poly market is largely owned by peter thiel, a very, very close ally of donald trump and jd vance. >> yes. >> explain to us how these political prediction markets work, how broken they are, and explain to me why people are paying so much attention to them. >> no, it's -- it is frightening. and it's perhaps because we're so disappointed in polling not being very predictive. there's actually something worse than polling and weather forecasting, it's these markets. they don't predict anything. even mark cuban, who is an investor, as he admit, in peter thiel, who was the founder in his fund in poly market. there's a kid a 25, 26-year-old kid, steve i think is his name, who's actually running this. and he was hanging out -- he's friends with the trump family, hanging out with them at the rnc and partying with them. this thing is so subject to manipulation. we came out with a piece -- anthony and i wrote for time magazine. it's just a quantitative illusion. the bro culture believes if there's numbert science. >> the betting markets, the betting markets. when they're not talking about poly m

senate or or the next vice president if it weren't for peter thiel. >> that's not totally true. there are democrats were that's not true. even like osborne. let's talk about dan osborne in the state of nebraska. that guy doesn't even have a party and he's raising the money on his own. i think there's a lot of's small dollar donors. >> the support for broad reform that allows small dollar donors to come in universal. in my u.s. senate race, i took a pledge to no longer directly solicit money. i would let the campaign handle it and i would not solicit money. i had the biggest fundraising week of my entire political career when a publicly pledged not to ask for money. the heartbeat, the hunger within the country to take back a true democracy for voters is there. >> one of the other things with his money floating around into your point, about peter thiel, what happens is the message of campaigns get hijacked. there is so much more money being spent on the outside than the inside. it is cheaper for the campaign to buy tv ads. if you have outside groups spending hundreds of millions o

you named peter thiel who literally helped get j.d. vance elected and one could argue is one of the reasons he was on the shortlist and now the vice president-elect of the united states. >> the presence of susie wiles of the rockbridge network conference three days, i believe, after the election, one day after she was chosen white house chief of staff and she was talking to rockbridge donors for days including almost the entire trump campaign senior brass was spending multiple days during this chaotic, important presidential transition, kissing the rings of these donors. that tells you a lot. they didn't go to there for fun, they were doing this because they see the power in the republican party moving toward this network of donors. i think their schedule says a lot that they think is important in the republican party. >> let me tell you for the people out there saying, there are a bunch of amateurs, no. donald trump 2.0, this incoming administration, they are very organized and have clear ideas of what they would like to do. teddy, th

peter thiel on it very early. i went over to this. he was over in the presidio and we were debating everything like all this stuff. facebook's valuation, this is that he's gay. we were talking, he was like gay people shouldn't have special rights. i was like, how about equal rights? and he goes, i go, why can someone we had this amazing discussion about that. now he has kids. he may have a different point of view. and and so it was it was he was really and he was very pugnacious he's some of the stuff is weird. some of it's interesting. but he definitely the brains of the opera he was he was the brains of the operation back at paypal right he was the brains facebook you know he facebook. yes. he made a $500,000 investment for 7 to 10% of that company and had a good at not a good influence but he had an influence on mark clearly compared to say you know the bizarre stylings of marc andreessen or whoever theodor is very clear. so i pay attention to him more and what he's funding. right. got all tight with the mercers and that kind of st

poly market is largely owned by peter thiel, a very, very close eye of donald trump and jd vance. to us, how these political prediction markets work, how broken they are, and explain to me why people are paying so much attention to them? >> no, it is frightening, and it is perhaps because we are so disappointed in polling not being very predictive, that there is actually something worse than pulling, and worse then weather forecasting. it is these markets. they don't predict anything. even mark cuban, who is an investor, as he admits, and peter thiel, who was the founder of his fund in poly market, there is a kid, a 26- year-old kid, who is actually running this, and he was hanging out, he is friends with the trump family, hanging out with them at the rnc and partying with them. this thing is so subject to manipulation, we came out with a piece -- and i'm glad you mentioned it -- for time magazine, and we thought, they won't take it, because who would believe this thing doesn't work? it is just a quantitative illusion. the pro-culture believes if they are numbers, it is science. >

of course, peter thiel, jason calacanis, tom siebel, who hosted that fundraiser two months ago in woodside. these are all big money techies who are often lured to the promise of power in washington. and for many of them, it would be the next logical step. so what happens now with the ceos here? i saw on x in the last couple of days, mark zuckerberg directly congratulating president trump, president elect trump, sundar pichai at google. tim cook at apple is that if any president if kamala harris would have been elected. this is kind of that standard procedure there. yes. the short answer is yes. everybody does that. every tech ceo wants to work with the president. i mean, we know that they worked with trump in 2016. even those who out and out campaigned against him. the interesting thing here is those people you just mentioned wrote thoughtful notes on twitter to donald trump, jeff bezos of amazon, who has been fighting with trump for a long time, backed out of a washington post editorial and then wrote a very flowery congratulatory note. and you wonder if he's trying to get rid of that feu

and which my favorite rachel maddow calls him, peter thiel's failed intern. and i would agree he wasn't very good at tech. he was a senator and now he's probably to be president. i mean actuarial tables. he's trump is old too. like he could be president at any time and so i do not want anything to happen. violence is repulsive but i have to say he's in line and so peter paid $30 million to get him elected to senate and got him to the like. that's a very good and bad investment, a small investment to get him and is i'm sorry, his his he is i call him a billionaire's but that's a different way to put it. but i think he's bought himself in a very smart into that so he has influence and i think he has influence j.d. who used to be very anti-trump. right. and i don't particularly think peter likes trump either. you know, you can sort of i think he's a vehicle for him. and one of the things it'll be interesting how much he engages because he's not doing the performative stuff that elon's doing is like hanging at mar a lago and like waving to people on the patio. th

elon musk getting $130 million to donald trump is one thing, but peter thiel also helped create jd vanceit is not unusual for wealthy people to buy themselves a place at the table in administrations, but what do you make of this? charles: that happens on both sides, every -- ever since citizens united. there are too many people profiting from that for it to change. so that is going to continue. sonali: to the extent it continues in this round, people putting money in races are affiliated with different types of technologies, even when comes to elon musk, so what role is that going to play? what role is that going to play in the new economy and what are the ripple effects? it will impact jobs and energy consumption. it is just pervasive. charles: it is going to happen whether we have a policy or not. you would rather have someone advising the best places to use ai and the right policy for it. it will happen without us in other countries. that is not a bad thing, to have technology people around him. katie: i'm curious how you approach ai as an investor, recognizing it is a private growth

a lot of attention, in this cycle around 3 1/2 billion dollars you wagered the investment from peter thiel supported trump in 2016, and j.d. vance, questions raised about betting activity on polymarket one users reportedly cashed in huge over trump's victory known as the trump whale profit of 85 million dollars betting trump would win presidency and popular vote the company says he is a french national. >> thanks very much, this is outrageous. that the fbi, is not going down easy they know president trump is coming for them after all the behavior, against trump, and what do they do show up at poly market ceos home raid the place at 6:00 in the morning. they confiscated his phone computer, and girlfriend's computer as well. now taking bets on whether or not going to get raided again propriety in poor guy, they did nothing wrong, i -- i mean they accurately showed that the money the smart money was on president trump. i can almost guarantee if kamala harris won election there would have been no raid, right. maria: yeah. mark: this accept of u.s.-based voters placing bets, anyone can do that

caroline: it was said that peter thiel reminded us to not take president-elect trump literally but takeneriously. do we take literally a cut of $2 trillion that elon musk set on the campaign stage or is that more we take it seriously, the direction of travel? michael: the direction of travel certainly is something to watch. in terms of taking it seriously or literally, that is going to be a very difficult number to reach. here's why. that is more than the government spends annually on operations. basically cannot find enough savings at all the agencies to be able to hit that number. you would have to start cutting into benefits that are considered sacred here. medicare, social security, veterans aid. all those things. the voters who put donald trump in office will quickly see the pain and feel the pain back home in their own lives. it is more a direction of travel. maura notional -- more a notional target. putting that on paper and making it a goal and for how long -- $2 trillion maybe over 10 years, that might be something more achievable depending on what they decide to go after. ed: m

finance the next election and jd vance wouldn't possibly be the next vice president if it wasn't for peter thiel. >> that is not totally true and there are democrats for that isn't true. osborne. let's talk about dan osborne in the state of nebraska. he doesn't even have a party and he is raising money on his own. i think there are a lot of small dollar donors. >> i think the support for broad reform that allows these small donor dollars to come in his universal talking about a 75% issue. in my race that took a pledge to no longer solicit money and i would let the campaign handle it. i had my biggest fundraising week of my entire career politically when i publicly pledged not to ask for money because the heartbeat and hunger within the country to take back a true democracy for voters is there. >> with all of this money floating around onto your plate, what happens is the message gets hijacked in the campaigns. there is so much more money being spent on the outside than the inside and it is cheaper for the campaign to buy them like tv ads but if you have groups spending hundreds of millions of do

peter thiel, who already owns trump's would-be woman hating vice president jd vance. tom homan, who vows to deport whole families of immigrants that could include u.s. citizens. stephen miller, who seems to dream of the return of internment camps to u.s. soil along with mass deportation to make america white again. rfk jr., who trump has vowed to put in charge of not just women's health but all of our health. and who this weekend announced the first order of business will be to end the floridation of our water supply. taking us back to an era when childhood cavities and oral disease were ramp nlt. can guess that's before he ends childhood vaccination to, quote, make america healthy again, by allowing measles, mumps, and polio to make a comeback alongside the coronavirus, and why not bring back the bubonic plague. and there's trump himself. who this weekend topped his previous insanity by questioning whether a greek nba player whose parents were nigerian immigrants to that country is really greek. presumably because he isn't white. and boasted about his own beautiful w

when it comes to the media, given the lawsuit that he did with peter thiel that ended up gutting gawkeranies being destroyed. this is one of those. so what's your sense of like, does this mean anything seeing another person from thiel's orbit be in. you predicted this, scott. >> i did well, i mean, i thought ron desantis should appoint him to replace marco rubio. >> a senator. i think you weren't even doing that. that's a more serious thing. yeah, yeah. >> i mean, i think we can dedicate 1% of the u.s. senate to hulk hogan. i mean, that's that's probably just fine. look, look, he helped donald trump. first of all, he helped donald trump win, i think helped donald trump win donald trump win. and and and there were no shortage of celebrities of which hulk hogan is one who took the other side and tried to help kamala harris win. and if they wanted to do some some appointment, they probably could have gotten an ear on that too. so i don't really see the problem. how would it be received, do you think i mean, oh, i kamala harris, if kamala harris outrage, if kamala harris appointed some sing

both, i should note, are close allies of the billionaire investor and republican megadonor peter thiel. we'll continue to look at those picks because they will have to be jay at least will have to be confirmed by the senate. obviously that is going to be an intensive process going forward. as soon as trump takes office and all of this is coming as tonight, the biden administration is still making moves on its way out. they want the federal government to cover expensive anti-obesity drugs like ozempic and wegovy for more than 7 million americans who are on medicare and medicaid. this is a proposal that is basically reinterpreted, interpreting the law to treat obesity as a chronic illness. and what it would mean is that it could slash out-of-pocket costs for patients by up to 95%. but and here's a key. but the change would not go into effect until 2026 of a year into president elect trump's term. and as the person that trump has picked to oversee medicare medicaid, robert f. kennedy jr.. he has a different proposal giving good food, three meals a day to every man, woman and child in our

we have peter teal -- thiel, who is the benefit or -- benefactor of vance.hey support him because they want to see trump get into the office and they know trump is not going to last this whole four years. you are raising a bunch of interesting points about the decline of local media, about consolidation in various industries. go ahead, jerry. guest: the caller is absolutely right. the decline of local press, particularly local newspapers, but also affiliate networks around the country has had a much bigger impact than people realize. i think local media tended to be more of a stabilizing influence on communities. people knew the folks who ran their local newspaper. they trusted them, they provided balanced coverage, and it was a good antidote to national press and the national media conversation, which tends to be in the current environment much more partisan and much more fraught, if you will. i think the decline of local press not only made people have a harder time understanding what's going on in their community, it has forced them to do what the readers

peter thiel on it very early. i went over to this. he was over in the presidio and we were debating everything like all this stuff. facebook's valuation, this is that he's gay. we were talking, he was like gay people shouldn't have special rights. i was like, how about equal rights? and he goes, i go, why can someone we had this amazing discussion about that. now he has kids. he may have a different point of view. and and so it was it was he was really and he was very pugnacious he's some of the stuff is weird. some of it's interesting. but he definitely the brains of the opera he was he was the brains of the operation back at paypal right he was the brains facebook you know he facebook. yes. he made a $500,000 investment for 7 to 10% of that company and had a good at not a good influence but he had an influence on mark clearly compared to say you know the bizarre stylings of marc andreessen or whoever theodor is very clear. so i pay attention to him more and what he's funding. right. got all tight with the mercers and that kind of st

and which my favorite rachel maddow calls him, peter thiel's failed intern.and i would agree he wasn't very good at tech. he was a senator and now he's probably to be president. i mean actuarial tables. he's trump is old too. like he could be president at any time and so i do not want anything to happen. violence is repulsive but i have to say he's in line and so peter paid $30 million to get him elected to senate and got him to the like. that's a very good and bad investment, a small investment to get him and is i'm sorry, his his he is i call him a billionaire's but that's a different way to put it. but i think he's bought himself in a very smart into that so he has influence and i think he has influence j.d. who used to be very anti-trump. right. and i don't particularly think peter likes trump either. you know, you can sort of i think he's a vehicle for him. and one of the things it'll be interesting how much he engages because he's not doing the performative stuff that elo' isa lago and like waving to people on the patio. that's so strange. that's such a

peter thiel, the man who brought you jd vance. you know how you manipulate polymarket? polls, if you're worried about the polls having little representation of what's actually happening, do me a favor and go to the betting markets. united states investors, you cannot even play in polymarket if you're a u.s. investor. these are foreigners who we do not even know and we know from the last two elections and currently, you have foreign adversaries trying to interfere in the election. please do not be fooled by this nonsense and this noise. >> we also have with us mara gay, donny deutsch and job than lemire at the table, of course. mara, go. >> i spent the past week in georgia, where not only democrats but republicans, like the former lieutenant governor geoff duncan, independents, people who once considered themselves apolitical women are working their hearts out right now, and the reason is because in 2020 joe biden won there by 11,000 votes. i just want americans to remember that right now, because these betting markets, even just the polls, so much of this is something t

to say is for anyone who isn't familiar with the ideology that trump or elon musk or jd vance or peter thiel, these dark enlightenment types, but they propose. if you look up a book called democracy, the god that failed, that is very telling as to where they want to take us. i don't go too deep into the weeds with that. i'm very concerned about where we are going in for anyone who did the vote for the president-elect, i fear you have voted for the panthers will eat your face party. they are going to eat your face. your face is on the menu. host: ronald in florida, a supporter of the president-elect. caller: good morning. my name is ron. , donald trump supporter -- ima donald trump supporter and i was extremely happy when donald trump actually won. thank you very much for the call. host: vice president harris supporter, betty from pennsylvania. caller: i would like to say hello. it is not a very good morning in our house. i am fearful about this election. we have two granddaughters, 24 and 27. they always talk to us about being so fearful of donald trump and what his party is going to bring.

we have peter teal -- thiel, who is the benefit or -- benefactor of vance.t him because they want to see trump get into the office and they know trump is not going to last this whole four years. they are going to invoke the 25th and then vance becomes the president. i think that is the plan. people talk about this immigration issue and people coming across the border. americans, you need to think about years and years when american criminals commit crimes, where is the first place they head? they had to the border of mexico. we cannot even go into mexico to retrieve criminals because we do not have a tradition treaty -- an extradition treaty. guest: i do not think owners dictate what happens in coverage of news on a day-to-day basis. i can tell you that is a fact. in the end, news organizations are responsive to readers. that is the reason they stay in business. the underlying -- a lot of the concerns of the caller is the question of why, an economy that looks good on the surface translating into more support for economic policies of joe biden and kamala har