🍨 “Ice Cream Tax Sundae” — Big Beautiful Bill’s scoops. Goodwipes’ porta-potty palace. Robinhood’s crypto stock.
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This is Nick. This is Jack. It's Tuesday, T-Boy, Tuesday, July 1st. And today's pod is the best one yet. And this is a T-Boy. Here's the top three pop business news stories you need to know today. I mean, Jack, I guess we're done with the first half of the year. We got our mid-year's resolutions to do, man. Our resolutions for the rest of the year. Okay, we got to work on those. That's our workshop all week. You ready for that? We'll do that in tomorrow's intro. In the

meantime, Jack, we got three fantastic stories for today's show. What's on today's T-Boy? For our first story, the one big beautiful bill has a deadline of July 4th. If passed, it would be the biggest law of our lifetimes. So as Congress votes, we'll explain Trump's signature legislation by using an

ice cream sundae for our second story one company just invented a luxury porta potty or as they call it a porta potty palace the company is good wipes and this ain't a free sample this is a vip sample and our third and final story is robin hood robin hood stock jumped 13 yesterday to an all-time high because robin hood just created a new thing it's half stock

Half crypto, it's a snowfer. Just kidding, it's not a snowfer. It's like the mermaid of Moneyville. But yet is before we hit that wonderful mix of stories. Whoa, what a mix of stories for a T-Boy Tuesday, Jack. Yesterday we asked you this question. What Broadway musical has the most words spoken during the show? It was T-Boy trivia. If you take the manuscript for the play and do a word count, what musical has the most words? The answer is not Cats, it's not Wicked, and it's not The Lion King. No, the answer is...

Hamilton the Musical. Which most of you guessed correctly in the comments yesterday. Because Hamilton has 20,520 words spoken. That's three times more words than the Phantom of the Opera. That is fantastic.

50% more words than lemme's. And it's three times more than the average Broadway musical. Sorry, Oklahoma. Long word, not as many words. Jack, could you sprinkle on some context to the reason, please? The reason Hamilton has so many words is rap. Nearly every song in Hamilton is straight up hip hop. Check your song before you wreck your song. So the singers are singing three times faster than Cabaret. Hey, Galinda, try to keep up.

And it's not just words. It's dollars, too. Hamilton is the fastest ever Broadway play to pass a billion dollars in revenue. They did it in just 10 years. The profits are coming. The profits are coming. But the story behind the curtain for Hamilton is even wilder. Because Lin-Manuel Miranda basically wrote all 46 songs of Hamilton on the subway. And he performed the first song at the White House. True. Six years before the play did its first show. That's

He's had it all up and we consider Hamilton to be the greatest creative accomplishment of all time. That's no exaggeration. No, it's not. And I'm watching it this weekend. It's a 4th of July tradition. But on our weekly show, The Best Idea Yet, we will tell you how Hamilton became the most successful show ever.

and how the business of Broadway actually works, that one's fascinating. That's right. It's the untold origin story of the most patriotic play everyone's obsessed with. We got a link in the episode description. You can listen right now or on your road trip to whatever beach you're going to on Wednesday. But in the meantime, Jack, we got three fantastic stories for today's show. What do you say we hit the T-boy? Let's hit it. Let's take our shot. Let's do it.

First, a quick word from our sponsor.

For our first story, the big, beautiful bill must get voted on by Congress this week. And it would be the biggest bill in our lifetimes. And we think the best way to explain it is with ice cream, hot fudge, and sprinkles.

Extra sprinkles. Now, Yetis, you know that feeling of when you get a term paper deadline and you, oh, it's like right before spring break. Well, imagine if it wasn't the professor who set the deadline. It was the commander in chief of the U.S. military. Yeah, because President Trump just told his Republicans in Congress that they must pass his bill by the 4th of July or they don't get a holiday.

No vote, no vacate. Now, as far as I know, the president does not set the working hours or vacation days of Congress, but the threat was understood. Ah, yes, and that threat of losing a valuable three-day weekend, it is a powerful force. So the Senate is voting on this bill as we speak.

Now, to sprinkle on some context here, Yetis, this one big, beautiful bill act, as it is officially known, is 940 pages long. To read it out loud would take 16 hours. Sorry, it did take 16 hours. It happened on the Senate floor on Sunday. And if you want to understand this bill, well, basically, it is Trump's social, political, and economic philosophy in one single act of law. Or as we call it, an ice cream sundae of MAGA.

And yes, in case you were wondering, Elon still hates it. He tweeted over the weekend that this bill is a disgusting abomination. Elon even pledged to unseat any Republican who votes for this bill if it's, and I quote, the last thing I do on earth. Now, since this bill is an ice cream sundae of a

Bill. Nick and I are going to go scoop by scoop telling you what's in it. Yeah, Jack, let's go full Ben and Jerry on this thing. What are we getting in the first scoops here? First, baby brokerage accounts. We covered this on the pod last month. $1,000 per kid born during Trump's second term. It would be invested in the stock market for the

They take the money when they're 18. Another scoop? Well, this bill will increase spending on the military and defense, border security, and ICE. The bill would also kick an estimated 13 million people off of Medicaid. It would cut food stamps by 20%, and it would end the EV tax credit as well as other clean energy initiatives. Basically, if you want to sum up these plans, it uses the cuts to healthcare and the environment to pay for the defense and immigration budget. But the rest of the bill, not particularly.

Not paid for at all. We should point that out. It's expected to actually add $4 trillion with a T dollars to our national debt. Because the bulk of this bill is the ice cream scoops. Right. The $4.5 trillion in tax cuts. Those tax cuts, those are the hefty ice cream of this bill. The One Big Beautiful Bill Act would make Trump's 2017 tax cuts, which were set to expire this year, plummet.

Now, it would also add a few new tax cuts that we haven't had before. Like no taxes on tips and no taxes on overtime pay. But add it all up and this Senate version of the bill is $1 trillion more expensive than the one the House passed one month ago. So, Republicans added a 5%.

trillion increase to the debt ceiling in there just to give them a little bit of wiggle room, which would be the biggest debt ceiling increase of all time. And now, besties, we should point out, it is not clear that the biggest meal in our lifetimes is actually going to pass through Congress. Two Republican senators appear out, and Republicans only have space to lose one more senator.

But in the meantime, we should point out how big $4.5 trillion is as a price tag. What do you think, Jack? The $4.5 trillion in debt this is going to add to America could buy every American an iPhone every year.

For 15 years. Or just 15 iPhones right now. But then the camera upgrades, you don't get the camera upgrades, Jack. So Jack wants to take away for our buddies who are everyone in America. The Big Beautiful Bill is an ice cream sundae for the wealthy with populist sprinkles on top.

Now, yetis, the most expensive part of this bill by far is the tax cuts. And the majority of the tax savings will go to the wealthy. In fact, 90% of the tax cuts are an extension of Trump's previous 2017 tax cuts, which mostly benefited the wealthy and corporations. The new tax cuts, the ones for tips, overtime, and car buyers, those make up less than 10% of the cost of this bill.

And the rest of the bill, dollar for dollar, it isn't much compared to those initial huge tax cuts. So the way to think about this bill, it's like an ice cream sundae for high-income earners, but with sprinkles on top for populist political points. For our second story, Good Wipe, the brand disrupting toilet paper, is marketing their wet wipes with luxurious porta-potties. We just got the numbers, and these porta-palaces are the ultimate free sample.

All right, Jack, we're going to tell the story. We got to talk about the worst life experience, retail or otherwise. What is just disgusting? I'm 13 years old. My brother and my dad and I are camping out at the Indy 500. I'm already out. It is hot as hell. We just finished sleeping in the tent and I need to go to the bathroom. Is this a vacation? No, it's not a vacation. I go to a porta potty and I left-

You don't even need to go. You don't even need to go. The Port-A-Potty is the closest humanity gets to our caveman origins. It is a primal experience in there, Jack. But at music festivals nationwide, VIP wristband holders are getting access to a luxury Port-A-Potty experience. Get this. We're talking golden toilets, neon signs, even red velvet rope with a bouncer. There's beautiful music played inside to create the ambiance and hide the noise. It's called...

a porta palace. And the company behind it, interestingly, is Goodwipe. Goodwipe is a flushable wet wipe brand. And now we should point out yet is that this is not something you're just going to see at music festivals this summer, right? Goodwipe is parking their porta palaces outside of frat parties and outside of college football tailgates too. So the next time you're doing Jager bombs over at Sig Sig F, you may be relieving yourself in a giant porta potty palace made of gold.

Good Wipes fancy porta-potties are so popular, they have a wait list. 50 events want them parked where the porta-potties would be. Jack, this Good Wipes palatial porta-potty is like the most in-demand toilet since I don't even know. The padded seat? Oh, again, that's a hot take. We're going to get canceled for that one, Jack. I think I saw one at Bezos' wedding.

in the paparazzi. No, I didn't. But let's sprinkle on a little bit of context, Jack, because Good Wipes was the pioneer in the adult wet wipe industry 12 years ago. And Good Wipes competes with Dude Wipes, the wet wipe rival that's valued at $300 million. But together, they are tearing up the toilet paper industry. Charmin isn't for a Harmon, baby. Remember during the pandemic when

when everyone started hoarding toilet paper at the beginning? Well, it turned out that toilet paper hoarding caused a wet wipe sales surge. And that's when Good Wipes got acquired by Kimberly-Clark. Kimberly-Clark is a $40 billion company behind Cottonelle. They were getting disrupted by wet wipes, so they bought a leading wet wipe company.

strategic timing because since then, the wet wipes industry has seen sales double every single year. In this economy, the wet wipe is a bathroom treat yourself. Yeah, like wet wipes are kind of like the poor man's bidet if you think about it, right? Yeah, they are. And the market is surging for them.

them. But we should point out, Yetis, a fast-growing market does not mean a big market. Which is why we have the Port-A-Palace. Exactly. Good Wipes is trying to get beyond the early adopter by getting the partygoers. And you know what? We just got the numbers and it's working. Get this. In cities that have had a Port-A-Palace, Good Wipes web traffic rise 34%. Sit down. And sales jump by 10%.

stand up and sit back down again. At your next wedding, you could become a wet wipe convert thanks to this Port-A-Palace. And just to be clear, these Port-A-Palaces are stacked with good wipe wet wipes. Take as many as you want. Take as many as you need. You can even take some on the go. I know it's been an hour. I don't care. I love it in here. So Jack, what's the takeaway for our buddies with the luxurious Port-A-Potty Palaces? It's time to evolve from the free sample to the VIP sample.

Yeti's the free sample and maybe the least respected and unoptimized opportunity in marketing. Because when it comes to free samples, we all envision the Costco free sample. Right, yeah. A free tiny cube of cheese at the end of aisle six. Can I keep the toothpick? Oh, sure. Who cares?

But think about that. It's a boring presentation. It's an awkward interaction. And you're randomly giving something to a person who has no intent to buy it. Enter Goodwipes. They just flipped the script on how to conduct an effective free sample. Because the experience is premium. It is natural. And it is totally aligned with the target customer's intent. You are already going to the bathroom, but Goodwipes just upgraded every detail. We think it's a case study in exactly this. Not just a free taste,

It's a flex. Instead of a free sample, hand out a VIP sample. Now, a quick word from our sponsor.

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ZipRecruiter. Ah, speed and quality. Not typically a combo you get together. I mean, Nick, you can get a fast food hamburger, but we hope you like it well done. Or Jack, you can get a 10-second haircut, but we hope you like bangs.

Well, there is an exception to this unwritten rule. If you're hiring, you can find candidates fast who are also extremely qualified for your job. Just use ZipRecruiter. And right now, you can try ZipRecruiter for free at ziprecruiter.com slash tboy. They've got an advanced resume database, so you can proactively go in and find someone.

They get 320,000 new resumes added every month. That's the population of Cleveland. Experience hiring speed and quality with ZipRecruiter. Four out of five employers who post on ZipRecruiter get a quality candidate within the first day. And if you go to ZipRecruiter.com slash T-Boy right now, you can try it out for free. Again, that's ZipRecruiter.com slash T-Boy. ZipRecruiter, the smartest way to hire. Yes, it is.

For our third and final story, Robinhood just went from a US stock trading app to a global one by merging stocks and crypto into an entirely new thing. Robinhood is at an all-time high because it moves fast and fakes things. You know, Yetis in the past year, Jack and I have been paying attention and Robinhood shouldn't be called Robinhood. It should be called Sir Ships-A-Lot.

I like Sir Lance a lot. I think that's what I said, Little John. Because on Monday, Robinhood shipped three new products. That sent the stock up 13% to an all-time high. Sherwin-Forrest is so hot right now, Smokey the Bear is issuing a forced fire warning. Made by...

Marion is making money on this stuff. Get this, yetis. Robinhood is now worth $80 billion. Its stock is up 10x in less than two years. Jack, those are Palantir numbers right there. And the biggest launch they announced yesterday is an entirely new financial concept.

Stock tokens, or as we call them, stable stocks. Stable stocks. Now, yet as we should point out, you know about stable coins. We've told you about them on this show. But stable stocks, that is an entirely new thing. Robinhood announced it yesterday, and it's their way to expand overseas with a backdoor move. Now, to sprinkle on some context here...

We are the context because Jack and I worked at Robinhood for three years after we sold our first company to them. Dude, we were in the trenches at Robinhood. We were deep, we were deep. Now, we saw the company put out massive investments to expand to Europe and they did so unsuccessfully. Because expanding to Europe requires complying with mandates.

massive rules and laws and regulations in each and every country. Like Belgium. Oh, yeah. You must comply with the Belgian dip. The Belgians won't let you sell a stock unless you put mayo on your French fries. Well, instead of complying with that ridiculous mayonnaise roll, which Nick just made up, Robinhood is going to offer citizens of the EU stock tokens.

which is a stock, but the crypto equivalent. So let's play this out. For example, besties, instead of buying Tesla stock directly, you could buy a token of Tesla stock equal to one share. Robinhood will hold actual Tesla stock and then give the owner of the Tesla token all the benefits of stock ownership. So the value of that Tesla token rises and falls just like Tesla stock, but technically it's crypto. And

And there's much less regulation when it comes to crypto. So stable coins, the ones we told you about before, they give you the benefit of a fiat currency, but quicker and with less friction and fees. It's the same with stable stocks. You get access to the US stock market, but without the friction and cost of regulations. And since it's a tech product, not a stock, Robinhood doesn't need to comply with all those European stock market laws. What's the catch?

Well, I guess the catch is you're taking on the risk of Robinhood itself. Good point, Jack. Like if Robinhood goes out of business, then your Tesla token, it goes away as well. Robinhood's goal has always been to become a global finance company. Yes, it has. And yesterday, they stamped their passport in a way no finance company ever has. So Jack, I gotta ask, what's the takeaway for our buddies over at Robinhood? Robinhood is moving fast.

And faking things. And that's not a bad thing. Yet is, for a while, Robinhood was the rebel of U.S. finance. They got accused and charged with breaking rules. Like Zuckerberg, they were moving fast and breaking things. But now Robinhood has found a new way to innovate. They bypassed the rules altogether by faking it. For example, Robinhood is not a bank.

But they do offer FDIC-protected bank accounts using a partner bank. And here's the other example. Robinhood isn't regulated to sell stocks in Europe, but they now offer stocks on the blockchain instead of the European stock market. They're kind of faking it.

Yeah, so Robinhood is flexing its strength here, coding in order to offer a backdoor to finance that is cheaper and easier. Now, I should point out, financial history is littered with examples of financial engineering gone wrong that can lead to a financial crisis. But so far, investors are loving what Robinhood's techies have figured out. It's a growth hack for Wall Street. Robinhood is moving fast by faking things.

Jack, could you whip up the takeaways for us for T-Boy Tuesday? The One Big Beautiful Bill Act is being voted on the Senate right now. Trump wants it passed by the 4th. Elon wants it passed never. So besties, think of this bill as an ice cream sundae for the wealthy with populist sprinkles. For our second story, Good Wipes is marketing their wet wipes with luxury porta-potties at events.

They're port-a-palaces. Yeah, and they are working. This ain't a free sample, besties. This is a VIP sample. And our third and final story. Robinhood stocks soared to a new all-time high as it offered stock tokens to all of Europe. Robinhood's success is moving fast by faking things.

But yetis, this pod's not over yet. Here's what else you need to know today. All righty, up first, we got the Jeff Bezos wedding in Venice that cost him 55 million bucks. But the real winner was the city of Venice. Venice, Italy brought in an estimated $1.

billion of economic activity thanks to these nuptials. Basically, if 250 people attended the wedding, they spend $4 million each over the weekend, according to that estimate. Yeah. So if you think your vacation is expensive, yeah. DiCaprio spent $4 million in Italy. But you know how DiCaprio goes with the room service. He's big on the room service, man. Yeah, I don't think the $4 million includes that. And second, the TikTok up

Update. President Trump said he has found a group of very wealthy people to buy TikTok. As a quick reminder, it was supposed to be banned in January, but enforcement by the president has been delayed and then delayed again. Now, Trump has basically teased and didn't say which wealthy guys want to buy this thing. And we're saying guys, because I don't think any women would be dumb enough to do this deal. But no matter what, it still depends on China, which has no obligation to sell their prized tech company.

And finally, AI just replaced the changing room. That's right. Your closet just lost its job to artificial intelligence. I think your mirror lost its job. Yeah, good point, Jack, because Google just launched a new app called Doppel that they're testing out. Like Doppelganger. It lets you try on clothes digitally. It'll show you wearing that cute top that you previously could only see online. You look great in that thing.

by the way. So if on the Reformation website you want to buy jeans, you could now try them on with AI before you add them to your cart. Now time for the best fact yet. This one sent in by Dylan Schneider from lovely Hollywood, California. Push and play. Here we go, Jack. Hey, Yeti. It's Dylan Schneider here from Hollywood, California. Last week on the pod, you spoke about how the new Apple F1 movie put IMAX cameras inside an F1 car.

This is not entirely true, as a single real 65mm IMAX film camera weighs up to 120 pounds and carries a 1,000-foot magazine, which only allows three minutes of shooting. Instead, the production used a digital equivalent called the Sony Venice 2, which records 8.6K resolution and features a detachable sensor block that allowed the filmmakers to mount three of them on the car at once.

This mini camera system was designed specifically for this film. Get in the sense Dylan works in the industry, Jack. But to add it up, I think what he's saying is that because Apple was behind this movie, they forced IMAX to create a camera specifically for Formula One racing cars. Instead of an IMAX camera, they basically used a stable camera, like a digital version of the real thing. Thanks for the correction, Dylan.

Yetis, you look fantastic today. And now that you finished this show, we think you should take your shot on our weekly show. This episode about Hamilton is truly the best one yet when it comes to the best idea yet. Couldn't have put it better, Jack. You're going to learn about the whole business of Broadway, how Hamilton got made, and why they were making millions of dollars just on the merch. So download the episode right now and bookmark it for whatever road trip you're taking this weekend. Jack and I will see you there.

And before we go, a happy birthday to Yeti Dan Druva in Portland, Oregon, who's going to an F1 race to celebrate the big day. Perfect timing. Happy birthday to Steph C. in Hsinchu, Taiwan, who loves her three dogs, Dogu, Wofu, and Happy.

And Ruby Sanchez is a young 60 years old celebrating in Bolingbrook, Illinois, doing logistics. And alles Gute zum Geburtstag to Matthias Schilling, the German unicorn tracker of San Francisco. Eating cakes and writing checks. And Jacob Wright, a.k.a. Dub Sensei, in Providence, Rhode Island, Pro Town, is enjoying a cool zaddy summer. And a big shout out to Derek Edwards, who's been listening since he was an undergrad. Derek!

fantastic to have you with us for the legendary journey. And another shout out to Benson Putra, who's been a Yeti since the Market Snacks days almost eight years ago. He's an entrepreneur from Jakarta, Indonesia getting a master's at Harvard, and Benson, love having you with us. Congratulations to Nick and Sam, who are expecting baby number one and are already setting up that 529. And Patrice

Bisquale in Cincinnati, Ohio made her Q3 Touchpoint's goal to listen to the T-Boy podcast every day. Patrice, we are here for you. Happy four-year anniversary to Whitney and Aaron Chang in Salt Lake City, Utah, who've been listening since the Robin Hood days. Congratulations, guys. And Narimon in Toronto, Canada wants to know if we have ceviche every Wednesday. Well, I thought ceviche was sashimi until like two weeks ago.

Nariman, let's just say we got a poke problem. This is Jack. Nick and I both own Stock of Robinhood. If you like the best one yet, you can listen ad-free right now by joining Wondery Plus in the Wondery app or on Apple Podcasts. Prime members can listen ad-free on Amazon Music. And before you go, tell us a little bit about yourself by filling out a short survey at wondery.com slash survey. We want to get to know you.

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