1 00:00:23,039 --> 00:00:26,359 Speaker 1: Well, hello, how are you welcome to the Big Podcast 2 00:00:26,440 --> 00:00:31,199 on this Friday. Today is the sixth day of March, 3 00:00:31,960 --> 00:00:35,159 the Year of Our Lord, twenty twenty six. My name 4 00:00:35,200 --> 00:00:40,119 is Tom Sullivan, and pardon the head cold. Still yeah, 5 00:00:40,280 --> 00:00:45,200 it says, stays around for a while. But we have 6 00:00:45,280 --> 00:00:48,280 a lot to go over Ian. We've got everything on 7 00:00:48,320 --> 00:00:52,280 the very latest on the Iran war. But oil and 8 00:00:52,359 --> 00:00:58,000 gas prices some startling numbers today, new numbers we haven't 9 00:00:58,039 --> 00:01:00,520 seen in a very long time. As far as the 10 00:01:00,560 --> 00:01:06,760 price of oil ninety two dollars a barrel ninety two. 11 00:01:07,439 --> 00:01:11,040 It was in the high fifties just a few weeks ago. 12 00:01:11,400 --> 00:01:14,319 So we're getting a rapid increase in that and that's 13 00:01:14,359 --> 00:01:17,239 because of obviously the strait of horror moves and the 14 00:01:17,319 --> 00:01:21,319 fact that it's very hard to get shipments of oil 15 00:01:21,519 --> 00:01:25,480 to go back to normal. We got a jobs report 16 00:01:25,519 --> 00:01:28,920 out that was rather shocking. Today. We've got the Department 17 00:01:28,920 --> 00:01:31,840 of Homeland Security going through the transition. The day after 18 00:01:31,920 --> 00:01:37,599 Christy Nome got the axe and Jesse Jackson. The funeral 19 00:01:37,640 --> 00:01:43,000 for Jesse Jackson was held today in Chicago at a 20 00:01:43,359 --> 00:01:47,400 huge facility. There was thousands of people at this funeral 21 00:01:47,920 --> 00:01:56,439 and at the funeral was speaking. Bill Clinton was there, 22 00:01:57,200 --> 00:02:06,120 then Barack Obama and Joe Biden, and Kamala Harris was 23 00:02:06,120 --> 00:02:10,240 there as well. So three former presidents and former vice 24 00:02:10,280 --> 00:02:14,479 president at the funeral. Today. It was I saw I 25 00:02:14,520 --> 00:02:17,960 saw a guy who kind of started off the services earlier. 26 00:02:18,039 --> 00:02:21,639 It was late East Coast time, around eleven o'clock in 27 00:02:21,680 --> 00:02:26,680 the morning, and he was kind of funny, he said. 28 00:02:27,639 --> 00:02:31,680 As he addressed the crowd that was there for the funeral, 29 00:02:31,719 --> 00:02:33,560 he said, he said, now this is going to be 30 00:02:33,840 --> 00:02:38,400 a Southern funeral, and I kind of what's the Southern funeral? 31 00:02:38,439 --> 00:02:41,319 And he says, well, he says, we'll try and keep 32 00:02:41,360 --> 00:02:46,159 it to no more than three hours. And so as 33 00:02:47,479 --> 00:02:49,840 it went, it went four and a half hours, and 34 00:02:50,039 --> 00:02:53,000 so it's in fact, I think it's still going. I'm 35 00:02:53,039 --> 00:02:57,319 not quite sure, but it was. It was a big 36 00:02:57,360 --> 00:03:01,639 send off for the civil rights leader who never no, 37 00:03:02,000 --> 00:03:08,159 never held political office, but certainly powerful. I was struck 38 00:03:08,240 --> 00:03:13,599 by Joe Biden. Joe was there with doctor Jill and no. 39 00:03:14,800 --> 00:03:21,080 Obama's wife was not there, Michelle, No, and neither was Hillary. 40 00:03:22,120 --> 00:03:25,759 Bill Clinton was by himself. Obama was by himself. Joe 41 00:03:25,800 --> 00:03:28,879 Biden had Jill there and I think it was probably 42 00:03:29,120 --> 00:03:35,240 she's has to be there. They came in and there 43 00:03:35,319 --> 00:03:37,719 was the handshaking, in the hugging of a few people 44 00:03:37,759 --> 00:03:39,639 in this net and everything else, and then Joe went 45 00:03:39,719 --> 00:03:41,639 up to where he was supposed to sit in the 46 00:03:41,680 --> 00:03:44,639 front row, and he and doctor Joe kind of stood 47 00:03:44,639 --> 00:03:48,360 there and everybody else was glad handing and saying hello 48 00:03:48,599 --> 00:03:52,879 and seeing old friends, and Joe just stood there like 49 00:03:53,039 --> 00:03:57,560 he wasn't he was lost. I'm not sure he knew 50 00:03:57,599 --> 00:04:00,120 where he was. Let me just put it that way. 51 00:04:00,159 --> 00:04:04,879 Looked lost, more so than when we would see some 52 00:04:05,000 --> 00:04:08,000 of that behavior when he was occupying the White House. 53 00:04:08,039 --> 00:04:14,240 So rest in peace, Jesse Jackson. Meantime, let's start off 54 00:04:14,479 --> 00:04:23,319 today with the carryover from yesterday with Christine Ome. This uh, 55 00:04:24,279 --> 00:04:28,680 this is this is rather unbelievable. I think of what happened, 56 00:04:30,160 --> 00:04:33,360 I'm going to guess that they're probably going to drop 57 00:04:33,639 --> 00:04:37,040 this because it seems like everybody is trying to be 58 00:04:37,160 --> 00:04:39,959 nice to Christy Nomes as she basically got the acts, 59 00:04:40,560 --> 00:04:45,000 but there were this this advertising deal was the thing 60 00:04:45,040 --> 00:04:49,680 that really irked the president, not yes about the money, 61 00:04:50,000 --> 00:04:53,879 but also about the fact that she blamed him, saying, yo, 62 00:04:53,959 --> 00:04:56,680 no he approved all this and he did not. But 63 00:04:57,000 --> 00:05:01,240 there's a real question about the corruption involved here, a 64 00:05:01,279 --> 00:05:07,439 corruption question, and will Congress actually go in and investigate? 65 00:05:07,480 --> 00:05:11,279 And I would say that in November, if the Democrats 66 00:05:11,319 --> 00:05:14,240 take back the House, I would think that they might 67 00:05:14,319 --> 00:05:20,120 start a criminal investigation on her. She had this two 68 00:05:20,199 --> 00:05:25,120 hundred and twenty thousand dollars AD budget that she decided 69 00:05:25,160 --> 00:05:28,120 to give out, and how she gave it out was 70 00:05:28,160 --> 00:05:30,879 to said, well, because of the emergency at the border, 71 00:05:30,879 --> 00:05:34,120 we don't have to do government bidding. We can just 72 00:05:34,199 --> 00:05:38,480 do no bid contracts. So the award of the contracts 73 00:05:38,519 --> 00:05:42,879 to two different places. One of them was the Strategy 74 00:05:42,959 --> 00:05:48,319 Group that has played a central role in her campaign 75 00:05:48,319 --> 00:05:53,439 when she was governor in South Dakota. Corey Lowandowski, her 76 00:05:53,560 --> 00:06:00,759 top aid, has worked extensively with this rategy group. And 77 00:06:00,800 --> 00:06:04,439 then they had a subcontractor, but they won't say who 78 00:06:04,519 --> 00:06:09,279 that was. It's all very secret. Well, the problem with 79 00:06:09,360 --> 00:06:13,079 the strategy group. Have you ever seen the spokeswoman for 80 00:06:13,160 --> 00:06:16,360 the Department of Homeland Security. Her name is Christian McLoughlin, 81 00:06:17,319 --> 00:06:21,879 and she doesn't execute a lot of confidence. She's kind 82 00:06:21,879 --> 00:06:25,319 of I don't want to talk down about the woman, 83 00:06:25,720 --> 00:06:29,160 but she doesn't seem like she's really top caliber type 84 00:06:29,199 --> 00:06:32,560 of person. Well guess what. So she's been the spokeswoman 85 00:06:32,600 --> 00:06:38,160 for DHS. Her husband happens to be the owner of 86 00:06:38,360 --> 00:06:42,560 the Strategy Group. So it's all very incestuous, it's all 87 00:06:42,680 --> 00:06:47,000 very inside, and we're talking about two hundred and twenty 88 00:06:47,480 --> 00:06:52,759 million dollar contract. So John Kennedy was Senator. John Kennedy 89 00:06:52,839 --> 00:06:55,120 was asked about it today and this is what he said. 90 00:06:55,480 --> 00:07:00,240 Speaker 2: Well, well, there's nothing extraordinary about what I did. There's 91 00:07:00,240 --> 00:07:03,439 nothing mysterious about what I did. I did my job 92 00:07:03,480 --> 00:07:10,079 as a senator. I'm very fond of the Secretary. I 93 00:07:10,160 --> 00:07:13,959 congratulated her at the hearing, and I was sincere in 94 00:07:13,959 --> 00:07:18,519 my congratulations about executing the president's policy and securing the 95 00:07:18,560 --> 00:07:22,600 southern border. I have been concerned, though, as have other 96 00:07:22,720 --> 00:07:28,639 senators who have chosen not to speak out. I've been 97 00:07:28,680 --> 00:07:32,240 concerned about the fact that we have managerial problems at 98 00:07:32,240 --> 00:07:36,160 the Department for a while that are distracting from the 99 00:07:36,199 --> 00:07:43,480 President's and our agenda. And I knew before the hearing. 100 00:07:43,600 --> 00:07:46,120 I had a list of eight issues I wanted to 101 00:07:46,160 --> 00:07:47,319 bring up with the Secretary. 102 00:07:47,360 --> 00:07:48,199 Speaker 3: I only got to two. 103 00:07:49,560 --> 00:07:52,079 Speaker 2: I don't want to overstate this business about calling the 104 00:07:52,079 --> 00:07:56,160 White House. I called the White House two days before. 105 00:07:56,240 --> 00:07:59,120 I had a very brief conversation and just said, look, folks, 106 00:07:59,160 --> 00:08:01,319 I just want to know I'm asked some tough questions. 107 00:08:01,600 --> 00:08:03,680 I didn't tell them the questions. We didn't talk at 108 00:08:03,759 --> 00:08:06,319 linked about it. They said, okay, you don't do your job, 109 00:08:06,399 --> 00:08:11,639 no big deal. I did my job as a senator. 110 00:08:12,600 --> 00:08:15,560 And one of the things I asked the Secretary about 111 00:08:16,160 --> 00:08:19,600 was the fact that she spent a quarter of a 112 00:08:19,639 --> 00:08:27,439 billion dollars uh putting ads out across America, a court 113 00:08:27,480 --> 00:08:33,279 of a billion dollars in which she was prominently displayed. 114 00:08:34,799 --> 00:08:39,000 They looked a great deal like political ads. Uh. And 115 00:08:39,080 --> 00:08:42,840 I found that breathtaking. And when I see what I 116 00:08:42,960 --> 00:08:46,120 perceived to be spending porn, I don't care who does it. 117 00:08:46,879 --> 00:08:50,559 I'm going to call it out. I'm pretty cheap when 118 00:08:50,600 --> 00:08:52,960 it comes to taxpayer money. Asked quick when I walk 119 00:08:53,720 --> 00:08:57,519 and and that that's what happened. It also came out 120 00:08:58,480 --> 00:09:01,279 those uh the ship Turnedy nine it that these were 121 00:09:01,320 --> 00:09:04,679 no bid contracts, and then apparently some of them went 122 00:09:04,720 --> 00:09:09,399 to did not go to people uh whose names she 123 00:09:09,440 --> 00:09:12,480 got off ZIP recruiter. They went to political friends, and 124 00:09:12,519 --> 00:09:17,000 we talked about that and I was stunned when she 125 00:09:17,360 --> 00:09:20,639 answered categorically that the President approved every single. 126 00:09:20,360 --> 00:09:20,720 Speaker 1: Bit of it. 127 00:09:22,159 --> 00:09:25,799 Speaker 2: Later that day, I got a call from President Trump. 128 00:09:27,240 --> 00:09:32,120 He was he was mad as a mama wasp. Uh 129 00:09:32,320 --> 00:09:35,720 he's he said, Kennedy, I hope you understand that I 130 00:09:35,759 --> 00:09:37,679 had nothing to do with this, and I said, well, 131 00:09:37,759 --> 00:09:39,240 I do believe you, mister President. 132 00:09:41,159 --> 00:09:42,039 Speaker 1: He was not happy. 133 00:09:42,120 --> 00:09:46,519 Speaker 2: It was clear to me after that conversation that uh, 134 00:09:46,679 --> 00:09:53,039 the Secretary's time at uh the department was limited, Uh, 135 00:09:53,200 --> 00:09:56,159 that that to be bunched. She was she was dead 136 00:09:56,279 --> 00:09:59,320 is fried chicken, and he we talked about a few 137 00:09:59,399 --> 00:10:03,120 names that he might consider, and then what happened happened. 138 00:10:03,159 --> 00:10:08,919 It's not personal, but President Trump was very irritated that 139 00:10:10,000 --> 00:10:12,879 the secretary had seemed to buying this on him. 140 00:10:13,519 --> 00:10:15,840 Speaker 1: So there's kind of the background on what led to this. 141 00:10:15,919 --> 00:10:19,639 Because John Kennedy's question about the ad budget is the 142 00:10:19,679 --> 00:10:21,519 thing that sent the whole thing over the top. But 143 00:10:21,559 --> 00:10:25,399 there was a lot of mismanagement that had gone on 144 00:10:25,519 --> 00:10:28,720 for some time. So now you've got Mark Wayne Mullen 145 00:10:29,600 --> 00:10:32,639 and he's going to be he has been nominated. They're 146 00:10:32,679 --> 00:10:37,120 going to try and hurry up the nomination process for him. 147 00:10:37,240 --> 00:10:41,559 Chad Woolf, former acting DHS, had this to say. 148 00:10:41,600 --> 00:10:45,039 Speaker 4: Yeah, he'll likely be confirmed. It may be along party 149 00:10:45,039 --> 00:10:48,360 line votes, although I believe Senator Fetterman has indicated that 150 00:10:48,399 --> 00:10:51,759 he would vote for him, so it may be bipartisan regardless. 151 00:10:51,799 --> 00:10:53,480 I think the White House is probably going to work 152 00:10:53,519 --> 00:10:58,440 with the Senate to try to expedite that as close 153 00:10:58,480 --> 00:11:00,480 as they can to the end of this as the 154 00:11:00,519 --> 00:11:02,120 President has indicated. 155 00:11:01,679 --> 00:11:05,679 Speaker 1: Well, it's not just John Fetterman. Peter Welch, a longtime 156 00:11:05,720 --> 00:11:10,399 big Democrat from Vermont, had expressed his feelings this way. 157 00:11:10,519 --> 00:11:13,000 Speaker 3: Yeah, he'll be confirmed. The question is whether they'll be 158 00:11:13,039 --> 00:11:16,919 bipartused this report for him and Mark Waynemullen is competent 159 00:11:17,120 --> 00:11:19,720 and he's honest. So those are two good things that 160 00:11:19,840 --> 00:11:22,960 Christina did not have. This is going to give us 161 00:11:23,000 --> 00:11:25,919 an opportunity to have a real discussion about what's going 162 00:11:25,960 --> 00:11:29,240 on with Department of Homeland Security. 163 00:11:29,639 --> 00:11:31,919 Speaker 1: So that was good to hear that he thinks Mark 164 00:11:31,919 --> 00:11:37,480 Wayne Mullen is competent and honest, and those are character 165 00:11:38,120 --> 00:11:41,159 qualities that you would think most people would want in 166 00:11:41,240 --> 00:11:44,240 a high position. Back to Chad. 167 00:11:44,039 --> 00:11:46,759 Speaker 4: Wolfe, well, look, I think I think Senator Mullen is 168 00:11:46,799 --> 00:11:48,720 the right person for this job. He's a patriot, He 169 00:11:48,799 --> 00:11:52,320 understands the threats to the homeland, having served on Armed 170 00:11:52,360 --> 00:11:56,080 Services Committee. He also understands the border, and he understands 171 00:11:56,080 --> 00:11:59,679 immigration enforcement obviously a key priority of the Trump administration. 172 00:11:59,799 --> 00:12:02,840 So he you know, if confirmed, he's going to step 173 00:12:02,840 --> 00:12:06,080 into a big job, no doubt, and he has the 174 00:12:06,120 --> 00:12:08,759 opportunity to continue a lot of success that the Department 175 00:12:08,799 --> 00:12:11,919 has had over these thirteen or fourteen months. Has made 176 00:12:12,000 --> 00:12:14,919 tremendous progress to where they took over from the Biden 177 00:12:14,919 --> 00:12:17,759 administration that really had an open border, and so he's 178 00:12:17,799 --> 00:12:20,399 going to build on that success and probably put his 179 00:12:20,480 --> 00:12:22,799 stamp on the Department and do things a little differently. 180 00:12:23,039 --> 00:12:26,879 Speaker 1: So let's talk about oil and gas. Because of the 181 00:12:26,960 --> 00:12:30,240 situation with Iran and the oil that comes out of 182 00:12:30,279 --> 00:12:32,440 the Strait of Hormuse or is not coming out of 183 00:12:32,440 --> 00:12:36,799 the State of Hormuz, oil prices continued higher again today. 184 00:12:36,840 --> 00:12:41,279 They opened at seventy nine dollars this morning and this 185 00:12:41,360 --> 00:12:45,320 afternoon the contract wound up at ninety one dollars, hit 186 00:12:45,440 --> 00:12:49,120 ninety two. But they're going to it trades later. But 187 00:12:49,159 --> 00:12:52,120 I mean ass of right now. This is a ninety 188 00:12:52,159 --> 00:12:57,480 one dollar crude oil per barrel. That is up from 189 00:12:57,519 --> 00:12:59,360 like I said, it was just a few weeks ago 190 00:12:59,440 --> 00:13:02,399 it was in the high fifties, fifty eight to fifty nine. 191 00:13:02,879 --> 00:13:05,440 So you can expect the price at the pump will 192 00:13:05,480 --> 00:13:09,559 also be skyrocketing. Here. The President was asked about it 193 00:13:09,600 --> 00:13:13,960 today and he basically said, it is what it is, 194 00:13:14,159 --> 00:13:16,879 but the question is how long will it go? And 195 00:13:16,960 --> 00:13:20,639 he seemed to indicate he thought it would be very temporary. 196 00:13:21,279 --> 00:13:26,759 So did Chris write the Energy Secretary, when will. 197 00:13:26,600 --> 00:13:29,919 Speaker 5: There be some relief for folks at the pump? I 198 00:13:29,960 --> 00:13:33,159 think it's of order. Weeks, I would say, in the 199 00:13:33,159 --> 00:13:37,000 worst case, but it's weeks, not months. And look, Iran. 200 00:13:36,759 --> 00:13:40,159 Speaker 6: Has been an escalator of energy prices forty seven years, 201 00:13:40,200 --> 00:13:42,639 the whole history of their regime. We've got a little 202 00:13:42,679 --> 00:13:45,440 bit of an interruption right now to finally put an 203 00:13:45,559 --> 00:13:48,960 end to their ability to recavoc to kill Americans and 204 00:13:49,000 --> 00:13:50,399 to terrorize their neighbors. 205 00:13:50,559 --> 00:13:55,000 Speaker 1: And Doug Bergham, the Interior Secretary, just got back this 206 00:13:55,399 --> 00:13:58,960 last night. He was down in Venezuela and had this 207 00:13:59,399 --> 00:14:02,159 comment about the oil war coming from that part of 208 00:14:02,159 --> 00:14:02,559 the world. 209 00:14:02,639 --> 00:14:05,600 Speaker 7: Well, the thing we saw yesterday in Venezuela is this 210 00:14:05,639 --> 00:14:09,360 is a country. They love the NBA, they love Major 211 00:14:09,440 --> 00:14:12,440 League Baseball, they love the US dollar. 212 00:14:13,039 --> 00:14:15,080 Speaker 1: They want to do business. They're looking forward. 213 00:14:15,240 --> 00:14:18,360 Speaker 7: That we brought with us part of our delegation, a 214 00:14:18,399 --> 00:14:21,519 set of US companies, some of the leaders in critical 215 00:14:21,519 --> 00:14:24,200 minerals and mining, a set of our top oil and 216 00:14:24,279 --> 00:14:27,399 gas producers were also part of that meeting. Everybody wants 217 00:14:27,440 --> 00:14:30,600 to get started, and actually yesterday we did sign multiple 218 00:14:30,679 --> 00:14:34,600 deals they're going to help move this forward. State Department Treasury, 219 00:14:34,679 --> 00:14:37,759 Marco Rubio, at Chris Wright, the whole team working together 220 00:14:38,480 --> 00:14:42,360 and lifting giving those licenses. So we're seeing technology, capital 221 00:14:42,399 --> 00:14:44,879 and people flow into Venezuela, which is going to help 222 00:14:44,919 --> 00:14:48,559 them get their production back up towards the levels that 223 00:14:48,639 --> 00:14:51,279 they used to produce, which is substantially higher than where 224 00:14:51,279 --> 00:14:51,919 they are today. 225 00:14:52,159 --> 00:14:55,120 Speaker 1: Well, where gas prices are today go to triple a. 226 00:14:55,320 --> 00:14:57,399 Take a look at the average across the nation. This 227 00:14:57,440 --> 00:15:01,679 is the cheap stuff. Three dollars and thirty two cents. 228 00:15:02,039 --> 00:15:08,399 It was two dollars and a week ago, two dollars 229 00:15:08,480 --> 00:15:11,559 ninety eight cents. A month ago, he was two dollars 230 00:15:11,720 --> 00:15:13,679 ninety cents so it's gone in a month from two 231 00:15:13,879 --> 00:15:16,759 ninety up to three dollars thirty two cents, and you 232 00:15:16,799 --> 00:15:19,840 can bet that those prices are probably going to be 233 00:15:19,879 --> 00:15:24,919 going higher. Jeremy Siegel, who is the professor of finance 234 00:15:25,759 --> 00:15:30,919 at the Wharton School, has well. He came out today 235 00:15:30,919 --> 00:15:33,039 and just said, with all of this going on in 236 00:15:33,080 --> 00:15:36,279 the market continuing to sell off, he says he's worried. 237 00:15:36,919 --> 00:15:37,879 I'm very cautious. 238 00:15:39,120 --> 00:15:42,000 Speaker 8: I say, if we don't get some breakthrough over the weekend, 239 00:15:42,159 --> 00:15:45,200 I think I think we'll see one hundred dollar oil 240 00:15:46,039 --> 00:15:49,799 next week. And remember it began the year under sixty. 241 00:15:49,879 --> 00:15:52,799 I mean that that would be if we do get that, 242 00:15:52,799 --> 00:15:58,159 that's a seventy percent increase in price, and that will 243 00:15:58,200 --> 00:16:00,600 set I mean, I think gasoline is is set to 244 00:16:00,720 --> 00:16:05,320 soar in any case, So you know, I think there 245 00:16:05,399 --> 00:16:06,919 are there are headwinds. 246 00:16:08,200 --> 00:16:08,399 Speaker 1: Now. 247 00:16:08,440 --> 00:16:11,679 Speaker 8: Your other guest thought that the tax refund might offset them, 248 00:16:11,679 --> 00:16:14,600 but I think that the oil shock actually could be 249 00:16:14,679 --> 00:16:18,919 bigger than what we get on the refunds, which were 250 00:16:18,960 --> 00:16:23,399 well advertised, and some people have probably already maybe spent 251 00:16:23,679 --> 00:16:27,840 their extra their extra money. So I wouldn't be surprised 252 00:16:27,840 --> 00:16:32,679 to see a correction in the market. You know, we 253 00:16:32,759 --> 00:16:36,320 haven't had one for a long time, and I mean 254 00:16:36,320 --> 00:16:38,759 that would be we're not even the pullback zone yet, 255 00:16:38,759 --> 00:16:41,320 which is you know, five to ten percent correction is 256 00:16:41,360 --> 00:16:44,399 ten and more. I don't think any bear market is coming. 257 00:16:44,440 --> 00:16:46,240 And by the way, I mean, if we get a 258 00:16:46,279 --> 00:16:50,360 breakthrough this, we would get a coiled market spring upward. 259 00:16:50,480 --> 00:16:53,840 But trends look like this is going to drag on 260 00:16:53,919 --> 00:16:58,440 a lot longer than I and the administration i'd hoped. 261 00:16:58,799 --> 00:17:03,519 Speaker 1: Okay, so he's not. He's worried, and the question is 262 00:17:03,559 --> 00:17:07,400 how long will this drag on? Well, we're in day seven, 263 00:17:07,559 --> 00:17:11,960 so we're really just getting started. And when the war 264 00:17:12,039 --> 00:17:15,519 broke out a week ago, go back to the news 265 00:17:15,599 --> 00:17:18,440 conference out of the Pentagon and there was Pete Hegseith 266 00:17:18,839 --> 00:17:20,960 talking about the fact he didn't know. He says it 267 00:17:21,000 --> 00:17:24,160 could go three to four weeks, could go three weeks, 268 00:17:24,319 --> 00:17:27,440 could go five weeks. President I think said five to 269 00:17:27,519 --> 00:17:32,119 six weeks. So we're just one week into all of this. 270 00:17:33,039 --> 00:17:40,160 The David Sanger, who writes about national security, this is 271 00:17:40,160 --> 00:17:43,480 his guess. Well, I'm sure that we could keep the 272 00:17:43,519 --> 00:17:47,400 battle tempo up some but for weeks months, as the 273 00:17:47,440 --> 00:17:49,279 President has said, it though clearly there's going to be 274 00:17:49,319 --> 00:17:53,880 some shortages. But what happened after the unconditional surrenders at 275 00:17:53,880 --> 00:17:58,880 Appomattics on the Missouri with Germany, we put in an 276 00:17:58,960 --> 00:18:05,119 occupation for that lasted four years. That is exactly what 277 00:18:05,240 --> 00:18:10,480 President Trump and his base, the MAGA base, wants to avoid. 278 00:18:10,599 --> 00:18:14,960 That's the prescription for forever wars. So essentially, his study 279 00:18:15,000 --> 00:18:17,519 of history says, all the way from the Civil War 280 00:18:17,640 --> 00:18:21,640 to right up to World War Two, we put occupation 281 00:18:21,759 --> 00:18:25,079 forces in and they're going to be there for a while. 282 00:18:25,359 --> 00:18:28,640 We'll see how this turns out. It's still a lot 283 00:18:28,680 --> 00:18:32,319 of people are trying to figure out what the future 284 00:18:32,319 --> 00:18:36,160 of Iran even looks like. Michael Rubin with the American 285 00:18:36,240 --> 00:18:39,240 Enterprise Institute looks at it this way. 286 00:18:39,640 --> 00:18:42,400 Speaker 9: Hey, Brian, this is what you need to understand about 287 00:18:42,519 --> 00:18:45,839 Iran in nineteen seventy nine, when you had the revolution, 288 00:18:46,240 --> 00:18:49,400 people united what they were against the Shaw. They were 289 00:18:49,440 --> 00:18:52,680 promised Islamic democracy. They gotten either, but they got the 290 00:18:52,680 --> 00:18:55,119 Iran Iraq War, a war that killed a million people. 291 00:18:55,680 --> 00:18:56,440 Speaker 1: This has. 292 00:18:58,000 --> 00:19:00,640 Speaker 9: This has led the Iranan people to be very very 293 00:19:00,680 --> 00:19:03,759 frightened of change and the sacrifice that might come next. 294 00:19:03,759 --> 00:19:06,319 And look the chance of a civil war inside Iran 295 00:19:06,880 --> 00:19:10,039 is very very high. That said, they are willing to 296 00:19:10,079 --> 00:19:13,400 step up. They hate this regime. It has no legitimacy. 297 00:19:13,680 --> 00:19:16,240 The worst thing we could do, however, snatch defeat from 298 00:19:16,240 --> 00:19:20,720 the dolls of victory, or by supporting a Kurdish model 299 00:19:21,039 --> 00:19:24,359 and signaling to the Iranian people that perhaps their country 300 00:19:24,400 --> 00:19:26,519 is going to be dismantled. That would be the worst 301 00:19:26,559 --> 00:19:27,480 option at this point. 302 00:19:27,559 --> 00:19:30,440 Speaker 1: So what I heard today was everybody and their brother 303 00:19:30,519 --> 00:19:32,839 trying to figure out what the future is. And again 304 00:19:32,920 --> 00:19:36,920 I repeat, we're on day six, so we're barely getting started, 305 00:19:36,920 --> 00:19:39,960 and they're trying to predict the future. Jeremy Siegel back 306 00:19:40,000 --> 00:19:43,599 to him. He's trying of looking at the future as well, 307 00:19:43,640 --> 00:19:47,200 but starting with short term and the price of oil. 308 00:19:47,359 --> 00:19:50,799 Speaker 8: And the short run here, oil does matter more than 309 00:19:50,799 --> 00:19:54,000 anything else. You know, the price of gas, the lean 310 00:19:54,160 --> 00:19:59,079 is probably the most visible price of any price in 311 00:19:59,160 --> 00:20:01,119 the consumer a basket. 312 00:20:01,640 --> 00:20:01,759 Speaker 6: Uh. 313 00:20:02,200 --> 00:20:05,000 Speaker 8: You know, we're in a midterm year. Politician is gonna 314 00:20:05,000 --> 00:20:05,960 be an awful lot of. 315 00:20:05,920 --> 00:20:07,000 Speaker 1: It one way or the other. 316 00:20:07,680 --> 00:20:10,839 Speaker 8: Uh, you know, I mean the Democrats themselves didn't like 317 00:20:10,880 --> 00:20:13,119 this war, and I'm gonna blame the high price on 318 00:20:13,200 --> 00:20:17,519 gasoline on Trump. Uh, so there's gonna be a lot 319 00:20:17,559 --> 00:20:22,920 of fighting back and forth on this issue. And uh, 320 00:20:23,039 --> 00:20:26,759 you know it's from what I I've talked to some 321 00:20:26,839 --> 00:20:32,400 oil experts and the shutdowns. Uh, you know what is 322 00:20:32,440 --> 00:20:35,160 going on in the Gulf, what is going around the 323 00:20:35,160 --> 00:20:38,079 world in terms of shipping. I mean, it's it's cannot 324 00:20:38,119 --> 00:20:42,720 be fixed overnight. It's going to have some some lasting effects, 325 00:20:43,119 --> 00:20:45,160 at least in the near term on the come in 326 00:20:45,200 --> 00:20:47,359 the long term. I'm as bullish as ever, So don't 327 00:20:48,079 --> 00:20:50,519 uh don't don't believe that, but I do think that 328 00:20:51,039 --> 00:20:53,519 what I see short term does worry me. 329 00:20:54,039 --> 00:20:57,079 Speaker 1: So, like I said, I keep repeating, we're going six 330 00:20:57,160 --> 00:21:02,599 days here. But Alex Carr is one of the smartest 331 00:21:02,599 --> 00:21:05,920 guys in the tech world. He is the head of 332 00:21:06,079 --> 00:21:09,720 Palaeer And maybe you don't know about Palunteer, but Palenteer 333 00:21:09,759 --> 00:21:14,720 basically does a bunch of secret government projects, technology projects. 334 00:21:14,720 --> 00:21:19,720 They have for a long time. And you may have 335 00:21:20,079 --> 00:21:22,559 seen some news this past week about the fact that 336 00:21:23,039 --> 00:21:29,400 the Pentagon got mad at Anthropic, which they wanted to 337 00:21:29,559 --> 00:21:36,079 Anthropic to provide autonomous weapons and also surveillance using AI, 338 00:21:36,759 --> 00:21:39,480 and Anthropic said, look at we're willing to do all 339 00:21:39,559 --> 00:21:41,759 kinds of wonderful things for you, but we're not going 340 00:21:41,799 --> 00:21:44,640 to do government surveillance and we're not going to do 341 00:21:45,319 --> 00:21:50,279 autonomous weapons. That's just not meets our values. And so 342 00:21:50,400 --> 00:21:53,240 the Pentagon said, fine, take a flying leap and went 343 00:21:53,279 --> 00:21:55,400 to open AI and said how about you guys, and 344 00:21:55,440 --> 00:21:58,079 they said, okay, we'll do it. But then there's people 345 00:21:58,160 --> 00:22:00,400 with open AI that are already saying, way a minute, 346 00:22:00,400 --> 00:22:01,799 we're not going to do that. So there's a big 347 00:22:01,920 --> 00:22:09,119 argument about the ethics of AI technology and war, and 348 00:22:09,839 --> 00:22:13,759 Alex Karp is at the forefront of the whole idea 349 00:22:14,559 --> 00:22:19,279 about using technology in the military in a way that 350 00:22:19,400 --> 00:22:21,960 will actually be for the good. Here's Alex. 351 00:22:22,759 --> 00:22:26,279 Speaker 10: Two things that Silicon Valley has to figure out is 352 00:22:27,000 --> 00:22:28,440 what are we going to how are we going to 353 00:22:28,799 --> 00:22:32,079 ethically talk about what's going to happen. You're going to 354 00:22:32,160 --> 00:22:36,079 have to have a discussion on the battlefield where you know, 355 00:22:36,359 --> 00:22:41,079 the rebuttable presumption meaning it doesn't happen, is that we 356 00:22:41,240 --> 00:22:43,799 are going to do the maximum amount to make sure 357 00:22:43,839 --> 00:22:46,359 our warfighters come home safely. If we could get rid 358 00:22:46,440 --> 00:22:49,240 of the cultural misunderstanding, we could get pretty close to 359 00:22:49,279 --> 00:22:52,720 agreements here yeah, but you're dealing with worlds that never 360 00:22:53,039 --> 00:22:54,200 ever ever talk. 361 00:22:54,359 --> 00:22:57,200 Speaker 1: So what are you talking about? And it's already I 362 00:22:57,200 --> 00:22:59,400 don't know if it's crossed your mind or not. Again, 363 00:23:00,079 --> 00:23:03,799 I hate repeating myself, but we're just starting in this war. 364 00:23:04,400 --> 00:23:08,000 And yet the casualty numbers h one is terrible. But 365 00:23:09,799 --> 00:23:14,440 war usually there's hundreds, if not thousands of casualties right 366 00:23:14,480 --> 00:23:17,000 out of the gate. And there may be on the 367 00:23:17,000 --> 00:23:20,640 streets of Tehran, and there may be in Beirut, and 368 00:23:20,680 --> 00:23:23,559 we certainly know about our six service members that have 369 00:23:23,640 --> 00:23:27,559 been killed. But if war can be fought more with 370 00:23:29,279 --> 00:23:34,279 AI war machines and the humans are not in danger, 371 00:23:35,759 --> 00:23:40,200 that's where Karp is going with this whole idea. A 372 00:23:40,319 --> 00:23:45,480 venture capitalist from Andresen her name is Catherine Boyle, kind 373 00:23:45,519 --> 00:23:47,279 of goes down this same road. 374 00:23:47,519 --> 00:23:48,119 Speaker 3: Absolutely. 375 00:23:48,160 --> 00:23:50,279 Speaker 11: I think the Department of War has been laser focused 376 00:23:50,319 --> 00:23:54,359 on artificial intelligence in this operation in two ways. One 377 00:23:54,440 --> 00:23:57,640 is in the targeting and bringing together disparate amounts of data, 378 00:23:57,680 --> 00:24:00,559 of doing simulations, and of making sure that our war 379 00:24:00,599 --> 00:24:02,839 fighters are safe and far away from the action in 380 00:24:02,920 --> 00:24:06,079 terms of making those decisions. But then also in terms 381 00:24:06,119 --> 00:24:09,599 of autonomy, we are now seeing attriatable systems that are unmanned, 382 00:24:09,759 --> 00:24:12,079 uncrew doing the work that used to have to be 383 00:24:12,160 --> 00:24:14,559 done by a manned system, and that means that our 384 00:24:14,559 --> 00:24:16,960 war fighters are going to be a lot safer. So 385 00:24:17,000 --> 00:24:18,799 I think what you're seeing out of this out of 386 00:24:18,799 --> 00:24:21,839 the Department of War is that artificial intelligence is going 387 00:24:21,880 --> 00:24:24,319 to be more and more important to the warfighter and 388 00:24:24,359 --> 00:24:27,000 more and more important in operations, and it's being used 389 00:24:27,000 --> 00:24:29,000 in a variety of ways that are very important for 390 00:24:29,039 --> 00:24:29,640 the warfighter. 391 00:24:29,759 --> 00:24:33,279 Speaker 1: Oh maybe this is a transition to that where we 392 00:24:33,359 --> 00:24:36,759 have you know, terminator type machines that are out there 393 00:24:36,799 --> 00:24:39,720 fighting the wars instead of the humans at least being 394 00:24:39,759 --> 00:24:44,240 close to where the combat is. A rather big report 395 00:24:44,279 --> 00:24:46,640 out today. This was the first Friday of the month, 396 00:24:46,759 --> 00:24:50,559 and so we got our jobs report out and it 397 00:24:51,160 --> 00:24:55,920 was a shocker. We were expecting, you know, a couple 398 00:24:56,000 --> 00:24:59,640 hundred thousand jobs maybe. Well, instead it turned out to 399 00:24:59,680 --> 00:25:03,960 be we we lost ninety two thousand jobs last month, 400 00:25:04,640 --> 00:25:08,240 lost ninety two thousand. A big portion of that was 401 00:25:08,559 --> 00:25:11,839 in healthcare because there was a big nurses strike going 402 00:25:11,880 --> 00:25:15,359 on in New York City, but ninety two thousand payrolls 403 00:25:15,400 --> 00:25:19,799 were lost last month. In addition, to that. December was 404 00:25:19,920 --> 00:25:26,319 revised down to minus seventeen thousand, January was revised down 405 00:25:26,920 --> 00:25:30,119 by four thousand to one hundred and twenty six thousand. 406 00:25:30,200 --> 00:25:35,359 So we this was a terrible labor report that came out. 407 00:25:35,599 --> 00:25:39,200 Unemployment rate went up from four point three to four 408 00:25:39,240 --> 00:25:45,640 point four, average hourly earnings three point eight percent year 409 00:25:45,720 --> 00:25:52,319 over year, that's about the inflation rate. And the number 410 00:25:52,359 --> 00:25:57,519 of long term unemployed that changed very little, but again 411 00:25:57,920 --> 00:26:03,119 it looked weak. Natasha Sarah from Yale at. 412 00:26:02,839 --> 00:26:06,559 Speaker 12: This since what we're seeing is that this job's report 413 00:26:06,640 --> 00:26:08,720 was amiss. It was a ninety two thousand dollars ninety 414 00:26:08,759 --> 00:26:12,240 two thousand jobs loss relative to what was expected to 415 00:26:12,240 --> 00:26:14,799 be around a fifty thousand gain number. And if you 416 00:26:14,920 --> 00:26:17,359 take in collection what we've learned about the last few 417 00:26:17,400 --> 00:26:20,720 months in the labor market, essentially alongside the downward revisions 418 00:26:20,759 --> 00:26:23,920 for December and January, we now know that the labor 419 00:26:23,960 --> 00:26:27,200 market has essentially stalled. We're in a situation where it 420 00:26:27,279 --> 00:26:30,640 is across all sectors and we're not seeing jobs being added, 421 00:26:31,039 --> 00:26:33,720 and in some sense that is continuing a downward trend 422 00:26:33,799 --> 00:26:36,319 that had been going on for several months in response 423 00:26:36,400 --> 00:26:38,839 to a lot of uncertainty about the way in which 424 00:26:38,880 --> 00:26:40,079 the economy is functioning. 425 00:26:40,400 --> 00:26:42,119 Speaker 13: Probably a bunch of that has to do with the 426 00:26:42,200 --> 00:26:44,440 nature of tariffs being at these levels that we haven't 427 00:26:44,480 --> 00:26:46,839 seen in the last century. And also some of that 428 00:26:46,960 --> 00:26:49,359 might very well be starting to reflect the fact that 429 00:26:49,559 --> 00:26:52,920 artificial intelligence, in this boon associated with it, is going 430 00:26:52,960 --> 00:26:55,039 to have downstream effects in the labor market. And so 431 00:26:55,079 --> 00:26:57,599 we're in kind of an uncertain time. And to your point, 432 00:26:57,599 --> 00:26:59,519 these numbers are already out of date because they're not 433 00:26:59,519 --> 00:27:01,839 reflecting all that's happened in the last week as a 434 00:27:01,839 --> 00:27:02,720 result of this war. 435 00:27:02,880 --> 00:27:05,599 Speaker 1: So, yeah, the impact on our economy from this war 436 00:27:06,920 --> 00:27:10,519 hasn't even been started to be calculated yet. Speaking of 437 00:27:10,599 --> 00:27:18,839 the war and people that are stuck overseas, I found 438 00:27:19,119 --> 00:27:22,079 I don't know, I'm hearing all these people complaining. I 439 00:27:22,119 --> 00:27:24,039 think they feel like they're entire the kind of the 440 00:27:24,039 --> 00:27:27,759 people you've run into the feel entitled that they need 441 00:27:27,799 --> 00:27:30,480 to be handled first. But there's a lot of people 442 00:27:30,559 --> 00:27:35,359 that are in Doha and Abu Dhabi and Bahrain and 443 00:27:35,960 --> 00:27:38,519 Saudi Arabia. There's a number of places, and guess what, 444 00:27:40,440 --> 00:27:44,079 when war starts, planes don't fly. They don't want to 445 00:27:44,079 --> 00:27:46,519 get shot out of the air. But the thing that 446 00:27:46,599 --> 00:27:49,960 streaks me is that people are demanding that planes fly anyway. 447 00:27:49,960 --> 00:27:51,880 I'm thinking, would you want to get on a plane 448 00:27:51,880 --> 00:27:54,519 that's flying through an area that they're shooting missiles? 449 00:27:55,039 --> 00:27:55,400 Speaker 9: Not me. 450 00:27:55,680 --> 00:27:58,039 Speaker 1: I'm just sitting in my hotel room, thank you, and 451 00:27:58,480 --> 00:28:01,039 wait for things to calm down. And even though it's 452 00:28:01,119 --> 00:28:03,519 nowhere nearback to normal, I was looking at the flight 453 00:28:03,559 --> 00:28:06,839 tracker maps today and there are a number of flights 454 00:28:06,880 --> 00:28:10,200 that are going and coming from those cities in the 455 00:28:10,200 --> 00:28:12,559 middle of this war zone that are being attacked. Nobody 456 00:28:12,559 --> 00:28:16,839 thought that Iran would attack their Arab neighbors, but because 457 00:28:16,839 --> 00:28:19,640 of that, and they've been hitting air bases and airports 458 00:28:20,279 --> 00:28:23,119 that a lot of the air traffic is starting to rebuild. 459 00:28:24,039 --> 00:28:26,880 But at the same time, I don't know about you, 460 00:28:27,000 --> 00:28:32,559 but before the war started, were you surprised that it started? 461 00:28:32,640 --> 00:28:37,480 I mean, I thought, I'm not dialing into the State 462 00:28:37,519 --> 00:28:40,200 Department every day, But there was plenty of news about 463 00:28:40,200 --> 00:28:43,759 the fact that the State Department was warning people to 464 00:28:43,920 --> 00:28:48,559 get out of those countries, warning them to leave, warning 465 00:28:48,599 --> 00:28:53,640 them they were evacuating embassy staff. Wouldn't that give you 466 00:28:53,680 --> 00:28:56,319 a little bit of clue about gem maybe if I'm 467 00:28:56,359 --> 00:28:59,160 in Doha, maybe I should get on a plane to 468 00:28:59,160 --> 00:29:02,880 get out of here. So they're working at the State 469 00:29:02,920 --> 00:29:05,680 Department trying to figure out how to get all those 470 00:29:05,680 --> 00:29:10,240 people out. And then in other news late this afternoon, 471 00:29:10,519 --> 00:29:13,960 the White House is having a roundtable with a bunch 472 00:29:14,000 --> 00:29:19,200 of people that are involved in collegiate sports at various levels. 473 00:29:19,240 --> 00:29:21,759 I mean, there's a whole bunch of who's who. Let 474 00:29:21,839 --> 00:29:23,480 me look at the list. 475 00:29:23,519 --> 00:29:23,720 Speaker 12: Here. 476 00:29:23,759 --> 00:29:28,559 Speaker 1: We've got Ron DeSantis, governor of Florida, the president of 477 00:29:28,599 --> 00:29:32,960 the New York Yankees, Randy Levine, he's there, Tiger Woods, 478 00:29:33,799 --> 00:29:40,559 Bryson d Chambro, Tim Tebow, Tony Dungey, Mac Brown all invited, 479 00:29:40,960 --> 00:29:45,000 Nick Saban, former coach at Alabama. But really as who's who, 480 00:29:45,039 --> 00:29:47,400 And the reason they're getting together is because of the 481 00:29:47,480 --> 00:29:55,039 problems in college sports with the nil business destroying college sports. 482 00:29:55,440 --> 00:29:59,359 It's the name, image, likeness, payments, and some of these 483 00:29:59,400 --> 00:30:02,279 college kids are making millions of dollars off of it, 484 00:30:02,839 --> 00:30:05,720 and they're leaving their schools. No, there's no loyalty anymore 485 00:30:05,799 --> 00:30:08,240 to their schools. If you can get a couple million 486 00:30:08,279 --> 00:30:11,640 dollars more by switching to a different university, off you go, 487 00:30:12,279 --> 00:30:14,640 and so they're trying to figure out how to solve 488 00:30:14,720 --> 00:30:17,519 all of this. Here's what the president said this morning 489 00:30:17,559 --> 00:30:19,799 before hosting this conference. 490 00:30:20,720 --> 00:30:23,279 Speaker 14: You can't pay a quarterback fourteen million dollars to come 491 00:30:23,279 --> 00:30:27,039 out of high school. They don't even know he's going 492 00:30:27,079 --> 00:30:29,880 to be a very good player. Colleges cannot afford to 493 00:30:29,920 --> 00:30:32,759 be paying the kind of salaries that you're hearing about. 494 00:30:33,720 --> 00:30:36,559 And frankly, if you didn't have a very strong salary 495 00:30:36,559 --> 00:30:40,680 cap in sports, and even then in professional sports, it 496 00:30:40,720 --> 00:30:42,880 would they'll all be at a business. 497 00:30:43,200 --> 00:30:47,640 Speaker 1: Tommy Lauren, a conservative commentator. She also doubled down on that. 498 00:30:47,799 --> 00:30:49,720 Speaker 15: Yeah, when they call it the Wild West is because 499 00:30:49,720 --> 00:30:51,519 that's what it is, and you know, the whole concept 500 00:30:51,599 --> 00:30:53,519 of nil and the money to we made for it 501 00:30:53,559 --> 00:30:56,359 is exactly what she said, Molly, Athletes. 502 00:30:55,839 --> 00:30:57,400 Speaker 1: That play hard and. 503 00:30:57,599 --> 00:30:59,599 Speaker 15: You know, the school's making so much money off of 504 00:30:59,640 --> 00:31:01,640 their name, image and likeness, they want a piece of 505 00:31:01,640 --> 00:31:03,880 that pie. And I think that most people would agree 506 00:31:03,920 --> 00:31:05,920 that they deserve some piece of that and they need 507 00:31:05,960 --> 00:31:06,400 to get some. 508 00:31:06,359 --> 00:31:07,720 Speaker 1: Skin in the game, so to speak. 509 00:31:08,000 --> 00:31:12,119 Speaker 15: But it's become something that's destroying college sports. What people 510 00:31:12,119 --> 00:31:15,200 love about college sports as opposed to professional sports like 511 00:31:15,240 --> 00:31:18,440 the NBA, MLB, NFL is that it's about loyalty. 512 00:31:18,480 --> 00:31:19,599 Speaker 1: It's about team spirit. 513 00:31:19,640 --> 00:31:21,799 Speaker 15: It's about this pride that you have in your school 514 00:31:22,039 --> 00:31:24,880 and the loyalty that your athletes have to it, and it's. 515 00:31:24,559 --> 00:31:26,079 Speaker 3: You know, it builds that spirit. 516 00:31:26,319 --> 00:31:28,359 Speaker 15: But then you have nil and you've got the revolving 517 00:31:28,400 --> 00:31:30,519 door of a portal and people going where they can 518 00:31:30,519 --> 00:31:32,400 make the most money, and you lose that loyalty and 519 00:31:32,440 --> 00:31:34,759 you lose some of that school spirit. And so President 520 00:31:34,759 --> 00:31:37,359 Trump rightly understands that while with everything going on in 521 00:31:37,400 --> 00:31:40,240 the world with ron and jobs and everything like that, 522 00:31:40,519 --> 00:31:43,039 it might seem like small potatoes, but to him and 523 00:31:43,200 --> 00:31:46,160 understanding the American culture, he understands something that needs to 524 00:31:46,160 --> 00:31:48,039 be addressed. And once again the theme of the day, 525 00:31:48,359 --> 00:31:51,599 President Trump understands he is uniquely qualified to tackle this, 526 00:31:51,960 --> 00:31:53,880 and he's got a great roundtable of people that I 527 00:31:53,920 --> 00:31:54,640 think can help. 528 00:31:55,160 --> 00:31:57,079 Speaker 1: We'll see what kind of answers that they can come 529 00:31:57,160 --> 00:32:02,160 up with for solving the n L college portal problem. 530 00:32:02,799 --> 00:32:06,079 Back to business, let's wrap up Wall Street for the day, 531 00:32:06,519 --> 00:32:12,119 the Dow finishing down four hundred fifty three. It was 532 00:32:12,160 --> 00:32:15,599 down much deeper than that earlier down four fifty three, 533 00:32:15,680 --> 00:32:18,279 the down at forty seven thousand and five oh one, 534 00:32:18,759 --> 00:32:22,880 the SMP down ninety, the NASDAC down three hundred and 535 00:32:22,960 --> 00:32:26,759 sixty one, Gold up one hundred two dollars, is now 536 00:32:26,799 --> 00:32:29,680 at five thousand and one eighty one. And the price 537 00:32:29,720 --> 00:32:36,240 of oil, man, it's up a ninety one dollars and 538 00:32:36,279 --> 00:32:39,640 some change for one barrel of oil. So that's it 539 00:32:39,759 --> 00:32:42,000 you had. And you heard Jeremy Siggles say maybe one 540 00:32:42,079 --> 00:32:44,759 hundred dollars if there's no breakthrough this weekend. I adopt 541 00:32:44,799 --> 00:32:48,200 there's going to be any breakthrough in this short of time. 542 00:32:48,640 --> 00:32:51,799 So have yourself a wonderful weekend. Thank you for coming 543 00:32:51,839 --> 00:32:55,319 by today. We will be back on Monday, and we 544 00:32:55,440 --> 00:33:04,319 certainly hope to see you then. 545 00:33:00,799 --> 00:33:00,839 Speaker 8: A