1 00:00:24,079 --> 00:00:27,719 Speaker 1: And hello, how are you welcome to the Big Podcast. 2 00:00:27,920 --> 00:00:31,320 It is Monday. Today's the twenty ninth day of June, 3 00:00:32,320 --> 00:00:35,560 Year of Our Lord, two thousand and twenty six. My 4 00:00:35,679 --> 00:00:40,840 name is Tom Sullivan, and well, we have a number 5 00:00:40,880 --> 00:00:42,520 of things to get to Dody. I want to also 6 00:00:43,240 --> 00:00:47,719 before I get started, a reminder, we posted our third 7 00:00:48,520 --> 00:00:54,840 Financial Friday episode on Friday, so there are three of 8 00:00:54,880 --> 00:00:58,840 them that are sitting there and it is You can 9 00:00:58,880 --> 00:01:06,159 find it by justin Tom Sullivan Financial Friday and you will. 10 00:01:06,239 --> 00:01:09,040 It will come up from wherever you get your podcast. 11 00:01:09,120 --> 00:01:12,719 But we put the third one up on Friday, so 12 00:01:12,760 --> 00:01:15,719 we're starting to grow that one from scratch as well. 13 00:01:15,920 --> 00:01:21,519 If you have a financial question about money, about investing, 14 00:01:21,599 --> 00:01:28,000 about banking, about insurance, about taxes, the phone number is 15 00:01:28,159 --> 00:01:33,319 eight five five two nine five sixty six hundred. You 16 00:01:33,400 --> 00:01:37,040 can find that phone number on my website, which is 17 00:01:37,079 --> 00:01:41,519 simply my name Tom Sullivan dot com eight five five 18 00:01:41,640 --> 00:01:45,079 two nine five sixty six hundred. So call and let 19 00:01:45,120 --> 00:01:48,760 me know what your money questions are or observations. I 20 00:01:48,799 --> 00:01:53,439 would love to have more to entertain for the for 21 00:01:53,480 --> 00:01:57,319 the next version of Financial Friday. So as far as 22 00:01:57,359 --> 00:02:01,159 today goes, we've been waiting for the Supreme Court and 23 00:02:02,760 --> 00:02:07,640 waiting for the Supreme Court. They're term actually expired on Friday, 24 00:02:07,879 --> 00:02:11,280 so they're in overtime right now. We got a couple 25 00:02:11,319 --> 00:02:14,120 of big ones today. There's two that we're still waiting 26 00:02:14,159 --> 00:02:17,960 for that are considered big ones, and they're now telling 27 00:02:18,039 --> 00:02:21,960 us that they're going to be tomorrow. One of them 28 00:02:22,240 --> 00:02:28,080 is birthright citizenship, the fourteenth Amendment of the Constitution, and 29 00:02:28,639 --> 00:02:30,680 how the Court's going to rule on that. A lot 30 00:02:30,719 --> 00:02:33,240 of people are already going, oh, they're going to not 31 00:02:33,439 --> 00:02:37,599 change it. The fourteenth Amendment will say anybody born in 32 00:02:37,639 --> 00:02:41,479 the United States is an automatic citizen. That's what the 33 00:02:41,599 --> 00:02:44,159 guess is. But the ruling will be tomorrow. And the 34 00:02:44,319 --> 00:02:48,520 other big ruling we've been waiting for, which will be tomorrow, 35 00:02:48,840 --> 00:02:57,919 is there's two cases involving trans rights about trans people 36 00:02:58,439 --> 00:03:05,000 boys as boys but now transitioned to female, about them 37 00:03:05,199 --> 00:03:10,680 participating in girls' sports. So those two cases regarding trans 38 00:03:10,800 --> 00:03:15,319 rights will be tomorrow, along with also birthright citizenship. But 39 00:03:15,479 --> 00:03:23,080 today we start off with about ballots and about the 40 00:03:23,080 --> 00:03:28,319 fact that male in ballots, how long after election day 41 00:03:28,680 --> 00:03:32,479 can the states count them? And this is so the 42 00:03:32,560 --> 00:03:36,879 Supreme Court came down with the decision that is in 43 00:03:37,000 --> 00:03:41,039 favor of mail in ballots, and they said, well, it's 44 00:03:41,080 --> 00:03:44,719 up to the states. States are the ones that run 45 00:03:44,879 --> 00:03:48,400 the elections, and they can come up with their own rules. 46 00:03:49,039 --> 00:03:53,159 Here's Shannon Bream who covers the Supreme Court with her 47 00:03:53,240 --> 00:03:54,000 rundown on it. 48 00:03:54,439 --> 00:03:56,840 Speaker 2: Right, guys, this is not a win for Republicans who 49 00:03:56,840 --> 00:03:59,599 were challenging this. Mississippi has a state law which allows 50 00:03:59,599 --> 00:04:02,520 ballots to be counted mail in ballots after election day 51 00:04:02,560 --> 00:04:06,199 if they come in they're postmarked and meet the state requirements. 52 00:04:06,240 --> 00:04:08,560 But is a five to four loss for Republicans and 53 00:04:08,599 --> 00:04:12,840 an interesting cobbling together of who wrote on this. Justice 54 00:04:12,840 --> 00:04:16,240 Barrett wrote the opinion. Justice Roberts joined her, along with 55 00:04:16,399 --> 00:04:19,600 Justices Sodomara, Kagan, and Jackson. So those five stuck together 56 00:04:19,639 --> 00:04:22,839 on this. The discent comes from Justice Alito. Thomas, Gorsich 57 00:04:22,879 --> 00:04:26,240 and Kavanaugh join him. And essentially, what the majority said 58 00:04:26,279 --> 00:04:30,040 is that these federal statutes setting election day don't prescribe 59 00:04:30,240 --> 00:04:32,600 or they don't stand in conflict with states that want 60 00:04:32,639 --> 00:04:34,879 to say, okay, we have a procedure to account ballots 61 00:04:34,920 --> 00:04:38,120 after election day. Justice Alito, writing for the dissent, is 62 00:04:38,199 --> 00:04:41,199 today's decision is inconsistent with the terms of the election 63 00:04:41,279 --> 00:04:46,279 day statutes, contemporary election law principles, two centuries of historical practice, 64 00:04:46,279 --> 00:04:48,879 and the case law on the question presented. So, if 65 00:04:48,879 --> 00:04:51,399 you're a state out there that counts ballots after election 66 00:04:51,480 --> 00:04:54,000 day based on your state law, that state law will stand. 67 00:04:54,120 --> 00:04:55,959 We wait on more opinions, now, guys, more to come. 68 00:04:57,519 --> 00:05:00,439 Speaker 1: Pretty simple, they said, it's up to the states, and 69 00:05:00,639 --> 00:05:03,720 if they set it up that you have to have 70 00:05:03,800 --> 00:05:06,879 the ballots at least postmarked by election day, but if 71 00:05:06,920 --> 00:05:09,439 they come in the next day, the day after, five days, 72 00:05:09,480 --> 00:05:12,560 ten days, it's up to the states to set those rules. 73 00:05:13,000 --> 00:05:21,199 So states like California, which are dragging their feet, this 74 00:05:21,480 --> 00:05:24,759 is basically saying it's okay, California, you can do that. 75 00:05:24,839 --> 00:05:28,480 Here's John you, former deputy Attorney General. 76 00:05:28,720 --> 00:05:31,480 Speaker 3: You're exactly right. Yeah, I mean, for your folks at 77 00:05:31,480 --> 00:05:33,879 home and for your hypothetical that's right. You get the 78 00:05:33,959 --> 00:05:39,160 ballot in on or before election day, you're good. But 79 00:05:39,519 --> 00:05:43,079 one other thing, and Shannon emphasized this in her description too, 80 00:05:43,360 --> 00:05:46,279 this is still up to the states. The Constitution allows 81 00:05:46,439 --> 00:05:48,319 each state to decide how Once you could live in 82 00:05:48,319 --> 00:05:51,000 a state like the one you were talking about before, 83 00:05:51,160 --> 00:05:53,240 where the state could say we got to get the 84 00:05:53,279 --> 00:05:56,000 ballot by election day. Those are all and we're going 85 00:05:56,000 --> 00:05:57,519 to count it by election day. I think that's what 86 00:05:57,560 --> 00:06:00,480 Florida does. That's okay. You can live in a state 87 00:06:00,519 --> 00:06:02,279 like my other state of California, which he says we're 88 00:06:02,279 --> 00:06:06,279 going to take thirty days to count. That's okay. Congress 89 00:06:06,319 --> 00:06:09,160 can fix that if it wants. A constitution doesn't prohibit that. 90 00:06:09,439 --> 00:06:12,920 But until Congress does, the Supreme Court is saying that's 91 00:06:13,000 --> 00:06:15,319 up to each state to decide for yourself. That's up, 92 00:06:15,360 --> 00:06:18,720 and you're hypothetical to each utility company to decide for you. 93 00:06:19,040 --> 00:06:22,399 This and this is generally how our constitution is hardwired. 94 00:06:22,800 --> 00:06:26,160 Most of the important decisions in life are really supposed 95 00:06:26,160 --> 00:06:28,480 to be up to the states. So if you don't 96 00:06:28,560 --> 00:06:31,199 like this rule, you can get your state legislature to 97 00:06:31,279 --> 00:06:33,000 change it. If you don't like this rule, you can 98 00:06:33,040 --> 00:06:35,000 move to if you don't like it in California, and 99 00:06:35,000 --> 00:06:38,519 the way we do business, move to Texas, moved to Florida, 100 00:06:38,680 --> 00:06:40,639 or maybe you like the other way. But our system 101 00:06:40,680 --> 00:06:43,519 depends on competing states and leaving them the discretion on 102 00:06:43,560 --> 00:06:44,639 how to decide. 103 00:06:44,279 --> 00:06:46,720 Speaker 1: And he makes. He makes one more observation about the 104 00:06:46,759 --> 00:06:51,120 Supreme Court. Now, lately, a lot of the Democratic socialist 105 00:06:51,560 --> 00:06:55,199 candidates have been talking about packing the court. In fact, 106 00:06:55,199 --> 00:06:58,480 all of Democrats mostly have been talking about packing the court. 107 00:06:58,639 --> 00:07:01,519 Speaker 3: Here's John You well, two other lessons I would just 108 00:07:01,600 --> 00:07:04,439 add to Shannon. One, this puts a lie to the 109 00:07:04,519 --> 00:07:07,199 idea that the Supreme Court is just there rubber stamping 110 00:07:07,240 --> 00:07:10,959 the Trump administration. Here, the Trump administration took a loss. 111 00:07:11,279 --> 00:07:13,240 And the second thing this puts a lie to is 112 00:07:13,240 --> 00:07:17,000 that you've got a six justice conservative block. Here he 113 00:07:17,079 --> 00:07:20,680 saw Justice Barrett and Chief Justice Roberts joining with the 114 00:07:20,720 --> 00:07:24,120 three liberal justices. One other point I would add in 115 00:07:24,160 --> 00:07:27,839 addition to Shannon's analysis is that this is not about 116 00:07:27,879 --> 00:07:31,879 the constitutional power. If Congress wanted to pass say the 117 00:07:31,920 --> 00:07:34,519 Save Act, which I know President Trump is pushing for, 118 00:07:34,800 --> 00:07:36,879 and wanted to set deadlines about the election is on 119 00:07:36,959 --> 00:07:38,480 this day and you know I have this much time 120 00:07:38,519 --> 00:07:41,199 to count, Congress could do that. All the Court here 121 00:07:41,279 --> 00:07:44,480 is saying is that when Congress set the day for elections, 122 00:07:44,720 --> 00:07:47,519 it was not passing any kind of rules about when 123 00:07:47,600 --> 00:07:50,399 and how you count those ballots. But Congress can do 124 00:07:50,439 --> 00:07:52,639 that under the Constitution if it wants to. 125 00:07:52,920 --> 00:07:55,519 Speaker 1: But Congress I don't. Can you see them agreeing to 126 00:07:55,600 --> 00:07:58,720 do that? I cannot, So don't hold your breath waiting 127 00:07:58,720 --> 00:08:01,079 for Congress to take an action on that. All right, 128 00:08:01,160 --> 00:08:05,000 A couple of the others, and this gets very confusing. 129 00:08:05,519 --> 00:08:09,560 There were two cases, one about Lisa Cook, who is 130 00:08:09,600 --> 00:08:12,759 a member of the Federal Reserve Board and Donald Trump 131 00:08:12,800 --> 00:08:15,800 wanted to fire her, and the Court stepped in and 132 00:08:15,839 --> 00:08:19,639 said no, she can keep her seat until this is 133 00:08:19,839 --> 00:08:24,000 completely adjudicated. Well, the Supreme Court came out and said, 134 00:08:24,680 --> 00:08:28,399 Donald Trump, you don't have the authority to fire Lisa Cook, 135 00:08:29,480 --> 00:08:33,679 a member of the Federal Reserve Board. There's another case 136 00:08:33,840 --> 00:08:38,240 involving Rebecca Slaughter who's on the Federal Trade Commission, and 137 00:08:38,279 --> 00:08:41,279 the Court came out and said, Donald Trump, you have 138 00:08:41,399 --> 00:08:46,120 the authority to fire Lisa Slaughter on the Federal Trade Commission. 139 00:08:46,480 --> 00:08:50,279 What wait a minute, which is it? So let's start 140 00:08:50,279 --> 00:08:54,440 off with the comments about about the differences between the 141 00:08:54,559 --> 00:08:58,559 two cases Lisa Cook at the FED and Rebecca Slaughter 142 00:08:58,600 --> 00:08:59,799 at the Federal Trade Commission. 143 00:09:00,080 --> 00:09:02,799 Speaker 4: The first case was a question of whether President Trump 144 00:09:02,840 --> 00:09:06,600 could fire Federal Reserve official Lisa Cook. This is arguably 145 00:09:06,600 --> 00:09:09,480 one of the biggest questions of the term, and arguably 146 00:09:09,519 --> 00:09:12,960 the Roberts Court, because a really asked the question of 147 00:09:13,000 --> 00:09:16,200 the extent of President Trump's executive power and the independence 148 00:09:16,240 --> 00:09:19,480 the Federal Reserve has from the White House. Here a 149 00:09:19,559 --> 00:09:24,080 really interesting group of justices, Chief Justice Roberts, Justice Cavanaugh, 150 00:09:24,360 --> 00:09:28,039 and the liberal justices all rule that President Trump cannot 151 00:09:28,240 --> 00:09:32,360 fire Lisa Cook. Now where you have to look closely 152 00:09:32,399 --> 00:09:34,159 at that decision though, to see if there is any 153 00:09:34,159 --> 00:09:36,519 wiggle room for her to her to be fired through 154 00:09:36,600 --> 00:09:40,080 emergency or other means. Now, in a similar case, but 155 00:09:40,159 --> 00:09:43,120 a little bit different, there were questions about whether Trump 156 00:09:43,159 --> 00:09:45,399 could fire a woman named Rebecca Slaughter. She was a 157 00:09:45,440 --> 00:09:48,919 commissioner at the Federal Trade Commission. She was fired by 158 00:09:48,919 --> 00:09:53,039 President Trump. She set off another battle about whether President 159 00:09:53,039 --> 00:09:55,559 Trump had the authority to do this. The difference here 160 00:09:55,679 --> 00:09:58,399 is that this is an agency within the executive branch, 161 00:09:58,440 --> 00:10:01,799 and here in a six' to three What President trump did. 162 00:10:01,919 --> 00:10:03,320 Win they're saying she can be. 163 00:10:03,399 --> 00:10:05,679 Speaker 1: Fired SO i, know at first, blushed it sounds like 164 00:10:05,879 --> 00:10:09,480 they're the, same but they're they're drastically. Different AND i 165 00:10:09,600 --> 00:10:15,200 totally agree with the court because The Federal reserve is 166 00:10:15,279 --> 00:10:19,080 not a branch of the not part of the executive. 167 00:10:19,120 --> 00:10:23,639 Branch it is an independent. Agency it was created By 168 00:10:23,720 --> 00:10:29,600 congress and it was to remain. Independent it is not 169 00:10:29,799 --> 00:10:33,639 funded By, congress it's not funded by the executive. Branch 170 00:10:33,639 --> 00:10:38,840 it's not funded by. Taxpayers it's a central bank of our. 171 00:10:38,919 --> 00:10:43,679 Country so does the president have power over The Federal. Reserve, 172 00:10:44,519 --> 00:10:48,000 No but when you go to The Federal Trade, commission 173 00:10:48,399 --> 00:10:53,600 that's just one of A brazilian government agencies that were 174 00:10:53,639 --> 00:10:57,720 set up by the government by the executive, branch and 175 00:10:57,799 --> 00:11:02,039 it's part of the executive. Branch and so the executive 176 00:11:02,200 --> 00:11:06,440 the president should have the power to have people run 177 00:11:06,600 --> 00:11:11,279 the agencies in his administration that he. WANTS i don't 178 00:11:11,320 --> 00:11:14,440 see what the conflict. IS i know it sounds. Similar 179 00:11:14,879 --> 00:11:19,480 But Rebecca, slaughter The Federal Trade commissioned lady who was, 180 00:11:19,519 --> 00:11:20,240 fired she's not. 181 00:11:20,360 --> 00:11:23,080 Speaker 5: Happy, yeah, ABSOLUTELY i, mean you do the right thing 182 00:11:23,120 --> 00:11:25,360 because it's the right. Thing and HAD i not brought the, 183 00:11:25,360 --> 00:11:29,320 case the president would have been functionally overturned. Anyway And 184 00:11:29,360 --> 00:11:32,320 i'd rather that people see what is very clear to, 185 00:11:32,360 --> 00:11:36,799 me which is The Supreme court working to hand affirmatively 186 00:11:36,919 --> 00:11:39,480 more power to the president and WHAT i think is 187 00:11:39,480 --> 00:11:43,480 a fundamentally inconsistent distinction that they try to draw between 188 00:11:43,759 --> 00:11:44,919 THE ftc and THE. 189 00:11:44,960 --> 00:11:45,720 Speaker 2: Fed and you. 190 00:11:45,679 --> 00:11:48,080 Speaker 5: See that in the fact that there were only two 191 00:11:48,240 --> 00:11:52,759 justices that joined. Both The, yes he can remove at 192 00:11:52,759 --> 00:11:55,039 THE ftc and know he can't remove it THE fed. 193 00:11:55,080 --> 00:11:59,919 Decision that's very difficult to swear, intellectually AND i think 194 00:12:00,639 --> 00:12:01,480 work speaks for. 195 00:12:01,559 --> 00:12:04,759 Speaker 1: ITSELF i don't know what she's talking. ABOUT i think 196 00:12:04,799 --> 00:12:10,159 it's simple to square, intellectually but that's where it, lays all. Right, 197 00:12:10,200 --> 00:12:12,000 Again so that's The Supreme court for the, day and 198 00:12:12,039 --> 00:12:17,399 tomorrow they've got the. Decision they're promising that Tomorrow Fourteenth, 199 00:12:17,440 --> 00:12:23,120 amendment the birthrights citizenship, case and also two cases involving 200 00:12:23,519 --> 00:12:28,080 trans athletes in women's. Sports so we'll get both of 201 00:12:28,080 --> 00:12:32,759 those for you tomorrow. Meantime, oh by the, Way Luigi 202 00:12:32,840 --> 00:12:37,039 Mountain Gioni luigi was his federal trial has now been. 203 00:12:37,120 --> 00:12:43,440 Set it's For january of twenty twenty. Seven what takes 204 00:12:43,480 --> 00:12:47,360 them so? Long that's better than six months from, Now but, 205 00:12:47,480 --> 00:12:50,120 anyway so that's what it. Is he's not going anywhere. 206 00:12:50,600 --> 00:12:52,879 Anyway by the time everything's said and, done it's going 207 00:12:52,919 --> 00:12:56,480 to spend the rest of his life in. Prison iran 208 00:12:57,039 --> 00:13:00,000 and the, war, WELL i don't know if you pay. 209 00:13:00,120 --> 00:13:02,480 Attention over the, weekend they were shooting at each. Other 210 00:13:02,919 --> 00:13:07,759 iron started shooting at, tankers and they were shooting In 211 00:13:07,919 --> 00:13:14,120 bahrain And, qatar and so we shot, back and we 212 00:13:14,120 --> 00:13:17,480 were firing weapons and at their missile launchers and things like. 213 00:13:17,519 --> 00:13:22,519 That in any, case so this, morning this, morning things 214 00:13:22,799 --> 00:13:28,600 seemed to be somewhat less. Intense but the president came 215 00:13:28,600 --> 00:13:32,200 out and, said no, problem the talks are back on. 216 00:13:32,360 --> 00:13:36,879 Track WHAT i don't understand about that is that the 217 00:13:37,840 --> 00:13:41,960 people In iran, said, no they're. Not so we're in 218 00:13:42,000 --> 00:13:44,519 the same boat we've, been where one size says one 219 00:13:44,559 --> 00:13:48,080 thing and the other side says something. Else they did 220 00:13:48,120 --> 00:13:50,759 a count on how many ships went through the strait, 221 00:13:50,840 --> 00:13:55,919 yesterday and forty two got through, yesterday but on a 222 00:13:56,039 --> 00:14:01,519 normal business day that would be one. Hundred the fighting 223 00:14:01,639 --> 00:14:08,120 continues In, lebanon but With israel fighting Has. Bulah despite 224 00:14:08,159 --> 00:14:11,799 the fact there's a ceasefire, agreement nobody's paying attention to, 225 00:14:11,840 --> 00:14:14,399 that And iran is demanding that if they're going to go, 226 00:14:14,480 --> 00:14:17,600 forward that there has to be a, ceasefire That israel 227 00:14:17,759 --> 00:14:22,799 And hezbollah have to stop their. Fighting so tomorrow apparently they. 228 00:14:23,039 --> 00:14:27,279 Are we'll see if this is. True but Apparently Steve 229 00:14:27,320 --> 00:14:31,919 whitkoff And Jared kushner are going to be meeting With 230 00:14:32,039 --> 00:14:36,639 iranian officials In doha. Tomorrow we'll find out if that 231 00:14:36,960 --> 00:14:41,840 actually takes place or. Not, MEANTIME i THOUGHT i wanted 232 00:14:41,840 --> 00:14:43,960 to mention this Because i've seen a lot of articles 233 00:14:44,000 --> 00:14:47,120 and a lot of people talking kind of quietly about. 234 00:14:47,159 --> 00:14:51,360 It but you know about the fact that The mayor Of, 235 00:14:51,480 --> 00:14:58,440 Chicago Zoran, mondani is going about the process of raising 236 00:14:58,519 --> 00:15:02,799 taxes on a lot of the property In New York, 237 00:15:02,840 --> 00:15:08,440 city especially the expensive high rise apartment, buildings and he 238 00:15:08,559 --> 00:15:12,200 also has passed the City council passed at his behest 239 00:15:12,919 --> 00:15:16,440 rent freeze for the next two, years and the buzz about, 240 00:15:16,440 --> 00:15:18,440 IT i don't know if it's getting talked about that 241 00:15:18,600 --> 00:15:23,360 much out Of New York, city but this is abundantly 242 00:15:23,720 --> 00:15:30,120 clear what he's, doing and what he's doing doesn't require 243 00:15:30,279 --> 00:15:34,840 anybody doing anything other than exactly what he has. Done 244 00:15:35,559 --> 00:15:39,840 so what he starts off with is he raises, taxes 245 00:15:40,919 --> 00:15:44,720 and the landlords of all these apartment buildings are going 246 00:15:44,799 --> 00:15:49,720 to have to pay. More, meantime they passed a rent 247 00:15:49,720 --> 00:15:53,519 freeze for two. Years so if you're a landlord of 248 00:15:53,559 --> 00:15:57,320 an apartment building and your taxes are going, up but 249 00:15:57,440 --> 00:16:02,159 you can't raise your. Revenue so what this now will 250 00:16:02,159 --> 00:16:10,279 do is create an opportunity where the landlord's getting financially. 251 00:16:10,360 --> 00:16:16,279 Squeezed they can't pay the increased. Taxes the city then 252 00:16:17,200 --> 00:16:21,480 comes after the property for the, taxes forecloses on the, 253 00:16:21,519 --> 00:16:26,360 property and the city takes the property away from the. 254 00:16:26,440 --> 00:16:32,480 Landlord and hence you have you impose massive. Fines they 255 00:16:32,519 --> 00:16:37,080 can't pay, those you seize the, property and then they 256 00:16:37,080 --> 00:16:39,440 can't pay the, fines they can't pay the, taxes you 257 00:16:39,480 --> 00:16:42,480 won't let them raise their. Revenue next, thing you, know 258 00:16:42,720 --> 00:16:45,679 this is going to fit right into What Ma'm donnie's talking, 259 00:16:45,720 --> 00:16:50,519 about which is he wants to take control of private 260 00:16:50,600 --> 00:16:58,639 property for the. Government it Is step one organized tenants 261 00:16:58,639 --> 00:17:02,480 to file dozens and dozen of complaints about the. Landlords 262 00:17:02,519 --> 00:17:07,400 step two lay all kinds of fines on the. Landlord 263 00:17:08,559 --> 00:17:12,599 step three used the outstanding debt with the city for 264 00:17:13,519 --> 00:17:16,200 bankruptcy court to have the buildings turned over to the. 265 00:17:16,240 --> 00:17:20,839 City and that is how private property will be stripped 266 00:17:21,200 --> 00:17:28,119 from private owners for the politically active Socialist Democrat Socialist. 267 00:17:28,240 --> 00:17:34,000 Party that is how it's going to. Work it's clear 268 00:17:34,119 --> 00:17:37,839 as pie to. ME i, mean there's nothing THAT i 269 00:17:38,119 --> 00:17:41,279 surprises me about any of, this which is kind of. 270 00:17:41,319 --> 00:17:44,960 Sad then the other STORY i did want to get to. 271 00:17:44,960 --> 00:17:51,039 Today i've been meaning to bring this, up but The 272 00:17:51,079 --> 00:17:56,160 Wall Street journal WAS i guess this was On, friday 273 00:17:56,400 --> 00:18:02,119 wrote an article all Of Gavin newsom's donors and the 274 00:18:02,279 --> 00:18:06,039 sub headline is the governor his wife In california's behested. Payments, 275 00:18:06,079 --> 00:18:09,559 Remember Gavin newsom came out a week ago and he's 276 00:18:09,599 --> 00:18:13,839 thought to get ahead of the news about A Justice department. 277 00:18:14,039 --> 00:18:18,880 Probe no, indictments nobody's charging anybody with any. Crimes but 278 00:18:18,960 --> 00:18:23,720 he did a video in which he Said trump is 279 00:18:23,759 --> 00:18:27,799 coming after, him and he's coming after him by coming 280 00:18:27,880 --> 00:18:32,559 after his. Wife isn't that? Terrible he's going after my 281 00:18:32,799 --> 00:18:38,799 little old. Wife, well, no she's not. Old so there's 282 00:18:38,799 --> 00:18:42,359 no doubt That Donald trump has Said i'm going to do. 283 00:18:42,440 --> 00:18:45,960 Retribution there's no doubt That Donald trump has gone after 284 00:18:46,559 --> 00:18:50,720 his enemies or perceived. Enemies but what The Wall Street 285 00:18:50,799 --> 00:18:56,119 journal reports is that that may not be the case 286 00:18:56,240 --> 00:19:03,920 With Gavin newsom because the public details are, Few but 287 00:19:05,240 --> 00:19:10,200 what's going on is a pay to play. Politics that's the. 288 00:19:10,480 --> 00:19:15,960 Accusation it's not an illegal, accusation it's one that it, 289 00:19:16,160 --> 00:19:19,079 smells let me put it that. Way and the fact 290 00:19:19,160 --> 00:19:23,759 That Governor newsom has leveraged his power to get businesses 291 00:19:23,799 --> 00:19:31,599 to cough up cash for his wife's. Causes two beneficiaries 292 00:19:31,720 --> 00:19:37,240 are nonprofits founded by his, Wife Jennifer. Sebel one of 293 00:19:37,279 --> 00:19:41,319 them that she runs is called The Representation project and 294 00:19:41,400 --> 00:19:46,039 the other one is The California Partners. Project she has, 295 00:19:46,160 --> 00:19:49,640 collected according To The Wall Street, journal more than one 296 00:19:49,720 --> 00:19:54,640 point nine million in compensation from the first. ONE i 297 00:19:54,680 --> 00:19:57,960 don't know about the second one and what they. Do 298 00:19:58,119 --> 00:20:03,640 The Representation project produces left wing, videos one called The 299 00:20:03,640 --> 00:20:08,920 Great American, lie and then she licenses it To it's 300 00:20:09,000 --> 00:20:13,240 the film that she makes to, schools and the, schools, 301 00:20:13,920 --> 00:20:16,200 well what choice do they. Have the films have been 302 00:20:16,240 --> 00:20:24,720 funded in part by various hostages businesses In, california so 303 00:20:24,880 --> 00:20:28,960 contributions to this project went up thirty percent the first 304 00:20:29,039 --> 00:20:32,200 year That Gavin newsom said that he planned to run for. 305 00:20:32,279 --> 00:20:37,400 Governor all. Right they've also raised more than eight hundred 306 00:20:37,480 --> 00:20:42,640 thousand from companies Like investor owned UTILITIES pg AND, E 307 00:20:43,359 --> 00:20:49,559 at AND, T, comcast And, Kaiser, permanente the big healthcare Company. 308 00:20:50,640 --> 00:20:54,440 California American, water a private water and sewer, company gave 309 00:20:54,480 --> 00:20:58,920 ten thousand dollars to The Representation project as it was 310 00:20:59,519 --> 00:21:06,119 coincidentally seeking state permits to build a desalination. Plant and guess, 311 00:21:06,359 --> 00:21:10,519 WHAT i hope you're sitting down they receive those. PERMITS 312 00:21:11,960 --> 00:21:15,160 pg AND, e the big utility in Northern, california was 313 00:21:15,200 --> 00:21:19,359 identified as a producer in the credits for these two 314 00:21:19,920 --> 00:21:25,440 films That Jennifer sybel. Made so this goes on and 315 00:21:25,519 --> 00:21:29,920 on And, oh by the, way the lobbyist FOR pg AND, 316 00:21:29,960 --> 00:21:35,960 E Brandon, hernandez previously sat on The Representation project's, board 317 00:21:36,559 --> 00:21:40,680 acted two Of newsome. Staffers so that's what they're looking. 318 00:21:40,720 --> 00:21:45,640 At it smells the high. Heavens it. Is why don't 319 00:21:45,759 --> 00:21:50,559 you give some money to my wife's projects so she 320 00:21:50,759 --> 00:21:55,839 can make some money off of? That wink, Wink oh 321 00:21:55,880 --> 00:21:59,039 you have business before the? State well, no, no, no 322 00:22:00,119 --> 00:22:03,680 just just if you. Would here's my wife's business. Card, 323 00:22:05,119 --> 00:22:10,400 so according to The, Journal newsom has raised over three 324 00:22:10,480 --> 00:22:16,079 hundred and fifty million dollars in such payments since twenty, 325 00:22:16,119 --> 00:22:19,720 eleven most of which poured in since he became. Governor 326 00:22:20,319 --> 00:22:23,960 this is the way these these politicians. WORK i think 327 00:22:23,960 --> 00:22:26,640 this was a lot of it smelled similar To Joe 328 00:22:26,640 --> 00:22:31,240 biden and do business with my, son would? You And 329 00:22:31,319 --> 00:22:33,559 i've told you, before if you take a look at 330 00:22:33,599 --> 00:22:38,160 members Of congress or staff members in A White, house 331 00:22:38,160 --> 00:22:42,279 doesn't pick whatever, administration whatever year you, want find out 332 00:22:42,319 --> 00:22:46,440 who they're married, to and you will see there's a 333 00:22:46,480 --> 00:22:50,039 lot of quid pro, quo a lot of money going 334 00:22:50,079 --> 00:22:54,839 back and forth between the spouse of elected. Officials and 335 00:22:55,720 --> 00:22:59,400 the lobbyists know how to play this. Game they just 336 00:22:59,519 --> 00:23:03,079 do and so this is nothing new for, them and 337 00:23:03,119 --> 00:23:07,279 they go about the process of handing over the. Money 338 00:23:07,319 --> 00:23:12,599 so that is why there have been, investigations and it 339 00:23:12,680 --> 00:23:19,799 started Before Donald trump about the money that he collects 340 00:23:19,880 --> 00:23:25,400 for his. Wife in twenty, TWENTY covid was Going the 341 00:23:25,440 --> 00:23:29,720 governor's office raised forty two million dollars to PROMOTE covid public. 342 00:23:29,839 --> 00:23:36,400 Awareness twenty three million of that went to one of 343 00:23:36,440 --> 00:23:42,920 the biggest political advertising firms out, THERE, gmmb founded By Jim, 344 00:23:43,039 --> 00:23:46,559 margolis who is a major power broker in The democrat. 345 00:23:46,640 --> 00:23:49,960 Circle so it's this kind of you give money to 346 00:23:50,079 --> 00:23:53,039 these people and guess, What you're going to get favorable 347 00:23:53,079 --> 00:23:59,000 treatment from my. Administration so that's a lot OF i 348 00:23:59,039 --> 00:24:01,599 wanted to bring this out because a lot of people 349 00:24:01,680 --> 00:24:08,119 are talking about, it And newsom is going to have 350 00:24:08,160 --> 00:24:09,680 a field because he's going to be able to go 351 00:24:09,680 --> 00:24:12,759 out there and Say trump's after, me and it does. 352 00:24:12,960 --> 00:24:17,200 It it's perfect Because trump does go after his, enemies 353 00:24:18,359 --> 00:24:21,880 but it's this one's has a little different shade to. 354 00:24:21,920 --> 00:24:24,279 It let me put it that. Way and then one 355 00:24:24,319 --> 00:24:28,039 more for today before we get out of. HERE i 356 00:24:28,039 --> 00:24:34,000 don't know how we solve. This but In, alaska one 357 00:24:34,039 --> 00:24:37,279 of the state one of the state Senators Lisa, Rakowski. 358 00:24:37,480 --> 00:24:43,000 Republican the other state senator For alaska Is Dan, sullivan no, 359 00:24:43,119 --> 00:24:48,440 relation who is A? Republican all, Right so the Two, republicans, 360 00:24:49,119 --> 00:24:54,240 well a guy all of a sudden showed up on 361 00:24:54,440 --> 00:24:57,119 the ballot and put his name in to be a 362 00:24:57,160 --> 00:25:03,519 candidate running for senator From. Alaska and his name Is Dan. 363 00:25:03,680 --> 00:25:08,200 Sullivan wait a, minute he just Said Dan sullivan is 364 00:25:08,240 --> 00:25:11,599 one of the sitting. Senators, yes and he's up for. 365 00:25:11,759 --> 00:25:17,640 Election so some other guy Named Dan sullivan is running 366 00:25:18,359 --> 00:25:24,079 on the, ballot and so they went to court on 367 00:25:24,279 --> 00:25:28,599 this to challenge, that saying this is just to confuse the, 368 00:25:28,720 --> 00:25:34,680 voter and a superior court judge In alaska overturned the 369 00:25:34,720 --> 00:25:39,920 director of elections who disqualified this other guy and said, no, no, 370 00:25:39,920 --> 00:25:42,279 no he can. Run SO i don't know what people 371 00:25:42,359 --> 00:25:45,519 are going to. Do you look on the ballot and 372 00:25:45,559 --> 00:25:47,920 you See Dan. Sullivan you want to vote For Dan, 373 00:25:47,960 --> 00:25:50,559 Sullivan but Which wait a, minute there's two of. Them 374 00:25:51,400 --> 00:25:58,720 which one do you vote? For so it's the JUDGE 375 00:25:58,960 --> 00:26:03,640 i think is playing, games because this is absolute confusion 376 00:26:05,000 --> 00:26:08,079 for the. Voters if you're a voter In, alaska what 377 00:26:08,119 --> 00:26:10,880 are you going to? Do how do you make a. 378 00:26:11,000 --> 00:26:16,200 Choice So Dan, sullivan the sitting, senator has accused the 379 00:26:16,279 --> 00:26:20,200 other guy of working With democrats and the campaign of 380 00:26:22,240 --> 00:26:27,680 Former Congresswoman Mary, peltola who is being she's running For 381 00:26:27,759 --> 00:26:30,319 senate for The demo she considered to be the main, 382 00:26:30,359 --> 00:26:35,400 opponent and they Think Senator Dan sullivan, says, yeah well 383 00:26:35,400 --> 00:26:37,960 she just found this other guy Named Dan sullivan and sit, 384 00:26:38,079 --> 00:26:42,680 here sign up and run For senate at this, time and, 385 00:26:42,759 --> 00:26:45,400 boy that'll confuse everybody and then it will split the 386 00:26:45,480 --> 00:26:48,920 vote and then she will be the. Winner talk about 387 00:26:49,599 --> 00:26:54,359 it's clearly dirty. Politics why can't They why can't they 388 00:26:54,400 --> 00:26:57,359 come to a better decision than a court saying, yeah 389 00:26:57,359 --> 00:27:02,920 they can both run unless the judge is dirty. Himself all, 390 00:27:03,039 --> 00:27:07,720 Right Wall street did just find today The Dow Jones 391 00:27:07,759 --> 00:27:10,480 industrial in fact more than just fine for the first time, 392 00:27:10,759 --> 00:27:14,920 ever new record high above fifty two, thousand up three 393 00:27:15,039 --> 00:27:18,559 hundred and six today to close it fifty two thousand 394 00:27:18,559 --> 00:27:21,880 and one point eight two s and p up eighty 395 00:27:21,920 --> 00:27:27,279 six The. Nasdaq the mag, seven The magnificent, seven the 396 00:27:27,279 --> 00:27:31,240 big tech stocks that were leading the last few months 397 00:27:31,519 --> 00:27:35,920 are recovering very quickly, today up five hundred and twenty 398 00:27:36,000 --> 00:27:39,400 two on The. Nasdaq the price of gold fell sixty 399 00:27:39,440 --> 00:27:43,599 five dollars down to four thousand and, thirty and oil, 400 00:27:44,319 --> 00:27:48,480 again the shooting at each other doesn't. Help oil prices 401 00:27:48,519 --> 00:27:50,480 went up a little more than a buck now at 402 00:27:50,839 --> 00:27:53,440 about seventy, dollars a little more than seventy dollars for 403 00:27:53,559 --> 00:27:57,200 one barrel of. Oil that's it for, Today thank you 404 00:27:57,359 --> 00:28:00,440 for coming. By we will be back again to tomorrow 405 00:28:00,559 --> 00:28:01,960 AND i hope to see you that