PBD Podcast
NYSE's Polymarket Bet, Gold & Bitcoin Skyrocket, Candace Owens Texts & Wall Street Woos Trump | PBD Podcast | Ep. 662
08 Oct 2025
Chapter 1: Did you ever think you would make it?
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? The future looks bright. My handshake is better than anything I ever signed, right here. You are a one-on-one? My son's right there.
I don't think I've ever said this before.
Okay, so then we will. Gang, it's great to be with you here today. Moving forward, our plan is once a week for us to do a podcast purely on business stories. And we're doing that today. Brandon here, quick shout out, was here at 8 a.m. Normally the seat, someone's not sitting there until 8.59. Rob told me at 8 a.m. he was sitting here. We have Eric back here with us, Eric Bolling.
with his business background that he has, and then obviously Tom Ellsworth to go through stories. Quick shout-out to Aaron Judge. What a flipping home run you hit yesterday. Off the pole, three inches from being fouled. When you hit that home run, Tom was furious. I heard things are being thrown around.
At his house, I was getting some footage from a guy who hired paparazzi outside to see how Tom was reacting to the Yankees winning. It's not a foul poll.
It's a fair poll.
What a great game it was yesterday. We were screaming so loud in our house. We got complaints in the entire Fort Lauderdale community, and we'll gladly do it again, and they're back at it again tonight. Anyway, let me get that out of my system because it was a nerve wrack in the first two games. Anyways, a lot of business stories to go through. I brought a bar of gold with me here today.
You know why? Why? Because I bought a bunch of these. These, when I bought them, I'm like, let me just set it aside in case Armageddon happens and I got to go buy pizza or something like that. I got to melt it. Here's for a large pizza, right? I got a bunch of these. I bought it for like 50-some thousand dollars. They're paying $128,000 right now, these guys right now.
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Chapter 2: What is the significance of the NYSE's investment in Polymarket?
I actually love this story with Wall Street Journal. The best managed companies, which one is more important? how much you pay people, or the culture that you create. And then NVIDIA decides to give just somewhere like $20 billion to Elon's XAI company. And then Trump met with Canada, Mark Carney, and they're having a bunch of conversations together.
Anyways, gang, before we get into it, two things. Number one, see this shirt I'm wearing with the Valuetainment logo here on The Future Looks Bright? I have probably 30 shirts in my closet. My wife says, babe, these shirts are my favorites. When you wear them once...
Chapter 3: How are gold prices influenced by market conditions?
you're going to see how it feels, how smooth it is. You're going to feel like someone's hugging you all day, telling you how awesome you are. If you haven't yet ordered, I think some of the sizes are gone, but we do still have some left. This is the business show that we're talking about here. You got them in white. With the gold logo, Future Looks Bright, on the bottom of the shirt.
You got them in black, which looks great. And you got them in blue. Black goes with gold. And we have the blue as well. You may as well order all three of them if you are somebody that's in business and you're regularly wearing business shirts. And then we got some of that blue jacket that's left and that whole business series that's going to be there.
Now, you can go to vtmerch.com to place your order. Number two, if you're with us right now and you're an entrepreneur, small business owner, we have a circle on Manac dedicated to just business owners, okay? It's going to be called the PBD. It's called the PBD Entrepreneur Circle. There is a ton of networking going on there.
If you haven't yet joined the circle, download the app, go to PBD Entrepreneur Circle, get in there. We're talking ideas, notes, PDFs, different things that I do. I post all the stuff in here. And you can join for free to see what we're talking about.
And if you want to be able to network and message each other, it's $5 a month for you guys to be able to talk to each other in that circle that we have. Rob, do we have a QR code for that or not yet? We do. There's a lower third, and the link is in the description and pinned to the chat. Fantastic. Thank you. Okay, so let's get right into the story. Oh, which story do we want to get into?
Let's get into the gig drivers who win the right to unionize in California, Eric. Now, here's what the story is telling us. Rob, I think you got a video on this. Before you got the video, let me just read a couple things here, and then we'll go to the video. Okay.
Drivers for companies like Uber and Lyft gained the right to unionize in California on Friday thanks to a bill signed by Governor Newsom. The bill allows unions representing drivers to bargain for better wages and benefits and could serve as a model for other states given the size of California's ride-hailing industry. You ready?
You want to know how many drivers they have in California for Uber and Lyft? You think it's 50,000? It's a lot. 100,000? That's a lot of people. 800,000 drivers. They use Uber and Lyft. According to the bill's backers, only Massachusetts had a similar law, which was passed through a ballot measure last year.
The bill could help resolve a year-long fight in which driver's group have pushed for employee status, which confers protection like a wage floor and a right to unionize while gig companies resist it. Rob, go ahead and play this clip. 800,000 drivers for ride-hailing companies in California will soon be able to join a union and bargain collectively for better wages and benefits.
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Chapter 4: What impact does Bitcoin's rise have on traditional investments?
Pareto principle applies to this. I think where 80% of people are not exceptional people, not willing to do whatever it takes to get what they want, and 20% of people are in that category.
You know what Sean O'Brien said? What's that? He said 95% – that's your audio, Tom – It said 95% of people he believes are exceptional people. But this is the question. No, no, and by the way, that's their view because they represent the workers. So he has to have that mindset, right? But here's a question I got for you guys. Two things. One, when he was here, the team's president was here.
I'm watching the mindset of a union community. So I'm pushing back on him. I'm asking him questions on certain things. Obviously, he played a very important role for 2024 election. Kamala Harris was the only candidate that went there. And every year, every time there's an election, they ask 16 questions of the candidates.
Kamala was the only person that refused to answer all the 16 questions and only answered three. Kamala. Even Biden showed up. Trump answered all the questions. So they can't stand, Kamala disrespected these guys in the highest way, but I want to learn more about Union. So when I'm pushing back on Union, all of a sudden he looks at Rob. He says, Rob, did Pat text you after work yesterday? Yes.
Pat said he texted you earlier today. What time did he text you? Rob says, 9.01. Did you get it? He's saying, you know, 9.01. And then he says, well, few things. If you're watching this and you want to be part of a union, number one, how would you like a guaranteed raise every year? Number two, how would you like to make sure your health insurance premium never goes up?
Number three, how would you like to have a, what was it, a retirement plan or something like that, Rob, that he said, pension plan?
Pension.
And then number four, there was one other thing that took place on what it was, right? But he put it in a funny way that we were doing it, but there was a part of it that was serious. The employee against the employer, right? That was the method that was going on. So the question becomes two things that I want to address. Number one, Tom and Eric. Who takes a hit here the most?
One, you said drivers. The $800,000 because of Waymo comes up. We got that one. But how about the guy that's Ubering? So if you're spending $10 to go somewhere, if they raise the wages on them, Uber has to pass it to you because Uber's still got to make sure they're getting their 20%, 30%, 40% of their EBIT or whatever margins they got.
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Chapter 5: What insights does Polymarket provide about market predictions?
So now you could have five analysts and then what does Polymarket say, which is a neutralized, centralized gathering of what the public thinks. And so now you see that. And I think this is really interesting Is this a good bet? Like, would you do it if you were them? Can you understand this purchase? I completely understand what they're doing.
Because Kalshi opened its doors about six months ago and said, here, go look at all of our predictions, our final predictions, and go look what happened afterwards. And Kalshi's correlation was very high. So people are like, well, wait a minute.
Chapter 6: What are the implications of the $2 billion investment in Polymarket?
You know, they pick favorites and underdogs based on gambling because they want to make money in gambling. So there's a certain part of what the house is doing. But in Cal State, it was what the overall market was doing. It was pretty accurate. So polymarket, that data will now be available. And you will also say analyst, analyst, what do you think of it?
I want to stand, I'm texting Jeff Sprecher right now. He's the CEO of the Intercontinental Exchange, which owns the New York Stock Exchange. Full disclosure, years ago, I've known Jeff a long time. Great guy, great CEO. I think this is a brilliant... I just told him we were on right now. I told him it was a brilliant move. He said, thank you.
It's likely the largest private investment ever made in crypto. And that is a little twist to it because he's pushing everything forward. The reason why I love this trade, this bet, the $2 billion bet, which is not a lot of money for a company like ICE or New York Stock Exchange. They're smart. They see their competition. You don't want to...
Chapter 7: How does the conversation shift to Candace Owens and Turning Point USA?
I don't care what you say, part of investing, if you're a day trader, you're a trader, a long-term trader, part of investing, there's a little gambling feel to it, right? If I make money, I feel great. If I lose money, I feel horrible. There's a gamble to it. The poly markets let you bet on everything, whether it's an election, the outcome of a sporting event.
And by the way, the beauty of the markets like this is you continue to bet as not only the money flows, but as the game changes. The Ravens throw the ball down the field and, you know, the guy catches it on the five. All of a sudden it goes, you know, swings towards Ravens. You want to bet. So there's constant activity. Exchanges want that. Exchanges want buys and sells in and out.
The more they take a piece of, you know, they wet their beak with every single transaction. Brilliant move, Jeff Spurker. Brilliant move. Bravo. He's watching now. Brandon, your thoughts.
Yeah, no, I concur. I mean, it's probably the best predictive data gathering tool out there. I mean, data is what the future economy is going to be built on. And if you're in the business of making predictions, you want to access as much data as possible. I saw that they are 90 to 94 percent accurate with the predictions they make on polymarkets.
I mean, think of the power of that applied to the stock market and investments in the stock market. Better than Kramer?
Yeah, like the opposite of Kramer. Yeah, this reminds me of, do you remember that one movie back in the days, Rob? You may remember this, where these rich people are sitting in a hotel room and they're trying to find anything and everything to bet on. You know, the cleaning crew comes in. Who can hang on the curtains the longest? It was just anything and everything.
I want to see, is it Trading Places? Is it Trading Place?
No, I remember Trading Place.
Is it Rat Race? It's Rat Race. No, no, it's Rat Race. Anyways, it's one of those movies where they're literally betting on anything and everything they can get on, and that's kind of what Polymarket is. Pick something you want to bet on, they're going to come up with it. All right, next story I want to get to is you and I spoke last time when we were on the podcast.
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Chapter 8: What are the potential impacts of the Fannie Mae and Freddie Mac IPO?
we talked about Candace Owens, if you remember, when the Candace Owens conversation came about. And then I called you and I said, hey, Eric, people are asking questions about two items. One, the comment you made about being on the board, and the other one was a comment made about... that Candace hadn't spoken at Turning Point USA for two years. I think you said that.
And then the audience sent a message, which was June of 2024, 18 months or 14 months prior to you speaking. I know you responded to it on your channel, but people want to see on you responding here as well. What do you have to say to the audience? So it remains 2019. I was going from a show I was hosting in D.C. to a restaurant just outside the D.C. area. I get a phone call. It's Charlie Kirk.
He said, Eric, I'd love to have you on the board of Turning Point USA. It just wasn't. maybe a year or two of its real gusto at the time. I said, Charlie, I love your vision. I'd love to do that. I've spoken and I was an advisory board member from 2019 to 2024, 2024 ballpark, early 24. And then I moved over to the honorary board. I'm still on their honorary board.
So anyone who says like, oh, he's not on the, no, I'm not on the actual day-to-day business of the board board, but I'm an honorary board member after spending five years as an advisory board member. Clear that up. Walk past that. As far as the comment on Candace, I think I said I hadn't seen her. She hadn't been a speaker at TPUSA for a couple of years.
And I guess I was mistaken because it was 18 months. And I had forgotten about the 2024 event as I think she was pregnant. Anyway, Candace Owens' army let me know it. They were very upset. And this was all stemming from kind of a back and forth I had with Adam about –
she was blaming israel for charlie kirk's assassination i just didn't think that was a fair assessment and then turns out the next day she said it was the u.s government who assassinated charlie kirk i have no axe to grind with candace owens or her fan base that that's fine i'm just living in the real world a little bit a little bit more reality uh based i believe there are there are forces behind charlie kirk's assassination but i don't
think it's israel i'm pretty sure it's not and i'm pretty sure it's not the u.s government who do you think it is i mean i think it's a the trans activist group funded by the you know the soros network of liberal progressive lunatics um and whether it's directly funded or they just fund these antifa groups and these these it's riles up their base and their base is anti-trump anything pro-trump
gets in the way. And because of Charlie's success reaching into young people, he became a target to this whole Antifa trans progressive left cabal. Did you see the text that Candace showed a couple of days ago? Have you seen the text you're showing? I don't think I've seen it. Do you have the text? I don't know if you do or not. If you do pull it up, I'll read it. Is that a minute?
It's going to be too long to go through for three minutes. But if you is there. OK, Charlie Kirk, go to the text part. OK, so Charlie just lost another huge Jewish donor. Two million dollars here because we won't cancel Tucker Carlson. I'm thinking of inviting Candace. 3.49 p.m. Oh, Charlie Kirk, Jewish donors playing to all the stereotypes. I cannot and will not be bullied like this.
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