1 00:00:22,320 --> 00:00:25,920 Speaker 1: And welcome, welcome, one and all to the Big Podcast 2 00:00:26,000 --> 00:00:32,640 on this Wednesday. Today is the seventeenth Jack, seventeenth day 3 00:00:32,679 --> 00:00:36,159 of June, Year of Our Lord, twenty twenty six. My 4 00:00:36,280 --> 00:00:40,880 name is Tom Sullivan. And so they wrapped up everything 5 00:00:41,079 --> 00:00:45,560 over at the G seven meeting, and that's in France 6 00:00:46,039 --> 00:00:49,079 at the on right up the road from Geneva where 7 00:00:49,119 --> 00:00:54,119 on Friday they're scheduled to sign this memorandum of understanding. 8 00:00:54,840 --> 00:00:59,359 The memorandum is a little bit of a mystery. The 9 00:00:59,399 --> 00:01:02,159 best anybody's been able to say about it is that 10 00:01:02,359 --> 00:01:07,359 it is vague. But there's been a few items that 11 00:01:07,439 --> 00:01:10,680 have come out about it. Let me just go through 12 00:01:10,719 --> 00:01:14,920 a couple of them for you. There's fourteen points on here, 13 00:01:16,200 --> 00:01:21,359 cease fire and end of hostilities. Okay, respect for sovereignty 14 00:01:22,560 --> 00:01:25,040 whatever that means. I mean, I know what it means. 15 00:01:25,079 --> 00:01:33,359 But okay, negotiate final deal within sixty days, end of 16 00:01:33,599 --> 00:01:39,319 US blockade and withdrawal of US forces. Don't know how 17 00:01:39,359 --> 00:01:42,159 far away they have to go, how many have to leave. 18 00:01:43,519 --> 00:01:47,000 Safe passage through the Strait of horror moves doesn't say 19 00:01:47,000 --> 00:01:51,799 anything about free just as safe passage. Iran Reconstruction and 20 00:01:51,920 --> 00:01:56,400 Development plan that's a beggie. That's the three hundred billion 21 00:01:56,599 --> 00:02:02,000 dollars that Iran wants for the damage that's been done. 22 00:02:03,000 --> 00:02:08,599 End sanctions after Iran shows progress again very vague. What 23 00:02:08,719 --> 00:02:13,319 who's grading them on? How on how they're doing on 24 00:02:13,479 --> 00:02:19,360 progress of progress of what? Iran promises no nuclear weapon 25 00:02:19,479 --> 00:02:25,159 to resolve enriched uranium issue. Well, they promised that in 26 00:02:25,199 --> 00:02:28,520 the past and they did not keep their word, but 27 00:02:28,639 --> 00:02:33,800 it's on the list. Then this next item is kind 28 00:02:33,840 --> 00:02:36,479 of confusing because I just read off of this the 29 00:02:36,520 --> 00:02:39,680 fact that they promised no nuclear weapon. But then the 30 00:02:40,039 --> 00:02:44,759 next item on the list is Iran maintains current nuclear program. 31 00:02:45,639 --> 00:02:49,400 I don't know what that means other than it makes 32 00:02:49,439 --> 00:02:56,759 no sense. Next oil export waivers for Iran so they 33 00:02:56,759 --> 00:03:01,240 can sell their oil. Next is US will release foreign 34 00:03:01,439 --> 00:03:07,520 Iranian assets. That again billions, maybe one hundred billion dollars. 35 00:03:08,240 --> 00:03:18,639 Next one is monitoring of compliance with deal, again vague. 36 00:03:19,159 --> 00:03:24,680 Next one negotiations on remaining issues listed in MoU vague. 37 00:03:25,439 --> 00:03:31,039 And finally, the last UN Security Council endorsement. Because if 38 00:03:31,039 --> 00:03:36,000 there's one organization that you can rely on is the UN. 39 00:03:36,800 --> 00:03:40,840 So that's that's the list of the of what's supposed 40 00:03:40,879 --> 00:03:46,120 to be in this MoU and puzzling, to say the 41 00:03:46,240 --> 00:03:50,240 very least. So the president had a news conference today 42 00:03:51,120 --> 00:03:56,719 at the G seven side, and he kept preferring to 43 00:03:57,039 --> 00:03:59,280 the stock market. Stock mark's been going up. Have you 44 00:03:59,319 --> 00:04:01,479 seen the stock mark? His stock market's doing great, says 45 00:04:01,520 --> 00:04:04,400 stock market, second setting records is stock market, boy, it's 46 00:04:04,439 --> 00:04:06,840 going up. And I'm thinking this stock market does not 47 00:04:07,000 --> 00:04:15,280 go up on international affairs. Necessarily, maybe indirectly. The stock 48 00:04:15,400 --> 00:04:19,519 market goes up or down based upon corporate earnings. That's 49 00:04:19,720 --> 00:04:24,040 all it is. So it has nothing to do with 50 00:04:24,120 --> 00:04:27,879 the stock market is not weighing in and judging the 51 00:04:28,000 --> 00:04:31,439 G seven meeting or the Iran MoU or any of 52 00:04:31,439 --> 00:04:35,680 that sort of stuff. So that's what he talks about. 53 00:04:36,240 --> 00:04:41,160 He talked about how he was the one responsible for 54 00:04:41,240 --> 00:04:47,800 killing Solimani. He complained in this news conference about Israel. 55 00:04:48,160 --> 00:04:52,480 He is not happy with Benjamin Nett and Yahoo, and 56 00:04:52,519 --> 00:04:55,600 he made it clear he says they could have behaved better. 57 00:04:56,439 --> 00:04:59,680 He says, after all, there's people in those apartment buildings 58 00:05:00,720 --> 00:05:05,040 talking about the bombing. But you know, everybody knows what 59 00:05:05,199 --> 00:05:08,759 his blah does. And Hamast did the same thing. They 60 00:05:08,839 --> 00:05:13,319 set their soldiers and their operations and their launchers in 61 00:05:13,480 --> 00:05:16,680 apartment buildings so that nobody would attack them because it 62 00:05:16,720 --> 00:05:21,279 would kill civilians, so it will Basically, he wants them 63 00:05:21,279 --> 00:05:31,199 to leave Hesbelah alone. He bashed Herbert Hoover about raising 64 00:05:31,279 --> 00:05:35,480 interest rates and taxes back in the nineteen thirties, actually 65 00:05:35,959 --> 00:05:38,120 because he was talking about how it put the country 66 00:05:38,160 --> 00:05:40,959 into a depression. And he was talking about how this 67 00:05:41,040 --> 00:05:43,120 country would go into a depression if he didn't do 68 00:05:43,319 --> 00:05:48,160 this deal. But Hoover did that caused the great depression 69 00:05:49,319 --> 00:05:51,639 was if you go back and look at it, it 70 00:05:51,800 --> 00:05:59,839 was tariffs. He put tariffs on everything, but that was skypto. 71 00:06:01,120 --> 00:06:04,959 He repeated that if iron doesn't behave that we will 72 00:06:04,959 --> 00:06:08,720 go back to bombing them. I don't think anybody believes 73 00:06:08,720 --> 00:06:10,399 that he would do that, but you never know what 74 00:06:10,480 --> 00:06:16,160 Donald Trump, he complained a number of times about President Obama. 75 00:06:18,600 --> 00:06:22,560 Howard Lutnick was standing behind him on one side, and 76 00:06:22,680 --> 00:06:25,680 every time Donald Trump would do the I'm a tough 77 00:06:25,680 --> 00:06:30,600 guy talk, Lutnick would smile. On the other side behind 78 00:06:30,800 --> 00:06:34,680 Trump was Marca Rubio. And I'll tell you what, I 79 00:06:34,680 --> 00:06:37,800 don't ever want to play poker with Marco Rubio because 80 00:06:38,319 --> 00:06:41,560 through all the different things that President Trump said Mark 81 00:06:41,639 --> 00:06:46,639 or Rubio kept a poker face, never never a smile, 82 00:06:46,800 --> 00:06:52,160 never a grim nothing. So he brought up the president, 83 00:06:52,160 --> 00:06:56,839 brought up the rigged election in twenty twenty and the 84 00:06:56,879 --> 00:06:59,920 twenty four million people that Biden led into the country. 85 00:07:00,480 --> 00:07:03,399 He made a couple of cracks about Biden not knowing 86 00:07:03,439 --> 00:07:06,319 what he was doing. So it went on for about 87 00:07:06,360 --> 00:07:12,199 forty minutes, and then he took questions and during the questions, 88 00:07:13,079 --> 00:07:17,199 Peter Deucy from Fox News got the first question, and 89 00:07:17,279 --> 00:07:22,079 it was about, can you explain, mister President about the 90 00:07:22,199 --> 00:07:25,639 money that's going to be going the three hundred billion 91 00:07:25,720 --> 00:07:29,639 dollars that's going to be going to Iran? And what's 92 00:07:29,680 --> 00:07:35,759 the difference between funding Iran and just releasing their frozen assets. 93 00:07:35,800 --> 00:07:39,399 Here's Deucey and the President. We'll explained though, what the 94 00:07:39,480 --> 00:07:46,319 difference is between giving Iran US dollars and unfreezing US dollars. 95 00:07:45,959 --> 00:07:48,720 Speaker 2: For Well, the unfreezing is an easy one to answer. 96 00:07:49,600 --> 00:07:53,319 We have taken a lot of their money, and we 97 00:07:53,439 --> 00:07:56,399 have their money we have taken to them, or is 98 00:07:56,399 --> 00:07:59,920 there our money? It's their money and we frozen. At 99 00:08:00,160 --> 00:08:02,959 a certain point in time, I guess we're going to 100 00:08:03,000 --> 00:08:04,720 have to give it back. You know, if we didn't 101 00:08:04,759 --> 00:08:07,040 give it back, nobody would ever invest in the dollar 102 00:08:07,079 --> 00:08:10,959 again if you took their money. Because I thought about it, 103 00:08:11,040 --> 00:08:13,920 you know, I'm not the post perfect person. I said 104 00:08:14,079 --> 00:08:17,920 to Scott, Scott, what do we keep their money? What 105 00:08:18,000 --> 00:08:20,079 the hell are we giving it back to him? But 106 00:08:20,199 --> 00:08:24,240 you know, people from lots of nations, some nations we 107 00:08:24,279 --> 00:08:26,560 don't agree with, they have their money. The dollars become 108 00:08:26,680 --> 00:08:31,160 very strong under me, and they don't want to have 109 00:08:31,160 --> 00:08:34,240 a little conflict with somebody and end up having the 110 00:08:34,320 --> 00:08:37,000 United States just take their money. So if you do that, 111 00:08:37,039 --> 00:08:38,519 you really don't have a system. 112 00:08:38,960 --> 00:08:43,440 Speaker 1: Well, you'll have to figure that one out, because basically 113 00:08:43,519 --> 00:08:46,240 it sounds like he was kind of dodging and weaving 114 00:08:46,279 --> 00:08:49,200 the whole question about the three hundred billion, And Peter 115 00:08:49,279 --> 00:08:52,039 Doucey asked a great question, what's the difference between giving 116 00:08:52,080 --> 00:08:55,960 them dollars and unfreezing the money that we kept the bellers. 117 00:08:56,799 --> 00:09:00,320 That's what President Obama did, was he just basically he 118 00:09:00,360 --> 00:09:05,559 didn't give them our money. He basically unfroze Iranian money that. 119 00:09:05,759 --> 00:09:07,080 Speaker 3: Was held so. 120 00:09:08,480 --> 00:09:12,320 Speaker 1: Well, there's also a question about ballistic missiles and one 121 00:09:12,360 --> 00:09:15,399 of the things that the accusations from the military people 122 00:09:15,440 --> 00:09:19,960 have been that Iran has been building a huge stockpile 123 00:09:20,039 --> 00:09:23,320 of ballistic missiles, not only for them, so that if 124 00:09:23,360 --> 00:09:27,480 anybody tried to attack them, they would have an enormous 125 00:09:27,519 --> 00:09:33,279 fleet of missiles that would overwhelm any iron dome, namely Israel, 126 00:09:34,240 --> 00:09:40,639 but also supplying Hesballah with thousands of ballistic missiles. But 127 00:09:40,720 --> 00:09:43,000 here's what the President had to say about that. 128 00:09:45,080 --> 00:09:48,159 Speaker 3: Can you elaborate on that? I want to make the retended, No, 129 00:09:48,360 --> 00:09:48,799 I want to. 130 00:09:48,840 --> 00:09:51,879 Speaker 4: I'm saying that if other countries have them, it's a 131 00:09:51,919 --> 00:09:55,159 little bit unfair for them not to have some. A 132 00:09:55,200 --> 00:09:57,559 ballistic missile is not the same thing as what we're 133 00:09:57,600 --> 00:09:58,200 talking about. 134 00:09:58,200 --> 00:09:59,360 Speaker 5: What we talk to play. 135 00:10:00,919 --> 00:10:04,320 Speaker 4: Saudi Arabian guitar, and they all have some. I would say, 136 00:10:05,000 --> 00:10:08,000 in relative proportion. I think it's okay, that's what I mean. 137 00:10:08,559 --> 00:10:12,840 Speaker 1: Okay, Yeah, he's fine with it. He's fine with ballistic 138 00:10:12,919 --> 00:10:15,799 missiles around, having ballistic missiles. But what they were doing 139 00:10:16,440 --> 00:10:19,159 was building so many of them that it would overwhelm 140 00:10:20,320 --> 00:10:23,320 the Iron domea in Israel or anyplace else that they 141 00:10:23,320 --> 00:10:26,840 wanted to attack, in Dubai or any of those other 142 00:10:26,879 --> 00:10:31,519 places where they have energy Trey Goudi, a former federal prosecutor, 143 00:10:31,519 --> 00:10:39,840 former congressman. Well, he's questioning what just happened. I was 144 00:10:39,879 --> 00:10:43,200 a little surprised, honestly. I mean, we literally had our 145 00:10:43,240 --> 00:10:47,600 foot on their throat militarily economically. And I read this 146 00:10:48,279 --> 00:10:51,480 MoU if you will, I guess about forty eight hours ago, 147 00:10:51,759 --> 00:10:54,360 and I didn't believe it. I thought somebody was spoofing 148 00:10:54,440 --> 00:10:57,759 me when I saw it, because I see what we're 149 00:10:57,799 --> 00:11:00,840 giving off and then I see this word down blend. 150 00:11:01,399 --> 00:11:03,080 And I'm not the smartest guy in the world here, 151 00:11:03,120 --> 00:11:06,039 but if you can downblend, then you can uplend. And 152 00:11:06,120 --> 00:11:08,919 how long would it take Iran to upblend? Because Donald 153 00:11:08,919 --> 00:11:11,519 Trpe is going to be gone in January twenty twenty nine, 154 00:11:11,799 --> 00:11:14,080 but the so called Supreme Leader is not going to 155 00:11:14,120 --> 00:11:17,919 be So here's my question for my fellow citizens. Do 156 00:11:17,960 --> 00:11:21,559 you really think Iran has abandoned its nuclear ambition? 157 00:11:21,919 --> 00:11:22,879 Speaker 5: Do you believe them? 158 00:11:22,960 --> 00:11:24,879 Speaker 6: What do you think they're going to do with a 159 00:11:24,919 --> 00:11:27,360 three hundred billion dollars What are they going to do 160 00:11:27,440 --> 00:11:30,559 with the old revenue? You think they're going to build schools? 161 00:11:30,879 --> 00:11:33,279 You think they're going to build like they're going to 162 00:11:33,360 --> 00:11:36,399 make women's lives better or are they going to continue 163 00:11:36,440 --> 00:11:38,360 to target America in Israel. 164 00:11:38,720 --> 00:11:39,960 Speaker 5: I happen to think the latter. 165 00:11:40,639 --> 00:11:42,919 Speaker 1: So the question was brought up with Trey about the 166 00:11:42,919 --> 00:11:46,519 International Atomic Energy Agency and the fact that they will 167 00:11:46,559 --> 00:11:50,960 be inspecting all of this. Tray is not impressed. 168 00:11:51,759 --> 00:11:53,960 Speaker 6: Well, I'll tell you two things that do not reassure 169 00:11:54,000 --> 00:11:57,799 the American people, and that is some international atomic nuclear 170 00:11:57,919 --> 00:12:01,840 agency which people have zeal confidence. And the only thing 171 00:12:01,879 --> 00:12:04,759 we have less confidence and would be the United Nations. 172 00:12:05,039 --> 00:12:09,440 So I saw both of those entities in this MoU. Look, 173 00:12:09,799 --> 00:12:13,320 as you know, I was a country prosecutor. I rely 174 00:12:13,440 --> 00:12:16,720 on other people for expertise. I've heard from the President, 175 00:12:16,799 --> 00:12:19,320 have tremendous respect for him. I'd like to hear from 176 00:12:19,360 --> 00:12:21,919 Marco Rubio, and I'd really like to hear from John 177 00:12:22,000 --> 00:12:25,879 Lee Ratcliffe on the intelligence of whether or not Iran 178 00:12:26,440 --> 00:12:29,159 thinks they got the better of us, because I guarantee 179 00:12:29,200 --> 00:12:31,799 we got the best intelligence community in the world. I'd 180 00:12:31,799 --> 00:12:35,840 be really interested in what their reaction to this MoU is. 181 00:12:36,080 --> 00:12:39,360 It might be I can't believe we got this because 182 00:12:39,759 --> 00:12:42,559 we were losing. I mean, we had them, Xandra, we 183 00:12:42,679 --> 00:12:46,480 had an economic stranglehold on that country. So you go 184 00:12:46,600 --> 00:12:50,360 back to the status quo ante before the blockade? How 185 00:12:50,399 --> 00:12:53,519 are we better off? Well, what did we get? 186 00:12:54,159 --> 00:12:56,919 Speaker 1: What do you mean what did we get? Well, he's 187 00:12:56,960 --> 00:12:59,759 not the only one asking that question. So the question 188 00:12:59,879 --> 00:13:05,240 was was poised to Trey Goudy about then, what was 189 00:13:05,879 --> 00:13:09,360 the purpose of going to war against Iran? 190 00:13:09,840 --> 00:13:12,519 Speaker 6: Well, I hate to be sonical. You know that, don't 191 00:13:12,519 --> 00:13:16,279 we have midterms coming up? Or gas price is high. 192 00:13:16,679 --> 00:13:19,679 I mean, I hate to be sonical, but I don't 193 00:13:19,720 --> 00:13:23,440 think it's a national security document. But I reserve the 194 00:13:23,519 --> 00:13:25,759 right to be corrected. I need to hear from Marco 195 00:13:25,879 --> 00:13:28,120 and I need to hear from John Lee, and if 196 00:13:28,120 --> 00:13:30,159 they both tell me that this is as good as 197 00:13:30,240 --> 00:13:33,720 a gainst, then I'll go back to being a country prosecutor. 198 00:13:33,879 --> 00:13:37,720 Speaker 1: So I know we're the hostilities have come to a 199 00:13:37,759 --> 00:13:39,360 halt as of a couple of days ago. 200 00:13:39,399 --> 00:13:39,919 Speaker 3: That's it. 201 00:13:40,480 --> 00:13:43,159 Speaker 1: But as you assess this and take a look around 202 00:13:43,240 --> 00:13:49,200 what Trey Goudi's talking about is I Ran actually benefited 203 00:13:49,480 --> 00:13:50,559 from this war. 204 00:13:51,240 --> 00:13:55,000 Speaker 5: They're better off than they were before the hostilities began, 205 00:13:55,639 --> 00:13:59,159 and that should not be the consequence of war. When 206 00:13:59,200 --> 00:14:01,759 you lose a war. I mean, think about this, we 207 00:14:01,799 --> 00:14:05,399 went into Iran and rescued a down pilot. We had 208 00:14:05,480 --> 00:14:10,000 total control over that country. We were winning militarily and economically. 209 00:14:10,240 --> 00:14:13,720 And when you are in that position, you negotiate from strength. 210 00:14:14,120 --> 00:14:16,960 You don't give people money, you don't give them access. 211 00:14:17,039 --> 00:14:18,639 What are they going to do with the money. So, 212 00:14:18,720 --> 00:14:21,120 I mean, you've been following this issue for a long time. 213 00:14:21,159 --> 00:14:25,679 Despite your youthful appearance, you know that Iran is going 214 00:14:25,720 --> 00:14:29,320 to use this for nefarious purposes. We all know that 215 00:14:29,399 --> 00:14:32,600 the regime has not changed. They're just richer. 216 00:14:32,879 --> 00:14:35,639 Speaker 1: Oh yes, there's no question that they're going to be richer, 217 00:14:36,159 --> 00:14:41,320 and probably by the three hundred billion dollar fund that 218 00:14:41,360 --> 00:14:42,279 they're going to be getting. 219 00:14:43,720 --> 00:14:47,039 Speaker 6: I think the legal explanation would be that was their 220 00:14:47,120 --> 00:14:51,600 money and we're just allowing you access to it. Again, Look, 221 00:14:51,639 --> 00:14:53,840 I have not talked to the president about this, but 222 00:14:54,440 --> 00:14:57,320 my guess is when he rolls up his sleeves and 223 00:14:57,360 --> 00:14:59,399 he gets back and he's been keeping a very hectic 224 00:14:59,480 --> 00:15:02,240 schedule and he looks at this and he talks to 225 00:15:02,320 --> 00:15:06,120 Marco and he talks to John Lee, I'll be surprised 226 00:15:06,159 --> 00:15:08,639 if he does not have a different reaction. 227 00:15:09,120 --> 00:15:09,960 Speaker 3: He likes to. 228 00:15:09,879 --> 00:15:14,039 Speaker 6: Win, and we were winning. Does this agreement reflect a 229 00:15:14,159 --> 00:15:18,080 victorious country. I think that's the question he's going to ask, 230 00:15:18,399 --> 00:15:20,879 and I'll be surprised if he concludes that this is 231 00:15:20,919 --> 00:15:21,759 the best we can do. 232 00:15:22,039 --> 00:15:24,759 Speaker 1: I mean, he goes on, he's not happy. He's not 233 00:15:24,879 --> 00:15:26,759 the only one. There's a lot of people that are 234 00:15:26,759 --> 00:15:32,679 really scratching their head. Start with Ian Bremer, who runs 235 00:15:32,720 --> 00:15:36,919 your Asia group, and he also is he's a very 236 00:15:37,399 --> 00:15:38,720 analytical guy. He's not. 237 00:15:39,399 --> 00:15:39,759 Speaker 3: He's not. 238 00:15:40,120 --> 00:15:42,399 Speaker 1: I don't know if he's a Democrat or Republican. He's 239 00:15:42,399 --> 00:15:46,120 just an analytical guy. And he was asked about his 240 00:15:46,200 --> 00:15:50,480 reaction to the president. Did he did the President sell 241 00:15:51,879 --> 00:15:55,000 the MoU to the American people? 242 00:15:55,440 --> 00:15:58,519 Speaker 7: But it's not he lied, But he does that right, I mean, 243 00:15:58,960 --> 00:15:59,799 that's not just spin. 244 00:16:00,080 --> 00:16:01,279 Speaker 3: I mean it's just a lie. 245 00:16:01,919 --> 00:16:07,000 Speaker 7: But again, Trump cannot be responsible for something that's bad. 246 00:16:07,159 --> 00:16:12,519 That's just not in his personality. He did the war. 247 00:16:13,159 --> 00:16:17,480 It was the biggest mistake of his administration, either one. 248 00:16:18,360 --> 00:16:20,879 Speaker 5: And it's not like he's always fails. 249 00:16:20,600 --> 00:16:24,679 Speaker 7: He's had major successes because not only is he willing 250 00:16:24,759 --> 00:16:26,600 to roll the dice and be far more of a 251 00:16:26,679 --> 00:16:29,600 risk taker than any American president in recent history, but 252 00:16:29,679 --> 00:16:31,960 he still is the president of the most powerful country. 253 00:16:32,080 --> 00:16:35,039 And so sometimes that works out for him, like with 254 00:16:35,200 --> 00:16:39,759 the Abraham Accords for example, or like with Venezuela for example. 255 00:16:40,080 --> 00:16:41,960 Speaker 3: This time he rolled the dice. 256 00:16:42,000 --> 00:16:45,120 Speaker 7: He took a big risk and it was disastrous, and 257 00:16:45,159 --> 00:16:47,759 so as a consequence, he has to sign a deal 258 00:16:48,240 --> 00:16:51,600 that has literally none of his war aims, not a 259 00:16:51,759 --> 00:16:56,000 single one. Not the ballistic missiles, not the nuclear file, 260 00:16:56,480 --> 00:16:58,840 not the support for terror or for proxies in the 261 00:16:58,879 --> 00:17:04,720 region using the next Supreme leader, not rescuing the Iranian people. 262 00:17:04,880 --> 00:17:09,000 There was not a single war goal that the Americans 263 00:17:09,039 --> 00:17:11,640 decided that this was why they had to go and 264 00:17:11,680 --> 00:17:16,119 decapitate the Iranian regime that is being resolved by this agreement. 265 00:17:16,319 --> 00:17:16,799 Speaker 3: Not one. 266 00:17:17,599 --> 00:17:20,319 Speaker 7: And he can say he can speak otherwise if he 267 00:17:20,400 --> 00:17:24,720 wishes to, and seventy percent of Republicans will say that 268 00:17:24,720 --> 00:17:27,839 they support the war, as they continue to. But everybody 269 00:17:27,839 --> 00:17:30,599 else in the US and everybody else around the world 270 00:17:30,680 --> 00:17:33,319 understands that it is not as he says it is. 271 00:17:33,799 --> 00:17:37,000 Speaker 1: Well, he was kind of describing the President and his 272 00:17:37,759 --> 00:17:39,880 they hint rolling the dice in it turning out to 273 00:17:39,920 --> 00:17:43,000 be not a good deal, But it kind of reflects 274 00:17:43,039 --> 00:17:45,759 I mean, Donald Trump has had many, many successes in 275 00:17:45,839 --> 00:17:48,519 the business world and people. I think a lot of 276 00:17:48,519 --> 00:17:50,759 people decided to vote for him because they thought he 277 00:17:50,799 --> 00:17:54,039 was a good businessman. But he did go bankrupt six times, 278 00:17:54,839 --> 00:17:58,920 so he had a lot of successes. But he also 279 00:17:59,000 --> 00:18:02,680 rolled the dice six times and it came up no, 280 00:18:02,960 --> 00:18:06,559 it came up a loser. So it is not always 281 00:18:06,319 --> 00:18:07,200 that's him. 282 00:18:07,359 --> 00:18:08,400 Speaker 3: He is a risk. 283 00:18:08,200 --> 00:18:12,359 Speaker 1: Taker and he's willing to take risks. Sometimes it works, 284 00:18:12,400 --> 00:18:18,960 sometimes it doesn't. I know, General Keane is very careful 285 00:18:19,000 --> 00:18:22,880 about what he says, but he's not happy either. 286 00:18:22,920 --> 00:18:26,960 Speaker 8: You believe something is being developed there in terms of enrichment, 287 00:18:27,480 --> 00:18:31,200 or there's advanced centifuges there, or whatever it was. And 288 00:18:31,200 --> 00:18:35,000 in all those cases that intelligence was likely very good. 289 00:18:35,440 --> 00:18:38,839 And guess what Aron said, no deal, that's not part 290 00:18:38,880 --> 00:18:42,599 of the protocol. The nature of the regime has not changed, 291 00:18:42,880 --> 00:18:45,599 and we have got to be clear eyed in dealing 292 00:18:45,640 --> 00:18:48,279 with these guys. What they say and what they do 293 00:18:48,319 --> 00:18:52,000 are two different things. They cannot be trusted. We have 294 00:18:52,119 --> 00:18:53,440 to enforce compliance. 295 00:18:53,759 --> 00:18:57,599 Speaker 1: Well, yes, we need to enforce compliance, and the President 296 00:18:57,640 --> 00:19:02,240 also talks about that. But here's the question that comes 297 00:19:02,279 --> 00:19:07,079 down is if I'm Iran am I gonna take the 298 00:19:07,200 --> 00:19:10,759 chance that Donald Trump is going to start bombing me again. 299 00:19:10,799 --> 00:19:10,920 Speaker 6: Now. 300 00:19:10,960 --> 00:19:13,920 Speaker 1: The President in his news conference today spoke about the 301 00:19:13,920 --> 00:19:16,359 fact that if they don't comply, we'll just start bombing 302 00:19:16,400 --> 00:19:19,039 him again. I don't know if too many people that 303 00:19:19,160 --> 00:19:22,119 believe that he would do that, especially as we're narrowing 304 00:19:22,200 --> 00:19:27,400 down to the midterm elections. We start bombing again, oil 305 00:19:27,480 --> 00:19:29,440 prices go up, gas prices go up. 306 00:19:29,519 --> 00:19:29,880 Speaker 3: You think that. 307 00:19:30,319 --> 00:19:33,440 Speaker 1: Do you think that's going to happen? I don't, But 308 00:19:33,759 --> 00:19:38,440 you don't know. With President Trump. He is a maverick. 309 00:19:38,559 --> 00:19:41,400 He does things that other people don't expect him to do. 310 00:19:41,480 --> 00:19:45,440 But I logically, I think, and I think Iran is 311 00:19:45,440 --> 00:19:47,799 probably going to roll the dice that they can do 312 00:19:47,880 --> 00:19:51,920 whatever they want to do. They'll drag out these negotiations 313 00:19:51,960 --> 00:19:54,839 more than sixty days. You watch, before the sixty days 314 00:19:54,880 --> 00:19:57,200 comes up, all of a sudden, there will be another 315 00:19:57,359 --> 00:20:00,519 extension of sixty days, and that'll put it right at 316 00:20:00,559 --> 00:20:04,079 the midterm elections. I just don't think that they have 317 00:20:04,160 --> 00:20:06,559 to comply with anything because they know that Donald Trump 318 00:20:06,640 --> 00:20:09,119 is not going to bomb them again, at least not 319 00:20:09,279 --> 00:20:15,039 before November. Robert Greenway, former National security guy, He weighed 320 00:20:15,039 --> 00:20:15,960 in as well. 321 00:20:16,160 --> 00:20:18,839 Speaker 9: I think General King's exactly right. I don't see evidence 322 00:20:18,880 --> 00:20:21,799 that the regime has changed, even though we've got different 323 00:20:21,880 --> 00:20:24,480 leaders in the chair. But I think the fundamental point 324 00:20:24,519 --> 00:20:26,720 is the President of the United States has all the leverage. 325 00:20:26,720 --> 00:20:29,599 He's brought them to a hard reset, eliminated the nuclear program, 326 00:20:29,680 --> 00:20:32,799 their military, and changed a good deal of that leadership, 327 00:20:32,799 --> 00:20:35,119 which I don't think has changed. And he's created an 328 00:20:35,200 --> 00:20:38,880 enormous situation where the stress and their financial system requires concessions. 329 00:20:39,160 --> 00:20:41,960 But General Kean's right. If in fact we relieve economic 330 00:20:42,000 --> 00:20:45,640 pressure and they pocket the funds, they'll spend it on 331 00:20:45,920 --> 00:20:48,039 ultimately resurrection of those capabilities. 332 00:20:48,039 --> 00:20:49,119 Speaker 3: But President Trump and. 333 00:20:49,160 --> 00:20:51,319 Speaker 9: Prime Minister net Yah, who are the two leaders that 334 00:20:51,359 --> 00:20:54,000 were bold enough to confront and eliminate the threat, And 335 00:20:54,079 --> 00:20:56,359 I think that they can be trusted to ensure that 336 00:20:56,400 --> 00:20:58,759 we're not going to see shenanigans on the Ronnie inside. 337 00:20:58,799 --> 00:21:00,400 But this is not the first deal they're going to 338 00:21:00,400 --> 00:21:00,839 comply with. 339 00:21:01,119 --> 00:21:05,599 Speaker 1: Again, I go back to have great respect for mister Greenway, 340 00:21:06,000 --> 00:21:08,799 but I don't think they've eliminated the threat. That is 341 00:21:08,839 --> 00:21:13,079 the problem I'm having. They've temporarily delayed, but they are 342 00:21:13,160 --> 00:21:16,480 going to try to come back and rebuild their nuclear arsenal. 343 00:21:16,880 --> 00:21:19,680 They want a nuke bomb and I don't think anything's 344 00:21:19,720 --> 00:21:20,440 going to stop them. 345 00:21:21,559 --> 00:21:22,359 Speaker 3: So we've got that. 346 00:21:23,400 --> 00:21:27,759 Speaker 1: Another big story today is to follow up on what 347 00:21:27,799 --> 00:21:32,279 we talked about yesterday that these twenty three people, young 348 00:21:32,359 --> 00:21:36,960 men around the country were on signal talking to each other, 349 00:21:37,720 --> 00:21:42,240 and more than just just talking tough, they were preparing 350 00:21:43,519 --> 00:21:47,079 to attack the UFC event on the South Lawn to 351 00:21:47,119 --> 00:21:51,039 the White House this past Sunday with drones that would 352 00:21:51,119 --> 00:21:56,039 drop explosives and then position themselves in places where people 353 00:21:56,119 --> 00:21:59,039 would run out of the area, out of the White 354 00:21:59,079 --> 00:22:02,920 House area, and they would have guns to shoot and 355 00:22:02,960 --> 00:22:05,599 fuel people as they were coming out. It was very elaborate. 356 00:22:06,839 --> 00:22:12,559 It was basically uncovered by a mother who found out 357 00:22:12,680 --> 00:22:15,799 what her son was up to. She this young man 358 00:22:16,640 --> 00:22:23,480 in Ohio and carry or bond. Former DOJ lawyer is 359 00:22:23,599 --> 00:22:25,200 still shaking her head about this one. 360 00:22:25,279 --> 00:22:27,720 Speaker 10: That they find the rest of the people. According to 361 00:22:28,559 --> 00:22:31,319 the FBI and the Secret Service, they are looking at 362 00:22:31,359 --> 00:22:34,039 about twenty three people involved in this alleged plot that 363 00:22:34,240 --> 00:22:36,279 you said, Bill. They have five people in custody right now, 364 00:22:36,359 --> 00:22:40,359 but there's now a massive manhunt underway, and so we'll 365 00:22:40,440 --> 00:22:44,799 see who else was part of this potentially horrific attack, 366 00:22:45,000 --> 00:22:47,759 And a lot of credit goes to the mother of 367 00:22:47,880 --> 00:22:50,240 the nineteen year old defendant. They're the ones out of 368 00:22:50,279 --> 00:22:53,240 Ohio because she's the one who called into the police 369 00:22:53,240 --> 00:22:55,480 that she was concerned about his son, some of her sons, 370 00:22:55,480 --> 00:22:55,759 some of. 371 00:22:55,720 --> 00:22:56,920 Speaker 5: The comments he had made. 372 00:22:57,279 --> 00:23:01,519 Speaker 10: And because of that phone call, well, police were easily 373 00:23:01,559 --> 00:23:04,200 able to obtain a warrant get into the kid's phone. 374 00:23:04,440 --> 00:23:06,200 That's how they were able to see all of these 375 00:23:06,240 --> 00:23:09,160 text messages which unraveled all of this, and it's why 376 00:23:09,200 --> 00:23:11,720 they had basically a blueprint for their manhunt. 377 00:23:11,720 --> 00:23:14,440 Speaker 1: How the part you didn't mention was apparently the Secret 378 00:23:14,480 --> 00:23:20,440 Service is livid because Cash Pattel, the FBI director, yesterday morning, 379 00:23:20,880 --> 00:23:24,079 put out a tweet all about the fact that what 380 00:23:24,119 --> 00:23:27,119 was happening and the fact that they were busting these people. 381 00:23:27,400 --> 00:23:30,440 The problem was they only had five in custody out 382 00:23:30,480 --> 00:23:34,039 of the twenty three, so now they're out looking for 383 00:23:34,079 --> 00:23:37,400 the rest of them. But Cash kind of spilled the 384 00:23:37,440 --> 00:23:42,240 beans before everybody was in custody. The other Oh, here's 385 00:23:42,279 --> 00:23:45,240 the Secret Service guy too. He's talking about they're going 386 00:23:45,319 --> 00:23:46,200 to go get them. 387 00:23:46,640 --> 00:23:49,920 Speaker 11: Just because we're done with freedom two fifty or that 388 00:23:49,960 --> 00:23:53,000 particular event doesn't mean we're going to stop. There are 389 00:23:53,039 --> 00:23:55,200 still suspects at large, and we're going to work it 390 00:23:55,480 --> 00:23:57,160 until everyone's been identified. 391 00:23:57,839 --> 00:23:59,640 Speaker 1: I'm sure they will. They know who they're looking for. 392 00:24:00,119 --> 00:24:02,839 Matter of it's down to a man hunt at this 393 00:24:02,880 --> 00:24:06,440 particular time. But the question that really kind of comes 394 00:24:06,519 --> 00:24:10,119 up is that they didn't have him all in custody. 395 00:24:10,519 --> 00:24:12,960 They knew about what was happening, but they didn't call 396 00:24:13,000 --> 00:24:15,480 the event off on the White House low and I'm 397 00:24:16,519 --> 00:24:20,000 I'm kind of curious about why was this something that 398 00:24:20,200 --> 00:24:23,079 they went to the President and asked him, we got 399 00:24:23,079 --> 00:24:25,799 to shut this thing down before because there may be 400 00:24:25,839 --> 00:24:29,319 an attack. We don't know yet, so we're going to 401 00:24:29,400 --> 00:24:32,079 have to wait to find out more on that. Then 402 00:24:33,039 --> 00:24:39,000 another little bombshell today the whole process about finding a 403 00:24:39,039 --> 00:24:44,079 replacement for Tulsea Gabbard asked the Office of Director of 404 00:24:44,160 --> 00:24:49,799 National Intelligence. The President wanted to get Bill POULTI. Bill 405 00:24:49,839 --> 00:24:55,960 Poulty was described by many people as a political hatchet 406 00:24:55,960 --> 00:24:59,720 man that he went into Fannie Mae Freddie Mack Federal 407 00:24:59,759 --> 00:25:03,920 Home or Home Loan mortgage Corporation, and I use those 408 00:25:03,960 --> 00:25:09,519 records to go after Leticia James and James call me 409 00:25:10,119 --> 00:25:14,480 and Lisa Fox from the Federal Reserve Board, a bunch 410 00:25:14,559 --> 00:25:19,759 of people. And I've said this before. He one of 411 00:25:19,799 --> 00:25:21,640 the things because they had more than one home that 412 00:25:21,680 --> 00:25:24,160 they said was their primary home, which is in fact 413 00:25:24,559 --> 00:25:28,200 they shouldn't be doing that. So he forgot to mention 414 00:25:28,759 --> 00:25:32,200 Scott Bessett, the Treasury Secretary, has the same problem, but 415 00:25:32,799 --> 00:25:37,640 nobody filed any charges against him. So Paulty is a hatchetman, 416 00:25:38,359 --> 00:25:41,240 and the President was not trying to be coy about it. 417 00:25:41,279 --> 00:25:44,599 He said, I want Poulty, but he doesn't have any 418 00:25:44,920 --> 00:25:48,920 intelligence experience, sir, that doesn't matter. I want him to 419 00:25:48,960 --> 00:25:51,319 go in there and I want him to fire a 420 00:25:51,359 --> 00:25:54,599 lot of those people, which brings up the question about 421 00:25:54,640 --> 00:25:58,400 the fact that the President does not like from day 422 00:25:58,480 --> 00:26:03,480 one in Trump one point zero, he doesn't like the CIA, 423 00:26:03,599 --> 00:26:06,200 he doesn't like the FBI, he doesn't like a lot 424 00:26:06,319 --> 00:26:11,000 of the intelligence people because of their roles doing whatever 425 00:26:11,319 --> 00:26:14,119 was that they were involved with regarding Russia, Russia, Russia. 426 00:26:14,599 --> 00:26:18,839 So he's held a bad spot in his mind for 427 00:26:19,240 --> 00:26:23,799 both of those organizations. So when it comes to the CIA, 428 00:26:24,200 --> 00:26:26,680 Bill Poulty would be the boss of the head of 429 00:26:26,960 --> 00:26:30,200 the CIA, and he can raise all kinds of canes. 430 00:26:30,240 --> 00:26:33,440 So what happened a couple of days ago? The President 431 00:26:33,720 --> 00:26:37,519 picks Jay Clayton. Originally, Bill Poulte was just going to 432 00:26:37,559 --> 00:26:43,519 be a temporary acting head of National Intelligence and with 433 00:26:43,680 --> 00:26:46,319 that you don't have to go through a Senate confirmation. Now, 434 00:26:46,359 --> 00:26:52,279 Tulsi Gabbard her last day is Friday. So Bill Poulty 435 00:26:52,960 --> 00:26:57,119 is ready to move in to the that Director of 436 00:26:57,200 --> 00:27:02,519 National Intelligence office on Friday. So the Senate is racing 437 00:27:02,599 --> 00:27:05,759 because the President then said, oh, I'll pick Jake Clayton 438 00:27:06,359 --> 00:27:10,960 to be the permanent Director of National Intelligence. So the Senate, 439 00:27:11,079 --> 00:27:13,920 he said, hurry up and hold a hearing real quick 440 00:27:15,640 --> 00:27:19,039 for the nomination of Jake Clayton. So that hearing was 441 00:27:19,039 --> 00:27:23,079 supposed to take place today at ten o'clock in the morning, 442 00:27:24,039 --> 00:27:31,599 instead at nine o'clock this morning. The President said no, 443 00:27:31,720 --> 00:27:34,359 he didn't say anything. Jake Clayton called up the Senate 444 00:27:34,359 --> 00:27:38,440 and said, the President has asked me not to appear. 445 00:27:39,519 --> 00:27:42,240 He doesn't want me to appear, and so I've got 446 00:27:42,319 --> 00:27:45,400 to do what the President says. And the reason the 447 00:27:45,440 --> 00:27:49,119 President doesn't want Jay Clayton to appear was because the 448 00:27:49,160 --> 00:27:52,200 Senate was going to do a real fast job on 449 00:27:52,319 --> 00:27:55,720 getting him approved as the Director of National Intelligence to 450 00:27:55,839 --> 00:28:00,640 block Bill Poltie from taking office on Friday. Well, so 451 00:28:01,240 --> 00:28:08,319 after that the whole thing got canceled. Senator Mark Warner, 452 00:28:08,920 --> 00:28:12,480 who is the ranking member on the Senate Intelligence Committee, 453 00:28:13,000 --> 00:28:15,119 was well, here's what he. 454 00:28:15,160 --> 00:28:21,839 Speaker 12: Said in terms of our ability to stop Poulty unless 455 00:28:22,000 --> 00:28:24,359 my Republican friends on this one would actually say, we 456 00:28:24,440 --> 00:28:26,920 got to adhere to the law. The law on dn 457 00:28:26,960 --> 00:28:29,839 I says Director of National Intelligence says, not only do 458 00:28:29,920 --> 00:28:33,160 you have to have national security experience, but if the 459 00:28:33,279 --> 00:28:39,119 DNI is removed, the number two becomes the acting DNI. 460 00:28:39,200 --> 00:28:41,880 There is no provision to have an acting DNI the 461 00:28:41,920 --> 00:28:45,240 way the President has proposed, and the number two is 462 00:28:45,279 --> 00:28:48,599 a career intelligence professional. I didn't vote for him, but 463 00:28:49,319 --> 00:28:51,000 he's got the bona fides, and I don't think you 464 00:28:51,000 --> 00:28:56,000 would disclose secrets. His name is mister Lucas, So you know. 465 00:28:56,240 --> 00:28:58,440 I think the President, by putting Poulty in, is again 466 00:28:58,960 --> 00:29:02,160 going against the less of the law. But I'm not 467 00:29:02,240 --> 00:29:05,359 sure that there will be an action that will prevent him. 468 00:29:05,359 --> 00:29:11,039 And I don't know whether people will slow roll exposing 469 00:29:11,119 --> 00:29:15,839 him to classified information. But we we don't know with Clayton. 470 00:29:16,079 --> 00:29:19,000 He is he just getting going to get rescheduled or 471 00:29:19,079 --> 00:29:21,039 is his nomination vin polls? And I don't think Jake 472 00:29:21,079 --> 00:29:22,000 Clayton knows that either. 473 00:29:22,519 --> 00:29:26,200 Speaker 1: Yeah, so the President can basically hold Jay Clayton in 474 00:29:26,400 --> 00:29:29,240 abeyance so that Poulti has a chance to get in 475 00:29:30,039 --> 00:29:33,000 and dig into the files of our nation. Cigarettes Now 476 00:29:33,000 --> 00:29:35,640 here's the thing. Not only does Bill Poulty not have 477 00:29:36,039 --> 00:29:41,119 any experience in national intelligence, which the law requires, but 478 00:29:41,440 --> 00:29:45,400 in addition to that, he doesn't have even the security clearance. 479 00:29:46,119 --> 00:29:50,079 So Trump's going to push him into that office one 480 00:29:50,119 --> 00:29:53,160 way or the other. And that happens on Friday. A 481 00:29:53,480 --> 00:29:58,680 former CIA agent was interviewed about this today. 482 00:29:58,880 --> 00:30:00,000 Speaker 3: I've never seen anything like it. 483 00:30:00,000 --> 00:30:02,119 Speaker 13: I mean, occasionally there'll be a congressional hearing where a 484 00:30:02,119 --> 00:30:05,079 witness from outside the government doesn't show up and they'll 485 00:30:05,079 --> 00:30:07,039 put the name played up and you sort of criticize 486 00:30:07,039 --> 00:30:09,359 the guy in his absence to embarrass him. There have 487 00:30:09,359 --> 00:30:11,599 been cases where executive branch officials who have taken the 488 00:30:11,599 --> 00:30:14,759 Fifth Amendment at hearing, just a few of those. But 489 00:30:14,799 --> 00:30:18,880 I can't recall any confirmation hearing with the nominee being 490 00:30:18,880 --> 00:30:20,039 pulled back at the last second. 491 00:30:20,279 --> 00:30:23,880 Speaker 1: So this is something they haven't seen in Washington ever. 492 00:30:24,319 --> 00:30:28,119 So the question about Jake Clayton is he qualified? 493 00:30:28,519 --> 00:30:32,039 Speaker 13: So he's qualified. You know, he headed the Sullivan Cromwell 494 00:30:32,279 --> 00:30:35,839 law firm, which another CIA director Alan Dallies, had been 495 00:30:35,839 --> 00:30:38,160 a partner there. Back in the day he headed the SEC. 496 00:30:38,559 --> 00:30:42,839 Another former SEC's chairman, Bill Casey, became CIA director, and 497 00:30:43,000 --> 00:30:44,440 you know, then most recently he has been running the 498 00:30:44,480 --> 00:30:46,799 US Attorney's Office for the Southern just from New York, 499 00:30:47,039 --> 00:30:48,880 which does a lot of national security work. 500 00:30:49,079 --> 00:30:50,599 Speaker 3: So he's qualified for the office. 501 00:30:50,599 --> 00:30:53,680 Speaker 13: He said some things as US attorney which were pretty political, 502 00:30:53,720 --> 00:30:55,880 more than you'd typically get out of the Southern District. 503 00:30:55,960 --> 00:30:57,400 Speaker 3: But he's certainly qualified. 504 00:30:57,519 --> 00:31:01,359 Speaker 1: So it is fascinating to watch because once everybody pushed back, 505 00:31:01,400 --> 00:31:04,880 Republicans and Democrats pushed back on Bill Poulty, the President 506 00:31:05,000 --> 00:31:09,480 turned right around a couple days later and nominated Jay Clayton. 507 00:31:10,400 --> 00:31:13,559 We thought that was going to solve everything, but apparently 508 00:31:13,599 --> 00:31:19,200 the president's still holding out. He has said that he 509 00:31:19,400 --> 00:31:24,920 wants the Senate to pass the Save America Act. This 510 00:31:25,000 --> 00:31:28,240 is the voter ID bill and all of that, and 511 00:31:28,519 --> 00:31:32,160 it being hung up in the Senate so this is 512 00:31:32,200 --> 00:31:35,799 the President using Bill Poulty as a leverage to try 513 00:31:35,839 --> 00:31:39,119 to get the Save America Act passed that he wants 514 00:31:39,160 --> 00:31:44,480 to have done. So some hardball politics. So in some 515 00:31:44,599 --> 00:31:47,200 other news today, First of all, we got our about 516 00:31:47,240 --> 00:31:51,599 the economy May retail sales. They were up nine tenths 517 00:31:51,640 --> 00:31:54,759 of one percent for the month of May. That's almost 518 00:31:54,839 --> 00:31:58,960 double what was expected. So retail sales very strong. A 519 00:31:59,000 --> 00:32:02,319 lot of it is the higher price of gasoline. Not 520 00:32:02,400 --> 00:32:04,920 that they're buying more gas, they're just paying more for it. 521 00:32:05,720 --> 00:32:08,640 The FED meeting was held today and Kevin Walsh as 522 00:32:08,680 --> 00:32:11,960 his first meeting as the chairman of the Federal Reserve Board. 523 00:32:12,599 --> 00:32:15,200 Remember the President was putting him in because he wanted 524 00:32:15,240 --> 00:32:18,680 him to lower interest rates. Well, first meeting they held 525 00:32:18,799 --> 00:32:24,039 rate steady. The announcement from the Fed was that the economy, 526 00:32:24,839 --> 00:32:29,920 the economic activity is expanding at a solid pace, so 527 00:32:30,000 --> 00:32:32,480 they're not going to be cutting interest rates at least 528 00:32:32,519 --> 00:32:36,839 for now. So first meeting under his belt for Kevin Walsh. 529 00:32:37,319 --> 00:32:44,279 On oil and gas, the International Energy Agency today did 530 00:32:44,279 --> 00:32:47,440 their predictions about what's going to happen with oil and gas. 531 00:32:48,200 --> 00:32:54,519 They're predicting that the demand for twenty twenty six, they're 532 00:32:54,559 --> 00:32:58,480 looking at oil falling by one point one million barrels 533 00:32:58,559 --> 00:33:03,319 a day. That has been China who has been cutting 534 00:33:03,440 --> 00:33:08,200 way back on importing oil. So with some sort of 535 00:33:08,240 --> 00:33:14,519 agreement maybe with Iran, maybe their prediction will be not accurate. 536 00:33:14,519 --> 00:33:19,640 But they're calling for cut in demand for oil worldwide 537 00:33:20,079 --> 00:33:22,839 by one point one million barrels a day, and that 538 00:33:23,079 --> 00:33:27,240 next year twenty twenty seven, that we will wind up 539 00:33:27,240 --> 00:33:31,640 with oil surplus, which should mean that the price of 540 00:33:31,680 --> 00:33:36,240 oil and gas should go lower. As far as oil 541 00:33:36,240 --> 00:33:40,440 and gas goes, gasoline prices triple a four dollars in 542 00:33:40,559 --> 00:33:44,559 three cents of gallon. That's down a penny from yesterday, 543 00:33:44,599 --> 00:33:48,720 down twelve cents from a week ago, down forty eight 544 00:33:48,839 --> 00:33:53,480 cents from a month ago. But it's still a dollar 545 00:33:53,720 --> 00:33:57,599 five higher than what it was back before the war started. 546 00:33:58,200 --> 00:34:01,839 So we'll see if it goes the right direction or not. 547 00:34:01,960 --> 00:34:06,599 Oh in Luigi, the guy who's being accused of shooting 548 00:34:06,640 --> 00:34:09,559 the United Healthcare ceo on the streets of New York 549 00:34:10,199 --> 00:34:15,199 the state trial. The judge in that trial said that 550 00:34:15,840 --> 00:34:21,599 his defense is going to introduce psychiatric defense, in other words, 551 00:34:22,280 --> 00:34:26,840 insanity plea and what was he if it comes up 552 00:34:26,840 --> 00:34:29,119 with this or not, and whether it goes before a 553 00:34:29,199 --> 00:34:31,719 judge for that or before a jury, will the jury 554 00:34:31,760 --> 00:34:34,320 be sympathetic saying, yeah, the guy must have been crazy. 555 00:34:35,480 --> 00:34:40,719 But apparently his lawyers are saying that he experienced emotional 556 00:34:40,840 --> 00:34:44,760 disturbance at the time of his killing. Problem with that 557 00:34:45,840 --> 00:34:50,559 is that his writings in his manifesto book showed where 558 00:34:50,599 --> 00:34:53,519 he planned for weeks maybe actually it was in a 559 00:34:53,559 --> 00:34:56,760 couple of months to try and hunt down and kill 560 00:34:56,800 --> 00:35:01,639 the CEO of United Healthcare. So that doesn't show insanity. 561 00:35:02,039 --> 00:35:05,159 That shows that he was just playing cold blooded killer 562 00:35:05,320 --> 00:35:10,719 who was planning to kill the CEO. So Wall Street today, 563 00:35:10,800 --> 00:35:15,440 let's take a look at that. The market was doing fine. Yeah, 564 00:35:15,559 --> 00:35:17,519 I know there was the press conference at the G 565 00:35:17,679 --> 00:35:20,239 seven and all the business about Iran, but they were 566 00:35:20,280 --> 00:35:25,800 focused on the Federal Reserve meeting and that the announcement 567 00:35:25,880 --> 00:35:28,360 came out. They were holding interest rates steady. That was 568 00:35:28,400 --> 00:35:32,360 at two o'clock the dow was still in positive territory, 569 00:35:32,400 --> 00:35:35,000 not by a lot, but it was up just a 570 00:35:35,039 --> 00:35:37,760 little bit. And then at two o'clock in the afternoon, 571 00:35:38,400 --> 00:35:41,800 the market sold off and the dow went down five 572 00:35:41,960 --> 00:35:45,800 hundred and seven. The dow now at fifty one thousand 573 00:35:45,800 --> 00:35:50,679 and four, ninety two, SMP down ninety one, Nasdaq same 574 00:35:50,760 --> 00:35:55,599 story down three hundred and fifty four, Gold fell seventy 575 00:35:55,800 --> 00:36:00,440 seven dollars to four thousand and two seventy seven, and 576 00:36:00,480 --> 00:36:05,639 even oil down forty cents at seventy five dollars for 577 00:36:05,800 --> 00:36:09,760 one barrel of West Texas Intermediate crude oil. So that's 578 00:36:09,800 --> 00:36:12,119 it for today. Thank you for coming by. We'll be 579 00:36:12,199 --> 00:36:14,679 back again tomorrow. I hope to see you then