Tracy Alloway

This is exactly what I was going to say, because the old economy and the actual business of making things and moving things, heating and cooling, is very much enmeshed with the new economy, which is all about generative AI.

And in order to have generative AI, you need data centers, right?

And if there's one thing we know about data centers, it's that they consume vast amounts of both building material and electricity.

Right.

Yeah, heating and cooling.

So, yes, you're absolutely right.

We will no longer use the slur old economy.

We will find some other word.

But, yes, we like talking about industries in which physical things get built and then sold at a higher price from which they were built from and how these things actually work.

Yes, indeed.

So we are going to be talking about that today.

We also like occasionally talking about deals, and it's not every day that we get to talk about a deal that has literally just been announced and is, I think, one of the biggest deals that we've actually seen recently.

That's right.

It's a deal talk.

Let's do it.

Okay, so we do, in fact, have the perfect guest.

We're going to be speaking with Brad Jacobs.

He's been on the show before, and he is, of course, the CEO and founder of QXO, which has just announced a huge deal to buy a company called Top Build in the insulation space.

They're paying $17 billion, and at the end...

of this acquisition.