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Speaker 1: And welcome one and all to the Big Podcast on

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this Tuesday. Today is the thirtieth day of December, Year

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of Our Lord, twenty twenty five. My name is Tom Sullivan.

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So yeah, things are starting to feel like we're getting

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close to the end of the year. Like tomorrow, we've

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got oh my gosh, the NYPD and the outgoing Mayor

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of New York, Eric Adams, held a big news conference

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earlier today and they said they're going to have thousands

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of police officers in Times Square tomorrow night. They've got snipers,

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they've got dogs as the bomb sniffing dogs, they've got

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the boat patrols out in the rivers. So anyway, they're

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all geared up for It's sad, isn't it, But that's

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what they have to be prepared for, that sort of thing.

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So as we get ready to wrap up the calendar

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for twenty twenty five, there's still a lot of things

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to go over. One of them that we've only mentioned,

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we really haven't dug in. I think this is going

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to be a story that will be a twenty twenty

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six story for sure, and that is the Minnesota fraud.

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And I keep saying that it's probably as much as

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that is where the center of all this government fraud is,

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it really probably is going on in a number of

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states besides Minnesota. I look, I go back to COVID,

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and I know only because I used to live there

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many years ago. But in California they were giving away

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billions of dollars in fraud. I don't think they ever

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got it back. People that were applying for unemployment benefits

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for COVID, honey, you name it, they got it. But

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this thing is getting to be where they're going to

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go after the governor Tim Walls of Minnesota and also

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Keith Ellison, who is their attorney general, and see where

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the chips fall. But I think it will go beyond that.

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Pete Seat, who was a former George W. Bush administration guy,

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had this about the fact they're going to try to

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impeach Tim Walls.

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Speaker 2: It absolutely should pose a political threat to Tim Wall's. Look,

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this is a sophisticated orchestrated, multi year scheme to defraud

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the people of Minnesota and American taxpayers. Why it matters

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to Tim Walls is he has known about it. He

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is not denying that this fraud took place. He is

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now on defense he's in damage control mode, trying to

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say that he's done his part. He tried to do

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something about this. He clearly didn't do enough. I think

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we're up to ninety two people who have been charged

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with crimes. Now something like sixty or seventy of them

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have been convicted, and he is going to face a

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political reckoning, whether that is having to resign, being forced

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to resign, or finding himself in a really really difficult

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reelection campaign next year.

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Speaker 1: So what you heard there was they've been prosecuting people

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and finding him guilty and putting him in jail for

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a few years anyway, So this isn't something brand new.

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And so Tom Emmers is the congressman from the Minneapolis area,

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and Jason Shavitz, who is a former congressman from Utah

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who's retired, well, he resigned from Congress. He's now trying

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to be a Fox announcer. He's on as a guest

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speaker every so often, so he's filling in for somebody

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because of the holidays, and he has Tom Emmers on

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to ask about all of this fraud in Minnesota. And

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I'll set it up this way, if you think about it,

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listen to the interview that Shavits has with Tom Emmers,

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and you would think that Tom Emmers it would dawn

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on him. Maybe he's not that bright, but I mean

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he he's been a member of the political party, political

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class in Minnesota for a number of years, and he's

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acting like, well, the politicians in Minnesota need to be

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responsible and he's one of them. Did he not notice

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any of this going on as a representative of the

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people in one part of Minnesota? And in this interview,

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listen because Jason Shavin's will well, I'll set this. Listen

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to the first part and then Jason Schaffin's basically asked

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him what I just told you is, why didn't anybody

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from Congress wink wink you do anything about this?

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Speaker 3: Look, he should resign. He's a total embarrassment. Jason, it's

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great to be with you. I it wasn't that long

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ago that we served together, So again, happy for your

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success on this deal. Tim Walls, you look at Nick Shirley,

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you were reporting on his video, Jason, Nick Shirley found

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more fraud in one day than Tim Walls has found

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in seven years. It's absolutely criminal what's been happening. Not

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only is it the two hundred and fifty million dollars,

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largest pandemic fraud case in the country. But you're dealing

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with housing stabilization fraud. They created this program back in

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twenty twenty, Jason. It was two million dollars a year.

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That's what the estimate was. Guess what. They shut it

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down last October after they'd sucked out one hundred and

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sixty one million dollars, and it was shut down because

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of fraud. You're talking about childcare centers. There's autism. Eighty

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autism centers are under investigation. And on the Somali issue,

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all right, not all Somalis are criminals, I'll give you that,

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but ninety percent of the people being charged with these crimes, Jason,

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are from the Somali community. Tim Walls and our former

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colleague who's now our Attorney General, Keith Ellison, have looked

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the other way for seven years and allowed billions of

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dollars of Minnesota tax payer money to be built out

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of Minnesota, and frankly, a lot of it has gone

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back to Somalia, to El Shabbah, the terrorist organization in Somalia.

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Speaker 1: I'm listening to him and he's blaming all the politicians

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and a lot of this was federal money that came

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from Washington that went to Minnesota. I'm sure he was

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out at parades and other political events saying, look a

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look at look what I got for you, all this money,

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he said. Everybody kept looking the other way. What about him?

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He's a major politician in the state of Minnesota. It

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just so happens he'd be a congressman. So his office, Yes,

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he has an office in Minnesota, has an office in Washington.

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Speaker 3: D C.

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Speaker 1: But he is so politically bent that he forgets that

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instead of blaming the Democrat politicians, he was a politician

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and still is a politician in Minnesota. Listened to the

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way that Jason Shavin's basically goes, well, weren't you slash

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Congress supposed to be watching over this money?

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Speaker 4: Congressman? Though, I got to say candidly, it begs the

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question about Congress because if this has been going on

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for seven years, and the FBI director Cash bettellas that

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has been going on, why does the United States keep

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funding it? Why does the United States Congress? How come

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they're not using the power of the purse to say no,

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we had the first case, you're not going to get it.

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Speaker 5: But you know what, when you do.

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Speaker 4: Continue resolution, after continuing resolution, billions of dollars kept going

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to Minnesota.

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Speaker 3: Why the Republicans in the House, and I would argue

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the Senate, although I serve in the House would agree

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with you, Jason. It's one of the reasons that in

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the Working Families Tax Cut Act, also known as the

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Big Beautiful Bill, we started to put some serious reforms

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on Medicaid because we know that states are abusing it,

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and we also have known about this fraud issue. I

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got to tell you, Jason, we've been trying to sound

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the alarm on this for the past three years. It's

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just been growing exponentially. It actually took our President Donald J.

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Trump to bring the issue national attention before anybody started

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reporting on it. So thanks to you and others at Fox,

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and thanks to the other outlets that are actually finally

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shedding light on this and even Nick Shirley, over one

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hundred and ten million people have already viewed that video.

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Speaker 4: And I think there are people. Look, they're living in

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Minnesota save Rochester, and they're getting by on a Social

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Security check that's eight hundred, maybe one thousand dollars a month.

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I guess it begs the question, why is it that

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Nick Shirley, in like one visit, can go figure this out?

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And why is it the next day somebody in handcuffs

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that we're going to sick hundreds of thimes. We had

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Department of Justice one hundred and ten thousand people, Homeland

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Security two hundred and forty five thousand, Health and Human Services,

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hundreds of thousands of people, and you got one dude

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who's in its twenties who can go figure this out.

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And nobody understands why the next day these people aren't

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arrested and charged with a crime.

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Speaker 3: Look, this has been going on for a decade. We

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tried to address this problem. When I first got to Congress,

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I was working with now the Attorney General, Keith Ellison.

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We recognized almost immediately that they were not sincere about

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assimilating into our communities and following the laws Jason. So

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we started back in twenty fifteen sponsoring a law that

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would require the Congress to have oversight over refugee resettlement

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instead of the administration. We followed that up in twenty

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sixteen trying to defund Homeland Security from using taxpayer dollars

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to bring Somali immigrants to this country without being vetted

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by the FBI and the Director of National Intelligence. And

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we've been sending letter after letter trying to raise the

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flag on this thing. Finally it's getting reported. The US

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Attorney in Many in Minnesota estimates this fraud Jason could

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go to nine billion dollars in Minnesota. And if it's

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happening here, it's happening in other places as well.

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Speaker 1: Well, I'll give him that. I suspect it probably is

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happening in other states as well. But I still keep

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going back to and he's, you know, fine, he doesn't

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like the Somali's and he's trying to do so. He

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says it's been going on for ten years. If he

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knows it's been going on for ten years, and he's

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been in Congress for most of that period, why hasn't

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he done anything. He's blaming the governor, he's blaming the

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attorney general. And I'm sorry, but his excuse is about, well,

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I've been working on this. Obviously. Tom Emers is not

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the brightest guy in town to go on national television

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and brag about how he's been watching this for ten

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years when he was able to do nothing. There's more

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to this. By the way, here's a woman who runs

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what she run. Her name is Tiki Brown, and she

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runs the Minnesota Department of Children, and she says the

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payments are still coming.

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Speaker 6: Each of the facilities mentioned in the video has been

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visited at least once in the last six months as

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part of our typical licensing process. For the current childcare

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centers that have been named in the video, we have

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not paused. There isn't a current pause on any of

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their payments. As we gain more information from the folks

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that are out visiting today and gathering additional information, that

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may change, but currently there is no pause on any

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of the those individual centers.

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Speaker 1: Yeah, so they check on these places every six months,

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but for some reason, the payments haven't stopped them and they're

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they're looking into it. That's what they're doing there. They're

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looking into it. In meantime, the payments are still coming

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from Washington to Minnesota or these fraudulent outfits. Jonathan Turley

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as this comment.

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Speaker 7: Well, this surge of federal resources into Minnesota is going

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to help a great deal.

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Speaker 3: You know.

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Speaker 7: The fact is you can't have this extensive level of

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alleged fraud without interstate criminal activity. Most of this is interstate.

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They're using wires and phones, and they're transporting out of state,

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So the Feds have a basis go in there. In

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addition to the fact that some of this is playing

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with federal money. You know, if Minnesota wants to burn billions,

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then do that, if that's what they want to do,

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but they can't do that if it's a federal crime.

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And they sure can't do that with federal money. And

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when Governor Wall says, well, you know, I've been trying

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to get more authority. Fraud's been illegal for a long time.

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I mean you've been probably and there have been some

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prosecutions in the past. This isn't a lack of authority.

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This appears to be a lack of interest, impulse, a

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lack of effort by state regulators and prosecutors. So we'll

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see what the Feds come up with here. But Minnesota

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is really looking at a mountain of hurt coming down

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on him because this is getting worse by the day.

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Speaker 1: Yeah, totally's got it right that everybody said, oh, I

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need more authority. Remember Joe Biden said he needed more

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authority to control the border and wasn't necessary. Donald Trump

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got the border controlled in no time. But everybody's pointing

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the finger and nobody's doing anything about it, and the

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money is still going, still going to these fraudulent operations,

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and nobody is such classic government politician behavior. They're just

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not curious about it. And yet this they keep referring to,

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this Nick Shirley, who his video has one hundred million

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views and he's a twenty year old kid, and he said,

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in these people on his video, anybody can see the

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rampant fraud going on in Minnesota. So he got a

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camera and went around in video the fraud. So why

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did the governor not know anything about this? Or the

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attorney general or I mean, go down the list, the

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mayor of Minneapolis, the Congressman Tom Emmers, pretending like it's

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all the smalies they're terrible. Well they probably it is

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the smallies, a lot of them. But he's trying to

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wash his hands by blaming somebody else. I don't think so.

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So speaking of crazy politicians, well, we don't know yet.

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We'll give the guy a chance, but I'm I'm concerned.

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The Zoran mom Donnie will be the mayor of New

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York at twelve one am on January first, they are

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going to have a ceremony I don't know, in the

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middle of Yeah, it's in the middle of the night.

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Letitia James, the Attorney General of New York State, will

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be the one that will handle this wearing inn of

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Zoran Mondanni. Then they're going to have I don't have

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the time on it, but later when everybody is up

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and around, they're going to have a big party. And

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the person who's going to introduce mom Donnie to the

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people will be none other than aoc And then so

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she's kind of the lead off to get the thing going.

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And then the person that will actually introduce Soron Mondami

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as the new mayor of New York will be none

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other than Bernie Sanders. So it's all Socialists all the time.

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And that it kicks off on January first. Harry, who

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looks into lots of different things. I find him interesting.

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He's very good at what he does. And he said, ma'am,

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Donnie is more popular now than ever, but he hasn't

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started governing yet.

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Speaker 8: Look, if we look at how New Yorkers, New York

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City folks a feeling about Zoro Mandani, look at this,

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up like a rocket, higher and higher, as Jackie Wilson,

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a great singer, used to say, right, Mamdannie's net Faber

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rating in New York City in September it was plus

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fourteen points. Look at where we are now plus thirty

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eight points. That's a climb if you do the man quickly,

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right with me? Right here is thirty eight minus fourteen.

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That's a rise of twenty four points in the positive direction.

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As I said, up like a rocket. New York City

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voters have never felt better about the man that they

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elected to lead this city. Come twenty twenty six, he

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is quite the popular dude right now. Yeah, okay, so

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right now, you know we're talking about the honeymoon period

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right for Zarram Mamdani very much on the Jackie Gleeson

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State of Mind and another show that was based in

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New York City and net favorit rating. Let's look at

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New York State. Right, you have New York City and

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then you wind it out to New York State. Right,

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a lot of Republican state. Why we're hoping to run

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against Zoramndan. But look at this, zero Mandani plus fifteen

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points on the net FAVORUEB rating statewide. That's I believe

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the highest it's ever been.

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Speaker 1: So Mondani promised all kinds of things. He said, universal childcare, freezing,

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increases in rent, stabilized apartments, fast and free city buses,

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and five city controlled supermarkets. So how do the people

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feel about that?

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Speaker 8: This was a very controversial, very controversial thing. But look

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at this. New York City voters on free buses by

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taxing millionaires and billionaires more. Look at this, fifty percent

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supported in New York City compared to forty one percent

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who oppose it. Now here's the key thing, right, we're

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talking about millionaires, billionaires. The whole idea, will there be

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this rush of billionaires to leave New York? Will there

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be this rush? Well, take a look at the prediction

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market the chance at eight or more billionaires leaving New

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York City by the middle of next year. Look at that,

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it's just twenty one percent high. It is not very high.

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What we're seeing is that people who are putting their

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money where their mouth is think that the billionaires are

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full of this. They're full of talk, but they're not

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going to be able to walk the walk.

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Speaker 1: So this isn't unique to New York City. I keep

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track of what's going on. In my hometown of Seattle, Washington,

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and the state of Washington, for the if, they have

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had no income tax, and now they're proposing a new

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income tax for people that are millionaires. And in the

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state of California, where I live for a long time,

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there's a proposal for a wealth tax in the state

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of California. And all of these proposals come with the

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caveat that all people of the wealthy will leave, and

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then the status sticians come along and say, nah, they

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really don't. They won't leave, So we'll see what happens.

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But this has always been I've talked about this forever.

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Taxing the wealthy is a very popular item. Whenever people

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were asked, do you want to tax the wealthy more?

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The answer is a heavy yes. I don't because most

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people are aren't good, don't They don't think they're wealthy,

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so they're willing to tax the other guy. But the

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fascinating part about it is when you start taxing the wealthy,

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somehow that tax works its way down into the not

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so wealthy. But that's what's going on New York, State

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of Washington, and also the state of California. All getting

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their grubby little tax hands already for more taxes on

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the rich. So in other news, Tyler Robinson, the guy

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that has been charged with shooting in killing Charlie Kirk,

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has had a hearing a couple days ago, and in

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that particular hearing, the judge released some of the closed

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door transcript because they were doing things behind the scenes.

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And here's a little reaction to I mean this. I

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know that he needs his day in court, and that's

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the way our system works. But this is such an

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open and shut case. There is no question that he

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shot and killed an innocent man, Charlie Kirk, but they're

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going to drag this thing out for a long time.

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Here's the judge in the case being super duper careful.

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Speaker 9: The court need not seal the entire transcript and audio

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of the October twenty toward twenty twenty five hearing to

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protect the safety interests of all those involved. Redocting selective

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court selective portions of transcript and the audio that referenced

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security measures will serve safety interests while allowing for as

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much public access to the remainder of the record as possible.

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Speaker 1: So, in other words, they're going to release a lot

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of the transcript and a lot of the audio, but

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not all of it. And they're doing this silly business

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about they can't have any video or photos of the

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guy in shackles, but they have him in shackles, and

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the jury can see that he's going to well well,

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and the jury's selected that they will see him in shackles.

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So it's a weird dance that the court is going

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through for a guy that is clearly, clearly, clearly guilty.

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I know he needs a day in court, and I

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know that he wants a trial by jury. He's entitled

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to that, but it just seems odd to me. Paul Morrow,

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former NYPD guy ways in so far he seems to

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be quite deliberative. He's trying to take all the equities

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in play. He's being very transparent with his own reasoning.

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He's laying it out.

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Speaker 10: Because look, in courtroom, anybody's been in the courtroom dealing

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with a judge, they have what's called plenary power. They

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run the show. He can just give a statement and

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that's it. He's making sure he's telegraphing to everybody. I'm

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considering your concerns. He's very aware, clearly of all the

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scrutiny that's on this case. I was out there from

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you know, you can feel it. There's all the media there,

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et cetera. There's another player in this though, aside from

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the two sides of the case, is the media, and

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the media is who's pulling at this and wants the transcript,

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wants the audio. That's a consideration the judge has to

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take into account here as well, And so he's making

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it clear that he's going to do everything he can

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to thread this needle to make sure the case holds

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up on appeal, that it's a fair hearing for Tyler Robinson,

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that the public gets to hear as much of this

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as he can do. I think all of this augurs

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that he is going to allow cameras in the courtroom

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to some degree, and maybe a pro described feed that

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only captures certain areas, going to make sure you don't

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see the jurors, et cetera. And there's actually an internal

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sort of tension in this already because he has said

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that Tyler Robinson can appear in the street close but shackled,

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but at the same time he has said you can't

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show him shackled. So the media is going to have

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to thread that needle because if he's shackled below he

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goes to scratch his face, you're going to make sure

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you cut the feet. So there are all these things

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blowing through this, and it's the judge's job to make

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sure this whole three ring circus goes smoothly.

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Speaker 1: That's what it will be, a three ring circus. It's

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going to be a circus. And don't you find it

391
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to be kind of ghoulish? Oh, let's get all the

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details about the the murder of Charlie Kirk. I think

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we know we all. I mean, if you didn't see

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it live, you could you can see it on take

395
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your pick online where you can go watch Charlie Kirk

396
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be murdered. So what more do you need have? Give

397
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the guy his day in court and send him away.

398
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Another hearing that is going on, which also is just

399
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the opposite this. This is the DC bomber guy, the

400
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guy they wanna be DC bomber guy, the guy that

401
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took him five years but they found him. And congratulations

402
00:25:20,240 --> 00:25:23,039
to Dan Bongino. When he was he's going to be

403
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leaving the FBI next week, but this was his baby.

404
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He was going to find out who that guy was

405
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and he found out that it's this young man who

406
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is autistic, and well, one argument is, well, he hasn't

407
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harmed anybody in the last five years, so what's the

408
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big deal. Well, here's Joey Jackson, big criminal defense lawyer

409
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weighing in.

410
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Speaker 5: What happens is that initially, you know, when he was

411
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interviewed by investigators, denying everything and then ultimately went into

412
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and spoke with them. Any defense attorney, you're going to

413
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challenge the statements. You're going to challenge the voluntary nature

414
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of the statements. You're going to challenge whether or not

415
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he waived the right to counsel, whether there was a

416
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goodsodial interrogation, etc. But I think the fact that there

417
00:26:14,319 --> 00:26:17,880
is a you know, potential autism there or a mental

418
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state that could be altered in some way, that is

419
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certainly going to be challenged at the end of the day.

420
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Though it's not only about the statements, which are very important, okay,

421
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very important, because they go to motive. They go to

422
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his disillusionment with the election, his disillusionment with both parties,

423
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his disillusionment Sarah with who's in charge. But you have

424
00:26:35,079 --> 00:26:37,839
to remember that in addition to statements, there's other evidence

425
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which is very compelling, like what like the fact that

426
00:26:40,640 --> 00:26:44,599
they found components of pipe arms in his home pursuing

427
00:26:44,680 --> 00:26:47,279
to a search warrant, like components of pipe bombs in

428
00:26:47,319 --> 00:26:49,960
the car, and like the tracking of him over the

429
00:26:49,960 --> 00:26:52,640
course of time. This was a five year investigation, So

430
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statements are always valuable to an investigation, but there's often

431
00:26:56,119 --> 00:27:00,640
other information which buttresses the real you know, the nature

432
00:27:00,640 --> 00:27:02,319
of the case, the value of the case, and the

433
00:27:02,359 --> 00:27:05,160
weight of the case that investigators have against yay Buyer's

434
00:27:05,160 --> 00:27:07,720
remorses doesn't really help you. The fact is is that

435
00:27:07,880 --> 00:27:10,599
prosecutors are saying that they did not go off. These

436
00:27:10,599 --> 00:27:14,839
devices predicated upon luck, not predicated upon intent. They were

437
00:27:14,839 --> 00:27:17,559
set there, they were set for sixty minutes, and you know,

438
00:27:17,680 --> 00:27:20,640
now he's really sorry about that, and you know he

439
00:27:20,680 --> 00:27:22,960
should be. But the fact that they didn't go off

440
00:27:23,000 --> 00:27:25,640
and he now you know, seems to be somewhat apologetic

441
00:27:25,640 --> 00:27:28,960
about that, is not going to really enhance his chances

442
00:27:29,160 --> 00:27:30,839
at trial. It's all going to be about the facts

443
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and the evidence. And remember he's facing up to twenty

444
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years as a result of this alleged transgression.

445
00:27:36,799 --> 00:27:39,640
Speaker 1: So let's see, if you commit a crime, and you say, well,

446
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I actually am autistic, so therefore you should let me off.

447
00:27:44,359 --> 00:27:46,559
I don't think that's going to work. But there's another

448
00:27:46,799 --> 00:27:51,599
angle to this. Here's Ellie Honig responding to the question

449
00:27:51,680 --> 00:27:55,720
about since President Trump gave a pardon to everybody that

450
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was involved with the jan sixth event, riot, whatever you

451
00:27:59,720 --> 00:28:03,279
want to call it, what was this guy part of that?

452
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Part of that pardon.

453
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Speaker 11: So this is so interesting to watch for this, it

454
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would not surprise me to see this defendant, mister Cole,

455
00:28:09,720 --> 00:28:11,839
his lawyer, argue at some point that he should be

456
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covered by Trump's pardon of all the people related to

457
00:28:14,920 --> 00:28:17,200
January sixth. If you look at the pardon, it says

458
00:28:17,200 --> 00:28:20,599
it applies to anyone who is convicted of offence's honor

459
00:28:20,640 --> 00:28:24,400
about January sixth around the Capitol building. Right now, the

460
00:28:24,559 --> 00:28:26,759
argument is going to be from the defense team, Well,

461
00:28:27,079 --> 00:28:28,960
he had the same purpose as the people who stormed

462
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the Capitol. They all believe the election was stolen. He

463
00:28:31,319 --> 00:28:33,480
plants the bombs just a few hundred yards away from

464
00:28:33,519 --> 00:28:36,240
the Capitol grounds at the RNC and DNC, and he

465
00:28:36,279 --> 00:28:38,559
did it just hours before the attack. I think the

466
00:28:38,599 --> 00:28:42,039
response from prosecutors will be that's not what this pardon means.

467
00:28:42,079 --> 00:28:44,440
First of all, he's not been convicted yet. But second

468
00:28:44,519 --> 00:28:47,039
of all, the clear intent of the president when he

469
00:28:47,079 --> 00:28:50,160
issued this pardon on day one, January twentieth, twenty twenty five,

470
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was to pardon people who had been convicted up to

471
00:28:52,839 --> 00:28:55,240
that date. But you know who can clarify all this

472
00:28:55,279 --> 00:28:58,039
as Donald Trump. Look, if Donald Trump meant to pardon

473
00:28:58,519 --> 00:29:00,839
someone in this position, he can come out and issue

474
00:29:00,880 --> 00:29:03,240
a pardon for Brian Cole today if he wants, and

475
00:29:03,279 --> 00:29:05,839
if he did not intend for his parton to apply

476
00:29:05,920 --> 00:29:07,759
to future cases, he can come out and say that

477
00:29:07,799 --> 00:29:09,640
as well. But I think it's a long, short argument,

478
00:29:09,680 --> 00:29:11,960
But I think it's an interesting one, and I do

479
00:29:12,079 --> 00:29:14,920
expect mister Cole's lawyer to raise it at some point.

480
00:29:14,960 --> 00:29:15,799
Speaker 2: So you called it first.

481
00:29:16,240 --> 00:29:19,640
Speaker 1: Yeah, So this guy Cole, the guy who planted the

482
00:29:19,680 --> 00:29:25,160
two bombs that did not go off. He's confessed by

483
00:29:25,200 --> 00:29:27,759
the way that yep, it's me, I did it. And

484
00:29:27,839 --> 00:29:30,160
the reason he says that he did it was because

485
00:29:30,240 --> 00:29:34,799
that he was very upset and concerned about the legitimacy

486
00:29:34,839 --> 00:29:39,440
of the twenty twenty election. So will he fall under

487
00:29:39,519 --> 00:29:42,000
the pardon that Donald Trump gave to everybody that was

488
00:29:42,039 --> 00:29:48,079
involved in jan six. We'll have to wait and see. Meantime,

489
00:29:49,240 --> 00:29:53,000
we did get minutes from the last Federal Reserve Board

490
00:29:53,039 --> 00:29:57,200
meeting today, and in that they said that interest rates

491
00:29:57,200 --> 00:30:02,079
could be on hold for some time. There was a

492
00:30:02,119 --> 00:30:05,440
real split about dropping interest rates the last time around,

493
00:30:06,000 --> 00:30:12,359
and so now they're talking about maybe leave interest rates

494
00:30:12,359 --> 00:30:16,519
alone for quite some time. But before the next meeting

495
00:30:16,720 --> 00:30:21,880
comes around. President Trump said today he will repeated what

496
00:30:21,920 --> 00:30:24,279
he had said earlier. He's going to announce a new

497
00:30:24,799 --> 00:30:28,400
FED chairman sometime in January. We don't know if it's

498
00:30:28,880 --> 00:30:31,319
the first or the thirty first, but we'll have a

499
00:30:31,319 --> 00:30:35,319
new FED chairman coming along. On all of that, well,

500
00:30:35,359 --> 00:30:38,519
I should clarify the name of the new FED chairman

501
00:30:38,559 --> 00:30:43,440
will be announced. J Powell's term goes until I forget

502
00:30:43,480 --> 00:30:46,440
the date, but it's early May, so he'll still be

503
00:30:47,839 --> 00:30:50,559
kind of there. We'll see how they worked that out

504
00:30:50,599 --> 00:30:55,680
between the new FED chairman elect I guessed or announced

505
00:30:55,839 --> 00:30:59,319
and the current chairman who will stay in power for

506
00:30:59,440 --> 00:31:07,400
a while. Wall Street today market was slightly negative. Dow

507
00:31:07,480 --> 00:31:12,200
Jones Industrials down ninety four to forty eight thousand and three,

508
00:31:12,319 --> 00:31:18,480
sixty seven SMP down nine Nasdack down fifty five. Gold

509
00:31:18,680 --> 00:31:22,000
after a bag drop yesterday, came back up a little today,

510
00:31:22,039 --> 00:31:26,400
up up twenty dollars to forty four thousand and three

511
00:31:26,480 --> 00:31:30,119
sixty four, and oil was down just a few pennies.

512
00:31:30,640 --> 00:31:33,920
That fifty eight dollars for a barrel of oil. So

513
00:31:33,960 --> 00:31:36,720
that's it for today. Thank you for coming by. We

514
00:31:36,799 --> 00:31:40,359
will be back again tomorrow New Year's Eve. Oh yeah,

515
00:31:40,519 --> 00:31:42,880
we'll be here. Hope to see UoS wall