Latest / The Bill Handel Show / Fed Chairman Just Got Served | RIP Sprinkles Cupcakes
Transcript
- 0:00Speaker 1: You're listening to Bill Handle on demand from KFI AM
- 0:04Speaker 1: six forty.
- 0:07Speaker 2: Alf I AM six forty Bill Handle.
- 0:11Speaker 1: Here it is.
- 0:12Speaker 2: A Monday morning, January twelfth, and the news, of course
- 0:16Speaker 2: continues on because it is the weekend, and the new
- 0:20Speaker 2: cycle doesn't stop. It is twenty four hour. It's twenty
- 0:24Speaker 2: four to seven. Okay, here's the latest. The Trump administration
- 0:29Speaker 2: is launching a probe of FED Chairman Jerome Powell, a
- 0:33Speaker 2: criminal investigation, and this is tied to the Central banks
- 0:38Speaker 2: renovation of its headquarters. And Powell accused the Justice Department
- 0:44Speaker 2: of using the threat of criminal prosecution to pressure him
- 0:49Speaker 2: and the Central Bank to lower interest rates. And then
- 0:53Speaker 2: he talks about the newly issued grand jury subpoenas.
- 0:57Speaker 1: It's unprecedented.
- 0:58Speaker 2: And it's not just going after Powell per se, but
- 1:02Speaker 2: also attacking the Fed's independence. And that's the one thing
- 1:06Speaker 2: I think that we have to be most frightened of,
- 1:10Speaker 2: at least I am. It's not just going after those
- 1:13Speaker 2: in the administration, those in government that Donald Trump perceives
- 1:19Speaker 2: as an enemy, because then you just go right after them.
- 1:23Speaker 2: It's also the independence of these agencies. The Department of
- 1:27Speaker 2: Justice that used to be independent is now at the
- 1:29Speaker 2: beck and call of the president. The FBI is at
- 1:32Speaker 2: the beck and call of the president. The CDC does
- 1:36Speaker 2: exactly what RFK.
- 1:38Speaker 1: Wants it to do. And RFK is the arm of the.
- 1:41Speaker 2: President, and all the President has to do is pick
- 1:44Speaker 2: up the phone and go, here's the changes I want,
- 1:47Speaker 2: and it is happening. Tim Lower, who's a spokesman for
- 1:53Speaker 2: the top federal prosecutor in DC, said, we do not
- 1:56Speaker 2: comment on investigations. Actually, the top federal prosecutors Janine Piro,
- 2:02Speaker 2: who used to be sort of a judge on TV.
- 2:07Speaker 2: Now what's interesting is the president originally nominated Powell to
- 2:12Speaker 2: serve as his FED chair during the first term in
- 2:15Speaker 2: twenty seventeen, and now he has spent most of his
- 2:18Speaker 2: second term attacking, threatening to fire the FED chief, which
- 2:23Speaker 2: he's not allowed to do. Although he's pushing like crazy
- 2:26Speaker 2: because Powell is not slashing interest rates per the request
- 2:33Speaker 2: and the thinking of the President, saying that that's going
- 2:37Speaker 2: to juice up the economy. Senator Tom Tillis, a Republican
- 2:41Speaker 2: from North Carolina, went to X and said, if there
- 2:44Speaker 2: was any remaining doubt whether advisors within the Trump administration
- 2:48Speaker 2: are actively pushing to end. The independence of the FED.
- 2:52Speaker 2: There should be now none. It is now the independence
- 2:56Speaker 2: and credibility of the Department of Justice that's in question.
- 2:59Speaker 1: What Tay talking about.
- 3:01Speaker 2: Does anybody even think the DOJ is independent of the president.
- 3:07Speaker 2: I mean, give me a break. President picks up the
- 3:10Speaker 2: phone and calls the head of any agency and says,
- 3:16Speaker 2: this is what I want. So the attack on Powell
- 3:23Speaker 2: has to do with the Justice Department. Wauney information about
- 3:26Speaker 2: his June testimony before a Senate panel on steps to
- 3:31Speaker 2: the Central Bank took to tone down a renovation of
- 3:34Speaker 2: the Washington headquarters. That's the argument. The renovation has cost
- 3:39Speaker 2: billions of dollars. And there was that meeting, if you remember,
- 3:43Speaker 2: Trump went to the Central Bank, went to the FED
- 3:47Speaker 2: building and literally took out a piece of paper and said,
- 3:49Speaker 2: look at this billions of dollars of waste. And pul said,
- 3:53Speaker 2: wait a minute. Those billions of dollars have been spent
- 3:55Speaker 2: over years and years. Is that what we're doing. Some
- 3:59Speaker 2: of this was years ago, completely embarrassing the president. Someone's
- 4:05Speaker 2: had rolled on that one, I'm sure. And so what
- 4:08Speaker 2: we know is that Department DJ has targeted several of
- 4:14Speaker 2: Trump's perceived political folks, any Republican by the way that
- 4:17Speaker 2: the president has gone after that you can think.
- 4:19Speaker 1: Of, I can't.
- 4:23Speaker 2: And the criminal investigation went against New York Attorney general.
- 4:29Speaker 2: Attorney General Letitia James, and Adam Schiff, Democratic Senator of
- 4:33Speaker 2: California James Comey, former FBI director, all were investigated for
- 4:40Speaker 2: making false statement statements to Congress. Well, none of this
- 4:43Speaker 2: has worked. The efforts to convict has well, they haven't worked.
- 4:49Speaker 1: Really. A federal judge.
- 4:50Speaker 2: Last year disqualified the prosecutor that Trump appointed in Virginia
- 4:56Speaker 2: after firing the prosecutor who said, there's no evidence here
- 5:01Speaker 2: against Letitia James and Komy and so goodbye, you're gone.
- 5:07Speaker 2: New attorney general is put in, US attorney is put
- 5:12Speaker 2: in and indicted, and the judge throughout the indictments for
- 5:18Speaker 2: reasons that I told you about, and so okay, indictments
- 5:22Speaker 2: are throw on.
- 5:22Speaker 1: So what is the throw it out?
- 5:23Speaker 2: So what is the dog does is file again in
- 5:28Speaker 2: front of the grand jury against Letitia James and Komy.
- 5:32Speaker 1: And the grand jury refused to indict. No, we're not
- 5:37Speaker 1: going to do it. There's no evidence.
- 5:38Speaker 2: Here, not enough evidence. So what's happening now is so
- 5:45Speaker 2: going after the court. Does the President have a right
- 5:48Speaker 2: to fire the chairman, remake the FED, and we'll see
- 5:52Speaker 2: what Supreme.
- 5:53Speaker 1: Court has to say.
- 5:55Speaker 2: Congress designed the FED to be insulated from political pressure,
- 6:01Speaker 2: and the President said, nope, the FED is under my control. Effectively,
- 6:08Speaker 2: the FED is under the control of the President as
- 6:10Speaker 2: he figures, as is Congress is the Court. Now he
- 6:16Speaker 2: hasn't said the Court is under my jurisdiction. What he
- 6:19Speaker 2: has done and any president can do this, by the way,
- 6:23Speaker 2: is he has nominated very conservative judges who believe in
- 6:28Speaker 2: what he says and does in terms of the power
- 6:32Speaker 2: of the presidency.
- 6:34Speaker 1: In an extraordinary number of.
- 6:36Speaker 2: Decisions, those judges have gone like in ninety degrees ninety
- 6:43Speaker 2: percent give or take backing up President Trump's positions. Okay,
- 6:49Speaker 2: so much for that. It's getting to be a mess if,
- 6:52Speaker 2: of course it is.
- 6:53Speaker 1: Okay, let me.
- 6:53Speaker 2: Tell you about what's going on with an initiative here
- 6:57Speaker 2: in California. Chat gpt maker, open Ai and Common Sense
- 7:05Speaker 2: Media had rival initiatives that were designed to protect kids
- 7:10Speaker 2: from chatbots. But bottom line and what they did is
- 7:13Speaker 2: they merged their efforts. I'll tell you why, because when
- 7:17Speaker 2: you have competing initiatives they never pass.
- 7:22Speaker 1: In order to.
- 7:22Speaker 2: Pass an initiative, you have to have a majority where
- 7:26Speaker 2: you have to have fifty percent plus one vote, and
- 7:30Speaker 2: if you have competing initiatives, it doesn't fly because they're
- 7:35Speaker 2: never going to get fifty plus one vote. So they merged,
- 7:38Speaker 2: which makes sense, and now they've merged and the initiative
- 7:43Speaker 2: is known as the Parents and Kids Safe AI Act.
- 7:47Speaker 2: It would require chatbot developers to use technology to estimate
- 7:52Speaker 2: a user's age range, which AI can do, apply filters
- 7:57Speaker 2: and protective settings for people predicted to be under the
- 8:01Speaker 2: age of eighteen, independent audits for child safety risks, and
- 8:07Speaker 2: report them to the California Age Ban child targeted advertising,
- 8:13Speaker 2: no sale or sharing of kids data without a parent's consent,
- 8:18Speaker 2: stop manipulation.
- 8:19Speaker 1: And I don't know how.
- 8:21Speaker 2: You determine what that is through emotional dependency, by preventing
- 8:26Speaker 2: aisystems from promoting isolation from family and friends. And I'll
- 8:31Speaker 2: tell you why, because this is research. By the way,
- 8:34Speaker 2: common Sense Media did some research and found that seven
- 8:38Speaker 2: and ten have used comp you were talking about kids
- 8:40Speaker 2: have used Companion chat Box, and the text is just
- 8:44Speaker 2: it's just too dangerous the tech to be used by
- 8:47Speaker 2: minors and The poster child for that premise was the
- 8:52Speaker 2: case of Adam Rain, who committed suicide and the parents
- 8:59Speaker 2: are suing open Ais chat GPT, saying that the AI program,
- 9:05Speaker 2: the algorithm, actually encouraged him to kill himself.
- 9:10Speaker 1: And is it that dangerous, Well, it seems to be.
- 9:14Speaker 2: The research seems to show that these various the AI,
- 9:19Speaker 2: particularly chat GPT in this media company, is that kids
- 9:26Speaker 2: are influenced big time. And if you have a real
- 9:29Speaker 2: depressive kid, really depressed kid, sometimes what the algorithm does
- 9:34Speaker 2: is encourage which way you're going to go and tell
- 9:37Speaker 2: you how to do it.
- 9:38Speaker 1: You know, I'm thinking of killing myself. I'm not very happy.
- 9:41Speaker 2: Well, I want to back you up with your feelings,
- 9:45Speaker 2: and I know they're real, and you may consider and
- 9:48Speaker 2: then go through the whole list of ways of killing yourself. Now,
- 9:52Speaker 2: I don't know if that is specific, since I am
- 9:56Speaker 2: not an expert in this and I don't use AI.
- 10:01Speaker 2: This lawsuit says that that is exactly what the chat
- 10:06Speaker 2: GPT algorithm did and so you know, it's pretty dangerous
- 10:11Speaker 2: stuff and it can be. And now we're talking about
- 10:14Speaker 2: protecting minors, and I think teams are influenced, well, teens
- 10:18Speaker 2: are influenced. How much news do people get off the internet,
- 10:23Speaker 2: just adults get off the internet. Look at the conspiracy theories,
- 10:27Speaker 2: Look at the information that's going on. Look at the
- 10:29Speaker 2: fact that Americans in general look at the Internet and
- 10:34Speaker 2: think the news they get from there is certainly more
- 10:37Speaker 2: credible than anything they get with traditional media. I'm talking
- 10:41Speaker 2: about newspapers, TV, radio.
- 10:45Speaker 3: So it's doesn't bring up other things Bill, the fact
- 10:49Speaker 3: that on one hand, people are saying that kids, very
- 10:53Speaker 3: young kids can make surgical decisions about their sexuality and
- 10:57Speaker 3: their bodies.
- 10:57Speaker 1: Yeah, that's the other end.
- 10:58Speaker 3: On the flip side, they can't tell whether a robot
- 11:03Speaker 3: is telling them to kill themselves and they're okay with it.
- 11:05Speaker 3: If they don't have the ability of discernment at that point,
- 11:09Speaker 3: we have to protect them from, you know, any major decisions.
- 11:13Speaker 1: There's no question about that.
- 11:15Speaker 2: And then the issue is are are there enough controls?
- 11:20Speaker 2: Is the algorithm they're talking about, is it sophisticated enough
- 11:23Speaker 2: to do this?
- 11:24Speaker 1: Well?
- 11:24Speaker 2: It certainly is a start, and I don't think many
- 11:27Speaker 2: people have a problem with this, okay. In November, Mark Kelly,
- 11:32Speaker 2: who's a Senator Democrat from Arizona, was part of a
- 11:36Speaker 2: video in which he and five Democratic lawmakers issued. Well
- 11:45Speaker 2: basically said in the video, and this was targeted towards
- 11:50Speaker 2: members of the military, saying, do not listen to illegal orders.
- 11:56Speaker 2: You cannot follow illegal orders. You have no duty to
- 12:00Speaker 2: follow illegal orders, unconstitutional orders. And this is directly out
- 12:06Speaker 2: of the Uniform Code of Military Justice, you know US
- 12:10Speaker 2: law that controls the military. Well, Defense Secretary Pete Hegsitt's
- 12:15Speaker 2: a little bit upset about that. Promised a court martial
- 12:20Speaker 2: that was going to nail the Mark Kelly. The problem,
- 12:25Speaker 2: Oh he stopped that one. Why Well, because the court
- 12:28Speaker 2: martial you need evidence.
- 12:30Speaker 1: There has to be some administrative basis. So what he.
- 12:35Speaker 2: Did instead, he is reducing or attempting. It's an administrative move.
- 12:42Speaker 2: Kelly's retirement rank and military pension. That's what he can
- 12:46Speaker 2: do to punish him, is to knock down his rank
- 12:50Speaker 2: and his pension is based on rank. Now, keep in
- 12:53Speaker 2: mind that Kelly was in the military for twenty five years.
- 12:57Speaker 2: He flew combat missions, decorated and has been an astronaut
- 13:01Speaker 2: and flew several space missions. But he in doing that
- 13:09Speaker 2: in that video, obviously, the implication was that President Trump's
- 13:14Speaker 2: order is illegal. We're talking about the military being used
- 13:17Speaker 2: around the country. So this is the response from Hegsath,
- 13:23Speaker 2: who is the Defense secretary, and he is taking him
- 13:29Speaker 2: into this administrative, administrative move.
- 13:33Speaker 1: Which has never been done before.
- 13:36Speaker 2: Rachel Van lending him a retired Air Force lieutenant colonel,
- 13:39Speaker 2: former judge advocate who was involved in prosecuting and defending
- 13:46Speaker 2: people in the military. The bottom line, she says, this
- 13:49Speaker 2: isn't lawful. It's never been done. So heg Seth issued
- 13:53Speaker 2: a letter of censure to Kelly, claiming that his actions
- 13:57Speaker 2: were prejudicial to good order and discipline, which is part
- 14:02Speaker 2: of the uniform code. You have to have good order.
- 14:06Speaker 2: And this kicks off proceedings against Kelly. This here's what's
- 14:09Speaker 2: going to happen. Navy Secretary John Feelin has to make
- 14:15Speaker 2: a recommendation to Hegeth whether the reduction is warranted. Then
- 14:22Speaker 2: Hegseth decides if Kelly's rank is going to be removed
- 14:29Speaker 2: lowered to the pension will substantially be lowered. And this
- 14:37Speaker 2: is part of a ten US Code one thirty seven zero,
- 14:41Speaker 2: part F, and it determines it reduction is allowed.
- 14:47Speaker 1: And here's the problem.
- 14:49Speaker 2: Under the law failin who is the secretary. Navy Secretary
- 14:55Speaker 2: is solely responsible for the Great Reduction recommendation. No bore
- 15:00Speaker 2: is involved, no evidence is required. It's simply a recommendation
- 15:07Speaker 2: that then the Defense Secretary decides one way or the other,
- 15:12Speaker 2: which way do you think it's going to go. But
- 15:13Speaker 2: by the way, Phelan or Felon was a major contributor
- 15:17Speaker 2: to the Trump campaign in twenty twenty four, zero experience
- 15:21Speaker 2: with the military, and he is. And by the way,
- 15:24Speaker 2: there have been seven non veterans to serve as Navy
- 15:27Speaker 2: secretary in the past seven years, so that's not alone.
- 15:32Speaker 2: Trump has also stacked the Navy with other loyalists, three
- 15:36Speaker 2: acting political appointees, all of them were Trump supporters. There
- 15:42Speaker 2: are four conditions under this subsection that allow for a
- 15:47Speaker 2: retirement grade determination to be opened. If the retirement was
- 15:51Speaker 2: procured by fraud, if a mistake and calculation happened when
- 15:57Speaker 2: the retirement was figured out, santial evidence comes to light
- 16:02Speaker 2: after retirement that would have affected that determination, or if
- 16:06Speaker 2: the Service secretary finds that good cause exists, guess what
- 16:12Speaker 2: they're going to find good cause.
- 16:17Speaker 1: That's it.
- 16:17Speaker 2: That's all he has to do. And there is no
- 16:20Speaker 2: controls over this one. There's no oversight it is automatic.
- 16:24Speaker 2: If the Secretary decides that Kelly's rank is going to
- 16:31Speaker 2: be lowered and his retirement based on that is going
- 16:35Speaker 2: to be not as much guess what it's going to happen. Initially,
- 16:40Speaker 2: Hegsith wanted a court martial Kelly, but turned out that no,
- 16:46Speaker 2: it's not as quite as powerful as what he does.
- 16:48Speaker 2: By the way, asked about his decision to not court
- 16:51Speaker 2: martial Kelly, what has said is that we went.
- 16:56Speaker 1: Through the regular process. I don't know that means. I
- 17:01Speaker 1: don't know what that means. All right, It's just it
- 17:05Speaker 1: doesn't stop.
- 17:06Speaker 2: And hexeth Well, Kelly said clearly, if you say anything
- 17:11Speaker 2: against this president, under any circumstances, the administration goes after you.
- 17:19Speaker 2: And what's hilarious is that the Trump administration is arguing
- 17:24Speaker 2: that it was the weaponization of the Biden administration, and
- 17:30Speaker 2: we are fighting that weaponization in what we're doing. All right,
- 17:36Speaker 2: let's talk about cupcakes. I'm talking about the Sprinkles cupcakes.
- 17:41Speaker 2: December thirty one, they close all of their locations, no warning,
- 17:46Speaker 2: telling the employees, you're done, don't even bother coming in
- 17:49Speaker 2: tomorrow morning.
- 17:51Speaker 1: And it became a cultural phenomenon.
- 17:53Speaker 2: After launching the world's first cupcake atm all right, Neil,
- 17:58Speaker 2: I am not a fan of.
- 18:00Speaker 1: This sprinkles cupcakes. I like cupcakes. Mane of were great.
- 18:05Speaker 1: What's the problem with them because there were I hate
- 18:07Speaker 1: sprinkles on anything. Well, no, they don't.
- 18:10Speaker 3: Have sprinkles on their cupcakes. I mean they have, It
- 18:12Speaker 3: depends what you get. They're kind of known. They had
- 18:14Speaker 3: this little red disc candy disk on it with this
- 18:17Speaker 3: white dot in the center. That was their kind of
- 18:19Speaker 3: traditional one. I'm not a fan of like sugar. Like
- 18:24Speaker 3: when they sprinkle colored sugar on frosting, it's weird. It's
- 18:26Speaker 3: like putting sand in it.
- 18:28Speaker 1: Yeah. Also it's don't you find them cloying? These cupcakes?
- 18:32Speaker 1: They're full with sugar? Yeah, I mean frosting's frosting, man.
- 18:35Speaker 1: But I don't think that's the.
- 18:36Speaker 3: Problem they It was a delicious product. It's a really
- 18:39Speaker 3: sad story. So you trace all this back to the
- 18:42Speaker 3: early two thousands, when you at the height of its popularity.
- 18:48Speaker 3: The television show Oh Gosh, I just blanked Sex in
- 18:55Speaker 3: the City. So you've got the two leads eating a
- 19:00Speaker 3: cupcake out of a Magnolia bakery is what I think
- 19:03Speaker 3: it is there in New York and it created this
- 19:06Speaker 3: kind of rush to this one particular bakery. From that
- 19:11Speaker 3: you started. Now you had TV shows about cupcakes. You
- 19:15Speaker 3: had everybody and their mom popping up with cupcakes.
- 19:19Speaker 1: But at the lead of this.
- 19:21Speaker 3: One of the ones that shown, shoned, shown the brightest, shine,
- 19:26Speaker 3: the brightest was Sprinkles. And they started a little six
- 19:31Speaker 3: hundred square foot shop in Beverly Hills. And this was
- 19:36Speaker 3: a woman and her husband who got who were in financing,
- 19:40Speaker 3: and you had, you know, the bubbles starting to burst,
- 19:43Speaker 3: because this was two thousand and five. Two thousand and
- 19:47Speaker 3: eight is when the big bubble burst. But there was
- 19:49Speaker 3: a lot of finance issues and people leaving their jobs,
- 19:53Speaker 3: are getting fired, and she says, I'm changing directions. Started
- 19:58Speaker 3: in her home with you know, kitchen aid mixer, and
- 20:02Speaker 3: she was selling out day in and day out there
- 20:05Speaker 3: in Beverly Hills and came up with this twenty four
- 20:08Speaker 3: hour Kiosk thing, the little ATM. I think there were
- 20:12Speaker 3: something like fourteen locations. At the end there four hundred employees.
- 20:16Speaker 3: But some years ago she sold it to this private
- 20:22Speaker 3: equity firm and so she did great.
- 20:24Speaker 1: So she did great. Now this thing goes in the toilet.
- 20:28Speaker 1: It's just things. Taste change. Remember krispy Kreme.
- 20:32Speaker 2: We did story after story about Krispy Kreme when they
- 20:34Speaker 2: first came to Southern California was huge and they were
- 20:37Speaker 2: in such demand that the krispy Kreme these locations, and
- 20:43Speaker 2: of course donuts are baked right there or cooked right
- 20:46Speaker 2: there on the premises, and they would have a light
- 20:51Speaker 2: a spink like a light you have on ambulances that
- 20:54Speaker 2: would spin and it would be a siren and people
- 20:58Speaker 2: would buy the one hundred line up for Krispy Kreme
- 21:02Speaker 2: donuts just waiting for that light on the next batch
- 21:07Speaker 2: the show up.
- 21:08Speaker 1: Well, you go to Ralphs and I shop at Ralphs.
- 21:11Speaker 2: There it is in the food aisle, Krispy Kreme donuts.
- 21:15Speaker 2: The box is five a dozen for five bucks. And
- 21:19Speaker 2: then you go to the day Old Stuff and that's
- 21:22Speaker 2: stacked with Krispy Kreme donuts. I mean, it's just not
- 21:26Speaker 2: the same. People are very finicky in what they do.
- 21:29Speaker 3: Tastes are changing, and you nailed that they are changing,
- 21:33Speaker 3: and people are looking ingredients more. But there's kind of
- 21:37Speaker 3: a couple of things at play. The weird thing is
- 21:40Speaker 3: nobody in management they all it just fell immediately, like
- 21:46Speaker 3: in a day, people's lives changed. Here is the private
- 21:50Speaker 3: equity is looking their profit centers. Sometimes they, as we know,
- 21:55Speaker 3: they can, you know, push more life into a company
- 21:58Speaker 3: by putting some money. But if they're just squeezing these
- 22:01Speaker 3: things for profit, they starts changing the the quality of
- 22:05Speaker 3: the ingredients. Not saying this is true for them, but
- 22:07Speaker 3: these are things that have happened and they just fall
- 22:10Speaker 3: by the wayside.
- 22:12Speaker 1: Okay, I lost you an, Yeah, you know, and you're right.
- 22:17Speaker 2: I think it's it's a combination of taste changing, which
- 22:21Speaker 2: we do.
- 22:21Speaker 1: We're very finicky and overnight, and no one knows why.
- 22:25Speaker 1: You know.
- 22:26Speaker 2: For example, you go to go fundme pages and some
- 22:29Speaker 2: are in the co fundme program and it's almost impossible
- 22:33Speaker 2: to get any money unless you click. And when you click,
- 22:38Speaker 2: oh my goodness, does money come pouring in. You just
- 22:42Speaker 2: don't know which one works and which ones don't. And
- 22:46Speaker 2: then in terms of big business coming in or profit centers,
- 22:52Speaker 2: for example, I look at Boeing before McDonald douglas spot Boeing.
- 22:58Speaker 2: Boeing's philosophy is we build the best planes, we do
- 23:02Speaker 2: the best engineering we can, and profit is secondary to
- 23:07Speaker 2: building a great plane. So McDonald douglas comes in and
- 23:11Speaker 2: all of a sudden, guess what, bean counters go to
- 23:13Speaker 2: work and profit becomes a superior motive. And Boeing has
- 23:18Speaker 2: suffered because of that because now you have a for profit.
- 23:22Speaker 1: That's not to say that.
- 23:23Speaker 2: Boeing wasn't profitable before, but the engineering was far more important.
- 23:28Speaker 1: They believed the money would come from quality.
- 23:31Speaker 3: I would I have to ask, though, Bill, and I
- 23:34Speaker 3: haven't heard that about this particular story, but I've been
- 23:37Speaker 3: hearing that restaurants are trying to adapt to the GLP
- 23:40Speaker 3: one usage and have smaller plates. I wonder because you
- 23:45Speaker 3: can get like sugar dumps like you know that you had.
- 23:49Speaker 1: No, Yeah, absolutely sure.
- 23:51Speaker 3: I wonder if people are responding to sugar differently because
- 23:55Speaker 3: they're on GLP ones and it can make you sick
- 23:58Speaker 3: or you know, things like that.
- 24:00Speaker 1: Around We don't know. At this point. We don't know
- 24:03Speaker 1: because it just really started.
- 24:04Speaker 2: And then the other example I want to bring about
- 24:08Speaker 2: sales of companies and profits. Margins are more important than
- 24:13Speaker 2: the actual product. And here I look at iHeart. iHeart
- 24:17Speaker 2: has been bought by several organizations. Here's the good news.
- 24:21Speaker 2: It's not a question of going from good to bad.
- 24:25Speaker 2: It's a question of going from bad to bad. So
- 24:28Speaker 2: that becomes very easy to discern what the financial thinking was.
- 24:35Speaker 3: It's hard to spend money on the rest of us
- 24:37Speaker 3: when you pay the host so much just because.
- 24:40Speaker 1: Well, I'm fine with that. Okay, bad deband I don't care.
- 24:43Speaker 1: That's fine. You can pay you know what. I get
- 24:45Speaker 1: paid money to go make my bagel and you don't.
- 24:49Speaker 1: How about that? Huh?
- 24:51Speaker 3: Even on Zoom, you make yourself at the top and
- 24:53Speaker 3: the rest of us below you like eight, I appreciate it.
- 24:57Speaker 1: There you go, all right, KF I am six. You've
- 25:01Speaker 1: been listening to the Bill Handle Show.
- 25:03Speaker 2: Catch My Show Monday through Friday, six am to nine am,
- 25:06Speaker 2: and anytime on demand on the iHeartRadio app.