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Speaker 1: And hello, Welcome to the Big Podcast. Today is Tuesday,

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the twenty second day of July, Year of Our Lord,

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twenty twenty five. My name is Tom Sullivan. So, man,

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we've got We've got a lot today. We've got the

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whole thing about Stephen Colbert. It's getting ramped up. I've

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got some very strong feelings about CBS and what they're doing.

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And then PBS, let's throw them in there as well.

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The Epstein's not going away. They're now starting to fish

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around about Julane Maxwell and talking to her Hunter Biden.

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He's still griping about the Democrats, and rightfully so just

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did his language is a little flavorful. And the fed

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Jay Powell is he going to be fired or not?

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Who would take his place? So we've got some some

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views about all of that. And then the entertainment industry

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today was rocked by the news get that of Ozzy Osbourne,

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the godfather of heavy metal, passed away today at the

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age of seventy six. And what's surprising about this, it

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was just what was it? Two weeks ago he did

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a reunion thing with Black Sabbath. They came back together

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again and they had a reunion.

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Speaker 2: Show.

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Speaker 1: I guess you'd call it, but they've said Ozzy died

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of Parkinson's. I didn't know that you could do a

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rock and roll show, a heavy metal show and two

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weeks later died from Parkinson's. But so that's the word

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from Sharon Osbourne and the two children as Ozzy has

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passed away at the age of seventy six. And that's

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after yesterday the surprise. The surprising news about Ozzy Osbourne.

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I'm not trying to be flippant here is God bless

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the man. The shocking part is that he lived to

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seventy six. I mean, he was a wild man and

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he was able to squeeze out seventy six years of

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life despite all the everything that he was involved. Was

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so God bless Ozzy Osbourne. And yesterday was the surprise,

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not for age but for Malcolm Jamal Warner, who played

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theo Huxable with his family on vacation in Costa Rica.

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I've been there once. They have gorgeous beaches there. Anyway,

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he drowned yesterday at the age of fifty six. Bill

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Cosby was asked about it and he said, it reminds

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me of when I lost Ennis. That was his son

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who died, and I've heard that. Remember an old interview

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from Gracho Marx years ago. He was just before he

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passed away, and somebody interviewed him and said, you know,

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you've had all these highs in your life, what's the

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biggest loan? He said, I lost my adult son. And

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so it doesn't matter how old they are or how

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young they are, but a parent losing the child was

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something that Grachos brought up and Bill Cosby brought up.

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So a lot of celebrity deaths in the last couple

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of days. Let's start with the bad pun death of

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late night television. I mean, it's not it's not dead,

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but I think it's going to be. We talked briefly

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yesterday about the fact that Stephen Colbert was axed, and

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we went over the numbers. What was there. He's like

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a million people behind Greg Guttfeldt his audience. It's like

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two million something like that is not anywhere near what

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late night used to be. And you look at the

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late night crowd. You talk about Jimmy Fallon and Jimmy

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Kimmel and Seth Myers, and they're all the same, and

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they all talked politics, and I think Kimmel has more

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Hollywood type people on than anybody else. But Colbert has

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turned into a late night political talk show. And political

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talk shows, I know from personal experience, work much better

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during the daytime, absolutely much better during the daytime. So

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they're putting that on. People want into your day. The

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last thing you want is somebody griping about some politicians.

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So instead, the formula that Johnny Carson came up with

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was humor and entertainment, and he had movie stars and comedians.

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You can go back on YouTube right now and look

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at you can watch the Tonight Show with Johnny Carson,

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and he had on stars that are long dead and gone,

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but they were funny. I mean, you can watch them

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now and still it'll still bring a smile to your face.

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So there is no bringing a smile to your face

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from Stephen Colbert. They're very uptight and it's all about politics,

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and it's all about Donald Trump is the worst person ever. Okay,

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but tomorrow the same thing and the next day the

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same thing. And that's what's been going on. So they

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have lost their audience now.

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Speaker 3: I know.

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Speaker 1: People are trying to bring up the fact that CBS,

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which is owned by Paramount is trying to be sold,

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and they need the approval of the Federal Trade Commission.

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And the Federal Trade Commission is run by Brendan Carr,

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who is an appointee of Donald Trump and a conservative guide.

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Federal Trade Commission has conservatives and liberals on the panel,

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but in any case, they have to get his approval,

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and they don't want to rock the boat right now.

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That's why CBS paid Donald Trump sixteen or seventeen million

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to settle the lawsuit that Trump brought regarding the editing

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of Kamala Harris's interview for sixty minutes. That's another whole show.

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But I'm just talking about Late Night in general. So

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there's a media trade magazine, Barrett media guy by the

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name of Garrett Seawright talked about, wrote a piece today saying,

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no matter how you felt about Colbert, be honest. Plenty

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of folks on the right saw his run as an

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unending monologue against everything they believe in, but that the

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cancelation of the Late Show is the kind of media

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earthquake that causes cracks far beyond the walls of CBS.

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And I agree, and I would think if I was

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Jimmy Kimmel or Jimmy Fallon or Seth Myers. I'd be

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dusting off my resume because I think that era is

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over unless you can find a comedian to go out

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and do a late night show. Greg guttfelt On thought

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is a funny guy. And I know Greg very well.

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And when I first met him, we would talk a lot,

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and I said, well, were you a stand up comic

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or something. He goes, no, no, he says I was

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an editor for Men's magazine. Said what, yeah, he says

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he was a magazine edited. But he's naturally funny, and

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he has funny people on his show, and as a result,

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he's beating all the late night competition. They moved his

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show up a little bit because people aren't stayed up

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as late. That is so true. When I was in

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local television, this is years ago, I was on the

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six thirty PM news. I would do my financial news

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and business news and all that, and they came to

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me one day and they said, I would like you

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to do the morning show. I said, you mean the

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one that starts at six in the morning. They said, yes,

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oh my god, but who's watching at six in the morning.

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And they said, well, other than the six thirty PM show.

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The six am show is the second biggest audience that

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we have all day long. What about ten and eleven

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at night? Nope, much smaller people in America get up

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earlier than they used to, and the format has changed.

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It's not Johnny Carson, not even close, not even trying

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to be Johnny car. Carson was a genius also from

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the fact that he was not the star. He brought

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stars on and interviewed them and his reaction to them

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was funny. But he oh, he was had a comedic talent,

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but it was really the John Wayne's and the Elizabeth

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Taylor's in that kind of crowd that people tuned in

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for and watched until they fell asleep sometime after midnight.

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So I think this Cobert thing and he's this is

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the other part about this. I learned also a long

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time ago, if you are running a broadcast facility, whether

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it's a network like CBS or a local television station

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or local radio station, when it's time to say goodbye

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to somebody, you're going to cut a talent loose. That's

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what that's what they call is talent. I know it's

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kind of weird if you're going to the host. You're

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going to say, okay, we're going to let you go.

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Here's your last paycheck. They never ever give the audience warning.

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And the reason why I saw somebody do it wrong.

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One time, there was a lovely lady that I worked with.

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She did an afternoon show and it never got really

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good ratings. It's a nice lady, but it just never

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got an audience. And so they said, well, we're going

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to cancel the show, and you're canceled too, And she

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said oh. She says, can I go back on and

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tell the audience goodbye? And they said sure. So the

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next day she was on the air and she says, well,

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my show has been canceled, and the company said they

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don't want to keep me here, and I just wanted

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to say goodbye. It was the worst. For the next

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three hours, it was phone calls from people going, oh,

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I'm gonna miss you. Oh you're the best. Oh, I

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can't imagine the day without all that kind of stuff.

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It went on for three hours. What I learned from

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that was that the broadcast executive who allowed her to

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stay on, uh, never lasted long himself in broadcasting. I

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know it sounds mean, but When you cancel a show,

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you cancel it effective this you know, after show. Oh,

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the word in broadcasting is go see the program director.

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Speaker 4: Uh.

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Speaker 1: Oh, you go in to see the program director and

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they got a check and they hand it to you

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and say, what the show you just did? That was

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your last show? Because they don't want people on there,

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They don't want the host going. I'll tell you what.

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This company is the worst company I've ever worked for

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in my life. Oh and the program director is the

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worst person I've ever met in my life. Let me

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tell you how bad the person. No, they don't want

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that either, And they don't want this song, the sing

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song stuffed from listeners. So that's just the way it

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is in broadcasting. If somebody says, for example, when I

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announced I was going to be retiring from my daily

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radio show in two months, you know that they are

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the ones who chose to leave. But if they just

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disappear one day, it was the company that chose for

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the person to leave. So here's a little bit from

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Stephen Colbert last night. This is the first night since

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the word came out Friday night that he was going

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to be fired, but not until May. And I'm thinking

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to myself. This makes no sense in the world none,

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because now he's going to go on he's going to

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gripe about CBS and he's going to gripe, Well, he's

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already griped about Donald Trump. He does that every night.

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So that's just more of the boring stuff. But it's

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the audience is going, oh, this is terrible. So here,

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let's listen. Here's Stephen Colbert from last night.

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Speaker 5: On Friday, Donald Trump posted, I absolutely love that Colbert

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got fired.

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Speaker 1: His talent was even less than his ratings.

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Speaker 5: How dare you, sir? Would an untalented man be able

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to compose the following satirical witticism?

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Speaker 1: Yeah, that's right. He decided to drop an F bomb on.

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I thought, what happened to the days when the Federal

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Communication Commission FCC would find stations and networks if there

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was swearing, And now they're dropping F bombs and there anyway,

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So no class mister Colbert trying to keep it classy.

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I can't imagine CBS is going to let him continue on.

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Here's a little bit more from last night.

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Speaker 5: Over the weekend, it sunk in that they're killing off

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our show. But they made one mistake.

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Speaker 1: They left me alive.

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Speaker 3: I don't care for him.

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Speaker 5: Doesn't seem to have like the skill set, doesn't have

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the skill set to be president.

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Speaker 1: You know, just not a good fit.

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Speaker 3: That's all.

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Speaker 1: Listen. We all all have different ways of doing broadcasting.

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We all have different ways of doing television or radio shows.

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And so he chose that way. Like I told you before,

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when he was on Comedy Central the Colbert Report, I

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thought he was kind of a funny guy. So he

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has comedy talent, but he's really just relied upon one

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trick pony, which is just say bad things about Donald

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Trump and you'll get oh yeah, you'll get an audience.

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But it's the ratings are dismal. They really are. And

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so in addition to people speculated about a CBS doing

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this to make the Federal Trade Commission happy. Maybe I

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don't know. I don't have any inside dope, but I

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will tell you that when CBS loses forty million dollars

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a year on your show and you have lousy ratings,

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I don't think anybody should be surprised when you get

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called into the office and told your show is over.

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You're canceled forty million dollars. When I had a network

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television show. I had fifteen people on the on the show,

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to fifteen people from bookers to producers to line producers

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of a variety of people Colbert had. I've heard two

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different reports. One was he had one hundred people. Another

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one was he had two hundred people on his staff

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and people are expensive. And besides that, like I said,

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the ratings were terrible. They were losing forty million dollars

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a year. I'm surprised that they I still cannot believe

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that they're going to keep him on the air until

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his contract aspires in May. I will bet you a

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large lunch of the drive up window that that's not

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going to happen. He is not going to last until May.

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So if you like Colbert, you better tune in because

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I'm not sure or how much longer this act is

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going to go. So then we'll go to another show,

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which is hosted by John Stewart, The Daily Show, and

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I I don't think I've watched The Daily Show twice

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in my life, but I've seen clips of John Stewart

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and he seems like a funny guy. But guess what

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he works for. Well, the company that owns The Daily

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Show is Paramount Global division of MTV Entertainment Group, And

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so Stewart has now said that he's unsure of the

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Daily Show's future. I didn't look up his ratings, but

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I don't know if they're making money or not. If

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he has good ratings, and he has and they're not

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it's not costing a millions of dollars to put the

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show on, then he's probably fine. But he also went

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off of again. I grew up in a world where

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you just don't bite the hand that feeds you. So

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even if you don't like your boss or you don't

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like your company, you don't say anything until after you leave,

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and then you can say whatever you want. Kind of,

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but it might follow you down the road when you're

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trying to get another job. Here, John Stewart from Night

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Before Last.

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Speaker 6: And if you believe as corporations or as networks, you

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can make yourselves so innocuous that you can serve a

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gruel so flavorless that you will never again be on

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the Boy King's radar. Hey, why will anyone watch you?

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And you are wrong? You want to know how impossibles

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that's a show.

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Speaker 1: But he's right about authenticity. You better be authentic. You

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can't be a phony and host a daily show or

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in John Steorge's cases, now down to one day a week.

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But you have to be authentic, and Stewart seems to

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come across that way. He's done a lot of good

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things in the community and so forth. But again, don't

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bite the hand that feeds you and expect to keep

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your job. Bill Carter, he wrote the book War for

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Late Night, had this observation.

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Speaker 7: We have a sense it's going to play out in

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this very in your face way.

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Speaker 1: Let's face it.

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Speaker 7: Colbert has been extremely critical of Trump. He has been

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extremely critical Trump. To say he's going to get unleashed, well,

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he's already pretty unleashed, so I don't think it'll get

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exponentially worse. I just think he's going to be very

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bold in saying his mind. And his mind is that

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he thinks that the president is ill qualified and does

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a lot of things that are worthy of criticism or

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at least being held to account. You know, that's interesting

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because Trump would say anything that comes up as criticism.

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But I mean, he basically doesn't accept anybody saying, you know,

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this the wrong thing to do, or you made a mistake.

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He won't agree with that. That's a real good question.

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I mean John openly said I'm going nowhere. Last night,

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he said, I'm not going anywhere. So the idea that

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they're walking off is off the table. He did, although

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at the end of that say I think, which I

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guess means he does think it's possible for them to

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pull the plug on him. I guess you know, they

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have to say to themselves, how far do we want

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to go looking like we're squashing descent? Because now they're

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basically laying on money. But if they pull him off

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the air, if they pulled John Stewart off the air,

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after pulling Colbert in the air because of their outspoken

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criticism of a president, they are openly saying we're going

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to squash descent. We don't like what they're saying, and

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that's a pretty dark place going. I'm not saying they

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won't do it. I mean it will see how much

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they can tolerate. But the big thing just that the

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merger will have been finished. And I think that's what's

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really been in the middle of this because they don't

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want Trump to block this merger. It will cost him

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a ton of money if that falls through. So I

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think it's really about that. When they get past that,

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they'll probably say, you know, let it play out. John

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Stewart's contract is up at the end of this year,

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for example. They could quietly or not so quietly, refuse

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to renew it, and then they won't be saying we

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didn't squash Descent. He was able to talk for all

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these months. We just decided it's time to move on.

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Speaker 1: Well, he's entitled to his opinion. I think it's about money,

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and I don't think they're squashing Descent. I mean, good grief,

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it's CBS. CBS has lots of left wing shows, so

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and so what. So you cut him off and you

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get a whole bunch of hate email for forty eight

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hours and then you move on. Yeah, you better have

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another program to put in there, something else to put

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in whether people are interested in because right now the

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audiences for these shows are too small, or the production

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and all the staff are too big. It's not working financially.

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And as far as to say goes again, I don't

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think CBS is opposed to left wing commentary. But Bill

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Carter is entitled to his opinion. So if Stephen Colbert

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wants to be unleashed. I don't know if CBS will

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allow them to be unleashed on their network, but he

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could literally, I think, make more money by just doing

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a roadjo tour and go around. Jay Lena used to

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do this all the time. He would he made his

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money by doing stand up comedy while he was hosting

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The Tonight Show. He would go around the country on weekends.

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And so Stephen Colbert could easily. He's got a big name.

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He could sell tickets to all the people that are

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a bunch of lefties that like to hear him gripe

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about Trump, and then he will do just fine. I

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don't know. He can't get out of the contract by himself,

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but if CBS cuts him loose, I would think he

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would be celebrating, going hallelujah. So this isn't the end

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of Stephen Colbert. He's been around a long enough time

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and has a beg enough following. He'll do just fine.

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CBS is the one who just I don't are they

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that bad at running a network where they won't just

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say to him that was your last show. Now to

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the other television story, PBS, Public Broadcasting and NPR, why

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the government has funded them for this long is a

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mystery to me. They don't fund any other media. No,

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and PBS, if they were smart, there's lots of options

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that they can do. They can pony up with other

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with commercial They're going to become a commercial network if

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they're going to survive. I mean, you can only do

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bega thoughts so often, and you can raise money that way,

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but if you really want to get to the full

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amount of money you need to run your network. They

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they've got shows that they could joint venture with CBS

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or ABC or Fox or whoever, any other television production company,

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and they could join at the hip there and they

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get a sales staff and start selling ads. They already

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do sell ads. You know, this program sponsored by brought

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to you by the Bank of X, whatever it might be.

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So they're selling ads. So I think I think PBS

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is no, they're not going to do more pledge drives.

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I think they'll do fine if they just wrap their

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arms around commercial television and they've got a bit built

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in audience. I don't know what's holding them back. As

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far as NPR National Public Radio. Again, I've seen a

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number of articles about the staff that they have at

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these NPR stations is four or five times bigger than

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most radio stations have commercial radio stations. I got my

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I've actually got my start at PBS. I got a

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call from a program director of PBS who said they

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would like me to do a round table with a

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black curtain around and everything else, a financial show every week.

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And it was grace. I cut my teeth on that.

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The hardest part about it was it was a sixty

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minute show and there were no breaks for commercials, so

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you just keep going for sixty minutes. But I mean,

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I owe my start in television to the Public Broadcasting Corporation.

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They'll do fine. I really do think they will. Where

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are we going to go next year?

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Speaker 7: Oh?

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Speaker 1: How about that Epstein story? I know it will not

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go away. It just will not go away. I I

394
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don't know where it's going to go. But they're now

395
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talking about Todd Blanche who was the president's lawyer and

396
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he's now the deputy ag is talking about getting an

397
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appointment with Jelaane Maxwell. She's like, she's got time. She's

398
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in prison and they want to meet with her and

399
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talk to her about anyone who committed crimes. They've reached

400
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out to her attorney for a meeting at the direction

401
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of Pam Bondy. So they're trying to do some motion

402
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and commotion to make you think that they're working on this,

403
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as opposed to what they said last week, which was no,

404
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that's it, nothing more, move on and half the magacrab

405
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went nuts on that. Half the country with nuts on it.

406
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So they are now making some moves about trying to

407
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get Julaane Maxwell to tell them what was really going on.

408
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I'm thinking, well, don't they already have files of interviews

409
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with her the FBI when they were first questioning her.

410
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So I'm puzzled by this, But I think they're just

411
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trying to make it look like they're doing something. David Axelrod,

412
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I don't know how he got in this, but this

413
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is his view of the whole episode with Epstein.

414
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Speaker 2: But you know, not to feed conspiracy theories. The idea

415
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that someone who's in prison for twenty years is going

416
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to testify truthfully at is really a stretch. I mean,

417
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she knows the president has the pardon power, she knows

418
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that the president has used it pretty liberally, I mean

419
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that in a different way, and so there is quite

420
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a bit of incentive for her to say what is

421
00:27:54,960 --> 00:27:59,160
useful and what is helpful, and you know, the idea

422
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that this Justice Apartment wants her to say other than

423
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that is also strained by the things that we've seen.

424
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So I'm not sure. It's just the plot just keeps

425
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getting thicker all the time.

426
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Speaker 1: Here, the plot does get thicker because Jolanne, if you

427
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were in Jelainne Maxwell's shoes, what would you do? You

428
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would be bargaining for get me out of prison. Right now,

429
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I'll talk, but I want to pardon and I want

430
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that agreed to and advance before I say one thing,

431
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So we'll see what she said. I think she's going

432
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to talk, but what she says may or may not

433
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be believable. But she was right there. You see these

434
00:28:36,319 --> 00:28:40,119
old photos of Epstein and right next to him was

435
00:28:40,920 --> 00:28:43,839
Dulane Maxwell. The bottom line out of this Epstein story,

436
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I think where it's going is the President said, well

437
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Pine and BONDI said, Nope, that's it, nothing more, nothing

438
00:28:50,359 --> 00:28:52,880
to see here. And now it's clear that the president

439
00:28:52,960 --> 00:28:59,599
has pivoted to more transparency, saying he supports transparency. So

440
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we just wait and oh, by the way, Congress was

441
00:29:02,640 --> 00:29:07,720
supposed to vote on whether to release more information to

442
00:29:07,759 --> 00:29:12,920
demand more information from the Justice Department, and Mike Johnson,

443
00:29:12,960 --> 00:29:16,680
the Speaker, late this afternoon said, oh, look at the

444
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time we got to go. So they are not going

445
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to hold a vote on asking the Department of Justice

446
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to release more information. And not only did they not

447
00:29:26,880 --> 00:29:29,759
vote today, they're not voting for I don't know when

448
00:29:31,160 --> 00:29:35,680
their August recess has begun. They are done at the House.

449
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I know it's not August, but close enough for government work.

450
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They are gonzo. They're on their August recess. So they're

451
00:29:47,400 --> 00:29:50,400
hoping that during the month of August everybody will forget

452
00:29:50,480 --> 00:29:56,559
about this. Maybe, but I don't think so. And then

453
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with the characters that we are talking about today, we

454
00:30:01,519 --> 00:30:04,559
mentioned it yesterday, Hunter Biden sat down for a three

455
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hour interview with some guy. I don't know what it is.

456
00:30:08,480 --> 00:30:10,079
It's on YouTube if you want to look it up

457
00:30:10,079 --> 00:30:12,000
and spend three hours of your time that you can't

458
00:30:12,279 --> 00:30:16,359
ever get back. But and Hunter, I've never heard I've

459
00:30:16,400 --> 00:30:19,400
never heard of sailors swear as much as this. Apologies

460
00:30:19,440 --> 00:30:23,240
to the sailor's out there, but this is pretty incredible

461
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that he is going after everybody. He's going after the Democrats,

462
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blaming them for the fact that his dad stepped down

463
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from running for president.

464
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Speaker 8: Him, him, him and everybody around him. I don't have

465
00:30:42,640 --> 00:30:45,480
to be nice. Number one. I agree with Quentin Tarantino.

466
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George Clooney is not an actor.

467
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Speaker 3: He is a like.

468
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Speaker 8: I don't know what he is. He's a brand. James Carville,

469
00:30:53,759 --> 00:30:57,759
who hasn't run a race in forty years. And David Axelrod,

470
00:30:57,839 --> 00:31:00,480
who had one success in his political life and that

471
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was Barack Obama, and that was because of Barack Obama,

472
00:31:02,920 --> 00:31:04,519
not because of David Axelrod.

473
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Speaker 1: Yeah. I don't know anybody that talked like that. I

474
00:31:10,559 --> 00:31:12,680
know people that swear, I know people that dropped the

475
00:31:12,799 --> 00:31:16,319
F bomb, but I've never heard anything like this before.

476
00:31:17,400 --> 00:31:23,400
Mark Penn, who is a Democrat polster, put out a

477
00:31:23,480 --> 00:31:28,720
tweet today he said, my stomach churns at seeing a

478
00:31:28,839 --> 00:31:32,000
foul mouth hunter Biden to attack the world. He is

479
00:31:32,039 --> 00:31:36,119
out of jail only because Dad pardoned him after he

480
00:31:36,279 --> 00:31:40,200
carried out a twenty million dollar shakedown of shady foreign

481
00:31:40,200 --> 00:31:44,359
interest with the consent and participation of Joe Biden, and

482
00:31:44,440 --> 00:31:48,000
he paid no taxes on it. This was followed by

483
00:31:48,039 --> 00:31:52,920
fake painting sales. His laptop was one hundred percent reel,

484
00:31:53,000 --> 00:31:56,079
and what it revealed was horrific on all counts, from

485
00:31:56,079 --> 00:32:00,000
living with his dead brother's wife to fueling endless cocaine

486
00:32:00,240 --> 00:32:04,240
binges to abusing the trust of his dad's office. No

487
00:32:04,240 --> 00:32:09,240
one should pay him an iota of attention. That's Mark Penn,

488
00:32:11,359 --> 00:32:16,880
by the way. A reaction to his ex posting today,

489
00:32:18,119 --> 00:32:21,480
Jackie staffs it, I don't think preemptive pardons are constitutional.

490
00:32:22,079 --> 00:32:24,240
You have to say what you were issuing the pardon for.

491
00:32:24,359 --> 00:32:26,599
I wish someone would set up a test for this

492
00:32:26,640 --> 00:32:30,039
in the Supreme Court. I don't know. That's another whole battle.

493
00:32:35,000 --> 00:32:36,680
I don't even know if you were able to decipher

494
00:32:36,680 --> 00:32:40,359
between all the beeps that we had to put in

495
00:32:40,440 --> 00:32:43,240
to cover this wear words what he was even talking about.

496
00:32:43,279 --> 00:32:47,359
He's griping about everybody and about the Democrat Party basically

497
00:32:47,400 --> 00:32:53,319
turned their back on dad. Even Katie Pavlich, the Lady

498
00:32:53,359 --> 00:32:55,680
on Fox, agreed with Hunter.

499
00:32:55,559 --> 00:32:58,559
Speaker 9: Well, it is true that the Biden family was betrayed

500
00:32:58,599 --> 00:33:02,079
by the party. Every one was in on Joe Biden's reelection.

501
00:33:02,359 --> 00:33:04,759
Let's not forget that they tried not to have a primary.

502
00:33:04,839 --> 00:33:07,440
They were suing to keep people like RFK Junior off

503
00:33:07,480 --> 00:33:10,480
the ballot. They didn't want to have any competition leading

504
00:33:10,519 --> 00:33:15,119
into the summer of twenty twenty. Then the debate happens

505
00:33:15,119 --> 00:33:18,759
and everyone is exposed. A month before that debate, George

506
00:33:18,759 --> 00:33:22,039
Cooney was walking Joe Biden off stage and holding a

507
00:33:22,039 --> 00:33:25,359
big fundraiser for him, asking people to donate big bucks

508
00:33:25,640 --> 00:33:28,000
to get him to the White House in November. So

509
00:33:28,119 --> 00:33:30,519
it is true that they were betrayed by the party,

510
00:33:30,559 --> 00:33:33,559
but this delusion that they could have won what Joe

511
00:33:33,599 --> 00:33:37,160
Biden is ridiculous. And it is true that Hunter Biden

512
00:33:37,599 --> 00:33:40,559
would be in federal prison. That his entire career has

513
00:33:40,599 --> 00:33:43,359
been based off of being connected politically. Now his father

514
00:33:43,480 --> 00:33:45,519
is no longer in office for a second term, he

515
00:33:45,559 --> 00:33:48,279
can't grift off of that, and so he doesn't really

516
00:33:48,319 --> 00:33:50,559
have anywhere to go. So he's not only defensive because

517
00:33:50,640 --> 00:33:54,440
a it's Dad, but b because its entire living has

518
00:33:54,480 --> 00:33:57,160
been based on the ability to be connected politically, and

519
00:33:57,200 --> 00:33:59,839
now the Democratic Party has left the Bidens for dead.

520
00:34:00,039 --> 00:34:01,160
Speaker 1: There's going to be more of this.

521
00:34:01,319 --> 00:34:04,319
Speaker 9: Joe Biden is writing a book, I believe, and unless

522
00:34:04,319 --> 00:34:06,920
the Democratic Party deals with this issue, and they're not

523
00:34:06,960 --> 00:34:08,840
talking about it in the recent autops they don't even

524
00:34:08,920 --> 00:34:11,360
name Joe Biden or Kamala Harris. They're not going to

525
00:34:11,400 --> 00:34:13,599
be able to move forward with voters because so much

526
00:34:13,639 --> 00:34:16,199
distrust has been lost. I mean, the Quinnipiac poll shows

527
00:34:16,199 --> 00:34:18,960
that only twelve percent or nineteen percent of voters approve

528
00:34:19,000 --> 00:34:20,079
of the Democratic Party.

529
00:34:20,480 --> 00:34:23,960
Speaker 1: Good luck with that. Yeah, So Katie thinks that Hunter

530
00:34:24,119 --> 00:34:28,039
was onto something. But Hunter is just the definition when

531
00:34:28,079 --> 00:34:31,119
you look up in the dictionary loser. There's his photo.

532
00:34:31,599 --> 00:34:35,159
The guy has had a mess of a life and

533
00:34:35,440 --> 00:34:38,920
you kind of see why he's and he was advising

534
00:34:39,840 --> 00:34:47,199
Joe Biden on campaign ideas. In any case, fetter Reserve,

535
00:34:48,119 --> 00:34:50,480
Jay Powell seems kind of tame compared to all these

536
00:34:50,519 --> 00:34:57,239
other characters that are out there. Powell is well. The

537
00:34:57,400 --> 00:35:00,800
couple people are reacting, Scott Bell, Starvis, Scott Besn't the

538
00:35:00,840 --> 00:35:05,719
Treasury Secretary, kind of the adult in the room, and

539
00:35:05,760 --> 00:35:08,599
he brings up something that I have brought up in

540
00:35:08,679 --> 00:35:12,519
the past about the Federal Reserve. Let's listen to Scott

541
00:35:12,559 --> 00:35:14,039
Besn't the Treasury Secretary.

542
00:35:14,159 --> 00:35:18,400
Speaker 10: I think that what we need to do is examine

543
00:35:18,800 --> 00:35:23,679
the entire Federal Reserve institution and whether they have been successful.

544
00:35:24,000 --> 00:35:28,400
We should think has the organization succeeded in its mission.

545
00:35:28,960 --> 00:35:32,280
You know, if this were the FAA and we were

546
00:35:32,360 --> 00:35:36,360
having this many mistakes, we would go back and look

547
00:35:36,480 --> 00:35:39,000
at why has this happened.

548
00:35:39,599 --> 00:35:42,000
Speaker 1: That's an excellent point, and I'm right there with with

549
00:35:42,039 --> 00:35:46,559
Scott Besant. I've often thought the Federal Reserve they are

550
00:35:46,679 --> 00:35:50,320
the bank that all the banks in the country have

551
00:35:50,440 --> 00:35:55,039
to belong to, the Federal Reserve Bank. It's the central bank,

552
00:35:55,559 --> 00:35:57,840
so all the banks have to do business with that

553
00:35:58,039 --> 00:36:03,400
central bank. But do they determine what interest rates are? No,

554
00:36:03,920 --> 00:36:07,039
they I mean, they proclaim what they want the rates

555
00:36:07,079 --> 00:36:10,920
to be, but it's the bond market that truly determines

556
00:36:11,000 --> 00:36:15,440
whether interest rates go up or go down. And I understand,

557
00:36:15,559 --> 00:36:18,559
especially when you had the meltdown of the financial system

558
00:36:18,559 --> 00:36:21,840
of two thousand and eight, they came in Bernanky called

559
00:36:21,880 --> 00:36:24,280
a bunch of people together. The banks got together. He

560
00:36:24,360 --> 00:36:27,440
called in the big big banks and said, we need

561
00:36:27,440 --> 00:36:31,320
to make sure and cover the losses that are coming

562
00:36:31,320 --> 00:36:33,519
from all of this. So they do some things to

563
00:36:33,599 --> 00:36:38,440
keep the banking system fluid and healthy, and they do

564
00:36:38,559 --> 00:36:42,000
examinations to make banks to make sure the banks generally

565
00:36:42,679 --> 00:36:50,760
are healthy. But Larry lindsay, well, I've always had great

566
00:36:50,800 --> 00:36:53,440
respect for he used to be on the Federal Reserve Board.

567
00:36:53,480 --> 00:36:57,760
He is an economist and one of my favorites that

568
00:36:57,840 --> 00:37:01,000
I follow. But the question really is about if the

569
00:37:01,039 --> 00:37:05,000
Federal Reserve let the bond market control interest rates and

570
00:37:05,079 --> 00:37:08,719
leave the Federal Reserve to running the safety of the banks.

571
00:37:09,119 --> 00:37:11,480
Here's Larry lindsay, Well.

572
00:37:11,800 --> 00:37:13,880
Speaker 3: What I think it means is they want to check

573
00:37:13,880 --> 00:37:16,840
on whether they're doing their job. And I don't think

574
00:37:16,840 --> 00:37:20,119
they had to scratch the surface very far to find

575
00:37:20,159 --> 00:37:23,960
out that they really aren't haven't done a very good job,

576
00:37:24,639 --> 00:37:27,119
you know. If he's here was the test that I

577
00:37:27,480 --> 00:37:34,159
actually just conducted. Suppose it took the December FOMC statement

578
00:37:34,519 --> 00:37:40,519
excuse me, a summary of economic projections, and you compare

579
00:37:40,559 --> 00:37:44,079
that to what actually happened. So remember this is December.

580
00:37:44,239 --> 00:37:49,079
Just looking forward one year, the average error since they

581
00:37:49,119 --> 00:37:54,480
started collecting these was one point one percent. The target

582
00:37:54,519 --> 00:37:59,320
they're shooting for is two percent. That means their average

583
00:37:59,480 --> 00:38:02,599
error was fifty five percent of the number that they

584
00:38:02,639 --> 00:38:06,599
were shooting for. That's a huge error. And even worse

585
00:38:07,360 --> 00:38:10,320
if back in two thousand and seven you had just

586
00:38:10,360 --> 00:38:14,119
simply written down the number two for all of the

587
00:38:14,159 --> 00:38:17,400
following years coming up to the present, you would have

588
00:38:17,480 --> 00:38:21,119
had a much lower error than what the FED actually did.

589
00:38:22,119 --> 00:38:26,239
In the words, the value added or the productivity of

590
00:38:26,280 --> 00:38:30,079
all the Fed's efforts was negative. Well, I think it's broader.

591
00:38:30,159 --> 00:38:32,159
I mean, are they doing well? If you look back

592
00:38:32,199 --> 00:38:37,440
at the Silicon Valley Bank failure, you had the head

593
00:38:37,519 --> 00:38:41,000
of the bank sitting on the San Francisco FED board

594
00:38:41,119 --> 00:38:45,320
until the day before the bank was closed. They had

595
00:38:45,400 --> 00:38:51,480
twenty three different memos from the supervisory staff going up

596
00:38:51,920 --> 00:38:54,960
that were ignored. I mean, this is just not the

597
00:38:55,000 --> 00:38:58,679
way to run a railroad, and I think it's important

598
00:38:58,719 --> 00:39:02,119
that we get the facts out and that we make

599
00:39:02,199 --> 00:39:05,320
a decision whether things are going the way we want

600
00:39:05,719 --> 00:39:09,320
and what we can do to change. Well, again, they're

601
00:39:09,360 --> 00:39:13,320
doing worse than what they would do if they had

602
00:39:13,360 --> 00:39:16,840
simply picked a two percent number. As far as projections go.

603
00:39:17,639 --> 00:39:23,000
They completely missed the uptick inflation in twenty twenty one,

604
00:39:23,239 --> 00:39:28,760
which was a big mistake. Their September move got a

605
00:39:28,880 --> 00:39:32,039
loud Bronx cheer from the bottom market.

606
00:39:32,119 --> 00:39:32,320
Speaker 4: Right.

607
00:39:32,360 --> 00:39:35,880
Speaker 3: They cut fifty BIPs in September, and within a month

608
00:39:36,000 --> 00:39:39,039
or so the ten year bond was up sixty BIPs.

609
00:39:39,760 --> 00:39:42,679
That's certainly a signal that they weren't doing the right thing.

610
00:39:43,559 --> 00:39:48,679
So I dis agree with those who say that, you

611
00:39:48,679 --> 00:39:52,519
know they're doing fine. You know, it's a tough job,

612
00:39:52,559 --> 00:39:56,000
there's no question about it. No one expects perfection. But

613
00:39:56,079 --> 00:40:01,199
this is again the productivity of all their contributions has

614
00:40:01,360 --> 00:40:05,920
been negative since twenty two thousand and seven when they

615
00:40:05,960 --> 00:40:10,440
first began. Well, I think their biggest lack is for

616
00:40:10,519 --> 00:40:16,960
intellectual diversity. Back in the day, years and years and

617
00:40:17,039 --> 00:40:20,360
years ago, when I was on the board, didn't we

618
00:40:20,360 --> 00:40:24,880
weren't all economists, shocking idea, right, And I think that

619
00:40:25,079 --> 00:40:32,000
broadened the perspective. In addition, both for staff hiring and

620
00:40:32,119 --> 00:40:35,239
also for the analysis of who would be a FED governor,

621
00:40:36,159 --> 00:40:40,039
they narrowed the scope of the number of universities that

622
00:40:40,079 --> 00:40:44,960
they considered acceptable to miny PhDs. Well, when you do that,

623
00:40:45,360 --> 00:40:47,719
you get more and more of the same type of people.

624
00:40:48,360 --> 00:40:52,960
So there really isn't any intellectual diversity any basis for

625
00:40:53,039 --> 00:40:58,800
debate at the FED, and so they're consistently wrong. Well,

626
00:40:59,239 --> 00:41:01,559
I think it's an important to have a banker on

627
00:41:01,599 --> 00:41:04,239
the board. I think it's important to have at least

628
00:41:04,320 --> 00:41:09,639
one businessman on the board. For example, and I would

629
00:41:09,679 --> 00:41:13,639
say the word at least in both cases, So that

630
00:41:13,679 --> 00:41:16,599
would be one kind of diversity. And in regard to

631
00:41:16,639 --> 00:41:20,760
the staff, they have got to go out and you know,

632
00:41:20,960 --> 00:41:25,119
you can't just have gone to Harvard, Yale, Princeton or

633
00:41:25,159 --> 00:41:28,719
Stanford because you're being taught the same thing at each place.

634
00:41:29,480 --> 00:41:33,320
There is some diversity in the economics profession, let's see

635
00:41:33,360 --> 00:41:35,960
it be brought into the staff so at least they

636
00:41:35,960 --> 00:41:38,079
can have a debate and don't have everyone thinking the

637
00:41:38,119 --> 00:41:38,599
same way.

638
00:41:40,360 --> 00:41:42,400
Speaker 1: So that's why I like Larry Lynsey. He said that

639
00:41:42,559 --> 00:41:46,159
when he was on the Reserve board, it wasn't just

640
00:41:46,320 --> 00:41:51,760
a bunch of economists from Harvard, Yale, Stanford. I mean

641
00:41:52,079 --> 00:41:56,440
they had all PhD economists, a bunch of economists sitting

642
00:41:56,480 --> 00:41:59,800
around the table with no diversity of opinion. And then

643
00:42:00,039 --> 00:42:05,880
economics economists are, I've often said, are more diversified as

644
00:42:05,880 --> 00:42:10,199
far as left versus right versus middle than politicians are.

645
00:42:10,920 --> 00:42:14,480
So why don't they have people that do have a

646
00:42:14,599 --> 00:42:18,119
view different views of the economic world and put them

647
00:42:18,159 --> 00:42:22,480
on the board and not all economists. Sony Wett's Larry

648
00:42:22,519 --> 00:42:26,960
Lyndsay's view of it. Phone calls today, I got a

649
00:42:27,000 --> 00:42:29,320
phone call. I've got to play for you, Laurie the

650
00:42:29,360 --> 00:42:35,280
comment line, lady, she checked in with us, and it

651
00:42:35,360 --> 00:42:38,119
ties in with the Hunter Biden interview.

652
00:42:38,920 --> 00:42:42,360
Speaker 4: You know, if they had edited out all of the efforts,

653
00:42:43,199 --> 00:42:46,679
Hunter Biden's interview would have gone from three hours to

654
00:42:47,639 --> 00:42:49,360
probably seven and a half minutes.

655
00:42:51,920 --> 00:42:53,719
Speaker 1: And I'm not even serve you seven and a half.

656
00:42:53,719 --> 00:42:57,639
But I love her point. Man, he swares a lot,

657
00:42:58,440 --> 00:43:02,079
So that's oh. Let me get some emails in as well.

658
00:43:02,440 --> 00:43:04,920
Email address. You can go to my website, Tom Sullivan

659
00:43:04,960 --> 00:43:08,360
dot com and there's the phone number for the show

660
00:43:08,360 --> 00:43:11,480
to call and leave your comments, and there's also my

661
00:43:11,639 --> 00:43:15,239
email where you can send me an email about whatever

662
00:43:15,280 --> 00:43:24,079
your thoughts are regarding anything. Charles Daily, Charles, You're too kind,

663
00:43:24,639 --> 00:43:27,519
says With the coming demise of Stephen Colbert and the

664
00:43:27,599 --> 00:43:30,000
Late Show, would be nice if you would contact one

665
00:43:30,039 --> 00:43:33,239
of the many networks and discuss an independent personality on

666
00:43:33,280 --> 00:43:36,440
the air with more than just a podcast. You are

667
00:43:36,559 --> 00:43:39,400
like a pivot point of a teeter toatter that needs balancing.

668
00:43:40,119 --> 00:43:42,960
You would do much better job of offering commentary and

669
00:43:43,079 --> 00:43:46,039
venue for various points of view that exist at this

670
00:43:46,159 --> 00:43:48,920
point in time. There are lots of us out here

671
00:43:49,000 --> 00:43:52,480
that would support you and whatever network you choose to

672
00:43:52,559 --> 00:43:57,079
give you a podium larger than just your podcast. Charles,

673
00:43:57,119 --> 00:44:00,800
thank you, longtime listener, one time communicator. And then he

674
00:44:00,840 --> 00:44:04,360
puts a note on his email Catholic nuns have less

675
00:44:04,360 --> 00:44:09,719
cervical cancer than any other group. I don't know. I

676
00:44:09,960 --> 00:44:13,760
have no idea what he's talking about. Noel sends me,

677
00:44:16,960 --> 00:44:22,239
sends me a copy of a Daily Mail website and

678
00:44:22,280 --> 00:44:25,480
it says Bill Clinton sent warm and gushing letter for

679
00:44:25,559 --> 00:44:29,719
Jeffrey Epstein's fiftieth birthday. As Trump sues over the claim

680
00:44:30,119 --> 00:44:33,519
that he also wrote a body note for the Pedophiles

681
00:44:33,519 --> 00:44:37,639
half century, a story basically says Bill Clinton wrote a

682
00:44:37,679 --> 00:44:41,440
warm and gushing letter which was included in Jeffrey Epstein's

683
00:44:41,440 --> 00:44:46,199
infamous fiftieth birthday book. According to The Daily Mail, the

684
00:44:46,239 --> 00:44:49,000
former US president was one of hundreds who contributed to

685
00:44:49,079 --> 00:44:52,400
a heavy leather bound, golden bossed album of letters the

686
00:44:52,400 --> 00:44:56,599
Epstein's ex lover, Julane Maxwell, took more than a year

687
00:44:57,000 --> 00:45:00,880
to compile leading up to the landmark date. Mister Clinton's

688
00:45:00,920 --> 00:45:04,000
letter is one page and embossed with from the desk

689
00:45:04,440 --> 00:45:10,599
of William Jefferson Clinton at the top yeah, I mean

690
00:45:10,639 --> 00:45:12,840
that was that was two thousand and three. I don't

691
00:45:12,880 --> 00:45:15,159
know why Trump is so upset about it. It just

692
00:45:15,320 --> 00:45:20,559
doesn't seem like it in any way harms Donald Trump.

693
00:45:26,280 --> 00:45:28,800
And a fan says, you know, Tom, this thing about

694
00:45:28,880 --> 00:45:33,719
Obama and the Trump Russian collusion thing, it is one

695
00:45:33,079 --> 00:45:36,559
hundred true in my mind, though it is kind of

696
00:45:36,639 --> 00:45:40,559
circumstantial evidence, I suppose. But you know something that I

697
00:45:40,599 --> 00:45:42,880
will always remember. It was a couple of months before

698
00:45:42,920 --> 00:45:46,280
the twenty sixteen election, there was an interview with Obama.

699
00:45:46,800 --> 00:45:49,400
I will never forget what he said, so matter of factly,

700
00:45:49,519 --> 00:45:52,519
so sternly, he said something to the effect that, and

701
00:45:52,599 --> 00:45:55,360
I'm paraphrasing, but he said something to the effect that

702
00:45:55,400 --> 00:45:57,039
Donald Trump is not fit to be president of the

703
00:45:57,119 --> 00:46:00,239
United States. And I just remember thinking that I'd never

704
00:46:00,280 --> 00:46:04,239
heard another president speak about another presidential candidate like that.

705
00:46:04,440 --> 00:46:06,880
And if he said that and thought that, then I

706
00:46:06,920 --> 00:46:08,960
know darn well that he was involved in this. And

707
00:46:09,000 --> 00:46:13,440
you know, you know, I know he hates Trump because

708
00:46:13,440 --> 00:46:17,639
of the birth certificate thing. Yeah, this, I am still

709
00:46:18,079 --> 00:46:24,159
going back to Matt Walsh's posting on X yesterday. Obama's

710
00:46:24,159 --> 00:46:28,440
looking like he is the guy who organized the whole coup,

711
00:46:28,559 --> 00:46:34,039
trying to put a coup to overthrow the elected president elect.

712
00:46:34,320 --> 00:46:37,880
The people voted for Donald Trump twenty sixteen, and Obama

713
00:46:38,000 --> 00:46:43,360
wasn't having it. So that's what the documents apparently show,

714
00:46:43,800 --> 00:46:48,440
and they that's why the criminal referral by Toolsey Gabbert

715
00:46:48,440 --> 00:46:51,760
to the Department of Justice was made. And Matt Walsh's

716
00:46:51,840 --> 00:46:55,599
ex post yesterday said, I'll believe I'll care about this

717
00:46:56,119 --> 00:47:00,960
when there's actually charges being brought. I agree if they

718
00:47:01,719 --> 00:47:06,000
have a charge that is filed with the court regarding

719
00:47:06,000 --> 00:47:09,800
Barack Obama trying to run a coup against President elect

720
00:47:09,800 --> 00:47:13,400
Crump back in twenty sixteen, I will believe it when

721
00:47:13,400 --> 00:47:16,280
those charges are actually on the docket of a federal court.

722
00:47:17,159 --> 00:47:21,199
And then another email from Noel he says, I do

723
00:47:21,320 --> 00:47:23,360
not go to fast food places a lot, maybe at

724
00:47:23,360 --> 00:47:25,280
the most once a month or even a couple months.

725
00:47:25,800 --> 00:47:29,599
In and out. Was an exception, the most perfect experience

726
00:47:29,719 --> 00:47:33,199
of the wonder of America. A mixture of all classes,

727
00:47:33,239 --> 00:47:36,599
from young people going to the mountains, to construction workers

728
00:47:37,039 --> 00:47:40,679
to retiring old people like myself, to teams of youngsters

729
00:47:40,719 --> 00:47:45,400
to a game, the most friendly staff anywhere, a small

730
00:47:45,679 --> 00:47:52,360
totally satisfying meal and atmosphere leaving California. The owner, now

731
00:47:52,480 --> 00:47:58,119
labeled a billionaire, sounds so much despicable. Is telling us why?

732
00:47:58,199 --> 00:48:00,880
Yet the ding bells in the media are trying to

733
00:48:00,960 --> 00:48:06,920
twist the words sad noel. So the story. The story

734
00:48:07,039 --> 00:48:10,599
is about the lady that owns In and Out Burgers.

735
00:48:12,320 --> 00:48:16,280
Her name is Lindsay Snyder. I think she inherited that,

736
00:48:16,360 --> 00:48:20,800
but she has stirred up a controversy because she revealed

737
00:48:20,800 --> 00:48:24,039
that she plans to move her family out of California

738
00:48:24,119 --> 00:48:27,559
to Tennessee. And the news comes as In and Out

739
00:48:27,599 --> 00:48:31,400
begins to expand heavily into the South, launching a new

740
00:48:31,599 --> 00:48:36,679
joint headquarters in Franklin, Tennessee, near Nashville. That's where she

741
00:48:37,000 --> 00:48:39,840
will be moving too, and In and Out will now

742
00:48:39,880 --> 00:48:44,000
be based in Tennessee. And she revealed the coming move

743
00:48:44,079 --> 00:48:47,360
on a podcast, saying that there's a great there are

744
00:48:47,360 --> 00:48:50,000
a lot of great things about California, but raising a

745
00:48:50,079 --> 00:48:54,320
family is not easy there. Doing business is not easy there,

746
00:48:55,199 --> 00:48:59,400
And so that made the rounds and many Californians are

747
00:48:59,440 --> 00:49:04,920
not according to the SF Gate, the San Francisco newspaper,

748
00:49:05,280 --> 00:49:07,559
saying many Californias are not happy about the way she

749
00:49:07,639 --> 00:49:10,960
presented the decision, with some even calling for a boycott

750
00:49:11,599 --> 00:49:14,559
of the California born burger chain. I got to tell

751
00:49:14,599 --> 00:49:19,079
you something. You can get a boycott about Tesla's, you

752
00:49:19,119 --> 00:49:24,079
can get a boycott about Hamas or Palastny, whatever you want,

753
00:49:24,719 --> 00:49:28,480
but you're not going to get a boycott on a

754
00:49:28,599 --> 00:49:31,840
burger that people love. They tried that with Chick fil

755
00:49:31,880 --> 00:49:35,960
A because somebody said something that was perceived to be

756
00:49:37,239 --> 00:49:41,639
offensive that people never stopped buying the chicken from Chick

757
00:49:41,639 --> 00:49:45,599
fil A, and I don't think people will either. So

758
00:49:45,840 --> 00:49:48,719
In and Out they're not going to close their operations

759
00:49:49,440 --> 00:49:54,679
in California. She's just moving to Tennessee, and from there

760
00:49:54,920 --> 00:49:59,000
will be the expansion of In and Out in primarily

761
00:49:59,039 --> 00:50:02,719
Tennessee and then going south from there. They're expected to

762
00:50:02,800 --> 00:50:06,920
open the CO headquarters in Tennessee in two thousand and

763
00:50:07,320 --> 00:50:11,800
twenty six. All right, let's see what happened. Speaking of business,

764
00:50:12,599 --> 00:50:17,920
Wall Street today SMP new record high. Not big but

765
00:50:18,000 --> 00:50:20,320
a little tech fell a little bit as we're getting

766
00:50:20,320 --> 00:50:23,320
close to a bunch of big tech stock Ernie's reports

767
00:50:23,360 --> 00:50:25,920
coming out. But the Dow did find today the Dow

768
00:50:26,039 --> 00:50:28,480
was up one hundred and seventy nine to close it.

769
00:50:28,599 --> 00:50:32,199
Forty four thousand and five h two SMP up four

770
00:50:33,159 --> 00:50:37,199
Nazdak down eighty one, Gold was up. Ben Gold's been

771
00:50:37,280 --> 00:50:40,880
on a tear, up thirty seven dollars today to thirty

772
00:50:40,920 --> 00:50:45,079
four forty four and oil down almost a dollar to

773
00:50:45,280 --> 00:50:49,480
sixty six dollars for one barrel of oil. So that's

774
00:50:49,519 --> 00:50:52,760
it for today. Thank you for coming by. We're going

775
00:50:52,840 --> 00:50:55,320
to try this seatin tomorrow. Hope to see you then

776
00:51:03,320 --> 00:51:04,079
Speaker 4: Stay