1 00:00:24,120 --> 00:00:27,480 Speaker 1: And hello, how are you welcome to the Big Podcast 2 00:00:27,559 --> 00:00:31,800 on this Wednesday. Today is the eleventh day of March, 3 00:00:32,960 --> 00:00:35,679 year of all our twenty twenty six. My name is 4 00:00:35,759 --> 00:00:41,600 Tom Sullivan. And well, as we continue on, obviously it's 5 00:00:41,719 --> 00:00:46,960 day eleven of the war, and there's getting there's some 6 00:00:47,039 --> 00:00:50,359 interesting observations about what's going on with that, about whether 7 00:00:50,439 --> 00:00:54,079 or not we're ready to wrap this up and move 8 00:00:54,119 --> 00:00:57,679 on to something else because there's political pain, or whether 9 00:00:57,759 --> 00:01:02,560 we are going to stick with the program, which most 10 00:01:02,600 --> 00:01:05,439 of the military people have said will take three to 11 00:01:05,519 --> 00:01:08,799 five weeks before we get most of everything that we 12 00:01:08,840 --> 00:01:10,840 want to get done done. So they're not done yet, 13 00:01:11,560 --> 00:01:16,319 but the president is getting antsy. We also have oil. 14 00:01:16,480 --> 00:01:19,079 Yesterday we spent a lot of time on the oil markets, 15 00:01:19,319 --> 00:01:23,640 and we'll give a little more information about that today. 16 00:01:23,719 --> 00:01:27,239 But the markets, as far as the stock market concerned, 17 00:01:27,280 --> 00:01:30,120 down two to three hundred points most of the trading 18 00:01:30,200 --> 00:01:37,000 session today. Oil prices have remained somewhat stable, so things 19 00:01:37,040 --> 00:01:42,680 have kind of settled down there. On the economy, we 20 00:01:42,840 --> 00:01:48,000 got the consumer Price Index out today, which is usually 21 00:01:48,040 --> 00:01:52,560 a very big deal. This is inflation for last month, 22 00:01:52,840 --> 00:01:59,200 and the CPI consumer price index went up two point 23 00:01:59,359 --> 00:02:04,159 four percent, which is about what was expected, and it's 24 00:02:04,200 --> 00:02:08,919 pretty decent. It's remember this is February, so this is 25 00:02:09,159 --> 00:02:13,479 prior to the war breaking out with Iran, so that 26 00:02:13,680 --> 00:02:17,199 changes everything. So this is very stale, but we'll market 27 00:02:17,240 --> 00:02:19,919 in the books two point four percent the car ray 28 00:02:20,000 --> 00:02:23,800 you take out food and energy. How about everything else 29 00:02:23,840 --> 00:02:26,599 that you buy out there went up two point five percent, 30 00:02:27,319 --> 00:02:32,960 so that's not bad. Again, all that is going to 31 00:02:33,039 --> 00:02:35,039 change when we get a report for the month of March, 32 00:02:35,639 --> 00:02:39,759 primarily because of the price of oil and gas and 33 00:02:39,879 --> 00:02:42,080 all of that. As far looking down the list, we 34 00:02:42,159 --> 00:02:44,159 pull the list up here and look down the list 35 00:02:44,199 --> 00:02:47,599 for what went up and what went down because the 36 00:02:47,639 --> 00:02:56,199 big gain eleven percent increase was gas serve utility gas service, 37 00:02:56,599 --> 00:03:00,000 so if you get gas at your home, that's way up. 38 00:03:00,120 --> 00:03:04,680 Let's see, yeah, energy services up six m We look 39 00:03:04,719 --> 00:03:08,280 down the list here, what else is medical services up 40 00:03:08,360 --> 00:03:14,560 four percent? And what came down? Well, gasoline did? Gasoline 41 00:03:14,639 --> 00:03:18,039 came down better than five and a half percent, so 42 00:03:18,120 --> 00:03:22,719 we're seeing some Well that was again, that was February, 43 00:03:22,840 --> 00:03:26,120 so it's not where the FED wants it to be. 44 00:03:26,199 --> 00:03:30,080 But and the FED is meeting next Tuesday and Wednesday, 45 00:03:30,719 --> 00:03:33,240 and I would suspect with this kind of report, and 46 00:03:33,439 --> 00:03:36,439 with the war underway, I think they're going to sit 47 00:03:36,520 --> 00:03:38,000 on their hands. I don't think they're going to do 48 00:03:38,080 --> 00:03:40,639 anything when it comes to interest rates. We also got 49 00:03:40,680 --> 00:03:44,199 a little side note that I thought was interesting. Apparently 50 00:03:44,240 --> 00:03:48,719 they're early filers, people that have already sent in their 51 00:03:48,719 --> 00:03:53,319 tax returns for twenty twenty five. The IRS says that 52 00:03:53,360 --> 00:03:58,840 the refunds are running about eleven percent of where they 53 00:03:58,840 --> 00:04:00,800 were same time last year year. And a lot of 54 00:04:00,800 --> 00:04:06,800 this goes back to what the Trump administration has been advertising, 55 00:04:06,879 --> 00:04:09,800 which is with the big beautiful Bill, by the time 56 00:04:09,919 --> 00:04:13,719 people fill out your tax returns, you're going to find 57 00:04:13,800 --> 00:04:16,360 out that you're going to have a bigger refund this 58 00:04:16,439 --> 00:04:19,759 year than you have on average in the past. So 59 00:04:21,279 --> 00:04:25,680 refunds running eleven percent ahead of last year, and they're 60 00:04:25,839 --> 00:04:29,000 they're crossing their fingers and hoping that that continues, and therefore, 61 00:04:29,800 --> 00:04:34,079 with more money in people's pockets, the increase in gas 62 00:04:34,160 --> 00:04:38,920 prices won't be that much of terrible effect on people's 63 00:04:39,120 --> 00:04:42,079 personal income. That's the hope. Anyway, too soon to tell. 64 00:04:43,000 --> 00:04:48,639 So let's get into the war. Day eleven. We've got 65 00:04:48,839 --> 00:04:52,399 the President was leaving the White House today and stopped 66 00:04:52,439 --> 00:04:55,240 to talk to some reporters he was going to He's 67 00:04:55,360 --> 00:05:00,120 giving the speech this afternoon in Kentucky, right right on 68 00:05:00,160 --> 00:05:06,399 the Kentucky Ohio border Cincinnati area, and he basically says 69 00:05:06,439 --> 00:05:09,240 the war will be over one. He declares, the war over. 70 00:05:10,639 --> 00:05:13,560 Speaker 2: Park Board. You need to do militarily for this operation 71 00:05:13,680 --> 00:05:14,360 to add. 72 00:05:14,279 --> 00:05:17,800 Speaker 3: More the same, and we'll see how that all comes out. 73 00:05:18,399 --> 00:05:22,279 Right now, they are they've lost their navy, they've lost 74 00:05:22,360 --> 00:05:27,600 their air force, they have no anti aircraft apparatus at all, 75 00:05:28,240 --> 00:05:34,160 they have no radar. Their leaders are gone, and we 76 00:05:34,160 --> 00:05:38,439 could do a lot worse. We're leaving certain things that 77 00:05:38,519 --> 00:05:40,120 if we take him out, or we could take him 78 00:05:40,160 --> 00:05:44,800 out by this afternoon, in fact within an hour, they 79 00:05:44,879 --> 00:05:47,360 literally would never be able to build that country back. 80 00:05:47,959 --> 00:05:52,439 Speaker 1: That's very Trumpian of Donald Trump. You know, he's optimistic 81 00:05:52,519 --> 00:05:57,120 about everything. But the leaders are not gone. And by 82 00:05:57,160 --> 00:06:01,879 the way, the new Ayatola, the new leader, we haven't 83 00:06:01,920 --> 00:06:06,160 heard from him, not a peep, not a photo, nothing, 84 00:06:06,279 --> 00:06:09,920 not even a statement from his office. So people are 85 00:06:09,959 --> 00:06:13,600 starting to wonder what happened to him. The semi official 86 00:06:13,680 --> 00:06:17,240 word is that he was injured in the attack. That 87 00:06:17,360 --> 00:06:20,399 killed his father and a bunch of other running leaders 88 00:06:20,399 --> 00:06:24,480 in the first day of this war, but that his 89 00:06:24,519 --> 00:06:28,639 foot was fractured and he had some facial lacerations. That's 90 00:06:29,680 --> 00:06:34,639 that's what they're saying. But if you just have a 91 00:06:34,680 --> 00:06:37,279 broken foot and a few cuts on your face, you're 92 00:06:37,319 --> 00:06:40,439 still going to meet go before the people, go before 93 00:06:40,480 --> 00:06:43,240 the cameras. So there's something up there. We don't know 94 00:06:43,240 --> 00:06:45,920 what it is. Mike Pompeo kind of addresses that as well. 95 00:06:45,959 --> 00:06:48,920 We'll play that for you. But the other part behind 96 00:06:48,959 --> 00:06:52,560 this is is that he's talking about something that he 97 00:06:52,600 --> 00:06:56,120 could do within an hour and it would ruin Ron forever. 98 00:06:56,959 --> 00:07:02,160 What he's talking about is in the Persian Gulf north 99 00:07:02,199 --> 00:07:04,920 of the Strait of Hormuz. If you get through the 100 00:07:04,920 --> 00:07:07,040 Strait of Hormus and you go north, you go up. 101 00:07:07,279 --> 00:07:11,079 The ships go up to a place where a lot 102 00:07:11,160 --> 00:07:14,959 of them load up their oil and it's a huge 103 00:07:15,279 --> 00:07:20,439 loading facility and pipes that come in from all over 104 00:07:20,519 --> 00:07:24,879 to the place in Iran. If you were to destroy that, 105 00:07:25,120 --> 00:07:30,079 you would put Iran's business out of business for a 106 00:07:30,199 --> 00:07:32,759 very long period of time. I think that's what the 107 00:07:32,800 --> 00:07:35,160 president was talking about. By the way, a number of ships. 108 00:07:36,360 --> 00:07:42,079 Three hundred there's the estimate. Three hundred ships are waiting 109 00:07:42,240 --> 00:07:45,360 outside the Strait of Hormus, And there was a lot 110 00:07:45,399 --> 00:07:48,279 of discussion about the Strait of hor moves today and 111 00:07:48,399 --> 00:07:53,600 the President is encouraging the ship owners to go ahead 112 00:07:53,639 --> 00:07:56,959 and sail through, and he's talking about he's mentioned a 113 00:07:57,000 --> 00:07:59,600 couple of times that our navy can maybe escort them, 114 00:07:59,680 --> 00:08:04,839 maybe maybe, while General Pain isn't so sure. 115 00:08:05,439 --> 00:08:07,879 Speaker 4: We'll look at the range of options to set the 116 00:08:07,959 --> 00:08:11,399 military conditions to be able to do that, and then, 117 00:08:11,720 --> 00:08:15,120 like we always do with every potential mission, come to 118 00:08:15,160 --> 00:08:17,720 the Secretary of the President with both what are the 119 00:08:17,759 --> 00:08:20,959 resources required, what is the command and control required, and 120 00:08:21,000 --> 00:08:23,639 what are the risks and how do we mitigate those risks? 121 00:08:23,920 --> 00:08:27,680 Speaker 1: And the risks are big because even though yes, the 122 00:08:27,720 --> 00:08:32,440 President's right, a lot of the Iran's abilities to strike 123 00:08:32,519 --> 00:08:36,879 militarily have been diminished to have take have been destroyed, 124 00:08:37,279 --> 00:08:41,080 but they still are firing missiles and they're still firing 125 00:08:41,399 --> 00:08:45,320 their drones and they all they got to do is 126 00:08:45,399 --> 00:08:47,960 dial in where the ships are in the Persian Gulf 127 00:08:48,000 --> 00:08:50,879 and attack them. Now we have three of them that 128 00:08:50,960 --> 00:08:54,519 have been hit so far, but the President is still 129 00:08:54,600 --> 00:08:58,159 talking about going in because this is the choke point, 130 00:08:58,200 --> 00:09:00,960 this is what's causing oil price is to go crazy. 131 00:09:01,399 --> 00:09:04,759 And obviously he's keeping a big eye on that oil market. 132 00:09:04,799 --> 00:09:07,559 But this is what he had to say about using 133 00:09:07,559 --> 00:09:08,519 this Strait of Hormos. 134 00:09:08,679 --> 00:09:14,679 Speaker 5: Hey fanta' trasy of various oil companies, encouraging them to 135 00:09:14,840 --> 00:09:15,919 use the straight of Corbier. 136 00:09:16,080 --> 00:09:18,759 Speaker 1: Right, they should, I think they should. I think they 137 00:09:18,759 --> 00:09:19,720 should do they? 138 00:09:19,799 --> 00:09:22,960 Speaker 3: Look, we took out just about all of their mind 139 00:09:23,000 --> 00:09:27,480 shifts in one night. We're up to folk number sixty. 140 00:09:27,519 --> 00:09:30,279 I didn't realize that that big a navy. He mentioned 141 00:09:30,480 --> 00:09:34,840 the mind shift. There are ships and not shouldn't say ships. 142 00:09:34,840 --> 00:09:35,360 There are ships. 143 00:09:35,480 --> 00:09:41,600 Speaker 1: There's also little tiny speedboats that are laying mines apparently 144 00:09:42,039 --> 00:09:45,320 in the Persian Gulf and the Strait of Hormuz. And 145 00:09:45,399 --> 00:09:48,519 so Donald Trump, who is always a big risk taker, yeah, 146 00:09:48,600 --> 00:09:52,480 go ahead use it. But right now there's most of 147 00:09:52,519 --> 00:09:54,919 the ship owners are going no way and try and 148 00:09:54,960 --> 00:09:58,799 get cruise on these ships. So everything is still plugged 149 00:09:59,120 --> 00:10:01,320 when it comes to the straight forwards. They tried, but 150 00:10:01,759 --> 00:10:05,240 three ships tried and three ships got struck. So now 151 00:10:05,679 --> 00:10:09,360 the Washington Press Corps is circling the White House and going. 152 00:10:10,240 --> 00:10:13,039 Donald Trump is looking like he wants to get out 153 00:10:13,120 --> 00:10:16,320 of this. He's looking at the markets, he's looking at 154 00:10:16,360 --> 00:10:20,200 the price he's looking he's looking at the political pain 155 00:10:20,519 --> 00:10:24,919 that the Republicans and will suffer if this continues much longer. 156 00:10:25,399 --> 00:10:28,639 Yet the military keeps talking about three to five more weeks. 157 00:10:29,000 --> 00:10:31,679 So Josh Dawsey, who rights for the Wall Street Journal, 158 00:10:31,799 --> 00:10:33,559 said this, behind the scenes, he. 159 00:10:33,519 --> 00:10:35,559 Speaker 6: Doesn't have an appetite for a long term war, at 160 00:10:35,639 --> 00:10:37,960 least according to my sources that I've talked to. He's 161 00:10:38,000 --> 00:10:40,879 looking for ways to sort of message we've done this, 162 00:10:41,039 --> 00:10:42,879 we've done that, now it's time to leave. 163 00:10:43,039 --> 00:10:43,240 Speaker 2: Right. 164 00:10:43,519 --> 00:10:45,799 Speaker 6: The question has that may have said, how much of 165 00:10:45,840 --> 00:10:46,879 that can he control? 166 00:10:47,000 --> 00:10:47,159 Speaker 1: Right? 167 00:10:47,240 --> 00:10:49,639 Speaker 6: If he says we're out of here, and then let's 168 00:10:49,639 --> 00:10:52,279 say the Iranians keep attacking with the missiles of a Dronta, 169 00:10:52,399 --> 00:10:55,120 they have left what as a president too? And the 170 00:10:55,120 --> 00:10:57,200 president has a lot of power. He's obviously, you know, 171 00:10:57,519 --> 00:10:59,039 and a lot of ways, the most powerful figure in 172 00:10:59,080 --> 00:11:01,759 the world. But he can control everything, right, and some 173 00:11:01,799 --> 00:11:05,000 of these things are beyond his control. But he wants 174 00:11:05,039 --> 00:11:07,440 to get out at some point. If he watches the 175 00:11:07,480 --> 00:11:10,240 markets closely, you see when he makes comments when he 176 00:11:10,279 --> 00:11:12,679 wants the markets to sort of to go back up. 177 00:11:12,720 --> 00:11:15,440 He watches the markets closely, He watches all prices closely. 178 00:11:16,360 --> 00:11:19,080 He watches the MAGA supporters closely. I mean, Joe Ogan, 179 00:11:19,120 --> 00:11:21,799 I can quite tell you. President I notices that he's 180 00:11:21,840 --> 00:11:24,279 watching voices, he's watching polling and his part, he's watching 181 00:11:24,320 --> 00:11:27,159 the midterms. And I don't think he has an appetite 182 00:11:27,159 --> 00:11:30,799 for a long term sustained conflict with Iran, at least 183 00:11:30,799 --> 00:11:33,519 according to what I'm told by folks inside the White House. 184 00:11:33,919 --> 00:11:36,759 Speaker 1: Well, long term is all relative. I mean when we 185 00:11:36,799 --> 00:11:39,120 started off, even Haig Seth stood up there the first 186 00:11:39,159 --> 00:11:41,039 day and said it could be three to five weeks, 187 00:11:41,720 --> 00:11:45,320 could be sick, could be seven could He said it's weeks, 188 00:11:45,320 --> 00:11:50,600 not months. But again the President promised. And I think 189 00:11:50,639 --> 00:11:53,399 this is his true nature. He doesn't want long term 190 00:11:53,440 --> 00:11:56,080 for a rewards. So he's looking at this and we're 191 00:11:56,080 --> 00:11:59,519 eleven days into it, and the question is is he 192 00:11:59,639 --> 00:12:04,320 getting antsy? Wall Street Journal, the editorial board wrote a 193 00:12:04,360 --> 00:12:07,919 piece today, the nuclear job in Iran is not finished? 194 00:12:08,279 --> 00:12:12,120 Why lead the regime, the infrastructure and stockpile to try again. 195 00:12:12,159 --> 00:12:16,279 They're basically saying, we're this far into it. Don't stop now, 196 00:12:16,480 --> 00:12:20,480 get the job done. And the other criticism is confusion 197 00:12:20,519 --> 00:12:24,279 about the messages about the presidents talking about well and 198 00:12:24,360 --> 00:12:27,519 yet Defense Secretary Heggseeth is going, look at we're just 199 00:12:27,559 --> 00:12:32,080 getting started here. Doctor sin M b Kill with one 200 00:12:32,120 --> 00:12:35,919 of the big research institutes in London says she's getting 201 00:12:35,919 --> 00:12:36,720 different messages. 202 00:12:37,320 --> 00:12:41,639 Speaker 7: Well, I'm a little perplexed because actually in Israeli government 203 00:12:41,679 --> 00:12:44,480 official also announced today that the war is going to 204 00:12:44,519 --> 00:12:47,679 go on for weeks. So for me, this raises questions 205 00:12:47,720 --> 00:12:51,279 about how aligned the United States and Israel is in 206 00:12:51,279 --> 00:12:55,039 this joint campaign. And certainly the United States and Israel 207 00:12:55,080 --> 00:13:00,639 together have the capability as formidable military powers to keep Iran. 208 00:13:01,799 --> 00:13:04,919 But you know, President Trump hasn't quite made clear what 209 00:13:05,000 --> 00:13:07,240 the off ramp is. Is the off ramp sort of 210 00:13:07,399 --> 00:13:10,960 job done. We've killed the old Supreme Leader, and we've 211 00:13:11,000 --> 00:13:14,200 targeted everything we need to target, so thereby we're done. 212 00:13:14,879 --> 00:13:17,200 Speaker 1: And how does this war really end? 213 00:13:17,279 --> 00:13:20,000 Speaker 7: Because it's important to think about the Islamic Republic here. 214 00:13:21,360 --> 00:13:25,679 They are not going to accept a ceasefire similar to 215 00:13:25,679 --> 00:13:28,519 what we saw last year during the Twelve Day War. 216 00:13:29,320 --> 00:13:31,639 On the twelve, the last day of the Twelve Day War, 217 00:13:32,159 --> 00:13:37,399 the US struck Iran's nuclear facilities, and then Iran responded 218 00:13:37,399 --> 00:13:40,120 by striking a US base in Qatar, and then we 219 00:13:40,120 --> 00:13:45,679 were done. But for Iran that end left the door 220 00:13:45,799 --> 00:13:48,279 open to further strikes. So they're going to be looking 221 00:13:48,320 --> 00:13:51,639 for a guarantee that this doesn't happen again. And so 222 00:13:51,720 --> 00:13:53,960 this ceasefire is going to have to result in something 223 00:13:53,960 --> 00:13:57,759 more meaningful. And here the objectives of the US, Israel, 224 00:13:57,759 --> 00:14:00,840 and Iran all need to be under stood and taken 225 00:14:00,879 --> 00:14:02,000 into account, which. 226 00:14:01,879 --> 00:14:04,879 Speaker 1: Also strikes me as Iran is not going to stop 227 00:14:04,960 --> 00:14:08,279 until everything is just powder dust. They're not going to 228 00:14:08,279 --> 00:14:10,600 finish early. They're not going to say that's good enough. 229 00:14:11,120 --> 00:14:12,879 I think they're going the whole way. One guy who 230 00:14:13,360 --> 00:14:16,240 obviously is very much in favor of going the whole 231 00:14:16,240 --> 00:14:18,039 way is General Jack Teine. 232 00:14:18,600 --> 00:14:20,679 Speaker 8: Well, first of all, I think the strait of a 233 00:14:20,759 --> 00:14:25,000 moose problem gets resolved when we end this war, and 234 00:14:25,080 --> 00:14:27,879 we're three to five weeks from doing that. I think 235 00:14:27,960 --> 00:14:33,159 in the meantime, the fact that the media and the 236 00:14:33,240 --> 00:14:36,559 president's opposition party seems to be in a frenzy over 237 00:14:36,600 --> 00:14:40,200 the fact that oil prices are spiking, and it seems 238 00:14:40,240 --> 00:14:43,200 to me that oil prices spiking should not be the 239 00:14:43,320 --> 00:14:47,840 pacing item for this war. The reality is is that 240 00:14:48,879 --> 00:14:51,519 we're going to end this war on our terms, based 241 00:14:51,519 --> 00:14:55,000 on the conditions and the objectives to be achieved. And 242 00:14:55,039 --> 00:14:56,960 it seems to make some sense to me that if 243 00:14:56,960 --> 00:15:00,039 we have to put up with some oil price, this 244 00:15:00,159 --> 00:15:04,159 is spiking for a few weeks to end this tyrannical regimes, 245 00:15:04,200 --> 00:15:08,879 diabolical influence and control regionally and writ large in the 246 00:15:08,919 --> 00:15:13,879 world and imposing their will and determination and hell that 247 00:15:13,879 --> 00:15:17,919 they've caused you for almost fifty years. It's worth the 248 00:15:17,960 --> 00:15:20,440 cost of doing that. I mean, can't we bear this 249 00:15:20,519 --> 00:15:23,759 little sacrifice for a few weeks while we do this? 250 00:15:24,279 --> 00:15:27,200 I mean, that makes more sense. Let's finish this war 251 00:15:27,320 --> 00:15:30,960 on our terms and get it right, and those prices 252 00:15:31,000 --> 00:15:33,639 will come down now with the strait of a mouse. 253 00:15:34,159 --> 00:15:36,799 There is a problem there. If we start to bring 254 00:15:36,840 --> 00:15:40,720 out warships through right now, the Iranians still have the 255 00:15:40,799 --> 00:15:44,120 capability not just at the coastal area, which we can eliminate, 256 00:15:44,159 --> 00:15:47,600 but hundreds of miles back to range those ships with 257 00:15:47,720 --> 00:15:51,879 precision weapons. And that makes no sense in terms of 258 00:15:51,919 --> 00:15:54,799 the risk when we're going to finish them off entirely 259 00:15:55,320 --> 00:15:58,279 in a few weeks. In the meantime, the commander of 260 00:15:58,320 --> 00:16:01,879 Central Command has got has it as a task, and 261 00:16:01,919 --> 00:16:06,279 he's deliberately working to eliminate the potential of those offensive 262 00:16:06,320 --> 00:16:10,320 weapons interfering with escort operations in the straits of a move. 263 00:16:10,919 --> 00:16:14,480 We're likely not going to begin that task of escorting 264 00:16:14,519 --> 00:16:19,200 tankers through until that threat is removed. But I think 265 00:16:19,240 --> 00:16:22,399 about the same time the war will be ending. In 266 00:16:22,440 --> 00:16:25,720 any event, we're on a pathway here. The President has 267 00:16:25,759 --> 00:16:28,639 talked about it. He has the patience to listen to 268 00:16:28,720 --> 00:16:32,279 his commanders and to listen to the IDF leaders and 269 00:16:32,320 --> 00:16:36,279 the Prime Minister Netniow. When those objectives have been achieved, 270 00:16:36,720 --> 00:16:40,480 then I think we'll see the termination of military operations. 271 00:16:40,519 --> 00:16:43,559 But until such time, we're going to continue to pursue 272 00:16:43,559 --> 00:16:44,440 those objectives. 273 00:16:44,759 --> 00:16:48,159 Speaker 1: Yeah, I'm fascinated by this topic because I hear people 274 00:16:48,559 --> 00:16:51,519 talking about, well, let's go ahead and send the ships 275 00:16:51,559 --> 00:16:54,759 on through, like the people like the Iranians are standing 276 00:16:54,799 --> 00:16:58,000 on the short line throwing rocks at the ships or something. No, 277 00:16:58,240 --> 00:17:02,159 they can be five hundred miles away. If good artillery 278 00:17:02,240 --> 00:17:07,319 person zoomed the directions in, and they will, they will 279 00:17:07,359 --> 00:17:11,519 blow up that oil tanker from hundreds of miles away 280 00:17:11,599 --> 00:17:14,039 without having to show up on the shore. So and 281 00:17:14,039 --> 00:17:18,519 it's the whole Perusian Gulf is a target rich area 282 00:17:18,680 --> 00:17:23,039 for the enemy. And the President knows that, but he 283 00:17:23,920 --> 00:17:28,119 likes to kind of overseell if you will. But he 284 00:17:28,160 --> 00:17:30,640 gets his information. He's got good information in his head, 285 00:17:31,039 --> 00:17:34,319 but he likes to, you know, talk about all the shiny, 286 00:17:34,440 --> 00:17:39,119 wonderful stuff that we're doing. General King talks about the 287 00:17:39,119 --> 00:17:41,559 fact that no, he knows, he knows what's going on. 288 00:17:42,480 --> 00:17:45,960 Speaker 8: Sure absolutely. Where does he get all his information from? Well, 289 00:17:46,000 --> 00:17:49,559 he gets it, you know, from the Secretary of War, 290 00:17:49,640 --> 00:17:53,480 the Chairman of Joint Chiefs, principally from the Central Command 291 00:17:53,519 --> 00:17:56,480 commander who has all of these facts he is leading 292 00:17:56,519 --> 00:18:00,039 the war effort for us. And also he gets the 293 00:18:00,079 --> 00:18:03,880 information from the IDF operations. We have a three star 294 00:18:04,000 --> 00:18:09,000 general and a complete staff embedded in the IDF, and 295 00:18:09,079 --> 00:18:11,799 they have a one star general and a complete staff 296 00:18:11,920 --> 00:18:16,279 embedded in Central Commands headquarters. The trust and exchange here 297 00:18:16,759 --> 00:18:19,319 is really something of a sea. And listen for the 298 00:18:19,359 --> 00:18:22,759 military people out there who would appreciate this, who've gone 299 00:18:22,799 --> 00:18:26,160 through twenty years of nine to eleven wars, We've never 300 00:18:26,200 --> 00:18:29,640 had a partner like this who brings together not only 301 00:18:29,680 --> 00:18:32,039 to shared values which we've had in the past, certainly, 302 00:18:32,079 --> 00:18:34,519 and common objectives which we've had in the past, but 303 00:18:34,720 --> 00:18:39,279 unbelievable capability and proven capability. These are the two most 304 00:18:39,319 --> 00:18:43,319 proven militaries in the world conducting the first time ever 305 00:18:44,039 --> 00:18:47,640 combined operations against a common objective and a common enemy. 306 00:18:48,200 --> 00:18:50,519 And we're going to get this job done together, make 307 00:18:50,640 --> 00:18:51,799 no mistake about that. 308 00:18:52,039 --> 00:18:55,400 Speaker 1: So you can tell the general who really understands the 309 00:18:55,440 --> 00:18:59,680 military part of this completely believes that this is death 310 00:19:00,559 --> 00:19:04,160 going to be a win when all of this is 311 00:19:04,240 --> 00:19:05,160 finally done. 312 00:19:05,279 --> 00:19:08,039 Speaker 8: There's no doubt in my mind about it. And talking 313 00:19:08,079 --> 00:19:11,240 to the commanders, I'm kind of irrelevant compared to them. 314 00:19:11,759 --> 00:19:14,559 You know, they they speak with total confidence, and when 315 00:19:14,559 --> 00:19:19,279 they began this operation, you know, our commander Flood total 316 00:19:19,279 --> 00:19:21,960 the President, you know, I have total confidence that we 317 00:19:22,000 --> 00:19:26,880 will be able to accomplish successfully all military objectives, mister President. 318 00:19:27,640 --> 00:19:31,519 And I'm certain that that confident and that that commander 319 00:19:31,799 --> 00:19:38,640 Admiral Brad Cooper, who's truly exceptional officer, transferred that trust 320 00:19:38,680 --> 00:19:42,079 and confidence to the President himself, and that is where 321 00:19:42,079 --> 00:19:44,839 he is he was then, and that's where he's been 322 00:19:45,119 --> 00:19:48,160 ever since on this operation, and he talks to Prime 323 00:19:48,200 --> 00:19:51,920 Minister net Now, these are two wartime commanders now talking 324 00:19:51,960 --> 00:19:55,519 to each other, much like Churchill and Roosevelt will continuing 325 00:19:55,559 --> 00:19:59,279 to talk to each other, common objective, shared values, working 326 00:19:59,319 --> 00:20:03,160 together as best as it can possibly be expected. I'm 327 00:20:03,160 --> 00:20:07,359 not Pollyannish. I'm not trying to provide flowery marks here. 328 00:20:07,400 --> 00:20:10,839 I'm just trying to state the facts. This is really 329 00:20:12,079 --> 00:20:16,480 organizations coming together, built on trust and confidence in each other, 330 00:20:17,119 --> 00:20:19,119 and it's something really to behold. 331 00:20:19,559 --> 00:20:23,359 Speaker 1: So even in our military, we have people that see 332 00:20:23,400 --> 00:20:27,680 things differently. And General Keene obviously was the vice chairman 333 00:20:27,839 --> 00:20:30,519 of the Joint chiefs of Staff. He rows up to 334 00:20:31,039 --> 00:20:35,599 number two in the entire hierarchy. But a one star general, 335 00:20:35,720 --> 00:20:39,720 guy by the name of Steve Anderson, he's retired. I 336 00:20:39,759 --> 00:20:42,160 want to play this for you to see what you think. 337 00:20:42,799 --> 00:20:45,079 I couldn't believe what this guy said. He is the 338 00:20:45,079 --> 00:20:50,559 most negative one star retired general that I've ever heard. 339 00:20:51,119 --> 00:20:54,559 Speaker 2: Well, this war will end whenever Donald Trump says it's 340 00:20:54,640 --> 00:20:59,319 going to end, whenever he decides to declare victory, and 341 00:20:59,359 --> 00:21:03,680 if he is, he declare victory today and go home. 342 00:21:03,759 --> 00:21:06,839 Because this is not going well. We have a more 343 00:21:06,920 --> 00:21:08,680 radicalized regime in place. 344 00:21:08,799 --> 00:21:09,039 Speaker 1: Now. 345 00:21:09,960 --> 00:21:13,759 Speaker 2: The IRGC does not seem to be impacted at all. 346 00:21:13,839 --> 00:21:17,640 In fact, they've become perhaps even stronger. Sure they've lost 347 00:21:17,720 --> 00:21:21,279 a lot of military facilities, they've lost a lot of assets, 348 00:21:21,720 --> 00:21:25,079 but there's nothing that they can't recustom to quickly. And 349 00:21:25,119 --> 00:21:27,680 I just reminded what Henry Kissinger said in the War 350 00:21:27,759 --> 00:21:31,920 of Vietnam. He said, you know, the United States loses 351 00:21:32,559 --> 00:21:36,960 by not winning. In the Vietnamese win by not losing. 352 00:21:37,400 --> 00:21:40,799 And that is certainly the case here. The Uranians will 353 00:21:40,839 --> 00:21:42,400 win by not losing. 354 00:21:43,039 --> 00:21:45,640 Speaker 1: But there is some truth in some history to the 355 00:21:45,680 --> 00:21:49,480 fact that countries, people in a nation that are at 356 00:21:49,519 --> 00:21:53,599 war will defend their nation. Look at the Ukrainians. They're 357 00:21:53,759 --> 00:21:57,359 incredible how they're defending their country. So will the Iranians 358 00:21:57,400 --> 00:22:00,680 defend their country? I'm not so sure. Are there, of 359 00:22:00,720 --> 00:22:06,359 course supporters of the Ayatola and the IRGC, but that's 360 00:22:06,400 --> 00:22:09,720 not the majority of the population. And this guy uses 361 00:22:11,079 --> 00:22:17,079 Vietnam and listen, he'll talk about Ukraine. This is not 362 00:22:17,240 --> 00:22:19,799 the Ukraine War, but that seems to be his fixation. 363 00:22:20,799 --> 00:22:23,519 Speaker 2: I think that they probably want to inflict as much 364 00:22:23,640 --> 00:22:26,519 pain as possible. I think that they would like to 365 00:22:26,640 --> 00:22:28,759 end the war. But if you look at what they're 366 00:22:28,839 --> 00:22:31,640 doing now in the straight up humus for instance, I 367 00:22:31,720 --> 00:22:35,920 mean they've got incredible asymmetric capabilities. They've got mines, perhaps 368 00:22:35,960 --> 00:22:39,200 five thousand, They've got ballistic missiles they can fire. We 369 00:22:39,240 --> 00:22:41,359 know that they have about one hundred and twenty launchers left. 370 00:22:41,880 --> 00:22:42,920 Speaker 1: They have drones. 371 00:22:43,000 --> 00:22:47,119 Speaker 2: I remind viewers of what the Ukrainians were able to 372 00:22:47,119 --> 00:22:49,720 do with air and sea based drones against the Russian 373 00:22:49,759 --> 00:22:53,440 fleet in the Black Sea. They have homemade cruise missiles. 374 00:22:53,640 --> 00:22:57,119 Again back to the war in Ukraine. Remember the sinking 375 00:22:57,160 --> 00:23:01,079 at the Maskva four years ago, the Russian battleship. They 376 00:23:01,240 --> 00:23:05,319 was sunk by essentially a surfboard loaded with munitions fired 377 00:23:05,359 --> 00:23:10,480 by the Ukrainians. The Uranians also have suicide bones once again, 378 00:23:10,559 --> 00:23:15,319 remember excuse me, suicide boats. Remember once again the USS 379 00:23:15,519 --> 00:23:20,079 hole in Yemen that was attacked in two thousand by 380 00:23:20,119 --> 00:23:23,720 a suicide boat. And of course they also have speedboats, 381 00:23:23,759 --> 00:23:26,680 perhaps a thousand of them. They could be loaded with 382 00:23:26,880 --> 00:23:29,359 RPGs and all kinds of munitions. They could wreak havoc. 383 00:23:29,920 --> 00:23:33,119 There's lots of asymmetric threats that the Uranians can use, 384 00:23:33,519 --> 00:23:36,920 and I think that they're looking at inflicting as much 385 00:23:37,039 --> 00:23:40,119 damage as they possibly can to end this war as 386 00:23:40,200 --> 00:23:41,000 quickly as they can. 387 00:23:41,400 --> 00:23:47,440 Speaker 1: So Sadly, military, especially the general ranks, are supposed to 388 00:23:47,440 --> 00:23:51,160 not be political, but they are, especially general ranks, they 389 00:23:51,200 --> 00:23:54,640 all have to have a politician support them in order 390 00:23:54,680 --> 00:23:57,720 to get that star. He got one star, and I 391 00:23:57,720 --> 00:23:59,559 looked him up. I looked at his background. He's an 392 00:23:59,640 --> 00:24:07,200 Army brigadier general retire, and he does not like Donald Trump. 393 00:24:07,359 --> 00:24:12,440 This is I think, overshadowing his military background and military expertise. 394 00:24:13,200 --> 00:24:19,079 One other shall we say a voice from opposition to 395 00:24:19,160 --> 00:24:22,039 some of the people that like General Keene. One of 396 00:24:22,039 --> 00:24:25,240 the politicians is, of course, none other than Rand Paul. 397 00:24:26,400 --> 00:24:29,000 I think high oil prices will be a problem. I 398 00:24:29,000 --> 00:24:33,160 think the twenty twenty six elections already we are behind 399 00:24:33,160 --> 00:24:35,599 the eight call as far as the electoral process. 400 00:24:36,000 --> 00:24:38,680 Speaker 9: I think if you add in high gas prices, high 401 00:24:38,759 --> 00:24:42,519 oil prices, and if we are still bombing around with 402 00:24:42,680 --> 00:24:45,960 kinetic action, people don't want to call it war. There's 403 00:24:46,000 --> 00:24:48,160 still kinetic action that causes all to be over one 404 00:24:48,200 --> 00:24:51,200 hundred dollars. I think you're going to see a disastrous selection. 405 00:24:51,799 --> 00:24:53,960 Speaker 1: So he's talking about politics, and he's talking about at 406 00:24:53,960 --> 00:24:57,599 the midterms in November. Brett Behar, who knows his politics 407 00:24:57,599 --> 00:25:00,759 in Washington better than anybody, had this real that's. 408 00:25:00,599 --> 00:25:04,200 Speaker 10: Right, and he is correct. They are behind the April 409 00:25:04,519 --> 00:25:07,119 if you look at polls right now, if you look 410 00:25:07,200 --> 00:25:09,799 across the country, Republicans would be probably in a place 411 00:25:09,799 --> 00:25:12,200 where they would lose the House, maybe squeak by in 412 00:25:12,240 --> 00:25:15,119 the Senate. The White House is looking at the calendar 413 00:25:15,200 --> 00:25:18,319 saying they have a month or two before the cake 414 00:25:18,400 --> 00:25:23,079 is baked, and at least they're forecasting that the kinetic 415 00:25:23,200 --> 00:25:26,119 action that Senator Paul references is going to come to 416 00:25:26,160 --> 00:25:29,119 an end sooner rather than later, and that the straight 417 00:25:29,160 --> 00:25:31,319 up removes is not going to be a problem, even 418 00:25:31,359 --> 00:25:32,519 though it's a complex istion. 419 00:25:32,799 --> 00:25:36,839 Speaker 1: So from politics and TSA at the airport not being 420 00:25:37,000 --> 00:25:41,559 in full full numbers, the question then becomes is are 421 00:25:41,599 --> 00:25:44,680 they going to ever fund DHS And that's a bill 422 00:25:44,759 --> 00:25:47,279 that they're trying to get through Congress right now. 423 00:25:47,359 --> 00:25:49,599 Speaker 10: Well, I think they get a deal. I think it's 424 00:25:49,799 --> 00:25:53,119 tough to place the blame in Washington on these bills, 425 00:25:54,119 --> 00:25:56,839 but this one seems a little bit easier because the 426 00:25:56,839 --> 00:25:59,880 TSA lines and what you see you can say. I 427 00:26:00,319 --> 00:26:02,559 was just at the airport today. Somebody came up to 428 00:26:02,599 --> 00:26:04,599 me and said, one of the Democrats going to do 429 00:26:04,640 --> 00:26:06,960 the deal. He was a TSA guy, and I said, 430 00:26:07,039 --> 00:26:08,480 you know, I'm not sure when the deal is going 431 00:26:08,519 --> 00:26:10,440 to happen. He said, they got to get it done. 432 00:26:10,480 --> 00:26:13,119 I'm working on my second shift, you know. So you 433 00:26:13,200 --> 00:26:15,599 feel for them. They're showing up for work and not 434 00:26:15,640 --> 00:26:19,319 getting a paycheck. I think it's easier to place that blame. 435 00:26:20,319 --> 00:26:22,440 I bet they get a negotiated deal. I also think 436 00:26:22,440 --> 00:26:25,400 this Save America Act and what we're seeing with John 437 00:26:25,480 --> 00:26:30,119 Cornyn and others making changes, there may be something that 438 00:26:30,160 --> 00:26:33,400 politically changes the dynamic for Democrats there. 439 00:26:33,640 --> 00:26:36,279 Speaker 1: So back to the war and back to the Strait 440 00:26:36,279 --> 00:26:40,880 of Horror moves. People are questioning whether or not the 441 00:26:40,920 --> 00:26:43,119 military is just now trying to figure out what to 442 00:26:43,200 --> 00:26:47,400 do about about getting ship traffic going through the Strait 443 00:26:47,440 --> 00:26:51,920 of Horror moves again. And no. Mike Pompeo waited and said, no, 444 00:26:52,000 --> 00:26:54,599 They've had these plans in place for years. 445 00:26:54,960 --> 00:26:56,880 Speaker 11: I don't think for a moment they're just figuring this 446 00:26:56,920 --> 00:27:00,440 out now. They're getting ready. They're doing the nescess in 447 00:27:00,480 --> 00:27:03,440 the same way that they set the field, set the 448 00:27:03,480 --> 00:27:07,279 defense so that we could knock down ballistic missiles and drones. Right, 449 00:27:07,359 --> 00:27:09,160 took several weeks to get all of that in place. 450 00:27:09,160 --> 00:27:12,000 They're not putting in place. They work so that we 451 00:27:12,079 --> 00:27:14,319 can safely escort ships through the Strait of Removes. No, 452 00:27:14,720 --> 00:27:17,160 the military planning for this is years in the making. 453 00:27:17,440 --> 00:27:19,839 We know precisely how to do it. There is more 454 00:27:19,880 --> 00:27:22,279 work that needs to be done to take out raining 455 00:27:22,319 --> 00:27:25,880 capability so that we can do so safely. But you know, 456 00:27:25,680 --> 00:27:28,680 you heard the threats on American ships traveling through their town. 457 00:27:28,680 --> 00:27:31,279 We shouldn't forget those threats have been around for decades. 458 00:27:31,640 --> 00:27:31,759 Speaker 8: Right. 459 00:27:31,839 --> 00:27:34,000 Speaker 11: The very reason President Trump is having to do what 460 00:27:34,039 --> 00:27:35,920 we're doing is because they have threatened to close this 461 00:27:36,000 --> 00:27:38,839 straight time and time again and held American hostage and 462 00:27:38,880 --> 00:27:40,960 say nope, don't come get them because we'll blow your 463 00:27:40,960 --> 00:27:44,559 stuff up. This is very necessary. The right approach is 464 00:27:44,599 --> 00:27:48,000 being taken. Its methodical world. Just eleven days in, lots 465 00:27:48,039 --> 00:27:49,519 more work to do, and when we do, we'll get 466 00:27:49,519 --> 00:27:52,200 the straight reopened. We'll do so safely, and we will 467 00:27:52,240 --> 00:27:54,440 have punished in an Iranian regime that has taken so 468 00:27:54,519 --> 00:27:56,759 much toll on American life for so very long. 469 00:27:57,200 --> 00:28:00,400 Speaker 1: So let's get an update on oil today. Because the 470 00:28:00,759 --> 00:28:04,160 straight of hor moves the courses. Everybody's talking about it, 471 00:28:04,200 --> 00:28:08,640 but at the same time as oil being traded. And finally, 472 00:28:08,720 --> 00:28:12,160 the IEA came out today and said, okay, let's do 473 00:28:14,079 --> 00:28:18,480 some sort of release from the strategic petroleum reserves around 474 00:28:19,160 --> 00:28:24,000 of the G seven countries. Charles payin my old financial 475 00:28:24,039 --> 00:28:26,960 body over at Fox Business, He's not for it. 476 00:28:27,279 --> 00:28:29,839 Speaker 12: I'm not a huge fan of the move. Now, different 477 00:28:29,839 --> 00:28:32,920 countries have different supplies, right, Japan has the most supply 478 00:28:33,359 --> 00:28:35,400 in terms of how long they can feed their economy. 479 00:28:35,480 --> 00:28:37,960 We're like number two and number three. Some nations are 480 00:28:37,960 --> 00:28:40,640 called completely flat footed, like Canada, right, which is ironic 481 00:28:40,680 --> 00:28:41,920 since they drill for oil. 482 00:28:42,759 --> 00:28:45,559 Speaker 1: So it's one of these things. 483 00:28:45,599 --> 00:28:48,680 Speaker 12: If it could bias let's say twenty days of calmness 484 00:28:48,759 --> 00:28:51,640 or mitigate the pressure from maybe twenty days. If the 485 00:28:51,720 --> 00:28:55,279 calculus is that this will be over effectively in twenty days, 486 00:28:55,279 --> 00:28:57,839 then okay. Otherwise, if it's a political move, I think 487 00:28:57,839 --> 00:28:58,440 it's a mistake. 488 00:28:58,519 --> 00:29:00,359 Speaker 1: Yeah, I think it's a mistake too. But they're going 489 00:29:00,400 --> 00:29:03,400 to do and the President late this afternoon was asked 490 00:29:03,400 --> 00:29:05,000 about are you going to go ahead and tap the 491 00:29:05,039 --> 00:29:08,240 strategic petroleum reserve that we have, and he said he would. 492 00:29:08,640 --> 00:29:10,799 He didn't say how much, he didn't give a number. 493 00:29:11,759 --> 00:29:13,839 But again I point out the fact that we've got 494 00:29:13,880 --> 00:29:16,680 plenty of oil. We don't need to tap our strategic 495 00:29:16,720 --> 00:29:24,039 petroleum reserve and putting oil on the markets from the 496 00:29:24,039 --> 00:29:29,680 they're releasing collectively all these countries four hundred million barrels 497 00:29:30,240 --> 00:29:34,920 and that will make a dent of a few cents, 498 00:29:35,039 --> 00:29:38,240 I mean maybe twenty cents, but it's not going to 499 00:29:38,359 --> 00:29:41,119 change things, and it's a one time deal. Then what 500 00:29:41,160 --> 00:29:44,279 do you do if this war drags on. In addition 501 00:29:44,440 --> 00:29:48,359 to that, well, by the way, this is the largest 502 00:29:48,400 --> 00:29:52,119 release of strategic petroleum reserves in the history of our nation. 503 00:29:52,200 --> 00:29:55,240 But in addition to that, you can't just release four 504 00:29:55,319 --> 00:29:59,160 hundred million barrels overnight. It's going to take weeks, if 505 00:29:59,200 --> 00:30:02,480 not months, to do that. Max Layton is the head 506 00:30:02,480 --> 00:30:07,799 of Commodities over at City Bank, and he's well, he says, 507 00:30:07,799 --> 00:30:10,720 look at he said, there's some things that plenty of 508 00:30:10,920 --> 00:30:14,279 gasoline is in reserves, but he said, things like jet 509 00:30:14,319 --> 00:30:19,480 fuel are they degrade very quickly, So you really can't 510 00:30:19,519 --> 00:30:22,599 store them, so there's not much of that to be released. 511 00:30:22,640 --> 00:30:23,640 Here's Max Layton. 512 00:30:24,119 --> 00:30:28,759 Speaker 5: I think the early signs are it's not particularly quick, 513 00:30:29,559 --> 00:30:32,200 but it could be. And I think that's the important 514 00:30:32,200 --> 00:30:35,000 bit is on paper. So for example, if the US 515 00:30:35,079 --> 00:30:37,920 can do a certain run rate of de stocking of 516 00:30:38,039 --> 00:30:40,720 public inventry, then you add on top of that the 517 00:30:40,759 --> 00:30:42,960 European countries, and you add on top of that the 518 00:30:43,759 --> 00:30:48,359 Asia based OECD countries. In total, according to this study, 519 00:30:48,400 --> 00:30:50,680 you could do up to twenty four million miles. The 520 00:30:50,720 --> 00:30:54,880 market probably only needs around ten. I see, you know 521 00:30:54,880 --> 00:30:57,640 it's possible, but they have yet to commit to doing it. 522 00:30:57,839 --> 00:31:00,440 Speaker 1: What he said was that there's been studies that say 523 00:31:00,480 --> 00:31:04,400 you can release with all these nations collectively could release 524 00:31:04,480 --> 00:31:07,799 twenty four million barrels a day, but he says it's 525 00:31:07,839 --> 00:31:11,119 probably more like around ten. So if ten million barrels 526 00:31:11,160 --> 00:31:13,759 a day they want to release four hundred million barrels, 527 00:31:14,640 --> 00:31:20,440 well you do the math. It's this kinetic stuff going 528 00:31:20,480 --> 00:31:22,400 on over there in Iran is probably going to be 529 00:31:22,400 --> 00:31:25,480 long over before before we get done with releasing all 530 00:31:25,519 --> 00:31:28,319 this oil. So I really don't think it'll make much 531 00:31:28,400 --> 00:31:32,480 of a difference. But speaking of the markets, today and oil. 532 00:31:32,960 --> 00:31:36,680 Most of the stock market was lower, but oil prices 533 00:31:36,720 --> 00:31:40,079 did go up. Let's start with the Dow. The Dow 534 00:31:40,160 --> 00:31:44,240 down two hundred and eighty nine. It was trading between 535 00:31:44,359 --> 00:31:47,119 the minus two hundred minus four hundred most of the 536 00:31:47,119 --> 00:31:50,119 trading session, so it was down, but it was fairly stable. 537 00:31:50,200 --> 00:31:53,720 Down two eighty nine to forty seven, Thoy four to seventeen. 538 00:31:55,039 --> 00:31:59,400 SMP was down five and n ASDAK gained nineteen. The 539 00:31:59,480 --> 00:32:01,759 price of gone hold down fifty eight dollars. It's at 540 00:32:01,759 --> 00:32:04,839 five thousand and one eighty three. And oil there's that 541 00:32:05,039 --> 00:32:09,319 green arrow up five bucks, closing today at eighty eight 542 00:32:09,440 --> 00:32:14,079 dollars for a barrel of oil. Thank you for coming 543 00:32:14,079 --> 00:32:17,680 by today. We will be back again tomorrow. Try this again. 544 00:32:17,799 --> 00:32:18,759 I hope to see you then