Latest / Profits & Politics / Maria Bartiromo did what?

Transcript

Maria Bartiromo did what? · Profits & Politics

• 0:16
  SPEAKER_00: Good morning and welcome to the Morning Call Show.
• 0:18
  SPEAKER_00: I'm Bob Sellers here with Jerry Burke to News Vets now, taking a look at the right and wrong in between the right and left.
• 0:24
  SPEAKER_00: Jerry, what are you looking at this morning?
• 0:26
  SPEAKER_01: Well, I got a I got a whole bunch of stories about Maria Bartromo.
• 0:31
  SPEAKER_00: Oh, okay.
• 0:32
  SPEAKER_00: You know, I didn't even put uh Maria's picture on.
• 0:37
  SPEAKER_00: Or did I?
• 0:38
  SPEAKER_00: I can't remember.
• 0:38
  SPEAKER_00: But yeah, go ahead and talk about Maria's somebody.
• 0:41
  SPEAKER_01: You and I have both uh Yeah, this and this story does strike close to our hearts.
• 0:47
  SPEAKER_01: Um, but you know, what does a poor journalist do when she's caught in the middle of a power struggle between her network and the White House?
• 0:56
  SPEAKER_01: So I'm gonna read you a couple headlines and see if you can follow along.
• 0:59
  SPEAKER_01: Oh, there you go.
• 1:01
  SPEAKER_01: Very good, very good.
• 1:03
  SPEAKER_01: Yeah.
• 1:04
  SPEAKER_01: Um, Marie uh one headline Rumblings.
• 1:09
  SPEAKER_01: Fox News allegedly fired Maria Barteromo after they killed her election integrity segment about the 2020 election.
• 1:18
  SPEAKER_01: And then so she picked up the phone and notified the White House that the story had been killed.
• 1:24
  SPEAKER_01: Which, as you can assume, the White House picked up the phone and called Fox and said, What's going on?
• 1:31
  SPEAKER_01: And they were not very happy.
• 1:34
  SPEAKER_00: Um Well, let me may I have uh worked with Maria before I was at CNBC back in the late 90s, early 2000s, where she became kind of an icon on Wall Street.
• 1:46
  SPEAKER_00: Um and she would give live reports from the floor of the stock exchange back during the dot-com boom, and she really became famous for her reporting, and then she went on to anchor some shows, especially in recent years at Fox Business.
• 2:05
  SPEAKER_00: Yeah.
• 2:05
  SPEAKER_00: And you and I both know that uh what goes on behind the scenes can affect what happens on on the air.
• 2:14
  SPEAKER_00: And so she's been taken off the air.
• 2:16
  SPEAKER_00: And as you're saying, you know, you can't just share with the administration the guidance from the corporation.
• 2:23
  SPEAKER_01: Right.
• 2:24
  SPEAKER_01: I don't know, I don't know what she thought she was she was gonna accomplish there.
• 2:28
  SPEAKER_01: But get this.
• 2:30
  SPEAKER_01: This is uh from an industrial website that covers the industry TV.
• 2:36
  SPEAKER_01: With Maria Bartaromo leaving Fox News and Fox Business today, there's new, fresh rumors that she's gonna become President Trump's next White House press secretary.
• 2:48
  SPEAKER_00: She can't do that job.
• 2:49
  SPEAKER_00: I hate to put it that bluntly, but she's she's not fit for that job.
• 2:53
  SPEAKER_00: And if she does, it it's just the clock will be ticking.
• 2:57
  SPEAKER_00: And uh that's just if that happens, they're making uh I'm sorry, I don't mean to insult her by saying that Maria has certain um great talents.
• 3:10
  SPEAKER_00: And asking questions of business experts and focusing on the business implications uh of what's going on in the markets and the economy, she is really good at.
• 3:20
  SPEAKER_00: But I don't think she is the kind of person or the kind of journalist that could deftly walk that line between dealing with the media and representing the administration in a way that doesn't alienate one or the other.
• 3:37
  SPEAKER_01: No, you you hit the nail on the head.
• 3:39
  SPEAKER_00: I think she's better at she's not alone there.
• 3:41
  SPEAKER_01: She's better at asking questions than answering them.
• 3:45
  SPEAKER_00: Exactly.
• 3:45
  SPEAKER_00: And and so uh yeah, I I mean I've seen those rumors.
• 3:49
  SPEAKER_00: I don't believe them for a second because if anybody uh does a little more research, uh they know that she would not be good at that job.
• 3:57
  SPEAKER_00: Having said that, Jerry, I expect that Trump will hire her somewhere to thumb his nose at Fox.
• 4:02
  SPEAKER_01: Oh, yeah, yeah.
• 4:03
  SPEAKER_01: Well, um, speaking of that, I have uh uh Donald Trump himself has spoken out in support of who he calls the true warrior, Maria Bartarromo.
• 4:16
  SPEAKER_01: Um Trump praised Maria Bartaromo as a true warrior and predicted that fans of the longtime news host will not be happy after she was abruptly fired from the cable giant.
• 4:28
  SPEAKER_01: He said, I can't believe Maria Bartaromo is no longer going to have her great shows on Fox News and Fox business.
• 4:36
  SPEAKER_01: Trump posted.
• 4:38
  SPEAKER_00: Well, if somebody would look at this and say, Well, Fox is gonna lose viewers or they're gonna lose money, I got news for you.
• 4:46
  SPEAKER_00: Uh she was strongly behind the false claims that Fox put out on the air that the election in 2020 was stolen.
• 4:55
  SPEAKER_00: It was not stolen.
• 4:57
  SPEAKER_00: And if you still believe it was, there's something wrong with your ability to decipher what is fact and what is fiction.
• 5:04
  SPEAKER_00: So it can be political.
• 5:07
  SPEAKER_00: I have, I would argue that I've lost my job because I wouldn't go along with stolen election claims.
• 5:12
  SPEAKER_02: That's another thing.
• 5:14
  SPEAKER_00: But she clearly said things on the air, which put her network and the corporation at risk, and eventually, along with things said by Lou Dobbs and others, they ended up having to pay$787 million.
• 5:32
  SPEAKER_01: Yep.
• 5:33
  SPEAKER_01: Which, yeah, uh that was that was not a good day, you know, because then other media outlets were also, you know, possibly on the hook for that much money.
• 5:44
  SPEAKER_01: That's that that's a planet killer.
• 5:47
  SPEAKER_01: That could take a company out of business.
• 5:49
  SPEAKER_00: Well, that's why when you say, oh, they're gonna lose viewers, it's like, yeah, but you know, if it comes down to operating as a going concern, uh Fox makes a lot of money.
• 6:00
  SPEAKER_01: And with or without the thing about Fox is such a juggernaut, they have talent, they have talent and they have good talent, literally stacked up like firewood in the hallways.
• 6:12
  SPEAKER_01: Oh, yeah.
• 6:12
  SPEAKER_01: You know, absolutely somebody at Fox told me once, they said, Jerry, it's like if you're to get fired, it's like taking your thumb out of a glass of water.
• 6:23
  SPEAKER_01: Yeah.
• 6:23
  SPEAKER_01: You know, the you're not even missing, you don't even leave a hole, you know.
• 6:27
  SPEAKER_01: Right.
• 6:28
  SPEAKER_01: So I was like, wow, that's a sobering thought.
• 6:32
  SPEAKER_00: Yeah, now I could also argue um that Maria's show has become too political in recent years.
• 6:41
  SPEAKER_00: In fact, I have clients, one of the things we don't talk a lot about a lot about this, but I one of my uh companies, private companies, is I help get people on some of these business programs.
• 6:54
  SPEAKER_00: And I won't put certain clients on certain shows because I don't want them to have to be political.
• 7:02
  SPEAKER_00: If they are political, that's fine.
• 7:04
  SPEAKER_00: If they're if they're a politician or in that world, that's fine.
• 7:08
  SPEAKER_00: You can put them on, but there's some shows, uh business shows that are so political that I won't put just a straight business person.
• 7:16
  SPEAKER_00: So you could argue that that morning show, which does get quite a few eyeballs and competes against Squawkbox, maybe too political, but at the same time, you've got Joe Kernan over at um CNBC, and he's become uh kind of a spokesman for uh Donald Trump on a daily basis, seems to have uh uh an open communication.
• 7:40
  SPEAKER_00: Uh so I don't know.
• 7:41
  SPEAKER_00: Maybe, maybe that's okay.
• 7:43
  SPEAKER_01: Well, uh Maria kind of has a habit of you know just you know going her own way.
• 7:49
  SPEAKER_01: There was a she um is always at the high-profile financial events like Jackson Hole or you know, over in Europe.
• 7:57
  SPEAKER_01: And she sits down at one of these big events, and I think it was Jamie Diamond, she was interviewing, but she leans forward and she says, full disclosure, I I own like 30,000 shares in your company, okay?
• 8:10
  SPEAKER_01: And then she goes on with the rest of the interview.
• 8:13
  SPEAKER_01: But people are like, What?
• 8:15
  SPEAKER_01: Wait, what?
• 8:16
  SPEAKER_01: You can't be interviewing a guy that you own, you you own shares in his company.
• 8:21
  SPEAKER_01: So how is how is that not biased?
• 8:25
  SPEAKER_00: Well, how is it possible also?
• 8:27
  SPEAKER_00: Because when I was at CNBC, they had limits on what your ownership could be in companies and maybe 30,000.
• 8:35
  SPEAKER_00: I I don't think CNBC would allow that today, even though I know you're talking about possibly with their fox business.
• 8:42
  SPEAKER_00: Uh, but you're right, how can you maintain uh independence as a journalist if you're that literally that invested?
• 8:51
  SPEAKER_02: Yeah.
• 8:52
  SPEAKER_01: Yeah, I don't uh we'll see what happens.
• 8:55
  SPEAKER_01: I mean, I I think you're right, she's not going to be the White House press person because number one, you know, that that job pays like$75,000 a year.
• 9:03
  SPEAKER_01: Maria's million.
• 9:05
  SPEAKER_00: You realize she married well.
• 9:08
  SPEAKER_00: This is not somebody who needs money.
• 9:10
  SPEAKER_00: So she would do nothing for money at this point.
• 9:13
  SPEAKER_00: No, that's true.
• 9:14
  SPEAKER_00: But she would do something to thumb her nose up to get her former employer.
• 9:18
  SPEAKER_00: And so would Trump.
• 9:19
  SPEAKER_00: So I fully expect that there will be an announcement she plays some sort of role, maybe in the communications department.
• 9:26
  SPEAKER_00: Or is uh an advisor on the economic panels they have, whatever.
• 9:32
  SPEAKER_00: I could see her being involved.
• 9:34
  SPEAKER_00: And Trump will thumb his nose at Fox.
• 9:38
  SPEAKER_01: Yeah.
• 9:38
  SPEAKER_00: I have a couple of foreign stories.
• 9:41
  SPEAKER_01: Oh, really?
• 9:42
  SPEAKER_00: You don't you don't usually like to go beyond the American?
• 9:45
  SPEAKER_01: No, I know, I know, I know.
• 9:46
  SPEAKER_01: But this this uh, you know, because we like to have a like a potpourri of different uh things.
• 9:51
  SPEAKER_01: Um uh there are there are fears that Putin has targeted Germany yet again after two more suspected attacks.
• 10:01
  SPEAKER_01: What what is he up to?
• 10:03
  SPEAKER_01: So he's he's lobbed a couple of missiles accidentally into Poland, we know that, and now he's been going after German infrastructure like power plants.
• 10:12
  SPEAKER_01: And now Norway's gotten into the act and has seized a Russian ship, sparking Kremlin's fury over what they call piracy.
• 10:24
  SPEAKER_00: What do you think?
• 10:26
  SPEAKER_01: Well, I think the whole place is a powder keg, and I'm I'm really kind of worried, you know.
• 10:32
  SPEAKER_01: I Putin, um, you know, as I said before, he's a dead ender, you know, because he he can't stop fighting.
• 10:42
  SPEAKER_01: You know, if he stops fighting, it's a loss, he loses, and then he'll probably lose support in the Kremlin, and God knows he's already afraid of getting assassinated, you know?
• 10:52
  SPEAKER_00: Yeah.
• 10:53
  SPEAKER_00: I think if we start at square one, Putin came up in power during the end of the Cold War, and I think he wants the glory of the Soviet Union back.
• 11:05
  SPEAKER_00: Yeah.
• 11:06
  SPEAKER_00: And unfortunately for him, and maybe fortunately for us, they have lost the military power to do that.
• 11:14
  SPEAKER_00: And they've never had too much economic power because they're basically a gas station.
• 11:18
  SPEAKER_00: They sell gas to the world.
• 11:19
  SPEAKER_00: That's how they make oil, and that's how they make their money.
• 11:23
  SPEAKER_00: So I think he is poking Poland and Germany to see what we will do.
• 11:29
  SPEAKER_00: Yeah.
• 11:29
  SPEAKER_00: Because I think that he is testing NATO's strength militarily and politically, and he is daring Trump to say you attack Germany, you attack Poland, you get us too.
• 11:44
  SPEAKER_00: Because I I don't believe Trump will say that.
• 11:47
  SPEAKER_01: And I think that that's Yeah, I don't not at this point.
• 11:50
  SPEAKER_01: I I agree.
• 11:51
  SPEAKER_01: I think you know, he's testing Article V.
• 11:53
  SPEAKER_01: Putin is testing Article V where an attack on one of us is an attack on all of us.
• 11:59
  SPEAKER_01: Yeah.
• 11:59
  SPEAKER_01: Um, but uh yeah, I don't know if Article V stands up as strong as it used to.
• 12:05
  SPEAKER_00: I don't think Trump has an interest.
• 12:06
  SPEAKER_00: Now, some say he's too close to Putin, and uh I I'll let somebody else define that.
• 12:14
  SPEAKER_00: That's another conversation, but I will say he doesn't seem all that invested in NATO.
• 12:20
  SPEAKER_00: No, and doesn't seem to buy the concept of why NATO exists, and doesn't seem to think in a political or diplomatic way.
• 12:32
  SPEAKER_00: He thinks in transactions, and he can only see line items on a on a an accounting sheet.
• 12:40
  SPEAKER_00: Right when he goes to how much are they contributing?
• 12:44
  SPEAKER_00: Well, how come we gotta contribute?
• 12:46
  SPEAKER_00: Uh that's a very odd thing for career diplomats to deal with, but that's who's in charge.
• 12:54
  SPEAKER_01: Yeah, yeah.
• 12:54
  SPEAKER_01: Well, you know, I guess he doesn't want to be the world's piggy bank anymore.
• 12:58
  SPEAKER_01: You know, look at the bigger bigger.
• 12:59
  SPEAKER_00: I got this for you.
• 13:00
  SPEAKER_00: As the world's piggy bank, we became the biggest economy in the world and gave us leverage on people.
• 13:07
  SPEAKER_00: The bank, if you owe the bank money, they have control over you.
• 13:11
  SPEAKER_00: Uh of course, if you if if you uh owe the bank more money than the bank is worth, then you own the bank.
• 13:19
  SPEAKER_00: But the uh yeah, the dynamics now of NATO, I think Putin is pressing.
• 13:27
  SPEAKER_00: I think he's testing them.
• 13:29
  SPEAKER_01: Yeah, I agree.
• 13:30
  SPEAKER_01: Um, I got a blast from the past for you.
• 13:33
  SPEAKER_01: Okay.
• 13:36
  SPEAKER_01: Uh Archbishop Fulton Sheen.
• 13:40
  SPEAKER_01: Remind me.
• 13:42
  SPEAKER_01: TV preacher, uh bright red robe.
• 13:48
  SPEAKER_01: Okay.
• 13:49
  SPEAKER_01: Do you remember him?
• 13:51
  SPEAKER_01: Not really.
• 13:52
  SPEAKER_01: No, really?
• 13:54
  SPEAKER_00: No.
• 13:54
  SPEAKER_00: What did he do?
• 13:55
  SPEAKER_01: He he was bigger than Uncle Milty.
• 13:58
  SPEAKER_01: He outrated Uncle Milton Burl.
• 14:01
  SPEAKER_01: On TV on TV in the 50s.
• 14:04
  SPEAKER_01: This dude was like.
• 14:07
  SPEAKER_01: Yeah.
• 14:08
  SPEAKER_01: Okay.
• 14:08
  SPEAKER_00: This was sorry.
• 14:10
  SPEAKER_01: I don't remember that.
• 14:12
  SPEAKER_01: But I mean, guy was still alive in the 60s.
• 14:15
  SPEAKER_01: You'd see him around.
• 14:17
  SPEAKER_01: Uh but he he had the number one show in America.
• 14:21
  SPEAKER_01: And yeah, he would he would just talk about life and and God and all that kind of stuff.
• 14:28
  SPEAKER_00: Um I vaguely remember the name, but why is he in the news?
• 14:32
  SPEAKER_01: Oh, maybe I should get to the point.
• 14:34
  SPEAKER_01: Um he be he was uh the first televangelist, they call him.
• 14:39
  SPEAKER_01: He's now just one one step away from sainthood as a local woman details the miracles she says he performed.
• 14:47
  SPEAKER_01: So she said there she she and her husband prayed to Archbishop Fulton Sheen to heal their son after he showed no signs of life when medical professionals tried to revive him.
• 15:01
  SPEAKER_01: In 2010, doctors already prepared to record the time of death, but then suddenly detected a faint heartbeat after the prayers were said.
• 15:12
  SPEAKER_00: Jerry, you really are Irish, aren't you?
• 15:16
  SPEAKER_01: Yes, I yes, I am.
• 15:18
  SPEAKER_01: I believe in miracles.
• 15:20
  SPEAKER_00: Well, no.
• 15:21
  SPEAKER_00: Miracles is one thing.
• 15:23
  SPEAKER_00: Talking about uh Bishop Sheen and uh the uh on the verge of sainthood, I mean he was a huge star.
• 15:33
  SPEAKER_00: I I grew up um, I am not now, but I grew up Episcopalian.
• 15:39
  SPEAKER_00: And uh I always said that it was Catholic on a budget.
• 15:43
  SPEAKER_00: And uh we we would uh I always said that um uh the difference between Catholics and Episcopalians is when Catholics sinned, they would tell one person about it, you know, the the priest, and and yeah, and and when and when Episcopalians sinned, uh we wanted to tell everybody.
• 16:02
  SPEAKER_00: Tell the whole church, right?
• 16:04
  SPEAKER_00: We didn't want to tell just one person, yeah.
• 16:06
  SPEAKER_01: Um well I have I have an update on uh Hee-Haw the baby donkey.
• 16:15
  SPEAKER_00: Okay, I should have loaded up a picture of Hee-Haw.
• 16:19
  SPEAKER_01: Okay.
• 16:20
  SPEAKER_01: Uh a Georgia cop reveals why he shot and killed baby Donkey Hee-Haw.
• 16:27
  SPEAKER_00: Yeah.
• 16:28
  SPEAKER_00: I thought he was carrying uh uh a knife and it turned out to be a cell phone.
• 16:33
  SPEAKER_01: But now Hee-Haw's owner shares heartbreaking video of the beloved animal's final days.
• 16:39
  SPEAKER_00: Oh, it's a real tearjerker.
• 16:41
  SPEAKER_00: No, I don't want to see that.
• 16:43
  SPEAKER_01: Well, the Georgia cop who killed baby donkey hee-Haw claimed he shot the donkey because the beloved animal was charging at him.
• 16:52
  SPEAKER_01: As the cop, Trenton Garner, fired one shot at the one-year-old donkey after going into his pasture um at around 12 45 in the morning during a search for a missing 12-year-old girl.
• 17:08
  SPEAKER_00: So the poor donkey who's defending his land ends up dead because a cop doesn't process.
• 17:16
  SPEAKER_00: Look, I love cops, they work very hard, and I have friends who are cops, but come on.
• 17:22
  SPEAKER_00: Yeah, what do you expect?
• 17:24
  SPEAKER_00: You go into this kind of area, and he was charged.
• 17:27
  SPEAKER_00: Come on.
• 17:28
  SPEAKER_00: I don't know.
• 17:28
  SPEAKER_00: Little little health.
• 17:32
  SPEAKER_00: Can't you taste the donkey?
• 17:34
  SPEAKER_00: Look how small Eva was.
• 17:36
  SPEAKER_00: Look at that.
• 17:37
  SPEAKER_00: He's a tiny little thing.
• 17:39
  SPEAKER_00: It looks like a person.
• 17:40
  SPEAKER_01: She's holding him in her arms.
• 17:42
  SPEAKER_00: Oh, okay, okay.
• 17:43
  SPEAKER_00: So so you're charged by that little donkey.
• 17:46
  SPEAKER_00: I thought he was gonna be a big guy.
• 17:49
  SPEAKER_00: No, he's just a little thing.
• 17:51
  SPEAKER_00: A little donkey.
• 17:52
  SPEAKER_00: That is sad, Jerry.
• 17:53
  SPEAKER_01: That is I know it is.
• 17:54
  SPEAKER_01: It's I I think so.
• 17:56
  SPEAKER_01: You know?
• 17:58
  SPEAKER_01: Yeah.
• 17:58
  SPEAKER_01: So, all right, uh I got one last story.
• 18:02
  SPEAKER_01: Okay.
• 18:03
  SPEAKER_01: You got yeah, okay.
• 18:08
  SPEAKER_00: I told you I had a lot of them.
• 18:10
  SPEAKER_00: Yeah, but the stories you you have, it's like okay.
• 18:14
  SPEAKER_00: All right.
• 18:15
  SPEAKER_00: I mean, I I can talk about the jobs report and how it may mean we're gonna have rising interest rates.
• 18:21
  SPEAKER_01: Rather than baby hee-haw.
• 18:24
  SPEAKER_00: Okay, you got me there.
• 18:27
  SPEAKER_01: This is a this is a better story.
• 18:29
  SPEAKER_01: You liked it.
• 18:30
  SPEAKER_01: So, Louisiana State University, they'd just been given the L they'd just been given the green light by a judge to bring in former NFL players to play college ball.
• 18:43
  SPEAKER_00: That was one of my stories, Jerry.
• 18:44
  SPEAKER_00: Absolutely.
• 18:45
  SPEAKER_00: That's insane.
• 18:47
  SPEAKER_00: Yeah.
• 18:47
  SPEAKER_00: Um so that makes clear the college game now is a professional game.
• 18:55
  SPEAKER_01: No doubt.
• 18:56
  SPEAKER_00: I mean, we saw that change in recent years.
• 19:02
  SPEAKER_01: These players, former NFL players, are not come going back to school to learn, you know, ceramics or English or you know.
• 19:11
  SPEAKER_00: I wonder, did they graduate before?
• 19:13
  SPEAKER_00: I guess they had some eligibility left.
• 19:16
  SPEAKER_00: But I I don't like that.
• 19:18
  SPEAKER_00: Um as background, um, I was drafted to play professional baseball out of high school, but went to college on a baseball scholarship.
• 19:28
  SPEAKER_00: Okay.
• 19:28
  SPEAKER_00: Okay.
• 19:29
  SPEAKER_00: This was back before you could take direct money.
• 19:33
  SPEAKER_00: And the it was understood that if you went pro, you couldn't play college ball.
• 19:40
  SPEAKER_00: At least not in that sport.
• 19:42
  SPEAKER_00: Now my understanding is like if you played professional baseball, you could go back and play college football, or vice versa.
• 19:50
  SPEAKER_00: But now it's just clear that uh the NFL is a professional league, and now if you fall out of that, you go back to college football, and if you fall out of that, you go to women's soccer.
• 20:05
  SPEAKER_01: Right.
• 20:05
  SPEAKER_01: Yeah, yeah.
• 20:06
  SPEAKER_01: Megan Rapineau.
• 20:08
  SPEAKER_01: But um, yeah, you see, now it you know, it's clear that college ball is nothing but a farm league for the NFL.
• 20:15
  SPEAKER_00: Yeah, and I knew that that was the case, and in fact, uh, you could argue that that's the case for basketball and for baseball, because when I was coming up, uh the college ball was becoming the minor leagues because it's a lot cheaper to have the guys develop and you keep an eye on how they go and then you draft them.
• 20:34
  SPEAKER_00: Yeah.
• 20:34
  SPEAKER_00: And it's a lot cheaper to watch them uh develop at that level.
• 20:39
  SPEAKER_00: But now, with players being able to jump around every year, which I don't think they should be able to do, it's clear that it's just money, you know, it's just money that's bringing players.
• 20:50
  SPEAKER_01: I was at uh when I went to Seton Hall University, it was the year that they they got into the Big East for basketball.
• 20:57
  SPEAKER_01: Yeah, so they eliminated their entire college football program, put all the money into basketball, and recruited big time.
• 21:07
  SPEAKER_01: And I had one guy come in, uh it was an algebra class and tall guy, almost seven foot tall.
• 21:14
  SPEAKER_01: He showed up for one class and then I never saw him again for the rest of the year.
• 21:19
  SPEAKER_00: Well, I I took classes in college, and there were like there's you would find certain now at Virginia, it was still a tough academic place, and it's probably gotten easier for some of the athletes because most colleges find a way to get you, make sure you're eligible.
• 21:39
  SPEAKER_00: Back when I was there, they didn't really make it easy.
• 21:43
  SPEAKER_00: And having said that, there were certain classes that you knew, yeah, I can probably get through that.
• 21:49
  SPEAKER_00: And and one of them was physics, but it was elementary physics 101, and we called it football physics.
• 21:56
  SPEAKER_00: And always you'd go in and you'd see.
• 22:00
  SPEAKER_00: Half of the offensive line into okay, I'm I'm in the right place.
• 22:03
  SPEAKER_01: Yeah, you're in the right place.
• 22:06
  SPEAKER_01: Oh my god.
• 22:07
  SPEAKER_01: Um, do you have anything?
• 22:08
  SPEAKER_01: I think I'm out now.
• 22:09
  SPEAKER_00: Um, yeah, just the jobs thing was interesting.
• 22:12
  SPEAKER_00: There are 162,000 jobs.
• 22:14
  SPEAKER_00: And having said that, I mean the administration says this is fantastic, it's really expanding well.
• 22:20
  SPEAKER_00: If you average it over the past three months, it's not stellar numbers that we're adding in the economy, but it's okay.
• 22:28
  SPEAKER_00: And so what this means is if the Fed has one job has two things that it's responsible for is making sure that jobs are okay and making sure inflation is under control, and it has not been for several years.
• 22:44
  SPEAKER_00: So, what this means is they're not worried about the jobs as much as inflation.
• 22:48
  SPEAKER_00: So it's quite possible when the Fed meets in a couple of weeks, we actually may see interest rates go up a quarter of a point or something like that.
• 22:56
  SPEAKER_00: Well, you're right now than it was yesterday.
• 22:59
  SPEAKER_01: That's that story was so much better than Little Hee-Haw, the donkey.
• 23:05
  SPEAKER_00: Um, I want to show you another thing if we're talking business.
• 23:08
  SPEAKER_00: Look at this chart.
• 23:09
  SPEAKER_00: I think this is really interesting.
• 23:11
  SPEAKER_00: This is the difference in data centers, which is the line at the bottom.
• 23:16
  SPEAKER_00: That's data centers are being built.
• 23:19
  SPEAKER_00: And then factory construction, money going into factories, that's the top line.
• 23:23
  SPEAKER_00: And then at the very top, you can see Trump takes office.
• 23:26
  SPEAKER_00: So we've seen factories go down, data centers go up.
• 23:31
  SPEAKER_00: And I think this is a fascinating uh development when you see uh the the data centers becoming so popular.
• 23:40
  SPEAKER_00: Remember, Trump wanted to be the factory, the manufacturing president.
• 23:45
  SPEAKER_00: It's not turning out that way at all.
• 23:47
  SPEAKER_01: I don't I can't figure that out because like he was basically elected, he was basically elected on bringing manufacturing back to the government.
• 23:55
  SPEAKER_00: But he doesn't know how to do these things.
• 23:57
  SPEAKER_00: He doesn't know how to create manufacturing jobs.
• 24:00
  SPEAKER_00: He thinks he does, but he doesn't because he's it's not the 1970s.
• 24:05
  SPEAKER_00: Because if you were to start a factory from scratch, Jerry, the first thing you would do, you and I start running a factory, we'd say, okay, we get we need to, what are we making?
• 24:14
  SPEAKER_00: We need some workers.
• 24:16
  SPEAKER_00: However, is there a way we can automate this?
• 24:20
  SPEAKER_00: Is there a way that we can do this with pure workers?
• 24:23
  SPEAKER_00: Because, you know, a lot of these people they want holidays off, and they want uh they they want more money than we can really afford.
• 24:32
  SPEAKER_00: And if they get in a union, we got to deal with them.
• 24:35
  SPEAKER_00: And I'm not saying there's anything wrong with that desire from the workers.
• 24:39
  SPEAKER_00: What I'm saying is factories these days, they're looking for automation, they're looking for robotics, they're looking for machines that can operate 24-7.
• 24:49
  SPEAKER_00: That's one thing people don't think of data centers, data centers don't take time off.
• 24:56
  SPEAKER_00: Data centers go 24-7.
• 24:59
  SPEAKER_00: People don't think about that.
• 25:01
  SPEAKER_00: I mean, you and I, when we're in the work world, we may work more hours than eight hours, but it's we're getting paid at least for eight hours, right?
• 25:10
  SPEAKER_00: Yeah, and so and so, but we're getting a lot of time off.
• 25:14
  SPEAKER_00: We go home, we have to commute, we sleep.
• 25:17
  SPEAKER_00: Data centers aren't doing that, they're working 24-7.
• 25:21
  SPEAKER_00: Yeah, and yeah, draining utilities along the way, by the way.
• 25:24
  SPEAKER_00: But um, yeah, and so again, just uh put that back up, I do think this is interesting.
• 25:31
  SPEAKER_01: Yeah.
• 25:32
  SPEAKER_01: Yeah, that's that's our future right there.
• 25:35
  SPEAKER_01: And we're it is.
• 25:36
  SPEAKER_00: However, you and I can talk about this.
• 25:39
  SPEAKER_00: I'm uh today or tomorrow, I'm gonna go.
• 25:41
  SPEAKER_00: I'm right next to Loudoun County.
• 25:42
  SPEAKER_00: I'm gonna go take a look at it.
• 25:44
  SPEAKER_00: There are developments going on in Loudoun County that are quite interesting, Jerry.
• 25:48
  SPEAKER_00: And among them is a pushback from uh the public against data centers.
• 25:54
  SPEAKER_00: And when Trump says something like, if you're against them, then you're backwards and poor if you oppose them.
• 26:02
  SPEAKER_00: Uh Loudoun County is just the opposite.
• 26:05
  SPEAKER_00: For one thing, they've been progressive because they've been doing this over a dozen years, building data centers.
• 26:10
  SPEAKER_00: They have over 200 and they're like 40 under construction.
• 26:15
  SPEAKER_00: However, and and and they're rich.
• 26:18
  SPEAKER_00: People don't realize it.
• 26:19
  SPEAKER_00: Loudoun County, by median family income, is the richest county in the country.
• 26:25
  SPEAKER_00: And people don't realize that.
• 26:27
  SPEAKER_00: Okay?
• 26:27
  SPEAKER_00: So just the opposite of poor and backwards.
• 26:31
  SPEAKER_00: However, they're getting pushback for a number of reasons.
• 26:35
  SPEAKER_00: Number one, the electricity rates are going up, and part of that is the usage from the data centers.
• 26:41
  SPEAKER_00: Yeah, you've also got a situation in which the land prices are going up so much that in the section of Loudoun County, which is eastern Loudoun, where they're building all these data centers, they have something called Data Center Alley.
• 26:55
  SPEAKER_00: You've got all this development going on.
• 26:59
  SPEAKER_00: However, if you want to build a subdivision, uh you got to compete with the data centers who are spending millions, tens of millions of dollars just to buy the land.
• 27:09
  SPEAKER_00: Money's no object to them.
• 27:11
  SPEAKER_00: So if you want to come in and you want to put in a subdivision, you have a problem.
• 27:16
  SPEAKER_00: What?
• 27:17
  SPEAKER_00: Did something kick on?
• 27:19
  SPEAKER_01: Yeah, I got uh dogs.
• 27:22
  SPEAKER_01: Dogs weighing in.
• 27:23
  SPEAKER_01: Oh, okay, that's all right.
• 27:25
  SPEAKER_01: But anyway, just so long it's not heating.
• 27:27
  SPEAKER_01: I look forward to I look forward to seeing your new video then.
• 27:30
  SPEAKER_00: Yeah, okay.
• 27:32
  SPEAKER_00: And we can talk about it.
• 27:33
  SPEAKER_00: Um it's just their problems with data centers, they're starting to put they're trying to put a moratorium on development, or at least slow down the development because of pushback from the public.
• 27:44
  SPEAKER_00: And there are reasons for that, and nothing to do with being backwards and poor.
• 27:48
  SPEAKER_00: They are just the opposite.
• 27:50
  SPEAKER_00: Yeah.
• 27:50
  SPEAKER_00: But um, all right.
• 27:51
  SPEAKER_00: Okay.
• 27:52
  SPEAKER_00: Uh oh, that's the one final thing.
• 27:54
  SPEAKER_01: Oh, one final thing.
• 27:56
  SPEAKER_00: Um this is sad, and I don't even I don't even remember who they were playing.
• 28:03
  SPEAKER_00: We'll have to look it up.
• 28:04
  SPEAKER_00: But Rutgers was playing somebody yesterday, and which they were a 30-point uh favorite.
• 28:11
  SPEAKER_00: Okay.
• 28:12
  SPEAKER_00: Yeah.
• 28:13
  SPEAKER_00: And so they they planned on kicking their butts, and then um and then they were gonna have fireworks after the game.
• 28:22
  SPEAKER_02: Yeah.
• 28:23
  SPEAKER_01: Um I can't read the the uh headline.
• 28:28
  SPEAKER_00: Well, it's kind of squished.
• 28:30
  SPEAKER_00: The team lost.
• 28:32
  SPEAKER_00: They were 30-point favorites and lost, but they had planned the fireworks, so they went ahead and went with the fireworks afterward, after the game, anyway.
• 28:42
  SPEAKER_00: So it was kind of uh a sad display.
• 28:45
  SPEAKER_00: Yeah, you know, yeah, a celebratory display after losing to a team that you were favored.
• 28:54
  SPEAKER_00: Uh, I think I've lost you, Garrett uh Chair.
• 28:56
  SPEAKER_01: So all good.
• 28:58
  SPEAKER_01: Okay, all good.
• 29:00
  SPEAKER_01: All right, we'll talk to you later, Bob.
• 29:02
  SPEAKER_01: Okay, breaking news changes everything.