Latest / The Mark Simone Show / Hour 1: Funding for the war.

Transcript

Hour 1: Funding for the war. · The Mark Simone Show

0:01
Speaker 1: Now on the Voice of New York. He's the Mark
0:04
Speaker 1: Simone Show on seven tenor Hey, it's spring. It's the
0:11
Speaker 1: first day of spring. How do you like that? Winter
0:14
Speaker 1: is gone? It's over. It's spring today. It's also Friday.
0:18
Speaker 1: A lot to talk about. We'll give you all the
0:19
Speaker 1: latest on Iran. We'll give you a complete update on
0:22
Speaker 1: the war. We'll get to the bachelorete who should get
0:25
Speaker 1: fired over that mess. We'll get to CBS, speaking of firing,
0:28
Speaker 1: they're laying off a lot of people today. We'll get
0:32
Speaker 1: to crazy Kathy Hochel. We'll get to a crazy mayor, mom,
0:36
Speaker 1: Donny's looney wife. We'll get to Bob Barker, We'll get
0:40
Speaker 1: to Chuck Schumer, and a whole lot more coming up.
0:45
Speaker 1: So Iran, Well, hey, we killed last night in one
0:49
Speaker 1: of our strikes. Well I think it is Israel actually,
0:52
Speaker 1: but we killed the spokesperson, the spokesman for the Iran
0:57
Speaker 1: Revolutionary Guard. It's not exactly the safest job to have
1:02
Speaker 1: right now, the spokesman for the Revolutionary Guard. He was
1:05
Speaker 1: killed last night, blown up. The war continues. The USS Tripoli,
1:11
Speaker 1: a very serious warship, is heading to Iran right now,
1:15
Speaker 1: along with some other assets, you know. I'm sure Iran
1:19
Speaker 1: knows this, and then they know things are going to
1:21
Speaker 1: escalate seriously when this stuff gets there, the stuff heading
1:25
Speaker 1: their amphibious crafts that Tripoli can do very very close
1:30
Speaker 1: up work with small planes, helicopters probably be used to
1:34
Speaker 1: take out drones, all that sort of stuff. And it
1:38
Speaker 1: will be a big help in opening the Straits of
1:40
Speaker 1: horn Moose, which will open in a couple of weeks.
1:42
Speaker 1: It'll be open. It's about thirty nine ships a day,
1:45
Speaker 1: tankers thirty nine tankers a day that come out of
1:49
Speaker 1: the Straits of horn Moose. It doesn't affect us much
1:51
Speaker 1: because we don't use that oil, but it affects worldwide prices.
1:56
Speaker 1: So you'll see a lot of action when the ship
2:01
Speaker 1: gets there. So the next two weeks you'll probably see
2:04
Speaker 1: just everything wiped out and pretty much the end of
2:07
Speaker 1: all the offensive assets of Iran, and then things will
2:11
Speaker 1: be different. Then you may see a boot on the
2:14
Speaker 1: ground for a little for a few minutes here and there,
2:17
Speaker 1: and then it should be the mop up and clean
2:19
Speaker 1: up of all that. Now we are talking to Iran.
2:23
Speaker 1: US officials and Iranian officials are in talks back channel
2:27
Speaker 1: talks are taking place. But also we're talking with people
2:32
Speaker 1: on the ground in Iran, possible opposition people they want
2:37
Speaker 1: to revolt against this government, people that might take over.
2:40
Speaker 1: We have people in the intelligence community talking to them.
2:44
Speaker 1: So things are progressing. President wants two hundred billion dollars
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Speaker 1: in funding for the Iraq effort. Congress doesn't want to
2:53
Speaker 1: give it to them. Of course, Democrats and some Republicans
2:56
Speaker 1: yelling and screaming about that. We don't really need two
2:58
Speaker 1: hundred billion. To cost about two billion a day, and
3:02
Speaker 1: it's not expected to go another one hundred days. But
3:04
Speaker 1: the reason they want a big amount is they want
3:08
Speaker 1: all the money right now. They don't have to go
3:09
Speaker 1: back and ask for more money during the summer or
3:12
Speaker 1: the fall, because that's when the midterms take place. It
3:14
Speaker 1: will look bad to be asking for more money then.
3:17
Speaker 1: So that's why they're asking for a huge amount now.
3:21
Speaker 1: Democrats know that, and that's why they're negotiating. They want
3:23
Speaker 1: to give it, give you a little now, you have
3:26
Speaker 1: to keep coming back for more because they want that
3:28
Speaker 1: to happen during the midterm race Trump having to ask
3:32
Speaker 1: for more money. So yesterday the Japanese Prime Minister is
3:37
Speaker 1: visiting the White House. And you have to remember the
3:40
Speaker 1: fake news. The Democrats, the media have one mission, and
3:45
Speaker 1: that is to just wipe out Trump, make him look bad.
3:48
Speaker 1: Whatever he does is horrendo us. Anything he does is awful.
3:52
Speaker 1: Even when it comes to US at war. They'll take
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Speaker 1: the other side. They'll hope it goes badly. They'll hope
3:59
Speaker 1: it's a disaster. They'll hope we screw up because it'll
4:01
Speaker 1: make Trump look bad. Anything to make Trump look bad.
4:05
Speaker 1: And then they create this fake narrative. They broadcast the
4:10
Speaker 1: fake narrative. It usually starts with the New York Times
4:12
Speaker 1: of the Washington Post, and then all the TV and
4:15
Speaker 1: all the websites pick it up, and then all the
4:17
Speaker 1: sheep out there start repeating it. You know, when the
4:20
Speaker 1: Iran war started, a New York Times, a violation of
4:24
Speaker 1: international law, and then that's all you heard. It's a
4:28
Speaker 1: total violation of international law. And then all the sheep
4:32
Speaker 1: are running around violated international law. Nobody ever bothered to
4:36
Speaker 1: tell them. There's no such thing as international law. It
4:40
Speaker 1: doesn't exist anywhere. I guess you could look at court
4:42
Speaker 1: decisions around the world, but it doesn't affect us. It
4:46
Speaker 1: has no standing. I mean, it doesn't. There is no
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Speaker 1: international law that we have to follow. We follow only
4:53
Speaker 1: But don't tell them that. Then even if you did
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Speaker 1: to tell them, they won't believe you. So the current
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Speaker 1: what if you're going to hear for the next day
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Speaker 1: or two, you'll see it on the Sunday shows. Was
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Speaker 1: the Trump seriously offended the Japanese Prime minister. He said
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Speaker 1: something so outrageous to her. The Japanese prime minister, by
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Speaker 1: the way, loves him, loves him. And you'll notice you're
5:18
Speaker 1: not supposed to do this. She kept calling them Donald
5:20
Speaker 1: in the meeting, in front of the press, all the
5:22
Speaker 1: press there. Even if you're his closest friend on earth,
5:25
Speaker 1: you call him mister president in public. Maybe in private,
5:28
Speaker 1: he'll tell you, in private, call me Donald, But in
5:31
Speaker 1: public you say mister President. But she kept saying Donald.
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Speaker 1: And she was doing that deliberately because President Trump is
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Speaker 1: loved in Japan. She's the new president, and she wants
5:41
Speaker 1: the population, the public of Japan to see that she
5:44
Speaker 1: has a good relationship with him. That's very important for her.
5:47
Speaker 1: So she kept calling him Donald. And even the interpreter's
5:50
Speaker 1: giving her a look like you want me to say Donald,
5:52
Speaker 1: But he said Donald, So this is the line. This
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Speaker 1: is the fake news went crazy with the sheep, will
6:00
Speaker 1: all go crazy. Repeating this, the reporter asks about the
6:04
Speaker 1: attack in Iran, it's kind of a dumb question. Why
6:08
Speaker 1: did you make it a surprise. Why didn't you tell
6:10
Speaker 1: your allies? Well, first of all, we can't trust these
6:12
Speaker 1: allies right now, and you have to keep it a surprise.
6:15
Speaker 1: The attack on Iran, the first wave, the whole the
6:19
Speaker 1: secret of it was the surprise, because that's how we
6:22
Speaker 1: took out the Ayatola and the top forty leaders all
6:25
Speaker 1: at once. They had no idea attack was coming, so
6:29
Speaker 1: they actually held a meeting out in the open. They
6:32
Speaker 1: all got together in one building and met, and that's
6:35
Speaker 1: where we blew them all up and got the Ayatola.
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Speaker 1: If you had told the allies, they would have leaked
6:40
Speaker 1: it to somebody and there never would have been that meeting,
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Speaker 1: So we never would have gotten the Ayatola and forty
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Speaker 1: one leaders the first day. But the reporter asked him,
6:48
Speaker 1: why did you keep it a secret?
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Speaker 2: One thing you don't want to signal too much, you know,
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Speaker 2: when we go in, we went in very hard, and
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Speaker 2: we didn't tell anybody about it because we wanted surprise.
6:59
Speaker 2: Who knows better about surprise in Japan? Hey, why didn't
7:03
Speaker 2: you tell me about Pearl Harbor? Okay, right, he's asking me,
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Speaker 2: do you believe in surprise? I think much more so
7:13
Speaker 2: than us.
7:14
Speaker 1: All right, now, you're gonna see this on the Sunday shows.
7:16
Speaker 1: You see this all over the fig and it was
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Speaker 1: outrageously How dare he say something like, well, okay, you're
7:20
Speaker 1: not supposed to if you're the president. I mean, you
7:23
Speaker 1: can't picture Bush Obama, anybody making a Pearl Harbor joke
7:27
Speaker 1: in front of the Japanese Prime minister. You're not supposed
7:31
Speaker 1: to do it. But he's not. Trump's not a politician.
7:33
Speaker 1: He's not a politician. He's a real regular guy and
7:38
Speaker 1: he's got a good Don Rickles side to him. And
7:40
Speaker 1: people love it. And actually, there's some people that are
7:44
Speaker 1: never gonna like Trump. They want a traditional politician. They
7:47
Speaker 1: like the formality of a professional politician. They don't want
7:52
Speaker 1: a real guy from real life coming into government talking
7:55
Speaker 1: like that. They don't want the Don Rickles stuff coming out.
7:58
Speaker 1: But let's listen to that again. I think it was
7:59
Speaker 1: a great moment. If you love Trump, this is one
8:01
Speaker 1: of his finest moments.
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Speaker 2: One thing you don't want to signal too much. You know,
8:05
Speaker 2: when we go in, we went in very hard and
8:08
Speaker 2: we didn't tell anybody about it because we wanted surprise.
8:12
Speaker 2: Who knows better about surprise than Japan? Okayy, why didn't
8:16
Speaker 2: you tell me about Pearl Harbor? Okay, right, he's askab
8:23
Speaker 2: do you believe in surprise? I think much more so
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Speaker 2: than us.
8:28
Speaker 1: Yeah, all right, I know you're not supposed to do
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Speaker 1: that if you're a present, but it's great. It's a
8:31
Speaker 1: great moment, and it's absolutely true, and we have a
8:35
Speaker 1: right to make Pearl Harbor jokes if we if we
8:37
Speaker 1: want to. Hey, as I said, over there at CBS,
8:40
Speaker 1: they're going to lay off a lot of people today
8:42
Speaker 1: six percent of the news force work force, six percent
8:46
Speaker 1: will be laid off today right over there in the
8:48
Speaker 1: fifty seventh Street. They think the total will reach fifteen
8:51
Speaker 1: percent in the coming weeks. It's they describe it as
8:55
Speaker 1: an industry shift. Well, yeah, a lot of people work
8:59
Speaker 1: in these places. I mean ton of people. You know,
9:00
Speaker 1: in the good old days, if you were CBS Nightly
9:03
Speaker 1: News you had eight nine million viewers. Primetime you had
9:07
Speaker 1: twenty million viewers. Morning show you had five six million viewers.
9:12
Speaker 1: It's a different world now. Nightly News three and a
9:15
Speaker 1: half million viewers. Prime Time maybe six million viewers, Morning
9:19
Speaker 1: show maybe one and a half, maybe one million. You
9:22
Speaker 1: don't have the audience anymore. And when the audience drops
9:26
Speaker 1: by like seventy five percent, so do the advertising rates
9:29
Speaker 1: that the sponsor pays. And then your revenue is less.
9:33
Speaker 1: And if your revenue is a lot less, you got
9:35
Speaker 1: to cut your workforce. If you had eight thousand people
9:38
Speaker 1: working there, you got to cut it to four thousand
9:40
Speaker 1: or something like that. So that's what's going on, as
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Speaker 1: the new CBS News president says, it's industry wide, an
9:46
Speaker 1: industry shift. It'll go on at all the different networks,
9:50
Speaker 1: and it's got to happen. Gotta happen. So the Bachelourette
9:59
Speaker 1: on AB, they know you had The Bachelor, the Bachelorette,
10:04
Speaker 1: so they do a whole season at once before it
10:07
Speaker 1: even starts airing, kind of like The Apprentice. They film
10:10
Speaker 1: the whole season and then they air it. The only
10:13
Speaker 1: thing they say for the end is the final where
10:16
Speaker 1: they choose the person that's got to be live. But
10:20
Speaker 1: when you film the whole season, it's about two million
10:22
Speaker 1: dollars an episode, believe it or not. To do the
10:24
Speaker 1: Bachelorette two million an episode. I think they had four
10:27
Speaker 1: or five ready to go fully edited, and more in
10:31
Speaker 1: the works. But the whole season can cost let's say
10:35
Speaker 1: thirty thirty five million, some even say fifty but figure
10:38
Speaker 1: thirty five million to produce the season. So they picked
10:42
Speaker 1: the Bachelorette, They filmed the whole thing with her, spend
10:45
Speaker 1: all these millions. Then the video comes out of her
10:48
Speaker 1: a few years ago. It turns out she's guilty of
10:52
Speaker 1: serious domestic abuse and pleaded guilty and felony convictions. She
10:59
Speaker 1: got probation, but the video comes out where she's with
11:04
Speaker 1: the husband and their little little daughter is right there
11:06
Speaker 1: two feet away, and she's screaming and cursing and fighting
11:10
Speaker 1: and kicking with the husband, and then she picks up
11:13
Speaker 1: a chair to whack them with the chair. I mean,
11:15
Speaker 1: this is like Richie a Prio and ABC didn't know
11:20
Speaker 1: about it. So because of this, because of this, they've
11:24
Speaker 1: canceled the whole season. They're going to just throw it
11:26
Speaker 1: away and not use it. Now, what would you do
11:28
Speaker 1: if you were ABC? I don't know. I'd still watch it.
11:32
Speaker 1: I think, you know, it's terrible, but I'd watch it.
11:37
Speaker 1: In fact, if they're smart, they'll put it out somewhere
11:40
Speaker 1: on YouTube or something or just let people see it.
11:43
Speaker 1: But now the real question, somebody's gonna get fired over this,
11:47
Speaker 1: because when you hire people, he's supposed to do a
11:50
Speaker 1: background check. You know, every major corporation when they hire people,
11:55
Speaker 1: they got a whole company. That's what they do. Some
11:57
Speaker 1: security company, detective atings some of you just give them
12:01
Speaker 1: the names. They check everybody out for you see if
12:03
Speaker 1: there's anything in their past. You know, they find out something,
12:06
Speaker 1: oh you know to suspend the driver's license. Oh go
12:09
Speaker 1: check what that was all about. Or they have a
12:10
Speaker 1: drinking problem, you know, stuff like that. And if you
12:13
Speaker 1: have a felony conviction, domestic abuse, in fact, you've got
12:17
Speaker 1: a few felonies and been arrested a few times, that
12:20
Speaker 1: shows up on a background check. So if you're going
12:22
Speaker 1: to spend thirty five million shooting this whole season, before
12:26
Speaker 1: you risk the money, you think you do a background
12:29
Speaker 1: check on your bachelorette. Somebody didn't do it. It's a
12:32
Speaker 1: shock to me that before they'd commit to spend all
12:36
Speaker 1: that money on one person they would have a background
12:38
Speaker 1: check done, and so they didn't do it. So I
12:40
Speaker 1: would imagine somewhere at the top, somebody's getting fired.
12:45
Speaker 3: Now.
12:45
Speaker 1: Usually those shows, and I actually don't know about the Bachelotte,
12:47
Speaker 1: usually produced by a company who pays all this and
12:50
Speaker 1: then they sell it to ABC. But usually ABC has
12:53
Speaker 1: to kick in part of the financing. So whoever didn't
12:57
Speaker 1: do that background check, don't be surprised if they get
12:59
Speaker 1: fired over this, because it is a stupid thing. Hey,
13:02
Speaker 1: I loved Bob Barker the Price is Right. I didn't
13:06
Speaker 1: know him that well, but he was a guest on
13:07
Speaker 1: the show all the time, and I hung out with
13:09
Speaker 1: him a future. This was the greatest guy, this wonderful, warm,
13:13
Speaker 1: sweet guy. And now all this stuff is coming out.
13:17
Speaker 1: One of you remember they had always had three beautiful
13:19
Speaker 1: models on the prices, right, And you know, if you're
13:22
Speaker 1: a little kid watching that, you like those. I like that,
13:24
Speaker 1: Diane Parkinson, I like the other one. But turns out
13:28
Speaker 1: Bob Barker on one of them, writes a book on
13:31
Speaker 1: how awful he was and behind the scenes all the
13:33
Speaker 1: terrible things going on. And then apparently there's a new
13:36
Speaker 1: documentary coming out that shows him, and well it was.
13:39
Speaker 1: It became pretty well known he and Diane Parkinson had
13:42
Speaker 1: an affair. Okay, I think Barker's wife had died, but
13:49
Speaker 1: now the other one is saying it wasn't It was
13:51
Speaker 1: more than an a fair. It was really annoying because
13:54
Speaker 1: she described it as dressing room sex in between tween shows.
14:00
Speaker 1: You know, they tape like four or five shows in
14:02
Speaker 1: a day, but listen, that goes on all the time,
14:05
Speaker 1: all the time, trying not to see. I can't mention it,
14:11
Speaker 1: should I mention any names. I don't know what it was.
14:15
Speaker 1: I think Rodney, somebody named Rodney. I won't say which Rodney,
14:18
Speaker 1: but a guy named Rodney was appearing at a big
14:20
Speaker 1: venue and the agent was set the checkout sent to
14:23
Speaker 1: check the venue over and Rodney said, hey, make sure
14:26
Speaker 1: there's a bed in the dressing room. And he called Rodney.
14:30
Speaker 1: He said, yeah, I got a bed in the dressing room.
14:32
Speaker 1: The only problem is right next to the kitchen, a
14:35
Speaker 1: lot of noise. And Rodney said, I don't care. I'm
14:38
Speaker 1: not gonna be sleeping in that bed. So well, it
14:41
Speaker 1: goes on all the time. It's pretty common, so but
14:43
Speaker 1: I hate to see Bob Barker go through all of that. Hey, hey,
14:47
Speaker 1: we did our big event last night, our big networking
14:50
Speaker 1: CEO event, and I have we don't have all the
14:54
Speaker 1: pictures yet to put up online. But it was at
14:57
Speaker 1: a beautiful venue, two Park Avenue. It's this office building
15:01
Speaker 1: thirty second in part absolutely magnificent. They got the most
15:04
Speaker 1: beautiful venue on the top floor, big rooftop venue, spectacular
15:09
Speaker 1: the way it looks. It's phenomenal for a networking event
15:14
Speaker 1: or any kind of event you want to throw there.
15:16
Speaker 1: But it also has this outdoor terrace that's spectacular. In fact,
15:19
Speaker 1: check my Instagram you'll see a picture of me out
15:21
Speaker 1: in the terrace there. Mark Simone NYC at Instagram. But
15:25
Speaker 1: when we get all the pictures, we'll start posting. This
15:27
Speaker 1: great event. Met a lot of great listeners there, and
15:29
Speaker 1: a lot of our great advertisers and sponsors were there. Hey,
15:33
Speaker 1: we'll take some calls. Next. Eight hundred three two one
15:36
Speaker 1: zero seven ten is the number. Eight hundred three two
15:40
Speaker 1: one zero seven ten set up pre set on the
15:43
Speaker 1: iHeartRadio app to doubor to hear Mark live.
15:47
Speaker 4: Set another for Mark's podcast to hear him anytime.
15:51
Speaker 5: Now back to Mark Simone on do woar.
15:56
Speaker 1: Hey, we just found out Chuck Norris died. Chuck Norris dead.
15:59
Speaker 1: It eighty six. Wow, he was eighty six. How the
16:03
Speaker 1: hell did that happen? He was eighty six already. I
16:05
Speaker 1: never heard anybody say a bad word about Chuck Norris. Anyway,
16:09
Speaker 1: let's take some calls. Let's go to Dave in Chicago. Dave,
16:12
Speaker 1: how you doing.
16:14
Speaker 6: Good morning, Mark. I'm doing very well, Thank you, Mark.
16:17
Speaker 6: This is shocking. Arkansas Governor Sarah Huckabee Sanders was kicked
16:22
Speaker 6: out or asked to leave a restaurant for making it
16:25
Speaker 6: staff uncomfortable with her security detail. They occupied two tables.
16:31
Speaker 6: And what kills me is not only is she the
16:34
Speaker 6: governor of the state, but I think this sort of
16:37
Speaker 6: thing happened to her once before. Where's the respect?
16:41
Speaker 1: Well, you're talking about Trump de arrangement syndrome. You're talking
16:44
Speaker 1: about crazy, unhinged Democrats, left wing nuts, and I imagine
16:50
Speaker 1: the restaurant a lot of younger workers was suffering severe
16:54
Speaker 1: cases of Trump de arrangement syndrome. It happens. I mean, hey,
16:57
Speaker 1: enjoy the fact that they're so angry and piled up
17:00
Speaker 1: and so just fuming an unhinged You can get a
17:04
Speaker 1: kick out of it. Now she is the governor. I
17:07
Speaker 1: wouldn't be surprised if this restaurant gets visited by every
17:10
Speaker 1: inspector in the world from that state. Let's go to
17:15
Speaker 1: Michael on the east Side. Michael, how you doing, Mark?
17:19
Speaker 3: Yeah, the event last night was spectacular.
17:22
Speaker 1: Oh you were there?
17:24
Speaker 3: Yeah, In fact, you and I took a picture under
17:28
Speaker 3: the chandelier, I said, Michael east Side. And in any event,
17:36
Speaker 3: I met people on your team. There quite a group of.
17:41
Speaker 1: People, salespeople, management, a lot of SHELLEYE. Rome was there.
17:46
Speaker 1: Curtis was there, Larry MENTI of course, yeah, heard Curtis.
17:51
Speaker 3: But the way the way it is done was really
17:55
Speaker 3: top notch. And that space that you have there, wow, well.
17:59
Speaker 1: We don't have it. Building called to Park Avenue. It's
18:02
Speaker 1: beautiful and they got the most beautiful.
18:04
Speaker 3: That you used and everything was just gotten top notch.
18:12
Speaker 3: Incredible people that I met there from your.
18:18
Speaker 1: So thanks for coming, Thanks for being there last night.
18:20
Speaker 1: Let's go to Mike and Florida. Mike, how you doing.
18:24
Speaker 1: Good morning, Mark? Yes, Mike.
18:26
Speaker 4: To amplify what Dave was saying earlier about Sarah, how
18:29
Speaker 4: could be being booted out of another restaurant. You know
18:33
Speaker 4: they have cont you know, well, mom Donnie's wife. Every
18:35
Speaker 4: day there's another thing about her liking somebody getting their
18:38
Speaker 4: head chopped off, and not a peep is said about it.
18:41
Speaker 4: And he's no bargain himself with some of the stuff
18:44
Speaker 4: he said in the past. But Sarah Huckabee Sanders, who
18:47
Speaker 4: couldn't be, you know, the most pleasant person on the
18:49
Speaker 4: face of the earth, and she can't go out to
18:51
Speaker 4: eat with her family. And it's astonishing that it's allowed,
18:55
Speaker 4: and that nobody on the right side of the aisle
18:58
Speaker 4: ever speaks out about it.
18:59
Speaker 1: The city Lee vociferously look at the words discuss us
19:03
Speaker 1: and vaciferously, whoa, he's going the multi syllabic on us here. Well,
19:08
Speaker 1: all right, let's check back in about a month and
19:10
Speaker 1: see what the condition to that restaurant is. Let's see
19:13
Speaker 1: if it's either closed, gone, everybody's fired, or they've got
19:17
Speaker 1: ten thousand violations from inspectors. Let's check out. I'd love
19:21
Speaker 1: to see it. All right, thanks for calling. Let's go
19:23
Speaker 1: to Joe in Elmwood Park. Joe, how you doing, Good morning, Mark,
19:28
Speaker 1: how you doing.
19:30
Speaker 6: Isn't it a coincidence that New Jersey is one of the.
19:33
Speaker 5: States that doesn't want to open up their voting your
19:35
Speaker 5: registration books.
19:37
Speaker 1: Yea. The fraud, well, hey, fraud is one of the
19:41
Speaker 1: main industry of New Jersey. Listen, everybody there will admit
19:46
Speaker 1: fraud every inch of government fraud, every inch of everything
19:49
Speaker 1: in the public stuff in New Jersey.
19:52
Speaker 5: Yeah, and that's how we got our clown.
19:54
Speaker 6: Like New York got the hoceal, we got our clown
19:57
Speaker 6: over here.
19:57
Speaker 1: Yeah, you got a pretty silly well. Although, oh, if
20:01
Speaker 1: I had to copy off somebody's test paper, i'd pick
20:03
Speaker 1: your governor. I think she's got a few IQ points
20:06
Speaker 1: on Huckel. But we'll get to Hokele in the next hour.
20:09
Speaker 1: She's in a lot of heat virally all over the
20:12
Speaker 1: internet for she just totally contradicted herself. You know, these
20:17
Speaker 1: Democrats sometimes they don't realize they're admitting how stupid they were.
20:20
Speaker 1: We'll get to that in the next hour. Schumer, same thing.
20:22
Speaker 1: But when we come back to one of the greatest
20:25
Speaker 1: economists business writers, John Carney, Now he'll give us the
20:29
Speaker 1: real story on oil prices. What's gonna happen with oil prices.
20:32
Speaker 1: We'll get to that. We'll get to inflation we'll get
20:34
Speaker 1: to the economy, the real state of the economy coming
20:37
Speaker 1: up next on seven to ten. WR.
20:40
Speaker 5: Let's get back to the Mark Simone Show on wor Well.
20:45
Speaker 1: John Carney, the brilliant business editor Breitbart Business Digest. You know,
20:50
Speaker 1: the top economists in the world, a lot of the
20:54
Speaker 1: business comunity. They subscribe to the bright Bart Business Digest.
20:57
Speaker 1: You should too. It's great stuff every day. Just go
20:59
Speaker 1: to right part and then go to newsletters and subscribe.
21:03
Speaker 1: It's free. Just subscribe to the bright Part Business Digest.
21:06
Speaker 1: You can read John Carney there every day. John Carney,
21:09
Speaker 1: how you doing? Bring me back on Hey, great to
21:15
Speaker 1: have you. Hey. Now tell us about oil. Saud East
21:18
Speaker 1: are saying, I go to one eighty of it. People
21:21
Speaker 1: all upset. It's at one oh five, it's one ten.
21:23
Speaker 1: This is all just temporary, isn't it.
21:26
Speaker 5: It is temporary. But the problem is nobody knows how
21:31
Speaker 5: long the temporary lasts.
21:36
Speaker 6: Actually, in some.
21:36
Speaker 5: Ways, if it was seen as longer, we would actually
21:40
Speaker 5: get more US investment in oil that would then help
21:43
Speaker 5: bring the oil price down. They always say the cure
21:48
Speaker 5: for high prices is high prices because it brings on
21:51
Speaker 5: more supply. Here that's unfortunately not going to happen because
21:57
Speaker 5: the high prices are being caused by the bottleneck at
22:01
Speaker 5: the straight of her moves, and so nobody's going to
22:05
Speaker 5: invest in new production in the US because that they
22:10
Speaker 5: expect that to be cleared up. The real problem, though,
22:13
Speaker 5: is when if we have oil at one hundred and
22:17
Speaker 5: ten dollars a barrel, gasoline at around four dollars a
22:21
Speaker 5: gallon for a week or two, we're okay. If it
22:25
Speaker 5: persists at that level or goes even higher, the saudis
22:29
Speaker 5: talking about one hundred and eighty dollars a barrel. That
22:33
Speaker 5: will be very bad for the economy, not because it
22:36
Speaker 5: will cause inflation, but because it will actually cost the opposite,
22:40
Speaker 5: an economic contraction. Every dollar extra a gallon that you
22:46
Speaker 5: have to put into your car is a dollar less
22:49
Speaker 5: that you have to spend on the other goods and
22:52
Speaker 5: services that you buy.
22:53
Speaker 1: For your house, your family.
22:56
Speaker 5: So gas says a tax, slow down the economy, And
23:02
Speaker 5: the real question is just duration. Persistence one hundred and
23:06
Speaker 5: ten dollars for a couple of days, we're fined for
23:08
Speaker 5: a couple months, it will slow the economy.
23:11
Speaker 1: Yeah, now there's things the president can do release oil
23:14
Speaker 1: from the strategic reserve. He can turn up some spigots somewhere.
23:17
Speaker 1: Right there's things we can do if we have to.
23:20
Speaker 5: There are some things we can do, but it's actually
23:24
Speaker 5: much more limited than people think. We can use the
23:29
Speaker 5: Strategic Controlling Reserve, but the problem is we actually have
23:32
Speaker 5: a lot of supply in the US right now. We
23:36
Speaker 5: can The President suspended the Jones Act, which controls what
23:39
Speaker 5: kind of ships can move oil from the Gulf Coast
23:42
Speaker 5: up the East Coast. That'll help a little bit, but
23:47
Speaker 5: there's not a lot he can do because oil price
23:51
Speaker 5: is not just on what's available right now, but what
23:54
Speaker 5: people expect to be available in the future. Your reserves
23:58
Speaker 5: have an endpoint to that. Again, if this ends quickly,
24:03
Speaker 5: you probably can use the reserves to hold down prices
24:05
Speaker 5: from going up. If it keeps going, you can.
24:09
Speaker 1: So let's say two weeks and six days from now
24:11
Speaker 1: they reopen the straits of horn Moose, thirty forty tankers
24:15
Speaker 1: a day are coming through. Then how long before the
24:17
Speaker 1: price comes down.
24:20
Speaker 5: Well they always say that, particularly gasoline prices, that they
24:25
Speaker 5: rise like a rocket and fall like a feather. There's
24:30
Speaker 5: good reason for that, in that the gas station owners
24:33
Speaker 5: are nervous about dropping the price down too far, too quickly,
24:39
Speaker 5: because they're always thinking not of how much did I
24:43
Speaker 5: pay for this gas, but how much will I have
24:45
Speaker 5: to pay for my next tanker full of gas that
24:49
Speaker 5: I have to fill up. You have to have make
24:50
Speaker 5: enough money to be able to fill up the next tanker.
24:53
Speaker 5: So it'll take some time for gasoline prices to come down.
24:56
Speaker 5: Oil prices, though, will go down right away. I think
25:00
Speaker 5: as long as people are confident that you know that
25:02
Speaker 5: it's open, that it's going to stay open, we will
25:05
Speaker 5: see a pretty dramatic decline in the price of oil,
25:09
Speaker 5: and then gas will take a little longer to come down,
25:12
Speaker 5: but not much. In pretty short order, we'll see the
25:16
Speaker 5: prices start to decline, particularly if they get it done
25:19
Speaker 5: quickly and get it done plausibly.
25:21
Speaker 1: Right.
25:22
Speaker 5: It can't just be, you know, something that where people
25:24
Speaker 5: think it is, you know, we got a couple of
25:27
Speaker 5: tankers through. It has to be that this twenty percent
25:31
Speaker 5: of the world's oil supply that comes through there that
25:34
Speaker 5: we expected to remain open for the foreseeable future.
25:38
Speaker 1: Yeah, now, John Carney, whenever the price drops dramatically, like
25:42
Speaker 1: under the first year of President Trump, it doesn't seem
25:44
Speaker 1: to drop in California or New York. Why is that?
25:48
Speaker 5: Yeah, well, there's a there's a couple of reasons, and
25:51
Speaker 5: they all rhyme with left wing politicists. The California has
25:58
Speaker 5: a couple problems. One is that even though we produce
26:03
Speaker 5: a lot of oil in the US, California doesn't really
26:05
Speaker 5: have access to very much of it. It can get
26:07
Speaker 5: California out of it, can get oil that's actually taken
26:11
Speaker 5: out of the ground in California, but these giant Midwest
26:16
Speaker 5: oil platforms we have, there's not a good pipeline to
26:20
Speaker 5: get the oil across the whole country. That's a huge problem.
26:26
Speaker 5: California and New York have enormous gasoline taxes. Right now,
26:31
Speaker 5: the national average price for gasoline is something like three
26:36
Speaker 5: dollars in eighty eight, that's called three dollars and ninety cents.
26:40
Speaker 5: In California, it's well above five dollars that it's approaching
26:43
Speaker 5: six dollars. So California is paying far more for gas.
26:47
Speaker 5: But it's not because gas you know, gas stations are
26:51
Speaker 5: greedier in California, or oil companies hate California. It's because
26:56
Speaker 5: the climate change activists won't let us build a pipeline
26:59
Speaker 5: to California, and California insists on taxing it. They like
27:03
Speaker 5: expensive oil because they want to force people to give
27:06
Speaker 5: up their internal combustion engines by making it too expensive.
27:10
Speaker 5: So this is not an accident. It's not even an
27:12
Speaker 5: unintended consequence of their policies. This is what they were
27:16
Speaker 5: aiming for us to have, gastly more expensive Interesting.
27:19
Speaker 1: Hey, we're talking John Carney, Breitbart Business Digest. Make sure
27:23
Speaker 1: you subscribe to it. FED Chairman Jerome Powell, what the
27:28
Speaker 1: hell is he talking about? Now when his term is up,
27:30
Speaker 1: he may become the pro temp chairman. What is he
27:34
Speaker 1: talking about? There's no such role, is there?
27:37
Speaker 5: No, there's not. So what Palis said was that if
27:43
Speaker 5: his successor, Kevin Warrish, who has been nominated by President Trump,
27:47
Speaker 5: is not confirmed by May fifteenth, that he will stay
27:50
Speaker 5: honest chairman. That's not allowed under the law. Now, there
27:54
Speaker 5: have been times where the Senate didn't confirm the next chairman,
27:59
Speaker 5: but it was the same chairman. So, in other words,
28:01
Speaker 5: back when Powell got renominated during Biden's term for a
28:06
Speaker 5: second term as chairman, there is a gap where the
28:09
Speaker 5: Senate hadn't yet gotten around and confirming him to that role,
28:12
Speaker 5: and he was allowed to stay in that role, but
28:15
Speaker 5: that was because the President had already nominated him to
28:17
Speaker 5: the position. That happened with Ellen Greenspan as well. There's
28:21
Speaker 5: no president for a former chairman holding on to the
28:25
Speaker 5: role because the next chairman hasn't been nominated. What the
28:29
Speaker 5: best legal analysis we have of this, which goes back
28:32
Speaker 5: to the Carter Whitehouse, says the President that will select
28:36
Speaker 5: one of the sitting chairmen. Now he could be he
28:39
Speaker 5: could select Powell, but I don't think Trump's going to
28:41
Speaker 5: select Palce to be then temporary chairman. But he gets
28:46
Speaker 5: to select one of the sitting governors to serve as chairman.
28:49
Speaker 5: The Senate doesn't get to say, and that the FED
28:51
Speaker 5: board doesn't get to say, and that certainly the FED.
28:54
Speaker 5: The current FED chairman, whose term is expiring, doesn't get
28:57
Speaker 5: to claim the power to do this unilaterally. He didn't
29:01
Speaker 5: even have a vote, by the way, from the other
29:03
Speaker 5: FED members to say I have this power. He is
29:06
Speaker 5: unilaterally grabbing it. Frankly, if he continues to say this,
29:12
Speaker 5: it could I don't think Trump will do this, but
29:14
Speaker 5: it could become grounds to remove him, likely because he
29:17
Speaker 5: is claiming a legal power he does not have. I
29:21
Speaker 5: don't think Trump will do that, and it would be
29:22
Speaker 5: a bigger hassle. What Trump should do is just announced.
29:26
Speaker 5: If worsh isn't confirmed, is going to make Steven Myron,
29:30
Speaker 5: Christopher Waller or Michelle Bowman the FED chairman until Warsh's
29:36
Speaker 5: confirmation comes around.
29:37
Speaker 1: I like that. Well, John Carney brilliant as always. Everybody
29:41
Speaker 1: should subscribe to Breitbart Business Digest. All the top minds
29:44
Speaker 1: in America read it every day. And what the best
29:47
Speaker 1: way is go to Breitbart right, just.
29:49
Speaker 5: Sign up, Yeah, Breitbart dot com slash Newsletters. There's a
29:53
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29:59
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30:02
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30:06
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30:10
Speaker 5: earlier than everybody else. So it's worth subscribing to.
30:12
Speaker 1: I'm telling you all the top economists read it. First
30:14
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30:20
Speaker 1: want there, but make sure you sign up for the
30:22
Speaker 1: bright Bart Business Digest. John Carney great as always, thanks
30:25
Speaker 1: for being with us, Thanks for having me. Mark, take care. Hey,
30:30
Speaker 1: coming up, Buck and Clay noon today, twelve, noon to three.
30:34
Speaker 1: Buck and Clay every day. Get Bucks new book too,
30:36
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30:39
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30:41
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30:44
Speaker 1: Kelly at six, and Jimmy fail a great show, very
30:47
Speaker 1: funny every night at nine. It's right here on seven
30:50
Speaker 1: to ten. Woir so Mark Simone show on seven ten
30:55
Speaker 1: wor Well, Hey, it's Friday, that's the good news. Today
31:01
Speaker 1: is the first day of spring. Oh, actually just happened
31:05
Speaker 1: to ten forty six, so we're twelve minutes into spring.
31:09
Speaker 1: Right now. It's spring. We're not in winter anymore. It's
31:12
Speaker 1: officially springtime. Now. Remember we had three or four years
31:16
Speaker 1: of great winters with hardly any snow. Ah, maybe a
31:19
Speaker 1: drop here and there. But remember we had a couple
31:21
Speaker 1: of winters no snow, and we got used to that,
31:23
Speaker 1: and then this past winter was brutal. Well, actually it
31:28
Speaker 1: was probably kind of normal on the long range scale,
31:31
Speaker 1: but we got spoiled, so it was brutal. And remember
31:36
Speaker 1: these blizzards. It was always on a Sunday, always on
31:39
Speaker 1: a Sunday. The blizzard would start Sunday afternoon go all
31:43
Speaker 1: day long. Monday was a nightmare trying to get any place.
31:46
Speaker 1: And it's great for the supermarket business. They love a
31:51
Speaker 1: blizzard because everybody comes in and buys up everything in
31:54
Speaker 1: the whole store. And you remember, it was always on
31:57
Speaker 1: a Sunday, so there were a lot of Saturdays where
32:00
Speaker 1: if you try to pull into the supermarket or into
32:02
Speaker 1: the mall where it is, or the shopping center where
32:05
Speaker 1: it is, you couldn't get near it. Cars backed up
32:07
Speaker 1: for a half a mile out of the Well, it's over,
32:10
Speaker 1: it's over. I just looked at the long range forecast.
32:13
Speaker 1: Fifties through the weekend. Sixty on Sunday. Looks like pretty
32:17
Speaker 1: close to the fifties all next week. And then that's it.
32:20
Speaker 1: It's practically April. It's almost easter. You got through it.
32:24
Speaker 1: The winter is over. It is now officially spring. Two
32:27
Speaker 1: thousand and twenty six. Hey, coming up in the next hour.
32:30
Speaker 1: We got a lot to get to. We'll get to
32:34
Speaker 1: the Save Act and more. Don't go away back right
32:37
Speaker 1: after the news. Mark Simone here on seven to ten
32:40
Speaker 1: wor