1 00:00:20,960 --> 00:00:27,239 Speaker 1: And Hi, how are you welcome? Welcome to the Big Podcast. 2 00:00:27,320 --> 00:00:30,960 It is Tuesday. Today is the seventeenth day of June, 3 00:00:31,839 --> 00:00:34,079 year of our lower twenty twenty five. My name is 4 00:00:34,119 --> 00:00:40,240 Tom Sullivan. So what do we have laid out today? Well, gosh, 5 00:00:40,280 --> 00:00:43,560 boys and girls, we can't go a lot of different places, 6 00:00:43,560 --> 00:00:45,560 but the war is still the top story. We've got 7 00:00:45,560 --> 00:00:49,560 the war. The update on that retail sales numbers came 8 00:00:49,600 --> 00:00:53,640 out today, a little story behind all of that, but 9 00:00:53,679 --> 00:00:59,439 the war really is I think the focus today, and 10 00:00:59,479 --> 00:01:03,679 I play we had I had a phone call with Laurie, 11 00:01:03,719 --> 00:01:08,599 and you're going, who's Laurie. Laurie is the comment line lady. 12 00:01:08,719 --> 00:01:11,159 She's the one that we always put us the last 13 00:01:11,200 --> 00:01:13,920 call the end of the show when I was doing 14 00:01:13,920 --> 00:01:17,760 the radio show, and she always had great little comments. 15 00:01:17,799 --> 00:01:19,920 So I want to check in with Laurie and find 16 00:01:19,959 --> 00:01:23,640 out what she's all about. So we'll be talking to 17 00:01:23,680 --> 00:01:27,319 Laurie in the latter part of this podcast today. Also, 18 00:01:29,040 --> 00:01:30,680 I want to get some of your phone calls in. 19 00:01:30,719 --> 00:01:32,760 We haven't had a chance to do that yet, so 20 00:01:33,319 --> 00:01:35,760 there's a variety of phone calls, so we'll play some 21 00:01:35,760 --> 00:01:40,000 of those again. The phone number if you have comments, observations, 22 00:01:40,120 --> 00:01:42,400 or just you want to mumble or ramble the phone 23 00:01:42,480 --> 00:01:46,319 numbers eight five five. Well I do, I mumble and 24 00:01:46,400 --> 00:01:51,239 ramble phone numbers eight five five two nine five sixty 25 00:01:51,480 --> 00:01:56,599 six hundred eight five five two nine five sixty six hundred. 26 00:01:57,079 --> 00:02:01,480 So that'll get get some phone calls in hopefully, and 27 00:02:01,560 --> 00:02:05,200 we can play your comments on what's going on out 28 00:02:05,239 --> 00:02:09,319 there in the big bad world. But let's start with 29 00:02:10,439 --> 00:02:14,479 Israel and Iran and what's going on there. I think 30 00:02:14,520 --> 00:02:21,319 the place to start today would be John Fetterman. Yeah, 31 00:02:21,759 --> 00:02:26,840 the congressman, I'm sorry, the senator, Democrat, senator from Pennsylvania. 32 00:02:28,199 --> 00:02:30,080 And this guy has been an outlier. I mean, he 33 00:02:30,159 --> 00:02:32,800 had that horrible stroke and the people elected him and 34 00:02:32,840 --> 00:02:35,520 he has fought his way back. He looks and sounds 35 00:02:36,240 --> 00:02:39,120 like he's recovered one hundred percent. But he's making the 36 00:02:39,159 --> 00:02:43,479 Democrats mad because he is pro Israel. So he's got 37 00:02:43,479 --> 00:02:47,599 some comments about Israel, he's got some comments about the 38 00:02:47,719 --> 00:02:52,840 parade by the US Army this past weekend in Washington, 39 00:02:53,479 --> 00:02:59,360 and then again his unique position as a Democrat on 40 00:02:59,520 --> 00:03:03,919 immigrant So let's give you the comments from John Fetterman 41 00:03:04,039 --> 00:03:07,199 from earlier today, show no mercy and if you have 42 00:03:07,240 --> 00:03:09,199 to take the supreme leader out, do it. 43 00:03:10,319 --> 00:03:13,919 Speaker 2: Yeah, yeah, I think they should have targeted him absolutely 44 00:03:13,919 --> 00:03:18,240 gone taken them out. I think the way Israel operates, 45 00:03:18,560 --> 00:03:20,840 they just take out the leadership, just like they did 46 00:03:20,879 --> 00:03:24,879 with Hezbolah, and they've already done that with the Iranian leadership, 47 00:03:25,240 --> 00:03:27,120 just took them out, even laying in their beds, and 48 00:03:27,159 --> 00:03:29,879 they didn't take down the whole building. They actually targeted 49 00:03:30,080 --> 00:03:33,199 where they lay in bed. And now they eliminated the 50 00:03:33,639 --> 00:03:37,840 military ones and the nuclear ones. That's magnificent and the 51 00:03:37,919 --> 00:03:40,319 precision which they've done that, And I don't know why 52 00:03:40,319 --> 00:03:42,240 they would have left the leader out. 53 00:03:43,400 --> 00:03:43,599 Speaker 1: Well. 54 00:03:43,759 --> 00:03:46,080 Speaker 2: I think the reality is that you have a nation 55 00:03:46,479 --> 00:03:49,319 that just is in a position where they have to 56 00:03:49,319 --> 00:03:51,360 be held accountable for what they've done. They are the 57 00:03:51,360 --> 00:03:54,879 ones that built and created the proxies like Hamas and 58 00:03:54,919 --> 00:03:59,240 Hezbollah and put our whole region in this kind of chaos, 59 00:03:59,439 --> 00:04:02,560 and now they clearly have nuclear ambitions, and now I 60 00:04:02,560 --> 00:04:04,520 think it's entirely I'm not sure if I might have 61 00:04:04,599 --> 00:04:07,960 been the only one constantly calling that to just take 62 00:04:07,960 --> 00:04:11,319 this facility out and to use the B two and 63 00:04:11,400 --> 00:04:17,680 those gigantic bunker buster ones and partner up with Israel 64 00:04:17,759 --> 00:04:19,879 what they've done. Of course, I'm always going to stand 65 00:04:19,879 --> 00:04:23,839 with Israel through this. Now if I'm an outlier and democratic, 66 00:04:24,160 --> 00:04:28,319 I mean, I guess perhaps I'm unapologetically very pro Israel, 67 00:04:28,560 --> 00:04:32,480 and now here it's what's true is that Iran has 68 00:04:33,240 --> 00:04:36,199 nuclear ambitions one hundred percent, and now we can't ever 69 00:04:36,279 --> 00:04:39,680 allow them to acquire a bomb. And now what stays 70 00:04:39,759 --> 00:04:43,279 also true is that they have created the proxies, they 71 00:04:43,279 --> 00:04:46,279 have Hamas and Zbolah, you know, so now let's hold 72 00:04:46,319 --> 00:04:50,439 them accountable for this. And again we absolutely magnificent what 73 00:04:51,120 --> 00:04:54,759 Israel has done since since Saturday when this launched as well, 74 00:04:55,199 --> 00:04:58,639 done with such precision and lethality, and we want to 75 00:04:58,680 --> 00:05:01,160 support that. Now, I think we absolutely got to follow 76 00:05:01,199 --> 00:05:04,279 them into this and take out the nuclear facilities because 77 00:05:04,519 --> 00:05:08,560 it might not even a true, true path for real 78 00:05:08,639 --> 00:05:12,399 peace in the region. Now, because now taking out Iran 79 00:05:12,480 --> 00:05:14,920 at this point, that's necessary if you ever have a 80 00:05:15,040 --> 00:05:17,959 chance to have any real peace in the Middle East. Well, 81 00:05:18,079 --> 00:05:20,000 I think it's a great start with the thirty thousand 82 00:05:20,040 --> 00:05:24,839 pound bunker busters, and I just keep dropping them until 83 00:05:24,879 --> 00:05:28,040 you can actually confirm what has exactly happened to them. 84 00:05:28,279 --> 00:05:31,199 You know we have the tools, and Israel and we 85 00:05:31,279 --> 00:05:33,839 all the world has the need to finally take this 86 00:05:33,959 --> 00:05:37,879 out and we can't ever have Iran acquire a nuclear weapon. 87 00:05:38,160 --> 00:05:41,040 And now what Israel has already done, it's demonstrated that 88 00:05:41,120 --> 00:05:45,399 Iran really lacks any kinds of real military capabilities. And 89 00:05:45,439 --> 00:05:48,639 now finally we absolutely have to finish it out and 90 00:05:48,680 --> 00:05:52,480 now figure out where this goes. No, after this, possibly 91 00:05:52,519 --> 00:05:55,839 there could be some unintended consequences, but for me, what's 92 00:05:55,920 --> 00:05:59,680 most important to stop Iran and their nuclear weapons. But 93 00:06:00,040 --> 00:06:04,360 also now now after Iran has been broken and humiliated 94 00:06:04,439 --> 00:06:07,800 on the world stage, after what Israel has done, now 95 00:06:07,839 --> 00:06:09,759 we have to just again finish it out. And I 96 00:06:09,800 --> 00:06:12,439 think America absolutely has to have their back through this. 97 00:06:12,439 --> 00:06:17,600 It's absolutely my unapologetically supportive of Israel and a secure 98 00:06:17,639 --> 00:06:20,639 border and refuse to vote to shut the government down. 99 00:06:20,720 --> 00:06:24,240 I have absolutely I've taken a hit with from the 100 00:06:24,439 --> 00:06:27,639 from the base. I'm not sure why Democrats would boo 101 00:06:29,000 --> 00:06:31,439 a fellow Democrat, but that's their prerogative. 102 00:06:31,519 --> 00:06:31,800 Speaker 1: Now. 103 00:06:32,040 --> 00:06:35,959 Speaker 2: And now with that military parade again, you know there 104 00:06:36,120 --> 00:06:39,079 was no goose stepping and Alex, first of all, let's 105 00:06:39,079 --> 00:06:43,319 say stop stop ever comparing anyone anything to the Nazis 106 00:06:43,319 --> 00:06:44,199 and those kinds of thing. 107 00:06:44,279 --> 00:06:45,079 Speaker 1: That's crazy. 108 00:06:45,399 --> 00:06:48,839 Speaker 2: And now remember that's our soldiers, that's you know, this 109 00:06:48,879 --> 00:06:51,399 is not an occupying force. You know, this is a 110 00:06:51,399 --> 00:06:54,480 two hundred and fifty you know, anniversary for the army. 111 00:06:54,759 --> 00:06:57,360 Why I'm not sure why it's outrageous to have a 112 00:06:57,399 --> 00:07:01,160 parade to celebrate the army. Now, look at that video 113 00:07:01,199 --> 00:07:04,519 that's on the screen. Now, that's not that's not you know, 114 00:07:04,560 --> 00:07:08,839 like some kind of like, you know, anything extreme. It's 115 00:07:08,879 --> 00:07:12,600 celebrating you know, a quarter of a millennia about the 116 00:07:12,639 --> 00:07:17,240 American Army. It's like, I don't understand why that's controversial. 117 00:07:17,920 --> 00:07:23,319 Speaker 1: So John Fetterman definitely pro Israel and was happy to 118 00:07:23,360 --> 00:07:26,360 see the parade of the US Army on his two 119 00:07:26,399 --> 00:07:29,639 hundred and fiftieth birthday. And then the question was asked 120 00:07:29,680 --> 00:07:34,319 about immigration and do you support the president's efforts to 121 00:07:34,439 --> 00:07:37,240 deport the criminal illegals. 122 00:07:37,759 --> 00:07:40,639 Speaker 2: Well, let's talk. Let's talk about what I support. I 123 00:07:40,720 --> 00:07:43,079 absolutely support it. And I was the leading co sponsor 124 00:07:43,120 --> 00:07:45,480 of the lake In bill. Now is now so you know, 125 00:07:45,759 --> 00:07:49,600 app target the criminals you know that are here illegally 126 00:07:50,079 --> 00:07:53,040 and deport them. You know, I voted for that. I 127 00:07:53,040 --> 00:07:55,279 think that's what we shaard. No one here should be 128 00:07:55,279 --> 00:07:58,040 here illegally if they have a criminal record or engaging 129 00:07:58,040 --> 00:08:01,399 in criminal behavior, actually them, you know. And now I 130 00:08:01,439 --> 00:08:06,600 think they've also realized, don't target actually otherwise hardworking migrants, 131 00:08:06,600 --> 00:08:09,680 whether they're not working in agriculture or working at the 132 00:08:09,759 --> 00:08:13,160 hotel industry. And there, you know, like two things must 133 00:08:13,199 --> 00:08:16,560 be true. Absolutely, round up all of the criminals and 134 00:08:16,600 --> 00:08:22,040 deport them, but not target otherwise law following migrants that 135 00:08:22,079 --> 00:08:24,800 are a very critical part of our immigration. I mean, 136 00:08:25,319 --> 00:08:27,639 both those two must be true. And because I think 137 00:08:27,639 --> 00:08:31,759 that's I think the investment of the majorities the Americans want. 138 00:08:31,600 --> 00:08:33,720 Speaker 1: That, and I think he's right. That's where the polling 139 00:08:33,759 --> 00:08:37,960 shows is that people are absolutely left and right, independence 140 00:08:37,960 --> 00:08:41,039 doesn't matter, want to get rid of illegals that are 141 00:08:41,039 --> 00:08:45,080 in this country that have criminal records. They are having 142 00:08:45,399 --> 00:08:49,360 troubles with picking up other people. But the explanation from 143 00:08:49,399 --> 00:08:53,399 ICE is they go into a room they've targeted an 144 00:08:53,559 --> 00:08:57,519 illegal criminal, they find the criminal, but there's eight other 145 00:08:57,600 --> 00:09:01,480 people in the apartment, and they find out that they're 146 00:09:01,600 --> 00:09:04,840 not here legally either. That may not be criminals, but 147 00:09:04,879 --> 00:09:07,159 they're illegally in the country. So ICE is not going 148 00:09:07,200 --> 00:09:08,919 to turn their back on that. They're going to pick 149 00:09:09,000 --> 00:09:16,159 up everybody in that situation. But back to the war 150 00:09:16,200 --> 00:09:19,519 with Israel and Iran, like to check in with General 151 00:09:19,600 --> 00:09:20,080 Jack Keene. 152 00:09:20,720 --> 00:09:23,000 Speaker 3: The real issue is if the United States is going 153 00:09:23,039 --> 00:09:24,960 to do something here, it's likely going to be from 154 00:09:25,000 --> 00:09:29,000 the air, because we have that capability. And let me 155 00:09:29,039 --> 00:09:32,360 say that if the United States was leading this campaign 156 00:09:32,399 --> 00:09:36,159 and Israel was supporting us, this would be a very 157 00:09:36,200 --> 00:09:41,000 complex and challenging set of targets to deal with Iran's 158 00:09:41,039 --> 00:09:47,399 complete nuclear enterprise that exceeds more than twelve bases out 159 00:09:47,399 --> 00:09:50,519 there where this enterprise is located, and some of them 160 00:09:50,879 --> 00:09:53,759 are buried under the ground, and they've spread. 161 00:09:53,440 --> 00:09:54,240 Speaker 1: Out there in Richmond. 162 00:09:54,279 --> 00:09:56,799 Speaker 3: They've spread out this interfew just to make this a 163 00:09:56,840 --> 00:10:00,840 difficult challenge. And the Iotola and his people have always 164 00:10:00,840 --> 00:10:04,120 had the thought, and this is why they never dismantled 165 00:10:04,879 --> 00:10:09,080 their nuclear program as a result of negotiations. They believe 166 00:10:09,159 --> 00:10:13,240 that they can absorb an air attack, and because so 167 00:10:13,399 --> 00:10:17,399 many of their capability is buried under the ground, they 168 00:10:17,399 --> 00:10:21,399 can survive that air attack in terms of capability recover 169 00:10:21,759 --> 00:10:25,159 and rebuild. They've always considered that to be a better 170 00:10:25,200 --> 00:10:30,240 option than voluntarily dismantling the program, which is what the 171 00:10:30,279 --> 00:10:33,360 Obama administration wanted them to do, and they conceded it 172 00:10:33,519 --> 00:10:36,000 very early in the negotiation and gave up the idea. 173 00:10:36,080 --> 00:10:39,519 That is the Obama administration. The Trump administration worked it 174 00:10:39,600 --> 00:10:43,720 for many, many weeks and got the same response pretty 175 00:10:43,799 --> 00:10:47,840 much from the ayatol as negotiators. They weren't about to 176 00:10:47,840 --> 00:10:50,399 do it. And the reason is pretty obvious, because if 177 00:10:50,399 --> 00:10:55,559 he voluntarily gave it up with verification, it's gone. An 178 00:10:55,600 --> 00:10:59,559 airstrike is complex as tough as it is, he believes, 179 00:10:59,639 --> 00:11:02,720 and he has advisers to tell him that he can 180 00:11:03,000 --> 00:11:06,639 survive it and recover the enterprise and rebuild it and 181 00:11:06,720 --> 00:11:10,360 still put a nuclear package together that will threaten Israel 182 00:11:10,639 --> 00:11:14,159 and the region that's where these guys are. I have 183 00:11:14,279 --> 00:11:17,039 no idea how many it would take. I leave that 184 00:11:17,080 --> 00:11:19,240 to the people that are involved in the details of 185 00:11:19,320 --> 00:11:23,919 planning if that's what's taken place. But I do think 186 00:11:24,240 --> 00:11:29,039 over time we have the capability to render that particular 187 00:11:29,120 --> 00:11:34,320 site ineffective. You know, it's obviously underneath the mountain, and 188 00:11:34,399 --> 00:11:38,799 I think the engineers are contributing to how you do that. 189 00:11:38,879 --> 00:11:43,440 But it likely has to collapse down on itself. So 190 00:11:43,720 --> 00:11:47,120 I think it's achievable, but it's a formidable target and 191 00:11:47,600 --> 00:11:52,720 it would take likely successive attacks to do it. But 192 00:11:52,759 --> 00:11:56,240 the reality is the issue is what if we don't 193 00:11:56,240 --> 00:12:00,600 do that, and what if we take a knee that 194 00:12:00,720 --> 00:12:02,919 Some people are saying that this is going to lead 195 00:12:02,960 --> 00:12:06,759 to another forever war, and let's take that off the 196 00:12:06,799 --> 00:12:10,519 table pretty quick here. The United States and Israel has 197 00:12:10,639 --> 00:12:17,360 no intention of conducting a ground invasion of Iran similar 198 00:12:17,360 --> 00:12:20,159 to what we did in Iraq and Afghanistan, the purpose 199 00:12:20,240 --> 00:12:24,279 of which was for regime change, was for occupation, which 200 00:12:24,360 --> 00:12:27,759 led to nation building, and the length of that protracted 201 00:12:27,759 --> 00:12:31,480 the war. And that is allows he taste people having 202 00:12:31,559 --> 00:12:34,399 their mouth about it, but that's not on the plan 203 00:12:34,519 --> 00:12:38,440 here for anybody. This is an air campaign by Israel 204 00:12:38,840 --> 00:12:41,480 and it's the United States involvement, and we are supporting 205 00:12:41,519 --> 00:12:45,639 that air campaign with a limited but very focused attack 206 00:12:46,080 --> 00:12:50,679 on maybe one or two of their buried facilities. And 207 00:12:50,720 --> 00:12:55,639 that's it understood, and we would have to prepare for retaliation, 208 00:12:56,080 --> 00:12:59,240 is what you're just describing. The assets in the region 209 00:12:59,600 --> 00:13:03,559 are not only to protect our troops that are in 210 00:13:03,600 --> 00:13:08,279 those multiple bases forty thousand, but also to retaliate against 211 00:13:08,360 --> 00:13:12,720 Soron and that would be quite decisively if they attacked 212 00:13:12,759 --> 00:13:16,320 US as a result of intation campaign or just attacked 213 00:13:16,399 --> 00:13:17,080 US in general. 214 00:13:18,360 --> 00:13:20,840 Speaker 1: So that's the analysis, looking at it from the general's 215 00:13:20,840 --> 00:13:25,360 point of view. What about the CIA? Dan Hoffman, former 216 00:13:25,480 --> 00:13:30,720 CIA manager in Moscow, this is his take on it. 217 00:13:31,240 --> 00:13:33,399 Speaker 4: Yeah, Bill, I can tell you from my decades long 218 00:13:33,440 --> 00:13:35,919 career at CIA. You know, we don't do policy at 219 00:13:35,960 --> 00:13:38,600 the CIA. We recruit spies and steel secrets. But I 220 00:13:38,639 --> 00:13:42,960 was a backbencher many times during policy deliberations of this sort. 221 00:13:43,759 --> 00:13:46,039 And what I expect the President will be hearing from 222 00:13:46,080 --> 00:13:49,080 his advisors are what are the options to get to 223 00:13:49,120 --> 00:13:51,279 the end state that we want? And remember why the 224 00:13:51,320 --> 00:13:56,360 Trump administration withdrew from the JCPOA in the first Trump administration, 225 00:13:56,399 --> 00:13:59,159 it was because of the nuclear program, the Sunset clauses, 226 00:13:59,279 --> 00:14:02,240 because jc POA did not deal with Iran's ballistic missile 227 00:14:02,240 --> 00:14:06,600 program as well as Iran's proxy terrorist network. And so 228 00:14:06,720 --> 00:14:09,360 right now we've got a better opportunity than we've ever 229 00:14:09,440 --> 00:14:13,000 had before to deal with those three challenges for our 230 00:14:13,080 --> 00:14:16,279 national security. It doesn't mean we have to blow up Fourdoh, 231 00:14:16,320 --> 00:14:18,320 but it does mean that Iran is going to have to, 232 00:14:18,639 --> 00:14:21,320 in the words of their supreme leader, drink from the 233 00:14:21,360 --> 00:14:25,440 poison chalice and agree to a serious round of negotiations 234 00:14:25,440 --> 00:14:27,440 where we get to the end state that we want. 235 00:14:27,840 --> 00:14:31,360 Intelligence collection is going to be key on Iran's plans 236 00:14:31,360 --> 00:14:34,679 and intentions, their military, their intelligence, and their clerics. I 237 00:14:34,679 --> 00:14:36,840 imagine that we're on a full court press to provide 238 00:14:36,879 --> 00:14:38,039 the president with what he needed. 239 00:14:38,960 --> 00:14:40,039 Speaker 1: Reel owns the skies. 240 00:14:40,080 --> 00:14:43,480 Speaker 4: Remember a year ago April, Israel destroyed Iran's air defenses. 241 00:14:43,559 --> 00:14:47,440 Israel's got covert operatives on the ground. They've been lethally 242 00:14:47,519 --> 00:14:52,000 targeting Iran's military, senior military leaders, and their nuclear scientists. 243 00:14:52,440 --> 00:14:56,799 Israel owns the battlespace, and Iran's regime security right now 244 00:14:56,919 --> 00:14:59,159 is more tenuous than it's ever been since going back 245 00:14:59,159 --> 00:15:02,320 to its war against Iraq in the nineteen eighties. And 246 00:15:02,399 --> 00:15:04,960 so the question is whether we are going to strike 247 00:15:05,000 --> 00:15:07,440 a deal now as President Trump would like to do. Now, 248 00:15:07,799 --> 00:15:10,440 maybe Iran won't want to make a deal, and maybe 249 00:15:10,440 --> 00:15:13,600 they'll rush for a nuclear weapon now, in which case 250 00:15:13,679 --> 00:15:16,080 we may not have any other choice than to pursue 251 00:15:16,120 --> 00:15:19,320 a military option. But I would expect this President to 252 00:15:19,399 --> 00:15:23,519 pursue every and all available means to negotiate a way 253 00:15:23,559 --> 00:15:25,720 out of this if indeed there is an opportunity to 254 00:15:25,759 --> 00:15:29,559 do so. Listen, the key thing in wartime is to find, fix, 255 00:15:29,639 --> 00:15:34,000 and finish your targets, and that depends on intelligence. Israel's 256 00:15:34,000 --> 00:15:37,559 gout iron wired and they're able to collect on everyone's location, 257 00:15:37,759 --> 00:15:39,960 just like they did with his ball on the Pager operation, 258 00:15:40,120 --> 00:15:43,039 and that gives Israel a significant upper hand, as we've 259 00:15:43,080 --> 00:15:44,480 seen in this war. 260 00:15:45,519 --> 00:15:49,759 Speaker 1: So that's the military analysis and the CIA's view of it. 261 00:15:50,440 --> 00:15:54,000 But there's another angle which I caught my ear earlier today. 262 00:15:54,000 --> 00:15:57,440 There's a hedge fund manager, Kyle Bass on Wall Street. 263 00:15:58,120 --> 00:16:01,679 He's a Wall Street guy, he's a financial but he 264 00:16:01,759 --> 00:16:04,879 had a very interesting take on why the world is 265 00:16:05,039 --> 00:16:09,919 in such a mess with Ukraine and Russia, and with 266 00:16:10,879 --> 00:16:16,960 India and Pakistan, Israel, Iran, Taiwan, China, all of these 267 00:16:17,000 --> 00:16:21,480 areas that are hotbeds, and he thinks and he ties 268 00:16:21,519 --> 00:16:25,759 it back to the high inflation that we experienced in 269 00:16:25,799 --> 00:16:30,879 this nation over the previous four years, starting with the 270 00:16:30,919 --> 00:16:34,399 pandemic and then going through Joe Biden's wild spending that 271 00:16:34,559 --> 00:16:37,519 drove inflation up to nine and a half percent. It 272 00:16:37,639 --> 00:16:40,039 spilled over to the rest of the world was also 273 00:16:40,399 --> 00:16:45,559 hit with heavy inflation, and Kyle Bass thinks it's because 274 00:16:45,759 --> 00:16:51,720 of that that the world is so unstable today. Yeah. 275 00:16:51,759 --> 00:16:53,519 Speaker 5: Look, I'm going to give you a little bit of 276 00:16:53,559 --> 00:16:57,159 my ideology here, and forgive me if you can't connect 277 00:16:57,159 --> 00:17:00,159 the doubts in the beginning. But look inflation and what 278 00:17:00,559 --> 00:17:03,840 the US Fed did by putting forty percent more M 279 00:17:03,919 --> 00:17:06,720 two in the market and pushing call it forty fifty 280 00:17:06,759 --> 00:17:09,599 percent inflation between twenty twenty and twenty five to the 281 00:17:09,599 --> 00:17:12,359 rest of the world in dollars. The entire world is 282 00:17:12,400 --> 00:17:15,599 priced in dollars, So whether you have another currency or not, 283 00:17:15,799 --> 00:17:18,559 everything's priced in dollars and you just backsall for how 284 00:17:18,599 --> 00:17:20,759 much of your currency you have to put up. The 285 00:17:20,799 --> 00:17:23,400 rest of the world has this kind of negative convexity 286 00:17:23,440 --> 00:17:26,759 to the US's actions. So we push a bunch of 287 00:17:26,839 --> 00:17:29,200 inflation to the world, and what that does is further 288 00:17:29,359 --> 00:17:33,720 destabilize areas that we're already balancing along the bottom. So 289 00:17:33,759 --> 00:17:35,839 when you look at the Middle East, even with some 290 00:17:35,880 --> 00:17:38,720 of the oil producers, you look at the currency exchange 291 00:17:38,799 --> 00:17:42,160 rates of the greater Middle East, including countries with you know, 292 00:17:42,240 --> 00:17:45,519 like Turkey with ninety million people and they've hyper inflated 293 00:17:45,519 --> 00:17:48,480 their currency away from twenty twenty to twenty twenty five. 294 00:17:48,880 --> 00:17:51,759 So the financial architecture of the Middle East has never 295 00:17:51,839 --> 00:17:55,279 looked this bad. The financial architecture of China has never 296 00:17:55,319 --> 00:17:57,720 looked this bad. And so this gets back to your 297 00:17:57,799 --> 00:18:00,519 question Beckans. Next, we have a ground more in Europe. 298 00:18:00,640 --> 00:18:04,519 We have Indian Pakistan really showing some hostility again. We 299 00:18:04,640 --> 00:18:09,759 have Iran and it's illegitimate proxies causing terror across the 300 00:18:09,759 --> 00:18:12,440 Middle East and world britt large. And now we have 301 00:18:12,599 --> 00:18:16,559 China staring down the barrel of the Taiwan Strait and 302 00:18:16,680 --> 00:18:21,640 the US again and our allies in Australia, Japan very 303 00:18:21,680 --> 00:18:25,000 much worried about what China does next. So my view 304 00:18:25,079 --> 00:18:28,839 is this inflation that got pushed to the world destabilized 305 00:18:28,880 --> 00:18:32,640 the world, especially the world's economies that weren't the Bell 306 00:18:32,680 --> 00:18:33,599 Weather economies. 307 00:18:33,960 --> 00:18:35,880 Speaker 1: And I believe more war. 308 00:18:36,200 --> 00:18:41,440 Speaker 5: More friction, more social tearing of the society's is coming 309 00:18:41,680 --> 00:18:44,880 because inflation was so large. It was if you look 310 00:18:44,920 --> 00:18:48,240 at these charts of all the currencies of these countries, 311 00:18:48,279 --> 00:18:51,720 you see that in twenty twenty everything fell apart once 312 00:18:51,759 --> 00:18:55,839 COVID came about, and I can go chart by chart 313 00:18:55,880 --> 00:18:59,799 by chart with you, so that architecture's broken, So expect more. 314 00:18:59,680 --> 00:19:05,240 Speaker 1: Common His theory is interesting and about destabilizing the financial 315 00:19:05,319 --> 00:19:08,480 markets around the world and the finances of the economies 316 00:19:08,519 --> 00:19:12,119 of all these different countries. I think has a merit. 317 00:19:12,680 --> 00:19:15,680 He said, expect more conflict. I'm not sure with inflation 318 00:19:16,680 --> 00:19:21,759 settling more normal, It's still prices are still high, obviously, 319 00:19:22,359 --> 00:19:24,079 and that's causing a lot of grief for a lot 320 00:19:24,079 --> 00:19:26,400 of people, not only in the US but around the world. 321 00:19:26,799 --> 00:19:28,799 And then you put the trade tariffs on. Don't get 322 00:19:28,799 --> 00:19:32,759 me started on that. And then we had one report 323 00:19:32,759 --> 00:19:35,799 that came out today on the economy. It was retail 324 00:19:35,960 --> 00:19:40,720 sales for the month of May. And where did you 325 00:19:40,799 --> 00:19:44,119 all go? Because for the second month in a row, 326 00:19:44,720 --> 00:19:48,759 April was retail sales were down one tenth of one percent. Okay, 327 00:19:49,599 --> 00:19:53,839 that was interesting, but May was down nine tenths of 328 00:19:53,920 --> 00:19:59,079 one percent. This is a cumulative big drop for retail sales, 329 00:19:59,599 --> 00:20:02,599 and a a lot of people think that it was 330 00:20:02,680 --> 00:20:06,400 because of the fact of people pulled forward. A lot 331 00:20:06,440 --> 00:20:09,000 of people went out when they heard the tariffs were coming, 332 00:20:09,400 --> 00:20:12,640 went out and bought their supplies, bought the whatever they needed, 333 00:20:12,640 --> 00:20:16,079 bought two or three months worth, and so it will 334 00:20:16,119 --> 00:20:20,039 eventually catch up in higher prices. And maybe that's what happened. 335 00:20:20,079 --> 00:20:26,319 In the month of May, import prices were unchanged, which 336 00:20:26,559 --> 00:20:33,319 shows that maybe the host sailors, I'm sorry, the manufacturers, 337 00:20:33,359 --> 00:20:38,839 the Chinese are maybe eating some of the tariffs, and 338 00:20:39,000 --> 00:20:42,880 some of the hostsalors here are eating some of the 339 00:20:42,920 --> 00:20:47,119 TIFFs because import prices for last month were flat unchanged. 340 00:20:47,279 --> 00:20:52,000 Dennis Lockhart, he's a former FED president for the Federal 341 00:20:52,039 --> 00:20:56,359 Reserve Bank of Atlanta. He thinks this was truly a 342 00:20:56,400 --> 00:20:59,960 story about people, as they say on Wall Street, pulling forward. 343 00:21:00,359 --> 00:21:04,599 Speaker 6: Think the pull forward effect is probably showing up in 344 00:21:04,640 --> 00:21:10,000 the numbers, which means that the committee is likely to 345 00:21:10,000 --> 00:21:13,839 just take this as one month's numbers, wait some more time, 346 00:21:13,920 --> 00:21:17,680 and evaluate the next round and perhaps even the round 347 00:21:17,720 --> 00:21:21,759 after that, before making any conclusion about what the consumer's 348 00:21:22,240 --> 00:21:23,240 posture really is. 349 00:21:24,640 --> 00:21:25,839 Speaker 1: There's no reason to panic. 350 00:21:25,960 --> 00:21:31,240 Speaker 6: The data are mixed in the retail sales numbers, and 351 00:21:31,759 --> 00:21:36,359 you can pick and choose among the data to paint 352 00:21:36,480 --> 00:21:39,519 one picture or another. So I think this is one 353 00:21:39,599 --> 00:21:42,799 to take on board. But I think theme of the 354 00:21:42,839 --> 00:21:46,039 pull forward effect is perhaps the big story here. 355 00:21:46,920 --> 00:21:48,839 Speaker 1: And of course he's talking about the FED. The Fed's 356 00:21:48,880 --> 00:21:52,839 meeting today and tomorrow, So tomorrow, a little after two 357 00:21:52,839 --> 00:21:55,640 o'clock in the afternoon Eastern time, the FED will tell 358 00:21:55,720 --> 00:21:58,400 us what they're going to do about interest rates. So 359 00:21:59,160 --> 00:22:01,640 then this Lockhart said he doesn't think anything's going to 360 00:22:01,720 --> 00:22:06,279 happen tomorrow nor next month, is the same as Roger Ferguson, 361 00:22:06,319 --> 00:22:09,680 the former vice chair of the FED, told us yesterday. 362 00:22:09,759 --> 00:22:14,039 So nobody's expecting the Fed to do anything with interest 363 00:22:14,079 --> 00:22:18,039 rates with all of this going on in the financial world. 364 00:22:19,359 --> 00:22:23,119 And speaking of finances, hey, haw's that big beautiful bill 365 00:22:23,279 --> 00:22:30,519 going over in Congress. Well, two people I can chime 366 00:22:30,559 --> 00:22:34,000 in on that. One of them is Harry Enton, the 367 00:22:34,039 --> 00:22:39,160 statistician guy at CNN, and he says, well, I'll let 368 00:22:39,200 --> 00:22:40,720 him choose his own work. 369 00:22:40,799 --> 00:22:43,319 Speaker 7: You know, I'm really really surprised when I look at 370 00:22:43,319 --> 00:22:45,640 polling data. I look at it every day, but the 371 00:22:45,720 --> 00:22:49,559 amount of disapproval for this spell, holy cow, my goodness, gracious. 372 00:22:49,559 --> 00:22:52,119 And you know you mentioned the KFF, Paul, We're talking 373 00:22:52,119 --> 00:22:55,039 about twenty nine points underwater on the net favorable rating. 374 00:22:55,200 --> 00:22:58,200 But that matches to Quinnipiac University Paul from last week 375 00:22:58,359 --> 00:23:01,839 when it was twenty six points underwater. Oh my god, 376 00:23:01,880 --> 00:23:04,119 you need Greg lugain Is to get that far underwater. 377 00:23:04,400 --> 00:23:06,799 And I mean we're talking about a negative forty one 378 00:23:06,880 --> 00:23:10,319 net favorability rating among independents in the center of the electorate. 379 00:23:10,599 --> 00:23:14,039 You rarely ever see pieces of legislation or proposed pieces 380 00:23:14,039 --> 00:23:17,000 of legislation as unpopular as this, but here you see 381 00:23:17,000 --> 00:23:19,480 it in two polls twenty six points underwater and twenty 382 00:23:19,599 --> 00:23:20,559 nine points underwater. 383 00:23:20,720 --> 00:23:22,319 Speaker 1: No good, Yeah, I mean there. 384 00:23:22,279 --> 00:23:25,880 Speaker 7: Is a large chunk of the Republican Party that is 385 00:23:25,960 --> 00:23:27,599 not in favor of this bill. So this is the 386 00:23:27,599 --> 00:23:30,799 GOP with an unfavorable view of this bill. And what 387 00:23:30,839 --> 00:23:34,359 we see here is look at this, twenty three percent 388 00:23:34,680 --> 00:23:38,400 are opposed have an unfavorable rating of the big beautiful bill. 389 00:23:38,519 --> 00:23:41,960 Now to put down in some perspective, Donald Trump's unfavorable 390 00:23:42,039 --> 00:23:44,039 rating with the GOP as nine percent. So this is 391 00:23:44,079 --> 00:23:46,359 more than double. All of a sudden, you're taking a 392 00:23:46,519 --> 00:23:50,079 huge chunk of that magabase of that Republican base that 393 00:23:50,200 --> 00:23:52,960 is turned against this bill. It is not just Elon Musk, 394 00:23:53,000 --> 00:23:55,799 It is not just Ron Johnson. The Senate Republican from Wisconsin. 395 00:23:56,039 --> 00:23:58,680 It is a large chunk of the Republican base, as 396 00:23:58,759 --> 00:24:01,960 large double the percentage that have an unfavorable view of 397 00:24:02,000 --> 00:24:05,240 Donald Trump have an unfavorable view of the Big Beautiful Bill. 398 00:24:05,279 --> 00:24:07,160 And I will note that in the KFF Paul the 399 00:24:07,240 --> 00:24:12,440 unfavorable view get this thirty six percent. You rarely ever 400 00:24:12,480 --> 00:24:14,640 see anything that Donald Trump Back's got that high of 401 00:24:14,640 --> 00:24:17,319 an unfavorable view among Republicans, But here it is with 402 00:24:17,440 --> 00:24:18,640 the Big Beautiful Bill. 403 00:24:19,440 --> 00:24:22,000 Speaker 1: So the bill is not popular. It wasn't popular with 404 00:24:22,039 --> 00:24:25,119 Elon Musk, remember he got into that big fight with 405 00:24:25,200 --> 00:24:29,799 Donald Trump about it. But the House passed it and 406 00:24:29,880 --> 00:24:33,119 the Senate's working on it. And even though the public 407 00:24:33,160 --> 00:24:35,240 says they don't like it, that doesn't mean that the 408 00:24:35,319 --> 00:24:39,119 legislative leaders, the Republicans in the House and the Senate 409 00:24:39,559 --> 00:24:42,200 won't pass. In fact, most of them do believe that 410 00:24:42,279 --> 00:24:44,799 this bill will pass. And the reason why they believe 411 00:24:44,880 --> 00:24:49,000 that is because if it doesn't pass, then all of 412 00:24:49,039 --> 00:24:53,440 the tax cuts on every single income class back in 413 00:24:53,480 --> 00:24:59,000 twenty seventeen will lead to the biggest tax increase by 414 00:24:59,039 --> 00:25:02,200 the end of this year. So they have to at 415 00:25:02,279 --> 00:25:06,480 least extend that twenty seventeen tax law and make it 416 00:25:06,519 --> 00:25:09,279 permanent for you and me and everybody you know is 417 00:25:09,319 --> 00:25:13,720 going to see a big giant tax increase. So that's 418 00:25:13,759 --> 00:25:16,079 the pressure. We'll see what they come up with. There's 419 00:25:16,119 --> 00:25:17,519 going to be a lot of people aren't going to 420 00:25:17,519 --> 00:25:19,599 be happy with it because you know, Congress will put 421 00:25:20,000 --> 00:25:23,119 all kinds of special spending in there for their favorite project. 422 00:25:23,880 --> 00:25:26,799 But as far as the public's right now, looking at 423 00:25:26,880 --> 00:25:30,279 public looking at this, they have no love for the 424 00:25:30,279 --> 00:25:34,839 big beautiful bill as it sits right now. Chris Sanhunu, 425 00:25:36,480 --> 00:25:41,200 just former governor of New Hampshire, was asked his opinion 426 00:25:41,359 --> 00:25:43,839 about this big beautiful bill. 427 00:25:45,279 --> 00:25:47,160 Speaker 8: So, new new governor, thank you so much for being 428 00:25:47,160 --> 00:25:49,359 with us. All right, you just saw Harry's number. Is there, 429 00:25:49,440 --> 00:25:53,359 you know, twenty eight percent underwater. So if you're giving 430 00:25:53,359 --> 00:25:56,480 advice to your Republican colleagues, do you change the bill 431 00:25:56,640 --> 00:25:57,559 or do you force it? 432 00:25:57,920 --> 00:25:58,839 Speaker 1: You re message it. 433 00:25:59,039 --> 00:26:01,480 Speaker 9: So it's really most folks in America don't even really 434 00:26:01,559 --> 00:26:03,559 understand exactly what's in the bill, and a lot of 435 00:26:03,559 --> 00:26:06,119 that is because they haven't messaged what's in it, why 436 00:26:06,160 --> 00:26:08,799 they're doing it, what the tax cuts mean, the fact 437 00:26:08,799 --> 00:26:11,160 they're not just you know, slashing medicaid, like a lot 438 00:26:11,160 --> 00:26:13,240 of the messaging on the other side is what they're 439 00:26:13,279 --> 00:26:15,160 really doing is saying, look, we're just going to say 440 00:26:15,319 --> 00:26:18,200 there's a work requirement, which it was always designed to 441 00:26:18,279 --> 00:26:21,039 make sure that able bodied, working adults could get Medicaid. Well, 442 00:26:21,079 --> 00:26:22,960 let's just make sure that you're actually working. So I 443 00:26:22,960 --> 00:26:24,759 think it's more of a messaging problem. Now, the interesting 444 00:26:24,759 --> 00:26:27,880 aspect of those numbers is the reason Musk doesn't like 445 00:26:27,920 --> 00:26:29,759 the bill is it doesn't go far enough for him. 446 00:26:29,880 --> 00:26:31,960 The reason most Americans don't like the bill is because 447 00:26:32,279 --> 00:26:34,400 they think it goes too far. So there's actually a 448 00:26:34,480 --> 00:26:36,519 diverging reason why it's not. 449 00:26:36,839 --> 00:26:43,160 Speaker 1: I will not I think the Governor's right. Do you 450 00:26:43,240 --> 00:26:45,279 know what's in the bill? I don't think anybody does. 451 00:26:45,759 --> 00:26:48,519 Last time I looked, it was eleven hundred pages. And 452 00:26:48,559 --> 00:26:50,839 the members of the House of Representatives that voted for it, 453 00:26:50,920 --> 00:26:53,519 so they never read it. So we got to wait 454 00:26:53,599 --> 00:26:56,119 until the Senate does their thing and they finally come 455 00:26:56,160 --> 00:27:00,640 out with a text of the final proposal, and then 456 00:27:00,720 --> 00:27:05,119 you and I can debate the rest of it from there. Now, 457 00:27:05,200 --> 00:27:11,440 let's get onto something more lighthearted, more uplifting, more happiness. 458 00:27:12,000 --> 00:27:14,279 Remember the radio show. At the end of the radio show, 459 00:27:14,319 --> 00:27:16,400 we had the comment line, and we always played two 460 00:27:16,440 --> 00:27:19,839 comments and one that we wound up playing the same 461 00:27:19,920 --> 00:27:22,200 lady every day. She was the comment line lady. It 462 00:27:22,240 --> 00:27:25,279 was the last thing of the radio show. Her name 463 00:27:25,359 --> 00:27:30,440 is Laurie and she has called in for a long 464 00:27:30,599 --> 00:27:33,920 period of time. I picked up the phone and called 465 00:27:34,000 --> 00:27:38,119 her and to find out more about who is the 466 00:27:38,240 --> 00:27:42,960 comment line lady. So here's my conversation with Laurie. I mean, 467 00:27:43,000 --> 00:27:46,240 you became part of the program at some point. It 468 00:27:46,400 --> 00:27:51,519 really was. We always ended the show with your comment 469 00:27:52,200 --> 00:27:58,200 on the comment line. How did I how did you go? 470 00:27:58,559 --> 00:27:59,519 How did that all begin? 471 00:28:01,759 --> 00:28:06,279 Speaker 10: Well, it was basically when the show was on years ago. 472 00:28:07,200 --> 00:28:10,680 I wanted to call in, but I think I mentioned 473 00:28:10,880 --> 00:28:12,799 earlier when I was on the air that I get 474 00:28:12,839 --> 00:28:17,160 tongue tied, so I was really I was a little 475 00:28:17,240 --> 00:28:20,599 nervous to call in and actually have a conversation, but 476 00:28:20,720 --> 00:28:23,240 I just wanted to leave a comment. So when the 477 00:28:23,279 --> 00:28:26,920 comment line came into being, I decided to try it. 478 00:28:27,119 --> 00:28:30,559 And it was so nice to be able to just 479 00:28:30,599 --> 00:28:34,359 sort of pop off about the topics of the day 480 00:28:34,640 --> 00:28:39,680 and people's reactions to what was going on in the world, 481 00:28:39,880 --> 00:28:42,119 and then I was able to put my zinger in 482 00:28:42,240 --> 00:28:44,839 and technically not have to defend it later. 483 00:28:45,079 --> 00:28:49,319 Speaker 1: So are you a writer? I mean, are you as 484 00:28:49,359 --> 00:28:52,200 sounds like you like you are. Do you have a 485 00:28:52,200 --> 00:28:53,160 writing background? 486 00:28:54,440 --> 00:28:59,599 Speaker 10: No? No, I'm a secretary. I was a secretary, but 487 00:28:59,880 --> 00:29:02,400 I don't have a writing background at all. 488 00:29:02,960 --> 00:29:06,880 Speaker 1: There's a there's an old saying that Winston Churchill wrote 489 00:29:06,880 --> 00:29:11,079 a friend during World War Two and he said, I 490 00:29:11,119 --> 00:29:13,920 would have written you a shorter letter, but I did 491 00:29:13,960 --> 00:29:20,240 not have time, which I thought was genius, because it's 492 00:29:20,279 --> 00:29:26,519 a lot harder to write your thoughts concisely than to 493 00:29:26,720 --> 00:29:30,759 just ramble on. I ramble on. But what you what 494 00:29:30,799 --> 00:29:34,480 you have done is you take whatever the stories were 495 00:29:34,519 --> 00:29:36,599 of the day and you break it down to some 496 00:29:37,200 --> 00:29:40,160 concise statement. That always was interesting. 497 00:29:40,720 --> 00:29:44,559 Speaker 10: Well it you know it was. I luckily had enough 498 00:29:44,640 --> 00:29:47,559 time during the show to be able to do that, 499 00:29:48,640 --> 00:29:50,880 because I would ramble like kind of like I am 500 00:29:50,960 --> 00:29:57,279 now I'm great for bird walking, But just being able 501 00:29:57,319 --> 00:29:59,720 to have a little time to think about it was 502 00:30:00,039 --> 00:30:02,680 It's a big help. But it was so much fun 503 00:30:02,720 --> 00:30:06,839 to call in. And I was really shocked the day 504 00:30:06,839 --> 00:30:09,839 that somebody actually mentioned me in one of your callers. 505 00:30:09,880 --> 00:30:14,039 I was out in my backyard pulling weeds or something. 506 00:30:14,079 --> 00:30:15,079 I nearly dropped my. 507 00:30:15,119 --> 00:30:20,200 Speaker 1: Teeth background in writing, because it sounds like it. You should, 508 00:30:20,880 --> 00:30:24,759 I mean, you bring, you bring everything. And one of 509 00:30:24,799 --> 00:30:27,039 the things about the comment line, which a lot of people, 510 00:30:27,880 --> 00:30:30,279 I don't think most people think about this stuff, but 511 00:30:31,559 --> 00:30:35,559 the world of broadcasting we live in in the world 512 00:30:35,640 --> 00:30:41,720 of seconds, not minutes, but seconds. And so to tell somebody, 513 00:30:42,000 --> 00:30:44,119 I did this for years where I would say, well, 514 00:30:44,200 --> 00:30:46,839 we got about thirty seconds left, what do you think 515 00:30:46,839 --> 00:30:50,240 about something and such? And that means nothing to people. 516 00:30:50,759 --> 00:30:53,400 Thirty ships So you. 517 00:30:53,279 --> 00:30:55,440 Speaker 10: Have thirty seconds, but I have a half an hour. 518 00:30:55,720 --> 00:31:00,480 Speaker 1: Yeah, right, So to come up with something that fits 519 00:31:00,519 --> 00:31:02,559 in the comment line is we always like to play 520 00:31:02,559 --> 00:31:05,599 to comments, and it got to the point where yours 521 00:31:05,640 --> 00:31:09,720 were so uh so great, so on point that we 522 00:31:09,799 --> 00:31:12,920 always kind of reserved the last say for you. You 523 00:31:13,000 --> 00:31:16,079 got the you got the second comment line call that 524 00:31:16,119 --> 00:31:19,319 we played so that we ended the show with your 525 00:31:19,359 --> 00:31:24,839 with your comments. I but to do it, so did 526 00:31:24,880 --> 00:31:27,640 you time it? Did you know how many seconds you 527 00:31:27,640 --> 00:31:28,759 were you were eating up? 528 00:31:30,240 --> 00:31:33,720 Speaker 10: No? No, I never timed it. But the first time 529 00:31:33,720 --> 00:31:36,920 I called the comment line, the you know the the 530 00:31:37,160 --> 00:31:41,079 voice on there says, please keep your comments brief. So 531 00:31:42,200 --> 00:31:45,279 I wasn't sure what, you know, how brief brief was, 532 00:31:46,759 --> 00:31:49,319 but I just tried to I just tried to condense 533 00:31:49,359 --> 00:31:53,240 it really really quickly. And then once in a while 534 00:31:53,759 --> 00:31:56,640 your call screener would I think he would edit out 535 00:31:56,720 --> 00:32:00,279 a few maybe a few second gap or some thing 536 00:32:00,759 --> 00:32:04,079 to make it which was you know, those guys were geniuses. 537 00:32:05,039 --> 00:32:10,240 Speaker 1: Yeah, they really. That's their skill is editing the sound. 538 00:32:10,880 --> 00:32:14,000 And we don't like to edit something like the comments 539 00:32:14,000 --> 00:32:16,759 that you would make, but to fit everything in. If 540 00:32:16,799 --> 00:32:20,880 it was seventeen seconds and we needed twelve, we'd find 541 00:32:20,920 --> 00:32:24,960 five seconds to pull out. So it's but it's that precise, 542 00:32:25,319 --> 00:32:28,720 It really is, especially especially when you're backing into the 543 00:32:28,839 --> 00:32:31,880 end of the hour where everything has to come to 544 00:32:32,039 --> 00:32:36,079 a halt. So it's it's interesting. So how long have 545 00:32:36,119 --> 00:32:37,359 you been listening to the show? 546 00:32:37,640 --> 00:32:41,880 Speaker 10: Been a long long time. I was really disappointed when 547 00:32:41,920 --> 00:32:44,599 you moved to New York. I thought the whole show 548 00:32:44,680 --> 00:32:47,720 was going to change. But you were able to keep that, 549 00:32:49,119 --> 00:32:52,839 you know, the flavor of the show and make it 550 00:32:52,920 --> 00:32:57,839 work nationwide from what you had here in California. And 551 00:32:57,880 --> 00:33:00,920 that was that was amazing. I don't think you missed 552 00:33:00,920 --> 00:33:01,279 a beat. 553 00:33:02,240 --> 00:33:06,720 Speaker 1: I wasn't. I don't know if the word taught is right. 554 00:33:06,759 --> 00:33:10,480 But Rush Limbaugh and I were very close friends. And 555 00:33:10,519 --> 00:33:13,279 when he moved to New York and I had to 556 00:33:13,319 --> 00:33:17,880 fill in one hour of what he used to do locally. 557 00:33:18,599 --> 00:33:20,440 And I said, we were at lunch and I said, 558 00:33:20,680 --> 00:33:21,839 how do you what do you do? How do you? 559 00:33:21,880 --> 00:33:24,200 How do you do this? And he says, he says, 560 00:33:24,680 --> 00:33:27,880 there's no formula, just be yourself and and oh, by 561 00:33:27,920 --> 00:33:30,880 the way, I always try to find national stories to 562 00:33:30,920 --> 00:33:34,400 do even though you're broadcasting locally. And I took that 563 00:33:34,519 --> 00:33:37,319 to heart. That was the message that I took from him. 564 00:33:37,920 --> 00:33:40,440 So I even though if the if the sheriff shot 565 00:33:40,480 --> 00:33:43,039 the mayor, of course I would do that story locally, 566 00:33:43,839 --> 00:33:47,599 but on a national platform somebody I've always said, somebody 567 00:33:47,640 --> 00:33:51,880 in Nashville doesn't care about the mayor in California, they 568 00:33:52,200 --> 00:33:55,000 don't know, So you have to you have to skip 569 00:33:55,079 --> 00:33:58,920 over some of those stories. And I hated to do it, 570 00:34:00,079 --> 00:34:02,759 but at the same time, I basically just kept going 571 00:34:02,799 --> 00:34:05,359 on what I did out in California, where they just 572 00:34:05,359 --> 00:34:08,960 picked national stories, went with that. So there really wasn't 573 00:34:09,039 --> 00:34:13,519 much to adapt to. It just kept doing the same thing. 574 00:34:14,840 --> 00:34:18,599 Speaker 10: Yeah, well it was pretty seamless, but I just I 575 00:34:18,719 --> 00:34:21,880 so much enjoyed listening every day that was you know, 576 00:34:21,960 --> 00:34:25,239 out here, it's noon to three, so that was my 577 00:34:25,360 --> 00:34:28,239 afternoon pretty much. I get all my stuff done while 578 00:34:28,280 --> 00:34:31,679 the show was on, and something would catch my ear 579 00:34:31,719 --> 00:34:33,719 and I'd go, I I got to call in on 580 00:34:33,760 --> 00:34:38,559 that one. So and then once in a. 581 00:34:38,519 --> 00:34:41,679 Speaker 1: While, go ahead, Yeah, no, no, once in a while. 582 00:34:41,480 --> 00:34:45,360 Speaker 10: What oh, once in a while a topic would come 583 00:34:45,400 --> 00:34:47,400 up that I'd hear earlier in the day or a 584 00:34:47,440 --> 00:34:52,079 few days earlier, and it would just spark a song. 585 00:34:52,280 --> 00:34:55,920 So I would start, you know, putting lyrics together to 586 00:34:56,639 --> 00:35:00,519 nationally known tunes, and that was a lot of fun. 587 00:35:01,880 --> 00:35:05,360 Speaker 1: Yeah. I One of the one of the tricks of 588 00:35:05,400 --> 00:35:10,599 this trade is there's talk radio and there's news talk, 589 00:35:11,480 --> 00:35:16,599 and they're not the same. News talk is in the 590 00:35:16,639 --> 00:35:19,360 news today something and such just happened, and this happened, 591 00:35:19,400 --> 00:35:23,039 and that happened, and and you talk about the actual 592 00:35:23,119 --> 00:35:26,320 breaking news of the day. Some days the breaking news 593 00:35:26,360 --> 00:35:28,039 is big enough to where that's going to be what 594 00:35:28,079 --> 00:35:33,039 you do. But I prefer have always preferred, especially before 595 00:35:33,079 --> 00:35:36,360 the internet was where I found this. I would do 596 00:35:37,320 --> 00:35:42,960 yesterday's headlines, not today's, because yesterday you heard the news, 597 00:35:44,000 --> 00:35:47,239 and last night maybe you saw it on television news, 598 00:35:47,280 --> 00:35:49,880 and this morning you read it in the newspaper, and 599 00:35:49,880 --> 00:35:53,280 by the time I came on, you had an opinion. 600 00:35:54,440 --> 00:35:58,360 And that's what That's what I wanted, was people's opinions 601 00:35:59,039 --> 00:36:01,880 about the story reason I was presenting. So a lot 602 00:36:01,920 --> 00:36:04,719 of the times I violated all the rules of the 603 00:36:04,760 --> 00:36:07,360 news business, which is breaking news, breaking news, get it 604 00:36:07,400 --> 00:36:10,000 out there as soon as you can, and I would go, no, 605 00:36:10,119 --> 00:36:14,239 I'll do yesterday's headlines because people will think about it 606 00:36:14,280 --> 00:36:18,199 and have a chance to respond. That's That's been one 607 00:36:18,239 --> 00:36:21,440 of my little theories. I don't know if it works, 608 00:36:21,440 --> 00:36:23,360 but I think that's it did. 609 00:36:23,599 --> 00:36:26,519 Speaker 10: That was that was really, you know, a smart thing 610 00:36:26,599 --> 00:36:32,400 to do because people people do have opinions, and with 611 00:36:32,519 --> 00:36:35,960 the breaking news you get knee jerk reactions. Yeah, but 612 00:36:36,079 --> 00:36:39,599 with the headlines from yesterday, you get you know, I've 613 00:36:39,599 --> 00:36:41,239 been thinking about this and. 614 00:36:41,440 --> 00:36:44,199 Speaker 1: Thus and such, especially the ones, especially the ones that 615 00:36:45,360 --> 00:36:48,599 evoke an emotion. You're really happy or you're really mad 616 00:36:48,639 --> 00:36:52,159 about something, and I'm and I'm talking about it the 617 00:36:52,199 --> 00:36:54,320 next day and go, oh, I got to call him 618 00:36:54,760 --> 00:36:57,159 and tell them what I'm thinking. I learned that actually 619 00:36:57,159 --> 00:36:59,639 when I when I first started local television news, and 620 00:36:59,639 --> 00:37:03,280 they would end me out with a photographer to attack 621 00:37:03,320 --> 00:37:07,039 people on the sidewalks and ask them, you know, man 622 00:37:07,159 --> 00:37:08,880 on the street is what it's called, and asked them 623 00:37:08,920 --> 00:37:13,400 some question and you could see their brains were racking 624 00:37:13,440 --> 00:37:16,719 and going, oh, no, I got to say something profound. 625 00:37:16,760 --> 00:37:19,280 I'm going to be seen on TV tonight. I can't 626 00:37:19,280 --> 00:37:22,559 just say something stupid and so. But they would, but 627 00:37:22,599 --> 00:37:26,159 they would say what they thought they should say rather 628 00:37:26,239 --> 00:37:27,400 than how they really felt. 629 00:37:27,639 --> 00:37:33,880 Speaker 10: Mm hmm, absolutely, because ye know, when you're right there, 630 00:37:34,079 --> 00:37:35,719 you can't be anonymous. 631 00:37:36,519 --> 00:37:40,440 Speaker 1: No. And you know there's television camera back in those 632 00:37:40,519 --> 00:37:43,159 days had a big light on it and a red 633 00:37:43,239 --> 00:37:45,480 light would go on when it started recording, and so 634 00:37:45,960 --> 00:37:51,199 it intimidated some people. Oh I bet, yeah, so they 635 00:37:51,360 --> 00:37:53,400 they I never I felt like I got a really 636 00:37:54,639 --> 00:38:00,480 honest reaction from from Man on the Street interviews. Well listen, Laurie, 637 00:38:00,800 --> 00:38:04,079 don't be afraid to call in. We have the same 638 00:38:04,159 --> 00:38:08,480 phone number is still good eight five five two nine 639 00:38:08,599 --> 00:38:13,719 five sixty six hundred and leave a pithy comment of 640 00:38:13,760 --> 00:38:15,360 any kind what don't you like. 641 00:38:16,880 --> 00:38:20,159 Speaker 10: A pithy comment? You're not listing, are you? 642 00:38:20,199 --> 00:38:23,360 Speaker 1: No, I'm not. I'm I just don't speak. 643 00:38:23,440 --> 00:38:26,280 Speaker 10: Well, sorry that no, that was a bad joke. 644 00:38:28,199 --> 00:38:30,960 Speaker 1: Well, not a pithy is is? 645 00:38:31,079 --> 00:38:31,239 Speaker 6: Uh? 646 00:38:31,480 --> 00:38:38,559 Speaker 1: You know? A smart sharp comments like the ones that 647 00:38:38,599 --> 00:38:41,719 you've always given. I think it's great. You have a 648 00:38:41,800 --> 00:38:44,559 talent to do them. You do have a talent. 649 00:38:47,280 --> 00:38:51,039 Speaker 10: Oh you you are so kind and I so much 650 00:38:51,119 --> 00:38:53,639 enjoyed it. It was such a fun part of my day. 651 00:38:54,800 --> 00:38:58,119 Speaker 1: Don't stop. If you're thinking of something that is crossing 652 00:38:58,239 --> 00:39:01,000 your mind and you want to share it with us, 653 00:39:01,760 --> 00:39:03,840 go ahead and dial the number and it goes right 654 00:39:03,880 --> 00:39:07,119 to the comment line what we call the comment line. 655 00:39:07,159 --> 00:39:12,000 It's the same voice mail system, and leave your comment. 656 00:39:13,079 --> 00:39:14,960 I'd love to get I'd love to get some of 657 00:39:14,960 --> 00:39:15,719 those in play them. 658 00:39:16,000 --> 00:39:19,000 Speaker 10: Okay, I will, I'll lah. Will it still be like 659 00:39:19,000 --> 00:39:20,039 a thirty second thing. 660 00:39:21,480 --> 00:39:26,400 Speaker 1: That's a good question. You know, it doesn't have to 661 00:39:26,440 --> 00:39:32,159 be for technical reasons. We can go much longer because 662 00:39:32,159 --> 00:39:34,920 there's no one of the things that is hard for 663 00:39:34,960 --> 00:39:37,559 me to learn. After all the years in broadcasting where 664 00:39:38,239 --> 00:39:41,960 the clock was my master and I had to watch 665 00:39:42,000 --> 00:39:44,039 just back time into the end of the show. Now 666 00:39:44,039 --> 00:39:47,400 there's there's no into the show. It stops when we 667 00:39:47,559 --> 00:39:54,519 decide to stop. But your best talent is again bringing 668 00:39:54,599 --> 00:39:58,800 a concise comment or comments. But you yeah, yeah, definitely 669 00:39:58,880 --> 00:39:59,920 you can go longer if you. 670 00:39:59,840 --> 00:40:02,559 Speaker 10: Wan, I'll probably keep them pretty brief. 671 00:40:03,159 --> 00:40:04,199 Speaker 1: They're better that way. 672 00:40:04,280 --> 00:40:08,079 Speaker 10: But it's good to Yeah, I agree, you can. You 673 00:40:08,119 --> 00:40:12,079 can get a lot more said in a lot fewer words. 674 00:40:12,480 --> 00:40:16,840 Speaker 1: It's hard, harder, but I think it has more impact. 675 00:40:17,000 --> 00:40:22,639 So LORI thank you thanks for participating today as well. 676 00:40:22,679 --> 00:40:23,519 I appreciate it. 677 00:40:24,519 --> 00:40:27,480 Speaker 10: Oh Tom, it's been a pleasure talking to you. 678 00:40:27,480 --> 00:40:30,400 Speaker 1: You too, have a good rest of your day, you too, 679 00:40:30,679 --> 00:40:34,880 Thanks Lly, Bye bye bye. So with that we wrap 680 00:40:34,960 --> 00:40:39,360 up the podcast for today. The market's up one day 681 00:40:39,360 --> 00:40:42,480 down the next. Not a surprise that you'll get volatility 682 00:40:43,119 --> 00:40:45,960 when you have a war going on in the Middle East. 683 00:40:46,239 --> 00:40:50,440 But the market today down on the Dow two hundred 684 00:40:50,519 --> 00:40:54,800 ninety nine points lower to forty two thousand, two fifteen, 685 00:40:55,760 --> 00:40:59,000 SMP down fifty, the nasdack down one hundred and eighty, 686 00:40:59,559 --> 00:41:04,519 Gold down surprise, down ten dollars to thirty four oh six. 687 00:41:04,599 --> 00:41:08,280 But oil prices up one day down the next up 688 00:41:08,320 --> 00:41:12,960 today up three dollars and seventy cents to seventy five 689 00:41:13,079 --> 00:41:17,000 dollars and some change for one barrel of oil. Thank 690 00:41:17,039 --> 00:41:19,920 you for coming by today, and we will be back 691 00:41:19,960 --> 00:41:22,440 again to try it tomorrow. Hope to see you then