YouSaid · the spoken record

Stephanie Ruhle

lines on the record: 91
first: 2019-11-06
most recent: 2019-11-06
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Her perspective is something that gives me hope, actually, in terms of the hate on the rise. I think it's also connected to giving a shit about one another, right? In New York City, my mother, who lives in New Jersey, knows my neighbors much better than I do. And other people I'm sure have talked to you about this, you know, in Washington, when things changed 20 years ago and people stopped moving their families to DC, my husband is from D.C. And when he went to school, he went to school with lots of kids of Republicans and Democrats, you know, you could fight all day long on the hill, but when you go to the same grocery store and the same cocktail party, you connect as humans. That humanity is gone out of politics.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“100% I mean, we kind of got into it, but there wasn't really a point. And I'm leaving out a decent amount of curse words that were in there, and my kids were sort of returning to the table. And, you know, we kind of ended it there.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“You're talking about a world that revolves around economics, the economic issues. Because really, what that woman was talking was economic issues. Absolutely. And it's being morphed into a fear-based thing of you're not getting yours and someone else's. That's the second drop. You're not just not getting yours, but someone else is taking it off of you.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Because I think there are a lot of people out there who aren't hateful. I think they're hopeless. And income inequality is a huge His plain lands, they set up a tent next to his plane, they shoot some t shirts and hats out of cannons, and it gets right back on the plane and leaves. So he actually said to those people, I am going to solve this for you. And they believed it. The truth is, he's not, I mean, the amount of small farmers this year that are going to go bankrupt”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“But I'm saying that's a person who's struggling. Who is trying to get by? And it falls into that, because I remember thinking, why did that deplorables thing? Like, there are tons of Trump supporters who are deplorable. Like, why did that matter so much?”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Said, I'm a single mom with grandchildren. They have special needs. They need social services. Nobody answers the phone. And she said, she made an immigration dig. Oh, she said, I bet you raised money for charities in New York. And she said here, we don't have any of that. She goes, not like the sisters do. And so then that was like her thinly veiled racist remark. So, all the things she was saying throughout at the face We're racist, we're ignorant that you would quickly say all of these things about her. But then she said And these grandchildren of mine, they're not washing up on shore on a boat. She said, My story isn't ugly enough to be in your newspaper, but I'm not pretty enough to go to your house for dinner.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And I said, Oh my gosh, I said, I absolutely don't. Why would you think that? And I said, And what is it about President Trump that you like so much, his policies? She goes, I don't know anything about his policies, but I know he came to see me. I know he cares. Nobody else came. And then she said, where you live? And she totally played me. She said, do you have charter schools where you live? And I said, yes, my husband here. He's the board chair of a charter school in Brooklyn. She goes, here we have the worst schools in New York State. Nobody cares. This restaurant gives me enough hours that I can't get a second job, but not enough that I can get health care.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“It's amazing. And the owner said one of our waitresses would like to come talk to you. Can she come over? So my kids left the table and I said, sure. She goes, I want to tell you why I love President Trump. I said, great, sit down. She said, I love President Trump because he loves me. And she said, and you, you think I'm white trash?”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And couple that with all the people in our lives who aren't going home for the holidays, are defriending their best buddy in high school. And I'm saying, if we're not talking about important cultural issues, there is no progress. And we are changing culturally. Like this is a huge moment of progress. But if we keep holding up in our echo chambers, like progress is going to die. He was just talking about Alexis. And I met a woman a year and a half. I think about her all the time when I do my show. I'm in a dude ranch in upstate New York with my husband and kids. And”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“That's true. And listen, we've got podcast fever. But over the last year, I felt like more and more, even my TV guests during the commercial break would say something. What I thought was like the smartest thing they said in the hour. And they'd go, well, I wouldn't say that on TV. Or now that we've gotten into this aggressive cancel culture. Business leaders who I respect who I know well because I probably go see a C suite type of person once every two weeks just to check in and see what they think is most important, what breaks through. And over and over, I keep hearing people saying, I just don't want to engage anymore. It's not worth it.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“It is not the thing. And listen, if you do it wrong, it's like a tree falling in the forest. So that could be the case. I just felt over the last two years.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“For welfare. Okay? Like when they talk about Ellis Island and the Statue of Liberty, we didn't have Social Security back then. Like, that is what I think we can focus on. And it gets missed in this, oh my God, let's just set our hair on fire over some nonsense, he said.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“I'm just sick and tired of immigrants coming to this country and immediately going on welfare. And here's the thing. That line that sentiment, that actually resonates with a lot of people outside of his base who are going, you know what? I got crappy health care. You know, my kids don't go to good schools. But here's the thing. The majority of immigrants who come here are not even eligible.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Not just America first, me alone, misogynistic, racist. And I think that all of those people deserve better. And when I look at, for example, Democrats, I think, and I've called six different candidates and said, I really think you should have three people on your team sitting there fact checking the hell out of the president every minute of every day and getting that content out there. Think about, I remember it was right after, I don't know, there was like a few horrible things around immigration that was just humiliating for Republicans who had to stand with the president. And I remember he went to the podium one day and he said, you know.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“So, for everything I make, and I'm not saying I succeed at it, my goal at the end of every segment does this content help our audience get better and smarter? Because I actually think that every person out there, that's what they're trying to do. And I think they're just trying to take care of their families. Like, I don't even think America first is such a terrible concept because in truth, I think a lot of us run our families that way, right? I take care of my family and in my excess capacity, I take care of others. The sick and demented thing is that the president has aborted that idea of America first into this twisted.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“I don't bring anybody on TV who I don't respect. And I don't bring anybody on who I think is just a liar And again, so maybe that is a long term play for me because you get lots of headlines when you have these battles on TV I have less and less of them. Listen, I'd love to have people from the administration on, but I only want to have people on who actually work on policy. Somebody who's gonna come on our air and just push nonsense, I'm not gonna give my air to because we did make that or I made that mistake in 2016. And there were surrogates that came on my air that pushed so many lies. I mean, it would be like, let's say we sat down for an interview. The moment the cameras are rolling, you're telling me that the sky is green and the grass is blue. And you can't combat all of those lies and they make their way through.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“All right, so you spend a lot of time doing that and you quiz business leaders. And one of the things you're known on the shows for being very tough in your interviews with people. So are you. Yeah, I know that, but that's.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“We need to keep asking every single day, with the exception of certain pocket industries like real estate and people who are asset holders like the stock market, I don't see that much evidence that people are better off. And that is a huge focus for me.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And when we keep saying that angry Trump voter, that disgruntled voter, there's a lot of quiet Trump voters out there that shadow voter who feels like I'm getting screwed by the system. And certain parts of the media, and I'll say conservative media, preys on that insecurity and says your son isn't going to get into college. Corporate America is being taken over by angry women. And that great son of yours, he might be accused of sexual assault. That's a false narrative that's out there, but it's a real narrative, and we need to talk to every voter and every person out there because the question that got Ronald Reagan re-elected, are you better off?”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Coastals were getting richer, and really, it's like the richest of the rich because 70% of our country, I don't just mean poor people, feel like they're struggling. So, right here in New York City, you could say, well, these are the coastal elites. There's a ton of people here who are struggling because the world has gotten super expensive. If you and I both grew up in New Jersey, if you grew up, if you were in New Jersey right now and you had a traditional nuclear family and let's say one parent is an engineer and the other parent stays at home or has a small job, and let's say you make $150,000 a year, you can't afford to send your two kids to school.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it's definitely through an economic lens because Don't think things are as divided. The media does a brilliant job, especially social media, of dividing and capitalizing on the divisions. And there is definitely a universe and a universe of cable news viewers who are members of the resistance or their hardcore trumpers. And I probably, I'm not the favorite of either one. But I think if you stick to numbers, that's the best place to expose the president. The president calls himself the pro-business guy, the transactional president, Mr. Economy. He's actually not. If you look at legislative agenda, with the exception of a record tax break, he hasn't done much. And growth in this country is exactly where it was.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“So that's okay. That's good. I do want to talk about that because I want to know a lot about economics. The focus of your shows are primarily on business leaders. Well, no, I mean it's politics, politics.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“He's not breaking the law. And so, like, for me, I remember last week watching Mark Zuckerberg's testimony thinking whether he did good or bad, and I have views on that. Looking at all the headlines going, lawmakers are grilling him, lawmakers are giving it to him. My frustration was giving it to him. That would be like me annihilating my kids for not doing their homework when I didn't register them into school. The government's job is to set the rules. They have not set the rules for these companies It is CEO's jobs to serve their employees, their shareholders, and their customers. Now, whether you're talking about the business roundtable or other business leaders saying, well, we need to do more for our employees now. I'll believe it when the rules change.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Because it was right then, I felt like I watched the Trump voter be born. Because unless you are an asset holder, right, in a major coastal city since the financial crisis, huge pockets of this country did not improve. And when you talk about income inequality, we've been talking about it for 10 years, but nobody's really taken it on because it's really complicated. And so if you were somebody who lost your home in the subprime crisis, if you worked in the auto industry. Things didn't improve for you. They improved for you if you were an executive. And we're looking more and more, not this capitalism versus socialism, but capitalism in its current form isn't working perfectly at all. But we keep blaming the CEOs. It's like blaming Zuckerberg. And I'm not saying Zuckerberg's a great guy. But Zuckerberg is actually doing.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Yes, not CNBC, but more what they listen, business news focuses on markets. And there's a humongous difference between markets and the economy. And I actually remember I was still at Bloomberg at the time. President Obama in his last state of the union address. Said, and I'm not going to get my words exactly correct. He said. Been an extraordinary economic recovery, and anyone who says we are not on the rise is peddling lies. I remember that like it was yesterday.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Right, you do. So talk about what you're trying to do there because you're in the midst of, you know, I want to get to cable right now, what it's like and the political atmosphere, but you focus in on business and sort of not CMBC, but like that.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“I wasn't sure if it was the right move for me because I love business, I love the content. It'll always be what I'm most interested in. But it's small and it wasn't gonna grow. And so I thought, let me take this leap. And when I joined, I joined to do the Saturday Today show and an MSNBC show. And I remember thinking, like, I don't know anything about politics, but we'll see. And I was working six days a week. And after six months of doing both of those, kind of my personal life was falling apart. Three kids at that point? And working six days a week just doesn't work. And so I left doing the Saturday Today show and focused on MSNBC because things were getting crazier and crazier. And then I started doing a second show. On MS. And even at MS, we're completely politics and breaking news. But I do have definitely an economic focus.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I was the audience, so it was much easier for me. I then moved to NBC. Andy Lackett, I knew each other really well. I moved to NBC three years ago, and I knew nothing about politics. So I would say sort”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, at Bloomberg was a much easier transition for me than NBC. Because they focused on the whole game is who's the audience? I knew the audience.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And I remember like, so we did, he and I didn't talk about it again. And then as the story was breaking, all of a sudden people, like my own former desk, because I mean, it destroyed people's businesses. We were so pissed at me like I was a traitor. And I said to him, I'm like, Oh my God, like, I'm so sorry. And he said, listen, if you don't cover this story, then you're a loser. What was the point in you doing this? Like, you should be ashamed if the thing you know best you're not doing.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And this guy was at JP Morgan. And I remember the first day someone had sent me a Bloomberg message. You know, that's like an instant message or a text that said there is a trader in the market whose positions are so big, they're so outsized, he cannot get out of this without destroying the market. And I came home from work, and my husband's standing in the kitchen, and I said to him, Oh, hey, do you know this guy named Bruno Ixil? And I saw his face just go white. And he said, I got to call my compliance department and I got to go for a run. And he left the house. And so I called Bloomberg and I'm like, I think we might be on to something here. Because also at that point, several media organizations were like swirling around it.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“And so, yes, it was a big ask, but I was saying, listen, you could fire me at any time, it'll cost you almost nothing. And they were like, we're Bloomberg, sure. Andy Lack said, let's do it. And then it was almost just luck, but a few months into it, I was part of the team that broke a story that's now known as the London Whale, which was sort of this huge, disastrous, multi-billion dollar loss at JP Morgan. And for me, it was like a crash course in journalism. And it was sort of personally devastating in that this trader that lost billions of dollars for JP Morgan was in the exact business that I was in. And the other person who's in that exact business was my husband. So, my husband was one of this trader's counterparts at Credit Suisse.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, Bloomberg's not a media media organization. And also, the name of the game in business TV, to be honest, is Bookings. And tons of those people in the investment community that they wanted to have on air was my community. Right.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“There was a woman who ran human capital management, essentially H.R. at Bloomberg. And I said, I've always wanted to work in media. I said, since the crisis, banking industry has failed to tell their story. It's pathetic. I mean, finance fuels the American dream and they're failing at finding their new path. And she said, you know, I saw you speaking earlier and I thought you'd be great on TV. I'm going to introduce you to Andy Lack, who now runs NBC. But at the time ran Bloomberg. And I met him and he said, in the New World, the media, you don't need to know how to be on TV. You need to know content. Love the content. And the audience has to care about you. And I said, I have no idea if I'm number three, but I'm definitely number one and two. And it was a huge leap for me to leave my career. And I said, you can hire me for nothing. For the lowest amount of money is anyone in this building. And you could fire me at any time. But I need you to give me a show to anchor and hire somebody to teach me how to be on TV. Most people try.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Derivatives products, it was going to be bad after the crisis. But I actually thought more about it at that point, I had two kids. And I thought, I don't want to have a job. I want to have a career. Because if you're going to be away from your children that much and your rent is already paid for, you got to be doing something of impact. And I used to do some TV as a guest, but one day I was giving a speech for a nonprofit called The White House Project, which I was focused on getting women across industries to really senior levels. And the founder had the board having lunch. And she said, women in minorities always get lumped together. Women and minorities. She said, but if you take the 50 most powerful black men in the United States, they do way more for each other than women do. We're not out to get each other. She said, you know, once a woman gets on a board, she's like, great, I'm all set. She's not saying to the rest of her network, Kara, what do you want to do next? Let me help you. And she said, everybody here is senior in your field, you each need to say what you want to do next. And someone else at the table has to get you there.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Not dissimilar to a lot of other businesses, I figured if I go into a business that's not mature, that's brand new, there'll be no one with more experience than me. If you just go into corporate bonds or high elder equities, there's a million 50-year-old guys. And I thought, why don't I get into a business that barely exists? So I kind of rode that wave. The financial crisis happened. And after it did, I mean, A, if you were in.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“So I started writing letters to, I'm like, oh, maybe I'll go work at a bank. They have banks all around the world. I mean, that's truly how it started. So I wrote letters to Lehigh alumni. I got a job with Merrill Lynch, and I was supposed to go work in Switzerland, but before the summer started, the team had all quit. And they said, well, you can go to New York for the summer. So I show up at Merrill Lynch in New York. I was from New Jersey, so it was fine. And, you know, it was like a typical back office horrible documentation job. And one day I had to deliver something onto the trading floor, which looks the same as a newsroom, right? So if you love a newsroom, the adrenaline, the excitement, you know, news happening around the world when you're sleeping affects your day, then you're going to love it. I met two guys who are interest rate derivatives traders. I didn't even know what that was. And I pulled the, hey, if I come in early and stay late, you teach me what you do. They said yes. And that was kind of, you know, kind of like the rest is history. I ended up going to Credit Suisse right out of undergrad. I fell into the derivatives business really early because I figured probably...”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Even that was by chance. I went to college originally to study engineering. And after a semester, I decided I didn't want to be an engineer And I had an older sister that was graduating from architecture school And I said, I guess I'll transfer. And she said, No, go abroad. Go abroad for as long as you can because she was just starting work. And she said, once you leave school, you get two weeks off a year and it's game over I went and I found the dean of the School of International Business, and I said, Can you help me figure this out? So I left for the next two and a half years and I went to Kenya, Guatemala, Costa Rica, and Kenya And Italy was the last place where I was studying, and I wanted to stay in Europe, but I had no money left.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“I actually ran the credit derivatives business at Deutsche Bank, which is just a few doors down from where we are right now. It kind of gave me the chills when I came down here. And as I said, so I was in banking for 14 years, but I was always interested in the media kind of thing.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“It is. I don't have a politics background. I really don't have a media background. I spent 14 years in investment banking.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT
“Thank you. Thank you. So, anyway, so tell me about, like, give people your background, how you got to MSNBC, because you focus in on business, you focus in on power, you focus in on tech, media. I do. You've a lot more than on MSNBC, which is highly, much more political. Anchors are much more political. It is.”
2019-11-06 · Decoder with Nilay Patel · Recode Decode: Stephanie Ruhle · IDENTIFIED FROM THE TRANSCRIPT