Latest / Sid & Friends In The Morning / K.T. McFarland | 06-19-26

Transcript

K.T. McFarland | 06-19-26 · Sid & Friends In The Morning

• 0:00
  Speaker 1: I'm Jake Novak in for Sid Rosenberg. We've got John
• 0:02
  Speaker 1: Katzmatit's we have Judge Richard Weinberg, we have George Venezelis.
• 0:05
  Speaker 1: We are all filling in for the usual Sid and
• 0:08
  Speaker 1: Friends team.
• 0:09
  Speaker 2: Uh.
• 0:10
  Speaker 1: And by the way, I hope I'm the first person
• 0:12
  Speaker 1: to tell you this. If you woke up this morning
• 0:13
  Speaker 1: and didn't know it's a federal holiday, you may not
• 0:16
  Speaker 1: have to.
• 0:16
  Speaker 3: Wou teenth June teenth.
• 0:19
  Speaker 1: But that doesn't mean we're taking the time off, and
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  Speaker 1: neither is Kat McFarlane. Kat, We've been talking already this morning,
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  Speaker 1: big breaking news, surprise, surprise, because we'll attacked Israeli troops
• 0:29
  Speaker 1: this morning. Yeah, this blow up a tank, Yeah, this gambling.
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  Speaker 3: On this establishment? Well what movie did we see that?
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  Speaker 1: James Mason? Mason's line, U kat Uh. I'm actually encouraged
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  Speaker 1: by the fact that so far we haven't heard anything
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  Speaker 1: from the White House about it. I think that if
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  Speaker 1: the Israelis get nothing, no words from the White House
• 0:49
  Speaker 1: when they have to retaliate like this, they'll be fine
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  Speaker 1: with this.
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  Speaker 2: Yeah. Here's the problem. It's who does want to deal?
• 0:58
  Speaker 2: Who doesn't want to deal. They're probably at least two groups,
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  Speaker 2: one group wants the deal because they don't like the deal.
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  Speaker 2: But they're pragmatists and they realize they have a country
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  Speaker 2: to run and they've got to stop the economic pain.
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  Speaker 2: They know that the military punishment would be severe, and
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  Speaker 2: they know that they can't deal with the United States
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  Speaker 2: military if the Ed States military decides to attack its
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  Speaker 2: energy infrastructure, in other words, wipe out Iran's ability ever
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  Speaker 2: to make a nickel again. So they've made a deal.
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  Speaker 2: But who doesn't want the deal? And that's the I
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  Speaker 2: ergy see and the mullets, the military guys. So guys
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  Speaker 2: are the guns. They don't want any deal. Their deal
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  Speaker 2: is when Israel ceases to exist in America, has wiped
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  Speaker 2: off the face of the earth. So they're never going
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  Speaker 2: to do a deal. But they know they can sabotage
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  Speaker 2: a deal. And I think that's what's happened now, is that, Okay,
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  Speaker 2: Israel has to respond, right, they have to defend theirself.
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  Speaker 2: Any sovereign nation has to defend itself. So what does
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  Speaker 2: Iran do. It knows it can't do military action because
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  Speaker 2: it will be severely punished the ways I've just said,
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  Speaker 2: So it's sort of tells hesblat Okay, guys, this is
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  Speaker 2: a chance to really sabotage the deal. You guys, go ahead,
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  Speaker 2: do something. We know Israel then response, and then we
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  Speaker 2: can say, Okay, the deal is off. So it's the
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  Speaker 2: powerless and the sense of the I RGC can't they're
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  Speaker 2: not in a strong enough position in their own country
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  Speaker 2: to do a deal, to accept a deal, but they
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  Speaker 2: know they can sabotage a deal. And that's exactly what
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  Speaker 2: they did on October seventh when they knew that Israel
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  Speaker 2: was close to having a peace agreement with Saudi Arabia
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  Speaker 2: joining the Abraham Accords. So what do they do? What
• 2:32
  Speaker 2: did Iron do? Sabotage the deal? I think that's what
• 2:34
  Speaker 2: they're doing now. And I'm not sure how you get
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  Speaker 2: out of this.
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  Speaker 3: No, but everybody knows. Everybody knows that, I mean Iran,
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  Speaker 3: probably the gangs in Iran, the IRGC, and Iran probably
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  Speaker 3: told Hasbi led to do it. That's why nobody's getting excited,
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  Speaker 3: because it's how do you call it routine for them
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  Speaker 3: to do that? Hey, and Israel has to do what
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  Speaker 3: Israel has to do.
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  Speaker 2: Yeah, And the question then is does that scupper whatever
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  Speaker 2: negotiations we're going to have going forward? Does it scuffer
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  Speaker 2: they want to take the weekend for the weekend. I
• 3:10
  Speaker 2: think they want to take the weekend off. But you know,
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  Speaker 2: at President Trump's in it, He's ultimately going to prevail,
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  Speaker 2: but he's got this time frame and potential economic chaos
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  Speaker 2: if the strait of removes and oil doesn't flow. And
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  Speaker 2: so I think that part of the negotiation was that
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  Speaker 2: the golf Arabs said to him, look, you could do
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  Speaker 2: a big military operation, but Iran will retain some kind
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  Speaker 2: of ability to destroy our energy infrastructure, creating not only
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  Speaker 2: economic problems for the golf Arabs, but a worldwide recession.
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  Speaker 2: So my guess is that Trump is buying time. He's
• 3:44
  Speaker 2: got a deal. This straight will be open. Prices will
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  Speaker 2: go down, John, as you predicted, prices of oil and
• 3:49
  Speaker 2: of gas gasoline would go down very quickly, and they
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  Speaker 2: have already started going down. President Trump goes into an election,
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  Speaker 2: and then after the election, where he hopes he does
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  Speaker 2: very well and his party retains the House in the Senate,
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  Speaker 2: then President Trump, because you know, then there's nothing holding
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  Speaker 2: him back to punish Iran.
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  Speaker 3: And they won't dare do something to one of those
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  Speaker 3: ships going through because he knows that Trump will go
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  Speaker 3: back quadruple coupons.
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  Speaker 2: Yeah, and we'll have every right to do it, and
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  Speaker 2: the world will be behind him if he does it.
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  Speaker 3: Yes, yes, And Judge Weinbergler, we got George Rennie Sellis three,
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  Speaker 3: former head of the FBI in New York for four
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  Speaker 3: years too. I mean, you guys have something to say
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  Speaker 3: kt you.
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  Speaker 2: Good morning, Good morning, Judge.
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  Speaker 4: So it seems to me it's very simple. It's a
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  Speaker 4: question of when you do it. You want to solve
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  Speaker 4: the Hasbela problem, you take out Hesbalah. If you take
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  Speaker 4: out Hesbeala problem, you've taken out the last link for Iran,
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  Speaker 4: their protective device. That's why they're in Lebanon. As you
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  Speaker 4: know in the first place, this is not an indigenous movement.
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  Speaker 4: This was an invasion by Iran putting their people into
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  Speaker 4: a sovereign state under mine that nation, Lebanon, Lebanon. These
• 5:02
  Speaker 4: people don't want them there, The government doesn't want them there.
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  Speaker 4: Hesbela has to be taken out. If Hesbela is taken out,
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  Speaker 4: then Iran has no ability to hit using their proxies.
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  Speaker 3: Do you agree to disagree on that?
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  Speaker 2: Yeah? I do. I think it's all but it's all
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  Speaker 2: a matter of timing. Exactly I don't understand. I don't
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  Speaker 2: understand is why Israel never went in dig and destroyed
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  Speaker 2: his below when they had the chance. You know, the
• 5:25
  Speaker 2: tits for task stuff. That's what's happening now. But why
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  Speaker 2: didn't Israel.
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  Speaker 4: Go in what historical That's an excellent question. So what
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  Speaker 4: historical point time you're talking about, you talking about when
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  Speaker 4: Biden people told them to restrain themselves and don't escalate it?
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  Speaker 4: Is that the time you're talking about you're talking about
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  Speaker 4: it earlier last year?
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  Speaker 3: Well last year, I mean I.
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  Speaker 2: Think the last year. You know, when they when they
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  Speaker 2: destroyed them.
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  Speaker 4: Look, the answer is, I don't know what the understandings
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  Speaker 4: are between the governments of Israel and the United States
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  Speaker 4: what to do, when to do it right. But the
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  Speaker 4: answer is you have to Getsbala the absolutely essential. You
• 6:02
  Speaker 4: have to restore that integrity of that nation. You have
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  Speaker 4: to give Lebanon back to the people of Lebanon, not
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  Speaker 4: to the people who are actually the colonialists, who are
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  Speaker 4: the the Iranians.
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  Speaker 2: Yeah, now, Hesbela is a foreign power occupying a sovereign nation,
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  Speaker 2: and you're right, Lebanon and the people want Hesbala out.
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  Speaker 2: The government of Lebanon wants Hasbala out. The history of
• 6:25
  Speaker 2: wants has Bala out. Everybody wants Hesbala out. And I
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  Speaker 2: think ultimately hasbald gets out or is taken out, that
• 6:32
  Speaker 2: the matter will be one of timing. And I just
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  Speaker 2: don't think the president has the I just don't think
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  Speaker 2: he has the time right now to deal with the
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  Speaker 2: one last remaining part of the Iranian threat.
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  Speaker 3: PTE. How many of them are there in Lebanon? You
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  Speaker 3: know how many?
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  Speaker 2: Okay? So somebody explained this to me, the Lebanese American
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  Speaker 2: but who grew up in Lebanon. His family is still
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  Speaker 2: in Lebanon. He said, here's the problem that one, you know,
• 7:03
  Speaker 2: one house in the neighborhood is is Lebanese, maybe Lebanese Christian.
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  Speaker 2: Then next door is another Lebanese family Lebanese Muslim. And
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  Speaker 2: then next door to that, including some of the people
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  Speaker 2: who probably married the relatives of those other two groups
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  Speaker 2: that are in the same neighborhood is Hesbela. And so
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  Speaker 2: it's they're so Hebo is so sort of interwoven with
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  Speaker 2: the Lebanese society that the Lebanese government and the Lebanese
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  Speaker 2: people have just said, Okay, well, we don't like it.
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  Speaker 2: We'd like to get rid of them. But you know,
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  Speaker 2: he's married to my cousin, or his cousin is part
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  Speaker 2: of Hesbelah, but he's maybe not a big part of Hesbela.
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  Speaker 2: They all know, the Lebanese all know who Hesbela is
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  Speaker 2: and where they are, but they're so interwoven with their
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  Speaker 2: own families and their own sort of neighborhoods that they
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  Speaker 2: haven't gone after them internally, you know. In other words,
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  Speaker 2: the Lebanese.
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  Speaker 3: Government, they married each other.
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  Speaker 2: They all married each other yet.
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  Speaker 3: But that's all kchi.
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  Speaker 4: But that's always the game plan of the islamis going
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  Speaker 4: back to the forming of the brotherhood, the Muslim brotherhood,
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  Speaker 4: which is to infiltrate the country, undermine from within.
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  Speaker 2: Yes, and they've done it very successfully, except now the
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  Speaker 2: tide is coming back. I think President Trump is going
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  Speaker 2: to deal with all this stuff, but he needs to
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  Speaker 2: win these elections and everyone assumes that the you know, look,
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  Speaker 2: he said everything else, he's done great, The economy's humming.
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  Speaker 2: He took this side detour to deal with iron snooks,
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  Speaker 2: which I think he had to deal with. But now
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  Speaker 2: he's got to figure out what is the art of
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  Speaker 2: the possible. When Kissinger was negotiating in nineteen seventy three
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  Speaker 2: with the North Vietnamese, it was, you know, what do
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  Speaker 2: you get a hold? You wait to negotiate and get
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  Speaker 2: a whole loaf for you to just take half a
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  Speaker 2: loaf and then figure you'll go back and get the
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  Speaker 2: other half. I think that's what President Trump's concluding is
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  Speaker 2: that I'll take what i can get now, knowing full
• 8:55
  Speaker 2: well I'm leaving the armada there. My actions are going
• 8:58
  Speaker 2: to bring down oil prices so that Iran isn't going
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  Speaker 2: to have the kind of income. Even if they are
• 9:05
  Speaker 2: allowed to sell oil again. The assets will be frozen unfrozen.
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  Speaker 2: But we know we can see the money moving now.
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  Speaker 2: We didn't know how to. We couldn't watch money moving
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  Speaker 2: a year ago, six months ago. But because of the
• 9:17
  Speaker 2: cooperation between the Gulf Arab country banks and the US Treasury,
• 9:22
  Speaker 2: we can see where large bags of money are going. So,
• 9:25
  Speaker 2: for example, if Iatola's promised has bellowed, Okay, we're going
• 9:30
  Speaker 2: to start has blow, We're going to start funding you again.
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  Speaker 2: Just in a few days, hang on, we'll be able
• 9:35
  Speaker 2: to see when that money moves, and what can we
• 9:38
  Speaker 2: do well we can reimpose the sanctions. I don't think
• 9:40
  Speaker 2: this is not going to be a smooth glide plant path.
• 9:43
  Speaker 2: It's going to be up and down. And you know,
• 9:45
  Speaker 2: John said, wait for the weekend, wait for Monday. It's
• 9:48
  Speaker 2: going to go up and down and up and down.
• 9:49
  Speaker 2: But the general direction of the economy, the US economy,
• 9:53
  Speaker 2: and particularly the gasoline prices at the tank are going
• 9:56
  Speaker 2: to come The prices will come down, the economy will
• 9:59
  Speaker 2: improve before that gives President Trump what he needs to
• 10:03
  Speaker 2: prevail in the elections, and then the Godfather will settle
• 10:06
  Speaker 2: all scores.
• 10:08
  Speaker 3: You're absolutely right. Well, KT, thank you for coming on
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  Speaker 3: this juneteenth morning.
• 10:14
  Speaker 2: Oh my gosh, I didn't even know.
• 10:16
  Speaker 3: Yeah, stock walks. You can't make any money in the
• 10:20
  Speaker 3: stock market today, and the oil markets are open, so
• 10:25
  Speaker 3: they're just fluctuating a little bit. Yesterday it was seventy four,
• 10:28
  Speaker 3: today seventy six. So it's fluctuations. Yeah, thank you, you believe.
• 10:35
  Speaker 2: Yes, a week ago, we were talking, a month ago,
• 10:38
  Speaker 2: we were talking about oil being over one hundred and
• 10:40
  Speaker 2: twenty dollars a barrel.
• 10:41
  Speaker 3: Here, if you listen to Goldman Sachs, it's going to
• 10:44
  Speaker 3: be two hundred.
• 10:46
  Speaker 2: Yeah, that's a bad bet that public listened to NA.
• 10:53
  Speaker 3: Like I said to Maria Maria Baromo this morning, I'm
• 10:55
  Speaker 3: more right than wrong.
• 10:58
  Speaker 1: Katie, thank you so much I can say thank thank
• 11:01
  Speaker 1: you so much, thanks for listening to Sit and Friends
• 11:04
  Speaker 1: in the Morning.
• 11:05
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• 11:08
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• 11:11
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• 11:15
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• 11:18
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• 11:27
  Speaker 5: time for a new episode, so you never have to
• 11:30
  Speaker 5: wonder what the heck is going on here.