Rebels Edge · Wed, Jul 22, 2026
Earnings, AI Demand & Biotech Breakthroughs
Watch on YouTubeSummary
The hosts discuss resilient equity markets despite rising oil prices, then review GE Vernova’s earnings miss, Super Micro Computer’s AI-driven demand, Reddit’s relationship with Google, and Arrowhead Pharmaceuticals’ clinical results. The episode also includes political commentary, college sports governance, and discussion of the NFL’s financial relationship with ESPN.
- Oil prices rose amid Middle East tensions, while major stock indexes remained relatively steady and the VIX declined.
- The hosts attribute market resilience partly to strong earnings and cite an expected 25% increase in S&P 500 earnings.
- GE Vernova reported revenue above $11 billion, but adjusted earnings of $2.47 missed the cited $3.04 estimate; shares fell roughly 5–6%.
- Super Micro Computer’s reported backlog exceeded $60 billion, up from $39 billion in June, reinforcing the hosts’ bullish view of AI infrastructure demand.
- Reddit shares declined as investors weighed potential traffic losses from reconsidering its relationship with Google.
- Arrowhead Pharmaceuticals rallied following Phase 3 results showing a reported 79–81% reduction versus placebo; the hosts highlighted its pipeline and potential regulatory filing.
- The hosts discuss the NFL’s reported 10% ESPN stake and argue that ESPN can remain critical of the league despite the ownership relationship.
Full transcript
Welcome back to the Rebels Edge. I'm John Nagarian. Pete Nagarian joining shortly to explain why we are seeing oil prices move up and yet the market for the most part doesn't really care. We'll have that and some prediction exchange that might surprise you on today's Rebels Action.
[music] >> [music] >> Well, Pete, we've got uh what? Crude oil moving up again.
>> Again, >> um Brent, which is the uh north shore of uh the UK. Uh they call it Brent crude versus ours WTI. Anyway, that hit 95 per barrel, Pete, because of tensions in the Middle East. And meanwhile, 30-year
mortgage, well, basically close to unchanged. It was 6.69%.
That's, you know, fractionally higher than it was last week, but this is still too high, Pete, for really uh seeing substantial movement in the housing sector, right?
>> Yeah. And and the amazing part is, John, when you take a look at the market, you'd say, okay, you've got all this going on. Obviously the Iran issue is a huge one and crude oil like you just said up two and a half 3% for WTI or whatever very close to 87. Um you you look over at volatility and all the rest of it you and all of a sudden you say
but wow the markets are actually you know either fairly flat very small into the short side or a pretty nice move to the upside like the Dow which was up about a half a percent not too long ago.
Now it's up about 3/10en of a percent, but you'd expect for the market to be getting hit a little bit harder than it has. So that I think is something very very interesting as we get deeper into the day.
>> Well, and let's hit the VIX because of what you just said, Pete. The VIX is down on the day. And yet, uh, with a half% move, that's only if that was the S&P, that's only about what, uh, an eight VIX, Pete. uh if we were talking
about the S&P because half a percent would be uh eight points. Um instead it's 16.22.
So what do you make of that? Yeah, it's really interesting. I mean you know it dropped about, you know, one and a quarter percent, we were underneath 17, we got into the 16s, we were starting to drop even further. It's starting to kind of get a little bit of a lift again, John, but let's let's call it about a 1% move. Um, so interesting for sure,
especially when you look over at the at the S&P like you said and you, you know, you look at that and that's the measure.
So you're looking at that and it's relatively, let's call it, flat and and yet, you know, you're seeing the movement that we're seeing out of the volatility index. It's kind of been moving around and shifting around. So interesting for sure. Um, especially when you gauge that across at the S&P.
Um, I think it shows you what of a impact that we are seeing probably at least as of right now. John from earnings and and how strong the earnings just keep on coming in. And we're going to be talking about some of those because we've got some some stocks that we're going to be hitting on. And I think that uh some of those earnings
don't look too bad in many cases.
>> Yeah. In fact, look pretty darn good. Um overall, the S&P earnings folks are supposed to be up about 25%.
And if that's the case, the market's still too cheap. All right, let's talk for a second, Pete, about prediction markets. Uh, my own version of the prediction markets because normally we're quoting Kelshi andor Poly Market.
Uh, I'll I'll do my own because New Jersey folks uh announced that they had 6600 uh non residents of the United States approved to vote in their elections, but they said only 400 or so voted. Okay,
that's interesting. So, one of my many responses to this, because I put up several folks, one of my many responses was I should post on Cal Sheet a prediction of more than 6,500. Maybe this mistake, if they want to still call
it that, was more like 12,000, 15,000, 20,000. Well, about 10 minutes later, the president of the United States posted that the Department of Human Services, the DHS, Pete says the number is actually 35,000.
So, in other words, Mike Kelshy would have exploded to the upside. Uh, and anybody that was betting against that number and saying, "Oh, no, it's probably not even 6,600." Would have been wrong [laughter] because the number is apparently 35,000.
And there'll be a lot more about this.
But just to throw this last one thing out there, Pete, the former governor, because this happened under under him, not Cheryl, uh not Mickey Cheryl, the present governor. Not a big fan of hers, but nonetheless, um this didn't uh start under her at all. started under uh the
wonderful Phil Murphy. He said, and talk about tonedeaf, Pete, he said, "Well, your chances of being struck by lightning are greater than seeing election fraud in New Jersey." [laughter] And then in the same breath, Pete, he actually said this, folks. He said, "Uh,
and by the way, I'm not making light of the lifeguard who was struck and killed while he was on duty uh here in New Jersey just a couple weeks ago." go. And it's like, so you bring up your your odds of seeing fraud are less than being struck by lightning, and yet there's a kid that was struck by lightning in your state. I I can't believe how dumb these
people are. [laughter] I mean, absolutely cannot believe it.
But that's what makes a market, right?
[laughter] It's it's if if anything, it's just kind of a really odd [laughter] thing to to that there's humor involved because it's just so stupid. [laughter] That's amazing.
>> Well, let's jump over to GE Vernova, Pete. GEV >> because these guys put up uh some numbers, revenue numbers, over 11 billion, way better than what was expected and a year-over-year increase up 22%.
However, the adjusted earnings came in at 247.
So, of course, there's revenue, which is one part of your earnings announcement, folks. And the other part is how much did you bring to the bottom line per share? Well, they're expecting 304. They came in at 247.
>> That's not good. [laughter] So, they they basically went hands out as soon as they saw that. That means selling, folks. And sell they did.
>> Yeah, they did. They sold uh pretty substantially as a matter of fact down five six% you know somewhere in that sort of a range and the stock was getting hit. The global issue that that some of the folks have talked about a little bit are well with the tariffs it's it's a significant cost impact and and all of that type of thing John um there's challenges with wind. We all
know that already. I think we've all talked about that many many times. Uh so you know you look at GE and you say to yourself you know what are these guys doing? Are they doing doing things the right way? Well, to some degree, I mean, you know, the re the revenue is there and like you said, year-over-year it's up 20 plus%. But if you miss that much
on earnings, you there there's not a whole lot left to say. I mean, that's that's that's when you're you're the CEO and you're delivering that, you're just going, God, I hope these guys didn't quite hear exactly what I said [laughter] because that immediately had everybody saying, palms are out and we're going to take some cells right now. So, um, they're going to have to do
a heck of a lot better than that in the future, John, or they're just going to be conti going to be scoring like one of these little numbers and it's not going to be pretty, >> right? I mean, again, revenue is one thing, folks. And many cases, retailers, this is not a retailer, but in many cases, retailers go out there and they
sell excess inventory and they might get a big revenue number, but it might be almost at a loss or in some cases actually at a loss. So, the revenue number is part of it, but the other part is how much you drop into the bottom line. And these guys didn't drop nearly enough, Pete.
>> No.
>> All right. Uh, let's move over to Super Micro Computer. And, uh, Super Mario apparently doing pretty well, Pete, because record orders of backlogs exceeding $60 billion.
um up significantly from the 39 billion that they announced just a month ago in June. So, Super Micro is seeing huge demand. And you guys know, one of my favorite uh comparisons in the stock market is uh you've got uh supply and
you've got demand. And if demand is up substantially and the supply hasn't increased, well, you're getting more money for that supply or rather for that demand increase. And that's exactly what Super Micro is talking about right now.
>> Yeah, this is a this is a great quarter for them. Obviously, you can see what the stock is doing. I think it's up almost 24% maybe 25% something. There it is right there. Thing of beauty. I mean, what a nice jump that this thing is taking. You talked about that backlog, John. There was just not that long ago in June where it was 39 billion. Now they're talking about 60 billion on the
backlog. So, you know, this whole thing validates that there is still huge AI infrastructure demand out there and Super Micro is taking advantage of that and they should be. They're doing a a fantastic job. They raised some capital along the way. Um, it's just really interesting how well that they are doing
right now. And I think that's an interesting read through to quite a few others out there. I don't think this is just a super micro thing. I think this is something that others that we're going to be hearing about more and more are going to be talking about the gross margins nearly doubled. So, I think that says it all. And you were just talking about you can have revenue, but are you
making money? Well, when your margins are going up and they double, I would say they're probably making some money.
[laughter] Exactly. Well, uh, then let's take it over to Reddit, Pete. You know, a lot of people love Reddit. I get it. I use it a little. I don't use it a lot, but our DDT um was down pretty hard in the pre-market. Um they're reconsidering, in
quotes, Pete, their relationship with Google. And so a lot of us, of course, if you don't type in Reddit, a lot of us would go to Google for a question and Google might take you to Reddit. Well, if you're reconsidering your relationship with Google, um chances are
uh that you're uh going to get less traffic at least in the short term. Long term might be a great idea. Maybe you don't have to pay Google whatever they're having to pay them for sending the uh traffic on over there. But if you walk away from Google, you could be seeing much lower numbers at least again
in the short term. And that's the interpretation that we're seeing right now just reflected by what's happening with the stock itself, John. I mean, this was 180 $186 stock was uh there you go right there. And now it's 169ish. So yeah, I would say that this reconsidering process, this relationship
with Google, um if it's as bad as it potentially is being talked about, um that could be a problem. And it's not I don't know that that's Google's problem.
I'm going to say that's Reddit's problem. And it's going to be very very interesting to see how this unfolds. But um with the tensions getting a little bit higher and a little bit higher, um you know what, if I'm Google, maybe Google says, you know what, we're going to walk away from this thing completely and we're going to do this, that, and the other. And that that would not be
great for Reddit because then they'd have to start over. Yeah. Uh you know, it's the devil you know versus the devil you don't. What are they going to have to do instead of paying Google as much potentially um for the traffic they send over? Uh what if you have to advertise a lot more to bring in revenue? I know
they think, "Oh, we're big enough. We probably don't have to advertise as much." You know, there's a lot of competitors out there, you know, from Twitter to LinkedIn to uh Facebook.
There's a lot of places where people post up information about all manner of things, not just stock market. Um, so, uh, it'll be, as you say, Pete, interesting to follow that part of the story. All right. What about Arrowhead
Pharmaceutical, symbol A RWR?
Significant topline results from their phase three um, uh, for a study uh, that only Pete could probably even pronounce this stupid uh, uh, malady that people have. But >> pancreatitis. [laughter] >> Is that what it is?
>> Yeah.
>> All right. Well, so the they demonstrated some really significant reduction. 79 to 81% reduction versus the placebo. That's a big deal. That's enough to get noticed by the FDA and by doctors and clinicians that might be uh
the people actually prescribing something like what Arrowhead Pharma has just uh again It's phase three. It's not out there for sale yet, but um tests like this are how you get out there for sale, right?
>> And it's not that far away. I mean, yeah, you're exactly right, John. They talk about phase three. They want to get up in front of the public again in August, early August, and they want to talk about what some of these results really look like. So, um you know, they're going to give some further insights into what they're seeing, how they're how they're seeing it. Here's the other interesting thing, Don. This
Arrowhead Pharma, yes, they have a stock. I think that or a stock a a uh um uh one of their their many because they've got 21 different drugs in the pipeline and they've I think they've only got one or two presently that are actually out there into the public. So
interesting to see how that's um playing out right now. Uh their their results were so u amazingly good that this is going to be something that I think they're they're going to try to get this thing going as fast as they possibly can. John, they talked about filing and getting it by by the end of 2026. So, the next few months, that's that's
pretty quick. And if they can do that, there's a really good reason why this stock is not only up 22% today, but I could I could see it going quite a bit higher because it had this big jump. It hit 52- week highs, hit 9550ish or whatever, somewhere in that range. So
huge move to the upside. Settled back down towards 9192, but uh this is they they have plenty of different other names out there, but you know, when you look at some of the other drugs, yeah, they're in phase one or they're in the very early stages of whatever, but they've got some stuff that's out there a little bit closer to getting out into
the public and that's what you really want. This particular drug um could really be something special for them, I think, into the future. So I think that's why they're so excited. That's why they're trying to get this thing out there as quick as they can.
>> Well, um, stock was 7450 last night, folks. It opened today on the high 9549, just like Pete said. And that's a massive jump, $20 jump like that. It's a$1 13 billion stock now. And that means
more or less to me, Pete, that, you know, they have enough money probably or can raise enough through another stock offering if necessary to get a lot of those drugs to market >> um through the approval process at the FDA. Phase three means they're that close to being there. Now, they have to
get the labeling and all that stuff and they have to get the blessing of the um FDA. But if they get all that um this could be a blockbuster and somebody could be even circling beats because 13 billion so you know a 20 or a 30% premium above that to take them out.
Could you see 120 130 from a merc or somebody that might want what these guys have in the pipeline?
>> Yeah.
>> I'm not saying that's what's going to happen. I'm just saying when you trade, you always got to look around the corner and see what's next. And that might be might be what's next.
>> Yeah.
>> All right, let's uh take a look at a little video, Pete. Our favorite part of the show probably where we get to take a look at uh an interesting video that has appeared in sports and uh we have one such video for us to watch today. So, let's >> win the college football national
championship this season is a massive failure. They're all spending more than $40 million with their NIL budget. The biggest spender in the country is Texas at 47.9 million. I know they have Arch Manning, but he took a pay cut to stay at Texas. He wants talent around him, and that's exactly what they've done.
They brought in [laughter] elite recruits like Cam Coleman. The wide receiver is going to be filthy and the defense is always Then we have Miami at 44 million. [laughter] The Hurricanes probably don't need to spend this much money. I mean, they're in the not that talented confidence. They could probably get spend $30 million of how good they are. But they build in the trenches and that's why they're spending [music] so much. And of course, Malachi Tony comes
with a big price tag. Then we have Ohio State at 43.5 million. A couple years ago, they had the $20 million roster that won the national championship and everybody was going crazy at that point.
It's more than doubled that. 43 million.
Then we got LSU at 42.8 million. A big reason went to LSU was budget so he can sign top tier recruits [laughter] and he's pretty much done that and he's spending a lot of money to do so. Then we have Oregon at 42.8 million. Dan Lanning's biggest knock right now is that he can't win the big game. And you got to start winning the big game when
you have this much money in your NIL budget. Dante Mo is making a lot of it.
He's obviously going to be a top tier NFL player and he stayed in school so you got to pay him extra money. With that being said, I still don't think the Oregon Ducks are going to be that good for what they're spending on their roster. And then we have Notre Dame at 40.4 million. Notre Dame's like Miami.
They don't need to spend the amount of money that they do to make the college football playoff because they don't play a hard schedule. But you still got really good talent here. TJ Carr is going to be good. I like what this team has done under Marcus Freeman. And they are poised to win a national championship in a year where they're all about the revenge after getting slighted by the College Football Playoff Committee.
>> [laughter] >> Well, that it's a very succinct uh description of all those different 40 million plus rosters, Pete. But um Lanning, I'm not saying he can't win the big game. He hasn't won it yet, but he can't win the big game. They say um I'll tell you one reason, and Pete told me
about it just a couple weeks ago, and that was, you know, his coaches get cherrypicked because he's got a great staff. Yeah. And if your best of the best get picked like the Cal coach, the guy that's coaching at Cal, Pete was out there for spring ball and things like that at Cal. That coach is a hell of a
good coach and this is his head coaching opportunity. So, if he can get uh you know a uh I'm not saying a $40 million roster, but if he gets a big roster, Pete, just like that guy that you and I saw at the Sack Summit, um you know, a lot of these transfers and things like
that, he has really ramped up the transfer process. And again, that works against Dan Lanning at Oregon because Oregon's got great players, some of whom are going to transfer, of course, some of whom follow their coach, you know, for their position, even though the head coach remains the same. And I think
that's why Dan hasn't been able to get over the hump to the next big one. Pete, yeah, he loses guys every year, not just players, but coaches, like you're saying, John, and that's that's where it gets difficult. It's and it's not like they're the only ones who lose guys. We all know that. other other schools lose guys as well. But you know what? It seems more consistent with Oregon where
they're so good that that people will just come out and snatch these guys up and pay them real money right out of the gate. They're not just going to give them, you know, the the lowest they can.
They're going to pay them. But uh because of all that, I'm going to start differently. I was going to start with something in the NFL, John, but how about we start with this uh the college football in the University of Michigan and what in the hell is going on with the investigations of just about everything with the AD himself? And
here's a here's an interesting one that we haven't quite figured out. U so he's going to step down, but is he stepping down immediately? And there's all these things that are going on at Michigan. Um he's going to do it at the end of the calendar year, John. And that's that's what surprises me the very most. Now,
there's got to be something behind it that I'm not seeing that I don't understand. But if they've got all of these various things out there, you know, and you know, are all of them real? You know, we don't all know that all of them are real, but we know of some of them being awfully real and and not so great. So, you know, Ward Manuel,
he's he's the AD, John. They did win a football national championship recently.
They won the basketball this past year with the national championship. So, are they producing? Yes. But, um, here's just some of the things that they've already spent $12 million, um, on the investigation there at Michigan. And they're talking about interference.
They're talking about poor oversight.
They're talking about the uh, positive side, which I just mentioned, which is, you know, they've had some great success, the competitive side, as well as the financial side. But inappropriate relationships, just add that to everything else. I mean, they have been hit with this, this, this, this, this, this, this. And you just kind of got to
wonder. I mean, what in the world's going on there at the University of Michigan? And and why is it, do you think, John, is there anything you can think of why you wouldn't just say, "Hey, look, if you're going anyway, let's get rid of you now and then we'll figure it out because you've got all kinds of, you know, the next people down from the AD who could obviously do all
the different things that they need to do. So, what do you think? Why why are they waiting till the end of the calendar year, do you think?" Um, you know, I I just because they think they can, Pete, uh, you know, to not to not, you know, tar them too hard.
Um, I think the issue here is that people are upset outside of Michigan and outside of Ohio State.
people are thinking this is not fair that Michigan should be given if not the death penalty a very significant penalty for all these things that went on including like the chancellor andor the AD knowing about stuff and then not firing the the previous coach until well
you lost the big game by a lot and guess what we've known for several years you were having an affair [clears throat] with your assistant who's also an employee of uh the University of Michigan, which ain't right. Um, yeah, I I think this is uh just a mess for
Michigan, and I I think everybody else who isn't a Michigan grad is very happy to see them with their hand in the cookie jar here, Pete. Um, why does this guy think he can announce, "I'm stepping down, but not until the end of the year." >> The uh the rest of the Big 10 and the
rest of the NCAA might have something to say about that. I will be surprised if they just let Michigan get away with this because that's one more thing they're letting them get away with. If they let them get away with it, I think they'll go after him and say, "Nope,
>> that guy's stepping down now." >> And we want penalties, um, restricting, uh, scholarships and all the rest. Maybe if you really want to hurt him, Pete, restrict the NIL.
>> If you restrict the NIL, it's worse than scholarships these days. If you said for instance for two years you can't have over five million in NIL.
>> Nobody going to Michigan then. Pete, >> right? Nobody.
>> Yeah.
>> Because all those players that are going to Ohio State and Texas and LSU and Bama and Georgia and so forth, they're going to go there where they can get paid.
Yeah.
>> Um you'll get the, you know, the second tier of players. Doesn't mean you can't win with the second tier, but that would be what I would do. I would give them an NIL restriction because that would effectively mean they can't win for a few years.
>> Yeah. Yeah. It's an interesting saga that's been going on now for quite a while it seems like. So, it's kind of crazy. How about on the NFL side, John?
This is more of a financial sort of a thing than anything. But, um, you probably saw this, but if you didn't, the NFL now owns a part of ESPN. As a matter of fact, that part is about 10%.
And so there's a lot of folks out there that are kind of wondering like how does this really work? Are they going to be fair? Is there you know the coverage of everything um is that you know what what are we going to do with with a lot of the different factors that the NFL and you can already see what's happening
where ESPN has already had some people that they have cut um because they're they're turning into this thing. I mean the NFL obviously has the NFL network, right? So that's another thing that you know is interesting to this whole thing.
I don't know John is do you find it at all at all odd? I mean is there I don't think there's really this is as big a deal this part of it anyway is as big a deal as people are trying to make it out to be. But they're talking about well you know well ESPN won't be able to be as hard on the NFL as they as they maybe could be or whatever because of what
might have happened let's say the week before. Um I don't think that that's the truth at all. I think that the NFL Network covers things pretty damn well.
I think they've done a great job. I know that they know who they're who who's who's paying the bills, but um you know, it sure seems to me like when I have watched it that they are very much like ESPN and they're not doing anything that's, you know, just slanted totally towards the game. I think that they actually do a pretty good job of of
looking at all the different aspects of the game and, you know, being very honest about what they their thoughts are. So, what do you think? And is is it okay to have your own network? Yes, they've already got the NFL network, but now having a little chunk of ESPN as well. What do you think?
>> Well, and yeah, ESPN bought the NFL Network. Uh they did. They bought the NFL Network for $3 billion plus plus 10% of ESPN.
So, um ESPN, which is Disney, of course, folks, because it's part of Disney. It hasn't been spun out. Uh they own 72% I think Pete Hurst the publisher uh and media presence they own like 18% or
something like that and the NFL network owns 10%. Can they still be unbiased or at least uh can they still be critical of the NFL if the NFL needs it? I think they can be and I think they will be and I know one guy who definitely will be and that is the highest paid man in
sports and at least in broadcast sports.
Yeah. He doesn't make more than Messi and he doesn't make more than Ronaldo or Mbappe but at a hundred million dollar a year. Um, your buddy Pete uh makes an unbelievable amount of money and some
people including uh uh people on his own show uh we're were telling Pat, hey, you know what? Uh they had to lay off all those people because they paid you $100 million.
There's some truth to that. Well, there might be some truth to that, but they don't have his numbers.
>> No.
>> Um I mean, his numbers are amazing.
>> Yeah. So, and it's not just the game day on Saturday that makes him so important, but he does a show every day.
>> Yep.
>> And so, that's a lot of eyeballs for ESPN. And our friends, I'm sure, over at Circa, Pete in the sports book, whenever Pat's on, um, that, uh, camera is on him because if you're in a sports book and Pat McAfee is talking about something, you're watching Pat McAfee. And there's not a guy out there who doesn't want to
be on Pat's show. And it doesn't have to be the NFL, right? It doesn't have to be college football. It doesn't have to be football. It could be any sport. I mean, he he's, you know, a guy who can do do whatever he wants to do and does a fantastic job doing it. I mean, you got to give him all the credit in the world.
The guy was a punter, [laughter] you know? So, I mean, think about that.
Most people probably don't even know the name of the punter of whatever team they cheer for or whatever, right? because you know punter maybe you know the kicker a little bit because usually because he's missed a field goal or two and then suddenly his name is up there but you know the punter generally punts you know for the most part very very few get blocked and they you know they kick
the hell out of the ball or whatever.
Pat also by the way if you ever watch the tape Pat could run down the field and knock somebody's head off too. So it's you know he's a little bit more than a punter but nonetheless a punter.
So it's an amazing story. He's done an incredible job, John. And he he knows exactly what he's doing. Even when it's something that you look at it and go, "Don't do that, man." He does it.
[laughter] >> But you got to love his generosity along with some of the other guys on game day are just absolutely extraordinary and fun guy to watch. It's an unbelievable show and and it's uh it just shows you that, you know, that he's probably worth just about every penny that they give him because he because people will turn
it tune into him at any moment that they see that he's on, turn up the volume just a little bit and everything else.
But yeah, so they're going through a lot of things and I think that I don't see this being a problem for the NFL or for ESPN at all. I think people can say what they say and um and they do. So, it's it's I don't think we're we should be worried about it, but that is one of the topics that people have have brought up,
>> right? And Pete, I'd say also, you know, Ryan Clark, I kind of liked his uh uh take on the NFL Network and so forth, ESPN now. Um but, uh he had some issues.
Obviously, uh we've been on shows with people we weren't too fond of either. Um and sometimes it shows. And when he was on the show and he was talking about CC Lamb against AJ Brown and he said uh that it made that a AJ Brown did a
better job in that game with one catch than CC Lamb did with like eight for 130 yards or whatever. And it's like that's hard to argue even if you don't like the other guy. Yeah. That's on the other side of the table. But Ryan Clark was cut. That's a$2 million guy, Pete. and
they just said, "Adios." They did that to a lot of people though, not just Ryan Clark.
>> Where do I sign up for that?
>> Yes, [laughter] exactly. Well, how about this one, Pete? I got one more for you.
I know you'd like it. And that is >> even though we think this guy is a bit of a cuck. Um, at least I think he's a cuck. I I won't speak for Pete, but I think uh that Goodell is a cuck. And uh
here he is though. Um he runs the most profitable league in all of pro sports.
Um especially in the United States. So throw this one up there if you will. Uh John Pharaoh. The the the video or the still picture of him, Pete, is that the NFL had revenue of $14.5 billion.
That's more than the NFL, uh, more than the, uh, Major League Baseball, NBA, and NFL combined.
Combined.
So, I can think he's a cuck. Um, but I'll tell you what, if he was running our company, Pete, he'd be my cuck. I mean, that guy's doing a heck of a job for the shareholders, which are the owners, the 30 owners right now, and so forth, and for the players, because that
TV money that comes in, 450 million per team.
>> I mean, before you put a single person in the stands, 450 million. I mean, and then you sell again the NFL network for three billion plus you get 10%. I think that's a lot. So, >> yeah, I agree with you, John. I'll actually give him a thumbs up on this one, Pete.
>> Yeah, I I I've been as critical as anybody on the guy and and I think still for the right reasons, but uh I've never been critical of his ability to get the media and the money and all the rest of it because he's done a fabulous job with that. But, you know, I think that I think you want to make the NFL even better. And one of the things, and I'll I'll say it real quick right now. if
you've got these guys, these extra guys, these scout team type guys or however you want to term it, but you've got them on your roster, right? I think it's five. And um just have a third quarterback every game just in case the front two guys get hurt because if the first guy's getting hurt, there's a chance the second guy could go down as
well. So at least have a third guy. Put him in uniform, have him ready. He's not going to play, okay, no big deal. No, you know, it doesn't hurt anything. But I just think that that's one of the things that they need to do because we we've seen that happen on multiple occasions over the last few years. And I think that that's kind of a big deal.
So, uh, you need to have a quality quarterback. You don't want to throw out a running back out there to play quarterback or, you know, somebody else on the team who's not a quarterback.
Just have three quarterbacks dressed for the games. It's all I ask. And hopefully he listens.
>> All right. Well, uh, thanks for tuning in, folks. We hope you enjoyed the show today and we encourage you to retweet uh the posts that Andrew and John put up today for the show as well as the complete show which airs on YouTube as well as Twitter and so forth. And uh
we'll be back tomorrow, right Pete?
>> Tomorrow 1 pm Eastern time. John, we're ready for it. See you tomorrow folks.
Heat. Hey. Hey. Hey.
Transcript from the show's YouTube captions; automatic captions may contain errors. Educational content, not investment advice.