All-In with Chamath, Jason, Sacks & Friedberg

(0:00) Welcoming Cyan Banister and David Sacks! (3:23) Behind the scenes of the Besties in DC: White House, cabinet interviews, and more (33:00) How M&A will be unleashed, Google buys Wiz for $32B, Tim Walz on Tesla (49:09) Deep dive on Google/Wiz: breakup fee, impact on VC, ROIC, cloud advantage (1:00:28) Treasury vs Fed tension, Bond markets, consumers, deregulation (1:12:57) Space rescue, SpaceX vs China, lunar landing Thanks to our partners for making this happen: Hims: https://www.hims.com | https://www.forhers.com [https://www.forhers.com] Gemini: https://www.gemini.com/allin [https://www.gemini.com/allin] iTrustCapital (use code allin): https://www.itrustcapital.com/allin [https://www.itrustcapital.com/allin] Follow Cyan: https://x.com/cyantist [https://x.com/cyantist] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: Bessent interview: https://youtu.be/lSma9suyp24 [https://youtu.be/lSma9suyp24] Lutnick interview: https://youtu.be/182ckTL2KBA [https://youtu.be/182ckTL2KBA] https://www.cnbc.com/2025/03/18/google-to-acquire-cloud-security-startup-wiz-for-32-billion.html [https://www.cnbc.com/2025/03/18/google-to-acquire-cloud-security-startup-wiz-for-32-billion.html] https://x.com/Tim_Walz/status/1902197581586833643 [https://x.com/Tim_Walz/status/1902197581586833643] https://www.nbcnews.com/politics/politics-news/democratic-party-hits-new-polling-lowvoters-want-fight-trump-harder-rcna196161 [https://www.nbcnews.com/politics/politics-news/democratic-party-hits-new-polling-lowvoters-want-fight-trump-harder-rcna196161] https://x.com/elonmusk/status/1519735033950470144 [https://x.com/elonmusk/status/1519735033950470144] https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7 [https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7] https://x.com/thesamparr/status/1902385138308104685 [https://x.com/thesamparr/status/1902385138308104685] https://www.wsj.com/economy/central-banking/interest-rates-decision-federal-reserve-ed172223 [https://www.wsj.com/economy/central-banking/interest-rates-decision-federal-reserve-ed172223] https://www.cnbc.com/quotes/US10Y [https://www.cnbc.com/quotes/US10Y] https://www.nytimes.com/2025/03/10/technology/eric-schmidt-relativity-space.html [https://www.nytimes.com/2025/03/10/technology/eric-schmidt-relativity-space.html] https://arstechnica.com/space/2024/11/chinas-long-term-lunar-plans-now-depend-on-developing-its-own-starship [https://arstechnica.com/space/2024/11/chinas-long-term-lunar-plans-now-depend-on-developing-its-own-starship] https://www.nbcnews.com/politics/elections/steve-kornacki-white-men-white-women-gap-gender-gap-rcna196791 [https://www.nbcnews.com/politics/elections/steve-kornacki-white-men-white-women-gap-gender-gap-rcna196791]

(0:00) Chamath and Friedberg welcome Commerce Secretary Howard Lutnick! (1:10) Howard describes his 30+ year relationship with President Trump and his road from business to politics (14:44) Running Trump's transition team, DOGE origin story, what it's like working for Trump (38:01) Balancing the budget and fixing GDP (52:21) Tariff history and strategy, global trade (1:10:34) Trump Cards, building better government software, AI thoughts (1:22:49) Sovereign Wealth Fund strategy (1:37:16) How his family reacted to his new role Thanks to our partners for making this happen: Gemini: https://www.gemini.com/allin [https://www.gemini.com/allin] Hims: https://www.hims.com [https://www.hims.com] | https://www.forhers.com [https://www.forhers.com] iTrustCapital (use code allin): https://www.itrustcapital.com/allin [https://www.itrustcapital.com/allin] Follow Secretary Lutnick: https://x.com/howardlutnick [https://x.com/howardlutnick] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect]

(0:00) Chamath and Friedberg describe their adventures in DC and welcome Treasury Secretary Scott Bessent! (2:12) Scott's background, what drew him to equities, the role of macro investors (7:22) The legendary trade that broke the Bank of England in 1992, and how it relates to Main Street vs Wall Street today (21:30) Scott explains the Trump Administration's economic strategy (32:45) How this administration plans to de-regulate the economy, Fed relationship, re-financing debt (42:06) DOGE, DC grifts, shakeup at the IRS (50:51) Re-engineering social security through the US SWF, how energy factors in (1:00:02) Surprises, fixing affordability, thoughts on President Trump Thanks to our partners for making this happen: Gemini: https://www.gemini.com/allin [https://www.gemini.com/allin] Hims: https://www.hims.com [https://www.hims.com] | https://www.forhers.com [https://www.forhers.com] iTrustCapital (use code allin): https://www.itrustcapital.com/allin [https://www.itrustcapital.com/allin] Follow Secretary Bessent: https://x.com/SecScottBessent [https://x.com/SecScottBessent] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect]

(0:00) The Besties intro Andrew Schulz! (3:29) Friedberg hits a quick Science Corner on the future of fertility (9:35) Reacting to Gavin Newsom's new podcast: genius or pandering? (19:36) Tariff experiment so far: risks, communication issues, and more (30:44) Why the American Dream is broken and how to fix it: cracking the housing market, social security reform (55:45) Aligning upside via increased stock market participation (1:11:23) How Andrew blew up in comedy, going direct via YouTube, building a cancel-proof following (1:22:25) State of America, conspiracy obsession, thoughts on Trump and DOGE GET TICKETS for All-In Live: Miami https://allin.com/events [https://allin.com/events] Follow Andrew: https://x.com/andrewschulz [https://x.com/andrewschulz] Check out Andrew's new special LIFE: https://www.netflix.com/title/81741999 [https://www.netflix.com/title/81741999] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://x.com/chamath/status/1895948351516131515 [https://x.com/chamath/status/1895948351516131515] https://x.com/ChineseEmbinUS/status/1897132043362034153 [https://x.com/ChineseEmbinUS/status/1897132043362034153] https://electrek.co/2025/02/07/renewables-90-percent-new-us-capacity-2024-ferc [https://electrek.co/2025/02/07/renewables-90-percent-new-us-capacity-2024-ferc] https://www.wsj.com/opinion/bidens-mortgage-relief-fuels-higher-housing-prices-policy-loans-risk-cb0a1974 [https://www.wsj.com/opinion/bidens-mortgage-relief-fuels-higher-housing-prices-policy-loans-risk-cb0a1974]

(0:00) The Besties welcome Joe Lonsdale! (3:51) Jason recaps an eventful week in Washington (8:29) Trump's tariffs: endgame, impact, chaos, master plan (26:25) DOGE, IRA grifting, do campaign contributions need to be capped? (53:42) CoreWeave IPO (1:03:36) Trump 2.0 favoring Main Street over Wall Street, bond market breakdown, re-balancing the economy (1:14:19) State of Ukraine/Russia, the Western alliance, and how techno-optimism plays into the future of defense pacts (1:24:31) GPT-4.5, Grok 3 on X, and the Golden Age of language models (1:33:47) All-In for F1 Miami! (1:37:34) David Sacks joins Jason to break down the Strategic Bitcoin Reserve and Digital Asset Stockpile (1:48:30) Sacks addresses clearing all of his crypto-related positions prior to Inauguration Day (1:57:23) Importance of disclosures and updates on a market structure bill GET TICKETS for All-In Live: Miami https://allin.com/events [https://allin.com/events] Follow Joe: https://x.com/JTLonsdale [https://x.com/JTLonsdale] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://truthsocial.com/@realDonaldTrump/posts/114093526901586124 [https://truthsocial.com/@realDonaldTrump/posts/114093526901586124] https://x.com/JTLonsdale/status/1896245689488920748 [https://x.com/JTLonsdale/status/1896245689488920748] https://x.com/Jason/status/1896235076456739138 [https://x.com/Jason/status/1896235076456739138] https://truthsocial.com/@realDonaldTrump/posts/114093946326587357 [https://truthsocial.com/@realDonaldTrump/posts/114093946326587357] https://www.reuters.com/technology/tsmc-ceo-meet-with-trump-tout-investment-plans-2025-03-03 [https://www.reuters.com/technology/tsmc-ceo-meet-with-trump-tout-investment-plans-2025-03-03] https://x.com/AutismCapital/status/1896655215899893968 [https://x.com/AutismCapital/status/1896655215899893968] https://x.com/USATODAY/status/1897248477081460849 [https://x.com/USATODAY/status/1897248477081460849] https://www.nbcnews.com/politics/supreme-court/supreme-court-rejects-trump-administrations-bid-avoid-paying-usaid-con-rcna194230 [https://www.nbcnews.com/politics/supreme-court/supreme-court-rejects-trump-administrations-bid-avoid-paying-usaid-con-rcna194230] https://truthsocial.com/@realDonaldTrump/posts/114116432894994278 [https://truthsocial.com/@realDonaldTrump/posts/114116432894994278] https://truthsocial.com/@realDonaldTrump/posts/114112015891353323 [https://truthsocial.com/@realDonaldTrump/posts/114112015891353323] https://www.reuters.com/business/autos-transportation/trump-auto-tariff-rate-will-be-around-25-2025-02-18 [https://www.reuters.com/business/autos-transportation/trump-auto-tariff-rate-will-be-around-25-2025-02-18] https://fred.stlouisfed.org/series/USGOVT [https://fred.stlouisfed.org/series/USGOVT] https://x.com/DOGE/status/1897464303428755692 [https://x.com/DOGE/status/1897464303428755692] https://electrek.co/2025/02/07/renewables-90-percent-new-us-capacity-2024-ferc [https://electrek.co/2025/02/07/renewables-90-percent-new-us-capacity-2024-ferc] https://www.thefp.com/p/a-20-billion-slush-fund-nonprofits [https://www.thefp.com/p/a-20-billion-slush-fund-nonprofits] https://x.com/bariweiss/status/1896992192197013888 [https://x.com/bariweiss/status/1896992192197013888] https://truthsocial.com/@realDonaldTrump/posts/114117008305421663 [https://truthsocial.com/@realDonaldTrump/posts/114117008305421663] https://x.com/chamath/status/1895948351516131515 [https://x.com/chamath/status/1895948351516131515] https://x.com/chamath/status/1895948351516131515 [https://x.com/chamath/status/1895948351516131515] https://x.com/unusual_whales/status/1897737394964906437 [https://x.com/unusual_whales/status/1897737394964906437] https://x.com/great_martis/status/1897194563800064153 [https://x.com/great_martis/status/1897194563800064153] https://x.com/great_martis/status/1897581115952804248 [https://x.com/great_martis/status/1897581115952804248] https://www.sec.gov/Archives/edgar/data/1769628/000119312525044231/d899798ds1.htm [https://www.sec.gov/Archives/edgar/data/1769628/000119312525044231/d899798ds1.htm] https://x.com/chamath/status/1896052861500604884 [https://x.com/chamath/status/1896052861500604884] https://www.newsweek.com/map-global-thorium-reserves-country-2039893 [https://www.newsweek.com/map-global-thorium-reserves-country-2039893] https://apnews.com/article/donald-trump-bitcoin-cryptocurrency-stockpile-6f1314f5e99bbf47cc3ee6fc6178588d [https://apnews.com/article/donald-trump-bitcoin-cryptocurrency-stockpile-6f1314f5e99bbf47cc3ee6fc6178588d] https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology [https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology] https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserveand-united-states-digital-asset-stockpile [https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserveand-united-states-digital-asset-stockpile] https://x.com/dmartkc/status/1896260059640025113 [https://x.com/dmartkc/status/1896260059640025113] https://x.com/ryangrim/status/1896306748052623852 [https://x.com/ryangrim/status/1896306748052623852] https://x.com/_Andre_Ellis/status/1896935969041104981 [https://x.com/_Andre_Ellis/status/1896935969041104981] https://x.com/KyleSamani/status/1897130321021411750 [https://x.com/KyleSamani/status/1897130321021411750] https://x.com/pbartstephens/status/1897008176467468349 [https://x.com/pbartstephens/status/1897008176467468349] https://x.com/HHorsley/status/1897461451675328879 [https://x.com/HHorsley/status/1897461451675328879]