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Speaker 1: Well, here we are.

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Speaker 2: Hi.

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Speaker 1: How are you welcome to the Big Podcast. It is

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Monday today. It's the fourth day of August, year of

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Our Lord twenty twenty five. My name is Tom Sullivan.

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So well, we'll pick up where we left off. On Friday,

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as we were peeling out for the weekend, we find

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out that Donald Trump had fired the head statistician for

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the Bureau of Labor Statistics. A jobs report came out

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on Friday, and it was a shocker. It was estimated

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to be one hundred thousand jobs creator, which was very weak,

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much lower. You were more north of two hundred thousand.

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So they said, no, it'll be about one hundred thousand.

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It came in seventy three thousand. That number, I think

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is going to be revised. But the shaker was the

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two previous months May and June. They revised those two

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months down two hundred and sixty thousand jobs. I mean

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June was originally one hundred and forty seven thousand, they

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told us. Then they totals on Friday. No, no, no, no,

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it's only fourteen thousand jobs. And the private sector was

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revised from a seventy four thousand down to three thousand

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and you look at this and you go, these numbers

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are not anywhere near what they reported. And then they

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do these revisions and it's not a little revision or

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not even a medium revision. These numbers are huge, way

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off from where they are. And I got an email

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a couple of weeks ago from a listener that was

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asking about the politics of the FED, and this is

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kind of in the same category of Bureau of Labor

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Statistics is an independent organization now as part of the

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Department of Labor. Department of Labor is part of the

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executive branch. The FED is a totally independent group. But

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it's the idea that these these are are I've talked

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for years about the fact I've talked to some of

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these people at the Bureau of Labor Statistics Statistics and

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they are number nerds, I mean huge number nerds. They

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barely speak English, they're so hard to understand sometimes and

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so they are off in their own little world. But

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this what they produce, not only jobs reports, but also

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GDP Gross Domestic Product CPI consumer price inding. These are

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these are reports that so many people depend upon. Economists

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depend upon it, but so do business people, so do

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so many people want to know what is going on

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with our economy, and if they're given as bad information,

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how why So I've got to tell you. Well, let

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me first of all, this is President Trump over the

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weekend and he was out on at the airport in

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New Jersey and was asked about the firing of this statistician.

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Speaker 3: Announcing a new statistician sometime over the next three four days.

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Speaker 4: We had no confidence. I mean, the numbers were ridiculous.

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Speaker 3: Just before the election, this woman came out with these

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phenomenal numbers on Biden's economy, phenomenal numbers, and then right

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after the election they announced that those numbers were wrong.

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And that's what they did the other day.

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Speaker 4: So it's a scam in my opinion.

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Speaker 1: I don't know if it's a scam or if it's

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just incompetence, but it's got to be one of the two.

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Either they don't know what they're doing or they're playing

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some sort of game, and either way it's absolutely unacceptable.

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So the person who's been put in to kind of

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run the shop until they come up with a new

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person is a guy by the name of William Wyatt Trowski.

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He's a longtime employee of the agency widely respected by

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experts inside and outside of government. The career employees who

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collect and analyze the data will remain in place. They

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will continue to use the same methods and procedures that

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they used before. So I good luck on finding somebody.

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Could you imagine if the President called and said, hey,

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we'd like to offer you the job of being the

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head of the Gureau of Labor Statistics. No, thank you, sir,

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I'm serious, because if they're using old methods, then they're

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still going to come up with bad information. I mean,

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it's the old thing about the definition of insanity if

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you keep doing the same thing and expect a different result,

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and they're planning on doing the same thing. What they do,

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they've got they've got an outside survey that they do,

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uh and one using employment information that's sent in digitally,

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but the outside it's called the entire Establishment Survey. They

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are not getting the response they used to get back

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in twenty fifteen, twenty seventeen, twenty nineteen, they were getting

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about a sixty to sixty five percent response when they

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did their establishment survey. They literally were surveying sixty thousand

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businesses and people and they got a good response but

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then they started getting I'm busy, I don't have time,

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or they would say I'm not going to take that survey,

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and I'm not sure what it is. I don't know

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about you, but I was complaining the other day to

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a friend of mine. I said, every time you do anything,

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you buy a product, or you have a conversation with

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somebody on some chat window, immediately you get a survey

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from the company going how was the agent, how did

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they treat you, how would they show you respect? Did

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they know what they were doing? And I don't have

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time for this. I don't take any of those surveys anymore.

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So maybe that's what these people are doing. They're getting

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We've been over surveyed in this country to the point

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where I'm done. And so instead of getting sixty to

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sixty five percent back in twenty fifteen through twenty twenty,

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it's dropped like a rock and it has been dropping

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and we're now down to somewhere in the forty percent range.

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So it's a much smaller survey about employment than before,

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And so are they getting insufficient data to be able

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to make the report about employment? But these they're not

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even close. That's the problem. So I do not blame

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Donald Trump for firing this person. I would have too

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if they keep doing a bad job and the numbers

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are not even last fall they had. They have an

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annual revision that they do basically to tidy up the numbers.

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Last year, the twenty twenty four revision, they said, oops,

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we told you there were eight hundred and eighteen thousand

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more jobs than really created. We were off by eight

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hundred and eighteen thousand, and the last two months they're

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off by two hundred and sixty thousand. So the problem

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is the way that Donald Trump operates. He doesn't fool around,

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and the media doesn't like him, and they're blaming this

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on he didn't like the numbers, therefore he fired the lady.

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I don't think so. I'm sure he didn't care for

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the numbers. He's worried about the economy slowing. Labor markets

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supposedly has been solid, but with this kind of information

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coming out, you go, well, maybe it's not so solid.

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So it will impact Wall Street investments, a variety of places.

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But I don't blame him for firing the person. I mean,

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this is incompetent. I think maybe maybe is political, but

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I think it's I think it's the woman who ran

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this division should have known. Wow, these numbers are way off.

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We got to get this fixed, but never did a thing,

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never corrected us, saying Muhammad al Arian, well respected economist

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on Wall Street. He chimed in as well, let's see

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what Mohammad has to say.

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Speaker 5: Yeah, this shouldn't be a political move. This is an

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apolitical institution. It is true that it's had persistent problem

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on data collection. The response rate has come down, there

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hasn't been much in corporation of the higher frequency data

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that was so valuable to everybody during the pandemic. And

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then clearly there's a problem of methodology. The estimation until

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you get more data seems to be off. So there

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are problems on the data collection and the data estimation,

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But you should not undermine the institutional integrity of the BLS.

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It's being interpreted signal as I don't like what you've

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released in terms of data, and therefore I'm going to

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fire you.

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Speaker 2: Now.

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Speaker 5: Kevin has it said yesterday that the president wants someone

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that he can trust there, and other people have noted

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that it's actually very difficult for the head of the

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institution to change the way the data is compiled because

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so many people are involved, so you wonder how much

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is gained and you worry about what it does to

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institutional integrity. So the bottom up data that you and

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I look at, those numbers are particularly valuable at turning points.

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If you remember go back to twenty twenty one, the

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companies were all saying, we are seeing higher costs and

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we have pricing power, but the top down data wasn't

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picking up the infationary impulse until it was too late. Similarly,

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now the bottom up data has been signaling weakness, not recession,

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but in economy that's weekning. We've seen that in terms

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of pricing power for those who sell to lower income household.

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We've seen it. In terms of net income growth away

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from the top ten, it has struggled. We've seen what

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has happened to employment in the public sector. So for

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those of us who look at micro indicators, they were

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flashing yellow, but the big data wasn't flashing yellow until

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we've got these massive revisions. And these are massive revisions.

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We're down to job creation that we haven't seen for

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four years in terms of three month moving averages. So

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I think the macro data is finally catching up with

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the micro data, which is now of course making everybody

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change their mind about what the Fed should have done.

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Last week.

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Speaker 1: Yeah, so there was a massive revision in one particular month. Fine,

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but this has been ongoing for quite some time and

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it's still it's getting worse. So again I support the President.

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Glad he got rid of this person who. I don't

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know if they could be able to changeange anything quickly,

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but boy do they need to get up to speed

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with some modern methods of establishing getting the information the

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data that they need in order to call out the

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jobs report for us every month. So we've got that.

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The other big story today is in Austin, Texas, the

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state capitol, where fifty Democrats have taken off. I know

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that the report this morning was that they went to Illinois.

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There was a plane. I don't know, they chartered a

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fight or something and went up to Illinois. But there's

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some in New York today with Kathy Hochele, the governor

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of New York. This happened a few years back. They

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did the same thing. They took off and they went

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to Washington, d C. And well, no, they were gone

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for I forget how long it was. I believe it

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was over a month and they came back. It was

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over a voting bill, and that voting bill was still

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able to go through the way the Republicans wanted it to.

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So Texas is a very red state, very Republican, not

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all of it. In fact, the city of Austin, the

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state capital, is very liberal part of the state of Texas.

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But they wanted to do this, and it's just wrong

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on so many levels. Listen to this guy. This is

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Jean wu He's the chair of the Democrats in the

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state capital of Texas, and he talks about how the

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Republicans are playing games, and I'm going does he not

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understand that he and his fellow Democrats are playing a

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huge game? Apparently not.

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Speaker 6: It's not a choice that we take lightly to be

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here in Chicago. We really didn't have a choice. We

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tried to negotiate Republicans, We tried to talk to them,

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We try to reason with them, We try to tell

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them that the public is very angry at what they're doing,

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and they simply wouldn't listen. This was the only way

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we could protect our constituents and protect the state. What

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they're doing is not just politics. It's not just affecting lines.

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This is going to destroy lives first of all, and say,

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you know what, today is a great day to end

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the corruption of Greg Abbott. This has gone on far

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too long. Public has been enraged about this. How politicians

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continue to tell the public pretty words but never actually

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do what they say they would do. This is Governor

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Abbott being upset about that because he's been caught doing

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exactly that. And your Governor Abbot, frankly, he doesn't know

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how to read attorney general's opinions because he used to

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be attorney general. And frankly, Democrats say, come and take it.

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Speaker 1: Okay, this guy's not making any sense that he's the

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top Democrat. But still he's talking about Greg Abbott being

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Greg Abbott. I've met the governor, talked to him many

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many times. He's a brilliant man. He's done a great

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job for Texas. Texas is where people are going. He's

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recruited so many jobs, so many businesses. He's done a

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fabulous job. And this guy is saying that he's corrupt. Now,

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I'll tell you I'm not real big fan of the

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lieutenant governor, especially their attorney general. I think he's another story.

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But Greg Abbott, I think, is an honorable, smart, good

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governor of the state of Texas, and now he wants

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to make it so that Texas is more red than

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it is right now. He wants to make it so

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that there are areas that will be more Republican than

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they are right now. They're trying to do the same

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thing in California. There's some other states. Even Kathy Hokle today,

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the governor of New York, was talking about, Okay, we'll

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do it too well, rewrite New York to be more blue.

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You can't get more blue than New York is right now.

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And the same with California. You can't get it more blue.

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But that's kind of what Texas is. It's not going

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to make a big difference, but it will. It will

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be anywhere from two to five more seats that will

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wind up in Congress that will be on the Republican

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side of the aisle. With everything being so close in Congress,

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it will make a big difference. But the other states,

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I'm not sure it's going to make a big difference.

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And they ran off to Illinois, some here to New

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York that Illinois is a blue blue, blue, blue, blue, state.

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So he's not very articulate. Let me this, Jeen Wu.

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He just seems to throw out things that are talking points.

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I don't know. Maybe he needs some help with his

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public speaking. So then mister Woo was asked about the

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fact that the governor is going to have they don't

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show up, which they did not at the three o'clock

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session of the House of Representatives in Texas, that he

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was going to have them removed as members of the House.

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I don't know if he can do that or not.

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He thinks he can. He quoted some Attorney general opinion.

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But the other thing he's going to do is he's

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going to find them. And this is in Texas state

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law five hundred dollars a day. This is Jane Woo's response.

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Speaker 6: Frankly, I don't care, and our members don't care, because

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what we're fighting for is not about us. It's not

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about our pain and our suffering. We are elected officials.

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We have volunteered for this. We have committed to sacrificing

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our lives to protect the people of the state of Texas,

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and that is exactly what we do. The the five

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hundred dollars whatever they're going to find us and that

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is nothing compared to the pain that American people have felt,

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and the people have tad Texas have.

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Speaker 1: Felt, no brother, but spare me the grief. This again,

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they tried this, I think it was four years ago,

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and this goes back to the again the definition of insanity.

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They're trying to do exactly the same thing and it

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did not work four years ago, and they're expecting a

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different outcome this time. Here's New York Governor Kathy Hochele.

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She's going, oh yeah, this sounds great.

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Speaker 7: This This is not breaking the law. This is a

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legitimate process that has been used before by breaking form

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and being here today, these legislators are getting into it.

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John Lewis might call good trouble. Good trouble is the

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best kind of trouble. They've drawn racist lines to disenfranchise

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millions of Texas.

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Speaker 1: They're drawing racist lines. Well, let's hear what Governor Abbott

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has to say.

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Speaker 4: So they they're leaving, and they've left because they're very untexaned.

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Texans don't run from a fight. And there's a fight

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going on in the legislature right now about redistionering as

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well as other things. But I'll make two quick points

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about this. For one to run to statesite New York

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and Illinois to protest redistricting is kind of like running

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to Wisconsin to protest cheese. It's just kind of outrageous.

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Those are New York and Illinois to hallmark states. They've

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already done redistricting to eliminate Republicans. But the second thing

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is far more serious, and that is what these Democrats

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have done. Just a small fraction of them were needed

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to break a quorum, and that small fraction is holding

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hostage legislation in the state of Texas where we will

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be able to provide assistance and reform for all of

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the victims of that horrific flooding that we've had in

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the state of Texas. Our fellow Texans are being let

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down and not getting the flood relief they need because

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these Democrats have absconded from the responsibility, and I believe

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they have forfeited their seats in the state legislature because

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they're not doing the job they were elected to do.

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Speaker 1: So it's a political cat fight, and the Democrats don't

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want Texas to be more red than it already is.

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And it's the same in California, Illinois, New York, they're

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already just thoroughly blue. The problem with all this is

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if take a look at California, It's been run by

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the Democrats, their Assembly, their Senate, their governorship of all

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Democrats all the time. And since that has happened, the

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state of Californias has just gone straight downhill in so

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many ways that we could spend hours talking about. They

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really have ruined the state of California. The state of

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New York, it's the same. The Democrats have done a

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terrible job. But it's not so much about Democrats. That

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is one party rule. And so as much as I

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appreciate that Texas wants to do what they want to do,

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I don't like the idea of turning a state into

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just one controlling party and the other part already has

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no voice. You may not like what the other party

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has to say, but I think it's important in managing

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the affairs of a state, because the ones that have

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gone full one party have done a terrible job. You

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got to hand Texas. I mean, you don't need to

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be a political scientist to know that Texas is the

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place where the populations are moving to Texas, not out

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of Texas. Or moving out of New York, out of Illinois,

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out of California. Texas has had a net in popular

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population for quite some time. And again there's more fortune.

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One hundred companies now headquartered in Texas. That used to

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be the banner that they held over New York not anymore.

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So Texas is doing a good job. But I still

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prefer to have some balance in the people that are

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governing our local political establishment. So let's move on to tariffs,

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because that news isn't going to go away. The tariffs

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are the August one tariffs are supposed to take effect

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on Thursday, the seventh. And the thing that nobody's really

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talking about, but it's bubbling below the surface, is that

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there is a lawsuit that has been brought by some

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business small businesses and some states to go after the

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idea that Donald Trump doesn't have the authority to do

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tariffs under the Constitution. It says that Congress is the

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one who has the taxing and tariff authority, but actually

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under the executive authority, there's all kinds of ways that

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the President can lay down tariffs. But in the meantime,

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this case is going on. This is a guy by

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the name of Victor Schwartz and his lawyer talking about

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the lawsuits that they have brought forward and we'll find

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out if they're successful. If so, it would really throw

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all of this tariff hullabaloo into total chaos. Here's the

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plaintiff and his lawyer.

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Speaker 8: Well, they're very impactful, obviously, and you're having with the

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ten percent power for a fifty percent tariff. The numbers

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are big for us. Of course, the uncertainty is a

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major issue, and now we're moving from a uncertain and

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chaotic policy to an onerous policy, and the onerous quality

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is going to be on our cash flow. Very simply,

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we have to come up with all of this additional

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capital to pay for these tariffs, which we have to

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pay upfront at the port. And your business is wine,

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flying spirits, sakes, and alcohol free so things that all

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will be affected, including some wines, everything from many countries

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in the world. There's though avoiding at this time, very

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different from the first time.

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Speaker 6: And there are a lot of business owners like you

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who might be frustrated with the tariffs. Some do support them,

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but bottom line, everyone is having to figure out how

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to deal with them.

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Speaker 9: That's correct.

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Speaker 8: Well, it was kind of a meeting of minds. I

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was introduced to the Liberty Justice Center through Elia Soman,

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and I got in touch with him really just to

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tell him about what was going on in our particular industry,

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in the wine and spirits industry, because we have been

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talking about it since last summer. Elias suggested that I

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get in touch with Jeff Schwab, who's with us today,

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and Jeff said, why don't you join our case? And

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then he asked me to be lead plaintiff, which was

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flat okay, a lot of pressure. That was a little different.

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I'm going to show up here with talk to you.

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Speaker 1: Well.

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Speaker 9: We have many theories, actually, the first of which is

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that the statute that the president uses, which is referred

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to as AIPA, doesn't actually allow tariffs, and no president

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has ever used it for teriffs. It is an emergency action, sure,

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that allows the president to take other actions, but it

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doesn't say anything about tariffs. So that's our first argument.

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But even if it does, there are other mechanisms. There

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has to be an emergency, it has to be unusual

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and extraordinary. And then even under what the president is saying,

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even if if you accept all that is true, that

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power that the President is claiming would create a constitutional

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problem because Congress, not the president, has the ultimate authority

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to impose tariffs.

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Speaker 8: First of all, I want to say, after seeing what

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happened after our victory in the Court of International Trade,

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the outpouring that's come to me from across the political

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spectrum has been amazing. And what is apparent to me

401
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is that this is first a bipartisan effort, has nothing

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to do with politics and has to do with business owners.

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So if the administration needs to go through Congress as

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they're supposed to do, as our constitution says they should

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do and must do, then the Congress is going to

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have to answer to their constituents across the country, and

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that's going to be a problem for them.

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Speaker 1: I know the President gets sued a lot, but this

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one's different. This is small business owners and some states.

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But the small business owners may make some traction here,

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and if they do, that just puts one more delay

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question mark over the whole business about the terriffs and

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how much it's going to cost to do business. It's

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just one more confusing point regarding economic policy in this country.

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Now to the latest on Russia. Apparently Steve Whitkoff is

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going to have a meeting on Wednesday, maybe with Vladimir Putin.

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We can't confirm it, but the Russians say that the

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meeting is set up, but Wickkoff is not confirming that

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he's going. But we're expecting he will be there in

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Moscow on Wednesday to meet with Vladimir Putin. The problem

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with Putin is right now, he's telling everybody that he

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sees progress from the Russian side. The Russians are making

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progress in Ukraine, and so he doesn't he's not in

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the mood for a cease fire talk. But who do

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we talk to whenever we bring these subjects up? Of course,

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here's General Jack King Well.

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Speaker 2: Putin in this case Memdev, who's his deputy chairman of

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his Security Council. He was a stand in president for

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him during two thousand and eight to twenty twelve, and

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he uses him kind of as a as a spokesperson

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to express his views. And what Memdev did here to

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precipitate the president's actions once again brandeds the threat of

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nuclear weapons use and believe me, this is a part

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of their instrument of national power. They use psychological warfare,

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is how I would describe it, and they were quite

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successful in the Biden administration because as a result of

437
00:28:00,079 --> 00:28:03,359
threatening the use of tactical nuclear weapons, Biden restricted the

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use of our weapons. He held them back, long range missiles, tanks,

439
00:28:07,400 --> 00:28:11,279
F sixteens, to name a few. The Europeans were onto it,

440
00:28:11,359 --> 00:28:13,279
and they realized that this was a bluff and we

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00:28:13,319 --> 00:28:16,599
should stop submitting to that bluff and changing our behavior,

442
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and they forced the Biden administration to provide those items.

443
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I just suggested the Europeans that is because they were

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in a sense calling the Russians bluff. The President has

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heard this and he wants them to know unequivocally that

446
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he's in charge here. He's not going to submit to

447
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this kind of intimidation and coercion and psychological warfare. And

448
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that is a message he is sending by announcing the

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deployment of two nuclear powered submarines. By the way, all

450
00:28:46,480 --> 00:28:49,839
of our submarines are nuclear powered. Fourteen of them carry

451
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nuclear ballistic missiles as part of our strategic triad arsenal. So, yes,

452
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this is much It's about messaging more than anything else else,

453
00:29:01,359 --> 00:29:04,000
and it's by the president. I am not going to

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submit to this kind of intimidation. Yeah, well, certainly he's

455
00:29:07,279 --> 00:29:10,640
always been able to work around sanctions. He's not all

456
00:29:10,680 --> 00:29:14,720
that intimidated about him. But the combination of tariffs and sanctions,

457
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and the kind of sanctions we're talking about here is

458
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really going after the major buyers of Russian oil that

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we know for a fact that Russia is the one

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commodity economy oil and gas. And you go after China,

461
00:29:30,839 --> 00:29:34,640
India and Venezuela, Brazil, other countries that are purchasing this oil,

462
00:29:35,160 --> 00:29:37,400
it will definitely have some impact. It won't have an

463
00:29:37,440 --> 00:29:39,599
immediate impact, but it will have impact.

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Speaker 1: Then.

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Speaker 2: Their economy is already struggling with very high inflation devaluation

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of the ruble. The Russian people, though overwhelmingly the majority

467
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of them, still support this war despite forty one months,

468
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and it has to do with how Putin characterizes it.

469
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He's talking about the United State in the West encroaching

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on Russia, wanting to deny Russia their sovereignty and their

471
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ability to exist as a nation. That's how he portrays

472
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this war on state television day in and day out,

473
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day in and day out, and he avoids getting conscripts

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or new recruits from the western part of Russia. He

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gets from some central and eastern Russia, and if there

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is a death as a result of one of these

477
00:30:25,880 --> 00:30:29,240
soldiers being killed, they pay them the equivalent of one

478
00:30:29,319 --> 00:30:33,160
hundred and fifty thousand dollars, which is really quite stunning

479
00:30:33,759 --> 00:30:38,119
giving the Russian economy. So the people are still supporting.

480
00:30:38,559 --> 00:30:42,799
Putin knows that, and the reality is here, these sanctions

481
00:30:42,799 --> 00:30:45,200
will take its toll on the people and the economy

482
00:30:45,200 --> 00:30:46,200
once they're enforced.

483
00:30:46,839 --> 00:30:49,279
Speaker 1: The other problem about all of this is India talked

484
00:30:49,279 --> 00:30:52,079
before about the Prime Minister Modi and the fact that

485
00:30:52,160 --> 00:30:55,279
he plays both sides. He plays Russia up, he plays

486
00:30:55,319 --> 00:30:58,000
us up. He wants to be friends with everybody. Well,

487
00:30:58,039 --> 00:31:00,559
Donald Trump is saying, if you keep buying the oil

488
00:31:00,599 --> 00:31:03,519
from Russia, we're going to slap huge sanctions on you,

489
00:31:03,839 --> 00:31:07,160
and Mody said, go ahead, We're going to keep buying

490
00:31:07,200 --> 00:31:09,960
the oil from Russia because we get it really cheap.

491
00:31:10,640 --> 00:31:13,400
So they're going to have to work out. President Trump's

492
00:31:13,400 --> 00:31:17,200
gonna have to work out something with President Mody or

493
00:31:17,240 --> 00:31:22,480
we're going to be in basically loggerheads with that country.

494
00:31:23,279 --> 00:31:29,000
And then, just in some miscellaneous news crossing the wires today,

495
00:31:29,680 --> 00:31:33,480
this Sydney Sweeney thing is getting hilarious. Even President Trump

496
00:31:33,960 --> 00:31:38,680
was asked about it today with the American Eagle ad

497
00:31:38,720 --> 00:31:42,839
that she did for her genes, and he says, as

498
00:31:42,839 --> 00:31:45,960
long as she's a registered Republican, he thinks it's great.

499
00:31:46,720 --> 00:31:49,440
There was a lady, I don't know what left organization,

500
00:31:49,559 --> 00:31:52,559
but she was a lefty and she was literally all

501
00:31:52,559 --> 00:31:55,839
wound up about this and saying that this is essentially

502
00:31:55,880 --> 00:31:59,039
what the Nazis did. And you know, if you don't

503
00:31:59,079 --> 00:32:01,240
know what to say, just put out the Nazi banner

504
00:32:01,279 --> 00:32:04,839
and throw that around the head of Jaguar. The CEO

505
00:32:05,079 --> 00:32:10,559
of Jaguar, he has resigned. He has quit. This is

506
00:32:10,599 --> 00:32:13,759
the guy who came up with the ad for Jaguars

507
00:32:13,799 --> 00:32:17,279
that did not have any automobiles in it. It just

508
00:32:17,400 --> 00:32:22,599
had people kind of dancing around with various colors changing.

509
00:32:23,279 --> 00:32:27,400
It's weird. It was supposedly woke. I don't even know

510
00:32:27,440 --> 00:32:30,319
what it was. It was just weird. How can you

511
00:32:30,319 --> 00:32:32,359
have a car commercial without putting a car in the

512
00:32:32,400 --> 00:32:37,640
car commercial? So anyway, that guy's gone. You know, you

513
00:32:37,759 --> 00:32:41,079
try things, it doesn't work your toast. That's what happened

514
00:32:41,359 --> 00:32:47,799
at Jaguar. Lonnie Anderson died yesterday at her home seventy

515
00:32:48,039 --> 00:32:54,119
nine years old. Lonnie Anderson was a receptionist for WKRP

516
00:32:55,079 --> 00:32:59,880
in Cincinnati, and I just love that show. It was

517
00:33:00,359 --> 00:33:04,160
everybody on that show. There was somebody at every radio

518
00:33:04,240 --> 00:33:08,960
station that is exactly like that. The receptionist, big blonde,

519
00:33:09,519 --> 00:33:13,200
the head of sales, a herb, kind of a goofy guy,

520
00:33:13,799 --> 00:33:18,279
the general manager. It was a great show, absolutely a

521
00:33:18,279 --> 00:33:21,519
great show. So Lonnie Anderson passed away. Nancy Mace, the

522
00:33:21,559 --> 00:33:25,240
congresswoman from South Carolina, she has thrown her hat into

523
00:33:25,240 --> 00:33:30,559
the ring. She's running for governor. And Boeing just cannot

524
00:33:30,839 --> 00:33:36,559
catch a break. Their division that makes fighter jets. The

525
00:33:36,599 --> 00:33:39,519
people that worked there, three two hundred of them in

526
00:33:39,599 --> 00:33:44,200
that division, they have gone on strike. So Boeing keeps

527
00:33:44,240 --> 00:33:48,240
getting the short straw on all these deals. Wall Street

528
00:33:48,279 --> 00:33:52,079
today it was turned around from Friday. We went down

529
00:33:52,640 --> 00:33:56,640
five hundred points on Friday. We went up five hundred

530
00:33:56,680 --> 00:34:00,519
points today a five hundred and eighty five forty four

531
00:34:01,039 --> 00:34:05,359
one seventy three. So much for the distorted employment reports.

532
00:34:06,880 --> 00:34:12,639
SMP up ninety one, Nasdaq up four hundred three, price

533
00:34:12,679 --> 00:34:15,440
of gold up twenty nine dollars to thirty four to

534
00:34:15,559 --> 00:34:18,400
twenty eight, and the price of oil, fella buck, it's

535
00:34:18,400 --> 00:34:22,360
at sixty six dollars for one barrel of oil. Thank

536
00:34:22,440 --> 00:34:25,039
you for coming by today. We are going to try

537
00:34:25,039 --> 00:34:26,960
this the end tomorrow, and we hope to see you

538
00:34:27,079 --> 00:34:27,280
then