Speaker 1: And hello, how are you on this Friday? Yesterday's the
twelfth day of June, Year of Our Lord twenty twenty six.
My name is Tom Sullivan. We got a lot to
go over today, I mean it all. It's still kind
of reverberating from what went down yesterday. And what went
down yesterday was the big switcheroo where the President was
going to declare it in the morning that he was
going to be really hitting Iron hard with bombs, military strikes,
and by the afternoon he says, nevermind, No, that's canceled.
We've got ourselves in an agreement. And it was a
real head snap to kind of go what And the
other problem with is that the President has on numerous
occasions said oh yeah, yeah, yeah, we're really close, and
never turns out to be the case. So we'll cover
that today. We've also got the FISA renewal section seven
oh two, where we can spy on foreigners supposedly. I
will get into that. And the biggest IPO initial public
offering stock offering ever happened today. SpaceX went public one
point seven almost one point eight trillion dollars of a
public offering, and that makes Elon Musk the first trillionaire
in the world. So we've got all that to cover today,
but let's start with all the questions about this agreement
and what is it and what does what what does
it encompass. It's it's a real question mark. I mean
it's Wall Street Journal has a headline about the fact
that the deal still has to get past the Revolutionary Guard,
that the hardline security officials are more concerned with denying
us a victory than withinding the war, and so the
i RGC, the Islamic Revolutionary Guard Corps, has yet to
sign off on this preliminary deal, so it's not done.
But the President has said that tomorrow or over the weekend,
probably Sunday, that Vice President Jeddie Vance is going to
be going to didn't say where, but the word is
that it's going to It's scheduled for Geneva on Sunday
for a signing ceremony.
Speaker 2: It will officially open as soon as we sign which
could be soon, very soon, maybe over the weekend, and
you'repe I will be able to be there, but JD
will be there Vice President and some of the people, Yeah,
Steve Woodcuff did a great job, Jared, Why.
Speaker 3: Are you so convinced that this time is different.
Speaker 2: Because they've taken a pounding. They've taken a pounding like
very few people could take, and they want to make
the deal a lot more than I do. And we
could have had it done the other way, I guess,
but it would have taken longer.
Speaker 1: Okay, So he's saying that the spray of horror moves
will open when this deal is signed, and that JD.
Vance is going to sign it this weekend. The word
again is Geneva on Sunday, so that will be the
first test to see. All right, if it's open, then
let's see what happens with the shipping that's going in
and out of the straight or war moves. General Jack Keane,
you know what he has been professing. He wanted he
wanted the military to finish their mission. The President cuts
that short. So he would still like to see a
military solution, but he knows that you've got to say
yes to the commanding officer, and that is the commander
in chief.
Speaker 4: No, well, I think it remains to be seen where
we are. I mean, you can tell from Iran. I
mean that the comments are always inconsistent when it comes
to a deal. You got people saying they're complying. You
have other people in the government saying they're not. So
it's going to take some time to ferret out what
we really have here. But listen, we're not at this
point without the military operation that President Trump ordered. He
knew he wasn't making much progress with these guys, and
two nights a military operation with the promise of more
to come, I certainly gave them added leverage. And I
think as we go forward, we're in early stages here.
Remember it's taken us two months to get here after
the ceasefire when the Iranians said they were going to
negotiate the opening of the Straits of a Moves in
two weeks. So we have to have some patience in
what we're dealing with here, and we have to be
very clear right about what's happening, because what the Iranians
say and what they do are two different things. Witness
the violation of the ceasefire as you just mentioned last night,
and how much of that they have been violating for
weeks in the Straits of a Moves attacking US spaces,
and what they've done in unleashing Hesbalah in Lebanon is incredible.
Under the guise of a ceasefire, two thousand plus rockets
and drones fired into northern Israel force in the evacuation
of the towns. And by the way, while we're on
that subject, I hope we can work into this deal
and exclusion so that Israel can still deal with Hesbela.
The major lesson learned from nine to eleven was we
cannot permit our adversaries to have sanctuaries from where they
can attack us again, and that was enforced in Iraq
and Syria and also in Eastern Africa. The reality coming
out of October seventh is you cannot have proxies on
the border with the capability to attack Israel again. And
that's what Hesbela has right now in Lebanon, and they
should not be a part of this cease fire. Israel
has got to be able to deal with that capability.
Speaker 3: On its border.
Speaker 4: Why because under a cease fire, what happens Hesbela continues
to attack. That's what we have seen. But going forward
here the administration is clear eyed and who they're dealing
with here. They know these guys lie and they know
they cheat, and listen what Iran wants here is they
want to get money so that they can recover their regime,
and believing no matter what they sign as a final deal,
at some point they will do everything they can to
reverse it. That is who they are, and that is
predictable negotiation.
Speaker 1: Know that.
Speaker 4: So what we have to bake into the deal is
the prevention of their ability to reverse a deal post
Trump presidency. That's where we got to be if we're
going to have something that's enduring here.
Speaker 1: Well, he clearly wants the military, the military status solved.
The problem with the military would be to take the
regime out. And we're doing a business with people that
lie in sheet according to the General others, and you
can't trust them. So I don't know why we're even
signing an agreement with them. You want to put together
a betting pool on how long it will be before
whatever agreement is signed is broken. The agreement into the
President is three different buckets. The first bucket is the
straight of Ormus that it must reopen immediately without any tolls,
that it will return to pre war shipping volumes within
thirty days, that the US blockade is lifted, and that
Iran receives temporary sanctioned waivers to sell oil for sixty days. Huh.
So they're going to get a waiver, just a temporary
one though, for sixty days. Then the second bucket is
the ceasefire, that this agreement will extend the ceasefire that
supposedly has been Now we haven't that the ceasefire has
died weeks ago, but they're still pretending that there's a ceasefire.
So this agreement will extend the ceasefire for sixty days,
including in Lebanon, where nuclear negotiations are held. So they're
going to tie up Israel and say you can't you
can't have any firing back and forth with hisbe Lah.
And then the third bucket is the nuclear program, and
what the agreement is simply a framework for addressing the
enriched uranium stockpile in Iran. And so all this agreement,
if it gets signed over the weekend, all it does
is open up yet another sixty days of negotiating, which
is what we've been going through and calling it a ceasefire.
So I don't know. General Keen basically said that this
deal is where we are because there's people that don't
have a spine.
Speaker 4: Well, there's a lack of spine, and then that's the
truth of it. Except for the UAE, they're all in.
And the reason is pretty simple. They fear Iran. Ever
since the Straits of Moves got closed. They feel there's
some obligation there with Iran going down the road. And
the second thing they fear is Iran's ability to retaliate
against the oil and gas infrastructure. Despite the fact if
you gave Admiral Cooper and Senmcom the mission to help
defend them like they are doing with Israel, because they
asked to help to be defended, we could do that,
and we could take away their missiles and drones that
they use. I mean, we've been watching where they're doing
with both of those missiles and drones for two months now,
and we have the capability to do that. But those
Gulf states don't accept that. They're the ones that pressure
the administration to shut down Project Freedom. Remember Project Freedom
was opening up the Straits of Moves and creating a
lane for them to pass through. And when the President
was getting close to reattacking about ten twelve days ago,
they also came forward and said, well, we can deal
here the problem we have with them is ever since
Iran's shut down the straits and moves, they fear what
they're going to continue to do with controlling it, and
they fear retaliation. And that is why we need the
President to help take their fear away. We got the
structured this deal so that it truly can be enduring,
and it's not a vehicle just to provide a temporary solution.
It's got to be something that lives beyond the Trump presidency.
Speaker 1: Well, color me's skeptical, but I'll wait and see what
this whole thing turns out to be. I'll tell you
who is skeptical, the CIA guy, Dan Hoffman. Here's Dan Well.
Speaker 5: I think if past is prologue, then we're looking at
another Yogi beara Deja vu all over again scenario. There
are three components of US leverage over Iran. The highest
priority I think for Iran to deal with it's our
military strikes. They're causing massive damage to Iran's weapons of
mass destruction, not to mention decapitating their leadership. Then you've
got sanctions and the blockade, which are of concern but
lesser concern to the Iranians.
Speaker 6: What we've seen so far is the.
Speaker 5: United States has launched some strike since the ceasefire in
early April, but we've also threatened to launch massive strikes.
And then when the Iranians offer to negotiate, albeit with
very hard line terms, we back off. We hold off,
and then we negotiate until what's clear that Iran isn't
serious about the negotiations, and we get back to the
threats again. So the question is whether this time is
any different. I'm quite sure that President Trump is pulsing
the Intelligence community. Director of CIA Ratcliffe engaging with CIA
sensitive sources to determine what's really going on in Tehran.
If you listen to their foreign ministry, they are making
maximalist demands that I think would not be agreeable to
the Trump administry.
Speaker 1: Yeah, there's still so much to learn about this deal.
But dan Hofman also pointed out that we could have
taken out the regime, but we decided to go the
diplomatic rome.
Speaker 5: Well, one way we could have done it was when
we had our boots on their throats back in early April,
we went to the ceasefire route. There were many who
argued that we should have just simply finished the job
and led to regime change. Real regime change rather than
the current regime. We have in power, these IRGC hardliners,
whom we all agree we can't trust. We have to
be careful about not giving up any of the leverage
we have. We can't give Iran any sanctions relief or
or stop the blockade, or I believe, stop the milit
the risk the threat of military strikes unless we get
exactly what we want with verifiable with some verifiable means
that Iran is sticking to the deal. That means inspections,
That means getting the highly enriched uranium out of you,
out of Iran. And remember too, hanging over all of
this is the JCPOA from which the Trump administration withdrew
in the first administration. We need to get a better
deal for all the blood and treasure we've spilled. We
need to be getting a better deal than that.
Speaker 1: Well, listen, jc P away, the Obama deal, whatever you
want to call it. They kicked the can down the
road and deferred it to somebody else. So here lands
in Donald Trump's lap, and so he thinks, so okay,
I'll solve this. But he did not have the stomach
to go ahead and get the regime out of there.
He stopped the military and there's Dan Hoffman saying, we
could have taken them out, but we did not. And
now President Trump is all worried about the fact that
his deal is not going to be much better, if
at all, then the Obama deal, and that would drive
him crazy. But I'm telling you this from where I
sit watching what's going on and reading everything I can
about the negotiations and the proposed deal. This is also
kicking the can down the road to somebody else. They
are going to violate whatever it is that we sign
with them, and it will just create a problem down
the road. David Rhade, reporter, NBC. He's also looking at
this as just a bunch of people spinning.
Speaker 7: Both sides are spinning to make a long story short.
And I know you folks talked about earlier. I talked
to a diplomat in the region who's got knowledge of
some of the negotiations. They pointed to sort of the
American version of the deal. This is a diplomat very
close to the US, which is largely what was reported
in by Barockravin and Oxios, which talks about some sort
of deal and the nuclear things. The important thing here, though,
is that there's a completely different version that's come out
from the Iranian Ministry of Foreign Affairs. Key issues that
remain and resolves that the Iranians are claiming that there's
an agreement that at least half of the twenty four
billion in frozen assets that are on want are going
to go back to Iran. That is politically deadly for
President Trump. The Iranian version says they're going to reopen
the Straight of Horror moves and it says here with
Iranian arrangements, does that mean the Iranians still control the
Straight of Horror moves? And then on the actually on
the uranium that the President says, it's so important for
the US to get hold of the enriched uranium, it's
amazing that the axios ers in the American version says
the president has agreed that it can be down blended
to a lower enrichment level and stay in Iran. That
is what was offered to the United States, if you
believe in the Omani Foreign Minister and other sources who
were there, that's what we were offered before the war.
And for Iran to maintain to have that stockpile in
its country is a huge concession. By Trump and another reason,
hell of a hard time selling all this. And just lastly,
if there is a deal again, one side says it
could be this weekend. It sounds like they're far away.
According to the Iranians, it has to be made public.
There's fears of like a secret agreement where there's billions
released to Iran that we don't even make public. So
I'm just saying that as checking us as journalists. Yeah,
so there's more than one side to this. Obviously, the
Iranians have their version, and it's not making President Trump happy.
He put out a true social note earlier today says
the terms that Iron leaked to the fake news have
nothing to do with the terms that were agreed to
in writing. What they said, including their weak and pathetic
statement on having a deal, bears no relation to the truth.
Very dishonorable people to deal with with them. There is
no such thing as dealing in good faith. Amazing. Also,
their totally rebuffed drone attack last night against Indian ships
leaving the Strait of Hormuz is totally unacceptable. They better
get their act together and fast. President Donald J.
Speaker 1: Trump. Yes, so supposedly we had a deal announced yesterday
and the President said We're not going to attack last night,
and instead Iran is attacking ships going through the Strait
of Hormos back to David Road.
Speaker 7: Based on what I know right now, the Iranians are
winning these negotiations. Trump is more desperate for a deal
than they are, period, and I think that's a fair assessment.
Speaker 1: Hard to tell. There's no question Donald Trump is desperate
for a deal. I don't know how desperate the Iranians are.
I would think they would be as well, but they
have an amazing resilience that we can pound them all
day long and they're still going to be there. Meantime,
the guy who has been breaking all of the stories
on all of this has been Barack Revied over at Axios,
and this is his latest update today.
Speaker 3: Yes, I think what the US has been told by
the Katari mediators and the Pakistani mediators and the Iurinian
negotiators themselves yesterday was that they're basically ready to sign.
That was the message that the White House got, and
preparations started for a possible signing ceremony during the weekend.
For example, for User Force C, seventeen planes left to
Washington yesterday to Europe as an advance for possible trip
by Vice President Vans to Geneva to sign this agreement
with the Speaker of the Iranian On Muhammad Baker Caliba.
But I think what happened in the recent hours is
what happened several times during those negotiations that every time
with the parties were close to a deal, each side
wanted to market the deal to its own domestic audience.
And when you do that, then each side, obviously, you know,
gives the deal its own spin, emphasizes the things that
it's going to get, and downplays things that it's going
to give. And I think that's again what happened today
when the Rania presented their narrative or their spin on
what has been agreed, and President Trump pushed back and
presented him and White House officials presented their narrative about
what has been agreed. And I think it's not totally different.
But I think each side just emphasizes what it is
getting from a deal and not really talking about what
it is giving in this deal.
Speaker 1: Which is exactly what David Rhoad said, that both sides
are spinning and they will give us the shiny part
and try and hide the part that we're given up
back to Barack Revie.
Speaker 3: I'm not sure because I think even though President Trump
ordered new strikes in recent days, all of them were
still below the threshold of an all out war. I'm
not saying it can't happen. Israeli Prime Minister Benjamina Tanyau
definitely wants this war to resume because he doesn't believe
the Iranians, and he thinks that the regime needs to
be weakened even more. But I think that at least
at the moment, even though Trump just you know, posted
this very angry response to the Iranians, my sense from
talking to people that are involved in the negotiations on
the US side is that they still want to see
if they can get to sign this agreement over the weekend.
I still hear the same thing from the different mediators.
So it might all collapse. We might seeing at the
moment how this thing is collapsing, but it might be,
you know, one of those hicca that you have before
you you get to a deal.
Speaker 1: Did you hear what he said that net and Yahoo
wants to keep the war going because he doesn't believe
anything the Iranians say, and the Iranians keep saying death
to Israel, so he wants to keep the war going.
So obviously the split between Benjamin Net and Yahoo and
Donald Trump is fully on display. That's just well, here,
let me go back to Barack revied for two things.
One about the President talking about wanting to take Carga Island,
although the oil experts say that would not have any
impact on Iran whatsoever. And the other part is about
the fact that it's kind of like when you were
a teenager you just didn't tell your parents what you
were doing. Is it's kind of what Donald Trump did
not tell Benjamin Net and Yahoo that he has an
agreement with the Iranians, has some sort of well, he
said the war was over, and he didn't want to
say that to Benjamin Nette Yahoo. So, first of.
Speaker 3: About carg Island, I have to say, I find that
at least at the moment, you know, things change all
the time and very quickly. I don't do not sense
that there's either an appetite or a real operational plan
imminent operational plan to do anything on carg Island. I
just I have no information that shows that this is
where Trump really wanted to go, and it is true
that Nataniao learned about Trump's post yesterday announcing that there's
a deal from social media when he was sitting with
his security chief and one of his advisors came into
the room and told him that while they were discussing,
saying about what is the what are the potential US
strikes that were going to happen several hours later, all
of a sudden, one of his advisers came in and said, well,
there are no strikes. There's actually a deal, according to
what President Trump just posted. And the US did not
notify Nataniao in advance of this post. And I think
that in the phone call from what I heard from
US officials about a phone call Nataniao and Trump had
several hours later, Nataniao was very each sort of told
the president that you know, he understands that there's a
deal and nothing nothing he could do. I'm sure that
if if Primaris Nataniao read President Trump's post for a
few minutes ago, his mood improved significantly.
Speaker 1: Really, what I mean that Yahoo, What what could he do?
He was relying upon is real relies upon the United
States matters like this, and then when the United States
goes a different direction. They're stuck. Nothing they can do,
all right. Another deal that has not happened is the
extension of FISA. This is the Foreign Intelligence Surveillance Act.
It's the law that establishes procedures for surveillance and collection
of foreign intelligence information. It was put into law in
nineteen seventy eight. It governs the conduct of the US
government's surveillance on foreign powers. It's used to try to
figure out where the threats are coming from, a terrorist
and so forth, and so this is very very important.
It is, however, very controversial because in trying to grab
information with phone calls and emails and things between terrorists
and other contries, if they're talking to or emailing or
connecting or texting or whatever with US citizens, the US
citizen gets caught up in it as well. So this
thing is expected to expire at midnight tonight, and it's
supposed to be somewhat bipartisan, but it's not. And what
happened was everybody was going along saying, let's go ahead
and agree to this. The Senate Intelligence Committee and the
House Intelligence Committee. We're getting down to the final dotting
of the i's and crossing the t's on extending the
FISA seven zero two rule, and instead the President decided
to announce that he was putting Bill Poulty in as
the acting director of the Director of National Intelligence, and
that blew up the whole deal. Everybody walked out. All
the Democrats were furious, and some of the report Republicans
as well. So Senator Mark Warner was asked today about
this thing's going to expire tonight, what do you think.
Speaker 3: This is not a fight between Democrats and Senate Republicans.
Speaker 2: This is a fact of Donald Trump trying to override
the advice of everyone in the intelligence community.
Speaker 1: So basically, that was his way of saying, this isn't
going anywhere. In the meantime, the intelligence community that keeps
track of terrorists and things like that are very nervous
that they might miss something because this thing is going
to be shut down. HAAKM. Jeffries talking about from the
house side of the street, how it has stopped everything.
The announcement about Poldie.
Speaker 6: Republicans should lose sleep because in the middle of sensitive
negotiations to reauthorize surveillance authority, which they knew were challenging,
Donald Trump decides to toss a hang grenade, and in
the middle of those negotiations.
Speaker 1: That hand grenade was Bill Poulty. The announcement of it.
Shannon Brain responds to this.
Speaker 2: Say, we've got no reason to hang around and get
this passed.
Speaker 8: Yeah, and Jackie, you know covering Washington, how contentious this
whole thing has gotten. And you know, I had Senator
Mark Warner on Fox News Sunday last weekend and said, Okay,
why don't you invite vote for the FISA extension. You
have said it is critical. Democrats Republicans like agree about that,
but then vote against if Poulty was ever to actually
be nominated. We know now it's going to be Jay Clayton.
That was never the plan, but he said, no, I
don't want Bill Pulty to be the acting d and
I for any period of time. He continues to say that.
So no matter how quickly Republicans can move that Clayton
nomination potentially forward, you've got the specter of Democrats who say, Nope,
as long as Poulty is sitting anywhere near this information,
we're not going to move forward on PISIS. So that
gets to your question. There are a number of folks
on both sides of the Aisle who say there are
parts of FISAI that will continue. But one of the
things there's a real question about is whether there'll be
immunity for the telecom companies that cooperate with the FEDS.
If they're worried about exposure, they may not be willing
to provide that information, which is key to the surveillance.
Speaker 1: Does no matter where you said, it's very controversial because
it does scoop up conversations and communications with Americans. It's
supposed to be targeted on foreign bad actors, but the
Pulti thing is so outrageous that nobody is willing to
move an inch. So just hold your breath and hope
that we don't have anything untoward happening between now and
the time they figure out how to pass the FAISA extension.
So let's talk a little money. And oh, by the way,
I recording this podcast obviously as we're doing it, but
the first Financial Friday podcast after I finished this one,
we're going to fire up that one. So give me,
give me a little bit of time and we'll post
the first Financial Friday podcast. I was blown away by
how many people have called or emailed with financial questions.
So We will dig through a whole bunch of them
in the next podcast, but take a look. It'll be
I've got to name it. I guess Tom Sullivan Financial Friday.
Look for that podcast where you get your podcast and
it should be up in a little bit meantime. About
the money, The biggest, the biggest public offering ever was
today SpaceX went public. They were if you were able to,
and that's another whole show is about trying to get
public stock offerings before they go public because they're reserved
for the biggest and best clients of Wall Street. Anyway,
it had been priced by the underwriters at one hundred
and thirty five dollars a share, and that would have
made it at one point seven truly offering, which would
be the biggest ever. So that rolled around this morning
and I guess it was around market opens at nine
thirty Eastern. I think it was about an hour later,
somewhere around ten thirty it started trading, and it started
trading at one hundred and fifty dollars. So if you
were signed up to get some SpaceX stock but you
weren't part of the pre offering group, then you got
the stock at one hundred and fifty dollars, which is
why I don't like to buy stocks on their public
offering because usually it's higher than the original underwriting. So
the people in the original group immediately made money, a
lot of money, and then it kept climbing after that
instead of pulling back because it's a lot of I mean,
look at SpaceX is not profitable. They lose an awful
lot of money. This is truly a bet on Elon
Musk vision. And he I mean, he's out there, but
he's he's obviously called some close ones. I mean, Tesla
almost didn't make it, and SpaceX almost didn't make it,
but they he pulled it out and they turned the
things around. But anyway, the stock went up from one
hundred and fifty up to what was the high water
mark today, about one hundred and seventy six dollars. That
was so I guessed around one o'clock this afternoon, and
then it just kind of went down a little bit,
finishing at one hundred and sixty dollars one hundred sixty
one dollars and eleven cents. So if you bought at
one hundred and fifty, you made some money. Today the
stock was up about twenty five percent or so, which
was that's pretty good first day showing. So here's Elon
Musk talking to the employee at SpaceX. So they launched,
they launched a SpaceX rocket just before he made his
announcement today. So it was all very choreographed. And the
place is full of employees and the reason why they
are all excited is not only because of the work
they're doing, but about four thousand of them as employees
got stock. And so today about four thousand new millionaires
were made at SpaceX. The employees, many, many, many, many
of them became millionaire city because they had stock as
part of their employment agreement. Some of the stock. Yeah,
the story I saw was that there's some that got
one hundred million dollars today. That don't make you go
to work, won't it. So here's Elon Musk.
Speaker 9: Public for the It was the largest IPO that ever.
And let me tell you, if people had told me
this was the going to happen, I was like, man,
you must be smoking some really good crack because I
think this company is going to fail. I mean I
gave I gave SpaceX less than a ten percent chance
of succeeding at all. To be clear. In fact, I
told people this, look, we're probably going to fail, but
you know, we should give it a try, because if
we don't, if there's not a new company that enters space,
we will never be a truly spacefaring civilization. You know,
while the other aerospace companies they build good rockets and everything,
they they were simply not pursuing the technology that's necessary
to make life multiplanetary, to yeah, to make to make
star trek, to make the exciting science fiction futures that
we've read about real. And that's what SpaceX is all about,
is to take the fiction out of science fiction and
create an exciting, inspiring future for everyone. We want to
be able to take anyone who wants to go to
the Moon, anyone who wants to go to Mars, or
anywhere in the Solar System, and maybe beyond the Solar
System at some point. We want to be able to
take you there, not just a few astronauts. I mean you,
literally you, if you watch whoever you are watching this,
SpaceX wants to be able to take you to the
Moon and take you to Mars and ultimately beyond. And
I'm confident at this point that with the incredible team
that we have here as SpaceX, that we will do
that for you. I always think about this that there
are there are always problems on Earth.
Speaker 1: There are always problems on Earth.
Speaker 9: There are always things that we wish to be better, that
we want to solve here on Earth, and we should
solve them. But but there also have to be things
that get you excited about the future, that make you
glad to wake up in the morning because you can't
wait to see what happens next. And that's the future
that SpaceX wants to bring to you.
Speaker 1: Yeah, yeah, they're cheering for lots of reasons, but I
like it. It's very inspirational. So you want a job
where you wake up in the morning and can hardly
wait to find out what's next. So congratulations to Elon Musk,
Congratulations to all the millionaires that now work at SpaceX.
And who who knows what this is going to go.
You heard him, he said he only gave it a
ten percent chance of success, and yet he's he's launching
rockets all the time, for satellites, for his for the
internet service that he has that works off of satellites,
for launching government payloads for I mean it's on and on,
and it's been wildly successful. And then to have the
rockets come back and be caught by an arm so
that they can reuse them again is pretty phenomenal. So
that's what's going on today over the weekend. Well, we
got the World Cup starting today, and it started yesterday
in Mexico City in Mexico one two to nothing. Tonight,
the USA kicks off the World Cup in Los Angeles.
They're going against Paraguay nine o'clock Eastern time tonight. And
they said at the Los Angeles Stadium, Well, what do
you mean we're I think I know Los Angeles decently. Well,
I've never heard of the Los Angeles Stadium. It's the
Sofi Stadium in Inglewood. Apparently the World Federation for Soccer
doesn't allow commercial naming rights, so Sofar's name had to
be covered up. It's now the Los Angeles Stadium. And
I guess all of them. The Tea Mobile Stadium in Seattle,
Levi Stadium in San Francisco. I don't know what they're
going to do over at MetLife. They'll hang some. There's
eleven stadiums, seventy eight matches in the US, eleven different cities.
But the sad part is is there's all the news
media is going around showing how intense the security is
for these soccer games, and you would think people would
be happy, but it puts a paul on it. And
speaking of security, and over the weekend, I never mentioned
Wednesday night was the biggest rebound ever by an NBA
team in the finals, where the New York Knicks came
back from a twenty nine point deficit to win. So
they are three games to one. They're going to be
in San Antonio Tomorrow night at Game five at eight
thirty pm Eastern time. But I wonder if Taylor Swift
is going, you see where, because the President went Monday
night and the Knicks lost, and he wasn't there Wednesday night,
but Taylor Swift and all the celebrities were, and they
gave people were giving Taylor Swift credit for breaking the
Trump curse. They already they already named it the Trump curse.
So I don't know if she's going Tomorrow night in
San Antonio or not. And then of course tomorrow is
the cage match. Said tomorrow or Sunday, I'm not sure
the cage match for the big the big thing that
they build on the south lawn of the White House,
and it's Donald Trump's yeah Sunday. Yeah, He's going to
be eighty on Sunday. And it's also Flag Day, so
put your flags out on Sunday. And I saw an
interview with the head of UFC and he says, yeah,
he says, outdoors makes a difference. It's it's it's hot,
it's hot, and and it's really hot on the East Coast.
It's gonna be really hot in Washington on Sunday. It's
going to be very humid and apparently a lot of
bugs and if you are a UFC fighter that apparently
is debilitating somehow. So again Wall Street, let's see what
we had happened there today, because we gave you the
numbers on SpaceX. The overall market did well. Dow up
three hundred and fifty three, the fifty one thousand and
two to oh two. That's a new record. S and
P up thirty seven, NASDAC up seventy nine, Gold up
one hundred and twenty one dollars to four thousand and
two thirty five. In oil continuing to drop down another
three bucks today, is now down to eighty four dollars
for one barrel of oil. That's it for today, and
again a reminder of the other podcast it'll be up
shortly of the Tom Sullivan Financial Friday podcast, in which
we're going to try and resurrect an old format that
we did many years ago on this program, where we
take your financial questions and give you the best answer
we can. The phone number if you want to chime in,
you want to leave a question, you want to ask
a question, you've got an observation, The phone number is
eight five five two nine five sixty six hundred. If
you can't thember, the number, it's on my website, Tomsullivan
dot com. Eight five five two nine five sixty six hundred.
Have yourself a wonderful weekend. We'll be back on Monday.
I hope to see you then