Latest / Ron Verb / The entire broadcast from Thursday 06/11/26
Transcript
- 0:00Speaker 1: All right, here we go. News Radio 570. Don't you
- 0:02Speaker 1: carry on and run for 307 here in the afternoon.
- 0:05Speaker 1: Nice to be with you here. What are we sitting with?
- 0:07Speaker 1: Seventy nine degrees and cloudy. Some rain in the forecast
- 0:12Speaker 1: and in various vicinities here as we get underway on
- 0:16Speaker 1: this Thursday. Legal show at five tonight. John Arnold's money
- 0:21Speaker 1: talks at six. And in the meantime, we conversate. I
- 0:25Speaker 1: get to phone calls momentarily, but I think Dave Thomas
- 0:28Speaker 1: is out there as well.
- 0:29Speaker 2: Hello?
- 0:31Speaker 3: Yes, hi.
- 0:31Speaker 4: How are you doing, Ron? Good.
- 0:33Speaker 1: How are you? Good.
- 0:34Speaker 5: I had a call back. I called right at the
- 0:36Speaker 5: tail end of the G2 yesterday. You had fascinating callers on,
- 0:42Speaker 5: and I enjoyed that gentleman from Palestine, the Palestinian, talking
- 0:46Speaker 5: about his relatives.
- 0:47Speaker 1: I thought he was– he offered great insight. I mean, yes,
- 0:52Speaker 1: I thought the guy was just– I just saw the..
- 0:57Speaker 5: I remember him calling in the past, and I wish
- 0:59Speaker 5: he would.
- 1:00Speaker 3: Call more often.
- 1:01Speaker 6: Yeah.
- 1:02Speaker 5: And then you had the guy that called. I don't
- 1:04Speaker 5: know if he was Mark Levin. He was saying, where
- 1:07Speaker 5: are the bodies buried in Gaza? He goes, in other words,
- 1:12Speaker 5: there wasn't a genocide. And if he's listening, there were
- 1:18Speaker 5: 72,000 Palestinians killed. They were buried in mass graves. There
- 1:24Speaker 5: are two big mass graves, Nasser Hospital and Air Sharif Hospital.
- 1:30Speaker 5: They're in parking lots. They're in backyards. They're under rubble.
- 1:34Speaker 5: And if you ever look at it, Elon Musk put
- 1:36Speaker 5: a picture up on X of Gaza before and after
- 1:42Speaker 5: the attacks.
- 1:43Speaker 2: Beautiful, beautiful.
- 1:45Speaker 5: It was a wonderful area. And then after the attacks,
- 1:50Speaker 5: it looks like the moonscape. There's rubble everywhere. And then
- 1:54Speaker 5: what really touched a nerve was when G2 brought up
- 1:58Speaker 5: the attack on the USS Liberty. And I followed that
- 2:04Speaker 5: for many years, and I've read a couple of books
- 2:06Speaker 5: on it. And that was a premeditated attack. And what
- 2:12Speaker 5: I wanted to tell G2, and I think he knew this,
- 2:16Speaker 5: was that they called off the rescue, LBJ and Robert McNamara,
- 2:23Speaker 5: personally called off the rescue jets that were going to
- 2:27Speaker 5: come to the aid of the USS Liberty. And it
- 2:33Speaker 5: was sad. Those pilots turned around and not like, I
- 2:38Speaker 5: don't know if you remember Benghazi, when you had our
- 2:43Speaker 5: embassy was being attacked and you had four ex-SEALs that
- 2:47Speaker 5: worked for the CIA as security contractors. They were Tyrone Woods,
- 2:53Speaker 5: Glenn Daugherty. They were told to stand down by the
- 2:57Speaker 5: State Department and Hillary Clinton, and they refused to do so.
- 3:01Speaker 5: They rescued so many people in Benghazi, and it only
- 3:06Speaker 5: resulted in four deaths. One was the ambassador, and the
- 3:10Speaker 5: others were the ex-SEALs and CIA contractors. But I can't
- 3:17Speaker 5: believe that those pilots would have turned back and said,
- 3:21Speaker 5: i don't know if she to notice but in in
- 3:23Speaker 5: the book at the it's called the attack on the
- 3:26Speaker 5: liberty it was from two thousand nine the authors uh...
- 3:29Speaker 5: but james scott he gives a timeline of the assault
- 3:33Speaker 5: and the declassified documents and that's when it came out
- 3:37Speaker 5: about uh... lbj our president our democratic president and mac
- 3:42Speaker 5: the mayor how could you what your assail would be
- 3:47Speaker 5: attacked you're the leader of the country but uh... Getting
- 3:51Speaker 5: back to it real quick, showing that it was premeditated,
- 3:57Speaker 5: that happened on June the 8th, 1967. But in the book,
- 4:03Speaker 5: on the timeline, on June the 7th, the day before
- 4:06Speaker 5: the Liberty, this was day four of the Six-Day Israeli War.
- 4:14Speaker 5: On the 7th, the Israeli jets were flying over the Liberty,
- 4:19Speaker 5: Flying around it, they had boats flying around it. It
- 4:22Speaker 5: was identified as a U.S.
- 4:23Speaker 4: Ship.
- 4:24Speaker 5: It wasn't until the next day that the attack occurred.
- 4:30Speaker 5: And what they did when they were sending out SOS calls..
- 4:50Speaker 7: Urgent weather message The National Weather Service in Pittsburgh has
- 4:54Speaker 7: issued a severe thunderstorm warning for Northeastern Belmont County in
- 4:58Speaker 7: East Central Ohio, Southeastern Jefferson, Ohio County in East Central Ohio,
- 5:03Speaker 7: Allegheny County in Southwestern Pennsylvania, Washington County in Southwestern Pennsylvania,
- 5:08Speaker 7: Northwestern Westmoreland County in Southwestern Pennsylvania, Southwestern Armstrong County in
- 5:14Speaker 7: West Central Pennsylvania, Butler County in West Central Pennsylvania, South
- 5:18Speaker 7: Central Clarion County in West Central Pennsylvania, Eastern Beaver County
- 5:22Speaker 7: in western Pennsylvania, southeastern Lawrence County in western Pennsylvania, Brooke
- 5:27Speaker 7: County in northern West Virginia, Ohio County in northern West Virginia,
- 5:31Speaker 7: until 4.15 p.m.
- 5:33Speaker 4: EDT.
- 5:34Speaker 7: At 3.10 p.m. EDT, severe thunderstorms were located along a
- 5:39Speaker 7: line from 7 miles north of Zillianople to near West Liberty,
- 5:43Speaker 7: or along a line from 11 miles west of Butler
- 5:45Speaker 7: to near Clearview, moving east at 30 mph. Hazard, 70
- 5:50Speaker 7: miles per hour wind gusts. Source, law enforcement reported. Impact,
- 5:56Speaker 7: expect considerable tree damage. Damage is likely to mobile homes, roofs.
- 6:02Speaker 4: And outbuildings.
- 6:04Speaker 7: Locations impacted include Pittsburgh, Penn Hills, Mount Lebanon, Bethel Park,
- 6:09Speaker 7: Ross Township, Wheeling, McCandless Township, Monroeville, Cranberry, Moon Township, McMurray, McKeesport, Butler, Washington,
- 6:18Speaker 7: Franklin Park, Aliquippa, Canonsburg, Martins Ferry, and Monica. Numerous trees
- 6:24Speaker 7: and wires have been reported down along this line of storms.
- 6:27Speaker 7: Anyone outdoors should move to shelter inside a well-built structure
- 6:31Speaker 7: and stay away from windows. These storms have produced widespread
- 6:35Speaker 7: damaging winds. Report severe weather to your nearest law enforcement
- 6:40Speaker 7: agency or the National Weather Service office in Pittsburgh, Pennsylvania. Repeating,
- 6:45Speaker 7: a severe thunderstorm warning has been issued until 4.15 p.m.
- 6:48Speaker 2: Eastern.
- 6:54Speaker 1: All right, so be advised of that. All right, go
- 6:56Speaker 1: ahead and finish your thoughts, please.
- 6:58Speaker 5: Sure, real quick. It's a good day to stay inside
- 7:01Speaker 5: and listen to the radio in the air conditioning. I
- 7:04Speaker 5: was golfing up in Kent yesterday with a cousin of mine.
- 7:08Speaker 5: He said, how often do you call that show? I said,
- 7:11Speaker 5: what show? He said, the Ron Verb show. I said,
- 7:14Speaker 5: do you listen to that? His name's Dr.
- 7:16Speaker 8: Ford.
- 7:17Speaker 5: If he's listening, you have a strong signal. He lives
- 7:20Speaker 5: in Hudson, but he follows you, and I was surprised
- 7:23Speaker 5: about that. But getting back real quick to the... Liberty.
- 7:27Speaker 5: If it wasn't for Congressman Massey that had the survivors
- 7:32Speaker 5: in Washington, he's getting a lot more attention coming out.
- 7:38Speaker 5: And the Israelis finally admitted, at first they said it
- 7:41Speaker 5: was an accident. It was a blatant attack. But in 1968,
- 7:47Speaker 5: the victims' families filed suit, and the Israelis were forced
- 7:51Speaker 5: to pay $ 12. 8 million in compensation to went to the families,
- 7:56Speaker 5: and then in 1969, the wounded crew members got part
- 8:00Speaker 5: of the settlement. And then in 1980, the Israelis paid
- 8:04Speaker 5: for the ship itself, the damages to the ship, due
- 8:08Speaker 5: to lawsuits. But they paid with, I believe it was U.S.
- 8:12Speaker 5: taxpayer money from the United States.
- 8:14Speaker 1: Naturally, we give them billions.
- 8:16Speaker 5: Yes, we give them billions. And to talk about giving
- 8:19Speaker 5: them billions, we're still giving the Taliban billions. $ 40 million
- 8:24Speaker 5: a week, thanks to John Toon, Senator Toon. And I
- 8:29Speaker 5: don't know why they can't stop that. But anyway, you
- 8:33Speaker 5: see the markets turned around because of the announcement from
- 8:39Speaker 5: Trump saying that he's not going to attack tonight. And
- 8:42Speaker 5: what he did do yesterday, and I was telling G2
- 8:45Speaker 5: when it was towards the tail end, that we did
- 8:48Speaker 5: attack two water reservoirs. that are very important because they're
- 8:53Speaker 5: having a severe water water shortage now in iran it's
- 8:56Speaker 5: affecting civilians and uh... that would classify as a war
- 9:02Speaker 5: crime and were complicit or involved will be only country
- 9:08Speaker 5: that this with israel on the genocide in gaza and
- 9:13Speaker 5: lebanon and now we're attacking water reservoirs but thank god
- 9:17Speaker 5: that uh... trump called it off Speaking of calling it off,
- 9:22Speaker 5: I wish I would have had that inside information at
- 9:24Speaker 5: 1.30 when that announcement came out and everything spiked. I'm
- 9:29Speaker 5: sure there were people that made a few bucks in
- 9:31Speaker 5: the market on that.
- 9:33Speaker 1: I wouldn't be shocked about it at all. You mean
- 9:35Speaker 1: as far as insiders out of D.C.? the Trump circle
- 9:41Speaker 1: or whatever. I'm sure that there are many insiders that
- 9:43Speaker 1: made a bundle of money because the Dow jumped 700 points.
- 9:46Speaker 1: Oil tumbles as Trump cancels evening strikes against Iran. It's interesting.
- 9:50Speaker 1: It's interesting how he can change, spike the markets and
- 9:55Speaker 1: bring it down simply by what he's saying. And if
- 9:57Speaker 1: you've got that inside information, you obviously can make a
- 10:00Speaker 1: lot of money on it. And I suspect people are.
- 10:03Speaker 5: You know how many times this year he's announced a
- 10:05Speaker 5: peace deal was near or imminent?
- 10:08Speaker 1: About 30. About 30. 38 times.
- 10:12Speaker 2: Yeah.
- 10:14Speaker 5: That's the poll.
- 10:15Speaker 1: And now they're announcing today that... a deal is near.
- 10:20Speaker 1: So we shall see. I really hope there is because
- 10:25Speaker 1: this has got to come to a conclusion. I hope
- 10:27Speaker 1: there is a deal. I hope there is one that's near.
- 10:30Speaker 1: If not, I think we have big trouble. Well, you
- 10:32Speaker 1: heard the inflation numbers that were just given out during
- 10:34Speaker 1: our news at 3 o'clock. They're significant. And if this
- 10:38Speaker 1: continues to go on, I'll say once again, I think
- 10:40Speaker 1: your gasoline prices, oil prices, and inflation will all go
- 10:45Speaker 1: up if this continues on. through July and August. I
- 10:48Speaker 1: don't think it will be a pleasant economic experience for
- 10:54Speaker 1: us here at all.
- 10:56Speaker 5: I think we're in big trouble. And you know what?
- 11:00Speaker 5: I like Trump. I support Trump. I wouldn't vote for
- 11:03Speaker 5: a Democrat. But when it comes to real estate and
- 11:09Speaker 5: making deals, the art of the deal, he's good. But
- 11:12Speaker 5: when it comes to... foreign policy, it seems he's got
- 11:16Speaker 5: the Midas touch in reverse. I mean, he doesn't know
- 11:18Speaker 5: how to get out of conflicts that he put us in.
- 11:23Speaker 5: And Tucker had a fascinating..
- 11:25Speaker 1: Well, the best way to get out of them is
- 11:27Speaker 1: don't get in them in the first place.
- 11:28Speaker 5: Exactly. And Tucker had a guy on his latest interview,
- 11:33Speaker 5: Professor Mearsheimer. It's International Relations from the University of Chicago
- 11:40Speaker 5: talking about... well, he was talking about Russia and Ukraine, that,
- 11:46Speaker 5: you know, and I really, it opened my eyes because
- 11:49Speaker 5: I was always critical of General Milley and Obama, but, and,
- 11:58Speaker 5: and Biden. But during, during the war, when it started,
- 12:03Speaker 5: with Ukraine and Russia, General Milley advised that we come
- 12:08Speaker 5: to a negotiated peace settlement and, um, He was told
- 12:13Speaker 5: to stand down and shut up, cease and desist. That
- 12:17Speaker 5: was in 2023. Because we wanted to, we, I don't
- 12:23Speaker 5: know who that was, IPAC, the lobbyists, whoever, wanted the
- 12:27Speaker 5: conflict to go on and keep the sanctions in place.
- 12:32Speaker 5: But it didn't work out. And now it's coming out
- 12:36Speaker 5: that Russia is talking about attacking NATO. I don't know
- 12:41Speaker 5: if you saw that.
- 12:42Speaker 1: I did not.
- 12:43Speaker 5: Okay, and what bothers me, that might escalate into using nukes.
- 12:49Speaker 1: Well, we can only hope not. That's a whole other topic.
- 12:53Speaker 1: We shall see where this goes. I certainly hope Trump
- 12:56Speaker 1: is accurate that a deal is near or he's once
- 12:59Speaker 1: again talking about one as I look at it today.
- 13:04Speaker 1: I hope that's accurate. I've been down this road 30-something
- 13:07Speaker 1: times with him, and he called off the strike and
- 13:09Speaker 1: the market has ticked up. I hope this time it
- 13:13Speaker 1: happens and we can reach a conclusion on this. and
- 13:16Speaker 1: hopefully get time to heal as far as our economy
- 13:18Speaker 1: is concerned and our energy prices. We shall see. Stay
- 13:22Speaker 1: in touch with me tomorrow and let me know. It's
- 13:24Speaker 1: an ever-changing event. I appreciate your insight. Smart guy. You're
- 13:28Speaker 1: on the air.
- 13:30Speaker 6: Hey, Ron, it's David.
- 13:31Speaker 1: That's who I'm looking for. Dave Thomas, state rep, NewsRadio
- 13:34Speaker 1: 570 WQN. All right, so a few things that we
- 13:37Speaker 1: have to cover with you here. Call us a line standby.
- 13:39Speaker 1: I'll get to you. Coming up, that's... we are going
- 13:43Speaker 1: on as far as the states uh... is concerns that uh...
- 13:47Speaker 1: we want you to be cognizant of let's see uh...
- 13:50Speaker 1: let's talk about medicaid fraud what's the latest on that
- 13:53Speaker 1: and daycare fraud.
- 13:56Speaker 6: Yes so we passed um... tuesday and wednesday we were
- 13:59Speaker 6: actually uh... in session late into the evening slash morning uh...
- 14:05Speaker 6: passing almost about fifty bills lot different topics uh... two
- 14:09Speaker 6: of them dealt with medicare I'm sorry, Medicaid and the
- 14:13Speaker 6: child care fraud issues. So, on the child care side,
- 14:17Speaker 6: folks can look up House Bill 647. This one deals
- 14:23Speaker 6: specifically with child care. And what we saw that came
- 14:26Speaker 6: out of some of the reports back in January with
- 14:29Speaker 6: child care issues, essentially... Daycare centers billing for kids that
- 14:35Speaker 6: went there.
- 14:36Speaker 4: Right.
- 14:36Speaker 1: You've got to hold that thought. Let me do my
- 14:38Speaker 1: commercial so I can write back, chat with Dave Thomas
- 14:41Speaker 1: about a few areas, get to calls and more. Straight ahead,
- 14:43Speaker 1: NewsRadio 570. WKBN.
- 14:49Speaker 9: Youngstown's news, weather, and talk station, 570 WKBN.
- 14:54Speaker 1: Back to it, 325 in the afternoon. All right, pick
- 14:58Speaker 1: it up. We're talking about daycare and Medicaid fraud.
- 15:02Speaker 4: Yes.
- 15:02Speaker 6: So this daycare one, hospital 647, this does a lot
- 15:06Speaker 6: of things that you think are pretty common sense, but
- 15:08Speaker 6: we didn't have in place prior to what happened in January.
- 15:12Speaker 6: So there's kind of direct data with each individual child
- 15:17Speaker 6: that goes then to the Department of Children and Youth
- 15:20Speaker 6: in Columbus. That way they can track where the kids are.
- 15:24Speaker 6: There's actual kind of digital tracking with them so that
- 15:27Speaker 6: they know when they're in the building, when they're not,
- 15:30Speaker 6: how many days they're there. reimbursement wise. We change up
- 15:33Speaker 6: some of the reimbursement side too. So there were centers
- 15:37Speaker 6: that were just saying, Hey, Johnny's here, you know, four
- 15:39Speaker 6: days a week. Hey us, Johnny was never there. Now
- 15:43Speaker 6: we'll actually be able to track. We'll know. This also
- 15:46Speaker 6: gives the attorney general the authority right now. They do
- 15:50Speaker 6: not have this. If Franklin County, if there's a fraud
- 15:53Speaker 6: issue in Franklin County, that prosecutor is the one that's
- 15:56Speaker 6: responsible for it. Prosecutor in Franklin County is not going
- 15:59Speaker 6: to prosecute. or go after these types of things. The
- 16:03Speaker 6: attorney general can then step in, even in these types
- 16:06Speaker 6: of situations, take over, um, and, uh, prosecute. So that's
- 16:12Speaker 6: a handful of things that just right away we're able
- 16:14Speaker 6: to pass with 647. Um, those are some of the
- 16:19Speaker 6: loopholes that folks have kind of exploited, um, especially some
- 16:24Speaker 6: of those zip codes in Franklin County, um, some of
- 16:27Speaker 6: those different populations and, uh, This now moves over to
- 16:31Speaker 6: the Senate. So we passed it late last night. It
- 16:34Speaker 6: moves over to the Senate, and they'll have to take
- 16:36Speaker 6: action on it now.
- 16:38Speaker 1: Do you think it'll pass there? Yes or no?
- 16:40Speaker 4: Yes.
- 16:41Speaker 1: All right. So, I mean, this thing has to happen
- 16:43Speaker 1: relatively quickly, so there's accountability for the money being paid
- 16:46Speaker 1: out and Medicaid fraud and daycare fraud, correct?
- 16:51Speaker 4: Yes.
- 16:51Speaker 6: Yeah, and that was just the daycare one, the Medicaid one,
- 16:55Speaker 6: and there's a lot here. This is Senate Bill 315.
- 17:00Speaker 6: This is actually already going to the governor's desk. So
- 17:04Speaker 6: we passed this one very late last night. And this
- 17:08Speaker 6: one hits at all of the Medicaid issues that we've
- 17:10Speaker 6: been seeing as well. And it's somewhat similar. There was
- 17:13Speaker 6: just never the actual ability to track, have electronic verification,
- 17:19Speaker 6: GPS verification for these different providers that said that they
- 17:24Speaker 6: were visiting grandma or visiting their someone who is disabled,
- 17:27Speaker 6: to provide health care services or respite care, for example,
- 17:32Speaker 6: is what they call it. So this sets up, after
- 17:34Speaker 6: the governor vetoed that last budget, this sets up that
- 17:38Speaker 6: type of tracking to make sure that they are going
- 17:40Speaker 6: where they're going. We're increasing the penalties quite heavily for
- 17:45Speaker 6: Medicaid fraud, which previously were almost misdemeanors. They were very,
- 17:50Speaker 6: very little. Now we're ramping those up quite a bit
- 17:53Speaker 6: for the actual penalties if you're found guilty of stealing
- 17:57Speaker 6: his money or committing fraud with Medicaid.
- 18:01Speaker 1: All right, and that's a done deal other than DeWine
- 18:03Speaker 1: has to sign it. Do you believe he will?
- 18:07Speaker 6: That's going to be one of the questions.
- 18:10Speaker 9: NewsRadio 570 WKVN.
- 18:12Speaker 1: All right, back to it. NewsRadio 570 WKVN. Isn't this interesting,
- 18:17Speaker 1: State Rep. Dave Thomas? So you don't know if DeWine
- 18:20Speaker 1: is going to sign this bill. Explain the bill once
- 18:23Speaker 1: again and what it does.
- 18:25Speaker 4: Yeah.
- 18:26Speaker 6: So this is Senate bill three 15. This was passed
- 18:29Speaker 6: late last night. It's on its way to the governor.
- 18:31Speaker 6: This overhauls the Medicaid system. So it puts a lot
- 18:35Speaker 6: of checks and balances into Medicaid that were not there
- 18:38Speaker 6: and was the reason you saw a lot of the
- 18:41Speaker 6: issues earlier this year and still with Medicaid, especially around
- 18:46Speaker 6: Franklin County. Um, you do a lot of kind of
- 18:49Speaker 6: basic things like even additionally from what I said earlier,
- 18:52Speaker 6: requiring on-site in-person inspections before you get a license to
- 18:57Speaker 6: become a Medicaid provider, um, have a certain kind of
- 19:01Speaker 6: like payment systems set up where if, if there's a
- 19:04Speaker 6: strange payment, um, kind of like a back pattern where
- 19:09Speaker 6: they're going, a lot of payments from different organizations are
- 19:12Speaker 6: going to one same account or going to one same address,
- 19:16Speaker 6: like there's something wrong with that, setting up things like that. Um,
- 19:19Speaker 6: or even, um, actual pre-authorization before certain expenses are made
- 19:26Speaker 6: for patients. On top of all the GPS verification, all
- 19:29Speaker 6: the auditing verification, a lot of this is what legislatures
- 19:33Speaker 6: try to do. The governor's vetoed. That's why we're not
- 19:37Speaker 6: really sure quite how he's going to respond yet, but
- 19:40Speaker 6: I'm hopeful he's going to sign it.
- 19:43Speaker 1: We shall see. I don't know why he wouldn't sign
- 19:45Speaker 1: it other than he, well, he should sign it. Let's
- 19:49Speaker 1: put it that way. Anything he does doesn't surprise me,
- 19:52Speaker 1: to say the least, when it comes to Governor DeWine.
- 19:56Speaker 1: It's been very disappointing. So that is Medicaid fraud, daycare
- 20:00Speaker 1: fraud bill, tax relief bill passed. What's that?
- 20:04Speaker 6: Yes, so you've probably heard a little bit about the
- 20:08Speaker 6: overages that the state has. So we cut the income
- 20:11Speaker 6: tax again last year, another almost half a percent. Now
- 20:16Speaker 6: Ohio has the lowest flat tax in the nation. But
- 20:19Speaker 6: we've actually been bringing in even more money by cutting
- 20:22Speaker 6: the tax, which just shows market activity. People are making
- 20:27Speaker 6: more type of thing. So we budgeted for less in
- 20:30Speaker 6: our budget this past year, but we've gotten them more
- 20:32Speaker 6: because So we have about a $ 1. 5 billion kind of
- 20:36Speaker 6: overage right now. And there's been a lot of questions
- 20:39Speaker 6: about what to actually do with some of that money.
- 20:43Speaker 6: So one of our bills that we passed late yesterday
- 20:45Speaker 6: as well, it's House Bill 479. Folks can look this up.
- 20:51Speaker 6: It directs some of this money different places. One of
- 20:54Speaker 6: the provisions, there will be a $ 350 million credit given
- 21:01Speaker 6: to those on homes instead. That is seniors who are
- 21:04Speaker 6: over 65, those that are essentially making social security or
- 21:09Speaker 6: a little over social security, about $ 38, 000 a year. Those
- 21:13Speaker 6: folks that are on Homestead will see on average, especially
- 21:17Speaker 6: in our area, a doubling of their Homestead credit from
- 21:21Speaker 6: this overage amount. So we are actually reimbursing locals and
- 21:26Speaker 6: we're saying those folks on Homestead will see a doubling,
- 21:29Speaker 6: about $ 500 on average. to their tax bills in January
- 21:34Speaker 6: of next year, every homestead recipient in the state.
- 21:38Speaker 10: Um, all right.
- 21:39Speaker 1: So remember when you had the overage one other year,
- 21:42Speaker 1: you made the sales tax holiday include a bunch of
- 21:45Speaker 1: other stuff and up the limits. I mean, why don't
- 21:48Speaker 1: we do that?
- 21:49Speaker 6: And that's next. So on top of that 350, the
- 21:52Speaker 6: homestead folks were doing 320 million into that sales tax
- 21:56Speaker 6: holiday fund for, um, I'm not entirely sure. I think
- 22:01Speaker 6: we have to do it in the budget prior to
- 22:03Speaker 6: the year. So this will be for next year's sales
- 22:06Speaker 6: tax holiday. That will be extended once again, just like
- 22:09Speaker 6: we've had in previous years. This will be half of
- 22:12Speaker 6: the month of August, so the 1st through the 15th.
- 22:15Speaker 6: And then anything under $ 500, sales tax-free for.
- 22:18Speaker 4: That whole period.
- 22:20Speaker 1: In what, 2027? Correct, yep, next year.
- 22:23Speaker 6: This is all for next year's.
- 22:25Speaker 1: Right.
- 22:25Speaker 6: Next year's budget.
- 22:26Speaker 3: All right.
- 22:27Speaker 1: So, I mean, I thought that was a good idea.
- 22:28Speaker 1: So anything you bought, anything, $ 500 or less, there wasn't
- 22:33Speaker 1: a sales tax on it. So I thought that was good.
- 22:36Speaker 1: So that'll be coming as a result of the overage.
- 22:39Speaker 1: Why don't we stop the overage in the future?
- 22:44Speaker 6: I kind of joke with folks. Not that we tried,
- 22:47Speaker 6: but I cut an income tax again. We actually cut
- 22:52Speaker 6: the income tax roughly $ 2 billion. And the Democrats during
- 22:56Speaker 6: that budget, they were saying, we're going to be in
- 22:58Speaker 6: the deficit. We're going to lose this $ 2 billion.
- 23:01Speaker 2: And they were wrong.
- 23:02Speaker 1: You cut it and erased more money.
- 23:05Speaker 6: Exactly.
- 23:06Speaker 1: It was exactly opposite what the Democrats said. You lowered
- 23:09Speaker 1: the income tax rate and it brought in more money,
- 23:13Speaker 1: not less money.
- 23:14Speaker 11: Yes.
- 23:17Speaker 6: And on the back end, so we keep using some
- 23:19Speaker 6: of this to then decrease more of the income tax.
- 23:22Speaker 6: You'll see that again next year. And the sales tax
- 23:26Speaker 6: holiday fund, more money for seniors for that homestead side.
- 23:31Speaker 6: And then we're using $ 200 million to actually pay off
- 23:35Speaker 6: certain debts that we're not spending more on. interest on
- 23:40Speaker 6: bonds and different things like that. It's trying to lower
- 23:42Speaker 6: than our actual debt amount as well.
- 23:44Speaker 1: Wouldn't it be refreshing? I was listening where Governor DeSantis
- 23:47Speaker 1: in Florida is bragging how this is another year where
- 23:51Speaker 1: they're spending less money than they did the year before.
- 23:53Speaker 1: And they did that the year before that. I mean,
- 23:55Speaker 1: he's got a consistent record as governor of spending less
- 23:59Speaker 1: money each year than he did the year before. Wouldn't
- 24:02Speaker 1: that be refreshing to see that happen for a change
- 24:04Speaker 1: by government?
- 24:07Speaker 6: That absolutely would be.
- 24:09Speaker 1: But I shouldn't hold my breath. But, I mean, they're
- 24:12Speaker 1: doing it in Florida. I mean, it's really something to
- 24:15Speaker 1: watch that happen. And basically to brag about it, hey,
- 24:18Speaker 1: guess what? We're spending less money this year than we
- 24:21Speaker 1: did last year than we did the year before. So
- 24:24Speaker 1: they're going in the right direction as opposed to increasing
- 24:27Speaker 1: government spending every year.
- 24:30Speaker 6: I would say hold your breath until our next budget
- 24:33Speaker 6: with Governor Ramaswamy.
- 24:35Speaker 1: Hopefully.
- 24:35Speaker 6: And like I tell folks, buckle up.
- 24:39Speaker 1: Yeah, I mean, and that's hopefully because if you believe polling,
- 24:42Speaker 1: I mean, polling, it could be neck and neck with
- 24:45Speaker 1: Amy Acton and Ramaswamy. And if you believe the polling,
- 24:47Speaker 1: then Sherrod Brown is ahead of Houston, if you believe
- 24:51Speaker 1: the polling. We shall see. Of course, it's a long
- 24:55Speaker 1: time between then and now, and a lot depends on
- 24:57Speaker 1: what happens in Iran and inflation and this war situation.
- 25:01Speaker 1: And if you have a blue wave as a result
- 25:03Speaker 1: of all of that. I mean, so there's so many variables,
- 25:06Speaker 1: it's hard to predict. But if you look at what
- 25:08Speaker 1: it is now, Amy Acton's doing pretty good as far
- 25:11Speaker 1: as governor, and Sherrod Brown's doing pretty good as far
- 25:13Speaker 1: as returning to the Senate. Much to my chagrin.
- 25:16Speaker 6: I think once folks, Sherrod Brown's his own thing. But
- 25:23Speaker 6: especially Amy Acton, once folks pay a little bit of
- 25:26Speaker 6: attention to what she's actually proposing, what an Ohio would
- 25:30Speaker 6: look like under her, those polls, even if they're frustrated
- 25:34Speaker 6: and they're upset, I think we're going to see those
- 25:36Speaker 6: polls tightening, especially over the summer.
- 25:38Speaker 4: But you're right.
- 25:39Speaker 6: If we still have $ 5 gas, if inflation keeps going
- 25:43Speaker 6: up through the roof and people just don't see a
- 25:47Speaker 6: reason to vote to stay.
- 25:49Speaker 2: Home, Right.
- 25:50Speaker 6: And, yeah, we'll have an Amy Acton governor.
- 25:52Speaker 4: Right.
- 25:52Speaker 1: And then you'll really see a nightmare happen. I mean,
- 25:55Speaker 1: this is the Amy Acton that quits when she couldn't
- 25:58Speaker 1: take the heat as the state's doctor. How's she going
- 26:00Speaker 1: to handle governor?
- 26:03Speaker 6: This is the Amy Acton who's promising to spend about
- 26:05Speaker 6: $ 20 billion in her first budget on... above and beyond
- 26:09Speaker 6: things that we're already spending now on top of giving
- 26:12Speaker 6: schools all that they want on top.
- 26:14Speaker 1: Of everything else. Yeah, growing governments, needing more money. I mean,
- 26:18Speaker 1: it's going in totally the opposite direction. If you vote
- 26:21Speaker 1: for Sherrod Brown or Amy Acton, you should have your
- 26:23Speaker 1: head examined. I mean, absolutely. Sherrod Brown supported every lunatic
- 26:27Speaker 1: thing Joe Biden was for. Every single thing. And Amy
- 26:30Speaker 1: Acton is a far left person as well. So DeWine's
- 26:36Speaker 1: got to get his act together, though, as far as
- 26:38Speaker 1: I'm concerned, and start signing his stuff. I mean, first
- 26:43Speaker 1: and foremost, this stuff should have never happened in the
- 26:44Speaker 1: first place. Are we in agreement there, this fraud in Ohio?
- 26:48Speaker 1: Should have never happened in the first place.
- 26:49Speaker 11: 100%.
- 26:51Speaker 6: And it's horrible that It took what it did.
- 26:56Speaker 1: Here's what happened. I mean, would you not agree this
- 26:59Speaker 1: was going on? We're never going to get the money back.
- 27:02Speaker 1: It was going on in Minnesota. The only way this
- 27:04Speaker 1: came to light was because of this young Nick Shirley
- 27:07Speaker 1: who brought it to light in Minnesota, and then it
- 27:09Speaker 1: started to come to light in Ohio. If it wasn't
- 27:12Speaker 1: for him and that old guy that was really his
- 27:14Speaker 1: research guy, I don't know that we would even be
- 27:17Speaker 1: aware of it in Ohio. But I'm glad we are
- 27:20Speaker 1: aware of it. But I sit back as a taxpayer saying,
- 27:22Speaker 1: where was the check and balance system when all of
- 27:24Speaker 1: this was going on? Once the money's stolen and gone,
- 27:27Speaker 1: it's stolen and gone. You're never going to get the
- 27:29Speaker 1: money back from the Somalian community. So will anybody go
- 27:33Speaker 1: to jail? I mean, I'll wait to see that. And
- 27:38Speaker 1: I'm glad to see that there's check and balances. You
- 27:41Speaker 1: say you've got a daycare, you say these kids are
- 27:42Speaker 1: showing up, well, now you've got to prove it. You
- 27:45Speaker 1: say you're taking care of some relative, well, now you've
- 27:49Speaker 1: got to prove it. And stop the fraud that's going on.
- 27:54Speaker 1: And I think all of this should be signed, it
- 27:56Speaker 1: should get underway immediately. Would you agree?
- 28:00Speaker 6: Yeah, and these were things, and it just shows that sometimes,
- 28:04Speaker 6: I hate to say it, but sometimes it takes a
- 28:06Speaker 6: crisis to actually move people into action. we have put
- 28:11Speaker 6: a lot of this in the previous year's budgets, vetoed,
- 28:15Speaker 6: weren't able to get enough votes to override vetoes, weren't
- 28:17Speaker 6: able to get enough public support behind us to motivate members.
- 28:21Speaker 6: And now, you know, these bills were put together in
- 28:25Speaker 6: about one month, signed by both chambers, passed, pushed.
- 28:31Speaker 1: I mean, they're moving at great speed, as they should
- 28:36Speaker 1: be moving. The constitutional amendment... Did it pass for voter
- 28:41Speaker 1: ID in Ohio?
- 28:43Speaker 4: Yes.
- 28:43Speaker 6: So, um, so, uh, that's SGR. And that is a
- 28:50Speaker 6: constitutional amendment that folks will see on their ballot this November.
- 28:55Speaker 6: And what this constitutional amendment says is that photo ID,
- 28:59Speaker 6: it's a floor, it's essentially a base level that puts
- 29:02Speaker 6: our current practice into law, into the constitution. As we're worried,
- 29:07Speaker 6: future inter-assemblies, future governors, future, Democratic Secretary of State, she
- 29:12Speaker 6: actually voted against this, the Democrat running for Secretary of State.
- 29:16Speaker 6: We're worried if they get into office, they'll then pull
- 29:20Speaker 6: back our photo ID requirements for voting.
- 29:23Speaker 1: So this will be on my ballot in November?
- 29:27Speaker 4: Yes.
- 29:28Speaker 1: All right, which basically says we keep the system we have.
- 29:31Speaker 1: When I show up at the church, I've got to
- 29:32Speaker 1: show my ID to vote, right?
- 29:34Speaker 6: Yes, photo ID in person, and then there's a huge question,
- 29:38Speaker 6: lots of conversations over mail-in ballots. And what type of ID,
- 29:43Speaker 6: photo ID, do you have to show with mail-in ballots?
- 29:47Speaker 6: So constitutional amendment is that floor. It's that guaranteed amount
- 29:53Speaker 6: of essentially validation of the photo. But we simultaneously passed
- 29:58Speaker 6: House Bill 472. And folks can look at any of
- 30:02Speaker 6: these house bills on our website and read them and
- 30:04Speaker 6: see summaries. And what House Bill 472 says is that
- 30:08Speaker 6: if you are doing mail-in balloting, you are requesting an
- 30:13Speaker 6: absentee ballot to be mailed to you, filling it out,
- 30:15Speaker 6: mailing it back in, there are now extra levels of
- 30:19Speaker 6: essentially protection you have to go through in order to
- 30:23Speaker 6: get that ballot in return.
- 30:24Speaker 2: Right.
- 30:26Speaker 6: And that will include... either having an actual copy of
- 30:30Speaker 6: your photo ID. So instead of you going, voting in person,
- 30:35Speaker 6: showing them your ID, you're actually making a copy, turning
- 30:38Speaker 6: it out, putting it into the envelope, sending it in
- 30:40Speaker 6: the board of elections to show this is the person,
- 30:43Speaker 6: this is who's submitting, or we're following a model from Kentucky.
- 30:48Speaker 6: She uses an online portal, similar to like the Bureau
- 30:52Speaker 6: of Motor Vehicles, but their secretary of state's office. That's
- 30:56Speaker 6: how you can request your absentee ballot instead. If you
- 30:58Speaker 6: don't want to do it through the mail, you request
- 31:00Speaker 6: it that way. They'll mail it to you. But you
- 31:02Speaker 6: can actually upload your driver's license as a way to show,
- 31:06Speaker 6: I am who I say I am. Here's my ID.
- 31:09Speaker 6: Here's my Social Security number. Here's my details. Send me
- 31:12Speaker 6: my absentee mail-in ballot.
- 31:13Speaker 1: Well, I'll be voting for that in November because I
- 31:17Speaker 1: think how we do elections in Ohio is the right way,
- 31:19Speaker 1: unlike California where they mail everybody a ballot. They just
- 31:22Speaker 1: mail it out, like I say a million times. How
- 31:25Speaker 1: do they know that you're not dead? How do they
- 31:27Speaker 1: know that you haven't moved? Who's voting that ballot? It's
- 31:31Speaker 1: ripe for fraud. I mean, how do you get 25,000
- 31:34Speaker 1: ballots returned? And what's interesting is the 25,000 ballots that
- 31:38Speaker 1: are returned, not a single one voted for the Republican.
- 31:41Speaker 1: and all of them voted to increase the state sales
- 31:43Speaker 1: tax to 10%. How does that happen? I mean, who says,
- 31:49Speaker 1: give me this ballot, I'm going to vote for these
- 31:53Speaker 1: incompetent Democrats that don't do anything right, 25,000, and also
- 31:58Speaker 1: they all vote to raise the state sales tax to 10%
- 32:02Speaker 1: in California. So, I mean, it's ridiculous. It's just so fraudulent.
- 32:10Speaker 1: And to see Kristen Welker on Meet the Press tell Trump,
- 32:14Speaker 1: what makes you think, what proof do you have? My
- 32:17Speaker 1: commenter is, what proof do you have that things are
- 32:18Speaker 1: done legitimately? Mathematically, none of this stuff adds up. And
- 32:24Speaker 1: I'm glad to see we make the commitment in Ohio
- 32:27Speaker 1: to see that something like that doesn't happen if we
- 32:30Speaker 1: get Democrats in the future, because it makes a joke
- 32:33Speaker 1: of your it takes all confidence you have out of
- 32:36Speaker 1: your out of the power of your of your vote.
- 32:40Speaker 1: I don't want to see the fraud in Ohio like
- 32:44Speaker 1: I see in other states. So I think that's one
- 32:47Speaker 1: of the most important issues you could have on our
- 32:49Speaker 1: November ballots. And I'm glad to see you lowered the
- 32:53Speaker 1: state income tax, and yet it generated more revenue. And
- 32:56Speaker 1: I'm glad to see that the additional revenue will go
- 32:58Speaker 1: to benefit seniors on homestead exemptions. And it will go
- 33:03Speaker 1: to benefit the tax holiday in 2027. I'm glad to
- 33:05Speaker 1: see that. And what else? I mean, you're working on
- 33:11Speaker 1: data centers, right?
- 33:13Speaker 4: Yes.
- 33:13Speaker 6: So that was going to be the last kind of
- 33:15Speaker 6: large bill. We, like I said, had a lot of
- 33:17Speaker 6: other bills that folks will care about. You can see
- 33:20Speaker 6: that on our website, what we passed. A data center
- 33:23Speaker 6: bill was supposed to be passed last night that added
- 33:26Speaker 6: a whole bunch of extra regulations. That could not get
- 33:31Speaker 6: the votes.
- 33:32Speaker 4: Why not?
- 33:32Speaker 6: Not because of what you might think. So they've had
- 33:37Speaker 6: a select committee. to kind of dive into data centers, energy, water,
- 33:43Speaker 6: tax side, all the different pieces, bring them all together.
- 33:47Speaker 6: The compromise kind of bill was what was produced from
- 33:49Speaker 6: that select committee. A lot of it is very good.
- 33:53Speaker 6: It actually includes my House Bill 706, which prevents the
- 33:57Speaker 6: cost shifting on electricity when a data center comes in.
- 34:03Speaker 6: The problem was the tax side. So the compromise that
- 34:08Speaker 6: they had come up with was not removing the sales
- 34:12Speaker 6: tax exemption.
- 34:13Speaker 1: Stand by. Okay, stand by. Now I'm starting to boil here.
- 34:16Speaker 1: You've got to hear this part. Stand by. Dave Thomas,
- 34:19Speaker 1: state rep. I'm back with him in a minute.
- 34:22Speaker 9: All right, this.
- 34:26Speaker 1: Is going to start to fry in you folks. So
- 34:29Speaker 1: this is the data center bill. And you're telling me,
- 34:34Speaker 1: Just tell me the side here about, as I said
- 34:38Speaker 1: a million times, we're the sweet spot. We don't have
- 34:40Speaker 1: to give them any tax breaks. DeWine folks gave data
- 34:43Speaker 1: centers this sales tax break. They don't have to pay
- 34:46Speaker 1: sales tax on anything they buy to build these giant centers.
- 34:49Speaker 1: You have to if you're going to add on to
- 34:51Speaker 1: your garage, but these data centers don't have to do that.
- 34:55Speaker 1: When that information came out, the state lost over a
- 34:57Speaker 1: billion dollars because of that decision of his. He put
- 35:00Speaker 1: a hold on it as a result of the outcry
- 35:04Speaker 1: because we were informed about it. And you're telling me
- 35:07Speaker 1: in this new bill you can't prohibit this permanently? Give
- 35:11Speaker 1: me the details here.
- 35:14Speaker 6: Yeah, so if you remember in the budget last year,
- 35:16Speaker 6: we removed the exemption, we vetoed it, and then what happens,
- 35:19Speaker 6: like you just said, so this select committee, dive into
- 35:23Speaker 6: data centers, their kind of compromise recommendation that we were
- 35:27Speaker 6: going to vote on yesterday, there's a whole bunch of
- 35:30Speaker 6: good things, but on the sales tax side, It changed
- 35:33Speaker 6: the exemption from the potential of 100%, which is what
- 35:36Speaker 6: is current, down to then 50% if data centers locate
- 35:42Speaker 6: on essentially brownfields, if they have closed-loop water, if they
- 35:47Speaker 6: bring their own electric power, and if they're larger than
- 35:51Speaker 6: 25 megawatts, if I remember correctly. So that was essentially
- 35:56Speaker 6: that select committee's compromise. That was the bill that we
- 35:58Speaker 6: were all discussing. But I give a lot of kudos
- 36:02Speaker 6: to Tex Fisher. He was one of the ones as
- 36:05Speaker 6: well that has been pushing back on granting these exemptions
- 36:09Speaker 6: and still having them in law.
- 36:11Speaker 12: Right.
- 36:11Speaker 6: They couldn't come to an agreement over what could be done.
- 36:16Speaker 6: So that bill, which there's good and bad because the
- 36:19Speaker 6: rest of the bill was exactly what we needed.
- 36:22Speaker 4: All right.
- 36:22Speaker 1: Now, hang on a second. Just let me do my
- 36:25Speaker 1: break and just bear with me a little bit after
- 36:26Speaker 1: 4 o'clock. I want you to explain this, what the
- 36:29Speaker 1: good and the bad was of this, then I'll let
- 36:31Speaker 1: you go, okay? Stand by. State Rep. Dave Thomas, back
- 36:34Speaker 1: with him in a minute. Stay tuned.
- 36:40Speaker 13: From ABC News, I'm Michelle Franzen. At the White House,
- 36:43Speaker 13: President Trump signaling a peace agreement with Iran is close.
- 36:47Speaker 2: We have a signing soon, and the documents are in
- 36:53Speaker 2: pretty final shape, so we'll see.
- 36:56Speaker 13: A source with knowledge of the negotiations tells ABC News
- 36:59Speaker 13: the deal is very close as mediators hit some breakthroughs.
- 37:02Speaker 13: The president now backing away from new strikes against Iran.
- 37:06Speaker 13: ABC's Stephen Portnoy has details.
- 37:08Speaker 14: What we heard the president say is that he has
- 37:10Speaker 14: just spoken to the prime minister of Israel, the heads
- 37:12Speaker 14: of Qatar, the UAE, Saudi Arabia, Kuwait, will soon be
- 37:15Speaker 14: talking to Turkey. He said the Strait of Hormuz will
- 37:18Speaker 14: be open. He mentioned that the U.S. has been engaged
- 37:20Speaker 14: in uh... what had been secret missions to take ships
- 37:24Speaker 14: oil tankers out of the state of hormuz transiting them
- 37:26Speaker 14: through to the global market place.
- 37:28Speaker 13: Just hours after five extension measures failed in both the
- 37:31Speaker 13: house and senate over bill polti's role as acting d
- 37:35Speaker 13: and i director President Trump announced the nomination of U.S.
- 37:38Speaker 13: Attorney and former SEC Chair Jay Clayton to lead the agency.
- 37:42Speaker 13: ABC's Catherine Falders has more on Clayton's experience.
- 37:45Speaker 15: While he is a highly respected lawyer, he sits at
- 37:49Speaker 15: the top of one of the most largest and arguably
- 37:54Speaker 15: one of the most important U.S.
- 37:55Speaker 16: Attorney's offices in the country. The question is, does he
- 37:58Speaker 16: really have that.
- 37:59Speaker 15: Much more national security experience than Bill Pulte, the previous
- 38:03Speaker 15: person who Trump said was going to serve as acting, does?
- 38:06Speaker 13: Celebrations in New York City over the New York Knicks.
- 38:09Speaker 13: Last-minute Game 4 win last night against the San Antonio Spurs,
- 38:12Speaker 13: leading police to arrest more than 50 people. Outside Madison
- 38:16Speaker 13: Square Garden, New York police say due to rowdy fans
- 38:19Speaker 13: and picking fights and climbing poles, authorities say 10 officers
- 38:22Speaker 13: were injured. And in Mexico, protests ahead of the World
- 38:26Speaker 13: Cup's first match in Mexico City. Demonstrators using the high-profile
- 38:30Speaker 13: event to bring light to other causes, including missing individuals.
- 38:34Speaker 13: Mexico now co-hosting the World Cup with Canada and the U.S.
- 38:37Speaker 13: You're listening to ABC News.
- 38:38Speaker 1: All right, back to it. I want you guys, if
- 38:42Speaker 1: you join me just now, to listen to this.
- 38:45Speaker 4: State Rep.
- 38:45Speaker 1: Dave Thomas is on the end of my line, and
- 38:47Speaker 1: I'm going to dial back just a little bit because
- 38:49Speaker 1: I want everybody to understand this. Now, this is a
- 38:52Speaker 1: bill on data centers in the state of Ohio, which
- 38:57Speaker 1: hasn't moved yet. And you said to me the votes
- 39:02Speaker 1: weren't there. It's got good points and bad points. Now,
- 39:05Speaker 1: I just want you to take it from the top.
- 39:07Speaker 1: This is a bill on data centers in Ohio. Here's
- 39:11Speaker 1: the positive side. Tell people what the positive side is
- 39:15Speaker 1: of this bill.
- 39:18Speaker 4: Yes.
- 39:18Speaker 6: So this bill... is from a select committee. It's House
- 39:23Speaker 6: Bill 646, currently in the Senate. The positives of this,
- 39:27Speaker 6: it really restricts all of the electrical issues and the
- 39:33Speaker 6: electricity payment side that we've all been facing because of
- 39:37Speaker 6: much higher demand on the grid from data centers.
- 39:41Speaker 1: And how does it do that?
- 39:43Speaker 6: So it says that you cannot have a cost shift.
- 39:47Speaker 6: So when a data center comes in, they have to
- 39:49Speaker 6: build new transmission platforms new distribution of energy, there's a
- 39:52Speaker 6: cost shift there because the utility is paying for it,
- 39:55Speaker 6: and we're all essentially subsidizing. And there's another cost shift
- 40:00Speaker 6: when the medicine pulls from the grid. It's pulling from
- 40:04Speaker 6: the same kind of market as all of us in
- 40:08Speaker 6: terms of how much electrons are costing. Raising the price. Yep, exactly.
- 40:15Speaker 1: All right, so what do you do? What does this
- 40:19Speaker 1: bill do about any of those?
- 40:21Speaker 6: So it essentially says there's a separate new rate, a
- 40:26Speaker 6: data center rate class. So they have their own kind
- 40:29Speaker 6: of cost, their own auction, their own demand side. And
- 40:34Speaker 6: any of those costs that are associated with a new
- 40:37Speaker 6: data center, for example, must then be actually paid for
- 40:40Speaker 6: by that data center.
- 40:42Speaker 1: And not spread to other electric users.
- 40:46Speaker 17: Correct.
- 40:46Speaker 1: Exactly. But it doesn't force them to create their own
- 40:50Speaker 1: energy system?
- 40:52Speaker 6: So it does not force. That's where the incentive comes
- 40:55Speaker 6: in with the sales tax exemption. So they can do
- 41:01Speaker 6: that now with House Bill 15 that we passed last year.
- 41:04Speaker 6: Data centers can build their own power plant, their own
- 41:08Speaker 6: energy generation on site. Nothing incentivizes that except for they've
- 41:14Speaker 6: fastened up permits in the permitting time. So if they
- 41:18Speaker 6: want to build their own power and they do so,
- 41:22Speaker 6: It's a lot faster for them. But other than that,
- 41:25Speaker 6: there's no kind of requirement mandate incentive. Part of this bill,
- 41:29Speaker 6: that sales tax exemption piece, would be tied to them
- 41:33Speaker 6: bringing their own power behind the meter at that location.
- 41:37Speaker 1: That would be a 50% exemption on the state sales tax, correct?
- 41:41Speaker 6: So that would be up to, correct.
- 41:43Speaker 1: All right. So if they create their own energy-producing supply system,
- 41:51Speaker 1: And you're saying if they don't do that, they have
- 41:54Speaker 1: to bear the cost of being of any additional cost
- 41:59Speaker 1: on the grid. Is that correct?
- 42:03Speaker 11: Correct.
- 42:04Speaker 4: All right.
- 42:04Speaker 1: But I don't understand. If they don't have their own
- 42:07Speaker 1: energy producing aspect and they go on the grid, they're
- 42:12Speaker 1: going to need so much power from the grid that
- 42:16Speaker 1: that it will still increase everybody's prices because the demands
- 42:19Speaker 1: will still go up because they're going to need so
- 42:22Speaker 1: much of that electricity. I mean, I don't understand how
- 42:24Speaker 1: they could be on the grid and not cost shift
- 42:27Speaker 1: to me or raise my rate.
- 42:30Speaker 6: So there's auctions for demand that happen several times a year.
- 42:36Speaker 6: There's different kind of groups or classes, so residential, commercial, manufacturing,
- 42:42Speaker 6: or industrial auctions. And each one of those classes has
- 42:45Speaker 6: a certain part of the total amount of electrons that
- 42:49Speaker 6: are on the grid. And when they go out for
- 42:52Speaker 6: the auction, they'll auction for how much they think would
- 42:54Speaker 6: be needed. And that's part of that supply and demand piece.
- 42:58Speaker 6: Because the data centers are part of essentially all of
- 43:01Speaker 6: our current kind of demand, even though with them being
- 43:05Speaker 6: on there, the total demand for the grid is still impacted,
- 43:09Speaker 6: there's enough of a cushion or wiggle room with how
- 43:14Speaker 6: many electrons are actually on the grid, that they can
- 43:16Speaker 6: still be added with there being essentially extra. So it's
- 43:20Speaker 6: kind of like adding a new lane onto the highway.
- 43:23Speaker 1: Got you. A separate category for them.
- 43:26Speaker 4: Correct.
- 43:27Speaker 1: Yes. All right. So basically they're not bidding against a
- 43:32Speaker 1: guy on the residential side. Correct?
- 43:36Speaker 4: Yep.
- 43:36Speaker 11: Exactly.
- 43:39Speaker 1: So it doesn't seem like this is that bad of
- 43:42Speaker 1: a bill then.
- 43:44Speaker 6: I think, yes, because there's other aspects to it. It prevents,
- 43:50Speaker 6: write down NDAs, nondisclosure agreements are a big concern with folks.
- 43:55Speaker 1: I see they got that in Hubbard. It's a public's business.
- 43:58Speaker 1: There shouldn't be nondisclosure agreements. It's ridiculous.
- 44:01Speaker 6: Yeah, if you sign one, and if it's actually part
- 44:05Speaker 6: of that other bill that I mentioned, 647, if you
- 44:08Speaker 6: sign an NDA as a public official, it's still a
- 44:10Speaker 6: records requestable document.
- 44:12Speaker 1: You should not sign a nondisclosure agreement as a public official.
- 44:16Speaker 1: This is the public's business. They should totally be banned.
- 44:19Speaker 4: Totally. Yeah.
- 44:21Speaker 6: And the other positive thing, in terms of the tax side,
- 44:25Speaker 6: this does also limit so local governments cannot grant more
- 44:28Speaker 6: than a 50% exemption.
- 44:31Speaker 1: On what? On property. Oh, any local government.
- 44:36Speaker 6: Or on income.
- 44:38Speaker 1: On property or what?
- 44:40Speaker 6: Or income tax.
- 44:42Speaker 1: Yeah, there shouldn't be any exemption at all. I mean,
- 44:44Speaker 1: there shouldn't be any at all. Once again, I'm dead
- 44:48Speaker 1: set against all of that. What did you say? Where
- 44:51Speaker 1: was Tex Fisher on this?
- 44:53Speaker 6: So Tex is one of the ones that has led
- 44:56Speaker 6: against having these exemptions and these tax carve-outs for the
- 45:00Speaker 6: data centers. So he's been very strong at advocating against
- 45:06Speaker 6: having any exemptions in the bill. um, or for data centers. He's,
- 45:11Speaker 6: he's been leading the way.
- 45:13Speaker 1: Well, I saw, I salute him on that, but can
- 45:17Speaker 1: there be one, you know, I salute him on that,
- 45:19Speaker 1: but I mean, you're saying on the one on the 50%
- 45:21Speaker 1: sales tax exemption, if you want to exercise that, you
- 45:24Speaker 1: got to build your own power producing facility and you'll be,
- 45:28Speaker 1: you won't be affecting our grid at all. Is that accurate?
- 45:33Speaker 4: Yes.
- 45:34Speaker 6: Now that's the current, um, that's the current framework of
- 45:38Speaker 6: the bill. Um, But there still are ways that you
- 45:42Speaker 6: can essentially require or incentivize senators to have their own power.
- 45:48Speaker 1: Without giving them the break, right?
- 45:49Speaker 4: Yeah.
- 45:50Speaker 12: Correct.
- 45:50Speaker 1: Well, I'm with Tex Fisher in a sense of I
- 45:53Speaker 1: don't think they should get any tax breaks. I am
- 45:56Speaker 1: so sick and damn tired of all these places getting
- 45:59Speaker 1: tax breaks. And at the same time, the property owner,
- 46:03Speaker 1: the homeowner, gets crapped on on a regular basis. I mean,
- 46:07Speaker 1: if I get it off my chest, I'm tired of
- 46:10Speaker 1: everyone gets a break except the citizen homeowner who doesn't
- 46:15Speaker 1: get a break. I'm against giving any data center a
- 46:18Speaker 1: property tax break. I'm against giving them a sales tax break.
- 46:23Speaker 1: And I'm against any of that. Listen, I'm not against
- 46:26Speaker 1: data centers. That's fine. And I also say we have
- 46:30Speaker 1: to do something as far as I don't want you
- 46:33Speaker 1: coming on my grid and passing a cost on to me.
- 46:36Speaker 1: So you can do that through legislation, correct? I mean,
- 46:39Speaker 1: we can fix that.
- 46:40Speaker 11: Yes.
- 46:41Speaker 1: So are you anticipating what you just described to me?
- 46:44Speaker 1: Is there going to be a different bill, Len?
- 46:48Speaker 6: That's a great question because we need to pass for
- 46:51Speaker 6: the three-fourths of this bill. It's really good. We need
- 46:53Speaker 6: to pass that. I'm not sure the timing of how
- 46:57Speaker 6: that's going to work. We were supposed to be on
- 46:59Speaker 6: recess following last night.
- 47:02Speaker 1: Right, enough of these recesses. I mean, with that being said, then,
- 47:06Speaker 1: do you think this bill that you just told me
- 47:08Speaker 1: about will pass?
- 47:10Speaker 6: Not as currently written. I don't believe we have the
- 47:12Speaker 6: votes for that.
- 47:15Speaker 1: From Republicans and Democrats, you don't have enough to pass it?
- 47:20Speaker 4: Correct.
- 47:21Speaker 6: We would never pass a bill without the Republicans. But
- 47:27Speaker 6: Democrats also... um i think i share with you they're
- 47:31Speaker 6: they're very still behind giving the exemptions given the tax
- 47:34Speaker 6: breaks i.
- 47:36Speaker 1: Don't understand that that you the the democrats want to
- 47:39Speaker 1: give i thought you know they they just hate business
- 47:42Speaker 1: but they're willing to give them all these tax breaks
- 47:44Speaker 1: at the same time they just want to increase taxes
- 47:47Speaker 1: on a citizen i mean i don't understand i don't
- 47:49Speaker 1: understand how For example, I'm sitting here with Mahoning County
- 47:54Speaker 1: commissioners and Trumbull County commissioners that have the ability to
- 47:58Speaker 1: give people a slight bit of their property tax increase
- 48:01Speaker 1: back to them. They have the power to give it back.
- 48:05Speaker 1: I'm sitting here with commissioners that can double the homestead
- 48:07Speaker 1: exemption right now and can double the owner occupancy right
- 48:12Speaker 1: now so people get a small part of that increase
- 48:15Speaker 1: back to them, and they refuse to do that. Mahoning
- 48:19Speaker 1: and Trumbull County say refuse to do that. But we're
- 48:23Speaker 1: talking about giving all these breaks to a data center,
- 48:26Speaker 1: which is owned by some of the wealthiest companies out there.
- 48:30Speaker 1: How does that make a lick of damn sense?
- 48:34Speaker 6: And that's exactly why, you know, those tech clients say,
- 48:37Speaker 6: we can't justify this to our people. You just can't
- 48:41Speaker 6: justify that. That's why the lack of support. And I
- 48:46Speaker 6: think there'll be a new version, hopefully, or some type
- 48:49Speaker 6: of alteration because you just can't i've been saying i
- 48:54Speaker 6: can't look at someone who's building a house and say
- 48:57Speaker 6: i expect you to pay your full amount of sales
- 48:59Speaker 6: tax to us but yes your amazons your googles you
- 49:03Speaker 6: know no you.
- 49:04Speaker 1: Can you could have a break yeah you're you're filthy
- 49:07Speaker 1: stinking rich as a company but you can pay a
- 49:10Speaker 1: 50 sales tax but the average citizen pays a sales
- 49:13Speaker 1: tax on everything this is insanity this is what i
- 49:17Speaker 1: mean this is what's wrong i agree with Tex Fisher.
- 49:19Speaker 1: I agree with you on that. It's simply wrong. And
- 49:24Speaker 1: I'm against any property tax abatements to any data center.
- 49:27Speaker 1: As a matter of fact, I'm at the point where
- 49:29Speaker 1: I'm against any property tax abatements to any business. I mean,
- 49:35Speaker 1: it's not fair to the citizens that are carrying the load.
- 49:39Speaker 1: We are being smothered by property taxes, and these communities
- 49:43Speaker 1: should think long and hard about buckling under to give
- 49:47Speaker 1: these property tax breaks to any business at this point
- 49:52Speaker 1: in time. I'm for having the business come in, shifting
- 49:56Speaker 1: the property tax burden to the business, and easing it
- 49:59Speaker 1: on the citizen. How's that sound?
- 50:03Speaker 6: I always tell folks, new development coming in shouldn't raise
- 50:07Speaker 6: other people's bills, but actually should lower them.
- 50:09Speaker 1: Absolutely.
- 50:10Speaker 6: Contribute more to the community. Otherwise, you've seen the meetings.
- 50:13Speaker 6: You've seen, we actually, just as an example, Trumbull County
- 50:18Speaker 6: has the most number of banned data center communities in
- 50:21Speaker 6: the state. And I tell folks there's a reason for that.
- 50:25Speaker 6: It's because they're not seeing the benefit of these when
- 50:28Speaker 6: they come in. helping to lower bills, they instead see
- 50:31Speaker 6: them raising. And that could be for housing developments, that
- 50:34Speaker 6: could be for whatever type of development you'd like, but
- 50:37Speaker 6: this is just one example of that.
- 50:41Speaker 1: You cannot go on like this. It's creating such a
- 50:44Speaker 1: double standard and putting it on the back of the
- 50:47Speaker 1: property owner that the officials in your community that allow
- 50:52Speaker 1: this to happen, the answer should simply be no. It
- 50:55Speaker 1: should simply be no. If you want to locate here,
- 50:57Speaker 1: you've got to pay what everybody else pays to be here.
- 51:00Speaker 1: Particularly if you're an industry, let's say there's an industry
- 51:04Speaker 1: already in your community and you want to have an
- 51:07Speaker 1: industry come in that's doing the same thing. It gives
- 51:10Speaker 1: them a competitive advantage because they're not paying property taxes
- 51:13Speaker 1: versus the one that's been there forever that's contributing to
- 51:16Speaker 1: the community. It's not fair in the first place. But,
- 51:21Speaker 1: I mean, it's just, again, if you put a data
- 51:23Speaker 1: center in, you guys pay your property taxes. That lowers
- 51:26Speaker 1: the burden on the homeowner, and that's what you should
- 51:30Speaker 1: strive for. That's what you want, right? That's what Dex
- 51:33Speaker 1: Fisher wants? Exactly.
- 51:35Speaker 6: And we have seen examples. There are some in southern
- 51:38Speaker 6: Ohio where data centers have come in, and they've actually
- 51:41Speaker 6: paid off the rest of a school bond, for example,
- 51:44Speaker 6: or they've bought a fire station instead of the local
- 51:47Speaker 6: community paying taxes. and having a bond and a levy
- 51:50Speaker 6: for the fire station. So there's actually good examples of
- 51:54Speaker 6: these coming in, paying their taxes, and then also trying
- 51:57Speaker 6: to show, hey, we're going to help lower your costs.
- 52:01Speaker 6: We know you don't want us here, but you can
- 52:03Speaker 6: be good neighbors here is an example.
- 52:08Speaker 2: All right.
- 52:09Speaker 1: I mean, it's all interesting. I hope this gets worked
- 52:15Speaker 1: out in the direction that you want to take it
- 52:17Speaker 1: and Tex Fisher wants to take it. But you're not
- 52:22Speaker 1: optimistic on that.
- 52:26Speaker 6: I would like to be more optimistic.
- 52:28Speaker 1: But you're not.
- 52:28Speaker 2: I'm not sure.
- 52:29Speaker 4: No.
- 52:30Speaker 1: Well, hold your ground. Hold your ground. And I know
- 52:34Speaker 1: what you're going to tell me. Well, three quarters of
- 52:36Speaker 1: a sandwich is better than nothing. I get it. But
- 52:39Speaker 1: I'm just against the shakedown here. I'll say it again.
- 52:44Speaker 1: These data centers want to locate in Ohio because we
- 52:46Speaker 1: got the grid. We have the transmission lines. We have
- 52:51Speaker 1: the right weather. We're the sweet spots. We don't have
- 52:53Speaker 1: to do anything other than say where you want to
- 52:57Speaker 1: build and they will build. It's as simple as that.
- 53:00Speaker 1: And we should reap the benefits. The local communities in
- 53:03Speaker 1: the state should reap the benefits from them. period, for
- 53:06Speaker 1: however long they're going to be there. Give me an aye-aye, Captain,
- 53:10Speaker 1: on that, Dave.
- 53:11Speaker 4: Aye-aye, Captain.
- 53:12Speaker 6: Totally agree.
- 53:12Speaker 12: All right.
- 53:14Speaker 1: Thank you, Dave Thomas.
- 53:16Speaker 6: Thank you. Have a good day.
- 53:16Speaker 4: All right.
- 53:17Speaker 1: That's State Rep Dave Thomas, NewsRadio 570 WKBN. Hardest working
- 53:21Speaker 1: State Rep.
- 53:21Speaker 11: 4-9.
- 53:23Speaker 9: Youngstown's News, Weather, and Talk Station, 570 WKBN.
- 53:29Speaker 1: I tell you, it is just, these are interesting times, folks.
- 53:32Speaker 1: 425 in the afternoon, Ron Verb, Kingdom of Mahoning, NewsRadio
- 53:36Speaker 1: 570 WQN. I mean, at some point, you've got to
- 53:38Speaker 1: stand up to some of this stuff. And I don't
- 53:41Speaker 1: care if it's your local trustees. I don't care if
- 53:43Speaker 1: it's your local, whatever community organization you have, if you
- 53:48Speaker 1: have a mayor, whatever situation it might have. I mean,
- 53:52Speaker 1: this whole idea of tax abatements has just got to stop.
- 53:56Speaker 1: I mean, we are creating a two-tier system where, okay,
- 54:02Speaker 1: so we're going to give business some 10-year abatements, and
- 54:06Speaker 1: we don't do anything for the homeowners. It just puts
- 54:08Speaker 1: the entire burden on Joe Bag of Donuts, Joni Pepperoni,
- 54:13Speaker 1: the homeowner, as far as paying their property taxes. They
- 54:16Speaker 1: don't get a decent break at all. And when there's
- 54:21Speaker 1: the opportunity to give them a break from your local commissioners,
- 54:24Speaker 1: they refuse to do it. Don't ask me to explain why.
- 54:30Speaker 1: They just refuse to do it. It doesn't make a
- 54:32Speaker 1: damn lick of sense to me at all. But yet
- 54:35Speaker 1: when it comes to giving tax breaks to some business
- 54:38Speaker 1: that's going to locate somewhere, they'll go along with it.
- 54:43Speaker 1: It's just wrong. You either want to be here or
- 54:46Speaker 1: you don't want to be here. Data centers will come
- 54:49Speaker 1: here because it is a sweet spot weather-wise, transmission line-wise.
- 54:53Speaker 1: You don't need to give them a sales tax break.
- 54:54Speaker 1: You don't need to give them a property tax break.
- 54:57Speaker 1: What you need to do is say you build here,
- 54:58Speaker 1: then a levy generates is only allowed to generate so
- 55:01Speaker 1: much money on outside millage. They build here, they get
- 55:04Speaker 1: cited for their property tax, and then it lowers the
- 55:07Speaker 1: burden on each homeowner because you're now paying less because
- 55:11Speaker 1: these giant facilities will get a property tax bill that
- 55:13Speaker 1: pays a bigger percentage of that because of their size,
- 55:18Speaker 1: and it will ease your burden. I mean, I realize
- 55:20Speaker 1: a lot of people don't understand property taxes. I get that.
- 55:24Speaker 1: But it's time to wise up and start understanding them.
- 55:26Speaker 1: It's time for all of you that have a mortgage
- 55:29Speaker 1: payment that have no clue what you're paying a month
- 55:32Speaker 1: in property taxes. Really go to the auditor's website and
- 55:35Speaker 1: find out what your property tax bill is. Stop being ignorant.
- 55:39Speaker 1: If you're paying it through your mortgage, find out what
- 55:41Speaker 1: you're paying a month right now. in property taxes, because
- 55:45Speaker 1: I'm here to tell you it will only go up
- 55:47Speaker 1: as time goes on. I'm trying to get it to
- 55:49Speaker 1: go down for you. I get all these mails from
- 55:52Speaker 1: people that say, you know, I never really paid much
- 55:54Speaker 1: attention to what you were saying. Then I paid my
- 55:56Speaker 1: house off, and boy, now I understand everything what you
- 55:58Speaker 1: were saying. Well, why don't you pay attention before that happens?
- 56:03Speaker 1: So I'm just against any of these abatements that I
- 56:09Speaker 1: see taking place. I'm totally against them. It's not fair
- 56:15Speaker 1: to the citizen that is paying the property taxes that
- 56:19Speaker 1: is constantly being asked to make more sacrifices and more
- 56:22Speaker 1: of their money. And as I said to you a
- 56:25Speaker 1: million times, right now your commissioners in Moaning and Trumbull
- 56:28Speaker 1: County have the ability to double a homestead exemption for
- 56:31Speaker 1: poor senior citizens, double the owner occupancy, and they refuse
- 56:36Speaker 1: to do it. Everybody else is more important than to
- 56:39Speaker 1: give the person that's footing this large bill a slight break.
- 56:43Speaker 1: That tells you where their priorities are because it just
- 56:46Speaker 1: tells you. And when it comes to owning county commissioners,
- 56:48Speaker 1: they don't view it as your business and your money.
- 56:52Speaker 1: I don't know what their philosophy is. We're going to
- 56:55Speaker 1: build this new government center. We're going to buy Eastern Gateway,
- 56:58Speaker 1: tear it down, build a new one. You get stuck
- 57:00Speaker 1: with the bonds, but you don't get a say-so on it.
- 57:03Speaker 1: It's insane.
- 57:05Speaker 9: News Radio 570 WKVN. All right.
- 57:09Speaker 1: Thanks for tuning in.
- 57:09Speaker 14: 436.
- 57:09Speaker 1: We're on verb on a Thursday with you to the
- 57:13Speaker 1: legal show at 5. Brought to you by Beatrice Kopp.
- 57:15Speaker 1: John Earl and Money Talks tonight at 6. You're on
- 57:18Speaker 1: the air. Thank you for waiting.
- 57:20Speaker 18: Oh, you're welcome.
- 57:21Speaker 3: Thank you for taking my call. First time caller.
- 57:24Speaker 4: Okay.
- 57:25Speaker 1: You sound a lot like JJ, the liberal first time caller.
- 57:29Speaker 3: I get that all the time. I went down to fair,
- 57:33Speaker 3: a dollar general, get some personal voice from my art.
- 57:35Speaker 3: Some lady came up to me and said, you call
- 57:37Speaker 3: one verb show. And I said, yeah. And she goes,
- 57:39Speaker 3: I knew I heard your voice and it was a
- 57:41Speaker 3: lizard or something. I said, why don't you call in?
- 57:43Speaker 3: And I, she said, I'm too shy to do that.
- 57:45Speaker 3: I said, I thought I was stupid.
- 57:47Speaker 8: Call it in.
- 57:48Speaker 3: You know, But she was really nice. But anyway, I
- 57:51Speaker 3: wanted to let you know, I'm going to ask you,
- 57:52Speaker 3: I'm going to make you a bet.
- 57:54Speaker 4: Yes.
- 57:54Speaker 3: I will bet you a gallon of Milo's iced tea
- 57:57Speaker 3: to a Reese's peanut butter. I like those peanut butter
- 58:01Speaker 3: sticks at Reese's, like Reese's has.
- 58:04Speaker 1: Yes.
- 58:05Speaker 3: I'll bet you that, gentlemen's bet, that Trump doesn't sign
- 58:11Speaker 3: anything within the next five days.
- 58:13Speaker 2: How does that sound?
- 58:15Speaker 1: He said he.
- 58:16Speaker 3: Was going to bomb him, and then he said, no,
- 58:18Speaker 3: he's not going to bomb him. And now it's another,
- 58:20Speaker 3: then he says, well, we'll see. So I think this is, what,
- 58:23Speaker 3: 39 times now?
- 58:24Speaker 2: So I'm kind of wondering how many more.
- 58:26Speaker 3: Times are we going to do it? Are we going
- 58:27Speaker 3: to get kicked in the gonads, as they say, and
- 58:30Speaker 3: we're going to wise up to his... This is all,
- 58:33Speaker 3: you know, I have to..
- 58:35Speaker 1: Well, here it is.
- 58:36Speaker 3: I have a feeling there's a scam going on here.
- 58:39Speaker 1: Trump cancels Iran strike scheduled for Thursday evening. Dow jumps
- 58:43Speaker 1: 700 points. Oil tumbles as Trump cancels evening strikes again.
- 58:47Speaker 1: So the Dow went up and oil went down because
- 58:50Speaker 1: he's not going to do this bombing.
- 58:52Speaker 4: And I.
- 58:54Speaker 1: Guarantee you this. I bet you there's plenty of insiders.
- 58:57Speaker 1: that made a bunch of money in the market today
- 58:59Speaker 1: when he does this kind of crap. I mean, I
- 59:01Speaker 1: hate to tell you this, gang. I'm sure that there
- 59:03Speaker 1: are people that are privy of this information that make
- 59:08Speaker 1: a ton of money that would make your head spin
- 59:12Speaker 1: as a result of this. Now, this would be like
- 59:13Speaker 1: the 35th time or something like that that he has
- 59:17Speaker 1: said a deal is close, a deal is close. And
- 59:20Speaker 1: they're talking like it's basically just a matter of time. Yeah,
- 59:26Speaker 1: they're talking like it's a done deal. And you're saying
- 59:29Speaker 1: it's you're not buying into it.
- 59:32Speaker 3: No, I think I'm going to, I think I'm not
- 59:33Speaker 3: going to, I think I'm going to take behind curtain
- 59:36Speaker 3: number two. I'm not going to, I'm not going to go.
- 59:38Speaker 4: With this one.
- 59:39Speaker 3: I think I'll, I'll take curtain number two, see what
- 59:42Speaker 3: behind curtain number two, because I know curtain one is
- 59:44Speaker 3: not a shiny ideal. I know that's not a piece
- 59:47Speaker 3: of dough in there. And three, I don't like the
- 59:50Speaker 3: number three. So I think I'll take the middle number two,
- 59:52Speaker 3: take the, uh, And we'll see what Bob Barker says.
- 59:56Speaker 1: Okay, so wait a minute.
- 59:59Speaker 3: I'll be in honor. I'll honor my word. If he passes,
- 1:00:01Speaker 3: he signs something, I'll get you as much Milo's iced tea.
- 1:00:04Speaker 3: I love Milo's myself. I'll get you as much Milo's
- 1:00:08Speaker 3: iced tea. It'll be coming out your earlobes, my friend.
- 1:00:11Speaker 1: It already is. Now, I'm just, wait a second. I'm
- 1:00:14Speaker 1: bringing this up for a second. Let me see here. Okay,
- 1:00:18Speaker 1: Trump says Iran deal near after second day of U.S.
- 1:00:21Speaker 1: strike and attacks. So let me see what he says here.
- 1:00:24Speaker 1: President Donald Trump said today that a deal to end
- 1:00:27Speaker 1: the conflict with Iran is nearly complete, adding that negotiators
- 1:00:32Speaker 1: are finalizing documents and could sign an agreement in Europe
- 1:00:36Speaker 1: within days. Speaking to reporters in the Oval Office, Trump
- 1:00:40Speaker 1: declared the negotiators had reached a breakthrough and suggested the
- 1:00:44Speaker 1: agreement was largely finished pending completion of final paperwork. We
- 1:00:48Speaker 1: just made a great settlement of the war with Iran,
- 1:00:51Speaker 1: Trump said. The documents are in pretty final shape. So
- 1:00:56Speaker 1: we'll see. It should be done pretty quickly. Trump said
- 1:01:03Speaker 1: the agreement would ensure Iran never obtains a nuclear weapon,
- 1:01:06Speaker 1: which he described as a central objective of the administration's
- 1:01:10Speaker 1: pressure campaign against Tehran. The president also said the Strait
- 1:01:14Speaker 1: of Hormuz would reopen once the agreement is signed, potentially
- 1:01:18Speaker 1: easing pressure on the global energy markets after weeks of
- 1:01:21Speaker 1: military tension and maritime disruptions in the region. Trump added
- 1:01:26Speaker 1: that J.D. Vance is expected to attend a signing ceremony,
- 1:01:29Speaker 1: which he said could take place in Europe as soon
- 1:01:32Speaker 1: as this weekend.
- 1:01:34Speaker 3: He better pack his tuxedo, because that's going to be
- 1:01:38Speaker 3: a party, so he better pack his tuxedo. And I
- 1:01:40Speaker 3: have a feeling he's not going to do that. Two
- 1:01:44Speaker 3: things I want to end with, because I know you're
- 1:01:46Speaker 3: running short on time. So that bet is in the works,
- 1:01:48Speaker 3: and I promise I'll fulfill my obligation. All I want
- 1:01:51Speaker 3: is a Reese's Sticks, which is about a little two bucks.
- 1:01:53Speaker 3: So we'll have a little gentleman's bet there, my friend.
- 1:01:57Speaker 3: And the other thing, too, is one, did I get
- 1:02:01Speaker 3: on the back side of a boss lady? I heard
- 1:02:03Speaker 3: that was one of the best.
- 1:02:04Speaker 1: I didn't, I didn't hear that. I didn't, I didn't, I.
- 1:02:08Speaker 3: Didn't hear that.
- 1:02:10Speaker 1: She was, she was, she was looking forward to, she was,
- 1:02:15Speaker 1: she was looking forward to meeting you at the four seasons.
- 1:02:19Speaker 1: And even was going to purchase a painting or two
- 1:02:23Speaker 1: off of you as well. So I think she was
- 1:02:24Speaker 1: disappointed that you weren't there.
- 1:02:25Speaker 3: That's what she's going to do.
- 1:02:27Speaker 19: I got it.
- 1:02:27Speaker 2: Yeah.
- 1:02:28Speaker 3: No, I mean, she had every right to. And I
- 1:02:31Speaker 3: understand her passion about that. And I give her, I'd
- 1:02:34Speaker 3: be willing to.
- 1:02:35Speaker 1: Hey, listen, J.J., the liberals already signed a petition to
- 1:02:39Speaker 1: make it a constitutional amendment. to be able to vote
- 1:02:42Speaker 1: on it for your property taxes. But, no, I think
- 1:02:45Speaker 1: she was looking forward to meeting you and taking a
- 1:02:47Speaker 1: picture of her and you together and then sending it
- 1:02:50Speaker 1: to me.
- 1:02:51Speaker 3: I just want to leave it on one more thing,
- 1:02:55Speaker 3: and I know you got my email the other day.
- 1:02:56Speaker 4: Yes.
- 1:02:56Speaker 3: I just want to bring your attention. There's somebody online
- 1:02:59Speaker 3: that keeps saying, on your show, that keeps saying that
- 1:03:02Speaker 3: the Muslims do not have to honor any kind of agreements.
- 1:03:05Speaker 2: If you look in the Koran..
- 1:03:08Speaker 3: That is the complete opposite. That they are obligated by
- 1:03:11Speaker 3: their faith that if they make an agreement with people
- 1:03:15Speaker 3: of other faiths, that they must abide by those agreements.
- 1:03:21Speaker 2: Okay?
- 1:03:22Speaker 3: I just wanted to sit there.
- 1:03:25Speaker 1: We shall see if any agreement is reached. Listen, I
- 1:03:28Speaker 1: hope what he's saying today is factual and accurate. I mean,
- 1:03:33Speaker 1: this thing needs to end now. Because if this goes
- 1:03:37Speaker 1: on beyond June, if we go into July this way
- 1:03:41Speaker 1: or August this way, well, look at the inflation numbers
- 1:03:45Speaker 1: that were out, 4% to 6%. This is just the
- 1:03:48Speaker 1: beginning of that huge inflation and energy costs going up
- 1:03:54Speaker 1: as well. It will be unbelievable if this thing doesn't
- 1:03:58Speaker 1: get resolved.
- 1:03:58Speaker 3: You can believe me.
- 1:03:59Speaker 4: I want him... To sign this, I want it.
- 1:04:02Speaker 3: I will call you guys the next morning and say.
- 1:04:05Speaker 2: You did a great thing.
- 1:04:06Speaker 1: There you go.
- 1:04:07Speaker 3: I'll humble myself.
- 1:04:09Speaker 1: Well, keep this in mind, though. I don't know that
- 1:04:11Speaker 1: you'll call me and tell me that. He started this
- 1:04:13Speaker 1: in the first place. He started this, so he's got
- 1:04:17Speaker 1: to fix it. I mean, he started this mess, and
- 1:04:22Speaker 1: there's this... There's all these other countries that he's saying,
- 1:04:27Speaker 1: where are they? They're all saying, we're not getting involved
- 1:04:29Speaker 1: in this mess. You started it. You brought this on.
- 1:04:32Speaker 3: Yeah.
- 1:04:32Speaker 2: All right.
- 1:04:33Speaker 4: All right, thanks.
- 1:04:35Speaker 16: JJ the Liberal.
- 1:04:36Speaker 5: News Radio 570.
- 1:04:36Speaker 3: You're on air.
- 1:04:37Speaker 2: Hello? Line one.
- 1:04:37Speaker 4: I hear noise.
- 1:04:53Speaker 1: I'll put them back on hold. You're on the air.
- 1:04:56Speaker 4: Yep. I'm glad you read that, what Trump's doing.
- 1:05:00Speaker 1: We shall see. Now, listen, I don't mean to sound
- 1:05:03Speaker 1: like an ass to you, but we shall see because
- 1:05:06Speaker 1: I've heard this how many times now? Over 30 times.
- 1:05:09Speaker 1: A deal's close. A deal's close. Listen, I want there
- 1:05:12Speaker 1: to be a deal. I'm rooting for him to get
- 1:05:15Speaker 1: something done and this thing concluded. Remember, he started this mess. No,
- 1:05:21Speaker 1: you remember this. He started this mess. We didn't have
- 1:05:24Speaker 1: a problem getting through the Strait of Hormuz before he
- 1:05:27Speaker 1: started this mess. There wasn't a problem. Shipping was taking place.
- 1:05:31Speaker 1: Iran wasn't charging tariffs. So he brought all of this
- 1:05:35Speaker 1: on because of his action. And all of these shortages
- 1:05:38Speaker 1: he brought on because of his action, a lot of
- 1:05:41Speaker 1: these other countries aren't participating. They say, you started this mess.
- 1:05:45Speaker 1: We're not getting involved in this decision. So he made
- 1:05:49Speaker 1: quite a mess that he's got to clean up.
- 1:05:52Speaker 19: You've got to thank him sincerely for saving the world
- 1:05:57Speaker 19: from a nuclear holocaust.
- 1:05:59Speaker 1: I'm not going to thank him. I think that you're
- 1:06:04Speaker 1: falling into the BS that they want to send you
- 1:06:08Speaker 1: as far as that goes. What was the point of
- 1:06:11Speaker 1: the bunker?
- 1:06:12Speaker 19: All over the world and all through the United States.
- 1:06:16Speaker 19: And they fund them. What I'm trying to tell you
- 1:06:18Speaker 19: is he choked them like a snake. What is that
- 1:06:22Speaker 19: big snake that chokes you until you die?
- 1:06:24Speaker 2: Anaconda, whatever? Yeah.
- 1:06:27Speaker 19: All right. So bottom line is, and then what he
- 1:06:32Speaker 19: just did today was he took all these restrictions that
- 1:06:36Speaker 19: Barack Hussein, Obama, and Joe Biden put restrictions on fishing.
- 1:06:42Speaker 19: So now the biggest thing, when we buy fish, we
- 1:06:46Speaker 19: don't want it from, you know, another country because it's
- 1:06:48Speaker 19: got mercury in it, you know. So now our clean
- 1:06:52Speaker 19: waters are going to have fish coming in.
- 1:06:54Speaker 4: So you're going to be able to.
- 1:06:55Speaker 19: Get fish reasonably cheap. Cheaper, of course, but you're going
- 1:06:59Speaker 19: to get fish from United States fish.
- 1:07:01Speaker 2: Isn't that great?
- 1:07:03Speaker 1: Yeah. I would prefer my fish to be... Well, it
- 1:07:07Speaker 1: depends what type of fish you want.
- 1:07:10Speaker 2: Well, no, we're talking lobster, scallops, everything.
- 1:07:14Speaker 19: Salmon, it's going to be all available now.
- 1:07:16Speaker 1: Well, see, I don't eat..
- 1:07:17Speaker 2: Because I don't know why.
- 1:07:18Speaker 19: These people put restrictions on them.
- 1:07:20Speaker 1: I don't eat lobster.
- 1:07:22Speaker 11: Hmm.
- 1:07:23Speaker 4: Oh, man.
- 1:07:23Speaker 1: I can't. I don't care. I mean, I have no
- 1:07:27Speaker 1: desire to eat lobster, and I don't even eat crab legs. Oh,
- 1:07:32Speaker 1: my Lord.
- 1:07:33Speaker 19: Listen, crab legs with hot pepper.
- 1:07:37Speaker 1: Now, here's the rub, though. My wife does eat lobster
- 1:07:41Speaker 1: and crab legs, and I do not. So, I mean,
- 1:07:46Speaker 1: it's just on my cup of tea.
- 1:07:50Speaker 19: It's a great day in the United States for.
- 1:07:53Speaker 20: People that love fish.
- 1:07:55Speaker 4: Okay? All right. All right.
- 1:07:56Speaker 19: So we're going to have better.
- 1:07:58Speaker 20: Access and lower costs.
- 1:08:00Speaker 2: Now, you've got to thank.
- 1:08:01Speaker 11: Them for that.
- 1:08:02Speaker 2: You know, see, this is the thing.
- 1:08:04Speaker 19: Everybody's putting down Trump.
- 1:08:06Speaker 5: I don't understand people.
- 1:08:07Speaker 1: You know what I mean?
- 1:08:08Speaker 8: Oh, by the way, I found.
- 1:08:09Speaker 19: A solution for Trump derangement syndrome.
- 1:08:11Speaker 1: You know what it is?
- 1:08:14Speaker 18: What is it?
- 1:08:15Speaker 19: It's giving people LSD and then playing... playing the YMCA
- 1:08:21Speaker 19: over and over and over again, and then teaching them
- 1:08:25Speaker 19: how to dance like Trump.
- 1:08:27Speaker 2: They'll snap out of it.
- 1:08:30Speaker 1: All right. I got you. It's Bubba Ganoush, NewsRadio 570, WKVN.
- 1:08:35Speaker 1: You're on the air. Hello, hello, hello. Trump says Iran
- 1:08:42Speaker 1: deal near after second day of U.S. strikes. I'm going
- 1:08:47Speaker 1: to hang up on that. strikes and attacks. So let's see.
- 1:08:54Speaker 1: I mean, we've heard this so many times before. Sometimes
- 1:08:57Speaker 1: I think this manipulation of the markets by the stuff
- 1:09:01Speaker 1: he says, I don't know if, you know, he knows
- 1:09:05Speaker 1: that stuff. Where did I go? Where is, of course,
- 1:09:09Speaker 1: I'm running out of time for Lauderdale Frank to do
- 1:09:11Speaker 1: some analysis. Trump cancels Iran strike scheduled for Thursday evening.
- 1:09:16Speaker 1: Dow jumps 700 points. Oil tumbles as Trump cancels evening
- 1:09:20Speaker 1: strike against Iran. Crude oil prices fall 3% after Trump
- 1:09:25Speaker 1: calls off strike against Iran. Okay, so that's all the news.
- 1:09:29Speaker 1: So I look at the markets, and let's see. The
- 1:09:32Speaker 1: Dow's up like 929 points. The S & P' s up 127.
- 1:09:38Speaker 1: NASDAQ's up 640. And the Russell's up like 85. So
- 1:09:46Speaker 1: everything is in the green. Everything is up as far
- 1:09:48Speaker 1: as the stock market is concerned based on what he said. Now,
- 1:09:51Speaker 1: let's see if it materializes. Obviously, he says he's not
- 1:09:54Speaker 1: going to do this bombing tonight. But then he's saying, well,
- 1:09:57Speaker 1: a deal is close and imminent. Now, he said this.
- 1:10:00Speaker 1: How many times has he said this? And nothing has materialized.
- 1:10:05Speaker 1: So I think his credibility is now on the line.
- 1:10:09Speaker 1: I don't care if you're a Trump voter, Trump supporter
- 1:10:11Speaker 1: or not. I voted for him. I won't vote for
- 1:10:14Speaker 1: a Democrat. But by George, his credibility is now in
- 1:10:18Speaker 1: line because he said this too many times. If this
- 1:10:21Speaker 1: doesn't materialize this time, then I'm going to sit back
- 1:10:25Speaker 1: and think he's pulling this crap to manipulate the markets.
- 1:10:30Speaker 1: And I wonder if there isn't some insider trading going
- 1:10:33Speaker 1: on with people that know what he's going to say
- 1:10:35Speaker 1: and all that kind of stuff. to make a ton
- 1:10:38Speaker 1: of money when the market goes up like this. Just asking.
- 1:10:41Speaker 1: Don't know. But he's saying, well, a deal is close.
- 1:10:46Speaker 1: We're not going to do the bombing. A deal is close. Well,
- 1:10:48Speaker 1: one better materialize is all I'm trying to say. Because
- 1:10:51Speaker 1: I've heard this for quite some time when he said
- 1:10:55Speaker 1: the same thing and nothing ever came from it. So
- 1:11:01Speaker 1: it doesn't matter to me whether you're a Trump supporter
- 1:11:03Speaker 1: or not. I'm here to say, I'm getting tired of
- 1:11:07Speaker 1: talk is cheap, deeds are precious. Let's see if anything
- 1:11:10Speaker 1: materializes as a result of this. Because if it doesn't,
- 1:11:14Speaker 1: then it's just another hoax that has happened for 30
- 1:11:18Speaker 1: plus times. So this is a big credibility test for him.
- 1:11:23Speaker 1: He's called it off, and he gives me that Trump
- 1:11:27Speaker 1: says Iran deal near after second day of U.S.
- 1:11:29Speaker 4: Strikes.
- 1:11:30Speaker 1: I mean, when you read this stuff, where do I...
- 1:11:34Speaker 1: Where did I have all this kind of stuff? I
- 1:11:37Speaker 1: don't want that. I thought I had it. Okay, right here.
- 1:11:46Speaker 1: President Donald Trump said today that a deal to end
- 1:11:49Speaker 1: the conflict with Iran is nearly complete. So we shall
- 1:11:54Speaker 1: see something better materialize. Adding that negotiations are finalizing, negotiators
- 1:11:59Speaker 1: are finalizing the documents and could sign an agreement in
- 1:12:02Speaker 1: Europe within days. Speaking to reporters in the Oval Office,
- 1:12:05Speaker 1: Trump declared the negotiators had reached a breakthrough and suggested
- 1:12:08Speaker 1: the agreement was largely finished pending completion of final paperwork.
- 1:12:12Speaker 1: We just made a great settlement of the war with Iran.
- 1:12:15Speaker 1: The documents are in pretty much the final form. So
- 1:12:19Speaker 1: we'll see. It should be done pretty quickly. Trump said
- 1:12:22Speaker 1: the agreement would ensure Iran never obtains a nuclear weapon,
- 1:12:24Speaker 1: which he described as a central objective of the administration's
- 1:12:27Speaker 1: pressure campaign against Tehran. The president also said the strait
- 1:12:32Speaker 1: would reopen once the agreement is signed, potentially easing pressure
- 1:12:35Speaker 1: in a global economy. So will there be a tariff
- 1:12:38Speaker 1: in a state? Doesn't say. Will Iran get any of
- 1:12:41Speaker 1: their money back? Doesn't say. I want to see this
- 1:12:44Speaker 1: deal happen.
- 1:12:45Speaker 9: News Radio 570 WKBN. Well, it's Thursday.
- 1:12:49Speaker 1: And that means the legal show comes your way after
- 1:12:51Speaker 1: the news at 5 o'clock. Free legal advice, courtesy of
- 1:12:53Speaker 1: law firm Beatrice Kopp. At 6 tonight, Money Talks with
- 1:12:57Speaker 1: John Arnold on News Radio 570 WKBN. So that's the rundown.
- 1:13:01Speaker 1: And then, of course, Sean Hannity at 7. Jesse Kelly
- 1:13:04Speaker 1: at 10. Coast to Coast Overnight is the rundown. for
- 1:13:09Speaker 1: this Thursday. So if you have a legal question or
- 1:13:11Speaker 1: dilemma that's facing you, right after the news break at 5,
- 1:13:14Speaker 1: we'll bring on the best lawyers around from the law
- 1:13:17Speaker 1: firm of Beatrice Kopp. They'll answer any legal question you have. Estates, trusts, wills,
- 1:13:24Speaker 1: contractual issues, speeding tickets, auto accidents, dog bites, you've got
- 1:13:29Speaker 1: a problem, divorce, you name it, we'll deal with it.
- 1:13:32Speaker 1: Free legal advice is always Thursdays from 5 to 6
- 1:13:35Speaker 1: over 35 years of Dolan and Outs. For each and
- 1:13:39Speaker 1: every one of you. So give us a call if
- 1:13:41Speaker 1: you've got a legal problem. 330-729-9977. We'll get you online
- 1:13:46Speaker 1: in a rotation for right after the news break at
- 1:13:48Speaker 1: 5 when we shift gears to the legal show.
- 1:13:51Speaker 13: 330-729-9977.
- 1:13:51Speaker 11: 330-729-9977.
- 1:13:51Speaker 1: We'll get you through to us on NewsRadio 570 WK.
- 1:14:06Speaker 21: From ABC News, I'm Lindsay Davis, anchor of Prime, streaming
- 1:14:10Speaker 21: weeknights on ABC News Live. The three-month-long war with Iran
- 1:14:14Speaker 21: and recent escalations despite a ceasefire could give way to
- 1:14:17Speaker 21: a permanent deal. President Trump says leaders have approved final
- 1:14:21Speaker 21: points on a peace agreement and says he's calling off
- 1:14:23Speaker 21: tonight's scheduled strikes against Iran. ABC's Stephen Portnoy has more.
- 1:14:27Speaker 14: What we heard the president say is that he has
- 1:14:29Speaker 14: just spoken to the prime minister of Israel, the heads
- 1:14:31Speaker 14: of Qatar, the UAE, Saudi Arabia, Kuwait, will soon be
- 1:14:34Speaker 14: talking to Turkey. He said the Strait of Hormuz will
- 1:14:37Speaker 14: be open. He mentioned that the U.S. has been engaged
- 1:14:40Speaker 14: in what had been secret missions to take ships, oil tankers,
- 1:14:43Speaker 14: out of the Strait of Hormuz, transiting them through to
- 1:14:46Speaker 14: the global marketplace.
- 1:14:47Speaker 21: A source with knowledge of the negotiations tells ABC News
- 1:14:50Speaker 21: the deal is very close as mediators hit some breakthroughs.
- 1:14:53Speaker 21: On the heels of this week's inflation report showing consumer
- 1:14:56Speaker 21: prices are at a three-year high, the producer price index
- 1:14:59Speaker 21: shows wholesale prices jumped 6.5% in May from the previous year.
- 1:15:03Speaker 21: President Trump has nominated former SEC Chair Jay Clayton to
- 1:15:06Speaker 21: be the next director of national intelligence. Current acting director
- 1:15:10Speaker 21: Bill Pulte has received bipartisan backlash, including House and Senate
- 1:15:13Speaker 21: lawmakers rejecting measures to extend FISA's wiretap tool to monitor
- 1:15:18Speaker 21: foreign threats. Democratic Senator Adam Schiff on Clayton's nomination.
- 1:15:22Speaker 1: It doesn't solve the Pulte problem.
- 1:15:24Speaker 4: It doesn't solve the 702 problem.
- 1:15:26Speaker 11: It's simply naming Jake Clayton.
- 1:15:28Speaker 22: But I'm sure that Clayton will eventually be given fair consideration.
- 1:15:32Speaker 21: FISA 702 expires tomorrow. Celebrations in New York City over
- 1:15:36Speaker 21: the New York Knicks. Game 4 win against the San
- 1:15:39Speaker 21: Antonio Spurs last night led to unrest outside Madison Square Garden.
- 1:15:43Speaker 21: nypd says they arrested more than 50 people game five
- 1:15:47Speaker 21: is saturday and the fifa world cup kicked off today
- 1:15:50Speaker 21: with mexico taking on south africa in the first match
- 1:15:53Speaker 21: in mexico city it all leads up to tomorrow night's
- 1:15:55Speaker 21: match in los angeles between the u.s and paraguay the
- 1:15:58Speaker 21: u.s mexico and canada are hosting the world cup you're
- 1:16:01Speaker 21: listening to abc news.
- 1:16:06Speaker 1: In the afternoon we're sitting with What do we have here?
- 1:16:09Speaker 1: 78 degrees on NewsRadio 570 WQEN. Hey, Thursday after 5, well,
- 1:16:14Speaker 1: that's the tradition that we have here at NewsRadio 570 WQEN.
- 1:16:18Speaker 1: 35 plus years, you know what we've been doing on Thursdays?
- 1:16:21Speaker 1: We have been answering legal questions. Free legal advice is
- 1:16:26Speaker 1: being offered to you on any issue you might have.
- 1:16:29Speaker 1: Child support, custody issues you might have. Perhaps... estates do
- 1:16:36Speaker 1: i get a will or a trust contractual issues medical
- 1:16:39Speaker 1: malpractice auto accidents evictions any issues that you might have
- 1:16:46Speaker 1: if you're looking for some input legal advice this is
- 1:16:49Speaker 1: a spot to come we'll try to answer your question
- 1:16:51Speaker 1: it certainly points you in the right direction we do
- 1:16:54Speaker 1: all of that and we hope that uh You have
- 1:16:58Speaker 1: something going on in your life that we can assist
- 1:17:00Speaker 1: you with. And guess what? We don't give you a bill.
- 1:17:02Speaker 1: If that's the case, I have three lines in Youngstown open.
- 1:17:05Speaker 1: If you'd like to take one of those and ask
- 1:17:07Speaker 1: our crack legal team any legal problem that you might
- 1:17:10Speaker 1: have or for some guidance, we're more than happy to
- 1:17:12Speaker 1: do it for you.
- 1:17:13Speaker 2: 330-729-9977.
- 1:17:13Speaker 1: We'll get you through to us here today.
- 1:17:14Speaker 4: 330-729-9977.
- 1:17:14Speaker 11: 330-729-9977.
- 1:17:27Speaker 1: Two lines available. If you've got a legal question, pick
- 1:17:29Speaker 1: up the phone, call us right now. I'll get you
- 1:17:31Speaker 1: in touch with our attorneys. It happens all the time.
- 1:17:34Speaker 1: We end the program before we can get all the
- 1:17:37Speaker 1: calls in, so don't delay. If you want to get
- 1:17:40Speaker 1: in rotation, 330-729-9977. For our legal team and free legal advice,
- 1:17:42Speaker 1: on NewsRadio 570, WQEN. All right, so let's go to
- 1:17:52Speaker 1: the law firm tonight, and let's see if, let me see,
- 1:17:58Speaker 1: I'm going to say, do we have Attorney James Melfi
- 1:18:04Speaker 1: with us? He's been hit and miss. Is Attorney Melfi
- 1:18:06Speaker 1: joining us tonight on The Legal Show?
- 1:18:09Speaker 11: Present.
- 1:18:11Speaker 1: Well, that is, you know, put a little enthusiasm into it, James.
- 1:18:14Speaker 11: Ron, I don't know what's going on. You kind of
- 1:18:16Speaker 11: sound like C-3PO from Star Wars. I don't know if
- 1:18:19Speaker 11: it's on our end, but I'm hearing myself. I have
- 1:18:21Speaker 11: no idea what's going on.
- 1:18:23Speaker 17: Really?
- 1:18:23Speaker 11: But happy to be here.
- 1:18:24Speaker 1: All right. I sound odd, huh? That's very interesting. Well,
- 1:18:27Speaker 1: it is what it is, as long as you can
- 1:18:29Speaker 1: understand me. That's all that matters, James. That's all that matters.
- 1:18:33Speaker 1: But who knows? All right. And who joins you? Is
- 1:18:36Speaker 1: Tally with us tonight?
- 1:18:38Speaker 11: Tally is with us tonight.
- 1:18:40Speaker 1: Hello, Ron. Oh, there she is. There she is handling...
- 1:18:45Speaker 1: The family law end at the firm and so much more,
- 1:18:47Speaker 1: just incidentally. And it's always nice to hear Tally with us.
- 1:18:52Speaker 4: All right.
- 1:18:53Speaker 1: Is that it?
- 1:18:53Speaker 4: Thank you.
- 1:18:54Speaker 1: We got the two of you, right?
- 1:18:56Speaker 11: Frank's at Little League. And Leo, where's David?
- 1:19:01Speaker 16: Yeah, where's David, Leo?
- 1:19:02Speaker 1: Well, we don't know.
- 1:19:03Speaker 11: I mean, it's a Thursday in June.
- 1:19:06Speaker 1: Yeah, he's probably somewhere getting his boat repaired. Sherlock Holmes
- 1:19:11Speaker 1: over here.
- 1:19:11Speaker 11: Maybe.
- 1:19:12Speaker 23: Getting waxed, getting his nails done, something important.
- 1:19:16Speaker 1: Right. He's probably in that ice bath because he just
- 1:19:19Speaker 1: got the bill for fixing his boat, something along those lines.
- 1:19:22Speaker 1: He's probably right.
- 1:19:25Speaker 11: Ron, I have a new prank for David, but I
- 1:19:28Speaker 11: can't share it on the air, and I don't want
- 1:19:30Speaker 11: to give it away just yet.
- 1:19:31Speaker 4: Is it good?
- 1:19:33Speaker 11: It's maybe the most diabolical one yet.
- 1:19:35Speaker 1: I can hardly wait. When do you think you'll launch it?
- 1:19:39Speaker 11: Perhaps in the next 10 days.
- 1:19:41Speaker 1: Beautiful.
- 1:19:43Speaker 4: Beautiful.
- 1:19:43Speaker 1: Make sure that you report in to me. On how
- 1:19:46Speaker 1: it goes. I will. I got to know.
- 1:19:49Speaker 11: I'll make sure to text you.
- 1:19:50Speaker 1: Please do, because I want to know.
- 1:19:52Speaker 11: It'd be worth it.
- 1:19:53Speaker 1: Yeah, I want to know.
- 1:19:55Speaker 11: Ron's giggling like a schoolgirl.
- 1:19:58Speaker 1: It's so diabolical, I can hardly wait.
- 1:20:01Speaker 11: Oh, it's fantastic. It's so mean.
- 1:20:03Speaker 1: Because I got to admit this, you know, obviously you're
- 1:20:05Speaker 1: a great lawyer, but you are so good at these
- 1:20:08Speaker 1: diabolical ways to get under Dave's skin. It's so admirable.
- 1:20:13Speaker 1: I mean, it's so good. I have to say.
- 1:20:15Speaker 11: Sick and twisted sense of humor.
- 1:20:16Speaker 1: All right. You used a lot of your college years
- 1:20:20Speaker 1: for the good things of how to do a good
- 1:20:23Speaker 1: practical joke and get under someone's skin.
- 1:20:26Speaker 11: I cut my pinky off to go back to college.
- 1:20:28Speaker 1: Yeah, and obviously you mastered beer drinking and pizza eating
- 1:20:32Speaker 1: as well. So I commend you on all of that, James.
- 1:20:34Speaker 1: Thank you, Ron.
- 1:20:35Speaker 11: Appreciate it.
- 1:20:35Speaker 1: Now, Tally, on the other hand, was a straight-A student
- 1:20:38Speaker 1: and always did her homework and... Was not out partying
- 1:20:42Speaker 1: and having any fun, right, Tally?
- 1:20:43Speaker 11: Tally and I went to the same college.
- 1:20:45Speaker 16: Yes, we did.
- 1:20:46Speaker 1: Really? Did you know each other?
- 1:20:47Speaker 11: No.
- 1:20:48Speaker 23: I'm older than him, which is really gross to say
- 1:20:50Speaker 23: out loud.
- 1:20:53Speaker 16: Actually, we should have known each other because I was
- 1:20:54Speaker 16: a senior when he was a freshman.
- 1:20:56Speaker 1: What college?
- 1:20:57Speaker 16: I also graduated when I just turned 21.
- 1:20:59Speaker 11: Miami of Ohio.
- 1:21:00Speaker 1: Which one? Miami of Ohio.
- 1:21:02Speaker 11: Okay.
- 1:21:03Speaker 12: Yeah.
- 1:21:04Speaker 1: Oh, that's interesting. All right.
- 1:21:06Speaker 11: Why is that interesting? Just curious.
- 1:21:07Speaker 1: Because often when I hear Miami of Ohio, I always
- 1:21:11Speaker 1: think Miami and Florida. And I always found it interesting
- 1:21:13Speaker 1: when people go to Miami of Ohio. You know, like
- 1:21:16Speaker 1: I like to say, I happen to be a graduate
- 1:21:18Speaker 1: of the University of Akron. That's where the real men went, James.
- 1:21:23Speaker 11: I know, you're a zip. We were a university before
- 1:21:26Speaker 11: Florida was a state, but that's all right. Now I
- 1:21:28Speaker 11: practice down there, too.
- 1:21:29Speaker 16: It's fine.
- 1:21:29Speaker 23: We're also number one for hottest girls and number two
- 1:21:32Speaker 23: for hottest guys and one of the top party schools,
- 1:21:34Speaker 23: so I'll take it.
- 1:21:36Speaker 4: There it is.
- 1:21:37Speaker 1: There it is.
- 1:21:37Speaker 11: No comment.
- 1:21:39Speaker 1: Now, I would have to just give her an aye-aye, Captain,
- 1:21:42Speaker 1: on all of that. Kent State was always known as
- 1:21:45Speaker 1: a party school. I always heard that was the big
- 1:21:49Speaker 1: party university. Did you hear that over the years or not?
- 1:21:52Speaker 11: Never went.
- 1:21:53Speaker 1: The golden flashes. I didn't go there. I just heard
- 1:21:56Speaker 1: it was a happening place. All right, are you ready
- 1:21:58Speaker 1: to take some calls? Sure. Why don't we do that
- 1:22:01Speaker 1: with Tally and James? You're on the air. Hello there.
- 1:22:06Speaker 1: Line one, are you there?
- 1:22:08Speaker 4: Hello.
- 1:22:08Speaker 2: Yes, sir.
- 1:22:09Speaker 1: Do you have a legal question?
- 1:22:11Speaker 4: I sure do.
- 1:22:11Speaker 1: Good. Go ahead.
- 1:22:14Speaker 4: I received in the mail... a letter from a company
- 1:22:19Speaker 4: that says they are an oil and gas mineral rights company.
- 1:22:27Speaker 4: And prior to that, I had a call from apparently
- 1:22:31Speaker 4: one of their representatives that said I would be getting
- 1:22:35Speaker 4: the letter. And the letter, in effect, mentions a couple
- 1:22:41Speaker 4: of my distant, really distant relatives.
- 1:22:47Speaker 1: By name.
- 1:22:49Speaker 4: And they're saying they want to buy my mineral rights.
- 1:22:55Speaker 4: I've never received any royalties from this company. I never
- 1:23:00Speaker 4: heard of them. But they do mention my great-grandfather, but
- 1:23:09Speaker 4: they never seem to put it together exactly. But You know,
- 1:23:14Speaker 4: it's a two-page letter, and I'm sure you don't want
- 1:23:16Speaker 4: to go through all that. I'll try to pick up
- 1:23:19Speaker 4: the significant parts of it. It says this oil and
- 1:23:25Speaker 4: gas mineral rights purchase and sales agreement is entered into
- 1:23:31Speaker 4: by and between..
- 1:23:32Speaker 11: Who's the other party?
- 1:23:34Speaker 4: You and what else? Yes. Can I mention their name?
- 1:23:39Speaker 11: Yeah, go for it.
- 1:23:41Speaker 4: It's... triple land and mineral out of, let's see, Bridgeport,
- 1:23:50Speaker 4: West Virginia. Okay.
- 1:23:54Speaker 1: Is this on your land? Do you own land?
- 1:23:57Speaker 4: No, not as far as I know.
- 1:24:00Speaker 1: Where's it from?
- 1:24:02Speaker 4: They're saying I have mineral rights. Oil and gas rights.
- 1:24:08Speaker 1: Where? Located where?
- 1:24:10Speaker 4: In West Virginia. There's like a Four pages long.
- 1:24:14Speaker 1: Okay, just answer this question for our attorneys. Did you
- 1:24:17Speaker 1: inherit any land in West Virginia?
- 1:24:20Speaker 4: Not that I know of.
- 1:24:21Speaker 1: Do you own any land in West Virginia?
- 1:24:24Speaker 4: Not that I know of.
- 1:24:25Speaker 1: But yet they say that you have mineral rights. So
- 1:24:29Speaker 1: your parents, or did you ever live in West Virginia?
- 1:24:32Speaker 4: No, my parents did.
- 1:24:34Speaker 1: Okay, so your parents did. And what happened to their land?
- 1:24:40Speaker 4: I have no idea.
- 1:24:41Speaker 1: Your parents never told you you didn't follow what happened
- 1:24:45Speaker 1: when they died if somebody bought it?
- 1:24:46Speaker 4: Well, I don't know. I don't think they owned any
- 1:24:50Speaker 4: land down there as far as I can tell.
- 1:24:53Speaker 23: Have you verified the company with the Secretary of State
- 1:24:56Speaker 23: business database?
- 1:24:58Speaker 4: Not yet.
- 1:24:59Speaker 11: Sir, here's what I would do. I'm going to give
- 1:25:01Speaker 11: you some good advice on this.
- 1:25:04Speaker 16: I'm listening.
- 1:25:05Speaker 11: Get a lawyer in West Virginia before you sign... Yeah, don't.
- 1:25:11Speaker 23: Sign anything because you could also compare it. If it
- 1:25:14Speaker 23: is legitimate, you're going to want several different people to
- 1:25:17Speaker 23: tell you how much they'll give you. But also make
- 1:25:20Speaker 23: sure it's a real business before wasting your time or
- 1:25:23Speaker 23: hiring an attorney. So make sure you verify that it
- 1:25:26Speaker 23: is an actual business.
- 1:25:28Speaker 11: We'll count it in West Virginia.
- 1:25:30Speaker 1: Didn't James, for just a second, get a little closer
- 1:25:32Speaker 1: to my microphone, James, if you wouldn't mind. I believe
- 1:25:35Speaker 1: Dave has said in the past, correct me if I'm wrong,
- 1:25:38Speaker 1: I think Johnson & Johnson over in Canfield kind of
- 1:25:41Speaker 1: deals with this type of issue. Have you heard that, James,
- 1:25:45Speaker 1: I think in the past? I remember Dave referring to that.
- 1:25:47Speaker 11: I have heard that. And if they can't help you,
- 1:25:50Speaker 11: if you give our office a call, I can get
- 1:25:52Speaker 11: you in the right direction.
- 1:25:53Speaker 1: All right. So take that letter because you– You might
- 1:25:57Speaker 1: have something going on there and go see.
- 1:26:01Speaker 11: Do not pick up a pen before you talk to
- 1:26:04Speaker 11: a lawyer.
- 1:26:04Speaker 16: Yeah, have somebody review it.
- 1:26:07Speaker 4: The problem is, if I can, the problem is they're
- 1:26:12Speaker 4: offering $ 2, 500. Well, it.
- 1:26:15Speaker 1: Might be worth more.
- 1:26:17Speaker 4: Yeah, that's exactly right.
- 1:26:19Speaker 16: And what bothers me is..
- 1:26:26Speaker 4: Description of the land, and it goes from this stone
- 1:26:29Speaker 4: to that corner to the oak tree and all this
- 1:26:34Speaker 4: stuff I don't understand. But they're saying they're offering $ 2, 500.
- 1:26:40Speaker 4: But on page two, they're saying if there's any litigation
- 1:26:46Speaker 4: or anything, that I would have to pay any claims
- 1:26:54Speaker 4: from other people concerning that land i could i could
- 1:26:58Speaker 4: see this as a real scam would.
- 1:27:01Speaker 11: You indemnify them and hold them harmless in case there's
- 1:27:04Speaker 11: another heir out there yeah and you sold this land
- 1:27:07Speaker 11: get a lawyer.
- 1:27:08Speaker 16: Don't sign that until you have someone review it please
- 1:27:10Speaker 16: please please please please.
- 1:27:11Speaker 1: So melfi you said you could look at it.
- 1:27:13Speaker 23: Uh yes we can at least send you in the
- 1:27:16Speaker 23: right direction we're not in the right direction we're not
- 1:27:17Speaker 23: licensed in west virginia no but i mean you can
- 1:27:20Speaker 23: definitely get you someone who can.
- 1:27:21Speaker 11: Yeah yeah Give the office a call. If there's something
- 1:27:23Speaker 11: we can't help you with, we'll get you in the
- 1:27:25Speaker 11: right direction.
- 1:27:25Speaker 1: Call the office and tell them you want to talk
- 1:27:28Speaker 1: to Attorney Melfi, okay? And maybe he can point you
- 1:27:30Speaker 1: in the right direction.
- 1:27:31Speaker 4: Do you have their number?
- 1:27:33Speaker 1: 330- Fill in the rest, Tally. I don't know her number.
- 1:27:38Speaker 16: 746-8484.
- 1:27:39Speaker 1: There you go.
- 1:27:39Speaker 3: 746-8484.
- 1:27:39Speaker 4: 330-746-8484.
- 1:27:39Speaker 16: James Melfi, Attorney-in-Law.
- 1:27:50Speaker 4: Big four. Okay.
- 1:27:52Speaker 1: Thank you very much.
- 1:27:54Speaker 4: I suspect a scam. That's why I called it.
- 1:27:56Speaker 1: It might not be, though, because your parents live there.
- 1:27:59Speaker 1: You don't know.
- 1:28:00Speaker 11: The oil and gas business is booming again, so there's
- 1:28:04Speaker 11: a lot of drilling going on.
- 1:28:05Speaker 16: You never know.
- 1:28:06Speaker 11: I'd like something.
- 1:28:07Speaker 1: That's going to make us money. Good luck to you, old-timer.
- 1:28:10Speaker 2: Hey, thanks.
- 1:28:13Speaker 1: Remember back in the good old days.
- 1:28:14Speaker 11: Ron, why do you got to do that to him?
- 1:28:16Speaker 11: Why do you got to do it to the caller?
- 1:28:17Speaker 2: What?
- 1:28:17Speaker 4: Old-timer.
- 1:28:18Speaker 1: Because he's an old-timer, I could tell.
- 1:28:21Speaker 11: I held back on my Kent State joke. I was
- 1:28:23Speaker 11: going to say you went there when it was Woodstock.
- 1:28:25Speaker 1: I didn't go to Kent State. I wasn't a Golden Flash.
- 1:28:27Speaker 1: I was a University of Akron graduate.
- 1:28:29Speaker 23: I think Jimmy's just feeling a certain way because I
- 1:28:31Speaker 23: just looked at him and he has gray eyebrow hairs.
- 1:28:33Speaker 23: So I think he's just expressing his frustration.
- 1:28:36Speaker 1: Tally went to the University of Hot Chicks. I mean,
- 1:28:38Speaker 1: that's all that matters. You know, right there. There you go, Melfi.
- 1:28:43Speaker 11: I went to the same place.
- 1:28:45Speaker 16: Yeah, but you're number two.
- 1:28:46Speaker 1: And that's probably why Melfi went to that place, if
- 1:28:48Speaker 1: I had to guess.
- 1:28:50Speaker 11: Maybe why I never came home.
- 1:28:53Speaker 16: Oh, stop. He has his beautiful wife.
- 1:28:56Speaker 1: There you go. And let's take some more calls with
- 1:28:58Speaker 1: our attorneys tonight. NewsRadio 570, Dodie Kimion. You're on the air.
- 1:29:02Speaker 11: Hi.
- 1:29:04Speaker 2: Hi.
- 1:29:05Speaker 3: I was.
- 1:29:07Speaker 11: Shocked.
- 1:29:08Speaker 10: I got a. speeding ticket oh my god.
- 1:29:12Speaker 16: I'm so sorry how.
- 1:29:13Speaker 10: Fast well i've been driving since i was 16 and
- 1:29:16Speaker 10: i'm 74 and i'm on a limited income and i
- 1:29:18Speaker 10: was shocked i have a hundred hundred dollar speeding.
- 1:29:21Speaker 1: Ticket where'd you get.
- 1:29:22Speaker 10: It from well that's what i i do believe in
- 1:29:25Speaker 10: being responsible like if i have to pay it i
- 1:29:27Speaker 10: will but um it's just that time.
- 1:29:30Speaker 1: Tell us did a cop pull you over yes or
- 1:29:32Speaker 1: no no it's one of the photo tickets yes do
- 1:29:38Speaker 1: you own your car lease.
- 1:29:39Speaker 2: Your car Own.
- 1:29:41Speaker 10: It's 21 years old.
- 1:29:42Speaker 1: All right, so you own it.
- 1:29:43Speaker 16: Look at Ron giving advice on you.
- 1:29:44Speaker 1: No, I'm just getting the details for you. What community
- 1:29:49Speaker 1: did you get it in?
- 1:29:51Speaker 10: Well, I'm so embarrassed to say this, but I didn't
- 1:29:52Speaker 10: realize it. Okay, it was by the college. I hardly
- 1:29:56Speaker 10: ever go that way on Wick Avenue. And this was
- 1:29:59Speaker 10: May 5th, and I'm trying to think, where was I
- 1:30:01Speaker 10: going that I would be speeding?
- 1:30:02Speaker 6: I don't work anymore.
- 1:30:04Speaker 10: So anyway, I saw the sign, the 20-mile speed limit.
- 1:30:10Speaker 10: It was around YSU. And when I saw the sign,
- 1:30:14Speaker 10: I went, I slowed down, but I don't know where
- 1:30:17Speaker 10: I was going, but the speeding ticket said 34. And
- 1:30:21Speaker 10: there was nobody.
- 1:30:22Speaker 4: Walking at all.
- 1:30:23Speaker 1: It was beautiful. You sound like an old lady with
- 1:30:25Speaker 1: a lead foot on that car. I think you're probably
- 1:30:29Speaker 1: lying to our teenagers. I think you're a chronic speeder,
- 1:30:34Speaker 1: and you probably don't use turn signals either.
- 1:30:37Speaker 2: Oh, no, no, this is so funny.
- 1:30:39Speaker 10: But, you know, there was a time several years ago,
- 1:30:42Speaker 10: because I do try to be responsible, and I'm one
- 1:30:44Speaker 10: of these people that just could have something bad happen
- 1:30:46Speaker 10: to me because I... Okay, years ago, I was following some...
- 1:30:51Speaker 10: I was at the bank, and the lady in front
- 1:30:52Speaker 10: of me pulled out, didn't use her signal, and I
- 1:30:55Speaker 10: went next, you know? And I followed her.
- 1:30:57Speaker 8: You know, she was..
- 1:30:58Speaker 10: Well, I wasn't really following her so much, but I
- 1:31:00Speaker 10: happened to be going the same way she was. But
- 1:31:02Speaker 10: it was on my direction home, so she pulled into
- 1:31:04Speaker 10: Nicole's parking lot. So I went over, you know, I...
- 1:31:07Speaker 10: got out of my car, she got out of her car,
- 1:31:08Speaker 10: and she had a little girl with her, and I said,
- 1:31:11Speaker 10: excuse me, ma'am, I don't know if you're aware of this,
- 1:31:12Speaker 10: but you made all these turns, and you never used
- 1:31:14Speaker 10: your signal, you know, and I said, you know, and
- 1:31:17Speaker 10: it was a new car, and I had this old car,
- 1:31:19Speaker 10: and I said, I'm just concerned, because, you know, you
- 1:31:21Speaker 10: also have a child in your car, you know, and
- 1:31:23Speaker 10: instead of her saying thank you, I wasn't aware of it,
- 1:31:25Speaker 10: she told me, get a life.
- 1:31:27Speaker 1: Right.
- 1:31:27Speaker 10: And I said, well, I'm just concerned for your life
- 1:31:30Speaker 10: and your child, you know?
- 1:31:31Speaker 1: I would have told you the same thing. Mind your
- 1:31:32Speaker 1: own business, lady.
- 1:31:33Speaker 10: Yeah, well, I was just, you know, I wouldn't want
- 1:31:35Speaker 10: to have been warned, you know? But anyway, and I'm
- 1:31:37Speaker 10: sure the signal was working because it was a new car.
- 1:31:40Speaker 10: So I try to be responsible. And like the other day,
- 1:31:43Speaker 10: I was coming out from somewhere, and this guy, and
- 1:31:44Speaker 10: this happened so many times, he had a sports car
- 1:31:47Speaker 10: on South Avenue. We were coming home from my granddaughter's
- 1:31:51Speaker 10: piano recital. And anyway, we stopped for lunch at where
- 1:31:55Speaker 10: they wanted to go, and We drove separate. And anyway,
- 1:31:58Speaker 10: I'm going on South Avenue. This guy in the sports car,
- 1:32:01Speaker 10: he had to be going 80 to 85.
- 1:32:03Speaker 1: Now, let me ask you a question. And this is important.
- 1:32:05Speaker 2: The cops never pick him up.
- 1:32:07Speaker 4: Right.
- 1:32:08Speaker 1: This is important. Was that guy in a Mercedes that
- 1:32:10Speaker 1: looked like a man driving a woman's Mercedes?
- 1:32:13Speaker 11: In a light blue Mercedes.
- 1:32:14Speaker 1: Light blue Mercedes with gray hair.
- 1:32:15Speaker 10: It might have been one of you lawyers.
- 1:32:18Speaker 1: I think I might be able to identify that person.
- 1:32:21Speaker 1: All right. So what do you say?
- 1:32:23Speaker 11: First of all, lady..
- 1:32:27Speaker 2: Ron, I call you all the time.
- 1:32:28Speaker 12: I called yesterday.
- 1:32:29Speaker 1: I know. I know you have this lead foot. I
- 1:32:31Speaker 1: can tell you're probably a chronic speeder. But anyway, what
- 1:32:34Speaker 1: do you say, guys? She's all bent up about this.
- 1:32:36Speaker 1: She really doesn't have to pay it, does she?
- 1:32:41Speaker 11: Ron took you through my line of questioning. You own
- 1:32:43Speaker 11: your vehicle.
- 1:32:44Speaker 4: Yes.
- 1:32:45Speaker 11: So it's not going to get assessed at your leasing company.
- 1:32:47Speaker 11: It's no points. It's a civil infraction.
- 1:32:49Speaker 16: It's not going to the MVP.
- 1:32:51Speaker 4: MVP.
- 1:32:52Speaker 11: MVP.
- 1:32:52Speaker 2: B & B.
- 1:32:52Speaker 16: Wow, I'm very tired today.
- 1:32:54Speaker 11: So what I would say is don't lose sleep over it, caller.
- 1:32:57Speaker 11: And tell Ron to talk to you nicer.
- 1:33:00Speaker 1: Right. No, that's okay. Now listen to what Melfi said, though. Now,
- 1:33:07Speaker 1: do you have the backbone? I'm just saying because if
- 1:33:09Speaker 1: you don't pay it, they're going to tell you, oh,
- 1:33:11Speaker 1: we're going to turn you over to collections or we're
- 1:33:14Speaker 1: going to send you a letter demanding more money. Ignore
- 1:33:17Speaker 1: all that kind of stuff and you won't have anything
- 1:33:19Speaker 1: to worry about. All right? Right? Right.
- 1:33:22Speaker 10: Wait, wait, real quick. So I don't have to pay
- 1:33:24Speaker 10: for it because I did see the policeman out of
- 1:33:26Speaker 10: the corner of my eye, but it was from a
- 1:33:28Speaker 10: camera because they sent me the photo. It was me
- 1:33:31Speaker 10: and it was my car, so I can't deny it.
- 1:33:33Speaker 10: But he never pulled me over.
- 1:33:35Speaker 1: But there was a policeman there?
- 1:33:37Speaker 11: Yes.
- 1:33:38Speaker 1: What do you say, Melfi? Does this change anything?
- 1:33:41Speaker 11: Was it your twin sister driving your car and she
- 1:33:44Speaker 11: stole it?
- 1:33:46Speaker 8: No, I'm serious, guys.
- 1:33:47Speaker 10: If I have to pay it, I will. But if I,
- 1:33:49Speaker 10: you know, that's $ 100 that I, you know, could use
- 1:33:51Speaker 10: somewhere else. Groceries, even gas in the car.
- 1:33:54Speaker 11: $ 62 to sell my car.
- 1:33:57Speaker 1: You know, let me put it this way, Jim. If
- 1:33:59Speaker 1: it was me, I wouldn't pay it, but I got
- 1:34:02Speaker 1: a backbone enough to say I would ignore all those,
- 1:34:04Speaker 1: you know, intimidating notices that they'll try to send her.
- 1:34:07Speaker 1: If you've got a backbone, what's she got to lose?
- 1:34:12Speaker 11: Nothing.
- 1:34:12Speaker 10: I do have a backbone. I usually fight for what's right,
- 1:34:16Speaker 10: and if I don't have to pay it, I won't.
- 1:34:17Speaker 17: Right.
- 1:34:18Speaker 1: How old are you, did you say?
- 1:34:20Speaker 10: I just turned 74.
- 1:34:21Speaker 1: Right. I mean, how many more years do you have
- 1:34:23Speaker 1: left anyway by the time you're close?
- 1:34:24Speaker 8: Oh, hopefully.
- 1:34:25Speaker 3: I don't know.
- 1:34:26Speaker 1: As long as I'm healthy.
- 1:34:26Speaker 16: A long time, Ron.
- 1:34:28Speaker 1: A long time. I'm just teasing. I was just teasing her.
- 1:34:33Speaker 8: One person is allowed.
- 1:34:34Speaker 10: But you're supposed to tell me I sound so young.
- 1:34:37Speaker 1: Yes, you do.
- 1:34:38Speaker 11: Okay.
- 1:34:39Speaker 1: Well, okay. So, Jim, if it was you, Attorney Melfi,
- 1:34:43Speaker 1: would you pay it?
- 1:34:44Speaker 2: No.
- 1:34:45Speaker 1: Okay. He said no.
- 1:34:47Speaker 12: Okay.
- 1:34:47Speaker 10: I can breathe a little better.
- 1:34:48Speaker 4: All right.
- 1:34:49Speaker 10: Thank you, guys.
- 1:34:49Speaker 2: All right.
- 1:34:50Speaker 1: Take your $ 100 and spend it elsewhere. I bet she's
- 1:34:52Speaker 1: got a gambling problem. What do you say? I mean,
- 1:34:56Speaker 1: you know, these people that she speeds, she's probably smoking
- 1:34:59Speaker 1: and gambling. All the vices in life.
- 1:35:01Speaker 11: What do you think she plays?
- 1:35:03Speaker 1: Blackjack? Yeah. All of that crap.
- 1:35:05Speaker 11: And Ron, only one person is allowed to practice ageism,
- 1:35:08Speaker 11: and it's me on David this show.
- 1:35:10Speaker 1: That is the best. You know what month it is, right?
- 1:35:14Speaker 1: What is it?
- 1:35:14Speaker 4: What?
- 1:35:15Speaker 23: It is like Abusive Elder Month, like Awareness Month.
- 1:35:20Speaker 16: I almost said something to David.
- 1:35:21Speaker 11: Why'd you tell me that?
- 1:35:22Speaker 23: Well, I almost said something to David this morning, but
- 1:35:24Speaker 23: I already cracked a joke at him, so I was
- 1:35:25Speaker 23: trying to be nice because I already made fun of
- 1:35:27Speaker 23: him once.
- 1:35:27Speaker 11: Did you say Disney Life Alert?
- 1:35:29Speaker 23: No, Brandon had like training and his dog. And so
- 1:35:33Speaker 23: this morning Dave was like, bandit, come sit, stay like
- 1:35:36Speaker 23: lay down.
- 1:35:37Speaker 16: And I was like, Oh my gosh. It was like
- 1:35:38Speaker 16: his training worked. I said, so when do you go
- 1:35:40Speaker 16: Dave for your training?
- 1:35:42Speaker 11: And I was going to revert right back.
- 1:35:45Speaker 16: He was actually very good this morning.
- 1:35:48Speaker 23: Dave is bragging that he was the second most smartest
- 1:35:50Speaker 23: dog in that place.
- 1:35:51Speaker 11: Your dog dogs turn into their owners.
- 1:35:54Speaker 23: I'm not disagreeing with you. I'm just saying I couldn't
- 1:35:56Speaker 23: make fun of them about the elder awareness month. Um,
- 1:35:59Speaker 23: because I already cracked a joke on him this morning.
- 1:36:01Speaker 23: I try to, like, limit it, so he's still secretly, like,
- 1:36:03Speaker 23: you know, doesn't hate me.
- 1:36:06Speaker 1: So you're still on his good side, where Melfi is
- 1:36:09Speaker 1: fearless when it comes to that, right, James?
- 1:36:10Speaker 2: Yeah.
- 1:36:11Speaker 11: Yeah, I go right after, go right for the throat.
- 1:36:13Speaker 1: Absolutely. All right, let's take another call with our attorneys.
- 1:36:18Speaker 1: You're on the air. Hello there. Hello, caller.
- 1:36:23Speaker 4: Hello.
- 1:36:23Speaker 9: Can we help you?
- 1:36:25Speaker 1: Well, I'm trying to get him to say something. Are
- 1:36:27Speaker 1: you there, or I'll put you back on hold. I'll
- 1:36:29Speaker 1: put you back on hold. All right. You're on the
- 1:36:31Speaker 1: air with our attorneys. Hello.
- 1:36:34Speaker 20: Ron, is this me?
- 1:36:35Speaker 1: Oh, for the love of God.
- 1:36:36Speaker 12: It's you.
- 1:36:37Speaker 2: Oh, my goodness.
- 1:36:38Speaker 1: It's John Wayne. Is that me?
- 1:36:40Speaker 20: Ron, can I ask you a question?
- 1:36:41Speaker 1: Yes, Dave.
- 1:36:42Speaker 20: I've got to ask you a question.
- 1:36:43Speaker 4: Yes.
- 1:36:44Speaker 16: Is it about older news?
- 1:36:44Speaker 1: You hired a lawyer to.
- 1:36:45Speaker 20: Do your case, and you just recently found out that
- 1:36:50Speaker 20: the insurance company took the dinghy as scrap and sold
- 1:36:57Speaker 20: it for $ 1, 000. and then offered me $ 1, 000. Would you
- 1:37:01Speaker 20: think that the attorney is doing a good job?
- 1:37:04Speaker 1: No, because they took your property, they sold it for $ 1, 000,
- 1:37:07Speaker 1: gave you the $ 1, 000. So no, I would think that
- 1:37:10Speaker 1: that's unacceptable. I would never accept that, David.
- 1:37:13Speaker 20: And do you think that Jimmy Melfi can move my
- 1:37:17Speaker 20: dinghy case off the back burner and just maybe make
- 1:37:21Speaker 20: a call.
- 1:37:22Speaker 19: Or two on it?
- 1:37:23Speaker 1: Well, he's very busy right now.
- 1:37:24Speaker 20: Is he just asking for too much?
- 1:37:25Speaker 1: Yeah, he's extremely busy. and he's got a lot on
- 1:37:28Speaker 1: his plate, and frankly, you're not a priority.
- 1:37:32Speaker 11: Obviously. It's an accurate summation of the situation, Ron.
- 1:37:35Speaker 1: I rest my case.
- 1:37:36Speaker 16: It's a very busy month for him.
- 1:37:39Speaker 1: Month.
- 1:37:40Speaker 20: I just wanted to know why I can't get my dinghy.
- 1:37:45Speaker 1: Well, you know, I know.
- 1:37:46Speaker 11: You have your dinghy.
- 1:37:48Speaker 1: Right.
- 1:37:49Speaker 20: Why can't you settle it? Why don't you do something
- 1:37:53Speaker 20: on it, Jimmy?
- 1:37:53Speaker 3: Yeah, Jimmy.
- 1:37:54Speaker 11: Because it'll, I mean, the greatest running case of all
- 1:37:57Speaker 11: time will come to an end, and it's going to last,
- 1:37:59Speaker 11: your dinghy will last in perpetuity, David.
- 1:38:02Speaker 1: Right. Did you get your boat in the water and
- 1:38:05Speaker 1: your boat fixed? I know people that were up at
- 1:38:07Speaker 1: Put-In-Bay that were looking for you, and they said you were.
- 1:38:09Speaker 4: Oh, he did.
- 1:38:10Speaker 11: He was grinning like a butcher's dog, Ron.
- 1:38:12Speaker 12: Really?
- 1:38:12Speaker 1: His boat's back?
- 1:38:13Speaker 4: Oh, yeah.
- 1:38:13Speaker 11: His boat's back. Yeah.
- 1:38:16Speaker 20: And I was up at Put-In-Bay. I saw a lot
- 1:38:18Speaker 20: of people from Youngstown. I'm always parked next to Topsy Turvy,
- 1:38:23Speaker 20: and there's an open invite for anyone from Youngstown.
- 1:38:26Speaker 1: Topsy Turvy is where you are parked by. And your
- 1:38:30Speaker 1: boat is fixed and back in the water, correct?
- 1:38:36Speaker 20: Relatively so. I don't have the right dinghy in there,
- 1:38:38Speaker 20: but that's on Jimmy Melfi, and you'd think he would
- 1:38:42Speaker 20: worry about the Boston boat.
- 1:38:44Speaker 1: Right, but, I mean, you have all of this paid for,
- 1:38:48Speaker 1: or your insurance company paid for it. as well as
- 1:38:52Speaker 1: Tally and Attorney Melfi. Basically, you're here to say your
- 1:38:57Speaker 1: boat is fixed and in the water again, correct?
- 1:39:01Speaker 12: Yes.
- 1:39:02Speaker 1: All right. And the insurance company hasn't paid you the
- 1:39:05Speaker 1: $ 70, 000 to fix it?
- 1:39:08Speaker 11: Correct.
- 1:39:08Speaker 2: Not yet.
- 1:39:10Speaker 1: And that was when you hit the buoy, correct?
- 1:39:15Speaker 18: The bottom of the lake.
- 1:39:18Speaker 1: When you hit what?
- 1:39:21Speaker 18: Rocks on the bottom of the lake.
- 1:39:23Speaker 1: You hit rocks. Okay.
- 1:39:25Speaker 4: Yeah.
- 1:39:26Speaker 1: Rocks good for you. All right. And in turn, it
- 1:39:29Speaker 1: caused some damage to your boat. But you blamed the
- 1:39:33Speaker 1: navigation system, not you as the skipper. Is that correct?
- 1:39:36Speaker 20: That is correct.
- 1:39:39Speaker 4: All right.
- 1:39:39Speaker 1: And did you find a flaw in the navigation system
- 1:39:43Speaker 1: at all?
- 1:39:45Speaker 18: I did.
- 1:39:46Speaker 1: All right. I still, I'm trying to figure out, when
- 1:39:49Speaker 1: you were at the helm, when you were out there
- 1:39:51Speaker 1: looking out, okay, as you're steering the boat, why didn't
- 1:39:54Speaker 1: you avoid the rocks? Why didn't you say, I'm not
- 1:39:57Speaker 1: going with what navigation says, it would be the wrong
- 1:40:00Speaker 1: direction to go?
- 1:40:02Speaker 18: Because I tapped in the boat by using the chart plotter.
- 1:40:10Speaker 20: And the chart plotter was off.
- 1:40:12Speaker 1: Okay, so if you had GPS in your car and
- 1:40:15Speaker 1: it said, keep going straight, and you saw the sign
- 1:40:18Speaker 1: that said, road closed ahead, would you keep going straight?
- 1:40:23Speaker 18: Well, you know, it's a little different on the water, Ron.
- 1:40:25Speaker 20: I hate to tell you that.
- 1:40:27Speaker 18: It's not like that on the water.
- 1:40:30Speaker 1: Oh, okay. I see. All right.
- 1:40:34Speaker 18: But more importantly, I want to know is, why Jimmy
- 1:40:38Speaker 18: Melfi cannot settle my dinghy case?
- 1:40:42Speaker 1: Melfi, when can you settle a dinghy case? I don't
- 1:40:45Speaker 1: want to.
- 1:40:45Speaker 11: He doesn't want to, Dave.
- 1:40:47Speaker 1: Because we're going.
- 1:40:48Speaker 11: To stop the greatest running case of all time. I mean, really,
- 1:40:52Speaker 11: what are we going to do with ourselves if that
- 1:40:54Speaker 11: case settles wrong?
- 1:40:55Speaker 4: Right.
- 1:40:55Speaker 1: I don't know what we would ever do. Melfi says
- 1:40:58Speaker 1: there's no end in sight to your broken dinghy. I'm
- 1:41:00Speaker 1: sorry to say.
- 1:41:01Speaker 18: Well, then I'm going to take the case off of Melfi,
- 1:41:03Speaker 18: and I'm going to give it to an attorney that
- 1:41:05Speaker 18: will actually get it done, and that's Tali Arendia.
- 1:41:08Speaker 1: Oh, yeah. She would get it done. Tali, do you
- 1:41:10Speaker 1: think you could address Dave's issue?
- 1:41:15Speaker 23: To be honest with you, my anxiety is so crazy
- 1:41:17Speaker 23: that I get done my cases very quickly.
- 1:41:20Speaker 16: So, yeah, I'd probably get it done. I'm really sorry.
- 1:41:22Speaker 9: Jimmy, don't look at me like that.
- 1:41:23Speaker 11: You settle that case.
- 1:41:25Speaker 1: She says..
- 1:41:26Speaker 11: The worst day in his life.
- 1:41:27Speaker 1: Tally says if you assign it to her, it'll probably
- 1:41:29Speaker 1: be done by the end of next week.
- 1:41:33Speaker 23: I just, listen, David, I have to do my cases
- 1:41:36Speaker 23: quickly because I'm psychotic.
- 1:41:39Speaker 11: Well, yeah, I mean, in our world, I've had two
- 1:41:41Speaker 11: kids since we started one case. David, am I meeting
- 1:41:44Speaker 11: you and Lorraine on Monday? We're not driving together, right?
- 1:41:47Speaker 2: No.
- 1:41:48Speaker 11: You don't want to drive with Dave?
- 1:41:51Speaker 18: You will meet me in the Lorraine County, I mean,
- 1:41:55Speaker 18: the Lorraine Come and please court.
- 1:41:58Speaker 2: All right.
- 1:42:01Speaker 1: Well, it sounds like you're cleaning dishes, Dave, or something.
- 1:42:05Speaker 11: Sounds like you're calling the big guns.
- 1:42:09Speaker 1: Sounds like Dave's working in the kitchen somewhere.
- 1:42:13Speaker 20: Now, what I'm trying to figure out is, after two years,
- 1:42:19Speaker 20: with Jimmy having my case, why it's not settled.
- 1:42:22Speaker 1: Well, because you won't accept $ 1, 000, right, Jim? I mean,
- 1:42:25Speaker 1: you really have a settlement. He just won't accept it.
- 1:42:28Speaker 1: It's $ 1, 000. I mean, don't you think?
- 1:42:31Speaker 16: Do you have any other legal questions, caller?
- 1:42:33Speaker 2: Yeah.
- 1:42:34Speaker 1: Is there anything else other than why he hasn't settled
- 1:42:36Speaker 1: your case? He got you $ 1, 000. How much do you
- 1:42:39Speaker 1: think he's supposed to get you?
- 1:42:40Speaker 23: $ 20, 000.
- 1:42:41Speaker 6: $ 20, 000?
- 1:42:42Speaker 2: I missed the whole season.
- 1:42:44Speaker 1: $ 20, 000. And he got you. So the difference is $ 19, 000? Yes.
- 1:42:52Speaker 1: All right. Have you ever thought, perhaps, of representing yourself?
- 1:43:01Speaker 4: No.
- 1:43:01Speaker 1: The thing is.
- 1:43:02Speaker 4: No.
- 1:43:02Speaker 1: I mean, that's the thing. Maybe you should represent.
- 1:43:06Speaker 20: Suit under the consumer's sales.
- 1:43:07Speaker 1: Are you going to be all right? Do I need
- 1:43:09Speaker 1: to call an ambulance?
- 1:43:13Speaker 16: Do you have your life alert on?
- 1:43:14Speaker 2: Jimmy doesn't know how to use.
- 1:43:16Speaker 18: The Consumer Sales Practices Act properly.
- 1:43:19Speaker 4: Uh-huh.
- 1:43:20Speaker 1: Well, then you should probably find another lawyer. Do you
- 1:43:24Speaker 1: know any other lawyers by chance?
- 1:43:27Speaker 20: Her name's Talia Rengia.
- 1:43:28Speaker 1: Well, sounds like she would be a very good attorney
- 1:43:31Speaker 1: to go with, don't you think?
- 1:43:32Speaker 11: I think it's perfect.
- 1:43:33Speaker 20: I think that's who he's going to get assigned to now.
- 1:43:36Speaker 1: Oh, that'll work out good.
- 1:43:37Speaker 16: I'm pretty sure I'm only supposed to be doing domestics.
- 1:43:39Speaker 20: Jimmy is just wasting my time now.
- 1:43:41Speaker 1: Right. Sounds to me like you've got another case against
- 1:43:44Speaker 1: your insurance company for the $ 70, 000 claim to fix your
- 1:43:49Speaker 1: boat when you hit the rocks.
- 1:43:52Speaker 3: No, it wasn't that much.
- 1:43:54Speaker 1: Oh, how much was it? Are you all right? Yeah.
- 1:43:56Speaker 11: Are you choking?
- 1:43:57Speaker 16: Did you press your life alert button?
- 1:43:59Speaker 1: Did you fall and you can't get up?
- 1:44:01Speaker 11: That's not very nice, Tally.
- 1:44:03Speaker 1: It was $ 50, 000. Oh, excuse me, $ 50, 000. Is the insurance
- 1:44:07Speaker 1: company going to pay?
- 1:44:08Speaker 11: Yeah.
- 1:44:11Speaker 1: You're sure of that?
- 1:44:13Speaker 4: Right.
- 1:44:13Speaker 1: Well, who represented you on that case? Not Jimmy. Well,
- 1:44:18Speaker 1: get that same person to represent you on a broken
- 1:44:21Speaker 1: dinghy case.
- 1:44:23Speaker 20: I'm going to have to turn it all over to
- 1:44:24Speaker 20: Tally because Jimmy's just not paying attention to the ball.
- 1:44:28Speaker 5: Right.
- 1:44:28Speaker 11: That's right. I'm more worried about your health. Do we
- 1:44:30Speaker 11: need to put you on like a pureed food diet
- 1:44:32Speaker 11: or something?
- 1:44:32Speaker 4: Right.
- 1:44:33Speaker 16: We do sound like you're choking.
- 1:44:34Speaker 2: Are you capable of.
- 1:44:34Speaker 11: Eating solid food?
- 1:44:35Speaker 1: I got something stuck in my throat, Jimmy. Okay?
- 1:44:38Speaker 2: Okay.
- 1:44:38Speaker 11: I'm just asking. I'm looking out for your well-being.
- 1:44:41Speaker 16: Dave, do you know what month it is?
- 1:44:41Speaker 6: No, you're not looking out for my well-being.
- 1:44:43Speaker 20: You've blown my case off forever.
- 1:44:45Speaker 1: Do you need Heimlich's?
- 1:44:46Speaker 23: All right, Dave, do you know what the month is,
- 1:44:48Speaker 23: the Prevention Awareness Month is? I think you'll be interested
- 1:44:52Speaker 23: to hear this.
- 1:44:53Speaker 1: Dave, do you know what month it is?
- 1:44:56Speaker 19: No.
- 1:44:56Speaker 1: What is it, Tally?
- 1:44:58Speaker 16: Prevent Elderly Abuse Month.
- 1:45:01Speaker 1: Oh, my God. I'm going nuts.
- 1:45:05Speaker 20: Jimmy has been already abusing me for two years.
- 1:45:08Speaker 11: Well, that's what I'm saying.
- 1:45:10Speaker 16: It's prevention month and awareness month, so speak out. Speak
- 1:45:15Speaker 16: your truth, Dave.
- 1:45:15Speaker 20: He really has been abusing me for two months, two years.
- 1:45:19Speaker 19: I'll get to it, Dave.
- 1:45:20Speaker 2: Oh, no problem, Dave.
- 1:45:21Speaker 20: I'm going to get on it today, Dave.
- 1:45:23Speaker 5: You know how many times I've heard that?
- 1:45:26Speaker 11: Actually, no, I don't even say that. I said you're
- 1:45:29Speaker 11: way in the back burner, brother.
- 1:45:31Speaker 1: Yeah. Just give it some time, Dave. He's very busy.
- 1:45:36Speaker 1: Your case will be coming soon. Don't you worry about
- 1:45:38Speaker 1: a thing. Well, thank you very much. I'm glad you're
- 1:45:42Speaker 1: doing okay. Tally wants to know if you've got your
- 1:45:46Speaker 1: life alert on in case you fall.
- 1:45:48Speaker 2: I do.
- 1:45:49Speaker 11: I don't think he has his teeth in or something.
- 1:45:52Speaker 16: Why are you choking so much?
- 1:45:54Speaker 2: I don't know.
- 1:45:55Speaker 20: I've got something stuck in my throat.
- 1:45:56Speaker 4: He's got me so upset.
- 1:45:58Speaker 9: How about water?
- 1:45:59Speaker 16: Adam will take that out for you. Give him a call.
- 1:46:01Speaker 16: Is it in the sky?
- 1:46:02Speaker 19: I'm going to reassign the case to you, Tally.
- 1:46:05Speaker 20: That's not what it's done.
- 1:46:07Speaker 11: Yeah, but you're going to have to open up an
- 1:46:09Speaker 11: estate because he's going to be dead by.
- 1:46:11Speaker 16: The time you do it.
- 1:46:14Speaker 2: Oh, my gosh.
- 1:46:14Speaker 11: He doesn't even have air tally.
- 1:46:18Speaker 16: I can only do domestic relations cases. I'm so sorry, Dave.
- 1:46:21Speaker 11: The poor guy can't even breathe.
- 1:46:23Speaker 1: Yeah.
- 1:46:25Speaker 16: Jimmy, you're taking his breath away.
- 1:46:26Speaker 11: I wouldn't be the first person to say that.
- 1:46:29Speaker 5: Oh, God.
- 1:46:32Speaker 20: Goodbye.
- 1:46:33Speaker 1: Goodbye. There he is.
- 1:46:34Speaker 11: Bye, Dave.
- 1:46:36Speaker 1: Tourney David, Beatrice, where he's at the top.
- 1:46:38Speaker 11: I think you should have a call for like a
- 1:46:40Speaker 11: welfare check.
- 1:46:41Speaker 1: Yeah, Topsy Turvy is where he hangs out up there
- 1:46:44Speaker 1: with his boat. But he sounded like he was choking,
- 1:46:47Speaker 1: didn't it?
- 1:46:47Speaker 16: He did sound like he was choking.
- 1:46:49Speaker 11: Like the, you know, when you see like... school, like
- 1:46:52Speaker 11: teaching the Heimlich.
- 1:46:53Speaker 1: Like purple face. Like, yeah.
- 1:46:54Speaker 4: Right.
- 1:46:55Speaker 16: I mean, I almost had to get the Heimlich in
- 1:46:56Speaker 16: the office the other day.
- 1:46:57Speaker 11: I've given the Heimlich twice.
- 1:46:58Speaker 16: You missed it. Marco was choking.
- 1:47:00Speaker 1: Really?
- 1:47:01Speaker 16: Horrible, horrible time.
- 1:47:02Speaker 12: Yeah.
- 1:47:02Speaker 11: Choking scares me.
- 1:47:03Speaker 16: It scares me too. My daughter choked and it was
- 1:47:06Speaker 16: the scariest day of my life.
- 1:47:07Speaker 1: Did you, did you do the Heimlich?
- 1:47:09Speaker 23: Uh, I'm very, very bad in anything that if there's
- 1:47:13Speaker 23: like any sort of emergency, I panic.
- 1:47:16Speaker 16: Um, so I panicked and screamed. Does anybody know the Heimlich?
- 1:47:18Speaker 1: Your husband's a doctor.
- 1:47:20Speaker 16: Well, thank God, because my daughter choked, and I, well,
- 1:47:24Speaker 16: I did. Who were you screaming for?
- 1:47:26Speaker 1: Why didn't you tell your husband, come here? She's choking.
- 1:47:30Speaker 23: Well, my husband wasn't at the office, but I'm just
- 1:47:32Speaker 23: very bad in emergencies. It's like, even my father-in-law makes
- 1:47:36Speaker 23: fun of me. He's like, you are just useless. You
- 1:47:38Speaker 23: just stand there and scream for someone, and I'm like,
- 1:47:40Speaker 23: I sure do.
- 1:47:42Speaker 1: Unbelievable you don't you see that thing on tv where
- 1:47:45Speaker 1: they you you can get it to if you're choking
- 1:47:48Speaker 1: and sucks this stuff out and all that kind of
- 1:47:50Speaker 1: stuff they're relatively inexpensive we were we were at.
- 1:47:52Speaker 23: My in-laws and he finally he was about i'm not
- 1:47:54Speaker 23: even joking he was about to tracer she was two
- 1:47:56Speaker 23: years old he was about to tracer um the ambulance
- 1:47:59Speaker 23: took like 15 minutes to get there but when he
- 1:48:01Speaker 23: finally finger swooped it the second time it got out
- 1:48:03Speaker 23: and it was a piece of cantaloupe and there was
- 1:48:05Speaker 23: blood all over it was.
- 1:48:06Speaker 1: Disgusting who who did who got it.
- 1:48:08Speaker 23: Out My husband, after the second finger swoop, because he
- 1:48:11Speaker 23: was about to take her, and he's like, I'm going
- 1:48:12Speaker 23: to try it one more time because she was turning purple.
- 1:48:14Speaker 11: It was horrible.
- 1:48:15Speaker 1: Boy, that is terrible. But he didn't panic. He's a doctor.
- 1:48:19Speaker 2: See?
- 1:48:19Speaker 16: Oh, he panicked.
- 1:48:21Speaker 1: Because it was his own child, right?
- 1:48:23Speaker 11: Yeah.
- 1:48:24Speaker 23: He had a lead on the floor, like on his
- 1:48:25Speaker 23: back after and like calmed down. He almost passed out.
- 1:48:28Speaker 23: He's like, it's really different when it's your own kid.
- 1:48:30Speaker 23: But he'll do like CPR on like a stranger for
- 1:48:32Speaker 23: like four hours.
- 1:48:33Speaker 16: It's kind of crazy.
- 1:48:34Speaker 5: Mm-hmm.
- 1:48:35Speaker 1: Well, isn't that interesting? Okay. Tally, I'm sorry, but you're
- 1:48:38Speaker 1: going to probably get that case. And God, I pray
- 1:48:40Speaker 1: for you. I really do. Melfi, you should be rejoicing
- 1:48:43Speaker 1: to get that off your agenda.
- 1:48:47Speaker 23: I should ask Brian to tell me that I'm not
- 1:48:51Speaker 23: allowed to take that case.
- 1:48:52Speaker 1: Melfi had the best line of the whole program. What
- 1:48:56Speaker 1: was it, Will, about his estate or something like you said? Yeah.
- 1:49:00Speaker 11: I said he's going to have to force open his
- 1:49:02Speaker 11: estate because he's going to be.
- 1:49:03Speaker 1: Gone by the time he's checking.
- 1:49:06Speaker 4: Yeah. All right.
- 1:49:07Speaker 9: You're on the air.
- 1:49:08Speaker 1: Hello.
- 1:49:09Speaker 2: Hello?
- 1:49:10Speaker 4: Yes.
- 1:49:11Speaker 1: Legal show. Go ahead with your question, please.
- 1:49:13Speaker 8: Well, I'm just a little upset with your attorneys. You know, everybody,
- 1:49:17Speaker 8: we always talk about taking responsibility. It happened to me.
- 1:49:21Speaker 8: I was evidently distracted. I was going over to see them.
- 1:49:25Speaker 8: They got a ticket. They had my picture. I paid
- 1:49:28Speaker 8: the ticket. They caught me. So why do you say, oh,
- 1:49:32Speaker 8: if you can get away with it, just ignore it?
- 1:49:34Speaker 8: I think that's horrible.
- 1:49:35Speaker 1: All right.
- 1:49:37Speaker 8: Just follow down the line. And the other thing with you,
- 1:49:40Speaker 8: I wish you'd stop using.
- 1:49:41Speaker 4: All right.
- 1:49:42Speaker 1: You're on the air. Hello.
- 1:49:44Speaker 4: Good evening, all.
- 1:49:45Speaker 2: Yeah.
- 1:49:46Speaker 12: I was just going with questions whether or not I
- 1:49:48Speaker 12: may or may not have recourse into a situation that
- 1:49:51Speaker 12: I'm currently dealing with. What we have is I've had
- 1:49:54Speaker 12: a healthcare insurance company for decades, and I've been retired
- 1:49:58Speaker 12: for a few years, and I just recently, and I'm
- 1:50:00Speaker 12: still in my initial enrollment period for Medicare Part A
- 1:50:03Speaker 12: and B, and the insurance company that I've had for
- 1:50:06Speaker 12: decades ultimately contacted their third party. That third party contacted
- 1:50:11Speaker 12: me at 1.30 in the morning saying, On this past holiday,
- 1:50:14Speaker 12: on a Sunday, informing me I no longer have health
- 1:50:16Speaker 12: care coverage.
- 1:50:16Speaker 4: And it's clear.
- 1:50:18Speaker 12: That's what the language states. So now we go through
- 1:50:20Speaker 12: the holiday. Turns out I spend all these hours on
- 1:50:22Speaker 12: the phone playing phone charades, trying to figure out what's
- 1:50:24Speaker 12: going on. Do I have health care coverage? Where's Part B?
- 1:50:28Speaker 12: So what ends up happening is it ends up costing
- 1:50:30Speaker 12: me a little under $ 500 because I had to sign
- 1:50:34Speaker 12: up for Medicare Part B premature. And the insurance company,
- 1:50:38Speaker 12: the main, it's a national insurance company. We all know
- 1:50:40Speaker 12: who it is. They subsequently contacted their third party. The
- 1:50:45Speaker 12: third party reached out to me with this letter, and
- 1:50:47Speaker 12: neither one of them went to take responsibility for what
- 1:50:50Speaker 12: I'm out now. I'm out 15, 20 hours of working
- 1:50:53Speaker 12: on this and just under $ 500 because I had to
- 1:50:56Speaker 12: sign a premature for Medicare Part B for just under $ 500.
- 1:51:01Speaker 12: And they're telling me, hey, it's terrible to be you.
- 1:51:04Speaker 2: That's where I'm at.
- 1:51:05Speaker 1: Is there any request? Why did they terminate you? Why
- 1:51:07Speaker 1: did they terminate you? All right, listen to the attorney
- 1:51:09Speaker 1: and answer his questions.
- 1:51:10Speaker 11: Why did they terminate? Your health coverage.
- 1:51:12Speaker 4: They won't answer.
- 1:51:14Speaker 12: The only thing I got today is that I was
- 1:51:17Speaker 12: signed up for a rebate, which is the third party,
- 1:51:20Speaker 12: which I never signed up for, never contacted, don't even
- 1:51:23Speaker 12: know who they are.
- 1:51:24Speaker 1: How old are you?
- 1:51:26Speaker 2: I just turned 65.
- 1:51:28Speaker 1: And who do you have your insurance through, your employer?
- 1:51:32Speaker 12: I separated with my employment insurance about four years ago.
- 1:51:36Speaker 3: Yes, and it's a national..
- 1:51:38Speaker 12: It's one of the bigger ones that are out there.
- 1:51:39Speaker 12: It's one everybody knows.
- 1:51:40Speaker 1: You separate with your employer, and what did you do?
- 1:51:42Speaker 1: Pay for it on your own then?
- 1:51:45Speaker 11: Correct.
- 1:51:46Speaker 12: And I turned 65, which puts me into Medicare, all
- 1:51:49Speaker 12: well and good. Medicare Part A picks up. I didn't
- 1:51:53Speaker 12: do anything like that. When I separated, my health care
- 1:51:56Speaker 12: carried over. I wasn't required to have Part B, so
- 1:51:59Speaker 12: I had to get that solidified, predicated to law actions
- 1:52:01Speaker 12: that occurred in 22 under the previous administrations.
- 1:52:04Speaker 3: We can go there another day, Ron.
- 1:52:05Speaker 12: So that being said, I get this letter from this
- 1:52:08Speaker 12: third party saying that you no longer have coverage. And
- 1:52:13Speaker 12: both parties are blaming it on one another. And I
- 1:52:16Speaker 12: had them on a conference call, and we're all recording,
- 1:52:18Speaker 12: and it's clear as a day what the letter says
- 1:52:20Speaker 12: and what they're both saying. They're telling me it stinks
- 1:52:21Speaker 12: to be you. And I'm out just under 500 hours
- 1:52:24Speaker 12: and all this time trying to figure where I'm at.
- 1:52:27Speaker 12: Do I have any kind of recourse for this to
- 1:52:29Speaker 12: cover my cost? I wasn't entitled to sign up for
- 1:52:31Speaker 12: Part B until July 1st. The suggestion I got from
- 1:52:36Speaker 12: the Social Security office, where you have to sign up,
- 1:52:38Speaker 12: which I physically went and did personally, so it's first-hand information,
- 1:52:42Speaker 12: that you might as well just sign up now so
- 1:52:44Speaker 12: that you have coverage, because I had to postpone getting
- 1:52:46Speaker 12: looked at because we had an injury situation, and I waited,
- 1:52:50Speaker 12: and here we are.
- 1:52:50Speaker 1: I still don't... I didn't.
- 1:52:51Speaker 12: Even find out until today, and this is, what, two
- 1:52:53Speaker 12: weeks now, that whether I even have health care coverage,
- 1:52:55Speaker 12: whether it's primary or secondary, I can't get no information,
- 1:53:00Speaker 12: and neither side of the national... health care insurance agency,
- 1:53:06Speaker 12: and their elected third party, who is the one that
- 1:53:11Speaker 12: generated the language. It's been proven on a three-way call.
- 1:53:15Speaker 12: They are technically negligent, but they won't admit it, but
- 1:53:17Speaker 12: they're the ones that wrote the letter, and the letter's clear.
- 1:53:19Speaker 2: It's clear as day.
- 1:53:20Speaker 12: I do no longer have insurance, and it's retroactive two months.
- 1:53:26Speaker 11: I still don't know why they terminated you. Me either.
- 1:53:29Speaker 2: That's what I'm saying.
- 1:53:31Speaker 11: So you need to find out why, and perhaps you're fucked.
- 1:53:34Speaker 11: Perhaps your 500, you could maybe have some recourse for
- 1:53:39Speaker 11: your time. I'm sorry, but.
- 1:53:43Speaker 1: Probably not.
- 1:53:47Speaker 12: If I were to look at it, how do I
- 1:53:49Speaker 12: look at it?
- 1:53:51Speaker 11: Well, first you need to ask them, why was my
- 1:53:55Speaker 11: coverage terminated? If they had a valid reason, then you
- 1:53:57Speaker 11: have no recourse. But it kind of stinks to be used,
- 1:54:01Speaker 11: not an answer. You need a clear answer as to
- 1:54:03Speaker 11: why it was terminated.
- 1:54:05Speaker 16: Yeah.
- 1:54:07Speaker 12: The third party stated they will not render me that information.
- 1:54:10Speaker 12: The third party clearly stated that with the National Insurance
- 1:54:13Speaker 12: Company in the conference call. It clearly stated we don't
- 1:54:16Speaker 12: release that information. And it's proven that even the big
- 1:54:21Speaker 12: insurance company even stated that the secondary stated, wrote the
- 1:54:24Speaker 12: letter and sent it. And I'm stuck at that point.
- 1:54:27Speaker 12: And so where do I go with this? I can't even,
- 1:54:29Speaker 12: I mean, what do I do?
- 1:54:31Speaker 11: Did they give you an answer as to why they
- 1:54:32Speaker 11: don't release the information?
- 1:54:35Speaker 4: Nope.
- 1:54:35Speaker 2: Wouldn't answer it.
- 1:54:36Speaker 11: Did you ask why?
- 1:54:37Speaker 4: We won't record it.
- 1:54:41Speaker 1: Why didn't you take Part B when you turned 65?
- 1:54:45Speaker 12: I'll get long-winded. What occurred is, like I stated a
- 1:54:48Speaker 12: moment ago, when I separated, I left under a contract
- 1:54:51Speaker 12: that I can carry my insurance. I didn't need Part B.
- 1:54:54Speaker 12: And subsequently, what occurred... I don't want to get into
- 1:54:57Speaker 12: all the politics side of it. What occurred in 22,
- 1:54:58Speaker 12: which is... post my retirement. I'd already been retired. What
- 1:55:02Speaker 12: they did was they confiscated the retirement side of the
- 1:55:05Speaker 12: healthcare of my retirement side and moved it into a
- 1:55:08Speaker 12: government fund. We can leave it there. And so what
- 1:55:11Speaker 12: subsequently I had to find out terminology, why am I
- 1:55:13Speaker 12: being told that I have to take part B, which
- 1:55:16Speaker 12: I don't, I literally at this conversation don't, but what
- 1:55:19Speaker 12: I needed to do was look into it and go
- 1:55:21Speaker 12: through all this government agency to find out where I
- 1:55:23Speaker 12: lay and where it comes down to is if I
- 1:55:26Speaker 12: don't take part B, I get hit with a 10% penalty.
- 1:55:28Speaker 12: And if I give up the insurance that I took
- 1:55:30Speaker 12: from my employment, I can never get it back. So
- 1:55:33Speaker 12: then we get into primary and secondary insurance. With that
- 1:55:36Speaker 12: being the mindset, I've been trying to figure out where
- 1:55:39Speaker 12: does this lie? I couldn't even get a definitive answer
- 1:55:41Speaker 12: as to where even that lays. Now, today I find
- 1:55:43Speaker 12: out that my insurance company that I've had for years,
- 1:55:46Speaker 12: which is unnationally known, everybody knows who it is, they're
- 1:55:50Speaker 12: saying that you have at least health care coverage because
- 1:55:52Speaker 12: I need to get looked at because I've got an
- 1:55:54Speaker 12: internal injury that I need to really get remedied. So
- 1:55:56Speaker 12: I got MRIs requested. I pay for the office visit,
- 1:56:00Speaker 12: and there I stand. My question is this.
- 1:56:04Speaker 1: Can you pause for one minute? Pause for one minute.
- 1:56:07Speaker 1: And then I've got to move along here. Just to
- 1:56:11Speaker 1: answer real quickly, you're on Medicare Part A, correct? Standard Medicare,
- 1:56:16Speaker 1: yes or no? All right. Here's what I tell you.
- 1:56:19Speaker 1: This has nothing to do with the legal show. You
- 1:56:22Speaker 1: know what? You need to be on standard Medicare because
- 1:56:25Speaker 1: if you're not Medicare Advantage, if you're on standard Medicare,
- 1:56:27Speaker 1: you don't have to get any pre-approvals or you're not
- 1:56:30Speaker 1: on any PPOs or HMOs, okay, if you get on
- 1:56:33Speaker 1: standard Medicare. You follow me? I do follow you. Okay,
- 1:56:36Speaker 1: now listen to me. If you're 65, you get on
- 1:56:39Speaker 1: standard Medicare. You get a supplement, which is Plan B,
- 1:56:44Speaker 1: and you shop for supplements, and you want to plan–
- 1:56:47Speaker 1: That's part B, I should say, and you want a
- 1:56:50Speaker 1: plan G supplement. What is plan G? It means it
- 1:56:55Speaker 1: covers all your other expenses. Your total deductible will be
- 1:57:00Speaker 1: $ 275 for the year if you get standard Medicare and
- 1:57:01Speaker 1: you take part B and you get plan G. You
- 1:57:09Speaker 1: understand me? So you know what the cost of Medicare is,
- 1:57:12Speaker 1: about $ 200- something a month that comes out of your Social Security.
- 1:57:16Speaker 1: That's not accurate. Well, no, that is what it costs.
- 1:57:20Speaker 4: No, it's not.
- 1:57:20Speaker 12: The reason I say that is because I had to
- 1:57:23Speaker 12: move money around when I retired, and it's showing as income.
- 1:57:27Speaker 12: That's why I'm at the $ 500.
- 1:57:28Speaker 1: Well, that's right. I understand the supplement. What I'm getting
- 1:57:31Speaker 1: at is— It shows income because you're over the limit. Listen,
- 1:57:37Speaker 1: I've got to move along. I understand that the IRMA
- 1:57:41Speaker 1: has affected you because of your retirement funds. There's no
- 1:57:44Speaker 1: getting around that. All I'm saying to you is get
- 1:57:47Speaker 1: Plan G, pay what that's through an individual company that
- 1:57:52Speaker 1: covers your deductible, and then move on with your life. Okay?
- 1:57:57Speaker 12: One final thought, Ron. One final thought.
- 1:58:00Speaker 1: I know all this.
- 1:58:01Speaker 12: What I'm saying is I had the Social Security for Medicare.
- 1:58:06Speaker 12: fill out my paperwork to be rendered by June 30th
- 1:58:09Speaker 12: of this year. I subsequently had to put it in
- 1:58:11Speaker 12: in May, this past May.
- 1:58:15Speaker 1: When did you turn 65? When did you turn 65?
- 1:58:17Speaker 1: When did you turn 65?
- 1:58:21Speaker 12: March of this year, which gives me seven months.
- 1:58:23Speaker 1: That's July the 1st is my deadline. I tell you what,
- 1:58:27Speaker 1: deal with the Social Security Administration. I mean, you're going
- 1:58:30Speaker 1: to go around and around. I understand, Irma, your income
- 1:58:33Speaker 1: was too high. That's the penalty that you pay. I
- 1:58:37Speaker 1: also can't figure out why you wouldn't go on Socialist
- 1:58:40Speaker 1: Medicare Part A, Part B, and pay for a Plan G.
- 1:58:45Speaker 1: It's a great plan. Your total expense.
- 1:58:47Speaker 12: That's not the question.
- 1:58:49Speaker 1: All right.
- 1:58:49Speaker 12: I'm not trying to be argumentative with.
- 1:58:52Speaker 11: You, Ron.
- 1:58:52Speaker 1: No, you are being argumentative. They can't answer your question
- 1:58:55Speaker 1: as to why you can't tell the attorneys why they
- 1:58:58Speaker 1: canceled your policy. How do you want them to answer
- 1:59:01Speaker 1: your question then?
- 1:59:02Speaker 12: Who wrote the letter, and why did they send it?
- 1:59:04Speaker 1: I can't get that. How would they know? They're sitting
- 1:59:07Speaker 1: in an illegal office. All right, thanks. I mean, is
- 1:59:11Speaker 1: there anywhere else we can go with that, guys? I mean,
- 1:59:13Speaker 1: I don't get it.
- 1:59:14Speaker 4: No.
- 1:59:15Speaker 17: Right.
- 1:59:15Speaker 11: Maybe you should lecture on Medicare, though, Ron.
- 1:59:18Speaker 1: I understand.
- 1:59:19Speaker 11: That was well done. That was well done.
- 1:59:21Speaker 1: I've done so many programs over the years on Medicare.
- 1:59:25Speaker 1: And the guy just simply should have went on straight
- 1:59:27Speaker 1: Medicare when he turned 65. Got standard Medicare, not Medicare Advantage.
- 1:59:32Speaker 1: Should have got the Plan B and should have got
- 1:59:40Speaker 1: Part B and Plan G. And he pays $ 275. That's
- 1:59:44Speaker 1: your maximum deductible plus the cost monthly for Medicare and
- 1:59:49Speaker 1: the Plan B. Playing part B part. I don't know
- 1:59:53Speaker 1: why he doesn't do that.
- 1:59:56Speaker 16: When I sign up, I'm going to come to you
- 1:59:58Speaker 16: for advice, Ron.
- 1:59:59Speaker 1: I hope I'm around to help you. I would be honored.
- 2:00:01Speaker 1: You're on the air. Caller, hello. Line one.
- 2:00:05Speaker 24: Yes.
- 2:00:07Speaker 10: I have a question.
- 2:00:09Speaker 17: I'm an executor on my brother's estate, and we have
- 2:00:14Speaker 17: gotten rid of everything except his house, and we have
- 2:00:18Speaker 17: a realtor selling it. But my problem is the next-door
- 2:00:22Speaker 17: neighbor has harassed everybody that's looked at the house.
- 2:00:26Speaker 20: Oh, my.
- 2:00:27Speaker 17: And, like, there's a trespassing thing that we went to
- 2:00:32Speaker 17: court with just this past week. But they just held
- 2:00:37Speaker 17: it over because she got a lawyer. Anyhow, she videotapes
- 2:00:42Speaker 17: people that come with the realtor. She videotapes their car,
- 2:00:49Speaker 17: their license, their house, their person, and their children. And
- 2:00:55Speaker 17: it kills our sale of being able to sell this home.
- 2:01:00Speaker 1: What a lunatic neighbor.
- 2:01:03Speaker 16: Have you tried talking to her?
- 2:01:05Speaker 17: Yes, and then I said, if you want to buy
- 2:01:08Speaker 17: it and stuff, you know, because apparently she doesn't want
- 2:01:12Speaker 17: a neighbor, but she's done the same thing to the
- 2:01:15Speaker 17: neighbor on the other side of her, and she's already
- 2:01:20Speaker 17: on probation, but they... Haven't done anything to her.
- 2:01:25Speaker 9: Did you go to court for a criminal case for her?
- 2:01:28Speaker 17: Neither one of us are able to sell our house
- 2:01:31Speaker 17: because of her with the videotaping. And then she parks
- 2:01:34Speaker 17: her car right up against the kitchen, the drive that
- 2:01:38Speaker 17: goes over to the kitchen. And they say, oh, that's
- 2:01:42Speaker 17: a thorough road and stuff. The police doesn't want to help.
- 2:01:45Speaker 4: All right.
- 2:01:46Speaker 1: Listen to what Attorney Melfi is going to talk to
- 2:01:47Speaker 1: you about.
- 2:01:48Speaker 11: He said you just went to court for trespassing. Is
- 2:01:50Speaker 11: she charged criminally?
- 2:01:53Speaker 17: Well, we went before the judge, and they're giving the
- 2:01:59Speaker 17: second hearing and stuff.
- 2:02:00Speaker 2: What judge, ma'am?
- 2:02:01Speaker 13: I think she wants to trial.
- 2:02:03Speaker 11: What judge, honey?
- 2:02:04Speaker 17: Because she already has this on her record, and.
- 2:02:06Speaker 2: It didn't work the first time.
- 2:02:07Speaker 1: Please, answer the attorney's question.
- 2:02:10Speaker 11: What court did you go to?
- 2:02:11Speaker 16: What court, honey?
- 2:02:12Speaker 17: Camel.
- 2:02:13Speaker 16: Camel, okay. Was it municipal or was it civil?
- 2:02:17Speaker 2: I don't know.
- 2:02:19Speaker 16: Do you know what division?
- 2:02:21Speaker 17: It was just Mark.
- 2:02:22Speaker 16: What judge?
- 2:02:24Speaker 2: Pardon me?
- 2:02:25Speaker 17: The judge is Mark. Oh, gosh, I'm drawing a blank
- 2:02:29Speaker 17: right now.
- 2:02:31Speaker 2: He wouldn't let me.
- 2:02:32Speaker 17: Speak even though I was subpoenaed to go because I
- 2:02:35Speaker 17: spoke with the prosecutor.
- 2:02:36Speaker 11: Okay, so then it's a criminal case.
- 2:02:38Speaker 16: Yeah, prosecutor, so it's a criminal case.
- 2:02:40Speaker 11: Okay, so you spoke with the prosecutor. So you have
- 2:02:45Speaker 11: a criminal case. So I'm sure there's something in the
- 2:02:47Speaker 11: order that she can't continue to harass you. While the
- 2:02:52Speaker 11: case is pending, so she's already on probation.
- 2:02:55Speaker 17: She's still doing it, though. I mean, just somebody was
- 2:02:57Speaker 17: seeing it yesterday.
- 2:03:00Speaker 1: Okay, listen to what the attorney is saying, please.
- 2:03:02Speaker 11: What I would tell you is I wouldn't call the
- 2:03:04Speaker 11: police to come out. I would go make a police report.
- 2:03:08Speaker 16: Every single time.
- 2:03:09Speaker 17: We have made police reports because she has killed the
- 2:03:13Speaker 17: grass on the property and the shrubs and stuff, and
- 2:03:16Speaker 17: then we had it surveyed, and she had put a
- 2:03:20Speaker 17: fence on it, and it was on our property.
- 2:03:22Speaker 2: Well, that's not a job for the prosecutor, but if.
- 2:03:28Speaker 11: She's harassing you and harassing potential buyers, and next time
- 2:03:32Speaker 11: you go to court, bring that to the prosecutor's attention.
- 2:03:35Speaker 11: Anything with a fence would be civil. I mean, is
- 2:03:39Speaker 11: she intentionally killing your grass?
- 2:03:41Speaker 1: Yes, yes.
- 2:03:42Speaker 17: She said it was her property.
- 2:03:44Speaker 1: Okay, I need you to listen to the attorney. I've
- 2:03:46Speaker 1: got about a minute left.
- 2:03:47Speaker 11: How is she killing your grass, ma'am?
- 2:03:49Speaker 17: Well, she put some kind of, I don't know if
- 2:03:51Speaker 17: it's Roundup, but whatever kills it and the shrubs and
- 2:03:53Speaker 17: all that stuff, that it's two to three feet, the
- 2:03:56Speaker 17: whole length of the property.
- 2:03:57Speaker 2: And my brother's house is on a corner.
- 2:03:59Speaker 17: Lot, and she's the only neighbor on that side. and
- 2:04:03Speaker 17: then the other neighbor on the other side of her
- 2:04:06Speaker 17: has gone through this where she called 911 calls on him,
- 2:04:09Speaker 17: and she's already on probation with that.
- 2:04:12Speaker 1: Why don't you get a lawyer?
- 2:04:14Speaker 11: Make police reports, and next time you go to court
- 2:04:17Speaker 11: because you'll be subpoenaed, bring it to the prosecutor's attention.
- 2:04:21Speaker 17: I did have 23 pages of police reports and stuff
- 2:04:25Speaker 17: that we have made, and there is an order that
- 2:04:29Speaker 17: if she comes on the property, she'll be fined $ 1, 500.
- 2:04:33Speaker 17: But she does all this videotaping and all that stuff
- 2:04:36Speaker 17: from the road, and since she parks her car right
- 2:04:38Speaker 17: out by the.
- 2:04:38Speaker 2: Kitchen, she can take it from the pictures of them.
- 2:04:41Speaker 1: Should she get a lawyer, guys, or not?
- 2:04:44Speaker 16: I mean, she can talk to the prosecutor.
- 2:04:50Speaker 13: From ABC News, I'm Michelle Franzen. After weeks of stalled
- 2:04:54Speaker 13: talks between the U.S. and Iran, President Trump announcing a
- 2:04:57Speaker 13: final deal is close, he says, and could be signed
- 2:05:00Speaker 13: as early as this weekend. ABC's Louis Martinez says the
- 2:05:03Speaker 13: president called off his threat to carry out new military
- 2:05:06Speaker 13: strikes tonight and says Iran has been taking a pounding.
- 2:05:08Speaker 11: What does he mean by a pounding?
- 2:05:09Speaker 24: Well, he's talking about the airstrikes we saw last night.
- 2:05:12Speaker 24: And there was a lot of telegraphing about these airstrikes.
- 2:05:14Speaker 24: You normally don't hear in advance that the United States
- 2:05:17Speaker 24: is going to be carrying out military action. But you
- 2:05:19Speaker 24: heard both the president and Defense Secretary Hexeth talking about
- 2:05:22Speaker 24: these actions taking place and that there was a rationale
- 2:05:25Speaker 24: for them, which was to get Iran towards moving along
- 2:05:28Speaker 24: with the talks that have been stalled for weeks.
- 2:05:31Speaker 13: Stocks surging and oil prices fell on hopes of a
- 2:05:34Speaker 13: possible peace deal. The president has nominated former SEC chair
- 2:05:39Speaker 13: and current U.S. attorney Jay Clayton to be the next
- 2:05:41Speaker 13: director of national intelligence. Bill Pulte, tapped as acting DNI director,
- 2:05:46Speaker 13: is receiving bipartisan pushback. including failed votes today to extend
- 2:05:51Speaker 13: FISA's critical surveillance tools set to expire tomorrow. Here's ABC's
- 2:05:55Speaker 13: Catherine Foulders.
- 2:05:55Speaker 16: Of course, the House and the Senate have both left,
- 2:05:57Speaker 16: so we'll have to see.
- 2:05:58Speaker 15: But what's very clear about this is this is Trump
- 2:06:01Speaker 15: and the White House understanding that FISA wasn't going to
- 2:06:05Speaker 15: get through by the end of the week, and that
- 2:06:08Speaker 15: even though Trump was saying that Bill Pulte would serve
- 2:06:11Speaker 15: in an acting role, that really wasn't going to do
- 2:06:14Speaker 15: him any favors on Capitol Hill. He needed to make
- 2:06:16Speaker 15: a decision, and he needed to make a decision on
- 2:06:18Speaker 15: this quickly.
- 2:06:19Speaker 13: At the Pentagon today, a partial lockdown earlier has been lifted.
- 2:06:22Speaker 13: Has Matt Cruz responding to a potential air quality incident
- 2:06:26Speaker 13: at the facility? That issue triggered by sensors. The Pentagon
- 2:06:31Speaker 13: says tests determined it was a false alarm. The World
- 2:06:34Speaker 13: Cup officially underway. Mexico beating South Africa in the first
- 2:06:38Speaker 13: match today in Mexico City. Tomorrow night, the first U.S.-hosted
- 2:06:42Speaker 13: match takes place in Los Angeles, the U.S. taking on Paraguay.
- 2:06:46Speaker 13: You're listening to ABC News.
- 2:06:50Speaker 1: Well, it's Thursday edition 606 of Money Talks with John
- 2:06:54Speaker 1: Arnold on NewsRadio 570. We bring John on board, and
- 2:06:58Speaker 1: there is plenty to talk about tonight, John, to say
- 2:07:01Speaker 1: the least. Big, big day on the market. Big up
- 2:07:05Speaker 1: day on the market. First, let's get some analysis of
- 2:07:08Speaker 1: the market, the economy, and the Trump effect and everything else.
- 2:07:14Speaker 1: I don't know if we have enough time to cover
- 2:07:17Speaker 1: all of that.
- 2:07:19Speaker 2: Yeah, it starts with volatility, as we've talked about. I
- 2:07:22Speaker 2: know that if I'm sick of talking about it, I
- 2:07:25Speaker 2: know you and the audience are sick of talking about it,
- 2:07:27Speaker 2: so I don't know what else to say other than
- 2:07:29Speaker 2: the truth. Trump and volatility equal each other. And I
- 2:07:34Speaker 2: never see anything like it, which is something he always
- 2:07:36Speaker 2: says ironically. But I've really not seen a president talk
- 2:07:40Speaker 2: and literally make two sentences and literally change the direction
- 2:07:43Speaker 2: of the market within the day or within the week,
- 2:07:46Speaker 2: and he does that. I don't know that somewhat Donald
- 2:07:49Speaker 2: Trump and social media, because that didn't really exist in
- 2:07:53Speaker 2: the Reagan years and the Clinton years, but I do
- 2:07:55Speaker 2: know he does it. And with the social media, it
- 2:07:58Speaker 2: will change direction on the market within milliseconds.
- 2:08:01Speaker 1: And it's both bad and good.
- 2:08:02Speaker 2: It's good for guys like me. I love making, you know,
- 2:08:04Speaker 2: if you can catch me and you hit, you know,
- 2:08:06Speaker 2: in the eight 30, eight 70 year, and it goes
- 2:08:08Speaker 2: up to nine 90 in two days. Uh, that's good
- 2:08:11Speaker 2: for me. But if, if, if you're somebody that's like
- 2:08:14Speaker 2: on the rock party and you're trying to manage wealth
- 2:08:16Speaker 2: for people retiring, uh, That's really fearful and disheartening. So
- 2:08:19Speaker 2: it really drives the average investor crazy, probably the average
- 2:08:24Speaker 2: investment advisor crazy, because they're just trying to make sense
- 2:08:26Speaker 2: of it. For guys like me that are managing trading
- 2:08:29Speaker 2: stuff all day within the market, it's great. But, you know,
- 2:08:34Speaker 2: it's volatility in Trump, and the Trump effect is good
- 2:08:37Speaker 2: and bad.
- 2:08:38Speaker 3: For both sides of the party.
- 2:08:40Speaker 1: We're just going to have to wait and see to
- 2:08:42Speaker 1: see if, first and foremost, if this materializes. We've been
- 2:08:49Speaker 1: told so many times we're close to a deal, and
- 2:08:52Speaker 1: we're told it again this time. And the market has
- 2:08:57Speaker 1: reacted most of the time when he says this kind
- 2:09:00Speaker 1: of stuff, right?
- 2:09:02Speaker 2: Yeah, and I thought, you know, J.D., I talked about
- 2:09:06Speaker 2: this a couple of weeks ago when J.D. Vance was
- 2:09:08Speaker 2: on television recently. I couldn't be on the podcast maybe
- 2:09:10Speaker 2: with you, but he openly said, I'm very, very, very
- 2:09:14Speaker 2: confident that, you know, oil prices are going to come
- 2:09:17Speaker 2: down this summer. And sure enough, literally that next few days,
- 2:09:20Speaker 2: they started drastically come down and it was kind of
- 2:09:23Speaker 2: like a handshake agreement on the table. Then Iran was
- 2:09:26Speaker 2: living up to their end.
- 2:09:26Speaker 11: U.S.
- 2:09:27Speaker 2: Was kind of living up to their art, to theirs.
- 2:09:30Speaker 2: And then I think Israel, you know, kind of kicked
- 2:09:33Speaker 2: the can off the lid again and started attacking Lebanon
- 2:09:36Speaker 2: and Trump and Israel got in a fight and, Iran
- 2:09:38Speaker 2: didn't really give you, you know what, and start attacking us.
- 2:09:41Speaker 2: So you can't just start, you know, blasting our allies,
- 2:09:44Speaker 2: et cetera, because they consider Israel the same as the
- 2:09:46Speaker 2: United States. So I do see their point. They look
- 2:09:50Speaker 2: at it like we're breaking the truce. We look at
- 2:09:51Speaker 2: it like they're breaking the truce. But at the end
- 2:09:54Speaker 2: of the day, you know, Trump has probably said a
- 2:09:56Speaker 2: billion times now that this thing's coming to an end.
- 2:09:58Speaker 2: We're on the corner from a ink in a deal.
- 2:10:00Speaker 2: And it never happens.
- 2:10:01Speaker 3: And so he's.
- 2:10:03Speaker 2: Cried wolf so much that You know, even people like
- 2:10:05Speaker 2: me that support him, it's hard to believe in anything
- 2:10:08Speaker 2: they say. And it's frustrating because he has so many
- 2:10:12Speaker 2: great policies, and I think he's taking us back in
- 2:10:15Speaker 2: the right direction. But stuff like this really affects the
- 2:10:18Speaker 2: market and affects the voters.
- 2:10:20Speaker 1: Right. So needless to say, by him saying what he
- 2:10:25Speaker 1: said today and by taking this Trump cancels the Iran
- 2:10:30Speaker 1: strike scheduled for this evening and by doing that, and
- 2:10:33Speaker 1: then claiming that a deal is near, the market goes
- 2:10:38Speaker 1: up huge today, absolutely huge. So you're operating now your
- 2:10:44Speaker 1: hedge funds. And when you guys are dealing from a
- 2:10:48Speaker 1: hedge fund standpoint, this type of day is a good
- 2:10:54Speaker 1: day then, is it not?
- 2:10:57Speaker 2: It's a nice one day because– If I can get, like...
- 2:11:00Speaker 2: I'm going to throw, like, some free data out there.
- 2:11:02Speaker 2: If I can get MU, which is Micron, at such
- 2:11:05Speaker 2: a discount, and NASA, which is a space technology stock,
- 2:11:10Speaker 2: and even, like, let's just throw something that everybody knows
- 2:11:13Speaker 2: out there, SPY, which is SP for 100.
- 2:11:15Speaker 3: If I can get that, you know, ridiculous.
- 2:11:18Speaker 2: Discount, that to me is like going to Giant Eagle
- 2:11:21Speaker 2: with 50% off coupons and buying groceries.
- 2:11:24Speaker 12: So..
- 2:11:25Speaker 2: It's a no brainer for.
- 2:11:26Speaker 3: A guy like me.
- 2:11:26Speaker 2: And, and, and yeah, I mean, I, I, uh, you know,
- 2:11:30Speaker 2: obviously I didn't give the whole kit and caboodle, but
- 2:11:32Speaker 2: I did give you, you know, some, some pretty pointed things.
- 2:11:35Speaker 3: If you were to do your research, like.
- 2:11:37Speaker 2: It was pretty easy for somebody who knows how to
- 2:11:38Speaker 2: manage money to make some money on those pullbacks. Again,
- 2:11:42Speaker 2: what I feel bad is for the people who don't
- 2:11:44Speaker 2: know how to manage money or the average investment person
- 2:11:47Speaker 2: that looks at the 401k a couple of times a month,
- 2:11:50Speaker 2: which is all they should. And they say, Holy, you know,
- 2:11:53Speaker 2: Holy crap. you know, 5% loss in a week. And
- 2:11:57Speaker 2: it's a drastic over-the-cliff drop. So, you know, again, good
- 2:12:02Speaker 2: for hedge fund traders and money managers, terrible for people
- 2:12:05Speaker 2: that are normal and that are not doing that.
- 2:12:08Speaker 1: But one thing you've got to say, though, even if
- 2:12:10Speaker 1: you saw just the normal investor, if you saw things
- 2:12:14Speaker 1: go down or the market go down, the upside is
- 2:12:18Speaker 1: pretty huge as well. So a lot of times all
- 2:12:20Speaker 1: that down is erased on a good day like today, perhaps. No, yeah,
- 2:12:26Speaker 1: I mean, no, no, listen, I'm.
- 2:12:28Speaker 2: Going to tell you, I'm behind on some of my positions,
- 2:12:30Speaker 2: not a lot, but I know I didn't get full-blown
- 2:12:33Speaker 2: profit on some things that I was in, but it
- 2:12:37Speaker 2: drastically changed today, let's just say that. The overall portfolio,
- 2:12:41Speaker 2: I thought it was, I'll be honest with you, I
- 2:12:42Speaker 2: thought it was going to be the end-of-the-month type situation.
- 2:12:44Speaker 3: I really did.
- 2:12:46Speaker 2: But, you know, it's coming out tonight, right, the IPO?
- 2:12:49Speaker 1: Yes, you're talking SpaceX IPO. What are your thoughts?
- 2:12:52Speaker 2: Yeah, yeah. Uh, my thoughts are that you gotta be
- 2:12:56Speaker 2: really careful here because maybe they overpriced it. You know, tomorrow,
- 2:13:01Speaker 2: tomorrow is a big day because usually after you have
- 2:13:03Speaker 2: a 900 point or 650 point, and I'm, I'm kind
- 2:13:07Speaker 2: of exaggerating. I think it was six 40, uh, IPO. Um,
- 2:13:12Speaker 2: that's probably going to be a profit taking day tomorrow.
- 2:13:15Speaker 2: So you probably, you should, again, should be in a keyword.
- 2:13:18Speaker 2: You should have somewhat of a profit taking day. So, um,
- 2:13:23Speaker 2: for the IPO to come out tomorrow like it's going
- 2:13:26Speaker 2: to on a profit-taking day could hurt it. And I'm
- 2:13:30Speaker 2: talking in coulds, and I keep emphasizing that. But they're
- 2:13:34Speaker 2: saying it's going to come out, and I haven't got
- 2:13:35Speaker 2: the check because I was preparing for the show, $ 135
- 2:13:37Speaker 2: a share. The ticker is SPCX. They're looking to raise
- 2:13:44Speaker 2: $ 75 billion, the largest in history. And here's the killer.
- 2:13:48Speaker 2: This is the thing that a human brain, including mine,
- 2:13:51Speaker 2: can't wrap around. Well, and they're going to raise They're
- 2:13:54Speaker 2: probably going to have a valuation, excuse me. They're going
- 2:13:57Speaker 2: to have a valuation.
- 2:13:58Speaker 8: $ 1.
- 2:13:58Speaker 2: 8 trillion, the T word, trillion. So if you can
- 2:14:02Speaker 2: wrap your head around an IPO that's going to create
- 2:14:07Speaker 2: a company that has a valuation of $ 1. 8 trillion, I
- 2:14:10Speaker 2: don't know what to say. It's just, I think it's
- 2:14:13Speaker 2: just mind-blowing. I never thought I'd see that in my lifetime.
- 2:14:17Speaker 1: And I mean, that one stock... Could have an effect
- 2:14:20Speaker 1: on the market tomorrow, just that one stock alone, could
- 2:14:23Speaker 1: it not?
- 2:14:24Speaker 2: Yeah, it doesn't say. I'm assuming that's going to be
- 2:14:27Speaker 2: the NASDAQ. I don't think that it applied for the
- 2:14:28Speaker 2: Dow Jones. I don't know if it's going to. I
- 2:14:30Speaker 2: know an exchange is going to hit, obviously. But, yes,
- 2:14:35Speaker 2: I do believe that could sway the market a little bit,
- 2:14:39Speaker 2: depending on how it comes out. Like, again, if it
- 2:14:41Speaker 2: comes out at 135 and the market thinks it's worth
- 2:14:44Speaker 2: 100 and there's a minus 35% on the share price tomorrow, Again,
- 2:14:49Speaker 2: just a complete hypothetical scenario. That could rock the market.
- 2:14:53Speaker 2: You could say, you know, wait a minute, this thing
- 2:14:55Speaker 2: is not as great as everybody says. You know, the
- 2:14:58Speaker 2: stakes might work the sizzle. So tomorrow is going to
- 2:15:04Speaker 2: be a record-changing day tomorrow either way on the stock
- 2:15:06Speaker 2: market as far as IPOs go.
- 2:15:08Speaker 1: And I'm behind.
- 2:15:10Speaker 2: I'm an Elon Musk fan. I think you are too.
- 2:15:12Speaker 1: And there's plenty of people that are that way that
- 2:15:14Speaker 1: are probably interested in getting in long-term maybe. Absolutely.
- 2:15:20Speaker 2: Again, if you're a long-term holder and you can get
- 2:15:23Speaker 2: on the secondary market after it comes off the IPO,
- 2:15:26Speaker 2: and you think it's a value price or target price,
- 2:15:28Speaker 2: you live with it.
- 2:15:28Speaker 1: That's it.
- 2:15:29Speaker 2: But if you're trying to day trade SpaceX tomorrow after
- 2:15:34Speaker 2: it comes off the IPO, I think you're a fool.
- 2:15:37Speaker 2: So we'll see what happens. It is trading on the
- 2:15:41Speaker 2: NASDAQ tomorrow.
- 2:15:41Speaker 4: So..
- 2:15:45Speaker 2: We're going to see. Tomorrow's going to be a crazy day. Crazy,
- 2:15:48Speaker 2: crazy day.
- 2:15:49Speaker 1: So there's many variables tomorrow with this market that went
- 2:15:52Speaker 1: up high today. If there's profit-taking, you're saying, and this
- 2:15:56Speaker 1: SpaceX IPO, going to be a unique day to a
- 2:15:59Speaker 1: certain extent.
- 2:16:00Speaker 12: It is.
- 2:16:01Speaker 2: Again, I mean, for a NASDAQ, they go up 640,
- 2:16:04Speaker 2: and the Dow Jones will go up 900 and something. Typically,
- 2:16:07Speaker 2: after those days, you get profit-taking days. It's easy money
- 2:16:10Speaker 2: for people that are trading. So they could artificially bring
- 2:16:13Speaker 2: that down just because the overall market could be down.
- 2:16:16Speaker 2: I have zero factual basis on what I'm saying. This
- 2:16:20Speaker 2: is truly a guess like anybody else. So I just
- 2:16:23Speaker 2: want to make that clear.
- 2:16:24Speaker 1: I didn't know if you wanted to, I forgot to
- 2:16:27Speaker 1: ask you about your opening statement that you usually like
- 2:16:29Speaker 1: to read before we get started.
- 2:16:31Speaker 2: Yeah.
- 2:16:32Speaker 1: Go ahead.
- 2:16:32Speaker 2: I'll just say, you know, the money talk show is
- 2:16:35Speaker 2: strictly for investment advice purposes. It's educational, strictly no investment advice.
- 2:16:42Speaker 2: Please consult your own tax advisor and or investment professional
- 2:16:45Speaker 2: before making any investment decisions. All markets carry the risk
- 2:16:48Speaker 2: of loss of principal.
- 2:16:50Speaker 1: So when you take a look at if Trump does
- 2:16:54Speaker 1: this ceasefire, he says an agreement is basically a done deal.
- 2:16:58Speaker 1: They just got to sign off on it. If that
- 2:17:00Speaker 1: stuff doesn't materialize, as we've seen in the past, I mean,
- 2:17:05Speaker 1: that can have a negative effect on the market. If
- 2:17:08Speaker 1: it doesn't materialize, we could see oil prices go back up.
- 2:17:10Speaker 1: We could see the stock market go back down. That's
- 2:17:14Speaker 1: how volatile this situation is.
- 2:17:17Speaker 3: Agree?
- 2:17:18Speaker 18: Agree.
- 2:17:19Speaker 2: Yeah. I think anytime I got talks, this is old hat,
- 2:17:23Speaker 2: but tariff, inflation, interest rates, space, Iran war, whatever he says,
- 2:17:30Speaker 2: there's a magnet to the market on it and he
- 2:17:32Speaker 2: can flow it either way. But I think that tomorrow,
- 2:17:35Speaker 2: I don't think, I don't see the market going down crazy.
- 2:17:38Speaker 2: I mean, you have two pieces of great news coming.
- 2:17:40Speaker 2: I think that they're probably going to come to some
- 2:17:43Speaker 2: kind of artificial handshake tomorrow with Iran or tonight. And
- 2:17:46Speaker 2: I think that you know, SpaceX is probably going to
- 2:17:49Speaker 2: be a positive thing tomorrow i really do all right
- 2:17:52Speaker 2: it's going to and i so let me tell you
- 2:17:54Speaker 2: something that uh you know relates to the firm that
- 2:17:57Speaker 2: bought me so me i read every monday to kind
- 2:17:59Speaker 2: of do our thing on the investments. We consult with
- 2:18:03Speaker 2: each other to help the clients at Rockport. And two
- 2:18:07Speaker 2: weeks ago, we put together some stuff that's going to
- 2:18:09Speaker 2: capture SpaceX. So really proud of that. So if the
- 2:18:12Speaker 2: folks are listening that are with Rockport, I would say contact.
- 2:18:18Speaker 3: Joe and Adam and talk about some of the moves
- 2:18:20Speaker 3: we made.
- 2:18:21Speaker 2: I think they'll be very happy.
- 2:18:22Speaker 1: All right. Glad to hear that. So let's talk a
- 2:18:25Speaker 1: little bit about your hedge funds. John Arnold has started
- 2:18:28Speaker 1: his hedge fund, 100 investors, still some slots open. Once
- 2:18:33Speaker 1: it reaches 100, it's closed off. So if you're interested
- 2:18:37Speaker 1: in investing in June, you wouldn't be into the fund
- 2:18:42Speaker 1: until July, correct? July 1st. That's correct. Okay, if I
- 2:18:47Speaker 1: have it accurate. So if you're interested in getting into
- 2:18:51Speaker 1: the hedge fund that is managed by John Arnold and
- 2:18:54Speaker 1: a couple of other folks. We'll get into them momentarily.
- 2:18:57Speaker 1: If you're interested in getting into that, we'll let you
- 2:19:00Speaker 1: know how to do that phone number-wise and website-wise momentarily. So,
- 2:19:05Speaker 1: stand by for that. I want to talk to you
- 2:19:07Speaker 1: about your hedge fund and what you were saying about
- 2:19:10Speaker 1: the VIX last week and versus what happens.
- 2:19:15Speaker 2: Yeah, and again, I'm not trying to say I'm a
- 2:19:18Speaker 2: crystal ball or I'm predicting the market. I'm just saying
- 2:19:20Speaker 2: last week on our show, I said... I was pretty
- 2:19:23Speaker 2: worried because the VIX was in that 14 to 16 range.
- 2:19:26Speaker 2: I want to say 15 to 16. And the last
- 2:19:29Speaker 2: time it was in that 15, 16 range, it really
- 2:19:33Speaker 2: spiked up in the 20s. And then sure enough, what
- 2:19:37Speaker 2: followed was the market took a really big kick in
- 2:19:40Speaker 2: the ass. And this exact same pattern happened right after
- 2:19:44Speaker 2: the show. So that VIX went down to that 15,
- 2:19:47Speaker 2: 16 mark. And sure enough, well, listen, they're interchangeably. What
- 2:19:53Speaker 2: I'm saying is they work hand in hand. So market
- 2:19:55Speaker 2: goes down, VIX goes down, VIX goes down, market goes down.
- 2:19:59Speaker 2: So they kind of beat off each other. So the
- 2:20:04Speaker 2: reason for me telling you that is it was kind
- 2:20:07Speaker 2: of cool to see that it reacted like I thought
- 2:20:10Speaker 2: it would happen because there really wasn't bad news up
- 2:20:13Speaker 2: until that point. But that VIX had been trending down,
- 2:20:17Speaker 2: which means there was too much calm. And too much
- 2:20:19Speaker 2: calm usually equals something around the corner to spike it
- 2:20:23Speaker 2: a little bit.
- 2:20:24Speaker 3: And I need to say, something we probably need to
- 2:20:28Speaker 3: talk about that should have drove people crazy, and I
- 2:20:30Speaker 3: mean crazy, is what caused the first volatility movement was
- 2:20:35Speaker 3: the fact that the jobs report came out too good.
- 2:20:37Speaker 2: That is mind-blowing to me. I still can't, being 50
- 2:20:40Speaker 2: and being through various markets, bear and bull, I can't
- 2:20:44Speaker 2: wrap my head around that good news is bad news.
- 2:20:46Speaker 2: And when I say bad news, I mean minus 1,000
- 2:20:49Speaker 2: points on the Dow Jones bad news.
- 2:20:51Speaker 1: Because of a good jobs report?
- 2:20:54Speaker 25: Yes.
- 2:20:54Speaker 2: That's the underlying great thing about the American economy is
- 2:20:58Speaker 2: our people have jobs.
- 2:20:59Speaker 3: They're not socialist jobs. They're true jobs.
- 2:21:01Speaker 2: And that brought the market down. I'm not talking like
- 2:21:04Speaker 2: 200 points. I'm talking 1,000 points.
- 2:21:07Speaker 1: Explain that. That doesn't make a lick of sense to me.
- 2:21:11Speaker 2: But that's been going on, man. That's been going on.
- 2:21:13Speaker 2: We talk about, and Andrew Smith used to talk about
- 2:21:15Speaker 2: this with me, the crack in the market is interest rates.
- 2:21:18Speaker 2: And corporate America is addicted to low interest rates. Good
- 2:21:23Speaker 2: job reports means that the Fed doesn't have a reason
- 2:21:26Speaker 2: to decrease interest rates, which means corporate America can't.
- 2:21:29Speaker 3: Get on the government-free TID anymore.
- 2:21:31Speaker 2: That's what that means. That is flat-out, bottom-line talk what
- 2:21:34Speaker 2: that means. That means no freebies on the interest rates.
- 2:21:39Speaker 2: Corporate America has to pay a little bit like we
- 2:21:41Speaker 2: do for financing projects and different things and services. That's
- 2:21:46Speaker 2: exactly what that means. So good JAWS report now equals
- 2:21:50Speaker 2: bad interest rate, which, in my opinion, is good interest rate.
- 2:21:54Speaker 2: No interest rate move is good interest rate move because
- 2:21:56Speaker 2: any time... You're playing around with something artificial in our economy.
- 2:22:01Speaker 2: You win the battle and you lose the war. So
- 2:22:04Speaker 2: I'm just calling it like I see it. It's bonkers
- 2:22:07Speaker 2: to me. I think it was used for big money
- 2:22:10Speaker 2: to have an excuse to run the market down. But
- 2:22:14Speaker 2: at the end of the day, it did go down
- 2:22:16Speaker 2: based on that. And then the follow-up was Iran and
- 2:22:20Speaker 2: the United States and Israel all went out each other again.
- 2:22:26Speaker 2: And there clearly is not a ceasefire.
- 2:22:28Speaker 4: I don't know.
- 2:22:29Speaker 2: For me, it's like when you say there's a ceasefire
- 2:22:33Speaker 2: and you're still bombing each other, that to me is
- 2:22:35Speaker 2: not a ceasefire.
- 2:22:36Speaker 3: I don't know.
- 2:22:37Speaker 2: I don't know. It's like almost we speak different languages
- 2:22:41Speaker 2: now after COVID. It's unbelievable to me. Yeah, yeah.
- 2:22:45Speaker 1: A ceasefire doesn't mean you keep on firing. I always
- 2:22:48Speaker 1: took it literally. But apparently it's different is what you're saying.
- 2:22:52Speaker 2: Yeah. There's so many, like, men aren't women anymore, cops
- 2:22:55Speaker 2: are bad, criminals are good. I feel like I live
- 2:22:58Speaker 2: in a bizarre world. Jaws report equals bad. Great Jaws
- 2:23:02Speaker 2: report equals bad, bad market. I live in a backwards world.
- 2:23:06Speaker 1: What effect, if any, does this new Fed chairman going
- 2:23:09Speaker 1: to have? I mean, is that– and what are your
- 2:23:12Speaker 1: thoughts about it?
- 2:23:15Speaker 2: Well, from a greed standpoint, he's good for me. He's
- 2:23:17Speaker 2: good for corporate America. You know, corporate America getting– okay,
- 2:23:21Speaker 2: let me back up why I'm saying this. I think
- 2:23:25Speaker 2: he is, without saying wink-wink, is going to do what
- 2:23:28Speaker 2: Trump pleases. I think the reason why Jerome Powell and
- 2:23:31Speaker 2: Trump didn't get along is because Jerome Powell was basically
- 2:23:34Speaker 2: his own man, which you've got to give a lot
- 2:23:36Speaker 2: of credit for. In addition to that, I think he
- 2:23:39Speaker 2: swung a little bit left, and I think he probably
- 2:23:44Speaker 2: did things in spite of Trump.
- 2:23:46Speaker 1: It seemed to me, and I would want to ask
- 2:23:48Speaker 1: you this, it seemed to me he navigated the economy well.
- 2:23:52Speaker 1: pretty good during some difficult times.
- 2:23:55Speaker 4: Yes.
- 2:23:56Speaker 1: I mean, I can't look at him and say, boy,
- 2:23:59Speaker 1: this guy did a lousy job. We had some difficult
- 2:24:01Speaker 1: times when he was running a Fed, and it seemed
- 2:24:03Speaker 1: like we didn't have any major disruptions with him at
- 2:24:08Speaker 1: the helm. Would you agree?
- 2:24:12Speaker 2: I couldn't agree more. I couldn't agree more. I'm a
- 2:24:14Speaker 2: guy who calls it like I see it. With or
- 2:24:16Speaker 2: against him, I agree with that sentiment totally. It's a
- 2:24:21Speaker 2: math thing, and the math says he eased into it
- 2:24:24Speaker 2: to where people forget how bad 2022 was, and that's
- 2:24:28Speaker 2: because they had raised interest rates too fast, right? So
- 2:24:33Speaker 2: he gradually brought them down to what I think is
- 2:24:35Speaker 2: an equilibrium, which is fair. Hey, I think six and
- 2:24:38Speaker 2: a quarter, six and a half percent for.
- 2:24:40Speaker 1: A mortgage loan is fair.
- 2:24:40Speaker 3: I know everybody wants three, four. That's what I got.
- 2:24:44Speaker 2: Hell, if I could refinance my building at four right now,
- 2:24:47Speaker 2: I'd do it today.
- 2:24:48Speaker 3: But my point is..
- 2:24:51Speaker 2: But 6% is fair, which is what I'm paying. You
- 2:24:54Speaker 2: get what I'm saying?
- 2:24:55Speaker 4: Yes.
- 2:24:55Speaker 2: So I think that he eased it to where he
- 2:24:59Speaker 2: didn't create more superinflation. In the long run, I think
- 2:25:03Speaker 2: he probably helped Trump. But I think Trump is in
- 2:25:06Speaker 2: a situation.
- 2:25:07Speaker 3: Where he's trying to spend himself out of inflation.
- 2:25:10Speaker 2: And maybe that will work.
- 2:25:11Speaker 1: Maybe it won't.
- 2:25:13Speaker 2: One of the things that I know that they're doing
- 2:25:14Speaker 2: behind the scenes in the long run, that's what Ed Squire,
- 2:25:16Speaker 2: remember the guy that I had on the show, a
- 2:25:19Speaker 2: couple of guys, they think that Trump might be right
- 2:25:22Speaker 2: here because with AI taking over, this is the chess move,
- 2:25:27Speaker 2: I think, that they're playing, J.D. Vance and the Trump party.
- 2:25:30Speaker 2: I think that with AI kind of taking a lot
- 2:25:33Speaker 2: of jobs, that's going to affect the inflation, right? Because
- 2:25:38Speaker 2: now a jobs reporter should start to come down, which
- 2:25:44Speaker 2: would give reasons for decreasing interest rates in the future.
- 2:25:48Speaker 2: We think that is the chess game as money managers,
- 2:25:50Speaker 2: as fund managers. Can't prove it, but really, on the
- 2:25:54Speaker 2: cover of the magazine, what they're doing doesn't make sense.
- 2:25:56Speaker 2: If they want to decrease interest rates, it typically, and
- 2:25:59Speaker 2: Andrew would verify this, that typically is going to cause
- 2:26:01Speaker 2: more inflation. So the decreased interest rates usually... Now, I
- 2:26:06Speaker 2: think that the counterbalance, like I said, is with AEI
- 2:26:09Speaker 2: coming into existence and really starting to take white-collar jobs
- 2:26:13Speaker 2: and gray-collar jobs... I think it's a counterbalance with the
- 2:26:17Speaker 2: interest rate decrease. I think that's how they're going to
- 2:26:19Speaker 2: pull it off. That's a complete theory. I have no
- 2:26:23Speaker 2: data to support that.
- 2:26:26Speaker 1: Wouldn't that be interesting? I mean, there was talk where
- 2:26:31Speaker 1: when you're looking at the odds. they were saying there's
- 2:26:34Speaker 1: a 40% chance of an interest rate increase, a 40%
- 2:26:38Speaker 1: chance of that happening. Listen, I would be the guy
- 2:26:41Speaker 1: that would say, don't touch it at all. Keep it
- 2:26:44Speaker 1: where it is or lower it. But certainly a 40%
- 2:26:48Speaker 1: increase would, I think, be troubling to the economy.
- 2:26:54Speaker 2: That would be catastrophic. I would guess that that equals
- 2:26:59Speaker 2: a minus $ 3, 000 on the Dow Jones rate. maybe a
- 2:27:03Speaker 2: minus $ 1, 500 on the NASDAQ. I think that is devastating
- 2:27:07Speaker 2: for the market if they do that.
- 2:27:09Speaker 1: Over all these years, John Arnold's our guest, Money Talks,
- 2:27:13Speaker 1: News Radio, 570 WQN. Over all these years, in the many,
- 2:27:16Speaker 1: many years that you've dealt with the stock market, what
- 2:27:20Speaker 1: you're seeing right now, just this volatility, and Joe uses
- 2:27:25Speaker 1: the word parabolic, you know, stocks are parabolic in many cases.
- 2:27:29Speaker 1: What is your, I mean, is... How do I phrase this?
- 2:27:34Speaker 1: Is is it a bothersome time when you look at
- 2:27:39Speaker 1: it how do you assess this i mean it's good
- 2:27:42Speaker 1: i guess for the hedge fund but it's it's weird
- 2:27:45Speaker 1: is what i'm trying to say.
- 2:27:48Speaker 2: Well what's weird is we're running in we're going like
- 2:27:51Speaker 2: i i said this 10 years on 10 years ago
- 2:27:53Speaker 2: on the show we were doing together monday is we're
- 2:27:56Speaker 2: going into a new paradigm of economy, and now it's here.
- 2:28:02Speaker 2: And that paradigm is we're shifting from human to computer
- 2:28:06Speaker 2: and robots.
- 2:28:07Speaker 1: Right. Now, bear with me for one minute, because I
- 2:28:10Speaker 1: want you to finish a thought coming up here, because
- 2:28:12Speaker 1: we ended a program and had some calls on it
- 2:28:15Speaker 1: the next day. When I believe you said, and correct
- 2:28:18Speaker 1: me if I'm wrong, AI... really either scares you or
- 2:28:24Speaker 1: bothers you or you weren't keen on it. Do you
- 2:28:27Speaker 1: remember ending the program with that once?
- 2:28:29Speaker 2: It scares the manure out of me. It scares the
- 2:28:30Speaker 2: manure out of me. Straight up tell you.
- 2:28:33Speaker 1: And can you elaborate? You ended a program once and
- 2:28:37Speaker 1: you said that. The following day I had a couple
- 2:28:40Speaker 1: of calls on that because we ran out of time.
- 2:28:44Speaker 1: Would you be willing to talk a little bit more
- 2:28:46Speaker 1: about that tonight? I would love to.
- 2:28:48Speaker 3: I would love to.
- 2:28:49Speaker 1: All right. Start, and then when we get to our headlines, well,
- 2:28:52Speaker 1: I tell you what, just pause, and then we'll cover
- 2:28:54Speaker 1: that after the headlines. All right. I want John to
- 2:28:58Speaker 1: address that. And folks, those of you that called me
- 2:29:01Speaker 1: the next day said, well, what did he mean by that? Well,
- 2:29:03Speaker 1: I guess you'll find out coming up. This is Money
- 2:29:06Speaker 1: Talks with John Arnold. We'll tell you about his hedge
- 2:29:08Speaker 1: fund coming up. We'll have him address AI. We'll tell
- 2:29:10Speaker 1: you about his hedge fund. It's what John is doing
- 2:29:13Speaker 1: right now. Tell you about the criteria. Tell you about
- 2:29:15Speaker 1: how many people can get into it. Tell you everything
- 2:29:17Speaker 1: about the hedge fund coming up, including how you can
- 2:29:19Speaker 1: be a participant in it if you meet the criteria.
- 2:29:22Speaker 1: That's all coming up in the second half of the
- 2:29:24Speaker 1: program here on NewsRadio 570 WKBN. This is Money Talks
- 2:29:28Speaker 1: with John Arnold. We have a pause for the headlines.
- 2:29:31Speaker 1: That's coming up next, and then we'll come back with
- 2:29:33Speaker 1: segment number two. John Arnold, Money Talks. It's Thursdays at
- 2:29:37Speaker 1: 6 here on NewsRadio 570 WKBN. On a beautiful Thursday evening,
- 2:29:41Speaker 1: it's 81 degrees. John answers the AI question, talks about
- 2:29:45Speaker 1: the hedge funds, and more coming up on Segment 2.
- 2:29:48Speaker 1: All right, from NewsRadio 570, WKVN, Segment 2 with John
- 2:29:52Speaker 1: Arnold on Money Talks Thursdays at 6. We'll get into
- 2:29:55Speaker 1: the hedge fund coming up in a bit. Explain what
- 2:29:58Speaker 1: you meant when you ended that program with that cliffhanger,
- 2:30:00Speaker 1: I'm going to say a couple weeks ago, what you
- 2:30:03Speaker 1: said negatively about AI.
- 2:30:06Speaker 2: Yeah, I learned from the best on the cliffhanger. Here's
- 2:30:10Speaker 2: the thing, man. AI scare remains high in 2026. It's
- 2:30:14Speaker 2: fueled by layoffs. Some executive warnings, which I'm going to
- 2:30:17Speaker 2: talk about that. Tech adoption, which I'm going to talk
- 2:30:21Speaker 2: about here in a second. But you've got a perfect
- 2:30:24Speaker 2: storm coming here. And here's what scares me. Let me
- 2:30:28Speaker 2: tell you what scares me. Because I lived through this
- 2:30:30Speaker 2: a little bit already. But everybody was wrong on the outcome.
- 2:30:34Speaker 2: And I.
- 2:30:37Speaker 3: Think it's not the case here.
- 2:30:39Speaker 2: I lived in the dot-com bubble. I started my investment
- 2:30:42Speaker 2: career in 2000, right? Right before the start of the
- 2:30:46Speaker 2: second worst bear market ever, which is crazy. You can
- 2:30:49Speaker 2: talk about bad timing. But during that crisis, I remember
- 2:30:54Speaker 2: before the crisis, everybody's winning on these dot-com stocks. And
- 2:30:58Speaker 2: where I'm going with it is, like, all of a sudden,
- 2:31:01Speaker 2: you went from making 8% on a mutual fund now
- 2:31:04Speaker 2: to 5.75. You went from making a big rip, which
- 2:31:09Speaker 2: is a huge commission on stock, to now TD Ameritrade
- 2:31:12Speaker 2: and StockTrade and E-Trade and all those guys, which got
- 2:31:15Speaker 2: sucked up, by the way. But back then, there was
- 2:31:17Speaker 2: a dot-com bubble. There was a day trading slash stock
- 2:31:21Speaker 2: trading custodian popping up online to where now, all of
- 2:31:24Speaker 2: a sudden, you need a stockbroker. So our... our industry,
- 2:31:28Speaker 2: the investment industry freaked out all of a sudden, what
- 2:31:30Speaker 2: are we going to do? You know, everybody's going to
- 2:31:32Speaker 2: lose them. You know, everybody's going to leave us.
- 2:31:34Speaker 3: We don't, they don't need us anymore, et cetera.
- 2:31:37Speaker 2: And all the big names, Merrill Lynch, UBS, everybody that.
- 2:31:40Speaker 3: Was anybody back there and had that scare.
- 2:31:43Speaker 2: And guess what happened? The truth is nothing, nothing changed.
- 2:31:47Speaker 2: It just actually started to create more investors is what happened.
- 2:31:50Speaker 2: And they figured, and then the investors started to do
- 2:31:52Speaker 2: it on their own, made money in the good markets.
- 2:31:55Speaker 2: Like everybody does. and completely lost their shirt, and I
- 2:31:58Speaker 2: mean everything, in 2001, 2002. So all of a sudden,
- 2:32:03Speaker 2: people were attracted back to stockbrokers, investment guys like me.
- 2:32:08Speaker 2: So there wasn't a dead end. It actually helped us
- 2:32:11Speaker 2: and scaled us to a different level. I still hate it.
- 2:32:15Speaker 2: I wish things were old, but I'm old and cantankerous
- 2:32:18Speaker 2: and old-fashioned. I still read the Wall Street Journal paper
- 2:32:21Speaker 2: version on that guy.
- 2:32:22Speaker 3: Okay, fast forward.
- 2:32:24Speaker 2: This is what scares me. AI is the stop sign.
- 2:32:28Speaker 2: It is the end. It's genuinely, genuinely replacing us. It
- 2:32:34Speaker 2: is better, it functions better than any human being you
- 2:32:38Speaker 2: can imagine. It's like a billion times faster thinking than
- 2:32:41Speaker 2: a human brain. It's very cost efficient.
- 2:32:45Speaker 1: Companies are in the..
- 2:32:47Speaker 2: Capitalism is defeating capitalism. We're saying bring on AI because
- 2:32:51Speaker 2: we're inventors.
- 2:32:52Speaker 3: We're commerce, right?
- 2:32:54Speaker 2: And here's the thing that's killing us. Like I talked
- 2:32:57Speaker 2: to you about a couple weeks ago in the program,
- 2:32:59Speaker 2: I went to Congress, talked with Bill Johnson, took him
- 2:33:02Speaker 2: out to dinner, me and Chuck George and a bunch
- 2:33:04Speaker 2: of people, and he said, just because we can do
- 2:33:07Speaker 2: it doesn't mean we should do it. And what he
- 2:33:09Speaker 2: meant by that is we should probably stop this crazy
- 2:33:13Speaker 2: technology that's going to take over our commerce and our
- 2:33:16Speaker 2: economy before it's too late, because once it's too late,
- 2:33:19Speaker 2: the cat's out of the bag.
- 2:33:19Speaker 4: It's over.
- 2:33:20Speaker 2: It's over. We're going to socialism. So... He was right,
- 2:33:24Speaker 2: but here's the problem. The big companies, the countries that
- 2:33:27Speaker 2: we compete with, Russia, China, India, which is the second
- 2:33:30Speaker 2: largest population in the world, they're on our tails. They
- 2:33:34Speaker 2: might even be better at AI. And if we don't
- 2:33:37Speaker 2: compete with them, if we don't meet their standard of AI,
- 2:33:41Speaker 2: we're going to be left behind, and they're going to
- 2:33:42Speaker 2: get us anyway. So we're kind of stuck in this trap.
- 2:33:47Speaker 2: And I see the only way out of it, and
- 2:33:49Speaker 2: Elon Musk has even talked about it, is guaranteed income,
- 2:33:52Speaker 2: which I'm 100% against. Because once you get guaranteed income,
- 2:33:55Speaker 2: you've taken entrepreneurialism and you've killed it. You've taken artistic
- 2:33:59Speaker 2: ability and creative ability and you've killed it. You've halted
- 2:34:03Speaker 2: everything that makes our nation great. You go to New
- 2:34:06Speaker 2: York City, like I went here with the kids about
- 2:34:08Speaker 2: four months ago. You see the greatness that was built
- 2:34:12Speaker 2: from people who came over here the right way with
- 2:34:13Speaker 2: a nickel and a loaf of bread, and how Jewish
- 2:34:16Speaker 2: people went from horrible things that happened to them over
- 2:34:20Speaker 2: in Germany, coming here and creating a great business. There's
- 2:34:23Speaker 2: so many great things that happened from creativity that are
- 2:34:25Speaker 2: going to come to a screeching halt. So what really
- 2:34:28Speaker 2: bothers me is that companies have announced approximately 87,000 job
- 2:34:32Speaker 2: cuts to AI in the first months of 2006. I
- 2:34:41Speaker 2: want you to think about it. 90,000 jobs in the
- 2:34:45Speaker 2: first five months of 2006 have been cut due to AI.
- 2:34:50Speaker 2: Tech alone has 120,000, 150,000 layoffs year to date. Just tech. Meta, Amazon, Cisco, Intuit, Block, etc.
- 2:34:58Speaker 1: Those guys.
- 2:34:59Speaker 2: That's what scares me. That's the future of America. And
- 2:35:02Speaker 2: no one's doing a damn thing to stop it because
- 2:35:04Speaker 2: of greed. And that's what scares me. There is no, well,
- 2:35:09Speaker 2: the AI is going to fail us and then we're
- 2:35:10Speaker 2: going to want human beings again. No, the AI is
- 2:35:13Speaker 2: only going to get better. We're in the infestation of
- 2:35:16Speaker 2: this thing, man.
- 2:35:17Speaker 1: Infestation.
- 2:35:18Speaker 2: And when Elon Musk says you better stop in his
- 2:35:20Speaker 2: tracks or it's going to destroy us, guess what? I'm
- 2:35:23Speaker 2: taking Elon Musk for $ 1, 000 every single time. Every time
- 2:35:27Speaker 2: I'm voting on that guy. And that's what scares me.
- 2:35:30Speaker 2: And I hope I'm not overselling it, but show me
- 2:35:33Speaker 2: that I'm wrong.
- 2:35:34Speaker 11: Seriously.
- 2:35:34Speaker 3: I want somebody to argue me with objective fact that
- 2:35:37Speaker 3: I'm wrong.
- 2:35:38Speaker 1: Well, first of all, those numbers that you just gave,
- 2:35:41Speaker 1: those aren't projections. Those are numbers that have already happened,
- 2:35:44Speaker 1: is what you're saying, in the beginnings of 2026 here,
- 2:35:47Speaker 1: in the early stages of AI. Did I get that correct?
- 2:35:50Speaker 17: Yep.
- 2:35:51Speaker 1: I mean, those numbers, I mean, I'm sitting back listening
- 2:35:54Speaker 1: to those numbers. They're significant. 90,000, 120,000. That's a lot
- 2:35:59Speaker 1: of people that lost a lot of jobs. And in
- 2:36:02Speaker 1: most of those cases, I'm going to speculate pretty decent
- 2:36:06Speaker 1: paying jobs. Pretty decent.
- 2:36:10Speaker 2: What do you think Matt is paying? What do you
- 2:36:12Speaker 2: think Apple and Google are paying?
- 2:36:14Speaker 1: Okay, so decent paying. Okay, good paying jobs. And just
- 2:36:18Speaker 1: bear with me one step further. And it's going to
- 2:36:21Speaker 1: be difficult for those people to be able to rebound
- 2:36:25Speaker 1: in something close to what they had. Would you agree
- 2:36:28Speaker 1: with that?
- 2:36:30Speaker 2: Yes.
- 2:36:31Speaker 1: I'm living.
- 2:36:33Speaker 4: Go ahead.
- 2:36:35Speaker 2: I'm currently living. And this is, listen, Rich Ferenczak said
- 2:36:38Speaker 2: something to me the other day.
- 2:36:40Speaker 3: Which is true. Here's the answer.
- 2:36:42Speaker 2: I didn't answer his question. He said, John, you have
- 2:36:46Speaker 2: this big check and create a nice wealth for yourself.
- 2:36:49Speaker 2: Why don't you just sit down and enjoy your money?
- 2:36:52Speaker 2: Why don't you just enjoy your life? You know what
- 2:36:54Speaker 2: the answer is? Because I don't think that's a lot
- 2:36:56Speaker 2: of money anymore. I don't think my kids are going
- 2:36:58Speaker 2: to have a job, and I don't think they're going
- 2:37:00Speaker 2: to have a home. I think you're going to have 10%
- 2:37:02Speaker 2: of this nation that is in the high net worth,
- 2:37:05Speaker 2: like Europe, that owns the voting and really controls the country,
- 2:37:10Speaker 2: and the rest of us are going to be on socialism.
- 2:37:12Speaker 2: I don't want my kids on socialism. That's why I'm
- 2:37:15Speaker 2: trying to go to the next level of the hedge fund.
- 2:37:17Speaker 2: That's why I'm still working hard. And that's the answer.
- 2:37:19Speaker 2: I didn't get the answer to that. What scares me
- 2:37:22Speaker 2: is what I'm talking about, and I'm living it. Normally,
- 2:37:25Speaker 2: people that got what I got a couple years ago,
- 2:37:28Speaker 2: which I'm very fortunate, to, would just say, my God,
- 2:37:31Speaker 2: I hit the lottery. You know, I live it up.
- 2:37:36Speaker 1: Well, let's be realistic. Built through years and years and
- 2:37:39Speaker 1: years of hard work. Let's be realistic.
- 2:37:41Speaker 4: Yes.
- 2:37:42Speaker 1: All right.
- 2:37:42Speaker 2: No, no, no. I earned every dollar.
- 2:37:45Speaker 1: Right.
- 2:37:45Speaker 2: I'm just saying I don't have a quit in me
- 2:37:47Speaker 2: because I'm scared of AI. That's the truth. I am
- 2:37:50Speaker 2: scared of where we're going in this country. That is 100%
- 2:37:53Speaker 2: the accurate truth. I hate using that because I hate
- 2:37:57Speaker 2: the word scared. I hate it.
- 2:37:58Speaker 1: All right, but when you were talking about what troubles
- 2:38:01Speaker 1: you about AI, it almost sounded like it's going to
- 2:38:05Speaker 1: suck capitalism away to a large extent. You were talking
- 2:38:08Speaker 1: about people would come here and you still see it today,
- 2:38:11Speaker 1: not just back then. You still see it today that
- 2:38:14Speaker 1: people who do come here, whether legally or illegally, many
- 2:38:18Speaker 1: of them come here, they start a business, you know,
- 2:38:21Speaker 1: they might become house painters or they might open a
- 2:38:24Speaker 1: Chinese restaurant and they work from morning till night and
- 2:38:27Speaker 1: they become very successful because they have a work ethic.
- 2:38:30Speaker 1: It's still happening today. here in this country. And you're saying,
- 2:38:35Speaker 1: if I got you correctly, a lot of that will
- 2:38:37Speaker 1: evaporate because of AI.
- 2:38:41Speaker 2: Absolutely. Honestly, how many of us can... do landscaping. How
- 2:38:46Speaker 2: many of us can be plumbers, electricians? Listen, I can't
- 2:38:48Speaker 2: even change my oil right. There's guys like me that
- 2:38:52Speaker 2: you want to know about.
- 2:38:52Speaker 1: Finance and medicine, I'm your guy. But wait a second.
- 2:38:56Speaker 1: It still takes people to... If you have people that
- 2:38:59Speaker 1: can't afford to say, I want to redo my bathroom
- 2:39:03Speaker 1: because they don't have the money because they don't have
- 2:39:05Speaker 1: a job. Now that guy who thinks he's got job
- 2:39:08Speaker 1: security being a plumber doesn't have job security anymore. You
- 2:39:12Speaker 1: have said over the years... Now, we're talking with John Arnold.
- 2:39:15Speaker 1: We're a consumer-driven economy. Well, it's a circle. If you
- 2:39:19Speaker 1: don't have consumers that have disposable income to hire the
- 2:39:22Speaker 1: plumber or electrician, you make do with what you have, right?
- 2:39:27Speaker 2: Yes. That's why China has never called our debt, because
- 2:39:30Speaker 2: of our tax system. We have the best commerce in
- 2:39:33Speaker 2: the entire world. They're counting on us to buy their junk.
- 2:39:36Speaker 2: And guess what happens when we can't buy their junk anymore?
- 2:39:39Speaker 2: All hell breaks loose. So there's a deeper thinking here.
- 2:39:43Speaker 2: There's a bigger chess move here. And what sucks about
- 2:39:47Speaker 2: our society is men aren't men anymore. They've lost their fight.
- 2:39:50Speaker 2: Men are not.
- 2:39:51Speaker 1: Fighting for their families. But you can't fight technology, can you?
- 2:39:56Speaker 1: I mean, where do you go?
- 2:39:58Speaker 2: I think you can if you had enough of us.
- 2:40:00Speaker 1: AI is out there. I thought you gave a great analysis.
- 2:40:04Speaker 1: You're competing against China and any of these other countries.
- 2:40:08Speaker 1: What do you do to prevent what is going to
- 2:40:11Speaker 1: happen based on what you're saying? How do you stop that?
- 2:40:15Speaker 2: I can right now tell you what I would do.
- 2:40:17Speaker 2: I would dedicate every ounce of our budget towards AI,
- 2:40:21Speaker 2: to war, and to self-defense, and to maybe higher-end technology
- 2:40:25Speaker 2: for computers with semiconductors and whatever, but I would not...
- 2:40:30Speaker 2: let any further implementation of technology like that flow into
- 2:40:34Speaker 2: our trades. When I say trades, I mean all trades.
- 2:40:37Speaker 2: I mean computers, secretarial, accounting.
- 2:40:43Speaker 1: Let me tell you something.
- 2:40:44Speaker 2: AI is going to put the average financial guy out
- 2:40:46Speaker 2: of business. It's going to put accounting out of business.
- 2:40:49Speaker 2: It's going to put lawyers out of business who don't
- 2:40:52Speaker 2: have creative specialty law. If you can go to AI
- 2:40:57Speaker 2: and do an estate plan for $ 300, 000, And for AI,
- 2:41:02Speaker 2: you're not going to pay so-and-so $ 2, 500 or $ 5, 000 unless
- 2:41:04Speaker 2: you're small-town America. It just doesn't work like that. That
- 2:41:08Speaker 2: stuff is coming to an end. We need to halt
- 2:41:10Speaker 2: that right now. We need to say enough is enough.
- 2:41:14Speaker 3: But guess what?
- 2:41:14Speaker 2: When I'm talking about men, I'm saying men and women,
- 2:41:16Speaker 2: we don't have that fight. We're more worried about the
- 2:41:18Speaker 2: Dan Browns game and going out to BW3s for a
- 2:41:20Speaker 2: couple beers and joining a soccer game. None of that's
- 2:41:24Speaker 2: going to matter unless this comes to an end. I'm
- 2:41:26Speaker 2: talking real talk here. I'm not a conspiracy theorist, Scott.
- 2:41:31Speaker 1: Right, and you're talking in a relatively short period of time, correct?
- 2:41:35Speaker 2: Yes, yes.
- 2:41:38Speaker 1: They're saying, listen, I'm online right now.
- 2:41:40Speaker 2: I don't know who these people are. The surveys show
- 2:41:42Speaker 2: that 40% to 52% of all global U.S. workers fear
- 2:41:46Speaker 2: AI job loss, nearly double from 2024 in polls. So
- 2:41:51Speaker 2: just in two years, one and a half years, actually, 50%
- 2:41:55Speaker 2: of the global, not just U.S. global workers, fear AI replacement.
- 2:41:59Speaker 2: I want you to think about that. The BCG estimates
- 2:42:03Speaker 2: 50 to 55 percent of U.S. jobs will be augmented
- 2:42:06Speaker 2: or reshaped by AI in the next two to three years.
- 2:42:08Speaker 2: That's 2028.
- 2:42:09Speaker 3: I want you to know that's when Trump's term is up.
- 2:42:11Speaker 2: That's how fast things are changing.
- 2:42:14Speaker 1: Listen to the number that you just gave, though. That's
- 2:42:17Speaker 1: a huge number.
- 2:42:19Speaker 11: Yep.
- 2:42:20Speaker 2: Not everybody can be a nurse. Not everybody can mow lawns.
- 2:42:23Speaker 2: Not everybody can fix light sockets. There's half of us
- 2:42:27Speaker 2: that need help. a technical job that requires us to
- 2:42:32Speaker 2: not have to compete the AI. I'm telling you, my man,
- 2:42:35Speaker 2: this is a real deal. When, when Rich said, why
- 2:42:37Speaker 2: are you not enjoying your money? This is why I'm
- 2:42:39Speaker 2: not enjoying my money. I'll work over something deeper. I
- 2:42:42Speaker 2: see it is on the wall. I am not worried
- 2:42:45Speaker 2: about the Dan.
- 2:42:45Speaker 3: Buckeyes game anymore or the Browns.
- 2:42:48Speaker 1: You know what I'm worried about?
- 2:42:48Speaker 2: My kids surviving and you are worried about.
- 2:42:51Speaker 3: Not being a government puppet.
- 2:42:54Speaker 1: And just if it goes to direction that it's heading
- 2:42:58Speaker 1: right now, then you're saying to me, John Arnold here tonight,
- 2:43:03Speaker 1: Money Talks, you're saying if AI continues to go in
- 2:43:06Speaker 1: a direction it's going, significant job loss, how will these
- 2:43:10Speaker 1: people make a living? How will they pay their bills?
- 2:43:14Speaker 1: Then you start talking about people on the dole or
- 2:43:16Speaker 1: basic income because the jobs are evaporated.
- 2:43:20Speaker 4: Is that? Accurate.
- 2:43:21Speaker 1: It's going to be a necessity.
- 2:43:23Speaker 2: Right in front of your very eyes, everybody. They introduced
- 2:43:27Speaker 2: this damn digital coin. Do you think that was by coincidence?
- 2:43:31Speaker 2: If you had introduced a digital coin when computers first
- 2:43:34Speaker 2: came out in 1995 where they were actually relevant, people
- 2:43:37Speaker 2: would have laughed at you. They'd be like, yeah, yeah, well,
- 2:43:40Speaker 2: what's it worth? Nothing. It's just a scam. Now people
- 2:43:42Speaker 2: are like, well, maybe we'll use Bitcoin to pay our taxes.
- 2:43:45Speaker 2: It's insanity. But what they don't.
- 2:43:46Speaker 3: Really understand is that is a feeder system for socialism.
- 2:43:51Speaker 2: Algorithms are a feeder for socialism. When you displace cash
- 2:43:57Speaker 2: for bits or whatever they're going to give you, and
- 2:44:00Speaker 2: they give you a condo and public transportation, and they
- 2:44:05Speaker 2: control your health care and your gas like they did
- 2:44:08Speaker 2: in Canada. Guys, pay attention here. During COVID, when the
- 2:44:12Speaker 2: truckers refused to bow down for the COVID shot, they
- 2:44:15Speaker 2: shut their gas off. They shut their paychecks off. You
- 2:44:19Speaker 2: don't think that this is common with AI and socialism?
- 2:44:21Speaker 2: And I'm not a nutcase. I'm not a conspiracy nutcase.
- 2:44:24Speaker 2: It's right in front of your eyes. That's what's going
- 2:44:27Speaker 2: on with the globalization of our world. And no one's
- 2:44:31Speaker 2: doing a damn thing about it. No one.
- 2:44:33Speaker 4: Wow.
- 2:44:34Speaker 1: I mean, it's just unbelievable. It's unreal that that's where
- 2:44:38Speaker 1: it's heading. And when you're talking this way, for those
- 2:44:41Speaker 1: folks who are listening, because I got a lot of
- 2:44:43Speaker 1: feedback on that that one time, I just want to emphasize,
- 2:44:46Speaker 1: you're not talking in 10 years. You're talking next year.
- 2:44:50Speaker 3: I'm talking now.
- 2:44:51Speaker 4: No, no, no.
- 2:44:52Speaker 2: I'm talking now.
- 2:44:53Speaker 1: Right.
- 2:44:53Speaker 2: I'm talking now. As we speak, it's happening.
- 2:44:58Speaker 1: And, you know, you're talking.
- 2:45:01Speaker 2: Listen to what Elon Musk is saying.
- 2:45:02Speaker 4: Yeah.
- 2:45:03Speaker 1: And here's what I'm thinking as you're talking. You know,
- 2:45:06Speaker 1: like take Social Security. It takes existing workers that are
- 2:45:10Speaker 1: paying into the system to keep it going and keep
- 2:45:12Speaker 1: it afloat. You follow me? I mean, you understand.
- 2:45:15Speaker 2: Exactly, yes.
- 2:45:17Speaker 1: Now you've eliminated a lot of those workers that don't
- 2:45:21Speaker 1: exist that aren't paying in. How does that system stay afloat?
- 2:45:24Speaker 1: How does Medicare for our elderly stay afloat if it's
- 2:45:30Speaker 1: paid for by taxes of existing workers The money I
- 2:45:34Speaker 1: paid into Social Security went out to people that were
- 2:45:36Speaker 1: retired at that time. Well, if there aren't people, if
- 2:45:39Speaker 1: I don't turn around and look behind me and there
- 2:45:40Speaker 1: aren't enough workers there, what happens to the entire system?
- 2:45:46Speaker 2: You said it. You said it. That's why, like... I
- 2:45:50Speaker 2: grew up under a union, so my dad's job was
- 2:45:52Speaker 2: protected by UAW. The unions do some negative, yes, they do,
- 2:45:56Speaker 2: but they're good always or bad. So why I'm telling
- 2:45:58Speaker 2: you this, if I was a union guy, I was
- 2:46:00Speaker 2: the head of the union, I.
- 2:46:01Speaker 3: Would be all over this.
- 2:46:02Speaker 2: Who's going to employ us when the jobs are gone?
- 2:46:05Speaker 2: Who's going to employ us? Are there electricians?
- 2:46:08Speaker 3: Are there plumbers?
- 2:46:09Speaker 2: Maybe, but there's only so many of you to go around.
- 2:46:12Speaker 2: The happy days are coming to an end.
- 2:46:14Speaker 1: If you get an abundance of people all into trades,
- 2:46:17Speaker 1: guess what happens to the money that they make? I mean,
- 2:46:20Speaker 1: supply and demand. They cannibalize each other.
- 2:46:21Speaker 4: Right.
- 2:46:22Speaker 1: Exactly right. And if there's not enough customers to purchase
- 2:46:26Speaker 1: those services that have decent jobs, that says everything you
- 2:46:31Speaker 1: need to know. I mean, really, this is really eye-opening.
- 2:46:34Speaker 1: With all due respect, it's something I have to address
- 2:46:37Speaker 1: on a regular program as well. Because, I mean, the
- 2:46:40Speaker 1: numbers that you gave just tonight, did I hear them right?
- 2:46:43Speaker 1: 90,000 jobs here, 120,000 in this sector. I mean, roughly
- 2:46:48Speaker 1: 200,000 jobs in that ballpark. Gone.
- 2:46:52Speaker 2: Hey, 120,000 to 150,000 year-to-date.
- 2:46:55Speaker 11: Gone.
- 2:46:56Speaker 2: We're only halfway through the year. Meta, Amazon, Cisco, Intuit, Block.
- 2:47:00Speaker 2: That came from liberal CNBC. Okay. So that's not like it's,
- 2:47:05Speaker 2: that's not like scary town US and I'm giving you
- 2:47:07Speaker 2: literally trading economics.com stuff.
- 2:47:11Speaker 1: I'm not giving you BS data. So when Elon Musk
- 2:47:14Speaker 1: was early on, you were right there beside him saying,
- 2:47:18Speaker 1: listen to him. He's basically saying, we better think this
- 2:47:22Speaker 1: through because it can be both a bad thing as
- 2:47:26Speaker 1: far as government control, government surveillance, and what are we
- 2:47:29Speaker 1: going to do with all these people?
- 2:47:30Speaker 2: I'll do you one better, Ron, because I always give
- 2:47:34Speaker 2: you the hardcore truth, even if it makes you look foolish.
- 2:47:38Speaker 2: I really didn't even know about it. I just knew, like, oh,
- 2:47:40Speaker 2: this is the future. This is like four years ago.
- 2:47:42Speaker 2: This is the future, you know, what's coming. Maybe robots
- 2:47:47Speaker 2: will replace us. Maybe when I'm dead and hopefully my
- 2:47:49Speaker 2: kids will figure it out. Elon Musk came up on
- 2:47:53Speaker 2: an interview, and he started talking about them. And I
- 2:47:55Speaker 2: really started, because, again, I'm an Elon Musk guy. I
- 2:47:58Speaker 2: really started to pay attention to what.
- 2:47:59Speaker 3: This guy was saying.
- 2:48:00Speaker 2: When he's saying, I'm literally scared. He's saying physically, I'm scared.
- 2:48:05Speaker 2: I'm watching it come out of his mouth. We have
- 2:48:07Speaker 2: to stop this thing in its tracks. It's probably the
- 2:48:09Speaker 2: smartest human being that I've ever known of saying this,
- 2:48:13Speaker 2: who has nothing to gain by saying it. As a
- 2:48:15Speaker 2: matter of fact, he has things to lose. Half his
- 2:48:19Speaker 2: stuff is from AI and robotic technology. He's the guy
- 2:48:23Speaker 2: that shouldn't be saying that stuff.
- 2:48:25Speaker 3: He's saying it.
- 2:48:26Speaker 2: And it really woke me up, and I started doing
- 2:48:28Speaker 2: my own research. And as I'm researching, as I'm watching it,
- 2:48:32Speaker 2: I'm really watching every month more and more and more.
- 2:48:35Speaker 2: More jobs get lost. More jobs get lost. And this
- 2:48:39Speaker 2: AI thing, what's happening is what really woke me up
- 2:48:41Speaker 2: when Grok, G-R-O-K, made a better Grok on its own
- 2:48:47Speaker 2: without Google telling it to do. So that's the AI
- 2:48:50Speaker 2: version of chat GPT for Google. Google has its own
- 2:48:56Speaker 2: AI search engine, and it thinks 100 times faster than
- 2:49:02Speaker 2: you do as a human. So when it's self-creating a
- 2:49:05Speaker 2: better version of itself, what.
- 2:49:07Speaker 1: Does that tell you?
- 2:49:08Speaker 2: That is unbelievably scary. Again, I hate using that word.
- 2:49:12Speaker 2: And that's the stuff that keeps me up at night.
- 2:49:14Speaker 2: What are we doing to stop this in its tracks?
- 2:49:17Speaker 2: Because no one has the balls. or the brains, I think,
- 2:49:20Speaker 2: to do it. And it has to come from our politicians.
- 2:49:24Speaker 2: Our idea, I don't care. You've got to stop this
- 2:49:27Speaker 2: thing and its tracks before it ruins the American economy.
- 2:49:30Speaker 1: Do you see any signs of that even happening?
- 2:49:34Speaker 2: Just the opposite.
- 2:49:35Speaker 18: Yeah.
- 2:49:36Speaker 2: I think that people are kicking it down the road
- 2:49:37Speaker 2: and finding better creative ways to make money off it
- 2:49:40Speaker 2: right now. And create businesses off it. There's actually a school,
- 2:49:43Speaker 2: like literally, you can go to a curriculum at a
- 2:49:46Speaker 2: school and learn how to be an AI scientist of
- 2:49:49Speaker 2: some kind and have all seven.
- 2:49:51Speaker 3: Or eight of them work against each other to give
- 2:49:53Speaker 3: you the best project.
- 2:49:55Speaker 2: But at the end of the day, they're eventually going
- 2:49:57Speaker 2: to be so good that they replace the person inputting
- 2:49:59Speaker 2: the data. And that's the scary part.
- 2:50:02Speaker 1: We're talking with John Arnold Money Talks. Before I run
- 2:50:04Speaker 1: out of time, talk about the hedge fund, please. So
- 2:50:08Speaker 1: people understand it who are hearing it for the first time.
- 2:50:10Speaker 1: John Arnold has his own hedge fund. His own hedge fund.
- 2:50:15Speaker 1: It can max out at 100 participants in his own
- 2:50:20Speaker 1: hedge fund and pick it up from there.
- 2:50:25Speaker 2: Well, right now, I think I have like two or
- 2:50:27Speaker 2: three more subscriptions to fulfill. I can get back to
- 2:50:31Speaker 2: taking subscribers now. I had to slow it down. I
- 2:50:34Speaker 2: used to have a big staff. It's just me and
- 2:50:37Speaker 2: another person taking in all these applications. And so I'm
- 2:50:41Speaker 2: going to get back to it. So if you're interested,
- 2:50:44Speaker 2: if you're an accredited investor and you can afford to
- 2:50:48Speaker 2: put money into my hedge fund, you will be a
- 2:50:50Speaker 2: fool not to. It's that good. The accreditation is a
- 2:50:55Speaker 2: million dollars in assets outside your residence, or $ 200, 000 a
- 2:50:58Speaker 2: year in income, or you and your wife jointly, $ 300, 000 total,
- 2:51:03Speaker 2: or the ability to put $ 200, 000 in at once. If
- 2:51:05Speaker 2: you have.
- 2:51:06Speaker 3: $ 200, 000.
- 2:51:07Speaker 2: And it's money that you can risk and you believe
- 2:51:11Speaker 2: in my skills, put money in my hedge fund because
- 2:51:14Speaker 2: the subscriptions are running out and that's that. We're beating
- 2:51:18Speaker 2: the market already. I have history of beating the market
- 2:51:21Speaker 2: with our managers. And here's the thing. People keep saying, well,
- 2:51:24Speaker 2: it's a ton of risk.
- 2:51:25Speaker 3: It's not a ton of risk.
- 2:51:27Speaker 2: It's risk. If you don't, if you, if you don't
- 2:51:29Speaker 2: believe in the stock market, you don't believe in the manager.
- 2:51:31Speaker 2: There are hedge funds out there to do private equity.
- 2:51:34Speaker 2: There are funds out there to do extreme risk. I'm
- 2:51:37Speaker 2: just doing what I always used to do, except I'm
- 2:51:38Speaker 2: managing it on a daily basis. I'm using the same
- 2:51:41Speaker 2: exact things I used to do, except I'm managing it
- 2:51:43Speaker 2: throughout the day, taking the gains when I can, putting
- 2:51:47Speaker 2: stopovers when I need to, and just moving on. I'm just,
- 2:51:51Speaker 2: constantly managing it, and it's kicking out great returns right now.
- 2:51:55Speaker 1: So that's it. All right. Now, with that in mind,
- 2:51:59Speaker 1: of course, you have assistance. You have some help in
- 2:52:02Speaker 1: addition to you. Just talk briefly about the three other
- 2:52:05Speaker 1: people that are involved. One guy is your compliance guy.
- 2:52:08Speaker 1: The other two guys also assist with the selection of
- 2:52:11Speaker 1: the investments.
- 2:52:14Speaker 4: Yes.
- 2:52:14Speaker 2: Gabe is my operations guy who's on vacation this week. Um,
- 2:52:18Speaker 2: Edward Scott, who's the, uh, he's a, he's a CTO
- 2:52:22Speaker 2: chief technology officer. He's the guy that doing the website and,
- 2:52:25Speaker 2: and you know, the technical technology operations and there's the superstar.
- 2:52:30Speaker 2: He's the guy helping me manage the money with Steve
- 2:52:32Speaker 2: and Steve is like, he's the kind of guy you
- 2:52:35Speaker 2: see on a TV show, but he's the real thing. He's, he's,
- 2:52:38Speaker 2: he's way smarter than me and he's better at it
- 2:52:40Speaker 2: than what I do. And I'm pretty good. So it's that,
- 2:52:42Speaker 2: that team and they're doing.
- 2:52:43Speaker 3: Great for us.
- 2:52:44Speaker 1: And you guys work jointly on it. And if you're
- 2:52:48Speaker 1: interested in the hedge fund, as you said, if you
- 2:52:50Speaker 1: have $ 100, 000, $ 200, 000 that you can put in and or
- 2:52:54Speaker 1: you have that meet the other criteria, there's criteria to
- 2:52:59Speaker 1: get into the hedge fund.
- 2:53:00Speaker 2: It's one of.
- 2:53:01Speaker 1: One of three.
- 2:53:02Speaker 3: You don't have to know which one of, yep.
- 2:53:04Speaker 4: All right.
- 2:53:04Speaker 1: So one of the three. If you're interested in exploring
- 2:53:08Speaker 1: that more, this is John Arnold's hedge funds that he
- 2:53:13Speaker 1: has started. It officially started June 1st. If you're interested
- 2:53:17Speaker 1: in getting into it, you have to get in during
- 2:53:21Speaker 1: an open period during June for the start of you'd
- 2:53:25Speaker 1: be in it in July. In other words, it always
- 2:53:28Speaker 1: starts on the first of the month. That's correct.
- 2:53:30Speaker 2: People are already in it.
- 2:53:30Speaker 3: They're in it.
- 2:53:31Speaker 4: Right.
- 2:53:32Speaker 1: Yeah. And when each month comes to an end, like
- 2:53:35Speaker 1: when we get everything at the end of June and
- 2:53:39Speaker 1: the auditors go over it all, you can say, here's
- 2:53:43Speaker 1: what we did and here's what our returns were. So
- 2:53:46Speaker 1: people can hear it firsthand where you've gone with your
- 2:53:49Speaker 1: hedge fund managed on an hourly and daily basis on
- 2:53:54Speaker 1: buying and selling hedge. those of you that are familiar
- 2:53:57Speaker 1: with hedge funds, John Arnold's hedge fund. Now, how do people,
- 2:54:02Speaker 1: and go slow for us, get information about this or
- 2:54:05Speaker 1: contact you about this?
- 2:54:09Speaker 2: They can call us at 330-288-7709, or you can email
- 2:54:11Speaker 2: me at jon.arnold at theinvestment.coach. Again, J-O-N period Arnold at theinvestment.coach.
- 2:54:28Speaker 2: Phone number 330-288-7709.
- 2:54:31Speaker 1: All right, so that's the website. That's the phone number
- 2:54:38Speaker 1: to give John a call if you would like to.
- 2:54:40Speaker 2: Well, that's the email, yeah.
- 2:54:41Speaker 1: The email, excuse me, and the phone number to get
- 2:54:43Speaker 1: a hold of John to get involved in his hedge fund.
- 2:54:47Speaker 1: Once there's 100 people in it, then that... It is
- 2:54:50Speaker 1: closed down at that point. You cannot take any more
- 2:54:53Speaker 1: than 100 people in the hedge fund. John, I appreciate
- 2:54:57Speaker 1: your time as always. First, I appreciate your insight into
- 2:55:00Speaker 1: what's going on economically and what's going on in the market.
- 2:55:03Speaker 1: These are very interesting times as far as anyone knows.
- 2:55:08Speaker 1: So we look forward to talking to you again about that.
- 2:55:11Speaker 1: I appreciate the great insight on AI. I've got to
- 2:55:16Speaker 1: talk about that more on my program and what you
- 2:55:18Speaker 1: had to say there. And, of course, you know, the
- 2:55:21Speaker 1: hedge fund speaks for itself, and the returns will speak
- 2:55:23Speaker 1: for themselves on what you do there. One more time
- 2:55:26Speaker 1: on the phone number before I get a scoot?
- 2:55:28Speaker 2: Sure. 330-288-7709. No pressure. Give us a call.
- 2:55:34Speaker 1: Thank you, John. Appreciate it. Thank you. John Arnold's Money Talks, Thursdays,
- 2:55:39Speaker 1: NewsRadio 570 WKBN. What a great insight on AI. And
- 2:55:45Speaker 1: I'm telling you, that hedge fund of his is very interesting.
- 2:55:48Speaker 1: Give him a call.
- 2:55:55Speaker 13: From ABC News, I'm Michelle Franzen. A potential deal to
- 2:55:59Speaker 13: end the war with Iran taking shape. President Trump says
- 2:56:02Speaker 13: there's a conceptual agreement and it could be signed as
- 2:56:04Speaker 13: soon as this weekend. ABC's Louis Martinez says it comes
- 2:56:07Speaker 13: after President Trump vowed to carry out new strikes against
- 2:56:10Speaker 13: Iranian targets tonight, now called off.
- 2:56:13Speaker 24: When you have the president again saying that there would
- 2:56:16Speaker 24: be more strikes today and then he cancels them, then yes,
- 2:56:19Speaker 24: you have to see this as a de-escalation because this
- 2:56:22Speaker 24: was something that was in the U.S. was in control,
- 2:56:25Speaker 24: not Iran. Previously, the United States had been responding to
- 2:56:28Speaker 24: Iranian attacks and then it went back and forth, back
- 2:56:30Speaker 24: and forth on the same day. But what you saw
- 2:56:32Speaker 24: yesterday was the United States really launching the offensive here
- 2:56:36Speaker 24: to try to get Iran towards a negotiating table for
- 2:56:39Speaker 24: an agreement.
- 2:56:40Speaker 13: On the heels of an inflation report showing consumer prices
- 2:56:43Speaker 13: surged 4% last month compared to a year ago, highs
- 2:56:46Speaker 13: not seen in three years due to the Iran war.
- 2:56:49Speaker 13: The producer price index today showing it jumped 6.5% in
- 2:56:53Speaker 13: May from the previous year.
- 2:56:55Speaker 26: The number suggests that inflationary pressures faced by consumers are
- 2:56:58Speaker 26: beginning to percolate up through the supply chain. Analysts say that,
- 2:57:02Speaker 26: as with the Consumer Price Index, surging fuel and food
- 2:57:05Speaker 26: prices are behind the increase in the PPI.
- 2:57:07Speaker 13: ABC's Jim Ryan has Matt Teams at the Pentagon today,
- 2:57:10Speaker 13: earlier after sensors triggered an air quality incident in sections
- 2:57:14Speaker 13: of the high security facility. Some workers told to shelter
- 2:57:17Speaker 13: in place. Tests, though, showed it was a false alarm.
- 2:57:20Speaker 13: Mexico beat South America today in the first match of
- 2:57:23Speaker 13: the FIFA World Cup. Next match, Los Angeles, tomorrow night.
- 2:57:26Speaker 13: ABC's Christian Cordero is there.
- 2:57:28Speaker 11: LA's a host city.
- 2:57:29Speaker 27: It's hosting tomorrow. But the crowds are out today in
- 2:57:32Speaker 27: large part to support Team Mexico. We know there's a
- 2:57:34Speaker 27: huge Mexican-American population here in LA. But tomorrow, all eyes
- 2:57:39Speaker 27: will turn to the match between the U.S. and Team
- 2:57:42Speaker 27: Paraguay as they kick things off here in the U.S.
- 2:57:45Speaker 27: at what is expected to be an exciting tournament from
- 2:57:48Speaker 27: beginning to end.
- 2:57:49Speaker 13: You're listening to ABC News.
- 2:57:55Speaker 28: Hot summer days and high energy bills are on the way.
- 2:57:58Speaker 28: Upgrade your home's old leaky windows this month during WindowNation's buy, forget,
- 2:58:02Speaker 28: for free sale. Yes, half of your new, beautiful, energy-efficient windows, free. Plus,
- 2:58:06Speaker 28: no money down and no monthly payments or interest for
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- 2:58:18Speaker 28: That's 866-286-70 or WindowNation.com to book a consultation.
- 2:58:24Speaker 22: I've been telling you all about the secret war on
- 2:58:26Speaker 22: our cash and the free report you can receive a
- 2:58:28Speaker 22: copy of by contacting Swiss America at 800-289-2646. I'd also
- 2:58:33Speaker 22: like to encourage you to subscribe to their podcast on YouTube.
- 2:58:35Speaker 22: Just search Swiss America Trading. The podcast can provide you
- 2:58:39Speaker 22: a ton of vital information and financial news in the
- 2:58:41Speaker 22: challenging and uncertain times we're in. Subscribe today. Learn more
- 2:58:44Speaker 22: about BRICS, industry leaders, and their market predictions for the future,
- 2:58:48Speaker 22: along with what you might expect to see in terms
- 2:58:49Speaker 22: of precious metal performance in the weeks and months ahead.
- 2:58:52Speaker 22: Message and data rates may apply.
- 2:58:55Speaker 13: Van Bolter, the man charged in the attacks against Democratic
- 2:58:58Speaker 13: lawmakers in Minnesota last June, changed his plea today to
- 2:59:02Speaker 13: guilty in his federal case. Bolter admitted he shot and
- 2:59:06Speaker 13: killed Minnesota State Representative Melissa Hortman and also attempted to
- 2:59:10Speaker 13: kill Senator John Hoffman and his wife, Yvette.
- 2:59:13Speaker 2: U.S.
- 2:59:13Speaker 13: Attorney for the District of Minnesota, Daniel Rosen, discussed their
- 2:59:16Speaker 13: decision on the change of plea agreement.
- 2:59:19Speaker 29: When you have a defendant that is prepared to plead guilty,
- 2:59:22Speaker 29: take consecutive life terms, plus... to ensure that he never
- 2:59:26Speaker 29: sees freedom again in his entire life. That was an
- 2:59:29Speaker 29: opportunity that we just could not. that we just could
- 2:59:32Speaker 29: not pass up.
- 2:59:33Speaker 13: Bolter still faces state charges in the killings. In Northern Ireland,
- 2:59:37Speaker 13: crowds of young men clashing with police in Belfast. Those
- 2:59:40Speaker 13: violent protests erupted in the wake of an immigrant from
- 2:59:43Speaker 13: Sudan charged with the brutal knife attack on a man.
- 2:59:46Speaker 13: ABC's James Longman has details.
- 2:59:48Speaker 25: Police say protesters have been trying to reach a hotel
- 2:59:51Speaker 25: they believe was housing immigrants and disturbingly earlier this week
- 2:59:54Speaker 25: some went door to door in a local street looking
- 2:59:57Speaker 25: for foreigners and torching homes. Now, the family of the
- 3:00:00Speaker 25: man who lost his left eye in that attack have
- 3:00:02Speaker 25: appealed for calm, and they say that while they're completely
- 3:00:04Speaker 25: devastated by what's happened to him, they reject violence as
- 3:00:08Speaker 25: the response.
- 3:00:09Speaker 13: Last night's celebrations in New York City following the New
- 3:00:11Speaker 13: York Knicks' record comeback win against the San Antonio Spurs
- 3:00:14Speaker 13: led to police arresting more than 50 people outside Madison
- 3:00:17Speaker 13: Square Garden due to rowdy fans getting out of hand.
- 3:00:20Speaker 13: I'm Michelle Franzen, ABC News.
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