Latest / The Mark Simone Show / Hour 2: $750,000 is enough to be in the top 1 percent.

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Hour 2: $750,000 is enough to be in the top 1 percent. · The Mark Simone Show

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Speaker 1: Talking about everything you care about, marks and moons on wor.
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Speaker 2: Well, Hey, welcome to the second hour. That's right, the
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Speaker 2: second hour, in case you don't know, we start at
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Speaker 2: nine o'clock. Now, the show is now nine am till noon,
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Speaker 2: nine o'clock till noon every day, so this is the
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Speaker 2: second hour of the show. And if you're a podcast listener,
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Speaker 2: remember you get an extra hour of podcast every day.
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Speaker 2: So coming up, the jobs numbers came out, they were
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Speaker 2: a lot. The jobs were expected to grow, they ended
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Speaker 2: up plunging. What's the story. We'll talk to the best
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Speaker 2: expert on the subject coming up a little later this hour,
0:38
Speaker 2: and we'll get to Iran. We'll get to a crazy mom, Donnie.
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Speaker 2: Now intelligence is now warning that Russia is plotting an
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Speaker 2: attack on another on a NATO country. They have already
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Speaker 2: obviously invaded Ukraine. That's not going well for them. They
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Speaker 2: are just kind of stuck in the mud there, even
1:02
Speaker 2: four or five years into it. But US intelligence is
1:06
Speaker 2: warning that Putin is plotting an invasion of a NATO country,
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Speaker 2: an attack. Now, when he invaded Ukraine, everybody expected Ukraine
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Speaker 2: to fall at some point. Ukraine has been brilliant battling
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Speaker 2: back and they've become the biggest drone manufacturer. They were
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Speaker 2: depending on US for everything. A war nowadays is mostly
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Speaker 2: fought with drones. That's the big weaponry, the drones. And
1:36
Speaker 2: give Zelenski credit in the Ukraine. He figured out how
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Speaker 2: to build the perfect drones for warfare. He figured out
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Speaker 2: how to build his own factories, and he's churning them
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Speaker 2: out like crazy. That's why he's able to just fend
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Speaker 2: off Russia. Russia's making no progress in Ukraine. So apparently,
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Speaker 2: according to the US intelligence, Putin is plotting to invade
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Speaker 2: another country in the fall. Now. He could also be
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Speaker 2: plotting that to just happen right before midterms to cause
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Speaker 2: Trump more headaches. But we'll see you use intelligence is
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Speaker 2: often wrong. That's often the case. They've been wrong about
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Speaker 2: a lot of things, from weapons of mass destruction to well,
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Speaker 2: you can run down the list. It's a very, very
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Speaker 2: long list. But then that NATO would be totally dependent
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Speaker 2: on the US to come in and rescue a country there.
2:27
Speaker 2: Remember christinome thrown out of the Trump administration. You remember
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Speaker 2: Corey Lewandowski, who ten years ago was a part of
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Speaker 2: the Trump campaign and then part of the problem with
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Speaker 2: Christy Nome besides all the other stuff which she seemed
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Speaker 2: to be carrying on some love affair with Corey Lewandowski. Well,
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Speaker 2: apparently Corey Lewandowski is now plotting a comeback to the
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Speaker 2: Trump world. He wants to be back in, and he
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Speaker 2: apparently plans to bring Christinome back in with him. Good
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Speaker 2: luck with that. There were the two of them seen
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Speaker 2: riding horses on the beach or something, putting out pictures.
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Speaker 2: If this is part of the campaign, I don't know.
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Speaker 2: I don't think this is going anywhere. That's the reason
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Speaker 2: they all got thrown out. El Sayad, Boy, this guy's
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Speaker 2: like another Mom Donnie. He's got a big smile. He's
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Speaker 2: just fast talking, confident, smooth, but like Mom Donnie, an
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Speaker 2: anti Semite, which means white supremacist. That's a core principle
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Speaker 2: of white supremacy. Anti Semitism, big part of white supremacy.
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Speaker 2: So El Sayad, you know, and he's hanging around with
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Speaker 2: that Hassan piker who's like the worst anti Semite, anti American,
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Speaker 2: thinks we deserve nine to eleven, that kind of stuff.
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Speaker 2: El Sayyd refuses to distance himself from that. So you
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Speaker 2: got that, you got the crazy mom Donnie. Yeah, one third,
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Speaker 2: thirty percent of Democrats now saying they love there are socialists.
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Speaker 2: They love this socialist stuff. But what's the deal with
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Speaker 2: these guys, these Mom Donnie types. The things they talk about,
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Speaker 2: the things they propose would be disaster. They're not practical.
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Speaker 2: You could never really get them done, whether it's going socialists,
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Speaker 2: whether it's opening a government grocery store, whatever it is.
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Speaker 2: But what is the deal with them? Are they just
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Speaker 2: that crazy that they believe this stuff? Or are they
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Speaker 2: that smart that they know there's enough those voters out there,
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Speaker 2: those pamperts, boiled elite, rich kids living in their parents'
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Speaker 2: house who can't get each other. This Columbia University, Harvard
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Speaker 2: idiotic kids that just came out of those indoctrination camps.
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Speaker 2: Do they think there's enough of them that as long
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Speaker 2: as they keep throwing them red meat, that they can
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Speaker 2: get their votes? I don't know. I don't know, Mom Donnie.
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Speaker 2: The Staten Island thing is fascinating too. He goes to
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Speaker 2: stay at an island where he's hated. He's speaking at
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Speaker 2: a police event with a lot of police types there,
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Speaker 2: and obviously they hate him. What did he think was
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Speaker 2: going to happen. He goes up on stage and literally
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Speaker 2: gets booed off the stage.
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Speaker 3: Why did I talk him at are you ready for
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Speaker 3: someone that day?
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Speaker 4: Oh?
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Speaker 2: No, we're getting work. Somebody's getting any work getting what.
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Speaker 2: The boos got so crazy he had to leave the stage.
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Speaker 2: They had to escort him away, so he didn't even
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Speaker 2: last one minute up there on the stage. But he's
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Speaker 2: not stupid. What was he thinking? Was he thinking, Uh,
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Speaker 2: maybe this will look good with my crazy voters. Maybe
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Speaker 2: to them it'll look good. Maybe it'll make them love
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Speaker 2: me even more for doing that. Why is he going
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Speaker 2: to the nine to eleven ceremonies? You know it's going
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Speaker 2: to be ugly for him. He's going to get that
5:54
Speaker 2: kind of booing and the nine to eleven families have
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Speaker 2: said they will all turn their back on him. You
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Speaker 2: remember when the cops did that to the Blasio. That
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Speaker 2: video was everywhere. It was ugly. So why is he
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Speaker 2: doing that? Maybe he just knows with his crowd, they'll
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Speaker 2: love that. They'll just love that stuff. His crowd has
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Speaker 2: no regard for the nine to eleven families. His crowd
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Speaker 2: thinks we deserved nine to eleven, that we caused it.
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Speaker 2: So who knows what he's up to. The grocery store
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Speaker 2: stuff is going. You're never going to see one of
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Speaker 2: these grocery stores ever open, but it sounds good. He
6:29
Speaker 2: was doing a big event yesterday to promote the buses.
6:33
Speaker 2: Remember he promised free buses. Well, yesterday he never made
6:37
Speaker 2: any mention of that. He was doing an event to
6:39
Speaker 2: promote fast busses. He was speeding up the buses. He
6:44
Speaker 2: bragged about that the fast buses. They calculate the average
6:48
Speaker 2: speed of a bus is I don't know, six point
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Speaker 2: eight miles an hour. He's going to get it to
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Speaker 2: twelve miles in it. But that's mostly a traffic problem.
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Speaker 2: You can fix that by getting rid of the bike lanes,
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Speaker 2: and that would add two more lanes to every street.
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Speaker 2: That would speed traffic up. But the free busses, and
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Speaker 2: when he was running, he must have he's not stupid.
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Speaker 2: He must have known that a mayor has absolutely no
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Speaker 2: control over the buses. It's run by the state, it's
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Speaker 2: run by the MTA. They're the ones that can change
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Speaker 2: the price, not him. He can do things to make
7:21
Speaker 2: the traffic flow a little better. He can change the
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Speaker 2: lanes on the street, But so I don't know what
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Speaker 2: it is. I don't know if he's just just idealistic,
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Speaker 2: crazy nuts or he's just scheming. He just knows he's
7:34
Speaker 2: playing to his crowd. You know, they're yelling about tax
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Speaker 2: the rich now, and apparently he and Hokeel are plotting
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Speaker 2: some sort of after the election's over to make that
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Speaker 2: a big campaign tax the rich now. Right now, the
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Speaker 2: rich pay almost all the taxes. The top one percent
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Speaker 2: pays almost fifty percent to pay like forty eight percent
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Speaker 2: of the tax. By the way, how much do you
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Speaker 2: think you have to make to be in the top
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Speaker 2: one percent? How much do you think you have to
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Speaker 2: make a year to be in the top one percent?
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Speaker 2: Are you thinking, oh, jeseu, it must be ten million
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Speaker 2: and five million. Not really, it's like seven hundred and
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Speaker 2: fifty thousand. If you make seven hundred and fifty thousand
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Speaker 2: a year, you're in the top one percent. Corey Booker
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Speaker 2: and the rest of the Democrats are going nuts about
8:22
Speaker 2: this Delaney Hall. That's a detention center when Ice arrests
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Speaker 2: illegals off the street, and they're targeting right now illegals
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Speaker 2: who are also criminals, who are committing crimes besides being
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Speaker 2: here illegally they're criminals. They're robbing, raping gang members, so
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Speaker 2: they're criminals. They getting them off the street. They put
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Speaker 2: them into Laney Hall. Somebody has died there, but they now,
8:45
Speaker 2: there was an incident this week where somebody got sick.
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Speaker 2: They were on their way to or they were in.
8:51
Speaker 2: They were just brought in and then they got sick.
8:53
Speaker 2: They were having a seizure or something, so they were
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Speaker 2: rushed to the hospital and then died in the hospital.
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Speaker 2: So the death not in Delaney Hall, and it was
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Speaker 2: a medical thing. It wasn't and it happened on his
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Speaker 2: way in, So you can't really blame Delaney Hall. But
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Speaker 2: they're using that as an excuse to close it down.
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Speaker 2: Corey Booker yelling and screaming about it. I'm now asking
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Speaker 2: for unanimous consent to pass the Delaney Hall Closure Act,
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Speaker 2: which will close Delaney Hall within ninety days. They're out
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Speaker 2: of excuses, We are out of time. How many more
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Speaker 2: people should die? Well, now, remember Corey Booker or any
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Speaker 2: of these nutjobs. They would close Delaney Hall if nobody died,
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Speaker 2: if everybody was just fine. They want to close Delaney Hall.
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Speaker 2: It's a symbol to them of something awful that's something
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Speaker 2: being getting rid of the illegals that are here, getting
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Speaker 2: rid of the criminals off the street. The Booker types
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Speaker 2: do not want any mechanism anywhere that would pick up
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Speaker 2: illegal aliens and send them back. That's the last thing
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Speaker 2: they want. Delaney Hall is a detention center that leads
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Speaker 2: to deep portation. So if there's anything ICE is a
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Speaker 2: group that goes around and arrests the illegals, they want
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Speaker 2: to get rid of that. There's a detention center where
10:08
Speaker 2: they take well, they want to get rid of that.
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Speaker 2: Anything that cleans up this mess. They love this mess.
10:14
Speaker 2: They created this mess. Anything that would clean it up
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Speaker 2: they want to get rid of. So you're going to
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Speaker 2: hear a lot about this. You see this on the
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Speaker 2: Sunday shows, and you'll hear this over the weekend. Close
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Speaker 2: Delaney Hall. That campaign will continue. Hey, President Trump sented
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Speaker 2: this executive order to ban birth tourism birthright citizenship. In
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Speaker 2: other words, in illegal can just run over the border,
10:37
Speaker 2: have a baby and it's a citizen. They want to
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Speaker 2: get rid of that. The Supreme Court ruled in favor
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Speaker 2: of it, keeping it. It was a really stupid decision,
10:50
Speaker 2: just an incorrect decision by the Supreme Court. So President
10:54
Speaker 2: Trump lost there. So now he's signing this executive order
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Speaker 2: to ban birth right citizenship birth tourism. Now, people are
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Speaker 2: arguing this executive order, it's not legal. It's not going
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Speaker 2: to work. The Congress would have to but it's not
11:08
Speaker 2: going to hold up. He knows that it's not going
11:13
Speaker 2: to hold up. But that's not the idea. Now, the
11:15
Speaker 2: reason he signs this executive order is it'll cause a
11:18
Speaker 2: big stink and people will argue it's not legal, and
11:21
Speaker 2: it'll cause all this fuss and it'll have to go
11:24
Speaker 2: to the Supreme Court. So that's why he's doing this.
11:28
Speaker 2: This executive order will cause the case to go back
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Speaker 2: to the Supreme Court, where he hopes he can win.
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Speaker 2: This time. He hopes getting it back there, we'll get
11:36
Speaker 2: him a second chance in front of the Supreme Court
11:39
Speaker 2: and help him help him win this case. So did
11:44
Speaker 2: I see a football game last night? I couldn't believe it.
11:48
Speaker 2: It's close to eleven o'clock. I put on a channel
11:52
Speaker 2: four eleven o'clock news. There's a football game just ending.
11:56
Speaker 2: It's only August seventh. What the hell is going on?
11:59
Speaker 2: That's how you know it's a bad time. You know
12:02
Speaker 2: August is like the Sunday of summer. It's like the end.
12:06
Speaker 2: It's like, you know, when you're walking by Staples and
12:09
Speaker 2: they got big back to school signs and you realize
12:11
Speaker 2: the summer is in. That's the worst sign when you
12:14
Speaker 2: see a football game on TV. Although although it was
12:18
Speaker 2: a very good game, I got to give them credit
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Speaker 2: for that. Hey, New York City, you know you think
12:25
Speaker 2: that all over the country we're thought of as a
12:29
Speaker 2: horrible place where everybody's fleeing, crime ridden, dirty, homeless. Well
12:35
Speaker 2: some people like to think that, Hey, there are parts
12:37
Speaker 2: of New York that are pretty messy, but we're in
12:40
Speaker 2: the middle of Manhattan right here. It looks beautiful. It
12:42
Speaker 2: looks like it always looked. Now, listen to this. If
12:46
Speaker 2: you went all over the country, just generally around the country,
12:50
Speaker 2: what do Americans think is the most romantic city in America? Nope, Sorry,
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Speaker 2: New York City wins by a land slide. Believe it
13:00
Speaker 2: or not. They study a lot of things, a lot
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Speaker 2: of social media, a lot of Google searches, and apparently,
13:08
Speaker 2: among a lot of people, New York is the most
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Speaker 2: romantic place. In other words, if you want a romantic getaway,
13:14
Speaker 2: if you want to propose to somebody, and it's a
13:18
Speaker 2: great way to look at this. You go through all
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Speaker 2: the instagrams in America and more people come to New
13:25
Speaker 2: York for that kind of stuff. More people want a
13:27
Speaker 2: picture of the proposal in New York in Central Park
13:30
Speaker 2: on top of top of the Empire State Building. Around
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Speaker 2: the country, people think of this as the most romantic
13:37
Speaker 2: place of all and they think going to a Broadway show,
13:41
Speaker 2: horse carriage ride in Central Park, walking through Rockefeller Center,
13:46
Speaker 2: they think of this as very romantic. Remember we walk
13:50
Speaker 2: through Rockefeller Center and anything. We're im just so crowded here,
13:53
Speaker 2: like traffic. They think it's so romantic. They think it's
13:57
Speaker 2: the perfect proposal location, perfect an verse relocation. They think
14:01
Speaker 2: we have the most romantic restaurants. We actually do the
14:05
Speaker 2: best date night ideas, the best romantic getaways. Uh, this
14:10
Speaker 2: is according to all the instagrams in America. I mean
14:13
Speaker 2: other cities too, kind of well, there's some other cities
14:15
Speaker 2: that have some of this, but New York leads in
14:18
Speaker 2: a landslide, in a landslide in that category. Hey, we'll
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Speaker 2: take some calls. Next. Eight hundred three to two one
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Speaker 2: zero seven ten is the number. Give me a call,
14:28
Speaker 2: especially if you haven't called before. We like new callers
14:31
Speaker 2: all the time. Eight hundred three two one zero seven ten.
14:36
Speaker 3: No, No Mark Zimon show nine until noon weekday for
14:41
Speaker 3: Mark sevent tenor well, I think.
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Speaker 2: It's a little too much Mark, if you asked me.
14:46
Speaker 2: But anyway, we'll take some calls. Eight hundred three to
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Speaker 2: two one zero seven ten is the number. Let's go
14:52
Speaker 2: to Tom and New Rochelle. Tom.
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Speaker 5: How you doing, Hey, Mock, very well, thank you for
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Speaker 5: taking my call. I'm calling about the excitement and romance
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Speaker 5: of New York City. Yes, I've been a New York
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Speaker 5: City tour guide for the last twenty years. Licensed tour guide,
15:08
Speaker 5: private tours, public tours, bus stores, you name it.
15:12
Speaker 2: Are you on one of those double decker buses.
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Speaker 5: I used to be. I started out there twenty years ago.
15:18
Speaker 5: That's a baptism by fire. So I'm finished with that.
15:23
Speaker 5: So I do private tours and visiting buses.
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Speaker 2: And what's the most popular thing that for these yokels?
15:29
Speaker 2: I mean, these were lovely people that you share them.
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Speaker 5: The most popular thing is not the history of New York,
15:36
Speaker 5: not the architecture. It is pop culture. If I point
15:40
Speaker 5: out the Plaza Hotel, and talk about the Astra family
15:44
Speaker 5: and nineteen oh seven and all of that. People are
15:48
Speaker 5: not interested. But if I say home alone too, the
15:50
Speaker 5: cameras come out, they take a picture. It's the same everywhere.
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Speaker 5: So film and television are the best things for promoting New.
16:01
Speaker 6: York to villa.
16:02
Speaker 2: I'll give us some other big TV movie locations in
16:05
Speaker 2: New York.
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Speaker 5: Oh, oh, Greenwich Village, the Friends Cafe in Greenwich Village.
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Speaker 5: Right now there are people taking pictures. I'm not there,
16:14
Speaker 5: I'm in the Rochelle. But right now there are people
16:17
Speaker 5: taking pictures at the Friends Cafe, which is not Central Perk,
16:21
Speaker 5: but the Little Owl restaurant, and just a couple of
16:25
Speaker 5: blocks away Carrie Bradshaw's Brownstone. There are women taking pictures
16:29
Speaker 5: there right now. So but and apart from that, also,
16:34
Speaker 5: the Wall Street Bull is extremely popular. Both ends of
16:40
Speaker 5: the bowl, the front and a packed people take pictures.
16:44
Speaker 5: And the only the other thing I was just going
16:47
Speaker 5: to say about tourism and travel in New York, But
16:52
Speaker 5: is I now see New York through the eyes of visitors.
16:56
Speaker 5: I don't see you through my old, tired New York guys.
16:59
Speaker 2: Yeah, that's a good point. We don't appreciate all this stuff.
17:02
Speaker 2: But you see, you would have thought that years ago.
17:04
Speaker 2: I want to see Teddy Roosevelt house. Now we want
17:06
Speaker 2: to see Kerry Bradshaw's house. So everything is everything has changed, well,
17:10
Speaker 2: very interesting time the truth interesting guys.
17:15
Speaker 5: I see it too fresh eyes, and it's made all
17:17
Speaker 5: the difference. We have such a.
17:19
Speaker 2: If I went to Newer Shelle. What would you show
17:22
Speaker 2: me there? What's the big sights in New m You
17:27
Speaker 2: got a Trump Tower in New Mischelle, you got a yeah.
17:31
Speaker 5: Yeah, there's a lot of there's a skyline now.
17:34
Speaker 2: Yeah, you got a skyline, uh yeah, exits.
17:37
Speaker 5: Sixteen there, Yeah, the shore, the showline of the Hey.
17:44
Speaker 2: You got that old, that old Glen Island casino that's
17:47
Speaker 2: still there. That was quite the yeah, yeah, yeah, all right, Tom,
17:51
Speaker 2: great call, thanks for calling. Let's go to Tom in Pennsylvania. Tom.
17:54
Speaker 2: How you doing?
17:56
Speaker 6: Hey, Mark, I love the three hours. Listen to me.
18:00
Speaker 6: Years ago, I was in Central Park in Tavern on
18:03
Speaker 6: the green uh huh, and the horse and buggies that
18:06
Speaker 6: were going through there. You had punks setting off fil
18:10
Speaker 6: rockets and fireworks at the horses and the people and
18:13
Speaker 6: the buggies and the guy who's driving the damn horse
18:17
Speaker 6: and buggy. He was tearing through there. That must have
18:19
Speaker 6: been a ride through hell. I don't understand anybody doing that.
18:24
Speaker 6: I'm not sure if it's like that today.
18:26
Speaker 2: No, it's nice now. You know, people don't realize we
18:28
Speaker 2: got a little crime here and they're not much. But
18:30
Speaker 2: people don't realize their crime was far worse than the
18:32
Speaker 2: nineteen eighties, much worse back then.
18:36
Speaker 6: I guess it was, and that's probably one of the reasons.
18:38
Speaker 2: And what are you doing in tavern On the Green?
18:40
Speaker 2: You went in there to use the restroom? Is that it?
18:42
Speaker 7: No?
18:42
Speaker 6: No, no, no, I had well.
18:44
Speaker 2: I actually spent some money.
18:45
Speaker 6: Good for you. Hey, you know I'm not rich, but
18:48
Speaker 6: I had to do it for the wife, and you know,
18:50
Speaker 6: you know how that works.
18:51
Speaker 2: Well. Tavern On the Green was so beautiful. But weren't
18:54
Speaker 2: you surprised at how mediocre the food was?
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Speaker 6: That is absolutely correct. It was way over over rated.
19:01
Speaker 2: Yeah, but it was beautiful. Thanks for calling Tom. You
19:03
Speaker 2: gotta remember tavern On the Green was quite the tourist destination.
19:07
Speaker 2: And if you're a tourist destination, the food doesn't have
19:11
Speaker 2: to be so great. Nobody's coming back. The tourists. They
19:14
Speaker 2: come once every few years, and if you're trying to
19:16
Speaker 2: be a local neighborhood restaurant, better be good. Otherwise nobody's
19:19
Speaker 2: coming back. Let's go to Dan and Queen's Dan. How
19:22
Speaker 2: you doing good, Mark?
19:25
Speaker 4: I was on the Lexington and thirty third Street stop yesterday.
19:29
Speaker 4: I'm always on the subway's eighty two year old guy.
19:32
Speaker 4: Those subway steps keep me alive. But I noticed they
19:35
Speaker 4: put up new gates. They're plastic. They open up like
19:39
Speaker 4: a door.
19:39
Speaker 5: Yeah, pretty much.
19:41
Speaker 4: From the top to the bottom, and possible to jump over.
19:45
Speaker 4: I couldn't resist. They asked the clerks, the subway poken clerks,
19:48
Speaker 4: if they're working. They laughed, and they said, where there's
19:51
Speaker 4: a will, there's a way.
19:53
Speaker 6: Yeah.
19:54
Speaker 2: No, people still get over them. You know this turnstile jumping.
19:57
Speaker 2: You can stop it in about two weeks, just to
19:59
Speaker 2: rest them all and then that's the end of it.
20:01
Speaker 2: You know, they proved that the NYPD back when Rudy
20:05
Speaker 2: came in, they just started arresting them all. Just prosecute me.
20:07
Speaker 2: Well where it gets around real fast that you're gonna
20:09
Speaker 2: get arrested and they stop doing it. It's that simple.
20:13
Speaker 2: You know. You can build gates, You can build Walt,
20:15
Speaker 2: you just put some cops down there and started arresting them.
20:17
Speaker 2: Let's go to Pete in Queen's Pete.
20:19
Speaker 7: How you doing, Mark, Good morning. A couple of points
20:24
Speaker 7: about the mayor, the Staten Island thing where he was
20:28
Speaker 7: being booed and everything. Yeah, he did that deliberately, in
20:31
Speaker 7: my opinion, Mark, to mock them, you know, just basically
20:35
Speaker 7: show them I'm here and I'm gonna get in your
20:38
Speaker 7: face and I'm gonna actually laugh in it.
20:40
Speaker 2: Well, yeah, except thirty seconds into it he went running
20:42
Speaker 2: off the stage, so they did chase him away.
20:46
Speaker 7: True, but I mean that thirty seconds I'm sure went
20:48
Speaker 7: a long way with his crowd. But the nine to
20:50
Speaker 7: eleven thing, in my opinion, he knows exactly what he's doing.
20:54
Speaker 7: He's trying to establish control and dominance, and he will
20:58
Speaker 7: show up and even if it is for a few minutes,
21:01
Speaker 7: that's what he's gonna probably hope to achieve, and unfortunately
21:04
Speaker 7: he just may achieve it.
21:05
Speaker 2: All right, you may be right, Thanks for calling you.
21:07
Speaker 2: He went to appear in statn Islan at this police event,
21:09
Speaker 2: they booed him off the stage. Listen ready, put some
21:14
Speaker 2: one that day they booed him off the stage. He
21:20
Speaker 2: had to flee. He left the Staten Island. Good for you.
21:24
Speaker 2: You're not going to get speed cameras on every corner
21:27
Speaker 2: as a result, you're going to get red light cameras everywhere.
21:30
Speaker 2: And he's going to increase tolls everywhere. You're gonna get
21:34
Speaker 2: congestion pricing. He'll get back. No, no, no, I don't
21:36
Speaker 2: think he'll be able to do that. But but good
21:39
Speaker 2: for you. Booing them off the stage. Hey, the new
21:41
Speaker 2: job numbers came out. They were a lot lower than expected.
21:45
Speaker 2: What the hell's happening. We'll talk to the smartest guy
21:48
Speaker 2: on the subject, John Carney. Brilliant guy on on business
21:52
Speaker 2: in the economy. We'll talk to John Carney. Breitbart Business
21:56
Speaker 2: Digest coming up next on seven to ten. W O.
22:00
Speaker 2: Welcome back to the Mark Simone Show.
22:03
Speaker 3: Live from ther Life Back Studios.
22:08
Speaker 2: Oh he bring you the smartest people around Now. John
22:11
Speaker 2: Karney is the business editor editor of the the Breitbart
22:16
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22:18
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22:32
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22:37
Speaker 2: The Breitbart Business Digest the editor John Carney, John Carney,
22:42
Speaker 2: how you doing.
22:44
Speaker 1: Thanks for having me, Mark.
22:45
Speaker 2: Hey, great to have you in the perfect time to
22:47
Speaker 2: have you. Because the job numbers came out, we lost
22:50
Speaker 2: twenty three thousand jobs in July. That what happened.
22:55
Speaker 1: Yeah, this is probably one of the most unexpected jobs
22:59
Speaker 1: for reports in recent memory. So we lost twenty three
23:05
Speaker 1: thousand jobs the in turn, but the product sector actually
23:11
Speaker 1: added thirty thousand jobs. What happened was government payrolls, particularly
23:16
Speaker 1: local education payrolls, shrank by nearly fifty thousand jobs. Add
23:21
Speaker 1: that together and you end up with this twenty three
23:24
Speaker 1: thousand job loss in on net. We also lost jobs, however,
23:29
Speaker 1: in leisure and hospitality, particularly in restaurants and bars. We
23:34
Speaker 1: lost jobs in retail as well, but we gained a
23:38
Speaker 1: lot in construction durable goods. Manufacturing was really strong, and
23:45
Speaker 1: despite losing all of those jobs, by the way, the
23:49
Speaker 1: unemployment rate went down to four point one percent, which
23:51
Speaker 1: is super low. This is a report that has a
23:54
Speaker 1: lot of people scratching their heads.
23:56
Speaker 2: Wow, why would we lose all these restaurant jobs if
23:59
Speaker 2: people have less money to spend, would that be the reason?
24:02
Speaker 1: No, I think what happened was actually the World Cup.
24:07
Speaker 1: So I've added a bunch of jobs while people needed
24:11
Speaker 1: to you know, there were people and by the way,
24:14
Speaker 1: in leisure to hospitality, one hint that that's what happened
24:17
Speaker 1: is we actually lost a lot of jobs in a
24:21
Speaker 1: category they call it that includes spectator sports, so in
24:25
Speaker 1: other words, stadiums, bars, restaurants had hired a lot of
24:29
Speaker 1: people to deal with all of the people coming into
24:32
Speaker 1: the country, people traveling for the World Cup that ends
24:36
Speaker 1: a couple of weeks into July. A lot of these
24:38
Speaker 1: people are let go and I think that's explains a
24:42
Speaker 1: huge part of what happened in leisure and hospitality in July.
24:47
Speaker 2: And the weather could be affector, couldn't We had that
24:50
Speaker 2: terrible heat wave we had that week where you couldn't
24:52
Speaker 2: go out the air was so dirty here. Something like
24:54
Speaker 2: that could affect it, right.
24:55
Speaker 1: Yeah, No, I mean definitely the northeast we had those
24:58
Speaker 1: you know, the Canadian both coming down with the weather
25:02
Speaker 1: was very awful. That probably contributed to it. I actually
25:06
Speaker 1: think weather played an effect in the education numbers too.
25:11
Speaker 1: So normally when summer comes, we let go of a
25:14
Speaker 1: lot of people, but that's usually in June. People, you know,
25:19
Speaker 1: payrolls contract in education what made it, but and seasonal
25:25
Speaker 1: adjustment takes care of that, so it doesn't actually show
25:28
Speaker 1: up as like some great depression because a bunch of
25:30
Speaker 1: teachers lost their jobs. But if the people got fired
25:33
Speaker 1: in July instead, then that wouldn't be as seasonally adjusted
25:39
Speaker 1: taking care of I think what happened was at least
25:42
Speaker 1: I know in the you know, our area in the northeast,
25:46
Speaker 1: we had a really heavy winter and much of the
25:48
Speaker 1: country did, and a lot of the school years actually
25:51
Speaker 1: got extended because there were so many snow days that
25:55
Speaker 1: it's possible that that the teachers who would normally and
25:59
Speaker 1: not just custodians, administrators, people who worked in cafeterias, in schools,
26:06
Speaker 1: a lot of the people who would normally be let
26:08
Speaker 1: go over the summer weren't let go in June, were
26:12
Speaker 1: let go in July, So it showed up as this
26:14
Speaker 1: huge loss that I think is really just what economists
26:19
Speaker 1: called residual seasonality and not some big change in the economy.
26:23
Speaker 2: Interesting, Hey, John Carney, a president Trump, one of his
26:27
Speaker 2: goals when he came back into office was to bring
26:30
Speaker 2: back manufacturing. How's that going.
26:33
Speaker 1: It's actually going very well. So, first of all, the
26:36
Speaker 1: most recent data we were just talking about, we added
26:39
Speaker 1: eighteen thousand durable goods manufacturing jobs in July.
26:43
Speaker 6: That is a lot.
26:44
Speaker 1: That's a big pickup in hiring of people getting jobs
26:49
Speaker 1: doing durable goods manufacturing. And if you look at numbers
26:53
Speaker 1: that were released earlier this week, they showed that output
26:58
Speaker 1: is up by a lot. It was tracting under Biden.
27:01
Speaker 1: So the total amount of manufactured goods, and this is
27:03
Speaker 1: inflation adjusted, it's not a difference in prices. The total
27:07
Speaker 1: amount of manufactured goods was falling under Biden in the
27:11
Speaker 1: US and it is now climbing rapidly. Another one is productivity,
27:17
Speaker 1: So you know, in other words, per hour, how much
27:20
Speaker 1: stuff our employees at in manufacturing turning out. That's on
27:25
Speaker 1: the rise a lot. And in addition to that, the
27:28
Speaker 1: hours worked in manufacturing has been on the rise. So
27:32
Speaker 1: this is a rare sort of triple good news for
27:37
Speaker 1: the manufacturing sector that only happens around I look through history,
27:42
Speaker 1: there's only been around thirteen percent of quarters going back
27:45
Speaker 1: into the nineteen sixties that we've actually had all three
27:50
Speaker 1: productivity hours and output rising at the same time. And
27:53
Speaker 1: as I said, all of those were falling when Biden
27:56
Speaker 1: was president. So Trump's doing a good job. Manufacturing is
28:00
Speaker 1: coming back now.
28:02
Speaker 2: One reason they moved to manufacturing. One reason they would
28:04
Speaker 2: do that is you could get very cheap labor in China,
28:07
Speaker 2: Vietnam or so. But with the AI and robots and
28:10
Speaker 2: all that mean it's going to be just as cheap
28:12
Speaker 2: to do it here.
28:15
Speaker 1: So a few things. One, yes, some of it was
28:18
Speaker 1: driven by the desire for cheaper labor abroad. Another was
28:23
Speaker 1: the fact that China had told a lot of businesses,
28:27
Speaker 1: if you don't make your stuff here, we won't give
28:29
Speaker 1: you access to the Chinese consumer, we'll lock you out
28:33
Speaker 1: of our market. And the US didn't make any reciprocal promise,
28:38
Speaker 1: meaning if you built your factory in China, you could
28:41
Speaker 1: sell to the US, and you could sell to China.
28:43
Speaker 1: If you built your factory in America, you could sell
28:46
Speaker 1: only in America and not to China. So that meant
28:48
Speaker 1: a lot of people built factories in China. Well, our
28:51
Speaker 1: tariffs are now offsetting that policy, so in other words,
28:54
Speaker 1: it's no longer a free lunch just to build in China.
29:00
Speaker 1: That's convincing a lot of people. And then China has
29:02
Speaker 1: also proven that they're not a reliable market. You build
29:06
Speaker 1: a factory in China and you say, I'm going to
29:07
Speaker 1: sell my stuff to China, and suddenly you look around
29:11
Speaker 1: you find there are knockoffs of everything you thought you
29:14
Speaker 1: had the intellectual property to being sold by a million
29:18
Speaker 1: other manufacturers all over China. So a lot of people
29:21
Speaker 1: are saying, Okay, the Chinese market is not going to
29:24
Speaker 1: be as good as we thought. And and US policy
29:27
Speaker 1: is no longer being complacent when it comes to China,
29:31
Speaker 1: basically extorting businesses in having to build things in China
29:35
Speaker 1: rather than the US.
29:37
Speaker 2: So let me ask you about the FED. Kevin Walsh.
29:41
Speaker 2: We all wanted to see him become the FED chairman,
29:43
Speaker 2: and how's he doing so far?
29:47
Speaker 1: He's doing really well. He's gotten a lot of pushback
29:52
Speaker 1: from pundits, from some Wall Street economists because he's changing
29:57
Speaker 1: the way.
29:58
Speaker 2: The FED works.
30:00
Speaker 1: He is no longer his idea is that FED should
30:03
Speaker 1: be less a focus of all of our attention. That,
30:07
Speaker 1: you know, because the FED played such a big role
30:10
Speaker 1: in the years after the financial crisis, and then also
30:13
Speaker 1: in our response to COVID that we became two and
30:17
Speaker 1: the FEDS under Jerome Powell started holding a press conference
30:20
Speaker 1: every week where he stands up at a not every week, sorry,
30:23
Speaker 1: every meeting, you know, every six weeks, but he stands
30:26
Speaker 1: up at a podium. He looks like a politician. I
30:30
Speaker 1: think that Worsh is eventually getting due away with the
30:34
Speaker 1: every meeting press conference. He there's rumors that he wants
30:39
Speaker 1: to reduce the amount of FED meetings. They hold eight
30:42
Speaker 1: every year. They could get away with six, They could
30:45
Speaker 1: do as little as four.
30:46
Speaker 2: I think under the law the.
30:49
Speaker 1: UH, he wants us to focus more on what's going
30:52
Speaker 1: on with the economy rather than what is the FED
30:55
Speaker 1: going to do? UH in reaction to what's going on
30:59
Speaker 1: in the economy, he thinks we're too focused on that,
31:02
Speaker 1: and we didn't used to be. Yes, you know, people
31:04
Speaker 1: paid attention to what Alan, Greenspan and Bolker were doing,
31:08
Speaker 1: but it wasn't as central as it has become in
31:11
Speaker 1: the last twenty years. And so Worsh wants to move
31:15
Speaker 1: back something to what we had before the financial crisis,
31:19
Speaker 1: but so many but we've been doing it this way
31:21
Speaker 1: for so long that it's going to rub rub some people.
31:24
Speaker 2: The wrong way.
31:24
Speaker 1: They grew up in a sense with the FED being
31:27
Speaker 1: central to everything, and moving away from that is going
31:31
Speaker 1: to have some growing pains.
31:32
Speaker 2: Yeah, that's your own, Palla. It was a lot of
31:34
Speaker 2: Anthony Fauci and him with his press conferences.
31:37
Speaker 1: And and still his refusal to step down. He's still
31:43
Speaker 1: at the Federal Reserve. That is unprecedented. That hasn't happened
31:47
Speaker 1: since the nineteen forties, where a former chairman stayed on.
31:50
Speaker 1: And by the way, the former chairman who stayed on
31:52
Speaker 1: in the nineteen forties, he was asked to stay on
31:55
Speaker 1: to sort of help with the transition. Clearly Trump hasn't
31:59
Speaker 1: asked how to stay on. Pal just refuses to go
32:01
Speaker 1: because he does have Anthony Fauci syndrome. He thinks he's
32:05
Speaker 1: absolutely central to everything that happens.
32:08
Speaker 2: Well, what does he do? He comes to the meetings,
32:09
Speaker 2: he comes in every day, and yeah.
32:12
Speaker 1: I don't know, you know, does he come in every day?
32:14
Speaker 1: Probably not, but maybe I don't know, you know, if
32:19
Speaker 1: he has a lot else going on. But yeah, he
32:21
Speaker 1: goes to the meetings, he participants, I will say, admirably,
32:25
Speaker 1: he has stayed out of the spotlight. He is not
32:28
Speaker 1: sort of run you know, running a shadow fed chair
32:32
Speaker 1: operation where he's speaking to the press and undermining war.
32:35
Speaker 1: So that's good, you know, he he is not. He could,
32:40
Speaker 1: in other words, be a lot worse. He's there, but
32:44
Speaker 1: he seems to be playing a background role right now,
32:46
Speaker 1: which is for the good.
32:47
Speaker 2: Did they try the the Larry cudloaw tactic move his
32:50
Speaker 2: parking space three blocks away or something like that?
32:53
Speaker 1: You know, I have put in some inquiries to Kevin
32:57
Speaker 1: Worrish's office to ask and they haven't responded. I'm sure
33:01
Speaker 1: their worshes you and I and maybe Larry Cudlow would
33:06
Speaker 1: like to, you know, see how I'll pay a little
33:09
Speaker 1: bit of a maybe a convenience price for his stubborness
33:14
Speaker 1: and stay on. But I think worsh is probably a
33:17
Speaker 1: little too magnanimous to actually do that. And you know
33:22
Speaker 1: is you know, have bigger fish to fry than you know,
33:26
Speaker 1: worrying about where Powell's parking space is. But Kevin, if
33:29
Speaker 1: you're listening, you know it still might be a good
33:32
Speaker 1: idea move about to the sea lot, you know the
33:36
Speaker 1: one furthest away from the office.
33:38
Speaker 2: Fo I like that. Well, John Carney great as always.
33:41
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34:04
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34:09
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34:19
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34:28
Speaker 2: John Carney brilliant is always. Thanks for being with us,
34:32
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34:35
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34:38
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34:57
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