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Speaker 1: Welcome to the program. Welcome to the podcast. It is Thursday.

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Today is the twelfth day of June, Year of Our Lord,

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twenty twenty five. My name is Tom Sullivan. We have

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a lot to go over today. There's a plane crash

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in India. Two hundred and forty two people are dead

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out of that. We'll go over some of the details

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because it's somewhat surprising. We've got the job report came

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out today from the Thursday Morning Job Report for the

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last week on first time job as claims. We've got

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the Producer price Index about inflation. And we've got a

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very concerning report out of the Middle East that the

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State Department has told non essential personnel to get out

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of the area, leave the embassies in a number of

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Middle Eastern countries. So we'll get the very latest on that.

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And then what happened just before we started taping the

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day is Christine Ohmer is in Los Angeles, Departner Homeland Security.

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I've told you I'm not a big fan, but she

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was doing what she should be doing. She was holding

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a news conference at the Federal Building in LA and

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all of a sudden, this guy comes charging in and

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nobody knew who he was. He started yelling and charging

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toward Christy nome Well, her security service was there. These

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are DHS officers, secret Service, and even some FBI, and

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they grabbed a hold of him. One guy did, and

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he pushed, tried to push through the security guy, and

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the other security guys jumped on him, took him into

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a back room, put him in handcuffs, and it turned

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out where he came out later and said that he

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was just trying to ask some questions. No, he charged

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into the room. Nobody knew who he was. Maybe some

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of you know what Alexda looks like. He was appointed

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to the Senate by Gavin Newsom. When who wasn't he replaced?

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Oh yeah, it was Kamala Harris when she was elected

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vice president. So it's been four years he's been a senator,

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but a very low profile senator. Nobody knew who he was.

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These are all security people from Christin Home's office in DC,

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and I got to tell you, I'm not sure I

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could pick him out of a lineup either. So there

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was just going to exacerbate the fight between California and

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our nation's capital. But when all was said and done,

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once they found out that he was the Senator. He

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tried to just bully his way through, yelling at the

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top of his lungs. They had him in handcuffs. They

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took the handcuffs off, and he later had a little

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news conference outside the Federal building where he talked about

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how horrible the Trump administration is and how they're so

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evil to the farm workers. And that's his whole background.

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He's a big well. He supports a lot of the

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Latino programs in the country, of federal programs and so

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forth and so on. He's a smart guy. He grew

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up in Los Angeles. He has a degree in engineering

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from MIT. When he got back to Los Angeles after

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getting his degree from MIT, he started getting into politics.

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He was a very young, twenty six year old guy

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on the Los Angeles City Council and he worked his

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way up through politics. So his work has been since

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he's twenty six, he's been a political office holder. Then

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he was elected to the state Senate. He then went

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from there to Secretary of State. So he kind of

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went from one political job to another political job. And

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I lived in California during some of those well before

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before he became a senator, and I got to tell you,

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I did not know who this guy was, but he

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was apparently a big deal in Los Angeles politics and

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he thought he could just barge in there and they

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did did not know who he was. So anyway, add

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that to the list of the fight between Gavin Newsom

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and Donald Trump. Now in addition to that, I will

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get to the plane crash in a moment, because it

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is a mystery. But I want to start with the

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Los Angeles Police chief. His name is Jim McDonald, and

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he was being interviewed by John Miller, who was a

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former Los Angeles PD and NYPD counterintelligence officer. And this

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is what Chief McDonald had to say about. Well, they

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try to they try to portray the protesters, the rioters

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in Los Angeles. They's just good people that are out there,

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you know, trying to support want and Maria. No, there

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are some very bad actors. Here's the chief of the

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Los Angeles Police Department.

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Speaker 2: There's a core set of messages about wearing black block attire,

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wearing nondescript clothing without logos, hiding your hair, using walkie talkies,

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coming with leaf blowers to redirect tear gas in the

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other direction. The question is what is the change in

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characteristics between these protests we see in the daytime with

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chanting and then as it gets later when there throwing

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the fireworks at all starts. Can you quantify what is

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the anarchist factor versus the organic protest factor here?

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Speaker 3: Yeah, And I think John you hit it on the

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head that for most of the day and the organized protests,

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it's people who are out there expressing their feelings peacefully,

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generally beacon. Once nightfall comes, we start to see a

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different group of people and among those people are people

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I would describe as black block type protesters, anarchists if

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you will, and they come prepared and they're very sophisticated.

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They do have radio communications, they do move around, they

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do monitor police channels, and they'll create distractions in order

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to draw us away from a scene we're about to

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make arrest, so where we have no choice but to

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go somewhere else. They have weapons of all kinds. We

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arrested a number of people last night for curfew violations

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that I think fourteen, and three out of the fourteen

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were armed with weapons handguns. And so when you look

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at that, what appears to be one thing is something

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very different. We've seen in those backpacks that they'll have hammers,

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they'll break up curbstones and concrete ballards, break up into

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smaller pieces which will then throw at police. They put

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them in backpacks and walk around like that. I've seen

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somebody today walking around with golf balls in a backpack,

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all sorts of weapons, all very potentially dangerous. We've seen

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commercial grade fireworks being fired at our people, with shrapnel

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being put in from what I'm told, into some of

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these packages. Again, that is pretty scary stuff when you

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look at it. Liquid being thrown on our officers. The

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attitude of our officers and the professionalism and restraint that

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they've shown is remarkable. They've done a tremendous job out there,

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and I'm very proud of them.

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Speaker 2: The district attorney stepped forward with some charges today against

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people for those kinds of things. Are you satisfied with

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what you're seeing on the prosecutory land? I know under

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the former district attorney that didn't always happen.

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Speaker 3: Right exactly, No, a different approach completely. We work very

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closely with District Attorney Nathan Hakman. He does give, I think,

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due consideration to the severity of the crime and wants

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to hold people accountable. The US Attorney as well file

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charges this morning on some folks for possession and throwing

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I believe of molotov cocks. We've seen that now more

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than we usually see in these types of demonstrations, protests,

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and uh. In further so, it's it's uh, it's icy

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for our officers out there. But again, uh, we're we're

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going to stay the course and ensure that Los Angeles

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is the safe city that the residents deserve it to be.

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Speaker 1: So interesting comments the fact that they are picking up

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some of these people and they have handguns on them,

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besides all the other tools that they use in their

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or resistance whatever they want to call it. They mentioned

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Nathan Hawkman. He is the new DA in Los Angeles.

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Remember George Gascone. The people of Los Angeles threw him out,

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voted him out of office, and voted in Nathan Hawkman.

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And Hawkman is not playing around.

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Speaker 4: Peacefully assemble and peacefully engage in first to mended protected speech. However,

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when that speech crosses over from protected speech into illegal conduct,

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the people who engage in that illegal conduct will be prosecuted.

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They will first be arrested. They will be prosecuted and

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they will be punished to the full extent of the law.

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We have said this repeatedly. We've said this as a

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warning to people who are thinking about conducting these illegal acts,

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pretending that they are engaged in protests. But at the

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moment they engage in the illegal acts, they are no

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longer legitimate First Amendment protesters. They are criminals, and they

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will be prosecuted as criminals. If people want to hurl insults,

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we will protect that. If people want to engage in crimes,

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we will prosecute them. So hurling bricks, hurling cinder blocks,

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hurling fireworks will not be tolerated in this county now

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or ever. And by the way, it's a quick aside

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for any individual who's engaged in criminal conduct but did

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not get immediately arrested, let me provide some bad news

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for you. There's a tremendous amount of video out there

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through social media and otherwise. We will know who you

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are who engage in this conduct. We will track you down,

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we will arrest you, we will prosecute you, and we

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will punish you. So for people who've already engaged in

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this in this illegal activity, we're coming for you. For

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people who are thinking that maybe this is a good

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idea to do. Please take this as you're warning that

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if you engage in this conduct, please don't come to

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us afterwards and say we didn't think anything was going

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to happen to us, because those prosecutions will occur.

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Speaker 1: What a breath of fresh air compared to George Gascon,

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who wouldn't prosecute anybody. I mean, this guy's tough. Nathan

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Hakmann is his name. D him to be the Los

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Angeles County DA last November, and he is going after criminals.

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I would expect that this might settle things down. Maybe

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the LA riots are going to settle down simply because

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of the fact that this man says, we're going to

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track you down and we're going to prosecute you. There's

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another talk about Hollywood. There's another angle to this whole

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LA riot scene. Doctor Phil is on the case. Yep,

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Doctor Phil. No, he's still around doing his show, but

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he was in Los Angeles. I think that's where he

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is anyways, I'm not sure where he is. Anyway, he

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was in LA last Friday and he was had his

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camera crew with him and he was doing a story

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about ice and immigration issues and all that when that's

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when Friday afternoon, Friday evening is when ICE went and

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arrested a bunch of illegals that they were looking for.

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And doctor Phil was right there. He didn't embed with them,

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but he was there as an observer watching all of this,

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and good old doctor Phil. I thought it was kind

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of interesting what his observations were about how it went down.

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Speaker 5: Listen. I found out some things that I think were knowable,

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and I think some people are reporting and some are not.

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First off, this was a multi agency operation. This wasn't

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just an ICE operation. The particular operation, and I think

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it has drawn all the attention did involve different agencies.

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The ICE was there, US Marshalls was there, FBI, the

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IRS was actually involved in this, ATF was there. Not

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all of the agencies were involved in every operation that

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went on, but there were multiple agencies involved. And this

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was pursuant to a search warrant. And you know that

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in order to get a search warrant, you have to

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present a lot of evidence to a federal judge who

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has to find probable cause to issue a search warrant.

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And that was done for a particular company that was

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alleged or suspected to be involved in criminal behavior. They

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were alleged to have undervalued their imporse like eighty million dollars,

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underpaid tariff seventeen million dollars, which involved the irs. So

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when the raid took place, there were a lot of

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records seized and they went in and audited the workforce,

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and I think forty people were arrested at two different

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sites for the company at that point because they were

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illegal and there were criminals included in that group. It

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wasn't just an ICE ray. There were other agencies involved,

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and nobody seems to talk about that very much, although

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that information is available, and there were other sites that

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they went to as well. But I was apprised to

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that going in because we have looked at this and

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you know, people say, you know, why are you focused

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on this? Well, listen, My focus from the beginning has

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been to talk about things that matter to people who care,

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and that has shifted from pure psychological to the more

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psychosocial issues. People have become much more aware of what's

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going on, and my viewers tell me what they want

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to hear about. And this immigration has become a really

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big issue with people. It's one of the top two

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issues that Americans tell us they're concerned about. Yeah, And

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the thing that really puzzles me and looking at this

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is I'm wondering they're attacking agents on the street, FBI agents,

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police ice agents. They didn't pass these laws. These laws

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were passed, as you know, in the legislature by the

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officials that these people elected. Why are they not on

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Capitol Hill protesting there? They want to change the law,

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change the law, but laws are not suggestions and they're

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not optional. They have to either going to enforce them

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or you're not.

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Speaker 1: So he was being interviewed by Jake Tapper and was

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asked about the question of why are they arresting people

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that are illegal but are not criminals.

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Speaker 5: Well, I've talked to President Trump about this and Tom

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Homan extensively, and they have three priorities. Number one was

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to close the border, and I think they have effectively

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done that. Number two was the worst. First, to take

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the violent criminals, the gang members thirteen Trendiagua. To get

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these violent criminals off the streets. And I don't think

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anybody wants those criminals on the street. And listen when

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they go into I've seen that they target these individuals.

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They're not going and doing just random sweeps, but they

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target these individuals. Now, when they go in to find

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these people in an apartment building or some area where

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there are a lot of others around, they're going to

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check who's around. If they go into an apartment there's

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eight people in there and they and the target is

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in there, the dangerous criminal with the violent history, they're

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going to check who they're with, and if those people

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are illegal, they're not going to turn the blind eye

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to that. They're going to take those people into custody

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as well. And they're The third prong that they're focused

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on is finding the missing children. There are over three

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hundred thousand estimated three hundred thousand children that have just

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fallen through the cracks and gone miss saying once they

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crossed the border, and some of them have found their

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way to families, but others have been pushed into prostitution

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and forced labor and they need to be rescued. And

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when they're rescued, they need help. They need services medical, psychological,

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sociological to help them recover from the trauma and then

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reunited with their families. Those are their three top priorities.

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Speaker 1: There are numerous polls now coming out. The posters are

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running around as fast as they can to try to

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get a sense of what the public thinks about all

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of the protests going on, not only in LA but

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also now in many other cities around the country. They're

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not at the scope that the LA riots were. I

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say were because I think the LA riots I would

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hope are going to be much tamer going forward and

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come to an end fairly soon. But CBS, you Gov

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they did a poll, gave fifty four percent approval to

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Donald Trump's immigration programs and fifty percent approval of the

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way he's handling immigration. Then you go to the Washington Post.

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Washington Post course, well, they went out and did a

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survey that they said forty one percent of the people

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support Donald President Trump sending National Guard and Marines to

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the LA protests. Forty one percent support, forty four percent oppose,

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fifteen percent are unsure other questions. Americans are roughly split

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on a number of things regarding the protest if at California,

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fifty eight percent are opposed to Donald Trump sending the

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troops other states, forty two percent are opposed, forty three

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percent are in approval. Democrats seventy six percent are opposed

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to Donald Trump about anything. Only six percent of Republicans

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are opposed. Eighty six percent of Republicans give the President

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their approval. When it comes to independence, forty eight percent opposed,

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thirty three percent are in favor. So it's as far

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as paying a lot of attention to what's going on,

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sending the National Guard and Marines to LA, paying a

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lot of attention. Of fifty four percent are not paying

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some attention forty five percent no, no, no, no, no, let

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me get this great paying a lot of attention. Thirty

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four percent of the country are paying attention to the

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LA riots. Yeah, one out of three, So two out

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of three are doing other things, paying some attention, forty percent,

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paying little or no attention twenty six percent. So it's

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it's rather split. Question that Washington Post asked was do

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you support or oppose the protest in LA Again, it's

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the federal government's immigration enforcement. Thirty nine percent support the

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federal government, forty percent opposed. Twenty one percent are unsure.

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It's a large group of unsured. Do you think the

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LA protesters have been mostly peaceful or mostly violent? Thirty

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five percent say mostly peaceful. Thirty seven percent say mostly violent,

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and again the unsure crowd twenty seven percent. I don't know.

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I don't know. Are the police using too much force

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dealing with LA protesters, not enough force, or handling it

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about right? Thirty one percent say too much force, forty

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three percent say about right, twenty six percent say not enough.

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I think the other obvious point here. I'm not sure

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if it's the wabvies, but certainly I've seen it. I

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presume you have to. When you see the television out

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there on the streets of Los Angeles, what do you see?

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You see LAPD? You don't see the California National Guard.

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They are around, they are on the perimeter of the

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federal building. They're not on the streets. They're not participating

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in dealing with the public in any way, shape or form. Now,

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the LAPD has overwhelmed. The chief even said that that

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they only have eight thousand officers. Los Angeles County Sheriff's Department,

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which has about nine thousand officers, have come in to help,

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and also a number of cities that make up southern

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California are sending their police as well. But it's the

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police that are doing the involvement with the protesters, the rioters,

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not the National Guard. And they keep talking about the Marines.

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Have you seen any Marines yet? I haven't, and I'm

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glad I haven't. I really I disagree with the president

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on sending the Marines. I don't like the idea of

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our military going against our citizens. Of National Guard, fine,

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that's what they are trained to do. As far as

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the police, that's really their purview, that's where they should be.

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So a lot of people this is it's very, very,

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very very it's very very split as to who is

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supporting the president and who is opposed to him. Another

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hot bit in the world is the Middle East, and

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this is going on much more quietly than I would expect.

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The government has ordered non essential embassy staff out of

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a number of locations in the Middle East, Iraq, Kuwait, Bahrain.

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State Department is concerned about the nuclear talks between the

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US and Iran and the fact that they appeared to

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be deadlocked. So the government has ordered the departure of

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non essential diplomatic staff from embassies in the Middle East,

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and they're worried about apparently that Iran has threatened to

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target US military bases in the region if a conflict

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breaks out. The conflict they're talking about is will Israel

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attack Iran and their nuclear facilities, because they keep saying

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they're this close. I think they've been. I think they

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got the bomb a long time ago. But the Defense

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Secretary Pete Hegseth has authorized the voluntary departure of military

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dependents from locations across the region. So they're very worried

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about the fact that Iraq bag Dad at the embassies there,

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all of those areas may be attacked by Iran if

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something happens in the Middle East. So everybody's on high

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tension and all of the non essential personnel have been

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ordered to leave the area. Brett McGirk, who this is

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one of the areas he has specialized in, has this observation.

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Speaker 6: But I think, let me kind of back up. Why now,

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what's happening. I think this vote in the IAEA today

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in Vienna, nineteen countries found Iran in non compliance with

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its IAEA obligations international energy is hugely significant. Has not

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happened in twenty years. This comes after a report from

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the IEA last week finding Iran an egregious failure to

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basically hold up its obligations to convince the world it

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has a peaceful program. Another thing, well, this is coming

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to a head. I don't think it's imminent, but it's

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coming to a head because the Obama erat JCPU. There's

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a provision of that deal that even the critics really like,

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called snapback. Any member of that deal can snap back

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all international sanctions. The Brits in the French are prepared

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to do that this summer. That power expires in October,

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so this issue of the Iran nuclear program has to

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be resolved in that timeframe. That's why there's so much

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tension here. And Israel's watching this very closely because Iran

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is trying to not only dramatically expand its program, it

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is stockpiling uranium enriched to sixty percent grade. No civilian

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need for that. It is enough for ten bonds now

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and it can quickly spin that with very advanced centrifuge

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is two weapons grade, and Iran announced today they're putting

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these advanced centrifuges in the underground enrichment facility in Florido.

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Very provocative step. So the Israelis are watching us to

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say we cannot for our national security, particularly after October seventh.

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We cannot just sit and wait. We have to have

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this issue resolved. The Wickcoff talks in Oman on Sunday,

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I think will be very important to try to reduce

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some of the tension. See yeah, and I've dealt with

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this issue. I negotiated with the Iranians in Oman. I

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know what this is like. I actually would like the

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position Steve is in. You now have a real threat

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of military force, you have real pressure and the Iranians

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is the problem here is Iran Their program is advancing

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to a point where there's no civilian no credible civilian use,

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and they need to They need to answer and try

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to reach a deal that is verifiable and that we

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can live with.

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Speaker 1: Also some surprising news from also international news from India.

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This morning, Air India had a flight that was leaving

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from Amadabad going to London gat week four hundred I'm sorry,

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two hundred and forty two passengers on board and it's

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a brand new, well fairly new Boweing seven eighty seven.

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Boeing stock took a ten dollars hit down five percent

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on the news today. Boeing has been doing a tremendously

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good job of getting their act together, getting their safety

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program together, producing planes without problems, and then this happens today.

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Here's one of the local newscasters in India talking about

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the details of the crash today.

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Speaker 7: So you mentioned a moment ago about the Commissioner of

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Police and de A bad one of the senior cops there,

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saying that he doesn't expect anyone to survive in this crash.

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There were two hundred and forty two people on board,

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including ten crew members. There were more than fifty British

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nationals more than one hundred and sixty Indian nationals. The

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worry is it's not just the people on board who

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may have lost their lives to this terrible tragedy. The

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hospital authorities there, the Civil Hospital which is the main

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hospital to which much of the bodies are being rushed to,

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have now confirmed that over two hundred bodies have been

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brought there and are undergoing post bottom. The fear is

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also that the building that this plane crashed into was

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the lunch building of a medical school. This was a

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little past one point thirty in the afternoon, so we

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speak lunch hour. There were a number of these medical students,

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medical school students who are having their lunch in that

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building at that time. So I'm afraid there's a large

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number of casualties on the ground as well aside of

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the number of people who died who were on board

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that ill fated flight Air in their flight one seven

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to one from Mdabad to London Gatwick. What is also

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of concern is that this is the first time in

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the last over a decade that the dreamline of seven

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eight seven has been in the skies. This is the

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very first time that a flight of this nature has crashed,

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and it happened within minutes of takeoff. It took off

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at one thirty eight local time, is what we were

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given to understand, and within the first five minutes the

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pilot lost contact with the air traffic control and within

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twenty minutes before two o'clock, the crash happened over this

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medical school building in the outskirts of m Dabad. Also,

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we're given to understand that the Prime Minister has tweeted

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about this, He has its pressed his pain and anguish.

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He has also instructed his number two in the government

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to the Union Home Minister, mister Amashah, who also hails

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in fact both the Prime Minister and the Home Minister

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hailed from the state of Gujarat, that's where this air

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crash happened, So he has instructed the Home Minister to

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rush to Mdabad immediately. He should be reaching Mdabad within

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the next hour to take stock of this situation there.

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The Chief Minister of the Province of Gujrat has already

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reached the hospital. He's taking stock of the fatalties and

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also trying to get the information across to the loved

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ones of those who perished in this terrible, terrible air tragedy.

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There will be an inquiry. So far, we've not heard

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from the airline authorities as to whether they've recovered any

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of the debris or the black box or any of

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the voice recording systems on board to try and engage

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what exactly led to this. The pilot, Summit Sabber, while

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apparently had more than eight thousand hours of flying experience,

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the co pilot had over a thousand hours, So we

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don't know what led to this terrible crash was it

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Was it an engine failure? Was there a good hit

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of any kind? What is very curious about this incident,

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this strategy, is that both the engines failed off an

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airline of the type of airline which has never crashed

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before in the decade plus that it's been in the skies.

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So all of these will be questions that investigators will

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be asking you the next few days and weeks.

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Speaker 1: Yes, it is a mystery because the seven eighty seven,

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like the generalman said, has never had a crash. They've

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been in service I think eleven year or something like that.

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This plane is basically a computer with wings. It is

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so high tech, and that's what makes us so puzzling

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is because of the fact that, well they took off,

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it wasn't a high altitude airport, but it was hot.

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It was over one hundred degrees and the plane was

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loaded with fuel and passengers pretty heavy on their long

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flight to get up to London. So hot temperatures, heavy airplane.

477
00:31:06,000 --> 00:31:10,839
That's always an aviation an area that you double check

478
00:31:10,920 --> 00:31:13,720
to make sure you've got everything set just right. And

479
00:31:13,759 --> 00:31:16,160
that's to think about this airplane. It is so high

480
00:31:16,200 --> 00:31:21,000
tech that if the pilots set up the plane on

481
00:31:21,039 --> 00:31:24,200
the runway, the plane knows where it is, what runway

482
00:31:24,240 --> 00:31:27,839
it is from GPS, it knows how long the runway is,

483
00:31:27,960 --> 00:31:32,119
it knows how much weight the plane has, and if

484
00:31:32,160 --> 00:31:35,759
you don't have everything set up, it will start telling

485
00:31:35,799 --> 00:31:39,200
you no takeoff, no takeoff. It will give you an

486
00:31:39,400 --> 00:31:42,519
ural warning, and it will also show up on the

487
00:31:42,559 --> 00:31:50,440
cockpit screen. So the video of the plane just before

488
00:31:50,440 --> 00:31:57,079
it crashed, and it appears, I'm very cautious. It appears

489
00:31:57,200 --> 00:32:03,480
as though the flaps were not. Flaps have to be

490
00:32:03,559 --> 00:32:07,519
extended in order to give lift to a wing. And

491
00:32:07,559 --> 00:32:09,880
you wouldn't take off with a heavy plane in hot

492
00:32:09,920 --> 00:32:13,559
temperatures without especially somebody a plane that big and that

493
00:32:13,680 --> 00:32:17,440
heavy without flaps. So were the flaps extended and they

494
00:32:17,480 --> 00:32:20,720
withdrew them early? We don't know. There's a lot we

495
00:32:20,799 --> 00:32:23,960
don't know. We have a lot of questions. The gear,

496
00:32:24,079 --> 00:32:29,680
the landing gear was extended, which again normally, as soon

497
00:32:29,720 --> 00:32:32,400
as you start getting some altitude under the plane, you

498
00:32:32,640 --> 00:32:36,440
withdraw you bring the gear up so you get more.

499
00:32:37,319 --> 00:32:44,759
It doesn't interfere aer aerodynamically, So there's a lot for

500
00:32:44,920 --> 00:32:47,880
the investigators to work on with this. Again, the pilot

501
00:32:47,920 --> 00:32:50,880
had over eight thousand hours. The gentleman we listened to

502
00:32:51,000 --> 00:32:53,279
had he said the cold pilot had a thousand hours.

503
00:32:53,559 --> 00:33:00,440
That's baby steps. One thousand hours is a very rookie

504
00:33:00,519 --> 00:33:06,559
beginner in the airline industry. Miles O'Brien is an aviation analyst.

505
00:33:07,240 --> 00:33:09,319
Let's see what he has to say about this.

506
00:33:09,599 --> 00:33:13,599
Speaker 8: This was an aircraft that was struggling to maintain flight.

507
00:33:14,440 --> 00:33:17,680
If you look at the video very carefully, it's in

508
00:33:17,720 --> 00:33:22,880
a very unusual configuration, actually the wrong configuration. It does

509
00:33:22,920 --> 00:33:26,759
not appear that the trailing edge flaps, which are designed

510
00:33:26,759 --> 00:33:31,200
to be deployed. These are the aerodynamic surfaces that move

511
00:33:31,440 --> 00:33:35,400
at the trailing edge of the wing and provide additional

512
00:33:35,519 --> 00:33:40,559
lift during takeoff when the speeds are lower. It does

513
00:33:40,599 --> 00:33:43,920
not appear those flaps were deployed based on the video

514
00:33:44,000 --> 00:33:47,119
images that we've seen so far. And on top of that,

515
00:33:47,240 --> 00:33:51,720
the landing gear remained down at this stage of the flight.

516
00:33:52,039 --> 00:33:54,680
You would expect the landing gear to be up after

517
00:33:54,759 --> 00:33:57,240
a positive rate of ascent had been determined by the

518
00:33:57,279 --> 00:33:59,880
flight crew. Couple that with the fact that you had

519
00:33:59,880 --> 00:34:02,559
a very hot day, which means there's less lift on

520
00:34:02,599 --> 00:34:06,839
the wings because the air molecules are less dense, and

521
00:34:06,880 --> 00:34:10,199
a fully loaded flight ready for a nine hour flight

522
00:34:10,280 --> 00:34:14,800
to London, and you have what amounts to an aircraft

523
00:34:14,840 --> 00:34:21,119
just struggling to maintain lift and air speed, and it's

524
00:34:21,159 --> 00:34:23,639
just a real open question as to how it was

525
00:34:23,679 --> 00:34:24,800
in that configuration.

526
00:34:25,480 --> 00:34:26,000
Speaker 7: This is a.

527
00:34:26,039 --> 00:34:29,400
Speaker 8: Highly automated aircraft. It's only been in service a little

528
00:34:29,440 --> 00:34:32,400
more than a decade. This is the first crash hull

529
00:34:32,480 --> 00:34:35,880
loss with fatalities. They had some early problems with the

530
00:34:35,960 --> 00:34:39,199
batteries on board which caused them to be grounded. There

531
00:34:39,199 --> 00:34:43,000
have been more recent concerns about how it has assembled

532
00:34:43,360 --> 00:34:47,400
the seams on the composite fuselage, but that doesn't seem

533
00:34:47,400 --> 00:34:49,960
to be coming into play here today. This is a

534
00:34:50,079 --> 00:34:54,000
highly automated aircraft which is designed to check and crosscheck

535
00:34:54,760 --> 00:34:58,559
the configuration of the aircraft before takeoff. So if it

536
00:34:58,719 --> 00:35:02,559
was in fact flying in the wrong configuration, there would

537
00:35:02,559 --> 00:35:05,840
have been all kinds of systems on board, oral and

538
00:35:06,079 --> 00:35:09,320
visual to notify the crew of that fact. So this

539
00:35:09,480 --> 00:35:13,079
is really kind of a mystery as to why the

540
00:35:13,119 --> 00:35:17,119
aircraft was in that configuration. But without those flaps deployed

541
00:35:17,159 --> 00:35:20,159
at that stage of flight, the aircraft never had a

542
00:35:20,280 --> 00:35:24,920
chance to gain altitude. It just simply would have lost

543
00:35:25,000 --> 00:35:26,760
lift installed, which is what we saw.

544
00:35:28,000 --> 00:35:30,840
Speaker 1: We have plenty of questions. I'm sure we'll be getting

545
00:35:30,840 --> 00:35:33,840
plenty of answers. The plane, like I said, is a

546
00:35:33,880 --> 00:35:37,119
state of the art. So they have a cockpit voice

547
00:35:37,119 --> 00:35:41,719
recorder that records well over a thousand items, and of

548
00:35:41,760 --> 00:35:46,440
course the voice recorder and the flight data recorder I'm sorry,

549
00:35:46,519 --> 00:35:48,960
flight data recorder over one thousand items, and of course

550
00:35:48,960 --> 00:35:51,840
the cockpit voice recorder. They'll find out what the pilots

551
00:35:51,840 --> 00:35:56,599
were talking about as this plane took off from this

552
00:35:56,679 --> 00:35:59,840
airport in India, So lots of data we should know.

553
00:36:00,000 --> 00:36:03,719
Once they have those, they should know exactly what happened

554
00:36:03,840 --> 00:36:10,119
on this crash. Today in financial news, we a Thursday

555
00:36:10,239 --> 00:36:14,480
so Thursday Morning Jobs report two hundred and forty eight

556
00:36:14,519 --> 00:36:20,519
thousand first time jobless claims last week versus the estimate

557
00:36:20,559 --> 00:36:22,480
of two hundred and forty six thousand, so it's just

558
00:36:22,519 --> 00:36:26,559
about what we expected. The continuing claims a million, nine

559
00:36:26,639 --> 00:36:29,719
hundred and fifty six thousand, that's up fifty four thousand

560
00:36:29,760 --> 00:36:32,599
for the week, not a shocker. And either one of

561
00:36:32,639 --> 00:36:36,280
those reports, we got the producer price index. That's the

562
00:36:36,400 --> 00:36:41,679
wholesale inflation rate. And remember the wholesaler's inflation will be

563
00:36:41,760 --> 00:36:44,320
passed on to the retailers, which will we passed on

564
00:36:44,360 --> 00:36:50,599
to you theoretically, but this is another inflation indicator that

565
00:36:50,760 --> 00:36:55,360
doesn't really show inflation taking off on us inflation. The

566
00:36:55,360 --> 00:36:58,320
producer price index was up one tenth of a percent

567
00:36:59,000 --> 00:37:03,760
for the year over year year it's up two point

568
00:37:04,159 --> 00:37:11,440
four percent. Yeah, it just wasn't the core rate, the

569
00:37:11,440 --> 00:37:15,320
headline rate. Nothing. There's really no big inflation news coming

570
00:37:15,320 --> 00:37:18,719
out of this. And again, as I mentioned yesterday, everybody's

571
00:37:18,760 --> 00:37:22,360
watching these reports because we want to see will the

572
00:37:22,480 --> 00:37:27,400
tariffs start to impact the prices in so far, very

573
00:37:27,440 --> 00:37:31,360
little if any insight into all of that. Speaking of jobs,

574
00:37:31,719 --> 00:37:35,599
health and human services, during Doge's work, they laid off

575
00:37:36,360 --> 00:37:39,480
two four hundred people. Today they announced they were hiring

576
00:37:39,559 --> 00:37:43,039
back four hundred and fifty of those twenty four hundred people.

577
00:37:43,199 --> 00:37:48,920
Wall Street today we got this is everything's it's very rare.

578
00:37:49,480 --> 00:37:53,639
We've got the stock market, we've got the gold prices,

579
00:37:53,679 --> 00:37:57,880
we've got bitcoin, all of them heading up to at

580
00:37:58,000 --> 00:38:01,599
or near new highs NOW up one hundred and one

581
00:38:02,400 --> 00:38:05,679
to forty two thousand and nine sixty seven, the s

582
00:38:05,719 --> 00:38:09,519
and P up twenty three at six thousand and forty five,

583
00:38:10,559 --> 00:38:14,480
NASDAK up forty six to nineteen six sixty two. So

584
00:38:14,480 --> 00:38:17,719
none of those are giant gains, but they just keep

585
00:38:17,800 --> 00:38:21,880
creeping up higher and higher. Gold went up sixty three dollars.

586
00:38:21,960 --> 00:38:25,559
It's now above thirty four hundred at thirty four oh six.

587
00:38:26,239 --> 00:38:30,559
And oil, because of all the concerns about what is

588
00:38:30,639 --> 00:38:32,639
going on in the Middle East, is there going to

589
00:38:32,639 --> 00:38:35,400
be an attack by Iran on US forces around the

590
00:38:35,400 --> 00:38:38,840
Middle East, Oil went up another fifty cents today, up

591
00:38:38,840 --> 00:38:42,760
to six almost sixty nine dollars a barrel for one

592
00:38:42,800 --> 00:38:46,519
barrel of oil. Thank you for coming by today. I

593
00:38:46,599 --> 00:38:50,480
appreciate you stopping by the podcast, and we're going to

594
00:38:50,559 --> 00:38:52,320
be here again tomorrow. Hope to see you then.

