WEBVTT 00:00:00.000 --> 00:00:02.919 Welcome to the deep dive. You've handed us quite 00:00:02.919 --> 00:00:06.040 the stack of sources today. Our job, like always, 00:00:06.379 --> 00:00:08.740 is to sift through all this complex high -stakes 00:00:08.740 --> 00:00:11.720 stuff and get you the key insights fast. Yeah, 00:00:11.820 --> 00:00:14.220 that's a lot. We're looking at... simultaneous 00:00:14.220 --> 00:00:17.539 crises basically, a government shutdown breathing 00:00:17.539 --> 00:00:19.739 down our necks, this huge military gathering, 00:00:20.079 --> 00:00:22.280 and then this whole campaign against cultural 00:00:22.280 --> 00:00:24.760 institutions, especially sports. Right, so we've 00:00:24.760 --> 00:00:27.579 got political chaos, military moves, and this 00:00:27.579 --> 00:00:29.839 pressure on sports and even gaming. Exactly. 00:00:30.059 --> 00:00:32.520 We've got stuff covering the immediate political 00:00:32.520 --> 00:00:34.799 flash points, like the shutdown talks, the military 00:00:34.799 --> 00:00:36.939 logistics, and then a multi -part look at how 00:00:36.939 --> 00:00:39.119 the president's targeting places like the WNBA, 00:00:39.200 --> 00:00:41.719 the World Cup, even video game companies. OK, 00:00:41.799 --> 00:00:43.359 let's dive in. The immediate thing that jumps 00:00:43.359 --> 00:00:45.719 out is how talks just completely failed. And 00:00:45.719 --> 00:00:48.579 then, boom, this really weird AI video pops up. 00:00:48.960 --> 00:00:50.719 That feels like the starting point. It really 00:00:50.719 --> 00:00:52.820 sets the tone, doesn't it? That switch from trying 00:00:52.820 --> 00:00:56.270 to talk or pretending to, to just, well, open 00:00:56.270 --> 00:00:58.450 political attack within minutes. Okay, segment 00:00:58.450 --> 00:01:00.990 one then. The government shutdown. Leaders met 00:01:00.990 --> 00:01:03.689 yesterday. How did that go? The sources sound 00:01:03.689 --> 00:01:06.750 pretty negative. Not a success, is putting it 00:01:06.750 --> 00:01:10.269 mildly, I think. The Democratic leaders, Schumer 00:01:10.269 --> 00:01:12.390 and Jeffries, they apparently left thinking, 00:01:12.629 --> 00:01:16.129 maybe? Just maybe the president might be open 00:01:16.129 --> 00:01:18.549 to talking about extending health care subsidies. 00:01:18.829 --> 00:01:20.689 Just talking about it. Exactly. Just talking. 00:01:21.049 --> 00:01:24.109 The source is really clear that's a million miles 00:01:24.109 --> 00:01:26.969 away from an actual deal needed to stop the shutdown 00:01:26.969 --> 00:01:29.590 by midnight tonight. And right after this non 00:01:29.590 --> 00:01:32.489 -success, the AI video lands. Tell us about that. 00:01:32.510 --> 00:01:35.590 It sounds pretty aggressive. Oh, it was. Startlingly 00:01:35.590 --> 00:01:38.950 so. It's AI -generated, showing Schumer and Jeffries. 00:01:39.530 --> 00:01:42.129 And the depiction of Jeffries, who's black, wearing 00:01:42.129 --> 00:01:45.069 a sombrero. Well, the sources found that odd. 00:01:45.269 --> 00:01:47.790 Odd is one word for it. Trying to link him to 00:01:47.790 --> 00:01:49.829 immigration issues for the base, maybe? That 00:01:49.829 --> 00:01:52.870 seems to be the read, yeah. But the dialogue 00:01:52.870 --> 00:01:55.230 given to the AI Schumer figure, that's where 00:01:55.230 --> 00:01:56.829 it gets really explicit. Okay, and just to be 00:01:56.829 --> 00:01:59.090 clear for everyone listening, we're relaying 00:01:59.090 --> 00:02:01.390 what the sources reported was in this AI video. 00:02:01.670 --> 00:02:03.459 We're not endorsing it. What did it say? Right. 00:02:03.719 --> 00:02:06.519 Strictly reporting the content. The Schumer character 00:02:06.519 --> 00:02:09.580 talks about Democrats losing voters because of, 00:02:09.639 --> 00:02:11.879 and this is a direct quote from the sources description, 00:02:12.520 --> 00:02:17.000 all of our woke trans bolsh. Wow. And it goes 00:02:17.000 --> 00:02:20.139 on, claiming they need to give illegal aliens 00:02:20.139 --> 00:02:22.919 free health care so they'll vote Democrat before 00:02:22.919 --> 00:02:25.319 they learn English and realize, quote, we're 00:02:25.319 --> 00:02:28.219 just a bunch of woke pieces of shot. So that 00:02:28.219 --> 00:02:32.020 kind of rhetoric. plus no actual progress. A 00:02:32.020 --> 00:02:34.060 shutdown feels almost certain now, doesn't it? 00:02:34.259 --> 00:02:36.000 Absolutely. I mean, the clock's basically run 00:02:36.000 --> 00:02:37.879 out. Even if they had a miracle agreement right 00:02:37.879 --> 00:02:39.960 now, there's just no practical way to get a bill 00:02:39.960 --> 00:02:41.960 through the House, the Senate, get it signed 00:02:41.960 --> 00:02:44.860 before 11 .59 PM tonight. We're past the point 00:02:44.860 --> 00:02:48.280 of no return. The Rubicon, as the source puts 00:02:48.280 --> 00:02:50.639 it. Pretty much. And once that happens, it gets 00:02:50.639 --> 00:02:53.240 way harder to fix. Remember the 34 -day shutdown 00:02:53.240 --> 00:02:55.039 in the first term? This political climate is 00:02:55.039 --> 00:02:57.219 seen as much, much tougher. And any ideas to 00:02:57.219 --> 00:02:59.120 just kick the can down the road like a short 00:02:59.120 --> 00:03:02.539 extension? Dead on arrival, apparently. Schumer 00:03:02.539 --> 00:03:04.740 and Jeffries might have floated a 7 -to -10 -day 00:03:04.740 --> 00:03:08.139 idea, but House Democrats immediately said, no 00:03:08.139 --> 00:03:10.319 way, Carlos, according to the source. They sound 00:03:10.319 --> 00:03:12.740 ready to fight. They might be ready, but there's 00:03:12.740 --> 00:03:15.909 this other huge thing happening. A hundred thousand 00:03:15.909 --> 00:03:18.930 federal employees resigning today. Isn't that 00:03:18.930 --> 00:03:21.229 staggering? It's part of this existing program 00:03:21.229 --> 00:03:24.490 offering eight months salary to leave. But the 00:03:24.490 --> 00:03:28.129 timing and the sheer number. Why now? Why so 00:03:28.129 --> 00:03:30.810 many at once? The sources say the employees cited 00:03:30.810 --> 00:03:33.870 fear and intimidation from the White House directly. 00:03:34.319 --> 00:03:36.780 Plus, just huge uncertainty about whether their 00:03:36.780 --> 00:03:39.259 jobs will even exist next week with the shutdown 00:03:39.259 --> 00:03:41.139 looming. So they're taking the package and getting 00:03:41.139 --> 00:03:43.120 out. That's a massive blow to the government 00:03:43.120 --> 00:03:45.919 itself. OK, so shutdown happens. Who wins the 00:03:45.919 --> 00:03:48.240 blame game with swing voters? The source had 00:03:48.240 --> 00:03:50.379 a guess. Yeah, a totally unscientific one, they 00:03:50.379 --> 00:03:53.219 admit. It's fractured, like 35 % by the Magier 00:03:53.219 --> 00:03:55.699 side, 30 % the Democrat side. But then another 00:03:55.699 --> 00:03:57.879 35 % just automatically blame the Republicans 00:03:57.879 --> 00:03:59.639 since they control the White House and Congress. 00:03:59.919 --> 00:04:02.000 So more ways for it to hurt the Republicans. 00:04:02.419 --> 00:04:05.150 That's the conclusion. Two ways it goes bad for 00:04:05.150 --> 00:04:07.509 the red team, only one for the blue team, in 00:04:07.509 --> 00:04:10.750 terms of swing voter perception anyway. The risk 00:04:10.750 --> 00:04:13.389 seems higher for the party in power. Okay, that 00:04:13.389 --> 00:04:17.209 fear and uncertainty among federal workers. Let's 00:04:17.209 --> 00:04:21.009 shift to the military. Segment two. The Quantico 00:04:21.009 --> 00:04:23.850 Assembly. Hundreds of generals summoned by the 00:04:23.850 --> 00:04:27.110 Secretary of Defense, Pete Hegsve. Huge cost. 00:04:27.350 --> 00:04:30.149 Hurts readiness. Why? It's a really good question 00:04:30.149 --> 00:04:32.370 because the price tag is millions and pulling 00:04:32.370 --> 00:04:35.189 that many leaders away definitely impacts operations. 00:04:35.730 --> 00:04:37.810 The sources kick around a few possible reasons 00:04:37.810 --> 00:04:40.110 and frankly none of them sound great. Possibility 00:04:40.110 --> 00:04:42.529 one. A speech like a 45 minute lecture on the 00:04:42.529 --> 00:04:45.889 warrior ethos. Can you imagine spending millions 00:04:45.889 --> 00:04:47.829 disrupting the entire chain of command just for 00:04:47.829 --> 00:04:49.910 a speech from someone the brass might see as 00:04:49.910 --> 00:04:52.689 a pipsqueak retired major. That sounds like a 00:04:52.689 --> 00:04:55.980 recipe for a scandal. Pure waste. Exactly. Huge 00:04:55.980 --> 00:04:58.180 potential backlash for blowing taxpayer money 00:04:58.180 --> 00:05:00.360 and undermining readiness for what could be seen 00:05:00.360 --> 00:05:03.060 as a vanity project. Okay, what about the loyalty 00:05:03.060 --> 00:05:06.220 oath rumor? That sounds problematic. Deeply problematic. 00:05:07.180 --> 00:05:09.620 These officers already swore an oath to the Constitution, 00:05:10.160 --> 00:05:12.829 demanding a personal loyalty oath. Anyone with 00:05:12.829 --> 00:05:15.189 military or historical understanding knows that's 00:05:15.189 --> 00:05:17.250 a massive red flag. And doing it in front of 00:05:17.250 --> 00:05:19.990 800 potentially annoyed officers. That's the 00:05:19.990 --> 00:05:22.829 risk. You get 800 senior officers together, maybe 00:05:22.829 --> 00:05:25.209 already irritated about the trip. It only takes 00:05:25.209 --> 00:05:27.490 one respected person, like a four -star admiral, 00:05:27.689 --> 00:05:29.930 to just stand up and refuse. Then you've got 00:05:29.930 --> 00:05:32.430 potentially mass defiance, a total disaster for 00:05:32.430 --> 00:05:34.509 the administration. Right. OK, possibility three. 00:05:35.029 --> 00:05:37.949 Mass firings. The day of the long knives idea. 00:05:38.110 --> 00:05:40.649 But again, the logic feels off, according to 00:05:40.649 --> 00:05:42.629 the analysis. If you only want to fire, say, 00:05:42.629 --> 00:05:45.529 a dozen generals, why summon 800? Are they really 00:05:45.529 --> 00:05:47.889 prepared to suddenly have huge gaps in command 00:05:47.889 --> 00:05:51.069 structures, like 20%, 30%, 40 % vacancies? Seems 00:05:51.069 --> 00:05:53.629 very practical. The source calls it performative 00:05:53.629 --> 00:05:56.290 sadism. Making everyone show up just to fire 00:05:56.290 --> 00:05:58.889 a few seems designed to intimidate rather than 00:05:58.889 --> 00:06:01.069 achieve a practical military goal. So whether 00:06:01.069 --> 00:06:04.310 it's a speech, an oath, or firings, the sources 00:06:04.310 --> 00:06:06.709 basically see this whole Quantico thing as ending 00:06:06.709 --> 00:06:09.920 badly. Pretty much. The hard conclusion is that 00:06:09.920 --> 00:06:12.360 it's really difficult to see this achieving anything 00:06:12.360 --> 00:06:14.759 positive. It looks like it's heading towards 00:06:14.759 --> 00:06:17.800 being, well, an embarrassment and just a colossal 00:06:17.800 --> 00:06:20.399 waste of resources and time. That internal pressure 00:06:20.399 --> 00:06:24.120 on the military. It mirrors what seems to be 00:06:24.120 --> 00:06:27.339 happening externally to other institutions. Let's 00:06:27.339 --> 00:06:29.920 move to segment three. This campaign against 00:06:29.920 --> 00:06:32.779 potential opposition focusing now on sports. 00:06:33.069 --> 00:06:35.990 Yeah, the strategy seems to be targeting institutions 00:06:35.990 --> 00:06:39.149 that might push back. And sports seems to be 00:06:39.149 --> 00:06:42.589 next in line. Take the WNBA. Why them specifically? 00:06:42.800 --> 00:06:45.500 Well, the league's popular, its fan base is heavily 00:06:45.500 --> 00:06:48.300 democratic, and it's very openly anti -maji. 00:06:48.779 --> 00:06:51.240 The players, mostly black women, many identifying 00:06:51.240 --> 00:06:53.399 as queer, have been really active politically. 00:06:53.620 --> 00:06:56.139 Black Lives Matter, Breonna Taylor jerseys, partnerships 00:06:56.139 --> 00:06:57.860 with groups like Planned Parenthood. And this 00:06:57.860 --> 00:07:00.000 has led to some really nasty incidents from fans, 00:07:00.160 --> 00:07:02.339 right? The administration kind of egging it on. 00:07:02.579 --> 00:07:04.759 Absolutely. The sources point to things like 00:07:04.759 --> 00:07:07.899 fans throwing green sex toys on court. Apparently 00:07:07.899 --> 00:07:09.879 the president found that amusing or encouraged 00:07:09.879 --> 00:07:12.610 it. And that fake image Donald Trump Jr. got 00:07:12.610 --> 00:07:15.689 a lot of traction. So since the WNBA isn't getting 00:07:15.689 --> 00:07:18.810 federal grants, what's the leverage? How are 00:07:18.810 --> 00:07:21.370 they applying pressure? It's more about cultural 00:07:21.370 --> 00:07:23.959 warfare here. The tactic seems to be framing 00:07:23.959 --> 00:07:26.459 Caitlin Clark, the league's biggest star, who 00:07:26.459 --> 00:07:29.000 happens to be a straight white woman, as a victim. 00:07:29.079 --> 00:07:32.000 A victim of her teammates. Specifically of anti 00:07:32.000 --> 00:07:34.279 -white racial discrimination from black players. 00:07:34.819 --> 00:07:36.980 People like Charlie Kirk are pushing this explicitly. 00:07:37.660 --> 00:07:40.339 Senator Jim Banks is demanding the league investigate 00:07:40.339 --> 00:07:43.060 hostile players. Even though Clark herself says 00:07:43.060 --> 00:07:45.699 there's no issue. Right. She's consistently said 00:07:45.699 --> 00:07:47.920 she doesn't need help, hasn't asked for it, doesn't 00:07:47.920 --> 00:07:50.639 feel victimized, but the narrative persists as 00:07:50.639 --> 00:07:53.439 a way to attack the League's culture. Okay, shifting 00:07:53.439 --> 00:07:57.439 gears to a global stage. The 2026 World Cup. 00:07:58.040 --> 00:08:00.060 The sources suggest the president's interest 00:08:00.060 --> 00:08:03.259 here might be personal, not just political, like... 00:08:03.050 --> 00:08:06.509 wanting into the elite sports club. Yeah, there's 00:08:06.509 --> 00:08:09.269 that angle. The source mentions his less than 00:08:09.269 --> 00:08:11.670 stellar high school baseball stats and the failed 00:08:11.670 --> 00:08:14.410 NFL bid. Maybe this is his chance to finally 00:08:14.410 --> 00:08:16.009 call the shots in the sports world that kind 00:08:16.009 --> 00:08:18.149 of rejected him. And he's planning to interfere 00:08:18.149 --> 00:08:20.290 pretty heavily. What are the tactics? Looks like 00:08:20.290 --> 00:08:23.230 at least three main lines of attack. Tactic A 00:08:23.230 --> 00:08:26.069 is geopolitical, basically dictating who gets 00:08:26.069 --> 00:08:29.250 to play. He said Israel will be there. Iran might 00:08:29.250 --> 00:08:31.949 be banned. Russia could be used as leverage. 00:08:32.190 --> 00:08:35.629 And Brazil. Why ban Brazil? Apparently over the 00:08:35.629 --> 00:08:38.429 conviction of Bolsonaro. But banning Brazil, 00:08:38.870 --> 00:08:41.470 a football superpower, the sources say that would 00:08:41.470 --> 00:08:43.250 just fundamentally cheapen the whole tournament. 00:08:43.509 --> 00:08:46.850 OK, tactic B. Domestic interference. Relocating 00:08:46.850 --> 00:08:49.470 games. Specifically, moving them out of cities 00:08:49.470 --> 00:08:52.549 he considers unsafe, which seems to be code for 00:08:52.549 --> 00:08:54.549 cities that are democratic -run or have large 00:08:54.549 --> 00:08:58.169 black populations. Seattle, San Francisco, LA 00:08:58.169 --> 00:09:00.629 were named. Can he actually do that? Well, FIFA 00:09:00.629 --> 00:09:03.029 runs the cup, and the sources describe FIFA's 00:09:03.029 --> 00:09:06.210 leadership, particularly Gianni Infantino, as 00:09:06.210 --> 00:09:09.529 pretty corrupt and having authoritarian leanings. 00:09:09.750 --> 00:09:11.909 Reportedly, Infantino and the president are thick 00:09:11.909 --> 00:09:14.309 as thieves, so maybe they could facilitate this. 00:09:14.320 --> 00:09:17.620 Worry, and tactic C, using the games for immigration 00:09:17.620 --> 00:09:19.559 enforcement. Yeah, this one seems well within 00:09:19.559 --> 00:09:21.600 his authority. The idea is to use the World Cup 00:09:21.600 --> 00:09:23.960 events as cover for rounding up undocumented 00:09:23.960 --> 00:09:26.259 immigrants. Which would scare off a lot of fans. 00:09:26.799 --> 00:09:30.120 Exactly. It would likely deter Latino fans described 00:09:30.120 --> 00:09:33.500 as the lion's share of hardcore fans in the U 00:09:33.500 --> 00:09:36.000 .S. from attending, fearing sweeps where, you 00:09:36.000 --> 00:09:38.259 know, all the brown people are illegals. The 00:09:38.259 --> 00:09:40.639 source paints this picture of Pedro and Juanita 00:09:40.639 --> 00:09:43.559 staying home while Fad Muffy go. This pressure 00:09:43.559 --> 00:09:46.840 campaign even hit golf. The Ryder Cup in New 00:09:46.840 --> 00:09:49.980 York saw some extreme fan behavior. Unprecedented 00:09:49.980 --> 00:09:52.259 according to the reports. It went way beyond 00:09:52.259 --> 00:09:55.860 normal heckling. The main target was Rory McElroy 00:09:55.860 --> 00:09:58.580 from Northern Ireland and even his wife Erica 00:09:58.580 --> 00:10:01.320 who's just a civilian. She was actually hit by 00:10:01.320 --> 00:10:03.820 a thrown beer cup. Hit by a cup? That's serious. 00:10:03.980 --> 00:10:06.730 Yeah, police dogs were even brought out. Golf 00:10:06.730 --> 00:10:09.049 Digest had this, quote, calling it relentless 00:10:09.049 --> 00:10:12.289 systematic dehumanization and one of the most 00:10:12.289 --> 00:10:14.490 shameful spectacles in the sports history. And 00:10:14.490 --> 00:10:16.289 the sources connect this directly to the president. 00:10:16.309 --> 00:10:18.269 It wasn't just fans getting out of hand. They 00:10:18.269 --> 00:10:20.970 lay a significant part of the blame at his feet. 00:10:21.389 --> 00:10:23.750 They point to the magic affiliation of some U 00:10:23.750 --> 00:10:26.450 .S. players like Bryson DeChambeau, this shift 00:10:26.450 --> 00:10:28.889 in rhetoric from rivalry to seeing opponents 00:10:28.889 --> 00:10:32.350 as the enemy, the sheer vulgarity of the insults. 00:10:32.350 --> 00:10:34.850 And crucially, the president actually attended 00:10:34.850 --> 00:10:37.620 part of the event. event. His presence, the argument 00:10:37.620 --> 00:10:40.519 goes, sort of sanctioned that behavior. OK, one 00:10:40.519 --> 00:10:42.860 last piece of this institutional pressure puzzle. 00:10:44.220 --> 00:10:46.820 Electronic Arts, the video game giant, going 00:10:46.820 --> 00:10:50.960 private in a massive deal. Huge deal. $55 billion 00:10:50.960 --> 00:10:54.259 dollar leveraged buyout led by the Saudi Sovereign 00:10:54.259 --> 00:10:57.159 Wealth Fund involving Jared Kushner's firm. It's 00:10:57.159 --> 00:10:59.120 apparently the biggest private equity buyout 00:10:59.120 --> 00:11:02.059 ever, loaded with $20 billion dollars in debt. 00:11:02.399 --> 00:11:04.440 What does that mean for gamers, for games like 00:11:04.440 --> 00:11:07.149 Madden? Usually, LBOs aren't great for the product. 00:11:07.370 --> 00:11:09.409 All that debt means management gets really conservative, 00:11:09.629 --> 00:11:12.149 cuts costs, maybe breaks up the company. For 00:11:12.149 --> 00:11:14.509 annual games like Madden that need constant innovation, 00:11:15.049 --> 00:11:17.169 that's risky. The quality could suffer. But the 00:11:17.169 --> 00:11:19.110 bigger concern isn't just the game quality, is 00:11:19.110 --> 00:11:21.840 it? It's the economic signal. That's the real 00:11:21.840 --> 00:11:24.620 worry highlighted in the sources. First, the 00:11:24.620 --> 00:11:27.639 deal needs approval from CIUS, the committee 00:11:27.639 --> 00:11:29.460 that reviews foreign investment for national 00:11:29.460 --> 00:11:32.080 security risks. With the president's son -in 00:11:32.080 --> 00:11:34.639 -law involved, that raises obvious questions 00:11:34.639 --> 00:11:36.879 about potential influence or corruption in the 00:11:36.879 --> 00:11:39.700 approval process. And beyond the politics. Beyond 00:11:39.700 --> 00:11:43.059 that, this type of massive debt -heavy leveraged 00:11:43.059 --> 00:11:46.419 buyout largely disappeared after the 2007 -08 00:11:46.419 --> 00:11:49.080 financial crisis because they were seen as so 00:11:49.080 --> 00:11:51.730 reckless and destabilized. If this deal goes 00:11:51.730 --> 00:11:53.970 through, it signals those kinds of deals are 00:11:53.970 --> 00:11:55.529 back. Like opening the door to that kind of risk 00:11:55.529 --> 00:11:58.470 again. Exactly. The sources worry it could kickstart, 00:11:58.470 --> 00:12:01.110 quote, another cycle of recklessness for the 00:12:01.110 --> 00:12:04.389 entire U .S. economy. Wow. OK, so we've covered 00:12:04.389 --> 00:12:06.850 a potential government shutdown, deep disruption 00:12:06.850 --> 00:12:09.450 in the military, cultural battles targeting the 00:12:09.450 --> 00:12:12.870 WNBA and global sports, and now potentially destabilizing 00:12:12.870 --> 00:12:15.820 financial maneuvers. It's a lot. It really is. 00:12:15.899 --> 00:12:17.799 And if you try to tie it all together, think 00:12:17.799 --> 00:12:20.259 back to those 100 ,000 federal employees resigning 00:12:20.259 --> 00:12:22.200 today because of fear and intimidation. When 00:12:22.200 --> 00:12:24.820 you put that specific data point alongside this 00:12:24.820 --> 00:12:27.899 broader pattern, the pressure on the military, 00:12:28.039 --> 00:12:31.139 the hostility towards sports leagues, the potential 00:12:31.139 --> 00:12:33.539 return of reckless finance, you have to ask. 00:12:33.870 --> 00:12:36.909 What's the cumulative cost? The long -term impact 00:12:36.909 --> 00:12:39.470 of all this instability. Exactly. What does this 00:12:39.470 --> 00:12:42.269 constant uncertainty, this chipping away at institutions, 00:12:42.929 --> 00:12:45.710 do to America's ability to actually govern itself, 00:12:45.830 --> 00:12:48.370 to function culturally and politically down the 00:12:48.370 --> 00:12:50.830 road? That's the big question these sources leave 00:12:50.830 --> 00:12:52.990 you with. The critical question indeed. Thanks 00:12:52.990 --> 00:12:54.950 for breaking down this mountain of material for 00:12:54.950 --> 00:12:56.549 us. We really appreciate you helping us make 00:12:56.549 --> 00:12:58.409 sense of it. Glad to do it. It's complex stuff. 00:12:58.789 --> 00:13:00.370 Absolutely. We'll catch you on the next Deep 00:13:00.370 --> 00:13:00.669 Dive.