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Speaker 1: Now on the Voice of New York. He's the Mark

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Speaker 1: Simone Show on seven tenor Hey, it's spring. It's the

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Speaker 1: first day of spring. How do you like that? Winter

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Speaker 1: is gone? It's over. It's spring today. It's also Friday.

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Speaker 1: A lot to talk about. We'll give you all the

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Speaker 1: latest on Iran. We'll give you a complete update on

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Speaker 1: the war. We'll get to the bachelorete who should get

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Speaker 1: fired over that mess. We'll get to CBS, speaking of firing,

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Speaker 1: they're laying off a lot of people today. We'll get

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Speaker 1: to crazy Kathy Hochel. We'll get to a crazy mayor, mom,

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Speaker 1: Donny's looney wife. We'll get to Bob Barker, We'll get

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Speaker 1: to Chuck Schumer, and a whole lot more coming up.

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Speaker 1: So Iran, Well, hey, we killed last night in one

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Speaker 1: of our strikes. Well I think it is Israel actually,

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Speaker 1: but we killed the spokesperson, the spokesman for the Iran

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Speaker 1: Revolutionary Guard. It's not exactly the safest job to have

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Speaker 1: right now, the spokesman for the Revolutionary Guard. He was

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Speaker 1: killed last night, blown up. The war continues. The USS Tripoli,

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Speaker 1: a very serious warship, is heading to Iran right now,

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Speaker 1: along with some other assets, you know. I'm sure Iran

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Speaker 1: knows this, and then they know things are going to

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Speaker 1: escalate seriously when this stuff gets there, the stuff heading

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Speaker 1: their amphibious crafts that Tripoli can do very very close

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Speaker 1: up work with small planes, helicopters probably be used to

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Speaker 1: take out drones, all that sort of stuff. And it

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Speaker 1: will be a big help in opening the Straits of

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Speaker 1: horn Moose, which will open in a couple of weeks.

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Speaker 1: It'll be open. It's about thirty nine ships a day,

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Speaker 1: tankers thirty nine tankers a day that come out of

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Speaker 1: the Straits of horn Moose. It doesn't affect us much

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Speaker 1: because we don't use that oil, but it affects worldwide prices.

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Speaker 1: So you'll see a lot of action when the ship

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Speaker 1: gets there. So the next two weeks you'll probably see

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Speaker 1: just everything wiped out and pretty much the end of

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Speaker 1: all the offensive assets of Iran, and then things will

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Speaker 1: be different. Then you may see a boot on the

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Speaker 1: ground for a little for a few minutes here and there,

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Speaker 1: and then it should be the mop up and clean

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Speaker 1: up of all that. Now we are talking to Iran.

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Speaker 1: US officials and Iranian officials are in talks back channel

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Speaker 1: talks are taking place. But also we're talking with people

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Speaker 1: on the ground in Iran, possible opposition people they want

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Speaker 1: to revolt against this government, people that might take over.

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Speaker 1: We have people in the intelligence community talking to them.

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Speaker 1: So things are progressing. President wants two hundred billion dollars

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Speaker 1: in funding for the Iraq effort. Congress doesn't want to

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Speaker 1: give it to them. Of course, Democrats and some Republicans

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Speaker 1: yelling and screaming about that. We don't really need two

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Speaker 1: hundred billion. To cost about two billion a day, and

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Speaker 1: it's not expected to go another one hundred days. But

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Speaker 1: the reason they want a big amount is they want

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Speaker 1: all the money right now. They don't have to go

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Speaker 1: back and ask for more money during the summer or

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Speaker 1: the fall, because that's when the midterms take place. It

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Speaker 1: will look bad to be asking for more money then.

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Speaker 1: So that's why they're asking for a huge amount now.

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Speaker 1: Democrats know that, and that's why they're negotiating. They want

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Speaker 1: to give it, give you a little now, you have

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Speaker 1: to keep coming back for more because they want that

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Speaker 1: to happen during the midterm race Trump having to ask

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Speaker 1: for more money. So yesterday the Japanese Prime Minister is

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Speaker 1: visiting the White House. And you have to remember the

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Speaker 1: fake news. The Democrats, the media have one mission, and

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Speaker 1: that is to just wipe out Trump, make him look bad.

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Speaker 1: Whatever he does is horrendo us. Anything he does is awful.

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Speaker 1: Even when it comes to US at war. They'll take

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Speaker 1: the other side. They'll hope it goes badly. They'll hope

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Speaker 1: it's a disaster. They'll hope we screw up because it'll

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Speaker 1: make Trump look bad. Anything to make Trump look bad.

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Speaker 1: And then they create this fake narrative. They broadcast the

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Speaker 1: fake narrative. It usually starts with the New York Times

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Speaker 1: of the Washington Post, and then all the TV and

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Speaker 1: all the websites pick it up, and then all the

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Speaker 1: sheep out there start repeating it. You know, when the

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Speaker 1: Iran war started, a New York Times, a violation of

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Speaker 1: international law, and then that's all you heard. It's a

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Speaker 1: total violation of international law. And then all the sheep

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Speaker 1: are running around violated international law. Nobody ever bothered to

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Speaker 1: tell them. There's no such thing as international law. It

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Speaker 1: doesn't exist anywhere. I guess you could look at court

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Speaker 1: decisions around the world, but it doesn't affect us. It

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Speaker 1: has no standing. I mean, it doesn't. There is no

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Speaker 1: international law that we have to follow. We follow only

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Speaker 1: But don't tell them that. Then even if you did

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Speaker 1: to tell them, they won't believe you. So the current

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Speaker 1: what if you're going to hear for the next day

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Speaker 1: or two, you'll see it on the Sunday shows. Was

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Speaker 1: the Trump seriously offended the Japanese Prime minister. He said

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Speaker 1: something so outrageous to her. The Japanese prime minister, by

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Speaker 1: the way, loves him, loves him. And you'll notice you're

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Speaker 1: not supposed to do this. She kept calling them Donald

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Speaker 1: in the meeting, in front of the press, all the

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Speaker 1: press there. Even if you're his closest friend on earth,

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Speaker 1: you call him mister president in public. Maybe in private,

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Speaker 1: he'll tell you, in private, call me Donald, But in

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Speaker 1: public you say mister President. But she kept saying Donald.

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Speaker 1: And she was doing that deliberately because President Trump is

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Speaker 1: loved in Japan. She's the new president, and she wants

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Speaker 1: the population, the public of Japan to see that she

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Speaker 1: has a good relationship with him. That's very important for her.

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Speaker 1: So she kept calling him Donald. And even the interpreter's

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Speaker 1: giving her a look like you want me to say Donald,

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Speaker 1: But he said Donald, So this is the line. This

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Speaker 1: is the fake news went crazy with the sheep, will

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Speaker 1: all go crazy. Repeating this, the reporter asks about the

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Speaker 1: attack in Iran, it's kind of a dumb question. Why

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Speaker 1: did you make it a surprise. Why didn't you tell

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Speaker 1: your allies? Well, first of all, we can't trust these

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Speaker 1: allies right now, and you have to keep it a surprise.

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Speaker 1: The attack on Iran, the first wave, the whole the

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Speaker 1: secret of it was the surprise, because that's how we

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Speaker 1: took out the Ayatola and the top forty leaders all

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Speaker 1: at once. They had no idea attack was coming, so

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Speaker 1: they actually held a meeting out in the open. They

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Speaker 1: all got together in one building and met, and that's

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Speaker 1: where we blew them all up and got the Ayatola.

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Speaker 1: If you had told the allies, they would have leaked

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Speaker 1: it to somebody and there never would have been that meeting,

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Speaker 1: So we never would have gotten the Ayatola and forty

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Speaker 1: one leaders the first day. But the reporter asked him,

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Speaker 1: why did you keep it a secret?

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Speaker 2: One thing you don't want to signal too much, you know,

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Speaker 2: when we go in, we went in very hard, and

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Speaker 2: we didn't tell anybody about it because we wanted surprise.

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Speaker 2: Who knows better about surprise in Japan? Hey, why didn't

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Speaker 2: you tell me about Pearl Harbor? Okay, right, he's asking me,

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Speaker 2: do you believe in surprise? I think much more so

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Speaker 2: than us.

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Speaker 1: All right, now, you're gonna see this on the Sunday shows.

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Speaker 1: You see this all over the fig and it was

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Speaker 1: outrageously How dare he say something like, well, okay, you're

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Speaker 1: not supposed to if you're the president. I mean, you

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Speaker 1: can't picture Bush Obama, anybody making a Pearl Harbor joke

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Speaker 1: in front of the Japanese Prime minister. You're not supposed

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Speaker 1: to do it. But he's not. Trump's not a politician.

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Speaker 1: He's not a politician. He's a real regular guy and

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Speaker 1: he's got a good Don Rickles side to him. And

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Speaker 1: people love it. And actually, there's some people that are

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Speaker 1: never gonna like Trump. They want a traditional politician. They

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Speaker 1: like the formality of a professional politician. They don't want

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Speaker 1: a real guy from real life coming into government talking

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Speaker 1: like that. They don't want the Don Rickles stuff coming out.

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Speaker 1: But let's listen to that again. I think it was

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Speaker 1: a great moment. If you love Trump, this is one

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Speaker 1: of his finest moments.

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Speaker 2: One thing you don't want to signal too much. You know,

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Speaker 2: when we go in, we went in very hard and

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Speaker 2: we didn't tell anybody about it because we wanted surprise.

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Speaker 2: Who knows better about surprise than Japan? Okayy, why didn't

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Speaker 2: you tell me about Pearl Harbor? Okay, right, he's askab

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Speaker 2: do you believe in surprise? I think much more so

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Speaker 2: than us.

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Speaker 1: Yeah, all right, I know you're not supposed to do

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Speaker 1: that if you're a present, but it's great. It's a

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Speaker 1: great moment, and it's absolutely true, and we have a

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Speaker 1: right to make Pearl Harbor jokes if we if we

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Speaker 1: want to. Hey, as I said, over there at CBS,

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Speaker 1: they're going to lay off a lot of people today

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Speaker 1: six percent of the news force work force, six percent

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Speaker 1: will be laid off today right over there in the

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Speaker 1: fifty seventh Street. They think the total will reach fifteen

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Speaker 1: percent in the coming weeks. It's they describe it as

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Speaker 1: an industry shift. Well, yeah, a lot of people work

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Speaker 1: in these places. I mean ton of people. You know,

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Speaker 1: in the good old days, if you were CBS Nightly

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Speaker 1: News you had eight nine million viewers. Primetime you had

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Speaker 1: twenty million viewers. Morning show you had five six million viewers.

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Speaker 1: It's a different world now. Nightly News three and a

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Speaker 1: half million viewers. Prime Time maybe six million viewers, Morning

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Speaker 1: show maybe one and a half, maybe one million. You

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Speaker 1: don't have the audience anymore. And when the audience drops

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Speaker 1: by like seventy five percent, so do the advertising rates

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Speaker 1: that the sponsor pays. And then your revenue is less.

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Speaker 1: And if your revenue is a lot less, you got

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Speaker 1: to cut your workforce. If you had eight thousand people

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Speaker 1: working there, you got to cut it to four thousand

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Speaker 1: or something like that. So that's what's going on, as

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Speaker 1: the new CBS News president says, it's industry wide, an

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Speaker 1: industry shift. It'll go on at all the different networks,

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Speaker 1: and it's got to happen. Gotta happen. So the Bachelourette

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Speaker 1: on AB, they know you had The Bachelor, the Bachelorette,

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Speaker 1: so they do a whole season at once before it

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Speaker 1: even starts airing, kind of like The Apprentice. They film

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Speaker 1: the whole season and then they air it. The only

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Speaker 1: thing they say for the end is the final where

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Speaker 1: they choose the person that's got to be live. But

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Speaker 1: when you film the whole season, it's about two million

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Speaker 1: dollars an episode, believe it or not. To do the

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Speaker 1: Bachelorette two million an episode. I think they had four

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Speaker 1: or five ready to go fully edited, and more in

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Speaker 1: the works. But the whole season can cost let's say

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Speaker 1: thirty thirty five million, some even say fifty but figure

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Speaker 1: thirty five million to produce the season. So they picked

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Speaker 1: the Bachelorette, They filmed the whole thing with her, spend

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Speaker 1: all these millions. Then the video comes out of her

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Speaker 1: a few years ago. It turns out she's guilty of

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Speaker 1: serious domestic abuse and pleaded guilty and felony convictions. She

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Speaker 1: got probation, but the video comes out where she's with

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Speaker 1: the husband and their little little daughter is right there

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Speaker 1: two feet away, and she's screaming and cursing and fighting

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Speaker 1: and kicking with the husband, and then she picks up

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Speaker 1: a chair to whack them with the chair. I mean,

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Speaker 1: this is like Richie a Prio and ABC didn't know

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Speaker 1: about it. So because of this, because of this, they've

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Speaker 1: canceled the whole season. They're going to just throw it

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Speaker 1: away and not use it. Now, what would you do

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Speaker 1: if you were ABC? I don't know. I'd still watch it.

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Speaker 1: I think, you know, it's terrible, but I'd watch it.

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Speaker 1: In fact, if they're smart, they'll put it out somewhere

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Speaker 1: on YouTube or something or just let people see it.

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Speaker 1: But now the real question, somebody's gonna get fired over this,

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Speaker 1: because when you hire people, he's supposed to do a

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Speaker 1: background check. You know, every major corporation when they hire people,

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Speaker 1: they got a whole company. That's what they do. Some

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Speaker 1: security company, detective atings some of you just give them

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Speaker 1: the names. They check everybody out for you see if

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Speaker 1: there's anything in their past. You know, they find out something,

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Speaker 1: oh you know to suspend the driver's license. Oh go

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Speaker 1: check what that was all about. Or they have a

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Speaker 1: drinking problem, you know, stuff like that. And if you

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Speaker 1: have a felony conviction, domestic abuse, in fact, you've got

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Speaker 1: a few felonies and been arrested a few times, that

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Speaker 1: shows up on a background check. So if you're going

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Speaker 1: to spend thirty five million shooting this whole season, before

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Speaker 1: you risk the money, you think you do a background

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Speaker 1: check on your bachelorette. Somebody didn't do it. It's a

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Speaker 1: shock to me that before they'd commit to spend all

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Speaker 1: that money on one person they would have a background

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Speaker 1: check done, and so they didn't do it. So I

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Speaker 1: would imagine somewhere at the top, somebody's getting fired.

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Speaker 3: Now.

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Speaker 1: Usually those shows, and I actually don't know about the Bachelotte,

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Speaker 1: usually produced by a company who pays all this and

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Speaker 1: then they sell it to ABC. But usually ABC has

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Speaker 1: to kick in part of the financing. So whoever didn't

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Speaker 1: do that background check, don't be surprised if they get

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Speaker 1: fired over this, because it is a stupid thing. Hey,

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Speaker 1: I loved Bob Barker the Price is Right. I didn't

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Speaker 1: know him that well, but he was a guest on

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Speaker 1: the show all the time, and I hung out with

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Speaker 1: him a future. This was the greatest guy, this wonderful, warm,

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Speaker 1: sweet guy. And now all this stuff is coming out.

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Speaker 1: One of you remember they had always had three beautiful

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Speaker 1: models on the prices, right, And you know, if you're

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Speaker 1: a little kid watching that, you like those. I like that,

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Speaker 1: Diane Parkinson, I like the other one. But turns out

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Speaker 1: Bob Barker on one of them, writes a book on

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Speaker 1: how awful he was and behind the scenes all the

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Speaker 1: terrible things going on. And then apparently there's a new

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Speaker 1: documentary coming out that shows him, and well it was.

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Speaker 1: It became pretty well known he and Diane Parkinson had

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Speaker 1: an affair. Okay, I think Barker's wife had died, but

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Speaker 1: now the other one is saying it wasn't It was

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Speaker 1: more than an a fair. It was really annoying because

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Speaker 1: she described it as dressing room sex in between tween shows.

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Speaker 1: You know, they tape like four or five shows in

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Speaker 1: a day, but listen, that goes on all the time,

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Speaker 1: all the time, trying not to see. I can't mention it,

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Speaker 1: should I mention any names. I don't know what it was.

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Speaker 1: I think Rodney, somebody named Rodney. I won't say which Rodney,

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Speaker 1: but a guy named Rodney was appearing at a big

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Speaker 1: venue and the agent was set the checkout sent to

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Speaker 1: check the venue over and Rodney said, hey, make sure

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Speaker 1: there's a bed in the dressing room. And he called Rodney.

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Speaker 1: He said, yeah, I got a bed in the dressing room.

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Speaker 1: The only problem is right next to the kitchen, a

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Speaker 1: lot of noise. And Rodney said, I don't care. I'm

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Speaker 1: not gonna be sleeping in that bed. So well, it

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Speaker 1: goes on all the time. It's pretty common, so but

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Speaker 1: I hate to see Bob Barker go through all of that. Hey, hey,

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Speaker 1: we did our big event last night, our big networking

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Speaker 1: CEO event, and I have we don't have all the

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Speaker 1: pictures yet to put up online. But it was at

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Speaker 1: a beautiful venue, two Park Avenue. It's this office building

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Speaker 1: thirty second in part absolutely magnificent. They got the most

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Speaker 1: beautiful venue on the top floor, big rooftop venue, spectacular

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Speaker 1: the way it looks. It's phenomenal for a networking event

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Speaker 1: or any kind of event you want to throw there.

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Speaker 1: But it also has this outdoor terrace that's spectacular. In fact,

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Speaker 1: check my Instagram you'll see a picture of me out

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Speaker 1: in the terrace there. Mark Simone NYC at Instagram. But

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Speaker 1: when we get all the pictures, we'll start posting. This

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Speaker 1: great event. Met a lot of great listeners there, and

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Speaker 1: a lot of our great advertisers and sponsors were there. Hey,

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Speaker 1: we'll take some calls. Next. Eight hundred three two one

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Speaker 1: zero seven ten is the number. Eight hundred three two

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Speaker 1: one zero seven ten set up pre set on the

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Speaker 1: iHeartRadio app to doubor to hear Mark live.

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Speaker 4: Set another for Mark's podcast to hear him anytime.

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Speaker 5: Now back to Mark Simone on do woar.

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Speaker 1: Hey, we just found out Chuck Norris died. Chuck Norris dead.

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Speaker 1: It eighty six. Wow, he was eighty six. How the

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Speaker 1: hell did that happen? He was eighty six already. I

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Speaker 1: never heard anybody say a bad word about Chuck Norris. Anyway,

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Speaker 1: let's take some calls. Let's go to Dave in Chicago. Dave,

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Speaker 1: how you doing.

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Speaker 6: Good morning, Mark. I'm doing very well, Thank you, Mark.

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Speaker 6: This is shocking. Arkansas Governor Sarah Huckabee Sanders was kicked

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Speaker 6: out or asked to leave a restaurant for making it

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Speaker 6: staff uncomfortable with her security detail. They occupied two tables.

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Speaker 6: And what kills me is not only is she the

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Speaker 6: governor of the state, but I think this sort of

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Speaker 6: thing happened to her once before. Where's the respect?

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Speaker 1: Well, you're talking about Trump de arrangement syndrome. You're talking

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Speaker 1: about crazy, unhinged Democrats, left wing nuts, and I imagine

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Speaker 1: the restaurant a lot of younger workers was suffering severe

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Speaker 1: cases of Trump de arrangement syndrome. It happens. I mean, hey,

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Speaker 1: enjoy the fact that they're so angry and piled up

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Speaker 1: and so just fuming an unhinged You can get a

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Speaker 1: kick out of it. Now she is the governor. I

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Speaker 1: wouldn't be surprised if this restaurant gets visited by every

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Speaker 1: inspector in the world from that state. Let's go to

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Speaker 1: Michael on the east Side. Michael, how you doing, Mark?

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Speaker 3: Yeah, the event last night was spectacular.

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Speaker 1: Oh you were there?

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Speaker 3: Yeah, In fact, you and I took a picture under

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Speaker 3: the chandelier, I said, Michael east Side. And in any event,

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Speaker 3: I met people on your team. There quite a group of.

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Speaker 1: People, salespeople, management, a lot of SHELLEYE. Rome was there.

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Speaker 1: Curtis was there, Larry MENTI of course, yeah, heard Curtis.

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Speaker 3: But the way the way it is done was really

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Speaker 3: top notch. And that space that you have there, wow, well.

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Speaker 1: We don't have it. Building called to Park Avenue. It's

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Speaker 1: beautiful and they got the most beautiful.

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Speaker 3: That you used and everything was just gotten top notch.

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Speaker 3: Incredible people that I met there from your.

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Speaker 1: So thanks for coming, Thanks for being there last night.

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Speaker 1: Let's go to Mike and Florida. Mike, how you doing.

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Speaker 1: Good morning, Mark? Yes, Mike.

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Speaker 4: To amplify what Dave was saying earlier about Sarah, how

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Speaker 4: could be being booted out of another restaurant. You know

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Speaker 4: they have cont you know, well, mom Donnie's wife. Every

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Speaker 4: day there's another thing about her liking somebody getting their

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Speaker 4: head chopped off, and not a peep is said about it.

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Speaker 4: And he's no bargain himself with some of the stuff

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Speaker 4: he said in the past. But Sarah Huckabee Sanders, who

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Speaker 4: couldn't be, you know, the most pleasant person on the

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Speaker 4: face of the earth, and she can't go out to

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Speaker 4: eat with her family. And it's astonishing that it's allowed,

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Speaker 4: and that nobody on the right side of the aisle

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Speaker 4: ever speaks out about it.

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Speaker 1: The city Lee vociferously look at the words discuss us

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Speaker 1: and vaciferously, whoa, he's going the multi syllabic on us here. Well,

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Speaker 1: all right, let's check back in about a month and

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Speaker 1: see what the condition to that restaurant is. Let's see

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Speaker 1: if it's either closed, gone, everybody's fired, or they've got

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Speaker 1: ten thousand violations from inspectors. Let's check out. I'd love

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Speaker 1: to see it. All right, thanks for calling. Let's go

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Speaker 1: to Joe in Elmwood Park. Joe, how you doing, Good morning, Mark,

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Speaker 1: how you doing.

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Speaker 6: Isn't it a coincidence that New Jersey is one of the.

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Speaker 5: States that doesn't want to open up their voting your

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Speaker 5: registration books.

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Speaker 1: Yea. The fraud, well, hey, fraud is one of the

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Speaker 1: main industry of New Jersey. Listen, everybody there will admit

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Speaker 1: fraud every inch of government fraud, every inch of everything

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Speaker 1: in the public stuff in New Jersey.

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Speaker 5: Yeah, and that's how we got our clown.

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Speaker 6: Like New York got the hoceal, we got our clown

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Speaker 6: over here.

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Speaker 1: Yeah, you got a pretty silly well. Although, oh, if

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Speaker 1: I had to copy off somebody's test paper, i'd pick

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Speaker 1: your governor. I think she's got a few IQ points

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Speaker 1: on Huckel. But we'll get to Hokele in the next hour.

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Speaker 1: She's in a lot of heat virally all over the

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Speaker 1: internet for she just totally contradicted herself. You know, these

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Speaker 1: Democrats sometimes they don't realize they're admitting how stupid they were.

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Speaker 1: We'll get to that in the next hour. Schumer, same thing.

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Speaker 1: But when we come back to one of the greatest

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Speaker 1: economists business writers, John Carney, Now he'll give us the

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Speaker 1: real story on oil prices. What's gonna happen with oil prices.

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Speaker 1: We'll get to that. We'll get to inflation we'll get

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Speaker 1: to the economy, the real state of the economy coming

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Speaker 1: up next on seven to ten. WR.

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Speaker 5: Let's get back to the Mark Simone Show on wor Well.

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Speaker 1: John Carney, the brilliant business editor Breitbart Business Digest. You know,

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Speaker 1: the top economists in the world, a lot of the

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Speaker 1: business comunity. They subscribe to the bright Bart Business Digest.

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Speaker 1: You should too. It's great stuff every day. Just go

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Speaker 1: to right part and then go to newsletters and subscribe.

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Speaker 1: It's free. Just subscribe to the bright Part Business Digest.

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Speaker 1: You can read John Carney there every day. John Carney,

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Speaker 1: how you doing? Bring me back on Hey, great to

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Speaker 1: have you. Hey. Now tell us about oil. Saud East

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Speaker 1: are saying, I go to one eighty of it. People

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Speaker 1: all upset. It's at one oh five, it's one ten.

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Speaker 1: This is all just temporary, isn't it.

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Speaker 5: It is temporary. But the problem is nobody knows how

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Speaker 5: long the temporary lasts.

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Speaker 6: Actually, in some.

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Speaker 5: Ways, if it was seen as longer, we would actually

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Speaker 5: get more US investment in oil that would then help

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Speaker 5: bring the oil price down. They always say the cure

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Speaker 5: for high prices is high prices because it brings on

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Speaker 5: more supply. Here that's unfortunately not going to happen because

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Speaker 5: the high prices are being caused by the bottleneck at

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Speaker 5: the straight of her moves, and so nobody's going to

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Speaker 5: invest in new production in the US because that they

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Speaker 5: expect that to be cleared up. The real problem, though,

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Speaker 5: is when if we have oil at one hundred and

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Speaker 5: ten dollars a barrel, gasoline at around four dollars a

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Speaker 5: gallon for a week or two, we're okay. If it

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Speaker 5: persists at that level or goes even higher, the saudis

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Speaker 5: talking about one hundred and eighty dollars a barrel. That

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Speaker 5: will be very bad for the economy, not because it

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Speaker 5: will cause inflation, but because it will actually cost the opposite,

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Speaker 5: an economic contraction. Every dollar extra a gallon that you

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Speaker 5: have to put into your car is a dollar less

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Speaker 5: that you have to spend on the other goods and

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Speaker 5: services that you buy.

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Speaker 1: For your house, your family.

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Speaker 5: So gas says a tax, slow down the economy, And

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Speaker 5: the real question is just duration. Persistence one hundred and

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Speaker 5: ten dollars for a couple of days, we're fined for

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Speaker 5: a couple months, it will slow the economy.

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Speaker 1: Yeah, now there's things the president can do release oil

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Speaker 1: from the strategic reserve. He can turn up some spigots somewhere.

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Speaker 1: Right there's things we can do if we have to.

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Speaker 5: There are some things we can do, but it's actually

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Speaker 5: much more limited than people think. We can use the

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Speaker 5: Strategic Controlling Reserve, but the problem is we actually have

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Speaker 5: a lot of supply in the US right now. We

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Speaker 5: can The President suspended the Jones Act, which controls what

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Speaker 5: kind of ships can move oil from the Gulf Coast

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Speaker 5: up the East Coast. That'll help a little bit, but

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Speaker 5: there's not a lot he can do because oil price

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Speaker 5: is not just on what's available right now, but what

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Speaker 5: people expect to be available in the future. Your reserves

429
00:23:58,480 --> 00:24:02,800
Speaker 5: have an endpoint to that. Again, if this ends quickly,

430
00:24:03,359 --> 00:24:05,919
Speaker 5: you probably can use the reserves to hold down prices

431
00:24:05,920 --> 00:24:08,439
Speaker 5: from going up. If it keeps going, you can.

432
00:24:09,200 --> 00:24:11,760
Speaker 1: So let's say two weeks and six days from now

433
00:24:11,840 --> 00:24:15,240
Speaker 1: they reopen the straits of horn Moose, thirty forty tankers

434
00:24:15,280 --> 00:24:17,760
Speaker 1: a day are coming through. Then how long before the

435
00:24:17,880 --> 00:24:18,520
Speaker 1: price comes down.

436
00:24:20,359 --> 00:24:25,359
Speaker 5: Well they always say that, particularly gasoline prices, that they

437
00:24:25,520 --> 00:24:30,240
Speaker 5: rise like a rocket and fall like a feather. There's

438
00:24:30,320 --> 00:24:33,800
Speaker 5: good reason for that, in that the gas station owners

439
00:24:33,960 --> 00:24:39,119
Speaker 5: are nervous about dropping the price down too far, too quickly,

440
00:24:39,560 --> 00:24:43,280
Speaker 5: because they're always thinking not of how much did I

441
00:24:43,359 --> 00:24:45,680
Speaker 5: pay for this gas, but how much will I have

442
00:24:45,880 --> 00:24:49,000
Speaker 5: to pay for my next tanker full of gas that

443
00:24:49,080 --> 00:24:50,680
Speaker 5: I have to fill up. You have to have make

444
00:24:50,800 --> 00:24:53,200
Speaker 5: enough money to be able to fill up the next tanker.

445
00:24:53,520 --> 00:24:56,000
Speaker 5: So it'll take some time for gasoline prices to come down.

446
00:24:56,520 --> 00:25:00,199
Speaker 5: Oil prices, though, will go down right away. I think

447
00:25:00,280 --> 00:25:02,720
Speaker 5: as long as people are confident that you know that

448
00:25:02,840 --> 00:25:05,920
Speaker 5: it's open, that it's going to stay open, we will

449
00:25:05,960 --> 00:25:09,080
Speaker 5: see a pretty dramatic decline in the price of oil,

450
00:25:09,600 --> 00:25:12,400
Speaker 5: and then gas will take a little longer to come down,

451
00:25:12,760 --> 00:25:16,200
Speaker 5: but not much. In pretty short order, we'll see the

452
00:25:16,320 --> 00:25:19,520
Speaker 5: prices start to decline, particularly if they get it done

453
00:25:19,920 --> 00:25:21,640
Speaker 5: quickly and get it done plausibly.

454
00:25:21,800 --> 00:25:21,960
Speaker 1: Right.

455
00:25:22,080 --> 00:25:24,880
Speaker 5: It can't just be, you know, something that where people

456
00:25:24,960 --> 00:25:27,200
Speaker 5: think it is, you know, we got a couple of

457
00:25:27,240 --> 00:25:30,919
Speaker 5: tankers through. It has to be that this twenty percent

458
00:25:31,000 --> 00:25:34,440
Speaker 5: of the world's oil supply that comes through there that

459
00:25:34,560 --> 00:25:38,159
Speaker 5: we expected to remain open for the foreseeable future.

460
00:25:38,320 --> 00:25:41,920
Speaker 1: Yeah, now, John Carney, whenever the price drops dramatically, like

461
00:25:42,000 --> 00:25:44,560
Speaker 1: under the first year of President Trump, it doesn't seem

462
00:25:44,600 --> 00:25:46,920
Speaker 1: to drop in California or New York. Why is that?

463
00:25:48,600 --> 00:25:51,399
Speaker 5: Yeah, well, there's a there's a couple of reasons, and

464
00:25:51,520 --> 00:25:58,919
Speaker 5: they all rhyme with left wing politicists. The California has

465
00:25:58,960 --> 00:26:02,959
Speaker 5: a couple problems. One is that even though we produce

466
00:26:03,000 --> 00:26:05,880
Speaker 5: a lot of oil in the US, California doesn't really

467
00:26:05,920 --> 00:26:07,800
Speaker 5: have access to very much of it. It can get

468
00:26:07,840 --> 00:26:11,359
Speaker 5: California out of it, can get oil that's actually taken

469
00:26:11,400 --> 00:26:14,960
Speaker 5: out of the ground in California, but these giant Midwest

470
00:26:16,119 --> 00:26:20,560
Speaker 5: oil platforms we have, there's not a good pipeline to

471
00:26:20,680 --> 00:26:25,440
Speaker 5: get the oil across the whole country. That's a huge problem.

472
00:26:26,119 --> 00:26:31,480
Speaker 5: California and New York have enormous gasoline taxes. Right now,

473
00:26:31,600 --> 00:26:36,720
Speaker 5: the national average price for gasoline is something like three

474
00:26:36,840 --> 00:26:39,720
Speaker 5: dollars in eighty eight, that's called three dollars and ninety cents.

475
00:26:40,200 --> 00:26:43,480
Speaker 5: In California, it's well above five dollars that it's approaching

476
00:26:43,560 --> 00:26:47,280
Speaker 5: six dollars. So California is paying far more for gas.

477
00:26:47,720 --> 00:26:51,439
Speaker 5: But it's not because gas you know, gas stations are

478
00:26:51,520 --> 00:26:55,719
Speaker 5: greedier in California, or oil companies hate California. It's because

479
00:26:56,119 --> 00:26:59,440
Speaker 5: the climate change activists won't let us build a pipeline

480
00:26:59,440 --> 00:27:03,480
Speaker 5: to California, and California insists on taxing it. They like

481
00:27:03,680 --> 00:27:06,680
Speaker 5: expensive oil because they want to force people to give

482
00:27:06,760 --> 00:27:09,840
Speaker 5: up their internal combustion engines by making it too expensive.

483
00:27:10,240 --> 00:27:12,840
Speaker 5: So this is not an accident. It's not even an

484
00:27:12,960 --> 00:27:16,399
Speaker 5: unintended consequence of their policies. This is what they were

485
00:27:16,440 --> 00:27:19,440
Speaker 5: aiming for us to have, gastly more expensive Interesting.

486
00:27:19,840 --> 00:27:23,200
Speaker 1: Hey, we're talking John Carney, Breitbart Business Digest. Make sure

487
00:27:23,200 --> 00:27:28,280
Speaker 1: you subscribe to it. FED Chairman Jerome Powell, what the

488
00:27:28,400 --> 00:27:30,399
Speaker 1: hell is he talking about? Now when his term is up,

489
00:27:30,440 --> 00:27:34,480
Speaker 1: he may become the pro temp chairman. What is he

490
00:27:34,640 --> 00:27:36,560
Speaker 1: talking about? There's no such role, is there?

491
00:27:37,840 --> 00:27:43,120
Speaker 5: No, there's not. So what Palis said was that if

492
00:27:43,560 --> 00:27:46,960
Speaker 5: his successor, Kevin Warrish, who has been nominated by President Trump,

493
00:27:47,320 --> 00:27:50,320
Speaker 5: is not confirmed by May fifteenth, that he will stay

494
00:27:50,440 --> 00:27:54,440
Speaker 5: honest chairman. That's not allowed under the law. Now, there

495
00:27:54,560 --> 00:27:58,679
Speaker 5: have been times where the Senate didn't confirm the next chairman,

496
00:27:59,240 --> 00:28:01,440
Speaker 5: but it was the same chairman. So, in other words,

497
00:28:01,960 --> 00:28:06,560
Speaker 5: back when Powell got renominated during Biden's term for a

498
00:28:06,720 --> 00:28:09,600
Speaker 5: second term as chairman, there is a gap where the

499
00:28:09,680 --> 00:28:12,560
Speaker 5: Senate hadn't yet gotten around and confirming him to that role,

500
00:28:12,800 --> 00:28:14,960
Speaker 5: and he was allowed to stay in that role, but

501
00:28:15,080 --> 00:28:17,800
Speaker 5: that was because the President had already nominated him to

502
00:28:17,880 --> 00:28:21,359
Speaker 5: the position. That happened with Ellen Greenspan as well. There's

503
00:28:21,520 --> 00:28:25,600
Speaker 5: no president for a former chairman holding on to the

504
00:28:25,760 --> 00:28:29,520
Speaker 5: role because the next chairman hasn't been nominated. What the

505
00:28:29,720 --> 00:28:32,320
Speaker 5: best legal analysis we have of this, which goes back

506
00:28:32,359 --> 00:28:36,680
Speaker 5: to the Carter Whitehouse, says the President that will select

507
00:28:36,800 --> 00:28:39,160
Speaker 5: one of the sitting chairmen. Now he could be he

508
00:28:39,200 --> 00:28:41,520
Speaker 5: could select Powell, but I don't think Trump's going to

509
00:28:41,560 --> 00:28:45,960
Speaker 5: select Palce to be then temporary chairman. But he gets

510
00:28:46,000 --> 00:28:49,080
Speaker 5: to select one of the sitting governors to serve as chairman.

511
00:28:49,520 --> 00:28:51,600
Speaker 5: The Senate doesn't get to say, and that the FED

512
00:28:51,760 --> 00:28:54,520
Speaker 5: board doesn't get to say, and that certainly the FED.

513
00:28:54,680 --> 00:28:57,840
Speaker 5: The current FED chairman, whose term is expiring, doesn't get

514
00:28:57,880 --> 00:29:01,680
Speaker 5: to claim the power to do this unilaterally. He didn't

515
00:29:01,720 --> 00:29:03,520
Speaker 5: even have a vote, by the way, from the other

516
00:29:03,640 --> 00:29:06,160
Speaker 5: FED members to say I have this power. He is

517
00:29:06,720 --> 00:29:11,200
Speaker 5: unilaterally grabbing it. Frankly, if he continues to say this,

518
00:29:12,200 --> 00:29:14,080
Speaker 5: it could I don't think Trump will do this, but

519
00:29:14,160 --> 00:29:17,480
Speaker 5: it could become grounds to remove him, likely because he

520
00:29:17,720 --> 00:29:21,520
Speaker 5: is claiming a legal power he does not have. I

521
00:29:21,560 --> 00:29:22,920
Speaker 5: don't think Trump will do that, and it would be

522
00:29:22,960 --> 00:29:26,320
Speaker 5: a bigger hassle. What Trump should do is just announced.

523
00:29:26,320 --> 00:29:30,480
Speaker 5: If worsh isn't confirmed, is going to make Steven Myron,

524
00:29:30,800 --> 00:29:36,240
Speaker 5: Christopher Waller or Michelle Bowman the FED chairman until Warsh's

525
00:29:36,320 --> 00:29:37,440
Speaker 5: confirmation comes around.

526
00:29:37,680 --> 00:29:41,040
Speaker 1: I like that. Well, John Carney brilliant as always. Everybody

527
00:29:41,080 --> 00:29:44,880
Speaker 1: should subscribe to Breitbart Business Digest. All the top minds

528
00:29:44,920 --> 00:29:47,560
Speaker 1: in America read it every day. And what the best

529
00:29:47,560 --> 00:29:48,960
Speaker 1: way is go to Breitbart right, just.

530
00:29:49,000 --> 00:29:53,160
Speaker 5: Sign up, Yeah, Breitbart dot com slash Newsletters. There's a

531
00:29:53,200 --> 00:29:56,360
Speaker 5: whole bunch sign up for Brightbart Business Digests. It's free,

532
00:29:56,440 --> 00:29:59,239
Speaker 5: it comes to your mailbox, and here's you actually get

533
00:29:59,320 --> 00:30:01,920
Speaker 5: it a couple hours earlier before it goes up on

534
00:30:02,040 --> 00:30:05,800
Speaker 5: the site at Breitbart dot com Slash Economy you can do.

535
00:30:06,520 --> 00:30:10,080
Speaker 5: The subscribers get it about an hour and a half

536
00:30:10,240 --> 00:30:12,440
Speaker 5: earlier than everybody else. So it's worth subscribing to.

537
00:30:12,680 --> 00:30:14,760
Speaker 1: I'm telling you all the top economists read it. First

538
00:30:14,800 --> 00:30:17,920
Speaker 1: thing you read every day, bright Bart Business Digest, Breitbart

539
00:30:18,000 --> 00:30:20,320
Speaker 1: dot Com Slash Newsletters. You sign up for anything you

540
00:30:20,360 --> 00:30:21,840
Speaker 1: want there, but make sure you sign up for the

541
00:30:22,440 --> 00:30:25,600
Speaker 1: bright Bart Business Digest. John Carney great as always, thanks

542
00:30:25,640 --> 00:30:30,040
Speaker 1: for being with us, Thanks for having me. Mark, take care. Hey,

543
00:30:30,080 --> 00:30:34,640
Speaker 1: coming up, Buck and Clay noon today, twelve, noon to three.

544
00:30:34,800 --> 00:30:36,720
Speaker 1: Buck and Clay every day. Get Bucks new book too,

545
00:30:36,800 --> 00:30:39,400
Speaker 1: It's excellent. You just go to Amazon and get it

546
00:30:39,480 --> 00:30:41,760
Speaker 1: there and then you got you got the most listened

547
00:30:41,760 --> 00:30:44,800
Speaker 1: to radio show in America. Sean Henry at three, Jesse

548
00:30:44,960 --> 00:30:47,600
Speaker 1: Kelly at six, and Jimmy fail a great show, very

549
00:30:47,680 --> 00:30:50,800
Speaker 1: funny every night at nine. It's right here on seven

550
00:30:50,800 --> 00:30:55,280
Speaker 1: to ten. Woir so Mark Simone show on seven ten

551
00:30:55,680 --> 00:31:01,640
Speaker 1: wor Well, Hey, it's Friday, that's the good news. Today

552
00:31:01,720 --> 00:31:05,440
Speaker 1: is the first day of spring. Oh, actually just happened

553
00:31:05,480 --> 00:31:09,040
Speaker 1: to ten forty six, so we're twelve minutes into spring.

554
00:31:09,200 --> 00:31:12,680
Speaker 1: Right now. It's spring. We're not in winter anymore. It's

555
00:31:12,760 --> 00:31:16,440
Speaker 1: officially springtime. Now. Remember we had three or four years

556
00:31:16,480 --> 00:31:19,360
Speaker 1: of great winters with hardly any snow. Ah, maybe a

557
00:31:19,520 --> 00:31:21,400
Speaker 1: drop here and there. But remember we had a couple

558
00:31:21,440 --> 00:31:23,800
Speaker 1: of winters no snow, and we got used to that,

559
00:31:23,920 --> 00:31:28,880
Speaker 1: and then this past winter was brutal. Well, actually it

560
00:31:28,960 --> 00:31:31,440
Speaker 1: was probably kind of normal on the long range scale,

561
00:31:31,520 --> 00:31:35,920
Speaker 1: but we got spoiled, so it was brutal. And remember

562
00:31:36,000 --> 00:31:39,520
Speaker 1: these blizzards. It was always on a Sunday, always on

563
00:31:39,600 --> 00:31:43,479
Speaker 1: a Sunday. The blizzard would start Sunday afternoon go all

564
00:31:43,600 --> 00:31:46,200
Speaker 1: day long. Monday was a nightmare trying to get any place.

565
00:31:46,800 --> 00:31:51,840
Speaker 1: And it's great for the supermarket business. They love a

566
00:31:51,880 --> 00:31:54,440
Speaker 1: blizzard because everybody comes in and buys up everything in

567
00:31:54,520 --> 00:31:57,680
Speaker 1: the whole store. And you remember, it was always on

568
00:31:57,760 --> 00:32:00,480
Speaker 1: a Sunday, so there were a lot of Saturdays where

569
00:32:00,480 --> 00:32:02,560
Speaker 1: if you try to pull into the supermarket or into

570
00:32:02,600 --> 00:32:05,080
Speaker 1: the mall where it is, or the shopping center where

571
00:32:05,120 --> 00:32:07,360
Speaker 1: it is, you couldn't get near it. Cars backed up

572
00:32:07,400 --> 00:32:09,920
Speaker 1: for a half a mile out of the Well, it's over,

573
00:32:10,240 --> 00:32:12,520
Speaker 1: it's over. I just looked at the long range forecast.

574
00:32:13,160 --> 00:32:17,120
Speaker 1: Fifties through the weekend. Sixty on Sunday. Looks like pretty

575
00:32:17,120 --> 00:32:20,120
Speaker 1: close to the fifties all next week. And then that's it.

576
00:32:20,480 --> 00:32:24,320
Speaker 1: It's practically April. It's almost easter. You got through it.

577
00:32:24,440 --> 00:32:27,720
Speaker 1: The winter is over. It is now officially spring. Two

578
00:32:27,800 --> 00:32:30,680
Speaker 1: thousand and twenty six. Hey, coming up in the next hour.

579
00:32:30,720 --> 00:32:33,760
Speaker 1: We got a lot to get to. We'll get to

580
00:32:34,240 --> 00:32:37,239
Speaker 1: the Save Act and more. Don't go away back right

581
00:32:37,280 --> 00:32:40,280
Speaker 1: after the news. Mark Simone here on seven to ten

582
00:32:40,680 --> 00:32:41,760
Speaker 1: wor