Latest / First Thing Today with Joe Thomas / "The Great Manure Crisis of ..." from #CES2026 (Wednesday, January 7, 2026, Hour 1)

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"The Great Manure Crisis of ..." from #CES2026 (Wednesday, January 7, 2026, Hour 1) · First Thing Today with Joe Thomas

• 0:02
  Speaker 1: Scient and more.
• 0:03
  Speaker 2: Megan now make America great again than I've ever.
• 0:07
  Speaker 3: Been, making mornings great again. First thing today on the
• 0:11
  Speaker 3: Chunk Media Network by Joe.
• 0:13
  Speaker 4: Thomas, Greetings and felicitations.
• 0:34
  Speaker 5: Thank you for joining us on a Tedsday, on a
• 0:37
  Speaker 5: day where Bob out listening to us on Freedom ninety
• 0:41
  Speaker 5: seventy in Portland. Perhaps the most appropriate meme of his
• 0:48
  Speaker 5: meme sending career there. It's a Max Lucato quote. I
• 0:55
  Speaker 5: haven't heard that name in forever, Bob, by the way,
• 1:00
  Speaker 5: Because on Tedsday, our business model morphs a little bit.
• 1:04
  Speaker 1: We add to it. We don't.
• 1:06
  Speaker 5: We never change, We don't move things around. Sometimes we
• 1:09
  Speaker 5: augment and to our normal business plan of telling you
• 1:14
  Speaker 5: what went on last night and giving you our analysis
• 1:17
  Speaker 5: of it and then asking you how it impacted you
• 1:20
  Speaker 5: where you are. On a Tedsday, we also celebrate the
• 1:24
  Speaker 5: gifts that God has given you uniquely to you. Some
• 1:27
  Speaker 5: people like our avatar can play guitar, but if you've
• 1:34
  Speaker 5: forgotten about all that macho stuff, you might be a
• 1:38
  Speaker 5: gifted baker, a butcher, or candlestick maker, whatever it is
• 1:42
  Speaker 5: God has gifted you to do your.
• 1:49
  Speaker 1: I don't want to say vociferous, your.
• 1:53
  Speaker 5: Enthusiastic application of it to your community, who, of course
• 1:58
  Speaker 5: will reward you justly for it is special. So the
• 2:01
  Speaker 5: Lucado quote that Bob sent us is you weren't an accident,
• 2:06
  Speaker 5: You weren't mass produced, You aren't an assembly line product.
• 2:09
  Speaker 5: You were deliberately planned, specifically gifted, and lovely lovingly positioned
• 2:15
  Speaker 5: on Earth by the master craftsman. Good job, perfect for
• 2:21
  Speaker 5: a tedsdy Bob. As we gather around, the party rages
• 2:25
  Speaker 5: down on Fremont Street here in Lost Wages, Nevada, and
• 2:31
  Speaker 5: the partying at the consumer electronics show as artificial intelligence
• 2:37
  Speaker 5: and chip makers drove the Wall Street numbers to near
• 2:42
  Speaker 5: record levels.
• 2:43
  Speaker 1: We'll get into that this morning.
• 2:45
  Speaker 5: More blowback and what's going on between Trump and the
• 2:49
  Speaker 5: opposition in Venezuela, And if you don't know by now
• 2:55
  Speaker 5: after following Trump as long as you and I have,
• 3:00
  Speaker 5: it'll be a long morning to splain. But before we
• 3:03
  Speaker 5: get into that, let's tell you what our first things
• 3:06
  Speaker 5: are this morning. In a story that really is a
• 3:11
  Speaker 5: master's class in how a story can change depending on
• 3:14
  Speaker 5: who's telling it, the White House is either going to
• 3:17
  Speaker 5: use military force to take over Greenland or has no
• 3:21
  Speaker 5: such plan outside of the President just being the commander
• 3:25
  Speaker 5: in chief of the military.
• 3:27
  Speaker 1: This has caused a.
• 3:27
  Speaker 5: Series of European leaders to reject questions from their press
• 3:32
  Speaker 5: inferring the American takeover of the world's largest island and
• 3:36
  Speaker 5: positing statements like it would be the end of NATO.
• 3:40
  Speaker 5: White House Press Secretary Caroline Levitt said in a statement,
• 3:43
  Speaker 5: the President and his team are discussing a range of
• 3:47
  Speaker 5: options to pursue this important foreign policy goal of a
• 3:52
  Speaker 5: dominant position in Greenland, and of course, utilizing the US
• 3:56
  Speaker 5: military could always be an option of the commander in chiefs. However,
• 4:01
  Speaker 5: newly appointed Special Envoy to Greenland, Stephen Miller, suggested that
• 4:05
  Speaker 5: military action wouldn't be necessary. Republican Speaker Mike Johnson, when
• 4:10
  Speaker 5: pressed with the same question, said no, I don't think
• 4:13
  Speaker 5: that that would be appropriate. However, as a punctuation mark.
• 4:17
  Speaker 5: Secretary of State Marco Rubio had meetings with lawmakers yesterday
• 4:22
  Speaker 5: and told them that President Trump wants to acquire Greenland
• 4:26
  Speaker 5: through a purchase, not military action. Rubio delivered the remarks
• 4:32
  Speaker 5: during a closed door briefing with members of the Armed
• 4:35
  Speaker 5: Service and Forest Foreign Policy committees in both chambers of
• 4:39
  Speaker 5: Commerce Congress. President Donald Trump said Tuesday, Venezuela is turning
• 4:45
  Speaker 5: over thirty million to fifty million barrels of oil to
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  Speaker 5: the United States, with the proceeds, he said, to benefit
• 4:52
  Speaker 5: both the Venezuelan people and Americans. Venezuela's main opposition leader
• 4:58
  Speaker 5: and Nobel Peace Prize winner, Maria Corina Machado, has vowed
• 5:03
  Speaker 5: to return to Venezuela, praising President Trump for toppling her
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  Speaker 5: enemy Nicholas Maduro and declaring her movement ready to win
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  Speaker 5: a free election. Machado, fifty eight, a lawyer and mother
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  Speaker 5: of three, who snuck out in disguise in October to
• 5:19
  Speaker 5: win the Nobel Peace Prize, which she dedicated to Trump, said,
• 5:23
  Speaker 5: we believe this transition should move forward. We won an
• 5:28
  Speaker 5: election in twenty twenty four by a landslide under fragile
• 5:31
  Speaker 5: and conditions. In a free and fair election, we will
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  Speaker 5: win over ninety percent.
• 5:36
  Speaker 1: Of the votes.
• 5:37
  Speaker 5: Two passages yesterday Michael Reagan, adopted son of late President
• 5:42
  Speaker 5: Ronald Reagan, and Jane Wyman died at the age of
• 5:45
  Speaker 5: eighty and Aldridge Ames, intelligence spy eighty four died in
• 5:53
  Speaker 5: US custody. And those are some of our first things
• 5:57
  Speaker 5: on this Tedsday morning, we talk about first Free in
• 6:00
  Speaker 5: the morning coffee.
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  Speaker 1: And I'm going to tell you something.
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  Speaker 5: two o'clock in the afternoon saying.
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  Speaker 1: I need this is a deadline.
• 6:21
  Speaker 5: And I'm in the middle of meetings with people who
• 6:24
  Speaker 5: are living at two o'clock in the afternoon, thinking, hey,
• 6:27
  Speaker 5: I'm just getting back from lunch. So I mean, I
• 6:31
  Speaker 5: finally just leaned into it yesterday and my wife wanted
• 6:34
  Speaker 5: to enjoy a little time. We're here in the oldest
• 6:37
  Speaker 5: part of Lost Wages Fremont Street, and that's a scene
• 6:41
  Speaker 5: in and of itself, So we spent fifteen twenty minutes
• 6:44
  Speaker 5: wandering around. We threw some money into a slot machine
• 6:48
  Speaker 5: at the Golden Nugget just to say we did. But man,
• 6:50
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  Speaker 3: Twitter, amaze your friends here in the First Thing Today
• 13:14
  Speaker 3: by Joe Thomas.
• 13:18
  Speaker 14: Is.
• 13:44
  Speaker 5: Terry listening to his talk radio eleven ninety in Dallas.
• 13:48
  Speaker 5: Send me this text message this morning? He says, what
• 13:51
  Speaker 5: the hell is going on? I thought Trump was a
• 13:54
  Speaker 5: big fan of Machado. Why is he saying she's not
• 13:58
  Speaker 5: ready to take over Venezuela me personally, Terry I, she's
• 14:08
  Speaker 5: got to have gravitas if she is seen as a
• 14:12
  Speaker 5: puppet of Trump or the American government.
• 14:17
  Speaker 1: And whoever the next president is, whether it's JD.
• 14:20
  Speaker 5: Vance or Abigail Spanberger, I'll pause for a second to
• 14:24
  Speaker 5: allow my Virginia listeners to pull back onto the road
• 14:28
  Speaker 5: after serving into the Median.
• 14:31
  Speaker 1: Okay, all right, No, seriously, she will be one of
• 14:36
  Speaker 1: the names.
• 14:38
  Speaker 5: I'm watching her cabinet picks the volks that she's picking
• 14:42
  Speaker 5: to serve in her government. And like I said in
• 14:47
  Speaker 5: the column I wrote for the Daily Signal dot com,
• 14:50
  Speaker 5: you will know as soon as the first General Assembly
• 14:53
  Speaker 5: session starts dropping crazy left wing bills, and they may
• 14:57
  Speaker 5: drop crazy left wing bills just to give her the
• 15:00
  Speaker 5: opportunity to veto them. And seemed like, you know, the
• 15:03
  Speaker 5: centrist warrior she.
• 15:05
  Speaker 1: Likes to be portrayed as.
• 15:08
  Speaker 5: But anyway, whoever the next president is, don't think you're
• 15:11
  Speaker 5: going to get a hall pass on this just being
• 15:13
  Speaker 5: Trump's misadventure in South America. This is the Americans, and
• 15:19
  Speaker 5: if you look in Venezuela, they're they're treating this as
• 15:22
  Speaker 5: a situation with the American government. This is not this
• 15:27
  Speaker 5: is not oh, this is just Donald Trump. So but
• 15:31
  Speaker 5: Trump Trump being seen as dismissive, a little bit critical of,
• 15:41
  Speaker 5: as the press loves to say.
• 15:42
  Speaker 11: Trump bashes Machado, backs Rodriguez.
• 15:48
  Speaker 5: It's not what he did, of course, because by at
• 15:50
  Speaker 5: this point, after eight years, we've grown quite accustomed to
• 15:55
  Speaker 5: the fact that what the press says in their headlines
• 15:57
  Speaker 5: has little bearing on what was actually said, words that
• 16:01
  Speaker 5: were actually spoken. So let me let me get this.
• 16:05
  Speaker 5: This is Josh Goodman talking about Delsi Rodriguez and who
• 16:11
  Speaker 5: she is in Venezuela.
• 16:15
  Speaker 17: She was Foreign Minister at the time and was really
• 16:19
  Speaker 17: the point of contact for American media, American investors, and
• 16:24
  Speaker 17: anyone from outside Venezuela who was interested in the country
• 16:29
  Speaker 17: at a time of deep, deep economic pain. Her political
• 16:33
  Speaker 17: rise under President macdureall coincided with some of the worst
• 16:37
  Speaker 17: economic moments in Venezuela's history. Millions of people were leaving
• 16:41
  Speaker 17: the country, there was food shortages, inflation was through the roof,
• 16:45
  Speaker 17: and she developed a reputation as a doer, someone who
• 16:50
  Speaker 17: could digest huge amounts of information and make practical decisions.
• 16:56
  Speaker 1: That screwed everyone else. Josh, is that that's what you say.
• 16:59
  Speaker 1: You say that is.
• 17:00
  Speaker 5: Massive unemployment and people leaving the country, and she was
• 17:03
  Speaker 5: the one who made all the decisions. Great Venezuela is
• 17:09
  Speaker 5: going to start looking at the Maduro administration. Is the
• 17:12
  Speaker 5: good old days soon? But to me, Terry, to answer
• 17:18
  Speaker 5: your question, this is President Trump giving Machado the gravitas
• 17:26
  Speaker 5: of someone who isn't a puppet of the administration. And
• 17:35
  Speaker 5: I may be wrong, but so far I haven't. It's
• 17:38
  Speaker 5: been a long time and sometimes it doesn't seem like
• 17:42
  Speaker 5: it right at the onset. I'm still standing by my
• 17:46
  Speaker 5: belief that this was more of a rescue mission for
• 17:51
  Speaker 5: Maduro than it was, you know, and it could have been. Hey,
• 17:56
  Speaker 5: I've got some information. Would you like it? What can
• 17:59
  Speaker 5: you do for me? These Cubans have landed and things
• 18:03
  Speaker 5: are about to get real down here.
• 18:06
  Speaker 1: Can you come get me.
• 18:07
  Speaker 5: I've got some information about these dominion voting machines you
• 18:11
  Speaker 5: might be interested in. So and I'm going to stick
• 18:16
  Speaker 5: with that, although there are plenty of people saying no, no, no, no,
• 18:22
  Speaker 5: this is just you know, this is just colonialism, this
• 18:25
  Speaker 5: is imperialism. This is Trump wanted to own the world.
• 18:29
  Speaker 5: Trump's Trump sleeps with a copy of the Monroe Doctrine
• 18:33
  Speaker 5: under his pillow. Okay, the Monroe Doctrine was James Monroe,
• 18:41
  Speaker 5: the president, the third of the Charlottesville presidents, third of
• 18:47
  Speaker 5: four if you count Donald Trump as one of them,
• 18:51
  Speaker 5: but one of the If you come to Charlottesville, there
• 18:54
  Speaker 5: are many depictions of three presidents.
• 18:57
  Speaker 1: As a matter of fact, that.
• 18:58
  Speaker 5: Charlottesville City Hall, there are three silhouettes right over the
• 19:02
  Speaker 5: door to city Hall, Jefferson, Madison, and James Monroe, who
• 19:07
  Speaker 5: has some very important roles.
• 19:09
  Speaker 1: Number one, Monroe was.
• 19:10
  Speaker 5: The deal maker that got us the Bill of Rights,
• 19:13
  Speaker 5: so he probably deserves a bigger statue than Jefferson and Madison.
• 19:18
  Speaker 5: That being said, as president, he said to the world
• 19:23
  Speaker 5: in an effort to fight off. And this is the
• 19:26
  Speaker 5: funny bit about the Monroe Doctrine. The Monroe Doctrine was
• 19:31
  Speaker 5: established to get rid of colonialism, that the American military
• 19:38
  Speaker 5: might that by the time Monroe became president, was considered
• 19:44
  Speaker 5: to be one of the great fighting forces on the planet.
• 19:48
  Speaker 5: And we hadn't been a country at for a quarter
• 19:50
  Speaker 5: century yet, I mean, never mind two hundred and fifty years.
• 19:53
  Speaker 5: We hadn't been a country for twenty five years, and
• 19:56
  Speaker 5: yet we were considered a pre eminent military, especially naval force.
• 20:02
  Speaker 5: So Monroe said to the colonial powers of Europe, get out.
• 20:09
  Speaker 1: Get out, and get out now, especially the Portuguese.
• 20:12
  Speaker 5: Portuguese were some of the worst colonial governors in the
• 20:18
  Speaker 5: New World. And that was what the Monroe doctrine was about,
• 20:21
  Speaker 5: was that if you try to interfere in any of
• 20:25
  Speaker 5: these American continent countries, we will intercede along with them
• 20:31
  Speaker 5: on their behalf. But the added you know, this idea
• 20:36
  Speaker 5: that Trump wants to own the world, and that kind
• 20:39
  Speaker 5: of thing is convenient narrative for the people who just
• 20:44
  Speaker 5: can't stand the idea that this outsider who we haven't
• 20:48
  Speaker 5: passed through the bowels of appropriateness and digested all the
• 20:53
  Speaker 5: rough hewn bits off of him. So he's a nice,
• 20:56
  Speaker 5: polished turd of uniparty politics. He is saying nice things
• 21:06
  Speaker 5: about Delsi Rodriguez to In my view, my analysis only
• 21:15
  Speaker 5: doesn't seem like because I've looked around, I don't see
• 21:17
  Speaker 5: anyone else saying this.
• 21:18
  Speaker 1: So you can sit there.
• 21:20
  Speaker 5: And say that crazy guy on the talk media network,
• 21:24
  Speaker 5: what the hell? And I'm not doing it just because
• 21:27
  Speaker 5: our banner says independent, we are we're not owned by
• 21:33
  Speaker 5: any of the big media conglomerates. We're completely and totally independent.
• 21:38
  Speaker 5: And sure it's fun to say we're independent and we're
• 21:42
  Speaker 5: from Charlottesville, just like the last time we did it.
• 21:46
  Speaker 5: But this is just how I see it. This is
• 21:47
  Speaker 5: Trump trying to give Machado the gravitas of not being
• 21:53
  Speaker 5: a client of the Trump administration or the American intelligence apparatus.
• 22:02
  Speaker 2: Did you know that healthy arteries make a gas? Yes?
• 22:07
  Speaker 2: Actually three known gas is I'm doctor Mitch, and nitric
• 22:12
  Speaker 2: oxide is a gas that's readily made all day long
• 22:17
  Speaker 2: to keep our arteries open by relaxing the blood vessel walls.
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  Speaker 2: By doing this, our circulation is increased, bringing blood, oxygen,
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  Speaker 10: Uh, oh, bra, that's buzzed.
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  Speaker 5: Thank you for joining us on this TEDS Day four
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  Speaker 5: three four eight eight two four two one seven. That
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  Speaker 5: is the multitasking hotline, so you can tell us how
• 28:32
  Speaker 5: the news of the day is impacting.
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  Speaker 1: You where you are.
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  Speaker 5: And this one Mike Textan, He said, all this stuff
• 28:41
  Speaker 5: about Venezuela and Greenland is all well and good. Why
• 28:44
  Speaker 5: aren't my groceries coming down in price? Well, I was
• 28:48
  Speaker 5: talking to an ad guy here actually at the Consumer
• 28:51
  Speaker 5: Electronics show, and there is hope on the horizon. Now,
• 28:58
  Speaker 5: whether it gets here in time for the midterms or
• 29:00
  Speaker 5: not is going to be the big question. I think,
• 29:02
  Speaker 5: because we watched in Virginia and New Jersey and in
• 29:07
  Speaker 5: New York, the progressives, even the Communists are running on
• 29:12
  Speaker 5: the cost of groceries. And because Joe Biden cut the
• 29:17
  Speaker 5: natural gas supply to the fertilizer manufacturers, it quadruple the
• 29:23
  Speaker 5: price of fertilizer. Now farmers have to buy fertilizer before
• 29:29
  Speaker 5: they grow their crops. What you're paying is the end results.
• 29:33
  Speaker 5: So you know, conservatively speaking, we're talking about a year
• 29:40
  Speaker 5: and a half maybe two years into a cycle of
• 29:44
  Speaker 5: the costs. So first I have to pay a lot
• 29:47
  Speaker 5: for the fertilizer. Then I have to realize that cost
• 29:52
  Speaker 5: by how much I charge for the stuff I grew,
• 29:56
  Speaker 5: and that's that's hitting everyone because the feed that goes
• 30:01
  Speaker 5: into the cattle and the chickens and everything else is
• 30:05
  Speaker 5: grown somewhere. And so this cost of the fertilizer, which
• 30:09
  Speaker 5: I'm told is coming down. The natural gas started flowing
• 30:14
  Speaker 5: to the fertilizer manufacturers again, and the Department of Agriculture
• 30:21
  Speaker 5: sent a notice as far as I can tell out
• 30:24
  Speaker 5: about a year ago, were right at the beginning of
• 30:26
  Speaker 5: the administration, indicating that the supply of natural gas to
• 30:33
  Speaker 5: make fertilizer was going to start flowing again and the
• 30:37
  Speaker 5: administration would expect to see the costs of the fertilizer
• 30:44
  Speaker 5: reflect the lower cost of manufacturing.
• 30:47
  Speaker 1: And I thought it was an interesting way they put it.
• 30:49
  Speaker 1: We reported on it.
• 30:51
  Speaker 5: I guess it was back in February. It was just
• 30:54
  Speaker 5: one of those little arcane things in our first things
• 30:58
  Speaker 5: about the the implication that we'll be watching to see
• 31:05
  Speaker 5: what the costs were, not telling the fertilizer manufacturers you
• 31:09
  Speaker 5: better not leave the costs where they are, because that's
• 31:11
  Speaker 5: the big fear, and it was always the big fear
• 31:14
  Speaker 5: when Joe Biden crashed the prices of everything by pouring money.
• 31:20
  Speaker 5: Funny money really into the economy. You get Andy down
• 31:24
  Speaker 5: in Florida, you'll tell you all about it. He loves
• 31:27
  Speaker 5: mesas to pieces, the Mesa's Institute and art Laugher faster
• 31:32
  Speaker 5: than you can say, Milton Friedman. I mean they were
• 31:34
  Speaker 5: on this like white on rice. They were throwing free
• 31:37
  Speaker 5: money into an economy that wasn't making anything. And it
• 31:40
  Speaker 5: was the combo of the two that really put us
• 31:44
  Speaker 5: in the deep Kimchi. The combo of the two, the
• 31:48
  Speaker 5: easy money. So our incomes ostensibly stayed the same thanks
• 31:54
  Speaker 5: to Payroll Protection Act and things like that, but we
• 31:57
  Speaker 5: weren't working, we weren't making anything, were spending money on
• 32:01
  Speaker 5: stuff someone else was making. And we still haven't come
• 32:07
  Speaker 5: all the way back from it. There are still manufacturing lags.
• 32:11
  Speaker 5: It's a lot better in the last twelve months than
• 32:14
  Speaker 5: or eleven months. M but that's that's where you are
• 32:19
  Speaker 5: with the grocery costs. So it's a it really is
• 32:22
  Speaker 5: a game of chicken. And I don't mean Frank Purdue
• 32:25
  Speaker 5: kind of chicken.
• 32:26
  Speaker 1: It's that it will it get here?
• 32:29
  Speaker 5: Will the costs of groceries start going down because of this?
• 32:34
  Speaker 1: I don't think so.
• 32:37
  Speaker 5: And this is the problem that Republicans are going to
• 32:39
  Speaker 5: face in the midterm, not that I could care less
• 32:42
  Speaker 5: about you know which political party wins, but I just
• 32:45
  Speaker 5: know which political party more frequently aligns with the things
• 32:49
  Speaker 5: I believe, And so I just don't see how the
• 32:55
  Speaker 5: lower prices for fertilizer is going to hit the farmers
• 32:59
  Speaker 5: in time for them to lower the costs of the
• 33:02
  Speaker 5: stuff they're producing, because, especially when it comes to meat, poultry,
• 33:07
  Speaker 5: and that kind of thing, it's going to be a
• 33:09
  Speaker 5: couple of years before that. The lower costs of the
• 33:12
  Speaker 5: fertilizer leads to lower costs of grain, which leads to
• 33:15
  Speaker 5: lower costs of meat. Uh, there's the problem when you
• 33:19
  Speaker 5: have a guy like Joe Biden.
• 33:21
  Speaker 1: Whose advisors crashed.
• 33:24
  Speaker 5: An economy that it isn't a direct economy. It's what
• 33:29
  Speaker 5: do they call it. There's a word for the type
• 33:34
  Speaker 5: of produce, oil and all these things are commodity thank you,
• 33:38
  Speaker 5: commodities economy, where it's going to take a while for
• 33:42
  Speaker 5: lower costs to really start to be realized in the marketplace.
• 33:47
  Speaker 1: A good question.
• 33:48
  Speaker 5: Four three, four eight eight, two four, two one seven.
• 33:51
  Speaker 5: Good morning, you're on the air, first thing this morning
• 33:53
  Speaker 5: with Joe.
• 33:53
  Speaker 1: Who's this This is Matt. Good morning, Matt. How are
• 33:57
  Speaker 1: you doing this? Tedsde Oh not bad.
• 34:01
  Speaker 11: I wanted to point out, I mean, you talk about
• 34:04
  Speaker 11: the cost of fertilizer as if this were just a
• 34:10
  Speaker 11: money issue. The problem with farming is that farming is
• 34:16
  Speaker 11: one of these unfortunate careers where you are buying on
• 34:22
  Speaker 11: retail but selling on wholesale.
• 34:25
  Speaker 5: Truth I mean, and this is unfortunately what drives a
• 34:29
  Speaker 5: lot of big egg because the big egg.
• 34:32
  Speaker 1: Companies can kind.
• 34:34
  Speaker 5: Of leverage I guess this was the upside is you know,
• 34:37
  Speaker 5: if you're selling to you know, to I don't know,
• 34:42
  Speaker 5: Purdue Farms, they've got, you know, a lion's share of
• 34:46
  Speaker 5: the chickens. So if you want to sell chicken feed,
• 34:49
  Speaker 5: you want to cut a deal with them, and the
• 34:51
  Speaker 5: little guy is going to wind up struggling.
• 34:54
  Speaker 1: Yeah.
• 34:54
  Speaker 11: Well, the little guy once he produces his crop, he
• 34:59
  Speaker 11: goes into the market and says, okay, what are you
• 35:05
  Speaker 11: paying for X commodity, whether it's soybean or corn or wheat.
• 35:11
  Speaker 11: Because the market is what determines the price. So the
• 35:17
  Speaker 11: farmer has to eat the cost of that fertilizer.
• 35:24
  Speaker 1: But what this does is if.
• 35:30
  Speaker 11: Just say a field of corn, if I used to
• 35:34
  Speaker 11: plant one hundred acres of corn, okay, And I look
• 35:37
  Speaker 11: at the price of fertilizer and say I can only
• 35:41
  Speaker 11: afford enough fertilizer for seventy five acres.
• 35:45
  Speaker 1: Of corn or twenty five or twenty five.
• 35:49
  Speaker 11: Then that's what I plant and hope I can get
• 35:54
  Speaker 11: my money back out of it. Now, what this does
• 35:56
  Speaker 11: is this takes we'll use your number of twenty five.
• 36:00
  Speaker 11: This takes seventy five acres of corn out of existence for.
• 36:05
  Speaker 1: That cycle, right, right, So there's no corn to buy, right,
• 36:11
  Speaker 1: so that.
• 36:11
  Speaker 11: The overall market is now down seventy five acres of corn.
• 36:16
  Speaker 11: And this goes through the entire system. I mean when
• 36:20
  Speaker 11: I was working in dairy, the creamery was what set
• 36:26
  Speaker 11: the price on the commodity, and we just afford figured
• 36:31
  Speaker 11: out how many cows we could afford.
• 36:33
  Speaker 5: Well, because the creamery is the one that's dealing with
• 36:37
  Speaker 5: the customers. So what I'm willing to buy for ice
• 36:40
  Speaker 5: cream or cream or milk is going to determine.
• 36:45
  Speaker 1: If I can't afford.
• 36:48
  Speaker 5: Three dollars a gallon, then you're going to have to
• 36:50
  Speaker 5: sell it to me for two dollars a gallon.
• 36:53
  Speaker 1: Otherwise it's going to go to waste.
• 36:56
  Speaker 11: Well, but it's also with things such as beef and
• 37:03
  Speaker 11: dairy and the like. Once you take those units out
• 37:08
  Speaker 11: of production, once you take those cows and sell them
• 37:12
  Speaker 11: off to McDonald's for hamburger, it takes a long time
• 37:18
  Speaker 11: to rebuild a producing unit.
• 37:21
  Speaker 5: I see what you're saying, right, the grow the young
• 37:24
  Speaker 5: ones have to grow into it. Yeah.
• 37:27
  Speaker 11: Yeah, so in as far as the economy itself is concerned,
• 37:35
  Speaker 11: that is the pig that is slowly moving through the
• 37:38
  Speaker 11: snake before the economy itself can digest that gap in
• 37:46
  Speaker 11: productive units. This is why I mean the price of
• 37:50
  Speaker 11: eggs went up because a lot of chickens got slaughtered
• 37:53
  Speaker 11: because aav and flew.
• 37:55
  Speaker 5: Right, because the government came in and said we got
• 37:57
  Speaker 5: to get rid of all of these chickens.
• 38:00
  Speaker 1: Yeah.
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  Speaker 13: You were strolling along in Goodwill when just past that
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  Speaker 22: Exercise is hard, so is maintained a healthy diet. Of course,
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  Speaker 1: My name is Jim.
• 41:51
  Speaker 3: I'm a veteran and I lost both legs in Vietnam.
• 41:54
  Speaker 1: My victory was proving that the disability is not a limitation.
• 41:58
  Speaker 1: I'm Julius, I'm a veteran. My victory was going from homeless.
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  Speaker 14: Toll at dav We're on a mission helping veterans of
• 42:06
  Speaker 14: all generations get the benefits they've earned.
• 42:09
  Speaker 21: I'm cc.
• 42:10
  Speaker 22: My victory was finishing my education.
• 42:12
  Speaker 14: When America's veterans win, we all win. Help us support
• 42:16
  Speaker 14: more victories for veterans. Go to dav dot org.
• 42:21
  Speaker 12: We the people are guaranteed five freedoms in the First Amendment.
• 42:25
  Speaker 10: Freedom of speech, freedom of.
• 42:28
  Speaker 5: Religion, freedom of the press, freedom to peaceably assemble, freedom
• 42:36
  Speaker 5: to petition the government.
• 42:38
  Speaker 12: Only the United States has these five freedoms. So simply
• 42:41
  Speaker 12: bound together and guaranteed Think First. Learn more at Think
• 42:45
  Speaker 12: First Amendment dot org.
• 42:47
  Speaker 20: No word in English language is less convincing than probably.
• 42:52
  Speaker 21: Are you sure we should get matching tattoos on our
• 42:55
  Speaker 21: first date?
• 42:56
  Speaker 6: Sure?
• 42:56
  Speaker 9: We'll probably stay together.
• 42:58
  Speaker 6: Probably, it's been twenty three minutes.
• 43:02
  Speaker 13: Since I ate.
• 43:03
  Speaker 6: I can probably swim.
• 43:05
  Speaker 13: You should wait thirty minutes.
• 43:07
  Speaker 1: Okay, I'll tell me what to do.
• 43:09
  Speaker 18: Can it bar.
• 43:11
  Speaker 1: Cramp? I have a cramp.
• 43:16
  Speaker 6: I can probably hit the green from here?
• 43:19
  Speaker 18: Probably?
• 43:23
  Speaker 6: Can I get a mulligan.
• 43:26
  Speaker 1: Ready to go? Hey?
• 43:27
  Speaker 21: Are you sure you're okay to drive?
• 43:29
  Speaker 18: Yeah? I'm pretty sober.
• 43:32
  Speaker 1: Yeah, I'm probably okay.
• 43:35
  Speaker 20: Probably okay isn't okay, especially when it comes to drinking
• 43:39
  Speaker 20: and driving. If you're drinking, call a cab, a car
• 43:42
  Speaker 20: or a friend, buzz driving is drunk driving. A message
• 43:45
  Speaker 20: brought to you by NITSA and AD Council.
• 43:47
  Speaker 21: You know the legal drinking age is twenty one. You
• 43:50
  Speaker 21: may also know this law protects teens. Find out more
• 43:53
  Speaker 21: at Don'tserve Teens dot gov. A message from the We
• 43:56
  Speaker 21: Don't Serve Teens program and the Federal Trade Commissions.
• 44:10
  Speaker 3: Plogy is absolute hundred to do list. Putting the radio
• 44:14
  Speaker 3: on is the first thing today.
• 44:20
  Speaker 5: I appreciate it. Four three four eighty two four two
• 44:23
  Speaker 5: one seven. That is how you do it with us
• 44:25
  Speaker 5: here on Ted Steve Morning, Matt was on the phone
• 44:29
  Speaker 5: having you know, been been a farmer man as well,
• 44:33
  Speaker 5: talking about the costs of things as questions come in
• 44:36
  Speaker 5: and and President Trump laid it out in a press conference.
• 44:41
  Speaker 5: I was it yesterday talking about the importance of Republican
• 44:45
  Speaker 5: majority after the midterms because it's going to be unending
• 44:50
  Speaker 5: impeachment hearings. Keem Jefferies hasn't even been cute about it.
• 44:54
  Speaker 5: He's like, that's that's bill one will be impeached Trump
• 44:59
  Speaker 5: And they're just and a lot of it, you have
• 45:02
  Speaker 5: to understand how they play the game is a lot
• 45:05
  Speaker 5: of the impeachment is going to be just like the
• 45:07
  Speaker 5: Steele dossier. It's going to be a statement that then
• 45:12
  Speaker 5: gets reported on, and then the reportage of the statement
• 45:16
  Speaker 5: becomes evidence in a court proceeding. It's amazing to watch
• 45:21
  Speaker 5: how this happens. But you can create evidence simply by
• 45:28
  Speaker 5: saying something and then getting a bunch of people in
• 45:30
  Speaker 5: the news media to report.
• 45:34
  Speaker 1: What you said.
• 45:34
  Speaker 5: Anyway, Matt, I appreciated your talk on the agribusiness. So
• 45:39
  Speaker 5: let me ask you this, Matt, and having worked in
• 45:43
  Speaker 5: the world and then covered the world as a journalist
• 45:47
  Speaker 5: as well, you're painting a bleak picture for conservative thought
• 45:53
  Speaker 5: in the midterms because we watched New Jersey, New York,
• 45:57
  Speaker 5: and Virginia fall.
• 45:59
  Speaker 1: Prey to to.
• 46:02
  Speaker 5: Make America affordable again, and it's all a subsidy. It's
• 46:06
  Speaker 5: either a supply side subsidy or it's direct subsidy.
• 46:11
  Speaker 1: And I don't know what Trump does.
• 46:13
  Speaker 5: I don't know if he goes in and starts trying
• 46:16
  Speaker 5: to subsidize. And I don't even know if that if
• 46:19
  Speaker 5: he has time to do that and have it bury
• 46:22
  Speaker 5: on impact by September or October.
• 46:26
  Speaker 11: I mean, the difficult thing for Trump and the Republicans,
• 46:30
  Speaker 11: particularly the Republicans a cycle around is they need to
• 46:36
  Speaker 11: explain reality, and they've never been good at that. I mean,
• 46:43
  Speaker 11: part of the part of the problem with so many
• 46:46
  Speaker 11: of these politicians is they'll make these promises about, you know,
• 46:52
  Speaker 11: I will make your food cost less. They get elected
• 46:57
  Speaker 11: on Tuesday, they take office on Wednesday, and by Thursday,
• 47:01
  Speaker 11: people are complaining, well, why you told me my VOOTD
• 47:05
  Speaker 11: costs last?
• 47:06
  Speaker 1: Oh, you just came back.
• 47:07
  Speaker 11: To the market.
• 47:08
  Speaker 5: You must follow Mark Warner on social media.
• 47:12
  Speaker 1: It's his entire you know, that's his entire press kit.
• 47:15
  Speaker 1: Is Trump promised he was going to make things less affordable,
• 47:19
  Speaker 1: less expensive.
• 47:20
  Speaker 5: I mean, I'm sure he's doing that about the crack
• 47:23
  Speaker 5: cocaine as well. Every time Trump blums another drug boat, Oh,
• 47:27
  Speaker 5: he's hitting poor Americans the hardest. Their drugs are going
• 47:31
  Speaker 5: to cost more now.
• 47:32
  Speaker 1: It's crazy.
• 47:33
  Speaker 11: And this is this is you know, they some of
• 47:37
  Speaker 11: these democrats are hitting the tariffs for the high price
• 47:42
  Speaker 11: of food and other goods. And my automatic reaction is this,
• 47:50
  Speaker 11: by God, is the United States of America? Why do
• 47:55
  Speaker 11: we have to import beef from the argent That's the
• 48:00
  Speaker 11: true Why do we have to Why do we have
• 48:02
  Speaker 11: to export chickens to China for them to process and
• 48:06
  Speaker 11: then send back to.
• 48:07
  Speaker 1: Us because that's less expensive.
• 48:11
  Speaker 11: Why can't we take care of this stuff internally? But again,
• 48:16
  Speaker 11: this becomes the pig and the snake of the economy,
• 48:20
  Speaker 11: where none of this turns on a dime. None of
• 48:23
  Speaker 11: this happens overnight. People have to look at it and say,
• 48:29
  Speaker 11: you know, like somebody will get an idea saying, well,
• 48:32
  Speaker 11: why are we importing this? I could make that cheaper
• 48:37
  Speaker 11: than they're doing over there, because I've got an idea.
• 48:42
  Speaker 11: And it takes a year or so to set up
• 48:44
  Speaker 11: his operation to produce whatever widget we're talking about cheaper,
• 48:51
  Speaker 11: and in the long run, the widget becomes cheaper, but
• 48:55
  Speaker 11: it's not overnight. And this is the we have gotten
• 49:00
  Speaker 11: to live in such a fantasy world where we think
• 49:07
  Speaker 11: these political promises are going to happen overnight.
• 49:10
  Speaker 5: Right, No, yeah, you're you're without question correct on that.
• 49:14
  Speaker 5: I was thinking about our friend Joel Salatin of the
• 49:18
  Speaker 5: Rogue Farmer and you know, nearly became the FDA chief.
• 49:21
  Speaker 1: That would have been a heady day.
• 49:22
  Speaker 5: You think, you think RFK Junior is running through the
• 49:27
  Speaker 5: Health and Human Services with a scythe but you know,
• 49:30
  Speaker 5: what he does to circumvent the regulations. And if you
• 49:34
  Speaker 5: ever go to his rogue farm conference, he holds two
• 49:38
  Speaker 5: a year, one here in Virginia and one at one
• 49:40
  Speaker 5: of his fellow farmers somewhere else in the country. But
• 49:43
  Speaker 5: it's just a fascinating thing to watch how these farmers
• 49:46
  Speaker 5: are trying to sell to consumers and circumvent the regulations.
• 49:51
  Speaker 5: Never mind the costs of the fertilizer. The government fertilizer
• 49:55
  Speaker 5: that they're getting buried under is a big part of
• 50:00
  Speaker 5: of it, as well thought.
• 50:02
  Speaker 11: And also also Joel understands an integrated farm operation, and
• 50:11
  Speaker 11: this is this is the problem, one of the problems.
• 50:15
  Speaker 11: After the war, the government encouraged all of these farmers
• 50:21
  Speaker 11: to specialize, right you you milk cows. Let some guy
• 50:26
  Speaker 11: in Georgia worry about the chickens. Let some guy in Kansas.
• 50:30
  Speaker 1: Worry about the hogs.
• 50:32
  Speaker 11: Right, and each operation becomes dependent well entirely on one crop.
• 50:39
  Speaker 5: And that also, which is the draft Joel is avoided,
• 50:45
  Speaker 5: right exactly. It's you know, be a farmer, not a
• 50:48
  Speaker 5: specific type good stuff. Matt I appreciated, my friend.
• 50:51
  Speaker 11: Well, there's there's there's an old expression that the average
• 50:54
  Speaker 11: American farmer can go bankrupt in five years with the
• 50:58
  Speaker 11: help of Cornell, he can do it.
• 51:01
  Speaker 1: Hey, yes, my family's alma mater. I survived. I didn't
• 51:05
  Speaker 1: have to go to Ehaco, but I appreciate it.
• 51:07
  Speaker 11: Sir.
• 51:07
  Speaker 1: You have a great morning, all right, thank you. Yeah,
• 51:12
  Speaker 1: we want to be.
• 51:12
  Speaker 5: There are scholarships to Cornell University in the name of
• 51:16
  Speaker 5: Joe Thomas, not me, my dad. And it's hotel and restaurant,
• 51:20
  Speaker 5: it's you know. And there were engineers, not the ag folks.
• 51:26
  Speaker 5: I guess it's an adjunct there as well. I was
• 51:28
  Speaker 5: talking to Steve Campbell, as friend of mine, is an
• 51:31
  Speaker 5: investment guru at Cornerstone Wealth Advisors, and he showed me
• 51:37
  Speaker 5: some statistics that I was surprised at. He said, at
• 51:42
  Speaker 5: the end of January twenty twenty four, the impact of
• 51:47
  Speaker 5: tariffs on the economy was eighteen percent. And you'll hear
• 51:52
  Speaker 5: as we head and ramp into the midterms a lot
• 51:55
  Speaker 5: of political rhetoric about the cost of Trump's tariffs. You
• 51:59
  Speaker 5: know what, the impact the tariffs are right now on
• 52:02
  Speaker 5: the American economy as a percentage of the churn eleven percent.
• 52:10
  Speaker 5: So it was eighteen percent when Trump took office and
• 52:14
  Speaker 5: it's eleven percent now despite all the coverage and all
• 52:18
  Speaker 5: the other things, because what's happening is the tariffs have
• 52:21
  Speaker 5: led to better trade deals, which means the tariffs come up,
• 52:24
  Speaker 5: and so the actual impact on the American economy is
• 52:29
  Speaker 5: seven percent lower now than it was when Trump took office. Now,
• 52:34
  Speaker 5: if that doesn't mean anything to you, because again you're
• 52:36
  Speaker 5: sitting there SENTI I don't know. But for an example,
• 52:39
  Speaker 5: we just our flagship city just hired a jobs are
• 52:43
  Speaker 5: one of my dear friends does a network to work
• 52:47
  Speaker 5: program because there's a lot of jobs that are unfilled.
• 52:49
  Speaker 10: Still, crime across the country is at an all time high.
• 52:54
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