for me was the possibility of a sled like a skiff that you could do anything you want with would be really exciting for society so congratulations to the team and it's it's going to take a while but I I I could see them having that Robo ta I think congrats to amid he just got promoted I saw that yeah he's in charge of all AI I think he's in charge of all manufacturing and sales in North American oh okay well there it is shout out to amid abar yeah I mean listen I have I have big news I just bought my first Tesla oh you did did you go with a plaid Model S model S plaid yeah yeah I test drove it for two weeks and sold itself and are you using the FSD I use FSD every day I used F and it was like really impressive so super impressive I I've tried Tesla a couple times over the years and I never really never really worked for me the quality just didn't feel like what I like given what I had before the carwise you were an Audi guy right but Audi guy yeah yeah that's it's uh was a big milestone I really I thought the FSD was the selling and then the speed on the pla is is just insane it's better than my RS7 like I um with all of my Teslas I put it in chill mode because when it's in that plaid mode or whatever like coffee go but if you have passengers the kids in the back seat will get like literally nauseous because it's too fast you got to be you got to be careful with the passengers there it's so fast it was awesome awesome all right well there you have it Robo taxi star we didn't get to it last week we almost put the show back a day or two just to do it in other news Uber is exploring a bid to purchase Expedia breaking news this was dispelled as we got here on the show they said this was like very preliminary thirdparty talks and that there's no serious talks going on about this Financial Times reported that advisors were trying to look at if a deal structure would be possible between Uber and Expedia speedia has got a $20 billion market cap they popped 8% on the news obviously Uber on the other hand trading at 170 billion market cap or so that dropped 3% if you didn't know daro was the CEO of Expedia from 2005 to 2017 he's still on the board and it looks like this was a trial balloon you know Uber's two biggest businesses rides and Uber Eats but they also do freight and train bookings dar's been pretty clear he wants to create a super app like you have in China or some other markets xed has got a lot of cool products hotels.com orbits Tri velocity or uh and I think the most interesting one freeberg you and I were talking about this is VRBO vacation rental by owner it was like Airbnb before Airbnb existed and if you look at this chart since D left the D effect Expedia has gone exactly sideways the revenue has grown modestly what do you think of this chamama I'll just go right to you with this one since you like to stupid stupid okay there you have it folks reason number one it's stupid uh and reason number two it's stupid I mean this is a 20 billion market cap business you probably have to pay a control premium of 50% so the question is if you were going to spend $30 billion today in the public markets what would you spend it on and I think the most important lens that you have to use to answer that question is what reinforces a mo that I have while also being inoculated from the risks of AI and I cannot think of a more fragile business model than the UI layer on top of widely available data so the problem that Expedia has is the same that booking and a bunch of these other folks have which is that the principal heartbeat of the company flight information and other things are licensed to them by Third parties and so what they are is a UI and a front door I think it's way too early in the evolution of AI to know that that's safe and in fact I think a more reasonable assumption is that those things are pretty fragile and part of what may explain the doldrums of the stock is that I think people are anticipating a world where for example I don't know if you saw but perity launch something this week it's just in test mode they whitelisted me into it but it's basically a checkout concept so you tell perplexity what you would like it to buy and then it will go and complete the transaction for you so in the example of flight bookings you could go directly to United because a perplexity will just show you all of the flights they'll show you the exact prices and then it'll go and execute that for you with your payment method in a world that looks like that where these companies have the money to pay for the data feeds the existing v1.0 generation uis I think are in trouble so it would just be a very bad Capital allocation decision now that's okay to get things wrong but not for $30 billion wrong you can probably do it for couple hundred million dollars wrong or maybe even a billion dollars wrong because you can absorb that as a 150 or $60 billion company but 30 billion is too big of a price to pay for that kind of risk I would agree with you and there's other things they could buy like we ride or pony Ai and a bunch of these AI companies that are doing self-driving so why not double down on that freeberg the one thing you and I talked about was kind of VRBO which is a very cool Marketplace and that feels directly in the Uber Kill Zone what do you think about them just maybe carving out and buying vbo and having an Airbnb uh why don't they just buy whmo why don't they just go to Google and give them 30 billion doar of uber stock and just carve in whmo isn't that a better idea I think that's what's going to happen I've been hearing Rumblings of that so so I think that Dara knows Expedia better than anyone he ran the business for what a decade or or so yep and so he knows how that business operates and so if he's looking at this thing and the stock price has been flat roughly since he left in 2017 if you look at the underlying financial performance you could kind of start to construct a rationale for buying Expedia this cheap and it would be very acreative to Uber even if there are these big strategic risks on the horizon so just to give you some numbers on it all Uber has got about 150 million monthly active users Expedia has about 45 50 million customers a year that use the service and pay for stuff so there's a real opportunity to think about the Uber customer base that's installed as being almost an opportunity to Market to them Expedia services and cross sell so Expedia on an annualized basis is spending about 8 billion a year in sales and marketing and about 720 million a year in GNA costs so and they're running about three billion ebit right now run rate so if you cut about half the GNA in an acquisition because you don't need all the people that overlap with Uber's people you know and you cut about 30% of the sales and marketing dollars because you can cross sell into the Uber install base you could see a scenario where you could increase expedia's IA by 75 to 100% maybe getting it as high as $6 billion and while expedia's market cap trades at two 20 billion this is off of you know obviously the recent news that they might get acquired if you kind of assume a 40 50% price premium to the last 90-day average of the stock price which is kind of typical or common for a deal like this they're probably paying 26 billion for the company and they got about 4 billion in net cash so you're kind of paying about 22 billion Enterprise Value to buy Expedia so 22 billion of Enterprise Value and if you can bump the iata up to 6 billion a year that's a pretty low multiple I mean you could kind of see yourself rationalizing this just from a financial basis that you're paying four times IA to buy this thing and Dara knows this thing and he would have great command over what needs to be done over there and he would have a great sense of what to change and what's gone wrong and there's a lot of interesting assets inside of Expedia vbo is a great one that's been under monetized and underutilize I don't know if you've used the ux on vbo versus Airbnb there's obviously some influence D could have with people that he knows well that could go in and fix that that interface and make it a better service and even as AI starts to step in and hotels maybe integrate better with agents and so on and they show up in a more ubiquitous way there's other things that Expedia does like build vacation packages and travel packages that are high margin products that they sell that are a little bit different than what you're used to with a just booking a flight booking flights makes no money for anyone but vacation packages is where all the money's at and so theoretically Expedia could be smarter about how they build vacation packages and personalize them for families and that's where they can make real margin like 20 30% margin so I could see a story where this all starts to click for the board at Uber saying maybe it makes sense Dar knows what he's talking about we could buy this thing for four times you know proa IA this could be hugely ACC accretive for us so I think that's why this is happening why this conversation may be happening that that's just me trying to understand I think it's a good steal man what the rationale might be could you just go back and explain how would they drive up IU so much so they're spending about um 8 billion a year run rate on sales and marketing at Expedia right now and Uber's got 150 million active installed users that are using this the Uber Services every month so the idea would be customers yeah actually paying customers so if Uber could cross- sell some number of Expedia services to their installed base at Uber which they could test and you know do a little experiment and see if it works they may be able to reduce the marketing dollars that Expedia spending to acquire customers through other thirdparty sources like Google and bang and other places so there's a rationale that's where I think the logic breaks down I don't think Uber customers want to be cross- sold on booking a hotel see this is where I think like MBA thinking is very different than product thinking like an MBA looking at this would say well you know Expedia and Uber are both in the travel business their apps both involve booking trips so we can we can cross sell Expedia from Uber and then cut expedia's marketing budget I think that's how an NBA would sort of handwave over it I think the way like a product manager would look at this is to say what does the user want to do and I know that when I use the Uber app I just want to basically make a couple of clicks set my destination get my car and then move on and there was a there was a product initiative a few years back at Uber where they tried to capture the users's attention during the ride and they you know they added they that whole ad thing that ad making a ton of money and was like it was like an entertainment stream or something inside the app no but they dialed it way back because I don't see it anymore it was just clutter would you TR trust D's judgment on the sacks like if Dar were to think about what the Uber user would want and he could rationalize some percentage of them they could cross sell expediate Services into I mean ultimately I think it's it's his decision right like well I mean what you're describing is basically a private Equity play like Dar is going to come in as like a private Equity buyer effectively and he knows the business and we'll run it to reduce cost May boost some revenue and maybe there is a justification for that but if you're trying to justify it based on cross- selling I don't think users of the Uber app want to be cross- sold when they book a taxi okay they just want to be able to affect their transaction as efficiently as possible and just to finish the point I was making on that whole entertainment stream they had they dialed that product way back because it got in the way you'd be you know in the Uber app trying to figure out how to change your destination or something and all of a sudden you're being shown like some entertainment product it's not what users wanted um and it was always kind of a a Banana's idea to think that just because the user books in Uber that you own their attention during that ride because during that ride you're really competing with every app on the iPhone right I mean and that's the problem is you want to get in and out of the Uber app it's about transacting efficiently what about not the moment when you're when you're writing in an Uber but the moment when you say as an Uber user hey I need to book travel I got to go on a vacation to Austin this I'm never going to think to go on my Uber app for that the only time I open but what if they put that feature in there what if they had a tab that said book your travel here you know when I open the Uber app when I want to hail a taxi that's what but I there are a large number of people who maybe don't have a you know an assistant to book their hotels in advance and like that would be most people jkl I would not think to go into Uber to do that it would just be clutter well no but they already have a hotels.com partnership and then the Uber one membership's been growing pretty nicely and the advertising is doing a billion dollars a year and that is just a money printing machine because you know that this person's in an Uber black you know that they're going to the Four Seasons like these users who are you know they have a real ad business at Uber Yeah Yeah the more Uber tries to promote some unrelated product and what I mean by unrelated is it doesn't help you get to where you're going that moment it's clutter in the app what about Uber eat sex yeah working pretty well it's working great yeah no the cross promotion's working that is highly related to that's basically booking a car to pick up some food yeah it's still the taxi business basically I think the hotel's integration is good I think there's something here we have gone through a cycle where apps and attention were highly Consolidated with a few now the has swung the other way and apps are very narrow features that are really well described okay so that's sort of where we are that's why we have the billions and billions of apps in the App Store the question is does the pendulum swing back to these super apps and I think the big question is not whether it swings back to the super apps but whether there's a new substrate that puts itself between the user and all of these services so that they become data oriented services and this is where the question is if you rely on an agent or you rely on a beef tub version of search whether that's chat GPT or gemini or whatever why would you care where all of this stuff was done you're not going to care and this is I think the big mistake in this thinking is that that real estate is actually much more fragile than I think we all think it is and I think a much better way to think about this is in the future none of this UI real estate is actually worth anything the question is do you have a data asset that's valuable or do you do a service that's valuable because agentically there'll be all of these unemotional Bots and workflows doing this work for you so I think saak is right in the sense that whether it's there or not it won't matter could could he run it like a private Equity business where now Uber corporation owns two Services sure but you're probably just better off for these agents to go and cannibalize all of search because you'll be able to just get a data feed for what Expedia has to create Expedia for a few million dollars or tens of millions of dollars you don't need to pay 20 or 30 billion dollars for this yeah the thing that I've talked to DAR about is when they said he told me when they do something that's adjacent to what they're already doing it explodes in terms of Engagement so like they're doing like teens and rental cars and then package delivery and every time they do one of those adjacencies it just takes off with the membership ship and to your point freeberg they have those 150 customers who have their credit cards in there and man it just it's explosive so that's what I booking a vacation is an adjacency to ordering food I think hotels would be I don't think flights would be because I think the flights work really well with the existing apps but things where you have proprietary inventory like VRBO or hotels I think those would be very powerful and those have 20 30% commissions which are in line with the commissions that Uber's already getting and the commissions on things like flights is very small like a couple of dollars so I think for hotels and vbo would be brilliant for the other stuff I'm not so sure to your point Cham well just to finish my my thought yeah yeah please was that you'll notice that Uber Eats a separate app from Uber right I mean I know you can get to the eats part within Uber but they created a separate app for a reason is because whether you're using Uber Eats or Uber the goal is immediate gratification I want to get to where I'm going I don't book it 6 hours in advance I call it right now and the most important thing to me is wait time this is why Uber is beating lft is time on the weight time is lower same thing with food I'm not thinking about booking my dinner right now I'm not going to do it in advance if you browse to the restaurants the most important piece of data they show you in addition to the rating is the number of minutes it takes for it to get to you so those apps are all about immediate gratification and that's why you don't want other things getting in the way of them now I guess the claim is somehow you're going to be able to cross sell the booking of a vacation or a hotel that you have to think about days or weeks in advance it's just a completely different state of mind I just don't think that there's much opportunity to cross sell that or to use the technical jargon I don't think the attach rate is going to be high what about the brand value sack so because you know those people are going to another app to book their flight in their hotel what if that other app was called Uber travel there might be some value in that I can see that yeah if I think that would be the rationale where I could see the Expedia brand yeah so maybe maybe what you could do is take vbo Rebrand it as Uber hotel or Uber travel whatever you want to call it exactly exactly and then maybe you could push people to download that app well the thing I you know I would the counter I give to this you could quantify that the value of the installs right so yeah exactly I mean well you could quantify because Expedia spending on it every year right now I use the bonvoy app to book hotels I use United to book my flights and I use Uber to my rides and obviously for eats when you are using it there's a tab up top in the UI is quite nice in Uber where it's rides and eats right next to each other I could see a third one like hotels or travel being right there and all of a sudden yum yum you just get all that inventory right in there and I frequently will book my hotel and I'll book my ride for the next day in advance on Uber and I do those things and then when I get to my hotel I'm ordering food to my room so I think this actually could work really well as a third tab in the app for travel and you could actually because when you use e in the Uber app it's its own Tab and it's the exact same experience I I believe in super Ops um and they just launched a bus that's like a bus service in New York for 18 bucks to go to JFK that's really awesome I think we're a little bit disconnected because we don't book our own travel but okay let's keep moving here down the docket all right this uh big Tech investing in nuclear power is off to the races Chim Amazon just announced a $ million investment in three nuclear power projects all of these are focused on smrs those are the small modular reactors Amazon is working with Dominion Energy to develop a small modular nuclear reactor near an existing nuclear power plant in Virginia in total Amazon plans to invest 35 billion in Virginia based data centers by 2040 and they want to power these by smrs and this is a big Trend Google is purchasing energy directly from chyos Power another company building smrs Microsoft as you heard was Reviving one of the Three Mile Island nuclear power plants so this is kind of interesting chath we went from nuclear not being on the table everybody being against it the Germans shutting down their reactors post Fukushima and now big Tech is the customer for these with AI and they're putting down very large deposits and payments to build them in America and I haven't heard any opposition maybe you could just speak to CH what we've seen here in terms of opposition to these versus the opportunity and everybody is writing checks yeah well they're not writing checks so this is what I don't want to be a Debbie Downer here but these press releases need to have an asterisk on them so in the hierarchy of deals right just to unpack this for a second there are deals where you give me X and I give you money that's not what this is then if you degrade that kind of deal structure in a lot of heavy industry you have deals that are called take or pay which is there is something that's working and you need to basically take this or you need to give me the monetary equivalent of what I'm selling you that's not what this is what this is is sort of this conditional obligation where the beginning of the deal starts with a very important statement which is if it works and if these approvals happen and there's a whole bunch of nested ifs then payments can happen so while these are important deals because they show that there are potential buyers at the Finish Line what it doesn't do is solve the two things that you need to get to the finish line which is the actual risk Capital to finish building these things and technically drisk them and then the regulatory approval that you need to make sure that they're allowed so I think think that these deals are good I think it's a great signaling but I think it's important to understand the nuances of these things these are not things where there's money really trading hands and until that you see that where irrespective of what happens the balance sheet is investing from an Amazon or a Google where there's Corp Dev folks writing hundred million doll or billion dollar checks into these companies it's not yet quite there this is more the step before which is sort of can you create some marketing and and some buzziness to hopefully induce somebody to then rip in billions of dollars of risk Equity Capital freeberg your thoughts on smrs and these customers showing up and then I guess you could comment on the nature of the deal structure here because some of them are you know contingent on the nuclear power plant turning on some of them do have deposits is my understanding we'll look that up and fact check it there could be a range of deals here yeah I don't know the nature of the deals I did I think talk about this a year ago it's it was also like what my prediction for the year was to buy the uranium stocks predicated on what I think is a really important point which is as GDP per capita grows energy consumption per capita grows and if you looked at the projections of GDP per capita in industrialized nations there was no way there is no way to meet the energy demand and this was even pre all this crazy AI buildout which is probably part of the GDP growth but there is no way to meet the energy demand without nuclear uh there is not enough solar geothermal or wind buildout potential that's happening that the stop Gap measure is going to have to be and probably the right long-term solution is to have a significant amount of Base load come from nuclear and so what's the fastest way to do that nuclear buildout well in China they have the regulatory Authority and the Mandate stated they're going to build 300 gws with 300 facilities or whatever the number is and that's what they're doing very large facilities that make a gwatt of power each in the US it seems that because of the regulatory structure here and the way that utilities are regulated and the way that the states have authority and the environmental laws and all the other things that it might be the fastest path to solving this energy gap problem is smrs and that's why and these things produce tens of megawatts so again a gwatt is a thousand megawatts and you know we need to kind of probably grow our energy production in the United States by several terawatts over the next decade or two so this SMR may be the fastest path now that could change meaning we could end up seeing much larger facilities get built out if there's regulatory change in the US and there's more availability but fundamentally we are going to need to use uranium to make electricity to meet the demand of the growing the GDP that it seems we're going to be growing it I think this is just such a necessity it's great to see the SMR is getting some attention I just don't know if they're actually going to get turned on how long it's going to take and you know I don't know what this election cycle is going to bring in terms of regulatory change I think we talked about it with several of the candidates when we were doing the interviews saxs if we are able to get a bunch of these smrs built here in the United States maybe if Europe follows suit what would this do on a geopolitical basis to our relationship with the Middle East our energy Independence and of course the AI race to you know general intelligence I'll let you take it whichever direction you want to go well I don't think we're going to because I don't think anyone wants a nuclear power plant in their backyard it's really simple I mean no matter what the benefits are for AI or for America's Global competitiveness I just don't think your typical Community wants a nuclear power plant in their backyard and I don't think it matters that much if it's a small modular one either so you think they'll get blocked by local communities yeah and probably for good reason I mean I don't want a nuclear power plan in my backyard do you I feel like this has suddenly become a little bit of a luxury belief where liberal Els are always talking about how we need to have nuclear power now but they know they're not going to have a nuclear power plant in their backyard so it's easy for for all of us to genuflect about what a great idea this is but let's face it these things are going to be built probably in poor or workingclass communities and inevitably there's going to be some accident I you can tell me how safe they are to you're blue in the face I don't believe it you know planes aren't supposed to fall out of the sky either and it does happen and you know they're going to set up a a power one of these power plants somewhere and you know it's probably going to have a Dei program and something's going to happen I mean something's going to happen and then the The Fallout it's is literally gonna fall out on on the people in that poor community so I don't think this is gonna happen this show really has a diversity of views doesn't it it's like look this is a perfect example of liberal business Elites demanding something that isn't going to affect them it's not goinge your take on a non-binary trans lesbian with whatever you're com put putting a small nuclear reactor 200 miles outside of Austin Texas go put your G had how close do you want it to your Ranch J Cal I mean I think there's plenty of land outside of the triangle here in Texas where there is no density and you could put one and I'd have no problem with there being one 100 miles 200 miles who's going to work there who's going to service it I mean literally you would have to it doesn't take that many people to to service these so yeah go wrong I think there's plenty of space in the United States to put these and maybe freeberg you could talk and educate us on the safety here do you believe what saak is saying that it's going to have a meltdown and he doesn't believe sa's point of view to be honest is the point of view that will be held by a large number of people just like they have been with a lot of other is it the right point of view though tell us from a science perspective well no no I don't I don't think it is I think that the same argument would have been made around we shouldn't have airplanes at all because they can fall from the sky we should keep everyone on the ground where they're safe why would you want to get on an airplane why would you want to have airplanes flying over your home we should all ban airplanes flying over our home they could crash in our home it's the same sort of argument and the reason I'm not going to argue the point is because I I because of the point I made earlier which is that It ultimately becomes an economic necessity that for us to meet all of the demands of AI all of the Dems of Industry we want to reindustrialize the United States etc etc we need to increase electricity production capacity on the continent and there is no way to generate enough electricity on this continent fast enough using other means than there would be if we just got these these system set up so so you believe they will go through out of necessity that's your take I think globally this is the case and we're seeing it in China now where the U whether the US to worry about a nimi problem the CC says this is what we're going to do and we may we may end up China is the m and nimi my yeah and we may be the we may end up being the Lite State and we'll end up just saying you know what we're not going to adopt new technology including things like Gene editing and cell cell therapies and I'll go through the list of new technology sets could make the argument that there's a low probability of a high-risk event but the fact is that the progress that it enables is worth so much more than the risk that we would be taking on there's a simpler solution to all of this without having to go and create these reactors which is I don't think that we have a very good grasp of the material science broadly speaking I don't think we really understand how to build Next Generation materials I don't think our Specialty Chemicals capabilities are all that strong the way that they're going to be over the next five or 10 years just with better compute so I think that there's going to be a lot of intrm steps that increase the generally available energy density without going to nuclear I think there's going to be a lot of businesses to do that that'll be much safer easier to regulate easier to test easier to underwrite and I think the government will get behind those so I'm not as negative as you are on the only solution being nuclear the countries and uh the businesses that have a lower cost of electricity and a more abundant source of electricity will end up winning as the economy continues to progress towards a much more kind of digital State and an automated State over the next decades so if we're going to be slower we're going to suffer the consequences of that as a country so we'll see how it plays out I just think that economic incentives will ultimately Drive hopefully a would a um possible solution be to give an economic incentive to the people who would be in the surrounding areas obviously these things could be 50 or 100 miles from you know anybody's homes but even the people who work there or people who might have I don't know some homes that were near it could you give them no taxes Etc essentially give them incentives to allow this to go through freeb in your mind do you think that kind of incentive would work taxes or some kind of pay off or subsidy I I'm not sure I haven't thought much about like what what the incentives or subsidies would be you're going to have to give them an incentive because no one's going to want to live within 200 miles of one of these things what would be the number right I think that people people have a very deep fear of you know what is deemed to be cataclysmic technology I do think a lot of this was rooted in the evolution of the atomic age where we basically have these nuclear warheads mounted to missiles that can travel at 20 times the speed of sound and land on your City and wipe out your city I mean that that is also nuclear technology and people can flate the two as being similar and even Three Mile Island there were you know no deaths it was a shocking scary thing for people but statistically speaking and historically speaking and technically speaking it's a lot more complicated to explain to people what happened and why and why now is different and no one has the time for that no one wants to hear that they want to hear a very simple do you really want a nuclear power plant in your backyard no way what about you no way all right let's let's vote to stop it and they're right I mean you compare you compare it to commercial airlines but commercial airlines that's a technology that's been around for what like a 100 years do you have any data on the safety record of nuclear technology because I'm not sure you do I think my point is like you're just making a statement out of let's see the data where's the data yeah let's do it let's do it right now I mean I think this is an important discussion I'd like to actually point my point about commercial airlines is we've had that technology for over a hundred years it was honed and refined over many decades and commercial airlines now have become this this is going on almost 100 this is going on a 100 years of use right you know that there have been incidents every decade or two and that is why that's not true that's not true you're you're saying something that's not true the reason nuclear has been discredited is because of Three Mile Island and Fukushima not first of all it's not been discredited I mean these names live in infamy it's social fearmongering like you were doing right now with no data and no facts to try and make it a political issue that drives everyone to one side shut their minds down and not listen to the actual facts and data and this fearmongering is what keeps us from being competitive it what keeps us from having progress you talk a lot about people talk listen listen I I'm I'm just saying I don't want one near me now if there hold on a second I'm not saying you 46 deaths at Cheryl I'm not against doing it somewhere where the community is in favor of doing it so if you can find a place that wants to do this I would not stop it just to be clear I'm just saying I don't want one year me facts we gotal just give me a second yeah yeah I don't think you're going to find many takers even among poor communities it's a great adversarial Point let's go to the fact 440 nuclear power reactors operating in 32 countries around the world since the time that we first had nuclear reactors which has now been almost a century there have been three incidents Chernobyl Fukushima and Three Mile Island at three m Island there were zero deaths at Fukushima there was one death and at Chernobyl there were 46 deaths The Fallout from those events has been that we shut down energy production we shut down nuclear reactor technology and we fear-monger our way into losing the most abundant available energy do those deaths actually include the second and third order effects of all this radiy there were 15 people who got thyroid cancer 35 operators and First Responders who got radiation sickness and then the background radiation effects there's a lot of kind of noise around this but it's not as significant number as you may otherwise think same with fuk Kima why is it that whole region is still uninhabited then they had a radiation event there's radioactive material that has covered that area that will be radioactive for a long period of time now to understand what happened there and why that won't happen again requires talking about the difference in the technology between gen one Gen 2 gen 3 and Gen 4 systems a lot of what's being rolled out now are these gen 3 nuclear reactors and the Gen 4 systems which we highlighted a little while ago do not have a meltdown possibility right we we talked about this the one that went online in China in December those new systems the Gen 4 reactors cannot melt down you cannot have an incident like you did with the Gen one and gen 2 systems and the Gen 3 systems are abundantly safe China is building hundreds of them it is a it is a totally like understandable science if we want to spend the time looking at the data and understanding the engineering and the material science work and all the effort that's gone in billions of dollars over decades the biggest stumbling block and the biggest wall has been the fact that people have this fearmongering activ that they tell people just dismiss it it's too scary we don't want it in our backyard let's move on to the next opportunity that's what's killed it and if you just put these things 50 miles away the radiation even in the meltdowns didn't go past those is my understanding so we even if you want to just the easiest Steel Man the new systems don't melt down you don't have that possibility and the SMR I am in 100% don't even work these smrs they don't work they're you how can you say for sure what the safety record's going to be oh that's just to be clear SMR don't work yet we have theoretical ways in which we can profile and model that they work but we don't have a functional one that people can look at and inspect as part of that we haven't been able to test how they fail those are also theoretical so I think let's put smrs off and let's just be very accurate we don't have a functioning working version of one because they don't work yet maybe they'll work in the future let's hope that they do you're talking about is is a step before that which is the Gen 3 reactor which has there are SMR operating in China Russia and India today and there's about 65 being built at this moment right so and that's outside the US so that's why the US is is is kind of observing and trying to catch up and adopt these technologies that are being used by call it economic competitors and economic Partners around the world it's important for economic prosperity in the US for us to have a degree of competitiveness in electricity prices if China races toward 5 cents per kilow for electricity and we're sitting here at 20 cents a Kow for electricity what's that going to do to our ecomic comp we are at 5 cense in the generation and you're saying solar right we can fix that tomorrow we already we already rely on a nuclear reactor that works and to sais point it just happens to be millions of miles away so it can if it goes we're all going to go anyways yeah the scalability of of solar in terms of getting us to a terawatt of production capacity is the the limiting block chth that in order to get to a ter problems I don't think that's you don't need to it's not a bad thing that other countries are taking the early adopter risk that would be yeah that's going but if they're if China runs away with this and they have so many of these running and then they're able to power Ai and solve problems we're not we're going to have to get our act together and start uh standing these up they just have to every Navy submarin got a nuclear reactor on board that's how we have so much space in this country these things could be 100 200 miles away but I don't think energy is a limiting factor in our ability to innovate I don't think it is today in these data centers certainly it's not the limiting factor in our ability to innovate it's not the limiting factor in like for example we're asking us to charge up every car every night with electricity with a battery rather than using G make my point so we just saw open AI launch strawberry is the reason why Microsoft or Google or meta not responded with their own version an energy problem no we're still rate limited by Innovation and just raw intellectual horsepower and capability meanwhile we are trying to solve the energy problem and people are taking different approaches there's storage that's coming online very aggressively the solar capability itself is ramping up aggressively we're also forcing these utilities to actually be deconstructed so that there's more efficiency in the energy markets all of this if you unpack wide cost 20 cents a kilow hour it's not because of a generation problem it is not it's graft it's corruption it's old Legacy infrastructure all of it can be replaced in a much simpler and safer way so I think by the time that you are rate limited by energy you'll have a plethora of solutions my issues with the smrs is the ones that are promising these NextGen whizbang performance characteristics they're all theoretical free so even when you say there are smrs working abroad there's no like next Generation reactors working abroad they don't work what do they where is an example of these modern Next Generation reactors actually working where well we talked about the Gen 41 that went live in China there's several smrs in several countries that are active producing power you can call it a small modular reactor what I'm talking about these nextg materials the things that chyros and these other guys are trying to do where is a functioning I'll show you they have them I mean like we have one in India we have one in China I'll show you the I'll send you links to them here there's about 50 of them that India's building right now and they're they're competitive with Kyros right they all have kind of common Design Concepts but they're different companies anyway I'm just saying like they're they're getting harm in just freeberg maybe you can educate Us in the distance it could be from a city reasonably in terms of building a grid to move the energy from could it be 200 miles from a major city 300 100 what's a what's a want you can put Power production wherever you want as long as you got the copper to move it right move the electrons yeah I'm just trying to think reasonably move it is uh I guess what I was getting at but okay well there you have it folks a good debate here on the Allin a good debate I still love you all we'll lay we'll lay Copper from some country that has an SMR all the way to right all the way funny you said Washington State I was just thinking like if Canada and Mexico have you know economic incentive to do this or they're more bold maybe they build them in their countries and then they'll be selling it to the United States right they'll take the I mean if you're chyros and you can't put this in the United States but you could put it in Mexico and then come up with a you know a way to get it past Trump's border wall you may be able to put it into the United States but we won't know until we know it works just I'm sorry I keep going back to this tricky little issue if it doesn't work well I mean I think free brg on with you and that the even with the fers that have happened those are with Gen one and gen 2 reactors there hasn't been one in a long time and the fall I believe those spend those up right now these Gen 2 gen 3 reactors do them all day long I think that they're very safe they're very three and four the threes are what we should 100 miles from my backyard no problem four that's producing China is producing a gigawatt of power would you want 10 miles outside Austin I don't think you should put it 10 miles outside of any City I know that they're doing that in India they're doing that in China I would think I you know if you look up the footprint of Fukushima I mean that was a complete disaster they put that below sea level they told them not to put it there and they put it near a bunch of people who you know were living within miles of it single- digit miles of it there's no reason for this to be any closer than 50 or 100 miles and I would be totally fine with it being 50 to 100 miles from where I'm on my ranch right now absolutely no problem with that I think this is a classic luxury belief where it's easy for you to espouse this for everybody else for the nation because you know the downsides aren't going to fall on you no far away from where we use them and maybe everyone will be safe would you would you be comfortable with putting them in the desert yeah but but in that case there won't be okay then we're done that's how we're running wind and geothermal today we're putting these sites in random places and solar and then we're running cable and we're you know proding solar just because they don't want it to be an eyesore right that's why we're doing that with solar we don't want people to look at a giant solar thing like I said I'm not against doing it if you can find a community that's willing to do it and if you put it where there's no humans then yeah that that's going to work we resolved our issue we got the compromise here here we are solving world problems yes I'm going to get my guitar and we're going to sing kumr to work at this place you better get some robot employees I can't wait for you guys to lay millions of miles of copper cabling now as a soltion I'll lay that pipe genius you need me to lay pipe I'll do genius no Sak do you want to go visit a nuclear power plant zero yeah go how's any progress sax is not interested in any progress okay if we can go back to the 50s that's what he wants let's get some you're like virtue signaling I'm virtue signaling because I'm Pro nuclear yes it's a luxury belief you're promoting something nuclear power is a luxury belief you heard it your first because they're going to put these things in poor communities and so it's never going to affect your life they're putting them next to Data Center in like Oregon like it's easy for you to say oh I support nuclear look how Progressive I am look how smart I am you haven't internalized the downsides I just want abundant electricity idty politics for you sax everything you see the land Po and Rich everything I'm defending the poor you're going to put these things in poor communities you're genu flecting sax looking out for the poor look at you Mr Mr Robin Hood over here Rob defending the right of communities to say no to this you are sence experiment you're my favorite I'm defending the right of local communities to say no to your science experiment okay that's what it comes down toe sober is trying to put this episode 200 I love it sums up the whole the 200 shows sack let me ask you a serious question it's not serious when you start like that if Trump loses what's the next four years on this pod gonna be like what are we gonna do here we lose this he's moving to New Zealand there's going to be laware all over the place absolutely they're going to come for him do you really think so David yeah I do I mean look I'm definitely not the top of the list elon's at the top of the list right so he has he has no choice but to go all in they're already doing laware against him it's ridiculous but I think the point is just that if they're not defeated they're going to keep doing it because there's no downside for it I will comment on the California Coastal commission ruling that was based on elon's political tweets which is why they stopped additional launches out of vandenbberg first of all how the C Coastal commission has authority over vandenbberg and the operations it just seems to me like there's something wrong the coastal commission was set up with the coastal act in 1976 in California as a way to give the beaches back to the people and the public and create a commission to regulate building along the beaches it has since grown into effectively a much larger uh entity with much more Authority which potentially after the Chevron ruling in the Supreme Court may get peeled back and may get dialed down we'll see what happens but as of now they have the ability to block launches out of vandenbberg which they did and in their decision they said it was because of elon's political tweets again starting at the beginning of the show about the success that they had with the Starship this week it's incredible it deserves to be recognized on the merits of what they accomplished but to bring in his political tweets to make a decision about the progress of SpaceX and allow public space to be used to further that that cause and further that activity seems to me abhorent and it's ridiculous and it's exactly what's wrong with the bureaucratic morass that a lot of these institutions have grown into and this was Pro or con smrs exactly yeah no I'm serious do do you think G beiss what the coastal commission does is they they they block they block everything and they do pictures of the entire Coastline if you build like a shed on your beachfront property they will know it and they come to you and they're like no sheds you cannot build any structures on the beach they're just like really really hard it's a it's a values decision that the state of California made in 1976 the state of California the the citizens voted and said we want to preserve the coastline and I think that that's a reasonable value for them to assume and and vote for and it was a majority vote and so they established the coastal Commission but how the the coastal commission extended into having authority over vandenbberg and launches from there for SpaceX to me is part of this kind of administrative you know growth like we see all these administrative bureaucracies get started that have a very simple objective preserve the California coastline but now they have authority to determine whether or not launches can happen at Air Force one person at the coastal commission referenced his tweets and the vote was 6'4 to increase these so who is this one person did in an official context I think she was like retweeting it there's like a tweet from her yeah this is what I'm don't she was taking credit for it I mean in a way favor proud of it she said the quiet part out loud so in a way she does a favor which is she acknowledged that all of this lawfare against SpaceX and Elon is political she basically pleaded guilty to it look she's proud of it because she doesn't think there's anything wrong with it she thinks this is her job is as a bureaucrat she's supposed to punish people who tweet things that you're not supposed to say that basically is what it comes comes down to and um I mean this is the truth about lawfare they're using the agencies of the federal government to exact rep reprisals against their political opponents and if there's not if there's not a punishment for that it's going to keep going and they they filed a Elon filed a lawsuit and it's a six4 decision so I I think by way the Biden Harris Administration could stop that they could say no more lawfare but they don't do that because the tone was set from the top and Trump is saying he's going to be a dictator and he's going to do a bunch of law fair when he gets in there so both of these sides got to settle it down that's exactly what he said this has been another okay J You Can't Rap a show like that that's just not cool I'm just trying to wrap up so we can move on well then don't make a slight comment itself like just do something else talk about something else besides Trump at the end like I'm just giving my opinion I'm not allowed to give my opinion on the show op what are you grateful for right now in your life I'm grateful for you doing all the work on the events and making them spectacular I'm really excited for saaks live from Maro oh God I will totally go to Mar Lago for election night can we get a booth there that would be hilarious you keep saying it it's not clear you would be invited yeah exactly of course I'm invited Trump loves Mei with everybody neither neither you nor I gave the hundreds of thousands of dollars per ticket to go to dinner with Trump please that Trump loves me he he enjoy time very selective it's for friends get jamas get an invite man okay I'll do it remote that's fine you can do it remote fine you want Jake out there it's fine go with me wait when is the election I want to be I don't want to be at a party I'm not invited to it's in two weeks and three days four days November 5th Sur it's like just waiting every day for it to drop whatever it's I just hope whoever wins wins like significantly so we signant please win by 30 electoral vot cour no Supreme Court decision right now the only candidate who looks like he could get a landslide is Trump otherwise it's going to be very close so you're rooting for Trump if you want a landslide I mean I'm going to I'm going to reveal my vote on the election special I will have really hard to figure out I'm sure the audience will be held in great suspense by that did you guys vote yet did you guys vote yet I have I got my ballot on my I got my ballot on my desk here yeah I'm ready to go I'm ready to go all right everybody this has been another wonderful episode oh meetups there are 200 episode meetups happening thank you to all the fans who got together take pictures and share them on social and at mention us allin.com meetups every couple of episodes fans get together around the world and talk about their favorite bestie it's typically fre birg and we'll see you next time byebye byebye let your winners ride Rainman David and instead we open source it to the fans and they've just gone crazy with it love queen [Music] of [Music] Besties my dog taking driveways man oh man myit will meet me we should all just get a room and just have one big huge orgy CU they're all this useless it's like this like sexual tension that they just need to release somehow [Music] we need to get mer [Music] our I'm going all in