please welcome scott galloway. >> ronny: "the algebra of wealth." what is "the algebra of wealth"? >> so it is a retrospective on all the mistakes i made -- >> ronny: i mean, what is the formula? how do you make money? >> i wanted to insert me into the story, ronny. >> ronny: [laughs] >> so the algebra. the first is, focus, try to find your talent, not your passion. anyone who tells you to pursue your passion is already rich. find something you are good at in an industry that has an employment rate above 90%. side hustles mean your main hustle isn't working. go all in on something. then, you want to talk about stoicism, control the things you can control. you can control your spending -- >> ronny: this is complicated. how do why -- >> how are we doing so far? >> ronny: [laughs] why are people poor and who should we blame? whose fault is it that everyone is poor? is it baby boomers? is it [bleep] foreigners? is it bitcoin? is it the government? whose fault is that? >> yes. >> ronny: that we are poor? >> well, i thin

but i wanted to ask you as well, you know, scott galloway wrote a book some years ago called the four. he referred to it. he was speaking about amazon, apple, facebook, and google and the power that they held suggests, well, perhaps more than suggesting that we need anti-itch trust measures to break them up. you do mention in your book you talk about the power that amazon has, that wal-mart has. any thoughts in terms of government policies that would come into play here? oh, antitrust enforcement is long overdue and has got to be at the center of rethinking the supply chain. i mean, one of the things we haven't talked about yet is that a lot of the shortages i mean, you know, the title of my book, how the world ran out of everything, a lot of the shortages are a reflection of engineered scarcity in our modern economy. so the unfunny punch line of every chapter in my book, is that something fails, you know? , the shipping indusy can't provide enough containers. so shipping prices skyrocket. oh, you know, the trucking companies, they can't find enough drivers. and so it's very hard to m

professor scott galloway talking about this young people are full of rage.burn the entire economy down because they feel like they have been sold up the river. there is nothing for them in this economy. they look at the lifestyle they few grew up in. their parents owned a house. maybe they had even one income. they can't even dream of these things where they are today. charles: pete, in a few minutes we'll hear the first paragraph jay powell will talk about how their policies, they know their policies impact all americans. maybe they should specifically hear from young adults one day, just maybe to understand how much. pete, thank you so much. let's bring back danielle dimartino booth, alli mccartney. alli, let me go over it with you, in some ways i had a guest yesterday said jay powell would be making a huge mistake to telegraph a rate cut next month, even though the rate wants to see it because it doesn't give him any wiggle room so to speak. what do you think? >> that may be true in terms of his optionality but i think because when you have a market that

professor scott galloway, author of the new book the algebra of wealth, all about finding financial security and in this economy, who does not want that? you'll want to hear his out of the box tips. cool. plus, from an instagram famous pan to a better toothbrush, jill has the deep steals and deals to upgrade your daily routine. and then jill's going to be back in our third hour with a terrific story. a special she made it with the founder of frida. she's an entrepreneur who's solving problems for millions of parent. idea was born right in her own home. okay. very cool. hoda, is there a monsoon coming we don't know about yet. i have weather, i have weather sensitive hair, the hair, you know, the hair. i'm going to get on a plane. i don't want to blow dry. i just i'm keeping it all tight. look at you. give me an hour to get that poncho on yesterday, guys. tomorrow marks five months until christmas. but who's counting? we are. tickets are going to go on sale for the beloved radio city christmas spectacular. and to celebrate the occasion, the incredible rockettes will be stopping by for a live p