Speaker 1: And hello, how are you welcome to the Big podcast
on this Wednesday. Today is the third day of December,
year of our Lord twenty and twenty five. My name
is Tom Sullivan. So as we gather around the old
podcast today, We've got the election in Tennessee seventh District
last night, Venezuela and all the problems with them. Tariffs
are back in the news, some presidential pardons back in
the news. So we've got a lot and affordability is
is also part of the Tennessee story as well, because
in Tennessee, the woman that is described as a Marxist,
very very far left socialist democrat who did not win well.
Let me give you the numbers on this, because let
me see, where's my Tennessee. She did well, considering the
fact that she did well in the city of Nashville,
one of those urban stories. Democrats do better in urban areas,
and so she did well in Nashville, but the rest
of the seventh district, which is quite extensive, she did terrible.
And Matt Van Epps, who won the race last night,
everybody is saying, well, I find it humorous. They said, well,
we did much better than we than we expected. So
that's a real win in our calmn. No, it's not.
You either win or you lose. There's no in between.
I understand you're trying to cover your bruises. But the
vote was ninety six thousand voted for Matt Van Epps,
eighty one thousand voted for the lady who's the far
lefty there, So that was fifteen thousand difference. She's the
one who and this is what surprises me about Nashville,
she's the one that says she doesn't like Nashville. She
hates it, can't stand it. She can't stand country music,
she can't stand religious people. Christians make her nervous. I mean,
the list goes on and on and on about she
said all the wrong things. But what happened was apparently
she started polling pretty well and that made the Republicans nervous,
and they ran there and they put a lot of
money into the race, and it had turned out fine.
The margin. A lot of the Democrats said, well, I
she didn't get the twenty two percent margin that Donald
Trump got when he won the seventh district running for president,
And no, Matt ben Epps is not Donald Trump. Secondly,
it was the special election, which very very different results
come out of special election. So well, let's listen to
some of the people that chime in on this. First
of all, Byron Yorick gives us his assessment of what
happened in Tennessee last night.
Speaker 2: Improvement for them, So that's a big thing for them. Now,
Democrats had been framing this race as a race in
which if they had a narrow loss, it would still
be a victory for them because it would show as
the numbers you just cited said that without Donald Trump
on the ballot, Republicans can't do as well as they
did with Trump on the ballot. Now, is nine points
that narrow of victory. I don't know, because it's reasonably
impressive victory. And there is a debate this morning among Democrats,
among centrist Democrats who're saying, look, if you elect left
wing candidates like Afton Bain, you're not going to perform
as well as you can in a number of centrist districts.
So I think there's something to caution both sides in
this election result.
Speaker 1: Yeah, So the result was again there was a nine
point spread that Van Epps beat his opponent by nine points.
Mark Green, who used to be the congressman that resigned
from Congress. He won by twenty points in a regular election,
not a special election. And Donald Trump won by twenty
two points when he was running for president in twenty
twenty four. So that's how they're comparing to all of this.
But one of the things that the Democrat, even though
she may be a big socialist and big Marxist, she
was given the right words to say about affordability. Affordability
seems to be the key word that is attracting votes.
President Trump blew it off like it was nothing. Here's
what he had to say about it.
Speaker 3: There's this fake narrative that the Democrats talk about affordability.
They just say the word. It doesn't mean anything to anybody,
just say it affordability. I inherited the worst inflation in history.
There was no affordability. Nobody could afford any of it.
The word affordability is a conjob by the Democrats.
Speaker 1: Byron York says, maybe not, maybe this isn't a con job. Prices. Yes,
inflation was much higher under Biden, but prices are still
going up. And so if you were having affordability problems
in the Biden administration, they're slightly worse today than they
were then. Some rices have come down, many have gone up.
Overall inflation rate three percent. So let's go back to
Byron York and see how he addresses this.
Speaker 2: Yeah, and I think there is an impression among a
number of Republicans that President Trump, who got elected mainly
because of Biden era inflation, has not paid enough attention
to reducing that in his first ten months as president.
There's just no doubt about that. And Republicans have reason
to worry about these upcoming midterms because the president's party
often loses seats in a mid term. President Trump's approval
rating is somewhere in the forties, maybe the low forties,
which doesn't tell you he's going to pick up a
lot of seats. And this is something that sort of
traditionally happens, so it'd be very it would be unusual
if the president could actually keep the narrow margin in
the House next year.
Speaker 1: Yeah, So again, everybody, all politicians two, the new governor
or of Virginia, new governor of New Jersey, they promised
they were going to bring prices down to the President
said he was going to bring prices down. I don't
know if the government can bring prices down directly through policy.
You can, but it takes time. David Axelrod basically points
out this is the problem that Joe Biden had.
Speaker 4: Look.
Speaker 5: I don't know whether he wasn't paying attention during the
last election, but this is exactly how Joe Biden got
in trouble by insisting that the economy was strong, that
the inflation issue was under control, when people were going
to the grocery store and going you know, paying their
rent and their insurance and all their costs, and they
saw in real time what was happening. And it's still happening.
We're no better off on inflation today than we were
the day he walked in. And how long can you
keep blaming the last guy for your problems? You know
the Harry Truman's of the bucksty here, the motto of
this administration seems to be the buck stops there. Because
I think he recognized he promised to very quickly bring
down prices. That was the offer in the election. He's failed,
and that's the reason his numbers are tumbling more than
anything else.
Speaker 1: So back to Tennessee, the lady that lost there did
go out and started in her campaign and campaign ads
talking about affordability. But it was almost like it was
on a teleprompter. It was scripted for her, and Byron
new York observed pretty much the same thing.
Speaker 2: It was basically a critique, and it was like, this
is what I'm supposed to talk about. What happened in
the race was I think Republicans assumed they were going
to win it. They didn't pay any attention to it.
They got scared by some polls in the last several
weeks showing her doing very well.
Speaker 6: They woke up.
Speaker 2: They looked into her past, and they found out that
she had said a lot of things that would turn
off voters in the district. For example, she said she
hated Nashville, she hated country music, which is it is
kind of like running for office in Green Bay saying
you know, I really hate the packer does not work.
So finally, this OPO research kicked in. You had this
nine percent of vote margin, and Republicans are feeling a
little better about it.
Speaker 1: Yeah. The other interesting part, I'll go back to what
Byron York said early, was the fact that there's a
lot of Democrats that are now starting to do a
little bit of navel gazing about the fact that did
we run the wrong candidate? The fact that the far
left candidates won't be able to win is and that's
what the Democrats were thinking about. Maybe we should have
run a more mainstream democrat than this far left socialist.
So let's pick up on what happened today. On the
big question about the blowing up of the drug boats
out in the ocean, General Mark Kimmel was asked about
whether or not this is something that appears to be
a war crime or not.
Speaker 7: No.
Speaker 4: In the military, it's commonly known. You can delegate authority,
you can't delegate responsibility. Look, the President of the United
States is responsible for this mission. I don't think he's
trying to duck and cover or bob and weave on this.
That's just understood. So any argument about authority and responsibility,
I think is a dry argument. The fact that there's
a second strike means nothing. We in the military typically
conduct second and third and four strikes on targets if
the first strike does not achieve the objectives of that target.
The only thing a question here is, in fact, were
there two survivors non combatants on that vote when they
conducted that second strike? American military does not kill non combatants,
it does not kill prisoners, it does not kill or
torture prisoners, And I don't think it's been firmly established
at this point, and I'm glad on Thursday that there
will be an inquiry and discussions send it Intel Committee,
because I think at that point, until there's an admission
by somebody who actually saw what happened, I think we're
just going into speculation right now.
Speaker 1: Oh yeah, there's a lot of speculation. But as he said,
the inquiry on Thursday, that's tomorrow, and Admiral Bradley is
going to be obviously the star witness that is going
to go there, and the members of the Senate Intel
Committee are thinking that he is going to be able
to really shed the light of truth on whatever it
was that happened and whether a war crime was committed
or not. Mark Short, the former chief of Staff or
Vice President Pence, was asked what his view was of
this look.
Speaker 8: I think that I support the President's efforts to protect
America from arco terras. I think there's a lot of
critics in this town. I think it's actually a responsible
effort on his part too, to be protecting America's shore
from drug smugglers. As the general said, I don't see
the president ducking responsibility for this. He's taken responsibility. At
the same time, I think it is important to have
the inquiry. I think we have the most remarkable men
and women serving in uniform. They are not trained to
shoot fish in a bottle, and so I think that
that barrel in and I think in this case it's
important to know did they know there were non combatants
that were alive and clinging to that vessel or did
they not know? And I think that that's important to
get to the bottom because in the world we stand
as a stark contrast to the way Russia's prosecutates war
against Ukraine, and it's important that we continue to do that.
And so I think it's important to get to the
bottom of this. But at this point, I think, you know,
I'm not one to sit here and throw stones at
the president. I think the president's accepting responsibility for the attack,
and I think it's important to get to the bottom
of the matter too.
Speaker 1: This is one of those stories that if you ask
the question, do you think it's important to draw to
stop the drugs flowing from South America into the United States.
I think ninety nine point nine percent of you would
say yes, all except for you drug dealers. The rest
of you would say yes, let's stop them. Let's stop
the drugs from coming into our country. It's a whole
different show to talk about. That's the supply side. To
talk about the demand side, and how do you get
people to stop wanting to buy drugs and provide millions,
if not billions of dollars to the cartels. So at
first glance, yes, I'm all four them stopping drugs coming
into this country. So then the second part of the
question is, well, how far are you willing to go
to stop the drug cartels from shipping these drugs into
the US. And I think there's probably a split audience
out there, But at first it sounded terrible. Oh my gosh,
we're shooting innocent people in the water. We can't do that.
Our military is better than that. But if you allso so,
look and you go we're trying to stop the cartels
and the people that are running these drugs, I think
you might get different answers out of that whole thing.
President Trump, when he was asked about Venezuela in the
fact that we may wind up doing more than shooting
boats out of the water. We may do land strikes,
and maybe in more countries than just Venezuela.
Speaker 3: I want those boats taken out, and if we have to,
will attack on land also, just like we attack on sea,
and they're very little coming in by sea. I think
we've knocked out over ninety percent of it's very little, kid,
I understand that there's very little. We're saving hundreds of
thousands of lives with those pinpoint attacks.
Speaker 1: Okay, So if the president wants to go beyond Venezuela,
because he was asked about are you going to go
other countries? He indicated yes. Chuck Schumer said, wait a minute,
Congress gets to say whether you do that.
Speaker 9: I've asked Heke Seth over and over again to release
the video so we see what's going on and we
see if there are war crimes, if the War Powers
Act is being violated. But a land strike on Venezuela
would clearly require us to invoke the War Powers Act.
Speaker 1: So stand by for that because there'll be a battle
between It's based on should be based upon the Constitution,
but it will be based upon politics mostly. Marco Rubio's
secretary of State was asked about Venezuela, and if you
followed this story at all, you know that there was
an election, I don't know, a year ago, maybe less
than a year ago, and every outside observer that was
sent there to observe the election said that he lost,
lost bigly. And he just said, no, I did not lose.
I'm staying in office at the president of Venezuela. So
Mark Rubio says, well, that's nice, except for he doesn't
have a legitimate government.
Speaker 7: Regime is not a legitimate government. What it is is
it tates transhipment organization. It allows cocaine and other drugs
that are produced in Colombia to be trafficked through Venezuelan territory.
In addition to that, the Venezuelan regime is a source
of instability in the entire region. Over eight million Venezuelans
have flooded into neighboring countries as a result of the
regime's activities within their own country, including into the United States.
They also happen to be the foothold of Iran.
Speaker 2: That's not spoken about enough.
Speaker 1: Bottom line out of all of this is the cocaine
comes through the Caribbean to the United States. Apparently the
fentanyl is sent up through the Pacific and winds up
in Mexico and then into the United States from there.
So the fentanyl is not being intercepted with these boats
out there that we're blowing out of the water. Is
the cocaine. But I'm sure they'll get around to it. Meantime,
as far as blowing these boats out of the water,
is it having any impact? And forgive me for looking
at it from the point of an economist, If you
have a supply that has all of a sudden been constricted,
there is less supply of a product and the demand
is still the same, then the price of the product
goes up. So for those of you that are drug
used illegal drug users, you can give me a call
let me know. Have you seen the prices change? You
can know. You can use an anonymous name phone numbers
eight five five two nine five sixty six hundred. You
can look at that. You look up on my website
Tomsullivan dot com and you'll find that phone number eight
five five two nine five sixty six hundred. Terry call
ahead of the DEA said, oh yeah, the supply has
been diminished.
Speaker 10: There's no doubt that these traffickers, these foreign terrists, are
designated to target our kids. They're using social media platforms,
They're using Instagram. We have seen a change in first
stop loads, meaning when cocaine arrives to the Dominican Republic,
it's now more expensive. When cocaine arrives to the Puerto
Rico it is more expensive.
Speaker 1: So, in a weird way, this may be the best
we've been ever been able to do in the war
on drugs. The war on drugs has just kept things.
It's still going on. But if you drive the price
up economics, there may be people out there that are
drug users that are going, I really need to get
off this drug, well because it's bad for me, but
also I can't afford it anymore. Another area of the
world that we are watching is Ukraine Russia war and
the US delegation was in Moscow and they had a
five hour meeting yesterday regarding peace talks and it ended
without any compromise is on the part of the Russians.
General Jack Keane has this information for us. Well.
Speaker 6: I think the process itself, certainly what it's been able
to do with the meeting in Geneva with the Ukrainians,
the Americans and the Europeans, and then the meeting in
Florida with the Americans and Ukrainians and now with Russia.
Is clearly to identify the Ukrainian redlines and what concessions
they likely can be made. And also the same thing
with the Russians. They got feedback for sure on that.
So I think what remaining issues are there are clearly identified,
and then is there some negotiation space to be able
to bring them together. That's the answer. We don't know yet,
but as this unfolds, we're going to get those answers.
And let's just assume that the Ukrainians are willing to
make some concessions and concessions over territory for example, that
means they're going to need some kind of security guarantees
going forward. And so do people understand that What we're
trying to say is the Ukrainians if they're going to
make a deal with the Russians, because the Russians have
always said, and believe me, I don't think for a minute,
regardless of what deal the Russians make, they change this.
Their intent is to take Ukrainian and topple it. Maybe
not in the near term if they make a deal,
but eventually they will do that, likely post Trump administration.
So if that's the case and everybody believes that, and
I believe it, I think the Ukrainians believe it, I
think the United States believes it, then you have to
put something in place to prevent that from happening, and
it has to be enduring over time. And what are
we talking about. We're talking about US and European airpower.
If there's a violation, they would strike. We're talking about
forces on the ground on the Ukrainian side of the
line to make certain if there's any penetration there, those
forces are there, one to deter it, but two to
stop it if necessary, supported by airpower, maybe a training
unit deep inside of Ukraine from the United States to
help reform and rebuild their military and make their defense
industrial base as roebus as it can. Then you need
maritime fleet in the Black Sea to make certain that
there's no advantage being taken by Russia into Black Sea
as well. That is, as is good security guarantees to
make certain that Russia doesn't fulfill it's much stated promise
to topple and take Ukraine That's just an example of
some of the challenges. Now, how would Putin respond to
that when Ukrainians would maybe likely agree to something I
just said. Putin would look at that and probably come
right back and say no foreign troops whatsoever in Ukraine.
How do we know that because he said it time
and time again. Would he be willing to make a
concession at least for a few years while President Trump
is in power. Maybe that's a fact. But just to
give you some sense of the challenges here. And if
Zelenski is going to give up territory, he has to
take that to his people. He has to assume his
people are going to support it. He doesn't want them
to not support it and certainly put him at risk politically.
There are real serious issues here. I applaud the administration
for the perseverance and steadfastness and the continue to work
this in front of all these obstacles that are there.
Speaker 1: So the key part of General King's comments were the
fact that Putin wants to take Ukraine. That bottom line,
he'll say whatever it is to get a short term deal,
but somewhere down the road he wants to go and
get Ukraine. And Gary Gasparov who is the grand champion
for a chess grand champion is a big anti Putin guy.
He's born and raised in Russia and he is in
exile now. I heard him interviewed last night and he
said the same thing. He said, doesn't matter. All these
meetings and all these people getting together and all the
conferences and uh Putin won't stop. As long as he
is in power. He is going to continue to try
and take control of Ukraine and bring it back under
the umbrella of Mother Russia. So some more pardon news today, yesterday,
the day before, was it two days ago when we
had the news about the Honduras former president of Honduras
who was pardoned by President Trump and a real question
about that because he was convicted by a jury here
in the US of basically bringing in four hundred tons
of cocaine. But the President was asked about why did
you do that, and he said, well, I have people
from Honduras telling me that it was all a set
up by Joe Biden and framed him. So therefore I'm
giving him pardon. Well today there's another pardon. It's Henry Quaar,
the congressman from Texas Democrat. He represents the area south
of San Antonio down to the border with Mexico, so
his congressional district is right along the Rio Grande. And
he was charged with taking bribes corruption and his trial
is supposed to start in twenty twenty six. He was
charged with taking bribes from a Mexican bank and an
Azerbaijan oil company six hundred thousand dollars he and his wife.
He has denied that he ran for reelection. The people
of South Texas reelected him. But again the trial is
coming up, and today the President said that you are pardon.
That's what the President said on his truth social post.
He said for years, the Biden administration weaponized the Justice
Department against their political opponents. H that's unfamiliar and anyone
who disagreed with them. One of the clearest examples of
this was when Crooked Joe used the FBI and DOJ
to take out a member of their own party, highly
respected Congressman Henry Quaar bravely spoke out against open borders
and the Biden border catastrophe. Well, Sleepy Joe went after
the congressman and even the congressman's wonderful wife, Amelda, simply
for speaking The truth. It is un American, and I
previously stated the radical left Democrats are a complete and
total threat to democracy. They will attack, rob lide sheet,
destroy and decimate anyone who dares to oppose their far
left agenda, an agenda that, if left uncheck, would obliterate
our magnificent country. Because of these facts and others, I
hereby announced my full an unconditional pardon of beloved Texas
Congressman Henry Quaar and Amelda Henry. I don't know you,
but you can sleep well tonight. Your nightmare is finally over.
So yeah, there. He's a very more conservative Democrat than most,
but he did he spoke out against what was going
on at the border, and the next thing you know,
v OJ was going after him and his wife. So
whether there's any truth to the bribery charges or not,
we'll never know. He was pardoned today and Hakim Jeffries
was asked about this because the question with Quaar is
will he leave the Democrat Party and become a Republican
where the race for the majority of the House is
going to be very very tight.
Speaker 11: Here's Hakim jeffersoned here, do you think that was a
good thing?
Speaker 12: Then? I don't know why the President decided to do this.
I think the outcome was exactly the right outcome.
Speaker 3: Well just well.
Speaker 11: Congressman QUAYR, we should note, is one of a handful
of House Democrats who sits in a district President Trump
one in twenty twenty four, so now he has this
presidential pardon. Have you had any conversations with the congressman
about him potentially switching to the Republican Party.
Speaker 12: I think Congressman Quay Aar is a highly valued member
of the House Democratic Caucus, and I expect that he'll
continue to remain a highly valued member of the House
Democratic Caucus.
Speaker 1: So he's hoping to because again this is a race
between well the Republicans of the Democrats control the House
of Representatives. You want to talk to tariffs, you know,
I don't like tariffs, and they're having all kinds of
right we had. By the way, in our economic news today,
we got import and export prices for the month of November.
And import prices where are they put them? Somewhere on here?
They flat unchanged, flat unchanged. And this is if you
have import prices which are calculated without any thing to
do with tariffs. That means that the people, the foreigners
that are selling products to Americans and they're coming in
whether they have a lot, whatever the tariff might be,
if the import prices of calculator, there's no change. That
means that the people from other countries are not discounting
their products, and those tariffs are being attached to products
that you and I are buying. The wholesalers and retailers
here in the US are the ones that have to
decide whether or not to pass on those tariffs, but
they're not getting discounts from the foreign sellers. Costco has
filed a lawsuit, by the way, and I expect there
will be number of other major retailers that will join in.
Costco is not afraid of making the White House upset
with them, but they have filed a lawsuit about the
fact that they didn't give the amount, but a huge
amount of tariffs that they are paying on the products
that they are bringing in for the Costco warehouses. So,
Harry Anton Cook a look at how people feel about
these tariffs now that we're a few months into it.
Speaker 13: Yeah, this is a topic on which the American people
have shifted significantly, and they have shifted significantly against tariffs.
I mean, this just gives you an indication. I mean,
just look at this shift over the last year. When
Donald Trump was elected. Back in November of twenty twenty four,
fifty two percent of Americans favored new tariffs on imported
goods forty eight percent of post Look at this switcheroo. Now,
by late October of twenty twenty five, the clear majority
sixty two percent oppose new tariffs. That favor number has
absolutely plummeted down a thirty eight percent on the key
policy that Donald Trump has been pushing. Since the beginning
of this second term, the American people have shifted completely
against the President of the United This issue is dragging,
dragging Donald Trump down because why what are we just
looking at here? Trump's not approval rating on trade slash trust.
In January it was okay, right, it was doing okay,
was minus two points. But in this political environment and
the fact that polls oftentimes underestimate Donald Trump, this ain't
too bad of a number.
Speaker 9: Look at where we are now.
Speaker 13: Minus twenty four points, a shift of twenty points away
from the President of the United States. I was looking
at data around this point in his first term. This
is double digits worse as well as he was at
this point on trade in tars As where he was
in term number one. At this point, the American people
have moved against tariff and they have definitely moved against
Donald Trump. Yeah, the question is why, what's cook and
why are the folks moving against Donald Trump? Why are
they moving against tarris. I mean, this just gives you indication. Say,
tariff's effect on prices in the short term increase. In March,
seventy two percent, seventy two percent of Americans believed that
tarifs raives prices in the short term in March. You
come over to October, Donald Trump's are making the argument,
and the American people ain't buying it.
Speaker 9: Ain't buying it seventy one percent.
Speaker 13: It is awfully difficult when the number one issue in
the country right now is inflation, is affordability, and folks
believe that a signature policy of yours increases prices. That
is no bueno, That is no good, no wonder Americans
are moving against Tariff's and moving against Donald Trump's. Donald
Trump on Tarff's, as I said at the beginning, it
is dragging him.
Speaker 1: But wait a minute, because the President came up the
other day. I mentioned maybe, maybe, maybe there will be
a couple thousand dollars rebate check for the Americans. Not
for everybody, but for most people, a couple thousand dollars
rebate check from the money that's coming in from the tariffs.
And I look listened to that and I thought, Oh,
he's just trying to get public support. The Supreme Court
still has to decide whether or not he has the
authority to even issue a tariff.
Speaker 13: Yeah, okay, So you know, one of the best ways
we can look at this is the prediction markets, because
they give you an indication of where people are putting
their money where their mouth is, right, do they think
that the tariffs, that these rebate checks are actually coming?
And at this point no, no, I mean chance Trump
Tariff's the tariff stimulus checks are sent to Americans by
August of twenty twenty six. It's a twenty five percent chance.
That's one in four. So that's not nothing. But the
American people right now are craving, craving some relief, and
at this point it doesn't look like it is coming.
Although I will know this twenty five percent, it is
greater than this six percent who say that tariffs decrease
prices or that five percent back in March, which are
just you never see one, two, three, four, five percent.
So look, twenty five percent ain't nothing. But at this
point it's left.
Speaker 1: Is not going to happen. Checks, No, that's not going
to happen. Okay, let's talk jobs, because we got a
jobs report out today. I remember with the government shut down,
there's a big gap of a couple of months. ADP
comes out with private sector jobs report every month, and
it's okay. It's not considered to be as accurate as
the government reports, which are also considered to be kind
of wobbly on the accuracy level, but ADP does a
pretty good job and it's all we got. And so
they came out with their report for the month of
November and the jobs private sector lost, didn't gain, lost
thirty two thousand jobs in the month of November. Economists
thought that it would be plus forty thousand. It was
a minus thirty two thousand. Almost all of the job
losses were in small businesses. Healthcare jobs up by thirty
three thousand, Leisure and hospitality the bartenders and waiter waitresses
jobs up thirteen thousand. Most of the other sectors were down.
Nella Richardson's a chief economist over at ADP. This is
what she had to say, Well, yeah, this is.
Speaker 14: A small firm story. This is even more than a
small firm story, Joe, this is a mom and pop
story because if you look at where the losses came in,
it was for firms with headcount under fifty And you
take that and you extrapolate it to the industries. Those
are the same industries construction, for example, where there are
a lot of small firms. And so when you think
about what small firms are dealing with, if you put
your mind into the into the space of a small
firm owner, they're not going to raise their hand and
say we're cutting by ten percent. They're just not going
to replace that retired worker. They are just going to
let attrition take care of this issue for them. They
are going to have a hiring freeze. They may not
hire a teen or two in the bakery over the
holiday season. They're going to make these small changes that
add up to a lot. Because forty four percent of
US workers work in these mom and PopAsia.
Speaker 5: What is ailing them?
Speaker 3: What's the tariffs? You know, you need to be able to.
Speaker 14: Look at your consumer demand and your traffic and make
the story. But if you're a small firm owner today,
you have to think about your supplier, You have to
think about the Supreme Court decision that will talk will kind.
Speaker 2: Of pave the way for tariffs.
Speaker 14: You're going to have to think about all these things
instead of just your own foot traffic. And so what
that means is that you may delay your decision making
when it comes to hiring. You don't want to pass
along those price increases to the consumer. And there's no
evidence that we're seeing small firms do that in lockstep.
What they're doing is they're absorbing it, they're taking a
profit hit, and they may be delaying or curtailing hiring.
Speaker 1: Okay, so the job support was weaker than expected, but
Wall Street didn't seem to phase them. The Dow. We're
right on the cusp of new record highs. The Dow
up four hundred and eight to close at forty seven
thousand and eight, eighty two, sm P up twenty, NAZDAC
up forty, Gold up fifteen dollars to forty two thirty six.
Oil up fifty cents now at fifty nine dollars for
one barrel of oil. That's it for today. Thank you
for coming by. We will be here tomorrow hope to
see you then