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Speaker 1: And Hi, how are you welcome to the Big Podcast.

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It's Tuesday. Today is the sixteenth day of December, Year

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

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And yeah it's We've got up got a lot of

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updates for you today. It's another tough day of news

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that we A lot of it happened over the weekend

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and is still information still coming out about it. We've

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got the update from Brown University. We've got the update

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on the murder of Rob Reiner and his wife. We've

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got a new report about the economy out about jobs

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that I want to bring to you. We've got Ford

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Motor Company making some big changes, and a new terror

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threat in Los Angeles for New Year's Eve. So we'll

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get to all of that. Let's start with the murder

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of Rob Reiner and his wife. This is it's still

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just ugly. It just is. I mean, there's all kinds

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of video. I told you yesterday that I found an

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interview when they were when Rob Reiner and his son

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Nick were promoting the movie Becoming Charlie. They did the

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media tour, and that on one of the tours was

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with Howard Stern and I thought it was fascinating. But

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now we're finding out that there's a whole bunch on YouTube.

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You want to go listen to it. It's it's it

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just makes you pause. I know, over the years doing

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the radio show, I had people call when we would

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do topics about mental illness or drugs or both. It

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just got me every time. But there were people that

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called and said, I have a brother, or I have

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a son, or I have somebody that is mentally ill

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and in a dangerous way, or on drugs and in

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a dangerous way. And that's exactly what the writers were

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dealing with.

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Speaker 2: Here.

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Speaker 1: We had a young man who had a drug addiction.

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And yeah, I mean, I always say addictions are an illness,

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it's medical, and so how do you get that addiction

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gene changed? But I would have these people calling, they say,

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I can't get any help for my relative, for my

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loved one. The mental health people won't keep them more

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than seventy two hours. You can't fix some body that's

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mentally ill in seventy two hours. And you can't you

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can't give them, you know, some sort of magic wand

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that takes away their drug addiction. And so it's apparent

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now that even though when they made this movie, Becoming

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Charlie was nine years ago, twenty sixteen, and they went

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around and gave a lot of interviews. I got a

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clip from one of them here, but it what do

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you do? And in one interview I saw with Rob

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Runner that was where he was. You could tell he

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was frustrated, he was exasperated. What do we do. They're

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a wealthy family, so it wasn't a matter of writing

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checks to get somebody to cure their son. But that

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did not do it, and it wasn't tough love necessarily,

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but the son, Nick went out and just went around

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the country being homeless. Here's let me start with this

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little bit of a part of the interview. When they

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were out promoting Becoming Charlie.

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Speaker 2: It forced me to have to see more clearly and

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understand more deeply what Nick had gone through, and I

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think it forced him to see things that I had

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experienced during this process, and it definitely brought us closer together.

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Speaker 1: Sad it may have brought them closer together, but it

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didn't last. And that's where I look at this and

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I go the Nick Reiner thirty two years of age.

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I don't understand there's a whole story about the fact

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that they were at a holiday party at Conan O'Brien's

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house Saturday evening and that there was a blow up

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between Rob Reiner and his son Nick and it was

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embarrassing and everybody. They were loud and everybody heard it.

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And so the other part about this, which is also weird,

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I got a clip of a lady here from La

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magazine talking about the fact that there was a ritzy party.

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It was. It was dress up. It wasn't just come

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by and whatever you're wearing. No, it was a dress up,

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ritzy Christmas party that Conor O'Brien threw at his house,

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and that apparently he told his son that it's going

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to be full of a lot of famous people, and

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apparently it was. It was a real Hollywood thing. And

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Conan O'Brien, it's the same with Rob Brunner, Conor and O'Brien.

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I think some people don't like his humor. I've always

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thought Conan was very funny. He's got a podcast out

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about Uh, Conor O'Brien needs a friend. It's a lot

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of them are just hilarious. It's a funny man. But man,

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i've he is so far left. He is such a liberal,

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so I can see where he and Rob Reiner would

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get along because they're both politically on the same wavelength.

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But apparently this was a rich seat party, and that

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Nick went once they got there. First of all, he

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was in a sweatshirt and jeans, and everybody's dressed to

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the nines. So why did Conan I'm sorry, why did

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Rob Reiner and his wife bring him? Why didn't they

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leave him at home? He's thirty two years old. You

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don't get a babysitter. Are they working that? At one

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point there was in the history of him living at

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his parents home. He lived in the guest house for

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a while, and then apparently he told people he totally

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crashed the guest house, which, in other words, lots of

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property damaged there. But I don't understand why they brought him.

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If he was in his sweatshirt, I don't understand why

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they brought him anyway, It wasn't for their children. And

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when he got there, he went around with a blank

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stare on his face, going up to people going are

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you famous? Because he was told there were going to

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be a lot of famous people there, and he was

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going around asking people if they were famous, which is

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just weird. James Wood a very conservative man that is,

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pipes up on X all the time with lots of

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very conservative views, very pro Trump. He also, despite the politics,

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has a lot to say in honor of Rob Runner.

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Speaker 3: Rob literally saved my career and really put me back

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on track in a way that was so important and

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rewarding in my life. And he really fought for me.

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But when people would say to me, well, what do

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you think of his politics? I would say I think

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Rob Reiner is a great patriot. Do I agree with

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some of or many of his ideas on how that

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patriotism should be enacted to celebrate the America that we

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both love.

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Speaker 1: No, but he doesn't agree with me either. Well, I

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like what James Wood said there because I think and

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there's a number of people in the audience who have

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complained about They've sent me some email or whatever. I

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can't understand why I believe certain things or why I

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don't believe certain things. And it's okay if you believe

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something that I than me. It's okay if I believe

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something different than you. Not the end of the world.

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There's James Wood and Rob Reiner and James Wood's had

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nothing but thanks for Rob Reiner. So this afternoon Nathan Hakman,

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who is the Los Angeles District Attorney, came to the

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microphone with the news, Well, Los Angeles District Attorney's office

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had a bad audio feed, and so we first announced

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that yes, there will be murdered charges with special circumstances

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because he used a knife. And then they finally got

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their audio problem solved. And here's what Nathan Hawkman had

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to say after that.

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Speaker 4: I want to announce that they're just that they are charges.

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Charges are not evidence. Evidence is something that we will

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be presenting in a court of law to meet the

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standard of proof we meet in every criminal case, which

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is beyond a reasonable doubt towel twelve jurors who will

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unanisually have to find that we've met that standard to

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prove the charges we bring to court.

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Speaker 1: Right now.

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Speaker 4: With respect to the process Nick, once he charges get

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filed this afternoon, Nick Reiner will be then brought to court.

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He is going through medical clearance, something that everybody who

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who gets arrested and gets held in the Los Angeles

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County Sheriff's Department jail goes through. Once he is medically cleared,

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he will be brought to court to be arraigned on

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these charges. At that point he will enter a plea

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of guilty or not guilty. Now, prosecuting these cases involving

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family members are some of the most challenging and most

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heart wrenching cases that this office faces because of the

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intimate and often brutal nature of the crimes involved. Rob

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Reiner was a brilliant actor and director, an iconic force

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in our entertainment industry for decades. His wife, Michelle Singer Reiner,

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was inequally iconic photographer and producer. Their loss is beyond track,

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and we will commit ourselves to bringing their murderer to justice.

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Speaker 1: So he went on at some length thanking everybody in

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the District Attorney's office, and then got around introducing LAPD

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Chief Jim McDonald.

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Speaker 5: Well, good afternoon, and thank you all for being here today.

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And it's with deep sadness today I address the tragic

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loss of Robert Michelle Reiner. On December fourteenth, twenty twenty five,

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LAPD officers from our West Los Angeles Division responded to

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a death investigation at the two hundred block of South

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Chadbourne Avenue, which is in the Brentwood section of Los Angeles.

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Upon entering the residence, they discovered the bodies of mister

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and Missus Reiner. Detectives from our Robbery Homicide Division Homicide

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Special Section immediately initiated a comprehensive investigation. The evidence gathered

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led to the arrest of their son, Nick Reiner, who

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was taken into custody later that night without incident, and

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the Exposition Park section of our city Today, the Los

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Angeles County District's Attorney's Office has formerly filed charges against

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mister Reiner for the murder of his parents. This case

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is heartbreaking and deeply personal, not only for the Reiner

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family and their loved ones, but for our entire city.

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We extend our deepest condolences to all of those who

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are affected by this tragedy.

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Speaker 1: And then the chief went on to thank everybody that

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worked on this case at the LAPD. They obviously are

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still doing a lot of work. Women from LA magazine,

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Lauren Conlin, was asked about the whole Reiner situation.

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Speaker 6: Was reported that Nick actually recently moved back into the

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home with his parents after you know, possibly hitting rock bottom.

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It was very well known in their orbit in the

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family orbit that Rob and Michelle had pretty much done

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everything that they could up until this point. I mean,

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as parents, we always do the best that we can.

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And there's actually a line in the film Being Charlie

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that Rob and Nick worked on together where the father

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in the film says something along the lines of you know,

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I'd rather you hate me but still be alive. And

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Rob had said, you know, this absolutely rings true, and

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he admitted this as well, that maybe he didn't react

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the way he should have reacted when he found out

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that Nick was doing drugs back in twenty fifteen. I

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think the knee jerk reaction was to ship him off

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to a rehab and that, you know, caused some rifts

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in the family. But again, we do the best that

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we can as parents, and so I think that upon

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discovery of their bodies, Roamy, the daughter, the youngest daughter,

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she had said, you know, I think you should look

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at my brother, and she told this to the police.

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Speaker 1: A family friend, Heather Michaels, kind of gave us more

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of an update on what had been the status of

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Nick Reiner.

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Speaker 7: He was sort of in and out of the home,

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not really particularly living there, and other's reports, oh he

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was winning on the streets.

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Speaker 1: At the time.

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Speaker 7: He was homeless, but that kind of goes along with

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the issues that folks like he deal with.

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Speaker 1: So obviously he was still having difficulty trying to get clean.

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Back to the lady from La magazine, Lauren Comlin, of.

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Speaker 7: Course, and the night that I believed they were killed.

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Speaker 6: I mean, I know that we are still learning a

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lot about this case, and it's an open investigation, but

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I do believe they were killed.

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Speaker 7: Shortly after this party.

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Speaker 6: It was reported that they had this argument at Conan

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O'Brien's house and that Nick appeared to be out of sorts,

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a bit, maybe a little high.

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Speaker 7: Everybody was dressed up. Nick was in a sweatshirt, you know.

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Speaker 6: Later that night, we do know that he checked into

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a hotel that was about, you know, fifteen miles away

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from the family home.

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Speaker 7: So yeah, he was in and out.

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Speaker 6: And what is very very disturbing, I guess or to me,

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was that onlookers notice when he checked into the hotel,

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he appeared to be a little off, but he had

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no type of visible wounds on his face, on his hands,

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on his body, So that telled me no defensive wounds,

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So I wouldn't be surprised if he did something to

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his parents. Again, totally my opinion, pure speculation, but you know,

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in their sleep, and again it just it breaks my heart.

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And I also want to point out he's not in

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fortt this morning for an arraignment. He's actually in court

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for a grand jury proceeding. So they're going to decide

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what if any I mean, I'm assuming there's going to

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be charges, but what if any charges will be filed

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moving forward?

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Speaker 1: So the charges are first degree murder with special circumstances.

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Josh Ritter, defense lawyer, weighs in on the severity of that.

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Speaker 8: My reaction is it's expected, you know, crime like this

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double homicide, you're likely going to see first degree murder

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with special circumstances. To the question that was being asked

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during that press conference about how long will this take,

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it's going to take significantly longer given that it is

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a special circumstance case. It just complicates things further. But

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the other thing it does, though, they don't have to

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indicate at this point whether or not they're going to

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pursue the death penalty, but the default is going to

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be life without parole on a special circumstance murder case,

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which means to me, if I can further kind of

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read the tea leaves here, is that given that he's

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only looking at and the only thing that the people

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are at this point going to be willing to offer

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is life without parole, we're likely looking at a case

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that's going to head to trial. So this idea that

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maybe a plea deal might be worked out, I think

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the chances of that have become very slim.

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Speaker 1: Okay, let's move on to Brown University. The police there

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and the mayor are getting a lot of criticism, tons

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of criticism about the fact that they just seem to

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be not very good at what they're doing. But I

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have to remind you remember when the four college students

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were stabbed to death in Moscow, Idaho, and there's a

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lot of criticism about the Moscow police. There was some

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small town tin horn. They didn't know what they were doing.

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It took them I think five weeks, but they got

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their man. They got him. So I'm hesitant to criticize

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the police department in Providence, Rhode Island. But they have

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this afternoon, they have new enhanced video showing more of

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who this person is and if anybody knows this person,

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they're going to recognize him. It's not a clear view

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of his face. He has a mask on and he

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has a beanie cap on, but the coat that he's

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wearing and the way he walks, I think somebody who

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knows him is going to go, I know who that is.

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Start with Nicole Parker, former FBI agent.

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Speaker 9: Yeah, that's unfortunate, but that does happen in investigations. But

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one thing I would like to point out is that

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there is a fifty thousand dollars cash reward for the identification,

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the arrest, and the conviction of the shooter. And right

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now they really seem to be relying on the public's assistance.

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There was a delay in getting these photos out. They

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were you know, I've heard a lot of explanations as

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far as well, you know, they were waiting until Monday

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when businesses were more open and canvassing. The neighborhood's getting ring,

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doorbell camera information and footage, and it really it will

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be up to the public. I believe in this investigation.

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I have always said human intelligence is still the most powerful.

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In my opinion, someone knows the shooter and they need

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to turn them in. But what I find very puzzling

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and alarming is I myself went in and I looked

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at the twenty twenty five annual security for Brown University,

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and I did a keyword search as one hundred and

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seventy pages, on one page did I see the word CCTV.

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I looked up other keyword searches and was baffled that

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there really wasn't much in there. But what was even

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more befuddling to me is that around January of twenty

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twenty five, Brown University was most concerned about President Trump's

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executive orders to take away the DEI initiatives, and they

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were running at a forty six million dollar deficit, and

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they were concerned at this time, and they were even

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slashing expenditures from other areas so that they could meet

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their diversity programs. And as someone that comes from law enforcement,

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safety is number one, and I believe that all students

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on that campus would say that they would agree that

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they would feel more comfortable being safe than having a

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diverse campus on that day. And it's absolutely tragic, and

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I think it should be looked into. What was their

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security posture leading up to this? All of the doors

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were to be locked. I did a search on that

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as well. With key lock cards, they're supposed to be

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locked at night. The campus is supposed to be locked

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at night and on weekends. And I do think that

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there is some explaining to do. But ultimately we do

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know that the responsibility lies with the shooter. I will

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never take that away, but this is a wake up

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call to all universities. Check your campuses and make sure

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that you are keeping your students safe first and foremost.

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Speaker 1: I tell you so, they're still looking for him. I'll

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just tell you the way he was walking around the neighborhood.

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There's lots of video of him out there, but you

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still can't really have a good identification of his face.

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I'll bet he lives right in Providence. I think he's

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I think he's a local guy. Here's another former retired FBI,

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Stuart Kaplan, not thrilled with the way the investigation is

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being handled.

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Speaker 10: Look, early mistakes on or during an investigation can have

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a cascading impact on the progress of trying to apprehend

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this person. And the biggest blunder, quite frankly, from what

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I've heard, is the lack of containment of the eyewitnesses.

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The students that were in the classroom. The witnesses. Once

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the shooting stopped, they scattered. Law enforcement failed to contain them,

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and that became a huge blunder. You know, keep in mind,

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we're looking at a photograph that now is more than

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seventy two hours old. The likelihood of this individual wearing

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the same clothing obviously is slim to none, and so

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it presents a huge lift for law enforcement to try

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to identify this individual.

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Speaker 1: Yeah, so he's not real thrilled about it. James Gagliano

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also a former FBI guy.

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Speaker 11: This is his reacc Yeah, we still don't have motive,

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and that's going to be a big piece of this.

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But the aperture of the investigation is opening up every day.

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We're getting more and more video. Why is that this

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only happened sixty five hours ago. So you remember the

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Luigi Mangioni case five days to find and capture the shooter.

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In the Tyler Robinson case where he shot and killed

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Charlie Kirk took about three days. Most people were away

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for the weekend in those surrounding neighborhoods. Now they're coming

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back home, they're going looking at their ring cameras and

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we're getting a better idea on this brought out the

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Washington Post column written by Jim Garretty.

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Speaker 1: In that column, a student back.

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Speaker 11: In twenty twenty one had written and complained about the

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surveillance state at Brown. Brown University is a quarter mile

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by a quarter square mile. It's a postage stamp, and

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there are eight hundred security cameras blanketing the campus. If

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he was on campus, we've got to find better videos.

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Speaker 1: Well, it's an interesting point, but it is a small campus.

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But one of the reporters that I was watching from

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earlier this morning is that's there is that the campus

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is compact in this postage stamp area. It's not very big,

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but that the building, that engineering building, is on the

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very edge of the campus next to a residential area.

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So if you come through the residential area, the first

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building that you come to from one of the directions

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is the engineering building. So we didn't have to go

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through the campus. So now they're running around through the

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neighborhood and they're picking up all kinds of video of

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this guy walking around by where the homes are near

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next to the Brown University campus. Casey Jordan is a

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behavioral scientist, looked at it this way.

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Speaker 12: Well, these images are game changers, and that's the really

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good news. But the bad news is they're coming out

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sixty five hours this morning since the shooting, and they

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really would have benefited from having these images earlier from

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these residences, ring cameras and security cameras. I mean, the

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bottom line is that now we have a lot more

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to go on, and it's a little late in the

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game because the first forty eight hours are the key.

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But we now know it was a nine millimeter gun.

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We have an idea that he's about five foot eight.

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We could tell that he was stocky. But now that jack,

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now that we have good images of it, we know

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that it's two tone, and that the front bib of

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it is like a dark army green, a grayish green

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that's more distinctive. The gait of this particular culprit, if

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this is indeed our suspect, is distinctive. He seems to

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have an issue with his hip, a little knee knocket,

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maybe a little problem with his left leg. And all

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of this is super important because somebody out there is

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going to see these images and it's going to remind

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them of someone they know, and that person that they

399
00:24:31,720 --> 00:24:35,400
know may have a beef with Brown University, because one

400
00:24:35,440 --> 00:24:38,079
thing the police are now saying is that they do

401
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believe Brown University was a specific target. This was not

402
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just random venue that he just walked in off the street.

403
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That something about Brown attracted this shooter to that classroom

404
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on that day. Now they're not saying there was a

405
00:24:50,200 --> 00:24:53,960
specific class or a specific person in there, but think

406
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of anybody who fits this description who may have a

407
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conflict or a beef with Brown.

408
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Speaker 1: And finally, John Miller, former NYPD also weighs in on

409
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what's coming out.

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Speaker 13: Today extraordinarily helpful and more relevantly with someone who knows

411
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that person because they might have insight that goes beyond

412
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the wow, that kind of looks like him under all

413
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of that clothing and mask too, but they've also been

414
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acting strangely or they had a particular animist towards that

415
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college or students. So you know, they're hoping that these

416
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will generate that light bulb moment from someone who say, wow,

417
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I think I know who that is. Beyond that, they

418
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have other leads, I mean active leads, promising leads that

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00:25:38,920 --> 00:25:42,599
point to you know, different people. Now we know that

420
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these are fluid investigations. You can have the most promising

421
00:25:45,839 --> 00:25:47,920
lead in the world and that can wash out. You

422
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can have nothing and something can come out of the

423
00:25:50,319 --> 00:25:54,079
ether very quickly and pan out. And that's basically on

424
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day four where we are. They're working those but they're

425
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also hoping this video generates that other call yep.

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Speaker 1: So it's a piece of a time and they're working

427
00:26:04,119 --> 00:26:08,240
away on who this guy is. I think he looks

428
00:26:08,759 --> 00:26:11,640
if you actually know the guy, you would recognize him

429
00:26:11,680 --> 00:26:15,640
because they call him stocky. He's got a great, big

430
00:26:15,680 --> 00:26:18,759
beer gut. He does have kind of a funny walk.

431
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I'm sure somebody knows who that guy is, all right.

432
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The other news today, not involving crime, was things about

433
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the economy. These are the reports that were delayed because

434
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of the government shutdown. Retail sales last month unchanged month

435
00:26:38,079 --> 00:26:41,200
of November. You would think retail sales this time of

436
00:26:41,200 --> 00:26:44,480
the year would be up, but it was expected to

437
00:26:44,559 --> 00:26:47,359
go up, but it did not go up. It was unchanged.

438
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Jobs created, payrolls added. They were guessing about forty five thousand.

439
00:26:53,720 --> 00:26:57,160
It turned out to be better a lot, not very strong,

440
00:26:57,240 --> 00:27:02,160
but it was better sixty four thousand. The unemployment rate

441
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went up to four point six percent. It's the highest

442
00:27:08,400 --> 00:27:11,960
in four years. If you go back July was four

443
00:27:12,000 --> 00:27:16,480
point two, August four point three, September four point four,

444
00:27:16,640 --> 00:27:20,079
October four point five, and now we hear in November

445
00:27:20,319 --> 00:27:25,200
four point six the unemployment rate is increasing. Usually you

446
00:27:25,240 --> 00:27:28,079
would say, oh, that's good. People are actually going back

447
00:27:28,119 --> 00:27:31,519
into the workplace to look for jobs that maybe been

448
00:27:31,559 --> 00:27:34,839
sitting at home collecting a welfare check or something. But

449
00:27:35,400 --> 00:27:40,359
in this particular case, what the statisticians are scratching their

450
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heads about about immigration and the fact that we had

451
00:27:45,319 --> 00:27:49,960
so many people that were illegally in this country that

452
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had jobs that are not having jobs right now. Alison

453
00:27:54,079 --> 00:27:57,079
Schrager is an economist, and she kind of weighed in

454
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on that.

455
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Speaker 14: Not really, I mean, I think we keep getting these

456
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We sort of have a me you know, labor market

457
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and you know, still sort of worrying inflation, and you know,

458
00:28:07,720 --> 00:28:10,160
if you're looking for an excuse to cut further, you

459
00:28:10,160 --> 00:28:12,480
could probably find it by saying the labor markets weakening,

460
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I'm gonna do something about it. What strike jumps out

461
00:28:14,839 --> 00:28:17,839
at me is we still have very strong labor growth,

462
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which suggests inflation is not going to go well below too.

463
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I think when you look at the Summary of Economic

464
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Projections or here FED officials, they seem to think that anyway.

465
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They're really like, at the very least ending QT, maybe

466
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we have more rate cuts next year. Seem to still

467
00:28:31,680 --> 00:28:33,839
think that inflation is going to magically go back to

468
00:28:33,880 --> 00:28:36,319
two percent. And I think this is just another data

469
00:28:36,319 --> 00:28:39,279
point that suggests that's just not magically happening. It's actually

470
00:28:39,319 --> 00:28:42,720
going to be an interesting experiment, not necessarily good for humanity,

471
00:28:42,759 --> 00:28:46,079
but interesting for economists that you know, there's always been

472
00:28:46,079 --> 00:28:48,359
this sort of debate. You know, an economists were quite

473
00:28:48,359 --> 00:28:52,720
strident that more immigration boost wages for everyone, labor fallacy,

474
00:28:52,759 --> 00:28:54,519
all this stuff, and now we actually have a big

475
00:28:54,559 --> 00:28:56,480
pullback in immigration when it's going to happen with wages.

476
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Speaker 1: Yeah, so there's still a lot of uncertainty even though

477
00:28:59,039 --> 00:29:01,680
we're getting numbers again, and a lot of uncertain yet

478
00:29:01,720 --> 00:29:04,839
of this. Kevin O'Leary, mister wonderful, was asked about this

479
00:29:05,200 --> 00:29:07,039
s a business owner.

480
00:29:07,279 --> 00:29:09,839
Speaker 15: I think it supports the FED twenty five basis point

481
00:29:09,920 --> 00:29:14,720
rate cut. However, this data is soft and slightly inaccurate

482
00:29:14,759 --> 00:29:17,599
because of the forty three day shutdown. Everybody realizes that,

483
00:29:18,319 --> 00:29:20,839
you know, if it wasn't for that. I'd say the

484
00:29:20,880 --> 00:29:24,119
data set trend is definitely for higher unemployment, which is

485
00:29:24,160 --> 00:29:26,000
one of the big mandates for the FED. But they're

486
00:29:26,039 --> 00:29:28,839
in a very difficult boat now because inflation is still

487
00:29:28,880 --> 00:29:32,279
a three point one percent. Every rate cut now is

488
00:29:32,319 --> 00:29:34,599
going to be heavily scrutinized and debated. They had a

489
00:29:34,599 --> 00:29:37,440
lot of descent three out of it. Yeah, and so

490
00:29:38,599 --> 00:29:40,400
that really is what the market cares about. Can we

491
00:29:40,440 --> 00:29:42,920
get more rate cuts on the other side of the

492
00:29:43,000 --> 00:29:43,440
year end?

493
00:29:43,839 --> 00:29:44,519
Speaker 8: And I'm not.

494
00:29:44,440 --> 00:29:46,519
Speaker 7: Sure, Multician, Well, first law, you're correct.

495
00:29:46,559 --> 00:29:48,079
Speaker 15: I look at it through the lens of an investor.

496
00:29:48,079 --> 00:29:50,119
I invest in all eleven sectors of the S and P,

497
00:29:50,319 --> 00:29:52,279
and most of it in companies between five and five

498
00:29:52,359 --> 00:29:53,960
hundred employees, so I have a pretty good read of

499
00:29:54,000 --> 00:29:57,240
what their concerns are input costs. So we don't talk

500
00:29:57,240 --> 00:29:59,440
about tariff's that much, But the truth is many of

501
00:29:59,480 --> 00:30:02,720
them are not in terms of input on goods and

502
00:30:02,799 --> 00:30:06,480
services that we don't make here in America, things like

503
00:30:06,640 --> 00:30:11,599
bananas and pineapples and podash and box site for aluminum.

504
00:30:11,880 --> 00:30:15,079
Why tariff things we don't have, That's one question that

505
00:30:15,119 --> 00:30:15,920
people start to ask.

506
00:30:16,160 --> 00:30:16,920
Speaker 2: Makes no sense.

507
00:30:17,279 --> 00:30:19,519
Speaker 15: So that policy on tariffs I would have thought would

508
00:30:19,519 --> 00:30:22,640
be resolved by midterms, which to me are starting to

509
00:30:22,640 --> 00:30:26,440
come into the focus starting January February. We need more

510
00:30:26,480 --> 00:30:31,599
work to finalize reciprocal tariffs that will show up because

511
00:30:31,599 --> 00:30:33,720
they're so high in some cases, that's why there's inflation.

512
00:30:33,799 --> 00:30:35,759
I know there's a debate about it. You talk to

513
00:30:35,799 --> 00:30:38,519
my companies that are yeah, but I mean you're making houses,

514
00:30:38,640 --> 00:30:40,960
or you're part of the housings sector, which is giant,

515
00:30:41,160 --> 00:30:43,640
and your software lumber is tariff to twenty five percent.

516
00:30:44,000 --> 00:30:46,480
That's an input costs. I got to see that fixed.

517
00:30:46,480 --> 00:30:48,759
If you're making a lumina for car parts box site

518
00:30:48,799 --> 00:30:51,920
twenty five percent tariff, that makes no sense. So it's

519
00:30:52,000 --> 00:30:54,440
time to focus down on that, and I think the

520
00:30:54,480 --> 00:30:57,720
administration will do that because I'm not the only guy

521
00:30:57,880 --> 00:30:58,960
whining about it.

522
00:30:59,119 --> 00:31:03,119
Speaker 1: No he's not. I'm part of the winding choir as well,

523
00:31:03,559 --> 00:31:07,039
So we'll see. I mean, you've you've got the large

524
00:31:07,039 --> 00:31:10,440
group of illegals that have been moved out, You've got

525
00:31:10,440 --> 00:31:14,599
a large group of federal government employees that no longer

526
00:31:14,799 --> 00:31:18,079
worked for the for the government. You've got tariffs that

527
00:31:18,119 --> 00:31:21,039
have been added as input costs. So a lot of

528
00:31:21,079 --> 00:31:23,359
these economic important then you had the government shut down

529
00:31:23,400 --> 00:31:27,079
where we didn't have numbers. There's a lot of this.

530
00:31:27,480 --> 00:31:30,240
It's I report them to you, but I think a

531
00:31:30,279 --> 00:31:33,599
lot of people are going these are really vague. We're

532
00:31:33,640 --> 00:31:37,559
going to need more information for really know how this

533
00:31:37,640 --> 00:31:42,160
economy is is handling all of all of these changes.

534
00:31:42,400 --> 00:31:46,000
So Wall Street did did not handle the changes all

535
00:31:46,000 --> 00:31:49,559
that well. Today. The Dow Jones industrials started off this

536
00:31:49,640 --> 00:31:54,279
morning down a little and it just kept going, finishing

537
00:31:54,359 --> 00:31:57,880
down three hundred and two. The Dow nowt at forty

538
00:31:57,880 --> 00:32:02,640
eight fourteen, pee down sixteen. The Nasdaq went up not

539
00:32:02,799 --> 00:32:06,839
much but fifty fifty four points higher. The price of

540
00:32:06,880 --> 00:32:09,519
goal down three dollars to forty three point thirty two,

541
00:32:09,559 --> 00:32:14,359
and the price of oil, I haven't seen this in well.

542
00:32:14,400 --> 00:32:18,440
You got to go back a few years. Oil down

543
00:32:18,480 --> 00:32:22,319
a dollar sixty five, down to fifty five dollars for

544
00:32:22,480 --> 00:32:26,279
a barrel of oil. So that's it for today. Thanks

545
00:32:26,480 --> 00:32:29,720
again for coming by. I appreciate it. We'll be here tomorrow.

546
00:32:29,799 --> 00:32:31,000
I hope to see you then.