1 00:00:22,600 --> 00:00:27,879 Speaker 1: And hello, how are you on this Friday? Yesterday's the 2 00:00:27,879 --> 00:00:32,119 twelfth day of June, Year of Our Lord twenty twenty six. 3 00:00:32,320 --> 00:00:35,520 My name is Tom Sullivan. We got a lot to 4 00:00:35,560 --> 00:00:39,399 go over today, I mean it all. It's still kind 5 00:00:39,399 --> 00:00:43,000 of reverberating from what went down yesterday. And what went 6 00:00:43,079 --> 00:00:47,399 down yesterday was the big switcheroo where the President was 7 00:00:47,439 --> 00:00:50,399 going to declare it in the morning that he was 8 00:00:50,439 --> 00:00:56,840 going to be really hitting Iron hard with bombs, military strikes, 9 00:00:57,439 --> 00:01:01,240 and by the afternoon he says, nevermind, No, that's canceled. 10 00:01:01,640 --> 00:01:04,719 We've got ourselves in an agreement. And it was a 11 00:01:04,760 --> 00:01:09,959 real head snap to kind of go what And the 12 00:01:10,000 --> 00:01:15,359 other problem with is that the President has on numerous 13 00:01:15,439 --> 00:01:18,920 occasions said oh yeah, yeah, yeah, we're really close, and 14 00:01:19,280 --> 00:01:21,959 never turns out to be the case. So we'll cover 15 00:01:22,040 --> 00:01:28,560 that today. We've also got the FISA renewal section seven 16 00:01:28,599 --> 00:01:34,200 oh two, where we can spy on foreigners supposedly. I 17 00:01:34,239 --> 00:01:39,280 will get into that. And the biggest IPO initial public 18 00:01:39,359 --> 00:01:46,519 offering stock offering ever happened today. SpaceX went public one 19 00:01:46,760 --> 00:01:51,480 point seven almost one point eight trillion dollars of a 20 00:01:51,519 --> 00:01:56,120 public offering, and that makes Elon Musk the first trillionaire 21 00:01:57,239 --> 00:02:02,640 in the world. So we've got all that to cover today, 22 00:02:03,400 --> 00:02:08,439 but let's start with all the questions about this agreement 23 00:02:09,400 --> 00:02:12,960 and what is it and what does what what does 24 00:02:13,000 --> 00:02:17,719 it encompass. It's it's a real question mark. I mean 25 00:02:17,800 --> 00:02:20,599 it's Wall Street Journal has a headline about the fact 26 00:02:20,639 --> 00:02:24,120 that the deal still has to get past the Revolutionary Guard, 27 00:02:24,159 --> 00:02:29,319 that the hardline security officials are more concerned with denying 28 00:02:29,639 --> 00:02:33,719 us a victory than withinding the war, and so the 29 00:02:34,840 --> 00:02:39,759 i RGC, the Islamic Revolutionary Guard Corps, has yet to 30 00:02:39,879 --> 00:02:45,520 sign off on this preliminary deal, so it's not done. 31 00:02:46,080 --> 00:02:50,960 But the President has said that tomorrow or over the weekend, 32 00:02:52,280 --> 00:02:56,360 probably Sunday, that Vice President Jeddie Vance is going to 33 00:02:56,400 --> 00:02:59,479 be going to didn't say where, but the word is 34 00:02:59,520 --> 00:03:02,960 that it's going to It's scheduled for Geneva on Sunday 35 00:03:03,199 --> 00:03:05,120 for a signing ceremony. 36 00:03:05,599 --> 00:03:08,759 Speaker 2: It will officially open as soon as we sign which 37 00:03:08,759 --> 00:03:12,000 could be soon, very soon, maybe over the weekend, and 38 00:03:12,120 --> 00:03:17,319 you'repe I will be able to be there, but JD 39 00:03:17,439 --> 00:03:21,080 will be there Vice President and some of the people, Yeah, 40 00:03:21,240 --> 00:03:24,120 Steve Woodcuff did a great job, Jared, Why. 41 00:03:24,039 --> 00:03:26,479 Speaker 3: Are you so convinced that this time is different. 42 00:03:26,759 --> 00:03:31,560 Speaker 2: Because they've taken a pounding. They've taken a pounding like 43 00:03:31,719 --> 00:03:34,120 very few people could take, and they want to make 44 00:03:34,120 --> 00:03:38,000 the deal a lot more than I do. And we 45 00:03:38,080 --> 00:03:39,560 could have had it done the other way, I guess, 46 00:03:39,599 --> 00:03:40,879 but it would have taken longer. 47 00:03:41,400 --> 00:03:44,280 Speaker 1: Okay, So he's saying that the spray of horror moves 48 00:03:44,319 --> 00:03:48,039 will open when this deal is signed, and that JD. 49 00:03:48,159 --> 00:03:51,319 Vance is going to sign it this weekend. The word 50 00:03:51,400 --> 00:03:56,080 again is Geneva on Sunday, so that will be the 51 00:03:56,080 --> 00:03:59,879 first test to see. All right, if it's open, then 52 00:04:00,080 --> 00:04:02,879 let's see what happens with the shipping that's going in 53 00:04:02,919 --> 00:04:06,120 and out of the straight or war moves. General Jack Keane, 54 00:04:06,719 --> 00:04:11,719 you know what he has been professing. He wanted he 55 00:04:11,759 --> 00:04:15,599 wanted the military to finish their mission. The President cuts 56 00:04:15,599 --> 00:04:19,879 that short. So he would still like to see a 57 00:04:19,959 --> 00:04:25,319 military solution, but he knows that you've got to say 58 00:04:25,439 --> 00:04:28,920 yes to the commanding officer, and that is the commander 59 00:04:28,920 --> 00:04:29,399 in chief. 60 00:04:29,639 --> 00:04:33,160 Speaker 4: No, well, I think it remains to be seen where 61 00:04:33,160 --> 00:04:36,160 we are. I mean, you can tell from Iran. I 62 00:04:36,160 --> 00:04:40,079 mean that the comments are always inconsistent when it comes 63 00:04:40,120 --> 00:04:42,319 to a deal. You got people saying they're complying. You 64 00:04:42,319 --> 00:04:45,040 have other people in the government saying they're not. So 65 00:04:45,279 --> 00:04:47,399 it's going to take some time to ferret out what 66 00:04:47,439 --> 00:04:51,000 we really have here. But listen, we're not at this 67 00:04:51,120 --> 00:04:55,120 point without the military operation that President Trump ordered. He 68 00:04:55,360 --> 00:04:58,199 knew he wasn't making much progress with these guys, and 69 00:04:58,279 --> 00:05:01,560 two nights a military operation with the promise of more 70 00:05:01,639 --> 00:05:05,000 to come, I certainly gave them added leverage. And I 71 00:05:05,079 --> 00:05:08,519 think as we go forward, we're in early stages here. 72 00:05:08,639 --> 00:05:12,759 Remember it's taken us two months to get here after 73 00:05:12,800 --> 00:05:16,240 the ceasefire when the Iranians said they were going to 74 00:05:16,240 --> 00:05:18,480 negotiate the opening of the Straits of a Moves in 75 00:05:18,519 --> 00:05:22,120 two weeks. So we have to have some patience in 76 00:05:22,160 --> 00:05:24,319 what we're dealing with here, and we have to be 77 00:05:24,879 --> 00:05:28,439 very clear right about what's happening, because what the Iranians 78 00:05:28,519 --> 00:05:32,240 say and what they do are two different things. Witness 79 00:05:32,560 --> 00:05:35,519 the violation of the ceasefire as you just mentioned last night, 80 00:05:35,879 --> 00:05:38,839 and how much of that they have been violating for 81 00:05:38,959 --> 00:05:42,120 weeks in the Straits of a Moves attacking US spaces, 82 00:05:42,439 --> 00:05:48,079 and what they've done in unleashing Hesbalah in Lebanon is incredible. 83 00:05:48,360 --> 00:05:51,839 Under the guise of a ceasefire, two thousand plus rockets 84 00:05:52,120 --> 00:05:55,079 and drones fired into northern Israel force in the evacuation 85 00:05:55,680 --> 00:05:57,399 of the towns. And by the way, while we're on 86 00:05:57,439 --> 00:06:00,439 that subject, I hope we can work into this deal 87 00:06:00,759 --> 00:06:05,439 and exclusion so that Israel can still deal with Hesbela. 88 00:06:05,800 --> 00:06:09,560 The major lesson learned from nine to eleven was we 89 00:06:09,600 --> 00:06:13,319 cannot permit our adversaries to have sanctuaries from where they 90 00:06:13,319 --> 00:06:16,839 can attack us again, and that was enforced in Iraq 91 00:06:16,920 --> 00:06:21,560 and Syria and also in Eastern Africa. The reality coming 92 00:06:21,560 --> 00:06:25,600 out of October seventh is you cannot have proxies on 93 00:06:25,600 --> 00:06:28,920 the border with the capability to attack Israel again. And 94 00:06:28,920 --> 00:06:32,199 that's what Hesbela has right now in Lebanon, and they 95 00:06:32,199 --> 00:06:34,920 should not be a part of this cease fire. Israel 96 00:06:34,959 --> 00:06:38,560 has got to be able to deal with that capability. 97 00:06:37,879 --> 00:06:38,639 Speaker 3: On its border. 98 00:06:38,759 --> 00:06:42,600 Speaker 4: Why because under a cease fire, what happens Hesbela continues 99 00:06:42,639 --> 00:06:46,240 to attack. That's what we have seen. But going forward 100 00:06:46,319 --> 00:06:50,120 here the administration is clear eyed and who they're dealing 101 00:06:50,160 --> 00:06:52,879 with here. They know these guys lie and they know 102 00:06:52,959 --> 00:06:57,240 they cheat, and listen what Iran wants here is they 103 00:06:57,279 --> 00:07:00,519 want to get money so that they can recover their regime, 104 00:07:00,879 --> 00:07:03,800 and believing no matter what they sign as a final deal, 105 00:07:04,519 --> 00:07:07,360 at some point they will do everything they can to 106 00:07:07,439 --> 00:07:10,120 reverse it. That is who they are, and that is 107 00:07:10,199 --> 00:07:11,879 predictable negotiation. 108 00:07:12,120 --> 00:07:12,399 Speaker 1: Know that. 109 00:07:12,959 --> 00:07:15,639 Speaker 4: So what we have to bake into the deal is 110 00:07:15,680 --> 00:07:21,079 the prevention of their ability to reverse a deal post 111 00:07:21,319 --> 00:07:24,800 Trump presidency. That's where we got to be if we're 112 00:07:24,800 --> 00:07:26,519 going to have something that's enduring here. 113 00:07:27,399 --> 00:07:33,959 Speaker 1: Well, he clearly wants the military, the military status solved. 114 00:07:34,199 --> 00:07:36,399 The problem with the military would be to take the 115 00:07:36,399 --> 00:07:40,120 regime out. And we're doing a business with people that 116 00:07:40,199 --> 00:07:43,759 lie in sheet according to the General others, and you 117 00:07:43,759 --> 00:07:45,639 can't trust them. So I don't know why we're even 118 00:07:46,199 --> 00:07:49,360 signing an agreement with them. You want to put together 119 00:07:49,399 --> 00:07:52,720 a betting pool on how long it will be before 120 00:07:53,160 --> 00:08:00,720 whatever agreement is signed is broken. The agreement into the 121 00:08:00,759 --> 00:08:07,000 President is three different buckets. The first bucket is the 122 00:08:07,120 --> 00:08:12,160 straight of Ormus that it must reopen immediately without any tolls, 123 00:08:12,839 --> 00:08:17,800 that it will return to pre war shipping volumes within 124 00:08:18,000 --> 00:08:22,680 thirty days, that the US blockade is lifted, and that 125 00:08:22,720 --> 00:08:30,439 Iran receives temporary sanctioned waivers to sell oil for sixty days. Huh. 126 00:08:31,120 --> 00:08:34,440 So they're going to get a waiver, just a temporary 127 00:08:34,440 --> 00:08:37,440 one though, for sixty days. Then the second bucket is 128 00:08:37,480 --> 00:08:42,000 the ceasefire, that this agreement will extend the ceasefire that 129 00:08:42,120 --> 00:08:47,120 supposedly has been Now we haven't that the ceasefire has 130 00:08:47,240 --> 00:08:51,080 died weeks ago, but they're still pretending that there's a ceasefire. 131 00:08:51,639 --> 00:08:55,279 So this agreement will extend the ceasefire for sixty days, 132 00:08:55,320 --> 00:09:01,559 including in Lebanon, where nuclear negotiations are held. So they're 133 00:09:01,600 --> 00:09:05,639 going to tie up Israel and say you can't you 134 00:09:05,679 --> 00:09:09,320 can't have any firing back and forth with hisbe Lah. 135 00:09:10,000 --> 00:09:14,559 And then the third bucket is the nuclear program, and 136 00:09:14,600 --> 00:09:20,600 what the agreement is simply a framework for addressing the 137 00:09:21,080 --> 00:09:27,000 enriched uranium stockpile in Iran. And so all this agreement, 138 00:09:27,120 --> 00:09:30,440 if it gets signed over the weekend, all it does 139 00:09:30,519 --> 00:09:37,120 is open up yet another sixty days of negotiating, which 140 00:09:37,159 --> 00:09:41,159 is what we've been going through and calling it a ceasefire. 141 00:09:42,720 --> 00:09:48,000 So I don't know. General Keen basically said that this 142 00:09:48,120 --> 00:09:53,200 deal is where we are because there's people that don't 143 00:09:53,240 --> 00:09:54,000 have a spine. 144 00:09:54,519 --> 00:09:57,759 Speaker 4: Well, there's a lack of spine, and then that's the 145 00:09:57,759 --> 00:09:59,840 truth of it. Except for the UAE, they're all in. 146 00:10:01,080 --> 00:10:04,120 And the reason is pretty simple. They fear Iran. Ever 147 00:10:04,159 --> 00:10:08,320 since the Straits of Moves got closed. They feel there's 148 00:10:08,399 --> 00:10:11,720 some obligation there with Iran going down the road. And 149 00:10:11,759 --> 00:10:15,360 the second thing they fear is Iran's ability to retaliate 150 00:10:15,399 --> 00:10:19,159 against the oil and gas infrastructure. Despite the fact if 151 00:10:19,200 --> 00:10:22,039 you gave Admiral Cooper and Senmcom the mission to help 152 00:10:22,080 --> 00:10:25,200 defend them like they are doing with Israel, because they 153 00:10:25,240 --> 00:10:27,440 asked to help to be defended, we could do that, 154 00:10:27,879 --> 00:10:30,720 and we could take away their missiles and drones that 155 00:10:30,759 --> 00:10:33,279 they use. I mean, we've been watching where they're doing 156 00:10:33,360 --> 00:10:36,720 with both of those missiles and drones for two months now, 157 00:10:37,159 --> 00:10:40,720 and we have the capability to do that. But those 158 00:10:40,759 --> 00:10:43,799 Gulf states don't accept that. They're the ones that pressure 159 00:10:43,840 --> 00:10:47,559 the administration to shut down Project Freedom. Remember Project Freedom 160 00:10:47,679 --> 00:10:50,519 was opening up the Straits of Moves and creating a 161 00:10:50,600 --> 00:10:53,320 lane for them to pass through. And when the President 162 00:10:53,360 --> 00:10:57,000 was getting close to reattacking about ten twelve days ago, 163 00:10:57,480 --> 00:11:00,559 they also came forward and said, well, we can deal 164 00:11:00,600 --> 00:11:05,039 here the problem we have with them is ever since 165 00:11:05,120 --> 00:11:08,440 Iran's shut down the straits and moves, they fear what 166 00:11:08,480 --> 00:11:11,039 they're going to continue to do with controlling it, and 167 00:11:11,080 --> 00:11:14,559 they fear retaliation. And that is why we need the 168 00:11:14,600 --> 00:11:17,480 President to help take their fear away. We got the 169 00:11:17,600 --> 00:11:22,399 structured this deal so that it truly can be enduring, 170 00:11:22,600 --> 00:11:26,200 and it's not a vehicle just to provide a temporary solution. 171 00:11:26,720 --> 00:11:30,240 It's got to be something that lives beyond the Trump presidency. 172 00:11:30,600 --> 00:11:35,639 Speaker 1: Well, color me's skeptical, but I'll wait and see what 173 00:11:35,720 --> 00:11:38,240 this whole thing turns out to be. I'll tell you 174 00:11:38,320 --> 00:11:43,240 who is skeptical, the CIA guy, Dan Hoffman. Here's Dan Well. 175 00:11:43,240 --> 00:11:45,879 Speaker 5: I think if past is prologue, then we're looking at 176 00:11:45,879 --> 00:11:50,399 another Yogi beara Deja vu all over again scenario. There 177 00:11:50,399 --> 00:11:54,399 are three components of US leverage over Iran. The highest 178 00:11:54,440 --> 00:11:56,600 priority I think for Iran to deal with it's our 179 00:11:56,600 --> 00:12:00,399 military strikes. They're causing massive damage to Iran's weapons of 180 00:12:00,399 --> 00:12:03,960 mass destruction, not to mention decapitating their leadership. Then you've 181 00:12:03,960 --> 00:12:07,399 got sanctions and the blockade, which are of concern but 182 00:12:07,519 --> 00:12:09,159 lesser concern to the Iranians. 183 00:12:09,360 --> 00:12:11,679 Speaker 6: What we've seen so far is the. 184 00:12:11,679 --> 00:12:14,480 Speaker 5: United States has launched some strike since the ceasefire in 185 00:12:14,519 --> 00:12:18,519 early April, but we've also threatened to launch massive strikes. 186 00:12:18,720 --> 00:12:21,879 And then when the Iranians offer to negotiate, albeit with 187 00:12:22,080 --> 00:12:25,399 very hard line terms, we back off. We hold off, 188 00:12:25,440 --> 00:12:28,639 and then we negotiate until what's clear that Iran isn't 189 00:12:28,679 --> 00:12:31,000 serious about the negotiations, and we get back to the 190 00:12:31,039 --> 00:12:33,879 threats again. So the question is whether this time is 191 00:12:33,919 --> 00:12:36,919 any different. I'm quite sure that President Trump is pulsing 192 00:12:37,279 --> 00:12:42,399 the Intelligence community. Director of CIA Ratcliffe engaging with CIA 193 00:12:42,720 --> 00:12:45,919 sensitive sources to determine what's really going on in Tehran. 194 00:12:45,960 --> 00:12:49,440 If you listen to their foreign ministry, they are making 195 00:12:49,519 --> 00:12:52,960 maximalist demands that I think would not be agreeable to 196 00:12:53,000 --> 00:12:53,919 the Trump administry. 197 00:12:54,159 --> 00:12:56,919 Speaker 1: Yeah, there's still so much to learn about this deal. 198 00:12:57,559 --> 00:13:02,480 But dan Hofman also pointed out that we could have 199 00:13:03,039 --> 00:13:05,480 taken out the regime, but we decided to go the 200 00:13:05,519 --> 00:13:06,440 diplomatic rome. 201 00:13:06,960 --> 00:13:08,639 Speaker 5: Well, one way we could have done it was when 202 00:13:08,679 --> 00:13:11,320 we had our boots on their throats back in early April, 203 00:13:11,320 --> 00:13:13,600 we went to the ceasefire route. There were many who 204 00:13:13,679 --> 00:13:16,759 argued that we should have just simply finished the job 205 00:13:16,879 --> 00:13:20,759 and led to regime change. Real regime change rather than 206 00:13:20,799 --> 00:13:24,600 the current regime. We have in power, these IRGC hardliners, 207 00:13:24,639 --> 00:13:27,759 whom we all agree we can't trust. We have to 208 00:13:27,799 --> 00:13:30,519 be careful about not giving up any of the leverage 209 00:13:30,559 --> 00:13:33,960 we have. We can't give Iran any sanctions relief or 210 00:13:34,720 --> 00:13:38,399 or stop the blockade, or I believe, stop the milit 211 00:13:38,440 --> 00:13:41,279 the risk the threat of military strikes unless we get 212 00:13:41,360 --> 00:13:45,919 exactly what we want with verifiable with some verifiable means 213 00:13:45,919 --> 00:13:48,519 that Iran is sticking to the deal. That means inspections, 214 00:13:48,559 --> 00:13:51,200 That means getting the highly enriched uranium out of you, 215 00:13:52,480 --> 00:13:55,320 out of Iran. And remember too, hanging over all of 216 00:13:55,360 --> 00:13:59,559 this is the JCPOA from which the Trump administration withdrew 217 00:14:00,080 --> 00:14:03,639 in the first administration. We need to get a better 218 00:14:03,679 --> 00:14:06,279 deal for all the blood and treasure we've spilled. We 219 00:14:06,399 --> 00:14:08,159 need to be getting a better deal than that. 220 00:14:08,600 --> 00:14:12,840 Speaker 1: Well, listen, jc P away, the Obama deal, whatever you 221 00:14:12,879 --> 00:14:15,159 want to call it. They kicked the can down the 222 00:14:15,240 --> 00:14:19,480 road and deferred it to somebody else. So here lands 223 00:14:19,480 --> 00:14:22,919 in Donald Trump's lap, and so he thinks, so okay, 224 00:14:23,000 --> 00:14:28,440 I'll solve this. But he did not have the stomach 225 00:14:28,639 --> 00:14:32,600 to go ahead and get the regime out of there. 226 00:14:33,360 --> 00:14:37,360 He stopped the military and there's Dan Hoffman saying, we 227 00:14:37,440 --> 00:14:40,159 could have taken them out, but we did not. And 228 00:14:40,200 --> 00:14:43,039 now President Trump is all worried about the fact that 229 00:14:43,120 --> 00:14:47,000 his deal is not going to be much better, if 230 00:14:47,039 --> 00:14:50,159 at all, then the Obama deal, and that would drive 231 00:14:50,240 --> 00:14:53,240 him crazy. But I'm telling you this from where I 232 00:14:53,360 --> 00:14:56,320 sit watching what's going on and reading everything I can 233 00:14:56,399 --> 00:15:00,840 about the negotiations and the proposed deal. This is also 234 00:15:00,919 --> 00:15:04,799 kicking the can down the road to somebody else. They 235 00:15:04,840 --> 00:15:08,120 are going to violate whatever it is that we sign 236 00:15:08,279 --> 00:15:12,759 with them, and it will just create a problem down 237 00:15:12,759 --> 00:15:20,000 the road. David Rhade, reporter, NBC. He's also looking at 238 00:15:20,000 --> 00:15:22,120 this as just a bunch of people spinning. 239 00:15:22,240 --> 00:15:24,600 Speaker 7: Both sides are spinning to make a long story short. 240 00:15:24,840 --> 00:15:27,799 And I know you folks talked about earlier. I talked 241 00:15:27,799 --> 00:15:30,200 to a diplomat in the region who's got knowledge of 242 00:15:30,240 --> 00:15:32,879 some of the negotiations. They pointed to sort of the 243 00:15:32,919 --> 00:15:35,399 American version of the deal. This is a diplomat very 244 00:15:35,440 --> 00:15:38,480 close to the US, which is largely what was reported 245 00:15:38,480 --> 00:15:41,879 in by Barockravin and Oxios, which talks about some sort 246 00:15:41,879 --> 00:15:45,039 of deal and the nuclear things. The important thing here, though, 247 00:15:45,600 --> 00:15:48,000 is that there's a completely different version that's come out 248 00:15:48,039 --> 00:15:51,639 from the Iranian Ministry of Foreign Affairs. Key issues that 249 00:15:51,679 --> 00:15:54,519 remain and resolves that the Iranians are claiming that there's 250 00:15:54,519 --> 00:15:57,639 an agreement that at least half of the twenty four 251 00:15:57,679 --> 00:16:00,399 billion in frozen assets that are on want are going 252 00:16:00,440 --> 00:16:03,360 to go back to Iran. That is politically deadly for 253 00:16:03,440 --> 00:16:06,519 President Trump. The Iranian version says they're going to reopen 254 00:16:06,559 --> 00:16:08,919 the Straight of Horror moves and it says here with 255 00:16:09,159 --> 00:16:12,519 Iranian arrangements, does that mean the Iranians still control the 256 00:16:12,519 --> 00:16:15,279 Straight of Horror moves? And then on the actually on 257 00:16:15,320 --> 00:16:18,000 the uranium that the President says, it's so important for 258 00:16:18,039 --> 00:16:20,480 the US to get hold of the enriched uranium, it's 259 00:16:20,519 --> 00:16:23,080 amazing that the axios ers in the American version says 260 00:16:23,080 --> 00:16:25,440 the president has agreed that it can be down blended 261 00:16:25,759 --> 00:16:29,720 to a lower enrichment level and stay in Iran. That 262 00:16:29,840 --> 00:16:32,080 is what was offered to the United States, if you 263 00:16:32,159 --> 00:16:34,960 believe in the Omani Foreign Minister and other sources who 264 00:16:34,960 --> 00:16:37,600 were there, that's what we were offered before the war. 265 00:16:37,919 --> 00:16:40,960 And for Iran to maintain to have that stockpile in 266 00:16:40,960 --> 00:16:45,279 its country is a huge concession. By Trump and another reason, 267 00:16:45,360 --> 00:16:48,799 hell of a hard time selling all this. And just lastly, 268 00:16:48,879 --> 00:16:51,600 if there is a deal again, one side says it 269 00:16:51,639 --> 00:16:53,919 could be this weekend. It sounds like they're far away. 270 00:16:53,960 --> 00:16:57,639 According to the Iranians, it has to be made public. 271 00:16:57,799 --> 00:17:00,799 There's fears of like a secret agreement where there's billions 272 00:17:00,840 --> 00:17:03,399 released to Iran that we don't even make public. So 273 00:17:03,480 --> 00:17:06,359 I'm just saying that as checking us as journalists. Yeah, 274 00:17:06,400 --> 00:17:09,319 so there's more than one side to this. Obviously, the 275 00:17:09,359 --> 00:17:15,400 Iranians have their version, and it's not making President Trump happy. 276 00:17:15,920 --> 00:17:18,480 He put out a true social note earlier today says 277 00:17:18,480 --> 00:17:21,559 the terms that Iron leaked to the fake news have 278 00:17:21,799 --> 00:17:23,799 nothing to do with the terms that were agreed to 279 00:17:23,960 --> 00:17:27,440 in writing. What they said, including their weak and pathetic 280 00:17:27,480 --> 00:17:31,160 statement on having a deal, bears no relation to the truth. 281 00:17:32,000 --> 00:17:36,400 Very dishonorable people to deal with with them. There is 282 00:17:36,440 --> 00:17:40,240 no such thing as dealing in good faith. Amazing. Also, 283 00:17:40,400 --> 00:17:45,240 their totally rebuffed drone attack last night against Indian ships 284 00:17:45,319 --> 00:17:49,480 leaving the Strait of Hormuz is totally unacceptable. They better 285 00:17:49,519 --> 00:17:52,200 get their act together and fast. President Donald J. 286 00:17:52,400 --> 00:17:56,240 Speaker 1: Trump. Yes, so supposedly we had a deal announced yesterday 287 00:17:56,279 --> 00:17:59,079 and the President said We're not going to attack last night, 288 00:17:59,400 --> 00:18:04,759 and instead Iran is attacking ships going through the Strait 289 00:18:04,839 --> 00:18:08,079 of Hormos back to David Road. 290 00:18:09,079 --> 00:18:11,200 Speaker 7: Based on what I know right now, the Iranians are 291 00:18:11,200 --> 00:18:14,119 winning these negotiations. Trump is more desperate for a deal 292 00:18:14,240 --> 00:18:17,839 than they are, period, and I think that's a fair assessment. 293 00:18:18,160 --> 00:18:21,200 Speaker 1: Hard to tell. There's no question Donald Trump is desperate 294 00:18:21,200 --> 00:18:24,759 for a deal. I don't know how desperate the Iranians are. 295 00:18:24,799 --> 00:18:27,519 I would think they would be as well, but they 296 00:18:27,559 --> 00:18:32,480 have an amazing resilience that we can pound them all 297 00:18:32,559 --> 00:18:35,240 day long and they're still going to be there. Meantime, 298 00:18:35,279 --> 00:18:37,759 the guy who has been breaking all of the stories 299 00:18:37,799 --> 00:18:41,759 on all of this has been Barack Revied over at Axios, 300 00:18:42,319 --> 00:18:44,240 and this is his latest update today. 301 00:18:45,200 --> 00:18:48,640 Speaker 3: Yes, I think what the US has been told by 302 00:18:48,759 --> 00:18:55,000 the Katari mediators and the Pakistani mediators and the Iurinian 303 00:18:55,079 --> 00:19:01,279 negotiators themselves yesterday was that they're basically ready to sign. 304 00:19:02,079 --> 00:19:05,920 That was the message that the White House got, and 305 00:19:06,319 --> 00:19:11,240 preparations started for a possible signing ceremony during the weekend. 306 00:19:11,920 --> 00:19:16,680 For example, for User Force C, seventeen planes left to 307 00:19:16,839 --> 00:19:21,880 Washington yesterday to Europe as an advance for possible trip 308 00:19:21,920 --> 00:19:26,720 by Vice President Vans to Geneva to sign this agreement 309 00:19:26,799 --> 00:19:29,799 with the Speaker of the Iranian On Muhammad Baker Caliba. 310 00:19:30,759 --> 00:19:34,319 But I think what happened in the recent hours is 311 00:19:34,359 --> 00:19:38,920 what happened several times during those negotiations that every time 312 00:19:39,000 --> 00:19:42,400 with the parties were close to a deal, each side 313 00:19:43,279 --> 00:19:48,480 wanted to market the deal to its own domestic audience. 314 00:19:49,039 --> 00:19:53,480 And when you do that, then each side, obviously, you know, 315 00:19:53,640 --> 00:19:57,960 gives the deal its own spin, emphasizes the things that 316 00:19:58,000 --> 00:20:00,680 it's going to get, and downplays things that it's going 317 00:20:00,759 --> 00:20:04,400 to give. And I think that's again what happened today 318 00:20:04,720 --> 00:20:09,440 when the Rania presented their narrative or their spin on 319 00:20:09,519 --> 00:20:13,680 what has been agreed, and President Trump pushed back and 320 00:20:13,839 --> 00:20:19,400 presented him and White House officials presented their narrative about 321 00:20:19,720 --> 00:20:25,200 what has been agreed. And I think it's not totally different. 322 00:20:25,279 --> 00:20:28,440 But I think each side just emphasizes what it is 323 00:20:28,480 --> 00:20:31,920 getting from a deal and not really talking about what 324 00:20:31,960 --> 00:20:33,920 it is giving in this deal. 325 00:20:34,599 --> 00:20:36,960 Speaker 1: Which is exactly what David Rhoad said, that both sides 326 00:20:37,000 --> 00:20:40,960 are spinning and they will give us the shiny part 327 00:20:41,319 --> 00:20:43,359 and try and hide the part that we're given up 328 00:20:43,920 --> 00:20:45,000 back to Barack Revie. 329 00:20:46,400 --> 00:20:50,680 Speaker 3: I'm not sure because I think even though President Trump 330 00:20:51,160 --> 00:20:56,160 ordered new strikes in recent days, all of them were 331 00:20:56,240 --> 00:21:01,160 still below the threshold of an all out war. I'm 332 00:21:01,160 --> 00:21:07,200 not saying it can't happen. Israeli Prime Minister Benjamina Tanyau 333 00:21:08,000 --> 00:21:11,799 definitely wants this war to resume because he doesn't believe 334 00:21:11,799 --> 00:21:15,200 the Iranians, and he thinks that the regime needs to 335 00:21:15,240 --> 00:21:19,279 be weakened even more. But I think that at least 336 00:21:19,359 --> 00:21:24,839 at the moment, even though Trump just you know, posted 337 00:21:24,920 --> 00:21:30,440 this very angry response to the Iranians, my sense from 338 00:21:30,480 --> 00:21:34,880 talking to people that are involved in the negotiations on 339 00:21:34,920 --> 00:21:39,039 the US side is that they still want to see 340 00:21:39,079 --> 00:21:43,799 if they can get to sign this agreement over the weekend. 341 00:21:44,319 --> 00:21:48,880 I still hear the same thing from the different mediators. 342 00:21:50,160 --> 00:21:53,839 So it might all collapse. We might seeing at the 343 00:21:53,880 --> 00:21:56,960 moment how this thing is collapsing, but it might be, 344 00:21:57,200 --> 00:22:01,599 you know, one of those hicca that you have before 345 00:22:01,640 --> 00:22:02,759 you you get to a deal. 346 00:22:03,319 --> 00:22:05,960 Speaker 1: Did you hear what he said that net and Yahoo 347 00:22:07,200 --> 00:22:10,319 wants to keep the war going because he doesn't believe 348 00:22:10,440 --> 00:22:13,799 anything the Iranians say, and the Iranians keep saying death 349 00:22:13,839 --> 00:22:17,359 to Israel, so he wants to keep the war going. 350 00:22:17,920 --> 00:22:22,640 So obviously the split between Benjamin Net and Yahoo and 351 00:22:22,680 --> 00:22:29,119 Donald Trump is fully on display. That's just well, here, 352 00:22:29,200 --> 00:22:31,079 let me go back to Barack revied for two things. 353 00:22:31,119 --> 00:22:35,799 One about the President talking about wanting to take Carga Island, 354 00:22:36,039 --> 00:22:40,279 although the oil experts say that would not have any 355 00:22:40,319 --> 00:22:46,000 impact on Iran whatsoever. And the other part is about 356 00:22:46,119 --> 00:22:48,599 the fact that it's kind of like when you were 357 00:22:48,599 --> 00:22:51,680 a teenager you just didn't tell your parents what you 358 00:22:51,720 --> 00:22:55,160 were doing. Is it's kind of what Donald Trump did 359 00:22:55,200 --> 00:23:00,880 not tell Benjamin Net and Yahoo that he has an 360 00:23:00,920 --> 00:23:05,359 agreement with the Iranians, has some sort of well, he 361 00:23:05,480 --> 00:23:07,519 said the war was over, and he didn't want to 362 00:23:07,559 --> 00:23:10,960 say that to Benjamin Nette Yahoo. So, first of. 363 00:23:10,880 --> 00:23:15,319 Speaker 3: About carg Island, I have to say, I find that 364 00:23:16,279 --> 00:23:19,000 at least at the moment, you know, things change all 365 00:23:19,039 --> 00:23:22,680 the time and very quickly. I don't do not sense 366 00:23:22,839 --> 00:23:28,480 that there's either an appetite or a real operational plan 367 00:23:28,640 --> 00:23:34,359 imminent operational plan to do anything on carg Island. I 368 00:23:34,480 --> 00:23:38,759 just I have no information that shows that this is 369 00:23:38,799 --> 00:23:44,000 where Trump really wanted to go, and it is true 370 00:23:44,200 --> 00:23:49,559 that Nataniao learned about Trump's post yesterday announcing that there's 371 00:23:49,599 --> 00:23:53,680 a deal from social media when he was sitting with 372 00:23:53,799 --> 00:23:56,440 his security chief and one of his advisors came into 373 00:23:56,440 --> 00:24:00,000 the room and told him that while they were discussing, 374 00:24:00,039 --> 00:24:03,359 saying about what is the what are the potential US 375 00:24:03,440 --> 00:24:06,759 strikes that were going to happen several hours later, all 376 00:24:06,799 --> 00:24:10,119 of a sudden, one of his advisers came in and said, well, 377 00:24:10,720 --> 00:24:13,119 there are no strikes. There's actually a deal, according to 378 00:24:13,160 --> 00:24:17,160 what President Trump just posted. And the US did not 379 00:24:17,160 --> 00:24:21,079 notify Nataniao in advance of this post. And I think 380 00:24:21,079 --> 00:24:23,319 that in the phone call from what I heard from 381 00:24:23,440 --> 00:24:27,279 US officials about a phone call Nataniao and Trump had 382 00:24:27,839 --> 00:24:36,000 several hours later, Nataniao was very each sort of told 383 00:24:36,039 --> 00:24:39,200 the president that you know, he understands that there's a 384 00:24:39,240 --> 00:24:42,759 deal and nothing nothing he could do. I'm sure that 385 00:24:44,000 --> 00:24:48,119 if if Primaris Nataniao read President Trump's post for a 386 00:24:48,160 --> 00:24:52,440 few minutes ago, his mood improved significantly. 387 00:24:52,799 --> 00:24:55,799 Speaker 1: Really, what I mean that Yahoo, What what could he do? 388 00:24:56,599 --> 00:24:59,440 He was relying upon is real relies upon the United 389 00:24:59,480 --> 00:25:02,279 States matters like this, and then when the United States 390 00:25:02,279 --> 00:25:06,839 goes a different direction. They're stuck. Nothing they can do, 391 00:25:07,720 --> 00:25:12,960 all right. Another deal that has not happened is the 392 00:25:13,000 --> 00:25:19,119 extension of FISA. This is the Foreign Intelligence Surveillance Act. 393 00:25:19,440 --> 00:25:26,559 It's the law that establishes procedures for surveillance and collection 394 00:25:26,799 --> 00:25:31,440 of foreign intelligence information. It was put into law in 395 00:25:31,559 --> 00:25:36,400 nineteen seventy eight. It governs the conduct of the US 396 00:25:36,480 --> 00:25:41,079 government's surveillance on foreign powers. It's used to try to 397 00:25:41,119 --> 00:25:45,279 figure out where the threats are coming from, a terrorist 398 00:25:45,319 --> 00:25:49,480 and so forth, and so this is very very important. 399 00:25:49,640 --> 00:25:54,319 It is, however, very controversial because in trying to grab 400 00:25:54,400 --> 00:25:59,319 information with phone calls and emails and things between terrorists 401 00:25:59,319 --> 00:26:02,920 and other contries, if they're talking to or emailing or 402 00:26:02,920 --> 00:26:06,759 connecting or texting or whatever with US citizens, the US 403 00:26:06,799 --> 00:26:10,680 citizen gets caught up in it as well. So this 404 00:26:10,720 --> 00:26:16,400 thing is expected to expire at midnight tonight, and it's 405 00:26:16,400 --> 00:26:22,200 supposed to be somewhat bipartisan, but it's not. And what 406 00:26:22,480 --> 00:26:26,160 happened was everybody was going along saying, let's go ahead 407 00:26:26,160 --> 00:26:29,400 and agree to this. The Senate Intelligence Committee and the 408 00:26:29,440 --> 00:26:34,119 House Intelligence Committee. We're getting down to the final dotting 409 00:26:34,160 --> 00:26:37,480 of the i's and crossing the t's on extending the 410 00:26:37,519 --> 00:26:42,440 FISA seven zero two rule, and instead the President decided 411 00:26:42,559 --> 00:26:47,599 to announce that he was putting Bill Poulty in as 412 00:26:47,720 --> 00:26:53,400 the acting director of the Director of National Intelligence, and 413 00:26:53,759 --> 00:26:57,279 that blew up the whole deal. Everybody walked out. All 414 00:26:57,319 --> 00:27:00,599 the Democrats were furious, and some of the report Republicans 415 00:27:00,640 --> 00:27:04,720 as well. So Senator Mark Warner was asked today about 416 00:27:04,759 --> 00:27:08,359 this thing's going to expire tonight, what do you think. 417 00:27:09,480 --> 00:27:12,839 Speaker 3: This is not a fight between Democrats and Senate Republicans. 418 00:27:13,279 --> 00:27:16,440 Speaker 2: This is a fact of Donald Trump trying to override 419 00:27:16,480 --> 00:27:18,720 the advice of everyone in the intelligence community. 420 00:27:18,920 --> 00:27:21,319 Speaker 1: So basically, that was his way of saying, this isn't 421 00:27:21,359 --> 00:27:26,160 going anywhere. In the meantime, the intelligence community that keeps 422 00:27:26,200 --> 00:27:29,160 track of terrorists and things like that are very nervous 423 00:27:29,160 --> 00:27:31,160 that they might miss something because this thing is going 424 00:27:31,200 --> 00:27:35,359 to be shut down. HAAKM. Jeffries talking about from the 425 00:27:35,400 --> 00:27:40,960 house side of the street, how it has stopped everything. 426 00:27:41,039 --> 00:27:42,720 The announcement about Poldie. 427 00:27:42,880 --> 00:27:47,079 Speaker 6: Republicans should lose sleep because in the middle of sensitive 428 00:27:47,119 --> 00:27:54,640 negotiations to reauthorize surveillance authority, which they knew were challenging, 429 00:27:55,799 --> 00:28:00,240 Donald Trump decides to toss a hang grenade, and in 430 00:28:00,359 --> 00:28:02,640 the middle of those negotiations. 431 00:28:02,279 --> 00:28:04,880 Speaker 1: That hand grenade was Bill Poulty. The announcement of it. 432 00:28:05,359 --> 00:28:08,319 Shannon Brain responds to this. 433 00:28:08,519 --> 00:28:10,920 Speaker 2: Say, we've got no reason to hang around and get 434 00:28:10,920 --> 00:28:11,519 this passed. 435 00:28:11,759 --> 00:28:14,799 Speaker 8: Yeah, and Jackie, you know covering Washington, how contentious this 436 00:28:14,839 --> 00:28:17,480 whole thing has gotten. And you know, I had Senator 437 00:28:17,559 --> 00:28:20,119 Mark Warner on Fox News Sunday last weekend and said, Okay, 438 00:28:20,119 --> 00:28:23,000 why don't you invite vote for the FISA extension. You 439 00:28:23,119 --> 00:28:26,200 have said it is critical. Democrats Republicans like agree about that, 440 00:28:26,640 --> 00:28:29,200 but then vote against if Poulty was ever to actually 441 00:28:29,200 --> 00:28:31,519 be nominated. We know now it's going to be Jay Clayton. 442 00:28:31,519 --> 00:28:33,440 That was never the plan, but he said, no, I 443 00:28:33,440 --> 00:28:35,400 don't want Bill Pulty to be the acting d and 444 00:28:35,440 --> 00:28:38,839 I for any period of time. He continues to say that. 445 00:28:38,920 --> 00:28:41,720 So no matter how quickly Republicans can move that Clayton 446 00:28:41,799 --> 00:28:45,720 nomination potentially forward, you've got the specter of Democrats who say, Nope, 447 00:28:45,759 --> 00:28:48,240 as long as Poulty is sitting anywhere near this information, 448 00:28:48,640 --> 00:28:50,559 we're not going to move forward on PISIS. So that 449 00:28:50,640 --> 00:28:52,839 gets to your question. There are a number of folks 450 00:28:52,839 --> 00:28:54,519 on both sides of the Aisle who say there are 451 00:28:54,640 --> 00:28:57,279 parts of FISAI that will continue. But one of the 452 00:28:57,279 --> 00:28:59,519 things there's a real question about is whether there'll be 453 00:28:59,559 --> 00:29:03,319 immunity for the telecom companies that cooperate with the FEDS. 454 00:29:03,680 --> 00:29:06,039 If they're worried about exposure, they may not be willing 455 00:29:06,039 --> 00:29:08,839 to provide that information, which is key to the surveillance. 456 00:29:08,400 --> 00:29:11,680 Speaker 1: Does no matter where you said, it's very controversial because 457 00:29:12,119 --> 00:29:16,880 it does scoop up conversations and communications with Americans. It's 458 00:29:16,880 --> 00:29:22,079 supposed to be targeted on foreign bad actors, but the 459 00:29:22,160 --> 00:29:26,240 Pulti thing is so outrageous that nobody is willing to 460 00:29:26,279 --> 00:29:28,319 move an inch. So just hold your breath and hope 461 00:29:28,640 --> 00:29:32,880 that we don't have anything untoward happening between now and 462 00:29:32,960 --> 00:29:36,559 the time they figure out how to pass the FAISA extension. 463 00:29:37,039 --> 00:29:39,160 So let's talk a little money. And oh, by the way, 464 00:29:40,000 --> 00:29:45,519 I recording this podcast obviously as we're doing it, but 465 00:29:45,720 --> 00:29:51,920 the first Financial Friday podcast after I finished this one, 466 00:29:51,920 --> 00:29:54,039 we're going to fire up that one. So give me, 467 00:29:54,599 --> 00:29:56,359 give me a little bit of time and we'll post 468 00:29:56,400 --> 00:30:03,400 the first Financial Friday podcast. I was blown away by 469 00:30:03,559 --> 00:30:07,920 how many people have called or emailed with financial questions. 470 00:30:07,960 --> 00:30:10,680 So We will dig through a whole bunch of them 471 00:30:11,160 --> 00:30:14,359 in the next podcast, but take a look. It'll be 472 00:30:14,480 --> 00:30:18,279 I've got to name it. I guess Tom Sullivan Financial Friday. 473 00:30:18,720 --> 00:30:22,240 Look for that podcast where you get your podcast and 474 00:30:22,519 --> 00:30:25,720 it should be up in a little bit meantime. About 475 00:30:25,720 --> 00:30:31,400 the money, The biggest, the biggest public offering ever was 476 00:30:31,480 --> 00:30:37,880 today SpaceX went public. They were if you were able to, 477 00:30:38,000 --> 00:30:40,799 and that's another whole show is about trying to get 478 00:30:41,200 --> 00:30:45,720 public stock offerings before they go public because they're reserved 479 00:30:45,720 --> 00:30:50,640 for the biggest and best clients of Wall Street. Anyway, 480 00:30:51,759 --> 00:30:55,000 it had been priced by the underwriters at one hundred 481 00:30:55,039 --> 00:30:58,079 and thirty five dollars a share, and that would have 482 00:30:58,119 --> 00:31:02,079 made it at one point seven truly offering, which would 483 00:31:02,119 --> 00:31:06,160 be the biggest ever. So that rolled around this morning 484 00:31:06,400 --> 00:31:09,720 and I guess it was around market opens at nine 485 00:31:09,880 --> 00:31:12,079 thirty Eastern. I think it was about an hour later, 486 00:31:12,160 --> 00:31:16,119 somewhere around ten thirty it started trading, and it started 487 00:31:16,160 --> 00:31:19,720 trading at one hundred and fifty dollars. So if you 488 00:31:19,839 --> 00:31:23,960 were signed up to get some SpaceX stock but you 489 00:31:24,039 --> 00:31:29,000 weren't part of the pre offering group, then you got 490 00:31:29,039 --> 00:31:32,640 the stock at one hundred and fifty dollars, which is 491 00:31:32,799 --> 00:31:35,599 why I don't like to buy stocks on their public 492 00:31:35,640 --> 00:31:40,920 offering because usually it's higher than the original underwriting. So 493 00:31:41,039 --> 00:31:44,799 the people in the original group immediately made money, a 494 00:31:44,839 --> 00:31:47,799 lot of money, and then it kept climbing after that 495 00:31:47,839 --> 00:31:50,920 instead of pulling back because it's a lot of I mean, 496 00:31:50,920 --> 00:31:55,640 look at SpaceX is not profitable. They lose an awful 497 00:31:55,640 --> 00:31:59,920 lot of money. This is truly a bet on Elon 498 00:32:00,240 --> 00:32:05,799 Musk vision. And he I mean, he's out there, but 499 00:32:06,079 --> 00:32:10,240 he's he's obviously called some close ones. I mean, Tesla 500 00:32:10,359 --> 00:32:13,519 almost didn't make it, and SpaceX almost didn't make it, 501 00:32:14,000 --> 00:32:16,359 but they he pulled it out and they turned the 502 00:32:16,400 --> 00:32:20,319 things around. But anyway, the stock went up from one 503 00:32:20,400 --> 00:32:24,599 hundred and fifty up to what was the high water 504 00:32:24,680 --> 00:32:29,039 mark today, about one hundred and seventy six dollars. That 505 00:32:29,240 --> 00:32:33,000 was so I guessed around one o'clock this afternoon, and 506 00:32:33,039 --> 00:32:36,119 then it just kind of went down a little bit, 507 00:32:36,200 --> 00:32:41,720 finishing at one hundred and sixty dollars one hundred sixty 508 00:32:41,759 --> 00:32:45,799 one dollars and eleven cents. So if you bought at 509 00:32:45,839 --> 00:32:48,599 one hundred and fifty, you made some money. Today the 510 00:32:48,640 --> 00:32:52,440 stock was up about twenty five percent or so, which 511 00:32:52,720 --> 00:32:56,079 was that's pretty good first day showing. So here's Elon 512 00:32:56,240 --> 00:33:02,519 Musk talking to the employee at SpaceX. So they launched, 513 00:33:03,160 --> 00:33:07,880 they launched a SpaceX rocket just before he made his 514 00:33:07,880 --> 00:33:11,440 announcement today. So it was all very choreographed. And the 515 00:33:12,240 --> 00:33:16,400 place is full of employees and the reason why they 516 00:33:16,440 --> 00:33:19,440 are all excited is not only because of the work 517 00:33:19,480 --> 00:33:24,400 they're doing, but about four thousand of them as employees 518 00:33:24,519 --> 00:33:31,720 got stock. And so today about four thousand new millionaires 519 00:33:32,000 --> 00:33:37,720 were made at SpaceX. The employees, many, many, many, many 520 00:33:37,759 --> 00:33:41,200 of them became millionaire city because they had stock as 521 00:33:41,279 --> 00:33:47,400 part of their employment agreement. Some of the stock. Yeah, 522 00:33:47,440 --> 00:33:50,759 the story I saw was that there's some that got 523 00:33:50,920 --> 00:33:56,720 one hundred million dollars today. That don't make you go 524 00:33:56,799 --> 00:33:59,640 to work, won't it. So here's Elon Musk. 525 00:34:00,039 --> 00:34:06,039 Speaker 9: Public for the It was the largest IPO that ever. 526 00:34:07,200 --> 00:34:09,039 And let me tell you, if people had told me 527 00:34:09,119 --> 00:34:12,920 this was the going to happen, I was like, man, 528 00:34:12,960 --> 00:34:17,519 you must be smoking some really good crack because I 529 00:34:17,559 --> 00:34:21,960 think this company is going to fail. I mean I 530 00:34:22,719 --> 00:34:29,639 gave I gave SpaceX less than a ten percent chance 531 00:34:30,679 --> 00:34:35,000 of succeeding at all. To be clear. In fact, I 532 00:34:35,039 --> 00:34:37,000 told people this, look, we're probably going to fail, but 533 00:34:37,039 --> 00:34:39,440 you know, we should give it a try, because if 534 00:34:39,440 --> 00:34:43,559 we don't, if there's not a new company that enters space, 535 00:34:44,119 --> 00:34:48,880 we will never be a truly spacefaring civilization. You know, 536 00:34:48,920 --> 00:34:52,679 while the other aerospace companies they build good rockets and everything, 537 00:34:52,719 --> 00:34:56,360 they they were simply not pursuing the technology that's necessary 538 00:34:56,400 --> 00:35:03,480 to make life multiplanetary, to yeah, to make to make 539 00:35:03,519 --> 00:35:09,280 star trek, to make the exciting science fiction futures that 540 00:35:09,320 --> 00:35:13,119 we've read about real. And that's what SpaceX is all about, 541 00:35:13,920 --> 00:35:17,360 is to take the fiction out of science fiction and 542 00:35:18,119 --> 00:35:22,639 create an exciting, inspiring future for everyone. We want to 543 00:35:22,679 --> 00:35:24,760 be able to take anyone who wants to go to 544 00:35:24,840 --> 00:35:27,199 the Moon, anyone who wants to go to Mars, or 545 00:35:27,239 --> 00:35:29,519 anywhere in the Solar System, and maybe beyond the Solar 546 00:35:29,559 --> 00:35:31,679 System at some point. We want to be able to 547 00:35:31,760 --> 00:35:36,800 take you there, not just a few astronauts. I mean you, 548 00:35:37,719 --> 00:35:41,119 literally you, if you watch whoever you are watching this, 549 00:35:42,079 --> 00:35:43,639 SpaceX wants to be able to take you to the 550 00:35:43,639 --> 00:35:48,079 Moon and take you to Mars and ultimately beyond. And 551 00:35:50,239 --> 00:35:54,920 I'm confident at this point that with the incredible team 552 00:35:55,239 --> 00:35:57,400 that we have here as SpaceX, that we will do 553 00:35:57,480 --> 00:36:10,079 that for you. I always think about this that there 554 00:36:10,119 --> 00:36:12,880 are there are always problems on Earth. 555 00:36:12,920 --> 00:36:13,960 Speaker 1: There are always problems on Earth. 556 00:36:14,000 --> 00:36:16,760 Speaker 9: There are always things that we wish to be better, that 557 00:36:16,800 --> 00:36:18,800 we want to solve here on Earth, and we should 558 00:36:18,800 --> 00:36:21,599 solve them. But but there also have to be things 559 00:36:22,079 --> 00:36:25,480 that get you excited about the future, that make you 560 00:36:25,599 --> 00:36:28,960 glad to wake up in the morning because you can't 561 00:36:28,960 --> 00:36:33,519 wait to see what happens next. And that's the future 562 00:36:33,639 --> 00:36:35,159 that SpaceX wants to bring to you. 563 00:36:37,159 --> 00:36:44,360 Speaker 1: Yeah, yeah, they're cheering for lots of reasons, but I 564 00:36:44,480 --> 00:36:47,559 like it. It's very inspirational. So you want a job 565 00:36:47,599 --> 00:36:50,000 where you wake up in the morning and can hardly 566 00:36:50,039 --> 00:36:54,800 wait to find out what's next. So congratulations to Elon Musk, 567 00:36:54,840 --> 00:36:59,039 Congratulations to all the millionaires that now work at SpaceX. 568 00:36:59,559 --> 00:37:01,320 And who who knows what this is going to go. 569 00:37:01,639 --> 00:37:02,880 You heard him, he said he only gave it a 570 00:37:02,920 --> 00:37:06,440 ten percent chance of success, and yet he's he's launching 571 00:37:06,719 --> 00:37:14,960 rockets all the time, for satellites, for his for the 572 00:37:15,000 --> 00:37:18,360 internet service that he has that works off of satellites, 573 00:37:18,400 --> 00:37:23,280 for launching government payloads for I mean it's on and on, 574 00:37:23,320 --> 00:37:25,960 and it's been wildly successful. And then to have the 575 00:37:26,039 --> 00:37:29,559 rockets come back and be caught by an arm so 576 00:37:29,639 --> 00:37:32,679 that they can reuse them again is pretty phenomenal. So 577 00:37:32,719 --> 00:37:37,360 that's what's going on today over the weekend. Well, we 578 00:37:37,480 --> 00:37:40,280 got the World Cup starting today, and it started yesterday 579 00:37:40,280 --> 00:37:44,280 in Mexico City in Mexico one two to nothing. Tonight, 580 00:37:44,360 --> 00:37:48,800 the USA kicks off the World Cup in Los Angeles. 581 00:37:49,679 --> 00:37:53,960 They're going against Paraguay nine o'clock Eastern time tonight. And 582 00:37:54,239 --> 00:37:56,519 they said at the Los Angeles Stadium, Well, what do 583 00:37:56,559 --> 00:38:00,480 you mean we're I think I know Los Angeles decently. Well, 584 00:38:01,159 --> 00:38:04,320 I've never heard of the Los Angeles Stadium. It's the 585 00:38:04,360 --> 00:38:12,639 Sofi Stadium in Inglewood. Apparently the World Federation for Soccer 586 00:38:12,760 --> 00:38:17,159 doesn't allow commercial naming rights, so Sofar's name had to 587 00:38:17,199 --> 00:38:20,920 be covered up. It's now the Los Angeles Stadium. And 588 00:38:20,920 --> 00:38:24,719 I guess all of them. The Tea Mobile Stadium in Seattle, 589 00:38:25,039 --> 00:38:29,440 Levi Stadium in San Francisco. I don't know what they're 590 00:38:29,440 --> 00:38:33,480 going to do over at MetLife. They'll hang some. There's 591 00:38:33,519 --> 00:38:38,960 eleven stadiums, seventy eight matches in the US, eleven different cities. 592 00:38:39,920 --> 00:38:42,320 But the sad part is is there's all the news 593 00:38:42,320 --> 00:38:46,440 media is going around showing how intense the security is 594 00:38:47,119 --> 00:38:51,199 for these soccer games, and you would think people would 595 00:38:51,239 --> 00:38:55,000 be happy, but it puts a paul on it. And 596 00:38:55,079 --> 00:38:59,960 speaking of security, and over the weekend, I never mentioned 597 00:39:00,199 --> 00:39:05,719 Wednesday night was the biggest rebound ever by an NBA 598 00:39:05,840 --> 00:39:08,280 team in the finals, where the New York Knicks came 599 00:39:08,280 --> 00:39:12,679 back from a twenty nine point deficit to win. So 600 00:39:12,719 --> 00:39:15,400 they are three games to one. They're going to be 601 00:39:15,400 --> 00:39:20,360 in San Antonio Tomorrow night at Game five at eight 602 00:39:20,559 --> 00:39:24,400 thirty pm Eastern time. But I wonder if Taylor Swift 603 00:39:24,480 --> 00:39:29,159 is going, you see where, because the President went Monday 604 00:39:29,239 --> 00:39:33,239 night and the Knicks lost, and he wasn't there Wednesday night, 605 00:39:33,920 --> 00:39:36,719 but Taylor Swift and all the celebrities were, and they 606 00:39:36,760 --> 00:39:40,400 gave people were giving Taylor Swift credit for breaking the 607 00:39:41,079 --> 00:39:45,360 Trump curse. They already they already named it the Trump curse. 608 00:39:45,440 --> 00:39:48,320 So I don't know if she's going Tomorrow night in 609 00:39:48,400 --> 00:39:52,719 San Antonio or not. And then of course tomorrow is 610 00:39:55,079 --> 00:39:59,360 the cage match. Said tomorrow or Sunday, I'm not sure 611 00:39:59,400 --> 00:40:02,039 the cage match for the big the big thing that 612 00:40:02,079 --> 00:40:04,280 they build on the south lawn of the White House, 613 00:40:04,920 --> 00:40:08,360 and it's Donald Trump's yeah Sunday. Yeah, He's going to 614 00:40:08,440 --> 00:40:12,960 be eighty on Sunday. And it's also Flag Day, so 615 00:40:13,079 --> 00:40:17,880 put your flags out on Sunday. And I saw an 616 00:40:17,920 --> 00:40:21,000 interview with the head of UFC and he says, yeah, 617 00:40:21,079 --> 00:40:25,639 he says, outdoors makes a difference. It's it's it's hot, 618 00:40:25,719 --> 00:40:29,039 it's hot, and and it's really hot on the East Coast. 619 00:40:29,039 --> 00:40:32,280 It's gonna be really hot in Washington on Sunday. It's 620 00:40:32,320 --> 00:40:35,719 going to be very humid and apparently a lot of 621 00:40:35,760 --> 00:40:39,440 bugs and if you are a UFC fighter that apparently 622 00:40:39,639 --> 00:40:46,840 is debilitating somehow. So again Wall Street, let's see what 623 00:40:47,039 --> 00:40:50,599 we had happened there today, because we gave you the 624 00:40:51,000 --> 00:40:56,760 numbers on SpaceX. The overall market did well. Dow up 625 00:40:57,119 --> 00:41:01,400 three hundred and fifty three, the fifty one thousand and 626 00:41:01,440 --> 00:41:05,159 two to oh two. That's a new record. S and 627 00:41:05,239 --> 00:41:09,440 P up thirty seven, NASDAC up seventy nine, Gold up 628 00:41:09,480 --> 00:41:12,039 one hundred and twenty one dollars to four thousand and 629 00:41:12,079 --> 00:41:16,320 two thirty five. In oil continuing to drop down another 630 00:41:16,960 --> 00:41:20,719 three bucks today, is now down to eighty four dollars 631 00:41:21,360 --> 00:41:24,719 for one barrel of oil. That's it for today, and 632 00:41:24,800 --> 00:41:30,119 again a reminder of the other podcast it'll be up 633 00:41:30,480 --> 00:41:35,039 shortly of the Tom Sullivan Financial Friday podcast, in which 634 00:41:35,079 --> 00:41:38,639 we're going to try and resurrect an old format that 635 00:41:38,679 --> 00:41:41,199 we did many years ago on this program, where we 636 00:41:41,320 --> 00:41:45,719 take your financial questions and give you the best answer 637 00:41:45,760 --> 00:41:48,880 we can. The phone number if you want to chime in, 638 00:41:48,920 --> 00:41:51,039 you want to leave a question, you want to ask 639 00:41:51,079 --> 00:41:54,159 a question, you've got an observation, The phone number is 640 00:41:54,199 --> 00:41:59,480 eight five five two nine five sixty six hundred. If 641 00:41:59,519 --> 00:42:02,559 you can't thember, the number, it's on my website, Tomsullivan 642 00:42:02,719 --> 00:42:07,920 dot com. Eight five five two nine five sixty six hundred. 643 00:42:08,320 --> 00:42:12,320 Have yourself a wonderful weekend. We'll be back on Monday. 644 00:42:12,960 --> 00:42:13,920 I hope to see you then