Speaker 1: And welcome. Hello. How are you welcome to the Big
Podcast on this Wednesday. Today is the twenty eighth day
of January. You're of our twenty twenty six. My name
is Tom Sullivan, Man Alive. We've got a lot to
go through today. We have a lot first of all,
so today's Wednesday. The deadline for funding the government is
Friday night. And with the funding in question, most of
the government has been funded that most of it will
be operating, so it's not even to be a full shutdown.
If there is a shutdown, it'll be partial. And as
far as DHS and their budget, that's what a lot
of Democrats are coming out today and saying, we are
not going to fund DHS because ICE is part of DHS,
and we want to either defund or drastically make changes
to ICE and do it in a matter of two
or three days. A it's not going to happen. And
B I think the most fascinating part about this to me,
and I know that they're playing a game. I mean,
ICE has already been funded last July. It's called the
Big Beautiful bill in there were billions of dollars for
ICE between twenty twenty five and two twenty nine. They've
already been funded, it's already law. There's nothing that Congress
can do to change that at this point. So well,
they'd have to pass a different budget. But the budget
is locked in, and so this is there's so many
Democrats lining up saying that they're going to block and
close the government, shut it down on Fridays so that
ICE is not funded. I mean Raphael Warnack, the Warnock,
the senator from Georgia, is one of them. And I
look at at Senator Warnock is a pretty bright guy.
So I think he knows, doesn't he And he's just
playing a game. He's just playing a game trying to
tell you I'm not going to fund ICE, and you'll
all sit around in Applauseay, isn't he a wonderful man?
Listen to what he has to say.
Speaker 2: Issues that we're discussing, we're having serious conversations, and whether
we see a way forward in terms of the budget.
I think that rests squarely with the Republicans. They have
the House to send it. In the White House, they're
seeing the same video I'm seeing. I want to know
if they're okay with it. I'm certainly not.
Speaker 1: Well there's a grab for the emotional content. But again,
he's being a phony. He's absolutely being a phony. He
knows that ICE has been funded.
Speaker 2: I think you should ask John Thune. They have the Senate,
they have the House, they have the White House. We
are going in good faith. There are a lot of
good ideas there. Obviously, we're not trying to get everything
that we would want in order to move forward. But
you can't ask me to be an accomplice to the
killing of Alex Preddy and Renee Good.
Speaker 1: Wait a minute, did you just hear what he said?
He said, well, we may not get everything that we
want to move forward. In other words, they're basically looking
for a whole bunch of other things. And he knows
darn well that ICE has already been funded. So please
spare me the drama about the killings. Yes, they're terrible,
but being he's being a pony, and he's not the
only one. I don't mean to pick just on him.
You want to hear another over the top Larry Krasner,
who is the District Attorney for the city of Philadelphia.
Listen to what he has to say.
Speaker 3: This is a small bunch of wanna be Nazis. That's
what they are. In a country of three hundred and
fifty million, we outnumber them. If we have to hunt
you down the way they hunted down Nazis for decades,
we will find your identities, we will find you, we
will achieve justice.
Speaker 1: Now he's been a crazy man for a long long time.
I mean, the people of Philadelphia keep electing him, but
he's gonna hunt them down like Nazis. What can you say,
John Fetterman, Democrat from Pennsylvania, same state, this is his reaction.
Speaker 4: Now, that's gross and that I absolutely condemn that. Absolutely,
do not compare anyone, anyone to the Nazis. Don't use
that kind of rhetoric. You know, that could incite violence.
And now that I strongly reject that and condemn that
kind of language in the strongest terms. You know, members
of the ICE are not Nazis. I don't compare anyone
to Gestapo and those things. You know, this is one
of the reasons why I think we should stand down
in what's happening in Minneapolis. You know, we all have
to reduce the temperature, we have to turn it down,
and using that kinds of rhetoric, you know, again, I
can't ever support that. And I have a basic rule
in politics, don't compare anyone to Nazis. I don't care,
you just don't do that. These are not Nazis.
Speaker 1: So for me, I like Vetterman more each and every day.
And so he was asked about, Hey, you know, ICE
has already been funded for the next four years. Fetterman goes, yeah,
I know that. Shouldn't everybody least, shouldn't every Senator and
member of the House.
Speaker 5: And I don't know if your viewers remember I really
led that as the Democrats that we cannot ever shut
our government down. Yes, just last yeah, last month. I
guess it's even it was even happening. It's always always
wrong to shut our government down. And now for me,
I'm a Democrat that I will never ever voted to
fund our military. Absolutely not. And now this would be
the second time we would not pay our military twice
in two months two months. And then for me, I mean,
as you just correctly pointed out, ICE already has their
funding already because of the big beautiful bill at this point.
So so for me, I would love to have some
modest kinds of changes and to make the ICE process
better safer for everybody. And I want to just you know,
focus on deport every criminal migrant in the nation and
secure our border, because you know, our party, our party,
we failed at the border and it was a disaster,
you know, during the Biden administration. And I'm I'm also
one of the Democrats. You know, all of the abolish
ice and all that nonsense, that's absurd. You know, it
does have a necessary function, and we should just focus
on the thing. Most Americans can secure the border, you know,
round up and deport every criminal migrants here that are
in our nation.
Speaker 1: So he stands out as a maverick, but he really
is speaking like most Americans. He's a common sense, down
to earth guy. I like him more every single So
this all started, of course, with the latest killing in
Minneapolis alex pretty The president was asked about it late
yesterday afternoon. This is his response. We have tom Home
in there now.
Speaker 6: We put him in there.
Speaker 4: He's great.
Speaker 7: And they met with the governor, of the mayor everybody
else and well, we're going to de escalate a little bit.
Is this a pullback. I don't think it's a pullback.
It's a little bit of a change. Everybody in this
room that has a business. You know, you make little changes.
You know. Bavino's very good, but he's a pretty out
there kind of a guy, and in some cases it's good.
Maybe it wasn't good here. I don't like the fact
that he was carrying a gun that was fully loaded
and he had two magazines with him, and it's pretty unusual.
But nobody knows when they saw the gun, how they
saw the gun. Everything else. The bottom lineer was cerebral.
Speaker 1: Yeah, so bottom line Tom Holland went into Minneapolis and
met with Governor Waltz yesterday, and there's no question that
Governor Walls was trying to say things that would ratchet
down the temperature. But it looks to me like everybody
is not giving in at all. They're still very mad
at each other. There's Governor Waltz from last night.
Speaker 6: Well, Tom Holman's a professional, which I is a lot
more than Bovino in Christy Nome. But look, I think
the thing we said is we're very clear about this
that we need these folks out of Minnesota and uh
and we need we need justice for Renee Good and
for Alex and those were those were things that we
came with. I think the thing that I'm most concerned
about is the tone was different. There was a tone shift.
I wish it was because of the horrific, you know, shooting,
that somebody saw some morality, but I think it's probably
the press. But with that being said, I'm not interested
in a more efficient metro surge. I'm I'm I'm ready
for them to get out of here. And I think
that's where Minnesota's you're talking about. So it was it
was progress. Look, I never got a call from Bovino
or or no nothing, no nothing when they're coming here.
And Tom Holman landed last night and he called meet
last night and asked if he could have a meeting,
and he was there at nine o'clock. So look, I
think it's that's that's progress. But they started this fire,
so we're not giving anybody credit. We're putting it out.
But right now what we need is we need to
return to normalcy by these Ice agents out of here.
And you talked about this. In all those meetings at
the White House and with Tom Homan and his team,
nobody asked about Alex or his family, So I appreciate
you bringing that up. This family going through the horror
of losing their son and then also to see him slandered.
Speaker 2: Like that.
Speaker 6: In te people and not taking it back and look
for one whole day, certain news stations, that's all they
were running. And that's one of the problems here. Look, Minnesota,
they came here, we don't. We don't have near the
undocumented folks that many other states do. Minnesota is a
well run state. Minnesota is a place where people get along.
We welcome immigrant community. And they brought this down on
us and I thanks. And you're telling your folks it's
a siege. It's a siege in all respects. We have
children being pulled from their parents. We have elderly people
being drug out in this type of cold with no clothes.
Speaker 1: It's just absolute cruel. Yeah, so he's he said, yeah,
there's been a slight ship. There's not much of a
ship at all. He still is fighting and he wants
Ice out of there, but he's part of the United States,
and Ice goes back. Who was it warnockxed back to
nine to eleven, No, it was they changed their name.
It was the Immigration and Naturalization Service probably goes back
one hundred years. So let's let's get Paul Morrow in
here to find out if he thinks there's been any
change in temperature.
Speaker 8: It looks to me like everybody is staying in their
corners despite the fact that we got some inditionive maybe
there'd be some coming together here.
Speaker 1: Bottom line is the following.
Speaker 8: Donald Trump set out right from the beginning three metrics
for what he expected from Minnesota, and the first of
them was to give me the over twelve hundred prisoners
that you have in the Minnesota court system and the
prison system, excuse me for deportation. Now think about that.
What that would look like under the Bavino enforcement. It
was much more scattershot, and they were chasing around the
ice agents to try to get video. Something like that
would be choreographed. It'd be a handover. You'd see real visuals.
Do you think that Waltson Fry want that because someone
that will be in city jail's Minneapolis jails as well.
I don't see that happening, Nor do I see the
other two metrics, which were the people that you've already
released give them to us as well.
Speaker 7: Well.
Speaker 8: That's what Bevino was trying to do. So between that
and then the third being when the police make arrests.
We expect you to hand over the portable people to
Ice and never going to do that.
Speaker 1: Well, I think Paul Morrow has the right temperature. It
hasn't changed. Waltz is not. He's not the brightest guy,
and he's stuck in his emotions.
Speaker 8: Back to Paul, and what's your recourse here if you're
the federal government if you run into that wall, which
they seem to be running into no matter who is
on the ground. And by the way, when you have
Homan as you're kinder and gentler, shows you how far
afield things have gone. Because obviously he's an enforcement guy,
so I don't know that when you look at this
thing from a macro sense, it's necessarily going to be
ratcheted down. So what they're going to say from the
state level is go get federal paper, as we call it.
Go get either a warrant from a federal judge or
a rit a habeas corpus, which just means giving me
the body.
Speaker 1: Right now.
Speaker 8: What that means is you have to obey that from
the state side because of the supremacy clause. Is the thing, however,
you're talking about how many bodies nationwide if you apply
that which Donald Trump seems to be doing ten twenty
million rits of habeas corpus. The entire system will shut down.
They know that, and that's why they can say detainers.
The civil win not going to obey them, go into
court and get those warrants, and of course that's impossed.
Speaker 1: That is impossible. And it spread last night to New
York City. It is interesting. There are activists, there are
paid activists. There are agitators that are on the payroll
of somebody. Cash Betel says, they're going to try to
find out who it is it's writing the checks for this.
But in New York City last night at one of
the Hilton hotels, they had a group it was I
don't know fifty people, but they occupied the lobby and
they all coincidentally had exactly the same T shirt and
it says something about Hilton housing Ice because they found
that ICE officers had been staying at a Hilton hotel
in the suburbs of Minneapolis. Well this isn't Minneapolis, this
is New York City. But they all had the exact
same T shirts on. They all had the pre printed signs.
They were shouting and chanting and the police came and well,
Paul Morrow, former NYPD, had a con about not only
the protest but also about how Mayor Mamdani handled his
first protest. So this is mayor Switzerland. Huh.
Speaker 8: He's not going to take a side no matter what
happens here, because he's saying that was great protest as
you went in and committed unlawful trespass and the NYPD
took dozens of arrests. Oh and by the way, NYPD,
do you did a great job as well. So very
clearly he doesn't want to stand for either side here.
Let's note something that was SRG that took those arrests.
That's the UGY is tragic. The Strategic Response Group that
is the entity in the NYPD that he has vowed
to disband because they are the ones the specialists who
get called out in protest situations to dial it back
and handle it in a professional way. The activists hate
it because they handle it professionally and that means less lawsuits.
So he doesn't want to take a position on or anything.
And this is going to be the tenor at least
until the elections in November. Was if he gets too
hot for him, the people on his left. They expect
him to do this stuff. But then you could get
a Republican governor, the.
Speaker 1: Mayor of Switzerland take no position on anything. Well, he'll
figure this out meantime. The political drama behind the scenes
at the White House. I told you the night before last, Steve.
It was Christino home and her friend Cory Lowandowski, who
I told you yesterday. He was fired twice by Donald
Trump in the past and he's still somehow. He's like
a cockroach. You can't kill him. He will not go away.
So anyway, they were read the Riot Act apparently in
the Oval office two nights ago. But it looks like
she is keeping her job, at least for now. But
and of course the Democrats are coming out of their shoes.
They want her fired, they want to impeach her, they
want her gone. But now now you've got Republicans. There's
a handful of them, but there's Republicans like Tom Tullis
that are coming forward saying she's got to go. And
by the way, so does Stephen Miller.
Speaker 4: Senator.
Speaker 1: You want to have half as the secretary known none
at all. But do you think you think Nolame should
stop down?
Speaker 4: Nolan knows what.
Speaker 1: I mean.
Speaker 9: I think if Nolan looks at her body at work,
I could not be if I were in her position.
I can't think of any point in pride over the
last year. She's got to make her own decision, as
the president does. But she has taken this administration into
the ground or an issue that we should all.
Speaker 1: Yeah, And once somebody does that, they usually step up
and say, I resign for the good of the administration.
But he also, this is Tom Tillis again, also want
Steven Miller's head.
Speaker 9: Steven Miller never fails to live up to my expectations
of incompetence. I can tell you if I were a president,
neither one of them would be in Washington right now.
Speaker 1: I remember Tom Tillis is a is a Republican. Marco Kaputo,
Mark Cauputo, I should say, writes for Axios, and he says, now,
both of these people they're going to keep their jobs.
Speaker 10: I mean, generally, what I do know is that Gnome
is feeling the heat, obviously in Capitol Hill and elsewhere,
and she's told people, and I'm told she also told
the president. Look, everything I've said is because of what
I've been told to say. And do by the President
and Stephen Miller. And as you point out, Miller is
saying that statement that was released came because of on
the ground reports from CBP and specifically what you're hearing
more people in the White House start to say, is
the bad guy in all of this, and I'm putting
bad guy in air quotes is Greg Bavino, who is
the commander, the cowboy in the words of one person,
who was in charge of this let's call a shambalac
operation that resulted in the deaths of two people in
the shooting of a total three in a month.
Speaker 1: Yeah, somebody's head has to fall on these things. And
it looks like Bleveno is going to be the sacrificial lamb.
But back to this business about NOME. She's blaming Miller,
and Miller is throwing the officers on the street in
Minneapolis under the bus, saying they didn't follow protocol. Yeah,
that's correct.
Speaker 10: According to the White House cordion of Miller, there is
a protocol that they had developed where these teams, these
squads that would go on these immigration raids or to
execute these warrants or find in their words, these criminal
aliens would be divided in two. One group would do
crowd control to stop what they called the disruptors, and
the other would go and to the arrests. And according
to them, on this faithful day on Saturday, that just
sort of devaulved into chaos and none of that took place. Now, obviously,
in the background of this, there have been other videos
and other cases of pretty egregious policing that had happened
under Bovino. Specifically, there was the young man at Target,
the Target worker who was pushing around grocery store cards,
gotten some sort of jaw bonning incident with these agents.
They tackled him, they kind of beat him, They shoved
him in a van, and they dropped him off nearby.
Stuff like that did start to really rankle at the president,
and finally the president made his change on Monday. He's
not really blaming anyone. It's just one of those sort
of hey, things sort of happen and let's move on.
One of the things a president doesn't want to do
is communicate a weakness that he's backing off, and in
that under that umbrella is the idea that he needs
to make a change. So let's just be very clear,
Christy Nome from all of the information we're getting and
from all the observations that we've made collectively, is the
news media and those of us who cover the White House, specifically, Christie,
I'm staying, and so is Steven Miller, his longest serving
political advisor. Trump's from Trump one architect of the immigration plan,
a guy with encyclopedic knowledge of immigration law who really
sort of represents a lot of the hardline policies that
Trump a part, really does enjoy.
Speaker 1: So you've heard it. He said. GNOME's not going anywhere.
Neither is Miller. The President likes both of them. So
we move on some economic news today. The Fed made
their decision today. They said exactly what everybody thought they
were going to do. That they were not changing interest rates.
They left interest rates unchanged, the FED funds rate three
and a half to three and three quarters percent. Two
of the twelve Fed governors dissented. One of them was Waller,
the other one was Myron. No surprise there. They've had
three consecutive cuts, so they're taking a pause here. They
said in their notes that the economy expanded at a
solid pace, that they were not asked worried about inflation,
or the labor market, that unemployment has shown some stabilization,
that inflation remains somewhat elevated, and that job gains have
remained somewhat low. Yes, no higher, no fireworld. But they
fired a lot of people in a couple of companies.
Amazon came out today in Now that they're giving pink
slips to sixteen thousand people. That's thirty thousand since October
for Amazon United UPI that you call them United Parcels Service,
their official name was changed to UPS. They announced they're
laying off thirty thousand people. That's on top of the
sixty two thousand they laid off last year. So remember
the big pay rays that they gave to the UPS employees.
Well that's nice for those that are able to keep
their jobs, but the pay rays did not last long
for a fair number of them. So why are they
laying off these people? Both of them are very technology oriented.
Both of them rely upon a lot of technology to
sort and dispatch all the little packages. And as a result,
they're saying, this is a clear sign that AI is
going to take over for these jobs. Sixteen thousand Amazon,
thirty thousand at UPS. But for the babies out there, congratulations,
because there was a big show put on today in
Washington about the Trump accounts, and Nicki Minaj was there,
and so was Kevin O'Leary. There was a lot of
celebrities that were at this particular event. This is the
event where they're going to give to any baby born
since January first of twenty twenty five. So any baby
born last year or this year, or twenty seven or
twenty eight. Well, let me let the President explain just
a little bit about what are these Trump accounts. Trump
accounts will.
Speaker 11: Be the first, I guess you could say real trust
funds for every American child, allowing family members, employ corporations,
generous donors to contribute money that will be invested and
grow over the course of a child's life to be
used for their benefit after they turn eighteen.
Speaker 1: Okay, so some free money got besant. The Treasury Secretary
adds a little more detail. Sure they have.
Speaker 12: So from two thousand and twenty five Jen one to
December thirty one, twenty twenty eight, the federal government is
going to contribute one thousand dollars to every newborn and
that will be invested in an index fund in the
stock market. Also during that time, anyone with children under
eighteen can open accounts for their children and contribute up
to five thousand dollars. We're also going to get great
top ups so employers can add to the accounts. We're
going to have philanthropists from all over the country. Michael
and Susan Dell have contributed an astounding six point two
five billion dollars for children all around America, and employers
can do it also, and we think there may be
as many as twenty states. So this is a new
kind of philanthropy and it is bringing the stock market.
It is democratizing the stock market, is bringing it to
everyone in America.
Speaker 1: Well, the concept behind this, I think is fabulous to
get children to be not when they're babies, but when
they start to grow and before they turn eighteen, maybe
they will start getting interested in what the market's all
about and how you can make money in the market
historically far exceeds anything that you would get in a
bank savings account. So this is banks Bank of America, JP,
Morgan Chase. There's a bunch of there's like large large
corporations that are all saying they're going to contribute as
well match the money that their employees give to their
children in their Trump accounts. A little more of an
explanation back to Scott Besant.
Speaker 12: Today, and it just speaks to President Trump and the
coalition he's assembled, but it also goes across political lines
because we're going to see democratic states Republican states. But
it was really the President Trump's vision here, and I
think he's going to have many great signature achievements, whether
it's securing the border, piece steals the economy. But I
think twenty thirty forty years when these accounts mature, So
you can't access the account until you're eighteen years old,
and when you're eighteen, you could either access the account
help pay for a first car, home college, or you
could roll it into a retirement account and then just
based on current returns or historical returns, it could be
half a million dollars. So it could be a great
supplement to social Security.
Speaker 1: Okay, so you heard the half million dollars. Well, I
put a little pencil to this. If the numbers are
one thousand dollars, the government it's going to put into
an account for your child if born again twenty five,
twenty six, twenty seven to twenty eight so go have babies.
I'm just assuming that one thousand dollars if you do
nothing with it, if you just ignore it and it
throws it. I don't know. Picking number four percent for
eighteen years, when that child's eighteen years old, that one
thousand dollars will turn out to be two thousand and
twenty five dollars. I know that's not much after eighteen years.
And I wonder how many parents are going to ignore this.
I wonder how many children are going to pick up
on it and say, wait, a minute, what's this? What's
this account for? Got my name on it? And maybe
they will get relatives or something, maybe some part time money,
put some money in themselves. For example, the one thousand dollars,
if you don't do anything, turns into two thousand, t
twenty five dollars in eighteen years. But if you put
one thousand dollars a year at that eighty some dollars
a month every year for eighteen years, you put one
thousand dollars in, that turns out to twenty five thousand,
six hundred and forty five dollars. Now you want it
to be a million dollars in eighteen years at four
percent well, you'd have to put thirty nine thousand dollars
a year in and in order to do that, you
would have to get your employer, you would have to
get other relatives. But in any case, there are going
to be children that are going to find out about
it's going to be put in a stock index fund.
They're going to find out more about what the stock
market's all about. Brad Gersner, Big Wallsbury guy kind of explains.
Speaker 13: And what an incredible day as we launch this new
phase in the invest America and the Trump Accounts Summit.
The critical thing. You know, what you just mentioned sounds
somewhat confusing. I would say it like this, forever more.
Every child born in America is going to get an
investment account at birth, and we're going to put a
thousand bucks in it, and families, moms and dads, companies, states, philanthropists,
and others can add to the account five ten bucks,
one thousand bucks. If you start with one thousand dollars
and you add just seven hundred and fifty dollars a year,
think about that. That's about fifty bucks a month. At
age eighteen, every child in America will have fifty thousand dollars.
At age thirty the two hundred thousand dollars, and at
age fifty five dollars a million dollars that they privately own.
They can use it to fund their education, buy their
first home, start a business. This fulfills the president's promise
to get every child in America into the game, reconnected
to the American dream, not by depending more on government,
but through private ownership, owning a little bit of Nvidia,
a little bit of Microsoft, bit of our greatest companies.
Speaker 1: The beauty of it is there isn't anybody else that
owns it. It's yours. It's the child's money and teller eighteen.
Then they can decide what to do if they want to.
At that point, they can roll it into an IRA
and then have money already a great start on getting
set up for their retirement some day. It's awfully hard,
awfully hard when you're a young parent. You got a
ton of bills and you're not making as much money
as you're going to when you're older, and you can't
imagine your baby getting ready for retirement somedays. So it's hard,
But I think it's going to be interesting to watch
and see what parents do about this, this new invest
in America. I think it's great. So what else do
we have to do?
Speaker 3: Oh?
Speaker 1: Southwest Airlines, today's the first day after fifty four years
of free for all. Today the Southwest Airlines fly. It's
ended open seating. You got to get a boarding pass
with a seat number on it. That was a little
bit of a big change for people to fly Southwest
Wall Street today didn't go very far, but it was higher.
Dow Jones Industrial is up twelve to forty nine thousand
and fifteen, SMP down just part of one point. Nazdack
up forty points. The price of gold huge, up three
hundred and ten dollars to five thousand and three ninety five.
Oil prices up over a dollar, just under reaping higher,
up just under sixty four dollars for one barrel of oil.
Thank you for coming by. We will be back again tomorrow.
Hope to see you then,