Speaker 1: And Hello, how are you welcome, one and all to
the Big Podcast on this Thursday. Today is the second
day of July year of our lower twenty twenty six.
My name is Tom Sullivan. And here we go. I mean,
we've got we're down to. Tomorrow is the third, but
it is the day that we recognize America's Independence Day holiday.
So tomorrow is a holiday. Then big three day weekend
with the fourth on Saturday Sunday, and back to work
next Monday. But in the meantime we've got a number
of things to go over. Some of it's serious, some
of it's kind of silly. I mean there's there's the
Swifties are going crazy because of Taylor Swift maybe getting married.
I think it looks pretty pretty solid like she's going
to get married tomorrow. There were some people up on
top of the very deppy top of the spire of
the Empire State Building that are just that's what they do.
And they and the guy proposed of as a guy
in a gall guy proposed to the woman that was
with him. Janine Piro has got a grand jury indictment
against the guy, David Hearn, the olympian who she's charging
him with destruction of government property of felony. He could
spend ten years in prison. She's going after him. We'll
go into wall of that, but I want to start
with the Socialist Democrat Socialist movement because it really is
getting the attention of everybody, Democrats and Republicans, and it's
interesting to watch because it's kind of a whole new,
whole new party, but they're trying to they're trying to
inject themselves into the Democrat Party, but they're not. They
really don't represent what the Democrat Party has represented in
the past. So I want to get into all of
that with you as well. Oh and Mitch McConnell, he's
eighty four years old. Apparently the news is just coming
out that about a week or two ago, nine one
one was called for ambulance to his home in DC
and that the reporting that is not confirmed is that
they were dispatched for cardiac arrest. So whether or not
Mitch McConnell had a heart attack or not, we don't know.
But he's not running for re election. But this is
a nine one call to his home a week or
two ago, we don't so it's very vague, but good
old Mitch I've met him a few times. He's a
very nice man. I feel bad for the guy. All right,
let's start with the DSA. Then let me give you this.
There was a candidate in Wisconsin, now we know about
this past Tuesday. There was the candidate in Colorado. Denver
area represented a congressional candidate and the woman that represented
that area has been there for thirty years in that office.
And that part of Denver is a very blue part
of Colorado. And the woman that was running for re
election to get it was their last name, is considered
a pretty progressive Democrat. She wasn't progressive enough. So they've
got this new woman that stepped up twenty eight, twenty
nine years of age, a PhD student. She doesn't have
a PhD. She is a lawyer. Her parents came. I
start to think yesterday I said they came from eg
They came from Ethiopia when she was a baby. And
she is died in the wold Socialist So people are
starting to take a look around and the numbers. We
haven't been talking about all of them that have been elected,
but apparently at this point, twenty eight Democrats socialists have
been elected in the primaries they're not members of Congress,
but they're they're on their way for many of them.
While there's another one running in Wisconsin. She is running
for governor. And the guy who sat down I think
it was a podcast of some kind, but this is
Hassan Pike, who's also a socialist, and he was asking
her twenty questions about what does she believe or not believe.
So I thought this is a pretty good checklist for
people that want to know, are you a Democrat, socialist?
Yes or no? Here's how you would answer the questions.
Speaker 2: Do you support repealing Act ten?
Speaker 3: Yes?
Speaker 2: Universal childcare yes, free school meals yes, Guaranteed pay leave yes,
abolishing ice yes, a one year data center moratorium yes,
breaking up a big ag yes, public grocery stores yes,
right to repair yes, legalizing cannabis yes, overturning Citizens United yes,
a worker's Bill of Rights yes, a free Palestine Yes.
Speaker 1: Well that was pretty quick, but it was that's what
the that's what she's for, and she's wanting to be
Wisconsin governor. I don't know if she has much of
a chance. I doubt it, but I don't want to
adapt the whole movement because there is a movement going on,
and I stop and I think, how are they going
to get done what they want to get done? Well,
this is how something starts. You may not win the
first round, you may not win the second, third, fourth round.
But if they can get more and more and more
of them elected, and they are a majority in the
House of Representatives of the Senate, they and they sponsored
somebody to run for president. I mean, this could be
something twenty years down the road, maybe five years down
the road, but they're on. They're on a march, and
there's no question about the fact that this is a
radically different way. And then you stop and think, why
are they doing this? Well, I've mentioned this before, I'll
repeat I'm repeating myself a little bit. But there's a
lot of young people that over the last decade or
so have have gone to school, come out college or
no college, and they look around and they're having trouble
finding a job, a good job, a job that pays
them a good salary, and they're scratching their head, going, well,
this is capitalism. Why if this is capitalism, what's so
good about capitalism? I can't afford my groceries, I can't
afford to buy a house. I can't get a good job.
I can't and they go down the list of well,
why don't we try something different. And that's what all
of this is is they're looking for change, change, change, change.
They've been doing this for quite some time. Barack Obama,
I've told you many times. On his exit interview, at
the end of eight years, he said he got elected
on hope and change, and at the end of his
eight years he says, people are still angry and they
still want change. They wanted change enough to where they
elected Donald Trump. That was I know, radical. I mean,
everybody thought Hillary was going to win, but nope, people said,
I want a change. Well, so they don't like Trump
after four years, so they go, okay, let's try Grandpa.
He seemed like a nice placeholder. He said all the
moderate things, even though later when he got into office
he went left. But he said all the moderate Democrat things,
and he got elected and people were mad at him
after four years that I still I'll go back to
that crazy Donald Trump because at least he's doing things.
You may not like him, but boy, that's changed. I mean,
you got to admit whether you like Trump or don't
like Trump. He is a change agent in a big
every day he's a change agent. So he's turned out
at the end of the four years. Theoretically, no, I
think he's packing up at the end of four years.
So now they're looking around for now, what are we
going to do. We're going to go back to the
establishment Republican or the establishment Democrat. And I'll tell you
who's mad. A lot of Democrats are mad. Let me
play this guy for you. His name is Bobby Bartel.
He is the head of the steam Fitters Union in
New York City. These are the hard hat guys. These
are hard working union guys. And this is what he's
say thinking about regarding the Democrats socialist, Well.
Speaker 4: The Democrat Party is going so far left and they're
supposed to be the working people's party. Right now they're
the immigrants criminals, and everybody that doesn't want to work
party said, we do not align with them when we
work hard for our jobs. We want all taxes to
go for us, for American citizens, not for illegal immigrants.
We don't align with no borders, we don't align with
no police, we don't align with given everybody, you know,
whatever they're looking for, and you know recently, I just
heard Kristin Jill Brand and a Keem Jefferies saying they
have a large tent. They want to invite everybody into
their tent. Well, why wouldn't they want to invite everybody
into that tent. They opened up the borders to let
everybody in for four years. My personal opinion and my
member's personals opinions are they should fold that tent up,
pack it back up, and get rid of them. Because
we've just let some Democrats know that we've backed for years,
we're not backing them anymore. I just called up two
congress one congressman, one congresswoman, we're not backing you anymore.
Speaker 5: How do they respond?
Speaker 4: I don't know why. I said, because of what you
are saying out in the paper. And one guy was
a cop. I said, you're arrested American citizens for breaking
the law, but you don't want to deport illegal immigrants
that are breaking the law to come here.
Speaker 1: Yeah. That's a very powerful union official here in New
York City, And if he's thinking that way, I think
there's a lot of union officials across the country that
are probably committing about the exact same thing. Here is
a democrat socialist who was being interviewed about what is
it that you social democrats socialists want.
Speaker 3: We believe that right now we have as open borders
for capitalists, for CEOs, we have a people who run
major companies that have hauled out cities all over the country,
taking jobs out out of communities, outsourcing jobs, pushing trade
deals that are bad for workers. So we would not
have open borders tomorrow. But we want a world in
which all breaking people are taking care of every basic
necessity so that we don't need a militrized border.
Speaker 1: So it's the same sort of mantra about no borders,
no prisons, no police. Well, let's go back to Bobby Bartel.
Speaker 4: Well, we need borders because as far as the union
members concerned, they're not only my union, many of the
locals and the building trades of New York have fed
up with it. Illegal immigrants coming here with no borders,
just flowing into the country. They're lowering the wages and
taking jobs of the American people.
Speaker 1: Yeah, and that's the same thing I'm hearing from lots
and lots of union leaders around the country. As far
as Carl Rove, he keeps track of everything, everything Democrats
and Republicans. He's a Republican, but this is his analysis
of what's going on with the DSA. Well, the Pew
poll is interesting also from the perspective of who are
the people who are the biggest opponents of DSA. They're
the most loyal Democrats, Black Southern Democrats. James Carville famously says,
they're just not liberal, and this poll shows they art
they reject the DSA approach more than anything else. But yeah,
it's interesting to me. They're winning in deep blue places.
This is what the general election was in twenty twenty
one point five. We're in a narrowly divided country. Where
are they winning these primaries by and large New York.
In New York, Donald Trump in the seventh district got
nineteen point three percent of the vote, and the tenth
he got fourteen point one. In New York thirteen he
got eleven point one. This Colorado seat that they knocked
off the long time incumbent, Donald Trump got twenty one
percent of the vote. That's a very I mean, that
is the most liberal district in the state, the most
liberal parts of Denver. And my point is is that
what's going to be a real test is they also
nominated the DSA advocate in Colorado eight, which Donald Trump
won by two percent swingy district. Republicans took it away
from the Democrats. And is a Democrat socialist going to
be able to appeal to the suburbs of Denver? Well,
can you imagine if the Democrats do take the House,
they're likely to do so only by a small margin.
Can you imagine having twenty some out of these people
twelve that in this year plus AOC and elon omer
and et cetera, et cetera. What the devilment they will
have with the King Jeffries if he become speaker. You
think the Republicans had problems with the Freedom Caucus or
before them, the Tea Party, It's going to be nothing
like what the Democratic Socialists are going to create inside
the Democratic Caucus. Well, a former Democrat who switched to
become independent, Joe Manchin, who was the former Attorney General
of West Virginia. Then he was the governor of West Virginia.
Then he had a long career as the Senator from
West Virginia, and he left the Democrat Party and became
an independent. This is his reaction to the DSA.
Speaker 6: Yeah, both parties. You know, you have basically the MAGA
part of the Republican Party and you have the socialist
extreme left on the Democratic Party. They've been able to
take advantage of a closed system since the parties basically
want to control, and they control through the primaries. By
controlling primaries, these activists on both sides have taken over,
totally taken over because they're more enthused, they're more excited,
they're more engaged now because they don't like what's going on.
They can't buy a house, their credit is very difficult
to be to improve with a student that they have.
The cost of living is so high that basically just
the basics of groceries and your utilities and your food
and your transportation, it's more than most of them can
basically attain without help from their parents or grandparents. And
then you have on top of that no opportunities upward bound.
So they're you know, and I would say caution to
my Republican friends, because if they see you all benefiting
or doing extremely the largest of what's going on, it's
going to backfire. My grandfather always said, leave a little
meat on the bone for the next dog. So you've
got to have everyone rising up with you, and right
now these activists on both sides. You were talking earlier
about basically immigration, and the gentleman was telling you that
was that's really what gave Donald Trump his victory. And
I told the Democrats, Joe Biden, all of them, I said,
you cannot have a solumn at the border. We never
let people just come in and they're paying the price
for that. We had a bill in twenty thirteen, the
Bipartisan Bipartisan Greation Bill, Democrats and Republicans. If we to
pass that bill, you wouldn't have the problems. You wouldn't
have with the birthright citizenship because basically, with a good
immigration policy, you secure the borders, you stop people coming illegally.
They come illegally, you send them back immediately, and they
have to come the right way through. But you've got
to deal with about fifteen plus million people undocumented, and
we did that in the bill that allowed them to
work their way into citizenship. You need to do that
if you want to get paramilitary off the street.
Speaker 1: Did you hear his point? He's basically saying people are
disgusted with the Republicans and Democrats. They want somebody to
And this is one of the other problems these people.
The politicians have spent the last few decades trying to
tell people rely on the government, rely on don't rely
on yourself, don't rely on your family, don't rely on
anything other than us. The government will take care of you.
So people are looking for the government to help them out,
and they're finding out that the government isn't helping them
either party, and they're they're mad, and they're and they're
they're they're going to switch back and forth. This is
what's going to make it very difficult to predict what's
going to happen to political parties. Democrats and Republicans. How
are they going to fare? Because if you've got basically
angry people out there looking at Democrats and Republicans and
not liking either one of them, what are they going
to do? Who are they going to vote for? Are
they just going to sit home and let the activists
take control of their parties? UH stand by because it's
going to get even more interesting. One of the complaints
going around UH started yesterday. The president was all excited
about the new airplane that he's using. Whenever he's on
an airplane, that that airplane is air Force one. Well,
he had the guitar four hundred million dollar gift wink
wink repainted and the inside was they put in the
communication stuff for the president. But it's a luxury jet
and there were photos going around yesterday and he was
all excited about it. And that's him. He loves that
kind of stuff. And it's got a lot of gold
in it, and he you know, I don't know, everybody's
got their own style. That's all that gold stuff isn't
my style. But okay, fine. I hope when the next
president comes in, you know how, they go in and
rearrange the White House, take the furniture out, put new
furniture in for the new president. I hope they allocate
some extra time to take down all the gold. Yeah. Man,
that's ugly. But anyways, so now people, here's the mantra
that the Democrats are trying right away. Donald Trump is
corrupt because they came out with the with the earn
it with the political reports they're supposed to file for
twenty twenty five all politicians, all federal politicians, and Donald
try Trump made five well one point three one point five.
I've seen different numbers one point something billion last year,
and the biggest chunk of it was five hundred plus
million off of crypto. Well, I don't know if that's
anything new. I don't like it. But he also had
Trump University, which I thought was a waste of people's money.
He's had Trump stakes, He's had Trump water, He's had
a lot. He hawks anything and if it works, great,
he makes a lot of money. If it doesn't work,
then he moves on. So that's what this is. He's
doing the crypto thing. He sold a bunch of people
crypto coins that have dropped in dramatically in value. He
made five hundred and some million dollars where the people
who bought those crypto coins have lost ninety percent of
their investment. So this is a perfect silver platter for
the Democrats to say, ce ce see, he's corrupt. The
only thing is he's not on the ballot. And I
don't think there's anything. I don't think there's any surprise
on stuff that Trump does anymore. I think we know him.
And again he's got this track record of all these
goofy products he likes. But he it's him, it's his money.
He can do what he wants, and if you buy
into his products, you're taking a risk and you're a
big kid, so have ad it. So the Democrats be prepared.
They're going to be shouting corrupt, corrupt, corrupt, corrupt, and oh,
by the way, see you Republicans were shouting about how
Joe Biden was so corrupt. That's nothing. Look at Trump
and his sons. So Mark Short, who was the chief
of staff for Vice President Pence, was asked all about
this today. I thought his answers were insightful.
Speaker 7: Eric. I think that the president has enormous support, in
part because he's been so successful. I think one of
the things that captured the American's imagination twenty sixteen was
his promise to go drain the swamp. I think that
for a lot of people, they felt like he was
running against the Clinton machine, and then the deep state
came after him with the prosecutions. I think this is
troubling for a lot of his supporters because they don't
begrudge him making money. They think that that's part of
his story. But I think the notion that you were
I can't tell you how many rallies I went to
in twenty sixteen, and the biggest applause line was always
drained the swamp, and that's what I think American voters
wanted Donald Trump to do. And now it appears, you know,
the swamp is so inviting that he's he's bathing in
it with the sheikhs in the Middle East, with what's
happening with his crypto investments. That's going to, I think
create a lot of consternation for a lot of his followers.
I think it's going to continue to have problems for
other Republicans because presumably when Democrats take control at least
one chamber in November to launch investigations and Republican have
to explain why it was wrong for the Bidens and
okay for Trump. And now you've seen the Wall Street
journals editorialize, the New York Post, the Free Press, all
the conservative publications have all criticized that this is graft.
Speaker 1: Yeah, the last couple of days, especially some of the
conservative media have been very very critical of the corruption,
as they call it. So it's not only the Democrats,
but conservative newspaper Wall Street Journal, the Free Press, the
New York Post that's a Murdoch product. So it's a
Wall Street journal and they're going to town about how
this corruption with his sons is unconscionable and shameful, and
just criticizing him up one side and down the other.
But now that the primaries are mostly behind us, you're
going to see a lot of Republican officeholders who are
not going to be afraid of criticizing President Trump. So
it's going to get ugly between now in November, especially
on that because nobody liked corruption. They wanted President Trump
to drain the swamp, and it looks like he's write
smack dab in the deep end of the swamp.
Speaker 7: I don't know that it is. I think he's less
worried about it, but I think there's gonna be again
a lot of Republicans after the midterms. We're going to
have to explain this again. I'm not anyway excusing what
happened to Biden's I think there was one of the
things that helped propel the President back into the White House.
But to be consistent, Republicans shouldn't be able to criticize
this as well.
Speaker 1: Right, So we'll let that unfold as it may. But
let's get to the serious news. Some of the top
news of the day Swifties. I know you're all excited.
So the story is that Taylor Swift and Travis Kelchi
are going to get married tomorrow, and all of this
is coming down to rehearsal dinner is tonight and about
one hundred people are going to be going to that,
and then the wedding is tomorrow afternoon or evening somewhere
along there. And so it's that Madison Square garden and
they've been tracking all the people there contractors that are
loading things into the garden. They're gonna make it. Ah,
you think, well, who wants to get married at the
Madison Square Garden. They're going to make it into a garden.
It's gonna I'm sure it's gonna beautiful. They both have
a lot of money, so they're going to spend a
fortune on this whole thing. But rehearsal dinner is this evening,
one hundred people. Uh, if you if you've got an invitation,
you better hurry up Tomorrow. The wedding about a thousand people,
and uh, it's just it's silly. It's being a silly
business in New York. So and speaking of love, so
yesterday there was a couple, man and a woman and
they apparently have been longtime partners and they do dangerous stunts.
And they went they bought a ticket to go up
to the observation deck at the Empire State Building. Yeah,
you got to buy a ticket. They you can't get
anything for free in New York. So they went up
there and then this was around closing time, and they
apparently they have they scooped that whole thing out. They
hid and once the Empire State Building was shut down
for the tourists, they went and started up climbing. Apparently
they knew how to get through some doors that were locked,
started climbing the spire all the way to the top
and unfa basically unfurled a flag. What did that flag say?
It was something about love. Oh, I had it here
a little while, I must have oh here it is
the power of love beats the love of power. The
world knows love. So then once they did they unfurled
that whole thing. They the guy got down on one
knee and proposed marriage to the woman that helped him
put that. Climbs tall buildings like that, it's crazy. Juliette
Kai Am former FBI lady. Yes, she's not having any fun.
Speaker 8: Yes, I mean, you know, I'm all for love, you know,
but this was reckless to a lot of people. I
was thinking yesterday, just as in a side like wait
till they find out that a lot of marriage is
to who was picking up the paper towels, you know,
a target like this is it's all downhill from here
if this is their idea of an engagement. And the
reason why is because this is this was dangerous to them.
I'm going to put them aside because they went to
the risk. It did two things. One is, if anything
had gone wrong, something false, even like they had that
camera with the Instagram where they were holding for the
for the live feed, if that had fallen at the
velocities that it would have fallen, it could have flattened
a car. So you're looking at a risk of the
people below. The other is, of course, the you know,
the sort of distribution of resources that this required. You've
got in New York looking at July fourth, the World
Cup Games, as well as of course the terror swift wedding.
The pressure on the resources is it had to be
diverted for I mean, you know, as as as the
New York Police Department guy said, for these geniuses right,
and so we need to look at it in terms
of what could go wrong, and they should be criminally charged.
This is no joke.
Speaker 1: I don't know this woman. She sounds like I've been
impressed with her national security background and information, but she
does sound like an unhappy married woman. Maybe she's not married.
I don't know her. If she's married, I think she's
an unhappy married woman. If she's not married, I think
there's a good reason for In any case, I mean
she when she said, yeah, so you have to understand
after the engagement, it all goes downhill. From there. You
got to stop by target and pick up the paper talls.
And I'm thinking, so that's her view of an engagement,
and then comes the wedding, and then usually comes happiness,
and you spend your life together.
Speaker 2: Yes, you do.
Speaker 1: Daily chores. But in any case, and here's the other
thing about her comment, which makes no sense to me.
So you're on the you're you're in the Empire State Building.
They got a big observation deck. They went to that.
Then they went up, they climbed up the spire, the
little heapy top of the thing. It's a it's a
fraction of the size of the building and the and
the the observation deck, so if you drop something from there,
it wouldn't have hit the stree, it would have hit
the observation decked a few feet down, and it was closed,
so nobody was there. So she and then to charge
him with I'm sorry. Well, even as so she was
talking about the problems for the NYPD, they they're going
to have. I'm sure a bunch of them are going
to pick up some nice checks because they're going to
be hired for security around Madison Square Garden for the
Swifty wedding. But here's Jessica Tish, the Commissioner of the NYPD,
giving a rundown to the media about NYPD activities over
this weekend.
Speaker 5: Before I close, and a briefing about major events happening
this weekend in New York City. I would be remiss
not to mention an event that we are tracking at
Madison Square Garden on Friday night. The NYPD will of
course have a detail in place, but I am not
going to go into more specifics on that.
Speaker 2: At this time.
Speaker 1: There was She didn't seem upset by it. It was
just another big deal going on in New York City
this weekend. There's always some big deal going on. It
even caught the attention to people that went up to
the top of the Empire State Building. Even the controllers
over at La Guardia. You know, they're looking out into
the sky looking for planes and things like that. They
got their eyeglasses and all that, and one of them
asked the NYPD helicopter that was in the area, Hey,
what's going on over at the Empire State Building? Yeah,
what's all the hoopla going on over there? Putins Is
climbed to the top of the Empire State build at
the top of the spire.
Speaker 6: The male females dressed in black.
Speaker 7: They had some flag they were waving when they were
up at the top, and he just proposed to her.
Speaker 1: That's great. So the NYPD the helicopter didn't seemed to
be too bothered by it. Jessica Tish, the commissioner didn't
seem to bother by it. So what he would now?
Taylor Swift and Travis Kelchi getting married. Job's report came
out today. Because tomorrow is a holiday, markets are closed.
Let's go through some of the numbers for the June
jobs report. The number of payrolls created fifty seven thousand.
That's less than half what they were expecting, so a
big slowdown and payrolls jobs added in the month of June.
The previous two months were revised from one hundred and
seventy two thousand down to one hundred and twenty nine thousand.
The unemployment rate dropped from four point three down to
four point four. I'm sorry, four point three down to
four point two. The participation rate disappointing, It dropped down
to sixty one point five average Howlly earnings, in other words,
wages on an annualized basis up three and a half percent.
The problem with that is inflation is better than four percent,
so your wages are not keeping up with the rate
of inflation. So it's not the end of the world.
It's a slow down. I think there's a lot of people,
including Kevin Warsh, the new chairman of the FED, is
kind of admitting that unemployment jobs is not really a
concern right now for him. He's more concerned about the
overall inflation rate. So one of their mandates about maintaining
the employment rate. I don't think he's too worried about
so he may basically another hint that he may raise
interest rates coming up probably in the fall, probably September.
So we'll have to wait and see about all of that.
So as far as wrapping up this first business week
of July, well before we get to that, seriously, I'm
looking at CNN. Just had breaking news that Travis Kelsey's
mother has landed in New York. Are you serious? Are they?
Are they at all three airports watching to see if
Travis Kelsey's mother's arriving or not. So it's it's over
the top pandemonium over at the garden. I mean thet
They got truckloads and truckloads and truckloads of stuff they're
bringing into the garden and I don't know what they're
going to. What they're building obviously a set for the wedding,
but you can build that into almost anything you want.
There are no windows, so they're going to have privacy.
And there's forty different ways of getting into Madison Square
Garden without anybody seeing you. So I just had breaking
news upon his mother landing and in New York. Oh
my gosh. So let's get to all Street. Let's get
back to Sirius for a moment. The Dow today, nice
new record, almost fifty three thousand on the Dow, up
five hundred ninety four today, the Dow closing at fifty
two thousand and eight ninety nine, the S and P
NOPE down a half a point, barely moved NAS back
down two hundred and seven. The price of gold up
forty nine dollars four thousand and one point thirty two,
and oil pretty much unchanged today at sixty eight dollars
for one barrel of West Texas Intermediate crude. That's it
for today. We'll be back again tomorrow. Tomorrow is to holiday,
but we've got all kinds of things to deal with
on Friday. So I hope you have a wonderful furth
and we'll see you back here again tomorrow