House Passes Housing Bill, Daily Wire $2B IPO, Knicks Trash Can Lady Fired | PBD Podcast #823

**SPEAKER_2** (0:30)
We'll be back after the show.

**Jeff Snyder** (0:31)
It never left.

**Patrick Bet-David** (0:32)
Anyways, you don't want to know what we were just talking about.

**Tom Ellsworth** (0:35)
Arkansas, we're broadsourced.

**Patrick Bet-David** (0:37)
But Tom wants to bring you back. Anyways, gas prices, 70.5 today. 70.5 today, gallon, right? $70.50.

**Tom Ellsworth** (0:46)
That's West Texas oil. And $3.95.

**Patrick Bet-David** (0:49)
If I say 70.5 for gas prices, people will be freaking out. No, no, you're fine, it's going down. But I think it's gonna take two to six weeks because all the people that own the oil that they bought at a high price, they gotta sell that off because before they can catch up. So the president is not happy and these guys that bought the oil, they're like, what do you want me to do about it? I bought expensive oil, I gotta sell through it. But anyways.

**Tom Ellsworth** (1:10)
But national gas did touch $3.95.

**Patrick Bet-David** (1:13)
Yes, it did. Yes, it did. So that's good. Humberto's happy. He's been furious for a few weeks, slightly happier.
Yes, so we gotta go a few different stories that we got here. One, daily wire, back at it again. You know, one minute it's going out of business, next minute they're raising $100 million at a valuation of $2 billion, I believe. It was all over the Internet yesterday, and the numbers came out that have 776,000 active subscribers. I believe that's the number. I know, Ilan, you got some thoughts on that. We'll get into it. Aside from that, Google decides to invest into this A24 production company, which becomes a big story because isn't that the one that was part of Backrooms? Was A25 part of Backrooms or Obsession, one of the two, right? Backrooms, so Google's not getting into it. Is that a lot of money or not? Who knows? But look, it is something that people are getting interested in.
Billionaires fighting their heirs. This is a Bloomberg story. Can you imagine the story says, billionaires are fighting their heirs for control beyond the grave? Like, hey, what's going to happen to our money that you made, Daddy, but what's going to happen to our money? Who the hell are you? Where were you when we were building a company, buddy, buddy? So anyways, it's gonna be an interesting conversation. Humberto's got some insight on what he wants to do with his billions when transitions out to the kids. I want you to give that insight. He's got Chilean money. By the way, Chilean money, they're low key. They don't want people to know they're wealthy. They keep it very down low. They don't want you to know the amount of wealth.

**Humberto Prado** (2:40)
Quiet luxury.

**Patrick Bet-David** (2:41)
Yeah, quiet luxury is what it is. So maybe give us some insight on that. Housing affordability passed yesterday. You'd be surprised. Well, maybe some of you guys wouldn't be surprised. Which senators were against it, limiting the number, I think, is 350 units or more, which we will get into. This is targeting specifically BlackRock and some of these guys that are buying up a ton of properties and impacting rent prices.
Lot of people are celebrating. It was a popular bill, but you'd be surprised. Some of the people that were not for it, libertarian mindset type of guys. Tucker said he will never vote Republican again.
After saying that 24 hours later, he practically endorsed JD Vance with Alex Jones. So some people are saying, wait a minute, why did it take that long? But maybe we'll address it. Maybe he doesn't want to vote Republican anymore. And then you got billionaires' tax that was on the ballot, the 5% billionaire tax that they were talking about. It's actually making it through. So it is going to be something that they'll vote on. Let's see what happens. They're lucid is cutting 18% their workforce. There's another article that came up by Inc. explaining what Microsoft and some of these other companies are doing HR. Some of them are even shutting down HR. I think that's a mistake, but we'll talk about it. And then, aside from that, you have Social Security. For some of the people that you're not following the Social Security story, it's a pretty big story. I mean, if you're above 60 years old, 65 years old, guess what you're thinking about? Social Security. But not if you're not 65
And guess who had a birthday yesterday and not 65 years old? We're not going to say his birthday. Thomas Ellsworth had a happy birthday yesterday. Happy birthday.

**Tom Ellsworth** (4:15)
Thank you to the studio and thank you to the studio and everybody at the Valuetainment and BDC companies. You were all so gracious yesterday. I thank you.