1 00:00:00,080 --> 00:00:02,360 Speaker 1: Good afternoon, getting right down to business here. We're doing 2 00:00:02,400 --> 00:00:05,800 Speaker 1: it live, doing more at four weekday afternoons. Motech on 3 00:00:05,880 --> 00:00:08,840 Speaker 1: Money Live on the AIRN seven ninety KBC streaming live 4 00:00:08,880 --> 00:00:12,040 Speaker 1: online worldwide at KBC dot com and the on demand 5 00:00:12,080 --> 00:00:16,840 Speaker 1: Motech of Money podcasts KBC dot Com, Apple, iTunes, Spotify, YouTube, 6 00:00:16,880 --> 00:00:20,800 Speaker 1: all of your favorite podcast platforms. Socks moving lower again today, 7 00:00:20,880 --> 00:00:24,040 Speaker 1: so did gold and silver, while oil edge higher. Gas 8 00:00:24,079 --> 00:00:26,880 Speaker 1: price is higher too, the stock market closing below a 9 00:00:26,960 --> 00:00:30,760 Speaker 1: key technical level today as rising oil prices saw back 10 00:00:30,800 --> 00:00:34,280 Speaker 1: to back losses on Wall Street. Despite attempts by Washington 11 00:00:34,320 --> 00:00:37,600 Speaker 1: to calm fears about what's happening with the Iran war. 12 00:00:37,720 --> 00:00:39,640 Speaker 1: The now coming in for a closing loss of two 13 00:00:39,720 --> 00:00:43,040 Speaker 1: hundred four points today, S and P five hundred down eighteen, 14 00:00:43,159 --> 00:00:46,040 Speaker 1: the Nasdaq down sixty two points, the yield and the 15 00:00:46,080 --> 00:00:48,960 Speaker 1: tenure note at four point twenty five percent. We saw 16 00:00:49,000 --> 00:00:52,760 Speaker 1: the volatility index pull back four percent today. Big moves 17 00:00:52,760 --> 00:00:55,280 Speaker 1: on the downside for both gold and silver. Looks like 18 00:00:56,000 --> 00:00:59,800 Speaker 1: gold was down about seven percent, silver down fourteen percent. 19 00:01:00,400 --> 00:01:02,880 Speaker 1: Gold right now hovering it around forty six hundred and 20 00:01:02,920 --> 00:01:06,120 Speaker 1: sixty one, and Chaine sober got as low as sixty 21 00:01:06,160 --> 00:01:12,480 Speaker 1: six fifty right now hovering it around seventy two and change. 22 00:01:12,600 --> 00:01:15,640 Speaker 1: Action in the bond market also getting attention today, having 23 00:01:15,840 --> 00:01:19,560 Speaker 1: some investors drawing comparisons to what happened in the run 24 00:01:19,640 --> 00:01:22,280 Speaker 1: up to the two thousand and eight financial crisis. We'll 25 00:01:22,280 --> 00:01:25,680 Speaker 1: be talking more about that rising oil prices, the result 26 00:01:25,760 --> 00:01:28,040 Speaker 1: of the US is really war against Iran, raising the 27 00:01:28,120 --> 00:01:31,120 Speaker 1: risk of stagflation and the prospect of a twenty twenty 28 00:01:31,160 --> 00:01:34,280 Speaker 1: six interest rate hike by the Federal Reserve that's being 29 00:01:34,319 --> 00:01:37,840 Speaker 1: talked about, and also impacting the bond market. We did 30 00:01:37,880 --> 00:01:41,080 Speaker 1: see the rent crewed number, that's the global oil of 31 00:01:41,160 --> 00:01:44,120 Speaker 1: benchmark based in London, briefly blowing past one hundred and 32 00:01:44,160 --> 00:01:47,320 Speaker 1: nineteen dollars a barrel today as a tax escalated. An 33 00:01:47,319 --> 00:01:50,720 Speaker 1: oil and gas infrastructure in the Persian Gulf looks like 34 00:01:50,800 --> 00:01:53,360 Speaker 1: oil in New York at the moment, hovering it around 35 00:01:53,560 --> 00:01:55,600 Speaker 1: ninety four and change. We'll get an update on the 36 00:01:55,640 --> 00:01:57,280 Speaker 1: latest news in the Middle East, with an eye on 37 00:01:57,320 --> 00:02:00,240 Speaker 1: the ongoing economic impact on all this with Middle Lease. 38 00:02:00,280 --> 00:02:04,080 Speaker 1: Thanksport Van Revive, former Network News correspondent, also expert and 39 00:02:04,120 --> 00:02:06,800 Speaker 1: author of books on the Israeli intelligence service, including his 40 00:02:06,920 --> 00:02:10,079 Speaker 1: latest target Iron. He's also co host of the Mossad 41 00:02:10,240 --> 00:02:13,799 Speaker 1: Files podcast Down Revieve. We'll be joining me live later 42 00:02:13,880 --> 00:02:20,360 Speaker 1: this hour. Silver out running gold Bullion's plunge today losing 43 00:02:20,360 --> 00:02:23,080 Speaker 1: eleven percent, and we're keeping a close eye on the 44 00:02:23,280 --> 00:02:26,360 Speaker 1: precious metals here. Tomorrow will be interesting. Tomorrow will be 45 00:02:26,400 --> 00:02:28,680 Speaker 1: the first day of spring. It's also the first triple 46 00:02:28,720 --> 00:02:32,680 Speaker 1: witching options expiration date, during which has already been a 47 00:02:32,840 --> 00:02:35,560 Speaker 1: busy year for markets. Investors bracing for what could be 48 00:02:35,960 --> 00:02:40,520 Speaker 1: a wild trading day tomorrow. Meanwhile, Washington is pulled back 49 00:02:40,600 --> 00:02:43,880 Speaker 1: on electric vehicle mandates and a missions enforcement. California is 50 00:02:43,919 --> 00:02:47,560 Speaker 1: moving the opposite direction. Now the nation's largest automakers are 51 00:02:47,560 --> 00:02:51,720 Speaker 1: paying close attention. We did recently hear from executives of 52 00:02:51,760 --> 00:02:54,799 Speaker 1: the big three automakers sitting down with regulators from the 53 00:02:54,840 --> 00:02:58,440 Speaker 1: California Air Resources Board. California is signaling it has no 54 00:02:58,480 --> 00:03:02,880 Speaker 1: intention of slowing its pursuit of euro emission transportation. What's 55 00:03:02,919 --> 00:03:05,440 Speaker 1: going on with evs nowadays? Now the gas prices are 56 00:03:05,520 --> 00:03:07,760 Speaker 1: up about a dollar just from a month ago. We'll 57 00:03:07,760 --> 00:03:09,720 Speaker 1: get an update on that and more from Lauren Fix, 58 00:03:09,800 --> 00:03:12,880 Speaker 1: co host of The Drive Card Show, syndicated radio show 59 00:03:12,919 --> 00:03:15,440 Speaker 1: and founder of car Coach Reports will be joining us 60 00:03:15,480 --> 00:03:19,040 Speaker 1: live later this hour, but first on your money, the markets, 61 00:03:19,080 --> 00:03:21,200 Speaker 1: the economy, and the whole works. Now joining us live 62 00:03:21,280 --> 00:03:25,200 Speaker 1: veteran market strategist Paul Dietrich, chief investment strategist at web 63 00:03:25,200 --> 00:03:28,839 Speaker 1: Bush Securities, headquartered right here in southern California. Paul, thank 64 00:03:28,840 --> 00:03:31,239 Speaker 1: you very much for taking the call here this afternoon. 65 00:03:32,320 --> 00:03:33,240 Speaker 2: Thank you, Frek. 66 00:03:33,560 --> 00:03:36,480 Speaker 1: It's been in a while since we've chatted behind live microphones. 67 00:03:36,560 --> 00:03:38,560 Speaker 1: A lot of moving parts and a lot of development 68 00:03:38,640 --> 00:03:41,560 Speaker 1: since we last spoke, with the price of oil obviously 69 00:03:41,680 --> 00:03:44,520 Speaker 1: very much in focus, and now moves in the bond 70 00:03:44,560 --> 00:03:48,200 Speaker 1: market getting attention, and the Fed announcement yesterday. Give us 71 00:03:48,240 --> 00:03:49,600 Speaker 1: your assessment of things here at the moment. 72 00:03:51,160 --> 00:03:57,320 Speaker 2: Well, if you look at all the risks that are 73 00:03:57,360 --> 00:04:03,280 Speaker 2: in the world right now, not just the war and around, 74 00:04:03,360 --> 00:04:09,720 Speaker 2: but the disruption of the supply chains because of the war, 75 00:04:11,280 --> 00:04:21,320 Speaker 2: the geopolitical issues everywhere, and the labor you know, labor 76 00:04:21,400 --> 00:04:26,440 Speaker 2: jobs market seems to be going down in the United States. 77 00:04:27,000 --> 00:04:29,680 Speaker 2: You look at all the risk and boy, we haven't 78 00:04:29,839 --> 00:04:33,840 Speaker 2: seen this many of them in a long time, and 79 00:04:33,880 --> 00:04:38,320 Speaker 2: they are all putting pressure on the overall economy. 80 00:04:39,720 --> 00:04:43,640 Speaker 1: All right, talk about stagflation, even recession maybe in the 81 00:04:43,680 --> 00:04:47,600 Speaker 1: cards here. How have all these recent developments impacted your 82 00:04:47,640 --> 00:04:51,200 Speaker 1: outlook on the market and the economy well? 83 00:04:51,520 --> 00:04:59,080 Speaker 2: With in talking about a recession, we have seen since 84 00:04:59,160 --> 00:05:07,719 Speaker 2: World War Two, oil spikes have come right before almost 85 00:05:07,839 --> 00:05:13,320 Speaker 2: every major recession, and every time there's been a major 86 00:05:13,400 --> 00:05:19,480 Speaker 2: oil spike, we've had a recession. But there are two 87 00:05:19,560 --> 00:05:24,120 Speaker 2: criteria that you have to understand. Is that one the 88 00:05:24,160 --> 00:05:31,000 Speaker 2: oil prices, and we use Brent crewde the European Brent prices, 89 00:05:31,240 --> 00:05:36,159 Speaker 2: not the West Texas intermediate. But when Brent crewe goes 90 00:05:36,279 --> 00:05:42,440 Speaker 2: up fifty higher than it was before the oil crisis 91 00:05:43,640 --> 00:05:48,600 Speaker 2: and it lasts for two and a half months, there's 92 00:05:48,640 --> 00:05:53,240 Speaker 2: always been a recession. And people are at least the 93 00:05:53,320 --> 00:05:59,600 Speaker 2: analysts that I'm talking to other analysts in the oil markets, 94 00:05:59,720 --> 00:06:02,640 Speaker 2: it looks like even if the war were to be 95 00:06:02,800 --> 00:06:07,680 Speaker 2: over tomorrow, which it's not going to be, we could 96 00:06:08,000 --> 00:06:12,240 Speaker 2: see high oil prices for months, partially because of all 97 00:06:12,279 --> 00:06:17,400 Speaker 2: the infrastructure ruin in the Middle East. You know, they 98 00:06:18,080 --> 00:06:25,520 Speaker 2: run hit big Saudi oil facilities, they hit natural gas 99 00:06:25,560 --> 00:06:30,400 Speaker 2: facilities today, but these are going to take years to 100 00:06:30,560 --> 00:06:34,839 Speaker 2: repair and it's not going to be easy to get 101 00:06:34,880 --> 00:06:39,880 Speaker 2: back up to you know, the amount of crew that 102 00:06:40,000 --> 00:06:43,440 Speaker 2: was coming out of the Middle East before this war, 103 00:06:44,000 --> 00:06:48,920 Speaker 2: and so I think there's a fifty to fifty chance. 104 00:06:49,120 --> 00:06:52,880 Speaker 2: And we'll just have to see. We're now a month 105 00:06:52,960 --> 00:06:56,640 Speaker 2: into this war almost and if we go two and 106 00:06:56,720 --> 00:07:01,720 Speaker 2: a half months and the prices stay high, we probably, 107 00:07:02,000 --> 00:07:05,080 Speaker 2: if history is any guide, will have a recession. 108 00:07:05,960 --> 00:07:07,960 Speaker 1: See it tonight, read about it tomorrow, But here right 109 00:07:08,000 --> 00:07:09,880 Speaker 1: now in Motech on Money, Live on the air with 110 00:07:09,960 --> 00:07:14,680 Speaker 1: veteran market strategist Paul Dietrich, Chief Investment Strategies web Bush Securities. 111 00:07:15,240 --> 00:07:17,920 Speaker 1: Even under the best set of circumstances, as we've seen 112 00:07:17,960 --> 00:07:20,600 Speaker 1: in the past, oil goes up like a rocket and 113 00:07:20,640 --> 00:07:22,800 Speaker 1: when it does come down, it comes down like a feather. 114 00:07:22,920 --> 00:07:28,600 Speaker 1: Same thing with gas prices. Obviously businesses and consumers being 115 00:07:28,640 --> 00:07:32,480 Speaker 1: impacted by all of this. But from an investment standpoint, 116 00:07:32,800 --> 00:07:36,720 Speaker 1: Paul Dietrich, what about the oil names here and what's 117 00:07:36,840 --> 00:07:37,600 Speaker 1: getting your attention? 118 00:07:38,880 --> 00:07:41,800 Speaker 2: Well, you know, I really think that you know, most 119 00:07:41,800 --> 00:07:48,800 Speaker 2: people are focused on gas prices, but investors, real investors, 120 00:07:48,800 --> 00:07:54,280 Speaker 2: should be watching diesel prices. Diesel is the fuel of 121 00:07:54,360 --> 00:07:59,560 Speaker 2: the real economy. It's what moves trucks and airplanes and trains, 122 00:07:59,640 --> 00:08:04,880 Speaker 2: and arm equipment and delivery fleets, construction machines, and much 123 00:08:04,880 --> 00:08:09,800 Speaker 2: of the freight system that gets food, clothing, building materials, 124 00:08:09,840 --> 00:08:14,920 Speaker 2: and household goods to the stores. And that is what 125 00:08:15,200 --> 00:08:22,440 Speaker 2: really I think is affecting consumers the most. And you're 126 00:08:22,480 --> 00:08:28,120 Speaker 2: seeing diesel prices going through the roof. You're seeing, you know, 127 00:08:28,520 --> 00:08:33,600 Speaker 2: Iran hit the natural gas facilities in Qatar today and 128 00:08:33,640 --> 00:08:39,240 Speaker 2: destroyed seventeen percent of the facilities, maybe twenty percent they're saying, 129 00:08:39,640 --> 00:08:42,560 Speaker 2: they're saying it'll take three to five years for them 130 00:08:42,600 --> 00:08:45,960 Speaker 2: to rebuild that facility to get it back to where 131 00:08:45,960 --> 00:08:50,440 Speaker 2: it was, you know, a week ago. And we also 132 00:08:51,520 --> 00:08:56,960 Speaker 2: people don't realize that out of natural gas, that helium 133 00:08:57,200 --> 00:09:02,160 Speaker 2: and bromine are two of the key components. They they're 134 00:09:02,200 --> 00:09:07,120 Speaker 2: in short they were in short supply before this war started. 135 00:09:07,559 --> 00:09:10,880 Speaker 2: But you can't make an Nvidia chip, you can't make 136 00:09:11,360 --> 00:09:16,200 Speaker 2: an Intel chip, you can't make any chips without those 137 00:09:16,240 --> 00:09:21,320 Speaker 2: two key ingredients ingredients. And since most of them go 138 00:09:21,400 --> 00:09:26,960 Speaker 2: into Taiwan and where the chips are actually made, Taiwan Semiconductor, 139 00:09:28,440 --> 00:09:32,560 Speaker 2: we're looking at real shortages that just may stop chip production, 140 00:09:33,040 --> 00:09:36,959 Speaker 2: and that would be a disaster totally for the Magnificent 141 00:09:37,120 --> 00:09:43,280 Speaker 2: seven stocks, it would just be terrible. And also out 142 00:09:43,320 --> 00:09:47,160 Speaker 2: of those natural gas, fertilizer comes out of that, and 143 00:09:47,960 --> 00:09:52,880 Speaker 2: fertilizer was in short supply. Part of it is because 144 00:09:53,000 --> 00:09:57,320 Speaker 2: Canada was diversifying their shipping to other countries because of 145 00:09:57,320 --> 00:10:01,360 Speaker 2: the tariffs, but still we there's a lot of Middle 146 00:10:01,400 --> 00:10:06,359 Speaker 2: Eastern fertilizer and farmers are about ready to start planting 147 00:10:07,640 --> 00:10:13,719 Speaker 2: very very soon, and if they don't have the fertilizer, 148 00:10:13,960 --> 00:10:17,040 Speaker 2: we may not see the crops. And not only that, 149 00:10:17,400 --> 00:10:20,320 Speaker 2: it's going to be far more expensive, which means the 150 00:10:20,360 --> 00:10:23,920 Speaker 2: food on the shelf this summer and there's always a 151 00:10:24,000 --> 00:10:28,880 Speaker 2: lag to this this summer and fall is going to 152 00:10:28,920 --> 00:10:29,520 Speaker 2: shoot up. 153 00:10:30,520 --> 00:10:32,319 Speaker 1: Sounds like we're all going to be in deep fertilizer 154 00:10:32,360 --> 00:10:34,680 Speaker 1: here based on what you just said. We're on the 155 00:10:34,679 --> 00:10:38,520 Speaker 1: air live with Paul Didrich at webbush. Now, what about 156 00:10:38,520 --> 00:10:41,520 Speaker 1: gold and silver. The spike of the price of oil 157 00:10:41,520 --> 00:10:44,120 Speaker 1: has also been cited as a reason why we're seeing 158 00:10:44,480 --> 00:10:47,559 Speaker 1: silver and gold pulled back, and also the Fed the 159 00:10:47,640 --> 00:10:51,320 Speaker 1: announcement yesterday holding line on short term rates and the 160 00:10:51,360 --> 00:10:55,520 Speaker 1: signals we got yesterday also impacting the precious metals looks 161 00:10:55,559 --> 00:10:58,280 Speaker 1: like gold got down the one around the forty five 162 00:10:59,400 --> 00:11:02,880 Speaker 1: or so right now it's forty twenty four. Yeah, yep, 163 00:11:02,960 --> 00:11:05,800 Speaker 1: and now silver got as low as sixty six fifty 164 00:11:05,880 --> 00:11:08,240 Speaker 1: back to round seventy two here at the moment. Give 165 00:11:08,280 --> 00:11:10,880 Speaker 1: us your reaction to that big part of the story today. 166 00:11:11,559 --> 00:11:15,600 Speaker 2: Well, I think people have to understand two things. Is 167 00:11:15,640 --> 00:11:19,320 Speaker 2: that about a month or so ago, gold and silver 168 00:11:19,600 --> 00:11:24,640 Speaker 2: just shot up, and there there is a part of 169 00:11:24,679 --> 00:11:30,400 Speaker 2: this profit taking. But the other thing that people need 170 00:11:30,440 --> 00:11:34,760 Speaker 2: to understand is is that gold and silver are priced 171 00:11:34,880 --> 00:11:42,319 Speaker 2: in US dollars, and over the last six months, up 172 00:11:42,440 --> 00:11:45,800 Speaker 2: until a week or so, up until the war started 173 00:11:45,840 --> 00:11:50,720 Speaker 2: in Iran, the dollar had dropped by about ten percent, 174 00:11:51,320 --> 00:11:54,480 Speaker 2: and that was one of the reasons why gold shot up. 175 00:11:54,640 --> 00:11:58,160 Speaker 2: It wasn't that gold was actually going up, it was 176 00:11:58,280 --> 00:12:03,240 Speaker 2: the dollar was going down. And so if the dollar 177 00:12:03,360 --> 00:12:07,360 Speaker 2: went down ten percent, obviously gold went up ten percent 178 00:12:07,559 --> 00:12:11,800 Speaker 2: because it's a real asset and not a fiat currency. 179 00:12:12,520 --> 00:12:16,880 Speaker 2: And the same was going on with silver. What's happened 180 00:12:16,960 --> 00:12:21,200 Speaker 2: since the war is the dollar has now really bounced back, 181 00:12:21,320 --> 00:12:25,000 Speaker 2: and it's it's bounced back more than ten percent. And 182 00:12:25,080 --> 00:12:29,760 Speaker 2: so again people have to understand the gold and silver 183 00:12:29,960 --> 00:12:33,360 Speaker 2: may be you know, staying the same, but because the 184 00:12:33,520 --> 00:12:37,679 Speaker 2: dollar has gotten stronger, that would mean that gold and 185 00:12:37,720 --> 00:12:44,240 Speaker 2: silver was going down. And it's just about where the 186 00:12:44,360 --> 00:12:48,280 Speaker 2: dollar has moved is where gold has gone. And so 187 00:12:48,400 --> 00:12:51,320 Speaker 2: I wouldn't you know, as an investor, you've got to 188 00:12:51,320 --> 00:12:56,400 Speaker 2: be very very careful. Gold may not be going down 189 00:12:56,640 --> 00:12:59,960 Speaker 2: other than the people who are you know, taking profit. 190 00:13:00,080 --> 00:13:05,520 Speaker 2: It's it's that the dollar is changing radically from going 191 00:13:05,920 --> 00:13:09,480 Speaker 2: minus ten percent that they're you know, more than ten 192 00:13:09,520 --> 00:13:10,720 Speaker 2: percent back up again. 193 00:13:11,360 --> 00:13:13,960 Speaker 1: All right, From an investment standpoint, then what are you 194 00:13:14,000 --> 00:13:16,080 Speaker 1: doing with gold and silver at this point? 195 00:13:16,720 --> 00:13:19,439 Speaker 2: I'm keeping it in all of my portfolios. Most of 196 00:13:19,480 --> 00:13:25,160 Speaker 2: my portfolios have thirty percent gold because you know, we 197 00:13:25,320 --> 00:13:29,760 Speaker 2: found out this week also that you know, we hit 198 00:13:29,800 --> 00:13:36,120 Speaker 2: the thirty nine trillion dollars in US deficit spending with 199 00:13:36,280 --> 00:13:39,240 Speaker 2: this war and the money that they're going to have 200 00:13:39,280 --> 00:13:42,240 Speaker 2: to be going back to Congress for and then to 201 00:13:42,320 --> 00:13:46,960 Speaker 2: rebuild our stockpiles of defense stockpiles. Afterwards, we're going to 202 00:13:47,000 --> 00:13:51,880 Speaker 2: be running massive deficits this year, and other countries are 203 00:13:51,880 --> 00:13:57,160 Speaker 2: also printing money. And so you know, I believe you 204 00:13:57,280 --> 00:14:05,520 Speaker 2: need real assets and real ass that's are you know, gold, silver, mint, copper, 205 00:14:05,880 --> 00:14:11,240 Speaker 2: things like that, and uh. And I so I have 206 00:14:11,400 --> 00:14:15,120 Speaker 2: some in bonds, and I have treasuries because the US 207 00:14:15,160 --> 00:14:20,360 Speaker 2: dollar is now strengthening, and cash. But gold is a 208 00:14:20,440 --> 00:14:23,680 Speaker 2: key holding in all of my portfolios. Again, I don't 209 00:14:23,680 --> 00:14:26,560 Speaker 2: look at gold as a great investment, but I do 210 00:14:26,640 --> 00:14:29,720 Speaker 2: look at it as an insurance policy and when everything 211 00:14:29,840 --> 00:14:34,240 Speaker 2: is hitting the fan, gold usually does its job. 212 00:14:35,040 --> 00:14:37,680 Speaker 1: All right. I didn't hear you mentioned crypto or bitcoin 213 00:14:37,960 --> 00:14:41,080 Speaker 1: from our past conversations. I know that you're not a fan. 214 00:14:41,760 --> 00:14:44,440 Speaker 1: What about what about crypto? Have you come around at 215 00:14:44,480 --> 00:14:45,360 Speaker 1: all on cryptos? 216 00:14:45,960 --> 00:14:46,000 Speaker 3: No? 217 00:14:46,480 --> 00:14:52,680 Speaker 2: No, I mean crypto if we do have a recession, 218 00:14:52,720 --> 00:14:54,800 Speaker 2: and we will have one at some point, I just 219 00:14:54,840 --> 00:14:57,680 Speaker 2: don't know when. But if we do have a recession, 220 00:14:58,240 --> 00:15:03,280 Speaker 2: we're going to see h crypto as I think going 221 00:15:03,440 --> 00:15:08,600 Speaker 2: down to nothing. It's uh, there's nothing there, there's nothing 222 00:15:08,760 --> 00:15:14,360 Speaker 2: backing it, and you know, I just think it's a 223 00:15:14,400 --> 00:15:17,560 Speaker 2: way for people to kind of gamble. 224 00:15:18,840 --> 00:15:22,520 Speaker 1: All right. Remember it was Michael Saylor with Strategy said 225 00:15:22,760 --> 00:15:25,560 Speaker 1: he thinks it's either going to a million or or zero. 226 00:15:25,800 --> 00:15:27,040 Speaker 1: Is that about the right range. 227 00:15:28,000 --> 00:15:30,800 Speaker 2: I think that's exactly the right range. It's it's the 228 00:15:31,320 --> 00:15:35,040 Speaker 2: it's you know, it's the kind of who's the fool 229 00:15:35,120 --> 00:15:40,920 Speaker 2: in this thing? And if if you buy something crypto 230 00:15:41,280 --> 00:15:43,240 Speaker 2: and you can sell it for more than you paid 231 00:15:43,240 --> 00:15:45,520 Speaker 2: for it, you know who the greater fool is in 232 00:15:45,560 --> 00:15:49,840 Speaker 2: the greater fool theory, and if if if you paid 233 00:15:49,920 --> 00:15:53,680 Speaker 2: more than what you're it's worth today, you also know 234 00:15:53,720 --> 00:15:54,960 Speaker 2: who the greater fool is. 235 00:15:55,680 --> 00:15:58,680 Speaker 1: Ironically, a bitcoin has done better than gold and silver 236 00:15:59,160 --> 00:16:01,600 Speaker 1: this week, so we'd speak to the biggest fans as 237 00:16:01,600 --> 00:16:04,800 Speaker 1: well as the harshest critics, so appreciate your weighing in 238 00:16:04,840 --> 00:16:07,160 Speaker 1: on that. At this point, Paul Ditrich, let me ask 239 00:16:07,160 --> 00:16:09,640 Speaker 1: you the big question here, any specific places where you 240 00:16:09,680 --> 00:16:12,200 Speaker 1: are putting money now and or taking it off the table. 241 00:16:13,840 --> 00:16:19,160 Speaker 2: Well, I think people need to be really defensive. I mean, 242 00:16:19,600 --> 00:16:24,520 Speaker 2: let's face it, nobody really knows when this war is 243 00:16:24,560 --> 00:16:29,160 Speaker 2: going to end, how it's going to end, and we're 244 00:16:29,240 --> 00:16:33,280 Speaker 2: not sure of what all the consequences are. But given 245 00:16:33,480 --> 00:16:38,360 Speaker 2: history and we have had some experience, most people would 246 00:16:38,400 --> 00:16:41,760 Speaker 2: say it doesn't look good, and so you need to 247 00:16:41,760 --> 00:16:47,440 Speaker 2: be defensive. You need to have gold. I'm playing energy 248 00:16:48,440 --> 00:16:53,840 Speaker 2: through utilities, and utilities have continued to do well through 249 00:16:54,000 --> 00:17:07,240 Speaker 2: like the utilities ETF and I also you know, gold, utilities, minerals, copper, 250 00:17:07,520 --> 00:17:13,600 Speaker 2: things like that, I think are our defensive investments. And 251 00:17:14,880 --> 00:17:18,360 Speaker 2: I think every investor should be just hunkering down and 252 00:17:18,400 --> 00:17:21,320 Speaker 2: waiting to see what happens. You just don't want to 253 00:17:21,400 --> 00:17:27,240 Speaker 2: risk your retirement savings. You know what's going on in 254 00:17:27,280 --> 00:17:31,600 Speaker 2: the world when nobody really knows, and including our government. 255 00:17:32,560 --> 00:17:35,440 Speaker 1: What about fertilizer, fertilizer or bitcoin? 256 00:17:36,720 --> 00:17:40,520 Speaker 2: No, not bitcoin, because bitcoin is a joke and it 257 00:17:40,600 --> 00:17:45,680 Speaker 2: has no value intrinsic value like gold or but fertilizer 258 00:17:45,800 --> 00:17:48,240 Speaker 2: is hard to invest in unless you're a farmer. 259 00:17:49,200 --> 00:17:51,280 Speaker 1: Well, Paul, thank you very much. We still have our 260 00:17:51,320 --> 00:17:53,520 Speaker 1: sense of humor no matter of what happens, and we 261 00:17:53,600 --> 00:17:56,119 Speaker 1: so appreciate you joining us here and look forward to 262 00:17:56,359 --> 00:17:59,639 Speaker 1: more conversations like this. Paul Dadrich, chief investment strategist, and 263 00:17:59,720 --> 00:18:02,199 Speaker 1: what Securities which happens to be headquartered right here in 264 00:18:02,200 --> 00:18:04,160 Speaker 1: the Los Angeles here, and we honor the memory of 265 00:18:04,160 --> 00:18:06,159 Speaker 1: a Ed web Busho was a frequent guest on the 266 00:18:06,200 --> 00:18:08,560 Speaker 1: show over the years. Thank you very very much for 267 00:18:08,640 --> 00:18:12,840 Speaker 1: joining us live here this afternoon. Thank you seven ninety KBC. 268 00:18:13,240 --> 00:18:15,400 Speaker 1: Another rough day for the stock market with the now 269 00:18:15,560 --> 00:18:18,080 Speaker 1: pulling back another two hundred four points today to forty 270 00:18:18,119 --> 00:18:21,119 Speaker 1: six twenty one. The S and P five hundred down 271 00:18:21,160 --> 00:18:24,800 Speaker 1: eighteen at sixty six O six, NASAC down sixty two 272 00:18:24,880 --> 00:18:27,359 Speaker 1: at twenty two thousand and ninety one, the yield and 273 00:18:27,400 --> 00:18:29,600 Speaker 1: the ten year notice back up to four point twenty 274 00:18:29,640 --> 00:18:32,200 Speaker 1: five percent. That's the one that impacts the fixed rate 275 00:18:32,200 --> 00:18:35,760 Speaker 1: mortgage rates, which have been moving higher lately. The volatility Index, 276 00:18:35,800 --> 00:18:38,480 Speaker 1: which has been spiking lately, pulling back four percent today. 277 00:18:39,000 --> 00:18:41,719 Speaker 1: Gold and silver making news today with big moves on 278 00:18:41,760 --> 00:18:45,040 Speaker 1: the downside. Gold hovering it around forty six hundred and 279 00:18:45,119 --> 00:18:47,960 Speaker 1: sixty in ounce, got to around forty five point fifty earlier, 280 00:18:48,840 --> 00:18:51,119 Speaker 1: Silver got as low as sixty six to fifty an 281 00:18:51,119 --> 00:18:54,119 Speaker 1: ounce right now hovering at seventy two and change. And 282 00:18:54,160 --> 00:18:57,800 Speaker 1: crude oil moving higher right now. Oil and New York 283 00:18:57,840 --> 00:19:00,760 Speaker 1: at ninety four ninety an ounce scuse me a barrel 284 00:19:00,880 --> 00:19:03,840 Speaker 1: not quite that high at ninety four to ninety a barrel, 285 00:19:04,359 --> 00:19:07,240 Speaker 1: and in London, brentcrud in London at one O three 286 00:19:07,359 --> 00:19:11,640 Speaker 1: and change. Southern California gas pumps we're looking at five 287 00:19:11,720 --> 00:19:14,080 Speaker 1: seventy two the average price for regular six ZHO nine 288 00:19:14,160 --> 00:19:17,159 Speaker 1: the average price for premium six fifty nine. Now the 289 00:19:17,200 --> 00:19:20,359 Speaker 1: average price for diesel with regular and premium about a 290 00:19:20,400 --> 00:19:22,600 Speaker 1: dollar higher than just a month ago. Diesel now a 291 00:19:22,640 --> 00:19:26,200 Speaker 1: dollar fifty higher compared to just a month ago. Checking 292 00:19:26,200 --> 00:19:29,280 Speaker 1: the cryptos now we see bitcoin hovering above seventy thousand 293 00:19:29,760 --> 00:19:32,440 Speaker 1: eighth ethereum at twenty one thirty seven. Doze at the 294 00:19:32,440 --> 00:19:35,960 Speaker 1: moment at nine cents. Motack of money continues seven to 295 00:19:36,000 --> 00:19:39,560 Speaker 1: ninety KABC. Financial markets continue to react what's happening in 296 00:19:39,560 --> 00:19:42,120 Speaker 1: the Middle East. Missiles and bombs flying in the Middle 297 00:19:42,160 --> 00:19:44,800 Speaker 1: East as the US and Israel continue to hit military 298 00:19:44,800 --> 00:19:47,720 Speaker 1: targets in Iran. The critical strait of Horrne moves through 299 00:19:47,720 --> 00:19:50,480 Speaker 1: which about twenty percent of the world's oil supply flows through, 300 00:19:50,520 --> 00:19:54,480 Speaker 1: remains shut down. Israel striking Irani in fact Hesbelat targets 301 00:19:54,520 --> 00:19:58,720 Speaker 1: in Lebanon, parts of Israel meanwhile being hit by Iranian missiles. Meanwhile, 302 00:19:58,760 --> 00:20:01,720 Speaker 1: the US moving war fire power into the region. Let's 303 00:20:01,720 --> 00:20:04,280 Speaker 1: get an update on all this with Middle East expert 304 00:20:05,440 --> 00:20:08,359 Speaker 1: and that is Dan Revive, former Network News correspondent, also 305 00:20:08,400 --> 00:20:11,000 Speaker 1: expert and author of books on the Israeli intelligence Service, 306 00:20:11,040 --> 00:20:13,880 Speaker 1: including his late as Target Iran. He's also co host 307 00:20:13,920 --> 00:20:17,600 Speaker 1: of the Mosad Files podcast, Dan Revive, Thank you very 308 00:20:17,680 --> 00:20:19,800 Speaker 1: much for joining us live here this afternoon. 309 00:20:20,840 --> 00:20:23,480 Speaker 4: As always when I speak to you, Frank, it's an 310 00:20:23,480 --> 00:20:26,199 Speaker 4: incredibly busy day in the Middle East. A lot of 311 00:20:26,200 --> 00:20:28,720 Speaker 4: it has to do with the oil market, with President 312 00:20:28,760 --> 00:20:32,600 Speaker 4: Trump saying that Iran had better not close the Straight 313 00:20:32,640 --> 00:20:35,840 Speaker 4: of Horror moves just counting on getting some of that 314 00:20:36,000 --> 00:20:39,320 Speaker 4: shipping moving again, but that has not been resolved. I 315 00:20:39,320 --> 00:20:42,160 Speaker 4: would say oil tankers and other ships are not going 316 00:20:42,200 --> 00:20:45,680 Speaker 4: through the Strait because they still fear that Iran will 317 00:20:45,800 --> 00:20:48,800 Speaker 4: take a shot at ships. So we have something that's 318 00:20:49,080 --> 00:20:52,400 Speaker 4: very important to the world economy and it is unresolved. 319 00:20:53,160 --> 00:20:57,840 Speaker 1: And we've seen these unclassified videos of some coastal batteries 320 00:20:58,400 --> 00:21:01,720 Speaker 1: there along the Iranian coast being obliterated, and reports that 321 00:21:01,840 --> 00:21:05,919 Speaker 1: the a ten Ward Hogley, the work of course of 322 00:21:05,960 --> 00:21:10,840 Speaker 1: our military from the air kind of a flying artillery 323 00:21:10,880 --> 00:21:13,919 Speaker 1: piece has also been moved into the area. Now, what 324 00:21:14,000 --> 00:21:16,000 Speaker 1: do you see happening here? What are they talking about 325 00:21:16,040 --> 00:21:19,040 Speaker 1: as far as the timetable about reopening the Straight of 326 00:21:19,080 --> 00:21:22,520 Speaker 1: War moves, possibly escorting the ships through there with the 327 00:21:22,520 --> 00:21:24,320 Speaker 1: help of the US Navy and so forth. 328 00:21:25,200 --> 00:21:28,160 Speaker 4: Right, think about the operation that you're mentioning, it's not 329 00:21:28,480 --> 00:21:32,760 Speaker 4: just about perhaps escorting ships, using US Navy ships to 330 00:21:32,800 --> 00:21:37,080 Speaker 4: do that, but maybe seizing part of the Iranian shore. 331 00:21:37,440 --> 00:21:41,120 Speaker 4: When those five thousand pound bombs were dropped on several 332 00:21:41,160 --> 00:21:44,360 Speaker 4: targets where the Iranians are known to have guns and 333 00:21:44,440 --> 00:21:47,879 Speaker 4: missiles right there on the coastline, you also start to 334 00:21:47,920 --> 00:21:52,240 Speaker 4: think the US might land there. After all, about two 335 00:21:52,600 --> 00:21:56,679 Speaker 4: five hundred marines in an expeditionary force are on the 336 00:21:56,680 --> 00:21:59,919 Speaker 4: way to that region. President Trump has not denied that 337 00:22:00,040 --> 00:22:02,760 Speaker 4: there could be boots on the ground, after all, a 338 00:22:02,760 --> 00:22:06,280 Speaker 4: lot of focus on Hart Island, the island through it. 339 00:22:06,760 --> 00:22:11,760 Speaker 4: Ninety percent of Iran's oil goes on to tankers to 340 00:22:11,840 --> 00:22:15,040 Speaker 4: be taken to various customers. By the way, Iran is 341 00:22:15,080 --> 00:22:19,800 Speaker 4: under sanctions. Those customers are generally violating sanctions. Those include 342 00:22:19,960 --> 00:22:23,399 Speaker 4: India and China. Often they change the paperwork on the 343 00:22:23,480 --> 00:22:26,200 Speaker 4: ship so that they won't be accused of the UN 344 00:22:26,240 --> 00:22:29,359 Speaker 4: of violating sanctions. So the truth is that in normal times, 345 00:22:29,400 --> 00:22:32,919 Speaker 4: Iran makes a ton of money, and it's not surprising 346 00:22:32,960 --> 00:22:34,960 Speaker 4: that the US and Israel want to cut that off 347 00:22:34,960 --> 00:22:37,960 Speaker 4: as part of the war efforts. Iran says, oh yeah, 348 00:22:38,040 --> 00:22:41,320 Speaker 4: in that case, nobody gets oil and the world price 349 00:22:41,560 --> 00:22:43,200 Speaker 4: of energy simply goes up. 350 00:22:43,800 --> 00:22:48,199 Speaker 1: And Iran reaching well lashing out, I should say, on 351 00:22:48,240 --> 00:22:53,440 Speaker 1: its neighbors, hitting targets in the entire region, hitting sensitive 352 00:22:53,800 --> 00:22:57,840 Speaker 1: natural gas and oil installations. Is this going to draw 353 00:22:57,880 --> 00:23:02,320 Speaker 1: more countries against Iran? Has Saudi Arabia attacked Iran, for 354 00:23:02,359 --> 00:23:05,520 Speaker 1: example or any other Have any other countries joined the 355 00:23:05,600 --> 00:23:09,520 Speaker 1: US in Israel in attacking Iranian the military targets. 356 00:23:10,440 --> 00:23:13,320 Speaker 4: No, not yet, But I will say not yet, because 357 00:23:13,359 --> 00:23:16,600 Speaker 4: I think every one of those countries, including Saudi Arabia 358 00:23:16,680 --> 00:23:19,840 Speaker 4: and Qatar and the United Arab Emirates, would want to 359 00:23:19,880 --> 00:23:22,720 Speaker 4: strike back, if only for their own pride. They say 360 00:23:22,760 --> 00:23:26,600 Speaker 4: they have been wrongly attacked by Iran for no good reason. 361 00:23:26,920 --> 00:23:29,960 Speaker 4: Iran says that those are allies of the US, letting 362 00:23:30,000 --> 00:23:34,120 Speaker 4: the US operate through their airspace for instance. So absolutely, 363 00:23:34,160 --> 00:23:38,320 Speaker 4: I think that the Sunni Muslim Arab countries like Saudi 364 00:23:38,320 --> 00:23:41,040 Speaker 4: Arabia and the UAE are going to remember this for 365 00:23:41,080 --> 00:23:44,399 Speaker 4: a long time. The Shiai Muslims who've been ruling Iran 366 00:23:44,960 --> 00:23:49,200 Speaker 4: absolutely have been just turning their backs on any good 367 00:23:49,240 --> 00:23:52,040 Speaker 4: relationships in the Middle East. I think what we're seeing 368 00:23:52,119 --> 00:23:58,000 Speaker 4: is a desperate regime in Tehran, desperate to survive, considering 369 00:23:58,040 --> 00:24:00,640 Speaker 4: on the first day of the war February twenty eighth, 370 00:24:00,920 --> 00:24:05,000 Speaker 4: the leader, the Supreme Leader, Ayatola Ali Khamenei, was killed 371 00:24:05,040 --> 00:24:08,240 Speaker 4: by an Israeli air strike. US air strikes also have 372 00:24:08,240 --> 00:24:11,240 Speaker 4: been aimed at leadership, as you know, Frank. This week, 373 00:24:11,440 --> 00:24:15,479 Speaker 4: the man who was managing the Iranian government, Ali Lari Johanni, 374 00:24:16,160 --> 00:24:18,800 Speaker 4: was killed by an Israeli strike, and so were the 375 00:24:18,840 --> 00:24:22,080 Speaker 4: two top leaders of the besiege militia in charge of 376 00:24:22,160 --> 00:24:25,119 Speaker 4: oppressing people on the streets. One thing I want to 377 00:24:25,119 --> 00:24:28,160 Speaker 4: point out, though, to show that they're still tough, the 378 00:24:28,160 --> 00:24:35,520 Speaker 4: Iranian regime hanged three young protesters today from the January protests, 379 00:24:35,800 --> 00:24:38,119 Speaker 4: and so we can still see what kind of regime 380 00:24:38,160 --> 00:24:38,560 Speaker 4: that is. 381 00:24:40,000 --> 00:24:45,760 Speaker 1: Are you expecting to hear more decapitations of Iranian leadership? You, 382 00:24:45,880 --> 00:24:50,119 Speaker 1: of course cover the on the Mosad files. You're excellent podcast. 383 00:24:50,880 --> 00:24:53,520 Speaker 1: Ver he tuned into what's happening and have been since 384 00:24:53,560 --> 00:24:56,919 Speaker 1: this whole thing started. What about who else is on 385 00:24:56,960 --> 00:24:59,760 Speaker 1: the list and ultimately what's the endgame here? 386 00:25:00,800 --> 00:25:06,200 Speaker 4: Yeah? Targeted assassinations absolutely. Prime Minister Netanyahu in Jerusalem yesterday 387 00:25:06,280 --> 00:25:09,000 Speaker 4: had a brief meeting with the US ambassador, you know, 388 00:25:09,119 --> 00:25:12,919 Speaker 4: Mike Huckaby, and they were talking about that ned Tanyaho 389 00:25:12,960 --> 00:25:16,719 Speaker 4: literally Shu Huckaby a card with names on it, suggesting 390 00:25:16,760 --> 00:25:20,159 Speaker 4: that any of the leaders of any of Israel, sorry, 391 00:25:20,160 --> 00:25:25,639 Speaker 4: of any of Iran's organizations that oppress people or parts 392 00:25:25,680 --> 00:25:28,880 Speaker 4: of the military could be legitimate targets. I do want 393 00:25:28,880 --> 00:25:31,960 Speaker 4: to add this though, Frank, there's the possibility that President 394 00:25:32,000 --> 00:25:35,760 Speaker 4: Trump may feel that it's not worth endangering the world 395 00:25:35,800 --> 00:25:39,800 Speaker 4: oil markets, and Trump could say that all the goals 396 00:25:39,800 --> 00:25:42,680 Speaker 4: have been accomplished. I noticed only an hour ago at 397 00:25:42,680 --> 00:25:46,040 Speaker 4: a news conference in Israel, Netsanyahu said, and I feel 398 00:25:46,040 --> 00:25:50,639 Speaker 4: that he was perhaps giving Trump well some information that 399 00:25:50,680 --> 00:25:53,640 Speaker 4: can be used publicly. He said, Iran now does not 400 00:25:53,720 --> 00:25:56,800 Speaker 4: have the ability to make ballistic missiles. Iran does not 401 00:25:56,880 --> 00:25:59,840 Speaker 4: have the ability to enrich uranium. So the US and 402 00:26:00,119 --> 00:26:04,520 Speaker 4: Israel could declare victory and stop this. I don't think 403 00:26:04,560 --> 00:26:08,040 Speaker 4: they will. President Trump this week said it won't be 404 00:26:08,160 --> 00:26:11,600 Speaker 4: this week, but President Trump says it will end soon. 405 00:26:13,040 --> 00:26:16,240 Speaker 1: And now Lebanon is in focus and Israel being hit 406 00:26:16,480 --> 00:26:19,520 Speaker 1: by some Iranian missiles. Right, what's the latest on that? 407 00:26:19,640 --> 00:26:21,840 Speaker 1: We had to run by Abraham Cooper on this program 408 00:26:21,880 --> 00:26:27,040 Speaker 1: twenty four hours ago, talking to his granddaughter and about 409 00:26:27,560 --> 00:26:30,560 Speaker 1: some of the missile strikes hitting and including some very 410 00:26:30,720 --> 00:26:33,479 Speaker 1: sensitive sights in the Holy Land. Even what's the light 411 00:26:33,560 --> 00:26:35,040 Speaker 1: is there right? 412 00:26:35,080 --> 00:26:38,160 Speaker 4: Not only aiming for instance, at Jerusalem and holy places, 413 00:26:38,160 --> 00:26:41,600 Speaker 4: but also at the important oil refinery that Israel has 414 00:26:41,640 --> 00:26:44,760 Speaker 4: in the port of Haifa. Their indications that it's been 415 00:26:44,800 --> 00:26:48,400 Speaker 4: targeted again and again from Iran but also much closer 416 00:26:48,400 --> 00:26:52,200 Speaker 4: by Hesbulah and Lebanon. Of course Iran's ally from an 417 00:26:52,359 --> 00:26:56,000 Speaker 4: Israeli point of view, this is about silencing Hesbelah, so 418 00:26:56,080 --> 00:26:59,360 Speaker 4: this will never happen again. That's hard to believe. Since 419 00:26:59,400 --> 00:27:02,760 Speaker 4: the nineteen eighties. Of course, Hesbela has rained rockets down 420 00:27:02,840 --> 00:27:06,439 Speaker 4: on Israel whenever Iran told them to do it. Maybe 421 00:27:06,480 --> 00:27:10,840 Speaker 4: that can be ended now Israeli troops are entering Lebanon again. 422 00:27:11,240 --> 00:27:15,680 Speaker 4: The hope is that the Lebanese government lose all patients 423 00:27:15,680 --> 00:27:19,600 Speaker 4: with Hesbelah and tell that Saite Muslim party, a minority 424 00:27:19,640 --> 00:27:23,359 Speaker 4: in Lebanon, that you've caused nothing but trouble and shut 425 00:27:23,400 --> 00:27:26,800 Speaker 4: down Hesbelah. But in the meantime, a lot of missiles 426 00:27:26,800 --> 00:27:29,720 Speaker 4: have been coming into Israel from the north and well 427 00:27:29,760 --> 00:27:33,439 Speaker 4: over a million Israelis several times a day are running 428 00:27:33,440 --> 00:27:34,400 Speaker 4: to the shelters. 429 00:27:34,840 --> 00:27:37,800 Speaker 1: And these are Ronnie and the cluster missiles. Right, a 430 00:27:37,840 --> 00:27:41,880 Speaker 1: new weapon. I remember where a Network news correspondent in 431 00:27:42,119 --> 00:27:44,399 Speaker 1: Tel Aviv. I remember the sign off of Dan Revive 432 00:27:44,480 --> 00:27:46,680 Speaker 1: Tel Aviv. Right, what is the situation there? 433 00:27:46,720 --> 00:27:51,680 Speaker 4: Now? Yeah, that's a new fear, because it's not bad 434 00:27:51,800 --> 00:27:54,560 Speaker 4: enough that a missile that size of a school bus 435 00:27:54,840 --> 00:27:57,639 Speaker 4: has flown all the way from Iran typically you know, 436 00:27:58,280 --> 00:28:02,000 Speaker 4: about one thousand miles and is coming into the Israeli skies. 437 00:28:02,400 --> 00:28:05,760 Speaker 4: Most of them are being shot down by Israel's excellent 438 00:28:05,960 --> 00:28:08,560 Speaker 4: time missile systems, but a few of them get through 439 00:28:08,840 --> 00:28:13,440 Speaker 4: and then over Israeli airspace they've been releasing cluster bombs. 440 00:28:13,680 --> 00:28:17,479 Speaker 4: The warhead opens and there are dozens of explosives that 441 00:28:17,520 --> 00:28:20,119 Speaker 4: are falling to the ground. Now the Israeli government is 442 00:28:20,160 --> 00:28:23,040 Speaker 4: telling its people the solution is go to the shelter. 443 00:28:23,240 --> 00:28:26,200 Speaker 4: We're going to sound the sirens. We're going to give 444 00:28:26,240 --> 00:28:30,440 Speaker 4: you typically ten minutes warning. Go to the shelter. That's 445 00:28:30,480 --> 00:28:32,640 Speaker 4: the way to survive this. In the meantime, a lot 446 00:28:32,680 --> 00:28:36,359 Speaker 4: of buildings are being damaged. Of course, cars and other damage. 447 00:28:36,560 --> 00:28:39,160 Speaker 4: I think that in Israel, it's clear that a majority 448 00:28:39,160 --> 00:28:43,080 Speaker 4: of people think it is worth it. It's tiring for people, 449 00:28:43,360 --> 00:28:47,160 Speaker 4: but they really do want to end the Iranian threat 450 00:28:47,440 --> 00:28:50,120 Speaker 4: to Israel and the Middle East. So I think Israelis 451 00:28:50,240 --> 00:28:53,880 Speaker 4: are behind Mettanyahu in carrying out this war. 452 00:28:54,760 --> 00:28:57,640 Speaker 1: Dan Rebeve, thank you very much for that comprehensive update. 453 00:28:57,800 --> 00:28:59,440 Speaker 1: We will keep an open line to you. That is 454 00:28:59,440 --> 00:29:03,320 Speaker 1: Middle East expert Van Revive, former Network News correspondent, also 455 00:29:03,360 --> 00:29:06,000 Speaker 1: expert and author of books on the Israeli intelligence service, 456 00:29:06,320 --> 00:29:08,920 Speaker 1: including his latest Target Iron also co hosts of the 457 00:29:08,960 --> 00:29:12,720 Speaker 1: Mosad Files podcast. Dan Reviv, thank you very much for 458 00:29:12,800 --> 00:29:14,200 Speaker 1: joining us live here this afternoon. 459 00:29:14,960 --> 00:29:16,200 Speaker 4: My pleasure, Frank. 460 00:29:16,320 --> 00:29:19,600 Speaker 1: Seven ninety KBC. Motec on money continues here in seven 461 00:29:19,680 --> 00:29:22,800 Speaker 1: ninety KABC. We do have some breaking news here impacting 462 00:29:23,360 --> 00:29:26,760 Speaker 1: the world of television. The Federal Communications Commission has just 463 00:29:26,880 --> 00:29:30,480 Speaker 1: signed off on broadcast station owner Nextstars six point two 464 00:29:30,560 --> 00:29:34,400 Speaker 1: billion dollar deal to acquire rival company Tegna, a merger 465 00:29:34,400 --> 00:29:37,400 Speaker 1: that would create the largest operator of local television stations 466 00:29:37,480 --> 00:29:40,440 Speaker 1: in the country. Next Star is the owner of KTLA 467 00:29:40,520 --> 00:29:43,720 Speaker 1: here in the Los Angeles area. The FCC chairman, in 468 00:29:43,760 --> 00:29:46,320 Speaker 1: a news release that just came out said, the agency 469 00:29:46,400 --> 00:29:48,800 Speaker 1: waived a rule that bars a single company from owning 470 00:29:49,080 --> 00:29:52,800 Speaker 1: TV stations reaching more than thirty nine percent of US households. 471 00:29:53,000 --> 00:29:56,680 Speaker 1: The combined entity would cover at least sixty percent. That's 472 00:29:56,720 --> 00:30:00,120 Speaker 1: the breaking news impacting the media business. STAYVID, say A, 473 00:30:00,200 --> 00:30:04,880 Speaker 1: NINKBC for the very latest. Meanwhile, in case you hadn't noticed, 474 00:30:04,960 --> 00:30:07,560 Speaker 1: gas prices are up, in fact a dollar a gall 475 00:30:07,640 --> 00:30:10,040 Speaker 1: on higher than just a month ago. Diesel's a dollar 476 00:30:10,080 --> 00:30:12,800 Speaker 1: fifty a gall on higher compared to just a month ago. 477 00:30:12,880 --> 00:30:15,440 Speaker 1: Give me one hundred and fifty on pump number one 478 00:30:16,040 --> 00:30:18,680 Speaker 1: that's been heard here in California already. Does this mean 479 00:30:19,280 --> 00:30:22,240 Speaker 1: electric vehicles will be making a comeback? Following all of 480 00:30:22,240 --> 00:30:25,160 Speaker 1: this closely our car expert Lauren Fix, co hosts of 481 00:30:25,240 --> 00:30:28,000 Speaker 1: The Drive, a Car Show, syndicated radio show, and founder 482 00:30:28,040 --> 00:30:30,040 Speaker 1: of car Coach Reports, I want to talk to you 483 00:30:30,080 --> 00:30:32,680 Speaker 1: about that and everything that you're covering in the car 484 00:30:32,680 --> 00:30:34,800 Speaker 1: world of these days. Lauren, thank you very much for 485 00:30:34,880 --> 00:30:36,200 Speaker 1: taking the call here this afternoon. 486 00:30:37,280 --> 00:30:39,880 Speaker 3: Well, thanks for heaving back. Yeah, there's a lot going on. 487 00:30:40,760 --> 00:30:43,560 Speaker 3: I think you need to be looking at the long game, 488 00:30:43,680 --> 00:30:46,320 Speaker 3: not the short game. When you're talking about buying a car. 489 00:30:46,720 --> 00:30:49,480 Speaker 3: Typically when people purchase a vehicle, we'll keep it three 490 00:30:49,520 --> 00:30:51,920 Speaker 3: to five years, sometimes longer. I mean, I've got a 491 00:30:51,920 --> 00:30:54,560 Speaker 3: car that's ten years old, and so when you purchase 492 00:30:54,640 --> 00:30:56,640 Speaker 3: that car, you have to about I have to get 493 00:30:56,720 --> 00:30:59,000 Speaker 3: my value out of it. Especially with the cost of 494 00:30:59,040 --> 00:31:01,920 Speaker 3: fuel in California, it is ridiculous. I was just up 495 00:31:02,360 --> 00:31:07,680 Speaker 3: Santa Barbar listen, I saw nineteen a gallon for five 496 00:31:08,160 --> 00:31:12,800 Speaker 3: for super Those are high numbers, probably because of location. 497 00:31:13,440 --> 00:31:16,400 Speaker 3: So you can shop around fuel. We can use places 498 00:31:16,400 --> 00:31:19,720 Speaker 3: like guest Buddy, which will compared to pricing, or trip 499 00:31:20,120 --> 00:31:23,600 Speaker 3: so offers it. Those are smart things to do. There's 500 00:31:23,640 --> 00:31:25,720 Speaker 3: all kinds of other apps you can get that gave 501 00:31:25,760 --> 00:31:28,760 Speaker 3: you money, also places like costco if you're a member. 502 00:31:29,240 --> 00:31:31,160 Speaker 3: We have DJ's here on the East Coast, So if 503 00:31:31,160 --> 00:31:33,720 Speaker 3: you remember some of these groups, I think Sam's Club 504 00:31:33,760 --> 00:31:36,120 Speaker 3: has it as well. They have gas stations they usually 505 00:31:36,160 --> 00:31:38,920 Speaker 3: offer a discount. Just remember not to travel, you know, 506 00:31:38,960 --> 00:31:41,719 Speaker 3: one hundred miles to save five dollars because you use 507 00:31:41,800 --> 00:31:45,080 Speaker 3: that up in fuel. But if you're near an Indian reservation, 508 00:31:45,200 --> 00:31:46,520 Speaker 3: you happen to be near one. A lot of the 509 00:31:46,600 --> 00:31:50,440 Speaker 3: Native Americans offer discounts on fuel as well, and you 510 00:31:50,480 --> 00:31:52,080 Speaker 3: can put it on your credit card, So you have 511 00:31:52,120 --> 00:31:55,400 Speaker 3: to kind of think smart versus going around buying an 512 00:31:55,440 --> 00:31:58,280 Speaker 3: electric car. Just because you're thinking the gas persons are 513 00:31:58,360 --> 00:32:00,960 Speaker 3: high day doesn't mean they'll be high a week from 514 00:32:01,000 --> 00:32:03,680 Speaker 3: now or a month from now. Right now, the gas 515 00:32:03,720 --> 00:32:06,640 Speaker 3: stations are thinking, when this tank is empty, I need 516 00:32:06,680 --> 00:32:09,320 Speaker 3: to refill it, and it's going to cost me this much, 517 00:32:09,360 --> 00:32:11,640 Speaker 3: and that's the price they're charging today. That's why the 518 00:32:11,680 --> 00:32:14,120 Speaker 3: prices went up, so the next bload that comes in 519 00:32:14,200 --> 00:32:17,479 Speaker 3: could be less. I know, we get only three percent 520 00:32:17,520 --> 00:32:20,040 Speaker 3: of our fuel from the Middle East, so with that 521 00:32:20,080 --> 00:32:22,240 Speaker 3: in mind, it sounds to me like a lot of 522 00:32:22,240 --> 00:32:24,720 Speaker 3: these distributors are hiking the prices up prematurely. 523 00:32:25,880 --> 00:32:30,320 Speaker 1: On there Live with Lauren Fix And you've just reminded 524 00:32:30,360 --> 00:32:32,840 Speaker 1: me when we seen the spike like this back in 525 00:32:33,040 --> 00:32:35,400 Speaker 1: twenty twenty two, and we're still not that high. By 526 00:32:35,440 --> 00:32:38,760 Speaker 1: the way, after the rust of the Ukraine War broke out, 527 00:32:39,400 --> 00:32:41,760 Speaker 1: people were talking about about taking their spare tires out 528 00:32:41,800 --> 00:32:44,680 Speaker 1: of the trunk and stuff like that. Any other practical 529 00:32:44,720 --> 00:32:48,240 Speaker 1: advice that makes sense to try to get the most 530 00:32:49,320 --> 00:32:51,040 Speaker 1: on a gallon of gas nowadays. 531 00:32:52,120 --> 00:32:54,600 Speaker 3: Absolutely number one. If you've got a check engine light 532 00:32:54,680 --> 00:32:57,040 Speaker 3: that's on your vehicle. No matter what type of vehicle 533 00:32:57,080 --> 00:32:58,720 Speaker 3: you have, you want to take care of that. It 534 00:32:58,760 --> 00:33:01,760 Speaker 3: can cost you for forty of your fuel economy because 535 00:33:01,760 --> 00:33:04,520 Speaker 3: that's emissions related and that means that your vehicle is 536 00:33:04,560 --> 00:33:06,680 Speaker 3: not going to run properly. So that is an easy 537 00:33:06,680 --> 00:33:09,440 Speaker 3: thing to have fixed, sometimes of something as simple as 538 00:33:09,880 --> 00:33:12,520 Speaker 3: oxygen sensor, which would help your vehicle run smooter. You 539 00:33:12,520 --> 00:33:14,800 Speaker 3: can check your tire pressure once a month. Use the 540 00:33:14,880 --> 00:33:18,320 Speaker 3: number inside your driver's store. Don't make up the number, 541 00:33:18,400 --> 00:33:20,080 Speaker 3: don't use the number on the side of the tire. 542 00:33:20,200 --> 00:33:23,200 Speaker 3: That number inside your driver's store is correct for your 543 00:33:23,280 --> 00:33:25,920 Speaker 3: vehicle because it has to do with the vehicle and 544 00:33:25,960 --> 00:33:27,760 Speaker 3: the mileage and the handling and all that. So when 545 00:33:27,800 --> 00:33:30,160 Speaker 3: you look at your vehicle, make sure to check. You 546 00:33:30,160 --> 00:33:32,360 Speaker 3: can buy a tire pressure gage for five dollars. You 547 00:33:32,360 --> 00:33:35,040 Speaker 3: can use it for every vehicle you own. You can 548 00:33:35,040 --> 00:33:36,640 Speaker 3: share it with a friend. You only need to do 549 00:33:36,680 --> 00:33:38,640 Speaker 3: it once a month in the morning when the tires 550 00:33:38,680 --> 00:33:41,520 Speaker 3: are cold. All of those things since easily save you 551 00:33:41,560 --> 00:33:45,120 Speaker 3: two to three miles to the gallon. Also, package up 552 00:33:45,120 --> 00:33:46,880 Speaker 3: your your trips, like if you know you're going to 553 00:33:47,000 --> 00:33:48,800 Speaker 3: like we used to do all right, turns like if 554 00:33:48,840 --> 00:33:50,400 Speaker 3: I make the left here and I'm going to make, 555 00:33:50,480 --> 00:33:52,560 Speaker 3: you know, flip around and hit the whole. Like we 556 00:33:52,640 --> 00:33:54,360 Speaker 3: have a major roadway here that I usually go to 557 00:33:54,440 --> 00:33:55,760 Speaker 3: on Saturdays. You know, I'm going to go get the 558 00:33:55,840 --> 00:33:58,120 Speaker 3: dry cleaning, and then I have to go to you know, Walmart, 559 00:33:58,120 --> 00:33:59,480 Speaker 3: and then I have to go to the grocery store. 560 00:33:59,680 --> 00:34:03,920 Speaker 3: You can plan your trips. It's much cheaper to drive 561 00:34:03,960 --> 00:34:06,560 Speaker 3: yourself than to call some of these services to deliver 562 00:34:06,600 --> 00:34:09,160 Speaker 3: food because there's going to be a premium added on cops. 563 00:34:09,360 --> 00:34:11,800 Speaker 3: I know that the US Postal Service is doing that already, 564 00:34:11,880 --> 00:34:15,640 Speaker 3: as FedEx and UPS and all of these food services. 565 00:34:15,680 --> 00:34:18,680 Speaker 3: Go yourself, and if you're going to a drive through, 566 00:34:19,120 --> 00:34:21,480 Speaker 3: park the car. So I play a little game that 567 00:34:21,520 --> 00:34:23,960 Speaker 3: I see the last car in line in the drive through, 568 00:34:24,000 --> 00:34:25,959 Speaker 3: and I'll pull my car into a parking spot, shut 569 00:34:25,960 --> 00:34:28,200 Speaker 3: it off, go and get whatever it is I'm doing, 570 00:34:28,239 --> 00:34:29,840 Speaker 3: and go back out to my car and try to 571 00:34:29,880 --> 00:34:32,040 Speaker 3: get in the vehicle before they get to the ordering 572 00:34:32,080 --> 00:34:35,640 Speaker 3: board because they're getting zero miles gallon. If you've got 573 00:34:35,680 --> 00:34:38,080 Speaker 3: a hybrid, it might run on electric part time, but 574 00:34:38,120 --> 00:34:40,080 Speaker 3: as you move forward, it's going to use gas and 575 00:34:40,120 --> 00:34:43,320 Speaker 3: for those that electric vehicles. Electricity is still not cheap 576 00:34:43,600 --> 00:34:45,520 Speaker 3: and it's not going to go down in price. So 577 00:34:45,880 --> 00:34:48,560 Speaker 3: anytime you can save from as what I call sitting 578 00:34:48,600 --> 00:34:50,960 Speaker 3: at zero miles to the gallon, it's a smart way 579 00:34:51,000 --> 00:34:53,000 Speaker 3: to say drink, Why spend it when you don't need to? 580 00:34:54,000 --> 00:34:57,239 Speaker 1: That is fantastic guide into and advice, and I'd love 581 00:34:57,280 --> 00:34:59,520 Speaker 1: it though. You're a normal person, Lauren Fakes, and that's 582 00:34:59,520 --> 00:35:02,360 Speaker 1: why you're saying popular on your show. So that is 583 00:35:02,400 --> 00:35:05,720 Speaker 1: absolutely fantastic. Now, while watching this pullback on EV mandates 584 00:35:05,719 --> 00:35:09,440 Speaker 1: and emissions enforcement, California moving in the opposite direction, as 585 00:35:09,440 --> 00:35:12,000 Speaker 1: you've noted in some of EUER recent reports. So what 586 00:35:12,120 --> 00:35:15,040 Speaker 1: is the very latest on the EV front? And indeed, 587 00:35:15,080 --> 00:35:18,319 Speaker 1: are is there more interested in the EV's because of 588 00:35:18,360 --> 00:35:18,920 Speaker 1: what's happening? 589 00:35:20,760 --> 00:35:23,200 Speaker 3: No, Actually, Detroit told California we're not going to make 590 00:35:23,239 --> 00:35:26,240 Speaker 3: special vehicles for you right now. They've taken one hundred 591 00:35:26,239 --> 00:35:31,640 Speaker 3: and thirteen billion dollar loss this whole EV strategy, which 592 00:35:31,680 --> 00:35:34,319 Speaker 3: is completely backfired. I just posted the story on that 593 00:35:34,520 --> 00:35:38,160 Speaker 3: just yesterday. I have another story going out today and 594 00:35:38,200 --> 00:35:40,440 Speaker 3: some other interesting things you should be watching for at 595 00:35:40,440 --> 00:35:42,920 Speaker 3: dealers because a lot of them are selling flood damage 596 00:35:42,960 --> 00:35:46,719 Speaker 3: cars other sort of salvage titles. So you really need 597 00:35:46,760 --> 00:35:49,680 Speaker 3: to be careful. Everybody's looking to make a dollar, and 598 00:35:50,000 --> 00:35:52,560 Speaker 3: when it comes to these things, car manufacturers can't afford 599 00:35:52,640 --> 00:35:54,919 Speaker 3: to take any more losses, and you shouldn't be doing 600 00:35:54,960 --> 00:35:55,400 Speaker 3: that either. 601 00:35:56,840 --> 00:35:59,360 Speaker 1: All right, what else is getting your attention top of mind? 602 00:35:59,520 --> 00:36:02,120 Speaker 1: Lauren Fan? Any good bargains out. 603 00:36:02,040 --> 00:36:05,319 Speaker 3: There you have are some good bargains. I just drove 604 00:36:05,360 --> 00:36:07,719 Speaker 3: the twenty twenty seven Kia Tell You Ride. It was 605 00:36:07,840 --> 00:36:09,799 Speaker 3: quite nice. That's what we're doing in Santa Barbara. It's 606 00:36:09,800 --> 00:36:13,160 Speaker 3: on my car Smarts, which is my car review channel 607 00:36:13,160 --> 00:36:15,520 Speaker 3: on YouTube. You can also find everything on my website, 608 00:36:15,520 --> 00:36:18,520 Speaker 3: which is car coach Reports. I have to do. Kia 609 00:36:18,520 --> 00:36:21,920 Speaker 3: and Hundai are really coming on strong with hybrid vehicles. 610 00:36:22,440 --> 00:36:24,800 Speaker 3: They've got off road type vehicles, which is more of 611 00:36:24,840 --> 00:36:26,520 Speaker 3: a look to me, because I don't think most people 612 00:36:26,520 --> 00:36:28,080 Speaker 3: go off road. I think off road is we have 613 00:36:28,120 --> 00:36:30,560 Speaker 3: to drive into a dirt parking lot for most people. 614 00:36:31,040 --> 00:36:32,719 Speaker 3: But I think one of the nice things is that 615 00:36:32,840 --> 00:36:35,440 Speaker 3: once you see what's out there and what's new in 616 00:36:35,480 --> 00:36:37,719 Speaker 3: the new technology, I think you're going to be quite impressed, 617 00:36:38,000 --> 00:36:40,160 Speaker 3: not just from Honda and Kia, but also from Honda, 618 00:36:40,200 --> 00:36:43,120 Speaker 3: Toyota and all the brands are really starting to produce 619 00:36:43,400 --> 00:36:46,440 Speaker 3: hybrid cars that consumers want, and Stilantis is telling us 620 00:36:46,480 --> 00:36:48,319 Speaker 3: they're going to come back with some cars because there's 621 00:36:48,360 --> 00:36:49,359 Speaker 3: a big demand for. 622 00:36:49,320 --> 00:36:52,360 Speaker 1: Those fantastic Lauren, thank you very much for taking the 623 00:36:52,360 --> 00:36:54,400 Speaker 1: call in live with this year. And that is Lauren Fakes, 624 00:36:54,400 --> 00:36:57,240 Speaker 1: the co host of The Drive Car Show, syndicated radio 625 00:36:57,320 --> 00:36:59,839 Speaker 1: show and also founder of Car Coach Reports. Check her 626 00:36:59,840 --> 00:37:02,360 Speaker 1: out on YouTube as well. Lawrence, always great to have 627 00:37:02,400 --> 00:37:04,120 Speaker 1: you with us and look forward to talking to you 628 00:37:04,200 --> 00:37:06,920 Speaker 1: very soon here on MOTECH on Money on seven ninety KBC. 629 00:37:07,440 --> 00:37:10,240 Speaker 1: Stay tuned now for the seven ninety KBC News Blitz 630 00:37:10,280 --> 00:37:12,799 Speaker 1: with Randy Wang coming up in just a moment. Then 631 00:37:12,840 --> 00:37:15,400 Speaker 1: stay tuned for the Way Home Radio Show and podcasts 632 00:37:15,400 --> 00:37:18,000 Speaker 1: presented by the Union Rescue Mission. I'll be back on 633 00:37:18,000 --> 00:37:21,000 Speaker 1: the air of this evening at six with RM's CEO 634 00:37:21,120 --> 00:37:23,520 Speaker 1: Mark Hood and including some special guests ahead of a 635 00:37:23,520 --> 00:37:24,960 Speaker 1: big galop coming up this weekend.