1 00:00:19,679 --> 00:00:23,679 Speaker 1: And hello, Hello, Hello, how are you welcome to the 2 00:00:23,679 --> 00:00:30,120 Big Podcast. It's Thursday. Today is the seventh day of May. 3 00:00:30,800 --> 00:00:34,320 Year of our Ward, twenty twenty six. My name is 4 00:00:34,320 --> 00:00:39,000 Tom Sullivan. And well we've got we've got the updates 5 00:00:41,280 --> 00:00:45,399 on the war off again, on again, maybe maybe not. 6 00:00:46,159 --> 00:00:49,520 We'll get that sorted out. Plus oil and gas prices. 7 00:00:49,960 --> 00:00:54,799 Oil going down, gas prices going up, not a surprise. 8 00:00:56,320 --> 00:01:01,320 Epstein's suicide notes supposedly. All of that we'll get into today. 9 00:01:01,399 --> 00:01:05,640 But I want to start with something that was widely 10 00:01:05,680 --> 00:01:09,840 publicized yesterday, and that is the death of Ted Turner 11 00:01:11,159 --> 00:01:13,840 at eighty seven years of age. He died at his 12 00:01:13,879 --> 00:01:21,000 home in Montana. An amazing individual, amazing man. I know 13 00:01:21,079 --> 00:01:24,319 a lot of people that worked for him. I know 14 00:01:24,840 --> 00:01:30,040 in fact, the very first broadcast on CNN was June 15 00:01:30,040 --> 00:01:34,760 first of nineteen eighty and two people that I used 16 00:01:34,799 --> 00:01:39,560 to work with at the NBC television affiliate in Sacramento, 17 00:01:39,920 --> 00:01:45,040 Dave Walker and Lois Hart, were the Well I worked 18 00:01:45,040 --> 00:01:46,680 with them, and yes I worked with them at the 19 00:01:46,760 --> 00:01:50,799 NBC affiliate in Sacramento, but they were also prior to that, 20 00:01:50,840 --> 00:01:55,280 they were the first utterance of anything live on the 21 00:01:55,319 --> 00:01:58,640 air from CNN. So I saw them yesterday and they 22 00:01:58,719 --> 00:02:03,000 looked great. Everybody's interviewing them because it's been a long time. 23 00:02:03,560 --> 00:02:05,920 But the other thing about it is, I mean, not 24 00:02:05,959 --> 00:02:10,080 so much about about his death, about the obits, about 25 00:02:10,120 --> 00:02:12,599 all the accolades, and I mean, he really did accomplish 26 00:02:12,639 --> 00:02:16,719 an off love big liberal guy, huge liberal guy. But 27 00:02:17,759 --> 00:02:22,439 I we we've had conversations on this program many many 28 00:02:22,479 --> 00:02:26,840 times over the years about where did we Where did 29 00:02:26,879 --> 00:02:30,159 we go off the rails? Where did we get to 30 00:02:30,280 --> 00:02:33,680 as a country where the left and the right were 31 00:02:33,759 --> 00:02:38,639 separate and further apart and further apart and arguing and 32 00:02:38,840 --> 00:02:42,000 nasty to each other, And where did that start? And 33 00:02:42,080 --> 00:02:46,159 some people go, oh, it was uh, it was Bill Clinton. 34 00:02:46,360 --> 00:02:47,639 That that's what what it was. 35 00:02:47,680 --> 00:02:50,280 Speaker 2: And others go, no, it was Obama and other that 36 00:02:50,280 --> 00:02:52,599 you go through and all that, And I was watching 37 00:02:52,639 --> 00:02:57,919 the o bits on Ted Turner, and it dawned on me. 38 00:02:59,400 --> 00:03:02,680 Speaker 1: He started something new. I know, we all knew that 39 00:03:02,960 --> 00:03:07,639 he started something really new and amazing. It was as 40 00:03:07,759 --> 00:03:12,000 new as the invention of the internet. Twenty four to 41 00:03:12,039 --> 00:03:17,800 seven news on what cable television? You mean, I've got 42 00:03:17,800 --> 00:03:22,360 to subscribe and pay money to a cable company. But 43 00:03:22,439 --> 00:03:26,639 what he did, and again Ted Turner was a proud, 44 00:03:27,080 --> 00:03:31,800 proud liberal man, and what he started was a network, 45 00:03:31,840 --> 00:03:34,960 And not that he was doing anything that was in 46 00:03:35,000 --> 00:03:39,240 there saying you got to do liberal news, not at all, 47 00:03:39,360 --> 00:03:42,560 but that was his background and that's where the people 48 00:03:42,639 --> 00:03:48,080 he hired he liked that were basically like him. And 49 00:03:48,120 --> 00:03:50,879 that was the first time because prior to that, prior 50 00:03:50,919 --> 00:03:58,400 to nineteen eighty, your choices were David Brinkley and chet Huntley, 51 00:03:58,400 --> 00:04:02,080 and Brinkley, chet Huntley and David Wrinkley, and you had, 52 00:04:02,120 --> 00:04:06,159 of course Walter Cronkite, and you had a variety of 53 00:04:06,199 --> 00:04:08,960 different ones on NBC over the years, but it was 54 00:04:09,639 --> 00:04:13,360 it was primarily all of us got the same news 55 00:04:14,439 --> 00:04:18,759 at the same time. There You either watched ABC, NBC, 56 00:04:18,959 --> 00:04:22,680 or CBS, but they were all basically the same. And 57 00:04:22,759 --> 00:04:25,720 I don't remember, I guess you could go back, and 58 00:04:25,800 --> 00:04:28,560 I'm sure people have studied it. I don't remember there 59 00:04:28,600 --> 00:04:33,800 was any particular bias. I don't remember Walter Cronkite's biased. 60 00:04:33,879 --> 00:04:38,040 I don't remember David Brinkley's bias. I mean, those were 61 00:04:38,839 --> 00:04:41,560 those were the days when the news and the information 62 00:04:41,680 --> 00:04:44,759 that we shared we shared together and we got the 63 00:04:44,759 --> 00:04:46,959 same messages and we did not have this back and 64 00:04:47,000 --> 00:04:51,199 forth between each other. So Ted Turner comes along and says, 65 00:04:51,240 --> 00:04:54,319 you know what, I'm going to start a twenty four 66 00:04:54,319 --> 00:05:00,439 to seven cable television network. And so he did in 67 00:05:00,560 --> 00:05:05,160 nineteen eighty and it was up until nineteen ninety six 68 00:05:06,519 --> 00:05:14,639 that both NBC and Fox started cable news. So for 69 00:05:14,680 --> 00:05:18,680 sixteen years, Ted Turner had the world to his own 70 00:05:19,360 --> 00:05:23,600 and he built a huge company, which sadly today their 71 00:05:23,680 --> 00:05:29,639 ratings are way behind both ms now as they call it, 72 00:05:29,759 --> 00:05:34,560 and way behind Fox. In fact, both ms now and 73 00:05:34,720 --> 00:05:38,279 CNN combined do not add up to the audience that 74 00:05:38,360 --> 00:05:42,360 Fox says, But that's another topic. My point is, you 75 00:05:42,439 --> 00:05:46,040 want to know where we got off the rails, and 76 00:05:46,079 --> 00:05:48,680 the left went further left and the right went further right, 77 00:05:48,800 --> 00:05:52,120 or the fact that we became left and right. I 78 00:05:52,240 --> 00:05:58,600 think the germ of that was Ted Turner's beginning of 79 00:05:59,040 --> 00:06:06,040 CNN in nineteen eighty and after that, I mean Fox. 80 00:06:06,279 --> 00:06:09,920 The reason Fox was created was because of the fact 81 00:06:10,079 --> 00:06:14,600 that the media had gone so far left that they thought, hey, 82 00:06:14,680 --> 00:06:18,720 there's an opportunity to have voices on the right. There 83 00:06:18,720 --> 00:06:21,560 are people in this country that want to hear those voices, 84 00:06:22,199 --> 00:06:25,480 and boy did they get success out of that. So anyway, 85 00:06:25,800 --> 00:06:31,360 God bless Ted Turner. But I I never thought of 86 00:06:31,399 --> 00:06:34,000 this before until the old bit last night that I saw, 87 00:06:34,560 --> 00:06:39,879 and it was simply that's where our left and right 88 00:06:40,120 --> 00:06:45,079 bias in the media began. Here's just a couple of 89 00:06:45,120 --> 00:06:47,759 minutes of a little bit of the oh bit that 90 00:06:47,839 --> 00:06:48,839 they ran last night. 91 00:06:49,519 --> 00:06:52,920 Speaker 3: He broke every mold. He changed the world. 92 00:06:52,480 --> 00:06:55,800 Speaker 4: Known as the Mouth of the South and Captain Outrageius. 93 00:06:55,959 --> 00:06:59,720 Ted Turner built a media empire that changed cable news forever. 94 00:07:00,399 --> 00:07:02,639 Speaker 5: I didn't have any upper limits to how far we 95 00:07:02,680 --> 00:07:03,120 could go. 96 00:07:03,720 --> 00:07:07,000 Speaker 4: Champion, philanthropist, environmentalist. 97 00:07:07,920 --> 00:07:11,680 Speaker 5: I don't know how to quit. It's not in my genes. 98 00:07:12,680 --> 00:07:16,560 Speaker 4: But growing up wasn't easy for Ted. Born in Cincinnati, Ohio, 99 00:07:16,600 --> 00:07:19,439 in nineteen thirty eight, his parents sent him to boarding 100 00:07:19,480 --> 00:07:21,600 school when he was just four years old. 101 00:07:22,199 --> 00:07:23,600 Speaker 5: I didn't like boarding school. 102 00:07:23,959 --> 00:07:24,879 Speaker 6: I wanted to be home. 103 00:07:26,480 --> 00:07:30,680 Speaker 4: Ted's little sister, whom he adored, died of lupis at seventeen. 104 00:07:31,279 --> 00:07:34,639 About two years later, Ted dropped out of Brown University. 105 00:07:35,120 --> 00:07:38,720 He'd been studying classics until his father cut off the money. 106 00:07:39,160 --> 00:07:41,639 Speaker 5: He thought I was wasting my time. 107 00:07:42,079 --> 00:07:44,560 Speaker 4: So he went to work for his dad's billboard company, 108 00:07:45,160 --> 00:07:48,439 but tragedy struck again when his father killed himself. 109 00:07:49,000 --> 00:07:53,079 Speaker 5: He went against everything that he taught me, you know, 110 00:07:53,160 --> 00:07:56,480 to be courageous and hang in there. 111 00:07:57,480 --> 00:08:00,480 Speaker 4: Ted took over the family business and hope with the 112 00:08:00,560 --> 00:08:02,199 loss by working even harder. 113 00:08:02,560 --> 00:08:05,639 Speaker 5: He said, set your goal so high that you can't 114 00:08:05,639 --> 00:08:07,079 achieve him in your lifetime. 115 00:08:07,839 --> 00:08:10,560 Speaker 4: When Ted was it working, he turned to the sport 116 00:08:10,639 --> 00:08:14,480 he loved, sailing. We gotta go fast to Tan and 117 00:08:14,560 --> 00:08:17,360 won the sport's top race, the America's Cup. 118 00:08:17,560 --> 00:08:20,199 Speaker 5: I had worked very hard. It took me a number 119 00:08:20,199 --> 00:08:21,600 of years to become a champion. 120 00:08:22,519 --> 00:08:26,120 Speaker 4: He put that same drive into expanding the business. In 121 00:08:26,240 --> 00:08:29,480 nineteen seventy, Ted bought a struggling TV station. 122 00:08:30,079 --> 00:08:33,559 Speaker 3: It was a broken down UHF television station in Atlanta. 123 00:08:33,679 --> 00:08:37,960 He was going to transform UHF television into this new 124 00:08:38,000 --> 00:08:39,639 world of satellite television. 125 00:08:40,080 --> 00:08:43,960 Speaker 4: Ted renamed the station WTBS, and it became the country's 126 00:08:43,960 --> 00:08:45,159 first superstation. 127 00:08:45,679 --> 00:08:49,639 Speaker 3: What Ted made happen was just as important as the 128 00:08:49,679 --> 00:08:52,720 Internet revolution of the nineties and two thousands. 129 00:08:53,039 --> 00:08:56,639 Speaker 4: But starting out, Ted needed content. He bought the Atlanta 130 00:08:56,679 --> 00:08:59,039 Braves and broadcast their games nationwide. 131 00:09:00,320 --> 00:09:01,000 Speaker 1: Let a Brave. 132 00:09:01,480 --> 00:09:04,080 Speaker 4: The Braves became America's teeth. 133 00:09:03,840 --> 00:09:06,639 Speaker 3: When we bought him in nineteen seventy six, they were terrible. 134 00:09:07,240 --> 00:09:10,120 Speaker 4: By nineteen ninety five, ten and his team were World 135 00:09:10,200 --> 00:09:14,279 Series champs. As he built the superstation, he set his 136 00:09:14,399 --> 00:09:17,639 sites even higher. On a twenty four hour news channel. 137 00:09:18,080 --> 00:09:20,759 Speaker 5: I worked till seven o'clock. When I got home, the 138 00:09:20,799 --> 00:09:25,679 news was over, so I missed television news completely, and 139 00:09:25,759 --> 00:09:28,519 I figured there were lots of people like me. 140 00:09:28,840 --> 00:09:31,360 Speaker 1: Yeah, So it was a simple thought, I can't see 141 00:09:31,399 --> 00:09:35,440 the news. I come home at seven o'clock. National news 142 00:09:35,519 --> 00:09:39,360 was basically put out by the networks between six thirty 143 00:09:39,399 --> 00:09:45,679 and seven. But that was Wolf Flincher that was voicing 144 00:09:45,919 --> 00:09:48,639 that oh bid. And it started off by saying that 145 00:09:48,759 --> 00:09:55,399 Turner changed cable news. No, he invented it. There wasn't 146 00:09:55,480 --> 00:09:59,480 any cable news. And the other thing that never would 147 00:09:59,480 --> 00:10:01,360 have happened, and that never would have happened if it 148 00:10:01,399 --> 00:10:04,759 hadn't been for the fact that we had something new 149 00:10:04,840 --> 00:10:08,559 in the sky called satellites, so he was able to 150 00:10:08,639 --> 00:10:12,399 beam his and I remember, you've got to be back 151 00:10:12,440 --> 00:10:16,200 a few years to remember the superstation, and it was 152 00:10:16,399 --> 00:10:20,879 stupid because it was Atlanta, and I didn't know anybody 153 00:10:20,960 --> 00:10:24,600 in Atlanta, didn't care about Atlanta. But they broadcast that, 154 00:10:24,720 --> 00:10:28,919 and they broadcast the Atlanta Brave Games. And once he 155 00:10:28,960 --> 00:10:31,279 looked around he had all that in place, and there 156 00:10:31,279 --> 00:10:34,200 were satellites up above. He said, let's start a twenty 157 00:10:34,240 --> 00:10:39,240 four to seven news cable cable channel. So anyway, that's 158 00:10:39,519 --> 00:10:45,879 where I think the bias of what we believe, the 159 00:10:45,919 --> 00:10:49,120 messages and the information we get that used to come 160 00:10:49,120 --> 00:10:53,480 from basically the similar sources, all of a sudden became 161 00:10:53,600 --> 00:10:57,120 from the left and until nineteen ninety six when Fox started, 162 00:10:57,840 --> 00:11:01,200 and then from the right. May he rest in peace, 163 00:11:01,240 --> 00:11:08,000 it was he made eight billion dollars by selling all 164 00:11:08,039 --> 00:11:13,799 of that to Time Warner in nineteen ninety six, and 165 00:11:14,840 --> 00:11:17,639 Time Warner made a huge mistake because that was also, 166 00:11:17,679 --> 00:11:21,759 like I said, the year that Fox and also NBC 167 00:11:21,799 --> 00:11:27,360 along with Microsoft started at MSNBC. He's been suffering with 168 00:11:28,120 --> 00:11:32,279 Louis body dementia for the last ten years, so but 169 00:11:32,440 --> 00:11:34,399 he was I think he was. I don't know why 170 00:11:34,440 --> 00:11:37,840 he sold, because he said he was absolutely devastated after 171 00:11:37,919 --> 00:11:42,480 he sold CNN and now CNN, like I said, their audience. 172 00:11:42,120 --> 00:11:42,600 Speaker 6: Is just. 173 00:11:44,120 --> 00:11:47,759 Speaker 1: A shell of what the others are but in any case, 174 00:11:47,799 --> 00:11:50,279 may he rest in peace. All right, let's get on 175 00:11:50,519 --> 00:11:56,759 to the latest on the war. Last night I went 176 00:11:56,840 --> 00:12:01,200 to bed. We were all set Jack freedom had been 177 00:12:01,240 --> 00:12:05,120 called off. All of a sudden, we p We've got 178 00:12:05,320 --> 00:12:09,679 we've got a deal with the Iranians and a one 179 00:12:09,759 --> 00:12:13,200 pager and that that would open up a thirty day 180 00:12:13,320 --> 00:12:17,240 negotiation period and then peace, love and harmony. And I 181 00:12:18,279 --> 00:12:23,240 yesterday I was railing because I still believe it. I 182 00:12:23,279 --> 00:12:29,200 believe strongly that Donald Trump wants out. He doesn't want 183 00:12:29,279 --> 00:12:32,720 to do this. He's has professed that he's anti war, 184 00:12:33,559 --> 00:12:36,000 and I think that is the real hymn that's coming out. 185 00:12:36,000 --> 00:12:38,639 He doesn't want anything to do with this because if 186 00:12:38,639 --> 00:12:42,320 he uses the military to finish off their job, that 187 00:12:42,480 --> 00:12:46,879 means more people are going to be killed. But after 188 00:12:47,240 --> 00:12:51,120 billions of dollars spent and thirteen of our armed forces 189 00:12:51,159 --> 00:12:55,519 personnel dead, all of a sudden he wants out. So 190 00:12:55,639 --> 00:12:59,759 I'm not happy. I think he's making a huge mistake. 191 00:13:00,960 --> 00:13:03,960 But let's see what. So this morning I wake up 192 00:13:04,000 --> 00:13:09,240 and sure enough, the whole thing has changed again. Yeah. Yeah, 193 00:13:09,279 --> 00:13:15,039 That Wall Street Journal today says decision to restore access 194 00:13:15,080 --> 00:13:20,480 to bases and airspace for the US to resume their 195 00:13:20,799 --> 00:13:27,240 military operations has been granted by Saudi Arabia and Kuwait. 196 00:13:27,320 --> 00:13:32,480 They lifted restrictions on the US military's use of their bases. 197 00:13:33,720 --> 00:13:39,759 So Saudi Arabia and Kuwait both their borders. They bordered 198 00:13:39,799 --> 00:13:42,759 the Persian Gulf on the western shore of the Persian Gulf. 199 00:13:42,799 --> 00:13:46,039 The other side of the Persian Gulf is the shoreline 200 00:13:46,080 --> 00:13:50,240 of Iran. So I don't know what's going to happen next, 201 00:13:50,840 --> 00:13:55,159 but it looks like the military could be used in 202 00:13:55,240 --> 00:13:59,200 a moment's notice, because Saudi Arabia and Kuwait are now 203 00:13:59,279 --> 00:14:02,879 saying you're welcome to use our bases and our airspace. 204 00:14:04,200 --> 00:14:10,519 So let's check in Brett McGirk, middle East expert. He's 205 00:14:10,600 --> 00:14:13,039 worked for four presidents. Let's find out what he thinks 206 00:14:13,080 --> 00:14:13,799 about all of this. 207 00:14:14,159 --> 00:14:16,879 Speaker 7: I feel like it's punk Satani, it's groundhog Day. But 208 00:14:17,080 --> 00:14:19,320 I think we're farther away now from a deal than 209 00:14:19,360 --> 00:14:21,679 we were days ago. And I'll tell you why. I 210 00:14:21,679 --> 00:14:24,679 think the US administration came out very strongly with Project 211 00:14:24,720 --> 00:14:27,480 Freedom that we're going to act militarily to help ships 212 00:14:27,480 --> 00:14:30,960 get through the Strait, and that was a clear position. 213 00:14:31,039 --> 00:14:35,000 It was reiterated to reinforce from Pentagon just yesterday morning, 214 00:14:35,639 --> 00:14:40,600 and Iran responded militarily. They fired missiles at Uee, they 215 00:14:40,679 --> 00:14:43,639 swarmed our ships, we shot some small boats out of 216 00:14:43,639 --> 00:14:46,639 the water, and then we announced that we're stopping that mission. 217 00:14:47,080 --> 00:14:49,440 And in my experience with the Iranians a very similar 218 00:14:49,480 --> 00:14:51,600 experience like this. I was going to see the Iranians 219 00:14:51,840 --> 00:14:54,360 on January tenth, twenty twenty four, because our forces are 220 00:14:54,360 --> 00:14:57,039 coming under attack all across the region. The morning of 221 00:14:57,120 --> 00:14:59,639 that meeting, the US Navy ships were attacked in the 222 00:14:59,679 --> 00:15:02,759 Red See, the largest most complex attacks in World War Two. 223 00:15:03,320 --> 00:15:06,080 And the Irani's continue to escalate, and we had three 224 00:15:06,120 --> 00:15:08,720 Americans killed about two weeks later from Irani and Drone 225 00:15:08,720 --> 00:15:11,240 and Jordan. Tragically. We then had to turn around very 226 00:15:11,320 --> 00:15:13,879 strong air strikes after that. This is what Iran does. 227 00:15:14,240 --> 00:15:16,639 And if Iran thinks they have the upper hand, I 228 00:15:16,679 --> 00:15:18,720 think they think they do. They are not going to 229 00:15:18,759 --> 00:15:22,120 make the concessions that the administration is demanding. So I think, again, 230 00:15:22,159 --> 00:15:24,600 we're in a very difficult predicament. I think we're stuck. 231 00:15:25,200 --> 00:15:27,720 I don't see a breakthrough coming. The one thing that's 232 00:15:27,720 --> 00:15:30,320 a little different is the President's trip to China. You 233 00:15:30,399 --> 00:15:33,320 know that moves the entire system, our system and the 234 00:15:33,360 --> 00:15:36,360 system in Beijing. And the Iranian four minister was in 235 00:15:36,480 --> 00:15:39,679 China just yesterday, and I'm sure the Chinese would like 236 00:15:39,759 --> 00:15:42,720 to know be the peacemakers and try to broker an arrangement. 237 00:15:43,039 --> 00:15:45,200 That might be something that happens here in the next 238 00:15:45,279 --> 00:15:47,799 couple weeks, But as of right now, I do not 239 00:15:48,039 --> 00:15:51,200 see a deal happening. I think we're actually farther away 240 00:15:51,600 --> 00:15:52,919 than we were a couple of days ago. 241 00:15:53,600 --> 00:15:56,519 Speaker 1: He knows these people, He's dealt with him many many 242 00:15:56,559 --> 00:16:00,320 times over decades, and so if he doesn't think he 243 00:16:00,360 --> 00:16:02,639 thinks we're further away from a deal now because he 244 00:16:02,679 --> 00:16:05,559 doesn't trust the people that are in the regime. And 245 00:16:06,600 --> 00:16:08,600 the people in the regime are still there. They have 246 00:16:08,759 --> 00:16:12,080 not been changed. They've just shuffled some of the people 247 00:16:12,080 --> 00:16:12,360 in the. 248 00:16:12,360 --> 00:16:17,279 Speaker 7: Chairs probably voices. In Tehran, the president, Pajeskian, guys who 249 00:16:17,320 --> 00:16:19,120 have to be responsible, were trying to run this country 250 00:16:19,159 --> 00:16:22,120 saying hey, let's do a deal. But I'm at Vahiti 251 00:16:22,159 --> 00:16:23,919 and the people we've talked about on this program, and 252 00:16:24,039 --> 00:16:26,799 the Revolutionary Guards, they have a very different view. I 253 00:16:27,240 --> 00:16:29,000 doubt they are going to give up what they think 254 00:16:29,080 --> 00:16:32,120 is their control of the of the straight up her mouse. 255 00:16:32,279 --> 00:16:35,440 I hope I'm wrong, but I suspect what's happening or 256 00:16:35,480 --> 00:16:38,200 Pakistan wants to play peacemaker, they're probably putting some spin 257 00:16:38,279 --> 00:16:40,279 on the ball that maybe we're getting closer. I think 258 00:16:40,320 --> 00:16:43,440 the Chinese are engaged. But again, the decision makers in Iran, 259 00:16:43,480 --> 00:16:46,320 whoever they are, we believe it's Vahiti and these guys 260 00:16:46,360 --> 00:16:50,159 who are the real hardliners for them to give up 261 00:16:50,200 --> 00:16:52,039 what they think is their main card right now, the 262 00:16:52,039 --> 00:16:54,919 straight up her moose. I find it very doubtful unless 263 00:16:54,919 --> 00:16:57,559 the president size are just totally cave and say I'm 264 00:16:57,600 --> 00:17:00,279 out of this entirely. You guys have the straight hole. 265 00:17:00,320 --> 00:17:02,320 Can happen? I do not see the US doing that. 266 00:17:02,320 --> 00:17:04,200 I think that'd be a very bad outcome. I think 267 00:17:04,279 --> 00:17:06,640 we said at the beginning of this whole thing that, 268 00:17:07,119 --> 00:17:09,559 going back to claud Switz, if a leader does not 269 00:17:09,720 --> 00:17:11,880 know is clear in his mind what he wants to achieve, 270 00:17:12,160 --> 00:17:15,119 the objectives will be defined for you. That's basically what's 271 00:17:15,160 --> 00:17:17,720 happened now and at the presidents of two minds. He 272 00:17:17,799 --> 00:17:21,200 wants out of this, and he also doesn't just want 273 00:17:21,240 --> 00:17:24,880 to totally walk away. And so even the statement this morning, 274 00:17:24,960 --> 00:17:26,720 do a deal or else we're going to bomb you. Again, 275 00:17:27,480 --> 00:17:31,319 I think we're divided. It's very unclear. But again, who's 276 00:17:31,319 --> 00:17:32,799 going to make the decision around to do a deal 277 00:17:32,839 --> 00:17:35,519 with the United States of America the Great Satan. That's 278 00:17:35,559 --> 00:17:38,400 going to be a difficult decision, I doubt. I hope 279 00:17:38,400 --> 00:17:41,119 this response comes tomorrow and they say here's all the 280 00:17:41,200 --> 00:17:43,119 highly rich ranium we're going to give up in Richmond. 281 00:17:43,440 --> 00:17:45,079 That would be a very good day. I love to 282 00:17:45,160 --> 00:17:46,519 come on on the program and say this is a 283 00:17:46,519 --> 00:17:49,079 great outcome. I just don't see that happening the next 284 00:17:49,799 --> 00:17:50,880 in the near term. 285 00:17:51,480 --> 00:17:54,440 Speaker 1: Yeah, he doesn't believe that they will cave. I don't either. 286 00:17:54,799 --> 00:17:57,240 But he brought up the fact that unless Trump wants 287 00:17:57,279 --> 00:18:01,200 to totally cave's he kind of stuck. He's got to 288 00:18:01,240 --> 00:18:04,960 do something, and he's not willing to use the military. 289 00:18:05,519 --> 00:18:09,680 Here's the latest from the president in the Oval office. 290 00:18:09,920 --> 00:18:14,480 Speaker 8: I think we won now, it's only a question of Look, 291 00:18:15,039 --> 00:18:17,119 if we left right now around it would take him 292 00:18:17,200 --> 00:18:20,359 twenty years to rebuild. You would call that we're in 293 00:18:20,400 --> 00:18:25,319 good shape. Right, fantastic, We're in good shape, and now 294 00:18:25,319 --> 00:18:27,880 we're doing well. Now we have to get what we 295 00:18:27,960 --> 00:18:30,279 have to get. If we don't do that, we'll have 296 00:18:30,359 --> 00:18:33,359 to go a big step further. But with that being said, 297 00:18:34,200 --> 00:18:36,880 they want to make a deal. We've had very good 298 00:18:36,880 --> 00:18:39,960 talks over the last twenty four hours. That is very 299 00:18:40,000 --> 00:18:41,200 possible that we'll make a deal. 300 00:18:42,119 --> 00:18:45,039 Speaker 1: He's projecting. I totally believe he's projecting. He says they 301 00:18:45,039 --> 00:18:47,240 want to make a deal, they want to make a deal, 302 00:18:47,279 --> 00:18:49,200 and I'm thinking, no, he wants to make a deal. 303 00:18:50,599 --> 00:18:53,119 The deal that he would will get would be much 304 00:18:53,160 --> 00:18:56,319 better if he goes ahead and pulls the trigger using 305 00:18:56,400 --> 00:19:00,880 military power, and he proclaimed I think we won no. 306 00:19:01,680 --> 00:19:07,319 That again, that's aspirational. I appreciate that, but well. Brian Hook, 307 00:19:07,440 --> 00:19:10,240 who is a Middle East expert, also weighs in. 308 00:19:10,559 --> 00:19:13,000 Speaker 9: The Iranian regime, you never quite know what you're going 309 00:19:13,079 --> 00:19:14,880 to get. I mean, you could be sitting across from 310 00:19:14,920 --> 00:19:17,799 the foreign minister of a normal country and that person 311 00:19:17,839 --> 00:19:21,160 could speak with authority on behalf of the government. But 312 00:19:21,200 --> 00:19:24,599 in this case Abasarachi, the foreign minister who you showed 313 00:19:24,640 --> 00:19:27,599 earlier meeting with President she it's very hard to know 314 00:19:27,640 --> 00:19:30,599 how much power he has or influence with the Supreme leader. 315 00:19:31,359 --> 00:19:34,519 On top of that, the Iranian regime is talking amongst 316 00:19:34,599 --> 00:19:38,759 themselves with pen and paper. It's taking a long time 317 00:19:38,799 --> 00:19:40,839 to get a response back because they're not on their 318 00:19:40,880 --> 00:19:44,079 cell phones, they're not in the same room. So diplomacy 319 00:19:44,160 --> 00:19:46,920 is taking a long time. To the point that you 320 00:19:46,960 --> 00:19:49,240 made about like the Wall Street Journal, I think President 321 00:19:49,240 --> 00:19:53,640 Trump has amassed the economic and military leverage that he 322 00:19:53,799 --> 00:19:57,960 needs to get a deal to end Iran's nuclear program, 323 00:19:58,240 --> 00:20:02,319 and Iran now faces this choice between diplomacy or escalation. 324 00:20:03,119 --> 00:20:05,839 I think what you could have is a period of 325 00:20:05,839 --> 00:20:10,400 time for diplomacy. Maybe it's thirty days where Iran opens 326 00:20:10,480 --> 00:20:14,880 the strait and there is some opportunity for both sides 327 00:20:14,960 --> 00:20:18,119 to get the straight open. And then during this thirty 328 00:20:18,200 --> 00:20:22,359 day period you essentially the president still maintains all of 329 00:20:22,400 --> 00:20:26,039 his military and economic leverage, but that you then negotiate 330 00:20:26,079 --> 00:20:29,839 a deal that would end Iran's nuclear program and its 331 00:20:29,920 --> 00:20:33,960 missile program. You were never going to get there without 332 00:20:34,079 --> 00:20:37,440 this kind of leverage that President Trump has created. If 333 00:20:37,480 --> 00:20:40,440 talking nicely with this regime worked, they would have solved 334 00:20:40,440 --> 00:20:45,400 it under President Clinton. But this challenge has eluded every 335 00:20:45,440 --> 00:20:49,319 single president since Bill Clinton. Iran's nuclear program, so I 336 00:20:49,319 --> 00:20:52,720 think the president isn't a great position with this naval blockade. 337 00:20:52,960 --> 00:20:57,519 Iran is facing an economic cliff right now. They just 338 00:20:57,599 --> 00:21:00,720 had massive protests with five million people in January that 339 00:21:00,759 --> 00:21:04,680 they're very worried about reigniting, and so I think if 340 00:21:04,720 --> 00:21:07,559 you get some period where the strait is opened and 341 00:21:07,599 --> 00:21:11,279 you start negotiations to end the nuclear program, that could 342 00:21:11,319 --> 00:21:12,680 be a very good path forward. 343 00:21:12,960 --> 00:21:17,480 Speaker 1: The confusion is one expert says that these regime guys 344 00:21:17,640 --> 00:21:23,480 are not ever going to give up their nuclear program nothing, never, ever, 345 00:21:23,880 --> 00:21:26,680 and that you can't negotiate with them. And then this 346 00:21:26,799 --> 00:21:29,640 expert says, well, if you can negotiate with them, the 347 00:21:29,720 --> 00:21:34,799 problem is, can you Some experts say it's impossible, but 348 00:21:34,920 --> 00:21:39,519 maybe the element of the visit with China will change things. 349 00:21:39,680 --> 00:21:43,000 So let's get a military guy in here. Colonel Cedric Layton. 350 00:21:43,079 --> 00:21:47,799 He studies and consults the Middle East military issues. This 351 00:21:47,839 --> 00:21:48,400 is his view. 352 00:21:49,000 --> 00:21:51,319 Speaker 6: There are certain things that the United States has done. 353 00:21:51,359 --> 00:21:54,640 They have in fact estimated to the Iranian Air Force 354 00:21:54,720 --> 00:21:58,880 and the Iranian Navy. But I remember that Iran doesn't 355 00:21:58,880 --> 00:22:02,640 really work in those standard areas when it comes to 356 00:22:02,680 --> 00:22:06,839 measuring its power and its ability to actually affect change 357 00:22:06,920 --> 00:22:09,680 So what the Uranians are doing is they're gaining a 358 00:22:09,759 --> 00:22:13,880 strategic foothold in not only the Straight of hor Moves, 359 00:22:13,920 --> 00:22:17,359 but potentially regionally throughout the Middle East. And what that 360 00:22:17,599 --> 00:22:21,039 really means is that the actual objective of opening the 361 00:22:21,079 --> 00:22:23,880 Straight of Hoe Moves is now in question. So that 362 00:22:24,039 --> 00:22:26,839 was one of the US objectives was to make sure 363 00:22:26,839 --> 00:22:29,000 that the Straight of Woe Moves remained open, or in 364 00:22:29,039 --> 00:22:33,160 this case, is reopened. That is questionable because of this 365 00:22:33,279 --> 00:22:36,680 new toll regime that you mentioned. Then we have the 366 00:22:36,720 --> 00:22:41,720 issue of the nuclear the enriched uranium that the Ranians have. 367 00:22:42,440 --> 00:22:45,680 There's basically nothing that's being talked about in that regard. 368 00:22:45,960 --> 00:22:48,880 We certainly don't have a real regime change. We have 369 00:22:49,079 --> 00:22:52,519 a swapout of people who are part of the same regime. 370 00:22:52,680 --> 00:22:57,480 So in the aggregate, the US really hasn't won this. 371 00:22:58,000 --> 00:22:59,920 That's to you. The best thing we can hope for, 372 00:23:00,079 --> 00:23:02,119 I think at this point is to go back to 373 00:23:02,160 --> 00:23:04,680 the status quo ante in other words, the time before 374 00:23:04,759 --> 00:23:08,599 this war started. But at this moment in time that 375 00:23:08,720 --> 00:23:11,079 even is questionable. Well, I think we have to remember 376 00:23:11,200 --> 00:23:14,119 that hardliners are what we would think of as hardliners, 377 00:23:14,240 --> 00:23:18,079 are pretty powerful in Iran and when you have a 378 00:23:18,240 --> 00:23:22,480 supreme leader who has, based on most reporting, at least 379 00:23:23,039 --> 00:23:27,519 has been wounded, possibly severely wounded, in the attacks on 380 00:23:27,920 --> 00:23:31,000 the supreme leadership. His father has been killed, his wife 381 00:23:31,039 --> 00:23:34,079 has been killed, other family members have been killed or wounded. 382 00:23:34,680 --> 00:23:38,799 That you know, certainly has got to be a factor 383 00:23:38,839 --> 00:23:42,720 in harder making the positions harder on the Iranian side. 384 00:23:43,039 --> 00:23:46,720 So you have that as one example that the Iranian 385 00:23:46,759 --> 00:23:51,839 position itself may be quite difficult to overcome in terms 386 00:23:51,839 --> 00:23:54,720 of softening things up from a diplomatic perspective. And then 387 00:23:54,759 --> 00:23:58,400 you also have people who are naturally averse to working 388 00:23:58,440 --> 00:24:00,920 with the United States or doing any thing that would 389 00:24:01,000 --> 00:24:04,000 result in the United States gaining any type of perceived 390 00:24:04,079 --> 00:24:08,440 victory over this. So this is a very difficult diplomatic issue. 391 00:24:09,039 --> 00:24:11,599 When you look at the difficulty of this, I would 392 00:24:11,640 --> 00:24:15,319 say we're looking at here is we have to basically 393 00:24:15,440 --> 00:24:19,480 work with people who are varying degrees of hardliner, and 394 00:24:19,640 --> 00:24:23,319 in this particular case, there is a possibility of a 395 00:24:23,720 --> 00:24:26,720 kind of tacit agreement with these folks. But remember we're 396 00:24:26,759 --> 00:24:29,559 only talking about to a one page paper that is 397 00:24:29,880 --> 00:24:33,960 supposed to set the stage for further negotiations, and that 398 00:24:35,079 --> 00:24:37,799 is definitely something where there are a lot of details 399 00:24:37,839 --> 00:24:39,559 that would still need to be worked out, and as 400 00:24:39,599 --> 00:24:42,000 they always say, the devil is in those details. 401 00:24:42,279 --> 00:24:47,599 Speaker 1: Well, let's talk oil, oil and gas. Oil prices are 402 00:24:47,680 --> 00:24:52,880 going down. Gas prices are going up. Oil is going 403 00:24:52,920 --> 00:24:55,599 down because of the fact that the Wall Street loves 404 00:24:55,640 --> 00:24:59,279 to hope is not a strategy, as they say, but 405 00:24:59,359 --> 00:25:02,759 they that there is going to be a breakthrough here. 406 00:25:03,400 --> 00:25:06,519 So oil prices, well, they've been trading down. In fact, 407 00:25:06,559 --> 00:25:10,319 even there was an eight we got below knotty for 408 00:25:10,440 --> 00:25:13,960 just a few minutes early trading this morning. But right 409 00:25:14,000 --> 00:25:16,200 now the price of a barrel of oil is starting 410 00:25:16,200 --> 00:25:18,799 to climb a little bit, up to ninety six dollars 411 00:25:18,799 --> 00:25:21,960 and some change. Because again there's a lot of people 412 00:25:22,000 --> 00:25:24,920 that are like me that are a little leary about 413 00:25:24,920 --> 00:25:30,480 this actually coming to fruition. It's it's a big leap 414 00:25:30,559 --> 00:25:33,640 to think that this one pager is somehow going to 415 00:25:33,680 --> 00:25:37,160 solve all these problems as far as gasoline prices go. 416 00:25:38,119 --> 00:25:41,160 Taking a look at the Triple A map, the average 417 00:25:41,160 --> 00:25:44,680 price of gas across the country now four dollars and 418 00:25:44,720 --> 00:25:48,640 fifty six cents. That's up three cents from yesterday. It's 419 00:25:48,759 --> 00:25:54,799 up twenty six cents from a week ago. So yeah, 420 00:25:54,920 --> 00:25:58,720 going higher, truckers and farmers, your diesel price. The average 421 00:25:58,720 --> 00:26:02,680 across the country five dollars and sixty four cents. When 422 00:26:02,720 --> 00:26:12,519 you look around the map of the United States, Washington, Oregon, Nevada, Alaska, 423 00:26:13,240 --> 00:26:17,119 and Hawaii are all above five dollars a gallon average 424 00:26:17,119 --> 00:26:20,920 for the cheap stuff in California is six dollars and 425 00:26:21,000 --> 00:26:25,440 seventeen cents. So they still win for the highest highest 426 00:26:25,519 --> 00:26:30,279 gas prices. Chris Wright, the Secretary of Energy, I was 427 00:26:30,319 --> 00:26:32,200 talking about prices earlier today. 428 00:26:32,519 --> 00:26:36,400 Speaker 10: We do not have direct dialogues with the officials in Iran. 429 00:26:36,640 --> 00:26:39,720 You know, I haven't had all this administration obviously through 430 00:26:39,920 --> 00:26:43,599 observation data, I'm watching what's happening with their energy system, 431 00:26:44,079 --> 00:26:45,759 but no direct dialogue with them. 432 00:26:46,240 --> 00:26:46,480 Speaker 4: Yeah. 433 00:26:46,480 --> 00:26:50,039 Speaker 10: Look, the Iran economy has been a train wreck for years, 434 00:26:50,119 --> 00:26:53,880 just to horribly mismanaged economy, you know, and of course 435 00:26:53,880 --> 00:26:56,519 they've terrorized their neighbors and done everything we've heard about. 436 00:26:57,000 --> 00:27:00,240 But they've already it looks like they've likely or he 437 00:27:00,319 --> 00:27:03,359 cut back their production maybe by four hundred thousand barrels 438 00:27:03,359 --> 00:27:07,200 a day. They'll likely continue to ramp down their production 439 00:27:07,400 --> 00:27:11,759 as their storage fills and their inability to export oil 440 00:27:12,119 --> 00:27:15,240 if it goes too long and they have to actually 441 00:27:15,319 --> 00:27:19,519 shut in some of their low pressure mature reservoirs, real 442 00:27:19,680 --> 00:27:23,160 risk and almost certainly some kind of permanent damage and 443 00:27:23,200 --> 00:27:27,559 reduced production capacity. Hopefully that's an additional incentive for RAN 444 00:27:28,000 --> 00:27:30,519 to get to the end that everyone knows we're going 445 00:27:30,559 --> 00:27:33,480 to get to, which is to end the Iranian nuclear 446 00:27:33,519 --> 00:27:36,599 program and to restore flow of traffic through the straits 447 00:27:36,599 --> 00:27:37,160 of Horn Moves. 448 00:27:37,400 --> 00:27:38,319 Speaker 1: That day is coming. 449 00:27:38,599 --> 00:27:41,160 Speaker 6: The question is just with a RANS cooperation or without 450 00:27:41,160 --> 00:27:42,079 a RANS cooperation. 451 00:27:42,319 --> 00:27:47,720 Speaker 1: Well, Chris Wright talking much more tough, I would say, 452 00:27:47,759 --> 00:27:51,119 than the President about this. He seems very certain we're 453 00:27:52,240 --> 00:27:55,200 either going to do it our way or the hard way, 454 00:27:55,400 --> 00:27:57,200 one of the two, but we're going to do it. 455 00:27:58,079 --> 00:28:01,400 I like his positive view on making sure that this 456 00:28:01,440 --> 00:28:05,240 gets done. The other thing is in the reading the 457 00:28:05,400 --> 00:28:08,720 oil analysts on Wall Street a lot of their research papers, 458 00:28:09,400 --> 00:28:12,599 they're saying that the storage problem in Iran is not 459 00:28:12,720 --> 00:28:14,920 a couple of days. The President said that last week 460 00:28:14,960 --> 00:28:18,000 it was within a matter of three days their oil 461 00:28:18,000 --> 00:28:20,279 system would blow up because they don't have anywhere to 462 00:28:20,279 --> 00:28:25,119 put the oil. Most analysts say that they Iron's a 463 00:28:25,119 --> 00:28:27,640 big country and there are a lot of places that 464 00:28:27,680 --> 00:28:31,079 they can store it. They also have other ways to 465 00:28:31,119 --> 00:28:33,480 get it out of the country, but in small amounts, 466 00:28:33,839 --> 00:28:36,839 but that at the very earliest it would be two 467 00:28:36,920 --> 00:28:40,240 or three months before they actually get to a point 468 00:28:40,240 --> 00:28:43,119 where they have to start shutting down. Well, so different 469 00:28:43,160 --> 00:28:48,440 people again calling different shots on how Iron's oil business 470 00:28:48,519 --> 00:28:54,119 is going. The President weighs in as well on oil prices. 471 00:28:54,519 --> 00:28:56,680 Speaker 8: I thought oil prices wou'd go to two hundred, two 472 00:28:56,720 --> 00:28:59,240 hundred and fifty dollars in set one hundred dollars now 473 00:29:00,200 --> 00:29:02,400 and I think you're surprised, and I'm surprised. But even 474 00:29:02,440 --> 00:29:05,440 if it went to two hundred, it would have been 475 00:29:05,480 --> 00:29:07,839 worth it. I understand that we had just set a record, 476 00:29:08,400 --> 00:29:12,119 fifty thousand on the Dow, seven thousand on the SMP, 477 00:29:12,440 --> 00:29:14,880 A record, and I said, I hate to do this, 478 00:29:14,960 --> 00:29:18,799 but we have to make an excursion down to Iran 479 00:29:18,880 --> 00:29:21,680 because we can't let them have a nuclear weapon. 480 00:29:21,799 --> 00:29:24,319 Speaker 1: I'm not quite sure what the Dow and the smp 481 00:29:24,519 --> 00:29:29,519 have to do with Iran's nuclear weapons, but he's right. 482 00:29:29,839 --> 00:29:34,440 We have we've been setting records, but that is specifically 483 00:29:34,640 --> 00:29:38,640 a reflection of corporate earnings. Corporate earnings are absolutely strong 484 00:29:38,759 --> 00:29:42,559 right now. We're going through a very strong corporate earning cycle, 485 00:29:43,319 --> 00:29:46,319 and that's why the stock markets are setting new records. 486 00:29:46,480 --> 00:29:48,480 So let's talk a little bit about the economy. We 487 00:29:48,559 --> 00:29:53,160 got our Thursday morning jobs report. It's actually the first 488 00:29:53,200 --> 00:29:57,960 time jobless claims. First time job is claims exactly two 489 00:29:58,039 --> 00:30:01,079 hundred thousand, up a little from last week. But I mean, 490 00:30:01,079 --> 00:30:05,160 we're running really low on people getting pink slips, not many. 491 00:30:05,400 --> 00:30:08,680 The labor market appears to be very stable, and it 492 00:30:08,720 --> 00:30:12,759 appears that nobody's getting fired. The layoffs are very very low. 493 00:30:12,799 --> 00:30:18,440 Two hundred thousand continuing claims, one point seven million. Productivity 494 00:30:19,400 --> 00:30:22,720 lacking in this report up one tenth of one percent. 495 00:30:23,400 --> 00:30:27,400 Unit labor costs up two point three percent, slightly less 496 00:30:27,400 --> 00:30:30,920 than expected. But the big jobs report for the month 497 00:30:31,039 --> 00:30:35,519 of April comes out tomorrow morning, eight thirty Eastern time. 498 00:30:35,599 --> 00:30:39,640 That's from the Bureau of Labor Statistics. But as far 499 00:30:39,640 --> 00:30:42,279 as today's report with the first time jobs claims, it's 500 00:30:42,799 --> 00:30:46,319 nice to see that the layoffs are at a very 501 00:30:46,359 --> 00:30:50,680 low number. And finally, the Pope and the fact that 502 00:30:50,839 --> 00:30:53,720 Donald Trump and the Pope are supposedly ad some sort 503 00:30:53,720 --> 00:30:57,160 of tension against each other. The President keeps claiming that 504 00:30:57,200 --> 00:31:01,160 the Pope says it's okay for Iran to have nuclear weapons, 505 00:31:01,640 --> 00:31:05,079 and everybody's gone back and scoured everything that the Pope 506 00:31:05,079 --> 00:31:09,119 has said, and he's never said anything like that. But 507 00:31:09,200 --> 00:31:10,519 here's the president. 508 00:31:11,039 --> 00:31:14,079 Speaker 8: As far as the Pope is concerned, and it's very simple, 509 00:31:15,400 --> 00:31:17,880 whether I make him happy or I don't make him happy. 510 00:31:18,880 --> 00:31:24,039 Iran cannot have a nuclear weapon, and he seemed to 511 00:31:24,039 --> 00:31:28,440 be saying that they can, and I say they cannot 512 00:31:28,960 --> 00:31:32,240 because if that happened, the entire world would be hostage 513 00:31:32,279 --> 00:31:34,319 and we're not going to let that happen. That's my 514 00:31:34,400 --> 00:31:35,240 only message. 515 00:31:35,880 --> 00:31:39,240 Speaker 1: So Cardinal Dolan was asked about this, and it seems 516 00:31:39,640 --> 00:31:43,599 politically odd because of the fact that Catholics by a 517 00:31:43,680 --> 00:31:46,799 sixty percent margin voted for Donald Trump, so he won 518 00:31:46,880 --> 00:31:51,960 the Catholic vote. And I don't know what it is 519 00:31:52,000 --> 00:31:55,119 because Donald Trump is convinced that the Pope said Iran 520 00:31:56,839 --> 00:32:00,160 can have a nuke, and like I said, nobody he 521 00:32:00,200 --> 00:32:02,759 can find the Pope saying anything like that. But here's 522 00:32:02,759 --> 00:32:03,240 the Cardinal. 523 00:32:03,559 --> 00:32:05,400 Speaker 11: I would say the Holy Father would agree with him. 524 00:32:06,200 --> 00:32:09,039 He doesn't think a Ran should have nuclear weapons. I 525 00:32:09,039 --> 00:32:10,880 would also say he doesn't think the United States of 526 00:32:10,880 --> 00:32:12,960 America should have nuclear weapons. We wish we could have 527 00:32:12,960 --> 00:32:15,319 a world without him. Okay, he would ardently work for that, 528 00:32:15,640 --> 00:32:18,200 but not in the hands of fanatics and not in 529 00:32:18,240 --> 00:32:21,759 the hand of the hands of irrational people like we have. 530 00:32:22,039 --> 00:32:27,480 Speaker 1: So it seems like not a big deal, but it 531 00:32:27,519 --> 00:32:33,880 does have political ramifications, and we'll see if the tension 532 00:32:33,920 --> 00:32:38,119 between the President and the Pope goes away. Meantime, Wall 533 00:32:38,160 --> 00:32:43,559 Street today, like I said, started off on a positive, 534 00:32:43,799 --> 00:32:47,400 hopeful note, thinking, Okay, maybe, maybe, maybe we'll get an 535 00:32:47,480 --> 00:32:50,359 endto this war. But I think a lot of people 536 00:32:50,400 --> 00:32:53,039 started looking at a one page deal that is not 537 00:32:53,079 --> 00:32:55,759 going to solve this war. And you can't negotiate with 538 00:32:55,880 --> 00:32:58,480 the regime in Iran and they won't ever give up 539 00:32:58,519 --> 00:33:03,440 their nuclear product. So the market just kept going lower, 540 00:33:04,000 --> 00:33:07,759 down three hundred and thirteen to close it forty nine 541 00:33:07,799 --> 00:33:10,720 thousand and five, ninety six, the S and P down 542 00:33:10,799 --> 00:33:14,799 twenty eight, the NAZDAC down thirty two, Gold went up 543 00:33:15,039 --> 00:33:18,400 twenty seven dollars to four thousand and seven to twenty one, 544 00:33:19,240 --> 00:33:23,319 and oil up From where we started this morning, it 545 00:33:23,319 --> 00:33:25,559 acts like I told you, it actually got down to 546 00:33:25,680 --> 00:33:29,400 hit eighty nine and some change or a minute or two, 547 00:33:30,039 --> 00:33:32,160 but then worked its way back as again the oil 548 00:33:32,200 --> 00:33:35,240 markets are going. It doesn't look like piece is at 549 00:33:35,279 --> 00:33:39,480 hand imminently so up less than a buck today. The 550 00:33:39,519 --> 00:33:42,119 price of a barrel of oil ninety five dollars and 551 00:33:42,200 --> 00:33:45,519 some change. So that's it for today. Thank you for 552 00:33:45,680 --> 00:33:49,559 coming by. We will be back again tomorrow. Big job 553 00:33:49,640 --> 00:33:53,480 report for singing the eight thirty in the morning. Yes 554 00:33:53,680 --> 00:33:56,039 it's Friday, and we'll see you then