10:15 Yes, there's no examples of what good discourse is. Phony discourse which is... What you see on television? Is that not exactly the same? You're watching a play! Yeah but isn't that exactly what you see on Twitter when people argue it's just bullcrap they're just yelling back and forth there's no resolution It's not adult behavior. It's stupid Now this descended to an incredible, for me a high. For many a low on CNBC you probably saw this I think it's worthwhile to play the entire clip in context because... Oh I'd love to play the entire clip Yeah because it was just clipped here and there And if you haven't seen it
10:55 Rick Santelli who has always been kind of a troublemaker on CNBC and he's appreciated for it. I think in the 2008 financial meltdown. He was yelling, yelling every single day and he was telling us... His complaint during 2008 which I thought it was unwarranted but he did it which is that the people who got suckered into these stupid subprime mortgages and then lost their houses and he said they're idiots And they deserve what they got. Very unsympathetic to the fact that most of them were victims of sales pitches, which is something I'm somewhat sympathetic towards anyone who gets sold down the river or kind of buy into it because they're not necessarily a bad person but he really was very accusatory. I thought it was unfair personally but in this situation with I believe David Sanger
11:59 No, it's Andrew Ross Sorkin. Oh Sorkin I'm sorry sanger or Sorkin and both in the New York Times Yeah, and sork is from The New York Times. He's an old in New York Times hack And he would be part of this system oh yeah Somehow the golden boy on CNBC this what is he done that has made him so revered people oh Andrew Ross Sorkin Oh and Ross our guy haha we could waltz over to the Wikipedia and check him out but he is a New York Times Golden Boy there And he was, in fact I remember talking to him about him and with some other New York Times reporters. He was one of these guys that was going to be bureau chief which i think you became maybe from Hong Kong or something went all over the world if you know what that means. Hong Kong and then... Oh! I remember it's because he co-wrote Too Big To Fail
12:54 Including the movie adaptation and he's the co-creator of billions. That's why cuz of course it's a Hollywood connection So he was going to be He was on the fast track to become like that editor Of The New York Times or The Executive Editor or something like that And then he was very successful with these books, and he got kind of full of himself So he like, once you do that at the New York Times they'll just kick you to the curb. And so he's over now at CNBC as their... CNBC? You know unless he can't get out of CNBC I don't see any...I think he said a dead end but his problem is obvious why he didn't become editor of The New York Times if he doesn't have vocal fry
13:37 He's listened to the previous editor, you know obviously I read The New York Times like all day long mainly on my iPad app. That's what if that's Jill Abrams if you want to be edited The New York Times that's the attitude You got to have but no Instead, he threw on his Superman cape and flew around Rick Santelli telling Rick Santelli that he's hurting people is dangerous and he has to intervene in his rant because this is bad for society. And we need a public service announcement for health and safety of our viewers! Believe me I believe in careful when I point out governors cheating it's not for the high
14:20 hypocrisy which exists. It's the fact that I think many of these governors... That's the point that I think a lot of people didn't hear it really, it started about the hypocrisy of the governors and the mayors. Mayor Adler in Austin jetting off to the Times, the family timeshare in Cabo when he told everyone to shut up and stay home then of course the Newsom and London Breed and also the San Jose Mayor. All of these douchebags, you know they should just we should just go torch the French laundry I'm not this is not an instruction it's not an instruction well they're doomed if that happens but if you want to get the attention of your government burn down their favorite eatery that would be a start anyway back to the thing at hand. Genie! It's not for the hypocrisy which exists it's the fact
15:06 I think many of these governors are intelligent people and they love their families, which they've taken out into restaurants. Therefore there is actually and should be an ongoing debate as to you know why a parking lot for a big box store like by my house is jam-packed not one parking spot open Why are those people any safer than a restaurant with plexiglass? I just don't get it And I think there's And I don't think this has really been discussed. Maybe you and I have talked about it a couple of times saying why is This big big box store safe, and the rest isn't we've talked about this no one really does yeah, bitch about it Yeah, you do you do you do? Well before he lets us we gotta do a lot of setups there to get make sure this works Sorkin is gonna defend the big-box stores as being totally different totally different science
15:57 And I think what you might make the argument, even though he doesn't do it. You might make the argument that well when you go into a Costco which is open there is almost like being outside The roof is a mile high, there's a lot of air flow in there and it's kind of like being outside. So it's different than a small boutique and my complaint of course is that people can go into Target or Costco and buy clothes but they can't go to a small boutique and buy clothes. Now that argument about the big bucks I want people keep in their back of mind the concept that Target doesn't have these ceilings. Correct! Target as far as I'm concerned is just a department store
16:37 So why are they open? Oh, the Target. Remember this is a financial show where they're meant to hype certain stocks to make sure people buy them. Why are those people any safer than a restaurant with plexiglass I just don't get it and i think there's a million of these questions that could be asked and I think it's really sad that when we look at the service sector in all the discussions we've had about job losses that particular dynamic isn't studied more isn't worked more, we don't put more people in a room and try to figure out ways so that the service sector employees and employers could all come back in a safer way. You can't tell me that shutting down which is the easiest answer is necessarily the only answer
17:21 Rick, I just as a public health and public service announcement. This is my favorite! As a public health and public service announcement, I'm Andrew Roth Sorkin and i have written billions so let me tell you what the science is for the audience The difference between a big boss retailer Hey, who's that Jamoke? Hold on. The difference between a big box retailer and a restaurant or frankly even a church are so different it's unbelievable. Oh really? A church... I disagree! You're wearing a mask! It's science! Science! See that's the problem, ah damnit
18:16 Whenever you and I disagree over something, John... The way you used to end arguments online was, You're Hitler! And you don't do that anymore. You just say it's science!! If you say that then the end of discussion because you can't dispute science. Science! 500 people in a Lowe's aren't any safer than 150 people in restaurant that hold 600. I don't believe it sorry Don't believe it. And I live in an area where there are a lot of restaurants that have fought back and they don't have any problems, and they're open! Okay you don't have to believe it but let me just say this... You're doing a disservice to the viewer because the viewers need to understand- YOU ARE DOING A DISSERVICE TO THE VIEWER! YOU ARE! YOU ARE! Uh uh I'm sorry, I'm sorry if
19:03 I would like to keep our viewers as healthy as humanly possible. The idea of packing people into restaurants... I think our viewers are smart enough to make part of those decisions on their own! ...are completely different things! I don't think that i'm much smarter than all the viewers, like some people do! Can I get in here please and get back to the jobs report? I don't like mommy and daddy fighting! What's that working out for you Rick?! How's it all working out for you? I mean, look at the numbers. And then this guy Rick! Look at the num- This guy is a... Who is this? This is the fathead guy. Look at the numbers Rick! How's that working out for ya' Rick?! Why don't you just say He should've just added These people are dead because of Trump Rick You know that It's working out fine! Working out fine! I think the numbers Rick The lie
19:43 Rick, the numbers show that the idea of letting it rip has not worked all that well. I understand its a horrible thing and people are getting sick and dying! It's not worked all that well Rick. I just think the way we deal with this isn't necessarily optimal. I don't think if we spent the rest of this show talking about this there would be no agreement so let's move on from here. The science is in! Science? He's done they're gonna fire him Sorkin or Rick? Rick Uh...I dont' think so I mean if they don't he then he read book it if okay all right That's that's a worthy. That's a worthy one If they don't fire him, they'll be the equivalent of having tenure on television That's for sure because that's and I'm here what you're saying let me just see dates is December 6 2020 we have 1131 am JCD AC Rick