Latest / The Mark Simone Show / Hour 1: Mamdani's crazy tax ideas.

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Hour 1: Mamdani's crazy tax ideas. · The Mark Simone Show

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  Speaker 1: This is seven R Boy, The Mark Simung Show starts.
• 0:06
  Speaker 2: Now, Hey, it's Friday.
• 0:09
  Speaker 1: We got a lot to get to today, Mom Donnie
• 0:11
  Speaker 1: crazy Commy, Mom Donnie. He's got some real problems. He's
• 0:16
  Speaker 1: really stepped into it. This time, we'll get it. We'll
• 0:18
  Speaker 1: get to Iran, all the latest there, We'll get to
• 0:20
  Speaker 1: President Trump. We'll get to totally off the wall now
• 0:25
  Speaker 1: just insane, Chuck Schumer, We'll get to We'll get to
• 0:28
  Speaker 1: the Mets. We'll get to Pete Hegsith, We'll get to
• 0:32
  Speaker 1: the Hamptons. We got a lot to talk about today.
• 0:36
  Speaker 1: The President is going to the White House Correspondence Dinner
• 0:41
  Speaker 1: tomorrow night. This is the first time ever as president
• 0:44
  Speaker 1: he'll go to the White House Correspondence Dinner. It's obviously
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  Speaker 1: in Washington, and that means no Palm Beach this weekend,
• 0:53
  Speaker 1: because the last weekend he had stuff, he couldn't get
• 0:56
  Speaker 1: to Palm Beach. The weekend before he couldn't get to
• 0:59
  Speaker 1: Palm Beach. And these old ladies all get dressed up
• 1:03
  Speaker 1: and they gather in the ballroom of marl Lago to
• 1:06
  Speaker 1: take a glance at President Trump, take a selfie, yell
• 1:08
  Speaker 1: and scream. So they were all upset. He's not going
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  Speaker 1: to be there this weekend. Well, they's a light changing
• 1:13
  Speaker 1: the schedule. I've just noticed. He will go to Palm
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  Speaker 1: Beach this afternoon. There's a RNC political retreat for the big, big,
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  Speaker 1: big donors. So he is gonna about two three o'clock
• 1:26
  Speaker 1: leave the White House fly down to Palm Beach. He'll
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  Speaker 1: speak at this thing, and then I guess he'll spend
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  Speaker 1: the night in Palm Beach so he can play golf tomorrow,
• 1:34
  Speaker 1: and then in the afternoon he'll fly back for the
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  Speaker 1: White House correspondence. So it'll be a quick, very quick,
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  Speaker 1: maybe a twenty three hour Palm Beach trip. He's going
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  Speaker 1: to speak at the RNC donor thing, So you old
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  Speaker 1: ladies in the ballroom there at mar Lago, he may
• 1:52
  Speaker 1: not get to you at dinner. He may he may
• 1:53
  Speaker 1: not get back till later. Hey, speaking to which you
• 1:56
  Speaker 1: know they always tell you how bad things are for
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  Speaker 1: the Republicans in the midterms. It really looks bad. Well,
• 2:02
  Speaker 1: let me just give you the facts. When they show
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  Speaker 1: you the polls, Look how far down Trump is in
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  Speaker 1: the polls. Look how low Republicans are in the polls.
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  Speaker 1: They keep showing you this, they never show you the
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  Speaker 1: Democratic numbers because they're much lower than the Republicans. Democrats
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  Speaker 1: are now at the all time low in the history
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  Speaker 1: of polling as far as favorability. So as bad as
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  Speaker 1: it looks poll wise for Republicans in November, it looks
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  Speaker 1: ten times worse for Democrats in those same exact polls.
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  Speaker 1: They just never give you those numbers. Now here's the
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  Speaker 1: other thing right now, RNC money on hand, donations that
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  Speaker 1: they've got ready to go, one hundred million for the midterms.
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  Speaker 1: They've got one hundred million in the bank right now,
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  Speaker 1: ready to go. DNC Democrats seventeen million. It's a big difference,
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  Speaker 1: huge difference in fundraising. Normally it's the opposite. Normally it's
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  Speaker 1: the Democrats to the kings of fundraising. So Republicans doing much.
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  Speaker 1: But at this thing tonight where the President will come
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  Speaker 1: down there with all these donors, that'll be another twenty
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  Speaker 1: million that goes in there. So Iran, here's the We'll
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  Speaker 1: get to the White House correspondence and we'll go over
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  Speaker 1: that a little later. Iran. The latest is we're in
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  Speaker 1: the middle of these deadlines. The talks will continue straight
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  Speaker 1: of horn Moose, the situation. There is nobody's going to
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  Speaker 1: be using it right now, which is fine for us.
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  Speaker 1: We don't get anything out of the Straight of horn Moose.
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  Speaker 1: We don't need it, we don't get any oil from it.
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  Speaker 1: It's all Europe now. Europe is going crazy because they
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  Speaker 1: totally depend on the Straight of Horn Moose for oil
• 3:36
  Speaker 1: and they've got some problems. They've only got like four
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  Speaker 1: or five weeks of jet fuel left and then they're out,
• 3:41
  Speaker 1: so all flight will stop, All airlines will have to
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  Speaker 1: stop in Europe in a couple of weeks. If something
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  Speaker 1: that now, they could buy it from US. They've been
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  Speaker 1: holding off on this, but we produce more oil than
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  Speaker 1: Iran and Saudi Arabia combined. We got tons of oil,
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  Speaker 1: the biggest oil producer and exporter in the world. So
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  Speaker 1: these European nations will have to start buying from US
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  Speaker 1: in the next couple of weeks. The straight up Hormouse
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  Speaker 1: is basically secured. The US has hundreds of ships and
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  Speaker 1: destroyers and all sorts of navy there. Fifteen thousand sailors
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  Speaker 1: are there. We've got the whole thing secure now. The
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  Speaker 1: only problem is those what they call mosquito boats, those
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  Speaker 1: little speedboats. There's a lot of them, but they can
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  Speaker 1: come zooming out of a cave on the shoreline at
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  Speaker 1: any point. We have lots of stuff there, from ships
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  Speaker 1: to drones to aircraft that are ready if any of
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  Speaker 1: them appear. If any of them appear, to shoot them immediately,
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  Speaker 1: just blow them to pieces. President has given the order
• 4:47
  Speaker 1: yesterday's shoot to kill anything you see coming out of
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  Speaker 1: that shore, So one by one we'll have to take
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  Speaker 1: them all out. The other problem is the mines that
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  Speaker 1: are down there. We've got very very very sophisticated mindes
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  Speaker 1: sweepers that we didn't have before. They are working their butt.
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  Speaker 1: Apparently it's a slow process. It's a big area to
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  Speaker 1: cover and it could take weeks of mind sweeping to
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  Speaker 1: clear that up. Here's the President on the strait.
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  Speaker 2: We have total.
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  Speaker 3: Control of the strait, and the fact that it slows,
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  Speaker 3: you know, they would have opened it up. Three days ago.
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  Speaker 3: They came to us and they said, we will agree
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  Speaker 3: to open the straight and all my people were happy.
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  Speaker 3: Everybody was happy except me. I said, wait a minute,
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  Speaker 3: if we opened the strait, that means they're going to
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  Speaker 3: make five hundred million dollars a day. I don't want
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  Speaker 3: them to make five hundred million dollars a day until
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  Speaker 3: they settle this thing.
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  Speaker 1: Yeah, the truth is, we don't say it out loud.
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  Speaker 1: We'd actually like to keep the Straight closed. It totally
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  Speaker 1: bankruptcs Iran and we don't need it for any oil.
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  Speaker 1: We don't use it, so we'd really like to keep
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  Speaker 1: it closed as long as possible. Now, when you watch
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  Speaker 1: the fake news, I'll keep telling you how Iran has
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  Speaker 1: got us over a barrel. They have all the leverage.
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  Speaker 1: All they have to do is wait. They can wait
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  Speaker 1: us out. Their will is greater than ours. There's nothing
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  Speaker 1: more we can do. They can just outweait us. There's
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  Speaker 1: something they're just trying to stall until the Democrats get
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  Speaker 1: back in power. They like those Democrats because Democrats don't attack.
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  Speaker 1: In fact, the Democrats send them palettes of cash billions.
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  Speaker 1: So they're waiting for the Democrats. But you got to
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  Speaker 1: a minimum of a three year wait. Or maybe they're
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  Speaker 1: counting on the midterms, but you're not going to make
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  Speaker 1: it till the midterms. Here's the real truth. They have
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  Speaker 1: absolutely no income with the Straight closed. All their income
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  Speaker 1: really about ninety eight percent of it comes from the Straight. Oh,
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  Speaker 1: hor moose. As long as that's closed, they are totally
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  Speaker 1: cut off. Their whole economy is shut down. Now. It's
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  Speaker 1: been like that for a couple of weeks, and they're
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  Speaker 1: now starting to collapse. Their country is collapsing over. Their
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  Speaker 1: currency is collapsing as a result, they're now into triple
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  Speaker 1: digit food inflation. Triple digit food inflation, the currency is collapsing.
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  Speaker 1: They've lost citizens in the wrack, have lost ninety percent
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  Speaker 1: of their purchasing power. They're losing about fourteen billion a
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  Speaker 1: month in revenue. They've got some cash in the bank,
• 7:03
  Speaker 1: they're trying to live off that. There is a talk
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  Speaker 1: of US freezing their bank assets. It's some pot we
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  Speaker 1: could do that and keeping an eye on their big
• 7:13
  Speaker 1: ally is China. Will China try to bail them out
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  Speaker 1: cash wise, if they even were willing to do that,
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  Speaker 1: They're not going to do that for long. So as
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  Speaker 1: long as the straits closed, Iran is in close to
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  Speaker 1: total economic collapse. Now, as long as they can't move
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  Speaker 1: that oil, they've run out of storage space. They got
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  Speaker 1: no place to even store the oil, which means they
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  Speaker 1: got to shut down all their oil fields, shut down
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  Speaker 1: all drilling. Once you do that, you completely screw up
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  Speaker 1: the oil fields. If they stay shut for weeks and
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  Speaker 1: weeks and weeks, they just dry up and get all
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  Speaker 1: screwed up. It can take a year to get them
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  Speaker 1: going again. So we have all the leverage right now.
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  Speaker 1: Don't worry about it. Now, this crazy mom Donnie, So
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  Speaker 1: you have to understand the mentality of a mom Donnie.
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  Speaker 1: And these supporters, they're these crazy young victims. They went
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  Speaker 1: to Columbia, they went to Harvard, they went to all
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  Speaker 1: these Ivy League places. They got indoctrinated into this crazy
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  Speaker 1: socialist You could explain to them it's never worked. You
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  Speaker 1: could show them, lay it all out for them, document
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  Speaker 1: it where every time socialism is tried they don't care
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  Speaker 1: about that doesn't mean anything to them. They just like
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  Speaker 1: to feel of it, the idea of it. It makes
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  Speaker 1: them feel good. So there's no reality to this. And
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  Speaker 1: all of them, including mom Donnie, they've never run anything.
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  Speaker 1: They've never been managers. They have no idea how you
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  Speaker 1: run it, and they don't care. So he stepped over
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  Speaker 1: a huge line. He crossed the line that no politicians
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  Speaker 1: should ever cross. This whole tax the rich, go after
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  Speaker 1: the billionaires. First of all, it's all a myth. The
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  Speaker 1: rich pay ridiculous amounts, attacked beyond anything they should be paying.
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  Speaker 1: You know, if you're a wealthy guy in New York,
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  Speaker 1: you're paying like fifty eight percent of your income in tax.
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  Speaker 1: That's ridiculous. Would why would you be paying more than
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  Speaker 1: half your income in tax? Also, they're paying billions and
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  Speaker 1: billions and billions and billions. Remember they went after Elon Musk.
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  Speaker 1: Why doesn't he pay his fair share? Let's see his
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  Speaker 1: tax returns. Well, he put them out. It turned out
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  Speaker 1: he paid more tax than anybody in the history of
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  Speaker 1: the world in one year. And one year he paid
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  Speaker 1: like fourteen billion in taxes the all time. I mean,
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  Speaker 1: how much is enough? Fourteen billion. So we got a
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  Speaker 1: very very wealthy guy named Ken Griffin, worth a I'd
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  Speaker 1: say about fifty billion, lives in Chicago. He had a
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  Speaker 1: mayor in Chicago who's one of these crazy nutjob left
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  Speaker 1: wing woke socialist nuts. He who went after him started
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  Speaker 1: targeting him. So Griffin not only moved to Miami, he
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  Speaker 1: left Chicago. He picked he closed his businesses. He had
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  Speaker 1: massive businesses, commercial operations in Chicago that were contributing billions
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  Speaker 1: to the economy. Moved at all to Miami, which really
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  Speaker 1: screwed up the budget, the income and the finances of Chicago.
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  Speaker 1: So this idiot Mamdani decides he'll target Ken Griffin. If
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  Speaker 1: you're the mayor of New York, you can't pick out
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  Speaker 1: a private citizen and target them by name and taunt them.
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  Speaker 1: It's unheard of. It's just a private citizen. I don't
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  Speaker 1: care how wealthy is now. He lives in Miami, this
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  Speaker 1: Ken Griffin, but he has his main apartment at Park Avenue,
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  Speaker 1: the most prestigious building in New York seven to forty Park.
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  Speaker 1: That's incredible. I mean, only the top names of the
• 10:47
  Speaker 1: world and some of the most prestigious people have been
• 10:50
  Speaker 1: turned down by that co op board. It's the toughest
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  Speaker 1: building to get into. Griffin has a something like a
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  Speaker 1: forty million dollar apartment there, and the apartment next door
• 11:00
  Speaker 1: came on the market for twenty million. He quickly bought
• 11:02
  Speaker 1: it combined it. That's a sixty million dollar, unbelievable apartment.
• 11:08
  Speaker 1: You'd think that'd be enough for a guy who doesn't
• 11:10
  Speaker 1: even live here. But then when they built over there
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  Speaker 1: on the Central Park South, they built two twenty Central
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  Speaker 1: Park South and that became now the most prestigious building
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  Speaker 1: in New York. So he bought the most expensive apartment there.
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  Speaker 1: Cost him two hundred and forty million for an apartment
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  Speaker 1: and he doesn't live here. It's basically a hotel room
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  Speaker 1: for when he comes here. Two hundred and forty million.
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  Speaker 1: But it sounds crazy, but these guys are business geniuses.
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  Speaker 1: They buy this stuff because they realize it doesn't cost
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  Speaker 1: them anything. You could always sell it for a profit.
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  Speaker 1: It's not it's like a it's like putting the money
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  Speaker 1: in the bank. He said, well, when why don't you
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  Speaker 1: just put the money in the bank that is the bank.
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  Speaker 1: You know that forty million dollar apartment at Park Avenue.
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  Speaker 1: That's good, he's going to sell that for eighty million.
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  Speaker 1: So it's not a waste of money. You're always going
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  Speaker 1: to make a profit. It's smart business. So anyway, Mam
• 12:02
  Speaker 1: Donnie decides he'll target him because when he bought that
• 12:07
  Speaker 1: two hundred and forty million dollar apartments, the most expensive
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  Speaker 1: apartment in New York. So this is this crazy pieta
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  Speaker 1: tear at tax created by the way, by Andrew Cualmo.
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  Speaker 1: He's the one that came up with this. Remember when
• 12:19
  Speaker 1: he was governor it was one insane thing after another
• 12:22
  Speaker 1: from him. He created this pieta taar attacks. He couldn't
• 12:25
  Speaker 1: get it passed, but so they're trying to get it passed. Now.
• 12:28
  Speaker 1: Now this apartment that Ken Griffin has, the tax on
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  Speaker 1: it is I think it's a millionaire. Maybe it's three
• 12:34
  Speaker 1: million a year. So he's already paying a ton of tax.
• 12:38
  Speaker 1: He's got massive business interests in New York, and Mam
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  Speaker 1: Donnie decides he'll target him. So Mam Donnie goes on television.
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  Speaker 1: In this case, in today's world, it's online TikTok, Instagram,
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  Speaker 1: so he's online with one of his videos outside of
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  Speaker 1: Ken Griffin's building. This is the mayor of New York,
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  Speaker 1: not some crazy protests. He's pointing at the building naming
• 13:00
  Speaker 1: Ken griffinth. You can't go after a private citizen.
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  Speaker 2: Like this West Pen house.
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  Speaker 4: The Touch one CEO Ken Griffin watt for two hundred
• 13:07
  Speaker 4: and thirty eight million dollars.
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  Speaker 2: This piano tear tax is specifically designed for the richest
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  Speaker 2: of the rich.
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  Speaker 1: Yeah, it can't go You're mayor, you can't target and
• 13:17
  Speaker 1: try to harass a private citizen. It's unheard of. So
• 13:22
  Speaker 1: obviously Ken Griffin has every right to be met. He's
• 13:25
  Speaker 1: our biggest taxpayer. He's a very generous guy. This is
• 13:29
  Speaker 1: not a guy trying to avoid anything. In fact, the
• 13:32
  Speaker 1: guy's given seven hundred million a year to charities in
• 13:36
  Speaker 1: New York, seven hundred million a year. And we also
• 13:41
  Speaker 1: we know if a mayor goes after him, he'll pull out.
• 13:43
  Speaker 1: He did that in Chicago. He had everybody pack up
• 13:45
  Speaker 1: the whole business and move it to Miami. So he's
• 13:48
  Speaker 1: targeting this guy, and the guy's got a right to respond.
• 13:52
  Speaker 1: You know, he's about to build a massive skyscraper at
• 13:56
  Speaker 1: fifty second and Park Avenue. It's going to be a
• 14:00
  Speaker 1: huge skyscraper. It'll take about five years to build. This
• 14:04
  Speaker 1: skyscraper will have six thousand highly paid construction jobs, and
• 14:11
  Speaker 1: then when it opens, fifteen thousand people will have jobs
• 14:14
  Speaker 1: in this building. He's creating this thing. Well, since this
• 14:18
  Speaker 1: Mom Damie attack, he says, now we have to decide
• 14:21
  Speaker 1: if we should move forward. We might move it out
• 14:23
  Speaker 1: in New York. This would have been billions in tax revenue.
• 14:29
  Speaker 1: In fact, it's believed that Ken Griffin's activities business activities
• 14:33
  Speaker 1: in New York result in about three billion in taxes.
• 14:37
  Speaker 1: So if you're talking about you have a budget crunch,
• 14:42
  Speaker 1: if you're talking about you have a deficit, why would
• 14:45
  Speaker 1: you chase away the guy who's your biggest taxpayer, who's
• 14:47
  Speaker 1: given you a three billion a year. It's absolutely ridiculous,
• 14:53
  Speaker 1: It's insane. You know, Let's say you ran a restaurant
• 14:58
  Speaker 1: and you had a couple of guys that were your
• 14:59
  Speaker 1: big A customers. You know, your good customer comes in
• 15:02
  Speaker 1: and spends two three hundred bucks. But these guys come in,
• 15:06
  Speaker 1: they bring a ton of people, they order all these
• 15:08
  Speaker 1: fancy wines. Their checks are always fifteen thousand, eighteen thousand.
• 15:11
  Speaker 1: They're the biggest customers you have. Why would you chase
• 15:15
  Speaker 1: them out of your restaurant? You should cater them. If
• 15:19
  Speaker 1: you're a mayor of New York, you should call Ken
• 15:21
  Speaker 1: Griffin invite him to lunch. And so I understand, you're
• 15:25
  Speaker 1: going to build this building, create six thousand construction jobs
• 15:28
  Speaker 1: than fifteen thousand permanent jobs. What can the city do
• 15:31
  Speaker 1: to help you? That's what every other mayor does. Now.
• 15:36
  Speaker 1: Of course they're also doing it because they want the
• 15:38
  Speaker 1: guy to write them some checks at campaign time donate.
• 15:41
  Speaker 1: But if a guy's gonna do this, you're supposed to
• 15:46
  Speaker 1: call them. Who you know. There was a great Andy Spanno.
• 15:50
  Speaker 1: I remember he was the County executive of West yester
• 15:53
  Speaker 1: He was a great at this. I used to talking
• 15:55
  Speaker 1: about this all the time. Anytime a business was opening
• 15:58
  Speaker 1: in a massive offices in west he'd call them up,
• 16:02
  Speaker 1: County executive, let me meet with you. Is there anything
• 16:06
  Speaker 1: we can do for you? How can we help you
• 16:08
  Speaker 1: open your business? Anytime they'd get a letter, we're looking
• 16:11
  Speaker 1: at bringing our business to way, he'd call him up.
• 16:14
  Speaker 1: He'd meet with them. One time, he didn't even know
• 16:17
  Speaker 1: who it was. He went and he said, I'll meet you.
• 16:18
  Speaker 1: I'll pick you up at the airport and show you around.
• 16:20
  Speaker 1: He did, he'd'd know who it was. Turned out it
• 16:23
  Speaker 1: was Siemens and they wanted to open like a three
• 16:25
  Speaker 1: hundred million dollar business in Westchester. I mean it was
• 16:29
  Speaker 1: That's how you got to You gotta take care of
• 16:31
  Speaker 1: these people. These are your biggest customers. They pay for everything.
• 16:36
  Speaker 1: And Mom Donnie did get a thank you note from
• 16:39
  Speaker 1: Florida Senator Rick Scott who said thank you for driving
• 16:43
  Speaker 1: people to Florida. For cementing New York City's death spiral.
• 16:48
  Speaker 1: He says, we're in Florida. When you get your tax
• 16:50
  Speaker 1: policies right, we see what happens. The state starts booming
• 16:53
  Speaker 1: revenue quadruple. So anyway, we'll take some calls in a moment.
• 16:57
  Speaker 1: Eight hundred three to two one zero seven to ten
• 17:00
  Speaker 1: is the number. Eight hundred three two one zero seven
• 17:04
  Speaker 1: ten set up said on the iHeartRadio app to do
• 17:07
  Speaker 1: wor to hear Mark lies at.
• 17:10
  Speaker 4: Another for Mark's podcast to hear him any time?
• 17:14
  Speaker 2: Now back to Mark Simone on wo R. Hey, let's
• 17:19
  Speaker 2: take some calls. Let's go to sal in New Jersey.
• 17:21
  Speaker 1: Sal. How you doing?
• 17:23
  Speaker 5: Good morning, Mark, Mark? When when Mayemm Donnie says he
• 17:27
  Speaker 5: wants to tax the rich and go after the rich,
• 17:30
  Speaker 5: who's gonna end up hurting everybody because the rich they're
• 17:34
  Speaker 5: the ones that create the jobs.
• 17:36
  Speaker 1: I think we just didn't we just say that, yes, okay, thanks?
• 17:41
  Speaker 2: So uh.
• 17:42
  Speaker 1: You know the other problem, I don't think he's ever
• 17:43
  Speaker 1: met with anybody, you know, the tax people. I don't
• 17:46
  Speaker 1: think mom Donnie ever sat down and says, show me
• 17:48
  Speaker 1: where our taxes come from. I don't think he knows
• 17:51
  Speaker 1: that the top one percent pays forty percent of the
• 17:54
  Speaker 1: tax in here. I don't think he's aware of that.
• 17:57
  Speaker 1: Let's go to Mike in Florida. Mike, how you doing,
• 18:00
  Speaker 1: good morning, Mark, Yes, Mike, I know.
• 18:03
  Speaker 4: Uh. Tom Dreason opened up for Sinatra. Uh was he
• 18:08
  Speaker 4: the only comedian who opened for him? And did Snatra
• 18:11
  Speaker 4: have other singers ever opened for him?
• 18:13
  Speaker 1: No career always a comedian. It was Pat Henry for
• 18:17
  Speaker 1: millions of years, a couple of decades, and then uh,
• 18:21
  Speaker 1: what was his name after pat Henry was going? It
• 18:24
  Speaker 1: was Jackie Gaylee for a while. Then it was Tom Dreesen,
• 18:27
  Speaker 1: who is a great guy, the nicest guy in the world.
• 18:30
  Speaker 1: He maybe that may not be the top comedian of
• 18:31
  Speaker 1: the world, but he's a nice guy and a wife love. Yeah,
• 18:35
  Speaker 1: he's a good.
• 18:36
  Speaker 4: Would only be Vegas, so it would have been no.
• 18:39
  Speaker 4: Whenever he toured, he'd bring those guys along.
• 18:41
  Speaker 1: No, you tour all over the world with him, and
• 18:44
  Speaker 1: the wife loved Tom Dreesen. That's when recent Sinatra kept him.
• 18:47
  Speaker 1: He kept the wife busy. And then uh, he did
• 18:50
  Speaker 1: have a singer for a little while. There was a
• 18:53
  Speaker 1: cash crunch at one time and Sinatra didn't have the
• 18:56
  Speaker 1: private jets. So remember for a year or two he
• 18:59
  Speaker 1: is a door I was the opening act, and that
• 19:01
  Speaker 1: was oh I got was that was because the husband
• 19:05
  Speaker 1: lent two private jets to the tour. So, but it's
• 19:10
  Speaker 1: a good question. Thanks for calling. Let's go to Rich
• 19:13
  Speaker 1: and Myrtle Beach. Rich, how you doing?
• 19:15
  Speaker 4: Hey? Thanks? Speaking of Sinatra, my wife and I swore him.
• 19:18
  Speaker 4: I guess it was maybe your early nineties, late eighties.
• 19:21
  Speaker 4: He was at Jones Beach a couple of times. He
• 19:23
  Speaker 4: had Don Rickles open up for him several times.
• 19:25
  Speaker 1: Well, well, actually that wasn't an opening act. Don Rickles
• 19:28
  Speaker 1: was co builled with him. They were both on the
• 19:31
  Speaker 1: bill together. That was a oh, but that.
• 19:33
  Speaker 4: Was That was a couple of great shows that Jon's pacher. Yeah, hey,
• 19:37
  Speaker 4: can this guy that Manbani is targeting? Can he sue Mandanni? Personally?
• 19:43
  Speaker 1: He could, but that's not you know, you're worth fifty billion,
• 19:46
  Speaker 1: you're gonna sue this little weasel. No, you don't have
• 19:50
  Speaker 1: to sue it, just taking your money and running. Yeah yeah,
• 19:52
  Speaker 1: I mean if you sued, what would you get money?
• 19:54
  Speaker 1: I mean, he doesn't need the money, but you just pick.
• 19:57
  Speaker 4: Up one last thing, mark, you know, do we know
• 20:01
  Speaker 4: how much mom Donnie was worth when he came into office.
• 20:03
  Speaker 4: Were we going to keep track of how he's going
• 20:04
  Speaker 4: to like quadruple his worth when he leaves office, just
• 20:07
  Speaker 4: like all these other socialists.
• 20:09
  Speaker 1: He's from a very wealthy family. He's well off. He
• 20:11
  Speaker 1: doesn't need any money. And I don't think you have
• 20:13
  Speaker 1: to worry about him profiting in office. He's not that bright.
• 20:16
  Speaker 1: I don't think you could figure out how to do it.
• 20:19
  Speaker 4: Thanks Mark.
• 20:20
  Speaker 1: He's probably the only politician will be worth less money
• 20:22
  Speaker 1: when he leaves. Let's go to Neil in Brooklyn. Neil,
• 20:25
  Speaker 1: how you doing all right?
• 20:27
  Speaker 6: Thank you, Mark. Someone brought up Gary Content the other day. Yeah,
• 20:32
  Speaker 6: and nine to eleven kept him out at the newspapers. Yeah,
• 20:37
  Speaker 6: you know that. Also, Dan Rada benefited because there was
• 20:41
  Speaker 6: a count going on how many knights in a row.
• 20:44
  Speaker 6: Dan rather would not mention the story. And one of
• 20:47
  Speaker 6: the reasons was his daughter worked for Gary Content. So
• 20:51
  Speaker 6: it's nine to eleven saved him too in a way.
• 20:53
  Speaker 1: Yeah, that's true, a good point. Yeah, it was back
• 20:55
  Speaker 1: in two thousand and one. This would have been in summer.
• 21:01
  Speaker 1: There was two major scandals. One was Gary Condent, who
• 21:05
  Speaker 1: was he was a congressman having an affair with a
• 21:07
  Speaker 1: young intern. Was the named Chandra Levy. They were having
• 21:10
  Speaker 1: an affair and then she turned up dead in a
• 21:15
  Speaker 1: field near his house, so he was the chief suspect.
• 21:18
  Speaker 1: It turned out wasn't the guy that did it. Somebody
• 21:22
  Speaker 1: else did it. But he was all over the news
• 21:24
  Speaker 1: twenty four to seven. It was the biggest story. He
• 21:26
  Speaker 1: was in the middle of the worst scandal imaginable. It
• 21:29
  Speaker 1: would never go away. Then nine to eleven happened and
• 21:32
  Speaker 1: he was never mentioned again. So as awful as nine
• 21:35
  Speaker 1: to eleven was for this guy, it was a dream
• 21:37
  Speaker 1: come true that it got him out of the news.
• 21:39
  Speaker 1: But there were three scandals go There was you remember there.
• 21:42
  Speaker 1: It was a Little League Baseball World Championship and one
• 21:46
  Speaker 1: of the players who was supposed to be fourteen turned
• 21:48
  Speaker 1: out he was like twenty three. That was another big scandal,
• 21:51
  Speaker 1: got wiped out by nine to eleven, and I forgot
• 21:53
  Speaker 1: about that Dan Rather thing. You know, he was really
• 21:56
  Speaker 1: the father of modern day fake news with the fake
• 21:59
  Speaker 1: George Bush going a Walls story, and yeah, he had
• 22:02
  Speaker 1: a connection to Gary Condent. It was the biggest story
• 22:05
  Speaker 1: in the news, and he wouldn't mention it on the news.
• 22:07
  Speaker 1: He wouldn't even do the story. So and everybody started
• 22:10
  Speaker 1: to notice and he was getting a lot of talk.
• 22:12
  Speaker 1: Again nine to eleven erased the whole thing. Hey, when
• 22:15
  Speaker 1: we come back, the brilliant economist, the best business writer,
• 22:19
  Speaker 1: John Carney, he'll be with us. Next. We'll talk about
• 22:21
  Speaker 1: the FED, we'll talk about Iran. We'll get to Ken,
• 22:24
  Speaker 1: Griffin and Moore coming up on seven to ten WR.
• 22:28
  Speaker 2: Insight from the Inside. This is seven ten wrs. Markmon show.
• 22:36
  Speaker 1: Well, John Karney, the brilliant business writer. Now you know
• 22:39
  Speaker 1: one thing you should be reading every day is the
• 22:42
  Speaker 1: Breitbart Business Digest. All the top economists, all the Larry
• 22:47
  Speaker 1: Cudlow types, they all first thing you do every morning
• 22:50
  Speaker 1: breit Bart Business Digest. In fact, you can sign up
• 22:53
  Speaker 1: for it. It'll come to you free. It's a newsletter.
• 22:56
  Speaker 1: Just go to Breitbart dot com and where it says newsletter,
• 23:00
  Speaker 1: just click on there and order the Breitbart Business Digest.
• 23:04
  Speaker 1: It's free. You'll come right to your email. And John
• 23:06
  Speaker 1: Karney is the guy that puts it together. John Carney,
• 23:10
  Speaker 1: how you doing very good?
• 23:13
  Speaker 7: It's been an interesting week in interesting morning so far.
• 23:17
  Speaker 1: Mark, Yeah, Well, so what's going on this morning?
• 23:22
  Speaker 7: Well, the latest news is that Janine Pierro, who is
• 23:25
  Speaker 7: the US attorney for the District of Columbia, announced that
• 23:29
  Speaker 7: she is dropping her investigation into Jerome Powell and the
• 23:34
  Speaker 7: Federal Reserve. Yeah, this is a big deal because that's
• 23:38
  Speaker 7: what was holding up Kevin worsh She's the guy that
• 23:43
  Speaker 7: Trump has dominated to be the successor for Jerome Powell.
• 23:48
  Speaker 7: Senator Tom Tilsm North Carolina had said he would not
• 23:52
  Speaker 7: vote to confirm Warsh as long as the investigation was ongoing.
• 23:56
  Speaker 7: Piero had dug in and said she wasn't going to
• 23:58
  Speaker 7: drop the investigation. Now she says she will, but we're
• 24:04
  Speaker 7: not sure if that'll satisfy kill ushit because she says
• 24:09
  Speaker 7: she could reopen it later she wants, and Tillis and
• 24:13
  Speaker 7: Powell have said they think it needs to be dropped
• 24:15
  Speaker 7: once in parole. So we'll see whether this is you know,
• 24:18
  Speaker 7: this changes anything.
• 24:20
  Speaker 4: Maybe it does.
• 24:20
  Speaker 7: It gives everybody a way to sort of step away
• 24:23
  Speaker 7: from this fight. Powell's termens on May fifteenth, that's just
• 24:28
  Speaker 7: twenty one days from now. Yeah, so you know, something
• 24:33
  Speaker 7: had to give at some point, and it looks like
• 24:36
  Speaker 7: Pierro is going to at least suspend her investigation while
• 24:41
  Speaker 7: the inspector General's Office looks into it. So it's still
• 24:46
  Speaker 7: going to be investigated, but it's no longer going to
• 24:48
  Speaker 7: be investigated by the Justice Department.
• 24:50
  Speaker 1: Yeah, well that makes sense. I would take Powell's name
• 24:54
  Speaker 1: off it. It's about the new FED building. Donald Trump's
• 24:57
  Speaker 1: a world expert on what construction costs are. He look
• 25:00
  Speaker 1: the building over said, this is like eight hundred million.
• 25:02
  Speaker 1: They spent two three billion. But just investigate the projects,
• 25:06
  Speaker 1: see where that extra money went.
• 25:09
  Speaker 7: Yeah, and I think that's what they're gonna do. I've
• 25:11
  Speaker 7: said before that I thought the Senate or the House,
• 25:15
  Speaker 7: both of whom have oversight of the FED, should also
• 25:19
  Speaker 7: conduct an investigation.
• 25:20
  Speaker 1: They should hold hearings.
• 25:22
  Speaker 7: It does look like there was huge cost overruns. Now, look,
• 25:26
  Speaker 7: some of this is that they were unlucky, like the
• 25:28
  Speaker 7: rest of us, to have to live through Biden inflation.
• 25:32
  Speaker 7: So if you planned out building something in twenty nineteen
• 25:35
  Speaker 7: and then prices went up, you know, the worst inflation
• 25:38
  Speaker 7: in forty years in twenty twenty two, you know, is
• 25:43
  Speaker 7: that your fault?
• 25:44
  Speaker 4: You know?
• 25:44
  Speaker 7: Maybe not so, maybe some of the cost overruns were
• 25:46
  Speaker 7: just bidenflation. Blame Joe Biden. But look, as you said,
• 25:50
  Speaker 7: Donald Trump is a you know, he's got a lot
• 25:53
  Speaker 7: of experience in this area, and he looked at it
• 25:55
  Speaker 7: and said, this doesn't make sense to me. It needs
• 25:57
  Speaker 7: to be looked at. So I'm glad that they are
• 26:00
  Speaker 7: continuing to investigate it, maybe taking it out of the
• 26:03
  Speaker 7: Justice Department so it's no longer framed as a criminal investigation.
• 26:07
  Speaker 7: Maybe that'll allow everybody to cool down a little. And
• 26:10
  Speaker 7: the main important thing is getting President Trump's nominee Kevin
• 26:15
  Speaker 7: Walsh confirmed. This may clear the path to allow that
• 26:18
  Speaker 7: to happen.
• 26:19
  Speaker 1: Yeah, all right, John conne Let's say we get Kevin
• 26:21
  Speaker 1: Walsh confirmed he's the new FED chair. Does Powell step down?
• 26:26
  Speaker 1: Then he's threatened not to, So what do you think
• 26:27
  Speaker 1: will happen?
• 26:29
  Speaker 7: Yeah, so that's another question. So Powell's term is chair
• 26:34
  Speaker 7: ends May fifteenth, but all chairs are also governors, and
• 26:38
  Speaker 7: his governorship lasts until twenty twenty eight, so he could
• 26:42
  Speaker 7: potentially stay in the office for a few more years.
• 26:45
  Speaker 7: That has only happened once, back in nineteen forty eight,
• 26:49
  Speaker 7: when one chairman stayed on. Every other chairman when their
• 26:54
  Speaker 7: term is chair runs out, they step aside because they
• 26:58
  Speaker 7: don't want to interfere with the new chairman's ability to
• 27:01
  Speaker 7: get the job done. Powell said maybe he won't do that.
• 27:05
  Speaker 7: He said he definitely wouldn't do it as long as
• 27:07
  Speaker 7: the investigation continued. He hasn't said whether he'll step down
• 27:13
  Speaker 7: from if the investigation is dropped. He left that an
• 27:16
  Speaker 7: open question. A lot of people think it would be
• 27:19
  Speaker 7: very irresponsible for him to stay on. It would be
• 27:23
  Speaker 7: destabilizing to monetary policy. People would not know, you know,
• 27:27
  Speaker 7: do we listen to Powell the old chairman, or do
• 27:29
  Speaker 7: we listen to the new chairman? Is Powell still running
• 27:32
  Speaker 7: the committee even if worsh is the ostensible chairman of it?
• 27:38
  Speaker 7: I think if Powell really does care about the institution
• 27:41
  Speaker 7: of the FED, he'll see the wisdom in stepping down.
• 27:44
  Speaker 7: But he's taken this entire investigation very personally, so it
• 27:49
  Speaker 7: may cloud his judgment here.
• 27:51
  Speaker 1: Yeah. So will he go down as the Joe Biden
• 27:53
  Speaker 1: a FED chairman, annoying, irritating, sort of a guy who
• 27:59
  Speaker 1: did things she should Yeah?
• 28:00
  Speaker 7: I think I think he really He had the potential
• 28:06
  Speaker 7: to have had a really good reputation as FED chair
• 28:10
  Speaker 7: He did some things that were pretty good at the FED.
• 28:13
  Speaker 7: He for instance, he held back the people who wanted
• 28:16
  Speaker 7: the FED to get involved in climate change politics. He said,
• 28:20
  Speaker 7: that's not our job. We're not going to do that.
• 28:23
  Speaker 7: But they messed up right after the pandemic was starting
• 28:27
  Speaker 7: to end and Biden was pouring billions of dollars into
• 28:30
  Speaker 7: the economy and in place was starting to take off.
• 28:33
  Speaker 7: That's when the FED should have said, okay, we need
• 28:35
  Speaker 7: to raise interest rates in order to combat the inflationary effect.
• 28:39
  Speaker 5: Of all this.
• 28:40
  Speaker 7: Instead, they kept interest rates really low and told everybody inflation.
• 28:44
  Speaker 4: Was going to go away any minute now.
• 28:45
  Speaker 7: It didn't, and it just got worse for a year
• 28:47
  Speaker 7: and a half. That's going to be his reputation. And
• 28:51
  Speaker 7: then adding on to this this sort of I would say,
• 28:54
  Speaker 7: petty fights with the president. You know, the President picks
• 28:58
  Speaker 7: on Powell, and presidents have picked on FED chairman before.
• 29:02
  Speaker 7: Typically the FED chairman try to stay out of politics.
• 29:05
  Speaker 7: They'd let the politicians bad mouth them. Powell just couldn't
• 29:09
  Speaker 7: do that, and so he, you know, he put up
• 29:11
  Speaker 7: a video accusing Trump of having organized the impiro's investigation
• 29:16
  Speaker 7: with no evidence of that at all.
• 29:18
  Speaker 1: Yeah, they speaking of that kind of stuff as crazy
• 29:21
  Speaker 1: mayor of ours, Mom, Donnie may have crossed a big
• 29:25
  Speaker 1: line he's targeting specifically a private citizen, Ken Griffin. He
• 29:28
  Speaker 1: did a video in front of Ken Griffin's apartment pointing
• 29:31
  Speaker 1: at it. These kind of democrats when it comes to
• 29:35
  Speaker 1: tax the rich and all that, they always screaming that
• 29:37
  Speaker 1: don't they realize guys like Ken griff these are your
• 29:40
  Speaker 1: biggest customers. These guys give you more money than anybody
• 29:43
  Speaker 1: or are you supposed to call them and say, hey,
• 29:45
  Speaker 1: is there anything we can do to help you build
• 29:47
  Speaker 1: this new six billion dollar building camp. What do they
• 29:52
  Speaker 1: think is going to happen if they go after these billionaires?
• 29:54
  Speaker 4: Yeah?
• 29:54
  Speaker 7: I mean, look, it's a huge mistake. Even just this
• 29:58
  Speaker 7: building was going to provide a lot of construction jobs,
• 30:04
  Speaker 7: a lot of work just as it was being built.
• 30:07
  Speaker 7: Forget about you know all the people who are going
• 30:09
  Speaker 7: to be employed to work for Citadel Ken Griffin's firm
• 30:13
  Speaker 7: in that building. That's what that's long term employment. But
• 30:15
  Speaker 7: you know this will call if they if Citadel pulls out,
• 30:19
  Speaker 7: which they may do because the mayor has announced its
• 30:23
  Speaker 7: hostile territory. The attack Hen Griffon not for anything Ken
• 30:27
  Speaker 7: Grimmin has done, but because Ken Griffin owns a you know,
• 30:31
  Speaker 7: one of the most expensive apartments in New York City.
• 30:34
  Speaker 7: A penthouse that went you know, I think reportedly bought
• 30:37
  Speaker 7: for two hundred and thirty million dollars. It's outrageous that
• 30:43
  Speaker 7: the mayor treats that as a as some sort of crime.
• 30:49
  Speaker 7: You know, Griffin did nothing wrong. The mayor made an
• 30:53
  Speaker 7: example out of him. Threat is saying, he's that we're
• 30:56
  Speaker 7: raising taxes on those people. Raising taxes is one thing
• 30:59
  Speaker 7: people you know, can get their heads around. That Actually
• 31:02
  Speaker 7: targeting wealthy individual homeowners, I think is a step too far,
• 31:08
  Speaker 7: and it's going to make a lot of people say
• 31:10
  Speaker 7: maybe I shouldn't be working in New York City. I
• 31:12
  Speaker 7: definitely shouldn't be buying expensive real estate in New York City,
• 31:16
  Speaker 7: and I probably shouldn't be opening any offices.
• 31:18
  Speaker 1: In New York Hey. It all started with this pieta
• 31:21
  Speaker 1: tear a tax, which was created by Andrew Cuomo. This
• 31:24
  Speaker 1: was his idea, why would you get mad at somebody
• 31:26
  Speaker 1: who buys an apartment doesn't live here. If they don't
• 31:28
  Speaker 1: live here, they're not going to use any services. It's
• 31:31
  Speaker 1: like a business. You know, a guy buys a big
• 31:34
  Speaker 1: three hundred dollars gift card and then never uses it.
• 31:37
  Speaker 1: That's your dream customer.
• 31:38
  Speaker 7: Why would you get mad at Yeah, yeah, no, that's right.
• 31:44
  Speaker 7: And a lot of these a lot of these buildings
• 31:46
  Speaker 7: people are are from people who actually spend money in
• 31:49
  Speaker 7: the city, even if they don't live there. So they're
• 31:51
  Speaker 7: not using a lot of the services of the city.
• 31:54
  Speaker 7: Their kids aren't in school there, so it's not a
• 31:56
  Speaker 7: tax on the school system, they're not on mass transportation,
• 32:00
  Speaker 7: and they're not calling the city's budget very much, but
• 32:05
  Speaker 7: they're contributing to it through their taxes. And then they're
• 32:07
  Speaker 7: contributing to the city's economists economy when they eat out
• 32:11
  Speaker 7: to dinner, when they take a taxi somewhere. So the
• 32:14
  Speaker 7: idea of going after them never really made much sense.
• 32:18
  Speaker 7: I think, you know, the reason why they do it
• 32:21
  Speaker 7: is the same reason bank robbers rob banks, because that's
• 32:24
  Speaker 7: where the money is.
• 32:26
  Speaker 1: Yeah, hey, we only have a little less than a
• 32:29
  Speaker 1: minute left Iran. If it's all cleaned up and settled
• 32:33
  Speaker 1: within a let's say two months from now, the economy
• 32:36
  Speaker 1: will be pretty good by the end of the summer,
• 32:38
  Speaker 1: won't it.
• 32:39
  Speaker 7: Absolutely. Look, we're actually seeing signs that the economy is
• 32:42
  Speaker 7: pretty good right now. We got retail spending numbers for March.
• 32:46
  Speaker 7: Those were fantastic. Consumers may be grumbling when it comes
• 32:50
  Speaker 7: when they're asked about how the economy is doing, but
• 32:52
  Speaker 7: they are still spending money. The ADP, we don't next week,
• 32:56
  Speaker 7: we'll get the week after next. Actually we get the
• 32:58
  Speaker 7: government's official jobs numbers, but ADP for five weeks in
• 33:02
  Speaker 7: a row says private payrolls have been growing and on
• 33:06
  Speaker 7: average over the last four weeks they are adding fifty
• 33:09
  Speaker 7: thousand jobs. That's a lot. So the county is doing
• 33:13
  Speaker 7: really well. If the Iran war goes away and oil
• 33:15
  Speaker 7: prices and gas prices come downtown, this is going to
• 33:18
  Speaker 7: be a boom summer for the economy.
• 33:20
  Speaker 4: Wow.
• 33:21
  Speaker 1: That's a good note to end on. Hey, everybody read
• 33:23
  Speaker 1: the bright Bart Business Digest the smartest people economists. It's
• 33:28
  Speaker 1: the first thing you read every morning, bright Bart Business Digest.
• 33:31
  Speaker 1: Just go to brightbart dot com. You'll see it where
• 33:34
  Speaker 1: it says newsletters. Click on that. Sign up for the
• 33:37
  Speaker 1: bright Bart Business Digest. It's free. It'll come write to
• 33:39
  Speaker 1: your email every day, or we go online and read
• 33:42
  Speaker 1: it every day. And John Carney, you're doing great work.
• 33:45
  Speaker 1: Keep it up and we'll talk again soon.
• 33:48
  Speaker 4: Thanks.
• 33:48
  Speaker 7: Mark, have a great weekend.
• 33:49
  Speaker 1: Right, take care, Hey, don't forget. Coming up at noon,
• 33:53
  Speaker 1: Buck and Clay, excellent show. Buck Sexton had a great
• 33:58
  Speaker 1: book party last night. He's got an excellent new book
• 34:01
  Speaker 1: out which I highly recommend. In fact, go to Amazon
• 34:05
  Speaker 1: order Bucks new book. It's called Manufacturing Delusion. It's all
• 34:09
  Speaker 1: about it'll fascinate you about what the left does to
• 34:13
  Speaker 1: brainwash and doctrinate. It's fascinating. Get Bucks new book, Manufacturing Delusion,
• 34:18
  Speaker 1: and listen to Buck and Clay coming up at noon
• 34:21
  Speaker 1: today on seven to ten. Wor Mark Simonia on door.
• 34:28
  Speaker 2: Hello, Hey, you know Bill Gates.
• 34:31
  Speaker 1: His big thing is the Gates Foundation, the Gates Foundation
• 34:34
  Speaker 1: giving away billions. Well, they're about to cut twenty percent
• 34:39
  Speaker 1: of their staff. They're laying off five hundred people. That's
• 34:42
  Speaker 1: a lot of people having a foundation. But it's a multi,
• 34:46
  Speaker 1: multi multi billion dollar foundation. Five hundred jobs, twenty percent
• 34:49
  Speaker 1: of its staff. There's an external review. Apparently a lot
• 34:55
  Speaker 1: of it has to do with its engagement with Jeffrey.
• 35:00
  Speaker 1: You know, Bill Gates, this noble, honorable, beloved billionaire now's
• 35:07
  Speaker 1: reputation ruined there. He was hanging out for hours and
• 35:13
  Speaker 1: laid into the night at Epstein's House. Nobody more implicated
• 35:17
  Speaker 1: or tangled up with Epstein than Bill Gates, and now
• 35:20
  Speaker 1: it's affecting his foundation. Massive layoffs about to take place. Hey,
• 35:26
  Speaker 1: we'll stop for the news, get all the latest on everything,
• 35:30
  Speaker 1: and then in the next hour we got a lot
• 35:32
  Speaker 1: to get to. We'll get to New York City and
• 35:34
  Speaker 1: how it's doing, and we'll get to the Hampton's. It's
• 35:38
  Speaker 1: amazing the fads and trends they waste money on out there.
• 35:41
  Speaker 1: We'll get to that coming up. We'll get to crazy
• 35:44
  Speaker 1: Chuck Schumer and hey, there's another mom Donnie problem he's got.
• 35:48
  Speaker 1: We'll get to that coming up in the next hour
• 35:51
  Speaker 1: and bring you all the latest. Mark Simone here ten
• 35:55
  Speaker 1: to noon every day, or you can listen anytime. Just
• 35:57
  Speaker 1: get the podcast wherever you get your podcasts. Back right
• 36:00
  Speaker 1: after the news on seven ten WOS