1 00:00:25,280 --> 00:00:29,519 Speaker 1: And Hi, how are you welcome to the Big Podcast. 2 00:00:30,440 --> 00:00:34,439 Happy Friday to you. Today is the fifth day of September, 3 00:00:35,079 --> 00:00:37,640 Year of Our Lord, twenty twenty five. My name is 4 00:00:37,679 --> 00:00:43,640 Tom Sullivan, and there's a million places to start today, 5 00:00:43,759 --> 00:00:48,600 but I thought we would start with the Department of War. 6 00:00:49,799 --> 00:00:53,000 That's right, the Department of War. I mean this is 7 00:00:54,079 --> 00:00:59,840 a President Trump signed an executive order today that created 8 00:01:00,399 --> 00:01:06,680 the Department of War. And it's interesting because that was 9 00:01:06,719 --> 00:01:10,439 the original name. In fact, if you go back, you 10 00:01:10,519 --> 00:01:14,280 go back, no, no, long before World War Two. This 11 00:01:14,599 --> 00:01:20,920 was designated the War Office during in seventeen seventy eight, 12 00:01:20,959 --> 00:01:24,120 so we're talking about the Revolutionary War. That's when they 13 00:01:24,159 --> 00:01:31,760 adopted the War Office, and the term War Office used 14 00:01:29,359 --> 00:01:35,879 the war of our Revolutionary War for many years after, 15 00:01:36,840 --> 00:01:40,200 and it was associated with the headquarters of the Army. 16 00:01:41,239 --> 00:01:45,079 I know little history here. So then after World War Two, 17 00:01:45,159 --> 00:01:47,680 so it stayed all the way from seventeen seventy eight 18 00:01:48,280 --> 00:01:52,719 until nineteen forty seven, and the World War two was 19 00:01:52,840 --> 00:01:57,719 over and the National Security Act of nineteen forty seven 20 00:01:58,599 --> 00:02:05,560 established a national establishment later renamed the United States Department 21 00:02:05,640 --> 00:02:10,520 of Defense. It was an executive order signed by President 22 00:02:10,680 --> 00:02:16,199 Harry Truman assigning the primary military functions to the Department 23 00:02:16,240 --> 00:02:19,240 of the Army and the Department of the Air Force. 24 00:02:19,520 --> 00:02:23,479 They yeah, the War Department was split into those two, 25 00:02:24,680 --> 00:02:28,639 and well, here we are bring in a President Trump, 26 00:02:29,400 --> 00:02:33,879 who I'm sorry. I always thought the President Trump was 27 00:02:33,919 --> 00:02:37,879 the most anti war president that we've had, maybe ever. 28 00:02:38,680 --> 00:02:41,639 But here's the president this afternoon in the Oval Office. 29 00:02:42,199 --> 00:02:44,639 Speaker 2: We won the First World War, we won the Second 30 00:02:44,680 --> 00:02:48,360 World War, we won everything before that and in between, 31 00:02:48,400 --> 00:02:50,479 and then we decided to go, wo, can we change 32 00:02:50,479 --> 00:02:53,039 the name to the Department of Defense? So we're going 33 00:02:53,080 --> 00:02:53,960 Department of War. 34 00:02:54,199 --> 00:02:58,520 Speaker 3: The War Department is going to fight decisively, not endless conflicts. 35 00:02:59,199 --> 00:03:02,719 Speaker 2: It's going to fight to not to lose. Really, it 36 00:03:02,719 --> 00:03:06,000 has to do with winning. We should have won every where. 37 00:03:06,080 --> 00:03:08,560 We could have won every war, but we we really 38 00:03:08,639 --> 00:03:12,639 chose to be very politically correct or woki. 39 00:03:13,840 --> 00:03:17,159 Speaker 1: I don't know if you can say President Truman was wokey. 40 00:03:17,919 --> 00:03:20,360 I mean, he dropped the bomb on two of them 41 00:03:21,159 --> 00:03:26,479 on Japan. So in any case, they're busy at the 42 00:03:26,520 --> 00:03:31,520 Pentagon scraping off the Department of Defense signs. And you 43 00:03:31,599 --> 00:03:33,039 heard just a little bit in the middle of that. 44 00:03:33,039 --> 00:03:36,960 That was the Secretary of War Pete Hegseth was making 45 00:03:36,960 --> 00:03:41,599 some comments. But it's fascinating because it's been started off 46 00:03:41,599 --> 00:03:45,599 as the Department of War, then became after World War 47 00:03:45,639 --> 00:03:49,560 Two the Department of Defense. And here we are again 48 00:03:50,240 --> 00:03:52,879 back to the Department of War, and people on the 49 00:03:52,960 --> 00:03:55,400 left side of the aisle, there's a bunch of them 50 00:03:55,439 --> 00:03:59,960 that are just who's that senator from Maryland van Holland 51 00:04:00,280 --> 00:04:04,280 having cows about all of this, going oh my gosh, 52 00:04:04,360 --> 00:04:07,759 what is Trump doing? Well, basically putting the name back 53 00:04:07,800 --> 00:04:12,840 that George Washington had put on that department, which brings 54 00:04:12,879 --> 00:04:17,120 up the matter of blowing boats out of the water, 55 00:04:17,720 --> 00:04:21,480 namely drug running boats from Venezuela. And there's a big 56 00:04:21,519 --> 00:04:24,680 debate going on about whether or not this is legal. 57 00:04:25,199 --> 00:04:27,800 Can we go do this? This is the same debate. 58 00:04:28,360 --> 00:04:33,680 If I may remind you that Barack Obama I started 59 00:04:33,680 --> 00:04:37,600 calling him the Obaminator because he used in the early 60 00:04:37,680 --> 00:04:41,279 days of using well they called them drones, but they 61 00:04:41,319 --> 00:04:44,839 were the size of an aircraft, but they would go 62 00:04:45,160 --> 00:04:48,000 he would the military came up with these and they 63 00:04:48,000 --> 00:04:52,439 would fly over very quietly over enemy territory and blow 64 00:04:52,519 --> 00:04:57,600 up bad guys. And one time there was a e 65 00:04:57,720 --> 00:05:00,839 mom who was born in the US of I remember, right, 66 00:05:01,360 --> 00:05:05,560 he recruited a lot of people for al Qaeda. He 67 00:05:05,720 --> 00:05:08,720 was anti American, he was an enemy of this country 68 00:05:08,720 --> 00:05:11,639 even though he was technically a citizen because he was 69 00:05:11,639 --> 00:05:15,160 born here. And he was found over with a bunch 70 00:05:15,240 --> 00:05:18,519 of other al Qaeda people in somewhere in the Middle East. 71 00:05:18,519 --> 00:05:19,959 I forget if it was a rock. I think it 72 00:05:20,000 --> 00:05:24,439 was a rock, not Afghanistan. And Obama ordered that he'd 73 00:05:24,480 --> 00:05:27,439 be taken out, and there was a huge debate never 74 00:05:27,600 --> 00:05:30,959 turned out to have any resolution about the fact that 75 00:05:31,040 --> 00:05:34,399 wait a minute, the president just killed an American citizen. 76 00:05:34,480 --> 00:05:37,480 I'm going no, this guy was an enemy of this country. 77 00:05:37,519 --> 00:05:40,519 I supported Obama on that, but a lot of Democrats 78 00:05:40,600 --> 00:05:42,360 that's about one of the few times that they ever 79 00:05:42,759 --> 00:05:46,600 criticized Obama on anything. So now we've got the same 80 00:05:46,680 --> 00:05:50,160 kind of argument going. You've got these drug running boats, 81 00:05:50,560 --> 00:05:55,480 we've got cartels, and this is the US military versus cartels, 82 00:05:56,360 --> 00:06:01,480 and they're doing drug running by boat, by airplane, by 83 00:06:01,680 --> 00:06:06,439 land and President Trumps standing up to them and saying, no, 84 00:06:06,560 --> 00:06:10,040 you're not going to do this. We are at war. 85 00:06:10,240 --> 00:06:16,160 They are a designated terrorist organization, and with that comes 86 00:06:16,199 --> 00:06:21,560 the authority. Apparently, let's start this with Marco Rubio, who 87 00:06:21,600 --> 00:06:24,480 weighed in on the drug running boat that we blew up. 88 00:06:24,959 --> 00:06:27,959 Speaker 4: What does the terrorist designation mean? It means that we 89 00:06:28,000 --> 00:06:32,199 can now number one, go after the money, the properties, 90 00:06:32,360 --> 00:06:35,160 very valuable when you're trying to wage war against these 91 00:06:35,319 --> 00:06:37,399 vicious animals, these terrorists. 92 00:06:37,480 --> 00:06:40,639 Speaker 1: Yeah, he referred to them as terrorists and they are 93 00:06:40,759 --> 00:06:44,519 on the Okay to kill West. Apparently Byron Donald's the 94 00:06:44,560 --> 00:06:47,600 congressman from Florida, he's all in favor of this. 95 00:06:48,079 --> 00:06:50,920 Speaker 5: Yes, this is again, this is what the president won 96 00:06:51,279 --> 00:06:54,319 his campaign and his mandate on. Joe Biden led in 97 00:06:54,360 --> 00:06:56,839 more than ten million illegal aliens from one hundred and 98 00:06:56,879 --> 00:07:00,560 eighty four countries. The reporters just said about thirty of 99 00:07:00,600 --> 00:07:03,720 them were from South Korea. And so this is not 100 00:07:03,920 --> 00:07:07,319 just a Central America South America issue. This is a 101 00:07:07,360 --> 00:07:11,079 global issue. Joe Biden opened our borders. We cannot hold 102 00:07:11,120 --> 00:07:13,519 all these people in the United States. And if you 103 00:07:13,639 --> 00:07:16,040 have a job site where that many illegal aliens are 104 00:07:16,079 --> 00:07:19,040 on the job site, what that's also doing is depressing 105 00:07:19,360 --> 00:07:22,800 the cost and the value of labor of the American people. 106 00:07:23,160 --> 00:07:24,800 And so yeah, we're going to have to go through 107 00:07:24,839 --> 00:07:26,920 this process. There's a lot of people that have to 108 00:07:26,920 --> 00:07:29,879 go home, especially those that came in over the last 109 00:07:29,920 --> 00:07:32,360 four years under Joe Biden. It was a disaster for 110 00:07:32,399 --> 00:07:35,160 the country. That's why Donald Trump has a mandate to 111 00:07:35,199 --> 00:07:37,560 do this and he's going to see it through. Been 112 00:07:37,560 --> 00:07:40,759 consistent on this one. They can't be carveouts. Our immigration 113 00:07:40,879 --> 00:07:44,759 system has been so bastardized by the Democrats that if 114 00:07:44,759 --> 00:07:48,399 you now start doing car outs, what it incentivizes is 115 00:07:48,399 --> 00:07:51,199 that some future Democrat administration is going to open the 116 00:07:51,199 --> 00:07:54,199 borders again. What that's going to do, it's going to 117 00:07:54,240 --> 00:07:58,000 actually make budgets in every community in our country tougher 118 00:07:58,000 --> 00:07:59,720 because you're going to have more illegal aliens in our 119 00:07:59,720 --> 00:08:03,079 country who are in the cracks getting public assistance. It's 120 00:08:03,079 --> 00:08:06,319 going to make the cost of labor actually go down 121 00:08:06,639 --> 00:08:09,600 because you'll have illegal labor in the United States that 122 00:08:09,800 --> 00:08:12,120 you don't have to pay as much as you would 123 00:08:12,120 --> 00:08:14,240 an American worker. And so those are two of the 124 00:08:14,279 --> 00:08:17,879 major issues when you can't allow for illegal immigration to proliferate. 125 00:08:18,079 --> 00:08:20,959 If you start doing carve outs, all you're saying is 126 00:08:21,279 --> 00:08:24,720 it's okay that you came in illegally, because now you're 127 00:08:25,199 --> 00:08:28,399 basically digging a trench or building a building. It's not okay, 128 00:08:28,399 --> 00:08:30,720 it's not right. We have to be consistent with upholding 129 00:08:30,759 --> 00:08:32,000 them on all right. 130 00:08:32,039 --> 00:08:35,360 Speaker 1: So he kind of emerged the idea of things coming 131 00:08:35,399 --> 00:08:38,759 into our country, whether it's humans that are coming into 132 00:08:38,799 --> 00:08:41,919 our country, or whether it's drugs coming into our country, 133 00:08:42,279 --> 00:08:47,399 that we're putting up a border that is not allowed 134 00:08:47,480 --> 00:08:51,039 to be. You can't get through it. In other words, 135 00:08:51,039 --> 00:08:53,480 and drugs have been coming into our country. We haven't 136 00:08:53,519 --> 00:08:56,559 done anything to really stop that. We have tried all 137 00:08:56,639 --> 00:08:59,279 kinds of things in the war on drugs, but this 138 00:08:59,480 --> 00:09:04,440 is now a whole new opening of the war on drugs. 139 00:09:04,440 --> 00:09:10,720 So meantime, we're talking about Venezuela and today to Venezuelan 140 00:09:11,039 --> 00:09:17,759 military aircraft at fourteen's flew near a US naval vessel 141 00:09:17,799 --> 00:09:21,559 that was off the coast of Venezuela in international water. 142 00:09:21,759 --> 00:09:24,840 So are they going to try and ramp up the 143 00:09:24,879 --> 00:09:27,440 military part of this? Is there going to be a war? 144 00:09:28,600 --> 00:09:32,879 Byron Yorks some thoughts on this. 145 00:09:33,159 --> 00:09:36,440 Speaker 6: Well, the administration makes a pretty strong case, which is 146 00:09:36,440 --> 00:09:40,799 that trender Ragua is a designated terrorist organization, a violent 147 00:09:40,919 --> 00:09:46,080 transnational drug gang, and that its acts do present a 148 00:09:46,120 --> 00:09:48,919 threat to the United States, So I think they've made 149 00:09:48,960 --> 00:09:51,559 a fairly good case for the President doing this. Also, 150 00:09:51,639 --> 00:09:54,039 I think the President may be doing this in part 151 00:09:54,080 --> 00:09:56,440 to set an example as opposed to set off a 152 00:09:56,440 --> 00:10:00,559 new campaign of bombing drug boats. The message to the 153 00:10:00,679 --> 00:10:03,080 smugglers as you know, maybe we shouldn't take the boat 154 00:10:03,080 --> 00:10:06,960 out today. So perhaps he's hoping it will just reduce 155 00:10:07,080 --> 00:10:09,720 that sort of thing. At the same time, I think 156 00:10:09,759 --> 00:10:12,360 it would make sense for the administration to go to 157 00:10:12,480 --> 00:10:16,120 the Armed Services Committee, House and Senate and explain to 158 00:10:16,200 --> 00:10:18,840 them exactly why they're doing this, the evidence they have 159 00:10:19,200 --> 00:10:23,440 about this particular boat and about Trenda Arragua activities in general. 160 00:10:23,799 --> 00:10:26,600 There are a number of Democrats, especially on Capitol Hill, 161 00:10:26,639 --> 00:10:29,159 who will be saying it, and I think that's a 162 00:10:29,200 --> 00:10:31,919 good reason to go to them, To go to the 163 00:10:32,440 --> 00:10:36,799 at least the two Armed Services committees and explain what 164 00:10:36,879 --> 00:10:39,440 the administration did, why it did it. I mean, we 165 00:10:39,519 --> 00:10:43,279 know that these are very bad guys. The only question 166 00:10:43,519 --> 00:10:47,639 is should they have been confronted in a law enforcement way, 167 00:10:47,679 --> 00:10:51,840 that is, with interdiction on the high seas or should 168 00:10:52,120 --> 00:10:56,120 they have taken this military attack mode. Now, if you 169 00:10:56,200 --> 00:10:59,159 listen to Secretary of State Rubio. He said, look, interdiction 170 00:10:59,320 --> 00:11:04,240 just doesn't really work. The cartels just basically kind of account. 171 00:11:05,039 --> 00:11:08,120 They estimate maybe two percent they'll lose to interdiction, the 172 00:11:08,200 --> 00:11:11,399 other ninety eight percent they successfully get to the United States. 173 00:11:11,600 --> 00:11:14,200 We had to do more, and so there's a case 174 00:11:14,240 --> 00:11:16,600 for the administration to make, and I'm sure they'll keep 175 00:11:16,639 --> 00:11:17,639 making it. The next few did. 176 00:11:18,039 --> 00:11:20,360 Speaker 1: Besides the boat that was blown out of the water 177 00:11:20,519 --> 00:11:24,200 off the coast of Venezuela, today the government told us 178 00:11:24,200 --> 00:11:27,120 that they're moving I don't know how many, they didn't say, 179 00:11:28,080 --> 00:11:31,799 but f thirty five's to Puerto Rico. They also are 180 00:11:31,879 --> 00:11:36,840 moving a number of naval assets into the Caribbean. So 181 00:11:36,919 --> 00:11:40,879 it looks like the government is saying we are going 182 00:11:40,960 --> 00:11:44,960 to crack down on people moving drugs into our country 183 00:11:45,200 --> 00:11:50,799 via the waterways. The Coast Guard for years has done 184 00:11:50,919 --> 00:11:56,080 exactly this interdiction. They have planes and boats out looking 185 00:11:56,200 --> 00:12:00,759 for drug runners coming to the United States. People in 186 00:12:00,799 --> 00:12:04,639 the Coastguard and the Navy have said that they have 187 00:12:04,799 --> 00:12:10,399 been very understaffed and they have very few boats out 188 00:12:10,440 --> 00:12:13,440 there and very few planes. So again goes back to 189 00:12:13,440 --> 00:12:16,639 what Marco Rubio said about they will get caught two 190 00:12:16,679 --> 00:12:18,399 percent of the time, but the rest of the time 191 00:12:18,440 --> 00:12:20,279 they've been able to make it. But now that we're 192 00:12:20,320 --> 00:12:24,879 moving aircraft and ships into the Caribbean, this may be 193 00:12:25,960 --> 00:12:30,120 the next wave of going after the war on drugs. 194 00:12:30,879 --> 00:12:35,080 Speaking of people coming into our country, not necessarily drugs, 195 00:12:35,120 --> 00:12:38,840 but just the ongoing ICE operations. There was a huge 196 00:12:38,919 --> 00:12:43,919 one today near Savannah, Georgia. It was at a Hyundai 197 00:12:44,039 --> 00:12:48,440 plant in Georgia that they are building. I believe they're 198 00:12:48,480 --> 00:12:52,200 going to make batteries there for Hyundai. In any case, 199 00:12:52,279 --> 00:12:56,120 it was over. There were four hundred and fifty people 200 00:12:56,759 --> 00:13:00,519 that they picked up ICE's biggest haul in one stop 201 00:13:01,360 --> 00:13:05,480 at this Hyundai plant in Georgia. Out of the four 202 00:13:05,559 --> 00:13:08,240 hundred and fifty, it was well over three hundred of 203 00:13:08,279 --> 00:13:13,919 them were South Korean resident citizens. So Hyundai is a 204 00:13:13,960 --> 00:13:17,960 South Korean company and it can't make You can't stop 205 00:13:18,000 --> 00:13:22,200 and think, maybe Hyundai is helping these people come to 206 00:13:22,279 --> 00:13:27,879 our country illegally, and I'm guilty of it. You think illegals, 207 00:13:27,919 --> 00:13:31,399 you're thinking from Latin America, mostly from South America, mostly 208 00:13:31,440 --> 00:13:35,679 Central America. And now you've got the bulk of these 209 00:13:35,679 --> 00:13:39,840 South Koreans that are working in Georgia and they're here illegally. 210 00:13:39,960 --> 00:13:42,799 So this is going to shut down the plant for Hyundai. 211 00:13:43,440 --> 00:13:47,159 But you know that Hyundai had to know, had to 212 00:13:48,320 --> 00:13:50,480 have over three hundred of the people of the three 213 00:13:50,519 --> 00:13:53,919 hundred out of the four hundred that were South Korean citizens. 214 00:13:54,399 --> 00:13:58,519 So see if anything comes of that breaking. Late this 215 00:13:58,600 --> 00:14:03,279 afternoon we got word that RFK Junior, which that hearing 216 00:14:03,399 --> 00:14:08,639 yesterday made a big splash. But RFK Jr. Had previously 217 00:14:08,679 --> 00:14:14,159 said he was going to announce a breakthrough regarding autism 218 00:14:14,600 --> 00:14:18,000 and what causes autism in the month of September. Well 219 00:14:18,000 --> 00:14:21,399 we're five days in. We got word late this afternoon 220 00:14:21,840 --> 00:14:26,519 that apparently he is going to make some announcement next 221 00:14:26,639 --> 00:14:33,919 week about autism and the causes of it. Maybe Doctor 222 00:14:33,919 --> 00:14:38,200 Sanjay Gupta though, clears up the fact that this is 223 00:14:38,720 --> 00:14:39,840 not something new. 224 00:14:40,679 --> 00:14:44,159 Speaker 7: Yeah, so first of all, we're talking about a potential association, 225 00:14:44,720 --> 00:14:46,600 not a cause and effect. I'm going to say that 226 00:14:46,720 --> 00:14:48,720 now and then I'll explain that a little bit more later. 227 00:14:48,759 --> 00:14:50,840 But yeah, this is something that's been looked at for 228 00:14:51,120 --> 00:14:53,840 close to a decade now, all sorts of studies looking 229 00:14:53,879 --> 00:14:57,200 at possible exposures to tail and all and pregnant women 230 00:14:57,720 --> 00:15:01,320 and the increased risk of autism. Some studies, early studies 231 00:15:01,360 --> 00:15:05,039 showed really no association. Other studies showed a probable or 232 00:15:05,080 --> 00:15:10,240 possible association. Again association, not cause and effect. Back in 233 00:15:10,240 --> 00:15:12,679 twenty nineteen, there was a study that came out of 234 00:15:12,720 --> 00:15:15,720 Johns Hopkins that said, hey, this is a hard study 235 00:15:15,759 --> 00:15:18,720 to do, so let's look at cord blood because women 236 00:15:18,759 --> 00:15:21,000 may not always remember if they took talentol or how 237 00:15:21,080 --> 00:15:23,320 much talentol they took, or when they took it. So 238 00:15:23,480 --> 00:15:26,759 let's look at cord blood and measure how much tilenol 239 00:15:26,879 --> 00:15:28,840 is actually in the cord blood as sort of a 240 00:15:28,879 --> 00:15:32,159 way of figuring out how much exposure these babies had. 241 00:15:32,559 --> 00:15:34,720 And they did find in that study again about six 242 00:15:34,799 --> 00:15:37,759 years ago, that the highest levels of a set of 243 00:15:37,799 --> 00:15:42,399 minifin or talalnyl exposure were associated with the increased likelihood 244 00:15:42,399 --> 00:15:44,759 of developing autism. So that was a study that I 245 00:15:44,799 --> 00:15:46,679 think a lot of people paid attention to. And then 246 00:15:46,960 --> 00:15:50,679 just last month August of this year, there was a 247 00:15:50,799 --> 00:15:53,879 large sort of aggregate of studies, forty six studies looking 248 00:15:53,919 --> 00:15:57,279 at over one hundred thousand people, looking again for any 249 00:15:57,320 --> 00:16:01,240 associations here and twenty seven of those forty six studies 250 00:16:01,600 --> 00:16:07,000 did find a potential association. But again, association versus cause 251 00:16:07,039 --> 00:16:08,799 and effect is really important here. I think one of 252 00:16:08,799 --> 00:16:11,480 the study authors said, Look, we know, for example, in 253 00:16:11,519 --> 00:16:14,639 hot weather people eat more ice cream, and hot weather 254 00:16:14,879 --> 00:16:17,559 violent crime also goes up. That doesn't mean ice cream 255 00:16:17,600 --> 00:16:19,840 and violent crime have anything to do with each other. 256 00:16:19,879 --> 00:16:21,960 There's not a cause and effect there. So this is 257 00:16:22,000 --> 00:16:26,000 going to require sort of digging deeper into this and 258 00:16:26,200 --> 00:16:28,879 bigger studies, which may be what we hear later this 259 00:16:28,919 --> 00:16:32,279 month coming out of HHS. I will say, there is 260 00:16:32,320 --> 00:16:35,080 this thing in medicine that we've refer to as sort 261 00:16:35,120 --> 00:16:39,039 of the paradox of ubiquity, and what that basically means 262 00:16:39,080 --> 00:16:43,399 is when something is really commonly used in society, it 263 00:16:43,480 --> 00:16:45,720 is hard to figure out if it's associated with something 264 00:16:45,759 --> 00:16:49,600 in particular because people who are taking talent all they 265 00:16:49,679 --> 00:16:52,200 may have had fevers. Could the fever have something to 266 00:16:52,240 --> 00:16:54,879 do with this? Could there have been something else going on. 267 00:16:55,159 --> 00:16:57,360 There's a lot of controls that you have to do, 268 00:16:57,639 --> 00:17:00,960 and it's hard with something as ubiquitous common ast holinol. 269 00:17:01,440 --> 00:17:05,440 Speaker 1: So very interesting about this association. Hot days, you have 270 00:17:05,519 --> 00:17:09,440 ice cream? Does that mean yeah, however, you behave after 271 00:17:09,480 --> 00:17:12,960 that this is caused by ice cream, so apparently they're 272 00:17:12,960 --> 00:17:19,000 also Secretary RFK Junior says he's going to have some 273 00:17:19,039 --> 00:17:21,880 sort of treatment announced next week as well. 274 00:17:21,960 --> 00:17:23,400 Speaker 7: You guys have heard of fol eight. This is a 275 00:17:23,400 --> 00:17:27,079 B vitamin fol eight folic acid something that's recommended for 276 00:17:27,319 --> 00:17:30,279 all pregnant women already. So this is something that is 277 00:17:30,359 --> 00:17:33,680 well known in the world of ob cetrics and gynecology. 278 00:17:34,880 --> 00:17:39,400 So people typically take this already when they're pregnant. But again, 279 00:17:39,480 --> 00:17:42,039 according to the Wall Street Journal, what we may hear 280 00:17:42,599 --> 00:17:45,480 is that higher doses of folate or folk folic acid 281 00:17:45,960 --> 00:17:49,559 may be recommended as well for children with autism. 282 00:17:49,799 --> 00:17:50,279 Speaker 2: We'll see. 283 00:17:50,319 --> 00:17:52,759 Speaker 7: I mean these are I think this is pretty speculative 284 00:17:52,759 --> 00:17:54,880 at this point. I do want to tell you what 285 00:17:54,920 --> 00:17:58,160 the American College of Obstetrics and Gynecology has said. They 286 00:17:58,200 --> 00:18:01,640 released a statement in response to this potential report coming out. 287 00:18:01,920 --> 00:18:04,599 A cedam menifin has long been established as a safe 288 00:18:04,640 --> 00:18:08,799 pain reliever for pregnant individuals during pregnancy. There is no 289 00:18:08,920 --> 00:18:12,480 clear evidence that proves a direct relationship between the prudent 290 00:18:12,559 --> 00:18:16,680 use of acetamnifin during pregnancy and fetal developmental issues. Neuro 291 00:18:16,759 --> 00:18:21,240 developmental disorders in particular, are multi factorial and very difficult 292 00:18:21,240 --> 00:18:25,400 to assess. Associate rather with a singular cause. Sort of 293 00:18:25,400 --> 00:18:28,559 gets at the same point. Again, there's probably lots of 294 00:18:28,680 --> 00:18:32,319 different factors of which a seedem minifin might be one. 295 00:18:32,759 --> 00:18:36,880 There's been recent evidence looking at genetics there are autism 296 00:18:36,960 --> 00:18:41,000 genes that seem to put people at increased risk of autism. 297 00:18:41,480 --> 00:18:44,400 But I think we'll see what this report says. But again, 298 00:18:44,480 --> 00:18:47,279 as you pointed out the beginning, these have been long 299 00:18:47,359 --> 00:18:50,359 term studies, some of them over a decade ago, and 300 00:18:50,519 --> 00:18:53,559 what we're talking about as an association, not a cause 301 00:18:53,559 --> 00:18:56,079 and effect. If we learn more about that, we'll certainly 302 00:18:56,400 --> 00:18:56,960 bring it to you. 303 00:18:57,519 --> 00:19:01,319 Speaker 1: So RFGA Junior got a lot of criticism yesterday from 304 00:19:01,359 --> 00:19:07,279 both Democrats and Republicans, but he's i mean, laser focused 305 00:19:07,319 --> 00:19:10,279 on this autism story. And for a lot of people 306 00:19:10,319 --> 00:19:14,359 that have autism in their family, this has got to 307 00:19:14,400 --> 00:19:16,720 be driving them crazy because they say they keep doing 308 00:19:16,759 --> 00:19:19,000 all these studies and they can't come up with answers. 309 00:19:19,160 --> 00:19:20,839 We can land men on the moon, but we can't 310 00:19:20,839 --> 00:19:25,440 figure out what the cause is for autism. So, speaking 311 00:19:25,519 --> 00:19:32,480 of that, Donald President Trump was asked about yesterday's whatever 312 00:19:32,519 --> 00:19:37,200 you want to call it, testimony at Congress with RFK Jr. 313 00:19:37,440 --> 00:19:38,680 Here's what the President said. 314 00:19:39,039 --> 00:19:41,319 Speaker 2: He's got a different take, and we want to listen 315 00:19:41,319 --> 00:19:43,680 to all of those sakes. But I heard he did 316 00:19:43,759 --> 00:19:47,680 very well today. But it's not your standard. It's not 317 00:19:47,799 --> 00:19:50,599 your standard talk. I would say that, and that has 318 00:19:50,640 --> 00:19:53,839 to do with medical and vaccines. But if you look 319 00:19:53,880 --> 00:19:56,319 at what's going on in the world with health and 320 00:19:56,400 --> 00:19:58,960 look at this country also with regard to health, I 321 00:19:59,119 --> 00:20:00,640 like the fact that he's different. 322 00:20:01,839 --> 00:20:04,759 Speaker 1: Well it was different now right, and that was I 323 00:20:04,799 --> 00:20:08,079 think far of what got all the attention yesterday. Speaking 324 00:20:08,119 --> 00:20:13,039 of health, President Biden was coming out of a church 325 00:20:13,160 --> 00:20:17,680 somewhere and he has a big gash on his head, 326 00:20:18,480 --> 00:20:20,440 and because of his sending hair, you can see it. 327 00:20:20,440 --> 00:20:23,559 It's pretty long. It's probably four to five inches long, 328 00:20:23,920 --> 00:20:27,079 and it's full of stitches. I heard a dermatologist who 329 00:20:27,200 --> 00:20:31,799 was showing a video of Joe Biden and they said, 330 00:20:31,880 --> 00:20:35,000 she said, it doesn't look like he has a gash 331 00:20:35,079 --> 00:20:39,599 or a cut. It looks like stitches. Maybe he had 332 00:20:39,920 --> 00:20:43,759 some sort of skin cancer surgery where they removed some 333 00:20:43,839 --> 00:20:48,920 of the pre cancerous items on his skin. So Joe 334 00:20:48,920 --> 00:20:51,440 Biden has one more health problem. No, it's not the 335 00:20:51,519 --> 00:20:55,240 end of the world, but wish him well on that. 336 00:20:56,640 --> 00:20:59,359 I know, well, he's not in office anymore. So. Oh 337 00:20:59,359 --> 00:21:07,319 and speaking of that, So the Kamala Harris vice presidents traditionally, 338 00:21:07,640 --> 00:21:12,759 by law, have received six months of Secret Service protection 339 00:21:13,119 --> 00:21:18,599 after they leave office. Well, it's been six months, and 340 00:21:19,839 --> 00:21:23,599 apparently Joe Biden had signed something to extend Secret Service 341 00:21:23,799 --> 00:21:29,000 protection for Kamala Harris into twenty twenty six. President Trump said, no, 342 00:21:29,319 --> 00:21:32,039 the six months is up, so we're bringing it to 343 00:21:32,079 --> 00:21:37,839 an end. Now. The Governor of California, Gavin Newsom, and 344 00:21:37,880 --> 00:21:42,400 the Mayor of Los Angeles, Karen Bass, have decided that 345 00:21:42,480 --> 00:21:47,799 they will protect her. So Newsom has assigned California Highway 346 00:21:47,799 --> 00:21:53,880 patrolman to protecting Kamala Harris, along with a number of 347 00:21:54,160 --> 00:21:59,400 LA Police officers that have been assigned to her protection. Yeah, 348 00:21:59,400 --> 00:22:03,920 the LA time, I'm reporting today that Los Angeles, this 349 00:22:04,160 --> 00:22:07,599 LA times. They're very far on the left hand side, 350 00:22:07,759 --> 00:22:12,240 said Los Angeles Police Metropolitan Division. Officers meant to be 351 00:22:12,359 --> 00:22:18,200 working crime suppression crime suppression assignments in hard hit areas 352 00:22:18,279 --> 00:22:22,960 of LA are instead providing security for former Vice president 353 00:22:23,039 --> 00:22:27,400 Kamala Harris. The department is quote assisting the California Highway 354 00:22:27,400 --> 00:22:31,559 Patrol in providing protective services for former Vice president until 355 00:22:31,640 --> 00:22:36,200 an alternate plan is established. A dozen or more officers 356 00:22:36,240 --> 00:22:40,920 had begun working a detail to protect her after Trump 357 00:22:41,279 --> 00:22:45,400 ended the Secret Service protection. As of Monday, the LA 358 00:22:46,279 --> 00:22:50,880 Police protectively the union that represents police officers in LA, 359 00:22:51,400 --> 00:22:54,720 are not happy. They said, pulling police officers from protecting 360 00:22:54,960 --> 00:23:00,559 protecting everyday Angelino's to protecting a failed presidential candidate who 361 00:23:00,599 --> 00:23:04,079 also happens to be a multi millionaire with multiple homes 362 00:23:04,119 --> 00:23:07,119 and can easily afford to pay for our own secures 363 00:23:07,319 --> 00:23:11,640 security is nuts, according to the board of directors for 364 00:23:11,720 --> 00:23:17,000 the union that represents the LAPD. Their statement went on 365 00:23:17,720 --> 00:23:20,920 about the fact that Karen bash should tell Gavin Newsom 366 00:23:21,200 --> 00:23:25,160 that if he wants to curry favor with Kamala's donor base, 367 00:23:25,200 --> 00:23:28,000 then he should open up his own wallet because LA 368 00:23:28,119 --> 00:23:31,759 taxpayer should not be putting the bill for this ridiculousness. 369 00:23:31,960 --> 00:23:35,000 So that's what's going on with Kamala Harris. By the way, 370 00:23:34,880 --> 00:23:39,279 the California Highway Patrol and the LAPD will be with 371 00:23:39,480 --> 00:23:43,480 her when she apparently is going to be going. She's 372 00:23:43,519 --> 00:23:47,400 selling a book, a memoir, one hundred and seven days. 373 00:23:47,680 --> 00:23:54,799 The tour has fifteen stops, including London and Toronto. So 374 00:23:55,200 --> 00:23:58,839 LAPD and CHP are going to be going to Europe 375 00:23:58,839 --> 00:24:01,440 and up to Canada and around to a total of 376 00:24:01,480 --> 00:24:04,839 fifteen cities because they have nothing better to do in 377 00:24:04,880 --> 00:24:09,559 California since they don't must not have any crime there. Okay, 378 00:24:09,640 --> 00:24:12,640 let's get to the very latest about the Fed. They 379 00:24:12,880 --> 00:24:15,559 are they're coming up very quickly. I believe it's the 380 00:24:15,599 --> 00:24:17,839 fifteenth and sixteenth for their decision about what to do 381 00:24:17,880 --> 00:24:22,240 with interest rates. But in the meantime, Congress is hearing 382 00:24:22,759 --> 00:24:27,559 from Stephen Mirran, who is the nominee to fill the 383 00:24:27,799 --> 00:24:32,160 not Lisa Cooks place. There was another FED governor who 384 00:24:32,240 --> 00:24:36,039 stepped down, voluntarily resigned a couple of weeks ago, just 385 00:24:36,119 --> 00:24:39,680 before Lisa Cook's story broke, and so that seat is open. 386 00:24:39,720 --> 00:24:42,880 And Stephen Moran you may have seen him. He's lately 387 00:24:42,960 --> 00:24:47,599 been a spokesman for economic matters coming out of the 388 00:24:47,599 --> 00:24:50,160 White House, so a lot of the cable networks have 389 00:24:50,559 --> 00:24:55,599 been interviewing him out on the North Lawn. So he 390 00:24:55,720 --> 00:24:58,960 was before the committee that decides on passing or not 391 00:24:59,039 --> 00:25:02,519 passing these particulars people in the Senate, And this is 392 00:25:02,599 --> 00:25:03,799 what he had to say. 393 00:25:04,160 --> 00:25:08,720 Speaker 8: The President nominated me because I have policy views that 394 00:25:09,279 --> 00:25:13,359 I suppose that he liked. If I'm confirmed to this role, 395 00:25:13,759 --> 00:25:17,000 I will act independently as the Federal Reserve always does, 396 00:25:17,200 --> 00:25:20,079 based on my own personal analysis of economic data, my 397 00:25:20,119 --> 00:25:24,039 own personal analysis of the effects of economic policies upon 398 00:25:24,079 --> 00:25:27,920 the economy, and act based on my judgment of my 399 00:25:28,039 --> 00:25:30,640 judgment of the best economic policy possible. 400 00:25:31,359 --> 00:25:34,920 Speaker 1: Well that sounds nice. So there's one major problem. Am 401 00:25:34,960 --> 00:25:37,759 I the only person in the whole wide world who 402 00:25:37,799 --> 00:25:41,799 thinks it's really important for the Federal Reserve Board to 403 00:25:41,880 --> 00:25:49,519 be independent of politics? And this Moran guy, that's his name, Stephen, No, 404 00:25:49,640 --> 00:25:54,279 it's Milan, Stephen Milan is not going to resign his 405 00:25:54,400 --> 00:25:58,160 position on the Economic Advisory Council for the Brethren. He's 406 00:25:58,200 --> 00:26:02,799 going to remain a White House employee at the same 407 00:26:02,839 --> 00:26:04,839 time that he's sitting as a governor on the Federal 408 00:26:04,839 --> 00:26:08,359 Reserve Board. Does he not understand? I mean, he may 409 00:26:08,359 --> 00:26:12,960 be a great financial guy, but you have to separate 410 00:26:13,920 --> 00:26:17,799 the politic, namely the White House in Congress, from the 411 00:26:17,799 --> 00:26:21,039 Federal Reserve Board. And he thinks that he's going to 412 00:26:21,079 --> 00:26:23,680 stay an employee of the White House while he's on 413 00:26:23,720 --> 00:26:27,480 the Federal Reserve. It's chipping away of the independence of 414 00:26:27,519 --> 00:26:30,799 the Federal Reserve Board, which I think is long term 415 00:26:31,079 --> 00:26:34,880 nothing but troubles for this country. So we'll see if 416 00:26:34,880 --> 00:26:39,519 they approve him. Apparently he's been put up by President 417 00:26:39,559 --> 00:26:43,000 Trump and the Republicans control of the committee, so I'm 418 00:26:43,039 --> 00:26:46,400 presuming that they will give him the thumbs up, which 419 00:26:47,160 --> 00:26:49,720 I wish he would resign from the White House if 420 00:26:49,759 --> 00:26:52,599 he wants to be a governor on the Federal Reserve. 421 00:26:52,759 --> 00:26:55,680 Now let's get on the Lisa Cook. This is the 422 00:26:55,720 --> 00:26:59,960 woman who the story keeps getting worse about mortgage fraud 423 00:27:00,680 --> 00:27:03,079 and the fact that there are three homes now that 424 00:27:03,200 --> 00:27:08,240 she claimed as her primary residence and one of them 425 00:27:08,279 --> 00:27:11,920 turned out to be just an investment property. She didn't 426 00:27:11,960 --> 00:27:14,359 live there, she rented it out. And then she had 427 00:27:14,519 --> 00:27:18,319 two other properties that she said, within two weeks of 428 00:27:18,359 --> 00:27:22,400 each of getting the loans were her primary property. She lied, 429 00:27:22,960 --> 00:27:30,240 She clearly lied. So I checked to see Ken J. Powell, 430 00:27:30,279 --> 00:27:33,799 the chairman of the Fed, fire her, and the answer 431 00:27:34,000 --> 00:27:38,960 is no. Only the president can fire a Federal Reserve governor. 432 00:27:39,000 --> 00:27:43,599 But it must be for cause, and it's starting to 433 00:27:43,640 --> 00:27:47,240 look like the President has a lot of cause to 434 00:27:47,440 --> 00:27:52,000 give her the boot. Ellie Honig, who's former sd and 435 00:27:52,160 --> 00:27:55,799 Y prosecutor, he took a look at it this way. 436 00:27:55,839 --> 00:27:59,119 Speaker 3: No question, there's a political motive. Just look at the timeline. 437 00:27:59,200 --> 00:28:01,839 Donald Trump spent much of the summer posting on social 438 00:28:01,880 --> 00:28:03,880 media and talking about how he wants to get rid 439 00:28:03,880 --> 00:28:06,400 of fed governors who would not vote with him to 440 00:28:06,720 --> 00:28:09,839 lower interest rates. While he's doing that, this guy Bill Poulty, 441 00:28:10,160 --> 00:28:12,960 who had donated over a million dollars to Donald Trump's 442 00:28:13,039 --> 00:28:16,279 various political interests, then becomes the head of the Federal 443 00:28:16,319 --> 00:28:20,119 Housing Fraud Agency and launches these investigations into several high 444 00:28:20,160 --> 00:28:24,799 profile Democrats, including Lisa Cook. And then when Paulty makes 445 00:28:24,799 --> 00:28:29,119 his referral to DOJ public, Donald Trump thirty minutes later says, Aha, 446 00:28:29,400 --> 00:28:30,200 now she's got to go. 447 00:28:30,319 --> 00:28:31,880 Speaker 2: It's overtly political. 448 00:28:32,000 --> 00:28:35,680 Speaker 3: However, at the same time, these allegations do appear substantial, 449 00:28:35,759 --> 00:28:38,240 more substantial than the allegations that have been made against 450 00:28:38,319 --> 00:28:40,960 Letitia James and Adam Schiff. As you said, she took 451 00:28:41,200 --> 00:28:44,200 two different mortgages within two weeks of each other, claimed 452 00:28:44,200 --> 00:28:47,599 they were both primary principal residences. There's a third residence 453 00:28:47,759 --> 00:28:49,400 where she said was a second home, but she was 454 00:28:49,440 --> 00:28:52,160 actually renting it out as an investment property. And the 455 00:28:52,200 --> 00:28:54,359 defenses we've heard from Lisa Cook's lawyer so far have 456 00:28:54,440 --> 00:28:56,880 been underwhelming and essentially saying, well, maybe there was a 457 00:28:56,880 --> 00:28:58,720 clerical error. So I do think both of those things 458 00:28:58,720 --> 00:29:00,880 are true. Blur, and I should say mortgage fraud is 459 00:29:00,960 --> 00:29:03,640 quite common. I mean, in the prosecutor's office, we prosecuted 460 00:29:03,680 --> 00:29:06,279 it all the time. It was a fairly mundane crime 461 00:29:06,319 --> 00:29:08,559 to go after. One of the things that Lisa Cook 462 00:29:08,599 --> 00:29:11,279 will argue if she does get charged criminally is something 463 00:29:11,319 --> 00:29:14,200 called selective prosecution. She'll say, look, there were other people 464 00:29:14,240 --> 00:29:16,920 out there who did something very similar to what I did. 465 00:29:17,200 --> 00:29:19,400 They're not being prosecuted and I am, and it's for 466 00:29:19,440 --> 00:29:22,119 a political reason. The question that will be how similar 467 00:29:22,160 --> 00:29:24,359 are they? A key factor here that I think cuts 468 00:29:24,359 --> 00:29:26,880 against Lisa Cook is she took these mortgages out in 469 00:29:26,920 --> 00:29:29,319 a very compressed time frame. Some of the people who 470 00:29:29,319 --> 00:29:32,319 are subject to that reporting took their mortgages out years apart, 471 00:29:32,359 --> 00:29:35,000 when it's more plausible. I'm not saying any of these 472 00:29:35,039 --> 00:29:38,359 people is guilty or not guilty. But there are some differences, 473 00:29:38,680 --> 00:29:41,039 but on the whole there also are some similarities that 474 00:29:41,039 --> 00:29:43,119 will give Lisa Cook a way to argue that she's 475 00:29:43,119 --> 00:29:43,839 being singled out. 476 00:29:44,240 --> 00:29:47,880 Speaker 1: So I'm concerned about the independence or lack of independence 477 00:29:47,880 --> 00:29:51,359 between the Federal Reserve Board and the White House in Congress. 478 00:29:51,680 --> 00:29:54,240 But man, this lady has to go. She has to 479 00:29:54,279 --> 00:29:57,799 step down. I can't believe that she's being so ornery 480 00:29:57,839 --> 00:30:01,920 about looking the fact that she's, like Ellie said, her 481 00:30:02,000 --> 00:30:06,160 lawyers have a WHIMPI defense. So she needs to go. 482 00:30:07,480 --> 00:30:13,000 Elon Musk has a new contract. Apparently they are the 483 00:30:13,039 --> 00:30:16,200 board of directors at Tesla. For all you Tesla shareholders, 484 00:30:16,240 --> 00:30:21,000 pay attention. They have awarded him the opportunity to get 485 00:30:21,039 --> 00:30:24,839 four hundred and twenty three million shares. If you value 486 00:30:24,920 --> 00:30:29,880 those today, that's just under a trillion dollars worth of stock. 487 00:30:31,200 --> 00:30:35,519 The deal is that if he can get Tesla's value 488 00:30:35,799 --> 00:30:39,680 up to eight and a half trillion dollars, currently it's 489 00:30:39,759 --> 00:30:42,599 one point one trillion, So if he can make the 490 00:30:42,599 --> 00:30:45,359 company grow up to eight and a half trillion dollars, 491 00:30:45,720 --> 00:30:48,559 he gets almost a trillion dollars in pay. Remember the 492 00:30:48,640 --> 00:30:50,200 last time they did that and they said, oh, can 493 00:30:50,240 --> 00:30:53,119 you make the company become crazy big numbers, And he 494 00:30:53,200 --> 00:30:56,000 achieved it, and then they wanted to reneg on giving 495 00:30:56,039 --> 00:31:01,119 him the money. There's no restrictions in this about him 496 00:31:01,119 --> 00:31:04,480 being involved in politics. Oh and they have to have 497 00:31:05,440 --> 00:31:10,960 one million robo taxis out working on the streets of 498 00:31:11,400 --> 00:31:14,160 the world wherever they will be. So that's part of 499 00:31:14,160 --> 00:31:17,440 the deal too. So the company has to be worth 500 00:31:17,480 --> 00:31:18,920 eight and a half trillion, and they have to have 501 00:31:18,960 --> 00:31:23,319 a million robotaxis test of robotaxis out on the street. 502 00:31:23,799 --> 00:31:27,240 So shareholders, you do get to vote on it. Come 503 00:31:27,359 --> 00:31:30,960 sometime in November is your stockholders meeting. That's when that 504 00:31:31,039 --> 00:31:35,559 will come up. Man, that's a lot of money. Speaking 505 00:31:35,559 --> 00:31:38,960 of money, the economy, first Friday of the month, the 506 00:31:39,039 --> 00:31:44,759 jobs report came out this morning and the BLS Bureau 507 00:31:44,799 --> 00:31:47,400 of Labor Statistics, their website was having problems when they 508 00:31:47,400 --> 00:31:50,160 were not ready to do the eight thirty am release, 509 00:31:50,240 --> 00:31:53,000 but they got it fixed and the numbers turned out 510 00:31:53,000 --> 00:31:57,480 to be much worse than expected. They were expecting only 511 00:31:58,119 --> 00:32:02,960 seventy five thousand payrolls added in the month of August. 512 00:32:03,559 --> 00:32:06,519 It wasn't seventy five thousand. It turned out to be 513 00:32:06,680 --> 00:32:11,680 twenty two thousand, and then they revised July a little 514 00:32:11,680 --> 00:32:16,359 bit from seventy three thousand up to seventy nine thousand 515 00:32:16,759 --> 00:32:21,200 jobs created. In July, the unemployment rate went up to 516 00:32:21,279 --> 00:32:25,160 four point three percent. That's the highest unemployment rate since 517 00:32:25,200 --> 00:32:29,240 twenty twenty one. It's been creeping up higher over the 518 00:32:29,319 --> 00:32:35,400 last year. Average hourly earnings went up three point seven 519 00:32:35,480 --> 00:32:40,839 percent in the last year. Inflation is running less than 520 00:32:40,839 --> 00:32:45,279 that the overall inflation numbers, so you should be seen 521 00:32:46,440 --> 00:32:50,160 some more money in your pocket, not a lot. Participation 522 00:32:50,279 --> 00:32:54,640 rate sixty two point three. That is more participation than 523 00:32:54,640 --> 00:32:59,480 we've seen in the past. The U six, the unemployment 524 00:32:59,640 --> 00:33:04,720 rate for people beyond those that are currently looking is 525 00:33:04,720 --> 00:33:10,400 all the way up to eight point one unemployment. Unemployment 526 00:33:10,480 --> 00:33:18,200 rate by racial demographics eight point six percent of disabled 527 00:33:18,240 --> 00:33:23,319 people are unemployed, seven point five percent of Black American 528 00:33:23,359 --> 00:33:28,240 African Americans, five point three percent for Hispanics, three point 529 00:33:28,319 --> 00:33:32,920 seven for whites, three point six for Asian and I 530 00:33:32,960 --> 00:33:37,079 heard some economists looking at the high unemployment rate that 531 00:33:37,200 --> 00:33:40,039 stands out for African Americans in this country, and they're 532 00:33:40,079 --> 00:33:43,480 thinking it has to do with the layoffs in the 533 00:33:43,519 --> 00:33:47,799 federal government, especially in Washington, d C, where significant portion 534 00:33:47,920 --> 00:33:52,079 of the employees are African Americans, so that may have 535 00:33:52,279 --> 00:33:55,880 an impact on it. So we'll see what they what 536 00:33:55,920 --> 00:33:58,920 they come up with. But the unemployment rate four point 537 00:33:59,000 --> 00:34:02,599 three and twenty two two thousand payrolls created last month 538 00:34:02,759 --> 00:34:06,920 was shall we say, on the week side, the good 539 00:34:07,000 --> 00:34:09,320 news out of all of this is for those to 540 00:34:09,400 --> 00:34:13,280 be looking for a mortgage, the every Thursday Freddie Matt 541 00:34:13,280 --> 00:34:16,519 comes up with an average mortgage rate out there, and 542 00:34:16,559 --> 00:34:20,639 it fell this past week down to six point two 543 00:34:21,199 --> 00:34:24,079 nine percent. That may seem high to those of you 544 00:34:24,119 --> 00:34:27,159 that have three percent mortgages, but that's the lowest it's 545 00:34:27,159 --> 00:34:31,199 been now in months. So six point twenty nine percent 546 00:34:31,320 --> 00:34:34,920 is the average on a thirty year fixed rate mortgage 547 00:34:34,960 --> 00:34:39,599 Wall Street Today. Well, we told you earlier about the 548 00:34:39,639 --> 00:34:44,360 news that next week apparently RFK Junior is going to 549 00:34:44,360 --> 00:34:46,960 come out with some sort of association between Tyler and 550 00:34:46,960 --> 00:34:50,320 All and autism. So the company that makes Tyler Dall 551 00:34:50,360 --> 00:34:53,079 is a company by the name of Kenvu, and it 552 00:34:53,159 --> 00:34:56,840 went down ten percent a day just on that particular news. 553 00:34:57,440 --> 00:35:01,840 We also saw that they're going to add Robin Hood 554 00:35:02,639 --> 00:35:05,920 to the SMP five hundred. It will take place in 555 00:35:05,960 --> 00:35:09,599 a few weeks, so Caesar's got booted off the list, 556 00:35:09,679 --> 00:35:12,480 So that means that a bunch of SMP five hundred 557 00:35:12,519 --> 00:35:17,599 funds have to buy Robinhood. But overall the market finished 558 00:35:17,880 --> 00:35:22,639 lower and the Dow down two hundred and twenty forty 559 00:35:22,639 --> 00:35:28,280 five thousand, four hundred, SMP five hundred down twenty NADDAC 560 00:35:28,400 --> 00:35:31,960 down seven. The price of goal today up thirty three 561 00:35:32,039 --> 00:35:35,760 dollars to thirty six thirty nine. Very volatile of late 562 00:35:36,400 --> 00:35:39,079 and oil also volatile today down a buck and a 563 00:35:39,119 --> 00:35:44,360 half to sixty one dollars and some change. Hope you 564 00:35:44,400 --> 00:35:47,119 have a wonderful weekend. Thank you for coming by today. 565 00:35:47,159 --> 00:35:49,519 We'll be back again on Monday. Hope to see you then.