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Speaker 1: And hello, how are you welcome to the Big Podcast

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on this Wednesday. Today is the sixth day of May,

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Year of Our Lord, twenty twenty six. My name is

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Tom Sullivan. And lo and behold, this is another twist

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and turn regarding the conflict with Iran. I mean, I'm

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not quite there's a lot of confusion. Let me put

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it that way. Actual's probably has the best somewhat exclusive

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reporting on this before the market opened, about an hour

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before the market opened this morning. And this is what

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happens is the President makes announcements about the war and

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just before the market and trying. I'm convinced that he's

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very sensitive to what the stalking bond markets are doing

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and he likes to give them something that will maybe

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boost the markets, and it has today. But essentially the

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headline is the US and Iran are closing in on

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a one page memo to end the war. Well, that's

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a threatch I mean, you've got you can't put on

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one page nuclear issues and the strait of horror moves

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and the missiles and the drones and the no, you

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can't put it on one page. But that is what

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we are dealing with. That came up the White House

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came up up with one page memorandum of understanding to

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end the war. So let me ask you something, is

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this is this the president blinking? Did he just blink again?

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Because there's he's he sets up all kinds of deadlines.

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I mean, we had what did they call that? Uh,

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it was less than forty eight hours ago about the

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whole thing, about the the operations in the strait of

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our moves and and all of that, and that now

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all of a sudden, that's been caught, that's been called off.

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So this this makes you wonder are we saying is

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this the president just wanting out so badly? And is

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that where other countries know that America's leadership will not

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see it through. We've played General Jack Keen over and

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over again, a bunch of them yesterday and a couple

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of regularly, a lot of military people going, we need

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to finish the military part of this. We stopped, we

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stopped short. We had about two more weeks worth of

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military effort, and it was called off so that we

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could have negotiations. And the negotiations never went anywhere, and

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people flew to Pakistan then flew back again, and so

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we're not getting anywhere on the negotiations. It does seem

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to me that the military strikes are going to have

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to finish this off in order for this to come

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to an end. But a one page memorandum of understanding

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will bring the war to an end. Count me as

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leary at the very lace. Anyway, it's one page, fourteen

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point memorandum. Let me read this to you because it is.

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It's just bizarre to me. It doesn't make any sense.

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This is from last night. This is true, social the

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President wrote. Based on the request of Pakistan and other countries,

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the tremendous military success that we have had during the

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campaign against the country of Iran, and additionally the fact

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that great progress has been made toward a complete and

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final agreement with representatives of Iran, we have mutually agreed

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that while the blockade will remain in full force and effect,

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Project Freedom, that's the one that was announced just forty

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eight hours ago, and already it's been pulled. He gave

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it forty eight hours to see how it would work.

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Apparently didn't like it. Anyways. The Project Freedom, the movement

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of ships through the Strait of Hormuz, will be paused

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for a short period of time. To see whether or

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not the agreement can be finalized and signed. President Donald J. Trump.

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All right, that was last night. Today this morning, well

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less than an hour before the market's opened, he wrote

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the following, assuming Iran agrees to give what has been

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agreed to, Wait a minute, hold it. I'm not laughing now,

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it sounds like it. I'm crying. Actually, listen to this,

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he says, Assuming Iran agrees to give what has been

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agreed to, there's been nothing agreed to. This is where

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he lives in a world of what he wants. Is

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the way he takes this is Donald Trump, the way

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he takes it just he has. I don't know if

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it's dreaming or wishful thinking or positive thinking, but he writes,

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assuming Iran agrees to give what has been agreed to,

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it hasn't happened, which is perhaps it's a big assumption.

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Yes it is. The already legendary epic fury will be

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at an end, and the highly effective blockade will allow

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the horror moves straight to be open to all, including Iran.

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If they don't agree, the bombing starts, and it will

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be sadly at a much higher level and internally than

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intensity than it was before. Thank you for your attention

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to this matter, President Donald J. Trump. So he starts

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off by kind of his dream world or his wishful

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thinking world about if they agree to what they've agreed to,

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which they haven't agreed to, and then he throws a

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thread in there that we're going to and he always

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wants to talk really tough about it's not working. You

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can threaten them, you can talk tough to them, it's

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not working with the regime that's running the IRGC not

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bending based on your tough talk. So that's where things

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stood this morning. Now the only part of this is

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once again he is threatened to bomb them if they

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don't agree to what has already been agreed to, which

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makes no sense. I doubt that they're going to agree

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to anything. And I also doubt because he says it

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over and over against the boy who cried Wolf, that

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he's going to start bombing them and it will be sadly,

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what do you mean, sadly, at a much higher level

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and intensity than it was before. I don't believe it.

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I'll be shocked to see that he actually does military

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action again. He has held off, he has avoided, he's

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done everything he can to stop before military action takes place.

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He doesn't want to use military force. It's clear to me.

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So we'll see what we've got going here. But I

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think this is just another bunch of pablem I really

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do so. Edward Fisher, he is a professor at Columbia,

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He's a foreign relations expert. He was asked about all

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of this. Let's see what he says.

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Speaker 2: I think it's an admission that Project Freedom is dead

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on arrival. It was not working.

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Speaker 1: As you said.

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Speaker 2: Yesterday we got two ships through the strait and today zero.

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And beyond that, the Iranians retaliated right they struck, They

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tried to strike some US warships, they blew up a

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Korean vessel, a Korean cargo ship, and they launched.

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Speaker 1: Attacks on the UAE.

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Speaker 2: So I think this is an admission that it wasn't

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working and we're still in this bind where in order

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to end this oil crisis, we need to reopen the

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Strait of Hormuz, but it doesn't seem like we're going

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to get that absence some sort of diplomatic agreement.

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Speaker 1: Okay, back to the reporting by Axios, they say that

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in the current form the memorandum of understanding would declare

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an end to the war in the region and start

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a thirty day period of negotiations on a detailed agreement

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to open the strait, limit Iran's nuclear program, and lift

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US sanctions. So it's not an agreement, it's the start

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of a negotiation to find an agreement. That's one part

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of it. The negotiations could happen in Islamabad, Pakistan, or

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in Geneva, Switzerland. Apparently that's up in the air. Iran's

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restrictions on shipping through the strait, and the US naval

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blockade would be gradually lifted during the thirty day period,

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so it would not be overnight, and if the negotiations collapse,

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US forces would be able to restore the blockade or

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resume military action. I'll believe it when I see it.

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So the US wants to insert a provision where any

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Iranian violation on enrichment would prolong the moratorium and also

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allow them to ownly rich up to a level of

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three point six seven percent. Huh after it expires, which

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is apparently that's being debated. Iran wance five years. We're

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talking fifteen years. President has said there will never be

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an expiration on enrichment, Iran would commit to never seek

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a nuclear weapon. Ever, Iran would also commit to enhanced inspections,

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and the US would commit as part of the agreement,

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to gradual lifting of the sanctions. So there's a lot

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of confusion about is this just a bunch of goggly

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book about we're going to agree to agree, maybe we're

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going to have negotiations. Maybe a lot of confusion about

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all of this. Colonel Cedric Clayton, who's a military consultant,

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says the following.

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Speaker 3: And when you look at something like this happening, you

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usually a Project Freedom type endeavor is done when you

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can really close off the kinetic option. But in this

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particular situation, we really don't have a final moment here

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in the kinetic side of things. And I think Epic

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Fury was terminated perhaps prematurely, just from a military operational perspective,

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And as Eddie was mentioning, there are no real finishing

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touches to any of this. It seems as if neither

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the kinetic option nor the Project Freedom option, which is

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an escort basically an escort mission I came through and

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that shows that there is at least some level of

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either confusion or disorganization when it comes to what the

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White House is doing right now.

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Speaker 1: Yeah, confusion or disorganization good way to put it. Kareem Sadjapoor,

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he is the Iranian expert, and he was asked, what

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do you he thought the Ron would respond to.

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Speaker 4: I kind of think of President Trump as the Jackson

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Pollock of grand strategy, the great artist Jackson Pollock, and

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that you know, too many observers, he's just kind of

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violently throwing paint on canvas. To his supporters, they will

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say that's the art of the deal. He's keeping the

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run in regime on its toes. And it is true

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that Tehran, it's impossible for those of us who live

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in Washington to read President Trump's intentions, let alone the

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Irunian government and the Iron government. They've been It's not

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an exaggeration to say they've been obsessed with the United

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States government for forty seven years. They've been preparing for

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this moment, and they're usually a pretty keen judge of

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US resolve. And I think if they feel that President

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Trump's resolve is waning and he wants to end this war,

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you will see, John, their demands will increase, and they're

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risk tolerance and provocations will also increase as well.

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Speaker 1: Yeah, if they think that the president blinked, if they

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think that the President wants to get out of this thing,

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then they're going to up there. That gives them the

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upper hand. They're then going to be able to negotiate

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from a position of strength. Brett Bear, the Fox Washington

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political guy, he well, he put it very eloquently. He

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talked about the fact that this is aspirational. In other words,

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I go back to again, it's it's interesting trying to

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figure out what makes up Donald Trump, and part of

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it is he lives in a world that he wishes

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was reality, but it's not. It's aspirational.

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Speaker 5: Yeah, now, listen, this is aspirational. And I think that

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again we're in the same spot of not knowing which

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Iranian leaders were dealing with. However, I think the President

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is looking at this as a possibility and wants to

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reach for it, and that's why he's giving it this time.

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Speaker 1: Richmond. Part is key.

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Speaker 5: I mean, there's a moratorium on enrichment under this plan,

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and it's much more aggressive as far as making sure

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they're living up to that. But the strait of removes

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part is crucial, as we've talked about, and keeping that open.

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I mean, we don't get obviously as much oil out

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of that straight as other countries, but it obviously affects

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everything it does.

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Speaker 1: Indeed, I don't know what your thoughts are. Do you

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think that this is the president being a clever negotiator

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or is he throwing in the towel. David Albright, he

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is a nuclear inspector. He's one of the people involved

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in going to these sites and seeing if they have

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nuclear capabilities and enrichment or whatever they might have. This

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is his reaction to what's going on.

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Speaker 6: Well, one is, before the war started in June, Iran

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was able to build nuclear weapon if it decided to

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do so within months and have high certainty it would work.

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Now they aren't able to do that. I mean there's

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intelligence assessments that have become public recently say they'll need

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a year. I would probably say perhaps longer, but more importantly,

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they the weapon may not work. That much of the

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nuclear weaponization infrastructure of Iran's program has been destroyed, so

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it's not just the enriched geranium that matters. That's critical,

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and that's really the centerpiece of all the negotiations right now,

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but the ability to make the bomb itself is important.

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So I think they've been Ron has been seriously set back.

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And instead of US facing a program where at any

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moment Iran could decide to build a bomb quickly within months,

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now we're with a program that, if it decided to

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build a bomb, would take more like a year, and

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there'd be roadblocks along the way that that would have.

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They would be facing their own uncertainty of whether they

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could succeed, and so the probability that it wouldn't work

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would would be potentially substantial. So I think the war

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created quite a bit of damage to the program.

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Speaker 1: So as a nuclear inspector, what does David Albright think

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are the roadblocks to get a piece deal?

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Speaker 6: Well, there's a couple of things. One is the enriched

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uranium stocks very important and those have to be part

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of a deal to preferably from a US point, if

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you remove the enriched uranium from Iran and that and

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you want to create further roadblocks on Iran's ability to

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build the bomb, and that's a very good way to

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do it. Another part of it, though, is is that

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Iran has to They've got to commit not to build

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nuclear weapons, and and I my point of view, the've

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got to admit that they do it. They always deny it,

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but we know they've been working on nuclear weapons for decades,

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and so you have to have a commitment not to

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do it, and then you have to have some good

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inspections that verify that the program has ended. And so

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I think that that's and I see from some of

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the reporting that the Trump administration is considering that. But

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that's always one of the hardest things for Ron to

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accept because I think, no matter what, they want to

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be able to reconstitute to build nuclear weapons, to have

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that option, if not actually implemented, and these negotiations have

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to just end that ambition on the part of Iran.

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The war has made that goal much harder for Ron

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to accomplish. But it didn't end it.

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Speaker 1: Yeah, his last words, but it did not end it.

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Iran is absolutely focused on getting a nuclear weapon and

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as soon as they possibly can. It may be years

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and maybe weeks, maybe months, but they are focused on that.

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That is why the regime has to be eliminated. They've

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got to put new people in power in Iran who

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will have a different attitude about things. Here's the president

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last night before this big announcement was made this morning,

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But this is him basically wanting Iran to wave the

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white flag.

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Speaker 7: Other presidents should have done this forty seven years, they've

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been toying with these stupid people. That's not the way

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we play now.

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Speaker 1: If we do it the old.

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Speaker 7: Fashioned way, and they should wave, they're very proud. Maybe

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you won't see a white flag, but essentially that's already

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what they are.

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Speaker 1: They need.

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Speaker 7: They should wave the white flag, the white flag of surrender.

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Speaker 1: Well, who's surrendering here? It sounds yeah, he's waving the

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white flag on his on his mind. Carl Quintinella is

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one of the anchors over on C and B saying

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that we're talking about a report coming out of Reuters,

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extensive research done by Reuters about the capabilities of Iran

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to build a nuclear weapon. It's hard.

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Speaker 8: I mean, Reuters did a piece yesterday citing US intelligence

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indicating that the time Iran would need to build a

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nuclear weapon has not changed since last summer. So a

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lot of these things we won't have answers to probably

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for years.

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Speaker 1: Yeah, they're still debating about the bombing that we did

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with last with Israel last summer, last June, and did

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we obliterate their ability to build nuclear weapons or not?

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The debate still goes on. Rebecca Heinrich from the Hudson Institute,

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she studies this, that's what her area of study is.

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Let's see what she thinks.

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Speaker 9: Well, I think that there are some who would take

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the deal. I don't know that that's what President Trump

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is going to want, and he wants no enrichment. But

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we've significantly degraded the nuclear program and eliminated so many

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of their nuclear scientists that had to know how. I'm

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already confident that the nuclear program has been dramatically set back,

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probably more than three years already. But the problem, as

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President Trump continues to make clear, is we don't really

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still have an idea of who's in control in Iran.

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So even if there's some politicians that want to make

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a deal, we still have IERGC militiaman shooting cruise missiles

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at American Navy ships, and that is intolerable to the

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United States. The Iran cannot continue to threaten and coerce

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the Strait, and so to me, I think that we

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might have ended epic fury, but we might have fast

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and furious that may resume or may take initiative here

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to eliminate those targets that still remain in Iran, to

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finally eliminate the threats to the strait, and then also

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eliminate those people who are standing in the way of

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a deal.

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Speaker 1: She's talking about military action, and you eliminate the threats,

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namely their drones and their missiles and things like that,

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but also the people, she said, standing in the way

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of a deal. So I wouldn't be a bit Maybe

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00:21:08,440 --> 00:21:11,119
I will be surprised because I'm not sure that President

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Trump is willing to use military action, but if he does,

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I would think that the targets are the IRGC leaders.

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Take them out, be gone with them, and then maybe

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you can get down to the point where you can

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negotiate some sort of deal with others. We talked about

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oil and gas a lot, but there's also other products,

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food products coming out of Iran and also of course fertilizer.

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Manned by the name of Ahmed el Hushei is the

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CEO of a company that that's what they do. They

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export from Iran food and fertilizer, and this is his

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reaction to the current situation.

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Speaker 10: So we're still in the same kind of position of

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the straight up horomos being all but shut, very limited

335
00:22:03,640 --> 00:22:06,599
movements out of there. So producers like ourselves, where we

336
00:22:06,640 --> 00:22:09,079
have some production in Abudawi that does typically go through

337
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the strait of Horomos, we're looking at land based options,

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but they're going to be at a much much lower

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rate than our typical vessel movements.

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Speaker 1: A vessel can hold thirty to fifty thousand tons.

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Speaker 10: A truck to get to another port can hold about

342
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twenty five tons, so you can imagine logistically it's a

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bit of a big change for us here within.

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Speaker 1: The straight up promos.

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Speaker 10: So, I mean, I think as it's persistently over the

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last couple of months, I think the global food position

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has been We've been in a decent position because harvests

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have been relatively good, weather's been relatively good, and a

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lot of pre buying a fertilizer, particularly in the United

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States and in Europe happened before February twenty eighth. Unfortunately,

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it does continue. We do anticipate there to be a

352
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lag effect for those that need to buy for the

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new season, those in the Southern Hemisphere, those in Australia

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also South Asia and Latin America. If this persists longer,

355
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we will start seeing it in food prices because the

356
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nitrogen fertilizer, like the arear noose, feeds about half of.

357
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Speaker 1: The world's population.

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Speaker 10: So it's quite an inelastic to that.

359
00:23:05,799 --> 00:23:09,240
Speaker 1: But no surprise, they're able to get some things out.

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But I thought the difference between trucking it and putting

361
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it own a ship is dramatically different. Meantile oil and gas.

362
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Let's look at the prices today. The average price for

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gallon of gasoline, the cheap stuff four dollars fifty four

364
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cents across the country. That's up. That's up a nickel

365
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from yesterday. And diesel five dollars sixty seven cents. That's

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up two cents from yesterday. If you look at the map,

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the whole West Coast is over five dollars, and California

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is all by itself it's six dollars and sixteen cents

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average price for the cheap stuff. Some of the gas

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in California is well over seven seven dollars, which yes,

371
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by the way, speaking of California, so last night I

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watched some of the debate between the people running for governor,

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and little did I know they had what was it,

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I think eight people on the stage last night, maybe seventh,

375
00:24:13,720 --> 00:24:17,039
I lost track. But when if you're in California and

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you're going to be voting, the ballot will have sixty

377
00:24:21,000 --> 00:24:24,759
one names on it for you to choose from for

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the governor. Now this yeah, sixty one two pages, five

379
00:24:31,759 --> 00:24:36,599
columns wide for both pages in small font and you're

380
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going to wander through those names. I found a couple

381
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of names I thought were interesting that are running for governor.

382
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One of them is Living for God and Country Dumot.

383
00:24:47,759 --> 00:24:50,680
That's one of the candidates, and apparently that's his legal name.

384
00:24:52,039 --> 00:24:57,319
There's another guy on there, Barack Obama Shaw. Now you

385
00:24:57,559 --> 00:25:00,079
know people are going to go, oh, Barack oba I

386
00:25:00,240 --> 00:25:05,599
was running And even though he dropped out of the race,

387
00:25:05,759 --> 00:25:08,119
Eric Swalwell's name is still on the ballot, so you

388
00:25:08,200 --> 00:25:11,440
know he's going to pick up some ballots, some votes.

389
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In order to run for governor in California, you've got

390
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to pay a filing fee that's two percent of the salary,

391
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So it's four nine hundred and eighteen dollars. And I'm

392
00:25:26,079 --> 00:25:29,200
thinking Living for God and Country to Mott probably doesn't

393
00:25:29,240 --> 00:25:33,039
have nine hundred and eighteen dollars to throw around. But

394
00:25:33,839 --> 00:25:40,599
you can also alternatively submit six thousand vallid signatures in

395
00:25:40,680 --> 00:25:44,319
lieu of the price of the fee. And I'm thinking

396
00:25:44,359 --> 00:25:47,240
even for living for God and country, Dumott and also

397
00:25:47,359 --> 00:25:52,160
Barack Obama shaw, I don't know, six thousands a lot

398
00:25:52,200 --> 00:25:53,799
of name. They must have stood in front of a

399
00:25:53,839 --> 00:25:57,319
grocery store for a long time. One of the guys

400
00:25:57,319 --> 00:26:00,759
who can afford that without any problem. This guy is

401
00:26:00,920 --> 00:26:05,119
just a weird duck. He just is Tom Steyer. He

402
00:26:05,279 --> 00:26:09,599
ran for president I forget five six years ago. He

403
00:26:09,720 --> 00:26:17,119
got nowhere, is a billionaire. He made his money off

404
00:26:17,160 --> 00:26:23,440
of oil and gas and coal and coal mines, and

405
00:26:23,559 --> 00:26:28,240
yet he's turned into this crazy environmentalist. And yet that's

406
00:26:28,279 --> 00:26:31,920
where he made his billions. Private prisons. He made a

407
00:26:31,960 --> 00:26:35,480
bunch of money off private prisons. So he was very

408
00:26:36,359 --> 00:26:39,880
just annoying. He has kind of an annoying personality. The

409
00:26:39,960 --> 00:26:42,880
guy who seemed like mister nice guy, and I've actually

410
00:26:43,359 --> 00:26:46,240
heard from people who know him he is down to

411
00:26:46,319 --> 00:26:51,279
earth nice guy is Javier Bisera. He was the state's

412
00:26:51,279 --> 00:26:56,279
attorney general. Then Biden picked him to be the head

413
00:26:56,559 --> 00:27:00,440
of Health and Human Services, and during covid heard a

414
00:27:00,559 --> 00:27:04,240
peep from him. He's a he's a bureaucrat. He's been

415
00:27:04,279 --> 00:27:09,319
in he's been in Congress or in state government forever. Again,

416
00:27:09,480 --> 00:27:14,440
nice man, but all he did was propose ideas that

417
00:27:14,480 --> 00:27:18,759
would cost a lot of money. He's a typical Washington

418
00:27:18,759 --> 00:27:21,279
guy that just yeah, no problem, we just but they

419
00:27:21,319 --> 00:27:23,880
have to balance their books in a state kind of

420
00:27:24,000 --> 00:27:28,720
they pretend. So he proposed medicare for all. And even

421
00:27:28,839 --> 00:27:33,079
Katie Porter, the woman that has a apparently not well

422
00:27:33,279 --> 00:27:37,279
liked personality, but she she was bending over backwards to

423
00:27:37,319 --> 00:27:41,359
be miscongeniality. I mean, she was as nice as pie,

424
00:27:42,359 --> 00:27:45,200
but she brought up I think it was her that

425
00:27:45,240 --> 00:27:48,039
brought up the fact that she said She kept asking him,

426
00:27:48,039 --> 00:27:50,440
are you saying you want to cover every single person

427
00:27:50,559 --> 00:27:54,680
in the state of California, legal and illegal? And he said,

428
00:27:54,880 --> 00:27:57,319
I'm for Medicare for all. He would not answer the question.

429
00:27:57,759 --> 00:28:01,599
But even so, Medicare for all would not cover every

430
00:28:01,640 --> 00:28:05,920
single person, but it would cost for forty some million

431
00:28:05,960 --> 00:28:08,359
people that live in California, it would be a five

432
00:28:08,480 --> 00:28:16,079
hundred billion dollar cost. The annual total spending of the

433
00:28:16,079 --> 00:28:19,960
government of California is three hundred billion, so it'd be

434
00:28:20,000 --> 00:28:23,599
more almost double what they spend on everything right now.

435
00:28:23,920 --> 00:28:27,799
So he had terrible ideas and all he wants to

436
00:28:27,799 --> 00:28:33,000
do is just spend. There was no restraint. Well there

437
00:28:33,079 --> 00:28:35,839
was one, the mayor of San Jose A matt In

438
00:28:35,880 --> 00:28:38,960
Mayhan I think is his name. He is very low id,

439
00:28:39,200 --> 00:28:41,240
so he's probably not going to win, but he was

440
00:28:41,319 --> 00:28:44,839
kind of the most moderate Democrat there and he was

441
00:28:44,839 --> 00:28:47,359
talking about you can't spend more than what you bring in,

442
00:28:47,359 --> 00:28:50,759
in other words, your tax revenues. You can't spend more

443
00:28:50,759 --> 00:28:53,519
than that. But all the rest of the Democrats were

444
00:28:53,559 --> 00:28:57,440
all about increasing revenue, increasing revenue. They use the word revenue,

445
00:28:58,400 --> 00:29:01,920
but they don't make anything, so that brings they want

446
00:29:02,000 --> 00:29:10,079
more taxes. It's weird. The two Democrat, the two Republicans,

447
00:29:10,880 --> 00:29:15,160
sheriff of Riverside County and Steve Hilton, who used to

448
00:29:15,200 --> 00:29:18,839
work for the British government then he became a US citizen,

449
00:29:18,960 --> 00:29:22,400
moved here. He went to work as a commentator on

450
00:29:22,519 --> 00:29:25,240
Fox and that is of course held over his head

451
00:29:25,480 --> 00:29:30,599
because he first of all Republican, but he's leading in

452
00:29:30,680 --> 00:29:34,720
the polls and he has some down to earth, common

453
00:29:34,839 --> 00:29:38,160
sense type of ideas. So it was it was interesting

454
00:29:38,160 --> 00:29:41,640
to watch. And I know this is probably close to

455
00:29:41,720 --> 00:29:46,799
being petty, but I'm big on There was a book

456
00:29:46,839 --> 00:29:49,240
written many many years he would call dress for Success.

457
00:29:50,079 --> 00:29:55,400
If you want to be whatever profession you want to

458
00:29:55,440 --> 00:29:58,240
be dressed the way that they dressed. If you want

459
00:29:58,240 --> 00:30:00,400
to be a farmer, you don't wear a suit and tie.

460
00:30:00,839 --> 00:30:03,799
If you want to be a corporate lawyer, you do

461
00:30:03,839 --> 00:30:09,599
wear a suit and tie. So the guy the sheriff

462
00:30:09,240 --> 00:30:14,839
of Riverside County always wears either some form of a

463
00:30:14,880 --> 00:30:18,839
police uniform or has some badge on him somewhere. And

464
00:30:18,920 --> 00:30:22,200
I'm going, you're not running for sheriff, you're running for governor.

465
00:30:22,759 --> 00:30:25,359
And he has. Now this is the petty part of

466
00:30:25,440 --> 00:30:28,519
my part. He has like a cheap sports code he

467
00:30:28,559 --> 00:30:31,839
wears and he does. He just doesn't look like he's

468
00:30:32,000 --> 00:30:38,480
a governor. He doesn't look the part. And I think

469
00:30:38,519 --> 00:30:40,319
the only guy that did with a suit and tie

470
00:30:40,680 --> 00:30:44,200
was in fact Tom Steier. But you want to know

471
00:30:44,279 --> 00:30:47,920
something about him that's strange. He has this like a

472
00:30:48,000 --> 00:30:53,200
Scottish tie that he wears. It's the only tie he wears.

473
00:30:53,240 --> 00:30:55,480
Apparently he has a number of them in case he

474
00:30:55,599 --> 00:30:58,440
needs to drop food on him or something. But he

475
00:30:58,480 --> 00:31:05,599
wears a red Scottish high always everywhere, never anything else.

476
00:31:05,640 --> 00:31:12,160
He's just a strange man. So I will be interested

477
00:31:12,200 --> 00:31:16,119
to see if the people of California are smart enough

478
00:31:16,119 --> 00:31:19,720
to figure out to vote for Steve Hilton. He does

479
00:31:19,759 --> 00:31:21,720
seem to have the guy. It seems to be the

480
00:31:21,759 --> 00:31:25,599
guy that wants to put common sense into the state.

481
00:31:25,880 --> 00:31:30,400
But here's the problem with Steve Hilton. He is a Republican.

482
00:31:30,599 --> 00:31:34,559
He is a conservative, He's got common sense ideas. He's

483
00:31:34,559 --> 00:31:37,519
not a far right right. He's not a crazy Republican.

484
00:31:37,559 --> 00:31:42,799
He's a moderate Republican. But if he gets elected, he's

485
00:31:42,799 --> 00:31:46,000
got a legislature that is controlled. Both houses of the

486
00:31:46,079 --> 00:31:51,039
legislature are dominated by Democrats. I don't know how he's

487
00:31:51,079 --> 00:31:55,200
going to get anything done, but it would be obviously

488
00:31:55,880 --> 00:32:00,359
an amazing start. And speaking of states, Ohio also had

489
00:32:00,480 --> 00:32:06,119
their primary yesterday. Ramaswami, Oh my gosh, he walked away

490
00:32:06,160 --> 00:32:10,200
with it. He had eighty two percent of the vote

491
00:32:10,319 --> 00:32:13,960
versus his competitor at seventeen percent, so we overwhelmed them.

492
00:32:14,559 --> 00:32:18,160
Also running for Senate Sharad Brown, who used to be

493
00:32:18,279 --> 00:32:23,000
the Senator from Ohio. He won the Democrat nomination easily

494
00:32:23,039 --> 00:32:26,240
eighty nine percent of the vote versus ten percent versus

495
00:32:26,240 --> 00:32:33,960
whoever ran against him in Indiana, Trump power is still there.

496
00:32:34,440 --> 00:32:39,720
Republicans still follow whatever he says. The five of the

497
00:32:39,799 --> 00:32:43,400
seven spots that were up for the state Senate race,

498
00:32:43,680 --> 00:32:50,039
in the races in Indiana, the Trump promoted candidate won

499
00:32:50,440 --> 00:32:56,079
five of them. One of the persons that he tried

500
00:32:56,160 --> 00:33:01,519
to get somebody to primary and beat him want the

501
00:33:01,599 --> 00:33:06,200
incumbent one, so one person one and the second one

502
00:33:06,240 --> 00:33:08,839
that he was trying to throw out of office. It's

503
00:33:09,359 --> 00:33:14,200
too close to call. So it's very strong results for

504
00:33:14,359 --> 00:33:19,400
the power of President Trump in local election and back

505
00:33:20,319 --> 00:33:23,400
basically the oil and gas areas. Delta Airlines see what

506
00:33:23,440 --> 00:33:27,400
they said. They said they're going to drop snacks and drinks.

507
00:33:27,400 --> 00:33:30,319
They're not going to serve them on flights that are

508
00:33:30,359 --> 00:33:33,200
three hundred and forty nine miles or less, so short

509
00:33:33,200 --> 00:33:37,039
flights that's basically about a one hour flight. And if

510
00:33:37,039 --> 00:33:42,319
you're on Delta Airlines, no snacks, no drinks, nope. So

511
00:33:42,359 --> 00:33:45,000
that's like La to San Francisco. I mean, there's a

512
00:33:45,000 --> 00:33:47,400
bunch of flights that are less than one hour and

513
00:33:47,440 --> 00:33:51,519
they're just not going to They're cutting back by the

514
00:33:51,559 --> 00:33:56,599
airline industry so far has announced just this month that

515
00:33:56,680 --> 00:34:01,319
they have eliminated flights to the tune of two million

516
00:34:02,839 --> 00:34:06,119
airline seats as they measure it have been cut from

517
00:34:06,240 --> 00:34:10,800
the airline's schedul various airline schedules for the month of May.

518
00:34:11,480 --> 00:34:14,599
Wall Street, well, the markets did respond to the fact

519
00:34:14,639 --> 00:34:17,559
that the President was putting out some As much as

520
00:34:17,639 --> 00:34:20,119
it was confusing to me, maybe not to you, but

521
00:34:20,199 --> 00:34:24,159
to me, it was not apparently confusing to Wall Street

522
00:34:24,159 --> 00:34:27,400
because they were very positive on the fact that any

523
00:34:27,599 --> 00:34:31,480
sign of any store to breakthrough to a peace agreement,

524
00:34:31,719 --> 00:34:35,960
Wall Street responds positively, and they did today. The Dow

525
00:34:36,639 --> 00:34:41,400
up six hundred and twelve to forty nine thousand and

526
00:34:41,519 --> 00:34:45,039
nine ten just below fifty thousand, the SMP up one

527
00:34:45,119 --> 00:34:48,960
hundred and six. That's a new record, NASDAK up five

528
00:34:49,199 --> 00:34:54,039
hundred twelve, that's a huge new record. Gold up one

529
00:34:54,079 --> 00:34:58,159
hundred and thirty eight dollars to four thousand and seven six,

530
00:34:58,880 --> 00:35:02,920
and oil right along with the rest of the markets.

531
00:35:03,159 --> 00:35:08,320
Oil fell seven dollars. West Texas Intermediate crewed ninety five

532
00:35:08,400 --> 00:35:11,880
dollars now for a barrel of oil. That's the lowest

533
00:35:11,880 --> 00:35:14,679
we've seen in a few weeks. So that's it for today.

534
00:35:14,760 --> 00:35:17,519
Thank you for coming by. We'll be back again tomorrow

535
00:35:17,519 --> 00:35:18,840
and I hope to see you then