The Rich Zeoli Show- Hour 1:

• On Wednesday, billionaire Elon Musk spoke with New York Times financial columnist Andrew Ross Sorkin at the 2023 DealBook Summit in New York City. During the conversation, Musk reacted to advertisers—like Disney, NBC Universal, Paramount, and Apple—pulling their money from X (the social media platform formally known as Twitter) due to disagreements over content permitted to exist on the platform, explaining: “If someone is going to try to blackmail me with advertising, black mail me with money—go f*** yourself.” He then said, “Hi, Bob!”—referencing Disney CEO Bob Iger who was attending the event.
• While speaking with Andrew Ross Sokin, Elon Musk was forced to concede that without advertising dollars, X will go bankrupt and ultimately “be gone.” Though he defiantly told the audience at the 2023 DealBook Summit: “Let the chips fall where they may…What I care about is the reality of goodness not the perception of it. And what I see all over the place is people care about looking good while doing evil. F*** them.”
• Chico Harlan, of The Washington Post, documents that although the United Arab Emirates (UAE) is hosting the United Nations Climate Change Conference (COP28) later this week, they are simultaneously “ramping up its oil production capacity like never before.” You can read the full article here: https://www.washingtonpost.com/climate-environment/2023/11/21/uae-dubai-cop28-oil-solar/
• In an opinion piece featured in The Wall Street Journal, Bjorn Lomborg—a fellow at Stanford University’s Hoover Institution—writes: “World leaders are gathering in Dubai for another climate conference, which will no doubt yield heady promises along the lines of the 2015 Paris climate agreement to keep the global temperature’s rise ‘well below’ 2 degrees Celsius and pursue efforts to limit it to 1.5 degrees. But they’d be wiser not to. New research shows how extravagant climate promises are far more wasteful than useful… peer-reviewed paper from MIT economists identifies the cost of holding the temperature’s rise below 1.5 degrees as well as that of achieving net zero globally by 2050. The researchers find that these Paris policies would cost 8% to 18% of annual GDP by 2050 and 11% to 13% annually by 2100.” You can read the full editorial here: https://www.wsj.com/articles/net-zero-fails-the-cost-benefit-test-paris-climate-accord-cop28-748ae52d?mod=opinion_lead_pos6