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

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on this Monday. Today is the twenty seventh day of

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April year by Lord twenty twenty six. My name is

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Tom Sullivan. And well, we'll get, we'll get. We have

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a very busy weekend to talk about. But before we

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get to the weekend. For Friday, we left this podcast

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on Friday with the idea that they were going to

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send Witkoff and Kushner to Pakistan to talk to Iran

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because Iron's foreign Minister and their team was going to

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be there, and and then it was up in the

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air and we no sooner posted this podcast, the Friday podcast,

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and everything fell apart. The Foreign Minister went to Pakistan,

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and then he left and went down to Oman, and

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then he went to Russia, and then he came back

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to Pakistan. So we'll get into all of that, but

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it's it was.

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Speaker 2: It was.

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Speaker 1: Things were changing literally every couple of minutes on Friday.

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So it turned out to be chaos. It's a total chaos,

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So no solicious solutions there. The big story over the

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weekend was Saturday, Saturday evening and we did not go

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out Saturday night, and I was looking around for something

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on television and I'd watched the Yankees game.

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Speaker 3: And.

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Speaker 1: Oh, there's a White House Correspondence to And it surprised

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me because just about everybody was broadcasting it. And I

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must tell you I did go to the White House

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Correspondence Dinner in two thousand and eight. George W. Bush

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was the entertainment for the night. Actually, Craig Ferguson was

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the entertainment. George Bush that was his last time as

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going to the White House Correspondence dinner. Yes, it was

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at the Washington Hilton. Yes, it was downstairs in that ballroom.

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It is a massive ballroom. They hold over two thousand people.

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That's two hundred and some tables. They're crammed in, very

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hard to get just through to anywhere. It's so crammed.

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But I did, I did go. I was I was new.

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I'd worked well. First of all, I was working for Fox,

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and Fox does have a membership in the White House course,

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in the White House Membership Correspondence membership, And so I

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got invited, and so I went and went out of

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more curiosity because I'd heard about it before. And it

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was interesting because on the on the train from New

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York down to Washington. I sat next to George Clooney,

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very nice. Uh Ron Vic Victor I think was his name.

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He was an actor. He's passed away since then. Ted

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Kennedy and his wife were on the on the same

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car that I was in. So it all of a sudden,

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you could tell things were ramped up that it was not. Yeah,

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there were there were big things going. So it was

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weird because what I noticed about the White House Correspondence

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dinner on Saturday night. It used to be where the

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media would go members and of organizations that cover the

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White House, and there were celebrities that would go, and

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then the politicians. Now celebrities don't like Donald Trump, so

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I don't think there was I didn't see anybody from

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Hollywood that went to that because if they did, they

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would be ostracized by the mafia in Hollywood. But anyway,

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it was politicians and the media that covers them, and

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so there I was a young rookie on the national

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stage and I I was. I thought it was just

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a strange event and it was a phony event, but

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it was it was Washington's chance to do something that

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they considered to be glitsey. It wasn't glitsey on a

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New York style or Los Angeles style, but it was

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that's Glitsey for DC. And so they go, all these

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reporters go and they do two things. One is they

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commiserate with their competitors from the other networks and oh hi,

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how are you, Oh so good to see you, that

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sort of thing, very funny. And then there I was.

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I was surprised because they had They still do, but

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they had when I went. There were a lot of

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pre parties still are and NBC has a party, and

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ABC is a party, in Fox has a party, and

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all the media. There are lots and lots of New

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York Times, Washington Post. There are tons of pre parties.

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And you go in. You can wander in and out

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of these pre parties without any security none whatsoever. They're

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in various rooms besides the big ballroom. And you walk

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in there and there are all the big deals. Those

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are the there's the leadership of the White House, there's

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a leadership from Congress and everybody in the reporters and

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they're all being nicely nice to each other. It's a

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very strange event, like nothing else I'd ever seen before.

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So I went once in the next year, I was

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invited to go back, and I said, eh, so I

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did one time, but in any case, so lo and behold.

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I had it on and all of a sudden, there's

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all this commotion. I looked at him. Oh my gosh.

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There's a lot of questions that have to be asked

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about the security. I mean a lot. Now, there is

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never an air tight security. There's not one thousand percent perfection.

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There's always going to be some flaw somewhere in every

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presidential security plan. But this is one where they've gone

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back for years, for decades, they've used that same ballroom

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at the Washington Hill because it's the biggest ballroom in Washington.

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It holds, like I said, over two thousand people. It's

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the exact same setup when I went, and that was

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a long time ago. But yeah, they have the different floors.

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There's the lobby and then there's the kind of a

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mezzanine floor, and then you go down, you go down

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to that, and then there's another drop down to the

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to the ballroom floor. So it's kind of three levels underground.

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But yeah, the magnetometers and all that were in the

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same place that they were when they had the event.

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This past Saturday night, so they have some cookie cutter

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security arrangement that they it doesn't look like they've updated

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a thing, not a thing. So I mean, I'm looking

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at the Secret Service, and I know that there are

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people that do not like Donald Trump. Well there's also

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people that did not like Barack Obama or Joe Biden

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or George I mean, you just you have to be

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on guard for people that just don't like the president.

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This is an odd one because this guy is a

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smart guy, but obviously he's not right in the head.

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But the Secret Service, the guy who's in charge of

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the Secret Service was one of the agents assigned to

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candidate Trump in Butler, Pennsylvania, and so Trump liked him,

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and he's now the head of the Social Security And

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I saw people trying to interview him on Saturday night,

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and he didn't sound like he really had He didn't

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he didn't sound like a like he knew what he

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was doing. He's had no managerial experience whatsoever. He's a

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Secret Service agent, so he has he has line experience,

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but he doesn't have any management experience. And I don't

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know if he just pulled out the drawings from previous

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years and said here, you use these, so anyway. The

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other thing is that if you've seen the video for

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those I shouldn't assume everybody knows that that there was

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a man who tried to get into the ballroom of

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the White House correspondence dinner, and he had a manifesto

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saying he wanted to kill the leadership of the country,

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President Trump and all of his people. And that's the

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other thing. They were all there. I don't believe there

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were any Supreme Court justices there, but there were. But

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all of Trump's cabinet I think attended. And so you

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had basically the executive brand to the United States government

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in place, and they did not do a very good job.

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They say, well, he didn't get in. Well, I got

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to tell you something. He got down to the stairs

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that ten stairs down and you're in the ballroom. I

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mean he got really really really close. And the other thing,

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I'll play some clips for you, but there was a

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lot of questions about you saw them. He goes running

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as fast as he can through the one magnetometer that

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they had only one. He goes running through that and

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it looked like the Secret Service had already dropped their

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guard because the event was underway, But I'm telling you,

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they were all standing around and all of a sudden,

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this guy comes running through and they were kind of

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a few seconds behind him, and it looked like they

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pulled out their guns and maybe started shooting. But the

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guy was not shot. So are they just bad shots?

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Were they not? I mean, there were five or six

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of these Secret Service agents that spun and looked like

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they were pulling their guns out. How many how many

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shots did they take that did not hit the guy?

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And there is a witness. I'll play the clip for

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you here in just a minute. A woman that was

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at the stairs that go she came out of the

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ballroom and up the ten stairs to the mezzanine level

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as she wanted to text her son and there was

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no reception down below, and he came charging right at her,

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and she said, he wasn't shot. He tripped. Nobody stopped him.

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He wasn't tackled. He tripped. He was only twenty feet

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away from entering the ballroom that is packed like sardines

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with people, and he had a shotgun and a semi

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automatic pistol and a bunch of big knives. Well, pistol

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is going to take out one person at a time

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a shotgun, and he had in his manifesto the order

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in which people would be shot and not shot. And

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he obviously must not know much about guns, because a

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shotgun is the spray of of of bullets if you

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will and it it will take out a large crowd

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with very little effort, and you don't even have to

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barely aim it. You just kind of shoot it in

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a direction and everybody in that direction is going to

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be hit. So it was seconds away, and everybody's going

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at a boy at a boy secret service. He never

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got in, no, but he was. He got past whatever

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security they had and was seconds away from a mass

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shooting of a lot of people in that in that ballroom,

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a lot of people asking questions that went about the security.

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Oh you know who else. Wolf Blitzer had to use

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the men's room, and the men's rooms are up on

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the mezzanine floor. So he got up and wandered out

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of the ballroom like the lady did, and went up

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the stairs. And I don't know if he had yet

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entered the restroom or had already been in the restroom,

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but he's standing there with the gunman coming right at him.

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Here's Wolf Blitzer talking about what he saw and how

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it scared the pants. This is a guy who was

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in war zones as a younger man, but this one

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got him, at least it scared him.

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Speaker 4: It's very, very worried from what happened. Just coincidentally, after

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they served the appetizers, I walked out to simply go

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to the men's room, but you have to walk up

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these stairs and walk out, and which I was doing.

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And as I was walking back towards the door to

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get back into the big area where the event was

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taking place, all of a sudden, I start hearing gunshots

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in the hall right near me. And the next thing

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I knew, a police officer threw me to the ground

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and was i top of me, and I was listening

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and watching what was going on. And apparently they got

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the gunman who had a major weapon there. But it

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was so worrisome. The noise was so loud in a

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small area, and all of a sudden, I'm seeing gunshots

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and then they grabbed me, the police officers, and they

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take me back into the men's room. There was safe

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for they about fifteen other men Bullah are stuck in there,

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and they won't let it out, and that's what happened.

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And then after a while they let me out and

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I'm out. Now I'm not back in the ballroom, but

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I think that he's apparently closing down. Very scary incident.

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All of a sudden, the guy with a weapon, it

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was a very very serious weapon. He started shooting, and

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I happened to have been a few feet away from

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him as he was shooting, and of course the court

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then he went through my mind, is he's trying to

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shoot me? And I don't think he was trying to

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shoot me, but I was very close to him as

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the gunshots were fired. I mean, it was very, very scary,

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but I'm okay.

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Speaker 5: Now.

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Speaker 1: That was from Saturday night where they finally got him

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on a cell phone to report on what happened to him.

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The other thing, if you've seen any of the coverage

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there's from offstage, there is video of the Secret Service

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came out and I mean within seconds nothing happened. I mean,

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all of a sudden, two or three, maybe four Secret

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Service guys came out and one guy grabbed jd Vance

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by the back of his coat. He's sitting in a

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chair at the head table grabbed him by his coat,

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lifted him out of this chair, and whoosh, off they

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went with him. I mean, JD doesn't seem like a

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small man. But I'm watching and I went back and

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looked at it. It took them ten to twelve seconds.

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They had three or four Secret Service agents down with

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the President. And oh, they were standing there looking out

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into the crowd. I mean that ten to twelve seconds

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when somebody's firing a gun is important. And they did nothing.

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So finally somebody grabbed Trump, picked him up out of

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his chair, and they started to march out of there,

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and he says that they pushed him back down again. No,

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you could see he tripped over something. And all I

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saw when it first happened was there's the president. I

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can see his head, and down he went, and an

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old boy, why did he go down? It was just

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he simply tripped. He won't admit that because he doesn't

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like to admit anything like that. But he tripped, and

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they picked him up and then he marched out. And

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the problem is the Secret Service agents that are supposed

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to be assigned to the president we learned this from Butler,

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are supposed to be at least as tall as him,

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because they'd form a circle around him so that he

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doesn't get shot. And there still were a couple of

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female Secret Service agents that are much shorter than him,

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and there's his head clear shot if somebody wanted to

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do it. But they got him and Millennia out, but

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they were quite late compared to the people that were

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handling JD. Vans. They got JD. Vans out right away.

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Mike Johnson, Speaker of the House, I've been telling you

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the whole you know, if the president dies, then the

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vice president comes up. Unless the vice president dies then

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the secret The Speaker of the House is the next

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in line. Well, the Speaker of the House they picked

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him up too, and rushed him out of the room.

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Here's Mike Johnson talking about his view.

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Speaker 6: I can tell you from a layman's perspective, it did

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look a little lax in terms of as everyone's now

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noted getting into the building, that we all came in,

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cabinet sectaries of government officials with their own details. We

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come in the back, so I didn't see the magnatometers

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and all that. But it doesn't sound like it was sufficient.

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Speaker 1: Yeah, So he didn't have a good view because he

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came in a special way and he had his own

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security detail with him. But the other thing about the

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Secret Service, they closed off access to where the Washington

279
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Hilton is located. Blocks four or five blocks were completely blocked.

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You couldn't get a car anywhere near it, but you

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could magnetometers were only feet away from the entrance to

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the ballroom. That doesn't make any sense to me none whatsoever.

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Juliet Tam she's former FBI big security lady.

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Speaker 7: I think the question it depends on which question you ask.

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So we don't really talk in my field about things

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being safe. We talk about them being safer. And that

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distinction is important because anytime you have a big event,

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think about a big party like this, or a concert

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or a sporting event, what you're trying to do is

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minimize the risks, as the Secrets of Us thought they

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were doing by having a very secure perimeter, but obviously

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two open outside other elements of the hotel. And then

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you also make sure that you're able to respond quickly.

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I think you know the fact that no one was

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harmed is a good sign, but the Secret Service and

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Congress will likely evaluate what the response time is. So

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if you ask me, was this safe? The answer is

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absolutely no, right, this happened, But the question is how

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could you make it safe? For given that is at

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a hotel that didn't close, that you know that you

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have protesters outside. So in some ways, you know, both

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Congress people were correct.

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Speaker 4: You know.

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Speaker 1: I was thinking about the fact that there was this

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one guy and he's kind of not a not a

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very big man, but he had guns on him, and

307
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he is not right in the head. But what if

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there was a team of commandos from Iran or from anywhere,

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they could have the Secret Service lucked out the fact

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that the guy ran through them and then tripped and

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then they got him. If it was a group of

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commandos who were actually fit and trained and armed, that

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that would have been a whole different story. Here's the

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woman I was talking about. Her name is Aaron Thielman.

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She was in the ballroom and wound up at the

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top of the steps, right where the gunman was. Let's

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listen to her description of what happened, how he went

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down by basically tripping.

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Speaker 8: I was trying to send a text message at the

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table to my son to check in on him and

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the kids, and I couldn't get a reception. So when

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there was a break in service, I walked up the

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stairs to the next level, just to the top of

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the stairs, and I remained right at the top of

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the stairs while I called my son. When he answered,

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that's when I heard a lot of It was gunshots.

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Speaker 5: Really loud gunshots coming from this alleged shooter.

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Speaker 8: My ear is still ringing from the gunshots. They were

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very loud, and I saw him charging right at me.

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He had one hand on the butt of the gun,

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one hand on the barrel of the gun.

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Speaker 5: Was a shotgun.

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Speaker 8: It was a shotgun, yes, and he was running right

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in my directions, magazine clips around his body.

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Speaker 5: Had you already climbed all the stairs.

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Speaker 8: I had already climbed all the stairs.

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Speaker 5: You were on the same level as him.

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Speaker 8: He dropped right at my feet.

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Speaker 5: When you say he dropped right at your feet, he.

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Speaker 8: Fell face first, and I knew the situation was somewhat

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safe when I saw that he had dropped his gun

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and it was laying just to the left of his

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shoulder on the ground.

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Speaker 5: Yeah, it was pretty traumatic. Yes, it's pretty traumatic. Indeed,

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what was going through your head? I know you were

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an Air Force veteran, correct.

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Speaker 8: When I first saw him charging at me, immediately I

348
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thowt it bad guy, enemy terrorists, and I just had

349
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to get out of his way. And it was a

350
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split second decision. I just took a step back trying

351
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to get out of the way. And then he something

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knocked him out. I don't know what, and he just

353
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he fell down and dropped his gun.

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Speaker 5: And when you were on the top level over there,

355
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one flight above the ballroom, and he was right there,

356
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did you see me standing there too?

357
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Speaker 8: I did see you there. I did see you over

358
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on the other side of the hallway.

359
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Speaker 4: Yeah.

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Speaker 5: And did you see a law enforcement officer tell me

361
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to get down? Get down? Get down? And then he

362
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jumped on top of me.

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Speaker 8: I heard it.

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Speaker 5: You heard that? Yeah? Okay, So what do you say?

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What did you say to your family when you got home?

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Speaker 4: Oh?

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Speaker 8: When we got home, I don't remember the words that

368
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were exchanged, but I hugged my kids for a really

369
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long time. I mean, obviously you were a key eyewitness

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as Wolf was.

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Speaker 9: So when you say he fell at your feet, did

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it seem like he he felt something brought him down.

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He wasn't tackled at that moment, and by law enforcement No.

374
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Speaker 8: They started running in on him right as I ran

375
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down the stairs.

376
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Speaker 9: Okay, so like he so he wasn't tackled and that's

377
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what brought him down to the No, I was not.

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Speaker 8: He was nice. Maybe that's what happened. I have no idea.

379
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Speaker 9: I mean, if he hadn't fallen, he could have just

380
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kept absolutely okay, because I thought there was an understanding

381
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before that, there was a he was tackled or you know,

382
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but he just fell.

383
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Speaker 8: He just fell.

384
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Speaker 5: He could have easily gone down those stairs and gone

385
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right into the ballroom. There was nothing in between.

386
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Speaker 8: You had to do is go down the stairs and

387
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there's the ballroom.

388
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Speaker 1: Yes, yeah, and the ballroom doors were wide open, she said.

389
00:23:14,920 --> 00:23:19,000
So it was seconds away from him being successful in

390
00:23:19,079 --> 00:23:24,079
killing a large number of people. Josh Campbell, former FBI agent,

391
00:23:24,680 --> 00:23:25,240
weighs in.

392
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Speaker 3: Well, we want those additional details about kind of the

393
00:23:29,200 --> 00:23:32,359
timeline that they've been piecing together, if there's any information

394
00:23:32,440 --> 00:23:34,599
that we would get about what people in his orbit

395
00:23:34,680 --> 00:23:36,960
might have stated. A law enforcement source told me that

396
00:23:37,160 --> 00:23:39,720
his family has been extremely cooperative. But you know, I

397
00:23:39,759 --> 00:23:42,759
agree with Ellie on that document itself, and you know,

398
00:23:42,839 --> 00:23:45,559
we're not talking about a threat to the President, charging

399
00:23:45,599 --> 00:23:47,720
him with that. We're talking about attempting to kill the

400
00:23:47,720 --> 00:23:51,119
President of the United States, and that so called manifesto

401
00:23:51,400 --> 00:23:54,039
is damning. I mean, you look in there, he essentially

402
00:23:54,119 --> 00:23:58,559
lays out the targets in order of succession within the

403
00:23:58,640 --> 00:24:02,160
US government. Really has animis for President Donald Trump. And

404
00:24:02,200 --> 00:24:03,839
you look at some of the other evidence. You know,

405
00:24:03,839 --> 00:24:07,000
when we're talking about attempted assassination, we're talking about a

406
00:24:07,000 --> 00:24:10,680
substantial over steps that were taken in order to try

407
00:24:10,720 --> 00:24:13,559
to conduct this act. You look at that video that

408
00:24:13,599 --> 00:24:16,480
we've obtained, that CCTV from the hotel where he is

409
00:24:16,559 --> 00:24:20,359
at a dead sprint running past that security checkpoint. He's

410
00:24:20,400 --> 00:24:23,440
heavily armed, He's got a shotgun, he has a pistol,

411
00:24:23,519 --> 00:24:26,799
he has several knives. Law enforcement source told me that

412
00:24:26,839 --> 00:24:28,960
when we talk about knives, we're not talking about paget knives.

413
00:24:28,960 --> 00:24:32,759
We're talking about combat tactical style knives. Racing towards the

414
00:24:32,799 --> 00:24:35,680
location where the President of the United States is after

415
00:24:35,839 --> 00:24:38,519
just writing that his intent was to kill the president.

416
00:24:38,680 --> 00:24:40,759
That is extremely strong evidence, guys.

417
00:24:41,000 --> 00:24:43,839
Speaker 1: Yeah, and he was. The suspect was charged in federal

418
00:24:43,920 --> 00:24:47,839
court today in Washington with three counts, formally charged with

419
00:24:47,920 --> 00:24:52,200
the count one attempting to assassinate the president, So it's

420
00:24:52,200 --> 00:24:55,960
not about some federal officer, some vague thing. It's attempting

421
00:24:56,000 --> 00:25:00,440
to assassinate the president. One count on discharging of farm

422
00:25:00,559 --> 00:25:03,640
during a violent crime in one count on transportation of

423
00:25:03,680 --> 00:25:08,440
a firearm and ammunition in interstate commerce. Which is interesting

424
00:25:08,480 --> 00:25:12,279
that he took the train from Los Angeles to Washington,

425
00:25:12,359 --> 00:25:15,720
d C. That's I mean, this guy planned this out

426
00:25:15,880 --> 00:25:18,559
by the way I looked it up to see. The

427
00:25:18,559 --> 00:25:22,000
President announced that he was going to attend the White

428
00:25:22,000 --> 00:25:28,200
House Correspondence dinner on March second, So it's been yeah,

429
00:25:28,240 --> 00:25:32,240
almost two months. He had of time to plan. Meantime,

430
00:25:32,240 --> 00:25:35,519
this guy he had his appearance today next chearing his

431
00:25:35,920 --> 00:25:40,799
May eleventh. As they work on putting this guy, You've

432
00:25:40,799 --> 00:25:43,039
got to think, if I get caught, I'm either going

433
00:25:43,079 --> 00:25:44,599
to die or I'm going to get caught. If I

434
00:25:44,599 --> 00:25:46,640
get caught, I'm going to be in prison for the

435
00:25:46,680 --> 00:25:49,880
rest of my life. This is all life without the

436
00:25:49,920 --> 00:25:54,240
possibility of parole on the federal level, where it will stick.

437
00:25:54,960 --> 00:25:57,960
So the President, of course, on Saturday night, went back

438
00:25:58,000 --> 00:26:01,279
to the White House and held a news conference in

439
00:26:01,319 --> 00:26:04,200
the White House Press Briefing room and said he wanted

440
00:26:04,319 --> 00:26:08,839
another dinner within thirty days. I don't know where they

441
00:26:08,880 --> 00:26:13,079
can accommodate. That's the biggest ballroom in Washington. It's booked

442
00:26:13,279 --> 00:26:16,680
for months, if not a year in advance. I wouldn't

443
00:26:16,680 --> 00:26:19,640
be a bit surprised if the White House Correspondence Association

444
00:26:19,720 --> 00:26:23,200
hasn't already booked it for next year. So I don't

445
00:26:23,240 --> 00:26:29,720
see that happening. I know the President loves this is

446
00:26:29,759 --> 00:26:32,079
the relationship that he has with the media has always

447
00:26:32,200 --> 00:26:36,480
kind of made me smirk because he says he hates

448
00:26:36,519 --> 00:26:40,680
them and the media hates him, so they had this

449
00:26:40,839 --> 00:26:47,200
mutual hate relationship, but they both devour each other. The

450
00:26:47,240 --> 00:26:52,359
President loves to talk to the media, loves the collection

451
00:26:52,519 --> 00:26:54,960
of them in the Oval office every day. I mean,

452
00:26:55,000 --> 00:26:58,839
he's very transparent, and they say they hate him, but

453
00:26:58,960 --> 00:27:02,400
they scramble for anything that he says or does. So

454
00:27:02,559 --> 00:27:06,799
it's the weird relationship. So I'll be surprised to see

455
00:27:07,200 --> 00:27:11,799
if this actually takes place within thirty days. I hope

456
00:27:11,799 --> 00:27:14,640
it doesn't. I hope just say that's it, kiss it off,

457
00:27:14,640 --> 00:27:16,599
and move on the next year. The other thing, he

458
00:27:17,240 --> 00:27:22,640
put a pitch it for the ballroom, and I'm not

459
00:27:22,680 --> 00:27:24,920
a fan of the ballroom, not because of the having

460
00:27:24,920 --> 00:27:27,359
a ballroom there, but because of the facts. It's going

461
00:27:27,400 --> 00:27:31,160
to be a monstrosity, much bigger than the White House.

462
00:27:31,200 --> 00:27:33,119
And I think the White House should be the prominent

463
00:27:33,599 --> 00:27:35,279
building on those grounds.

464
00:27:35,359 --> 00:27:36,160
Speaker 2: But that's just me.

465
00:27:37,000 --> 00:27:39,680
Speaker 1: But people say, well, then then he'll be safe, and

466
00:27:39,720 --> 00:27:41,880
I'm going, you mean, the President is never going to

467
00:27:42,000 --> 00:27:45,079
leave the White House grounds. Everything he does will be

468
00:27:45,240 --> 00:27:48,720
in the in the new ballroom. He's got to go

469
00:27:48,759 --> 00:27:51,079
out and meet the voters. He's got to go out

470
00:27:51,079 --> 00:27:56,759
and do his rallies. So it's there's a lot to

471
00:27:57,359 --> 00:28:02,720
be seen. The wall, like I said, it fell apart.

472
00:28:02,759 --> 00:28:06,000
The talks fell apart on Friday. Nick Robertson is still

473
00:28:06,240 --> 00:28:10,680
in Pakistan and kind of gives us up to speed

474
00:28:10,720 --> 00:28:13,400
on what's happened since Friday night.

475
00:28:14,279 --> 00:28:17,240
Speaker 2: John, We're here to scrape up the minutia and try

476
00:28:17,440 --> 00:28:19,200
and try to read the teei's if you will, And

477
00:28:19,240 --> 00:28:23,079
there's a lot going on. The Iranian Foreign Minister's meetings

478
00:28:23,200 --> 00:28:26,359
over the weekend have been illuminating, but let's just start

479
00:28:26,400 --> 00:28:29,319
with the big point issues here. These red lines that

480
00:28:29,440 --> 00:28:33,000
Iran is talking about from the main state media news

481
00:28:33,079 --> 00:28:36,559
organization in Iran tasn't in, which is really a representation

482
00:28:36,640 --> 00:28:40,319
of what the IRGC is thinking. They're talking about breaking

483
00:28:40,480 --> 00:28:43,759
the talks down into several phases. The first phase is

484
00:28:43,920 --> 00:28:47,640
the United States needs to agree to a permanent ceasefire,

485
00:28:48,640 --> 00:28:52,599
unconditional going forward, doesn't change, don't go back to war.

486
00:28:52,799 --> 00:28:55,279
The next phase is about the Strait of Hormuz, and

487
00:28:55,359 --> 00:28:57,640
this is where it begins to get really interesting. It's

488
00:28:57,640 --> 00:29:00,559
not just about lifting the blockade. There's a lot more

489
00:29:00,599 --> 00:29:03,039
to it than that, and the travels by the Iranian

490
00:29:03,039 --> 00:29:06,200
Foreign Minister get us into a better understanding of it.

491
00:29:06,240 --> 00:29:08,400
So let me break that part of it down. What

492
00:29:08,480 --> 00:29:10,480
the Iranians are saying is they want to see a

493
00:29:10,519 --> 00:29:14,359
sort of a new legal dispensation over the Straits of Homers.

494
00:29:14,519 --> 00:29:16,839
It's as if they feel that the war has sort

495
00:29:16,880 --> 00:29:21,079
of given them a greater legitimacy and legal entitlement to

496
00:29:21,359 --> 00:29:23,680
the shipping that passes through the Straits of Houmas and

497
00:29:23,680 --> 00:29:27,960
therefore potentially financial gain. And we got further illumination on

498
00:29:28,079 --> 00:29:31,480
that because the Iranian Foreign Minister over the weekend went

499
00:29:31,519 --> 00:29:34,519
to Omar, which of course is the other country that

500
00:29:34,640 --> 00:29:37,799
has a border a coastline with the Strait of Homers

501
00:29:38,400 --> 00:29:40,480
And I'll just read you what the Uranian foreign minister

502
00:29:40,559 --> 00:29:42,960
said for the reason for that trip or part of it,

503
00:29:43,720 --> 00:29:47,480
engaged with the coast with other coastal state states on

504
00:29:47,559 --> 00:29:51,960
the Straits of Hummers, that our shared interest can be secured,

505
00:29:52,000 --> 00:29:55,079
shared interest can be secured. It is clear Iran is

506
00:29:55,119 --> 00:29:57,720
setting a high price on what it wants out of

507
00:29:57,720 --> 00:29:59,680
the Strait of Humos, and it was that dealt with

508
00:30:00,079 --> 00:30:03,200
before it then moves on to all the other issues.

509
00:30:04,640 --> 00:30:07,559
Iran is trying to lock in what it thinks against.

510
00:30:07,759 --> 00:30:11,000
Does that take it closer to what President Trump wants

511
00:30:11,000 --> 00:30:13,680
to see? Doesn't seem so at the moment.

512
00:30:14,319 --> 00:30:18,039
Speaker 1: So the President basically said, Okay, we'll just call us

513
00:30:18,079 --> 00:30:21,200
if you got a new idea. But he's putting the

514
00:30:21,920 --> 00:30:24,839
ball in the court of Iran to offer something that

515
00:30:24,880 --> 00:30:28,559
the US is interested in. Again, going back to Friday,

516
00:30:28,599 --> 00:30:32,039
we heard on Friday that the DOJ was dropping the

517
00:30:32,079 --> 00:30:35,759
investigation into Jpalll, the head of the FED. But then

518
00:30:36,119 --> 00:30:40,440
Jannine Piro, the US attorney for DC, said, well, we

519
00:30:40,519 --> 00:30:44,960
still reserve the right to file charges in the future

520
00:30:45,079 --> 00:30:50,440
and basically leaving it open ended. And that raised a

521
00:30:50,440 --> 00:30:54,039
lot of eyebrows. Was the DOJ going to drop the

522
00:30:54,079 --> 00:30:56,839
investigation of the JPAL. I mean, the federal judge in

523
00:30:56,920 --> 00:31:00,000
charge of the US District has already said there's no

524
00:31:00,200 --> 00:31:04,359
they're there, and she couldn't get an indictment from a

525
00:31:04,400 --> 00:31:08,319
grand jury in Washington, so you would guess that they're

526
00:31:08,400 --> 00:31:13,880
probably over, But she did not close the door. Roger Ferguson,

527
00:31:14,640 --> 00:31:18,839
former Vice Chairman of the Federal Reserve, said, yeah, we're

528
00:31:18,880 --> 00:31:22,279
still vague enough to where if I was J. Powell,

529
00:31:22,359 --> 00:31:26,559
I would not step aside from the role at the FED.

530
00:31:27,240 --> 00:31:29,759
Speaker 10: Obviously, no one really knows. He'll tell us maybe this week,

531
00:31:30,480 --> 00:31:33,160
But frankly, you know, in the world of you know,

532
00:31:33,279 --> 00:31:37,039
complete total exonomation, put this behind us, I'm not sure

533
00:31:37,160 --> 00:31:42,119
that the move of this investigation from Justice Department someplace

534
00:31:42,160 --> 00:31:45,640
else really fully checks the box of putting us behind us.

535
00:31:46,440 --> 00:31:49,880
It's important to not be a criminal investigation, obviously, but

536
00:31:49,960 --> 00:31:51,720
I'm not sure that if I were sitting in his

537
00:31:51,799 --> 00:31:55,240
seat or his advisors that I would say, yeah, let's

538
00:31:55,279 --> 00:31:58,400
blow they are clear, whistle on this and move forward. Well,

539
00:31:58,400 --> 00:32:01,400
your didder thing is, you know, we need a court

540
00:32:01,559 --> 00:32:04,559
approach on Lisa Cook, which also tells us you know

541
00:32:04,599 --> 00:32:06,680
what the guard are. So I think there's a number

542
00:32:06,720 --> 00:32:08,960
of reasons why if IRUs his seat, I might just

543
00:32:09,039 --> 00:32:10,200
stay for a little while longer.

544
00:32:10,519 --> 00:32:13,680
Speaker 1: So we'll see what Jay Powell does. But the next

545
00:32:13,680 --> 00:32:17,720
meeting of the Fed is tomorrow and Wednesday, two day meeting,

546
00:32:17,839 --> 00:32:21,960
and this is theoretically the last meeting that Jay Powell.

547
00:32:22,000 --> 00:32:24,880
The Jerome Pile is the chairman of the Federal Reserve.

548
00:32:25,240 --> 00:32:28,079
That doesn't mean he has to leave the Federal Reserve

549
00:32:28,119 --> 00:32:31,480
Board of Governors, but he would step down as chairman.

550
00:32:32,680 --> 00:32:36,119
And there's also like Ferguson brought up the issue about

551
00:32:36,160 --> 00:32:39,720
Lisa Cook, who they could not pin and he charges

552
00:32:39,759 --> 00:32:42,799
on even though they went after her. So there's still

553
00:32:42,880 --> 00:32:45,720
some up in the air questions over at the Federal Reserve.

554
00:32:46,400 --> 00:32:51,000
Speaking of money, Wall Street, not a lot to talk

555
00:32:51,039 --> 00:32:56,960
about there. The market basically zigzag below the beginning line,

556
00:32:56,960 --> 00:32:59,160
so we were in the negative territory all day long

557
00:32:59,480 --> 00:33:01,359
as far as Dow, but the rest of the market

558
00:33:01,559 --> 00:33:05,839
was mixed, now down sixty two. The close of forty

559
00:33:05,920 --> 00:33:10,119
nine thousand and one sixty seven. SMP, however, gained eight

560
00:33:10,279 --> 00:33:13,519
and the NASDAC gained fifty. The price of gold felt

561
00:33:13,559 --> 00:33:16,599
forty six dollars. It's now down to forty four thousand

562
00:33:16,640 --> 00:33:21,079
and six ninety four and oil continuing to go higher,

563
00:33:21,640 --> 00:33:25,039
up another two dollars today. This is West Texas Intermediate.

564
00:33:25,519 --> 00:33:28,799
It's at ninety six rounded up to ninety seven dollars

565
00:33:28,839 --> 00:33:32,039
for a barrel of oil. So that's it for today.

566
00:33:32,160 --> 00:33:35,279
Thank you for coming by. We will be back again

567
00:33:35,359 --> 00:33:37,759
tomorrow and I hope to see you then