White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue

as we know, the way the Chinese operate when it comes to kind of industrialization is they can move fast, they can move big, they can move heavy, they can dedicate resources, they can dedicate an entirely vertically integrated supply chain to achieving an objective. So this will end up being kind of, I think, the big race over the next couple of years.

security has become such a kind of top requirement and product category that it now effectively enables a Beachhead type model to be successful

When this investment was initially made, there was not a lot of money going into security. There still isn't. It's an under-invested category and with AI and the threat of the types of things that people can build and vibe-coding and everything in between, you're going to need better security. I'm excited to see that maybe this might become an investable category.

So in an extremely difficult, confusing storm, what is the best thing to do when you're driving the storm is just maybe try to keep the car going straight, not hit the brakes or not hit the gas. And that's what they're doing. They're taking a wait and see.

Again, there was a really interesting anecdote where Bessent talked in the interview about how he really wants to deregulate and loosen up bank lending standards, particularly at the community level. And I think that this is one very interesting thing that is a workaround to the Fed.

there is great news, I think, for the venture industry. This Google acquiring Wiz, I think this could be the starter's pistol.

Yeah, that's a Saudi conglomerate. And so that exited for 3.7 billion. And I think we're going to start seeing some movement, especially with the new administration.

So I think there's an overcorrection here that's happening, which I think is dangerous. And I think it's going to slow down the pace of cuts, which I think will then create a lot of other pressure in the economy.

About a month ago, the 10-year was at 4.5 percent, and today it's at 4.22 percent. And so in the last month, we've seen rates on the 10-year decline by about a quarter point or about 30 basis points. And so the bond market is giving some kind of opening to the Fed saying, look, we expect that this is going to be deflationary, this is going to be recessionary. We are expecting you to cut rates to the Fed.

I think that the government has long relied on private industry to solve some of its biggest problems, and that's what sets us apart from other countries in the world. And so you look at some of the best companies like SpaceX, Andoril, etc. We need more companies like this if we're going to compete. And so doing this absolutely makes sense, and it's just going to help the sales cycle to get that sort of stamp of approval that our government is using that software.

Could you imagine if some of this 20 percent time was allocated to rebuilding the core infrastructure of America and giving back to the country that gives you the ability to have a multi-trillion dollar company?

One of the things Lutnick said in the interview, which you didn't see in this clip, is that the government can actually accept for free contracts, these gratis contracts, and you don't need to go get approval to do it. So they can operate in the executive branch.

I think companies will be much more aggressive on M&A. Jason, it's what you've been asking for. I think you're going to get it. I think the reason why you're going to get it is you're going to have a very open-minded administration that will let the M&A happen.

And so when you have a bunch of people who can't buy anything, and consumerism is a big part of our, unfortunately in some ways, our culture, what does that do to our country? If you're looking around, there's urban blight everywhere in retail, and we can't fill our malls, we don't have brick and mortar stores, they're shutting down, Forever 21 just shut down.

And so having spent far more on the Starliner program than on the Crew Dragon program, the Starliner program is gone now. It's basically done. And the Crew Dragon program has now done 16 crewed flights to space, 11 for NASA, four private commercial flights, and continues to perform.

Well, obviously, Boeing is the big loser here. You've got to, it's interesting to me how bad they just fumbled this.

the reality is that SpaceX is the only company that has consistently been able to take these costs and just crunch them down to more than one launch a day this year, I think. It's just an incredible scale and pace. No, there is no economic alternative. They are the absolute cheapest in the market.

$10 billion a year of incremental profit against $40 billion of cloud revenue, and against $1 billion of Wiz revenue. There's a lot to be kind of built here to make this make financial sense.

I think the strategic rationale is quite clever, which is you start to gain customer traction and workloads in all of these other environments. And I suspect that TK is smart enough to try to pull these workloads back into GCP.

We've never been in a situation where in a hundred days, a federal government is setting out to cut their spending by a trillion dollars, which has a significant effect, a recessionary effect on the economy, because there's less federal dollars flowing out, which goes as revenue into various businesses and income for a lot of people that are employed as contractors or directly by federal government agencies

One of the biggest mistakes that I think Janet Yellen affected was this continued issuance of money on the short end of the curve to finance these deficits, which gives you, you inherit, an incredibly difficult challenge, I think, over the next nine months. I think there's like nine or 10 trillion that has to get refinanced.

coupled with, for the first time in a hundred years, a significant change in the policy for tariffs for goods flowing into the United States, and whether that will reduce spending by consumers or drive up the cost of products by consumers.

if you look at Shein and Timo before this podcast, I wouldn't looked up that their prices are up by 27 percent or something like that. And so when you used to be able to get a garment for $18, you're now paying $37 and Zara is like $75 for an equivalent.

while China is, you know, their kids are the leaders in AI. You know, DeepSeek should show us that, you know, we have underestimated China every step of the way.