i thought your report showed many of the key aspects which is excellent, rachel has tracked peter thiel who funded anonymous lawsuits against journalists years ago and ended up bankrupt sing one. it was a corporate death penalty for a mistake in journalism. there's a big question of, what they want to do whether win or lose, to chill, and we should keep an eye on this. there's right-wing figures who want to bring the key first amendment case that protects journalists and has a height standard of reporting. they want to get it to the supreme court which means they may like a trump related laws that they can appeal to trump's supreme court. >> the context is trump has been doing this for ever. in the 1980s, he sued the chicago tribune when it's architecture writer described his proposed manhattan skyscraper is ugly monstrosity. the suit was dismissed. he lost deformations against cnn and the "new york times". ugly monstrosity is core first amendment speech. >> it's what protects donald's trump's rights to insult people. >> your point about, you have a bunch of people, peter thiel, elon mu

prominent tech figures including elon musk and peter thiel who both worked wrizzed a lot of money foronald trump. he has in the past been critical of donald trump. then again he worked at the dnc in july. he hosted that fundraiser out in silicone valley where we talked about $50,000 a head bus they have chairs for $2,300,000 if you wanted a picture with donald trump. >> brian: v.p. vance is best friends with him. says this is his best friend in silicone valley. >> ainsley: saks? >> brian: elon musk lived in that arena and lived in that area came up with him e has done his research in peter thiel saying this is the right guy. i was surprised to see one person handling both. i hope they can do it like the bibitcoin as well as ai. elon musk breaks up, he went out of his way musk listen, let's make amends. i will move on you can have paypal. he moved on i'm sure he got paid. when spacex was going down and tesla the paypal mafia steps up what do you need to keep it going? both companies in 2008 were about to go out. one comment musk made was karma. i ended good and they were there for me e

well beyond elon musk, larry ellison and peter thiel. late today, president elect trump picked high profile bay area lawyer harmeet dhillon for a high ranking job in the doj. the department of justice. specifically, she is being nominated as the assistant attorney general for civil rights. dhillon is the head of san francisco based dhillon law group and the former vice chair of california's republican national committee. she's also a trump loyalist. in a post on truth social, mr. trump praised harmeet dhillon for, quote, protecting civil liberties, including taking on big tech for censoring free speech. dhillon declined our request for an interview today, but she did tweet. she's extremely honored and cannot wait to get to work at the bay area. influence in that trump white house to be continues to expand. take a look at this. mr. trump also selected stanford doctor jay bhattacharya to head the national institutes of health and san francisco vc and former paypal executive david sacks as his ai and crypto czar. our other headlines tonight

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

valley a ton of influence, influence they didn't have in 2016 when we saw handful of buddies of peter thiel get in mid level positions in the white house. this is on another level. these are allies of elon musk major investors in x, the old twitter, investors and ex-a.i. and a huge stake in the future of a.i. and the policymaking around that. >> roger, what your take on this? >> i totally agree with max and he follows elon musk is closely is anyone on earth. silicon valley has a simple strategy here. two object is. one is to lower taxes to nothing and two is to have absolute freedom of action to do what they want to do. that requires undermining the rights of workers and it requires essentially having free reign to run experiments on the population. the group of people we're talking about are the architects of that strategy starting with musk but these guys are part of that as well. they are going to run this experiment and all of us will be on the end of that spear. >> what do you say to those, roger, jose finally. we will have people in these positions who actually understand these indust

you have musk, peter thiel, this is just weird. the reason they have powers because they have money. the only reason they have this vast wealth is because of the american system. they seem dead set to change the american system. it is very odd. our old party has fallen in love with this victor orban, all of these movements out there that are at their core, based on race and some sense of threatened national identity by people who were born in another country. that is more understandable in europe than in america. the whole idea as ronald reagan said in his last speech as president that anybody can come to america and be american. that is what is being challenged here by this group of south africans and by donald trump. >> ruth, weigh in on this from your incredible perspective in the study of how countries careen toward autocracies. >> the geopolitical design is of both musk and trump is clear. it is to align america with far right and autocratic nations. the transactional comes in where it's not about left and right because elon m

caroline: many feeling akin to peter thiel, now, the only one back in 2016. kurt wagner, great to have your time. thank you. coming up, foxconn. not quite sure how much they are interested in nissan anymore. we have the latest. this is "bloomberg technology ♪ ." ." ♪ (cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom sc

tim cook and peter thiel there with donald trump. a lot of people look at him as a ceo/diplomat. what is he doing right that other ceos can learn from? >> i think the most important thing is to have a cool and calm demeanor and to find a way to build rapport. the president is very good at reading people and if he feels he can let the person in and give him more trust, it actually makes a big difference. then you can build the resonance that makes a big difference. in this case, tim cook managed to build the resonance and was able to get a favorable carveout of the tariffs that the president was imposing in had china. similar at lockheed martin. i know her very well because i'm on the selection committee that made her the ceo of the year in 2018. she did a great job. the president was very vocal right after his election in 2016 saying the f-35 fighter jet was very expensive and the prices had to come down. she met the president many, many times and built a tremendous rapport with him. at the end, he was able to make an announcement with bringing the price of the new f-35 jets down

peter thiel ladyboys, as they're known in thailand, have led to many an embarrassing moment for the amorousowboy to buzz, to notice or care much about the details. >> my first experience with this kind of atmosphere in thailand happened in copenhagen in 1987. i met this girl and i was like, stoked because it was like, oh, she's into me. and like at some point she sat on my lap and she's like, oh, well, i have to go now. i have to go do something. and she gave me a kiss and i was like, i'm in. and the show started. looking for a guy for making a mistake. >> totally. >> many ladyboys, frankly, are pretty spectacular looking, especially the ones who have breasts. you know, the women are harsh in the buzz. there should be a guy thing. absolutely. they should have a sports bar. actually, that's a brilliant idea. >> you should bring that to new york. >> okay, if we had a ladyboy show in a sports bar, you could watch football, drink a lot of beer and around beer. >> number eight, bring out the ladyboys. >> just my luck at a show like this. what happens? >> when she says. >> i end up kissing the on

peter thiel was a founder of palantir, a connection of elon musk there, and with the d.o.g.e.t are coming in to reduce government expenditures, we think palantir is really uniquely positioned. >> i mean, clearly that is the collective conclusion of the market, that palantir is in some kind of privileged position and it's gone vertical since the election. you mentioned the valuation issues that made it to above 50 times revenue at this point. there's been lots of top insider selling shares into this ramp. i mean, why doesn't any of that give you pause at this point? >> you know, we'll be hesitant in terms of being buyers. if it pulls back to the mid-60s it would be more attractive to us. but given how volatile these stocks can trade we think the opportunity is there for investors to participate in a name that's going to be in our view a big winner going forward. also keep in mind if you look at past winners in terms of multibaggers, if you would, a lot of these names have sold at tremendous high p/es before they had their big runs, so i think sometimes the market yawn estimates

people like peter thiel out there sweating bullets, talking about the american healthcare murder, because i think they can see that eventually, you end up with a french revolution kind of situation. >> i mean, look, it is obviously -- it is a big jump. no one wants to see that. >> no! >> but, what the standard is, the standard, though, is that president's will behave in a certain way, and the question is, what kind of standard are democrats, republicans, any citizens, going to hold their presidents too? because yes, i do think there is a double standard between what democrats expect of their leaders and what republicans expect. i think i 100% agree with that. but, i also think there is this kind of mythmaking around the trump machine that salesmanship equates to leadership. look, he is the guy that plays the rich guy on tv, so that is going to be enough and we are just going to assume that he knows what he is doing and he is going to make our grocery prices go down. i mean, it's not -- people don't think very hard about this, obviously. i think, ultimately, that is sort of -- i certainly

a right wing south african born guy very close to peter thiel and elon musk. he wrote a book with teal about how diversity is bad. and sacks is a vocal supporter much donald trump, hosting last year. now donald trump's czar for crypto and a.i. since trump's election, cryptocurrency holdings have gone through the roof with the anticipation they will face a far more friendly regulatory environment under trump. in fact, yesterday the value of bitcoin, a bitcoin, a single one hit $100,000 the first time. crypto interests were one of the biggest spenders in the election cycled. dropped a ton of money for trump and against crypto skeptical democrats, including in primaries or in this senate election in ohio where they dropped $40 million to oust the crypto skeptic center sharon brown of ohio. to be clear, i think crypto is interesting. i know a lot of people who own crypto. there are good reasons to be skeptical of cryptocurrency, particularly as a financial instrument integrated into the american financial system, not the least it's rife with scams, fraud, grift, a

but, you know, looking back, what what strikes me today, michel, is something that peter thiel, who'sbig tech guy in the us said about the re—election of donald trump. of course, this year also saw that sweeping realignment. and he said, interestingly, he said if trump had lost this year, 2016 will forever be seen as the freak outlier. but because trump won, 2016 will now be seen as the beginning of a new era, and i think the 24 election in the uk, i'm willing to bet, will be seen by historians in the same sense, because i thought what we saw this year was the beginning of the farage reform revolt, which i think will just get bigger and bigger. we saw the two old parties struggling to captivate enthusiasm. yes, labour won, but we all know it wasn't really a vote of big enthusiasm in starmer's labour and the demise of the british conservative party, the demise of the tories. i think 2024 will come to be seen as actually a seismic election that is ushering in this new era of realigned politics. >> where was you on the election night? bill rammell? >> i was at the count in my former cons

rachel has tracked peter thiel who funded anonymous lawsuits against journalists years ago and even ended up bankrupting gawker, which whatever its sins, and the courts did find mistakes, it was a corporate death penalty for a mistake in journalism. so there's a mibig question her about, "a," what they want to do, whether win or lose, to chill, as you've reported. then "b," we should keep an eye on this. there are a lot of right-wing figures who want to bring the key first amendment keys here that protects journalists, has a high standard for reporting, and public officials in the government, they want to get it into the supreme court which means they might like a trump-related loss that they can repeal all the way to trump's supreme court. >> this is key. first of all, the context is trump's been doing this forever. this is what he does. the 1980s, he was a real estate developer. he sued the "chicago tribune" when its architecture writer described his proposed manhattan skyscraper as ugly monstrosity. the suit was dismissed. he lost defamation suits against cnn and the "new york times."

he is joined by vivek ramaswamy, paypal's peter thiel and venture capitalists like david sacks throwingport behind mr. trump, even some billionaires who shied away from endorsements in the campaign may be coming around like mark zuckerburg, once threatened with life in prison by trump, now dining at mar-a-lago as he reportedly seeks a so-called active role in the incoming administration's tech policies. jeff bezos has been more explicit about what his role could look like. >> he has a lot of energy around reducing regulation, and my point of view, if i can help him do that, i will help. >> reporter: still for some who study the broligarchy, the sirens sounding about what a musk-led tech titan takeover could mean. >> they have been very clear and public about their belief that they see themselves as the only people who are fit to rule us and that they don't think democracy has a future. >> all right. joining us now, david, author of in trump's shadow and senior writer with the dispatch. thanks for joining us. adding numbers to the faces we saw in hallie jackson's report there, $1 million

annmarie: he's part of the paypal mafia, like elon musk and peter thiel. it is similar to doge.ake this with a grain of salt. it's an advisory position. is vc firm says he's not leaving. it's an advisory position. will he be involved advising the president? yes. d.c. the crypto community excited thinking it gives him a direct line -- do you see the crypto community excited thinking it gives them a direct line to the president? dani: he talked about it, he has a key man risk clause for his company. he can't take on a full-time job in the government. it underscores the small tech influence right now. david sachs other vc influencers. marc andreessen is leading the search for the doge outside agency. you have all these people that are champions of small tech, not big tech entering the government. jonathan: the secret to american success is the embrace of success. in europe it is a weird thing where it's like, regulate that. fine that person. in america i thought that was the secret ingredient. they should have influence on the course of this country. set to rule on tiktok today aft

this is what peter thiel doesn't know about the meeting yesterday.h on stocks. it might be easy for the grinch to steal the rally. you said this repeatedly this morning. you pointed it out. we have compromised the easing bias on the fed reserve. i don't know if that puts things into question completely but silently a move was made last month lisa: that some of the underpinning. is is a capitulation that people needed to see before they go back in this morning and how much really is askew around lower liquidity. a lot of people don't want to be here today. a lot of people have gone on vacation. is that part of one of the big swings as well? jonathan: you want to translate? lisa: i don't. [laughter] jonathan: let's get you the morning movers with manus cranny. manus: i'm still here. the bridge for macron in the chip market, it is a personification of a billion-dollar miss for the second quarter in february, delivering 7.9 billion dollars. the theory is that the ai chip is going to say in the second half of next year. the pc market will grow but it's a

many of musk's allies, like peter thiel , they have huge contracts with the pentagon.ope you are right about the pentagon. i hope they can find those savings, maybe a little skeptical there. i want to finish with you, same question i asked ed. there have been some people in financial times that says, no, elon likes competition, he does not believe in-- what do you think? how much advantage is he going to take of the position that he is in right now to go after sam altman, to go after jeff bezos, to go after his billionaire competitors he works >> i think there are conflicts of interest. obviously conflicts of interest that are being riddled with this new administration, and it is a real swing back and that could be the achilles' heel. in the end, even what seemed like little things, like buying the hotel back in washington, having everybody joining mar-a- lago, must musk get rid of some of the fcc enforcement, or highway safety enforcement he does not like. i think you are going to see conflicts of interest, and that will be what is played out on the national stage soo

the key stablecoin is taking a chunk in a media company rumble which is right of center and has peter thiel >> investors are piling into anything that seems exciting even as we see market breadth deteriorating under the surface. looking at the move on the stock right now up nearly 95%, this is the most on record and this is after the -- they said it would receive a $775 million investment from the crypto company tether which of course makes stablecoins. rumble is set to use $250 million of that to strengthen its balance sheet and accelerate growth plans and will also use the remaining proceeds to fund -- that's when it buys back its stock from shareholders and news of the agreement came less than a month after rumble's board approved the purchase of $20 million worth of bitcoin. i like to read off the analyst commentary, oppenheimer they say the providers insiders and effective diversification without affecting share price. and that this -- selling primary shares will further bolster the balance sheet without meaningful change to its strategy. >> i look at this for today the russell 2000 of