Speaker 1: And welcome. Hi, everybody. Welcome to the Big Podcast on
this Monday today. It's the twenty sixth day of January,
Year of Our Lord, two thousand and twenty six. My
name is Tom Sullivan. Well, Minneapolis is an American city
at war with our federal authorities. That was one of
the headlines I saw earlier today, and it does seem
that way. We've got people talking about the fact that
ice has gone into all these various cities and they
have gone after the illegal that they're looking for, the
targeted illegal alien criminals, and there hasn't been any of this.
Maybe a little bit of protest, but not much. There
was in Chicago, but there were not and there was
some in Los Angeles, but not to the extent that
we're seeing in Minneapolis. So if you're just coming out
of a cave, hope you survive. For most of you
in the country survived the winter storm. Over the weekend.
On Saturday, there was a protest in Minneapolis. You watched
the video of it. Something was going on where they
had some Ice agents on this street look like a
commercial street. There were a number of shops along the
way and there were a couple of people that stood
out in the roadway. Traffic was able to get by,
and then behind, way back, half a block behind them
was this guy standing there with his camera video weeing
what was going on, and he moved up on the
two people that were standing there. One was a woman.
I'm not sure about the other person, but the one woman,
one of the ICE agents came over. Border patrol agents
came over and shoved her to the ground. And the
guy that had been further back that had now moved up,
was recording all of this and he went to go
help the woman, and the ICE agents swarmed him and
pushed him down, sprayed him with pepper spray a couple
of different times, and in the melee while he was
on the ground, he was shot and killed. So yep,
when I saw the news on Saturday, oh boy, not
another one. His name is Alex Pretty. He's a nurse
at one of the hospital, the VA Hospital in Minneapolis,
in intensive care. I've talked about this before, I'll say
it again. If you want to go to a protest,
that you're right. You certainly have the right to go
to a protest, But if you want to be on
the I mean, I understand getting front row seats for
a concert. I don't understand wanting to be in the
front row of a protest. And this guy got was
out there recording exactly what Governor Walls told the people
of Minnesota to do. Get your cameras ready and record
anything you see. And so this guy, this nurse, was
out there recording what was going on, saw the heavy
handedness of one of the officers pushing this woman down
on the ground. He went to her, aid, seemed normal,
and then they swarmed in on him. And the other
part about this, which is always, I guess disturbing to me,
is I have been pepper sprayed. I've in the army
and also when I was in law enforcement. Pepper spray, well,
let me read the definition to you. A non lethal
inflammatory agent used for self defense and to cause immediate
temporary blindness, respiratory distress, and intense burning sensations, usually lasting
up to forty five minutes, effective up to ten to
twenty five feet I've seen them use this over and over,
rather liberally. They use it all the time. They just
spray people right up in their face, not ten to
twenty five feet away. It does seem pretty aggressive. It
seems heavy handed. So as we come to the podcast
this afternoon, we've got the President asking earlier today for
Tom Holman to head to Minneapolis, and he's on his
way there this evening. Here's the true social that he
put out. He said to this is President Trump saying,
I am sending Tom Holman to Minnesota tonight. He has
not been involved in that area, but knows and likes
many of the people there. Tom is tough, but fair,
and he will report directly to me. Separately, a major
investigation is going on with respect to the massive twenty
billion dollar plus welfare fraud, and it goes on talking about
the fraud and everything else that's going on there. Later,
the President put out another true social He said, Governor
Tim Wallas called me with the request to work together
with respect to Minnesota. It was a very good call,
and we actually seem to be on similar wavelength. I
told Governor Walls that I would have Tom Holman call
him and that what we are looking for are any
and all criminals that they have in their possession. The
Governor very respectfully understood, and I will be speaking to
him in the near future. He was happy that Tom
Holman was going to Minnesota. And so am I. We
have had tremendous success in Washington, d C. Memphis, Tennessee,
New Orleans, Louisiana, and virtually every other place that we
have touched, and even in Minnesota, crime is way down,
but both governor walls that I want to make it better.
Signed President Donald J. Trump. Okay, so the second shooting
and the reaction by Christinome and Steven Miller and Greg Bovino,
I'm sorry, but they just made up a version that
the video did not comport with, not at all. So
that's the other part. This is where I've said there's
no leadership Christine Oman. You know, I don't like her.
I don't She doesn't have an ounce of law enforcement
knowledge or background or experience. I mean she she just
likes to do dress up things. Talk about the fact
that Tom Holman going to Minnesota is a slap in
the face of Christine Oman. And I don't know the
President really likes her. So we'll see if he still
really likes her or not. But there are changes underway.
And Greg Bovino, the head of the Border Patrol, he
we're getting worried that he is going to be leaving
Minnesota tomorrow. They didn't say where. They're not saying anything
about demoting him, but being the head of the border patrol.
Border patrol is a whole different animal than policing in
a city, and I don't I think anybody has been
in charge. One thing about Tom Holman. He has been
a cop his whole life. He understands law enforcement, and
so I am looking forward to this. Looks like there's
a pivot of some kind to try to get past
this war between Minneapolis and the federal government. There are
a lot of people apparently within the Department of Homeland Security.
They won't name names, so so I know it's unnamed accusations,
but apparently from various reporters in various networks and various
newspapers are reporting that a lot of the DHS officials
are very upset with what's going on. They can't say
anything because christinomes the boss, and yet they don't agree
with what is the department is doing. The head of
the International Association of Chiefs of Police has reached out
to the White House to convene a meeting with the
police chiefs of the country with the President. Because everybody
that I've talked to that has any sort of law
enforcement knowledge is going. This isn't going. This isn't going well,
and it makes all police look bad. It makes them
look heavy handed, it makes their I mean, they're they're
really pushing people around and spraying them in their face
with very well what appears to be aggressive reasons. And
so police, uh DHS officials, a lot of people are
ting this has got to change the Wall Street Journal today.
I don't mean to reach pat myself on the back,
but remember last week I was telling you about the
fact that this might be a time for the ICE
to do a pause in Minneapolis and be the bigger
be the bigger person. I know you've got more resources,
you can bring in thousands of more people, but the
it really needs somebody because I don't think the governor
of Minnesota or the mayor of Minneapolis are very bright people,
and I don't. So you're going to need to go
to people who can sit back and think about this
on how to approach this. You can still do two things.
You can pull back and have a more strategic approach
to picking up illegals in Minneapolis and at the same
time enforced deportation. You can do both. And so here's
the Wall Street Journal time for Ice to pause in Minneapolis.
Alex pretty made a mistake, but he wasn't a domestic terrorist.
That's what Stephen Miller called him. A domestic terrorist Saturday afternoon.
You go, come on, Stephen Miller. So there even the
Wall Street Journals looking and going, you know, federal government
be the bigger person. Take a step back. Let's let's
refigure out how we're going to go find those people.
And the people that we're talking about. There's even disagreement
on that. The federal government says that Minneapolis has thirteen
hundred and some prisoners in their jails or the state
has them in their prisons that are here illegally and
they are criminals. The governor today said just the opposite.
The State of Minnesota put out a notice today that
disputes the claims by Department of Homeland Security. The State
Survey said Corrections Commissioner Paul Schnell stated the survey of
all county jails found ninety four non citizens in local
jail custody with ICE detainers, plus two hundred and seven
in state prisons, for a total of roughly three hundred,
not thirteen hundred and The governor also claimed that they
this whole business of not turning them over to ICE
is false. He says that they turned them over all
the time to ICE. So somebody we have to get
the facts figured out here, because what Department of Homeland
Security is claiming and what the State of Minnesota is
claiming drastically different numbers about the number of illegals held
in jails or prisons in the state of Minnesota. Frey Goudy,
the former prosecutor former congressman, waited on these discrepancies.
Speaker 2: I don't even think he has to talk to both sides.
I think he has to get state and local law
enforcement to stop working against federal law enforcement. And who
better to do that than a lifelong cop. I mean,
I think a lot of what you're seeing in Minneapolis
you would not be seeing if there were coordination between
all of law enforcement. State cops have more intel, federal
cops have more resources. Almost everywhere they work together, but
they're not in Minnesota. Hopefully Tom can change that. I'm
sure that's what the President thinks.
Speaker 1: Yeah, The governor dis continuing to ramp up the inflammatory
talk again prior to the President's conversation with him on
the phone. This is Governor Waltz from last night talking
about how this is just like Ann Frank.
Speaker 3: We have got children and Minnesota hiding in their houses,
afraid to go outside. Many of us grew up reading
that story of Anne Frank. Somebody's going to write that
children's story about Minnesota.
Speaker 1: Can you say, way too far over the top? The
Holocaust Museum, a number of Jewish organizations appalled at him.
The six million Jews were killed, That's not what's going
on in Minnesota. Meantime, I've criticized the leadership of both
the federal government and the state government on this matter,
and Trey Goudy thinks pretty closely the same thing.
Speaker 2: Oh do you minishal Well, they both have dropped the ball.
I mean Tim Wallas has dropped the ball too. I
mean he just could not be more wrong about his
assessment of why this happened. The administration. I think there's
a temptation in our culture to be first, even at
the expense of being right. You only have to watch
this video a couple of times to know it is
a very fact intensive inquiry. It could come down it
could come down to which of those ten shots was
actually the fatal shot, and I think what frustrates people.
You remember Kyle Rittenhouse and how he was made a
hero on the right. I am sure there are people
on the conservative side who are saying, wait a minute,
you mean you can't take a firearm to a protest
because you were just celebrating the guy for doing it.
Couple of years ago, Alex Pretty's firearm was lawfully being carried.
It's lawful to carry a gun in Minnesota. He never
brandish it, he didn't point it at the cops.
Speaker 1: No, you can see the video. This Alex Petty was
Pretty was had his bone out phone in his hand.
That's what he had in his hand. You didn't see
the gun until the cops pulled it off of him.
The Kyle Rittenhouse that Trey was referring to, remember the guy.
He was a seventeen year old kid who drove from
Illinois up to Kenosha, Wisconsin and had an AR fifteen
and shot three people, killed two of them, and they
brought him to trial and tried to convict him and
he was acquitted. So, yes, you can bring a firearm
in Minnesota. It's legal to carry. And he had apparently
a concealed weapons permit. Just because you can, does that
mean it's smart. But that was his decision and that
really had no bearing on what happened. The border patrol
or ice who wherever was, shoved him to the ground,
sprayed him in his face a couple of times, and
somebody said gun, and then the one officer took the gun.
You can see him backing away from the rest of
the crowd and that's when the shots went off. So
this does not look good for whoever the officer was
who killed him, and it doesn't look good for Christy
Nome who jumped to her conclusions. This was from Saturday afternoon,
within two hours of the time that mister Prutti was killed,
and she came to the microphones and said the following.
Speaker 4: This individual went and impeded their law enforcement operations, attacked
those officers, had a weapon on him and multiple dozens
of rounds of ammunition, wishing to inflict harm on these officers,
coming brandishing like that and impeding their work that they
were doing.
Speaker 1: Well, I don't think he was impeding, but he was
out in the street and they were ordering the people
out of the street. There was all two ladies and
him and ma'am. They pushed them all to the ground.
It was rather startling, but he wasn't attacking them. He
wasn't brandishing his gun. I didn't see any gun anywhere.
But maybe it will come out in the investigation, and that,
more than anything else, is what really needs to be
the final word here is his actions need to be
part and the officers actions need to be part of
an investigation. So now the question is is the federal
government going to include the Minneapolis authorities in the investigation.
That's another big argument that they've got to solve. Maybe
with Tom Holm and going there, he can talk to
Governor Walton get that straightened around. Also, get straightened around
the whole question about do they have a couple hundred
illegals in their prisons or jails or three thousand or
thirteen hundred or what number is it. Paul Morrow weighs
in on getting that dispute solved.
Speaker 5: I would agree, However, the President has set out some
very clear and definitive metrics relative to what constitutes quote
unquote cooperation, and he starts with the demand, essentially that
those illegals who are in the custody of the Minnesota
correction system get turned over for deportation. I've seen no
inclination from Tim Waals to do that, and that seems
to be right the sort of redline that the President
is setting out right up front. I have a feeling
that if that were to be done, Tim Waltz would
have just as much of a riot problem as he
has right now. So I think there's some gamesmanship going
on here. Let's see what this quote unquote cooperation actually
looks like.
Speaker 1: And Jonathan Turley, the constitutional law professor at George Washington Is,
also raises some very good questions.
Speaker 6: Well, I do believe that there was an unforced error
with regard to the administration and their initial accounts of
this shooting. Those accounts are not born out by those videotapes.
I mean, it does not appear that he was threatening
the officer. It appears that this certainly escalated after that
first contact, and that is not the impression you received
from those early statements. And so I think that what
you see with the White House today is an attempt
to really use Holman to offer a reset. You know
that they're going to send someone new there. Let's see
what you can offer. I agree with Paul that on
that list are things that Walls will not be able
to to necessarily hand over. You know, he's been leading
the mob. It's very hard when you lead the mob
to suddenly stop and say, okay, well now let's cooperate
and work together. You had people marching over the weekend
with signs saying kill the Nazis. Now Waltz is the
guy who's been referring to Ice as Gestapo. So there's
still a lot that has to be overcome politically in Minnesota.
With regard to the shooting, there are legitimate questions that
have to be investigated. It does not appear that he
was violent or threatening the officers initially. He was not
obeying orders. That is also clear. He came back into
the road after being told to get out of the road.
But what we really need to see is that that
short period before you hear an officer say gun, there's
an indication that one of the officers removed his gun,
and during that period one of the other officers said
gun and the shooting occurred shortly after that. You have
to look at whether that was a panic shot by
the officer or whether the officers were seeing something with
regard to the suspect's hands. Was he trying to reach
for that gun or another gun? We simply don't know.
And that's the reason I think that. Look, Minnesota is
right in one respect. They should be part of the investigation,
and I don't think the administration gives up much certainly
by allowing them to be part of that. This is
obviously an incredibly traumatic moment for everyone involved. Minnesota should
be part of that process. But Minnesota, for its part,
has got to step forward and show greater responsibility. Governor
Walltz just referred to the taking of individuals for removal
under a federal law as analogous to capturing people for genocide.
He actually said that the children of Minnesota are like
Anne Frank. That's the type of rhetoric that is still
coming out of the governor's office.
Speaker 1: Yeah, keep thinking back to It was sometime last week
when Walsh came out and said to Minnesotan's get your
get your cameras and get out there and record everything
the ice officers are doing. That's what this this Alex
pretty was doing. He had his camera out and was
videoing what the ice officers were doing on that commercial street.
So he has blood on his hands. He told Alex
pretty what to do, and Alex pretty went out and
did exactly what his governor told him to do and
he wound up dead. Not smart, all right, So we'll
see how Tom Holman does. But let's move on to
some other things. There is a We've talked about the
fact that Canada has been getting close to China and
they've agreed to let China sell Chinese made automobiles in Canada.
And I've told you what I've seen. Those cars are
are enormously inexpensive, and their beautiful cars. So will they
come into the United States. Apparently they're going to be
banned to come into the US. But it reminds me
of back in the seventies when Detroit was making lousy
cars and the Japanese automobiles arrived and they did everything
they could to protect the American auto industry. I'm all
for that, but the American automobile industry has to do
their part by making good, competitive christ automobiles. But meantime,
this led to a big ruck is between Canada and
the President, and the President said, if they go through
with a deal with China, the President's going to put
a one hundred percent tiff on every Canadian product coming
into this country. Kevin o'larry, who is Canadian, mister wonderful,
responded to that.
Speaker 3: But for reasons most people don't see.
Speaker 7: But let me explain it by the numbers, because as
you know, I look through all of these issues as
an investor. So Trump hasn't talked about Canada for almost
fourteen weeks, and all of a sudden, in that speech
in DeVos, the spitball fight between the two of them,
all of a sudden it became top agend item for
both countries.
Speaker 3: But here's why it's important.
Speaker 7: If you actually look at the Canadian index the stock market,
in the last twelve months, it has doubled the performance
of the US. If you look at the Canadian dollar,
it's an up an additional five point two percent. You've
basically made almost forty percent going long Canada. Because the
market believes that these two countries have to unite one
way or another economically, not from a sovereign basis. And
Trump made that clear just joining the dots for everybody.
Now when he said Greenland was a strategic importance in
terms of missile defense, Now everybody knows you've got Alaska.
Everybody knows you've got green line on these now, or
should have it sounds like it, But the big hole
in the middle, that's Canada. That's the nora Ad Agreement.
And that technology is so old up there. You have
to go out of the tent with a firecracker lighter
to get a missile going. It's floppy discs, it's nineteen
sixties technology. So billions have to be spent. If you
want a defense dome, Canada's got to be part of it.
And frankly, the countries need each other. You know, seventy
percent of what's purchased out of Canada comes out of
the United States. So this is the beginning, and I'm
very proud to make I think this announcement of a negotiation.
Speaker 3: I know it sounds.
Speaker 7: Crazy, but these two have to kiss and make up
because both have something the other desperately needs. One of
the challenges because I invest in ag tech and so
when you tariff pot ash and you don't make enough
of it yourself, it's just a tariff on farmers, and
so you've got to give them back something. And that's
what he's doing. This is his constituency for the midterms,
and no question about it. But I've always felt that,
you know, pot ash was made by bats hundreds of
thousands of years ago, and they happen to do their
poo poo in Saskatchewan because that's what potash is, and
it's the number one fertilizer. It's a batpoo but it's
all up in Saskatchewan. So why tariff it? I mean,
it makes no sense. So we lit'll fine tuning on
the tariffs or just a moratorium on things you don't
make enough of like software, lumber. But I think he
can fine tune that before the midterms if that's what
he's doing, and the best at comment kind of ties
to it.
Speaker 3: I agree with you.
Speaker 7: You're one hundred percent right when you say Canada has
to spend more money. So I think where we're going
with this ultimately before Trump has left the administration, is
that these two economies are going to be united. I think,
no tariffs, and then we're going to go to the
Chinese and say we're spending five percent of GDP of
this behemoth United economy and we're looking at you, guys.
Don't mess with us, because it'll be the biggest economy
on earth by miles. The Chinese will never catch up.
That's where we're going with all of this.
Speaker 1: Okay, So tomorrow the President goes to Iowa. It's part
of this get him out to domestic tre and do
basically campaigning like it's twenty twenty four. That's what Suzy
Wilds says. So he's going to Iowa. We're going to
be talking about farms and agriculture and the question about
the business of agriculture with Canada, and so that's why
that's all a big important deal. Tomorrow. Also on your
calendar for tomorrow, the Federal Reserve meets tomorrow and Wednesday
to decide what to do about interest rates. Nobody is
guessing that they're going to change interest rates one iota.
The forest the race, I mean, the President said he
was going to pick his next Federal Reserve Board chairman
before the end of January. Well that's the end of
this week, and the numbers have shifted on the prediction markets.
Rick Ryder, who has always been in the running, is
now according to prediction markets, is in the lead. Fifty
percent of the prediction markets say that he will be
the next Fed chairman. Kevin Walsh comes in second at
twenty seven percent, and Christopher Waller ten percent, and Kevin
has it gone from first to last, He's down to
eight percent. This is Rick Ryder is the head of
fixed income, in other words, the bond investors for Blackrock.
He knows the bond market inside and out, which is
exactly what the Fed does every day they work on
treasury bonds. So we should be hearing some answers from
the meeting tomorrow and also the Fed on Wednesday on
what's going to happen meeting tomorrow and Iowa is what
I'm talking about the economy. We had durable good orders
released today. I don't give much weight to this. The
number was delayed, but it was up five point three percent.
That's better than what was expected. They were looking for
four point five five. Durable good orders are things that
last three years or more. Washers, dryers, airplanes are thrown
in there, so you can have a big order from
Boeing and the next thing you know, the durable good
orders numbers are higher. So I really don't put a
lot of weight in that particular indicator. Did you travel
over the weekend? I hope not. People are still trying
to figure out how to get home. There were eleven
six hundred flights canceled yesterday. Another four thousand, nine hundred
and two canceled so far today. Sean Duffy, he's the
Transportation Secretary, had this to say.
Speaker 8: No, I think you're heading it again. We're getting our
controllers back into towers. That's critical right now, and they
have oftentimes the same kind of problems that a lot
of families do. But again, we have snowplow drivers and
psalteriers who are working ass over time. We've cleared the
hours of service for our truck drivers, so if we
need to get you know, food or other assets to
critical locations, they can drive a little bit longer to
make sure those supplies get to where they need to be.
So at DOT we are fully functioning in our command center,
making sure we're watching what's happening and getting assets into
the right places to keep American safe.
Speaker 1: Now, it was it was a lot of snow in
our backyard. We got almost two feet. I mean in
Central Park got just about one foot eleven eleven and
a little more than eleven and a half inches. It's
warm in the city, it's much warmer, so the suburbs
we get we get much more snow than they do
in the heart of New York City as far as
ice goes. And I'm not talking about the law enforcement group.
I'm talking about you know, the ice. Cold water turns
into ice. It's amazing, the ice storms, the damage that
they do. This is the mayor of Oxford, Mississippi, Robin
Tanner Hill, talking about the ice has just devastated her community.
Speaker 9: We've got crews that started at Sunap that are just
going down every electric circuit, removing trees, branches, restoring poles.
We need our citizens to steal shelter in place, and
we need our workers to be able to get as
quickly as they can to repair these electric circuits. The
roads are still impassable. It's fifteen degrees here, feels like
six degrees this morning, so our roads froze again overnight.
Speaker 1: I've never lived where you get that kind of ice.
In Oxford, Mississippi, they had one inch of ice. I
mean the weight on the power lines, the weight on
the trees. Trying to drive down the road on ice.
Forget it. So we wish to people of not only Oxford, Missisissippi,
but the South got a lot a lot of ice.
Super Bowl is set the Seattle Seahawks versus the New
England Patriots. It's a redo of when was that twenty
fifteen February first, twenty fifteen. It was Seattle versus New
England and New England won. The Patriots won twenty eight
to twenty four. I will never forget it. The game.
They had seconds to go on the clock. The Seattle
Seahawks were on like the one yard line to go
in for a touchdown. They had Marshawn Lynch ready to
go and because he could barrel through any line whatsoever,
and instead Pete Carroll called for a pass, a pass
and Russell Wilson was the quarterback of the Seattle Seahawks,
and he passed the ball at the go line and
it was intercepted, and so New England won. Seattle had
it in the bag in New England won, so they
got to redo coming up here in two weeks. So
Super Bowl is always always fun, as far as Wall
Street getting back to work today, trudging through the ice
and snow, and of course more electronically than ever before.
But the markets did well. The Dow was up three
hundred and thirteen to close it forty nine thousand and
four to twelve SMP up thirty four NASDAC up one hundred.
Look at that gold for the first time, up twenty
two dollars to five thousand and one five thousand and
one dollars for one ounce of gold, and the price
of oil down just a couple of pennies to just
under sixty one dollars for a barrel of oil. Thank
you for coming by. We will be back again tomorrow.
We hope you are too. We'll see you then.
Speaker 8: S