Latest / The Hugh Hewitt Show: Highly Concentrated / The Alex Marlow Show - Could Trump Bring Freedom to Cuba?

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The Alex Marlow Show - Could Trump Bring Freedom to Cuba? · The Hugh Hewitt Show: Highly Concentrated

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  Speaker 1: Today's show sponsored by Lear Capital, the precious metals leader
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  Speaker 1: since nineteen ninety seven and only company I trust and
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  Speaker 1: recommend to my family, friends and viewers. Visit Lear alex
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  Speaker 1: dot com. Okay, ladies and gentlemen, super cool podcast for
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  Speaker 1: you today. We're doing something a little different with the
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  Speaker 1: format because the live radio show today did incorporate two
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  Speaker 1: snippets of longer interviews, one of which showed up on
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  Speaker 1: my podcast feed with Amomichael earlier this week, which all
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  Speaker 1: of you should check out. We go deep dive into
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  Speaker 1: AI and the Department of Worth what they're doing to
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  Speaker 1: make sure that we are utilizing AI to the best
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  Speaker 1: of our ability, but also we are not allowing the
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  Speaker 1: masters of the universe in Silicon Valley to control our Pentagon.
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  Speaker 2: Super fascinating stuff.
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  Speaker 1: And also we start getting into a dive on Medicare
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  Speaker 1: and things that people might be older in the audience,
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  Speaker 1: what you might need to know to protect yourself and
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  Speaker 1: to make sure that you're getting the best benefits that
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  Speaker 1: you deserve. And so all of that is first of all,
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  Speaker 1: the Ablemichael interview. A couple of shows back. The rest
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  Speaker 1: of that Medicare interview, we're going to play that today,
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  Speaker 1: But before I get into that, I got a couple
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  Speaker 1: other big things. We're going to use my opening monologue
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  Speaker 1: and my longer segment, my third block from today's radio show,
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  Speaker 1: where we start off with a explanation of what's going
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  Speaker 1: on in the economy. We get some pretty not good
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  Speaker 1: data from GDP this morning as we're recording. I bring
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  Speaker 1: all that down, try to find some silver linings and
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  Speaker 1: make some warnings in there. But then I do some
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  Speaker 1: more variety for you, some donkey and Liz Warren, some
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  Speaker 1: donkey on Bruce Springsteen, some donkey and Greta Thunberg who
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  Speaker 1: resurfaced to go to bat for the communisticators of Cuba.
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  Speaker 1: All of that in today's show, plus an interview with
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  Speaker 1: John Karney where we really get into the economy. So
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  Speaker 1: just the absolute best, my economic and finance editor of
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  Speaker 1: Bright Part News. So again, Marlow Karney and then a
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  Speaker 1: medicare deep dive all on today's show. But before we
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  Speaker 1: get into it, I want to welcome back to the
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  Speaker 1: show Preborn. You guys know how enthusiastic I am about Preborn.
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  Speaker 1: this campaign off to a great start. Preboard dot com
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  Speaker 1: slash Marlowe. Let's get into it with me.
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  Speaker 3: Ready to break the narrative, get the real story with
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  Speaker 3: no filters and no apologies, cut through the noise with
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  Speaker 3: real conversation, real conviction, and real news. It's time for
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  Speaker 3: truth without spin. It's the Alex Marlow Show.
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  Speaker 1: This is the Marlow Show. We got a big show
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  Speaker 1: for you today. We get a heavy slate here. We've
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  Speaker 1: got some interviews coming up. One of them is a
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  Speaker 1: little stimpet of my latest podcast where I speak to Amolmichael,
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  Speaker 1: who is the Undersecretary of War, who's honestly one of
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  Speaker 1: the smartest guys I think I've had in the show
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  Speaker 1: in a while. He was a top executive, a new bird,
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  Speaker 1: and he's down that tight knit group that runs the Pentagon,
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  Speaker 1: and we get into all sorts of stuff on AI
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  Speaker 1: throws down really hard on anthropic and explains why the
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  Speaker 1: Pentagon is basically cutting them off. Pre studying details there.
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  Speaker 1: So we'll share that with you. But the interview will
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  Speaker 1: be my podcast feed. But I'm gonna be releasing a
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  Speaker 1: couple of new podcasts over the weekend. I've got to
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  Speaker 1: sit down with Emma Joe Morris, I've got John Carney
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  Speaker 1: coming in. I've got some others as well. I've got
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  Speaker 1: a Heroin Pilot Helicopter Pilot coming in as well, I
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  Speaker 1: Amber Smith. So a lot of good stuff that populates
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  Speaker 1: the weekend shows. Those of you watch Sale News Channel,
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  Speaker 1: those will probably pop up there as well. As I'm
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  Speaker 1: on seven days a week on the Sale News Channel.
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  Speaker 1: It's kind of fun. Got a lot going on here,
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  Speaker 1: all right. I think I do some of that teas
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  Speaker 1: at the start because I'm opening with some not good news.
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  Speaker 2: Again, this has been sort of a trend.
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  Speaker 1: GDP numbers today the big news revised downward. This is
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  Speaker 1: basically we're seeing lower economic action all around, and we're
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  Speaker 1: approaching no growth, so we're to growth. I think was
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  Speaker 1: Q four revised down two point seven percent. Core inflation
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  Speaker 1: at three point one p which is not a horrible
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  Speaker 1: number in a vacuum. But again, the goal and the
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  Speaker 1: promise from Treasury Secretary, which I spoke to him about
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  Speaker 1: in December, is trying to get that number pretty close
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  Speaker 1: to zero by the summer. And the summer is coming up.
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  Speaker 1: So we got just you know, quarter, I guess technically
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  Speaker 1: two quarters to go to see if that's going to happen.
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  Speaker 2: And a lot of this is going to get boosted.
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  Speaker 1: There's going to be some bounce backs that occur after
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  Speaker 1: we get some of these. The year gets going and
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  Speaker 1: the government, which is still partially shut down, gets going.
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  Speaker 1: And part of it's also because the third quarter was
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  Speaker 1: super strong, but the Q four number is very very weak.
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  Speaker 1: Also personal spending weeker which shows some insecurity, which is
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  Speaker 1: both not great for the economy and also a bad
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  Speaker 1: sign those of you who are trying to read key
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  Speaker 1: leaves to see where this puts us coming towards November
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  Speaker 1: and the elections there. So with holdings are going to
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  Speaker 1: go down based on the Trump tax cuts, I think
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  Speaker 1: that's going to be a nice boost for pe people.
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  Speaker 1: So people are starting to see that pop up, and
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  Speaker 1: I think that's a positive. And then we're also going
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  Speaker 1: to get these huge rebate checks the.
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  Speaker 2: What's the expression for it.
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  Speaker 1: I would have had one of these in the year or so,
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  Speaker 1: for instance, they started out small businesses, but when you
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  Speaker 1: get your tax rebate in after April tax filing, so
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  Speaker 1: that's going to come back this summer. That's also going
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  Speaker 1: to make things pop. So we got some aces up
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  Speaker 1: our sleeve here. But with this new war and with
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  Speaker 1: that strong Q three government shut down and some general
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  Speaker 1: bad vibes in the economy, we're seeing a lot of
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  Speaker 1: pretty negative numbers. Oil prices eased before the show today,
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  Speaker 1: But these GDP numbers also could suggest that the Fed
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  Speaker 1: could cut rates earlier, which could also be a positive.
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  Speaker 1: I want to see those rates come down a little
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  Speaker 1: bit more. Just from my experience analyzing economics, I think
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  Speaker 1: that would be a positive thing. We know Kevin worsh
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  Speaker 1: who's the phednominee, wants to cut rates as well, so
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  Speaker 1: this could prompt that happening sooner rather than later. All
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  Speaker 1: that could be good, but we were looking to be
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  Speaker 1: in a better spot. The state of the is overall,
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  Speaker 1: I still think it's strong, but we need stronger in
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  Speaker 1: a year where we have a very unfavorable slate of
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  Speaker 1: electoral issues. We want people feeling good. And then this
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  Speaker 1: is a not something that we would have expected. We
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  Speaker 1: wouldn't have expected these types of numbers, and the fact
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  Speaker 1: that we're seeing, you know, war is probably mostly not helpful.
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  Speaker 1: Though I will say I will say that the war
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  Speaker 1: does help the war industry, which is sort of bittersweet
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  Speaker 1: right now because I don't typically like helping out the
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  Speaker 1: war industry that much. But again, we also want the
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  Speaker 1: Conservatives to win in November, and anything that pops the
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  Speaker 1: economy is probably a positive in general, not a reason
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  Speaker 1: to carry out wars, but just a positive thing. Really
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  Speaker 1: interesting to track some of the Iraq the Iran war
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  Speaker 1: right now, which is we're still looking at the Straight
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  Speaker 1: and the Strait is the big thing that we've seen
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  Speaker 1: where we've seen a lot of that oil from Iran
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  Speaker 1: flow freely to try in Russia and ships that are
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  Speaker 1: taking oil tankers to the West are just they're basically stopped.
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  Speaker 1: And it seemed very easy for Iran to do that,
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  Speaker 1: and so that has not been resolved. I mentioned that
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  Speaker 1: on yesterday's show. This is the urgent thing, the most
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  Speaker 1: urgent thing to do, and when you start seeing the
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  Speaker 1: President truth bombing that high oil prices are a good
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  Speaker 1: thing does embode great. The next thing that we're also
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  Speaker 1: looking at is whether or not Trump's a sort of
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  Speaker 1: I guess regime change kick that he's on, which is,
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  Speaker 1: but he hasn't seen them through we haven't really seen
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  Speaker 1: regime change in Venezuela, we haven't really seen it in Iran,
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  Speaker 1: but try to take out some of the bad guys
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  Speaker 1: who wish to do Americans harm. The next thing that
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  Speaker 1: people are looking at is Cuba, and this is very
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  Speaker 1: interesting because Cuba there are negotiations taking place, which is
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  Speaker 1: this is very big. I don't think people quite see this.
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  Speaker 1: We have a ton of Cuba reportage at Brightboard News.
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  Speaker 1: Francis Martel, our World editor, as I believe, is one
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  Speaker 1: of the media's experts in the entire world on the subject.
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  Speaker 1: She briefed me on some of this this morning, and
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  Speaker 1: she's saying, Cuba showing huge signs of weakness, the fact
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  Speaker 1: that they've already sat down at the table with Trump's people.
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  Speaker 1: They just don't want to be bombed. That's the whole
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  Speaker 1: point of Trump's surprise attack. That's the bottom line with
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  Speaker 1: the Cuban regime. They don't want to get bombed, and
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  Speaker 1: so they'll probably have to soften wildly or else you
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  Speaker 1: could see a regime change there. And it sounds like
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  Speaker 1: the demands coming out of Rubio State Department is probably
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  Speaker 1: regime change, certainly something more democratic, certainly freeing a bunch
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  Speaker 1: of prisoners, and Cuba's already freeing some political prisoners. From
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  Speaker 1: what we're able to glean, this is a big thing
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  Speaker 1: and it's going to get really pushed far down the headlines.
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  Speaker 1: I'd be shocked if you heard that anywhere else today,
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  Speaker 1: and it might be one of the biggest stories going
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  Speaker 1: Keep in mind, Cuba is essentially a de facto China
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  Speaker 1: and Russia spy base. A lot of the world's best spies,
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  Speaker 1: aside from you know, the American Israeli spies, a lot
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  Speaker 1: of the best spies on earth come from Cuba, and
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  Speaker 1: a lot of them are tied to China and Russia.
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  Speaker 1: This has been a big thing, and it feels like
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  Speaker 1: we've got some real potential to do a lot of
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  Speaker 1: good without perhaps firing a single shot. But think about this,
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  Speaker 1: We're gonna get Gaza Lago going right because of the
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  Speaker 1: Middle East piece. Now can you picture Havana Lago? Could
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  Speaker 1: you picture open up those casinos. I think the Cuban
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  Speaker 1: government would want that. I think could you imagine, because
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  Speaker 1: it's such great real estate. It really is not to
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  Speaker 1: be tongue in cheek here. But I'll tell you I'll
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  Speaker 1: get all the guys in the booth, Brandon, Sean, get
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  Speaker 1: Greg out from Florida. We'll go down there. We're gonna go,
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  Speaker 1: We're do some reporting. We're gonna need to get a
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  Speaker 1: whole Cuba correspondent going. But picture that, I mean, that
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  Speaker 1: will be a very cool revolutionary thing. It'd be legit historic.
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  Speaker 1: And if Trump could do this without firing shots, I
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  Speaker 1: think it would be just terrific. So I offered that
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  Speaker 1: as a silver lining for a pretty dark slate to
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  Speaker 1: open up this Friday the thirteenth. But I will try
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  Speaker 1: to mitigate it with some variety for you. Greta Thunberg.
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  Speaker 1: Just you guys might remember Greta for being the autistic
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  Speaker 1: child who became the darling of the of the climate movement.
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  Speaker 1: She's now just moving on to defending fascists and communist
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  Speaker 1: regimes all around the world, and her latest cake is
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  Speaker 1: on Cuba.
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  Speaker 2: Can we play cut seven please, guys.
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  Speaker 4: We need to talk about what's happening in Cuba right now.
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  Speaker 4: As the Trump administration is waging illegitimate wars across the world,
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  Speaker 4: killing canvas of people, it is also strangling the Cuban people.
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  Speaker 4: The pedophile Trump himself bragged about it saying there's an embargo,
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  Speaker 4: there is no oil, there's no money, there's no anything.
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  Speaker 4: He said it like it was something to be proud of,
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  Speaker 4: while millions of people being plunged into darkness by rolling blackouts,
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  Speaker 4: while hospitals lose power, while ambulances run out of fuel,
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  Speaker 4: while shelves go empty. Now the Trump administration is escalating
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  Speaker 4: it further, plotting what they themselves have called a takeover
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  Speaker 4: of the island. We cannot be silent about this. Cuba
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  Speaker 4: did not stay silent when the world needed it. The
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  Speaker 4: people in power do not act unless we compel them to,
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  Speaker 4: and so now we compel them together.
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  Speaker 5: We say it loudly and clearly.
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  Speaker 2: That she the palacatiing flotilla thing going on.
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  Speaker 1: It's just amazing how the Left props up these people,
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  Speaker 1: and all they really want to do is undermind Western values.
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  Speaker 1: And that's what this is all about, Crystal clear. Why
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  Speaker 1: is this person who has no business talking about the
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  Speaker 1: climate but was a climate activist, Why should we listen
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  Speaker 1: to her about Cuba? The people in Cuba have been
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  Speaker 1: oppressed for over half a century, and they're on the
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  Speaker 1: verge of perhaps a peacefully becoming more democratic, more free
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  Speaker 1: more open, and it is just really sensational to watch
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  Speaker 1: the media pop prop these people up as if they
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  Speaker 1: have any credibility whatsoever. And that's exactly what we're seeing.
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  Speaker 1: The bad guy in Cuba is Trump. It's not the
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  Speaker 1: communist dictators. It's Trump. All right, we're talking about Lear Capital.
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  Speaker 1: lear alex dot com. All right, you guys know, Friday
• 14:13
  Speaker 1: the thirteenth, and so it's a little bit of one
• 14:15
  Speaker 1: of those days where maybe it's a good day for you,
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  Speaker 1: maybe it's a bad day. I'll tell you basically, every
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  Speaker 1: Marlow Show are sponsored by the American Beverage Association. So
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  Speaker 1: that email, I'm not email that Emil Michael interview. It's
• 15:29
  Speaker 1: about twenty or so minutes on my podcast feed. We
• 15:31
  Speaker 1: did all sorts of stuff about the future of AI.
• 15:33
  Speaker 1: Stuff to be positive about, stuff to be negative about.
• 15:35
  Speaker 1: But there's gonna be a lot of AI content on
• 15:36
  Speaker 1: the show. My friend and colleague Winton Hall's new book,
• 15:39
  Speaker 1: Code Read is out on Tuesday. There's gonna be a
• 15:42
  Speaker 1: big books from HarperCollins, one of the biggest publishers around,
• 15:45
  Speaker 1: and he gets into reason to be optimistic. But why
• 15:47
  Speaker 1: the populis agenda has to control the future of AI
• 15:50
  Speaker 1: Because just stunning and shocking stuff that we're seeing that
• 15:53
  Speaker 1: perhaps we can have companies that are completely interested in
• 15:58
  Speaker 1: other things other than the success of them experiment that
• 16:01
  Speaker 1: our pentagon is dependent upon that. So much of our
• 16:04
  Speaker 1: future technology is dependent upon and it's going to cause
• 16:07
  Speaker 1: a huge shakeup in the jobs market as well. We've
• 16:10
  Speaker 1: been looking at some of the numbers, and a lot
• 16:12
  Speaker 1: of those blue collar jobs, a lot of those jobs
• 16:14
  Speaker 1: that we were told we're going to be going away
• 16:16
  Speaker 1: by the globalist establishment of earlier this century, those jobs
• 16:20
  Speaker 1: will be coming back and they're going to be paying
• 16:22
  Speaker 1: big and a lot of these low level white collar
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  Speaker 1: jobs are being replaced right now by AI. We got
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  Speaker 1: to prepare for that as well. This is really one
• 16:31
  Speaker 1: of the biggest revolutions that we've seen. This is a
• 16:33
  Speaker 1: huge change in so much of American life. It could
• 16:36
  Speaker 1: be akin to the development of electricity or the steam engine.
• 16:41
  Speaker 1: It is that level of a shift that we're seeing,
• 16:44
  Speaker 1: and it's going to get a lot more attention from
• 16:45
  Speaker 1: me on the show. All Right, before the I brought
• 16:48
  Speaker 1: in a Meil Michael. I'm talking a little bit about
• 16:52
  Speaker 1: the economy and how things are not going quite as
• 16:55
  Speaker 1: well as we would like. So the other thing that's
• 16:57
  Speaker 1: worth noting is to think, how are people going to
• 17:00
  Speaker 1: address such things well. Zira Mamdani's got an idea, the
• 17:04
  Speaker 1: New York City mayor, let's play cut four please, guys.
• 17:07
  Speaker 6: We already see an exodus of working in middle class
• 17:10
  Speaker 6: New Yorkers, So I don't have a hesitation in asking
• 17:12
  Speaker 6: those who make the most amount of money in this city,
• 17:15
  Speaker 6: or the most profits in the city, to pay a
• 17:17
  Speaker 6: little bit more so that everyone can actually stay in
• 17:19
  Speaker 6: this city. It's also something not just about justice or
• 17:24
  Speaker 6: the ability for working class people to live here. It
• 17:26
  Speaker 6: is also actually about ensuring that corporations can continue to
• 17:30
  Speaker 6: attract the top talent to this city. Because in a
• 17:33
  Speaker 6: city where childcare costs more than twenty thousand, dollars a year.
• 17:35
  Speaker 6: I've heard from corporate leaders about how difficult it is
• 17:38
  Speaker 6: for them to attract individuals who would work at their
• 17:41
  Speaker 6: companies but want to raise a family, because you could
• 17:43
  Speaker 6: be making three hundred thousand dollars a year and you
• 17:45
  Speaker 6: will feel that twenty thousand dollars a year because of
• 17:48
  Speaker 6: the fact that we have allowed for the absence of
• 17:50
  Speaker 6: affordable childcare to become reality here in this city.
• 17:55
  Speaker 2: It is remarkable.
• 17:56
  Speaker 1: I'll ask those who make the most amount of money
• 17:59
  Speaker 1: to pay more so that everyone can stay in the city.
• 18:02
  Speaker 1: It's just an amazing thing, is that this is exactly
• 18:05
  Speaker 1: It's informative because it teaches you the mind of the left.
• 18:08
  Speaker 1: It teaches you how they think. They think that the
• 18:11
  Speaker 1: key to getting people to stay is to bribe them
• 18:15
  Speaker 1: by confiscating productive people's money and promise them free stuff.
• 18:20
  Speaker 1: That we're going to take more money from the wealthy
• 18:22
  Speaker 1: people and we're going to give that to you via
• 18:24
  Speaker 1: free stuff, and that's going to entice you to either
• 18:27
  Speaker 1: stay or come to the city. And I see the logic.
• 18:30
  Speaker 1: But the problem is what is up happening is more
• 18:32
  Speaker 1: people leave, the tax base leaves, and it's not that
• 18:35
  Speaker 1: people are going to flood New York just for free
• 18:37
  Speaker 1: stuff unless they're unproductive people, and the more productive people
• 18:40
  Speaker 1: are going to leave. And it just tells you how
• 18:42
  Speaker 1: electorally speaking, the Democrat laft, the socialist left that Mom
• 18:46
  Speaker 1: Donnie is a part of, he is. Really that's the
• 18:49
  Speaker 1: whole mo that they've got, is to try to bribe
• 18:52
  Speaker 1: people with free stuff and to the penalize people for
• 18:55
  Speaker 1: being productive. The more productive you are in New York City,
• 18:58
  Speaker 1: the more you're going to pay. Also, floating a thirty
• 19:01
  Speaker 1: dollars minimum wage in New York that's in the early stages,
• 19:04
  Speaker 1: So I'll come back if that gets some legs. But
• 19:06
  Speaker 1: it's the same thing. I'll tell you. When I was
• 19:08
  Speaker 1: in the Bay Area and at UC Berkeley and I
• 19:11
  Speaker 1: worked in the restaurant industry and there was a minimum
• 19:14
  Speaker 1: wage hike, what ends up happening is everyone just loses shifts.
• 19:17
  Speaker 2: That's what happens.
• 19:18
  Speaker 1: It's just basic economics because in relatively low margin businesses,
• 19:22
  Speaker 1: when you see a hike in minimum wages, it just
• 19:25
  Speaker 1: means that people work fewer hours, people have fewer jobs.
• 19:28
  Speaker 2: You end up firing people. So it's all basic economics.
• 19:32
  Speaker 1: He couldn't pass in economics one on one class, or
• 19:34
  Speaker 1: maybe he could now because our universities are so broken
• 19:37
  Speaker 1: and this sort of thing is not penalized. It's really
• 19:40
  Speaker 1: interesting to track this story that was a couple of
• 19:42
  Speaker 1: days old, but it resurfaced to via a clip from
• 19:45
  Speaker 1: Elizabeth Warren. But Bruce Springsteen fans are not happy because
• 19:48
  Speaker 1: he has a No Kings themed tour. So this is
• 19:52
  Speaker 1: all based off of how much he hates Trump. It's
• 19:54
  Speaker 1: all anti Trump, this old No Kings thing, even though
• 19:58
  Speaker 1: Trump was of course democratically elect did won every single
• 20:00
  Speaker 1: swing state, won the popular vote, overcame law fair, overcame
• 20:04
  Speaker 1: assassination attempts, and he got elected. And then we have
• 20:08
  Speaker 1: all these dictators around the world, like Cuba for example,
• 20:11
  Speaker 1: Ron for example, who the American laugh now stands behind.
• 20:14
  Speaker 1: They like China with a emperor for life there, but America,
• 20:18
  Speaker 1: with our republic, that's not good enough for them. So
• 20:21
  Speaker 1: we have No Kings protest. And some of the tickets
• 20:24
  Speaker 1: are apparently three thousand dollars. Three thousand dollars for some
• 20:30
  Speaker 1: of these tickets, and I don't even think these are
• 20:32
  Speaker 1: the top tier tickets, but I think it goes even
• 20:35
  Speaker 1: higher from there. With Bruce Springsteen in the East Street Band.
• 20:38
  Speaker 1: And it was funny to me because Elizabeth Warren talked
• 20:42
  Speaker 1: about this and let me show you her analysis.
• 20:44
  Speaker 2: Cut six.
• 20:45
  Speaker 7: Please, what dude, Taylor Swift, Pearl Jam, and Maggie Rogers
• 20:53
  Speaker 7: have in common, Well, they've all spoken out about ticket
• 20:57
  Speaker 7: Master ripping off fans. Donald Trump just gave Ticketmaster the
• 21:02
  Speaker 7: equivalent of a corporate pardon. In twenty twenty four, the
• 21:06
  Speaker 7: Department of Justice sued Live Nation ticket Master for monopolizing
• 21:11
  Speaker 7: the market across the lives of that industry, and then poof.
• 21:21
  Speaker 1: We can you go to the clamp. I just want
• 21:22
  Speaker 1: to meet Scott because I can hear Scott setting up.
• 21:25
  Speaker 7: The Trump administration forced out the top official responsible for
• 21:30
  Speaker 7: this case. Coincidence, every time you pay more than you
• 21:34
  Speaker 7: should just to see your favorite artists, you can thank
• 21:39
  Speaker 7: Donald Trump for that.
• 21:43
  Speaker 1: It's Donald Trump's fault that Bruce Springsteen is charging three
• 21:46
  Speaker 1: thousand dollars for tickets at his No King's tour. And
• 21:49
  Speaker 1: this is a person of a Harvard professor, so not
• 21:52
  Speaker 1: in economics, but I just find this stuff just so
• 21:55
  Speaker 1: unbelievable that there's no accountability for any of these people
• 21:59
  Speaker 1: who are are in a Democrat elected office. They don't
• 22:03
  Speaker 1: have to abuy by their own principles. They don't care
• 22:05
  Speaker 1: that Bruce Springsteen charging three grand for no Kings tickets.
• 22:08
  Speaker 1: They blame Trump because ticket prices are high. They blame
• 22:11
  Speaker 1: Trump for Taylor Swift ticket prices being high, that it's
• 22:15
  Speaker 1: on Trump to solve this stuff.
• 22:16
  Speaker 2: Now, I don't know. I don't get a lot of concerts.
• 22:18
  Speaker 2: I'm not up on Ticketmaster.
• 22:20
  Speaker 1: I'm sure that they're taking advantage of everything, every option
• 22:23
  Speaker 1: they have to make more money, as everyone does. And
• 22:26
  Speaker 1: I know Trump's FTC is investigating Ticketmaster because there's all
• 22:30
  Speaker 1: these bots that I think are driving up prices and
• 22:32
  Speaker 1: reselling stuff. A lot of that's technology issue, and it
• 22:35
  Speaker 1: seems like something we got to get to the bottom of.
• 22:37
  Speaker 1: But I mean not like it's Trump's fault when Springsteen
• 22:39
  Speaker 1: is selling those tickets. I just I couldn't believe it.
• 22:41
  Speaker 1: And this is the whole thing is that they don't
• 22:43
  Speaker 1: hold themselves to their own standards. It is a NonStop
• 22:47
  Speaker 1: topic of conversation. As I've mentioned a couple times in
• 22:50
  Speaker 1: the show, there's a guy who has a Nazi tattoo,
• 22:53
  Speaker 1: sports a Nazi tattoo, running for the Democrat nomination in Maine,
• 22:56
  Speaker 1: and no one seems to care about this, and in fact,
• 23:00
  Speaker 1: he's now saying he is the anti anti semitism candidate.
• 23:04
  Speaker 1: Graham Plattner, I got to cut cup five.
• 23:05
  Speaker 2: Please.
• 23:10
  Speaker 8: Anti Semitism is on the rise in this country and internationally,
• 23:14
  Speaker 8: and something we need to keep in mind. As often
• 23:16
  Speaker 8: as these kind of events occur, we cannot normalize them.
• 23:20
  Speaker 8: We always have to call them out for exactly what
• 23:23
  Speaker 8: they are. Attacks on Jews are just entirely unacceptable. The
• 23:28
  Speaker 8: idea that someone would go to a synagogue with the
• 23:32
  Speaker 8: intent to commit violence against Jews is just utterly horrifying.
• 23:36
  Speaker 8: Anti Semitism has no place in the United States. It
• 23:39
  Speaker 8: has no place in our civil society.
• 23:43
  Speaker 1: If it's got no place, then why are you running,
• 23:47
  Speaker 1: Mister Nazi tattoo. If you're really so concerned about it,
• 23:51
  Speaker 1: put your hand up and say, because I have a
• 23:54
  Speaker 1: Nazi tattoo I've not gotten removed for some reason. Then
• 23:58
  Speaker 1: I will stand side and allow for someone who's clearly
• 24:02
  Speaker 1: not a Nazi, because again I'll tell you I'm a Nazi,
• 24:06
  Speaker 1: but you know, you see the Nazi tattoo. Maybe you
• 24:08
  Speaker 1: think I'm not telling the truth just in case, just
• 24:11
  Speaker 1: to make sure everyone knows the Democrats do not stand
• 24:14
  Speaker 1: with the Nazis. I'm gonna bow out, what do you
• 24:16
  Speaker 1: won't do that and no one will demand that he
• 24:19
  Speaker 1: does it. I was watching all the Obama world get
• 24:22
  Speaker 1: behind this guy. They want to excuse a guy the
• 24:25
  Speaker 1: literal Nazi tattoo. Could you imagine. Do you remember when
• 24:28
  Speaker 1: Pete Haiksath had they crossed whatever that special cross tattoo
• 24:31
  Speaker 1: and we were told that's a Nazi tattoo. So that's
• 24:34
  Speaker 1: not acceptable. And now we got to get the literal
• 24:36
  Speaker 1: Nazi tattoo and the Democrats embrace him.
• 24:39
  Speaker 2: Go on.
• 24:41
  Speaker 8: The only way that we're ever going to rid ourselves
• 24:43
  Speaker 8: of the scores is to be very honest about what
• 24:44
  Speaker 8: it is and when it happens. And sadly, as we
• 24:48
  Speaker 8: see these attacks continue, we are always going to have
• 24:51
  Speaker 8: to be on guard to make sure that we never
• 24:53
  Speaker 8: normalize it. This is not what we are supposed to
• 24:57
  Speaker 8: be as a nation. It's not who we are. We
• 25:00
  Speaker 8: should not be a nation where anyone lives in fear
• 25:02
  Speaker 8: because of who they are, because of the religion they are,
• 25:06
  Speaker 8: or the color of their skin, or their belief structures.
• 25:09
  Speaker 2: Or systems that is not the system that we're supposed to.
• 25:11
  Speaker 8: Have, and we need to build a world in which
• 25:14
  Speaker 8: that is not remotely the case.
• 25:15
  Speaker 2: We got it. This guy's full of bologny. He's full
• 25:18
  Speaker 2: of bologne.
• 25:19
  Speaker 8: All right.
• 25:19
  Speaker 1: A couple other items I want to bring up before
• 25:22
  Speaker 1: we run out of time. In the segment, Old Dominion
• 25:24
  Speaker 1: University saw a shooting from a Islamist attacker. So another
• 25:28
  Speaker 1: Islamist tier attack on our soil. Check out this clip
• 25:32
  Speaker 1: from the FBI. This is unbelievable. Cut three place, I'll
• 25:37
  Speaker 1: see disease.
• 25:39
  Speaker 7: There were students in that room that subdued him and.
• 25:45
  Speaker 9: Rendered him no longer a lot and as to say it,
• 25:50
  Speaker 9: but they basically are were able to terminate the threat
• 25:54
  Speaker 9: he was.
• 25:55
  Speaker 10: He was not shut.
• 25:58
  Speaker 1: Here's what's unbelievable here. So this guy born in Sierra Leone,
• 26:01
  Speaker 1: naturalized US citizen, radicalized Ballocado, according to reports, seemed to
• 26:07
  Speaker 1: pleasure allegiance to ISIS. I'd been in prison, was released
• 26:10
  Speaker 1: under Biden, according to reports, and the students subdued him
• 26:15
  Speaker 1: with no gun and then the NBI said they rendered
• 26:19
  Speaker 1: him unalive, which was one of the great sound bites.
• 26:22
  Speaker 1: Awesome stuff on these students. But the threat of Islama's
• 26:24
  Speaker 1: terurism really big deal. And the one item I haven't
• 26:26
  Speaker 1: gotten to so far that I want to tell you
• 26:29
  Speaker 1: guys about. A top Cornn staffer has been revealed to
• 26:32
  Speaker 1: someone trying to put Breitbart out. A business guy named
• 26:34
  Speaker 1: Matt mccoeac noticed that Trump endorsement for Cornon did not
• 26:38
  Speaker 1: come in yet. And this is exciting because it shows
• 26:41
  Speaker 1: that maybe Ken Paxon can get through. We'll have paxer
• 26:43
  Speaker 1: on next week. I was just texting with this guy
• 26:46
  Speaker 1: just a minute ago, so I am super excited about
• 26:49
  Speaker 1: that race. Could we get Corman across that would be unbelievable.
• 27:02
  Speaker 2: Now here's Alex.
• 27:05
  Speaker 1: That song as a banger like it's a lot of
• 27:07
  Speaker 1: s bins in my house. It's pretty kid friendly, poppy.
• 27:10
  Speaker 2: I like it. It's a good song. That's a good one.
• 27:12
  Speaker 2: I am Alex Marlow.
• 27:13
  Speaker 1: I hos see Alex Marlow show right here on The
• 27:15
  Speaker 1: Answer at nine am every weekday morning and also available
• 27:19
  Speaker 1: on podcasts. I do additional podcasts every single week, three
• 27:22
  Speaker 1: extra ones as well longer form interviews, etc.
• 27:26
  Speaker 2: One other thing that I work on.
• 27:28
  Speaker 1: Even though I'm the big player in it, I'm in
• 27:30
  Speaker 1: the Ed McMahon role is something called the Breitbart Business
• 27:33
  Speaker 1: Digests as one of our proudest products at bright Bart
• 27:35
  Speaker 1: News Rum the editor in chief, and I think it's
• 27:37
  Speaker 1: the most important MAGA newsletter imaginable, and not because I
• 27:40
  Speaker 1: play a small role in it, but because John Carney,
• 27:42
  Speaker 1: our Economic and Finance editor, is the main writer on it,
• 27:47
  Speaker 1: and he had a wealth of knowledge on I would say,
• 27:50
  Speaker 1: anti establishment economics. Someone who has a background both from
• 27:54
  Speaker 1: Wall Street and from being a lawyer with the Wall
• 27:56
  Speaker 1: Street Journal and CNBC in so many different places where
• 27:59
  Speaker 1: he's worked, where he's at a think front row seat
• 28:01
  Speaker 1: to all of the craziness that we've seen economically this
• 28:05
  Speaker 1: century and is a perfect person to balance out some
• 28:08
  Speaker 1: of the content here on this wealth summit.
• 28:10
  Speaker 2: John, it is a pleasure to have you on. Thank
• 28:12
  Speaker 2: you for being here with me.
• 28:14
  Speaker 10: Yeah, thanks for having me, Alex.
• 28:15
  Speaker 9: I don't know if I've been on around for a
• 28:17
  Speaker 9: full century yet.
• 28:19
  Speaker 2: But you know the centry, I'm getting closer.
• 28:22
  Speaker 1: So I got the news business in twenty two thousand
• 28:25
  Speaker 1: and four, so I don't look that old, but it's
• 28:27
  Speaker 1: they maybe I'm looking older.
• 28:28
  Speaker 2: I don't know. It's we all look at it's part
• 28:30
  Speaker 2: of life.
• 28:31
  Speaker 10: Right, you were like three years old when you started.
• 28:33
  Speaker 2: It's true. I was. I was three. I was three.
• 28:36
  Speaker 1: It was the it was I went from diapers when
• 28:42
  Speaker 1: I started to I'll be diapers when I'm done, because
• 28:45
  Speaker 1: they've been a bright part the whole time. I'll be
• 28:46
  Speaker 1: back in diapers. So I'm finally out of this. So
• 28:48
  Speaker 1: we have a lot of ground to cover, and I
• 28:50
  Speaker 1: set up the show. The way I tried to set
• 28:53
  Speaker 1: this thing up is talk a lot of big picture,
• 28:55
  Speaker 1: a lot of culture, a lot of what's going on
• 28:58
  Speaker 1: I think broader level with the first half of each
• 29:02
  Speaker 1: hour of the summit, and then we're having deep dives
• 29:05
  Speaker 1: on presious metals the second half. And so just set
• 29:08
  Speaker 1: up this basic point to me, how is the economy doing?
• 29:12
  Speaker 1: From your advantage point.
• 29:14
  Speaker 9: The economy is actually doing very very well. If you
• 29:18
  Speaker 9: look at almost every metric. Unemployment is very low. We
• 29:24
  Speaker 9: get jobless claims every week, Hardly anybody is losing their jobs.
• 29:28
  Speaker 9: We've had a couple of tremendous quarters of very high growth.
• 29:33
  Speaker 9: The fourth quarter of last year was a little bit slow,
• 29:37
  Speaker 9: but that was because it was we.
• 29:38
  Speaker 10: Had this government shut down through things off the.
• 29:42
  Speaker 9: Productivity is growing at levels we haven't seen for decades.
• 29:48
  Speaker 9: Productivity is really sort of the secret sauce to growing
• 29:52
  Speaker 9: the economy.
• 29:54
  Speaker 10: You can, you know, juice it through tax cuts, you can.
• 29:56
  Speaker 9: Do a lot of things. What you really need is
• 29:59
  Speaker 9: productivity growth. That's what we're getting now, so that is
• 30:02
  Speaker 9: a huge positive. The other thing is we're seeing a
• 30:06
  Speaker 9: lot of investment right now from companies. So if you
• 30:09
  Speaker 9: look at like capex spending that is really high, that's
• 30:14
  Speaker 9: doing very well. So the economy is going very well.
• 30:17
  Speaker 10: There are concerns. There are spots of weakness.
• 30:21
  Speaker 9: The housing market hasn't been great, interest rates are higher
• 30:25
  Speaker 9: than they should be.
• 30:27
  Speaker 10: The labor market.
• 30:29
  Speaker 9: While i said unemployment is very low and very few
• 30:33
  Speaker 9: people are losing their jobs right now, we're not creating
• 30:37
  Speaker 9: a lot of jobs.
• 30:38
  Speaker 10: That's probably less of a problem.
• 30:39
  Speaker 9: Than it seems, but it does mean that it wouldn't
• 30:43
  Speaker 9: take that much for, you know, for the labor market
• 30:47
  Speaker 9: possibly to turn over. Usually when the labor market goes
• 30:50
  Speaker 9: from like good to bad, it doesn't really quick and
• 30:53
  Speaker 9: it's usually because something unexpected happens.
• 30:56
  Speaker 10: And that brings me to my concern.
• 30:57
  Speaker 9: Now we're in something unexpected happening right, we have a
• 31:01
  Speaker 9: we have a war, we have oil prices shooting up.
• 31:04
  Speaker 9: Those are negatives for the economy, and so there are
• 31:07
  Speaker 9: risks to the economy.
• 31:09
  Speaker 10: But right now it's doing very well.
• 31:11
  Speaker 1: And you're not, per se, a someone who is a
• 31:15
  Speaker 1: some sort of a stock analyst who would advise you
• 31:19
  Speaker 1: on your wealth, per Se, but you're someone who has
• 31:22
  Speaker 1: deep knowledge. So I'm going to ask you not to
• 31:24
  Speaker 1: make stock picks, but I want to. I want you
• 31:26
  Speaker 1: to tell me what are you excited about in our
• 31:29
  Speaker 1: economy and what gives you pause?
• 31:32
  Speaker 9: Right, Okay, So one thing I would say is I think,
• 31:35
  Speaker 9: and this is going to sound a little stock analyst
• 31:37
  Speaker 9: in stockpicky, but I'll.
• 31:39
  Speaker 10: Just say I think there's a.
• 31:42
  Speaker 9: Very good chance that we actually get a violent upswing
• 31:46
  Speaker 9: in stock prices and the violent down swing in oil prices.
• 31:52
  Speaker 9: Right now, the thing that's holding back the stock market
• 31:55
  Speaker 9: is this concern over oil getting.
• 31:58
  Speaker 10: Through the straight of her moves out of Persian golf.
• 32:01
  Speaker 10: Every time oil goes up, stocks go down.
• 32:04
  Speaker 9: If that problem gets resolved, either because the war ends
• 32:08
  Speaker 9: because we destroy Iran's capability to interfere with the straight
• 32:13
  Speaker 9: of her moves, I think you're going to see just
• 32:15
  Speaker 9: a tremendous upside well, and so I think that's working.
• 32:19
  Speaker 9: That's what I'm excited about that. I'm excited about Capex,
• 32:23
  Speaker 9: and I'm excited.
• 32:24
  Speaker 10: About the growth of productivity.
• 32:26
  Speaker 9: What worries me is we have a federal Reserve that
• 32:30
  Speaker 9: hates Donald Trump. I mean, you and I have talked
• 32:34
  Speaker 9: a lot over the years at this point, I've about
• 32:38
  Speaker 9: why the FED does what it does and this, but
• 32:40
  Speaker 9: I'm pretty convinced that there's just no way j Powell
• 32:44
  Speaker 9: will cut interest rates as long as Donald Trump is
• 32:47
  Speaker 9: president and he is the Federal Reserve.
• 32:49
  Speaker 10: So we have to wait.
• 32:50
  Speaker 9: So J Powell is he is the FED chairman until
• 32:55
  Speaker 9: May fifteenth, then he's gone. We don't have another meeting
• 32:59
  Speaker 9: though of that until June sixteenth, I think is the meeting.
• 33:06
  Speaker 9: So that means there will be no cut until June sixteenth.
• 33:09
  Speaker 9: But then the next chairman, presumably Kevin Worrish, will come in.
• 33:13
  Speaker 9: I don't think he will be able to get a
• 33:15
  Speaker 9: cut in his first meeting, so that means we're at
• 33:18
  Speaker 9: the end of July before we can get a cut.
• 33:21
  Speaker 9: Can he get a cut the second meeting, I don't know.
• 33:24
  Speaker 9: Then there's not another meeting till September. So that's a
• 33:27
  Speaker 9: long time for interest rates to stay exactly where they
• 33:31
  Speaker 9: are when the economy is not creating a lot of jobs,
• 33:34
  Speaker 9: where there's risk from a war abroad, and when oil
• 33:39
  Speaker 9: prices are potentially interfering with the economy. To have a
• 33:43
  Speaker 9: FED that's basically going to be stuck until September.
• 33:48
  Speaker 10: I think that's the thing I'm most worried about right now.
• 33:50
  Speaker 1: There's a lot that I want to impac the unpack
• 33:53
  Speaker 1: in there. I want to talk about trends in the
• 33:54
  Speaker 1: labor market, but I also want to talk about oil
• 33:57
  Speaker 1: because that is sort of where everyone's mind is at
• 33:59
  Speaker 1: right now. Because we saw war in Iran and we
• 34:03
  Speaker 1: thought that, well, perhaps this could hurt China because Iran
• 34:06
  Speaker 1: supplies China with a lot of China's oil, and Iran's
• 34:10
  Speaker 1: economy is largely dependent on funneling oil to China, and
• 34:13
  Speaker 1: it seemed like China's getting all the oil and our
• 34:17
  Speaker 1: ships are stopped in the strait of war moves, which
• 34:19
  Speaker 1: is again by a large.
• 34:21
  Speaker 2: Be kind of positive on the war effort.
• 34:23
  Speaker 1: I would say cautiously positive to this point, knowing it
• 34:25
  Speaker 1: could go south at any moment, but I like the
• 34:27
  Speaker 1: idea that Trump kept his word that he doesn't want
• 34:29
  Speaker 1: Iran to develop nukes and ballistic missiles and to keep
• 34:31
  Speaker 1: funding terror. I like the idea of how efficient we've
• 34:35
  Speaker 1: been with our aerial assaults. I think that they've been
• 34:38
  Speaker 1: very relatively low risk. It seems in very high reward
• 34:40
  Speaker 1: thus far, and that's pretty amazing. But overall, the oil,
• 34:45
  Speaker 1: even though it's fluctuating, isn't just high purely. It feels
• 34:50
  Speaker 1: like there's I don't feel completely convinced that it's stable.
• 34:55
  Speaker 9: Yeah, so that is a problem, and it's stabilized pretty
• 35:00
  Speaker 9: high level right now, meaning we you know, we were
• 35:04
  Speaker 9: down the.
• 35:05
  Speaker 10: Beginning of the year around sixty dollars a barrel.
• 35:08
  Speaker 9: We're up around above you know, in the eighties to nineties.
• 35:12
  Speaker 9: Now we briefly got above one hundred dollars a barrel.
• 35:15
  Speaker 10: That's really bad.
• 35:17
  Speaker 9: Anything in the nineties has the potential to result in
• 35:21
  Speaker 9: very high gasoline prices and to really slowed down the
• 35:27
  Speaker 9: economy pretty seriously. Not instantly, right like a couple of days,
• 35:31
  Speaker 9: you're fine, even a couple of weeks, But gasoline think
• 35:35
  Speaker 9: of it like a.
• 35:36
  Speaker 10: Tax on Americans.
• 35:38
  Speaker 9: You every dollar that gets spent filling up a gas
• 35:42
  Speaker 9: tank is a dollar that can't get spent elsewhere in
• 35:46
  Speaker 9: the economy. So that means, you know, people like hairstylists,
• 35:50
  Speaker 9: their clients show up a little you know, fewer times
• 35:53
  Speaker 9: because they can't you know, they can't afford as many haircuts.
• 35:56
  Speaker 9: That people eat out a little less, people buy a
• 35:59
  Speaker 9: you know, maybe a few fewer you know, pairs of socks.
• 36:04
  Speaker 10: Right, So it starts to sap spending in the economy.
• 36:07
  Speaker 9: And so that means the hairstylist and the and the
• 36:10
  Speaker 9: restaurant owner has less money to spend.
• 36:12
  Speaker 10: It filters through.
• 36:13
  Speaker 9: It has a multiplier effect that really can slow down
• 36:16
  Speaker 9: the economy.
• 36:17
  Speaker 10: Uh. Now, it's not pure. It used to be a
• 36:19
  Speaker 10: lot worse.
• 36:21
  Speaker 9: Right, So, before we were a major energy producer, before
• 36:25
  Speaker 9: we made our own oil at the tremendous level we
• 36:29
  Speaker 9: do now, it was a lot worse because it was
• 36:32
  Speaker 9: a pure tax. It just left the US economy and
• 36:35
  Speaker 9: ended up in the pockets of people like you know,
• 36:38
  Speaker 9: in the Persian Gulf.
• 36:40
  Speaker 10: Now, some of that money stays in.
• 36:41
  Speaker 9: The US economy, but there's a sequencing problem.
• 36:46
  Speaker 10: The consumers will get hit first before.
• 36:49
  Speaker 9: That money that gets you know, recycled into the oil
• 36:53
  Speaker 9: companies and then back out into the US economy. Before
• 36:56
  Speaker 9: that recycling happens, consumers will feel the pitch and that
• 37:02
  Speaker 9: is the danger right now from a high oil person.
• 37:04
  Speaker 1: One of the things John, and again this is the
• 37:06
  Speaker 1: Wealth Summit on AMA seventy and AM five ninety the answer,
• 37:10
  Speaker 1: and I'm Alex Marlow. I hos se Alex Marlow Show
• 37:12
  Speaker 1: in the morning here on this station. Happy to be
• 37:14
  Speaker 1: speaking to some economic experts today, including my friend John Carney,
• 37:17
  Speaker 1: who runs the economic coverage rust of bright Bard News
• 37:20
  Speaker 1: and writes the bright Bart Business Digest. One of the
• 37:23
  Speaker 1: things John, that's been just totally fascinating really since the
• 37:27
  Speaker 1: dawn of the Trump era is it feels like there's
• 37:28
  Speaker 1: so few economic bell Weathers people you can really trust.
• 37:32
  Speaker 1: Pretty much every expert just compromise themselves during the tariff
• 37:35
  Speaker 1: debate where they all announced the tariffs would inevitably be
• 37:38
  Speaker 1: inflation inflationary and they've turned out not to be at all.
• 37:42
  Speaker 1: And then even things, you know, my first take on
• 37:44
  Speaker 1: this Iran war was that this was going to be
• 37:45
  Speaker 1: tougher on China than it would be on us. Immediately,
• 37:48
  Speaker 1: that didn't necessarily come true, and maybe long term it will.
• 37:51
  Speaker 1: But also you think about stuff like Venezuela, where we're
• 37:55
  Speaker 1: going in and we're already getting precious metals and rare
• 37:59
  Speaker 1: earths from venezuel We're already going to pay for ourselves
• 38:02
  Speaker 1: with the oil we're getting from Venezuela.
• 38:03
  Speaker 2: We're going in and we're getting stuff.
• 38:05
  Speaker 1: Who would have thought in the night of the Maduro
• 38:06
  Speaker 1: raid that this is going to be immediately financially beneficial
• 38:10
  Speaker 1: to this country? And it feels like people are just
• 38:12
  Speaker 1: guessing wrong. So how do you develop a I to
• 38:16
  Speaker 1: be able to seek out the good information and to
• 38:20
  Speaker 1: eliminate the bs from your news diet?
• 38:23
  Speaker 10: Right?
• 38:24
  Speaker 9: Well, so I think a really important thing for people
• 38:26
  Speaker 9: to remember is exactly what you said.
• 38:28
  Speaker 10: There's a lot of motivated reasoning that goes on out.
• 38:31
  Speaker 2: There that's exactly exactly right.
• 38:34
  Speaker 10: Right. You gotta think, like, Okay, this guy who's.
• 38:37
  Speaker 2: Predicting doom, here's the answer.
• 38:39
  Speaker 1: So let me come up with the Rationaley get there
• 38:42
  Speaker 1: exactly right?
• 38:43
  Speaker 10: Does he just hate Donald Trump?
• 38:44
  Speaker 8: Right?
• 38:45
  Speaker 10: Then everything that comes up is going to be due.
• 38:48
  Speaker 9: I will have to say, Look, there's some people on
• 38:50
  Speaker 9: the other side of it too. There's some people who
• 38:52
  Speaker 9: will tell you everything will always be terrific.
• 38:55
  Speaker 10: There's no risk to the economy as long as Donald
• 38:58
  Speaker 10: Trump's president. I try not to be back.
• 39:01
  Speaker 9: I'm you know, look, I'm a big fan of our president,
• 39:04
  Speaker 9: but I try to make sure that I tell people
• 39:07
  Speaker 9: what I think is really happening.
• 39:09
  Speaker 10: So I do think there's a potential if oil, you know.
• 39:11
  Speaker 9: So, as I said, if oil stays at ninety to
• 39:14
  Speaker 9: one hundred dollars or above one hundred dollars, that's going
• 39:17
  Speaker 9: to be bad for the economy.
• 39:19
  Speaker 10: I don't think that's going to happen, but there is
• 39:22
  Speaker 10: a risk that that's happening.
• 39:24
  Speaker 9: So I think you really what you really want to
• 39:25
  Speaker 9: find out when you're trying to figure out, you know what,
• 39:29
  Speaker 9: what are the potentials here is is this person engaging
• 39:33
  Speaker 9: in motivated reasoning or do they.
• 39:35
  Speaker 10: Seem to be trying to analyze things?
• 39:38
  Speaker 9: And the other way I would put it is people
• 39:42
  Speaker 9: who are serious about trying to figure out what's happening
• 39:46
  Speaker 9: in the economy talk in terms of risk and not absoluteness.
• 39:51
  Speaker 9: They don't say this is going to cause this, They
• 39:55
  Speaker 9: say there's a risk that this is going to happen
• 39:58
  Speaker 9: because we don't know, you know, nobody can tell the future, right.
• 40:02
  Speaker 9: We know that there are risks, and some things there's
• 40:07
  Speaker 9: a greater chance of happening, and some things the less.
• 40:10
  Speaker 9: I do say if anybody gives you a very precise
• 40:13
  Speaker 9: number of the risk. If somebody says there's a twenty
• 40:15
  Speaker 9: four percent chance.
• 40:17
  Speaker 10: Of a recession, they're just out of their minds. You know,
• 40:20
  Speaker 10: nobody knows but that precise. But what they could say
• 40:23
  Speaker 10: is the chance.
• 40:25
  Speaker 9: And I'll say this, I think the chance of a
• 40:27
  Speaker 9: recession this year was zero before oil.
• 40:31
  Speaker 10: Went to ninety dollars. It's no longer zero, but it's
• 40:35
  Speaker 10: still very low. You know. I don't think we're in
• 40:37
  Speaker 10: for a recession.
• 40:39
  Speaker 9: And I think if things really did get bad enough,
• 40:41
  Speaker 9: I know, I just went through the whole thing about
• 40:43
  Speaker 9: how j Powell won't cut. Look if the unemployment rate
• 40:46
  Speaker 9: jumped to six percent in the next two months, which
• 40:49
  Speaker 9: again not gonna I do not believe anything like that
• 40:52
  Speaker 9: would happen, then yeah, the Fed will cut, no matter
• 40:55
  Speaker 9: how much.
• 40:56
  Speaker 10: They hate down Trump.
• 40:57
  Speaker 1: You know one thing that is being peeded over and
• 41:00
  Speaker 1: over again in this space talk radio space where we
• 41:03
  Speaker 1: have a lot of great partners and a lot of
• 41:05
  Speaker 1: people who make this space possible who are in the
• 41:07
  Speaker 1: goal precious metals industry, And there's been a lot of
• 41:09
  Speaker 1: talk of late last year with Morgan, Stanley's chief investment
• 41:12
  Speaker 1: officer was recommending of a twenty percent in gold in particular,
• 41:16
  Speaker 1: but a huge buy into precious metals in your portfolio.
• 41:20
  Speaker 1: What do you make of this and what do you
• 41:23
  Speaker 1: think is essential for the audience to understand about that change.
• 41:27
  Speaker 9: So I do think that there is a I'm not
• 41:31
  Speaker 9: going to tell you that I know what precious metals
• 41:34
  Speaker 9: are going to do this week, next week, next month,
• 41:37
  Speaker 9: but I do think that there is a long term
• 41:40
  Speaker 9: investment in precious metals and.
• 41:42
  Speaker 10: Also metals in general. I actually think we're moving.
• 41:45
  Speaker 9: To an economy in which atoms are going to matter
• 41:50
  Speaker 9: a lot more than pixels. That you know, your ability
• 41:54
  Speaker 9: to get copper is going to be really important in
• 41:57
  Speaker 9: the future. Gold actually has a lot of technology uses.
• 42:01
  Speaker 9: So gold is no longer just either like jewelry or investment. No,
• 42:05
  Speaker 9: it's had uses, but they're the uses are coming up.
• 42:09
  Speaker 10: Things like.
• 42:12
  Speaker 9: Obviously the ability to get any we're saying this now right,
• 42:17
  Speaker 9: getting your hands on oil, getting your hands on the
• 42:20
  Speaker 9: ingredients for fertilizer, getting your hair on rare earth minerals,
• 42:24
  Speaker 9: all of that investing in well, you know, atoms.
• 42:28
  Speaker 1: So you're telling me, so you're telling me things you
• 42:31
  Speaker 1: could touch with your hands are better than like a
• 42:34
  Speaker 1: bored ape or which is for those of the audience,
• 42:37
  Speaker 1: those are those pictures of apes. You know, you dressed
• 42:39
  Speaker 1: up and like a basketball outfit or something that we
• 42:42
  Speaker 1: had a bunch of value five years ago and are
• 42:44
  Speaker 1: worth nothing now.
• 42:46
  Speaker 10: Right, No more, no more board apes.
• 42:49
  Speaker 9: I will say, if you do buy a friend of mine,
• 42:52
  Speaker 9: Tracy Alloway once tried to buy a barrel of oil.
• 42:56
  Speaker 2: Personally, that's pretty cool.
• 42:59
  Speaker 10: You really shouldn't try to do that.
• 43:01
  Speaker 9: It turns out oil, like in its raw form, is
• 43:04
  Speaker 9: super toxic. Uh. And if you try to do it,
• 43:08
  Speaker 9: you you'll you'll find first of all, the authorities will
• 43:12
  Speaker 9: wonder why you're trying to bring a.
• 43:13
  Speaker 10: Barrel of oil into your house. But second it's not
• 43:16
  Speaker 10: it's not a very safe thing.
• 43:17
  Speaker 2: But you can't.
• 43:18
  Speaker 9: But I do think that it makes sense for people
• 43:20
  Speaker 9: to think a little bit outside of you know, whether
• 43:24
  Speaker 9: you just own stocks or bonds, to think a little
• 43:28
  Speaker 9: broader about you know, do I have exposure to gold,
• 43:33
  Speaker 9: Do I have exposure to silver? Do I have exposure
• 43:36
  Speaker 9: to copper. Again, I think copper is going to be
• 43:40
  Speaker 9: really important going forward. If you just look at again,
• 43:44
  Speaker 9: like look at what's happening with AI. Now that sounds like,
• 43:47
  Speaker 9: oh well, I just said no pixels, right, look at
• 43:51
  Speaker 9: the physical play of it.
• 43:52
  Speaker 1: Right, what's the underlying technologies and what are they built by?
• 43:56
  Speaker 10: Yes, and what what do what do they need to run?
• 44:00
  Speaker 9: They need and they need electricity, a lot of electricity.
• 44:05
  Speaker 9: We don't have the capacity to supply the electricity.
• 44:09
  Speaker 10: Right now that AI is telling us it's going to need.
• 44:12
  Speaker 9: So that means there's going to be a huge demand
• 44:15
  Speaker 9: for the things that go to generate electricity, right, So
• 44:20
  Speaker 9: that's energy fossil fuels primarily, and then the things that
• 44:25
  Speaker 9: go to transmit energy electricity that's going to be copper.
• 44:31
  Speaker 2: I just feel like the fragility.
• 44:33
  Speaker 1: It just as I get a little bit older and
• 44:35
  Speaker 1: I just feel like anything we're fragile, we're vulnerable. It
• 44:38
  Speaker 1: just feels not good to me. And things that feel
• 44:41
  Speaker 1: you're not fragile where you have stability, You've got to
• 44:44
  Speaker 1: have that balance, and I think that that's that's pretty obvious.
• 44:48
  Speaker 2: Yeah.
• 44:49
  Speaker 9: One of the things I do like, look gold has
• 44:52
  Speaker 9: gone up and down in price, but it never.
• 44:54
  Speaker 10: Goes to zero, you know.
• 44:56
  Speaker 9: And so I ever, right like in thousand of years
• 45:00
  Speaker 9: in which people have been trading gold for objects for currency,
• 45:07
  Speaker 9: it doesn't go to zero. Sometimes it doesn't go up
• 45:09
  Speaker 9: a lot, but it's never going to zero. You can't
• 45:11
  Speaker 9: say the same thing about you know, and a stock
• 45:15
  Speaker 9: stock sometimes go to zero.
• 45:16
  Speaker 10: Definitely can't say the same thing about.
• 45:19
  Speaker 9: You know, a you know, the latest meme coin that's
• 45:24
  Speaker 9: trading that.
• 45:25
  Speaker 10: Can go to zero. So you know, there's a case.
• 45:29
  Speaker 9: One of the cases that I think is very persuasive
• 45:32
  Speaker 9: traditionally is gold can be part you know, it might
• 45:37
  Speaker 9: not be the thing that you're investigate to see the
• 45:40
  Speaker 9: biggest growth, but it is the thing that you can
• 45:43
  Speaker 9: buy and know that it's it didn't go it's not
• 45:46
  Speaker 9: going to go to zero.
• 45:47
  Speaker 1: Yeah, And then every once in a while just has
• 45:49
  Speaker 1: that surge and you feel like I'm so dumb not
• 45:50
  Speaker 1: to a lot more.
• 45:51
  Speaker 2: At the time. Which is it?
• 45:52
  Speaker 1: And that's a big factor with me is that I
• 45:54
  Speaker 1: you know, it's not my most mature characteristic, but my
• 45:58
  Speaker 1: deep desire to not feel stupid does drive a lot
• 46:00
  Speaker 1: of my decision making.
• 46:02
  Speaker 2: In some parts of my life.
• 46:03
  Speaker 1: So John back to oil for a minute, and I
• 46:07
  Speaker 1: feel like that there's some things that Trump could do
• 46:10
  Speaker 1: politically that might be not wise but might be helpful
• 46:13
  Speaker 1: people's pocketbooks. Are there any things that you feel like
• 46:16
  Speaker 1: could be a net political benefit. I've been saying to you,
• 46:18
  Speaker 1: and I think you've come around to this viewpoint that
• 46:21
  Speaker 1: if he's tapping strategic oil reserves, which by the way,
• 46:23
  Speaker 1: we did not top up, which I brought up my
• 46:25
  Speaker 1: opening to the show, which we should have topped that
• 46:27
  Speaker 1: up after Biden wasted a bunch of them.
• 46:29
  Speaker 2: It literally sent it to China. People don't remember this.
• 46:31
  Speaker 1: He actually sent our strategic reserves to China because his
• 46:34
  Speaker 1: poll numbers were bad.
• 46:36
  Speaker 2: True story, wrote all about it my book, Breaking Biden.
• 46:39
  Speaker 1: We didn't get him topped up in time, and so
• 46:41
  Speaker 1: I think Trump tapping them could be politically very risky
• 46:44
  Speaker 1: for him. It also sends a signal we could be
• 46:46
  Speaker 1: in arom for longer than people want. Do you see
• 46:49
  Speaker 1: anything that he can do or might be doing that
• 46:51
  Speaker 1: could be a net political benefit.
• 46:54
  Speaker 10: Yeah.
• 46:55
  Speaker 9: I think making sure that Pete Hegseth understands that clearing
• 47:01
  Speaker 9: the straight of her moves is has to be one
• 47:04
  Speaker 9: of our top military priorities. Look, keeping the sea ways
• 47:09
  Speaker 9: safe for trade is a traditional.
• 47:12
  Speaker 10: Job of the US.
• 47:14
  Speaker 9: Maybe we have been doing that for two hundred and
• 47:17
  Speaker 9: fifty years. This is you know, Thomas Jefferson sent the
• 47:21
  Speaker 9: Navy out to go fight the Barbary pirates. Right, we
• 47:24
  Speaker 9: need to be able to, you know, if we're going
• 47:28
  Speaker 9: to show the world that we can keep the world
• 47:31
  Speaker 9: safe and frankly that the US has the power that
• 47:35
  Speaker 9: we do, we need to be able to clear the
• 47:37
  Speaker 9: straight of her moves.
• 47:38
  Speaker 10: And that will I think that will actually.
• 47:42
  Speaker 9: Trigger what I was just talking about, where you will
• 47:44
  Speaker 9: get oil.
• 47:46
  Speaker 10: Remember that the other day one.
• 47:48
  Speaker 9: Of the Cabinets secretaries actually tweeted out and then they
• 47:51
  Speaker 9: had to delete it, but that the Navy had escorted
• 47:54
  Speaker 9: a boat through the strait of her moves.
• 47:56
  Speaker 10: That turned out not to have been true.
• 47:58
  Speaker 9: It was you know, somebody gave him bad information and
• 48:03
  Speaker 9: the White House had to say it wasn't true.
• 48:04
  Speaker 10: They had to delete the tweet.
• 48:06
  Speaker 9: But during the few minutes where that was out there,
• 48:09
  Speaker 9: oil tanked. It dropped like thirty percent in a matter
• 48:14
  Speaker 9: of minutes because people said, okay that you know, that's terrific.
• 48:18
  Speaker 9: We are now making it so oil can get out
• 48:22
  Speaker 9: of the Persian golf and to the rest of the world.
• 48:25
  Speaker 10: I think that's the number one.
• 48:27
  Speaker 9: Thing Trump has to do is make it clear that
• 48:29
  Speaker 9: we're not going to allow Iran to stop this from happening. Look,
• 48:34
  Speaker 9: they are high cliffs on the straight of Removes, it's
• 48:36
  Speaker 9: pretty narrow.
• 48:38
  Speaker 10: I don't want troops on the ground, but we have
• 48:41
  Speaker 10: some big bombs.
• 48:43
  Speaker 9: Right, we should drop a couple big bombs at the
• 48:47
  Speaker 9: edge of the straight of Removes and just let anybody
• 48:49
  Speaker 9: know if they're going to try to launch a missile
• 48:52
  Speaker 9: from there, they are going to meet Allah much quicker
• 48:56
  Speaker 9: than they had planned.
• 48:58
  Speaker 10: That this is going to be the end of.
• 49:02
  Speaker 9: Absolute priority that will bring down the price of oil.
• 49:07
  Speaker 9: And what I would say is, don't you know that
• 49:11
  Speaker 9: you just have to do it and he shouldn't tell
• 49:12
  Speaker 9: you know.
• 49:13
  Speaker 10: I'm not saying he should tell us how.
• 49:14
  Speaker 9: He's going to do it, right, Like, everybody's like, why
• 49:16
  Speaker 9: doesn't the president tell.
• 49:17
  Speaker 2: Us the plan?
• 49:18
  Speaker 1: That's really dumb, don't know and he's not going to
• 49:21
  Speaker 1: do it. John, let me fill in the audience. This
• 49:24
  Speaker 1: is the ANSWER's Wealth Smon nineteenth Annual. I'm Alex Marlow
• 49:27
  Speaker 1: it's streaming right now. AMA seventy dot info, AM five
• 49:30
  Speaker 1: ninety dot info. John Carney is my guest at the moment.
• 49:33
  Speaker 1: He and I work on the Breitbart Business Digest together
• 49:35
  Speaker 1: every day. He's an economic and finance editor at Brightbart News.
• 49:39
  Speaker 1: Johnning about thirty seconds left. Just give me your thoughts here.
• 49:42
  Speaker 1: Trump is resetting the global economy by getting people to
• 49:45
  Speaker 1: work together. If that was the nature of the Abraham Accords.
• 49:47
  Speaker 1: He's focused on the Middle East right now. Is this
• 49:50
  Speaker 1: the key to everlasting piece? Just getting people doing commerce,
• 49:53
  Speaker 1: doing business and less focused on political divisions and religious divisions.
• 49:58
  Speaker 10: Yeah.
• 49:58
  Speaker 9: Look, it's amazing. They said Trump was going to divide
• 50:01
  Speaker 9: people and.
• 50:01
  Speaker 10: Make us lose allies. Instead he's done the opposite. He
• 50:04
  Speaker 10: is brought together.
• 50:05
  Speaker 9: We right now have Saudi Arabia and all of the
• 50:08
  Speaker 9: other Persian golf countries and Israel working together.
• 50:12
  Speaker 10: I never thought I would see that in my lifetime.
• 50:14
  Speaker 9: That is a almost raculous achievement. By the way, the
• 50:19
  Speaker 9: rest of the world also just unanimously agreed to do
• 50:23
  Speaker 9: They to release strategic oil reserves.
• 50:26
  Speaker 10: The international energy is Trump's world.
• 50:28
  Speaker 1: We're on your side, we're living in it, and we're
• 50:31
  Speaker 1: also analyzing it. Thank you, John Cardio, Alex Marlow. We'll
• 50:34
  Speaker 1: be back with more right after this. I got aesteemed
• 50:46
  Speaker 1: guest today, Darren Grubb. He's the spokesperson for Medicare Advantage
• 50:50
  Speaker 1: Majority who gave you this copy. Spokesmen, spokes men, we
• 50:54
  Speaker 1: like mg men and women here at the Marlow Show.
• 50:56
  Speaker 1: Organization is dedicated to protecting and strengthening the Medicare Advantage program,
• 51:01
  Speaker 1: and this affects thirty five million American seniors and people
• 51:04
  Speaker 1: with disabilities, so it's more than half of the Medicare educated.
• 51:08
  Speaker 1: I'm sorry Medicare eligible beneficiaries who depend on it.
• 51:12
  Speaker 2: He's a veteran communicator.
• 51:14
  Speaker 1: And has a lot of experience and a lot of
• 51:15
  Speaker 1: diverse public policy issues in the nonprofit sector, etc.
• 51:19
  Speaker 2: We're going to get into all that today, but the.
• 51:21
  Speaker 1: Main thing where I want to start is I want
• 51:23
  Speaker 1: to talk about Medicare Advantage Majority, what it does wide, exists,
• 51:26
  Speaker 1: and how it could affect and help people that are
• 51:29
  Speaker 1: in my audience.
• 51:31
  Speaker 11: Yeah, Alex, had great to be with you, Thanks for
• 51:33
  Speaker 11: having me on. We represent a coalition powered by hundreds
• 51:35
  Speaker 11: of thousands of local advocates nationwide, including Medicare Advantage beneficiaries,
• 51:40
  Speaker 11: but also caregivers and healthcare providers, community leaders, really the
• 51:44
  Speaker 11: entire caregiving ecosystem that surrounds a senior on the Medicare
• 51:48
  Speaker 11: advantage program, and our priorities help educate and empower seniors
• 51:52
  Speaker 11: to understand how what happens in Washington, DC, you know,
• 51:56
  Speaker 11: any nuances or tweaks or changes to public policy in
• 52:00
  Speaker 11: Medicare advantage, how that impacts their their well being, their
• 52:03
  Speaker 11: healthcare options, and their bottom line.
• 52:07
  Speaker 1: And what's interesting about that to me is that it
• 52:09
  Speaker 1: can be such a black hole just in terms of
• 52:10
  Speaker 1: information and even someone you know, I'm in the information
• 52:13
  Speaker 1: business twenty four to seven, assorting the stuff out seems
• 52:16
  Speaker 1: like a real headache. And I imagine you can help
• 52:17
  Speaker 1: a lot of people do that.
• 52:20
  Speaker 5: That's exactly right.
• 52:21
  Speaker 11: Yeah, you know, we've got we've got a great coalition
• 52:23
  Speaker 11: of people who've really come together. They've found opportunities to
• 52:26
  Speaker 11: make their voices heard around you know, recent conversations in Washington,
• 52:30
  Speaker 11: whether it was you know, potential custom Medicare advantage during
• 52:33
  Speaker 11: the discussion of the big beautiful bill. You know, they
• 52:36
  Speaker 11: were very active now to the members of Congress showing
• 52:38
  Speaker 11: up at town halls, making phone calls.
• 52:40
  Speaker 5: You know, it's really important for seniors to be engaged.
• 52:42
  Speaker 11: I think we're going to talk politics in a minute,
• 52:44
  Speaker 11: but they are also a huge critical voting block, and
• 52:47
  Speaker 11: they are they're well educated in the issues, and this
• 52:50
  Speaker 11: is one that they are that they are you have
• 52:52
  Speaker 11: the ability to move an election on.
• 52:56
  Speaker 1: Yeah, so much in there I want to get into.
• 52:58
  Speaker 1: But let's start with the CMAS. Centers for Medicare and
• 53:02
  Speaker 1: Medicaid recently released an advanced rate notice for Medicare advantage
• 53:07
  Speaker 1: for twenty twenty seven, and I want to hear what
• 53:10
  Speaker 1: they released and how that relates to the cost and
• 53:14
  Speaker 1: the growing rising cost of healthcare.
• 53:17
  Speaker 10: Yeah.
• 53:17
  Speaker 11: So every year, as you mentioned, every year, the beginning
• 53:19
  Speaker 11: of every year, CMS puts out an advanced rate notice
• 53:22
  Speaker 11: for the proposal of what the federal government will invest
• 53:26
  Speaker 11: into Medicare advantage rates for the following year.
• 53:29
  Speaker 5: And so for twenty.
• 53:29
  Speaker 11: Twenty seven, this year, CMS came out with a nearly
• 53:32
  Speaker 11: flat advanced rate notice of point zero nine percent increase
• 53:37
  Speaker 11: in Medicare rates on what they will cover. And so meanwhile,
• 53:40
  Speaker 11: as you know, health care spending is increasing left and
• 53:43
  Speaker 11: right for the last two years. Each year of the
• 53:45
  Speaker 11: last two years, it has increased by more than seven percent.
• 53:48
  Speaker 11: And so you know, a a increase in the Medicare
• 53:51
  Speaker 11: advantage payment rates of less than one tenth of one
• 53:53
  Speaker 11: percent with seven percent health care costs spending increasing every year,
• 53:58
  Speaker 11: that's a big delta. And so the result is going
• 54:00
  Speaker 11: to be seniors going to have higher out of pocket costs.
• 54:02
  Speaker 11: They're going to have higher deductibles, higher premiums, and less
• 54:05
  Speaker 11: access to the doctors and services that they need. And
• 54:07
  Speaker 11: so you know, any funding cut to this program, and
• 54:10
  Speaker 11: this would certainly calculate US one will hit seniors in
• 54:14
  Speaker 11: their pocketbooks.
• 54:16
  Speaker 1: So I want to see does this rate change, How
• 54:19
  Speaker 1: does that affect healthcare costs from your vantage point? And
• 54:22
  Speaker 1: more general cost of living for normal Americans?
• 54:26
  Speaker 2: Is all that changing?
• 54:28
  Speaker 10: It is changing?
• 54:29
  Speaker 11: And look, you know, I think there's an emerging of
• 54:31
  Speaker 11: issues here. We commissioned to pull recently by Republican pollster
• 54:35
  Speaker 11: Kristen Sultus Anderson of senior likely voters, and ninety one
• 54:38
  Speaker 11: percent of them agreed that cuts to Medicare advantage is
• 54:42
  Speaker 11: not only a healthcare issue, it's a cost of living issue.
• 54:44
  Speaker 11: And you know this is going to be an election
• 54:46
  Speaker 11: where affordability is on the ballot, and it's going to
• 54:48
  Speaker 11: be an issue whether we want to talk about it
• 54:50
  Speaker 11: or not. Seniors are really paying attention. You know, sixty
• 54:53
  Speaker 11: nine percent believe now that that cuts the Medicare advantage
• 54:56
  Speaker 11: will hurt their benefits that they rely on. Hearing coverage,
• 55:01
  Speaker 11: dental vision, in home care, wellness programs, things that are
• 55:04
  Speaker 11: bundled in as part of.
• 55:05
  Speaker 5: The Medicare advantage program.
• 55:07
  Speaker 11: You know, if those go away, seniors are going to
• 55:09
  Speaker 11: have a difficult time getting the care and the medical
• 55:12
  Speaker 11: attention that they need when they need it.
• 55:14
  Speaker 1: So it looks like the advance rate is fraction nunder percent,
• 55:18
  Speaker 1: but we're seeing over seven percent year to year jump
• 55:21
  Speaker 1: in healthcare costs. That doesn't seem like it's going to
• 55:24
  Speaker 1: slow down anytime soon. So what do people need to do?
• 55:27
  Speaker 1: What a seniors in particular need to do to make
• 55:29
  Speaker 1: sure to People on a fixed cost of living are
• 55:31
  Speaker 1: the people who I'm most concerned with here, How do
• 55:34
  Speaker 1: they keep up?
• 55:35
  Speaker 11: Yeah, exactly right, it looked at you know, cuts to
• 55:37
  Speaker 11: this program will disproportionately affect our most vulnerable seniors, those
• 55:41
  Speaker 11: with multiple chronic conditions, those who are veterans, those who
• 55:44
  Speaker 11: live on a fixed income, those who live in a
• 55:46
  Speaker 11: rule and remote communities where access to healthcare isn't always
• 55:49
  Speaker 11: convenient or were possible. And so you know, we are
• 55:52
  Speaker 11: making it possible and easy for seniors to make their
• 55:55
  Speaker 11: voices heard with their members of Congress with the administration.
• 55:58
  Speaker 11: You can go to our website and click a button
• 55:59
  Speaker 11: and a tailored message to your representative to say to
• 56:03
  Speaker 11: encourage them to reach out to CMS and say that
• 56:06
  Speaker 11: the proposed rate increase does not meet the realities of
• 56:09
  Speaker 11: their day to day life, which is that healthcare costs
• 56:11
  Speaker 11: are expending. The price of everything is more expensive right now,
• 56:14
  Speaker 11: and healthcare costs are something that seniors factor into how
• 56:17
  Speaker 11: they plan out their budgets for the coming year. You know, Alex,
• 56:20
  Speaker 11: most seniors on the Medicare Advantage program have incomes of
• 56:22
  Speaker 11: less than twenty five thousand dollars a year, and so
• 56:25
  Speaker 11: this is real money that would be you know, out
• 56:28
  Speaker 11: of their pockets and billions of costs passed on to them.
• 56:31
  Speaker 11: And so you know, we want to encourage CMS to
• 56:33
  Speaker 11: match the rate with the reality that seniors face every day.
• 56:36
  Speaker 1: So if you're someone who needs to learns information, let's
• 56:40
  Speaker 1: give out that website now. And also I want to
• 56:42
  Speaker 1: tell people that you might have someone in your life.
• 56:44
  Speaker 1: I might of a parent, grandparent, even onor and uncle
• 56:47
  Speaker 1: who really needs this information.
• 56:49
  Speaker 2: Where do they go?
• 56:50
  Speaker 11: They go to our web page, which is Medicare Advantage
• 56:53
  Speaker 11: Majority dot org to learn more about the issue, to
• 56:55
  Speaker 11: learn more about our organization, to get involved, and again
• 56:58
  Speaker 11: to click a button send a letter to your representative
• 57:01
  Speaker 11: to make your voices heard.
• 57:02
  Speaker 5: And you actually made a great point.
• 57:05
  Speaker 2: Yeah, please please be live. Don't no, no, please please.
• 57:08
  Speaker 5: I was going to say, you know, you made an
• 57:09
  Speaker 5: interesting point.
• 57:10
  Speaker 11: Yeah, you know, this is an organization we focus again
• 57:13
  Speaker 11: not only on the beneficiary but also the caregivers. And
• 57:15
  Speaker 11: so you know, I'm a guy in my early fifties
• 57:17
  Speaker 11: and a member of the Sandwich generation. So you know,
• 57:20
  Speaker 11: my wife and I have two young kids that we
• 57:22
  Speaker 11: also have aging parents and aging family members who need
• 57:24
  Speaker 11: more care than they did even a few years ago,
• 57:25
  Speaker 11: and we're becoming more and more.
• 57:26
  Speaker 5: Responsible for their care as their caregivers.
• 57:29
  Speaker 11: And so this is an issue that impacts not only
• 57:32
  Speaker 11: the seniors we're talking about, but it's got a multiplier
• 57:34
  Speaker 11: effect with all the caregivers and healthcare providers and community
• 57:37
  Speaker 11: leaders who want to surround seniors with you know, a
• 57:40
  Speaker 11: system and network of support that they need and deserve
• 57:43
  Speaker 11: quite frankly in their golden years.
• 57:45
  Speaker 1: I'd like you to say you deserve, because that is true.
• 57:47
  Speaker 1: We want to I always talk about life on my show.
• 57:50
  Speaker 1: We're talking about how we want a culture of life
• 57:51
  Speaker 1: and this means dignity for our older people. And just
• 57:54
  Speaker 1: the math here is not mathing. If it's the benefits
• 57:58
  Speaker 1: are going up a fraction of a percent and the
• 57:59
  Speaker 1: cost or one up seven percent, it just doesn't work.
• 58:02
  Speaker 1: So we need to be able to figure this out.
• 58:04
  Speaker 1: So what do you hearing. Are you hearing from seniors
• 58:06
  Speaker 1: at this point or is your concern that's growing?
• 58:10
  Speaker 11: You know, there is, there's definitely concern that's growing. Sixty
• 58:13
  Speaker 11: three percent, I believe are concerned that it's left unchanged.
• 58:15
  Speaker 11: You know, the twenty twenty seven advantage rate would negatively
• 58:18
  Speaker 11: impact the seniors that are enrolled in this program. They mean,
• 58:22
  Speaker 11: you know, higher costs again, higher premiums, higher deductibles, less
• 58:25
  Speaker 11: access to the doctors and services that they need, less
• 58:28
  Speaker 11: less competition within the system, which is one of the
• 58:31
  Speaker 11: reasons the Medicare advantage system was set up to begin
• 58:34
  Speaker 11: with provide that that private market, the enterprise competition that
• 58:39
  Speaker 11: has made this country great. And so you know, the
• 58:42
  Speaker 11: other important thing in the political reality I think is
• 58:44
  Speaker 11: that fifty five percent of seniors that we've pulled would
• 58:47
  Speaker 11: blame members of Congress if they lost their benefits and
• 58:50
  Speaker 11: lost their plan options. Seniors are very, very empowered on
• 58:54
  Speaker 11: this issue, and they are going to support candidates we
• 58:57
  Speaker 11: believe in this midterm election who supports nthening and protecting
• 59:01
  Speaker 11: Medicare advantage.
• 59:02
  Speaker 1: Okay, so one thing that I think is important to consider,
• 59:05
  Speaker 1: particularly for my audience, that is this effects everyone in
• 59:09
  Speaker 1: the audience. It's the if you've someone older in your life,
• 59:11
  Speaker 1: listen extra carefully. If you are an older person, listen
• 59:14
  Speaker 1: extra carefully. But everyone can pay attention to the political
• 59:16
  Speaker 1: ramifications of this because this is a crucial voting block
• 59:21
  Speaker 1: for people that support the rest of the issues that
• 59:23
  Speaker 1: I'm presenting on the show.
• 59:24
  Speaker 2: Day to day.
• 59:25
  Speaker 1: And really it is politically very risky if we don't
• 59:29
  Speaker 1: change this thing.
• 59:30
  Speaker 2: It seems like that's exactly right.
• 59:32
  Speaker 11: And look President Trump campaign in twenty twenty four and
• 59:34
  Speaker 11: standing up for seniors, he repeated that pledge and made
• 59:37
  Speaker 11: it clear that is still something very important to him
• 59:40
  Speaker 11: and the state at the Union a few weeks ago.
• 59:42
  Speaker 11: To your point, in twenty twenty four, nearly forty million
• 59:44
  Speaker 11: seniors voted in the twenty twenty four presidential election. It
• 59:48
  Speaker 11: was the highest turnout of any age group, any demographic.
• 59:51
  Speaker 11: They were one of the most reliable voting blocks, as
• 59:53
  Speaker 11: you say, And so you know, the president just knows this,
• 59:56
  Speaker 11: and so.
• 59:56
  Speaker 5: Does his team.
• 59:57
  Speaker 11: His own poster Tony for Brits so recently came Mountain
• 1:00:00
  Speaker 11: did a poll for an affiliate organization of ours called
• 1:00:03
  Speaker 11: Better Medicare Alliance, and he found that supporting funding cuts
• 1:00:07
  Speaker 11: to Medicare advantage drove a fourteen point net loss for
• 1:00:10
  Speaker 11: a GOP candidate. Meanwhile, on the other hand, that they
• 1:00:13
  Speaker 11: support Medicare advantage, it improved their standings with the senior voters.
• 1:00:16
  Speaker 11: And so you know, Fabrazio is called this group the deciders.
• 1:00:20
  Speaker 11: They have the ability to move an election. This is
• 1:00:22
  Speaker 11: an issue where seniors are again very vocal, very empowered,
• 1:00:26
  Speaker 11: and they are likely going to support members of Congress
• 1:00:29
  Speaker 11: who support and want to protect this program.
• 1:00:32
  Speaker 1: So give me sort of a short, medium and long
• 1:00:36
  Speaker 1: term goals here, what essentially is most important to accomplish
• 1:00:40
  Speaker 1: immediately for the group that you represent, and what are
• 1:00:44
  Speaker 1: you really eyeing for sort of medium, longer term to
• 1:00:47
  Speaker 1: start getting ahead of some of these issues, because I
• 1:00:49
  Speaker 1: do you feel like we led some of these issues
• 1:00:51
  Speaker 1: where we were at the risk of alienating millions of
• 1:00:53
  Speaker 1: voters here and it's like a last minute deal, which
• 1:00:55
  Speaker 1: is very concerning to me.
• 1:00:57
  Speaker 11: Yeah, a great point. And so our immediate concern is
• 1:00:59
  Speaker 11: this advanced rate note. So CMS will accept public input
• 1:01:04
  Speaker 11: public comments until the end of March, so a few
• 1:01:07
  Speaker 11: more weeks, and then they will determine the final rate
• 1:01:09
  Speaker 11: notice in the first week or so of April. And
• 1:01:11
  Speaker 11: so again we are mobilizing and deploying our coalition of
• 1:01:15
  Speaker 11: leaders and seniors around the country to reach out to
• 1:01:19
  Speaker 11: their congress person, to reach out to the administration, and
• 1:01:23
  Speaker 11: to encourage CMS again to make sure that this rate
• 1:01:26
  Speaker 11: matches the reality of their daily lives, which is costs
• 1:01:29
  Speaker 11: are going up. You know, their healthcare is something they
• 1:01:32
  Speaker 11: depend on, They're living on fixed incomes. This is not
• 1:01:35
  Speaker 11: something to toy around with.
• 1:01:38
  Speaker 1: Yeah, exactly, all right, So giving the call to action,
• 1:01:41
  Speaker 1: what should people do to get involved and what are
• 1:01:43
  Speaker 1: we recommending who do you want to see get involved in?
• 1:01:46
  Speaker 2: What should they be doing again.
• 1:01:48
  Speaker 5: You know, we represent everybody. We represent the seniors.
• 1:01:50
  Speaker 11: Their caregivers, community leaders, family members, everyone who has a
• 1:01:53
  Speaker 11: role to play in the golden years of a senior.
• 1:01:56
  Speaker 11: And so again, you can go to our website Medicare
• 1:01:59
  Speaker 11: Advantage Majority to learn more about our organization, to fill
• 1:02:03
  Speaker 11: out a form, to send a note to your Member
• 1:02:04
  Speaker 11: of Congress, and to encourage the administration to make sure
• 1:02:07
  Speaker 11: that they are coming through with their pledge to stand
• 1:02:11
  Speaker 11: up and protect this vital program to thirty five million
• 1:02:13
  Speaker 11: seniors around the country.
• 1:02:15
  Speaker 1: So dear and grab Medicare Advantage Majority is the group again,
• 1:02:18
  Speaker 1: give us a website, phone numbers, anywhere we need to
• 1:02:20
  Speaker 1: go to get involved right now.
• 1:02:22
  Speaker 10: You got it.
• 1:02:23
  Speaker 5: Medicare Advantage Majority dot org.
• 1:02:26
  Speaker 1: Medicare Advantage Majority dot org. Is that simple one more
• 1:02:29
  Speaker 1: fighting for guys. That's my recommendation. Thanks Darin for being here.
• 1:02:33
  Speaker 1: I appreciate you.
• 1:02:34
  Speaker 5: Great to see man.
• 1:02:34
  Speaker 11: Thank you for having me on My pleasure