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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

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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.

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Speaker 2: We'll get here the jobs numbers came out. They're terrible,

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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.

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Speaker 2: They were keeping an eye on her anyway, and there

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Speaker 2: were a lot of people in the administration pushing for

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Speaker 2: her to be gone. They didn't like the way she

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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

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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

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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

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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.

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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

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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

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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.

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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

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Speaker 2: like crazy. But how often are the fake news do

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Speaker 2: you see some Democrat yell it's illegal war, unconstitutional war,

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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

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Speaker 2: seventy five wars since then. Nobody's ever declared war. But

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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.

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Speaker 2: Here it is, the President is in total compliance with it.

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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.

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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,

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Speaker 2: so it's really ninety days. So he actually has eighty

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Speaker 2: three more days to go before he has to go

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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

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Speaker 2: all of this. So he's absolutely in compliance War Powers Act.

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Speaker 2: No problem at all. President's schedule goes to Miami later tonight.

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Speaker 2: But there's a big meeting today in the White House

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Speaker 2: about college sports. A lot of the big sports Nick Saban,

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Speaker 2: Tiger Woods, I think Randy Levine is going to that big,

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Speaker 2: big White House meeting. They're going to discuss fixing college sports.

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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

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Speaker 2: making more than NFL players now and they're changing schools

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Speaker 2: to get better deals, better money. So something's got to

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Speaker 2: be done to clean it up. Now, this will be

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Speaker 2: open to the press. It's going to be a round table.

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Speaker 2: They're allowing the press in to watch this. It'll probably

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Speaker 2: be televised later to day. It'll be pretty interesting if

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Speaker 2: you if you want to see what's going on the

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Speaker 2: big mess of college sports. Hey, Kamala Harris getting a

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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

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Speaker 2: and endorsed her. It was Kamala couldn't I couldn't have

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Speaker 2: done more, endorsing her everything she could do, and it

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Speaker 2: didn't help one bit. So besides the fact she's a

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Speaker 2: babbling yo yo, they're now starting to realize she's got

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Speaker 2: no coattails. She can't move the needle for anybody. So

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Speaker 2: that destroys her chances of being the nominee even more,

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Speaker 2: not that she had much chance to begin with. Let's see, Oh,

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Speaker 2: the Jesse Jackson funeral today, Yeah, that's gonna be interesting.

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Speaker 2: The funeral today would be a big thing. Three presidents

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Speaker 2: will be there, all the living presidents. President Trump will

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Speaker 2: be there, but Bush, Clinton, Obama will all be there.

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Speaker 2: I think Kamala Harris will be there. Probably get a

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Speaker 2: couple other vice presidents. Joe Biden, I don't think he

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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

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Speaker 2: seven ten is the number we'll get to the jobs

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Speaker 2: numbers coming up. But we'll take some calls next eight

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Speaker 2: hundred three two one zero seven tenop. Wait a minute,

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Speaker 2: wait a minute, uh oh, here it is here. It

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Speaker 2: isn't the wrong way. I know what I want to

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Speaker 2: tell you about. We're having our big networking event. You

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Speaker 2: might want to come to this. It's gonna be pretty good.

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Speaker 2: A lot of CEOs, business leaders, good chance to network,

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Speaker 2: meet a lot of people. It's going to be March nineteenth.

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Speaker 2: It'll be six to eight pm March nineteenth. There's this

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Speaker 2: beautiful new office building two Park Avenue. It's at thirty

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Speaker 2: fourth in Park and they've got this venue on the

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Speaker 2: rooftop that has amazing views of New York. It's got

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Speaker 2: beautiful outdoor terrace. But if you're looking for a corporate

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Speaker 2: event place, great venue to Park Avenue. But that's where

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Speaker 2: we're going to do it. And I'll be there, Larry

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Speaker 2: MENTI will be there. Kirk Curtis leiwa who he starts

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Speaker 2: this Monday here at wo R. He'll be co hosting

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Speaker 2: the morning show. He'll be there. So it's a good

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Speaker 2: chance to meet everybody, meet a lot of business leaders,

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Speaker 2: executive CEOs, network and meet people. So if you want

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Speaker 2: to come, it's March nineteenth, six to eight pm, but

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Speaker 2: limited space. You got an RSVP and to do that

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Speaker 2: you go to seven ten wor dot com slash live

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Speaker 2: and you can reserve a spot. Seven ten WR dot

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Speaker 2: com slash Live set up.

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Speaker 1: Pre said on the iHeartRadio app to WOR to hear

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Speaker 1: Mark live.

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Speaker 3: Set another for Mark's podcast to hear him anytime.

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Speaker 1: Now back to Mark Simone on WOR.

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Speaker 2: Let's take some calls. Let's go to Mike and poker

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Speaker 2: raton Mike, how you doing?

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Speaker 9: Hey, Hey, Mark, thank you for taking my call. You know,

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Speaker 9: everybody's in it up with this woman Christineome, but let's

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Speaker 9: compare her what she did to what mayor for four years.

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Speaker 2: Yeah, she was very good on the border. She got

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Speaker 2: the border clothes. You did a good job. But the

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Speaker 2: petty stuff, you know, well, it's not that petty. It's

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Speaker 2: not that petty. If you're abusing a tax pay of

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Speaker 2: money and you got you gotta gotta gotta, you gotta stop. Ye,

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Speaker 2: it's not it's it's not good. You can't. You can't

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Speaker 2: abuse the budget. Thanks for calling. You can't abuse the budget.

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Speaker 2: You can't sleep with the employees. Uh, that kind of

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Speaker 2: sty Hey, you could be Uh. You got two great

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Speaker 2: executives at one company, big corporation, two great executives, one

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Speaker 2: sleeping with an employee. Uh, and uh screwing around with

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Speaker 2: the expense account. That's the one that will get fired.

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Speaker 2: Let's go to uh Rich in Connecticut. Rich, how you doing?

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Speaker 7: Hey, good morning, Mark. I'm here in the communist state

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Speaker 7: of Connecticut.

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Speaker 2: That's not that bad. Where are you in Connecticut?

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Speaker 7: I'm in Connecticut, in Connecticut, I'm in a little rotten town.

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Speaker 2: Of no Walk, nor Walk.

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Speaker 7: Why you're calling it right, it's rotten.

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Speaker 2: You're talking about You've got a beautiful Stu Leonard's there.

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Speaker 2: You got a Wegmans, a new Wegmans.

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Speaker 7: Yeah, when you're coming down, I may be there later.

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Speaker 2: I'll be in Connecticut.

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Speaker 7: Your check book and your money, I'll be.

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Speaker 2: In Connecticut later today probably.

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Speaker 5: Now you got so no, you gotta just come on

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Speaker 5: over and visit.

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Speaker 2: Got better. It's pretty good.

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Speaker 7: Yeah, yeah, yeah, oh yeah, when they don't get invaded.

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Speaker 2: You got a nice PC Richard there, you got a costco.

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Speaker 2: You got everything in Connecticut in Norwalk.

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Speaker 7: Yeah, if you can afford it. Right now, they're gonna

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Speaker 7: put a tax on toothpicks over here in Connecticut.

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Speaker 2: Well, you don't need a toothpick. But it's not that

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Speaker 2: one thing.

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Speaker 7: The only reason I really called. Okay, I'm really disheartened,

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Speaker 7: and I hope I'm not going over the book, but

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Speaker 7: I don't really care. They're hiring this sleeve water come

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Speaker 7: on during the week with what's his name? Very nice guy,

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Speaker 7: and I think this it's a bad.

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Speaker 2: Up on everything. What's his name? We love Curtis Curtis

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Speaker 2: and had the number one morning show in New York

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Speaker 2: for many, many, many many years.

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Speaker 7: Yeah, but let me tell you something.

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Speaker 2: You already got the Norwalk Chamber of Commerce on the phone.

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Speaker 2: You hate everything and everybody. Yes, it's not that type

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Speaker 2: of show. We're not. We're not filled with hatred for

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Speaker 2: everything and everybody here. Let's go to Dave in log Swamp.

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Speaker 9: Dave, how you doing, heyy city boy?

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Speaker 10: I gotta tell you about this kidnapping that happened about

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Speaker 10: thirty years ago, the excellon executive.

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Speaker 2: Uh, yeah, okay, there's a breaking news thirty years ago.

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Speaker 2: What was it?

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Speaker 10: Well, I mentioned it because of the kidnapping. We're not

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Speaker 10: talking about now because of the war. But the man,

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Speaker 10: the man's body was disposed of here about five miles

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Speaker 10: from here in the pines.

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Speaker 2: And did you have anything to do with it? Yeah?

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Speaker 10: Right, that was up in North Jersey.

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Speaker 2: Oh okay, oh North Jersey. That's kind of a big

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Speaker 2: change for you.

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Speaker 10: Sydney Sydney Risso yeah, that was the man's name.

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Speaker 2: Maybe all right? Well great, well, thank you for timing

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Speaker 2: that up. We were all wondering what the hell's going

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Speaker 2: on with the phone today? Every call is, we're every

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Speaker 2: call is, let's get one somebody normal here. Tommy mend

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Speaker 2: of New Jersey, Tommy, how you doing?

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Speaker 9: Hey? Mark?

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Speaker 2: How are you good? That like a normal guy? Finally,

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Speaker 2: go ahead?

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Speaker 11: Thanks trying to publicize some I R S malfeasons. Long

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Speaker 11: story short. After my divorce, I fell behind and taxed

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Speaker 11: the infinents a payment plan with the I R S.

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Speaker 11: I checked my balance about four and a half years later,

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Speaker 11: and not one dollar was applied to reduce my principle.

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Speaker 2: Well, how much interest? You know, that's one thing that

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Speaker 2: I RASD. They put a ton of interest on it.

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Speaker 11: But even still it should go every payment a portion

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Speaker 11: should go to interest.

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Speaker 2: Abortion I don't know, you got to pay off that

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Speaker 2: interest first, I think how far how how far behind it.

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Speaker 11: It was in the you know, five figures. But even

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Speaker 11: with that and the interest amount I should have had,

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Speaker 11: I should have paid the interest of you know, about

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Speaker 11: a year and a half or two years in.

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Speaker 2: So when you had this problem, you get yourself a

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Speaker 2: good accountant or a lawyer or something to negotiate with

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Speaker 2: the I R S. Well, yeah, I reached.

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Speaker 11: Out to one of the tax companies that advised, and yeah,

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Speaker 11: they actually worked with me. And I've been the process

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Speaker 11: of solving this. But to me, I mean, any loan

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Speaker 11: you pay down principle and it should have clearly broken the.

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Speaker 2: Interesting It depends how depends how you negotiated you got

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Speaker 2: to get one of those who's that sponsor we had

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Speaker 2: for years that helps you with the I R s

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Speaker 2: they going and negotiate for you. You need one of

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Speaker 2: those kind of companies.

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Speaker 11: Yeah, I did, and they said they called this to

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Speaker 11: pay forever plan. The IRS keeps you on. They do

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Speaker 11: it on purpose, so I just think they're playing games.

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Speaker 11: And again the interest would have been paid often about

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Speaker 11: a year and a half.

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Speaker 2: After two years, well, good luck with it. We hope

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Speaker 2: you straightened up. But I would get a better lawyer

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Speaker 2: or something, one of my doctor Meltzer. I can't tell

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Speaker 2: you what to do with the IRS anyway. We normally

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Speaker 2: we get the best callers, the most interesting, upscale, fine, fun,

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Speaker 2: happy callers. I don't know today everybody's got a problem.

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Speaker 2: Everybody's miserable, everybody's hey. When we come back, we'll take

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Speaker 2: a look at the jobs numbers. We're supposed to be good.

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Speaker 2: Everybody thought it'd be a great jobs reported with you

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Speaker 2: to add fifty thousand jobs. I think it was down

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Speaker 2: ninety thousand. It didn't look good at all. And to

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Speaker 2: make matters even worse, the good numbers from previous month,

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Speaker 2: they just revised those down. So what the hell is

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Speaker 2: going on. We'll talk to the best guy you could

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Speaker 2: talk to on this subject, John Carney, Breitbart Business Digest.

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Speaker 2: This is the best business writer right now and nobody

407
00:21:53,720 --> 00:21:55,560
Speaker 2: better at analyzing this stuff. We'll find out what the

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Speaker 2: real problem is and what's gonna happen with oil prices

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Speaker 2: and what will happen with the stock market. We'll get

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Speaker 2: to that next on seven to ten wor.

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Speaker 7: Mister New York mar Simone on WOR.

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Speaker 2: Well, bring you to the smartest people around now, Breitbart

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Speaker 2: Business Digest. You got to read this, you got to

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00:22:15,640 --> 00:22:20,400
Speaker 2: subscribe to this. It's very important. Bright Bart Business Digest.

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Speaker 2: The President reads it. I mean, the smartest people. Larry

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Speaker 2: Kudlow is the first thing they read every day. Bright

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Speaker 2: Bart Business Digest. Go to Breitbart and where it says newsletters.

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00:22:30,000 --> 00:22:32,840
Speaker 2: Sign up for the Breitbart Business Digest. It's free. It'll

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00:22:32,840 --> 00:22:35,600
Speaker 2: come right to your email. But sign up for it

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00:22:35,640 --> 00:22:38,800
Speaker 2: at Breitbart dot com. And the editor of the Business

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Speaker 2: Digest is the brilliant John Karney, and he's with us

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Speaker 2: right now. John Carney, how you doing.

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Speaker 1: Thanks for having me Mark, and yeah, thanks for reading

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Speaker 1: Business Digest.

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Speaker 2: Well, thanks for doing it. It's great stuff. Now the

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Speaker 2: jobs numbers today was supposed to be up fifty thousand.

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Speaker 2: It's way down and they even revised down preview report.

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Speaker 2: What happened.

429
00:23:02,760 --> 00:23:07,080
Speaker 1: Yeah, it is a very bad jobs report. There's probably

430
00:23:07,240 --> 00:23:13,560
Speaker 1: a few non economic factors going on. Remember how harsh

431
00:23:13,720 --> 00:23:18,399
Speaker 1: February was weatherwise, and we had days where like you

432
00:23:18,440 --> 00:23:22,080
Speaker 1: know with blizzards in New York, there was days where

433
00:23:22,119 --> 00:23:26,719
Speaker 1: it was zero degrees less than zero degrees. You're not

434
00:23:26,840 --> 00:23:29,239
Speaker 1: hiring and you're not looking for a job in that

435
00:23:29,320 --> 00:23:33,000
Speaker 1: kind of weather. So that was probably contributed to part

436
00:23:33,040 --> 00:23:38,119
Speaker 1: of it. But look, the forecasts were supposedly taking that

437
00:23:38,160 --> 00:23:40,639
Speaker 1: into account. It's not like the people who said we

438
00:23:40,680 --> 00:23:42,840
Speaker 1: were going to get fifty thousand jobs didn't know it

439
00:23:42,880 --> 00:23:44,200
Speaker 1: was cold in February.

440
00:23:45,520 --> 00:23:46,560
Speaker 5: So this is a lot worse.

441
00:23:46,680 --> 00:23:50,720
Speaker 1: There was also has our health had a big strike

442
00:23:51,160 --> 00:23:54,120
Speaker 1: the Department of Labor, so that took out a lot

443
00:23:54,160 --> 00:23:59,119
Speaker 1: of the healthcare jobs. But this is a weak number

444
00:24:00,119 --> 00:24:04,159
Speaker 1: of it is probably AI driven. We saw business and

445
00:24:04,200 --> 00:24:08,920
Speaker 1: professional services and information those are two areas very exposed

446
00:24:08,960 --> 00:24:12,200
Speaker 1: to you know, people losing their jobs to AI. Those

447
00:24:12,280 --> 00:24:18,000
Speaker 1: both contracted. I think if you take a three month average,

448
00:24:18,040 --> 00:24:20,640
Speaker 1: so we added a lot of jobs in January.

449
00:24:20,760 --> 00:24:22,919
Speaker 5: But December got revised.

450
00:24:22,400 --> 00:24:26,760
Speaker 1: Down to a from a gain of forty eight thousand

451
00:24:26,880 --> 00:24:30,679
Speaker 1: to a loss. So we are that took out a

452
00:24:30,720 --> 00:24:35,320
Speaker 1: lot of jobs. We are averaging only about six thousand

453
00:24:35,440 --> 00:24:38,080
Speaker 1: jobs a month over the last three months, and if

454
00:24:38,080 --> 00:24:41,639
Speaker 1: you take the six month average, we've lost one thousand

455
00:24:41,760 --> 00:24:45,800
Speaker 1: jobs a month. That's a pretty weak labor market. The

456
00:24:45,840 --> 00:24:49,080
Speaker 1: Federal Reserve should look at that and say, you know,

457
00:24:49,640 --> 00:24:53,240
Speaker 1: there's some cause for concern here. We should be prepared

458
00:24:53,320 --> 00:24:57,080
Speaker 1: to cut rates if we need to. However, they're also

459
00:24:57,119 --> 00:25:00,840
Speaker 1: going to see stuff like oil prices rise very rapidly

460
00:25:01,400 --> 00:25:05,720
Speaker 1: and get nervous that that could lead to uh, lead

461
00:25:05,760 --> 00:25:08,679
Speaker 1: people to expect more inflation and therefore push inflation up.

462
00:25:08,960 --> 00:25:14,040
Speaker 2: Yeah, but overall the economy is healthy. So yes, you

463
00:25:14,080 --> 00:25:15,000
Speaker 2: must be very surprised.

464
00:25:15,119 --> 00:25:19,400
Speaker 1: Absolutely, the economy is growing very quickly.

465
00:25:20,480 --> 00:25:20,920
Speaker 2: We are.

466
00:25:21,080 --> 00:25:25,200
Speaker 1: Productivity has been you know, a huge winner, and that

467
00:25:25,280 --> 00:25:29,919
Speaker 1: actually may be part of the story here. We're the

468
00:25:30,200 --> 00:25:35,240
Speaker 1: output per our work of us workers has been rising

469
00:25:35,280 --> 00:25:38,040
Speaker 1: at a very rapid level. One of the things that

470
00:25:38,080 --> 00:25:40,880
Speaker 1: means is that businesses actually don't need to hire many

471
00:25:40,920 --> 00:25:44,159
Speaker 1: people because when you can get you know, three or

472
00:25:44,200 --> 00:25:48,920
Speaker 1: four percent more out of your worker than you were,

473
00:25:49,320 --> 00:25:54,000
Speaker 1: you know, a year ago. Then you you're hiring, needs

474
00:25:54,080 --> 00:25:56,879
Speaker 1: just don't go up as much. It's actually probably both

475
00:25:57,640 --> 00:26:00,359
Speaker 1: because unemployment is very low, and we and we're a

476
00:26:00,359 --> 00:26:03,320
Speaker 1: lot of people are retiring, and we're deporting a lot

477
00:26:03,359 --> 00:26:08,720
Speaker 1: of the low wage workers who were here illegally. Businesses

478
00:26:08,720 --> 00:26:11,840
Speaker 1: are actually trying to figure out how to do more

479
00:26:11,880 --> 00:26:16,960
Speaker 1: with fewer people. And so although you know, yes, I'm

480
00:26:16,960 --> 00:26:18,960
Speaker 1: not going to try to say that ninety two thousand

481
00:26:19,119 --> 00:26:22,320
Speaker 1: jobs is not a bad number, but I will say

482
00:26:22,720 --> 00:26:25,800
Speaker 1: it's not as bad as it looks, in part.

483
00:26:25,640 --> 00:26:28,680
Speaker 5: Because businesses are finding ways.

484
00:26:28,400 --> 00:26:33,639
Speaker 1: To grow without trying to hire people, and unemployment is

485
00:26:33,760 --> 00:26:36,840
Speaker 1: very low. Four point four percent is a very low number.

486
00:26:36,920 --> 00:26:39,520
Speaker 1: So even though we're not hiring people, there's not a

487
00:26:39,520 --> 00:26:41,040
Speaker 1: lot of people without jobs right now.

488
00:26:42,000 --> 00:26:45,320
Speaker 2: Hey, why are they revising earlier reports. I thought we

489
00:26:45,400 --> 00:26:47,160
Speaker 2: fixed that problem.

490
00:26:48,080 --> 00:26:52,479
Speaker 1: We'll never fix that problem, and it's going to stay

491
00:26:52,640 --> 00:26:55,800
Speaker 1: a problem. One of the things that's happened in recent

492
00:26:55,920 --> 00:27:01,480
Speaker 1: years is actually the initial respect spons free so you.

493
00:27:01,520 --> 00:27:02,840
Speaker 5: Know, they do these things.

494
00:27:02,680 --> 00:27:06,320
Speaker 1: It's actually very strange, you know that we still do

495
00:27:06,400 --> 00:27:10,119
Speaker 1: it this way, but it's basically they send out surveys

496
00:27:10,680 --> 00:27:13,200
Speaker 1: to businesses and say how many people work for you?

497
00:27:13,640 --> 00:27:18,240
Speaker 1: And the response rate from those surveys has gone way down,

498
00:27:18,800 --> 00:27:21,560
Speaker 1: at least the initial response rate. So businesses are taking

499
00:27:21,640 --> 00:27:26,760
Speaker 1: longer to report to the government they're payrolls. That means

500
00:27:27,040 --> 00:27:30,639
Speaker 1: that they get in later data, which means they have

501
00:27:30,680 --> 00:27:34,280
Speaker 1: to revise the prior numbers, and you get these wild

502
00:27:34,560 --> 00:27:39,120
Speaker 1: revisions and springs. The good news is the January number.

503
00:27:38,920 --> 00:27:41,280
Speaker 5: Which was really good, actually wasn't revised very much.

504
00:27:41,400 --> 00:27:43,760
Speaker 1: It came in at one hundred and thirty thousand. That was,

505
00:27:44,119 --> 00:27:48,600
Speaker 1: you know, the mind blowing January hiring spree. We saw

506
00:27:48,960 --> 00:27:51,600
Speaker 1: that got revised down to one hundred and twenty six thousand,

507
00:27:51,760 --> 00:27:55,320
Speaker 1: so still really really good numbers. The bad news is

508
00:27:56,080 --> 00:27:59,240
Speaker 1: maybe that gets revised again. But it also you know,

509
00:27:59,359 --> 00:28:03,320
Speaker 1: warned this one, this ninety two thousand, that could get revised,

510
00:28:03,320 --> 00:28:06,280
Speaker 1: and they don't just get revised down, they get revised up.

511
00:28:06,320 --> 00:28:09,160
Speaker 1: So this number might not be as bad, or maybe

512
00:28:09,160 --> 00:28:12,760
Speaker 1: it's much worse. I hate to like say you can't

513
00:28:12,800 --> 00:28:15,240
Speaker 1: rely on the numbers, but that's the way it is.

514
00:28:15,920 --> 00:28:18,240
Speaker 2: Why are we sending out surveys. It's twenty twenty six.

515
00:28:18,280 --> 00:28:21,200
Speaker 2: Why can't you digitally see exactly who's working.

516
00:28:20,960 --> 00:28:25,400
Speaker 1: Where you know you can, and there are people who

517
00:28:25,440 --> 00:28:29,000
Speaker 1: are trying to do that better. Look, I'll tell you

518
00:28:29,040 --> 00:28:32,199
Speaker 1: like a lot of the big banks they get a

519
00:28:32,200 --> 00:28:35,280
Speaker 1: lot of payroll data themselves because they have both.

520
00:28:35,320 --> 00:28:37,680
Speaker 5: You know, they're the banks for the businesses, so.

521
00:28:37,640 --> 00:28:39,719
Speaker 1: They and they and they're the banks for the people.

522
00:28:39,960 --> 00:28:42,360
Speaker 1: They look at their own internal data. You have ADP,

523
00:28:42,600 --> 00:28:44,760
Speaker 1: they put out their own reports. They're a big payroll

524
00:28:44,840 --> 00:28:48,880
Speaker 1: process or the government could probably update it from what

525
00:28:48,960 --> 00:28:51,240
Speaker 1: I understand, Actually some of the surveys are actually still

526
00:28:51,240 --> 00:28:55,280
Speaker 1: received by facts so literally, you know, like you have

527
00:28:55,320 --> 00:28:58,400
Speaker 1: a fact come in and people are reading it. That

528
00:28:58,520 --> 00:28:59,680
Speaker 1: sounds ridiculous.

529
00:28:59,880 --> 00:29:00,360
Speaker 9: It is.

530
00:29:00,840 --> 00:29:03,320
Speaker 1: I guess it's better than people having to mail them in,

531
00:29:03,840 --> 00:29:07,280
Speaker 1: but it is still it's not being done very efficiently.

532
00:29:07,360 --> 00:29:11,760
Speaker 2: Right wow, Hey John Carney, right, bart business dies. If

533
00:29:11,800 --> 00:29:13,560
Speaker 2: you watch the fake news, all you hear about is

534
00:29:13,600 --> 00:29:17,040
Speaker 2: oil prices, gas prices. It's good. Obviously it's a spike

535
00:29:17,320 --> 00:29:20,520
Speaker 2: due to the war. But correct, it's just a spike.

536
00:29:20,600 --> 00:29:22,920
Speaker 2: They will come down. Won't take these prices.

537
00:29:22,800 --> 00:29:26,200
Speaker 1: Yeah, they will come down. The real question and the

538
00:29:26,240 --> 00:29:30,680
Speaker 1: real question is how long they stay elevated. If oil

539
00:29:30,720 --> 00:29:34,720
Speaker 1: prices go up? Right now, they're going up a lot.

540
00:29:34,840 --> 00:29:36,960
Speaker 1: This morning, I saw brent krude, which is like the

541
00:29:37,080 --> 00:29:41,800
Speaker 1: international standard, was up above ninety one dollars a barrel.

542
00:29:42,240 --> 00:29:44,840
Speaker 1: That's a lot. It's less than what we saw back

543
00:29:44,880 --> 00:29:46,960
Speaker 1: in twenty twenty two. I mean, we saw oil get

544
00:29:47,000 --> 00:29:49,000
Speaker 1: up to one hundred and fifty dollars a barrel under

545
00:29:49,000 --> 00:29:52,000
Speaker 1: Biden was and that's what led to gas prices going

546
00:29:52,040 --> 00:29:55,560
Speaker 1: sky high. We will see gas prices go up even

547
00:29:55,600 --> 00:29:58,440
Speaker 1: from a short term oil spike, but it really doesn't

548
00:29:58,480 --> 00:30:01,800
Speaker 1: start to weigh on the to me unless it stays

549
00:30:01,880 --> 00:30:05,560
Speaker 1: up there. So as long as the Trump administration in

550
00:30:05,560 --> 00:30:10,120
Speaker 1: the US military can get that golf that straight of

551
00:30:10,200 --> 00:30:13,280
Speaker 1: her moves open so that Persian golf oil can come through,

552
00:30:13,480 --> 00:30:16,000
Speaker 1: which is about twenty percent of the world's oil supply.

553
00:30:16,680 --> 00:30:19,840
Speaker 1: As long as that reopens, we'll see this come down.

554
00:30:19,880 --> 00:30:22,320
Speaker 1: It's probably it's almost certainly not going to be a

555
00:30:22,440 --> 00:30:26,200
Speaker 1: permanent increase in the price of oil. It should come down,

556
00:30:26,920 --> 00:30:31,360
Speaker 1: but it's not clear right right now. Donald Trump says

557
00:30:31,400 --> 00:30:34,040
Speaker 1: he wants to keep going until he gets an unconditional

558
00:30:34,080 --> 00:30:37,480
Speaker 1: surrender from Iran. Iran still has missiles that they can

559
00:30:37,560 --> 00:30:40,959
Speaker 1: launch tankers, but straight that try to get through this

560
00:30:41,120 --> 00:30:44,480
Speaker 1: bottleneck between the Persian golf and the rest of the world.

561
00:30:45,200 --> 00:30:48,960
Speaker 1: So you know, it could last a while right now.

562
00:30:49,000 --> 00:30:50,800
Speaker 5: I think one of the reasons the prices are up so.

563
00:30:50,800 --> 00:30:54,360
Speaker 1: Much today is because people are worried that maybe the

564
00:30:54,400 --> 00:30:56,120
Speaker 1: conflict doesn't get resolved quickly.

565
00:30:56,240 --> 00:30:59,400
Speaker 2: Yeah, hey what about Wall Street? They I mean, you

566
00:30:59,480 --> 00:31:01,920
Speaker 2: fire one shot in the panic? What is this panic?

567
00:31:01,920 --> 00:31:02,360
Speaker 2: It waste?

568
00:31:03,920 --> 00:31:07,880
Speaker 1: Yeah, look, we've seen this, I think for a year.

569
00:31:08,120 --> 00:31:12,280
Speaker 1: Every time something bad happens, Wall Street panics. Right, So

570
00:31:13,000 --> 00:31:15,720
Speaker 1: if Trump announces tariffs that are higher than they expected,

571
00:31:15,760 --> 00:31:18,200
Speaker 1: you get this sell off. The people who really make

572
00:31:18,240 --> 00:31:20,040
Speaker 1: money on Wall Street these days are the people who

573
00:31:20,120 --> 00:31:23,440
Speaker 1: buy into the selloffs because they reverse. You know, if

574
00:31:23,520 --> 00:31:28,320
Speaker 1: you've timed it back to the to that Trump to

575
00:31:28,440 --> 00:31:33,560
Speaker 1: the Trump Liberation Day tariff announcement, stocks are up close

576
00:31:33,600 --> 00:31:35,520
Speaker 1: to thirty percent of that.

577
00:31:35,600 --> 00:31:38,680
Speaker 5: So you know, the smart guys.

578
00:31:37,880 --> 00:31:41,000
Speaker 1: Made a lot of money by buying into the panics.

579
00:31:41,000 --> 00:31:43,680
Speaker 1: And we'll probably see that again. People. You know, the

580
00:31:43,760 --> 00:31:47,560
Speaker 1: Dow goes down, people smart money will come in and

581
00:31:47,600 --> 00:31:51,960
Speaker 1: buy that said, like, look, the stocks aren't even down

582
00:31:52,040 --> 00:31:56,280
Speaker 1: that much. I would have thought with oil up at

583
00:31:56,400 --> 00:32:00,760
Speaker 1: you know, above ninety dollars, that we've seen even bigger panic.

584
00:32:01,240 --> 00:32:04,640
Speaker 1: I think people are figuring out that this is probably

585
00:32:04,680 --> 00:32:07,720
Speaker 1: not going to be an economic catastrophe, even with these

586
00:32:07,760 --> 00:32:12,600
Speaker 1: bad jobs numbers. Again, that could change, though, if it

587
00:32:12,640 --> 00:32:15,240
Speaker 1: does seem like we're going to be in a long,

588
00:32:15,320 --> 00:32:20,320
Speaker 1: drun out war, or that Iran's offensive capabilities in the

589
00:32:20,360 --> 00:32:23,160
Speaker 1: Persian Gulf are stronger than people thought.

590
00:32:23,360 --> 00:32:27,400
Speaker 2: Wow. Well, John Karney, great stuff. I urge everybody to

591
00:32:27,480 --> 00:32:30,040
Speaker 2: sign up. You're gonna love it. Read it every day.

592
00:32:30,120 --> 00:32:33,800
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593
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594
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596
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Speaker 2: and you'll love it. John Karney, great stuff. Thanks for

597
00:32:45,920 --> 00:32:50,440
Speaker 2: being with us, Thanks for having me, Mark, I take care. Hey,

598
00:32:50,480 --> 00:32:53,880
Speaker 2: don't forget Buck and Clay Noon today and get Buck's

599
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600
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603
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Speaker 2: Larry starting Monday on seven ten wor mi miss a

605
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