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Hour 2: 60 Minutes is back. · The Mark Simone Show

• 0:00
  Speaker 1: You're listening to The Mark Simone Show on 710WOR. Well, hey,
• 0:10
  Speaker 1: it's Wednesday, middle of the week already. Let me see,
• 0:13
  Speaker 1: price of oil down a few dollars a barrel. Still high,
• 0:18
  Speaker 1: still very, very high. Fed rate, that's going to affect
• 0:21
  Speaker 1: the market. We'll find out later exactly what's going to happen.
• 0:26
  Speaker 1: And let me just see right now. Stocks down, not really,
• 0:31
  Speaker 1: just $ 100, which is like a 20th of 1%. Just nothing.
• 0:37
  Speaker 1: But if the Fed rate announcement comes later, that's expected
• 0:42
  Speaker 1: to be a quarter of a point, be the first
• 0:44
  Speaker 1: rate hike in three years. It would make the president happy,
• 0:48
  Speaker 1: but quarter of a point, not that much. Anyway, we'll
• 0:50
  Speaker 1: get the best expert for you a little later this
• 0:53
  Speaker 1: hour to tell us all about it. So if you're
• 0:56
  Speaker 1: saying to yourself, how does CNN do it? How do
• 0:58
  Speaker 1: they get those low ratings? You know, CNN, a distant
• 1:02
  Speaker 1: third place in cable news, you know, few hundred thousand viewers,
• 1:07
  Speaker 1: that's it. How do they do it? How do they
• 1:09
  Speaker 1: get those ratings so low? Well, it's stuff like this.
• 1:12
  Speaker 1: First of all, Jake Tapper, not the most exciting guy anyway,
• 1:16
  Speaker 1: in the studio, just look at him and go, so
• 1:21
  Speaker 1: how do you get it even lower? Well, You bring
• 1:24
  Speaker 1: on Gavin Newsom, who looks good, sounds good, in the studio.
• 1:29
  Speaker 1: But they decide they'll take these two guys and have
• 1:31
  Speaker 1: them go fly fishing in Montana. I don't know what
• 1:35
  Speaker 1: the point of this is. I think it's Newsom's place
• 1:39
  Speaker 1: in Montana, his fly fishing place. You know how bad
• 1:43
  Speaker 1: Jake Tapper looks in the studio. You know how dull
• 1:45
  Speaker 1: he looks in the studio. Imagine him with those big
• 1:47
  Speaker 1: rubber boots up to his waist, standing in the middle
• 1:51
  Speaker 1: of a stream. Does anybody want to see this? So
• 1:54
  Speaker 1: it's Tapper and Newsom fly fishing. This was the highlight
• 1:58
  Speaker 1: of the whole thing where Newsom thinks he makes news
• 2:02
  Speaker 1: by saying he won't run if Kamala runs in 2028.
• 2:06
  Speaker 1: That was supposed to be breaking news. I don't know.
• 2:09
  Speaker 1: But listen to this. Tapper and Newsom fly fishing. It's
• 2:11
  Speaker 1: going to be a lot of people.
• 2:12
  Speaker 2: Yeah.
• 2:12
  Speaker 1: It's a lot of Democrats. 31 flavors. You're not even
• 2:16
  Speaker 1: the only Californian. No, right. You've got Ro Khanna, Kamala.
• 2:20
  Speaker 3: Yeah.
• 2:20
  Speaker 1: I don't know if she runs, but we'll see. I
• 2:22
  Speaker 1: know she's called her own.
• 2:24
  Speaker 3: But I wouldn't run if she ran.
• 2:27
  Speaker 1: If she runs, you will not? Of course not. Why
• 2:29
  Speaker 1: would I? I wouldn't do that to her.
• 2:32
  Speaker 3: I wouldn't do that to you.
• 2:34
  Speaker 1: I wouldn't waste everyone's time. Oh, my God. Breaking news.
• 2:38
  Speaker 1: This was the clip they released. Believe it or not,
• 2:41
  Speaker 1: this was the exciting part of the interview. Now, first
• 2:44
  Speaker 1: of all, this guy's been out of the race for
• 2:45
  Speaker 1: about nine months now. You'll notice before this week, you
• 2:49
  Speaker 1: hadn't heard his name in months. You hadn't heard anybody
• 2:52
  Speaker 1: mention him, talk about him in months. I know there
• 2:54
  Speaker 1: was a period late last year, early this year, where
• 2:57
  Speaker 1: he seemed to be the front runner. He was all
• 3:00
  Speaker 1: over the place. He was pulling stunt after stunt. And
• 3:04
  Speaker 1: it worked for a few months, but that's always the pattern.
• 3:06
  Speaker 1: If you look at every presidential race, on the Democratic side,
• 3:10
  Speaker 1: there's always somebody three years out. It's always the pretty
• 3:13
  Speaker 1: boy who looks good. John Edwards at one time, Gary
• 3:17
  Speaker 1: Hart another time, flash in the pan, and they're all
• 3:20
  Speaker 1: fizzle out, and they're never the nominee. And that was
• 3:23
  Speaker 1: the case here. So You haven't heard a word about
• 3:26
  Speaker 1: this guy in six months. Now he's trying to make
• 3:27
  Speaker 1: a little comeback. And if you want to really stir
• 3:31
  Speaker 1: up some excitement, Jake Tapper is not the guy to
• 3:35
  Speaker 1: do it with. So it's really going nowhere. So the
• 3:41
  Speaker 1: Kennedy Center is a mess. It needs to be rebuilt.
• 3:45
  Speaker 1: It has tremendous water damage. The infrastructure is crumbling. It's
• 3:51
  Speaker 1: on the verge of collapse. They want to rebuild it.
• 3:54
  Speaker 1: The lucky break right now is you happen to have
• 3:56
  Speaker 1: a president who's a master builder who actually knows how
• 4:00
  Speaker 1: to build these things. But he's in a big fight.
• 4:03
  Speaker 1: He wants to put his name on it. I know,
• 4:04
  Speaker 1: it sounds crazy, but that's the way he is. He
• 4:09
  Speaker 1: likes to put his name on everything. He likes a
• 4:10
  Speaker 1: lot of gold. He likes his name on everything, on
• 4:12
  Speaker 1: the hat, on the building, on the everything, everything, on
• 4:15
  Speaker 1: the club. But that was too much opposition. So then
• 4:22
  Speaker 1: it was decided... It would be the Kennedy Center, but
• 4:25
  Speaker 1: they'll put his name somewhere, a little sign, renovated by
• 4:28
  Speaker 1: Donald Trump. Well, if he does do that, I guess
• 4:30
  Speaker 1: he deserves the credit for it. You know, if Democrats
• 4:33
  Speaker 1: found out about John F. Kennedy, they'd want his name
• 4:36
  Speaker 1: off the building. I don't think they have any idea
• 4:39
  Speaker 1: what John F. Kennedy stood for. Boy, if Democrats today,
• 4:43
  Speaker 1: if they knew about Kennedy, the guy was anti-abortion. The
• 4:47
  Speaker 1: guy was a big military hawk. The guy was.
• 4:52
  Speaker 1: Increased every military thing in Vietnam. The guy was a
• 4:57
  Speaker 1: big tax cutter, a supply sider. Oh, if Democrats knew
• 5:00
  Speaker 1: about him, they'd demand his name come off the building too,
• 5:04
  Speaker 1: but they don't know about him. But the building in
• 5:08
  Speaker 1: tremendous disrepair, big chunk of the ceiling fell down last week. Luckily,
• 5:14
  Speaker 1: while it was closed, didn't hurt anybody. But this talk
• 5:18
  Speaker 1: of Trump just throwing up his hands, a federal judge ruled,
• 5:22
  Speaker 1: He can't put his name anywhere on any plaque on anything.
• 5:25
  Speaker 1: And that's the worst thing you can do to Donald Trump.
• 5:27
  Speaker 1: He can't put his name up. But he may just
• 5:29
  Speaker 1: walk away from all this. They had a fiery board meeting.
• 5:32
  Speaker 1: There's one person on the board who's a holdover from
• 5:35
  Speaker 1: previous administrations who's blocking Trump on anything. She's even the
• 5:38
  Speaker 1: one that took the thing to court. So apparently they
• 5:40
  Speaker 1: had gotten quite a shouting match in the boardroom. But
• 5:44
  Speaker 1: that's normal. That happens. You know, they'll make a big
• 5:46
  Speaker 1: deal out of it. Every president yells and screams and shouts.
• 5:51
  Speaker 1: Not so much Reagan. He could get mad, but he
• 5:54
  Speaker 1: wasn't much of a shouter or a cursor. Clinton was
• 5:57
  Speaker 1: an amazing cursor in private. Bush tried to curse, but
• 6:02
  Speaker 1: it wasn't so good when he did. He wasn't convincing
• 6:05
  Speaker 1: when he did it. Obama, yeah, I've heard him curse
• 6:08
  Speaker 1: a few times. I mean, really curse. But again, that's
• 6:11
  Speaker 1: every president. Nixon was quite the cursor. You can hear
• 6:15
  Speaker 1: it on those tapes. It's fascinating to listen to. The
• 6:19
  Speaker 1: biggest yeller and screamer and cursor ever was Joe Biden.
• 6:23
  Speaker 1: In fact, a lot of people quit the White House
• 6:25
  Speaker 1: because they couldn't take the abuse from him. I mean,
• 6:28
  Speaker 1: the F word, the S word, every word, screaming at
• 6:31
  Speaker 1: people all the time. It was unbelievable. It was so
• 6:35
  Speaker 1: bad and so many people were talking about it, muttering
• 6:37
  Speaker 1: about it. The New York Times was forced once to
• 6:40
  Speaker 1: write an article about it. Of course, they buried it
• 6:43
  Speaker 1: like on page 70, but they did write an article
• 6:45
  Speaker 1: about it and they spun it by saying, He's a perfectionist.
• 6:50
  Speaker 1: He's such a perfectionist. Demands so much from the staff
• 6:53
  Speaker 1: that he can yell and scream and curse at them.
• 6:56
  Speaker 1: And Trump's a pretty good yeller and curser. Although he's
• 7:01
  Speaker 1: a pretty tough guy. When you're really a tough guy,
• 7:03
  Speaker 1: you can control it a little more than some others. So, hey,
• 7:09
  Speaker 1: there's all this effort now to get rid of Pete Hexeth.
• 7:12
  Speaker 1: This crazy Morning Joe show. doing a whole hour today.
• 7:17
  Speaker 1: We've got to get rid of Hexeth. He's got to go.
• 7:19
  Speaker 1: He's got to go get rid of the guy. He's incompetent. Well,
• 7:24
  Speaker 1: he doesn't look like the guy you'd choose for the job,
• 7:28
  Speaker 1: but I wasn't that keen on him getting the job.
• 7:32
  Speaker 1: I mean, I like the guy, but since he's had
• 7:35
  Speaker 1: the job, he has pulled off probably the most dazzling,
• 7:40
  Speaker 1: unbelievable military operations in history. The Maduro capture in Venezuela
• 7:48
  Speaker 1: was unbelievable. This is a foreign leader. They kidnapped him
• 7:52
  Speaker 1: out of his bedroom in the middle of the night
• 7:54
  Speaker 1: with all his security around, had him out of the
• 7:56
  Speaker 1: country and on a naval ship within like 10 minutes.
• 8:00
  Speaker 1: It was unbelievable. The rescue operation of that airman who
• 8:06
  Speaker 1: was trapped behind enemy lines in Iran, one of the
• 8:09
  Speaker 1: most dazzling military operations ever in history, Phenomenal. Amazing. I mean,
• 8:16
  Speaker 1: there's a bunch of these things. The taking out of
• 8:19
  Speaker 1: those nuclear plants in Iran. Remember that 37-hour flying bombing?
• 8:24
  Speaker 1: It was amazing. So you've got to give Hexeth credit
• 8:28
  Speaker 1: for stuff like that. You remember the guy before him?
• 8:30
  Speaker 1: Who was that awful defense secretary? Lloyd Austin. You remember
• 8:33
  Speaker 1: the bumbling and fumbling and the withdrawal from Afghanistan that
• 8:38
  Speaker 1: got so many Americans killed? It was so awful. That
• 8:42
  Speaker 1: was the worst military operation in history, so I could
• 8:44
  Speaker 1: see calling for him to be. But whatever you think
• 8:47
  Speaker 1: of Hexeth, he has pulled off the most amazing operations ever. Hey,
• 8:52
  Speaker 1: speaking of that rescue operation, it was the big feature
• 8:54
  Speaker 1: story on 60 Minutes Sunday. And Sunday was the season premiere,
• 9:00
  Speaker 1: the new 60 Minutes. I think it was the 59th season.
• 9:04
  Speaker 1: The 59th season of 60 Minutes. And it was pretty good.
• 9:10
  Speaker 1: They went back to the old formula that 60 Minutes
• 9:13
  Speaker 1: always had, which was a little story about some amazing
• 9:18
  Speaker 1: thing that happened, like in this case, the rescue operation.
• 9:23
  Speaker 1: Then an undercover operation with a hidden camera. And they
• 9:25
  Speaker 1: did that on a bunch of fraud schemes. They caught
• 9:30
  Speaker 1: some people. Actually, it was guys selling pardons or trying
• 9:33
  Speaker 1: to sell pardons. So that was quite an undercover piece.
• 9:36
  Speaker 1: That was really good. And then a celebrity or a
• 9:40
  Speaker 1: sports profile. That was always the formula of 60 Minutes.
• 9:43
  Speaker 1: And it was the number one show on television for decades.
• 9:45
  Speaker 1: So they went back to that formula. Under the last
• 9:49
  Speaker 1: leadership for the last few years, the formula would be
• 9:52
  Speaker 1: attack Trump for the whole 60 Minutes. Find something wrong
• 9:55
  Speaker 1: with Trump for the whole 60 Minutes. But this was
• 9:58
  Speaker 1: back to the old formula. Well, the left-wing people who
• 10:02
  Speaker 1: hate the changes are thrilled. Not at the new 60 minutes.
• 10:07
  Speaker 1: They're thrilled that the ratings weren't so hot. The season
• 10:10
  Speaker 1: premiere only drew 8 million viewers, which is a lot
• 10:13
  Speaker 1: for television nowadays. For television nowadays, that's huge, but only
• 10:17
  Speaker 1: 8 million. It was down 21%. from last year's season premiere.
• 10:22
  Speaker 1: You know, in the good old days, 60 Minutes used
• 10:25
  Speaker 1: to get 50 million, 60 million viewers. But that was
• 10:28
  Speaker 1: television back then. Nothing in television gets anything anymore. And
• 10:32
  Speaker 1: that may explain this drop here. People don't watch network
• 10:35
  Speaker 1: television anymore. In fact, 60 Minutes with its 8 million viewers,
• 10:40
  Speaker 1: that was the most watched show in all of television
• 10:43
  Speaker 1: all week, except for sports. Sports does much better. In fact,
• 10:48
  Speaker 1: you know, there was an NFL game that was the
• 10:51
  Speaker 1: lead-in for 60 Minutes. The NFL game got $ 18. 5 million.
• 10:56
  Speaker 1: $ 18. 5 million. That's the only thing people watch on network TV.
• 11:00
  Speaker 1: Sports can get $ 18 million, $ 20 million. Primetime shows now
• 11:03
  Speaker 1: get $ 3 million, $ 2 million. David Muir, the ABC Evening News,
• 11:08
  Speaker 1: that's the highest-rated show usually. That can get $ 6 million.
• 11:11
  Speaker 1: And as they say, the 60-minute season premiere got $ 8 million.
• 11:14
  Speaker 1: But otherwise, very few people. watching network tv anymore it's
• 11:19
  Speaker 1: 25 million altogether watch network tv am radio 63 million
• 11:25
  Speaker 1: so um hey the emmy awards uh not so great
• 11:29
  Speaker 1: ratings wise not a lot of ratings the last uh
• 11:32
  Speaker 1: decade with the emmys but this year it was down
• 11:34
  Speaker 1: even more down 10 percent from a year ago it
• 11:39
  Speaker 1: was on nbc this year last year cbs but down
• 11:42
  Speaker 1: 10 so it took a big dip in the ratings
• 11:46
  Speaker 1: uh woody allen Believe it or not. You know how
• 11:50
  Speaker 1: old he is? 91. Woody Allen, 91. You got to
• 11:54
  Speaker 1: give the guy credit for one thing. He looks exactly
• 11:56
  Speaker 1: the same. Whether he's 51, 31, 91. He looks exactly
• 12:03
  Speaker 1: the same. Maybe it's because he's wearing the same exact
• 12:06
  Speaker 1: sweater and shirt. The same glasses. But he's 91 now.
• 12:11
  Speaker 1: And going back to work. He's making a new movie.
• 12:13
  Speaker 1: That's right. Clint Eastwood making movies at 95. Woody Allen
• 12:18
  Speaker 1: at 91. Starts shooting his new movie next month. His
• 12:22
  Speaker 1: 51st movie. He shoots in Spain. It's called Madrid. And
• 12:27
  Speaker 1: apparently it's more than a background. Madrid is somehow central
• 12:31
  Speaker 1: to the plot. He's having trouble raising money. A lot
• 12:36
  Speaker 1: of people, after the whole scandal, would not give him
• 12:39
  Speaker 1: any money. Studios wouldn't finance him. The people that usually
• 12:42
  Speaker 1: finance movies wouldn't help him. He had to go around
• 12:45
  Speaker 1: and wine and dine... wealthy people to get some money.
• 12:49
  Speaker 1: That's why he was always with Epstein. He's all through
• 12:51
  Speaker 1: the Epstein files. He was always at Epstein's dinners, lunches.
• 12:56
  Speaker 1: Whenever Epstein had a bunch of starstruck civilians, wealthy people,
• 13:01
  Speaker 1: he'd make Woody Allen come over and sit with them.
• 13:04
  Speaker 1: And in exchange, Epstein would finance his movies. And Woody
• 13:09
  Speaker 1: Allen would also do it, not just to get money
• 13:11
  Speaker 1: from Epstein, but because there were a lot of wealthy
• 13:13
  Speaker 1: people there. And he'd get money out of them. You
• 13:15
  Speaker 1: get these wealthy guys. They're as starstruck as anybody. So
• 13:19
  Speaker 1: that's how he finances the films. Apparently he ran out
• 13:21
  Speaker 1: of people in America. So he's been doing this same
• 13:24
  Speaker 1: routine in France, Europe, other countries there. And he's raised
• 13:29
  Speaker 1: enough money. His last movie was shot in France. In French,
• 13:33
  Speaker 1: no less. Got great reviews. But it was called Coup
• 13:37
  Speaker 1: de Chance. I don't know anybody that remembers this movie.
• 13:41
  Speaker 1: But at least he's back in work. Uh, Hunter Biden
• 13:46
  Speaker 1: trying to make fun of, uh, Don Jr. Uh, for
• 13:51
  Speaker 1: having his wedding paid by a Russian oligarch was a
• 13:54
  Speaker 1: little stupid of Don Jr. Who's a very wealthy guy.
• 13:57
  Speaker 1: Don Jr. He's a billionaire. Certainly can pay for his
• 14:00
  Speaker 1: own wedding, but the wife, the woman he married, I
• 14:03
  Speaker 1: don't know. She's a little sleazy. She's a, they call
• 14:06
  Speaker 1: her a Palm beach socialite, which usually means sleazy. Uh,
• 14:10
  Speaker 1: she was the one that did this, uh, and you know,
• 14:13
  Speaker 1: whatever your wife wants, it's tough to argue, but the
• 14:16
  Speaker 1: wife's friends with this Russian oligarchy, it wasn't that much.
• 14:21
  Speaker 1: It was a tiny wedding, you know, like 50 people
• 14:26
  Speaker 1: cost a couple of hundred thousand. So the Russian oligarch
• 14:28
  Speaker 1: paid for it. I think it was on his, like
• 14:31
  Speaker 1: an Island that he owned, which is probably why he
• 14:33
  Speaker 1: paid for it. Bring attention to the Island. But, um,
• 14:36
  Speaker 1: there were a firework show. It wasn't, it was not
• 14:39
  Speaker 1: an elaborate wedding, but you still shouldn't have the guy
• 14:42
  Speaker 1: pay for it. It didn't look good. And then, You
• 14:43
  Speaker 1: know the media is going to go nuts and they
• 14:46
  Speaker 1: try to make it sound like the Russian oligarch with
• 14:48
  Speaker 1: ties to Putin. This guy has no ties to Putin.
• 14:52
  Speaker 1: He's a very wealthy guy in Russia. He's met Putin.
• 14:54
  Speaker 1: He's donated. Those are the ties. But it looks stupid.
• 15:00
  Speaker 1: You're a wealthy guy, Don Jr. You can pay for it.
• 15:03
  Speaker 1: But Hunter Biden trolling him. He said, Hunter says, I
• 15:06
  Speaker 1: got married on the rooftop of an apartment building. It
• 15:09
  Speaker 1: was much cooler. Well, If you're looking for lifestyle advice,
• 15:13
  Speaker 1: I don't think I'd copy Hunter Biden. But these two
• 15:17
  Speaker 1: guys like to pick on each other. And remember, this
• 15:20
  Speaker 1: is Hunter Biden, who's no model son either. This is
• 15:25
  Speaker 1: the guy that dated and slept with his brother's widow.
• 15:30
  Speaker 1: This is not a guy you want to copy. Anyway,
• 15:32
  Speaker 1: we've got a lot to get to. We'll take some
• 15:33
  Speaker 1: calls next. 800-321-0710 is the number. 800- 321-0710.
• 15:42
  Speaker 4: What's better than two hours of Mark Simone?
• 15:46
  Speaker 1: Three.
• 15:46
  Speaker 4: The Mark Simone Show. Now nine till noon weekdays.
• 15:51
  Speaker 3: 710WOR.
• 15:51
  Speaker 1: Hey, we'll take some calls. We always like new callers, too,
• 15:58
  Speaker 1: if you've never called us before. 800-321-0710 is the number.
• 15:59
  Speaker 3: 800-321-0710.
• 16:07
  Speaker 1: 0-7-10. Let's go to Sebastian in Connecticut. Sebastian, how you doing?
• 16:13
  Speaker 2: Hi, Mark. I apologize for yesterday. It was a bad connection.
• 16:16
  Speaker 2: Thanks for taking the call. Yeah, I was trying to
• 16:18
  Speaker 2: talk to you about the campaign ad that Lamont put
• 16:22
  Speaker 2: out against Fazio.
• 16:23
  Speaker 1: Yeah.
• 16:24
  Speaker 2: Where he's got the pastor from Norwalk. And in the ad,
• 16:28
  Speaker 2: he says that they're being terrorized and they're picking on
• 16:33
  Speaker 2: black and brown people at the church and so on
• 16:35
  Speaker 2: and so on. And if somebody can get through to
• 16:39
  Speaker 2: Fazio and have them come back with a counter, uh,
• 16:43
  Speaker 2: ad where they can show Don Lemon actually terrorizing a
• 16:47
  Speaker 2: church on a Sunday morning.
• 16:49
  Speaker 1: I gotta be honest with you. You're a nice guy.
• 16:51
  Speaker 1: Don't open an advertising agency, whatever you do. You're not
• 16:54
  Speaker 1: exactly Don Draper here with the ads.
• 16:55
  Speaker 3: Oh, no.
• 16:56
  Speaker 2: Okay. I apologize. It'd be nice to see.
• 17:00
  Speaker 1: A counter, you know, actually, um, But Ryan Fazio, what
• 17:04
  Speaker 1: we're talking about is the race for governor in Connecticut.
• 17:06
  Speaker 1: Ned Lamont, who's seeking a third term, which is never
• 17:10
  Speaker 1: a good idea. Third terms never work out. Lamont was
• 17:14
  Speaker 1: a businessman, a very successful businessman. As governor, he was
• 17:18
  Speaker 1: pretty good the first term. Second term, he went a
• 17:20
  Speaker 1: little too woke and crazy and pandering to the left
• 17:24
  Speaker 1: too much. And he's not been the best governor. But, no,
• 17:27
  Speaker 1: you're right. Fazio, Ryan Fazio is the Republican candidate. He's
• 17:31
  Speaker 1: the guy I'd go for. He's a moderate Republican, but
• 17:34
  Speaker 1: he's very, very good.
• 17:36
  Speaker 2: Yeah, but my point is Don Lemon goes in with Churchill.
• 17:41
  Speaker 1: I'm begging you. I'm begging you. Stop mentioning Don Lemon.
• 17:43
  Speaker 1: Enough with the Don Lemon.
• 17:44
  Speaker 3: Okay.
• 17:44
  Speaker 1: Nobody cares about Don Lemon. It's not going to mean
• 17:47
  Speaker 1: anything in Connecticut.
• 17:48
  Speaker 2: I know. And by the way, Mark, how many Scandinavian
• 17:52
  Speaker 2: blue-eyed blondes from Sweden or Norway crossed the border? Oh.
• 17:58
  Speaker 1: You'd have to swim. It's quite a swim. We don't
• 18:02
  Speaker 1: have a border with Norway. Anyway.
• 18:04
  Speaker 3: All right.
• 18:04
  Speaker 2: Thanks for taking the call.
• 18:06
  Speaker 1: You're the truck driver, right? I think the fumes are
• 18:07
  Speaker 1: getting to you.
• 18:08
  Speaker 3: Yes.
• 18:09
  Speaker 1: Do me a favor. Roll down the window when you're driving.
• 18:11
  Speaker 1: The fumes are getting to you.
• 18:13
  Speaker 3: Okay.
• 18:13
  Speaker 2: All right.
• 18:14
  Speaker 1: Thanks for calling. Actually, I had dinner with Don Lemon
• 18:18
  Speaker 1: once in Connecticut. I don't get mad. It was Clive
• 18:21
  Speaker 1: Davis who showed up with him. They were very close.
• 18:24
  Speaker 1: But as Don Lemon walked into the restaurant, crowded restaurant,
• 18:28
  Speaker 1: as he walked through the room, nobody knew who the
• 18:32
  Speaker 1: hell he was. Nobody. You remember, the guy had like
• 18:35
  Speaker 1: 400,000 viewers. It was a low-rated show. That's why they
• 18:38
  Speaker 1: got rid of him. But running an ad with Don
• 18:41
  Speaker 1: Lemon is not going to mean anything to anybody. But
• 18:44
  Speaker 1: that Ryan Fazio, he's the Republican nominee, Governor of Connecticut.
• 18:48
  Speaker 1: He'd be a good choice. He's been in the legislature
• 18:50
  Speaker 1: for years. Very common sense, sharp guy. Definitely, definitely the
• 18:55
  Speaker 1: guy you should vote for. Let's go to Kay in Manhattan. Kay,
• 18:59
  Speaker 1: how are you doing?
• 19:01
  Speaker 5: Well, thank you, Mark.
• 19:03
  Speaker 1: Are you sure?
• 19:05
  Speaker 5: Yes, I'm sure. I'd just like to say in regards
• 19:10
  Speaker 5: to AI and the panic that the Democrats are drumming
• 19:15
  Speaker 5: up about it, If they win, they will embrace AI.
• 19:21
  Speaker 5: They will make as much money as they can from it.
• 19:25
  Speaker 1: Well, they already do. This cartel, these AI companies, they're
• 19:30
  Speaker 1: huge Democratic donors already. They're all Democrats. In fact, they've
• 19:34
  Speaker 1: staffed their companies with a lot of Democrats and a
• 19:38
  Speaker 1: lot of Obama people are in there, in these companies.
• 19:41
  Speaker 1: What is that noise, Kay?
• 19:45
  Speaker 2: Oh, it's a siren.
• 19:46
  Speaker 3: Oh.
• 19:47
  Speaker 1: Are they after you?
• 19:48
  Speaker 5: We live in Manhattan, yes.
• 19:49
  Speaker 1: They're after you yeah you sound like a troublemaker you
• 19:52
  Speaker 1: sound like a i could see them coming anyway how
• 19:56
  Speaker 1: old are you kay i shouldn't ask that that's not
• 19:58
  Speaker 1: a good question um older you're an older woman an
• 20:01
  Speaker 1: older one no you don't have to answer you don't.
• 20:02
  Speaker 5: Have to answer well you don't you never ask a
• 20:05
  Speaker 5: lady her age absolutely it's.
• 20:07
  Speaker 1: Very stupid of me but you sound like a very
• 20:09
  Speaker 1: nice woman All right, Kay. Stay out of trouble. All right.
• 20:13
  Speaker 3: Talk to you later.
• 20:14
  Speaker 1: Let's go to Rusty in Florida. Rusty, how you doing?
• 20:18
  Speaker 4: Good, Mark.
• 20:19
  Speaker 1: I'm doing great.
• 20:19
  Speaker 3: How are you doing?
• 20:20
  Speaker 1: First time caller. Very good.
• 20:23
  Speaker 3: Democrats, what they're afraid of is AI is going to
• 20:26
  Speaker 3: end them. That's what it's going to end.
• 20:28
  Speaker 1: Yeah, no, no. They're not afraid of anything. It's the
• 20:31
  Speaker 1: new climate change. People aren't buying the climate change crisis
• 20:34
  Speaker 1: anymore because They've been telling you for 30 years we're
• 20:36
  Speaker 1: going to be underwater. The glacier will melt. Nothing happened.
• 20:39
  Speaker 1: In fact, the opposite. So this is the new climate change.
• 20:42
  Speaker 1: AI is going to kill everybody. Where are you in Florida?
• 20:45
  Speaker 2: Fort Lauderdale.
• 20:46
  Speaker 3: It's going to be harder for them to lie, though.
• 20:50
  Speaker 1: Well, both, you know, Republicans lie just as much. Politicians,
• 20:54
  Speaker 1: they all lie. That's what they do for a living. Yes,
• 20:57
  Speaker 1: they do. Good point. Thanks for calling. You know, it's funny.
• 21:01
  Speaker 1: If you lie to Congress, if you go... speak and
• 21:04
  Speaker 1: testify in Congress. If you lie, they'll put you in jail.
• 21:08
  Speaker 1: But if the congressman lies to us, nothing happens.
• 21:11
  Speaker 3: Nothing.
• 21:12
  Speaker 1: How many times has Adam Schiff been caught lying? How
• 21:15
  Speaker 1: many times has Roe Kahn have been caught lying? There's
• 21:18
  Speaker 1: no bigger liar on earth than Richard Blumenthal. This guy
• 21:22
  Speaker 1: lied about serving in Vietnam. He's gotten caught in a million.
• 21:25
  Speaker 1: Nothing happens. So the law is if you lie to Congress,
• 21:30
  Speaker 1: you go to jail. If they lie to you, Nothing.
• 21:33
  Speaker 1: You know, in fact, the law actually is you cannot
• 21:37
  Speaker 1: sue anybody. They don't even face civil charges. You can't
• 21:41
  Speaker 1: sue anybody for anything they say in Congress. Remember when
• 21:46
  Speaker 1: Harry Reid made up that lie about he was trying
• 21:48
  Speaker 1: to stop Romney and on the Senate floor he said
• 21:50
  Speaker 1: Romney has evaded taxes. He hasn't paid his taxes in years. Well,
• 21:54
  Speaker 1: there was no truth to that at all. But Romney
• 21:57
  Speaker 1: couldn't do anything about it. You can't sue for what
• 21:59
  Speaker 1: they say in Congress. That's the law. It's crazy. I know.
• 22:03
  Speaker 1: But Romney was a terrible candidate. He should have been
• 22:06
  Speaker 1: on TV that moment saying, come outside and say that
• 22:09
  Speaker 1: on the steps outside the building. Say it here. That
• 22:13
  Speaker 1: would have been the perfect comeback. Anyway, when we come back,
• 22:16
  Speaker 1: the Fed rate will be announced. Everybody's expecting an increase.
• 22:20
  Speaker 1: It'll be announced at 2 o'clock today. We've got the
• 22:22
  Speaker 1: best guy in the world on the subject. John Carney,
• 22:25
  Speaker 1: the best business editor in the world, Breitbart Business. We'll
• 22:29
  Speaker 1: talk to him next on 710WOR. Welcome back to The
• 22:34
  Speaker 1: Mark Simone Show.
• 22:35
  Speaker 4: Live from the WOR LifeVac studios.
• 22:40
  Speaker 1: Well, John Carney, the editor of the Breitbart Business Digest,
• 22:44
  Speaker 1: which is a very important thing to read every day.
• 22:47
  Speaker 1: The smartest people, Larry Kudlow, Scott Besant, they say it's
• 22:50
  Speaker 1: the first thing they read every morning. The Breitbart Business Digest.
• 22:54
  Speaker 1: You can get it. It's free. Just go to Breitbart.com.
• 22:58
  Speaker 1: Go to newsletters. Sign up for the Breitbart Business Digest.
• 23:01
  Speaker 1: And here's the editor, John Carney. How are you doing?
• 23:06
  Speaker 2: Very good.
• 23:07
  Speaker 3: Thanks for having me, Mark.
• 23:08
  Speaker 1: Hey, 2 o'clock today, they'll announce the new rate. Kevin Warsh,
• 23:14
  Speaker 1: first time. What are we thinking, a quarter of a point?
• 23:19
  Speaker 3: Yeah, it's almost certainly going to be a quarter of
• 23:22
  Speaker 3: a point hike. I don't think they'll want to go
• 23:25
  Speaker 3: more than that. Market is pricing in a quarter of
• 23:28
  Speaker 3: a point hike. Maybe... one or two more by the
• 23:32
  Speaker 3: end of the year, but they won't want to deliver
• 23:34
  Speaker 3: a shock either by not hiking or by overdoing it
• 23:39
  Speaker 3: all at once. I think they'd go just a quarter point.
• 23:42
  Speaker 3: All right.
• 23:42
  Speaker 1: Let me ask you all the dumb questions people ask,
• 23:44
  Speaker 1: including me. If you have inflation, why would you want
• 23:49
  Speaker 1: to rate hike?
• 23:51
  Speaker 3: Right. Well, so the basic reason is And again, this
• 23:55
  Speaker 3: is a little bit complicated because monetary policy really does
• 24:00
  Speaker 3: work like a complicated contraption. But when interest rates are higher,
• 24:08
  Speaker 3: people borrow less money for all sorts of business projects.
• 24:15
  Speaker 3: And some more money goes into owning bonds rather than
• 24:19
  Speaker 3: investing in businesses, right? The effect of that is to
• 24:25
  Speaker 3: lower demand across the economy. At least that's the theory.
• 24:29
  Speaker 3: So you raise rates and you basically slow the economy
• 24:33
  Speaker 3: a little. That hopefully brings down inflationary pressure.
• 24:38
  Speaker 1: Now, there are people listening saying, well, it's going to
• 24:40
  Speaker 1: make it more expensive to get a mortgage. Is that true?
• 24:44
  Speaker 3: I don't think that that can be true when the
• 24:46
  Speaker 3: Fed raises rates. I don't think it'll be true right
• 24:49
  Speaker 3: now because we've actually already seen mortgage rates climb. And
• 24:53
  Speaker 3: so the actual hike, because people believe that the Fed
• 24:57
  Speaker 3: eventually will have to hike. So the actual hike, I
• 25:02
  Speaker 3: don't think will do very much to mortgages. It may
• 25:05
  Speaker 3: even bring down longer term mortgage rates and longer term
• 25:09
  Speaker 3: interest rates across the board. Because people will say, okay,
• 25:13
  Speaker 3: If the Fed is addressing inflation now, it may not
• 25:17
  Speaker 3: have to hike as much in the future, and the
• 25:20
  Speaker 3: long rates will come down with mortgages. Huh. All right.
• 25:23
  Speaker 1: Now, here's the other stuff. We love Kevin Warsh. We
• 25:27
  Speaker 1: both know him. Good guy. He's going to announce at
• 25:30
  Speaker 1: 2 p.m. And then it says at 2.30, he's going
• 25:33
  Speaker 1: to hold a press conference. I thought he was going
• 25:35
  Speaker 1: to end that tradition of these press conferences.
• 25:39
  Speaker 3: Yeah, he would like to. I don't know if he'll
• 25:42
  Speaker 3: end it entirely. He does not want to have press
• 25:45
  Speaker 3: conferences at the end of every meeting. That was a
• 25:48
  Speaker 3: tradition started during the financial crisis, never used to happen.
• 25:53
  Speaker 3: He wants to, he thinks that you should really only
• 25:55
  Speaker 3: have a press conference when you have something important or
• 25:58
  Speaker 3: new to talk about. And so, but he did say, look,
• 26:04
  Speaker 3: we've been doing press conferences every meeting for a while now.
• 26:08
  Speaker 3: I'm going to keep doing it until the end of
• 26:11
  Speaker 3: the year, and then I'm going to evaluate what should
• 26:14
  Speaker 3: be done. He also has all these task forces that
• 26:17
  Speaker 3: he's assembled to try to figure out what the right
• 26:21
  Speaker 3: way for the Fed to communicate going forward is. He's
• 26:25
  Speaker 3: very focused on the idea that we changed things a
• 26:29
  Speaker 3: lot back when we had to drop interest rates to
• 26:32
  Speaker 3: zero because the economy was collapsing, because Wall Street blew
• 26:36
  Speaker 3: everything up. And that we should be– we're not in
• 26:39
  Speaker 3: that situation anymore. We should be rethinking how we do it.
• 26:42
  Speaker 3: But he doesn't want to– you know, it would be
• 26:44
  Speaker 3: too much of a shock if he just said, you
• 26:45
  Speaker 3: know what, I'm not having press conferences anymore at all.
• 26:48
  Speaker 3: So we're going to get a couple more this year,
• 26:50
  Speaker 3: and then we'll see what happens next year.
• 26:53
  Speaker 1: Yeah, that's a good point. He could spook the market
• 26:54
  Speaker 1: by not doing it. Hey, these AI companies, the big four,
• 27:00
  Speaker 1: the cartel, screaming for– please regulate us. What is that
• 27:04
  Speaker 1: all about?
• 27:04
  Speaker 2: Yeah.
• 27:06
  Speaker 3: Yeah, so it is a very well-known thing that businesses do.
• 27:12
  Speaker 3: Some people are saying, well, businesses usually don't want to
• 27:16
  Speaker 3: be regulated. That's actually wrong. Very often, we have seen many,
• 27:19
  Speaker 3: many times over the last 150 years, basically since the
• 27:23
  Speaker 3: birth of the regulatory state, Businesses attempt to become regulated
• 27:28
  Speaker 3: because they want to create anti-competitive moats around their way
• 27:33
  Speaker 3: of doing it. So if you can make it really
• 27:36
  Speaker 3: expensive to do it and get all the regulations in
• 27:40
  Speaker 3: place that help your business or don't hurt it that much...
• 27:44
  Speaker 3: then you're actually making it so that it's really hard
• 27:47
  Speaker 3: to compete with you. As you put it, you make
• 27:51
  Speaker 3: a cartel. So we'll have a cartel of two or
• 27:54
  Speaker 3: three of the biggest companies, and everybody else will get
• 27:56
  Speaker 3: squeezed out. That's a big part of what's going on.
• 27:59
  Speaker 1: Yeah, so this handful of companies controls all the AI.
• 28:02
  Speaker 1: In other words, they want to close the fence now,
• 28:05
  Speaker 1: shut the gates so nobody else can get in this.
• 28:08
  Speaker 3: Yeah, that's right. And, you know, they have a point.
• 28:12
  Speaker 3: There are real risks. But their way of regulating things
• 28:15
  Speaker 3: is probably wrong. I'm going to have on Breitbart Business
• 28:19
  Speaker 3: Digest a much cleaner solution that doesn't create these kind
• 28:24
  Speaker 3: of regulatory gates around the industry, but also highly incentivizes
• 28:31
  Speaker 3: the big companies in particular to make sure that their
• 28:35
  Speaker 3: product is safe. Yeah.
• 28:38
  Speaker 1: Hey, you wrote about this. Everybody thinks retail is dead.
• 28:41
  Speaker 1: It's dying. Retail sales are actually higher, aren't they?
• 28:46
  Speaker 3: Yeah, they're booming. It is a lot. So the background
• 28:50
  Speaker 3: here is a lot of people thought, like, look, gas
• 28:52
  Speaker 3: prices have gone up. They're really high. That should hurt
• 28:57
  Speaker 3: sales elsewhere in the economy. You know, every dollar you
• 28:59
  Speaker 3: spend put into your gas tank is a dollar less
• 29:02
  Speaker 3: you have to spend at a restaurant. That's the theory
• 29:06
  Speaker 3: that frankly, I buy that theory. The problem is it's
• 29:10
  Speaker 3: not happening. The American consumers are saying, no, we're fine. Uh,
• 29:15
  Speaker 3: when you look at, so there's a category, they call
• 29:19
  Speaker 3: it food services and drinking places, bars and restaurants is
• 29:21
  Speaker 3: what the rest of us would call it. Uh, that's
• 29:25
  Speaker 3: highly discretionary. If people are running out of money, that's
• 29:27
  Speaker 3: one of the first places you start to see it
• 29:30
  Speaker 3: go down. Um, It's up 1.2% just in the month.
• 29:38
  Speaker 3: And year over year, it's up 4.2%. up 4.2%. So
• 29:40
  Speaker 3: people are spending on the most discretionary categories and spent
• 29:44
  Speaker 3: a lot more in August. I don't, that's not a
• 29:48
  Speaker 3: consumer that is in pain.
• 29:51
  Speaker 2: Wow.
• 29:51
  Speaker 1: Hey, but oil now $ 103 a barrel, Brent crude $ 106
• 29:55
  Speaker 1: a barrel. We can't keep that up for very long,
• 29:56
  Speaker 1: can we?
• 30:01
  Speaker 3: No, that is really too high. It needs to come down.
• 30:08
  Speaker 3: The latest impetus to it was not the Strait of Hormuz,
• 30:11
  Speaker 3: but the other strait that connects the Red Sea. That's
• 30:14
  Speaker 3: where the pipelines were going. That was going to be
• 30:16
  Speaker 3: the workaround. Now we have these maniac Houthis who are
• 30:21
  Speaker 3: high on the plant they call Kot, and they have RPGs,
• 30:25
  Speaker 3: and they have shut down the other missiles that they
• 30:30
  Speaker 3: got from Iran. It's the same problem. It's just a
• 30:34
  Speaker 3: different group of Iranian-backed maniacs. They've now caused the problem
• 30:43
  Speaker 3: in the other strait. These bottlenecks are driving up the prices.
• 30:48
  Speaker 3: It needs to come down one way or the other.
• 30:51
  Speaker 3: It will eventually put a lot of strain on the economy.
• 30:55
  Speaker 3: But as I said, right now, I mean, gas prices,
• 31:02
  Speaker 3: as everybody listening to this knows, if you drive, gas
• 31:06
  Speaker 3: prices went up a lot in August. And the gas
• 31:09
  Speaker 3: station sales were up 3.2%. That's not because people wanted
• 31:13
  Speaker 3: to buy more. Yeah, yeah. Well, because that includes the
• 31:16
  Speaker 3: gas itself.
• 31:18
  Speaker 1: Wow.
• 31:18
  Speaker 3: Right? So people spent a lot more at gas stations
• 31:23
  Speaker 3: in August. Sorry, 3.1%. Don't want to mislead anybody, but 3.1% up.
• 31:29
  Speaker 3: And that still did not stop people from spending elsewhere
• 31:37
  Speaker 3: in the economy. I think eventually it will if they
• 31:39
  Speaker 3: stay that high. And by the way, even if right now,
• 31:43
  Speaker 3: it's a pretty big political problem for Republicans. People voted
• 31:48
  Speaker 3: against Biden in large part because they didn't like inflation
• 31:51
  Speaker 3: and because gas prices were too high. Donald Trump ran
• 31:54
  Speaker 3: on an energy abundance. High gasoline prices are bad for
• 31:59
  Speaker 3: the brand of Republicans.
• 32:01
  Speaker 1: Yeah. Well, John Carney, great stuff. You always are able
• 32:04
  Speaker 1: to explain everything brilliantly. Everybody read Breitbart Business Digest. You
• 32:09
  Speaker 1: can get it. It's free. Just go to Breitbart.com. Go
• 32:12
  Speaker 1: to newsletters.com. Click on the business side. Just sign up
• 32:15
  Speaker 1: for it. It'll come free every day to your email.
• 32:18
  Speaker 1: John Carney, great stuff. Thanks for being with us.
• 32:22
  Speaker 2: Yeah, thanks, Mark.
• 32:22
  Speaker 1: All right. Take care. Hey, it's Wednesday already. We got
• 32:28
  Speaker 1: a lot coming up, a lot to get to. And
• 32:30
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• 32:33
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• 32:36
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• 32:55
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• 32:56
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• 33:00
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• 33:07
  Speaker 1: Well, hey, a nice day today. It'll be in the
• 33:10
  Speaker 1: 80s and sunny for the next three days. And then
• 33:13
  Speaker 1: on the weekend, it's the first time I heard him
• 33:15
  Speaker 1: use this expression in a weather forecast. It said fall-like temperatures. Yeah,
• 33:21
  Speaker 1: it's going to be like 70 will be the high
• 33:23
  Speaker 1: on Saturday, 71 on Sunday. So it's going to be
• 33:26
  Speaker 1: a cool weekend. And then autumn officially begins a week
• 33:30
  Speaker 1: from today. A week from today will be the first
• 33:32
  Speaker 1: day of fall. Hey, we got a lot to get
• 33:35
  Speaker 1: to in the next hour. It's three hours, nine to
• 33:37
  Speaker 1: noon every day here on 710WOR.