Speaker 1: And welcome to the Big Podcast. Happy Wednesday to you,
the sixteenth day of July, Year of Our Lord, twenty
twenty five. My name is Tom Sullivan. So we've got man.
There's a lot going on today. I want to start.
Got the Epstein story. No, it won't go away. The
President is frustrated. He wants it to go away. And
the more he talks about it going away, the more
people are wanting to talk about it. We've got that,
We've got, Well, let me go through. Let me start
with the Fed chief Jay Powell, Jerome Powell. The President
met with a group of Republicans last night obstensively about
the about the crypto bill. And while he was meeting
with the Republicans, he brought up his grievances about the
Fed and he wants them to cut interest rates. And
a lot of presidents have grigged about the Fed and
they always want interest rates to go lower. But in
doing so, he apparently did a poll of I don't
know how many Republicans were there, but he asked them,
how many of you think I should fire Jay Powell?
And apparently all of them said, oh, yes, sir, yes sir.
They all raised their hand and he had a piece
of paper he held up and said, this is the
draft of the letter that I'm firing Powell. And so
the news this morning leaked out from that meeting early
this morning that the President was ready to fire Jay Powell.
We know he wants to, but apparently it was being
reported as the fact that he would fire Jay Powell soon.
So the White House didn't knock that story down, not
at all. And then the President had a meeting with
the grownd Prince of Bahrain who's in town. So around
lunchtime he sat down in the Oval Office and there
was the Prince of Bahrain, as usual, the dignitary visiting,
just sat there like a lump of cole and the
President took all the questions from the media. And I
want to play that for you, but I want to
step back to this morning before the President sat down
in the Oval Office, because the markets, once they found
out that he was willing to cut to get rid
of Jay Powell, the markets felt four five hundred points
and the interest rates on bonds spiked up. Didn't go down, no,
they went higher. That all changed later at that meeting
in the Oval Office. But let me start with a
couple of the anchors on CNBC when the word came
out that Trump wanted to fire Powell, and soon.
Speaker 2: We've seen a global rise in bond yields on the
long end of the curve. But again, the weakness of
the dollar is where I would look if this president
wants lower interest rates, I mean, deal with the debt issues.
I mean, you could job on the FED a little bit,
but threatening to fire out what I think raised questions
about first of all as the legality the constitution, that
sort of thing, but also about putting in place someone
where he's just going to tell what to do right
and legitimacy that incoming FED chair will have with the markets, right,
That's been a question. We just heard Goldman Sachs CEO
David Solomon express the importance of having an independent FED
share throughout history, not just FED. Global Central Bank chair
Jamie Diamond of JP Morgan also expressed that I think
if you talk to most folks in the investor community,
that is what you'll hear because that is what we
have seen throughout history. So let's see what President Trump
actually does here. But again, this report, this New York
Times report that President Trump has been circling this draft document.
I mean the renovation story. The claim is, and we
heard this from the own b director. We've heard this
from Bill Poulti, the Housing Administrator, and the Trump administration
that they spent two and a half billion dollars renovating
the FED building, which is outrageous. First of all, you know,
this is a building that hadn't been renovated since the
nineteen thirties. We can argue about it.
Speaker 3: I don't know how much marble is in there.
Speaker 1: Put it out.
Speaker 2: It's not tax payer dollars. No, I mean, the FED
has its own right incomment. It makes from fees and banks.
But look, and they have an Inspector general who is
apparently a very good guy and has a really good,
strong reputation, this guy Horowitz, and so Fedcherpalas already asked
him to do a formal review.
Speaker 3: Of some of the costs associated with it.
Speaker 2: It's unclear whether that would classify as cause for firing
the FED.
Speaker 3: Shair right, We'll keep the wind on the market reaction.
For the time being, Dow was only down one hundred points.
We'll keep an eye on it.
Speaker 1: Yes, at that point, the market was settling down and
it had dropped, like I said, four to five hundred points,
and then it was down one hundred points when CNBC
was talking about the potential of the FED chair being fired.
As I'm recording this, the market is actually turned around
in its flat. So it was very The interest rate
spiked up on the treasuries and the stock market went down,
and so well, this gets back to the whole thing
about the FED. The FED was created by Congress, and
it was created to be an independent organization within the
banking system. It is not a government agency. It is
owned by the banks in this country. So whether or
not this renovation of the Federal Reserve Building Bank it
was right or wrong. It did not involve any taxpayer money.
That is money the FED gets fees from banks. That's
how they survive. And that's why the system is set
up to be independent of Congress and the president, because
nobody wants politicians to be the ones to determine what
interest rates are. Could you imagine, for example, if Joe
Biden had the authority to lower interest rates in the
midst of the high inflation, he already caused a high
inflationary problem, huge problem. What would he have done? So
you don't want presidents. I don't want presidents. I don't
know of anybody in the financial markets who want presidents
or congress people to be messing around with the Fed.
That's why they have their own separate rules. Now, the
Fed doesn't control interest rates. That's the other dirty little secret.
The FED controls short term rates, namely three months, six month,
one year, two year treasuries, but there's also five year
and ten year and thirty year treasuries, and that's controlled
by the bond market. The marketplace takes care of interest rates.
So and remember Jay Powell doesn't make decisions by himself.
He's got a call the Federal Open Market Committee, and
they have meetings in the group of them to decide
what to do, and then later the minutes come out
about how they voted. Right now, the Fed is pretty
clear about the fact that interest rates. We got our
CPI numbers out yesterday they went up a little bit,
Inflation up slightly, and we got the producer price index
the wholesale inflation rate up this morning, and that came
out at two point nine percent for the core rate.
Both of those are going higher. The FED doesn't want
to lower interest rates to stimulate the economy when the
inflation is starting to pick up, and the question about
inflation is how much will tariff's drive prices higher? And
that's the debate, And they don't want to lower interest
rates if tariffs are going to hit and cause inflation.
So it's all the politics of being mixed into this
and it should not be. That's the way the FED
was designed. So with all of this, the President comes
to the Oval Office to have the meeting with the
Crown Prince of bah Rain, and the reporters are there
and they start shouting questions to the President right off
the bat about what is he going to do regarding
Jay Powell. Here's the reporters and the President's response.
Speaker 4: As President Jerown Powell, do you have plans or if
you're back considering firing Jerome Powell? And what's your justification
if you're thinking about this.
Speaker 5: To do this.
Speaker 3: He's always been too late, hence his nickname too late.
He should have cut interest Race a long time ago.
Europe has cut him ten times in a short period
of time, and we cut him none. The only time
he cut him was just before the election to try
and help Kamala or Biden, whoever the hell it was
because nobody really knew. Obviously, that didn't work. But he
tried to cut him for the Democrats Kamala, and how
did that work out? You'll tell me it didn't work
out too well to it. But he's I think he
does a terrible job. He's costing us a lot of money,
and we fight through it. It's almost the country has
become so successful that it doesn't have a big impact,
but it does hurt people wanting to get a mortgage,
people want to buy a house. He's a terrible He's
a terrible fetch here. I was surprised he was appointed.
You surprised, frankly that Biden put him in and extended him,
But they did so. No, we're not planning on doing anything.
We're very concerned. He's doing a little renovation for two
point five villion of the Fed building a renovation and
they have a close to nine hundred million dollar cost
over run and it's a shame. But the biggest cost
over run is the cost over run for interest rates,
because we should be paying three points lower and we
would save a trillion dollars a year and interest of
that were the case, And all it is is the
stroke of a pen. And that goes for his board too,
because his board is not doing the job, because they
should try and rain this guy in. So he's doing
a lowsy job. But no, I'm not talking about that.
We get, fortunately, we get to make a change in
the next what eight months or so, and we'll pick
somebody that's good, and we'll pick somebody. I just want
a fair job. We want to see lower adress rates,
so our country deserves it. We're making a lot of money.
We're doing great as a country where new inflation record,
stock market record, business record, everything's a record. Now. We
had the worst inflation in history under Biden and now
we have almost no inflation. We've done a great job,
and we should have the interest rates cut.
Speaker 5: So you're saying it today that Scott Bessend's so happy
with him a treasury that you know he's not your
top option to replace Drum, how whenever that may be,
whenever you decide what you want to do with him.
Speaker 3: Especially a very good job. I'm very happy with rather
a copy of us Kevin. Somebody would considers you Kevin
is fantastic too. We have a lot of good people
for that job. It's not a tough job, to be honest,
assuming you're smart, it's not a tough job. If you're dumby,
then I guess it's a tough job. But it might
be one of the easiest jobs I've ever seen. And
now on top of it, he's building a close to
three billion dollar little nest tag for himself. He's he's
not doing the right job. We should be saving a
trillion dollars a year an interest, you know, when he
talks about costs, we should be saving think of it
at trillion dollars a year. Add that with the tariffs
and everything else. But he just doesn't want he's a knucklehead.
But well we'll see how that. We'll see how he's
listening to this. That's the strange conversation. But you know,
we like to say it like it is, but we
have a lot of people that want that job very badly.
And I'm only interested in low interest people, dirankly, because
you don't need I know. So they had a you know,
the seventy one different economists and people that the experts
said they picked about a month ago. I was the
only one, along with one person from maybe the Wharton
School of Finance. The two of us got it right.
Sixty nine people, including Powell got it row and he
wants to hire thousands of new people to help him
decide where we're going in It only takes one good mind.
That doesn't take five thousand good minds. So they're expanding
the FED. It's the dumbest thing I've heard of, but
you know it's very autonomous.
Speaker 4: Are you completely ruling out the idea of firing Jerome Powell?
Speaker 3: I don't rule on anything, but I think it's highly
unlikely unless he has to leave for fraud. I mean
it's possible it's fraud involved with the two point five
two point seven billion dollar renovation. This is a renovation.
How do you spend two point seven billion dollars? And
he didn't have proper clearance, et cetera, et cetera, So
you know that's going on. So you know there could
be something to that. But I think he's not doing
a good job. He's got a very easy job to do.
You know what he has to do lower interest rates?
Speaker 2: Your howl all this side that you are going to
fire him, How do you draft a letter so you
didn't show a load of Republican lawmakers last night.
Speaker 3: No, I talked about the concept of fire, and I said,
what do you think Almost every one of them said
I should, but I'm more conservative than they are, and
we talked about it. In fact, we had eleven of
the twelve people here yesterday for a very big bill
having to do with crypto etc. And and other things,
and we all of the votes are going with us,
every single one. But during the conversation when we were
talking about it, he yes, what would you do about that?
They all said would fire him?
Speaker 1: So a whole different tone. By the time the President
with the media in the Oval Office around lunchtime this morning,
again the White House did knock down, did not knock
down the story about Trump wanted to fire Powell and soon.
But the markets reacted, and the President is very attuned
to the markets, and I think he saw what happened.
Trait spiked up, stocks went down. He came into the
meeting in the Oval Office and said, no, I'm not
gonna fire him. I want him to, I don't. I
don't like him. I mean, he's made it clear he
would like to fire him. But he clearly said he
was not about to fire j Pell And so the
pressure is still on and one of the things about
the FED. The President can nominate and the Senate confirm
FED chiefs, FED FED for Reserve Board chairman. But the
FED is the FED chairman is not fire fireable by
the President or by Congress except for for cause. And
that is why the President keeps bringing up the renovation
that he spent all his money and there may be fraud.
And so that's where that's coming from. Is he's trying
to build a case case he wants to get he
wants to get rid of him. And from my viewpoint,
I don't dis agree with a lot of the concepts
that the President has. Jay Powell was late to the
table when Biden came into office and inflation took off,
and Jay Powell and the Treasury Secretary Jenny Yellen both said, no,
this inflationary is transitory, no need to do anything. And
it went up to nine and a half percent inflation.
So he was late to raising interest rates. So then
the Fed raised interest rates faster than ever in the
history of the Fed. They ramped up interest rates quickly,
and so inflation then started coming down, and that is
why the Fed started dropping interest rates. I don't think
it was political. They did drop interest rates in twenty
twenty three. In twenty twenty four, but inflation was also
coming off of its peak, so as inflation was coming down,
they were dropping the interest rates down. Inflation has stalled
out just below three percent, and that's why the Fed
is sitting there waiting, and their big concern is what
will the impact of tariffs be on inflation. And again
yesterday and today we got inflationary reports out consumer Price Index,
producer price Index, and they show prices going up, not down,
not a lot, but they're going up, especially oh, appliances,
a big increase there. But you know that prices are
not going down, and the Fed doesn't want to drop
interest rates. If prices are going up, it'll just exacerbate
that and make prices go up even faster. So the
FED chairman is technically safe. The President sounds like, after
watching the markets react, that he's going to just cool
his heels for a while. Pal's term expires in eight months.
Can the president wait that long? I know he doesn't
want to, but I do think Jay Powell has been
late to the game on not only raising interest rates
when inflation came along in twenty twenty one, but he's
also been late to dropping interest rates now that inflation
has been dropping. So I don't disagree with the president,
but I really do feel strongly that the president should
not interfere with the Federal Reserve. Anybody and everybody in
the financial markets is very clear, leave the FED alone,
make it an keep it as an independent operator of
the banks in this country. That's who owns the FED.
That is who funds the FED. You got a problem,
that's nice, mister President, but the banks are the ones
who own it. The other story that is frustrating the
president is the Epstein story, and what's happening there is
you've got Democrats and Republicans starting to in fact, some
big time mega Republicans that are very upset with the
president the fact that he is stonewalling on whatever is
in the Jeffrey Epstein files. Joe Rogan, big voice, obviously
he's upset. Mike Johnson, the Speaker of the House, wants
everything put out there. Ralph Norman, one of the members
of Congress who voted to have this released, he's upset.
You've got Charlie Kirk from turning Point. He wants all
the information. I mean, it goes on and on and on.
Let's start with how about Joe Rogan, the big podcaster,
on his comments, he's big Republican fanboy.
Speaker 6: They've got videotape and all of a sudden, they don't
you know, you're the director of the FBI on the show,
saying there's no tape. There was nothing you're looking for
is on those tapes? What Why did they say there
was thousands of hours of tapes of people doing horrible
Why did they say that? Right, Pam BONDI say that.
Speaker 1: So that was Joe Rogan. Here is Chip Roy, the
Republican from Texas, Tim Burchett, a Republican from Kentucky, and
Mike Johnson, the Speaker of the House, all Republicans.
Speaker 7: But do you think there needs to be more transparency?
I do think that all needs to move forward, and
I think then administration needs to address that.
Speaker 3: But you don't believe what the Justice Department is saying.
Speaker 1: I don't know, you know, I don't, I don't.
Speaker 3: I think I don't.
Speaker 1: I don't trust them.
Speaker 8: You should put everything out there and let the people decide.
Pam Bondy, I don't know when she originally made the statement.
I think she was talking about documents as I understood
that they were on her desk. I don't know that
she was specific about a list or whatever, but she
needs to come forward and explain that to everybody.
Speaker 2: I fully support the transparency on this issue, and it's
okay to continue to push for it.
Speaker 3: It's great that.
Speaker 1: Was Marjori Taylor Green at the end there, but this
list of Republicans is definitely so there is a crack,
if you will, on this Epstein story between It's not
a Republican versus Democrat issue. This is about trying to
figure out who were the people that were violating young
girls and bring him the justice and they can't hide.
But they're powerful, wealthy who knows. We don't know who
they are? So is there a client list? Who knows
on that too? But they have tons of files and
the one thing that you don't want them to do.
You don't want the Justice Department. First of all, they
normally don't release this kind of information, So why Pam
Bondi said that she had it on her desk and
was ready to sign it. But they don't want to
release information in their files that has the names of
the victims. You don't want to victimize them again. I
get that you also don't want to release if they
did an interview with people who knew two of the
suspects that we're violating these young girls. Those people should
not have their names dragged through the mud in the
Epstein files as well, but they should be able to
give us everything else. They say, they have video, they
have photos. Who are those people in the videos? Who
are those people in the photos? Why are they not
going after them? Let's start with David Axelrod on his
view of how this is being mishandled.
Speaker 9: Well, I think it underscores what makes this story so interesting,
right because there's a movement, this Maga movement. Trump believes
the Maga movement is his movement, and however he defines it,
but it's built on deep distrust of government on conspiracy theories.
The Epstein case has fed into that. Pedophilia aspects of
it are something that is very inflammatory to that movement.
And now you have people Bongino and others who are
having to choose between fidelity to the president and to
their movement, and it's creating a great fissure. What's interesting
to me is that they everybody's going after Pam Bondi,
the Attorney General. Anyone who believes that Pam Bondi is
doing what she's doing of her own volition is nuts.
She is doing what the president wants her to do,
which is why he's defending her. Why does he not
want those files released? Well, I mean, there's a lot
of speculation about that.
Speaker 1: Actor Rudd's got a good point. The Mega Movement, Yeah,
it certainly was circling around and supporting Donald Trump. But
the original part of this is kind of on some
conspiracy theories. But a lot of it was simply the
fact that there's an elite in this country and they
are the deep State, and they get to do whatever
they want to do, good, bad, or indifferent, and they
don't trust the deep state, and they don't trust government.
And so a lot of this when the government, in
the words of Pam Bondi or Donald Trump, comes out
and says no, no, no, no, no no, you can't
see this, you can't see this, stop talking about it,
they go just the opposite, going, wait a minute, what
are you hiding. That's the reaction. Actually, MAGA has a
couple of things that they're concerned about. One is they
want to be out of all foreign wars, and they
want to bring elites to justice, the deep state, if
you will. That's what MAGA is all about. I'm not
usually in the market for conspiracy stories conspiracy theories, but
for this one, I could be a customer. I'm definitely
want heed more information. And by the way, you know,
Jeffrey Epstein was arrested in twenty nineteen, Donald Trump was president.
James Comy had nothing to do with this. Obama had
nothing to do with it. The President said both of
them somehow were involved. But Komy was booted out of
the FBI two years before Epstein was arrested and President
Trump was in office Trump one point zero, So this
is not a Comy or Obama conspiracy. Now, Republicans, you
want some good news, Harry enter out today about how
things are looking for the midterms. I know it's over
a year away, but it will be here before you
know it. And Harry's always interesting anyway. But here is
some interesting news because in midterms, the party that holds
the White House, in this case, the Republicans, stands to
lose a lot of seats in the House at the
first midterm. But listen to what Harry has to say.
The bottom line is this, Democrats are behind.
Speaker 7: They are two thousand and six and twenty eighteen paces
when it comes to the generic congressional ballot. What are
we talking about here, all right? The Democrats versus the
Republicans on the generic congressional ballot, the margins. Look at
where we are now. Democrats are ahead, but by just
two points. Look at where Democrats were already head by
in twenty seventeen. They were behind by seven points, about
two thousand and five on the Jeniic congressional ballot behind,
excuse me, ahead by seven points, ahead by seven.
Speaker 3: Points, and now they're only ahead by two points.
Speaker 7: Their lead is less than half, less than half of
where it was in either twenty seventeen or two thousand
and five, in July of those years, the year before
the midterm election. Yes, Donald Trump may be unpopular, but
Democrats have not come anywhere close to sealing the deal
at this particular point.
Speaker 10: This is the generic ballot test. This is when you
test people the generic question. Of course, the House races
aren't generic. There are four hundred and thirty five of them.
What happens when you go race by race? What happens
when you go race by race. Well, it's the same idea.
Speaker 7: Okay, howse seat ratings with a GOP president like back
in two thousand and five and of course twenty seventeen,
more net pickup seat chances. Well, last time around, look
at that, Scrats were head by thirty three seats. How
about two thousand and five, Democrats were head by seven seats.
Speaker 3: What's going on right now?
Speaker 7: It's actually Republicans, actually Republicans with more net picked up
chances at plus twelve according to the Cook Political Report,
when you add in the likelys, the leans, and the
toss up races. So it's not just on the generic
ballot where Democrats are behind their twenty seventeen in two
thousand and five pace, it's actually when it comes seat
by seat, you see that at least at this particular point,
Republicans actually have more net pickup opportunities. This doesn't look
anything like those wave elections back in two thousand and
six or twenty eighteen. Okay, so what does it look like. Well,
let's take a look back at the generic congressional ballot.
What was going on in Ipsos In October of twenty
twenty four, Democrats were hit by two points. Look at
where we are now. Democrats are head by two points
among registered voters at this particular point, this election cycle
looks a lot more like twenty twenty four than it
does that either twenty eighteen or two thousand and six.
And so, of course, Republicans actually held out of the
House back in twenty twenty four. Will it happen this
time around? We'll just have to wait and see. But
for anyone who's writing the Republican House's political obituates, hold
the phone. This is a reality. Czech Republicans are still
very much in the game elsewhere today.
Speaker 1: The Oversight Committee in Congress, run by James Comer, they've
been bringing people in, trying to get people in from
the Biden administration. Last week they brought in doctor Kevin O'Connor,
the White House physician. They wanted to ask him about,
was Joe Biden aware of what the auto pen was
signing all all the pardons and legislation everything else. And
Kevin O'Connor, I understand the physician patient privacy, but he
took the Fifth Amendment. The Fifth Amendment. I know we're
supposed to pretend that the Fifth Amendment is one of
your rights, and it is, but it says I can't
answer the question without the chance of incriminating myself criminally,
So why would the doctor take the fifth Amendment? Well,
today they brought in Anthony Bernal and you may not
know who that is. He was Duck Jill's right hand
person and was apparently closer to the Biden family than anybody.
He was one of the closest advisors and would know
what was going on. So they brought Burnell in and
here's James Comer after the closed door hearing.
Speaker 11: Well, unfortunately that was quick. This is the second witness
that we've brought in via subpoena for a deposition that
has pled the fifth and they've stated they're not going
to answer questions. I want to read the first two
questions just so everyone knows. These are the tops of questions.
We asked, was Joe Biden fit to exercise the duties
of the president? He pled the fifth second question, did
any unelected official or family member execute the duties of
the presidency? And this is Joe Biden's chief of staff.
Speaker 1: So they're obviously stonewalling. No answers from the doctor, no
answers from doctor Jill's chief of staff taking the fifth
wonder what they're worrying about criminal incrimination. I mentioned earlier
that we have some inflation news out today. The producer
price Index. This is the wholesale inflation rate for the
month of June. And this is again if you are
importing products. The wholesaler is the one who picks up
the product at the port and pays the tariff. So
the producer price index, it was expected to go up.
It was unchanged, so a little better, slightly better than
what was expected. It's clear that a lot of purchasing
was pulled forward. Once we knew that that tariffs were coming.
People ordered like crazy and got those things delivered as
fast as they could, so a lot was pulled forward.
It distorts the numbers. It's hard to make anything really
big out of this, but the number was unchanged. As
far as goods pricing, they are higher while services are weak.
The airlines are a perfect example of very weak demand,
even though it's supposed to be summer travel season. Speaking
of summer summer apparel that was here before the tariffs
were even announced or shortly thereafter, so some are apparel
avoided the tariffs, but sporting goods and computers. They are
definitely showing inflationary increases, which you've got to figure what
that is. Those are the tariffs coming in. And on
this day in nineteen ninety nine, John F. Kennedy Junior
and his wife and her sister took off from a
small airport in New Jersey heading toward Martha's vineyard. And
we know the story. He didn't make it, so that
was he was thirty eight years old. It was twenty
six years ago today that JFK. Junior died in his
plane crash. Did you watch the All Star Game last night?
I normally don't, but it was good and it wound
up being a tie. The National League was ahead most
of the game. The American League came back to tie
it up in the ninth and they have something called
a swing off where they've got to hit a number
of They line up three guys from each team and
they have to hit home runs. National League won by one.
So National League was the winner after a six and
six tie. Cal Raley the catcher from Seattle. Wow, he's
the number one home run hitter. He's ahead of Aaron
Judge this year. So it was it was great they
had there tried something though that I I don't know,
we'll see how it works. They tried this at Wimbledon
tennis as well, but they tried a robot calling balls
and strikes. No, they had umpires there, but the robots
were there as kind of a let's see how this works.
And during one of the pitches, cal Rawley, who was
a catcher, the robot said it was a strike and
cal Rawly said no, and he objected and they looked
at it, looked at it, looked at it and said, yeah,
the robot was wrong. It was a ball. So some
of those things were going on Wall Street today. Well,
I told you it started off fine. Then we got
the word that the president was going to wanted to
fire J. Powell soon. Then he later denied that. So
the market when he's When the news came out that
he was going to fire J. Powell soon, they market
went down four to five hundred points about middle of
the day. After the President said he went no, no, no, no,
that's I'm not going to be firing and that's unlikely.
The market came back and it finished with the daw
up two hundred and thirty one to forty four fifty
four the price of SMP five hundred up twenty points,
the Nasdaq new record high fifty two points higher. Price
who gold up eighteen dollars to thirty three fifty five,
and oil was up bit a little bit, just under
sixty seven dollars for one barrel of oil again. The
phone number for the comment line you want to call
and leave a comment about the program, The phone number
is eight five five two nine five sixty six hundred,
and you can send me emails. Go to my website
Tomsullivan dot com and there's all the information about my
email address and the phone number and the links to
the podcast if somebody wants to figure out how to
listen to this. So thank you for coming by. We'll
be here again tomorrow. Thank you. We'll see you then