1 00:00:05,160 --> 00:00:10,760 Speaker 1: Live from the Heartland and the Crossroads of America. It's 2 00:00:10,840 --> 00:00:40,960 Speaker 1: Tony Kats today. 3 00:00:42,880 --> 00:00:46,080 Speaker 2: President Trump is on his way, well not yet on 4 00:00:46,120 --> 00:00:46,520 Speaker 2: his way. 5 00:00:46,760 --> 00:00:50,319 Speaker 3: He will be on his way to Asia. It is 6 00:00:50,320 --> 00:00:52,480 Speaker 3: a very very large trip. 7 00:00:53,479 --> 00:00:59,880 Speaker 2: A lot happening, nothing bigger than the meeting with President Jiji. 8 00:01:00,400 --> 00:01:03,120 Speaker 2: Tony Kats, Tony Kats today, What are you doing? Everybody 9 00:01:03,680 --> 00:01:05,919 Speaker 2: good to be with you? Find everything at Tony kats 10 00:01:06,160 --> 00:01:09,880 Speaker 2: dot com eight three three four six eight eight six six'. 11 00:01:10,080 --> 00:01:12,399 Speaker 3: Nine that's how you get to be a part of the. 12 00:01:12,560 --> 00:01:17,039 Speaker 2: Show and of course we are live streaming on the 13 00:01:17,040 --> 00:01:20,200 Speaker 2: YouTube's Tony. Kats they're At twitter X Tony, Cats, Facebook 14 00:01:20,240 --> 00:01:23,320 Speaker 2: Tony Kats. Radio what is it that The president thinks 15 00:01:23,319 --> 00:01:25,280 Speaker 2: he can get out of this? Right three main Stops, 16 00:01:25,400 --> 00:01:33,240 Speaker 2: Malaysia South, Korea. China Now japan just had the election 17 00:01:33,800 --> 00:01:38,040 Speaker 2: and they bring in a protege of a shinzo abbit 18 00:01:38,800 --> 00:01:43,160 Speaker 2: and this woman who Sees Margaret thatcher as somebody to, 19 00:01:43,200 --> 00:01:47,640 Speaker 2: emulate might bring some great, opportunity not only in terms 20 00:01:47,640 --> 00:01:50,520 Speaker 2: Of japan's economic success in the stackflation they've been dealing 21 00:01:50,520 --> 00:01:54,840 Speaker 2: with and getting over that, hump but to a Stronger 22 00:01:55,920 --> 00:01:59,480 Speaker 2: pacific rim when dealing With. China that's the last thing 23 00:01:59,560 --> 00:02:03,720 Speaker 2: that Jiji ping. WANs jijinping Wants taiwan and wants the 24 00:02:03,760 --> 00:02:05,880 Speaker 2: future to be all About. 25 00:02:06,000 --> 00:02:07,760 Speaker 3: China that doesn't really. 26 00:02:07,560 --> 00:02:10,560 Speaker 2: Work out well for us or anybody else who doesn't 27 00:02:10,600 --> 00:02:12,639 Speaker 2: want to be under the thumb of the communist. Regime 28 00:02:13,960 --> 00:02:18,840 Speaker 2: not a not a plan. Here so what is it 29 00:02:18,919 --> 00:02:21,480 Speaker 2: that can be seen as? Success and one could, argue, 30 00:02:21,480 --> 00:02:26,079 Speaker 2: well do you get trade? DEALS i don't believe there's 31 00:02:26,160 --> 00:02:28,640 Speaker 2: any situation in, which although everything. 32 00:02:28,440 --> 00:02:29,600 Speaker 3: Is, POSSIBLE. 33 00:02:30,880 --> 00:02:38,440 Speaker 2: I don't believe that there's any situation in Which President 34 00:02:38,480 --> 00:02:41,120 Speaker 2: trump leaves the meeting With Jijien ping and, says a 35 00:02:41,160 --> 00:02:44,560 Speaker 2: trade deal, done mark it, Down you're, welcome, World you're. 36 00:02:44,600 --> 00:02:48,280 Speaker 2: WELCOME i just don't think that that's going to be the. 37 00:02:48,320 --> 00:02:52,760 Speaker 2: CASE i don't think that that's a that's. RATIONAL i 38 00:02:52,760 --> 00:02:56,160 Speaker 2: was reading this the story from The Washington, times and 39 00:02:56,160 --> 00:02:58,840 Speaker 2: that without a trade deal With, Malaysia South, korea And 40 00:02:58,919 --> 00:03:00,000 Speaker 2: china could drag down. 41 00:02:59,880 --> 00:03:02,320 Speaker 3: The you as an. Economy by the, way have you 42 00:03:02,320 --> 00:03:04,080 Speaker 3: seen the? Markets this is. 43 00:03:04,200 --> 00:03:07,679 Speaker 2: Ridiculous Doctor mattwill Economist university Of indianapolis is gonna be 44 00:03:07,680 --> 00:03:10,040 Speaker 2: with us in mere moments to break this down BECAUSE 45 00:03:10,120 --> 00:03:12,560 Speaker 2: i see an inflation three percent in the market saying, 46 00:03:13,000 --> 00:03:16,960 Speaker 2: wohoo let's have a. Party who brought the? Bourbon of 47 00:03:17,040 --> 00:03:19,600 Speaker 2: COURSE i. DID i brought the. BOURBON i have a 48 00:03:19,639 --> 00:03:21,600 Speaker 2: fair amount of it right. HERE i THINK i should 49 00:03:21,600 --> 00:03:23,720 Speaker 2: be drinking all of it because there is no sense 50 00:03:23,720 --> 00:03:25,680 Speaker 2: to be made of. It i'm going to hope that the, 51 00:03:25,720 --> 00:03:30,120 Speaker 2: economist Doctor Matt will can do just. That BUT i 52 00:03:30,120 --> 00:03:33,520 Speaker 2: think it'd be foolhardy to think that a trade deal 53 00:03:34,000 --> 00:03:38,200 Speaker 2: is going to be returned With. China and certainly it 54 00:03:38,200 --> 00:03:41,080 Speaker 2: would be foolhardy to think that any deal would be 55 00:03:41,120 --> 00:03:45,600 Speaker 2: lived up to By. China they're notorious. Liars so what 56 00:03:45,600 --> 00:03:50,680 Speaker 2: do We what are we talking about? Here what possibly 57 00:03:50,720 --> 00:03:53,000 Speaker 2: are we chatting about? Here when it comes to The 58 00:03:53,080 --> 00:03:57,000 Speaker 2: china conversation regarding, trade Now South korea And. 59 00:03:57,080 --> 00:04:00,240 Speaker 3: MALAYSIA i think you can walk. 60 00:04:00,160 --> 00:04:03,520 Speaker 2: Away with frameworks because you are if You're President, trump 61 00:04:03,560 --> 00:04:07,240 Speaker 2: you want some level of, victory and The chinese conversation 62 00:04:07,400 --> 00:04:09,160 Speaker 2: you could respond with when they wanted too much AND 63 00:04:09,240 --> 00:04:10,800 Speaker 2: i wasn't gonna give it to them because we're in 64 00:04:10,800 --> 00:04:12,720 Speaker 2: The United states Of america and they need us more 65 00:04:12,760 --> 00:04:13,240 Speaker 2: than we need. 66 00:04:13,280 --> 00:04:16,800 Speaker 3: Them and then you go waka, waka and then everyone. 67 00:04:16,880 --> 00:04:20,280 Speaker 2: CHEERS i, mean you gotta be willing to be strong With, 68 00:04:20,440 --> 00:04:23,040 Speaker 2: china with with these other. Countries they already know you're, 69 00:04:23,080 --> 00:04:26,680 Speaker 2: strong and so now the question is what what deal 70 00:04:26,760 --> 00:04:28,560 Speaker 2: can be? Made what what is it that you, can 71 00:04:29,000 --> 00:04:32,599 Speaker 2: for lack of a better, word. Extract so with, that 72 00:04:33,080 --> 00:04:40,200 Speaker 2: he takes the. Trip he's heading out to do. This it's, 73 00:04:40,400 --> 00:04:44,240 Speaker 2: uh it's gonna be it's gonna be a it's gonna 74 00:04:44,279 --> 00:04:47,440 Speaker 2: be a lot of moving parts on this, trip conversations 75 00:04:47,480 --> 00:04:52,280 Speaker 2: about fighting Between thailand And. Cambodia Will japan increase the fence, 76 00:04:52,279 --> 00:04:54,839 Speaker 2: spending WHICH i again goes to the idea of how 77 00:04:55,320 --> 00:05:05,320 Speaker 2: the New Prime minister Of japan sees her. ROLE i 78 00:05:05,400 --> 00:05:12,080 Speaker 2: cannot is it Snay. TAKAICHI i know It's. TAKAICHI I 79 00:05:12,080 --> 00:05:13,680 Speaker 2: i just don't know if it's Pronounced sunday or. NOT 80 00:05:15,240 --> 00:05:17,240 Speaker 2: i think that she's gonna want to show that she's 81 00:05:17,360 --> 00:05:23,000 Speaker 2: absolutely in the position of. Strength she's also going to 82 00:05:23,040 --> 00:05:25,480 Speaker 2: have to show that she can live with this, giant 83 00:05:25,600 --> 00:05:30,320 Speaker 2: Dangerous chinese neighbor right across The it's not an, ocean 84 00:05:30,440 --> 00:05:33,279 Speaker 2: but you know WHAT i. Mean so there might be 85 00:05:33,279 --> 00:05:35,560 Speaker 2: a little bit of a dance. There this is what 86 00:05:35,560 --> 00:05:39,600 Speaker 2: The president is going to do, frameworks money spent By. 87 00:05:39,640 --> 00:05:43,640 Speaker 2: Japan can he bring back a piece Deal, Cambodian? Thailand 88 00:05:44,160 --> 00:05:48,760 Speaker 2: all those things are. Possible can you come back with a, 89 00:05:50,279 --> 00:05:53,560 Speaker 2: deal a trade deal With? China, Man i'm not expecting, 90 00:05:53,560 --> 00:05:57,920 Speaker 2: it So i'm gonna say. No but as for our, 91 00:05:58,000 --> 00:06:03,279 Speaker 2: economy the markets Are they're. 92 00:06:03,360 --> 00:06:06,800 Speaker 3: Ridiculous they are, ridiculous and it's very. 93 00:06:06,839 --> 00:06:11,880 Speaker 2: Possible it's still all A i've driven Doctor, mattwell economists 94 00:06:11,880 --> 00:06:15,440 Speaker 2: at The university Of. Indianapolis he joins us in just 95 00:06:15,640 --> 00:06:16,720 Speaker 2: a few minutes to discuss. 96 00:06:16,760 --> 00:06:17,200 Speaker 3: It keep it. 97 00:06:17,240 --> 00:06:20,200 Speaker 2: Here I'm Tony katz Of this Is Tony Kats. Today 98 00:06:20,320 --> 00:06:22,480 Speaker 2: Now lord only knows where the markets are gonna, end 99 00:06:22,520 --> 00:06:26,039 Speaker 2: and who. Knows you, know people listen to the show 100 00:06:26,080 --> 00:06:28,360 Speaker 2: at all different. Times some people are with us, live 101 00:06:28,400 --> 00:06:31,920 Speaker 2: and some people are with us on, podcasts and some 102 00:06:32,000 --> 00:06:35,280 Speaker 2: people all sorts of hearing it in the. Evening show 103 00:06:35,279 --> 00:06:37,560 Speaker 2: plays everywhere all the. Time I'm Tony. Kats the show 104 00:06:37,600 --> 00:06:39,960 Speaker 2: Is Tony Kats. Today good to be with. 105 00:06:40,000 --> 00:06:41,640 Speaker 3: You find everything at tonycats dot. 106 00:06:41,680 --> 00:06:48,520 Speaker 2: Com but midday On, friday right end of the, week 107 00:06:48,560 --> 00:06:53,200 Speaker 2: a week Before, halloween The dow was up over five 108 00:06:53,279 --> 00:06:57,760 Speaker 2: hundred points and it's up over five hundred points because 109 00:06:57,800 --> 00:07:01,039 Speaker 2: inflation's at three percent and. 110 00:07:00,960 --> 00:07:02,960 Speaker 3: The market believes that rate cuts are going to. 111 00:07:03,000 --> 00:07:04,680 Speaker 2: Come i'm going to say this again for the people 112 00:07:04,720 --> 00:07:07,400 Speaker 2: in the cheap, seats because it makes no damn. Sense 113 00:07:09,279 --> 00:07:12,680 Speaker 2: inflation is at three, percent by the, WAY i think 114 00:07:12,680 --> 00:07:17,480 Speaker 2: it's three point six. Percent the market is cheering the 115 00:07:17,640 --> 00:07:21,080 Speaker 2: three PERCENT i, say three point six percent, inflation and 116 00:07:21,120 --> 00:07:23,280 Speaker 2: they think a rate cut is going to. 117 00:07:23,360 --> 00:07:27,880 Speaker 3: COME i can make no sense of this. 118 00:07:28,080 --> 00:07:32,720 Speaker 2: Economy Doctor matt will, joins us economist at The university Of. 119 00:07:32,880 --> 00:07:38,280 Speaker 2: Indianapolis let me try and, understand, sir at least set 120 00:07:38,320 --> 00:07:43,640 Speaker 2: a baseline for the. Conversation the Consumer Price index showed 121 00:07:43,680 --> 00:07:46,840 Speaker 2: a point three percent increase on the. Month they say 122 00:07:46,920 --> 00:07:50,800 Speaker 2: over AT, cnbc that creates in an annual inflation rate 123 00:07:50,840 --> 00:07:53,880 Speaker 2: of three. PERCENT i say that, creates based on your, 124 00:07:53,920 --> 00:07:56,880 Speaker 2: math three point six. Percent but they also go on 125 00:07:57,000 --> 00:07:59,640 Speaker 2: to say that because that is lower than the expectational 126 00:07:59,680 --> 00:08:05,800 Speaker 2: point four, percent everybody should be, cheering popping, champagne chugging, 127 00:08:06,040 --> 00:08:09,440 Speaker 2: bourbon doing lines off of whoever they could hire to 128 00:08:09,440 --> 00:08:11,320 Speaker 2: do lines off, of and be super. 129 00:08:11,360 --> 00:08:13,880 Speaker 3: Excited i'm, sorry by the, way don't do. 130 00:08:13,960 --> 00:08:17,840 Speaker 4: Lines i'm Sorry this makes No this makes no sense 131 00:08:18,800 --> 00:08:22,960 Speaker 4: that we're we're all sort of excited on three percent, 132 00:08:23,040 --> 00:08:24,920 Speaker 4: inflation WHICH i say is three point. 133 00:08:25,000 --> 00:08:27,200 Speaker 3: Six so walk me down the. 134 00:08:27,280 --> 00:08:30,040 Speaker 2: Road what is the consumer price index and what did 135 00:08:30,040 --> 00:08:30,720 Speaker 2: it tell us this? 136 00:08:30,800 --> 00:08:34,760 Speaker 5: Month, well it's three point six because it's point. Three 137 00:08:34,840 --> 00:08:36,360 Speaker 5: in the, course you AND i know how to do, 138 00:08:36,440 --> 00:08:38,640 Speaker 5: maths so we multiply it by twelve and we get 139 00:08:38,640 --> 00:08:42,280 Speaker 5: three point, six where the, government which is politically, motivated 140 00:08:42,520 --> 00:08:45,120 Speaker 5: kind of tries to report it. Differently but that's beside the. 141 00:08:45,160 --> 00:08:47,960 Speaker 5: Point the reason the market reacted so much to this 142 00:08:48,160 --> 00:08:51,480 Speaker 5: is because the market is starved for. Data we haven't 143 00:08:51,480 --> 00:08:53,960 Speaker 5: got any. Data there hasn't been any data. Released this 144 00:08:54,080 --> 00:08:57,160 Speaker 5: report is two weeks. Old this is supposed to come 145 00:08:57,160 --> 00:08:59,120 Speaker 5: out two weeks. Ago in, fact the only reason we 146 00:08:59,280 --> 00:09:01,840 Speaker 5: got it is because they needed it to calculate THE, 147 00:09:01,920 --> 00:09:05,640 Speaker 5: cola the cost of living adjustment For Social. Security if 148 00:09:05,640 --> 00:09:07,880 Speaker 5: it weren't for, that we wouldn't have got this data. 149 00:09:07,920 --> 00:09:11,880 Speaker 5: Today so the market is so desperate for. Data when 150 00:09:11,880 --> 00:09:14,760 Speaker 5: it got the, data it, reacted and you know, what 151 00:09:14,840 --> 00:09:17,280 Speaker 5: it was better than. Expected it was supposed to be point, 152 00:09:17,280 --> 00:09:20,880 Speaker 5: four it was point. Three so the market overreacted because 153 00:09:20,920 --> 00:09:23,839 Speaker 5: it's the only data it's. Had it's it's, looking it's, 154 00:09:23,920 --> 00:09:26,720 Speaker 5: desperate and it finally got some. Information so it. Reacted 155 00:09:26,960 --> 00:09:30,080 Speaker 5: but let me add it also reacted because of some 156 00:09:30,200 --> 00:09:34,319 Speaker 5: other good. News THE s AND p does a FLASH pmi. 157 00:09:34,480 --> 00:09:36,600 Speaker 5: Report it's not the best. One the one that comes 158 00:09:36,600 --> 00:09:39,360 Speaker 5: out next week is the best one FROM. Ism it's 159 00:09:39,400 --> 00:09:43,600 Speaker 5: a manufacturing. Report that manufacturing report that came out today 160 00:09:43,720 --> 00:09:46,520 Speaker 5: actually said good. News it said that it looks like 161 00:09:46,559 --> 00:09:49,840 Speaker 5: we're going to have an expansion of. Manufacturing we'll see next. 162 00:09:49,880 --> 00:09:54,000 Speaker 5: Week but the flash report indicates a probable. Growth and 163 00:09:54,040 --> 00:09:59,160 Speaker 5: we've had seven months of, shrinking declining, manufacturing so we'll 164 00:09:59,200 --> 00:10:01,040 Speaker 5: have to wait to next. Week but those two, Things, 165 00:10:01,080 --> 00:10:02,559 Speaker 5: tony that's what caused the market. 166 00:10:02,559 --> 00:10:08,800 Speaker 2: Bomber so any data or any port in a, storm 167 00:10:08,880 --> 00:10:12,000 Speaker 2: any data you're saying they saw as something they could, 168 00:10:12,120 --> 00:10:15,520 Speaker 2: utilize and because there was a little bit of twisting 169 00:10:15,640 --> 00:10:18,120 Speaker 2: to get to the good good, news it's like saying, that, 170 00:10:18,160 --> 00:10:20,760 Speaker 2: HEY i got a place In manhattan with a. View 171 00:10:20,880 --> 00:10:23,560 Speaker 2: If i'm standing in the bathroom on the toilet and 172 00:10:23,600 --> 00:10:27,040 Speaker 2: looking out between seven and seven fifteen, AM i have 173 00:10:27,120 --> 00:10:31,559 Speaker 2: a great view of The Hudson. River so they're looking 174 00:10:31,600 --> 00:10:36,080 Speaker 2: for anything they can glom. Onto but the bigger story 175 00:10:36,120 --> 00:10:38,280 Speaker 2: here is that we might see an increase in. 176 00:10:38,360 --> 00:10:39,960 Speaker 3: Manufacturing where does that come. 177 00:10:40,000 --> 00:10:44,360 Speaker 5: From that's FROM s AND. P their flash report says 178 00:10:44,400 --> 00:10:48,280 Speaker 5: this might. Happen, Now i'm not holding any my breath 179 00:10:48,280 --> 00:10:51,240 Speaker 5: on this. One and the reason, is even if we 180 00:10:51,280 --> 00:10:53,640 Speaker 5: do see a, GROWTH i think it's going to BE ai. 181 00:10:53,840 --> 00:10:56,320 Speaker 5: Driven you, KNOW i want to say. THIS i think 182 00:10:56,400 --> 00:10:59,160 Speaker 5: there's the tale of two economies we're dealing. With THERE'S 183 00:10:59,200 --> 00:11:03,320 Speaker 5: ai and there's everybody. Else TODAY ibm announced that they're 184 00:11:03,360 --> 00:11:06,640 Speaker 5: taking their business away From, intel shoving it over TO. 185 00:11:06,679 --> 00:11:10,240 Speaker 5: AMD amd has this huge. Contract they've got a huge 186 00:11:10,280 --> 00:11:14,760 Speaker 5: bump THEIR AI AI ai is up across the. Board 187 00:11:15,080 --> 00:11:19,280 Speaker 5: But General motors just announced two hundred. Layoffs target just 188 00:11:19,280 --> 00:11:22,880 Speaker 5: announced eighteen hundred job. Cuts proctor And gamble just announced 189 00:11:22,880 --> 00:11:26,480 Speaker 5: a decrease of demand the NON ai. Industry by the, 190 00:11:26,520 --> 00:11:31,120 Speaker 5: way that's just. Today the NON ai industries still look. 191 00:11:31,200 --> 00:11:34,760 Speaker 5: Bad SO i think what's what's highlighting THE s AND 192 00:11:34,880 --> 00:11:39,920 Speaker 5: p slash report IS AI ai is driving this economy? 193 00:11:39,960 --> 00:11:42,240 Speaker 5: Still IT'S ai driving. 194 00:11:42,280 --> 00:11:47,720 Speaker 2: Manufacturing, yeah, well, yeah BECAUSE ai makes, CHIPS ai makes, 195 00:11:47,760 --> 00:11:49,000 Speaker 2: CHIPS ai builds data. 196 00:11:49,000 --> 00:11:51,160 Speaker 5: CENTERS i Mean, yeah there's a lot of stuff Not 197 00:11:51,280 --> 00:11:52,040 Speaker 5: amazon USING. 198 00:11:52,120 --> 00:11:54,000 Speaker 2: Ai i'm just saying it's not how we normally take 199 00:11:54,040 --> 00:11:57,040 Speaker 2: a Manufacturing but that's a that's a great. Point now 200 00:11:57,360 --> 00:11:59,720 Speaker 2: it becomes a lot easier to understand talking to Doctor 201 00:11:59,760 --> 00:12:02,959 Speaker 2: Matt will economists at The university Of. Indianapolis by the, 202 00:12:03,000 --> 00:12:05,440 Speaker 2: WAY i read that story about targets in The Wall Street. 203 00:12:05,480 --> 00:12:09,800 Speaker 2: Journal eighteen hundred. Jobs but these are corporate, jobs are? 204 00:12:09,840 --> 00:12:12,280 Speaker 2: They and there are two hundred open roles that they 205 00:12:12,280 --> 00:12:14,520 Speaker 2: are now getting rid. Of did they realize they could 206 00:12:14,559 --> 00:12:16,440 Speaker 2: do more with? Less BECAUSE i would consider that a 207 00:12:16,480 --> 00:12:19,160 Speaker 2: positive thing for a, company and it. 208 00:12:19,240 --> 00:12:21,520 Speaker 5: Is let's go back to why the market's. Up you 209 00:12:21,520 --> 00:12:23,920 Speaker 5: know you are hitting on this thing you said it 210 00:12:23,920 --> 00:12:26,360 Speaker 5: doesn't make any. Sense you are pointing out where it 211 00:12:26,400 --> 00:12:28,880 Speaker 5: does make. Sense If i'm a company AND i can 212 00:12:28,920 --> 00:12:32,360 Speaker 5: be more efficient because OF, ai it does my ordering for, 213 00:12:32,440 --> 00:12:35,800 Speaker 5: me it does my. Distribution it allocates my materials and 214 00:12:35,840 --> 00:12:40,040 Speaker 5: my goods to the proper. STORE i need less. Labor so, 215 00:12:40,360 --> 00:12:43,880 Speaker 5: YES ai is driving all the gain in the. ECONOMY 216 00:12:45,000 --> 00:12:47,760 Speaker 5: i can't emphasize this. Enough but if you're NOT, ai 217 00:12:48,280 --> 00:12:51,520 Speaker 5: you're in. Trouble thirty nine percent of THE s AND 218 00:12:51,520 --> 00:12:54,320 Speaker 5: p five hundred is lost money this. Year let me 219 00:12:54,320 --> 00:12:57,600 Speaker 5: say that clearly, again thirty nine percent of THE s 220 00:12:57,640 --> 00:13:00,360 Speaker 5: AND p five hundred companies have lost money this year 221 00:13:00,559 --> 00:13:02,120 Speaker 5: for and that is not a broad based. 222 00:13:02,160 --> 00:13:05,440 Speaker 3: Recovery four and ten have lost. 223 00:13:05,600 --> 00:13:08,520 Speaker 2: Money talking to Doctor Matt, well economists at The university Of. 224 00:13:08,600 --> 00:13:14,920 Speaker 2: Indianapolis so it's not that THE ai itself works as. 225 00:13:15,080 --> 00:13:18,520 Speaker 2: Advertised it's that the money is pouring in and is 226 00:13:18,600 --> 00:13:23,160 Speaker 2: seen now in a level of building OF ai, infrastructure 227 00:13:23,240 --> 00:13:25,080 Speaker 2: and that's, manufacturing and. 228 00:13:24,960 --> 00:13:28,160 Speaker 3: That is driving the entirety of our economy right. 229 00:13:28,200 --> 00:13:33,880 Speaker 5: NOW i would say mostly forty four percent of the 230 00:13:33,920 --> 00:13:36,040 Speaker 5: gain of this YEAR'S s AND p five, hundred and 231 00:13:36,160 --> 00:13:38,959 Speaker 5: THE s and p's, up it's up fifteen percent year to, 232 00:13:39,040 --> 00:13:41,720 Speaker 5: date forty four percent of it has come from THE mag, 233 00:13:41,880 --> 00:13:44,439 Speaker 5: seven which is almost ALL. Ai let me let me 234 00:13:44,480 --> 00:13:49,320 Speaker 5: look At procter And. Gamble procter And gamble announced record 235 00:13:49,360 --> 00:13:52,679 Speaker 5: profits and then decreasing demand for their. Product what does 236 00:13:52,679 --> 00:13:55,360 Speaker 5: that tell? You they're USING ai as. Well they're doing, 237 00:13:55,400 --> 00:13:59,640 Speaker 5: distribution they're doing allocation of, resources they're purchasing patterns their. 238 00:13:59,640 --> 00:14:03,920 Speaker 5: Manual it's all USING. Ai BUT ai is driving. 239 00:14:03,960 --> 00:14:08,880 Speaker 2: Things i'm not saying NO i think that your point is. 240 00:14:09,040 --> 00:14:11,400 Speaker 2: Taken but let me give you something else that took 241 00:14:11,440 --> 00:14:16,120 Speaker 2: place in terms of earnings and beating expectations airline. Stocks 242 00:14:16,320 --> 00:14:19,720 Speaker 2: there's a couple of airline stocks that have beaten. EXPECTATIONS 243 00:14:19,960 --> 00:14:22,960 Speaker 2: i don't even know how that's. Possible more people are. 244 00:14:22,800 --> 00:14:25,560 Speaker 3: Flying or they're charging more to, fly and the. 245 00:14:25,520 --> 00:14:27,560 Speaker 2: Same amount of people are flying because they have to 246 00:14:27,840 --> 00:14:31,000 Speaker 2: and that's turned out to be a more profitable. Response 247 00:14:31,120 --> 00:14:34,000 Speaker 2: or IS ai now dealing with my, flights which is 248 00:14:34,160 --> 00:14:35,840 Speaker 2: just the scariest proposition in the. 249 00:14:35,880 --> 00:14:40,360 Speaker 5: World all of the, above the truth is that airline 250 00:14:40,360 --> 00:14:43,200 Speaker 5: prices have gone up. SUBSTANTIALLY i believe it's about between 251 00:14:43,200 --> 00:14:46,840 Speaker 5: ten and fifteen. Percent and we've seen record flying even 252 00:14:47,320 --> 00:14:51,960 Speaker 5: during the shutdown of the government fall. Break travel set 253 00:14:52,000 --> 00:14:55,880 Speaker 5: records this, year so we've seen record, travel increasing, prices 254 00:14:55,880 --> 00:14:59,680 Speaker 5: AND ai is not. Flying you're planing, tony BUT ai 255 00:15:00,160 --> 00:15:03,800 Speaker 5: is determining the. Prices they're able to maximize their price 256 00:15:03,880 --> 00:15:07,160 Speaker 5: by figuring out how you're. SEARCHING i recommend THAT i 257 00:15:07,640 --> 00:15:10,560 Speaker 5: go to the website for your. Prices you go to 258 00:15:10,680 --> 00:15:12,880 Speaker 5: a non a third party to find the, price and 259 00:15:12,880 --> 00:15:14,000 Speaker 5: then go to the airline and buy. 260 00:15:14,040 --> 00:15:19,000 Speaker 2: It you're talking about dynamic pricing things and things. 261 00:15:18,760 --> 00:15:21,400 Speaker 3: Like that that are used in concerts and in other. 262 00:15:21,440 --> 00:15:25,840 Speaker 2: Ways when is the most opportunity time when most people 263 00:15:25,880 --> 00:15:29,240 Speaker 2: buying what is they're determining where the pressure moments are 264 00:15:29,600 --> 00:15:34,000 Speaker 2: and then supply and demands being very very real. Things 265 00:15:34,640 --> 00:15:37,280 Speaker 2: one of the other things that you, discussed you, know 266 00:15:39,120 --> 00:15:44,760 Speaker 2: four percent of the game is FROM. Ai it used 267 00:15:44,760 --> 00:15:48,880 Speaker 2: to be it was the fang, stocks, right it Was, Facebook, Apple, 268 00:15:49,120 --> 00:15:52,560 Speaker 2: AMAZON i forget what the end Was, Gas google and 269 00:15:52,800 --> 00:15:53,880 Speaker 2: is not? 270 00:15:54,000 --> 00:15:55,400 Speaker 3: Interview was It? Nvidia? 271 00:15:56,360 --> 00:15:56,400 Speaker 6: No? 272 00:15:56,840 --> 00:15:57,680 Speaker 3: Netflix? Netflix? 273 00:15:57,680 --> 00:16:01,800 Speaker 2: Flucks are you telling me those things aren't the drivers 274 00:16:02,000 --> 00:16:07,280 Speaker 2: now or they are just in THIS ai capacity. 275 00:16:05,880 --> 00:16:09,000 Speaker 5: Some of them. Are amazon is still in the equation, 276 00:16:10,000 --> 00:16:12,480 Speaker 5: Face meta is still in the, equation but they've. Shifted 277 00:16:12,800 --> 00:16:15,080 Speaker 5: they are more AN ai driven. Company. NOW i could 278 00:16:15,120 --> 00:16:17,920 Speaker 5: give you a boring story about How amazon's been USING 279 00:16:17,960 --> 00:16:20,440 Speaker 5: ai since twenty fifteen and they've really picked up the. 280 00:16:20,440 --> 00:16:24,680 Speaker 5: Pace so NO ai is driving this. Growth and you're, 281 00:16:24,720 --> 00:16:26,880 Speaker 5: right the thing has been replaced by the mag. Seven 282 00:16:27,600 --> 00:16:30,480 Speaker 5: but The max seven is, real you, KNOW i, KNOW 283 00:16:30,520 --> 00:16:32,080 Speaker 5: i hear you talking about it a lot about you, 284 00:16:32,120 --> 00:16:34,920 Speaker 5: know HOW ai comes into the media, world and you, 285 00:16:34,960 --> 00:16:37,840 Speaker 5: know BUT i must tell you it is. Legitimate i've 286 00:16:37,840 --> 00:16:41,120 Speaker 5: seen it increase. VALUE i met with people this week 287 00:16:41,360 --> 00:16:43,760 Speaker 5: in person who are telling me how much it's helping 288 00:16:43,800 --> 00:16:48,120 Speaker 5: their plumbing, company how much is helping their workout department 289 00:16:48,400 --> 00:16:53,360 Speaker 5: of their financial. INSTITUTION ai is definitely it's a revolutionary, 290 00:16:53,400 --> 00:16:54,720 Speaker 5: productivity game. 291 00:16:54,840 --> 00:16:59,240 Speaker 2: Changer talking to Doctor Matt, well economist at The university Of, 292 00:16:59,280 --> 00:17:03,680 Speaker 2: indianapolis the mag seven is The magnificent seven. Stocks so 293 00:17:03,720 --> 00:17:09,280 Speaker 2: it's alphabet which Is, Google, Amazon, Apple, Meta, Microsoft, Nvidia. 294 00:17:09,480 --> 00:17:15,199 Speaker 2: Tesla those are the mag. Seven we haven't had a 295 00:17:15,200 --> 00:17:19,360 Speaker 2: discussion here about. Tariffs you Had Aaron Ross sorkin over 296 00:17:19,400 --> 00:17:22,400 Speaker 2: there AT cnbc, Discussing, OH i got the tariffs. Wrong 297 00:17:23,240 --> 00:17:25,399 Speaker 2: i'm not so sure What i'm supposed to get right 298 00:17:25,480 --> 00:17:28,000 Speaker 2: or get. Wrong tariffs are. TAXES i haven't changed on. 299 00:17:28,040 --> 00:17:30,720 Speaker 2: This these are just the. Facts we're paying more for, 300 00:17:30,880 --> 00:17:34,680 Speaker 2: products and yet somehow everybody's. 301 00:17:34,720 --> 00:17:42,000 Speaker 5: Happy, No, No TOYOTA usa is losing. MONEY gm is losing. 302 00:17:42,040 --> 00:17:45,080 Speaker 5: Money John deere is losing. Money the companies that the 303 00:17:45,119 --> 00:17:49,719 Speaker 5: tariffs are supposed to help manufacturing have been. Hurt. Again 304 00:17:50,200 --> 00:17:52,560 Speaker 5: not for THE, ai this economy would be in the. 305 00:17:52,600 --> 00:17:57,159 Speaker 5: TOILET i sincerely believe that the tariffs have counteracted so 306 00:17:57,240 --> 00:18:00,320 Speaker 5: many of the great Things trump has. Done this is 307 00:18:00,320 --> 00:18:02,359 Speaker 5: where the trolls are gonna, Say, oh he's, loom doom 308 00:18:02,400 --> 00:18:05,800 Speaker 5: and gloom. GOOD i am doom and. Gloom tariffs are. 309 00:18:05,800 --> 00:18:08,760 Speaker 5: Bad they're dragging the economy. Down trump is his own 310 00:18:08,880 --> 00:18:12,480 Speaker 5: worth worst. Enemy everything he's doing is hitting on all 311 00:18:12,560 --> 00:18:15,040 Speaker 5: cylinders except for the. Tariffs, hey and we see it 312 00:18:15,240 --> 00:18:16,040 Speaker 5: across the board in. 313 00:18:16,119 --> 00:18:21,359 Speaker 4: Manufacturing except he keeps saying it's the greatest word in the. 314 00:18:21,359 --> 00:18:24,320 Speaker 2: World everything's. Great we're taking in all of this. Money 315 00:18:24,640 --> 00:18:27,639 Speaker 2: what do you? Want there's been conversations about what he's 316 00:18:27,680 --> 00:18:29,880 Speaker 2: gonna do with the. Money it's been a conversation's gonna 317 00:18:29,880 --> 00:18:31,120 Speaker 2: pay off? Debt and then all of a, sudden it's 318 00:18:31,119 --> 00:18:34,000 Speaker 2: gonna help out the, farmers and then what about a 319 00:18:34,000 --> 00:18:38,040 Speaker 2: subsidy for? This you've collected these billions of dollars from 320 00:18:38,040 --> 00:18:38,560 Speaker 2: The american. 321 00:18:38,600 --> 00:18:40,800 Speaker 3: People what would you do with? 322 00:18:40,840 --> 00:18:43,879 Speaker 5: It what WOULD i do with? 323 00:18:43,920 --> 00:18:45,640 Speaker 3: It what would you do with? It you're Doctor Matt. 324 00:18:45,640 --> 00:18:48,720 Speaker 2: Will you've got the power to decide what happens to 325 00:18:49,520 --> 00:18:51,600 Speaker 2: all the dollars collected by taris what are you gonna 326 00:18:51,600 --> 00:18:51,760 Speaker 2: do with? 327 00:18:51,760 --> 00:18:55,399 Speaker 5: It, okay assuming the terrorists, EXISTS i would pay off the. 328 00:18:55,440 --> 00:18:58,080 Speaker 5: Debt first of, ALL i don't want the terrorits because 329 00:18:58,160 --> 00:19:01,280 Speaker 5: terrists are taxes AND i don't agree with increasing. Taxes 330 00:19:01,440 --> 00:19:04,040 Speaker 5: but if you've taken the tax, increased which he has 331 00:19:04,560 --> 00:19:07,320 Speaker 5: big tax, increased and he's collected the, money then just 332 00:19:07,359 --> 00:19:10,080 Speaker 5: pay off the. Debt don't become a. Democrat don't be 333 00:19:10,160 --> 00:19:12,840 Speaker 5: given out goodies and handing money out to. People that's 334 00:19:12,920 --> 00:19:15,640 Speaker 5: not what a capitalist. Does that's what a socialist. Does 335 00:19:15,680 --> 00:19:17,920 Speaker 5: And i'm not a fan of taking money from one 336 00:19:17,920 --> 00:19:18,720 Speaker 5: person and given it to. 337 00:19:18,760 --> 00:19:23,040 Speaker 2: Another Dr mattwell economists at The university Of, INDIANAPOLIS i 338 00:19:23,040 --> 00:19:25,800 Speaker 2: appreciate and taking the time more to get To I'm Tony. 339 00:19:25,840 --> 00:19:27,280 Speaker 3: Katz this Is Tony katz. 340 00:19:27,000 --> 00:19:45,359 Speaker 7: Today so speaking of, TARIFFS. 341 00:19:47,080 --> 00:19:53,360 Speaker 2: I really don't know what it is that The canadians were, thinking. 342 00:19:54,840 --> 00:19:59,000 Speaker 3: AND i do not know why they were thinking. 343 00:19:59,000 --> 00:20:05,959 Speaker 2: It to create this video utilizing the words Of Ronald 344 00:20:06,000 --> 00:20:10,280 Speaker 2: reagan is. Nuts Tony, Katz Tony kats, today good to 345 00:20:10,280 --> 00:20:11,960 Speaker 2: be with. YOU i want to get to. That but 346 00:20:12,080 --> 00:20:15,480 Speaker 2: right Now Sean, Duffy Transportation, secretary is speaking and there's 347 00:20:15,520 --> 00:20:17,600 Speaker 2: a lot of big issues about air traffic. 348 00:20:18,119 --> 00:20:21,960 Speaker 3: Controllers right, now let's hear from. Him. Up he just wrapped? 349 00:20:22,040 --> 00:20:25,439 Speaker 3: Up did he just wrap? UP i can't believe he 350 00:20:25,480 --> 00:20:28,040 Speaker 3: did that to, me just in a sense of trying to. 351 00:20:28,040 --> 00:20:30,399 Speaker 8: Take care of the controllers who work so hard in our. 352 00:20:30,400 --> 00:20:32,000 Speaker 8: Airspace So Nick, Daniels. 353 00:20:32,640 --> 00:20:35,159 Speaker 2: So he's handing it over to one of his people 354 00:20:35,240 --> 00:20:37,960 Speaker 2: because air traffic controllers are not getting paid and there are. 355 00:20:37,880 --> 00:20:39,919 Speaker 3: A lot of ground styles just going. On i've got that. 356 00:20:39,960 --> 00:20:45,040 Speaker 9: Story Graphic Controllers, Association america's air traffic. Controllers we didn't 357 00:20:45,080 --> 00:20:48,760 Speaker 9: ask to be the focus of this, shutdown yet every 358 00:20:48,840 --> 00:20:53,760 Speaker 9: day we're carrying the full. Weight every single day we 359 00:20:53,760 --> 00:20:58,439 Speaker 9: move over forty five thousand, aircraft three million, Passengers we 360 00:20:59,000 --> 00:21:03,000 Speaker 9: move tons of cargo that Keeps america, running protecting the 361 00:21:03,080 --> 00:21:08,240 Speaker 9: national airspace, system and even more, importantly people's. Lives they're 362 00:21:08,320 --> 00:21:13,720 Speaker 9: showing up every single day under immense, stress under, uncertainty 363 00:21:14,280 --> 00:21:18,639 Speaker 9: having to stay focused on performing the day in and 364 00:21:18,720 --> 00:21:22,200 Speaker 9: day out, task and every day that this shutdown drags 365 00:21:22,240 --> 00:21:27,560 Speaker 9: on with no clear, insight this affects their. Focus and 366 00:21:27,720 --> 00:21:30,800 Speaker 9: our job as air traffic controllers is to mitigate, risk. 367 00:21:30,960 --> 00:21:32,080 Speaker 3: And it's also to call it. 368 00:21:32,080 --> 00:21:35,480 Speaker 9: Out air traffic, controllers our job is to communicate for 369 00:21:35,520 --> 00:21:39,400 Speaker 9: the safety of the flying. Public and as this shutdown 370 00:21:39,440 --> 00:21:42,359 Speaker 9: continues and air traffic controllers are not paid for the 371 00:21:42,480 --> 00:21:44,320 Speaker 9: vital work that they do day in and day, out 372 00:21:44,600 --> 00:21:48,040 Speaker 9: that leads to an unnecessary distraction and they cannot be 373 00:21:48,160 --> 00:21:52,800 Speaker 9: one hundred percent focused on their, jobs which. 374 00:21:52,560 --> 00:21:54,240 Speaker 8: Makes this system less. 375 00:21:54,240 --> 00:21:58,399 Speaker 9: Safe every day that this shutdown, continues tomorrow will be 376 00:21:58,480 --> 00:22:00,600 Speaker 9: less safe than. Today and as the second already, said 377 00:22:00,880 --> 00:22:03,320 Speaker 9: now we have to figure out how to mitigate that 378 00:22:03,600 --> 00:22:07,680 Speaker 9: to ensure the safety of every passenger in every plane. 379 00:22:07,440 --> 00:22:08,080 Speaker 3: That flies in our. 380 00:22:08,119 --> 00:22:12,040 Speaker 9: Skies there is no version of this scenario that we 381 00:22:12,160 --> 00:22:16,200 Speaker 9: have been forced into where An american worker can work 382 00:22:16,440 --> 00:22:19,880 Speaker 9: six days a, week ten hours in a, day only 383 00:22:19,920 --> 00:22:22,760 Speaker 9: have four days off in a, month and have to 384 00:22:22,800 --> 00:22:26,240 Speaker 9: deal with their greatest, priority which is taking care of their, 385 00:22:26,240 --> 00:22:29,960 Speaker 9: family to provide for them to put gas in. 386 00:22:29,920 --> 00:22:31,960 Speaker 3: A, car to put food. 387 00:22:31,720 --> 00:22:35,880 Speaker 9: On a, table to ensure their kids have, sheltered or 388 00:22:36,160 --> 00:22:39,879 Speaker 9: that they have a level of care while they do 389 00:22:40,000 --> 00:22:41,560 Speaker 9: go and do the very important. 390 00:22:41,600 --> 00:22:47,159 Speaker 2: Job this is the administration just unloading with both barrels 391 00:22:48,200 --> 00:22:51,840 Speaker 2: On democrats who have engaged this shutdown and refused to 392 00:22:51,880 --> 00:22:55,600 Speaker 2: vote for the Continuing, resolution which only takes us To 393 00:22:55,680 --> 00:22:56,800 Speaker 2: november twenty. 394 00:22:56,520 --> 00:22:58,440 Speaker 3: First when we do this all. 395 00:22:58,480 --> 00:23:02,920 Speaker 2: Again Now here was was the Story Fox business with 396 00:23:03,160 --> 00:23:07,119 Speaker 2: the story that the major airports issue ground stops due 397 00:23:07,160 --> 00:23:11,600 Speaker 2: to air traffic control staffing, Shortages Reagan, National, newark And. 398 00:23:11,680 --> 00:23:14,639 Speaker 2: LaGuardia so you're talking ABOUT, Dc New jersey And New. 399 00:23:14,720 --> 00:23:18,560 Speaker 2: York these are major. Hubs this is how people connect 400 00:23:18,600 --> 00:23:21,760 Speaker 2: to get to other. Places Sean duffy stated this yesterday 401 00:23:21,800 --> 00:23:25,399 Speaker 2: The Transportation. Secretary if we can't fly people, safely we're 402 00:23:25,400 --> 00:23:28,280 Speaker 2: gonna have ground. Stops we're simply not going to allow 403 00:23:28,320 --> 00:23:31,040 Speaker 2: the planes to take. Off we'll make sure we can 404 00:23:31,040 --> 00:23:33,960 Speaker 2: cover everybody with the people that we. Have and that's. 405 00:23:34,000 --> 00:23:39,280 Speaker 2: It so this is not, hey go blame your. Airline 406 00:23:39,320 --> 00:23:43,200 Speaker 2: this is if you're, flying you better be ready for a. Delay, 407 00:23:43,920 --> 00:23:48,880 Speaker 2: now this Is. October what happens In, november, Guys, no, 408 00:23:48,880 --> 00:23:53,040 Speaker 2: no, No i'm asking. You i'm asking what happens In November? 409 00:23:54,800 --> 00:24:01,840 Speaker 2: Thanksgiving right, now this is all, easier not for, long 410 00:24:03,240 --> 00:24:09,040 Speaker 2: not for. Long bring it back now To Sean duppy exact. 411 00:24:09,160 --> 00:24:13,639 Speaker 6: Questions in a. Moment but just WHEN i was talking 412 00:24:13,640 --> 00:24:17,240 Speaker 6: to the guys in the, breakroom they're reading in the, 413 00:24:17,240 --> 00:24:21,240 Speaker 6: breakroom and they made SURE i knew that the food 414 00:24:21,280 --> 00:24:24,639 Speaker 6: that they were eating had come from the. Airlines the 415 00:24:24,680 --> 00:24:28,000 Speaker 6: airlines know how important air traffic control is to keeping 416 00:24:28,320 --> 00:24:31,520 Speaker 6: the sky safe in airplanes, moving and so our, airlines 417 00:24:31,560 --> 00:24:34,520 Speaker 6: who know the financial pressure that our controllers are under 418 00:24:34,960 --> 00:24:37,440 Speaker 6: and the gratitude for them showing, up they're buying them. 419 00:24:37,440 --> 00:24:41,440 Speaker 6: Food we should rely on airlines to have to buy 420 00:24:41,640 --> 00:24:45,000 Speaker 6: lunch in dinner for our controllers because they can't afford 421 00:24:45,000 --> 00:24:47,920 Speaker 6: it themselves because The democrats have shut down the. Government 422 00:24:48,240 --> 00:24:51,560 Speaker 6: but those are the things that are happening inside of 423 00:24:51,920 --> 00:24:55,320 Speaker 6: all of us who work in the, airspace supporting our 424 00:24:55,359 --> 00:24:57,480 Speaker 6: fellow brothers and sisters who are going through a tomind 425 00:24:57,640 --> 00:24:59,600 Speaker 6: AND i want to thank the airlines for recognizing that 426 00:24:59,680 --> 00:25:03,400 Speaker 6: and porting and being helpful in the small ways that they, 427 00:25:03,440 --> 00:25:04,960 Speaker 6: can again just providing. 428 00:25:04,560 --> 00:25:06,520 Speaker 8: Food for our controllers when they're on the. Job but 429 00:25:06,640 --> 00:25:09,160 Speaker 8: that if you guys have any questions for, us happy TO. 430 00:25:09,160 --> 00:25:10,760 Speaker 3: I want to hear the. QUESTIONS i hope you guys do. 431 00:25:10,880 --> 00:25:14,080 Speaker 2: Too shotted up in The transportation secretary craze that has 432 00:25:14,119 --> 00:25:14,440 Speaker 2: been a. 433 00:25:14,359 --> 00:25:15,600 Speaker 5: Direct result of air. 434 00:25:15,720 --> 00:25:19,600 Speaker 6: Traffic so the question is how many delays have been 435 00:25:19,760 --> 00:25:24,439 Speaker 6: in relationship to air traffic controller, shortages and so it's 436 00:25:24,520 --> 00:25:28,520 Speaker 6: different every. Day so the average on a day is 437 00:25:28,600 --> 00:25:33,040 Speaker 6: about five percent of our delays would come from staffing. 438 00:25:33,080 --> 00:25:35,359 Speaker 8: Shortages with air traffic, controllers. 439 00:25:35,440 --> 00:25:37,919 Speaker 6: We've gone up as high as fifty three percent of 440 00:25:37,920 --> 00:25:41,120 Speaker 6: the delays have been because of staffing. Shortages and that 441 00:25:41,200 --> 00:25:45,280 Speaker 6: number moves every single, day, because AS i mentioned, before 442 00:25:45,320 --> 00:25:49,320 Speaker 6: we don't have one one facility that's a problem every single. 443 00:25:49,400 --> 00:25:51,600 Speaker 6: Day it might be short one, day but then you, 444 00:25:51,640 --> 00:25:54,040 Speaker 6: know it might Be chicago one, day it might Be atlanta, 445 00:25:54,080 --> 00:25:57,240 Speaker 6: another it might be new work a different, day and 446 00:25:57,280 --> 00:26:00,840 Speaker 6: so it changes day by, day and so it's anywhere 447 00:26:00,880 --> 00:26:03,120 Speaker 6: between that five. Percent we've always been above the five 448 00:26:03,119 --> 00:26:05,320 Speaker 6: percent in the, shutdown but as high as fifty three 449 00:26:05,320 --> 00:26:08,400 Speaker 6: percent of delays are from the staffing, shortages, yes. 450 00:26:12,000 --> 00:26:17,040 Speaker 2: More than, half as they have to do things like 451 00:26:17,720 --> 00:26:19,520 Speaker 2: drive or ash or a. 452 00:26:19,520 --> 00:26:20,280 Speaker 5: Few other things to. 453 00:26:20,320 --> 00:26:23,800 Speaker 2: Someonlement there questions about jobs that our traffic controllers are 454 00:26:23,840 --> 00:26:25,720 Speaker 2: taken to make out of the hearts and minds of 455 00:26:25,800 --> 00:26:28,080 Speaker 2: the controllers who are calling out. 456 00:26:28,160 --> 00:26:30,800 Speaker 6: Sick but IF i listen to the controllers who talk to, 457 00:26:30,840 --> 00:26:33,960 Speaker 6: me they'll tell me about their own stresses financial and 458 00:26:34,000 --> 00:26:36,400 Speaker 6: how they have to take a second, job how they're 459 00:26:36,400 --> 00:26:37,440 Speaker 6: frustrated that they're not. 460 00:26:37,359 --> 00:26:39,280 Speaker 8: Going to get, paid and some of them might be. 461 00:26:39,359 --> 00:26:43,359 Speaker 8: Sick But i'm working close With. Nick we're driving a. 462 00:26:43,400 --> 00:26:45,120 Speaker 8: MESSAGE i want you to show. 463 00:26:45,200 --> 00:26:47,560 Speaker 6: UP i don't want to see DIS i don't want 464 00:26:47,560 --> 00:26:51,440 Speaker 6: to See democrat shutdowns drive pain to The american. People 465 00:26:51,480 --> 00:26:53,840 Speaker 6: i've asked, them please come to, work And i'm grateful 466 00:26:53,880 --> 00:26:56,679 Speaker 6: for you to come to. Work but maybe that'll be 467 00:26:56,800 --> 00:26:58,800 Speaker 6: a post mortem we can do on what happened there 468 00:26:58,800 --> 00:26:59,280 Speaker 6: and why. 469 00:26:59,440 --> 00:27:01,080 Speaker 8: Controllers made the choices that they. 470 00:27:01,119 --> 00:27:09,879 Speaker 6: Did as they're asking more questions of the. 471 00:27:09,960 --> 00:27:13,360 Speaker 2: Secretary some people have, Asked, hey these guys got, paid 472 00:27:13,400 --> 00:27:16,160 Speaker 2: don't they save their money for a rainy. Day it's 473 00:27:16,200 --> 00:27:18,920 Speaker 2: not actually the proper, argument although that's an argument about 474 00:27:18,920 --> 00:27:21,080 Speaker 2: personal responsibility any day of the week and twice On, 475 00:27:21,200 --> 00:27:23,040 Speaker 2: sunday or being prepared for a bad. 476 00:27:23,080 --> 00:27:24,879 Speaker 8: Time fill the ISSUE i am concerned ABOUT. 477 00:27:24,880 --> 00:27:29,280 Speaker 6: Septa when you have a system that's two hundred million 478 00:27:29,359 --> 00:27:30,360 Speaker 6: dollars in the. 479 00:27:30,320 --> 00:27:33,880 Speaker 8: Hole we see, delays but do we see? 480 00:27:33,960 --> 00:27:37,280 Speaker 6: FIRES i, MEAN i mean that's a huge problem right 481 00:27:37,520 --> 00:27:41,119 Speaker 6: on trains and on. Buses and what's more concerning is 482 00:27:41,119 --> 00:27:43,119 Speaker 6: that when you have a, fire we all know what 483 00:27:43,160 --> 00:27:46,600 Speaker 6: a fire, is but the management will say it is 484 00:27:46,680 --> 00:27:49,680 Speaker 6: a thermal. Event what the hell is a thermal. Event 485 00:27:49,720 --> 00:27:52,400 Speaker 6: it's called a. Fire so let's not try to massage what's. 486 00:27:52,400 --> 00:27:56,840 Speaker 6: Happening i've had good interactions with the. Governor i've asked 487 00:27:56,880 --> 00:27:59,000 Speaker 6: the governor to step up and lead to fix the, 488 00:27:59,080 --> 00:28:01,960 Speaker 6: system to provide the leadership and the money and the 489 00:28:02,040 --> 00:28:05,400 Speaker 6: resources and the management to make sure that this system 490 00:28:05,440 --> 00:28:05,840 Speaker 6: is fully. 491 00:28:05,880 --> 00:28:08,639 Speaker 8: Operational and, say for the traveling, public. 492 00:28:08,400 --> 00:28:10,160 Speaker 2: You, KID i think this is a question what's going 493 00:28:10,200 --> 00:28:15,800 Speaker 2: on In philadelphia septas The Southeastern Pennsylvania Transportation. Authority it's 494 00:28:15,840 --> 00:28:19,920 Speaker 2: some acronym like, that SO i think that question was 495 00:28:19,920 --> 00:28:29,480 Speaker 2: specific To. Pennsylvania so, yes you would expect people to 496 00:28:29,520 --> 00:28:32,520 Speaker 2: be able, to you, know have a level of reserves 497 00:28:32,560 --> 00:28:33,000 Speaker 2: for bad. 498 00:28:33,080 --> 00:28:35,600 Speaker 6: Times doesn't change the fact that these people aren't being. 499 00:28:35,640 --> 00:28:39,200 Speaker 6: Paid but, AGAIN i don't want to talk about. CONSEQUENCES 500 00:28:39,280 --> 00:28:42,880 Speaker 6: i want to talk about. ACTION i WANT i want 501 00:28:43,200 --> 00:28:44,480 Speaker 6: trains to be safe in a run on. 502 00:28:44,520 --> 00:28:45,560 Speaker 8: Time that's WHAT i. 503 00:28:45,600 --> 00:28:51,160 Speaker 6: Want and if those emergency inspections don't, pass we'll talk 504 00:28:51,160 --> 00:28:52,000 Speaker 6: about what comes. 505 00:28:52,040 --> 00:29:03,239 Speaker 10: Next so we. 506 00:29:03,320 --> 00:29:09,200 Speaker 6: Don't we don't manage your Rail we, support we provide, assistance. 507 00:29:09,480 --> 00:29:12,120 Speaker 2: But You i'm not going to get into a conversation 508 00:29:12,200 --> 00:29:16,880 Speaker 2: About pennsylvania's a train. SYSTEM i will say two. Things, 509 00:29:17,360 --> 00:29:22,479 Speaker 2: FIRST i Think Sean duffy has been outrageously. EFFECTIVE i 510 00:29:22,480 --> 00:29:24,960 Speaker 2: think there's been a REAL i, mean remember he got 511 00:29:25,000 --> 00:29:29,880 Speaker 2: the job and then that night it was The blackhawk 512 00:29:29,920 --> 00:29:34,920 Speaker 2: helicopter crashing into The American airlines regional. Jet sixty two 513 00:29:35,120 --> 00:29:38,960 Speaker 2: people were. Killed that was his first night on the. 514 00:29:39,080 --> 00:29:44,040 Speaker 2: Job AND i would be curious to know if that 515 00:29:44,680 --> 00:29:48,760 Speaker 2: like reset him to exactly how quickly he has to 516 00:29:48,800 --> 00:29:51,440 Speaker 2: get good at. This and would never have expected That 517 00:29:51,440 --> 00:29:55,040 Speaker 2: Seawn duffy was an expert on the transportation of The United. 518 00:29:55,080 --> 00:29:59,520 Speaker 2: States Pete Boodha judge was never an expert on transportation 519 00:29:59,560 --> 00:30:02,000 Speaker 2: of The United. States he just liked Chew chwo. Trains 520 00:30:03,240 --> 00:30:07,959 Speaker 2: it's not a it's not a. Qualification duffy served In. 521 00:30:08,000 --> 00:30:13,880 Speaker 2: Congress he may have engaged in some of those, policies 522 00:30:13,880 --> 00:30:15,200 Speaker 2: BUT i would not have considered him an. 523 00:30:15,200 --> 00:30:18,600 Speaker 3: EXPERT i think he has handled himself admirably and ably 524 00:30:19,720 --> 00:30:20,000 Speaker 3: in this. 525 00:30:20,120 --> 00:30:23,520 Speaker 2: Concern he has engaged a level of seriousness and you 526 00:30:23,600 --> 00:30:27,000 Speaker 2: have seen. Results the problem is we don't talk about 527 00:30:27,000 --> 00:30:28,440 Speaker 2: those results because it's not sexy. 528 00:30:28,480 --> 00:30:30,760 Speaker 3: Engaging how you would have connectivity to new. 529 00:30:30,800 --> 00:30:33,280 Speaker 2: It remember all the Issues Newark airport was, happening and 530 00:30:33,320 --> 00:30:37,160 Speaker 2: then those issues in large measure went away because you 531 00:30:37,320 --> 00:30:40,440 Speaker 2: created a better not transportation communications. 532 00:30:41,040 --> 00:30:43,360 Speaker 3: Platform you actually did the. 533 00:30:43,400 --> 00:30:48,959 Speaker 2: Work the aggressiveness of trying to get people to become 534 00:30:49,040 --> 00:30:52,640 Speaker 2: air traffic controllers as opposed to people to judge who, said, 535 00:30:52,680 --> 00:30:54,960 Speaker 2: well we only want air traffic controllers that they look like, 536 00:30:55,000 --> 00:30:59,440 Speaker 2: this if they could check this, box, right that's the. 537 00:30:59,520 --> 00:31:00,960 Speaker 3: Desire people are judging. 538 00:31:01,000 --> 00:31:04,920 Speaker 2: Progressives Sean duffy is, saying who's the, best who's the. 539 00:31:04,960 --> 00:31:07,600 Speaker 2: Brightest let's get him in the, Chair let's get him, 540 00:31:07,640 --> 00:31:12,480 Speaker 2: trained let's get him. Going So i've been very impressed 541 00:31:12,640 --> 00:31:15,400 Speaker 2: with the man on those. SUBJECTS i thought he has 542 00:31:15,480 --> 00:31:18,840 Speaker 2: done very very good. Work well more possibly from the 543 00:31:18,920 --> 00:31:24,080 Speaker 2: secretary coming. Up and the craziness of THIS nba gambling. 544 00:31:24,120 --> 00:31:30,040 Speaker 2: Story goodness, gracious the only thing more ridiculous Is STEPHEN. A. 545 00:31:30,160 --> 00:31:33,880 Speaker 3: Smith I'm Tony. Katz this Is Tony kats. Today b one. 546 00:31:33,960 --> 00:31:40,680 Speaker 2: Bombers did we just send those To. Venezuela it's a 547 00:31:40,760 --> 00:31:49,479 Speaker 2: weird story that took place. Yesterday Tony, Katz Tony katz. 548 00:31:49,520 --> 00:31:53,320 Speaker 2: Today So President trump is having A White house round 549 00:31:53,320 --> 00:31:55,880 Speaker 2: table on, crime AND i know this BECAUSE i was 550 00:31:55,920 --> 00:31:58,320 Speaker 2: sitting in this chair AND i was getting ready to 551 00:31:58,360 --> 00:32:03,160 Speaker 2: go on news yesterday, afternoon and they, said and now 552 00:32:03,240 --> 00:32:04,960 Speaker 2: The president is convening. 553 00:32:04,560 --> 00:32:06,520 Speaker 3: This, roundtable AND i, said, Yeah i'm not going On. 554 00:32:06,600 --> 00:32:09,600 Speaker 3: Newsmax they're going to cover this from beginning to. End 555 00:32:09,640 --> 00:32:10,000 Speaker 3: and that's. 556 00:32:10,040 --> 00:32:14,840 Speaker 2: That and that's exactly it's exactly what. HAPPENED i went 557 00:32:14,880 --> 00:32:19,280 Speaker 2: on later With Ed. Henry the story is is That 558 00:32:19,360 --> 00:32:23,320 Speaker 2: fox stated that TWO b one bombers took off FROM 559 00:32:23,400 --> 00:32:24,680 Speaker 2: i think it's Pronounced. 560 00:32:24,280 --> 00:32:30,080 Speaker 3: Dias d y e S. S i think that's how it's. 561 00:32:30,080 --> 00:32:33,680 Speaker 2: Pronounced this is an air base In texas flying Towards. 562 00:32:33,760 --> 00:32:38,680 Speaker 2: Venezuela seen on open source flight. Trackers people tracked flights 563 00:32:38,720 --> 00:32:42,480 Speaker 2: all the, time they tracked private. Planes they're tracking this, 564 00:32:42,560 --> 00:32:45,440 Speaker 2: celebrity that. Celebrity it's it's, crazy but you can do. 565 00:32:45,520 --> 00:32:53,520 Speaker 2: It So President trump says that's not. True it was 566 00:32:53,560 --> 00:32:56,840 Speaker 2: The Wall Street journal that reported THIS us ENDS b 567 00:32:56,920 --> 00:33:00,560 Speaker 2: one bombers Near, venezuela ramping up military, pressure of, course 568 00:33:00,720 --> 00:33:03,920 Speaker 2: referring To Nicholas berdureau as AN arco. Terrorist you've talked 569 00:33:03,920 --> 00:33:07,320 Speaker 2: about seeing the drug boats they've blown out of the. 570 00:33:07,360 --> 00:33:10,440 Speaker 2: Water some members Of congress a very upset by. This 571 00:33:10,520 --> 00:33:14,360 Speaker 2: why aren't we giving them due? PROCESS i don't know 572 00:33:14,440 --> 00:33:16,960 Speaker 2: if that's the way that is supposed to. Work to be, 573 00:33:17,000 --> 00:33:19,640 Speaker 2: HONEST i don't have an answer for. That if you 574 00:33:19,680 --> 00:33:21,400 Speaker 2: know it's a drug, boat you know where it's coming, 575 00:33:21,440 --> 00:33:26,280 Speaker 2: From what exactly is the? Issue are you telling me 576 00:33:26,320 --> 00:33:28,960 Speaker 2: that it's not a drug. Boat that's a different conversation. 577 00:33:29,040 --> 00:33:34,000 Speaker 2: Altogether So worthy sent OUT US flewb one bombers Near. 578 00:33:34,080 --> 00:33:37,360 Speaker 2: Venezuela What trump said is absolutely Not, no it's not, 579 00:33:37,440 --> 00:33:40,240 Speaker 2: accurate it's. False but we're not happy With venezuela for 580 00:33:40,280 --> 00:33:42,680 Speaker 2: a lot of, reasons drugs being one of, them but 581 00:33:42,720 --> 00:33:44,760 Speaker 2: also they've been sending their prisoners into our. 582 00:33:44,800 --> 00:33:46,320 Speaker 3: Country nobody can do. 583 00:33:46,400 --> 00:33:51,360 Speaker 2: That The secretary Of War Pete, hegsath and yes they 584 00:33:51,360 --> 00:33:53,640 Speaker 2: referred to him as The secretary Of. War if you're 585 00:33:53,680 --> 00:33:56,120 Speaker 2: telling me you need a congressional, declaration go get. 586 00:33:56,120 --> 00:33:58,720 Speaker 3: One but calling it The department Of war is just. 587 00:33:58,760 --> 00:34:04,440 Speaker 2: Fine it was The War, department then we change into 588 00:34:04,440 --> 00:34:05,040 Speaker 2: The department Of. 589 00:34:05,040 --> 00:34:08,920 Speaker 3: Defense i'm fine With War. Department and for the. 590 00:34:08,880 --> 00:34:11,080 Speaker 2: People angry about, this it's people who want to be 591 00:34:11,120 --> 00:34:13,840 Speaker 2: angry About trump because they're. ANGRY i swear to you 592 00:34:13,960 --> 00:34:17,840 Speaker 2: more people talking about this dang. Ballroom look at the 593 00:34:17,880 --> 00:34:20,120 Speaker 2: before and after. Images look What trump's done to The White. 594 00:34:20,160 --> 00:34:20,560 Speaker 3: House it's. 595 00:34:20,680 --> 00:34:26,120 Speaker 2: Terrible people who are upset about the ballroom are people 596 00:34:26,200 --> 00:34:29,759 Speaker 2: who are upset that sometimes there are clouds in the. 597 00:34:29,800 --> 00:34:35,840 Speaker 2: Sky they're yelling at the. Clouds they're just, angry, bitter, 598 00:34:36,480 --> 00:34:44,840 Speaker 2: sad lonely. People if you are angry That trump is 599 00:34:44,840 --> 00:34:49,600 Speaker 2: building a ballroom and utilizing private donations to do. It 600 00:34:49,680 --> 00:34:53,840 Speaker 2: if you're angry that there's a renovation going on in 601 00:34:53,920 --> 00:34:58,040 Speaker 2: The Oval, office chances are you've never sexually pleased your. 602 00:34:58,040 --> 00:35:03,839 Speaker 3: Partner there's no possible way you can look at that 603 00:35:04,120 --> 00:35:04,400 Speaker 3: and be. 604 00:35:04,480 --> 00:35:08,520 Speaker 2: INFURIATED i think somehow you're capable of these other. Things 605 00:35:08,680 --> 00:35:13,200 Speaker 2: you're just, sad sad and, lonely empathetic and employ. 606 00:35:13,320 --> 00:35:22,319 Speaker 3: You oh, god it's just very happy not to be like. 607 00:35:22,400 --> 00:35:29,440 Speaker 2: That, meanwhile he's saying it didn't, happen we did not 608 00:35:29,680 --> 00:35:34,440 Speaker 2: send b one? Bombers is he telling the? Truth has 609 00:35:34,440 --> 00:35:37,600 Speaker 2: done a MISDIRECT i don't have the. Answer we'll keep 610 00:35:37,600 --> 00:35:40,440 Speaker 2: our eyes on. It this Is Tony katz, today