WEBVTT 1 00:00:00.600 --> 00:00:04.480 You're listening to Bill Handle on demand from KFI AM 2 00:00:04.519 --> 00:00:05.839 six forty, and. 3 00:00:05.879 --> 00:00:09.080 Remember you listen any time on demand on the iHeartRadio app. 4 00:00:09.439 --> 00:00:11.519 You know, I made a bold prediction yesterday, and it 5 00:00:11.560 --> 00:00:13.279 turns out I might be wrong, And I hate to 6 00:00:13.320 --> 00:00:15.640 admit fault. I hate to say that I'm wrong, but 7 00:00:15.720 --> 00:00:18.440 I'm willing to man up and say, yep, I may 8 00:00:18.480 --> 00:00:21.480 have misread the situation. Yesterday. I said, when it came 9 00:00:21.519 --> 00:00:26.519 to the breach, I'm gonna call it a breach chat gate. 10 00:00:26.719 --> 00:00:27.760 I don't know what do you have to throw a 11 00:00:27.760 --> 00:00:30.679 gate on something, signal gate, whatever it is. When we 12 00:00:30.760 --> 00:00:34.840 had a reporter that was added to a signal messaging 13 00:00:34.920 --> 00:00:38.520 app chat that was discussing the attacks on the HOUTHI 14 00:00:38.600 --> 00:00:43.039 rebels in Yemen, I said, somebody's gonna lose their job 15 00:00:43.079 --> 00:00:45.479 for this. I thought it might be Mike Waltz, who 16 00:00:45.600 --> 00:00:48.520 it sounds like he's the guy that brought the journalist in, 17 00:00:48.640 --> 00:00:52.320 Jeffrey Goldberg from the Atlantic. They brought him in, he 18 00:00:52.359 --> 00:00:54.439 added him to the chat, and I said, you know, 19 00:00:54.759 --> 00:00:58.119 that is a that is such a colossal screw up 20 00:00:58.600 --> 00:01:02.159 that somebody's gonna have to pay the price for this. Yesterday, 21 00:01:02.240 --> 00:01:05.359 it sounds like the President has said, no, everything's great, 22 00:01:05.599 --> 00:01:09.680 even saying it was a learning moment, he learned his lesson. 23 00:01:09.760 --> 00:01:12.680 He's a really good guy. Kelly Mayor is the News 24 00:01:12.799 --> 00:01:16.840 Nation White House correspondent. You see her making waves whenever 25 00:01:16.840 --> 00:01:22.200 she's talking with the Press Secretary Carolyn Levitt and Kelly, 26 00:01:22.239 --> 00:01:24.560 it's great to have you on the program. This has 27 00:01:24.599 --> 00:01:27.359 to be a thank you. Oddly surreal moment when you're 28 00:01:27.359 --> 00:01:32.879 talking with the Press secretary about this, because yeah, yeah, 29 00:01:33.040 --> 00:01:35.319 it sounds like what she's saying is there's no classified information. 30 00:01:35.359 --> 00:01:37.599 There were no war plans. But I mean I saw 31 00:01:37.680 --> 00:01:39.920 the texts. I'm looking at them as we speak. That 32 00:01:39.959 --> 00:01:43.480 sure looks war planny and confidentialistic to me. 33 00:01:44.719 --> 00:01:47.079 Yeah, it seems like the debate today in Washington is 34 00:01:47.239 --> 00:01:50.159 over classified or not classified. And I was just talking 35 00:01:50.200 --> 00:01:53.200 with some of my sources in the Defense Department and 36 00:01:53.239 --> 00:01:56.680 they said, this is classified. It's not even debatable. And 37 00:01:56.719 --> 00:01:59.719 then we are also listening into a hearing happening in 38 00:01:59.719 --> 00:02:02.760 the House House, which is on global threats. Is what 39 00:02:02.799 --> 00:02:06.000 the hearing's about. But there are Democrats mostly questioning the 40 00:02:06.000 --> 00:02:09.599 top intelligence officials on the panel. The Director of National 41 00:02:09.639 --> 00:02:12.680 Intelligence SULCI Gabbert, the CIA director John Radcliffe, and the 42 00:02:12.759 --> 00:02:17.240 FBI director Cash Piteuse. And we just heard Rep. Castro 43 00:02:17.400 --> 00:02:19.560 saying this is a lie to the American people to 44 00:02:19.599 --> 00:02:23.599 say this is not classified. He says, this is classified information. 45 00:02:24.360 --> 00:02:27.439 The White House is pushing back on this article again 46 00:02:27.479 --> 00:02:30.360 this morning, because we just saw that The Atlantic published 47 00:02:30.360 --> 00:02:33.599 more messages just because of the pushback that they were 48 00:02:33.599 --> 00:02:36.080 getting from the White House that this wasn't authentic. And 49 00:02:36.120 --> 00:02:38.319 the White House is saying that this wasn't war plans, 50 00:02:38.319 --> 00:02:41.680 there was no timing, no locations, it wasn't classified. The 51 00:02:41.719 --> 00:02:44.000 wording that Gabbard used in the hearing just now is 52 00:02:44.039 --> 00:02:47.479 it was candid and sensitive, but it wasn't classified. 53 00:02:49.639 --> 00:02:51.400 I guess I would have to disput some of what 54 00:02:51.520 --> 00:02:53.800 they're arguing here. I mean, it says the attacks will 55 00:02:53.800 --> 00:02:55.960 happen over the next seventy two hours, so it says 56 00:02:56.159 --> 00:02:58.639 we are a go for launch, giving the exact time 57 00:02:58.719 --> 00:03:01.800 in the text messages, and for the for a president 58 00:03:01.840 --> 00:03:06.520 who's already had some issues with classified versus non classified documents. 59 00:03:06.560 --> 00:03:09.080 That and Kelly, I'm sure you're like the rest of us. 60 00:03:09.120 --> 00:03:11.759 You probably have a box or two of classified documents 61 00:03:12.319 --> 00:03:15.240 in your bathroom. As well. I know I'd like to 62 00:03:15.280 --> 00:03:17.560 sit on the commode and review some of those things, 63 00:03:17.560 --> 00:03:20.599 including the Kennedy and Epstein files for the president in 64 00:03:20.599 --> 00:03:23.400 the past who said he can just simply say not 65 00:03:23.479 --> 00:03:25.960 classified and it's no longer classified, which we all learned 66 00:03:26.000 --> 00:03:28.759 is not the case. Have they put painted themselves into 67 00:03:28.759 --> 00:03:33.039 an awkward position now where by saying that the communication 68 00:03:33.120 --> 00:03:35.719 was not classified, now Goldberg can go ahead and publish 69 00:03:35.719 --> 00:03:39.479 this information without fear of retribution. 70 00:03:39.960 --> 00:03:42.199 And he is. We just saw him release more of 71 00:03:42.240 --> 00:03:45.120 these methods this morning, saying, okay, if you're saying this 72 00:03:45.159 --> 00:03:47.199 isn't classified and going to release it. But you've even 73 00:03:47.240 --> 00:03:50.919 heard Caroline Lovett, she was quoted in his article Justice 74 00:03:50.960 --> 00:03:54.000 Morning saying it's not classified, but this is sensitive and 75 00:03:54.120 --> 00:03:58.000 argue the release against the release in a statement. And 76 00:03:58.439 --> 00:04:00.719 that was interesting to see, and I think you're seeing 77 00:04:00.759 --> 00:04:03.639 in the hearing as well, some of the pushback on 78 00:04:04.000 --> 00:04:07.560 haig Seth really that his messages were the most stamming 79 00:04:07.599 --> 00:04:09.879 of anyone. Waltz might have been the one that added 80 00:04:09.879 --> 00:04:12.199 Goldberg to the chat, but haig Seth was really the 81 00:04:12.199 --> 00:04:16.720 one that discussed the war plans, the attack plans, the 82 00:04:16.720 --> 00:04:19.800 timing when this was happening and broke it down. So 83 00:04:19.839 --> 00:04:23.160 there it seemed as though even Gabbered in her testimony 84 00:04:23.199 --> 00:04:27.199 today said she didn't think it was classified under the 85 00:04:27.279 --> 00:04:31.279 ODNI guidance, but or she said it was maybe classified 86 00:04:31.319 --> 00:04:33.920 under ODE and I guidance. But in terms of what 87 00:04:34.079 --> 00:04:35.839 they were going off of, she says, we're going off 88 00:04:35.879 --> 00:04:37.759 of Department of Defense guidance, and she was kind of 89 00:04:37.759 --> 00:04:41.120 pushing that responsibility on to them. So whether or not 90 00:04:41.160 --> 00:04:43.480 he becomes the fall guy in all of this, but 91 00:04:43.639 --> 00:04:45.680 right now, as you mentioned, the President is standing by 92 00:04:45.720 --> 00:04:48.519 his national security team and standing by Waltz in this. 93 00:04:49.279 --> 00:04:50.879 Yeah, so far, it doesn't look like there's going to 94 00:04:50.879 --> 00:04:52.560 be any sort of a fall guy here. Kelly Mayer 95 00:04:52.639 --> 00:04:54.959 is the News Nation White House correspondents. We talk about 96 00:04:55.000 --> 00:04:57.079 the shell game of who did what, what's classified, and 97 00:04:57.120 --> 00:05:00.480 what's not when it comes to this journalist was added 98 00:05:00.480 --> 00:05:05.399 to the Signal app chat messaging about the bombing in Yemen. 99 00:05:05.839 --> 00:05:08.560 I continue to flip through this. You talked about some 100 00:05:08.600 --> 00:05:10.600 of the damning things that were said, whether it was 101 00:05:10.639 --> 00:05:13.759 Pete heggs At or others. Jade Vance wasn't very flattering 102 00:05:13.800 --> 00:05:17.680 towards some of the European nations either. Hegsith said he 103 00:05:17.759 --> 00:05:21.480 also has loathing for European free loading. Is this likely 104 00:05:21.519 --> 00:05:24.199 to have consequences when it comes to foreign relations with 105 00:05:24.279 --> 00:05:25.920 some of those European nations? 106 00:05:26.439 --> 00:05:29.199 It really could. I mean, this is all European allies, 107 00:05:29.240 --> 00:05:32.240 our European allies are talking about. There was one of 108 00:05:32.279 --> 00:05:35.519 my White House colleagues was covering it for Europe and 109 00:05:35.519 --> 00:05:37.879 asked a question of the president. And that's all Europe 110 00:05:37.920 --> 00:05:39.639 wanted to hear about. Is on the papers over there 111 00:05:39.680 --> 00:05:42.879 in Britain. They feel as though Vance does not support 112 00:05:43.120 --> 00:05:46.639 the UK, doesn't support European allies, and he is next 113 00:05:46.639 --> 00:05:48.480 in line for the presidency. What does that mean for 114 00:05:48.519 --> 00:05:51.040 the rest of Europe. That's a big question. And that 115 00:05:51.079 --> 00:05:53.560 was really what was revealed in that chat. Not only 116 00:05:53.600 --> 00:05:55.839 that apologize I'm on my way to the White House 117 00:05:55.920 --> 00:05:58.959 and there's just loud noises, But not only that, but 118 00:05:59.360 --> 00:06:02.000 Vance in these messages as well also kind of showed 119 00:06:02.079 --> 00:06:05.639 his divide with President himself, showing that they're not always 120 00:06:05.639 --> 00:06:07.759 in agreement. So there's that part of it as well. 121 00:06:09.079 --> 00:06:12.120 Kelly Mahor, the News Nation White House correspondent, One final 122 00:06:12.199 --> 00:06:14.600 question here, Kelly, and then I'll let you go into 123 00:06:14.639 --> 00:06:17.319 the White House. That's a flex I never thought i'd 124 00:06:17.319 --> 00:06:22.040 here is. Are we seeing any sort of division among 125 00:06:22.079 --> 00:06:25.240 the ranks of the GOP. Obviously the Democrats are going 126 00:06:25.279 --> 00:06:26.959 to rally around and say this is a really bad 127 00:06:27.000 --> 00:06:29.720 thing by the administration. Are there any members of the 128 00:06:29.759 --> 00:06:32.319 GOP that are breaking ranks and going, yeah, this was 129 00:06:32.360 --> 00:06:34.399 a total blunder and an unforced error. 130 00:06:35.279 --> 00:06:37.120 Well, I think when it first broke you were seeing 131 00:06:37.160 --> 00:06:39.319 some of them say, yeah, this was a mistake, like 132 00:06:39.360 --> 00:06:42.519 they could have handled this better. Let's have an investigation. 133 00:06:42.600 --> 00:06:44.720 And now it seems as though they're really focused on 134 00:06:44.839 --> 00:06:47.639 having a bipartisan investigation. The Senate Armed Service to the 135 00:06:47.800 --> 00:06:50.120 German telling us yesterday that they are going to have 136 00:06:50.160 --> 00:06:52.560 this investigation. They want to ask for all the messages 137 00:06:52.879 --> 00:06:54.399 and then they'll look into this to see if there's 138 00:06:54.399 --> 00:06:57.160 any consequences or where the fault lies. So right now, 139 00:06:57.199 --> 00:06:59.439 it does seem like Republicans, at least on the surface 140 00:06:59.480 --> 00:07:01.600 publicly or saying that there needs to be a bipartisan 141 00:07:01.639 --> 00:07:06.360 investigation and are keeping it pretty much, you know, status quo. 142 00:07:06.519 --> 00:07:09.000 But it might be more behind the scenes happening as well. 143 00:07:09.759 --> 00:07:12.000 All right, Kelly, great talking with you. Head on into 144 00:07:12.000 --> 00:07:13.160 the White House. I know it can be a bit 145 00:07:13.240 --> 00:07:15.800 perguise to get in there, so good luck, Jilli Mayor 146 00:07:15.839 --> 00:07:19.920 the News Nation White House correspondent joining us here. Well, 147 00:07:20.160 --> 00:07:26.639 curious how this is going to play out. I don't know, Gang, 148 00:07:26.680 --> 00:07:28.920 you know, I said, I thought somebody. I thought somebody 149 00:07:28.920 --> 00:07:30.319 was going to lose their job over this, and then 150 00:07:30.319 --> 00:07:31.720 it looked like nobody was going to lose their job 151 00:07:31.759 --> 00:07:34.600 over this. Anybody feeling any different? I mean, anybody gonna 152 00:07:34.639 --> 00:07:37.079 lose their job over this? The President says no. But 153 00:07:37.079 --> 00:07:38.839 at some point, if you start getting some pressure from 154 00:07:38.839 --> 00:07:41.439 the White House, excuse me, from Congress, then the White 155 00:07:41.439 --> 00:07:44.879 House might have to throw up a sacrificial lamb. I 156 00:07:44.920 --> 00:07:47.759 don't know, you know, yesterday I was I said, mark 157 00:07:47.800 --> 00:07:50.959 it down, bank it that somebody's gonna lose her job. Today, 158 00:07:50.959 --> 00:07:53.959 I'm feeling about fifty to fifty, which is a little 159 00:07:53.959 --> 00:07:55.720 more than I was feeling when the show started. I 160 00:07:55.759 --> 00:07:57.680 was thinking, I was there was still about a ten 161 00:07:57.720 --> 00:08:02.839 percent chance. But I don't know. Man Trump has this 162 00:08:02.959 --> 00:08:07.560 way of just making trouble slide right off of him. 163 00:08:09.199 --> 00:08:11.800 But this one isn't on him. This one is on 164 00:08:12.160 --> 00:08:16.720 the others that were in that chat, and he may 165 00:08:16.759 --> 00:08:20.160 be more willing to allow a sacrificial lamb as long 166 00:08:20.160 --> 00:08:21.800 as it keeps some of the pressure off of him. 167 00:08:21.839 --> 00:08:26.079 We will watch how this plays out. How confident are 168 00:08:26.120 --> 00:08:29.360 you when you go to the store. Well, as you know, 169 00:08:29.399 --> 00:08:32.759 we have a consumer confidence index that comes out once 170 00:08:32.799 --> 00:08:35.879 a month, and even when things go well, if the 171 00:08:35.919 --> 00:08:38.960 perception is that things are not going well, consumer confidence 172 00:08:39.960 --> 00:08:42.279 kind of comes down a little bit. In fact, that 173 00:08:42.559 --> 00:08:44.200 was the case if you took a look at some 174 00:08:44.240 --> 00:08:47.480 of the numbers during portions of the Biden administration, we 175 00:08:47.519 --> 00:08:52.080 saw high inflation, consumer confidence dropped, wages were up. We 176 00:08:52.120 --> 00:08:56.159 saw some other economic indicators that were positive, including the 177 00:08:56.159 --> 00:08:59.000 stock market that was doing very well. But generally speaking, 178 00:08:59.000 --> 00:09:00.519 we go to the grocery store, we see the price 179 00:09:00.600 --> 00:09:04.159 of eggs cresting seven eight dollars a dozen, and our 180 00:09:04.240 --> 00:09:09.440 confidence right on down the toilet. Well, as you might imagine, 181 00:09:09.960 --> 00:09:13.679 when we have the tariff hokey pokey, then people feel 182 00:09:13.720 --> 00:09:16.600 like there's a lot of volatility, and volatility scares people. 183 00:09:16.960 --> 00:09:19.440 Eggs are still very high. We still have a high 184 00:09:19.440 --> 00:09:22.399 cost of other protein products. We'll get to those here 185 00:09:22.440 --> 00:09:26.120 in a minute. And if you haven't noticed, it's not 186 00:09:26.159 --> 00:09:28.360 like your energy bills are coming down, So we are 187 00:09:28.360 --> 00:09:32.600 getting hit boom boom boom, another bill, another bill, another bill, 188 00:09:33.919 --> 00:09:37.320 and the prices keep going up, and it's gonna be 189 00:09:37.320 --> 00:09:38.919 a hot summer and you're gonna be running that air 190 00:09:38.919 --> 00:09:41.480 conditioner and your power prices are higher than they were before, 191 00:09:41.559 --> 00:09:43.919 and how are you gonna run that air condition All 192 00:09:44.000 --> 00:09:49.320 that stuff, right, and so consumer confidence is starting to dissipate. 193 00:09:50.559 --> 00:09:53.080 Even it doesn't necessarily mean that it's a sign that 194 00:09:53.159 --> 00:09:56.639 the economy is sinking. It means that people are worried 195 00:09:56.679 --> 00:09:59.120 that the economy is sinking. In fact, I think it 196 00:09:59.159 --> 00:10:01.240 was Yeah, Bloomberg was discussing. 197 00:10:00.919 --> 00:10:03.960 This, These are bad numbers. It was expected that we 198 00:10:03.960 --> 00:10:06.879 would see it drop to ninety four, but seeing it 199 00:10:06.919 --> 00:10:09.240 drop to ninety two point nine, that is the lowest 200 00:10:09.320 --> 00:10:13.039 since the middle of the pandemic back in twenty twenty one, 201 00:10:13.840 --> 00:10:19.320 twenty so that is extremely bad news. Now, the other 202 00:10:19.360 --> 00:10:22.279 thing that we're seeing is that the prior month, the 203 00:10:22.320 --> 00:10:25.279 February number was revised up from ninety eight point three 204 00:10:25.279 --> 00:10:27.480 to one hundred point one, So this makes it even 205 00:10:27.519 --> 00:10:28.399 bigger drop. 206 00:10:29.240 --> 00:10:32.480 But also remember they revised these numbers based on these surveys, 207 00:10:33.159 --> 00:10:36.000 which means that this big drop this time around could 208 00:10:36.039 --> 00:10:40.480 be revised up. Next month could also be revised down. 209 00:10:40.519 --> 00:10:43.919 But I'm just saying that it may not be quite 210 00:10:43.960 --> 00:10:46.639 as bad as they're making it out to be, but 211 00:10:46.720 --> 00:10:47.360 it may be worse. 212 00:10:47.879 --> 00:10:52.159 The present Situation index actually drops to one thirty six 213 00:10:52.320 --> 00:10:55.879 five from one thirty eight to one, and expectations dropped 214 00:10:55.919 --> 00:10:57.120 to sixty five to two. 215 00:10:57.639 --> 00:10:59.639 All right, these are all numbers that mean nothing to you, 216 00:10:59.679 --> 00:11:01.600 and I I mean unless you are some sort of 217 00:11:01.639 --> 00:11:04.960 an investor that pays very close attention to the intricacies 218 00:11:05.000 --> 00:11:10.639 of the consumer price index, the consumer confidence, the other 219 00:11:10.759 --> 00:11:13.799 price in whatever else that it may matter to you. 220 00:11:13.840 --> 00:11:15.240 But for most of us, we go I don't know 221 00:11:15.240 --> 00:11:17.679 what is sixty two. I don't know he got a 222 00:11:17.759 --> 00:11:19.879 ninety two and a sixty five and a one thirty seven, 223 00:11:19.879 --> 00:11:22.000 and nobody really knows what it means, right, I get it. 224 00:11:22.960 --> 00:11:24.720 Here's what we are seeing though, that is freaking some 225 00:11:24.759 --> 00:11:30.639 people out. The consumer optimism is gone. Walmart has lowered 226 00:11:30.639 --> 00:11:34.919 their their profit forecasts. Right Target, We already know Target 227 00:11:34.960 --> 00:11:36.840 has been hurting. You can argue about whether it has 228 00:11:36.879 --> 00:11:39.320 to do with being woke, or DEI initiatives or anything else. 229 00:11:39.360 --> 00:11:45.240 Like that, but target sales are dropping, Macy's, Best Buy, Abercrombie, Fitch, 230 00:11:45.360 --> 00:11:50.120 Dollar General also getting cautious about their expectations. Home and 231 00:11:50.240 --> 00:11:53.000 car sales are dropping, although it doesn't seem to be 232 00:11:53.000 --> 00:11:55.159 loosening up the housing market at all, and certainly your 233 00:11:55.240 --> 00:11:58.039 housing continues to be very expensive. So all of these 234 00:11:58.080 --> 00:12:02.960 things mark uh, these are bad markers. And those bad 235 00:12:03.000 --> 00:12:06.279 markers lead another survey to say that the probability of 236 00:12:06.279 --> 00:12:11.360 a recession is approaching fifty percent. Now where this gets 237 00:12:12.000 --> 00:12:16.679 very interesting is there could be if we have tariffs 238 00:12:16.679 --> 00:12:18.320 going to effect, and we have taxes go up, and 239 00:12:18.360 --> 00:12:20.639 we have inflation and this sort of thing, that would 240 00:12:20.679 --> 00:12:24.000 be that would be a direct cause for a recession. 241 00:12:24.960 --> 00:12:29.480 But we can also worry ourselves into a recession. For instance, 242 00:12:29.480 --> 00:12:32.720 consumer confidence drops. You're not you're you don't know where 243 00:12:32.720 --> 00:12:34.159 the next paycheck is going to come from, or you 244 00:12:34.200 --> 00:12:35.679 don't know how much of that next paycheck is going 245 00:12:35.720 --> 00:12:38.200 to have to go to necessities like your your power bill, 246 00:12:38.240 --> 00:12:40.080 your mortgage, Well you know what your mortgage is gonna be, 247 00:12:40.120 --> 00:12:42.799 but uh you you know, uh, some of these other 248 00:12:43.159 --> 00:12:46.440 food costs, whatever else it might be. So you go, 249 00:12:47.039 --> 00:12:51.000 I'm I'm not going to spend my disposable income on 250 00:12:51.039 --> 00:12:54.480 a new TV this time around. I've got the money. 251 00:12:54.480 --> 00:12:57.639 I want a new TV, but I don't know what's 252 00:12:57.679 --> 00:13:00.919 going on with the cost of power this year. Is 253 00:13:00.960 --> 00:13:03.039 that gonna go up? And if that goes up and 254 00:13:03.080 --> 00:13:04.639 it's a hot summer, I want to make sure that 255 00:13:04.679 --> 00:13:07.000 I'm taking care of I don't know what's gonna go 256 00:13:07.080 --> 00:13:08.919 on with the clothing I need to put on my 257 00:13:09.080 --> 00:13:12.120 kids for next school year, because if Tariff's go into 258 00:13:12.159 --> 00:13:14.320 effect and all of a sudden, clothing starts going up 259 00:13:14.320 --> 00:13:17.240 in price because it's imported and I have to buy 260 00:13:17.519 --> 00:13:20.080 American made clothing and that might be more expensive anyway, 261 00:13:20.360 --> 00:13:23.279 then you go, my back to school bill is gonna 262 00:13:23.320 --> 00:13:25.559 be something I've never seen before. So you are starting 263 00:13:25.559 --> 00:13:28.879 to squirrel away your acorns. You're starting to put them away. 264 00:13:29.519 --> 00:13:32.480 And when you start to put those acorns away, that 265 00:13:32.519 --> 00:13:34.840 means you're not spending the money, which means that these 266 00:13:34.879 --> 00:13:37.120 different companies start to see a downturn. They start to 267 00:13:37.159 --> 00:13:41.080 see their expectations come down, their realizations come down, and 268 00:13:41.120 --> 00:13:43.320 that means, oh, we're gonna have to shutter this store, 269 00:13:43.320 --> 00:13:45.000 We're gonna have to lay off this many employees. We 270 00:13:45.000 --> 00:13:48.639 have to cut these hours, whatever it might be, which 271 00:13:48.639 --> 00:13:51.279 means there's less money filtering through the system, and all 272 00:13:51.279 --> 00:13:53.279 of a sudden, we do start to see a downturn. 273 00:13:53.360 --> 00:13:55.919 We do start to see a recession. We see a 274 00:13:55.960 --> 00:14:00.360 contraction simply out of concerns about the volatility that we 275 00:14:00.440 --> 00:14:03.799 have surrounding these real issues. Whether those real issues materialize 276 00:14:03.879 --> 00:14:09.600 or not, our concerns over those issues manifest into effectively 277 00:14:09.639 --> 00:14:11.840 a recession. Now. One area where you are continuing to 278 00:14:11.840 --> 00:14:17.720 see the hurt is when you go to the grocery 279 00:14:17.720 --> 00:14:21.039 store and you try to buy that burger. I don't 280 00:14:21.039 --> 00:14:24.480 know if you've seen the price of beef lately. It's 281 00:14:24.480 --> 00:14:27.840 getting a bit wild. Fox News was talking about that 282 00:14:28.360 --> 00:14:32.240 and they mentioned that some places are starting to freak out. 283 00:14:32.240 --> 00:14:35.559 A butcher shop hasn't seen their customers balk at higher 284 00:14:35.559 --> 00:14:38.639 prices because they see the prices, they see the inflation, 285 00:14:38.759 --> 00:14:41.039 they see that everything is going up, and so the 286 00:14:41.080 --> 00:14:46.440 butcher shop says, well, that's good. People understand, and yet 287 00:14:47.080 --> 00:14:49.279 I'm not happy about it. I don't know about you. 288 00:14:50.039 --> 00:14:52.440 I like to buy my I like to buy things 289 00:14:52.440 --> 00:14:53.840 in bulk and throw it in the freezer. But I 290 00:14:53.840 --> 00:14:55.320 got a room in the freezer. I'll buy a larger 291 00:14:55.399 --> 00:14:58.519 quantity and then I will freeze it, right, get a 292 00:14:58.519 --> 00:15:01.039 little bit cheaper. I don't like it when I see 293 00:15:01.039 --> 00:15:05.399 the price of beef five six dollars a pound. That's crazy. 294 00:15:05.919 --> 00:15:08.960 That's exactly what we're starting to see. Cattle herd is 295 00:15:09.000 --> 00:15:12.799 experiencing a down cycle. Cattle inventories are at historically low levels, 296 00:15:12.840 --> 00:15:17.559 according to Bovine Experts. A Department of Agriculture reporting in 297 00:15:17.600 --> 00:15:22.159 late January, the US farms had let me see a 298 00:15:22.240 --> 00:15:30.039 decline of one percent of their beef inventory. So they 299 00:15:30.039 --> 00:15:33.679 say they're killing smaller cattle. They're trying to kill them 300 00:15:33.720 --> 00:15:36.759 faster to create the supply that demand is needing, and 301 00:15:36.840 --> 00:15:38.679 they keep the larger cattle around I guess, and just 302 00:15:38.759 --> 00:15:41.279 kill the small ones faster. It is interesting too, that 303 00:15:42.000 --> 00:15:44.600 demand remains high, which is why they have to continue 304 00:15:44.639 --> 00:15:47.360 to slaughter the cattle. If your supply is low, it's 305 00:15:47.360 --> 00:15:50.440 because you slaughter too many cattle and you didn't breed enough. 306 00:15:51.159 --> 00:15:53.039 But it's only because demand is high enough that you 307 00:15:53.120 --> 00:15:56.000 end up slaughtering more cattle. Right, I mean, really, when 308 00:15:56.039 --> 00:15:58.679 we talk about supply and demand issues, we are talking 309 00:15:59.759 --> 00:16:03.720 in in agriculture. It is very quick. It is is 310 00:16:03.840 --> 00:16:07.159 on the nose. All right, Enough rambling about that stuff. 311 00:16:07.320 --> 00:16:11.360 How about something fun. Get this. Think about the last 312 00:16:11.360 --> 00:16:14.120 time that you lost something. Right, could be your keys, 313 00:16:15.279 --> 00:16:20.200 could be your wallet, purse, cell phone. And think about 314 00:16:20.240 --> 00:16:22.879 something and how frustrating that is when you lose it, 315 00:16:22.879 --> 00:16:26.519 and how relieved you are when you find it. Now, 316 00:16:26.639 --> 00:16:30.240 think about the time that you found something. Maybe you 317 00:16:30.399 --> 00:16:34.559 found twenty dollars. I once bought a desk at a 318 00:16:35.399 --> 00:16:39.399 garage sale and my wife used that desk for four 319 00:16:39.480 --> 00:16:42.440 or five years, and she asked me to move it 320 00:16:42.480 --> 00:16:43.919 one day and my buddy comes over and he says, 321 00:16:44.399 --> 00:16:45.759 I'll help you move the desk and we pulled the 322 00:16:45.840 --> 00:16:50.840 drawers out. Six thousand dollars was behind the drawer in 323 00:16:50.879 --> 00:16:52.799 the bottom of that desk. We'd owned this desk for 324 00:16:53.039 --> 00:16:57.639 years with six thousand dollars sitting in there, just cash. 325 00:16:57.799 --> 00:16:59.759 Evidently it had been used at somebody's business and they're 326 00:16:59.799 --> 00:17:04.200 paid casht or fell back there. But the business was 327 00:17:04.240 --> 00:17:05.599 gone and the people that sold that were selling it 328 00:17:05.799 --> 00:17:07.319 on a state sale. I couldn't track them down, and 329 00:17:07.359 --> 00:17:11.160 so we bought a TV. So think about the time 330 00:17:11.160 --> 00:17:14.119 that you found something big, or think about the time 331 00:17:14.119 --> 00:17:16.920 that you lost something big. You ever misplaced something, something, 332 00:17:17.039 --> 00:17:22.039 something major, or something of tremendous value. You always hear 333 00:17:22.039 --> 00:17:26.759 these stories about the kids in Poland that are out 334 00:17:26.799 --> 00:17:28.319 playing in the woods and then they run across the 335 00:17:28.319 --> 00:17:32.680 World War two a bomb or something that's undetonated. In fact, 336 00:17:32.720 --> 00:17:34.279 I think, didn't we have that. Yeah? I think I 337 00:17:34.319 --> 00:17:37.440 was in San Diego and they had the kids about 338 00:17:37.440 --> 00:17:40.000 ten years ago. I think kids were they discovered some 339 00:17:40.680 --> 00:17:45.799 unexploded ordinance and they had according everything off. That's scary. Now, 340 00:17:45.880 --> 00:17:51.400 imagine you're an astronomer and you find something really impressive. 341 00:17:52.559 --> 00:17:56.519 That's exactly what has happened now as astronomers have officially 342 00:17:56.680 --> 00:18:02.759 declared we found moons, and you say, wow, where are 343 00:18:02.799 --> 00:18:05.119 these moons that you just recently found? They must be 344 00:18:05.240 --> 00:18:08.240 light years away for you to find over one hundred 345 00:18:08.359 --> 00:18:12.480 new moons and have never discovered them in the past, 346 00:18:12.680 --> 00:18:15.720 these must be these must be a long long ways away, 347 00:18:15.759 --> 00:18:19.519 and you can Nope. A new study found that Saturn 348 00:18:19.559 --> 00:18:22.039 has one hundred and twenty eight new moons in orbit 349 00:18:22.240 --> 00:18:24.880 and they've been there the whole time that we've been 350 00:18:24.920 --> 00:18:29.319 staring at the skies. Yeah, Saturn now officially as two 351 00:18:29.440 --> 00:18:34.680 hundred and seventy four moons. It's got more moons than 352 00:18:34.720 --> 00:18:39.359 any other planet in our Solar system. The second is Jupiter. 353 00:18:39.440 --> 00:18:42.759 Jupiter is ninety five. So these moons they say were 354 00:18:42.759 --> 00:18:46.799 probably formed by cosmic smashups. They sent debris into Saturn's 355 00:18:46.839 --> 00:18:53.920 orbit about one hundred million years ago. Galactically speaking, that's 356 00:18:53.960 --> 00:18:57.759 pretty young. But that's been a while. So this team 357 00:18:57.759 --> 00:19:00.240 of astronomers finds these new moons and then I have 358 00:19:00.279 --> 00:19:01.759 to do a bunch of tests to make sure that 359 00:19:01.759 --> 00:19:05.559 sure enough they are new moons, and then they're able 360 00:19:05.559 --> 00:19:07.359 to announce it to the world. So one hundred and 361 00:19:07.359 --> 00:19:10.920 twenty eight new moons that they didn't observe in the past. 362 00:19:11.000 --> 00:19:15.079 I should, however, clarify before we bag too much on 363 00:19:15.119 --> 00:19:19.359 the astronomers that misplaced moons. Some of these moons are small, 364 00:19:19.640 --> 00:19:23.160 only a couple of miles wide, and when you compare 365 00:19:23.160 --> 00:19:26.119 that to our moon, which is a couple thousand miles wide, 366 00:19:26.960 --> 00:19:29.559 it makes it a little harder to detect. It's not 367 00:19:29.680 --> 00:19:32.640 as though they could simply point their telescope at Saturn 368 00:19:32.640 --> 00:19:35.039 and go, there's one, there's one, there's one. Indeed, they 369 00:19:35.039 --> 00:19:38.200 had to use some more sciencing in order to discover 370 00:19:38.279 --> 00:19:41.880 that these were there. It wasn't observed with the eye. 371 00:19:41.960 --> 00:19:44.559 It was observed with the math, which always blows my 372 00:19:44.599 --> 00:19:47.920 mind that astronomers can pick things out using the math. 373 00:19:48.440 --> 00:19:50.079 What you could see with your eye, if you were 374 00:19:50.119 --> 00:19:55.680 in a certain a certain location around the world, is 375 00:19:55.720 --> 00:19:59.799 you could see this weird blue spiral in the sky 376 00:20:00.079 --> 00:20:04.839 that looked ominously like a portal to another dimension. What 377 00:20:05.119 --> 00:20:05.359 was it? 378 00:20:06.119 --> 00:20:09.759 This amazing blue spiral was seen floating over Europe yesterday. 379 00:20:09.880 --> 00:20:13.720 Time lapse video was recorded in Croatia. People from the 380 00:20:13.759 --> 00:20:17.400 United Kingdom to Poland reported seeing it. UK's National Mediaorological 381 00:20:17.440 --> 00:20:20.559 and Climate Agency says it was likely caused by a 382 00:20:20.599 --> 00:20:24.400 SpaceX rocket launch earlier that day, or it's a wormhole. 383 00:20:24.920 --> 00:20:27.480 They say the spiral was the result of the rockets 384 00:20:28.039 --> 00:20:32.240 frozen exhaust plumes spinning in the atmosphere and reflecting sunlight. 385 00:20:32.920 --> 00:20:37.400 That's from Katla. I mean, that's a cool explanation way 386 00:20:37.440 --> 00:20:41.079 to explain it away, But I'm telling you I've watched 387 00:20:41.160 --> 00:20:43.759 enough sci fi to know it's exactly what a time 388 00:20:43.799 --> 00:20:50.200 portal looks like. So I mean, use your brains, people, 389 00:20:50.920 --> 00:20:54.319 do your research. If it looks like a time portal 390 00:20:54.880 --> 00:20:58.039 and it smells like a time portal. It's probably not 391 00:20:58.240 --> 00:21:02.799 SpaceX exhaust reflecting off the sunlight. I don't buy it. 392 00:21:03.920 --> 00:21:05.880 You know, who could have told us exactly what it was. 393 00:21:05.920 --> 00:21:07.799 The people in the space station. The problem is they're 394 00:21:07.799 --> 00:21:12.440 all in the sick bay. Astronauts on the ISS are 395 00:21:12.480 --> 00:21:16.160 being plagued by persistent rashes, unusual allergies, and a variety 396 00:21:16.160 --> 00:21:19.720 of infections. No, it's turning into a giant swingers party 397 00:21:19.799 --> 00:21:23.160 up there. Come to find out, it's because the lab 398 00:21:23.279 --> 00:21:29.599 is too clean. If if anybody happens to talk to 399 00:21:29.640 --> 00:21:33.200 my wife, do not tell her that this is a possibility. 400 00:21:33.279 --> 00:21:34.880 It is enough trouble for me to try to get 401 00:21:34.880 --> 00:21:38.640