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Pivot

Signalgate, Auto Tariffs, and Trump's Crypto Empire

Fri, 28 Mar 2025

Description

Kara and Scott jump right in to discuss all things Signalgate — will heads roll? Then, President Trump has announced a 25% tariff on imported cars, the Trump family announces plans for a stablecoin, and Megyn Kelly is launching a podcast network. Plus, stay tuned for Scott’s prediction on who will fill the leadership void left by the chaos of the Trump administration. Follow us on Instagram and Threads at @pivotpodcastofficial. Follow us on Bluesky at @pivotpod.bsky.social. Follow us on TikTok at @pivotpodcast. Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcription

Chapter 1: What is Signalgate and why is it significant?

88.135 - 95.278 Scott Galloway

If you want to know what you looked like when you were 17 and you got caught masturbating, that is literally the facial expression of these people.

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98.738 - 103.082 Kara Swisher

Hi, everyone. This is Pivot from New York Magazine, the Vox Media Podcast Network. I'm Cara Swisher.

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103.462 - 115.712 Scott Galloway

And Cara, if you're texting and you see the emoji of a Makers and Ginger, a guy dancing and a limp dick, I am in the chat. That means I am in the chat.

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117.797 - 118.638 Kara Swisher

Oh, my God, Scott.

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118.778 - 119.159 Scott Galloway

I am here.

119.379 - 129.831 Kara Swisher

I can't believe this happened right after we taped the last show. Let's get right into a fallout from Signalgate. Some people are calling it Whiskey Leaks. Do you like Whiskey Leaks?

130.111 - 134.296 Scott Galloway

Whiskey Leaks. Just before we get into the serious stuff, I think people want to hear more about me.

134.844 - 135.545 Kara Swisher

Yeah, okay.

135.925 - 148.435 Scott Galloway

I'm a little slow today. All right. So I think, as you know, for the first time in my life, I had something resembling a non-outstanding physical where he said, you're borderline hypertensive. I didn't tell you this.

Chapter 2: How is the Trump administration handling the auto tariffs?

1279.666 - 1297.738 Kara Swisher

And then the other excuse they're using on Fox News, which are also complicit in trying to defend this after attacking Hillary Clinton relentlessly for years over something that was much less serious by a factor of 10. Do you remember when you accidentally added a random person to our pivot text chain? Do you remember that?

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1299.613 - 1300.233 Scott Galloway

I don't.

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1300.854 - 1319.831 Kara Swisher

You did. You added some guy. And he's like, hey, I'm here. Okay, if Scott does that, that was fucking annoying enough. But the media on the right is saying, well, everyone knows about that. Everyone's done that. That's so me, isn't it? Jesse Waters, you're a moron. You're a fucking moron.

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1319.871 - 1331.597 Scott Galloway

But you don't need to be a national security advisor to know what happened here. And that is, When I establish an ongoing relationship with a male prostitute, I change the name and the number, or I change the name.

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1331.617 - 1333.117 Kara Swisher

To Kara Swisher.

1333.377 - 1350.622 Scott Galloway

It throws the people in my life off the scent. So it's clear. It's so obvious what is happening here. Walls is fucking Jeffrey Goldberg. It's obvious what's going on here. And he had the wrong name purposely on the wrong number to throw the folks in his life off. Oh.

1351.062 - 1351.863 Kara Swisher

Oh, interesting.

1351.883 - 1353.604 Scott Galloway

A little geopolitical humor to lighten the mood.

1353.624 - 1359.249 Kara Swisher

I think it was someone with a JG on the staff that he thought he was adding. I think he thought he was adding someone else. That's what I think.

Chapter 3: What are the details of Trump's stablecoin announcement?

3501.093 - 3502.695 Kara Swisher

I don't know if you'd like to link those.

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3503.215 - 3505.736 Scott Galloway

I like that. I think that makes sense.

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3506.756 - 3510.457 Kara Swisher

It's the same attitude across this country and it will have repercussions.

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3510.497 - 3532.067 Scott Galloway

But the people or the entities that will fill the void abroad are foreign nations, some of which do not have our best interests at heart. I don't think of China as an enemy, I think of them as a competitor, maybe even an adversary. The organizations that will fill the void in the US, are for-profit organizations that over the medium and the long term will probably demand margin.

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3532.827 - 3549.462 Scott Galloway

So what happens when the government vacates from these services, and this is what they want. They want private enterprise running all prisons. They want to privatize Social Security because then corporations will insert themselves in the middle. In some ways, they're more innovative. In some ways, they're more productive.

3549.482 - 3551.324 Kara Swisher

In some ways, they're just interested in making money.

3551.624 - 3552.604 Scott Galloway

That's what they do.

3552.624 - 3555.385 Kara Swisher

Yeah, I know. And that's not good for the public comment.

3555.405 - 3578.109 Scott Galloway

They'll get monopoly power on the jails and whatever, this part of the county or this part of the state. They will slowly raise the rates and we will end up paying more for less. There are certain things that should be delivered at scale. The electricity in a city needs a monopoly. And in order to have monopolies, you have to have regulators such that they don't enact monopoly pricing power.

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