Latest / The Mark Simone Show / Hour 1: Oil prices continue to rise.

Transcript

Hour 1: Oil prices continue to rise. · The Mark Simone Show

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Speaker 1: Now sevenor presents no Mark Simon Shaw.
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Speaker 2: Hey, it's Friday. That's good news. It's Friday Tomorrow. We
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Speaker 2: go to daylight saving time tomorrow after midnight, starting Sunday,
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Speaker 2: light out till six point thirty fifteen days until spring.
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Speaker 2: All of next week, it's going to be in the sixties.
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Speaker 2: What more could you ask for? Even warmer the week
0:27
Speaker 2: after lots to get to today, we'll go over the
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Speaker 2: Christy Nome thing and what exactly happened there. We'll get
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Speaker 2: the latest on the war as we enter day seven.
0:35
Speaker 2: We'll get here the jobs numbers came out. They're terrible,
0:38
Speaker 2: but we'll get to why. Coming up, we'll get to
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Speaker 2: Nancy Guthrie and a whole lot more. Where to even
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Speaker 2: start Christy Nome. Hey, if you were listening yesterday at
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Speaker 2: this time, at exactly this time, remember I started telling
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Speaker 2: you Christy Nome would be fired later in the Sure
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Speaker 2: enough she was, and we told you that it'd be
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Speaker 2: Mark Wayne Mullen as probably the replacement, And it is Christinome.
1:04
Speaker 2: They were keeping an eye on her anyway, and there
1:05
Speaker 2: were a lot of people in the administration pushing for
1:08
Speaker 2: her to be gone. They didn't like the way she
1:09
Speaker 2: was running the department, a number of things, a lot
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Speaker 2: of ridiculous spending on big, enormous private jets to fly
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Speaker 2: her and her you fill in the blank, Corey Lewandowski around.
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Speaker 2: Everybody seemed to know they were having some kind of affair. Now,
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Speaker 2: he does work in the department, So if you're the
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Speaker 2: head of the department and it's a subordinate, you're not
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Speaker 2: supposed to be sleeping with them. This is not the
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Speaker 2: good old Don Draper days. You can't do this stuff anymore.
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Speaker 2: So there were a lot of things that also Minnesota, Minneapolis,
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Speaker 2: she just riled up that situation to ridiculous levels. You
1:51
Speaker 2: remember when Homan got there and was able to calm
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Speaker 2: things down quickly. That showed how bad the management of
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Speaker 2: it was by Christinome. They didn't like when she called
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Speaker 2: the the woman what was the name, Renee good here,
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Speaker 2: the protester who has killed a domestic terrorist. I mean,
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Speaker 2: that was just over the top. And then remember she
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Speaker 2: originally said the protester was brandishing a weapon. Well they
2:13
Speaker 2: weren't brandishing a weapon. So uh, sloppy, sloppy when it
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Speaker 2: comes to management a mess. Then she goes to these
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Speaker 2: hearings where she got torn apart first for this Corey Lewandowski. Now,
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Speaker 2: I think everybody kind of knew they were sleeping together,
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Speaker 2: and everybody and they didn't weren't good at keeping this
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Speaker 2: too secret. I mean you'd see them out carousing late
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Speaker 2: at night, getting drunk together. I mean they were. So
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Speaker 2: the hearings are taking place and they're asking about all
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Speaker 2: sorts of serious issues, and then the Corey Lewandowski stuff
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Speaker 2: comes up, and she can't answer it. She can't say
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Speaker 2: under oath, no, we're not having an affair, because it's
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Speaker 2: not true. If you didn't, you know, they need a
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Speaker 2: perjury problem, especially if the Democrats get back in power.
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Speaker 2: So she was asked about it, she would all offended.
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Speaker 3: Of course, Have you had sexual relations with Corey Lewandowski,
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Speaker 3: mister Sherman, I am shocked that we're going down and
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Speaker 3: peddling tabloid garbage in this committee today.
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Speaker 2: Yeah. Now, let's be honest. If you weren't the secretary,
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Speaker 2: and if he didn't work there, and neither of you
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Speaker 2: were married and you didn't work together, who the hell
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Speaker 2: do one who admit they were having sexual relations with
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Speaker 2: Corey Lewindowski. It doesn't sound good to begin with, but
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Speaker 2: under oath and she is his boss. It's not good.
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Speaker 2: So she was. They kept asking her over and over again.
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Speaker 4: I want to give you an opportunity to answer on
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Speaker 4: the record to Miss camlager Dove's question. I know you
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Speaker 4: said it's garbage, and it may be, but I really
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Speaker 4: think you need to say the word no into the
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Speaker 4: record so that you can clear that up.
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Speaker 3: I think the ridiculousness of this and the tabloids that
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Speaker 3: you are quoting and referencing are insane. And this has
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Speaker 3: been the thing that I've refuted is that hours and
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Speaker 3: I continue to do that. So to I would tell you.
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Speaker 2: Is we move on. We can move on.
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Speaker 4: I'm not going to belabor it.
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Speaker 2: This is what you do. Hold on.
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Speaker 4: I'm not doing anything.
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Speaker 5: Yea.
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Speaker 2: She couldn't say no, so that was problem number one.
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Speaker 2: But the big problem was, and this is really the
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Speaker 2: final straw that got her fired, with the spending two
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Speaker 2: hundred and twenty million of taxpayer money two hundred and
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Speaker 2: twenty million on an ad campaign that supposedly was to
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Speaker 2: stop border crossing to it was supposedly to stop that,
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Speaker 2: and it was supposedly to tell illegals to self deport.
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Speaker 2: They've had some success with getting illegals to self deport
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Speaker 2: and then come back legally. So that was what she claimed.
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Speaker 2: The purpose was twred. No, here's the real problem. And
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Speaker 2: the President Trump knew this, The White House knew this.
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Speaker 2: She's running for president in twenty twenty eight. Okay, that's okay.
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Speaker 2: I don't think she has any chance. But everybody's running
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Speaker 2: for president in twenty twenty eight. It's the three quarters
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Speaker 2: of the cabinet want to do that. So she was
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Speaker 2: using this campaign, this ad campaign, and the two hundred
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Speaker 2: and twenty million of our money to run for president. Now,
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Speaker 2: if you're really trying to run ads to get these
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Speaker 2: illegals to self deport, you wouldn't be running them on Hannity.
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Speaker 2: I don't think a lot of illegal aliens are watching Hannity.
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Speaker 2: It's a great show, and it's the biggest show in
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Speaker 2: cable news, been number one for decades. But that's not
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Speaker 2: where you'd run the ads. On Univision. You'd find ways
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Speaker 2: to target to get it seen by illegals. Many of
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Speaker 2: them aren't even speaking English, so you could tell from it.
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Speaker 2: Why would you run the ads on the number one
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Speaker 2: show Hannity because you're running for president and the ads
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Speaker 2: all feature her all made up and glamorous, riding a horse,
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Speaker 2: beautiful scenery in the background. If you're trying to get
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Speaker 2: people to leave, why would you put all this beautiful
5:45
Speaker 2: scenery in the background. So clearly there were campaign ads
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Speaker 2: for her two hundred and twenty million of taxpayer money.
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Speaker 2: Another thing about President Trump being a businessman and billionaire.
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Speaker 2: Businessmen are great at watching every penny. They're really good
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Speaker 2: at it. They know what things should cost, and even
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Speaker 2: out there in the campaign trail, the president would look
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Speaker 2: over every number and say to people, why are we
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Speaker 2: paying this much for this? Can't we pay less for that?
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Speaker 2: And it's not being cheap, it's just being a good businessman.
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Speaker 2: So when he found out about this two hundred and
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Speaker 2: twenty million that she spent, he actually said to somebody.
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Speaker 2: This was in private, but he said, who in twenty million?
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Speaker 2: I didn't spend that much on a presidential campaign. So
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Speaker 2: he was really mad about that. And the thing that
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Speaker 2: did her in the final straw in the hearing when
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Speaker 2: she was asked, did you get this approved? And he said, well, yeah,
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Speaker 2: ask the President wanted me to get the messaging out there. Yeah,
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Speaker 2: but do you approve this particular campaign. She said, yes,
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Speaker 2: well that's a lie, and that really did it for him,
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Speaker 2: and she was fired here. This was Senator Kennedy in
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Speaker 2: the hearing school.
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Speaker 6: It troubles me quarter a fifth to a quarter of
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Speaker 6: a billion dollars taxpayer money when we're scratching for every
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Speaker 6: penny and we're fighting over recision packages. I just can't
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Speaker 6: agree with Madam Sure Kerry, you still running those ends, Senator.
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Speaker 3: I did not have anything to do with picking those contractors.
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Speaker 3: I know politicals at the Department of Homeland Security understand
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Speaker 3: their officials followed the competitive bid process everything. I think
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Speaker 3: the ads are due to end here in March. I
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Speaker 3: think within a week.
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Speaker 6: I'm not sure.
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Speaker 3: The one that is running is focusing on angel families.
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Speaker 7: Have you seen that?
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Speaker 2: Nobody was buying any of that, so she's going. You know,
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Speaker 2: the President very careful not to fire anybody. He's not
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Speaker 2: a guy that likes to fire people. I know, I'm
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Speaker 2: the apprentice, you're fired, you're fired, you've been in real life.
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Speaker 2: He doesn't do that. If you went over to the
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Speaker 2: Trump organization, just about everybody there's been there twenty thirty years.
7:51
Speaker 2: So he's not big on firing people. But there comes
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Speaker 2: a time where you got to fire somebody, and he
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Speaker 2: did it with her. Now a lot of people are
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Speaker 2: saying who's next, because once you get that first one
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Speaker 2: out of the way, the next couple come easier. Well,
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Speaker 2: the betting odds are if anybody's next, and not right away,
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Speaker 2: but at some point, if anybody's next, cash Ptel third
8:13
Speaker 2: place would be Pam Bondy, but that's probably probably down
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Speaker 2: the road. So she's gone. Mark Wayne Mullen will take over.
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Speaker 2: And now the reason they've had chosen him. There are
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Speaker 2: a lot of reasons, but one is the obviously the
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Speaker 2: Senate will not confirm anybody for Trump. They're going to
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Speaker 2: give him a hard time about everything. They're going to
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Speaker 2: use the hearings to grandstand, attack Trump and all of that.
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Speaker 2: So they knew they had to pick a senator because
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Speaker 2: he's one of the club there. They won't be as
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Speaker 2: rough on one of their own. And one reason for
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Speaker 2: Mark Wayne Mullen, he's a very very very friendly, good
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Speaker 2: charming guy. At work. He makes friends with everybody, Democrats, Republicans.
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Speaker 2: He goes to lunch with the Democrats, works out in
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Speaker 2: the gym with them. He's very very close to everybody,
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Speaker 2: so he's got a good shot at getting through the hearings.
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Speaker 2: That's why he was always the one in mind. He
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Speaker 2: got the call right after the Christin Home firing. I
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Speaker 2: wasn't I've got to be honest with there.
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Speaker 8: I wasn't expecting the call today, but super excited and
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Speaker 8: I'm more excited about just ready to get started. There's
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Speaker 8: a lot of work we can do to get the
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Speaker 8: partner Homeland Security working and you know, working for the
9:21
Speaker 8: American people.
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Speaker 2: Yeah. Mark Wayne Mullen, who was before beating the Senator,
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Speaker 2: he was in the House, so he knows everybody in Congress.
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Speaker 2: They'll probably have an easy time sailing through. Mark Wayne
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Speaker 2: Mullen was you I't forget. He was an MMA fighter,
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Speaker 2: undefeated MMA fighter and from Oklahoma. So he'll do a
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Speaker 2: great job. They'll straighten it all out. Hey, let's just
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Speaker 2: get to the war for a second. It's day seven update.
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Speaker 2: We have now eliminated ninety percent. It was eighty three
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Speaker 2: percent last night, so now ninety percent. We've taken out
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Speaker 2: ninety percent of Iran's offensive capability. They've only got ten
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Speaker 2: percent of the offense left. Missiles, drones, very very few left.
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Speaker 2: It's going very well, we're only this is only in
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Speaker 2: day seven. To get ninety percent of their capability gone
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Speaker 2: in seven days is miraculous. Hey, let me just clear
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Speaker 2: up one thing. You're gonna hear this all the time
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Speaker 2: from the Democrats. This is an illegal war. Even Mamdani,
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Speaker 2: even crazy kooky Mamdani, the war is illegal, it's unconstitutional.
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Speaker 2: There's absolutely no truth to that. The president is in
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Speaker 2: total compliance with the War Powers Resolution, absolute total compliance.
10:38
Speaker 2: There is nothing illegal about this. There's nothing unconstitutional about this.
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Speaker 2: They can yell and scream. Hey, by the way, the
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Speaker 2: fake news, you know, whenever the president, whenever they play
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Speaker 2: a clip of the president, they start fact checking them
10:49
Speaker 2: like crazy. But how often are the fake news do
10:52
Speaker 2: you see some Democrat yell it's illegal war, unconstitutional war,
10:57
Speaker 2: and they don't fact check. They never come on and say, actually,
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Speaker 2: there's no violation of the War Powers Resolution because here
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Speaker 2: it is right here. It was done in nineteen seventy three.
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Speaker 2: By the way, we don't declare war when we go
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Speaker 2: to war with Congress, we don't deal. The last time
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Speaker 2: that was done was World War II. There've been about
11:16
Speaker 2: seventy five wars since then. Nobody's ever declared war. But
11:19
Speaker 2: just because after Vietnam they wanted to do this, they
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Speaker 2: passed the War Powers Resolution Act of limiting the president's power.
11:27
Speaker 2: Here it is, the President is in total compliance with it.
11:31
Speaker 2: Under the War Powers Resolution, the president can deploy forces.
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Speaker 2: He has authorization to do it in the first sixty days.
11:40
Speaker 2: He's got sixty days that he can do this. We're
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Speaker 2: only in day seven. He's got fifty three more days
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Speaker 2: to go. Now, what happens when you get to day
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Speaker 2: sixty under the resolution, he has thirty days to withdraw,
11:54
Speaker 2: so it's really ninety days. So he actually has eighty
11:58
Speaker 2: three more days to go before he has to go
12:01
Speaker 2: to Congress. Now he should notify Congress, which he did.
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Speaker 2: He obviously did notify them. He has briefed Congress on
12:09
Speaker 2: all of this. So he's absolutely in compliance War Powers Act.
12:14
Speaker 2: No problem at all. President's schedule goes to Miami later tonight.
12:19
Speaker 2: But there's a big meeting today in the White House
12:22
Speaker 2: about college sports. A lot of the big sports Nick Saban,
12:26
Speaker 2: Tiger Woods, I think Randy Levine is going to that big,
12:30
Speaker 2: big White House meeting. They're going to discuss fixing college sports.
12:34
Speaker 2: It's an absolute mess. Money got in there and just
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Speaker 2: screwed up everything. He got players. He got college players
12:41
Speaker 2: making more than NFL players now and they're changing schools
12:45
Speaker 2: to get better deals, better money. So something's got to
12:49
Speaker 2: be done to clean it up. Now, this will be
12:50
Speaker 2: open to the press. It's going to be a round table.
12:53
Speaker 2: They're allowing the press in to watch this. It'll probably
12:57
Speaker 2: be televised later to day. It'll be pretty interesting if
12:59
Speaker 2: you if you want to see what's going on the
13:01
Speaker 2: big mess of college sports. Hey, Kamala Harris getting a
13:06
Speaker 2: lot of flak from Democrats. You know, Jasmine Crockett lost
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Speaker 2: her primary race and it was Kamala that went down
13:12
Speaker 2: and endorsed her. It was Kamala couldn't I couldn't have
13:16
Speaker 2: done more, endorsing her everything she could do, and it
13:18
Speaker 2: didn't help one bit. So besides the fact she's a
13:21
Speaker 2: babbling yo yo, they're now starting to realize she's got
13:24
Speaker 2: no coattails. She can't move the needle for anybody. So
13:29
Speaker 2: that destroys her chances of being the nominee even more,
13:33
Speaker 2: not that she had much chance to begin with. Let's see, Oh,
13:38
Speaker 2: the Jesse Jackson funeral today, Yeah, that's gonna be interesting.
13:41
Speaker 2: The funeral today would be a big thing. Three presidents
13:44
Speaker 2: will be there, all the living presidents. President Trump will
13:47
Speaker 2: be there, but Bush, Clinton, Obama will all be there.
13:52
Speaker 2: I think Kamala Harris will be there. Probably get a
13:55
Speaker 2: couple other vice presidents. Joe Biden, I don't think he
13:58
Speaker 2: knows about it. Well, else you've got Al Gore. No, no,
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Speaker 2: well he'll probably show up too. A we'll take some calls.
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Speaker 2: In a minute. Eight hundred three to two one zero
14:08
Speaker 2: seven ten is the number we'll get to the jobs
14:10
Speaker 2: numbers coming up. But we'll take some calls next eight
14:12
Speaker 2: hundred three two one zero seven tenop. Wait a minute,
14:18
Speaker 2: wait a minute, uh oh, here it is here. It
14:22
Speaker 2: isn't the wrong way. I know what I want to
14:23
Speaker 2: tell you about. We're having our big networking event. You
14:26
Speaker 2: might want to come to this. It's gonna be pretty good.
14:28
Speaker 2: A lot of CEOs, business leaders, good chance to network,
14:32
Speaker 2: meet a lot of people. It's going to be March nineteenth.
14:35
Speaker 2: It'll be six to eight pm March nineteenth. There's this
14:39
Speaker 2: beautiful new office building two Park Avenue. It's at thirty
14:42
Speaker 2: fourth in Park and they've got this venue on the
14:45
Speaker 2: rooftop that has amazing views of New York. It's got
14:49
Speaker 2: beautiful outdoor terrace. But if you're looking for a corporate
14:52
Speaker 2: event place, great venue to Park Avenue. But that's where
14:55
Speaker 2: we're going to do it. And I'll be there, Larry
14:57
Speaker 2: MENTI will be there. Kirk Curtis leiwa who he starts
15:00
Speaker 2: this Monday here at wo R. He'll be co hosting
15:03
Speaker 2: the morning show. He'll be there. So it's a good
15:05
Speaker 2: chance to meet everybody, meet a lot of business leaders,
15:08
Speaker 2: executive CEOs, network and meet people. So if you want
15:12
Speaker 2: to come, it's March nineteenth, six to eight pm, but
15:15
Speaker 2: limited space. You got an RSVP and to do that
15:19
Speaker 2: you go to seven ten wor dot com slash live
15:24
Speaker 2: and you can reserve a spot. Seven ten WR dot
15:29
Speaker 2: com slash Live set up.
15:31
Speaker 1: Pre said on the iHeartRadio app to WOR to hear
15:34
Speaker 1: Mark live.
15:35
Speaker 3: Set another for Mark's podcast to hear him anytime.
15:40
Speaker 1: Now back to Mark Simone on WOR.
15:45
Speaker 2: Let's take some calls. Let's go to Mike and poker
15:48
Speaker 2: raton Mike, how you doing?
15:50
Speaker 9: Hey, Hey, Mark, thank you for taking my call. You know,
15:54
Speaker 9: everybody's in it up with this woman Christineome, but let's
15:58
Speaker 9: compare her what she did to what mayor for four years.
16:03
Speaker 2: Yeah, she was very good on the border. She got
16:05
Speaker 2: the border clothes. You did a good job. But the
16:09
Speaker 2: petty stuff, you know, well, it's not that petty. It's
16:12
Speaker 2: not that petty. If you're abusing a tax pay of
16:14
Speaker 2: money and you got you gotta gotta gotta, you gotta stop. Ye,
16:19
Speaker 2: it's not it's it's not good. You can't. You can't
16:22
Speaker 2: abuse the budget. Thanks for calling. You can't abuse the budget.
16:26
Speaker 2: You can't sleep with the employees. Uh, that kind of
16:29
Speaker 2: sty Hey, you could be Uh. You got two great
16:31
Speaker 2: executives at one company, big corporation, two great executives, one
16:35
Speaker 2: sleeping with an employee. Uh, and uh screwing around with
16:38
Speaker 2: the expense account. That's the one that will get fired.
16:41
Speaker 2: Let's go to uh Rich in Connecticut. Rich, how you doing?
16:45
Speaker 7: Hey, good morning, Mark. I'm here in the communist state
16:48
Speaker 7: of Connecticut.
16:49
Speaker 2: That's not that bad. Where are you in Connecticut?
16:52
Speaker 7: I'm in Connecticut, in Connecticut, I'm in a little rotten town.
16:57
Speaker 2: Of no Walk, nor Walk.
16:59
Speaker 7: Why you're calling it right, it's rotten.
17:01
Speaker 2: You're talking about You've got a beautiful Stu Leonard's there.
17:04
Speaker 2: You got a Wegmans, a new Wegmans.
17:06
Speaker 7: Yeah, when you're coming down, I may be there later.
17:09
Speaker 2: I'll be in Connecticut.
17:10
Speaker 7: Your check book and your money, I'll be.
17:12
Speaker 2: In Connecticut later today probably.
17:14
Speaker 5: Now you got so no, you gotta just come on
17:16
Speaker 5: over and visit.
17:18
Speaker 2: Got better. It's pretty good.
17:22
Speaker 7: Yeah, yeah, yeah, oh yeah, when they don't get invaded.
17:26
Speaker 2: You got a nice PC Richard there, you got a costco.
17:29
Speaker 2: You got everything in Connecticut in Norwalk.
17:32
Speaker 7: Yeah, if you can afford it. Right now, they're gonna
17:35
Speaker 7: put a tax on toothpicks over here in Connecticut.
17:37
Speaker 2: Well, you don't need a toothpick. But it's not that
17:40
Speaker 2: one thing.
17:41
Speaker 7: The only reason I really called. Okay, I'm really disheartened,
17:44
Speaker 7: and I hope I'm not going over the book, but
17:46
Speaker 7: I don't really care. They're hiring this sleeve water come
17:49
Speaker 7: on during the week with what's his name? Very nice guy,
17:53
Speaker 7: and I think this it's a bad.
17:55
Speaker 2: Up on everything. What's his name? We love Curtis Curtis
17:59
Speaker 2: and had the number one morning show in New York
18:02
Speaker 2: for many, many, many many years.
18:03
Speaker 7: Yeah, but let me tell you something.
18:05
Speaker 2: You already got the Norwalk Chamber of Commerce on the phone.
18:09
Speaker 2: You hate everything and everybody. Yes, it's not that type
18:13
Speaker 2: of show. We're not. We're not filled with hatred for
18:16
Speaker 2: everything and everybody here. Let's go to Dave in log Swamp.
18:20
Speaker 9: Dave, how you doing, heyy city boy?
18:24
Speaker 10: I gotta tell you about this kidnapping that happened about
18:28
Speaker 10: thirty years ago, the excellon executive.
18:33
Speaker 2: Uh, yeah, okay, there's a breaking news thirty years ago.
18:35
Speaker 2: What was it?
18:37
Speaker 10: Well, I mentioned it because of the kidnapping. We're not
18:40
Speaker 10: talking about now because of the war. But the man,
18:43
Speaker 10: the man's body was disposed of here about five miles
18:47
Speaker 10: from here in the pines.
18:49
Speaker 2: And did you have anything to do with it? Yeah?
18:53
Speaker 10: Right, that was up in North Jersey.
18:54
Speaker 2: Oh okay, oh North Jersey. That's kind of a big
18:58
Speaker 2: change for you.
19:00
Speaker 10: Sydney Sydney Risso yeah, that was the man's name.
19:06
Speaker 2: Maybe all right? Well great, well, thank you for timing
19:08
Speaker 2: that up. We were all wondering what the hell's going
19:10
Speaker 2: on with the phone today? Every call is, we're every
19:12
Speaker 2: call is, let's get one somebody normal here. Tommy mend
19:15
Speaker 2: of New Jersey, Tommy, how you doing?
19:18
Speaker 9: Hey? Mark?
19:19
Speaker 2: How are you good? That like a normal guy? Finally,
19:22
Speaker 2: go ahead?
19:24
Speaker 11: Thanks trying to publicize some I R S malfeasons. Long
19:28
Speaker 11: story short. After my divorce, I fell behind and taxed
19:31
Speaker 11: the infinents a payment plan with the I R S.
19:34
Speaker 11: I checked my balance about four and a half years later,
19:37
Speaker 11: and not one dollar was applied to reduce my principle.
19:42
Speaker 2: Well, how much interest? You know, that's one thing that
19:44
Speaker 2: I RASD. They put a ton of interest on it.
19:49
Speaker 11: But even still it should go every payment a portion
19:52
Speaker 11: should go to interest.
19:53
Speaker 2: Abortion I don't know, you got to pay off that
19:55
Speaker 2: interest first, I think how far how how far behind it.
20:02
Speaker 11: It was in the you know, five figures. But even
20:05
Speaker 11: with that and the interest amount I should have had,
20:07
Speaker 11: I should have paid the interest of you know, about
20:11
Speaker 11: a year and a half or two years in.
20:12
Speaker 2: So when you had this problem, you get yourself a
20:14
Speaker 2: good accountant or a lawyer or something to negotiate with
20:17
Speaker 2: the I R S. Well, yeah, I reached.
20:20
Speaker 11: Out to one of the tax companies that advised, and yeah,
20:24
Speaker 11: they actually worked with me. And I've been the process
20:26
Speaker 11: of solving this. But to me, I mean, any loan
20:30
Speaker 11: you pay down principle and it should have clearly broken the.
20:34
Speaker 2: Interesting It depends how depends how you negotiated you got
20:37
Speaker 2: to get one of those who's that sponsor we had
20:39
Speaker 2: for years that helps you with the I R s
20:40
Speaker 2: they going and negotiate for you. You need one of
20:43
Speaker 2: those kind of companies.
20:44
Speaker 11: Yeah, I did, and they said they called this to
20:48
Speaker 11: pay forever plan. The IRS keeps you on. They do
20:51
Speaker 11: it on purpose, so I just think they're playing games.
20:56
Speaker 11: And again the interest would have been paid often about
20:59
Speaker 11: a year and a half.
21:00
Speaker 2: After two years, well, good luck with it. We hope
21:03
Speaker 2: you straightened up. But I would get a better lawyer
21:05
Speaker 2: or something, one of my doctor Meltzer. I can't tell
21:07
Speaker 2: you what to do with the IRS anyway. We normally
21:13
Speaker 2: we get the best callers, the most interesting, upscale, fine, fun,
21:19
Speaker 2: happy callers. I don't know today everybody's got a problem.
21:21
Speaker 2: Everybody's miserable, everybody's hey. When we come back, we'll take
21:24
Speaker 2: a look at the jobs numbers. We're supposed to be good.
21:28
Speaker 2: Everybody thought it'd be a great jobs reported with you
21:30
Speaker 2: to add fifty thousand jobs. I think it was down
21:32
Speaker 2: ninety thousand. It didn't look good at all. And to
21:35
Speaker 2: make matters even worse, the good numbers from previous month,
21:39
Speaker 2: they just revised those down. So what the hell is
21:42
Speaker 2: going on. We'll talk to the best guy you could
21:45
Speaker 2: talk to on this subject, John Carney, Breitbart Business Digest.
21:49
Speaker 2: This is the best business writer right now and nobody
21:53
Speaker 2: better at analyzing this stuff. We'll find out what the
21:55
Speaker 2: real problem is and what's gonna happen with oil prices
21:57
Speaker 2: and what will happen with the stock market. We'll get
21:59
Speaker 2: to that next on seven to ten wor.
22:03
Speaker 7: Mister New York mar Simone on WOR.
22:08
Speaker 2: Well, bring you to the smartest people around now, Breitbart
22:12
Speaker 2: Business Digest. You got to read this, you got to
22:15
Speaker 2: subscribe to this. It's very important. Bright Bart Business Digest.
22:20
Speaker 2: The President reads it. I mean, the smartest people. Larry
22:23
Speaker 2: Kudlow is the first thing they read every day. Bright
22:26
Speaker 2: Bart Business Digest. Go to Breitbart and where it says newsletters.
22:30
Speaker 2: Sign up for the Breitbart Business Digest. It's free. It'll
22:32
Speaker 2: come right to your email. But sign up for it
22:35
Speaker 2: at Breitbart dot com. And the editor of the Business
22:38
Speaker 2: Digest is the brilliant John Karney, and he's with us
22:42
Speaker 2: right now. John Carney, how you doing.
22:44
Speaker 1: Thanks for having me Mark, and yeah, thanks for reading
22:48
Speaker 1: Business Digest.
22:50
Speaker 2: Well, thanks for doing it. It's great stuff. Now the
22:53
Speaker 2: jobs numbers today was supposed to be up fifty thousand.
22:56
Speaker 2: It's way down and they even revised down preview report.
23:00
Speaker 2: What happened.
23:02
Speaker 1: Yeah, it is a very bad jobs report. There's probably
23:07
Speaker 1: a few non economic factors going on. Remember how harsh
23:13
Speaker 1: February was weatherwise, and we had days where like you
23:18
Speaker 1: know with blizzards in New York, there was days where
23:22
Speaker 1: it was zero degrees less than zero degrees. You're not
23:26
Speaker 1: hiring and you're not looking for a job in that
23:29
Speaker 1: kind of weather. So that was probably contributed to part
23:33
Speaker 1: of it. But look, the forecasts were supposedly taking that
23:38
Speaker 1: into account. It's not like the people who said we
23:40
Speaker 1: were going to get fifty thousand jobs didn't know it
23:42
Speaker 1: was cold in February.
23:45
Speaker 5: So this is a lot worse.
23:46
Speaker 1: There was also has our health had a big strike
23:51
Speaker 1: the Department of Labor, so that took out a lot
23:54
Speaker 1: of the healthcare jobs. But this is a weak number
24:00
Speaker 1: of it is probably AI driven. We saw business and
24:04
Speaker 1: professional services and information those are two areas very exposed
24:08
Speaker 1: to you know, people losing their jobs to AI. Those
24:12
Speaker 1: both contracted. I think if you take a three month average,
24:18
Speaker 1: so we added a lot of jobs in January.
24:20
Speaker 5: But December got revised.
24:22
Speaker 1: Down to a from a gain of forty eight thousand
24:26
Speaker 1: to a loss. So we are that took out a
24:30
Speaker 1: lot of jobs. We are averaging only about six thousand
24:35
Speaker 1: jobs a month over the last three months, and if
24:38
Speaker 1: you take the six month average, we've lost one thousand
24:41
Speaker 1: jobs a month. That's a pretty weak labor market. The
24:45
Speaker 1: Federal Reserve should look at that and say, you know,
24:49
Speaker 1: there's some cause for concern here. We should be prepared
24:53
Speaker 1: to cut rates if we need to. However, they're also
24:57
Speaker 1: going to see stuff like oil prices rise very rapidly
25:01
Speaker 1: and get nervous that that could lead to uh, lead
25:05
Speaker 1: people to expect more inflation and therefore push inflation up.
25:08
Speaker 2: Yeah, but overall the economy is healthy. So yes, you
25:14
Speaker 2: must be very surprised.
25:15
Speaker 1: Absolutely, the economy is growing very quickly.
25:20
Speaker 2: We are.
25:21
Speaker 1: Productivity has been you know, a huge winner, and that
25:25
Speaker 1: actually may be part of the story here. We're the
25:30
Speaker 1: output per our work of us workers has been rising
25:35
Speaker 1: at a very rapid level. One of the things that
25:38
Speaker 1: means is that businesses actually don't need to hire many
25:40
Speaker 1: people because when you can get you know, three or
25:44
Speaker 1: four percent more out of your worker than you were,
25:49
Speaker 1: you know, a year ago. Then you you're hiring, needs
25:54
Speaker 1: just don't go up as much. It's actually probably both
25:57
Speaker 1: because unemployment is very low, and we and we're a
26:00
Speaker 1: lot of people are retiring, and we're deporting a lot
26:03
Speaker 1: of the low wage workers who were here illegally. Businesses
26:08
Speaker 1: are actually trying to figure out how to do more
26:11
Speaker 1: with fewer people. And so although you know, yes, I'm
26:16
Speaker 1: not going to try to say that ninety two thousand
26:19
Speaker 1: jobs is not a bad number, but I will say
26:22
Speaker 1: it's not as bad as it looks, in part.
26:25
Speaker 5: Because businesses are finding ways.
26:28
Speaker 1: To grow without trying to hire people, and unemployment is
26:33
Speaker 1: very low. Four point four percent is a very low number.
26:36
Speaker 1: So even though we're not hiring people, there's not a
26:39
Speaker 1: lot of people without jobs right now.
26:42
Speaker 2: Hey, why are they revising earlier reports. I thought we
26:45
Speaker 2: fixed that problem.
26:48
Speaker 1: We'll never fix that problem, and it's going to stay
26:52
Speaker 1: a problem. One of the things that's happened in recent
26:55
Speaker 1: years is actually the initial respect spons free so you.
27:01
Speaker 5: Know, they do these things.
27:02
Speaker 1: It's actually very strange, you know that we still do
27:06
Speaker 1: it this way, but it's basically they send out surveys
27:10
Speaker 1: to businesses and say how many people work for you?
27:13
Speaker 1: And the response rate from those surveys has gone way down,
27:18
Speaker 1: at least the initial response rate. So businesses are taking
27:21
Speaker 1: longer to report to the government they're payrolls. That means
27:27
Speaker 1: that they get in later data, which means they have
27:30
Speaker 1: to revise the prior numbers, and you get these wild
27:34
Speaker 1: revisions and springs. The good news is the January number.
27:38
Speaker 5: Which was really good, actually wasn't revised very much.
27:41
Speaker 1: It came in at one hundred and thirty thousand. That was,
27:44
Speaker 1: you know, the mind blowing January hiring spree. We saw
27:48
Speaker 1: that got revised down to one hundred and twenty six thousand,
27:51
Speaker 1: so still really really good numbers. The bad news is
27:56
Speaker 1: maybe that gets revised again. But it also you know,
27:59
Speaker 1: warned this one, this ninety two thousand, that could get revised,
28:03
Speaker 1: and they don't just get revised down, they get revised up.
28:06
Speaker 1: So this number might not be as bad, or maybe
28:09
Speaker 1: it's much worse. I hate to like say you can't
28:12
Speaker 1: rely on the numbers, but that's the way it is.
28:15
Speaker 2: Why are we sending out surveys. It's twenty twenty six.
28:18
Speaker 2: Why can't you digitally see exactly who's working.
28:20
Speaker 1: Where you know you can, and there are people who
28:25
Speaker 1: are trying to do that better. Look, I'll tell you
28:29
Speaker 1: like a lot of the big banks they get a
28:32
Speaker 1: lot of payroll data themselves because they have both.
28:35
Speaker 5: You know, they're the banks for the businesses, so.
28:37
Speaker 1: They and they and they're the banks for the people.
28:39
Speaker 1: They look at their own internal data. You have ADP,
28:42
Speaker 1: they put out their own reports. They're a big payroll
28:44
Speaker 1: process or the government could probably update it from what
28:48
Speaker 1: I understand, Actually some of the surveys are actually still
28:51
Speaker 1: received by facts so literally, you know, like you have
28:55
Speaker 1: a fact come in and people are reading it. That
28:58
Speaker 1: sounds ridiculous.
28:59
Speaker 9: It is.
29:00
Speaker 1: I guess it's better than people having to mail them in,
29:03
Speaker 1: but it is still it's not being done very efficiently.
29:07
Speaker 2: Right wow, Hey John Carney, right, bart business dies. If
29:11
Speaker 2: you watch the fake news, all you hear about is
29:13
Speaker 2: oil prices, gas prices. It's good. Obviously it's a spike
29:17
Speaker 2: due to the war. But correct, it's just a spike.
29:20
Speaker 2: They will come down. Won't take these prices.
29:22
Speaker 1: Yeah, they will come down. The real question and the
29:26
Speaker 1: real question is how long they stay elevated. If oil
29:30
Speaker 1: prices go up? Right now, they're going up a lot.
29:34
Speaker 1: This morning, I saw brent krude, which is like the
29:37
Speaker 1: international standard, was up above ninety one dollars a barrel.
29:42
Speaker 1: That's a lot. It's less than what we saw back
29:44
Speaker 1: in twenty twenty two. I mean, we saw oil get
29:47
Speaker 1: up to one hundred and fifty dollars a barrel under
29:49
Speaker 1: Biden was and that's what led to gas prices going
29:52
Speaker 1: sky high. We will see gas prices go up even
29:55
Speaker 1: from a short term oil spike, but it really doesn't
29:58
Speaker 1: start to weigh on the to me unless it stays
30:01
Speaker 1: up there. So as long as the Trump administration in
30:05
Speaker 1: the US military can get that golf that straight of
30:10
Speaker 1: her moves open so that Persian golf oil can come through,
30:13
Speaker 1: which is about twenty percent of the world's oil supply.
30:16
Speaker 1: As long as that reopens, we'll see this come down.
30:19
Speaker 1: It's probably it's almost certainly not going to be a
30:22
Speaker 1: permanent increase in the price of oil. It should come down,
30:26
Speaker 1: but it's not clear right right now. Donald Trump says
30:31
Speaker 1: he wants to keep going until he gets an unconditional
30:34
Speaker 1: surrender from Iran. Iran still has missiles that they can
30:37
Speaker 1: launch tankers, but straight that try to get through this
30:41
Speaker 1: bottleneck between the Persian golf and the rest of the world.
30:45
Speaker 1: So you know, it could last a while right now.
30:49
Speaker 5: I think one of the reasons the prices are up so.
30:50
Speaker 1: Much today is because people are worried that maybe the
30:54
Speaker 1: conflict doesn't get resolved quickly.
30:56
Speaker 2: Yeah, hey what about Wall Street? They I mean, you
30:59
Speaker 2: fire one shot in the panic? What is this panic?
31:01
Speaker 2: It waste?
31:03
Speaker 1: Yeah, look, we've seen this, I think for a year.
31:08
Speaker 1: Every time something bad happens, Wall Street panics. Right, So
31:13
Speaker 1: if Trump announces tariffs that are higher than they expected,
31:15
Speaker 1: you get this sell off. The people who really make
31:18
Speaker 1: money on Wall Street these days are the people who
31:20
Speaker 1: buy into the selloffs because they reverse. You know, if
31:23
Speaker 1: you've timed it back to the to that Trump to
31:28
Speaker 1: the Trump Liberation Day tariff announcement, stocks are up close
31:33
Speaker 1: to thirty percent of that.
31:35
Speaker 5: So you know, the smart guys.
31:37
Speaker 1: Made a lot of money by buying into the panics.
31:41
Speaker 1: And we'll probably see that again. People. You know, the
31:43
Speaker 1: Dow goes down, people smart money will come in and
31:47
Speaker 1: buy that said, like, look, the stocks aren't even down
31:52
Speaker 1: that much. I would have thought with oil up at
31:56
Speaker 1: you know, above ninety dollars, that we've seen even bigger panic.
32:01
Speaker 1: I think people are figuring out that this is probably
32:04
Speaker 1: not going to be an economic catastrophe, even with these
32:07
Speaker 1: bad jobs numbers. Again, that could change, though, if it
32:12
Speaker 1: does seem like we're going to be in a long,
32:15
Speaker 1: drun out war, or that Iran's offensive capabilities in the
32:20
Speaker 1: Persian Gulf are stronger than people thought.
32:23
Speaker 2: Wow. Well, John Karney, great stuff. I urge everybody to
32:27
Speaker 2: sign up. You're gonna love it. Read it every day.
32:30
Speaker 2: Bright Bart Business Digest. Just go to Breitbart dot com
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32:39
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32:43
Speaker 2: and you'll love it. John Karney, great stuff. Thanks for
32:45
Speaker 2: being with us, Thanks for having me, Mark, I take care. Hey,
32:50
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