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Speaker 1: And hello, how are you welcome to the Big Podcast

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on this Friday. Today's the twenty second day of May.

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Year of our Ward, twenty twenty six. My name is

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Tom Sullivan. And well, we've got kind of a busy Friday,

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a getaway Friday for well a lot. Actually, what I

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saw on the roads that I traveled yesterday it was

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getaway Thursday. But historically three day weekend is probably a

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four day weekend. And I don't know what people push

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it the other way, but it is it is travel weekend.

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And that ties us in with gas and gas prices

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and the average the average price which again it's an

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average four dollars and fifty five cents with the cheap stuff.

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This is the national average for you truckers and farmers

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that buy diesel five dollars sixty five cents. Both of

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those are down a penny from yesterday, but they're up

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four cents from gases up four cents from a week ago.

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Diesel is down two cents from a week ago. So

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it's kind of flattening out in here, but we're in.

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The predictions are that asks the straight of horror moves

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continues to be closed at the price of gas and

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oil and everything that's associated with it will continue to

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go higher. Seems like it's kind of tapping out, but

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don't count on it. California, I'm sorry. Six dollars and

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thirteen cents. Is the average for you diesel in California

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is seven dollars forty one cents. There isn't a state,

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not one that is under four dollars, So everybody's four

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or five, or in California six or seven. So Triple

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A says forty five million people are traveling this weekend,

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and thirty nine million by car, just about four million

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by air, the rest to take a train or a

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bust or whatever it might be. I look at this

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and I go thirty nine million by car, So obviously

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we have not hit demand destruction. People are still willing

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to pay the high price to get their gallon of gas,

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and it just hasn't shown up. People are I don't know,

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maybe after Memorial Day people will start slowing down, but

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it's it's summer driving season, so and with prices expected

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to continue to go higher, I don't know. Oh it's

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funny because out in California, the Governor, Gavin Newsom, he

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did this a few years back, he blamed the oil

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companies for higher prices, and he set up a group

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or a commission or something. They were going to go

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in and investigate I think it was through their Attorney

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General's office in California. They were going to go investigate

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price gouging by the oil companies. And we never heard

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another word. They've done this besides California, they do price

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gouging investigations and for some reason to come back and

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find out, well, huh, the market price, the market push

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prices higher. So anyway, so now the governor in California

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has got a new idea and this is this is

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dirty pool. Chevron was a California headquartered company. They have,

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like many corporations, they have moved their Chevron forever a

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California company. If you're in California, the Chevron stations every

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three blocks. I mean, they are a huge oil company

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in California, nationwide too, but especially in California. They used

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to be headquartered in San Francisco, not anymore. So they

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moved and Gavin Newsom is going to pick on them,

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he said. He sent out a tweet saying do not

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buy gasoline from Chevron, and he accuses them of charging

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too much. So Steve Hilton, who is running for governor

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of California, said this.

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Speaker 2: We're importing not just crude oil, but gasoline because we

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don't have the refinery capacity anymore and we're not producing

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our own sable just off the coast of Santa Barbara

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actually one of the largest deposits in the country now

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second only to the Permium Basin by some estimates, completely

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blocks by Gavin USM. Everywhere you look, they're standing in

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the way of the kind of growth and opportunity that

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we could be having.

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Speaker 1: It's true they import almost all of their oil from

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foreign sources. They get oil shipped from the Middle East

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all the way over to California, and then California has

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the highest state gas to axe. It's for a bunch

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of different causes and funds that they've set up over

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the years, but they are the reason why California is

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so much more expensive is a they import their oil.

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California is blessed with oil fields and yet they won't

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tap them and off the coast. That's another whole story.

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But they've got tons of oil off the coast of California.

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Years ago they used to have. You could see the

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drilling rigs out there. But in any case, so California

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has lots of oil, but they won't tap it. They

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import it from foreign sources. They lay all kinds of

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taxes on top of it. And Gavin Newsom blames Chevron,

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and it's interesting he's blamed something. He's mad at Chevron

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because they picked up and moved and they basically made

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him look foolish. The refineries, they used to have lots

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of refineries. I think they're down to two, and they

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have a requirement that they have a special blend of

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gasoline that is only sold in California. It's no so

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they have to have their own refineries. Make this what

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I call designer gas, designer fuel. It's designed specifically for California.

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Has to do with their pollution and all of that

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that they used to have in LA. So they've got

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lots of rules and regulations that are making their gas

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more expensive. And for those of you that are driving

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in California, I'm sorry, but it's not Chevron. It's a

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guy by the name of Newsome. And I find it

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weird that he's picking on Chevron as opposed to why

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didn't he name Exxon and Mobile and Shell and a

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bunch of others in any case. So Patrick Jahan, the

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head of gas Buddy that keeps track of the gas

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prices for Triple A, was asked about these high prices.

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Speaker 3: Well, Traditionally, when gas prices go up in such a

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sharp motion for a sustained period of time, it really

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does take motorists a lot more to want to hit

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the road. And you know, our survey found that there

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is going to be a slight drop in some of

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that summer travel, but Americans hold very steadfast when you

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look at gas prices in the summer, the three months

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that Americans get to take off time from school and work,

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when we're talking about some of the best weather over

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the course of the year, Americans really aren't going to

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slow down much when faced with gas prices at these levels.

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Even if prices go higher, the feel index of what

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we're experiencing is still dramatically better than two thousand and

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eight when people started to get out their bike, walk

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and do those types of things. Americans are still only

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spending about six minutes to buy a gallon of gas.

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Back in two thousand and eight, it hit almost eleven

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minutes to buy a gallon of gas.

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Speaker 1: So he's talking about the six minutes that you work.

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It equals the same amount a cost of a gallon

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of gas or eleven minutes, whatever it might be. So

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Patrick was asked, anything that the government can do hint hint,

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dropping the federal gas to x.

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Speaker 3: Maybe the Trump administration's basically pulled every lever that they can,

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from the Jones Act waiver to the E fifteen waiver

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to a summer gasoline waiver. None of the waivers really

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has much impact when you're talking about so much of

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the world's supply being through the strait of war moves.

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So the federal gas, if Congress doesn't prove it, that

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would add up to about eighteen cents a gallon of

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potentially lowering prices, and diesel for twenty four cents. But

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even at eighteen cent reduction, you're still talking about gas

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prices well in excess to four dollars a gallon. And

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by the way, the longer the straight remains closed, we

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still could see the national average climbing through the summer.

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July fourth could feature a national average of over five

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dollars a gallon. Should the Straight of Horn Moves remain

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closed and that's really what we're hinging on the entire summer.

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Whether we see record prices, really all that has to

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do with whether the strait is closed or open.

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Speaker 1: So enjoy your Memorial Day. We can get. Fourth of

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July is coming up quick, and he's talking about over

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five dollars for everybody on average. That'd be at least

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a fifty fifty cent hike. Meantime, let's go to where

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they price all of this oil, and that's the commodities

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trading at the CME in Chicago. Phil Flynn's one of

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the oil traders.

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Speaker 4: You know, I the volatility is crazy. It's I feel

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like whack them all every headline it's like bye bye,

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it's crazy, right, But I will say there's some hope

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in the price of oil. Every time it looks like

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we're get a peace deal or we're going to get

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an end to this, prices plummet. You know, we saw

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the price of gas lane. They've been creeping up every

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day because of this war. But as soon as we've

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got a piece deal on the futures market, they felt

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fifteen to twenty cents a gallon. So what that tells

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me is that if we do get a revolution. Gas

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prices will come down fast. That will take the pressure

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off inflation, and I think we're going to get a

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long term benefit, you know, from taking away the terror

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risk from Iran. So that's why these these talks are

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critically important. We can't allow Iran to get a nuclear weapon.

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We can't allow them to hold the world hostage in

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the Strait of Hormuz, you know, as a toll, and

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that's going to be a non starter. But regardless of

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what happens with these talks, I believe the end is

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near one way or another. Either our rand cuts a

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deal and gives in and gives up the uranium opens

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up the straight or I'm afraid it'll be the end

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of the regime.

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Speaker 1: Well he's hoping it in soon, but he doesn't know.

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I don't know, you don't know. We just hope that

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it ends soon. In the meantime, he was also talking

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about since he trades commodities, which includes currencies, he was

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remarking about Kevin Walsh. Kevin Walsh was sworn in as

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the new Chairman of the Federal Reserve Board today in

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the White House, first time since the eighties. I think

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it must have been Alan Greenspan was the last one

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to be sworn in by the President at the White House,

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so there was a big ceremony there. And Kevin worsh

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is now the new chairman of the FED. He was

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sworn in by Supreme Court Justice Clarence Thomas. So back

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to Phil Flynn on his view what the commodities traders

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think about Kevin Walsh.

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Speaker 4: You know, it's a breadth of fresh air for a

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lot of the traders and the markets because they're relieved

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to see a change at the helmet the FED, because

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they've been very critical of a lot of the decisions

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that Jerome pal made. You know, Jerome Paula is going

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to go down in history sadly as the man at

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the FED that said inflation's transitory, nothing to see here.

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And later in his term, you know, he became the

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guy that seemed very political. You know, it seemed you know,

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at the end of his tenure, you know, when it

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became clear to a lot of people, even at the FED,

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that they should be cutting rates. He was stubborn, you know,

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and he fought against that and in his supporters and

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the FED did so as well, and a lot of

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the traders viewed that more as political payback to Trump

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just because he didn't want to give Donald Trump and Ash.

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Kevin Worrish comes in with experience. He's a guy that

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was ahead of the curve on the housing crisis. He

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warned everybody it was going to happen.

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Speaker 2: You know.

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Speaker 4: He's also a proponent of you know, extraordinary stimuli list

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but also a proponent of knowing when to cut it off.

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So I think that's why the market is happy. We

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needed some fresh air and this is going to give

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us a lot of it.

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Speaker 1: Well, I agree with Phil. The more the president tried

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to interfere with the Fed, the more the especially Jerome Powell,

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pushed back. That's why a lot of all presidents, I

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think one interest rates to go down. But the more

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the president pushed and well threatened, the more they dug

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their heels in at the Fed and probably would have

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lowered interest rates faster, sooner if it wasn't for the

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prodding by the president. That's why most presidents bite their lips.

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But that's not part of Donald Trump's DNA made time

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the war. Let's get caught up with that. This is

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the question now about this weekend where don Donald Trump

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Junior getting married Saturday tomorrow in the Bahamas, and the

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President said he can't go, but he kind of woppled

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a little bit on that. A lot of people think,

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why can't you go to your son's wedding on Saturday?

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What's going on on Saturday? Why you need to be

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at the White House? Hint, hint, Well here's the President

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talking about it.

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Speaker 5: He'd like, mindy go, I'm just going to be just

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a slow, little private affair, and I'm going to try

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and make it. I'm in the midst, I said, you know,

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this is not good timing for me. I have a

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thing called rad and other things. That's when I can't

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win on. If I do attend, I get killed. If

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I don't attend, I get killed by the Frank News.

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Speaker 1: I don't know. I mean, so this is Don Junior's

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second marriage, so maybe that's part of it. But in

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any case, I don't think somebody would kill him because

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of the fact get mad at him. Fake news would

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get mad at him about not going to his son's wedding.

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But it makes you wonder, why is there something else

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important going on? Meantime, let's get to Brett Murger find

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out what he thinks about the current status, Fred.

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Speaker 6: We're heading into a really pivotal week. I mean right

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now we're in a stalemate, a chance for diplomacy. I

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would watch for Assu Munir, the Pakistani army chief. Where

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is he because he has said I will only go

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to Iran if we might be close. Some reports this

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morning he might be heading to Iran, So I keep

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an eye on that. But even though the diplomacy is

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very stuck, because the two things we want open the

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Strait of Hormuz and turn over the highly inners geranium,

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Iran is really holding on to and it's a card

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they believe they have. They think they have power in

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their hands, and the price they will demand for those

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two things will be extremely high. So I would put

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low odds on a breakthrough deal. And the next week, Fred,

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just to put this set the context, will be the

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annual pilgrimage to Mecca and the haj Unlikely you'll see

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a renewal of military acts during the next week, but

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once you get into the end of the month, if

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there's not a deal, I think that window opens again.

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So that could be why the President's staying in Washington

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for consultations.

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Speaker 1: Hajj is huge, especially it's an annual event for Muslims,

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and so that may be the reason is the religious

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ceremonies that go on that they'll wait until after those

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are over. As far as the status of what's going

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on in run Well, Brett McGirk continues to repeat, it's

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a stalemate in Iran.

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Speaker 6: We have a stalemate and one thing there to ties

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in Russia and China. Sector Rubio said today we're working

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on a UN Security Council resolution. It has more countries

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than ever endorsing this resolution calling on Iran to open

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the straight of her moves. If you get that resolution,

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it allows the Europeans to come into the mission to

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try to open the straight of her moves. That would

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be very important. But Russian and China are threatening to

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veto that resolution because they are very much standing I

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think behind the Iranians here and then on Cuba, if

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passes Prolofe, it seems like a replay of Venezuela. There's

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now an indictment against Robel Castro. We're moving forces. The

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CIA chief was in Havana. Unclear what the demands are

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of Cuba, but it seems like we're moving into something

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there with coercive diplomacy for it to start in a

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possible military operation. It's unclear to see what that would achieve.

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But to do that, I think the President would like

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a diplomatic off ramp on Iran. And that brings us

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back to where we started. The Iranians have the cards

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here of whether or not they're actually going to do

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a deal that we can accept, and I think that's

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going to be extremely difficult, but that'll play out over

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the course of the next few days.

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Speaker 1: In this week, okay, next few days or a week. Meantime,

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let's get General Charles Wold in here. We haven't heard

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much from him. What does he take of this?

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Speaker 7: Well, I think we should try to have the GCC

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Golf Cooperation Council States Kuwait, UAE, Saudi Arabia, Bahrain, Oman

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for that matter, participate with us. A little bit distressed

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that o'mon is talking like they're going to have some

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kind of collaboration with the ire Indians on a toll.

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That's a thing's not going to happen.

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Speaker 1: So we've been in this ceasefire for six long weeks. Everything,

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Like Brett McGirk said, we are in a stalemate. What

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does the general want to do now.

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Speaker 7: Actually, I think it makes it more clear that we're

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probably going to have to do some kinetic action go forward.

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There's no way we're going to have a toll in

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the Straights of Horror moves. As a secretary mentioned, that's

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just out of the question. So going And I don't

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think Oman's really part of that party, but you hear

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this discussion, it's almost beyond ludicrous. There's no way that's

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going to happen in the United States. Navy will stop

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that in a heartbeat.

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Speaker 1: And what about the NATO countries? Are they going to

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participate in trying to keep that straight open?

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Speaker 7: Well, I was in NATO for a large portion of

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my career, and as you mentioned, I was a deputy

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commander for the US Forces in NATO my last assignment.

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I think NATO should be more actively involved in particularly

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in the securing the Straits of Horror moves with US.

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They're doing a good job for Ukraine. I get that,

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but I think NATO, we've asked them. I think they

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should anticipate and I agree.

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Speaker 1: Well, guess where Secretary of State Marco Rubio is. He's

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up in Scandinavia at a NATO meeting, and he's trying

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to talk them into I think, helping out.

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Speaker 8: But I'm saying Plan B needs to be whatever. Ron says. No,

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we refuse to open the streets and someone's going to

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have to go in and do something about it. That

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doesn't mean we couldn't do it. We could, The United

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States could do it. But there are countries that have

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expressed an interest in potentially being a part of something

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like that if in fact we get to that point.

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We don't need their help, but they're willing to do it,

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and I think we should take them up on it

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if they are. But I don't think there's been any

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firm commitments or firm asked today.

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Speaker 7: It would be.

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Speaker 8: Premature, but I just raised the issue that this is

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something we may need to confront at some.

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Speaker 1: Point, sort of thing the President has been talking about.

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We don't need them, but we'd like to have them help,

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but we don't need them meantime. John Bolton for UN ambassador,

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former National Security advisor in Trump one point zero and

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he's a hawk and he wants to be hockey on Iran.

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Speaker 4: Well.

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Speaker 9: The Chinese obviously have allotted steak given their purchases of oil,

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not just from Iran, but from the Saudis and the

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Amiridis as well. I don't think it would necessarily be

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helpful to us, though, because with Trump just after his

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meeting with Jijun Ping making arm sales to Taiwan a

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bargaining chip, I hate to see other elements come into

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play here that would affect our position in the Pacific.

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I think ultimately the only way to deal with the

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Iranian regime certainly, and the question of oil and opening

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the Strait of Hormuz is for the US and the

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Gulf Arabs to force it open. I think that's the

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only way to restore deterrence against to Ron turning access

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to the straight on and off like a light switch.

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This idea that they and the Omanis are negotiating what

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toll rates will be in the like is unacceptable. The

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other Golf Arb states have rejected that this morning, and

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I think it shows a huge range of difference that

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still exists between Iran on the one hand, and I

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think not just the Gulf Arabs but the US on

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the other.

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Speaker 1: All Right, so, as assumed, John Bolton wants to use

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the military and going there, but he doesn't want to

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do a full fledge bomb him back to the dark ages.

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Speaker 9: Well, I think if the operation were limited to pushing

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back drone launching sites, going after fast boat protected harbor's

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and that kind of thing, fairly limited boots on the ground. Yeah,

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I think that might well be warranted. I think if

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we could relieve the tension on the international economy by

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providing access for Gulf Arab oil back out into international

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markets while keeping the blockade on Iranian oil, that could

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go a long way toward the pressuring the regime in

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Tehran but eliminating the pressure on the global economy.

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Speaker 1: Clear, John Bolton, if he had his way, he would

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use the military to go and enforce us great open

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and what he would do about getting the regime he

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wants to do, regime change. He came out and said it.

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So that's what's going on there. CIA view Dan Hoffman,

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former CIA station chief in Moscow, here's his view. Yeah.

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Speaker 10: I think the Iranians certainly have used this ceasefire which

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has gone on for weeks now, to rearm and to reconstitute,

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and meanwhile they shut down the Strait of Horrmus, disrupting

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the global economy.

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Speaker 1: That also gives them more leverage.

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Speaker 10: Had we opened the Strait of horrorm moons and then

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begun negotiating, we would have been the ones with greater leverage.

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We don't just want the straight open, as Secretary of

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Rubio has emphasized, we want to deal with Iran's nuclear

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program as well as that highly enriched uranium we want

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out of Iran.

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Speaker 1: But in order of what we want first, the first

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thing is to open the great or Hormones. Now that's

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absolutely critical.

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Speaker 10: The last thing we want is for Iran to be

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able to extort the region and the rest of the

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world by controlling the Strait of Horrmuz international transit there

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with a chokehold on the global economy and taking in

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money that they can use to fund their weapons programs

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as well as their proxy terrorists in the region. We

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are clearly right now at an inflection point. We may

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proceed with negotiations, but Iran has not negotiated in good

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faith to this point. Remember that's why we deployed our

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military assets to the region in February, and it's why

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we launched those kinetic strikes on Iran starting on February

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twenty eighth.

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Speaker 1: Now we really are stalled, aren't we. I mean we

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are just stalled. And the problem is, as every day

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that goes by where there's a stall, the world's economy

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keeps going downhill, and oil and gas prices keep going up,

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Inflation keeps going up, interest rates keep going up. So

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bring they've finished the job, get this thing done, so

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we can all move on, all right, of keeping track

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of things. Global news this afternoon that Tulsi Gabbard, the

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Director of National Intelligence, has sent a letter to the

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White House saying that she is resigning. Here's the alert

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coming from David Spunt over at Box.

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Speaker 11: Now.

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Speaker 12: We are told that Tulsi Gabbard is resigning effective June

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thirtieth because of her husband's recent diagnosis of an aggressive

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form of bone cancer. Our thoughts, of course, are with

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miss Gabbard and her family. Director Gabbard and her husband Abraham.

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She said that Abraham has been her rock since they've

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been married, and she submitted her resignation letter to the

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President and two members of the Senior staff announcing that

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her last day would be June thirtieth because of this

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diagnosis of her husband's bone cancer. Unfortunately, this is something

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that Gabbert says that she cannot continue to manage doing

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two jobs in at that time. So she will continue

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serving in the role of the Director of National Intelligence,

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overseeing the CIA, National Security Council other agencies, but will

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leave June thirtieth because of this tragic news of her

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husband's bone cancer diagnosis. She helps him fight that over

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the coming months.

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Speaker 1: So we've got a few balls in the air. We've

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got Iran obviously, We've got what are we going to

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do about Cuba. We're still dealing with a temporary situation

446
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in Venezuela. I don't even know if Greenland is still

447
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on the list, But there's a lot going on when

448
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it comes to national security, those are big shoes to fill.

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So Byron York from Washington Examiner says his opinion of

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what's going on well.

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Speaker 11: Telsey Gabbert explained that her husband is seriously ill, so

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this is a very important family reason for her to

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leave her job now. At the same time, she has

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never been really in line with the new sort of

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interventionist Trump foreign policy, and there were reports that she

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was kept out of the loop when decisions were made

457
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on issues like Venezuela and Iran, so her leaving would

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not be a huge surprise. Even if there were no

459
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important family reason like this. Also, by the way, just

460
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a couple of months ago, an ally of hers, Joe Kent,

461
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had resigned in a very kind of splashy way, and

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he accused President Trump of being led into war by Israel,

463
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and he was quickly shot down by a lot of

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administration officials, including the President himself. So that didn't help

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really Gabber's standing. So even if there weren't this serious

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family reason, I don't think it would be a huge

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surprise for her to leave the administration.

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Speaker 1: If a lot of people have been asking about that,

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about who's going to be the next one, and a

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lot of people guessed that Tulsi would be on the list.

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But it's for serious, serious health problems with her husband.

472
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It makes all the sense in the world. But like

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Byron said, she has been an anti interventionist, which was

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Trump one point zero, but is certainly not the same

475
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in Trump two point zero. So speaking of President Trump,

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he's got this. The left is calling it a slush fund,

477
00:27:29,039 --> 00:27:34,880
but it's a fun setup to pay people that have

478
00:27:35,039 --> 00:27:39,720
been harmed by the US government, and it's focused on

479
00:27:40,119 --> 00:27:44,200
the Jans six crowd. So a big pushback. I told

480
00:27:44,240 --> 00:27:49,559
you yesterday. The Senate is mad about it. They went home,

481
00:27:49,759 --> 00:27:51,839
and so did the House because the Senate went home,

482
00:27:51,880 --> 00:27:55,880
So they're gone until I think June tenth. In any case,

483
00:27:56,960 --> 00:27:58,839
the whole idea behind this is a lot of the

484
00:27:58,880 --> 00:28:02,599
senators are mad because as the President did not endorse

485
00:28:03,680 --> 00:28:09,920
John Cornyn to be his pick for the Texas Senate race,

486
00:28:09,960 --> 00:28:13,839
which is, by the way, Texas primary is next Tuesday,

487
00:28:14,079 --> 00:28:17,680
So they're mad about that. They're also mad about the

488
00:28:17,759 --> 00:28:22,559
senator from Louisiana, Bill Cassidy, also highly thought of, so

489
00:28:24,160 --> 00:28:26,519
they're not in a mood to go along with what

490
00:28:26,559 --> 00:28:29,480
the President wants. There's a lot of questions about the

491
00:28:29,480 --> 00:28:35,319
guardrails on the one point eight billion dollar slush fund,

492
00:28:35,319 --> 00:28:38,200
whatever you want to call it. Tom tell Us, who

493
00:28:38,279 --> 00:28:41,240
is not running for reelection so he is a senator

494
00:28:41,279 --> 00:28:45,000
that is willing to send zingers to the president, had.

495
00:28:44,880 --> 00:28:48,839
Speaker 13: This look under what circumstances would it ever make sense

496
00:28:48,880 --> 00:28:52,039
to provide restitution for people who are either pled guilty

497
00:28:52,640 --> 00:28:55,359
or were found guilty on a court of law. These

498
00:28:55,400 --> 00:28:58,200
people don't deserve restitution. They many of them deserve to

499
00:28:58,200 --> 00:29:01,079
be in prison. Some of them deserve a pardon because

500
00:29:01,119 --> 00:29:05,039
they were over prosecuted. But this is I mean, this

501
00:29:05,119 --> 00:29:06,400
is just stupid on stilt.

502
00:29:08,000 --> 00:29:10,519
Speaker 1: Stupid on stilt is the headlines. A lot of people

503
00:29:10,519 --> 00:29:13,519
picked up. But he's not happy about it. He's not alone.

504
00:29:13,599 --> 00:29:17,400
These are Republicans pushing back against the president's idea of

505
00:29:17,400 --> 00:29:21,359
a one point eight billion dollar slash funds. Even Scott Jennings,

506
00:29:21,839 --> 00:29:27,039
who is the conservative on CNN, usually defends the president

507
00:29:27,319 --> 00:29:30,599
under any circumstance, not this time.

508
00:29:31,039 --> 00:29:33,720
Speaker 14: Well, I'd certainly agree that anybody who assaults a police

509
00:29:33,720 --> 00:29:35,880
officer should not be getting any payment. In fact, I

510
00:29:35,920 --> 00:29:37,400
think they ought to have to pay the victims and

511
00:29:37,440 --> 00:29:40,039
the victims family. I don't think anybody who goes after

512
00:29:40,079 --> 00:29:42,799
cops directly ought to get any money at all.

513
00:29:42,880 --> 00:29:43,519
Speaker 1: It's number one.

514
00:29:43,640 --> 00:29:44,119
Speaker 13: Number two.

515
00:29:44,160 --> 00:29:46,440
Speaker 14: I'm not surprised the presidents having trouble with the Senate

516
00:29:46,519 --> 00:29:49,200
on this. A. He already had a few senators that

517
00:29:49,240 --> 00:29:51,119
weren't happy with him, and B now there's a couple

518
00:29:51,160 --> 00:29:54,039
more that have nothing to lose really by standing up

519
00:29:54,079 --> 00:29:56,279
to him. So he's going to have some difficult legislative

520
00:29:56,279 --> 00:29:59,480
affairs over the next few months. The next point is

521
00:29:59,559 --> 00:30:01,759
it's one point only eight million dollars. I suspect some

522
00:30:01,839 --> 00:30:03,359
members of Congress are going to want to talk to

523
00:30:03,400 --> 00:30:04,000
him about that.

524
00:30:04,119 --> 00:30:04,279
Speaker 1: Now.

525
00:30:04,359 --> 00:30:06,839
Speaker 14: On the other hand, it's absolutely true that some people

526
00:30:06,839 --> 00:30:09,240
were over prosecuted, as Tom Tillis said. In fact, the

527
00:30:09,240 --> 00:30:13,400
Supreme Court ruled that DOJ overreached with a specific statute

528
00:30:13,400 --> 00:30:16,240
in hundreds of cases. Some people were swept up unfairly.

529
00:30:16,720 --> 00:30:19,079
And I think if you have been treated unfairly by

530
00:30:19,119 --> 00:30:21,480
the government, you ought to be able to apply for

531
00:30:21,519 --> 00:30:25,240
some restitution. But whether this fund is the correct vehicle

532
00:30:25,279 --> 00:30:27,079
for that, I think the Congress is going to want

533
00:30:27,119 --> 00:30:29,599
to talk about that, and I'm not.

534
00:30:29,599 --> 00:30:32,000
Speaker 13: Surprised the President's having trouble with it on Capitol Hill.

535
00:30:32,599 --> 00:30:36,480
Speaker 1: Yeah, it really is the first pushback against him since

536
00:30:36,519 --> 00:30:39,480
he'd been president one point zero and two point zero.

537
00:30:40,279 --> 00:30:44,039
So with all of that busy Friday, busy getaway for

538
00:30:44,240 --> 00:30:48,240
the holiday, I hope you have an opportunity to rest

539
00:30:48,240 --> 00:30:52,480
and relax for the next three days we have. The

540
00:30:52,519 --> 00:30:54,960
market was busy today. Let's take a look at the

541
00:30:55,039 --> 00:30:59,440
closing numbers. Start with the Dow and low and behold,

542
00:30:59,519 --> 00:31:03,079
there we are new record. The Dad Jones Industrial is

543
00:31:03,160 --> 00:31:06,559
up two hundred and ninety four. It's at fifty thousand

544
00:31:06,599 --> 00:31:10,200
and five seventy nine. That's a new record high. SMP

545
00:31:10,400 --> 00:31:14,720
up twenty seven NASDAK up fifty gold felt thirty three

546
00:31:14,759 --> 00:31:18,039
dollars down to four thousand and five oh nine, and

547
00:31:18,640 --> 00:31:22,359
the price of oil was up this part of a

548
00:31:22,440 --> 00:31:27,519
dollar ninety six dollars and some change for one barrel

549
00:31:27,720 --> 00:31:32,720
of West Texas Intermediate. So have yourself a wonderful weekend,

550
00:31:33,480 --> 00:31:39,480
wonderful Memorial Day. Remember, Memorial Day is about those who died.

551
00:31:39,599 --> 00:31:42,119
This is not veterans. People get it confused. Veterans Day

552
00:31:42,160 --> 00:31:45,799
is for everybody that served. Memorial Day is the veterans

553
00:31:45,839 --> 00:31:50,160
who are the soldiers and sailors that died on the battlefield.

554
00:31:50,759 --> 00:31:58,319
In fact, yesterday, at Arlington, they have an annual event

555
00:31:58,400 --> 00:32:02,920
they put on since nineteen forty eight where actiduty soldiers

556
00:32:02,920 --> 00:32:05,960
are sent over to Arlington with flags to put on

557
00:32:06,119 --> 00:32:13,400
the grave of every single tombstone at Arlington. That adds

558
00:32:13,519 --> 00:32:19,839
up to two hundred and fifty thousand flags at Arlington Cemetery.

559
00:32:20,279 --> 00:32:23,440
Fifteen hundred soldiers were dispatched over there to put those out.

560
00:32:23,480 --> 00:32:26,720
They've been doing that since nineteen forty eight. So if

561
00:32:26,759 --> 00:32:31,720
you have a chance and there's a military section in

562
00:32:31,960 --> 00:32:36,039
the graveyard cemetery near you. If you have a chance,

563
00:32:36,119 --> 00:32:39,680
go pay some holage. Thank you to you for coming

564
00:32:39,680 --> 00:32:43,519
by today, Enjoy your long weekend, and we'll be back

565
00:32:43,599 --> 00:32:46,119
next week. I hope to see you there