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“Well, today, the SEC approved the Nasdaq's move to support tokenized securities trading. This is huge. The Nasdaq is the second largest exchange in the world. The New York Stock Exchange is the first, of course. And we know they are all moving to 24-7, 365 trading because of the blockchain technology. It's as Larry Fink, CEO of BlackRock, said a few years ago, tokenization is the future of finance. And as I've been telling you guys, the future capital markets, economies, and governments will …”

“higher than they are today. And we should remember that most of the energy infrastructure in the region has not yet been damaged. So it can start operating again relatively soon. If you really start to see tit-for-tat escalation, where you go after Iran and they've signaled they can come right back at us and other Gulf states, then you're talking about months or years, not weeks to months, to try to get things back to normal. Walk me through, I don't know if it, I want to say the nightmare …”

“Talking about AI risks, this was an appalling story. We've talked before about how face recognition is so problematic. But you would hope that police departments wouldn't rely entirely upon face recognition to apprehend suspects. Well, unfortunately, the Fargo, North Dakota Police Department did. They had video of a fraudster walking into a North Dakota bank, passing a bum check or something. They fed it to a database of face recognition, and the name Angela Lips came up. A woman who lives in …”

“I can't believe it. Yeah, shocking. What's the status of these Marines right now? I believe they are motoring to the region, right? So the Tripoli, Tripoli is a big boat. It called an amphibious assault boat but that makes it sound like it like a Higgins boat Yeah yeah This is not the boat that you see in the d movies okay uh in fact i don think it can actually have this particular one if i understand correctly doesn't carry those kinds of boats like like it's not set up for doing like a beach …”

“Well, I mean, there's mainnet, right? But I did notice that there is just like a very large emphasis on this MPP thing, which I think we'll go into. Tempo is known in the crypto industry as like, you guys do stable coins, you guys talk about remittances, tokenized deposits. If somebody wants a stable coin, they might go to Stripe and Tempo and get a stable coin minted on Tempo. But it really seems like that wasn't really the focus of today's mainnet launch. Really, the focus, the emphasis is on …”

“In other news, the U.S. Department of Justice announced yesterday three charged with conspiring to unlawfully divert cutting edge U.S. AI technology to China. The indictment unsealed today details alleged efforts to evade U.S. export laws through false documents, staged dummy servers to mislead inspectors, and convoluted transshipment schemes in order to obfuscate the true destination of restricted AI technology, China. said John Eisenberg, Assistant Attorney General for National Security. …”

“My folks had since then started a construction company, moved it to Arizona. So I moved to Arizona, Tucson, Arizona, and just went back to work in construction. That's what I thought I was going to do the rest of my life. But I'm working out of town in construction. I start really obsessing on the radio again, like I always had, just audio format, that kind of stuff, and started getting super into political radio. Obama was running. I knew he was a scumbag. I'm famous for making really big, …”

“Finally, let's talk about this story that I found to do with Chinese automakers selling more than Japan now. It's a fascinating stat. Chinese automakers. This is not just a pure EV story, but we do get into EVs in it. Chinese automakers sold 27 million vehicles last year worldwide, up 10%. Japanese automakers, the behemoth that is the Japanese auto industry, sold 25 million. So Chinese car makers, we know, ahead of Japan globally. But that's the first time in over 25 years, at least since the …”

“So excited that I am in New York doing this in person with Leah Figer. Zoe, you're still on the screen. I know I am. Brian, should we brag about why you're in New York? Yes, we absolutely should. Leah was honored last night at the Front Page Awards as Journalist of the Year. Correct. She got a literal physical award. She did. Not only that, Zoe, you don't know this, but I do because I was there. Wow. She got introduced by our editor-in-chief, Katie Drummond. She made a video about her …”

“Last week, Amazon's entire platform crashed for six hours. No one could shop, buy anything, they couldn't even see prices. The reason was because a junior developer had submitted an AI generated piece of code which crashed the entire platform and it cost them millions and millions of dollars. Now, Anthropic, the creators of Clawed Code, which is what Amazon was using to create AI generated code, also had a similar issue where their entire platform has been suffering from outages this entire …”

“If the war with Iran hadn't broken out, I feel like we'd be talking a lot more about the labor market right now than we are currently because the economy lost 92,000 jobs in February. job growth has essentially flatlined. Unemployment is rising gently. That's mainly because the labor force itself is shrinking. Officials actually dropped language from their January statement that described the labor market as showing, quote, signs of stabilization because it was just no longer accurate. So if …”

“one story. It's six, and maybe not the six that you think. Six different headlines, scattered, unrelated, easy to scroll pass. But every single one of them is telling you the same thing. And let me show you because you'll see it once you step back you'll see it right now you're being told stories about fraud about courts about china about crime about debt about war and they all seem separate but they are not they are one story and the story it's a story about the system itself we know quietly …”

“Now, so we're going to have you back on because this is enormously complicated. And President Trump, I mean, he's trying to fight a war. He's got everything in the world on his mind. The Senate rules are so arcane for a reason. So only a couple of senators know how it really works. So we'll follow this closely. But remember, it's you've got to fund a war. He's trying to get the Save America Act. They're trying to fund the DHS and the Democrats sitting there blocking everything. And as long as …”

“The group goes to lunch. Then David gives his presentation to a room of about 25 people. Zhen gave the talk. Of course, they raved about it, how smart he was. And they're asking questions. But David doesn't answer most of the questions because he says they touch on sensitive GE work. They're kind of probing. They're seeing how far he will go. Whether he is someone who can be induced to talk more than he should. After the presentation, Chen Feng hands David cash, $3,500. He says it's for the …”

“I don't blame other women. If I heard my situation on a different person, I would say you couldn't have known it's not your fault. But internally, it's a lot harder for me to say that to myself. I wasn being discerning enough in my opinion at that time frame with who I was willing to give a chance to And now I much more cautious and much more discerning Yeah we just have so much more practice as we get older with all things in life. As a young woman just starting out, you're operating in a …”

“Ben, we've got a couple of the war imposter that say, hey, let's march to Tehran. Let's go and hear that. Yep, sir, running for judge here in Dallas. What's your opinion on that? If you're going to commit America's finest to go out and possibly pay the highest price, we owe it to them to finish the job. As Rush Limbaugh said, peace comes after victory. And you can achieve full victory as I was taught in my military training until you have an infantryman with his rifle on the ground holding you …”

“So last thing, Sagar, before I get your reaction here, because Rory Johnston was tweeting about this. So he was warning this is a really big deal when the reports were unconfirmed. Now this Saudi Ministry of Defense, he says, now confirming that one ballistic missiles were launched at the port of Yanbu, which were intercepted. A drone has fallen on an oil refinery in Yanbu knew the lack of denial was weird not great that Iran is turning its attention to the Red Sea So we don have full …”

“Let's talk about what's going on in markets. So broaden our horizons here. It still feels like oil is the star of the show. As you said, oil markets and maybe everything on pause, like trying to figure out what's going on with the war, what's going on in the Strait of Hormuz. Update us. What is going on, David? Yeah, so we are 19 days into the Iranian war. This week, things were kind of going smoothly-ish. Things like we could start to see the end of the war. Things were starting to stabilize. …”

“In theory, again, some of the electrons that come from fuel could be replaced by other electrons, like from solar or wind or other alternative non-fossil fuel-based energies. Those take a really long time to build up. In fact, the Trump administration has blocked a lot of development that had been kind of put in place. They rescinded these tax subsidies that Biden and the Democrats had put in place. And, you know, you can argue about whether it was like the best way to do it. I don't think it …”

“And so certainly the markets today and the oil markets in particular can't try to begin to guess where they'll be a week, two weeks, even a month from now. Ben, let me let me bring you into this conversation. I thought of you so much. I mean, we've talked, but I thought of you so much over the last couple of weeks as we see some of the language that's hard to wrap your head around coming from this administration. I mean, one announcement we did see is the Pentagon is sending three more warships …”