Speaker 1: And hello, Hello, Hello, Hello, How are you welcome to
the Big Podcast on this Tuesday. The day is the
fifth day of May, Year of Our Lord, twenty twenty six.
Speaker 2: My name is Tom Sullivan. So we have we have
a summary of a bunch of different states that are
involved in primaries. In California, there's going to be a
big governor's debate out there tonight. We'll give you a
little insight into some of that oil and gas prices.
I mean, it's just it's I wish I could I
could do some sort of happy, go lucky report about that.
But all these people that I'm following are saying that
they're probably going to go higher, especially the longer this
whole conflict in Iran last. But let's start with Let's
start with the war. We'll get you up to date
on the very latest of what's going on, because it's
it's starting to look like the President is doing everything
he can not to restart combat. He wants to get negotiations,
but he's been putting. He gave them two to three days,
and he gave him three to five days, and he
gave them. It just keeps getting extended and extended extended
to the point where I don't think Iran is not
only not serious about entering into any sort of negotiations
for a peace agreement, but I also think that they're
breaking the cease fire agreement and they're just pushing to
see how far they can push the president. The people
in charge in Iran, not the politicians, not the Ayatola,
the Sun, not the It's the IRGC and the people
that run that are supposed to be the most hardline people.
Ever they're illogical or delusional. I don't think there's any
other way around this until we get back to a
military action to take control of the country. Once we
do that, then we can move forward. But I don't
think otherwise. I think we're just going in circles. I'll
start with the guy we use a lot on this podcast,
General Jack Keane.
Speaker 3: Yes, well, this is a major priority here that's taking place,
and President Trump's done, in my judgment, exactly the right thing.
And we just go back in time. We know what happened.
Irani is closed down the straits of a moose, and
we began negotiations because it appeared like something tangible could
come of the ceasefire, and negotiations well after three plus weeks,
it's pretty apparent to the administration that Iran is not
going to present anything to the Administration that's acceptable, and
certainly one of the things on the table was to
open up the straits of a mouse. In the meantime,
during those three weeks, we put down a blockade, obviously
to shut down all of Iran's exports, and that has
been very, very successful. Exports, certainly by sea trans land experts.
Exports are still going out, but the overwhelming majority is
shut down. And President Trump recognized full well that they're
not going to voluntarily open up the straits of a moose.
So we're doing it by force. And it's a major
comprehensive operation, as you just indicated, involved in hundreds of airplanes,
scores of ships involved in this layered defense that goes
deep into Iran to detect any incoming missile, incoming drone,
and then at the terminal defense right in the straits
of a moose's take of a dome being placed over
ships that are passing through the straits of a moose
to defeat fast boats which have been defeated, drones that
fly in that area, or anything that penetrates through the
layered defense itself. Even a shoulder fired weapon from Iran's
land is a factor here and has to be defeated.
The lane that's been opened, their minds have been cleared,
is very close to Aman in terms of its land base,
right there at the straits of a Moose, so it
we're not near the Iranian side, but it's only twenty
miles away, so most drones and missiles obviously can reach
it in any event. So what has happened here, Six
ships have gotten through. That's just they're dropping a bucket
in terms of the hundreds that are sitting in the
Persian Gulf. The reason we're doing this is because those
ships are sitting there and they need food, they need
to get out of there. I mean, they're being held
back by the Iranians. So that's the decision the President
has made here, and I think it's the right decision.
There are two things that will likely force us to
go back into combat operations in addition to this priority mission.
Fire on US warships that has happened, and also fire
on our allies and partners in the region of US
spaces and that has happened as well. So it's likely
that we will go back into combat operations, but the
priority will be opening up the straits of a Moves
and getting the traffic to flow. And the amount of
resources we have involved in this thing is really quite significant,
and you outlay some of it and I've just filled
in some of the blanks here. More to follow on
this operation as we go through the days in front
of us.
Speaker 2: Yeah, so he said there are two things that will
get combat operations up and running again. One of them
is firing on our ships. The second one is firing
on our allies. He said, both have happened, and it's true.
Let's see, looking down my list of things that happened
since yesterday. Iran has fired on ships nine times since
the ceasefire went into effect, and they have taken they
have seized two container ships. They've attacked US forces ten times.
But apparently all of this is below the threshold of
restarting combat now. General Dan Caine gave at the Pentagon
the Gate this morning, gave a briefing and said they
asked him about, well, what is the what's the threshold?
I mean, what more do you need? And he said,
that's not my call, that is for the president. So
we have sank six of their fast boats since they
were approaching our ships. And Pete hag Sith, the Secretary
of Defense, said today in his opening comments at the Pentagon,
the ceasefire is not over. And I'm going, what do
you mean the ceasefire isn't over. We've they're firing on
our ships, they're firing on our allies. It sure seems
like a ceasefire is over. But so anyway, they've got
a couple of ships that have gone through. But the
normal traffic that goes through the Strait of Hormuz is
approximately one hundred to one hundred and twenty ships each
and every day. David Roady, who is a NBC reporter,
he covers national security in the Pentagon. This is his assessment.
Speaker 4: You can get very messy, and Congression officials called me
right when this broke. There was a call that Admiral
Cooper did the commander in the theater. It was an
excellent briefing, to be honest, and I'm biased to sort
of a reporter, but very fact based, lots of details,
and it was very clear this was a major American
attack on US Navy ships. The US Navy was able
to shoot downs the drones and cruise missiles. These small
boats aren't that big of a threat. The American helicopters
took them out. But at any time, Iran has these
missile capabilities, drones and ballistic missiles. They hit a refinery
yesterday in the UAE. So again, if the US is
going to somehow walk away and some European force is
going to take over all this, I just don't understand
how it's going to work up. And then, last of all,
an administration and i'll say a defense secretary in particular
and a president who talk about toughness, staring down the
enemy and never you know, reflecting strength. This was a
direct attack on American forces. This put US sailors in danger.
We shot down those weapons, but there's no question these
congressional offishers who got you know, separate information on it,
this was a significant attack on US forces. The resident
is making the decision to not say that the violation
that the ceasefire has been violated.
Speaker 2: That's a political decision.
Speaker 4: General Caine himself said it's not my decision, but clearly
this is a violation the ceasefire. And so the administration
is going to just keeps trying to say everything's going well.
Ceasfire is going to continue, but the core problem is
not solved here, and I think it's going to take
American forces staying there for months, if not years, to
reopen a straight to that po.
Speaker 2: Yeah, he's he said, years, Yes he did. You heard
that right, But I mean again, the ceasefire. I mean
this guy like like I am, I'm going to ceasefire
has been violated. But Pete Haegsas says no, the ceasefire
is still in effect. Meantime, General Dan Cain, the Chairman
of the Joint Chiefs at the Pentagon briefing this morning.
Speaker 5: We low harassing fire right now. It feels like Ron
is grasping its straws to try to do something across
the southern flank. To your question, David, their command and
control structure remains very fractured, and I think they're struggling
to maintain control down echelon at the edge. But we're
still it's still pretty low level kinetics at this point
in time.
Speaker 2: They're doing everything to ignore the elephant in the room.
The kinetics are kinetics. They are attacking our ships. So
again it goes back to the question of is the
Foreign Minister in charge, is the Iatola in charge? Is
the IRGC in charge? General General Keane makes it very clear.
Speaker 3: Well, I think we know who's in power. It's certainly
not the president he's been sidelined some time ago. It's
certainly not the foreign minister who's been sidelined some time ago.
The IRGC is in charge. There's there's no doubt about it.
They've got the guns and they have the access to
the Supreme Leada. Obviously Moltaba comin A, who's the son
of the Ayatola, he doesn't have the power that his
father had, and is the power that came here being
filled by the IRGC leadership and they are calling the shots.
I don't think we should pay much attention to what
the foreign minister says, or frankly, to what the President
of Iran said. The guys in charger as I'm meant,
and the principal person in charges I'm in Vehiti and
he and his cohorts, they are as hard line as
anybody that has been in control of Iran. And we've
got to understand that no thought of monerits here. These
are hardline leaders and from where they're concerned, you only
have one objective here, that is to survive. They believe
if they survived, they eventually will recover. So even our
blockade and it's economic peril it's imposing on the country
and the people, they're willing to absorb that suffering. You
have to understand how diabolical these people truly are. They
don't care about the suffering of their people. That's just
the reality of who we're dealing with here. And that's
why military force is being applied here because they are
certainly not going to voluntarily open up the straits of
Moves themselves. We've got the force that to happen.
Speaker 2: I think you can tell General teene A he's a
military man, but b I mean, he's just he's trying
to be politically nice, but he's calling the shots and
he's going this is going to take a military action
in order to get this solved.
Speaker 3: Well, I think it's inevitable that we're going to return
to combat operations here with full throttle Israeli combat operations.
They're not involved in the straits of a Moos. We are.
The priority for us will continue to be opening up
the straits of a Moves. We likely can do some
selective targeting of some very critical targets. As Iran continues
to violate the ceasefire, understand that, so our audience gets this,
we did not violate a ceasefire. All we did is
move ships through the straits of a move and we're
in a completely defensive crouch to protect the ships going
through there. It is Iran who broke the cease fire
by firing at the shop, by firing at UAE and
Oman and Seleny fire at US warships to include the
merchant vessels. They violated the ceasefire and were completely justified
in responding to that.
Speaker 2: Well, another military man, retired admiral, he was a former
NATO commander for the US Navy, Admiral stav Ritez, and
he's usually pretty laid back, but he's looking at the
ships and the sailors that are on duty trying to
bring ships through the strait of ourmuz as incredibly brave.
Speaker 6: Those are very brave merchant captains who made that decision.
Considering we don't have a good picture of the mind situation.
Are their minds and are there a lot of minds
we don't know. Certainly, the attacks by the Iranians have
continued the threat is certainly still there because of the drone.
So my hats off to the merchant captains who made
that decision to go evidently unescorted through the strait. That's
a pretty risky proposition for those big merchants loaded up
with oil. What needs to happen is if we're going
to undertake an escort program like this, got to get organized,
got to get them in convoys, got to put guided
missile frigates and destroyers with them, got to sweep for minds,
a lot of work to do before that strait is
actually fully open. Let's begin with this kind of tail
of two blockades. You've shown one there, and it's not
as simple for the Iranians as getting out of green
sharpie or a red sharpie and drawing the line. In
order to really enforce that, they're going to have to
have a lot of not only mines, they're going to
use small boats, they're going to use drones. So they've
got capability and capacity, but it's a challenge. The US
Navy blockade, which is one thousand miles of Iranian coastline,
continues to pace, and the whole is that that will
put economic pressure on the Iranians and get them back
to the table. In terms of escort or guide, to me,
those aren't technical military terms, but to me, an escort
would be think basketball. It would be pretty close to
a man demand kind of defense. You'd put probably five
merchants together, put a guided missile cruiser with them, and
you'd drive through the strait together to give them protection.
Think of that as escort. In terms of guide them,
you might think zone defense. You'd kind of put up
a few guided missile ships and then the merchants would go,
if you will, from safe spot to safe spot going through.
We should not underestimate the effort it will take to
open the straight and keep it open. Think one aircraft carrier,
two dozen guided missile destroyers, half a dozen frigates, three
hundred air force aircraft, fifty arms. I'm not trying to
drag you into military porn here, but it would take
a lot of capacity to keep that straight open.
Speaker 2: Well, the numbers are staggering as far as the personnel,
the ships and everything else that we need, and we
how long are we going to keep them around? This
isn't something we're going to do for a couple of days.
If we're going to keep that open, and we're not
going to come to a ceasefire agreement or a peace agreement,
and the IRGC is still in charge of everything going on,
and ran this could go on forever until we do
a military attack. And then one more question for the
admirals and see was the NATO commander, what about the
announcement that we're going to pull five thousand American troops
out of Germany.
Speaker 6: Let's do the numbers. There are one hundred thousand US
troops in Europe, so five thousand is five percent. It's
hardly a death blow to NATO or the US forces Europe.
On the other hand, it has high symbolic content, and
our largest concentration of troops, about thirty thousand, are in Germany.
And it also kind of rattles fears in other places
where we have troops, such as northern Italy, Spain. We
have a large concentration of guided missile destroyers, and all
of these European countries derive benefit from those troops. There's
a huge economic impact on their economy. So I think
this is symbolic, it's a sign of displeasure on the
part of the president. Final thought, I am hopeful that
the Europeans will in fact participate in a mission to
open this strait. This may provide some impetus to get
that to happen.
Speaker 2: So let's move back to the United States. Like I
said when we started today, we've got a lot of
state primaries today. The big one and the most controversial
one is in Indiana. This goes back to the Republican dominate.
Indiana is a very state and the Republicans dominate the
scorecard there. There are believe it's seven Republicans and two Democrats,
and the President wanted the legislature in Indiana to redraw
the map to get rid of the two Democrats, and
the Republicans in the state Senate said no. So the
President has set up a whole bunch of people to
primary the Republican state senators and that is what they're
voting on. Part of what they're voting on today. Former
spokesman for the Indiana Republican Party Pete's seat kind of
lays out what the situation is there.
Speaker 7: Well, the expectation game is in full swing this morning.
Supporters of the incumbents have set there over under at
four and a half. They think that anything less than
five incumbents falling is a sign that they were right
all along about that districting vote, and that the president
and his team his allies wasted a lot of time, energy, effort,
and dollars that could have been spent elsewhere like in Virginia.
Then you talk to supporters of the challengers and they're
over under is two and a half. They think three
or more challengers prevailing is a great success for their
side and proof that they were right to take on
these campaigns. But what's been so interesting to me is
how little redistricting has been talked about on the campaign trail.
Voters weren't focused on redrawing the maps. They were in
fact calling their senators and saying, don't do it. We
oppose this, we do maps the right way in Indiana.
So it was the catalyst. It got President Trump involved,
It got these challengers to sign up and run. But
even these challengers will tell you they set it on
the record to other media outlets when they're.
Speaker 2: Going door to door.
Speaker 7: Voters are not bringing up redistricting organically. It's just not
a topic of conversation. Instead, they have widened the aperture.
They're using the tried and true primary messaging of Hey,
these incumbents are insufficiently conservative, they're out of step with
the President's agenda, and you need to turn them away,
all right.
Speaker 2: So if the challengers that Donald Trump is supporting, if
they lose, well the Republicans in the indian the Legislature
thumb their nose basically at the President. No, I don't
see it that way.
Speaker 7: I don't see who's your Republicans thumbing their nose at
the president or telling him to take a hike, as
it were. Rather, I would see them if that happens.
If a significant number of these incumbents are successful today,
I see them saying, mister President, respectfully, we appreciate your endorsement,
but we know these state senators better than you know them,
and we want to return them to the Indianapolis State
House for another four years. I don't really think that
this is about Trump in that sense. This is about
affirming the votes that those state senators cast opposing redistricting.
On the other hand, if the president is successful, if
challengers are successful, that one hundred percent is because of
the Trump endorsement. In most cases, these challengers were little known,
they've never run for office before. A couple of them
are in city or county office, but they don't have
a state Senate district sized base of support.
Speaker 2: The President's name, the money coming in from out of state,
the grassroots support that has been flown here to knock
on doors, that will make the difference for them if
they So, this is a real test of the president's
political ability to get things done the way that he
wants them done, even in the state of Indiana. If
that's not the only place that's looking at redrawing maps
or not Florida, that they are going to be able
to redraw their map, and it may add four more
Republican seats. Ron DeSantis has performed some magic, and well
here's Carl Rove to talk about what's going on in
not only Florida but elsewhere. Well, four seats may not
sound like much, but that could be the difference between
a Republican majority and a Republican minority. What's interesting to
me is Florida has a law that says you cannot
do you cannot draw lines to benefit at a party
or an incumbent. And so you'll notice during this whole
discussion there was muted comments by the legislature and virtually
nothing out of the governor's office. They didn't want to
create a paper trail, if you will, for the court
cases that are sure to follow where people would say, well,
you violated the state's ban on partisan jerry mandering. So
they were quiet about what the purpose of this was
and who was going to benefit and who wasn't going
to be in it. So meantime, the Democrats are not
sitting on their hands. HAKEM. Jeffries is apparently trying to
do everything in his power to try to stop the
State of Florida from redrawing their maps. Right, well, he
too has challenges from the court. So the state of
New York and a referendum passed an anti jerry mandarin
constitutional amendment. So I don't think he's going to have
the capacity to do this this year. He was sort
of foreshadowing that he might do something next year. But look,
this is all politics. He's got the left wing of
his party standing up saying, what are you going to
do to counter what the Republicans have been doing. So
he's going through the motions here looking like he's doing something.
But I think it's unlikely that New York, given its
constitutional requirements and the approaching primaries and so forth is
going to be able to get this all done. But
back to you, you mentioned something. The Democrats are now
targeting forty House Republican seats. They just added I think
it was eight to their list. Now, I think that's
a stretch. Every party going into an election has more
targets than it actually has real good opportunities. They are
hoping that something swings their way, and it could swing
the Democratics way the Democratic Party's way, But I think
the jerrymandering that we've got and the solidity between the
two parties, Remember we have this odd circumstance where President
Trump is unpopular but the Democratic Party is unpopular. Take
the new Harris survey, the generic ballot is fifty Republican
fifty Democrat, which would mean that we would have a
relatively small number of changes in the districts. Basically, would
would really be at risk were Democrat seats that were
carried by Donald Trump and Republican seats that were carried
by Kamala Harris. And that's much smaller than forty seats,
is probably less than twenty seats. Well, we're about six
months away from all of that, so it's a little
bit early, but still things are looking rather split. I
mean this is that Karl talked about one survey, the
hair survey. I've seen a number of them where you
would think that the Republicans are toast because they keep
repeating over and over again how Donald Trump's favorable ratings
have dropped like a rock. But then when they ask
the question, well what about Republicans versus Democrats? Do you
like the Republicans? And a big no. And then they say,
well what about Democrats? Do you like the Democrats? And
an equal number of knows. Nobody likes the politicians for
good reason. So let's move out to California because tonight
there will be a televised debate from the state for
their governor's race, and there are going to be CNN
is hosting this. It's going to be at nine o'clock
Eastern six o'clock Pacific time tonight. I'm going to tune
into sea just exactly what they've got going out there,
to see if they have anybody that has any sort
of strong lead. Harry Enton was talking today though about
gas prices in California, just one of the many things
that you look at. Gavin Newsom's pretending like everything's perfect
in California. Just the gas prices alone made Harry Enton
do a special report about how Californians are getting absolutely
robbed at their gas stations.
Speaker 8: Big Oh my goodness, gracious. I mean, just take a
look at the price of gasoline for a gallon gas.
The national average right now it's four forty eight. But
you think that's been go out to the left coast
top in the United States six dollars and thirteen cents.
There's even a gas station out there where the cost
is about ten dollars per gallon. And of course, if
you've ever been out there, you always know that the
prices in California for a gallon of gas are just
simply put absolutely outrageous, running well ahead of the national average.
The folks in California really getting hurt by this increasing
gas prices.
Speaker 2: And it's a former Californian. It's gotten a lot worse.
It used to be that gas taxes were the big
complaint because they were about eleven cents. Listen to this.
They are much worse. They've expanded gas taxes exponentially since
I moved to the East coast. Let's go back to
hear it.
Speaker 8: That's exactly right. One of the big reasons why you
see this big difference right here is, in fact, the
gas tax out in California, and our partners at USA
Facts helped provide this data for us. Take a look
here the state gas tax and fees per gallon. You know,
in the average state, it's thirty three cents. California again
the top in the nation, more than double that, it's
seventy one. Now, Johnny b the quick math here is
what a difference of thirty thirty eight cent.
Speaker 2: That's a tough one. That's a tough one to do
in your head.
Speaker 8: Yes, yes, it's thirty eight I know it's it's very,
very difficult my math lessons. You're trying to work this
one thirty eight cents. You know, a decade ago the
difference here was just eleven cents. So what you're essentially
seeing here is that Californians are feeling the pain more
and more over the last decade when it comes to
the gas pump. Because one of the big reasons why
is the state gas tax and feest per gallon have
been climbing ever.
Speaker 2: High did he say seventy three cents seventy three cent
tax on every gallon. So before you pay the oil
companies anything, you were already paying seventy three cents a
gallon in California. It's crazy.
Speaker 8: Okay, see this thirty eight cent difference here?
Speaker 2: You see this? What is this?
Speaker 8: You know, nearly two dollars difference here and not much
of a surprise here. California standards for energy and gas
not worth the added gas costs. Look at this. Among voters,
fifty seven percent say it's not worth it. Among independents
it's sixty one percent. It's going to be very interesting
to see if there's a question night when it comes
to those gas costs, because Californians are clearly feeling the pain,
and many of them at this point say, you know it,
it's just simply put not worth it.
Speaker 2: Yeah, the debate is tonight, and I mean, I'm sorry,
that would be pure malpractice on the part of the
people from CNN that will be hosting and questioning the
people in running for governor tonight. So overall gas prices
today the average triple a four dollars forty eight cents.
That's up three cents from yesterday. Diesel average across the
nation five dollars sixty six cents. You heard Harry talking
about California, the average for the cheap stuff six dollars
and thirteen cents. It's over seven dollars average for your
cheap stuff in some of the counties of California. So
speaking of oil and gas, Matt Smith he is with Kepler.
Kepler keeps track of the marine traffic in and out
of the Strait of Hormuz, but they also are a
global consulting firm that keeps track of oil production, use
and production around the world. And Matt weighed in on
where oil prices and gas prices are going.
Speaker 9: Just in the last couple of weeks, we've seen twelve
thousand flights being canceled. That's two million seats. That is
just for maye yes exactly. In terms of jet fuel
exports on a global basis, we see about two million
barrels a day being exported normally. Last month we saw
one point three million barrels a day. So it's not
just the fact that you're not getting jet fuel out
of the Middle East, because they are the large exporters
of the stuff, but it's the fact that Asia is
not getting the Crewe that it needs to refine into
the jet fuel, and so they're trying to meet their
domestic needs and they're struggling to meet the export needs
as well. And so it is a series of dominoes
that are falling here, and so jet is the first
one to go. Asia is the first region, but it's
going to spread across the globe, and it's also going
to spread.
Speaker 2: Across the products as well.
Speaker 9: So you know, the national average here for gasoline is
approaching four dollars fifty a gallon. You know, as oil
prices tick higher five bucks ten bucks higher, that's going
to be reflected through into incremental increases at the pump.
Speaker 2: That's right, he said, it is probably going to go higher.
And jet fuel that the shortages of jet fuel are
going to spread around the globe. And according to Matt,
it's going to spread.
Speaker 9: Here absolutely, yeah, it really is, and it's going to
go across the various different regions as well. So even
when we look at the US, we're extremely well supplied
because we refined sixteen seventeen million barrels a day here,
but we are seeing jet fuel exports out of the
US increasing. They are being pulled into Europe because Europe
cannot get jet fuel from the Middle East. It's the
same on the diesel side of things. We are seeing
more diesel going into Africa, into Australia from the US
because they are struggling to get it in the same
as kind of like Knapp the blending components who seeing
that ultuasier as well because they can't get it from
the Middle East. And so while the US is well
supplied here, it is also getting all of its barrels
being pulled out. Record US crewed exports were seen across
the barrel.
Speaker 2: So if we are exporting a lot of our oil
and gas and fuel and jet fuel, is that going
to leave us dry? And what he's implying is yes,
it will affect us. I can't imagine the President is
going to allow that to continue to happen. But the
demand around the world and the price they're willing to
pay will put a lot of pressure on the US
to keep exporting.
Speaker 9: It is just simply that they will pay up for
these products because they can't get them from elsewhere, and
so that just means that domestic prices in the US
are going to be going higher here. So it's problematic
across the border.
Speaker 2: So at what point does Matt think that we will
get demand destruction that the price gets so high that
people just keep Well, they're already starting to cut back,
but even more so in the future.
Speaker 9: The whole dynamics of all prices have changed over the
last two months. Here, you know, the forward curve is
still very undervalued because what was going to happen once
if as and when this gets resolved this issue, right,
you're going to see certain countries that are going to
be building inventories whereas they didn't have them before, so
they never get caught short again. So that means they're
going to see incredmental demand after this is all finished.
But in terms of the demand side destruction a demand
side of things, you know, it's because these refineries simply
cannot get those products to be able to produce them.
Speaker 2: So before the anchors finished asking him questions about oil
and gas, one of them wanted to know about he
has a trip planned this summer to Europe and asked,
what are the chances of me being able to travel.
Speaker 9: But for June or for August?
Speaker 2: Yeah, what do you think I'd be a little concerned?
Speaker 9: Yeah, if you were saying Asia I'd be more worried.
Speaker 2: But you think the airlines are going to cancel it
out right? I think we're going to get to that point.
Speaker 9: Yeah?
Speaker 2: Wow, yeah wow? Is the offered a word? Wow? What
can you say? So if you have this guy had
had travel plans somewhere between June and what do you say,
June in August and Matt Smith says there's a good
chance your flight will be canceled. All right, let's Wall
Street wasn't canceled today. Let's see what the traders did.
And they don't seem to be too worried about all
this because they just keep pushing the markets higher. The
Dow Jones industrials up three hundred and fifty six to
close at forty nine thousand, two ninety eight, the S
and P five hundred, a new record, up fifty eight points,
the Nasdaq a new record, up two hundred and fifty
eight points, the price of gold up thirty two dollars
to four thousand and five sixty five, and oil. A
lot of that bullishness on stocks was because oil prices
went lower on the Commodities Exchange today. West Texas Intermediate
down four dollars a barrel down to one hundred and
two dollars for one of those oily barrels. That's it
for today. Thank you for coming by. We will be
back again tomorrow and I hope to see you then