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

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It is Tuesday. Today is the ninth day of the

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ninth month year of our war, twenty twenty five. My

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name is Tom Sullivan. And I mentioned it. I didn't

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more than mentioned. I talked about the stabbing on the

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light rail train in Charlotte, which actually was a few

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weeks ago. The video came out over the weekend. That

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was the first I ever heard about it. A lot

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of people are blaming the media for not covering this,

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but I'm not trying to I wasn't trying to cover

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it up. I never saw anything about it. But we've

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got that. We've also got Israel hitting making an attack

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in Doha, the capital of Qatar, So that's raising all

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kinds of questions. Students, they're just dumber than ever they

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are scoring. I mean, you have to go back to

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like if you were in cool in nineteen ninety two.

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Nobody's done better than you did back in nineteen ninety two.

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This course have been coming down and down, and it's

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just pathetic how bad our education system is. Apple's unveiling

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a bunch of new products today, and yeah, the payroll

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numbers the biggest revision ever in the history of payroll

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revision numbers. So a lot to get started with here today.

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Let me start with the North Carolina stabbit. This is

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the young lady who came to this country a couple

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of years ago with some members of her family twenty

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three I think twenty three year old escaped Ukraine the

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war in Ukraine and came as a refugee, like I said,

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with some of her family. She got a job at

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a pizza place in Charlotte, and after work, at ten

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thirty at night a couple of weeks ago, she jumped

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on the light rail train that was going to take

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her home, and there was a guy that she sat

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in front of, who obviously is not right in the head,

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has a rap sheet a mile long, and he just

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jumped up and from behind stabbed her three times in

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the neck, killing her almost instantly. I mean she's bled

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out within seconds. So it's another story about the fact

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that we are soft on crime. And the narrative about

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this is that the Democrats are soft on crime, and

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I think there's a lot of truth to that. But

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there's also another story. I don't North Carolina's making all

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the headlines, but I saw a story in the Seattle

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Times this morning, and headline is man stabbed in seemingly

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unprovoked attack. That's the headline says. A man was stabbed

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in a seemingly unprovoked attack from behind in the Chinatown

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International District on Monday. The attacker, identified as a forty

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four year old man, rode away on a bike before

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arrested by Seattle police. The forty year old victim. They

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found him with stab wounds in the abdomen after they

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responded to reports of a stabbing around five thirty pm

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five point thirty it's still daylight out. The police said

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that the man had stabbed another man ran up from

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behind and stabbed him. The victim chased the assailant but

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could not catch him. Suspect fled on a bike. The

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man was given medical aid at Harbor View Medical Center

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in serious condition. So it's not the first time. And

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the guy apparently took the knife from his waistband and

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now we've got this young lady. The reason why that

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is now getting all the publicity, in my humble opinion,

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is because there's video of it, and it's absolutely horrendous video,

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but it's getting video, and that is what's making it

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go viral. Why some stories go viral and others don't,

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I don't know. And like I said, this story happened

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a couple of weeks back. It was in August. President

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was even talking about it earlier.

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Speaker 2: Today, there are evil people and we have to confront that.

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I just give my love and hope to the family

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of the young woman who was stabbed this morning or

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last night in Charlotte by a madman. A lunatic just

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got up and started. It's right on the tape, not

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really watchable because it's so horrible, but just viciously stabs

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she's just sitting there. So they are evil people. We

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have to be able to handle that. If we don't

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handle that, we don't have a country.

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Speaker 1: Well he's right, and there's evil people out there, and

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you and I are walking around by them, and what

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sparks them is just by the roll of the dice

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that you're not a victim from this. You maybe though

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you never know. So this is stranger danger, which most

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people that are murdered are murdered by somebody that they know.

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But in the meantime, what do we do with these

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mentally ill people. This guy was arrested thirteen times previously,

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the judges let him out. He had the last time

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he was arrested, he had to write on a piece

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of paper that he promised to return to the court.

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So he yes, he's been charged with assault before, so

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this isn't he's he's not a good guy. Included felony

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assault on a woman one of his third team charges.

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City councilman. Oh, by the way, in Charlotte today is

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it's election day and they're going to vote on who

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will be their next mayor. The mayor got a lot

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of guf on this because when this happened a couple

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of weeks ago, she put out a statement basically talking

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about how the system let down the murderer. And so

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this time, now that it's gone wildly viral, she put

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out a statement talking about how sad she was about

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the young lady that got killed. So we're soft on crime,

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long rap sheet judges keep letting them out. The same

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thing we had in d C was the city council

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passed all these laws basically being soft on crime, cashless bail.

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The judges will let people out in d C without

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posting bail. It's the same thing going on in Charlotte

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I bet you it's going on in your city.

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Speaker 3: Now.

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Speaker 1: I'm not quite sure how how Sean Duffy, the Transportation Secretary,

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got into this. I know why, but listen to what

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he had to say.

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Speaker 4: I can't pull money today from their transit system. I

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actually have to do an investigation. That's what the law requires.

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We start that investigation tomorrow, and I guarantee all your

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viewers that if I find what I think I'm going

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to find, they're not going to have your federal tax

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dollars going to their public transportation system.

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Speaker 5: Zero not up.

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Speaker 1: Well, I got news for I like Sean Duffy. I

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think he seems like a pretty good guy. But the

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fact that he's going to pull federal funds from the

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public transport funds in Charlotte, is he going to do

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that for every city? Because I guarantee you that you'll go,

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I'll bet you it's better than ninety percent of public

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transportation systems in this country have the same problem, especially

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light rail. Every light rail system I know of, the

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people complain and they lose business because there's nobody to

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stand there and collect their fare when they get on.

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You just step on the train, and that's where if

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you're homeless or you're mentally ill, it's perfect. You get

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to get on nobody bothers you, you don't have to

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pay anything, You're right around all day, you can sleep

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in there. That's what a lot of light rail systems are.

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And if Sean Duffy doesn't know that, he's going to

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I presume he's going to find that out. So if

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he's pulling funds because there's homeless and mentally ill people

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on the light rail system in Charlotte, stand by for

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your light rail system to also have a problem. City

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councilman in Charlotte. He's upset.

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Speaker 6: We have a court system that's overwhelmed.

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Speaker 7: We have a North Carolina system that is deinstitutionalized individuals

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that really should have hospitalization and permanent around the clock care.

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I hope this wakes up a conversation not just around

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the mental health topic, which has certainly been talked about

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a lot, but we have to actually follow that with actions.

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And as sad as this tragedy is, I hope that

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it will shine a bright light on it.

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Speaker 1: Well, he's a city kilsim until what are they doing

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about it? He has the power to do something about it.

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So I think it's just meaningless pablem. I think he's

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just talking out of a haul on his head, just

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like so many government officials. Elected government officials, they say

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all the right things, but they don't do anything. Andy

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McCarthy talks about the fact that this is not a

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federal crime. This is a state crime.

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Speaker 5: It's a staatecase. Just why I think you heard the

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Transportation Secretary Sean Casey talk about pulling money if they

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actually had a statute. I appreciate what cash Patel said

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about how the Bureau has been investigating from the start.

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It's a good thing for the Bureau to do to

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lend us an investigative resources to state investigations. But if

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they had a good federal crime here, like a murder kill,

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a murder that happened on a transit system that was

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an interstate commerce as opposed to this one, which is

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wholly in North Carolina, they'd obviously bring the federal charge.

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Speaker 1: Yeah, but it doesn't. It's just it's the light rail system.

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It just gets people around the city of Charlotte, doesn't

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go I don't even think it goes out of the city,

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let alone out of state. A former prosecutor Trey Goudi

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also his observation.

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Speaker 8: Well, it sounds like a lot of cities need to

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It's been a bad couple of weeks and months for

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the Carolinas. We just highlighted the young Ukrainian refugee who

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lost her life long. I mean, she could survive Vladimir Putin,

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but she could not survive a train ride in Charlotte,

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North Carolina. And then Sunday night I profiled a young

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woman named Logan Federico, twenty two years old, the prime

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of life, executed on her knees, begging for her life

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by yet someone else who should have been in prison.

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So the President's point's pretty clear, whether you're here lawfully,

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whether you were born in the United States and your

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family's been here for five generations. There's certain people that

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need to be separated from society. And a really good

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indicator is whether or not you've committed crimes in the past.

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And both the assailant and Charlotte, and the assailant in Colombia,

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and so many of the ones in Chicago have raft

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sheets that will stretch across my front yard and it

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takes murder for us to take it seriously. Burlary is

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not taken seriously. Robbery is not larceny. Everybody gets excited

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about murders here, but the goal is to prevent the murder,

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keep the young women alive, and the only way to

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do that is with good prosecutors and good judges.

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Speaker 1: So I don't mean to reach out in beatten myself

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on the back, but I have been screaming from the

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rafters about this. I find time flies. I don't know,

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five years, ten years, once various states started saying we

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want to close our prisons, we were going to let

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people out, not five or ten thousands. Tens of thousands

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of people have been let out of prison for some

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soft reason about they feel bad for these people, and

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so they turned them out into society. And I've been

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yelling about, how do you think this is going to

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work out? This is how it happens. They don't lock

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up and keep locked up people that are violent. I

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don't understand it, but they've been doing it for a

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long time right here in New York. The communist guy

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that's running for mayor, ma'am Donnie, that's his whole goal.

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Listen to this.

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Speaker 6: My commitment will be to do everything in my power

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from the very beginning to follow that law and to

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ensure that we are reducing the jail population and following

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the example we've seen in the past where you can

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do so while also reducing crime.

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Speaker 1: I don't know how he's going to reduce the jail

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population and also reduce crime. NYPD also has a database

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of gang members, who they are, where they live, and

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all that, and they keep they try to keep track

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of them. Ma'am Donnie says, oh, no, you will elect

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me mayor. I'm getting rid of that gang database immediately.

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So here's more from Paul Morrow talking about the situation

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in Charlotte and the ideas that zorin. Ma'm Donnie has

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up his leave. Yeah, it really does.

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Speaker 9: And it shows you how many cascading failures there were.

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And there's a nuance here is one of his recent

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arrests was for abuse of the nine one one system

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after the police went there to do a welfare check. Now,

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the police don't make that arrest ninety nine times out

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of one hundred, I can guarantee you the only reason

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that cops made that arrest was they went to do

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a welfare check and they saw that he was acting out,

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that he was having some kind of a psychotic episode.

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They only did that to take him, to get him

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into this system. I was an attempt by them to say,

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you know what, this is a guy that we can't

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leave out here. I can guarantee you that's what happened.

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So when they go there, they take them, they get

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him in, and what happens the same revolving door. And

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then you have to make saying we need more of

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a safety that you're the mayor. Isn't that your job?

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He makes eye contact if to doing what he just

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did with another person, probably a woman. That's always the

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dirty little secret of this thing. Remember Jordan Neely was

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going for a woman and her baby when Daniel Penny

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jumped up and interfered. Very often it's women, especially on

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these common carrier situations. And to expand the story beyond

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the mayor justin Charlotte, we're about to get a mayor

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here in New York City. Now, not only Cotton's on

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to all of this is firmly in place for all

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of this kind of an approach, but is saying that

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we're gonna have the buses and the trains to be free.

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You know what happens when the buses and trains are free.

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People who are mentally ill live on them because there's

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obviously no way to keep them off. Everybody can go on.

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So if you think the New York City subway system

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is a rolling psyche ward, now wait, unt do we

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get mum Daddy, which it looks like we're going to.

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Unfortunately it should be sleeve. But there's no way that

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they'll come to common sense in this town to put

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in somebody who will actually enforce. And so as a result,

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expect a lot more stories that are not that dissimilar

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from this one. Look, you can't lock up everybody, I

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get that, but all the studies in all of history

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relative to people with severe psychiatric problems demonstrates that you're

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doing them a favor while putting them someplacecarceral.

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Speaker 1: That's a word the left loves. They don't love it.

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Speaker 9: However, when it comes to anybody who's looking to hurt

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other people, if nothing else, nothing else, it'll just to

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keep the rest of us safe with them someplace safe,

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three hots and a cot, someplace green, nice and bucolic.

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That calms them down.

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Speaker 1: They're hearing voices. That's all.

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Speaker 9: We can't count and say anymore. But Unfortunately, that seems

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to be the line that the left just won't cross.

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Speaker 1: So crime is getting the headlines. It's people have had it,

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and the pendulum on crime swings right now. The pendulum

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is pushing way over on the aside where people are

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paying attention to it at the very least you want

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to pay attention to education. Are the kids in our

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schools being educated? Apparently hot? And this is we just

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keep ignoring this as well. They just came out with

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the high school scores on math and science. The scores,

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this is a national number. Thirty one percent of our

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sixth graders can do science at the sixth grade level,

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only thirty one percent. That means, yeah, just about seventy

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percent are not able to do a coursework at a

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level of a sixth grader. Move to math, twelfth grade math.

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How many twelfth graders can do twelfth grade math? Only

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twenty two percent. That's it. Now we're talking almost eighty

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percent who cannot. And reading the numbers are slightly higher here.

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But if you can't read, how can you read the

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math book? How can you read the science book? You can't?

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So the twelfth grade reading, thirty five percent are able

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to do twelfth grade reading. Lenda McMahon, Education Secretary, ways in.

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Speaker 10: When I look at these scores, and I've made literacy

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my number one priority during my term as Secretary of

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Education because I do believe that if our students cannot read,

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they're not going to be successful in anywhere. And I

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think the underlying reason that math scores and science scores

295
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are down so far is because first and foremost, reading

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scores are so low.

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Speaker 6: I think in.

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Speaker 10: Senior's twelfth grade, if I believe, if I remember the

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stat correctly, I think that's the lowest we've seen since

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the NAPE scores were first done in two thousand and five.

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And that's just an incredibly devastating trend to look at

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in our country. So we're we're spending a ton of

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money on education. We've spent three trillion dollars since the

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Department of Education was established, only to see scores continuing

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to decline. And that's just a you know, that's a

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trend we have to stop. And I think the money's

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not being spent where it needs to be spent, and

308
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that's at the States. And that's why the President and

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I are certainly on a path and a mission to

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return education to the states. Well, I do think that

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parents have already started to be up in arms about this,

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and I think that's one of the reasons when you

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talk about returning educations to states, you see parents who

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are now going to school board meetings, They're more involved

315
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in school board elections, They're paying more attention to the

316
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curriculum that their children are being taught because they're looking

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at these courts and they're saying, we have to improve this.

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And when states are in control, states are innovative. Where

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we've seen the greatest improvements are in states like in

320
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Louisiana and Mississippi that have adopted the science of reading.

321
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It's a little bit more back to the basics of

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teaching reading. I think we have to focus on our

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math scores as well and have some of the same

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programs in place to do that. Because the national level,

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I think so many people think that the Department of

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Education controls curriculum and buys books and highers teachers. We

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do none of that.

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Speaker 8: That's all done at.

329
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Speaker 6: The state level.

330
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Speaker 10: The Department of Education is kind of a pass through

331
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of appropriated funds through Congress. We do oversee some competitive

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grants getting that money out, But we are not in

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charge of curriculum and what's being taught. And I think

334
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when times before that's been tried on a national basis

335
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with a new child left behind and core curriculum and

336
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race to the top, it was with the best of intentions,

337
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but it has never worked. States are inventive, they're innovative.

338
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They put their money behind their programs. And if we

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can provide best practices and tool kids to those states

340
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for what's working and other state and what other states

341
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are doing to be successful and getting those scores up,

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then I think that's our job and that's what that's

343
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my mission out.

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Speaker 1: So here's another example of obviously we are not paying

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attention to the basics. Education is the basics. Crime is

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the basics. Why we're spending time on all these other

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silly business things instead of taking care of the basics.

348
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I mean, if we don't have an educated population, this

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country is toast. I agree, President's right. We don't have

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a country if we don't have well educated kids. In

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the international news headlines today, big shocker about Israel. Israel

352
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has targeted senior Hamas leaders in Doha. Yeah, in Qatar,

353
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that's where they have been living that's where they have

354
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been having the new negotiaters. They're not in Gaza, They're

355
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over in Doha, living large, and Israel decided to try

356
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to take them out. The bottom line is they got

357
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They didn't get the guy they wanted, but they got

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his son and one of his top aides. Here's an

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international correspondent giving as the first brush on this new well.

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Speaker 11: President Trump had just said something about giving the last

361
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warning in the next forty eight hours, so this could

362
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have been coordinated with Washington, but we don't know. But

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it is shocking that the Israelis would attack inside a

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Gulf capital where there's no combat activity whatsoever. The last

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time they did something like this was an assassination that

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allegedly targeted a Hamas leader in the United Arab Emirates

367
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in twenty ten in a hotel, and those agents were

368
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caught on camera. That's how that attack was revealed. But

369
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to do an air strike in the middle of a

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very busy capital, Doha is a very modern city in

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the time of day, there would have been a lot

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of traffic around. So I've been trying to reach Katari

373
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contacts to ask if any civilians were killed or injured

374
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in this attack. I think that will depend that will

375
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determine what a lot of the reaction is going to be,

376
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just how precise this was. But you know, these were

377
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the people that Cutter was negotiating through. And historically the

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Hamas officials in Doha were the ones more likely to

379
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say yes to negotiations, to compromises than the more hardline

380
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Hamas leaders inside Gaza.

381
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Speaker 1: Yes, but bottom line is they kept turning down everything

382
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deals that President Biden brought, President Trump brought that Benjamin

383
00:23:02,359 --> 00:23:05,279
Nett and Yahoo brought, and they kept doing They don't

384
00:23:05,319 --> 00:23:08,839
want to stop this war. Hamas wants to keep it going.

385
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They don't want to let the forty eight hostages that

386
00:23:13,799 --> 00:23:15,960
some are dead, some are alive. They don't want to

387
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let go of them because that's their protection. But this

388
00:23:20,400 --> 00:23:24,119
is keeping them in business and if they stop this war,

389
00:23:24,160 --> 00:23:28,279
they're going to be killed. So they want to keep

390
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this going and that's why they keep saying no to

391
00:23:31,559 --> 00:23:37,079
all these peace deals. And Lady was talking about how

392
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they were more prone to negotiate, Well, yeah, that's great,

393
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but they still have consistently said no to every single deal.

394
00:23:45,119 --> 00:23:49,440
So the yes. President Trump said over the weekend that

395
00:23:49,559 --> 00:23:53,000
this last deal that we put on the table for them,

396
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this was your last and final offer. And apparently they

397
00:23:56,839 --> 00:24:01,960
didn't pay attention. And with benjaminett Ya, who has been

398
00:24:03,200 --> 00:24:06,559
overly patient, and one of the things about israelis you

399
00:24:06,599 --> 00:24:09,640
don't want to push them. They will come get you,

400
00:24:09,759 --> 00:24:12,839
they will take you out. So the word that we

401
00:24:12,960 --> 00:24:18,359
have this afternoon is the main guy was not killed,

402
00:24:18,839 --> 00:24:20,720
but his son was and so was one of his

403
00:24:20,799 --> 00:24:23,880
top aids. So they came close. Let me put it

404
00:24:23,880 --> 00:24:29,000
that way. Looking at the business wires today, this one

405
00:24:29,160 --> 00:24:34,680
is a doozy. It's an absolute doozy. Remember last year

406
00:24:35,960 --> 00:24:41,759
they came up with the annual revision to the numbers

407
00:24:41,799 --> 00:24:45,559
from the Bureau of Labor Statistics. Now every month we

408
00:24:45,680 --> 00:24:48,799
get these revisions, and then the last couple it came

409
00:24:48,839 --> 00:24:52,480
down to where the revisions were getting huge the last

410
00:24:52,559 --> 00:24:56,039
couple of months and President Trump fired the person in

411
00:24:56,160 --> 00:25:00,880
charge of the Bureau of Labor Statistics. Something was drastically well,

412
00:25:01,000 --> 00:25:03,920
listen to this. This is the annual revision. It comes

413
00:25:03,960 --> 00:25:08,000
out in September, and this is the preliminary annual revision.

414
00:25:08,000 --> 00:25:10,119
They're going to fine tune it and come out with

415
00:25:10,160 --> 00:25:14,359
the final final numbers in February. But the numbers today,

416
00:25:15,640 --> 00:25:21,279
they revised the payroll numbers down nine hundred eleven thousand,

417
00:25:22,200 --> 00:25:26,319
almost a million jobs they said were created that were not.

418
00:25:27,720 --> 00:25:32,039
It's the biggest revision in the history of the BLS.

419
00:25:33,319 --> 00:25:36,119
And FED is going to meet next week, next Tuesday

420
00:25:36,160 --> 00:25:40,400
and Wednesday. And with this they're starting to get worried

421
00:25:40,400 --> 00:25:44,400
about the labor market softening. Well, a million jobs that

422
00:25:44,480 --> 00:25:50,759
we thought we had don't exist. Here's the reason for it.

423
00:25:50,880 --> 00:25:58,240
The biggest revision is weaker inferred job creation at new companies.

424
00:25:58,799 --> 00:26:01,960
So somebody he started a new company and they the government,

425
00:26:02,039 --> 00:26:05,039
somebody in the government, some bureaucrat just makes a wild

426
00:26:05,079 --> 00:26:08,400
guess about how many people you're hiring for your new company.

427
00:26:09,359 --> 00:26:15,480
They had sampling errors from declining response rates. Okay, let's

428
00:26:15,759 --> 00:26:18,839
change the way we do this to be more modern.

429
00:26:18,960 --> 00:26:21,920
Let's not do the same sort of sampling that you've

430
00:26:21,920 --> 00:26:27,400
done for fifty years. And the other item is they

431
00:26:27,480 --> 00:26:32,759
apparently adjusted for illegals who are not supposed to be counted.

432
00:26:32,839 --> 00:26:35,480
Oh they're out there, they're working, but they're not supposed

433
00:26:35,519 --> 00:26:38,519
to be part of the labor numbers that are coming out.

434
00:26:38,920 --> 00:26:42,839
So here's Steve Lisman over at CNBC as the news

435
00:26:42,880 --> 00:26:44,880
came in, I see.

436
00:26:44,680 --> 00:26:47,680
Speaker 12: The biggest revision we've had. I've go back twenty five

437
00:26:47,759 --> 00:26:51,759
years here, it's maybe the biggest revision ever. Sarah, minus

438
00:26:51,880 --> 00:26:57,440
nine hundred and eleven thousand. Payroll growth from April of

439
00:26:57,480 --> 00:27:00,599
twenty twenty four through March twenty twenty five is nine

440
00:27:00,680 --> 00:27:05,359
hundred and eleven thousand less than previously reported. What has

441
00:27:05,400 --> 00:27:09,279
happened now to the month over month or the monthly

442
00:27:09,319 --> 00:27:12,000
growth rate has gone from what we thought was one

443
00:27:12,079 --> 00:27:15,079
hundred and forty seven thousand a month to now just

444
00:27:15,200 --> 00:27:18,039
seventy thousand a month. So one point seven million jobs

445
00:27:18,359 --> 00:27:20,799
is now eight hundred and forty seven thousand jobs created

446
00:27:20,799 --> 00:27:23,640
over that period. So over that time period, payrolls were

447
00:27:23,920 --> 00:27:26,640
quite a bit weak. Remember this is the period ending

448
00:27:26,720 --> 00:27:30,279
five months ago. This is the annual benchmark revisions that's

449
00:27:30,319 --> 00:27:33,640
done every year. This is a preliminary number. Over time,

450
00:27:33,680 --> 00:27:36,200
it tends to actually be revised a little bit higher.

451
00:27:36,599 --> 00:27:39,440
The revision to the revision ends up being a little

452
00:27:39,440 --> 00:27:42,839
bit higher, But right now it's suggesting much weaker payroll growth.

453
00:27:42,880 --> 00:27:46,359
I will point out that this is high side of

454
00:27:46,359 --> 00:27:49,319
what I've seen from Wall Street analysts. And now you

455
00:27:49,400 --> 00:27:51,799
have to plug in your you have to start thinking

456
00:27:51,799 --> 00:27:54,440
about what does this say about today? In other words,

457
00:27:54,480 --> 00:27:56,319
just data is five months all. We won't know until

458
00:27:56,359 --> 00:28:00,039
the final revisions in February which month each of the

459
00:28:00,039 --> 00:28:02,640
weekness belongs to. But we do know a bit about

460
00:28:02,640 --> 00:28:06,519
which industries it belongs to, and we have a chart here.

461
00:28:06,839 --> 00:28:09,720
Eight hundred and eighty thousand from the private sector. The

462
00:28:09,759 --> 00:28:13,200
biggest revision came from trade, transportation and utilities of two

463
00:28:13,240 --> 00:28:15,799
hundred and twenty six thousand, one hundred and twenty six

464
00:28:15,839 --> 00:28:19,759
thousand off in retail, leisure, in hospitality one hundred and

465
00:28:19,839 --> 00:28:23,039
seventy six thousand, Professional services down one hundred and fifty

466
00:28:23,079 --> 00:28:26,480
eight thousand, so widespread in the I don't see it here.

467
00:28:27,920 --> 00:28:30,400
Not a lot. In private education and health services was

468
00:28:30,440 --> 00:28:34,640
a big You can see the recent revisions there. The

469
00:28:34,680 --> 00:28:37,640
second biggest revision that I have, Sarah in my records

470
00:28:38,079 --> 00:28:40,039
is two thousand and nine, in the wake of the

471
00:28:40,079 --> 00:28:44,039
Great Financial Crisis, and what had happened in that situation

472
00:28:44,240 --> 00:28:46,559
was some of the modeling was wrong, some of the

473
00:28:46,599 --> 00:28:49,359
birth death of businesses was wrong. This may be the

474
00:28:49,440 --> 00:28:51,839
case right now. We might have come into this year

475
00:28:52,440 --> 00:28:54,519
with much more weakness than we thought we had in

476
00:28:54,559 --> 00:28:57,079
the job market, it was okay. It seemed to be

477
00:28:57,119 --> 00:29:00,200
like the unemployment rate remained relatively stable. So whatever we

478
00:29:00,200 --> 00:29:03,079
were doing was okay to keep the unemployment rate a

479
00:29:03,119 --> 00:29:07,200
separate survey, relatively low. But we were not creating as

480
00:29:07,200 --> 00:29:08,279
many jobs as we thought.

481
00:29:08,440 --> 00:29:12,680
Speaker 1: Got no kidding, like nine hundred and eleven thousand fewer

482
00:29:12,759 --> 00:29:15,319
jobs than we thought. And this is obviously going to

483
00:29:15,319 --> 00:29:18,519
weigh on the Federal Reserves. They make their decision about

484
00:29:19,000 --> 00:29:21,920
rates next week. Everybody in their brother best that they

485
00:29:21,920 --> 00:29:24,359
will be dropping rates by a quarter of a percent

486
00:29:24,799 --> 00:29:27,200
with this kind of report. Now the buzz on Wall

487
00:29:27,200 --> 00:29:30,079
Street is, do you think they'll do double that, maybe

488
00:29:30,160 --> 00:29:33,240
drop rates by a half a percent. I think I

489
00:29:33,319 --> 00:29:35,000
don't think they're going to. I think they're going to

490
00:29:35,000 --> 00:29:39,119
stay with their quarter point drop because they're very, very conservative.

491
00:29:40,480 --> 00:29:43,400
That's why they've been called too late on so many occasions.

492
00:29:43,880 --> 00:29:48,119
But they could drop by a half a percent and

493
00:29:48,519 --> 00:29:52,480
the economy would be able to handle it. One of

494
00:29:52,519 --> 00:29:56,119
the two mandates for the Federal Reserve Board is to

495
00:29:56,160 --> 00:30:01,480
make sure that jobs and job creation healthy, and so

496
00:30:01,559 --> 00:30:04,839
they were thrown this will throw their numbers off dramatically.

497
00:30:05,119 --> 00:30:07,519
All right, One more story about the business world today.

498
00:30:07,640 --> 00:30:14,039
Apple today with the big unveiling of their iPhone seventeen

499
00:30:15,759 --> 00:30:19,079
and also a new version of their watch, in a

500
00:30:19,160 --> 00:30:24,880
new version of their AirPods that on the on the iPhone,

501
00:30:25,119 --> 00:30:27,480
they've got a variety of Then one of them is

502
00:30:28,000 --> 00:30:32,200
the thin iPhone. Apparently it's much much thinner, but it

503
00:30:32,319 --> 00:30:38,279
has a weaker battery, and that's something that most people.

504
00:30:38,759 --> 00:30:41,599
If there's a complaint about your phone, usually it's about

505
00:30:42,160 --> 00:30:45,960
the battery on your phone. Sometimes broken screens, people don't

506
00:30:45,960 --> 00:30:47,880
fix them. They go buy they go buy a new one.

507
00:30:47,880 --> 00:30:52,200
But again, there's nothing earth shattering about this. It's kind

508
00:30:52,240 --> 00:30:55,920
of like the way they sell cars is okay. They

509
00:30:55,960 --> 00:30:58,359
add a few little tricks in the in the new

510
00:30:58,440 --> 00:31:02,240
cars every year, but basically they're kind of like last

511
00:31:02,319 --> 00:31:05,680
year's and the year before and the year before, And

512
00:31:05,759 --> 00:31:08,519
that's what the iPhone is. Is in the air pods

513
00:31:08,640 --> 00:31:11,880
and the watches. They make little tweaks to them, but

514
00:31:12,920 --> 00:31:20,119
essentially probably about the same. Here's a guy who's from

515
00:31:20,160 --> 00:31:23,440
ever source, who's a big tech analyst on Wall Street.

516
00:31:23,839 --> 00:31:25,640
Speaker 3: Yeah, you know, I mean, so the big change you're

517
00:31:25,680 --> 00:31:27,480
going to have this year is gonna be the iPhone

518
00:31:27,519 --> 00:31:30,680
seventeen Air. It's almost a kick back to the days

519
00:31:30,680 --> 00:31:32,759
when they launched MacBook Care if you remember that one.

520
00:31:33,519 --> 00:31:36,640
It's gonna be a much tenor slimmer phone. That is

521
00:31:36,680 --> 00:31:38,559
really the big chain, right. I think the other products

522
00:31:38,559 --> 00:31:42,400
in the lineup iPhone, seventeen Pro, Promax, unless you're a

523
00:31:42,400 --> 00:31:44,559
big selfie taker, you want to find a big change

524
00:31:44,559 --> 00:31:46,880
in it. But the seventeen Air is the one that

525
00:31:46,920 --> 00:31:49,359
physically will look a much different product than the ones

526
00:31:49,359 --> 00:31:50,720
that we've had in the market so long.

527
00:31:52,000 --> 00:31:55,599
Speaker 1: Oh Christmas isn't all that far away. This is unveiled today.

528
00:31:55,640 --> 00:31:58,759
They'll probably have them in stores within a few weeks.

529
00:31:58,880 --> 00:32:03,759
But I don't know. My iPhone is a few years old.

530
00:32:03,759 --> 00:32:06,759
It works just fine. I don't know why I would

531
00:32:06,799 --> 00:32:12,680
need a new one. But Apple continues to do well,

532
00:32:13,119 --> 00:32:16,400
and so does Wall Street, with the Dow Jones industrials

533
00:32:17,000 --> 00:32:19,680
up to a new record high today, the Dow up

534
00:32:20,119 --> 00:32:22,839
one hundred and ninety six to close it forty five

535
00:32:23,000 --> 00:32:26,839
thousand and seven to eleven, the S and P up seventeen,

536
00:32:26,960 --> 00:32:30,839
the NASDAC up eighty, price of gold fell thirteen dollars

537
00:32:30,920 --> 00:32:35,839
down to thirty six sixty three, and oil despite the

538
00:32:35,839 --> 00:32:41,480
fact that Israel attacked the Hamas people in Doha. It

539
00:32:41,559 --> 00:32:44,599
says something about the oil patch. Oil up only fifty

540
00:32:44,640 --> 00:32:49,640
cents today to sixty two dollars and seventy seven cents

541
00:32:49,640 --> 00:32:52,319
for a barrel of oil. Thank you for coming by.

542
00:32:52,920 --> 00:32:55,559
We're going to try this again tomorrow. Hope to see

543
00:32:55,559 --> 00:32:55,880
you then.

