Chapter 1: What is discussed at the start of this section?
Adam, what's your point?
The future looks bright. My handshake is better than anything I ever signed, right here. You are a one of one? My son's right there. I don't think I've ever said this before. All right, Business Wednesday. We decided to up the game a little bit with looks. We decided to bring Brad Lee with a great voice who should have been in Hollywood. He should have been a big-time actor.
We should have been, like, looking at the Scott Academies. But he chose to get into business, and he's made some money for himself. So, Brad, it's great to have you on the podcast here today. Thank you. We got Tom and Brandon. The goal is to get smarter, folks. We got Rob and I here as well to facilitate.
But some of the things that we're talking about, whatever you're doing right now, there's a group of people – that are on the way to China to have a meeting there. And some of these guys are some of the most powerful capitalists in the world. A guy named Elon Musk, you may recognize. Jensen Huang, who apparently they picked up somewhere with the Air Force One or something happened.
You know, the fake news said he was not going. Then the president tweeted and said he is going. And so he's also going. Then you got Tim Cook. You got a bunch of guys. So we have to talk about what's going on there. Why is this such a big trip? Is this all the people get off the plane, Rob?
Yes, sir.
OK, so why is this such a big deal? What are the conversations going to be happening? You know, a trillion dollar investment in the U.S., you know, what topics will happen with Iran? So we'll definitely cover that ourselves. Now, while this is happening, talk about timing. A lady named Eileen from Arcadia, California, is a Chinese spy and she admitted to it.
So if there's ever been a time to be the worst time to go to China, can you imagine Trump's like, hey, can you stop sending these spies to America? Like, this is enough to Xi. And Xi's going to be like, what are you talking about? Well, one of your girls just told us she's a spy and she's doing this. So that happened simultaneously just a day ago in the story of this girl.
from Arcadia, Mayor Eileen Wang, great name, who was dealing with being a Chinese spy herself. Then we got the story with eBay and GameStop we got to get to because eBay finally said, listen, we don't want this offer, but you have to just see the exchange. We never reacted to it. We will. The president made a comment about economy.
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Chapter 2: Who are the key players accompanying Trump to China?
I'm going to balance the budget in New York, but he's not telling the full story. Part of it has to do with Eric Adams, the guy before him. Part of it has to do that mommy from New York State sent $4 billion. I think she sent $8 billion. What's your allowance, by the way? Think about what your allowance was when you were a kid.
There's this mayor in New York City whose allowance is $4 billion and your mommy bails him out because she wants to support his socialistic agenda. So we're going to talk about that. The president told him, he says, why don't you be a little bit nicer to billionaires? Can you imagine what a weird thing to say? Be a little nicer to billionaires. Mamdani, he's not going to be nicer.
He's doing what he's doing. And while that's going on, a data came out showing there's more sellers than buyers in real estate. More sellers than buyers. In a typical market when there's more sellers than buyers, what happens to the price point? It goes down. But it's kind of not fully happening.
Chapter 3: Why is the Trump-Xi summit significant?
We're going to tell maybe the whole story. We'll get through it. While this is going on, another story came out about Grok. Grok is losing market share, apparently, according to this story. I think it's a Wall Street Journal story. But there's more to it. There's more to it that people are not talking about. We'll get into that as well. First thing in the morning today, CPI 3.8.
And inflation, we'll talk about that. That was literally reported this morning. I saw that on CNBC, Tom. I'm sure you got some thoughts on that. And then we have to play this AI graduation speech. This lady gets up on the stage. Her name is Gloria. and she's a VP of strategic thinking of this one company, gets on stage, and she's thinking the kids are going to be all in her favor.
And then she says something about AI, and you should hear the reaction of the graduating class. She looks around to be bailed out, and she somehow came back into it, but she lost the audience with making one comment about AI. Kids did not like that, and that leads to a story I got here with Gen Z. Gen Z's income stacking.
These guys have to have multiple jobs to be able to pay their bills, and it's not a good thing, and I got some data to share with you when it comes out today, and I know Tom does as well, and Brandon does as well, and then last but not least, This guy named Kevin Hart was kind of a big deal. Very funny, very talented. When he's in movies, it's just funny as hell. You got to watch this guy.
His business, his media company that at one point was valued at $600 million, apparently is no longer valued at $600 million. There's some speculation about his phone number changed, and maybe this has happened in the past before. And so we'll talk about how to actually run the business and getting the team that wants to work with you and run through the wall with you.
So we will talk about that as well with Kevin Hart. So with that being said, before we get started, a couple things I want you to be thinking about. You notice with everything that's going on with these guys visiting China and who the president is picking up to take with him, look at the way he thinks on the amount of power he wants to bring to China to sit down in the negotiating table.
Why would you bring Musk? Why would you bring Tim Cook? Why would you bring Jensen Huang? Why would you bring all these guys? Why would you take all these guys to go? Maybe this whole thing is about sequencing and decision-making that's going to lead to the end of being what he can get with Iran and, hey, give and take, and he knows the leverage that he has.
All of this comes down to one thing, and that is if you want to win in life, you have to know your next 5, 10, 15 moves. So once a year we host a conference called the Vol Conference. I want you to watch this video. It'll give you a little bit of details about that. We'd love to see you at the event. We do this every year. This is the Super Bowl.
We're expecting 12,000 people this year at the Vol Conference. Go ahead, Rob. So the sequence in which decisions you make in life matter. Let me explain to you what I mean by this. If you and I were to play chess, do you know how many first moves you can make playing chess? Only 20. You have 20 different ways of making a first move.
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Chapter 4: What are Iran's internet choke point threats?
You know the second move? 400 different type of moves. Third move is 5,362 different ways. But you know what your fourth move is? You have 319 billion different ways to make the first four moves in chess, so let alone life. So what does this mean? Do I start the business for it or do I save the money? Do I get married and have the kids and travel? Everything is about sequencing.
This is why at the Vault Conference we talk about making your next five moves. Move number one, master knowing yourself. Move number two, the ability to reason and make better decisions. Number three, putting your team together. Number four, how to scale. Number five, power plays when it becomes nasty and competitive.
So if you're somebody that wants to take your life and your business to the next level, once a year we host a conference called the Vault Conference. This year we're doing it at MGM Grand Arena Las Vegas. 12,000 people from 60-plus countries will be attending from August 31st to September 3rd. If you haven't yet registered, click on the link above or below. Get registered.
I look forward to seeing you there. There you go. So Vault Conference, go to vault2026.com. Again, vault2026.com. Get your tickets. Come down to the event. It'll be some of the best. I believe we have the best business community in the world. I really believe that. And I'll tell you based on what. It's not just money. We talk money.
values and principles, how to raise your family, faith, you know, raising your net worth. Everybody, you're in a room with 12,000 different people that look at life similarly to the way you do. So if you haven't yet registered, click on the link below. Go to vault2026.com, register. We'll look forward to seeing you there. Okay, with that being said, let's get right into it. China.
So U.S., the president, has a trip that was supposed to be in March, right? Gets postponed. Let's see what happens with Iran. He didn't have the cards at the time, or he didn't feel like there was a need to go there at the time. But this time when he's going to China, he goes stacked. Who does he take with him? He takes his power players.
He takes the guy that is about to step down from Apple, but is running a $4.5 trillion company. He takes another guy named Jensen Huang. who is running Nvidia and is currently valued at $5.2 to $5.5 trillion. He takes all these power players with him on the way. He takes Elon Musk, that's worth about $850 billion, struggling financially.
You may want to start a GoFundMe to support him a little bit, right? He can buy countries. That's how much wealth he has. And he's taking it with him to say, let me tell you who we're coming here with, right? And so while that's going on, everyone's speculating. What's going to be talked about? Would Iran be on the table? Will... the investments they're making in the U.S. be on the table?
Will Taiwan be on the table? Allegedly, some of the topics, he's even talking about one of the guys that got arrested. What's the guy's name, Rob, the guy that got arrested? Jimmy Lai? Jimmy Lai, yeah, that got arrested. Apparently, he was a loud billionaire saying certain things. Notice Jack Ma kind of disappeared, and he's not saying anything anymore.
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Chapter 5: What challenges do leaders face in problem-solving?
But they're not all saying the same thing. What is the right thing for us to do today, right? So then my choice is to take the intel from Tom, take the intel from Paul, take the intel from different guys that we have. All these other guys are saying, here's what we should be doing. And then say, okay. I'm going to go with Tom. Or you know what, Tom?
I like the idea, but let's postpone it for six more months. I'm going to go with what Paul was saying. But to each of them, they're all smart guys. We all think we're smart and our idea is the best idea because we know what's best for everybody, right? But guess what we don't have? We don't have all the what? We don't have all the intel. And we don't have the sequencing that they're dealing with.
And specifically the weight of the sequencing lies on who? On the leader. And he has to decide which problems do we want to solve now. And one of the hardest things about solving problems is you will never, ever hit 100% of the problems that everybody thinks is the most important. You will never be able to hit it.
If you think about leadership, you're 100% of the time not going to please 100% of the people. That is an out. So because he won the election, not everybody else won the election. One guy won the election, which is who? Him. He's the one that gets to say, at this point, I think this is what's most important. At that point, I think this is what's most important.
And you'll listen to everybody, listen to the market, and see what you do next. I will tell you, if this affordability goes like this longer, this is a bigger deal than they're thinking. Tom said it's a very, very important thing about 15 minutes ago. When we looked at what farmers are dealing with today and the price of
The price of fertilizer that's coming from straight of Hormuz, the price of fertilizer has gone up. And so the margins for these farmers have gone from 5% to 10%. These guys barely make any money to now they're going into negative 5% to 10%. Farmers don't make money. The bigger farmers are going to buy them out. They're going to knock them out. And then you and I are going to feel the prices win.
Not today. You're going to feel the prices win 12 months from now. You know, 18 months from now, six months from now, this is a 2027 problem already. So how do you address that? So these are things that, you know, he has to. And when you say stock market, Wall Street is not Main Street. There's a big difference between Wall Street and Main Street.
Like I'm doing great financially, but I'm Wall Street. Main Street is not doing great. Main Street is trying to get married. Matter of fact, let me go to this next story here, and we'll talk about Gen Zs, what they're doing with their careers right now. When I look at Gen Z, okay, the rise of income stacking, why Gen Z is juggling multiple jobs, okay?
And the story right next to it is a changing economy. Job market leans against men. What does that mean? What do you mean leans against men?
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Chapter 6: How is Gen Z adapting to the job market?
Wait till you see this data, Rob. I don't know if you have it or not. Okay, you have it. Fantastic. Watch this here. Let me read both of them on what men, Gen Z men in America are dealing with today. First story that we have. Okay. Tamika Gomillion is working two jobs, an usher at an event space and a receptionist at the student center.
While finishing her computer engineering studies at the University of the District of Columbia, the 35-year-old said she's juggling multiple jobs at a financial necessity and with the rising living expenses, she expects to maintain several jobs. Even after she lands a job on her career track, one job would be easier, but I know if I have another, that's a check I can either put on the side or...
Could just be my play money, multiple jobs. Gamillion is among rising number of Americans who are income stacking or taking on multiple jobs to build financial security. After dropping during COVID, the share of people working more than one job has increased over the past few years. Government data shows in April nearly 8.4 million U.S. adults or about 5.2% of the workforce were unemployed.
working multiple jobs according to the Bureau of Labor Statistics. It's important context to look back and see that actually around COVID, that number plummeted from pre-COVID era to historical because you gave them free money. That's the part that they don't say. You send UBI. You send money to them that they weren't dealing with. Now watch this.
This goes to the next one, which is a change in job market leaning against men. Rob, if you want to pull up that report, the data that you had. This one right here, if you can go a little bit lower to the chart, Rob. Look at this chart. Cumulative change in non-farm jobs since December of 2024. That's the plus minus for men and women. And it's 400,000 more jobs by women
And jobs for men decreased. Now, why is this happening?
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Chapter 7: What is the impact of AI on job prospects for young adults?
If there's one chart that we look at, Rob, is college degrees for women versus men. And I don't know if it's in the same chart or not. Let me see that one right there. Employment as a share of population, 1950s, 85% men to 30% women. and then bring you to COVID.
Chapter 8: What is happening with Kevin Hart's media company?
Forget about COVID, so make the drop with COVID, and then go to today. 55% is where they're at, and 65%, this is according to the Labor Department. We're getting fewer and fewer jobs for men and more and more jobs for women that it's kind of flipping. And when you're looking at this, Tom, I saw data today that Gen Z men, 62% of Gen Z men ages 14 to 29 is Gen Z. So go...
18 and up, the adults, like, you know, adults, Gen Z. 62% of them have taken themselves out of the dating market. They're not even looking.
62?
62%. You know what it was in 2019? What? 51%. So it's gone from 51% to 62%. Now, what do you think it is for women, Gen Z women? It's 34%. That means 66% are looking. But men are like, we're out. You know what the average date is today that Gen Z pays for dinner when they take a girl out? $205. For millennials, it's $259. The average in America is $189.
You want a Gen Z to take a girl out for $205? Like, what's $205 after tax money? That's $250, $300 pre-tax money. So think about what they're dealing with today. And we need these guys to be willing to get married, to be willing to have kids, to be willing to date. So it's a little bit of an issue. Brad, I'll come to you first.
What are you thinking when you're seeing these numbers with young men, and specifically Jay-Z, working multiple jobs and being in the dating scene? I see it as a positive sign. It means the entitlement's going away. these Gen Z guys, you're assuming that they're paying for dinner, first of all.
Second of all, I see more women getting jobs because I think less men are, you know, taking that masculine position. So I see it as a positive that they're doing it only because it shows me that the entitlement is starting to fade. You've heard the whole... tough times make strong men, strong men make good times, good times make weak men.
I think that cycle continues, and I think that's a sign that we're starting to- What cycle are we in, weak men? We're just coming out of weak men. Weak men cause bad times. And in bad times, create a strong man, and then we're back at it again. That's a sign of stronger men coming. So are you saying Gen Z are weak men? Yes. You are saying that? I think they're entitled.
And not only that, it's like, you know, that's why more women are probably getting jobs. They have to. The men aren't stepping up or weren't stepping up. I think they're starting to. Interesting. Interesting. Brent, do you agree with them?
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