Latest / Ron Verb / Monday 3pm hour 05/11/26

Transcript

Monday 3pm hour 05/11/26 · Ron Verb

• 0:00
  Speaker 1: All right, so good afternoon. NewsRadio 570. Welcome, welcome, welcome,
• 0:06
  Speaker 1: boys and girls. It's Monday, May 11th already, almost the
• 0:09
  Speaker 1: middle of May. And so we are at 61 degrees.
• 0:13
  Speaker 1: Nice to be with you here. We've got a short
• 0:15
  Speaker 1: broadcast today. 530 we're going to call it quits today
• 0:19
  Speaker 1: because Guardians pregame on at 530. So short broadcast here
• 0:24
  Speaker 1: on NewsRadio 570. So keep that in mind. Let me
• 0:29
  Speaker 1: see what awaits me here today. They keep talking about
• 0:35
  Speaker 1: the agreements. Iran wants to make an agreement, but nothing happens.
• 0:43
  Speaker 1: So I keep looking, keep reading that. Now I'm reading
• 0:48
  Speaker 1: different stuff. Now I'm reading where Trump is talking about
• 0:51
  Speaker 1: putting a pause on the federal gas tax. You hear
• 0:55
  Speaker 1: some people, and they asked DeWine if he would take
• 0:58
  Speaker 1: away the state gas tax. DeWine said no. The gas
• 1:01
  Speaker 1: tax is used to repair your roads and your federal
• 1:06
  Speaker 1: highways and your roads. I think some of it goes
• 1:09
  Speaker 1: to the state patrol, and.
• 1:14
  Speaker 2: Your gas tax is used for that kind of stuff.
• 1:16
  Speaker 1: But anyway, now some of the conversation has shifted to
• 1:21
  Speaker 1: pausing the gas tax. We shall see what happens as
• 1:24
  Speaker 1: far as that's concerned. gas prices still are high in
• 1:27
  Speaker 1: my neck of the woods.
• 1:29
  Speaker 2: Still are high.
• 1:31
  Speaker 1: About $ 4. 75 for the most part. Sometimes higher, $ 4.
• 1:35
  Speaker 3: 89.
• 1:35
  Speaker 2: It's in that ballpark.
• 1:38
  Speaker 1: A little bit below $ 5 a gallon. But let's just
• 1:42
  Speaker 1: go with $ 4. 90 in that ballpark as an average in
• 1:46
  Speaker 1: my neck of the woods. So they're still really high.
• 1:49
  Speaker 1: And before I start taking some calls, where was it?
• 1:53
  Speaker 1: I was just looking at... Look at this right here,
• 1:56
  Speaker 1: the gentleman's headline. Gas prices to rise after Trump's Iran
• 2:02
  Speaker 1: proposal rejection. KALSHI, K-A-L-S-H-I, traders predict. All right, so there
• 2:13
  Speaker 1: you go.
• 2:15
  Speaker 2: That's the headline.
• 2:16
  Speaker 1: Gasoline prices said to go higher after Trump's Iran proposal rejection.
• 2:20
  Speaker 1: Here's how much they can rise. All right, you want
• 2:22
  Speaker 1: to hear this, don't you? I want to keep you informed.
• 2:31
  Speaker 1: So it says key points. President Donald Trump rejected Iran's
• 2:38
  Speaker 1: counterproposal to end the war, raising K-A-I-S-H-I.
• 2:44
  Speaker 2: How would you say that? Because she eased.
• 2:46
  Speaker 1: Traders' expectations for a surge in gasoline prices. The odds
• 2:51
  Speaker 1: of fuel prices surpassing $ 5 per gallon. The odds of
• 2:55
  Speaker 1: fuel prices surpassing $ 5 per gallon top 60% on Kashi
• 3:04
  Speaker 1: as of Monday afternoon.
• 3:07
  Speaker 2: That's today.
• 3:11
  Speaker 1: Brett Crude Futures topped 104 a barrel on Monday.
• 3:15
  Speaker 4: Hmm.
• 3:21
  Speaker 2: Similarly, U.S.
• 3:22
  Speaker 1: West Texas International Futures traded above $ 98, up 3%. Gasoline
• 3:32
  Speaker 1: prices are expected to go over $ 5 a gallon. I've
• 3:36
  Speaker 1: got to check in.
• 3:36
  Speaker 2: What is this? There's smart people out there.
• 3:40
  Speaker 1: They call it, according to, is it K-A-I-S-H-I?
• 3:49
  Speaker 2: Traders.
• 3:50
  Speaker 1: After President Trump on Sunday turned down Iran's counterproposal to
• 3:53
  Speaker 1: end the war, over the past 24 hours, cashier traders
• 3:58
  Speaker 1: ramped up their bets that gasoline prices would surpass $ 5.
• 4:02
  Speaker 2: 60 per gallon. And see, I'm like at half a tank.
• 4:08
  Speaker 1: I've been waiting, anticipating him, trying to wait for him
• 4:11
  Speaker 1: to come down before I fill up.
• 4:15
  Speaker 2: Isn't it interesting? So maybe I better do that anyway.
• 4:19
  Speaker 1: The spike in activity comes from after Trump said in
• 4:22
  Speaker 1: a true social post on Sunday that Iran's counterproposal to
• 4:26
  Speaker 1: end the war in the Middle East was totally unacceptable.
• 4:28
  Speaker 1: The president later said on Monday that the U.S. ceasefire
• 4:32
  Speaker 1: with Iran was on massive life supports. Oil prices jumped
• 4:38
  Speaker 1: today with West Texas intermediate futures jumping nearly 3%. While
• 4:41
  Speaker 1: Brent crude futures advanced close to 3%. See, I'm giving
• 4:49
  Speaker 1: you the latest stuff. Nationally, the average gasoline price per
• 4:56
  Speaker 1: gallon rose by 6 cents from a week ago to $ 4.
• 5:00
  Speaker 4: 52.
• 5:00
  Speaker 1: This is nationally because we're higher than that here. According
• 5:03
  Speaker 1: to AAA, it has risen about 38 cents from a
• 5:06
  Speaker 1: month ago and has gained about $ 1. 38 from a year back.
• 5:12
  Speaker 1: Trump also said today that he would reduce the federal
• 5:14
  Speaker 1: gasoline tax. garnering support from congressional Republicans. This came after
• 5:20
  Speaker 1: he told CBS News in an interview that he wanted
• 5:22
  Speaker 1: to suspend the levy for a period of time. I
• 5:26
  Speaker 1: think it's a great idea, the president told CBS. Yep,
• 5:29
  Speaker 1: we're going to take off the gas tax for a
• 5:30
  Speaker 1: period of time, and when gas goes down, we'll face
• 5:34
  Speaker 1: it back in. What's the federal gas tax? I think
• 5:38
  Speaker 1: it's only like 20 cents. I'll check on that for you.
• 5:43
  Speaker 1: But the key takeaway here, as I start today's broadcast...
• 5:49
  Speaker 1: So these traders ramped up their bets that gasoline prices
• 5:52
  Speaker 1: would surpass $ 5.
• 5:53
  Speaker 2: 60 a gallon.
• 5:59
  Speaker 1: I'm telling you, if that's the case, I'm just telling
• 6:03
  Speaker 1: you right now, that is a game changer for the
• 6:09
  Speaker 1: Republicans and for the Trump administration. Period.
• 6:13
  Speaker 2: End of story.
• 6:14
  Speaker 1: It will 100% be an absolute game changer. And not
• 6:21
  Speaker 1: in a good direction. Comments, 330-729-9977. 330-729-9977. I've got to
• 6:34
  Speaker 1: tell you a true story. A guy was telling me
• 6:36
  Speaker 1: over the weekends. This is news you can use. This
• 6:39
  Speaker 1: has nothing to do with gas prices or anything.
• 6:41
  Speaker 2: I just put it out there again. I once talked
• 6:44
  Speaker 2: about on the air.
• 6:46
  Speaker 5: How..
• 6:48
  Speaker 2: Wait a second. Let me grab it right here. All right,
• 6:50
  Speaker 2: a second. See this?
• 6:52
  Speaker 1: Do you see this? It's right in my pocket. In
• 6:56
  Speaker 1: my pocket, in my briefcase. My wife makes me carry these.
• 7:04
  Speaker 1: Bare chewable aspirin regimen. 81 milligrams. So bare chewable aspirin
• 7:13
  Speaker 1: is 81 milligrams. Then she writes on here, chew for
• 7:20
  Speaker 1: Tablets with chest pain. You know, so if you have
• 7:24
  Speaker 1: chest pain. So anyway, I talked about this once on here.
• 7:29
  Speaker 1: And this guy was telling me, I talked about this
• 7:31
  Speaker 1: once on here. I said, my wife has these little
• 7:34
  Speaker 1: containers that's in my briefcase, in my pocket, on the
• 7:40
  Speaker 1: nightstands and all that kind of stuff where, you know,
• 7:45
  Speaker 1: it's just a hard issues don't really run in our family.
• 7:49
  Speaker 2: But as you get older, you never know.
• 7:52
  Speaker 1: But needless to say, like if you have chest pain,
• 7:56
  Speaker 1: you know, like chest pain, you're supposed to chew four
• 7:59
  Speaker 1: of these. Don't swallow them. Chew them as you chew
• 8:03
  Speaker 1: them under your tongue. And that's supposed to help keep
• 8:09
  Speaker 1: you alive, basically, until you get to the emergency room.
• 8:14
  Speaker 1: And so I tell that story because, you know, I
• 8:18
  Speaker 1: keep them here in my pocket and all that kind
• 8:19
  Speaker 1: of stuff. And so a guy told me over the weekend,
• 8:23
  Speaker 1: he said, hey, you know, I remember when he told
• 8:24
  Speaker 1: that story. And he said he had a heart attack.
• 8:29
  Speaker 1: And he remembered from that story that he had chewable
• 8:32
  Speaker 1: baby aspirin. And when he was having one, he chewed
• 8:36
  Speaker 1: them and went right to the emergency room. And it's
• 8:39
  Speaker 1: really saved his life.
• 8:40
  Speaker 2: How about that?
• 8:42
  Speaker 1: The words and wisdom of Lisa verb, whereas she, which
• 8:50
  Speaker 1: was pretty cool. I thought, you know, which is pretty cool.
• 8:53
  Speaker 1: So that's, so I thought, well, I should mention that again.
• 8:59
  Speaker 1: Certainly if you're older, you should always be carrying some
• 9:03
  Speaker 1: baby aspirin. So if you ever have a heart attack
• 9:06
  Speaker 1: and you'll know if you have one in chest pain
• 9:08
  Speaker 1: that you're, You get the baby aspirin and you chew
• 9:11
  Speaker 1: a bowl and you chew four of them right away
• 9:13
  Speaker 1: while you call 911. And hopefully that will keep you going.
• 9:19
  Speaker 1: Because usually when they get there, they're going to make
• 9:20
  Speaker 1: you chew some too. But you want to make sure.
• 9:23
  Speaker 1: But anyway, I thought that was interesting. Very interesting. So
• 9:26
  Speaker 1: I thought I wanted to pass that along to you
• 9:28
  Speaker 1: as well.
• 9:30
  Speaker 2: All right. You're on the air.
• 9:33
  Speaker 1: I'm doing okay. When I'm not busy broadcasting, I'm saving lives,
• 9:38
  Speaker 1: giving you advice.
• 9:39
  Speaker 3: What's really funny, I don't know if you have to
• 9:41
  Speaker 3: listen to yourself. The opening right there, you said, it
• 9:45
  Speaker 3: was just funny. I know what you meant, but you said,
• 9:47
  Speaker 3: I keep my aspirins in my briefcase in my pocket.
• 9:53
  Speaker 3: And I'm sitting here and I go, how big is
• 9:55
  Speaker 3: your briefcase?
• 9:57
  Speaker 1: No, I mean, I carry some. I carry some in
• 10:01
  Speaker 1: my briefcase. I carry some in my pockets. I have
• 10:05
  Speaker 1: them on a nightstand. You know, it's not like a... Listen,
• 10:09
  Speaker 1: I'll open it up and look right now. See, they're
• 10:12
  Speaker 1: right in there.
• 10:12
  Speaker 2: There's more... No. Listen here, you smart aleck.
• 10:18
  Speaker 3: But anyway, yeah, things are, you know, with the gas
• 10:23
  Speaker 3: and everything, I just paid, I pumped for, it was
• 10:27
  Speaker 3: $ 4. 70 a gallon, and I gave the rights to my son,
• 10:31
  Speaker 3: to the owner of the gas, if you would let
• 10:34
  Speaker 3: me have an extra five gallons. So when my son
• 10:37
  Speaker 3: gets to the right age, he's going to have to
• 10:38
  Speaker 3: work for him for a little bit to work off
• 10:41
  Speaker 3: the gas. gas price, you know what I mean, which
• 10:43
  Speaker 3: is so expensive.
• 10:45
  Speaker 2: Well, yeah, but it's a..
• 10:47
  Speaker 3: I've got to myself, well, if I drive around for
• 10:51
  Speaker 3: a while, maybe I'll come across an unlucky possum. And
• 10:54
  Speaker 3: I can, you know, brew them.
• 10:55
  Speaker 2: And there'll be dinner.
• 10:56
  Speaker 3: Not too much damage. I get it home before it goes.
• 11:03
  Speaker 2: Yeah, I'm here. I'm listening to you, Ramblin'.
• 11:08
  Speaker 1: I'm just thinking, I mean, I'm just reading it right
• 11:10
  Speaker 1: here today, and it's like, So for the most part,
• 11:13
  Speaker 1: we're at around $ 4.
• 11:15
  Speaker 2: 89, let's say, in that ballpark.
• 11:17
  Speaker 1: Just slightly below $ 5 a gallon. And I keep hearing
• 11:23
  Speaker 1: this stuff on Fox. Oh, Iran wants to make a deal.
• 11:26
  Speaker 1: Iran wants to make a deal. And so it looks like.
• 11:30
  Speaker 3: But is this a game show?
• 11:32
  Speaker 2: I don't know.
• 11:33
  Speaker 3: You want to make a deal?
• 11:35
  Speaker 2: I don't know. Yeah, let's make a deal. What is it.
• 11:38
  Speaker 3: Bob Barker and stuff? I don't understand this. What deal
• 11:40
  Speaker 3: are they looking for?
• 11:41
  Speaker 2: Apparently not the one we're offering.
• 11:44
  Speaker 3: Do we want a kitchen set along with it? Or
• 11:46
  Speaker 3: do we want to get a vacation to Mexico? I
• 11:48
  Speaker 3: don't understand because that's what a deal is. And then
• 11:51
  Speaker 3: they say they don't like the deal. My idea is
• 11:55
  Speaker 3: if you're even going to sit down and talk about
• 11:57
  Speaker 3: a deal, you're going to have to have three quarters
• 12:00
  Speaker 3: on each side agreeing to whatever the other ones are saying.
• 12:03
  Speaker 3: You understand what I'm saying? You can't just go in
• 12:06
  Speaker 3: there and go, I'll offer you this, and they're going, no,
• 12:08
  Speaker 3: I'll offer you that. This doesn't sound right. So I
• 12:11
  Speaker 3: agree with you that we should just make a deal.
• 12:14
  Speaker 3: And it's almost jargon that Mr.
• 12:17
  Speaker 6: Trump uses.
• 12:18
  Speaker 3: With his business, and I'm not blaming anything. I'm saying
• 12:22
  Speaker 3: that's how his life is. That's how he verbalizes things.
• 12:25
  Speaker 3: I don't understand.
• 12:26
  Speaker 1: Well, it seems to me, listen, here's my analysis. I mean,
• 12:30
  Speaker 1: do I think we have him on the ropes? Well,
• 12:33
  Speaker 1: you would think so. I mean, with all the bobbing
• 12:37
  Speaker 1: that took place and with the blockade and without their
• 12:41
  Speaker 1: economy doing much good. But it doesn't seem like that...
• 12:46
  Speaker 1: I don't know how to read it. It would seem
• 12:48
  Speaker 1: like you got them up against the wall, and that
• 12:51
  Speaker 1: they would want a deal so they can get back
• 12:53
  Speaker 1: to selling oil and getting money coming in and all
• 12:57
  Speaker 1: this kind of stuff. But apparently there's a number of
• 13:02
  Speaker 1: folks in Iran that say– They're not interested.
• 13:06
  Speaker 3: I don't know.
• 13:06
  Speaker 2: If they want to make a deal, why isn't there
• 13:08
  Speaker 2: a deal? That's what I'm saying.
• 13:09
  Speaker 3: It's almost like you use the reference to sports. You know,
• 13:13
  Speaker 3: if I'm going to want a contract for five years
• 13:17
  Speaker 3: where I'm going to make this amount of money each
• 13:19
  Speaker 3: year and make a curb progress... I'll get, uh, other benefits.
• 13:23
  Speaker 3: If I throw for 5,000 yards, I get this amount
• 13:25
  Speaker 3: of money, uh, benefit or more extra money, something like that.
• 13:28
  Speaker 3: But you're going to have that already as an understood
• 13:31
  Speaker 3: type of thing. And I, and I just don't, uh,
• 13:33
  Speaker 3: it bothers me because it's a, um, we're obviously not
• 13:37
  Speaker 3: getting anywhere. And, uh, it's, I don't understand.
• 13:42
  Speaker 1: I tell you what, all you need to understand is
• 13:45
  Speaker 1: what this line is. I'm reading from CNBC over the
• 13:47
  Speaker 1: past 24 hours. cashier traders ramped up their bets that
• 13:52
  Speaker 1: gasoline prices would surpass 560 per gallon.
• 14:01
  Speaker 2: I don't know that that means there's a war.
• 14:03
  Speaker 1: It just means that no agreement is being reached and
• 14:05
  Speaker 1: the price of oil continues to go up.
• 14:07
  Speaker 3: 560, I mean, again, just think about it, Ron.
• 14:11
  Speaker 2: That's ridiculous.
• 14:12
  Speaker 3: Where does it stop? Where are we going to continue
• 14:17
  Speaker 3: to say, okay, we're paying $ 9 an hour, $ 9 a gallon.
• 14:21
  Speaker 3: If that happens, do we go, we'll go to 11
• 14:24
  Speaker 3: and then there'll be no more? Are we going to
• 14:25
  Speaker 3: go to..
• 14:26
  Speaker 2: Well, I don't jump that.
• 14:27
  Speaker 1: I think over 560 is pretty ridiculous. I don't need
• 14:32
  Speaker 1: to go to 9, but I mean, when I'm reading this..
• 14:34
  Speaker 3: I don't want to either. I'm just saying that are
• 14:36
  Speaker 3: we going to become that complacent or that we become...
• 14:41
  Speaker 3: that it doesn't bother us that we become immune or
• 14:45
  Speaker 3: indifferent to it, that it's going to go up.
• 14:47
  Speaker 4: Okay.
• 14:47
  Speaker 3: It goes up extra dollar. And I was, you know,
• 14:49
  Speaker 3: what other thing on public news calls him, will you
• 14:52
  Speaker 3: please remind.
• 14:52
  Speaker 2: Him he was wrong.
• 14:53
  Speaker 3: Number Friday, he said, Oh, we're getting, you didn't train.
• 14:56
  Speaker 3: You didn't trust Trump. And he said, well, let's see
• 14:58
  Speaker 3: what happened on Monday. Here comes Monday. And look what happened.
• 15:03
  Speaker 3: All right.
• 15:05
  Speaker 2: Thank you. It's a JJ, the liberal. Thank you. Back
• 15:08
  Speaker 2: with more of your calls in just a minute.
• 15:11
  Speaker 1: Youngstown's news, weather, and talk station, 570-WKBN.
• 15:17
  Speaker 2: Ron Verb, and you're on the air.
• 15:20
  Speaker 4: Hey, Ron, this is going to be my most depressing
• 15:24
  Speaker 4: call ever.
• 15:25
  Speaker 2: Well, now, hang on. Do you know what? I want
• 15:27
  Speaker 2: to ask you before you get depressed to live in
• 15:29
  Speaker 2: hell out of me, okay? Do you mind? Cashy. What
• 15:33
  Speaker 2: is this cashy? Is that a betting place or something?
• 15:37
  Speaker 2: I'm trying to hear. Yeah, I believe that's a prediction market. Yeah,
• 15:40
  Speaker 2: Kashi predicts markets for trading the future. Okay, so I
• 15:45
  Speaker 2: don't know if I'm pronouncing it right. K-A-I-S-H-I.
• 15:48
  Speaker 1: Kashi is a registered exchange and prediction market where you
• 15:52
  Speaker 1: can trade on the outcome of real-world events, buy and
• 15:56
  Speaker 1: sell event contracts. Okay, so that's where you bet on stuff, right?
• 16:04
  Speaker 1: So they're saying here, Let me go back to CNBC.
• 16:08
  Speaker 1: So let's see. So their betting markets is cashy traders
• 16:14
  Speaker 1: ramped up their bets that gasoline prices would surpass $ 5. 60
• 16:19
  Speaker 1: per gallon.
• 16:21
  Speaker 2: What do you make of that?
• 16:21
  Speaker 4: I believe it's based in Japan. That's why it's got
• 16:24
  Speaker 4: a weird name.
• 16:26
  Speaker 2: Yeah.
• 16:27
  Speaker 1: So now I'm looking at it. Trading volume on oil
• 16:29
  Speaker 1: and gas prices will hit about $ 5. 60 in the last
• 16:31
  Speaker 1: 24 hours. Surpassed.
• 16:37
  Speaker 2: Let's see.
• 16:39
  Speaker 1: I don't know how to even read this stuff to
• 16:43
  Speaker 1: make sense. Trading volume in the last 24 hours. So
• 16:46
  Speaker 1: the bulk of it went to 560. I guess that's
• 16:51
  Speaker 1: basically just speculators, right?
• 16:54
  Speaker 4: Yeah, that's speculators betting on the future price of oil
• 16:58
  Speaker 4: and gas.
• 17:01
  Speaker 2: How accurate do you think that is, Frank?
• 17:04
  Speaker 4: Well, unless they're oil... Market analyst, I wouldn't put a
• 17:09
  Speaker 4: lot of stock into it.
• 17:11
  Speaker 2: So what do you make of it? I mean, give
• 17:14
  Speaker 2: me a second. I know you wanted to..
• 17:16
  Speaker 4: Oil was selling almost $ 99 a barrel earlier today when
• 17:22
  Speaker 4: I checked. And not long ago, it was down to
• 17:25
  Speaker 4: $ 90 a barrel. So going from $ 90 to almost $ 99
• 17:27
  Speaker 4: a barrel is a huge... price increase in a short
• 17:36
  Speaker 4: amount of time.
• 17:36
  Speaker 2: Is that an increase or a drop?
• 17:38
  Speaker 1: Are you saying it went from $ 90 to $ 99, or
• 17:41
  Speaker 1: was it $ 99 and dropped to $ 90?
• 17:43
  Speaker 4: No, it was $ 90 a few days ago. Now it's
• 17:47
  Speaker 4: up to almost $ 99 a barrel when I checked a
• 17:51
  Speaker 4: couple hours ago.
• 17:52
  Speaker 2: And basically, from what I'm reading... It's Fort Lauderdale Frank,
• 17:55
  Speaker 2: financial guru.
• 17:56
  Speaker 1: So basically what I'm reading on CNBC says that it's
• 18:01
  Speaker 1: because the deal was, there isn't a deal, basically. That's
• 18:05
  Speaker 1: why oil prices are going up and why they say
• 18:09
  Speaker 1: gas prices could go up.
• 18:10
  Speaker 2: Would you agree with that?
• 18:12
  Speaker 7: Yes, I would.
• 18:13
  Speaker 1: Yes.
• 18:15
  Speaker 2: I can't imagine. It's hard to fathom.
• 18:19
  Speaker 1: Even when you see like $ 4. 99, I mean $ 5 a gallon,
• 18:22
  Speaker 1: I'm just talking in my neck of the woods. I
• 18:24
  Speaker 1: realize in other places it's different because they talk about, well,
• 18:27
  Speaker 1: it's $ 4. 50 in these places and that kind of stuff.
• 18:29
  Speaker 1: But it's hard to imagine if you would see the
• 18:33
  Speaker 1: gas price at $ 5. 60 a gallon. Stand by, back with
• 18:36
  Speaker 1: Fort Lauderdale Frank and some insight from him. And why
• 18:40
  Speaker 1: does he say he's going to depress me? I'm very
• 18:43
  Speaker 1: troubled by that. I want to find out what that is.
• 18:46
  Speaker 2: News Radio 570.
• 18:48
  Speaker 5: WKV's report is sponsored by Taking a Walk Podcast.
• 18:52
  Speaker 2: All right, back to it. 335 in the afternoon.
• 18:54
  Speaker 1: News Radio 570. So, as things stand right now, Fort Lauderdale, Frank,
• 19:01
  Speaker 1: economically speaking, things don't look so good as far as
• 19:04
  Speaker 1: oil futures and the cost of a gallon of gas.
• 19:07
  Speaker 1: Would that be a fair statement?
• 19:10
  Speaker 4: Yes, I was... well uh... listening to an economist uh...
• 19:15
  Speaker 4: friday that said that warren buffett's portfolio is no longer
• 19:22
  Speaker 4: geared for a global economic recession his portfolio is now
• 19:29
  Speaker 4: geared to withstand a great global economic depression possibly the
• 19:37
  Speaker 4: worst oppression in history and A Republican talking point is,
• 19:45
  Speaker 4: AI will bail us out. That's in vogue now. I
• 19:50
  Speaker 4: think that is unlikely. And at some point, the trillions
• 19:54
  Speaker 4: of dollars that the MAG-7 is pouring into AI, they're
• 19:58
  Speaker 4: going to have to stop calculating their expected return on
• 20:02
  Speaker 4: capital and start realizing we better be concerned with a
• 20:07
  Speaker 4: return of our capital instead of pissing it down AI
• 20:12
  Speaker 4: rabbit holes. And Buffett also is called Bitcoin rat poison.
• 20:20
  Speaker 4: He has no faith in Bitcoin whatsoever.
• 20:23
  Speaker 1: First of all, back up for one second. Here's what
• 20:27
  Speaker 1: people don't understand, and maybe you do. And this is
• 20:30
  Speaker 1: for everybody that's listening. And I'm glad you brought this
• 20:33
  Speaker 1: up as well. The things that I'm reading when it
• 20:38
  Speaker 1: comes to AI... And, folks, I'm just here for all
• 20:42
  Speaker 1: of you to understand a lot of people don't follow this,
• 20:44
  Speaker 1: particularly if you're older. Artificial intelligence is the amount of
• 20:49
  Speaker 1: jobs that it will replace. In other words, eliminate is
• 20:53
  Speaker 1: the word I want.
• 20:54
  Speaker 2: Right, Frank?
• 20:55
  Speaker 1: They're talking within three years. So they're talking from now
• 21:00
  Speaker 1: to within three years. So between 2026 and 2029.
• 21:06
  Speaker 2: That it could be.
• 21:07
  Speaker 1: 50%, Frank, 50% of white-collar jobs could very easily be
• 21:12
  Speaker 1: eliminated by AI. So then my question would be, well,
• 21:17
  Speaker 1: what are all those people supposed to do? I mean,
• 21:20
  Speaker 1: that's a huge amount of people who lose their jobs.
• 21:24
  Speaker 1: And we're a consumer-based economy. If they don't have a job,
• 21:28
  Speaker 1: then they're not going to be hiring a plumber to
• 21:30
  Speaker 1: redo the bathroom.
• 21:31
  Speaker 2: Comment, please.
• 21:34
  Speaker 4: Well, they're going to have to depend on charity, private charity. But,
• 21:39
  Speaker 4: you know, Ronnie, AI is at ground zero of a
• 21:43
  Speaker 4: gigantic financial bubble similar to the dot-com bubble from 2001
• 21:48
  Speaker 4: to 2010, in which NASDAQ lost 90% of its value.
• 21:57
  Speaker 4: I wouldn't be surprised if any of these AI companies
• 22:00
  Speaker 4: go bankrupt. and that the new Fed chairman will declare
• 22:04
  Speaker 4: them too big to fail and bail them out with
• 22:07
  Speaker 4: trillions of dollars of taxpayer money. And I don't envy
• 22:11
  Speaker 4: the new Fed chairman. He's going to be between a
• 22:14
  Speaker 4: rock and a hard place. His only two options are
• 22:18
  Speaker 4: to hyperinflate or to pursue a responsible monetary policy and
• 22:24
  Speaker 4: watch both the government and private sector collapse upon itself
• 22:29
  Speaker 4: in a mountain of debt. Now, from a political point
• 22:32
  Speaker 4: of view, monetizing the debt is the path of least resistance.
• 22:37
  Speaker 4: But now the Chinese banks are forbidden to buy our
• 22:41
  Speaker 4: government debt. And I say to the Republican and Democrat
• 22:46
  Speaker 4: voters who still remain that your big, beautiful government will
• 22:51
  Speaker 4: probably force Americans who own private pensions, 401ks, and IRAs
• 22:57
  Speaker 4: to buy government debt against their will. I wouldn't be
• 23:00
  Speaker 4: surprised if Congress says, Ron, you and me and everybody
• 23:06
  Speaker 4: else with 401k, 20% of your 401k has to be
• 23:11
  Speaker 4: in government debt. And, you know..
• 23:15
  Speaker 1: Then that takes away your freedom of investing because it
• 23:20
  Speaker 1: depends what the return is on that. I mean, here's
• 23:24
  Speaker 1: my concern. And I bounce this off of you and
• 23:27
  Speaker 1: I would call this, just be patient with me because
• 23:29
  Speaker 1: I'm I'm picking his brain. I understand many of you
• 23:32
  Speaker 1: people aren't paying attention to this kind of stuff. And
• 23:35
  Speaker 1: I get it. And I understand a lot of you
• 23:37
  Speaker 1: don't read the financial stuff. So I'm just trying to
• 23:41
  Speaker 1: give you some information that's out there that I want
• 23:43
  Speaker 1: you to be aware of. That's all I'm saying. It
• 23:46
  Speaker 1: could be right, could be wrong. As I say, I'm
• 23:49
  Speaker 1: not a cheerleader for Trump or for any politician.
• 23:53
  Speaker 2: But I am getting tired of Iran wants a deal.
• 23:58
  Speaker 2: Iran wants a deal. A deal's imminent. A deal's imminent.
• 24:00
  Speaker 1: I've been hearing this on Fox News for the longest
• 24:03
  Speaker 1: period of time. And then we see, based on what
• 24:07
  Speaker 1: took place this weekend, well, Iran isn't that desperate to
• 24:10
  Speaker 1: have a deal because they haven't agreed to this one, apparently.
• 24:17
  Speaker 1: So they keep telling me how desperate they are and
• 24:19
  Speaker 1: how they want a deal. Well, they're not making a deal.
• 24:22
  Speaker 1: So I'm sitting back and I'm saying, OK. Every time
• 24:27
  Speaker 1: that happens, I know oil prices go up, and that
• 24:30
  Speaker 1: can potentially mean your gas prices go up. Maybe I'm
• 24:33
  Speaker 1: the only guy out there. I think $ 5 a gallon
• 24:35
  Speaker 1: is ridiculous. I think it's absolutely ridiculous, and I think
• 24:39
  Speaker 1: economically it hurts a lot of you. I mean, when
• 24:42
  Speaker 1: you fill up your vehicle and it's $ 100 or.
• 24:46
  Speaker 2: $ 80, it's a lot of money to fill it up.
• 24:49
  Speaker 1: So the thought or the conversation is, that I don't
• 24:53
  Speaker 1: care who the president is, the gas prices could go
• 24:55
  Speaker 1: above $ 5 is, I just think it's, if that's the case,
• 25:03
  Speaker 1: Trump's presidency isn't going to be on life support as
• 25:07
  Speaker 1: well as the midterms. The American people aren't going to
• 25:10
  Speaker 1: sit back, the vast majority of them, and say, oh,
• 25:13
  Speaker 1: I'm all in for paying $ 5 or $ 5. 60 a gallon
• 25:16
  Speaker 1: because I'm concerned about Iran. I don't believe that for
• 25:18
  Speaker 1: a minute.
• 25:19
  Speaker 2: Do you, Frank?
• 25:21
  Speaker 4: I don't believe it either, Ron. And, Ron, the reason
• 25:24
  Speaker 4: why I believe in supply-side economics, and I've been pre-market
• 25:30
  Speaker 4: capitalism all my life, the pre-market is a self-adjusting mechanism. Like,
• 25:37
  Speaker 4: what's happening right now? When you have high oil and
• 25:41
  Speaker 4: high gas prices, if we had a true pre-market and
• 25:46
  Speaker 4: no government interference, Investment capital would be flowing out of
• 25:54
  Speaker 4: oil and gas companies right now and flowing into alternative
• 25:59
  Speaker 4: energy at lower prices. We would be weaning ourselves off
• 26:07
  Speaker 4: of oil companies. and natural gas.
• 26:11
  Speaker 6: Well, we're not.
• 26:12
  Speaker 2: We're not.
• 26:13
  Speaker 1: We're going more into natural gas than ever for electric production,
• 26:17
  Speaker 1: for our power plants, more than ever. I've argued for
• 26:21
  Speaker 1: the longest period of time with all of these people.
• 26:24
  Speaker 1: You want diversity in creating electricity. You want hydro, which
• 26:28
  Speaker 1: is water. You want coal. You want natural gas. And
• 26:32
  Speaker 1: you want nuclear. Your four main dependable ones that you
• 26:36
  Speaker 1: want You want diversity there, but we're getting... I give
• 26:42
  Speaker 1: Trump credits that he stopped ripping down all these coal plants,
• 26:46
  Speaker 1: but unfortunately under Obama and Biden, they ripped a bunch
• 26:49
  Speaker 1: of them down without anything to replace them.
• 26:51
  Speaker 2: The government's intervention..
• 26:55
  Speaker 1: In the Green New Deal nonsense has created this energy
• 26:59
  Speaker 1: problem in addition to AI. But I mean, they created
• 27:02
  Speaker 1: a lot of this problem by saying, okay, we're green energy.
• 27:07
  Speaker 1: You can't have a coal, regulating coal plants out of
• 27:09
  Speaker 1: business and insisting they be torn down with nothing to
• 27:12
  Speaker 1: replace them and the amount of power that they produce.
• 27:16
  Speaker 1: This is ridiculous. So now we're building more power plants,
• 27:20
  Speaker 1: but they're all based on natural gas. Well, what do
• 27:23
  Speaker 1: you think is going to happen to the price of
• 27:24
  Speaker 1: natural gas when that much consumption is being used for power?
• 27:29
  Speaker 2: I mean, the supply and demand.
• 27:31
  Speaker 4: And in the free market economy, let's take a look
• 27:36
  Speaker 4: at China and some other countries that have at least
• 27:40
  Speaker 4: a semblance of a free market. Investment capitals flowing out
• 27:46
  Speaker 4: of their oil and natural gas industries into clean energy industries.
• 27:52
  Speaker 4: It's not going into windmills. It's going into productive, clean
• 27:58
  Speaker 4: energy like solar. But that is not happening in this country.
• 28:03
  Speaker 4: We're going to fall farther and farther behind in the race. And,
• 28:07
  Speaker 4: you know, China, let me say something about China.
• 28:11
  Speaker 2: Well, hang on a minute.
• 28:13
  Speaker 1: I don't buy into that in China. China's built more
• 28:15
  Speaker 1: coal plants than anybody. That's a reality.
• 28:19
  Speaker 4: Well, that's the reality, but they're also investing in a
• 28:23
  Speaker 4: lot of..
• 28:24
  Speaker 1: Right, but they're buying all our coal. China has built
• 28:28
  Speaker 1: more coal plants lately. China is one of the biggest
• 28:31
  Speaker 1: polluters on the planet. They have, excuse me, they build
• 28:36
  Speaker 1: all kinds of coal plants and continue to build them.
• 28:39
  Speaker 1: And they're buying a lot of coal from this country.
• 28:42
  Speaker 1: And they want cheap, dependable energy in China. They're not
• 28:46
  Speaker 1: environmentalists over there. They're not worried about solar and this stuff.
• 28:50
  Speaker 1: They're doing exactly the opposite. And that's what makes it
• 28:53
  Speaker 1: hard to compete against them, because the lunatics with the
• 28:56
  Speaker 1: green energy here in this country, they want the California model,
• 29:00
  Speaker 1: which is windmills and solar panels, which don't produce nearly
• 29:04
  Speaker 1: as much energy, which is a lot more expensive energy
• 29:07
  Speaker 1: to produce and less dependable. I mean, it's ridiculous. I
• 29:11
  Speaker 1: want everybody out there... You've got to give me an aye-aye, Captain,
• 29:15
  Speaker 1: on this. We've got an energy problem because of Obama, Biden, Kerry,
• 29:20
  Speaker 1: Hillary Clinton, the war on coal, damn it. I realize
• 29:23
  Speaker 1: people don't want to hear it.
• 29:24
  Speaker 2: If you're a.
• 29:25
  Speaker 1: Democrat, you created this problem because Obama and these folks
• 29:30
  Speaker 1: regulated coal plants out of business. Let's make the regulation
• 29:33
  Speaker 1: so stern they couldn't afford to stay in business. And
• 29:37
  Speaker 1: then let's pass laws that you've got to tear that
• 29:40
  Speaker 1: coal plant down, like Samanis in Ohio, or the one
• 29:44
  Speaker 1: in our area, where a perfectly good coal plant had
• 29:48
  Speaker 1: to be torn down because of the green energy stuff. Well,
• 29:52
  Speaker 1: as much as we can bitch about Trump, Trump has
• 29:54
  Speaker 1: stopped that from happening. Trump has said that we no
• 29:57
  Speaker 1: longer are going to allow tearing down these coal plants
• 30:00
  Speaker 1: under this Obama scheme because nothing was there to replace
• 30:03
  Speaker 1: the energy they created. Supply and demand, that helped raise
• 30:08
  Speaker 1: energy prices because of the Democrats, just as the demand
• 30:13
  Speaker 1: from AI is creating some of it.
• 30:16
  Speaker 4: Now, Ron, let me interrupt you a second. Regardless of
• 30:21
  Speaker 4: anybody's opinion on energy policy, investment capital is pouring into China.
• 30:30
  Speaker 2: I don't care. I hate to say it. I don't care.
• 30:35
  Speaker 1: It's communist China. They're an enemy to the United States.
• 30:38
  Speaker 1: Things are owned by the country. I mean, I have
• 30:42
  Speaker 1: zero respect for China. I'm not a fan of China.
• 30:46
  Speaker 1: And we shall see what happens. It even appears China
• 30:49
  Speaker 1: is aiding Iran in some of the efforts that we
• 30:53
  Speaker 1: have to try to end this particular situation.
• 30:57
  Speaker 4: As far as inflation, Ron, let me tell you this.
• 31:01
  Speaker 4: It's not only Warren Buffett. It's all the smartest investors
• 31:06
  Speaker 4: in the world. Jamie Dimon, 20% of his portfolio in gold.
• 31:12
  Speaker 4: Bank of America, a lot of their portfolio in gold.
• 31:17
  Speaker 4: Stanley Druckenmiller, he said that gold is the future. You
• 31:23
  Speaker 4: got a CIO, chief investment officer at another big bank said,
• 31:29
  Speaker 4: we had 40% of our portfolio in treasuries. We're cutting
• 31:34
  Speaker 4: that in half. We just sold 20% of our treasuries,
• 31:38
  Speaker 4: and we're using it all to buy gold.
• 31:41
  Speaker 1: The bottom line is this, and then I'll let you
• 31:43
  Speaker 1: depress me, but the bottom line is this. For everybody
• 31:46
  Speaker 1: out there listening and people get frustrated with you, listen,
• 31:49
  Speaker 1: the reality is until there's some type of agreement here
• 31:53
  Speaker 1: with the situation in Iran, the economy is going to
• 31:57
  Speaker 1: be in a difficult situation because of uncertainty and the
• 32:02
  Speaker 1: price of oil. And we are an oil-based economy. And
• 32:07
  Speaker 1: it's just going to go back and forth. Oh, there
• 32:09
  Speaker 1: could be a deal. Oil prices go down. Well, the
• 32:11
  Speaker 1: deal's off. Oil prices go back up. But in the meantime,
• 32:13
  Speaker 1: you're still stuck paying $ 4. 80 a gallon or more and
• 32:17
  Speaker 1: having that hurt. And then when you see AI, and
• 32:21
  Speaker 1: once again, the people that know AI are saying they're
• 32:24
  Speaker 1: underselling it, not overselling it. They're underselling AI. And how
• 32:27
  Speaker 1: many jobs? They replaced, what, 9,000, 10,000 jobs at Meta? Facebook,
• 32:32
  Speaker 1: if you will, with AI. Well, that's a huge number
• 32:35
  Speaker 1: of people losing their jobs. That's just the beginning. So
• 32:40
  Speaker 1: the country's got some serious issues ahead.
• 32:43
  Speaker 2: Now, forget all of that.
• 32:45
  Speaker 1: What were you going to depress me with, or was
• 32:46
  Speaker 1: that what you were going to depress me with, what
• 32:48
  Speaker 1: you said?
• 32:49
  Speaker 4: Well, another thing I was going to depress you with
• 32:51
  Speaker 4: is the reason why some of the best investment minds
• 32:57
  Speaker 4: in the world are buying gold is because They feel
• 33:02
  Speaker 4: just like me. Even if this war ends today.
• 33:06
  Speaker 6: We.
• 33:08
  Speaker 4: Have stagflation. Stagflation is the highest inflation to cure. So
• 33:15
  Speaker 4: regardless of whether the Straits of Hormuz opens and we
• 33:21
  Speaker 4: stop the war and we stop spending tens of billions
• 33:26
  Speaker 4: of dollars on this war, we're spending $ 1 billion a day.
• 33:32
  Speaker 4: on the Iranian war.
• 33:34
  Speaker 2: And we can't afford it.
• 33:36
  Speaker 4: Yeah, inflation, hold on to your seats, because inflation is
• 33:41
  Speaker 4: going to persist for a long time. That's why they're
• 33:45
  Speaker 4: all buying gold and silver and commodities.
• 33:49
  Speaker 1: I hope you're wrong. I've got to move along. I
• 33:53
  Speaker 1: appreciate it. Thank you, Fort Lauderdale. Frank, you're on the air.
• 33:58
  Speaker 6: Let me depress you a little bit more.
• 33:59
  Speaker 2: All right.
• 34:00
  Speaker 3: Okay.
• 34:02
  Speaker 6: Woody at the Firehounds Winery.
• 34:05
  Speaker 1: Yes.
• 34:06
  Speaker 6: He died.
• 34:08
  Speaker 2: Did he?
• 34:09
  Speaker 6: He died on Friday. Yeah, he's younger than me. He
• 34:13
  Speaker 6: died on Friday, but they held it a secret until
• 34:17
  Speaker 6: after Mother's Day.
• 34:19
  Speaker 2: How did you find out?
• 34:22
  Speaker 6: I got my way, son. I have my ways.
• 34:28
  Speaker 1: Really?
• 34:28
  Speaker 2: I mean, I had not heard that.
• 34:32
  Speaker 6: Yeah, he died. Well, I think it was Friday or Saturday.
• 34:36
  Speaker 6: But they didn't want to tell nobody until after Mother's
• 34:39
  Speaker 6: Day that they didn't want to get everybody depressed.
• 34:44
  Speaker 3: All because of tourism.
• 34:46
  Speaker 2: Wow.
• 34:48
  Speaker 1: He was a hell of a guy. I mean, I
• 34:50
  Speaker 1: spent a lot of time obviously doing commercials with him
• 34:54
  Speaker 1: and doing some remote broadcasts from up at Old Firehouse.
• 34:57
  Speaker 2: I'm sorry to hear that.
• 34:59
  Speaker 6: Yeah, he died. Now, we're screwed on this oil deal.
• 35:04
  Speaker 6: Trump got us so far down. And I don't want
• 35:07
  Speaker 6: to hear it no more about the Democrats because you
• 35:10
  Speaker 6: were part of that plan.
• 35:13
  Speaker 2: What do you mean? So wait a minute, wait a minute,
• 35:15
  Speaker 2: wait a minute. Stand by. Let me do my commercials.
• 35:17
  Speaker 2: Let me do my commercials. I'll come back to you.
• 35:20
  Speaker 2: Hang on.
• 35:20
  Speaker 1: It sounds like an irate caller standing by. Ron Verb,
• 35:24
  Speaker 1: NewsRadio 570 WKBN 352 at 62 degrees. All right, go.
• 35:30
  Speaker 2: Ahead with what you were going to say, Irie Caller.
• 35:34
  Speaker 1: Huh?
• 35:35
  Speaker 2: Go ahead with what you were saying.
• 35:37
  Speaker 6: Oh, just about you and your buddy there being Democrats,
• 35:41
  Speaker 6: you know, voting for Obama and all that. We tried
• 35:45
  Speaker 6: to tell you, but you wouldn't listen. Hey, now, when
• 35:50
  Speaker 6: these politicians get hired on, is their pay private or
• 35:56
  Speaker 6: is it public?
• 35:58
  Speaker 2: No, it's public, their pay.
• 36:00
  Speaker 6: Well, somebody better come up here and tell our local
• 36:03
  Speaker 6: newspaper because they said that I'm nosy because Metro Parts
• 36:09
  Speaker 6: hired a bird watcher. A bird watcher. But it didn't
• 36:19
  Speaker 6: have no pay on there. And I called the reporter
• 36:23
  Speaker 6: and did I get screamed at? Because I wanted to know,
• 36:27
  Speaker 6: they said I was nosy.
• 36:29
  Speaker 2: Well, so what? You want to know what they paid
• 36:31
  Speaker 2: for the birdwatcher?
• 36:33
  Speaker 4: Yeah.
• 36:34
  Speaker 2: Well, I don't care if you're nosy or not. That
• 36:36
  Speaker 2: should be, I mean, it is.
• 36:37
  Speaker 3: I know. That's a government worker.
• 36:39
  Speaker 2: Yeah, it should be public record.
• 36:41
  Speaker 6: Well, the newspaper says no.
• 36:44
  Speaker 2: Based on what?
• 36:45
  Speaker 6: This is Dave Thomas territory.
• 36:48
  Speaker 2: I'll ask, I'll have to ask Dave Thomas.
• 36:51
  Speaker 6: Yeah, that don't make no sense. I'm going to commissioners
• 36:56
  Speaker 6: meeting this week or next week.
• 37:00
  Speaker 2: I forget.
• 37:01
  Speaker 6: But I'm going. And I want some answers.
• 37:05
  Speaker 1: In other words, what are we paying for the bird
• 37:07
  Speaker 1: watcher for the Metro Parks in Ashtabula?
• 37:10
  Speaker 6: Well, we know what we're paying the head honcho. He's
• 37:14
  Speaker 6: getting almost $ 180, 000 or so just to put a.
• 37:15
  Speaker 3: Park in a field.
• 37:20
  Speaker 6: You know, for horses.
• 37:23
  Speaker 2: All right. All right. Good hearing you.
• 37:26
  Speaker 3: Other good news? Want me to tell you some more?
• 37:28
  Speaker 2: Yeah, quickly.
• 37:29
  Speaker 6: I'm dying.
• 37:32
  Speaker 1: Really?
• 37:32
  Speaker 6: Yeah, I stopped all my treatment.
• 37:35
  Speaker 1: Stand by. Stand by. Hang in there. I want to
• 37:38
  Speaker 1: talk to you after the news break.
• 37:41
  Speaker 2: Back in a minute. News Radio 570 WKBN and Ron Verbstate.
• 37:48
  Speaker 5: From ABC News, I'm Michelle Franzen. Health officials say 17
• 37:52
  Speaker 5: Americans and one British national living in the U.S. are
• 37:54
  Speaker 5: now in quarantine at medical facilities in Nebraska and Georgia.
• 37:58
  Speaker 5: The majority in Omaha. ABC's Steve Osensami says two patients
• 38:02
  Speaker 5: are at Emory Hospital in Atlanta.
• 38:04
  Speaker 7: In a statement from Emory Hospital, they say that they're
• 38:07
  Speaker 7: working in coordination with local, state, and federal partners, that
• 38:11
  Speaker 7: they've received two passengers here from the cruise ship following
• 38:14
  Speaker 7: the outbreak. One is symptomatic. and is receiving care in
• 38:19
  Speaker 7: Emory's biocontainment unit, and one is asymptomatic currently, identified as
• 38:25
  Speaker 7: a close contact, and is undergoing evaluation and monitoring.
• 38:29
  Speaker 5: President Trump rejecting Iran's response to a ceasefire memo.
• 38:33
  Speaker 2: The U.S.
• 38:33
  Speaker 5: And Iran remain stalled over reopening the Strait of Hormuz
• 38:37
  Speaker 5: and also Iran's nuclear ambitions. ABC's Karen Travers has more.
• 38:40
  Speaker 8: The big sticking point for weeks, for months now, of course,
• 38:43
  Speaker 8: has been Iran's nuclear program and their nuclear ambitions. The
• 38:47
  Speaker 8: president has been very clear. He wants the United States
• 38:49
  Speaker 8: to get Iran's enriched uranium. He said that last week.
• 38:52
  Speaker 8: We're going to get it. That has been a red
• 38:55
  Speaker 8: line for Iran. But it's not clear if that was
• 38:57
  Speaker 8: something specific they put back in this. But again, it's
• 39:00
  Speaker 8: been a sticking point for some time.
• 39:02
  Speaker 5: A non-profit conservation group has launched a legal battle to
• 39:05
  Speaker 5: try to stop the repainting of the Lincoln Memorial reflecting pool.
• 39:09
  Speaker 9: In a lawsuit filed Monday, a non-profit called the Cultural
• 39:12
  Speaker 9: Landscape Foundation argued that Trump needs approval from Congress to
• 39:16
  Speaker 9: alter the Lincoln Memorial because it's a historical landmark. Trump
• 39:19
  Speaker 9: has defended his attempt to repaint the reflecting pool in
• 39:22
  Speaker 9: a shade of blue called American Flag Blue.
• 39:25
  Speaker 2: And renovate the site.
• 39:26
  Speaker 1: And over the years as a developer, I've probably built
• 39:29
  Speaker 1: more than a swimming pools.
• 39:31
  Speaker 9: The nonprofit is asking a judge to halt the renovations
• 39:34
  Speaker 9: until the Trump administration gets congressional approval.
• 39:37
  Speaker 2: Peter Haralambous, ABC News.
• 39:38
  Speaker 5: On Wall Street today, stocks ending higher led by tech shares.
• 39:42
  Speaker 5: You're listening to ABC News.