1 00:00:22,719 --> 00:00:26,480 Speaker 1: And hello, how are you welcome to the Big podcast 2 00:00:26,559 --> 00:00:30,719 on this Monday today. It's the thirteenth day of July, 3 00:00:31,399 --> 00:00:34,000 Year of Our Lord, twenty twenty six. My name is 4 00:00:34,039 --> 00:00:38,560 Tom Sullivan. And before we delve into all of the 5 00:00:38,679 --> 00:00:47,359 topics of the day, I must apologize and inform I'm 6 00:00:47,399 --> 00:00:51,000 never run into this, but it's a you know, podcasts 7 00:00:51,039 --> 00:00:54,520 are different than radio shows. Did radio shows forever. But 8 00:00:54,679 --> 00:00:59,479 I was all set to do the Financial Friday podcast 9 00:01:00,079 --> 00:01:05,040 and Friday night Friday after that Friday evening, and I 10 00:01:05,079 --> 00:01:08,120 was all set to do it, and I tried to 11 00:01:08,200 --> 00:01:13,159 log into where we keep all of the files your 12 00:01:13,280 --> 00:01:17,560 phone calls had been downloaded and ready to go, and 13 00:01:17,719 --> 00:01:21,599 was all ready to put into the program, and I 14 00:01:21,640 --> 00:01:26,959 couldn't get in. I could not, No, it was I 15 00:01:27,319 --> 00:01:31,840 couldn't my user name, my password, nothing would work. So, 16 00:01:32,719 --> 00:01:37,480 like any big corporation, iHeart has a help desk, and 17 00:01:37,519 --> 00:01:40,439 I called the help desk, and the help desks again, 18 00:01:40,519 --> 00:01:43,879 we got to, you know, upgrade this to this other higher. 19 00:01:44,519 --> 00:01:48,439 So this guy gets on the line and he said, uh, yeah, 20 00:01:48,599 --> 00:01:55,280 the the contract has inspired. I said, what contract? He said, 21 00:01:55,280 --> 00:01:56,959 I don't know. It says there, it's a contract here 22 00:01:57,000 --> 00:02:03,439 and expired on Friday the tenth, So I couldn't do anything. 23 00:02:03,879 --> 00:02:08,120 I mean I couldn't send out a message. I couldn't 24 00:02:08,159 --> 00:02:13,759 send out a note, I couldn't create anything. So this morning, 25 00:02:14,000 --> 00:02:16,360 on this Monday, I got a hold of I mean, 26 00:02:16,400 --> 00:02:18,240 I went right up the chain up to near the 27 00:02:18,240 --> 00:02:20,960 top of the company, and I said, what's going on? 28 00:02:21,080 --> 00:02:24,080 And the problem becomes And I'm not bashing in any 29 00:02:24,080 --> 00:02:28,199 way the fine folks at iHeart, but they've had a. 30 00:02:28,199 --> 00:02:29,000 Speaker 2: Lot of layoffs. 31 00:02:29,639 --> 00:02:32,919 Speaker 1: I mean thousands of people have been laid off over 32 00:02:32,919 --> 00:02:38,000 the years in large groups, large waves, And there was 33 00:02:38,240 --> 00:02:43,000 just recently another big wave and the guy who was 34 00:02:43,080 --> 00:02:47,639 in charge of making sure that my contract was dusted off, 35 00:02:47,719 --> 00:02:52,280 renewed in effect and all that, well, he was one 36 00:02:52,280 --> 00:02:57,800 of those that was let go. So nothing happened, and 37 00:02:57,879 --> 00:03:01,919 it expired. And when it expired, it's controlled by computers, 38 00:03:01,960 --> 00:03:05,199 not by people, and computers said, sorry, this is this, 39 00:03:05,680 --> 00:03:10,759 this has expired, So IX nay on anything. I apologize. 40 00:03:10,800 --> 00:03:15,159 So they are working behind the scenes trying to figure 41 00:03:15,199 --> 00:03:18,680 out how to bring back the life a debt agreement 42 00:03:19,439 --> 00:03:22,879 that was supposed to be managed by somebody who did 43 00:03:22,879 --> 00:03:24,840 a great job of managing it as long as he 44 00:03:24,879 --> 00:03:29,960 was working, but he was let go. I don't know 45 00:03:30,000 --> 00:03:31,960 how else to tell it. I don't know what your 46 00:03:32,000 --> 00:03:37,000 reaction is. It's I'm kind of numb to it because 47 00:03:37,240 --> 00:03:41,560 there's been layoffs at iHeart for years, and they just 48 00:03:41,759 --> 00:03:46,919 they're always in large numbers, and it's it's always sad. 49 00:03:47,840 --> 00:03:50,879 But that's that's what it is, and there's nothing I 50 00:03:50,879 --> 00:03:54,319 could do about it. So until further notice, I'm not 51 00:03:54,439 --> 00:03:58,240 going to be able to I need to get access 52 00:03:58,280 --> 00:04:01,840 to the parts of the company's computer system that keeps 53 00:04:02,560 --> 00:04:07,120 phone calls, and I don't have access right now. So 54 00:04:07,319 --> 00:04:10,159 we'll just march into today and I'll keep you up 55 00:04:10,199 --> 00:04:15,680 to date on what is happening when we can get 56 00:04:15,680 --> 00:04:17,959 that thing fire back up again. We just got it started. 57 00:04:18,000 --> 00:04:20,959 We've just done what three or four of them, So 58 00:04:21,160 --> 00:04:24,399 Financial Friday is on hiatus for a little bit, and 59 00:04:24,399 --> 00:04:29,000 we'll let you know when it comes back. Meantime. Speaking 60 00:04:29,040 --> 00:04:32,720 of shockers, I was very shocked when on Friday evening 61 00:04:33,920 --> 00:04:37,600 and then get up Saturday and find out that Lindsey 62 00:04:37,720 --> 00:04:43,920 Graham had passed away Saturday. I'm not sure what day 63 00:04:44,079 --> 00:04:46,040 I said. I think it was Saturday he died, got 64 00:04:46,079 --> 00:04:51,160 up Sunday and he knews that he had passed away. 65 00:04:51,480 --> 00:04:54,199 I've met him. I mean, I've talked to him a 66 00:04:54,240 --> 00:04:56,759 little bit in a green room one time. That's that's 67 00:04:56,800 --> 00:04:59,759 my extent of knowing. Lindsey Graham seemed like a nice 68 00:04:59,800 --> 00:05:05,040 and guy power I mean, he built himself into a powerhouse. 69 00:05:05,079 --> 00:05:09,120 He was running against Donald Trump, and he called Donald 70 00:05:09,160 --> 00:05:12,319 Trump every name under the book. And then Donald Trump 71 00:05:12,360 --> 00:05:15,199 won and Lindsey Graham went out and played golf with them. 72 00:05:15,240 --> 00:05:19,360 Next thing, you know, they were pals. A lot of 73 00:05:19,399 --> 00:05:22,839 people wondered about that. A lot of people thought, well, 74 00:05:23,160 --> 00:05:29,480 how did that happen? So yes, here's Lindsey Graham from 75 00:05:29,519 --> 00:05:34,439 his hometown in South Carolina in twenty fifteen, when he 76 00:05:34,519 --> 00:05:38,600 had just announced that he was running for president. Here's 77 00:05:38,680 --> 00:05:39,480 Senator Graham. 78 00:05:39,600 --> 00:05:41,800 Speaker 3: There are a lot of so called self made people 79 00:05:41,800 --> 00:05:47,879 in this world. I am not one of them. My family, 80 00:05:49,199 --> 00:05:53,879 my friends, neighbors, and my faith picked me up when 81 00:05:53,879 --> 00:05:57,959 I was down, believed in me when I had doubts. 82 00:05:58,839 --> 00:06:00,759 Speaker 4: You made me the man I am today. 83 00:06:03,040 --> 00:06:05,040 Speaker 1: He was one of the I think there were seventeen 84 00:06:06,000 --> 00:06:09,600 Republicans that were running for president and Donald Trump mowed 85 00:06:09,639 --> 00:06:12,360 them all down and became the nominee and the president. 86 00:06:13,199 --> 00:06:18,160 So Lindsey Graham. Now everybody, of course, when somebody passes away, 87 00:06:18,879 --> 00:06:25,199 everybody says nice things. It's just polite. But I also 88 00:06:25,319 --> 00:06:29,920 find it, I don't know, it's a little more raise 89 00:06:29,959 --> 00:06:34,199 an eyebrow when you see Democrats come out and talk 90 00:06:34,279 --> 00:06:37,639 about how much they loved Lindsey Graham and what a 91 00:06:37,680 --> 00:06:40,680 great guy he was, and they fought tooth and nail. 92 00:06:40,720 --> 00:06:43,920 But the stories really are coming out that he really 93 00:06:43,959 --> 00:06:48,079 did have a lot of relationships across the aisle. And 94 00:06:48,120 --> 00:06:51,720 I've talked about this with you before. If you talk 95 00:06:51,800 --> 00:06:55,920 to people that were members of Congress years ago, they 96 00:06:55,959 --> 00:06:59,920 were friends with everybody. They knew each other from a 97 00:07:00,000 --> 00:07:02,560 across the aisle, they knew each other personally, they knew 98 00:07:02,560 --> 00:07:08,000 their families, they knew their children, They had a relationship 99 00:07:08,040 --> 00:07:11,759 with people across sale. Now it's become very poisonous, and 100 00:07:11,920 --> 00:07:15,399 Republicans act like they hate Democrats, and Democrats act like 101 00:07:15,439 --> 00:07:18,079 they hate Republicans. They won't have anything to do with 102 00:07:18,120 --> 00:07:21,560 each other. And it's also part of the scheduling of 103 00:07:21,639 --> 00:07:24,160 being a Congress member of Congress, whether it's the House 104 00:07:24,240 --> 00:07:29,720 or the Senate, is that you come in, you give 105 00:07:29,759 --> 00:07:34,519 your speech and you leave. You don't ever have time together, 106 00:07:34,879 --> 00:07:39,519 very very little time together. So Lindsey Graham was one 107 00:07:39,560 --> 00:07:44,720 of the old school. He was a longtime jag officer 108 00:07:44,759 --> 00:07:47,959 in the Air Force, judge affac at General. He was 109 00:07:48,800 --> 00:07:53,000 a lawyer, Air Force lawyer for many many years. Also 110 00:07:53,439 --> 00:07:58,120 many many years in the Senate. So he was seventy 111 00:07:58,160 --> 00:08:03,480 one years of age. His dad died of a massive 112 00:08:03,480 --> 00:08:05,920 heart attack when his father was sixty nine. And one 113 00:08:05,920 --> 00:08:07,639 of the things that I know a lot of doctors 114 00:08:07,639 --> 00:08:10,199 will tell you is if you have heart disease in 115 00:08:10,240 --> 00:08:14,319 your family, you probably have it too. If you don't 116 00:08:14,360 --> 00:08:16,839 have anybody in the family that has heart has had 117 00:08:17,079 --> 00:08:22,639 heart troubles, you probably don't have heart troubles. Here's doctor 118 00:08:23,040 --> 00:08:23,839 Jonathan Reiner. 119 00:08:23,879 --> 00:08:24,319 Speaker 5: He was. 120 00:08:26,199 --> 00:08:30,279 Speaker 1: Dick Cheney's heart doctor and kept Dick Cheney alive for 121 00:08:30,319 --> 00:08:33,879 many many years. Here here's what doctor Reiner had to say. 122 00:08:34,000 --> 00:08:38,480 Speaker 6: The heart transmits bled to the body through initially a 123 00:08:38,600 --> 00:08:44,200 very large artery called the aorta. So picture a vessel 124 00:08:44,240 --> 00:08:48,080 about twice the diameter of a garden house and highly pressurized. 125 00:08:48,600 --> 00:08:51,080 You know, the pressure in your orda is the pressure 126 00:08:51,120 --> 00:08:54,679 that your doc measures with a blood pressure cuff, so 127 00:08:54,679 --> 00:09:00,159 it's highly pressurized. And the aorda is a vessel that 128 00:09:00,240 --> 00:09:03,320 has three layers, and the innermost layer of the aorta 129 00:09:03,399 --> 00:09:07,240 is called the entima, and an aortic dissection is a 130 00:09:07,399 --> 00:09:10,639 tear in that innermost lining that allows blood to get 131 00:09:10,720 --> 00:09:14,919 into the actual wall of the artery, and many bad 132 00:09:14,960 --> 00:09:19,000 things can happen when that occurs. So when blood, when 133 00:09:19,000 --> 00:09:21,120 blood moves into the wall of the artery, it can 134 00:09:21,159 --> 00:09:24,240 compress the channel that's actually carrying blood out to the body, 135 00:09:24,600 --> 00:09:27,919 and that creates a lack of blood flow to the 136 00:09:27,919 --> 00:09:30,679 heart itself, to the brain, you know, to the major 137 00:09:30,799 --> 00:09:34,000 organs in the in the abdomen. And the other thing 138 00:09:34,000 --> 00:09:38,519 that can happen is when that or when the aorda dissects, 139 00:09:39,080 --> 00:09:43,840 it can also rupture. And this massive, uh, this massive 140 00:09:44,080 --> 00:09:47,720 artery under high pressure can deliver a catastrophic amount of 141 00:09:47,720 --> 00:09:50,639 blood into the chest in a very short period of time. 142 00:09:51,120 --> 00:09:56,360 And when that happens, that's typically unsurvivable injury. UH. When 143 00:09:56,559 --> 00:10:00,200 the vessel is dissected but not ruptured, there is is 144 00:10:00,240 --> 00:10:04,039 a relatively short window during which a patient can be salvage. 145 00:10:04,919 --> 00:10:07,799 Speaker 1: Yeah, so that is some of the technical stuff about it. 146 00:10:08,519 --> 00:10:13,159 An emergency room doc, doctor Jeremy Faust. He's a Harvard 147 00:10:13,240 --> 00:10:16,840 trained er doc, and he makes I don't know, he 148 00:10:16,919 --> 00:10:19,159 sounds like he explains it in better English. 149 00:10:19,399 --> 00:10:23,279 Speaker 2: There are several types of orgic the section, but they 150 00:10:23,320 --> 00:10:29,000 are extraordinarily dangerous emergencies. Probably around half of the people 151 00:10:29,039 --> 00:10:33,480 who have a spontaneous or the section die before they 152 00:10:33,559 --> 00:10:36,639 reach the hospital, and from there, the mortality of the 153 00:10:36,679 --> 00:10:39,399 people who even make it to the hospital is very 154 00:10:39,440 --> 00:10:42,559 time dependent. Maybe one to two percent per hour will 155 00:10:42,600 --> 00:10:45,879 die with every hour of delay. So if you're having 156 00:10:46,039 --> 00:10:49,000 chest pain, the classic teaching is chest pain with a 157 00:10:49,120 --> 00:10:52,799 kind of tearing, ripping sensation going to the back. Anyone 158 00:10:52,840 --> 00:10:57,120 experiencing that needs to seek medical attention immediately. The way 159 00:10:57,120 --> 00:10:59,720 I've heard it described is the sensation that you are 160 00:10:59,720 --> 00:11:02,840 stat and you turn around but nobody's there. It is 161 00:11:03,000 --> 00:11:04,919 that strong of a sensation. 162 00:11:05,720 --> 00:11:08,399 Speaker 1: Yeah, so, Lindsey Graham, I mean, you can look at 163 00:11:08,440 --> 00:11:12,200 it sadly, but you can also look at it. And 164 00:11:14,000 --> 00:11:17,120 he went fast. He just dropped and that was it. It 165 00:11:17,039 --> 00:11:21,879 was over. It was it's quick, it's immediate. He did 166 00:11:21,879 --> 00:11:27,480 not suffer. I remember, if you remember Three's Company, John 167 00:11:27,559 --> 00:11:32,200 Ritter was the star of Three's company. He also was 168 00:11:32,240 --> 00:11:34,720 on a set doing the show and had the same 169 00:11:35,480 --> 00:11:40,080 same thing just dropped right in his track. So it's 170 00:11:40,840 --> 00:11:47,000 it is sad. Donald Trump was basically on the phone 171 00:11:47,000 --> 00:11:52,320 with the guy with Lindsey Graham just shortly before his 172 00:11:52,399 --> 00:11:54,600 heart gave out. Here's a little bit of what the 173 00:11:54,600 --> 00:11:55,360 President said. 174 00:11:55,639 --> 00:11:58,440 Speaker 5: Well, thank you. He's a tough one to lose. He's 175 00:11:58,960 --> 00:12:02,559 he was great, he was unique and every way actually, 176 00:12:03,879 --> 00:12:06,320 so what makes it even strangers that I got a 177 00:12:06,360 --> 00:12:11,039 call last night sometime, you know, the early evening, maybe 178 00:12:11,080 --> 00:12:14,840 in the sevens, and he called and he said, we're 179 00:12:14,840 --> 00:12:17,360 all set for the Save America Act. He was pushing 180 00:12:17,480 --> 00:12:20,320 to Save America Act like crazy. He got back, said 181 00:12:20,360 --> 00:12:23,639 he just landed from Ukraine. I said, that's a long 182 00:12:23,720 --> 00:12:26,440 trip to Mecca. He said, he sounded a little tired 183 00:12:26,480 --> 00:12:28,840 but perfect. But it's a little bit tired. I had 184 00:12:28,840 --> 00:12:31,840 a right to be. Then. He was a worker, he 185 00:12:31,879 --> 00:12:35,360 was really a worker. But but he sounded great. Actually, 186 00:12:35,360 --> 00:12:38,000 but he was. He was He actually said he was tired, 187 00:12:38,879 --> 00:12:41,559 but he wanted to pass the Save America Act. And 188 00:12:41,639 --> 00:12:43,879 I said, well, we're going to get it done, lindsay, 189 00:12:43,919 --> 00:12:45,600 We're going to get it done. I'll see you like soon. 190 00:12:45,720 --> 00:12:49,440 We thought we might even meet today, and then that 191 00:12:49,559 --> 00:12:53,399 was it. And that was, you know, very around the time. 192 00:12:53,480 --> 00:12:55,480 It couldn't have been much longer. It could have been 193 00:12:55,480 --> 00:12:58,360 his last call. I don't know exactly, but I got 194 00:12:58,399 --> 00:13:01,559 a message about one o'clock in the morning from one 195 00:13:01,559 --> 00:13:04,000 of the people at his office that he had passed away. 196 00:13:04,639 --> 00:13:08,559 I said, I just can't believe it. He was like 197 00:13:08,600 --> 00:13:11,000 a member of the family to me. It's very tough. Actually, 198 00:13:11,399 --> 00:13:16,039 it's amazing he was. He was such an advocate. He was, 199 00:13:16,200 --> 00:13:19,159 you know, if he wanted to get something, and you know, 200 00:13:19,200 --> 00:13:21,720 he had a unique ability. He was able to deal 201 00:13:21,759 --> 00:13:25,000 with Democrats. And if I had a problem, a real problem, 202 00:13:25,240 --> 00:13:28,159 I wouldn't often ask, but if I had a problem 203 00:13:28,159 --> 00:13:29,879 with a Democrat, he could work it out. 204 00:13:30,159 --> 00:13:33,600 Speaker 7: He was a great He was a great politician. Actually 205 00:13:34,600 --> 00:13:39,759 that was from Meet the Press yesterday morning. And since then, 206 00:13:40,039 --> 00:13:42,519 I mean, it's it's I don't know, maybe you'll take 207 00:13:42,559 --> 00:13:43,320 it ghoulish, but. 208 00:13:43,320 --> 00:13:49,240 Speaker 1: I mean it's politics. He won the primary for South 209 00:13:49,279 --> 00:13:53,360 Carolina for the Republicans. But the election coming up in November, 210 00:13:53,799 --> 00:13:57,360 what do you do, because now he has passed on, 211 00:13:57,679 --> 00:13:59,639 they're going to have the Republicans are going to have 212 00:13:59,720 --> 00:14:05,919 to pick a new person, and that primary will be 213 00:14:06,200 --> 00:14:09,320 August fourth. So for a bunch of people that are 214 00:14:09,360 --> 00:14:11,879 Republicans in South Carolina, they got a hustle to get 215 00:14:11,879 --> 00:14:15,360 together and figure out how to run a campaign to 216 00:14:15,440 --> 00:14:20,559 be elected as denominee replacing Lindsey Graham as far as 217 00:14:21,200 --> 00:14:24,399 between now and the end of the year. Today, the 218 00:14:24,440 --> 00:14:31,399 Governor of South Carolina has appointed Lindsey's sister, Darlene Graham 219 00:14:31,720 --> 00:14:36,639 Nordon is Lindsay's sister, and she has been selected by 220 00:14:36,639 --> 00:14:40,200 the governor to be the temporary senator from South Carolina. 221 00:14:40,279 --> 00:14:45,320 So she will serve going forward until the end of 222 00:14:45,360 --> 00:14:49,320 this congressional period, which will be the first couple of 223 00:14:49,399 --> 00:14:52,679 days of January, and then by then they will have 224 00:14:52,759 --> 00:14:55,799 put together a primary, selected a candidate, and the people 225 00:14:55,840 --> 00:14:59,159 of South Carolina will decide who their senator will be 226 00:14:59,279 --> 00:15:03,639 going forward. The sister is an interesting story too, because 227 00:15:04,159 --> 00:15:08,200 Lindsey Graham, like I said, seventy one massive heart attack. 228 00:15:09,000 --> 00:15:16,720 He had this aora dissection, and his father died suddenly 229 00:15:16,799 --> 00:15:19,440 from a heart attack. It was probably the same thing 230 00:15:20,080 --> 00:15:24,000 when his father was sixty nine, so it's about the 231 00:15:24,080 --> 00:15:28,720 same age and his mother had died a few months 232 00:15:28,799 --> 00:15:32,759 before or after his father, and he was a young guy. 233 00:15:32,840 --> 00:15:36,039 I think he was eighteen or nineteen years old, and 234 00:15:36,480 --> 00:15:41,320 he had a thirteen year old sister, and he took 235 00:15:41,360 --> 00:15:45,759 care of her, raised her, adopted her, even though they 236 00:15:45,759 --> 00:15:48,600 were brother and sister, so that he was the guardian 237 00:15:48,799 --> 00:15:52,039 over his sister. So she is now going to be 238 00:15:52,120 --> 00:15:56,960 the guardian of that seat from South Carolina, at least 239 00:15:57,039 --> 00:16:01,200 until January. So the governor of South Carolina appointed her 240 00:16:02,080 --> 00:16:07,159 this afternoon. Tim Scott, the other Senator from South Carolina, 241 00:16:07,559 --> 00:16:12,159 close on many different levels with Lindsey Graham, had this 242 00:16:12,240 --> 00:16:12,720 to sent. 243 00:16:12,879 --> 00:16:16,679 Speaker 8: Well, Jake Gosh, America's lost a truth statesman. We don't 244 00:16:16,720 --> 00:16:19,200 have many left, but he was a true statesman. But 245 00:16:19,240 --> 00:16:22,759 I've lost a friend. It is a morning of mourning 246 00:16:22,799 --> 00:16:27,080 for me. It's a powerful reminder that life is fleeting, 247 00:16:27,799 --> 00:16:30,679 that we are not here very long. If I were 248 00:16:30,720 --> 00:16:32,679 to tell stories about Linda Graham, one of the most 249 00:16:32,679 --> 00:16:35,039 important stories about Lindsing Graham is that when I was 250 00:16:35,039 --> 00:16:38,559 a new senator, he welcomed me in. He knew that 251 00:16:38,720 --> 00:16:43,159 my path was different. He understood the power of change 252 00:16:43,200 --> 00:16:45,600 in South Carolina and how much our state had changed, 253 00:16:45,639 --> 00:16:47,840 but he was one of the first folks in the 254 00:16:47,919 --> 00:16:50,960 Senate to welcome me in with open arms. And I 255 00:16:51,000 --> 00:16:53,679 will say that I do a South Line of Prayer 256 00:16:53,759 --> 00:16:57,360 breakfast every year in DC. And I called Lindsay the 257 00:16:57,399 --> 00:17:00,200 first time, and Lindsey says, Tim, if this thing's r 258 00:17:00,399 --> 00:17:03,559 for ten am, I'm not coming because I'm not going 259 00:17:03,639 --> 00:17:06,799 even if Jesus comes back before ten am. And I 260 00:17:06,920 --> 00:17:08,880 just laughed out loud. And of course it started at 261 00:17:08,880 --> 00:17:11,079 eight thirty and he walked to the door at eight 262 00:17:11,119 --> 00:17:15,039 thirty one. Lindsey Graham. He was just the kind of 263 00:17:15,119 --> 00:17:21,000 committed person that you don't really appreciate how much how 264 00:17:21,079 --> 00:17:24,279 committed he was to America. I can't think Jacob a 265 00:17:24,559 --> 00:17:29,240 more committed public servant to this country. His family was 266 00:17:29,240 --> 00:17:32,400 his sister that he adopted when he was nineteen and 267 00:17:32,440 --> 00:17:36,039 she was thirteen. Because their parents died within fifteen months 268 00:17:36,400 --> 00:17:40,240 in America, he spent every single day, every week and 269 00:17:40,440 --> 00:17:45,079 going somewhere trying to make America a safer country. And 270 00:17:45,240 --> 00:17:48,559 I'll say this because of the pain of his past, 271 00:17:49,119 --> 00:17:51,480 his father dying of a massive heart attack at I 272 00:17:51,519 --> 00:17:54,119 think he was sixty nine years old, his mother dying 273 00:17:54,160 --> 00:17:57,640 of cancer, Lindsey Grim had a passion for so many 274 00:17:57,640 --> 00:18:01,680 of the important issues around cancer research and around taking 275 00:18:01,720 --> 00:18:04,839 care of people. He didn't want anyone to feel invisible 276 00:18:05,079 --> 00:18:09,319 in his presence, and he used levity and wit to 277 00:18:09,440 --> 00:18:13,119 help people go through really hard times. And I got 278 00:18:13,119 --> 00:18:16,000 to tell you, it's just a devastating loss for our 279 00:18:16,039 --> 00:18:19,240 state of South Carolina and frankly for me as an individual. 280 00:18:19,799 --> 00:18:22,640 Speaker 1: And Mark Shart, who was the chief of staff to 281 00:18:22,920 --> 00:18:25,079 Mike Pence, said this. 282 00:18:25,000 --> 00:18:28,440 Speaker 9: I think in a time when Washington is going through 283 00:18:28,480 --> 00:18:31,000 one of his most divisive chapters, it's hard to think 284 00:18:31,039 --> 00:18:35,599 of a legislator who was more joyful in representing his constituents. 285 00:18:35,640 --> 00:18:40,279 And I think uniquely had close friendships with John McGain, Democrat, 286 00:18:40,400 --> 00:18:43,480 Joe Lieberman, and Donald Trump. I think that's a trifecta. 287 00:18:43,559 --> 00:18:46,960 That's pretty hard for anyone else to boast of having 288 00:18:46,960 --> 00:18:50,279 those friendships. But you know, look, I mean, Graham went 289 00:18:50,359 --> 00:18:54,720 from in twenty sixteen referring to Donald Trump as a 290 00:18:54,720 --> 00:18:59,039 bigot and condemning him to becoming one of his closest 291 00:18:59,319 --> 00:19:02,920 allies in Congress during the first term, to then on 292 00:19:03,039 --> 00:19:06,000 January sixth, you know, announcing I'm out. I can't do 293 00:19:06,079 --> 00:19:08,400 this anymore with this is not what I signed up 294 00:19:08,400 --> 00:19:10,960 for to once again becoming one of his closest allies. 295 00:19:11,000 --> 00:19:15,519 But you know, for Senator Graham looked at his causes 296 00:19:15,599 --> 00:19:18,319 of It's hard to think of somebody who was more 297 00:19:18,359 --> 00:19:22,400 involved in trying to defend Ukraine from Russian and Grants aggression, 298 00:19:22,640 --> 00:19:28,200 keeping alliances with Israel, defending judicial nominations, and perhaps most notably, 299 00:19:28,279 --> 00:19:31,799 defending Brett Kavanaugh of fighting for life like he used 300 00:19:31,799 --> 00:19:34,480 those relationships to advance the causes and agendas that he 301 00:19:34,519 --> 00:19:36,319 felt was most important disconstituents. 302 00:19:36,680 --> 00:19:40,559 Speaker 1: Now, his arguments in favor of Brent Kavanaugh were a 303 00:19:40,599 --> 00:19:45,359 classic moment in Congress. And finally, Alex Thompson from Accios 304 00:19:46,160 --> 00:19:46,720 said this. 305 00:19:47,039 --> 00:19:48,960 Speaker 10: I mean, you look at all the reporting about the 306 00:19:49,000 --> 00:19:52,359 average age of Congress over the last thirty years has 307 00:19:52,440 --> 00:19:56,279 gone up by decades, and you've added several even members 308 00:19:56,680 --> 00:19:59,640 and it's bipartisan. You've had several members the Democratic Party 309 00:19:59,640 --> 00:20:03,599 in the House US die in office. You've had senators 310 00:20:03,720 --> 00:20:08,160 last you know, too too long, honestly beyond their you 311 00:20:08,200 --> 00:20:12,359 know capacity to Senator Dianne Feinstein, you know, Sender Mitch McConnell, 312 00:20:12,359 --> 00:20:14,200 I think if you were to really ask. 313 00:20:14,519 --> 00:20:14,640 Speaker 11: Uh. 314 00:20:14,799 --> 00:20:17,119 Speaker 10: You know a lot of former Mitch McConnell staffers if 315 00:20:17,240 --> 00:20:21,039 they believe that he is at his best right now, Uh, 316 00:20:21,279 --> 00:20:23,240 they if you put them on true serm, they would 317 00:20:23,440 --> 00:20:26,599 they would say, no, that maybe he is not, you know, 318 00:20:26,680 --> 00:20:28,799 at his best in terms of being able to serve 319 00:20:28,839 --> 00:20:32,319 the people of Kentucky. And you know it, aging is difficult, 320 00:20:32,480 --> 00:20:35,440 it's fine, it's also very sensitive. But the fact is 321 00:20:35,480 --> 00:20:38,400 that these are public positions. They are taxpayer dollars paying 322 00:20:38,400 --> 00:20:41,640 their salaries, and there are some people that are no 323 00:20:41,759 --> 00:20:45,640 longer capable. And you're even seeing this in some of 324 00:20:45,680 --> 00:20:49,319 the re election campaigns right now. Sender Murky in Massachusetts 325 00:20:49,359 --> 00:20:52,480 is running for another term at seventy nine years old 326 00:20:52,519 --> 00:20:55,079 and promising to be you know, just one more term. 327 00:20:55,160 --> 00:20:57,880 But this issue is not going away, in part because 328 00:20:57,920 --> 00:21:00,640 these are public positions with saxbary salaries. 329 00:21:00,920 --> 00:21:03,440 Speaker 1: Yeah, age does seem to be more in the headlines 330 00:21:03,759 --> 00:21:06,480 now than it used to be. We've got a lot 331 00:21:06,559 --> 00:21:10,680 of really old people in Congress, and you want sharp minds, 332 00:21:10,720 --> 00:21:14,200 you don't want experiences. Great, but they've got to keep 333 00:21:14,440 --> 00:21:19,480 their marble straight. So Alex Thompson points out the obvious 334 00:21:19,640 --> 00:21:23,359 and brought up Mitch McConnell. Mitch McConnell put out a 335 00:21:23,359 --> 00:21:28,319 statement finally, after three plus weeks of silence, that he 336 00:21:28,359 --> 00:21:31,839 apparently claims that he had a fall and a mild 337 00:21:31,880 --> 00:21:37,960 case of pneumonia. Well, doctor Jeremy Faust, the emergency room doctor, 338 00:21:38,000 --> 00:21:39,160 said that doesn't make sense. 339 00:21:39,799 --> 00:21:42,680 Speaker 2: The problem that we have here is a mismatch between 340 00:21:43,240 --> 00:21:48,519 the description of what's occurred to the senator and the 341 00:21:48,799 --> 00:21:51,400 level of care he's needing. If he's saying, if his 342 00:21:51,480 --> 00:21:53,920 team is saying that he had a fall and a 343 00:21:53,960 --> 00:21:57,640 mild case of pneumonia, that doesn't really comport with somebody 344 00:21:57,799 --> 00:22:01,440 who's been in the hospital for over for almost a 345 00:22:01,480 --> 00:22:04,680 month now and not communicative with the public. We hear 346 00:22:05,359 --> 00:22:08,319 lots of different stories online and on your network about 347 00:22:08,519 --> 00:22:12,680 the communication. But if it's that mild, then it really 348 00:22:12,839 --> 00:22:16,559 wouldn't necessitate this level of care. On the other hand, 349 00:22:17,079 --> 00:22:19,759 if he did receive CPR, which they're not saying he did, 350 00:22:20,319 --> 00:22:22,039 it would be much more likely that he would need 351 00:22:22,079 --> 00:22:24,240 long term care. So I'm worried that there are some 352 00:22:24,279 --> 00:22:27,640 missing pieces here because falls can be devastating and pneumonia 353 00:22:27,680 --> 00:22:31,119 can be devastating, can cause stepsis and death, but it 354 00:22:31,200 --> 00:22:33,160 sounds to me like a mild case wouldn't be that. 355 00:22:33,240 --> 00:22:35,160 So I think that there are a lot of questions still. 356 00:22:35,359 --> 00:22:35,880 Speaker 5: They do that. 357 00:22:35,960 --> 00:22:39,400 Speaker 1: I mean, Mitch McConnell is a very private person, but 358 00:22:39,599 --> 00:22:43,599 still your public servant. You ought to be straight with 359 00:22:43,720 --> 00:22:47,440 the public, no question about it. And over the weekend, 360 00:22:48,119 --> 00:22:52,160 Iran has flared back up again. This come on, let's 361 00:22:52,200 --> 00:22:54,759 not play games. There's no cease fire. They keep saying 362 00:22:55,759 --> 00:22:58,200 there's a cease fire, and it keeps being violated. No, 363 00:22:58,279 --> 00:23:01,119 there is a de cease fire. They're shooting at each other. 364 00:23:02,319 --> 00:23:07,359 And the President today came out with something that I 365 00:23:07,480 --> 00:23:10,160 raised my eyebrows. Listen to what the President was talking 366 00:23:10,200 --> 00:23:12,759 about regarding the Strait of hormoes. 367 00:23:13,839 --> 00:23:17,160 Speaker 5: We've had ten deals with these people, and so we're 368 00:23:17,200 --> 00:23:19,720 just going to hit them very hard and we're going 369 00:23:19,799 --> 00:23:22,839 to keep the straight and we'll probably run it. Will 370 00:23:22,880 --> 00:23:25,119 become the Guardian of the Strait. Maybe we'll call it 371 00:23:25,119 --> 00:23:28,000 the Guardian Angel of the Strait. And we should be 372 00:23:28,039 --> 00:23:30,160 reimbursed for that when we do that, we're going to 373 00:23:30,160 --> 00:23:32,640 be reimbursed because the other nations are very wealthy that 374 00:23:32,720 --> 00:23:35,400 are on our side, and we can't be expected to 375 00:23:35,440 --> 00:23:37,640 do that for nothing, unlike we had for many years. 376 00:23:37,680 --> 00:23:41,759 You know, we guarded the straight for fifty years more 377 00:23:42,480 --> 00:23:44,920 and we never got paid for it. They made all 378 00:23:44,920 --> 00:23:47,039 the money in the United States was just you know, 379 00:23:47,680 --> 00:23:52,200 not they wouldn't. It's amazing. It's we never make We 380 00:23:52,319 --> 00:23:55,200 guarded it for nothing, and now we're going to guard it. 381 00:23:55,240 --> 00:23:56,720 We're gonna get paid for guarding it. 382 00:23:57,000 --> 00:23:59,920 Speaker 1: Well, this idea of us guarding the strait of hormos, 383 00:24:00,960 --> 00:24:03,799 I think is borderline insane. I don't want anything to 384 00:24:03,839 --> 00:24:07,640 do with guarding it. And it's international waters, asked Marco. 385 00:24:07,720 --> 00:24:10,960 Rubio keeps repeating this over and over again. It doesn't 386 00:24:10,960 --> 00:24:13,359 belong to Iran, and I don't want it to belong 387 00:24:13,440 --> 00:24:18,759 to us or anybody else. It's international waters and they 388 00:24:18,799 --> 00:24:23,680 need to enforce that. But the president is giving them 389 00:24:24,200 --> 00:24:28,559 a different message. Well, Bob mcdally, who is the head 390 00:24:28,599 --> 00:24:31,960 of rapidand which is one of the more premiere oil 391 00:24:32,079 --> 00:24:37,319 analysts in the country, thinks this is just Donald Trump 392 00:24:38,119 --> 00:24:39,319 just being Donald Trump. 393 00:24:39,640 --> 00:24:42,880 Speaker 11: You know, I think this is a distraction. The President 394 00:24:43,000 --> 00:24:46,359 is raising the stakes on Iran. You control hormose, really, 395 00:24:46,400 --> 00:24:49,720 I control it a million dollars about twenty percent at 396 00:24:49,720 --> 00:24:51,640 the end of the day. I don't think US policy 397 00:24:51,640 --> 00:24:54,680 has changed, and that is the straight up har moves 398 00:24:54,720 --> 00:24:57,279 must go back to status quo anti free flow of navigation. 399 00:24:57,319 --> 00:24:59,119 And second, Chary Rubio says it over and over again. 400 00:24:59,160 --> 00:25:03,759 I think this is brinkmanship posturing. Take them seriously, but 401 00:25:03,880 --> 00:25:07,559 not literally. Much more important, the US Navy announced we're 402 00:25:07,559 --> 00:25:11,400 gonna start reimposing the blockade tomorrow. The Yemeni's the hooties 403 00:25:11,480 --> 00:25:14,880 are shooting at the Saudis again. We've had an explosion 404 00:25:14,880 --> 00:25:17,200 of violence over the weekend, and the crude oil market 405 00:25:17,200 --> 00:25:19,920 has been a sleep complacent and very short. 406 00:25:20,319 --> 00:25:21,039 Speaker 1: That's real. 407 00:25:21,559 --> 00:25:24,000 Speaker 11: I think this twenty percent thing is a bit of 408 00:25:24,000 --> 00:25:25,480 a distraction and brinkmanship. 409 00:25:25,599 --> 00:25:28,240 Speaker 1: Forty percent of talking about the President said, yeah when 410 00:25:28,880 --> 00:25:31,279 and our fee for guarding the strait of our moves 411 00:25:31,599 --> 00:25:34,200 will be twenty percent. And we don't know if that's 412 00:25:34,240 --> 00:25:39,640 twenty percent of what. It's not defined, and it's just him. 413 00:25:39,960 --> 00:25:43,200 It's him talking the Queen's talk again. You know what 414 00:25:43,240 --> 00:25:45,000 I'm gonna do to you. I'm gonna take you. I'm 415 00:25:45,000 --> 00:25:47,720 gonna take that straight for me, and you gotta pay me. 416 00:25:48,880 --> 00:25:52,559 It talking like a tough guy, and it's it's stupid. 417 00:25:52,839 --> 00:25:56,880 It just is so that's not gonna happen. See what 418 00:25:57,039 --> 00:25:59,559 Alex Thompson over at Actios has to say. 419 00:26:00,119 --> 00:26:03,359 Speaker 10: I mean, this ceasefire has been full of fire so far, 420 00:26:03,680 --> 00:26:07,960 and you're seeing Iran have every incentive to continue to 421 00:26:08,039 --> 00:26:11,599 escalate and make sure that everyone, not just the United States, 422 00:26:11,640 --> 00:26:14,240 but everyone in the Middle East and the world recognizes 423 00:26:14,279 --> 00:26:18,200 that they ultimately control the Strait of Horror Moves and 424 00:26:18,359 --> 00:26:21,119 that you know, I think, based on my reporting and 425 00:26:21,160 --> 00:26:24,440 my colleague brock Revis reporting, there is a significant chance 426 00:26:24,519 --> 00:26:29,000 of incredible escalation in the coming months. That fire will 427 00:26:29,240 --> 00:26:32,960 you know, the violence will resume in the Strait of 428 00:26:32,960 --> 00:26:36,200 Horror Moves. And I can tell you that people in Iran, 429 00:26:36,440 --> 00:26:39,960 the leadership in Iran also understands the political calendar and 430 00:26:40,079 --> 00:26:43,240 feels that they have political leverage over Trump in the 431 00:26:43,240 --> 00:26:45,599 coming months because Donald Trump doesn't want oil prices to 432 00:26:45,640 --> 00:26:46,119 go back up. 433 00:26:46,480 --> 00:26:50,000 Speaker 1: Well, oil prices have gone back up. Last week. There 434 00:26:50,079 --> 00:26:52,400 was a couple of two or three days in a 435 00:26:52,480 --> 00:26:55,400 row where prices were going higher. They went higher again today. 436 00:26:55,440 --> 00:26:57,960 We'll get to those closing numbers in just a minute. 437 00:26:58,240 --> 00:27:00,440 But there was one more piece of news that happened 438 00:27:00,480 --> 00:27:04,039 over the weekend and that was that the President would 439 00:27:04,119 --> 00:27:10,000 not sign the bipartisan Housing Bill unless they passed the 440 00:27:10,079 --> 00:27:13,519 Save America Act. Well, they haven't passed the Save America 441 00:27:13,559 --> 00:27:17,279 Act because Republicans in the Senate there's not enough support 442 00:27:17,359 --> 00:27:21,119 for it. So the President did not sign the Housing bill. 443 00:27:21,200 --> 00:27:23,880 But there's a rule that says if the president doesn't 444 00:27:23,880 --> 00:27:27,319 sign a bill or veto it within ten days, it 445 00:27:27,359 --> 00:27:30,680 becomes law. Well it became law over the weekend because 446 00:27:30,680 --> 00:27:33,920 he did not veto it, and so the Housing Bill 447 00:27:34,119 --> 00:27:37,440 did go into effect. It's a bad bill. Most of 448 00:27:37,480 --> 00:27:42,599 it is more government regulation over housing, and actually housing 449 00:27:44,160 --> 00:27:49,599 is a local issue about your city permits and your 450 00:27:49,720 --> 00:27:54,720 county permits and planning and all the other things that 451 00:27:54,799 --> 00:27:57,240 go into housing is much more on a local level 452 00:27:57,279 --> 00:28:01,920 than it is a federal government issue. But there was 453 00:28:02,279 --> 00:28:06,480 a guide today. Stephen Shecher, he's former Goldman Sachs guy. 454 00:28:06,599 --> 00:28:13,240 He started his company a few years back called Pretium 455 00:28:13,519 --> 00:28:18,319 and it is the largest single family rental company in 456 00:28:18,359 --> 00:28:21,359 the country, not apartments, single family homes and that they 457 00:28:21,400 --> 00:28:24,440 own lots of them. And the whole thing is is 458 00:28:24,480 --> 00:28:27,799 that big Wall Street firms can't come in and buy 459 00:28:27,920 --> 00:28:31,599 all these homes and a basically ace out people that 460 00:28:31,640 --> 00:28:35,640 are trying to make an offer. But he obviously had 461 00:28:35,640 --> 00:28:39,480 a different tune today now that the law has passed. 462 00:28:40,119 --> 00:28:44,440 Here's mister Stephen Sheer talking about the housing building and 463 00:28:44,440 --> 00:28:45,680 how it affects his company. 464 00:28:45,759 --> 00:28:49,720 Speaker 4: Well, the upshot is that you know, the president and 465 00:28:49,839 --> 00:28:55,000 lawmakers have spoken and they want to set certain parameters 466 00:28:55,039 --> 00:28:58,680 around which capital can be deployed in housing, an issue 467 00:28:58,839 --> 00:29:02,279 very important to the to the American people, and so 468 00:29:02,319 --> 00:29:04,759 from our vantage point, this is a bit about the 469 00:29:04,759 --> 00:29:07,960 maturity of this industry, a recognition of the place of 470 00:29:08,039 --> 00:29:11,759 private capital in housing, and a set of parameters and 471 00:29:11,839 --> 00:29:15,279 directions by which, subject to the limitations the President and 472 00:29:15,359 --> 00:29:19,319 lawmakers have put in place, capital can come in and 473 00:29:20,000 --> 00:29:24,480 take up its position in leading to increased housing stock, 474 00:29:24,720 --> 00:29:29,119 better housing stock, more opportunity for people to become homeowners, 475 00:29:29,519 --> 00:29:32,240 all of which is critically important to the direction of 476 00:29:32,240 --> 00:29:33,119 housing in the country. 477 00:29:33,240 --> 00:29:35,680 Speaker 1: So he sounds fine with it. What it basically means 478 00:29:35,759 --> 00:29:37,519 is that he's still going to be able to go 479 00:29:37,599 --> 00:29:40,039 out there and do what he does. I don't think 480 00:29:40,079 --> 00:29:47,000 his bill advances the affordability of homes. I change my mind. 481 00:29:47,839 --> 00:29:50,519 If you find a home that all of a sudden 482 00:29:50,640 --> 00:29:53,279 is more affordable, and they say, yeah, it's more affordable 483 00:29:53,319 --> 00:29:57,359 because of the housing ability passed in Congress. I'll buy 484 00:29:57,400 --> 00:29:59,839 a large luncher to drive up window. I don't think 485 00:30:00,319 --> 00:30:04,599 this bill did not change housing affordability one I owed him. 486 00:30:05,680 --> 00:30:11,599 And speaking of big money, my old hometown football team, 487 00:30:11,680 --> 00:30:15,559 the Seattle Seahawks, who won the Super Bowl this year. 488 00:30:16,599 --> 00:30:19,319 They well, Paul Allen, who was the co founder of 489 00:30:19,359 --> 00:30:23,480 Microsoft's He and Bill Gates were partners, and Paul Allen 490 00:30:24,359 --> 00:30:27,960 got what Lukemi I believe it was. Anyway, he passed 491 00:30:27,960 --> 00:30:34,799 away and as part of his will, he told his sister, 492 00:30:34,880 --> 00:30:38,319 who was in charge of his estate, to basically sell 493 00:30:38,359 --> 00:30:41,599 off all of the big giant things that he owned. 494 00:30:41,599 --> 00:30:43,960 I think he owned the Portland trail Blazers in the 495 00:30:44,079 --> 00:30:49,559 NBA owned the Seattle Seahawks. Anyway, the Seahawks not because 496 00:30:49,559 --> 00:30:53,680 they won the Super Bowl. That didn't hurt them, but 497 00:30:53,759 --> 00:30:57,519 they sold for a record NFL record highest price ever 498 00:30:57,599 --> 00:31:05,319 for a football team, nine zero point six billion dollars. Yeah, 499 00:31:05,359 --> 00:31:07,759 and the previous record was just three years ago. I 500 00:31:07,799 --> 00:31:11,400 believe that was the Washington Commanders. But the owners, the 501 00:31:11,440 --> 00:31:18,480 new owners of the Seattle Seahawks Vinod Koshla and his 502 00:31:18,559 --> 00:31:21,519 brother or a son, I'm not sure, but the two 503 00:31:21,559 --> 00:31:25,240 of them. But he's a big tech guy out of 504 00:31:25,559 --> 00:31:27,759 San Francisco, and Beck he owns a piece of the 505 00:31:27,759 --> 00:31:31,480 forty nine ers. But now he paid the highest price 506 00:31:31,519 --> 00:31:36,160 ever for an NFL franchise, nine point six billion dollars 507 00:31:36,160 --> 00:31:40,519 for the Seahawks. And speaking of money, Wall Street today 508 00:31:41,680 --> 00:31:45,279 it was mostly a split market during the day, but 509 00:31:45,319 --> 00:31:48,119 it finished all with a bunch of red arrows now 510 00:31:48,200 --> 00:31:51,359 closed down. Well, you start shooting at each other again, 511 00:31:52,920 --> 00:31:59,000 and the starting tomorrow, the President said that the straight 512 00:31:59,039 --> 00:32:01,880 up hoar moves will be closed by the US Navy. 513 00:32:02,880 --> 00:32:05,200 So down we go on Wall Street. Down one hundred 514 00:32:05,240 --> 00:32:07,519 and thirty eight to close a fifty two thousand and 515 00:32:07,519 --> 00:32:12,519 four ninety eight SMP, down sixty NASDAK. The big tech 516 00:32:12,559 --> 00:32:16,240 stock's still selling off, down four hundred and eight, Gold 517 00:32:16,319 --> 00:32:20,400 down one hundred four dollars to four thousand and nine, 518 00:32:21,519 --> 00:32:25,880 and oil, like I said, went up last week, going 519 00:32:26,000 --> 00:32:29,519 up more today, up seven dollars today to seventy eight 520 00:32:29,599 --> 00:32:33,559 dollars now for one barrel of West Texas Intermediate. But 521 00:32:33,680 --> 00:32:36,319 that's it for today. Thank you for coming by. We 522 00:32:36,400 --> 00:32:40,960 will be back again tomorrow. I'll update you about Financial 523 00:32:41,000 --> 00:32:44,559 Friday when we get that thing restarted. In the meantime, 524 00:32:44,880 --> 00:32:46,599 I have a wonderful rest of your day and we'll 525 00:32:46,640 --> 00:32:47,279 see you tomorrow