Speaker 1: And hello, Hello, Hello, Hello, how are you welcome to
the Big podcast. I have to go back a couple
of days. I don't know, two or three days ago
something like that. We were asking the question will our
blockade work? And then yesterday we got to the point
of the blockade really appears to be working. It is
jamming the economy of Iran. They are already hurting and
this is going to hurt them a lot very quickly.
Wonder how long it will take. Maybe a couple of
weeks in their economy will collapse. Well, it's on the
verge of it. But today was a clear sign that
the Iranians have changed everything. They came out and they said,
you know, the blockade of the Strait of Horror Moves
is over. We are not prohibiting anybody from going through
the Strait of horm Moves. So the president says, okay,
that's nice that you're doing that, but we're keeping the
blockade up. We're still going to keep the blockade up,
there's no question about it. So as a result, and
oh by the way, that blockade, he said, is going
to stay up until we have a one hundred percent agreement.
So the pressure is on Iran to hurry up and
come to an agreement, and you better basically give a
lot more than you're asking for, because they were asking
for a lot of various things the other day. So
now it obviously is hurting Iran's economy severely. I think
this is a big sign that they have more than
blinked huge. The stock market obviously is on a rally.
The oil prices are dropping significantly. But the president said
on true social he says no opening of the blockade
for Iran and Asia. I mean, China particularly has got
to be going, you've got to open that thing up
around I think China picked up the bone and called
them and said, you got to open it up. We
need our oil. And I think that's what led to it.
They're saying that the reason that they decided to open
the straight up horror moves, at least from their standpoint,
is because of the cease fire between Israel and Hasbo Lah.
And I'm going, I don't know if anybody believes that,
but it it's quite something. Let's check in with Dan Hoffman,
the CIA guy, see if he buys all of this
and how this is going to work.
Speaker 2: I think that statement about the straight of horror moves
is a significant confidence building measure. It's the first steps
potentially for framework whereby we dial down our military involvement
and get to the stage where we can have real
diplomatic negotiations. We've started that process, but the negotiations I
think are going to be painstaking. I don't have any
hope that there's going to be an immediate agreement, but
there is the potential for the framework for an agreement
whereby we see a free passage through the strait of
horror moves and the corresponding impact on the global economy
and our economy here at home.
Speaker 1: I mean I talked about the Iranian economy. Our economy
is also being hurt. Everybody's economy is being hurt by
these oil prices around the world. But has the blockade
Has it been worth it?
Speaker 3: Yeah?
Speaker 2: I think the blockade has been successful. I do think
Iran has a high threshold for pain, especially when it
comes to Iranian citizens. This regime obviously has no problem
with violating their human rights and making their lives miserable.
But what I think was hanging in the balance was
a resumption of US kinetic strikes, and what I think
Iran really wants is a continuation of the ceasefire while
negotiations carry on.
Speaker 1: I think that's what they really want. Now.
Speaker 2: The Trump administration delivered our own confidence building measure by
bringing Israel and Lebanon together for the first time in
almost fifty years for a ten days ceasefire, which was
something that Iran wanted. So these are positive steps, but
I think it's still tenuous. We need to see how
transport actually happens today at the strait of horror news.
But there's reason for some guarded optimism right now.
Speaker 1: And the guarded part is that they don't they don't
the truth, and so we got to watch them and
see just exactly what they do from here. What about
the nuclear dust as the President calls.
Speaker 2: It, And look, Ron has said for twenty years that
they don't want a nuclear program, but of course, behind
the scenes, clandestinely they pursued one. The concern we have,
of course, is the disposition of the thousand pounds of
uranium that they have, and not just nuclear enrichment, but
centrifugees for example. This is where the devil's in the
details of an agreement. If Iron were able to develop
their centerfuges, and we had a time based moratorium on
nuclear enrichment, say fifteen or twenty years, and when that expires,
Iran could produce a nuclear weapon. I think that's what
the President is concerned about, and that's why I don't
think he wants to agree to any sort of a
time based deal.
Speaker 1: And I'm glad because I'm very much with the President
on this no five year, ten year, twenty year sort
of moratorium. Nick Robertson is on the ground in the
Middle East, and from his vantage point, this is what
he sees.
Speaker 4: It's a significant development. The Iranians are framing it as
a result of the ceasefire in Lebanon. That was something
that they'd wanted to have. We have Pakistan's top mediators
in Tehran now entering the third day of talk at
the Foreign Minister with their head of the parliaments to
ahead of any hitting team. Met with the president as well.
They've met with the military generals and they have been
trying to narrow the differences between the United States and Iraq.
And of course, from the Iranian perspective, getting a ceasefire
at Lebanon was big. They thanked the Pakistani negotiating team
for AIV yesterday, and when we sort of think in
diplomatic terms of breakdowns of trust that happened over the weekend,
the Iranians leaving Islamabad when JD. Van said had put
the final and best offer on the table and the
Iranians saying, but you've moved the goalposts. A lack of trust.
Then you get to confidence building measures. The Lebanon Sea
fire was a confidence building measure for the Iranians that's
helped them, and it appears now and they're saying this
explicitly linked to them opening the straight up homers for
the duration of that ceasefire in Lebanon, which is ten days,
So they're linking their goodwill to that ceasefire holding in Lebanon.
But it also indicates that the Pakistani mediators in Tehran
are making some progress, but it's not a done deal yet.
And the thorniust of issue is that core issue of
uranium enrichment. What happens to those enrichment facilities, What happens
to that nuclear dust, as President Trump calls it, Who
goes into Iran if they do to get it out,
what country it goes to? Who oversees all of that.
These are going to be the thorniest of details. And
in the background to all of that, Iran has been
demanding war reparations. They've been demanding sanctions be lifted. They've
been demanding that they get access to frozen assets as well.
Billions and billions of dollars. This is what they've been
asking for. They even said that they talked about it
in the talks over the weekend, eight billion of frozen
assets they wanted given over. The White House knocked that
down over the weekend. So the precise details of what's
going on inside those talks in Tehran we don't know.
What we do know is so far there's been slow
but sure but steady progress. Now, can those really big
final hurdles of achieving what JD. Vance and the President
want to see, which is Iran say we're never going
to have a nuclear weapon and handing over all their
assets that could make it. That's the hurdle that we
seem to be standing in front of. And of course
in any negotiation, it is those final yards that are
the hardest yards.
Speaker 1: Yeah, but I mean, this is where I think we
should keep the economic pressure on the Strait of her
moods block don't let them get a penny of oil
sales and let the regime collapse, have them sign a
surrendered document and turn over their country. I don't know.
I mean there were there's like he went through. There's
a lot of questions, a lot of big questions about
what about this, what about that. I think they should
just drive them into the ground and when it all
collapses and we will set up a cleanup. But they want,
they actually want reparations. They want us to pay them.
And the twenty axios today came out and said, well,
we're talking about maybe twenty years moratorium where they can
have a nuclear weapon in twenty years. And the President
came out and said, no way. He's being very strict
about it. And I'm glad, no way. We're not talking
about five years, ten years, twenty years. We're talking about never.
We're not going to let them ever have a nuclear weapon.
Dark the long time negotiator for these sorts of things.
This is what he said.
Speaker 5: You're a lot obviously breaking, so we have to see
it to unfold. Look, I would say this is Irands blinked,
and I think they blinked. They can say it's about Lebanon,
but I really think it's about the blockade on their ports.
A classic Aron negotiating style. It's not a full blink.
I would say the blink with one I because I'm
meeting carefully. The statement from a boss Aarachi who's the
fund minister, and he says the Strait will be open,
but this is his quote on the coordinated the route
as earlier announced by Aron's port authority. That's basically the
route up by Iron's border that is not the international route.
So they seem to be saying any ship can now
go through. That's good news for a global economy. That
takes a lot of pressure off the White House and
then the global economic picture. But they also seem to
be saying it's only through our route and not the
international route. I think we should make sure the Strait
is open open full, including that that international route. So
that's something a lot I think over the coming of
the coming day. On the potential parameters of the deal,
John not totally surprising. There's always that that issue of
the frozen funds and then how they're allocated, what they're
allocated for. It could be for humanitarian food, medicine, it
could be for just to transfer into Alan. This is
always part of the negotiation, so I'm not surprised to
see that the key issue is what happened the view
and I thought earlier morning twotys thought part of the
Poms granium and the enrichment program and we have to see.
But back back up, bottom line, this is good news,
is the good news. It's releases pressure on the global
economic system to reuse a card that are on has
been really been holding this labor card since the start
of this conflict, and I think it gives a lot
more space here for the diplomacy to all to proceed.
Speaker 1: Very good news, but it's not complete and so don't
jump for joy yet. Meantime, in Paris today a number
of the European leaders got together. They literally had a
conference where they were talking about the diplomacy and how
we need to work on diplomacy with Iran. It was
very stiff upper European stuff. Here is one of the
reporters that was at the EU meeting in Paris.
Speaker 6: President of course, and the German Chancellor. Now, the idea
was that these were the non belligerent parties that were
first in line for the effects of war. None of
them had been consulted on. They got together without the
United States or Iran in order to try and figure
out how they could get the straight opened again, and
what pressure they could bring to bear, and how they
could put in place a sort of multi lash national force.
They could do things like d mining, but only once
the ceasefire had been struck. This is what kirs Stromer
just had to say.
Speaker 7: We've all agreed. There was real unity in the meeting
that we've just had. We want to see a return
to talks and a lasting agreement and including the reopening
of the strait. We welcome the announcement that was made
during our meeting, but we need to make sure that
that is both lasting and a workable proposal, and if anything,
it reinforces the need for the work that we've been
doing this afternoon, because we're very clear that the mission
that we're putting together is a defensive mission that comes
after a cease fire. So that's why we brought the
International Group together to indicate how we will play our part.
And there are a number of elements. First, to deliver
the diplomatic push for peace based on the fundamental principle
that the Strait should be reopened immediately with no tolls
and no restrictions, and there was absolute unity on those
points across all of the states attending today.
Speaker 1: Yeah, so the European leaders are sitting around ringing their hands,
holding ministers meetings and having great discussions about diplomacy. I'll
tell you the President today on true Social said now
that the horror moves straight situation is over. I received
a call from NATO asking if we would need some help,
and then in capital letters he wrote, I told them
to stay away unless they just want to load up
their ships with oil. They were useless when needed a
paper Tiger President DJT. General Keith Kellogg had this reaction
to the NATO group. Well, my take is, I think
we knew and we need a new defense for alignment.
You know, I think that thirty two nations in NATO
is in wieldy, so I think we kind of have
to go back to the drawing board. You know, it's
going to be kind of hard to tell my brother
in California that we're going to defend New York City
from Albania because Albania got hit or something like that.
And I think it's time we do that. In the
restrictions in NATO. In the NATO Treaty Article thirteen, you
give a year's notice that we're out of it, and
we can either say we're out of it or we're
going to fix it. Let's fix it. I think we
need to read organize reset to defensive alignment.
Speaker 8: For Europe as well. But President's right about that as well.
Some of those nations out there have gone to have
become very strong, like Poland, but some of those nations
right now have just negated their responsibilities as so as
entner NATO. It's about time we relook.
Speaker 1: At NATO was founded in nineteen forty nine after World
War Two, and it began with twelve founding nations. How
we got from twelve to thirty two is there's what
the General said, it's unwieldy. So I suspect that this
is the beginning of the end of the NATO that
we've known since the end of World War two. Well
back to the announcement from Iran that they have opened
the strait of our moves, which according to them, they have,
but it's with conditions. And Kareem Santa Jopur, who is
from Carnegie and studies these people backwards and forwards. He's
not that excited about this announcement today.
Speaker 9: President Trump obviously wants to try to end this forty
seven year conflict with Iran in several weeks, but in
my view, that's not going to happen. You still have
the same regime which wants the United States as an adversary.
A more narrow agreement on just the nuclear issue is possible,
but there's no signs that Iran is prepared to change
its conduct. And on the Straitor Homos, what they found
is that that's an incredible tool of leverage for them.
They agreed to open it now in exchange for Israel
seesing its military operations in Lebanon. But in the future,
of Israel resumes his military operations in Lebanon, we will
try to stop traffic in austral Again.
Speaker 1: I think he knows his subject very well. These people
are not trustworthy. Don't trust any of this either. And
as far as if this is all according to Iran,
this is all based upon the ceasefire between Israel and
be Root or Lebanon, then there's all kinds of people
that could play mischief and upset that by just throwing
the missile across that country's line.
Speaker 9: So many saboteurs in this equation, not only Lebanese has Bela,
the Huthis and yemen Shite militias in Iraq, and individuals
within the Iranian Revolutionary Guards who actually want to prolong
the war for their own internal experiences.
Speaker 1: So he's Larry, so am I, I mean, this is good,
but we need to do more than just trust or verify.
I have to get over my I don't believe a
word they say. I don't trust them. Meantime, you want
to talk about oil and gas prices, Well it was
right away. This happened before the market opened this morning,
so the few were way up, and they were up.
Now has been trading more than a thousand points to
the good, in fact, eleven hundred points of all of them,
and oil prices came down. I think I saw the
lowest I saw on West Texas Intermediate was eighty one dollars.
So we'll get the closing numbers here in just a
few minutes. But I this is exactly what I expected.
So eighty one dollars is not sixty eight to seventy
two that we were having before the war started. So
we still have a ways to go, but it did
what you would expect. Now, the question is it's still
going to be headline driven. Every headline that comes up
is either going to drive the market up or drive
it down. But right now the news is good for
gasoline and oil prices.
Speaker 10: Here's David Goldman, Now, this is really good news for
the oil market. Right So we've been seeing prices over
one hundred dollars for quite some time, so a little
bit of relief. Now, the question is when are we
going to see this? And I think that what you
need to remember is that this has been going on
for six seven weeks. So I think one of the
questions that we have is, first of all, is this
really it or is the strait of horm moves open
permanently now? So that's something that we need to watch.
But also when does production start to come back online?
Are the tankers moving out of the strait of horror
moves and getting to their destination on time? Is this
going to be a situation where we're talking about weeks
and then everything goes back to normal ish or are
we talking about a period of months. So that's something
that we need to watch, just in terms of turning
back on production. Because remember, it doesn't come on like
a light switch. This is a pretty interesting and complex
engineering feat that needs to happen in the Middle East.
Speaker 1: Yeah about oil coming out of the Strait of horrm
movez I see yeah, zatas I looked at the map
of the Persian Gulf, and you have to remember, even
though all along the eastern shore of the Persian Gulf
is Iran, on the western side the western beaches of
the Strait of a Persian Gulf, you've got Bahrain, You've
got Katar, you've got Kuwait, you've got Oman, and those
are all countries that produce oil, and so they can
load up their oil tankers and send them out because
the ships would be coming from a port that is
not Iran. So for now we're blocking the ships that
come from an Iranian port, but not from all those
other countries that are oil producing as well. Back to
David Goldman, he talks about, you know, the supply of
oil that's been the big concerns, the fact that Iran
was not sending their oil out, they were blocking everybody
except for their own ships. Well, the demand for oil
around the world because of the high prices. What's the
best way to lower high prices. The answer is high
prices because people start cutting back on four dollars five
dollars gas countries and factories, and everybody starts cutting back
on high oil prices, and so it's led to a
drop in demand. Back to Goldman, you'll talk about this such.
Speaker 10: An important question, right, So this is the paper price
of oil. This is the market saying we think that
if we're going to buy a contract for a future
delivery of oil, that's about what we want to pay
for it, right. But it's more complex than that, because
then if you own that contract, right, you need to
actually get the wet barrel of oil and then you
sell that to someone else. You're not drinking this oil.
This is something that you need to offload, right. And
the price of that oil has been significantly higher than
this because there was demand for the oil. But something
really interesting happened over the past few days. That price,
which was like one hundred and forty something dollars a barrel,
fell to just over one hundred dollars a barrel. Why
did it do that, And that's because demand for oil
has started to fall the problem with oil prices as
high as they were for as long as they were
means that there are people who are saying, forget it,
I'm not going to go on that trip, I'm not
going to fill my car anymore, I'm going to make
permanent changes to my lifestyle, or businesses saying we're going
to make big changes to how we're operating. And so
it could take a while for that to recover. And
that's factored into why oil prices are falling too, because
the demand side is weaker as well as the supply side.
Speaker 1: Yeah, that makes sense, it makes total sense. High prices, well,
people will buy less of whatever that product is. There's
also a problem with jet fuel, and in some parts,
especially in Asia, but also in Europe, airlines are cutting.
United Airlines is cutting five percent of their flights. They have,
along with most of the other major carriers, have increased
their bag fees a lot to try to make up
some of the losses. So it is airlines are having
a very very tough time. Here's back to David Goldman
again on the jet fuel.
Speaker 10: And so we haven't seen eighty dollars a barrel oil
for weeks and weeks on end, and so this could
be really good news if this holds. And I think
the point that Alex was making earlier is really really
important that nothing has changed yet, right, Right, oil hasn't
gotten out of the street yet. It just opened, and
so a lot is left to be seen about what
actually happens. If the president says that Iranian oil isn't
going to get out, well, okay, so how does that
work exactly? And you know that's a military effort. We
still have four versus in place to make sure that
that blockade holds. And so this is a sentiment reaction.
Is this is folks saying we think that this is
what's going to happen, but we need to see it
actually moving out. This is not turning on a light switch.
Speaker 1: Right.
Speaker 10: So the reason why oil has been at a stand
still is because the straight of horror moves has been closed. Okay,
so now if that's open, those tankers can start to
move out. Now you got to move tankers in to
collect the oil, but there's been no place to put it.
So turning on those production facilities is a small engineering
feet that takes weeks to do. So, yeah, they can
start to produce oil again. Then it's got to get
on the tankers, and then they need to get out,
and then they need to go and deliver their oil,
and they move as slow as oil tankers, and so
it takes a long time for that to get to
its destination. So this is a sentiment reaction. This is
investors saying, we feel good about this, but notice where
it's not. It's not back down to sixty dollars, which
is where we were before. Exactly. It's going to take
a while for it to get back.
Speaker 1: So let's get down to the price at the pump,
and again it was it's been coming down. Yesterday we
were talking about it being down eight cents, and today
is down even further. According to Tripla, the average price
four to seven, which is two stands less than yesterday.
For you truckers, five dollars and fifty nine cents is
the average on your price.
Speaker 10: So gas prices don't fall like a rock, they fall
like a feather, okay, And the reason is twofold. First
of all, all that gas, all that stuff that we
were just talking about, that needs to happen first before
the refineries get the gas to refine, and then they
ship it off to warehouses and then it goes on
a tanker and then it goes sheer gas station. They
are going to take some time to get those prices down.
And the other thing is that if you're a gas station,
you make very little profit, so you're not in a
rush to go from four dollars to three dollars. That's
why it's going to take a little while.
Speaker 1: The other simple explanation is if you've seen those big
tankers pull up to a gas station to deliver the gas, Well,
if you're a gas station owner and you got a
delivery last week, you paid a lot more than four
to seven for your gas. You paid a lot more,
So you've got to You can't lower your price immediately.
You've got to wait for all that gas in your
tanks for the people to come and buy it, and
they're going to have to buy it at a price
higher than the current spot market price. Meantime, I mentioned airlines,
and the airlines are raising their prices, and they're raising
their tickets, and they're raising their baggage fees, and they're
cutting flights and they're doing everything they can. Spirit Airlines,
which was in bankruptcy once came back out there in
bankruptcy again. They have been warning that they may be
out of business within the next couple of days. I mean,
not fine at all, shutting down, you know, the yellow
airplane Spirit. And one of the one of the things
about this during the Biden administration, there was a woman
who was running mergers and acquisitions and she and fought
tooth and nail for Jet Blue to buy Spirit Airlines.
Listen to what one of the anchors at CNBC said
this morning about that ruling and how it put a
death knell on Spirit too.
Speaker 10: Not about Spirit.
Speaker 3: That's good, you are, yeah, I know that it means
were born.
Speaker 10: I'm not trying to fly spear. But for people who
want a low cost budget option, are they in a
better position now than they were a few years ago?
Speaker 11: Take it up with your you know, the Democratic administration
she loved so much, coming.
Speaker 1: Up, Joe Kurdin, what that. Take it up with the
Democratic administration you love so much. Yeah. The Biden administration
blocked the purchase of Spirit by Jet Blue, and everybody said,
if you don't allow this, Jet Biden, excuse me, Spirit
is going to go bankrupt, and they did, and now
the customers who love them so much are not going
to have them at all or they would have had
a low cost option if the judge had approved that.
Just one of my pet peeves. Let's talk Israel. What
a major change is going on with the Americans view
of Israel. Back in well, the US Senate, for example,
there are fifteen Democrats a year ago who were all
for stopping funding military defensive equipment for Israel, in other words,
iron dome and things like that. Fifteen of them. Then
late last summer, twenty seven Democrats in the Senate were
opposed to giving Israel any money. Now it's up to
forty of the Democrats. Forty of the forty what is it,
forty seven are opposed to giving Israel any kind of
money for defensive equipment. Two people go over this. The
political guy David Slaine talks about how Israel, because of
the war in Gaza and now with what's going on
in Iran, there's a lot of Americans that are turning
a cold shoulder to our friends in Israel.
Speaker 12: I think a year ago, on a similar measure proposed
by Bernie Sanders, it was like fifteen Democrats that supported it.
Then in the summer there was another similar proposal. It
got up to twenty five twenty seven Democrats and now
forty Senate Democrats.
Speaker 3: I think in one year you've seen a dramatic uptic.
Speaker 12: I think it mirrors what's going on in the polls
inside the Democratic Party. Netanya, Who's Israel is becoming more
and more unpopular. Democrats, especially in America, have a more
unfavorable view of Israel, and so you're seeing a lot
more Democratic senators sort of responding to that and joining
this opposition to selling offensive weapons to Israel for the classic.
Speaker 1: Okay, so Democrats turning their back on Israel. What about
the Republicans in the Senate.
Speaker 12: Yes, although you're starting to see fractures there as well.
Speaker 3: I mean there are concerns.
Speaker 12: I don't think it's not nearly as widespread it is
on the Democratic side, but on the Republican side of
the equation, you're also seeing not a total unified support
of Israel the way that you used to.
Speaker 1: So Harry Enton, who does the data collection of things,
points out how severe the attitude is against Israel in
this country.
Speaker 11: Okay, so you see, I'll say, going up and there's
all this discussion, Oh there's this divide on Israel within
the Democratic Party.
Speaker 3: I'd make the argument there was a divide four years ago.
Speaker 11: I'm not quite sure there's a divide anymore, because just
take a look here, okay, democrats net favorability of Israel
not liberal, those who are modern conservative versus those who
are liberal. You go back to twenty twenty two, those
who are not liberal slightly more likely to hold a
net favorable view of Israel than not Liberals were against
Israel by that point minus twenty six oneths come out
over this side of the screen. That divide is simply
put God, there is no divide within the Democratic Party
when it comes to views towards Israel. The net favorable
rating amongst those who are modern conservative not liberal. Look
at this, minus fifty five points. That's a shift of
fifty eight points in just four years time. Those who
are liberal, it's nearly a fifty point shift minus seventy
four points.
Speaker 3: But now moderates and.
Speaker 11: Conservatives as well as liberals, those within the Democratic electorate
are united on their views towards Israel.
Speaker 3: It is unfavorable at this point.
Speaker 1: No, it's really shifted a lot, and it has to
be because of the war in Gauza and now the
war in Iran. Back to Harry h factor.
Speaker 11: Okay, age was another divide that we saw, but that
age divide is breaking down. Look at this Democrats net
favorability towards Israel h fifty plus back in twenty twenty
two was plus ten points. Those under the age of
fifty age eighteen to forty nine minus twenty five points.
Speaker 3: Come over to this side of the screen.
Speaker 11: Again, these are just dramatic, dramatic shifts. Look at this
age fifty plus now minus fifty four points. That's a
shift of what Johnny, But that's a shift of sixty
forty four points, sixty four points in the negative direction
age underage fifty. It's a shift, and normally this would
be a huge shift, but it's forty five points as
compared to what sixty four points. But the bottom line
is this the age divide that there was on Israel
within the Democratic Party that has gone again basically uniformly
negative views towards Israel among Democrats, and that in my mind,
is playing out in Michigan right now as LSI Edg's
chances are going up.
Speaker 1: It's very dramatic. And speaking of things changes, he was
talking about Muslim candidate for the Cenate out of Michigan,
and his numbers are going up rather rapidly. He's still
in second place. And last night in New Jersey they
elected a woman who is well, she's so far left.
She was backed by Bernie and AOC. Her name is
Analisja Mahia, and she ran on a platform that emphasized
Medicare for all, free college, canceling all student debt, twenty
five dollars minimum wage, the first forty thousand dollars that
you make would be tax free, abolish ice, and hold
President Trump and his administration accountable. Bernie and AOC backed
and this is New Jersey, a fairly nice, affluent area
of New Jersey. She won by twenty points, so she
took over the seat that was previously held by the
now governor of New Jersey. So the move on the
Democratic Party is clearly, clearly, clearly to the left. New
Jersey's very Democrat, very blue. But man, this woman is
far far left and she won handling. So let's get
to the numbers for Wall Street because with this news
about the Iran is saying that the strait of our
moves is open before the market's open, and the futures
are way up and We spent most of the trading
session with the Dow Jones industrials at better than eleven
hundred points to the good a little bit of selling
in the final couple of hours. The Dow finished up
eight hundred and sixty eight to forty nine thousand and
four to forty seven, so not quite a record. The
SMP new record up eighty four, the NASDAC new record
up three hundred and sixty five, gold up forty four
dollars to four thousand and eight fifty two, and oil
prices did come down, they were turning around eighty one.
They finished down nine dollars for the day at eighty
five dollars and some change for one barrel of oil.
So that's it for today. Have yourself an absolutely sensational weekend.
We'll be back on Monday. I hope to see you then.