1 00:00:21,839 --> 00:00:25,079 Speaker 1: And here we go. Welcome to the Big Podcast, Welcome 2 00:00:25,120 --> 00:00:30,519 to the new week, Welcome to Monday. Today is the 3 00:00:30,519 --> 00:00:34,840 fifteenth day of June man halfway through the month year 4 00:00:34,880 --> 00:00:38,479 of Our Lord twenty twenty six. My name is Tom Sullivan. 5 00:00:39,119 --> 00:00:43,359 And well, so we got up. We've got a lot 6 00:00:43,439 --> 00:00:47,039 to over. Weekends have a way of packing a lot 7 00:00:47,079 --> 00:00:53,039 of things in. The big story, obviously, is I don't 8 00:00:53,079 --> 00:00:56,759 know what to call it, a peace agreement, an extension 9 00:00:56,799 --> 00:01:03,560 of the ceasefire, a a way for Iran and the 10 00:01:03,679 --> 00:01:06,280 US to get out, to get an off ramp out 11 00:01:06,319 --> 00:01:10,680 of this war that nobody seemed to want to pursue. 12 00:01:12,120 --> 00:01:14,599 I don't know what to call it. But they've we 13 00:01:14,680 --> 00:01:17,239 don't even know what it is. All we've been told 14 00:01:17,400 --> 00:01:23,000 is spin by Iran and by our government on Oh 15 00:01:23,079 --> 00:01:26,319 this is going to be great. Yeah, they're gonna well, 16 00:01:26,519 --> 00:01:31,480 I mean we're getting we're getting one sided notices about 17 00:01:31,480 --> 00:01:35,400 what is in this agreement, and yet nobody has seen 18 00:01:35,480 --> 00:01:40,519 the agreement, and both sides are saying something different. Now 19 00:01:40,599 --> 00:01:45,159 here's here is from the US. This is from our side. 20 00:01:46,040 --> 00:01:54,959 Nuclear material will be destroyed and removed. Iran says no way. 21 00:01:55,519 --> 00:02:00,680 Number two nuclear program will be dismantled. Iran says, no way. 22 00:02:01,920 --> 00:02:07,239 Number three, none of their money will be released until 23 00:02:07,280 --> 00:02:11,719 they perform. Iran is saying, we're not going anywhere, We're 24 00:02:11,719 --> 00:02:17,520 not doing anything until you start releasing our money. Straight up, 25 00:02:17,560 --> 00:02:24,879 horror moves will be open. That seems to be what 26 00:02:24,879 --> 00:02:28,800 they're saying from both sides. Iran wants it open because 27 00:02:28,800 --> 00:02:32,199 they got to sell oil. They need the money. We 28 00:02:32,280 --> 00:02:34,680 want it open so that get the pressure off of 29 00:02:34,719 --> 00:02:38,360 the world economy that's been hurt by this. And the 30 00:02:38,439 --> 00:02:44,240 last item on this list of this Iran deal is 31 00:02:44,319 --> 00:02:50,360 no Iran funding of terrorist groups. That's the Hutis, that's 32 00:02:50,919 --> 00:02:57,639 has Blaw, that's Hamas and I don't nobody said anything 33 00:02:57,639 --> 00:02:59,560 from Iran, but you know that they want to keep 34 00:02:59,599 --> 00:03:03,199 that up. So I mean, we're I don't know where 35 00:03:03,199 --> 00:03:08,039 we are. This is the most historically you can look 36 00:03:08,080 --> 00:03:10,599 back and see the way that peace agreements have been 37 00:03:10,639 --> 00:03:13,759 reached and how people come together and they have a 38 00:03:13,840 --> 00:03:19,080 signing ceremony they're going to sign a peace agreement and 39 00:03:19,120 --> 00:03:22,360 not in this case it's going to be signed. Well, 40 00:03:22,400 --> 00:03:24,759 they said it was going to be signed yesterday, it wasn't. 41 00:03:25,199 --> 00:03:29,240 Then they said, well, because nobody was over there wherever 42 00:03:29,400 --> 00:03:31,719 there was where they were going to sign a rumor 43 00:03:31,759 --> 00:03:40,039 with Geneva. Then it became well, instead of we'll do it, yeah, 44 00:03:40,159 --> 00:03:44,159 we'll do it electronically. That's it digital, you know, twenty 45 00:03:44,240 --> 00:03:46,000 twenty six. And you go, well, wait a minute, you're 46 00:03:46,000 --> 00:03:48,639 not even going to look at each other eye to eye, 47 00:03:48,639 --> 00:03:50,360 you're not going to shake their hand, you're not going 48 00:03:50,439 --> 00:03:51,840 to do any of the You're going to do it 49 00:03:52,039 --> 00:03:55,919 on a computer. Okay, But that didn't happen. And now 50 00:03:55,919 --> 00:03:59,120 they're telling us that it's going to be signed on Friday, 51 00:04:00,439 --> 00:04:05,840 But nobody is releasing the documents, the memorandum of understanding. 52 00:04:06,400 --> 00:04:10,599 There isn't one. It does. I think it's talk about 53 00:04:10,639 --> 00:04:15,520 fake news. I think it's fake. There isn't a memorandum 54 00:04:15,520 --> 00:04:20,879 of understanding that anybody has seen. Nobody's leaking anything about 55 00:04:20,920 --> 00:04:26,040 the memorandum of understanding. It's nowhere to be found. But 56 00:04:26,079 --> 00:04:29,360 they're going to sign it on Friday. Now, I don't know. 57 00:04:29,439 --> 00:04:32,079 You want to put some some bets down on whether 58 00:04:32,240 --> 00:04:34,920 it will actually be signed on Friday. Oh, you know 59 00:04:36,279 --> 00:04:41,000 Kalshi in some of those betting places. Oh, by the way, 60 00:04:40,879 --> 00:04:44,439 they had Barnburner betting over the weekend for all the sports. 61 00:04:44,680 --> 00:04:47,199 We'll get back to that. But that no, I mean, seriously, 62 00:04:47,680 --> 00:04:50,199 do you think this is for real? Do you think 63 00:04:50,240 --> 00:04:52,800 there is a document? Do you think they're just making 64 00:04:52,839 --> 00:04:54,959 it up because they don't know how to get out 65 00:04:55,040 --> 00:04:58,560 of this. And I know President Trump wants out of 66 00:04:58,600 --> 00:05:02,040 this in the worst way, and I presume Iron want's 67 00:05:02,079 --> 00:05:05,160 out of them so that we don't keep dropping bombs 68 00:05:05,199 --> 00:05:09,800 on them. So this is I don't trust this. I 69 00:05:09,959 --> 00:05:14,000 just I just you know this. Ronald Reagan's statement about 70 00:05:14,240 --> 00:05:18,920 the Soviet Union was trust but verify. I don't. I 71 00:05:18,959 --> 00:05:22,800 don't trust him, and they're not going to let us verify. 72 00:05:23,680 --> 00:05:28,879 I think they are playing us for suckers. They are masters. 73 00:05:28,920 --> 00:05:32,920 Everybody has said they're masters at dragging out negotiations. So 74 00:05:33,000 --> 00:05:36,560 what this signing ceremony on Friday is supposed to be 75 00:05:37,759 --> 00:05:45,839 is an agreement to basically start sixty days of negotiations. 76 00:05:46,160 --> 00:05:50,720 We just did that. We just did that. There was 77 00:05:50,759 --> 00:05:54,480 a sixty day period in which they keep coming up 78 00:05:54,480 --> 00:05:59,279 to these places and stopping. Oh man, I've got this general. 79 00:06:00,680 --> 00:06:04,079 He's a lieutenant general, so a three star retired. His 80 00:06:04,240 --> 00:06:09,600 name is Stephen Twitty, and he's not happy with this 81 00:06:09,879 --> 00:06:11,240 at all. Here's the generals. 82 00:06:11,759 --> 00:06:13,839 Speaker 2: No, I don't see it that way at this point. 83 00:06:14,439 --> 00:06:17,639 Let me just frame it in my view here. First 84 00:06:17,639 --> 00:06:21,759 of all, I'm cautiously optimistic that this memory or random 85 00:06:22,040 --> 00:06:27,319 understanding will be signed. We've heard this rhetoric several times before, 86 00:06:27,439 --> 00:06:31,360 and we know that the Iranians do not operate in 87 00:06:31,480 --> 00:06:35,160 good faith. And from what I understand, and this is 88 00:06:35,279 --> 00:06:39,120 leaked information in the press, this will extend the cease 89 00:06:39,160 --> 00:06:42,839 far for sixty days, and so we need to look 90 00:06:42,959 --> 00:06:46,720 past the extension of the ceasefire and think about what's 91 00:06:46,720 --> 00:06:49,759 the state here. First of all, we need to get 92 00:06:49,839 --> 00:06:56,120 the nine hundred pounds of highly enriched Iranian out of Iran. Secondly, 93 00:06:56,160 --> 00:06:59,920 we need to straight her her moves open. We cannot also, 94 00:07:00,079 --> 00:07:04,399 so forget about the drones and the ballistic missiles. They 95 00:07:04,439 --> 00:07:09,120 have the ability to impact US forces in the reason region, 96 00:07:09,639 --> 00:07:13,879 US interest in the region, and also our allies across 97 00:07:13,920 --> 00:07:19,360 the region instability if we don't curtail their ballistic missile 98 00:07:19,800 --> 00:07:23,680 and their drone capability as well, and we can forget 99 00:07:23,839 --> 00:07:25,079 the proxies out there. 100 00:07:25,360 --> 00:07:29,199 Speaker 1: Yeah, so the general is very very very simple. Get 101 00:07:29,279 --> 00:07:32,680 the new material out. You cannot leave any of it 102 00:07:32,759 --> 00:07:34,800 there and open the strait. 103 00:07:35,480 --> 00:07:36,160 Speaker 3: That's all. 104 00:07:36,240 --> 00:07:40,639 Speaker 1: That's all we need and we'll be happy. But what 105 00:07:40,800 --> 00:07:46,279 about this stop and start, stop and start ceasepire no ceasefire, 106 00:07:46,439 --> 00:07:50,480 dropping bombs, back to some sort of sixty day talking period. 107 00:07:50,839 --> 00:07:54,600 The general also thinks that has been harming our ability 108 00:07:54,680 --> 00:07:55,040 to win. 109 00:07:55,480 --> 00:07:58,519 Speaker 2: Well, what I will tell you is that the strategy 110 00:07:58,639 --> 00:08:03,519 is pretty interesting. As you know, we had a tremendous 111 00:08:03,600 --> 00:08:07,959 effort by our troops doing the bombing campaign. They did 112 00:08:08,000 --> 00:08:12,839 a great job. They reduced a lot of capabilities in Iran. 113 00:08:13,480 --> 00:08:16,959 And when you have momentum like that and then you stop, 114 00:08:17,680 --> 00:08:22,240 what it does is it allows your enemy to now 115 00:08:23,079 --> 00:08:27,759 regroup reorganize. And we know that the Iranians are regrouping 116 00:08:27,800 --> 00:08:31,720 and reorganizing and rebuilding their capabilities and so forth. And 117 00:08:31,800 --> 00:08:37,320 so this start and stop military campaign is really not 118 00:08:37,639 --> 00:08:40,039 the way to go. You want to get in, provide 119 00:08:40,120 --> 00:08:45,120 overwhelming combat power on your adversary and pose your will 120 00:08:45,200 --> 00:08:50,080 on them to feed them, and then after you defeat them, 121 00:08:50,120 --> 00:08:52,720 then you can go to the bargaining table and say, okay, 122 00:08:52,759 --> 00:08:56,200 I have the upper hand. What you have now is 123 00:08:56,320 --> 00:09:01,039 the Iranians have leverage in two areas. Number one, the 124 00:09:01,120 --> 00:09:04,519 straight of our moves. We see that plan out every day. 125 00:09:05,080 --> 00:09:09,399 And number two, they still retained the highly enriched Uran it. 126 00:09:09,759 --> 00:09:13,159 So they have two points the leverage, which makes it 127 00:09:13,240 --> 00:09:16,440 difficult for us to conduct these negotiations. 128 00:09:17,480 --> 00:09:21,799 Speaker 1: I know the general again, generals are politically savvy. That's 129 00:09:21,799 --> 00:09:24,440 how they get to be a general. But he said, yeah, 130 00:09:24,480 --> 00:09:30,919 this strategy is interesting. Whenever somebody says, oh, isn't that interesting, 131 00:09:30,960 --> 00:09:33,080 and you know what they're really saying is, I don't 132 00:09:33,120 --> 00:09:37,320 know about this. This sounds goofy to me. So he's 133 00:09:37,399 --> 00:09:40,039 not happy with the stop and start, stop and start 134 00:09:40,399 --> 00:09:44,159 military campaign that we have had. He says that that 135 00:09:44,159 --> 00:09:47,480 that doesn't give you any leverage, and it gives the 136 00:09:47,679 --> 00:09:51,799 up the enemy the leverage and makes for the negotiations 137 00:09:52,200 --> 00:09:55,919 to be difficult. Those were his words. So I've got 138 00:09:56,039 --> 00:09:58,519 I've got a number of people to to go down here, 139 00:09:58,799 --> 00:10:03,080 Kareem Sagipor from the Carnigian Institute. Let's see what he 140 00:10:03,120 --> 00:10:03,679 has to say. 141 00:10:04,320 --> 00:10:08,080 Speaker 4: I think this is essentially a temporary pause and what 142 00:10:08,200 --> 00:10:11,399 has been a hot war between America and Iran, and 143 00:10:11,440 --> 00:10:13,960 we're going to go back to being in a cold 144 00:10:13,960 --> 00:10:19,399 war state with Iran. What's been decided here is to 145 00:10:19,559 --> 00:10:24,480 lift the mutual blockade, America's blockade up the Strait of 146 00:10:24,559 --> 00:10:28,240 Homo's Iran's blockade of it as well. So that will 147 00:10:28,240 --> 00:10:31,080 bring all prices down, and it will bring some economic relief 148 00:10:31,120 --> 00:10:34,320 to the people of Iran. It'll bring some relief to 149 00:10:34,600 --> 00:10:37,600 America's partners in the Persian Gulf that I haven't been 150 00:10:37,639 --> 00:10:41,879 able to import your export as resulted this blockade. But 151 00:10:42,000 --> 00:10:45,080 it does not resolve the conflict. The Thornius issues have 152 00:10:45,159 --> 00:10:49,159 been deferred for future negotiations, and I'm not terribly optimistic 153 00:10:49,200 --> 00:10:52,279 that they're going to be resolved in a sixty day timeframe. 154 00:10:52,960 --> 00:10:56,320 Speaker 1: He's not terribly optimistic that the Thorny issues will be 155 00:10:57,279 --> 00:11:00,679 negotiated in a sixty day time frame. Nobody else is either. 156 00:11:01,080 --> 00:11:04,879 The JCP away that was done during the Obama administration 157 00:11:05,320 --> 00:11:07,879 took two years, But that doesn't mean this has to 158 00:11:07,879 --> 00:11:14,679 be that. But I mean, I don't know the clock 159 00:11:14,759 --> 00:11:16,960 that keeps being put on this. Remember where we are, 160 00:11:17,000 --> 00:11:20,320 this is June. So we can get the you can 161 00:11:20,440 --> 00:11:22,279 you can bet that the White House is looking and 162 00:11:22,320 --> 00:11:24,320 going if we can get this all solved and we 163 00:11:24,320 --> 00:11:26,960 can get oil and gas prices back down again. I 164 00:11:27,000 --> 00:11:29,759 mean the election isn't until five four and a half 165 00:11:29,879 --> 00:11:32,519 months from now. Why by what we should we should 166 00:11:32,559 --> 00:11:36,120 have everything kind of a copathetic by the time that 167 00:11:36,120 --> 00:11:39,679 that's all this is about. Even the president's announcements on 168 00:11:39,720 --> 00:11:43,720 true social always we're focused on oil, get the oil 169 00:11:43,840 --> 00:11:48,080 moving again, the start your engines ships all about oil, 170 00:11:48,879 --> 00:11:51,559 and it keeps talking about oil prices are going to 171 00:11:51,679 --> 00:11:54,799 drop like a rock. Well they're coming down on this news, 172 00:11:54,879 --> 00:11:57,600 but not like a rock, but they definitely are coming down. 173 00:11:58,440 --> 00:12:03,039 But I I don't find anybody is optimistic about this. 174 00:12:03,320 --> 00:12:06,840 Is a is a deal of any kind you and 175 00:12:06,879 --> 00:12:10,759 I consider a deal? Is that we're we were even 176 00:12:10,759 --> 00:12:14,440 if we're not one, we're ninety percent on the same page. 177 00:12:14,480 --> 00:12:15,720 This isn't even close. 178 00:12:17,159 --> 00:12:20,600 Speaker 4: Well, Iran's representatives have said that it's not going to 179 00:12:20,639 --> 00:12:24,360 go back to status quoante to be an international waterway, 180 00:12:24,440 --> 00:12:28,080 that they are going to charge some type of administrative fees. 181 00:12:28,120 --> 00:12:33,159 Whether that's tolling individual ships or administrative fees, it remains 182 00:12:33,240 --> 00:12:37,320 to be seen, but they've been open and saying that 183 00:12:37,320 --> 00:12:40,960 that is their their priority. The strength of hormones now 184 00:12:41,080 --> 00:12:44,960 for Iran is both a potential source of revenue and 185 00:12:45,039 --> 00:12:48,559 it's a it's a it's a deterrent for them in 186 00:12:48,960 --> 00:12:53,840 the future, if the United States or Israel tax iiron, 187 00:12:54,360 --> 00:12:56,720 we may see them close it again. So unfortunately, this 188 00:12:56,759 --> 00:12:59,960 has opened up a Pandora's box, which which didn't exist 189 00:13:00,080 --> 00:13:05,159 before the war. It'll be curious to see if Iranian 190 00:13:05,320 --> 00:13:09,080 officials attend that ceremony in Geneva. You know, this is 191 00:13:09,120 --> 00:13:14,000 a regime which it's entire identity at aemistan hostility towards 192 00:13:14,039 --> 00:13:17,360 the United States, and they're deeply aggrieved by the fact 193 00:13:17,360 --> 00:13:21,279 that the United States has assassinated so many senior Iranian officials. 194 00:13:21,279 --> 00:13:24,360 So I would be skeptical if we're going to see 195 00:13:24,399 --> 00:13:29,000 any handshake between JD. Vans or President Trump and senior 196 00:13:29,000 --> 00:13:31,799 Iranian officials. You know, if we did see that, that 197 00:13:31,840 --> 00:13:33,279 would be somewhat unprecedented. 198 00:13:33,559 --> 00:13:39,200 Speaker 1: Again, it's everybody's got all kinds of hesitation about this 199 00:13:39,399 --> 00:13:43,960 being a deal. General Wesley Clark, he was the former 200 00:13:44,039 --> 00:13:49,519 NATO commander. He has his questions too that he's thinking 201 00:13:49,519 --> 00:13:52,600 along the lines, maybe just because he's a general, but 202 00:13:52,720 --> 00:13:56,080 he's looking at this is going to go back to 203 00:13:56,720 --> 00:13:59,200 kinetic warfare. We're going to We're going to start shooting 204 00:13:59,240 --> 00:14:02,799 at each other. Eventually, And so if we're going to 205 00:14:02,879 --> 00:14:05,480 do that, you basically better go get your ducks in 206 00:14:05,559 --> 00:14:07,200 row with Congress. Here's the general. 207 00:14:08,279 --> 00:14:12,320 Speaker 5: Apparently the access of resistance is going to be untouched, 208 00:14:12,759 --> 00:14:15,679 his law is going to be there, the Iranian militias, 209 00:14:16,480 --> 00:14:19,799 continuing military support to the Hooties in case they need 210 00:14:19,840 --> 00:14:24,840 to close the Red Sea, and continued build up of 211 00:14:24,879 --> 00:14:28,559 the Iranian missile forces. So when you look at this 212 00:14:28,679 --> 00:14:32,919 on balance, it's pretty frightening. Well, I would hope he 213 00:14:33,200 --> 00:14:36,399 first go to the leaders in Congress and set aside 214 00:14:36,440 --> 00:14:40,240 these concerns about the war Powers resolution, because he's doing 215 00:14:40,279 --> 00:14:42,840 what he can right now. He needs the congressional support, 216 00:14:43,519 --> 00:14:47,360 the troops in place, and if shooting starts again, you 217 00:14:47,440 --> 00:14:50,320 want the Congress and the American people behind you. And 218 00:14:50,399 --> 00:14:52,320 I think he needs to come to the American people, 219 00:14:52,840 --> 00:14:57,080 not in a tweet, but actually speaking to the American 220 00:14:57,080 --> 00:15:00,759 people about what this means, why he did it, what 221 00:15:00,879 --> 00:15:03,039 it means for the future. I think he needs to 222 00:15:03,039 --> 00:15:06,720 pull the country together rather than having it divided on this. 223 00:15:07,200 --> 00:15:09,879 If he can do this, he'll have greater leverage in 224 00:15:09,960 --> 00:15:13,080 getting the rite outcome in these negotiations. 225 00:15:13,639 --> 00:15:17,039 Speaker 1: So let's let's review, uh We're not we the God 226 00:15:17,120 --> 00:15:20,559 where to go. Kareem sajitpor He says, this is a 227 00:15:20,639 --> 00:15:26,240 temporary pause. This isn't going to stick. Uh. General Stephen 228 00:15:26,279 --> 00:15:29,480 Twitty says, this stop again, start again, stop again, start 229 00:15:29,519 --> 00:15:33,200 again has made it very difficult, not only for the 230 00:15:33,240 --> 00:15:36,080 military campaign, but to try to come to some to 231 00:15:36,200 --> 00:15:40,759 negotiate some sort of settlement. General Wesley Clark says, but 232 00:15:40,960 --> 00:15:44,879 all the people that are the bad guys out there, 233 00:15:44,960 --> 00:15:49,559 the hoodies and Hamas and his ballah and all these 234 00:15:49,600 --> 00:15:52,799 all these proxies, they're still going and they still have 235 00:15:52,919 --> 00:15:55,679 the power, and you know that they're going to be 236 00:15:55,799 --> 00:15:58,519 firing and we're going to get back into it. We'll 237 00:15:58,559 --> 00:16:01,720 probably get back into shooting at each other. So you 238 00:16:01,799 --> 00:16:05,639 better go get approval from Congress while you've got the chance. 239 00:16:06,159 --> 00:16:12,879 Nobody is positive about this, other than the politicians which 240 00:16:12,960 --> 00:16:18,559 are spinning this. I want out of this war, find 241 00:16:18,600 --> 00:16:21,399 me an off ramp. Okay, I'll take this one. It's 242 00:16:21,399 --> 00:16:24,480 not the best, but I'll try and sell it. They're 243 00:16:24,519 --> 00:16:29,320 trying to sell us propaganda. So the guy who has 244 00:16:29,879 --> 00:16:33,039 broken most of these stories about what's really going on inside, 245 00:16:33,200 --> 00:16:37,399 Barakravid from Axios. Let's see what his latest observation is. 246 00:16:37,759 --> 00:16:40,559 Speaker 6: When I spoke to President Trump yesterday, he was livid 247 00:16:41,039 --> 00:16:46,440 about Israeli Prime Minister Benjamin Nataniau. And you know, he 248 00:16:46,639 --> 00:16:50,559 was so angry that in two separate calls he also 249 00:16:50,600 --> 00:16:55,840 had yesterday with Russian President Vladimir Putin and Ukrainian President 250 00:16:56,279 --> 00:17:02,080 Vladimir Zelenski, he mentioned to them how difficult Nataniao is 251 00:17:02,240 --> 00:17:09,440 and how he's taking steps that are creating problems to 252 00:17:09,559 --> 00:17:14,000 his effort to reach a deal with Iran. And one 253 00:17:14,039 --> 00:17:18,079 of the things Trump told me is that he thinks 254 00:17:18,160 --> 00:17:25,799 that Nataniao has no effing judgment. He used the effort 255 00:17:25,920 --> 00:17:30,759 I think three times during our call in in the 256 00:17:30,799 --> 00:17:34,880 context of what Nataniao did when he ordered the strike 257 00:17:35,680 --> 00:17:41,079 in Beirut. And I think that Nataniao heard directly from 258 00:17:41,240 --> 00:17:45,680 Trump later on that day when they spoke, and and 259 00:17:45,880 --> 00:17:48,960 Trump made it clear to him that this needs to start. 260 00:17:49,519 --> 00:17:49,559 Speaker 7: No. 261 00:17:49,720 --> 00:17:52,319 Speaker 6: So one of the things that Trump said is that 262 00:17:53,119 --> 00:17:56,240 he is aware of this, those his ballet attacks, and 263 00:17:56,240 --> 00:17:59,720 he doesn't think that Israel should ignore them. But if 264 00:18:00,720 --> 00:18:05,079 and I'm quoting him now, if such an attack lands 265 00:18:05,119 --> 00:18:07,880 in an open area and doesn't hit anybody or anything, 266 00:18:08,440 --> 00:18:15,440 then to respond by bombing by rute. He thinks that disproportionate. So, 267 00:18:15,680 --> 00:18:20,079 for example, if these rallies yesterday, again in his opinion, 268 00:18:20,359 --> 00:18:23,920 if these rallies yesterday attacked Rizabala targets in I don't know, 269 00:18:24,000 --> 00:18:29,680 southern Lebanon or the Becca Valley, I'm sure he wouldn't care. 270 00:18:30,519 --> 00:18:35,039 But when on such a Chris Bala attack, Israel strikes 271 00:18:35,119 --> 00:18:38,920 be rute. This is something that, according to Trump, is 272 00:18:40,240 --> 00:18:41,599 crossed his red line. 273 00:18:42,200 --> 00:18:45,839 Speaker 1: So his law is firing missiles a couple of thousand 274 00:18:45,920 --> 00:18:49,319 missiles since the Sea Spire went into effect. What was 275 00:18:49,359 --> 00:18:54,559 that eight weeks ago? A couple of thousand missiles into Israel? 276 00:18:55,240 --> 00:18:58,440 How would you like it if Mexico was sending a 277 00:18:58,480 --> 00:19:05,759 couple of thousand missiles into Arizona or southern California or Texas. 278 00:19:06,640 --> 00:19:09,200 What do you think we would do? Just brush it 279 00:19:09,279 --> 00:19:13,920 off and do nothing. And Israel is a small country. 280 00:19:13,960 --> 00:19:17,680 Net Yahoo is trying to protect the security and safety 281 00:19:17,400 --> 00:19:21,839 of the people of Israel, and Hezblag keeps firing missiles 282 00:19:21,880 --> 00:19:25,000 in and Trump is using the F word, chewing him 283 00:19:25,000 --> 00:19:28,480 out like he like he's the boss of net Yaho. 284 00:19:28,839 --> 00:19:35,599 Net Yahho is there to protect his country. So the relationship. Well, 285 00:19:35,640 --> 00:19:39,880 he was talking to Putin and to Zelenski yesterday and 286 00:19:40,200 --> 00:19:43,160 beaming net in Yaho. What was he talking to Putin 287 00:19:43,200 --> 00:19:47,200 about yesterday? In any case, I digress. But you go 288 00:19:47,319 --> 00:19:50,640 back and you look and you think this is a 289 00:19:50,680 --> 00:19:55,359 total mess. Now we're ruining our relationship with our best 290 00:19:55,400 --> 00:19:59,359 ally in the Middle East, Israel, and there he's getting 291 00:19:59,400 --> 00:20:01,319 into a fight with guy that he's been friends with 292 00:20:01,440 --> 00:20:04,799 for decades, long before he was president. So it is 293 00:20:05,000 --> 00:20:08,799 truly I think the president's panicking. I think he's trying 294 00:20:08,799 --> 00:20:11,359 to do he's got to get out of this, and 295 00:20:11,400 --> 00:20:13,680 there's limited time left. Like I said, four and a 296 00:20:13,720 --> 00:20:16,279 half months until election day. People are going to start 297 00:20:16,279 --> 00:20:19,200 making their minds up if they haven't already, but they'll 298 00:20:19,200 --> 00:20:21,200 do it by the end of summer, by Labor Day. 299 00:20:21,880 --> 00:20:24,640 And so he's got to get these gas prices down 300 00:20:24,799 --> 00:20:29,759 and down quickly. So Tom Close is an executive with 301 00:20:29,960 --> 00:20:35,079 Gulf Oil and was asked about, well, when are we 302 00:20:35,079 --> 00:20:37,000 going to see the prices drop like a rock? 303 00:20:37,640 --> 00:20:41,000 Speaker 3: That's the sixty four thousand dollars question. Really, I mean, 304 00:20:41,680 --> 00:20:44,039 you can say that Iran shut down the straight up 305 00:20:44,079 --> 00:20:46,200 for mos or that the US pluck a did, but 306 00:20:46,279 --> 00:20:49,839 it was really the insurance companies, and until they're very 307 00:20:49,880 --> 00:20:52,839 confident that things are going to transit and exit that strait, 308 00:20:53,279 --> 00:20:55,599 you know, they may not choose to ensure some of 309 00:20:55,640 --> 00:20:58,759 these incredibly huge vessels. So that's what we're going to 310 00:20:58,799 --> 00:21:01,240 watch very very close, So not just this week, but 311 00:21:01,279 --> 00:21:04,359 for the next thirty or sixty days. You know, the 312 00:21:06,559 --> 00:21:10,160 range of how much oil has been leaving the street 313 00:21:10,720 --> 00:21:13,960 was on this plenty last Friday. We had estimates said 314 00:21:13,960 --> 00:21:16,559 it was about three million barrels, and then the Secretary 315 00:21:16,559 --> 00:21:20,079 of Energy, Chris Wright, said it was about seven million 316 00:21:20,119 --> 00:21:23,319 barrels today. It was eighteen before the war, and that's 317 00:21:23,359 --> 00:21:24,799 the thing to remember. 318 00:21:24,759 --> 00:21:27,359 Speaker 1: Okay, So it went from eighteen million barrels a day 319 00:21:27,480 --> 00:21:31,759 going through the Strait to where the world is now 320 00:21:32,200 --> 00:21:37,359 hurting for oil. People have been using their strategic reserves 321 00:21:37,960 --> 00:21:41,319 and a lot of oil analysts are looking in saying 322 00:21:43,039 --> 00:21:45,480 that if this doesn't come to a halt and quickly 323 00:21:45,519 --> 00:21:47,400 and then we're going to start getting the oil out 324 00:21:47,480 --> 00:21:49,799 of the Strait of our movesment put that back into 325 00:21:49,839 --> 00:21:53,599 the world oil production. Otherwise prices are going to spike 326 00:21:53,680 --> 00:21:55,000 as we get later in the year. 327 00:21:55,759 --> 00:21:58,440 Speaker 3: Well, there's a couple of there's really about four or 328 00:21:58,440 --> 00:22:01,359 five really good reasons. Number one, and we probably would 329 00:22:01,359 --> 00:22:04,079 have had a surplus in the world of about three 330 00:22:04,079 --> 00:22:07,720 million barrels a day in the second quarter had we 331 00:22:07,799 --> 00:22:11,680 not had the Iran war. Secondly, we've seen demand destruction 332 00:22:12,079 --> 00:22:15,000 somewhere between three and four million barrels a day, mostly 333 00:22:15,039 --> 00:22:19,359 in Asia, Africa, Australia, only a little bit in the US, 334 00:22:19,440 --> 00:22:23,640 but some substantial demand destruction in Europe. We've seen some 335 00:22:23,720 --> 00:22:26,759 oils sneaking out. And the big wild card, and the 336 00:22:26,799 --> 00:22:28,799 one that I think we have to worry about as 337 00:22:28,799 --> 00:22:31,079 we go into the summer is we've been selling off 338 00:22:31,160 --> 00:22:35,119 the strategic reserves, not just in the US and elsewhere, 339 00:22:35,519 --> 00:22:38,200 and as they run down to certain levels, you know, 340 00:22:38,319 --> 00:22:41,599 you run the risk of getting to the point where 341 00:22:41,720 --> 00:22:44,920 the system seizes up. So that's the big thing we 342 00:22:45,039 --> 00:22:47,680 have to control, or we have to deal with in 343 00:22:47,759 --> 00:22:51,799 the next few months or so. And a memorand of 344 00:22:51,960 --> 00:22:55,200 understanding is a good star. But you need to see 345 00:22:55,200 --> 00:22:59,440 those ships transiting the Strait of Hormos, and you know, 346 00:22:59,480 --> 00:23:02,480 we'll see if demand comes back, and we'll see if 347 00:23:02,480 --> 00:23:07,160 the strategic sales may end on schedule. In August September. 348 00:23:07,839 --> 00:23:10,119 Speaker 1: So he says a couple of months for the insurance 349 00:23:10,160 --> 00:23:12,640 companies to figure out whether they're going to ensure there's ships. 350 00:23:12,799 --> 00:23:14,880 This is going to take some time. And this is 351 00:23:14,920 --> 00:23:18,400 why I kept resisting whenever the President say it's going 352 00:23:18,440 --> 00:23:21,559 to drop like a rock, it's coming down, coming down 353 00:23:21,599 --> 00:23:25,079 on the on the news, that we're going to have 354 00:23:25,519 --> 00:23:29,920 an open straight of her moves. But it hasn't been 355 00:23:30,000 --> 00:23:33,079 opened all the way. And we were at sixty dollars 356 00:23:33,160 --> 00:23:36,279 fifty eight to sixty two dollars a barrel before the war, 357 00:23:36,720 --> 00:23:41,680 and now we're cheering about eighty. In any case, it's 358 00:23:43,680 --> 00:23:46,759 who is it? The guy from gas Buddy Patrick de Haan. 359 00:23:47,400 --> 00:23:51,440 He also does a size up on gas and gasoline 360 00:23:51,519 --> 00:23:54,079 and how expensive and how available it will be. 361 00:23:54,599 --> 00:23:57,319 Speaker 7: Yeah, probably not for majority of them. We're just at 362 00:23:57,359 --> 00:23:59,440 the tip of the icebergs here, and I think everyone's 363 00:23:59,480 --> 00:24:02,160 got to wait, look around and read the room, and 364 00:24:02,200 --> 00:24:05,160 who wants to tiptoe through the straight of horm moves first? 365 00:24:05,200 --> 00:24:08,400 So there's still some confidence to be gained here. While 366 00:24:08,519 --> 00:24:11,119 the two parties, the two countries are saying, okay, well, 367 00:24:11,240 --> 00:24:15,160 straight's reopen, I think that's a lot more complicated than that. 368 00:24:15,240 --> 00:24:19,400 Given especially Ron's history of launching random drone attacks, it's 369 00:24:19,440 --> 00:24:21,519 probably going to take a couple of weeks to rebuild 370 00:24:21,599 --> 00:24:24,400 confidence of ships going through the strait. And there's really 371 00:24:24,400 --> 00:24:26,279 no telllling. There may be a couple of vessels that 372 00:24:26,359 --> 00:24:29,279 get through today and tomorrow. The administration's talked about forty 373 00:24:29,319 --> 00:24:32,279 to fifty vessels that may grow through soon. But until 374 00:24:32,319 --> 00:24:35,920 we start to see the backlog easing in ships transitting through, 375 00:24:36,000 --> 00:24:38,160 we're right where we were a couple of weeks ago. 376 00:24:38,200 --> 00:24:40,720 And that's really the big difference here is will ships 377 00:24:40,759 --> 00:24:44,119 transit through the strait? Will the situation escalate? For now, 378 00:24:44,240 --> 00:24:47,000 oil price is plummeting on the potential of the reopening 379 00:24:47,000 --> 00:24:49,519 of the strait, but whether or not it's long lasting, 380 00:24:50,039 --> 00:24:51,519 that's something we have to wait to see in the 381 00:24:51,599 --> 00:24:54,799 days ahead. Will the straight reopen and to what degree 382 00:24:54,839 --> 00:24:55,799 will shipping resume? 383 00:24:56,519 --> 00:25:00,000 Speaker 1: See he has the same hesitation about getting the ship 384 00:25:00,200 --> 00:25:02,960 to pick up the oil in the volume that we 385 00:25:03,000 --> 00:25:06,119 saw before, so it's going to take a while. They're 386 00:25:06,160 --> 00:25:10,839 talking about weeks months both of them, and then the 387 00:25:10,960 --> 00:25:15,079 question becomes will the prices ever get back down to 388 00:25:15,160 --> 00:25:16,799 where we were pre war? 389 00:25:17,119 --> 00:25:19,559 Speaker 7: Ol Boris I mean make no mistake. I mean, though 390 00:25:19,640 --> 00:25:21,559 I would love for gas versus to go back to 391 00:25:21,599 --> 00:25:25,240 pre war levels tomorrow. I mean we just today got 392 00:25:25,319 --> 00:25:27,400 new data from the Department of Energy showing the US 393 00:25:27,440 --> 00:25:30,160 Strategic Patrol and Reserve has just fallen to its lowest 394 00:25:30,200 --> 00:25:33,599 level sinceil August of nineteen eighty three. So you know 395 00:25:33,640 --> 00:25:36,799 you're talking about a forty year low. It's going to 396 00:25:36,839 --> 00:25:38,799 take a long period of time. It's more a can 397 00:25:38,880 --> 00:25:41,599 of a garden pose filling up an Olympic sized swimming 398 00:25:41,599 --> 00:25:45,160 pool or maybe even several Olympic swimming pools before we 399 00:25:45,200 --> 00:25:48,759 see oil prices fully normalized. So on a daily basis, 400 00:25:48,839 --> 00:25:52,359 there's not much additional supply to meet demand. And now 401 00:25:52,400 --> 00:25:55,039 you're talking about potentially months and to your point, maybe 402 00:25:55,039 --> 00:25:59,359 even years of oil markets taking time to normalize. For 403 00:25:59,480 --> 00:26:02,079 inventory is globally to get back to pre war levels. 404 00:26:02,119 --> 00:26:06,680 The biggest question really is will China increase imports once this. 405 00:26:06,720 --> 00:26:07,240 Speaker 1: Is all done. 406 00:26:07,279 --> 00:26:10,119 Speaker 7: They've been the wild card. The reason why oil prices 407 00:26:10,200 --> 00:26:14,000 haven't gone higher is because China has greatly throttled back. 408 00:26:14,079 --> 00:26:16,079 Will they jump right back in the market when the 409 00:26:16,079 --> 00:26:18,680 straight reopens, Well, that's one question we're. 410 00:26:18,480 --> 00:26:19,680 Speaker 3: Looking for the answer to Yeah. 411 00:26:19,720 --> 00:26:23,640 Speaker 1: The China part of this is not well reported, but 412 00:26:23,680 --> 00:26:26,680 the fact is, when Patrick was talking about a demand 413 00:26:26,759 --> 00:26:30,319 destruction or the oil guy from Gulf was asked talking 414 00:26:30,359 --> 00:26:36,759 about oil demand destruction, China self imposed demand destruction. They 415 00:26:36,880 --> 00:26:41,319 cut back their oil usage tremendously. They also happen to 416 00:26:41,359 --> 00:26:43,440 have we don't know how much they drew it down, 417 00:26:43,880 --> 00:26:48,400 but they also happen to have about a billion gallons 418 00:26:48,960 --> 00:26:53,000 of their strategic petroleum reserve a billion, so they're not 419 00:26:53,160 --> 00:26:57,119 hurting for supply, and the question will be will they 420 00:26:58,160 --> 00:27:01,720 open up the imports again of oil into China coming 421 00:27:01,759 --> 00:27:05,160 out of Iran. The thing that also caught my ear 422 00:27:05,240 --> 00:27:08,240 in that bite from Patrick to Han is that our 423 00:27:08,279 --> 00:27:13,319 strategic petroleum reserve ours. Remember Joe Biden was using it 424 00:27:13,359 --> 00:27:15,119 for something, I remember what it was, but it was 425 00:27:15,240 --> 00:27:19,039 it wasn't It wasn't an emergency. He was using it 426 00:27:19,559 --> 00:27:22,000 because inflation was going up and he was trying to 427 00:27:22,039 --> 00:27:25,839 politically keep the gas prices from going too high. So 428 00:27:25,880 --> 00:27:30,519 we started draining the strategic petroleum reserve. Well, we're now 429 00:27:30,599 --> 00:27:37,200 down to the lowest level since nineteen eighty three. August 430 00:27:37,319 --> 00:27:42,359 of nineteen eighty three, that's almost forty three years ago, 431 00:27:43,400 --> 00:27:46,279 so we've got a lot of work to rebuild that. 432 00:27:46,359 --> 00:27:49,000 It's going to take. It will take years, a couple 433 00:27:49,079 --> 00:27:53,160 of years at least if everything goes well. So we 434 00:27:53,240 --> 00:27:58,119 sit and wait until we get details about the memorandum 435 00:27:58,160 --> 00:28:01,640 of understanding what's in it, because we're getting spun by 436 00:28:01,680 --> 00:28:05,839 both our government and their government. So let's we're not 437 00:28:05,880 --> 00:28:07,799 going to find out. The President said that he's not 438 00:28:07,839 --> 00:28:10,599 going to let anybody see it until after it signed. 439 00:28:13,440 --> 00:28:17,759 Why why is he hiding it? All? Right? A couple 440 00:28:17,799 --> 00:28:21,200 of other items to pick up today. Number One, over 441 00:28:21,240 --> 00:28:27,480 the weekend, there was a parachute jumping plane out of Missouri. 442 00:28:28,680 --> 00:28:31,920 It was it had the pilot and eleven jumpers on 443 00:28:31,960 --> 00:28:36,319 the plane. They took off and I don't know whether 444 00:28:36,359 --> 00:28:41,119 they lost power or what could have caused it, but 445 00:28:41,279 --> 00:28:46,640 they started making a left turn, stalled and crashed and 446 00:28:46,720 --> 00:28:50,559 killing all twelve on board. So that's going to need 447 00:28:50,599 --> 00:28:53,480 an investigation to find out why did the plane crash 448 00:28:53,839 --> 00:28:59,000 shortly after takeoff? And then this afternoon out of Edward's 449 00:28:59,039 --> 00:29:02,039 Air Force Base and said northern California down where they 450 00:29:02,359 --> 00:29:06,720 used to land the shuttles, a B fifty two crashed 451 00:29:06,799 --> 00:29:10,559 on takeoff crashed right at the bay, I mean right 452 00:29:10,720 --> 00:29:14,599 next to the runway. I actually covered a BEAT fifty 453 00:29:14,640 --> 00:29:18,799 two crash took off from may the Air Force Base, 454 00:29:19,359 --> 00:29:24,559 oh my gosh, about about forty years ago, and that 455 00:29:24,640 --> 00:29:26,720 particular crash had nine people on Well, we don't know 456 00:29:26,720 --> 00:29:29,440 how many were on board this BEAT fifty two, but 457 00:29:29,680 --> 00:29:32,000 it could carry a crew of somewhere around nine. But 458 00:29:32,119 --> 00:29:36,359 there's no sign of any of the survivors. The question 459 00:29:36,599 --> 00:29:43,480 is what caused them to crash. Admiral James Tadritez as 460 00:29:43,559 --> 00:29:46,400 this about the crash of the B fifty two. 461 00:29:46,839 --> 00:29:53,119 Speaker 8: Most obvious and most heartfelt. You have to realize how 462 00:29:53,240 --> 00:30:00,160 difficult this is for the obviously, these families, this community, 463 00:30:01,400 --> 00:30:07,880 and all who follow military operations. I've flown several times 464 00:30:07,880 --> 00:30:12,880 in B fifty twos. They are remarkable machines of war 465 00:30:14,039 --> 00:30:17,440 and this is a very difficult scene to look at. 466 00:30:17,480 --> 00:30:23,680 The fact that evidently there were no parachutes deployed is 467 00:30:23,880 --> 00:30:27,240 not a good sign. But let's not presuppose anything. But 468 00:30:27,400 --> 00:30:33,000 let us hold these families and these crew members in 469 00:30:33,039 --> 00:30:37,240 our hearts. Second thought, to tie these two things together. 470 00:30:38,319 --> 00:30:44,359 B fifty two's are a backbone of our strategic nuclear triad, 471 00:30:45,200 --> 00:30:49,799 the other two being the ballistic missile submarines and of 472 00:30:49,880 --> 00:30:55,680 course are intercontinental ballistic missiles. This is the third piece 473 00:30:55,720 --> 00:30:59,440 of that triad and we've built onto it. But be 474 00:30:59,559 --> 00:31:04,079 fifty two go back sixty seventy years, which comes, I'm 475 00:31:04,119 --> 00:31:08,839 sure as a surprise to many viewers, but they're extremely 476 00:31:08,960 --> 00:31:12,279 reliable today. We have B ones and B two's. All 477 00:31:12,319 --> 00:31:14,559 three of them have been used in these wars in 478 00:31:14,599 --> 00:31:18,759 the Middle East repeatedly through their service life. They are 479 00:31:18,799 --> 00:31:23,559 not invulnerable. They have a lot of capacity and capability, 480 00:31:24,319 --> 00:31:29,319 but occasionally we will lose one in an event like this. 481 00:31:31,240 --> 00:31:36,200 So point two is this is a significant strategic nuclear 482 00:31:36,240 --> 00:31:40,759 weapon and also used in long range conventional strikes, for 483 00:31:40,799 --> 00:31:44,480 example in the Middle East. And then a third and finally, 484 00:31:45,039 --> 00:31:48,680 whenever you see an event like this, you really need 485 00:31:48,720 --> 00:31:53,759 to hit hit pause on your assumptions because it could 486 00:31:53,799 --> 00:31:58,279 be some kind of mechanical failure, It could be some 487 00:31:58,400 --> 00:32:02,559 kind of pilot error, could be an environmental condition, although 488 00:32:02,640 --> 00:32:06,839 the conditions look quite clear there. But to everyone who 489 00:32:06,920 --> 00:32:11,960 is saying, gosh, I can't imagine what happened with this 490 00:32:12,160 --> 00:32:17,119 vital nuclear capable aircraft, I'd encourage you to hit pause 491 00:32:17,160 --> 00:32:21,359 as you mentioned, the US Air Force, will I guarantee 492 00:32:21,359 --> 00:32:26,039 you tear this apart, understand precisely what happened and come 493 00:32:26,079 --> 00:32:27,319 to us at the right time. 494 00:32:28,400 --> 00:32:31,279 Speaker 1: Yeah, it's definitely sad because there are people on board 495 00:32:31,359 --> 00:32:34,799 these planes. They are old, they're old, old, but like 496 00:32:34,880 --> 00:32:40,079 everybody says, including the Admiral, these are very reliable planes 497 00:32:40,160 --> 00:32:45,119 and they're used extensively in modern warfare. They were flying, 498 00:32:45,400 --> 00:32:48,400 they roll these things out back in the nineteen fifties, 499 00:32:48,759 --> 00:32:53,279 the early jet age. They're eight engines. It's an eight 500 00:32:53,480 --> 00:32:56,720 engine plane. Yeah, they're not big engines, but they're eight 501 00:32:56,759 --> 00:33:01,039 of them, and they are bombers, and they used them 502 00:33:01,079 --> 00:33:06,319 in Vietnam, They've used them in the Middle East. I mean, 503 00:33:06,359 --> 00:33:09,039 they go back to the nineteen fifties. The joke was 504 00:33:09,079 --> 00:33:12,279 for years, going back, years and years ago, that the 505 00:33:12,279 --> 00:33:15,079 pilots that were flying these weren't even born when the 506 00:33:15,119 --> 00:33:20,160 plane was made. Well, gosh, you generations now so sadly 507 00:33:20,599 --> 00:33:23,920 at Edwards this afternoon. We'll get more details as we 508 00:33:23,960 --> 00:33:27,880 go along. Over the weekend, we got a little bit 509 00:33:27,960 --> 00:33:32,279 of sports. We got the UFC their event at the 510 00:33:32,319 --> 00:33:36,400 White House. Apparently, according to the reporting coming from it, 511 00:33:36,400 --> 00:33:42,240 it was mostly young men, and that is who President 512 00:33:42,319 --> 00:33:46,839 Trump wants to make sure they stay voting for him 513 00:33:46,880 --> 00:33:48,480 in the future, so that he wants to make the 514 00:33:48,519 --> 00:33:55,160 young men happy. Apparently, there were very few red hats 515 00:33:55,799 --> 00:33:58,960 people were quizzed about. They did survey about you think 516 00:33:59,000 --> 00:34:01,559 it was appropriate for the UFC to have this event 517 00:34:01,960 --> 00:34:06,000 on the White House grounds. Sixteen percent thought it was appropriate. 518 00:34:06,920 --> 00:34:11,320 Thirty one percent of Republicans of Democrats, No, I don't 519 00:34:11,360 --> 00:34:15,719 know what's wrong with It was paid for by UFC, 520 00:34:16,039 --> 00:34:20,599 and the guy who runs UFC was asked today, are 521 00:34:20,599 --> 00:34:22,920 you going to do that again? And he says, no way. 522 00:34:23,320 --> 00:34:26,280 That was a one and done deal. And as far 523 00:34:26,320 --> 00:34:30,760 as television goes, it was only on Paramount Plus. Now 524 00:34:30,840 --> 00:34:35,599 I subscribe to too many of these streamers, but I 525 00:34:35,679 --> 00:34:39,840 do not subscribe to Paramount Plus because it basically it's 526 00:34:39,920 --> 00:34:44,800 mostly CBS shows what you can watch another way. So 527 00:34:45,639 --> 00:34:49,760 in any case, you know, good if the president wants 528 00:34:49,800 --> 00:34:54,760 to do that, it's his birthday. Didn't cost the taxpayers anything, hallelujah, 529 00:34:55,119 --> 00:34:58,559 More power to them. The NBA, if you haven't heard 530 00:34:58,599 --> 00:35:04,559 the Knicks one, it was yeah, four games out of five, 531 00:35:04,679 --> 00:35:08,679 so it was a five game series. The parade for 532 00:35:08,719 --> 00:35:11,440 the New York Knicks will be a ticker take parade 533 00:35:11,480 --> 00:35:16,679 down Broadway on Thursday. And as far as the weekend 534 00:35:17,639 --> 00:35:23,159 for betting companies, the DraftKings and all those folks, apparently 535 00:35:23,159 --> 00:35:26,719 it was a record setting weekend between the UFC and 536 00:35:26,800 --> 00:35:32,400 the NBA. There was plenty apparently for people who liked 537 00:35:32,400 --> 00:35:35,480 to like to gamble, there was a lot to gamble. 538 00:35:36,079 --> 00:35:41,119 So we had a busy weekend Wall Street. Let's see 539 00:35:41,119 --> 00:35:44,239 how they handled all of this. You know that any 540 00:35:44,320 --> 00:35:49,480 kind of visitation about the war that maybe the fighting 541 00:35:49,559 --> 00:35:51,800 will stop was going to be good news. And the 542 00:35:51,880 --> 00:35:55,400 Dow did it. It was higher than where it finished. 543 00:35:55,400 --> 00:35:58,400 It was up four hundred and sixty eight. The Dow 544 00:35:58,519 --> 00:36:03,840 at fifty one six seventy one, SMP up one hundred 545 00:36:03,840 --> 00:36:09,039 and twenty two. Nasdaq wow, three percent gain, up six 546 00:36:09,159 --> 00:36:11,960 hundred I'm sorry, up seven hundred and ninety five points. 547 00:36:12,000 --> 00:36:17,679 That's that's huge. So back to the tech ROMP. Gold 548 00:36:17,880 --> 00:36:20,599 up ninety two dollars to four thousand and three point 549 00:36:20,599 --> 00:36:25,039 thirty one, and oil not dropping like a rock, but 550 00:36:25,119 --> 00:36:28,400 it's dropping down another three bucks. Today it's at eighty 551 00:36:28,719 --> 00:36:32,880 one dollars for one barrel of West Texas intermediate crew. 552 00:36:33,599 --> 00:36:36,519 That's it for today. Thank you for coming by. We 553 00:36:36,559 --> 00:36:39,400 will be back again tomorrow. I hope to see you 554 00:36:39,440 --> 00:36:40,199 then