The AI Spending Boom is Propping Up Wall Street — and Trump | Pivot

Kara and Scott discuss Tesla’s rollout of cheaper models, OpenAI's $1 trillion computing power deals, and why gold prices have topped $4,000 for the first time. Then, who will be Apple’s next CEO when Tim Cook steps down? Also, major banks want to get their hands on the IPO of Fannie Mae and Freddie Mac, and and Kara reveals her criminal past. We're going on tour! Get your tickets at https://pivottour.com #pivot #podcast #karaswisher #scottgalloway #tesla #openai #nvidia #circulardeals #ai #apple #timcook #gold #fanniemae #freddiemac #nationalguard #trump #nobelpeaceprize #shutdown Timestamps: 00:00 Intro 7:33 Tesla’s Cheaper Cars 15:28 AI’s Circular Deals 27:38 Gold Prices Rising 35:58 Apple’s Succession Plans 43:58 Fannie Mae and Freddie Mac IPO 47:30 National Guard in Chicago 58:48 Predictions Producers: Lara Naaman Zoë Marcus Taylor Griffin Annika Robbins Video Producer: Jim Mackil Vox Media's Executive Producer of Podcasts: Nishat Kurwa Subscribe to Pivot on Apple Podcasts: https://podcasts.apple.com/us/podcast/pivot/id1073226719 Subscribe to Pivot on Spotify: https://open.spotify.com/show/4MU3RFGELZxPT9XHVwTNPR Follow us on Instagram and Threads at: https://www.instagram.com/pivotpodcastofficial/ Follow us on TikTok: https://www.tiktok.com/@PIVOTPODCAST Send us your questions by calling us at 855-51-PIVOT, or email pivot@voxmedia.com

Scott GallowayhostKara SwisherhostGuestguest

Oct 10, 20251h 7mWatch on YouTube ↗

EPISODE INFO

Released: October 10, 2025
Duration: 1h 7m
Channel: Pivot
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Kara and Scott discuss Tesla’s rollout of cheaper models, OpenAI's $1 trillion computing power deals, and why gold prices have topped $4,000 for the first time. Then, who will be Apple’s next CEO when Tim Cook steps down? Also, major banks want to get their hands on the IPO of Fannie Mae and Freddie Mac, and and Kara reveals her criminal past. We're going on tour! Get your tickets at https://pivottour.com #pivot #podcast #karaswisher #scottgalloway #tesla #openai #nvidia #circulardeals #ai #apple #timcook #gold #fanniemae #freddiemac #nationalguard #trump #nobelpeaceprize #shutdown Timestamps: 00:00 Intro 7:33 Tesla’s Cheaper Cars 15:28 AI’s Circular Deals 27:38 Gold Prices Rising 35:58 Apple’s Succession Plans 43:58 Fannie Mae and Freddie Mac IPO 47:30 National Guard in Chicago 58:48 Predictions Producers: Lara Naaman Zoë Marcus Taylor Griffin Annika Robbins Video Producer: Jim Mackil Vox Media's Executive Producer of Podcasts: Nishat Kurwa Subscribe to Pivot on Apple Podcasts: https://podcasts.apple.com/us/podcast/pivot/id1073226719 Subscribe to Pivot on Spotify: https://open.spotify.com/show/4MU3RFGELZxPT9XHVwTNPR Follow us on Instagram and Threads at: https://www.instagram.com/pivotpodcastofficial/ Follow us on TikTok: https://www.tiktok.com/@PIVOTPODCAST Send us your questions by calling us at 855-51-PIVOT, or email pivot@voxmedia.com

SPEAKERS

Scott Galloway
host
Kara Swisher
host
Guest
guest
Narrator
other

EPISODE SUMMARY

In this episode of Pivot, featuring Scott Galloway and Kara Swisher, The AI Spending Boom is Propping Up Wall Street — and Trump | Pivot explores aI Bubble, Tesla Troubles, Gold Rush: Markets Fuel Political Chaos Kara Swisher and Scott Galloway dissect how an AI-driven market boom, centered on a handful of tech and chip giants, is propping up Wall Street and indirectly enabling Trump’s political maneuvering. They argue Tesla is sliding into an auto-industry “death spiral” while Elon Musk distracts investors with AI and robots, even as Chinese EV makers out-compete on price and innovation. The pair examine OpenAI’s trillion‑dollar compute deals and circular investments with NVIDIA and others as classic late‑stage bubble behavior that leaves the entire U.S. equity market dangerously concentrated in ten AI winners. They also touch on gold’s surge as a vote of no confidence in the dollar, looming Apple succession, bank jockeying for a Fannie/Freddie mega‑IPO, and Trump’s domestic troop deployments as a step toward normalized authoritarian tactics.

RELATED EPISODES