(laughs) - Oh no So yesterday, I asked you
to write me a new intro, you know, maybe retire
the beautiful bastard line so teachers can finally show
my videos in class again. And while thousands of new
opening lines were submitted, the one that we're testing today is from the YIAY man himself Jacksfilms. He will not lead us astray. So let's try it out. 'Sup you incels it's
your big bad boner daddy here was some tasty scoops of tube news straight from the source. (slurps drink) Mm. I mean, ahh. Nope, nope, nope, nope, not
messing with perfection. 'Sup, you beautiful bastards. Welcome back to the Philip de Franco show. It is Thursday, April 15th, 2021. Like the video, subscribe
because I'll be giving $5,000 to a brand new subscriber
for the month of April. And let's just jump into it. The first thing we should
definitely talk about today, easily one of the most
requested stories is this news involving a US soldier who's now been charged after
a video circulated online showing him shoving a black man in a South Carolina neighborhood. So if you haven't seen this the footage of the April
8th incident was posted to social media on Monday. It shows the soldier Jonathan Pentland confronting the unidentified man and telling him to leave the neighborhood. The other man says that he's just walking through the area and then this happens. - I didn't hit you - You pushed me, sir - There's a difference
between pushing you-- - Pretty sure you were
the aggressor, buddy. - You're aggressing on the neighborhood. - How am I the aggressor
if someone came running? - You better walk away. You walk away! You're talking to my wife right now. - That's your wife? - Walk away, walk away! - I didn't do anything
to your wife but speak. - Check it out, you can either walk away, or I'm going to carry your ass out here. - Dude, if you touch me-- - What do you want to do? - You better not touch me. - Or what? What're you gonna do? - You up on me. - Let's go walk away. - I didn't do anything to you - I'm about to do something to you! - I didn't do anything to her, and I didn't do anything to her. - You better start walking right now. - So when you come after me like that-- - I ain't coming after you. You're in the wrong neighborhood. (beep) - The man then tries to tell Pentland that he lives in the neighborhood and Pentland then asks for his address which he does not give. The confrontation continues with Pentland cursing and continuing to get
into this man's face. And as he does, the man says
that Pentland smell's drunk. It's also unclear what exactly
led to this confrontation. But in the video we do hear. - You picked a fight with
some random young lady. That's one of our neighbors. Get out of here! - Then walk! - All I heard was you fighting
and her defending herself. - Hey. Come on, what's your name? Come on. you don't want no trouble. - Right? So after this
video spreads online, many social media users
condemning it as another instance of someone being attacked
for walking while black. In fact, we even saw this leading to protestors demonstrating
outside of Pentland's home. Those protests starting off peaceful but deputies were then
called after 8:00 PM because unknown individuals
vandalized the house, forcing police to shut down access to the area and removing Pentland's family to another location. We then learned, as far as what led to this
viral video is deputy saying they were told that a man
approached several neighbors in a threatening manner. And then someone asked
Pentland to intervene. Also, as far as the other
man, there are two reports of alleged assault against him
that are being investigated. But, police also said that he has an underlying
medical condition that may explain the behavior exhibited
in the alleged incidents. But either way police said
that whatever happened earlier didn't justify Pentland's actions. In fact, after all of this,
we ended up seeing Pentland get arrested with him
ultimately being charged with third degree assault and battery. And so reportedly, if he gets convicted he faces up to 30 days
in jail and a $500 fine. And at a news conference we saw Richland County,
sheriff, Leon Lott, saying On top of that reportedly the Justice
Department is investigating and maybe one of the biggest things, Pentland's commanding
general issued a statement, condemning his behavior, adding that Pentland had quote With this story and the video
I'd love to know your thoughts and your reactions,
actually both to the video, as well as the protests and everything that we're
seeing with this story. Then in business news, I touched
on this briefly on Tuesday, but the cryptocurrency
exchange Coinbase went public yesterday, making a market debut
of nearly $86 billion with the stock price closing
at around $328 a share. It came out of the gate at
$381 shooting up to 429, then back down. In the early hours of trading
this morning it was around 330 and while Coinbase's $86 billion
valuation is actually lower than what was expected. Many predicting that
it would raise squarely over $100 billion. We should note that
Coinbase is already one of the biggest publicly traded
companies in the country. Cracking the S&P's top
100 coming in at 94th. With many supporters and
believers in Coinbase saying this is just the beginning but at the same time,
there are detractors. You have people like David Traynor CEO of the investment research firm With him last week saying that
Coinbase's value in reality should be closer to 19 billion. But hey, ultimately we'll see. The market decides what
the market decides. Then, in other business news, You had the Commerce Department
reporting this morning that retail sales for the
month of March jumped 9.8% from February with this spike
largely being seen as thanks to the most recent round of
stimulus checks from Congress. Notably March was the best
month of retail spending since May of last year, which at that time was on 18.3% gain following the first
wave of stimulus checks. But also, and I think this speaks to a degree of what's changing
since places are opening up, we're getting vaccines, last month the bar and
restaurant industry specifically saw a 13.4% surge. Meanwhile sporting goods
spending rose 23.5%, clothing and accessory sales rose 18.3%. Also there's a new shop de
Franco dropped very soon in the next week or two. Motor vehicles parts and
dealers sales rose 15.1%. And on top of all of that, unemployment claims this past week dropped to a new pandemic low with only
576,000 people filing claims which still a large number,
but comparatively small. I mean, what just last year
we saw 6 million people around this same time
filing for unemployment in a single week. It's also a significant
decline from the 769,000 people that filed
jobless claims last week. And it's coming in much lower
than the predicted 700,000 jobs that would be lost this week. So it seems like we're doing even better, but as Diane Swonk chief
economist of the accounting firm Grant Thornton said. Which is around the normal
number we were seeing before pandemic closures. So while it will still take a
lot of time to undo the damage from what we've all
experienced in this pandemic, if we stay on the path we're
on things may rebound faster. Which is an exciting thing for me to say, because I feel like I don't even get to tell you a lot of silver lining or hopeful situations these days. So hey, hope! But then the cynic in my
brain remembers that episode of Ted Lasso, where they're
like it's hope that kills ya. (laughter) Finally for business news. And it takes us to the world
of online entertainment. We should talk about Ludwig Akron because he is officially broken Tyler Blevin's AKA Ninja's
all time sub record on Twitch. And this coming after, I don't
know if you've watched it, Ludwig just finished a 31 day subathon, where he was streaming
live for an entire month. And it was kind of this perfect
ending to a seemingly out of nowhere genius move where
he would add 10 more seconds to the stream for every
new subscriber he got until he eventually announced
the cutoff day this week. Ultimately getting 283,000 subscribers, beating Ninja's record of 269,000. Also with these crazy sub
numbers there has been a lot of speculation about how
much money Ludwig made from all of this. But, that is something that's actually really hard to break down. Twitch subscriptions are
based off of the tier, they range from $4.99 to 24.99. Some estimates saying that
just off of the subscribers he made $1.6 million though
that's before Twitch splits. Places like Dexerto saying
that, okay, he got 935,000 plus right after the post Twitch split. Ludwig's also donating $365,000. His payroll $177,000 for
people like his moderators There are of course then taxes, though a lot of the people
that are doing taxes are doing it incorrectly because they're not taking into
account charitable donations or what he's paying. And it's also not known how much he made from advertising at this time. So the places is estimating that he only made $200,000 from this, I have doubts it's that low. But also I do want to note that this is me just
talking about a main point of speculation and debate
in regards to this story because I think the
money that he made here, actually I agree with something
that Ludwig himself said He could have made no money and still gained in the
thing that is most important and that is community. Views are views but it's the community that will carry you on
their backs for the years and potentially decades to come. And there is no doubt in my
mind that the shared experience that he has had with tens or thousands hundreds of thousands of people with this over the last
month, it's the biggest thing That kind of ends up being the
ultimate truth of this story. Like Ludwig could have lost
money over the last 31 days and it would still be a
massive long-term win. And I will say moving forward it'll be interesting to
see if others do this because Ludwig himself said
he will not do it again. But I would be genuinely
shocked if we didn't see a rise in subathons. Then let's take a second to pay some bills and thank the fantastic
sponsor of today's show, Vessi. You know, it is honestly so
hard to find lightweight shoes that actually keep your feet warm and dry through rain, snow, mud. And Vessi definitely
surprised me with these. Vessi makes 100% waterproof
and snow proof sneakers that are incredibly comfortable breathable and actually pretty stylish. Personally I wear both
their cityscape sneakers and their latest release,
the weekend shoe. And their Dyma-tex material
is dual climate knit that keeps you cool in the
summer and warm in the winter which truly makes this
the everyday sneaker, even for the upcoming wet seasons. These shoes are perfect for
running errands, the gym, going to the park with the
kids, or even on muddy hikes. And with the weekend show,
you can just rinse them off or even throw them right
into the washing machine. It is that easy, making it a fantastic gift for
yourself or your loved ones. You know, get them now
for the rainy season while they still have your size and you will definitely thank me later. But, main thing, go to
vessi.com/defranco right now, and be sure to use code DEFRANCO
at checkout to get $25 off. Then we had a smaller chunk of the population losing their mind because White Claw is releasing
an even harder seltzer. This, instead of their 12 ounce can with 5% alcohol by volume, White Claw's Surge will
come in 16 ounce cans with 8% alcohol by volume which resulted in a lot of people going, oh so they're just trying
to create Four Loko? To which my response is
as someone that covered a lot of original Four Loko stories, no. For anyone that doesn't
remember, the original Four Loko, I believe was 23.5 ounces,
12% alcohol by volume, And it costs 2.50. Depending on your state just one of these was like four to seven beers, one espresso shot and a Red Bull. There's a reason that people
used to call it Four Loko regret and a blackout in a can. Then remember the Evergiven? Right, it blocked the
Suez Canal last month, which reportedly resulted in $400 million in lost trade an hour. Well, as it turns out, despite getting this lodged
and everything opening back up, their story is not over. And that's because Egyptian authorities have now seized the ship,
with report explaining. with the bill also reportedly
including maintenance fees and the cost of the rescue operation. But for now, we'll have to wait and see how the story for
the Evergiven ends here because you have the
insurers getting involved. The ship's cargo has also been seized pending there being
some sort of resolution. See the Evergiven is stuck but
this time in a different way. Then in really troubling news and it was already a massive
issue, a worsening issue but one I think that definitely got even bigger because of the pandemic. The United States has seen a
massive spike in the number of US overdose deaths with more
than 87,000 Americans dying from drug overdoses in the 12
months leading to September of 2020 with Axios noting
that represents a 29% increase in overdose deaths for the months between October 2019 and September 2020 compared to the prior year, with the biggest spike in deaths occurring in April and May of 2020 when
shutdowns were strictest. With one study finding that people used drugs more
frequently during the pandemic and very big here often did so alone, putting them at a greater risk
of dying from an overdose. And that's on top of
things like reports saying at least 25% of syringe service programs reported having to close sites because of social distancing policies, and nearly half having to
restrict operating hours. Then I definitely want to
mention that we are very close to the end of the trial against
former officer Derek Chauvin for his role in the death of George Floyd, this after today Chauvin
informed the judge that he would not be testifying. He was invoking his fifth amendment right. His defense resting its
case after just two days of testimony following the
prosecution's two weeks. Then as far as what happens from here you have the closing
arguments set for Monday and then it's in the hands of the jury. And we all wait to see
if they will convict him of the thing we all saw Chauvin do or rather more specifically,
will they convict him. And if they convict him of what charge because Chauvin is facing a
second degree murder charge a third degree murder charge
and a manslaughter charge. And this is, I mean, I would say it's going to be an
interesting one to watch, but it's a very big stressful one to watch because obviously, yes
this is about Derek Chauvin but also it's a lot more for
a lot of people in the public. And as far as what the public
response is going to be we'll likely see over the course of the next week. And ultimately with this story and actually anything that
stood out to you today I'd love to know your thoughts and those comments down below, because this is the end of today's show. As always, thanks for watching, liking and hitting the subscribe
button, all the good stuff. Also, if you look at more to watch, I got you covered with some more news or if you need something lighter that brand new podcast
I did with kallmekris. But with that said of course as always, my name's Philip de Franco. You've just been filled in. I love yo faces and
I'll see you next time.
