Speaker 1: This is Gary and Shannon and you're listening to KFI
Speaker 1: AM six forty, the Gary and Shannon Show on demand
Speaker 1: on the iHeartRadio app. We begin with inflation. Good news
Speaker 1: on this front. Inflation did ease last month. Consumer prices
Speaker 1: in April were up from two point three percent from
Speaker 1: a year ago. It's a small annual increase, but it
Speaker 1: shows that it is cooled off a bit, which is good.
Speaker 1: Now they are predicting impending doom when it comes to
Speaker 1: the tariffs and what that will mean for inflation. But
Speaker 1: right now, the what do you call it, the defecation
Speaker 1: has not hit the oscillation.
Speaker 2: Correct, And this is, like you said, slow, and it's
Speaker 2: the slowest it's been since early twenty twenty one.
Speaker 3: According to the Bureau of Labor Statistics.
Speaker 2: They said that there's a specific number that they look
Speaker 2: at for underlying inflation that takes out things like food
Speaker 2: that can be volatile, energy which can be volatile, and
Speaker 2: they said that inflation went up two point eight percent
Speaker 2: compared to the same time last year, which would be
Speaker 2: in line with what we saw a month earlier.
Speaker 1: That aside, if you are going to look at food,
Speaker 1: I don't know why they continue to look at eggs,
Speaker 1: especially when we're in the midst of a bird flu.
Speaker 1: They do, though, they continue to look at egg prices
Speaker 1: which were down twelve point seven percent in April because
Speaker 1: there was a break and the bird flu. It had
Speaker 1: nothing to do with inflation. Leave the eggs out of
Speaker 1: it if you're looking for an indicator, because they have
Speaker 1: been up and down and up and down just because
Speaker 1: of that bird flu alone.
Speaker 3: Yeah.
Speaker 2: I mean look at the things like they do, very
Speaker 2: specific categories here, food away from home, motor vehicle insurance,
Speaker 2: non alcoholic beverages, tobacco and smoking products. I think all
Speaker 2: of those would be more outside of some sort of
Speaker 2: regulatory issue, those would be a lot more indicative of
Speaker 2: the actual inflation.
Speaker 1: Stephen Brown is an economist of capital economics. He says
Speaker 1: the overall tariff impact was muted, furniture costs were up
Speaker 1: a bit. But they say this coming on the significant
Speaker 1: u turn news from the Trump administration on the tariffs
Speaker 1: with China, is good. That this news coming on the
Speaker 1: idea that we see relief on the horizon, is all
Speaker 1: good for the economic forecast. I cannot find an article,
Speaker 1: even from Trump enthusiasts, where we won the whole thing
Speaker 1: with China, and I wasn't expecting to I wasn't expecting
Speaker 1: to see Chin. I did see articles of Oh, China
Speaker 1: pulled one over on Trump or what have you, but
Speaker 1: they come from the sources that you would expect them
Speaker 1: to come from. These were two superpowers trade partners that
Speaker 1: were not going to budge. Nobody was going to capitulate
Speaker 1: wholeheartedly here.
Speaker 2: Yeah, And I mean the ninety day pause or the
Speaker 2: ninety day e callback of the one hundred and forty
Speaker 2: five percent tariffs down to thirty percent. That doesn't mean
Speaker 2: this is over by any means, because there have been
Speaker 2: plenty of times when China has entered into agreements with
Speaker 2: the United States or the world think the World Trade
Speaker 2: Organization or whatever, and then just turned their back on
Speaker 2: those agreements.
Speaker 4: Well, and I'm.
Speaker 1: Wondering if it gets louder that Trump did not win
Speaker 1: this round, that he did back down.
Speaker 2: If he jacked down and imposes more interior yeah tariffs,
Speaker 2: how he would react or moves the goalpost in terms
Speaker 2: of what he would want from China.
Speaker 3: Right.
Speaker 2: There is also something interesting about these inflation numbers.
Speaker 3: Two things.
Speaker 2: Number one, As we mentioned at the beginning, these are
Speaker 2: kind of lagging indicators. So this is last month's inflation.
Speaker 2: We didn't really get a chance for tariffs to kind
Speaker 2: of take hold. Before any of this materialized. In terms
Speaker 2: of inflation numbers, there could be a bump up if
Speaker 2: nothing else, just anticipation of the tariffs, and of course
Speaker 2: our biggest trading partner in China. That means that you know,
Speaker 2: with those off the table, the blip would be temporary.
Speaker 3: But the second thing is what impact this has on.
Speaker 2: FED chair and whether or not in the next meeting
Speaker 2: they decide to lower lower interest rates because you usually
Speaker 2: raise interest rates to try to cool off inflation. Now
Speaker 2: that it is cooling off, are they ready to lower
Speaker 2: those interest rates again and start moving some of this
Speaker 2: money around?
Speaker 1: Well, the Trump family business has grown significantly in recent
Speaker 1: months in the Middle East. His sons have spent the
Speaker 1: past few weeks crisscrossing the Middle East laying the groundwolk
Speaker 1: work for deals that are going to benefit the Trump
Speaker 1: name and the company. A lot of people talking about
Speaker 1: constitutional conflicts, and this is just fascinating stuff. Not a
Speaker 1: lot of people pay attention to this, but it is fascinating.
Speaker 1: And before you go name calling or finger pointing, we
Speaker 1: did the same We did the same deep dive into
Speaker 1: Biden and his family and the hunter. Hunter's fascinating how
Speaker 1: connected globally our political leaders are here in the United States,
Speaker 1: which goes to my point that they're never just looking
Speaker 1: out for the country. They're looking out for the bottom,
Speaker 1: the bottom, the bottom line when it comes to dollars
Speaker 1: and cents and families. By the way, did you hear
Speaker 1: Biden's basically broke that. Usually, you know, a former president
Speaker 1: goes out on the speaking circuit, makes boatloads of money,
Speaker 1: but no one's paying for that. You can't do that
Speaker 1: er speech exactly, and no one does, and so he's
Speaker 1: not making any money. Apparently they're in not good straits,
Speaker 1: the Biden family financially.
Speaker 3: Well.
Speaker 2: We'll continue this great Tuesday show. A true crime Tuesday
Speaker 2: is coming up late in the show. Of course, we've
Speaker 2: got a wellness segment coming up. And I saw this
Speaker 2: amazing article airlines are planning for nuclear war. Yeah, I'm
Speaker 2: really interested in that. It's the weirdest concept to think of.
Speaker 1: How about plan for just getting from point A to
Speaker 1: point B and having your traffic controllers to get you there.
Speaker 3: Let's start with new one. Yeah, and then we'll move on.
Speaker 4: Come on, you're listening to Gary and Shannon on demand
Speaker 4: from KFI AM six forty.
Speaker 1: Maybe a little bit of a softer gentler Trump saying
Speaker 1: that he wants to avoid conflict with Tehran. He says
Speaker 1: he's willing to end passed conflicts and forge new partnerships
Speaker 1: for a better and more stable world, even with profound differences.
Speaker 1: He did dispatch Steve Witkoff to meet with Iranian officials
Speaker 1: yesterday for a fourth round of talks, trying to get
Speaker 1: a rando abandon its nuclear program. You're not going to
Speaker 1: get that, but Trump says he hopes Saudi Arabia will
Speaker 1: soon join the Abraham Accords and eventually recognize Israel.
Speaker 3: Are the other things I'm going to get that.
Speaker 2: One of the big applause lines that he just leveled
Speaker 2: for everybody there in Saudi Arabia was a dropping of
Speaker 2: the extended sanctions against Syria now that bash Erasaud is
Speaker 2: out as the leader of that country, trying to give
Speaker 2: them a chance to succeed.
Speaker 5: And also with President Ernigan of Turkey, who called me
Speaker 5: the other day and asked for a very similar thing,
Speaker 5: among others and friends of mine, people that have a
Speaker 5: lot of respect for.
Speaker 3: In the Middle East.
Speaker 5: I will be ordering the cessation of sanctions against Syria
Speaker 5: in order to give them a chance at great This.
Speaker 2: That was, you know, it's probably the biggest applause line
Speaker 2: in that entire speech, that he just.
Speaker 1: Thinks Syria a chance of greatness.
Speaker 3: I mean, everybody deserves a chance.
Speaker 1: Is that right?
Speaker 3: Telling me there's a chance now.
Speaker 2: The big question about the business conflicts, I think is
Speaker 2: one of the things that will hamstring this president.
Speaker 3: We've said multiple.
Speaker 2: Times he can be his own worst enemy when it
Speaker 2: comes to his desire to be the greatest president that
Speaker 2: the United States has ever had.
Speaker 3: He continues to do things.
Speaker 2: That chip away at whatever leg see he wants to build,
Speaker 2: and this is one of them. Allowing his sons, or
Speaker 2: encouraging his sons, or whatever he's doing with his sons
Speaker 2: to crisscross their way back and forth across the Middle
Speaker 2: East to come up with all of these cryptocurrency deals,
Speaker 2: these new Trump organization hotel deals.
Speaker 1: There's going to be money to be made from the office.
Speaker 1: And Trump's legacy is that of a businessman. The Trump
Speaker 1: name is his legacy. This is what he wants to
Speaker 1: be known for. Just last week, his son Eric, spoke
Speaker 1: to a crowded convention center in Dubai about the Trump
Speaker 1: Organization's plans to build an eighty floor hotel and residential
Speaker 1: tower there. He boasted that the incredible icon would redefine luxury,
Speaker 1: have the highest infinity edge pool in the world. On
Speaker 1: behalf of myself, on behalf of my family. Family. We
Speaker 1: love Dubai. This is a blatant We are using the
Speaker 1: office of the President and the Trump name to make money.
Speaker 1: It's blatant is because it's so far in your face
Speaker 1: that it's almost too much to raise your hand and go,
Speaker 1: is there some sort of impropriety here? Is this is
Speaker 1: a thing because it's so they have stepped on the
Speaker 1: gas pedals so far that it erases, well, there can't
Speaker 1: be anything wrong with this. I mean, you're so far
Speaker 1: out in the open with it. It's all legal rights.
Speaker 3: There has been no proven illegality.
Speaker 2: No one has come forward and said what they're doing
Speaker 2: is completely illegal and here's why. But they're also doing
Speaker 2: something to your point, so out in the open, so crazy,
Speaker 2: so wrecking ball to the conventional norms that.
Speaker 3: Who's going to challenge them?
Speaker 2: My question is, did was there a moment when Trump,
Speaker 2: Let's say Trump jumped up in the polls before the election,
Speaker 2: right and he was pretty confident that he was going
Speaker 2: to win. Was there a moment in his mind where
Speaker 2: he thought, you know what, I left a lot of
Speaker 2: money on the table in that first term, and this
Speaker 2: time time we're cleaning out.
Speaker 1: Yes, and let us all be distracted with the red
Speaker 1: herrings involving Alcatraz in the like Trump while the Trump
Speaker 1: brothers are in the Middle East selling the name. We're
Speaker 1: over here going you can't rebuild Alcatraz.
Speaker 2: That was a Steve Bannon dictate, which was flood the
Speaker 2: zone with as much information, fire hose of state going on.
Speaker 1: And then go hard in the paint. It's a basketball term.
Speaker 3: Oh, I know exactly. I know exactly what it is.
Speaker 1: Go ahead, make that segue.
Speaker 3: Oh, that's why I'm trying to fight. Something else to
Speaker 3: talk about more of that.
Speaker 4: In swamp Watch, you're listening to Gary and Shannon on
Speaker 4: Demand from KFI AM six forty.
Speaker 2: That book that comes out next week called Original Sin.
Speaker 2: Jake Tapper from CNN, Alex Thompson from AXIO. They describe
Speaker 2: I wouldn't I don't know if they're complicit in it
Speaker 2: or not.
Speaker 3: I can't wait to read the book.
Speaker 2: But they described the media's cover up of the decline
Speaker 2: of Joe Biden while in the White House during his term,
Speaker 2: and the obvious physical things that we could see in
Speaker 2: events that he was doing, but also some of the
Speaker 2: mental things that people in the White House noticed but
Speaker 2: didn't say anything about or didn't do anything about.
Speaker 1: If you're wondering where that full page op ed from
Speaker 1: George Clooney came from, which really put the ball in
Speaker 1: motion for getting rid of Biden on that ticket, I mean,
Speaker 1: really that was the first thing.
Speaker 3: It's because by far the biggest thing.
Speaker 1: It's by far the big It was like Tom Hanks
Speaker 1: getting COVID. You know, it was like the first thing
Speaker 1: that got the ball rolling in terms of greater attention
Speaker 1: on a singular issue. It's because Biden didn't recognize George
Speaker 1: Clooney at a fundraiser. Yeah, I can't, although I don't know. Oh,
Speaker 1: if I saw George Clooney, I mean I have never
Speaker 1: met him. Biden had met him, but I would say
Speaker 1: something like that's not George Clooney, is it.
Speaker 2: But if you're going to a fundraiser run by guy, Yeah, yeah, yeah, sure,
Speaker 2: and you know who he is.
Speaker 1: That's true.
Speaker 2: One of the things that has come out in this
Speaker 2: book again they're obviously doing drips and drabs to help
Speaker 2: boost the sales, is that aids in the White House
Speaker 2: were so concerned about his physical condition, about Biden's physical condition,
Speaker 2: that they were discussing the idea of putting him in
Speaker 2: a wheelchair if he had been reelected.
Speaker 1: Which makes sense. I was just telling Gary off the air,
Speaker 1: you know, watching him walk to the podium or really
Speaker 1: walk anywhere. If that was our relative, we would have
Speaker 1: had them in a wheelchair. And I think it was
Speaker 1: the suit. Why that didn't dawn on us when you
Speaker 1: saw him walking so gingerly like he was going to
Speaker 1: fall every other step. If that was somebody that we
Speaker 1: know and love in our lives, we would raise the
Speaker 1: issue of, hey, why don't we just put you in
Speaker 1: a wheelchair and it'll be easier, what have you. But
Speaker 1: it's a suit. I think the suit and the fact
Speaker 1: that we've seen Joe Biden for forty years in a
Speaker 1: professional capacity, that that didn't cross our minds. But of
Speaker 1: course it should have crossed our minds.
Speaker 2: Yeah, well, we like I mean, yours is a great
Speaker 2: analogy if that was somebody in sweatpants and a dirty
Speaker 2: T shirt somewhere. Yeah, because dad doesn't have a good
Speaker 2: isn't getting around easily?
Speaker 3: We would have gotten the walker, Yeah, we would have
Speaker 3: gotten a cane.
Speaker 1: We would have done all on those things. Yeah.
Speaker 3: So anyway, that.
Speaker 2: Obviously is going to be one of those stories that
Speaker 2: continues to come up this week.
Speaker 1: Sean Ditty Combs's former girlfriend are mb singer Cassie took
Speaker 1: the witness stand in his sex trafficking trial today. She
Speaker 1: is the star witness. She testified about being abused sexually
Speaker 1: exploited by him for years. Of course, we saw the
Speaker 1: video of Diddy beating her in that hotel in the
Speaker 1: hallway in twenty sixteen, and that has been showed to
Speaker 1: the jurors as well. He met her when she was
Speaker 1: very young, and it seems like it was definitely a
Speaker 1: grooming process, him kissing her shortly after she was signed
Speaker 1: to the record label, introducing her to oral sex, which
Speaker 1: she didn't know about. Later progressive, she testified about his freakoffs,
Speaker 1: some of those crazy parties where gallons of baby oil
Speaker 1: were involved. She says. She testified today again eight and
Speaker 1: a half months pregnant. On the witness stand, she testified
Speaker 1: that these freakoffs became a job that.
Speaker 2: They would go on a lot longer than she wanted.
Speaker 2: She said one of them lasted four days, and that
Speaker 2: at one point in the relationship that was basically all
Speaker 2: they did was they would have these parties, these sex
Speaker 2: driven parties, and then she would recover like that was it.
Speaker 2: She didn't have time to do anything else, and then
Speaker 2: the next one would come around. She was on the
Speaker 2: stand and was asked about that video. Of course, that
Speaker 2: video that we've all seen from the Intercontinental Hotel where
Speaker 2: she is trying to leave. She described it as having
Speaker 2: been right after one of those freak offs and apparently
Speaker 2: had had enough and was going to take off, and
Speaker 2: that's when Diddy comes out in just the towel and
Speaker 2: throws her to the ground and kicks her. They didn't
Speaker 2: spend a lot of time on that when it came
Speaker 2: to testimony, because she then started getting into some of
Speaker 2: the details of these sex parties.
Speaker 3: That they would get into.
Speaker 2: But we'll come back and there's more to this in
Speaker 2: terms of what she again she was twenty one. That
Speaker 2: was the first time they kissed. Was that her twenty
Speaker 2: first birthday.
Speaker 1: Right when she signed the label. She said she feared
Speaker 1: saying no would have consequences making him angry, and also
Speaker 1: worried that he was going to blackmail her with the videos.
Speaker 1: It turns out she may be doing that to him. Well,
Speaker 1: not blackmailing, but those videos of the freak offs maybe
Speaker 1: introduced in court, they kind of set the stage for that.
Speaker 1: We'll talk about it when we come back.
Speaker 4: You're listening to Gary and Shannon on demand from KFI
Speaker 4: AM six forty.
Speaker 1: Did you see Connor and Jack Black on one of
Speaker 1: the late night shows Connor from Love on the Spectrum?
Speaker 1: But no, it wasn't Connor, it was Tanner Tanner.
Speaker 3: Yeah, I did I have seen that? Wait?
Speaker 2: Was it the one where Jack Black surprised him? Yes, yeah,
Speaker 2: I've seen that. Yeah, that's really great. You just reminded
Speaker 2: me of Tanner.
Speaker 1: Mostly lizards and squirrels, but right now it's lizards, but
Speaker 1: the squirrels are there too. And then we sit it
Speaker 1: and then I got cold.
Speaker 3: Do you like lizards?
Speaker 1: I like lizards? Okay, So Cassie Ventura is on the stand.
Speaker 1: This is Diddy's former girlfriend. She entered the courtroom. They say,
Speaker 1: eyes facing forward, passing by the jury box straight to
Speaker 1: the witness stand eight and the half monks pregnant Calms
Speaker 1: was seated, turned around in his chair and watched her
Speaker 1: walk to her seat. No eye contact between the two.
Speaker 1: She would dab her nose and her eyes at time
Speaker 1: with Kleenex and they were wiven. A disclaimer the court
Speaker 1: room was the details are going to be graphic, and
Speaker 1: we will tell you the same.
Speaker 2: She said that she knew that Sean Combs had many girlfriends,
Speaker 2: but that in the early part of her relationship again
Speaker 2: she's twenty one, when they kissed for the first time,
Speaker 2: she thought that they were in a monogamous relationship, but
Speaker 2: quickly realized they weren't. He had been connected to I
Speaker 2: think it was kim Porter as well at the time. Yeah,
Speaker 2: and that she said, within the first year of the relationship,
Speaker 2: he proposed this idea, this sexual encounter these are her words,
Speaker 2: that he called voyeurism, where he would watch me have
Speaker 2: sex with a third party, specifically with another man, and
Speaker 2: she said she didn't feel like she could refuse those
Speaker 2: offers from him because he controlled a lot of her life,
Speaker 2: including her career.
Speaker 1: She described him at this time, in the beginning as
Speaker 1: a fun guy who happened to have her career in
Speaker 1: his hands. That this was the guy who called all
Speaker 1: the shots when she was younger. You can imagine he's
Speaker 1: the head of the label. You're a young artist. All
Speaker 1: of this. She said that some of their arguments would
Speaker 1: be violent and result in some sort of physical abuse.
Speaker 1: Here's a quote. He would smash me in my head,
Speaker 1: knock me over, drag me, kick me, stop me if
Speaker 1: my head was down. She experienced or he experienced, she said,
Speaker 1: mood swings. If she didn't answer her phone, he would
Speaker 1: call her incessantly, send staff to find her. She kept
Speaker 1: broken laptops, iPads and phones. She feared that blackmail materials
Speaker 1: would become public, and she has turned over the laptops
Speaker 1: to the prosecution. They do allegedly store the freak off videos,
Speaker 1: black eyes, bruises, yep, all part of the relationship.
Speaker 3: She is probably going to be the star win.
Speaker 2: I can't think of anybody more impactful than hers her testimony.
Speaker 2: One of the guys that was paid to have sex
Speaker 2: with her testified yesterday, as did the security guard from
Speaker 2: that hotel here in la that was originally called after
Speaker 2: that beating incident where everybody caught on tape what he
Speaker 2: did to her.
Speaker 3: She said that.
Speaker 2: All of that stuff that she's got, like you said,
Speaker 2: had been turned over to prosecutors, and there's a good
Speaker 2: chance that they'd be able to recover something that would
Speaker 2: also be one of those things. Here's my question. Though
Speaker 2: he's not charged with domestic violence, is he and the
Speaker 2: defense attorneys in this case we mentioned yesterday, Tenny Garags
Speaker 2: is Mark Garrogos's daughter, says that, yeah, Sean Combs had
Speaker 2: an unusual lifestyle and he was a swinger, but that
Speaker 2: the sex was always consensual, which obviously Cassie is explaining
Speaker 2: wasn't and that she also acknowledged that Sean Combs had
Speaker 2: a bad temper this is the defense attorney, and had
Speaker 2: committed some acts of violence against his victims, but that
Speaker 2: they were domestic incidents that was fueled by jealousy on
Speaker 2: both sides.
Speaker 1: Yeah, it's hard to prove domestic violence like this over
Speaker 1: a ten year period. You've got that video that's very helpful, sure,
Speaker 1: but the sex trafficking, the racketeering, that's where the real
Speaker 1: that's where the real time is. When you look at
Speaker 1: that type of sentence, you're not going to get that
Speaker 1: for domestic violence. You're going to get that for sex trafficking.
Speaker 1: If he was moving these girls around like they said.
Speaker 2: He was, well, we'll see what happens when the defense
Speaker 2: also get a chance to question Cassie venture.
Speaker 1: They are on break for lunch. We will get you
Speaker 1: caught up coming up at noon when we talk about
Speaker 1: everything that's trending everywhere, because the story will continue to
Speaker 1: do so. When we come back, though, we've got a
Speaker 1: sex stortion scam that has been linked to a California
Speaker 1: teenager suicide to tell you about. This is a problem
Speaker 1: that is not going away. We'll get into it.
Speaker 3: You've been listening to the Gary and Shannon Show.
Speaker 2: You can always hear us live on KFI AM six
Speaker 2: forty nine am to one pm every Monday through Friday,
Speaker 2: and anytime on demand on the iHeartRadio app.