Nike in Freefall, OpenAI Fires Spies, & G7 Dumps 100M Barrels | PBD #867

Patrick Bet-David (0:10)

Adam, what's your point?

Patrick Bet-David (0:11)

The future looks bright.

Hey, how you guys doing? Hope you had a good weekend. I know we did.

What I have now is I have reminders for people to tell me there's baseball games. And I wish some people wouldn't remind me of one of the games that happened this weekend, but it is what it is. I mean, what could have Cole done?

The guy pitches, he does a good job, but hitters, you can't get one hit. So shout out to who was the pitcher's name, Rasmussen. You gotta give a shout out, man. Phenomenal job for what he did with that. Everybody kept telling me how special he is. I think he's 16 and four, you can tell this guy's a dog. Yes, he is. And good for you. But we got more games coming up here. There's a video I watched, obviously we got a lot of stories to cover, but I watched an interview with Denzel Washington. Let me tell you, the lady asks him a question about what do you think about all the things that are going on in the world and America politically? His answer is something every Republican, Democrat and Independent should listen to. And I'm gonna share that with you here today because I think it's brilliant the way Denzel answered it. And I think if there's anybody that can break that down, it's Denzel. I'm a big fan of his and I think it's something we ought to cover. Nike stock is dropping left and right. I mean, you saw the other day, Mbappe. Mbappe just signed a 10-year contract not with Nike, not with Adidas, not with Puma, not with anybody but on cloud. What? Really? Mbappe signs a 10-year, $210 million contract with on cloud. I sat there, you know what I told the guys? I said, if I knew Mbappe was on the line, we would have made an offer like that to get Mbappe come to FLB. I mean, eventually it's going to get to that point, but you're watching how the market is open right now with what they're doing. But yeah, he signed a $210 million contract and a major move. Mbappe leaves Nike for wanting to be the heart of its new football category at his prime. This is the all-time leading score in freaking World Cup ever, and the guys now are on cloud. So Nike's dropped their revenue in China, nine quarters in a row. Their stock has plummeted like this, but nine quarters in a row, they're selling less and less and less and less in China. They made a few mistakes.

Vinnie (2:40)

So it's not just here in America.

Patrick Bet-David (2:41)

No, it's not. This is all over the place. It is. And by the way, it's impacting also Jordan's income. Jordan, it's dropped 8%, something like that.

Adam (2:47)

You might have to start doing interviews again and play basketball again.

Patrick Bet-David (2:50)

No, he's gonna be fine. He's worth $5 billion, but it is impacting. G7 decides to release 100 million barrels with everything that's going on. West Texas oiled this morning. Tom told me it's 89.80. And Tom also whispered to us that with Newsome talking about how great his state is, the fourth biggest economy in the world or the fifth biggest economy in the world, diesel is also the highest in America. 8.3 right now in the state of California. If you're in California driving those old Mercedes diesels, you're paying 8.30. That's why my dad used to drive the old Mercedes diesels. You're paying 8.30. Then, aside from that, rumors comes out from Russia. Hey, there may be a little virus spreading in Russia.

Cost this girl's life. She died because she touched the, you know, she was messing around there. Then they put 200 people in shutdown. Russia is saying, don't worry about it. We have it under control. And the rest of the world is supposed to believe they have it under control. And so, who knows?

We'll get into that as well.

Vinnie (3:49)

I've never heard that story before. That's weird.

Adam (3:52)

I've never seen that movie.

Patrick Bet-David (3:53)

An article comes out, data showing that being gay is no longer as cool as it used to be six years ago.

Adam (3:58)

Told you.

Patrick Bet-David (3:59)

That so, it is not, I mean, you know, but, and by the way, this is coming direct from CDC. This is not even making fun. This is not trolling or rage baiting. It's CDC data showing it's declining.

And I watch what happens when companies like Disney start realizing it's not a good idea and then kids don't want to be that because naturally that's not how God created men and women to be naturally. Naturally, that's not how it was created. Last week we had Jacob Coxen on, the anthropic whistleblower, and the interview drops tomorrow and we talked about Chinese spies in different anthropic and OpenAI organizations. OpenAI just fires three safety researchers accusing of sharing confidential company information. And Anthropic claims popular Chinese AI model has mythos, class hacking abilities. I wonder where they're getting it from. And if it's being passed down from folks that are working at Anthropic or OpenAI that are Chinese nationals or if they're building it themselves, who knows? The reality of it is as a Chinese national, you can work for these AI agencies and companies. So, maybe they're just passing on the information to others. Men are losing ground on the labor market. Here's why. It's an article from CNBC, which we'll get into.