- Ssup ya beautiful bastard,
hope you're having a fantastic Thursday.
Welcome back to "The Philip DeFranco Show",
buckle up, hit that Like button,
and let's just jump into it.
And actually, the first thing we're gonna talk
about today is just very amusing to me.
Earlier this week, while I was having,
I guess, one of those crisis of self, once again,
I mentioned that I feel like a bringer of sadness.
And in addition to many of you pushing back
against that saying,
"No, I need this, this is the one way
that I can take in the news without it
just kind of collapsing on top of me."
There were also a lot of you requesting
that I make it into merch,
which initially sounded ridiculous to me
until someone mentioned that it sounds like a band name.
And this morning my lead designer,
Brian, surprised me with this.
And so for the next seven days,
if you wanna snag yourself a limited edition
"Bringer Of Sadness, World Tour Shirt",
they're oh, so comfy.
Or a premium hoodie, or it's super hot so you need a tank,
you can snag it, and of course,
it's first come first served at shopdefranco.com
A bunch of y'all willed this into reality,
so snag one while you can.
But actually the first thing I wanna talk about today,
let's start off today light.
Let's start today off by talking about
a little story involving Kylie Jenner and Kim Kardashian,
and corporate espionage accusations.
So if you don't know,
and it would actually be odd if you did.
The company behind Kylie Jenner
and Kim Kardashian West makeup lines is SEED BEAUTY.
And they're taking legal action to protect
their trade secrets now that both stars
have massive deals with Coty Inc.
And Coty Inc. if you don't know,
is this beauty conglomerate that owns brands
like COVERGIRL, Sally Hansen, Rimmel and others.
And Coty Inc. have recently made headlines
for striking these just massive multimillion dollar deals
with the sisters, moves that a number of people see
as an effort for the company to refresh
their image and attract a younger audience.
For some time now it looks like they've been struggling
to keep up with their competitors in the industry,
so it seems like this new strategy is to link up
with more social media driven brands, like Kim and Kylie's.
Earlier this year, Coty Inc. bought 51%
of Kylie Cosmetics for $600 million,
and just this week news broke that Kim sold 20%
of KKW BEAUTY to the company for $200 million.
But these deals were actually pretty concerning
for SEED BEAUTY, which partnered with
Kylie since her line started back in 2016.
Doing things like taking care of logistics,
manufacturing, development, storage, distribution,
when you say it like that it sounds like
they literally did everything.
SEED are also taking on the same responsibilities
for KKW BEAUTY, when Kim launched a line back in 2017.
But now SEED BEAUTY is worried that Coty
has and will continue to get access to secrets
that make SEED a strong force in the beauty industry.
Which is why on June 30th, SEED BEAUTY filed
a civil lawsuit against Coty and King Kylie,
which is the LLC behind Kylie Cosmetics,
to prevent the misappropriation of trade secrets.
So the lawsuit is saying that because
of Coty's inability to quote,
"Successfully compete in the new digital cosmetics world
through its own innovation, the company has engaged
in a plan to steal the secret sauce
behind SEED through its deals with the sisters."
The suit claiming,
"Coty made a $600 million investment in King Kylie,
but it really was a subterfuge to learn
SEED's confidential business methodologies."
With the suit also alleging that
Kylie Cosmetics knowingly shared
SEED BEAUTY's confidential intellectual property,
and Coty knowingly accepted that information.
Now, notably the complainant is highly redacted,
so it doesn't actually specify the secrets
that SEED wants to keep private,
but it could include things
like information about product formulations,
information about the businesses core operations,
and the structure of its partnerships according to Forbes.
SEED also said that it asked Kylie Cosmetics and Coty
to not share or use their trade secrets several times,
but both refused to assure them that they wouldn't.
So now, SEED BEAUTY is asking the court
to permanently bar Kylie from disclosing its trade secrets.
Also asking the court to force Coty
to promise not to use information
that it had already allegedly acquired.
And it also wants Coty to be prevented
from developing any color cosmetics
with Kylie Cosmetics for a period of time
that was redacted in the suit.
Right now it's not just Kylie,
SEED filed a similar suit against KKW BEAUTY
in anticipation of their deal with Coty.
Notably, we've also seen KKW BEAUTY
then filing an opposition to that lawsuit, claiming that,
"SEED's legal action was an attempt to stifle
the success of the Kardashian-Jenner family."
Also arguing they did not share any trade secrets
with Coty and requested that the court compel arbitration.
Saying,
"The purported harm to SEED is entirely speculative,
unfounded, and already complete."
And adding by contrast,
"KKW stands to suffer comparatively more significant harm."
But ultimately the court granted the temporary order,
barring KKW BEAUTY from sharing information
until August 21st.
But still that court order didn't stop
Kim and Coty from striking a deal,
which was formally announced on June 29th.
Now I will say personally when I look at this story,
I end up wondering what could these trade secrets really be.
And to a certain degree I'm probably being ignorant here,
but it feels very much like you took
some of the most famous people in the world,
you have a website, which I imagine might be
a Shopify experience and then you send out product,
all while whenever possible going directly
to the consumers, so it's not complicated.
But also looking around seeing what people are saying,
it appears that SEED as well known
for their speed and efficiency,
thanks to what they call a unique business model.
The company is also known for
their own massively successful line, ColourPop Cosmetics.
As well as actually someone that we talked about this week,
their partnership with YouTuber, Tati Westbrook,
for her new cosmetics line.
But yeah, ultimately that's where we are.
Neither Coty or Kylie Cosmetics have
yet formally responded to the lawsuit,
or issued a public comment,
and so for now we kind of just have
to wait and see what happens because
the first court hearing is not scheduled until October.
And from that, I wanna share some stuff I love today.
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And the first bit of awesome today is
Bethesda and Amazon Studios today teased out
a brand new series that says
it will bring you the world of "Fallout".
And my initial reaction to this is,
"Hell yes."
And also,
"Please don't suck."
Games, to movies and shows don't always
have the best record,
but I always try initially to remain hopeful.
Then we got Claire Danes and Damian Lewis
on "Actors on Actors",
then we had Brie Larson on "Hot ones".
Also, she created a YouTube channel.
Then "The New Yorker" gave us a behind the scenes
with the "Hamilton" stage hand who told stories with lights.
Also, I will say, as of tomorrow,
I will shut the hell up about "Hamilton".
I know in the past two weeks I've been talking
about it so much that it feels like I'm acting like
it's a personality trait to like "Hamilton",
but I am genuinely excited.
Then we got a trailer for,
"Into the Dark: The Current Occupant".
And if you wanna see the full versions
of everything I just shared, the secret link of the day,
really anything at all, links as always
are in the description down below.
And let's talk about a pretty damn massive update
to the Jeffrey Epstein case,
which is today's arrest of Ghislaine Maxwell.
Now, given the nature of this story,
this whole video unfortunately will likely be suppressed,
but it is incredibly important for us to talk about.
And so in case you need a surface level refresher here,
Epstein was an incredibly wealthy financier
who was part of many well connected
and powerful social circles.
And last year he was charged
for allegedly sex trafficking minors
in New York and Florida.
Now, before that back in 2008,
he had actually been convicted in Florida
for procuring a minor for prostitution.
He's also had a long history of this alleged behavior.
Many women saying that he groomed them
when they were as young as 14 years old.
Now he was facing charges last year,
but in August he was found dead in his jail cell,
with authorities declaring it a suicide.
Though his lawyers along with many,
many people questioned that.
With many believing that he may have been killed,
given how many powerful people he was connected to
that he might also implicate.
But all of that brings us to Maxwell,
who is a British socialite, and Epstein's friend
and girlfriend for some time.
She has also long been accused of aiding
Epstein and sex trafficking minors,
though she has consistently denied this.
But also of known, after Epstein was charged back in 2019,
she pretty much went MIA.
You know, you had all these reports
speculating her whereabouts,
but that there was nothing super concrete
until this morning.
Because that is when we learned that
the FBI had actually arrested her in New Hampshire.
You know, this is a massive deal because
it feels like it's a long time coming,
the accusations against her are substantial.
But the indictment against her,
which was just unsealed today claim,
"Maxwell assisted, facilitated, and contributed
to Jeffrey Epstein's abuse of minor girls,
by among other things, helping Epstein to recruit,
groom and ultimately abuse victims known to
Maxwell and Epstein to be under the age of 18.
The victims were as young as 14 years old
when they were groomed and abused by Maxwell and Epstein,
both of whom knew that certain victims
were in fact under the age of 18.
With that continuing, moreover,
in an effort to conceal her crimes,
Maxwell repeatedly lied when questioned about her conduct,
including in relation to some of the minor victims
described herein when providing testimony
under oath in 2016."
And today during a press conference,
you had acting U.S. Attorney Audrey Strauss further adding.
- Maxwell lied because the truth as alleged,
was almost unspeakable.
Maxwell enticed minor girls, got them to trust her,
then delivered them into the trap
that she and Epstein had set for them.
- And the details as to how she allegedly procured
these girls for Epstein, they're incredibly upsetting.
And in some cases, they also alleged that
she to some degree participated in the sexual abuse.
With the indictment claiming that Maxwell would attempt
to befriend these minor victims, ask them about their lives,
and then she and Epstein would spend time with them
by going to the movies or shopping with them.
And some of these outings would involve both
Maxwell and Epstein with the girls,
in other situation, the girls one-on-one with them.
"And then having developed a rapport with the victim,
Maxwell would try to normalize sexual abuse
for a minor victim by among other things,
discussing sexual topics, undressing in front of the victim,
being present when a minor victim was undressed,
and/or being present for sex acts
involving the minor victim and Epstein."
And the indictment alleges that,
"Maxwell's presence during these interactions
helped put the victims at ease
because an adult woman was present."
And then providing examples, like,
"Maxwell massaging Epstein in front of the victims,
or even encouraging the victims
to massage Epstein themselves.
Many of those massages involved a minor
being nude or partially nude,
and then led to Epstein sexually abusing them."
With the indictment claiming that this happened
at Epstein's residences in New York,
Palm Beach, New Mexico, and London.
So now Maxwell has been charged with six counts,
including enticement of a minor to travel
to engage in illegal sex acts,
transportation of a minor with intent
to engage in criminal sexual activity.
Two conspiracy charges related to both
of those and two perjury charges.
With the indictment claiming that these crimes
were committed between 1994 and 1997.
But some reports also indicate that Maxwell partook
in this alleged scheme for much longer.
And as I'm recording this video,
she is expected to appear in front of
a federal court at some point today.
And so now this is the situation that we have our eyes on,
and we have to wait to see what happens next here.
I mean they're both, in one information comes out,
do we see other players that have been mentioned
in this scandal doing anything?
You know, for example,
we saw acting U.S. Attorney Strauss saying this.
- We would welcome Prince Andrew coming in
to talk with us, and we'd like to have
the benefit of his statement.
- Meanwhile, you have CNN Breaking News saying,
"Prince Andrew's legal team declines to comment
on the arrest of Jeffrey Epstein confidant,
Ghislaine Maxwell."
Noting,
"The Prince face his allegations stemming
from his relationship with Epstein."
You can also tell as far as the public is concerned,
there is not a lot of trust in the system.
I mean, noting that there needs to
be multiple cameras on Maxwell at all times,
in case she just randomly pops up dead.
And also now with Maxwell arrested,
do other people end up getting implicated?
It's gonna be a very interesting one to watch in general,
but also, you know, it continues the bigger conversation
of the women here, the victims in this situation,
will they finally get some sense of justice?
And then let's talk about jobs in America.
And in part we're talking about this
because it is Thursday, a day that has just been very bad
for the past several months.
It's the day that we get new unemployment numbers,
but also because it is now July,
that means the Bureau of Labor Statistics,
otherwise known as the BLS,
released updated unemployment numbers for the month of June.
But those numbers actually showed that
the United States gained 4.8 million jobs back
in June with the unemployment rate falling
to 11.1% from 13.3% back in May.
So with this, we saw Trump touting these numbers
during a press conference this morning.
- I'd like to just announce the spectacular news
for American workers and American families,
and for our country as a whole,
there's not been anything like this, record setting.
Today's announcement proves that our economy
is roaring back, it's coming back extremely strong.
This is not just luck what's happening,
this is a lot of talent.
All of this incredible news is the result
of historic actions my administration
has taken working with our partners in Congress
to rescue the U.S. economy from a horrible event
that was formed, took place in China,
and came here and they could have stopped it.
They could have stopped it.
- Okay, so there is a lot going on there,
but for the sake of this story
and keeping the focus on unemployment,
I wanna first talk about Trump's claim
that the jobs gains that we are seeing are record setting,
that is something he said over
and over again during the press briefing.
But you also had a lot of people noting that
the only reason that we're seeing record breaking jobs gains
is because we've been seeing record breaking job losses.
And that also includes people in Trump's administration,
like treasury secretary, Steve Mnuchin.
Who at the same press conference acknowledged
that the unemployment is still extremely high
by historical standards, right?
I mean, through this pandemic,
we've seen unemployment rates similar
to that of The Great Depression.
And even now unemployment is still the highest
it's been since World War II, right?
There are still over 17 million Americans unemployed,
according to the BLS report.
And while it of course is true that
we gained 4.8 million jobs back last month,
we have also seen more than a million people filing
for unemployment every single week in June,
including this last week where we saw
1.4 million new claims.
And when you in fact dig deeper into the BLS data,
there are a number of factors that still show
that Americans are really hurting right now.
For example, while a number of people temporarily
laid off decreased by 4.8 million,
the number of permanent job loss
has actually increased last month,
rising by over half a million to 2.9 million total.
As The New York Times explains,
"That suggests that even as many laid off workers
are finding work again following shutdown-era furloughs,
others are losing their positions altogether."
And so this idea that we're adding new jobs
to the economy was also something we saw
a lot of people talking about on Twitter.
Saying that we aren't exactly adding or creating new jobs,
some people just went back to the jobs
they previously had before the shutdown.
We all saw a lot of people comparing
the unemployment rates of black people
and other people of color to that of white people.
And likely we saw people doing this
because we saw Trump's saying during the press conference.
- African American workers really happily
for me made historic games with 404,000 jobs
added last month alone, and that's a record.
Likewise Hispanic employment is up
by 1.5 million jobs a record by a lot.
- But when you actually look at the BLS data,
minority unemployment has consistently remained higher
than white unemployment, especially for black people.
In fact, according to Reuters,
the gap in U.S black and white unemployment rates
is the widest that it's been in five years.
With that report explaining,
"Jobless rates for both groups fell in June,
but the rate for whites came down at a much faster rate.
The white unemployment rate fell 2.3 percentage points,
to 10.1% from 12.4%.
While the rate for blacks dropped 1.4 points
to 15.4% from 16.8%."
And while unemployment fell for both groups in general,
the unemployment rate specifically among black men
over 20 actually rose from May to June,
growing from 15.5% to 16.3%.
And while the discrepancy between black
and white unemployment was the most significant,
looking at the numbers white unemployment
is still quite a bit lower than Hispanic unemployment,
which was 14.5% last month, as well as Asian unemployment,
which was 13.8%.
And as Gary Burtless, a labor economist
at the Brookings Institution explained,
"Disproportionately, the layoffs have been
in lower wage occupations in lower wage positions.
This has disproportionately affected
African Americans and Hispanics."
Right?
But also the thing I wanna hit on,
the data from the BLS is only part of the picture.
And that's because as the government has said,
it is impossible for them to 100% accurately measure
all of the job losses that we're seeing,
because this is so unprecedented, right?
This for a number of reasons,
but even when you try to make comparisons,
it's not like any other downturn
we've ever seen because it happened so fast.
Usually for a recession, a depression,
it happens over a long period of time,
but we're seeing just wild numbers
because of what happened, right?
And even regarding the numbers,
the BLS has said that they also believe
that the official unemployment rate is actually 12.1%,
which is a whole percentage point higher.
And this is because of a problem
with our data collection methods,
but it's also not the only problem with this data.
Arguably the biggest issue is especially given
Trump using this data to claim how good
the economy is doing is that the data in this report
was taken the week ending June 12, right?
And what we've seen since then is a number
of states shutting down businesses once again,
in response to the massive spike that
we've been seeing in Coronavirus cases, right?
Just last week, Florida and Texas have closed bars,
California has stopped indoor restaurant dining
and closed movie theaters and bars in most major cities.
And Arizona has shut down water parks and gyms.
And remember, these are just some of the closures.
In addition to some states renewing their restrictions,
there are numerous other states that
have postponed their planned reopenings.
And according to The Washington Post,
some workers are now getting laid off for the second time,
with millions of workers being sent home amid the spikes.
I mean, just today we saw the U.S. reporting
a new record of 50,000 coronavirus cases
on a single day, right?
Which means according to public data,
new cases have risen a whooping 50% in the last month.
And so with those numbers rising,
states with huge economies like Texas
and California reimposing restrictions,
many economists are worried that
we're going to see more layoffs.
And at the same time with states like
New York delaying their reopenings,
there are also now concerns about the people
who were originally set to go back
to work in the next phases, right?
So not only will the economy be hurt
by people being laid off, it'll also be hurt
by the fact that there is a whole wave of people
who are supposed to go back to work and now can't, right?
And that was something that was put really well
by Betsy Stevenson, who was a member of
Obama's Council of Economic Advisors, who said,
"The virus drives the economics."
And adding that,
"If cases continued to rise as expected,
we're not going to have people going back to work.
In fact, we're going to see more people staying home."
Right?
I think that's an important thing to remember,
because I think there are a number of people out there
that think that it's a choice between the economy or health.
The situation and the numbers we're seeing
is also the reason that I will always
be incredibly annoying about just asking people,
if you are gonna go out, please wear a mask.
It's not a political issue, you're not being oppressed.
It's the thing that allows us to get closer
to true freedom faster than the alternative.
But ultimately we're gonna have to keep our eyes on
the situation because once again, it doesn't show us
what we're actually experiencing right now.
Meanwhile, it is also important to note
with more people expected to lose jobs
as states reimpose restrictions,
the additional $600 a week in unemployment benefits
that was passed during the CARES Act
is set to expire at the end of this month.
And while the house stimulus bill would renew
those benefits until January,
Senate Republicans and specifically,
Mitch McConnell has said that they will not extend them.
Though, we have also heard from Trump
that he supports another round
of direct payments to Americans.
Really what I would say in this situation
is everyone can say whatever they want,
it ultimately comes down to actually making legislation
and actually voting on things.
Earlier this week, McConnell did say that
the Senate will consider another stimulus package
at the end of the month.
And while right now it is unclear what that would include,
or how it would compare to the house bill,
which McConnell notably has said,
"It will be dead on arrival.
Expanding the unemployment benefits
is already expected to be a major hangup."
So we'll see, and if there is a place that I can end this,
you know, the other day, I don't know if you saw the clip.
You had Rand Paul seemingly criticizing
Dr. Fauci for a number things, but saying,
"We just need more optimism."
which I would say you can put all the whipped cream,
the cherries, the sprinkles you want on a piece of shit,
but it's still not gonna be a sundae.
There is a very real and serious issue here,
and just because we want things to be better,
doesn't mean it automatically becomes that way.
It seems like more and more people are angry
about the results that we are not getting
from the work that's not being put in.
And at the end of the day, who suffers?
The American people.
Some of which are hurting themselves
and their family inadvertently,
because the people that they look to
have among other things made the mask situation
into a political situation, some feeling like it's unmanly.
And it brings me no joy when
I see situations like today, Herman Cain.
Less than a month after Herman Cain tweeted out,
"Don't believe the scare stories,
a serious look at the numbers tells you
there's no second wave starting."
You also had Herman Cain tweeting out yesterday,
"Masks will not be mandatory for the event,
which will be attended by President Trump,
people are fed up."
And then you have his Twitter account today announcing,
"We are sorry to announced that Herman Cain
has tested positive for COVID-19,
and is currently receiving treatment
in an Atlanta area hospital."
How many times do we need to see a version
of this story happen before we take it serious?
But for now, that is where I'm gonna end this story,
and of course pass the question off to you.
What are your thoughts on what we're seeing,
and also, how have you been impacted right now?
Have you lost your job?
Have you been hired back?
Are you one of the people that lost your job,
got it back, have lost it again?
I'd love to hear from you.
I know that a lot of people
are experiencing a lot of different things,
and we don't learn about that unless we talk about it.
And that is where I'm going to end today's show.
And once again, thank you for being a part of
these daily dives into the news, whether you're watching,
you're liking the video, you're sharing it,
you re taking part in that conversation down below,
I appreciate you.
Also, if you're new here
and you wanna join the family,
hit that "Subscribe" button,
tap that bell to turn on notifications,
making sure it looks like this,
otherwise you might miss some.
But with that said, of course as always,
my name's Philip DeFranco, you've just been filled in.
I love yo faces and I'll see you next time.
- I hope you like video, subscribe if you like it.