Big Business: Trump off to Blazing Start - Trump Coin - AI Investments - Crypto Mainstream

Lowes knows you've got a job to do, and we help get it done. With the My Lowes Pro Rewards program, eligible members save more. With volume discounts on qualifying orders, we're quote of $2,000 or more. Join for free today. Lowes, we help you save. Offer Campy Combined with any other discount contract and or special pricing. Exclusions, more terms and restrictions apply. Details at Lowes.com slash terms. Subject to change. This is right about now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping necks and caching checks? Well, it starts right about now. What's up guys? Welcome to right about now. It is Friday, January 24th, 2020, 25. It's our weekly business news of the week. Ryan and Chris coming to you from Miami and Greenville, South Carolina. What's up, Chris? It's trying to stay warm down here, brother. Boom. I know I'm sitting thinking we're in like the southern of the US and it's like 50. Dude, it was it was 17 degrees in Greenville, South Carolina on Wednesday. You guys get a high of 30. We aren't used to that. I don't know. I don't have a coat for that shit. Yeah, we did. It snowed. Like they called for all the snow last week and then we got like a nice half an inch. What late yesterday afternoon, it just got kind of out of nowhere. So he didn't choose in Pensacola, Florida today. Is that a record? Yeah. It is. It's crazy. Global warming. Yeah, dude. It's amazing. Oh, that's not how it works. The fact that it's actually getting colder where it's not supposed to is sign of global warming. I know. Whatever. So yeah. What's going on? What's going on? What's going on there? Whatever it is, it was cold here in South Carolina. Still cold, man. You know, I'm starting to long for that spring and summer, but you know, I will say this. Chris and I are stepping it up today. You know, we're usually fairly casual. I said, Chris, let's show what we're about today. You know, I got a little, I'm more a button down. I don't think on the show, maybe ever Chris is rocking black. I got white, Ebony and Ivory. Yes. Yes. Yinyang. I know. Looking sharp. Looking sharp. Talking about the business. Giving you the business. I'm feeling like maybe a new set up here with like a desk, a little more professional, you know? I don't know. I said we're still like business casual. Maybe a good name for podcasts. Maybe a good name for a podcast. You know, one of those walking desks would be perfect. Yeah. Exactly. Exactly. Here we are. The Walking Desk Studio. But I hope everyone's doing great. We have Trump. We've got inaugurated on Monday. In a lot of the, it's affected all the news because there's so much business stuff. I tell you what, this guy's not messing around. More, I don't know, things enacted in four days than I think Biden got done four years or at least, I don't know, four quarters. So just flying around, flying around, can't keep up with the headlines. It's like, AI, this, crypto, that. We got the Trump climate. He's kind of, he's firing gazettes. Like, oh, a lot of, a lot of changes are very quickly happening, you know? I know, this is what it's supposed to look like. You know, this is what this earth feels like. Yeah, peace on earth and, and activity and, hey, in the American way, forward, you know, unity, forward, gearing people together, getting tech together. Now, and all the one who's paying the all, is the rich getting richer. No, but you need all these people to make shit happen. They make opportunities and jobs happen and all that. It does trickle down folks. Not saying that's the only way, I'm not always saying it's top down, but I'm saying top down does work when you need to get activity moving and you need all the politics and bullshit out of the way. So, so far, I like what I'm seeing. You don't have to like everything, but lots of good stuff. You know, I will say, it is a fine line with the Trump coin. Like, he's in office and he, look, I love him for it and also raised my, I brought to him, you know, like, for the same thing. He's, he's in the public eye. He kind of, he gets free press every day is a person, you know, removing the presidency from it. That you and I, no one else gets because he's the president of the United States and he was voted in. But, you know, launching a business venture, the Trump coin, I don't know all the financials behind him, but I would assume it just goes to, I think he owns 80% of it, him and him and Melania. It does go, that's convenient, right? It's interesting because up into this point, we've had a lot of, you know, kind of celebrities and musicians and stuff try to do their own coins and none of them really work or they're kind of, and again, a two degree part of it's more of a community builder, like collect your coin and something, right? Trump is like the king of merch, dude. And this is really just like another level of merch in a way, you know? Yeah. Totally community in another way. And honestly, I'm shocked it took this long. There's been some coins related to him but not directly. But does it give you heartburn at all that he launches? It's so beneficial to his personal bottom line. He launches it the day before he's inaugurated. I don't have a problem with it personally because I had to crypto guy and talk to some friends about this yesterday because we all kind of have the same conversation, like is this bad taste? And a lot of people got turned off more when the Melania coin dropped, the Baron coin, where they're like, all right, Trump's won but now you're kind of trying to just cash in on everyone. Right. However, as a whole, I'll tell you my dad called me last night. Oh, Trump launched a coin. My dad doesn't know anything about crypto. So I'm happy with just the awareness it brought to crypto as a whole. And that's where I think Trump is smart. I think there's more to this than just, I don't think Trump's just trying to make a quick buck. Don't get me wrong, they made a lot of money. But I think there's more to this than just the me going. I think this is a great marketing play to get a lot of people talking about crypto and looking into it. Yeah, look, I can, if I'm gonna wear the sleeve of kind of taking the bullshit out and talking all sides a little bit, and even if I, you know, by personal police tend to slant what, I can understand a little bit of a lot of raised eye a little. I just think, I do think it does open opportunity up for people to get into Bitcoin because you can ride the wave of whatever his coin does too. And so he may own it and it has been even fitting him directly, but it is sort of serving the purpose of policy. It's a fine line and I couldn't, and I wouldn't, you know, if someone came in to do a debate, I don't know how long I could fight them off on their side of having issue with this on some level. But I can also personally see the upside, you know, more universally like you. And put it this way, I'd rather have him do this and have our Congress and our people in the Senate inside of trading that are voting and creating laws just to benefit their portfolios, right? I think there's more foul play in that because Trump coin isn't related on government contracts or who gets this contract or where we're gonna develop this, where those are the decisions made in the Congress and sent in on these committees, right? Where you're directly influencing based on your stock portfolio. Whether Trump owns Trump coin or I own it, it's irrelevant kind of, because it really is just novelty in a way, right? I could see him saying, okay, now. Yeah, but I mean, but if, you know, let's go down that road. Like I hear what you're saying, but like four, okay, he comes out four years. His family, let's just say it holds the value, it says on paper now, it's like $50 billion. Like we all know that'll probably go down or whatever, but when he comes out of office, and his family never comes, you know, serves office again. And Donald Trump Jr., and his sons and his sons and his sons have legacy financial support from that coin launching because he was president and the popularity that it had, that's where the Hartburg comes in for people, right? Yeah, but I would challenge people. I mean, the man's been a billionaire prior. Like he's opened new hotels since he was president and no one kind of said anything about that. You know what I mean? And that would require more nefarious activity as far as using your influence to get into certain countries in the contracts, whatever. I think we can all just admit that he gets some leeways that very few before him ever have, because of that fact. And I'll say this, and I'm gonna just, you know, we're opinion so, whatever we've been doing with the types of people that are non-business people, that are political creatures, their entire lives and have no business experience, would you rather there be a touch of reality and a business man, you know, maybe using that influence to help others and himself? Or would you rather keep doing what we do, putting in lifelong politicians that make nothing happen, that talk in circles, that never align people in business and in government. So which one would you rather have? And so no transparency. Yeah. They didn't do this in the dark, right? Yeah, most of us happening behind the dark. You know, Joe Biden is probably a billionaire himself or a hundred millionaire. Right. And I don't know, I don't have faxes, but I'm just saying, I'm not stupid. There's, and I'm cynical. And, but, you know, but everything else that was claimed about his son and everything else has come out to be true. So let's just go down that road. I'd rather have my president make his money off of a coin, a meme coin, then doing backdoor handshake deals with China, right? Giving advantages to our adversaries. Yeah. So it is an interesting thing. He's, he's enacted his ability to leverage his name, image and likeness while in president. It's like the equivalent of a college athlete, you know, in school that now gets to take advantage. You know, they're seemingly paid, you know, with scholarship to go to school, but we all know they're making billions of dollars on their backs. So now they can take advantages, naming them as a likeness while they're playing football. Then it's just what Trump's in IO play. It's like when you still red ties in Macy's under the Trump brand, it was like he's had his name on anything you can ever imagine just to. Oh, he's a great one. I mean, one of the best marketers of all time. Truly. Like, talk about personal branding. He, oh, God, I mean, MAGA, you know, take away all the freaking, you know, tyranny bullshit and like all the, you know, white supremacy garbage of MAGA. Like, thank you so much. What impact is MAGA had on the economy just on merchandise? Two, a ton. Yeah, that was something. How many Etsy sellers would be underwater right now of MAGA hadn't launched? And he gave people that ability. He let use his name and likeness to make money. Yeah, I don't think he's chasing down people selling MAGA stuff. He also understands brand. That's what, you know, letting it, letting it spread. Hey, all press is good press, right? Yeah, exactly. So meme coins are out. Ethics concerns. Very dangerous. How is 7.78 billion hours right now? FYI, just is what? It's 7.78 billion right now is the market cap. How's it doing? The coin itself. Well, the coin right now is trading at $38 and one cents. $38? Yeah, what did it start at? Zero. But what was it like Monday? Put it this way. Okay, the last, it's went up 1,140% in the last week. Yes. So when from as far as I can see, $7 to 38. But I think there's a part of the chart I can't see where it was probably like 0.01 cents. But it definitely ripped inauguration day, you know, obviously dipped out. Now it's kind of balancing out of between like the $35, $45 mark. So, but and I heard people talking is this going to crash. So made a good point. If you look at Trump's stock, right? A lot of that stock is also built on his brand. Not necessarily assets. So, right. And almost all business now is speculation, you know, like speculative. Yeah, pays me known. And literally, literally, you know, yeah. Trump's official quote, my new official Trump meme is here. It's time to celebrate everything we stand for. Winning. Oh, it reminds me a little while Charlie was rushing. Winning, but that is thing. I don't know if he won or not. Where is that guy? He stopped, he must have stopped drinking. Yeah, he must have stopped to drink in the crack. Because he just isn't out there anymore. That is health bad. I'll be good while. I do too. Kind of miss his antics. I know. So this is how the news works. This is why we're probably moving to like three days with the business news, giving you the business. The TikTok kind of came and went the ban since we last, like, we would have reported that TikTok is down, but we're now able to report it back up. Yeah. That's how the news cycles work. We record every 18 hours when it went back up. So, yeah. It's like almost like why I'm scared to talk about a headline because like the news cycle so fast, get a talk deeper than one article because the shit's happened. Like, okay, TikTok is down. Oh my God, Chris, what do you think about that? Well, now it's back up. We barely got the tech reaction videos before it was back up again. Yeah. And then we're crying videos and. And I still, what's funny is the Instagram algorithm will send you stuff that they think you're interested in. Even if it's like a week or five days, like it sends you old and new stuff. I'm getting the, you know, all the guys that respond to everything where they play a video or the news behind them. I'm still getting the ones where, you know, they're talking about how TikTok's gone down. And like, I'm like, well, this is, this didn't age well. No, it's quick. It was quick. And now back up. I was worried about it because they had CapCut down too with the editing app. And that's like, I bred and butter baby. And I was like, oh yeah, I can't, that can't get good now. I know, I was kind of like, you know, I don't care about TikTok that much. You and I aren't really huge on TikTok. So I, and then when CapCut got pulled, I was like, oh no, I'm gonna have to learn a whole new software and that got brought up, that launched, again, yesterday too. I guess that's tied in with TikTok somehow. Yeah, Chinese owning all the stuff, getting all your data, Chris, all your, you know, you're cutting all those videos together. I'm kind of videos you're cutting. Damn. They got that evidence on you. I work out videos in my coaching promotion videos. Shit. They figured me out. They know how to get to this guy. Yeah, they got to you. But yeah, Trump re and I gave him like a 60 day. It's, there's talk about it getting bought. I saw, you know, several people making plays and saw Lear, Kevin Lear, you're one of the guys making a play. Kevin Lear from Shark Tank. Yeah, perplexity. Can play with the perplexity on your app, like the browser. No, it's a, I, you know, I've tried to use it. It's interesting, but it's not taking it over Google for me yet, but supposedly they were suggesting a merge. They got a lot of backing. Bezos, a lot of the big guys, but Kevin O'Leary reportedly offered 20 billion cash for TikTok. But, but, but Billy, I mean, the way Billions just get thrown around now is like millions, like, you know, 13, 20 years ago. Yep. And, you know, people use that words a lot. That's a lot of damn money. It's a lot of owes. Yep. I think they're gonna end up having to sell this thing. I think I don't think Trump's gonna allow them to just stats quo. I mean, I think he's given 60 more days and then he's gonna do what Trump does and he's gonna follow through. Be like, all right, you're not, because I think by dance was holding out that maybe this would just go away. Let's be honest. They don't want to sell it. We talked about it like probably seven months ago, you know? Yeah. And I know. And we talked about even like TikTok shop. Is that something we should be getting involved in? And even I kind of, a lot of guys I know in it were like, no, nothing's gonna happen. And I think people really have been just kind of, oh, I decide out of mind. And then boom, that's a rug pulled out from under him. Yeah, I think by dance just thought, oh, Biden's not gonna do what he says he's gonna do. And then Biden really have to, because it so conveniently, you know, happens right when Trump comes in. So Trump goes, all right, you're on my watch now. You got 60 days. So I think they'll end up selling or at least partnering or doing something. I don't think Trump's gonna just let it stay status quo. No, yeah. And I don't think they should. I mean, nobody wants World War III and China and the US at odds, but they are an adversary on some level. It just is what this, and I'm not saying that the people are necessarily adversaries, but the governments definitely are. And the interests definitely don't align at all. So we'll see where that goes. All you TikTok lovers just don't start posting on Instagram. Yeah, move over to the adult platform. I guess, I don't know. I just could, it's more just invested there. I'm on TikTok. I got the blue check. It's great. Thank you, like, but it's like, you know, I still have time for the energy. You know, when the team gets a little, if I got one more person on the team, they would TikTok would probably be on the list of, like, more than what we do now. But until then, you know, you guys can find us. Yeah, definitely not gonna spend a lot of energy until we find out what's going on with this. Bank of America says, the banking industry will embrace crypto. Congratulations. Way to wise up, buddy. And the department of no shit, yeah. You got the president, all his people, he's got a main coin out, man. What are you, what are you gonna do? Not support it. And I don't know. The banks, I posted, we talked about last week. I got a little side eye with the banks right now. And I believe we mentioned last week that the banks would be announcing that they would become custodians for crypto. Yes, we did. And here we are. They're realizing money's changing and they still want to get their clip. Yeah, they want to get those record profits like they've been getting. And hey, how, they're devising plans as we speak in the, how do we take it out of the customer's ass department is their meeting right now. What's the acronym for that? H to ACA, how to, you know, take more money out of the America's pockets. How many fees can we get on crypto? Someone, you know there's someone of the fees department contacting this right now. How many fees can we get on crypto and for what? Transaction fees. Late trade fee, a bit, bit coin risk awareness fee. Risk awareness fee. Yeah, I know what you're up to. You dirty banks. You don't need a bank. You can use it. You're on wallet. Yeah, but at a certain point for business, it's tough. Like to not have a US bank, not saying it's, I'm not saying you can, a lot of people get away with it. Yeah, I think for things like getting a mortgage, right? Right, so we got to play that game for now. Yeah, but it's going to be interesting to see this. It will be interesting, but I'm just glad that Maggie Industries coming along here, always late to the game and early to the profits. Welcome to the party. They're too busy counting their money from fourth quarter. It's record profits. What else is on your mind this week? You know, we've got, it's just dizzying. Like I'm saying, it's dizzy, dizzying Trump's enactment. Like you got the AI task force. You see this thing? So the big players on the stage coming out and basically 500 million, another B commitment here for these data centers. This is a big, that is a bigger deal than it may be being made out to be. Like it, I agree. Like to have this on our, it doesn't sound sexy. Yeah. But having on our soil, which is what ultimately Trump is up to here, needs to be on our soil under our control, not relying on others. And it's not big because Chris, we can't help the free world and others if we're relying on others to help the broader world. It's mouthful, but I think you know what I'm saying. It's like, so this stuff needs to be on our turf and under our control so that we can make sure it's used both for our interests and for our allies. So I get it. I mean, everybody wants to talk about the cost. And I get that too. We'll see where that goes with overall cost and certain things of tariffs and all that. I hear you. But this is a big deal, especially with what's going on with AI and how important it's going to be, how it's going to dictate a lot of industry and things. So got a hundred billion to start. We need to invest in America because outsourcing clearly doesn't work for us. We've lost our power. Yeah, or lost a larger percentage than we should have. Stargate project. This is a very large investment in the future that investment that affects all of humanity. Trump touts joint venture between soft bank open eye, AI open AI and Oracle worth 500 bill. But but but billions. The three tech CEOs have joined in president Donald Trump's multi billion dollar artificial intelligence infrastructure project defended the venture as an investment that impacts all of humanity. President Trump unveiled a massive AI infrastructure project from the private sector on the first full day of a second term in office. Trump announced that soft bank open AI and Oracle had joined created Stargate to build data centers in the US for powering AI. I mean, that's what all this has computing power. Large data centers, lots of power, energy and heat. You're been in a data center walked in place for like all the computers on like back servers. Hot. How much fucking heat that shit puts out? Crazy. You want to get close to the sun. That's close to it. You got fans going everywhere. Those days, what it takes to power these things? They think mining crypto takes a lot. Damn. I was going to say I've been in those and those are loud and hot. Crypto operations, a lot of energy. It's so funny, the modern, the modern mining. You know, used to be down in the depths of a pit. Now we're in a sweaty, sweaty matrix. The stories that come true, the predictions that end up real. I just don't want to get plugged into like a matrix. I want to like wake up and be in like a big vat of nasty. Jelly, Nickelodeon, plasma, whatever that shit is. I don't want my brain plugged into the data center. It's fascinating. Is what's cooking the rest of the week? Week in for you, Chris. You big plans. I had a wedding this weekend. There you go. Subwaying some love. Oh, old friends. Nice. Don't do it. Wedding crashers, the, what a great unit crash it. You know, like you've taken a date or anything. No, I'm just going with all of my old, old friends from the single Chris got. Hey, anyone listening, single Chris. Hey, day, day to the wedding. You know, got Miami kind of nice dog. America's Mozilla's rule, bachelor. We'll start right at the right about now, bachelor show, starring Chris Hansen. So I got you dressed up today, Chris, you know, for the new segment. Bachelor Chris, we had crypto Chris last week. Now it's bachelor Chris. Yeah. Oh, stay single. Why you can enjoy it? It comes for you. No. She doesn't listen. No, it, like great marriage is great. Bad marriage is bad. Well, I, uh, I get both of those phone calls from my friends. I get the good ones in the bad ones. So I'm just sitting kind of, yeah, right. You're right in the middle. And Sarah pissed at this point. It feels like exactly. Well, we don't know what's going to be up. What Trump, one more week, we might have 27 things to talk about with one more week when he wrote Trump really rolls the sleeves up. I have a, was yeah, yeah, a couple of segments exactly. That's why we're rolling the sleeves up. We're taking the BS out of business. You're to find us right is right. Dot com. Find highlight clips, all our sponsors, including exponent X marks the spot for energy, plant based, neutropics, all the good stuff, none of the bad stuff, just a sponsor of right about now. They power us a week and power you. Appreciate Chris Hanson down in Miami. We're always here in Greenville. It's social house. My cowork lounge come see us. Okay. This coworking lounge bar hang out right on the swamp. Rabbit trail in the beautiful downtown Greenville come see it. Give me a shout out. I'm here. We got the studio come see us live. We appreciate you for making this number one. We'll see you next time on right about now. This has been right about now with Ryan Alfred, a red cast network production visit Ryan is right dot com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.