HERE, THE QUESTION NOW, THOUGH, IS WHAT MIGHT THIS MEAN, IF ANYTHING, FOR OUR LECTIONS AND OUR OUTCOMES IN NOVEMBER? AND, COULD IT ALSO IMPACT THE GLOBAL FLOW OF MONEY? NEXT GUEST IS A BILLIONAIRE VENTURE CAPITALIST AND TECHNOLOGY INVESTOR WHO JUST HOSTED A FUNDRAISER FOR FORMER PRESIDENT TRUMP IN SAN FRANCISCO AND SAYS HE IS CONCERNED ABOUT THE ECONOMY, THE BORDER, NATIONAL SECURITY, AND MORE. JOINING US NOW IS CRAFT VENTURES FOUNDER AND PARTNER, DAVID SACHS. DAVID, THANKS FOR JOINING US. WHAT IS YOUR TAKE ON THESE ELECTIONS IN EUROPE, WHICH I THINK SHOCKED EVEN THOSE ANTICIPATING SOME GAINS BY THE RIGHT OR EVEN FAR RIGHT PARTIES? >> I AGREE WITH YOU, BRIAN. THERE ARE THREE BIG ISSUES I THINK VOTERS WERE PROTESTING AGAINST. NUMBER ONE, OPEN BORDERS. NUMBER TWO, INFLATION, IN SOME CASES STAGNANT INFLATION, WHICH IS ERODING THEIR BUYING POWER. NUMBER THREE, THERE IS A SENSE OF FATIGUE WITH THE UKRAINE WHETHER THIS CAUSED THESE ECONOMIC PROBLEMS. I THINK THAT THE PEOPLE OF EUROPE ARE URGING TO US, FOCUS ON US RATHER THAN PROXY WARS. >> YOU LOOK ABOUT THEM, THE NETHERLANDS, YOU LOOK AT FRANCE, LIKE AUSTRIA, GREECE, LOOK AT EVEN ITALY, BURLESQUE ON HIS BACK, FOR GOD SAKES PEOPLE TO SEND A MESSAGE OUR WAY QUESTION >> I THINK THIS COULD BE A HARBINGER OF THINGS TO COME IN THE U.S. WHAT ARE THE BIG ISSUES IN THE U.S.? THEY ARE SIMILAR. NUMBER ONE, OPEN BORDERS, NUMBER TWO, INFLATION, NUMBER THREE, FATIGUE WITH THIS UKRAINE PROXY WAR. THE SAME ISSUES VOTERS IN EUROPE ARE REACTING TO IN PROTEST, THAT THEY ARE OBJECTING TO SO STRONGLY ARE MAJOR ISSUES HERE IN THE UNITED STATES. THIS DOES NOT BODE WELL FOR PRESIDENT BIDEN. RECALL THAT BACK IN 2016, WE GOT BREXIT AND THEN WE HAD THE SURPRISE COLLECTION OF DONALD TRUMP IN NOVEMBER. IN A SIMILAR WAY, THIS COULD BE THE HARBINGER , THESE JUNE PARLIAMENTARY ELECTIONS IN EUROPE COULD BE A HARBINGER FOR TRUMP TWO IN THE UNITED STATES. >> WE SAW BOND YIELDS MOVE, WE SAW MARKETS MOVE, WE SAW IT IN MEXICO, BY THE WAY, WHERE YOU HAD KIND OF A VERY SURPRISING OUTCOME IN MEXICO IN THE MEXICAN MARKET COLLAPSED AND THE PESO COLLAPSED. IS THERE A, YOU ARE A FINANCE GUY, VENTURE CAPITALIST BY NATURE, DAVID, IS THERE A MONEY, ECONOMY, MARKETS, FINANCE COMPONENT TO ALL OF THIS ? >> PERHAPS ON THE ROAD. THE MAIN IMPACT HERE IS CULTURAL. I THINK THE MAIN REASON WHY VOTERS ARE UP IN ARMS IN EUROPE HAS TO DO WITH THE CULTURAL ISSUES. THEY WANT THE MASS MIGRATIONS TO STOP. THEY ARE OBJECTING TO WHAT IS HAPPENING IN THEIR ECONOMIES. TOO MUCH INFLATION, TOO MUCH STAGNATION. SOME OF THAT HAS BEEN CAUSED BY THE UKRAINE WAR. I THINK IT'S LIKE TO SEE, MANY VOTERS WOULD LIKE TO SEE THAT WRAPPED UP. DOES IT HAVE AN IMMEDIATE IMPACT ON MARKETS? HARD TO TELL. I THINK THIS WILL TAKE SOME TIME TO PLAY OUT. >> CERTAINLY IS. AND, YOU LOOK AT THE BORDER ISSUE. I WAIT IT OUT AND WE ARE A FUNNY SHOW SO I DON'T LIKE TO GO INTO THE ETHICS SIDE. IT IS A HOT BUTTON ISSUE BUT GOLDMAN SACHS OVER THE WEEKEND, I TREATED IT OUT, CAME UT ITH THE REPORT TALKING ABOUT IMMIGRATION, THE BORDER AND THE ECONOMIC IMPACT OF IT BECAUSE OF THIS, TO LIVE IN SAN FRANCISCO, I WAS THERE RECENTLY, CHICAGO, DENVER, NEW YORK. YOU WALK AROUND AND YOU SEE THE VISUAL IMPACT. WE CAN'T HAVE CHILDREN LIVING ON THE STREETS. IT IS INHUMANE, THEY HAVE TO HAVE SOMEWHERE TO GO. AT THE SAME TIME, THESE CITIES ARE STRUGGLING UNDER THE WEIGHT OF THE ECONOMIC TOLL. CHICAGO, ONE THIRD OF ITS BUDGET DEFICIT IS NOW GOING TO HANDLE THE MIGRANT AND BORDER CRISIS. IS THERE AN ECONOMIC BREAKING POINT HERE? WHEN PEOPLE START HAVING THEIR STUFF TAKEN AWAY, SORRY, WE CAN'T DO THAT MUCH IS FOR TICKETS BECAUSE IT'S GOING OVER HERE, PEOPLE ARE GOING TO GET TICKED OFF. >> WE HAVE ALREADY SEEN THAT. YOU DEMOCRAT MAYORS OF NEW YORK AND CHICAGO BOTH SAY THAT WE CAN'T HANDLE THIS ANYMORE. WE ARE TAPPING OUT. THIS IS TOO MUCH OF A BURDEN ON OUR SOCIAL SERVICES AND OUR INFRA STRUCTURE AND EVERY SAFETYNET TO HAVE TO CONTINUALLY MAKE ROOM FOR THESE MASS MIGRATIONS THAT ARE BEING ASKED AND OUR CITIES. THEY ARE HAVING TO PUT UP MIGRANTS AT HOTELS, THERE'S JUST NO MORE SPACE FOR THEM. I THINK YOU ARE SEEING YOU AND BLUE CITIES AND STATES START TO TAP OUT FROM THIS IN THE SAME WAY THAT I THINK PEOPLE OF EUROPE SAID THIS IS JUST TOO MUCH FOR US TO HANDLE. I THINK IT IS AN ISSUE THAT IS APPEALING TO JUST REPUBLICANS BUT A LOT OF CENTRISTS AND A LOT OF DEMOCRATS AS WELL. >> WE ARE A NATION OF IMMIGRANTS, WE NEED IMMIGRATION, WE NEED CONTROLLED, ILLEGAL IMMIGRATION. WE CAN WELCOME AND MORE PEOPLE, WE JUST NEED TO BE ABLE TO HANDLE THEM. WE CAN'T HAVE ALL THE PEOPLE COMING AT ONE TIME TO SPECIFIC AREAS THAT ARE ALREADY STRUGGLING. MANY IN WALL STREET ARE WRITING ABOUT THIS. I WANT TO MOVE ON TO A DIFFERENT TOPIC, DAVID. TOTALLY DIFFERENT. THE TESLA SHAREHOLDER MEETING IS HAPPENING ON THURSDAY. WAITING TO SEE IF INVESTORS APPROVE ELON MUSK'S PAY PACKAGE ESTIMATED TO BE $50 BILLION. YOU HAVE THE NORWEGIAN FUNDS, THEY ARE GOING TO VOTE AGAINST IT. DO YOU HAVE A TAKE ON HOW THIS SHOULD GO ON WHERE IT WILL GO? >> WELL, THIS PAY PACKAGE WAS ORIGINALLY APPROVED BACK IN 2018. AT THE TIME, EVERYBODY KIND OF LAUGHED AT IT. THEY THOUGHT THAT THESE GOALS WERE COMPLETELY UNREALISTIC AND ELON MUSK WOULD NEVER HIT THEM. HE DID IT THEM. THAT IS THE REASON WHY THE PAY PACKAGE IS SO LARGE AND IT GOT VOIDED BY A JUDGE, EVEN THOUGH 73% OF TESLA SHAREHOLDERS BACK AT THAT TIME HAD APPROVED IT. SO, NOW YOU'VE GOT GROUPS LIKE KALISTER SOMETHING WE DON'T THINK HE SHOULD GET THIS MONEY BECAUSE IT IS EASY FOR THEM TO RENEGE. HE ALREADY HAD THE TARGETS. QUES
