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PBD Podcast

Davos Drama: Trump's WEF Speech, Lutnick NUKES Globalists + Newsom SLAMS EU w/ James Fishback | PBD Podcast | Ep. 722

21 Jan 2026

Transcription

Chapter 1: What is discussed at the start of this section?

1.145 - 11.279 James Fishback

Did you ever think you would make it? I feel I'm supposed to take sweet victory. I know this life meant for me. Adam, what's your point?

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11.299 - 17.789 Unknown

The future looks bright. A handshake is better than anything I ever saw. It's right here.

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17.809 - 19.571 Adam Sosnick

You are a one-on-one? My son's right there.

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19.671 - 21.634 Vincent Oshana

I don't think I've ever said this before.

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25.31 - 48.979 Adam Sosnick

But it is what it is. Well, gang, great to be with you guys. The president just got done, I believe, giving his talk at Davos. He kept saying a lot of lines repeatedly. I don't want to see Europe the way it is right now. I want to see you win. And then he said, when America goes up, you follow. So when America goes down, you follow, which means, hey, you want to see us win.

49.9 - 68.04 Adam Sosnick

And he said something very interesting. And we have a special guest. We're going to get to our guest here today as well. He's going to give some commentary on these stories as well as his announcement he made that he's running for the governor of the state of Florida at the age of 31, James Fishbeck. We got in the house, so it's good to have you on. Thanks, Patrick.

68.78 - 79.377 Adam Sosnick

I think a couple times at the debate. Yes. And I would see you, good-looking, 29-year-old, you know, guy running around. At the time, I think you were with Vivek, an advisor to Vivek.

Chapter 2: What are the key points from Trump's speech at Davos?

80.379 - 84.466 Adam Sosnick

Something happened. You kept your shoes on. He did not. There was kind of a falling out.

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84.486 - 86.169 Patrick Bet-David

I used a fork. He insisted not to.

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86.189 - 107.376 Adam Sosnick

Listen, I just want to tell you we're going to talk about shoes being kept on or off and how important. But the president kept going. He said something very interesting I liked on. He said, if you want approval, okay, for nuclear, he said, is three weeks. For the data centers, he said, it's two weeks. Do you know California right now?

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108.807 - 134.651 Adam Sosnick

of the houses and palisades that were burned down, only 12 to 13% are getting permits, have gotten permits. The White House, who is busier doing a million other things, is approving permits faster than LA, California is. It tells you so much about- For power plants, not a wooden house. Yeah, for power plants, which tells you how more efficient they are.

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134.671 - 156.381 Adam Sosnick

By the way, there's a bunch of other things. We'll play the clips. And we'll get into those stories. But let me kind of share with you some of the stories we're going to talk about today. Trump shares call for Don Lemon's imprisonment over Minnesota's church protest coverage. And by the way, it got so bad that CNN brought a lawyer that broke down why this is such a different protest.

156.361 - 178.332 Adam Sosnick

And the lawyer said, if all you did is stand outside, nothing would happen. Because you stepped in, because of that, every one of these people could go to jail. It's like protesting in a hospital. You can protest outside of a hospital, but not in a hospital. You got to see this. It was great. So we'll definitely talk about Don Lemon maybe. Who knows? He may be doing some time here soon.

178.633 - 196.425 Adam Sosnick

And that's going to be a tough. So he may like it, but it may be a different story. So Trump is going to Davos. Obviously, we'll talk about that. Larry Fink. gives a warning, capitalism must evolve. And he talked to a bunch of different things about, he made a point about climate change. A lot of people are criticizing him.

197.418 - 223.655 Adam Sosnick

We'll talk about the Vivek Warren shoe story, Times of India, which is James Fishback, not James Fisher. Trump threatens to sue JPMorgan Chase for debanking him after January 6th capital rights under Biden's administration pressure. We'll go into that. Calls to invoke 25th Amendment grow after Trump's Norway letter. Los Angeles fires dominated insurance losses of $127 billion in 2025.

224.636 - 241.738 Adam Sosnick

Record break-in. Have a backbone, Governor Newsom. He's apparently at Davos as well. I'm sure you saw when Newsom said have a backbone. You have to react. We got to react to this clip to see what he has to say. He just like act like they coming in. Why are you guys all afraid of him? Why are you guys all afraid of our president? What is wrong with you guys?

Chapter 3: What does James Fishback say about running for governor?

1224.036 - 1227.982 Adam Sosnick

I love that idea. Skin in the game. I love that idea. You can't do this property tax arbitrage.

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1228.002 - 1250.836 Tom Ellsworth

I like that very good, too. Are you familiar with Howard Jarvis and Prop 13 in California? Vaguely, yes. Okay, let me teach you the history. In the late 70s, Howard Jarvis says property tax in California was too much, and Prop 13 was passed in 1978, Howard Jarvis. And what it does is it locked in your property tax for your home right now, and it locked it in. And guess who was benefiting?

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1251.257 - 1270.102 Tom Ellsworth

All of the families that were already living there that already had those homes. So you kind of gave the working class families the tax relief, and then everybody that bought houses after that was subject to new property tax rules. I love the vesting idea. I love the five-year thing. I love the vesting idea. You're a resident, and you're vested as a resident. Here's your benefits.

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1270.122 - 1291.529 Tom Ellsworth

You have your child here in the school this long, and they get good grades. Here's your Bright Futures program. Correct. I like the idea of like a minimum, no games with 189-day rule, right, where you have 189 days in Nevada and you can avoid California income tax. No games like that. Vested residents get stacks of benefits.

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1291.549 - 1302.138 Adam Sosnick

Okay, so here's the question. So now here's the question. Can you pull up CalSheet real quick for Florida governor? I want to know where they have you on ZoomIn. Oh, okay. You're second.

1302.34 - 1302.983 Unknown

So I'm in second.

1303.486 - 1306.463 Adam Sosnick

All right. Jay Collins is third. Go a little bit low, Rob, to see the names.

1306.543 - 1307.931 Unknown

I picked up in the past hour. I was at 13.

1308.434 - 1324.692 Adam Sosnick

Zoom In, Wilton Matt Gaetz, Jimmy Petronas, Casey DeSantis. So at one point, they thought Casey was going to run, so she's not high on that list. What is Jay Collins known for? Who's Jay Collins? No idea. Are you joking?

Chapter 4: How does the discussion shift to economic policies affecting families?

1336.767 - 1352.969 Adam Sosnick

you do not have a right to harm people with your words, end quote. He said that. You do not have a right to harm people with your words, end quote. This is America. What does he mean by that? He means exactly what he means by that. I was on with Tucker two weeks ago, and we talked about this very idea.

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1353.349 - 1360.959 Adam Sosnick

His idea is that if you're out here speaking, you somehow don't have the right to criticize the Israeli government or Benjamin Netanyahu.

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1361.2 - 1365.205 Tom Ellsworth

You absolutely have that right. He wasn't talking about, like, true...

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1365.185 - 1389.471 Adam Sosnick

you know really bad racist terms to get people completely lit up he was talking about freedom of speech he wasn't talking about inciting riots well because you know constitution talks about both you cannot incite a riot but you do have freedom of speech absolutely and bradenburg v ohio sets a very clear test for the supreme court that the only type of speech that would not be protected would be speech that leads to imminent lawless action so for example that's the in

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1389.451 - 1410.193 Adam Sosnick

citing the riot clause in our Constitution. And that's part of the Braden Big Test. And so the problem with Jay Collins is that he is part of this machine, Republican and Democrat. You saw what happened in Miami Beach last week. They bang on the woman's door. They pull out a phone and say, this is anti-Semitic. She was merely criticizing the mayor of Miami Beach,

1410.173 - 1427.227 Adam Sosnick

For what she thought was the mistreatment of Palestinians. It doesn't matter where you are on the Middle East on that particular issue. You are allowed to criticize anyone from this government. Wait, what happened? So she's criticizing what his position is on. On the Palestinians. And then what did the mayor do?

1427.347 - 1432.317 Adam Sosnick

Well, the mayor sent the Miami Beach Police Department to bang on her door and confront her, but they were investigating her.

1432.297 - 1443.089 Tom Ellsworth

Let's use names. The mayor of Miami Beach. Steve Miner. Steve Miner. We don't want to confuse it with Suarez, right? Correct. And most people aren't familiar with Florida. Miami Beach is a small city within a city.

1443.429 - 1450.517 Adam Sosnick

Correct. Which is predominantly, is this the one that's predominantly Jewish? It's predominantly Jewish. Yeah, predominantly Jewish. So here's the video if you want to see it, Pat. Rob, go ahead.

Chapter 5: What are the implications of Gavin Newsom's presence at Davos?

3965.522 - 3979.536 Tom Ellsworth

But he sits there with a few random reporters that corner him in a hallway while he's wearing a badge that says Gavin Newsom because there's still people in Davos that don't know who the hell he is. And saying nothing. He was saying nothing. Have a backbone.

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Chapter 6: What criticisms are made about Gavin Newsom's leadership?

3979.596 - 3996.692 Tom Ellsworth

What do you mean by that? That's up for them. That's their that's up your determination. What do you mean the European countries? No, no, that's up for them to decide. Really, there's a guy with no plan just looking for a microphone. And then there's Scott Besant. And I'll say here, in my opinion, I believe Trump, Besant and Rubio are the best.

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3996.672 - 4012.655 Tom Ellsworth

Best trio that we've had in the history of the United States doing what they're doing. When you look at commerce, you look at foreign policy, you look at what we're having to do and you look at the size of the problems that they're having to solve and the men that are there. That's my opinion. That's what I think.

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4012.675 - 4020.486 Tom Ellsworth

And I think you see leadership, even a little sarcasm with that leadership coming out of Scott Besson's mouth while he's sitting there.

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Chapter 7: How is the response to the California housing crisis characterized?

4020.466 - 4030.798 Tom Ellsworth

talking to global people about solutions and things for tomorrow while you have a guy giving stump speeches in the hallway having to wear a name tag to random media.

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4031.058 - 4031.398 Adam Sosnick

Brandon.

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4031.959 - 4046.938 Unknown

Yeah, the only thing that Besson said that I disagree with is that the people of California won't ever forget about what he did because they clearly did forget about what he did along with half of the country right now, which is why he's one of the frontrunners to be president. He is the frontrunner by miles. Yeah, for the Democrats.

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4046.978 - 4061.458 Unknown

I mean, it's crazy and scary that people can look at California and see that's not like a shell of what it used to be before. It literally looks as if his job was to get into that position and make California as bad as possible with the result that's out.

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4061.438 - 4089.403 Unknown

like comparably perfectly fine before he got into office but uh i would love to be behind the scenes and see what his um strategy sessions are like for like crafting his message because i i feel like he's always trying these moves out where he's trying to like say bold things and i just think he's probably the most like insincere person out there in terms of like show like what he shows versus how he actually is like you know like whatever you say about trump like i think he's 100 of himself all the time newsome i don't think we have any idea who the hell his real personality is

4089.383 - 4108.55 Adam Sosnick

Yeah, I mean, there's a couple of stories we're going to get into about California right after we're done with Davos here. Matter of fact, I'll just go to one of them right now and we'll come back to a couple of things the president had to say about China and Europe. L.A. fires dominated insured losses of $127 billion in 2025.

Chapter 8: What insights are shared about China's demographic challenges?

4108.61 - 4132.317 Adam Sosnick

Tom, I'm going to come to you with the story here. Last year, insurance companies, I mean, this number, when I read it to you, global insured losses of more than $127 billion from natural disasters were dominated by more than $100 billion in the U.S. in 2025. After the L.A. fires, according to a new industry report on climate and other extreme events, this is Financial Times.

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4132.297 - 4157.767 Adam Sosnick

Overall global economic losses stemming from disasters including thunderstorms and earthquakes total $260 billion. This is according to insurance broker Aon. More than half of those losses not covered by insurance. Think about that. Half of $260 billion not covered by insurance highlighting persistence of inadequate coverage of emerging markets. And then it covers a few different things.

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4157.907 - 4182.537 Adam Sosnick

Every insured losses from climate disasters were 27 percent higher than a long term average since 2000. A big part of being California. What's interesting, Rob, do you have the clip where the president said if anybody wants to get a permit approval for nuclear, it's three weeks for data centers is two weeks. If you have that clip and how this goes to California, is that the one, Rob?

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4183.597 - 4193.459 Adam Sosnick

That you have – nuclear – how long is it? 11 seconds. No, he doesn't answer that. He goes into saying how long they're taking right now.

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4193.479 - 4194.08 Patrick Bet-David

It was before that.

4194.22 - 4203.681 Adam Sosnick

Yeah, it was right before that. He goes into saying how long it's taken them to give approval nuclear plant –

4203.661 - 4227.857 Adam Sosnick

approval three weeks he said that rob he also said i was sitting with the leaders and i said it to him they said you're kidding me and he said no i'm not kidding you do you have can you see the clip okay if you don't have it we'll go to it he's talking about two or three weeks while you're waiting for it And I said this kind of earlier about California. You got all of these fires that happened.

4228.578 - 4256.294 Adam Sosnick

And the permits, if you look at the numbers, 12% to 13% of homes lost in Palisades and Altadena have received rebuilding permits as of late 2025. In L.A. County, more than 2,900 permits have been submitted, 1,300 issued roughly. And in the city of L.A., 3,100 applicants have been filed, more than 1,500 issued. This is how long after the fire? This is how much longer after everything happened?

4256.735 - 4270.909 Adam Sosnick

So the president at World Economic Forum today was talking about the fact that for the plants, two to three weeks, the speed that they're working together is so impressive. Tom, why is that important for the government to be working so quickly?

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