This is Gavin Newsom - And, This Is Governor Newsom Live At The DealBook Summit With Andrew Ross Sorkin

00:00:00.000 Please welcome Andrew Ross Sorkin and his guest, Governor of California, Gavin Newsom.

00:00:08.220 Gavin Newsom is here, everybody.

00:00:10.380 Governor of California.

00:00:12.420 Hello, hello.

00:00:13.900 Governor.

00:00:14.600 Following Mr. Beast.

00:00:15.740 Following Mr. Beast.

00:00:16.980 Yeah.

00:00:17.520 I am so glad you're here.

00:00:19.240 And I just want to say the reason that I wanted you to come here more than anything else right now

00:00:23.940 is I think we're in a moment where the country is trying to figure out the politics of the country,

00:00:28.080 but in particular the Democratic Party and the future of the Democratic Party and where it all goes next.

00:00:34.620 And this governor has become perhaps one of the most vocal critics, frankly, of this president,

00:00:39.840 often mirroring his own language on social media.

00:00:42.200 We'll talk about it.

00:00:43.400 In his home state of California, artificial intelligence, of course, booming.

00:00:47.180 But you're also dealing with a crowd in Silicon Valley who's moved, I think, in other directions.

00:00:53.260 And I want to discuss all of that and in Prop 50 and everything else.

00:00:56.840 So welcome to DealBook.

00:00:59.480 Thank you for being here.

00:01:00.340 Good to be with you.

00:01:00.960 Good to be with everybody.

00:01:01.620 This is an iHeart Podcast.

00:01:04.200 Guaranteed Human.

00:01:05.920 I'm Kristen Davis, host of the podcast, Are You a Charlotte?

00:01:09.820 The most anticipated guest from season three is here, the Trey to my Charlotte.

00:01:15.940 Kyle McLaughlin joins me to relive all of the magical Trey and Charlotte moments.

00:01:20.900 He reveals what he thinks of Trey giving Charlotte a cardboard baby and why he chose not to return

00:01:28.260 to it just like that.

00:01:29.960 You listen to Are You a Charlotte?

00:01:31.500 On the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:01:36.020 What were some of the memories from your USO tours?

00:01:38.460 That nobody knew who I was and they were like, why do we have to say hello to this guy?

00:01:42.120 Recently on the Good Stuff podcast, we sat down with our friend Bradley Cooper to talk about

00:01:46.420 his deep friendship with host Jacob.

00:01:48.040 He was there when I found out that I was going to have a baby.

00:01:50.820 And how they've been there for each other through the hard times.

00:01:53.000 And I was able to sort of walk Jacob through some stuff.

00:01:56.120 I leaned on you real heavy.

00:01:57.540 I think times that you knew and times you didn't know.

00:02:00.460 Listen to the Good Stuff podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:02:06.180 This week on Dear Chelsea, Elizabeth Olsen is here.

00:02:09.400 I get nervous doing podcasts.

00:02:11.240 I get anxious that I'm going to say something that is going to offend people. 0.94

00:02:15.780 But also, who gives a s***? 0.99

00:02:17.580 That just goes to show you how silly it is. 0.99

00:02:19.980 We all have to say this over and over to ourselves. 1.00

00:02:23.620 Who gives a s***?

00:02:25.220 I find that to be so satisfying as someone who is a fearful person. 0.81

00:02:30.560 And they're kind of scared of everything.

00:02:32.800 Listen to Dear Chelsea on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:02:39.300 Hey there, Dr. Jesse Mills here.

00:02:41.240 I'm the director of the men's clinic at UCLA.

00:02:43.100 And I want to tell you about my new podcast called The Mailroom.

00:02:46.160 And I'm Jordan, the show's producer.

00:02:47.920 And like most guys, I haven't been to the doctor in way too long.

00:02:51.320 I'll be asking the questions we probably should be asking, but aren't.

00:02:54.760 Every week, we're breaking down the world of men's health from testosterone and fitness to diets and fertility.

00:02:59.820 We'll talk science without the jargon and get your real answers to the stuff you actually wonder about.

00:03:04.520 So check out The Mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows.

00:03:09.940 What up, y'all?

00:03:12.280 It's your boy, Kev on stage.

00:03:13.800 I want to tell you about my new podcast called Not My Best Moment, where I talk to artists, athletes, entertainers, creators, friends, people I admire who've had massive success about their massive failures.

00:03:26.000 What did they mess up on?

00:03:27.320 What is their heartbreak?

00:03:28.300 And what did they learn from it?

00:03:29.480 I got judged horribly. 1.00

00:03:32.080 The judges were like, you're trash. 1.00

00:03:33.940 I don't know how you got on the show. 0.99

00:03:35.540 Check out Not My Best Moment with me, Kev on stage, on the iHeartRadio app, Apple Podcasts, YouTube, or wherever you get your podcasts.

00:03:42.360 Let's start there.

00:03:44.760 Let's just start at the beginning here of the Democratic Party.

00:03:48.560 You recently declared that the Democratic Party of old is no more.

00:03:55.660 And I wanted to know what you meant by that.

00:03:58.860 I think this was in the wake of Proposition 50's win in California and, of course, the wins in Virginia and New Jersey.

00:04:05.320 But why you think the Democratic Party of old is not the same and what it looks like?

00:04:10.120 I would say it in contextual terms that we're finally back on our toes, not our back heels.

00:04:14.360 We're finally on the offense.

00:04:16.240 We're finally beginning to shapeshift and we're finally beginning to fight.

00:04:20.200 We've woken up.

00:04:21.540 And as a consequence, we're winning again.

00:04:24.020 A year ago, we were all there hand-wringing because we were a party that appeared weak, out of touch, a party that was not fighting back, was not asserting itself.

00:04:34.720 And so, from my perspective, I thought November and what it represented in New Jersey and Virginia, what it represented in many respects here, but also in Pennsylvania and Georgia and elsewhere, and certainly with Proposition 50, was demonstrable proof, including last night, that our party's now back on its toes.

00:04:50.900 And it's a party now that has gotten more enthusiasm and it's a party that I think is more unified.

00:04:57.000 Okay, but you say unified.

00:04:58.440 What does that party look like?

00:05:00.120 So, there is a wealth tax proposal in California that I think you are adamantly against.

00:05:04.320 Yes, I am.

00:05:04.940 And we have a mayor that's coming here in New York who would like to have a wealth tax if he could.

00:05:11.660 He couldn't be more diametrically opposed.

00:05:13.680 Yeah, well, I want to be a Big Ten party.

00:05:15.680 It's about addition, not subtraction.

00:05:17.920 But this idea of a unifying theory of the case.

00:05:20.360 I mean, I think we all want to be protected.

00:05:23.100 We all want to be respected.

00:05:24.220 We all want to be connected to something bigger than ourselves.

00:05:26.860 We have fundamental values that I think define our party about social justice, economic justice.

00:05:32.260 I think we recognize it's important to focus on growth but also focus on inclusion.

00:05:37.220 We have pre-distribution Democrats.

00:05:39.040 We have redistribution Democrats.

00:05:41.140 And therein lies the dialectic and therein lies the debate within the Democratic Party.

00:05:45.720 We also have Democrats that are representative of their districts, representative of the people that they represent.

00:05:52.100 So much punditry has been done about, well, is the future of the party of Mandami at the same election that occurred?

00:05:59.440 Well, is the future, hold on, of Virginia?

00:06:02.320 Is the future New Jersey?

00:06:03.860 Is the future...

00:06:04.460 So, but which is it?

00:06:05.420 And that's the question about the unifying theory question, which is you could have a big tent, but if the theories of the case are so diametrically opposed, how split and broken is the party?

00:06:15.120 Look, the party's knitting itself back together.

00:06:18.240 We got shellacked in the last election.

00:06:19.880 And there's been a lot of forensic analysis, perhaps not enough, about what happened.

00:06:25.920 Donald Trump crushed us in the last election.

00:06:27.980 And what do you think happened?

00:06:29.220 I'm up to page 28 in my analysis of what happened.

00:06:34.100 But at the end of the day, you know, I think we have to become...

00:06:37.340 Give us a couple of the pages.

00:06:38.640 No, look, I mean, you know, we could talk about why Kamala lost, which is separate.

00:06:44.840 I mean, it's part derivative of the larger narrative, but issues around inflation scars.

00:06:52.000 We don't talk enough about interest rates.

00:06:54.080 We didn't talk about incumbency.

00:06:56.380 Issues related, you just said, BV on, related to Israeli politics.

00:07:01.060 Immigration, the border in particular, you could talk about all those things, not just 107 days, not just talk about Biden's determination or lack thereof in terms of passing the baton.

00:07:09.940 But I think there's a broader narrative that we ought to address.

00:07:13.240 That is, we have to be more culturally normal.

00:07:16.700 We have to be a little less judgmental.

00:07:19.020 We have to be a party that understands the importance and power of the border, substantively and politically.

00:07:27.560 We have a party that I think needs to design and develop a compelling economic vision for the future,

00:07:33.920 where people feel included to reconcile the fact that if we don't democratize our economy, we're not going to save democracy.

00:07:41.000 And I don't think it's healthy that we have 10% of people that own two-thirds the wealth in this country.

00:07:46.300 I don't think it's sustainable practice.

00:07:48.860 The folks watching Mr. Beast, disproportionately 30-year-olds, the first generation in history not doing better than their parents.

00:07:55.180 There's some underlying issues here that have to be addressed.

00:07:58.200 We have an economy that is broken for too many people.

00:08:01.100 And I say that as someone that doesn't begrudge other people's success.

00:08:05.040 I do that as someone that believes not in redistributive policies, believes in progressive tax policy,

00:08:12.260 but is mindful that businesses can't thrive in a world that's failing.

00:08:16.860 And I think that's foundationally and fundamentally what Trump understood.

00:08:20.740 It's what people like AOC, Bernie, and Mandami understand from a narrative perspective.

00:08:25.640 But the policies that shape that, I think, will also shape the comeback for the Democratic Party.

00:08:31.020 Okay, but let me ask then about wealth taxes, because it's an easy one to discuss in certain ways.

00:08:36.560 You're not for a wealth tax in the state of California.

00:08:39.000 You can't isolate yourself from the 49 others.

00:08:42.820 We're in a competitive environment.

00:08:44.640 People have this simple luxury, particularly people of that status.

00:08:47.940 They already have two or three homes outside the state.

00:08:50.180 It's a simple issue.

00:08:51.820 You've got to be pragmatic about it.

00:08:53.140 Plus, there's some simple questions that haven't been answered very simply, is how the hell do you determine it?

00:08:59.600 Is it your mark-to-market?

00:09:00.800 Where's your asset base?

00:09:02.140 How do you make that determination in terms of just what the basic assessment is?

00:09:05.600 We have one individual that represents one labor union in the state of California that has not collected one signature

00:09:14.380 that is considering putting on the ballot after he collects signatures, a wealth tax that vast majority of labor opposes and almost everybody I know opposes.

00:09:24.560 So it's not something to be panicked about, but it's part of the broader concern and narrative that's developed in this country of the haves and have-nots,

00:09:33.840 not just income inequality, but wealth inequality.

00:09:36.300 And look, it doesn't take much.

00:09:38.280 You go back, read an old Plutarch comment.

00:09:41.180 Quote, two-plus thousand years ago, Plutarch was warning the Athenians that the imbalance between the rich and the poor

00:09:47.380 is the oldest and most fatal ailment of all republics.

00:09:52.200 It's so foundational, and it's off-kilter now, and it has to be addressed.

00:09:56.840 And that's why I talk about growth and inclusion, and I think that's-

00:10:01.040 But how do you address it if it's not for taxes?

00:10:04.040 Well, I'm around, but we can get into many issues related to affordability and reducing costs, not just subsidizing costs.

00:10:12.840 I'll give you a proof point of that.

00:10:14.100 This is not an answer, but it is a proof point.

00:10:17.760 We just came out with $11 insulin.

00:10:20.820 We're not subsidizing the cost of insulin.

00:10:23.440 We're manufacturing it, reducing costs, not subsidizing costs.

00:10:28.860 We just came out with a new strategy to provide $60 billion of utility rebates in the state of California

00:10:36.680 through our Cap and Invest program, regionalizing our grid with other Western states to lower costs,

00:10:43.720 deal with curtailment issues, create more stability on our grid to also address that issue.

00:10:49.060 As it relates to the broader issues for our party,

00:10:52.240 I believe fundamentally that our interventions come too late.

00:10:55.860 One of the things that has come too late, but I'm glad its moment is here,

00:11:00.860 interestingly, because I'm rare am I out there promoting what Ted Cruz is promoting,

00:11:06.360 but Cory Booker and Ted Cruz absolutely right in the big, beautiful bill,

00:11:10.920 these baby bonds.

00:11:12.620 That's good policy.

00:11:13.560 By the way, I did it four years ago, $1.9 billion for 3.4 million students going into kindergarten,

00:11:21.200 getting child savings accounts up to $1,500.

00:11:24.740 That's about creating opportunities for wealth.

00:11:26.560 You're talking about what some people are calling the Trump accounts.

00:11:28.900 Well, Trump is literally just, you know, vandalizing it by putting his name on it.

00:11:32.640 And we can get into broader issues there, but it's a good idea.

00:11:38.260 And, you know, all these conversations are very familiar.

00:11:40.560 People are now talking about UBI, Mincome and all that.

00:11:43.980 Now it's moved to universal basic capital and equity and sovereign wealth.

00:11:49.540 But this is the conversation we need to start having, because, again, we have got to democratize our economy.

00:11:57.440 It is the democracy cannot withstand this kind of disparity for long.

00:12:03.340 Let me ask you this.

00:12:04.080 You're talking in a very national way.

00:12:05.800 So I'm just going to go straight at it.

00:12:07.700 Politico says this about you.

00:12:10.420 The headline admitted Gavin Newsom is the 2028 front runner.

00:12:15.280 For years, Democrats and pundits have rolled their eyes at Gavin Newsom, they say.

00:12:20.820 But he's positioned better than anyone else for the future of politics now.

00:12:25.480 What do you think of that?

00:12:26.680 I assume you'd like that.

00:12:27.940 Trying to sell links to Politico is what it sounds like.

00:12:31.500 Look, I'm humbled by that because it's rather remarkable.

00:12:36.520 You were counted out.

00:12:38.060 Yeah, well, fine.

00:12:39.200 Most of my life I have been.

00:12:40.600 I'm a 960 SAT guy.

00:12:44.060 You know.

00:12:45.280 So I'm used to it.

00:12:49.700 But you know what?

00:12:51.040 I'm trying to meet this moment, and I'm trying to be accountable to this moment.

00:12:55.200 I'm not thinking.

00:12:56.400 I know there's a lot of speculation about the future.

00:12:59.280 And I said to someone who asked me directly, he said, have you ever thought about it?

00:13:02.560 I said, I'd be lying. 0.68

00:13:03.360 I hate those politicians.

00:13:04.680 So I haven't thought about the future in that respect.

00:13:07.440 How much are you thinking about it?

00:13:08.980 Not to the degree that you think.

00:13:12.540 And perhaps others that are more cynical.

00:13:17.200 People, I really, I'm serious about this.

00:13:20.120 For me, it was all about 2025.

00:13:24.140 It was about finding fire with fire.

00:13:26.460 It was about being accountable, not just rhetorically, but substantively, to address what Donald Trump is trying to do to this country.

00:13:32.200 He's trying to wreck this country.

00:13:33.220 He tried to do that on January 6th.

00:13:34.940 Tried to light democracy on fire.

00:13:36.400 He dialed for votes down there, said, find me 11,000, 12,000 votes with the Secretary of State in Georgia.

00:13:42.700 He did the same thing when he said he's, quote, unquote, entitled to five seats when he called Greg Abbott.

00:13:47.540 He's trying to rig the midterm elections in 2026 before one vote is cast.

00:13:52.580 And what he expected is California would sit back, maybe work to write an op-ed, hoping that the New York Times would run it, to say what a terrible thing this is.

00:14:03.440 They did not and he did not expect us to go out and raise $118 million over a 90-day period and put our independent redistricting commission on a new status for three-year temporary and transparent new maps in order to counter what happened in Texas.

00:14:21.540 That is critical.

00:14:23.260 What's also critical is 2026.

00:14:26.000 You will not have, and I don't, you know, I imagine half of you may just roll your eyes.

00:14:30.720 I believe this in my core of my heart.

00:14:32.120 You will not have a free and fair election as we know them today in the United States of America if Speaker Jeffries is not sworn in a year plus from now.

00:14:41.900 I really believe that.

00:14:43.720 Sure, there will be elections.

00:14:45.680 Competitive authoritarians love elections.

00:14:48.920 Putin, I think, got 87.3%.

00:14:51.580 The runner-up was 4.3%.

00:14:54.680 That's what I mean by competitive authoritarianism.

00:14:57.180 Ask folks in Hungary and Orban what's going on in Turkey.

00:15:00.500 That's the model for Trump.

00:15:02.280 I don't think that.

00:15:03.020 I know that on the basis of a lot of evidence in fact.

00:15:06.540 I saw, in fact, examples of that the day of our election just a few weeks ago where Donald Trump set out BORTAC teams, border patrol tactical units to Dodger Stadium to chill free expression, to chill election turnout.

00:15:21.900 He said the day of the election before one vote was cast, he said this was a rigged election, sent out his DOJ with no basis, no business to being there for a state ballot.

00:15:31.720 He sent Greg Bovino and his secret police that seemed to have taken an oath in office to him, not the Constitution of the United States, to our campaign kickoff at the Democracy Center to chill participation in our rally.

00:15:46.540 And he federalized 4,000 National Guard and sent 700 active duty Marines, not overseas, but to the second largest city in America.

00:15:56.480 And they're still, our federalized guard, still there.

00:16:01.520 Wake up to what is going on in this country.

00:16:04.320 It is code red.

00:16:05.140 And I'm sure a lot of you are fine with it because a lot of people have figured it out.

00:16:10.540 They know the game.

00:16:11.840 State capitalism, crony capitalism, the great grift.

00:16:15.720 A lot of you are doing extraordinarily well.

00:16:18.400 But one of the things I'm trying to do better is express my concern, highlight that with more conviction and clarity,

00:16:26.140 and also reinforce that we're about to walk into the 250th anniversary of the best of Greek democracy in the Roman Republic,

00:16:36.480 this historic values of our founding fathers in 2026.

00:16:41.080 And it's all on the line.

00:16:43.740 And so I'm standing on that line, and we're trying to push back.

00:16:47.800 Let me ask you this.

00:16:48.180 And I think we're making progress.

00:16:49.580 I had asked readers of DealBook if they had questions for you.

00:16:57.160 And here's a good one that came in that actually matches the conversation I think you were just having,

00:17:02.720 and this relates to Prop 50.

00:17:04.580 This question came in and said,

00:17:06.680 How is California's gerrymandering exercise with the full support of the governor anything but a slippery slope?

00:17:15.500 Aren't there other solutions?

00:17:17.480 Are there?

00:17:17.900 We can hold hands, have a candle-eyed visual. 1.00

00:17:22.380 I mean, that's the damn Democratic Party. 1.00

00:17:24.900 That goes to your first question. 1.00

00:17:25.960 But I assume you're against gerrymandering.

00:17:27.980 Not only am I against it, I was one of its champions for independent redistricting.

00:17:32.060 And that's why I required in this ballot initiative that we affirm our desire to have national independent redistricting.

00:17:39.340 And by the way, the voters overwhelmingly supported that.

00:17:41.500 But a temporary response to an emergency of Donald Trump's making was appropriate.

00:17:49.060 We maintained the independent redistricting commission.

00:17:51.460 We still maintain the independent districts for everything but three elections for Congress.

00:17:58.100 And then it reverts back to its original form.

00:18:00.560 Final point.

00:18:01.560 These were the first maps in U.S. history to go on the ballot.

00:18:05.780 Talk about transparency.

00:18:07.540 Talk about democracy.

00:18:09.220 Compare that to the maps that were drafted and are currently being drafted in Mar-a-Lago,

00:18:13.980 up there in Indiana, in Missouri, in North Carolina, and will be done quite literally in Mar-a-Lago when DeSantis gets his arms around them.

00:18:22.820 That's the contrast.

00:18:24.540 And again, we had to fight fire with fire.

00:18:26.880 It's not one hand tied behind our back.

00:18:29.200 We're trying to win an argument.

00:18:31.060 These guys are consolidating power.

00:18:32.120 Let me ask you about fire.

00:18:32.940 That's the difference.

00:18:33.800 Let me ask you about fire with fire.

00:18:34.860 You have taken to trolling Trump and really using his words.

00:18:38.100 I want to just read you.

00:18:39.020 This is a post on November 28th from you.

00:18:42.320 From me. 0.99

00:18:42.700 Happy holidays to everyone except the seriously demented piggy who turned the Oval Office into a revolving door for grifters and crooks. 0.99

00:18:50.640 You go on to say this clown slapped tariffs, attacks on the working man. 0.99

00:18:55.880 You go on to say that his dimwit Avengers, including Cash Money Patel, Dumb Dumb Pete, Cosplay Christie, and you go on and on and on. 0.99

00:19:06.180 And my question to you is about this rhetoric. 0.90

00:19:08.460 Because you have been very critical of the way the president has spoken and the rhetoric of this president.

00:19:14.620 And here you are using the exact same rhetoric.

00:19:19.000 I need to wake everybody up.

00:19:21.280 This is normalization of deviancy.

00:19:23.660 And it was becoming socialized, normalized.

00:19:26.960 You got Pravda, the propaganda networks out there, the primetime lineup at Fox just going on and on and on.

00:19:32.520 You call someone the R word or piggy and somehow it's just Trump being Trump.

00:19:36.660 There's nothing normal about this.

00:19:38.120 He's a man child. 0.99

00:19:40.000 It's unbecoming of the president of the United States.

00:19:41.880 He's dressed up as the pope.

00:19:44.460 He's acting like he's Superman.

00:19:46.000 This is not normal.

00:19:46.980 He's putting his face on Mount Rushmore.

00:19:49.400 He sends these alt-week caps.

00:19:51.080 These are verbatim.

00:19:52.140 What he's doing.

00:19:52.680 I tried to put a mirror up to what the hell is going on in this country.

00:19:57.100 This is not normal behavior.

00:19:59.460 And you know what?

00:20:00.700 I appreciate that.

00:20:03.740 And it's working in this respect.

00:20:06.460 You know what was most offended?

00:20:07.460 I think there were 11 to 15 Fox News pieces on this.

00:20:12.340 Disgusted they were.

00:20:14.060 Newsom's wife, who's here, thank you, Jen, she should wash his mouth out with soap saying about me for these tweets. 1.00

00:20:21.660 Without any situational awareness, they haven't said a damn word about the president of the United States. 0.89

00:20:26.980 So, look, I think you had Mr. Beast on. 0.69

00:20:29.920 I love that he was just on.

00:20:31.060 He's all about communication.

00:20:33.760 He's all about attention.

00:20:35.480 Trump is an exceptionally gifted communicator.

00:20:38.480 Terrible order.

00:20:40.160 Exceptionally gifted communicator.

00:20:42.060 And repetition matters.

00:20:44.040 And what I'm trying to parrot is an iterative style.

00:20:48.180 Put that mirror up, but also test some theories.

00:20:52.000 And I, forgive me, I think it's working a little bit.

00:20:57.420 And not all of these, there's a kill switch for me.

00:21:01.320 Not every one I write.

00:21:02.040 Well, I was going to say, what is the kill switch?

00:21:03.480 But not all of them.

00:21:04.440 Sometimes, yeah, I don't know what happens.

00:21:05.860 But you're selling, you said coming soon, you're selling new knee pads for all CEOs, universities, and GOP bending the knee to Donald Trump.

00:21:16.440 And you're actually selling these knee pads.

00:21:17.980 Well, we raised hundreds of thousands of dollars.

00:21:22.040 By the way, they're available today.

00:21:28.740 By the way, some of you may need to buy them in bulk.

00:21:33.160 But we have the new Trump Signature Series knee pads on my Patriot site, which is an actual real site.

00:21:40.320 I encourage you, if you're bored, to Google it right now.

00:21:43.500 And they were sold out, just like our universities were selling out, just like our law firms were selling out, just like a lot of CEOs were selling out.

00:21:51.300 Selling out this country, our future, our republic.

00:21:55.000 Selling out my kids, your grandkids.

00:21:57.820 So there's method to it.

00:21:59.860 And, I mean, it breaks my heart to see these law firms sell out like this.

00:22:03.540 Breaks my heart to see.

00:22:04.600 I mean, President Xi is out there going, my gosh, Trump's flattery.

00:22:10.620 I mean, 10% of Intel, 15% at AMD, 15% at NVIDIA, MP Materials, Golden Shares, U.S. Steel.

00:22:19.240 Well, what the hell happened to free enterprise, a healthy horse pulling a sturdy wagon?

00:22:24.220 What's going on with this country?

00:22:26.300 What's going on with a country that President of the United States shows up, but the one group that shows up before him are members of his family to make sure they get the golf course approved.

00:22:34.100 To use the tariffs is leveraged to get personal deals done.

00:22:36.840 Towers, three or four different countries.

00:22:39.580 What is the one thing that has in common all his trips overseas?

00:22:43.200 This meme coin, the crypto scam, the pardons on a daily basis, it seems.

00:22:49.560 This is not America.

00:22:52.080 It's not the America I grew up in.

00:22:53.780 It's not the America I want my kids growing up in.

00:22:56.440 So we got to call this out.

00:22:58.120 And I know it's painful for some because, you know, you know, to be called out and I don't mean to be a fan.

00:23:04.120 I'm not I don't want to be this guy, but it disgusts me.

00:23:07.740 And so I thought the knee pads were appropriate.

00:23:13.000 Hey there, Dr. Jesse Mills here.

00:23:15.240 I'm the director of the men's clinic at UCLA Health.

00:23:17.720 And I want to tell you about my new podcast called The Mailroom.

00:23:20.480 And I'm Jordan, the show's producer.

00:23:22.760 And like a lot of guys, I haven't been to the doctor in many years.

00:23:26.800 I'll be asking the questions we probably should be asking, but aren't.

00:23:30.320 Because guys usually don't go to the doctor unless a piece of their face is hanging off or they've broken a bone.

00:23:35.260 Depends which bone.

00:23:36.640 Well, that's true.

00:23:37.860 Every week we're breaking down the unique world of men's health. 1.00

00:23:40.880 From testosterone and fitness to diets and fertility and things that happen in the bedroom.

00:23:46.840 You mean sleep?

00:23:48.020 Yeah, something like that, Jordan.

00:23:49.240 We'll talk science without the jargon and get you real answers to the stuff you actually wonder about.

00:23:54.880 It's going to be fun, whether you're 27, 97, or somewhere in between.

00:23:59.400 Men's Health is about more than six packs and supplements.

00:24:01.920 It's about energy, confidence, and connection.

00:24:05.260 We don't just want you to live longer.

00:24:07.120 We want you to live better.

00:24:08.700 So check out The Mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows.

00:24:14.940 I'm Kristen Davis, host of the podcast, Are You a Charlotte?

00:24:18.740 The most anticipated guest from season three is here, the Trey to my Charlotte.

00:24:25.580 Kyle MacLachlan joins me to relive all of the magical Trey and Charlotte moments.

00:24:31.160 He reveals what he thinks of Trey giving Charlotte a cardboard baby.

00:24:36.060 Why would I bring her a cardboard baby? 0.93

00:24:38.100 I was literally, I was like, this doesn't track for me at all.

00:24:41.960 When he found out Trey's shortcomings.

00:24:44.280 I'm kind of excited.

00:24:45.040 I'm talking about, you know, I think he's, he's a guy who spends time in Central Park.

00:24:47.720 You know, he's probably, you know, he'll do some surgery stuff, you know.

00:24:50.400 And I was like, all this kind of stuff going on.

00:24:52.300 And they were like, yeah, yeah, yeah, fine.

00:24:53.680 And they said, but he's impotent.

00:24:55.840 And I was like, he's impotent.

00:24:57.360 And why he chose not to return to And Just Like That.

00:25:01.000 They came and presented an idea.

00:25:02.780 And I was like, I get, I see it.

00:25:04.600 It's so kind of a one joke idea.

00:25:06.780 You don't want to miss this.

00:25:08.520 Listen to Are You a Charlotte?

00:25:10.280 On the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:25:15.200 This week on Dear Chelsea, Elizabeth Olsen is here.

00:25:18.700 Would you consider yourself a serious actress?

00:25:21.060 Yeah, I'm very serious, but I'm very playful.

00:25:22.920 So I guess I take myself seriously a little bit.

00:25:26.220 But I also don't take the job of being like an actor very serious.

00:25:29.800 Like the other elements that come with it.

00:25:32.280 Like what?

00:25:33.200 Like speaking.

00:25:35.820 As myself.

00:25:38.060 Talk to me about journaling.

00:25:39.540 How did you get into the practice of journaling?

00:25:41.900 I don't know.

00:25:42.240 I just started doing it every morning three years ago, along with jumping naked into my

00:25:45.740 pool.

00:25:46.820 Do you do that every morning?

00:25:48.000 Yeah, I do.

00:25:48.940 Oh my God, I love this.

00:25:50.840 It's just, yeah, I don't heat it.

00:25:52.060 Sometimes it's not that cold.

00:25:53.860 But I love swimming naked so much.

00:25:56.300 I make coffee.

00:25:57.380 While it's being made, I jump in the pool.

00:25:59.480 I do 80-year-old calisthenics afterwards to warm up my body.

00:26:05.540 Listen to Dear Chelsea on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:26:12.240 What were some of the memories from your USO tours?

00:26:14.860 That nobody knew who I was, and they were like, why do we have to say hello to this guy?

00:26:19.180 Recently on the Good Stuff Podcast, we sat down with our friend Bradley Cooper to talk

00:26:23.460 about family.

00:26:24.280 What is the good stuff to you?

00:26:26.280 I mean, of course it's my daughter.

00:26:27.740 His deep friendship with host Jacob.

00:26:29.440 He was there when I found out that I was going to have a baby, which was incredible.

00:26:33.200 I remember that.

00:26:34.700 You showed me the picture, you're like, what's that mean?

00:26:36.960 And I was like, oh my God.

00:26:39.420 Did you ever tell the Clint Eastwood story on this?

00:26:41.340 Which one?

00:26:42.660 Well, the handcuff.

00:26:43.900 Oh, dude.

00:26:44.620 And how they've been there for each other through the hard times.

00:26:46.980 You know, I've been lucky enough to have dealt with some issues early on, you know, relatively

00:26:51.300 early on in my life.

00:26:52.460 And I was able to sort of walk Jacob through some stuff.

00:26:56.140 Yeah, next month I'll be eight years clean and sober.

00:26:58.760 You were a big time part of that.

00:27:01.980 I leaned on you real heavy.

00:27:03.340 I think times that you knew and times you didn't know.

00:27:06.160 Listen to the Good Stuff podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your

00:27:11.200 podcasts.

00:27:13.880 What up, y'all?

00:27:14.760 It's your boy, Kev On Stage.

00:27:16.180 I want to tell you about my new podcast called Not My Best Moment, where I talk to artists,

00:27:21.020 athletes, entertainers, creators, friends, people I admire who had massive success about

00:27:26.980 their massive failures.

00:27:28.400 What did they mess up on?

00:27:29.720 What is their heartbreak?

00:27:30.640 And what did they learn from it?

00:27:32.280 I got judged horribly. 1.00

00:27:34.740 The judges were like, you're trash. 1.00

00:27:36.600 I don't know how you got on the show. 1.00

00:27:38.340 Boo.

00:27:38.800 Somebody had tomatoes.

00:27:39.780 No, I'm kidding.

00:27:40.420 But if they had tomatoes, they would have thrown the tomatoes. 0.93

00:27:43.120 Let's be honest.

00:27:43.960 We've all had those moments we'd rather forget.

00:27:46.720 We bumped our head.

00:27:47.700 We made a mistake.

00:27:48.680 The deal fell through.

00:27:50.200 We're embarrassed.

00:27:51.520 We failed.

00:27:52.660 But this podcast is about that and how we made it through.

00:27:55.940 So when they sat me down, they were kind of like, we got into the small talk and they

00:28:00.280 were just like, so what do you got?

00:28:01.300 What ideas?

00:28:02.000 And I was like, oh, no.

00:28:04.000 What?

00:28:05.240 Check out Not My Best Moment with me, Kevin on stage, on the iHeartRadio app, Apple Podcasts,

00:28:10.500 YouTube, or wherever you get your podcasts.

00:28:12.720 Let me ask you a related question.

00:28:15.240 President Trump on his website is selling hats that say 2028 on them.

00:28:21.120 Do you believe that he has any ambition to be the president beyond 2028?

00:28:29.000 Well, ambition, yes.

00:28:32.620 But I think he recognizes time of life is catching up with him, even though he can't

00:28:39.700 remember exactly why he went in for an MRI.

00:28:44.220 And so I think his regime will be measured in years, not decades.

00:28:49.800 God forbid he was 10, 20 years younger.

00:28:52.360 That would, I don't believe, be the case.

00:28:54.440 I take Steve Bannon quite literally.

00:28:56.100 I take him at his word on this.

00:28:58.060 By the way, I had Steve on my podcast.

00:29:01.600 I was in the Oval Office, incidentally, just as an aside, with President Trump a few months

00:29:05.740 ago.

00:29:06.280 I think I was one of the first Democrats to sit down with him, almost 90 minutes.

00:29:09.540 And one of the things, I'm sitting there at the resolute.

00:29:12.160 He turns, he says, hey, who's that behind you?

00:29:14.780 I said, I thought it was someone walked in.

00:29:16.380 It was a beautiful oil painting of FDR.

00:29:19.760 And I literally looked and I went, oh, God, here we go.

00:29:23.200 I said three terms.

00:29:24.220 He goes, no, what about four?

00:29:25.880 He's trolling everybody, but he's also bringing world leaders in to give them the 2028 hat.

00:29:32.140 Heck, this is how serious he was about avoiding the government shutdown, that he not only canceled

00:29:37.600 the meetings with Jeffries and Schumer, felt pressure to get the meeting back on.

00:29:43.760 And what did he do?

00:29:44.600 He didn't invite the press in.

00:29:46.200 He just had a photo with the 2028 hat to troll them on the desk.

00:29:52.580 So I take him more seriously than most.

00:29:55.600 But for me, what I worry about, again, is his ability to manipulate the 2028 election.

00:30:04.200 2028 election?

00:30:05.220 2028, even though he's not on the ballot.

00:30:07.780 That's why it's so important that we win the House of Representatives in 2026.

00:30:13.340 It is foundational.

00:30:15.140 What do you think he's going to do?

00:30:16.760 What is he going to do?

00:30:17.900 He's pay attention.

00:30:20.980 We've seen him.

00:30:21.940 He's put America in reverse.

00:30:23.280 He wants this to bring us back to pre-1960s world.

00:30:25.680 We've seen it across the spectrum.

00:30:27.340 And that's not atypical.

00:30:28.820 Republicans, broadly, have been in support of that agenda.

00:30:31.200 But he's doing it with more ferocity and voting rights, civil rights, LGBTQ rights, women's

00:30:36.240 rights and the like.

00:30:36.940 But when it comes to the issues of voter ID, when it comes to the issues of voter integrity,

00:30:40.760 when it comes to the issues of masked men being in and around polling places, when it

00:30:46.640 comes to the issue, as he's doing in January, quick response teams.

00:30:51.060 Did you pay attention to this?

00:30:52.580 He announced quick response teams in every state in the United States of America so that

00:30:57.580 he can federalize the National Guard.

00:30:59.980 Think about that as we come to the elections in 2026.

00:31:04.880 It's a series of things.

00:31:07.080 It's not one thing he's doing, getting rid of vote by mail.

00:31:10.820 It's a series of things that concern me.

00:31:14.880 And that stacking creates a lot of stress from my perspective.

00:31:18.240 Let me ask you a different question, which is, for a very long time, people specifically

00:31:22.620 actually in Silicon Valley were very supportive of you.

00:31:25.300 And they were very supportive of Democrats.

00:31:26.900 And they were very supportive of California.

00:31:28.760 And there has been a big move of foot, as you know, out of the state, either out of

00:31:35.680 the state or at least their politics have shifted markedly.

00:31:39.620 So you may have Sam Altman or Mark Zuckerberg in your state, but effectively, they are also

00:31:48.620 at the state dinner with this president.

00:31:51.520 What do you think has happened here?

00:31:53.240 Well, they all moved back into the state.

00:31:54.760 I mean, I live in a state with 32 of the top 50 market cap AI companies, I mean, in

00:32:00.860 the Bay Area, almost dominantly, disproportionately.

00:32:03.120 We dominate in fusion, quantum.

00:32:04.640 We dominate in robotics.

00:32:05.840 We dominate in space.

00:32:07.040 We dominate in all these future technologies, including R&D and nuclear.

00:32:12.140 And of course, we have 18% of the world's R&D in my state.

00:32:15.240 Germany, about 21%.

00:32:17.540 China, 22%. 0.88

00:32:18.820 We're 18% of the world's R&D.

00:32:20.680 You saw Tesla move their world R&D headquarters into Silicon Valley at HP Enterprises' old

00:32:27.780 headquarters.

00:32:29.180 This is after Elon had left originally.

00:32:31.340 But all he left with was a bag of cash so he can avoid capital gains.

00:32:37.380 I mean, he continued to grow Tesla.

00:32:39.200 In fact, you can go and watch the press conference we had a few months later when he brought the

00:32:43.460 R&D headquarters back, where he made the case we've added 10,000 jobs from Tesla since

00:32:48.560 we, quote, unquote, moved the company.

00:32:49.960 So what is your relationship, by the way, what's your relationship like with these people

00:32:52.940 now?

00:32:54.440 And how do you keep them in your state, and yet they're on the other side of your own 0.77

00:32:59.020 politics?

00:33:00.440 They are and they aren't.

00:33:03.500 It's very situational with a lot of these guys.

00:33:06.240 A lot of the folks that well-described move towards Trump, sort of the Sachs types, watch

00:33:12.120 that space.

00:33:13.980 You say watch that, what do you mean?

00:33:15.160 New York Times did a masterpiece.

00:33:18.320 It was a masterclass analysis.

00:33:21.000 Talk about just self-dealing.

00:33:23.500 Come on.

00:33:24.560 I mean, cryptos are, I mean, all in podcasts, by the way, is, you know, great podcast, not

00:33:30.320 a knock.

00:33:30.760 But his, you know, one of his co-hosts is in business with Trump Jr., who's in business

00:33:37.420 with Laura Ingram on a new SPAC.

00:33:41.460 They go so well.

00:33:43.340 None of this is normal.

00:33:44.920 They announced the big AI deal at the All In podcast.

00:33:49.180 I mean, this is a different level of griff than we've ever experienced in our lifetime. 1.00

00:33:54.800 And I say this about-

00:33:57.000 Let me ask you one question.

00:33:57.620 But I say this, those guys were already on the spectrum, libertarian spectrum, already.

00:34:03.060 A lot of these guys were already there.

00:34:06.060 Most of the other folks, I think it's a little bit more, I don't want to say the word transactional,

00:34:14.300 but as fiduciaries, I guess I'll be kind.

00:34:17.560 Okay, let me ask you-

00:34:18.220 They are doing what they feel they need to do.

00:34:21.240 So I don't see it as a big shift, as perhaps others do.

00:34:26.660 And that's on the basis of very close relationships, as you suggest, going back decades.

00:34:30.760 So let me ask you a question, because you mentioned David Sachs.

00:34:32.380 The New York Times had a big piece about David Sachs.

00:34:34.440 A lot of folks in the Valley thought that David Sachs is doing a great thing by being in this

00:34:39.960 role.

00:34:40.600 And this is one of these roles.

00:34:41.940 I'm just going to give you the position.

00:34:42.940 I'm curious what your take is.

00:34:44.760 The argument is that if you're going to have experts in these fields, invariably there are

00:34:49.720 going to be some kinds of conflicts.

00:34:52.160 Do you think it's been done better before?

00:34:55.160 I ask because there are people who go back and look at people who were Democrats.

00:35:00.420 By the way, a lot of people in Google land and lots of other parts of Silicon Valley that

00:35:05.100 were very close to the Obama administration years ago.

00:35:08.960 And people had said that they were too close.

00:35:10.860 And I don't know if you think that that's a fair question or you think that they're even

00:35:13.540 in the same league.

00:35:16.260 I'm not going to look.

00:35:18.300 If you're suggesting that, I just want to be careful about this notion of sort of, you

00:35:26.840 know, equivalency.

00:35:28.740 There's nothing equivalent about what's going on in the United States right now as it relates

00:35:33.720 to crony capitalism and self-dealing, period, full stop.

00:35:37.640 And I mean, we can get into the $230 million demand on the DOJ.

00:35:41.780 We can get into the $400 million Qatari jet that includes a billion dollars of your money

00:35:45.960 where we cut food stamps to pay for a billion dollars to retrofit that $400 million plan.

00:35:50.940 We can get to the cryptos and the min coins.

00:35:52.700 We can get to the resorts and the towers and the golf courses.

00:35:55.260 We can get into the children of all of these guys from, I mean, from Whitcoff, 32-year-old

00:36:00.600 AI czar who had no experience and rather cryptozar in his own right, the $2 billion, the Binance

00:36:07.260 pardon, all this.

00:36:08.600 This is a different level.

00:36:10.080 If you want to compare that to someone who resigns or takes a leave of absence from Google

00:36:15.780 to work on open source for the Biden administration or the Obama administration, I think that's

00:36:24.220 not the same thing.

00:36:25.820 What I'm arguing for, David's a very bright guy.

00:36:28.460 I'm not naive about that, but what the New York Times highlighted was the conflicts at

00:36:33.380 a scale.

00:36:34.480 He hasn't done a blind trust.

00:36:36.060 He hasn't pulled away from all of these investments.

00:36:39.520 And I just think there needs to be levels of ethics that are demanded of these leaders.

00:36:46.180 I want that expertise.

00:36:47.300 I'm with you on that.

00:36:49.260 That said, there's so much self-dealing and that entire ecosystem has benefited from it.

00:36:54.900 California has benefited from it, but I do not think it's healthy for capitalism, and

00:37:00.660 I do not think it's healthy for free enterprise.

00:37:03.060 Let me ask you a question about your own prospects outside of California.

00:37:07.360 California, like New York, is not always the most beloved state by the rest of the country.

00:37:14.500 And they look at some of these states as aberrations or on the ends.

00:37:20.960 They physically are on the ends of the country.

00:37:22.760 And I wonder when you look at your own prospects, I think it's clear that your ability to communicate

00:37:30.180 is one of your great attributes.

00:37:32.840 But there's a lot of people who would look in California, and they look at the debt in

00:37:37.240 California.

00:37:38.440 They look at some of the issues that have taken place with, you know, the homeless, which you

00:37:44.220 know about.

00:37:44.900 Housing costs, homeless.

00:37:45.560 Prop 47, housing costs and the like, and companies and others leaving the state.

00:37:50.860 And they look and go, you know what?

00:37:52.560 If we're going to have a guy managing the country, California is not the example we want to follow.

00:37:56.700 Well, I mean, we're one from the sixth largest economy, the fourth largest economy, $4.1 trillion

00:38:02.160 a year.

00:38:03.500 We have more Fortune 500 companies than we've ever had in the last two decades.

00:38:08.180 Went from 48 to now, or 49 now to 58 Fortune 500 companies.

00:38:13.780 You brought up Sam Altman a moment ago, the largest market cap private company in world history.

00:38:19.420 He decided just a few weeks ago, we're at a headquarter in the state of California.

00:38:23.940 More scientists, engineers, more Nobel laureates, venture capital, over $106 billion this year,

00:38:30.560 68% of that invested back into the state of California.

00:38:35.260 Finest system of higher education in the world, a conveyor belt for talent like no other.

00:38:40.740 I mentioned the R&D investments.

00:38:43.120 The future happens in my state first, where America's coming attraction.

00:38:46.760 That said, I also will reinforce the obvious.

00:38:49.520 We're also the dominant manufacturing hub in the United States of America.

00:38:52.820 $405.6 billion, 13.9% of the U.S. manufacturing.

00:38:58.280 Compare that to Ron DeSantis, 2.8% in Florida.

00:39:02.440 We're the dominant ag state, $62.1 billion, forestry, hunting jobs, ag jobs.

00:39:08.340 You talk about farmers and ranchers.

00:39:10.220 You're talking about my home state of California.

00:39:12.880 The state of California has seen population increase.

00:39:15.920 We had a treasury secretary here who needs to actually get some facts. 0.95

00:39:19.840 You challenged him on some.

00:39:21.040 California saw a population increase last year of 108,000, 105,000 the prior year, 49,000 the prior year.

00:39:27.860 Before that, you've got to update your talking points.

00:39:30.580 There's California derangement syndrome.

00:39:34.260 It really is.

00:39:35.620 And I'm pretty proud of it.

00:39:37.520 And I'm also proud of the fact that in the spirit of New York Times and the abundance agenda

00:39:41.940 and the good work that Ezra is doing, we've never tackled our housing crisis more aggressively than we tackled it this last year.

00:39:50.280 We've never tackled our homeless and mental health crisis more than we have in the last few years.

00:39:55.080 There's 0.45 percent increase, less than 1 percent in unsheltered homelessness.

00:40:00.020 Forty other states saw significantly higher increases in homeless.

00:40:03.580 I'm not happy about that, but we're finally making progress.

00:40:07.300 So in many ways, I think there's a story to tell, and I'm not arguing for my own case,

00:40:15.640 but it's a story that I think a lot of Californians are proud to tell.

00:40:18.860 I wanted to go back to your – you've mentioned grift a couple of times

00:40:23.040 and corporate leaders doing things to placate what you think of as this administration.

00:40:29.780 You mentioned law firms and others.

00:40:31.700 I talked to Secretary Scott Besson earlier this morning.

00:40:34.040 We were talking about David Ellison in Paramount.

00:40:35.940 It's a deal, by the way, that would likely happen in your state, depending on what ultimately happens.

00:40:40.000 I don't know if you want to go see Rush Hour 4 or not, if that's on your –

00:40:43.440 I like one, two, and three, so I'm a Chris Tucker fan.

00:40:47.620 But my question to you is, do you blame the businesses for trying to curry the favor,

00:40:56.580 or do you blame the administration or the other political party for incentivizing

00:41:03.500 or creating this opportunity if you think that's the case?

00:41:07.480 Look, I think Trump has dotted up.

00:41:09.960 You've got to kiss the ring, the fealty to the dear leader, the likes of which we've never seen.

00:41:15.940 And this guy sees himself as a kid.

00:41:18.080 But if you were Tim Cook – and I'm serious – if you were Tim Cook, under the circumstances –

00:41:22.740 and he's in your state – under the circumstances he is in,

00:41:26.500 which is he manufactures a lot of stuff in China, worried about the tariffs.

00:41:31.760 And he was able to make a phone call that no small business in my state could have made.

00:41:36.280 I mean, how about my farmers and ranchers in California?

00:41:38.440 How about all these small, medium-sized businesses that can't pick up the phone

00:41:41.300 and get an exemption on their tariffs?

00:41:44.020 So, yeah, it breaks my heart a little bit.

00:41:46.220 That's a version of crony capitalism.

00:41:47.840 That is, by definition, crony capitalism.

00:41:49.980 It is the definition of it.

00:41:53.160 But what does he – back to the generous analysis.

00:41:58.060 That's called being a fiduciary, doing what he needs to do on behalf of his shareholders.

00:42:02.660 That's his job.

00:42:03.440 So, do I begrudge that?

00:42:05.840 Yes.

00:42:06.240 But do I begrudge him?

00:42:07.580 Not as much.

00:42:10.000 But what I do begrudge is the tone and tenor that this administration has set

00:42:17.520 and the expectations they've set that if you don't do the bidding,

00:42:21.960 you don't write the check, you don't get the contract.

00:42:25.660 Directing contracts, changing procurement, sole source on this, sole source that.

00:42:29.900 This is a different level than we've ever seen in the past.

00:42:34.500 Some would argue, okay, it's just more transparent, BS.

00:42:37.560 It's at a different scale than we've seen in the past.

00:42:41.560 And for those that are complicit and participatory in that,

00:42:45.580 beyond their fiduciary responsibility, that's where I have a real problem.

00:42:50.380 We talked to Dario Modi today, and we also talked to Mary Barra,

00:42:53.740 and you're going to see a connection between the two in just a moment.

00:42:56.360 One of the things that's fascinating in the AI space is that there are states,

00:43:00.900 including California, that would like to regulate artificial intelligence, as you know.

00:43:07.900 And for a very long time, California regulated fuel standards, efficiency standards.

00:43:14.640 Well done.

00:43:15.120 You see how we're connecting these two?

00:43:16.380 I'm impressed with you.

00:43:17.100 Okay.

00:43:17.720 That's why you're interviewing me.

00:43:19.020 And here we are, and it's interesting.

00:43:22.300 I think if you're the governor of the state, you might say to yourself,

00:43:25.760 states' rights, we want to do this, this way.

00:43:27.820 If you become the president of the United States, do you want to do it federally?

00:43:34.460 Well, there was a president...

00:43:35.040 And what's the better approach?

00:43:37.280 There was a president of the United States by the name of Ronald Reagan,

00:43:41.020 whose approach was, in 1967, to advance an effort to regulate tailpipe emissions.

00:43:49.240 Created the California Air Resources Board.

00:43:50.980 It was codified by the Clean Air Act in 1970 by Republican Richard Nixon.

00:43:55.540 Did so in response to the smog crisis in Los Angeles.

00:43:59.460 Businesses leaving, people leaving.

00:44:01.240 They couldn't do business in my home state.

00:44:03.500 And so they began the modern environmental movement,

00:44:05.680 particularly as it relates to issues of emissions.

00:44:08.660 What Mary did, with respect, I say this, is I've worked with her in the past.

00:44:13.780 She worked behind our back to work with Republicans in Congress and Trump to gut that leadership going back to Ronald Reagan through a process called CRA with Senator Thune. 0.93

00:44:28.480 And she lied about it.

00:44:31.200 She worked behind our back to gut that. 1.00

00:44:33.800 Today, she or her representatives are back in the Oval Office today celebrating the fact they're going to increase costs for fuel

00:44:47.200 and increase subsidies for polluters by rolling back Joe Biden's fuel efficiency standards, celebrated by big oil that just got $18 billion in subsidies, big oil and gas,

00:45:03.400 in the big beautiful bill, that will put us further behind our number one competitor, China, in terms of a global market.

00:45:13.920 And so I'm not happy about that as a Californian.

00:45:16.940 But if someone just came back from Belém, came back from COP, and everywhere you went there was a BYD, I mean, these guys are flooding the zone.

00:45:25.760 China understands the opportunity.

00:45:27.840 It's about markets, it's about supply chains, and it's about influence.

00:45:32.000 They're doing it in Latin America, South America, increasingly in Europe. 1.00

00:45:35.620 And we are doubling down on stupid here in the United States. 0.98

00:45:40.500 70% of the EV market is coming out of China now. 0.98

00:45:45.640 They're 3x the manufacturing of automobiles that we are in the United States of America, about 31-plus million vehicles to our 10.

00:45:52.380 And it's the tech stack where they're dominating.

00:45:55.080 It's batteries, it's software, it's the future, it's mobility.

00:46:00.440 And so, yeah, I'm a little ticked off that these guys want to pave over the old cow path, 1.00

00:46:05.200 as opposed to transform the industry and the technology and lower costs for consumers,

00:46:12.100 and not have the socialized cost of pollution and lousy health as a byproduct of it.

00:46:18.240 We've only got a minute, and I have a final question, and it's from a longtime DealBook reader who asked this.

00:46:24.800 If you are not the Democrats' presidential nominee...

00:46:27.780 Why is so much focus on this?

00:46:29.560 In 2028, who does he want to be the nominee, assuming they can win the election?

00:46:36.080 Hey there, Dr. Jesse Mills here.

00:46:38.400 I'm the director of the men's clinic at UCLA Health, and I want to tell you about my new podcast called The Mailroom.

00:46:43.940 And I'm Jordan, the show's producer.

00:46:45.800 And like a lot of guys, I haven't been to the doctor in many years.

00:46:49.920 I'll be asking the questions we probably should be asking, but aren't.

00:46:53.380 Because guys usually don't go to the doctor unless a piece of their face is hanging off or they've broken a bone.

00:46:58.340 Depends which bone.

00:46:59.720 Well, that's true.

00:47:00.480 Every week, we're breaking down the unique world of men's health, from testosterone and fitness to diets and fertility, and things that happen in the bedroom.

00:47:09.920 You mean sleep?

00:47:11.080 Yeah, something like that, Jordan.

00:47:12.780 We'll talk science without the jargon and get you real answers to the stuff you actually wonder about.

00:47:17.940 It's going to be fun, whether you're 27, 97, or somewhere in between.

00:47:22.440 Men's Health is about more than six packs and supplements.

00:47:24.980 It's about energy, confidence, and connection.

00:47:28.320 We don't just want you to live longer.

00:47:29.880 We want you to live better.

00:47:31.640 So check out the mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows.

00:47:38.240 I'm Kristen Davis, host of the podcast, Are You a Charlotte?

00:47:42.180 The most anticipated guest from season three is here, the Trey to my Charlotte.

00:47:48.660 Kyle McLaughlin joins me to relive all of the magical Trey and Charlotte moments.

00:47:53.780 He reveals what he thinks of Trey giving Charlotte a cardboard baby.

00:47:59.640 Why would I bring her a cardboard baby? 0.93

00:48:01.180 I was literally, I was like, this doesn't track for me at all.

00:48:05.020 When he found out Trey's shortcomings.

00:48:07.340 I'm kind of excited at talking about, you know, I think he's, he's a guy who spends time in Central Park, you know, he's probably, you know, there'll be some surgery stuff, you know.

00:48:13.460 And I was like, all this kind of stuff going on.

00:48:15.360 And they were like, yeah, yeah, yeah, fine.

00:48:16.720 And they said, but he's impotent.

00:48:18.900 And I was like, he's impotent.

00:48:20.420 And why he chose not to return to And Just Like That.

00:48:24.060 They came and presented an idea.

00:48:25.820 And I was like, I get, I see it.

00:48:27.660 It's so kind of a one joke idea.

00:48:29.840 You don't want to miss this.

00:48:31.580 Listen to Are You a Charlotte on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:48:38.260 This week on Dear Chelsea, Elizabeth Olsen is here.

00:48:41.720 Would you consider yourself a serious actress?

00:48:44.120 Yeah, I'm very serious.

00:48:44.920 I'm very playful.

00:48:45.960 So I guess I take myself seriously a little bit.

00:48:49.220 But I also don't take the job of being like an actor very seriously, like the other elements that come with it.

00:48:55.380 Like what?

00:48:56.280 Like speaking.

00:48:58.940 As myself.

00:49:01.180 Talk to me about journaling.

00:49:02.600 How did you get into the practice of journaling?

00:49:04.960 I don't know.

00:49:05.360 I just started doing it every morning three years ago, along with jumping naked into my pool.

00:49:09.880 Do you do that every morning?

00:49:11.060 Yeah, I do.

00:49:12.000 Oh my God, I love this.

00:49:13.900 It's just, yeah, I don't heat it.

00:49:15.140 Sometimes it's not that cold.

00:49:16.500 But I love swimming naked so much.

00:49:19.220 I make coffee.

00:49:20.440 While it's being made, I jump in the pool.

00:49:22.540 I do 80-year-old calisthenics afterwards to warm up my body.

00:49:28.600 Listen to Dear Chelsea on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:49:33.760 What were some of the memories from your USO tours?

00:49:37.920 That nobody knew who I was and they were like, why do we have to say hello to this guy?

00:49:42.300 Recently on the Good Stuff Podcast, we sat down with our friend Bradley Cooper to talk about family.

00:49:47.340 What is the good stuff to you?

00:49:49.340 I mean, of course it's my daughter.

00:49:50.820 His deep friendship with host Jacob.

00:49:52.500 He was there when I found out that I was going to have a baby, which was incredible.

00:49:56.260 I remember that.

00:49:57.080 You showed me the picture.

00:49:59.040 You're like, what's that mean?

00:50:00.040 And I was like, oh my God.

00:50:02.500 Did you ever tell the Clint Eastwood story on this?

00:50:04.540 Which one?

00:50:05.720 Well, the handcuff.

00:50:06.960 Oh, dude.

00:50:07.680 And how they've been there for each other through the hard times.

00:50:10.020 You know, I've been lucky enough to have dealt with some issues early on, you know, relatively early on in my life.

00:50:15.440 And I was able to sort of walk Jacob through some stuff.

00:50:19.240 Yeah, next month I'll be eight years clean and sober.

00:50:21.820 You were a big time part of that.

00:50:25.060 I leaned on you real heavy.

00:50:26.400 I think times that you knew and times you didn't know.

00:50:29.500 Listen to the Good Stuff Podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:50:36.900 What up, y'all?

00:50:37.820 It's your boy, Kev On Stage.

00:50:39.240 I want to tell you about my new podcast called Not My Best Moment,

00:50:42.620 where I talk to artists, athletes, entertainers, creators, friends, people I admire who had massive success about their massive failures.

00:50:51.480 What did they mess up on?

00:50:52.800 What is their heartbreak?

00:50:53.780 And what did they learn from it?

00:50:55.360 I got judged horribly. 1.00

00:50:57.800 The judges were like, you're trash. 1.00

00:50:59.680 I don't know how you got on the show. 1.00

00:51:01.400 Boo.

00:51:01.860 Somebody had tomatoes.

00:51:02.840 No, I'm kidding.

00:51:03.480 But if they had tomatoes, they would have thrown the tomatoes. 0.93

00:51:06.180 Let's be honest.

00:51:07.000 We've all had those moments we'd rather forget.

00:51:09.780 We bumped our head.

00:51:10.760 We made a mistake.

00:51:11.620 The deal fell through.

00:51:13.100 We're embarrassed.

00:51:14.620 We failed.

00:51:15.720 But this podcast is about that and how we made it through.

00:51:19.120 So when they sat me down, they were kind of like, we got into the small talk, and they were just like, so what do you got?

00:51:24.360 What ideas?

00:51:25.060 And I was like, oh, no.

00:51:27.060 What?

00:51:28.280 Check out Not My Best Moment with me, Kev On Stage, on the iHeartRadio app, Apple Podcasts, YouTube, or wherever you get your podcasts.

00:51:35.440 Someone who's a hard-headed pragmatist, someone that understands we all need to be loved and all need to love, meaning someone who's a repairer of the breach, you know, the spirit of Father Cause, Isaiah.

00:51:47.440 Someone needs to be a repairer of the breach.

00:51:49.260 We're polarized and traumatized.

00:51:51.980 This is exhausting.

00:51:53.500 The guy literally calling people the R word, piggy.

00:51:57.480 It's just not.

00:51:58.180 This is, we're better than this.

00:52:01.480 The reason I started my podcast and my first guest was Charlie Kirk.

00:52:05.180 Look, just to show respect, people I disagree with, Bannon, who I had on, Newt Gingrich, who led my recall campaign.

00:52:13.840 Divorce is not an option.

00:52:14.980 We have to define the terms of our future.

00:52:16.600 And so this notion of all being better off, we're all better off, is the kind of attributes that I pray that our nominee brings.

00:52:27.620 There's not a name?

00:52:28.620 Do you think Kamala Harris could do it again? 0.93

00:52:30.500 There are, there's literally.

00:52:31.700 Like Bashir?

00:52:32.680 Wes Moore?

00:52:33.460 All of them.

00:52:33.980 They're all, yeah, they're, and there'll be the surprise.

00:52:37.300 Mr. Beast may run.

00:52:39.700 You know, we'll see.

00:52:41.960 What's the moment?

00:52:42.900 I think right now the obstacle's the way, sort of the stoic frame.

00:52:47.360 The impediment to action becomes the action.

00:52:49.460 Trump is so dominant situationally, getting back to 2026.

00:52:53.340 I know we all want to paint that positive alternative beyond Trump.

00:52:56.940 And everybody's right to have that conversation.

00:52:58.740 Is that J.D. Vance, by the way, in your mind, too?

00:53:00.720 I'm not a huge fan of his.

00:53:02.220 No, no.

00:53:03.400 I'm saying, is J.D. Vance the person you think that you'd be running against?

00:53:06.740 Well, I think Trump's not sure.

00:53:08.340 Trump will determine that.

00:53:10.400 I mean, Trump, Trump, he doesn't care if he's the heel or the hero, he cares that he's the star.

00:53:15.540 And he's not going to walk away.

00:53:17.680 He's going to rig that nomination.

00:53:20.380 And you heard him yesterday, even in the Oval Office, or in the Academy meeting, he was saying, well, is it Rubio?

00:53:26.520 Is it Vance?

00:53:27.140 Is it Vance Rubio?

00:53:27.860 I mean, he's already playing around with this.

00:53:30.300 But he'll make that determination, ultimately.

00:53:32.500 An extension, again, of his third term, if, because of time of life, he can't extend it.

00:53:39.140 And the Supreme Court can't extend it for him.

00:53:43.920 What, you got one more?

00:53:44.940 I got one more.

00:53:45.680 I got a fine.

00:53:46.420 No.

00:53:46.980 It's always the last question.

00:53:48.440 No, it's actually not that.

00:53:49.780 It's not that hard.

00:53:50.540 The question is, if you are not the governor and you're not the presidential candidate, what do you actually want to do?

00:53:57.880 Oh, my God.

00:53:58.880 Look at me.

00:53:59.620 I'm physiologically, I'm changing.

00:54:01.300 I've got my arms crossed.

00:54:03.080 Well, remember, people don't know this about me.

00:54:05.360 They don't know much about me.

00:54:06.960 It is remarkable what's perceived versus reality.

00:54:10.800 And God forbid, I sound like a politician.

00:54:12.980 I actually have a book coming out, Young Man in a Hurry.

00:54:15.980 I know.

00:54:16.540 Again, speaking of purchasing, you can buy it in bulk.

00:54:20.540 It will be out in February.

00:54:22.620 But to sort of demystify all this, February 23rd.

00:54:28.680 But I say that to make this point, that I'm a small business guy.

00:54:41.720 I started right out of college, pen to paper, one part-time employee, Pat Kelly.

00:54:45.660 Opened a little business with literally $175,000, 13 investors.

00:54:52.360 I built that restaurants, hotels, wineries.

00:54:55.280 We've got about 1,000 employees, 23 little businesses.

00:54:57.720 I say that not to impress any of you, but to impress upon you my passion for entrepreneurialism, my passion for risk-taking, free enterprise.

00:55:06.160 And so I'm still that guy.

00:55:09.320 So for me, you answer that question.

00:55:11.780 That's my backup plan.

00:55:13.440 That's my default.

00:55:14.820 But I'm also deeply committed to public service and deeply committed, however that manifests, even if it's not an elected office.

00:55:22.040 And I'll close with a Justice Brandeis quote.

00:55:24.420 Why not?

00:55:25.260 When in doubt, Justice Brandeis.

00:55:27.500 He said, in a democracy, the most important office is not governor, mayor, president.

00:55:33.240 In a democracy, the most important office is office of citizen.

00:55:37.020 So it's in that spirit of citizenship that I look forward to the future as well.

00:55:41.500 Governor Newsom, thank you.

00:55:42.680 Thank you.

00:55:43.060 Very, very much.

00:55:43.700 Thank you very, very much.

00:55:46.320 Really appreciate it.

00:55:47.760 I'm Kristen Davis, host of the podcast, Are You a Charlotte?

00:55:51.700 The most anticipated guest from season three is here, the Trey to my Charlotte.

00:55:57.720 Kyle McLaughlin joins me to relive all of the magical Trey and Charlotte moments.

00:56:02.660 He reveals what he thinks of Trey giving Charlotte a cardboard baby and why he chose not to return to it just like that.

00:56:11.300 You listen to Are You a Charlotte on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:56:17.900 What were some of the memories from your USO tours?

00:56:20.220 That nobody knew who I was and they were like, why do we have to say hello to this guy?

00:56:23.900 Recently on the Good Stuff podcast, we sat down with our friend Bradley Cooper to talk about his deep friendship with host Jacob.

00:56:29.880 He was there when I found out that I was going to have a baby.

00:56:32.580 And how they've been there for each other through the hard times.

00:56:34.740 And I was able to sort of walk Jacob through some stuff.

00:56:37.680 I leaned on you real heavy, I think, times that you knew and times you didn't know.

00:56:42.220 Listen to the Good Stuff podcast on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:56:47.940 This week on Dear Chelsea, Elizabeth Olsen is here.

00:56:51.140 I get nervous doing podcasts.

00:56:53.000 I get anxious that I'm going to say something that is going to offend people. 0.94

00:56:57.780 But also, who gives a s***? 0.99

00:56:59.340 That just goes to show you how silly it is. 0.99

00:57:01.740 We all have to say this over and over to ourselves. 1.00

00:57:05.380 Who gives a s***?

00:57:06.760 Yeah, I find that to be so satisfying as someone who is a fearful person. 0.63

00:57:12.360 And they're kind of scared of everything.

00:57:14.560 Listen to Dear Chelsea on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

00:57:21.140 Hey there, Dr. Jesse Mills here.

00:57:23.020 I'm the director of the men's clinic at UCLA.

00:57:25.040 And I want to tell you about my new podcast called The Mailroom.

00:57:27.960 And I'm Jordan, the show's producer.

00:57:29.680 And like most guys, I haven't been to the doctor in way too long.

00:57:32.720 I'll be asking the questions we probably should be asking, but aren't.

00:57:36.100 Every week, we're breaking down the world of men's health from testosterone and fitness to diets and fertility.

00:57:41.360 We'll talk science without the jargon and get you real answers to the stuff you actually wonder about.

00:57:46.360 So check out The Mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows.

00:57:51.700 What up, y'all?

00:57:54.120 It's your boy, Kev on stage.

00:57:55.560 I want to tell you about my new podcast called Not My Best Moment, where I talk to artists, athletes, entertainers, creators, friends, people I admire who've had massive success about their massive failures.

00:58:07.760 What did they mess up on?

00:58:09.080 What is their heartbreak?

00:58:10.060 And what did they learn from it?

00:58:11.560 I got judged horribly. 1.00

00:58:13.820 The judges were like, you're trash. 1.00

00:58:15.700 I don't know how you got on the show. 0.99

00:58:17.060 Check out Not My Best Moment with me, Kev on stage, on the iHeartRadio app, Apple Podcasts, YouTube, or wherever you get your podcasts.

00:58:24.560 This is an iHeart Podcast.

00:58:27.200 Guaranteed human.

This is Gavin Newsom - December 05, 2025

And, This Is Governor Newsom Live At The DealBook Summit With Andrew Ross Sorkin

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