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<v Speaker 1>And Hi, how are you welcome to the Big Podcast

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<v Speaker 1>on this Thursday. Today is the sixth day of November,

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<v Speaker 1>Year of Our Lord, twenty twenty five. My name is

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<v Speaker 1>Tom Sullivan. And well here we are day anybody counting. Well,

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<v Speaker 1>I am a day thirty seven of the shutdown, and

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<v Speaker 1>it's interesting to watch. We don't get to see what's

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<v Speaker 1>going on behind the scenes. You know, there's a lot

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<v Speaker 1>of people brainstorming trying to figure out what to do.

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<v Speaker 1>I was talking with a friend of mine earlier today

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<v Speaker 1>and she has this theory that she's because I had.

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<v Speaker 1>I told her about this theory that well, they're not

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<v Speaker 1>going to solve this until after the election. That was

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<v Speaker 1>two days ago. And I said, they'll wait a couple

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<v Speaker 1>of days and then all the ramifications from the shutdown

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<v Speaker 1>won't have anything to do with politics or elections or

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<v Speaker 1>anything like that, so they'll go ahead and solve whatever

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<v Speaker 1>their problems are. So give it a couple of days

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<v Speaker 1>to make a little space in there and make it

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<v Speaker 1>look like it's not tied to the elections. Well, here

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<v Speaker 1>we are a couple nks later, and there's nothing but

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<v Speaker 1>my friend's viewpoint is this, I mean, it's pure speculation, folks,

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<v Speaker 1>I don't know what else to do with it at

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<v Speaker 1>this point. She says that what they're doing, especially with

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<v Speaker 1>the airlines now that they are going through and saying

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<v Speaker 1>we're going to be cutting back on ten percent of

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<v Speaker 1>the flights in four different airports and then forty well

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<v Speaker 1>we'll get into that in a minute here, but that

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<v Speaker 1>will really cause all kinds of consternation. It will be

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<v Speaker 1>a big nuisance. And then after everybody's all upset about

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<v Speaker 1>that for a day or two, then the White House

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<v Speaker 1>will come along and solve all this by saying, fine,

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<v Speaker 1>we will sit down and negotiate the extension to the

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<v Speaker 1>Obamacare ACA, and then it will all come to an

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<v Speaker 1>end because they have to look like heroes. They've got

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<v Speaker 1>to come out of this looking they both need off ramps.

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<v Speaker 1>They're both stuck, and so that will be the White

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<v Speaker 1>House will say, Okay, we will sit down and negotiate.

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<v Speaker 1>And what they're already talking about, there's a number of

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<v Speaker 1>people already talking about the fact that they are talking

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<v Speaker 1>about maybe instead of the one point five trillion dollars number,

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<v Speaker 1>that's a ten year number on the if the subsidies

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<v Speaker 1>for people on Obamacare or were boosted or were not

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<v Speaker 1>what they're supposed to expire at the end of this year,

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<v Speaker 1>they would not expire. It would cost one and a

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<v Speaker 1>half trillion dollars over the next ten years. So then

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<v Speaker 1>you will what about if we just do one year,

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<v Speaker 1>or maybe we do two. And that's so typical of Washington.

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<v Speaker 1>They love to kick the can down the road. This

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<v Speaker 1>thing was supposed to be a temporary help for people

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<v Speaker 1>that were on Obamacare during COVID when they did not

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<v Speaker 1>have jobs, a lot of businesses were closed. It was

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<v Speaker 1>let us help you out through this crisis. Well, the

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<v Speaker 1>crisis is pretty much behind us, isn't it. So they're

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<v Speaker 1>going to kick it down the road another I don't

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<v Speaker 1>know what you watch, it'll be a one or two,

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<v Speaker 1>maybe three year deal, and that's how they're going to

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<v Speaker 1>get out of this. In fact, Josh Gothheimer, who is

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<v Speaker 1>a Congressman from New Jersey, he's a Democrat. What was

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<v Speaker 1>the name of that committee, he was on the Solution

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<v Speaker 1>Committee or something. It was made up a handful of

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<v Speaker 1>Democrats and Republicans and they got together to try to

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<v Speaker 1>solve some of the political problems that Congress faces. Anyway,

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<v Speaker 1>here's a little bit from Josh Gothheimer and listen to

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<v Speaker 1>sounds like he's kind of looking for something like a

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<v Speaker 1>couple of years huge.

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<v Speaker 2>Hit on our economy.

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<v Speaker 3>You're talking about twenty percent of the nation's GDP runs

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<v Speaker 3>through this region. It just puts a finer point on

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<v Speaker 3>the fact that and as the President admitted himself, as

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<v Speaker 3>you just reported, that the shutdown was caused by the Republicans, right,

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<v Speaker 3>admitted that the shutout was hurting Republicans. That we saw

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<v Speaker 3>that on Tuesday night, very clearly the public has said enough.

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<v Speaker 3>And what we're doing and why I'm continuing to talk

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<v Speaker 3>to my colleagues across the aisle every single day in

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<v Speaker 3>the House, in the Senate is to figure out how

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<v Speaker 3>we can get the government back open and of course,

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<v Speaker 3>at the same time address what people made it clear

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<v Speaker 3>Tuesday night that they're concerned about, which is the rising

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<v Speaker 3>prices across the board that's killing them.

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<v Speaker 1>So you hear where his point is he's talking about.

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<v Speaker 1>The President did go talk to the Republicans in the

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<v Speaker 1>Senate and said, man, the shutdown is really hurting Republicans.

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<v Speaker 1>Everybody always blames the Republicans regardless, but even the President

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<v Speaker 1>admitted it, and his answer was to get rid of

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<v Speaker 1>the filibuster, and nobody wants to do that. That is

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<v Speaker 1>not a good idea, and it's the first time that

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<v Speaker 1>a lot of Republicans in the Senate have bucked the

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<v Speaker 1>President on his ideas. So Josh Gosheimer says, while this

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<v Speaker 1>is obviously hurting Republicans, so there's going to be some

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<v Speaker 1>give on their part.

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<v Speaker 3>You know, whether it's healthcare insurance premiums, which we know

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<v Speaker 3>are up massively and we'll go up next year on

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<v Speaker 3>average about eighteen percent in Jersey. If you're on the

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<v Speaker 3>ACA and getting those subjects and extra help on those

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<v Speaker 3>tax credits, you're talking about one hundred and seventy five

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<v Speaker 3>percent increase plus energy costs and childcare bills.

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<v Speaker 4>Right.

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<v Speaker 3>People need some help, and the tariffs aren't doing it.

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<v Speaker 3>And what we're clear is they say to the President enough,

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<v Speaker 3>the country's going in the wrong direction. You've got to

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<v Speaker 3>change things. So that's what we're focused on doing, is

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<v Speaker 3>helping people out.

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<v Speaker 1>So he believes he's helping people out, and a lot

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<v Speaker 1>of people in Congress are of the same thought, but

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<v Speaker 1>they're actually hurting people. We've talked about this before. Every

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<v Speaker 1>time they subsidize something. What the easiest one to understand

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<v Speaker 1>is when they give college students loans student loans, they're

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<v Speaker 1>subsidizing their education. It's got to be paid back some

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<v Speaker 1>day theoretically. But what they do is makes it easier

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<v Speaker 1>than for the universities to raise the students to wish.

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<v Speaker 1>And it's the same in this is that as the

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<v Speaker 1>government keeps subsidizing people on the government health insurance plan,

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<v Speaker 1>the insurance companies just raise their prices. It's not helping

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<v Speaker 1>anybody other than the insurance companies. And I'm sure there's

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<v Speaker 1>some of them in Congress that know that and are

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<v Speaker 1>more than happy to accept the campaign contributions from the

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<v Speaker 1>insurance companies. But there's a lot of them like Josh Gothheimer,

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<v Speaker 1>who thinks he's helping people out, and all he is

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<v Speaker 1>doing is helping the insurance companies out. But there are

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<v Speaker 1>a lot of Republicans licking their wounds. After Tuesday, Democrats

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<v Speaker 1>ran the board And I got an email the other

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<v Speaker 1>day from somebody who thought that saying the word affordability

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<v Speaker 1>was fake and wasn't real and all that. No affordability

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<v Speaker 1>is I think the issue that came out of the

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<v Speaker 1>election on Tuesday and I've heard it before the election.

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<v Speaker 1>People are screaming about the fact that prices are too high.

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<v Speaker 1>Now you've got gas prices are down. That's one of

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<v Speaker 1>your economic indicators for most people. But they're not back

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<v Speaker 1>to where they were back in Trump one point zero,

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<v Speaker 1>so they've come down. The other big economic indicator is

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<v Speaker 1>the grocery store. In grocery prices by and large are up.

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<v Speaker 1>People also have had pay raises, and companies feel like

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<v Speaker 1>they've had to in order to get people to work

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<v Speaker 1>for them, give them pay raises, and those pay raises

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<v Speaker 1>have been inflationary. They drive up the cost of the employer,

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<v Speaker 1>and so the employer raises the price of their products.

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<v Speaker 1>So it's a vicious circle. And the latest example of

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<v Speaker 1>it was Tuesday, people said, I don't like what's going on.

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<v Speaker 1>When you look at the polling about President Trump. Approval

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<v Speaker 1>ratings are down into the mid thirties, while on the

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<v Speaker 1>economy they're down to like forty percent approve of the economy.

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<v Speaker 1>That doctor Donald Trump is doing a good job on

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<v Speaker 1>the economy. That's the same as as Joe Biden, and

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<v Speaker 1>back when he bailed out of running for a second term,

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<v Speaker 1>his approval rating was forty Donald Trump's is forty one

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<v Speaker 1>on the economy. So people are looking at going You

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<v Speaker 1>said you were going to get you were going to

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<v Speaker 1>get prices down, the cost of living was going to

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<v Speaker 1>go down, and it hasn't And that I think has

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<v Speaker 1>a great deal to do with the election results on Tuesday.

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<v Speaker 1>And also they don't know what to do in the

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<v Speaker 1>Congress because they don't want to upset the president. But

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<v Speaker 1>they're hearing this from their constituents as well. Steph Knight

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<v Speaker 1>is a reporter for Axios, and she was asked about

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<v Speaker 1>what she is hearing is she wanders in the halls

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<v Speaker 1>of the US capital. Have there been any signs of

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<v Speaker 1>somebody coming to an agreement?

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<v Speaker 5>You know, at the start of the week on Monday,

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<v Speaker 5>it seemed that we were moving pretty quickly towards some

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<v Speaker 5>kind of a deal. We started getting a framework for

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<v Speaker 5>what a deal would look like, what it seemed that

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<v Speaker 5>at least a handful of moderate Democrats would be willing

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<v Speaker 5>to vote for to open the government and move forward

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<v Speaker 5>on some of these other issues.

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<v Speaker 2>But then two big moments happen.

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<v Speaker 5>Of course, Tuesday night, a Democrats swept in Virginia and

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<v Speaker 5>New Jersey. In California, and that's really emboldened parts of

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<v Speaker 5>the Democratic Party. To Senator Bernie Sanders point, it's emboldened

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<v Speaker 5>many of them to keep going, to not keep yet,

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<v Speaker 5>and to not distract from the fact that their party

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<v Speaker 5>is really riding a high right now. They want to

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<v Speaker 5>keep the focus on them fighting Trump and moving forward.

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<v Speaker 5>There are still some Democrats who are willing to work

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<v Speaker 5>with Republicans. There are still ongoing conversations happening. Be a

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<v Speaker 5>key meeting with Senate Democrats today where we expect the

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<v Speaker 5>caucus to really hash out what the path forward is,

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<v Speaker 5>how long they want to delay there any decision to

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<v Speaker 5>vote to reopen the government. So today is going to

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<v Speaker 5>be a key day. The other thing that happened yesterday

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<v Speaker 5>was that President Trump blamed Republicans for the shutdown behind

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<v Speaker 5>closed doors. He said the shutdown has been worse for

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<v Speaker 5>Republicans than Democrats. He also again put pressure on Republicans

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<v Speaker 5>to end the filibuster. This has kind of sown tension

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<v Speaker 5>within Republicans who felt like they were actually, you know,

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<v Speaker 5>doing well when it comes to the shutdown politics. Republicans

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<v Speaker 5>were continuing to say that they felt that, you know,

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<v Speaker 5>Democrats were at fault for the shutdown, and the American

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<v Speaker 5>people were hearing that Trump completely undermined that message, and

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<v Speaker 5>that has sewn, you know, some discord within Republicans as well.

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<v Speaker 1>So Monday, the Democrats were feeling like, oh boy, we better,

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<v Speaker 1>we better give in, looking pretty bad for is Tuesday.

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<v Speaker 1>The election gave wind into the sale of the Democrats.

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<v Speaker 1>They are feeling bigger and better, stronger from the results

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<v Speaker 1>of their clean sweep on Tuesday. The Americans for Limited

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<v Speaker 1>Government conservative organization in their newsletter that came out today,

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<v Speaker 1>they're talking about around the election time. In twenty twenty four,

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<v Speaker 1>Biden's approval rating on the economy was around forty percent.

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<v Speaker 1>Democrats fared poorly as swing voters punished Biden, who repla

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<v Speaker 1>and then Harris, who replaced Biden on the ballot. Oil

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<v Speaker 1>was seventy two dollars. It's now down to sixty. So far,

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<v Speaker 1>so good. By using the same metrics, even with inflation

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<v Speaker 1>continuing to cool versus income, the president's approval on the

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<v Speaker 1>economy today averages forty one percent. Every election is a

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<v Speaker 1>referendum on the incumbent, and now the shoe is on

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<v Speaker 1>the other foot. With the twenty twenty six congressional mid

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<v Speaker 1>terms now one year away. Perception is everything inflation is cooling,

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<v Speaker 1>but are American people feeling it? That's from the Americans

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<v Speaker 1>for Limited Government. I think their question is a very

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<v Speaker 1>very legitimate question. All Right, we have the election reaction

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<v Speaker 1>from let's check in Harry Inton always finds the latest

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<v Speaker 1>numbers on what's going on out there. Here's Harry On reacting.

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<v Speaker 2>Tatoosay, Yeah, I think there are a lot of Republicans

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<v Speaker 2>who saw those polls that you know, showed Donald Trump

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<v Speaker 2>low nationally and they didn't necessarily believe them. But for Democrats,

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<v Speaker 2>those polls are real and they are spectacular. And the

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<v Speaker 2>reason I say that is because take a look here,

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<v Speaker 2>voted for the Democratic nominee. Among Trump disapprovers, I got

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<v Speaker 2>twenty seventeen Trump's first term and twenty twenty five in

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<v Speaker 2>New Jersey. In Virginia and seven team Among the Trump disapprovers,

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<v Speaker 2>the Democrat nominees got eighty two percent in New Jersey,

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<v Speaker 2>eighty seven percent of Virginia. Come over to this side

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<v Speaker 2>of the screen. If there is any idea that Republicans

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<v Speaker 2>are going to be able to outrun Donald Trump's low

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<v Speaker 2>approval ratings, this says, Nah, they're going to be like

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<v Speaker 2>and Paula's getting chased down in the African desert by

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<v Speaker 2>a big lion.

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<v Speaker 4>Look at this.

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<v Speaker 2>Ninety three percent of Trump disapprovers voted for the Democrat

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<v Speaker 2>nominee in New Jersey and ninety two percent voted for

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<v Speaker 2>them in the Great Commonwealth of Virginia.

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<v Speaker 1>I get that because people that disapproved of Donald Trump,

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<v Speaker 1>we're certainly going to vote for the Democrats to one

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<v Speaker 1>in New Jersey and Virginia.

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<v Speaker 2>Okay, what does that all mean? Right? I think there

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<v Speaker 2>are a lot of Republicans saying, Okay, Donald Trump ain't

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<v Speaker 2>that popular, but the Democrats aren't popular either, and those

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<v Speaker 2>Democratic low favorite ratings, those will save us. Well, we

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<v Speaker 2>had a test of that on Tuesday night. So what

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<v Speaker 2>do we see here? Okay, vote for the Democratic nominee,

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<v Speaker 2>view neither party favorably. Here's the margin. Look at this

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<v Speaker 2>in New Jersey. If you viewed neither party favorably in

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<v Speaker 2>New Jersey, Mike, you sure won that vote by sixty

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<v Speaker 2>six points. How about in Virginia, Abigail Spamberger won that

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<v Speaker 2>vote by fifty six points. It doesn't necessarily matter. It

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<v Speaker 2>turns out that the Democrats have viewed that unfavorably because

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<v Speaker 2>amongst those who like neither party, the Democrats ran away

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<v Speaker 2>with it. You know, I started off with a running

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<v Speaker 2>analogy talking about the African desert. These folks are like

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<v Speaker 2>Usain Bolt, despite the fact that Donald Trump is despite

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<v Speaker 2>the fact that Democrats have viewed unfavorably, Democrats are like

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<v Speaker 2>usaying vote because Donald Trump is like rocket fuel, and

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<v Speaker 2>they're able to run away from the pack. And I

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<v Speaker 2>think you say, boat would leave both of us in

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<v Speaker 2>the disk.

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<v Speaker 1>So people like me that don't care for Republicans or Democrats,

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<v Speaker 1>I think there are a bunch of clowns voted heavily

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<v Speaker 1>for the people that won't in Virginia and in New Jersey.

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<v Speaker 1>Something to chew one after the Tuesday election, let's talk cairlines,

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<v Speaker 1>because if you're flying someplace, there's a little bit of

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<v Speaker 1>a roll of the dice that you're going to be

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<v Speaker 1>facing starting tomorrow. We're going to find out sometime probably

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<v Speaker 1>late this afternoon or this evening which airports are involved.

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<v Speaker 1>But you'll hear Sean Duffy, the Transportation Secretary, and the

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<v Speaker 1>FAA administrator. They've decided to reduce the number of airplanes

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<v Speaker 1>in the sky by saying ten percent of the flights

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<v Speaker 1>at forty of the busiest airports are going to be canceled,

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<v Speaker 1>So your flight may be one of those. Now, one

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<v Speaker 1>of the things that I'm hearing from people that I

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<v Speaker 1>know in the aviation industry is what they're targeting, probably

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<v Speaker 1>regional airlines. So if you're flying in and again it

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<v Speaker 1>may say American Airlines, that may say United Airlines. But

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<v Speaker 1>if your ticket or your reservation says operated by and

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<v Speaker 1>there's three or four big regional carriers that operate the

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<v Speaker 1>flights for United and American and Delta, and they don't

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<v Speaker 1>carry a lot of passengers. They fly to smaller communities,

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<v Speaker 1>but they take up one space of one airplane in

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<v Speaker 1>the aviation sky. So it may be where the ones

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<v Speaker 1>that they pick on for cancelations will be regional carriers'

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<v Speaker 1>flights will have to wait for the officialdom from them.

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<v Speaker 1>Here's Sean Duffy, the Secretary of Transportation.

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<v Speaker 6>But our number one priority is to make sure when

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<v Speaker 6>you travel, you travel safely. And that's why, as the

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<v Speaker 6>Administrator and I have been talking throughout the day, his

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<v Speaker 6>team has been working for the last twenty four to

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<v Speaker 6>thirty six forty eight hours crunching data. We're noticing that

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<v Speaker 6>there's additional pressure that's building in the system. And again,

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<v Speaker 6>our priority is to make sure that you're safe, and

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<v Speaker 6>so we're going to talk about additional measures that we

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<v Speaker 6>are going to take that's going to reduce their risk

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<v Speaker 6>profile in the national airspace. And I'm going to turn

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<v Speaker 6>it over to the administrator to do that. As he

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<v Speaker 6>walks through what that plan is going to look like.

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<v Speaker 6>I anticipate there will be additional disruptions, there will be frustration.

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<v Speaker 6>We are working with the airlines, they're going to work

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<v Speaker 6>with passenger tent reduction in capacity at forty of our locations.

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<v Speaker 6>The administrator is going to tell you, the trader is

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<v Speaker 6>going to talk about all of the tools we're going

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<v Speaker 6>to deploy. One of them, though, is going to be

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<v Speaker 6>that there is going to be a ten percent reduction

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<v Speaker 6>in capacity at forty of our locations.

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<v Speaker 1>Hey, you heard that right, ten percent of the fights

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<v Speaker 1>at forty of the busiest airports in the country. Like

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<v Speaker 1>you said, the disruption is going to get worse. Here's

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<v Speaker 1>Brendon Bedford, who's the FAA administrator.

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<v Speaker 7>There's no perfect science here, so it's really trying to

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<v Speaker 7>look at where the potential pressure points are building, what

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<v Speaker 7>we're seeing in terms of safety disclosure reporting from our

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<v Speaker 7>commercial air transport pilots that's informing us, and then as

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<v Speaker 7>we get into the granular details on these forty individual markets,

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<v Speaker 7>we felt like this was the appropriate next step.

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<v Speaker 1>Again, I refer back to the lady I know whose

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<v Speaker 1>grand theory is is that they're going to make it

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<v Speaker 1>very uncomfortable and then the White House will come in

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<v Speaker 1>and save the day by negotiating some sort of partial

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<v Speaker 1>subsidy for people on Obamacare. Peter Gottz is a former

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<v Speaker 1>NTSB chairman and his whole world is about safety.

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<v Speaker 8>He's dead right unfortunately. I mean, this is chaos out there,

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<v Speaker 8>and I think Secretary Duffy, you know, he's a good guy,

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<v Speaker 8>but he's not an aviation guy. His service in the

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<v Speaker 8>con was not on the Aviation Committee. He's been doing

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<v Speaker 8>the best he can, but there's a profound mistrust on

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<v Speaker 8>the part of some of the Democratic negotiators that they

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<v Speaker 8>could cut a deal with John Thune and the White

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<v Speaker 8>House wouldn't back it up. So they want somebody from

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<v Speaker 8>the White House to commit to any kind of deal

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<v Speaker 8>going forward. And that's just not there yet. I would

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<v Speaker 8>say he's learning on the job. He's getting reports from pilots.

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<v Speaker 8>The pilots are saying that there are more and more

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<v Speaker 8>indications that the system is beyond you safe, that it

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<v Speaker 8>is stretching, and they the pilots call in their reports

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<v Speaker 8>after their flights. He has to make a decision to

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<v Speaker 8>back those down, to back up if he has an

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<v Speaker 8>accident in an area where the pilot has warned, where

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<v Speaker 8>pilots have warned that this has been an unsafe situation developing,

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<v Speaker 8>it would be devastating. The entire system would have to

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<v Speaker 8>shut down. So it's a very delicate situation.

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<v Speaker 2>Now.

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<v Speaker 8>It raises the question of privatization of the airspace. This

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<v Speaker 8>has long been a goal of the conservative Republican side.

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<v Speaker 8>They think the airspace should be privatized, should be run

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<v Speaker 8>as a private entity with some government input. The pilots

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<v Speaker 8>and the air traffic controllers have opposed that. This is

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<v Speaker 8>underscoring that debate, and I think we'll see it come

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<v Speaker 8>up again in the future.

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<v Speaker 1>Well, Peter Gtz is right. The whole thing about privatizing

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<v Speaker 1>the air traffic control system is being fought by the

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<v Speaker 1>Air Traffic Control Union. It's being fought by a lot

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<v Speaker 1>of people that are commercial airline pilots. The general aviation

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<v Speaker 1>pilots don't want that because a private system would require

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<v Speaker 1>that if you want to fly, you've got to pay

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<v Speaker 1>a fee before you you can take off, or it

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<v Speaker 1>would also encourage people not to file flight plans, which

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<v Speaker 1>would make more flights, make it more danger especially if

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<v Speaker 1>there's an emergency. They do have a private air traffic

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<v Speaker 1>control system in Canada, and it works. It's very it

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<v Speaker 1>works very well, it's very professional, but they don't have

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<v Speaker 1>anywhere near the air traffic that we have here in

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<v Speaker 1>the United States. So we wait to see what's going

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<v Speaker 1>to happen on how many of the Even if you

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<v Speaker 1>don't live in an area where there are the forty

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<v Speaker 1>airports that they're going to select, if you want to

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<v Speaker 1>take a flight, are you going to fly from a

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<v Speaker 1>smaller medium sized airport to another smaller medium sized airport,

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<v Speaker 1>or are you're going to be flying into one of

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<v Speaker 1>the big airports where there are going to be restrictions.

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<v Speaker 1>So we still are waiting to see what happens. But again,

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<v Speaker 1>this all starts Friday eight We're recording this on Thursday,

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<v Speaker 1>the sixth. This starts Friday the seventh, So if you

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<v Speaker 1>have a ticket, be prepared now. Ten percent. If you

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<v Speaker 1>want to do the math on this, there's about fifty

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<v Speaker 1>thousand flights a day in the United States. Ten percent

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<v Speaker 1>means five thousand flights could effectively be canceled. Is that

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<v Speaker 1>enough to reduce the pressure on the air traffic system.

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<v Speaker 1>I don't know. But that also means that if you

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<v Speaker 1>have a flight schedule for Tomorrow or Saturday or Sunday,

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<v Speaker 1>if ten percent are going to be canceled, that means

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<v Speaker 1>you have a ninety percent chance that your flight is

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<v Speaker 1>going to go. I don't know if it'll be on time,

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<v Speaker 1>but a ninety percent chance that it is going to

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<v Speaker 1>actually get from point A to point B. Still a

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<v Speaker 1>lot of buzzs flying around today after the Supreme Court

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<v Speaker 1>did a hearing yesterday on the tariffs. Whether the President

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<v Speaker 1>has not this president just presidents have the authority to

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<v Speaker 1>lay tariffs on foreign countries. Here are some of the

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<v Speaker 1>comments from justices. The first voice you hear is Chief

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<v Speaker 1>Justice Roberts, the second voice you hear is Amy Coney Barrett,

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<v Speaker 1>and the third voice is a Justice Gorsage.

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<v Speaker 4>Tariffs.

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<v Speaker 9>If a tariff is imposed on either automobiles, who pays them?

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<v Speaker 2>Is it your.

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<v Speaker 10>Contention that every country needed to be tariff because of

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<v Speaker 10>threats to the defense and industrial base? I mean it Spain, France,

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<v Speaker 10>I mean I could see it with some countries.

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<v Speaker 9>Could the president impose a fifty percent tariff on gas

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<v Speaker 9>powered chorus and auto parts to deal with the unusual

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<v Speaker 9>and extraordinary threat from abroad of climate change?

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<v Speaker 1>The last one, Justice Gorsage, he was making the point,

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<v Speaker 1>if there is a president, and it would have been

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<v Speaker 1>something I could imagine Joe Biden would have done. If

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<v Speaker 1>a president can issue tariffs for whatever he or she thinks,

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<v Speaker 1>and the president is a big climate change warrior, then

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<v Speaker 1>could the president impose a massive tariff on gasoline powered

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<v Speaker 1>automobiles that are made in other countries and come into

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<v Speaker 1>the US. And that it sounded to me like Justice Roberts,

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<v Speaker 1>Justice Barrett, Justice Garsage, all of them seem rather skeptical

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<v Speaker 1>about the ability of the president to be able to

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<v Speaker 1>lay tariffs. Dan Rayfield, he is the attorney general for

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<v Speaker 1>the state of Oregon.

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<v Speaker 2>This is what he had to say.

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<v Speaker 11>Well, it was unquestionably skepticism from some of the conservative

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<v Speaker 11>jurists that were sitting there and that was palpable in

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<v Speaker 11>the room some very actually intense moments as they were

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<v Speaker 11>grappling with found national constitutional principles. In this moment, I

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<v Speaker 11>think what was also an incredible takeaway, and I think

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<v Speaker 11>would be incredibly frustrating for Americans if they were listing,

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<v Speaker 11>is that, for what ten eleven months, we've listened to

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<v Speaker 11>the President talk about these tariffs are going to be

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<v Speaker 11>paid by foreign companies, foreign countries. What you heard is

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<v Speaker 11>the attorney for the President, look, these justice in the isset,

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<v Speaker 11>Americans are paying right now thirty to eighty percent of

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<v Speaker 11>the tariff costs here in America. And they sat there

422
00:26:27.160 --> 00:26:29.920
<v Speaker 11>and said, that's four trillion dollars or what is going

423
00:26:29.960 --> 00:26:33.359
<v Speaker 11>to come into the treasury because of these tariffs. That's

424
00:26:33.599 --> 00:26:35.759
<v Speaker 11>wild that they're willing to sit there and admit to

425
00:26:35.799 --> 00:26:38.039
<v Speaker 11>these justices how much we as Americans are paying.

426
00:26:38.319 --> 00:26:40.680
<v Speaker 1>I thought that was interesting about the fact that thirty

427
00:26:40.720 --> 00:26:43.799
<v Speaker 1>to eighty percent's a pretty wide range. Thirty to eighty

428
00:26:43.839 --> 00:26:47.920
<v Speaker 1>percent of the tariffs are being paid by Americans, and

429
00:26:48.359 --> 00:26:51.680
<v Speaker 1>that is where tariffs usually work, is the person receiving

430
00:26:51.720 --> 00:26:54.720
<v Speaker 1>the goods from overseas is the one who pays the tariff.

431
00:26:55.000 --> 00:26:58.440
<v Speaker 1>Thirty to eighty means some companies are, some shippers are

432
00:26:58.440 --> 00:27:01.759
<v Speaker 1>picking up the tariff, others are or not. But four

433
00:27:01.799 --> 00:27:04.400
<v Speaker 1>trillion dollars is the number that he came up with.

434
00:27:04.480 --> 00:27:10.640
<v Speaker 1>So if this goes in favor of the President, then

435
00:27:11.720 --> 00:27:14.359
<v Speaker 1>they'll discontinue to keep collecting the tariffs. If it goes

436
00:27:14.480 --> 00:27:20.480
<v Speaker 1>against the president, I don't know. People are trying how

437
00:27:20.599 --> 00:27:24.000
<v Speaker 1>will they have to reimburse all the people that have

438
00:27:24.160 --> 00:27:31.799
<v Speaker 1>paid tariffs? And that is beyond imagination because if the

439
00:27:31.839 --> 00:27:35.839
<v Speaker 1>wholesaler picking up the product had to pay the tariff,

440
00:27:35.880 --> 00:27:40.480
<v Speaker 1>then they passed that on theoretically to the distributor, who

441
00:27:40.519 --> 00:27:43.480
<v Speaker 1>passed it on to the retailer who passed it on

442
00:27:43.559 --> 00:27:48.079
<v Speaker 1>to you. And I don't have any receipts showing that

443
00:27:48.200 --> 00:27:52.599
<v Speaker 1>I paid any particular amount for things that I bought

444
00:27:53.359 --> 00:27:58.440
<v Speaker 1>were tariff related. So it's very complicated. But they're not

445
00:27:58.480 --> 00:28:02.279
<v Speaker 1>going to hold this decision till next June, like they

446
00:28:02.279 --> 00:28:04.400
<v Speaker 1>do with most of their decisions. It should be coming

447
00:28:04.440 --> 00:28:09.880
<v Speaker 1>out fairly soon. So a big cliffhanger coming in on

448
00:28:10.160 --> 00:28:13.200
<v Speaker 1>the tariffs and the amount of money. Speaking of big money,

449
00:28:14.000 --> 00:28:17.599
<v Speaker 1>TESLA is having a shareholders meeting today and one of

450
00:28:17.640 --> 00:28:20.599
<v Speaker 1>the items on the agenda is they're going to vote

451
00:28:20.960 --> 00:28:26.839
<v Speaker 1>the shareholders will on Elon Musk's one trillion dollar pay package.

452
00:28:27.400 --> 00:28:29.759
<v Speaker 1>A lot of people raise their eyebrows on that. Phil

453
00:28:29.839 --> 00:28:34.759
<v Speaker 1>a bow Over at CNBC's follows everything at Tesla. He

454
00:28:34.799 --> 00:28:39.519
<v Speaker 1>had this to kind of lay out what Elon Musk

455
00:28:39.640 --> 00:28:43.119
<v Speaker 1>has to do in order to earn one trillion dollars.

456
00:28:43.240 --> 00:28:45.400
<v Speaker 12>So I would not be sitting here. I would not

457
00:28:45.480 --> 00:28:49.160
<v Speaker 12>be sitting here if I had a trillion dollar pay package. Look,

458
00:28:49.240 --> 00:28:52.000
<v Speaker 12>most believe that this is going to be approved. Remember

459
00:28:52.000 --> 00:28:54.960
<v Speaker 12>Elon Musk himself, who has fifteen percent of the shares

460
00:28:55.000 --> 00:28:57.599
<v Speaker 12>of Tesla, he can vote as part of this. This

461
00:28:57.680 --> 00:29:01.039
<v Speaker 12>is not where he's restricted from voting his shares, So

462
00:29:01.079 --> 00:29:03.480
<v Speaker 12>he's going to obviously vote. And when we'll talk about

463
00:29:03.519 --> 00:29:05.359
<v Speaker 12>who's FOI and against this in just a little bit.

464
00:29:05.640 --> 00:29:08.319
<v Speaker 12>The pay package itself, keep in mind it is worth

465
00:29:08.440 --> 00:29:11.519
<v Speaker 12>up to eight hundred and seventy eight billion dollars. But

466
00:29:11.680 --> 00:29:15.559
<v Speaker 12>much like the previous package that was ultimately rejected by

467
00:29:15.559 --> 00:29:20.000
<v Speaker 12>a Chanceley court in Delaware, it's got very trunches in there.

468
00:29:20.240 --> 00:29:24.839
<v Speaker 12>It raises Elon Musk's potential stake to above twenty five percent,

469
00:29:25.039 --> 00:29:28.920
<v Speaker 12>and those performance metrics. Those trunches, they must be met

470
00:29:29.000 --> 00:29:32.440
<v Speaker 12>As they are met it unlocks more shares for Elon

471
00:29:32.559 --> 00:29:35.240
<v Speaker 12>Musk and obviously more pay. So what are some of

472
00:29:35.240 --> 00:29:37.400
<v Speaker 12>those metrics. We're not going to go through all of them,

473
00:29:37.559 --> 00:29:39.279
<v Speaker 12>we'd be here for a while, but some of them

474
00:29:39.279 --> 00:29:42.640
<v Speaker 12>are great. Key ones deliver twenty million Teslas. Look, they've

475
00:29:42.640 --> 00:29:45.480
<v Speaker 12>already delivered more than eight million. Most believe this is

476
00:29:45.480 --> 00:29:49.440
<v Speaker 12>the easiest of the metrics to hit. Deploy one million robotaxies,

477
00:29:49.480 --> 00:29:53.559
<v Speaker 12>have them in service, and deploy one million humanoid robots.

478
00:29:54.200 --> 00:29:56.440
<v Speaker 12>So who likes this and who doesn't like this? Well,

479
00:29:56.519 --> 00:29:59.759
<v Speaker 12>Elon himself obviously, and those who have been rock solid

480
00:30:00.119 --> 00:30:04.319
<v Speaker 12>porters of his whether it's arc invests, bearing capital, you know,

481
00:30:04.359 --> 00:30:07.000
<v Speaker 12>the usual players. They are the ones who have said,

482
00:30:07.160 --> 00:30:10.200
<v Speaker 12>give the man this pay deal, because if he hits

483
00:30:10.240 --> 00:30:11.480
<v Speaker 12>these metrics.

484
00:30:11.319 --> 00:30:12.000
<v Speaker 2>We all win.

485
00:30:12.359 --> 00:30:14.000
<v Speaker 12>On the other side, you've got a number of the

486
00:30:14.079 --> 00:30:17.480
<v Speaker 12>retirement and pension funds who are saying there's not enough

487
00:30:17.839 --> 00:30:20.160
<v Speaker 12>in here to hold his feet to the fire on

488
00:30:20.240 --> 00:30:23.559
<v Speaker 12>things like not getting political or spending x amount of

489
00:30:23.559 --> 00:30:26.519
<v Speaker 12>time working on Tesla projects. As you take a look

490
00:30:26.559 --> 00:30:29.319
<v Speaker 12>at shares of Tesla, I'm going back to January twenty third,

491
00:30:29.599 --> 00:30:34.079
<v Speaker 12>twenty eighteen. Remember that. I remember that day, guys. That's

492
00:30:34.119 --> 00:30:37.519
<v Speaker 12>when the previous pay package was announced. And at that time,

493
00:30:37.880 --> 00:30:39.960
<v Speaker 12>there were a ton of people. There were a ton

494
00:30:40.000 --> 00:30:42.200
<v Speaker 12>of people who said, yeah, he might hit a few

495
00:30:42.240 --> 00:30:44.839
<v Speaker 12>of these, There's no way he hits them all. Guess

496
00:30:44.839 --> 00:30:47.119
<v Speaker 12>what he hit them all. This is what shares have

497
00:30:47.160 --> 00:30:49.720
<v Speaker 12>done since that pay package. And we know everything that

498
00:30:49.799 --> 00:30:52.920
<v Speaker 12>took place following the award of that pay package. I

499
00:30:52.960 --> 00:30:56.079
<v Speaker 12>was held up, ultimately shot down in court and delaware

500
00:30:56.799 --> 00:30:59.519
<v Speaker 12>that process is still playing out in terms of whether

501
00:30:59.519 --> 00:31:02.039
<v Speaker 12>Elon lets get some of that money. We should get

502
00:31:02.039 --> 00:31:06.599
<v Speaker 12>the results, guys, shortly after the shareholder meeting starts at

503
00:31:06.640 --> 00:31:07.839
<v Speaker 12>four pm this afternoon.

504
00:31:09.200 --> 00:31:13.160
<v Speaker 1>Yeah, to go back to twenty eighteen, when he got

505
00:31:13.160 --> 00:31:16.079
<v Speaker 1>his previous pay package, which like Phil was talking about,

506
00:31:16.599 --> 00:31:18.759
<v Speaker 1>the court said, no, you can't have it, even though

507
00:31:18.759 --> 00:31:22.200
<v Speaker 1>that was agreed to upfront. If I achieve X and

508
00:31:22.519 --> 00:31:27.160
<v Speaker 1>Y and Z, you'll give me this big pile of money.

509
00:31:27.599 --> 00:31:31.400
<v Speaker 1>And I think it was a billion dollars and they said, sure,

510
00:31:32.039 --> 00:31:34.640
<v Speaker 1>you'll never achieve it. And he did achieve it, and

511
00:31:34.680 --> 00:31:37.279
<v Speaker 1>then they reneged on him. The court said, you can't

512
00:31:37.319 --> 00:31:42.039
<v Speaker 1>have but that's too much money, which who's it? Who's

513
00:31:42.079 --> 00:31:44.599
<v Speaker 1>the court to decide? They don't have any skin in

514
00:31:44.640 --> 00:31:49.039
<v Speaker 1>the game. Anyway, The stock since that twenty eighteen pay

515
00:31:49.119 --> 00:31:54.160
<v Speaker 1>package has gone up one thousand, eight hundred and eighty percent.

516
00:31:54.640 --> 00:31:59.599
<v Speaker 1>There have been many millionaires made by owning Tesla stock

517
00:31:59.599 --> 00:32:03.519
<v Speaker 1>from twoenty eighteen. So now the bar has been raised

518
00:32:03.960 --> 00:32:09.119
<v Speaker 1>up to a trillion dollar pay package. And again he's

519
00:32:09.160 --> 00:32:12.240
<v Speaker 1>got to produce twenty million Tesla's one million robo tax

520
00:32:12.279 --> 00:32:16.039
<v Speaker 1>season one million robots, and he thinks he can do it.

521
00:32:19.039 --> 00:32:22.240
<v Speaker 1>That will make again a bunch of new millionaires. So

522
00:32:23.359 --> 00:32:27.759
<v Speaker 1>and speaking of people in their jobs, we're supposed to

523
00:32:27.839 --> 00:32:31.519
<v Speaker 1>have the jobs report out tomorrow. That's not going to

524
00:32:31.599 --> 00:32:34.440
<v Speaker 1>happen because the gut first Friday of the month, because

525
00:32:34.440 --> 00:32:38.599
<v Speaker 1>the government obviously isn't producing these things. But we did

526
00:32:38.680 --> 00:32:42.720
<v Speaker 1>get some information from Austin Goulsby, who's the president of

527
00:32:42.759 --> 00:32:47.440
<v Speaker 1>the Chicago Federal Reserve Bank. This is what he had

528
00:32:47.480 --> 00:32:47.759
<v Speaker 1>to say.

529
00:32:47.839 --> 00:32:49.559
<v Speaker 2>I'm gonna save us some time this weekend.

530
00:32:49.599 --> 00:32:52.640
<v Speaker 13>You just moved the Chicago Fed labor market indicators right

531
00:32:52.680 --> 00:32:54.160
<v Speaker 13>to the top. You look at it, and you just

532
00:32:54.200 --> 00:32:59.400
<v Speaker 13>saved yourself thirty minutes. We can we have only the

533
00:32:59.440 --> 00:33:04.200
<v Speaker 13>private set information when the government is shut down. That said,

534
00:33:04.960 --> 00:33:09.000
<v Speaker 13>when we put together these labor market indicators, it wasn't

535
00:33:09.079 --> 00:33:12.160
<v Speaker 13>because of the government shutdown, it was because we wanted

536
00:33:12.240 --> 00:33:16.119
<v Speaker 13>more real time information, and so we supplement by eleven

537
00:33:16.160 --> 00:33:21.559
<v Speaker 13>different sources. And to me, most of the labor market

538
00:33:21.599 --> 00:33:25.599
<v Speaker 13>indicators that we're getting show a lot of stability in

539
00:33:25.640 --> 00:33:29.079
<v Speaker 13>the market. And when we were getting the government data,

540
00:33:29.119 --> 00:33:32.039
<v Speaker 13>they showed a lot of stability. The one number that

541
00:33:32.359 --> 00:33:37.119
<v Speaker 13>was not showing stability that showed pretty substantial deterioration.

542
00:33:36.960 --> 00:33:39.240
<v Speaker 2>Was total payroll job creation.

543
00:33:39.799 --> 00:33:42.519
<v Speaker 13>But there's a question mark on that that we should

544
00:33:42.519 --> 00:33:47.319
<v Speaker 13>be a little careful over indexing on payroll job numbers

545
00:33:47.720 --> 00:33:51.519
<v Speaker 13>as an indicator of the business cycle. When immigration there's

546
00:33:51.519 --> 00:33:54.519
<v Speaker 13>a huge question mark, and you don't know what's happening

547
00:33:54.519 --> 00:33:59.640
<v Speaker 13>to population growth. So I still think there's mild cooling.

548
00:34:00.079 --> 00:34:03.960
<v Speaker 13>But this labor market indicator reading that we that we

549
00:34:04.160 --> 00:34:07.160
<v Speaker 13>put out from the Chicago Fed that shows the unemployment

550
00:34:07.240 --> 00:34:11.280
<v Speaker 13>rate is basically unchanged except for a tiny increase that

551
00:34:11.400 --> 00:34:14.079
<v Speaker 13>came from the workers who are not working because the

552
00:34:14.079 --> 00:34:18.079
<v Speaker 13>governments shut down. And at that the hiring rate shows

553
00:34:18.119 --> 00:34:21.239
<v Speaker 13>a lot of stability, and the layoff and vacancy rate

554
00:34:21.360 --> 00:34:24.639
<v Speaker 13>also shows a lot of stability. That's what it feels

555
00:34:24.679 --> 00:34:26.400
<v Speaker 13>like on the labor side so far.

556
00:34:26.440 --> 00:34:28.400
<v Speaker 1>To me, it seems to be the kind of reporting

557
00:34:28.400 --> 00:34:30.760
<v Speaker 1>we're getting from all over the place, not only Chicago,

558
00:34:31.320 --> 00:34:36.400
<v Speaker 1>is that hiring has slowed, Firing has slowed. Companies are

559
00:34:36.440 --> 00:34:40.159
<v Speaker 1>just hanging on to whatever they have for employer employees

560
00:34:40.239 --> 00:34:43.760
<v Speaker 1>at this moment. That the unemployment rate is probably somewhere

561
00:34:44.360 --> 00:34:48.159
<v Speaker 1>a little bit higher than where it was before, so

562
00:34:48.400 --> 00:34:55.000
<v Speaker 1>four point three somewhere around in there. And we'll have

563
00:34:55.039 --> 00:34:56.719
<v Speaker 1>to wait for the government to get back to work

564
00:34:56.719 --> 00:34:59.719
<v Speaker 1>to find out what what the government numbers are. One

565
00:34:59.760 --> 00:35:04.840
<v Speaker 1>more item today before we get to Wall Street. There

566
00:35:04.960 --> 00:35:07.960
<v Speaker 1>was a big meeting in the White House today President

567
00:35:08.000 --> 00:35:10.320
<v Speaker 1>Trump in the Oval Office with a lot of the

568
00:35:10.360 --> 00:35:16.159
<v Speaker 1>Health and Humans Health Well people, from Secretary Robert F.

569
00:35:16.280 --> 00:35:19.920
<v Speaker 1>Kennedy Junior, the doctor oz To, I mean, all the

570
00:35:20.119 --> 00:35:26.119
<v Speaker 1>doctor mcterry. They had the makers of ozembic and mcgovi

571
00:35:27.159 --> 00:35:31.320
<v Speaker 1>in the office and they have cut a deal where

572
00:35:31.920 --> 00:35:36.480
<v Speaker 1>those products normally go for something like fifteen hundred dollars

573
00:35:37.119 --> 00:35:41.480
<v Speaker 1>are going to be sold now for two hundred and

574
00:35:41.519 --> 00:35:44.719
<v Speaker 1>forty five dollars a month for the weight low structs

575
00:35:44.760 --> 00:35:48.599
<v Speaker 1>and it's more than just weight loss. It's apparently medicine

576
00:35:48.599 --> 00:35:51.960
<v Speaker 1>has found out that it is helping so many other

577
00:35:52.239 --> 00:35:59.960
<v Speaker 1>parts of our health, your brain, your kidneys. It's amazing

578
00:36:00.119 --> 00:36:03.800
<v Speaker 1>what they have found out. Doctor Mark Siegel reacted to

579
00:36:03.840 --> 00:36:05.840
<v Speaker 1>the news of this is going to be a much

580
00:36:05.920 --> 00:36:10.000
<v Speaker 1>cheaper drug. Not cheap, but much cheaper than what it was.

581
00:36:10.719 --> 00:36:11.760
<v Speaker 4>It's going to be huge.

582
00:36:11.840 --> 00:36:14.920
<v Speaker 14>We're talking about six about six to ten percent of

583
00:36:14.960 --> 00:36:18.159
<v Speaker 14>Americans already on them. It's going to go double triple that.

584
00:36:18.639 --> 00:36:20.920
<v Speaker 14>We're talking about drugs that if you can't get them

585
00:36:21.000 --> 00:36:24.320
<v Speaker 14>via your insurance, it's twelve hundred dollars a month. Now

586
00:36:24.400 --> 00:36:28.280
<v Speaker 14>Lily and Nova Nordisk have made it available directly from

587
00:36:28.320 --> 00:36:30.760
<v Speaker 14>them for about five hundred dollars a month. But what

588
00:36:30.840 --> 00:36:33.960
<v Speaker 14>Trump is negotiated now, it's going to be two hundred

589
00:36:34.000 --> 00:36:36.559
<v Speaker 14>and forty five dollars a month. And the one indication

590
00:36:36.719 --> 00:36:39.639
<v Speaker 14>you did leave out was the heart mem Andaz pointed

591
00:36:39.679 --> 00:36:41.639
<v Speaker 14>that out. I'm a heart doctor, he said, He's one

592
00:36:41.639 --> 00:36:44.920
<v Speaker 14>of the top cardiovasculo surgeons in history. By the way,

593
00:36:45.159 --> 00:36:49.199
<v Speaker 14>But the heart, it lowers blood pressure, It directly affects

594
00:36:49.199 --> 00:36:50.239
<v Speaker 14>the cornerie arteries.

595
00:36:50.280 --> 00:36:52.280
<v Speaker 4>It looks like and it lowers cholesterol.

596
00:36:52.639 --> 00:36:55.039
<v Speaker 14>These are amazing drugs and it looks like it may

597
00:36:55.079 --> 00:36:56.480
<v Speaker 14>even have an impact on aging.

598
00:36:56.519 --> 00:36:56.719
<v Speaker 10>Now.

599
00:36:56.719 --> 00:36:59.440
<v Speaker 14>He also pointed out OZ did and I'm going to

600
00:36:59.480 --> 00:37:02.639
<v Speaker 14>be talking them tomorrow about this. That does have side effects.

601
00:37:02.639 --> 00:37:05.119
<v Speaker 14>I mean, we don't know totally about the side effects

602
00:37:05.119 --> 00:37:07.639
<v Speaker 14>on the eyes. We're looking at that. There's issues with

603
00:37:07.679 --> 00:37:10.159
<v Speaker 14>the thyroid. Not everybody can tolerated in the gas to

604
00:37:10.239 --> 00:37:13.800
<v Speaker 14>intestinal track. Some people with reflux can't tolerate it. But

605
00:37:13.920 --> 00:37:17.320
<v Speaker 14>your point about addiction is because it delays gastric emptying,

606
00:37:17.559 --> 00:37:19.559
<v Speaker 14>so if you have one glass of wine, it may

607
00:37:19.639 --> 00:37:20.679
<v Speaker 14>feel like three.

608
00:37:20.960 --> 00:37:22.920
<v Speaker 4>This is huge, This is a huge step.

609
00:37:22.960 --> 00:37:24.639
<v Speaker 14>Now, one other point I want to make it's going

610
00:37:24.679 --> 00:37:29.719
<v Speaker 14>to be covered for Medicaid and Medicare and paying out

611
00:37:29.719 --> 00:37:30.239
<v Speaker 14>a pocket.

612
00:37:30.280 --> 00:37:33.039
<v Speaker 4>Medicare is not yet covering for obesity.

613
00:37:33.320 --> 00:37:36.360
<v Speaker 14>That's a huge point, and I would predict that Center

614
00:37:36.400 --> 00:37:39.199
<v Speaker 14>for Medicare Medicaid Services is going to fix that and

615
00:37:39.239 --> 00:37:41.199
<v Speaker 14>make it so it's covered for obesity.

616
00:37:41.519 --> 00:37:45.119
<v Speaker 4>And that has to still happen. One final point is.

617
00:37:45.079 --> 00:37:49.480
<v Speaker 14>That generally speaking, the private insurers follow suit with what

618
00:37:49.559 --> 00:37:52.639
<v Speaker 14>Medicare does. So if you see this happening now, I

619
00:37:52.760 --> 00:37:54.880
<v Speaker 14>predict you're going to be able to get this through

620
00:37:54.880 --> 00:37:57.400
<v Speaker 14>your insurance a heck of a lot easier than if

621
00:37:57.400 --> 00:37:59.960
<v Speaker 14>you come to me right now. The pills are common,

622
00:38:00.719 --> 00:38:04.199
<v Speaker 14>and not everyone can tolerate shots. It's actually a pretty

623
00:38:04.239 --> 00:38:06.519
<v Speaker 14>easy shot to give to yourself. But the pills are coming,

624
00:38:06.559 --> 00:38:08.840
<v Speaker 14>and they're going to come in at even low amount

625
00:38:08.960 --> 00:38:11.559
<v Speaker 14>we're talking about. That's the group that eats ultra processed

626
00:38:11.559 --> 00:38:14.159
<v Speaker 14>foods the most because that's all they can afford. So

627
00:38:14.199 --> 00:38:17.400
<v Speaker 14>this ties together with a MAHA movement. Other thing I

628
00:38:17.400 --> 00:38:20.960
<v Speaker 14>would add is the elderly. That's the Medicare group. Guess what,

629
00:38:21.440 --> 00:38:23.760
<v Speaker 14>if you have an obesity problem, you're in to see

630
00:38:23.840 --> 00:38:26.400
<v Speaker 14>me even more often because all the other things you

631
00:38:26.480 --> 00:38:29.920
<v Speaker 14>get from having obesity, like diabetes, like high blood pressure,

632
00:38:29.960 --> 00:38:32.519
<v Speaker 14>like heart disease, like risk for cancer. I got to

633
00:38:32.519 --> 00:38:36.280
<v Speaker 14>be ultra on the lookout for if you have obesity.

634
00:38:36.400 --> 00:38:38.519
<v Speaker 4>So this is a huge, huge.

635
00:38:38.239 --> 00:38:41.679
<v Speaker 14>Gain for the healthcare system and will save billions of dollars.

636
00:38:41.760 --> 00:38:42.519
<v Speaker 4>There's no question.

637
00:38:43.440 --> 00:38:46.920
<v Speaker 1>Yeah, every doctor that I've talked to about this or

638
00:38:47.000 --> 00:38:50.840
<v Speaker 1>listened to are pretty well pumped about what's going on

639
00:38:50.960 --> 00:38:54.000
<v Speaker 1>with these weight loss drugs. They're much much, much more

640
00:38:54.039 --> 00:38:57.800
<v Speaker 1>than just weight loss Wall Street. You don't want to

641
00:38:57.840 --> 00:39:01.880
<v Speaker 1>talk about that today, do you? It was? It was

642
00:39:01.920 --> 00:39:04.159
<v Speaker 1>to sell off. Look at the market is taking a

643
00:39:04.159 --> 00:39:08.400
<v Speaker 1>lot of the stocks that ramped up and turning them

644
00:39:08.440 --> 00:39:12.239
<v Speaker 1>around into selling them off. A lot of the tech

645
00:39:12.280 --> 00:39:15.920
<v Speaker 1>stocks and so forth went down pretty sharply. Today. The

646
00:39:16.039 --> 00:39:20.320
<v Speaker 1>Dow was down three hundred ninety eight to forty six

647
00:39:20.440 --> 00:39:23.199
<v Speaker 1>thy nine to twelve. It had been down over five hundred,

648
00:39:23.239 --> 00:39:26.159
<v Speaker 1>so down three ninety eight at the close. SMP down

649
00:39:26.199 --> 00:39:29.480
<v Speaker 1>seventy five NASDAK. A lot of the tech stocks are

650
00:39:29.519 --> 00:39:33.159
<v Speaker 1>there four hundred, a loss of four hundred and forty

651
00:39:33.199 --> 00:39:36.880
<v Speaker 1>five points. The price of gold down five dollars to

652
00:39:37.000 --> 00:39:40.800
<v Speaker 1>thirty nine eighty eight, and oil down just a few

653
00:39:40.840 --> 00:39:44.840
<v Speaker 1>pennies down to fifty nine dollars for a barrel of oil.

654
00:39:45.599 --> 00:39:49.000
<v Speaker 1>That's it for today. Thank you for coming by. We

655
00:39:49.039 --> 00:39:51.360
<v Speaker 1>will be back tomorrow. We hope you are too. See

656
00:39:51.400 --> 00:39:51.559
<v Speaker 1>you that
