1 00:00:21,559 --> 00:00:26,920 Speaker 1: And greatans. Everyone, Hello, how are you happy Friday? 2 00:00:27,000 --> 00:00:27,280 Speaker 2: To you? 3 00:00:27,399 --> 00:00:30,960 Speaker 1: Welcome to the Big Podcast on this ninth day of January, 4 00:00:31,719 --> 00:00:34,399 Year of our War, twenty twenty six. My name is 5 00:00:34,399 --> 00:00:36,640 Tom Sullivan. We've got a lot to cover today. The 6 00:00:38,119 --> 00:00:42,719 uproar in Minneapolis is I don't know. I have to 7 00:00:42,719 --> 00:00:46,119 wait to see. It's a Friday. Maybe Friday night it's cold. 8 00:00:46,880 --> 00:00:49,960 We'll see what happens tonight. This morning in Minneapolis there 9 00:00:50,079 --> 00:00:53,799 was a very small I mean like something like ten 10 00:00:53,840 --> 00:00:57,000 to fifteen people were across the road from the Federal 11 00:00:57,039 --> 00:00:59,880 Building in Minneapolis, compared to hundreds that have been there 12 00:01:00,159 --> 00:01:02,280 the last few mornings. So maybe that is starting to 13 00:01:02,320 --> 00:01:08,879 settle down. We've got Republicans voting to extend Affordable Care 14 00:01:08,920 --> 00:01:15,000 Act subsidies, Republicans voting to limit the President's War Powers Act. 15 00:01:15,519 --> 00:01:18,680 We've got the jobs report out today for jobs reports, 16 00:01:18,680 --> 00:01:22,400 it's a clean report that we've had in months. And 17 00:01:22,480 --> 00:01:25,280 the President had a big meeting with oil executives at 18 00:01:25,280 --> 00:01:28,760 the White House today about let's go into Venezuela and 19 00:01:28,799 --> 00:01:30,959 start doing some business. So we've got a lot to 20 00:01:31,000 --> 00:01:35,959 cover today. I will start with Venezuela. I want to 21 00:01:36,000 --> 00:01:38,400 start with the lady. By the way, there's a new 22 00:01:38,480 --> 00:01:43,439 video out and the video is one that was taken 23 00:01:43,480 --> 00:01:46,719 by the officer who actually did the shooting, and it 24 00:01:46,840 --> 00:01:50,799 shows him talking briefly to the woman who was shot, 25 00:01:51,159 --> 00:01:55,840 walking around behind the vehicle, seeing that her wife was 26 00:01:55,879 --> 00:02:02,400 outside of the vehicle, also videotaping, and very aggressive, very 27 00:02:02,480 --> 00:02:05,200 anti ice in their faces to bring it on, bring 28 00:02:05,239 --> 00:02:09,840 it on. And from his perspective, he walked back around 29 00:02:09,840 --> 00:02:12,039 in front of the vehicle and that's when the lady 30 00:02:13,199 --> 00:02:16,319 started going toward him, and you can hear the car 31 00:02:16,520 --> 00:02:20,879 hit him, not severely, but but you can hear the impact. 32 00:02:21,599 --> 00:02:25,360 And so this is this is going to be debated 33 00:02:25,800 --> 00:02:28,919 till the cows come home. It just is about which perspective. 34 00:02:29,120 --> 00:02:30,560 But I think it also has to do with a 35 00:02:30,560 --> 00:02:33,759 lot of confirmation bias. If you're anti ice, you're going 36 00:02:33,840 --> 00:02:36,360 to see something different than the people that are supportive. 37 00:02:37,560 --> 00:02:40,240 But I have to tell you about this lady. People 38 00:02:40,280 --> 00:02:44,919 are talking about that she's some sort of observer. And 39 00:02:44,960 --> 00:02:48,960 I ran across a story out of a local TV 40 00:02:49,039 --> 00:02:54,439 station in Minneapolish. Here's the here's the report. It starts 41 00:02:54,479 --> 00:02:57,800 with the anchor introduced in the reporter who's at this 42 00:02:58,039 --> 00:03:02,159 meeting that they have in Minneapolis of people that are 43 00:03:02,240 --> 00:03:07,039 supposed to be observers of ice listen to this tonight. 44 00:03:07,120 --> 00:03:10,080 Speaker 3: Is still not clear if Renee Good was what's known 45 00:03:10,120 --> 00:03:13,759 as a constitutional observer, but her death is prompting hundreds 46 00:03:13,800 --> 00:03:17,960 of community members to get trained to document ice. Mariy 47 00:03:18,000 --> 00:03:21,280 Glover was at another constitutional observer training in Minneapolis tonight 48 00:03:21,360 --> 00:03:24,560 and Morey, has the message changed since your last story 49 00:03:24,599 --> 00:03:25,360 on Tuesday night. 50 00:03:27,400 --> 00:03:30,120 Speaker 4: Well, these trainings have been in the work for about 51 00:03:30,199 --> 00:03:33,080 a year, but within the last twenty four hours more 52 00:03:33,120 --> 00:03:35,680 than two hundred people have signed up to take part 53 00:03:35,800 --> 00:03:36,719 in tonight's event. 54 00:03:37,599 --> 00:03:42,960 Speaker 5: It's horrifying. My first thought was of Kent State. 55 00:03:43,560 --> 00:03:46,479 Speaker 6: For some at the Cedar Cultural Center on Thursday night, 56 00:03:46,840 --> 00:03:49,919 the death of Renee Good has been a call to action. 57 00:03:50,560 --> 00:03:53,039 Speaker 7: I was planning to do this training anyway, but that 58 00:03:53,199 --> 00:03:56,680 was the that and set told me that it was 59 00:03:56,960 --> 00:03:58,840 time to do it now. It was now or not 60 00:03:59,000 --> 00:04:00,000 at all. 61 00:04:00,000 --> 00:04:02,520 Speaker 6: More than three hundred people showed up for the second 62 00:04:02,599 --> 00:04:07,400 of thirty constitutional observer trainings by the Immigrant Defense Network 63 00:04:07,599 --> 00:04:16,319 across Minnesota over the next few weeks. Other than having 64 00:04:16,360 --> 00:04:19,439 a moment of silence for Good, organizers say they're not 65 00:04:19,680 --> 00:04:23,519 changing their training for community members to observe and document 66 00:04:23,680 --> 00:04:28,120 ICE activity after Goods death because they always train observers 67 00:04:28,160 --> 00:04:32,399 not to interfere with federal agents and to obey their commands. 68 00:04:32,720 --> 00:04:35,439 Speaker 5: We're very clear, we're not here to stop any enforcements. 69 00:04:35,680 --> 00:04:38,360 We're here to observe and DOCUMENTUM Vice president JD. 70 00:04:38,519 --> 00:04:41,319 Speaker 6: Van's claims Good was part of a large left wing 71 00:04:41,439 --> 00:04:44,800 network to make it impossible for immigration agents to do 72 00:04:44,839 --> 00:04:48,360 their jobs, but organizers say observers are there to make 73 00:04:48,399 --> 00:04:52,120 sure the rights of detained individuals are not violated. 74 00:04:52,600 --> 00:04:56,199 Speaker 5: People are here, coming in the hundreds to be armed 75 00:04:56,319 --> 00:05:01,199 with basic civil rights on how an whyless is happening 76 00:05:01,519 --> 00:05:02,560 and what can they do? 77 00:05:03,560 --> 00:05:08,439 Speaker 6: Organizers say constitutional observers are also armed with identification badges 78 00:05:08,720 --> 00:05:11,399 and whistles to let the community know when an ICE 79 00:05:11,519 --> 00:05:15,040 enforcement is happening, and they say their work is needed 80 00:05:15,120 --> 00:05:17,480 more now in Minneapolis than ever. 81 00:05:17,759 --> 00:05:22,560 Speaker 7: Tensions have escalated, violence has escalated now. The role of 82 00:05:22,600 --> 00:05:25,079 the legal observer is even more important. 83 00:05:26,639 --> 00:05:26,839 Speaker 1: Now. 84 00:05:26,879 --> 00:05:30,920 Speaker 4: The next training is scheduled in Duluth next week, porting 85 00:05:30,959 --> 00:05:37,759 live in Minneapolis more in Clever Fox and I. 86 00:05:35,480 --> 00:05:36,920 Speaker 1: I don't know about you, but I thought that was 87 00:05:36,920 --> 00:05:40,720 the most of it was. It was just strange what 88 00:05:40,759 --> 00:05:43,360 they're doing. But there's lots of questions to be asked. 89 00:05:43,360 --> 00:05:47,519 First of all, there's no such thing as a constitutional observer. 90 00:05:48,920 --> 00:05:51,360 I don't know who made that up, but the reporter 91 00:05:51,680 --> 00:05:54,720 talked about the fact that's what they're calling themselves, and 92 00:05:54,759 --> 00:05:58,560 they get whistles and they get some sort of id 93 00:05:58,800 --> 00:06:04,879 card whooped to do. But he also quickly mentioned the 94 00:06:04,920 --> 00:06:08,040 fact that this is being put on by the Immigrant 95 00:06:08,199 --> 00:06:13,279 Defense Network. I don't know who they are, but it 96 00:06:13,360 --> 00:06:16,319 makes you wonder who are they and where are they 97 00:06:16,360 --> 00:06:19,639 getting their money? And they're teaching these people to go 98 00:06:19,720 --> 00:06:23,439 out and basically get in well they said, not get 99 00:06:23,439 --> 00:06:26,920 in the way, but just to observe and document. 100 00:06:27,000 --> 00:06:27,839 Speaker 5: What does that do? 101 00:06:29,120 --> 00:06:33,839 Speaker 1: I don't know either, but it's bizarre, and that's what 102 00:06:34,240 --> 00:06:38,399 this Apparently. The lady who was shot sounds like she 103 00:06:38,759 --> 00:06:44,600 was one of these people that went and I don't know. 104 00:06:44,639 --> 00:06:47,120 They seem very naive to me to think that that 105 00:06:47,240 --> 00:06:50,040 is that is going to be the answer to all 106 00:06:50,079 --> 00:06:57,079 of us. The officials in Minneapolis are very fired up 107 00:06:57,439 --> 00:07:00,959 and they're very fiery. The mayor him, of course, is 108 00:07:01,519 --> 00:07:06,560 just one fiery news conference after another. I do now 109 00:07:06,680 --> 00:07:11,199 I am convinced. I swear he loves it. He loves 110 00:07:11,639 --> 00:07:16,079 the spotlight, he loves the attention. So he's some equal. 111 00:07:16,160 --> 00:07:18,600 Oh this is terrible, I'll tell you. But he's thinking, ma'am, 112 00:07:18,680 --> 00:07:21,959 this is great. Look at me, Look at me. So 113 00:07:22,079 --> 00:07:24,759 let's see. This is a lady from the city Council 114 00:07:25,360 --> 00:07:29,040 in Minneapolis, just to give you somebody besides the. 115 00:07:29,000 --> 00:07:33,920 Speaker 8: Mayor and Americans. We agree that schools must be places 116 00:07:33,959 --> 00:07:41,160 of safety, learning, and belonging. This is not a partisan issue, 117 00:07:41,959 --> 00:07:47,000 it's a moral one. We demand that ice operations be 118 00:07:47,160 --> 00:07:52,199 kept away from schools so students, educators, and staff can 119 00:07:52,279 --> 00:07:55,839 learn and work in safety and peace. 120 00:07:57,079 --> 00:07:59,920 Speaker 1: Well, how can you disagree with that? Of course, we 121 00:08:00,040 --> 00:08:03,360 would like to keep all law enforcement activity out of 122 00:08:03,399 --> 00:08:07,319 the schools and the kids can learn safety and peace. 123 00:08:07,720 --> 00:08:12,720 Here is the Teachers Union president giving her thoughts on 124 00:08:12,759 --> 00:08:13,160 this matter. 125 00:08:13,360 --> 00:08:20,519 Speaker 9: My name is Castina taylort Na, last name Taylor tay lr. 126 00:08:21,560 --> 00:08:25,560 I am an educator in Minneapolis public schools and the 127 00:08:25,600 --> 00:08:30,000 president of the Educational Support Professionals Chapter of the Minneapolis 128 00:08:30,160 --> 00:08:35,159 Federation of Educators. Let me make one thing crystal clear 129 00:08:35,519 --> 00:08:39,919 before we go any further. We need ice out of Minneapolis. 130 00:08:40,080 --> 00:08:44,559 Now we need ICE out of Minnesota. Now, we need 131 00:08:44,639 --> 00:08:46,840 Ice away from our schools. 132 00:08:47,440 --> 00:08:47,840 Speaker 5: Now. 133 00:08:48,720 --> 00:08:53,000 Speaker 9: Since arriving, ICE has been a dangerous and out of 134 00:08:53,039 --> 00:08:59,960 control force, putting every Minnesotan in danger. A mother was murdered, 135 00:09:00,759 --> 00:09:03,919 an elementary school was forced to lock down. 136 00:09:04,799 --> 00:09:07,240 Speaker 1: So let's get to the heart of what the whole 137 00:09:07,240 --> 00:09:14,559 thing about schools. Apparently ICE was stopping somebody that they 138 00:09:14,559 --> 00:09:18,120 were targeting as an illegal in the country, and it 139 00:09:18,240 --> 00:09:20,960 was a young man and he ran. He ran in 140 00:09:21,039 --> 00:09:23,080 the fact that he was in a car, and he 141 00:09:23,159 --> 00:09:26,080 took off and they wound up in a chase. It 142 00:09:26,200 --> 00:09:30,759 was five miles of chasing this guy, and he wound 143 00:09:30,879 --> 00:09:35,919 up crashing his car in front of, or maybe even 144 00:09:35,919 --> 00:09:40,080 on the grounds of a high school in Minneapolis. And 145 00:09:40,159 --> 00:09:45,240 so that's how ICE got to the school. It wasn't 146 00:09:45,279 --> 00:09:47,879 that they were there on just happened to come by. 147 00:09:48,039 --> 00:09:51,159 They were chasing the guy five miles who crashed right 148 00:09:51,240 --> 00:09:55,240 into the school. So that's where that whole story comes around. 149 00:09:55,240 --> 00:09:59,279 But there, I mean, they didn't tell that part of 150 00:09:59,279 --> 00:10:04,159 the story. Here's another, shall we say, flowery version of 151 00:10:04,240 --> 00:10:06,480 what was going on in Minneapolis yesterday. 152 00:10:07,159 --> 00:10:11,000 Speaker 10: I think what is very very blatantly clear in this 153 00:10:11,120 --> 00:10:16,720 case is the public saw federal Ice agents shoot Renee 154 00:10:16,759 --> 00:10:21,679 Good in the early mornings of Wednesday. And since the 155 00:10:21,799 --> 00:10:25,399 killing of missus Good by federal Ice agents, we've seen 156 00:10:25,440 --> 00:10:29,240 the Trump administration work over time to try to craft 157 00:10:29,279 --> 00:10:36,720 this narrative, national narrative that Renee Good was a grisser 158 00:10:37,279 --> 00:10:40,240 and was at fought for her own murder when she 159 00:10:40,320 --> 00:10:43,360 simply was just dropping off her children and making sure 160 00:10:43,399 --> 00:10:46,879 that other neighbors children made it to school safely. Because 161 00:10:47,120 --> 00:10:49,440 our kids here have not been able to go to 162 00:10:49,480 --> 00:10:52,639 school in peace. Families haven't been able to leave their 163 00:10:52,679 --> 00:10:57,279 home without risking being abducted, and god knows what else 164 00:10:57,360 --> 00:10:59,200 by federal agents. 165 00:10:59,480 --> 00:11:05,840 Speaker 1: Yeah, they're they've got very creative imaginations. They're not sticking 166 00:11:05,840 --> 00:11:10,399 with the facts. They're not telling the story. Actually neither side. 167 00:11:10,440 --> 00:11:13,240 I mean, I'll even go after I don't like Christinome 168 00:11:13,600 --> 00:11:17,320 and she was calling this woman a domestic terrorist. No, 169 00:11:17,759 --> 00:11:21,720 but she was violating the law and she was part 170 00:11:21,799 --> 00:11:26,080 of a group that was going around blocking Ice wherever 171 00:11:26,120 --> 00:11:29,360 they went. That day. She did drop off her six 172 00:11:29,440 --> 00:11:32,519 year old at school, but then went to these following 173 00:11:33,320 --> 00:11:36,480 Ice around Minneapolis and blocking them wherever they went so 174 00:11:37,679 --> 00:11:40,120 by the time she was blocking the road where we 175 00:11:40,159 --> 00:11:43,320 all saw on the videotape, that was the third time 176 00:11:43,440 --> 00:11:46,120 that the police have dealt with her. That's why they 177 00:11:46,159 --> 00:11:48,360 got out and walked up to her cars to get 178 00:11:48,360 --> 00:11:51,799 out of the car. So that there's much you know, 179 00:11:52,000 --> 00:11:54,080 you got to tell the whole story. I think in 180 00:11:54,200 --> 00:11:57,759 order to however you feel about this, at least you 181 00:11:57,799 --> 00:12:02,840 should have the facts and not the creative ideas. So 182 00:12:03,240 --> 00:12:07,120 now they're in a fight over who is going to 183 00:12:07,240 --> 00:12:14,679 do the investigation. Normally, when a federal officer enforcing federal 184 00:12:14,759 --> 00:12:20,120 law is involved in a shooting, the standard is that 185 00:12:20,200 --> 00:12:23,320 the FBI will investigate and it will go to federal 186 00:12:23,360 --> 00:12:28,240 court if necessary. The state, however, and Governor Walls is 187 00:12:28,360 --> 00:12:31,080 leading the charge on this about the state wants to 188 00:12:31,120 --> 00:12:36,440 be the one that investigates. And what I'm suspecting here 189 00:12:37,519 --> 00:12:40,679 is that the state, the state wants to do the 190 00:12:40,720 --> 00:12:45,440 investigation because they've already called the officer or murderer, They've 191 00:12:45,440 --> 00:12:48,000 called him every name under the book. They've already come 192 00:12:48,039 --> 00:12:51,960 to a conclusion that he's guilty of murder. And what 193 00:12:52,240 --> 00:12:55,200 they want is they want to put him on a 194 00:12:55,279 --> 00:12:59,960 trial in a Minneapolis City courthouse. They want him to 195 00:13:00,240 --> 00:13:03,639 be subjected to Minneapolis state law, and they want to 196 00:13:03,679 --> 00:13:10,600 prosecute him and hang him out to drive. Meantime, the 197 00:13:10,679 --> 00:13:16,440 FEDS are acting weird as well, because normally the FED, 198 00:13:16,639 --> 00:13:19,080 the FEDS, and the and the state and the city 199 00:13:19,159 --> 00:13:23,399 police all work together on an investigation. The lead investigator 200 00:13:23,600 --> 00:13:28,840 is the FBI in a federal officer's situation like this. 201 00:13:29,879 --> 00:13:33,639 But but they work together, and now the FED has said, no, 202 00:13:33,799 --> 00:13:35,679 we're not going to give you anything. We're not going 203 00:13:35,720 --> 00:13:38,440 to cooperate with you. You cannot have any of our material. 204 00:13:39,600 --> 00:13:42,360 And so it seems like they're both being like children 205 00:13:42,440 --> 00:13:46,759 on a playground. They both could help each other in 206 00:13:46,879 --> 00:13:52,519 the investigation, but there are political reasons that they want 207 00:13:52,919 --> 00:13:57,279 to keep Minneapolis and the state of Minnesota from prosecuting 208 00:13:57,320 --> 00:14:01,519 this guy, and the state Minnesota wants to prosecute them 209 00:14:01,559 --> 00:14:05,919 for political reasons. It just seems obvious to me. John 210 00:14:05,960 --> 00:14:07,559 Miller talks a little bit about this. 211 00:14:07,799 --> 00:14:10,960 Speaker 11: Oh, it's a complicated question because the FBI is in 212 00:14:11,039 --> 00:14:14,559 charge of the investigation. Normally, in cases like this, the 213 00:14:14,600 --> 00:14:17,600 FBI would work with the local authorities on the investigation. 214 00:14:18,000 --> 00:14:20,600 We're seeing a statement saying that they've been cut out 215 00:14:20,600 --> 00:14:24,600 of the case, which is concerning. On the other hand, 216 00:14:24,799 --> 00:14:28,320 the Vice President's points are that there is the supremacy 217 00:14:28,320 --> 00:14:31,759 clause which would come into any discussion about whether the 218 00:14:31,799 --> 00:14:36,399 state can enforce rules or laws against federal agents in 219 00:14:36,480 --> 00:14:40,320 the performance of their duty. There's the immunity that comes 220 00:14:40,360 --> 00:14:44,399 with that, which is not absolute. And remember, the states 221 00:14:44,639 --> 00:14:47,639 in this country and the federal government are separate sovereigns. 222 00:14:47,759 --> 00:14:52,080 If the Attorney General of Minnesota launched an independent investigation, 223 00:14:52,200 --> 00:14:55,679 interviewed their own witnesses, collected their own forensics, examine their 224 00:14:55,679 --> 00:14:59,559 own videos, and charged this agent, that could happen, but 225 00:14:59,639 --> 00:15:03,840 it would be met by challenges by the federal government 226 00:15:03,919 --> 00:15:06,559 in court about those very issues and would have to 227 00:15:06,559 --> 00:15:07,240 be litigated. 228 00:15:07,519 --> 00:15:10,960 Speaker 1: Yeah, so State of Minnesota can go ahead with the prosecution. 229 00:15:11,080 --> 00:15:12,440 They can do what they want, but if it ever 230 00:15:12,519 --> 00:15:14,600 got to court, there would be a motion to move 231 00:15:14,600 --> 00:15:17,120 it over to federal court immediately and it would be granted. 232 00:15:17,879 --> 00:15:23,559 It's done. That's standard procedure. So minne Appolis, Minnesota, wants 233 00:15:23,600 --> 00:15:27,120 to make an example out of this officer, there's no question. 234 00:15:28,200 --> 00:15:31,720 And the officer, well, let's go back to John Miller, 235 00:15:31,759 --> 00:15:34,960 because he's got the background on the officer who did 236 00:15:34,960 --> 00:15:35,440 the shooting. 237 00:15:35,679 --> 00:15:38,519 Speaker 11: Experienced agent. He's got ten years with the federal government, 238 00:15:39,080 --> 00:15:41,559 but prior to that, he was in the military in 239 00:15:41,600 --> 00:15:45,120 Iraq as part of a machine gunning squad. He has 240 00:15:45,279 --> 00:15:48,759 been in stressful situations. He's on the Special Response Team. 241 00:15:48,840 --> 00:15:53,320 He's a firearms qualified trainer. This is not a new 242 00:15:53,360 --> 00:15:57,519 agent who went through the shortened training. This is a 243 00:15:57,960 --> 00:16:01,879 very experienced street agent. One of the questions the Vice 244 00:16:01,919 --> 00:16:05,480 President raises is if he was so affected by that incident, 245 00:16:05,559 --> 00:16:07,799 should he have been out on the street. I doubt 246 00:16:07,879 --> 00:16:10,879 that's the case. One of the things that you could 247 00:16:10,919 --> 00:16:15,039 consider is having had that experience in his own mind. 248 00:16:15,360 --> 00:16:17,879 When he sees his partner is got both of his 249 00:16:17,960 --> 00:16:20,159 hands on that car as it starts to take off, 250 00:16:20,720 --> 00:16:24,240 is he thinking I cannot let happen to him? What 251 00:16:24,480 --> 00:16:26,919 happened to me where I was seriously injured. I read 252 00:16:26,960 --> 00:16:31,200 his testimony in that trial about being dragged for one 253 00:16:31,320 --> 00:16:34,240 hundred yards like a speeding car on and off the sidewalk, 254 00:16:34,600 --> 00:16:37,399 swerving to shake him off. Could that have been going 255 00:16:37,399 --> 00:16:39,480 through his mind. We don't know what it is in 256 00:16:39,519 --> 00:16:42,440 his head, but I think it's something that would be 257 00:16:42,600 --> 00:16:44,679 considered when they investigate this case. 258 00:16:44,919 --> 00:16:48,480 Speaker 1: Well they it will come down to what it always 259 00:16:48,519 --> 00:16:53,000 comes down to, and that is I felt my life 260 00:16:53,399 --> 00:16:57,399 was in danger. Period, end of story. That's all he 261 00:16:57,480 --> 00:17:02,000 has to say, and he gets off. It's that simple. 262 00:17:02,840 --> 00:17:06,960 You have to always rely upon what was in the 263 00:17:07,000 --> 00:17:09,799 officer's mind and you and I don't know what that was, 264 00:17:10,119 --> 00:17:13,640 but he all he has to say, I felt like 265 00:17:13,720 --> 00:17:17,079 my life was in danger. And everything will move on. 266 00:17:17,920 --> 00:17:20,680 You might feel like your life is in danger. According 267 00:17:20,720 --> 00:17:25,519 to congress Woman in PayPal, she represents Seattle, she's a 268 00:17:25,680 --> 00:17:28,200 far far she's part of the squad. We haven't talked 269 00:17:28,200 --> 00:17:31,559 about the squad in a while, but she's listened to 270 00:17:31,599 --> 00:17:35,400 what she had to say. Talk about inflammatory rhetoric. 271 00:17:36,200 --> 00:17:40,119 Speaker 12: But the truth is that every single person in the 272 00:17:40,279 --> 00:17:45,640 United States of America, US citizens, white, black, brown, whoever 273 00:17:45,720 --> 00:17:48,960 you are, you have to worry now that an ICE 274 00:17:49,000 --> 00:17:52,119 agent is going to come and shoot at you and 275 00:17:52,279 --> 00:17:52,799 kill you. 276 00:17:53,200 --> 00:17:56,119 Speaker 1: So do you think maybe that was a little inflammatory 277 00:17:56,680 --> 00:17:58,880 and you think, are you worried about the fact that, 278 00:17:59,559 --> 00:18:02,160 oh my god, rush an ICE agent could just jump 279 00:18:02,240 --> 00:18:03,960 out from behind a bush and shoot at me and 280 00:18:04,039 --> 00:18:06,920 kill me. I mean, the chances of that are pretty high. 281 00:18:06,960 --> 00:18:09,480 Aren't they. I mean, she's just trying to scare people. 282 00:18:10,039 --> 00:18:13,799 She is just trying to scare people. The lot of 283 00:18:13,839 --> 00:18:16,079 the same kind of rhetoric coming out of city Hall 284 00:18:16,160 --> 00:18:21,359 in Minneapolis and out of the Governor's office in Mine, Minnesota. 285 00:18:21,960 --> 00:18:25,839 It's gotten absolutely ridiculous. So they've got this new video 286 00:18:25,880 --> 00:18:28,480 out today, and it was if you take a look 287 00:18:28,480 --> 00:18:31,000 at the officer who shot the woman, he had it. 288 00:18:31,200 --> 00:18:33,240 He pulled his gun out with his right hand from 289 00:18:33,279 --> 00:18:35,960 his holster, but in his left hand you could see 290 00:18:36,000 --> 00:18:38,880 he held up it looked like he was filming from 291 00:18:38,960 --> 00:18:42,359 a camera. Well guess what that video from his camera 292 00:18:42,480 --> 00:18:47,160 came out today. It did show that he was Again 293 00:18:47,599 --> 00:18:50,200 I said this yesterday, I'll say it again. I think 294 00:18:50,200 --> 00:18:51,920 he's going to get off. I don't think they will 295 00:18:51,920 --> 00:18:53,440 find him. I don't think this is even going to 296 00:18:53,480 --> 00:18:56,720 go to a trial again. All he's got to say 297 00:18:56,759 --> 00:18:59,720 is I feared for my life. But in addition to that, 298 00:19:01,559 --> 00:19:03,680 I look at what he did, and John Miller said 299 00:19:03,720 --> 00:19:07,480 he was an experienced guy, ten years with Ice, but 300 00:19:07,640 --> 00:19:11,119 they need to do some training with this guy. I 301 00:19:11,119 --> 00:19:14,480 would think, what was he doing in front of that 302 00:19:14,680 --> 00:19:20,000 vehicle as the other Ice officers were confronting the driver. 303 00:19:21,039 --> 00:19:25,079 You are putting yourself in harm's way unnecessarily by standing 304 00:19:25,160 --> 00:19:29,000 in front. And that's number one. Number two is most 305 00:19:29,200 --> 00:19:35,160 police departments have very strict rules about never shooting into 306 00:19:35,400 --> 00:19:40,519 a vehicle. I mean, there are some rare exceptions to it, 307 00:19:40,599 --> 00:19:43,279 but what happens is exactly what happened here is that 308 00:19:43,400 --> 00:19:46,799 the vehicle. Now you've got a two thousand pound machine 309 00:19:47,559 --> 00:19:50,200 barreling down the road. Who knows who it's going to hit. 310 00:19:50,240 --> 00:19:52,519 What it's going to to hit? A parked car, but 311 00:19:52,599 --> 00:19:56,359 there was also a pedestrian on that sidewalk. So I 312 00:19:56,400 --> 00:20:00,240 mean two, well three mistakes. One standing in front, under 313 00:20:00,240 --> 00:20:02,920 the vehicle, even walking in front of the vehicle, you're 314 00:20:02,960 --> 00:20:07,200 taking your chances. Number two, shooting inside a vehicle. And 315 00:20:07,359 --> 00:20:10,240 number three, when he took the shots, two of his 316 00:20:10,519 --> 00:20:15,519 colleagues ice officers were right there. Next year it was crossfire. 317 00:20:15,759 --> 00:20:20,920 He was shooting toward them, which is a huge no 318 00:20:20,920 --> 00:20:25,279 no when it comes to police tactics. So Carrier Bond, 319 00:20:25,920 --> 00:20:30,359 the former DOJ lawyer, weighed in on this new video 320 00:20:30,440 --> 00:20:31,119 that's out there. 321 00:20:31,559 --> 00:20:33,880 Speaker 2: I think if I'm the officer standing in front of 322 00:20:33,920 --> 00:20:35,920 that car, I think the car's about to hit me 323 00:20:35,960 --> 00:20:40,559 and run me over, and I'm probably going to respond accordingly. Again, 324 00:20:40,599 --> 00:20:43,079 we have to go back to what the court the 325 00:20:43,160 --> 00:20:47,160 legal standard here is, which is the reasonableness of the 326 00:20:47,279 --> 00:20:51,759 officer on the scene, the person who's standing there, their perspective. 327 00:20:51,759 --> 00:20:54,640 The court takes into a totality of circumstance approach, but 328 00:20:54,720 --> 00:20:57,079 it all comes down to that person's perspective and was 329 00:20:57,119 --> 00:20:59,599 it reasonable and light what was happening. So, as I 330 00:20:59,599 --> 00:21:02,079 watched that video, and I'm, you know, looking at it 331 00:21:02,079 --> 00:21:04,640 from that perspective, it's clear the car was coming right 332 00:21:04,680 --> 00:21:06,079 towards him, or at least appeared to be. 333 00:21:06,599 --> 00:21:07,400 Speaker 5: And so I. 334 00:21:07,359 --> 00:21:10,240 Speaker 2: Think this is a very helpful piece of footage as 335 00:21:11,359 --> 00:21:14,240 we but most importantly the Department of Justice and the 336 00:21:14,319 --> 00:21:17,400 FBI consider as they move forward and looking at the situation. 337 00:21:17,480 --> 00:21:20,359 Speaker 1: All right, So we hope the things settle down in Minneapolis. 338 00:21:22,119 --> 00:21:26,240 We'll see as nightfall comes around tonight. In other news today, 339 00:21:26,599 --> 00:21:31,839 the President had a number of top executives from major 340 00:21:31,880 --> 00:21:35,000 oil companies in the US at the White House this 341 00:21:35,079 --> 00:21:40,440 afternoon and wanted to basically well, he said to them, 342 00:21:41,079 --> 00:21:44,839 in a very salesman's way. He had them sitting around 343 00:21:44,839 --> 00:21:48,440 a table in the East room, and he said, well, 344 00:21:48,480 --> 00:21:52,519 I'm glad you're here, and you know you're going to 345 00:21:52,599 --> 00:21:57,640 invest billions of dollars into Venezuela, and if not, then 346 00:21:58,279 --> 00:22:01,000 then we move on without you, or some do that. 347 00:22:01,039 --> 00:22:04,720 I'm paraphrasing, So he was basically telling them, telling them 348 00:22:04,839 --> 00:22:07,400 either invest or you're not going to be part of 349 00:22:07,839 --> 00:22:13,799 this whole deal. Well, let's start with Chris right. Well, 350 00:22:14,119 --> 00:22:17,680 Secretary of Rubio was there, so was the vice president, 351 00:22:18,519 --> 00:22:24,119 so Steven Miller was there, the chief of staff was there, 352 00:22:24,160 --> 00:22:27,880 so it was a large group of people, but Chris Wright, 353 00:22:28,000 --> 00:22:31,759 the Energy Secretary, kind of kicked off the event. 354 00:22:32,559 --> 00:22:34,720 Speaker 13: When's it going to be at one point two million? 355 00:22:35,640 --> 00:22:38,000 Could be just several months from now, it could be 356 00:22:38,079 --> 00:22:41,200 up fifty percent in the first twelve or eighteen months 357 00:22:41,240 --> 00:22:44,799 of this fifty percent increase in their production. That's a 358 00:22:44,839 --> 00:22:46,559 better supplied world market. 359 00:22:47,079 --> 00:22:49,720 Speaker 1: He was asked in a separate interview before this meeting 360 00:22:49,759 --> 00:22:53,319 started about are we just going in and stealing the 361 00:22:53,559 --> 00:22:57,680 oil from the people of Venezuela, and he said, absolutely not. 362 00:22:59,279 --> 00:23:01,960 Speaker 13: This is not sealing of their oil. We're marketing their 363 00:23:02,000 --> 00:23:04,519 oil at a better price than they can market the oil, 364 00:23:04,720 --> 00:23:07,799 and we're bringing those funds back to Venezuela, but just 365 00:23:07,839 --> 00:23:10,319 at our discretion, so we can use it as leverage 366 00:23:10,519 --> 00:23:11,640 to get better behavior. 367 00:23:11,799 --> 00:23:16,200 Speaker 1: Robert Wolf, who used to run ubs in New York, 368 00:23:17,279 --> 00:23:20,519 was asked about those whole idea of getting US oil 369 00:23:20,559 --> 00:23:23,200 companies to invest money in Venezuela. 370 00:23:23,279 --> 00:23:24,759 Speaker 5: The President said makes sense. 371 00:23:24,839 --> 00:23:30,480 Speaker 14: He wants lower oil prices, but for executives at oil companies, 372 00:23:30,519 --> 00:23:33,440 that doesn't make sense to have oil, which the President 373 00:23:33,440 --> 00:23:36,599 talked about at fifty dollars a barrel. Literally, you don't 374 00:23:36,599 --> 00:23:38,559 want to do cap X when it's fifty dollars a 375 00:23:38,599 --> 00:23:40,880 vital You have a negative return on investments. 376 00:23:41,240 --> 00:23:43,359 Speaker 13: There's some oil executives who are saying, and we can 377 00:23:43,680 --> 00:23:45,279 see profitable in a thirty five bucks. 378 00:23:45,599 --> 00:23:48,319 Speaker 14: Yeah, well most The second thing I would say is 379 00:23:48,640 --> 00:23:51,519 most people are not raising the hand to drill for 380 00:23:51,720 --> 00:23:55,640 heavy crude in Venezuela, where you have to explore, then 381 00:23:55,680 --> 00:23:58,559 you have to drill, then you have to refine the costs. 382 00:24:00,079 --> 00:24:01,279 Speaker 5: Anna sat here the other days. 383 00:24:01,559 --> 00:24:03,720 Speaker 14: I know, but they all look, there's a big news. 384 00:24:05,119 --> 00:24:07,279 Then the last thing I will say, and the most important, 385 00:24:07,359 --> 00:24:08,680 is the risk is exorbitant. 386 00:24:08,960 --> 00:24:11,839 Speaker 5: Yesterday had a Russian a Russia submarine. 387 00:24:12,240 --> 00:24:14,720 Speaker 14: I mean the idea of the extra security that you. 388 00:24:14,799 --> 00:24:17,359 Speaker 5: Your anti US investment in Venezuelan oil. 389 00:24:18,039 --> 00:24:20,720 Speaker 14: I think that no, it's not me being anti. If 390 00:24:20,720 --> 00:24:23,640 I was an oil executive, I would say no unless 391 00:24:23,640 --> 00:24:26,279 the government was going to supply a lot of capital 392 00:24:26,319 --> 00:24:27,839 for it at really low interest rate. 393 00:24:28,079 --> 00:24:28,279 Speaker 5: Yeah. 394 00:24:28,279 --> 00:24:31,240 Speaker 1: These oil companies have been burned, their assets have been 395 00:24:31,279 --> 00:24:38,599 stolen in previous endeavors with Venezuela, and right now they 396 00:24:38,640 --> 00:24:41,400 seem to be doing just fine. The problem that we're 397 00:24:41,480 --> 00:24:44,240 trying to drive the price lower. The president wants to 398 00:24:44,240 --> 00:24:48,160 get the price down. I understand why, but at some 399 00:24:48,519 --> 00:24:52,240 point it's not profitable and they start shutting in their 400 00:24:52,240 --> 00:24:57,480 wells and in order to dry up supply. So most 401 00:24:57,519 --> 00:25:00,480 oil companies say, well, they say that they can't make 402 00:25:00,519 --> 00:25:03,680 a profit under sixty dollars a barrow well. Oil has 403 00:25:03,720 --> 00:25:08,799 been below sixty for weeks in fifty five to sixty 404 00:25:08,839 --> 00:25:12,279 dollars a barrow. President wants to get to fifty dollars 405 00:25:12,359 --> 00:25:15,559 a barrel, and the oil companies are screaming saying, we're 406 00:25:15,599 --> 00:25:18,400 not going to bother at fifty. It's going to cost 407 00:25:18,480 --> 00:25:21,880 us more to get the oil producer market it, ship 408 00:25:21,880 --> 00:25:23,400 it and do all the other things. You got to 409 00:25:23,440 --> 00:25:26,680 do then our cost. It's going to cost us more 410 00:25:28,079 --> 00:25:30,759 than what we can sell it. For Phil Flynn, who's 411 00:25:30,759 --> 00:25:35,160 an old friend of mine from the Chicago work. He's 412 00:25:35,200 --> 00:25:38,359 an oil trader in Chicago, and let's see what he 413 00:25:38,400 --> 00:25:39,720 has to say about this meeting. 414 00:25:40,079 --> 00:25:42,400 Speaker 15: I can't even tell you how historic this meeting could 415 00:25:42,440 --> 00:25:47,319 be today. You know, with President Trump eighteen eighteen to 416 00:25:47,359 --> 00:25:50,519 twenty of the biggest companies of traders and producers, not 417 00:25:50,559 --> 00:25:55,480 only oil producers, but shell producers, pipeline and traders. Really 418 00:25:55,519 --> 00:25:59,519 to set the stage to make a case for the 419 00:25:59,559 --> 00:26:05,200 investment in Venezuela, not only for economic viewpoint, but from 420 00:26:05,240 --> 00:26:09,920 a patriotic viewpoint as well, to show that this could 421 00:26:09,960 --> 00:26:13,799 be an amazing opportunity to turn this hemisphere around and 422 00:26:13,880 --> 00:26:16,799 have a future for the people of Venezuela. You know, 423 00:26:16,839 --> 00:26:18,960 there's two stools that thought of that number. One one 424 00:26:19,000 --> 00:26:22,319 hundred billion dollars might not go a long way in 425 00:26:23,039 --> 00:26:26,519 rebuilding Venezuela. But let me tell you this, that step 426 00:26:26,559 --> 00:26:28,480 in the direction when President Trump comes out with a 427 00:26:28,559 --> 00:26:31,880 number like that, usually people fall in line. So I 428 00:26:31,960 --> 00:26:35,559 expect that investment to be the starting point to rebuild 429 00:26:35,680 --> 00:26:39,440 this infrastructure. And I think it's going to go beyond oil. 430 00:26:39,599 --> 00:26:42,799 Think it's going to go towards production, grain buying, and 431 00:26:42,880 --> 00:26:45,839 other products that the US will be selling to Venezuela. 432 00:26:46,839 --> 00:26:48,640 You know, you know, I think when people throw out 433 00:26:48,680 --> 00:26:51,559 prices like that, that's a moving target when it comes 434 00:26:51,559 --> 00:26:52,680 to the profitability. 435 00:26:53,000 --> 00:26:53,559 Speaker 5: I listen. 436 00:26:53,599 --> 00:26:56,480 Speaker 15: I think today energy companies are going to want some 437 00:26:56,519 --> 00:27:01,519 guarantees of security, right, not necessary for their capital, but 438 00:27:01,640 --> 00:27:04,920 for their people. The US energy industry is used to 439 00:27:05,079 --> 00:27:08,440 taking risks around the world, and I think they see 440 00:27:08,480 --> 00:27:11,680 the upside of this opportunity. You know, as far as 441 00:27:11,920 --> 00:27:14,880 you know the government in place, I think the US 442 00:27:14,960 --> 00:27:18,319 energy companies should feel pretty confident with the success of 443 00:27:18,359 --> 00:27:21,119 the US military, the way that they took Maduro out, 444 00:27:21,519 --> 00:27:24,519 the way they listened to the US energy companies because 445 00:27:24,519 --> 00:27:28,359 they wanted Darcy Rodriguez there, because they've worked with her before, 446 00:27:28,359 --> 00:27:30,599 at least in the short term, until we get that 447 00:27:30,680 --> 00:27:34,119 country stable, get a free election, but that'll take some time. 448 00:27:34,279 --> 00:27:37,559 And in the meantime, the way to help that is 449 00:27:37,599 --> 00:27:40,039 get their economy going, and the best way to do 450 00:27:40,079 --> 00:27:42,000 that is to invest in their oil industry. 451 00:27:42,240 --> 00:27:44,839 Speaker 1: So there were cameras the media still going on as 452 00:27:44,839 --> 00:27:47,559 we're recording this podcast. There were cameras and microphones there. 453 00:27:48,079 --> 00:27:53,640 One of the executives of Darren Woods, the CEO of 454 00:27:53,839 --> 00:27:57,960 Exxon Mobile, the biggest oil company in the world. Listen 455 00:27:58,079 --> 00:28:02,359 to his reaction to the idea of going into Venezuela. 456 00:28:02,400 --> 00:28:06,079 Speaker 16: Thank you, mister President. I appreciate the invitation and the opportunity, 457 00:28:06,119 --> 00:28:09,279 frankly for the entire industry to show up and provide 458 00:28:09,279 --> 00:28:13,519 a perspective. Frankly, we've been kind of unresponsive to the 459 00:28:13,519 --> 00:28:17,400 press regarding Venezuela. I guess today's the opportunity to address 460 00:28:17,400 --> 00:28:19,559 the press directly with respect to a number of questions 461 00:28:19,559 --> 00:28:22,720 that've been asked of exam Mobile. First and foremost, obviously, 462 00:28:22,799 --> 00:28:25,079 is the interest that we have in Venezuela. And I 463 00:28:25,119 --> 00:28:27,000 think you know the way I would position that. I 464 00:28:27,000 --> 00:28:28,440 think one of the reasons why we see many of 465 00:28:28,440 --> 00:28:31,279 the industry players here is we're in a depletion business 466 00:28:31,279 --> 00:28:33,279 for a product that is in great demand, and we'll 467 00:28:33,319 --> 00:28:35,960 be in demand for many, many, many decades to come. 468 00:28:36,440 --> 00:28:38,880 And as a depletion business, the biggest challenge we have 469 00:28:39,039 --> 00:28:42,880 is finding resources. There's an opportunity in Venezuela. With all 470 00:28:42,880 --> 00:28:45,319 the resources there is, we don't have that challenge of 471 00:28:45,359 --> 00:28:48,359 finding we have the challenge of developing those resources. So 472 00:28:48,400 --> 00:28:52,799 I think it's on it's the best interest of these 473 00:28:52,839 --> 00:28:56,640 companies and frankly society as a whole for the industry 474 00:28:56,640 --> 00:29:00,440 to be interested in understanding what the opportunity here represents. 475 00:29:01,119 --> 00:29:03,400 I'll just share a philosophy that xCE On Mobile has 476 00:29:03,440 --> 00:29:05,440 when we enter countries. Because we do business all around 477 00:29:05,480 --> 00:29:07,799 the world in a number of different regimes, we take 478 00:29:07,839 --> 00:29:11,680 a very long term perspective. The investments that we make 479 00:29:12,200 --> 00:29:15,440 span decades and decades, so we do not go into 480 00:29:15,480 --> 00:29:21,319 any opportunity with a short mindset short term mindset. There's 481 00:29:21,319 --> 00:29:23,960 a value proposition that we have to meet. There has 482 00:29:24,000 --> 00:29:27,240 to be a win win win proposition. Obviously, it has 483 00:29:27,279 --> 00:29:29,440 to be a win for the company and our shareholders, 484 00:29:29,480 --> 00:29:31,799 and a generator return for the investments that we make 485 00:29:32,359 --> 00:29:35,319 has to be a win for the government. The resources 486 00:29:35,359 --> 00:29:38,400 are important source of revenue that help support the people 487 00:29:38,400 --> 00:29:41,559 of the places that we do business, and that has 488 00:29:41,599 --> 00:29:42,720 to be a win for the people. 489 00:29:42,759 --> 00:29:43,359 Speaker 5: We have to be. 490 00:29:43,319 --> 00:29:45,440 Speaker 16: Wanted there and to be a good neighbor, and those 491 00:29:45,519 --> 00:29:49,400 three things ensure a stable, long term platform for the 492 00:29:49,720 --> 00:29:54,000 large investments that we make for the long term. With 493 00:29:54,079 --> 00:29:57,279 respect to Venezuela in particular, we have a very long 494 00:29:57,400 --> 00:30:00,839 history in Venezuela. In fact, we first started Venezuela back 495 00:30:00,839 --> 00:30:06,119 in nineteen nineteen forties. We've had our assets seized there twice, 496 00:30:06,720 --> 00:30:09,400 and so you can imagine to re enter a third 497 00:30:09,480 --> 00:30:13,200 time would require some pretty significant changes from what we've 498 00:30:13,279 --> 00:30:16,200 historically seen here and what is currently the state. If 499 00:30:16,200 --> 00:30:19,359 we look at the legal and commercial constructs and frameworks 500 00:30:19,400 --> 00:30:24,279 from place today in Venezuela, today, it's uninvestable and so 501 00:30:24,319 --> 00:30:27,920 significant changes have to be made to those commercial frameworks, 502 00:30:28,039 --> 00:30:31,599 the legal system. There has to be durable investment protections, 503 00:30:31,839 --> 00:30:33,920 and there has to be a change to the hydrocarbon 504 00:30:35,039 --> 00:30:39,039 laws in the country. We're confident that with this administration 505 00:30:39,079 --> 00:30:43,039 and President Trump working hand in hand with the Venezuelan government, 506 00:30:43,119 --> 00:30:48,160 that those changes can be put in place. And with 507 00:30:48,240 --> 00:30:52,519 respect to the Venezuelan government that perspective, we don't have 508 00:30:52,559 --> 00:30:55,240 the view on. We haven't talked to the Venezuelan government, 509 00:30:55,680 --> 00:30:59,799 and obviously we have yet to assess the people's perspective. 510 00:30:59,799 --> 00:31:04,160 With perspectax On Mobile entering the company country in the 511 00:31:04,200 --> 00:31:07,279 short term, there are things that can be done while 512 00:31:07,279 --> 00:31:11,119 these longer term issues are being worked for us. We 513 00:31:11,160 --> 00:31:14,039 haven't been in the country for almost twenty years. We 514 00:31:14,079 --> 00:31:16,880 think it's absolutely critical in the short term that we 515 00:31:16,920 --> 00:31:20,200 get a technical team in place to assess the current 516 00:31:20,240 --> 00:31:22,640 state of the industry and the assets, to understand what 517 00:31:22,720 --> 00:31:25,519 would be involved to help the people of Venezuela get 518 00:31:25,519 --> 00:31:29,519 production back on the market. With the invitation of the Venezuelan 519 00:31:29,559 --> 00:31:33,039 government and with appropriate security guarantees, we are ready to 520 00:31:33,079 --> 00:31:35,920 put a team on the ground there. We also have 521 00:31:35,960 --> 00:31:41,279 an integrated set of capabilities from production to refining to trading, 522 00:31:41,319 --> 00:31:44,039 and I think we can be of assistance to getting 523 00:31:44,079 --> 00:31:47,039 the Venezuelan crew to market and realizing the market price 524 00:31:47,119 --> 00:31:51,079 to help again with the financial situation at Venezuela level. 525 00:31:51,559 --> 00:31:53,640 So those are my short term perspective that I have. 526 00:31:53,720 --> 00:31:56,599 I'd say and be closed with a thank you as 527 00:31:56,640 --> 00:31:59,079 President for the work that you've done secure not only 528 00:31:59,160 --> 00:32:02,119 the national security, the energy security of the region. And 529 00:32:02,160 --> 00:32:05,480 then thank you Sectu Ruvio, Sectary right, Sectuary Burgham for 530 00:32:05,720 --> 00:32:07,400 your leadership in this matter. Thank you. 531 00:32:08,119 --> 00:32:10,559 Speaker 1: Well, I don't know what you heard. I heard he 532 00:32:10,599 --> 00:32:15,480 said it's uninvestible and they had a long change list 533 00:32:15,559 --> 00:32:18,039 of things that have to change before they would consider 534 00:32:18,279 --> 00:32:23,279 going into Venezuela conical. Phillips was also very skeptical. Those 535 00:32:23,319 --> 00:32:25,279 are the two biggies that were in the meeting today. 536 00:32:25,400 --> 00:32:27,599 There were a lot of others that were smaller companies, 537 00:32:27,640 --> 00:32:32,680 but the two giants basically are going, we're not so 538 00:32:32,720 --> 00:32:36,400 sure that this. In fact, he said, it's not investible 539 00:32:36,480 --> 00:32:39,920 right now. But he was trying to be politically nice, 540 00:32:40,000 --> 00:32:43,359 and the host was the President, so he said, well, 541 00:32:43,400 --> 00:32:46,279 I'm sure with your with your efforts and everything else 542 00:32:46,319 --> 00:32:48,319 that you know, you'll be able to put get some 543 00:32:48,359 --> 00:32:51,480 of this done. But they're not saying we're jumping to 544 00:32:50,880 --> 00:32:53,440 do to do the work. We don't want to. We 545 00:32:53,519 --> 00:32:57,359 don't want to do this unless there's a lot of changes, 546 00:32:57,720 --> 00:33:00,720 and that's going to take a long time. So I 547 00:33:00,759 --> 00:33:04,640 was surprised the President had an open camera meeting because 548 00:33:04,680 --> 00:33:08,519 I kind of thought it might go this way. All right, 549 00:33:08,759 --> 00:33:11,200 jobs report came out today. This is the first time 550 00:33:11,200 --> 00:33:15,000 we've had the jobs report on time for three months. 551 00:33:15,519 --> 00:33:21,359 Fifty thousand payrolls were added last month. It was estimated 552 00:33:21,400 --> 00:33:24,839 to be seventy three thousand, So seventy three thousand is 553 00:33:24,880 --> 00:33:26,839 a big slowdown. It was slower than that. It was 554 00:33:26,880 --> 00:33:30,480 fifty thousand. It's okay, it's nothing to jump up and 555 00:33:30,519 --> 00:33:33,759 down about. Unemployment rate went from four point five down 556 00:33:33,839 --> 00:33:39,240 to four point four percent. The long term unemployed rate 557 00:33:39,359 --> 00:33:45,680 the U six eight point four percent unemployment rate, Average 558 00:33:45,759 --> 00:33:50,319 hourly earnings three point eight percent. That's better than the 559 00:33:50,359 --> 00:33:53,519 inflation rate. Not much, but it's better, meaning you're making 560 00:33:53,559 --> 00:33:56,680 more than your wages are going up more than inflation 561 00:33:56,839 --> 00:34:03,880 is going up. They revised October jobs report to a 562 00:34:04,039 --> 00:34:07,960 loss a minus one hundred and seventy three thousand payrolls. 563 00:34:08,280 --> 00:34:13,119 That revised November down as well, to fifty seven thousand jobs. 564 00:34:13,880 --> 00:34:17,800 The participation rate number of people actually out there participating 565 00:34:17,840 --> 00:34:21,639 in the job market sixty two point four. That dropped 566 00:34:21,679 --> 00:34:26,039 a little bit. When you look at where the jobs 567 00:34:26,079 --> 00:34:30,960 were restaurants and bars, it's a restaurant. The bartender and 568 00:34:31,000 --> 00:34:34,440 waiters did the best. They led the month, rising twenty 569 00:34:34,480 --> 00:34:41,920 seven thousand, healthcare up twenty one thousand, Retail in December 570 00:34:43,199 --> 00:34:48,239 declined by twenty five thousand, and the government added just 571 00:34:48,280 --> 00:34:51,400 two thousand for the month. So as far as the 572 00:34:51,519 --> 00:34:56,239 jobs report go, Natasha sarin Over at Yale, this was 573 00:34:56,280 --> 00:34:57,360 her observation of it. 574 00:34:57,480 --> 00:34:59,639 Speaker 17: What you're seeing is you're definitely seeing signs of the 575 00:34:59,719 --> 00:35:02,840 label market is continuing to cool, and that is the 576 00:35:02,920 --> 00:35:05,480 case with the fifty thousand number. And importantly, this is 577 00:35:05,480 --> 00:35:07,840 the first number that we've gotten in recent months that 578 00:35:08,119 --> 00:35:11,079 isn't contaminated by the government shutdown in it's aftermath, So 579 00:35:11,119 --> 00:35:13,719 I actually think it's an important read. But what you 580 00:35:13,800 --> 00:35:15,719 also know when we also saw that in the Jolt 581 00:35:15,800 --> 00:35:18,280 data that we saw earlier this week, is that we 582 00:35:18,320 --> 00:35:21,039 are continuing to be in this sort of like low 583 00:35:21,199 --> 00:35:24,760 higher low fire economy, and even with a relatively low 584 00:35:24,840 --> 00:35:28,400 unemployment rate, you aren't seeing hiring in the economy. And 585 00:35:28,480 --> 00:35:29,920 I think that has to do with the fact that 586 00:35:29,920 --> 00:35:31,960 there's just a lot of uncertainty right now. You're not 587 00:35:32,039 --> 00:35:34,719 exactly sure if you're a firm or if you're an employee, 588 00:35:34,880 --> 00:35:36,519 whether or not it makes sense to kind of take 589 00:35:36,519 --> 00:35:38,639 the leap because you're not sure whether jobs are going 590 00:35:38,679 --> 00:35:40,599 to be there to support you over the course of 591 00:35:40,639 --> 00:35:41,800 the choices that you might make. 592 00:35:42,239 --> 00:35:45,360 Speaker 1: So the job where was okay, it wasn't great. It 593 00:35:45,360 --> 00:35:49,079 shows the labor to make market is still soft, and 594 00:35:49,159 --> 00:35:53,880 like Natasha said, there is still a very low fire, 595 00:35:54,000 --> 00:35:58,000 low higher type of job market that's out there. The 596 00:35:58,559 --> 00:36:01,920 other big economic news they did not happen. Everybody was 597 00:36:02,039 --> 00:36:05,039 guessing that the first day back for the Supreme Court 598 00:36:05,159 --> 00:36:08,679 justices in the term for twenty twenty six, and they 599 00:36:08,679 --> 00:36:13,920 were expected to make an announcement about their decision on tariffs, 600 00:36:14,800 --> 00:36:17,480 and that is going I think we're going to have 601 00:36:17,519 --> 00:36:22,159 a huge impact on the economy, but especially on as 602 00:36:22,199 --> 00:36:28,159 President Trump's economic lead is his tariff policies. Anyway, they 603 00:36:28,159 --> 00:36:30,000 didn't do it. I don't know when they're going to 604 00:36:30,039 --> 00:36:32,199 come out with it, but they did not announce it today, 605 00:36:32,239 --> 00:36:36,800 So everybody was braced and then nothing happened. Wall Street 606 00:36:37,239 --> 00:36:43,000 was open for business as usual and fairly positive throughout 607 00:36:43,599 --> 00:36:47,320 the trading session. The Dow finished up two hundred and 608 00:36:47,320 --> 00:36:53,079 thirty seven. The Dow close forty nine thousand and five four, 609 00:36:54,039 --> 00:36:58,239 so we're getting closer to that fifty thousand mark. SMP 610 00:36:58,599 --> 00:37:01,480 was up forty four, the Deck was up one hundred 611 00:37:01,480 --> 00:37:05,039 and ninety one. Price of gold good day, up fifty 612 00:37:05,159 --> 00:37:10,679 six dollars to forty five seventeen, and oil second day 613 00:37:10,719 --> 00:37:14,679 in a row of a decently big increase, up more 614 00:37:14,719 --> 00:37:17,920 than a buck to fifty nine dollars now for one 615 00:37:18,239 --> 00:37:22,320 barrel of oil. Thank you for coming by today. Have 616 00:37:22,440 --> 00:37:26,480 yourself a terrific weekend. We'll be back here on Monday. 617 00:37:26,559 --> 00:37:28,079 Hope you are too. We'll see you though,