I'm Stephanie Rule, MSNBC anchor and host of the podcast Modern Rules from NBC, Think and I Heart Radio. The new season of my podcast is back with more probing conversations that get at the heart of the issues that are keeping us up at night from sex and dating during covid to the stark reality that the gender gap is a lot wider than we thought and the true ramifications of misinformation.
These ideas, that coronavirus is really just about government control, that it's infringing on civil liberties. All of these ideas are similar ideas to the anti vaccine movement.
So where do we go from here? Join me, Stephanie rule for the second season of Modern Rules. Listen on the radio app, Apple podcast, or wherever you get your podcasts. On September 17th, 2009, 24 year old MIT Chris Richardson disappeared without a trace in the woods near Malibu, California, and was never seen alive again. I'm Catherine Townsend, host of the podcast Houngan.
We're going to try to find out what really happened to my Chris Richardson School of Humans and I heart radio present. Helen Houngan, Season three, Listen to Hell and gone on the I Heart radio app, Apple podcast or wherever you get your podcasts. The world's most dangerous sport to show the World Cup. What the hell is this? What could be put together like a megaphone? I just took over with this. Chris Brown. I've officially joined the Breakfast Club, say some of the world's most dangerous sport to show was competition.
Good morning, USA. Yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo. Good morning Angela.
Yea, good morning. An empty shell.
I mean the God peace to the planet is one day. Yes, it's Monday, back to the work week. Good morning. Good morning. What's happening? I woke up this morning and I saw it was I don't know how the weather is in everybody else's area, but in New York City, it was a tornado.
It was nasty last night. Yeah, an actual tornado. That's thing. I didn't know it was an actual tornado. I was actually out. I went to go get something to eat and I was driving back home and all of a sudden the weather just went crazy and I played tornadoes.
Pull up out of nowhere. The whole sky gets dark. Everything is black. It's like a train coming.
I was like, what's happening? This is awful.
They said yesterday on the news, they said, expect bad weather. They said anything that has to be tied down, tie it down. Umbrellas. That was like anything is disgusting here. Who lost their wig last night unsuspectingly and didn't know who would like to hear from you? My goodness.
OK. All right, man, what's going on? Yeah, but that was that was discussed it last night. I see our friend Donna Rawlings is in the hospital. I haven't done I'm not sure I got to find that out. My concern. All right. Well, yeah. All right. Well, Roe will be joining us this morning. Oh, yes.
Kind of. Man, he's he's a he's a congressman, I believe. Right. But he also is really, really, really big into the tech world. And he wants to get black people into the tech world. Right.
And also, we have somebody that has a great app that is allowing anybody to get involved. You don't have to be a celebrity. You don't have to be a millionaire billionaire. You can invest if you want. Very, very, very, very small. So Isaac Hayes, the third will be joining us this morning. That's right.
So you see how they go hand in hand or kind of once you get into the tech world. And then I think there's an opportunity for you to get into the tech world. That's right.
Hey, are we talking about investments this morning? It's not going to be something too crazy. It's going to be. It's what we'll talk to him in a little bit and you can hear it for yourself. But let's get the show crackin. Front page news. What we talking about?
Well, let's talk about Barack Obama and his new book. He's been doing some interviews. He did 60 Minutes and will tell you some of the takeaways from that. All right. We'll get into that next. Keep it like this, The Breakfast Club.
Good morning, everybody.
Is D.J. Envy, Angela Charlamagne, the guy we are, the Breakfast Club, is getting some front page news now in NFL.
The Browns beat the Texans 10 to seven. The Lions beat Washington for 14. Thirty twenty seven. The Packers beat the Jaguars. Twenty four. Twenty Buccaneers beat the Panthers. Forty six. Twenty three Raiders beat the Broncos. Thirty seven. Twelve. The Dolphins beat the Chargers. Twenty nine. Twenty one Cardinals beat the bills. Thirty two. Thirty Rams beat Seahawks. Twenty three sixteen. The Steelers beat the Bengals. Thirty sixteen. The Saints beat San Francisco 49ers.
Twenty seven thirteen. The Patriots beat the Baltimore Ravens. It looks like the Cowboys will tonight.
Or is it just me? Are the NFL just tough this year?
The Eagles. Twenty seven. Seventeen. Don't know about pointless game. Pointless or pointless game. Pointless game. Should have been a game that they canceled for social justice purposes. No need for any NFC East teams to be playing at all, especially each other. Our record is better than the Cowboys right now and it looks like the Brooklyn Nets might be getting James Harden.
Yeah. What happens? What else?
We got Brooklyn Nets getting James Harden. Yup. That's the first on his list of teams he wants to join. Houston's getting rid of James Harden. When did this happen? I saw him. Someone getting rid of Russell Westbrook over the weekend with the deep well, getting rid of James Harden.
Well, James Harden says he probably would like a trade in the first team you would like to go to is the Brooklyn Nets.
Let's go Brooklyn. All right. And you know, you saw the Miami Marlins have hired their first ever woman general manager in Major League Baseball. And that's a huge thing. She's the highest ranking woman in baseball operations among the thirty MLB teams. So that is really dope. So congratulations to her campaign.
All right. Now let's talk about Barack Obama.
He was on Gayle King on CBS Sunday Morning. And here's what he had to say. He had a pretty interesting interview about why he won't be joining Biden's staff.
He doesn't need my advice and I will help him in any way that I can. Now, I'm not planning to suddenly work on the White House staff or something. No cabinet position for you. Probably some things I would not be doing because Michelle would leave me. You know, she'd be like what you're doing, right?
Why would you do this? I was going to say when he was on 60 Minutes just to expand on that, he was on 60 Minutes as well Sunday evening with Scott Pelley. And he talked about how Michelle Obama did not even want him to run for president just two years earlier.
I had run for the U.S. Senate two years before that. I had run for Congress. A couple of years before that, I had run for the state Senate. We've got two young kids, Michelle, still working. And I ask myself in the book, how much of this is just megalomania? How much of this is me trying to prove something to myself? And over time she made a conclusion that I shouldn't stand in the way and the fact that I ended up winning didn't necessarily alleviate her frustration because the toll it takes on families is real.
Well, I can't wait to read Barack Obama's book. It's 300 pages long. And Michelle's book, by the way, Michelle's book was 468 Obamas book, 700 plus. But how would you be president of the United States and didn't come back to work in somebody's cabinet? That's something back with any friends I can consult. You call my phone. I'm not about to come work in the cabinet that ever happened to the president, ever been president? They went to work into his cabinet.
I don't think so, because like you said.
Well, I think at first he was just asking him about what, you know, is he giving him any advice? And then it was just a follow up because he was saying he doesn't think Joe Biden needs any advice from him.
So, yeah, it's just weird. Like I was president. Why would I come work in the cabinet for you like I know.
All right. Well, that is your front page news. All right. Get it off your chest.
Eight hundred five eight five one oh five one if you need to hit us up right now is the Breakfast Club. Good morning.
Hey, Kaitlin Durante. Yeah, Jamie Loftis.
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Your cases are waiting for you. New episodes of Salt are available now on the I Heart radio app, Apple podcast or wherever you get your podcast. One Crime for suspects. Can you solve it? The Breakfast Club. I'm telling you, this is your time to get it off your chest, whether you're mad or blessed.
Eight hundred five eight five one two five one. We want to hear from you on the Breakfast Club.
Hello. Who's this? You and me. Hey, what's up, Jeff? Hey, Jeff.
How are you doing? Name pieces. What's happening? Listen, I'm irritated, man. I'm so hurt. I just want to say that the Philadelphia Parking Authority has made my life a living hell this weekend out here just blew in and telling people cars that big thing owed them money and they bring my car.
If we give you a shitload of money, why you older people money? I want to hear that, man. They can't be trying to tell people where to park and where they can't park.
Yes, they can park already because they had the audacity to come to my block, the guys who came to my block and booted my car on my block and I've been hiding them for eight months.
They didn't pay what you owe traffic stop. Give them stop giving people sixty eight talking about. Oh, you want paying people. But it's right because Breakfast Club Change for Change is coming up and I've got to go five thousand dollars waiting on me, so I'll be. I don't know. I don't have I don't even think that the Eagles do, though.
If every eagles do, I'm a Cowboys fan. Don't disrespect me.
It made me call here all these years and been a diehard Dallas Cowboy fan. You're going to tell them your Eagles fan they both trash hello this.
So they get it off your chest.
OK, you guys made a statement about President Obama coming back to work and someone's campaign. And I just really feel like my heart goes out to him because he knows that there's work need to be done in this country. You know, that's the way that I feel about him coming back to work in somebody else's campaign.
No, no, no, not campaign. They say they said they said Joe Biden. They said his cabinet. No, it don't make sense for to work working somebody's cabinet. Barack Obama is an entity all to himself. He can invoke change so many other ways.
He does not have to work in Joe Biden's camp. I don't even say it.
It does to me.
Charlamagne, you always disagree with people that it's our opinion. But thank you, Mama. You can't show me any other time in history that's ever happened. President has come and worked in another president's cabinet. I don't think it makes sense. Hello this.
Hi, my name is Carl Deejayed. How are you doing. OK, call Mr. Quiet Stone voice. Get it off your chest. We Charlamagne in the garden. Hey Carl. Carl. How are you Carl. I just wanted to say hello y'all and let you know that I'm blessed this morning. I really do appreciate your taking my call. I'm a black businessman. I started my own company and we're growing exponentially right now. We're about to rebrand and show off our new logo, a new website.
But I've done my life savings and to help grow this company. But it's turning out to be worth it. And I'm very grateful and I just wanted to share that with you guys. I'm a big fan. I listen to you every morning on the way to work and with color. We haven't been to work in a while. So I listen to you every morning. I heart radio.
Well, thank you, man. You sound like you should be doing voiceover work for somebody like you should be selling cheese or something. I would love to take that job.
Charlamagne, if you want to hire me, I'll be there first thing in the morning. Oh, I don't sell cheese now. All right. But if I did, I'd hire you to do a cheese commercial.
There you go. Get it off your chest. Eight hundred five eight five one two five one. If you need to finish this up now is the Breakfast Club. Good morning.
The Breakfast Club. This is your time to get it off your chest, whether the man. I hear from you on the Breakfast Club that you've got something on your mind. Hello? Who's this little you know what I broke? Get it off your chest. You know, so little man on Friday. I'm not sure if I heard that correctly, but I believe actually you might have told me to start at only six. So I spoke the words now because, I mean, Charlemagne's credit goes, oh, OK.
Yeah, you should do it only minutes. So. So now I need help picking a name for me. I got I got a few options I want to remember, but let me know which one. And let's hear it. OK, so one of the locks on the ground, you know, Charlamagne, these she said when you order more tests but you get Charlamagne. So I was thinking I could be more like, you know, another one.
Now, your name's Christoph's porcelain. Well, first of all, baby, I like that one. I like that one was a bit more able to create a one.
Little cream is disrespectful. I like Christoph's porcelain. That's a good one. A supersized. I said I'm definitely doing this Salemi only thing is Dodd's whistling is coming to another day. You gotta do what you gotta do.
Christmas around the corner bro.
Oh yeah. I got married, I got married. Just everybody on my Christmas wish.
I was a crystal ball with nothing.
I'm oh I want, I want to know so far I that I've got you my pretty good actually.
Oh boy. All right. Thank you Melo. So far thirty thousand dollars. Hello. Who's this. This is Tom. You Hey Tom. You get it off your chest. Well me get off my chest that I am engaged to a man that I am not happy with, that I am not in love with. And every day it just gets worse. Me looking at him. I like him and I'm just like oh well it sounds like you need to call off the engagement.
I mean I don't wear my ring anymore, but, you know, we still live together. So it's kinda I don't know, it's become awkward now because we don't talk. Well, what have are you wasting your time? No, I mean, because I'm comfortable with him. He takes care of that. He got that back on like, you know, he makes he makes life better, a little better. But I can't deal with some of way.
I just can't. So you just don't like it. I mean, I told him I told him I wasn't happy. I wasn't thinking maybe the change was needed to do to make me happy. And he still doesn't. So I'm planning on leaving. You know, maybe I just don't love him.
So why are you calling us if you I know what you want to do. We just need some confirmation that you might be getting it off her chest.
Doesn't mean I'm asking her. OK, it's called get it off your chest. Oh, I don't want people. You know, I just I just always pray about things. So get off my chest.
All right, Mama, when you when you when you plan to leave before the holidays, don't take none of his gifts. See what I'm saying? I ask you not to send me. I mean by nearly Christmas. Yes. You just happen to love me. Why don't you just come back? I want to hear you all over the radio saying you don't love him. All right, Mama, you know, get it off your chest.
Eight hundred five eight five one zero five one that we got room on the way. You man so much happened over the weekend. And we're going to talk about Benny the Butcher getting shot. We'll also talk about coronavirus. And a few different people have come forward and said that they have a one person is in intensive care. All right. We'll get into that next. Keep it like this. The Breakfast Club. Good morning.
The Breakfast Club. It's about to go with No. We are the board, this is the rumor report with Angela Guy on the Breakfast Club. Well, Benny the butcher, he suffered a gunshot wound, they said it was in his leg and according to the Houston Police Department, they told TMZ that he was in town Saturday visiting a local Wal-Mart while he was with his friends in the car on the lot. They said a car with five guys holed up next to them took out some guns and demanded their change.
Apparently, they were moving too slowly. And and the cops say that one of the guys fired around and said, Benny, the butcher's leg. And that's what caused them to flee after that. So eventually they did pull over and call the police.
He was taken to the hospital for treatment. Wow.
Look to the good brother, Benny the Butcher, sending positive energy, love and light to that brother. Everybody needs to keep their head on a swivel. It's been a rough year. People are hungry. It's the holiday season. People are starving. And a lot of brothers out here looking like meal tickets. You've got it. And they don't. They will come take it from you. Simple as that. So pay attention and most importantly, stay out the way.
All right. And Boosey Badass gutshot also over the weekend in the leg in Dallas. And yes, so according to law enforcement sources, they said that he was shot after he was in a minivan near a strip mall, and then he stopped by another venue. He was paying his respects to MO three, the rapper that was saying to him that was recently killed. And they said at some point somebody opened fire on the vehicles and one of the bullets struck him in the leg and were shooters are also at large there.
So he did end up going to the hospital and he was treated for a gunshot wound below the knee and that he is doing OK.
You know, like I said, man, a salute to both his little brother. Keep your head on a swivel. Pay attention and stay out the way. And you also got to remember to who you are sometimes, like you can't do what everybody else does. That's why you don't have what everybody else has.
You know, I'm saying you have different access for different reasons, because in both cases, it was it was a bunch of people with them, though. So it seems like they might have had security with them because, I mean, they're going to travel in different states doing shows. I'm sure they probably had security.
I mean, a security can get people can get to drop on security, too. I don't know if they have security, but people can get to drop on security for sure.
All right. So, again, our parents that I'm now Jeremi has been hospitalized. He's in ICU and he has coronavirus. So according to now, I've heard sources saying that he was on a ventilator, that things aren't going well, but 50 cent opposed to pray for my boy Jeremiah. He's not doing good. This covered is real. He's in ICU in Chicago. I saw Hatmaker also asking for prayers and he said that Jeremiah's mother actually asked him to post that chance.
The rapper said, please, if you can take a second to pray for my friend Jeremiah. He's like a brother to me and he's ill right now. I believe in the healing power of Jesus. So if you can for me, please, please say a prayer over him. So prayers for Jeremiah as well?
Yes, absolutely. 100 percent. Now, gospel artist Fred Hammond has also shared that he tested positive for covid-19 and he did share this update Monday.
And I went to go get tested. And it was the same day test. I just wanted to come on and say that this is day five of my quarantine because the test came back positive. I think the rough weekend was last weekend, but my doctor's like she doesn't know which side of it are more. So she's keeping me very monitored and have a doctor that's with me pretty much all day. Every doctors on speed dial.
Oh, Lord, yes. The mask is not a political statement, Blessing's family. So hopefully he's going to be OK and pull through. Now, last EpiPen has also revealed that she tested positive for coronavirus and she said, I've never felt pain like this. She posted a picture that showed her legs. She said, I've been battling covid for a week. And she said, pray, then let it go. Don't try and manipulate or force the outcome.
Just trust God to open the right doors at the right time. Amen.
Oh, my goodness.
Everybody is so scary because you don't know how it affects your body. You know, some people get it and it's no problem. They don't even know they have it. They keep it moving and then some people get it in. It's the worst. You just it's just scary because you don't know how it affects your body. You don't know how to run to your system.
You know, America has tested positive and the left nostril and a negative in the right.
Now, that ain't make no damn sense. I'm trying to figure this one out. Like, how how do you test positive in one nostril and negative in the other nostril? And if that happens, what do you do? Do you quarantine for seven days instead of 14? Shut up. Shut down three feet away from people instead of six o'clock. What do you do? I go with what happens when it's half and half.
Yeah, that's a weird thing, I mean, I guess they're not 100 percent effective, so I would assume you got to take it him, but that's weird. All right. Well, that is your room to report anything that happened good in the world this weekend.
I mean, Jesus Christ making the got an album coming out called Good News. Is there any way you mean to tell me nothing could happen to somebody this weekend? Maybe the next room will be some good news. Yeah. Jesus Christ. Who shoots three positive tests. My God.
All right. Well, we've got rumors. We got front page news coming out.
What we talked about front page news. Yes. Donald Trump, he did say that he lost the election, but he also said it was rigged and he also said he's not conceding. So we'll tell you some more news about that. All right. We'll get into that next. Keep it locked. This The Breakfast Club.
Good morning. The Breakfast Club, your mornings. I'll never be the same. They would be the envy, and if you're looking for auto insurance customized just for you, you need the general insurers. They have excellent customer service and they have been in business for over fifty five years. Call 800 general or visit the general dot com. To date, some restrictions apply.
Morning, everybody. Is D.J. Envy. Angela Ye shall I mean the guy we are the Breakfast Club. Let's get in some front page news now.
Let's start with some NFL football. The Browns beat the Texans to seven the Lions with the Washington football team.
Packers beat the Jaguars. My Giants beat the Eagles. Buccaneers beat the Panthers. Raiders beat the Broncos. Dolphins beat the Chargers. The Cardinals beat the Bills. The Rams beat the Seahawks. New Orleans. They beat San Francisco 49ers. The Steelers beat the Bengals and the Patriots beat the Ravens. Now, Monday Night Football, the Vikings take on the Chicago Bears. Now, what else? We got you.
All right. Well, let's talk some more about Obama's 60 Minutes interview now. He talks about how Michelle Obama was so supportive to him and how grateful he is. Listen to this.
It's only after you emerge from an all consuming job that you realize that everything you hold dear is thanks to the one you love.
I think I actually realized that even while I was in the job, the fact that she put up with it and forgave me was an act of grace that I am grateful for.
And I'm not sure I deserved the man driving Barack Obama into a black woman. David, change your whole life to the best foundation to stand on. Now, his memoir, I Promised Land actually comes out tomorrow.
So that's why he's been doing all these interviews and talking about his relationship and Michelle Obama being so supportive. And then he also, in his interview talked about not attacking Trump.
At the end of the day, I consistently tried to treat my political opposition in the ways I'd want to be treated. Every president brings a certain temperament to office. I think part of the reason I got elected was because I sent a message that fundamentally I believe the American people are good and decent and that politics doesn't have to be some cage match in which everybody is going at each other's throats and that we can agree without being disagreeable.
Yeah, I mean, listen, I didn't like that, though, because the problem with Trump is they acted like what he was doing was so normal for four years. Therefore, a lot of people didn't understand the severity of what he was doing in the White House. And if it wasn't for covid, you know, treating him like he was just a normal president, it would have gotten him re-elected. And it's not an attack if it's the truth telling the truth about somebody is not attacking them.
What a difference for who's our president right now. Donald Trump. They had the million mega march over the weekend with these Trump supporters, and there was a lot going down.
In addition to that, Donald Trump said we won't let a rigged election steal our country. And he's been on social media talking about he still feels like he didn't lose. He said he only won in the eyes of the fake news media. I concede nothing. We have a long way to go. This was a rigged election. He won because the election was rigged. No vote watchers or observers allowed votes tabulated by a radical left, privately owned company, Dominion, with a bad reputation.
And Bermagui couldn't even qualify for Texas, which I won by a lot of fake and silent media. And more so he's still claiming without evidence that he won. And even though these are all debunked theories and baseless conspiracy theories and false statements that he's putting out on social media, and Giuliani actually did an interview and said that Donald Trump is not going to concede.
Is the president right now in this tweet conceding this election? No, no, no. Far from it. What are you what are you saying is more I guess you'd call it sarcastic. Obviously, he's contesting it vigorously in the courts. Let's be honest, we don't want him to concede. OK, we all know you want to see the military going to drag Trump out by Tuesday kicking and screaming. A peaceful transition of power will be normal. We don't want it to end normally.
Come on. And we know it's not going in. No, it's Trump. We don't want him to concede. Come on. We want that. Come on, be honest, guy. No, we want him to. Casey, we're want to get the hell out.
No, you don't. So you don't want to anything. You want this show. You want this show. No, you don't. You want this show so you can have content for your real report in front page me. But your headlines, we want to show him out on his ass though. They throw him out on his ass.
It'd be different, but they don't if they don't need this, we don't know how it's going to happen.
But I know it'll be entertaining. I know that much. All right. Well, that is your front page news. All right.
Thank you, Miss Yee. Now, when we come back, Roxana will be joining us.
Roxana is in the U.S. House of Representatives. They actually talk about him possibly replacing Senator Harris in the Senate, but he's real big into tech and he wants to get black people into the tech world. So we'll discuss with him. All right. We'll get into that next. Keep it like Breakfast Club. Good morning.
Good morning, everybody. Is T.J. Envy Angeles. Charlamagne the God. We are the Breakfast Club. We got a special guest on the line. Yes. And Congressman O'Connor, welcome.
Thank you. Big fan of the show. Thanks for having me. Thank you. For all you know, I'm glad that you're here, man, because, you know, you've spoken to me about this proposal for for wealth generation in tech jobs for young black Americans. And you send it to I believe you said the VP Biden and Kamala has been explaining to people what that is.
But very simple. Right now, the black community is being left out of the main wealth generation and I represent Silicon Valley. Less than three percent of venture capital goes to black or Latino entrepreneurs. They're less than 10 percent at Apple, Google, Facebook. Of the employees or executives, if you think about it, in the black community, was not fully part of the industrial revolution. And now you have a digital revolution which is driving most of the stock market, 90 percent of the gains.
And you don't see black folks getting the IPOs. You don't see them at the executive tables. You don't see them generating wealth. So the my view is you want to deal with the racial wealth gap. We've got to have more funding for black entrepreneurs. We've got to actually create bootcamps. We've actually got to get at least a million black young men and women in the digital economy. How do we do that?
Let's create actual boot camps and schools in partnership with the private sector to get folks the skills and jobs. It's not enough for an Apple or Google or something to write a check to the United Negro Scholarship Fund and think their job is done. You know, there are only a third of computer science graduates or people with skills are actually getting jobs. They have to actually commit to hiring these people, not just giving some skills. And what often happens is the U.S. or other schools, they don't have the access to get interviews.
So they may be doing computer science stuff, but then they're not doing the whiteboard interviews and they're getting blocked out. So we had a partnership at Claflin with Zoo Resume committed to not just funding the training, practical skills, but actually hiring folks afterwards. And I think we have to create these kind of boot camps, that Opportunity Hub and others going across across the country, changing the curriculum, changing the curriculum.
We have to change the curriculum.
Claflin in South Carolina. Claflin, South Carolina. Yeah. You know. Yeah. Now, Claflin Zoom.
So, you know what was happening is these HPC use, they give all the academic stuff and then people would go to interview and there all these whiteboard interviews and all these things that they had never been exposed to it.
So they wouldn't get the job right. And that's, you know, that's not going to create actual opportunities. So first, get people the actual practical skills and certification that's going to lead to a job. So the CEO should partner with the private institutions and these private companies have to commit to hiring.
Second, I would say at least any any big company that wants to have a big federal contract, Amazon, others have them have a ten percent black and Latino workforce. That's right. You know, you see that happen. Look at how quickly they'll actually hire, hire, hire people. Right now, they're not you know, there's no incentive for them to do it. It's just lip service, you know, just more than 10 percent. It should be it should reflect the population of black people in this country.
So 13 to 14 percent is what I see. Great.
You know, let's do something. And 13, 14 percent makes makes a lot of sense. And, you know, Jesse Jackson, who I admire, but he's been going to Silicon Valley for the past 15 years and he gives the same speech about diversity and they put out some statistics, but it's not improving. I mean, we've got to have some real policy and it can't just be left to the that the intentions of people in the valley.
And what about raising funds? Because you did talk about venture capital and how black people are getting less. When it comes to that, so what can be done about that? I think two things. First, let's look at the statistics. Less than three percent, one hundred and thirty dollars billion venture capital industry, less than three percent is going to black or Latino entrepreneurs, probably less than one percent of black entrepreneurs. And when it comes to women, it's you know, it's less than three percent.
I think we need to do two things when we need actual targeted federal government matching funds where we're putting funds into black owned VCs. There are about 20 prominent black owned VCs. You know, if you give money to people black on funds that are more likely to fund black entrepreneurs, that's just the reality of it. But the Black Fund's VC funds are, you know, a very small fraction of the hundreds of billions. I have federal funds to match that.
And secondly, incentivize the harbor into the public pension funds to say, look, you get a different capital gains tax rate if you're going to invest that money with black owned fund so that you're incentivizing these huge people who control a lot of the capital to put the money in black funds. I fundamentally believe if you give money to black run funds, you're going to get more black entrepreneurs funded. I don't think you can rely on non, you know, other funds finding the entrepreneurs or opportunities.
Yeah, you've got to be intentional about it. You know, I mean, so you've got to give the money to people who are going to be intentional about empowering other black people. But I got a question. What's what's keeping black people out of the digital revolution where the consumers of all this tech, all these social media apps, but not the creators? Why?
I mean, that's brilliantly put. I mean, simple. I mean, look, you know, black Twitter. I mean, the black people get a lot of the cultural stuff started on these tech companies. They wouldn't have grown Twitter when have grown if it was right.
And right now, clubhouse a clubhouse and on Amazon, obviously huge purchases on Facebook. And so the black community is exactly as you put it there, the consumers. But more than the consumers that are the cultural movers, they're getting this stuff popular. I mean, you look at the the videos on entertainment and things on Instagram or Tic-Tac, it's often a black entertainers, black influencers, and yet they're not getting the wealth, the actual wealth creation, and they're not being able to shape these platforms.
People keep talking about the racial wealth gap. Ten to one. It has increased in the last 20 years, not decreased, increased. And one of the big reasons for that, in my view, is that all the wealth creation is largely being driven in the digital economy. So why why are they excluded? Have they been excluded? I think partly it's that there's network effects. You know, if you're it's not that they don't they don't want to go into computer science.
Actually, young black kids have a greater desire. There's a study showing they have a greater desire to study computer science, that white kids actual they they're more interested in it. So and a third of black graduates in computer science aren't getting jobs in tech, even though they're seven hundred thousand open tech jobs. So part of it is the network effect. I mean, how many of these tech companies are actually recruiting? Where the talent is partly is that they're not getting the skilled bootcamp training, which teaches folks not just about the algorithms and how to code, but actually the way that interviews are conducted to get jobs and then partly as the exclusion of capital.
But if this continues, the racial wealth gap 20 years from now will be worse. And what I say is, look, the biggest issue, obviously, and, you know, I know you've been very eloquent on it with the criminal justice firm and police violence, and that's obviously people can't be getting shot. But in Silicon Valley, it's easy to sit there and say, you know, the problem is the cop in Minnesota or the cop in Wisconsin and support Black Lives Matter sort of theoretically and say, OK, we're going to go out and march for greater racial justice against police violence.
But what are you doing with Black Lives Matter is not just about making sure black kids don't get shot in the streets. It's about making sure they have a shot at the American dream and wealth creation. That's a far harder structural reform. And I think we can't let off companies and area. I represent saying, OK, support black lives marches without talking about equity and wealth generation.
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Good morning, everybody. Is D.J. Envy, Angela Ye shall I mean, the guy we are, the Breakfast Club was still kicking it with Ro Khanna. He's the member of the U.S. House of Representatives from California's 17th District.
It always seems crazy when we talk about minorities and generational wealth. And then you look at big companies in all the breaks that they get, whether it's the Amazons or the the Netflix or, you know, all these other companies. And it's just seems weird to me that you give all these companies huge breaks. And then when you talk about generation of wealth, you don't allow minorities the chance to catch up, Nancy.
Right. I think one of the other reforms should be that there should be people on the boards of these companies. They should have some sense of diversity requirements for the boards and in these companies. And people say, well, why? How does that help someone whose middle class or working class to get representation on the boards? I think that's a very privileged perspective. I mean, it's it's not just that black people should be having working class jobs and focused on the minimum wage.
Don't important. We've got to give them access to the wealth generation and they're going to reinvest that in their own communities. So partly it's diversifying the boards. It's having incentives. As you point out, these companies are getting a lot of breaks from the government. They have an obligation to be part of the solution in dealing with the racial wealth gap and the exclusion of black talent.
You know, why do you think there's never been an attempt to address the racial wealth gap in America in a meaningful way?
I said I say fix the racial wealth gap in America in a meaningful way.
I think that we're not focused enough of the on the ambitions of young African-Americans and for American families. I think we're so focused on there the the immediate social problems which are acute. Let's make sure everyone gets health care. Let's make sure everyone, you know, doesn't get shot in the streets. Let's make sure that people at minimum wage. But that's not America. That's not above. When I go to class, when I talk to these young folks, they have the same dreams as kids in my district.
They want to be entrepreneurs. They want to be business leaders. They want to create wealth. They have and.