WEBVTT 1 00:00:11.000 --> 00:00:14.439 Buyers near Spokane, Washington had burned six hundred structures and 2 00:00:14.519 --> 00:00:18.519 for sixty thousand evacuations. That doesn't seem to be getting 3 00:00:18.519 --> 00:00:20.879 any better. I'm Kate Delaney. Even first at the top, 4 00:00:20.920 --> 00:00:28.559 we roll into the rundown here on America tonight. Sadly, 5 00:00:28.719 --> 00:00:32.399 one of the things that everybody they're talking about still 6 00:00:32.799 --> 00:00:35.439 is what happened at a brand new in and out 7 00:00:35.560 --> 00:00:39.039 fast food joint. And this happened in Idaho twin falls. 8 00:00:39.079 --> 00:00:43.039 Three people were killed, seven others injured. That happened Saturday 9 00:00:44.200 --> 00:00:48.119 where a gunman, twenty four year old Chad Williams, who's 10 00:00:48.159 --> 00:00:53.039 been identified, died of a self inflicted gun wound. Afterwards, 11 00:00:53.240 --> 00:00:57.280 outside in an ordinary parking lot filled with people who 12 00:00:57.320 --> 00:01:00.479 were charging their electric cars or waiting in the drive 13 00:01:00.560 --> 00:01:03.039 through line, even just kind of one of those fun, 14 00:01:03.320 --> 00:01:08.959 lazy Saturday afternoons, all of a sudden became very chaotic, Sadly, 15 00:01:09.159 --> 00:01:13.319 the crack of gunfire, people scrambling and screaming, calling nine 16 00:01:13.400 --> 00:01:16.640 one one and running for safety, and the realization that 17 00:01:16.719 --> 00:01:23.000 there was an active shooter, but there was somebody there. 18 00:01:23.159 --> 00:01:26.719 There was a customer who grabbed a gun, who had 19 00:01:26.760 --> 00:01:31.719 a gun and responded and went after the shooter, and 20 00:01:31.799 --> 00:01:34.519 so many who were there say that made such a 21 00:01:34.560 --> 00:01:36.599 big difference, including this one patron. 22 00:01:37.239 --> 00:01:40.319 Yeah, I would say he definitely distracted the shooter from 23 00:01:40.359 --> 00:01:41.239 shooting more people. 24 00:01:41.359 --> 00:01:44.359 The shooter was solely focused on him and allowed us 25 00:01:44.359 --> 00:01:46.280 to get out. I mean the car directory had to 26 00:01:46.280 --> 00:01:47.120 me was getting shot. 27 00:01:49.000 --> 00:01:53.319 Yeah, And this wasn't a really busy commercial area. It 28 00:01:53.439 --> 00:01:55.480 was a stretch of the city's north side where you 29 00:01:55.519 --> 00:01:59.599 have hotels and retail stores and restaurants. Because there's a 30 00:01:59.599 --> 00:02:01.480 lot of people that are tourists that are there, are 31 00:02:01.519 --> 00:02:04.719 residents that are there. It's to give you an idea 32 00:02:04.760 --> 00:02:06.760 of where it is. This beautiful place one hundred and 33 00:02:06.760 --> 00:02:11.240 thirty miles southeast of Boise, and it is a hub 34 00:02:11.319 --> 00:02:15.719 for a lot of southern Idaho. It happened to thirty 35 00:02:16.319 --> 00:02:18.560 on Saturday afternoon. I'm sure we're going to hear more 36 00:02:18.560 --> 00:02:22.520 about that throughout the week. Meanwhile, all eyes are turned 37 00:02:22.800 --> 00:02:26.759 toward what is happening with Iran. The president says Iran 38 00:02:26.879 --> 00:02:29.879 war talks are going to resume on Monday. He called 39 00:02:30.080 --> 00:02:34.080 off the strikes. There's still was a ton of opinions 40 00:02:34.319 --> 00:02:37.039 about what he should do from the people on the 41 00:02:37.080 --> 00:02:41.520 hill including Republican Congressman from Ohio Mike Turner. 42 00:02:42.479 --> 00:02:45.759 Iran is in a position where they're going to have 43 00:02:45.879 --> 00:02:47.919 to come to a table. Whether it's economics, where it's 44 00:02:48.000 --> 00:02:53.639 energy production, whether it's the loss of critical infrastructure, military infrastructure, 45 00:02:53.919 --> 00:02:57.599 the loss of their military capabilities. All metrics would show 46 00:02:57.599 --> 00:03:01.599 a declining capability to continue. They're going to have to 47 00:03:01.639 --> 00:03:04.719 be in a position where ultimately they're going to have 48 00:03:04.840 --> 00:03:07.960 to concede to the opening of the straits and returning 49 00:03:08.000 --> 00:03:08.560 to commerce. 50 00:03:09.800 --> 00:03:13.400 Louisiana Senator of Republican as well, John Carey was part 51 00:03:13.400 --> 00:03:16.039 of the Sunday Sworld too, that's the political talking heads. 52 00:03:16.039 --> 00:03:18.080 He had his own take on Iran. 53 00:03:19.080 --> 00:03:24.479 I'm always willing to give piece a chance. Respectfully, I 54 00:03:24.520 --> 00:03:29.240 would remind President Trump of three things. Number One, the 55 00:03:29.280 --> 00:03:32.360 only reason that Ron is coming to the table, if 56 00:03:32.400 --> 00:03:38.400 indeed they are, is because Israel and the United States 57 00:03:38.400 --> 00:03:44.000 of America have have torn them a new ashtray. Number Two, 58 00:03:47.000 --> 00:03:52.039 no deal is just fine, not preferred, but not preferable, 59 00:03:53.120 --> 00:03:59.000 but it's fine. A bad deal is number Three. He 60 00:03:59.120 --> 00:04:04.319 has to remember that the Iranian government learned to lie 61 00:04:04.560 --> 00:04:09.159 before they learn to talk, and they're more than mildly insane. 62 00:04:10.360 --> 00:04:13.680 Dealing with them is like dealing with Shaun of Sham 63 00:04:14.759 --> 00:04:21.079 or Charles Mansion. Whatever he does, do not release the 64 00:04:21.199 --> 00:04:25.560 sanctions stopping their shale of oil or remove the blockade 65 00:04:26.600 --> 00:04:32.079 until we see Ron take firm actions to open the strait. 66 00:04:34.879 --> 00:04:38.839 And so with that, there is a lot of conversations 67 00:04:38.879 --> 00:04:41.800 about what is going to happen on Monday and what's 68 00:04:41.839 --> 00:04:45.680 going to happen the rest of this week. The President 69 00:04:45.720 --> 00:04:47.720 is saying that a plan was in place for US 70 00:04:47.759 --> 00:04:51.199 forces to carry out another big attack. In fact, he 71 00:04:51.279 --> 00:04:54.639 caught it the biggest attack since World War II on Sunday, 72 00:04:54.639 --> 00:04:57.920 but he decided to scrap the plan, like I said, 73 00:04:58.399 --> 00:05:01.000 and give diplomacy more time to kind of play out. 74 00:05:01.279 --> 00:05:05.959 After hearing from key golf leaders, including the Saudi Crown 75 00:05:06.120 --> 00:05:11.720 Prince Mohammed bin Salam Salaman and Solomon Rather, as well 76 00:05:11.759 --> 00:05:17.120 as the request of some others, he said that he 77 00:05:17.160 --> 00:05:20.800 would much prefer a deal as opposed to an attack, 78 00:05:20.920 --> 00:05:24.040 because you don't know where the attacks are going to leed. 79 00:05:24.160 --> 00:05:27.040 So this is another turnaround for the pres who a 80 00:05:27.199 --> 00:05:30.199 day earlier said he's losing faith and negotiating with Iran 81 00:05:30.680 --> 00:05:33.959 and offered ominous warnings that the US military would be 82 00:05:34.040 --> 00:05:38.759 hitting them pretty hard. So on Sunday it was exactly 83 00:05:38.839 --> 00:05:42.439 what you just heard there. He reiterated that the emerging 84 00:05:42.480 --> 00:05:44.920 deal would include a reopening of the Strait of Hormuz, 85 00:05:45.199 --> 00:05:47.480 which of course you know is the critical body of 86 00:05:47.560 --> 00:05:50.160 water where about a fifth of all traded oil and 87 00:05:50.279 --> 00:05:53.759 natural gas flowed before the start of the war, and 88 00:05:53.800 --> 00:06:01.399 would resolve US concerns about Iran's nuclear program. So this 89 00:06:01.480 --> 00:06:03.839 is once again, I feel like I say this a lot, 90 00:06:04.120 --> 00:06:09.519 but this is a really really big week. What will change? 91 00:06:09.560 --> 00:06:14.000 What will be different that the answer is going to be, Okay, 92 00:06:14.000 --> 00:06:16.879 there's not going to be any strikes this week, and 93 00:06:16.920 --> 00:06:23.199 this is really moving completely in the right direction. I meanwhile, 94 00:06:23.360 --> 00:06:27.959 I mentioned this too that you talk about wildfires. Wow, 95 00:06:28.519 --> 00:06:31.000 now we got another big one, this one in Spokane, 96 00:06:31.519 --> 00:06:35.240 scorching acres and acres and acres. Six thousand acres and 97 00:06:35.279 --> 00:06:40.839 sixty thousand people have been evacuated. The containment that I 98 00:06:41.000 --> 00:06:46.480 have is less than five percent, less than five percent contained, 99 00:06:47.399 --> 00:06:50.959 and you know, they call it, they're calling it historic 100 00:06:51.759 --> 00:06:54.959 and saying that you know, they've got firefighters that are 101 00:06:54.959 --> 00:06:59.120 coming from all over to try and help. It's a 102 00:06:59.160 --> 00:07:03.079 state of emergence and see that's what they've been in 103 00:07:03.160 --> 00:07:08.360 now and it just is at that level three. It's 104 00:07:08.399 --> 00:07:11.639 the highest level in the state for an evac order, 105 00:07:11.720 --> 00:07:16.120 so you know that, and it's just a matter of 106 00:07:16.319 --> 00:07:20.759 keeping people safe and doing whatever they could or whatever 107 00:07:20.800 --> 00:07:24.560 they can to fight this fire, because you look at 108 00:07:24.600 --> 00:07:27.399 the Northwest and you've got seventy five percent of the 109 00:07:27.439 --> 00:07:32.639 fire fighting resources that are deployed across the nation, so 110 00:07:33.160 --> 00:07:35.319 looking for help, trying to get as many people in 111 00:07:35.360 --> 00:07:38.439 there as possible. The cause of the fire is still 112 00:07:38.519 --> 00:07:41.920 under investigation. That would kind of be normal unless there 113 00:07:41.959 --> 00:07:44.759 was something that was obvious. But boy, when you look 114 00:07:44.800 --> 00:07:48.199 at a fire map and you see there where it's 115 00:07:48.240 --> 00:07:52.560 just has bubbled up all over the place, I mean, 116 00:07:52.600 --> 00:07:56.079 it is really really scary. And of course wildfires have 117 00:07:56.160 --> 00:07:58.639 been a problem in other parts of the Pacific Northwest. 118 00:07:59.040 --> 00:08:02.160 Nearly thirty four thousand lightning strikes last month led to 119 00:08:02.199 --> 00:08:04.839 a series of fires and evac orders in the southern 120 00:08:04.879 --> 00:08:09.000 part of British Columbia. Events. So for the summer, about 121 00:08:09.040 --> 00:08:13.279 four hundred and fifty thousand acres have burned in Washington State, 122 00:08:14.319 --> 00:08:17.759 and you know, you've got fifteen fires throughout the states 123 00:08:17.759 --> 00:08:19.439 so you got to think how many people are fighting 124 00:08:19.480 --> 00:08:24.040 these fires? You know what the estimate is, four thousand people. 125 00:08:24.240 --> 00:08:28.600 Four thousand people are doing that. Wow? All right? Coming 126 00:08:29.000 --> 00:08:33.840 up on the flip side, odds and ends, including a 127 00:08:33.879 --> 00:08:37.080 figure when it comes to movies, you're not gonna believe. 128 00:08:37.679 --> 00:08:46.559 That's next tier on atn. 129 00:08:51.399 --> 00:08:54.840 Let's see if something costs less but people are happier 130 00:08:54.960 --> 00:08:57.279 with it. That sounds like something to look into, and 131 00:08:57.320 --> 00:09:00.440 that is meta share. Maybe you've heard switching to meta 132 00:09:00.480 --> 00:09:02.879 share to pay for healthcare can save many families up 133 00:09:02.879 --> 00:09:05.399 to five hundred bucks a month, and that is huge. 134 00:09:05.440 --> 00:09:07.840 But it's also true that people are way more satisfied 135 00:09:07.919 --> 00:09:11.080 after making the switch too. 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I'm a big movie head. 195 00:12:36.440 --> 00:12:43.559 And here's something that's pretty interesting. Spider Man Brand New Day, 196 00:12:44.159 --> 00:12:51.559 second biggest opening in North America ever, three hundred and 197 00:12:51.600 --> 00:12:56.200 fifty five million. Yeah, did you hear the mic drop? 198 00:12:56.240 --> 00:13:00.840 That's a micdrop moment, even for Spider Man. I mean 199 00:13:00.840 --> 00:13:05.399 that's just domestically, and that's only two million shy of 200 00:13:05.440 --> 00:13:10.759 the Avengers End Game back in twenty nineteen. Now, if 201 00:13:10.759 --> 00:13:14.639 we go global, oh yeah, we go global. It earned 202 00:13:14.679 --> 00:13:17.360 nine hundred and twenty seven million in its first weekend. 203 00:13:17.799 --> 00:13:22.080 So that is also the second highest global debut in 204 00:13:22.200 --> 00:13:26.360 film history. So then I said at the top, what 205 00:13:26.440 --> 00:13:30.840 does Odesseus have in common with Peter Parker's the main 206 00:13:30.919 --> 00:13:34.360 character of course of Spider Man, And in the Odyssey. 207 00:13:34.440 --> 00:13:37.000 That's what we're talking about. The main character played by 208 00:13:37.039 --> 00:13:41.679 Matt Damon. So that movie brought in fifty one million 209 00:13:41.720 --> 00:13:45.799 in its third weekend. But if you look at it cumulatively, 210 00:13:46.840 --> 00:13:50.720 it's brought in globally nine hundred and eleven million US 211 00:13:50.840 --> 00:13:56.039 total three hundred and ninety five million. So you combine 212 00:13:56.080 --> 00:14:00.799 the two films and how much they've made. Wow, Wow, 213 00:14:01.639 --> 00:14:05.600 that is I popping, my friends. But notice how I said, 214 00:14:06.200 --> 00:14:09.600 you know, the Odyssey's been out for it's for three weeks, 215 00:14:09.600 --> 00:14:12.120 three hundred and ninety five million. Just let's say, let's 216 00:14:12.200 --> 00:14:15.639 just talk about in the US compared to Spider Man 217 00:14:15.960 --> 00:14:20.519 that's at three fifty five. So Spider Man, I think, 218 00:14:20.759 --> 00:14:23.120 has a broader audience of course, So that makes this 219 00:14:23.480 --> 00:14:26.720 make sense. And it's been a while. I tried to 220 00:14:26.759 --> 00:14:29.519 figure out, Okay, how long has it been? And it 221 00:14:29.720 --> 00:14:32.480 follows it's a follow up to No Way Home. And 222 00:14:32.519 --> 00:14:36.039 you know what No Way Home was back in twenty 223 00:14:36.120 --> 00:14:40.159 twenty one. Do you believe it? Time flies? Oh? How 224 00:14:40.200 --> 00:14:44.120 the web is weave very slowly? I think in a 225 00:14:44.159 --> 00:14:47.120 way that's really surprising. I thought that long, it's been 226 00:14:47.159 --> 00:14:54.320 that long, and it has indeed, right, so brand New 227 00:14:54.679 --> 00:15:00.320 Day is the fourth Tom Holland Spider Man that we've scene, 228 00:15:01.120 --> 00:15:04.039 and the critics are liking it. They I mean, look 229 00:15:04.080 --> 00:15:07.519 at rotten tomatoes can be rough. That's an aggregate where 230 00:15:07.519 --> 00:15:11.960 they really pull in what audiences are saying and critics, 231 00:15:12.000 --> 00:15:17.080 and it's ninety eight percent on rotten tomatoes if you care, right, 232 00:15:17.720 --> 00:15:20.120 So how about that? And then you gotta thank you 233 00:15:20.159 --> 00:15:23.039 A Toy Story five that's crushed it. You have minions 234 00:15:23.080 --> 00:15:27.080 and monsters that's also done. So there's just no doubt. 235 00:15:27.120 --> 00:15:31.919 This has been a very big summer for the movies, 236 00:15:32.080 --> 00:15:38.360 a very very very very big, big, big, big big summer. Yeah. Absolutely, 237 00:15:38.639 --> 00:15:53.240 all right, how about some tell me something good. Yeah, 238 00:15:53.240 --> 00:15:55.000 we got a lot of good things that we could 239 00:15:55.039 --> 00:15:59.240 talk about, for sure, But I'm gonna say this is 240 00:15:59.559 --> 00:16:01.720 This is good because you have a long time to 241 00:16:01.840 --> 00:16:05.799 prepare for it. What if I told you that you 242 00:16:06.000 --> 00:16:09.360 have an opportunity, you everybody listening to me, you have 243 00:16:09.399 --> 00:16:15.519 an opportunity to look up into the sky in August 244 00:16:15.720 --> 00:16:19.799 and see a total solar eclipse that'll last up to 245 00:16:19.879 --> 00:16:23.799 six minutes and twenty three seconds at its peak. That's 246 00:16:23.840 --> 00:16:26.919 a long time. So if you're fumbling around trying to 247 00:16:26.919 --> 00:16:28.759 get in the right spot. Oh, I can't see anything 248 00:16:29.000 --> 00:16:31.720 doing that thing where you make the box that you 249 00:16:31.759 --> 00:16:33.720 look down in the box and then you look up. 250 00:16:33.759 --> 00:16:35.240 You know what I'm talking about when you're a kid. 251 00:16:35.440 --> 00:16:39.679 So the total solar eclipse that means the Moon moves 252 00:16:39.720 --> 00:16:42.799 perfectly between the Sun and the Earth, it casts a 253 00:16:42.879 --> 00:16:45.960 shadow on the Earth. It'll be one of the longest 254 00:16:46.200 --> 00:16:50.159 in several decades. Now, if I wanted to compare it, 255 00:16:50.600 --> 00:16:53.440 we'd have to go back to April eighth of twenty 256 00:16:53.480 --> 00:16:56.519 twenty four that lasted four minutes and twenty eight seconds 257 00:16:56.559 --> 00:16:59.840 at its peak. The last time any of them last 258 00:17:00.120 --> 00:17:04.799 in six minutes and anything, you'd be back in nineteen 259 00:17:04.920 --> 00:17:10.319 ninety one. Tom Holland was barely born and wasn't Spider Man. 260 00:17:10.839 --> 00:17:13.440 So so this is the thing. I say. You have 261 00:17:13.480 --> 00:17:16.119 time to prepare for it. I said it was in 262 00:17:16.160 --> 00:17:23.720 August August twenty twenty seven, So mark this down. You 263 00:17:23.799 --> 00:17:29.319 have time to prepare. August second, twenty twenty seven is 264 00:17:29.359 --> 00:17:34.039 going to be the longest eclipse totality, and we all 265 00:17:34.480 --> 00:17:36.759 should try and see it if you're into it at all, 266 00:17:37.119 --> 00:17:38.839 because none of us are going to make it to 267 00:17:38.880 --> 00:17:40.759 the next time. It's going to be that long. I 268 00:17:40.799 --> 00:17:44.359 can promise you that. That's a sure bet. You know why, 269 00:17:44.680 --> 00:17:50.240 the longest eclipse totality like that again after August second, 270 00:17:50.240 --> 00:17:54.440 twenty twenty seven, is going to be twenty one fourteen, 271 00:17:55.680 --> 00:18:00.480 twenty one fourteen. Now here's the here's the cat. Though. 272 00:18:00.559 --> 00:18:03.079 I got some sad news. I can almost to hear 273 00:18:03.119 --> 00:18:06.319 the boo birds getting ready to bow. The eclipse will 274 00:18:06.359 --> 00:18:11.279 be visible in parts of Africa, Europe, the Middle East. However, 275 00:18:11.440 --> 00:18:13.720 the vast majority of the United States is not gonna 276 00:18:13.720 --> 00:18:17.279 have a great view of it. Do they bum you out? 277 00:18:18.480 --> 00:18:21.039 I don't know. I got kind of bummed out. 278 00:18:21.160 --> 00:18:21.279 Now. 279 00:18:21.279 --> 00:18:25.200 It's gonna be visible in parts of Maine, for sure. 280 00:18:25.319 --> 00:18:26.720 You're gonna be able to see it in Maine, and 281 00:18:26.720 --> 00:18:27.880 you're going be able to see it in a couple 282 00:18:27.880 --> 00:18:32.160 of other good, really good spots in the United States. 283 00:18:32.279 --> 00:18:34.599 But you know, there's so many other countries that are 284 00:18:34.599 --> 00:18:37.519 gonna have a much much better view of it, I think, 285 00:18:37.599 --> 00:18:40.839 than the US. But what a phenomenon that is, and 286 00:18:40.880 --> 00:18:46.880 where you can really really really see it, like Greenland, Iceland, Portugal, 287 00:18:47.039 --> 00:18:49.559 some places like that. It's gonna be good to see it. 288 00:18:49.559 --> 00:18:51.960 I don't know. I think the eclipse is a cool thing. 289 00:18:52.319 --> 00:18:54.440 I don't know that I really registered on me when 290 00:18:54.480 --> 00:18:56.759 I was a kid and you were looking at an eclipse. 291 00:18:57.000 --> 00:18:58.839 I know there was the excitement. I know there was 292 00:18:59.319 --> 00:19:03.000 making the the thing that you had to make where 293 00:19:03.000 --> 00:19:06.960 you looked into it like a telescope. But and of 294 00:19:07.000 --> 00:19:09.680 course do you see it? Do you see it? But 295 00:19:10.240 --> 00:19:13.200 I think I thought they came about a lot more 296 00:19:13.279 --> 00:19:17.680 than they do. So something to keep in mind for 297 00:19:17.839 --> 00:19:20.880 next time around. All right, this is one of those 298 00:19:21.079 --> 00:19:24.759 ubiquitous bits of information. I just happened to see this 299 00:19:24.839 --> 00:19:29.359 kind of rando trivia. And the trivia question is what 300 00:19:29.519 --> 00:19:34.720 country eats the most pizza per capita? And I know 301 00:19:34.799 --> 00:19:39.160 what you're thinking. Are you thinking? Are you thinking Italy? 302 00:19:39.880 --> 00:19:43.359 Are you thinking Italy? If you were thinking Italy, you 303 00:19:43.400 --> 00:19:49.960 would be thinking wrong. The most consumption for pizza is 304 00:19:50.240 --> 00:19:57.359 you're ready for this. Per capita in pounds is Norway, Norway, 305 00:19:58.359 --> 00:20:05.799 and the United States is second, Canada, Australia, then Italy. See, 306 00:20:05.799 --> 00:20:07.720 I think it also has I would say it has 307 00:20:07.720 --> 00:20:12.240 something to do with population, except for per capita, right Norway. 308 00:20:12.440 --> 00:20:15.440 So no, it's it's looking at the amount of people 309 00:20:15.480 --> 00:20:19.039 and then measuring it. That Way, and then the least 310 00:20:19.079 --> 00:20:24.160 amount of pizza that was measured was Brazil, right, and 311 00:20:24.240 --> 00:20:29.279 per capita in pounds Norway twenty five point one, United 312 00:20:29.279 --> 00:20:32.920 States twenty one point two, Canada nineteen point six. Here's 313 00:20:32.960 --> 00:20:37.519 the shaker, Italy sixteen point eight. I betually if you 314 00:20:37.599 --> 00:20:40.759 talked about pasta, though, that would be a whole different 315 00:20:40.799 --> 00:20:45.720 story if you talked about pasta, because there it's gotta 316 00:20:45.759 --> 00:20:48.480 be high. Anyone that goes to Italy, they always talk 317 00:20:48.519 --> 00:20:51.640 about how much pasta, how much pasta you know that 318 00:20:51.720 --> 00:20:55.880 they have that they've eaten. All right, this is big 319 00:20:55.920 --> 00:20:58.519 in the money, money, money department. Wouldn't it be nice 320 00:20:58.599 --> 00:21:01.799 to have the prices roll back when you pull up 321 00:21:01.799 --> 00:21:08.240 at the pump. Yeah, The Trump administration is looking to 322 00:21:08.279 --> 00:21:13.359 reopen closed oil refineries, including one in the Virgin Islands, 323 00:21:13.400 --> 00:21:18.400 amid these high gasoline prices because of the war. And yes, 324 00:21:18.640 --> 00:21:21.720 even though we're entering into maybe a different phase, we hope, 325 00:21:22.200 --> 00:21:25.960 but it has been confirmed that they're trying to find 326 00:21:26.000 --> 00:21:31.680 some refineries that could reopen, and the Saint Croix refinery 327 00:21:31.839 --> 00:21:37.799 is definitely one of them, right because that refinery was 328 00:21:38.240 --> 00:21:43.720 built to refine Venezuelan oil because of its location. Since 329 00:21:43.759 --> 00:21:48.160 April twenty twenty five companies have approached the White House 330 00:21:48.400 --> 00:21:53.799 to express interest in purchasing that refinery. And so now 331 00:21:53.839 --> 00:21:58.079 that's ramping up right. That okay, that could happen. And 332 00:21:59.240 --> 00:22:01.960 the idea is part of what people don't I think 333 00:22:02.079 --> 00:22:04.680 understand is it has to be refined. You have to 334 00:22:04.720 --> 00:22:08.680 have more refineries. There's not enough refineries. And as fast 335 00:22:08.720 --> 00:22:13.319 as you can refine the oil, the more that flows 336 00:22:13.359 --> 00:22:16.240 in the right direction, so to speak, and that changes 337 00:22:16.759 --> 00:22:21.160 can change dramatically. What happens at the pumps when people 338 00:22:21.200 --> 00:22:24.599 are complaining, All right, it's back. You asked for it. 339 00:22:24.720 --> 00:22:28.200 So we got the Weekly rewind. What you missed and 340 00:22:28.240 --> 00:23:06.960 you need to know is we spring forward interest rates, 341 00:23:07.039 --> 00:23:12.519 interest rates, interest rates. The Fed left the interest rates unchanged. 342 00:23:13.079 --> 00:23:22.839 That tops the Weekly rewind. Yeah, so there was three 343 00:23:22.920 --> 00:23:25.400 votes for an increase, but that's not enough. So it 344 00:23:25.440 --> 00:23:28.799 was a divided federal reserve. But they left the key 345 00:23:29.119 --> 00:23:33.119 rate unchanged. And so there are a lot of people 346 00:23:33.160 --> 00:23:39.000 that are wondering why that happened. And you know, you 347 00:23:39.079 --> 00:23:42.240 got the President who we know he's looking for a cut, 348 00:23:42.279 --> 00:23:45.920 that's for sure. He wasn't happy with the last chairman. 349 00:23:46.039 --> 00:23:49.519 He likes Kevin Walsh. In fact, that's somebody that he 350 00:23:49.839 --> 00:23:55.279 would hand pick to have that position. But it was 351 00:23:55.319 --> 00:23:58.960 one of those cliffhanger kind of meetings, as it's been described. 352 00:23:58.960 --> 00:24:02.359 At the bottom line is the rate is the same, 353 00:24:02.559 --> 00:24:07.960 it's held steady. Here's the chairman himself talking last week 354 00:24:08.079 --> 00:24:09.440 about no rate cut. 355 00:24:10.160 --> 00:24:12.839 Today, as you know, our committee decided to vote by 356 00:24:12.839 --> 00:24:16.200 a nine to three vote to maintain the target range 357 00:24:16.200 --> 00:24:18.519 for the federal funds rate at three and one half 358 00:24:18.559 --> 00:24:22.240 to three and three quarters percent. The Committee is continuing 359 00:24:22.279 --> 00:24:25.359 its policy of making ample reserves in the banking system. 360 00:24:26.759 --> 00:24:32.079 The economy is showing impressive resilience even with recent shocks. 361 00:24:32.640 --> 00:24:37.240 The trends are positive and reveal solid growth. Job gains 362 00:24:37.279 --> 00:24:40.519 have kept pace with the workforce, and the unemployment rate 363 00:24:40.599 --> 00:24:41.480 has changed little. 364 00:24:44.960 --> 00:24:50.480 Yeah, so it's interesting. You know what he was explaining 365 00:24:50.640 --> 00:24:55.559 is he says, listen, uncertainty does not mean lack of clarity. 366 00:24:55.559 --> 00:24:58.440 In fact, he had a forty five minute press conference 367 00:24:58.599 --> 00:25:00.680 afterwards because there were so many people, they were asking 368 00:25:00.759 --> 00:25:04.880 so many questions. I happened to see what Dario Perkins, 369 00:25:04.880 --> 00:25:08.640 who's a managing director at TS Lombard wrote all spin, 370 00:25:08.920 --> 00:25:13.799 no delivery so in the briefing room, reporters were kind 371 00:25:13.839 --> 00:25:18.319 of perplexed by some of the statements. No change to rates, 372 00:25:18.400 --> 00:25:24.559 no forward guidance for the average household. So what's the news. 373 00:25:25.079 --> 00:25:29.440 You know, what's the news there? And you know, that 374 00:25:29.480 --> 00:25:32.880 turned out to be pretty big. Ultimately, the president, of course, 375 00:25:33.000 --> 00:25:34.640 was asked about it, and here's what he said. 376 00:25:35.759 --> 00:25:37.559 Kevin's fantastic, but he's got a board. 377 00:25:38.119 --> 00:25:41.799 Yeah, Kevin's got aboard. He's fantastic. He's a brilliant guy. Smart. 378 00:25:42.519 --> 00:25:44.960 I know, I'd love to see lower interest rates, but 379 00:25:45.640 --> 00:25:48.720 he's got a board, and it's a political board, and 380 00:25:48.759 --> 00:25:50.039 they want to keep race up. 381 00:25:50.440 --> 00:25:51.599 But we fight through Rachel. 382 00:25:53.559 --> 00:25:55.359 All right, it's what he said the presidents that we 383 00:25:55.400 --> 00:26:00.440 fight through rates. So here's the thing you're not gonna 384 00:26:00.960 --> 00:26:06.359 you know, after that announcement, the Dow sunk like two percent. 385 00:26:06.440 --> 00:26:08.920 It had its worst day in over a year. So 386 00:26:09.039 --> 00:26:14.440 his comments, Wassh's comments, stirred up volatility because not what 387 00:26:14.640 --> 00:26:18.559 was expected. Of course, there was a bounce back after that, 388 00:26:19.599 --> 00:26:21.519 but and you know, we're always going to get these 389 00:26:21.599 --> 00:26:24.759 post meeting press conferences for the rest of the year. 390 00:26:24.759 --> 00:26:27.759 So now kind of the thought is, okay, maybe there's 391 00:26:27.839 --> 00:26:32.920 going to be a cut on this in the September meeting. 392 00:26:33.240 --> 00:26:37.440 But there was no indication of that happening. There's no 393 00:26:37.920 --> 00:26:42.079 there was nothing that pointed to, oh, okay, well, maybe 394 00:26:42.119 --> 00:26:45.279 that's going to be different when we get to uh, 395 00:26:45.960 --> 00:26:48.799 you know, when we get to September. So if you 396 00:26:48.799 --> 00:26:52.240 look at mortgage rates, they're not great. I mean, the 397 00:26:52.319 --> 00:26:57.720 thirty year fixed index six point eighty three, six point 398 00:26:57.720 --> 00:27:03.160 eighty three percent, and you know that's just a that's 399 00:27:03.240 --> 00:27:06.160 just a ticker two lower because now we're in August, 400 00:27:06.240 --> 00:27:09.200 a ticker two lower than the tail end of July, 401 00:27:09.440 --> 00:27:13.200