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August 26, 2024 39 mins

Charles Gasparino discusses the radicalization of corporate America and the rise of wokeness. He explores the influence of social media, culture wars, and the confluence of politics and finance. Gasparino highlights the tribalism in the stock market and the backlash against meme stocks. He also delves into the politicization of the boardroom and the adoption of ESG (environmental, social, and governance) by big companies. Gasparino argues that wokeness is a corrosive cultural phenomenon that divides society and lacks a unifying ethos. The Karol Markowicz Show is part of the Clay Travis & Buck Sexton Podcast Network - new episodes debut every Monday & Thursday.

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Episode Transcript

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Speaker 1 (00:07):
Hi, and welcome back to the Carol Markwood Show on iHeartRadio.
Someone sent me a study a few days ago about
the city with the rudest kids in twenty twenty four.
It's actually a study from I believe, a site where
kids could play games called Solitaire, So I mean, they
probably have their own reasons for doing these kinds of studies.

(00:29):
And what they found was that Memphis, Tennessee, Philadelphia, Pennsylvania,
and Baltimore, Maryland rudest kids in America in twenty twenty four.
In Tucson, Arizona, San Diego, California, and Raleigh, North Carolina
the least rude kids apparently. But the part of the
study that I found interesting is that nearly three out

(00:51):
of four Americans said it was social media making kids rude.
The email actually reads, there's no doubt that the introduction
of cell phones and social media to younger kids has
had its fair share of adverse effects on the behavior
of young people in America. Now, I'd say there's some doubt.
I am willing to blame social media for a lot, not.

Speaker 2 (01:15):
Even social media as much as screens in.

Speaker 1 (01:18):
General, because I got into it on the show before.
I think that the big problem now with kids is
not social media. They're not on Facebook, they're not even
really on Instagram. They're not taking selfies. They're just scrolling
these short videos on TikTok and Instagram and YouTube, and
it's much less about socializing at all. But I digress.
People specifically, kids are more boring when they stare at

(01:42):
a screen.

Speaker 2 (01:43):
They're less motivated, they're less sharp. Sure, all of that,
but ruder. I think that's a step too far in
the blame game. I feel like.

Speaker 1 (01:52):
People use stuff like this, like social media, to absolve
them of having to parents. Social media can be a problem,
so can your kids friends, so can any bad influence.
I keep running into kids who are misbehaving, often at
a really obvious, obnoxious level, and the parents literally do nothing.

(02:14):
I kind of blame the gentle parenting trend, this idea.

Speaker 2 (02:18):
Of no yelling or punishment. I'm just not into it.
My kids.

Speaker 1 (02:23):
You know, I was born in the Soviet Union. My
kids are always like your Russian parenting is quite hardcore.
The thing that always shocks me the most, though, is
the disrespect, specifically of the parent. The kid is behaving
like a terror, and the parent, you know, gets down
to their level, tries the gentle parenting thing and their
sweetest voice, Timmy, you're going to have to let go

(02:45):
of your sister's hair as Timmy yanks it to the ground.
Timmy has no intention of letting go of his sister's hair.
And also he sticks up two middle fingers at his mom.
My kids see this stuff and.

Speaker 2 (02:59):
Their eyes go wide.

Speaker 1 (03:02):
They can imagine what I would do to them if
they talk to me like that, or to anyone.

Speaker 2 (03:06):
Really.

Speaker 1 (03:07):
I would never allow that. My husband and I would
never ever allow that. Someone once saw my well behaved
kids and asked whether it was me or my husband
who's banked them. We've never ever hit our kids. We
don't have to. I can destroy them with my eyes
if they're misbehaving. My kids are not perfect. Let me

(03:27):
pretend that they're perfect. They're just absolutely not. They're not rude,
not to me or to other people. We just would
not stand for it.

Speaker 2 (03:36):
Again, not perfect. Can they be.

Speaker 1 (03:38):
Loud or in someone's way, or self absorbed or any
number of other bad qualities, of course, but there's no
planet where we would allow them to act out and
do nothing about it. Kids don't hatch knowing how to
behave that's something I think parents, especially modern parents, need
to get. We teach them and then we teach them again,

(03:59):
and that we take them again and we just teach
them until they get it. Tiring, time consuming, but that's
how you get good kids.

Speaker 2 (04:07):
There's no secret shortcut to it. There's no sound of
your voice that can make it better. Don't listen to
people on the internet.

Speaker 1 (04:14):
I feel like that should be the name of this podcast.
Don't listen to people on the internet when they tell
you can just talk softly to your kids and they'll
be well behaved. They won't. You have to teach them
how to do it. You don't get to blame social
media for your kids. Coming up next, an interview with
Charlie Gasperino. Join us after the break.

Speaker 3 (04:35):
Welcome back to the Carol Markowitz Show on iHeartRadio. My
guest today is Charles Gasparino. Charlie is a Fox Business
Network senior correspondent and the author of a new book,
Go Woke, Go Broke, The Inside story of the Radicalization
of Corporate America.

Speaker 2 (04:52):
Hi, Charlie, so nice to have you on.

Speaker 4 (04:54):
Left the New York Post out. How could you do that?

Speaker 3 (04:56):
Oh my gosh, I did you're right, you know, you
know what it is, asked Fox, how I should introduce you,
and they're like, how about you just mentioned us? They
didn't even have I went the book in myself. I
was like, I know he has a new book. I
want to get that in there. You're right, he is
also my you know, colleague columnist at the New York Post,
where I love to read you.

Speaker 2 (05:17):
You're you make a lot of friends on Twitter.

Speaker 4 (05:19):
Well, you know, listen here. Generally I make enemies in
frenemies because I write about stocks, main finance. I mean,
I write a lot about stocks and I and you know,
the culture wars that I describe in my book actually
go loocal broke. You know, there's all these culture wars
where people when they saw what Disney was doing with

(05:43):
same sex kissing scenes, what they when they saw what
Budwiser was doing with the trans woman in the bubble
bath drinking of Bud as an influencer. Yeah, well, you
know Larry Finks proselytizing about ESG, environmental social governments and
you know, changing behavior years of people that are mostly
in a progressive way that manifests on social media in

(06:05):
a major way. Also, the other stuff I cover, which
I cover the confluence of politics and finance. But somebody
that I just cover finance, you know, you wouldn't believe
how tribal the stock market has gone. So you see
of blowback on my stories when I wrote about meme stocks,
people diving into these things that you know shouldn't. You know,

(06:26):
it's a waste of money. And most of them were
blown up, by the way, and there's all these conspiracy
theories you know why they didn't go up. I mean,
stupid stuff for anybody with it. You know, you don't
even have to take.

Speaker 3 (06:39):
E comm win it one right, basic understanding of the
stock markets can't line.

Speaker 4 (06:44):
Like it's usually the stuff on that. But lately with
this book, I've been getting hate, like at another level,
from really from lefties. And it was interesting, is that,
you know. So I wrote a common in New York
Post that said Kamala Harris could be our first de president.
And you know, I didn't think it was that controversial
because I remember, yeah, Joe the first off, I mean,

(07:06):
it was obvious that she was chosen mainly because.

Speaker 2 (07:08):
She checked by celebrated that.

Speaker 4 (07:11):
You know, celebrated, yeah, and Joe Biden wanted a black woman,
and he then celebrated. He says, deis throughout my administration,
including at the very top the vice president. So I
didn't think it was like that controversy. There was an
interesting take on it, and also gave me a chance
to plug my book. So I'm it's a Saturday, the
Post releases it and my phone is starting to blow up.

(07:32):
I'm like, what the hell is going on? I have?
You know, it was like Saturday, around eight. I had
one martini in me. I was ready to go ahead,
and then I saw that one. I mean literally I
wanted to go to bed. I was I see blowing up.
I see you know, yo, Gavin Newsom just called you
a racist, and so I go on to Twitter and

(07:53):
I see you know incoming like you. Yeah, that wasn't
all negative. It was a lot of positive too. It
was people.

Speaker 3 (08:00):
Gavin knew some calling you a racist, like you should
have that in your Twitter bio.

Speaker 4 (08:04):
Well, you know I didn't take it. When I the
next morning when I got up, I said, oh, this
is perfect for the book.

Speaker 2 (08:11):
Huge, right.

Speaker 4 (08:12):
He tweeted him and said, you know, mister Governor, I'd
love to interview you about your views on why it's
racist for me to say exactly what Joe Biden said,
but then after weekend with them with that, I want
to also delve into a couple of things about California.
Why are so many people leaving? Why is it la
a shithold essentially? And by the way, one more thing
you did you why did you think it was a

(08:33):
smart move to lock down the entire state, saying you
can't go out for dinner even outside. Didn't show up
at a restaurant, fancy sancy.

Speaker 3 (08:41):
I'd like to know I closed the schools, but let
his kids go to the open private school, and then.

Speaker 4 (08:46):
Maybe we can get into the logic of you calling me.
He didn't quite call me a racist, Just so you know,
I just I know, I know this sort of verbiage
of the lea. Yes, it's like my column was racist?
Was racism? You know, my thought was rac He doesn't
know it's in myself right.

Speaker 2 (09:03):
It's just amazing that DEI. It's like it's good.

Speaker 3 (09:06):
But if we acknowledge that anybody was hired using it,
that's bad.

Speaker 4 (09:11):
Yeah. I'm so stupid, I mean, so illogical, but it
was funny. Just tell you know. Two weeks later, now
a week later, I'm on Fox and I have a
very spirited discussion with a guy and like Andy puns there,
used to work in a Trump administration, and we somehow
evolved into, you know, whether Trump spent too much money
during his time, and I said, listen, let's be clear,
he's not a fiscal conservative, but it comes to spending again,

(09:34):
you know, just kind of like at the end of
the day, I'm in the gym, actually hitting the heavy bag,
working out, and I'm thinking, Okay, I'm gonna get done
with this and just go out for dinner tonight, quite dinner,
and I get this email from my producer, Dude, Trump
just called you an never Trumper on social media. That's
truth social wow. So I go back. I see Charlie

(09:55):
never trumper, gus wow. I was asked by Andy. I
was like, what the hell is this?

Speaker 3 (10:02):
And you're not a Nember Trumper, are you?

Speaker 1 (10:04):
No?

Speaker 4 (10:05):
No, right? I was bulls and strikes. I'm both, yeah,
you know, and that's that's the absurdity. Then yesterday Keith
Odman called me a fascist and I and I said, well,
no offense, Keith, but you know that's your go to term.
Disagrees with you, and plus you look like a guy
that that people should keep away from.

Speaker 3 (10:22):
There say, he insulted me one time, and I think
I had the best comeback ever. I said, I wish
you had insulted me when you were still relevant, like
and then it would have you know.

Speaker 4 (10:33):
It mattered ied in and I said, you know who
who would have who ever thought that you were unemployable?

Speaker 2 (10:41):
Everybody?

Speaker 4 (10:42):
So, I mean, you know, that's kind of you know,
the absurdity of you know, the racist thing or the
never Trumper thing is that I'm just a journalist. You know,
I have strong opinions. I call him as I see him.
I've attacked both Republicans and Democrats. You know, most people
don't know what really where I am on the political spectrum.

(11:02):
I'm kind of all over the place. I mean, you
might say I'm a libertarian.

Speaker 2 (11:05):
But then I think I know where you are.

Speaker 4 (11:07):
Yeah, well yeah, but then then again, you know, I
kind of go against the grain on somebody.

Speaker 3 (11:12):
I don't think there's anything wrong with saying that. Wait, yeah,
I'm against ethenaloty too, though, but I have a problem
with you, and I'm pretty right wingy, but can I
have a.

Speaker 4 (11:23):
Problem with you know, outlawing abortion period. I mean, I
understand where Trump's coming with that. I actually agree with
him on leave it to the States, And you know,
I know personally I'm pro choice. I mean, it's just me,
but I understand where he's coming with this. So at
any event, I tried to write a book that way. Now,
one thing I'm not is woke, and I think it's
one of the most corrosive, disgusting cultural phenomenons this country

(11:47):
ever ever engaged in. I could see why it happened
at the at the university level, you know, the fever
swamps of the u N and you know Elizabeth Warren's
sort of staff meetings right aocs, you know, you know,
you know, coffee clatches. But I can't. I could never
understand why Jamie Diamond and Larry Fink and all these

(12:10):
CEOs who I actually know like and respect went there.

Speaker 2 (12:14):
So what did you discover?

Speaker 3 (12:15):
Why?

Speaker 2 (12:15):
Why did well?

Speaker 4 (12:16):
I mean when I did the book, you know, it's
never like one reason why something happened, and it was
it was a slow burn, and I think there was
a number of things that occurt. First off, we should
point out that, you know, Jamie Diamond and Larry Fink
are much different. The new CEOs a different than like
the old guys like you know, Jack Welsh, you know
what I'm saying. You know Dan Tolly who ran Merrill Lynch.

(12:38):
I knew all these guys. They were pretty much just businessmen,
you know. They they were nominally Republican, and Jack Welsh
was conservative, but he just ran a business and that
was his whole thing. And I as I did my
my my reporting, I found out that this sort of
like politicalization of the boardroom sort of started seeping in.
And it reminded me of when I first started at
the Wall Street Journal. My first job at the Wall

(13:00):
Street Journal was covering mutual funds, and you know, I
hated it, but it was like a big business. It
was like booming, and nineteen ninety five, mutual funds was
like it was like AI today. It was like one
of the biggest growth centers for Wall Street and it
just was killing it. And I was covering it and
I noticed this sort of odd little subsector of it

(13:22):
known as socially responsible investing. And I used to you know,
so we used to cover these stories about tech funds
and this thing and Fidelity doing this to investors at
Vanguard exploding in growth, Jack Bogel and Peter Lynch and
you know they had and.

Speaker 2 (13:36):
That was the star that was the start of this
DII moment.

Speaker 4 (13:40):
Well, well, it was a sub sector of the mutual
fund business that was called socially responsible and it was
really interesting. So I used to go and listen to
these folks, like I do a story on them, and
you'd sit there and they just explain why they're you know,
what their investment parameters were, and it was like all
progressive stuff and so like it was we only we

(14:02):
only you know, support you know, these are some of
the parameters. I remember one guy was up there. I
was given a seminar and I raised my hand. He goes,
you know, if you if you're a company that does
not provide you know, reproductive rights, that then we we
won't invest your company. So I said, so you'll use
So this is a fund that supports abortion on demand

(14:22):
and reproduct the rights. No, it's called abortion. You know,
you want to board babies. Again, I'm pro choice, but
it's playing the Devil's advocate with these guys. It was
just watching them like twist themselves. So I just remembered
that it kind of went you know, dormant, and then
if you notice there was certain things occurred that pushed

(14:43):
us along and where it was. You know, two thousand
and eight is a huge marker because that's when you
literally had populism in both the right and the left.
He Party and occupied Wall Street, but mostly occupied Wall Street,
animated members of Congress in ways TEA Party was mostly
focused on the Fed and printing money, and right, you know,

(15:04):
you know, QE being bad and basing the currency. This
was different. This was like political, how do we change companies?
Elizabeth Warren? You know, how do we maybe you know,
socialize all the banks? You know, nationalize the banks was
Kea's thing after two thousand and eight. I covered two
thousand and eight very, very, a lot cher and I
was at CNBC. I broke a lot of the stories.
I broke tarp. I remember moving the markets five hundred

(15:25):
points in a second. It was just fever time. And
you know, the left actually started to sort of gain
political traction in ways I've never seen it before. Obviously,
if you had a community organizer, a man of the left,
Barack Obama's president, if you had industrial policy that was
being foisted on big companies like Republicans like Jeff Immelt

(15:49):
of ge Jack Welsh's successor somehow found himself on Obama's
Economic Council and they were talking about windmills and you know,
how to replace you know, gas gulls in the cars.
So there was clearly something happened then. And then if
you go slowly, you start seeing as I went back
and research, ESG starts to become talked about in dobbles.

(16:11):
It begins at the UN as sort of some sort
of a weird position paper at the UN in nineteen
ninety five. Ironically, right around the time with this social
responsible investing, it starts picking up steam and Davos and
Davos is literally you know, all these guys just it's
like it's like a it's like a feedback loop.

Speaker 2 (16:28):
Yeah, it's an incubator, definitely. Yeah.

Speaker 4 (16:32):
And then you know, you you have Blackrock figuring out
and other asset managers how they can make money and
buy political cover from the left. And one way to
do that is to embrace this ESG business. And they
started literally pushing ESG not just for people that want

(16:58):
to hurt you single as they invest they pushed it
throughout their firms because it allowed their big firms. Their firms,
these are huge asset managers, trillions of dollars. They're very
important to the economy. They could tell companies what to
do because they wanted to get access, mainly to pension
fund money, which was run by lefty politicians in California.

(17:18):
CalPERS is one of the biggest right it's brillions of
dollars New York State trillions of dollars because they want
the Illinois trillions of dollars. They wanted to get that.
They started adopting ESG and then, you know, to put
a finer point on it. I think it was twenty eighteen,
twenty nineteen. The Business Roundtable, which is the one hundred
biggest companies, it's like their lobby group run by Jamie

(17:41):
Diamond at the time, said we're going to change the
way our business ethos. We're going to go to stakeholder
capitalism where we're we're citizens of the world. We're going
to throw overboard shareholder capitalism, which was created by Milton Friedman,
which said you have to serve the shareholder within the
confines of ethics and leading, but don't screw around politics.

(18:02):
And they went there, and then it was game on
and then after George Floyd, you could see the manifestation
of wokeness writ large. Absolutely there is a happy ending
for people like us. In this sense, there was a
consumer backlash.

Speaker 2 (18:16):
Is it backfiring? That's what I want to ask.

Speaker 4 (18:19):
It's not just backfiring. It's like you, I don't think. Listen,
if you want to virtue signal, be a company, a
woke company, you know, you better be Ben and Jerry's
these days.

Speaker 3 (18:29):
Like a product that people just are obsessed with and
don't it doesn't matter what the.

Speaker 4 (18:33):
Politics are, you know, Okay.

Speaker 2 (18:35):
I don't know. I don't buy Ben and Jerry's anymore.
And we liked Ben and Jerry's, but I know we
got it out.

Speaker 3 (18:40):
I also, I'm running out of sneaker brands, like we're
like all the sneaker brands are woke.

Speaker 2 (18:46):
I don't even know what to buy anymore.

Speaker 4 (18:48):
Are they I don't see it. I don't see them
proselytizing as someone Nike.

Speaker 2 (18:53):
I don't know.

Speaker 3 (18:53):
I guess I just I can't forgive what they did
even a few years ago. Maybe they're not as much anymore.
We don't buy Nike, you know. Adidas just had this whole,
like nineteen seventy two celebrating the Olympics where Israeli athletes
were slaughtered. I just all all of that to me.

Speaker 2 (19:11):
I can't abide, And then.

Speaker 3 (19:13):
I'm actually my favorite my favorite sneaker brand was Kanye's.
Kanye West's Easy's were the best sneakers I've ever worn
in my life.

Speaker 2 (19:21):
It was like walking on clouds. They were amazing. I
don't know why nobody else can do it, but yeah,
I was really hard hit by that.

Speaker 4 (19:28):
Well, you could buy all the listen. I don't have
I work out a lot, trust me, I have the
bad needs to prove it. And I'm older and so
I don't wear Adidas or Nike or any of those
and I get through the day.

Speaker 2 (19:39):
So yeah, you don't have to tell us what you're
I got.

Speaker 4 (19:43):
My wife orders them for me. That's all. But I
I'll go look later. But that's what I'm saying, Like,
if you go there, you will face consumer backlace, bud
Wiser Disney inflicting same sex kissing scenes gratuitously in cartoons.
I mean give me.

Speaker 3 (19:58):
Yeah.

Speaker 4 (20:00):
Blackrock lost two trillion dollars assets under management when it
became the poster child for esg right, none of this
stuff's works. And if we're going to go meta on
this a little bit, you got to ask yourself, Okay,
if it doesn't work broadly for brands, how is Kamala
Harris going to pull it off? Because Kamala is you
know she said it, Oh I'm be woke. Well, yeah,

(20:24):
it was some word salad. She came up, trust me,
some word salad and it was like in line with
everything else she says. But her bottom line was when
you translated, you know, go woke. You know it's the
best thing in the world. I don't think it's a
winning formula.

Speaker 2 (20:40):
I hope.

Speaker 4 (20:41):
Yeah, Donald, it's construe this up.

Speaker 2 (20:43):
Excuse me, I said, you're a lot of curse on here.
It's totally okay.

Speaker 3 (20:48):
We're going to take a quick break and be right
back on the Carol Marcowitch Show. So a question that
I ask all of my guests is what do you
think is our largest cultural pro And I guess my
follow up to that is is it wokeness in companies?
Is does it trickle down into our culture?

Speaker 4 (21:08):
Well, I don't think it's wokeness in company. I think
it's wokeness period. I mean I think this sort of
this sort of cultural affinity to celebrate everybody's difference except
for a white male and have a hierarchy and celebration
of this is maybe the dumbest thing for cultural cohesion,

(21:32):
for cohesive society to do. I mean there is I
mean there is no there is no unifying ethos of wokeness.
It's all about putting putting each other at odds and
you know, fighting about it and beating up on the
guys on the other lower end like they were like
they own slaves. I mean, listen, I mean listen. I

(21:55):
come at this interestingly because I'm the first person who
my family to actually and then my brother was second
to go to go to high school, like to finish
high school. My father went to Samuel Gompers High School
in the Bronx, which, if you know, is a technical
high school. It's not not like academic high school. It's
because he was a poor white dude Italian. My mother

(22:19):
lived in housing projects and tenements, Italian American. She dropped
out of school at sixteen because she could type but
a gazillion words admitted a minute. She got a job
at the Bisco as a as a secretary like one
of those Madmen secretaries was my mom, and that my
father at the time was working in the New York
City's Stanitation department as a mechanic. And you know, I'm

(22:40):
just saying that I come from this. You know, there
is no there were no gimneys for me, you know
what I'm saying. It was like nobody gave me two
hundred points in my SATs. You know, no one said,
you know, I had no no coaching through this. I
had parents that really didn't know about it. And come out, listen.

(23:02):
I didn't grow up in a tenement, and I get that,
but it's and I understand the need for diversity, and
I also understand the need for poor people to get
a break. But by by essentially saying and this is
what DEI does, the rich South American woman lesbian has

(23:24):
has been more oppressed than the coal miner's daughter.

Speaker 2 (23:30):
That it makes no sense.

Speaker 4 (23:32):
It makes no sense. And it's because she checks more
boxes on race and sex and all this weird stuff
that some creepy social scientists came up with. God knows
when I guess it was. I mean, I don't you know,
that was one thing I didn't say, like who I
found out when woke became a term. It was after

(23:52):
Michael Brown and the Ferguson stuff. It was supposed to
be awake, then they woke, and then it was bewoke,
and then a sudden it was like, you know, the right,
the conservative movement actually sort of stole that, you know,
exppropriated it and try to make fun of it. And
George I's probably the first time they ever did anything
smart like that. But you know, so, you know, I

(24:17):
wonder who actually came up with these check boxes, these intersectionality.
I mean, yeah about this.

Speaker 2 (24:25):
Yeah, it's the active mentioned in the book.

Speaker 4 (24:28):
What became interesting is after George Floyd is like all
these companies like Gold and Sachs started like bringing see
r people that taught this stuff right sermonized. Yeah. The
weirdest thing.

Speaker 3 (24:41):
I just I just watched Am I Racist? The Matt
Walsh movie.

Speaker 2 (24:45):
I'm so good.

Speaker 3 (24:46):
It's I mean, awkward as all hell. I had to
watch it like like this, I like, I don't do
well with awkward, Like I can't watch Curb Your Enthusiasm
or anything like that, but I made it through this movie.
It was really funny and it's like scare how these
people swallow this bullshit, and the fact that people that
come big companies do is you know, even more frightening.

Speaker 4 (25:08):
Really yeah, I mean like listening to Jamie Diamond talk
about systemic racism, like so Jamie and then and then
talk about the need for a racial equity fund, right,
thirty six billion dollar racial equity fund. So I raised
this thing. And then to watch him take a knee
during the same time at a bank branch in Malchis.

(25:30):
Goes from yeah, so there's all there's there's By the way,
my story is mainly anecdotes. I try to write it
like a my book. I try to write it like
a narrative, you know. So you see all these narratives,
and it's chronological and all this stuff. So there's a
couple of things that stand out. One of the things
was with Jamie Diamond. So when he so he starts,
he sees what goes on at Bank of America. Brian Mornan,

(25:51):
another very woke CEO, says, Okay, calls everybody in his room.
I had a source that I knew exactly what was
going on, calls everybody and he goes two things. After
George Floyd, this is really bad stuff. I need. I
need everybody to read the collective works of roge Chetty.
And roge Chetty is a progressive professor at Harvard that

(26:12):
talks about inequality a lot, you know what I'm saying.
And then he started bringing in roge Chetty to give
like certain you know, zoom calls with bankers and stuff
like this, such a grift, Yeah, it's so stupid. Then
he says, you know what, We're going to start a
one point five billion dollar racial equity fund. People are like, okay, well,
how do we give this out? He goes, just get
the money going, just get it out there, right, And

(26:34):
what is it going to be? Well, low interest loans,
this that grants you know. Diamond sees this and he goes, well,
you know I can't let a he's the second biggest bank,
we're number one. So he starts he's sort of like
does it on steroids. He says, we're going to do
a thirty five billion dollar fund, and you know, this
is systemic racism. We're going to give it to every community,

(26:57):
including the LATINX community and so.

Speaker 2 (27:00):
And everyone's like, what the hell's Latinx's.

Speaker 4 (27:03):
Like, what's the LATINX know what it is. But yes,
in fact checking the book, I go back, I go, well,
can you tell me how this worked out. He goes, no,
we're not going to get in.

Speaker 2 (27:13):
Don't you worry about it. It was fine.

Speaker 4 (27:15):
The PR guy for JP Morgan says, but you know,
you keep mentioning Jamie taking a knee. I said, yes,
he did it when he went to the Mount Kisco
branch right during the George Floyd wriots. And I remember
calling you. I said, well, is he taking a knee
for Black Lives Matter? And you said, no comments, you
just believe what you want. I said, well, that was
a that was not tacit. You were basically confirming what

(27:37):
everybody thinks. Yeah, and he goes, oh no, no, we
just didn't want to get involved at the time. Jamie
was actually taking a knee so we can fit in
the picture and not block the people behind.

Speaker 2 (27:48):
Oh yeah.

Speaker 4 (27:49):
And I'm like, oh, come on, took you four years
to come out with that.

Speaker 2 (27:52):
Clarify that right, I'm not sure. I'm not sure I
buy that one.

Speaker 4 (27:56):
Actually, well, you know, that was an interesting see this
there's a couple of really interesting scenes. Another interesting scene,
which is very telling is there's something called the New
York City Partnership.

Speaker 3 (28:06):
You know wild it's like all the big businesses in
New York, right, I mean all the banks, all the
insurance companies.

Speaker 2 (28:14):
So they do like the parks and stuff, like the movies.

Speaker 4 (28:16):
And stuff like that they do. It's like a pr organization,
lobby group for the biggest the biggest companies in New York.
They need all the time. So I mean, like Steve
Schwartzman A Blackstone is part of it. So it is
Jamie Dimond. So they're all part of it. I think
it's Alvin Bragg had just gotten elected, uh Manhattan Attorney General,

(28:39):
excuse me, Manhattan District Attorney and taking a spot that
was you know, for years made it was a great
office run by Bob Morgan. Thou Yeah, a political It
just took on mainly big crimes. You know, it wasn't
a political organization. But you know, Alva Bragg ran as
a George Soros esque defund the police guy that's, let's

(29:01):
not crack down on crimes, let's decriminalize all this stuff.
He comes in and he starts, it leaks, and the
Post breaks the story that it leaks, the memo about
here all the crimes. We're not going to prosecute anymore.
Something to get a little crazy at the New York
City Partnership, where it is, I just give the guy

(29:24):
a chance. He doesn't seem that radical if you talk
to he's a nice guy.

Speaker 2 (29:27):
Yeah.

Speaker 4 (29:28):
So they were like okay, and then the body start
piling up them. I mean, this is where it gets
really sick. I mean, you know, the woman from Deloitte
gets pushed in front of a train and forget. I
think the name is go Kathleen Glow or go. There's
a guy that worked at Golden Sacks. And these are
not like bankers. You know, people think that everybody works
for a financial firm is rich and takes chauffeurs. No,

(29:51):
these are the average people work.

Speaker 2 (29:52):
But also used to be like that. Everybody took the subway.

Speaker 3 (29:55):
That was like everybody took people that could buy protection,
average people. They had to when things started going downhill.
They couldn't protect this guy.

Speaker 4 (30:04):
Sas guy was on a train and he got murdered,
just flown away. They go nuts the New York City Partnership.
They demand a meeting with Bragg. He goes, he sits
there and they're like, there's all these crazy questions, like
what guy says, So, if if I get hit in
the head with a baseball bat and beat and die,
is that is that not a crime? That's a crime

(30:27):
because they tried to kill you. Yeah, But then he says,
well I suppose I don't die, Well then maybe, I
mean it was like this weird thing, right, And then
Bragg turns to them and says something along the lines
I'm paraphrasing, Well, you guys kind of knew where I
was coming from when I first ran. Why did you
Why aren't he complaining? Now?

Speaker 2 (30:44):
I like that. Good for him. You know, they did know,
They did know.

Speaker 4 (30:48):
And I agree with him on that, and I agree
with him on anything.

Speaker 2 (30:51):
Else no the same.

Speaker 3 (30:52):
I mean, I think he's horrific, and they, you know,
hope New York votes him out.

Speaker 2 (30:56):
But he's right.

Speaker 3 (30:57):
They wanted somebody far left. They got someone far left.
What do they think's going to happen?

Speaker 4 (31:02):
Well, they are there because they're taking the chauffeur. And
that's one thing that's so pernicious about welkness in general,
whether it's defunded police, whether it's you know, what target
does where you have to you know, you go to
a shop store with your two kids.

Speaker 2 (31:16):
Yeah, and you got to.

Speaker 4 (31:17):
See rows upon rows of gender affirming stuff for children,
Rainbow coverers, onesies, tuck friendly bathing suits that could be
worn by a teenage boy transition to a woman. I mean,
all the books proselytizing personally, I don't care. When I
walk see that stuff I walk by, it doesn't even
register my head. People do care. And you know, here's

(31:40):
the thing, and this is where it gets horrible for
the average American. Why they're rebelling. They don't have shoppers
for them. They have to shop on their own. They
don't have daycares. Some people can't afford daycare. They have
to Moms from working class families have to bring the
kids to Target with them, right, you know they go
to a movie. They just want to, you know, get

(32:02):
their kids out of the house.

Speaker 2 (32:03):
Right, You don't. We don't want a lesson that you
don't agree with.

Speaker 3 (32:06):
You don't want the messaging to children, right, they don't
want to. I mean I care, I don't want political
messaging to my kids.

Speaker 2 (32:15):
I would not agree with it.

Speaker 4 (32:16):
But the rich CEO like a Jamie Diamond or the
guy that runs Target like Cornell's point and make a
book they can escape all that. They don't have to
have their kids be proselytized by that. The average American
does send their kids to public school and they're teaching
pronouns in the public school. Yeah, Ron desanthis bravely and

(32:38):
courageously said enough enough. And this is where this is.

Speaker 2 (32:42):
What he actually did. It's so funny. I feel like
people don't talk about this enough.

Speaker 3 (32:45):
But he made the public schools safer from that kind
of stuff. And the private schools are you know, like
parents who send their kids to private schools in Florida,
you have to kind of know what you're going to
get at your school. It could be good, it could
be bad, but the state has no control over that.
He made the public schools exactly what you're saying. He
made it safer for the average person to send their kids.

Speaker 4 (33:08):
And by the way, he's a popularly elected governor. It
was passed by a popularly popularly elected state legislature. And
guess who opposed it. And this is one of the
key parts of the book. Disney. Right, So Disney is
sitting there and you know, Bob Chapick was the CEO.
He didn't want to oppose it. He felt compelled to.

Speaker 2 (33:29):
He was forced to write by activists.

Speaker 4 (33:31):
Yeah, Bob and by the way, the guy that later
took his job, Bob Iger. I went back and noticed
that Bob iger gave an interview and did a tweet
about how Disney's staying out of the fight over the
Don't Say Gay bill, which you never said, gain the bill.
It's ridiculous, was bad for trance kids, discriminatory, and it
puts so much pressure on chaepick. He had to do

(33:53):
one and then he kind of tried to correct himself
too much on the rates and he went and he
lost his job. Obviouslyer's back there, and but think about that.
And this is where a guy named ed Renzi, who
leads as a former CEO of McDonald's USA, who leads
the counter attack to wokeness. He saw what was going on.
He said, who the hell is this guy saying no

(34:14):
to the governor? Just run fucking business. And he did
say it just like that, And he started a movement.
He and Bernie Marcus, who's another yes, Bernie Marcus Home
Depot fame, started a counter movement, uh, you know, to
to address corporate wokeness. That's my bigger point is and
here's where what does go broke? So Eiger comes back

(34:37):
in they blow out shape pick. Oh the great Eiger's back.
You know he had a great run, but you know
a lot of it was wind was at his back, right,
you know, he you know, he was the media business
and we didn't have cord cutting when Bob Iger was running.
Most of the stuff he had the he had good rate,
he had good shows, he had good rate, and it
almost didn't matter papered over all his wacky wokenessney stock kept.

Speaker 3 (34:57):
Going up in good times, you can get away with
a lot, right.

Speaker 4 (35:01):
So then and by the way, then he did something
stupid and something really smart that our ultimate boss did
sold him all our entertainment assets at the top of
the market. So he was laiden with fifty billion dollars
a day. Right, So Fox sold its entertainment apps. So
that's what Chapik was dealing with. He wanted to deal
with that. So now Iiger has to deal with it.

(35:22):
He also has to deal with the fact that people
hate his woke programming. He does then if you read
the end of the book, he's doing a one eighty unwokeness.
Mister woke himself. And one reason why he is is
because disney Stock hasn't yet since twenty fourteen.

Speaker 3 (35:37):
That's reason for that, Right, He's hopefully waking up woke,
you know, waking up in the other direction though.

Speaker 2 (35:44):
Yes, so, Charlie, You're on Fox.

Speaker 3 (35:47):
News, you have a column in the Post, you have
a new hit book out.

Speaker 2 (35:51):
Do you feel like you've made it?

Speaker 1 (35:53):
So?

Speaker 2 (35:53):
What does that mean?

Speaker 4 (35:54):
I don't know. You know, Listen, I've had ups downs
in my career. You know. I wrote a best selling
book in two thousand and eight, got a new contract
that Fox from CNBC. You know where I thought. I really,
when I think I make it is like when I
when I break a big story and I don't know.
I don't know yet if I made it with this,

(36:15):
with this, you know, and one other thing. You know, this,
this is a hard question. I can't believe you asked
me this. This is like one of those open ended
questions that always get you in trouble. I will say this.
I think I'm blessed. Okay. I get on my knees
every day and I thank the Good Lord for my health,
for the ability to keep doing this at a high level,

(36:37):
and for platforms that allow me to do this. And
I thank the people at Fox. I think the people
at the Post and and I try to deliver, you know,
based on you know, they give me the platform. I
tried to deliver for them. I think in that way,
I think I made it, and that to me is
making you know, I live a good life. I you know,

(36:57):
I don't want for anything. I don't live extravagantly. I
make decent money, you know. You know, listen, when I
was a kid, it was funny my parents thought there
was so I grew up in Yorktown Heights, you know, yeah,
the only thinking about Yorktown Heights. That's where AOC came from.
Only my old man was a construction worker and we
lived in front of the car wash. In my backyard

(37:18):
was the car wash and the UPS plant. So think
about that. In our one thousand foot square foot house,
we used to hear the trucks rumble in every day.
I mean, these are big So anyway, my parents always
wanted me. They're a big dream for me was to
get a job at the UPS plan and be a teamster.

Speaker 2 (37:39):
So you maybe did a little better, you know, And.

Speaker 4 (37:42):
I'll tell you so I'm happy where I am and
I didn't have to go there.

Speaker 2 (37:46):
Yeah. I love that. Well.

Speaker 3 (37:48):
I love talking to you, Charlie. You've been such a
great guest, and here with your best tip for my
listeners on how they can improve their.

Speaker 4 (37:57):
Lives stay in shape.

Speaker 2 (38:00):
Does that involve the gym?

Speaker 4 (38:02):
That involved the gym, and that means reading everything that
comes your way, including people you disagree with.

Speaker 2 (38:08):
Yeah, that's a really good tip.

Speaker 4 (38:09):
Will keep your mind. It gets you thinking, keep your
mind sharp, keep your body sharp, and just try to
be a good person. One thing I've always tried to
do was give back. Listen, I could be a prick.
You you you attack me, I'm ready to fight. You know.
I don't do that to women, but that's the sexist
in me. But if you're a guy and you get

(38:31):
my face, you know I'm ready. Don't get me wrong.
But one of the things that I've fulfilled me most
in life is that I've had a bunch of kids
that work for me, including my current producer, and they've
all done very well in journalism. You know, I got
a kid that used to work for me is at
CNBC doing well. Lydia Moynihan's at the Post's Ellie. My

(38:54):
current produced arrot is doing great. You know, I have
a bunch of them. They're all they're all you know,
they they you know. I gave back that way, and
I think that's very fulfilling. And I think doing that
it pays it pays it back when people need help.
For me, I try to be there, Yeah, try to
help kids that ask for help. You know, no charge, right,

(39:14):
you know, is my two cents. And I think being
a good person like that, trying to be a mentor
is like is you know, it comes back to you.
You know, there's a centrifical force that that the Good
Lord I think puts into place. You know, you do
get you do get back. You know, it comes back
to you.

Speaker 2 (39:33):
I absolutely agree. He is Charlie Gasparino.

Speaker 3 (39:36):
Catch him on Fox Business, read him in the New
York Post. Get his new book, Go Woke, Go Broke,
The inside story of the radicalization of Corporate America.

Speaker 2 (39:45):
Thank you so much for coming on, Charlie.

Speaker 4 (39:46):
Anytime, Carol, glad we could do this.

Speaker 1 (39:48):
Thank you, thanks so much for joining us on the
Carol Marko Which show.

Speaker 2 (39:52):
Subscribe wherever you get your podcasts.
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Host

Karol Markowicz

Karol Markowicz

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