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Speaker 1: Canadian tourism is down in the United States and it's

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Speaker 1: costing US billions. I mean, that was the headline, Canadian

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Speaker 1: tourism to the US fell twenty five, twenty twenty five.

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Speaker 1: I am not in any way.

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Speaker 2: Surprise Tony Katz Tony Katz today.

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Speaker 1: Always a pleasure to be with you, guys, Always a

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Speaker 1: pleasure to be with you. Find everything I do at

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Speaker 1: Tony Katz dot com.

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Speaker 2: Uh.

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Speaker 1: The story of the Canadians is they really did not

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Speaker 1: like at all or in any way the tariffs. They

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Speaker 1: did not like or enjoy being called the fifty first state.

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Speaker 1: They didn't enjoy Justin Trudeaux being called governor, and they

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Speaker 1: responded by not electing Poliev, Pierre Polliev, the Conservative for

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Speaker 1: prime minister. They voted for Mark Carney, which to me

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Speaker 1: that that's kind of a backfire. It's not necessarily a

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Speaker 1: backfire for us, though I would have liked an actual

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Speaker 1: ally in Canada, but certainly a backfire for the Canadian people.

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Speaker 1: You have a leftist who's doing an absolutely terrible job,

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Speaker 1: you don't want them anymore, so you vote for another leftist.

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Speaker 2: I mean, that's just that's just a weird thing to

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Speaker 2: do to yourself. That's a very very weird thing to do.

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Speaker 2: What was not weird was Canadians saying we don't like it.

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Speaker 1: I never understood how people could get upset at Canadians

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Speaker 1: or like, you can't talk to us like that. They're

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Speaker 1: proud of their country, They're proud of who they are.

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Speaker 1: We may disagree on all the hosts of things. But

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Speaker 1: the idea that someone out the Canadian wants to be

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Speaker 1: told that their second rate, that they're just America's fifty

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Speaker 1: first state, they don't want that. You could appreciate that

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Speaker 1: to the past matarity of people, they don'tt they don't

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Speaker 1: want to be treated that way.

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Speaker 2: They don't want to be spoken to you that way.

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Speaker 2: They would think that that's that's kind of crazy. It's

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Speaker 2: kind of weird that and people got mad, on, who

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Speaker 2: do you think you are? Canada?

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Speaker 1: What? You wouldn't accept that for a second As an

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Speaker 1: American I wouldn't. So it wasn't surprising as far as

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Speaker 1: I'm concerned. And I wasn't surprised when they said, well,

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Speaker 1: we're not going to drink bourbon anymore, and we saw

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Speaker 1: bourbon sales go down in Canada, and people looked at

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Speaker 1: that and said, well, that's the reason that you've got

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Speaker 1: so many issues with distilleries.

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Speaker 2: No, it's not.

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Speaker 1: You can attribute part of it, but it's actually a

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Speaker 1: smaller part compared to cultural changes in the United States,

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Speaker 1: including coming out of COVID, people going back to work,

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Speaker 1: no longer having free time and free dollars. Because bourbon

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Speaker 1: sold like a mother during COVID, it was nuts.

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Speaker 2: Cigars did very well too. What's super weird? Do you

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Speaker 2: guys know?

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Speaker 1: I follow this stuff. I host Eat, Drink, Smoke. It's

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Speaker 1: the largest cigar and bourbon radio show in the country.

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Speaker 1: Cigars are still maintaining. It's real and it is a

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Speaker 1: little fascinating. Bourbon did not. It just didn't maintain. And

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Speaker 1: part of it is COVID. As I said, right, people

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Speaker 1: no longer had the free time or the free dollars.

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Speaker 1: Couldn't sit home and try things and drink things and

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Speaker 1: then drink a little more things. You have the glp ones, right,

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Speaker 1: the wa goovis, the zep bounds, the ozempics, which change

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Speaker 1: how people interact with these things.

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Speaker 2: They lose appetite for the alcohol.

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Speaker 1: Then you have a younger generation that isn't interested in

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Speaker 1: drinking at all. That's where you get the non alcoholic

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Speaker 1: beers groups like athletic and others, and they're not drinking

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Speaker 1: brown liquor.

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Speaker 2: They're just not interested. They don't want it.

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Speaker 1: So there are massive cultural changes that have taken place,

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Speaker 1: generational changes, you have medicinal changes, that's where the great

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Speaker 1: majority of change comes from. You also could have in

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Speaker 1: basic understandings of business that there was over extension, kind

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Speaker 1: of like a belief that the good times are going

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Speaker 1: to last for forever, which is not the way it works. Also,

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Speaker 1: if they ran out of bourbon, Let's say there was

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Speaker 1: a four year bourbon. Right, it's a straight bourbon, but

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Speaker 1: it's a four year bourbon, so not too long in

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Speaker 1: the barrel what most people consider the baseline of acceptable. Remember,

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Speaker 1: if bourbon goes into a barrel and then out of

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Speaker 1: a barrel, that's bourbon. That's all it has to do.

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Speaker 1: Into the chart oak barrel, first use chart oak barrel,

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Speaker 1: and then out of the barrel. That's all you need

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Speaker 1: to be bourbon. It does not have to be in

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Speaker 1: there for any amount of time. Straight bourbon has to

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Speaker 1: be in there for a minimum of two years. That's

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Speaker 1: the difference to be called a straight bourbon.

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Speaker 2: It has to spend two years in the barrel.

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Speaker 1: It also has to go in at a certain level

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Speaker 1: out at a certain level. So it's eighty percent alcohol

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Speaker 1: by volume. So it can go into the barrel at

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Speaker 1: one hundred and sixty proof. No, sorry, sorry, sorry sorry,

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Speaker 1: it cannot go into the barrel at more than one hundred.

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Speaker 2: And twenty five proof.

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Speaker 1: It cannot be distilled more than one hundred and sixty proof.

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Speaker 1: Just so we understand each other, Gosha, do I want

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Speaker 1: to make that mistake? That would be embarrassing stuff. I

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Speaker 1: actually have a book on this, Let's Go Bourbon. It

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Speaker 1: lays all of this out. Let's Go Bourbon was my

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Speaker 1: first book with Fingers Maloy, my co host Any Shrink Smoke,

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Speaker 1: And it really is just a bourbon reader. It wasn't

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Speaker 1: meant to be anything else other than something you can

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Speaker 1: have in the bathroom. The laws, some basic facts, some

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Speaker 1: cool quotes, just a fun little reader of a book,

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Speaker 1: something enjoyable. Let's Go Barbecue, the barbecue book that got

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Speaker 1: more into stories and theories and things like that. And

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Speaker 1: I've just been remiss in the third book, Let's Go Grill,

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Speaker 1: which is a grilling book, and then been forever working

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Speaker 1: on a cigar book, but I have real plans for that.

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Speaker 2: I'm not going to do it until I can do

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Speaker 2: it right. But that's straight bourbon. My point to you

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Speaker 2: is four years in the barrel to be straight bourbon.

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Speaker 2: My point to you is you can't rush that. You

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Speaker 2: can't force that, you can't Time is time.

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Speaker 1: I don't care how much I at there is, and

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Speaker 1: I don't care how broad band the world is. You

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Speaker 1: cannot rush a four year Bourbon. It has to take

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Speaker 1: four years. So did any of these distillers get over

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Speaker 1: their skis? All right, we'll get more in the barrel,

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Speaker 1: we'll do more of this, we'll build out here, we'll

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Speaker 1: build out there. The market didn't necessarily agree to those conditions.

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Speaker 1: The market turned and people had issues. And I won't

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Speaker 1: be surprised if there are a lot more small distilleries

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Speaker 1: that go out and get gobbled up, et cetera. So

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Speaker 1: when they stopped buying bourbon, I understood it, But they

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Speaker 1: didn't totally stop buying bourbon. Some provinces did. Some provinces

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Speaker 1: still buying bourbon to this day. When they said they

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Speaker 1: weren't going to buy some US products, that made perfect sense. Well,

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Speaker 1: they weren't going to buy us products. They were upset,

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Speaker 1: they were angry. Now they're spending less on tourism. Canadians

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Speaker 1: spent thirteen point three billion dollars last year, down from

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Speaker 1: nearly fifteen billion in twenty twenty four. Wait a second,

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Speaker 1: how is that twenty five percent? How is it possible

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Speaker 1: that they spend thirteen point three billion in twenty twenty

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Speaker 1: five fifteen billion in twenty twenty four. That's not twenty

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Speaker 1: five percent. How do you get to twenty five percent.

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Speaker 1: I'm looking at the numbers from CBS News and that

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Speaker 1: does not make any sense to me at all. One

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Speaker 1: point seven billion is not twenty five percent of fifteen billion.

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Speaker 1: So that twenty five percent seems pretty misleading based on

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Speaker 1: the numbers they're providing.

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Speaker 2: But this is not This is not at all surprising, guys.

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Speaker 1: It's not surprising that there would be less tourism. It

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Speaker 1: is a rational response. And I'm amazed that people who

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Speaker 1: could be in any way angry at Canadians there's going

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Speaker 1: to be a response. There's there's always a response to

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Speaker 1: an action. The human condition has changed, absolutely, not the

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Speaker 1: Senate not talking about Canada anymore. They are setting up

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Speaker 1: the votes for Russia sanctions. I do not know the

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Speaker 1: extent of the conversations that the late Lindsay Graham had

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Speaker 1: with Vladimir Zelenski, but it's very clear that he was

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Speaker 1: coming back with sanctions and saying we're going to do this.

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Speaker 2: So there was the.

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Speaker 1: Phone call that Graham had with President Trump in like

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Speaker 1: the hour before he died, and this was clearly a

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Speaker 1: part of it. The Russians have miscalculated, because Zelensky has

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Speaker 1: well calculated.

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Speaker 2: I said this yesterday, but we should be clear he

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Speaker 2: has learned.

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Speaker 1: He has learned there's a way you have to do things,

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Speaker 1: and there's a way you have to deal with Trump

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Speaker 1: that might be different than the way you deal with

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Speaker 1: other world leaders. And there's a way you have to

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Speaker 1: deal with America, and there's a way you get your

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Speaker 1: story out there. Yes, Russia is the aggressor, and I

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Speaker 1: wholeheartedly agree that Russia has to be thwarted, and it's

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Speaker 1: better to thwart them while they're trying to mess with

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Speaker 1: Ukraine than if they're on the border of a NATO

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Speaker 1: nation that forces us to fight. Russia is the aggressor

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Speaker 1: in Russia must be dealt with, of course, and it's

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Speaker 1: better to help Ukraine to force Russia to lose treasure.

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Speaker 2: They can't keep this up for forever. They don't have

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Speaker 2: the money.

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Speaker 1: They can throw a lot of bodies at an issue,

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Speaker 1: but they don't have the people.

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Speaker 2: And this is turning against Putin.

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Speaker 1: If you think that for a moment, Putin doesn't understand this,

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Speaker 1: and Putin doesn't know that.

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Speaker 2: He has to deal with this, I'm sorry. That's on seriousness.

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Speaker 1: Can Putin kill his political enemies, Well, of course he

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Speaker 1: can kill his political enemies, He's done it many times before.

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Speaker 1: But you have people who are being affected, family members

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Speaker 1: being killed because they're being thrown into the front lines.

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Speaker 2: They don't even know what to do.

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Speaker 1: There is no training of a military whatsoever, and economic

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Speaker 1: hardship a plenty. So the Senate on Tuesday started working

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Speaker 1: on this sanctions bill.

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Speaker 2: And it's very possible it is named for Lindsay Graham, that.

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Speaker 1: This was the final steps in putting it together. That's

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Speaker 1: what Graham was going to work on. And it targets

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Speaker 1: Russian oil sales, very bad news for China. Everything always

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Speaker 1: comes back to China, every single moment, every single hour

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Speaker 1: of every single day. Everything is a move to thwart China,

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Speaker 1: a series of lawmakers Blumenthal, the guy who lied about

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Speaker 1: his Vietnam service, Democratic Connecticut, Darlene Graham, who is the

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Speaker 1: senator replacing her brother.

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Speaker 2: Lindsay Graham for the right remainder of his term.

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Speaker 1: Senator Katie Britta of Alabama, Jeans Shahem Democrat New Hampshire,

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Speaker 1: Roger Wicker, who's a Republican from Mississippi, and Jim Rish

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Speaker 1: who is a Republican from Idaho, saying they've got a

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Speaker 1: deal to combine the Russia sanctions package with the sanctions

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Speaker 1: on Iran. We are proud to announce an agreement on

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Speaker 1: legislation to stop purchasers of Russian oil and gas.

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Speaker 2: From fueling Putin's Putins Putin's war machine. Sorry about that,

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Speaker 2: and to continue restricting.

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Speaker 1: The Iranian regime's ability to support terrorism and build its

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Speaker 1: nuclear program. What I love about this statement is that

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Speaker 1: it admits that Iran supports terrorism. Very damaging for Democrats

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Speaker 1: who want to say, well, Rand never did anything to us.

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Speaker 2: Not true, and this proves it.

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Speaker 1: There is no greater way they write to honor Centertigram's

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Speaker 1: legacy than to move forward with this bipartisan agreement. And

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Speaker 1: we look forward to today's vote.

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Speaker 2: This is good, This is good news.

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Speaker 1: Now we should also note that the American perception on

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Speaker 1: Ukraine has changed incredibly. So has changed, and part of this,

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Speaker 1: one could say, well, is Trump's now willingness to work

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Speaker 1: with Ukraine. There's also there was a weird talk that

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Speaker 1: maybe some Democrats are no longer so happy with Ukraine,

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Speaker 1: maybe they don't want to do this anymore, even though

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Speaker 1: they were all about it a few years back. So

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Speaker 1: they're moving with political wins. What Trump has said, and

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Speaker 1: we've talked about this before, is that you see Ukraine

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Speaker 1: learning how to handle itself. You see Ukraine building out

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Speaker 1: this drone capability, and they've proven themselves to be outrageously effective.

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Speaker 1: They have seen from the dust up in the Oval

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Speaker 1: Office to now that Zelensky has learned how to engage

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Speaker 1: in actions as a leader, never mind how to appease Trump.

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Speaker 1: All Right, he's wearing the sports coat when he visits

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Speaker 1: the Oval office now right, it's not even a full suit,

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Speaker 1: but it's close.

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Speaker 2: But he understands that.

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Speaker 1: What his argument is is that we are taking on

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Speaker 1: this aggressor that's a threat to the world into Western civilization,

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Speaker 1: and we are happy to take it on.

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Speaker 2: We're not looking for a handout.

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Speaker 1: We are looking for assistance to allow us to do

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Speaker 1: the job of taking on this fight for you, which

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Speaker 1: is what I believe he learned from the Israelis.

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Speaker 2: And that argument works.

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Speaker 1: Because one could argue, if you don't want to give

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Speaker 1: up American blood, better theirs than ours, And you say

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Speaker 1: to me, Tony, that's cold, I'm also saying to you

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Speaker 1: that is how it's viewed. And also I didn't say

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Speaker 1: anything that you wouldn't say to yourself in the deep

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Speaker 1: dark recesses of your mind.

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Speaker 2: Yeah, that is right. They're the ones that are in

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Speaker 2: this fight. They have to.

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Speaker 1: Actually be in it, and they've shown they can be

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Speaker 1: in it. And so this has changed. But the sanctions package,

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Speaker 1: I can't wait to dig in. If it's including Iran

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Speaker 1: and it emitst that Iran as terrorists, it's a double

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Speaker 1: hit for the left. Even though we've got some Democrats

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Speaker 1: in here with this bipartisan agreement, Can the left bring

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Speaker 1: themselves to vote for this, because it's the admission that

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Speaker 1: taking on the terrorist regime of Iran and ending them

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Speaker 1: is the right thing to do, and more sanctions prove

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Speaker 1: the point.

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Speaker 2: Interesting stuff keep it here. This is Tony Katz today,